Wednesday, August 4, 2021

Investor Ideas #Potcasts 592, #Cannabis News and #Stocks on the Move; (TSX: $FAF.TO), (TSX: $WEED.TO) (NASDAQ: $CGC), (CSE: $DELC.C) (OTCQB: $DELCF) and (OTC: $KONEF)

 



Investor Ideas #Potcasts 592, #Cannabis News and #Stocks on the Move; (TSX: $FAF.TO), (TSX: $WEED.TO) (NASDAQ: $CGC), (CSE: $DELC.C) (OTCQB: $DELCF) and (OTC: $KONEF)

 

Delta, Kelowna, BC, August 4, 2021 (Investorideas.com Newswire) www.Investoride, as.com, a global news source covering leading sectors including marijuana and hemp stocks and its potcast site, www.potcasts.ca  release today’s podcast edition of  cannabis news and stocks to watch plus insight from thought leaders and experts.

 

Listen to the podcast:

https://www.investorideas.com/Audio/Podcasts/2021/080421-StocksToWatch.mp3

 

Read this in full at https://www.investorideas.com/news/2021/cannabis-potcasts/08041FAF-WEED-CGC-DELC-KONEF.asp

 

Hear Investor ideas cannabis potcast on iTunes

 

Hear the investor ideas potcast on Spotify

 

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 public company announcements.

 

Fire & Flower Holdings Corp.  (TSX: FAF) (OTCQX: FFLWF) and its wholly-owned subsidiary Hifyre™ Inc., today announced the acquisition of certain assets from subsidiaries of Wikileaf Technologies Inc. (CSE: WIKI), an online platform for cannabis enthusiasts and consumers, as part of its innovative new digital strategy focused on enhancing the Company's proprietary data-driven retail platform.

 

Wikileaf, which generates significant user traffic through engaging content and domain name strength, will be boosted through the incorporation of Hifyre's unique data-driven technology solutions into its existing platform. Hifyre will transform the Wikileaf website into a virtual online dispensary for cannabis and accessory products utilizing the same e-commerce proprietary technology platform that powers the Fire & Flower retail network. Accessory products will be fulfilled through Fire & Flower's agreement with Humble & Fume (CSE: HBML) announced last month.

 

A key aspect of the new digital strategy, Hifyre will create white-labelled online dispensaries fulfilled initially by the Fire & Flower retail network, that can be expanded to other cannabis dispensaries and delivery channels both in Canada and the U.S. In addition, users of all white-labelled websites will be enrolled into Fire & Flower's proprietary Spark Perks membership loyalty program, expanding upon its ability to capture a high level of engagement and understanding of cannabis consumer preferences and habits both in Canada and the U.S.

 

"Hifyre's expanded digital strategy offers a significant opportunity to expand the Company's e-commerce revenue channels through an asset-light and highly scalable model both in Canada and the U.S.," shared Trevor Fencott, Chief Executive Officer of Fire & Flower. "The branded online dispensary model is accretive to our retail channel as it offers the opportunity to capture new customers and drive an additional stream of high margin revenue through our Hifyre platform."

 

"We believe owning the customer relationship is the most prized part of the value chain and this has been successfully achieved through membership in our Spark Perks program," shared Matthew Hollingshead, Chief Innovation Officer of Fire & Flower and President of Hifyre. "Our ability to white-label our e-commerce platform offers the opportunity for any brand to create a virtual online cannabis dispensary through our proprietary technology."

 

In a recent article from MJBIZDailyCanopy Growth Corporation (TSX:WEED) (NASDAQ:CGC) executives received more than 4 million CAD ($3.2 million USD) in cash bonuses after making “solid progress in the year,” according to a regulatory filingeven as the company lost CA$1.7 billion and laid off hundreds of workers.

 

The Smiths Falls, Ontario-based company disclosed the executive compensation figures for fiscal year 2021 in a proxy statement sent ahead of its annual general meeting, scheduled for Sept. 14 via webcast.

 

The executives’ compensation packages consist of salary as well as bonuses awarded as part of the company’s short- and long-term incentive plans.

 

For fiscal 2021, which ended March 31, the board approved short-term incentive plan bonuses totaling CA$4 million for five of the company’s top executives.

