Investor Ideas #Potcasts
569, #Cannabis News and #Stocks on the Move; (NASDAQ: $ACB) (TSX: $ACB.TO)
(CSE: $AAWH.UC) (CSE: $HARV.C) (OTCQX: $HRVSF) (TSXV: $NOVC.V)
Delta, Kelowna, BC, May 26, 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/2021/052621-StocksToWatch.mp3
Read this in full
at https://www.investorideas.com/news/2021/cannabis-potcasts/05261ACB-AAWH-HARV-NOVC.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.
In
today’s podcast we look at a few public company announcements.
Aurora Cannabis
Inc.
(NASDAQ:
ACB)
(TSX:
ACB),
the Canadian company defining the future of cannabinoids worldwide, announced that it
has completed the transfer of its stock exchange listing to The Nasdaq Global
Select Market ("Nasdaq") from the New York Stock Exchange
("NYSE") after the market close on Monday.
The
Company's common stock began trading as a Nasdaq-listed security at market open
on May 25, 2021 and will continue to be listed under the ticker symbol
"ACB." This transition does not impact the Company's primary listing
on the Toronto Stock Exchange (TSX: ACB). Aurora shareholders DO NOT need to
take any further action.
Transfering
the listing to the Nasdaq is part of Aurora's recently announced cost
efficiency initiatives and aligns the Company with other cannabis peers on an
exchange known for innovative and growth-oriented companies.
The
last day of trading of the Company's common stock on NYSE was May 24, 2021.
Harvest Health
& Recreation Inc. (CSE:
HARV) (OTCQX:
HRVSF), a vertically integrated cannabis company and multi-state
operator in the U.S., today
announced the opening of a new medical dispensary in York,
Pennsylvania.
Harvest
of York is located at 2300 E Market St, York and is open Monday through
Saturday from 9:00 am to 8:00 pm and Sunday from 10:00 am to 6:00 pm. Additional Harvest dispensaries in
Pennsylvania are located in Camp Hill, Cranberry Township, Harrisburg,
Johnstown, King of Prussia, Reading (two locations), Scranton, and Whitehall.
"We
are excited to open our tenth Harvest-affiliated location in Pennsylvania, one
of the fastest growing medical markets in the U.S." said Chief Executive
Officer Steve White. "We look forward to serving patients and providing
quality products at this new location in one of our core markets."
Ascend
Wellness Holdings, Inc. (CSE:
AAWH.U), a multi-state, vertically integrated cannabis
operator, and Edie Parker, a luxury
fashion brand known for its vintage-inspired clutches and handbags, today
announced an exclusive wholesale licensing agreement to bring
the most coveted products from Edie Parker's sister brand, Flower by Edie
Parker, to AWH retail locations in Illinois and Massachusetts.
The agreement will allow AWH to
produce Flower by Edie Parker pre-rolls for sale at AWH's retail locations in
two cannabis markets expected to nearly triple in size between 2020 and 2022,
according to data from CB Insights and state reports. Flower by Edie Parker
first expanded beyond California earlier this year with the launch of sales in
Colorado, their presence now spanning four states with the addition of Illinois
and Massachusetts. This agreement reinforces AWH's position as an
industry-leading operator on the forefront of bringing popular West Coast
brands to Midwest and East Coast markets.
"Edie Parker is a
nationally-recognized, celebrity-backed brand and we’re thrilled to bring
products from its cannabis-centric sister brand, Flower by Edie Parker, to our
consumers in the Midwest and East Coast,” said Abner Kurtin, Chief Executive
Officer of AWH. "This partnership provides Ascend with a unique
opportunity to expand key product categories such as pre-rolls and target the
rapidly growing female consumer sector. We are continuously working to
diversify our Ozone offering and meet the distinct preferences of all consumer
segments, and we're delighted to introduce a female-focused brand to our
Midwest and East Coast clientele."
"Partnering with AWH allows us
to bring our line of attractive and considered cannabis products to new
audiences and empower even more modern consumers to openly celebrate the role
that cannabis plays in their lives," added Brett Heyman, Founder and
Creative Director of Flower by Edie Parker. "As an East Coast resident,
I'm proud to finally share Edie Parker's distinct product line with my own
community of cannabis enthusiasts."
AWH and Edie Parker are eager to
provide the market's sophisticated, fashion-forward female cannabis consumer
segment with an ultra-luxury brand and product line that caters to their
interests. The female demographic now represents the fastest-growing consumer
segment in the cannabis industry despite being underserved by the market. Women
accounted for only 35% of legal cannabis sales in 2019, but their market share
increased 1.6% year-over-year to 36.6% in 2020. The arrival of Flower by Edie
Parker products to AWH retail locations will help meet the growing demand for
female-centric brands and products to better serve female consumer
demographics.
Nova Cannabis Inc. (TSXV:
NOVC), announced
today that it has been added to the Cannabis ETF (NYSE:
THCX), an exchange traded fund listed on the NYSE Arca.
"As
a newly listed company, Nova's inclusion in the THCX is a strong validation of
our business strategy and unique, focused position within the retail cannabis
landscape," said Darren Karasiuk, CEO of Nova. "We are excited that
through the THCX ETF, more US and international investors will gain exposure to
our strategy, which is purpose-built to disrupt cannabis retail in Canada by
delivering an unparalleled value proposition to the high-volume,
value-conscious consumers that makes up the majority of the cannabis
marketplace."
Nova
is one of Canada's largest and fastest growing cannabis retailers with a goal
to disrupt the cannabis retail market by offering a wide range of high-quality
cannabis products at every-day best value prices. The Company currently
operates more than 55 locations across Alberta, Ontario, and Saskatchewan
primarily under its Value Buds and Nova Cannabis banners. The Company is
majority owned by Alcanna Inc. (TSX:
CLIQ).
The
THCX tracks the Innovation Labs Cannabis Index, a portfolio of 33 stocks that
are expected to benefit from the growth of the legal global marijuana,
cannabidiol ("CBD") and hemp industries. Nova's inclusion in the index
is part of THCX's further expansion into various cannabis sub-themes, including
Nova Cannabis' unique value-focused retail position. At the core of Nova's
strategy is the recognition that inside the four walls of a retail store is the
only place where brands will be built and the unparalleled value and prominence
that brings to the retail sector of the cannabis market.
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
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