Investor
Ideas #Potcasts; #Cannabis News and #Stocks on the Move; (CSE: $PLTH.C) (TSX: $FAF.TO), (CSE: $OILS.C) (CSE: $AGRA.C) (CSE:
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Delta, Kelowna, BC, December 17, 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 podcast
edition of 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/12171PLTH-FAF-OILS-AGRA-IPOT.asp
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 early announcements.
Planet 13 Holdings
Inc. (CSE:
PLTH) (OTCQX:
PLNHF), a leading vertically-integrated Nevada cannabis
company, announced
today that it received the top award in the retail category
during the MJBizDaily Awards Gala. The inaugural award was presented to the
Company as part of the MJBiz Conference in Las Vegas, the world's largest
cannabis conference and tradeshow. The award program recognizes global leaders,
both companies and individuals, for their excellence and impact on the hemp and
cannabis industries.
"We
are thrilled to be recognized by MJBizDaily as the leader in American cannabis
retail. Our focus on creating a unique cannabis retail destination centered on
customer experience, innovation, and entertainment has been key to our success
in driving ~2,000 paying customers on average per day and generating ~10% of
Nevada's cannabis sales," said Larry Scheffler Co-CEO of Planet 13.
The
award follows on the heels of a Clio Cannabis Award in Brand Design Planet 13
received weeks ago for the packaging of its new Dreamland Chocolates™ line of
products – awarded by Clio Cannabis/High Times that celebrates the creators at
the forefront of cannabis marketing and communications. In addition to the
MJBiz Retail award and the High Times design award one of Planet 13's budtenders
was recently voted as a top ten budtenders in America at the inaugural
Budtender awards.
Fire & Flower
Holdings Corp. (TSX:
FAF), today
announced its financial and
operational results for the thirteen (and thirty-nine) weeks ended November 2,
2019.
Some
of the Financial and Operational Highlights for the thirteen weeks ended
November 2, 2019 were:
●
As at the end of the quarter, the Company
operated 30 cannabis retail stores across the provinces of Alberta, Manitoba,
Saskatchewan and the Yukon, including 10 cannabis retail stores that commenced
operations during the quarter. In addition, the Company provided consulting and
licensing services to two branded cannabis retail stores in Ontario.
●
$18.6 million in system sales which
includes corporate and licensed stores representing a 19.7% increase over
Q2-2019.
●
Total revenue of $13.7 million at a gross
profit of 34.7%, compared to $11.1 million in Q2-2019 at a gross profit of
36.5%.
●
Closed the strategic investment with
Alimentation Couche-Tard Inc. ("Couche-Tard") with an initial investment
of $25.9 million (through its subsidiary). The strategic investment would
result in Couche-Tard obtaining a controlling interest in Fire & Flower if
all securities issued in connection with the strategic investment are
converted/exercised in full.
●
Closed asset purchase agreements with
wholly-owned subsidiaries of Cannabis Cowboy Inc. in relation to 8 cannabis
retail stores in the province of Alberta including stores in the key urban
market of Calgary.
●
HifyreTM launched the Spark
PerksTM members program providing benefits such as Fastlane
checkout, exclusive deals and access to member-only events. Since its launch
the program has enrolled more than 50,000 members.
There
were also subsequent Financial and Operational Highlights post November 2, 2019
which included receiving 9 additional cannabis retail store licences and
commencing operations at 3 additional cannabis retail stores in the province of
Alberta as well as entering into the final stages of the application process
for cannabis retail store licensing in the province of British Columbia.
"With
the emerging Canadian cannabis industry facing headwinds, Fire & Flower
continues to deliver a track record of growth and meeting our objectives"
shared Trevor Fencott, Fire & Flower's Chief Executive Officer. "We
anticipate meeting our goal of 45 open and operating stores by the end of our
fiscal year. Our industry-leading Spark Perks members program ensures that our
customers are engaged with the Fire & Flower brand as their cannabis
retailer of choice."
Nextleaf Solutions
Ltd.
(CSE:
OILS) (OTCQB:
OILFF), a Coquitlam-based company developing intellectual
property for the extraction and purification of cannabinoids, announced that it
has entered into a strategic agreement with a British Columbia-based cannabis
processing equipment distribution company.
