New #Stocks to Watch at Investor Ideas in Tech (Nasdaq: $VRAR) (NYSE: $FORG), Cannabis (CSE: $BCBC.C), Vegan (CSE: $BITE.C) and Mining (CSE: $NVLH.C) (CSE: $HAMR.C)

New #Stocks to Watch at Investor Ideas in Tech (Nasdaq: $VRAR) (NYSE: $FORG), Cannabis (CSE: $BCBC.C) and Vegan (CSE: $BITE.C)

 

Stocks to Watch in Mining (CSE: $NVLH.C) (CSE: $HAMR.C)

 

 

Point Roberts WA, Delta BC, October 8, 2021 – (Investorideas.com Newswire) Investorideas.com, a global news source and expert investing resource, announces its weekly roundup of stocks to watch in Tech, Cannabis, Vegan and Mining. Today’s stocks have been added to our lists of free stock directories in each sector.

 

Read this in full at https://www.investorideas.com/news/2021/main/10081Stocks.asp

 

The newest tech stocks are involved in cloud computing, e-commerce, AR/VR, Internet websites, mobile apps and general technology.

 

The latest cannabis and vegan companies are CSE-listed with operations in Canada.

 

The newest mining companies are involved in silver and lithium mining respectively.

 

New stocks added to Tech Stocks Directory:

BnSellit Technology Inc. (CSE: BNSL) is a technology company that connects guests staying in Short-Term Rental (‘STR’) properties with items offered for sale or rent by STR owners and managers (‘Hosts’).  With the BnSellit app, Hosts can quickly and easily post and manage items located on site for sale or rent. Items which can significantly increase revenue per stay. These items can include local souvenirs, decor, essential items, snacks, toiletries, art, antiques and activity kits. Hosts can also rent bicycles, golf clubs or sell access to hi-speed internet for even more revenue.  When guests arrive at a BnSellit Host location, they are presented with simple instructions on how to view, purchase or rent available items.

 

Thoughtworks Holding (Nasdaq: TWKS) is a global technology consultancy that integrates strategy, design and engineering to drive digital innovation. Thoughtworks is 9,000+ people strong across 48 offices in 17 countries. Over the last 25+ years, we’ve delivered extraordinary impact together with our clients by helping them solve complex business problems with technology as the differentiator.

 

Outbrain Inc. (NasdaqGS:OB) is a leading recommendation platform for the open web. Our technology enables 10 billion daily recommendations to consumers across more than 7,000 online properties and connects advertisers to these audiences to grow their business. Founded in 2006, Outbrain is headquartered in New York with offices in 18 cities worldwide.

 

D-MARKET Electronic Services & Trading (NasdaqGS:HEPS) is a leading e-commerce technology platform in Turkey, combining a globally proven e-commerce business model with a one-stop 'Super App' to cater to our customers' everyday needs and to help make people's daily lives better. Customers can access a broad range of products and services including same-day delivery of groceries and essentials, products from international merchants, airline tickets and payment services through our embedded digital wallet, HepsiPay. In 2020, we seamlessly connected 33 million members and approximately 45 thousand Active Merchants. Founded in Istanbul in 2000, Hepsiburada was built to lead the digitalization of commerce in Turkey. As a female-founded organization, we are committed to meaningful action to empower women. Through our 'Technology Empowerment for Women Entrepreneurs' programme, we have reached over 23,000 female entrepreneurs across Turkey to date.

 

Glimpse Group, Inc. (Nasdaq: VRAR) is a diversified Virtual and Augmented Reality platform company, comprised of multiple VR and AR software & services companies, and designed with the specific purpose of cultivating companies in the emerging VR/AR industry. Glimpse's unique business model simplifies challenges faced by VR/AR companies and creates a robust ecosystem, while simultaneously providing investors an opportunity to invest directly into the emerging VR/AR industry via a diversified platform.

 

ForgeRock, Inc. (NYSE:FORG) is a global leader in digital identity that delivers modern and comprehensive identity and access management solutions for consumers, employees and things to simply and safely access the connected world. Using ForgeRock, more than 1300 global customer organizations orchestrate, manage, and secure the complete lifecycle of identities from dynamic access controls, governance, APIs, and storing authoritative data – consumable in any cloud or hybrid environment. The company is headquartered in San Francisco, California, with offices around the world

 

EzFill Holdings Inc (Nasdaq: EZFL) is a leading participant in the fast-growing mobile fuel industry, with the largest market share in its home state of Florida. Its mission is to disrupt the gas station fueling model by providing consumers and businesses with the convenience, safety, and touch-free benefits of on-demand fueling services brought directly to their locations. For commercial and specialty customers, at-site delivery during downtimes enables operators to begin their daily operations with fully fueled vehicles.

