Thursday, 30 January 2020
Wednesday, 29 January 2020
Investor Ideas #Potcasts, #Cannabis News and #Stocks on the Move; (OTC: $EDXC), (TSXV: $LIFT.V) (CSE: $CURA.C) (CSE: $AGRA.C) (CSE: $IMCC.C)
Investor
Ideas #Potcasts, #Cannabis News and #Stocks on the Move; (OTC: $EDXC), (TSXV: $LIFT.V) (CSE: $CURA.C)
(CSE: $AGRA.C) (CSE: $IMCC.C)
Delta, Kelowna, BC, January 29, 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/01291EDXC-LIFT-CURA-AGRA-IMCC.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 of this week’s announcements.
CBD Unlimited, Inc. (OTC: EDXC), formerly known as Endexx
Corporation, a provider of innovative phytonutrient-based food and nutritional
products, announced that the Company has been invited
for an exclusive interview taking place at the Nasdaq MarketSite in Times
Square, New York City on Wednesday, February 5th, 2020.
Mr.
Todd Davis, CBD Unlimited’s Chairman and CEO, will be addressing the Company’s
recent business developments and rapid growth of the CBD market. Once recorded,
the interview will be released and immediately accessible to the public. This
interview comes quickly after the Company’s new product suite launch and
announcements of news related to additional international markets.
“We
are thrilled to have the opportunity to share our recent developments and
outlook for 2020 at the Nasdaq MarketSite in New York City,” commented Todd
Davis, CEO and Chairman of CBD Unlimited. “2019 proved to be a tremendous year
for our Company and we look forward to updating our audience on several new
initiatives. Our team continues to cohesively exceed expectations while
innovating new products and delivering to our customers. We look forward to
sharing our updates directly from one of the top exchanges in the world right
in the heart of New York City.”
Lift & Co.
Corp. (TSXV:LIFT) (OTCQB:LFCOF) announced the results of the fourth-annual
Lift & Co. Cannabis Business Conference (LCBC) and Expo Vancouver, which
took place January 9-11, 2020.
This
was Canada’s first major cannabis event of the year and occurred just as
Cannabis 2.0 started rolling out across the country. New cannabis product
formats are a highly anticipated market catalyst, estimated to bring in more
than $2.5 billion annually, making LCBC and the Expo an essential launchpad for
new products and a must-attend event for brands looking to resonate early with
new consumers.
Highlights
included:
●
Lift & Co. streamlined the Expo weekend
to one Industry Day and one Consumer Day to offer more targeted programming for
each attendee segment;
●
The total number of exhibitors at the Lift
& Co. Cannabis Expo increased 15% to over 300 booths covering 162,000
square feet of the Vancouver Convention Centre;
●
Total revenues were $2,574,832 for the
event, an increase of 14% compared to the 2019 Vancouver event, with operating
margin expected to be similar to previous Expos, in the range of 40% to 50%;
●
The weekend featured over 120 speakers,
including the industry’s top thought leaders from Canada and around the world;
●
Several new products launched at the Lift
& Co. Cannabis Expo including: BevCanna, who served non-infused versions of
its upcoming iced tea and sparkling botanical drink; Haven St. introducing its
new line-up of 5 premium infused teas; TOQi which launched the industry’s first
wireless charging vape pen; and more.
“The
increase in both exhibitors and revenue this year in particular demonstrates
the value of the Lift & Co. events platform in the cannabis industry. We’re
proud to see this continued growth in our events business, especially during a
time when overall growth in the market didn’t always meet expectations,” said
Matei Olaru, CEO of Lift & Co. “As we look ahead to a brand-new year in the
industry, this Vancouver conference and tradeshow illuminated a vibrant future
filled with opportunity, making it a must-attend event for investors,
professionals and consumers now and in the future.”
The
industry programming at the 2020 Vancouver LCBC and Expo signaled the evolution
of cannabis into the next major consumer packaged goods (CPG) industry.
Following the launch of Cohesion by Lift & Co. in 2019 and the subsequent
introduction of Cohesion
Segmentation—powered by Nielsen, Lift & Co. also further solidified its
position as a CPG data player to-watch in 2020 at the event. The Company’s
Chief Revenue Officer, Jon Kamin, shared the stage with executives from two of
the Company’s key partners from 2019, Nielsen and EY Canada, for Thursday’s
LCBC Keynote, moderated by Ipsos, on data analytics, consumer segmentation and
creating a data-centric organization in cannabis. On the Expo Fire & Flower Stage, Sean Copeland,
VP of Data, Lift & Co. honed in on data and market research alongside
representatives from IBM Canada, Ipsos, and BDS Analytics.
