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Thursday 9 June 2022
Wednesday 8 June 2022
Investor Ideas #Potcasts 634, #Cannabis News and #Stocks on the Move- Interview with CEO of IM Cannabis Corp. (NASDAQ: $IMCC)
Investor
Ideas #Potcasts 634, #Cannabis News and #Stocks on the Move- Interview with CEO
of IM Cannabis Corp. (NASDAQ: $IMCC)
Delta, Kelowna, BC, June 8, 2022
(Investorideas.com Newswire), investorideas.com, a global news source covering leading sectors
including marijuana and hemp stocks and its potcast site release today’s podcast edition of cannabis
news and stocks to watch plus insight from thought leaders and experts.
Watch the video on YouTube
https://www.youtube.com/watch?v=FvKKh_qCwys
Listen to the podcast:
https://www.investorideas.com/Audio/Podcasts/2022/060822-StocksToWatch.mp3
Read this in full at https://www.investorideas.com/news/2022/cannabis-potcasts/06081Interview-IMCC.asp
Hear Investor ideas
cannabis potcast on iTunes
Hear the investor
ideas potcast on Spotify
Today’s podcast overview/transcript:
In today’s podcast, Investorideas
interviews Oren Shuster, CEO of IM Cannabis Corp. (NASDAQ: IMCC), where we discussed the
company’s position as a multi-country operator in Germany, Canada and Israel,
how each of these markets differs and synergizes as well as how IM Cannabis
hopes to differentiate itself from competitors moving forward.
When asked what separates IM Cannabis
Corp. from others in the cannabis space, Shuster commented, “IM Cannabis Corp
is one of the first companies to produce medical cannabis, we started in 2010
in Israel, and for many years we supplied directly to patients and today we are
an international company and we work in 3 of the largest legal federal markets,
Canada, Germany and Israel.”
Shuster continued, “In 2010, when we
started there wasn’t a market actually. In the beginning I was a bit naive and
thought that it was going to cure the world and I saw the impact on patients
and it was amazing and I thought it would spread and everyone would use
cannabis. I was a bit naive and it took much much longer and still medical
cannabis is not spread all over the world.”
When asked about some of the regulatory
differences and hurdles to each of these separate markets, Shuster went on,
“The Israeli market was highly regulated so from the beginning we understood
that we had an advantage regarding regulations because we were coming from such
a highly regulated market. So the first market we looked at entering was the
E.U. market because the regulations were
very similar and more than that it was the same time zone and Europe is the
biggest trade partner of Israel. We had many advantages especially because for
many years we supplied directly to patients and we collected a lot of data
which is super important in the medical markets. We decided to go to Germany
because it’s very rigid and it’s very difficult to meet the German standards,
so if you can meet these standards you can work in the rest of the E.U. easily.
It’s not necessarily the other way around. It’s like the gold standard I would
say. We knew it would take us longer, but it’s a long term industry so if you
are going to do something, do it right.”
Shuster continued, “The reason we
acquired operations in Canada is because Germany is an import market. We needed
high quality products for the German market but also for the Israeli market. So
that’s the reason why we acquired indoor facilities of premium and ultra
premium products. Now we have a complete supply chain; starting in Canada,
products go to Germany and Israel, from Germany we have the hub where we can
send products to Germany or the rest of the E.U. market. So now we have made a
complete supply chain.”
When asked about some of the unique
differences and challenges that each of these markets creates, Shuster
elaborated, “The Israeli market is a very unique market because in Israel the
black market is more expensive than the medical market. I’m not familiar with
any other market in the world that behaves like that. The reason for this is
because Israel is a small country surrounded by enemies so we have real borders
with almost no smuggling of cannabis across the borders. The army is gaurding
the border against terrorists so to take the risk on smuggling cannabis is not
the smartest thing to do in high volume. So the supply is grown locally. Israel
is a very small country and we have mostly dessert so it’s very easy to track
down and monitor illegal grows. So there is high demand and not a huge supply
so the prices are very high. There is also a third market which is where people
buy medical cannabis and sell it back to the black market at a premium. So any
cannabis user has a huge incentive to get a prescription and buy in a pharmacy.
