Investor Ideas Potcasts, Cannabis News and Stocks on the Move; Episode 477 (NEO: SVX.U) (OTCQB: ALID)
Today's podcast sponsored by Cannabis Suisse Corp. (OTC: $CSUI), a fully licensed cannabis cultivation and distribution company in Switzerland
Delta, Kelowna, BC - October 7, 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; Episode 477 (NEO: SVX.U) (OTCQB: ALID)
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 is sponsored by Cannabis Suisse Corp. (OTC: CSUI ), a fully licensed cannabis cultivation and distribution company in Switzerland, for recreational tobacco products and medical CBD oils. The Company's facilities for producing cannabis are based in Dietikon, Switzerland, and contain the art surveillance equipment to enable an around the clock webcast. Cannabis Suisse grows high quality, organic cannabis with sustainable, all-natural principles. The Company's products are laboratory tested to ensure the end users have access to a standardized, safe and consistent product. Cannabis Suisse proprietary trademarked MoldStandard is a quantitative microbiology method for analyzing yeast and mold counts in harvested cannabis plants. Cannabis Suisse proprietary trademarked CannaMec is a method for quantifying and removing residual solvents during packaging and storage of CBD products. Cannabis Suisse Corp. currently sells via a distribution network of Swiss retailers and online shops, under the retail brand Alpine Cannabis.
In today's podcast we look at a few public and private company announcements.
Subversive Real Estate Acquisition REIT LP (NEO: SVX.U) today announced that it has entered into binding agreements to acquire real properties in the amount of approximately US$97.4 million and originate or acquire US$85.4 million of first lien mortgages, to become a leading real estate capital provider for prominent cannabis operators that own or are seeking industrial and retail real estate in high growth markets in the United States. The acquisition of the Initial Portfolio will be the REIT LP's qualifying transaction (the "Qualifying Transaction") and is the first instance of the popular SPAC vehicle converting into a public REIT.
The REIT LP also announced a private placement of subscription receipts. On Closing, the Subscription Receipts shall convert into US$40.0 million aggregate principal amount of 6% senior secured convertible debentures at a price of (a) US$1,000 per Debenture and 137,500 limited partnership units of the REIT LP or (b) US$950 per Debenture, as specified by the holder. The REIT LP has also granted Canaccord Genuity Corp. and Compass Point Research & Trading, LLC a 30-day non-transferable option to purchase Subscription Receipts convertible into up to an additional US$25.0 million Debentures and up to an additional 125,000 Debenture Units.
"We are thrilled to announce our Qualifying Transaction that delivers on what this experienced cannabis real estate team set out to create, which is a diverse initial portfolio consisting of high quality, mission-critical industrial and retail assets operated by leading U.S. cannabis operators", stated Michael Auerbach, Executive Chairman of the REIT LP and Founder of Subversive Capital, the REIT LP's lead sponsor. "Subversive REIT LP's platform combines disciplined real estate underwriting with deep operator and industry knowledge to meet the needs of the high growth cannabis industry."
Mr. Auerbach continued, "With a robust pipeline including asset purchase options, we are very pleased to be entering the public market via our SPAC transaction, which should allow us greater access to capital to continue to grow our business and deploy capital into a capital-starved industry. We believe that our strong portfolio and platform positions the REIT LP to provide an attractive level of distributions as well as a substantial growth opportunity over time."
"The cannabis industry continues to grow at an incredible rate, COVID-19 notwithstanding, driving demand for well-located cannabis industrial and retail assets," said the REIT LP's CEO Richard Acosta. "Our compelling thesis regarding the value of strategic cannabis real estate assets was validated by our ability to raise and deploy capital with some of the strongest and most well-known operators in the space. We are excited to be providing much-needed growth capital to operators across the supply chain, while providing investors an exciting investment opportunity that combines meaningful growth and income potential as the second publicly traded cannabis REIT."
