Wednesday, 25 November 2020

Investorideas.com - Cannabis Stock News: Village Farms International's (NASDAQ: $VFF) (TSX: VFF) Pure Sunfarms Enters into Supply Agreement with Medical Cannabis by Shoppers Inc.

Investorideas.com - Cannabis Stock News: Village Farms International's (NASDAQ: $VFF) (TSX: VFF) Pure Sunfarms Enters into Supply Agreement with Medical Cannabis by Shoppers Inc.

Investorideas.com - Cannabis Stock News: Aurora Cannabis (NYSE: $ACB) (TSX: $ACB.TO) Announces Israeli Medical Supply Agreement with Cantek

Investorideas.com - Cannabis Stock News: Aurora Cannabis (NYSE: $ACB) (TSX: $ACB.TO) Announces Israeli Medical Supply Agreement with Cantek

Investorideas.com - Cannabis Deal Tracker: Investment and M&A Activity in the Cannabis Industry November 16th - November 20th, 2020

Investorideas.com - Cannabis Deal Tracker: Investment and M&A Activity in the Cannabis Industry November 16th - November 20th, 2020

Investor Ideas #Potcasts, #Cannabis News and #Stocks on the Move; Episode 501- Looking back at 500 Episodes Favourite Interviews –Tommy Chong, Montel Williams, Shavo from System of the Down and More

Investor Ideas #Potcasts, #Cannabis News and #Stocks on the Move; Episode 501- Looking back at 500 Episodes Favourite Interviews –Tommy Chong, Montel Williams, Shavo from System of the Down and More     

 

Stocks Mentioned (TSX: $HIT.TO) (NYSE: $ACB) (NASDAQ: $NEPT) (NASDAQ: $VFF)

 


Delta, Kelowna, BC, November 25, 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:

https://www.investorideas.com/Audio/Podcasts/2020/112520-StocksToWatch.mp3

 

Read this in full at https://www.investorideas.com/news/2020/cannabis-potcasts/11251HIT-ACB-NEPT-VFF.asp

 

Hear Investor ideas cannabis potcast on iTunes  

 

Hear the investor ideas potcast on Spotify

 

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 will be looking at a few private and public company announcements.

 

High Tide Inc. (TSXV: HITI) (OTCQB: HITIF), a retail-focused cannabis corporation enhanced by the manufacturing and distribution of consumption accessories, announced that its wholly-owned subsidiary, Valiant Distribution Canada Inc., has signed a trademark license agreement with JW Homegoods, LLC to use the "Jane West" and "JW" trademarks for a term of 2 years (the "Jane West License"). Jane West is a high-profile American cannabis activist, influencer and founder of her global lifestyle brand. The Jane West License grants Valiant the right to manufacture, promote, advertise, distribute and sell certain types of consumption accessories in Canada, the United States, the United Kingdom and the European Union.

 

The royalty-based merchandising agreement includes the production of vaporizers, glass filtration devices, grinders and rolling trays, among other items. "We are excited to launch Jane West-branded products into the international legal smoke shop market as soon as possible, following the success of her established glassware line that has been widely distributed across North America," said Andy Palalas, Chief Revenue Officer of High Tide. "As the founder of Women Grow, creator of her popular glassware line and developer of a rapidly growing set of packaging partnerships, Jane is a visionary and we will be privileged to work alongside her to develop her next line of consumption accessories," added Mr. Palalas. Under its wholesale business segment, High Tide expects to design and distribute these new products as part of the established Famous Brandz line of consumption accessories, which currently includes the brands of Snoop Dogg Pounds, Cheech and Chong's Up In Smoke, Trailer Park Boys, Jay and Silent Bob, Guns N' Roses and more.

 

Aurora Cannabis Inc. (NYSE: ACB) (TSX: ACB), the Canadian company defining the future of cannabinoids worldwide, announced today it has entered into a strategic Supply Agreement with Cantek Holdings , one of Israel's leaders in the medical cannabis field.

 

Under the terms of the Agreement, Aurora will supply Cantek with dried bulk flower over a two-year period, with the option to extend. The Company intends to provide Cantek with a minimum of 4,000 kgs of bulk dried flower annually, which will be processed into finished product, and co-branded under the Aurora and Cantek brand names for the Israeli market with the potential for additional international market sales.  Having secured all necessary export and import permits, the initial shipment of cannabis under the Agreement occurred during the week of November 16, 2020.

