Investor Ideas Potcasts #Cannabis News and Stocks on the Move: EMPOWER (CSE: EPW), CannaOne (CSE: CNNA), Zenabis (TSXV: ZENA), 3 Sixty (CSE: SAFE), Harvest One (TSX-V: HVT) (OTCQX: HRVOF), NexTech (OTCQB: NEXCF) (CSE: NTAR), Canopy Growth (TSX: WEED) (NYSE: CGC) and Tilray (NASDAQ: TLRY)
Delta, Kelowna, BC - March 19, 2019 (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 edition of Investorideas.com potcastsCM - cannabis news and stocks to watch plus insight from thought leaders and experts.
Listen to the podcast:
Investor Ideas Potcasts #Cannabis News and Stocks on the Move: EMPOWER (CSE: EPW), CannaOne (CSE: CNNA), Zenabis (TSXV: ZENA), 3 Sixty (CSE: SAFE), Harvest One (TSX-V: HVT) (OTCQX: HRVOF), NexTech (OTCQB: NEXCF) (CSE: NTAR), Canopy Growth (TSX: WEED) (NYSE: CGC) and Tilray(NASDAQ: TLRY)
Today's podcast overview/transcript:
Good afternoon and welcome to another Investorideas.com "potcast", looking at cannabis news, stocks to watch as well as insights from thought leaders and experts.
Today we are looking at announcements from EMPOWER CLINICS INC. (CSE: EPW), CannaOne Technologies (CSE: CNNA), Zenabis Global Inc. (TSXV: ZENA), 3 Sixty Risk Solutions Ltd. (CSE: SAFE), Harvest One Cannabis Inc. (TSX-V: HVT) (OTCQX: HRVOF), NexTech AR Solutions (OTCQB: NEXCF) (CSE: NTAR), Canopy Growth Corporation (TSX: WEED) (NYSE: CGC) and Tilray, Inc., (NASDAQ: TLRY).
EMPOWER CLINICS INC., a growth oriented and diversified medical cannabis company, provided an update on recent activities by the technical teams at Empower and Canntop AI Inc., a subsidiary of Datametrex AI Limited to develop a deeper understanding of patient awareness of cannabis-based treatment options and ongoing effectiveness of treatment programs.
The Company has provided select SEO terms and phrases for use in Canntop's artificial intelligence platform, targeting two key company markets, Portland, OR and Phoenix, AZ, to gain actionable insights on how consumer social data is generating interest in CBD-based products, alternative pain management options and the use of cannabis-based therapies.
"Insights derived from AI are beginning to demonstrate how patients in our key markets are talking about or describing their experience and ideas related to cannabis/CBD-based treatments, and even suggesting recommendations about alternative therapies and their effectiveness in treating a wide array of qualifying conditions," stated Steven McAuley, Empower's Chief Executive Officer.
"We believe the outcomes of our AI efforts, if successful, could position the Company as an educational leader and we plan to collaborate with the industry with the ultimate goal of improving patient care," said Mr. McAuley. "Canntop's powerful AI tools are helping us analyze the substantial amounts of data in the Empower database and we expect will facilitate the integration of the additional data we expect to derive from the proposed acquisition of the Sun Valley Clinic group, that has a combined 165,000 patients."
CannaOne Technologies announced that it has entered into a formal agreement with Manna Health Services SA de CV of Mexico City, to undertake the development, launch and operation of an industry leading online CBD product purchase and delivery marketplace for the Country of Mexico. The agreement was signed on March 5, 2019, with a contract term of 36 months and an option to renew for an additional 60 months at the conclusion of the initial period.
CannaOne CEO Solomon Riby-Williams stated, "We're extremely excited today to be working with Manna Health. CannaOne will exclusively build, manage and oversee a customized enterprise version of BloomKit for Manna Health intended to be the "go-to" online CBD product marketplace in Mexico".
