Investor Ideas #Potcasts; #Cannabis News and #Stocks on the Move; Canopy Rivers (TSX: $RIV.TO) (OTC: $CNPOF) CEO Interview
Delta, Kelowna, BC, November 25, 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 podcast edition of cannabis news and stocks to watch plus insight from thought leaders and experts.
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Read this in full at https://www.investorideas.com/news/2019/cannabis-potcasts/11251Interview-RIV.asp
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 Investorideas interviews Narbe Alexandrian, President and CEO of Canopy Rivers Inc. (TSX:RIV) (OTC: CNPOF), where he discusses the company’s most recent news and financials as well as the industry as a whole.
When asked about what has been developing in the Canopy Rivers portfolio since our previous interview, Alexandrian went on to say, “there’s a lot that’s taken place for Canopy Rivers and our portfolio of companies over the last little while. We have a portfolio company in the data intelligence sector, Headset, which recently launched a data intelligence tool for retailers to understand what their sales metrics are as well as to compare metrics with the overall marketplace. Headset has also launched into Canada with Alberta being the first province. Our multi-state operator, TerrAscend Corporation, appointed Jason Ackerman to its board of Directors. Jason is a founder and former CEO of online grocer Fresh Direct and was also named executive chairman of the company and is going to be overseeing the day to day operations of the U.S. segment of TerrAscend. James E. Wagner Cultivation raised a sizeable loan from Trichome Financial Corporation, using it to expand its flagship facility in Kitchener, Ontario and continue with its cultivation. Subsequently, JWC announced two major announcements to position it as a leading producer and supplier of premium cannabis products. First it entered into a supply and manufacturing agreement with Cannacure Corporation, for the filling of vape cartridges for the Canadian market, as well as it entered into a brokerage agreement with Kindred. Kindred is something that Canopy Rivers has been working on for quite some time. Kindred is the cannabis distribution platform for Breakthrough Beverages, and for those who don’t know, Breakthrough Beverages is the top one or two largest liquor distributor in North America and they do work with Diageo or Gala Wines, and they;ve taken a step into the cannabis industry to use the power of distribution and understanding of regulated markets to create a distribution platform for Cannabis companies within the Canadian market. We’re really excited about our strategic partnership and about lending them into our portfolio of companies.”
Alexandrian continued to discuss how this partnership with Kindred would add value to the Canopy Rivers portfolio of companies, especially with regards to Cannabis 2.0, saying, “the problem we have within the Canadian industry, or just in general within the industry, is lack of distribution. You have a ton of demand in every single geography that’s looking to legalize and you have a number of producers as well but just the distribution points of retail just aren’t there. I like to use the anecdote of Coke and Pepsi who aren’t successful because they spend hundreds of millions of dollars on advertising; they’re successful because they have distribution. Any store, restaurant, quick service or fast food chain that you walk into, there’s typically a Coke and Pepsi machine there or some type of vending machine or fridge you can get product off of. That’s distribution 101. On the cannabis side, we’re just seeing distribution start to form, especially in Canada, but in some U.S. States as well that are starting to legalize, where currently its really hard to get product and your fighting with the illicit market, overtime distribution becomes more prominent. To get to multiple points you can develop everything in house or you can go out and find one of the distributors in the market. Our thesis at Canopy Rivers is that vertical integration doesn’t work. So in our perspective there’s going to be a leader that’s a pure play distribution platform, and we thought that the team and vision that Breakthrough Beverages had in creating Kindred were really top notch and that this was going to be a company that was going to usher in a new form of distribution within the Cannabis sector.”
Alexandrian went on to discuss the industry in general in both the U.S. and Canada as well as what investors can look forward to from Canopy Rivers.
To find out more information regarding Canopy Rivers visit their website here.
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