Thursday 30 April 2020
Investor Ideas #Potcasts, #Cannabis News and #Stocks on the Move; Episode 407 (CSE: $CHOO.C) (TSX: $FAF.TO) (TSXV: $PCLO.V) (CSE: $TRUL.C) (CSE: $HOLL.C) (OTCQB: $HLIX)
Investor
Ideas #Potcasts, #Cannabis News and #Stocks on the Move; Episode 407 (CSE: $CHOO.C)
(TSX: $FAF.TO) (TSXV: $PCLO.V) (CSE: $TRUL.C) (CSE: $HOLL.C) (OTCQB: $HLIX)
Delta, Kelowna, BC, April 30, 2020 (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/2020/cannabis-potcasts/04301CHOO-FAF-PCLO-TRUL-HOLL-HLIX.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.
Today’s
podcast will be looking at a few public company announcements.
Choom™ (CSE:
CHOO) (OTCQB:
CHOOF), an elevated cannabis company, who has one of the
largest national retail networks in Canada, announced that it
has received the Approved In Principle (AIP) retail cannabis licensing for its
Olympic Village location in Vancouver, BC.
Corey
Gillon, CEO states, “Choom is extremely proud to have secured an AIP retail
cannabis license through the BC Liquor & Cannabis Regulation Branch
(BCLCR), Ministry of Attorney General. This is a big milestone for Choom in its
expansion into the Province. We will be operating in three provinces as of
mid-May and have further plans to open additional stores in Metro Vancouver
over the next few months. During this very challenging time for the global
economy, Choom is appreciative of the opportunity to provide a safe and
elevated retail experience for Vancouver clients.”
This
follows the company’s recent acquisition of its flagship location in Niagara
Falls, Ontario.
Fire & Flower
Holdings Corp. (TSX:
FAF), today
announced its financial and operational results for the
fifty-two and thirteen-weeks ended February 1, 2020.
Some
of the Financial and Operational Highlights for the 2019 Fiscal Year
Fifty-two
weeks ended February 1, 2020 included:
●
Achieved the target of 45 open and
operating retail stores ahead of schedule, on January 13, 2020 across the
provinces of Alberta, Saskatchewan, Manitoba and Ontario and the Yukon
territory.
●
Total revenue of $51.1 million at a gross
profit of 36.4%, compared to revenue of $13.0 million at a gross profit of
38.4% for the 2018 fiscal year – representing a 294% increase in revenue.
●
Closed the strategic investment with
Alimentation Couche-Tard Inc. ("Couche-Tard") with an initial
investment of $25.9 million (through 2707031 Ontario Inc., an indirect
wholly-owned subsidiary). The strategic investment would result in Couche-Tard obtaining
a controlling interest in Fire & Flower if all securities issued in
connection with the strategic investment are converted/exercised in full.
●
Completed numerous acquisitions relating to
cannabis retail stores in British Columbia, Alberta and Saskatchewan.
●
Secured more than $27 million of capital
through a bought deal private placement financing in June of 2019.
●
Hifyre launched the Spark Perks™ member
program providing benefits such as Fastlane "click-and-collect"
checkout, exclusive deals and access to member-only events. As of the end of
the Company's fiscal year, the program has enrolled more than 60,000 members.
●
Commercialized the Hifyre™ Digital Retail
and Analytics Platform producing an independent high margin revenue stream.
●
Hifyre entered into a strategic licence
agreement with COVA Software Solutions, an industry-leading point of sale
company to further commercialize the Hifyre Digital Retail and Analytics
Platform across Canada and in international markets.
●
Implemented a restructuring plan as part of
normal-course retail operations to maximize profitability across the Retail
Platform.
Subsequent
Financial and Operational Highlights post February 2, 2020
●
Maintained business continuity during the
COVID-19 public health crisis through rapidly implementing safety operating
procedures and the ability to continue to serve customers through the Hifyre
Digital Retail and Analytics Platform including the Spark Fastlane™
"click-and-collect" service, curbside pickup and home delivery in select
provinces.