"BloomKit, our enterprise software solution, will give Manna the capability to offer a flagship and fully operational online CBD marketplace once Mexican regulations are finalized. For example, It will offer Manna the ability to inherently monitor and track pick-up and delivery logistics, and the capability to deliver historical and current trending analytics to ensure optimal management of all CBD sales channels. It will provide this all with the benefit of a simple and easy to use built in eCommerce solution."
Riby-Williams further added, "This collaboration with Manna will provide CannaOne the immediate credibility of working directly with a highly respected Mexican organization that already has existing partnerships covering retail and commercial land, pharmacies, shopping malls, and tourist destinations throughout Mexico.
Currently, Manna Health is approved by the Mexican government to buy, sell, lease, distribute, import, or export any products related to health and wellness. Once this CBD marketplace has launched, Manna has further committed to CannaOne to jointly study, analyze and utilize all market and consumer data that is collected and retained through the marketplace."
Zenabis Global Inc. has signed its first exclusive, definitive supply agreement under its Zen Craft Grow program. This first Zen Craft Grow agreement is an exclusive supply agreement between Zenabis, as a standard processor, and a micro-cultivator in the final stages of receiving its license that will bring unique genetics and small-batch, artisanally grown cannabis to discerning adult-use consumers across Canada.
The Zen Craft Grow program reflects Zenabis' ongoing commitment to offer consumers a range of unique and high-quality products. Through the Zen Craft Grow program, Zenabis provides its regulatory, compliance and quality control expertise to facilitate the licensing of small-scale craft growers, leverages its existing supply agreements with provincial liquor authorities, wholesalers and licensed retailers in nine Canadian jurisdictions, and provides consumers across the country with access to high-quality, compliant and quality assured cannabis products from passionate and committed micro-cultivators.
Zenabis will market these craft products under the Founders' Reserve brand (www.foundersreserve.ca). This brand name reflects Zenabis' desire to pay homage to the growers and advocates who played such a significant part in the establishment of the legal cannabis industry.
"As a licensed producer with a national distribution network for the adult use market, we are thrilled to bring the distinct and specialized products of licensed micro-cultivators to customers across Canada," said Andrew Grieve, Chief Executive Officer of Zenabis.
"Founders' Reserve, and our Zen Craft Grow program, represent something new in the Canadian marketplace. This brand will provide safe, consistent and quality-assured products from commercially licensed growers, and the strains sold under this brand will reflect the dedication and passion that come from years of cultivation experience. Founders' Reserve will provide highly coveted cannabis strains, developed with care by cultivators who have a deep commitment to their plants and their products. We are pleased to offer these thoughtfully produced artisanal products across Canada via our existing supply and distribution partners. Zen Craft Grow adds a new dimension to our product offerings, expands our brands through the addition of Founders' Reserve, and demonstrates our commitment to a wide range of stakeholders, including micro-cultivators and consumers. We are excited about this program, and we intend to execute definitive, exclusive supply agreements with more than 20 licensed micro-cultivators and applicants with whom we have developed relationships."
3 Sixty Risk Solutions Ltd. announced that the Company, which operates through its wholly-owned subsidiary, 3 Sixty Secure Corp., has been selected by Harvest One Cannabis Inc. to provide a portfolio of security services which include secure transport, secure cannabis storage and retail deliveries. Harvest One has a global portfolio of brands including United Greeneries, Satipharm, Dream Water, and Burb that serves the adult recreational and medical cannabis markets from cultivation to retail distribution. The global footprint of Harvest One, with a presence in five countries, aligns with 3 Sixty's strategic goals of realizing significant organic growth and accelerating growth using M&A to expand operations within Canada, the United States of America and internationally.
"Harvest One is a tremendous example of a company serving the full spectrum of customer needs from cultivation to production to retail distribution of top-quality products," said Thomas Gerstenecker, CEO and Founder of 3 Sixty. "It is led by expert growers, brilliant engineers and creative entrepreneurs and it has announced supply agreements in Ontario, British Columbia, Manitoba and Saskatchewan. We look forward to supporting Harvest One as it expands its cultivation footprint and retail distribution network in Canada and internationally."
