Friday, September 6, 2019

Investor Ideas #Potcasts; #Cannabis News and #Stocks on the Move: (CSE: $TRUL.C) (TSX: $TRST.TO) (CSE: $PLTH.C) (CSE: $HITI.C)


Investor Ideas #Potcasts; #Cannabis News and #Stocks on the Move: (CSE: $TRUL.C) (TSX: $TRST.TO) (CSE: $PLTH.C) (CSE: $HITI.C)



Delta, Kelowna, BC –September 6, 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.

Listen to the podcast:



Today's podcast overview/transcript

Good afternoon and welcome to another episode of Investorideas.com "Potcast" featuring cannabis news, stocks to watch as well as insights from thought leaders and experts

In today’s podcast we look at a few early announcements.

Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF), announced that in response to the catastrophic damage left behind by Hurricane Dorian in the Bahamas and the southeastern US seaboard, the company has launched a statewide relief effort to help the affected areas as they recover from the storm's wake.

Through its established statewide distribution system, Trulieve will be accepting donations of necessary and critical supplies at each of their 31 Florida locations. Requested items include, but are not limited to: water, non-perishable foods, first aid items, batteries, baby food and formula, diapers, cleaning supplies, toiletries, pet food, and more. These items will be distributed directly to those in need in partnership with third-party relief organizations.

"After experiencing Michael and seeing the devastation left behind in our own state last year, we understand all too well the need that people affected by Dorian are facing. Our communities were eager to step up last year to help us rebuild and we are fortunate to be able to help organize a collection drive to help efforts again this year," said Trulieve CEO Kim Rivers. "Our statewide distribution system is in place and will be collecting supplies from each store, which will be delivered to the communities in need through local relief organizations. We aim to help as many people affected by Hurricane Dorian as possible."

CannTrust Holdings Inc. (TSX: TRST) (NYSE: CTSTannounced that both the Special Committee of its Board and its new executive leadership team continue to make progress on bringing CannTrust's operations and procedures into full regulatory compliance and ensuring the Company's future. As part of these efforts, the Company is reducing its workforce.

"We have made the extremely difficult decision to restructure our workforce to reflect the current requirements of our business," said Mr. Robert Marcovitch, CannTrust's interim Chief Executive Officer.  "These changes also position the Company to better serve our patients and customers with high quality, innovative products in the future."

CannTrust reduced its workforce by approximately 180 people, or 20%. This action is expected to result in annual cash savings of about $9 million, as well as the Company recording approximately $2 million in severance costs.  The majority of the affected employees were in cultivation and customer service support roles.

"Over the past two months, we have moved swiftly to assess and address the Health Canada report indicating areas of non-compliance in our operations, as well as the findings of the Special Committee's independent investigation," continued Mr. Marcovitch. "We remain fully committed to building the organization we need for future success and rebuilding the trust of all of our stakeholders."

"CannTrust is committed to acting decisively on the findings from the Special Committee's investigation and on executing its Remediation Plan in a timely manner," concluded Mr. Marcovitch.   "Furthermore, we are currently developing a comprehensive go-forward business strategy. I look forward to sharing our vision for CannTrust's successful future over the weeks and months to come."

Planet 13 Holdings Inc. (CSE: PLTH) (OTCQX: PLNHF) announced that the Cannabition Cannabis Museum has entered into a lease with Planet 13 to be part of the Las Vegas Cannabis Entertainment Complex.  Cannabition previously operated a 10,500 sq. ft. cannabis-themed immersive art museum in Las Vegas featuring more than 20 unique, cannabis inspired installations that celebrate the art, culture and history of the medical and recreational cannabis experience. For more details on Cannabition please visit https://cannabition.comTo view Cannabition's plans for the SuperStore please visit here.
"Cannabition's multi-level immersive cannabis art museum fits perfectly with the SuperStore mission to create an interactive and differentiated cannabis-based experience," said Larry Scheffler Co-CEO of Planet 13. "The SuperStore's addition of a CafĂ©, Pizzeria, event center, customer facing production facility, and now Cannabition will continue to cement the SuperStore's reputation as a one-of-a-kind shopping and entertainment destination in Las Vegas.  Creating an experience that no dispensary in the world can replicate."    
J.J. Walker, Founder of Cannabition added, "The SuperStore, which already hosts over 3,000 cannabis enthusiasts per day, is the perfect location to bring Cannabition to a huge new audience and to be a part of the premier cannabis destination in the world. Our interactive cannabis-themed art museum has been featured on CNN, Conan O'Brian, and CNBC and I know Planet 13 visitors will love our immersive exhibits, innovative event space and curated retail store."         
The lease is for a five-year term, with an option to extend for an additional three years. As of the date of this press release, the anticipated size of the Cannabition premises is 7,000 square feet.  Although the final opening date remains subject to obtaining regulatory approvals in Nevada, the parties anticipate that the facility will open in Q2 of 2020.

