Investor Ideas Potcasts #611, Cannabis News and Stocks on the Move; (NASDAQ: HEXO) (TSX: HEXO), (CSE: TGOD) (CSE: RIV), (OTCQB: HCAND)
Delta, Kelowna, BC - November 4, 2021 (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 #611, Cannabis News and Stocks on the Move; (NASDAQ: HEXO) (TSX: HEXO), (CSE: TGOD) (CSE: RIV), (OTCQB: HCAND)
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 we look at a few public company announcements.
"This transaction creates two compelling, stand-alone entities: Halo, which will remain focused on adult-use cannabis in North America, and Akanda focused on medical cannabis for international markets," said Kiran Sidhu, Chief Executive Officer of Halo. "The separation provides each business with the flexibility to pursue its unique strategy and optimize its own capital structure, which we believe will lead to long-term success and value creation. This also significantly reduces Halo's overhead spend by approximately $9.6 million annually as Akanda intends to be self-funding, and takes the Company one closer step to profitability."
"Today marks a major step in Akanda's establishment as an international medical cannabis company with the goal of helping patients around the world lead better lives," commented Tej Virk, CEO and Director of Akanda. "As a separate entity forging our own path from Halo, Akanda has the right focus, structure and resources to fulfill our mission. At our GACP-certified Bophelo campus in Lesotho, we're leveraging the country's ideal growing conditions and exceptional talent pool to produce medical cannabis that we believe will be of the highest quality at an extremely competitive cost. We are set up to reach international markets through multiple channels, including through CanMart, our licensed UK-based importer and distributor, through Cantourage, one of Europe's leading EU GMP providers of medical cannabis with which we have an established distribution agreement, as well as through other progressive parts of the supply chain that we are actively working to build. We believe that we now have one of the industry's best platforms to gain market share and win in the rapidly growing international cannabis market."
Immediately following the completion of the Transaction, Halo owns approximately 68.3% of the issued and outstanding Akanda Shares.
The company also announced that it has entered into a share exchange agreement to acquire all of the issued and outstanding shares of Simply Sweet Gummy Ltd. , a health-conscious, low-sugar cannabis infused alternative confectionery company based in Vancouver, British Columbia. The Acquisition is expected to complement Halo's strategy to introduce higher-margin, proprietary products in one of the fastest growing parts of the cannabis market, cannabis edibles.
Simply Sweet has a portfolio of five proprietary formulations made from natural ingredients that are healthy, vegan, low-sugar and free from sugar-alcohols. These include Blueberry Buzz, Peach Dream, Watermelon Adventure, Sour Cherry Blast, and Strawberry Chill. In addition, Simply Sweet's products will be free of soy, gluten, nuts, and genetically modified organisms containing less than 1 gram of sugar per packet.
"Simply Sweet is right in the sweet spot of two major consumer trends: low-sugar sweets is the fastest growing segment in the confectionery market and edibles is the fastest growing in the cannabis market," said Kiran Sidhu, Chief Executive Officer of Halo. "Adding Simply Sweet to Halo's portfolio makes Halo an early mover in what we expect to be a rapidly growing space. We intend to strengthen our position in our California and Oregon markets by using Simply Sweet's base formulas for most our infused gummy and candy production."
Pursuant to the Share Exchange Agreement, in consideration for all of the issued and outstanding shares of Simply Sweet, which holds assets and formulations (including US$1 million in cash), Halo has agreed to issue 2,700,000 common shares in the capital of Halo ("Common Shares") to the current shareholders of Simply Sweet. Halo has also agreed to issue 202,500 Common Shares to an arm's-length finder. Simply Sweet has no long term debt obligations.
Closing of the Acquisition is subject to the satisfaction of customary closing conditions, including the approval of the Neo Exchange Inc. The Company expects the Acquisition to close in November 2021.
RIV Capital Inc. (CSE: RIV) (OTC: CNPOF) will report its financial results for the quarter ended September 30, 2021 before markets open on Thursday, November 18, 2021. The Company's unaudited condensed interim consolidated financial statements and management's discussion and analysis for the three and six months ended September 30, 2021 will be available on the Company's profile on SEDAR at www.sedar.com and on the Company's website at www.rivcapital.com/investors.
Following the release of its Q2 2022 financial results, RIV Capital will host a conference call and audio webcast with Narbe Alexandrian, President and Chief Executive Officer, Eddie Lucarelli, Chief Financial Officer, and Matt Mundy, Chief Strategy Officer and General Counsel, at 9:00 AM EST on Thursday, November 18, 2021.
Check out Investorideas recent interview with Narbe Alexandrian, CEO of Riv Capital here.
The Green Organic Dutchman Holdings Ltd. (CSE: TGOD) (OTC: TGODF), a leading producer of premium certified organically grown cannabis, announced that it has entered into a definitive agreement with Acosta Canada Corp for exclusive and dedicated sales representation of TGOD's adult recreational cannabis brands in key provinces across Canada.
