Investor Ideas Potcasts, Cannabis News and Stocks on the Move; (NYSE: ACB) (TSX: ACB), (TSXV: NRTH) (TSXV: NDVA) (CSE: TFC) (CSE: CURA)
Delta, Kelowna, BC - February 3, 2020 (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:
Investor Ideas Potcasts, Cannabis News and Stocks on the Move; (NYSE: ACB) (TSX: ACB), (TSXV: NRTH) (TSXV:NDVA) (CSE: TFC) (CSE: CURA)
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 early announcements.
Aurora Cannabis Inc. (NYSE: ACB) (TSX: ACB), the Canadian company defining the future of cannabis worldwide, announced that its Aurora River production facility, located in Bradford, Ontario, has received European Union Good Manufacturing Practice certification. EU GMP certification is granted to companies whose production facilities demonstrate a high degree of quality and consistency in their manufacturing procedures and is a requirement for the export of medical cannabis products into most European markets.
In addition, Aurora announced that it has received all the necessary approvals from local regulators in Germany for sales of its medical cannabis products, following a temporary sales suspension on certain products in December 2019. Aurora will fulfill existing sales orders from inventory currently held in Germany, ensuring local patients will have immediate access to medicine from their preferred pharmacy.
"Aurora is leading the development of medical markets across Europe and around the world," said Terry Booth, CEO of Aurora. "The EU GMP certification of our River facility further validates our strategy focused on purpose-built facilities, designed and constructed exclusively for the production of high-quality, pharmaceutical grade cannabis. I congratulate our team on successfully working with regulators and licensing bodies to ensure Aurora's facilities and products are in accordance with local and international standards that will allow for greater access to the highest quality medical cannabis products to patients who need them."
Designed for large scale, high quality production, Aurora River has a cultivation capacity of 28,000 kg per year across its 17 fully-planted, independently climate-controlled grow rooms. The EU GMP certification of Aurora River enables the Company to allocate both a greater quantity of dried and extracted product to international markets as well as introduce new products grown and produced in the facility. To date, Aurora has received EU GMP certification for 3 of its 10 Canadian production facilities. Aurora River joins Aurora Mountain, located in Mountain View County, Alberta with a production capacity of 4,800 kg a year, and Aurora Ridge located in Markham, Ontario with a production capacity of 7,000 kg a year, in achieving this important certification.
48North Cannabis Corp. (TSXV: NRTH) announced that it has signed an exclusive curation partnership with a new online gifting platform, Thoughtfull™, a creation of Indigo Books & Music Inc. (TSX: IDG).
Thoughtfull is a new online gifting platform designed to make finding a meaningful gift easy. Aiming to transform the way in which Canadians discover and select gifts, Thoughtfull recently unveiled its beta version and is currently available in the Greater Toronto Area. Under the terms of the partnership, 48North will be responsible for curating an offering of cannabis-related accessories for the Thoughtfull platform. 48North will be Thoughfull's exclusive cannabis partner, leveraging their trusted consumer brand and relationships within the industry to curate an array of premium cannabis accessories.
At launch, 48North's accessories line F8 and recently announced female friendly cannabis accessories brand, Sackville & Co., will be available on the Thoughtfull site.
"Partnering with brands is critical to breaking down the stigma around cannabis. 48North applauds Thoughtfull for embracing the Canadian cannabis industry. Robust distribution is of paramount importance to the success of 48North and this partnership will be responsible for introducing Canadian adults to the 48North brand. Partnering with companies like Thoughtfull is critical to our long-term goal of becoming Canada's most beloved and accessible cannabis brand," said Kirsten Gauthier, CMO of 48North.
Indiva Limited (TSXV:NDVA) (OTCQX:NDVAF) announced that it has received its edibles, extracts and topicals sales licence from Health Canada. This approval enables the Company to deliver extracts, capsules and its portfolio of award-winning edibles to Canadians.
