THCX

Introducing THCX: the pure-play ETF solution for investing in cannabis.

Supported by favorable regulatory trends, increasing use cases and growing public acceptance, cannabis is one of the fastest growing current investment themes. To put the opportunity into perspective, the global cannabis market is estimated to reach $630 billion by 2040 up from $12 billion today.* THCX was constructed to make investing in cannabis easier by helping investors get exposure to a basket of stocks that are expected to benefit from growth of the hemp and legal marijuana industries.

* Seaport Global Securities report (February 21, 2019)

Top 10 Holdings

As of Sept 13, 2019

Source: THCX Cannabis ETF

IF YOU ENJOY OUR WEBSITE, JOIN OUR FACEBOOK GROUP. CLICK HERE.

Charlotte’s Web (TSX:CWEB) In Talks With Both NASDAQ And NYSE

Image result for charlotte's web cbd

Charlotte’s Web confirms active discussions with both (NASDAQ and NYSE) exchanges of various related matters.

New CFO at Charlotte’s Web, Russ Hammer’s appointment was in the works for some time and CW wanted to complete this ahead of their US listing efforts as Mr. Hammer will play a big role in the application process and the reporting compliance.  Mr. Hammer has experience leading multi-billion dollar companies on both the NASDAQ and the NYSE.

Despite whatever near term gyrations in the market occur CW spokesperson quoted CW’s long term opportunity is stronger than ever.  The appointments of Deanie and Russ as CEO and CFO, along with several other leadership additions this year are setting the stage to become a dominant global CPG company in the CBD category. 

IF YOU ENJOY OUR WEBSITE, JOIN OUR FACEBOOK GROUP. CLICK HERE.

Disclaimer: All posts made on this website are provided for information purposes only. None of the information here is intended as investment advice, as an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any security, Company, or fund. Before making an investment decision, you should seek the advice of a qualified and registered securities professional.
The author is not paid to share this information and may or may not own shares in the company.


Water Ways Tech (TSX-V:WWT) Taps into Canadian Irrigation Market Via Heartnut Grove Acquisition

See the source image

Water Ways Technologies recently closed acquisition of Heartnut Grove, a Canadian distributor of irrigation and agriculture components based in Mount Brydges, Ontario. After paying C$475,000 in cash and C$25,000 in shares, Heartnut Grove is now a wholly-owned subsidiary of Water Ways Tech.

Heartnut Grove

  • Estimated Revenues (Previous fiscal year): CAD$3.74M
  • First four months of fiscal 2019: CAD $1.56M

Acquisition Cost: Approximately CAD $500,000

Water Ways Technologies

  • 2018 Revenues: CAD$15.7M
  • Current Market Cap: Less than CAD$15M

The strategic rationale for the acquisition was to provide exposure to the Canadian market by utilizing the established network and relationships that Heartnut’s management has built over the years and provide a point of entry into Canadian cannabis market. While the Company has done business on four continents, this acquisition provides it its first permanent base of operations in North America for the Company.

“Our long term goal is to establish Water Ways as a leading irrigation and agro-technology provider worldwide. We aim to build a significant presence in the North American irrigation market. The first step toward achieving this goal was completing the acquisition of the assets of Heartnut Grove to serve as our sales and distribution center for North America serving both the North American farming community and Canadian irrigation and all need for the Cannabis growers LP’s. We will also strive to launch our DataWays technology to assist in implementing irrigation projects in Canada and the USA by using this cutting edge technology using Artificial Intelligence and Machine Learning capabilities to ramp up our sales worldwide giving a significant advantage over our competitors. Using the experience we gained through the Cronus group irrigation project in Israel we aim to turn Water Ways into a major cultivation project vendor to the Canadian legal Cannabis Cultivation community,” said Water Ways Tech CEO and Chairman Ohad Haber.

Hazelnut Grove’s sole shareholder, John Pol, has entered an employment agreement to manage the new subsidiary, bringing his sales force with him to the new company.

The Company continues to evaluate potential M&A opportunities and strategic partnerships on a case by case basis and continues to evaluate proposals from potential advisors to assist with those efforts. The Company’s management believes that acquiring irrigation product and service distributors in the new markets as would help it increase its foothold and distribution presence and potentially lead to other revenue opportunities in those markets.

