Investor Ideas #Potcasts 593, #Cannabis News and #Stocks on the Move: (TSX: $WEED.TO) (NASDAQ: $CGC), (TSX: $VLNS.TO) (OTCQX: $VLNCF), (OTC: $LRSV) and (OTC: $ERBB)
Delta, Kelowna, BC, August 6, 2021 (Investorideas.com Newswire) www.Investoride, 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.
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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.
Link Reservations Inc. (OTC: LRSV), a provider of medicinal mushroom and cannabidiol (CBD) wellness products for both humans and pets, announced that its LinkResPet and DailyLifeCBD products will be available for purchase at Collins Tobacco & Vape Store 6750 Collins Miami Beach, a new stockist in Florida. The Company will initially stock its pet and human wellness products in two of Collins Tobacco and Vape’s shops as it looks to grow its retail presence in physical shops.
Rene Lauritsen, Link Reservations Inc CEO commented: “We are very excited about this retail relationship with Collins Tobacco & Vape and are in discussions to stock our products in two of their locations, with the hope to add more locations for consumers to purchase our pet and human products at their shops. It opens up more sources of revenue and product presence in the marketplace, building on our mission to increase consumer awareness of our exceptional product lines.”
The Company will be stocking its LinkResPet cat and dog CBD products, as well as its DailyLifeCBD mushroom-infused Immune product in two of the Florida retailer’s shops. Collins Tobacco & Vape has been in business for 12 years and currently has four locations in Miami and Miami Beach.
The CBD market is expected to be worth $216 Billion by 2028, growing at a CAGR of 45.6% from 2021. Remarkably, the pet CBD product sector is poised to outpace the growth of the human CBD product sector. As part of its strategy to grow sales, the Company is increasing the availability of its LinkResPet products, its product line tailored for pets, and its DailyLifeCBD products, aimed at humans, across both online and brick and mortar retailers. LRSV is targeting both smaller “mom & pop” customers as well as more online-focused ones as part of its growth plan. Included in this is the Company’s plans to stock their products on Amazon.com and at a later date Amazon UK.
Additionally, after launching its mushroom wellness product, Link Reservations Inc is exploring the opportunity to develop further mushroom infused product lines, in order to take advantage of the quick development of the small market. Moreover, and eventually if laws allow, the Company is also targeting the “magic mushroom” product niche.
LinkResPet’s products consist of CBD tinctures for dogs and cats. While DailyLifeCBD has a functional mushroom and CBD range of products including its DailyLifeCBD Immune tincture, as well as other CBD products in the pipeline. All products are made with the highest quality hemp oil and are lab tested, THC and GMO free. The hemp oil used in LRSV products comes from organically grown certified U.S. and European hemp. The Company ensures that its products undergo a rigorous process of quality control and testing using the latest scientific methods.
The Valens Company Inc. (TSX: VLNS) (OTCQX: VLNCF), a leading manufacturer of cannabis products, today launched two new flavours of the top-selling Summit 10 beverage in partnership with A1 Cannabis Company. Summit 10 Raspberry Lemonade and Summit 10 Peach Lemonade will be available as part of the Summit product lineup of THC-forward beverages and edibles.
Summit 10 Raspberry Lemonade and Summit 10 Peach Lemonade are refreshing 10mg THC beverages made with concentrated raspberry juice and natural white peach flavour respectively. Both drinks are non-carbonated and come in bottles with resealable lids, allowing for controlled consumption as desired. Summit 10 was developed using SōRSE by Valens emulsion technology and is designed for consumers seeking a higher dosage product with faster-observed onset times and reduced offset times. The two new flavours will first be available in British Columbia, with their introduction into the Alberta market to follow later this summer.
The Summit cannabis-infused beverage offerings have received positive reviews in Canada for their differentiated taste and customizable dosing from the industry and consumers alike. In addition to the new beverage flavours, the following products are currently available as part of the Summit lineup from A1 Cannabis:
● Summit 10 THC Lemonade Iced Tea (10mg THC) available in Alberta, British Columbia, Ontario, Manitoba, Saskatchewan, and Yukon, and ranked among the top three cannabis-infused beverage SKUs in participating Canadian markets, for the period May 1, 2021, to July 31, 2021*
● Summit Wild Berry Soft Chews (2 x 5mg THC) available in Alberta and Ontario
Basecamp CBD-only Iced Tea (15mg CBD), formulated using SōRSE by Valens technology, is also available from Valens and A1 in Alberta, British Columbia, Ontario, Saskatchewan, and Yukon. Valens will continue to produce and distribute cannabis-infused beverages out of its Kelowna campus with the intention to move beverage manufacturing to its facility in the Greater Toronto Area upon receipt of its Health Canada licence.