"To say we are excited to receive this sales licence is an understatement," Niel Marotta, Indiva's President and Chief Executive Officer, said. "This sales licence is transformational for Indiva as it allows us to enter new markets and product categories and distribute products nationally. We believe that delivering Canadians truly exceptional and innovative products is our calling and through that passionate pursuit, we can normalize cannabis use. There are millions of Canadians who would like to consume cannabis, but prefer to avoid smoking. Indiva intends to be the solution for those consumers by providing chocolate, sugar, salt, fruit chews and more. We look forward to fulfilling existing purchase orders and having our products available to consumers, on shelves and online, at the earliest opportunity."
Indiva intends to immediately ship products to provincial wholesalers including Ontario, Nova Scotia, Alberta, Saskatchewan, Manitoba and British Columbia. The first edible products coming to market are the award-winning Bhang® Milk and Dark Chocolate bars. These sustainably-sourced and fair-trade chocolate squares contain 10 mg of THC and are scored into four pieces, so they are perfect for sharing. Additional products, including Bhang® CBD Chocolate bars, will be available later in 2020.
Trichome Financial Corp. (CSE: TFC) provided an update on its lending activities as it continues to build a diversified portfolio of income-generating secured loan transactions across the cannabis value chain in Canada and the United States.
"The addition of Heritage and Cresco to our portfolio continues our disciplined approach to constructing a diversified and complimentary portfolio of secured loans to companies operating in all aspects of the cannabis industry. These two loans provide our shareholders with attractive contractual returns on both an absolute and risk-adjusted basis and complement our existing loans to premium cultivators James E. Wagner and Good Buds," commented Michael Ruscetta, CEO of Trichome Financial.
Given the near-term operational and financial headwinds facing many operators in the cannabis sector, the current capital raising environment provides Trichome Financial with a robust opportunity set from which to select, underwrite and execute secured loans with attractive contractual payments and other forms of additional consideration that may meaningfully increase return profiles. Specifically, the Company is focused on opportunities such as:
- Financing the roll-out of retail locations in Ontario, Canada's largest population base with 14.5 million people and only 28 stores today and growing by up to 20 per month commencing in March;
- Working capital and growth capital for select operators with defensible businesses in both Canada and the US;
- Leveraging our expertise as the U.S. market becomes a larger part of our focus;
- Financing for opportunistic and strategic M&A designed to capitalize on current industry dynamics; and
- Capital for restructurings, recapitalizations, and other situations where a viable business exists but for the availability of capital.
"The business plan for Trichome Financial was predicated upon both the structural growth opportunity of the cannabis industry globally as well as the countercyclical opportunities that naturally arise with high growth and nascent industries," said Michael Ruscetta. "Our team has never been as busy as they are today as we continue to build our reputation as a preferred financing partner to the cannabis industry while being an effective steward of capital for our shareholders."
Curaleaf Holdings, Inc. (CSE: CURA) (OTCQX: CURLF), a leading vertically integrated cannabis operator in the United States, announced that it closed the transformational acquisition of Select on February 1. With the completion of the acquisition, Curaleaf solidifies its stance as the largest cannabis operator in the U.S. in terms of operational and wholesale footprint, including 53 open dispensaries, and positions the Company well for its next phase of growth.
Curaleaf's acquisition of Cura Partners, Inc. ("Cura"), owners of the Select brand, includes Select's manufacturing, distribution, marketing and sales operations marketed under the Select brand name, including all intellectual property.
"The close of the Select deal is a major milestone in Curaleaf's history and marks an unprecedented phase of growth for our company," said Joseph Lusardi, CEO of Curaleaf. "As we've scaled, Curaleaf has pioneered the U.S. cannabis industry, and we're incredibly excited about the future and our leadership role in it. Our entire organization is focused on accelerating our growth as a combined company with two of the fastest growing cannabis brands in the country."
The closing provides tremendous opportunities for synergies as it combines Curaleaf's national retail locations, vertically integrated structure, wellness brand, product range and East Coast hub with Select's wholesale model, established lifestyle brand and leading West Coast market presence.
The news comes on the heels of Curaleaf's acquisition of the Acres Cannabis vertical operations in Nevada, and the awarding of preliminary retail and processing licenses in Utah.
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