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Delta, Kelowna, BC –October 18, 2019 (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 edition of Investorideas.com potcastsCM -
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/2019/cannabis-potcasts/10181AVCN-TGOD-WEED-CGC-HITI-META-ISH.asp
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 today’s early announcements as well as the Canadian
retail market one year after federal legalization.
Avicanna Inc. (TSX: AVCN) (OTCQX: AVCNF) announced that Santa Marta Golden Hemp S.A.S.
("SMGH"), a majority owned
subsidiary of the Company, has obtained a United States Department of
Agriculture National Organic Program certification from Control Union
Certifications, for its hemp cultivar, and has obtained registration for an
additional 15 genetic strains of cannabis.
Receipt
of a NOP certification from the USDA for the cultivation of hemp
(non-psychoactive cannabis) makes SMGH the first producer to receive this
certification in Colombia. As a result, SMGH's organic cultivation practices
are now validated by the USDA, which positions the Company to provide certified
organic hemp derivatives for use in supplements and food products produced or
shipped to the United States. The USDA protects consumers by allowing certified
growers to use the USDA organic logo on products that are grown without the use
of synthetic fertilizers, pesticides or herbicides. Any products intended for
medical purposes coming from this organic cultivated hemp are outside of the
scope of this certificate and cannot be commercialized as "organic".
Aras
Azadian, the Company's Chief Executive Officer, stated, "Receiving the
USDA NOP certification marks a significant milestone in our commitment to help
set the highest quality standards in organic and sustainable cannabis
cultivation, as we take another step forward towards becoming a global leader
in the CBD industry. We expect this achievement to facilitate our growth
strategy, which includes the expansion of both our plant-derived active pharmaceutical
ingredients and bulk CBD formulations, as well as our branded lines of finished
derma-cosmetics and phyto-therapeutic products into the U.S. and European
markets where the USDA certification is a premium differentiator for those
product categories that allow hemp to be certified as organic."
The Green Organic
Dutchman Holdings Ltd. (TSX:TGOD) (OTC:TGODF) unveiled a new strategic plan, including a series
of actions to reduce the Company's financing requirements while maintaining its
path to profitability. These actions
will result in increased agility, lower capital requirements and an optimal
production capacity to serve the organic segment.
"These
actions are logical next steps in TGOD's road to profitability. While we are committed to – and our strategy
continues to leverage – our unparalleled scale as an organic producer as well
as our international assets, we have identified areas where our scale would not
provide for meaningful returns in the near term given the slower pace of legal
market conversion. We will optimize our
operating efficiency by deferring excess capacity and expenses, whether they center
on production facilities, international expansion projects or technology,"
commented Brian Athaide, CEO of TGOD.
Given
current market conditions, the Company is adopting a new construction and
operating plan to reduce its cash needs, with a prudent production ramp leading
to expected positive operating cash flow in Q2 2020. The Ancaster greenhouse is complete, and the
Ancaster processing facility is approximately five weeks from material
completion. TGOD's large scale project in Valleyfield, Quebec will be
demarcated into smaller phases, with more to be completed once the market
further develops. The combined facilities will enable TGOD to produce 20,000 kg
to 22,000 kg in 2020.
The
Company estimates that it will need approximately $70M to $80M between now and
the end of Q2 2020 to undertake the plan and reach positive operational cash
flow by Q2 2020; it has engaged with an advisor and is currently evaluating a
variety of options to secure the required funding. This plan maintains the optionality to
recommence completion of Valleyfield Phase 1a to full 65,000 kg capacity and
Phase 1b for a further 65,000 kg once there is a clear path to Canadian retail
store expansions and legal revenue growth. Funding is expected to come from
operating cash flow or with lower cost financing given proven production and
revenue from Ancaster and the smaller first phase of Valleyfield.