●
Closed two private placements for aggregate
gross proceeds of $28 million with Green Acre Capital LP acting as the lead
investor and AltaCorp Capital Inc. acting as the exclusive financial advisor to
Fire & Flower in connection with the offerings.
●
Entered into a commitment letter with ATB
Financial for senior secured credit facilities of up to $10 million with an
option to secure an additional $5 million, subject to ATB Financial's consent
and other customary conditions.
●
Hifyre's Spark Perks member program
achieved more than 95,000 active members and continues to deliver highly
engaged customers across the Fire & Flower Retail Platform
●
Forced the conversion of all remaining
licensed producer debentures through the issuance of 12,223,638 common shares
"The
financial and operational results for our fiscal 2019 year and the fourth
quarter demonstrate Fire & Flower's continued track record of meeting our
organizational goals. This includes delivering on our store target of 45 open
and operating retail locations by the end of the fiscal year and dramatically
growing our sales," shared Trevor Fencott, Chief Executive Officer of Fire
& Flower. "Looking forward to fiscal 2020, our focus will be on
optimizing and growing our retail network where the Hifyre Digital Retail and
Analytics platform continues to be our competitive advantage. We will focus on
addressable markets and participating in those markets in a meaningful and
accretive fashion to our business."
There
were also other financial results announcements today from PharmaCielo Ltd. (TSXV:PCLO) (OTC:PCLOF), the
Canadian parent of Colombia's premier cultivator and producer of medicinal-grade
cannabis oil, PharmaCielo Colombia Holdings S.A.S.; Vibe Bioscience Ltd. (CSE:VIBE)(OTC:VBSCF), a
vertically integrated cannabis retailer and cultivator; and Jushi Holdings Inc. (CSE:
JUSH) (OTCQX:
JUSHF), a globally focused, multi-state cannabis and hemp
operator who expects to report its financial results for the fourth quarter and
full year ended December 31, 2019 as well as its accompanying management
discussion and analysis before the market opens on Thursday, May 7, 2020.
Trulieve Cannabis
Corp.
(CSE:
TRUL) (OTC:
TCNNF), a leading and top-performing cannabis company in the
United States, today
announced the launch of a new product, Blue River™ Rosin Cart,
through the successful partnership with Blue River™.
Blue
River™ Rosin is a strain-specific, full-spectrum, solvent-less hash oil. The
Blue River™ Rosin Cart offers patients a safe, convenient, and controlled way
to vaporize in a strain-specific solventless manner. Using advanced mechanical
separation techniques, Blue River™ can naturally preserve a higher
concentration of full-spectrum cannabinoids and terpenes without the use of
water, chemical solvents, or other additives.
"Trulieve
is excited to extend our partnership with Blue River, adding to their award-winning
terpene extracts, THCa and other trademark branded products on Trulieve's
shelves for Florida's growing patient base," said Trulieve's Chief
Marketing Officer, Valda Coryat. "Blue River's Rosin Cart adds to our
innovative focus, delivering more effective and enhanced experiences for our
Truliever community."
Commenting
on the launch, Tony Verzura, CEO Blue River™ said, "Over a year ago, we
installed our proprietary extraction equipment and began training the Trulieve
team on our advanced mechanical separation techniques in an effort to bring our
catalog of solventless products to patients in Florida. We made history
together by successfully launching Blue River™ Rosin, a strain-specific
concentrate, and again with THC-A, which is made through mechanical refinement
of that Rosin, and was well-received in the Florida market.
Hollister
Biosciences Inc. (CSE:
HOLL) (OTC:
HSTRF), a diversified cannabis branding company with products
in over 220 dispensaries throughout California, announced that
further to the signing of the definitive agreement, as amended, the Company has
now closed its acquisition of AlphaMind Brands Inc., a growth stage company,
that is developing a portfolio of certified legal mushroom based natural health
products.
"We
are very pleased to close our acquisition of AlphaMind", shared Carl
Saling, Founder and CEO of Hollister.
"It is our continual objective to broaden our product scope and
Alphamind, with its experienced management team, is a perfect foothold for us
in the fast-growing market for medicinal mushrooms and complements our existing
cannabis and hemp-based product offering.
