Investor Ideas #Potcasts, #Cannabis News and #Stocks on the Move; Episode 496 (NASDAQ: $GNLN), (CSE: $JUVA.C) (TSX: $VLNS.TO)
Today's
podcast sponsored by Cannabis Suisse Corp. (OTC: $CSUI), a fully licensed
cannabis cultivation and distribution company in Switzerland
Delta, Kelowna, BC, November 17, 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/2020/111720-StocksToWatch.mp3
Read this in full
at https://www.investorideas.com/news/2020/cannabis-potcasts/11171GNLN-JUVA-VLNS.asp
Hear Investor ideas cannabis potcast on iTunes
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 is
sponsored by Cannabis Suisse Corp. (OTC: CSUI ), a fully
licensed cannabis cultivation and distribution company in Switzerland, for
recreational tobacco products and medical CBD oils. The Company's facilities
for producing cannabis are based in Dietikon, Switzerland, and contain the art
surveillance equipment to enable an around the clock webcast. Cannabis Suisse
grows high quality, organic cannabis with sustainable, all-natural principles.
The Company's products are laboratory tested to ensure the end users have
access to a standardized, safe and consistent product. Cannabis Suisse
proprietary trademarked MoldStandard is a quantitative microbiology method for
analyzing yeast and mold counts in harvested cannabis plants. Cannabis Suisse
proprietary trademarked CannaMec is a method for quantifying and removing residual
solvents during packaging and storage of CBD products. Cannabis Suisse Corp.
currently sells via a distribution network of Swiss retailers and online shops,
under the retail brand Alpine Cannabis.
In
today’s podcast we will be looking at a few public announcements.
Greenlane
Holdings, Inc. (NASDAQ:
GNLN), one of the largest global sellers of premium
cannabis accessories and specialty vaporization products, reported its
financial results for the third quarter ended September 30, 2020.
Third Quarter 2020 Highlights
●
Net sales of the Company's Greenlane Brands
grew approximately 65% to $5.6 million in Q3 2020 compared to $3.4 million in
Q3 2019;
●
Core revenue (defined as non-nicotine
revenue) grew 36% to $32.3 million in Q3 2020, compared to $23.8 million in Q3
2019;
●
Total revenue grew 10% to approximately
$35.8 million in Q3 2020 compared to $32.4 million in Q2 2020;
●
Excluding the impact of certain inventory
adjustments which incurred in the quarter, gross profit would have been $7.3
million or 20.4% of net sales, a 610 basis point year over year improvement in
gross profit percentage as compared to Q3 2019;
●
Expanded management team through key hires
to support Greenlane sales and marketing efforts in North America and Europe;
●
Launched a first-of-its-kind line of
responsibly sourced, precision-manufactured, pre-rolled cones made from
organically-sourced paper exclusively processed in France and sealed with 100%
natural Arabic gum;
●
Obtained the exclusive right to expand the
availability of Marley Naturals Accessories to specialty locations in Europe,
Central and South America, and the Caribbean;
“During the third quarter, with the
help of our new senior leadership team, we acted on several key initiatives
related to our go forward category emphasis, organizational structure, and
related staffing levels. Building on the success we've achieved in growing
Greenlane brands and non-nicotine sales year over year by 65% and 36%,
respectively, we've taken additional decisive steps to de-emphasize certain
product lines, invest in our fastest growing and highest margin opportunities,
and further reduced our headcount by 4.5%,” said Aaron LoCascio, Greenlane’s
Chairman and Chief Executive Officer. “While this has had an impact on our Q3
financials, we believe these decisions have positioned Greenlane to return to
near-term profitability and long term success."
Mr. LoCascio added, "We are
building a comprehensive suite of high-quality, Greenlane branded products
which will enable us to capture more of the margin on each product we sell. At
the same time, we continue to work very closely with our brand partners to
launch innovative new products into the market leveraging our best-in-class
global distribution platform. I remain very encouraged that we are on track to
enter 2021 on a solid footing, returning to positive adjusted EBITDA in the
first quarter as a result of the changes we have implemented.”
Juva
Life Inc. (CSE:
JUVA) (OTC:
JUVAF), a premier California based multi-faceted life
sciences company focused on the commercialization of Cannabis products and
formulations, announced the
commencement of trading its common shares on the Canadian Securities Exchange
(“CSE”) under the ticker symbol “JUVA.” Additional information is being updated
on the Company website at www.juvalife.com.
