Investor Ideas #Potcasts
522, #Cannabis News and #Stocks on the Move (TSX: $VLNS.TO) (CSE: $HOLL.C)
(CSE: $HARV.C) (CSE: $CURA.C)
Delta, Kelowna, BC, January 25, 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/2021/012521-StocksToWatch.mp3
Read this in full
at https://www.investorideas.com/news/2021/cannabis-potcasts/01251VLNS-HOLL-HARV-CURA.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 will be looking at a few public company announcements.
The
Valens Company Inc. (TSX: VLNS) (OTCQX: VLNCF) announced that it has entered into a
definitive agreement to acquire all of the issued and outstanding shares of LYF Food Technologies Inc. in a cash
and share transaction for closing consideration of CDN$24.9 million, plus up to
an additional CDN$17.5 million in consideration payable upon the business
achieving certain earn-out EBITDA milestones. The LYF Acquisition is expected
to be accretive to the Company's EBITDA and diluted EPS in 2021, and if all of
the Milestones are met, the transaction represents an approximate ~4.2x
multiple on the last milestone achieved. With the LYF Acquisition, The Valens
Company not only strengthens its already wide-reaching production capabilities
for the 2.0 and 3.0 markets, but also unlocks significant growth potential with
the addition of a cutting-edge platform designed to capitalize on one of the
fastest growing product segments in the cannabis industry.
LYF is a premier edibles manufacturer
based in Kelowna, British Columbia with expertise in novel product creation,
white label manufacturing and infusion technologies. Similar to Valens, LYF
operates a product development and manufacturing platform focused on
consumer-driven innovation, and product safety and consistency. LYF brings a
proven team with significant experience producing high throughput food
products, in addition to experience operating and working with major Canadian
grocery chains, health and wellness retailers, and pharmacies. Just minutes
away from Valens' headquarters, LYF's purpose-built manufacturing facility
produces innovative edible products using the highest quality ingredients and
cannabis extracts, offered in proprietary delivery methods.
Valens' access to low-cost active
ingredients paired with LYF's industry-recognized product IP formulations of
over 100 recipes strengthens its capabilities to produce higher-margin,
new-to-market edible formats in a segment with limited product variability, and
increased consumer demand. With the added infrastructure and expertise from the
LYF Acquisition, The Valens Company significantly expands its edibles footprint
and strategy to remain a best-in-class manufacturing platform for its partners,
while also increasing its ability to capture market share in the rapidly
growing product category. Similar to consumer trends in the US cannabis market,
edible products are anticipated to represent over 10% of sales in the maturing
Canadian cannabis market.
Tyler Robson, Chief Executive
Officer and Chair of the Board of The Valens Company, said, "LYF has set
the standard of what high quality edibles should be and has developed a diverse
and flexible manufacturing platform to play a dominant role in the Canadian
edibles market. LYF stood out for its product innovation and marketing teams,
as well as its broad range of edible products which will introduce new formats
to Canadian consumers that are typically only available in more mature markets.
We look forward to further developing our product offering to reach more
consumers with high-quality and unique cannabis edibles as this product segment
continues to gain in popularity."
"Our team could not be more
thrilled to join forces with The Valens Company and collectively fuel our
shared passion for producing exceptional cannabis products with consumers top
of mind," said Paolo Pero and Matthew Amado, Founders of LYF. "As a
fellow Kelowna-based company, Valens' vision for global growth resonated with
the team and ultimately led us to recognize the significant value in combining
what we have each uniquely created to bring a new level of manufacturing
excellence to Canada and beyond."
Hollister
Biosciences Inc. (CSE: HOLL) (OTC: HSTRF), diversified cannabis branding
company with products in over 98 dispensaries throughout Arizona, commended the state of Arizona for its
efficient activation of adult-use cannabis sales. Legal sales of adult use
cannabis in Arizona commenced mid-day on Friday January 22nd, 2021, several
months ahead of industry expectations, and the fastest that any of the 15 states
with recreational marijuana has gone from voter approval to actual sales.
The company's wholly owned
subsidiary, Venom Extracts product suite is a category leader with over 4
million grams sold in 2020, accounting for up to 30 percent of category sales
state-wide. Venom is positioned for continued growth in Arizona, it has a
strong brand recognition and distribution network, its products are available
at leading retailers including Harvest
Health and Recreation (CSE: HARV) (OTCQX: HRVSF), Curaleaf (CSE: CURA) (OTCQX: CURLF), Bloom, MuV and Oasis Cannabis
dispensaries among others.
Arizona voted to legalize adult use
cannabis in November, "Marijuana Business Daily projects that the state's
recreational market could generate up to $400 million in revenue its first year
and more than $700 million by 2024".
"Medical-marijuana dispensaries
that got approved to sell recreational marijuana on Friday include 13 of the 15
Harvest shops in the state, all eight Curaleaf shops, The Mint locations in
Guadalupe and Mesa, three Territory Dispensary locations, and dozens of others
in places across the state, including in Tucson, Yuma, Flagstaff, Cottonwood
and Sedona. Arizona Department of Health Services spokesman Steve Elliott said
Friday that the department had approved 86 applications. Some dispensaries in
the state are still waiting to file their applications because they are not yet
prepared to offer recreational sales, which are expected to bring substantially
more traffic to their stores". As reported by AZ Central on January 22nd,
2021.
In 2020, sales of medical cannabis
in Arizona grew by greater than 27%, as such Venom has been a catalyst for
revenue growth of the Company. On March 26th, 2020 (see press release dated
March 30th, 2020), Hollister Biosciences acquired Venom Extracts and since the
closing, in the three quarters following, Venom contributed approximately
CDN$38 million to the company's 2020 revenue.
