Investor Ideas #Potcasts 565, #Cannabis News and #Stocks on the Move; (CSE: $TRUL.C) (OTCQX: $TCNNF), (CSE: $EATS.C) (OTC: $EATBF) (TSX: $HEXO.TO) (NYSE: $HEXO)
Delta, Kelowna, BC, May 14, 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/2021/051421-StocksToWatch.mp3
Read this in full
at https://www.investorideas.com/news/2021/cannabis-potcasts/05141TRUL-TCNNF-EATS-HEXO.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 look at a few public and private company announcements.
Trulieve
Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF), a leading and top-performing
cannabis company in the United States, announced its results for the quarter ended
March 31, 2021. The Company became a U.S. reporting company effective February
4, 2021 and the consolidated financial statements are reported in accordance
with U.S. Generally Accepted Accounting Principles (GAAP). All currency is
expressed in U.S. dollars.
Q1
2021 Highlights
● Achieved
record quarterly revenues of $193.8 million, a sequential increase of 15% over
Q4 2020
● Generated
net income of $30.1 million
● Delivered
Adjusted EBITDA of $90.8 million
● Achieved
gross profit of $135.3 million and gross margin of 70%
● Delivered
$60.4 million in cash flows from operations
2021 Operational
Highlights and Recent Events
● Recently
announced definitive agreement to acquire Harvest Health & Recreation Inc.,
the largest cannabis acquisition announced in the U.S. to date.
● Harvest
reported first quarter revenue of $88.8 million and Adjusted EBITDA of $26.9
million
● Reported
first full quarter of operations in Pennsylvania and opened phase 1 of our new
cultivation facility adding 45,000 square feet for a total of 80,000 square
feet of cultivation
● Well-positioned
to become a first-mover, vertically-integrated operator in West Virginia
through successful application wins and the recent acquisition of Mountaineer
Holding
● Expanded
our Florida operations by eight stores and 116,000 square feet of cultivation,
ending the quarter with 82 stores and over 2 million square feet of cultivation
in Florida
“During
Q1 we continued to execute on growth in Florida as well as our national hub
expansions.
Our record revenue and industry leading EBITDA margins demonstrate our
continued focus on execution," stated Kim Rivers, Trulieve CEO. "The
pending acquisition of Harvest will be transformative and will build on our
profitability, expanding our runway for growth."
Rivers
continued, "Our continued strength in our home state of Florida, as well
as the build out of our northeast hub, with progress in Pennsylvania,
Massachusetts and West Virginia, has generated momentum for an exciting
remainder of the year. We expect many positive catalysts in the months ahead,
which align well with the current political environment and heightened focus on
cannabis in this country."
Trees Corporation announced the closing of the acquisition of 5
retail cannabis stores in Ontario previously licensed under the name Metro
Cannabis. Three of the acquired stores
are open and will operate under the TREES Cannabis brand with the remaining 2
stores anticipated to open early this summer.
Newly acquired
stores to operate as TREES CANNABIS:
● 1735
Kipling Ave, Etobicoke – (OPEN NOW)
● 76 St.
Claire Ave W, Toronto – (OPEN NOW)
● 5485
Dundas St E, Etobicoke – (OPEN NOW) (Toronto's first drive-through)
● 3812A
Bloor St, Etobicoke – (Summer 2021)
● 62
Overlea Blvd, Toronto – (Summer 2021)
TREES
also announced the opening of Toronto's first convenient drive-through cannabis
retail service at 5485 Dundas St E, Etobicoke.
Customers can order online and easily pick up their order without
leaving the comfort and security of their car.
The speed and convenience of the service is unique in Toronto and has
already proven to be widely popular among customers.
Inclusive
of this Transaction, TREES holds a portfolio of 15 retail cannabis stores in
Ontario, with 5 locations currently open and an additional 10 stores
anticipated to open through the summer and early fall of 2021.
In
British Columbia, the Company is awaiting provincial approval to close its
previously announced acquisition of 8 stores (5 in Victoria, 2 in Nanaimo and 1
in Vancouver). With 3 stores currently
operating, the next 2 scheduled to open later this month, and the remaining 3
scheduled to open this fall, the TREES Cannabis brand is quickly
re-establishing itself in British Columbia and building on its prior legacy of
respect and loyalty among the Vancouver Island cannabis community.
