Thursday 17 June 2021
Wednesday 16 June 2021
Investor Ideas #Potcasts 576, #Cannabis News and #Stocks on the Move; Interview with Co-CEO of Planet 13 Holdings Inc. (CSE: $PLTH.C) (OTC: $PLNHF)
Investor Ideas #Potcasts
576, #Cannabis News and #Stocks on the Move; Interview with Co-CEO of Planet 13
Holdings Inc. (CSE: $PLTH.C) (OTC: $PLNHF)
Delta, Kelowna, BC, June 16, 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/2021/061621-StocksToWatch.mp3
Read this in full
at https://www.investorideas.com/News/2021/cannabis-potcasts/06161PLTH-PLNHF.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 Investorideas interviews Bob Groesbeck, Co-CEO of Planet 13 Holdings Inc. (CSE: PLTH) (OTC: PLNHF), where we discussed the challenges
placed on the Nevada cannabis retail market during COVID, expectations for Las
Vegas later this year, how cannabis retail has evolved as well as the opening
of their new “SuperStore” in Santa Ana, California which is expected to open in
July 2021 and will be among the largest dispensaries in California, and it is
designed to deliver an immersive cannabis entertainment experience for
visitors, in addition to offering an extensive lineup of leading cannabis
brands.
When
asked about the last year and some of the challenges Planet 13 faced, Groesbeck
commented, “2020 was, to put it mildly, a challenging year, and hopefully we
will never see anything like that again. It forced us as a company to make some
drastic moves as we went from a store that was seeing 85% of our customers be
non Nevadans, to literally having the doors shut on us within 24 hours, and
then pivoting to 100% local customers through a delivery platform. That all
sounds good, but the reality was at the time we were used to doing maybe 20
deliveries a day. As an example, we made a decision to ramp up to meet the
anticipated demand on the delivery side, and we had to go out and secure 30
vehicles. We went from 30 deliveries within 60 days to close to 1000 a day. It
was challenging just to find car dealerships that were open. It was
logistically just a nightmare, but we have a fantastic management team here and
they rose to the challenge.”
Discussing
how things might change as tourism opens up again Groesbeck commented, “I think
the delivery platform is going to continue to be robust. From a tourist
perspective we are going to see those numbers gravitate back towards where they
were pre-COVID, so getting back up into that 85% tourist customers here at
Planet 13. For the delivery side, customers have become accustomed to that
service, and we think that's going to continue and that is basically equal to
another retail store. We think we’re going to have a very robust delivery
market in Southern California as we roll out that store, again it’s about
convenience.”
Groesbeck went on to discuss some of
the expansion plans for Planet 13 in Vegas in anticipation of this Fall and
Winter’s demand as well as the the recently passed bill 341 allowing existing
licensed dispensaries to operate a consumption lounge co-located with the
dispensary and how Planet 13 has reserved an expansive dedicated space within
the Las Vegas SuperStore for a consumption lounge which it will look to get
built as soon as possible.
"We are thrilled that after the
long wait, Nevada will finally be home to consumption lounges. We've long
believed that tourists needed a safe, legal, and enjoyable place to consume
cannabis and have been planning for a consumption lounge at the SuperStore
since the bill was originally proposed two years ago," said Bob Groesbeck
Co-CEO of Planet 13. "Our SuperStore is one of the only dispensaries with
the space on site and the proximity to the Las Vegas Strip to create a truly
Vegas style club. As with the rest of our dispensary we look forward to setting
the bar and showing the industry what is possible when your goal is to Out
Vegas, Vegas."
Groesbeck went on to dicuss not only
expansion and expectations surrounding their Vegas Superstore, but also plans
and expectations surrounding their new Superstore in Southern California which
is expected to open in July of this year.
The
Tinley Beverage Company Inc. (CSE:TNY) (OTC:TNYBF)just recently announced that its cannabis infused beverages
will be one of the inaugural brands to launch at Planet 13’s Orange County
SuperStore “P13 OC” at its expected grand opening in July 2021.
Planet 13’s SuperStore OC, located
at 3400 West Warner Ave Santa Ana, California, is planned as a 55,000
square-foot consumer experience, with 16,500 square-feet devoted to the
dispensary retail area. The remaining areas in the complex, to be built as
phases 2 and 3, are expected to include memorabilia sales, a restaurant and a
cannabis consumption lounge, all enhanced by additional immersive experiences.
