MARKETS
Medicine Man Technologies Inc (OTCMKTS: SHWZ) Inks A Deal To Take Over Southern Colorado Growers: Reports A Robust Growth Of 504% YoY In Q1 2021 Revenues
Medicine Man Technologies Inc (OTCMKTS: SHWZ) signed an agreement to take over Southern Colorado Growers assets based in Huerfano County, Colorado, for $11.4 million.
The company will pay cash of $5.9 million when closing the acquisition and the balance of $5.4 million in its stock.
Medicine Man expects to close the deal in Q3 2021, subject to the receipt of local licensing and MED approval.
Produces biomass for PurpleBee’s extraction
The assets of Southern Colorado include hoop house cultivation facility/ equipment, 34 acres of land, greenhouse, and outdoor cultivation facility. With this purchase, Medicine Man enters cultivation to manufacture and supply high-quality cannabis to its Star Buds dispensaries. It will also manufacture biomass to support its PurpleBee’s production and extraction facility.
Plans to build more hoop house facilities
It is part of the significant expansions undertook by the Medicine Man and expects to construct more hoop house facilities in the coming quarters. Medicine Man manufactures high-quality flower comprising 30 strains. The company also bagged several Connoisseur Cup accolades for its select strains in the previous year.
Provides wholesale distillate
PurpleBee’s is a prominent provider of wholesale distillate to satisfy the demand in the CPG market. It also supplies high-quality distillate to the leading concentrates, vaporizers, and edibles companies.
Medicine Man’s CEO, Justin Dye, said the purchase is just the beginning of its foray into the cannabis space. He further said a deal with a premier cannabis cultivator like Southern Colorado allows it to provide premium quality flower to its customers in all of its 17 Star Buds locations in Colorado.
Justin said the acquisition of Southern Colorado also improves its capability dramatically to manufacture biomass on a large scale to feed its Purplebee’s MIP. Therefore, the entire cannabis industry in the state will benefit from its efforts. In addition, the takeover of Southern Colorado will improve its margins.
Medicine Man posted revenues of $19.3 million up (504% YoY) in Q1 2021. Its adjusted EBITDA is $5.8 million in Q1 2021. It holds a positive cash flow of $1.7 million from its operations in Q1 2021 compared to the loss of $2.5 million in the same period last year.
Justin is excited about Q1 2021 revenues. The growth is on the backdrop of implementing an operating system that showed an improvement in critical areas.
Horizon ETFs Management Inc. has announced the launch of two new ETFs, including Horizons Global Hydrogen Index ETF (HYDR) and Horizons Global Lithium Producers Index ETF (HLIT). The ETFs’ units commenced trading on the Toronto Stock Exchange immediately under ticker TSX: HYDR and TSX: HLIT, respectively.
HDRY and HLIT first ETFs of their kind
Each ETF is the first of its nature in the respective segment, with HYDR being the first-hydrogen-leaning ETF in Canada while HLIT will be the first lithium ETF in the country. The two new ETF’s plus the Horizons Global Uranium Index ETF now form Horizon ETFs’ collection of alternative energy funds providing exposure to future-focused, non-conventional energy components, and sources.
HLIT will replicate the performance of an index providing exposure of publicly traded companies engaging in lithium production, lithium compounds, and lithium-related components. On the other hand, HYDR will replicate the performance of indexes offering exposure to the performance of globally listed companies dealing with fuel cell technology.
Demand for green bonds is high.
Horizon ETFs CEO Steve Hawkins said that the demand for ESG ETFs had been increasing. The company recently launched the first green bond ETF in Canada, Horizons S&P Green Bond Index ETF, an ESG ETF with massive potential. The ETF offers exposure to clean transportation, renewable energy, and pollution clean-up, which are exciting fields. Hawkins said that more green bonds are being issued.
Horizon ETF announces share consolidation of certain ETFs
Recently the company announced share consolidation of certain ETFs and share splits of certain ETFs. The company consolidated BetaPro Silver- 2x Daily Bear ETF, BetaPro Crude Oil Inverse Leveraged Daily Bear ETF, and BetaPro S&P/TSX capped Energy- 2X daily Bear ETF.
MARKETS
Eve & Co Inc (OTCMKTS: EEVVF) Posts A Growth Of 430% In Cannabis Sales To Wholesale And Adult-Use Markets In 2021
Eve & Co Inc (OTCMKTS: EEVVF) reported cannabis revenues of $2.47 (up 430% YoY) in 2021.
The company recognized higher revenues from the sale of cannabis to the wholesale and adult-use markets.
Ships additional cannabis to customers in Germany
Eve & Co also shipped an additional quantity of EU GMP-certified cannabis to its customers in Germany in Q1 2021.
The company completed the shipment of cannabis products on February 11, 2021, to New Brunswick. Its products are available for online purchase and through retailers.
Eve & Co also completed the first shipment of Cannabis products on April 28, 2021, to Alberta. Privately owned retailers in the province can buy recreational cannabis products online.