High Tide Inc. (CSE:HITI) (OTCQB:HITIFannounced that the Canna Cabana retail stores located in Unit #610 at 20 Crowfoot Crescent NW in Calgary and at 4806 50 Avenue in Vegreville both received their first deliveries of cannabis products from Alberta Gaming, Liquor and Cannabis ("AGLC") and has begun selling recreational cannabis for adult use.
Grand opening festivities will be held at each of the New Stores on Saturday, September 7. The Company currently has 23 branded Canna Cabana locations selling recreational cannabis products across Canada, inclusive of the New Stores.

High Tide's next Canna Cabana location is licensed and expected to be operating as a retail cannabis store by mid-September. With the opening of the first KushBar location in the coming weeks, the Company will soon have 25 branded retail cannabis locations across Canada, barring any changes to the current rate of licensing by AGLC.

 "Our company continues to execute on its growth plans by adding a great location in northwest Calgary while expanding into the new market of Vegreville," said Raj Grover, President and Chief Executive Officer of High Tide. "With every new store we are solidifying Canna Cabana as Canada's favourite retail cannabis brand, which is becoming clear from our top-ranked customer reviews," added Mr. Grover.

The remaining Canna Cabana and KushBar stores needed to achieve the AGLC's maximum of 15% market share are currently under various stages of development and construction. Outside of Alberta, High Tide currently has a Canna Cabana retail cannabis store in Swift Current, Saskatchewan, along with 3 branded locations in Hamilton, Sudbury and Toronto, Ontario.

Potcast Sponsor
Today’s podcast was sponsored by CBDollars. CBDollars is the first group of its kind designed to turn everyday people into entrepreneurs of one the largest, most profitable industries that will ever happen in this country. CBDollars will teach its members how to invest in the cannabis industry through stocks, ETFs, and as Angel Investors; start a wholesale store for a brick and mortar business; start an online store as a dropshipper;  private label your own products from edibles to beauty & More. Join CBDOLLARS to lean more. Follow us on Facebook




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   


Subscribe to the new cannabis podcast series:


To hear more Investorideas.com podcasts visit: https://www.investorideas.com/Audio/.
Investorideas.com podcasts are also available on iTunes,  Spotify, Google Play Music, Stitcher, Spreaker,   YouTube via Spreaker,  iHeartradio and Tunein.

Potcasts is now a certified word mark Trademark on the blockchain through Cognate, Inc. CM Certification-Registration Number: 10468217708

About Investorideas.com - News that Inspires Big Investing Ideas
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 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. Today’s podcast was sponsored by CBDollars.
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
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Investorideas.com - New Demands in Cannabis Industry are beginning to Generate Revenue for Ancillary Providers (OTC: $GOHE) (OTCQB: $MCOA) (OTC: $KSHB) (OTCQB: $MRMD)

Investorideas.com - New Demands in Cannabis Industry are beginning to Generate Revenue for Ancillary Providers (OTC: $GOHE) (OTCQB: $MCOA) (OTC: $KSHB) (OTCQB: $MRMD)

Thursday, September 5, 2019

Investorideas.com - Cannabis Stock News: Spyder Cannabis (TSXV: SPDR.V) Continues US Expansion through Specialty License Agreement in Florida with Palm Beach Outlets

Investorideas.com - Cannabis Stock News: Spyder Cannabis (TSXV: SPDR.V) Continues US Expansion through Specialty License Agreement in Florida with Palm Beach Outlets

Investor Ideas #Potcasts; #Cannabis News and #Stocks on the Move: (TSX: $WBR.TO) (TSX: $APHA.TO) (CSE: $PVOT.C) (TSXV: $ENW.V) (NYSE: $THCX)

Investor Ideas #Potcasts; #Cannabis News and #Stocks on the Move: (TSX: $WBR.TO) (TSX: $APHA.TO) (CSE: $PVOT.C) (TSXV: $ENW.V) (NYSE: $THCX)



Delta, Kelowna, BC –September 5, 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.

