Investor Ideas #Potcasts Episode 508, #Cannabis News and #Stocks on the Move; (TSX: $APHA.TO) (NASDAQ: $APHA) (NASDAQ: $TLRY) (OTC: $EDXC) (OTCQX: $INLB)
Delta, Kelowna, BC, December 16, 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.
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https://www.investorideas.com/Audio/Podcasts/2020/121620-StocksToWatch.mp3
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at https://www.investorideas.com/news/2020/cannabis-potcasts/12161APHA-TLRY-EDXC-INLB.asp
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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 will be looking at a few private and public company
announcements.
Aphria Inc. (TSX:
APHA) (Nasdaq:
APHA), a leading global cannabis company
inspiring and empowering the worldwide community to live their very best life,
and Tilray, Inc. (Nasdaq:
TLRY), a global pioneer in cannabis research,
cultivation, production and distribution, today
announced that they have entered into a definitive
agreement to combine their businesses and create the world’s largest global
cannabis company based on pro forma revenue. The deal is pursuant to a plan of
arrangement under the Business
Corporations Act (Ontario), and the implied pro forma equity value of the
Combined Company is approximately C$5.0 billion (US$3.9 billion), based on the
share price of Aphria and Tilray at the close of market on December 15, 2020.
Following the completion of the Arrangement, the Combined Company will have
principal offices in the United States (New York and Seattle), Canada (Toronto,
Leamington and Vancouver Island), Portugal and Germany, and it will operate
under the Tilray corporate name with shares trading on NASDAQ under ticker
symbol "TLRY".
The Combined Company,
supported by low-cost, state-of-the-art cultivation, processing, and
manufacturing facilities, will have a complete portfolio of branded Cannabis
2.0 products in Canada. Internationally, the Combined Company will be
well-positioned to pursue growth opportunities with Aphria’s medical cannabis
and distribution footprint in Germany, and Tilray’s European Union Good
Manufacturing Practices low-cost cannabis production facility in Portugal,
which has export capabilities and tariff-free access to the European Union to
meet increasing global demand for medical cannabis. In the United States, the
Combined Company will have a strong consumer packaged goods presence and
infrastructure with two strategic pillars, including SweetWater Brewing
Company, a cannabis lifestyle branded craft brewer, and Manitoba Harvest, a
leading hemp food manufacturer and a pioneer in branded CBD and wellness
products. The Combined Company is expected to have a strong, flexible balance
sheet, cash balance and access to capital giving it the ability to accelerate
growth and deliver attractive returns for stockholders.
Under the terms of the
Arrangement, the shareholders of Aphria will receive 0.8381 shares of Tilray
for each Aphria common share, while holders of Tilray shares will continue to
hold their Tilray shares with no adjustment to their holdings. Upon the
completion of the Arrangement, Aphria Shareholders will own approximately 62
percent of the outstanding Tilray Shares on a fully diluted basis, resulting in
a reverse acquisition of Tilray, representing a premium of 23 percent based on
the share price at market close on December 15, 2020 to Tilray shareholders. On
a pro forma basis for the last twelve months reported by each company, the
Combined Company would have had revenue of C$874 million (US$685 million).
The Combined Company
will be led by a best-in-class management team and board of directors, with
strong track records in consumer-packaged goods and cannabis experience
internationally. Upon completion of the Arrangement, Aphria’s current Chairman
and Chief Executive Officer, Irwin D. Simon, will lead the Combined Company as
Chairman and Chief Executive Officer. The board of directors will consist of
nine members, seven of which, including Mr. Simon, are current Aphria directors
and two of which will be from Tilray, including Brendan Kennedy, and one of
which is to be designated. Aphria and Tilray are confident that the leadership
team and proposed board of directors of the Combined Company provides a strong
foundation for the Combined Company to accelerate growth. Additional senior
leadership positions at the Combined Company will be named at a later date.
"This is an
exciting day for both companies including our 2,500 employees, for the cannabis
industry, and for patients and consumers around the world. We are bringing
together two world-class companies that share a culture of innovation, brand
development and cultivation to enhance our Canadian, U.S., and international
scale as we pursue opportunities for accelerated growth with the strength and
flexibility of our balance sheet and access to capital," said Mr. Simon.