Natural MedCo Ltd transports CIBB (cannabis-infused bath bombs)
Natural MedCo Ltd, an auxiliary of Eve & Co, completed the first shipment of cannabis-infused bath bombs called ‘The Optimist CBD Bath Bomb’ to the retailers based in Saskatchewan, Labrador, and Newfoundland.
Eve & Co released the fourth CIBB (cannabis-infused bath bomb) product in its cannabis 2.0 line. The company manufactured this product using nourishing and high-quality ingredients, CBD isolate, and blended with eucalyptus and natural peppermint oils. The Optimist CBD Bath Bomb is free from THC and possesses aromatic and terpene properties. It relaxes the mind and nourishes your body.
Eve & Co’s CEO, Melinda Rombouts, is pleased to unveil this product. The company added this new product to its bath bombs line, which is widely sold across the nation.
Melinda is excited that its bath bombs are performing well at the Ontario Cannabis Store. The company is optimistic its new CBD product would become a best seller.
Eve & Co’s dried flower products (28 g) are available in Indica and Sativa Blends. These products comprise sun-grown, hand-dried, hand-finished, machine trimmed cannabis flower to maintain high quality and optimal flavor.
Melinda is pleased to expand its distribution network nationwide. In addition, Eve brand plans to embrace the licensed retailers’ network in the Alberta market to boost its growth.
Eve & Co holds processing and cultivation licenses in Canada to sell and manufacture cannabis products such as cannabis plants, cannabis, and cannabis oil extraction.
Why BevCanna May Already Have Pole Position for the Coming Cannabis Beverage Craze
New Opportunity: BevCanna Enterprises Inc. (CSE:BEV) (OTC:BVNNF)
- Leader/Innovator in Emerging multi-billion-dollar Cannabis-Infused Beverage space
- Recently announced coming transition to full commercial-stage operations in coming months
- Set to become Canada’s largest organic outdoor cannabis cultivator
- World-class bottling facility about to receive full cannabis-infused bev production license
- Launching in California and Canada with Sales ramping in Q3
The big Cannabis-infused product bull market of 2019 didn’t exactly pan out like so many had believed following the landmark US Farm Bill, momentum from regulatory authorities, and a spate of high-profile Fortune 500 JV moves (ie Molson Coors and HEXO, Altria and CRON, Constellation Brands and Canopy, etc) that seemed to suggest the writing was on the wall for this transformational trend to get in gear.
What happens when everyone gets excited about a big investment theme too early? That’s right! A destructive and painful bear market. This has been story for the whole cannabis space for the past year.
However, given a purging in the pot stock space and new regulatory measures now in place for cannabis-infused beverages in Canada and California, the explosive trend in cannabis beverages can now take flight.
We believe two points are key here for investors: 1. Cannabis-infused beverage leadership investments will be far superior to non-beverage plays in the cannabis sector because of the higher barrier to entry in terms of facilities, expertise, and regulatory hurdles, and 2. BevCanna Enterprises Inc. (OTCMKTS:BVNNF) (CSE:BEV) is likely to emerge as the big speculative winner this year in that niche given a number of inherent advantages and a proactive production ramping process that has already started to take hold.
As the cannabis space heals, BevCanna is supremely positioned to assume a leadership role in a space that is defined more by new adopters than by long-time cannabis consumers. Growth is being driven by new cannabis consumers exploring the marketplace given the expanded legality of cannabis. And new cannabis consumers are, on the margin, more likely to choose new ways of consuming cannabis – ie, many don’t want to smoke it.
According to Brightfield Group researchers, cannabis-infused beverages will represent one of the fastest growing segments of the overall cannabis product complex over the next 10 years. Fior Markets found that the global cannabis beverages market could generate $4.57 billion by 2025. Companies delivering cannabis drinks in Canada in 2020 will be set up for market dominance over the next 5-10 years as the trend takes flight.
BevCanna Enterprises Inc. (OTCMKTS:BVNNF) (CSE:BEV) shares are perfectly positioned to capitalize on this trend, which makes the company a likely candidate for some M&A chatter as cannabis-infused beverages expand to conquer the North American consumer this year.
Learn More About (CSE:BEV) (OTC:BVNNF) at your brokerage today!
BevCanna’s Inherent Advantages
BevCanna Enterprises Inc. (CSE:BEV, OTCMKTS:BVNNF) bills itself as an emerging leader in infused beverage manufacturing. The company develops and manufactures cannabinoid-infused beverages and consumer products for in-house brands and white label clients.
BVNNF has been in development-stage operations since IPO-ing last summer. According to recent company communications, the stage is set for a rapid transformation to full commercial-stage operations, with sales likely to hit full volume in Canadian and California markets starting in Q3 of this year.
The company runs a 40k sq ft HACCP certified manufacturing facility, with a current bottling capacity of up to 210M bottles per annum.
The facility is state-of-the-art, with the capability of producing custom bottle form factors and water-soluble cannabinoids. This opens up an immediately obvious leadership potential for white-label product development to complement the company’s in-house brands.
The company also has access to a 100+ acre outdoor cultivation site with an on-site natural spring aquifer.
