Investor Ideas #Potcasts 518, #Cannabis News and #Stocks on the Move; (OTCQX: $SBVCF) (NYSE: $ACB) (TSX: $ACB.TO)
Delta, Kelowna, BC, January 15, 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/2021/011521-StocksToWatch.mp3
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at https://www.investorideas.com/news/2021/cannabis-potcasts/01151SBVCF-ACB.asp
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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.
TPCO
Holding Corp. (OTCQX:
SBVCF), formerly known as
Subversive Capital Acquisition Corp., today
announced the completion of its qualifying transaction to
acquire CMG Partners Inc., and Left Coast Ventures, Inc. with global icon,
entrepreneur and MONOGRAM founder, Shawn
"JAY-Z" Carter and
entertainment powerhouse Roc Nation.
Common Shares and Warrants are now
trading on the NEO Exchange under the symbols "GRAM.U" and
"GRAM.WT.U", respectively, and remain trading on the OTCQX under the
symbols "SBVCF" and "SBVQF," respectively. Beginning
January 19, 2021, the OTCQX symbol "SBVCF" will change to
"GRAMF."
Shawn "JAY-Z" Carter, The
Parent Company's Chief Visionary Officer, said, "This is an incredible
time for this industry. The end of cannabis prohibition is here, and The Parent
Company will lead the charge to a more expansive and inclusive cannabis
industry. We are paving a path forward for a legacy rooted in dignity, justice,
care, and consistency. The brands we build will redefine growth, social impact,
and social equity. This is our time. I'm proud and excited to lead the vision
of The Parent Company."
Michael Auerbach, Chairman of SCAC
and The Parent Company, added, "This is an industry defining moment. With
its experienced management team, advanced infrastructure, industry leading
operational efficiencies, proven strategy of brands, and cultural influence,
The Parent Company will help shape the future of cannabis in the U.S. and
beyond as well as begin to repair and rectify the wrongs of prohibition."
Steve Allan, The Parent Company's
CEO, said, "With both the most comprehensive vertically integrated
platform and brand portfolio in California, and the healthiest balance sheet in
cannabis, we will reshape the industry in the world's largest cannabis
economy."
For transaction details, investors
and security holders may obtain a copy of the final prospectus (the
"Prospectus") associated with the Transaction on SEDAR at www.sedar.com and
SCAC's website at www.subversivecapital.com/s/Prospectus.
Effective on closing, the senior
management team and board of directors were reconstituted as follows:
● Steve
Allan as Chief Executive Officer
● Brett
Cummings as Chief Financial Officer and President of Left Coast Ventures
● Dennis
O'Malley as Chief Operating Officer and President of Caliva
● Shawn
"JAY-Z" Carter as Chief Visionary Officer
● Desiree
Perez as Chief Social Equity Officer
● Drew
Kornreich as Chief M&A Officer
● Colin
Brown as Chief Legal Officer
● John
Figueiredo as President of SISU
Board of Directors:
● Carol
Bartz, former CEO of Yahoo! and Autodesk
● Al
Foreman, Partner of Tuatara Capital
● Daniel
Neukomm, CEO of La Jolla Group
● Jeffry
Allen, Director of Barracuda and former Director of NetApp
● Leland
Hensch, CEO of SCAC
● Michael
Auerbach, Founder and Chairman of SCAC
The
Parent Company Investment Highlights
● Proven Business Model – The
Parent Company (TPCO) is a fully vertically integrated platform with
cultivation, manufacturing, distribution, brands, retail and delivery to
support further brand development and an aggressive M&A strategy. TPCO
expects pro forma revenues of $334 million in 2021.
● Progressive Operational Platform – TPCO
owns its supply chain, enabling the company to leverage scale and profitably
produce and distribute a broad portfolio of cannabis products for every
consumer segment. The vertically integrated, omnichannel strategy maximizes
gross profit and EBITDA margins, scales consumer reach, generates proprietary
consumer data, and beats the illicit market on price, quality, and convenience.
● Omnichannel Platform – TPCO's
scalable omnichannel business offers customers convenient express or scheduled
delivery, and in-store or curbside pick-up, all through a single user-centric
e-commerce platform, Caliva.com. This omnichannel e-commerce platform, offering
both a robust portfolio of high-margin owned brands as well as third-party
brands, allows The Parent Company to rapidly scale its direct-to-consumer reach
to all Californians. Coupled with its powerful sourcing and low-cost
manufacturing capabilities, this omnichannel platform offers consumers across
California compelling pricing and convenience while remaining profitable.
