The #AIEye: Patriot One (TSX: $PAT.TO) (OTC: $PTOTF) Acquires XTRACT, Cisco (Nasdaq: $CSCO) Completes Voicea Acquisition and NICE (Nasdaq: $NICE) Wins Four Globee Awards for #AI Tech

The #AIEye: Patriot One (TSX: $PAT.TO) (OTC: $PTOTF) Acquires XTRACT, Cisco (Nasdaq: $CSCO) Completes Voicea Acquisition and NICE (Nasdaq: $NICE) Wins Four Globee Awards for #AI Tech

Global Deep Learning Neural Network (DNN) Market to See 43.2% CAGR from 2019-2026

Point Roberts WA, Vancouver BC – September 9, 2019  – Investorideas.com (www.investorideas.com), a global investor news source covering Artificial Intelligence (AI) brings you today’s edition of  The AI Eye-  watching stock news, deal tracker and advancements in artificial intelligence.

Listen to today’s podcast:

https://www.investorideas.com/Audio/Podcasts/2019/090919-AI-Eye.mp3

Read this in full at https://www.investorideas.com/news/2019/artificial-intelligence/09091AIEye-PAT-PTOTF-CSCO-NICE.asp

Hear the Ai Eye on Spotify  

Today’s Column- The AI Eye- Watching stock news, deal tracker and advancements in artificial intelligence

Stocks discussed: (PAT.TO) (OTC:PTOTF) (0PL.F) (NasdaqGS:CSCO) (NasdaqGS:NICE)

Patriot One Technologies Inc. (PAT.TO) (OTC:PTOTF) (0PL.F) has acquired AI company XTRACT Technologies Inc. and all its related interests, assets, and intellectual property for consideration of $6,000,000 and the issuance of 9,422,956 Patriot One common shares to XTRACT’s former shareholders. Martin Cronin, Patriot One’s CEO and President, explained:

“Just over a month ago, we announced a development project with XTRACT, and during this period we’ve already seen great progress in significant opportunities for enhanced detection accuracy. With new sales opportunities arising every day for a covertly deployed, multi-sensor security solution, integrating XTRACT more deeply into our development and day-to-day operations made perfect sense. We are thrilled to have this highly talented group join our ranks; as they share our vision for creating a world safer from acts of mass violence.”

Cisco Systems, Inc. (NasdaqGS:CSCO) has completed the acquisition of AI software firm Voicea. According to the press release, Cisco will leverage Voicea’s technology to “enhance its Webex portfolio of products with a powerful transcription service that blends AI and Automated Speech Recognition (ASR) to unlock the power of any collaboration, like meetings and calls”.

NICE Ltd. (NasdaqGS:NICE) has won four Globee awards, which are global business awards that recognize companies for setting the industry benchmark for excellence. Chief among this recognition was NICE’s Gold award in the 'Milestone of the Year' category for its NEVA employee virtual attendant focused on helping employees. Barry Cooper, President, NICE Enterprise Product Group, commented:

"We believe that for organizations to succeed in today's customer experience driven world, they must be empowered with innovative solutions that create personalized connections with their customers and engage and inspire their employees. We're excited with these Globee awards that recognize the contribution of our solutions in this exciting time."

Global Deep Learning Neural Network (DNN) Market to See 43.2% CAGR from 2019-2026

A report from Data Bridge Market Research finds that the global Deep Learning Neural Networks (DNNs) market is projected to see a compound annual growth rate (CAGR) of 43.2 percent in the forecast period 2019-2026. An excerpt from the report description reads:

Deep learning neural networks is a machine learning based technology that is […] used for decision making, diagnosis, solving prediction, decision and problems based on a well-defined computational architecture. [This] technology has wide adoption in various applications such as computer security, speech recognition, image and video recognition to industrial fault detection, medical diagnostics and finance.

