Investor Ideas #Potcasts, #Cannabis News and #Stocks on the Move; Episode 452 (NASDAQ: $APHA) (NASDAQ: $CRON) (NASDAQ: $GWPH) (NASDAQ: $CGC) (TSX: $RIV.TO) (NASDAQ: $TLRY)
Delta, Kelowna, BC, August 7, 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/2020/080720-StocksToWatch.mp3
Read this in full at http://www.investorideas.com/news/2020/cannabis-potcasts/08071APHA-CRON-GWPH-CGC-RIV-TLRY.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 look at a few of last week’s, this week’s and the upcoming
week’s public company financial reports, how the market reacted as well a few
public company announcements.
Last
Week’s Reports:
From
last week’s financial reports one of the larger LP names was Aphria
Inc. (TSX: APHA) (NASDAQ: APHA), a leading global cannabis
company, who reported its financial results for the fourth quarter and fiscal
year ended May 31, 2020 on July 29th.
The
market reacted with a strong rise on July 28th with the stock price reaching $6
then dropping down below $5 the day the financial results were released.
"At
Aphria, we are setting ourselves apart from the rest of the cannabis
industry," said Irwin D. Simon, Chairman and Chief Executive Officer.
"We have generated some of the strongest sales growth, we have one of the
strongest balance sheets and cash positions, compelling consumer brands and a
well-diversified global business. We are grateful for the dedication of our
employees for whom our commitment to protect their safety is unwavering and
remains a founding principle of our company. Our strong finish to fiscal year
2020 demonstrates that this was a transformative year for Aphria, as our net
revenue increased 129% from fiscal year 2019. We continue to focus on capturing
strong market share in Canada by executing upon our strategic plan and
positioning Aphria as a leader in category innovation. With exciting new
product categories and line extensions launching in the very near future, we
believe our award-winning adult-use portfolio remains unmatched in the
industry. By building on this foundation, we remain focused on the highest
return opportunities for growth and long-term value creation."
Looking
more at the ancillary cannabis market, The
Scotts Miracle-Gro Company (NYSE SMG), one of the world’s largest
marketers of branded consumer lawn and garden products, released its third quarter financial results
on Wednesday, July 29, 2020, beating many analyst predictions which gave the
stock price a big run, rising nearly $12 the day earnings were released.
This
Week’s Reports:
Cronos
Group Inc. (NASDAQ: CRON) (TSX: CRON), announced its 2020 second quarter business
results on August 6th this week. Similar to Aphria the stock had a long run
leading up to the financial reports then dropped over a $1 the day of earnings.
“In the second quarter of 2020, we
continued our progress despite unprecedented shifts in our industry and the
global economy. We officially entered the Israeli medical cannabis market, with
Cronos Israel commencing the sale of PEACE NATURALS™ branded dried flower
products to medical patients. During these extraordinary times, it is very
encouraging to see that we are making progress against our strategy across our
global footprint," said Mike Gorenstein, CEO of Cronos Group.
"While following safety
guidelines, our employees are finding new and creative ways to keep our
production, manufacturing, and R&D facilities operating, and we are
bringing new products and brands to markets across the globe. Cronos Group was
founded on the mission to improve people’s lives by unlocking the full
potential of cannabis and our Company is very proud to be at the forefront of
providing safe access and high-quality products to patients and consumers
around the world.”
GW
Pharmaceuticals plc (NASDAQ: GWPH), a world leader in the science,
development, and commercialization of cannabinoid prescription medicines,also announced their financial results and
operating progress for the second quarter ended June 30, 2020 on August 6th of
this week. GW, like Aphria and Cronos also took a nearly $15 plunge after the
release of their financial results, even after beating most estimates.
“We were pleased with the strength
of U.S. Epidiolex sales in the second quarter in spite of the COVID-19
pandemic. Further, the recent approval
and imminent launch of Epidiolex for the treatment of seizures associated with
TSC provides a meaningful new opportunity to accelerate momentum through the
second half of 2020 and beyond,” stated Justin Gover, GW’s CEO. “We also
continue to be excited about the potential of our product pipeline, in
particular nabiximols, for which we recently outlined our accelerated US
development strategy in the treatment of spasticity in patients with MS and
other conditions. We look forward to commencing the nabiximols Phase 3 program
as well as multiple other pipeline clinical trials in the second half of the
year.”
Upcoming
Reports:
Canopy Growth
Corporation (TSX: WEED) (NYSE: CGC) will release its financial results for the
first quarter fiscal 2021 ended June 30, 2020 before financial markets open on
August 10, 2020.
Following the release of its first
quarter fiscal 2021 financial results, Canopy Growth will host an audio webcast
with David Klein, CEO and Mike Lee, EVP & CFO at 10:00 AM Eastern Time on
August 10, 2020.
Acreage
Holdings, Inc. (CSE: ACRG.U) (OTCQX: ACRGF) announced that it will release its second
Quarter 2020 earnings on August 11th after the markets close. Additionally, Acreage will host a conference
call on August 12, 2020 at 8:30 a.m. EDT to discuss the results in detail.
