Investor
Ideas #Potcasts, #Cannabis News and #Stocks on the Move; (TSX: $WEED.TO) (NYSE:
$CGC) (TSX: $RIV.TO) (CSE: $AGRA.C) (TSXV: $ENW.V)
Delta, Kelowna, BC, February 14, 2020 (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:
Read this in full
at https://www.investorideas.com/news/2020/cannabis-potcasts/02141WEED-CGC-RIV-AGRA-ENW.asp
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 early announcements.
But
first, an
upcoming event in Toronto, "Dope Cocktails" is
Toronto's first public event of its kind and will be held at The Jam Factory on
Thursday, February the 20th from 5pm to 10pm.
This
groundbreaking event gives guests the opportunity to sip and sample
non-alcoholic THC and CBD cannabis-infused cocktails. Dope Cocktails is an upscale-adult evening
for people who want to relax and enjoy delicious handcrafted non-alcoholic,
cannabis-infused cocktails.
Cocktails:
THC cocktails: Diesel
Sour, Cookies and Cream, Pineapple
Express,
Canna-colada, Pink Panther Margarita, Couch Lock Collins
CBD cocktails: 416er
Elixir, The Calm after the Storm, CBD Mojito
For
the THC "canna-seurs" at the event, additional mgs/THC drops will be
available, however, for the moderate and less experienced members of the
cannabis community, we recommend that they enjoy our cocktails as they were
professionally created for this event.
Admission:
$135
plus taxes and fees
The
event's one price, all-inclusive ticket includes admission to the event, DJ,
art installations and 2 food items. Nine
handcrafted dope cocktails will be gifted to each guest.
As well, the Cannabis Drinks Expo is slated
for multiple locations this year with the Beverage
Trade Network bringing the expo to San Francisco on July 30th and
Chicago on August 3rd.
Historically
drawing hundreds of cannabis industry leaders, the event’s stated theme,
“Growing Your Cannabis Drinks Business,” is geared to prime attendees with
critical information on a variety of important topics. Conference-goers will
enjoy opportunities to interact with experts from all levels of the cannabis
beverage ecosystem, including distributors and retailers, political and legal
analysts, medical researchers, and marketing and branding experts.
The Bay City
location is symbolic of the industry’s charted direction. Longtime host city of
events for the global wine and spirits industry, beverage industry enthusiasts
have met to discuss its growth for many years; now, that growth path includes
cannabis beverages.
“Choosing San
Francisco as the host city for our first event this year made a lot of sense,”
noted Beverage Trade Network CEO and founder Sid Patel. “California has now
emerged as an influential voice determining the future growth of the cannabis
drinks industry.”
The one-day B2B
expo and conference will partially focus on the emerging relationship between
California’s wine industry and its freshly legalized recreational cannabis
industry. Wine and cannabis industry experts will lead discussions on a myriad
of topics, including the current regulatory and policy landscape for cannabis
drinks, licensing requirements, and marketing opportunities within the
hospitality and tourism sectors. Once viewed as a competitive threat, the
cannabis beverage industry is recently being embraced by winemakers and grape
growers to foster mutually beneficial collaboration, and the 2020 Cannabis
Drinks Expo celebrates that evolving relationship.
For industry
enthusiasts located closer to the Midwest, the summer’s second Cannabis Drinks
Expo will be held at the Midwest Conference Centre in Northlake,
Illinois—approximately 30 minutes from Chicago. The event will consist of both
a business conference and a trade show floor for exhibitors and presents
attendees with an opportunity to meet new partners with expertise in growing,
manufacturing, distribution, packaging and branding. The expo’s tradeshow floor
format allows for maximum interaction between participants and trade partners.
With potential
exhibitors in a variety of verticals, such as medical marijuana production,
cannabis production, wineries, breweries, distilleries, pharma companies,
marijuana-infused products, edibles providers and more, the exhibition is set
to provide a well-rounded view of the cannabis beverage industry’s future
alongside other established sectors.
Experts will offer
sessions on a variety of industry-specific topics, including the following:
●
Up-and-coming innovations
●
Insights and innovations regarding the
current legal and regulatory environment
●
Emerging business models
●
New routes to market and distribution
channels
Canopy
Growth Corporation (TSX:
WEED) (NYSE:
CGC)
today
announced its financial results for the third quarter ended
December 31, 2019.
Some of the Third
Quarter Fiscal 2020 Corporate Financial Highlights included:
● Revenues: Reported Net
Revenues increased 62% over Q2 2020, or 13% excluding the impact of portfolio
restructuring charges. Gross Recreational B2B revenue increased 8% over prior
quarter due, in part, to over 140 stores becoming active in the quarter and
higher sales of premium dried flower and pre-roll joints. Our acquired
businesses including Storz & Bickel and This Works also performed well,
contributing to organic growth this quarter.
● Gross margin: Gross margin
before fair value impacts was 34%. Gross margin performance in quarter
benefited from lower period costs due to higher facility utilization
● Operating expenses: Total
operating expenses decreased 14% versus Q2 2020 primarily due to a $20 million
reduction in G&A expenses and over $31 million lower stock-based
compensation versus the prior quarter
● Adjusted EBITDA: Adjusted EBITDA
loss of $92 million, a $64 million narrower loss versus Q2 2020 driven by
higher sales, improved gross margins and lower operating expenses
● Cash Position: Gross cash
balance was $2.3 billion, down from $2.7 billion in Q2 2020, reflecting the
EBITDA loss, capital investments and M&A
"In Q3 we
executed across Canada, in our international markets and in our strategic
acquisitions to drive revenue growth," said David Klein, CEO. "We have
a lot of work to do. We are eager to
capitalize on the opportunity to create an unassailable position through a
tight focus on the consumer and on critical markets."
