Investor Ideas Potcasts, Cannabis News and Stocks on the Move; Episode 584: Interview with Howard Tanyu, CEO of The Hub Craft
Delta, Kelowna, BC - July 7, 2021 (Investorideas.com Newswire) www.Investorideas.com, as.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 Potcast #584, Cannabis News and Stocks on the Move: Interview with Howard Tanyu, CEO of The Hub Craft
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 Investorideas interviews Howard Tanyu, CEO of The Hub Craft, where we discussed the company's new celebrity co-branded products being launched over the next few months, the cannabis market in Massachusetts, as well as the company's focus on sustainability and social responsibility.
Howard has been active in the cannabis space since 2009 from indoor and greenhouse cultivation facilities to manufacturing facilities to retail stores, and delivery services. He has lead a team to establish standard operating procedures, design, build, and operate 4 greenhouses totaling 180,000 square feet on 10 acres. He also helped form strategic relationships with companies such as Capna Labs and The Bloom Brand that allow him to bring these California brands' IP to other states.
He has also received a provisional state permit in California for Distribution and Manufacturing as well as his municipal permit in Fitchburg MA for Cultivation, Manufacturing, and Distribution, with unanimous approval from the City Council.
The Hub Craft recently announced that Gary Payton, AKA The Glove, will launch Payton's Place exclusively licensed through The Hub Craft and distributed throughout the state of Massachusetts.
"Massachusetts, I am so thrilled to bring my custom strains, vapes and edibles to you. Payton's Place is a top-shelf product and I am excited to be working with The Hub Craft to get this cannabis line to retail throughout your state. My personal journey with my mother and her health catapulted my interest in the cannabis space. I have seen first hand how many people have been comforted by using marijuana. I had the opportunity to play in Boston and that's what makes this so special. Look out Massachusetts - Payton's Place is headed your way." said Payton.
"Gary is a powerhouse in all that he does. Our organization was highly motivated to collaborate with him. He has established his strains and has a proven track record. Not only is he well known in the sports arena, he is also very well known in the West Coast cannabis arena." stated Shivani Dallas, Chief Strategy Officer / The Hub Craft.
"Hall of famer, 2x Olympic gold medalist, NBA champion, defensive player of the year! Confident, inspiring and passionate are just a few of the accolades and characteristics of what Gary brings. An icon with proven success in the Cannabis industry, The Hub Craft family is proud and honored to bring 'The Glove' back to Massachusetts", said Howard Tanyu, Founder and CEO of The Hub Craft, LLC.
This was followed by the company announcing that Whoopi Goldberg's elevated and socially conscious cannabis product line will be exclusively licensed through The Hub Craft and distributed throughout the state of Massachusetts. Emma & Clyde, Whoopi's lifestyle management brand, is named after her late mother and brother.
"I am thrilled to be working with the Hub Craft and see the great response from the MA dispensaries about this collaboration with The Hub Craft," said Goldberg.
"Whoopi Goldberg was one of the first celebrities to highlight the benefits of cannabis and advocate for legalization, despite years of social stigma. As one of the most accomplished celebrities, we are so proud to be working with such an inspiring and amazing person," said Howard Tanyu, Founder and CEO of The Hub Craft, LLC.
When asked about the advantages to operating in the Massachusetts market, Howard commented, "I've been in the cannabis industry about 13 years now, and have been operating in the California market. We realized that a lot of the potential entrepreneurs want to get into the California market because it's still the biggest in the world. The issue though is the abundance of licences. The last time I looked there was about 10,000 licenses. Massachusetts currently has about 240 to 250 licenses. If you take a look at both those states and make that comparison, you see that there is saturation. In Massachusetts you have high humidity and the temperatures can get very low, so outdoor and greenhouse grows aren't as competitive as they are in California, therefore the margins and the price of cannabis per pound is much higher in Massachusetts. They're averaging about $3,500 to $4,000 per pound whereas in California it's anywhere between $1,800 to $2,500 per pound. The overhead costs are also a lot different. On a leased property lets say you're paying about $1 a square foot in Massachusetts, whereas in California it goes all the way up to $2.50 per square foot. So the cost of production is much higher in California, whereas in Massachusetts it's much lower and you're selling your cannabis much higher. Massachusetss is also the gateway to the East Coast and the main driver there."
Tanyu also discussed company's strategy of working with local strategic partners to both minimize risk as well as add to the local economy and support local talent, commenting , "one of the first questions we ask is; How do we make everybody win? How do we make the customers win? How do our partners win? Does it have a positive socio economic impact? These are the questions that we ask first before anything else. That's partly why we are vertically integrated as it allows us to de-risk the project but at the same time, be able to be a driver in the industry. We understand that there are other companies ahead of us right now but we don't need to follow the traditional route to getting to the end goal. For us it's about making sure that everything we touch we leave better than when we found it. If it's not creating a positive impact then maybe it's not the right area for us to be in."
Tanyu went on to discuss the company's focus on sustainability as well as what investors and customers can expect from The HUb Craft over the next few months with regards to product launches and production capabilities.
To find out more about The Hub Craft visit their website here.
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