01:16 Mon 19
|Canada cannabis sales doubled in 2020, hitting $2.6 billionheres whats next: https://t.co/AU8fpgGhez https://t.co/nFvgIEcOL7 |
21:24 Wed 5
|'Accidental' boom in cannabis products could see annual sales hit £690m |
Sales of consumer cannabis products have undergone an 'accidental' boom during the pandemic that will see the popularity of cannabinoids exceed the market for Vitamins B and C combined, according to industry groups.
12:59 Tue 4
|Heritage Cannabis expands into the US with its 3Fifteen Primo Cannabis partnership |
Heritage Cannabis Holdings Corp (CSE:CANN) (OTCQX:HERTF) (FRA:2UE) announced a five-year partnership with Como Health LLC, doing business as 3Fifteen Primo Cannabis, which will see Heritage produce branded products for medical cannabis consumers in the US state of Missouri. Under the partnership agreement, Heritage will supply production equipment to 3Fifteen, provide training and supervision of staff on its proprietary methods of extraction and oil production, and shelf minimums with be granted for Heritages branded products in 3Fifteens Missouri dispensaries. With strong market growth projected in Missouri, we believe this is the right time to enter the US and with a strategic partner like 3Fifteen, we are creating a blueprint we can use to continue our state-by-state expansion, Heritage Cannabis Holdings President of Recreational Cannabis David Schwede said in a statement. READ: Heritage Cannabis taps Merida Capital to accelerate its US product distribution initiative With our extraction expertise and inspired branding capabilities, along with 3Fifteens impressive market penetration, we expect Heritages branded offerings to be in high demand, Schwede added. 3Fifteen Primo Cannabis holds five dispensary licenses in Missouri, two of which are in operation and three are in the construction phase, and owns one of only 11 manufacturing licenses approved to operate in the State. The 3Fifteen partnership is the first definitive agreement signed by Heritage as part of the previously-announced expanded relationship with Merida Capital Holdings to enter multiple US cannabis markets. Our strategy will continue to focus on new high growth markets in partnership with established teams and low barriers to entry, Schwede continued. Heritage will continue to add new markets in a purposeful and capital-efficient way with a focus on creating value for our shareholders. The company added that gross revenue at 3Fifteens Missouri dispensaries is projected to increase to more than US$21 million by 2022, while total sales in Missouri are anticipated to reach US$650 million by 2024. Heritage Cannabis is a vertically integrated cannabis provider that currently has two Health Canada-approved licensed producers, through its subsidiaries Voyage Cannabis Corp and CannaCure Corp, both of which are regulated under the Cannabis Act Regulations. The company recently acquired Canadian recreational and medical cannabis company Premium 5 Ltd, which Heritage Cannabis expects will make it a leader in the extract and extract derivatives market, as Premium 5 is a premium provider of Cannabis 2.0 hydrocarbon and solventless concentrates in Canada. Contact Sean at email@example.com
14:45 Mon 3
|Tetra Bio-Pharma wins a drug license to distribute REDUVO cannabinoid soft gel capsules in Canada |
Tetra Bio-Pharma Inc (TSE:TBP) (OTCQB:TBPMF) (FRA:JAM1), a leader in cannabinoid-derived drug discovery and development, revealed that it has been granted a Health Canada Drug Establishment License (DEL) to distribute REDUVO cannabinoid soft gel capsules in Canada. REDUVO is a synthetic THC-based soft gel capsule aimed as a therapy to combat severe nausea and vomiting associated with cancer chemotherapy. It is currently being assessed by Health Canada for the issuance of a Drug Identification Number (DIN). REDUVO, known as Marinol in the United States, has been approved as a regulated pharmaceutical drug by the US Food and Drug Administration since 1985. READ: Tetra Bio-Pharma advances REDUVO cannabinoid soft gel capsules new drug submission