Juva Life Inc. USA, a California
corporation and wholly owned subsidiary of Juva Life Inc. (as of May 30, 2019)
was originally incorporated in 2018 and represents the culmination of decades
of concentrated effort in the cannabis sector. Juva Stockton Inc., a wholly
owned subsidiary of Juva Life Inc., holds a Conditional Use Permit (“CUP”) from
the city of Stockton, California which, subject to certain conditions, permits
the Company to cultivate, manufacture, distribute and deliver cannabis for the
medical and recreational markets within the State. Juva Stockton successfully
launched its delivery service from this location on the 16th of
October 2020. Additionally, in January 2020, after a 2.5-year process,
Precision Apothecary Inc, a wholly owned subsidiary of Juva Life Inc., now
holds a CUP allowing for a Microbusiness operation in the City of Hayward,
California. This permit allows Juva to cultivate, manufacture, distribute and
operate a retail cannabis storefront and delivery business in that
municipality. Concurrently, the Company’s Redwood City delivery location has
been fully operational since February 2020 and has experienced double-digit
growth month over month since commencement of operations.
Under the guidance of founder &
CEO Doug Chloupek, the Juva Life team brings together over 20 years of
extensive leadership experience in the cannabis sector. Their knowledge and
experience provide operational oversight and understanding of the California
cannabis market. The Company is comprised of six divisions: cultivation,
research, manufacturing, distribution, retail, and delivery. Each division
services specific vertical markets within a fully integrated framework under
the guiding premise of commercially engaging the many ways cannabis can
fundamentally improve individual quality of life.
Mr. Doug Chloupek, CEO and Founder
of Juva Life Inc. states, “Our journey has been truly extraordinary to-date. We
are extremely grateful to have completed an extraordinarily successful
Regulation-A+ financing along with several traditional financings. These
financings have provided us the cash on hand to execute our strategy while
concurrently moving ahead with today’s public listing and access to an even
broader investment community. We are thrilled to start our journey as a
publicly listed issuer today. We sincerely value the participation of the
investment community and have made it a key pillar and measure of our success
to strategically build shareholder value as we forge ahead in this exciting and
evolving industry sector.”
As part of the Company’s disclosure
obligations as a public issuer, ongoing financial and material filings can be
found on the System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com.
The
Valens Company Inc. (TSX:
VLNS) (OTCQX:
VLNCF) announced the addition
of SōRSE Clear, a stable, clear emulsion with a minimal sensory profile, to the
SōRSE by Valens offering for CBD isolate product formats.
SōRSE Technology is a water-soluble
emulsion technology designed for product developers to provide consumers with a
more consistent cannabinoid experience with user-controlled dosing,
demonstrated shelf-stability, and safe ingredients. The Valens Company has been
leveraging this emulsion technology to transform cannabis extracts into
water-soluble forms and to infuse beverages, edibles and topicals without a
cannabis aroma and after-taste.
"As the exclusive partner for
the development and custom manufacturing of best-in-class cannabis derivative
products in Canada, having access to the highest quality cannabinoid emulsion
technology is critically important," said Tyler Robson, Chief Executive
Officer of The Valens Company. "We have made great strides revolutionizing
many of our product lines with SōRSE by Valens, including more mature formats
such as tinctures, and the addition of SōRSE Clear will only deepen our ability
to innovate a diverse portfolio of products for the forthcoming 3.0
market."
SōRSE Clear is currently available
in a liquid format and contains safe, vegan, allergen-free ingredients. The new
emulsion offering features multiple benefits including stability, safety,
improved sensory experience, homogeneity, and seamless integration. SōRSE Clear
also complies with all the main safety and testing protocols, including Good
Manufacturing Practices (GMP) and The Global Safety Food Initiative (GFSI).
Howard Lee, Chief Executive Officer
of SōRSE, said, "We believe that SōRSE Clear is a game-changer for the
cannabis industry and we have no doubt that The Valens Company will harness
this technology to continue to formulate the most innovative, premium
cannabis-infused products for Canadian consumers."
Lastly, on an unrelated note to
cannabis we look at NeoPollard
Interactive LLC who was “proud
to announce its successful launch into the Canadian
market through its new agreement with the Alberta Gaming, Liquor and Cannabis
Commission ("AGLC").
Contracted as the operator of AGLC's
program, PlayAlberta.ca, NPi deployed its cutting-edge technology, a full suite
of managed services, and its top performing game content on September 30, 2020.
"PlayAlberta.ca is another way
AGLC is implementing its promise to generate revenues for the benefit of
Albertans," said Alain Maisonneuve, President and CEO of AGLC. "AGLC
is excited to work with NPi and apply their vast experience as we provide a
regulated online gambling website that will offer players expanded
entertainment options with integrated responsible gambling features and
generate revenue to support valuable programs and services Albertans rely on
every day."
What a sad day for Canada and more
specifically Alberta in this case.
Once again, today’s podcast is sponsored by Cannabis Suisse Corp. (OTC: CSUI ), a fully licensed cannabis cultivation and distribution company in Switzerland, for recreational tobacco products and medical CBD oils. The Company's products are laboratory tested to ensure the end users have access to a standardized, safe and consistent product. Cannabis Suisse Corp. currently sells via a distribution network of Swiss retailers and online shops, under the retail brand Alpine Cannabis.
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.
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our cannabis podcasts at https://www.investorideas.com/Audio/Potcasts.asp
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