Thursday, December 22, 2022

#Canadian #Cannabis; Down but Far from Out- Growth for 2023 and Beyond (OTC: $CPMD) (NASDAQ: $TLRY) (OTC: $NXTTF) (NASDAQ: $HITI) @CannapharmaRx @tilray @wearelifeist @HighTide_HITI

 

#Canadian #Cannabis; Down but Far from Out- Growth for 2023 and Beyond (OTC: $CPMD) (NASDAQ: $TLRY) (OTC: $NXTTF) (NASDAQ: $HITI) @CannapharmaRx @tilray @wearelifeist @HighTide_HITI

 





Vancouver, Kelowna, Delta, BC -December 22, 2022 - Investorideas.com, a leading investor news resource covering cannabis and wellness stocks releases a special on the continued development of the Canadian retail market and how we are seeing many companies gear up for growth in 2023 and beyond, featuring CannaPharmaRx, Inc. (OTC:CPMD).   

 

Read this article, featuring CPMD in full at https://www.investorideas.com/news/2022/cannabis/12221Canadian-Cannabis.asp

 

While growth in the Canadian market hasn’t been as aggressive as expected, we are still seeing overall growth from the previous year. In recent news, Statistics Canada released October retail sales for the country, with cannabis sales decreasing from September marginally to C$389.2 million. The growth per-day slowed, as October has one more day than September. September was revised from C$389.9 million to C$392.3 million. The sales were up 9.5% from a year ago, the lowest since legalization began and down from the reported 12.2% September growth rate that was revised to 12.5%. In 2022, total sales have increased 18.4% compared to the first ten months of 2021 to C$3.72 billion.

 

CannaPharmaRx, Inc. (OTC: CPMD), a future leader in ultramodern, highly efficient cannabis production facilities announced  that it received its cultivation license from Health Canada. The license, LIC-3JCQW6DIU0, is a major step towards production. A standard cultivation license is necessary for larger companies that want to build and grow in a large-scale facility. Upon receiving the cultivation license the company can now grow cannabis and sell wholesale to other licensed producers.

 

Now that the cultivation license is approved the company anticipates completing the first harvest and sales during Q1 2023 with estimated annual revenue over $30 million.

 

“The company now has the facility in Cremona in the final preparations of facility opening. As a result of a multi-million dollar offtake agreement, several strains of genetics for a variety of high-quality cannabis products and a cultivation license, we are primed to enter the cannabis market. This keeps us on track to complete our first harvest and distribution during the next few months with rapid revenue expansion," stated Nick Colvin, CEO of CannaPharmaRx.

 

Tilray Brands, Inc. (Nasdaq: TLRY) (TSX: TLRY) a leading global cannabis-lifestyle and consumer packaged goods company inspiring and empowering the worldwide community to live their very best life, recently announced that the Company will release financial results for its second quarter ended November 30, 2022 on January 9, 2023, which has many in the industry abuzz.

 

This followed their announcement of the launch of a new limited edition, premium craft flower series by lifestyle brand, RIFF. The brand’s new series is designed to introduce two new collections of craft flower featuring a rotation of limited edition, rare genetics for the discerning RIFF consumer.

 

With brand roots seeded in a joint effort, RIFF returns with a new collaborative series partnering with talented local craft growers in its community. Under RIFF’s new Orbital flower collection, consumers will find a rotation of incredible indica strains to choose from, while the Crossfade flower collection rotates elevated sativa strains, all crafted to the highest standard.

 

Serving as the brand’s most refreshing additions to the portfolio with higher THC potencies and elevated terpene levels, the premium craft strains will launch in market under Orbital Indica and Crossfade Sativa with a new, exclusive strain to be introduced for each rotational drop.

 

Lifeist Wellness Inc. (TSXV: LFST) (OTC: NXTTF), is also looking to expand their offerings as we move into the new year having announced that its wholly owned Canadian cannabis business unit CannMart Inc. is introducing seven new SKUs in Alberta for its award-winning in-house brand Roilty, including Roilty’s first-ever dried flower offering, as well as several complementary new products from Zest. This latest product line expansion, which is expected by April 2023, will solidify the Roilty brand name among provincial buyers and retailers as one of the highest quality concentrates and vapes in the Canadian cannabis industry.

 

CannMart has grown its Roilty product line in Alberta significantly over the past year, from two SKUs in the Fall 2021 to 16 currently. With the addition of the planned seven new SKUs, the number of active Roilty products in the market in Alberta is expected to be 23. When SKUs from Master Distribution Agreement partners are included, such as Zest, CannMart’s overall offering in Alberta will include 35 active SKUs between Roilty and MDA partners, a significant increase in portfolio and shelf space.