file in Canada 'We look forward to working closely with our Contract Manufacturing Organization for the importation, warehousing, and dissemination of the THC pharmaceutical drug to pharmacies across Canada, Tetra CEO Dr Guy Chamberland said in a statement. We stand by our commitment to launch our THC-based prescription drug to the Canadian market in late 2021,' he added. On April 1, 2021, the company announced it had received a compliant rated GMP inspection by Health Canada. Subsequently, Health Canada finalized their regulatory assessment and determined that Tetra met all the requirements for the issuance of a DEL. In Canada, any company that intends to distribute drugs must obtain a DEL as per Health Canada regulatory requirements. It is a comprehensive and stringent process to obtain a DEL approval as a company must demonstrate it meets strict quality control standards and procedures. In addition, a company that intends to distribute pharmaceutical drugs that contain cannabis must also obtain a Health Canada Cannabis Drug License (CDL). Only companies, such as Tetra Bio-Pharma with a Health Canada issued DEL are eligible to apply for a CDL. Tetra said that it has submitted the CDL application to Health Canada. Contact the author Uttara Choudhury at firstname.lastname@example.org Follow her on Twitter: @UttaraProactive
|news google |
13:35 Wed 5
|U.S. Birthrate Fell By 4% In 2020, Hitting Another Record Low - NPR |
U.S. Birthrate Fell By 4% In 2020, Hitting Another Record Low NPR We're starting to see how the pandemic affected births in the US CNN The U.S. Birthrate Has Dropped Again. The Pandemic May Be Accelerating the Decline. The New York Times Births fall to 42-year low in U.S., new CDC data shows CBS News Births in U.S. Drop to Levels Not Seen Since 1979 The Wall Street Journal View Full Coverage on Google News
|Despite Chipset Shortage, Connected Vehicle Sales are on Path to Recovery |
LONDON, May 6, 2021 /PRNewswire/ -- New vehicle sales contracted by 15% in 2020, a lower drop than initially anticipated given the dismal prospects in the third quarter of last year. Consumer enthusiasm began to recover at the end of 2020 and the first quarter of 2021, which caught...
17:53 Mon 3
|Subaru Of America, Inc. Reports Best-Ever April Sales |
CAMDEN, N.J., May 3, 2021 /PRNewswire/ -- Best April Ever: Monthly sales increase 100.5 percent over April 2020 Best April Ever for Crosstrek, Forester, and WRX/STI Subaru of America, Inc. today reported 61,389 vehicle sales for April 2021, the company's best-ever April sales and a 100.5...
10:45 Tue 4
|Former OrganiGram CEO: This 1 Big Change Could Shake Up the Canadian Cannabis Market This Year |
Although pot has been legal in Canada for over two years, producers still face significant obstacles when it comes to branding and marketing.
|npr org |
13:35 Wed 5
|U.S. Birthrate Fell By 4% In 2020, Hitting Another Record Low |
For the sixth year in a row, the number of U.S. births fell in 2020, reaching the lowest level since 1979. The fertility rate remains 'below replacement' the level needed to compensate for deaths.
16:16 Tue 4
|Pivoting from offline into virtual events for enterprises nets Tame a $5.5M Seed round |
In March 2020, Tame had a digital event suite for offline corporate events. But with the pandemic hitting, it did a hard pivot into providing a highly customizable virtual events platform, primarily used by companies for their sales events. The result is that it has now raised a seed round of $5.5m, a large round […]
|proactiveinvestors co uk |
|UK cannabis industry growing like a weed, report reveals |
CBD sales totalled 690mln in the year under review, up almost a third
10:30 Wed 5
|BorgWarner Reports Record Net Sales For The First Quarter 2021, Up 76% Compared With First Quarter 2020 |
AUBURN HILLS, Mich., May 5, 2021 /PRNewswire/ -- BorgWarner Inc. (NYSE: BWA) today reported first quarter results. First Quarter Highlights: U.S. GAAP net sales of $4,009 million, up 76% compared with first quarter 2020. Excluding the impact of foreign currencies and the net impact of...