Upon
closing of the acquisition of the British Columbia stores, the Company will own
and soon operate 23 stores across Canada and anticipates further growth this
year through organic store openings and strategic acquisitions.
Eat Beyond Global
Holdings Inc. (CSE: EATS) (OTC: EATBF), an investment issuer focused on
the global plant-based and alternative food sector, announced that it has invested in Daydream Drinks Inc. Daydream is an Ontario-based beverage company
that has created Canada's first sparkling water infused with hemp extracts and
adaptogens.
Daydream's
hemp oil contains below 0.03% CBD and zero THC, making Daydream a non-cannabis
product. Hemp and adaptogens have a range of benefits, making them a suitable
option for Canadian grocery and retail stores.
Eat
Beyond joins Global Edge Investments, a Toronto-based investment and management
company, and other industry veterans, such as Jorn Socquet, a 14-year executive
from ABinBEV, as an early-stage investor in Daydream.
"When
creating Daydream, our vision was based on the fundamental principle that there
was a gap in the market for something that wasn't coffee or an energy drink,
but instead a healthy, plant-based alternative, with no caffeine, sugar, or
artificial sweeteners," said Alex Simonelli, Founder and CEO of Daydream.
"Adaptogens help the body tap into natural energy reserves to provide
focus and clarity. They are also well known for balancing stress levels by
supporting the endocrine system, and keeping inflammation in check."
Daydream
has seen impressive growth since launching in late 2019, with year-over-year
revenue jumping 550 percent in 2020. The distinct, colourful gradient cans are
comfortably on pace to reach more than 1000 stores across Canada by the end of
2021, a roughly 2,300 percent increase from its debut year. Projections show
Daydream is on track for another triple-digit year of revenue growth.
"Eat
Beyond welcomes its first beverage company to our ever-growing food technology
portf
olio.
We like the idea that not only can people eat better but drink better
too," Eat Beyond CEO Patrick Morris
said. "Daydream has shown impressive growth in its brief history and is
well-positioned to capture even more of the beverage market in the years
ahead. Its unique and strong branding
has positioned it well in the industry for organic, word-of-mouth growth, which
is critical for any product that contains hemp as an ingredient in
Canada."
HEXO Corp (TSX: HEXO) (NYSE: HEXO) today announced Purchase and Sale Agreements
in relation to its first US production facility, through a wholly owned US
subsidiary. The ~50,000 sq. ft. facility, located in Northern Colorado, will
provide US CPGs and consumers access to the Powered by HEXO® technology.
“Signing
the Purchase and Sale Agreements is an important milestone as we continue to
expand into the US market. The Colorado facility will be instrumental to
successfully executing on our US strategy, which includes the supply of high
quality Powered by HEXO ® technology to our current and potential multinational
CPG partnerships in the United States,” said HEXO CEO and co-founder Sebastien
St-Louis. “The facility will provide HEXO with the necessary infrastructure to
begin production and enable the Company to continue expanding our joint-venture
with Molson Coors to create Truss CBD-infused
beverages, while also creating the necessary capacity to support
future, non-beverage CPG partnerships.”
The
Colorado production facility, HEXO’s first in the US, is zoned for production
of a full range of cannabinoids and offers multiple operational capabilities.
The site will support Powered by HEXO initiatives across the country, in
compliance with all applicable laws and regulations.
Powered
by HEXO® is the trusted solution for leading CPG companies to safely enter the
cannabinoid market, combining HEXO's expertise in cannabis with CPG partners’
expertise in their industries to co-develop best-in-class cannabinoid-infused
products.
The
closing of the transaction is subject to a due diligence period as well as
usual customary closing conditions, which is anticipated in the fourth quarter.
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
To
hear more Investorideas.com podcasts visit: https://www.investorideas.com/Audio/.
The
Investorideas.com podcasts are also available on iTunes ( Apple Podcasts)
, Audible , Spotify, Tunein, Stitcher,
Spreaker.com, iHeartRadio , Google Play
Music and most audio platforms available.
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.
Follow us on Twitter https://twitter.com/Investorideas
Follow
us on Facebook https://www.facebook.com/Investorideas
Follow
us on YouTube https://www.youtube.com/c/Investorideas
Download
our Mobile App for
iPhone and Android
Join
our Investor Club https://www.investorideas.com/membership/
Contact Investorideas.com
800
665 0411
Get more Cannabis Stock Investor Ideas – news, articles, podcasts and stock directory
No comments:
Post a Comment