 

“There is no other way to view the product expansion success of Roilty than through the continued support and belief in the brand from provincial buyers, retailers and budtenders,” commented Daniel Stern, CEO of CannMart. “CannMart continues to expand the Roilty product portfolio, taking advantage of our advanced extraction and manufacturing capabilities and leveraging the popularity of this award-winning brand across Canada. Developing, manufacturing, expanding, and promoting our proprietary brands is a key focus of our asset-lite, risk-mitigated model, and our continued progress is evidence of the success of this strategy.”

 

When looking at how high the competition is for sales in a Canadian market, High Tide Inc. (NASDAQ: HITI) (TSXV: HITI), a leading retail-focused cannabis company with bricks-and-mortar as well as global e-commerce assets, recently announced that according to new data recently released by the cannabis business publication, New Cannabis Ventures, the Company is now Canada's top revenue-generating cannabis company.

 

Source: New Cannabis Ventures2

 

Company

Name

U.S. Stock

Symbol

Non-U.S.

Symbol

Qtr Ended

Qtrly

Sales

(CAD)

Q/Q

Growth

Y/Y

Growth

Adj. Op.

Income

Next

Financials

High Tide

NASDAQ:

HITI

TSXV: HITI

07/31/22

$95.40

18 %

98 %

($4.70)

~01/30/23

Canopy Growth

NASDAQ:

CGC

TSX: WEED

09/30/22

$88.00

-5 %

 

-29 %

 

~02/14/23

SNDL Inc.

NASDAQ:

SNDL

 

06/30/22

$78.00

4 %

133 %

($93.70)

~03/31/23

Nova Cannabis

TSX: NOVC

OTC: NVACF

09/30/22

$58.90

5 %

52 %

$2.30

~03/31/23

Aurora Cannabis

NASDAQ:

ACB

TSX: ACB

09/30/22

$49.30

-2 %

-18 %

($50.70)

~02/14/23

 

HEXO Corp

NASDAQ:

HEXO

TSX: HEXO

07/31/22

$42.50

-7 %

10 %

($114.80)

12/15/22

Fire & Flower

OTC:

FFLWF

TSX: FAF

07/30/22

$40.70

-1 %

-6 %

($21.00)

~12/15/22

Organigram

NASDAQ:

OGI

TSX: OGI

05/31/22

$38.10

20 %

88 %

($10.90)

11/28/22

 

 

_________________________________

1 Ranking relates to companies reporting in CAD

2 Based on reporting by New Cannabis Ventures as at November 14, 2022. For the New Cannabis Ventures' senior listing, segmented cannabis-only sales must generate more than US$25 million per quarter (CAD$31 million) - for full details, see: https://www.newcannabisventures.com/cannabis-company-revenue-ranking/

 

"Since going public, we've continuously been a leader in Canadian retail cannabis. According to New Cannabis Ventures, we are now the highest Canadian revenue-generating cannabis company across all three verticals of retail, extraction and growing. This is a testament to our team's dedication and continued execution to clearly surpass our own internal objectives over the last few years. High Tide was amongst Canada's top growing companies as ranked by the Globe and Mail's Report on Business Magazine in both 2021 and 2022, reaching a ranking of 21 out of 430 in 2022. This exponential growth was all accomplished without having more than 29 million dollars in our bank at any given time," said Raj Grover, President and Chief Executive Officer of High Tide. "We see plenty of opportunities in Canada, the U.S. and internationally in 2023 and beyond as we continue this strong momentum to further increase our top line significantly. This growth will come from ongoing bricks-and-mortar expansion in Canada as well as our new and existing e-commerce platforms facilitating the sales of consumption accessories and hemp-derived CBD products. Our continued focus on operational execution is something that I believe can set us up to be amongst the highest revenue-generating companies in all of cannabis. I want to take this opportunity to thank our customers, shareholders and team members for making this success possible," added Mr. Grover.

 

In a recent article from The Motley Fool titled, Cannabis Stocks – Should Investors Buy Before 2023? “Cannabis stocks are still in for a rocky future. However, it’s a future that will stabilize with time. Think of this as like the beginning of mass alcohol legalization. There were some rocky times, to be sure. However, we’re now in a place where there are large alcohol companies with blue-chip status. With a recovery perhaps on the way, I would consider getting in on cannabis stocks before 2023 is out.”

