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
website and this podcast is not an endorsement to buy products or services or
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