"We delivered
significant gross improvement in the third quarter driven by stronger revenues
and higher capacity utilization. Actions taken earlier this year are expected
to meaningfully reduce stock-based compensation in FY21, and we have started to
implement tighter cost controls across the organization," said Mike Lee,
EVP & CFO. "We plan to take further steps to reduce our costs and
right-size our business to ensure that we can generate a healthy margin profile
and cash generation in the coming years."
Canopy
Rivers Inc. (TSX:
RIV)
(OTC:
CNPOF), a venture capital firm specializing in cannabis, today
released its financial results for the three and nine months
ended December 31, 2019. The Company's unaudited condensed interim consolidated
financial statements for Q3 2020, and its management's discussion and analysis
for Q3 2020, are available under the Company's profile on the System for
Electronic Document Analysis and Retrieval at www.sedar.com and on the
Company's website at www.canopyrivers.com/investors/financials-and-public-filings.
All financial
information in this press release is reported in Canadian dollars, unless
otherwise indicated.
"In the third quarter, we
continued pursuing our goal to become the leading venture capital firm building
the cannabis industry of tomorrow," said Narbé Alexandrian, President
& CEO, Canopy Rivers. "We focused primarily on follow-on investments
in our existing portfolio of innovative companies, further developing the
Canopy Rivers ecosystem through collaborative partnerships, and evaluating
where we think the next wave of disruption will come from as the global
cannabis market continues to evolve and mature. Our aim is to build on this
momentum as we look to have a successful 2020."
"It was a challenging end to
2019 for the valuations of publicly-traded cannabis companies, which naturally
impacted our results for the quarter," said Eddie Lucarelli, CFO, Canopy
Rivers. "However, we continue to believe that these headwinds for the
cannabis sector are temporary, and that the strength of our balance sheet
positions us well to weather the storm. A strong pipeline of global investment
opportunities, positive trends in supply chain and retail developments in
Canada, and impending milestones at our portfolio companies truly excite us for
what's to come in 2020."
AgraFlora
Organics International Inc. (CSE:
AGRA) (OTC:
AGFAF), a growth oriented and diversified international
cannabis company, announced that
the Company has taken steps to accelerate the market growth of Whole Hemp
Health, a proprietary line of hemp-derived cosmetic products
developed/owned/manufactured by Canutra Naturals Ltd., a wholly owned
subsidiary of AgraFlora. The Company,
via Canutra, has engaged Gatekeeper Growth Partners, an elite
performance-marketing firm, to assist Canutra in driving the growth of its
Whole Hemp Health products on online marketplaces such as Amazon.
Pursuant to a
definitive agreement entered into between Canutra and Gatekeeper, Gatekeeper
will deploy a proven arsenal of digital marketing tools to acquire new
customers for Whole Hemp Health with the primary goal of accelerating growth
through online and direct-to-consumer channels. This includes supporting the
current Whole Hemp Health sales force with a proprietary suite of marketing
technologies, including data-driven advertising campaigns that have a proven
track record of driving conversions and sales for wellness products. In particular, the Company will leverage
Gatekeeper’s strong knowledge of and history of success on the Amazon platform,
as well as other ecommerce marketplaces.
"We are
pleased that we conform with Gatekeeper’s strict product criteria and to be
selected as a partner to their proven sales model, which de-risks our online
advertising strategy," stated Canutra CEO Tony Harris. "Gatekeeper
only selects a few clients per year to partner with, and it is a testament to
the quality and market potential of our products that they have chosen to work
with Whole Hemp Health."
EnWave
Corporation (TSX-V:ENW) (OTC:
NWVCF) announced
today that it has agreed to modify its Equipment Purchase
Agreement with Medican Organic Inc., a subsidiary of The Green Organic Dutchman Holdings Ltd. (TSX:TGOD)(OTC:TGODF), that
was previously announced on March 26, 2019. Under the terms of the original
Purchase Agreement, TGOD purchased three 120kW Radiant Energy Vacuum
("REV™" ) machines equipped with Optional Support Equipment and
Robotic Arms for installation at its Valleyfield, Quebec facility.
At the request of
TGOD, due to its revised processing requirements and a phasing of the
Valleyfield facility buildout, the capacity of REV™ machinery to be delivered
to TGOD has been reduced to a single 120kW REV™ machine with an Optional Support
Equipment and Robotic Arm system. TGOD has already taken possession of a 60kW
REV™ machine for processing at its Ancaster, Ontario facility, which is slated
for commissioning in the coming months.
TGOD has fully paid
EnWave for the first 120kW REV™ machine and partially paid for the two REV™
systems that will no longer be delivered following the modification to the
Purchase Agreement. The cash collected by EnWave related to the two REV™
systems that will not be taken by TGOD fully covers all the costs incurred by
the Company related to fabrication, including an acceptable margin. The Company
did not incur any losses as a result of the Purchase Agreement modification.
Pursuant to the
Purchase Agreement modification, EnWave now owns the two partially fabricated
120kW REV™ systems and will seek to redeploy the systems in alternative
projects within cannabis or food verticals.
The royalty-bearing
commercial license agreement between EnWave and TGOD remains in good standing,
and TGOD plans to leverage the operational benefits made possible through REV™
for the high-precision, controlled, rapid dehydration of cannabis. The Company
anticipates receiving the first royalties from TGOD in fiscal year 2020.
Investor
ideas reminds all listeners to read our disclaimers and disclosures on the
Investorideas.com
website and 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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