NexTech AR Solutions, a company focussed on bringing next generation web enabled augmented reality (AR) platform with Artificial Intelligence (AI) and analytics to the Cannabis industry, eCommerce, education, training, healthcare and video conferencing, announced that it has signed an LOI to acquire an eCommerce business that generated USD $2.2 million in revenue and $600,000 in EBITDA in 2018, for the purchase price of $1,850,000 in cash. The company is currently conducting its due diligence, which is expected to last three weeks, with an expected closing of the transaction to follow.
"This LOI sets the stage for our third acquisition in 2019 and upon closing would push our eCommerce division toward a projected USD $5 million in consolidated revenue and $1 million in EBITDA for 2019," said Evan Gappelberg, CEO of NexTech. "Since going public we have been focused on both launching our AR platforms around our three verticals, AR eCommerce, AR university, and AR live streaming, and a growth-by-acquisition strategy that we continue to execute on."
Upon closing this acquisition NexTech will:
- Accelerate the launch of existing and exciting new AR and AI technologies.
- Advance and significantly enhance our knowledge of the AR customer journey through analyzation of real-time data from our analytics installed on site.
- Enable the fast integration of a broad range of AR and AI capabilities onto the site, creating a one-of-a-kind eCommerce AR/AI showcase for consumers and prospects.
NexTech has already closed on two acquisitions in 2019 - one in January and one in February - and has also entered into a separate LOI in March as part of its strategy to grow through acquisition of revenue generating companies that possess industry-leading technologies.
Canopy Growth Corporation, a world-leading, diversified cannabis company and OG DNA Genetics ("DNA"), a globally recognized cannabis brand, announced today they have signed an agreement to extend and expand upon their previously announced partnership through to 2024. With this newly signed agreement, Canopy Growth and DNA have extended their partnership beyond Canada and Jamaica and have committed to bringing DNA's world-renowned genetics to a soon-to-be disclosed European market.
Canopy Growth and DNA entered into their first agreement for the Canadian market in 2015. The partnership gave Canopy Growth access to a wealth of unique, genetically-diverse cannabis strains that it then incorporated into its Canadian product lines. And, of course, the brain trust and witty charm of Don and Aaron themselves, the founders of DNA. In 2017, the partnership between Canopy Growth and DNA was renewed and expanded into Jamaica to bring DNA's original strains into future Caribbean markets. Under the terms of today's announcement, Canopy Growth and DNA have committed to working together through 2024 and will make every effort to expand into global markets, including Europe, where regulations permit the legal sale of cannabis for medical and recreational purposes.
"Teaming up with DNA has proven to be a very strong and mutually beneficial partnership," said Mark Zekulin, President and co-CEO of Canopy Growth. "Renewing our partnership for the next five years was a no-brainer for us and we look forward to introducing their high-quality DNA products to consumers around the world."
Tilray, Inc., a global leader in cannabis research, cultivation, production and distribution, today reported financial results for the fourth quarter and year ended December 31, 2018. All financial information in this press release is reported in U.S. dollars, unless otherwise indicated. Some of the highlights included: a revenue increase to $43.1 (C$56.4) million, up 110.0% compared to last year, driven by bulk sales, the inaugural sales for the Canadian adult-use market and accelerated wholesale distribution in export markets; a long-term revenue sharing agreement with Authentic Brands Group to leverage their portfolio of brands and develop, market and distribute consumer cannabis products across the world; acquired Manitoba Harvest, a hemp and natural foods producer in Winnipeg, Manitoba, who distributes products to 16,000 retail locations in the US and Canada for up to $317 (C$419) million; and more.
"2018 was a very successful year for Tilray with many corporate milestones. Our team made significant progress on our long-term initiatives including increasing production capacity, expanding and strengthening strategic partnerships, and acquiring complementary businesses to accelerate our future growth and leadership position in medical and adult-use cannabis," commented Brendan Kennedy, President and Chief Executive Officer of Tilray. "Looking ahead, we remain committed to pursuing global growth opportunities and will be disciplined in deploying capital, particularly in the United States and Europe, where we believe we have multiple paths for value creation."
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