Cannabis stock news for investors

Friday 4 June 2021

New stocks in psychedelics (CSE: $MYND.C), defense, green, sports (CSE: $GET.C), health & wellness and plant-based/vegan (CSE: $VEGI.C)

New #Stocks to Watch at Investor Ideas in Mining (CSE: $PRR.C) (CSE: $BDN.C) (CSE: $GMC.C) (CSE: $PLLR.C) and Tech (Nasdaq: $TSP) (NYSE: $COMP)

New stocks in psychedelics (CSE: $MYND.C), defense, green, sports (CSE: $GET.C), health & wellness and plant-based/vegan (CSE: $VEGI.C)

Point Roberts WA, Delta BC, June 4, 2021 – (Investorideas.com Newswire) Investorideas.com, a global news source and leading retail investor and trader resource, announces its weekly roundup of stocks to watch in psychedelics, tech, defense, green, mining, sports, health & wellness and plant-based/vegan. Today’s stocks have been added to our lists of free stock directories in each sector.

Read this in full at https://www.investorideas.com/news/2021/main/06041Stocks.asp

Once again, a number of new companies are recent Nasdaq/NYSE Ipo’s.

Also new are companies recently listed on the Canadian Stock Exchange (CSE).

New Stocks added to Mining Stocks Directory:

Prospect Ridge Resources Corp. (CSE: PRR) is a mineral exploration company engaged in the identification, acquisition and exploration of mineral projects in North America.

Baden Resources Inc. (CSE; BDN) is a mineral exploration company focused on the acquisition, exploration and development of mineral properties in Canada and the USA.

Gaia Metals Corp. (CSE:GMC) is a mineral exploration company focused on the acquisition and development of mineral projects containing base and precious metals, including platinum group elements, and lithium

Forty Pillars Mining Corp. (CSE:PLLR) is a Vancouver, B.C. based mineral exploration company focused on exploring the Silver Dollar Project located in the Greenwood Mining Division, B.C.

New Stocks added to Tech Stocks Directory:

TuSimple Holdings Inc. (NasdaqGS:TSP) is a global autonomous driving technology company, headquartered in San Diego, California, with operations in Arizona, Texas, China, Japan and Europe. Founded in 2015, TuSimple is developing a commercial-ready Level 4 (SAE) fully autonomous driving solution for long-haul heavy-duty trucks. TuSimple aims to transform the $4 trillion global truck freight industry through the company's leading proprietary AI technology, which makes it possible for trucks to see 1,000 meters away, operate nearly continuously and consume 10% less fuel than manually driven trucks.

Compass, Inc. (NYSE:COMP) is a leading real estate technology company, providing an end-to end platform that empowers its residential real estate agents to deliver exceptional service to seller and buyer clients. The platform includes an integrated suite of cloud-based software for customer relationship management, marketing, client service, brokerage services and other critical functionality, all custom-built for the real estate industry. Compass agents utilize the platform to grow their business, save time and manage their business more effectively

New Stocks added to Psychedelics Stocks Directory:

MYND Life Sciences Inc. (CSE: MYND) is a leading life sciences company focused on improving mental health. The Company has confirmed access to Health Canada psilocybin research and development through licenses to Chief Science Officer, Dr. Wilfred Jefferies. Patents have been filed based on therapeutic approaches to treat diseases of the Central Nervous System using neuroactive agents including psychedelics and other compounds. Research and development is currently underway.

New Stocks added to Defense Stocks Directory:

IDEX Biometrics ASA (NasdaqGS:IDBA) is a leading provider of fingerprint identification technologies offering simple, secure, and personal touch-free authentication for all. We help people make payments, prove their identity, gain access to information, unlock devices, or gain admittance to buildings with the touch of a finger. We invent, engineer, and commercialize these secure, yet incredibly user-friendly solutions. Our total addressable market represents a fast growing multi-billion-unit opportunity.

New Stocks added to Green Stocks Directory:

Karat Packaging Inc.(NasdaqGS:KRT) is a specialty distributor and manufacturer of a wide range of environmentally friendly, disposable foodservice products and related items, primarily used by national and regional restaurants and in foodservice settings throughout the United States. Its products include food and take-out containers, bags, tableware, cups, lids, cutlery, straws, specialty beverage ingredients, equipment, gloves and other products. The Company’s eco-friendly Karat Earth® line offers quality, sustainably focused products that are made from renewable resources. Karat Packaging also offers customized solutions, including new product development and design, printing, and logistics services.