"Our highly complementary businesses create a combined company with a
leading branded product portfolio, including the most comprehensive Cannabis
2.0 product offerings for patients and consumers, along with significant
synergies across our operations in Canada, Europe and the United States. Our
business combination with Tilray aligns with our strategic focus and emphasis
on our highest return priorities as we strive to generate value for all stakeholders."
"I am honored to
work with Brendan Kennedy, a pioneer in the cannabis industry, and the Tilray
team as they join forces with our talented employees at Aphria," continued
Mr. Simon. "I look forward to leading the talented teams of both Aphria and
Tilray as we seek to create a leading global cannabis and consumer packaged
goods company with a portfolio of medical, wellness and adult-use brands
consumers love."
Mr. Kennedy, Tilray’s
Chief Executive Officer, commented, "We are thrilled to bring together two
cannabis industry leaders. At this nascent stage of development and expansion
of the global cannabis market, we believe companies with leading geographic
scale, product range and brand expertise are most likely to benefit long-term.
By leveraging our combined strengths and capabilities, we expect to be able to
meet the needs of consumers more effectively all over the world and advance
patient care. With a strong financial profile, low-cost production, leading
brands, distribution network and unique partnerships, we believe the Combined
Company will be well-positioned to deliver sustainable, attractive returns for
stockholders. I look forward to working with Irwin and the Combined Company’s
management team to make our consumer products more accessible around the
world."
Emerald
Bioscience, Inc. (OTCQB:
EMBI), a preclinical biopharmaceutical company focused on
developing proprietary molecules with strong clinical and commercial
differentiation, announced
the publication of a peer-reviewed paper reporting that
THCVHS, the Company’s novel THC prodrug, was optimized through a nanoemulsion
formulation (THCVHS-NE) for drug delivery into the eye and demonstrated
significantly better reduction of intraocular pressure (IOP) compared to the
commercially approved standard of care in normotensive rabbits.
Response was determined by measuring
reduction in IOP from baseline following a single treatment with either
THCVHS-NE (1% w/v), latanoprost (0.005% w/v), or timolol (0.25% w/v), which was
measured every 30 minutes post-treatment up to 180 minutes, followed by
measurements at 240, 360 and 480 minutes post-treatment. Duration of response
was determined as the time required for IOP to return to 90% of baseline.
THCVHS-NE achieved a maximum drop in IOP of 23% compared to latanoprost (13%)
and timolol (14%). In addition, duration of response for THCVHS-NE was ≤480
minutes, compared to latanoprost (≤360 minutes) and timolol (≤90 minutes)
(p<0.05) in normotensive rabbits. Therefore, a nanoemulsion formulation of
THCVHS appears to not only be more effective at reducing IOP, but also has a
longer duration of response when compared to standard of care treatment for
glaucoma.
The article, entitled “Effect of
surfactant concentration and sterilization process on intraocular
pressure–lowering activity of Δ9 ‑tetrahydrocannabinol‑ valine‑hemisuccinate (NB1111) nanoemulsions,”
authored by Sweeney, C., Dudhipala, N., Thakkar, R. et al, was published in the November 2020
issue of Drug Delivery and Translational
Research. The experiments were conducted by researchers at the University
of Mississippi.
“Our aim is to be able to offer
ophthalmologists and their patients a superior new class of treatment for
glaucoma, with better intraocular-pressure-lowering activity to prevent vision
loss. The intriguing scenario is that THC’s ability to lower intraocular
pressure is already validated – we know it works, based on prior human studies!
We also know, however, that to successfully employ THC as a good medicine for
glaucoma we need to have an effective method of local delivery into the eye,
consistent with the American Academy of Ophthalmology’s recommendation against
systemic use of cannabis to manage glaucoma. This is precisely what our drug
offers,” said Punit Dhillon, CEO of Emerald.
“What is additionally and
particularly notable is that our unique, synthetic bioengineered THCVHS
molecule has potential capabilities that current treatments are unable to
provide. A large percentage of glaucoma patients do not experience increased
IOP but nevertheless experience vision loss believed to result from other
neurodegenerative effects on the cells of the optical nerve. THC is also known
to have neuroprotective properties. If our drug can protect against vision loss
in patients with normal IOP as well, we would have an extraordinary new
solution to offer for the prevention of glaucoma-related vision loss.