We are excited to bring another promising brand under the Hollister
umbrella, especially in such a fast growing and exciting sector."
"We
are very pleased to have closed this transaction", shared Dr. Nikos C.
Apostolopoulos, Chief Product & Research Officer of Alphamind Brands. "We are looking forward to working with
Hollister to build out our medicinal mushroom based product line and conducting
further R&D to develop an exciting IP portfolio surrounding psilocybin
based pharmaceutical treatments."
Helix Technologies,
Inc. (OTCQB:
HLIX), the leading provider of critical infrastructure
services to the legal cannabis industry and Hypur Inc., the premier provider of compliant, safe, and
sustainable payment and banking options for high-risk, cash-intensive
businesses, today
announced a new partnership to help power operational logistics
and financial capabilities for each other’s customer networks. Together, these
market-leading technology companies will help cannabis businesses maintain
compliance while continuing to grow amid surging consumer demands and evolving
retail expectations for services, including curbside pickup and delivery during
COVID-19.
“We
continue to build upon our network of partners to provide the cannabis industry
with high-caliber technology tools and resources to help businesses thrive,”
says Tyler Beuerlein, CRO at Hypur. “Our team is impressed by the standard of
Helix BioTrack’s products and services, and we’re confident our partnership
will help boost companies in this fast-growing market.”
As
part of the partnership, Hypur will support Helix BioTrack’s cannabis retailer
network with modern, digital payment products. Cannabis businesses who choose
to partner with Hypur and leverage its technology can utilize the company’s
digital Hypur Pay™ product to create a safer, more convenient payment ecosystem
for the cannabis industry.
Hypur’s
reliable and compliant technology reduces cash handling, eliminating the extra
step of stopping at an ATM, and physical contact at checkout. With its new
“safe checkout” product feature, Hypur provides contactless payments for
in-store, delivery, and curbside pickup purchases, alongside an added tipping
feature for delivery drivers and budtenders.
The
availability of digital payment solutions for cannabis deliveries and purchases
is crucial as the cannabis industry has been deemed “essential” in many cities
and states around the country. As a result, many have been experiencing a surge
in consumer sales during the current global novel coronavirus (COVID-19)
pandemic, which urges “social distancing” and “shelter-in-place” mandates to
uphold public health and safety.
“Our
team is dedicated to creating a seamless experience for cannabis
businesses—especially now as many merchants are navigating changes resulting
from the pandemic,” says Moe Afaneh, COO at Helix BioTrack. “We are excited to
be partnering with Hypur, a company that shares our vision to provide critical
infrastructure, in this case payments, to the extensive base of customers we
serve.”
Investor
ideas reminds all listeners to read our disclaimers and disclosures on the
Investorideas.com
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loss of investment
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Breaking #CBD and #Blockchain #Stock News for Sun Kissed Industries Inc. (OTCMKTS: $SKDI) - Numuni Completes Phase 1, Begins Revenue Generating Phase 2 With Blockchain Technology Integration; @sunkissinc
Breaking #CBD and #Blockchain #Stock News for Sun Kissed
Industries Inc. (OTCMKTS: $SKDI) - Numuni Completes Phase 1, Begins Revenue Generating
Phase 2 With Blockchain Technology Integration; @sunkissinc
NEW YORK, April 30, 2020 – (Investorideas.com newswire) – Breaking cannabis/CBD and
Blockchain stock news - Sun Kissed Industries Inc. (OTCMKTS:SKDI) ("Sun Kissed", "SKDI", or
the "Company"), an emerging leader in the CBD Food and Beverage
marketplace, and Numuni, Inc. ("Numuni"), an innovative digital media
monetization platform, are pleased to announce that the integration of
Blockchain technology, a key revenue generating phase, has begun.
