Investorideas.com newswire, breaking news for marijuana, cannabis and hemp stocks

Monday, 10 August 2020

Investorideas.com - Drug Policy Alliance Leads Extensive Coalition of Public Health Organizations and Professionals in Calling on Congress to Support Marijuana Reform

Investorideas.com - Drug Policy Alliance Leads Extensive Coalition of Public Health Organizations and Professionals in Calling on Congress to Support Marijuana Reform

Investorideas.com - Cannabis Stock News: Supreme Cannabis (TSX: $FIRE.TO) (OTCQX: $SPRWF) Launches New Affordable Cannabis Brand Hiway

Investorideas.com - Cannabis Stock News: Supreme Cannabis (TSX: $FIRE.TO) (OTCQX: $SPRWF) Launches New Affordable Cannabis Brand Hiway

Get the latest Cannabis and Hemp stock news from www.investorideas.com

Investorideas.com - Cannabis Stock News: Canopy Growth (TSX: $WEED.TO) (NYSE: $CGC) Reports First Quarter Fiscal 2021 Financial Results

Investorideas.com - Cannabis Stock News: Canopy Growth (TSX: $WEED.TO) (NYSE: $CGC) Reports First Quarter Fiscal 2021 Financial Results

Join our Investor Club https://www.investorideas.com/membership/

Investor Ideas #Potcasts, #Cannabis News and #Stocks on the Move; Episode 453 (TSX: $WEED.TO) (NYSE: $CGC) (TSXV: $KHRN.V) (TSX: $FIRE.TO)

 Investor Ideas #Potcasts, #Cannabis News and #Stocks on the Move; Episode 453 (TSX: $WEED.TO) (NYSE: $CGC) (TSXV: $KHRN.V) (TSX: $FIRE.TO)

 


Delta, Kelowna, BC, August 10, 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:

https://www.investorideas.com/Audio/Podcasts/2020/081020-StocksToWatch.mp3

 

Read this in full at https://www.investorideas.com/news/2020/cannabis-potcasts/08101WEED-CGC-KHRN-FIRE.asp

 

Hear Investor ideas cannabis potcast on iTunes

 

Hear the investor ideas potcast on Spotify  

 

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.

 

Canopy Growth Corporation (TSX: WEED) (NYSE: CGC) today announced its financial results for the first quarter fiscal 2021 ended June 30, 2020.  The stock also rose by nearly $2 at the start of the day upon the release of the financial results.

 

"We're proud of our strong first-quarter performance, despite unprecedented volatility and uncertainty in the market and across the globe," said David Klein, CEO. "We grew our revenue year-over-year and are seeing market share improvement, notably achieving number one market share in cannabis-infused beverages in the Canadian market.  We are implementing a renewed corporate strategy with the appointment of a new leadership team which will focus on delivering quality products to our consumers, positioning our business for continued growth. The proposed retooled Acreage announcement refocuses our entry for the evolving U.S. market, where we are seeing increased momentum."

 

"Following our previously announced restructuring actions, we have substantially reduced our expense and cash burn in this quarter in addition to reducing headcount by over 18% since beginning of this calendar year.  Our marketing and R&D investments are being re-allocated to programs with high-return potential in order to drive sales," added Mike Lee, CFO. "Our gross margins in the quarter came in below our expectations due to under-utilization of our large-scale infrastructure. We've already proven we can deliver 40%-plus gross margin and are confident that we can return to that level as we work toward higher capacity utilization across our facilities as demand for our cannabis products continue to grow. In the meantime, we are focused on further optimizing our operating footprint through a full end-to-end strategy that looks at people, process, technology, and infrastructure that we believe will lead to best in class margins over time."

 

Khiron Life Sciences Corp. (TSXV: KHRN) (OTCQX: KHRNF) announced that it has signed a distribution deal for its KuidaTM CBD cosmeceutical brand with DNO Group, a leading distributor for the Asia Pacific market. Kuida skin and body care products will be distributed by DNO Group through their network of retail and online channels in Hong Kong, with first orders anticipated in Q4 2020. Distribution is conditional on TSXV approval.

