Investor Ideas Potcasts, Cannabis News and Stocks on the Move; Episode 480 (TSX-V: WMD) (TSXV: NDVA) (TSXV: WWT) (CSE: FONE)
Today's podcast sponsored by Cannabis Suisse Corp. (OTC: $CSUI), a fully licensed cannabis cultivation and distribution company in Switzerland
Delta, Kelowna, BC - October 13, 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 480 (TSX-V: WMD) (TSXV: NDVA) (TSXV: WWT) (CSE: FONE)
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 company announcements.
Indiva Limited (TSXV:NDVA) (OTCQX:NDVAF), a leading Canadian producer of cannabis edibles and other cannabis products, announced an agreement has been secured with Medical Cannabis by Shoppers Inc., a subsidiary of Shoppers Drug Mart Inc. This agreement will see Bhang® Chocolate and Wana™ Sour Gummies sold through the Medical Cannabis by Shoppers™ business, including Bhang® THC Milk Chocolate, Bhang® THC Dark Chocolate, Bhang® CBD-Dominant Milk Chocolate, Bhang® Caramel Dark Chocolate THC/CBD 1:1, as well as Wana™ Sour Gummies in the following flavours: Watermelon Hybrid, Strawberry Lemonade 1:1, and Mango Sativa.
The Medical Cannabis by Shoppers online platform is a trusted and convenient source of quality medical cannabis, providing patients with single-source access to a broad range of products. Through their national online platform, the Medical Cannabis by Shoppers business connects patients with cannabis products that meet the highest quality and safety standards. The agreement between the Company and Medical Cannabis by Shoppers Inc. will provide Canadian medical cannabis consumers access to Indiva's market-leading portfolio of cannabis edibles.
"We are thrilled about this agreement with Medical Cannabis by Shoppers Inc., which will see our best-in-class cannabis edibles reach the medical cannabis market," said Niel Marotta, President and CEO of Indiva. "We are eager to give patients across the country access to different forms of medical cannabis. Both Bhang® and Wana™ have reputations as high-quality products, and we are excited to see them become legitimate options for medical cannabis consumers across Canada."
Bhang® Chocolate and Wana™ Sour Gummies are expected to be for sale online through the Medical Cannabis by Shoppers site (shoppersdrugmart.ca/cannabis) in the coming days.
WeedMD Inc. (TSX-V:WMD) (OTCQX:WDDMF), a federally-licensed producer and distributor of medical-grade cannabis announced that it has entered into a supply agreement with Pax Labs, Inc. , a leader in premium cannabis vaporizer technology, with award-winning devices for both oil concentrates and flower. WeedMD will become a brand partner and supplier for the PAX® ERA® Collection in Canada, which includes the closed-loop PAX® ERA® and ERA PRO™ devices.
WeedMD's partnership with PAX will accelerate the growth of the Company's Cannabis 2.0 product strategy as it expands into new formats using its low-cost, quality-produced, strain-specific biomass. As the latest cultivator to launch PAX Era Pods in Canada, WeedMD will produce cannabis oil pods for the 'pen-and-pod' vaporizer devices at the Company's state-of-the-art extraction hub in Aylmer, Ontario. WeedMD will sell Color Cannabis, and Starseed Medicinal-branded oil pods nationwide through supply arrangements with retailers, and its online medical store.
"As we continue to enhance and expand our new cannabis formats and brand reach for Color and Starseed, we're proud to partner with PAX, and we are looking forward to adding its line up to our growing portfolio of 2.0 brands," said Angelo Tsebelis, CEO of WeedMD. "PAX is widely known as a premier innovator in cannabis product vaporizers. With its award-winning brand appeal and consumer-favoured hardware offerings, PAX is perfectly suited to be paired with WeedMD's quality-produced, terpene-rich cannabis concentrates."
"PAX is thrilled to welcome WeedMD, a leader in the medical cannabis channel in Canada, to our Canadian Brand Partner family," said Tim Pellerin, General Manager, Canada & International at PAX Labs. "WeedMD has a record of delivering high-quality, novel products to patients and consumers in varied consumption methods. We look forward to growing together across all channels, rooted in our shared rigor in quality, innovation, and access to information, to bring these products to medical and adult-use consumers across the country."
PAX Era Pods, for use with PAX's high-tech oil vaporizers, are dependable, leak-resistant and designed to be clog-free. PAX is a market leader with over two million devices sold worldwide and an established reputation as the best-selling pen-and-pod system in the U.S.
Water Ways Technologies Inc. (TSXV: WWT) announced that it has received several orders to deliver degradable plastic mulch ("Mulch") to customers in Canada and North Africa. The Mulch will be used to increase soil moisture conservation, thereby reducing water usage and related costs.
The orders totalling CDN$ 1,200,000 are to be delivered in the next six months (of which the $488,000 of orders due from North Africa are conditional on the Company receiving an Irrevocable Letter of Credit from the purchaser).
Ohad Haber, Chairman and Chief Executive Officer, commented, "I compliment our Canadian Managing Director, John Pol, for the hard work he has done to obtain these orders, a tribute to the professional work he continues to produce. We see this line of business complementary to our irrigation business, assisting us in delivering unique technology to farmers around the world."
Flower One Holdings Inc. (CSE: FONE) (OTCQX: FLOOF), a leading cannabis cultivator, producer and innovator in Nevada, today announced preliminary third quarter revenue of $11.5 million surpassing its Q3 2020 revenue guidance range of between $9.8 million and $10.8 million. The Company continues to expect its Q3 2020 gross margin to be in line with its previous guidance of 30-35%. All amounts are expressed in U.S. dollars unless indicated otherwise.
Preliminary Q3 2020 Highlights:
- Preliminary year-to-date gross sales, thru the month ending September 30, 2020, of approximately $24.2 million;
- Preliminary gross sales, for the three months ending September 30, 2020, of approximately $11.5 million;
- Initial launch of Cookies and 22 Red further demonstrating the Company's ability and ongoing priority to transition its product revenue mix towards premium quality and higher gross margin sales; and
- Initial launch of Kiva's Blackberry Blitz Game On Camino gummies, a nod to the Las Vegas Raider's inaugural season in Nevada.
BDS Analytics recently reported that the August point-of-sales data for the cannabis market in Nevada experienced a 34% year-over-year growth. Nevada exhibited a surprisingly strong recovery despite limited tourism capacity. Year-to-date retail sales in the state of Nevada through August 31, 2020 reached $505.8 million, growing by 10% compared to the same period last year.
"These past few months have demonstrated Flower One's resilience and ability to reemerge through COVID-19 with momentum as evidenced by our strong, preliminary quarterly revenue" said Ken Villazor, President and Chief Executive Officer of Flower One. "The Company continues to increase its market penetration by providing our retail partners with a consistent supply of some of the highest-quality products and premium brands available in the Nevada market."
Subsequent to quarter end, the Company also announced the achievement of certain operational milestones including:
- The implementation of brand partner Lift Ticket's proprietary pre-roll technology and processes;
- The signing of Nature's Lab, an award-winning concentrate producer, as both a brand partner and SOP consultant to further increase and accelerate both quality and capabilities of Flower One's production lab; and
- The launch of previously announced brand partner Heavy Hitters with the shipment of the first order to retail.
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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