"With
the current Canadian legal market being smaller than initially anticipated,
mainly due to a slow rollout of retail locations in key provinces, we believe
that our revised plan will allow TGOD to right size its production to capture
the organic segment, while maintaining optionality to quickly accelerate and
expand as more retail locations begin to open," added Athaide.
Right
now there are roughly 500 licensed cannabis providers authorized to sell
cannabis, though few are up and running, compared with the approximately 100
shops that opened on legalization day last year.
Alberta
has been leading the way with more than 300 licensed private cannabis providers
for just 4.37 million people.
Ontario,
with 14.57 million people or 40 per cent of the nation’s population, has just
24 stores, but the government is in the process of increasing that number to
75.
According
to one article, “In July, the latest numbers available,
pot retail sales were $104.4 million, surpassing the $100 million mark for the
first time, with Ontario as the largest contributor with $29.6 million with
just two dozen bricks-and-mortar outlets. British Columbians have bought just
$25 million worth of legal pot since legalization, less than the far smaller
provinces of New Brunswick and Saskatchewan, at $29.3 million and $44.5
million, respectively.”
The
article continued, “For retailers lucky enough to open a store in Ontario, the
slow rollout has been a boon. Alcanna signed a licence agreement with a lottery
winner who opened a store in downtown Toronto. The Queen Street store is
averaging $450,000 in sales a week, more than double its busiest stores in
Edmonton and more than six or seven times the average store, Alcanna’s Burns
said.”
Below
is a look at some of the Canadian retail providers and the number of stores
opened so far.
Canopy Growth
Corporation (TSX: WEED) (NYSE: CGC) launched its 27th retail location and
introduce customers in Brandon, Manitoba to its second location, conveniently
located in Brandon's Corral Centre.
"Retail
presence is a key driver of brand recognition in a competitive market,"
said Rade Kovacevic, President, Canopy Growth. "With twenty-seven
locations already open and many more in the works we are confident we're
establishing a national presence that can pay dividends for years to
come."
The
province of Manitoba has effectively rolled out their retail strategy and has
ensured that the brands Canadians know and trust are easily accessible within
each community. As we have seen, having physical retail locations has proven to
be the most effective way to build brand loyalty by creating reliable
educational hubs, supplied with high-quality, regulated products.
Tokyo
Smoke, Canada's award-winning and design-focused cannabis retailer is now
present across two provinces, while Canopy's second retail banner, Tweed, is
located across four provinces. With 27 retail stores either owned or licensed,
Canopy's retail banners represent the 4th largest cannabis retail
network in Canada.
The
Tokyo Smoke store team looks forward to meeting its neighbours and creating a
hub for adult recreational cannabis education and culture. The company is
committed to building on its retail presence to drive brand awareness and
continue to offer consumers convenient access to quality cannabis products,
while combatting the black market through an effective retail structure.
Fire & Flower
Holdings Corp. (TSX: FAF) announced that its wholly-owned subsidiary, Fire
& Flower Inc. has closed the transaction previously announced on July 22,
2019 to acquire all of the shares of a licensed retail cannabis operator in
Regina, Saskatchewan from Mera Cannabis Corp.
Fire
& Flower's Regina store will re-open today, on Friday, October 18 at 10:00
am local time, and is located at 680 E Victoria Avenue. Fire & Flower
welcomes members of the community and local media to attend the grand opening
of the location on Friday morning.
"We
are very pleased to be opening a Fire & Flower location in the key urban
market or Regina and this store continues to strengthen our position within the
Saskatchewan market," shared Trevor Fencott, Fire & Flower's Chief
Executive Officer. "Saskatchewan continues to be a key market for Fire
& Flower because of our ability to buy directly and efficiently from
licensed producers through our wholesale business, Open Fields Distribution.
This province provides a test market for cannabis products through the HifyreTM
digital cannabis retail and analytics platform."