 

As we see the industry develop in Canada, and as developments in legislation continue to push forward in the US, there are a variety of indicators pointing to stronger sales over the short and long term. This is especially true as we see more competitive genetics and growing techniques push the price down and the quality up, something that continues to be an issue for attracting consumers away from the legacy market, but is slowly being addressed by the evolution of the legal market.

 

About Investorideas.com - Big Investing Ideas

We publish breaking stock news, stock research, guest posts and create original top rated investing podcasts, plus sector tag articles featuring up and coming companies and industry leaders.  Investor Idea’s original branded content includes the Crypto Corner Podcast , Play by Play Sports Podcast , Cannabis News and Stocks on the Move Podcast ,  Cleantech and Climate Change Podcast,  Exploring Mining Podcast , Betting on Gaming Stocks Podcast and the AI Eye Podcast.  We also create free investor stock directories for AI and tech, biotech, cannabis, cleantech, crypto, defense, gaming, health and wellness, mining, oil and gas, sports and water.

 

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.. Our site does not make recommendations for purchases or sale of stocks, services or products.  This is not investment opinion: 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. Disclosure: this news article featuring CPMD is a paid for news release on Investorideas.com ( third party 2000). 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/ 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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Friday, December 16, 2022

Investor Ideas #Potcasts 641, #Cannabis News and #Stocks on the Move- (CSE: $CURA.C) (OTCQX: $CURLF), (Nasdaq: $HITI) (TSXV: $HITI.V)

Investor Ideas #Potcasts 641, #Cannabis News and #Stocks on the Move- (CSE: $CURA.C) (OTCQX: $CURLF), (Nasdaq: $HITI) (TSXV: $HITI.V)

 

 


Delta, Kelowna, BC, December 16, 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.

 

Listen to the podcast:

https://www.investorideas.com/Audio/Podcasts/2022/121622-StocksToWatch.mp3

 

Read this in full at https://www.investorideas.com/news/2022/cannabis-potcasts/12161CURA-HITI.asp

 

Hear Investor ideas cannabis potcast on iTunes  

 

Hear the investor ideas potcast on Spotify

 

Today’s podcast overview/transcript:

 

In today’s podcast we look at a few public company announcements, changes to Canadian Cannabis Act as well some recent cannabis related news.

 

Last week, Health Canada announced that amendments to the Cannabis Act and its regulations concerning cannabis research and testing, and cannabis beverages have been approved and are now in force as of December 2, 2022. A copy of the final regulations, as well as the Regulatory Impact and Analysis Statement is expected to be published in the Canada Gazette, Part II, on December 21, 2022.

 

These amendments follow extensive engagement with stakeholders, universities, researchers, health authorities, cannabis industry associations, cannabis licence holders, provinces, territories and the public. They aim to facilitate research and testing, and also amend the public possession limit for cannabis beverages to bring them in line with other cannabis products.

 

Notably, these amendments:

       Increase the public possession limit for cannabis beverages to a level that is similar to other forms of cannabis, such as solid edible cannabis products (i.e. gummies or chocolate). Adults in Canada are now able to possess up to 17.1 litres (equal to 48 cans of 355 ml each) of cannabis beverages in public for non-medical purposes, which is up from approximately 2.1 litres (equal to five cans of 355 ml each) under the previous rules. Existing controls that mitigate the risks of overconsumption and accidental consumption, such as child-resistant packaging and strict limits on the amount of THC per container, remain in place;

       Change how Health Canada regulates non-therapeutic cannabis research with human participants, helping make the process of conducting this research easier, while still maintaining appropriate public health and safety controls;

       Allow analytical testing licence holders and federal and provincial government laboratories to produce, distribute and sell reference standards and test kits, to increase access to cannabis testing materials and thereby support access to a quality-controlled supply of cannabis; and

       Broaden the educational qualifications for the Head of Laboratory, a position that is required for an analytical testing licence and is responsible for all cannabis testing activities that occur at the licensed site.

 

Transition periods are provided to reduce potential impacts on existing research licence holders conducting research with human participants, and on processing licence holders who produce cannabis beverages. The Cannabis Act serves as a flexible legislative framework that adapts and responds to the needs of Canadians.

 

Health Canada will continue to engage with stakeholders and pursue initiatives to address ongoing and emerging public health and safety issues to improve the cannabis framework so that it meets the needs of Canadians while continuing to displace the illicit market.

Quick Facts

       The Cannabis Act (the Act) came into force on October 17, 2018. With the Act, the Government of Canada legalized and strictly regulated the production, distribution, sale, import and export, and possession of cannabis.

