Investor
Ideas #Potcasts, #Cannabis News and #Stocks on the Move; Episode 451 (CSE: $GTII.C)
(CSE: $TGIF.C) (TSXV: $EVE.V) (CSE: $ISH.C)
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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 company announcements.
Green
Thumb Industries Inc. (CSE:
GTII) (OTCQX:
GTBIF), a leading national cannabis consumer packaged goods
company and owner of Rise™ and Essence retail stores, and Cookies, a leading
North American cannabis lifestyle brand, today
announced an exclusive partnership to open Cookies on
the Strip in Las Vegas, the first Cookies store in Nevada. Cookies on the Strip
will sell the acclaimed portfolio of Cookies, Lemonnade, Runtz, Minntz, Collins
Ave, Run The Jewels and Grandiflora products in the brand’s signature retail
environment and is expected to open in the first quarter 2021, subject to
customary regulatory approvals.
Based in the Bay Area, Cookies'
Founder and CEO Berner is a prolific rapper and entrepreneur along with his
partner, Jai, a highly respected cannabis cultivator and breeder.
"We have been working on Las
Vegas for a very long time and we wanted to do it right which is why we chose
to partner with Green Thumb,” said Cookies Founder and Chief Executive Officer
Berner. “Everybody comes to Vegas, whether it be for a wedding, bachelor or
bachelorette party, birthday, anniversary or just to celebrate in general.
Vegas has always focused on spoiling the visitor with five-star restaurants,
hotels and entertainment. With a store right on the Strip and our cultivation
partners dialed in, as well as an exclusive five-star menu dedicated just to
the Nevada market, we are more than ready for Vegas. It won’t be hard to find
us either, we have a very special design for our store."
The Essence and Rise™ retail
locations in Las Vegas, Henderson, Spanish Springs and Carson City will also
offer Cookies products including popular favorites such as London Pound Cake
75, Gary Payton and Cereal Milk.
Green Thumb Founder and Chief
Executive Officer Ben Kovler said: “We have long believed that cannabis brands
that offer a consistent and authentic customer experience is key to winning in
the industry – and Berner has created a phenomenal brand with a loyal
following. This partnership allows us to explore bringing the unique Cookies
experience to market in a must-visit destination for Las Vegas visitors and
residents.”
The Essence store located at 2308
South Las Vegas Boulevard will be rebranded to Cookies on the Strip. The store
will remain open during the transition. Green Thumb currently owns and operates
seven stores in the state, five of which are in the Las Vegas area, and
manufactures and distributes its branded products including Cannabiotix, Dogwalkers,
incredibles and Rythm in Nevada. The company has licenses to open six more
retail stores in the state.
“Las Vegas remains an exciting
growth opportunity for our business with ongoing strong demand for cannabis
products,” Kovler noted. “This is a unique opportunity to collaborate with
Berner and his visionary team in one of the most popular tourist spots in the
world.”
1933
Industries Inc. (CSE:
TGIF) (OTCQX:
TGIFF), a vertically-integrated cannabis consumer packaged
goods company, announced the
addition of top brand Five Star Extracts to its select roster of licensed
partners in Nevada. The Company's subsidiary, Alternative Medicine Association
LC ("AMA"), signed a licensing agreement with California-based Five
Star Group, LLC, ("Five Star Extracts" or "Five Star") for
the cultivation, manufacture and sale of Five Star Extracts branded products in
Nevada for a one-year term.
The Company's newest partnership
reaffirms AMA's position as a top producer of cannabis concentrates in Nevada.
AMA's expertise in the field has been developed over several years as one of
the first cultivation and production licensees in the state. AMA will manufacture Five Star products,
including its exclusive flavored Double Shot line and flavored cannabis
tinctures. Under the licensing agreement, AMA will manufacture, distribute and
sell the licensed products, ensuring compliance with Nevada regulations as well
as third-party laboratory testing and certification. The licensed products have already received
the approval from the newly formed State of Nevada Cannabis Compliance Board
(CCB).
Five Star Extracts are some of the
highest quality THC products in the market. Five Star follows strict
proprietary extraction procedures to achieve clarity and potency for a smooth
cannabis product that stands above the rest. "We are excited to work with
a team who shares the same high standards, passion and pride for crafting top
quality cannabis products," stated Mr. Jordan Stroum, Director of Sales
for 1933 Industries' brands and brand partners. "Five Star brings a
differentiated approach to their product offerings with an innovative suite of
products that are easy to consume, discreet and can be taken on the go.
The Double Shot line is a
fast-acting beverage containing 20mg of THC in a variety of flavors and their
cannabis-infused tincture beverage enhancers with mix and match flavours are
unique to our brand offerings. We are excited to assist Five Star grow its
brand in Nevada."
Mr. Jason Winkler, CEO &
Co-Founder of Five Star Extracts, stated, "Five Star is very excited to
expand the brands footprint in additional states with trusted and like-minded
partners such as 1933. We are looking forward to having our Five Star quality
product lineup and executing the same marketing initiatives we pride ourselves
on within Nevada."