13:29 Tue 4
|Ford April vehicle sales jumped to nearly 200,000, as EV sales soared nearly fourfold |
Ford Motor Co. said Tuesday that total U.S. April vehicle sales rose 64.8% from a year ago to 197,813 vehicles, boosted by a near fourfold rise in electric vehicle (EV) sales. April retail sales were 57.1% above 2020 results, but were also 23.7% above pre-pandemic April 2019 results. EV sales rose 262% to a monthly record of 11,172 vehicles, representing 5.6% of total vehicles sold, amid new product offerings. Total April truck sales grew 47.5% to 97,054 vehicles, SUV sales surged 119.8% to 90,383 vehicles and car sales dropped 20.9% to 10,376 vehicles. Transaction pricing in April rose to a record $43,600 per vehicle. Ford's stock, which slipped 0.6% in premarket trading, has rallied 32.3% year to date through Monday, while shares or rival General Motors Co. have hiked up 37.3% and the S&P 500 has gained 11.6%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
18:53 Wed 5
|ASTM International Announces New Cannabis Standards, Launches Microsite |
W. CONSHOHOCKEN, Pa., May 5, 2021 /PRNewswire/ -- Today, ASTM International's cannabis committee (D37) announced a slate of new standards to support cannabis vocations. ASTM also launched a new microsite that will serve as a central resource for all ASTM International cannabis and hemp...
23:49 Wed 5
|Inner Spirit Holdings to be acquired at $0.39 per share, which is 72% of our analysts' last fair value estimate. The acquisition price reflects a 290% increase since FRC initiated coverage in November 2019. |
Fundamental Research initiated coverage on Inner Spirit Here some highlights for the latest equity report. The acquisition price reflects a 290% increase since FRC initiated coverage in November 2019. 2020 System-Wide Retail Sales (SRS) were up 258% YoY (vs 121% growth in nationwide cannabis retail sales) to $105M. SRS accounts for sales through franchised and corporate-owned stores. 2020 revenue was up 230% YoY to $26.8M. Net losses declined from $11.5M (EPS: -$0.05) to $3.1M (EPS: -$0.01). Revenue fell short of our estimate by 1%, and margins were relatively in line. In Q4, the company reported $1.1M (EPS:$0.01) in net income the first-ever profitable quarter. Canadian retail store count in March 2021 was 1,707, up 102% YoY. ISH continues to maintain a 5% market share, with 82 stores at the moment, up from 65 since our Q3 update. The company expects to have 100 stores (including 25 corporate stores) by the end of 2021. We have raised our estimate of corporate stores from 18 to 20 by 2021 year-end. The company has already added 14 stores in 2021, including five corporate stores. ISH has 25 stores in Ontario and is planning to enter Manitoba with multiple store openings planned this year. Announced a $10M bought-deal financing. These funds will be used for new corporate store openings. The company had $9.5M in convertible debt at the end of 2020; we expect this to be converted into shares (exercise price $0.25). We maintain that there is room for about 2,000 additional stores in the country, with over 45% of those new stores anticipated to be in Ontario. Ontario is ISHs key market for expansion. With legal sales rising as a percentage of total sales, and consumers strong preference for making purchases at physical stores, we believe ISH is well-positioned for near-term revenue growth. Here is the full report: https://www.researchfrc.com/inner-spirit-holdings-ltd-cse-ish-growing-2x-faster-than-the-market-final-report/ Top picks list https://www.researchfrc.com/top-picks/ Some ideas submitted by /u/Good_vibes311 [link] [comments]
11:00 Wed 5
|Cannabis Franchising: Funding, Growth And Marketing Hacks For Cannabis Brands, Part 3 |
Here are some key takeaways for founders of cannabis companies that are serious about growth and franchising with a stable long-term vision.