● Exclusive Brand Partnerships and Leading
Cultural Influence – Brand
strategy and marketing playbook led by Shawn "JAY-Z" Carter and Roc
Nation, leveraging unparalleled cultural influence of leading artists and
entertainers to build the most valuable and scalable brand portfolio in
cannabis. JAY-Z officially launched the first his flagship cannabis line,
MONOGRAM, on December 10, 2020.
● Unrivaled Consumer Reach – TPCO currently reaches over 50% of
consumers in California through Caliva.com, its existing direct-to-consumer
platform. The Parent Company will have the greatest consumer reach of any
cannabis company in California, reaching 75% of consumers in the state by the
end of 2021 and almost 90% by the end of 2022 through scaling of its
omnichannel platform.
● Strong Balance Sheet –The
Parent Company is the most well-capitalized cannabis company in the United
States and will pursue an aggressive M&A strategy to accelerate growth,
market share gains, and profitability.
● Industry-Defining Social Impact – Led by Shawn "JAY-Z"
Carter, The Parent Company will fund The Parent Company Social Equity Ventures
with an initial target of $10 million and an annual contribution of at least 2%
of its net income to invest in minority-owned and Black-owned cannabis
businesses and contribute to the effort to rectify the wrongs of prohibition
through diversifying both the business leadership and workforce of the cannabis
industry. Beyond investing, the fund will also support organizations and
programs focused on diversifying the cannabis workforce through job fairs and
placement, industry training and education, as well as Social Equity
application support.
Aurora
Cannabis Inc. (NYSE:
ACB)
(TSX:
ACB),
the Canadian company defining the future of cannabinoids worldwide, announced that it
has entered into an agreement with Great North Distributors Inc. ("Great
North"), Canada's first national sales broker for legalized adult-use
cannabis. Under the agreement, Great North will be the exclusive representative
for Aurora's leading portfolio of brands across the Canadian cannabis retail
environment.
"The agreement is designed to
significantly bolster Aurora's market position in Canada. Great North brings
deep experience across the spectrum of sales capabilities that will further
differentiate Aurora as a leader in the growing cannabis space," said
Miguel Martin, CEO, Aurora Cannabis. "We have selected Great North for
their outstanding execution across regulated businesses. Combining their
executional strength with Aurora's leading portfolio of brands is a recipe for
success."
Great North has reach across every
province in Canada, including established relationships and expertise in
working with provincially-owned and operated retailers and private retailers in
Canada's cannabis industry. Great North applies industry-leading data analytics
capabilities to the sector, providing suppliers with a powerful data-driven
approach to cannabis sales.
"Adding Aurora to our portfolio
of companies we proudly represent is a signal of our market leadership,"
said Doug Wieland, President, Canada – Southern Glazer's Wine & Spirits and
Great North Distributors. "Great North has executed in the Canadian
cannabis market since day one and will immediately bring value in sales
execution to Aurora. Aurora has entrusted their family of brands in our team
and we look forward to delivering exceptional results."
Great North will assume
responsibility for Aurora's sales execution on January 25, 2021.
Lastly we look at Kansas, which may be on its way to
medical legalization, according to recent news.
Governor Laura Kelly (D) recently
expressed support for providing medical marijuana access, and
has further stated that she would also consider signing an adult use legalization
bill into law should it reach her desk. As lawmakers ramp up efforts to
legalize medical marijuana in the state in 2021, last week a spokesperson for
Gov. Kelly said: “As our state recovers from COVID-19, legalizing medical
marijuana is an innovative solution to increase state revenue and improve
Kansas’ overall health and economy. We must come up with a Kansas-specific
approach that’s well-regulated, controlled, and a collaborative effort with the
law enforcement community.”
It looks like Governor Kelly may
have such a bill in front of her desk sooner rather than later as in
recent news this Wednesday, a medical marijuana bill
was introduced with the support of the Kansas Cannabis Industry Association.
Kansas is currently one of 14 states
without legal access to medical marijuana though many supporters said they are
confident enough lawmakers would support the bill if it was voted on. They said
the bill would implement a regulated system, making sure the product is safe
and tax is collected.
Spencer Duncan, Executive Director
of the Kansas Cannabis Industry Association, said he thinks the bill may help
boost the economy.
“We don’t want to miss the economic
benefits of that, but we also don’t want to miss the true benefits that have
been discovered as other states have gotten into it, and that we’ve heard from
people firsthand even here in Kansas that have used it in other states and
that’s the number one priority,” Duncan said. “Helping people get medical
access to something that clearly has a beneficial effect.”
Investor ideas reminds all
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or securities. Investors are reminded all investment involves risk and possible
loss of investment.
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