Investor Ideas Potcasts #Cannabis News and Stocks on the Move: (TSX: $ACB.TO), (NYSE: $ACB), (CSE: $BE.C), (CSE: $PLTH.C), (TSX-V: $HIP.V)
CLS Holdings USA, Inc. (OTCQB: $CLSH) to attend #MJBizCon
Delta, Kelowna, BC - November 12, 2018 (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 and its exclusive content partner, CLS Holdings USA, Inc. (OTCQB: CLSH), release today’s edition of Investorideas.com potcastsCM - cannabis news and stocks to watch plus insight from thought leaders and experts.
Cannabis Life Sciences a diversified cannabis company operating as Cannabis Life Sciences and an integrated cannabis producer and retailer in Nevada through its Oasis Cannabis subsidiaries will be showcasing at MJBizCon this week in Las Vegas from November 14-16th.
Investorideas.com will be at MJBizCon this week at Podcast Row interviewing industry leaders and experts.
Listen to the podcast:
Investor Ideas Potcasts #Cannabis News and Stocks on the Move: (TSX:ACB), (NYSE: ACB), (CSE: BE), (CSE: PLTH), (TSX-V:HIP)
Today's podcast overview/transcript:
Good afternoon and welcome to another Investorideas.com Potcast – following Cannabis news, stocks to watch as well as insights from thought leaders and experts.
Today we will be looking at announcements from Beleave Inc. (CSE: BE) (OTCQX: BLEVF), Planet 13 Holdings Inc. (CSE: PLTH) (OTCQB: PLNHF), Aurora Cannabis Inc. (TSX:ACB) (NYSE: ACB) and Newstrike Brands Ltd. (TSX-V:HIP)
Beleave Inc. announced that it has secured genetics acquisition agreements for a broad range of cannabis seed varieties from diverse lineages.
There will be a total of 90 new varieties introduced in the coming year that have been selected to cover the entire spectrum of low, intermediate, and high THC and CBD profiles. The list includes well-known classic Sativa and Indica varieties with applications for both medical and adult recreational markets. Also included in the selection are a number of novel strains, not previously available in the Canadian market, which have been bred for select terpene profiles to offer distinct custom flavours and aromas.
Last week, Health Canada notified the Company that their existing license under the ACMPR had been updated for the new system reflecting the changes under the Cannabis Act.
In the coming months, Beleave will be completing construction and upgrades on new facilities in Ontario and British Columbia. Once completed, they will greatly increase the Company's production capacity allowing Beleave to help supply the demands of Canada's growing cannabis market.
"We are very happy with the new varieties being introduced and the potential they have for Beleave's future. Our master grower has been working tirelessly to select and secure these strains," said Beleave CEO, Andrew Wnek. "Our whole team has been working aggressively to bring us to this point. Whether it's our increasing production capacity, expanded global distribution, or these new cannabis varieties; Beleave is ready."
Planet 13 Holdings Inc., a leading vertically-integrated Nevada cannabis company, announced today that it has launched its second wholly-owned brand, TRENDI.
"The TRENDI line of products is specifically designed to appeal to our Las Vegas Strip tourist clientele," said Larry Scheffler, Co-CEO of Planet 13. "The design is based directly on the feedback we have received over the years from visitors to Las Vegas, who are uniformly seeking a sleek, compact, easy-to-use disposable vape and concentrate product that offers a premium feel and quality experience even if they are only in town for a few days."
TRENDI represents expertly crafted disposable vape and concentrate products that create the trend, not the other way around. Utilizing state-of-the-art hydro carbon extraction technology further refined by fractional distillation, TRENDI delivers an exceptionally high potency product that enables our premium customer base to stand out from the crowd.
Overseen by Planet 13's VP of Operations and award-winning grower Chris Wren1, TRENDI will be powered by a curated variety of strains, processed into ultra-premium disposable vapes and concentrates at Planet 13's production facilities. The TRENDI line of products will be exclusive to the Planet 13 Superstore.
Aurora Cannabis Inc., announced its financial and operational results for the first quarter ended September 30, 2018.
On October 17, 2018, sales of cannabis for adult consumer use in Canada, legalized through Bill C45, commenced. Aurora recorded a strong performance, ranking top or among the top selling products and brands in many of the provinces the Company committed to supplying, for the first two weeks to October 31, 2018.
Provincial Highlights, for the first quarter included Aurora brands accounting for approximately 30% of the total market supplied through the OCS, with San Rafael as the top selling brand in ON and Aurora supplying two of the three top selling products
In BC Aurora had the top 4 best-selling dried flower products in BC and 3 of top 8 best-selling oil and capsule products.
In PEI Aurora and MedReleaf are 2 of the 6 top best-selling LPs in the province, with Aurora being the 2nd largest for overall revenue with more than 450 unique SKUs launched across Canada.
First quarter 2019 highlights included a revenue of $29,674,000 up 260% compared to the same period in 2018.
Pro-forma Q1 2019 revenue of $35,752,000 including MedReleaf (consolidated as of July 25, 2018), Anandia (consolidated as of August 8, 2018) and Agropro (consolidated as of September 10, 2018)
Gross margin on cannabis of 70%, up 12% points compared to the first quarter of 2018, and down slightly by 4% points compared to Q4 2018. The increase versus Q1 2018 was primarily due to a higher average selling price per gram of dried cannabis, coupled with a higher proportion of cannabis oil sales in the Company's sales mix ratio. The slight decrease from Q4 2018 was due to higher average packaging costs related to the inclusion of MedReleaf's relatively higher packaging costs and an overall increase in packaging costs due to the stringent regulatory requirements of the Cannabis Act.
The first quarter also saw active registered medical patients increase to 67,484,000 up 250% compared to the first quarter of 2018, as well as the introduction of Aurora Cloud, making Aurora the first and, to the company's knowledge, only LP supplying a vape-ready CBD oil cartridge to the market.
Newstrike Brands Ltd. announced that its wholly-owned subsidiary Up Cannabis Inc. ("Up Cannabis"), has had its licences issued under the Access to Cannabis for Medical Purposes Regulations (ACMPR) successfully migrated to licences under the Cannabis Act and its regulations for both its Brantford and Niagara Facilities. This migrated licence issued for the Niagara greenhouse adds the ability to sell cannabis in all acceptable forms produced within the facility.
"The migrated licences from Health Canada allow us to bring to market cannabis products cultivated at our flagship Niagara Facility," said Jay Wilgar, CEO of Newstrike and Up Cannabis. "As we complete the 240,000 square foot retrofit of the Niagara Facility later this year and expand to 455,000 square feet in 2019, we are in a great position to support our provincial partners, meet increasing demand from consumers and expand the Up Cannabis brand."
Up Cannabis products are currently available through licenced provincial retail channels throughout Canada.
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About CLS Holdings USA, Inc. (OTCQB: CLSH)
CLS Holdings USA, Inc. (CLSH) is a diversified cannabis company that, subject to receipt of certain anticipated regulatory approvals, acts as an integrated cannabis producer and retailer through its Oasis Cannabis subsidiaries in Nevada, and plans to expand to other states.
CLS stands for "Cannabis Life Sciences," in recognition of the Company's patented proprietary method of extracting various cannabinoids from the marijuana plant and converting them into products with a higher level of quality and consistency. The Company's business model includes licensing operations, processing operations, processing facilities, sale of products, brand creation and consulting services.
For additional information, please visit: http://www.clsholdingsinc.com
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