 

New Stocks added to Cannabis Stocks Directory:

BC Bud Corporation, The (CSE: BCBC) is a house of brands created by industry professionals who are passionate about the user experience and ever-changing consumer demand. Founder-led and based in British Columbia; we take the heritage of BC Bud seriously

 

New Stocks added to Plant-based/Vegan Stocks Directory:

Blender Bites (CSE: BITE) is a Canadian company involved in the development and marketing of a line of premium frozen food products with a focus on functionality. Blender Bites was founded in 2016 and sells a pre-portioned “easy smoothie” product that is free of any unnecessary inner plastic packaging. Blender Bites products are organic, vegan, non-GMO, gluten free, dairy free and soy free. They contain no added sugars and are made in Canada. Blender Bites products are distributed nationally across Canada and are currently sold in over 800 stores, including Sobeys, Safeway, Save on Foods, Whole Foods Market, Buy-Low/Nesters, IGA and Fresh Street, with a launch planned into the United States marketplace. Blender Bites anticipates expanding its plant-based footprint in North America through organic growth of the existing brand and through new acquisitions.

 

New Stocks added to Mining Stocks Directory:

Silver Hammer Mining Corp. (CSE: HAMR) formerly Lakewood Exploration Inc- is a junior mining company involved in the business of acquiring and exploring mineral properties in Canada and the United States. The Company has been primarily involved in the exploration and evaluation of the Lacy Property, located within the Nanaimo and Alberni Mining Divisions of British Columbia.

 

Nevada Lithium Resources Inc. (CSE: NVLH) is a mineral exploration and development company in the business of acquiring, exploring, evaluating, and developing natural resource properties. The company has acquired or has under option to acquire a 50 per-cent interest in the Bonnie Claire Project located in the Sarcobatus Flat, Nye County, Nevada. The Bonnie Claire Project is prospective for sediment-hosted lithium and lithium brines.

 

The directories are not meant as recommendations but as a research tool to discover opportunities and trading ideas in a particular sector.

 

Investors can trade these stocks and other ideas on our site using our list of top stock trading apps including Robinhood, Acorn, Stash and others.

 

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#Energy #Stocks in the News: Foothills Exploration (OTC: $FTXP) @Foothills_FTXP Starts Geochemical Survey of Wind River Basin Properties

#Energy #Stocks in the News: Foothills Exploration (OTC: $FTXP) @Foothills_FTXP Starts Geochemical Survey of Wind River Basin Properties

 

LOS ANGELES, CA – October 8, 2021 – (Investorideas.com newswire and Oilandgasstocknews.com) Breaking oil and gas stock news – Foothills Exploration, Inc. (OTC: FTXP), an oil and gas exploration and development company focused on delivering the energy needs of today and tomorrow, announced today that it has engaged Geochemical Insight to execute a geochemical survey on a portion of the Company’s acreage in the Beaver Creek East (“BCE”) project located in Fremont County, Wyoming.

 

Read this news, featuring FTXP in full at https://www.investorideas.com/news/2021/energy/10081FTXP-Wind-River-Basin.asp

 

The Company is actively engaged in the last stage of its geological and geophysical delineation for its first drilling target in the BCE prospect, which has the potential to produce from several formations. The initial drilling program will have multiple objectives in a stacked-pay environment. The Company has identified nine different formations for its proposed exploration program. The geochemical survey will begin on October 9, 2021, and the sampling, analysis and reporting of the data is expected to take approximately six weeks to complete.

 

Geochemical Survey

The BCE geochemical survey will be conducted in Townships 33N and 34N 95W in Fremont County about 15 miles southeast of Riverton, Wyoming. The objective of the survey is to document the location of oil and gas seeps over the surveyed area in order to (i) reduce exploration risk for oil and gas by focusing drill targets on areas with hydrocarbon seeps and (ii) provide baseline environmental data of natural hydrocarbon seeps.

 

A total of 194 soil samples will be collected at 1/6-mile (~268 meters) intervals along 4- to 5-mile-long lines spaced 3,300 feet apart (~1 kilometer). All soil samples will be collected on foot off access roads. The samples will initially be analyzed for acid-extractable C1 through C4 hydrocarbons and samples with anomalous thermogenic C2+ hydrocarbons will be analyzed by Synchronous Scanned Fluorescence to look for aromatic hydrocarbon compositions indicative of condensate, light oil and heavy oil seeps.

