Friday, May 14, 2021
Investor Ideas #Potcasts 565, #Cannabis News and #Stocks on the Move; (CSE: $TRUL.C) (OTCQX: $TCNNF), (CSE: $EATS.C) (OTC: $EATBF) (TSX: $HEXO.TO) (NYSE: $HEXO)
Investor Ideas #Potcasts 565, #Cannabis News and #Stocks on the Move; (CSE: $TRUL.C) (OTCQX: $TCNNF), (CSE: $EATS.C) (OTC: $EATBF) (TSX: $HEXO.TO) (NYSE: $HEXO)
Delta, Kelowna, BC, May 14, 2021 (Investorideas.com Newswire) www.Investorideas.com, a global news source covering leading sectors including marijuana and hemp stocks and its potcast site, www.potcasts.ca release today’s podcast edition of cannabis news and stocks to watch plus insight from thought leaders and experts.
Listen to the podcast:
https://www.investorideas.com/Audio/Podcasts/2021/051421-StocksToWatch.mp3
Read this in full at https://www.investorideas.com/news/2021/cannabis-potcasts/05141TRUL-TCNNF-EATS-HEXO.asp
Hear Investor ideas cannabis potcast on iTunes
Hear the investor ideas potcast on Spotify
Today’s podcast overview/transcript:
Good afternoon and welcome to another episode of Investorideas.com "Potcast" featuring cannabis news, stocks to watch as well as insights from thought leaders and experts.
In today’s podcast we look at a few public and private company announcements.
Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF), a leading and top-performing cannabis company in the United States, announced its results for the quarter ended March 31, 2021. The Company became a U.S. reporting company effective February 4, 2021 and the consolidated financial statements are reported in accordance with U.S. Generally Accepted Accounting Principles (GAAP). All currency is expressed in U.S. dollars.
Q1 2021 Highlights
● Achieved record quarterly revenues of $193.8 million, a sequential increase of 15% over Q4 2020
● Generated net income of $30.1 million
● Delivered Adjusted EBITDA of $90.8 million
● Achieved gross profit of $135.3 million and gross margin of 70%
● Delivered $60.4 million in cash flows from operations
2021 Operational Highlights and Recent Events
● Recently announced definitive agreement to acquire Harvest Health & Recreation Inc., the largest cannabis acquisition announced in the U.S. to date.
● Harvest reported first quarter revenue of $88.8 million and Adjusted EBITDA of $26.9 million
● Reported first full quarter of operations in Pennsylvania and opened phase 1 of our new cultivation facility adding 45,000 square feet for a total of 80,000 square feet of cultivation
● Well-positioned to become a first-mover, vertically-integrated operator in West Virginia through successful application wins and the recent acquisition of Mountaineer Holding
● Expanded our Florida operations by eight stores and 116,000 square feet of cultivation, ending the quarter with 82 stores and over 2 million square feet of cultivation in Florida
“During Q1 we continued to execute on growth in Florida as well as our national hub
expansions. Our record revenue and industry leading EBITDA margins demonstrate our continued focus on execution," stated Kim Rivers, Trulieve CEO. "The pending acquisition of Harvest will be transformative and will build on our profitability, expanding our runway for growth."
Rivers continued, "Our continued strength in our home state of Florida, as well as the build out of our northeast hub, with progress in Pennsylvania, Massachusetts and West Virginia, has generated momentum for an exciting remainder of the year. We expect many positive catalysts in the months ahead, which align well with the current political environment and heightened focus on cannabis in this country."
Trees Corporation announced the closing of the acquisition of 5 retail cannabis stores in Ontario previously licensed under the name Metro Cannabis. Three of the acquired stores are open and will operate under the TREES Cannabis brand with the remaining 2 stores anticipated to open early this summer.