Following closing of the Qualifying Transaction, the REIT LP will be internally managed by the REIT LP's General Partner, Subversive Real Estate Acquisition REIT (GP) Inc. On Closing, the General Partner's management team and board of directors is expected to be comprised of: Michael Auerbach (Executive Chairman and director), Richard Acosta (Chief Executive Officer and director), Michael Miller (Chief Financial Officer), Eric Clarke (Chief Operating Officer), Leland Hensch (director), Scott Baker (director), Omar Mangalji (director), Octavio Boccalandro (director), Anne Sullivan (director) and Craig Hatkoff (director). The REIT LP expects that Anne Sullivan and Leland Hensch will resign from the board of directors shortly after Closing. The Board will conduct a search for their replacements at such time.
Flora Growth Corp. announced the launch of a new division, Hemp Textiles & Co., along with the start of sales of its inaugural hemp-based clothing brand, Stardog Loungewear ("Stardog"). This division will develop and sell to both consumers and businesses, hemp-based textiles and loungewear.
"Flora prioritizes sustainability in all our business practices and we anticipate that our new Hemp Textiles & Co. division will help us meet those goals by utilizing organic, natural materials and not wasting any components of the plant," commented Flora's President of Consumer Goods, Luis Merchan. "We believe the new Stardog brand will resonate with consumers; the products combine style and comfort using a natural, soft hemp material. With the recent surge in demand for loungewear since the start of the pandemic and the fall and winter seasons ahead, we are launching this brand at an ideal time."
Allied Corp. (OTCQB: ALID), an international medical cannabis company focused on creating and providing targeted cannabinoid health solutions to address today's medical issues announced the signing of a definitive agreement to launch a new CBD-infused electrolyte replacement drink with the Cannabis company Reef Drink Company.
The first product to be produced under the Agreement will be a CBD-infused electrolyte and rehydration drink targeted at veteran and first responders as an extension of the Tactical Relief™ brand. This product will be called "Tactical Hydration" and launched under the Tactical Relief™ brand.
In addition to this, a second Allied Corp. brand has now been launched called Equilibrium Bio. As with the Tactical Relief™ brand, the Equilibrium Bio brand is owned, managed and supported by Allied Corp. This brand will represent health and wellness products targeted at both male and female athletic consumers. The first product will be called "Hydration Blast" by Equilibrium Bio. All produced and supported by Allied.
Tactical Hydration and Hydration Blast products will provide a CBD-infused drink for rehydration with sodium citrate electrolyte replacement supplements for athletic and veteran consumers. Both the Tactical Relief and Equilibrium Bio drinks will be available in fruit punch, lemon lime and orange flavors. Allied has additional products in the Equilibrium Bio and Tactical Relief product pipeline.
Allied anticipates the first 15,000 sample drink products being ready for wholesale purchasers within October 2020. From these 15,000 sample products, we will be pursuing purchase orders and national distribution.
"The launch of the Equilibrium Bio brand and the electrolyte replacement drinks represents a great milestone for Allied Corp showcasing some of the additional depth of our product pipeline and brand representation. We are looking forward to the expanded opportunities that this will bring to our natural health vertical. Allied now has four brands to market (Tactical Relief, MaXXa, Buds Pure Naturals and Equilibrium Bio). We are excited to build upon this continued success," said Calum Hughes, CEO of Allied Corp.
BDSA, a company that helps businesses improve revenues, reduce innovation risk, and prioritize market expansion with accurate and actionable cannabis market intelligence and consumer research announced the expansion of its cannabis retail sales tracking coverage to include Canada, the world's largest nationally legal cannabis market. BDSA forecasts Canada's cannabis industry revenues will total $2.5 billion (CAD$3.3 billion) in 2020 and will reach $6.1 billion (CAD$8.1 billion) by 2025, a CAGR of 20%. Year-to-date (YTD) through August, combined sales in the adult-use channel by private sector retailers in Alberta and British Columbia reached $524 million CAD, with monthly sales peaking at nearly $85 million CAD in August.