 

Wind River Basin Wyoming Beaver Creek East Unit

The Company is developing a 16,387-acre multi-stacked pay Exploration Development Area in Fremont County, Wyoming, which is highly prospective for oil and natural gas. A third-party engineering report of the Company’s interest in the 16,387 acres located in the Wind River Basin, Wyoming, known as the Beaver Creek East Project, indicates Prospective Resources of approximately 21 million barrels of undiscovered oil, with a PV-10 value of $372 million (after risk).

 

Foothills’ acreage is in this large undrilled area and is along the eastern flank of a deeper sub basin in the Wind River Basin proper. Here a deep structural deposit called the Beaver Creek field has produced approximately 73.3 million barrels of oil and 934,781,606 MCF of gas. The Big Sand Draw field, updip to the south, has produced 62.0 million barrels of oil and 256,678,537 MCF of gas from multi-pay horizons. These are generally in the Frontier, Muddy, Dakota, Lakota, Morrison, Phosphoria, Tensleep and Madison formations.

 

About Geochemical Insight

 

Geochemical Insight is a Colorado-based company that turns multi-component geochemical data into information integrated with geological and geophysical data to reduce risk in petroleum, helium, hydrogen and mineral exploration. Geochemical Insight has designed, implemented and interpreted geochemical exploration surveys for the petroleum and mining industries since 2007. Emphasis is placed on linking surface seeps with reservoir fluids using forensic geochemical tools with the ultimate goal of reducing exploration risk. They are contracted by clients to help:

• Focus on leasing, seismic and drilling
• Determine if targets contain petroleum, helium and/or water
• Evaluate oil-field brines for lithium potential
• Identify by-passed or deeper production
• Map reservoir trends and sweet spots
• Estimate light moveable oil quantities in shale reservoirs

 

For additional information please visit www.geochemicalinsight.com.

 

About Foothills Exploration, Inc.

Foothills Exploration, Inc. (“FTXP” or the “Company”), is an oil and gas exploration and development company focused on delivering the energy needs of today and tomorrow. The Company’s strategy is to build a balanced portfolio of assets through two core initiatives. The first initiative is to generate high-impact oil and gas exploration projects. The second is to invest in hydrogen and geothermal projects for a low carbon future through its New Energy Ventures division by identifying areas where the Company can contribute to a viable, realistic, and balanced future energy mix. For additional information please visit the Company’s website at www.foothillspetro.com.

 

Forward-Looking Statements

All statements, other than statements of historical facts, included in this release that address activities, events or developments that we expect, believe or anticipate will or may occur in the future are forward-looking statements. These statements are based on certain assumptions we made based on management's experience, perception of historical trends and technical analyses, current conditions, capital plans, drilling plans, production expectations, our ability to raise adequate additional capital, or enter into other financing arrangements to support our acquisition, development and drilling activities, anticipated future developments, and other factors believed to be appropriate and reasonable by management. When used in this release, words such as "will," “possible,” "potential," "believe," "estimate," "intend," "expect," "may," "should," "anticipate," "could," "plan," "predict," "project," "profile," "model," "strategy," "future" or their negatives or the statements that include these words or other words that convey the uncertainty of future events or outcomes, are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. In particular, statements, express or implied, concerning our future operating results and returns or our ability to acquire or develop proven or probable reserves, our ability to replace or increase reserves, increase production, or generate income or cash flows are forward-looking statements.

 

Forward-looking statements are not guarantees of performance. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond our control. While forward-looking statements are based on assumptions and analyses made by us that we believe to be reasonable under the circumstances, whether actual results and developments will meet our expectations and predictions depend on a number of risks and uncertainties which could cause our actual results, performance, and financial condition to differ materially from our expectations. As a result, no assurance can be given that these assumptions are accurate or that any of these expectations will be achieved (in full or at all) or will prove to have been correct. We have had sporadic and limited revenue and our securities are subject to considerable risk. Investors are cautioned to review FTXP’s filings with the OTC Markets for a discussion of risk and other factors that affect our business. Any forward-looking statement made by us in this news release speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future development or otherwise, except as may be required by law. The Company intends that all forward-looking statements be subject to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995.

