Investor Ideas #Potcasts
601, #Cannabis News and #Stocks on the Move; (TSX-V: $ENTG.V) (OTCQX: $WDDMF),
(TSX: $VLNS.V) (OTCQX: $VLNCF), (TSXV: $KHRN.V) (CSE: $IKNK.U.C)
Delta, Kelowna, BC, August 31, 2021 (Invstorideas.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/2021/083121-StocksToWatch.mp3
Read this in full
at https://www.investorideas.com/news/2021/cannabis-potcasts/08311ENTG-WDDMF-VLNS-KHRN-IKNK.asp
Hear Investor ideas cannabis potcast on iTunes
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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.
Ikänik
Farms, Inc. (CSE:
IKNK.U) announced that it
has completed the construction and state and local licensing of its Palm
Springs dispensary, consumption lounge and home delivery.
"We are very excited to
complete our flagship dispensary and consumption lounge that will set a new
standard for cannabis experiences in the Palm Springs area, with operations
targeted to begin October 2021."
said Brian Baca, CEO of Ikänik Farms.
Conveniently located one block from
"Main Street" in the heart of Palm Springs, the licensed 1,800 square
foot dispensary offers customers an open and modern shopping experience, a
highly trained staff, and a wide assortment of California's leading brands and
Ikänik products, exclusive brand apparel and other soft goods, locally inspired
to create a consumer centric shopping experience. An online reservation system
will offer customers the convenience of shopping from their home and will
support curbside pickup and home delivery.
The consumption lounge boasts 2,200
square feet of open and airy space, cascaded with natural light from its
vaulted ceilings and a state-of-the-art ventilation and filtration system to
provide an appealing venue for dispensary customers, private parties, and
special events.
The company is excited to provide
the Palm Springs area with employment opportunities ranging from store
management to budtenders and support staff positions, with well-paying jobs
that offer upward mobility and internal promotion opportunities.
"We will see dispensary revenue
commence in Q4, with the completion of our California vertical integration
supporting margin growth moving into 2022", said Ryan Ciucki, CFO Ikänik
Farms.
Khiron
Life Sciences Corp. (TSXV:
KHRN) (OTCQX:
KHRNF), a vertically integrated medical cannabis leader with
core operations in Latin America and Europe, announced that it
has received sanitary registration in Peru for Alixen™ 30 and Alixen™ 100, two
CBD-rich products, which represent the Company's first two registered finished
medical cannabis products. As registered medical products, Alixen™ 30 and
Alixen™ 100 will be available for distribution through traditional medical
channels, including pharmacies, wholesale medical distributors, and
dispensaries, greatly expanding product availability while streamlining
distribution and prescription delivery.
Currently in Peru, the Company sells
magistral preparations, or customized compound formulations, through its
exclusive agreement with Farmacia Universal. In contrast, as shelf-ready
medical cannabis products, Alixen™ 30™ and Alixen™ 100 will be made widely
available, on a non-exclusive basis in the country. Alixen™ 30 will target indications such as
anxiety, insomnia, Parkinson's Disease, and depression, while Alixen™ 100 will
be used in the treatment of epilepsy. The Company also expects to have finished
THC products available for commercial distribution in early 2022 to address
additional pathologies, including chronic pain.
In the interim, the Company will
continue to fill high-THC magistral preparation prescriptions in partnership
with Farmacia Universal and work toward listing the Company's registered
medical cannabis products in major national pharmacy chains in Peru.
Alvaro Torres, Khiron CEO and
Director, comments, "As we look to establish ourselves as the leading B2C
medical cannabis company in Latin America, we are extremely proud to have
received our first ever registration of medical cannabis products.
Khiron-branded registered medical cannabis products from Colombia will be made
available in Peru, providing patients with broader access and quicker
prescription delivery through traditional distribution channels. Combined with
the recent launch of our first Zerenia™ clinic in Peru, we have the pieces in
place to expand in Peru and deliver on our Mission of improving patients'
quality of life through medical cannabis."
The
Valens Company Inc. (TSX:
VLNS) (OTCQX:
VLNCF) and Citizen
Stash Cannabis Corp. (formerly Experion Holdings Ltd) (TSXV:
CSC)
(OTCQB:
EXPFF) announced that
they have entered into an arrangement agreement pursuant to which Valens will acquire all of the issued
and outstanding common shares of Citizen Stash by way of a court-approved plan
of arrangement under the Canada Business Corporations Act, in an all share
transaction. The transaction is valued
at approximately $54.3 million on an enterprise value basis.
Under the terms of the Arrangement
Agreement, Citizen Stash shareholders will receive 0.1620 of a Valens common
share for each Citizen Stash Common Share held. The Exchange Ratio implies a
premium per Citizen Stash Common Share of approximately 35.1% based on the
15-day volume-weighted average price of the Citizen Stash Common Shares on the
TSX-V and the Valens Shares on the TSX as of the close of markets on August 27,
2021.