 

"We are excited about our strategic relationship with Cantek, a leader in the Israeli market. This Agreement provides Aurora with a great opportunity to expand our medical cannabis brand and industry leading science in one of our key international markets of focus," said Miguel Martin, Chief Executive Officer of Aurora. "Today's announcement demonstrates more than just a supply agreement. It's about the strength and quality of the Aurora medical brand being validated once again by the world's medical cannabis markets, including countries like Israel in which we had no distribution prior to today. We consider this Agreement to be a significant step for Aurora, and we look forward to bringing our high-quality medical cannabis products to patients in Israel."

 

"We are proud to partner with Aurora, a global leader who shares with us the same quality values and commitments of meeting patients' needs and improving their quality of life. This is a vote of confidence in Cantek's leadership and the Israeli market," said Netsah Israel, Chief Executive Officer of Cantek."

 

Cantek is one of the leading Medical Cannabis enterprises in Israel, with a foothold across the entire value chain of the medical cannabis industry in Israel. Cantek holds strategic partnerships with prominent drugstore chains, distribution companies, clinics and is deeply involved with Israel's growing medical cannabis patient community.

 

Aurora is now strategically positioned in two of the largest legal medical cannabis markets outside of Canada – Germany and now Israel, one of the largest importers of medical cannabis in the world. The Company plans to continue to leverage its market leadership as it further develops its medical cannabis markets internationally in key markets.

 

Neptune Wellness Solutions, Inc. (NASDAQ: NEPT) (TSX: NEPT), a diversified and fully integrated health and wellness company focused on natural, plant-based, sustainable and purpose-driven lifestyle brands, announced today it has secured its first purchase orders of its own inhouse developed Cannabis brand Mood Ring™ products to the British Columbia Liquor Distribution Branch (BCLDB), the wholesaler and public retailer of non-medical cannabis throughout the province.

 

Neptune's Mood Ring™ products, namely High CBD Oil and High CBD Capsules will be available for purchase in December through the BC Cannabis Store online, in addition to its 24 government-run retail locations across British Columbia. Additionally, the Mood Ring™ product line will be available to the 295 private licensed retailers in British Columbia. The products are manufactured at the Company's purpose-built facility in Sherbrooke, Quebec.

Neptune's other Mood Ring™ products, namely Classic Hashish and Legacy Hashish use the Company's newly implemented and proprietary solventless extraction for THC concentrates.

 

In further developments relating to Neptune's cannabis business activities, Neptune's Chief Executive Office and President Michael Cammarata stated:

       The Company is readying itself for future expansion in adult use-cannabis and global hemp, beginning in the United States with the potential for legalization of cannabis under President-Elect Joe Biden.

       In the U.S., Neptune believes its unique product offerings will likewise position the Company to enter what will be a highly lucrative market and to meet consumer demand with market-leading, dependable and responsible 'Made in the USA' brands.

       Neptune will open a Florida-based office in March 2021 to focus on U.S. legislation matters in Cannabis and global growth opportunities. This office will lead the Company's international institutional advocacy program to drive the conversion of cannabis from an illicit to regulated market.

       Dr. Sibel Uslu has joined Neptune as its Vice President of Product Development, leading all the Company's product development activities for cannabis, hemp, isolates and other specialty ingredients for new and innovative commercial products in order to continuously expand Neptune's brand portfolio.

       To date, Neptune has brought 16 SKUs to market this fiscal year — 11 of which are in adult use-cannabis and global hemp and a further five in health and wellness innovation.

       The Company's mission is to become the brand leader in cannabis and we have established a KPI program that we believe will deliver new and innovative SKUs for the next five successive quarters.

       The Company has pledged to be cruelty-free/not tested on animals in its manufacturing.

       Neptune is proactively negotiating with brand ambassadors to build, accelerate and increase product offerings across various generations and demographics.

 

"In Canada, Neptune anticipates further purchase orders imminently, following the signing of a supply agreement with Ontario Cannabis Store (OCS), the wholesaler and sole online retailer for recreational cannabis in Ontario, for the sale and distribution of Mood Ring™. The Company is now working with additional provincial boards to register products and increase the distribution capabilities for Mood Ring™," said Mr. Cammarata.

 

Neptune has secured access to a footprint for Mood Ring™ totalling 567 retail stores across the two Canadian provinces, with the opportunity to scale to additional retailers in additional provinces upon securing supply agreements.

