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Delta, Kelowna, BC - February 8, 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.
Aphria Inc. announced the appointment of Brett D. Marchand as Senior Vice President of Supply Chain effective February 11, 2019. Previously, Mr. Marchand was Vice President of Supply Chain and Logistics Canada at The Northwest Company where he was responsible for overseeing a supply network that supported 140 remote access retail grocery and general merchandise stores across Canada's North.
"I am pleased to welcome Brett, a distinguished veteran and highly accomplished leader, into the Aphria family," said Jakob Ripshtein, President of Aphria. "Brett's tenure in similar roles across a broad scale of growth-focused companies has led to an impressive record of optimizing corporate operational strategies and maximizing profitability. With the addition of leaders like Brett, Aphria continues to build bench strength that will propel the Company's growth as the cannabis industry evolves."
The Green Organic Dutchman Holdings Ltd. announced that it has secured a cannabis supply agreement with the Ontario Cannabis Retail Corporation.
"Ontario has the largest population in Canada and is a critical component to TGOD's national recreational rollout," commented Brian Athaide, Director and CEO. "This represents the first of many provincial supply agreements planned for our premium organic product as our domestic facilities near completion and production increases throughout 2019."
TGOD is the largest licensed producer of 100% certified organic cannabis in Canada. TGOD cannabis is certified by ECOCERT, one of the pre-eminent organic certification bodies in the world. Organic cannabis is grown in living soil without the use of synthetic fertilizers, pesticides or herbicides. The result is a cleaner, premium product for Canadian consumers across both medical and recreational uses.
TransCanna Holdings Inc. announced that subject to completing of the acquisition of Goodfellas Group, LLC, the company will, in addition to the branding and marketing business of Goodfellas, acquire its existing in-house brand "Simple". Simple has created as a user friendly, smart cannabis package called the Simple Kit. The Simple Kit was developed by the Goodfellas team to assist first time cannabis consumers to experience cannabis in a positive way. The Simple Kit comes with a user-friendly box as its packaging which, when opened, can be transformed into a tray. Within the box comes a child proof container/grinder, that is also waterproof and airtight, a portion of cannabis, filter tips, a cannabis scoping device and rolling papers. The Simple Kit began its preliminary introduction to dispensaries in the last quarter of 2018. As a result of the positive feedback from consumers and dispensaries during the early stage roll out, Goodfellas expects to start offering The Simple Kit to all dispensaries in California upon the completion of the sale to TransCanna.
"The Goodfellas team reversed engineered the cannabis experience and brought it back to the beginning. Our driving question within the company was how can we help and assist a consumer, who hasn't had cannabis in 30 or 40 years, begin to enjoy cannabis again. Whether it's for medicinal or recreational purposes, we believe the Simple Kit is an ideal product to help anyone start enjoying cannabis," states Nam Tran, Managing Member of GoodFellas.
Indiva Limited also announced its first supply agreement with the Ontario Cannabis Retail Corporation ("OCRC"), doing business as the Ontario Cannabis Store ("OCS").
This initial partnership will consist of two strains of pre-rolls, manufactured and shipped with care from Indiva's London, Ontario facility. The products will be available on OCS.ca and to OCS Wholesale clients starting in April 2019.
"We are thrilled to be one of the first licensed producers that will have products on OCS shelves in time for the grand opening of all Ontario stores April 1st," said Niel Marotta, President and CEO of Indiva. "I'm very thankful for our team's hard work in getting Indiva to this milestone."
Weekend Unlimited, a cannabis lifestyle company, is now the lucky owner of the most sought after symbol in the cannabis sector. For years, the ticker symbol "POT" was the property of Saskatchewan-based PotashCorp, but after PotashCorp merged with Agrium last year, the symbol became available at the end of a one-year period. Due to unprecedented demand by cannabis companies to use the ticker symbol POT, a consortium of Canadian stock exchanges decided to award the symbol via a lottery.
Effective February 4th, Weekend Unlimited will be retiring its old symbol "YOLO" and will begin trading as "POT" on the Canadian Securities Exchange.
Paul Chu, President and CEO of Weekend Unlimited, stated: "Weekend Unlimited is thrilled to add the iconic POT trading symbol to its identity. As a fast-growing multi-state operator, Weekend Unlimited is developing lifestyle brands around recreational and wellness to help define the future of the cannabis industry. The POT symbol is a tremendous fit with our brand identity. There has been tremendous excitement generated globally for the POT symbol. The POT lottery served to raise the profile of Canada's leadership in legal recreational cannabis and we believe it will also serve to raise Weekend Unlimited's leadership profile."
Weekend Unlimited is capitalizing on its vast industry relationships to establish a lifestyle brand featuring premium products and delivering life's highest moments. The company aggregates and scales small to medium brands, primarily in the categories of flower, extracts and edibles and has acquired and announced the intent to acquire brands in Jamaica, California, Washington State, Alberta and British Columbia.
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Point Roberts WA, Delta, BC – February 8th, 2019 - Investorideas.com, a
leading investor news resource covering hemp and cannabis stocks releases a
snapshot reporting on the CBD market As it grows, branding becomes essential to
companies hoping to stand out.