Newly acquired stores to operate as TREES CANNABIS:
● 1735 Kipling Ave, Etobicoke – (OPEN NOW)
● 76 St. Claire Ave W, Toronto – (OPEN NOW)
● 5485 Dundas St E, Etobicoke – (OPEN NOW) (Toronto's first drive-through)
● 3812A Bloor St, Etobicoke – (Summer 2021)
● 62 Overlea Blvd, Toronto – (Summer 2021)
TREES also announced the opening of Toronto's first convenient drive-through cannabis retail service at 5485 Dundas St E, Etobicoke. Customers can order online and easily pick up their order without leaving the comfort and security of their car. The speed and convenience of the service is unique in Toronto and has already proven to be widely popular among customers.
Inclusive of this Transaction, TREES holds a portfolio of 15 retail cannabis stores in Ontario, with 5 locations currently open and an additional 10 stores anticipated to open through the summer and early fall of 2021.
In British Columbia, the Company is awaiting provincial approval to close its previously announced acquisition of 8 stores (5 in Victoria, 2 in Nanaimo and 1 in Vancouver). With 3 stores currently operating, the next 2 scheduled to open later this month, and the remaining 3 scheduled to open this fall, the TREES Cannabis brand is quickly re-establishing itself in British Columbia and building on its prior legacy of respect and loyalty among the Vancouver Island cannabis community.
Upon closing of the acquisition of the British Columbia stores, the Company will own and soon operate 23 stores across Canada and anticipates further growth this year through organic store openings and strategic acquisitions.
Eat Beyond Global Holdings Inc. (CSE: EATS) (OTC: EATBF), an investment issuer focused on the global plant-based and alternative food sector, announced that it has invested in Daydream Drinks Inc. Daydream is an Ontario-based beverage company that has created Canada's first sparkling water infused with hemp extracts and adaptogens.
Daydream's hemp oil contains below 0.03% CBD and zero THC, making Daydream a non-cannabis product. Hemp and adaptogens have a range of benefits, making them a suitable option for Canadian grocery and retail stores.
Eat Beyond joins Global Edge Investments, a Toronto-based investment and management company, and other industry veterans, such as Jorn Socquet, a 14-year executive from ABinBEV, as an early-stage investor in Daydream.
"When creating Daydream, our vision was based on the fundamental principle that there was a gap in the market for something that wasn't coffee or an energy drink, but instead a healthy, plant-based alternative, with no caffeine, sugar, or artificial sweeteners," said Alex Simonelli, Founder and CEO of Daydream. "Adaptogens help the body tap into natural energy reserves to provide focus and clarity. They are also well known for balancing stress levels by supporting the endocrine system, and keeping inflammation in check."
Daydream has seen impressive growth since launching in late 2019, with year-over-year revenue jumping 550 percent in 2020. The distinct, colourful gradient cans are comfortably on pace to reach more than 1000 stores across Canada by the end of 2021, a roughly 2,300 percent increase from its debut year. Projections show Daydream is on track for another triple-digit year of revenue growth.
"Eat Beyond welcomes its first beverage company to our ever-growing food technology portf
olio. We like the idea that not only can people eat better but drink better too," Eat Beyond CEO Patrick Morris said. "Daydream has shown impressive growth in its brief history and is well-positioned to capture even more of the beverage market in the years ahead. Its unique and strong branding has positioned it well in the industry for organic, word-of-mouth growth, which is critical for any product that contains hemp as an ingredient in Canada."
HEXO Corp (TSX: HEXO) (NYSE: HEXO) today announced Purchase and Sale Agreements in relation to its first US production facility, through a wholly owned US subsidiary. The ~50,000 sq. ft. facility, located in Northern Colorado, will provide US CPGs and consumers access to the Powered by HEXO® technology.
“Signing the Purchase and Sale Agreements is an important milestone as we continue to expand into the US market. The Colorado facility will be instrumental to successfully executing on our US strategy, which includes the supply of high quality Powered by HEXO ® technology to our current and potential multinational CPG partnerships in the United States,” said HEXO CEO and co-founder Sebastien St-Louis. “The facility will provide HEXO with the necessary infrastructure to begin production and enable the Company to continue expanding our joint-venture with Molson Coors to create Truss CBD-infused beverages, while also creating the necessary capacity to support future, non-beverage CPG partnerships.”