 

Dr. Toni Rinow, Neptune's Chief Financial Officer and Global Operating Officer, added: "Our strategic decision to focus on the innovation of health and wellness and the superingredients that are cannaboids is based on our belief that we are standing on the edge of a plant-based transformation, driven as a result of changing consumer demand. When we look at the global market, the overall acceptance of cannabis is high across generations with 40-plus countries exploring a legal cannabis framework. What's more, estimates suggest the global market opportunity could be in excess of $250 billion within 15 years.

 

"What seperates Neptune from its competitors is our mission to bring cannabis to the world to harness its wide range of applications for use in anti-fungal, antibacterial, and moisturizing products. Neptune is committed to innovation. We plan to  integrate cannabinoids into products from toothpaste to deodorants, hand sanitizers and to other everyday household usage products. It starts with our business in Canada, followed with an expansion into the U.S. and other countries. This is part of Neptune's commitment to deliver shareholder value — and to redefine the cannabis industry by providing sustainable consumer focused solutions."

 

Village Farms International, Inc. (NASDAQ: VFF) (TSX: VFF) today announced that its wholly owned Canadian cannabis subsidiary, Pure Sunfarms, has entered into an agreement

with Medical Cannabis by Shoppers Inc., a subsidiary of Shoppers Drug Mart Inc, under which Pure Sunfarms will  supply a range of its branded, high quality, B.C.-grown cannabis products to be made available to Medical Cannabis by Shoppers™ customers. Shoppers is Canada's leading health, beauty and convenience retailer, and is a wholly owned subsidiary of Loblaw Companies Limited.

 

Supported by specially-trained Pharmacists, the Medical Cannabis by Shoppers™ online store is the largest national cannabis marketplace in Canada. Pure Sunfarms expects selected dried flower products to be available for sale on the Medical Cannabis by Shoppers ecommerce portal nationally as early as the beginning of December of this year and selected pre-roll, bottled oil and vape products to be available in early 2021.  Pure Sunfarms' 28-gram (1-ounce) package offering will be the first large-format cannabis offering listed by Medical Cannabis by Shoppers.

 

"We are proud to partner with one of Canada's largest and most respected retailers to provide Canadian medical cannabis patients nationwide access to the same high-quality products that have made Pure Sunfarms one of the best-selling cannabis brands in our market," said Mandesh Dosanjh, President and Chief Executive Officer, Pure Sunfarms. "This partnership lays the foundation for both companies to realize future opportunities as the retail and medical cannabis landscape evolves in Canada."

 

Lastly today, as we celebrate our 500th episode of Investorideas.com “Potcasts”, I’ve included my list of favorite interviews we’ve had over the years which I’ve highly recommend going back and listening to.

 

Tommy Chong: Obviously interviewing Tommy Chong has been one of my personal career highlights as his name has been synonymous with Cannabis for decades and he has not only been personally incarcerated for his involvement with cannabis but has also helped shaped cannabis culture today.

 

Montel Williams:This was one of our first high profile interviews on the podcast and one that certainly set a high bar for all future interviews. Montel was very generous with his time and is another cannabis activist has worked for years to help better educate and inform the public on the medical benefits of cannabis, specifically for M.S.

 

Havn Life Sciences: This interview with Tim Moore and Susan Chapelle, the Co-CEO’s of Havn Life Sciences was our first interview surrounding the psychedelic industry and provided some great insight into the future of psilocybin research.

 

Shavo Odadjin: As a minor musician myself it was a real pleasure getting to speak with Shavo from System of the Down about his cannabis lifestyle brand and how cannabis has helped inspire and influence his music career.

 

Chef Joe Sasto: Another personal inspiration of mine, Chef Joe Sasto has been inspiring many cannabis cooks across North America with his Farm to Table cannabis culinary experiences.

 

Matt Markiewicz: The managing director of the Cannabis ETF, Matt has been on our podcast multiple times and has been one of our most informative guests when it comes to market trends providing bird’s eye view of the cannabis industry.

 

Dooma Wendschuh: The CEO of Province Brands, Dooma is probably one of the most visionary CEO’s we’ve had on the podcast and his company and technology focussed on brewing beer from Hemo I think will be the biggest industry game changer over the long term.

 

Obviously there are many more I could continue to list and I would like to thank all of the guests and experts we’ve had on over these years that have helped us reach 500 episodes.

 

Investor ideas reminds all listeners to read our disclaimers and disclosures on the Investorideas.com 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.

