Friday, August 16, 2019
Thursday, August 15, 2019
How #Retail and #Ecommerce #CBD Outlets are Generating Revenue - (OTC: $HIPH) (OTC: $PURA) (OTC: $MCOA) (OTCQB: $RMHB) (TSX: CRON.TO) (NASDAQ: $CRON)
How #Retail and #Ecommerce #CBD Outlets are
Generating Revenue - (OTC: $HIPH) (OTC: $PURA) (OTC: $MCOA) (OTCQB: $RMHB)
(TSX: CRON.TO) (NASDAQ: $CRON)
Point Roberts WA,
Delta, BC –August 15, 2019 - Investorideas.com, a leading investor news resource covering
hemp and cannabis stocks releases a snapshot focusing on the growth of retail
and e-commerce CBD sales in the US which are beginning to generate early
revenues for hemp/CBD companies.
A recent article in Forbes discussed the uptake
of retail sales in the CBD space. “The CBD market is moving towards mainstream
retailers and is projected to be over $20
billion in sales by 2024. Walgreens, Sprout, CVS, Ulta Beauty, GNC
Holdings, Urban Outfitters are just a handful of retailers offering or looking
to offer, CBD products to consumers.”
Read this news in full at: https://www.investorideas.com/news/2019/cannabis/08151CBD-Retail-Ecommerce.asp
Cronos Group ( TSX:
CRON) (NASDAQ:CRON) , a Toronto-based
marijuana company, predicts CBD customers in the United States will be the
“largest contributor” to its sales over the next couple of years.
The
comments
came as Cronos released its first earnings report since the company announced plans to spend $300 million in the U.S. hemp market through the acquisition of
four operating subsidiaries of Los Angeles-based Redwood Holding Group.
“It’s fair to
estimate that the U.S. CBD market will likely be the largest contributor (to
sales) over the next year or two,” Cronos CEO, Michael Gorenstein said.
American Premium Water Corporation (OTC: HIPH) announced that it is
reaffirming its $1 million revenue guidance for fiscal year 2019. The
projection is based on existing orders and future orders in the Company’s
pipeline from its LALPINA CBD water, partnerships and co-branded product
leveraging the Company’s proprietary Hydro-Nano technology, expanded
distribution of Vanexxe, and other initiatives in the pipeline; a more
comprehensive breakdown:
●
Two-Container Order: the Company received a two-container order from a distributor
in the UK. The Company has begun delivery of order
●
US Distributors: the Company is in discussions with distributors in New
York, New Jersey, Pennsylvania, Florida, California, Missouri, Nevada, Arizona
and Oklahoma.
●
International Distribution: The Company is engaged in discussion with
distributors in Mexico, Columbia, Australia and Thailand
●
CBD Pet Water: The Company’s joint venture with LinkRes Pets is slated
to launch for sale this August
●
Hanlons Brewery: the Company is finalizing testing with Hanlons Brewery
and is looking to roll-out the CBD infused beer by the start of the
4th quarter
●
THC Formulation: the Company is looking to launch its THC version of its
proprietary Hydro Nano formulation by the end of this year in California
●
Vanexxe: the Company is in discussions with several big
box retailers for retail and e-commerce distribution.
●
Partnerships and JVs: the Company has been engaged in working with other
partners on marketing, branding, and distribution in the CBD and non-CBD
sectors.
American Premium
Water Corporation CEO, Ryan Fishoff, commented: “The Company is confident that
it will achieve its $1million revenue guidance for the year. Our goal is to
surpass this number and I believe we are on track to accomplish this. Despite
the volatility in the market, nothing has changed; the Company remains
committed to executing its business plan and achieving short and long term
benchmarks. We have begun the two year audit with Weinberg & Co. and are
working towards becoming fully reporting by the end of the year. There is a lot
in the pipeline; management is working feverishly to get all these initiatives
off the ground as investments that the Company has made in acquisitions,
intellectual capital, and products are beginning to pay off. Aside from
everything that’s been discussed in the public domain, there are other
partnership and acquisition discussions that are currently underway. It’s a
very exciting time for the Company; as progress is made, I look forward to
updating shareholders on developments as soon as I’m able to.”
LALPINA CBD water can
now be purchased online by visiting https://www.singleseed.com/product/lalpina-cbd-water-6-pack/
Puration, Inc. (OTC: PURA) and Kali-Extracts recently confirmed adding CBD infused
tea to its new line of CBD beverage partnerships.
Last week, PURA and
KALY published a management presentation to provide shareholders with more
details on PURA’s recently implemented program to introduce CBD infused
versions of existing third-party beverages.
PURA has recently announced plans to introduce a CBD infused beer in
partnership with an existing beer producer.
In similar fashion, PURA is partnering with an existing coffee producer
to introduce a CBD infused coffee. In conjunction
with the presentation published last week, PURA announced a third partnership
to develop CBD infused tea. Additional partnerships are in the works.
PURA is a leading CBD
infused beverage company having produced over $1 million in CBD beverages in
the United States last year. PURA has
targeted $4 million in sales for 2019.
The presentation is included in its entirety on the company’s website.
PURA works closely
with its partner KALY, the owner of a US-Patented cannabis extraction process
in the implementation of the plan to introduce infused versions of existing
beverages.
MARIJUANA COMPANY OF AMERICA INC. (OTC: MCOA), an innovative hemp
and cannabis corporation, and joint venture partner Global Hemp Group Inc. announced that their joint
venture subsidiary, Covered Bridge Acres Ltd. has started generating revenue
through operations at its hemp farm in Scio, Oregon.
