#Cannabis Drinks Boosting #Business (OTC: $HIPH)
(NASDAQ: $NBEV) (TSX: $TGOD.TO) (NYSE: $HEXO)
Point Roberts, WA and Delta, BC - August 14, 2019
(Investorideas.com Newswire) Investorideas.com, a leading investor news
resource covering hemp and cannabis stocks releases a snapshot reporting on
recent news and developments in the CBD beverage sector.
The future of the beverage market is clearly pointing
to the cannabis industry. A recent Forbes article sums it up, "Cannabis
drinks are already big business, and they're growing fast. When people think
about cannabis, the first thing that comes to mind is usually smoking it, then
vaping it or eating it inside an edible. Until recently, the idea of drinking
cannabis wasn't really on most people's radars. But that's starting to
change"
American Premium Water Corporation (OTC: HIPH), known for its LALPINA CBD water, just reported today that the two-container order the Company received earlier this year is
on track for delivery in September. This order will generate over $200,000 in
topline revenue. Due to ongoing fluctuations in the British Pound, the final
sale amount from this order will be realized at delivery according to Generally
Accepted Accounting Principles (“GAAP”).
Read this in full at https://www.investorideas.com/news/2019/cannabis/08141CannabisDrinks.asp
American Premium Water Corporation CEO, Ryan
Fishoff stated: “The Company continues to execute its business plan. With
completion of financing from this delivery and other sales and revenue
initiatives, I am confident that the Company will surpass its most recent
guidance of $1 million in revenue for the 2019 fiscal year. The Company is
focused on deriving roughly 50% of revenue from outside the US; this order will
help guide us to that benchmark. The Company is generating revenue from other
outlets, with larger transactions in the pipeline, which has given us the
confidence to reaffirm guidance, including our JV with Hanlons Brewery.” (www.hanlonsbrewery.com)
“We are focusing all our energies and efforts into
exceeding the $1 million revenue target and we’re confident that we may very
well exceed it. We are also moving full steam ahead with our audit, led by our
retained auditors Weinberg & Co. (http://www.weinbergla.com/), and once
that is complete, begin the process to uplist. There are a lot of exciting initiatives
in the pipeline; I look forward to sharing updates with the investor community
on these and other developments in the near future.”
The company also reports, “LALPINA CBD water can
now be purchased online by visiting https://www.singleseed.com/product/lalpina-cbd-water-6-pack/”
NEW AGE BEVERAGES CORPORATION (NASDAQ: NBEV) reported on August 8th, “record financial results for the second
quarter ended June 30, 2019. The Company achieved record sales, with net
revenue reaching $66.3 million versus a prior year of $13.4 million, a growth
of 397%.”
According to Zack’s Research, New Age Beverages is
benefiting from strength in its portfolio of brands. This also includes the
enhancement of cannabis-infused beverage portfolio.
Additionally, the company is on track to expand its
core brand portfolio. It is likely to gain from its strategic buyouts such as
the Morinda acquisition. Notably, it is in the process of integrating Morinda
into New Age. This acquisition was completed on Dec 21, 2018.
Furthermore, New Age Beverages has been
strengthening its foothold in the e-commerce distribution system. Moreover, it
is focused on accelerating business in the second half of 2019 by strengthening
organic growth, with the launch of CBD portfolio, expanding core brands’
national distribution in the United States, and a number of other initiatives
in the second quarter and throughout the rest of 2019.
KEY HIGHLIGHTS:
Net revenue reached an all-time high of $66.3 million, up 397% over Q2
2018 and a 14% increase sequentially from Q1 2019.
Gross margins increased to 63% compared to 13% in the prior year
quarter.
Achieved positive Adjusted EBITDA compared to a loss of $2.2 million in
Q2 2018 and a net loss of $11.7 million during Q2 2019.
Maintained strong Balance Sheet with cash of $83.6 million and positive
working capital of $57.8 million
“We are pleased with our second quarter operating
results, which again exceeded our guidance in revenue and positive Adjusted EBITDA,”
stated Brent Willis, Chief Executive Officer of New Age Beverages. “We finished
the quarter strong and believe that we will see good organic growth in the
second half of 2019. With the strength of our balance sheet and the improved
sales and marketing capabilities that we added with the Brands Within Reach
acquisition, we believe we are building excellent momentum for continued
improved operating performance in the back half of the year.”