The rapidly increasing digitization is boosting [the] global deep learning neural networks market. The digital transformation helps to adapt the advanced technology which provides the ease to collect the data, while the data is important and essential part of the artificial intelligence. The data helps deep learning neural networks to recognize the pattern and [make] the prediction.

Some of the factors which are driving the market are the increased demand of cloud-computing for businesses, and demand for predictive solutions and image recognition is considered as [a] major application for deep learning neural networks. However, less adoption of artificial intelligence-based technologies [resulting] in slow digitization is the restraint that is hampering the growth of the market.

Sam Mowers, Investorideas.com

Read and hear other editions of the AI  Eye

For a list of artificial intelligence stocks on Investorideas.com visit here or become an Investor Ideas member

About Investorideas.com - News that Inspires Big Investing Ideas Investorideas.com is a recognized news source publishing third party news and press releases plus we create original financial content. Learn about investing in stocks and  sector trends  from Investorideas.com with our news alerts , articles , podcasts and videos  talking about cannabis,  crypto,  technology including  AI and IoT , mining ,sports biotech, water, renewable energy and more . Investorideas.com original branded content includes the daily Crypto Corner and Podcast, Play by Play sports and stock news column, Investor Ideas #Potcasts #Cannabis News and Stocks on the Move podcast and column,  Cleantech and Climate Change Podcast and  the AI Eye Podcast and column covering developments in AI. 

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Investor Ideas #Potcasts, #Cannabis News and #Stocks on the Move: (TSX: $TGOD.TO) (OTC: $TGODF), (TSX: $RIV.TO) (OTC: $CNPOF), (TSX: $VFF.TO) (NASDAQ: $VFF)

Investor Ideas #Potcasts, #Cannabis News and #Stocks on the Move: (TSX: $TGOD.TO) (OTC: $TGODF), (TSX: $RIV.TO) (OTC: $CNPOF), (TSX: $VFF.TO) (NASDAQ: $VFF)

Delta, Kelowna, BC –September 9, 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 potcasts^CM - cannabis news and stocks to watch plus insight from thought leaders and experts.

Listen to the podcast:

https://www.investorideas.com/Audio/Podcasts/2019/090919-StocksToWatch.mp3

Read this in full at https://www.investorideas.com/news/2019/cannabis-potcasts/09091TGOD-TGODF-RIV-CNPOF-VFF.asp

Hear Investor ideas cannabis potcast on iTunes  

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 early announcements.

The Green Organic Dutchman Holdings Ltd. (TSX:TGOD) (OTC:TGODF), a leading producer of premium certified organic cannabis, and Caliper Foods (formerly Stillwater Foods), a best-in-class provider of water-soluble cannabinoid products, unveiled the results of a preliminary human pharmacokinetic ("PK") study of Caliper CBD, Caliper Foods' proprietary tasteless and odourless water-soluble powder that can be added to almost any food or beverage.

TGOD intends to commercialize organic cannabinoid dissolvables in Canada beginning in December 2019 under the TGOD-Infusers line of premium cannabis products. The Company has already developed novel fast-acting formulations leveraging this technology with its lineup of organic teas, shots, chewables, and ready-to-drink beverages.  In the US, Caliper Foods plans to release Caliper CBD, its own line of precision-dosed CBD dissolvables, this fall.

For this study, half of the participants were administered 30mg of Caliper Foods' water-soluble CBD powder in 8oz of water while the other half received 30mg of CBD dispersed in MCT oil. Blood samples were drawn at pre-determined times over six hours.  Early data shows that the group that received Caliper CBD demonstrated faster onset within 15 minutes, with higher concentrations achieved at 15 minutes compared to the maximum concentration achieved at 45 min with the CBD in oil formulation, and a 4.5-fold higher observed total bioavailability. The CBD was largely eliminated from the body after about 6 hours for both Caliper CBD and CBD oil subjects, and a more rapid reduction was observed with the Caliper CBD subjects after 45 minutes.