 

Learn more about our cannabis podcasts at https://www.investorideas.com/Audio/Potcasts.asp

Or www.potcasts.ca

 

Hear Investor ideas cannabis potcast on iTunes  

 

Hear the investor ideas potcast on Spotify

To hear more Investorideas.com podcasts visit: https://www.investorideas.com/Audio/.

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 word mark Trademark on the blockchain through Cognate, Inc. CM Certification-Registration Number: 10468217708

 

About Investorideas.com - News that Inspires Big Investing Ideas

Investorideas.com is a recognized news source publishing third party news, research and original financial content. Learn about investing in stocks and sector trends with our news alerts, articles, podcasts and videos, looking at cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy and more. Investor Idea’s original branded content includes the following podcasts and columns : Crypto Corner , Play by Play sports and stock news column, Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast and column,  Cleantech and Climate Change , Exploring Mining  the AI Eye .

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com

Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy:

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Investor Ideas does not condone the use of cannabis except where permissible by law. Our site does not possess, distribute, or sell cannabis products.

 

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Get more Cannabis Stock Investor Ideas – news, articles, podcasts and stock directory

Tuesday, 24 November 2020

Investorideas.com - Cannabis Stock News: City View Green Holdings Inc. (CSE: CVGR) Advances Deposit for Chocolate Edibles Equipment

Investorideas.com - Cannabis Stock News: City View Green Holdings Inc. (CSE: CVGR) Advances Deposit for Chocolate Edibles Equipment

Investorideas.com - Cannabis Stock News: Emerald Health Therapeutics (TSXV: EMH) (OTCQX: EMHTF) Announces Full Prepayment of Convertible Debentures

Investorideas.com - Cannabis Stock News: Emerald Health Therapeutics (TSXV: EMH) (OTCQX: EMHTF) Announces Full Prepayment of Convertible Debentures

Investorideas.com - Cannabis Stock News: The Green Organic Dutchman (TSX: $TGOD.T) (US: $TGODF) Receives Health Canada Approval to Export Medical Cannabis to Europe

Investorideas.com - Cannabis Stock News: The Green Organic Dutchman (TSX: $TGOD.T) (US: $TGODF) Receives Health Canada Approval to Export Medical Cannabis to Europe

#Cannabis #Stocks up for Episode 500 of Investor Ideas #Potcasts, Cannabis News and Stocks on the Move; (TSX: $FAF.TO) (CSE: $BAMM.C) (NYSE: $ACB) (TSX: $TGOD.TO) (NASDAQ: $CGC)

#Cannabis #Stocks up for Episode 500 of Investor Ideas #Potcasts, Cannabis News and Stocks on the Move; (TSX: $FAF.TO) (CSE: $BAMM.C) (NYSE: $ACB) (TSX: $TGOD.TO) (NASDAQ: $CGC)

 


Delta, Kelowna, BC, November 24, 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:

https://www.investorideas.com/Audio/Podcasts/2020/112420-StocksToWatch.mp3

 

Read this in full at https://www.investorideas.com/news/2020/cannabis-potcasts/11241FAF-BAMM-ACB-TGOD-CGC.asp

 

Hear Investor ideas cannabis potcast on iTunes  

 

Hear the investor ideas potcast on Spotify

 

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 will be looking at a few private and public company announcements.

 

Body and Mind Inc. (CSE: BAMM) (OTCQB: BMMJ), a multi-state cannabis operator, and Her Highness, a growing cannabis brand designed to introduce and educate women around cannabis, announced today the launch of Her Highness in Nevada through their production licensing agreement.

 

Her Highness will launch Quarantine Queen, a 20-pack of indoor-grown pre-rolls and the brand's fan-favorites Giggle and High Priestess Vape Pens. Her Highness Lip-Logo canvas totes will be complimentary with purchases at select dispensaries.

 

Also launching in Nevada through the BaM partnership is Her Highness' Last Prisoner Project Pre-Roll collection: individual pre-roll and lighter sets that portray the moving stories of one of three women who were incarcerated due to non-violent cannabis offenses. Proceeds from the Last Prisoner Project Pre-roll collection support women with cannabis convictions who are working to be released from prison or re-entering after release.

"We're excited to partner with Her Highness as the Nevada cannabis market continues to see strong increases in year over year sales," stated Michael Mills, CEO of Body and Mind. "Our new production facility combined with our strong distribution platform offers a turn-key opportunity for Her Highness to grow their innovative brand in the expanding Nevada market."