High Tide Inc. (CSE:HITI) (OTCQB:HITIF)
recently announced that
the KushBar retail store located in Unit #7 at 8807 100th Street in Morinville
received its first delivery of cannabis products from Alberta Gaming, Liquor
and Cannabis and will begin selling recreational cannabis products and
accessories. To celebrate the grand opening of this location, festivities will
take place at the KushBar Store on Saturday, October 19th.
High
Tide currently has 26 branded locations selling recreational cannabis products
across Canada, inclusive of the KushBar Store. "Based on the early success
of the first KushBar store opened in Camrose last month, we are excited to
continue opening more locations across Alberta and bringing this modern retail
experience to new customers," said Raj Grover, President and Chief
Executive Officer of High Tide. "Located just north of Edmonton,
Morinville is a growing community and holds a unique place in the province. We
look forward to being part of the community for the long term," added Mr.
Grover. The Company will soon have 30 branded retail cannabis locations across
Canada, barring any changes to the current rate of licensing by AGLC.
The
development permits for the remaining Canna Cabana and KushBar stores needed to
achieve the AGLC's maximum of 42 are secured and in-hand, with each location
currently under various stages of development and construction. Outside of
Alberta, High Tide currently has a Canna Cabana retail cannabis store in Swift
Current, Saskatchewan, along with 3 branded locations in Hamilton, Sudbury and
Toronto, Ontario.
Inner Spirit
Holdings Ltd. (CSE:ISH), recently announced an October 10, 2019 opening for its newest
franchise retail cannabis store in Southeast Calgary's Penbrooke community and
also that it has received cannabis retail store licences from Alberta Gaming,
Liquor and Cannabis for a franchise location in Sexsmith, Alberta and from the
British Columbia Liquor and Cannabis Regulation Branch for a franchise location
in West Kelowna, British Columbia.
The
Company also announced that its subsidiary, Spirit Leaf Inc., has terminated
two Exclusivity Agreements in Ontario previously announced on August 28, 2019
as the lottery-winning individuals are no longer pursuing licences to operate
retail recreational cannabis stores in the province.
"We
are very pleased to be opening our 35th Spiritleaf operating
location in Calgary's Penbrooke community and adding to our presence in
northern Alberta with Sexsmith and in British Columbia's Okanagan region with
West Kelowna. We remain very interested in making further investments in the
Ontario market and will be relying on AGCO and the Ontario government to
continue on their path to providing certainty for the cannabis industry and
specifically for retailers. Our retail cannabis store in Kingston was one of
Ontario's first outlets to open this year and has enjoyed significant operating
success to this point," said Darren Bondar, President and CEO of Inner
Spirit.
The
Spiritleaf retail cannabis store network includes locations in Alberta, British
Columbia, Saskatchewan and Ontario. Spiritleaf is poised to have 35 retail
cannabis stores open and operating this week with more than 40 projected to be
open by the end of 2019.
Bondar
noted that the Spiritleaf brand has more than 20 franchise partners in Ontario
currently waiting for opportunities to open their retail cannabis stores in the
province to serve customers in their local communities.
National
Access Cannabis Corp. (TSXV: META), Canada's largest publicly traded
cannabis retailerii, recently provided investors with a
corporate and retail sales update.
The Company is successfully executing on its growth strategy and has achieved
over $60 million in retail sales since legalization, with cumulative gross
margin of 32%. The Company is targeting to have 40 operating stores by the end
of calendar 2019.
"NAC is already one of the highest
revenue generators in the Canadian cannabis space and by revenue, is the
largest publicly traded recreational cannabis retailer in the countryii.
In a highly regulated market like Canada , we view owning retail shelf space
and the data gleaned from millions of customer interactions as a pipeline to
accessing customers and developing long-term brands and loyalty," said
Mark Goliger , CEO of NAC. "With one of the largest and most visible
networks of retail storefronts across Canada and a proven track record of
repeat customers, NAC is well-positioned to continue playing a pivotal role in
the growing industry. I am proud of our team for bringing us to over $60
million since federal legalization and for generating positive and growing
Adjusted EBITDA on a retail basis, all while significantly expanding our store
network."