 

"With this distribution deal we establish a significant footprint in Hong Kong for our Kuida brand and gain access to the Asian Pacific beauty and skincare market, the world's largest region for skincare products. DNO Group have a large distribution network of over 50,000 points of sales in the region, including prominent pharmacy, beauty retail and online channels that we know from experience in other jurisdictions are where our customers are choosing to purchase Kuida products. Importantly, DNO Group brings valuable insight into the Asian consumer profile, further supporting the impact of the brand roll-out in Hong Kong," comments Alvaro Torres, Khiron CEO and Director.

 

Hong Kong is a market that serves both the local population of 7.2 million and serves as an import hub for mainland China. The Hong Kong personal care and cosmetics market is experiencing robust growth with estimated revenue of US$2.7 billion achieved in 2018 and continues to expand with many beauty and personal care items considered daily necessities, as rising health awareness and image-consciousness drives demand.

 

Seven Kuida SKU's will be distributed into the Hong Kong market, with first orders anticipated in Q4 2020. This continues the Khiron strategy to target specific, high-value global CBD skincare market opportunities. Kuida is now available at over 350 points of sale in Colombia, as well as the UK and recently announced entry to Spain. Khiron was recently recognized by Technavio Research as one of the top global players in the CBD cosmetics market, alongside L'Oreal SA and The Estée Lauder Companies. Technavio is a leading global technology research and advisory company focused on emerging market trends.

 

"Kuida CBD based skincare products are well suited for consumers in Hong Kong, as well as for our portfolio and distribution capabilities. Furthermore, the efficacy of the products themselves is impressive. We expect a highly positive sales development for Kuida in Hong Kong going forward," said DNO Group's Managing Director, Ofri Shaysh.

 

The Supreme Cannabis Company, Inc. (TSX: FIRE) (OTCQX: SPRWF) today announced the launch of Hiway, a new brand dedicated to providing frequent cannabis consumers with affordable products that do not compromise on quality.

 

"While we continue to see a strong market for our premium 7ACRES products, we are also seeing a tremendous consumer response to more affordable cannabis offerings; in July, dried flower products priced under $6 per gram accounted for approximately 40% of flower sales in Ontario," said Beena Goldenberg, President and CEO of Supreme Cannabis. "With Hiway, we aim to exceed consumer expectations for value products by delivering a quality product at an affordable price. Hiway benefits from our strong reputation and leading practices for growing and processing high-quality cannabis products. With the launch of this value-oriented brand, we are leveraging our competencies, capacity and efficiencies to build market share and create an exceptional experience for more cannabis consumers."

 

Hiway enters the Canadian cannabis market with Hiway Hash, a 2g solventless concentrate made by compressing dry sift kief from trichome dense, whole plant hang dried cannabis. The result is a picturesque brick of blonde hash that is divided into 2g pieces and packaged with care. This high-value hash boasts aromatic notes of sour citrus, diesel and spice as well as robust lemon and pepper flavours. Hiway Hash will initially launch in Alberta, British Columbia and Ontario and will quickly be available in more provinces.

 

Supreme Cannabis expects to expand Hiway's product portfolio to include large format flower, additional concentrate products, extracts and vapes. Supreme Cannabis will be promoting Hiway and its new offerings across Canada through its innovative sales partnership with Humble & Fume Inc., one of the industries premiere sales agencies.

 

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.

 

Learn more about our cannabis podcasts at https://www.investorideas.com/Audio/Potcasts.asp

Or www.potcasts.ca

 

Hear Investor ideas cannabis potcast on iTunes  

 

Hear the investor ideas potcast on Spotify

To hear more Investorideas.com podcasts visit: https://www.investorideas.com/Audio/.

Investorideas.com podcasts are also available on iTunes,  Spotify, Google Play Music, Stitcher, Spreaker,   YouTube via Spreaker,  iHeartradio and Tunein.

 

Potcasts is now a certified word mark Trademark on the blockchain through Cognate, Inc. CM Certification-Registration Number: 10468217708

 

About Investorideas.com - News that Inspires Big Investing Ideas

Investorideas.com is a recognized news source publishing third party news, research and original financial content. Learn about investing in stocks and sector trends with our news alerts, articles, podcasts and videos, looking at cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy and more. Investor Idea’s original branded content includes the following podcasts and columns : Crypto Corner , Play by Play sports and stock news column, Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast and column,  Cleantech and Climate Change , Exploring Mining  the AI Eye .

