Investor
Ideas #Potcasts, #Cannabis News and #Stocks on the Move; Episode 408 – Market
Recap
Delta, Kelowna, BC, May 1, 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:
Read this in full
at https://www.investorideas.com/news/2020/cannabis-potcasts/05011MarketRecap.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.
Today’s
podcast we look at the last month’s industry and news trends and what to expect
for May.
Online
and Delivery:
Over
the last month we’ve seen a surge of cannabis sales both in the U.S. and Canada
as cannabis companies have been deemed “essential services” during the COVID-19
Pandemic. With increased sales numbers retailers have also had to evolve to the
changing landscape now heavily reliant on online sales, curbside pickup and
home delivery.
In
Canada Fire and Flower has continued
to steam ahead as one of the few companies with a robust online presence and an
established delivery system while other retail chains have pushed to catch up
such as we’ve seen from Choom and High Tide, as well as many others.
In
the U.S. we’ve seen a lot of collaboration within the industry between
retailers, delivery services and payment solutions companies to acclimate to
this new normal and deal with the increased sales. The main examples we’ve seen
have been mainly in developed markets such as California and Nevada but newer
markets like Massachusetts have also seen steady growth and a move towards
online sales, while less developed cannabis markets have been held back due to
regulatory standards such as in Main and Washington.
Sanitizer
and Safety Gear:
As
the COVID-19 Pademic continues we’ve seen a few cannabis companies use this as
an opportunity for short term revenue by launching their own hand sanitizers
and disinfectant cleaners as well as masks and gloves. Relevium was one of the first into this space with hand sanitizer
that had nearly a quarter million in pre-sales their first week and was
followed by others with more momentum building. By the end of the month there
are now several companies following their approach and even some producing
masks, gloves and safety gear for the medical community as well as offering
online sales.
CBD
Seems Unfazed:
CBD
Companies have been reporting increased sales with limited impact from the
COVID-19 Pandemic as the vast majority of the companies in this space were
already heavily reliant on online marketplaces or white label sales. Both have
either maintained or increased over the last month. The only real impact we
seem to be seeing is with regards to the EU market which many companies have been
focussed on entering which is currently at a stand-still due to the pandemic,
though many companies are using this time to obtain licenses and develop online
infrastructure.
Psychedelics
on the Rise:
Another
result of the COVID-19 Pandemic has been increased interest in the field of
psychedelic medicine with more cannabis companies such as the Yield Growth Corp. and Hollister Biosciences investing in
entry into this space. We’ve also seen the rise of many psychedelic oriented
companies such as Champignon Brands
and PSYCH announcing their launches
with more sure to follow. As we see more of the social and mental impact of
self-isolation there may be an opportunity for psychedelic research and
medicine to be fast tracked to some form of legalization or decriminalization
as more and more lobbyist groups push legislators for change with more and more
overwhelming public support.
Product
Development:
As
many producers look to minimize expenses and increase efficiency we are also
seeing many companies use this pandemic as an opportunity for R & D and new
product development as we’ve seen a string of announcements on new exciting
products to be launched within the next 3 months. This has also been a great
opportunity with product testing as cannabis sales have been so steady that no
products are sitting on shelves so some companies have used this as an
opportunity to collect consumer data and have had several soft launches in
different markets.
What’s
coming in May?
In
May we can expect to start to see more of a gap between retailers adapted to
the new online/delivery system and those struggling to catch up as well as with
sales numbers coming out in the next few weeks. This will be a great
opportunity to track brand traction and get a glimpse into uninhibited consumer
sales data.
There
are also a string of products expected to launch within the next month, some of
which are more next generation products while others are more craft produced
premium grade products. Both of which should be watched closely regarding
consumer feedback and initial sales numbers, and as most sales are being
conducted online this will be fairly easy to track.
One
other thing that is having a large impact on the US cannabis industry has been
the lack of government assistance of support which has put many companies in
oversaturated markets like California at risk. There has been a heavy push
towards some sort of cannabis government aide as well as talks of the safe
banking initiative being pushed ahead which I would expect to hear more
developments on over the next month.
Investor
ideas reminds all listeners to read our disclaimers and disclosures on the
Investorideas.com
website and 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
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