The
Agreement permits the Licensee, on a non-exclusive basis, to commercialize and
distribute certain intellectual property, specifically, three issued and
pending patents related to post-extraction processing equipment developed by
Nextleaf. OILS will provide the Licensee with initial working capital and
strategic support during the indefinite term of the Agreement. OILS may
terminate the Agreement if the Licensee does not meet certain minimum annual
sales targets.
OILS
will receive a royalty equal to 20% of the Licensee's gross revenue from all
sources in exchange for, among other considerations, the licensed IP. Based on
the Licensee's current product backlog and 2020 projections, OILS estimates the
Royalty could yield over $3,000,000 in royalty fees to Nextleaf in the 2020
calendar year, with initial revenue expected to commence in the immediate term.
"We
believe this is an ideal partnership with a company whose management has a
proven track record of building one of the industry's largest cannabis
processing equipment distributors," stated Charles Ackerman, Chief
Financial Officer of Nextleaf. "This deal allows OILS to continue its work
to efficiently monetize its patent portfolio globally. It also brings closer to
its previously announced goal of $5,000,000-$10,000,000 in gross revenue from
IP licensing alone in the next 12 months.ii We believe IP licensing has the potential to
represent up to 10-20% of our gross annual revenue" continued Ackerman.
In
addition to the development and monetization of its IP portfolio, OILS
continues to focus on assisting Nextleaf Labs Ltd., a Health Canada licensed
standard processor, to reach full commercial production including the production
and sale of bulk CBD and THC oils. Nextleaf expects to be in a position to
announce additional commercial agreements during the first calendar quarter of
2020.
AgraFlora
Organics International Inc. (CSE:
AGRA) (OTC:
AGFAF), a growth oriented and diversified international
cannabis company, announced that
the Company’s 50 per-cent owned joint venture subsidiary, Eurasia Infused
Cosmetics Inc. is preparing to import a suite of Toronto Wolfpack RLFC/
HowlBrands CBD performance products into 2019 Rugby World Cup host nation,
Japan, as well as the Hong Kong special administrative region.
By way of an
exclusive manufacturing and distribution agreement with the Toronto Wolfpack
and HowlBrands, AgraFlora is positioned at the nexus of the burgeoning
CBD-infused performance products marketplace and the vast captive audience of
professional sports. The exclusive agreement is further bolstered by TWP's
recent Super League promotion and transatlantic professional sports team
status, affording AgraFlora with a noteworthy platform to capture material
market share within the sports nutrition and rehabilitation segments.
In October 2019
AgraFlora’s exclusive CBD sports partner, the Toronto Wolfpack, was promoted to
the 2020 RLF Super League competition; an accomplishment that positions the TWP
in the highest tier of English rugby league, boasting international broadcast
reach to over 250 million homes. The Toronto Wolfpack achieved 704 million
unique views from associated print and web articles throughout the 2019 season,
as well as 40.4 million views attributed from its global Rugby Strength product
announcement.
The 2019 Rugby World
Cup hosted by Japan garnered total viewership of over 1.7 billion digital video
views world wide, affording advertisers an embedded and captive fan base
already familiar with the familiar with the gladiatorial nature of rugby, as
well as the associated maladies which may be remedied by the next generation of
CBD sport products.
Eurasia and the
Toronto Wolfpack/HowlBrands will collaborate to import the following
hemp-derived, CO2 extracted and GMP certified CBD-infused performance stock
keeping units (“SKUs):
● CBD
isolate performance tincture;
● CBD-infused
sports rejuvenation gummies; and,
● CBD
sport capsules.
Eurasia Infused, by
way of a commercial concession with Hong Kong-domiciled CBD Group Asia Ltd.
(“CBD Group Asia”), controls a distribution agreement for CBD and hemp-derived
beauty, wellness and performance products within the South Asian and Pacific
Rim theatres.
CBD Group Asia's
principals boast more than a decade experience specializing in the importation
and customization of premium Canadian consumer packaged goods (“CPGs”) for the
Chinese marketplace. The CBD Group Asia management team has previously
distributed premium Canadian CPGs into China's largest retail chains and
C-stores, including RT-Mart International Ltd. (“RT-Mart”) and Carrefour SA.
RT-Mart alone operates over 484 retail locations covering 233 cities and 29
provinces in China and generated $20-billion in sales in 2018.