 

The company’s long-term incentive-plan (LTI) bonuses, typically granted annually in March, were awarded June 9, 2021.

 

The LTI bonuses were not reported in the total compensation table because they were issued after the fiscal year ended.

 

“On a go forward basis, we have determined to fix the regular timing of our annual LTI grants to occur in June of each year, beginning in Fiscal 2022,” the proxy noted.

 

“As such, no LTI awards were granted in Fiscal 2021, with the prior LTI grants having been made in late March 2020 at the end of Fiscal 2020.”

 

In an emailed statement, a company spokesperson told MJBizDaily that “Canopy Growth’s executive compensation supports our strategy of attracting and retaining top talent that is necessary to support the company’s ambitious growth plans and is structured to ensure close alignment between the interest of shareholders and leadership.”

 

The company uses four performance measures related to corporate objectives to help guide short-term bonus payouts where executives earn an annual cash bonus.

 

Free cash flow has the heaviest weighting (50%) among the performance measures, followed by net revenue (20%), adjusted EBITDA (20%) and individualized objectives (10%).

The company failed to meet its fiscal 2021 goals for net revenue and adjusted EBITDA, but the goals for free cash flow and individualized objectives were achieved.

 

According to the proxy, Canopy aimed for net revenue of $455 million but came in at $414 million.

 

Free cash flow was negative $478 million, or half the shortfall the company anticipated.

Adjusted EBITDA, which serves as a measure of profitability, came in at negative $258 million, a slightly worse performance compared with the company’s objective of negative $246 million.

 

Canopy’s short-term cash bonuses amounted to:

      CA$2.2 million for David Klein, CEO.

      CA$579,000 for Mike Lee, chief financial officer.

      CA$659,000 for Rade Kovacevic, president and chief product officer.

      CA$360,000 for Julious Grant, chief commercial officer.

      CA$351,000 for Phil Shaer, chief legal officer.

According to the proxy statement, Canopy’s compensation committee “affirmed that the executive leadership team performed well in progressing the company’s revised CPG strategy and reorientation towards a path of reduced financial losses and sustained success, all while acknowledging the challenging environment created by the COVID-19 pandemic.”

 

The executives also received grants on June 9 as part of their annual LTIP.

Those ranged from 22,352 options and 11,176 share-based awards for Shaer to 139,488 options and 69,744 share-based awards for Klein.

 

The share-based awards were granted in the form of performance share units (PSUs).

“The number of PSUs granted represents 100% of the target number of PSUs. The minimum PSU award is equal to 50% of the target number of PSUs, and the maximum PSU award is 150% of the target number of PSUs,” the filing noted.

 

Going forward, the filing adds, half of the executives’ long-term incentive grants will consist of restricted share units and performance share units, and in fiscal 2021, “no performance conditions were imposed on share unit awards granted in March 2020 due to the difficulty in establishing reasonable performance metrics due to the impacts of the COVID-19 outbreak.”

 

Big thanks to Matt Lamers of MJBiz Daily for producing such a great article.

 

 

Delic Holdings Inc. (CSE: DELC) (OTCQB: DELCF), the leading psychedelic wellness platform, today announced that Itefayo Harvey will serve as one of the event's mainstage speakers. Meet Delic is the world's premiere psychedelic and wellness edutainment event catering to both curious newcomers, businesses and thought leaders. Harvey is the Founder and Board President of the People of Color Psychedelic Collective, long-time advocate for promoting drug policies grounded in science, compassion, and human rights, as well as the Social Media Manager for Caring Across Generations, an organization which creates a new way to live well and age with dignity in America.

 

Harvey states, "I am excited to push the boundaries of how we talk and think about wellness in our society at Meet Delic. I want our society to truly value and create wellness for everyone."

During her tenure at The Drug Policy Alliance, which is the nation's leading organization advocating to end the war on drugs, Harvey fought hard for people to no longer be punished for what they put in their bodies. This created a deep desire within Harvey to further champion that  individuals be given the sovereign right and choice to use alternative medicines such as psychedelics without fear and impunity.