Eve
& Co Incorporated (TSXV:
EVE)
(OTCQX:
EEVVF) announced that
its wholly-owned subsidiary, Natural MedCo Ltd., has signed a supply agreement
with Colio Estate Wines, one of Canada’s leading wineries and the company
behind the top-selling domestic flavoured wine beverage brand, Girls’ Night Out1
on August 5, 2020.
The supply agreement contemplates
developing a premium cannabis-infused wine-based beverage for distribution by
Eve & Co and licensing for the Girls’ Night Out brand. The term of the
license agreement is for an initial three-year period with a two-year option in
favour of NMC and contemplates licensing royalties for the cannabis-infused
beverage to enter the adult-use market in 2020.
“We are very excited to be working with Colio
and the tremendous team behind the Girls’ Night Out brand. The combination of
Colio’s expertise with our high-quality cannabis extract allows us to provide
consumers with a new cannabis-infused beverage which aligns very well with our female-oriented
vision,” said Melinda Rombouts, President and Chief Executive Officer of Eve
& Co.
Jim Clark, President and CEO of
Colio noted that “Colio is delighted to be working with Eve & Co to produce
a new cannabis-infused beverage that builds on the success of the Girls’ Night
Out brand at satisfying the tastes and palates of female wine aficionados or
connoisseurs.
Inner
Spirit Holdings Ltd. (CSE:
ISH),
a Canadian company that has established a national network of Spiritleaf retail
cannabis stores, today
announced additional Spiritleaf store openings and the continued
expansion of its retail cannabis store network in Alberta and Ontario. The
Company also announced it has surpassed the one million customers served milestone
for 2020 during the month of July. It recorded its highest-ever monthly
customer count in July as well with 205,000 guests served.
"We're very pleased to continue
our expansion of the Spiritleaf brand into additional communities. We have
aggressive growth plans and we're staying focused on adding outlets to serve
more Canadians. We have numerous franchise partners either working through
licensing or constructing their stores at this time. Our franchise model is
extremely effective as we partner with local entrepreneurs and enable them to
invest their capital, share their passion and knowledge of cannabis with
customers, and contribute to the success of the Spiritleaf brand. We're proud
of every single customer we've served this year as that reflects the care and
the attention we bring to the shopping experience at our stores for new
visitors as well as our loyal repeat customers," said Darren Bondar,
President and CEO of Inner Spirit.
The Company celebrated the opening
of its 55th Spiritleaf location on July 24 with a franchised store in Calgary,
Alberta's Southland community located at the Brick Plaza on Macleod Trail. The
Company has a franchise location in Fish Creek Village in Calgary fully built
and awaiting final licensing and has conditionally secured five additional
franchise locations in Calgary and two additional corporate store locations in
Edmonton in anticipation of the Alberta Gaming, Liquor & Cannabis
increasing the licensing cap to over 45 permitted stores per operator this
fall.
In Ontario, Spiritleaf franchised
stores opened in the suburban community of Stittsville near Ottawa on July 25
and in London's Masonville neighbourhood on July 27. A corporate-owned store in
Nepean just south of Ottawa opened on July 29 bringing the total number of
Spiritleaf stores operating to 58. These stores follow on Spiritleaf stores in
Toronto, Ottawa, Guelph and Kingston. In total, the Company has nine Spiritleaf
stores serving customers in Canada's most populous province and an additional
17 locations under various phases of development.
Additional store locations have been
conditionally secured in British Columbia, Saskatchewan, Manitoba, and
Newfoundland and Labrador helping to solidify Spiritleaf as Canada's only
coast-to-coast retailer. Please visit www.spiritleaf.ca for information on
store opening times and operating hours.
Due to the COVID-19 pandemic, all
Spiritleaf stores are operating with enhanced customer service processes to
ensure the safety of employees and customers. Spiritleaf's Select & Collect
service enables customers to pre-shop and order online prior to pick-up.
Customers can also connect with their local Spiritleaf store through the
Spiritleaf Collective customer benefits program to further streamline and
individualize the shopping experience. The fast-growing Collective program now
has over 85,000 members.
To acknowledge the support from
these members, the Company has been running a virtual Spirit Bus Tour across
Canada this summer to spread peace, love and harmony. The tour is making
"stops" at each Spiritleaf store where Spiritleaf Collective members
can access exclusive promotions and special edition festival swag. Bus tickets
are available in-store or by email or text for Collective members and no
purchase is required. Please visit www.spiritbustour.ca for
tour dates and details.
An updated version of the Company's
investor presentation as well as a video interview with CEO Darren Bondar on
BNN Bloomberg have been added to www.innerspiritholdings.com/invest/. The
Company expects to file its Financial Statements and Management's Discussion
and Analysis for the quarter ended June 30, 2020 on or about August 24, 2020.
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