New Stocks Added to Sports Stocks Directory:

GameOn Entertainment Technologies Inc. (CSE:GET) empowers sports and entertainment content-providers - broadcasters, TV networks, leagues and teams - with the world's most accessible and rewarding shared-viewing experiences via gamification, collectibles and other innovative technologies. On our team and board include leaders from EA Sports, Take-Two Interactive, Comcast, Dapper Labs and the Brooklyn Nets.

New Stocks added to Health & Wellness Stock Directory:

Element Nutritional Sciences Inc. (CSE: ELMT) is an innovative and research driven Canadian nutraceutical company specializing in the development of science based products for the global consumer packaged goods market, with a portfolio focused specifically on men and women over the age of 50. Element’s lead product, Rejuvenate, is a proprietary formulation that is clinically proven to assist in the rebuilding, restoration and rejuvenation of natural loss of muscle mass due to aging or other medical conditions. Element also offers JAKTRX, an elite brand of performance supplements. Element was founded in 2015 and is located in Burlington, Ontario.

New Stocks added to Plant-based/Vegan Stock Directory:

Boosh Plant-Based Brands Inc. (CSE: VEGI) is a Canadian company bringing fast and convenient plant-based comfort foods to the whole family. Boosh believes that going plant-based doesn’t mean you need to give up your favourite foods or flavour.

The directories are not meant as recommendations but as a research tool to discover opportunities and trading ideas in a particular sector.

Investors can trade these stocks and other ideas on our site using our list of top stock trading apps including Robinhood, Acorn, Stash and others.

About Investorideas.com - News that Inspires Big Investing Ideas

Investorideas.com publishes breaking stock news, third party stock research, guest posts and original articles and podcasts in leading stock sectors. Learn about investing in stocks and get investor ideas in cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy, gaming and more. Investor Idea’s original branded content includes podcasts and columns : Crypto Corner , Play by Play sports and stock news , Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast , Cleantech and Climate Change , Exploring Mining , Betting on Gaming Stocks Podcast and the AI Eye Podcast.

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 and the AI Eye.

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Thursday 3 June 2021

Psychedelic Stock News: Psyched Wellness (CSE: PSYC) Hires Ad Agency, dacs Marketing to Build the Branding and Marketing Strategy for AME-1

Wednesday 2 June 2021

Cannabis Stock News: Canadabis Capital Inc. (TSXV: CANB) Announces Commercially Reasonable Efforts Marketed Prospectus Offering of Units up to $5 Million, Concurrent Private Placement, Share Swap and Refinancing of Mortgage Facilities

Cannabis Stock News: Canadabis Capital Inc. (TSXV: CANB) Announces Commercially Reasonable Efforts Marketed Prospectus Offering of Units up to $5 Million, Concurrent Private Placement, Share Swap and Refinancing of Mortgage Facilities

Cannabis Stock News: Fiore Cannabis (CSE: FIOR) Announces First Quarter 2021 Financial Results Showing Progress of Company Turnaround

Investor Ideas Potcasts 571, Cannabis News and Stocks on the Move; (OTC: $ROSN), (TSXV: $HITI.V) (NASDAQ: $HITI), (TSX: $CWEB.TO) (OTCQX: $CWBHF), (NYSE: $HEXO) (TSX: $HEXO.TO)

Investor Ideas Potcasts 571, Cannabis News and Stocks on the Move; (OTC: $ROSN), (TSXV: $HITI.V) (NASDAQ: $HITI), (TSX: $CWEB.TO) (OTCQX: $CWBHF), (NYSE: $HEXO) (TSX: $HEXO.TO)

Delta, Kelowna, BC, June 2, 2021 (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/2021/060221-StocksToWatch.mp3

Read this in full at https://www.investorideas.com/news/2021/cannabis-potcasts/06021ROSN-HITI-CWEB-HEXO.asp

Hear Investor ideas cannabis potcast on iTunes

Hear the investor ideas potcast on Spotify

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 public company announcements.