Canopy Rivers Inc. (TSX: RIV) (OTC: CNPOF) announced that it will report its first
quarter fiscal year 2021 financial results before markets open on August 14,
2020. The Company's unaudited condensed interim consolidated financial
statements and management's discussion and analysis of financial results for
the three months ended June 30, 2020 will be available on the Company's profile
on the System for Electronic Document Analysis and Retrieval at www.sedar.com
and on the Company's website at www.canopyrivers.com/investors.
Following the release of its first
quarter fiscal year 2021 financial results, Canopy Rivers will host a
conference call and audio webcast with Narbe Alexandrian, President and CEO,
and Eddie Lucarelli, CFO, at 9 AM Eastern Time on August 14, 2020.
Tilray
Inc.
(NASDAQ: TLRY), a global pioneer in cannabis
production, research, cultivation and distribution, announced that it will report results for the
second quarter ended June 30, 2020 on Monday, August 10, 2020 after market
close.
The Company will host a conference
call to discuss these results at 5:00 p.m. ET. Investors interested in
participating in the live call can dial 877-407-0792 from the U.S. and
201-689-8263 internationally.
There will also be a simultaneous,
live webcast available on the Investors section of the Company’s website at www.tilray.com.
The webcast will be archived after the call concludes.
Village
Farms International, Inc. (NASDAQ: VFF) (TSX: VFF) announced that it will host a conference call
to discuss its second quarter 2020 financial results on Thursday, August 13,
2020 at 8:30 a.m. ET. Participants can access the conference call by telephone
by dialing (647) 427-7450 or (888) 231-8191, or via the Internet at: https://bit.ly/3i7Dvpu.
The Company expects to report its
second quarter 2020 financial results via news release on Wednesday, August 12,
2020 at approximately 5:00 p.m. ET.
The
Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTC: TGODF), a leading producer of premium
certified organic cannabis, will release its first quarter financial
results following the market close on the evening of Wednesday, August 12,
2020.
The Company will hold a conference
call with analysts on Thursday, August 13, 2020, beginning at 9:00 a.m. (ET).
An audiocast of the conference call will be available on a listen-only basis
at:
https://produceredition.webcasts.com/starthere.jsp?ei=1353524&tp_key=d196775e24.
Scheduled speakers are Brian
Athaide, Chief Executive Officer, and Sean Bovingdon, Chief Financial Officer,
followed by a question and answer period with analysts.
Sundial
Growers
(NASDAQ: SNDL) announced that it will release its second
quarter financial results ended June 30, 2020 after market close on August 13,
2020.
Following the release of its second
quarter financial results, Sundial will host a conference call and webcast at
10:30 a.m. EDT (8:30 a.m. MDT) on August 14, 2020.
Harvest
Health & Recreation Inc. (CSE: HARV) (OTCQX: HRVSF), a vertically integrated
cannabis company and multi-state operator in the U.S., announced that it will hold a conference call
on Tuesday, August 11, 2020 at 5:00 PM Eastern Time following the release of
its second quarter 2020 financial results.
Participating on the call to review
Harvest Health & Recreation's Second Quarter 2020 financial and operating
results will be Steve White, Chief Executive Officer and Deborah Keeley, Chief
Financial Officer.
Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF), a leading and top-performing
cannabis company in the United States, will release its second quarter 2020 financial
results on Wednesday, August 12th, 2020, before markets open. Following the
earnings release, management will host a conference call at 8:30 AM Eastern
Time to review the financial results.
All
interested parties can join the conference call by dialing 1-888-231-8191 or
1-647-427-7450, conference ID: 4364705. Please dial in 15 minutes prior to the
call to secure a line. The conference call will be archived for replay until
August 19, 2020. To access the archived conference call, please dial
1-855-859-2056 and enter the encore code 4364705.
Rapid
Dose Therapeutics Corp. (CSE: DOSE) announced that due to circumstances created by
the COVID-19 pandemic, the Ontario Securities Commission and other members of
the Canadian Securities Administrators granted “Issuers” in the Canadian
securities industry up to an additional 45 days, to complete quarterly
statutory filings. The Company was unable to file its unaudited financial
statements and management discussion and analysis for the first quarter ended
May 31, 2020 by its usual deadline of July 30, 2020 and will be relying on the
Extension.
Accordingly, as required by the
conditions of the Extension, the Company’s management and other insiders will
be subject to a trading black-out that reflects the principles in Section 9 of
National Policy 11-207 until its financial statements are filed, which will be
by September 13, 2020.
As announced in a news release
issued on June 26, 2020, the Company is relying on the Extension in respect of
a late filing of its annual audited financial statements for the period ended
February 29, 2020 and related management discussion and analysis (the “Annual
Filings”). The Company is continuing to
work diligently to prepare and file its Annual Filings in accordance with the
Extension by August 12, 2020.
Other than as previously disclosed
by the Company in news releases, including the information herein, there are no
other material business developments since the date of the Company’s most
recent filing of its interim financial statements and management discussion and
analysis for its Q3 ended November 30, 2019. The Company will be providing an
update news release on the status of filing its first quarter filings by August
29, 2020.
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
Hear Investor ideas cannabis potcast on iTunes
Hear the investor ideas potcast on Spotify
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
