Investor Ideas Potcasts, Cannabis News and Stocks on the Move; Episode 380 (CSE: DIXI.U) (OTCQX: DXBRF), (CSE: PLTH) (OTCQX: PLNHF), (TSXV: EMH)
Delta, Kelowna, BC - March 9, 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:
The #AI Eye: Accenture (NYSE: ACN) Driving Innovation for Changi Airport with DIVA Factory, Currux Vision and Costar Technologies (OTC: CSTI) Announces Results of Smart City AI Test
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 public announcements.
But first, Shelter Craft Collective, a division of 1193269 BC Ltd., doing business as Shelter Cannabis announced that North 40 Cannabis (North 40) was made available to retailers in Saskatchewan today.
North 40 is Canada's first licensed micro-cultivator and processor. Based in Saskatchewan, the small family run grow with over thirty years of cultivation experience will be bringing their first harvest to market under Shelter's house brand, Farmstead.
"We are extremely pleased to be able to team up with Shelter to get our products out to consumers," said Gord Nichol of North 40. "It's been a long time coming and we couldn't be happier that our home province, Saskatchewan, will be first in line to have access to our hand crafted, small batch cannabis."
Nichol went on to say he believes this is the start of a turning point in the cannabis industry where quality will challenge the big companies for consumers hearts and minds. "We trust our products will meet, and hopefully exceed expectations."
Processed in Shelter's Agro-Greens facility, this small-batch, hand-trimmed and non-irradiated craft cannabis is the first wave of what many expect to be a coming craft revolution in Canada's cannabis industry. "A lot of us lobbied for the inclusion of this class of license and worked hard behind the scenes to make this happen," said Jamie Shaw, Director of Communications and Culture for Shelter. "We are proud to be bringing cannabis grown and processed in Saskatchewan to Saskatchewan consumers, and we hope other provinces look to what Saskatchewan is getting right."
Kiaro is one of the Saskatchewan retailers that have anxiously been awaiting craft product. "We are excited to have the opportunity to be working with the amazing teams at Shelter Brands and North 40 to feature their locally grown, small batch, hand crafted cannabis in our Saskatchewan retail stores," said Andrew Gordon, Sr Vice-President of Retail Operations and Community at Kiaro. "This is an important step forward in realizing the dreams and aspirations of legalization for producers, retailers and consumers alike; and we are committed to ensuring that small scale, craft producers have an opportunity to thrive in the regulated market."
BR Brands LLC, a premier house of brands within the legal cannabis sector, and Dixie Brands Inc. (CSE: DIXI.U) (OTCQX: DXBRF), one of the cannabis industry's most recognized consumer packaged goods companies, have signed an exclusive, binding term sheet to merge. Under the terms of the deal, BR Brands will combine operations with Dixie by assuming the publicly traded platform via a reverse takeover. This transaction, expected to be completed by the third quarter of this year, will create one of the cannabis industry's most comprehensive established house of brands.
BR Brands is the owner of Mary's Brands™, a portfolio of cannabis products that includes the acclaimed medical and topical brand Mary's Medicinals®. BR Brands' portfolio also includes three California based brands; Defonce, Beezle and Rebel Coast. With an ecosystem of operating assets and an infrastructure that currently spans 11 states and Puerto Rico, BR Brands is a market leader in geographic reach and product diversity.
"BR Brands and its affiliates have had a long-standing relationship with Dixie, rooted in a deep respect for its platform and product portfolio," said Andrew Schweibold, Chairman of BR Brands. "BR Brands was established to unite premium and emerging cannabis brands under one umbrella, offering unparalleled access to top-tier operating talent and capital expertise. With the consummation of this transaction, the resulting entity is poised to build upon our product portfolio, develop best-in-class IP and expand our geographic footprint, all while remaining laser-focused on continuing to meet the needs of our consumers."
Dixie Brands has been a pioneer and leader in the infused-cannabis industry since the launch of its iconic THC-infused Elixir in 2010. Recognizing early that the future of the cannabis industry lay in embracing CPG principles, the company focused on developing industry leading product development, production, distribution and marketing capabilities, leading to the creation of one of the industry's broadest 'house of brands'. The portfolio includes established brands such as Dixie™, Synergy™, AcesoHemp™, Therabis™ and a strategic partnership with Herbal Enterprises, LLC, an affiliate of the AriZona™ brand.
