Thursday, June 9, 2022
Wednesday, June 8, 2022
Investor Ideas #Potcasts 634, #Cannabis News and #Stocks on the Move- Interview with CEO of IM Cannabis Corp. (NASDAQ: $IMCC)
Investor Ideas #Potcasts 634, #Cannabis News and #Stocks on the Move- Interview with CEO of IM Cannabis Corp. (NASDAQ: $IMCC)
Delta, Kelowna, BC, June 8, 2022 (Investorideas.com Newswire), investorideas.com, a global news source covering leading sectors including marijuana and hemp stocks and its potcast site release today’s podcast edition of cannabis news and stocks to watch plus insight from thought leaders and experts.
Watch the video on YouTube
https://www.youtube.com/watch?v=FvKKh_qCwys
Listen to the podcast:
https://www.investorideas.com/Audio/Podcasts/2022/060822-StocksToWatch.mp3
Read this in full at https://www.investorideas.com/news/2022/cannabis-potcasts/06081Interview-IMCC.asp
Hear Investor ideas cannabis potcast on iTunes
Hear the investor ideas potcast on Spotify
Today’s podcast overview/transcript:
In today’s podcast, Investorideas interviews Oren Shuster, CEO of IM Cannabis Corp. (NASDAQ: IMCC), where we discussed the company’s position as a multi-country operator in Germany, Canada and Israel, how each of these markets differs and synergizes as well as how IM Cannabis hopes to differentiate itself from competitors moving forward.
When asked what separates IM Cannabis Corp. from others in the cannabis space, Shuster commented, “IM Cannabis Corp is one of the first companies to produce medical cannabis, we started in 2010 in Israel, and for many years we supplied directly to patients and today we are an international company and we work in 3 of the largest legal federal markets, Canada, Germany and Israel.”
Shuster continued, “In 2010, when we started there wasn’t a market actually. In the beginning I was a bit naive and thought that it was going to cure the world and I saw the impact on patients and it was amazing and I thought it would spread and everyone would use cannabis. I was a bit naive and it took much much longer and still medical cannabis is not spread all over the world.”
When asked about some of the regulatory differences and hurdles to each of these separate markets, Shuster went on, “The Israeli market was highly regulated so from the beginning we understood that we had an advantage regarding regulations because we were coming from such a highly regulated market. So the first market we looked at entering was the E.U. market because the regulations were very similar and more than that it was the same time zone and Europe is the biggest trade partner of Israel. We had many advantages especially because for many years we supplied directly to patients and we collected a lot of data which is super important in the medical markets. We decided to go to Germany because it’s very rigid and it’s very difficult to meet the German standards, so if you can meet these standards you can work in the rest of the E.U. easily. It’s not necessarily the other way around. It’s like the gold standard I would say. We knew it would take us longer, but it’s a long term industry so if you are going to do something, do it right.”
Shuster continued, “The reason we acquired operations in Canada is because Germany is an import market. We needed high quality products for the German market but also for the Israeli market. So that’s the reason why we acquired indoor facilities of premium and ultra premium products. Now we have a complete supply chain; starting in Canada, products go to Germany and Israel, from Germany we have the hub where we can send products to Germany or the rest of the E.U. market. So now we have made a complete supply chain.”
When asked about some of the unique differences and challenges that each of these markets creates, Shuster elaborated, “The Israeli market is a very unique market because in Israel the black market is more expensive than the medical market. I’m not familiar with any other market in the world that behaves like that. The reason for this is because Israel is a small country surrounded by enemies so we have real borders with almost no smuggling of cannabis across the borders. The army is gaurding the border against terrorists so to take the risk on smuggling cannabis is not the smartest thing to do in high volume. So the supply is grown locally. Israel is a very small country and we have mostly dessert so it’s very easy to track down and monitor illegal grows. So there is high demand and not a huge supply so the prices are very high. There is also a third market which is where people buy medical cannabis and sell it back to the black market at a premium. So any cannabis user has a huge incentive to get a prescription and buy in a pharmacy. So the only reason the market isn’t exploding with users is because there aren’t enough Doctors to prescribe cannabis. I believe that the market will grow significantly once there are more openings of physicians that prescribe medical cannabis. You can think of Israel like the Michigan market. There are many similarities and I believe it will be roughly the same size as it has roughly the same population.”