       The Minister of Health and the Minister of Mental Health and Addictions launched the legislative review of the Cannabis Act on September 22, 2022. The review is being conducted by a five-member independent, expert panel, who will report their final conclusions and advice to the Ministers by Spring 2024.

       Health Canada's Forward Regulatory Plan provides information on regulatory initiatives that Health Canada aims to propose or finalise in the next two years, including those pertaining to the cannabis framework.

 

Associated Links for More Information:

       Backgrounder: Amendments on cannabis research and testing, and cannabis beverages

       Canada Gazette Part I - Notice of intent

       Canada Gazette Part I

       Cannabis Act

       Cannabis Regulations

       Cannabis in Canada

       Cannabis Exemption (Food and Drugs Act) Regulations

 

Curaleaf Holdings, Inc. (CSE: CURA) (OTCQX: CURLF), a leading international provider of consumer cannabis products, announced that its third "The Farmer's Select" product collaboration is now available across California in partnership with Autumn Brands, a woman-and-family-owned farm nestled on the coast of Santa Barbara County.

 

Autumn Brands cannabis is grown using sustainable farming techniques, natural sunlight and 100% no-spray cultivation. Utilising a closed-loop watering system, Autumn Brands ensures that no water is wasted during the growing process and all organic waste is composted. This focus on quality, consistency and sustainability ensures nothing but the best cannabis reaches consumers.

 

Select's latest collaboration transforms Autumn Brands' top-quality, limited-batch cannabis flower into the same Select Elite Live Oil that customers know and love. The limited-edition product line is now available at dispensaries across California in three strains including Jetlato (sativa), Pineapple MAC (hybrid) and Banana Jelly (indica).

 

"We are proud to align ourselves with a conscientious, high-quality cultivator like Autumn Brands that prioritises not just the consumer and the community but also the environment," said Matt Darin, CEO of Curaleaf. "With each Farmer's Select partnership, we aim to highlight the skills of innovative growers, talented extractors and craft operators that are vital to the success of the California cannabis industry. This program is another example of how operators both large and small can work together to creative a quality product and an inclusive, diverse industry."

 

"California has fostered a rich cannabis marketplace, and we believe that industry leaders should recognize the people, brands and businesses that make it all happen. We are thrilled to be a part of The Farmer's Select Program and support Curaleaf's efforts to uplift smaller, licensed operators across the state," said Autumn Shelton, CFO and Co-Founder of Autumn Brands.

 

Formally launched in July 2022, The Farmer's Select program is an ongoing series of limited-edition collaborations with craft farmers and diverse operators in California. The program reflects Curaleaf's commitment to providing premium products to consumers while uplifting smaller operators across the Golden State. Select previously partnered with Sonoma Hills Farm in April 2022 and Delighted Farms in July 2022 – both limited-edition product lines sold out in less than two weeks.

 

The Select Elite Live Autumn Brands collaboration is now available at dispensaries across California while supplies last. For more information on product availability, visit www.selectbetter.com/find-us or visit one of the participating retailers below.

 

Merrco Payments Inc., a leader in cannabis payments, and Gratify Payments Inc., the BNPL platform for payment companies, announced the launch of buy now pay later for Ontario cannabis retailers - a Canadian first. Gratify is a buy now pay later platform that offers a new way for retailers to meet consumer demand through payment plans. BNPL from Gratify helps cannabis retailers sell accessories and other high-ticket items, and helps consumers use the payment method that best suits them.

 

"Buy now pay later has been an exciting addition to how Canadians want to pay," said Fern Glowinsky, Merrco President and CEO. "Today, we're pioneering cannabis payments yet again and supporting cannabis retailers with new payment options just in time for the holiday season."

 

Features and benefits of Buy Now Pay Later from Gratify include:

      Help cannabis retailers offer more payment options to their customers

      Match the same range of payment experiences available in retail

      Keep up with consumer demand for payment method choice at the check out

 

"The cannabis retail industry is maturing, and consumers expect the same payment

experience they get elsewhere," says Ryan Brough, CEO of Gratify. "We're proud to help cannabis retailers in Ontario be first in Canada to accept buy now pay later."

Gratify BNPL will be available starting Dec. 12, 2022, for cannabis retailers served by Merrco in Ontario. For more information, visit www.merrco.com/bnpl.

