Investor Ideas #Potcasts
588, #Cannabis News and #Stocks on the Move; (Nasdaq: $SNDL) (TSXV: $HITI.V)
(Nasdaq: $HITI) (CSE: $GAGE.C)
Delta, Kelowna, BC, July 21, 2021 (Investorideas.com Newswire) www.Investoride, as.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/2021/072121-StocksToWatch.mp3
Read
this in full at https://www.investorideas.com/news/2021/cannabis-potcasts/07211SNDL-HITI-GAGE.asp
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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 private and public company announcements.
Sundial
Growers Inc. (Nasdaq:
SNDL) announced the completion of the previously disclosed
arrangement whereby Sundial has acquired all of the issued and outstanding
common shares of Inner Spirit Holdings
Ltd. (CSE:
ISH)
(OTCQB:
INSHF) for consideration per Inner Spirit Share consisting
of (i) $0.30 in cash and (ii) 0.0835 of a common share of Sundial.
TRANSACTION
HIGHLIGHTS
● Establishes
Sundial as one of Canada's largest vertically integrated cannabis companies: Sundial
is a diversified cannabis company with a strong brand portfolio and extensive
consumer packaged goods experience. Acquiring Spiritleaf broadens Sundial's
business with a strategic entry into cannabis retail and enables greater access
to and understanding of retail markets, product marketing insights and consumer
purchasing trends.
● Establishes
Sundial as Canada's largest single-branded network of retail operations: The
addition of well-established Spiritleaf franchised and corporate-owned stores,
representing the country's largest single-brand recreational cannabis retailer
with 100-plus stores across six provinces, provides Sundial with an integration
and expansion platform in current operating markets in Canada.
● Strengthens
Sundial's retail expertise with cannabis advocates: Spiritleaf
has earned its reputation as an industry leader for its franchise sales and
support system, in-store design and experience, employee education and
training, marketing creativity and customer benefits program.
"The
acquisition of the Spiritleaf cannabis retail network makes Sundial a stronger
and more diverse cannabis company," said Zach George, Chief Executive
Officer of Sundial. "We are excited to work with the Spiritleaf team and
franchise partners to further develop and optimize the store network in Canada
and provide a clear path to sustainable profitability for Sundial. Spiritleaf
has demonstrated the ability to grow its brand from coast to coast, and we plan
to support this growth trajectory, enhance the use of data to make key business
decisions, and provide an optimal product assortment to meet the diverse needs
of Canadian cannabis consumers."
Darren
Bondar, President and Chief Executive Officer of Inner Spirit, said, "We
believe the acquisition of Inner Spirit and the Spiritleaf network by Sundial
represents the clear best path forward for Inner Spirit shareholders.
Spiritleaf recently achieved the 100-store milestone in Canada and is the first
cannabis retail company to do so. We are proud of what we have accomplished
with the Spiritleaf brand and what we have built with the support and dedication
of our franchise partners and employees in communities across the country. I
know our brand and our people are in good hands with Sundial and this
transaction, along with our loyal customer base, will further entrench the
Spiritleaf brand as a leading retailer in Canada while enhancing Sundial's path
to profitability."
Inner
Spirit has submitted applications to the applicable regulators to cease being a
reporting issuer and to terminate its public reporting obligations. It is
anticipated Inner Spirit Shares will be de-listed from the CSE on or about July
21, 2021. Full details of the Arrangement are set out in the management
information circular of Inner Spirit dated June 14, 2021 which is available
under Inner Spirit's profile on SEDAR at www.sedar.com.
Ghost
Drops
announced the
launch of its pioneering NFT marketplace, www.crypto-drops.com.
In collaboration with full-service
digital banking partner QNTMPAY, Ghost Drops – the iconic cannabis brand which
recently announced its popular launch into the legal market – is launching
Crypto Drops, a world-first NFT platform focused on cannabis and the
gamification of cannabis cultivation.
This is the digital future of
cannabis," says Ghost Drops CEO Gene Bernaudo. "Globally, there's
nothing like this but there's a real appetite for it. We're thrilled to
continue to expand the boundaries of cannabis culture."
Crypto-drops.com
will launch in two waves. First, Ghost Drops is releasing its fan-favourite
legacy strain art as unique, one-of-a-kind digital NFTs. This is a chance for
cannabis collectors and connoisseurs to own a piece of the renowned Ghost Drops
history. The legacy market strain art is being retired as it is not compliant
with legal market restrictions.
In the second wave, Crypto Drops
will expand considerably, building out a virtual gamified world of cannabis
collection and cultivation. Featuring digital breeder packs of sought-after
cannabis seeds, users can buy, sell and trade seeds, and grow virtual plants to
crossbreed with other strains.
"Ghost Drops has been a
cultural icon in Canadian cannabis. Now, we're about to revolutionize banking,
NFTs and crypto in this space," Bernaudo says.
"I love that our original fans
have this opportunity to own a piece of the Ghost Drops legacy with our strain
art. This way, the history of the ghost can live on with the fans who helped us
get here.
"And for cannabis connoisseurs,
collectors and gamers, I can't wait for them to experience the new digital
cannabis frontier we're pioneering with Crypto Drops."