 

Investor Contact

Christopher Jarvis

EVP of Finance

(800) 204-5510

ir@foothillspetro.com

 

Paid News -Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Disclosure : this news release featuring FTXP is a paid for news release on Investorideas.com  More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

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Investor Ideas #Potcasts 607, #Cannabis News and #Stocks on the Move; (Nasdaq: $HITI), (CSE: $FFNT.C), (OTCQX: $AAWH), (TSXV: $KHRN.V), (CSE: $DELC.C)

 

Investor Ideas #Potcasts 607, #Cannabis News and #Stocks on the Move; (Nasdaq: $HITI), (CSE: $FFNT.C), (OTCQX: $AAWH), (TSXV:  $KHRN.V), (CSE: $DELC.C)

 

Delta, Kelowna, BC, October 7, 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.

 

Listen to the podcast:

https://www.investorideas.com/Audio/Podcasts/2021/100721-StocksToWatch.mp3

 

Read this in full at https://www.investorideas.com/news/2021/cannabis-potcasts/10071HITI-FFNT-AAWH-KHRN-DELC.asp

 

Hear Investor ideas cannabis potcast on iTunes  

 

Hear the investor ideas potcast on Spotify

 

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.

 

4Front Ventures Corp. (CSE: FFNT) (OTCQX: FFNTF), a vertically-integrated, multi-state cannabis operator and retailer, today announced that it has signed definitive agreements on October 6, 2021, to acquire New England Cannabis Corporation, a best-in-class cannabis cultivator, with state-of-the-art facilities based in Holliston, Massachusetts. Upon closing, the Transaction is expected to be significantly accretive to the Company's EBITDA expectations for 2022 and will immediately scale 4Front's presence as a dominant wholesaler and producer in the State.

 

Massachusetts' competitive adult-use cannabis market is rapidly growing and 4Front has

already introduced its full suite of popular brands in the State which have achieved wide-scale consumer support. The Company expects the acquisition of NECC to significantly expand 4Front's strategic position and enable broader market penetration of 4Front's diverse range of low-cost, high-quality products and brands.

 

As a technological leader within the industry and one of the newest independent cannabis companies in Massachusetts, NECC's fully operational 55,000 sq. ft. licensed cultivation facility strengthens 4Front's expanding footprint in this important limited-license state. The Transaction will more than double 4Front's total flower canopy in Massachusetts to over 30,000 sq. ft, with further expansion potential for up to an additional 10,000 sq. ft. of canopy, and will approximately triple 4Front's kitchen, processing and distribution space. The NECC facility will supplement the products sold through 4Front's existing "Mission" dispensaries and further strengthen the Company's presence in the Massachusetts wholesale market.

 

"The acquisition of New England Cannabis reinforces our core thesis of bringing scaled, low-cost production and operational depth to attractive, nascent, adult-use cannabis markets" said Leo Gontmakher, Chief Executive Officer of 4Front. "The addition of NECC's impressive operations will increase our canopy, kitchen capacity, and add to our extraction capabilities overnight, greatly bolstering our position in the Massachusetts market  to become a leading wholesaler of our full suite of products and brands. This acquisition firmly anchors our foothold in the Northeast, and NECC's state-of-the-art facility will help to drive our growth in the years ahead as we execute on our goal of achieving dominant market share in every geography we operate. I look forward to working with NECC's seasoned team and leveraging their extensive operational experience as we continue to scale."

 

Ascend Wellness Holdings, Inc. (CSE: AAWH.U) (OTCQX: AAWH), a multi-state, vertically-integrated cannabis operator, and Edie Parker, a luxury fashion brand known for its vintage-inspired clutches and handbags, today announced the debut of Flower by Edie Parker pre-rolls in Massachusetts. In May, AWH and Edie Parker announced an exclusive wholesale licensing agreement to bring Flower by Edie Parker products to emerging adult-use markets in Massachusetts and Illinois. The coveted West Coast brand first expanded beyond California earlier in March by launching sales in Colorado.

 

Flower by Edie Parker is now available at AWH's flagship Boston location at 272 Friend St and became available statewide via AWH's distribution network on October 3rd. By early November, patients and consumers in Illinois will also be able to purchase Flower by Edie Parker pre-rolls at all eight of AWH's retail locations. Elegantly packaged and sold in new 'Best Buds' twin packs of 0.5 gram pre-rolls, customers can choose from three distinct offerings including:

●        Early Bird, a sativa product featuring a light and creative flavor that pairs well with morning hike or mid-afternoon coffee.

●        Happiest Hour, a hybrid product that's party perfect, ideal for hanging with friends or a night out dancing.

●        Nightcap, an indica perfect for evening or any relaxation ritual.