Listen to the podcast:



Today's podcast overview/transcript

Good afternoon and welcome to another episode of Investorideas.com "Potcast" featuring cannabis news, stocks to watch as well as insights from thought leaders and experts

In today’s podcast we look at a few early announcements.

Waterloo Brewing Ltd. (TSX: WBR), Ontario's first Craft Brewery, announced financial results for the second quarter ended July 28, 2019. Waterloo Brewing reported EBITDA of $3.6 million on net revenue of $17.0 million.

"We are extremely pleased with our overall second-quarter results.  The incremental investment in our brands resulted in strong volume growth, enhanced revenue, margin expansion, and improved EBITDA performance.  Despite the 3.4% drop in overall Ontario beer industry volume, the Laker family grew 12% and our summer-themed brands LandShark® and Margaritaville® grew 14%,`` commented George Croft, President, and Chief Executive Officer.

"Our warehouse expansion, cannabis-infused beverage facility, non-alcoholic beer equipment, and new Small Batch Brewhouse / Taphouse are all on schedule and on budget.  We are unbelievably excited about the impacts that these projects will bring to the organization in terms of new capacity, new capabilities, and product innovation", commented Russell Tabata, Chief Operating Officer.

Solid top-line revenue growth of 5.8% delivered positive margin recovery in the second quarter.  Despite the negative pressure caused by competitive pricing and increased taxes, margins have returned to a plus 30% level. "Co-pack continues to be a strong and healthy part of the business and continues to generate incremental cash flow. YTD the business has grown 9.7% and we expect strong growth for the balance of the year," commented George Croft.

Waterloo Brewing's board of directors has approved the quarterly dividend at $0.025/share.  The dividend is payable on October 30, 2019, to shareholders of record as of October 16, 2019.

Aphria Inc. (TSX: APHA(NYSE: APHA) and TruTrace Technologies Inc. (CSE: TTT) (OTCQB: TTTSF) today announced that Aphria has joined Phase 2 of the Shoppers Drug Mart medical cannabis verification pilot program. The blockchain-secured Pilot Program is specifically designed to increase transparency, interoperability and product identification within the medical cannabis industry.

The Pilot Program uses TruTrace's StrainSecure™ technology as a central hub for identity management, asset tracking, validation, and product authentication. StrainSecure also serves as a master registry for standardized testing, product verification, and quality assurance.
  
"We are thrilled to partner with Shoppers Drug Mart and TruTrace Technologies to increase transparency within the medical cannabis industry," said Irwin D. Simon. "At Aphria Inc., we take responsibility to heart and recognize the importance of standardized testing and quality assurance. This program reflects our ongoing commitment to protecting the health and safety of our patients."

Shoppers recently announced the successful completion of Phase 1 of the Pilot Program and the addition of Deloitte Canada LLP in a project management and advisory role to execute Phase 2. Full production and implementation is targeted for late November 2019.

"The participation of a major licensed producer like Aphria, with their expertise and dedication to medical patients, is essential to the success of the Pilot Program," said TruTrace Technologies CEO Robert Galarza. "Together we are working to develop a unified approach to medical cannabis standards that will help ensure full traceability and consistent patient outcomes."

Pivot Pharmaceuticals Inc. (CSE: PVOT) (OTCQB: PVOTFannounced that it has entered into a binding letter of intent to acquire 51% of iAmHealth, an online nutraceutical distribution and sales platform serving the EU market.

