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Delta, Kelowna, BC - February 7, 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.
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.
FSD Pharma Inc., announced today that it has completed a strategic investment of $1.5 million in Pharmastrip Corp. and signed a definitive collaboration and profit sharing agreement with the company. Under the terms of the agreement, FSD will install Pharmastrip proprietary equipment at its facility in Cobourg, Ontario. FSD will use the equipment to manufacture organic medical cannabis infused oral thin film strips. Pharmastrip will grant FSD an exclusive, perpetual license to manufacture and sell the oral thin film strips in Canada.
Zeeshan Saeed, Founder and President of FSD, commented, "FSD made this strategic investment because of the potential we see in alternative delivery methods for cannabis, such as Pharmastrip's oral thin strips. We expect the demand for alternative delivery methods for both THC and CBD to increase as the market continues to develop. We are excited to install Pharmastrip's proprietary equipment under this collaboration agreement at our Cobourg plant and look forward to beginning production once the necessary license has been granted."
Canopy Growth Corporation announced that it intends to increase its total investment in Canopy Rivers Inc. (TSXV: RIV) by $30 million (CDN). The investment will be made through a private placement of subordinated voting shares in the capital of Canopy Rivers concurrent with Canopy Rivers bought deal offering of Subordinate Voting Shares for gross proceeds of approximately $55 million. This investment is being co-led by CIBC Capital Markets and Eight Capital and is expected to close on or about February 27, 2019.
"The advantage of a strengthened Canopy Rivers/Canopy Growth relationship is that it accelerates and derisks execution for invested companies," said Bruce Linton, Founder and Co-CEO, Canopy Growth. "The strength of the Canopy Rivers team, coupled with their selective approach to business development and execution of strategic investments, creates value for shareholders and for Canopy Growth."
"By increasing Canopy Growth's investment in Canopy Rivers, we are demonstrating our interest in growing great companies, developing selective opportunities and delivering Canopy's shareholders more growth," added Linton.
Lift & Co. Corp. announced today that it has received a multi-year approval from the Alcohol and Gaming Commission of Ontario ("AGCO") Board for its new CannSell retail certification program, the only approved cannabis retail training program in the Province of Ontario. Pursuant to the Cannabis License Act and Ontario Regulation 468/18, all Ontario cannabis retail employees, holders of retail store authorizations and holders of cannabis retail manager licences, must be CannSell certified prior to legally working in the Province's cannabis retail stores.
CannSell (cannsell.ca, cannsell.ca/fr) launches on February 25, 2019 as a four-hour training program, allowing Ontario retailers plenty of time to have their staff certified ahead of the anticipated opening of cannabis retail locations in the Province on April 1, 2019.
CannSell was developed in partnership with MADD Canada, the country's leading voice on the prevention of impaired driving. Ontario retailers, licence holders and prospective employees interested in gaining employment in Canada's fast-growing cannabis industry are encouraged to visit cannsell.ca starting today to learn more about the certification.
"CannSell is the logical next step for us after already setting the retail education standard in several other Canadian provinces. We commend the AGCO for recognizing our unwavering commitment to acting as the cannabis information authority in Canada," said Matei Olaru, CEO of Lift & Co. "With Ontario representing close to 40 per cent of the Canadian population, Lift & Co. will now be forever shaping the future of the cannabis industry in Canada."
TrackLoop Analytics Corp. announced that it is signing a multi-year distribution agreement with Volta Air Technology and Thermobile, a Southern California based delivery vehicle retrofitter, focusing on refrigerated delivery vans for multiple use cases and industries, including Cannabis and Food. The agreement will open a strategic sales channel for the Company in California, enabling it to scale the delivery of logistics and cold chain tracking technology in a key target market. The California logistics market, alongside Europe and Canada, represents a US$6.2 billion opportunity for the Company.
TrackLoop's real-time supply chain platform monitors temperature-controlled and highly regulated food products (fresh & frozen) in real time, securely and cost effectively, providing an enterprise grade solution to both large and small organizations.
Thermobile specializes in insulated and refrigerated delivery vehicle systems for General Motors Company, Ford Motor Company and Nissan Motor Co Ltd. Volta Air Technology builds full electric & zero emission refrigeration units made for sustainable urban delivery vehicles. Through the partnership with Thermobile, Trackloop tracking technology is installed on delivery vehicles used by major processors and distirbuters within Cannabis value chain. Blackbird, an end user of the Trackloop platform, was recently acquired by TILT Holdings Inc. Blackbird supports more than 250 wholesale and retail cannabis operators in Nevada and California to transport an average of $30 million in wholesale cannabis products every 30 days.
The Supreme Cannabis Company, Inc. announced that the Company's wholly owned subsidiary, 7ACRES, has entered into a supply agreement with the New Brunswick Liquor Corporation to supply recreational cannabis to its retail stores and has been registered as a supplier in the province of Saskatchewan.
Saskatchewan and New Brunswick become 7ACRES' seventh and eighth provincial partners alongside British Columbia, Alberta, Manitoba, Ontario, Nova Scotia and PEI.