 

"Edie Parker's brand is known for its elegant aesthetic and devotion to delivering top-notch cannabis products and accessories," said AWH Founder and CEO Abner Kurtin. "We believe Edie Parker will elevate and expand the selection at AWH stores, enticing new customers and delighting returning ones. Bringing this exceptional West Coast brand out East is part of our ongoing strategy of developing deeper relationships with customers in our existing markets, and we are excited to bring Edie Parker's products to this increasingly sophisticated audience."

 

In addition to debuting its pre-rolls in Massachusetts and Illinois, Edie Parker will offer a curated assortment of the brand's vibrant and artisanal cannabis accessories wherever their products are sold and plan to launch a number of brand activations at AWH stores over the next month.  AWH pop-ups will include Edie Parker's acclaimed branding featuring imagery, banners and whimsical activations similar to the brand's most recent New York Fashion Week event.

 

"Our brand is all about celebrating cannabis with others, and we are thrilled to share our distinctive line of products with two new communities of consumers," said Brett Heyman, Founder of Flower by Edie Parker. "The idea behind our Best Buds pre-rolls is to share premium cannabis with your best bud. No matter the occasion, our line of products was created to surprise and delight. The AWH team shares our commitment to bringing fun yet polished cannabis experiences to the everyday consumer, and our partnership enables us to show even more consumers how to be loud and proud about their love for the plant."

 

A recent opinion article discussed the many benefits of the Massachusetts’ cannabis model commenting that the state and how other states are taking noticed as “Massachusetts has taken the lead by developing a regulatory framework that protects both the state and consumers by creating an environment that reflects a healthy balance between centralized licensing and enforcement authority — housed in the Cannabis Control Commission (CCC), and local autonomy in the selection and vetting of the participants and applicable zoning enforcement.”

 

Khiron Life Sciences Corp. (TSXV: KHRN)(OTCQX: KHRNF), a vertically integrated international cannabis leader with core operations in Latin America and Europe, announced that the Company presented results from its first research study including 1,453 patients from Khiron-owned Zerenia Clinics at the 29th International Pain Conference in Barranquilla, Colombia, organized by ACED, the Colombian chapter of the International Association for the Study of Pain (IASP).

 

The study, entitled "Prescription patterns and clinical outcomes in a cohort of patients receiving progressive therapy with cannabinoids for medical use in Colombia", is a longitudinal, retrospective cohort study including 1,453 patients receiving treatment with medical cannabis at Khiron-owned clinics in Colombia, Zerenia and ILANS.

 

The scope of research was to capture patient-reported outcome measures (PROMS) and patient-reported experience measures (PREMS) of general efficacy, adherence, and side effects of oral formulations ranging in cannabinoid content for the treatment of different health conditions with a diverse patient base over a twelve-month period.

 

The research protocol was reviewed and approved by the Scientific Institutional Committee and the Research Ethical Committee of the Universidad del Bosque, in Colombia, one of the leading institutions on medical research in the region.

 

Demographic results reported most patients were female (73%) with and average age of 59.3 years old, which is in strong contrast with results arising from Project T21, the UK's first medical cannabis registry Khiron Life Sciences has been supporting since its foundation in 2019. Patients in the study were mainly diagnosed with chronic, non-cancer pain (77%), followed by nausea and vomiting (8%), insomnia (6%), anxiety (5%), spasticity and depression, among others and up to 68 % of patients had their medical cannabis prescription cost covered by the Social Security in Colombia. Study results show a patient-reported positive clinic response in more than 80% of participants with only minor side-effects associated to the treatment.

 

"Scientific research and data are key to convincing doctors and policy makers all over the world about the benefits of medical cannabis to treat conditions that are prevalent in every society and market we are targeting. After one year of compiling information and having gone through a very detailed approval process, we are very proud to share the results from this first-of-its-kind clinical study in Latin America with such a significant patient base. This is just the beginning of our ongoing research program. We are looking forward to sharing the outcomes of this first cohort study with the international medical audience through peer-reviewed, specialized publications so doctors all over the world can continue to drive prescription growth safely and responsibly ", commented Alvaro Torres, Chief Executive Officer and Director of the Company.

 

Delic Holding Corp Inc. (CSE: DELC) (OTCQB: DELCF) announced that Delic Labs has applied for a Health Canada 56 Research Exemption that would allow the scientists to perform research and tests on a host of compounds outside of psychedelic mushrooms, including MDMA and LSD. The lab currently holds a 56 Research Exemption for chemistry analytics on psilocybin mushrooms.

