Investor Ideas Potcasts #Cannabis News and Stocks on the Move: (TSX: $ACB.TO) (NYSE: $ACB), (TSXV: $NHP.V), (TSXV: $FIRE.V) (OTCQX: $SPRWF), (CSE: $HUGE.C) (OTCQB: $FSDDF) (CSE: $CROP.C) (OTC: $CRXPF)
Delta, Kelowna, BC - February 12, 2019 (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 edition of Investorideas.com potcastsCM- cannabis news and stocks to watch plus insight from thought leaders and experts.
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Investor Ideas Potcasts #Cannabis News and Stocks on the Move: (TSX: $ACB.TO) (NYSE: $ACB), (TSXV: $NHP.V), (TSXV: $FIRE.V) (OTCQX: $SPRWF), (CSE: $HUGE.C) (OTCQB: $FSDDF) (CSE: $CROP.C) (OTC: $CRXPF)
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Today's podcast overview/transcript:
Good afternoon and welcome to another Investorideas.com "potcast", looking at cannabis news, stocks to watch as well as insights from thought leaders and experts.
Today we are looking at announcements from Aurora Cannabis Inc. (TSX:ACB) (NYSE:ACB), Mondias Naturals Inc (TSXV: NHP), The Supreme Cannabis Company, Inc. (TSXV: FIRE) (OTCQX: SPRWF), FSD Pharma Inc. (CSE: HUGE) (OTCQB: FSDDF) and CROP INFRASTRUCTURE CORP. (CSE: CROP) (OTC: CRXPF).
The big news at market close yesterday was from Aurora Cannabis Inc. who released their financials for the Q2 2019 ended December 31st, 2018.
Some of the highlights included a net revenue of $54.2 million, up 83% sequentially, and up 363% compared to the same period in 2018, Q2 2019 kilograms produced and kilograms sold of 7,822 and 6,999 were up 57% and 162%, respectively, driven by continued and significant scale-up of Aurora's cultivation operations and strong demand across all the Company's markets and Aurora Sky is now fully complete and commissioned, and is expected to reach its full production capacity, based on Health Canada approved planted rooms, shortly.
The most significant driver of Aurora's revenue growth over the next twelve to eighteen months is the Company's scale-up of high-quality production available for sale to the Canadian consumer market and the Canadian and international medical markets. Aurora is now operating at an annualized production rate of approximately 120,000 kgs, based on Health Canada approved planted rooms, and expects to reach in excess of 150,000 kgs by March 31, 2019. Management reiterates previous guidance that based on the Company's current confirmed production results, Aurora will have approximately 25,000 kgs available for sale in Q4 (April to June 2019).
Aurora Cannabis Inc. also announced the Company's construction of a 300,000 square foot expansion at the Edmonton International Airport is progressing well. The new facility, named Aurora Polaris, is intended to serve as Aurora's centre of excellence for the industrial-scale production of higher margin, value added products, such as edibles which Health Canada regulations propose to permit from October 2019 onwards. Aurora Polaris will allow for enhanced capabilities for the Company's logistics and warehousing needs required to serve ever increasing global requirements. The facility is designed to include additional research and development space and is expected to be completed late 2019.
Mondias Naturals Inc announced that the research collaboration with McGill University has led to the identification of CELEXT07 signatory metabolite compounds, antibiotic properties and functional roles in plant physiology. This will lead to the development of several commercial products to meet emerging needs in bio-agricultural and organic markets and offer new chemical free solutions for the cultivation and food storage industries.
The chemical classes of compounds identified in the CELEXT07 extract confirms the botanical agent's properties associated with plant defense against biotic stress by boosting the plant's resistance as well as a biostimulant effect on growth. The identification of these compounds supports the previous research demonstrating CELEXT07's biostimulant and antifungal protective and treatment properties.
Mr. Jean-Philippe Gravel, CEO of Mondias Naturals stated, "These results validate Mondias' strategy to develop natural products for agricultural markets including post-harvest sub-markets. The CELEXT07 botanical extract will make a significant contribution to the bio-agricultural and organic markets and allow growers to offer horticultural products grown with no chemical agents. We are excited by this advancement since CELEXT07 is an eco-friendly alternative to synthetic fungicides."
The Supreme Cannabis Company, Inc. announced the release of its financial and operating results for the three and six months ended December 31, 2018.
Some of the financial and operational highlights included revenue for the Company of $7.72 million, a 359% increase from Q2 2018 ($1.68 million) and a 50% increase from Q1 2019 ($5.14 million), a Q2 2019 net comprehensive loss for the Company was $1.55 million, compared to a net loss of $2.03 million in Q2 2018 and a net loss of $5.39 million in Q1 2019 , Supreme Cannabis made its first shipments of 7ACRES branded High-End Cannabis™, (recently named Brand of the Year 2018 at the Canadian Cannabis Awards) to six of Canada's provincially regulated adult-use channels and the Company contracted Medipharm Labs Co. to facilitate the launch of the Company's cannabis oil products line.
"We're pleased with our second quarter results, which show meaningful revenue growth quarter-over-quarter and continues to reflect our strong operational execution," said Navdeep Dhaliwal, CEO of Supreme Cannabis. "Since Supreme received its license over two years ago, we have been one of the fastest scaling Licensed Producer's in Canada, demonstrated by one of the strongest first years of revenue in the sector."
FSD Pharma Inc., a licensed producer under the Cannabis Act, announced today that it has entered into a supply agreement with Canntab Therapeutics Ltd. and World Class Extractions Inc. to purchase hemp flower from Thomas Elcome. Pursuant to the agreement, the Purchasers have agreed to buy approximately 1,000 kg of the Supplier's 2018 hemp crop at a purchase price of $100.00 per kg per 1% of CBD extracted from the flower.
Working alongside Canntab and World Class, FSD will extract CBD from the organic hemp obtained in the purchase order. The Purchasers will process the hemp flower into gel capsules and tablets at the FSD facility in Cobourg, Ontario. This facility is currently being transformed into a large hydroponic indoor cannabis production and processing facility, with multiple business units co-supporting each other and operating under a single roof to exploit economies of scale and operational efficiencies.
The Purchasers are in the process of executing a second agreement with the Supplier for the right and option to purchase the Supplier's entire 2019 hemp crop and beyond.
CROP INFRASTRUCTURE CORP. announced today it has received confirmation that its San Bernardino retail cannabis business application has now advanced to stage four of the application review process.
As previously announced on July 5th 2018, CROP agreed to finance the purchase of real estate upon the granting of a California dispensary license. The proposed dispensaries will operate under the brand "Emerald Heights".
CROP and its partners will attend a special mayor and city council meeting to make a three minute presentation followed by a question and answer session. Subject to a successful outcome, Emerald Heights will be licensed to open its San Bernardino retail location on the city's busiest intersection next to the fairgrounds which has ample parking for customers.
CROP CEO, Michael Yorke, stated: "CROP has high expectations for Emerald Heights at this location. The team has done its market and location research very well and are now in the final phase of the application process in San Bernardino. We believe the community will enjoy the opportunity to share an elevated adult retail experience that the Emerald Heights brand will provide."
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