ROSINBOMB (OTC:ROSN), industry leading developer and manufacturer of the highly acclaimed ROSINBOMB line of solventless extraction presses and Industry Icon Tommy Chong, recently announced their exclusive collaboration to offer consumers a custom Tommy-art skinned Rosinbomb Rocket.

In celebration of the launch, Tommy was a featured guest on CannabisRadio.com’s Blunt Business Show which can be heard here.

During the interview Tommy expressed his excitement for this exclusive collaboration in which his personal artwork and handwritten signature adorn each Rosinbomb Tommy Chong Rocket, “This rosin press does everything people use to do manually.” He stated., “This rosin press eliminates all the heavy labor, work, time and everything else and you get the purest of the pure!” he added as reference to Rosinbomb’s mission of enabling consumers to craft pure solventless extract.

Rosinbomb’s CEO, Fred Angelopoulos said, “Tommy Chong stands among the very few true Industry and Cultural icons within our industry. He has touted the healing and wellness benefits of cannabis for almost 50 years and has been a leader in the industry.” Angelopoulos continued, “It has been our true pleasure and honor to have partnered with Tommy on this project and we look forward to future collaborations that celebrate Tommy, our products and the customers who appreciate us both.”

Ryan Mayer, Founder & President of Rosinbomb said, “Working with Tommy Chong is a testament to his legacy and our future. We are overjoyed at the positive response we’ve received from his fans and our collective customers. Mayer added, “Tommy is a legend and we felt strongly that our first collaboration with an influential figure in the industry should be with someone who is not just an ‘influencer’ but who is and always will be an icon and a champion for cannabis consumers the world over.”

The Tommy Chong Rocket priced at $549, is a limited offering and the presses will be individually hand signed by Tommy as part of a numbered collectible edition available exclusively at www.rosinbomb.com.

ROSINBOMB continues to be celebrated by experts and leading media outlets. Forbes.com called the Rocket ‘Revolutionary Technology That Creates Perfect THC/CBD Rosin Every time’ and Tech expert website Engadget named the Rocket ‘The Panini Press Of Weed.’

To view the complete line of Rosinbomb presses and accessories please visit http://www.rosinbomb.com.

To view all the other exciting and engaging products from Tommy Chong. Please visit https://tommychong.com.

High Tide Inc. (TSXV: HITI) (NASDAQ: HITI), a retail-focused cannabis corporation enhanced by the manufacturing and distribution of consumption accessories, announced that the Company's common shares commenced trading today on the Nasdaq Capital Market under the ticker symbol "HITI". The Company's Nasdaq listing is expected to increase access to investment in High Tide from retail and institutional investors around the world. Furthermore, with access to a much larger capital market, the Company expects to improve liquidity for its Common Shares and, in turn, optimize its cost of capital.

High Tide continues to retain its listing on the TSX Venture Exchange under the symbol "HITI". The ticker used for the Common Shares traded on the OTC Markets quotation system under the current symbol "HITID" has been seamlessly transferred to the new ticker symbol "HITI".

Furthermore, as of today, High Tide is the first major publicly traded cannabis retailer to begin trading on the Nasdaq.

"The listing of the Common Shares on the Nasdaq represents a milestone in the retail cannabis industry and demonstrates the realization of our efforts in turning High Tide into a first-class cannabis retailer," said Raj Grover, President and Chief Executive Officer of High Tide. "High Tide's listing on the Nasdaq gives us access to one of the world's largest capital markets and is in alignment with our long-term goals of enhancing shareholder value by increasing liquidity, optimizing our cost of capital, while furthering High Tide's appeal to international and institutional investors," added Mr. Grover.

Charlotte's Web Holdings, Inc. (TSX: CWEB) (OTCQX: CWBHF), the market leader in hemp CBD wellness products and a Certified B Corporation, today announced the collaboration of its CW Labs division on a preclinical sleep and anxiety study with the University of Colorado-Boulder's REACH (Research and Education Addressing Cannabis and Health) Center. The scientific investigation uses the Company's full spectrum hemp formulations with CBN (cannabinol) and CBD (cannabidiol) and levels of THC below 0.3% to examine the impact on anxiety and sleep quality. The Company is the only hemp CBD brand supporting the University of Colorado REACH Center's milestone study.