 

High Tide Inc. (Nasdaq: HITI) (TSXV: HITI), a leading retail-focused cannabis company with bricks-and-mortar as well as global e-commerce assets, announced that it has begun selling cannabis seeds in the United States, initially through its wholly owned subsidiaries Grasscity and Smoke Cartel, which are the two most popular e-commerce platforms for consumption accessories in the world.2 The Company plans to expand seed sales to additional online retail platforms within its portfolio in 2023.3 This launch comes on the heels of the American Drug Enforcement Agency's recent official determination that cannabis seeds fall under the legal definition of hemp and can therefore be sold openly in the United States.

 

"With our entry into this new and exciting complementary vertical, we continue to extend and strengthen our integrated value chain, providing our customers with a complete cannabis experience, in addition to the opportunity to further enhance our consolidated gross margin profile. This new business venture will greatly expand our U.S. customer base, which already sits at 2.4 million through our ancillary cannabis business lines, and sets us up well to take advantage of federal legalization in the United States when it comes. This further diversification into the U.S. seeds market also strengthens our Canadian discount club model, as this new vertical is expected to generate significantly higher gross margins than our core brick-and mortar-business, which will help us continue to offer unbeatable prices to our Cabana Club members," said Raj Grover, President and Chief Executive Officer of High Tide.

 

"GrassCity and Smoke Cartel, due to their top SEO rankings, organically built over the last twenty-two and eight years, respectively, generate some of the highest online traffic in the consumption accessories space, which is why it makes sense for us to leverage this strength as we launch this new vertical in the United States. Innovation has always been a cornerstone of High Tide's strategy, and today's announcement is yet another example of how we will never stop looking for ways to enhance shareholder value while differentiating ourselves from the competition," added Mr. Grover.

 

Lastly today, a quick look at two recent news pieces related to the cannabis industry.

One from the Washington Post, comparing the risks associated with alcohol and cannabis, and another from the BBC, on a man committing manslaughter due to “cannabis-induced psychosis”.

 

I point to both of these to highlight the current rhetoric surrounding high-THC cannabis and the many supposed “unknown risks” involved with it, as well as how both the media and the medical community in general continue to perceive and view cannabis.

 

Both articles skew heavily towards the “dangers” of cannabis and seem to overplay the influence cannabis has on individuals as well as both demonstrate the use of specific word usage to suggest a greater danger than is factually proven.

 

When looking at the cannabis industry, one cannot disregard these top trending news pieces as one offs or as obvious scare propaganda as the impact they have on the masses as well as legislators is very real and very damaging to the success of the industry as a whole.

 

Often these singular cases are used as evidence against the industry when the conversation comes to decriminalisation or rescheduling and I have often discussed the one-sided nature of the cannabis discussion when it comes to research and medical evidence. The lack of credit given to independent researchers, often those who are not federally funded, combined with an overselling of the “dangers” and “risks” of high-THC product from mainstream news organisations can be viewed as the biggest indicators of where the industry currently is and where it is heading in the near future.

 

Many who have supported this industry since the grass-roots days have voiced their disappointment on the direction the industry has taken in the last few years with Canadian federal legalisation as well as individual state legalisation.

 

While I think most of us hope to see this industry follow in the footsteps of craft beer and boutique wineries, what we are seeing is a growing push to have this industry completely handed over to mega-pharma corporations. If that does happen most of the safety and natural medical benefits this industry has provided so far may fall into the same category of prescription medications soon enough.

 

When looking at continuing to invest in cannabis, we should all be considering not only what looks to be the short term and long term winners within the space, but also where we all want the space to go as it evolves. If cannabis becomes just another pharma product will the fight for legalisation and medical access be lost? Will that mean that in the end, government and corporate propaganda couldn’t be beaten?

 

Investorideas has tried many times to promote the idea of investing not only in your financial future, but also the future of ideas. When considering your next cannabis investment, please consider the future of cannabis as a whole and what the industry is meant to represent, not just as a short or long term money maker, otherwise it makes much more sense to invest in gold, silver and oil.

 

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.

 

About Investorideas.com - Big Investing Ideas

We publish breaking stock news, stock research, guest posts and create original top rated investing podcasts, plus sector tag articles featuring up and coming companies and industry leaders.  Investor Idea’s original branded content includes the Crypto Corner Podcast , Play by Play Sports Podcast , Cannabis News and Stocks on the Move Podcast ,  Cleantech and Climate Change Podcast,  Exploring Mining Podcast , Betting on Gaming Stocks Podcast and the AI Eye Podcast.  We also create free investor stock directories for AI and tech, biotech, cannabis, cleantech, crypto, defense, gaming, health and wellness, mining, oil and gas, sports and water. 

 

The Investorideas.com podcasts are also available on Apple Podcasts ,  Audible , Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio, Google Podcasts  and most audio platforms available.

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