Canopy Growth Corporation (TSX: WEED) (NASDAQ: CGC) today announced its financial results for the first quarter fiscal 2022 ended June 30, 2021. All financial information in this press release is reported in Canadian dollars, unless otherwise indicated.
Highlights
● Achieved 23% revenue growth in Q1 2022 versus Q1 2021 driven by strong double-digit growth in both cannabis and other consumer products businesses.
● Maintained #1 market share1 in the tracked Canadian recreational cannabis market amid a highly competitive landscape.
● Completed acquisition of Ace Valley and Supreme Cannabis, with commercial and operational Integration progressing smoothly.
● Led by consumer insights, a robust innovation pipeline with over 100+ SKUs across key product categories set to hit store shelves from Q2 2022 to Q4 2022.
● Momentum with cannabis reform increasing as the Company continues to build its U.S. presence through broad portfolio of innovative CBD and CPG brands.
● Remains committed to accelerating top-line growth in the second half of fiscal 2022 and achieving positive Adjusted EBITDA by end of fiscal 2022.
"With the right strategy and strong foundation in place we are confident in our ability to deliver long-term success as Canopy's products and brands continue to demonstrate their appeal to consumers in our core markets," said David Klein, CEO, Canopy Growth. "While we're encouraged by regulatory advancement in the U.S., Canopy is not waiting as we continue to scale our business on both sides of the border with an exciting product pipeline planned for the coming quarters."
"We're continuing to drive cost savings and operational efficiencies across the company, and remain broadly on track to our target of $150-$200 million in fiscal 2022- fiscal 2023," added Mike Lee, CFO. "We look forward to scaling our new operating model in coming months as we push forward our profitability goals in fiscal year 2022."
American Green, Inc. (OTC:ERBB) announced that it has partnered with www.PetTreater.com, a leader in monthly pet subscription boxes. Pet Treater’s subscription-based service allows dog and cat owners to receive a monthly mystery box that surpasses the total value of their monthly subscription rate. The Tennessee-based company delivers an easy-to-understand service that is loved by thousands of dog and cat owners every month.
According to Erin Edwards, who is PetTreater’s Marketing and Purchasing Assistant, “We are thrilled about our new partnership with American Green. Their treats offer amazing quality and flavor for our customers’ furry babies. I believe our company is entering an invaluable cross-partnership.”
According to Kevin Davis, American Green’s VP of Worldwide Sales, “The partnership with PetTreater.com allows us to expand the distribution of American Green CBD dog and cat treats while providing superior value to every new customer. American Green has a great opportunity to gain market share in the rapidly increasing CBD Dog and CBD Cat verticals which are now growing at 40% annually in the US. A study conducted by the American Pet Products Association in 2019, revealed that nearly 39.0% of dog owners and 34% of cat owners are likely to prefer CBD-based products for their pets.”
PetTreater plans to incorporate the distribution of American Green gift vouchers into every PetTreater box (for the month of August in 2021). The vouchers are designed exclusively for this partnership and provide value to the PetTreater box while driving business to American Green’s online store. The voucher entitles the recipient to $25.00 worth of CBD Pet Products (+ Free Shipping) with a minimum spend of $60.00 (ie. $60.00 worth of CBD Pet Products for $35.00). Vouchers are redeemable against any of our CBD Products for dogs and cats which include: CBD Cat Treats, CBD Dog Treats and CBD Pet Tinctures.
Our Pet Vouchers will also ship out with all pet-related orders placed on www.AmericanGreenCBD.com for the entire month of August. Vouchers are also available upon request with any order placed in August. The company encourages all customers to pass along vouchers to friends and family who might benefit from the offer.
***Limit of 5 vouchers per customer will be employed to ensure quantities sustain.
According to David Gwyther, American Green’s president, “Through PetTreater, American Green will also be working with the Brown Dog Foundation, an organization providing financial help to pet owners needing life-saving surgeries for families who cannot afford such treatments. We are very excited to be part of this incredibly valuable effort.”
“Also, we have donated for auction a selection of American Green’s best CBD products for pets. All proceeds from the auction will go directly to Brown Dog Foundation, which has earmarked the funds to directly fund pet-related medical expenses. While our small contribution won’t change the world, we are able to make a life-saving difference one pet at a time,” concludes Kevin Davis.
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