Investor Ideas Potcasts, Cannabis News and Stocks on the Move; Episode 482 (TSX: APHA) (NASDAQ: APHA), (TSXV: NRTH), (CSE: CURA) (OTCQX: CURLF), (CSE: BEV)
Today's podcast sponsored by Cannabis Suisse Corp. (OTC: $CSUI), a fully licensed cannabis cultivation and distribution company in Switzerland
Delta, Kelowna, BC - October 15, 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 482 (TSX: APHA) (NASDAQ: APHA), (TSXV: NRTH), (CSE: CURA) (OTCQX: CURLF), (CSE: BEV)
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.
48North Cannabis Corp. (TSXV: NRTH), a vertically integrated cannabis company focused on manufacturing high-quality products, building progressive and thought provoking brands, and low-cost cultivation, announced the launch of its newest brand - Latitude.
Latitude builds on the successful 2018 launch of LAT, an interactive, omni-channel platform that empowers women to connect, engage and share their personal stories with cannabis. Today, using the momentum of LAT's second edition, 48North is pleased to announce the platform will be expanding in to 48North's newest cannabis brand, Latitude.
48North has heard clearly from the LAT community that there is so much more the nascent Canadian cannabis industry can do to support the multi-dimensional experiences that Canadians seek with the plant. As the Company reflects on two years of legalization, this bold step forward will provide customers with new ways to reset, rejuvenate and live well. Latitude looks forward to launching products in a variety of different categories ranging from sexual wellness to beauty and beyond.
"The cannabis industry in Canada is rapidly evolving - from dried flower and vape products, to bath salts and intimacy oils. As consumers become more educated they are collectively beginning to push their imaginations on the possibilities of what the cannabis plant can provide. The launch of Latitude is emblematic of this shift, and we look forward to sharing this journey to high frequency living with our customers," said Kirsten Gauthier, CMO of 48North.
"Our members and loyal subscribers have been waiting for this brand to take flight and now is a better time than ever to do so. After a year filled with anxiety, stress and uncertainty, Latitude products are designed to rejuvenate both the mind and body, giving us the latitude to live well," continued Kirsten.
Latitude will be launching this fall with the following products:
Sex Pot Intimacy Oil
Take a deep dive into your erogenous zone with the sensuous blend of natural oils infused with THC.
Night Shift Ylang-Ylang Charcoal Bath Salts
Slip into a bath of charcoal-infused Black Sea and Epsom salts. The sensual blend of Jasmine, Ylang-ylang and Patchouli essential oils is combined with THC and CBD.
In Bloom CBD Lavender Chamomile Bath Salts
Latitude In Bloom is a floral soak of Pink Himalayan and Epsom salts infused with the botanical goodness of lavender, chamomile, calendula and CBD.
Latitude products will leverage 48North's cannabis grown at Good:Farm, the company's 100-acre outdoor cannabis facility, which is currently being transitioned into Canada's first organic regenerative cannabis farm. In addition, Latitude products are vegan, never tested on animals and organically sourced wherever possible.
Aphria Inc. (TSX: APHA) (NASDAQ: APHA), a leading global cannabis company inspiring and empowering the worldwide community to live their very best life, today reported its financial results for the first quarter ended August 31, 2020.
"Our strong first quarter results reflect the continued robust growth and development of Aphria's adult-use cannabis brands in Canada," said Irwin D. Simon, Chairman and Chief Executive Officer. "We are consistently taking a diversified approach to our innovation, strategic partnerships, global expansion and corporate citizenship to fuel sustainable, long-term growth. We believe that the strength of our balance sheet and cash position, combined with our consistent focus on our highest-return priorities, will generate sustainable long-term value for all stakeholders."
Key Operating Highlights - First Quarter Fiscal 2021
- Record gross revenue for adult-use cannabis of $69.6 million in the first quarter, an increase of 23% from prior quarter and the sixth consecutive quarter of growth.
- Net cannabis revenue of $62.5 million in the first quarter, an increase of 103% from prior year quarter.
- Net revenue of $145.7 million in the first quarter, an increase of 16% from prior year quarter and decrease of 4% from prior quarter, solely due to lower distribution revenue driven by the COVID-19 global health crisis.
- Cash cost to produce dried cannabis per gram of $0.87 in the first quarter, a decrease of 1% from the prior quarter, and decreased for the fourth consecutive quarter.
- Adjusted EBITDA from cannabis business of $10.4 million in the first quarter, an increase of 11% from the prior quarter.
- Adjusted EBITDA of $10.0 million in the first quarter, an increase of 17% from the prior quarter.
- Ended first quarter with a strong balance sheet and liquidity, including $400.0 million of cash and cash equivalents to fund planned Canadian and International growth.