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.

 

Learn more about sponsoring this podcast or be a guest and our other branded content opportunities at Investorideas.com

 

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

Download our Mobile App for iPhone and Android 

Join our Investor Club https://www.investorideas.com/membership/

 

Contact Investorideas.com

800 665 0411

 

 

  Get more Cannabis Stock Investor Ideas – news, articles, podcasts and stock directory

 

Friday, 7 August 2020

Investor Ideas #Potcasts, #Cannabis News and #Stocks on the Move; Episode 452 (NASDAQ: $APHA) (NASDAQ: $CRON) (NASDAQ: $GWPH) (NASDAQ: $CGC) (TSX: $RIV.TO) (NASDAQ: $TLRY)

Investor Ideas #Potcasts, #Cannabis News and #Stocks on the Move; Episode 452 (NASDAQ: $APHA) (NASDAQ: $CRON) (NASDAQ: $GWPH) (NASDAQ: $CGC) (TSX: $RIV.TO) (NASDAQ: $TLRY)

 

Delta, Kelowna, BC, August 7, 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:

https://www.investorideas.com/Audio/Podcasts/2020/080720-StocksToWatch.mp3

 

Read this in full at http://www.investorideas.com/news/2020/cannabis-potcasts/08071APHA-CRON-GWPH-CGC-RIV-TLRY.asp

 

Hear the investor ideas potcast on Spotify

 

Hear Investor ideas cannabis potcast on iTunes  

 

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 last week’s, this week’s and the upcoming week’s public company financial reports, how the market reacted as well a few public company announcements.

 

Last Week’s Reports:

 

From last week’s financial reports one of the larger LP names was  Aphria Inc. (TSX: APHA) (NASDAQ: APHA), a leading global cannabis company, who reported its financial results for the fourth quarter and fiscal year ended May 31, 2020 on July 29th.

 

The market reacted with a strong rise on July 28th with the stock price reaching $6 then dropping down below $5 the day the financial results were released.

 

"At Aphria, we are setting ourselves apart from the rest of the cannabis industry," said Irwin D. Simon, Chairman and Chief Executive Officer. "We have generated some of the strongest sales growth, we have one of the strongest balance sheets and cash positions, compelling consumer brands and a well-diversified global business. We are grateful for the dedication of our employees for whom our commitment to protect their safety is unwavering and remains a founding principle of our company. Our strong finish to fiscal year 2020 demonstrates that this was a transformative year for Aphria, as our net revenue increased 129% from fiscal year 2019. We continue to focus on capturing strong market share in Canada by executing upon our strategic plan and positioning Aphria as a leader in category innovation. With exciting new product categories and line extensions launching in the very near future, we believe our award-winning adult-use portfolio remains unmatched in the industry. By building on this foundation, we remain focused on the highest return opportunities for growth and long-term value creation."

 

Looking more at the ancillary cannabis market, The Scotts Miracle-Gro Company (NYSE SMG), one of the world’s largest marketers of branded consumer lawn and garden products, released its third quarter financial results on Wednesday, July 29, 2020, beating many analyst predictions which gave the stock price a big run, rising nearly $12 the day earnings were released.

 

This Week’s Reports:

 

Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON), announced its 2020 second quarter business results on August 6th this week. Similar to Aphria the stock had a long run leading up to the financial reports then dropped over a $1 the day of earnings.

 

“In the second quarter of 2020, we continued our progress despite unprecedented shifts in our industry and the global economy. We officially entered the Israeli medical cannabis market, with Cronos Israel commencing the sale of PEACE NATURALS™ branded dried flower products to medical patients. During these extraordinary times, it is very encouraging to see that we are making progress against our strategy across our global footprint," said Mike Gorenstein, CEO of Cronos Group.

 

"While following safety guidelines, our employees are finding new and creative ways to keep our production, manufacturing, and R&D facilities operating, and we are bringing new products and brands to markets across the globe. Cronos Group was founded on the mission to improve people’s lives by unlocking the full potential of cannabis and our Company is very proud to be at the forefront of providing safe access and high-quality products to patients and consumers around the world.”