"We're excited to announce that 7ACRES-branded products will be available for adult-use in eight Canadian provinces coast-to-coast," said Navdeep Dhaliwal, CEO of Supreme Cannabis. "In a short amount of time, 7ACRES has won multiple awards and received overwhelmingly enthusiastic consumer feedback. Our Company has made it a priority to expand 7ACRES' domestic distribution so that more Canadians will be able to experience our High-End CannabisTM products."
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Point Roberts, WA and Delta, BC - February 7, 2019 (Investorideas.com Newswire) Investorideas.com, a leading investor news resource covering hemp and cannabis stocks releases a snapshot looking at the rapid expansion plans coming to the market after strong Q1 Financials.
Q1 2019 is turning out to be quite the boon for many cannabis companies and most are wasting little time in taking advantage of this added cash flow and planning for future expansion of their respective companies.
Aurora Cannabis Inc. (TSX: ACB.TO) (NYSE: ACB) recently provided an expected revenue range for the second quarter of the Company's Fiscal 2019; the period ended December 31, 2018, with the full results published on Monday, February 11, 2019 pre-market, followed by a conference call later that day.
Based on preliminary results, the Company anticipates revenues for Q2 2019 of between $50 million and $55 million, compared to $11.7 million for the same quarter in the prior year, and compared to $29.7 million for the previous quarter ended September 30, 2018 ("Q1 2019"). The results reflect an anticipated revenue growth rate in excess of 327% compared to Q2 2018 and in excess of 68% compared to Q1 2019.
Following the release of these results, Aurora quickly announced it has entered into a letter of intent to acquire all the issued and outstanding shares of privately held Whistler Medical Marijuana Corporation, in an all-share transaction valued at up to approximately $175 million.
Golden Developing Solutions, Inc. (OTC: DVLP), an emerging leader in the Cannabis, Hemp, and CBD marketplace, announced similar accelerating revenue growth for its "Where's Weed" division, including quarterly year over year sales growth of 149% and total Q4 revenues in excess of $300K.
DVLP CEO, Stavros Triant commented, "Frankly, our Where's Weed segment has out-performed, both in terms of financial performance and in terms of network effects. One major consequence of this latter impact is that a large and increasing number of our platform dispensaries have indicated that they would be excited by a vertical integration on our side, such that DVLP represents a one-stop-shop: marketing dispensaries, locating customers and supplying the product. We ran the math and it makes sublime sense. With the cash flow coming from that business, we can seamlessly add a powerful new segment in stride and everybody wins."
Management states that the Company plans to market both 99% pure CBD distillate and full-spectrum CBD products and to target major wholesale manufacturers and dispensaries.
Planet 13 Holdings Inc. (CSE: PLTH) (OTCQB: PLNHF), a leading vertically-integrated Nevada cannabis company, announced increased sales in January, having served an average of 1,550 customers per day in January compared to an average of 1,430 per day in December, an 8.4% increase month over month.
Bob Groesbeck, Co-CEO of Planet 13 said, "Our Medizin dispensary grew from serving an average of less than 200 people per day, to over 800 people per day over a period of two years. The Superstore has been open for three months and we are very pleased with the steady growth in customer traffic and average ticket. We expect to continue growing monthly sales as we gain traction with visitors to Las Vegas, optimize our marketing programs and perfect the customer experience. Over the rest of the year we will also be taking action to build-out some of the remaining 112,000 square feet available to us at the Superstore location, starting with a coffee shop and consumer-facing edibles and concentrates production lines."
"In our second quarter, Aphria continued strengthening its position as a premier supplier of medical and adult-use cannabis to the Canadian market, building long-term competitive advantage and developing key global opportunities," said Mr. Neufeld.
He continued, "A top priority for Aphria is expanding production and automation to secure our long-term cost and scale advantages. The Part IV and V expansions of Aphria One are now complete and awaiting Health Canada approval, while an application for a cultivation license at Aphria Diamond has been submitted and is awaiting pre-cultivation inspection. Based on this, we now expect to generate first sales from these new facilities later in the calendar year."
These strong early financials for 2019 having given the cannabis sector an added boost as each company expands to gain a stronger and larger footprint in the market. Where's weed going? The financial answer seems to be: higher and higher.
Investorideas.com is a recognized news source publishing third party news and press releases plus we create original financial content. Learn about investing in stocks and sector trends from Investorideas.com with our news alerts , articles , podcasts and videos talking about cannabis, crypto, technology including AI and IoT , mining ,sports biotech, water, renewable energy and more . Investorideas.com original branded content includes the daily Crypto Corner and Podcast, 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 Podcast and the AI Eye Podcast and column covering developments in AI.
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 investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. 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. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp. Disclosure: this news article featuring DVLP is a paid for news release on Investorideas.com – third party , Learn more about costs and our services https://www.investorideas.com/News-Upload/
Leading #Cannabis Companies Aim for Blue Chip Future - Led by Top Tier Management; (CSE: $HARV.C) (OTCQX: $HTHHF) (TSX: $TGOD.TO) (OTC: $TGODF) (CSE: $CURA.C) (OTC: $CURLF) (TSX: $APHA.TO) (NYSE: $APHA)
Point Roberts, WA and Delta, BC - February 7, 2019 (Investorideas.com Newswire) Investorideas.com, a leading investor news resource covering hemp and cannabis stocks, looks at the growing demand to fill top tier management positions as the sector enters a new era of maturity.