“We are working to complete our
preclinical work in the near term and then start our planned human study in the
third quarter of 2021. The nature of this disease will allow us to
simultaneously provide safety and early efficacy outcomes in a first human
study that is relatively fast and low-cost compared to the typical realization
of such results in the clinical trial process,” added Mr. Dhillon.
Endexx
Corporation (OTC:
EDXC): Music
magnate, mega producer and GRAMMY® Award-winning artist DJ Khaled announced his
entrance into the CBD industry. Inspired by his personal wellness journey,
Khaled, in partnership with Endexx, a leading producer and manufacturer of
hemp-derived CBD wellness products, will introduce his new company and debut
the first collection in 2021.
Although most well-known for his
contributions to the music world, the self-made businessman turned
international music icon is also a dedicated family man -- committed to
instilling the importance of health and wellness into everyday life. Grateful
to be a father, he released two albums in honor of his children, Father of Asahd in 2019 and Grateful in 2017. With all of these
blessings, Khaled continues building his legacy and success by focusing his
energies on the health and wellness sector.
“As a father, an entrepreneur, a
music exec and visionary I am blessed with daily inspiration, a drive to work
hard and a passion for success. CBD has
become a part of my daily routine and allows me to focus myself and my
energies, while striving to better myself every day,” says DJ Khaled. “I was drawn to Endexx Corporation because
they're an innovative company that has proven they have the keys to deliver
consistent, top of the line, high-quality products.”
“We are excited to announce our
partnership with DJ Khaled,” stated Todd Davis, CEO of Endexx Corporation.
“Khaled’s knowledge and passion for CBD is bountiful and we realized we are
aligned in our approach towards product quality and business acumen. We understand and share the values that a
brand goes beyond physical products; it needs to help people feel good about
themselves and be part of a day-to-day lifestyle.”
Miami based IMPACT Brokers, the
third party in the joint venture, will be spearheading sales and integrated
marketing efforts on behalf of the brand. “We are committed to accelerating
innovation and diversity throughout this developing industry while offering
strategic guidance to best-in-class CBD suppliers. IMPACT Brokers sits at the forefront of
culture and has the ability to predict industry trends. We look forward to taking this newest
business nationwide,” says Ryan Stender, CEO of IMPACT Brokers.
The hemp-derived, cannabidiol-rich
collection is anticipated to launch in early 2021.
Item
9 Labs Corp. (OTCQX:
INLB), a vertically integrated cannabis operator that
produces premium products, announced
today that it has finalized its merger agreement with ONE
Cannabis Group (OCG, Inc.) and expects to close the merger in January 2021.
ONE Cannabis Group, based in
Colorado, is the parent company to the cannabis dispensary franchise Unity Rd.
Built up from the legacy of a 10-plus year, award-winning Colorado dispensary
& cultivator and infused with decades of franchise experience, the company
helps eager operators enter the complex industry with ease. The cannabis franchise
pioneer offers its partners the knowledge, resources, and ongoing support
needed to compliantly and profitably operate a dispensary. Currently, Unity Rd.
has franchise agreements signed for the development of more than two dozen
shops across multiple states and expects the first store to open in quarter one
2021.
Recently, it was named one of the
top cannabis retail leaders in the nation by MJBizDaily magazine and one of the "Best Cannabis Companies to
Work For" in both the dispensary and cultivation categories in Cannabis
Business Times' elite 2020 list. The company is also the first cannabis
business to earn a Franchise Times
Dealmakers award – a recognition presented to the boldest players driving
mergers and acquisitions in franchising. For more information on ONE Cannabis
Group, visit ocginc.com and head to unityrd.com for details on the Unity Rd.
franchise opportunity.
"Our teams have been working on
parallel paths to ensure a smooth integration and are eager to officially
operate as one unit. This was a significant milestone for all and we look
forward to closing [the merger] in January 2021," Item 9 Labs' Chief
Executive Officer, Andrew Bowden, commented. "The merger with ONE Cannabis
Group greatly enhances our business capabilities with its retail distribution
and unique franchise operation. Their business model and national network of
Unity Rd. franchise partners create highly predictable, recurring revenue
streams."
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