 

GW Pharmaceuticals plc (NASDAQ: GWPH), a world leader in the science, development, and commercialization of cannabinoid prescription medicines,also announced their financial results and operating progress for the second quarter ended June 30, 2020 on August 6th of this week. GW, like Aphria and Cronos also took a nearly $15 plunge after the release of their financial results, even after beating most estimates.

 

“We were pleased with the strength of U.S. Epidiolex sales in the second quarter in spite of the COVID-19 pandemic.  Further, the recent approval and imminent launch of Epidiolex for the treatment of seizures associated with TSC provides a meaningful new opportunity to accelerate momentum through the second half of 2020 and beyond,” stated Justin Gover, GW’s CEO. “We also continue to be excited about the potential of our product pipeline, in particular nabiximols, for which we recently outlined our accelerated US development strategy in the treatment of spasticity in patients with MS and other conditions. We look forward to commencing the nabiximols Phase 3 program as well as multiple other pipeline clinical trials in the second half of the year.”

 

Upcoming Reports:

 

Canopy Growth Corporation (TSX: WEED) (NYSE: CGC) will release its financial results for the first quarter fiscal 2021 ended June 30, 2020 before financial markets open on August 10, 2020.

 

Following the release of its first quarter fiscal 2021 financial results, Canopy Growth will host an audio webcast with David Klein, CEO and Mike Lee, EVP & CFO at 10:00 AM Eastern Time on August 10, 2020.

 

Acreage Holdings, Inc. (CSE: ACRG.U) (OTCQX: ACRGF) announced that it will release its second Quarter 2020 earnings on August 11th after the markets close.  Additionally, Acreage will host a conference call on August 12, 2020 at 8:30 a.m. EDT to discuss the results in detail.

 

Canopy Rivers Inc. (TSX: RIV) (OTC: CNPOF) announced that it will report its first quarter fiscal year 2021 financial results before markets open on August 14, 2020. The Company's unaudited condensed interim consolidated financial statements and management's discussion and analysis of financial results for the three months ended June 30, 2020 will be available on 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.

 

Following the release of its first quarter fiscal year 2021 financial results, Canopy Rivers will host a conference call and audio webcast with Narbe Alexandrian, President and CEO, and Eddie Lucarelli, CFO, at 9 AM Eastern Time on August 14, 2020.

 

Tilray Inc. (NASDAQ: TLRY), a global pioneer in cannabis production, research, cultivation and distribution, announced that it will report results for the second quarter ended June 30, 2020 on Monday, August 10, 2020 after market close.

The Company will host a conference call to discuss these results at 5:00 p.m. ET. Investors interested in participating in the live call can dial 877-407-0792 from the U.S. and 201-689-8263 internationally.

 

There will also be a simultaneous, live webcast available on the Investors section of the Company’s website at www.tilray.com. The webcast will be archived after the call concludes.

 

 

Village Farms International, Inc. (NASDAQ: VFF) (TSX: VFF) announced that it will host a conference call to discuss its second quarter 2020 financial results on Thursday, August 13, 2020 at 8:30 a.m. ET. Participants can access the conference call by telephone by dialing (647) 427-7450 or (888) 231-8191, or via the Internet at: https://bit.ly/3i7Dvpu.

 

The Company expects to report its second quarter 2020 financial results via news release on Wednesday, August 12, 2020 at approximately 5:00 p.m. ET.

 

The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTC: TGODF), a leading producer of premium certified organic cannabis, will release its first quarter financial results following the market close on the evening of Wednesday, August 12, 2020. 

 

The Company will hold a conference call with analysts on Thursday, August 13, 2020, beginning at 9:00 a.m. (ET). An audiocast of the conference call will be available on a listen-only basis at:

https://produceredition.webcasts.com/starthere.jsp?ei=1353524&tp_key=d196775e24.

Scheduled speakers are Brian Athaide, Chief Executive Officer, and Sean Bovingdon, Chief Financial Officer, followed by a question and answer period with analysts.

 

 

 

Sundial Growers (NASDAQ: SNDL) announced that it will release its second quarter financial results ended June 30, 2020 after market close on August 13, 2020.

