Investor Ideas #Potcasts,
#Cannabis News and #Stocks on the Move; Episode 540 (TSX: $TGOD.TO) (OTC: $TGODF) (TSX: $FAF.TO) (OTCQX: $FFLWF) (CSE: $MEDI.C)
Delta, Kelowna, BC, March 10, 2021 (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/2021/031021-StocksToWatch.mp3
Read this in full
at https://www.investorideas.com/news/2021/cannabis-potcasts/03101TGOD-FAF-MEDI.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 look at a few public and private company announcements.
The
Green Organic Dutchman Holdings Ltd. (TSX:
TGOD) (OTC:
TGODF), a leading producer of premium certified organically
grown cannabis, reports
its results for the fourth quarter and fiscal year ended
December 31, 2020. These filings are available for review on the Company's
SEDAR profile at www.sedar.com.
Some of the financial highlights
included:
● Fourth
quarter revenue of $10.92 million, a 91% increase quarter-over-quarter
● Canadian
cannabis revenue of $8.55 million for the quarter, an increase of 122% over the
prior quarter
● G&A
reduction of 59% compared to the same period in 2019
●
Full year revenue of $24.51 million, a 120%
increase year-over-year
The Company announced that its board
of directors has appointed Sean Bovingdon as Chief Executive Officer (CEO), and
member of the board, effective immediately. Mr. Bovingdon had previously been
appointed as Interim CEO in November 2020 while continuing to serve as CFO. He
will continue as interim CFO while the Company undertakes a search for a
permanent Chief Financial Officer.
"Sean has been very effective
in leading the company through these extremely challenging past few months. He
stepped into the interim-CEO position and has demonstrated outstanding
leadership," stated Jeff Scott, Chairman of the board. "Sean has the
strategic vision and experience to effectively guide TGOD through its next
phase of growth. On behalf of the board of directors, I am very pleased to
appoint Sean as CEO of the company."
"We delivered strong growth in
2020 thanks to the expansion of our product assortment, including the launch of
Highly Dutch, and continuous improvements to our supply chain. This accomplishment, realized against a
challenging backdrop, reflects the quality of our products, underpinned by our
talented and committed team," commented Sean Bovingdon, TGOD's CEO and
interim CFO.
"We remain laser-focused on
operational execution as we chart the course for future growth, including
opportunities in Europe, Mexico and the United States. We remain optimistic
about the Company's financial prospects but envision a path forward where continued
financial discipline will play a key role. While our Canadian facilities
continue to remain open as providing an essential service to our customers
during the COVID-19 pandemic, we note several retailers were not able to remain
fully open especially during Q1-2021, and therefore we expect a delay in the
rate of growth until at least Q2-2021. Our recently launched Organic Sugar
Bush, a high-THC Sativa variety, reflecting the quality and potency
improvements we have achieved, and our new Hash SKUs are expected to provide an
added boost to our sales mix in the coming months." added Bovingdon.
Fire
& Flower Holdings Corp. (TSX:
FAF)
(OTCQX:
FFLWF), a leading cannabis retailer with a proprietary
digital retail and data platform,
today announced that its wholly-owned indirect subsidiary,
Hifyre Inc., has entered into a strategic agreement with BDS Analytics Inc. to incorporate Hifyre's Canadian digital retail
and analytics into BDSA's existing online U.S.-based market research platform.
As part of the agreement, BDSA will offer Hifyre IQ™ Canadian cannabis data to
its U.S.-based clients and Hifyre™ will be able to provide U.S. data from BDSA
to its Canadian clients, allowing both companies to offer enhanced, crossborder
data to their respective consumer bases.
Matthew Hollingshead, President of
Hifyre, Inc., commented, "A key aspect of Fire & Flower's growth
strategy is to strategically incorporate alternative high-margin revenue streams
into our business model in order to drive profitability, while building a
leadership role in key cannabis markets around the world. Our Hifyre IQ™ analytics platform has proven
successful in Canada as it has presented one of the strongest avenues of
high-margin growth for our business and is recognized by licensed cannabis
producers, equity research analysts, investment banks, hedge funds and
consulting firms as a leading cannabis data platform in the country. Extending
this platform into the U.S. is an excellent opportunity to accelerate this
revenue stream."