 

The experiential event will feature dancers, music, 3D mapping, new technologies and research, thought-provoking presentations and the world's largest psychedelic business expo.

 

"It is an honor to have Itefayo Harvey speak at our conference and bring her unique perspectives on health, life and culture to our attendees," said Delic co-founder, Jackee Stang. "She is a powerful voice in the movement toward embracing psychedelic wellness and reform and her work to right many wrongs in the 'war on drugs' is remarkable."

 

The twenty hours of panels and keynotes will include a broad array of topics such as: "How Psychedelics Can be Effectively Used for Physical Optimization," "PTSD Reset and Recovery," "Ketamine Clinics Today, Psilocybin and MDMA Therapy Tomorrow," microdosing, activism, sexuality, and "Drug Use for Grown-Ups." Musical and entertainment acts are scheduled both evenings following the panels and expo.

 

Tickets are now available for the two-day experience. For more information please visit, www.meetdelic.com. Follow us on @meetdelic on Instagram, Twitter and Facebook. Tickets available now.

 

 

KetamineOne Capital Limited (NEO: MEDI) (OTC: KONEF), a company focused on consolidating medical clinics and becoming a North American leader in mental health treatments, announced that it has signed an exclusive agreement for the use of virtual reality (“VR”) technology in psychedelic treatments with OVR Tech LLC (“OVR Technology”) to provide its INHALE Wellness Platform over an initial term of two years in Ketamine One’s clinics. The INHALE Wellness Platform is an olfactory-enabled VR platform designed to deepen immersion, promote relaxation and help manage stress.

 

Pursuant to the terms and conditions of the exclusive agreement, OVR Technology will provide its proprietary technology and services for Ketamine One to use with its psychedelic-assisted treatments involving ketamine, psilocybin, DMT and MDMA in order to help improve patient outcomes. OVR Technology’s INHALE Wellness Platform combines the benefits of mindfulness, breathwork and meditation with the next generation of aromatherapy. It includes a head-mounted display, the ION device (the “ION”) and scent cartridges, as well as several scent-focused nature scenes. The ION is lightweight, wireless and emits scent particles in coordination with VR technology designed to deepen a patient’s immersive experience.

 

 

OVR Technology’s Architecture of Scent® platform brings together software, Scentware™, and hardware via the ION, while also including replaceable cartridges and an Olfactory Experience Engine that allows scent to be triggered during a VR experience. Scents delivered through the ION are water-based and made from a combination of natural and synthetic ingredients that have undergone extensive testing. While VR technology is widely known to incorporate sight and sound, this partnership provides Ketamine One with the capability to generate more realistic Immersive Virtual Reality (“IVR”) service offerings via scent at its network of clinics, which is expected to enhance experiences and help improve patient treatment outcomes.

 

The concept for the Architecture of Scent® and ION device was based on the idea that scent in VR could dramatically increase immersion. Computer simulations in which patients can interact within virtual three-dimensional environments can help put patients in calming settings and improve relaxation through the addition of scents. Research has shown that scents elicit emotional and evocative associations and can immediately alter mood.1 Other research shows that, as soon as an odor is registered by the brain, it activates the amygdala-hippocampal complex in the limbic system where emotions, memories, and associations are processed, nearly instantaneously.2

 

“We believe that the ION device contains the most accurate on-mask scent technology currently available on the market. The ability for our clinicians to alter perceptual experiences with VR and the ION is extremely promising. Optimizing the therapeutic setting is one of the main goals of our VR-based research and development program and being able to utilize the sense of smell to help patients relax, reduce tension and lower stress is expected to result in the development of a comprehensive treatment,” said Dr. Quang Henderson, Chair of Ketamine One’s Clinic Innovation Council.

 

“Our access to a large patient population and enhanced research capabilities through our wholly-owned contract research organization, KGK Science, along with OVR Technology’s innovative platform, on a combined basis have the potential to lead to clinically validated solutions for use not only in our facilities, but also in patients’ homes, through the development of a portable digital therapeutic offering in the future,” added Adam Deffett, Interim CEO of Ketamine One.