On July 29th, HEXO Corp (TSX: HEXO) (NYSE: HEXO) reported its
cannabis products are now available to Alberta consumers for the first
time after finalizing an agreement between HEXO and Alberta Gaming, Liquor and
Cannabis (AGLC).
Continued: The agreement provides AGLC with HEXO’s nine dried
flower products and award-winning Elixir oral sprays, making them available at
the Alberta Cannabis online store and to all of the nearly 200 private retail
stores in the province.
“This agreement marks the latest achievement in the
development of HEXO’s presence in Western Canada and our goal to be top two in
market-share in the country,” said HEXO Corp CEO and co-founder, Sebastien
St-Louis. “Alberta represents one of the largest cannabis markets in Canada and
we are thrilled to see our products are available to Albertans across the
province.”
With HEXO and Up Cannabis brands, HEXO products are
available in nine provinces, expanding the Company’s footprint in Canada and
providing more choice for consumers.
Hexo made headlines last year with its partnership
with Molson Coors announcing “Molson Coors Canada and HEXO Announce Agreement
to Create Joint Venture Focused on Non-Alcoholic, Cannabis-Infused Beverages
for the Canadian Market.”
In a recent CTV news interview Gavin Hattersley, who currently heads the
MillerCoors US operations, said. “The
company intends to discuss at its next quarterly call the brands of Truss
non-alcoholic cannabis-infused beverages that its joint venture partner
marijuana producer Hexo Corp. will begin to sell after the product is legalized
later this year.”
“Mark Hunter said Molson Coors dipped its toes in the cannabis space a
year ago to "be on the playing field" as demand for these beverages
expands to other geographies, including the United States once
"legislative complications" are addressed. Marijuana is illegal in
the U.S. at the federal level, but many in the space believe the political
winds are shifting.”
The Green Organic Dutchman
Holdings Ltd. (TSX: TGOD) (TGODF)
expects to release its second quarter 2019 earnings today, Tuesday, August 13,
2019 after market close. The Company will hold a conference call conducted by
Brian Athaide, Chief Executive Officer, and Sean Bovingdon, Chief Financial
Officer, on August 14, 2019 at 9:00 am Eastern Time to discuss the results and
future outlook.
The company also just recently
announced that it has submitted an application to list its common shares on the
NASDAQ. This followed news that that it successfully renewed its Health Canada licences for the
Company's Ancaster, Ontario facility until August 2022. As per the Cannabis Regulations, these
licences authorize TGOD to cultivate, process and sell cannabis from its
Ancaster site.
In May they reported the Company's strategic
investment into the US beverage space as a co-founding investor and strategic
partner in the newly formed Califormulations LLC
("Califormulations"). Califormulations will operate out of Columbus,
Georgia serving global branded companies with concept-to-shelf beverage
commercialization support including formulation development, technical
services, in-house pilot scale production and contract manufacturing
co-ordination. TGOD will work with Califormulations to expedite the US launch
of TGOD branded organic hemp-based CBD beverages, as local laws and regulations
permit.
"We are incredibly excited to partner with
Califormulations to further our development of hemp-based CBD beverage
products," said Brian Athaide, CEO of TGOD. "With the US market for
functional beverages, including wellness, energy and sport recovery, currently
worth over USD$20 billion, we want to remain on the cutting edge of innovation
and establish the foundation for future proprietary and novel TGOD-branded
products. TGOD strives to partner with established industry leaders, and we
believe that this forward-looking strategic partnership positions TGOD to
capitalize on the future cannabinoid beverage market."
The recent mass exodus of key executives from the
food and beverage sector to take leading roles in the cannabis industry points
to the future of beverages; drinking up the profits of a new era in the sector.
For investors
following cannabis stocks, Investor Ideas has created a stock directory of publicly traded CSE, TSX, TSXV, OTC, NASDAQ, NYSE, ASX
Marijuana/Hemp Stocks
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