Investor Ideas #Potcasts
585, #Cannabis News and #Stocks on the Move- Interview with CEO of Province
Brands
Delta, Kelowna, BC, July 12, 2021 (Investorideas.com Newswire) www.Investoride, as.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/2021/071221-StocksToWatch.mp3
Read this in full
at https://www.investorideas.com/news/2021/cannabis-potcasts/07121Interview-Province-Brands.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 Jennifer Thomas, CEO of Province
Brands, where we discussed the last year of business for Province Brands, the
company's new partnerships and product capabilities as well as the cannabis
beverage sector in general.
Province Brands of Canada is a food
and beverage technology and branded products company that has developed a suite
of patented and patent-pending technologies enabling the creation of a better
class of plant-based sugars and fermentable beverages. Premium vegan and
gluten-free sugars and beverages can be crafted from non-starch plant material
and a variety of agricultural and food waste. When applied to beverages,
Province Brands' technology results in beers that are low calorie, low in
carbohydrates and gluten free.
When
asked about the last year of business Jennerier Thomas commented, “This is a
really exciting time for our company. For a lot of people, going through a
global upheaval was a really tough time but, for us as a company the pandemic
has been an interesting moment for us to pause in a way that we never would
have been able to before. For a long time our company has been focussed on one
singular goal and that goal and that goal was surrounding a technology we have.
That technology is taking leftover cannabis plants, everything after pruning
and trimming and everything seen as waste in cultivation, and turning that into
a premium product, mainly cannabis beer. Now in that pause that I mentioned
earlier, it was the first time that we took the technology that we had and
thought; what else could we do with it? So our science team got to work on
pivoting and that’s when we discovered that our technology had a lot of
applications we hadn’t thought of before, and a lot of applications outside of
cannabis.”
Thomas
continued saying, “Companies that have biomass don’t have to use our technology
to make beer, that technology can also turn it into a sugar syrup or you could
dilute it and create a ready to drink beverage.”
The company recently announced the
execution of a Subscription Agreement for a CAD$25 million investment
commitment from GEM Global Yield LLC SCS ("GEM"), the private
alternative investment group.
Under the agreement, GEM will
provide Province Brands with a Share Subscription Facility of up to CAD$25
million with a 36-month term provided that Province Brands' common stock is
listed on a major stock exchange. Province Brands will control the timing and
maximum amount of drawdowns under this facility and has no minimum drawdown obligation.
"We are excited to work with a
world-class partner such as GEM. This partnership will support our plans to
bring some really wonderful products to market," said Jennifer Thomas.
"We anticipate that this equity facility will help us complete construction
on our 123,000 SF facility in Grimsby, Ontario, and launch products using our
first-of-its-kind intellectual property. We are now exploring ways to list our
company's shares so that we can take advantage of this equity facility should
we choose to do so."
Province Brands of Canada currently
is exploring merger options with publicly listed companies. Following such a
merger, the Share Subscription Facility would become available to the combined
entity. Funds from the equity facility may be used to complete construction on
Province Brands' production facility and to fund the launch of premium
lower-glycemic index, vegan and gluten-free plant-based sugars and beverages
using Province Brands' patent-pending technology for converting cellulosic plant
materials such as agricultural byproduct into premium edible and fermentable
sugars.
In preparation for expected product
launches, Province Brands has submitted its Notice of New Cannabis Product to
Health Canada for its "YANDI FRESH" brand of grapefruit-ginger
seltzer with THC and submitted its notice to purchase to Ontario Cannabis
Stores.
Thomas
commented on the company’s recent new product capabilities, saying “we are
finally moving past just research and development, and we’ve got samples for
you to drink. We’ve got something that’s tangible and not just a patent written
down, or scientists telling you what could potentially happen. I’m proud of the
fact that we are now at that inflection point.”
Thomas
went on to discuss some of the other potential partnerships on the horizon, the
company’s interest in going public as well as general trends in the cannabis
beverage sector.
According
to the recent research report, the demand of global
Cannabis
in Food and Beverage Market size
& share expected to reach to USD 2,818 Million by 2026 from USD 684 Million
in 2020, at a compound annual growth rate (CAGR) of 26.6% during the forecast
period 2020 to 2026.
To
find out more information about Province Brands visit their website 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
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