Shuster continued, “Germany is a very different market. In Germany medical cannabis was very expensive but now you are starting to see prices go down. It was more than 20 EUROS per Gram and the average price on the black market was closer to 10 EUROS per gram and now you are starting to see prices go down closer to the black market. This is still very high when you do the dollar conversion. In Germany any Doctor can prescribe cannabis. You can go to the pharmacy and pay out of pocket and buy cannabis prescriptions in Germany that are being reimbursed by the insurance companies. There was a change in the market because now any pain physician that prescribes cannabis gets immediately reimbursed. So all the cannabis being prescribed by pain clinics or physicians is being reimbursed. So we are seeing this change in the market. We are waiting to see this summer what the Ministry of Health will publish. They want to do it next year but there is a strong economic pressure in Germany right now because of their energy dependence on Russia, so they think that cannabis is an excellent way to make more money with taxation.”
Last month IM Cannabs Corp. provided financial results for the three months ended March 31, 2022 with highlights such as: increased revenues of 169% year-over-year to $23.6 million, gross profit, before fair value adjustments, was $6.4 million, representing an increase of 37% from Q1 2021 and 67% sequentially as well as completing four(1) strategic acquisitions in Israel, including the country's largest retail and online pharmacy business and a trade and distribution center with an IMC-GDP license.
"We continue to progress well on our path to profitability and achieved another quarter of record revenues, which grew 169% year-over-year in the first quarter," said Oren Shuster, Chief Executive Officer of IMC. "We execute key initiatives that drive margin expansion within each of our market segments and across our operating footprint, which reflect the benefits of integrating our global model. In Israel, we work to consolidate four of the country's leading pharmacies and centralize our distribution and customer support to potentially create significant cost savings while strengthening our brand presence. We also increasingly leverage yield from our Canadian cultivation facilities for our products imported to and sold in Israel, which exhibit a gross margin profile that is nearly double that of products sourced from suppliers."
Shuster went on to discuss how IM Cannabis Corp. assesses prospective product partners and the quality of their products, how he expects each of these markets to develop and expand in the coming years as well as general trends in the International cannabis industry when it comes to the import/export market and how he expects this to expand and develop.
To find out more information about IM Cannabis Corp. visit their website here.
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.
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 Podcasts and most audio platforms available.
About Investorideas.com - News that Inspires Big Investing Ideas
Investorideas.com publishes breaking stock news, third party stock research , guest posts and original articles and podcasts in leading stock sectors. Learn about investing in stocks and get investor ideas in cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy, gaming and more. Investor Idea’s original branded content includes podcasts and columns : Crypto Corner , Play by Play sports and stock news , Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast , Cleantech and Climate Change , Exploring Mining , Betting on Gaming Stocks Podcast and the AI Eye Podcast.
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.
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Get more Cannabis Stock Investor Ideas – news, articles, podcasts and stock directory
Monday, June 6, 2022
Friday, June 3, 2022
Investor Ideas #Potcasts 633, #Cannabis News and #Stocks on the Move: Interview with CEO of CONBUD and CONBODY @conbodynyc
Investor Ideas #Potcasts 633, #Cannabis News and #Stocks on the Move: Interview with CEO of CONBUD and CONBODY @conbodynyc
Delta, Kelowna, BC, June 3, 2022 (Investorideas.com Newswire), investorideas.com, a global news source covering leading sectors including marijuana and hemp stocks and its potcast site release today’s podcast edition of cannabis news and stocks to watch plus insight from thought leaders and experts.