The strategic acquisition of iAmHealth (https://www.iam.healthwill provide Pivot with an immediate online store and virtual footprint for its product portfolio of water soluble, shelf stable and advanced bioavailable CBD formulations. Pivot and iAmHealth will together focus on CBD related products and on products using micelle technology for vitamin supplements, power drinks, other nutraceutical products, and products supporting cancer patients during radiation and chemotherapy, tapping into the fast-growing nutraceutical market in key European markets. iAmHealth products have been tested and used in associated doctor and physiotherapist practices prior to commercial launch.
Key Highlights :
     Initial Pivot presence in three key European markets – Germany, Czech Republic and Slovakia.
     Pivot's CBD products to be introduced as key addition to the retailer's nutraceutical products category, to support sales and brand awareness.
     Accelerates Pivot's multi-channel brand distribution strategy targeting the European CBD, nutraceutical and wellness markets.

Dr. Toni Rinow, CEO of Pivot Pharmaceuticals comments: "Pivot will be put on a path of accelerated revenue growth and global expansion in key cannabis markets in Canada, United States, and the European Union to become a cannabis leader in the pharmaceutical, OTC, nutraceutical and wellness markets."

EnWave Corporation (TSX-V:ENWannounced that the Company has received a second 10kW Radiant Energy Vacuum (“REV™”) equipment purchase order from Ashgrove Cheese Ltd Pty (“Ashgrove”), a diversified, family-owned Australian dairy processor based in Northern Tasmania.

In May 2017, Ashgrove secured a license from EnWave for the exclusive right to use REV™ technology to process dried snack cheese products for direct retail distribution in Australia. In exchange for this exclusivity, Ashgrove has agreed to pay EnWave a 5% royalty on the wholesale price of all REV™-dried products sold.

Ashgrove’s successful development and launch of their Amazeballs cheese snack product stimulated this second purchase order. Amazeballs is the first Australian made dehydrated cheese snack. It’s crafted from the Ashgrove Farm milk supply and was a way for our consumers to get the protein and nutrients they need in an easy-to-eat dairy format. Amazeballs is currently available broadly in the Australian grocery market ecosystem in six distinct flavours – Cheddar, Havarti, Pizza Supreme, Apple Cider Vinegar and Chive, Sweet Chili and Sour Cream and Salted Caramel.

EnWave is a Vancouver-based advanced technology company that has developed Radiant Energy Vacuum (“REV™”) – an innovative, proprietary method for the precise dehydration of organic materials. EnWave has further developed patent-pending methods for uniformly drying and decontaminating cannabis through the use of REV™ technology, shortening the time from harvest to marketable cannabis products.

REV™ technology’s commercial viability has been demonstrated and is growing rapidly across several market verticals in the food, and pharmaceutical sectors including legal cannabis.

EnWave has introduced REV™ as a disruptive dehydration platform in the food and cannabis sectors: faster and cheaper than freeze drying, with better end product quality than air drying or spray drying. EnWave currently offers two distinct commercial REV™ platforms:
  1. nutraREV® which is a drum-based system that dehydrates organic materials quickly and at low-cost, while maintaining high levels of nutrition, taste, texture and colour; and,
  2. quantaREV® which is a tray-based system used for continuous, high-volume low-temperature drying.
Enwave was also recently added to the Cannabis ETF (NYSE:THCX) and discussed in our own Inverstorideas interview with Matt Markiewicz which you can listen to here.
Today’s podcast Sponsor:
Today’s podcast was sponsored by CBDollars. CBDollars is the first group of its kind designed to turn everyday people into entrepreneurs of one the largest, most profitable industries that will ever happen in this country. CBDollars will teach its members how to invest in the cannabis industry through stocks, ETFs, and as Angel Investors; start a wholesale store for a brick and mortar business; start an online store as a dropshipper;  private label your own products from edibles to beauty & More. Join CBDOLLARS to lean more.  https://www.facebook.com/groups/2117105128415627/






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   


Subscribe to the new cannabis podcast series:


To hear more Investorideas.com podcasts visit: https://www.investorideas.com/Audio/.
Investorideas.com podcasts are also available on iTunes,  Spotify, Google Play Music, Stitcher, Spreaker,   YouTube via Spreaker,  iHeartradio and Tunein.