There is limited published preclinical or clinical data on phytocannabinoids other than CBD and THC, especially their effect at levels available in commercially sold hemp-derived CBD supplements. There is some anecdotal evidence on the ability of CBN to help with sleep but little substantiated clinical or preclinical evidence to validate these pervasive claims. Long term, it is anticipated that this study will inform future clinical initiatives to better understand how specific ratios of cannabinoids and different delivery formats are effective at supporting improved sleep quality and instilling healthier sleep architecture in humans.

"Charlotte's Web is committed to advancing science on the benefits and safety of CBD and other hemp phytocannabinoids through rigorous scientific investigations such as this sleep and anxiety study," said Tim Orr, Senior Vice President of Charlotte's Web and President of its CW Labs division, which currently has more than a dozen scientific research studies underway.

"We're honored to team up with CU's REACH Center to explore the potential impacts of full-spectrum hemp extract with CBD and CBN on anxiety and sleep quality."

Monika Fleshner, PhD, Professor of Integrative Physiology, and a member of the Center for Neuroscience at the University of Colorado – Boulder is the project lead, and this preclinical study will be conducted in her Stress Physiology Laboratory.

"There is a great need for properly controlled experimental studies that are designed to test the potential neural and physiological impacts of hemp derived phytocannabinoids. With support from CU REACH and Charlotte's Web, our research will explore both the efficacy and mechanisms of how these substances can affect complex brain-mediated behavior, such as disturbed sleep."

HEXO Corp. (NYSE: HEXO) (TSX: HEXO) , an Ottawa, Ontario-headquartered consumer packaging goods cannabis company, announced a definitive agreement to acquire Redecan, Canada’s largest privately owned licensed producer. HEXO promoted the C$925-million deal as one that will help propel the company to its goal of being the No. 1 licensed producer by market share in Canada.

This acquisition follows two other major deals by HEXO this year, including all-share acquisitions of Zenabis Global Inc. to the tune of $235 million in February and 48North Cannabis Corp. for $50 million earlier this month.

Founded in 2013, HEXO’s $925-million acquisition of Redecan will be its largest deal yet, CEO Sébastien St-Louis told Cannabis Business Times.

“Well, I’ve never been afraid of price tags,” he said. “What I look for is what’s the fundamental value. [Redecan] had the best growth in the whole industry. So, 169 percent growth year-over-year. They’re the most profitable licensed producer in the industry. And there was a beautiful product overlap. So, from that perspective, it was a hard opportunity to say no to.”

When the transaction closes—expected in the third quarter of 2021—HEXO will hold approximately 17% of the adult-use market share in Canada, according to St-Louis. That percentage, he believes, would provide HEXO a bigger piece of the Canadian market than the Tilray-Aphria combo, which closed a megadeal earlier this month, he said.

In particular, HEXO will hold top market-share positions in Canada’s four largest markets: Alberta, British Columbia, Ontario and Quebec. Those four provinces represent approximately 85% of Canada’s population.

Under the terms of their share purchase agreement, HEXO will pay Redecan shareholders $400 million in cash and $525 million through the issuance of HEXO common shares at an implied price of $7.53 per share.

Redecan has not traditionally had access to the Quebec market, which is where HEXO was founded. Meanwhile, Redecan is far ahead of HEXO in the Ontario market, St-Louis said. From a distribution perspective, there are different retailers and government entities that control those markets.

Also making Redecan attractive to HEXO is its consumer loyalty, St-Louis said.

Redecan is ranked No. 1 in the purchase-to-loyalty conversion metric, with 44% of consumers who purchase Redecan indicating they would repurchase the brand, according to Brightfield Group’s brand health portal for Canada. Redecan is also ranked in the top 10 for converting consumers from awareness to purchase rate, indicating an overall healthy funnel, according to Brightfield data that is fielded quarterly via consumer survey and is normalized on age, gender and province.

“Redecan’s unwavering focus on the consumer, along with lean operating principles and highly efficient automated manufacturing technology, have allowed us to establish a significant presence in the Canadian market,” Redecan co-founder Will Montour said in the press release announcing the acquisition. “We’ve now entered a phase where scale is key, and our complementary consumer bases, brand portfolios and distribution relationships can enhance financial performance.”