13:35 Mon 3
|CannabisNewsWire Returns as a Media Sponsor for GIE Medias Cannabis Conference 2021 |
DENVER, May 03, 2021 (GLOBE NEWSWIRE) -- via CannabisNewsWire -- CannabisNewsWire (CNW), a specialized communications platform for the cannabis sector and one of th e 50+ brands within the InvestorBrandNetwork (IBN), is pleased to announced that it has been re-engaged by GIE Media to serve as a media sponsor of C a nnabis Conference 2021 , presented by Cannabis Business Times, Cannabis Dispensary and Hemp Grower magazines. Cannabis Conference 2021 is set to be held at the Paris Las Vegas Hotel & Casino in Las Vegas, Nevada, on Aug. 24-26, 2021.
13:20 Tue 4
|Full Spectrum Cannabis Extracts Market Expected To Remain Dominant for Next Few Years |
PALM BEACH, Fla., May 4, 2021 /PRNewswire/ -- Cannabis extracts have gained wide recognition in recent years and are expected to provide impetus to cannabis market growth. Based on product type, cannabis extracts are classified into oils and tinctures. The oils segment is expected to...
17:44 Mon 3
|: Clorox sales drop compared with last years stockpiling, but remain above pre-COVID levels |
Clorox Co. sales have come back down to Earth after consumer stockpiling drove skyrocketing demand during the beginning of the COVID-19 pandemic in 2020.
|feeds1 nytimes |
04:06 Wed 5
|Mets Fire Chili Davis as Hitting Coach |
With an anemic offense and a losing record, the Mets insist the firing of their hitting coaches was based on process, not results.
12:43 Wed 5
|Planet 13 Holdings rides Las Vegas tourism revival to record monthly sales of C$10.7M in April |
Planet 13 Holdings Inc (CSE:PLTH) (OTCQX:PLNHF) announced record sales of C$10.7 million during the month of April, including a single-day record of US$543,000 on April 20 (aka 4/20), as tourism returns to Las Vegas. The companys April sales nearly totaled its sales from the entirety of the second quarter of 2020, which came in at C$10.8 million. Gross margins for the month were in excess of 50%. Planet 13 attributed the surge to increased tourist activity as pandemic restrictions wind down, on top of strong wholesale results and continued growth of its Medizin dispensary. READ: Planet 13 crushes single-day sales record in Las Vegas with historic 420 return 'While Larry and I have known for a while that the demand for Vegas is strong, we were absolutely blown away by the rebound in tourist activity and Planet 13 sales this month. It's clear that word of mouth is spreading, Co-CEO Bob Groesbeck said in a statement. Every day I speak with someone who was told that Planet 13 is a must-visit by a friend or has been eager to visit since they saw an Instagram post. The SuperStore is a showcase for a growing portfolio of branded products, including vapes, edibles, pre-rolls and concentrates at the top-rated tourist hotspot. Planet 13 is planning to open a second Las Vegas dispensary, as well as launching the company's first retail location in California. I can't wait to show off to our customers and the world both our expansion at the SuperStore and our new Orange County location later this year, Groesbeck said. The SuperStore is proof you can create a successful retail brand in cannabis and we look forward to extending that brand across the United States.' Contact Andrew Kessel at email@example.com Follow him on Twitter @andrew_kessel
15:22 Wed 5
|Trulieve Brings Medical Cannabis to Osprey |
TALLAHASSEE, Fla., May 5, 2021 /PRNewswire/ - Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) ('Trulieve' or 'the Company'), a leading and top-performing cannabis company based in the United States, announced today the opening of a brand-new Florida dispensary, the Company's 87th...
15:20 Wed 5
|New Study Finds People Turned to Cannabis During the Pandemic to Feel Happier |
DENVER, May 5, 2021 /PRNewswire/ -- Did the stressors of COVID-19 drive more Americans to use medical cannabis as an alternative tool for managing their mental health? A new national study exploring this question found a positive correlation between national demand for medical cannabis...
11:00 Mon 3
|Green Thumb Industries Enters Virginia Cannabis Market |
CHICAGO and VANCOUVER, British Columbia, May 03, 2021 (GLOBE NEWSWIRE) -- Green Thumb Industries Inc. (Green Thumb) (CSE: GTII) (OTCQX: GTBIF), a leading national cannabis consumer packaged goods company and owner of Rise Dispensaries, today announced it has signed a definitive agreement to acquire 100% of Dharma Pharmaceuticals LLC (Dharma), expanding its cannabis distribution network into the Virginia cannabis market (the Acquisition).