Hollingshead continued, "Our
unique Hifyre IQ™ platform has generated widespread demand from other leading
cannabis companies looking to efficiently capture consumer data and meet
customer demand. BDSA's extensive U.S. cannabis database and ability to quickly
adapt to changing regulations in the U.S. makes them a prime partner. Through this agreement, both Fire &
Flower and BDSA anticipate enlarging our respective consumer bases while
supporting each other's continued growth in the cannabis industry."
Greenline announced its new
financing service, Greenline Capital, a platform providing fast and easy access
to short-term capital for cannabis retailers using the Greenline platform. The
platform offering is supported by Merchant Growth Ltd., a leader in providing
financing solutions to small businesses in Canada.
"Due to the classification of
cannabis retail as 'high-risk', one of the biggest barriers to growth in our
industry is access to capital," said Calvin Ho, COO of Greenline.
"That's why we're introducing Greenline Capital to help cannabis retailers
grow their businesses."
We understand that the Canadian
cannabis industry is not high risk - retailers sell highly regulated products
in government-licensed locations with predictable high demand. This is why
Greenline is collaborating with Merchant Growth to offer two new services
through Greenline Capital for Greenline customers: short-term financing and
lines of credit. "We are pleased to partner with Greenline POS to offer a
unique financing solution to its growing customer base," said Aidan Vaandering,
Director of Business Development of Merchant Growth.
Provided a business has at least 3
to 6 months of business history, Greenline customers can be approved in 24
hours for up to $500,000 CAD in financing with flexible repayment terms, and up
to a $125,000 CAD line of credit.
"This amount of capital could
be a game-changer for cannabis retailers looking to expand into multiple locations,
or simply have a line of credit ready for financing purchase orders and
marketing," said Albert Kim, CEO of Greenline. "We have heard many
times from our rapidly growing customer base that access to capital has been
one of the most frustrating roadblocks to expanding their businesses. Greenline
Capital is designed to solve this problem."
Myconic
Capital Corp. (formerly, Auralite Investments Inc.) (CSE:
MEDI) announced that
the Company has entered into a letter of intent for the acquisition of all of
the issued and outstanding shares of Mindscape
Ketamine & Infusions Therapy, PLLC, a mental health and pain clinic
based in Houston, Texas.
Mindscape was founded by Dr. Quang
Henderson, an experienced emergency medicine physician who earned his MD
credential and completed his residency at the University of Texas. Prior to
founding Mindscape in 2018, Dr. Henderson was a Co-Founder of Neighbors Emergency Center, a network of
emergency care facilities in Texas which currently has six locations. After
ketamine-based treatments helped to alleviate depression-related symptoms
experienced by his wife, Dr. Henderson was inspired to open Mindscape to avail
such treatments to the general public. The Houston-based clinic, which
administers ketamine through intravenous therapy (“IV”), is characterized by
its spa-like atmosphere designed to put patients at ease. The Mindscape patient
experience is augmented by a selection of multimedia including music and
tailored virtual reality (“VR”) content which are intended to enhance the
effects of a ketamine dosage.
Ketamine was first synthesized in
1962, and was successfully patented as a human anaesthetic in the United States
in 1966. During the Vietnam War, ketamine was the most widely used battlefield
anaesthetic, and has been listed in the World Health Organization’s Essential Medicines List since 1985.
Usage of ketamine in veterinary medicine began in the 1970s, and it is
presently the most widely used anaesthetic in this area of medicine1.
In 2000, research conducted at Yale University determined that in a sample
group of patients with major depression, the improvement in their symptoms
realized within 72 hours could qualify the drug for use as an antidepressant.
These findings were complemented six years later by a National Institutes of
Mental Health (“NIMH”) study which showed that ketamine reduced depression
symptoms more quickly than a placebo2.
As ketamine continues to gain
popularity as a treatment for a variety of conditions, Myconic treats its
acquisition of Mindscape as a strategic investment with which the Company can
build out its holdings in the health and wellness category.
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