 

Already retailing throughout California, Her Highness is a cannabis lifestyle brand built with a goal to capture the female cannabis market. With an elevated range of thoughtfully reimagined cannabis products for enjoyment and self-care, Her Highness satisfies every woman's cannabis curiosity and craving.

 

"We're thrilled to be launching with Body and Mind as our partner in Nevada. Known for dedication to quality and effective market penetration, they really understand our brand and passion for our mission," stated Allison Krongard, co-founder of Her Highness. "The level of commitment to detail and support we've  seen already tells us we're on a path to success in this excting market."

 

Her Highness co-founders, Laura Eisman and Allison Krongard, set out to fill the gap in the market with a premium cannabis experience that was infused with a sense of play and delivered with style.

 

"The Body and Mind collaboration kicks off Her Highness' expansion beyond California into additional legal markets throughout the US and internationally," commented Laura Eisman, co-founder of Her Highness. "BaM was quick to recognize Her Highness' potential in the Nevada market, specifically in Las Vegas, a city sure to embrace the brand's bold and glamorous approach and undeniable appeal to women."

 

Through the partnership with BaM, Her Highness' line of cannabis products are now available at dispensaries throughout Nevada. https://bamcannabis.com/nevada/

 

Fire & Flower Holdings Corp. (TSX: FAF) and its wholly-owned subsidiary Fire & Flower Inc. announced that its stores will once again offer free best-in-class home delivery and curbside pick-up to safely and responsibly service its customers during the newly-mandated Toronto and Peel region lockdown in the Province of Ontario.

 

Beginning Monday, November 23, customers can easily order their cannabis products from Fire & Flower's Toronto locations using the e-commerce platform at www.fireandflower.com and choose between either free same-day delivery to their homes or to come to their nearest store for curbside service, ensuring the health and safety of Fire & Flower customers and team members.

 

On Friday, November 20, 2020, Attorney General Doug Downey approved an emergency order placing the Toronto and Peel regions under a new lockdown to combat COVID-19.  On Sunday, November 22, 2020, Ontario Regulation 654/20 was made allowing cannabis retail stores located in the lockdown regions to operate through e-commerce, curbside pickup and home delivery services.  Fire & Flower's Toronto locations are poised to continue operations through e-commerce and commence curbside and delivery services immediately.

 

"We applaud Attorney General Doug Downey for the practical solution of allowing provincially-licensed cannabis retailers the same e-commerce abilities of delivery and curbside pick-up that all other retailers have during this period of lockdown," said Trevor Fencott, Chief Executive Officer, Fire & Flower. "This act allows us to safely provide service to our customers and continue to combat the burgeoning illegal market during these challenging times."

 

"As the legal industry steps up for the second time and invests in safe delivery for our customers, we hope the Provincial government will recognize that the Ontario Cannabis Store's monopoly on delivery is an unnecessary burden on public health, taxpayers, customers and economic growth in the Province" continued Fencott. "Lockdowns will eventually end, but the road to economic recovery for private business will be difficult and the large illegal market will continue unchallenged unless the government makes these changes permanent.  Our customers expect e-commerce and delivery options from every other kind of retailer in the Province, and deserve to receive equitable treatment for licensed cannabis retailers."

 

Fire & Flower and Hifyre™ digital teams are re-establishing the operating procedures and technology that served safely customers through online payment, curbside pickup and home delivery services earlier this year when the province was initially combatting the pandemic. 

Fire & Flower has a distinct competitive advantage as online ordering, curbside pickup and delivery become available through its ability to communicate with almost 178,000 members in the Spark Perks program on the Hifyre™ digital platform. The Spark Perks program provides a robust channel to communicate with consumers, understand their needs and preferences and drive consumer traffic digitally.

 

The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTC: TGODF), a leading producer of premium certified organically grown cannabis, announced that it has received an Export Certificate from Health Canada.  This certificate enables TGOD to complete its first shipment of medical cannabis to Germany where it will undergo stability testing, the last step before the Company can commence commercialization in 2021.

 

"This is an important milestone as we get ready to begin the international shipping of our certified organically grown medical cannabis products.  Germany is the first of several markets that we are planning to supply.  Other countries that we anticipate shipping to in the future are Australia and Mexico," commented Sean Bovingdon, Interim CEO of TGOD.  "We chose to obtain our EU-GMP certification from Germany because of its high standards and its progressive medical cannabis framework," added Bovingdon.