“We really didn’t step on each other’s toes,” he said. “The crown jewel from an intellectual property perspective is their ‘Redees.’ They have put together a technology to make marijuana cigarettes that [are] the best in the world. So, bringing that in as an offering that we then as HEXO can bring into the United States is very exciting.”

HEXO and Redecan’s combined strengths should provide a platform for global growth, leveraging HEXO’s international reach, St-Louis said. HEXO already has a foot in the U.S. market with CBD beverages available in Colorado under its Truss Beverages brand.

While the Canadian market has a bright future, HEXO is positioning itself for future expansion in the U.S. and Europe with the intention of becoming one of the top three largest cannabis companies in the world, St-Louis said.

“If we just hold our market share in Canada, Canadian markets should grow two to three times over the next few years,” he said. “So, there’s a lot of upside just in Canada. But we’re quite focused on the United States right now. We think that there’s an opportunity for us to take a lot of our intellectual property and export that to the United States. So, [we want] to take our product line and do things like pre-rolls for the multistate operators and do things like hash for the multistate operators.”

The acquisition is pending approval from the Competition Bureau Canada as well as HEXO shareholder voters, which St-Louis said he foresees as favorable in closing the transaction.

“Joining the HEXO team will leverage our combined strengths and accelerate our growth within Canada and internationally,” Redecan co-founder Pete Montour said in the press release. “We look forward to building a leading global organization together.”

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

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About Investorideas.com - News that Inspires Big Investing Ideas

Investorideas.com publishes breaking stock news, third party stock research , guest posts and original articles and podcasts in leading stock sectors. Learn about investing in stocks and get investor ideas in cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy, gaming and more. Investor Idea’s original branded content includes podcasts and columns : Crypto Corner , Play by Play sports and stock news , Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast , Cleantech and Climate Change , Exploring Mining , Betting on Gaming Stocks Podcast and the AI Eye Podcast.

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Tuesday 1 June 2021

Investor Ideas #Potcasts 570, #Cannabis News and #Stocks on the Move; (TSXV: $NRTH.V) (TSX: $WEED.TO) (NASDAQ: $CGC) (TSX: $HEXO.TO) (NYSE: $HEXO) (OTCQB: $DIGP)

Investor Ideas #Potcasts 570, #Cannabis News and #Stocks on the Move; (TSXV: $NRTH.V) (TSX: $WEED.TO) (NASDAQ: $CGC) (TSX: $HEXO.TO) (NYSE: $HEXO) (OTCQB: $DIGP)

Delta, Kelowna, BC, June 1, 2021 (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/2021/060121-StocksToWatch.mp3

Read this in full at https://www.investorideas.com/news/2021/cannabis-potcasts/06011NRTH-WEED-CGC-HEXO-DIGP.asp

Hear Investor ideas cannabis potcast on iTunes

Hear the investor ideas potcast on Spotify

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 public company announcements.

48North Cannabis Corp. (TSXV: NRTH), a brand-led, vertically integrated Licensed Producer focused on manufacturing an expansive portfolio of high quality, accessibly priced products available across the country, has released its financial and operating results for the third quarter ended March 31, 2021. The Company's financial statements and related management discussion and analysis for the period are available on the Company's SEDAR profile at www.sedar.com and on the Company's website at www.48nrth.com/investors.

Financial and Operating Highlights for Fiscal Q3 2021

● On May 17, 2021, the Company and Hexo Corp. ("Hexo") entered into a definitive arrangement agreement whereby Hexo will acquire all of 48North's issued and outstanding common shares in an all-share transaction valued at approximately $50 million on an enterprise value basis.

● Quarterly revenue of $5.2 million, representing a 94 per cent year-over-year increase over third quarter 2020 revenues of $2.6 million.

● Adjusted EBITDA1 loss for the quarter was $7.7 million compared to a loss of $6 million in Q3 2020.

● Closed on April 16, 2021 an overnight marketed public offering for total gross proceeds of approximately $5.4 million.

● The Company launched seven new SKUs during the quarter and the SKUs have experienced high-demand from both retailers and consumers.

● Ceased operations at its "Good:Farm" outdoor cultivation facility.
1 Adjusted EBITDA is a Non-IFRS financial measures. Refer to the Non-IFRS Measures section in the MD&A for the definition.