 

“This is the first VR platform that understands user behavior in the virtual world and responds with real-time sensory stimulation. It has the potential to significantly enhance the wellness capabilities of an already promising technology,” said Aaron Wisniewski, CEO and co-founder of OVR Technology.

 

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.

 

Learn more about our cannabis podcasts at https://www.investorideas.com/Audio/Potcasts.asp

Or www.potcasts.ca

 

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 Play Music and most audio platforms available.

 

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 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

 

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Monday, August 2, 2021

Trial Could Position Eco-Friendly Fertilizer for Organic Cannabis Market

Trial Could Position Eco-Friendly Fertilizer for Organic Cannabis Market

Investor Ideas #Potcasts 591, #Cannabis News and #Stocks on the Move; (CSE: $GTII.C) (OTCQX: $GTBIF), (CSE: $EASY.C), (TSX: $VLNS.TO) (OTCQX: $VLNCF), (NASDAQ: $CGC) (TSX: $WEED.TO)

 

Investor Ideas #Potcasts 591, #Cannabis News and #Stocks on the Move; (CSE: $GTII.C) (OTCQX: $GTBIF), (CSE: $EASY.C), (TSX: $VLNS.TO) (OTCQX: $VLNCF), (NASDAQ: $CGC) (TSX: $WEED.TO)

 


Delta, Kelowna, BC, August 2, 2021 (Investorideas.com Newswire) www.Investoride, as.com, a global news source covering leading sectors including marijuana and hemp stocks and its potcast site, www.potcasts.ca  release today’s podcast edition of  cannabis news and stocks to watch plus insight from thought leaders and experts.

 

Listen to the podcast:

https://www.investorideas.com/Audio/Podcasts/2021/080221-StocksToWatch.mp3

 

Read this in full at https://www.investorideas.com/news/2021/cannabis-potcasts/08021GTII-EASY-VLNS-CGC-WEED.asp

 

Hear Investor ideas cannabis potcast on iTunes  

 

Hear the investor ideas potcast on Spotify

 

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 public company announcements.

 

After three years of a successful joint venture, Houseplant and Canopy Growth Corporation (NASDAQ:CGC) (TSX: WEEDhave mutually agreed to end their relationship. The Canadian cannabis market has evolved substantially during this period, and the parties believe the time is right for the Houseplant brand to develop independently while Canopy advances its focus on wholly-owned brands for the Canadian market.

 

The relationship between Houseplant and Canopy started in 2018, well ahead of Canadian legalization. Since that time, Houseplant and Canopy worked together to pave the way in defining a premium cannabis experience in a new market.

 

During the course of their relationship, Houseplant has become a popular consumer brand in Canada and is currently a top 10 brand in the premium cannabis market in Ontario. Beverages are a highlight of the brand's success, with Houseplant Grapefruit notably attaining the top-selling cannabis beverage spot in Canada (measured by units sold) in its launch year. More than one million cans of Houseplant beverages were sold in Canada within the last year.

 

"The recent launch of Houseplant in the United States has given us a clear benchmark for what Houseplant stands for, and how we plan to bring the brand to life globally," says Michael Mohr, Co-Founder and CEO, Houseplant. "While our collaboration with the Canopy team has been fruitful and we continue to hold similar views on the opportunities ahead, we believe the time is right for us to focus on Houseplant independently."

 

"We're proud of our collaboration with Houseplant. Together, we've delivered high quality and innovative products to Canadian consumers and played a critical role in defining the premium cannabis category in Canada," said Rade Kovacevic, President and Chief Product Officer, Canopy Growth. "As we move forward, Canopy will advance our focus on our wholly-owned brands for the Canadian market and we wish the Houseplant team the best in their future endeavors."

 

In Canada, some Houseplant cannabis products will continue to be available to retailers through the end of September 2021. Houseplant plans to relaunch in the Canadian market in the future with products more consistent with its US offerings.

 

"Canada is where it all started - for us as people, and for the brand," says Houseplant Co-Founder Seth Rogen. "This is not an exit from the Canadian market, but a chance for us to evolve the brand."

 

The relationship between Houseplant and Canopy did not extend into the US and, as a result,this announcement will have no impact on the business in that market. Houseplant launched a line of premium homewares and cannabis products in the United States in March 2021 and has quickly become a cultural and industry leader.