Read this news
featuring SKDI in full at https://www.investorideas.com/news/2020/cannabis/04301OTCSKDI-BlockchainTechnologyIntegration.asp
Harnessing the computation power of
100’s, 1000’s or 10’s of thousands of computers is a commodity that commands a
premium price. Numuni’s platform of distributed computing allows, at its most
basic level, the company to mine blockchain based assets. Expanding on this,
Numuni is developing a marketplace to allow the ‘renting’ of this processing
power to research institutes, CGI production companies, cryptocurrency mining
and more.
A recent report released by Statista
shows that the U.S public cloud services market is over $250 billion dollars in
size and expected to exceed $350 billion by 2022. While this growth rate is
phenomenal, there is a vast amount of computational resource left idle. A
webserver sits idle between page requests, a desktop PC uses near 0% of the
CPU/GPU while reading emails, all this computational power is going to waste,
that is what Numuni is tapping in to.
The Numuni client platform will be made
available across a wide variety of OS’s with an estimated $2 per machine per
month revenue. By using the platform, depending on the digital partner website,
users may have access to ad-free browsing, expanded or previously ‘pay only’
sections of a website and more. While websites may initially be the driving
force, the gaming market is massive and provides a lucrative opportunity to
reduce/eliminate ad’s for the player while increasing revenues for the
publisher and providing Numuni with additional saleable computation power.
Numuni CEO Robert Reynolds said “Our
platform, unlike others that you may be familiar with (Seti@home, Folding@home, etc) is designed from the ground
up with near limitless adaptability. Feedback from our over 6,000 beta installs
has allowed the rapid shift from Phase 1 to Phase 2. The team at Numuni is
excited to switch gears from strict R&D to a production environment
generating revenues internally via mining and externally via computational
resource contracts.“
Carl Grant, CEO of Sun Kissed, commented
“As discussed by Robert Reynolds, the Numuni platform brings massive
computational power within easy reach for many institutions, companies and
individuals. This puts Sun Kissed and Numuni at the forefront of the next wave
in the computer science field.”
About Sun Kissed Industries, Inc.
Sun Kissed Industries Inc. (OTCMKTS:SKDI) is an emerging
leader in the CBD-based products marketplace. The Company is pursuing
meaningful acquisitions as part of an aggressive M&A strategy designed to
position Sun Kissed as a dominant player in a well-defined, high-growth niche
within the rapidly expanding CBD sector.
About Numuni
Numuni is a technology platform that aims
to disrupt the digital marketplace for paid content by making use of the vast
amount of unused computing resource that personal computer desktops have. By
working with the world’s largest media publication companies, Numuni will tap
into their user base, achieving massive distributed super computing power. This
system will revolutionize the market, allowing for true, on-demand, scalable computational
power for sale on the Numuni marketplace.
FORWARD-LOOKING STATEMENTS:
This press release may contain forward-looking statements,
including information about management's view of Sun Kissed Industries Inc.'s
future expectations, plans and prospects. In particular, when used in the
preceding discussion, the words "believes," "expects,"
"intends," "plans," "anticipates," or
"may," and similar conditional expressions are intended to identify
forward-looking statements. Any statements made in this news release other than
those of historical fact, about an action, event or development, are
forward-looking statements. These statements involve known and unknown risks,
uncertainties and other factors, which may cause the results of Sun Kissed, its
subsidiaries and concepts to be materially different than those expressed or
implied in such statements. Unknown or unpredictable factors also could have
material adverse effects on Sun Kissed’s future results. The forward-looking
statements included in this press release are made only as of the date hereof.
Sun Kissed cannot guarantee future results, levels of activity, performance or
achievements. Accordingly, you should not place undue reliance on these
forward-looking statements. Finally, Sun Kissed undertakes no obligation to
update these statements after the date of this release, except as required by
law, and also takes no obligation to update or correct information prepared by
third parties that are not paid for by Sun Kissed.
SOURCE: Sun Kissed Industries Inc.