With all 3 phases operating, P13 OC is expected to be California’s largest
dispensary complex. The Santa Ana store will be Planet 13’s second-largest
cannabis dispensary after its 112,000 square foot location in Las Vegas,
Nevada. The Orange County location is ten minutes south of Disneyland, four
miles from South Coast Plaza, the largest mall in Southern California, and only
1.5 stoplights from the 405 freeway. Planet 13 anticipates hiring 250 people
with an anticipated 80 budtenders serving consumers at the store at any given
time.
The store’s immersive cannabis
educational and entertainment experiences incorporate extensive visual special
effects, including “smoke”, large screen video displays and waterfalls. Planned
features include a Tinley’s branded midcentury-inspired mixology experience
involving beverage recipe demonstrations and, where permissible, tastings of
comparably concocted non-infused products.
Later this week, Tinley’s is hosting
approximately 80 of Planet 13’s budtenders and other key personnel at the
Company’s cannabis beverage manufacturing facility in Long Beach, California,
in order to provide the P13 OC dispensary team the in-depth product knowledge
that Planet 13 is committed to deliver to customers. Tinley’s believes its
facility is the largest and most versatile licensed cannabis beverage
manufacturing operation in California. Tinley’s own award-winning products as
well as those belonging to third-party brands are produced on the facility’s
bottling, canning and mini lines.
Expectations are high for their
Southern California store as their Vegas store continues to return to strong
sales numbers having just recently announced record sales in the month of May of
$11.2 million with gross margins above 50%. May represents the third
consecutive month of record sales as Las Vegas and America return to normal.
Hotels across the Las Vegas strip have reported having hotel rooms sold out for
the foreseeable future and Planet 13 expects continued strong sales on the back
of increased tourist traffic.
As
Groesbeck put it, “As my Co-CEO Larry Scheffler and I are fond of telling
everyone, Vegas is back!”
To find
out more information about Planet 13 Holdings Inc. click here.
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
To hear more
Investorideas.com podcasts visit: https://www.investorideas.com/Audio/.
The
Investorideas.com podcasts are also available on iTunes ( Apple Podcasts)
, Audible , Spotify, Tunein, Stitcher,
Spreaker.com, iHeartRadio , Google Play
Music and most audio platforms available.
Potcasts is now a certified
word mark Trademark on the blockchain through Cognate, Inc. CM
Certification-Registration Number: 10468217708
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.
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
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Tuesday 15 June 2021
Monday 14 June 2021
Investor Ideas #Potcasts 575, #Cannabis News and #Stocks on the Move -Interview with CEO of HEXO Corp. (TSX: $HEXO.TO) (NYSE: $HEXO)
Investor Ideas #Potcasts
575, #Cannabis News and #Stocks on the Move -Interview with CEO of HEXO Corp.
(TSX: $HEXO.TO) (NYSE: $HEXO)
Delta, Kelowna, BC, June 14, 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/2021/061421-StocksToWatch.mp3
Read this in full
at https://www.investorideas.com/news/2021/cannabis-potcasts/06141Interview-HEXO.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 Investorideas interviews Sebastien St- Louis, CEO and
Co-Founder of HEXO Corp. (TSX:
HEXO) (NYSE:
HEXO), where we discussed the company’s recent acquisition
streak, the company’s goals for expansion into the US as well as their aim to
be carbon neutral by September of this year.
Discussing
the last few months of acquisitions and growth St Louis commented, “we’re very
proud of all the work we’ve done at Hexo. We were the fastest growing public
company in the space, 94% growth year over year in our Q2, but that
unfortunately wasn’t enough. We had set an objective for ourselves to be top 2
in Canada, and that was about three years ago. On our own we’ve made the top 3
by acquiring Zenabis Global, then we
came across the most important acquisition that was left to do in Canada which
was Redecan. Redecan was the largest privately run LP in Canada and they had
even outperformed Hexo from a growth perspective, with 169% growth year over
year. Now with the combination of Hexo and Redecann, we are the number one LP
in the country by market share, with a leading 17% share.”
HEXO announced the
acquisition of Redecan back in May for a purchase price of $925 million payable
in cash and through the issuance of common shares of HEXO and subject to certain
customary adjustments.
St Louis continued, “According to Brightfield Research,
Redecan has the top brand in Canada from a consumer repeat purchase
perspective. They’ve done an absolutely phenomenal job of cultivating high
quality products and bringing that to the Ontario market as well as the rest of
Canada, outside of Quebec. So there’s a really beautiful overlap with Hexo’s
strategy of being first in Quebec looking to expand into the rest of Canada. By
putting these two together we are now the number one cannabis company in all
four core markets; Quebec, Ontario, BC and Alberta. Redecan has also done a
gorgeous job on their technology. Their preroll technology is second to none.