Through a combination
of the sales of raw biomass, plantlets, CBD crude oil and CBD distillate
produced from various processing test runs, along with other farm operations,
CBA generated $525,500 in its first year of operation.
In its most recent
transaction, CBA sold 10,000 lbs of shucked biomass to an Oregon extraction
facility for $400,000. The CBA team is currently working with this party and a
number of others, to complete the purchase of the remaining inventory.
Initially, CBA was
expecting to monetize the 2018 hemp biomass after entering into a processing
agreement with Richardson Gap Farm LLC (RGF), as disclosed on May 18, 2019.
However, RGF was unable to process CBA’s biomass due to unforeseen issues with
its processing equipment. Although RGF produces high quality distillate, CBA
was no longer willing to delay the monetization of its biomass any further and
decided to sell the biomass to another extractor. With multiple offers on the
table to purchase the biomass, CBA shucked the biomass (removed stalks and
stems) and completed the sale.
CBA still has
approximately 4,000 lbs of un-shucked biomass out for processing into
distillate by additional extractors, and will split the final product on a
50/50 basis with its joint venture partner, Marijuana Company of America, Inc. (OTC:
MCOA). Once processed, it will be sold along with inventory on hand (8 kg of
92% distillate that was processed by RGF from crude oil CBA received from other
processors test runs). Recent sales of this type of distillate have been in the
$4,000 per kg range.
Innovation and
mechanization are key components to reducing labor costs on the farm. In
preparation for the handling of this year’s harvest, the CBA team specifically
designed a shucking machine to remove the flowers and leaves from the stalk and
stems and is in the process of fabricating a prototype, having reserved a small
amount of biomass to test the equipment. Once shucked, the biomass will be
processed into distillate for sale on the open market later this summer.
Rocky Mountain High Brands, Inc. (OTCQB: RMHB), a fully reporting
lifestyle brand management Company specializing in high-quality health and
wellness products, announced that it has entered
into an agreement with Water Event Pure
Water Solutions of Carrollton, Texas to distribute hemp-derived CBD
products to its expanding 15,000 home, office and retail customer base.
Established in 1971,
Water Event is independently owned and operated by Brian Rose, who has been in
the home and office water delivery business for over 34 years. The corporate
office, manufacturing facility and retail store are in Carrollton, Texas. The
company also operates warehouse distribution facilities in Houston, Austin, and
Sherman/Denison. Water Event is also in the water filtration and water bottling
business.
Michael Welch,
President and Chief Executive Officer of Rocky Mountain High Brands said,
“Water Event’s fleet of delivery trucks service 15,000 customers in the highest
population growth areas in Texas, including Dallas/Ft. Worth, Houston,
Austin/San Marcos, San Antonio, and Sherman/Dennison. Their customers include
office buildings, residential homes and select retail establishments. The
Company’s agreement with Water Event includes our HEMPd Wellness for Life
Products:
● Tinctures
● Water Soluble
Solution
● Capsules
● Gummies
● Salve
● Lotion
as well as our HEMPd
CBD-Infused Flavored Waters, our Rocky Mountain Hemp Seed Extract-Infused
beverages, and our Rocky Mountain High Hemp-Infused Energy drinks.”
Mr. Welch continued,
“Water Event has solidified its place as the premier home and office delivery
service in Texas because of their quality of products and extraordinary
customer service. For us to be able to sell our hemp-derived CBD products
alongside someone with Mr. Rose’s credentials and customer base puts us on the
forefront of a rapidly growing Texas market.”
Mr. Welch concluded,
“We are pleased to have the opportunity to expand our relationship with Water
Event and Mr. Rose. In fact, we have our next bottling run of Eagle Spirit Spring Water scheduled for
the week of August 5, 2019 at Water Event.”
Brian Rose, owner of
Water Event, stated, “Now that Texas has passed a law allowing the sale of CBD
oil, there is a tremendous opportunity in this exciting product category. It is
important to have the right CBD products on my trucks. I chose Rocky Mountain
High Brands due to their high standards and involvement with the U.S. Hemp
Roundtable and that gives me confidence that their products are safe, legal,
and are some of the best in the industry. By partnering with Rocky Mountain
High Brands, Water Event is harnessing the expertise and capabilities of a
dynamic young hemp company to accelerate my company’s growth.”
As more retailers
look to expand their CBD offerings and as brand awareness builds for online
sales we should start to see if market projections meet reality over the next 4
quarters and if the revenue predictions based off of early demand will hold and
rise as is expected.
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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source publishing third party news and press releases plus we create original
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Wednesday, August 14, 2019
Tuesday, August 13, 2019
The Growing #CBD #Beverage Market Drinking Up Revenues (OTC: $HIPH) (NASDAQ: $NBEV) (TSX: $TGOD.TO) (NYSE: $HEXO)
The Growing #CBD #Beverage
Market Drinking Up Revenues (OTC: $HIPH) (NASDAQ: $NBEV) (TSX: $TGOD.TO) (NYSE:
$HEXO)
Point Roberts WA,
Delta BC –August 13, 2019 - 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/08132CBD-Beverage.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
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.
Follow us on Cannabis Social Media
Disclaimer/Disclosure: 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.
Disclosure:
this news article featuring HIPH is a paid for service on Investorideas.com , third party . More
disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn
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