In the entire year of 2020, Venom Extracts generated greater than CDN$
40 million in revenue (and CDN$4.8 million in adjusted EBITDA), up from
CDN$16.4 million in 2019 a 144% year over year increase, and ending the year
with a record month of sales for December totaling approximately CDN$5.5
million. These unaudited numbers represent record sales for the company, and
the expectation is that sales growth will continue in 2021.
In addition to continued revenue
growth, the company plans to focus on core growth area's including; enhancing;
unit margins, market penetration, loyalty and same-store sales.
Some additional highlights of the
company include:
● Branded
Products now on sale in over 370 cannabis dispensaries in Arizona and
California
● 4 owned
brands, and 3 brand collaborations
● Over 4
million grams sold
● Over
96,000 lbs. of cannabis biomass converted into finished products in Arizona
● Total
sales for 2020 increased 3233% from 2019 and are estimated to be approximately
CDN $40 million
● December
2020 sales totaled greater than CDN$6 million
The Company looks forward to
continuing execution of its business plan and growth targets in 2021, primarily
focused on the exponential growth anticipated in and continued market
penetration of branded products throughout California.
Global
Trac Solutions, Inc. (OTC: PSYC), a digital media leader within the
emerging sector of medicinal psychedelics, announced that the Company has entered into a
Joint Venture Partnership with Minerco,
Inc. (OTC: MINE), a Jamaican-based company
specializing in growing, research, production and distribution of psilocybin
mushrooms and marketing worldwide.
The JV creates an opportunity for
the companies to collaborate on the co-development and hosting of virtual
conferences and forums focused on educating, informing, and showcasing the
potential medicinal benefits of psilocybin mushrooms, including the
psilocybin-based products MINE is developing. Additionally, the JV allows for
PSYC to serve as one of the primary digital marketing partners for MINE as they
move forward with their focus of bringing their products to market.
“We are extremely delighted to
partner with MINE, a company that is deeply-rooted in the sector of psilocybin
mushrooms,” said Global Trac Solutions, Inc. CEO, David Flores. “And we’re
thrilled to be able to combine our collective resources to develop and produce
virtual conferences and forums in the coming months that we believe will
effectively highlight this exciting sector within the psychedelic industry.”
“To JV with PSYC will be a great
opportunity for both companies,” said Julius Jenge, Minerco, Inc. CEO. “MINE
will have the ability to do real case studies using our own product and PSYC
will be able to track the research with their media platform. This initiative
will allow us to host forums with both industry experts and patients who will
give real examples of the benefits of Psilocybin and more specifically MINE
products.”
The companies intend to be able to
collectively develop and produce their first joint virtual conference/forum
within the next two months and will release more information to the public
related to specific dates and times as soon as it is available.
“As our industry continues to gain
more exposure and develop more momentum behind it, I believe we will continue
to see an increase, globally, for platforms, such as Psychedelic Spotlight, that provide access to a wealth of
informational and educational resources focused on this paradigm shift in
healing and treatment that psychedelics like psilocybin are creating,” Flores
said. “As MINE continues its focus on developing quality psilocybin-based
products, we here at PSYC look forward to leveraging our expanding media
platform and network to contribute to their growth and success in the months to
come.”
CannabizTeam, the
world's largest cannabis-focused executive search and staffing firm, has launched a new service line for cannabis
companies: CT Board Placement. CT Board Placement assists cannabis industry
clients in identifying and recruiting candidates for Board of Director
positions who have a diverse blend of skills and experience that match the
strategic direction of each client.
"Appointing the right
non-executive directors is a critically important decision for all cannabis
companies in today's competitive marketplace," said Liesl Bernard, CEO of
CannabizTeam. "Recruiting directors in the cannabis space is a more
complex process due to the relative youth of the industry and the lingering
legacy legal nuances. Our goal with CT Board Placement is to help our clients
find a diverse blend of candidates with relevant experience, strong character
and reputation, proven judgment and leadership skills that will set them up for
future success."
Board of Director diversity reflects
one of the core values of CT Board Placement, which is especially relevant as
the cannabis industry has continued to lead corporate America in social equity
and corporate social responsibility programs. CannabizTeam is committed to
promoting fairness, justice and equity in the cannabis industry, and will work
to fill Board of Director positions with individuals of all genders, religions
and races.
CT Board Placement will also offer a
Cannabis Director Development Program to help first-time directors learn the
culture and nuances of the company they will serve as well as the broader
cannabis industry. The Cannabis Director Development Program includes a
detailed curriculum exploring the most relevant governance issues in North
America, with a special focus on issues facing boards in the U.S., Canadian and
Mexican cannabis markets.
CT Board Placement is a division of
CannabizTeam Worldwide, which also operates CT Executive Search, CannabizTeam
Direct Hire and CannabizTemp. Through its four staffing divisions, CannabizTeam
fills more than 1,000 cannabis positions each year in all verticals of the
industry across the globe. CannabizTeam's proprietary database includes more
than 100,000 successful executives with experience in and beyond the cannabis
industry – an excellent resource for cannabis companies searching to fill Board
of Director positions.
To learn more about CT Board
Placement, visit: https://cannabizteam.com/cannabis-board-of-directors-recruitment/.
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
Investors can trade these stocks and other ideas on our site using our list of top stock trading
apps including Robinhood , Acorn, Stash and others.
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.
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
