Investor Ideas Potcasts #Cannabis News and Stocks on the Move: (TSX.V: $PURE.V) (OTC: $PRCNF) (CSE: $TOOL.C) (OTCPK: $TLOOF) (CSE: $SAFE) (TSX.V: $HEMP.V) (TSX: $APHA.TO) (NYSE: $APHA)
Delta, Kelowna, BC - January 23, 2019 (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 edition of Investorideas.com potcastsCM - cannabis news and stocks to watch plus insight from thought leaders and experts.
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Investor Ideas Potcasts #Cannabis News and Stocks on the Move: (TSX.V: $PURE.V) (OTC: $PRCNF) (CSE: $TOOL.C) (OTCPK: $TLOOF) (CSE: $SAFE) (TSX.V: $HEMP.V) (TSX: $APHA.TO) (NYSE: $APHA)
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Today's podcast overview/transcript:
Good afternoon and welcome to another Investorideas.com "potcast", looking at cannabis news, stocks to watch as well as insights from thought leaders and experts.
Today we are looking at announcements from Pure Global Cannabis Inc. (TSX.V:PURE) (OTC: PRCNF), Trackloop Analytics Corp. (CSE: TOOL) (OTCPK: TLOOF), 3 Sixty Risk Solutions Ltd. (CSE: SAFE), Hempco Food and Fiber Inc. (TSX.V: HEMP) and Aphria Inc. (TSX:APHA) (NYSE:APHA).
Pure Global Cannabis Inc. an integrated, growth-oriented life sciences and cannabis consumer products company, through its operating subsidiary PureSinse Inc.,announced the launch of its e-store at PureSinse.com, subsequent to receiving its Sales License from Health Canada on January 11, 2019. The online store is ready to service physicians and register medical cannabis patients from across Canada who hold a valid medical document. Once registered, patients can purchase quality tested premium legal cannabis products from PureSinse for secure discreet courier delivery.
"We are excited to open our PureSinse e-store and start servicing the medical community which we feel is hugely underserviced," said Malay Panchal, President and CEO of Pure Global. "Our site is robust, user-friendly, easy to navigate, and we have many patients already pre-registered. It offers an optimal user experience, with enhancements to follow that will offer more education and clinical material. This is the start of revenue generation for the company as we strive towards servicing thousands of patients by year end," added Mr. Panchal.
As a Health Canada approved licensed producer, PureSinse will continue to add quality cannabis products to the eStore as they become available. Currently the company is licensed to sell dried flower and will be adding oils and oil derivative products upon receiving further Health Canada approvals. PureSinse products are made with sustainable and recyclable packaging, and strive to adopt sustainable methods throughout its production, processing, operating, and packaging methodology. Registered patients will receive expedited delivery and free home shipping for purchases over $100 CAD.
Trackloop Analytics Corp. announced that it has become a verified California METRC software vendor, with its fully functional API integrated with the State mandated compliance platform. Trackloop is the first company with a cold chain tracking solution to be approved by METRC. The Company's platform enables the instant and automated recording of all transactions, quality control, deliveries and movement of products. In addition, Trackloop's solution offers native scheduling and API integration with other scheduling platforms, alongside its flagship cold chain module. No other METRC approved vendor in California has these capabilities in a single, integrated solution.
METRC is the State of California's 'track-and-trace' system used to track commercial cannabis activity and movement across the distribution chain ("seed-to-sale"). Reporting to METRC is major requirement of licensed producers and distributors in the State and is mandated by the California Department of Food & Agriculture, alongside the California Bureau of Cannabis Control and the Manufactured Cannabis Safety Branch. METRC compliance and reporting is required by every stakeholder along the supply chain including cultivators, manufacturers, retailers, distributors, testing laboratories and microbusinesses.
Trackloop is looking beyond Cannabis industry, expanding its existing business in the food and perishables industry. The Company is currently looking at building its sales channels in California and working with other end-user vendors in the vehicle retrofitting space. At the same time, Trackloop is in the process of METRC approval in multiple other jurisdictions in the US.
3 Sixty Risk Solutions Ltd. announced that the Company, which operates through its wholly-owned subsidiary, 3 Sixty Secure Corp., is supporting the Ontario Cannabis Store ("OCS"), which focuses on providing safe and responsible access to cannabis in Ontario. 3Sixty has entered into a multiyear agreement with OCS to provide secure transport services which contribute to the safe delivery of cannabis products within the OCS distribution network.
"I am extremely pleased that we were selected by OCS to provide security services and to contribute to safe and responsible access to cannabis in Ontario," said Thomas Gerstenecker, CEO and Founder of 3Sixty. "We believe that our agreement with OCS highlights the world-class quality of our security services and the impressive pedigree of our customer base. We continue to seek new services to offer to our existing customers and we are looking beyond our borders for geographic expansion opportunities that allow us to export our expertise across Canada, the US and internationally as we seek organic growth and consider disciplined M&A opportunities to accelerate growth."