Following this promising initial study, TGOD and Caliper Foods will shortly conduct a confirmatory Clinical Phase 1A PK study that will test the Caliper CBD technology formulated into TGOD's planned portfolio of products including beverages, teas, Infusers, and capsules. The study will be conducted in collaboration with a leading US academic institution.

"We are delighted with these PK results as they confirm the enhanced bioavailability and consistent absorption rates of our proprietary ingredient technology, which can infuse both CBD and THC. This study confirms that consumers absorb 4.5 times more CBD with Caliper CBD than with CBD in MCT oil," commented Keith Woelfel, Director of R&D at Caliper Foods.  "Our R&D team is working closely with TGOD on the next phase of the clinical study, which, if it confirms the PK results in additional product forms, will make Caliper Foods' and TGOD's product suites highly differentiated in terms of substantiated quality."

"We are thrilled with the results of this preliminary PK study which demonstrate the consistency and precision of Caliper Foods' proven proprietary technology which is already available in Colorado and which TGOD will commercialize in Canada. Based on this early data, Caliper CBD provides a higher and faster absorption level when compared with CBD-infused oil, which opens a number of possibilities for both the medical and adult-use markets.  Patients and consumers are increasingly informed and savvy, and we plan to seize on the market demand for organic CBD and THC-infused products backed by data-driven science and clinical evidence," commented Dr. Rav Kumar, Chief Science Officer of TGOD. "We are enthusiastically awaiting our Clinical Phase 1A PK results in time for Cannabis 2.0 in Canada."

Caliper Foods' technology consists of a suite of zero-calorie, fast-acting, water-soluble solutions that can simply and easily infuse cannabinoids into beverages, food, and other consumer goods.  It is formulated to quickly absorb into the bloodstream with a predictable onset and offset, allowing these products to offer a consistent, controlled, and safe experience.  While cannabinoids are naturally fat-soluble and tend to have a bitter taste, Caliper Foods' ingredient technology eliminates the need for fat molecules to speed absorption or added sugar to mask the bitterness. As a result, it enables healthier, better-tasting products with no additional fat, sugar, or artificial flavours.

TGOD has an exclusive agreement with Caliper Foods to license the Caliper CBD's ingredient technology, as well as other proprietary beverage and food technologies and formulations related to cannabinoid-infused consumer packaged goods within Canada and distribute to certain international jurisdictions outside of the United States.

Canopy Rivers Inc. (TSX: RIV) (OTC: CNPOF), announced that, as of the opening of the markets today, its class A subordinate voting shares will begin trading on the Toronto Stock Exchange under the ticker symbol "RIV". This milestone was achieved within less than one year of Canopy Rivers' initial go-public transaction. No further action is required by existing shareholders.

"We are proud to join a class of issuers that includes many reputable domestic and international companies," said Narbe Alexandrian, President and CEO of Canopy Rivers. "We believe that graduating to the TSX will improve awareness about Canopy Rivers and enhance liquidity for our shareholders and other market participants."

On September 24, 2019, Canopy Rivers will participate in the TSX market open ceremony.

THC BioMed Intl Ltd. (CSE: THC) announced that Health Canada has completed an inspection at its flagship Acland road facility.

"This inspection brings us a step closer to supplying adult Canadian Cannabis users with an alternative, brand-new product THC Kiss," commented John Miller, CEO of THC.

"We believe licensed producers need to be more innovative and invent their own brand of new products. These products need to be better than products currently available on the grey market, rather than copying and trying to compete with current illicit market products."

THC Kiss is a new, innovative Cannabis beverage invented by THC.

THC Kiss, when approved, will only be available through authorized provincial distributors as well as registered patients.

The company will also be submitting a new product application in the next few days for approval to distribute our Automated Pure Cannabis Pre-Rolls.