The Colorado production facility, HEXO’s first in the US, is zoned for production of a full range of cannabinoids and offers multiple operational capabilities. The site will support Powered by HEXO initiatives across the country, in compliance with all applicable laws and regulations.
Powered by HEXO® is the trusted solution for leading CPG companies to safely enter the cannabinoid market, combining HEXO's expertise in cannabis with CPG partners’ expertise in their industries to co-develop best-in-class cannabinoid-infused products.
The closing of the transaction is subject to a due diligence period as well as usual customary closing conditions, which is anticipated in the fourth quarter.
Investor ideas reminds all listeners to read our disclaimers and disclosures on the Investorideas.com website and that this podcast is not an endorsement to buy products or services or securities. Investors are reminded all investment involves risk and possible loss of investment.
Learn more about our cannabis podcasts at https://www.investorideas.com/Audio/Potcasts.asp
To hear more Investorideas.com podcasts visit: https://www.investorideas.com/Audio/.
The Investorideas.com podcasts are also available on iTunes ( Apple Podcasts) , Audible , Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio , Google Play Music and most audio platforms available.
Potcasts is now a certified word mark Trademark on the blockchain through Cognate, Inc. CM Certification-Registration Number: 10468217708
About Investorideas.com - News that Inspires Big Investing Ideas
Investorideas.com is a recognized news source publishing third party news, research and original financial content. Learn about investing in stocks and sector trends with our news alerts, articles, podcasts and videos, looking at cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy and more. Investor Idea’s original branded content includes the following podcasts and columns : Crypto Corner , Play by Play sports and stock news column, Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast and column, Cleantech and Climate Change , Exploring Mining the AI Eye .
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp
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Thursday, May 13, 2021
Investor Ideas #Potcasts 564, #Cannabis News and #Stocks on the Move; Interview with Danny Keith, CEO of Eighth Icon - manages the #Cheech&Chong Cannabis Brands; @rickydanny @tommychong @CheechMarin
Investor Ideas #Potcasts 564, #Cannabis News and #Stocks on the Move; Interview with Danny Keith, CEO of Eighth Icon - manages the #Cheech&Chong Cannabis Brands; @rickydanny @tommychong @CheechMarin
Delta, Kelowna, BC, May 11, 2021 (Investorideas.com Newswire) www.Investorideas.com, a global news source covering leading sectors including marijuana and hemp stocks and its potcast site, www.potcasts.ca release today’s podcast edition of cannabis news and stocks to watch plus insight from thought leaders and experts.
Listen to the podcast:
https://www.investorideas.com/Audio/Podcasts/2021/051321-StocksToWatch.mp3
Read this in full at https://www.investorideas.com/news/2021/cannabis-potcasts/05131Interview-CEO-Eighth-Icon.asp
Hear the investor ideas potcast on Spotify
Hear Investor ideas cannabis potcast on iTunes
Today’s podcast overview/transcript:
Good afternoon and welcome to another episode of Investorideas.com "Potcast" featuring cannabis news, stocks to watch as well as insights from thought leaders and experts.
Today’s podcast is sponsored by Phyto Extractions Inc. (CSE:XTRX), an agricultural-scale cannabis extraction, distillation and product manufacturer located in Langley, BC at its co-located Health Canada Licensed Standard Processing (extraction, no cultivation), Sales (extracts, topicals, and edibles) through Adastra Labs Inc. and Analytical Testing Laboratory through Chemia Analytics Inc. Adastra Labs also has a pending Health Canada R&D license amendment.
In today’s podcast Investorideas interviews Danny Keith, President, Co-Founder and CEO of Eighth Icon which manages the Cheech and Chong cannabis brands, where we discussed opening Cheech and Chong Dispensoria's during COVID-19, implementing proprietary delivery technology with Cheech and Chong's Takeout, all while using the cannabis icon's Cheech and Chong's legacy of over 50 years together.