Cohesion is a
cannabis consumer insights platform with national coverage, launched by Lift
& Co. on September 10, 2019. Cohesion
draws from millions of Lift & Co.’s cannabis consumer and budtender data
points, accumulated through verified reviews, purchase receipts and brand
research on the Lift.co and CannSell platforms. In November, 2019, Lift &
Co. announced a strategic partnership with Nielsen for an industry-first
cannabis consumer profiling and segmentation tool, Cohesion Segmentation - powered by Nielsen, followed by the
addition of Adobe Advertising Cloud demand-side-platform (DSP) in December,
2019. This enhancement gives Cohesion
clients the ability to understand their target consumer segments and their
likely purchase habits, and then seamlessly deliver compliant programmatic
advertising and digital media buys to these segments through one platform.
Cohesion
is available today to industry participants as a monthly service by contacting
the Company.
At
its booth, Lift & Co. also revealed an early version of the new Lift &
Co. App, a new offering that will bring the power of the Lift.co platform into
the pockets of consumers and budtenders. Within the app, consumers or
budtenders can take a photo of a cannabis package label for immediate access to
the tens of thousands of cannabis product reviews on Lift.co. After a purchase,
consumers can upload a photo of their receipt directly on the app to earn Lift
Points. The app is a new source for much-needed product education from Lift
& Co. and will further enable the Company to tap into essential consumer
and retail data insights available to the cannabis industry through Cohesion. More on the Lift & Co. App
will be announced in the coming months.
Listen
to Investorideas recent interview with CEO Matei Olaru here
Curaleaf Holdings,
Inc.
(CSE: CURA) (OTCQX: CURLF), a leading vertically integrated
cannabis operator in the United States, announced it will open Cape Cod's first
adult-use retail dispensary today, on Wednesday, January 29, 2020 at noon.
The
retail store is located at 170 Commercial Street in the heart of Provincetown
and will be open seven days a week. Normal hours of operation are 10am – 6 pm
from Monday through Saturday and 10am – 5pm on Sunday during the winter and
early spring.
"We
are very excited to bring the first adult-use cannabis dispensary to Cape Cod.
Provincetown is a vibrant community where we plan to hire over 30 people and
become engaged with the cultural activities, charities and local initiatives
that are important and make the Outer Cape and Provincetown so special,"
said Patrik Jonsson, President of Curaleaf Massachusetts
.
"As
one of the largest cannabis companies in the United States, we are proud to be
based right here in Massachusetts and to be expanding our presence across the
Commonwealth," said Curaleaf CEO Joseph Lusardi. "Providing high
quality and reliable products to patients and customers in our home state is a
key part of Curaleaf's mission."
The
company opened its first adult use location in Oxford, Massachusetts in 2019,
co-located with its medical dispensary. Curaleaf also plans to open another
adult use retail location in Ware, MA this spring, pending regulatory approval.
Curaleaf currently employs 65 people at its national headquarters in Wakefield,
MA and another 148 employees at its local Massachusetts operations, which also
includes a medical dispensary in Hanover, MA and a processing and cultivation
facility in Webster, MA. Over the past year, Curaleaf has grown to become one
of the largest cannabis companies in the United States under the leadership of
CEO Joseph Lusardi, a Massachusetts native.
IM Cannabis Corp. (CSE: IMCC), one of the world's pioneering
medical cannabis companies with operations in Israel and across Europe, announced that on January 23, 2020 it signed
definitive agreements to establish a medical cannabis cultivation and
processing joint venture in Greece. The Company's Joint Venture partner is
Galen Industries Single Member Societe Anonyme, a Greek company established by
a consortium of investors in Greece with extensive experience in the
pharmaceutical, media, finance and energy sectors. In addition, the Joint
Venture and IMC have signed a preferred supply agreement in which IMC has the
right to purchase up to 25% of the total production from the Joint Venture. IMC
expects to gain commercial and competitive advantages by supplying the German
market and other emerging markets across Europe with EU-GMP medical cannabis
products from the Joint Venture's facility in Greece at preferred terms.
"Expanding
IMC's operations to Greece is another significant milestone in our
Europe-focused growth strategy and we have found excellent local partners that
share the same vision as we do," said Oren Shuster, Chief Executive
Officer. "Similar to Israel, Greece possesses excellent natural growing
conditions for the cannabis plant. Once the Joint Venture receives EU-GMP
certification, it will augment the sources from which the Company procures
IMC-branded medical cannabis products for medical patients in Germany at first
and throughout Europe over time."