"The challenges of the current cannabis related capital markets have guided Dixie to look for a strategic partner in order to solidify a platform we can leverage for long-term, stable growth for our shareholders. This strategic combination brings two of the most trusted and iconic brands together on one of the broadest manufacturing and distribution platforms in the industry," said Chuck Smith, President and CEO of Dixie. "We are very pleased with the fundamentals of the deal as they will strengthen our balance sheet by decreasing debt, improving our cash position, and providing opportunities to enhance revenue growth and capture greater margin."
The Board of Directors of the merged company will be comprised of three nominees of BR Brands and two nominees of Dixie. Chuck Smith, President and Chief Executive Officer of Dixie, will become President and Chief Executive Officer of the merged company and Andrew Schweibold will serve as chairman of the board of the merged company. Unrelated to the deal and for personal reasons, Dixie's Chief Financial Officer, Greg Robbins has resigned effective immediately. Dixie's current Controller, Jared Lanser, will assume the role of interim CFO of Dixie.
Planet 13 Holdings Inc. (CSE: PLTH) (OTCQX: PLNHF), a leading vertically-integrated Nevada cannabis company, announced that it served an average of ~2,200 customers per day in February while maintaining an average ticket of ~$100.00. The addition of Phase II - the customer-facing production facility, restaurant, and event space - along with increased awareness of the SuperStore has driven year over year same store growth of 48% through the first two months of 2020.
"The customer-facing production facility and restaurant have been a clear driver of customer traffic and have led to our visitors spending more time enjoying all the unique features of the SuperStore complex, increasing average ticket size. Our vision for the SuperStore is coming to fruition. It is a one of a kind complex full of related activities and attractions that improve the cannabis shopping experience, drives cross-promotion, provides entertainment, and increases sales," said Bob Groesbeck, Co-CEO of Planet 13.
Emerald Health Therapeutics, Inc. (TSXV: EMH) (OTCQX: EMHTF) has signed a letter of intent under which Sigma Analytical Services Inc., a full-service GMP-compliant testing laboratory for cannabis, hemp, and derived products, may acquire Emerald's Avalite cannabis analytical testing operation. The companies also intend to establish a preferred partner relationship. Terms of the deal have been agreed to in principle and will be announced upon completion. Execution of definitive agreements is subject to due diligence and board approval of both companies and is expected to occur on or before April 19, 2020. Completion of the transaction will be subject to a number of conditions including settlement of final documentation and receipt of applicable regulatory and third-party approvals.
"We are very pleased to expand our testing services in Western Canada. We see many benefits in being physically close to our clients (licensed producers and processors) and building true partnerships with them to enhance the quality of products. This is the main reason why we also started expanding to Colombia in 2019," said Dr. Kaveh Kahen, President and CEO of Sigma. "We believe having a complete analytical and microbiology testing lab for cannabis in BC would give us the opportunity to establish similar partnerships with the thriving craft cannabis sector, as well as large producers, in British Columbia and Alberta."
Riaz Bandali, President and Chief Executive Officer of Emerald, said, "We believe the analytical marketplace has excellent growth dynamics based on the positive global trend to legalize cannabis. However, it is necessary to have a critical mass of scientific expertise and scale. In our view, the best growth opportunity for our Avalite operation is to integrate it with a dedicated analytical services company. We are very pleased with the opportunity to move forward with a constructive relationship with Sigma and its group of experts in this segment."
Investor ideas reminds all listeners to read our disclaimers and disclosures on the Investorideas.com website and 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/.
Investorideas.com podcasts are also available on iTunes, Spotify, Google Play Music, Stitcher, Spreaker, YouTube via Spreaker, iHeartradio and Tunein.
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 is a recognized news source publishing third party news, research and original financial content. Learn about investing in stocks and sector trends with our news alerts, articles, podcasts and videos, looking at cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy and more. Investor Idea's original branded content includes the following podcasts and columns: Crypto Corner, Play by Play sports and stock news column, Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast and column, Cleantech and Climate Change, Exploring Mining the AI Eye.
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
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 Cannabis Social Media
Download our Mobile App for iPhone and Android