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Wednesday 29 April 2020
Investorideas.com - Cannabis Deal Tracker: Investment and M&Amp;A Activity in the Cannabis Industry
Investorideas.com - Cannabis Deal Tracker: Investment and M&Amp;A Activity in the Cannabis Industry
Get the latest Cannabis and Hemp stock news from www.investorideas.com
Get the latest Cannabis and Hemp stock news from www.investorideas.com
Investorideas.com - Cannabis Stock News: Beleave (CSE: BE) (OTC: BLEVF) Refiles Amended and Restated MD&Amp;A and Financial Statements
Investorideas.com - Cannabis Stock News: Beleave (CSE: BE) (OTC: BLEVF) Refiles Amended and Restated MD&Amp;A and Financial Statements
www.investorideas.com - news that inspires big ideas
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Investor Ideas #Potcasts, #Cannabis News and #Stocks on the Move; Episode 406 (OTC: $CSUI) (TSXV: $SUGR.V) (OTC: $RLLRF) (TSXV: $EMH.V) (OTCQX: $EMHTF)
Investor
Ideas #Potcasts, #Cannabis News and #Stocks on the Move; Episode 406 (OTC: $CSUI)
(TSXV: $SUGR.V) (OTC: $RLLRF) (TSXV: $EMH.V) (OTCQX: $EMHTF)
Delta, Kelowna, BC, April 29, 2020 (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
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.
Today’s
podcast will be looking at a few public company announcements as well as state
and city regulatory changes in the works.
To
differentiate itself from other Cannabis based companies, Cannabis Suisse Corp (OTC:
CSUI) announced
creating some new cannabis products, their Alpine Cannabis Hemp Extract Oils..
CBD-related
products have been increasingly popular over the recent few years. And it's
been happening for a reason. CBD doesn't get users high and has an ability to
treat multiple conditions and diseases. Apart from that, the U.S. DEA has
officially removed the CBD with little to no THC from their list of controlled
substances.
Cannabis
Suisse’s high-grade cannabis oil will be sold in concentrations of 10%, 15%,
and 25% CBD. It is produced in Switzerland and supplied to both medical and
recreational vendors. However, there are some market and legal restrictions
that may apply outside of Switzerland.
Cannabidiol,
also known as CBD, oil can be obtained from Cannabis plants along with over 100
other compounds. It is widely used in therapeutics and is known to ease the
symptoms of anxiety, epilepsy and even cancer.
As
of now, the most significant research confirms positive effects of CBD oil for
patients experiencing seizures (https://www.nature.com/articles/s41598-019-44056-y).
Scientists tend to believe that CBD oil helps repress seizures by slowing down
signals that are sent to the brain and by changing levels of calcium in brain
cells thus decreasing inflammation in the brain. Some studies suggest that CBD
may help with diabetes, heart diseases, substance abuse, mental disorders and
certain types of cancers. CBD can have a beneficial effect on the skin due to
anti-inflammatory properties and the ability to control skin pores and glands.
Sugarbud Craft
Growers Corp. (TSXV:
SUGR) (OTC:
RLLRF) announced that as
part of the previously announced third-party licensing and distribution
agreement with Agro-Greens Natural Products Ltd. it will officially launch its
Craft Cannabis Collection of adult use recreational cannabis products on June
23, 2020.
Sugarbud
also announced that it has filed and been receipted for a preliminary
short-form prospectus with the securities regulatory authorities in all
provinces of Canada (except Québec) in connection with a commercially
reasonable "best efforts" marketed public offering of secured
convertible debenture units at a price of $1,000 per Debenture Unit for gross
proceeds of up to a maximum of $4.0 million. Mackie Research Capital
Corporation will act as sole book-runner and agent in respect of the Offering.
"Comprised
of some of the most exquisite and exclusive strains, the Sugarbud Craft
Cannabis Collection promises to deliver an exceptional experience to even the
most discerning of customers," stated Sugarbud CEO, John Kondrosky. "In addition to the consistency of our
flower, we view potency and terpene profiles to be a very strong indicator of
quality and, based upon our results to date, we could not be more thrilled with
what we have currently in our new product pipeline," continued Mr.