Mr. Goliger added, "As the cannabis
industry continues to evolve, and the introduction of new products is on the
horizon, NAC has a well-defined growth roadmap focused on building shareholder
value. We are focused on building value for shareholders as our team continues
to drive performance from existing stores, introduces enhanced store concepts
and executes on a robust pipeline of new store locations. We believe that
retail is the most strategic segment of the cannabis value chain, as it is the
retailers who are able to interact directly with clients and influence their
purchasing decisions, it is the retailers who have access to data associated
with millions of customer transactions, and it is the retailers who make the
decision as to what products to sell."
The Company's current portfolio of 35
licensed locations is split as follows:
● 25 NewLeaf Cannabis™ stores in Alberta
● 9 Meta Cannabis Supply Co.™ stores in
Manitoba
● 1 Meta Cannabis Supply Co.™ store in
Saskatchewan
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publishing third party news, research and original financial content. Learn
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Investor Ideas adds New #Stocks in Cannabis (CSE: $IPOT.C), Biotech (Nasdaq: $HEPA), eSport (Nasdaq: $AESE), Defense (CSE: $PRT.C) (OTCQB: $PLRTF) and Mining (CSE: $FLO.C)
Investor Ideas adds New #Stocks in Cannabis (CSE: $IPOT.C), Biotech (Nasdaq: $HEPA), eSport (Nasdaq: $AESE), Defense (CSE: $PRT.C) (OTCQB: $PLRTF) and Mining (CSE: $FLO.C)
Point Roberts WA, Delta BC, October 18, 2019 – (Investorideas.com Newswire) Investorideas.com, a global news source and leading investor resource announces its weekly roundup of stocks added to its global stock directories in cannabis, biotech, eSport, defense and mining.
The newest cannabis, defense and mining companies are all listed on the Canadian Stock Exchange (CSE) with defense company, Plymouth Rock Technologies Inc. dual-listed on the US OTC Board (OTCQB: PLRTF).
The latest biotech and eSport companies are both Nasdaq listed on the Capital Markets board.
New Cannabis Companies:
Isracann Biosciences Inc. (CSE:IPOT) is an Israeli-based company focused on becoming a premier cannabis producer offering low-cost production targeting undersupplied major European marketplaces. Based in Israel's agricultural sector, Isracann will leverage its development within the most experienced country in the world with respect to cannabis research.
New Biotech Companies:
Hepion Pharmaceuticals (NASDAQCM: HEPA) is a clinical stage biopharmaceutical company focused on the development of targeted therapies for liver disease arising from non-alcoholic steatohepatitis (NASH) and chronic hepatitis virus infection (HBV, HCV, HDV). The Company's lead drug candidate, CRV431, reduces liver fibrosis and hepatocellular carcinoma tumor burden in experimental models of NASH. Preclinical studies also have demonstrated antiviral activities towards HBV, HCV, and HDV through several mechanisms. These diverse therapeutic activities result from CRV431's potent inhibition of cyclophilins, which are involved in many disease processes. Currently in clinical phase development, CRV431 shows potential to play an important role in the overall treatment of liver disease - from triggering events through to end-stage disease.
New eSport Companies:
Allied Esports Entertainment (NASDAQCM: AESE) is a leading esports entertainment company with a global network of dedicated esports properties and content production facilities. Its mission is to connect players, streamers and fans via integrated arenas and mobile esports trucks around the world that serve as both competition battlegrounds and everyday content generation hubs. Allied Esports is a subsidiary of Allied Esports Entertainment.