Hempco Food and Fiber Inc. (TSX.V: HEMP) announced its Q1 2019 results for the period ending November 30, 2018.
Some of their Operational and Strategic Highlights were:
- Revenues increased by 47% over the same period in fiscal 2018 and a 175% sequential increase over the previous quarter. Revenue growth was due to execution of the Company's recently announced 5-Prong strategy, including entering into new international markets (e.g New Zealand), and the development of new distribution channels (the Company added distributors in Ontario and Quebec). While bulk sales continued to be the largest contributor to revenue, at 76% of sales for the quarter, the Company's premium consumer packaged goods ("CPG") brands, PLANET HEMP™ for consumers and PRAISE for the animal food supplement market, showed strong momentum and now account for 24% of revenues in the quarter, up from the 21% for fiscal 2018.
- The Company is progressing well with the commissioning of its new 56,000 square foot, 2.88 million kg/year, hemp-seed processing facility in Nisku, Alberta. The Company anticipates further product diversification from its Nisku plant upon commissioning of its industrial fiber processing line, expected for the current calendar quarter. The Nisku facility enables the production of bulk hemp products such as hemp seed protein, hulled hemp seeds, animal hemp supplements, hurd and fiber, and allows for further portfolio expansion of the Company's higher margin CPG product lines under the Company's premium brands PLANET HEMP™ and PRAISE.
- The historic passing of the U.S. 2018 Farm Bill means hemp is no longer considered an illegal substance in the U.S. As well, the FDA recently classified hulled hemp seeds, hemp seed protein and hemp seed oil as 'Generally Recognized as Safe' (GRAS) for human consumption. This means hemp products not containing CBD can now legally be marketed in human foods without seeking prior food-additive approval. Based on these significant changes, Hempco anticipates market opportunities to expand for all its product categories within the U.S.
- Significant distribution partners were established during the quarter in both Ontario and Quebec for PLANET HEMP Superfood™, as well, a first order from a major New Zealand importer was completed successfully. Hempco participated in the Supply West Trade Show in Las Vegas to build awareness and pursue new bulk customers. Hempco will continue to seek out new opportunities to deepen its market penetration as it remains focused on the execution of its 5-Prong Strategy.
- Aurora Cannabis Inc. now holds 52% of the issued and outstanding Hempco common shares. Aurora holds a $5 million debenture of which the principle amount could be converted into 4.2 million Hempco shares. Upon conversion, Aurora's ownership interest in Hempco would increase to 55%.
"We achieved a marked improvement in our quarterly performance as compared to both the previous quarter and the prior year's quarter, resulting directly from the successful execution of our 5-Prong Strategy," said Diane Jang, CEO. "Hempco has built a solid foundation for expansion of its premium CPG product lines PLANET HEMP™, and PRAISE. We see further opportunities to grow our bulk hemp product segment by entering new growth markets. The passing of the Farm Bill in the U.S. creates additional opportunities for Hempco to accelerate development of our hemp product lines in the U.S. Lastly, with our Nisku plant being commissioned and anticipated to become fully operational shortly, we will be able to support the major sales channels we have and new sales developments, both with existing and new products."
Aphria Inc. today confirmed that Green Growth Brands Inc. has commenced an unsolicited take-over bid to acquire all outstanding common shares of the Company, other than the common shares of the Company owned by GGB or its affiliates, in exchange for 1.5714 common shares of GGB.
Aphria shareholders are advised to take no action on the Offer until Aphria's Board of Directors has made a formal recommendation to shareholders. Having received the Offer, the independent committee of Aphria directors will consider it with its advisors before making a formal recommendation to Aphria's Board of Directors. Shareholders will be notified of any recommendation of the Board of Directors through a news release and Directors' Circular in accordance with applicable securities laws. Shareholders are also encouraged to visit AphriaFuture.ca for more information.
The Company noted that the Offer's terms are substantially identical to the unsolicited proposal announced by GGB on December 27, 2018. At that time, the Aphria Board stated that it had determined that GGB's unsolicited proposal significantly undervalued the Company relative to its current and future value. Based on the 20-day volume weighted average price of GGB shares before GGB's initial proposal and the expressed exchange ratio of 1.5714 common shares of GGB for each Aphria share, the Offer reflects a discount of -23% to the Company's average share price over the same period.
Irwin Simon, Aphria's independent Board Chair, said, "Aphria is a market leader and has a tremendous opportunity to create substantial value for shareholders. Any offer would necessarily need to be evaluated against the current and future value of our current strategic plan. We are also determined to protect Aphria shareholders from opportunistic offers that fail to reflect the substantial value and growth prospects we have built at Aphria. We will evaluate GGB's offer in this spirit."
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