Water Ways Technologies management team continues to execute well and this acquisition will boost the sales of WWT for 2019.

Water Ways Technologies Investors Group (Facebook): Here

Source: Newswire, Investingnews

Disclaimer: All posts made on this website are provided for information purposes only. None of the information here is intended as investment advice, as an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any security, Company, or fund. Before making an investment decision, you should seek the advice of a qualified and registered securities professional.
The author is paid to share this information and may or may not own shares in the company.

Freedom Cannabis, Greenest Licensed Producer in Canada

  • Freedom Cannabis received Cultivation and Sales license by Health Canada on April 5th 2019.

Canada’s nationwide adoption of pro-cannabis laws and regulations has served greatly for the public in terms of health, happiness and overall quality of life.

While the current “green rush/revolution” is primarily an overall positive revolution, with growth comes challenges, and one such challenge facing the cannabis industry now is being eco-friendly.

Freedom Cannabis is already on its way to become the greenest and the most eco-friendly cannabis company in the world. Although it may not be obvious, there’s a direct correlation between energy use and the environment. When consumed less power, less toxic fumes are released by power plants, which conserve the earth’s natural resources and protect ecosystems from destruction. By taking steps to reduce energy intake, Freedom will contribute to a healthier and happier world.

May 28th, 2019; Freedom Cannabis announced installation of a state-of-the-art solar array at its 126,000 square foot facility in Acheson, Alberta, located 20 kilometres west of Edmonton. The 1,830 kW solar array, supplied by ENMAX, will be Canada’s largest rooftop solar install to-date.

Image may contain: sky, cloud and outdoor
Source: Freedom Cannabis Facebook Page

Cannabis grow facilities consume a great deal of power. The cannabis intel firm New Frontier Group noted that in 2017, cannabis growers in the US used enough electricity to power 1.7 million homes, amounting to about 1 per cent of the entire energy consumption of the United States. And those numbers are only expected to grow.

The solar installation in Acheson is part of Freedom Cannabis’s overall commitment to reducing its impact on the environment. The company incorporates water remediation programs in its growing process, with the intention of minimizing waste. It is also exploring BIO fuel alternatives and environmentally friendly packaging options to further reduce its carbon footprint.

“We’re aware of the ecological footprint that comes with cultivating cannabis and we want to ensure we do our part to protect the environment. This is just our first step in becoming an industry leader with a commitment to sustainable initiatives,” says Troy Dezwart, Executive Director and Co-Founder of Freedom Cannabis.

Fast Facts

  • The solar array consists of 4,574 solar modules with a maximum capacity of 1,830 kW.
  • The system will offset about 1,041 tonnes of greenhouse gas emissions annually, supplying about 5-8 per cent of the building’s annual power consumption.
  • Based on current demands, the installation is expected to reduce electricity costs by approximately $200,000 – $300,000 annually.
  • Installation of the array is expected to be completed by August 2019 and is part of the company’s plan to more than quadruple production by spring 2020.

Freedom Cannabis Update

Freedom is currently focused on growing its first premium crops, which are expected to go to market this fall. Additionally, Freedom is commencing with the buildout and licensing of its R & D, innovation, extract lab facilities, and finalizing plans for Phase 2 of the growing operations. Freedom is also pursuing GMP certification to become one of a limited number of Canadian licensed producers in Canada with capability to sell into select European markets.

About Freedom Cannabis


Freedom Cannabis is a private, seed to sale cannabis company Licensed by Health Canada under the Cannabis Act. Established in 2017 and based in the province of Alberta, we have assembled a team of experts and experienced professionals who are working to build one of the world’s leading cannabis companies.

Source: Freedom Cannabis, Newswire.ca, Edmonton Journal

Disclaimer: All posts made on this website are provided for information purposes only. None of the information here is intended as investment advice, as an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any security, Company, or fund. Before making an investment decision, you should seek the advice of a qualified and registered securities professional. The author is paid to share this information and may or may not own shares in the company.