- Aphria transferred its stock exchange listing from the New York Stock Exchange to The Nasdaq Global Select Market ("Nasdaq") on June 8, 2020. This transition did not impact the Company's primary listing on the Toronto Stock Exchange (TSX: APHA).
- Filed Prospectus supplement for $100 million (USD) At-the-Market program ("ATM Program") on July 29, 2020 which the Company plans to use for acquisition opportunities.
- Good Supply and P'tite Pof launched large-format SKUs, and launched new brand B!NGO, a large format, economy brand utilizing lower potency cannabis.
Curaleaf Holdings, Inc. (CSE: CURA) (OTCQX: CURLF), a leading vertically integrated multi-state cannabis operator in the United States, today announced the launch of its latest collection of vape cartridges, Curaleaf Live Blends, in Florida. A first of its kind product in the industry, Live Blends are formulated with a proprietary blend of live and botanical terpenes that deliver a flavor and experience not seen before.
By combining the benefits of live terpenes and the flavor of natural botanicals, Curaleaf Live Blends provide an optimized experience in both taste and effect. Each cartridge combines the strain-specific Solventless Terpene Extract (STE) of freshly harvested cannabis with a micro-infusion of botanical terpenes. This unique process results in the cleanest and broadest spectrum of live terpenes and other fragrant cannabis compounds. The premium distillate features an enhanced experience in flavor and result.
"Florida is the first market in the country to offer our premium Live Blends products as we aim to help a wider group of patients find relief through these flavorful and efficient cartridges," said Joe Bayern, President of Curaleaf. "Our patient-first approach to the R&D process has garnered positive reviews for our recently debuted NANO Drops, first-to-Florida market Sublingual tablets, and Select Elite Live cartridges that launched in the state earlier this year. We are proud to debut another innovative product to the patients of Florida."
Live Blends products feature fruitier and more approachable flavor profiles that are expertly paired with strains for an optimal consumption experience. This product line is ideal for patients who prefer a sweeter taste experience and those interested in trying live terpene vape cartridges but who may be unaccustomed to the intense cannabis flavors often found in conventional live products.
Curaleaf Live Blends are launching five unique hybrid strains to medical patients across the state to start, with additional combinations to debut in the coming months.
Florida is a fast-growing medical cannabis market. Currently, there are more than 420,000 medical patients enrolled in the Florida program - about 1.7% of the state's population - with approximately 5,000 new patients joining each week. Live Blends is the fourth product to enter Curaleaf Florida's medical market this year, after its Sublingual Tablets, Select Elite Live cartridges, and Curaleaf NANO Drops.
BevCanna Enterprises Inc. (CSE: BEV) (OTCQB: BVNNF) provided an update today on their partnership with the award-winning Keef Brands. The partnership positions BevCanna very well for rapid growth within the U.S. market, in anticipation of positive federal regulatory reform with the U.S. federal cannabis legalization.
BevCanna's North American agreement with Keef Brands leverages the strengths of both companies to full advantage. BevCanna will act as the exclusive licensee, manufacturing and distribution partner to the award-winning U.S. line of Keef infused beverages for the Canadian market, and the Company will leverage the extensive Keef U.S. manufacturing and distribution network to access the U.S. cannabis market, which includes more than 1,000 dispensaries and delivery services across Colorado, California, Arizona, Nevada, Michigan, Oklahoma, and Puerto Rico.
"This partnership with Keef Brands is a fantastic opportunity for BevCanna," said John Campbell, Chief Strategy Officer for BevCanna. "Keef's robust U.S. manufacturing and distribution network will be a significant asset to BevCanna's expansion plans in the U.S. and BevCanna's expertise in the Canadian infused beverage market will build Keef's Canadian presence. It's a strong combination, with excellent potential for both companies.
Keef Brands currently offers six of the top ten-selling cannabis beverages in Colorado as well as three of the top ten-selling in California. Keef Brands ranks second in the U.S. in units sold amongst all cannabis beverage companies. As more clarity develops around cannabis regulations in global jurisdictions, including the U.S., BevCanna will leverage the extensive network that propelled Keef beverages to its position as #2 beverage brand to scale distribution of their ready-to-launch house beverage brands, Anarchist Mountain and Gruv."
Anarchist Mountain and Gruv were developed through BevCanna's decades of experience in the wellness, beverage manufacturing, and consumer packaged goods (CPG) industries, developing products that are designed to appeal to Canadian, U.S. and international consumers. The Anarchist Mountain and Gruv brands focus primarily on the recreational market. BevCanna will also launch the Keef brand across Canada over the next two quarters, with the Anarchist Mountain and Gruv brands soon to follow.
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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