Danny Keith is a lifelong cannabis user, Chong family friend/business partner and founder of Cannabis Club TV which he recently sold in 2019. He brings decades of entrepreneurship to the company and can readily identify market trends and apply them with incredible accuracy. His career spans Action Sports, NBA, Mobile App Development, Startups, Non-Profit, Internet Ecommerce, Retail Hardtop and Social Media based businesses.
Discussing the launch of Cheech and Chong’s Takeout and their upcoming Dispensaria’s, Keith commented, “We came together about a year ago and decided to put together this company, with the intent of standing up the Cheech and Chong brands in a way that they deserved and not just a money play, but really to establish a legacy for them within the cannabis space. Whether they realize it or not, they were the pioneers of the weed “Icon” status. We saw the opportunity to bring everything into one house that is effectively able to market, distribute and sell product seed to sale, while also offering a delivery component which is what Cheech and Chong’s takeout is, and eventually the Cheech and Chong’s Dispensaria which we are the one one yard line for one of our locations, which is very exciting.”
Discussing launching during COVID-19 specifically, Keith commented, “There was no need for us to go stand up a dispensary during COVID because we didn’t have a customer base.Those dispensaries that had customer bases were able to pivot to curbside pickup, delivery, etc. For us we realized that we were going to focus on our delivery technology and on our actual flower touching products.”
Keith continued, “Respective to the delivery component, we’re not trying to become a delivery company. What we’re trying to do is to help drive delivery business to our delivery partners and to our retail partners doing delivery and in store pick up. At the end of the day we just want to be able to send traffic to our partners in our own ecosphere. The benefit of working with the Cheech and Chong brand is we have a marketing tool worth millions of dollars, We have an unfair advantage there. With our delivery component, what we're really looking to do is, utilizing technology that we’re developing, be able to understand the metrics of whats going on within our delivery business. How long are our deliveries taking? How much inventory is being held? What category is selling best? The emergence of data is what will change the cannabis space as we continue to move forward, so we are future proofing ourselves and leaning into that.”
Keith went on discuss his personal history with cannabis and Cheech and Chong, what’s next for Eight Icon, as well as his thoughts on the industry as a whole moving forward.
To find out more information about Eight Icon visit their website here
Once again, today’s podcast is sponsored by Phyto Extractions Inc. (CSE:XTRX), an agricultural-scale cannabis extraction, distillation and product manufacturer located in Langley, BC at its co-located Health Canada Licensed Standard Processing (extraction, no cultivation), Sales (extracts, topicals, and edibles) through Adastra Labs Inc. and Analytical Testing Laboratory through Chemia Analytics Inc. Adastra Labs also has a pending Health Canada R&D license amendment.
Investor ideas reminds all listeners to read our disclaimers and disclosures on the Investorideas.com website and that this podcast is not an endorsement to buy products or services or securities. Investors are reminded all investment involves risk and possible loss of investment.
Learn more about our cannabis podcasts at https://www.investorideas.com/Audio/Potcasts.asp
To hear more Investorideas.com podcasts visit: https://www.investorideas.com/Audio/.
The Investorideas.com podcasts are also available on iTunes ( Apple Podcasts) , Audible , Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio , Google Play Music and most audio platforms available.
Potcasts is now a certified word mark Trademark on the blockchain through Cognate, Inc. CM Certification-Registration Number: 10468217708
About Investorideas.com - News that Inspires Big Investing Ideas
Investorideas.com is a recognized news source publishing third party news, research and original financial content. Learn about investing in stocks and sector trends with our news alerts, articles, podcasts and videos, looking at cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy and more. Investor Idea’s original branded content includes the following podcasts and columns : Crypto Corner , Play by Play sports and stock news column, Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast and column, Cleantech and Climate Change , Exploring Mining the AI Eye .
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com
Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp
Investor Ideas does not condone the use of cannabis except where permissible by law. Our site does not possess, distribute, or sell cannabis products.
Follow us on Twitter https://twitter.com/Investorideas
Follow us on Facebook https://www.facebook.com/Investorideas
Follow us on YouTube https://www.youtube.com/c/Investorideas
Download our Mobile App for iPhone and Android
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Contact Investorideas.com
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