Charlotte’s Web (TSX: CWEB)

Charlotte ‘s Web Holdings, Inc. is the market leader in the production and distribution of innovative hemp-derived cannabidiol (“CBD”) wellness products. Founded by the Stanley Brothers, the Company’s premium quality products start with proprietary hemp genetics that are responsibly manufactured into hemp-derived CBD extracts naturally containing a full spectrum of phytocannabinoids, including CBD, terpenes, flavonoids and other beneficial hemp compounds. Charlotte’s Web product categories include CBD Oil tinctures (liquid products), CBD capsules CBD topicals , as well as CBD pet products .  Charlotte’s Web hemp-derived CBD extracts are sold through select distributors, brick and mortar retailers, and online through the Company’s website at  www.CharlottesWeb.com . The rate the Company pays for agricultural products reflects a fair and sustainable rate driving higher quality yield, encouraging good farming practices, and supporting U.S. farming communities.

Charlotte’s Web is a socially conscious company and is committed to using business as a force for good and a catalyst for innovation. The Company weighs sound business decisions with consideration for how its efforts affect its employees, customers, the environment, and the communities where its employees live and where it does business, while maximizing profits and strengthening its brands. The Company’s management believes that socially oriented actions have a positive impact on the Company, its employees and its shareholders. Charlotte’s Web donates a portion of its pre-tax earnings to charitable organizations.

Shares of Charlotte’s Web trade on the Toronto Stock Exchange (TSX) under the symbol “CWEB” and are quoted in U.S. Dollars in the United States on the OTCQX under the symbol “CWBHF”.  As at June 17, 2019 Charlotte’s Web had 43,156,479 Common Shares outstanding and 135,506.32 Proportionate Voting Shares convertible at 400:1, for an effective equivalent of 97,359,007 Common Shares outstanding.

https://www.charlottesweb.com/

Highest Institutional Ownership in Cannabis Sector, Charlotte’s Web (TSX: CWEB)

The $115M IPO was 98% institutionally placed other than the President’s list; 80 funds from Canada, US, Europe, Offshore.

“The offering included a treasury issuance by the Company of Common Shares (the “TreasuryOffering“) and a secondary offering of Common Shares (the “Secondary Base Offering“, and together with the Treasury Offering, the “Offering“), for total gross proceeds of C$115,115,000. Charlotte’s Web sold 13,312,150 Common Shares under the Offering, for total gross proceeds to the Company of C$93,185,050. The Selling Shareholders (defined below) sold an aggregate of 3,132,850 Common Shares pursuant to the Secondary Base Offering and the Over-Allotment Option (defined below) for total gross proceeds to the Selling Shareholders of C$21,929,950. The Company did not receive any proceeds from the Secondary Base Offering or the Over-Allotment Option.” (Press Release)

The recent $161M secondary offering was 100% institutionally placed according to Charlotte’s Web spokesperson.

“Charlotte’s Web Holdings, Inc. (“Charlotte’s Web” or the “Company“), the market share leader in hemp-derived CBD extract products, is pleased to announce today that the Underwriters (as defined below) of its previously-announced underwritten public offering of 7,000,000 common shares of the Company sold by certain current shareholders (the “Selling Shareholders“) at a price of C$20.00 per share (the “OfferingPrice“) have exercised in full their option to purchase an additional 1,050,000 common shares from the Selling Shareholders at the Offering Price. The gross proceeds to the Selling Shareholders under the exercise of this over-allotment will be C$21,000,000, and together with the gross proceeds from the initial closing on May 15, 2019 of C$140,000,000, the aggregate gross proceeds of the offering (the “Offering“) will be $161,000,000.” (Press Release)

List of Publicly registered shareholders:

  • Corriente Advisors LLC (United States)
  • Horizons ETFs Management (Canada), Inc
  • Jennison Associates LLC (United States)
  • Federated Global Investment Management Corp (United States)
  • I.A. Michael Investment Counsel Ltd (Canada)
  • Fideuram Asset Management (Ireland) DAC
  • Purpose Investments, Inc. (Canada)
  • Gilder, Gagnon, Howe & Co. LLC(United States)
  • K2/D&S Management Co. LLC(United States)
  • BlackRock Advisors (UK) Ltd.
  • StoneCastle Investment Management, Inc. (Canada)
  • Baader Bank AG (Investment Management) – (Germany)
  • ATL 12 Capital Gestion SGIIC SA (Spain)
  • IFP Advisors, Inc. (United States)
  • Investment Research Corp. (United States)

After the last $161M secondary offering, Charlotte’s Web now has the highest institutional ownership in cannabis sector.

