Investor Ideas Potcasts #Cannabis News and Stocks on the Move: (CSE: $CURA.C) (TSXV: $GENE.V) (TSXV: $GTEC.V) (CSE: $NF.C) (OTCQB: $HLIX)
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Delta, Kelowna, BC - November 16, 2018 (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 and its exclusive content partner, CLS Holdings USA, Inc. (OTCQB: CLSH), release today's edition of Investorideas.com potcastsCM - cannabis news and stocks to watch plus insight from thought leaders and experts.
Cannabis Life Sciences a diversified cannabis company operating as Cannabis Life Sciences and an integrated cannabis producer and retailer in Nevada through its Oasis Cannabis subsidiaries will be showcasing at MJBizCon this week in Las Vegas from November 14-16th.
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Investor Ideas Potcasts #Cannabis News and Stocks on the Move: (CSE: $CURA.C) (TSXV: $GENE.V) (TSXV: $GTEC.V) (CSE: $NF.C) (OTCQB: $HLIX)
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Today's podcast overview/transcript:
Good afternoon, welcome to another Investorideas.com "potcast", featuring stocks to watch, cannabis news as well as insights from thought leaders and experts.
Today we will be looking at announcements from Curaleaf Holdings, Inc. (CSE: CURA), Invictus MD Strategies (TSXV:GENE)(OTC:IVITF), GTEC Holdings Ltd. (TSXV: GTEC)(OTC: GGTTF), New Age Brands Inc. (CSE:NF) (OTC:NWGFF) and Helix TCS, Inc. (OTCQB: HLIX).
Curaleaf Holdings, Inc., a leading vertically integrated cannabis operator in the United States, announced today that the Company has opened Tallahassee's largest medical marijuana dispensary in the community's Midtown area. As the state approaches 150,000 registered medical marijuana patients, Curaleaf is opening its 16th medical marijuana dispensary in Florida. Curaleaf's nationwide retail footprint is now 31 dispensaries.
Over 6400 square feet, Curaleaf's first dispensary in Tallahassee offers patients its premium medical marijuana products in a spacious, comfortable environment that includes private consultation rooms. In addition, Curaleaf now offers free daily delivery service throughout the Panhandle region.
"It has now been 2 years since Florida's voters approved medical marijuana in the state, during which time our team at Curaleaf has been dedicated to ensuring patients have access to this life-changing treatment," said Curaleaf Florida President, Lindsay Jones. "Our presence in Tallahassee allows us to offer free daily medical marijuana delivery service to Florida's 150,000 active patients."
GTEC Holdings Ltd. announced that it has entered into a non-binding Letter of Intent with Invictus MD Strategies for the acquisition by Invictus of all of the issued and outstanding shares in the capital of GTEC in an all-share transaction valued at approximately $100 million, forming Western Canada's largest indoor vertically integrated cannabis company.
Under the terms of the proposed Transaction, holders of GTEC common shares will receive approximately 40% of the issued and outstanding shares of Invictus post-closing. Concurrently with the closing of the Transaction, the holders of options and warrants in the capital of GTEC will receive a proportionate number of options and warrants of Invictus.
Assuming completion of the Transaction, the issuance of Invictus shares to the current GTEC shareholders represents an approximate 25% premium to the 30-day volume weighted average trading price of the common shares of both GTEC and Invictus on the TSX Venture Exchange as of November 15, 2018.
The Transaction would produce assets such as 400,000 square feet of funded purpose-built indoor cultivation which spans across British Columbia, Alberta and Ontario; a robust and diverse range of products and brands, complemented with a genetic portfolio of over 80 strains; an EU-GMP certified facility to meet the rigorous requirements of the European Union markets; 30+ retail stores located across British Columbia, Alberta and Saskatchewan; an e-commerce website to service the non-medical market in Saskatchewan; two purpose-built state of the art extraction labs; an analytical testing lab; and a combined senior management team with pedigree from some of the world's largest food & beverage, wine & spirits and tobacco companies, including Phillip Morris International, Diageo Plc and Saputo Inc.
For the six months ended July 31, 2018, Invictus generated unaudited revenue and net loss before income tax, depreciation and amortization of $1.8 million and $9.3 million, respectively. Invictus had $10.7 million in cash as at July 31, 2018. For the nine months ended August 31, 2018, GTEC had no revenue and unaudited net loss before income tax, depreciation and amortization of $7.2 million. GTEC had $4.4 million in cash as at August 31, 2018.
"As we now see the cannabis industry shift into non-medical use in Canada, and further medical markets expanding globally, this merger is synergistic and complementary. Combined, we offer a much stronger team with aligned visions on executing a pathway to become a global leader within the cannabis industry," said Norton Singhavon, Chairman and CEO of GTEC.
New Age Brands Inc. announced that its wholly owned subsidiary, Drink Fresh Water, LLC, has entered into an agreement with the world's first cannabis museum "Cannabition" which is located on the Las Vegas Strip in Las Vegas, Nevada. Cannabition is the world's only immersive Cannabis museum where tourists can learn about the history of cannabis, while enjoying some of their attractions, including the world's largest bong. Visitors are not allowed to consume Cannabis while on-site, however they can purchase various amount of CBD products, including Fresh Water, the company's Hemp derived CBD nano amplified alkaline water.
"With the legalization of Cannabis in Nevada, USA, tourists from around the world are coming to see this museum", said Josh Bartch, CEO of the Company. "We are thrilled that Drink Fresh Water has the exclusive right to sell our Fresh Water in the museum, which will help to increase the growth and brand awareness of Drink Fresh Water."
Helix TCS, Inc., a leading provider of ancillary services for the legal cannabis industry, announced its third quarter 2018 financial results today. Highlights of the third quarter compared to the same quarter a year ago included total revenues which increased 176% to $3.1 million, a gross profit of $1.2 million, a 40% gross margin, the closing of the acquisition of Argentine software development firm and BioTrackTHC completing a SOC 2 security audit to became the first seed-to-sale firm to complete a financial statement audit.
"The third quarter results are a clear demonstration that we are continuing to execute on our strategic vision. BioTrackTHC is already benefiting from the increased capabilities of our technology development platform and we continued to improve margins as well as sales," Zachary L. Venegas, Helix's CEO, commented. "The strategic value of the BioTrackTHC acquisition expanded our global service footprint while helping to drive a healthy consolidated gross margin of 40%."
Venegas added "We enjoy a strong pipeline of new business opportunities in both the U.S. and internationally as we keep pace with expansion of the global legal cannabis market." We are more confident than ever in our competitive and strategic position."
This podcast is in partnership with featured sponsor CLS Holdings USA, Inc. (OTCQB:CLSH) - more info and details can be found at our disclaimer and disclosure page at Investorideas.com
Investor ideas reminds all listeners to read our disclaimers and disclosures on the Investorideas.com website and 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
This podcast is sponsored by
CLS Holdings USA, Inc. (OTCQB: CLSH)
CLS Holdings USA, Inc. (CLSH) is a diversified cannabis company that, subject to receipt of certain anticipated regulatory approvals, acts as an integrated cannabis producer and retailer through its Oasis Cannabis subsidiaries in Nevada, and plans to expand to other states.
CLS stands for "Cannabis Life Sciences," in recognition of the Company's patented proprietary method of extracting various cannabinoids from the marijuana plant and converting them into products with a higher level of quality and consistency. The Company's business model includes licensing operations, processing operations, processing facilities, sale of products, brand creation and consulting services.
For additional information, please visit: http://www.clsholdingsinc.com
Twitter: @CLSHusa
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