Potcasts is now a certified word mark Trademark on the blockchain through Cognate, Inc. CM Certification-Registration Number: 10468217708

About Investorideas.com - News that Inspires Big Investing Ideas
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 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. Today’s podcast was sponsored by CBDollars.
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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Contact Investorideas.com
800-665-0411

  



Get more Cannabis Stock Investor Ideas – news, articles, podcasts and stock directories




Sector Snapshot - - How #Cannabis Industry Growth is Accelerating the Ancillary Businesses (OTC: $GOHE) (OTCQB: $MCOA) (OTC: $KSHB) (OTCQB: $MRMD)

Sector Snapshot - - How #Cannabis Industry Growth is Accelerating the Ancillary Businesses (OTC: $GOHE) (OTCQB: $MCOA) (OTC: $KSHB) (OTCQB: $MRMD)

Point Roberts WA, Delta, BC – September 5, 2019 - Investorideas.com, a leading investor news resource covering hemp and cannabis stocks releases a snapshot reporting on the continued development of the cannabis ancillary market as the sector matures; expanding into new states and countries.

The maturation of the Canadian and US markets, along with the rapid expansion of international cannabis markets is now beginning to drive the ancillary sector of the industry as more companies realize the need for better payment processing, more reliable delivery services and advanced infrastructure. These new demands on the industry are beginning to generate revenue for such ancillary providers and also provide investors a lower-risk entry point to the cannabis industry as these ancillary providers have no direct plant contact.


This was highlighted by Innovation Shares, a provider of thematic ETFs who recently announced changes in its monthly rebalance of The Cannabis ETF and has added four companies to the portfolio: Valens GroWorks Inc., EnWave Corp., cbdMD Inc. and Fire & Flower Holdings while removing three other companies: CannTrust Holdings, Vivo Cannabis and Innovative Industrial Properties.
"We are excited to expand THCX's footprint in the various cannabis industry sub-themes by including three companies whose businesses revolve around ancillary services and CBD-based consumer products," said Matt Markiewicz, Managing Director of Innovation Shares. "In particular, Valens, EnWave, and cbdMD all operate at the crossroads of science and technology which should appeal to investors who are looking for differentiated exposure outside of a traditional seed-to-sale story."
Global Payout Inc. (OTC: GOHE) and its wholly owned subsidiary, MTrac Tech Corporation yesterday announced that as the Company enters the last month of the third quarter of 2019 it has reached a point where it is effectively processing tens of millions of dollars in daily transaction volume across its growing base of clients in the multibillion-dollar cannabis industry.

As demonstrated in the Company’s recent Q2 disclosure detailing Company financials, MTrac’s growth trajectory has remained positive and has continued to gain significant traction throughout the year. This growth can be attributed to the successful strengthening of their foothold and market reach in what has become one of the most dynamic industries in today’s economy. This feat has been accomplished in part through MTrac’s success in securing several strategic service agreements with some of the largest companies within the cannabis industry today.

The company has recently signed a new account application with an anticipated 34 locations and has applications coming in weekly for the services offered through MTrac.

In addition to their expanding market reach, the Company is also fully engaged with key legislative partners in different states to help push for the adoption of their system as a means of providing merchants within these states with a viable and compliant payment processing alternative to cash as they remain focused on delivering “The Key to Cashless®” to as much of this diverse and expanding industry as possible.