Following the release of its second quarter financial results, Sundial will host a conference call and webcast at 10:30 a.m. EDT (8:30 a.m. MDT) on August 14, 2020.

 

Harvest Health & Recreation Inc. (CSE: HARV) (OTCQX: HRVSF), a vertically integrated cannabis company and multi-state operator in the U.S., announced that it will hold a conference call on Tuesday, August 11, 2020 at 5:00 PM Eastern Time following the release of its second quarter 2020 financial results.  

Participating on the call to review Harvest Health & Recreation's Second Quarter 2020 financial and operating results will be Steve White, Chief Executive Officer and Deborah Keeley, Chief Financial Officer.

 

Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF), a leading and top-performing cannabis company in the United States, will release its second quarter 2020 financial results on Wednesday, August 12th, 2020, before markets open. Following the earnings release, management will host a conference call at 8:30 AM Eastern Time to review the financial results.

All interested parties can join the conference call by dialing 1-888-231-8191 or 1-647-427-7450, conference ID: 4364705. Please dial in 15 minutes prior to the call to secure a line. The conference call will be archived for replay until August 19, 2020. To access the archived conference call, please dial 1-855-859-2056 and enter the encore code 4364705.

Rapid Dose Therapeutics Corp. (CSE: DOSE) announced that due to circumstances created by the COVID-19 pandemic, the Ontario Securities Commission and other members of the Canadian Securities Administrators granted “Issuers” in the Canadian securities industry up to an additional 45 days, to complete quarterly statutory filings. The Company was unable to file its unaudited financial statements and management discussion and analysis for the first quarter ended May 31, 2020 by its usual deadline of July 30, 2020 and will be relying on the Extension.

 

Accordingly, as required by the conditions of the Extension, the Company’s management and other insiders will be subject to a trading black-out that reflects the principles in Section 9 of National Policy 11-207 until its financial statements are filed, which will be by September 13, 2020.

 

As announced in a news release issued on June 26, 2020, the Company is relying on the Extension in respect of a late filing of its annual audited financial statements for the period ended February 29, 2020 and related management discussion and analysis (the “Annual Filings”).  The Company is continuing to work diligently to prepare and file its Annual Filings in accordance with the Extension by August 12, 2020.

 

Other than as previously disclosed by the Company in news releases, including the information herein, there are no other material business developments since the date of the Company’s most recent filing of its interim financial statements and management discussion and analysis for its Q3 ended November 30, 2019. The Company will be providing an update news release on the status of filing its first quarter filings by August 29, 2020.

 

 

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.

 

Learn more about our cannabis podcasts at https://www.investorideas.com/Audio/Potcasts.asp

Or www.potcasts.ca

 

Hear Investor ideas cannabis potcast on iTunes  

 

Hear the investor ideas potcast on Spotify

To hear more Investorideas.com podcasts visit: https://www.investorideas.com/Audio/.

Investorideas.com podcasts are also available on iTunes,  Spotify, Google Play Music, Stitcher, Spreaker,   YouTube via Spreaker,  iHeartradio and Tunein.

 

Potcasts is now a certified word mark Trademark on the blockchain through Cognate, Inc. CM Certification-Registration Number: 10468217708

 

About Investorideas.com - News that Inspires Big Investing Ideas

Investorideas.com is a recognized news source publishing third party news, research and original financial content. Learn about investing in stocks and sector trends with our news alerts, articles, podcasts and videos, looking at cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy and more. Investor Idea’s original branded content includes the following podcasts and columns : Crypto Corner , Play by Play sports and stock news column, Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast and column,  Cleantech and Climate Change , Exploring Mining  the AI Eye .

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.

 

Learn more about sponsoring this podcast or be a guest and our other branded content opportunities at Investorideas.com

 

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

Download our Mobile App for iPhone and Android 

Join our Investor Club https://www.investorideas.com/membership/

 

Contact Investorideas.com

800 665 0411

 

 

  


Get more Cannabis Stock Investor Ideas – news, articles, podcasts and stock directory

 

Public Support for Legalization Remains Strong, Despite Narrow Shortcomings in Challenging State Elections

Public Support for Legalization Remains Strong, Despite Narrow Shortcomings in Challenging State Elections : Public Support for Legalization...