Tuesday, 02 January 2024 12:17 GMT

Cannabis Showing Big Signs of Life on Two Sizable Catalysts


(MENAFN- Baystreet.ca)

Two powerful catalyst forced cannabis stocks higher inrecent days.For one, the HouseJudiciary Committee just passed The Marijuana Opportunity Reinvestment andExpungement (MORE) Act with a vote of 24 to 10.  Not only could itdecriminalize cannabis nationwide, it would require federal courts to wipe outconvictions for cannabis offense, and would authorize a 5% tax on cannabissales going forward. Even more interesting, there are holiday expectations forstrong spending on cannabis over Thanksgiving. According toMarijuana Business Daily , cannabis salesincrease on Green Wednesday and Black Friday. "Data from Headsetreveals that 2018 sales on "Green Wednesday" - the day before Thanksgiving -increased 63% over the average Wednesday.  Jane Technologies - whichoperates an online marketplace where consumers can shop for cannabis - foundthat 2018 Black Friday sales were up 62% over the average day," theyreport.  "(Thanksgiving) is a holiday that includes family, social,food, celebration, etc. Our highest (sales) holidays - Thanksgiving, New Year'sEve, Christmas, July 4th - they are all very social."Those catalysts are opening a widerange of opportunity for companies including TheYield Growth Corp. (CSE:BOSS)(OTC:BOSQF), The Green Organic Dutchman (TO:TGOD)(OTC:TGODF), Canopy GrowthCorporation (TO:WEED)(NYSE:CGC), TheSupreme Cannabis Company Inc. (TO:FIRE)(OTC:SPRWF), and Neptune Wellness Solutions Inc. (NASDAQ:NEPT)(TSX: NEPT).


The Yield Growth Corp. (CSE:BOSS)(OTCQB:BOSQF)  BREAKING NEWS : The YieldGrowth Corp.just announced that President and CEO, Penny White will speak alongsidesenior executives from the cannabis industry, as both a speaker andexecutive-panelist, at the CannaBiz Innovations Hub conference, on December 4thand 5th, 2019 at the Park Plaza London Riverbank in London, England. TheCannaBizInnovation Hub2019 conference brings together leading cannabis organizationsand representatives from consumer-packaged goods and pharmaceuticalorganizations with the aim of identifying solutions that enable mainstreamproduct innovation and scalability of consumer product lines with cannabis asthe key ingredient. With the conference agenda focused on consumers andbranding, White will participate alongside chief-level executives from Ananda Developments,Koch & Gsell AG, Jersey Hemp and Hill Street Beverage Company in a paneltitled, "Innovation & Collaboration - How to Innovate and CollaborateSuccessfully in a Highly Regulated and Emerging Industry."


Whitewill then return to the stage to present a session titled, "Marketing andBranding in a Noisy Regulated Market." In an increasingly cluttered marketplace, White will share insights intothe business and marketing strategies that have allowed Yield Growth's brands,such as Urban Juve, to differentiate amongst peers.Other speakers at the event include keynoteBruce Linton, the former Chairman of Canopy Growth Corporation and IngeborgGasser-Kriss, former Vice President Global Innovation, Mondelez International.For a full agenda and ticket purchase detailsplease see cannabis-innovation.com or .


Other related cannabis industry developmentsinclude:


The Green OrganicDutchman (TO:TGOD)(OTC:TGODF) just announced it has received its inauguralpurchase order from theBCLiquor Distribution Branch , further expanding its Canadian distributionfootprint. The Company also obtained a licence amendment from Health Canada,allowing it to launch cultivation operations at its flagship Valleyfield hybridgreenhouse. The addition of British Columbia means that TGOD now has theability to distribute its products to a total of 527 retail locations acrossfive provinces, or 82% of Canada's current store count. With the number ofcannabis stores poised to increase from 639 to over a thousand in 2020, theCompany is continuing to strategically develop and nurture solid relationshipswith provincial boards and retailers, cementing its position as the leadingcertified organic brand. "TGOD's high-quality certified organic product andcommitment to sustainable cultivation practices resonate with BC consumers.Based on the exceptionally positive feedback we received from our BC medicalpatients as well as on market research, we believe the province represents anenormous market opportunity for our brand," commented Brian Athaide, CEO ofTGOD. "As we continue ramping up production, we remain focused on expanding ourdistribution channels and achieving our goal of distributing nationally in Q12020."