12:00 Tue 4
|Whats Your Design Thinking Teams Superpower And Achilles Heel? |
Both design thinking and sales are fluid, iterative and flexible. They both require developing the skills and the mindsets to be uncomfortable, uncertain and courageous in order to truly succeed.
10:12 Wed 5
|Depression in adults has more than doubled since before COVID pandemic |
Depression in Britain's adults more than doubled in early 2021 compared with levels recorded before the beginning of the COVID-19 pandemic, figures have shown.
|Zelira Therapeutics launches HOPE range of autism spectrum disorder products in Washington DC |
Zelira Therapeutics Ltd (ASX:ZLD) (OTCMKTS:ZLDAF) has launched its HOPE range of autism spectrum disorder products in Washington DC through its partnership with Alternative Solutions LLC, a licensed manufacturer and distributor of medical cannabis products. Washington DC has reciprocity with 32 other states in the USA with approved medical cannabis programs. This expands access for Zeliras HOPE range of products to patients registered in all the 32 States, as they can legally purchase medical cannabis products at an approved dispensary in Washington DC. The company will receive a licensing fee and ongoing royalties on sales of HOPE within this territory. Huge step forward Zelira Therapeutics managing director Dr Oludare Odumosu said: The successful launch of HOPE in Washington DC is a huge step forward in Zeliras strategic focus on expanding access to HOPE throughout the USA. We look forward to partnering with alternative solutions to support the growth of our product in these new markets. Shares have been more than 15% higher intra-day to A$0.061. Customer uptake and sales trajectories HOPE is now available at the National Holistic Healing Center, a medical cannabis dispensary near Dupont Circle, whose dedicated team assists patients in treating their symptoms through ailment-strain alignment. With the gradual relaxation of COVID restrictions, Zelira remains focused on further expanding the distribution of HOPE through licensing agreements in each approved market across the US. The experience of HOPE products in its launch state of Pennsylvania provides Zelira with confidence that customer uptake and sales trajectories will be similar in Washington DC and other markets. Alternative Solutions CEO Matt Lawson-Baker said: We are thrilled to partner with Zelira in bringing HOPE to Washington DC and look forward to bringing patients scientifically formulated medicines they can trust. About Zelira Zelira is a leading global therapeutic medical cannabis company with access to the worlds largest and fastest-growing cannabis markets. The company owns a portfolio of proprietary revenue-generating products and a pipeline of candidates undergoing clinical development that are positioned to enter global markets. It has two proprietary formulations under the HOPE brand that are generating revenues in Australia, Pennsylvania and have been licensed in Louisiana and Washington DC with other states in the US expected to follow.
06:20 Wed 5
|Miss Universe Canada 2020 cries foul over racist comments from pageant fans https://t.co/LsltCmCH87 |
10:10 Wed 5
|With Changes Likely in Banking Regulations, Can This Cannabis REIT Still Prosper? |
Or would cannabis producers no longer need the company's sale-and-leaseback deals to raise money?
20:44 Wed 5
|: Costcos April sales rise 34%, but online sales slow down |
Costco Wholesale Corp. said late Wednesday its April sales rose 34% to $15.21 billion, with online sales slowing down from the early months of pandemic-fueled stockpiling.
|news google au |
23:15 Tue 4
|Canalys: Chromebooks saw record 274.6% growth over last year - CRN Australia |
Canalys: Chromebooks saw record 274.6% growth over last year CRN Australia Chromebooks are fast becoming the star devices in the PC market Android Authority Chromebook sales continue to surge in Q1 of 2021, up 275% Chrome Unboxed Canalys: PC and tablet markets record doubled sales in Q1 2021 - GSMArena.com news GSMArena.com Chromebook Shipments Grew 275 Percent in Q1, With HP Leading the Pack: Canalys Gadgets 360 View Full coverage on Google News