New Defense Companies:
Plymouth Rock Technologies Inc. (CSE: PRT) (OTCQB: PLRTF) is developing the next generation of threat detection solutions, with state-of-the-art technological advancements. Our advanced threat detection methods fuse artificial intelligence with augmented reality interfaces to eliminate human operating error. Plymouth Rock products, both airborne and land-based, will scan for threat items at greater "stand-off" distances than current existing technologies. Our unique radar imaging and signal processing technology creates new opportunities for remotely operated, none intrusive screening of crowds in real time.Plymouth Rock's core technologies include: (1) A Millimeter Remote Imaging from Airborne Drone ("MIRIAD"); (2) A compact microwave radar system for scanning shoe's ("Shoe-Scanner"); and (3) Wi-Fi radar techniques for threat detection screening in Wi-Fi enabled zones in buildings and places, such as airports, shopping malls, schools and sports venues ("Wi-Ti").
New Mining Companies:
Fiorentina Minerals Inc. (CSE:FLO) is engaged in the business of mineral exploration and the acquisition of mineral property assets in Canada. Its objective is to locate and develop economic precious and base metal properties of merit and to conduct its exploration program on the Consortium Project. The Consortium Project is comprised of three mineral claims covering an area of 1161.10 hectares, located on Vancouver Island, British Columbia, approximately 35 kilometres south of the town of Sayward in the Nanaimo Mining Division.
The directories are not meant as recommendations but as a research tool to discover opportunities and trading ideas in a particular sector.
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.
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Vertically
Integrated #Cannabis Consumer Packaged goods Company 1933 Industries (CSE: $TGIF.C) (OTCQX: $TGIFF) Corporate Update; @1933Industries
VANCOUVER, B.C., CANADA- October 18, 2019 - (Investorideas.com
Newswire) I933 Industries Inc. (the “Company” or “1933 Industries”) (CSE: TGIF) (OTCQX: TGIFF), a
vertically integrated cannabis consumer packaged goods company, is pleased to provide
an update regarding its operations.
Read
this in full at https://www.investorideas.com/news/2019/cannabis/10181CSETGIF-ConsumerPackagedGoods.asp
Highlights:
- ·
1933
Industries continues to focus its operations in the licensed US cannabis
industry as a multi-state operator in Nevada, Colorado and California.
- ·
1933
Industries is a two-year old company built with sustainability and
profitability as its primary goals and continues to execute on its growth
plan.
- ·
The
Company has instituted capital efficient practices to operate a lean and
sustainable business with scalable profitability as its main objective.
- ·
The
Company maintains a strong balance sheet with cash on hand to fund capital
projects, the ability to service its debenture payments and currently holds no
other debt.
- ·
Experienced
in the cannabis industry, the operationally focused management team raised
approximately $36M over the last two years and has added $60M in assets to the
Company.
- ·
Three
major capital projects were undertaken by management in order to build expanded
infrastructure capacity for cannabis flower cultivation, production of
concentrates, and hemp-derived CBD extraction in Nevada.
- ·
Cultivation
facility in Las Vegas was completed and the first harvest is now expected in
December, bringing a 5-fold increase in flower production and raw materials for
cannabis concentrates.
- ·
New
manufacturing facility in California is coming online in November as well as expanded
cultivation capacity for the Company’s AMA premium flower brand.
- ·
The
Company’s proprietary Canna Hemp™ wellness line continues to establish itself
as a premier CBD brand across the US and is now available in over 800 retail
outlets.
- ·
World-renowned
brands such as OG DNA Genetics, and The Original Jack Herer® selected the
Company’s subsidiary, Alternative Medicine Association, as their exclusive
partner in Nevada, as well as luxury brand Blonde™ Cannabis, leading
concentrate producer Denver Dab Co., premium cannabis brand Gotti’s Gold
and custom hardware manufacturer PLUGplay.
- ·
Leading
specialty retailer Zumiez is now carrying the Company’s CBD Canna Hemp X™
sports cream, which was launched in collaboration with top skateboarding
company Grizzly Griptape.
- ·
The
exclusive Birdhouse Skateboards™/Canna Hemp X™ co-branded sports cream is set
to launch in November and will be available at US Zumiez stores.
