Investor Ideas #Potcasts 528, #Cannabis News and #Stocks on the Move; (TSX: $WEED.TO) (NASDAQ: $CGC) (OTC: $OWPC) (TSX: $TGOD.TO) (OTC: $TGODF) (NASDAQ: $CLVR)
Delta, Kelowna, BC, February 9, 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/2021/020921-StocksToWatch.mp3
Read this in full at https://www.investorideas.com/news/2021/cannabis-potcasts/02091WEED-CGC-OWPC-TGOD-CLVR.asp
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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 will be looking at a few public and private company
announcements.
One
World Pharma Inc. (OTC:
OWPC), a U.S. based, fully licensed, pure-play hemp and
cannabis ingredient producer in Colombia, announced an
agreement with ISIAH International, LLC,
the holding company of its CEO, Isiah Thomas, to invest $3 million into One
World Pharma, Inc.
The $3 million investment will fund
the expansion of farm operations, additional certifications for THC seeds
already approved by the government of Colombia, Global GAP (Good Agricultural
Practices) certification and the build-out of a GMP certified state-of-the-art
THC/CBD extraction facility. The investment will be made in installments over
six months, with the first tranche of $250,000 having already been funded. The farm expansion through this funding is
expected to allow One World Pharma to significantly increase revenue in the
second quarter of 2021 through the increased sale of seeds, newly approved
cuttings, and extracted oil.
Isiah Thomas makes this substantial
financial commitment through ISIAH International based on his belief in the
bright future of the global cannabis market, which leading research firms
assert will reach $47 billion in annual sales by 2025. ISIAH International is a holding company with
interests in a diversified portfolio of companies. Wholly owned by Chief
Executive Officer Isiah Thomas, ISIAH International invests in companies with
strong market positions and growth potential.
“We could not be more thrilled. When
Isiah Thomas assumed the role of CEO he lent us his good name and his
world-renowned leadership and business acumen. Today, he provides the funding
for the Company to truly execute on its plan to become a leading international
supplier of the finest cannabis ingredients,” stated Dr. Kenneth Perego, OWP’s
Executive Chairman.
Isiah Thomas, on behalf of ISIAH
International, stated, “After extensive analysis of Colombia, the world market
and these most recent developments at the Company, I passionately believe there
is a tremendous opportunity to build a world class, valuable, environmentally
and socially conscious company that is a significant player in the global
cannabis and industrial hemp industries. There are few, if any, reliable,
industrial scale, global supply chain companies in this space and we intend to
be one. I am pleased to initiate this
next chapter of growth.”
Canopy
Growth Corporation (TSX:
WEED) (NASDAQ:
CGC)
today
announced its financial results for the third quarter fiscal
2021 ended December 31, 2020. All financial information in this press release
is reported in millions of Canadian dollars, unless otherwise indicated.
“We delivered another quarter of
record net revenue, with growth across all our businesses, led by improved
commercial and supply chain execution," said David Klein, CEO. "We
are building a track record of winning in our core markets, while also
accelerating our U.S. growth strategy with the momentum building behind the
promising cannabis reform in the U.S."
"We are executing against our
cost savings program, with several initiatives already completed and more
underway to build a leaner and more agile business," added Mike Lee, CFO.
"These cost savings, along with our top-line growth and continued cost
discipline, puts Canopy firmly on a path to achieve profitability during Fiscal
2022, with further improvement anticipated beyond."
Medium-Term
Financial Milestones
With their new strategy in place,
their organizational changes complete, and their operational cost savings
program now underway, the Company is in position to establish the following
medium-term financial targets:
● Net
revenue CAGR of 40%-50% from FY 2022 to FY 2024;
● Positive
Adjusted EBITDA during the second half of FY 2022 and 20% Adjusted EBITDA
margin for the full year FY 2024; and
● Positive
operating cash flow for the full year FY 2023 and positive free cash flow for
the full year FY 2024.
The
Green Organic Dutchman Holdings Ltd. (TSX:
TGOD) (OTC:
TGODF), a leading producer of premium certified organically
grown cannabis, today
announced preliminary unaudited revenue for fourth quarter 2020
and provided an update to the previously provided twelve-month Canadian revenue
forecast for the period November 1, 2020 to October 31, 2021, as disclosed in
the shelf prospectus dated November 27, 2020 (the "Prospectus
Forecast").