They’ve taken years of experience from the tobacco industry and have really
perfected the ability to bring a marijuana cigarette to life. They were #1 in
the preroll category, in the oil category and in the gel cap category. When we
looked at their portfolio it was great because we weren’t #1 in any of those
categories, we were #1 in beverages and Hash, but now when you put the two
companies together, we’re #1 in all of those categories. When you combine that
with some of the other products from the other acquisitions like Zenabis and 48
North, it's a truly remarkable product portfolio that really sets us up for US
entry.”
St Louis went on to discuss their
CBD beverage line in the US as well as their future plans for expanding into
other US states and working with other CPG companies in the future.
The company also recently announced their commitment to offsetting the Company’s
operational carbon emissions and the personal emissions of all 1,200
employees*, making HEXO 100% carbon neutral from September 2021 onwards. The
Company is also committing to offset the plastic used in their pouch packaging
through Plastic Bank® in partnership with Dymapak, HEXO’s primary packaging
supplier. These concrete actions highlight the Company’s early steps towards a
long-term commitment to leading the cannabis industry on Environmental, Social,
and Governance (ESG) action.
“We have always taken our
responsibility for sustainability seriously. Now, as we are on the verge of
becoming the top Canadian LP by recreational market share and continuing down
the path towards top three globally, it’s more important than ever to take
meaningful action to protect our planet – and this is just the start,” said
HEXO CEO and co-founder Sebastien St-Louis. “We are challenging ourselves and
the rest of the industry to do better, so in addition to becoming carbon
neutral by offsetting our operational emissions, we feel it is our obligation
to offset our employees' emissions as well.”
Through a partnership with Offsetters,
in support of the Great Bear Forest Project, HEXO will be measuring and
offsetting the Company’s corporate carbon emissions starting with its 2020
calendar year, making HEXO 100% carbon neutral by September 2021, as well as
offsetting their employees’ personal emissions*. The Great Bear Forest Carbon
Project reduces carbon emissions by protecting forests previously designated,
sanctioned or approved for commercial logging. Carbon finance supports the
local First Nations communities by generating stewardship jobs protecting the
Great Bear Rainforest - the largest intact coastal temperate rainforest
remaining in the world - and offsets the equivalent of one million tonnes of
carbon dioxide each year.
In conjunction with HEXO’s primary
packaging supplier Dymapak and its partnership
with Plastic Bank, the Company has offset 63,000 kilograms of plastic in 2021 -
the equivalent of over 3.15 million plastic bottles. HEXO will continue to
counteract the use of all plastic in its packaging. Plastic Bank builds ethical
recycling ecosystems in coastal communities and reprocesses the materials for
reintroduction into the global manufacturing supply chain. Collectors receive a
premium for the materials they collect to help them provide basic family
necessities such as groceries, school tuition and health insurance.
“Ocean plastic is a critical issue
with increasing challenges,” said Ross Kirsh, CEO at Dymapak. “Environmental
consciousness has never been more important and we’re proud to partner with
Plastic Bank and HEXO to mitigate the impact of child resistant bags and other
plastic packaging. It’s our hope that other businesses will turn interest into
action by committing to plastic neutrality.”
Offsetting HEXO’s carbon emissions,
the emissions of their employees, and counteracting the use of plastic
packaging are among the latest steps in the Company’s company-wide mission to
build a business that balances profit, people, and planet. HEXO will monitor
and publicly report on its greenhouse gas emissions, carbon neutrality, and its
continued efforts to improve sustainability. This includes minimizing waste at
facilities, moving towards a more virtual workforce, reducing carbon emissions
at production facilities, as well as exploring new sustainable packaging
materials that are more easily recyclable or biodegradable. The recent
acquisition of Zenabis and planned acquisitions of 48North and Redecan also
offer unique opportunities to integrate sustainable practices and grow the Company’s
positive impact along with their business.
For more information on these
efforts and how the Company continues to develop its ESG platform and
stakeholder relations to make a positive impact on the communities in which it
operates and globally, please visit https://www.hexocorp.com/environmental-social-governance.
St Louis also went on
to discuss future plans for product launches in the US, his expectations
surrounding the beverage sector of the cannabis industry as well as what his
favorite products are under the HEXO umbrella of products (Mollo and Reddies)
To find out more about
HEXO Corp. visit their website here.
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.
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
To hear more Investorideas.com podcasts visit: https://www.investorideas.com/Audio/.
The
Investorideas.com podcasts are also available on iTunes ( Apple Podcasts)
, Audible , Spotify, Tunein, Stitcher,
Spreaker.com, iHeartRadio , Google Play
Music and most audio platforms available.
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 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.
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
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