Village Farms International, Inc. (TSX: VFF) (NASDAQ: VFF) today announced that its 50%-owned joint venture for large-scale, low-cost, high-quality cannabis production, Pure Sunfarms, has received from Health Canada the amendment to its license permitting it to sell and distribute packaged, Pure Sunfarms-branded dried cannabis products directly to provincial/territorial wholesalers and authorized private retailers in accordance with provincial/territorial frameworks in Canada (sometimes referred to as a "packaging license"), effective immediately.

Pure Sunfarms has supply agreements in place with the Ontario Cannabis Retail Corporation (the "OCRC", operating as the Ontario Cannabis Store) and the British Columbia Liquor Distribution Branch (the "BCLDB") and expects to begin shipping Pure Sunfarms-branded products to both the OCRC and BCLDB in the coming weeks. Combined, Ontario and British Columbia comprise more than half of Canada's population.

"We're thrilled to receive this amendment to our license and be able to make our product available to cannabis consumers across the country," said Mandesh Dosanjh, President and Chief Executive Officer, Pure Sunfarms.  "Pure Sunfarms will begin to roll out our consumer brand over the coming weeks and Canadian consumers will soon be able to try our product, proudly grown right here in B.C., for themselves. Cultivated with the highest standards by the most experienced growers in the industry, we believe the quality of our cannabis, will speak for itself."

"Pure Sunfarms has already established itself as a premiere supplier of cannabis products to other licensed producers and with this amendment it can now begin building a differentiated and enduring brand based on its best-in-class, low-cost growing operations with Canadian consumers," said Michael DeGiglio, CEO, Village Farms International.  "The ability to now sell Pure Sunfarms-branded products directly to the provinces and territories comes on the heels of Pure Sunfarms' first 1.1 million square foot greenhouse reaching full production of 75,000 kilograms annually in July, and will further support Pure Sunfarms' industry leading gross margin and position it for continued growth in revenue and profitability.  And we look forward to Pure Sunfarms quickly expanding distribution into additional provinces as it moves toward doubling its production capacity to a minimum of 150,000 kilograms annually next year."

Potcast Sponsor

Today’s podcast was sponsored by CBDollars. CBDollars is the first group of its kind designed to turn everyday people into entrepreneurs of one the largest, most profitable industries that will ever happen in this country. CBDollars will teach its members how to invest in the cannabis industry through stocks, ETFs, and as Angel Investors; start a wholesale store for a brick and mortar business; start an online store as a dropshipper;  private label your own products from edibles to beauty & More. Join CBDOLLARS to lean more. Follow us on Facebook

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About Investorideas.com - News that Inspires Big Investing Ideas

Investorideas.com is a recognized news source publishing third party news and press releases plus we create original financial content. Learn about investing in stocks and  sector trends  from Investorideas.com with our news alerts , articles , podcasts and videos  talking about cannabis,  crypto,  technology including  AI and IoT , mining ,sports biotech, water, renewable energy and more . Investorideas.com original branded content includes the daily Crypto Corner and Podcast, Play by Play sports and stock news column, Investor Ideas #Potcasts #Cannabis News and Stocks on the Move podcast and column,  Cleantech and Climate Change Podcast and  the AI Eye Podcast and column covering developments in AI. 

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 investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. 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. Contact management and IR of each company directly regarding specific questions. Today’s podcast was sponsored by CBDollars.

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#Cleantech and #ClimateChange Podcast- Thought Leaders Discuss #Solar’s Success Story (OTCQB: $SING) (NYSE: $HASI) (NASDAQ: $EVSI)

#Cleantech and #ClimateChange Podcast- Thought Leaders Discuss #Solar’s Success Story (OTCQB: $SING) (NYSE: $HASI) (NASDAQ: $EVSI)

How #RealEstate Plays a Key Role in the #RenewableEnergy Sector

Point Roberts WA, Delta BC –  September 9, 2019 – Investorideas.com, a global news source and leading investor resource covering renewable energy stocks through its portal www.renewableenergystocks.com issues a special edition of the Cleantech and Climate Change podcast, made up of a series of interviews with thought leaders and C-level management discussing the growth in solar for 2019 and beyond. 