"Our strategy of putting consumers first, working hand in glove with wholesalers and retailers to commercialize our products, and investing in a leading supply chain means 48North is in a strong position for the future" said Charles Vennat, CEO of 48North. "The combination with Hexo should deliver meaningful synergies that are beneficial to our shareholders, customers, partners, and stakeholders."

HEXO Corp. (TSX: HEXO) (NYSE: HEXO) and Zenabis Global Inc. (TSX: ZENA) announced that they have completed the previously announced arrangement, pursuant to which HEXO has acquired all of the issued and outstanding common shares of Zenabis by way of a plan of arrangement under the Business Corporations Act (British Columbia).

"Today is another great day for HEXO," said HEXO CEO and co-founder Sebastien St-Louis. "With the acquisition of Zenabis, we are actively positioning HEXO for future expansion in Canada, Europe and beyond. This deal will strengthen our domestic brands, offer a foothold in Europe and provide significant accretive synergies as we continue towards our goal of becoming EPS positive and a top-three global cannabis products company."

Under the terms of the Arrangement, each former Zenabis shareholder is now entitled to receive 0.01772 of a common share in the capital of HEXO (each whole share, a "HEXO Share") for each Zenabis Share held immediately prior to the Arrangement (the "Consideration"). It is anticipated that the Zenabis Shares will be de-listed from the Toronto Stock Exchange (the "TSX") as of the close of trading on or about June 2, 2021.

In order to receive the Consideration, registered holders of Zenabis Shares will be required to deposit their share certificate(s) representing Zenabis Shares, together with a duly completed letter of transmittal, with TSX Trust Company, the depositary under the Arrangement. Shareholders whose Zenabis Shares are registered in the name of a broker, dealer, bank, trust company or other nominee should contact their nominee regarding the receipt of the Consideration.

Further information about the Arrangement is set forth in the materials prepared by Zenabis in respect of the special meeting of Zenabis shareholders held on May 13, 2021 (the "Meeting"), which were mailed to Zenabis shareholders and filed under Zenabis' profile on the System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com.

Canopy Growth Corporation (TSX: WEED) (NASDAQ: CGC) today announced its financial results for the fourth quarter and Fiscal Year 2021 ended March 31, 2021. All financial information in this press release is reported in Canadian dollars, unless otherwise indicated.

"During Fiscal 2021, Canopy Growth transformed into a CPG-modelled organization, reinforcing a foundation for sustained growth and long-term success. By leveraging consumer insights and innovation to deliver best-in-class products, Canopy Growth is positioned to achieve our goal of unleashing the power of cannabis to improve lives," said David Klein, CEO, Canopy Growth. "We are starting to see strong momentum across all of our key businesses and remain firmly focused on capitalizing on U.S. opportunities in Fiscal 2022."

"We made tremendous progress improving our supply chain and right-sizing our manufacturing footprint, bringing supply and demand into balance," added Mike Lee, CFO. "Our cost savings program is on track to deliver $150-$200 million of savings within the next 18 months, and we remain committed to our path to profitability by the end of Fiscal 2022, while continuing to invest in an organization that is focused on insights, innovation and gaining momentum in the U.S. market."

Some of the Fourth Quarter and Fiscal Year 2021 Business & Operational Highlights included:

● Canopy Growth continues to build momentum across its key product lines in Canada:

○ In Flower, the Company maintained #1 market share in the total flower category in Canadian recreational market during Q4 2021, capturing over 19% share of the market. Twd. exited FY 2021 as the #1 flower brand in Canada, with the brand capturing 6 out of top 10 SKUs. During Q4 2021, the Company's premium flower brands combined to capture a leading 10.9% share of the premium flower segment in Canada. The Company launched its first Quebec-exclusive brand, Vert, supported by multiple Quebec-grown strains, Green Cush and Sour Kush, and Tweed lineage-strain named flower products in Ontario during Q4 2021.

○ In Vapes, the Company strengthened its positioning in the Canadian vape market with the transition to 0.5 ml 510 cartridges during Q4 2021. The addition of Ace Valley vape products to the Company's portfolio allows Canopy to immediately capture the #3 market share for vapes in Canada and the #1 market share for all-in-one vapes in Q4 FY 2021.