The partnership with QNTMPAY is a
blockbuster piece of crypto-drops.com. The Official Digital Banking Partner of
Ghost Drops and Crypto Drops, QNTMPAY is next-generation, no-worries banking
that will provide ease of entry into buying and selling cannabis NFTs.
QNTMPAY removes the requirement to
deal with cryptocurrency to purchase NFTs by processing debit, Visa,
Mastercard, Apple Pay, and more. Through QNTMPAY, Ghost Drops will also offer
its customers a free peer-to-peer banking solution, including Ghost-branded
bank cards and Mastercards.
In addition, Ghost Drops will also
be introducing a points system – Ghost Cash – allowing consumers to redeem
points from QNTMPAY purchases, to redeem on merchandise and accessories.
Consumers who had been earning the former rewards, Ghostdots, will be able to
transfer their points over.
QNTMPAY Founder Adam Pearsall says
this launch marks the beginning of an exciting partnership in a high-growth
space.
"Crypto Drops is going to
transform the cannabis space, both in a cultural sense and also with how money
changes hands. QNTMPAY is excited to be a part of this venture, as we bring our
cutting-edge banking technology to this game-changing partnership."
Gage Growth Corp. (CSE:
GAGE), a leading high-quality premium cannabis brand and
operator in Michigan, announced that
Gage and Pure Beauty have entered into an exclusive five-year partnership
agreement to launch Pure Beauty's line of premium cannabis products in the
state of Michigan, pending Michigan regulatory approval. Pure Beauty is a
California-based boutique cannabis brand that combines art, culture, and style
with sustainable and social justice practices.
Through
the Partnership, Gage will be the exclusive producer, processor, wholesaler and
retailer of Pure Beauty branded products in Michigan. Gage and Pure Beauty will
work to develop and commercialize a product lineup that includes flower, a full
range of pre-rolls, extracts, beverages and edibles that will be sold at Gage
branded provisioning centers (dispensaries).
"Our
mission is to bring unique, high-quality products to market, while being
mindful of the social and environmental implications intrinsic to the cannabis
industry," said Imelda Walavalkar, CEO of Pure Beauty. "As a brand that cares deeply about art
and culture, we felt very aligned with Michigan's distinct and thriving
culture, specifically with Gage, who we find to be among the best cultivators
and operators in the nation. We are confident they will execute at the highest
level as they share our commitment to social justice. We could not be more excited about this
partnership."
"We
are thrilled to announce this partnership with one of the top brands in cannabis,"
said Fabian Monaco, CEO of Gage. "Brand recognition is key to winning in
the cannabis industry and with the addition of Pure Beauty to our brand
portfolio, we look forward to creating and delivering the highest-quality
cannabis products and experiences to our customers and patients."
High
Tide Inc.
(TSXV:
HITI) (Nasdaq:
HITI), a retail-focused cannabis corporation enhanced by
the manufacturing and distribution of consumption accessories, announced that
its pursuit to dominate the e-commerce marketplace for consumption accessories
and merchandise, especially targeting the United States, has attracted another
leading retailer to join the High Tide family. High Tide has entered into a
definitive agreement pursuant to which High Tide USA Inc., a wholly-owned U.S.
subsidiary of the Company will acquire 100% of the issued and outstanding
shares of DS Distribution Inc., operating as DankStop.com for US$3.85 Million.
"This acquisition is yet
another example of how High Tide's U.S. e-commerce infrastructure and network
keep getting stronger. Rolling multiple
established e-commerce platforms into our network is positioning us nicely to
create numerous synergies and efficiencies across our ecosystem. Along with
this transaction, our last two acquisitions have increased High Tide's social
media reach by leaps and bounds, giving us access to an invaluable potential
customer base," said Raj Grover, President and Chief Executive Officer of
High Tide. "Being vertically
integrated in the consumption accessories space and having access to the end
consumer will continue to result in our ability to make meaningful high margin
sales across all of our channels. Having
already commenced online cannabis sales in three Canadian provinces, and
already possessing an established customer network in place in the U.S.
positions us well to commence online cannabis sales and cannabis subscription
boxes in the United States if and when federally permissible. It is for these
and many other reasons that I am delighted to welcome the DankStop team to the
High Tide family of companies," added Mr. Grover.
With over 10 years of experience in
the consumption accessories sector, including through its subsidiaries
Grasscity, Smoke Cartel and Daily High Club, High Tide is constantly exploring
opportunities to further increase its share in the growing consumption
accessories market. The DankStop acquisition will be immediately accretive and
its growing base of over 200,000 email subscribers provides High Tide with
another sales channel on which to sell its products, thus leveraging retail
margins on its own brands. The
acquisition will also result in enhanced efficiencies and vertical integration
as DankStop is already a supplier for High Tide's dropshipping catalogue. Although currently
operating in the hemp-derived CBD and consumption accessories space, High Tide
intends to expand its cannabis retail network into the United States in the
event of federal legalization, through cannabis subscription boxes, mature
e-commerce sites and bricks and mortar locations. The work of launching consumption accessories
and hemp-derived cbd subscription boxes across all platforms has begun and High
Tide will continue to optimize and integrate these platforms throughout the
year. Upon closing of the transaction
DankStop co-founder Feliks Khaykin and director Gabe Aronovich will be joining
the High Tide team with Feliks taking on the role of Director of U.S.
Operations and Gabe coming on as Director of U.S. Business Development.
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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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