Canopy GrowthCorporation (TO:WEED)(NYSE:CGC) will officially unveil its new portfolio ofCannabis2.0 products , including its Distilled Cannabis concept, chocolates, vapecartridges and vape pens at a media launch event in Toronto, Ontario. "With thecoming of Cannabis 2.0, our goal is to provide customers with the best qualityproducts, and I truly believe through the hard work and dedication of our team,we have delivered just that," said Mark Zekulin, CEO, Canopy Growth. "Since ourfirst medical sale in 2014, we've been focused on innovation and quality, andnow we're expanding that with the launch of our game-changing recreationalbeverages, chocolates, and vapes." After months of preparation and expansion,the Company is gearing up to supply the Canadian market with a variety ofinnovative cannabis products. In partnership with Hummingbird Chocolate, theCompany's state-of-the-art chocolate factory is now fully operational. OnFriday, November 22nd, Canopy Growth received a critical operating andsecure storage licence from Health Canada for its 150,000 sq. ft. beveragefacility located in Smiths Falls, Ontario. The Company wishes to thank itspartner, Constellation Brands, for providing expertise and support in constructingand operating the world-class facility, from building design to equipmentselection to staffing requirements. In addition to establishing scaledinfrastructure, the development of protectable intellectual property has alwaysbeen a priority for Canopy Growth. To date, the Company, including through itssubsidiaries, holds over 130 patents and has filed more than 330 patentapplications.


The Supreme Cannabis Company Inc. (TSX:FIRE)(OTC:SPRWF)announced today that John Griese has joined the Company asChief Operating Officer . Mr.Griese brings over 30 years of executive consumer packaged goods and globalcannabis operations experience to Supreme Cannabis. In his role as COO, Mr.Griese will be responsible for driving continuous improvements across alloperating assets and leading supply chain management for Supreme Cannabis'diverse portfolio of products. Prior to joining Supreme Cannabis, Mr. Griesegained unique operational experience in the cannabis industry as the COO formedical and recreational cannabis companies Cresco Pharma Limited and BloomFarms in California. As Supreme Cannabis evolves into a cannabis CPG companyfocused on building leading brands, it benefits from Mr. Griese' impressiveexperience in CPG. Mr. Griese has held executive level positions in operationsand supply chain with Nestle and Pepsico.


Neptune Wellness SolutionsInc. (NASDAQ: NEPT)(TSX: NEPT) has entered into an amended and restatedprocessing agreement withCanopy Growth Corporation .Canopy and Neptune mutually decided to reviewthe terms of their processing agreement. The parties have agreed to an amendedschedule of processing volumes committed to Neptune by Canopy. In addition, theparties agreed to remove certain preferential rights previously granted to Canopywith respect to Neptune's capacity and pricing. Effective June 30, 2020, volumeand pricing will be negotiated between the two parties based on marketconditions. The 3-year term of the agreement remains unchanged and expires onJune 30, 2022. Canopy continues to be an important customer for Neptune andboth parties are looking forward to maintaining and capturing more businessopportunities as the market evolves. As a result of the revised terms, Neptuneexpects to reduce its client concentration risk and diversify its customerbase.


Legal Disclaimer  / Except for the historicalinformation presented herein, matters discussed in this article containforward-looking statements that are subject to certain risks and uncertaintiesthat could cause actual results to differ materially from any future results,performance or achievements expressed or implied by such statements. WinningMedia which has a partnership with www.MarijuanaStox.com is not registered withany financial or securities regulatory authority and does not provide norclaims to provide investment advice or recommendations to readers of thisrelease. For making specific investment decisions, readers should seek theirown advice. Winning Media, which has a partnership with www.MarijuanaStox.com,is only compensated for its services in the form of cash-based compensation.Pursuant to an agreement between Winning Media (partners of MarijuanaStox.com)and The Yield Growth Corp, Winning Media has been paid three thousand fivehundred dollars for advertising and marketing services for The Yield GrowthCorp. We own ZERO shares of The Yield Growth Corp. Please click here forfull disclaimer .


Contact Information:
2818047972




MENAFN2811201902120000ID1099341411



Baystreet.ca

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.

Search