 

Additionally, the lab has applied for a Dealer's License and intends to eventually commercialize its psilocybin research and associated intellectual property (IP) for medical and research purposes. Some of the work would include researching extraction of pharmaceutically relevant compounds from psychedelic mushrooms and turning those extracts into medical products. Delic Labs will also synthesize non-naturally occurring compounds as part of its ongoing med-chem pipeline.

 

Delic Labs is a federally authorized psilocybin and cannabis research laboratory focused on extraction, analytical testing, and chemical process development. Delic Labs serves as the engine for the Delic platform, conducting research and developing innovative product lines and intellectual property, including psilocybin vaporization technology for future distribution across the Company's physical footprint and licensed psychedelic wellness clinics in the United States.

 

Matt Stang, co-founder and CEO of Delic Corp, stated, "Never before has a lab been authorized to test psychedelic compounds such as MDMA and LSD with the opportunity to create new medicines for the millions suffering from debilitating conditions like depression, anxiety, PTSD and Parkinson's disease. Delic Labs is leading the way in psychedelic compound testing and ensuring the safety and effectiveness of any treatments produced using them, while also actively researching potential new medicines for the market."

 

"Once we secure this 56 Research Exemption together with the Dealer's License, Delic Labs will become the leader in safety testing of psychedelic compounds to ensure the highest standards and quality control," said Dr. Markus Roggen, co-founder of DELIC Labs. "We will greatly expand our capabilities to work with other banned substances, such as MDMA and LSD, along with psilocybin to develop new psychedelic drugs for medical and research purposes. We believe we are on the cusp of understanding the breadth of what is possible with psychedelics and medicine."

 

Founded by Dr. Roggen, an award-winning chemist, and UBC Professor, Dr. Glenn Sammis, Delic Labs supports the psychedelic industry with high precision chemical analytics, metabolomic identification and process optimization. Delic Labs is one of a handful of licensed psilocybin research labs in Canada and has an aggressive plan to build out a suite of novel compounds and delivery methods for the industry. Delic Labs is also a leading cannabis analytical and research company boasting clients that include some of the largest brands in the world.

 

High Tide Inc. (TSXV: HITI) (Nasdaq: HITI), a retail-focused cannabis company enhanced by the manufacturing of proprietary and licensed consumption accessories, announced that it is taking another step towards solidifying itself as a major player within the global e-commerce marketplace for hemp-derived CBD products, by entering into a definitive agreement, pursuant to which High Tide will acquire 80% of Enigmaa Ltd., operating as Blessed CBD, for £9.06 Million, and will have a three-year option to acquire the remaining 20% of Blessed at any time.

 

Founded in 2019 with its headquarters in Scotland, Blessed has quickly grown to become one of the most popular brands for hemp-derived CBD products across the U.K., including CBD oils, creams, gummies, and capsules. In 2020 Blessed had almost 5 million site visits and an average order value of approximately £75. Blessed's founder and Chief Executive Officer, Vithurs Thiru (known more commonly as "V"), will join the High Tide team as Senior Manager of Search (SEO) of the Company, and will help grow High Tide's CBD business globally.

 

"I'm very pleased to announce the addition of Blessed CBD, the U.K.'s top CBD brand as designated by several prominent publications, into the High Tide family. We continue to increase our online prowess by adding asset-light businesses to our growing global e-commerce portfolio. Blessed is a fully direct-to-consumer platform that generates industry-leading gross margins as well as EBITDA margins that will continue to add to our consolidated margin profile," said Raj Grover, President and Chief Executive Officer of High Tide. "This acquisition marks our entry into the highly lucrative and rapidly-growing U.K. CBD space which we expect to serve as a launching pad for High Tide to further penetrate the E.U. market for hemp-derived CBD products, while also taking advantage of cross-selling opportunities related to our in-house product lines. I have been very impressed with the amazing business that V has been able to build within just two years, and look forward to welcoming him and the rest of the Blessed team into our company," added Mr. Grover.

 

"Blessed CBD has experienced rapid growth and success from inception, and our goal is to become the most sought-after CBD brand globally. Our team is super excited to be joining hands with Raj, and by leveraging High Tide's existing resources and reach, I couldn't be more excited about the future," said Vithurs Thiru, CEO of Blessed. "I look forward to working with Raj and his team to accelerate the digital presence of High Tide's brands, and to position High Tide as one of the leading vertically-integrated cannabis companies in the industry. This acquisition provides unparalleled opportunities for growth to serve our current and future customers, expand into emerging new markets, and introduce new products unmatched in quality," added Mr. Thiru.

 

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