So the only reason the market isn’t exploding with users is because there
aren’t enough Doctors to prescribe cannabis. I believe that the market will
grow significantly once there are more openings of physicians that prescribe
medical cannabis. You can think of Israel like the Michigan market. There are
many similarities and I believe it will be roughly the same size as it has
roughly the same population.”
Shuster continued, “Germany is a very
different market. In Germany medical cannabis was very expensive but now you
are starting to see prices go down. It was more than 20 EUROS per Gram and the
average price on the black market was closer to 10 EUROS per gram and now you
are starting to see prices go down closer to the black market. This is still
very high when you do the dollar conversion. In Germany any Doctor can
prescribe cannabis. You can go to the pharmacy and pay out of pocket and buy
cannabis prescriptions in Germany that are being reimbursed by the insurance
companies. There was a change in the market because now any pain physician that
prescribes cannabis gets immediately reimbursed. So all the cannabis being
prescribed by pain clinics or physicians is being reimbursed. So we are seeing
this change in the market. We are waiting to see this summer what the Ministry
of Health will publish. They want to do it next year but there is a strong
economic pressure in Germany right now because of their energy dependence on
Russia, so they think that cannabis is an excellent way to make more money with
taxation.”
Last month IM Cannabs Corp. provided financial
results for the
three months ended March 31, 2022 with highlights such as: increased revenues
of 169% year-over-year to $23.6 million, gross profit, before fair value
adjustments, was $6.4 million, representing an increase of 37% from Q1 2021 and
67% sequentially as well as completing four(1) strategic acquisitions in
Israel, including the country's largest retail and online pharmacy business and
a trade and distribution center with an IMC-GDP license.
"We continue to progress well on our
path to profitability and achieved another quarter of record revenues, which
grew 169% year-over-year in the first quarter," said Oren Shuster, Chief
Executive Officer of IMC. "We execute key initiatives that drive margin
expansion within each of our market segments and across our operating
footprint, which reflect the benefits of integrating our global model. In
Israel, we work to consolidate four of the country's leading pharmacies and
centralize our distribution and customer support to potentially create
significant cost savings while strengthening our brand presence. We also
increasingly leverage yield from our Canadian cultivation facilities for our
products imported to and sold in Israel, which exhibit a gross margin profile
that is nearly double that of products sourced from suppliers."
Shuster went on to discuss how IM
Cannabis Corp. assesses prospective product partners and the quality of their
products, how he expects each of these markets to develop and expand in the
coming years as well as general trends in the International cannabis industry
when it comes to the import/export market and how he expects this to expand and
develop.
To find out more
information about IM Cannabis Corp. visit their website here.
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.
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 Podcasts and most audio platforms
available.
About
Investorideas.com - News that Inspires Big Investing Ideas
Investorideas.com publishes breaking
stock news, third party stock research , guest posts and original articles and podcasts in leading stock
sectors. Learn about investing in stocks
and get investor ideas in cannabis,
crypto, AI and IoT, mining, sports biotech, water, renewable energy, gaming and
more. Investor Idea’s original branded content includes podcasts and columns : Crypto Corner ,
Play by Play sports and stock news , Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast , Cleantech and Climate Change ,
Exploring Mining , Betting on Gaming Stocks Podcast and
the
AI Eye Podcast.
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
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https://www.youtube.com/c/Investorideas
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Get more Cannabis Stock Investor Ideas – news, articles, podcasts and stock directory
Monday 6 June 2022
Friday 3 June 2022
Investor Ideas #Potcasts 633, #Cannabis News and #Stocks on the Move: Interview with CEO of CONBUD and CONBODY @conbodynyc
Investor Ideas #Potcasts
633, #Cannabis News and #Stocks on the Move: Interview with CEO of CONBUD and
CONBODY @conbodynyc
Delta, Kelowna, BC, June 3, 2022 (Investorideas.com Newswire), investorideas.com, a global news
source covering leading sectors including marijuana and hemp stocks and its potcast site release today’s podcast edition of cannabis news and stocks to watch plus insight
from thought leaders and experts.