The Citizen Stash Acquisition is
expected to be accretive to Valens in 2021 and 2022 before synergies, and will
provide Valens with strategic, asset-light expansion into flower and pre-rolls,
the largest segments of the Canadian cannabis market currently accounting for
over 70% of retail sales. This acquisition is anticipated to solidify Valens'
position as a top tier cannabis company by enhancing the Company's market share
and adding an innovative, premium flower brand to its portfolio. Closing of the
Citizen Stash transaction will mark the third acquisition Valens has made this
year, which will accelerate Valens' strategic initiative to create a leading
global manufacturing platform, capture market share through innovative product
launches with unique consumer experiences, and expand on its existing domestic
and international distribution network to better capitalize on the global
opportunity.
Citizen Stash is a licensed
cultivator and processor of premium craft cannabis products based in Mission,
British Columbia, and will provide Valens the opportunity to unlock additional
growth with its extensive and specialized product portfolio in the premium flower
and pre-roll segments. Citizen Stash operates a unique, asset-light platform
comprised of a network of craft contract growing partners from which it
selectively sources premium bulk flower grown from Citizen Stash's industry
leading proprietary genetics. Citizen Stash manufactures and packages flower
and pre-roll products primarily through manual processes.
Citizen Stash is one of the top
performing premium brands in the flower and pre-roll categories. Based on
Hifyre data for the flower category during March to May 2021 in the markets of
Ontario, Alberta and British Columbia, Citizen Stash is the highest ranked
premium brand by market share in the flower category with an average selling
price above $13.00 per gram and is the only brand in the top 20 by market share
with an average selling price above $13.00 per gram. Within the pre-roll
category during March to May 2021 in the markets of Ontario, Alberta and
British Columbia, Citizen Stash is the third highest ranked premium brand with
average selling price above $13.00 per gram and one of only five within the top
20 overall brands. The Citizen Stash brand has demonstrated very impressive
strength in the competitive flower and pre-roll categories with year-over-year
market share gains unlike many other competitor brands – a testament to the
product quality and consumer loyalty borne out of Citizen Stash's industry
leading genetics.
Tyler Robson, Chief Executive
Officer and Chair of the Board of The Valens Company, said, "We are
excited to join forces with Citizen Stash's experienced team and broaden our
offerings in the flower and pre-roll verticals with a best-in-class brand. The
premium price tier of the flower and pre-roll segments represents the best
expansion opportunity for Valens in the flower category, as premium brands are
the hardest to build, while also capturing the highest margins. Citizen Stash's
asset light model, and proprietary genetics will provide us significant
operational flexibility and an opportunity to leverage the growing capabilities
of our existing LP partners. In short,
this strategic acquisition will allow Valens to significantly expand its
presence in the recreational market and capture a share of the largest
categories of the Canadian cannabis space without the burden of a high-cost
growing infrastructure. We are opportunistically expanding our product offering
to align with consumer demand for high quality craft cannabis flower and
pre-rolls."
Entourage Health
Corp. (formerly
WeedMD Inc.) (TSX-V:ENTG) (OTCQX:WDDMF), a
Canadian producer and distributor of award-winning cannabis products and
brands, announced
today that its subsidiary and licence holder WeedMD RX Inc.
has signed agreements with BBCCC, Inc., a subsidiary of the The Boston Beer Company, Inc. (NYSE:
SAM)
(‘BBC’), and Ontario-based Peak Processing Solutions (‘Peak’), a subsidiary of Althea Group Holdings Ltd (ASX:AGH), to
launch a new portfolio of non-alcoholic cannabis-infused beverages in Canada,
with production commencing in Q4, 2021.
Under
the terms of the five-year development, supply, manufacturing, sales and
marketing agreements, BBC and Peak will develop the beverages with Entourage’s
cannabinoid-rich input biomass processed at Peak’s Windsor, Ontario facility.
Entourage will be the exclusive distributor of the cannabis-infused beverages
in Canada leveraging Entourage’s expansive local sales and marketing network.
“The
cannabis market is constantly evolving and with a growing base of consumers
seeking consumption alternatives, we’re excited to partner with Boston Beer and
Peak to elevate our offerings with Canadian-made, cannabis-infused beverages
developed by one of North America’s most iconic craft beer brands,” said George
Scorsis, Interim CEO and Executive Chair of Entourage. “We are proud to expand
into another consumer vertical with award-winning partners of well-known
products that will focus on all segments including the emerging self-care
market. Our collective industry expertise coupled with extensive cannabis
research and advanced branding strategies will lay the foundation for new
product collaborations and further market expansion opportunities at scale. Our
strong industry presence, sales force and reputation for consistently
delivering award-winning brands in Canada makes this an ideal collaboration.”
Peak
Founder and President, Gregg Battersby added: “The team at Peak are delighted
to partner with two industry leaders in Entourage Health and The Boston Beer
Company to develop what promises to be an exciting range of cannabis-infused
beverages. This collaboration is further validation of Peak’s significant and
unique capabilities in the Cannabis 2.0 space, and the latest in a growing list
of strategic and innovative partnerships.”
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.
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