The Company made the strategic decision to move away from a syndicated sales model in order to enable scaled growth with a dedicated sales force through greater product education, market penetration and distribution for its TGOD™, Highly Dutch Organic™ and Ripple™ brand portfolios in the key markets of British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Newfoundland.
"With dedicated sales representation in key markets, we are confident that we will see stronger product distribution at the retail level, enabling greater focus, control, and flexibility for increasing awareness, imparting product knowledge and budtender training, and influencing consumer sales transactions with our retail channel partners" commented Gayle Duncan, TGOD's Chief Growth Officer. "Acosta is a proven sales resource behind the most recognized leading brands which they represent to top retailers across Canada and the U.S. By leveraging their significant expertise in recruiting, training, and managing a dedicated force, we will optimize our engagement with retail budtenders and store managers, provide increased sales, merchandising and marketing support, and simply bring better value to them with minimal disruption to their operations," added Duncan.
TGOD also added a Regional Manager role for Quebec and Atlantic Canada to its team and named a Regional Manager in Calgary to support its presence in Western Canada.
"Acosta is thrilled to leverage our retail expertise and best-in-class systems and processes through our partnership with TGOD," said Bill Ivany, President of Acosta Canada. "TGOD and Acosta's shared values and focus on delivering growth make this new partnership an exciting one for delivering unified value to TGOD's industry partners through our dedicated team of TGOD representatives. We look forward to growing with TGOD in Canada and beyond in the coming years."
TGOD's product portfolio offers a wide array of categories, strains, potency, and formats. With the recent launches of Organic Sugar Bush Sativa and Organic Maple Kush Indica Flowers, Highly Dutch Marrakech Gold Blond Hash, and rapid-dissolving Ripple Quicksticks, the company continues to expand its portfolio to address the diverse needs and preferences of consumers who seek high-quality cannabis products and who appreciate TGOD's approach to organic cultivation, sustainability, and transparency.
In the past 9 months alone, pre-rolled joints have tripled in sales and are now the second largest category consumed. But the types of pre-rolls consumers are buying has changed.
Today's consumers are moving away from the traditional "Puff Puff Pass", instead opting for personal sized pre-rolls which now make up one third of total sales. Redecan, part of the Hexo Corp. (NASDAQ: HEXO) (TSX:HEXO) Family, continues to pioneer the category with the introduction of the King Pack. Containing a full ounce (28g) of Redecan's best-selling strain Wappa, the King Pack, with seventy 0.4g pre-rolls, satisfies consumers' insatiable appetite for larger pack sizes across all formats.
In addition to the King Pack, Redecan is upsizing all Redees strains to 0.4g, packing in more bud for an enhanced experience, with a slower burn at the same great price consumers have come to know and love. New fan favourite strains, Black Cherry Punch and Lilac Diesel join the lineup of Redees available in Ontario. And just in time for the holiday season, Redecan has introduced limited-edition 'Wrapped and Redee' Redees in our Glueberry OG strain. These Redees are wrapped in the holiday spirit and are available in three different coloured boxes, only while quantities last.
Lastly, through a strategic collaboration, BDSA, Deloitte Canada, and Hifyre Inc., the technology subsidiary of Fire & Flower Holdings Corp. (TSX: FAF) (OTCQX: FFLWF), revealed a new, in-depth cannabis pricing report entitled, "Price. It's Complicated. How Cannabis Pricing Differs From Other Consumer Goods".
Over the last several years, the medical and adult-use cannabis markets have seen rapid expansion across North America. The latest report from BDSA, Deloitte Canada and Hifyre™, unveils new consumer survey data alongside proprietary market and sales data, providing insights into the pricing dynamics of legal cannabis markets in both Canada and the United States and an understanding of the similarities and differences observed across the growing cannabis industry as compared to traditional CPG markets.
"Legal cannabis sales in Canada and the U.S. are growing rapidly and in speaking with our customers and examining the data, pricing is consistently indicated as a primary factor in purchasing decisions," said Matthew Hollingshead, President of Hifyre and Chief Innovation Officer at Fire & Flower. "As existing markets mature and new markets come online, cannabis pricing is expected to remain extremely volatile, though there are some similarities in trends to traditional CPG markets like consumers willing to pay a premium price for superior products or services."
"As the market continues to expand, understanding the role of pricing will be imperative to maximizing potential for brands and retailers," said Kelly Nielsen, Vice President of Insights and Analytics at BDSA. "Market growth brings opportunity, and we continue to see more brands and products entering the market. At the same time, though, consumers, manufacturers, and retailers are getting more sophisticated. In order to be competitive, it is important to understand how pricing plays a role in the decision-making process, and how pricing and product benefits can be leveraged to maximize potential."
"Pricing in the cannabis market is complex and dynamic, and is expected to remain so," said Sid Hathiramani, Partner, Risk Advisory at Deloitte Canada. "Business leaders must be careful when making assumptions based on other consumer industries, and instead analyze the data closely, stay informed on market and competitive activity, and contain costs in order to achieve target profits. Strong, data-driven business practices will set cannabis companies up for success."
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