Preliminary and unaudited
consolidated gross revenue for the fourth quarter 2020 is expected to be
approximately $10.9 million, reflecting growth of 235% over the prior year, and
an increase of 91% over the third quarter of 2020. This reflects the significant progress and
growth achieved in Canadian operations and sales, which accounted for $8.6
million of the fourth quarter 2020 gross revenue total.
"Our increase in revenue
reflects the collective efforts of the TGOD team, resulting in improvements in
the quality of our flower which is being well received by the market,"
said Sean Bovingdon, CFO and Interim CEO of TGOD. "We are also encouraged
by the traction we are gaining with our Highly Dutch flower and hash, and look
to continue expanding distribution of these along with new premium flower
strains and 2.0 product offerings, though we are monitoring the effects that
the COVID crisis is having on this progress."
While the revenues achieved for the
fourth quarter were encouraging, the Company continues to assess the economic
climate post year-end, specifically with many provincial governments imposing
lockdowns and stay-at-home orders due to COVID-19, and some revising listing
mandates. The Company believes these measures will hamper the rate of revenue
growth in Canada that was expected in the first half of 2021 and impact the timing
of market entry for its new sativa strains and some 2.0 products. Without these conditions, TGOD would expect
to be able to meet the Prospectus Forecast, however TGOD now notes an increased
risk in achieving the Prospectus Forecast of $61.5 million net sales for the
period November 1, 2020 to October 31, 2021.
As such, it expects revenue to grow at a slower rate with the revised
Canadian net revenue forecast for that period being in a range of $40 million
to $45 million. The Company expects that
due to these changing conditions, it will not meet its previous expectation of
achieving positive monthly Canadian operating cashflow by the end of Q1
2021. Consequently, TGOD is proactively
managing costs to correlate with sales activity levels and still expects to
achieve positive monthly Canadian operating cashflow later in 2021.
Clever
Leaves Holdings Inc. (NASDAQ:
CLVR), a leading multi-national operator and licensed
producer of pharmaceutical-grade cannabinoids, announced
today its branded nutraceutical manufacturer, Herbal Brands,
has entered into a strategic partnership with the LooperGroup and TruSource
Hemp Group (“TruSource”), a leading provider of services for the hemp industry,
to import the Company’s first commercial shipment of CBD into the United
States. Clever Leaves´ Colombian facilities are the first and only cannabis
operations in LATAM to have a Good Manufacturing Practices certification from
the European Union (EU-GMP).
"This partnership will
capitalize on both Clever Leaves’ and TruSource’s combined expertise within the
hemp industry, resulting in significant access to high quality grade CBD
products for the U.S. marketplace,” said Kyle Detwiler, CEO of Clever Leaves.
The CBD industry is estimated to reach $20 billion by 20241, and the
Company expects this U.S.-based strategic partnership to unlock opportunities
to provide high quality, cost-effective raw materials for the U.S. market.”
“TruSource offers Clever Leaves the
deployment expertise for an important new market, enabling our company to
import its first commercial shipment of CBD into the U.S.” he added.
“The partnership between Clever
Leaves, TruSource, and the LooperGroup is a powerful alliance. Clever Leaves’ expertise
in large-scale cultivation, evolving formulations, and industry innovation will
provide U.S. hemp commercial customers with access to an unprecedented,
vertically integrated supply of CBD isolate, extracts and finished solutions,”
said D. Williams, TruSource Hemp Group’s President & CEO.
Andrés Fajardo, President of Clever
Leaves, said, “Our efforts are aimed toward manufacturing products of the
highest quality. To that end, we operate under rigorous international
pharmaceutical-grade quality standards. Thus far, our products have been widely
accepted in more than 15 different countries across five continents.”
He added, “This partnership enables
our Herbal Brands business, which currently has access to more than 10,000
retail distribution points in the U.S., to manage every aspect of our CBD
topical product development from 'seed to consumer' and allows us to provide
the highest quality CBD products to the U.S. market."
This first shipment successfully
cleared customs in the United States in Q1 of 2021.
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