 

The Valens Company Inc. (TSX: VLNS) (OTCQX: VLNCF), a leading manufacturer of cannabis products, announced that it has signed a two-year agreement with Harvest One Cannabis Inc. to become the white label manufacturer and provincial sales partner of cannabis-infused topicals for their leading brand LivRelief™. Harvest One, a global cannabis infusions CPG leader that distributes premium health, wellness and selfcare products, successfully launched their cannabis-infused portfolio of LivRelief products in 2020. Since then, it has grown the product line to become the number one selling cannabis-infused topical brand in Ontario - Canada's largest market.

 

LivRelief is a growing line of cannabis-infused topical creams created using natural ingredients which utilize a proprietary transdermal delivery system, allowing cannabinoids to reach targeted areas and designed for deep penetration. The cannabis-infused topical creams are now available in three formats, including the CBD-only formulation containing 250mg of CBD, 1:1 formulation with 125mg of THC and 125 mg of CBD, and the newly launched extra strength CBD formulation containing 750mg of CBD, all of which will be manufactured and distributed across Canada by Valens. Currently, the LivRelief line of cannabis-infused topical creams is available nationally through the Medical Cannabis by Shoppers™ marketplace, and in various provincial and private retailers in Alberta, British Columbia, Manitoba, New Brunswick, Ontario, and Saskatchewan. Together, Harvest One and The Valens Company will seek to expand distribution and increase consumer awareness and brand loyalty across Canada. First shipments of products out of the Valens facilities are forecasted at the beginning of fiscal Q4 2021.

 

"The LivRelief cannabis-infused topical brand has established itself as a premium and reliable provider of cannabis-infused topicals with a leading-edge proprietary transdermal delivery system that took years of research, innovation, and dedication to develop," said Tyler Robson, Chief Executive Officer, Co-Founder and Chair of The Valens Company. "We are proud to manufacture these top-selling creams in partnership with Harvest One and provide both new and experienced consumers the comfort to engage with cannabis-infused topicals. Valens already manufactures the number one selling bath product in Ontario and now adds the number one selling cannabis-infused topical brand to its portfolio, making it a clear leader in both the topicals and health and wellness verticals in Canada."

 

"We are very pleased to partner with The Valens Company after a rigorous and strategic selection process of possible manufacturers and distributors in Canada," said Gord Davey, President and Chief Executive Officer of Harvest One. "Our partnership with The Valens Company will accelerate national and global growth opportunities. Our innovative infused topical with its effective and differentiated delivery system has resonated very well with consumers and established itself as a leader in the Infused Topicals category. We are looking forward to partnering with The Valens Company, a leading expert in the cannabis space with a superior customer service approach, to advance the manufacturing of this product and its future extensions. We will utilize our experience in marketing and distribution to assist in the promotion of the brand and to increase the awareness of cannabis infused topicals across Canada."

 

SpeakEasy Cannabis Club Ltd. (CSE: EASY), a holder of a federal licence to cultivate, process and sell cannabis under the Cannabis Act, announced a production and processing update on its initial 2020 harvest of 72,000 KG.

 

Last year was all about producing one of Canada's largest outdoor harvests and finalizing a cultivation strategy to position itself for wholesale and retail sales. Our vision has always been to compete in a mature market by having on-site infrastructure to achieve some of the industry's lowest cost of production.

 

As 2.0 products have proven to represent some of the largest growth categories, SpeakEasy's low-cost of input material, combined with its on-site extraction lab and in-depth experience, is proving to be a winning formula for the Company.

 

2020 Harvest Update on Process and Sales:

       With the addition of infrastructure improvements and equipment testing completed, we started processing the 2020 harvest on a production level in March 2021 at a limited capacity.

       B-to-B sales increased above our internal estimated capacity. The products were priced at a premium in their respective categories with associated wholesale production costs of approximately $30 million, or an average gross margin of 70%.

       75% of last year's outdoor harvest continues to be processed into high-quality extract products and sold under sales contracts that are currently in place.