Read this in full at https://www.investorideas.com/news/2019/renewable-energy/09091CleanTech-SING-HASI-EVSI.asp

Mr. William Ralston, President and Director of SinglePoint Inc. (OTCQB: SING) talks about growth in the company’s subsidiary Direct Solar

Listen to the podcast:

https://www.investorideas.com/Audio/Podcasts/2019/090319-OTCQBSING-Interview.mp3

Ralston, discussing News of Direct Solar’s Partnership with My Home Group Real Estate, LLC said, “It’s a huge opportunity for both companies, My Home Group is a phenomenal company. They have been on Inc 500 the last 5 years in a row as one of the fastest growing companies and it’s a wonderful relationship for us, as the key to Direct Solar is continuing to work with homeowners that are looking for solar.”

Discussing what Direct Solar means as part of the SinglePoint story going forward, he stated, “The acquisition of Direct Solar is a fundamental pillar for the business and has really shaped and changed the trajectory of us, being that there is a huge amount of revenue. It’s going to be a profitable business. This is going to shape SinglePoint and allow us to grow to get to the next level. We have been up to the plate a lot, we have taken a lot of swings at different projects and here, we have got one that we have acquired and it’s taken off like a rocket.”

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE: HASI) Chairman, President and CEO, Jeff Eckel talks about the Company’s solar division

Listen to the podcast:

https://www.investorideas.com/Audio/Podcasts/2019/090319-NYSEHASI-Interview.mp3

Talking about their solar divisions, Mr. Eckel said, “Solar is getting the benefit of its significant cost reductions and improved performance and this does seem to be the year of solar. With respect to utility scale solar, we have found the most value we can add is in owning the land underneath the projects. We are the largest owners of land underneath solar projects in the world.”

Talking about their recently reported Second Quarter results, Eckel stated, “Q2 was dominated by solar. We had some residential solar, community solar as well as solar land. It was good to see solar post such a good quarter and we expect to see that continue. The cost reductions have made solar so much more interesting to consumers, whether they care about climate change or not. Saving money is something everyone cares about. And we are simply starting to see solar become quite competitive.”        

Envision Solar International Inc. (NASDAQ: EVSI) President and CEO, Desmond Wheatley discusses their key products and infrastructure disruption powered by solar

Listen to the podcast:

https://www.investorideas.com/Audio/Podcasts/2019/090319-NASDAQEVSI-Interview.mp3

When asked about real estate and solar relationships developing as a new trend after Envisions announcement regarding the adding of Accesso Real Estate firm to their customer base in July, Mr. Wheatley told Investorideas.com “No question about that in my mind at all….regardless of whether the business is coming from government or enterprise; they all have one thing in common and that is commercial real estate…”

When discussing the most exciting parts or changes in solar as it has matured, Wheatley commented, “Solar is already a vital part of our energy mix, and I don’t just mean ours, the company; California, the United States and increasingly the world, it’s a vital part of the mix. It’s incredibly reliable, it’s incredibly forecastable and it works incredibly well and the costs have been coming down dramatically over the years. Now we are at a point that it’s less expensive to make electricity through solar than it is for almost any other source. The part of it I’m really interested in is the part we are in. We are not just avoiding the utility cost of electricity but we are also avoiding all the costs of the infrastructure that is required to support that utility infrastructure. Transmission, distribution lines, trenches, cables etc., those are all very disruptive, environmentally impactful, and the other piece of I’m interested in is the grid - its vulnerability. We have more blackouts and brownouts at increasing rates and yet we are more reliant on electric than ever before in history. If you think about distributed generation and distributed storage, a power grid that looks more like the internet, solar is an ideal solution to make that work and that’s going to make everyone’s lives better.”