○ In Beverages, The Company launched a portfolio of THC beverages in the Canadian recreational cannabis market during FY 2021, capturing 35% dollar share of the total beverage category during the full year. Canopy Growth launched Quatreau CBD beverages in Canada in Q3 2021 and captured #1 market share in Canada since launch. In Q1 2022, Canopy has expanded its portfolio of THC beverages with Tweed Iced Tea beverages (available in lemon and raspberry flavors, both with 5 mg THC) now shipping.

○ In Edibles, the Company launched Twd. Strawberry gummies in Ontario in Q4 2021 with nationwide distribution rolling out in Q1 2022.

○ The acquisition of Ace Valley and the planned acquisition of Supreme Cannabis are expected to solidify Canopy's leadership in the Canadian recreational market, with the pro-forma market share of 18.1 % in Q4 2021, based on Canopy's internal market share data.

Digipath, Inc. (OTCQB: DIGP), a service-oriented independent analytical testing laboratory company focused on the cannabis and hemp markets, announced today that it has entered into a purchase agreement to acquire a full suite of cannabis and hemp laboratory testing equipment, with plans to have a lab operational in the Coachella Valley of California as soon as the end of this calendar year.

Todd Denkin, Digipath Founder, said, “We are delighted to be launching our strategy to become a multi-state operator (MSO) of cannabis testing labs. We have recently entered into an agreement to purchase critical testing equipment for the lab we are preparing to open in California. Nevada started with very strict mandatory testing regulations, and now California has built on that, which serves as the model for most other states. We expect to leverage our experience in Nevada to help us launch our California operations.”

According to a report by leading industry researchers, Arcview Market Research and BDS Analytics, California is the largest legal cannabis market in the world; and the state’s residents are the 3rd largest consumers of cannabis in the world. California requires all cannabis products to receive a Certificate of Analysis from a state-licensed testing lab prior to distribution, making California’s testing market the fastest-growing segment within the cannabis industry.

California’s Bureau of Cannabis Control (BCC) estimates that over 100 Certified Analytical Testing Labs are needed to meet current demand in the state. As of last year, only 35 such certified labs were operating in California (down from a peak of 62 in 2019). The result is a severe shortfall of laboratory capacity in California, the nation’s largest cannabis market.

“We have positioned Digipath as a premium laboratory brand built upon established best practices in science, service and customer care. This approach differentiates Digipath from the vast majority of existing testing labs in the cannabis market,” said Bruce Raben, Digipath Chairman. “With our first profitable quarter just completed and the Covid -19 pandemic mostly behind us, we believe we are well positioned to begin to execute our MSO strategy, taking advantage of economies of scale within a soaring cannabis market.”

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Investorideas.com newswire, breaking news for marijuana, cannabis and hemp stocks

Friday 4 June 2021

New stocks in psychedelics (CSE: $MYND.C), defense, green, sports (CSE: $GET.C), health & wellness and plant-based/vegan (CSE: $VEGI.C)

Thursday 3 June 2021

Psychedelic Stock News: Psyched Wellness (CSE: PSYC) Hires Ad Agency, dacs Marketing to Build the Branding and Marketing Strategy for AME-1

Wednesday 2 June 2021

Cannabis Stock News: Canadabis Capital Inc. (TSXV: CANB) Announces Commercially Reasonable Efforts Marketed Prospectus Offering of Units up to $5 Million, Concurrent Private Placement, Share Swap and Refinancing of Mortgage Facilities

Cannabis Stock News: Fiore Cannabis (CSE: FIOR) Announces First Quarter 2021 Financial Results Showing Progress of Company Turnaround

Investor Ideas Potcasts 571, Cannabis News and Stocks on the Move; (OTC: $ROSN), (TSXV: $HITI.V) (NASDAQ: $HITI), (TSX: $CWEB.TO) (OTCQX: $CWBHF), (NYSE: $HEXO) (TSX: $HEXO.TO)

Tuesday 1 June 2021

Investor Ideas #Potcasts 570, #Cannabis News and #Stocks on the Move; (TSXV: $NRTH.V) (TSX: $WEED.TO) (NASDAQ: $CGC) (TSX: $HEXO.TO) (NYSE: $HEXO) (OTCQB: $DIGP)

Drug Enforcement Agency (DEA) Reschedules Cannabis from Schedule I to Schedule III

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