Investor
Ideas #Potcasts, #Cannabis News and #Stocks on the Move; Episode 457 (TSX: $VLNS.TO)
(TSXV: $MTRX.V) (CSE: $TER.C) (TSXV: $N.V) (TSXV: $NDVA.V)
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https://www.investorideas.com/Audio/Podcasts/2020/082020-StocksToWatch.mp3
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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 we look at a few public and private company announcements.
The
Valens Company Inc. (TSX:
VLNS) (OTCQX:
VLNCF) announced that it
has received its Cannabis Research Licence under Health Canada's Cannabis Act
and Cannabis Regulations through its wholly-owned subsidiary, Valens Agritech
Ltd.
This licence permits The Valens
Company to conduct research involving the administration or distribution of
cannabis to human subjects for the assessment of taste, sight, smell or touch,
subject to conditions laid out by Health Canada. The Company will use this
licence to conduct controlled human trials for the sensory evaluation of its
cannabis extracts, concentrates and oils, including vaporizers, and beverage
and edible products, at its extraction, manufacturing and testing facilities in
Kelowna, B.C.
"This exciting and strategic
milestone gives us the competitive advantage to further innovate and
differentiate our leading oil-based product offerings," said Tyler Robson,
Chief Executive Officer of The Valens Company. "With this research
licence, we are now able to perform sensory assessments at the product
development stage to determine quality and marketability of our products to
maximize potential launch success. Findings from future proprietary research
initiatives will advance our understanding of cannabis preferences allowing us
to continue developing premium, next generation products that meet evolving
customer and consumer needs."
Sensory evaluation measures,
analyses, and interprets the reactions of human subjects to products as
perceived by the senses, and is used as a way of determining whether product
differences are detected, the basis for those differences and the diversity of
preferences. This evaluation method will enhance the Company's custom
manufacturing and white label services with the added ability to assess the
palatability of bespoke cannabis blends formulated with Valens' extensive
terpene database. It will also expand the Company's innovation pipeline across
all key product divisions.
Jeff Fallows, President of The
Valens Company, added, "Cannabis research derived from human trials is
highly critical and valuable at this stage of the industry's growth cycle, and
we look forward to having data-backed knowledge of how consumers experience
different products to advance our research and development strategy, and in
turn, bring consumer focused products to market. This research licence not only
solidifies our position as a one-stop shop for our customers by increasing our
presence within their value chains, but also provides added credibility to our
platform as we look to expand to new markets."
Loop
Insights Inc. (TSXV:
MTRX), a provider of contactless solutions and artificial
intelligence ("AI") to drive real-time insights, automated marketing,
and contact tracing to the brick and mortar space, announced the
signing of a Pilot Agreement with Sunflora Inc., to implement Loop's analytics
platform into 20 of its Your CBD Store
retail locations.
Your CBD
Store
is the largest CBD brick and mortar retailer in the United States, selling
award-winning SunMed products. Upon
successful completion of the Pilot, it is the intention of both parties to
implement Loop's artificial intelligence driven analytics platform across all
550+ Your CBD Store locations in 41
States across America.
Sunflora President of Franchise
Systems, Jay Benge stated "There's no greater time to utilize top-tier
artificial intelligence technology to gain an edge in this industry. Our
customer base is huge, and it's important to understand their needs and
preferences to maximize basket size, loyalty and wallet share. We look forward
to working with Loop and building unparalleled experiences for our
customers."
On August 10th, Loop announced a
"Reseller Partnership And First Sale With Vend, A Global POS Company Used
In 25,000 Stores Across 140 Countries".
In that announcement Loop and Vend announced the first sale to a Vend
client with 30 stores across North America.
Today's announcement represents the
second deal through Vend in just 10 days, which bodes well for the future of
the partnership and further demonstrates the efficacy of the Company's
artificial intelligence driven marketing solution to the brick and mortar
space.
Loop Insights CEO, Rob Anson stated
"Our Vend partnership has already demonstrated great value for Loop by
rapidly accelerating our entry into large verticals such as CBD retail. CBD
sales are seeing massive growth rates since the start of the pandemic, so this
Pilot with Sunflora Inc. puts Loop in a very strong position to become a
partner to the massive CBD retail market."
TerrAscend
Corp.
(CSE:
TER)
(OTCQX:
TRSSF), a leading North American cannabis operator, reported
financial results for its second quarter ending June 30,
2020.
Some of the Second Quarter 2020
Financial Highlights included:
● Net
sales increased 169% to $47.2 million from $17.6 million.
● Gross
margin increased to 56%, compared to 9% (before gain on fair value of
biological assets).
● Adjusted
EBITDA1 was $11.4 million, or 24% of net sales.
● Positive
Cashflow from operations of $10.4 million.
● Cash
& equivalents (including restricted cash) of $75 million, compared to $17
million.
"We are producing strong
revenue growth while maintaining our focus on delivering industry leading
margins and profitability," said Jason Ackerman, CEO and Executive
Chairman of TerrAscend. "I am incredibly proud of the performance we have
achieved to date and want to thank our entire team for the great execution.
After achieving our first quarter of positive EBITDA in Q1, we have now
achieved another significant milestone of positive cashflow from operations in
Q2. Moving into the second half of 2020,
we look forward to continued strong revenue and profitable growth as we bring
our high-quality products to New Jersey patients through our first Apothecarium
dispensary in the state, further expand our cultivation capacity in
Pennsylvania, and add to our retail footprint in California. We are also very excited to complete the
buildout of our cultivation facility in New Jersey which will begin to generate
material sales in early 2021".
Namaste
Technologies Inc. (TSXV:
N)
(OTC:
NXTTF), a leading online platform for cannabis products,
accessories, and responsible education, announced that
its wholly-owned subsidiary, CannMart Inc., has signed an agreement with Indiva
Inc., a wholly-owned subsidiary of Indiva
Limited (TSXV:NDVA) (OTCQX:NDVAF), a
leading Canadian producer of cannabis edibles and other cannabis products, to
offer a selection of Indiva's products on CannMart's B2C distribution channel
for their medical customers.
"CannMart is increasing its
reach into the legal Canadian cannabis market and is a natural choice for our
award winning products," said Niel Marotta, President and CEO, Indiva
Limited. "Our softgels and capsules are highly regarded for their
consistency and quality and will be available on the CannMart marketplace in
late August. Later this fall we look forward to introducing our award-winning
Bhang® Chocolate and Wana™ Sour Gummies to the CannMart product universe."
"Indiva's CBD Softgels, Indica
Capsules along with Bhang® Chocolates and Wana™ Sour Gummies are a great
addition to CannMart," said Meni Morim, CEO of Namaste
Indiva is a licensed producer of
premium cannabis and cannabis products, and a provider of production and
manufacturing services to third parties. Its state-of-the-art facility in
London, Ontario includes environmentally-conscious grow rooms and a production
and manufacturing space that produces safe, high-quality cannabis products.
Indiva produces and distributes high-quality and award-winning Bhang®
Chocolate, Wana™ Sour Gummies, Ruby® Cannabis Sugar, Sapphire™ Cannabis Salt,
and other derivative products through license agreements and joint ventures.
Namaste is adding Indiva's product
line to CannMart, its online marketplace, as it continues to expand its
Cannabis 2.0 product offering. CannMart is an online marketplace carrying a
large selection of legal cannabis products and accessories from many of the
best cannabis producers in Canada and around the world. It is focused on
providing medical cannabis patients and adult-use enthusiasts with access to
the highest quality cannabis products available. CannMart also prepares,
packages and distributes cannabis products through strategic relationships with
leading government agencies.
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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.
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