 

Lastly we look at comments from the www.WallStreetReporter.com from both Aurora Cannabis (NYSE: ACB) (TSX: ACB) CEO, Miguel Martin, who said Aurora is now “Focused on Delivering ‘Quality Revenue’ through Premium Brands” and Canopy Growth Corporation (NASDAQ: CGC) (TSX: WEED), CEO David Klein who discussed how “Momentum is Building - On Path to Profitability”

 

CEO, Miguel Martin commented, “...the consumer has demonstrated very dynamic tendencies with market share moving very quickly between brands, unlike in more stable CPG categories. This provides us with a great opening for our pivot to premium brands….Data from Canada and other mature markets indicate that premium and super premium brands have been and will continue to be successful in all formats. Therefore, Aurora has a real opportunity for a more articulated and balanced portfolio offering with a greater focus on higher margin and sustainable premium assets, such as vapes, pre-rolls and premium flower offerings across multiple price tiers....

 

We are also working to expand our leading concentrates and to refocus our dried flower business toward higher gross profit dollar pools...The key of course, is to ensure that in doing so we are delivering more dollars to the gross profit line versus simply just delivering low margin revenue. We are therefore much more interested in our market share within premium and super premium categories, along with our market share of categories, such as vapor, pre-rolls and concentrates that are margin accretive compared to our market share in the deep discount flower business...our intention is to generate not just revenue but quality revenue, that will deliver a healthy gross profit dollar as opposed to essentially just a gross margin percentage.”

 

CEO David Klein commented, “...Momentum is building across our key businesses as our new strategy is coming to fruition. We achieved record quarterly revenue in Q2 led by our Canadian recreational business and strength across our strategic businesses, including Storz & Bickel, This Works in BioSteel...We’re continuing to improve execution and agility. Our fill rates are now consistently exceeding 90%, our flower quality improvement program is generating positive results, and we’ve improved our new product development process to allow us to bring better products to market faster...We’re accelerating our path to profitability, notably in our largest market, Canada...I’m confident that we’re now firmly on a path to achieve positive adjusted EBITDA at some point next fiscal year.”

 

“We’re building a portfolio of scalable brands across cannabis and CPG. Our goal is to become a cannabis-focused CPG company. We’re bringing our THC brands such as Tweed and Houseplant into the U.S. market through multi-state operator relationships or CBD line extensions. We’re growing new-to-world CBD brands, such as Martha Stewart, to meet consumer needs. We’re establishing routes to market with our CPG brands such as BioSteel, This Works, and Storz & Bickel. These are strong brands in their own right with distinct value propositions. Building these brands today allows us to generate revenues without the headwinds of regulatory challenges. And then, we plan to line extend these brands into CBD or even THC as regulations evolve.We will layer in additional brands over time, which will create further scale with our existing distribution networks and further build our relationships with retailers...”

 

 

 

Investors can trade these stocks and other ideas on our site using our list of top stock trading apps including Robinhood, Acorn, Stash and others.

 

 

Investor ideas reminds all listeners to read our disclaimers and disclosures on the Investorideas.com 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.

 

 

Learn more about our cannabis podcasts at https://www.investorideas.com/Audio/Potcasts.asp

Or www.potcasts.ca

 

Hear Investor ideas cannabis potcast on iTunes  

 

Hear the investor ideas potcast on Spotify

To hear more Investorideas.com podcasts visit: https://www.investorideas.com/Audio/.

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 word mark Trademark on the blockchain through Cognate, Inc. CM Certification-Registration Number: 10468217708

About Investorideas.com - News that Inspires Big Investing Ideas

Investorideas.com is a recognized news source publishing third party news, research and original financial content. Learn about investing in stocks and sector trends with our news alerts, articles, podcasts and videos, looking at cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy and more. Investor Idea’s original branded content includes the following podcasts and columns : Crypto Corner , Play by Play sports and stock news column, Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast and column,  Cleantech and Climate Change , Exploring Mining  the AI Eye .

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.

More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com

Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

 

Investor Ideas does not condone the use of cannabis except where permissible by law. Our site does not possess, distribute, or sell cannabis products.

 

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Investorideas.com - Cannabis Stock News: Aphria Inc. (TSX: $APHA.TO) (NASDAQ: $APHA) Closes Accretive, Strategic Acquisition of Sweetwater Brewing Company

Investorideas.com - Cannabis Stock News: Aphria Inc. (TSX: $APHA.TO) (NASDAQ: $APHA) Closes Accretive, Strategic Acquisition of Sweetwater B...