Fiscal
Responsibility, Strong Balance Sheet and Cash Position
The Company recently provided
guidance on its Q4 financial results (see news release dated September 12, 2019)
and will be announcing its Annual Financial Report by the regulatory deadline
of November 30th.
1933 Industries is a two-year old
company built with sustainability and profitability as its primary goals and
continues to execute on its growth plan. The Company sold its
purpose-built cultivation facility and negotiated a 10-year lease-back
agreement to operate one of Nevada’s largest indoor cultivation facilities for
premium craft cannabis (see news release dated May 15, 2019). Gross proceeds of
$10.45M are being utilized to fund infrastructure projects in Nevada and
California, to open new markets in Arizona and Colorado, and to continue the
expansion of its Canna Hemp™ consumer branded goods across the US. Management
has built significant sequential growth, quarter after quarter, year over year,
building a continued path towards profitability once all projects become fully
operational. Additionally, the Company has streamlined its business units to significantly
improve operational efficiencies across and reduce corporate overhead.
Expanding
Cultivation Capacity in Nevada and California
The
Company recently reported that it expects the first harvest of high premium
flower from its new cultivation facility in Las Vegas in December, with
subsequent harvests every two-weeks thereafter (news release dated September 30,
2019). The completion of the 67,750 sq. ft. purpose-built, indoor facility
was a major milestone for the Company as it positions itself as the largest
wholesale supplier of premium craft flower to licensed dispensaries and ensures
the consistent supply of raw materials for the Company’s AMA product line and licensing
partners. The expected output of 700 lbs. of cannabis flower is a 5-fold
increase in production and the Company expects that all flower rooms will be
filled and harvesting on a continuing basis by January, 2020.
The cultivation and manufacturing
buildout in California is on schedule to be completed by the end of October and
will be in production by November. The California operation is managed by the
Company, but owned by a third party (news release dated August 15, 2019). Both
the Nevada and California facilities bring almost 80,000 sq. ft. of total
cultivation space to the Company while positioning the Company to maximize
cultivation and extraction capabilities in both states.
New Extraction Facilities in Progress
The
Company reports that the renovation to increase the footprint of its current extraction
facility is on track to receive construction permits from Clark County this
week. The construction will take three months to complete, which will double
the Company’s extraction and production capabilities (news release dated July
12, 2019).
The
Company’s hemp-derived cannabidiol (CBD) extraction facility (Hemp Lab) under
development is being designed with the capacity to isolate cannabinoids such
as CBD, CBN and CBG, at commercial scale volumes in order to utilize all
isolates in the manufacturing of the Company’s own proprietary branded products,
with the aim of increasing product margins and bringing online a new, recurring
revenue stream. The Company will be providing a full update on its Hemp Lab
once it finalizes the timing of equipment delivery, county approvals and
engineering plans.
Positioning Canna
Hemp as the Premier CBD product line in the US
As
a brand-focused company, building a strong portfolio of high margin, industry-leading
brands that have wide appeal to consumers is a key priority for the Company. With
wholesale partnerships, nationwide reach of its products, and a new partnership
with Zumiez retailer in the US, the Company has added an e-Commerce channel with
a revamped website portal and upcoming marketing campaigns targeting mainstream
media.
The
Company’s sports cream, Canna Hemp X™, a collaboration with Grizzly Griptape,
targets a growing consumer following from the skateboarding, BMX, snowboarding,
motocross and MMA fields of sport. Working through brand ambassadors in all the
above sports, the Company is building a brand that resonates with athletes of
all levels. The Company has executed licensing agreements with best of breed
names including Grizzly Griptape and Birdhouse Skateboards™, with the latter
soon to launch a co-branded Birdhouse/Canna Hemp X™ CBD Balm in November.
