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.
Listen to the podcast:
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.
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
Learn more about
our cannabis podcasts at https://www.investorideas.com/Audio/Potcasts.asp
Investorideas.com
podcasts are also available on iTunes,
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word mark Trademark on the blockchain through Cognate, Inc. CM
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