IF YOU ENJOY OUR WEBSITE, JOIN OUR FACEBOOK GROUP. CLICK HERE.

Disclaimer: All posts made on this website are provided for information purposes only. None of the information here is intended as investment advice, as an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any security, Company, or fund. Before making an investment decision, you should seek the advice of a qualified and registered securities professional. 
The author is not paid to share this information and may or may not own shares in the company.

Six National Retailers Carrying Charlotte’s Web (TSX: CWEB) Revealed

Image result for charlotte's web cbd

Charlotte’s Web products are being sold across the US, but currently 18 states through the national retailers, of which the largest include:

  • CVS
  • Kroger
  • Safeway/Albertsons (Shaws, Vons and others under the Albertsons banners)
  • Riteaid
  • Vitamin Shoppe
  • Wegmans

Currently Charlotte’s Web is in discussions to be on the shelves of many other national retailers.

IF YOU ENJOY OUR WEBSITE, JOIN OUR FACEBOOK GROUP. CLICK HERE.

Disclaimer: All posts made on this website are provided for information purposes only. None of the information here is intended as investment advice, as an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any security, Company, or fund. Before making an investment decision, you should seek the advice of a qualified and registered securities professional. 
The author is not paid to share this information and may or may not own shares in the company.

Charlotte’s Web To Be Listed On TSX May 31st, 2019

Image result for charlotte's web cbd

2019-05-28 12:49 ET – Shares Delisted from CSE

CSE bulletin 2019-0541

The common shares and of Charlotte’s Web Holdings Inc. will be delisted at the market close on Thursday, May 30, 2019.

The Charlotte’s Web Holdings shares will continue to trade on the Toronto Stock Exchange.

Date:  market close, May 30, 2019

Symbol:  CWEB

Source: Here

IF YOU ENJOY OUR WEBSITE, JOIN OUR FACEBOOK GROUP. CLICK HERE.

Disclaimer: All posts made on this website are provided for information purposes only. None of the information here is intended as investment advice, as an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any security, Company, or fund. Before making an investment decision, you should seek the advice of a qualified and registered securities professional. The Author is not paid to share this content and may or may not own shares in the company.

CV Sciences (OTC:CVSI), The Best Value Play in CBD Sector.

CV Sciences (OTCQB:CVSI)

CV Sciences, Inc. operates two distinct business segments: a drug development division focused on developing and commercializing novel therapeutics utilizing synthetic CBD; and a consumer product division in manufacturing, marketing and selling plant-based CBD products to a range of market sectors.

Key highlights:

  • CV Sciences named one of the FIRST U.S. HEMP Authority Certified Manufacturers and PlusCBD Oil™ softgels named “Top Pick” by ConsumerLab.com
  • Receives Nutritional Outlook’s 2018 Best of the Industry Award
  • Resolved all claims and matters related to the SEC’s enforcement action against the Company. Michael J. Mona, Jr. concurrently settled all claims brought against him personally in this SEC matter
  • PlusCBD Oil™ is Ranked the #1 Selling Hemp CBD Product According to SPINS Scan Data.
  • Significant enhancements to management team in finance, science and regulatory functions:

a) Appoints Deloitte & Touche LLP as auditor

b) Appoints Joerg Grasser as New CFO (Prev role is Chief Accounting Officer)

c) Appoints Dr. Douglas as SVP of Scientific & Regulatory Affairs

d) Engages ICR to enhance Investor Relations & Corporate Communications

e) Retirement of Founder Michael Mona, Jr

CONSUMER PRODUCTS

RETAIL STORE PLACEMENT

Year End 2018 Financial Results

  • Record revenue of $48.2 million for 2018, an increase of 133% over 2017;
  • Record net income of $10.0 million, or $0.09 per fully diluted share;
  • Record adjusted EBITDA of $14.0 million or 29.0% of net revenue for 2018, an increase of $12.4 million from $1.6 million for 2017;
  • Retail distribution increases to 2,238 stores as of December 31, 2018, a 45% increase over the prior year;
  • Generated $12.6 million of cash from operations, with cash balance increasing to $12.7 million at year end;

Key Message from CEO:

“As we enter 2019, our business development activities remain robust. The passage of the 2018 Farm Bill has significantly expanded retailer interests from many new distribution channels. We believe distribution is on the verge of broadening to more traditional food, drug, mass merchandise and convenience store retailers. We are intently focused on leading the expansion of hemp-based CBD products to a broader retail audience nationally.”