Marketing campaigns will include skateboarding legend Mr. Tony Hawk, Mr. Clive
Dixon, Mr. David Loy as well as other Birdhouse team riders to promote the
collaboration. The Company continues to build on its ambassador and
influencer programs, with the aim to build teams across the main focus sports
noted above.
Management Commentary
Mr.
Chris Rebentisch, CEO of the Company remarked, “We are pleased to report that
we have never been in a stronger position as a company. We are fully
capitalized to execute on our strategy, without having to raise capital and
with no debt in our books. With multiple projects coming online over the next
months that will increase revenues, we will continue to build our strongest
brand portfolio to date while we work towards profitability. We confirm that
the Company’s management is unaware of any material change in the
Company’s operations that would account for the recent increase in market
activity. The current share price is not representative of the performance of
our operations.”
Mr.
Brayden Sutton, Chairman of the Board added, “We have a solid balance sheet
that demonstrates the strength of the management team and its expertise as
operators in the cannabis space with a long history of execution in the
consumer packaged goods sector. We continue to build one of the most impressive
‘House of Brands’ in the market with increasing revenues and distribution. We
are in the enviable position to weather market pressures until the sector
recovers, and we believe that in the changing landscape of the cannabis
industry, companies such as ours with strong fundamentals will become the next
phase of the cannabis industry, one that will be distinguished by quality
products, safety of ingredients and brand affinity.”
About 1933 Industries Inc.
1933
Industries Inc. is a vertically integrated, brand-focused cannabis company with
operations in the United States and Canada. Operating through two
subsidiary companies, the Company owns leading cannabis brands as well as
licensed cannabis cultivation, extraction, processing and manufacturing assets.
Our
award-winning proprietary portfolio of brands include: AMA flower and AMA
concentrates, CBD-infused Canna Hemp™, Canna Hemp X™, and Canna
Fused™. Partners under licensing agreements include Birdhouse
Skateboards™, Blonde™ Cannabis, Denver Dab Co., Gotti’s Gold, Grizzly
Griptape, OG DNA Genetics, PLUGplay, and The Original Jack Herer®.
The
Company owns 91% of Alternative Medicine Association, LLC (AMA), and 100% of
Infused MFG LLC.
About Canna Hemp™
Canna Hemp™ CBD Relief Cream was
named “Best Topical” by Leafy’s Best in State: The Top State Specific Products
and Experiences of 2018.
About Canna HempX™
Canna
Hemp X™ was named “Best Topicals for Pain” by Herb’s Guide to the Best Cannabis
Products on the Planet. Canna Hemp X™ is a CBD sports recovery cream for
athletes, bridging the gap between recovery and top performance.
For further
information please contact:
Alexia Helgason, IR and Corporate Communications Director
604-674-4756 (ext. 1)
alexia@1933industries.com
Alexia Helgason, IR and Corporate Communications Director
604-674-4756 (ext. 1)
alexia@1933industries.com
Chris Rebentisch, CEO & Director
604-674-4756 (ext. 1)
Neither
the Canadian Securities Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the Canadian Securities Exchange) accepts
responsibility for the adequacy or accuracy of this release.
Notice regarding
Forward Looking Statements: This news release contains forward-looking
statements. The use of any of the words "anticipate",
"continue", "estimate", "expect",
"may", "will", "project", "should",
"believe" and similar expressions are intended to identify
forward-looking statements. Although the Company believes that the expectations
and assumptions on which the forward-looking statements are based are
reasonable, undue reliance should not be placed on the forward-looking
statements because the Company can give no assurance that they will prove to be
correct. Since forward-looking statements address future events and
conditions, by their very nature they involve inherent risks and uncertainties.
These statements speak only as of the date of this news release. Actual results
could differ materially from those currently anticipated due to a number of
factors and risks including various risk factors discussed in the Company's
disclosure documents, which can be found under the Company's profile on www.sedar.com. 1933
Industries undertakes no obligation to update publicly or revise any
forward-looking information, whether as a result of new information, future
events or otherwise, except as required by law.
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