Watch the video on Youtube
https://www.youtube.com/watch?v=MN-LYhfLzb0
Listen to the podcast:
https://www.investorideas.com/Audio/Podcasts/2022/060322-Cannabis-CONBUD-CONBODY.mp3
Read this in full at https://www.investorideas.com/news/2022/cannabis-potcasts/06031Interview-CONBUD-CONBODY.asp
Hear Investor ideas cannabis potcast on iTunes
Hear the investor ideas potcast on Spotify
Today’s podcast overview/transcript:
In today’s podcast, Investorideas interviews Coss Marte, CEO and Founder of CONBUD and CONBODY, where we discussed Marte’s incarceration and how he developed CONBODY, how he plans to bring CONBUD to New York as well as the difficulties in starting a legal cannabis operation in New York.
Discussing how CONBODY led to CONBUD, Marte commented, “It’s been a long journey. I got into CONBUD because I saw how unfair the industry has been with rich white business owners taking over the industry, while people like myself who have actually been affected by the war on drugs, specifically cannabis, can’t take advantage of it. New York State is creating a bold move by stating that the first 200 to 300 licenses will be going to people like myself.”
When asked about his hopes for CONBUD Marte commented, “I feel so hopeful that I meet these qualifications. It’s a lot to start a business from the ground up. I feel like I can really give people a second chance, who have been in my position, and really hire people who have come out of the prison system to come work for me. It’s not going to be easy but let’s see if we can get it. We have solidified our first location now, and we are looking for another two, since the State has said we can open up three at one go.”
When asked what the biggest difference has been when it comes to hiring from within the Prison system, Marte said, “What they bring to the table is loyalty, hunger and really wanting to be part of it. My retention rate for employment has been at least 4 years and I’ve been able to hire over 50 people coming out of the prison system. Anybody who’s working with me wants to stay with us, and they may not have the technical skills or educational skills at the moment but they will work their butt off. We’ve built an incredible relationship with the parole office, where we can have a communication line open to prevent these b.s. technical violations that mess people’s lives up.”
Marte continued, “On the Parole side they don’t test for marijuana anymore. Back in the day when I was on parole, every time I went into the parole office someone was getting violated for dirty urine, and I was going every week. It’s great to see that they’re being progressive and they’ve taken that away from violating people. They’re growing with the movement. On the federal side I think it’s still so messed up that people are still getting incarcerated for marijuana while other people are becoming multi-millionaires for taking advantage of the industry.”
When asked about the illicit operations in New York and how he sees the legal market unfolding Marte commented, “I trust that the system will work. They’ve been sending a lot of cease and desist letters, and I feel like if you got one of those letters, it’s going to be really difficult to transfer over to legal work after they gave you a warning. I’m trusting the process and that New York city is going to do the right thing.”
Coss Marte recently spoke at TedxBerkeley 2022 where he went into much more detail on what it’s like to hire from prison the system and the potential of untapped talent and how this impacts his strategy for CONBUD.
Marte went on to discuss some of the crossover potential between CONBODY and CONBUD in the future, expectations for CONBUD and when he expects New York to come online, as well as the future of the industry in general.
To find out more information about CONBODY click here.
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.
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 Podcasts and most audio platforms available.
About Investorideas.com - News that Inspires Big Investing Ideas
Investorideas.com publishes breaking stock news, third party stock research , guest posts and original articles and podcasts in leading stock sectors. Learn about investing in stocks and get investor ideas in cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy, gaming and more. Investor Idea’s original branded content includes podcasts and columns : Crypto Corner , Play by Play sports and stock news , Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast , Cleantech and Climate Change , Exploring Mining , Betting on Gaming Stocks Podcast and the AI Eye Podcast.
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
Contact Investorideas.com
800 665 0411
Get more Cannabis Stock Investor Ideas – news, articles, podcasts and stock directory
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