Watch
the video on Youtube
https://www.youtube.com/watch?v=MN-LYhfLzb0
Listen to the podcast:
https://www.investorideas.com/Audio/Podcasts/2022/060322-Cannabis-CONBUD-CONBODY.mp3
Read this in full at https://www.investorideas.com/news/2022/cannabis-potcasts/06031Interview-CONBUD-CONBODY.asp
Hear Investor ideas cannabis potcast on iTunes
Hear the investor ideas potcast on Spotify
Today’s podcast overview/transcript:
In today’s podcast,
Investorideas interviews Coss Marte,
CEO and Founder of CONBUD and CONBODY, where we discussed Marte’s
incarceration and how he developed CONBODY, how he plans to bring CONBUD to New
York as well as the difficulties in starting a legal cannabis operation in New
York.
Discussing how
CONBODY led to CONBUD, Marte commented, “It’s been a long journey. I got into
CONBUD because I saw how unfair the industry has been with rich white business
owners taking over the industry, while people like myself who have actually
been affected by the war on drugs, specifically cannabis, can’t take advantage
of it. New York State is creating a bold move by stating that the first 200 to
300 licenses will be going to people like myself.”
When asked about
his hopes for CONBUD Marte commented, “I feel so hopeful that I meet these
qualifications. It’s a lot to start a business from the ground up. I feel like
I can really give people a second chance, who have been in my position, and
really hire people who have come out of the prison system to come work for me.
It’s not going to be easy but let’s see if we can get it. We have solidified
our first location now, and we are looking for another two, since the State has
said we can open up three at one go.”
When asked what the
biggest difference has been when it comes to hiring from within the Prison
system, Marte said, “What they bring to
the table is loyalty, hunger and really wanting to be part of it. My retention
rate for employment has been at least 4 years and I’ve been able to hire over
50 people coming out of the prison system. Anybody who’s working with me wants
to stay with us, and they may not have the technical skills or educational
skills at the moment but they will work their butt off. We’ve built an
incredible relationship with the parole office, where we can have a
communication line open to prevent these b.s. technical violations that mess
people’s lives up.”
Marte continued,
“On the Parole side they don’t test for marijuana anymore. Back in the day when
I was on parole, every time I went into the parole office someone was getting
violated for dirty urine, and I was going every week. It’s great to see that
they’re being progressive and they’ve taken that away from violating people.
They’re growing with the movement. On the federal side I think it’s still so
messed up that people are still getting incarcerated for marijuana while other
people are becoming multi-millionaires for taking advantage of the industry.”
When asked about
the illicit operations in New York and how he sees the legal market unfolding
Marte commented, “I trust that the system will work. They’ve been sending a lot
of cease and desist letters, and I feel like if you got one of those letters, it’s
going to be really difficult to transfer over to legal work after they gave you
a warning. I’m trusting the process and that New York city is going to do the
right thing.”
Coss Marte recently
spoke at TedxBerkeley 2022 where he went into much more
detail on what it’s like to hire from prison the system and the potential of
untapped talent and how this impacts his strategy for CONBUD.
Marte went on to
discuss some of the crossover potential between CONBODY and CONBUD in the
future, expectations for CONBUD and when he expects New York to come online, as
well as the future of the industry in general.
To find out more
information about CONBODY click here.
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.
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
Podcasts and most audio platforms available.
About Investorideas.com - News that Inspires Big
Investing Ideas
Investorideas.com
publishes breaking stock news, third party stock research , guest posts and
original articles and podcasts in
leading stock sectors. Learn about
investing in stocks and get investor
ideas in cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable
energy, gaming and more. Investor Idea’s original branded content includes
podcasts and columns : Crypto Corner , Play
by Play sports and stock news , Investor Ideas Potcasts
Cannabis News and Stocks on the Move podcast ,
Cleantech
and Climate Change , Exploring
Mining , Betting
on Gaming Stocks Podcast and the AI
Eye Podcast.
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
Contact Investorideas.com
800
665 0411
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