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Investor Ideas Potcasts, Cannabis News and Stocks on the Move; Episode 408 - Market Recap

 

Delta, Kelowna, BC - May 1, 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.

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https://www.investorideas.com/Audio/Podcasts/2020/050120-StocksToWatch.mp3

Investor Ideas Potcasts, Cannabis News and Stocks on the Move; Episode 408 - Market Recap

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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.

Today's podcast we look at the last month's industry and news trends and what to expect for May.

Online and Delivery:

Over the last month we've seen a surge of cannabis sales both in the U.S. and Canada as cannabis companies have been deemed "essential services" during the COVID-19 Pandemic. With increased sales numbers retailers have also had to evolve to the changing landscape now heavily reliant on online sales, curbside pickup and home delivery.

In Canada Fire and Flower has continued to steam ahead as one of the few companies with a robust online presence and an established delivery system while other retail chains have pushed to catch up such as we've seen from Choom and High Tide, as well as many others.

In the U.S. we've seen a lot of collaboration within the industry between retailers, delivery services and payment solutions companies to acclimate to this new normal and deal with the increased sales. The main examples we've seen have been mainly in developed markets such as California and Nevada but newer markets like Massachusetts have also seen steady growth and a move towards online sales, while less developed cannabis markets have been held back due to regulatory standards such as in Main and Washington.

Sanitizer and Safety Gear:

As the COVID-19 Pademic continues we've seen a few cannabis companies use this as an opportunity for short term revenue by launching their own hand sanitizers and disinfectant cleaners as well as masks and gloves. Relevium was one of the first into this space with hand sanitizer that had nearly a quarter million in pre-sales their first week and was followed by others with more momentum building. By the end of the month there are now several companies following their approach and even some producing masks, gloves and safety gear for the medical community as well as offering online sales.

CBD Seems Unfazed:

CBD Companies have been reporting increased sales with limited impact from the COVID-19 Pandemic as the vast majority of the companies in this space were already heavily reliant on online marketplaces or white label sales. Both have either maintained or increased over the last month. The only real impact we seem to be seeing is with regards to the EU market which many companies have been focussed on entering which is currently at a stand-still due to the pandemic, though many companies are using this time to obtain licenses and develop online infrastructure.

Psychedelics on the Rise:

Another result of the COVID-19 Pandemic has been increased interest in the field of psychedelic medicine with more cannabis companies such as the Yield Growth Corp. and Hollister Biosciences investing in entry into this space. We've also seen the rise of many psychedelic oriented companies such as Champignon Brands and PSYCH announcing their launches with more sure to follow. As we see more of the social and mental impact of self-isolation there may be an opportunity for psychedelic research and medicine to be fast tracked to some form of legalization or decriminalization as more and more lobbyist groups push legislators for change with more and more overwhelming public support.

Product Development:

As many producers look to minimize expenses and increase efficiency we are also seeing many companies use this pandemic as an opportunity for R & D and new product development as we've seen a string of announcements on new exciting products to be launched within the next 3 months. This has also been a great opportunity with product testing as cannabis sales have been so steady that no products are sitting on shelves so some companies have used this as an opportunity to collect consumer data and have had several soft launches in different markets.

What's coming in May?

In May we can expect to start to see more of a gap between retailers adapted to the new online/delivery system and those struggling to catch up as well as with sales numbers coming out in the next few weeks. This will be a great opportunity to track brand traction and get a glimpse into uninhibited consumer sales data.

There are also a string of products expected to launch within the next month, some of which are more next generation products while others are more craft produced premium grade products. Both of which should be watched closely regarding consumer feedback and initial sales numbers, and as most sales are being conducted online this will be fairly easy to track.

One other thing that is having a large impact on the US cannabis industry has been the lack of government assistance of support which has put many companies in oversaturated markets like California at risk. There has been a heavy push towards some sort of cannabis government aide as well as talks of the safe banking initiative being pushed ahead which I would expect to hear more developments on over the next month.

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

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