"We are excited to announce this expansion of retail sales data for the Canadian cannabis market, and our partnership with Buddi," said Liz Stahura, President and Co-founder of BDSA. "With the addition of sales tracking, we now provide a comprehensive suite of market and consumer analytics and insights covering the Canadian market. Canada is the largest nationally legal cannabis market in the world, and home to a passionate and engaged cannabis consumer base. Understanding product innovation, consumer preferences and shopping behaviors in Canada will inform those companies participating in the Canadian cannabis economy, and provide insights for other markets, industries and companies with interest in the cannabis industry."
These insights into the Canadian market include:
- YTD Sales through August are $330 million, with monthly sales growing almost 62% between January and August, peaking in August at $51 million
- Monthly sales of Cannabis 1.0 products increased 32% between January and August, while 2.0 products increased almost 600% between January and August
- Cannabis 2.0 products contributed just 5% of sales in January and grew to 23% in August
- British Columbia
- YTD Sales through August are $154 million, with monthly sales growing over 90% between January and August, peaking at $26.2 million
- Monthly sales of Cannabis 1.0 products increased 76% between January and August, while 2.0 products increased 175% between January and August
- Cannabis 2.0 products contributed 16% of sales in January and 23% of sales in August
In the U.S., sales of equivalent Cannabis 2.0 product categories represent approximately 50% of revenues, suggesting that the Canadian market will continue to evolve and grow significantly. Similar to emerging U.S. states, the initial rollout of 2.0 products was limited by supply shortages and high prices. Over time, shortages appear to be easing and prices are declining.
"The combined expertise of BDSA and Buddi will help cannabis retailers and producers gain critical insights and understand the nuances of the Canadian market to drive their businesses," said Ryan Lalonde, CEO and founder of Buddi. "In Canada, supply-chain information is often cut off by government distributors, making it difficult for operators at both ends to gain insights into what products to develop, buy and sell. Buddi will re-establish these critical information channels through our partnership with BDSA to help build a strong, sustainable industry."
BDSA's Stahura added, "Our partnership with Buddi builds on the extensive network of data and insights from both companies, bringing comprehensive, granular, and insightful sales tracking data with the high-standard of quality, reliability and actionability that we are known to provide. With this launch, BDSA now provides retail sales tracking for ten markets, and we will be adding additional markets in both Canada and the US in the coming months."
Stash & Co, a canadian based cannabis retailer, in collaboration with software company StrainBrain, announced that it is the first-to-market with AI Budtender software. Customers can now receive tailored cannabis recommendations based on recreational parameters such as desired taste, effect, and potency.
The StrainBrain recommendation engine is powered using millions of data points derived from hundreds of thousands of user reviews on various cannabis strains available for sale in Ontario. The data is then used to generate AI-powered personalized budtending.
"We are very excited to be the first retailer in Canada to offer A.I. budtending as a part of our retail operations," explains Joe Glynn. "With the increase in demand for online orders we are currently experiencing due to the recent spike in COVID cases in Canada, it is our aim to provide the same top-notch service online that we do in-store."
"Stash & Co has been the ideal partner for StrainBrain. They have the largest selection of high-quality products, forward-thinking leadership, a robust and loyal customer base, and are ready to use the best available technology to improve the customer experience," explains Andrew Leber, founder of StrainBrain. "In fact, Stash & Co are among the leading cannabis retailers in the country, and we are thrilled to continue working with them on crafting the best possible cannabis experience.
Once again, today's podcast is sponsored by Cannabis Suisse Corp. (OTC: CSUI ), a fully licensed cannabis cultivation and distribution company in Switzerland, for recreational tobacco products and medical CBD oils. The Company's products are laboratory tested to ensure the end users have access to a standardized, safe and consistent product. Cannabis Suisse Corp. currently sells via a distribution network of Swiss retailers and online shops, under the retail brand Alpine Cannabis.
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