Investor Ideas has created a stock directory of publicly traded cleantech stocks for investors to use as a research tool to start trading and investing in the sector. Visit http://www.investorideas.com/membership/ to learn more about our stock directories in leading sectors.

  

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#Cannabis #Stocks Sector Snapshot -Viva Las Vegas- Industry Growth in #Nevada (OTC: $GOHE) (CSE: $PLTH.C) (OTCQX: $PLNHF) (CSE: $GGB.C) (OTC: $GGBXF) (CSE: $GTII.C) (OTC: $GTBIF)

#Cannabis #Stocks Sector Snapshot -Viva Las Vegas- Industry Growth in #Nevada (OTC: $GOHE) (CSE: $PLTH.C) (OTCQX: $PLNHF) (CSE: $GGB.C) (OTC: $GGBXF) (CSE: $GTII.C) (OTC: $GTBIF)

Point Roberts WA, Delta BC – September 9, 2019 - Investorideas.com, a leading investor news resource covering hemp and cannabis stocks releases a snapshot reporting on the Nevada cannabis market and how specifically, Las Vegas is drawing in more consumers and driving  more businesses.

Read this in full at https://www.investorideas.com/news/2019/cannabis/09091IndustryGrowth-Nevada.asp

In recent sector news it’s been reported that Nevada’s cannabis industry has given more than $100 million in taxes and fees to the state for the first time since recreational marijuana became legal in 2017.

For the fiscal year 2019, dispensaries, cultivators, laboratories and producers have paid over $109 million, according to a September 4, 2019 release from the Nevada Dispensary Association.

NDA says that $99.18 million was paid in taxes, up nearly $25 million from 2018.

“These sales and tax figures are a milestone that should be celebrated by the people of Nevada,” said Riana Durrett of the Dispensary Association. “It shows that the public and visitors to Las Vegas from around the nation are becoming more comfortable purchasing cannabis and the industry is improving its ability to serve the public.”

Las Vegas is also now home to one of the preeminent cannabis conferences, MJBizCon, which is one of the largest gatherings of cannabis business professionals. Ranked as the fastest-growing trade show in the United States, it has grown to over 27,000 attendees since it started in 2012, with an expected 35,000 attendees for the upcoming show taking place December 11-13, 2019 at the Las Vegas Convention Center in Las Vegas.

Global Payout Inc. (OTC: GOHE) and its wholly owned subsidiary MTrac Tech Corporation announced that the Company has expanded its Las Vegas operations office by acquiring office space directly adjacent to the office MTrac has utilized as the hub for its operational team for more than a year.

The significant growth surge the Company has experienced this year onboarding and servicing some of the largest retail and delivery service companies in the cannabis industry has led the Company to strategically add talented new members to its operations support team at a steady, yet effective rate over the last several months. As a result, the Company was thrilled to take advantage of an opportunity that became available to them to acquire additional office space in the adjoining unit to their current office.

“Growth is always an exciting thing to experience as a company,” said Global Payout COO, David Flores. “The core of our team has been intact since we first began our mission of cornering the payment processing sector in the cannabis industry over a year ago, and they have done a phenomenal job managing and contributing to this impressive influx of business. However, as we continue to expand, and as the overall demand for our solution continues to push towards new heights, it is critical that our team is able to successfully meet the needs and demands of a growing client base to ensure that our pledge for exceptional service is never compromised. This expansion provides us with much-needed flexibility to sensibly and efficiently add key members to our operational support staff who are vital in managing the day-to-day responsibilities involved with running our business effectively.”

“The location of the MTrac office is strategic for our headquarters, only a few miles from the airport, adjacent to the Las Vegas strip and in a prime real estate location near the new stadium. Recent renovations were done to the building and MTrac will have a live demo area where clients can come experience the ease of the system in the coming months.”

Planet 13 Holdings Inc. (CSE: PLTH) (OTCQX: PLNHF), a leading vertically-integrated Nevada cannabis company, recently announced that it served an average of 2,027 customers per day in August at an average ticket of $90.25 from the Planet 13 Las Vegas Cannabis Entertainment Complex.