Brandon Boddy,
Chairman and Chief Executive Officer of AgraFlora stated: “Fifteen to twenty
years ago, protein powder and performance supplements were health and wellness
products only consumed by body builders and triathletes, today these products
have become ubiquitous in the daily routine of many from accountants, to trades
people, to stay-at-home parents; we speculate that CBD’s societal permeation
will replicate this trajectory.
Our continued
commitment to cross-functional integration and knowledge sharing across our
various subsidiaries further magnifies the accretive nature of our diverse
operating business units. With the guidance of CBD Group Asia we continue to
occupy trailblazer status within the global CBD sports market, all while
occupying the intersection between wellness and sports. With numerous, notable
SKUs in the pipeline and several jurisdictions already identified for future
roll-outs, our objective is to create brands that transcend beyond sport;
delivering specific benefits that appeal to and reach all consumers who value
proper care of their bodies.
Our CBD performance
SKUs earmarked for Japan and Hong Kong are developed and formulated by a team
of medical professionals and natural health experts and boast THC-free, gluten-free,
non-GMO status, with vegan and organic accreditations. GMP-certified
manufacturing partners are mandated to comply with the industry's highest
standards including full, batch-specific documentation and rigorous third party
testing.”
Isracann Biosciences
Inc.
(CSE:
IPOT) (OTC:
ISCNF), an Israel-based company focused on becoming a
premier low cost, high quality cannabis producer for both domestic and European
export sales, announced that it
has entered into an MOU for a joint venture with an additional farm property
consisting of a late stage buildout of a cannabis cultivation facility in an
agricultural centre proximal to several licensed producers west of Be’er Sheva,
Israel.
Under
the joint venture, the Company will capitalize the buildout of the remaining
construction in return for an economic interest in the project in compliance
with Israeli laws. Terms of the joint venture will be released upon signing of
a definitive agreement, which is subject to continued due diligence of the
Be’er Sheva Farm by the Company.
The
Be’er Sheva Farm consists of over 880,000 sq. ft. of agricultural land with two
recently assembled steel greenhouse structures having a footprint of nearly
200,000 sq. ft. Upon full build-out the facility will represent an approximate
100% increase in the Company’s current potential production capacity from its
existing Nir Israel farm. The Be’er Sheva Farm also provides unused land with
the potential for four times cultivation expansion capability. The new facility
is designed to cannabis production standards and is ready to be enclosed with
high quality application-specific polycarbonate cladding. The facility has all
construction and land use permits in-place and an experienced and knowledgeable
cultivation team which has local agronomic expertise with regional cannabis
operations.
Isracann
CEO Darryl Jones advises, “Our agronomic consultants brought this enterprise to
our attention recently and the economics of the opportunity impressed us enough
to move quickly to lock in a partnership. The facility is poised to greatly
expand our existing footprint and advances our timeline to production by
several months.”
Isracann
has moved quickly to develop a definitive agreement subject to completion of
commercial due diligence. A preliminary assessment by Isracann’s agronomic team
projects full scale planting during the upcoming 2020 spring season. Initial
production projections indicate a first-year yield consistent with the
Company’s Nir Israel farm projected output.
Matt
Chatterton, VP Operations for Isracann recently visited the Be’er Sheva Farm
and comments, “We’ve been evaluating several opportunities to expedite our
commercialization plans and based on my inspection of the property this farm
offers the ability to shorten our time-to-market. The fundamentals are already
in place, including building permits, and the basic infrastructure is already
constructed which accelerates timing. Once we conclude our due diligence efforts,
the proposed plan will be to advance the technical efforts including completion
of the greenhouse and concurrently implementing a project characterization
strategy in preparation to planting. There is still a lot of work to complete,
but our efforts at our Nir Israel farm have already provided us with regional
business relationships, experienced advisors, and extensive preparations that
we can readily extend and implement across both locations.”
“The
region has already proven suitable for high quality cannabis production,”
continues Company CEO Jones. “Of significant interest is that the farm operator
will participate in the arrangement and is a highly experienced manager of cost
effective large-scale agricultural operations within the region. There are also
several corporate and economic advantages open to us as we move ahead to
finalize our definitive agreement. The opportunity to achieve production sooner
than anticipated is a very attractive part of this strategic acquisition and
directly reflects our commitment to our partners, stakeholders and shareholders
alike as we grow our presence as cannabis industry leaders in Israel.”
Investor ideas
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