       SpeakEasy continues to process its remaining inventory from the initial 2020 outdoor harvest that will produce an estimated 2,225 kg of premium extracts. Our concentrates will be incorporated into consumer-packaged products under SpeakEasy's brands and distributed into the Canadian retail market. These products currently have a retail values of approximately $115,000,000 when sold in retail stores across Canada.

 

"While many cannabis companies have raised significant amounts of capital to build luxurious infrastructures, SpeakEasy's goal has always been focused on becoming cash flow positive through our lean farming principles. These principles protect our investors from dilutions while allowing us to control our own destiny. Our processes and achievements are allowing the Company's dreams to come true. We have relied on tremendous experience and built a strong company culture to compete on the global stage very soon." – Founder, Marc Geen.

 

Green Thumb Industries Inc. (CSE: GTII) (OTCQX: GTBIF), a leading national cannabis consumer packaged goods company and owner of Rise™ Dispensaries, announced that it has closed on the acquisition of Mobley Pain Management and Wellness Center (DE), LLC and Canwell Processing (Rhode Island), LLC, which both held contractual interests in Summit Medical Compassion Center, Inc., a non-profit corporation with vertically integrated cannabis operations in Rhode Island. The acquisition includes one of only three retail locations in the state.

 

“Entry into the Rhode Island cannabis market further strengthens Green Thumb’s position on the East Coast, a region that has embraced the freedom for adults 21+ to choose cannabis,” said Green Thumb Founder and Chief Executive Officer Ben Kovler. “This acquisition provides immediate scale within a limited license market and sits squarely in our enter, open, scale strategy to expand access to well-being through cannabis. We are ready to welcome the Summit team aboard Green Thumb’s front row seat to the Great American Growth Story.”

 

The acquisition includes entry into Rhode Island with management agreements for one of only three vertical licenses in the state including a production facility and dispensary, both located in Warwick. The state reported approximately $60 million in retail cannabis sales for the 2020 fiscal year-end.

 

With the acquisition, Green Thumb has cannabis operations to serve nearly 50% of the United States population, including in: California, Colorado, Connecticut, Florida, Illinois, Maryland, Massachusetts, Nevada, New Jersey, New York, Ohio, Pennsylvania, Rhode Island and Virginia.

 

This follows the company’s previous announcement that the Company will accept applications to its previously announced LEAP New Business Accelerator which began on August 1, 2021. The LEAP incubation program is intended to help social equity licensees not only operationalize their licenses but also ensure their success through mentorship and guidance from the Green Thumb team.

 

“We’re thrilled to see Green Thumb’s home state of Illinois take meaningful steps to pursue diversity and equity in the cannabis industry,” said Green Thumb Senior Vice President of Government Affairs Dina Rollman. “These social equity licensees not only endured the always-challenging application process but also COVID-19 and a protracted delay in license awards. Since we first started working with Illinois social equity applicants in September 2019, we’ve learned a lot about the unique barriers that social equity applicants face and how we can use our resources to advance equitable ownership in the cannabis industry going forward. We’re excited to extend our knowledge to those awarded licenses in the state.”

Between August 1st and August 31st, Illinois Craft Grower and Dispensary license-holders can apply to enter the incubator’s “Bake Off.” The Bake Off is a 10-minute opportunity to provide an overview of the new licensee’s business to Green Thumb’s leadership team.

Evaluation criteria for Green Thumb’s Bake Off will include, but not be limited to, each applicant’s:

      Business plan compatibility with Green Thumb infrastructure and knowledge base.

      Availability to commit time to interact with Green Thumb’s LEAP team for mentorship.

      Financial acumen and willingness to commit to LEAP loan terms.

      Participation in the prior licensing education and application phase of LEAP (a consideration, not a decisive factor).

      Authentic passion, heart and the X-factor for promoting well-being through cannabis.

Winners of the Bake Off will receive funding from Green Thumb and six months of in-house mentorship. The Company will select and advise at least one dispensary licensee and at least one craft grower licensee and focus on positioning them for success. Visit www.gtigrows.com/LEAP for more information.

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.

 

Learn more about our cannabis podcasts at https://www.investorideas.com/Audio/Potcasts.asp

Or www.potcasts.ca

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 Play Music and most audio platforms available.

 

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 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

 

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