Kondrosky. "Our operating and cultivation teams continue to execute
extremely well and in a manner consistent with our vision to deliver superior products
to legal markets in Canada. With an average total THC value of 23.6%1
across our entire first harvest, we view the results we have achieved to date
as a clear indication of superior outcomes and we have every reason to believe
that our approach to the cultivation of ultra-premium craft cannabis will
consistently deliver on our commitment to quality and an exceptional consumer
experience," continued Mr. Kondrosky.
"The
launch of the Sugarbud Craft Cannabis Collection and our entry into the
recreational cannabis market in Canada represents both a pivotal and
transformational catalyst for growth and value creation for Sugarbud,"
concluded Mr. Kondrosky.
Emerald Health
Therapeutics, Inc. (TSXV:
EMH)
(OTCQX:
EMHTF) announced its new
nanoemulsion-based Fast Action Spray product line, an important step in
Emerald’s Cannabis 2.0 strategy and a unique offering in the Canadian cannabis
marketplace. This unique formulation offers notable advantages over existing
formats of cannabis consumption in terms of convenience and predictability of
consumption. The product line will consist of CBD and THC cannabinoids mixed
with specific terpenes and flavorings. The first product is planned for launch
in June.
Emerald’s
first product is a CBD 12.5 mg/mL + myrcene combination that it expects to
launch for medical users in June. Additional products include a CBD 15 mg/mL
lemon + limonene combination and a THC 15 mg/mL citrus + limonene combination,
expected to be launched in July into adult-use channels. Emerald has chosen to
add specific all-natural terpenes to its nanoemulsion product line: myrcene has
been shown to have anti-inflammatory, analgesic, and anxiolytic properties;
limonene has been shown to have anti-inflammatory, analgesic, antioxidant,
antidepressant and immunostimulating attributes*. Emerald is also developing
“flavour-masked” versions, which will have significantly less cannabis flavour.
All of the Fast Action Spray products will be packaged in 15 mL bottles.
“This
is a game-changing new product category for the Canadian cannabis marketplace,”
said Riaz Bandali, President & CEO of Emerald. “Our nanoemulsion product
line offers convenience, predictability, no odour, and attractive value
relative to the amount of absorbable active ingredient. We believe these
products offer both medical and adult-use consumers a tremendously advantageous
choice compared to inhaled or edible products to achieve desired outcomes from
cannabis. We are pleased with the interest from cannabis distribution boards in
multiple provinces that we have experienced about this new product and look
forward to soon launching this line.”
Lastly
we look at regulations, the section of the industry that is facing a lot of
change and pushback as this pandemic continues.
In
recent
news in Denver, a new working group whose membership
comprises of marijuana industry and community stakeholders aims to have the
City of Denver's ear on pot licensing issues such as weed delivery and
hospitality businesses.
In an April 27 memo sent to
marijuana business owners in Denver, the Denver Department of Excise and
Licenses described the Marijuana Licensing Work Group, a 24-person advisory
board that will "review, discuss and make recommendations on policy
direction and possible marijuana licensing laws, rules and regulation,"
according to the announcement.
The MLWG will
review licensing opportunities granted by two
new laws allowing pot delivery and social consumption businesses in
Colorado. Both laws require local approval before such services are allowed
within a municipality's borders, and the working group has been a planned step
in Denver's exploration of the new opportunities.
Virtual meetings
are currently scheduled to take place May 14, May 28, June 11 and June 25 on
Zoom to avoid human interaction during the COVID-19 pandemic; those online
meetings are open to the public.
This is not the
only regulatory change in the works and I would recommend Cannabis
Business Times for more updated news regarding state by
state regulation changes during the COVID-19 Pandemic.
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,
Spotify, Google Play Music, Stitcher, Spreaker, YouTube via Spreaker, iHeartradio and Tunein.
Potcasts is now a certified
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Stocks to Watch Battling the Opioid Epidemic; Stocks Mentioned in this article: Greenlane Holdings, Inc. (NASDAQ: $GNLN), Safe Supply Streaming Co Ltd. (CSE: $SPLY.CN), Nutriband Inc. (NASDAQ: $NTRB), QuidelOrtho Corporation (Nasdaq: $QDEL), Emergent BioSolutions Inc. (NYSE: $EBS)
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