According to Brightfield Group analysts, the CBD market is expected to
hit $22 billion by 2022, overtaking the cannabis market with $20 billion by 2020.
This is good news for most companies in the sector, but it also adds to market
saturation, which means brand awareness may be the only way to stay ahead of
the pack.
Tilray, Inc. (NASDAQ: TLRY) announced in January that they have signed
a long-term revenue-sharing agreement with Authentic Brands Group to market and
distribute a portfolio of consumer cannabis products within ABG’s brand
portfolio.
The parties will leverage ABG’s portfolio of brands to
develop, market and distribute consumer cannabis products around the world, as
and where legal, with an immediate focus on opportunities, including CBD, in
Canada and the US, subject to applicable and brand appropriate regulations.
Daniel W. Dienst, ABG Executive Vice Chairman said,
“Tilray’s unyielding focus on science, product quality, operational excellence
and innovation has allowed them to quickly emerge as a leader in the cannabis
industry. We see the extraordinary potential for cannabis in the fast-growing
health and wellness category - particularly for CBD products in the United
States and around the world - and are excited about this long-term
partnership.”
GGB Beauty LLC, a subsidiary of Green Growth Brands Inc. (CSE:GGB) (OTCQB:GGBXF) announced yesterday that it will also be working with Authentic
Brands Group and the Greg Norman brand. The Agreement is to develop a line of
CBD infused personal care products designed for active adult men and women. As
part of this arrangement, the Company will be working with Tilray Inc. as the
preferred supplier of the CBD ingredients to be used in these products.
This is the latest in a series of new developments
related to GGB's pipeline of value-creating initiatives and strategic
partnerships, including its recent distribution agreement with DSW Inc. Through
its subsidiary GGB Beauty, GGB is well-positioned to maximize opportunities in
the emerging CBD market following the recently adopted 2018 US Farm Bill.
Though not focused solely on CBD, The Supreme Cannabis Company, Inc. (TSXV: FIRE.V) (OTCQX: SPRWF) has made their brand through their
wholly-owned subsidiary, 7ACRES.
In September 2018,7ACRES entered into a supply agreement to
provide dried cannabis to Tilray Canada Ltd., a subsidiary of Tilray Inc. (NASDAQ: TLRY), estimated to be in excess of
C$2 million.
7ACRES was recognized as the ‘Brand of the Year’ at the 2018 Canadian
Cannabis Awards presented by Lift & Co.
The Canadian Cannabis Awards celebrates Canadian cannabis,
distinguishing the people, companies, and products that make it great. 7ACRES
was selected by a panel of industry professionals across a variety of sectors
in the cannabis space. The award recognizes the enormous effort behind creating
a brand, strategy, culture, image, and impact that resonates in the public
consciousness.
"We are extremely honored to have been recognized as Brand of the
Year by the Canadian Cannabis Awards. The Team at 7ACRES works incredibly hard
and are very proud of the products and the culture we have cultivated since day
one," said John Fowler, President & Founder of Supreme Cannabis.
"Since our founding, our organization has been dedicated to ensuring the
highest quality product and innovation, developing an industry-leading team,
and incredible corporate culture."
With so much focus on the US and Canada, we can sometimes forget that
cannabis is a global industry, a fact Khiron Life Sciences Corp. (TSXV: KHRN.V), (OTCQB: KHRNF) isn’t ignoring. Khiron and Dixie Brands Inc. recently signed a binding letter of intent to establish a 50/50
joint venture to introduce a full line of cannabis-infused products to the
Latin American market. Dixie will also manufacture and distribute Khiron's
Kuida® brand of CBD-based cosmeceuticals in the United States, targeting the
growing Hispanic population, estimated at almost 60 million.
By combining Dixie's market-ready portfolio of cannabis-infused products
with Khiron's established footprint throughout Latin America, a 620 million
person market, the companies aim to capture first-mover advantage and establish
leadership in one of the world's fastest-growing cannabis markets. The
agreement also creates a framework for the development of new products and
brands tailored to Latin America, allowing Dixie and Khiron to take full
advantage of opportunities resulting from cannabis legalization throughout the
region.
Brand awareness will become essential for first market movers over the
coming months as CBD continues to gain traction. By this time next year,
companies like Green
Growth Brands or Tilray could aim to have their brands become
as familiar to consumers as Coca-Cola or Budweiser.
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 ,
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Corner and Podcast,Play by Play sports and stock news column,Investor
Ideas #Potcasts #Cannabis News and Stocks on the Move podcast and
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Podcast and theAI Eye Podcast and column covering
developments in AI.
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products or securities. All investment involves risk and possible loss of
investment. This site is currently compensated for news publication and
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each company directly regarding content and press release questions. Disclosure
is posted for each compensated news release, content published /created if
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investors must adhere to regulations of each country.
First Quarter Shows Strong Future Ahead in the #Cannabis Sector; (TSX: $ACB.TO) (NYSE: $ACB) (OTC: $DVLP) (CSE: $PLTH.C) (OTC: $PLNHF) (TSX: $APHA.TO) (NYSE: $APHA)
Point Roberts, WA and Delta, BC - February 8, 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/