MARIJUANA COMPANY OF AMERICA INC. (OTCQB: MCOA) recently announced the official launch of its premium cannabis delivery service, VivaBuds, in the San Fernando Valley, California.
In April, the Company announced it had acquired a 20% ownership interest in Natural Plant Extract of California (“NPE”) to establish a joint venture to create VivaBuds, a California marijuana delivery company that offers customers a dynamic opportunity to purchase low-cost premium cannabis products directly from farmers using a “Tell a Friend” approach. For more information, please visit the VivaBuds website at www.VivaBuds.com. The VivaBuds mobile application is currently live on Google Play and available for download on all Android devices.
“We are extremely pleased to have officially launched our delivery service throughout the San Fernando Valley, where demand for cannabis continues to increase unabatedly,” said CEO of MCOA, Mr. Donald Steinberg. “We believe that by providing delivery and our high-quality premium products to our consumers, we will increase revenues, expand margins, and improve our overall brand recognition. I am confident that this new endeavor dovetails perfectly with our commitment to become a global leader in the legal production, processing, and distribution of cannabis products. Going forward, management will continue to leverage strategic operations and decisions that enhance value for all our shareholders.”
According to an August 15, 2019 Los Angeles Times article, California is on pace to secure $3.1 billion in licensed cannabis sales in 2019, representing the largest legal marijuana market in the world. Legal sales have increased from approximately $2.5 billion in 2018, the first year of licensed cannabis sales in California, according to the analysis by sales-tracking firms Arcview Market Research and BDS Analytics.
KushCo Holdings, Inc. (OTC: KSHB), the premier producer of ancillary products and services to cannabis and hemp industries recently announced that it has closed on a $50 million credit facility (the “Facility”) with Monroe Capital LLC (“Monroe”), consisting of a $35 million revolving line of credit and an accordion of up to $15 million that will be available subject to covenant compliance and borrowing base availability.
The Facility will be for a term of five years and will be used for working capital and driving organic growth, as well as for potential acquisitions.
“KushCo continues to execute on its less dilutive financing strategy that will provide the capital necessary to support our continued operations and acquisitive growth,” commented Nick Kovacevich, KushCo’s Chief Executive Officer. “We are excited to partner with an entrepreneurial-focused private credit firm such as Monroe, and we have plans to grow our businesses together providing critical products and services to the cannabis and CBD industry. As the size of our customer’s business grows, it’s imperative to have an adequately sized credit facility that will increase as our business grows.”
“We’re excited to enter this hyper-growth industry with the Company,” commented Ted Koenig, President and CEO of Monroe. “They are a best in class business in a unique position to take advantage of opportunities in this emerging business sector and we look forward to supporting their continued growth and capital needs.”
MariMed Hemp, a subsidiary of MariMed, Inc. (OTCQB: MRMD), a leading multi-state cannabis and hemp operator focused on health and wellness, launched the Hemp Engine™, a turnkey retail marketing platform for the fast-growing CBD sector last month.
The platform supports sales and marketing decisions for a wide range of CBD products based on quality, popularity and price point, allowing distributors and retailers to maximize returns and increase sales efficiency. Co-developed with Sprout™, the leading CRM provider to the cannabis industry, the platform is driven by proprietary data and technology.
The Hemp Engine solution includes a complete “store-within-a-store” package, pre-stocked with a range of CBD products centered on a retailer’s particular criteria. The platform collects real time data and pre-screens the data for quality and content. The system helps the retailer by reducing the time and risk typically involved in choosing among a wide and sometimes confusing array of CBD products. The package also includes electronic tablets that provide store customers interactive, educational information about CBD product attributes, benefits and usage at the point-of-sale.
“Hemp Engine creates powerful new distribution opportunities for our hemp-derived CBD brands,” commented MariMed CEO, Robert Fireman. “It will help us further penetrate the growing hemp space. We expect to deliver the first in-store installations over the next several weeks.”
Earlier this year, the company converted its $30 million debenture into a one-third equity ownership of GenCanna Global, Inc., the Kentucky-based, national leader in cultivation and production of seed-to-sale cGMP quality CBD. MariMed Hemp was established to augment this investment and capitalize on MariMed’s marketing expertise with a new family of CBD brands.
According to Rick Granoff, Co-Founder of the Hemp Engine, “The Hemp Engine addresses the major needs of retailers and consumers as CBD popularity and consumption continues to grow. As a one-stop-shop that greatly simplifies decision making for both groups, it demonstrates MariMed’s continued thought leadership in health and wellness and industry-leading innovative approach to the CBD space.”
While there has been a heavy focus on cultivation and production in the cannabis industry for the last few years, the industry is now reaching a new turning point in which ancillary services and infrastructure are becoming more paramount. This growth in the cannabis ancillary market is not only providing the industry with more efficient technology and services but is also beginning to bring in more investment opportunities, with more diversified options than the standard production story we’ve seen so far.

For investors following cannabis stocks, Investor Ideas has created a stock directory of publicly traded CSE, TSX, TSXV, OTC, NASDAQ, NYSE, ASX Marijuana/Hemp Stocks

About Investorideas.com - News that Inspires Big Investing Ideas
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. 

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