In a recent Forbes article, Jay Czarkowski, Co-founder of H2 Talent commented, "If I was a recruiting company and I reached out to one of these cannabis companies a few years ago, asked them for a fee and then tell them I'd find them an employee, they'd laugh. They weren't that sophisticated. Right now, there are cannabis companies that are raising $100 million in funding. They're looking for top-notch talent and not just within the industry but outside. They're willing to pay a firm like H2 Talent to find these top executives to be successful."
News of Carol Bartz, former CEO of Yahoo and Autodesk and former Cisco Board Member, joining Caliva's (one of the largest vertically integrated cannabis companies in California) Board of Directors, showcases the future of the sector.
Harvest Health & Recreation Inc. (CSE: HARV) (OTCQX: HTHHF), with one of the largest cannabis footprints in the US, holding medical cannabis licenses in nine states and having plans to continue expanding throughout the United States and abroad, is also bringing in the 'big guns' when adding to management.
Harvest recently announced the appointment of John Cochran, COO. Cochran is the former CEO of multistate cannabis company, Loudpack Inc., former CEO of Ole Smoky Distillery, former CEO of Pabst Brewing Company and former President and COO of Fiji Water Company.
"With an aggressive growth plan for 2019 and beyond, attracting a world-class executive like John to work with our talented team and lead Harvest's operations is very exciting," said Harvest CEO Steve White. "John's proven track record with some of the largest and best known multinational brands and companies will accelerate our growth as we aggressively expand into new markets. His cannabis experience is an added bonus."
The Green Organic Dutchman Holdings Ltd. (TSX:TGOD) (OTC:TGODF) headline of 'The Green Organic Dutchman Adds Deep Medical and Pharmaceutical Experience to its Board of Directors' shows the direction of the industry. The company announced the appointment of Dr. Caroline MacCallum and Jacques Dessureault to its Board of Directors.
"Dr. MacCallum's vast experience in cannabinoid research will be invaluable to TGOD," commented Brian Athaide, CEO & Director of TGOD. "She has been recognized by her peers in the medical industry as an expert in medical cannabis with a focus on dosing, which will be critical as we prepare to launch a suite of multi-dose products under the recently announced Responsible Regulation of Edible Cannabis Products in Canada," continued Athaide.
Athaide went on, saying, "Mr. Dessureault's senior executive and entrepreneurial experience in growing businesses, improving efficiency and leading research & development teams will be invaluable to TGOD. As we advance the research and development arms of our Company, including our beverage science and research division, Jacques' experience will be critical to launching new novel and innovative product lines."
Another multi-state operator, Curaleaf Holdings, Inc. (CSE: CURA) (OTCBB: CURLF) announced leadership team expansion with two new executive appointments. Neil Davidson was appointed CFO and Todd Goffman was appointed General Counsel and Secretary.
Curaleaf also announced two additional changes to further support the rapid growth of the business. Peter Clateman has been appointed EVP, Business Development, and Jonathan Faucher, EVP, Finance, will shift his focus to the business in Florida, a key growth state for the Company.
Aphria Inc. (TSX: APHA.TO) (NYSE: APHA), aiming to reestablish itself as an industry leader in the cannabis space, strategically used a key hire in December 2018, with the appointment of Irwin D. Simon as Independent Chair of Aphria's Board of Directors. Vic Neufeld, the current Chair, will remain Aphria's Chief Executive Officer and Director. Neufeld had been the target of negative media publicity and Simon's entry was a signal to the market they understood the significance of management.
Mr. Simon founded The Hain Celestial Group, Inc., a leading organic and natural products company in 1993. As Founder, President, Chief Executive Officer and Chairman, Mr. Simon lead Hain Celestial for 25 years, growing the business to approximately US$3.0 billion in net sales including operations in North America, Europe, Asia and the Middle East.
The head-hunting has only just begun as we enter 2019, a year which may define the future of this industry as this will be the first full year of recreational cannabis sales in Canada, medical sales in Massachusetts, US Hemp and CBD production, and the introduction of legal consumables in Canada.
Investorideas.com is a recognized news source publishing third party news and press releases plus we create original financial content. Learn about investing in stocks and sector trends from Investorideas.com with our news alerts , articles , podcasts and videos talking about cannabis, crypto, technology including AI and IoT , mining ,sports biotech, water, renewable energy and more . Investorideas.com original branded content includes the daily Crypto Corner and Podcast, 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 Podcast and the AI Eye Podcast and column covering developments in AI.
Disclaimer/Disclosure:: Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. 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. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp. Disclosure: this article featuring Harvest Health and Recreation Inc. is a paid for service on Investorideas.com – third party . Learn more about costs and our services https://www.investorideas.com/News-Upload/