Q1 2019 Financial Financial and Operating Highlights

  • Record revenue of $14.9 million for the first quarter of 2019, an increase of 85% over the same quarter in 2018;
  • Strong gross margin of 70.8% compared to gross margin of 68.9% in the first quarter of 2018
  • Retail distribution increased to 3,308 stores as of March 31, 2019, a 48% increase from December 31, 2018;
  • Expanded retail presence into the food, drug and mass channel and are in active discussions for further expansion of the PlusCBD Oil™ brand; and
  • Generated $0.8 million of cash from operations, with cash balance increasing to $13.6 million at quarter end.

2019 progress:

  • Significant enhancements to management team in finance, science and regulatory functions.
  • Distribution expansion into Food, Drug and Mass Channels
  • Generated positive EBITA for the past 4 quarters

Upcoming catalyst:

  1. Nasdaq up listing
  2. Lead drug candidate CVSI-007 progress expected reveal more data in the coming QR, below is the progress:
  • Engaged with the FDA (May 31, 2019)
  • Complete nonclinical toxicology studies in 2019
  • Submit Investigational New Drug (IND) application in 2019
  • Begin clinical trials in 2019

Top 5 Hemp-derived CBD companies Market Shares: CVSI ranked #2

Competitor Analysis: CVSI market cap / rev is the cheapest among top 3 Hemp company. (Excl MJNA as the shares counts is too high & cash / EBITA not available)

Things to watch out:

  1. Delays in Nasdaq uplisting
  2. Potential to raise financing to support the clinical trials

Analysts Target Price :

  • Northland Securities: $8
  • Roth Capital: $9

IF YOU ENJOY OUR WEBSITE, JOIN OUR FACEBOOK GROUP. CLICK HERE.

Source:

Disclaimer: All posts made on this website are provided for information purposes only. None of the information here is intended as investment advice, as an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any security, Company, or fund. Before making an investment decision, you should seek the advice of a qualified and registered securities professional. The Author is not paid to share this content and may or may not own shares in the company.

Charlotte’s Web Confirms Four National Retailers Carrying Their Products And In Talks With Several More

Image result for charlotte's web cbd

CIG has now confirmed that Charlotte’s Web products are currently on store shelves in the USA at three national retailers with a fourth now also receiving shipments.  Three of the four brands have made public statements about their entry into the CBD category. 

Only CVS (NYSE :CVS) has given Charlotte’s Web (CSE: CWEB) approval to confirm distribution of CW products out of four national retailers.

  • CVS Pharmacy (NYSE: CVS, 9800 stores in all states except Wyoming)

Other national retailers that have made public statements about entering distribution of CBD products.

  • Walgreens (NASDAQ: WBA, 9560 stores in all 50 states)
  • Rite Aid (NYSE: RAD, 2469 stores in 19 states)
  • Vitamine Shoppe (NYSE: VSI, 700 stores in 14 states+PR+Washington DC)
  • GNC (NYSE: GNC, 6500 stores in 23 states)

The company assured that Charlotte’s Web has significantly more distribution coverage than any other companies in the category and expect to pull away further as we are in discussions with several other mass retailers. (Retail doors have surpassed 6,000 at May 8, 2019)

IF YOU ENJOY OUR WEBSITE, JOIN OUR FACEBOOK GROUP. CLICK HERE.

Sources

Disclaimer: All posts made on this website are provided for information purposes only. None of the information here is intended as investment advice, as an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any security, Company, or fund. Before making an investment decision, you should seek the advice of a qualified and registered securities professional. The Author is not paid to share this content and may or may not own shares in the company.