Galen's
Managing Director, Mr. Vasileios Georgopoulos said, "IMC was carefully
selected as our partner due to its proven track record and is a distinguished
brand of medical cannabis in Israel and Europe, which gives us great confidence
in this Joint Venture in combination with our local market expertise. The medical
cannabis market in Europe is a very large long-term opportunity and we will
move quickly with IMC to establish an early advantage through this very focused
Joint Venture. We are incredibly happy to partner with a great global player,
while supporting the growth of a new medical industry in the recovering Greek
market. We expect the Joint Venture to create many new job opportunities in the
coming years."
AgraFlora Organics
International Inc. (CSE: AGRA) (OTC: AGFAF), a growth oriented and diversified
international cannabis company, announced that construction at the Company’s
industry-leading automated edibles manufacturing facility is expected to be
completed in the next 60 days, with approximately 75% of the work having been
completed.
The
Company anticipates the Winnipeg Edibles Facility will submit its Health Canada
affirmation of readiness and video evidence package shortly after completion of
construction. The Company is working with industry-leading experts to manage
the timing and quality of the Evidence Package Submission and expects the
Standard Processing License to be granted at the Winnipeg’s Edibles Facility by
summer 2020.
“Completing
the construction and licensing of the Winnipeg Edibles Facility is a strategic
priority for AgraFlora in 2020,” said Brandon Boddy, CEO of the Company.
“Edibles have only been broadly available to Canadian consumers starting in
2020 and the industry is still struggling to manage quality and inventory
levels. Our team in Winnipeg has a century of candy making experience, and our
facility is designed to produce high-quality, consistently dosed edibles using
smart automation investments to reduce costs as much as possible. Once
licensed, we expect to be disruptive in the edibles space.”
The
Winnipeg Edibles Facility is a state-of-the-art commercial scale edibles
facility that features industry leading manufacturing equipment and automation
for the production of cannabis edibles. The facility’s initial focus will be
the production of THC and CBD infused cannabis gummies which management
believes will be the largest category of cannabis edibles in Canada. The
facility is designed and operated by the Company’s joint-venture partner
holding nearly a century of confectionary manufacturing experience. The
facility design, workflow and equipment will allow the production of cannabis
edibles with unparalleled quality and consistency of dosing. In addition,
strategic investments in automation will allow the Winnipeg Edibles Facility to
reduce its operating costs.
Some
key facility highlights include:
●
Automated
Manufacturing: the custom
developed confectionary line utilizes automated mixing, cooking and depositing
systems to allow cannabis edibles to be produced from raw materials and
cannabis inputs with little human intervention. This process reduces labour
costs versus more manual manufacturing systems, increases throughput and
increases product consistency.
●
Smart
Recipe Management: the facility’s manufacturing equipment is
all computer controlled with each recipe custom programed to the exact required
specifications. This ensures that recipes are followed exactly, increasing the
consistency and predictability of the final product. In addition, the smart recipe management
facilitates faster recipe changes, increasing the flexibility of the production
line.
●
Pharmaceutical
Grade Dose Management: consistent dosing of the cannabis edibles
is vital to maintain regulatory compliance and consumer confidence. The
equipment utilized by the Winnipeg Edibles Facility is pharmaceutical grade
meaning it is capable of precisely dosing the edibles with cannabinoids.
Furthermore, the best-in-class design means the cannabinoids are deposited into
the edibles after the mixing and cooking process, removing the requirement to
blend bulk batches of in-process edibles, which can create challenges to the
maintenance of consistent dosing.
●
Rapid
Batch Turn-Over: the depositing system utilizes a double-headed design
which facilitates rapid switching between recipes. The system has been designed
to facilitate this rapid turnover without creating a risk of cross-contamination
between batches. This increases the facility’s flexibility to produce
additional SKU’s as compared to a single-headed depositing system.
●
Robust
Clean-In-Place Systems: the equipment has been fitted with an
automated clean in place system that utilizes advanced systems to rapidly and
effectively clean and sanitize the production equipment without disassembly or
transportation to a cleaning bay. This will greatly reduce the labour required
to maintain a sanitary production environment and increase daily throughput by
reducing equipment downtime due to cleaning.
“We
have seen in the data from the United States and the early sales in Canada that
gummies are the preferred edible form factor, and our JV partner has circa 100
years of experience producing candy confectionaries such as gummies,” continued
Brandon Boddy. “We’ve been strategic in our investments in automation to ensure
our line is industry leading from a cost perspective, but also very flexible to
accommodate different sizes of production run, flavours and cannabinoid
contents. Over time, our equipment will allow us to branch out beyond gummies
into chocolates, caramels, hard candies and more complex infused confections.”
Investor ideas
reminds all listeners to read our disclaimers and disclosures on the
Investorideas.com
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