“The highly competitive Las Vegas market ‘The SuperStore’ continues to dominate based on the strength of the customer experience and the unique entertainment it offers," said Bob Groesbeck, Co-CEO of Planet 13. "Over the rest of the year we will continue to rollout new and exciting restaurants, stores and attractions allowing customers to eat, shop, and play all under one cannabis inspired roof."

The company also recently reported second-quarter revenues of $16.5 million, up by 275% year-over-year.

Green Growth Brands Inc. (CSE: GGB) (OTC: GGBXF) recently announced the closing of its acquisition of Henderson Organic Remedies, LLC (The+Source Henderson), which was previously disclosed on December 14, 2018. The+Source Henderson is the second The+Source dispensary operated by GGB in greater Las Vegas. The productivity of The+Source Henderson is similar to that of The+Source Las Vegas.

"The+Source Henderson has been under our management for the last nine months," said Peter Horvath, CEO of Green Growth Brands. "In that time, we have grown revenue, transactions and gross margin by double digits. Our ability to significantly improve top performing dispensaries, in a market that has seen a significant uptick in competition, is a testament to our expertise in retail operations."

The formal acquisition of the company brings GGB's Las Vegas assets to two The+Source locations, one production facility, two cultivation facilities and seven licenses to operate dispensaries awarded by the Nevada Department of Taxation.

Green Thumb Industries Inc. (CSE:GTII) (OTC: GTBIF), a leading national cannabis consumer packaged goods company and owner of Rise™ and Essence retail stores, recently reported its financial results for the second quarter ended June 30, 2019.

Second quarter 2019 revenue increased 228% year-over-year to $44.7 million while quarter-over-quarter revenue increased 60%, a record sequential growth for GTI. Revenue growth was driven by organic growth across the Company’s consumer products and retail businesses, strategic acquisitions and increased store traffic.

“We are pleased to report another solid quarter of positive yet disciplined momentum with record revenue and positive adjusted operating EBITDA as our strategic plan delivers on operating efficiencies from scale. Continued execution of key priorities such as the closing of Integral Associates, accelerated store openings, and expanded distribution of our brand portfolio sets us up well for the future,” said GTI Founder and Chief Executive Officer, Ben Kovler.

“We are deep in the chapter of maximizing the levers in our business to drive long-term operational performance that delivers value for our shareholders and the communities in which we operate,” Kovler continued. “We are focused on optimizing our wholesale and retail businesses, integrating our acquisitions, and further strengthening compliance across the organization. We are pleased to see many of these efforts are already bearing fruit as we head into the second half of 2019 and I want to thank our team for all of their hard work.”

On June 5^th, GTI successfully completed the acquisition of Integral Associates LLC, with integration efforts and synergies progressing on schedule. The acquisition added two cultivation and processing facilities in Las Vegas, supporting expanded wholesale distribution of GTI’s branded products portfolio in Nevada.

Following the closing of the acquisition of Integral Associates on June 5^th, the company’s co-founders Armen and Alex Yemenidijian joined GTI as President and Director, respectively. Armen was the co-founder and CEO of Integral Associates, Nevada’s leading operator and was previously the Chairman of the Board and Chief Executive Officer of Tropicana Las Vegas Hotel & Casino, Inc. and Chairman of the Board and Chief Executive Officer of Metro-Goldwyn-Mayer Inc.

Las Vegas has been well known for its tourism industry and as a greater number of tourists and locals begin to feel more comfortable with the legal cannabis market, and as the market evolves and becomes more efficient, the city and state are creating a huge draw for the cannabis sector. Whether it’s already established MSO’s or celebrity endorsed businesses such as Mike Tyson’s Ranch, Vegas is now starting to bear the fruits of a maturing cannabis industry and many are taking note, just waiting to take a bite. 

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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