The team is also a top-draw, with former leaders at Vega, Mike’s Hard Lemonade, and other top disruptive brands and companies in the functional beverage and wellness markets and highly-regulated markets, as well as veterans from Goldman Sachs, Frito Lay, and General Mills. So, they know how to commercialize into big market opportunities.
In other words, this is a company with a world-class facility and a world-class team. And they will be receiving their cannabis-infused beverage production license very soon (They already have the research and cultivation licenses).
There’s a high regulatory barrier to entry for the cannabis-infused beverage space. That will keep competition suppressed, leaving the big profits to be made those specialist players with the resources, equipment, expertise, and regulatory clearance to dominate this high-growth market niche.
BevCanna Enterprises Inc. (OTCMKTS:BVNNF) (CSE:BEV) may be the best of breed the publicly traded markets right now among companies that meet all of these criteria. More to the point, the company is on track to have some of the first cannabis-infused beverages on the market as this phase of the cannabis revolution just gets off the ground.
Recent Catalysts
The Company recently announced that it is significantly expanding its manufacturing premises in anticipation of receiving its standard processing license and initiating full-scale commercialization this year.
In other words, they’re about to gain access to a massive and thriving market looking for cannabis-infused beverages. And the company wants to be ready to soak up every dime of potential sales right out of the gate. So these folks, being experienced business leaders, are getting ready to meet that demand with an increased capacity to produce product supplies when the bell rings and the government says “Go!”.
Learn More About (CSE:BEV) (OTC:BVNNF) at your brokerage today!
“This expansion is an exciting step for BevCanna,” said John Campbell, Chief Strategy Officer at BevCanna. “We expect to receive our standard processing license imminently, and we’re preparing to initiate full-scale production in the coming months. We’ve seen a fantastic consumer and industry response to the upcoming Canadian beverage market, and this development ensures that we have capacity and full product offerings to fulfil the anticipated demand.”
Just before that, the company announced that it has entered into a definitive joint venture agreement with Mota Ventures Corp. (CSE:MOTA FSE: 1WZ:GR OTC: PEMTF), to exclusively distribute BevCanna’s hemp-derived products in the European market.
That followed the company’s announcement that it is working with partner Nextleaf Solutions Ltd. (Nextleaf) (CSE:OILS, OTCQB:OILFF, FSE:L0MA), to employ their nano-delivery technology in BevCanna’s upcoming lines of cannabis-infused beverages. BevCanna will have the exclusive rights to commercialize this unique technology, giving the company yet another edge as a market leader in white label services.
According to the release, Nextleaf, BevCanna’s exclusive provider of water-soluble cannabinoids, has completed its acquisition of the intellectual property pertaining to the nano-delivery of cannabinoids. The acquisition includes the foundational processing methodology and two water-soluble formulations. Nextleaf intends to seek patent protection around the acquired IP and to partner with BevCanna to develop a new patent family around infused beverages.
“The IP allows consumers to feel the desired effect from cannabis-infused beverages in under 10 minutes,” said John Campbell, Chief Strategy Officer at BevCanna. “We’re eager to commercialize this innovative technology in Canada; and to act as the exclusive beverage commercialization partner, through BevCanna’s branded and white-label cannabis-infused beverages.”
Looking ahead, the company expects to receive its full license imminently, and then begin full commercial operations. In other words, this is the most exciting time to come across this stock: right in front of its most dramatic and market-moving catalysts, including full-licensing, initial product shipment, expanding sales, expanding markets, topline growth, and everything that analysts and investors typically scan for when hunting new speculative opportunities.
Right now, you have a chance at it ahead of that crowd.
Technical Analysis
One of the key points to make here is the stock’s relative strength. The cannabis equity sector has been destroyed over the past 6-12 months, and many are still in crash mode. At the same time, BVNNF shares show clear evidence of a major accumulation bid likely by smart money working to expand exposure ahead of the coming parade of high-profile catalysts just ahead for the stock.
Shares are sitting above major moving averages, but well-consolidated and ready for a potential next-leg higher if trendline resistance above the $0.33-0.35 area is cleared. This breakout would be very well supported given the nature of the stock’s basing process, which came on rising volume and bullish divergence on MACD.
Learn More About (CSE:BEV) (OTC:BVNNF) at your brokerage today!
About BevCanna Enterprises
BevCanna Enterprises Inc. (OTCMKTS:BVNNF) (CSE:BEV) develops and manufactures cannabinoid-infused beverages and consumer products for in-house brands and white label clients.
With decades of experience creating, branding and distributing iconic brands that have resonated with consumers on a global scale, the team demonstrates an expertise unmatched in the emerging cannabis beverage category.
Based in British Columbia, Canada, BevCanna has a 292-acre outdoor cultivation site in the Okanagan Valley and the exclusive rights to a pristine spring water aquifer, access to a world-class 40,000-square-foot, HACCP certified manufacturing facility, with a current bottling capacity of up to 210M bottles per annum.
BevCanna’s vision is to be a global leader in infused innovations.
Key Points:
- BevCanna Enterprises Inc. (OTCMKTS:BVNNF) (CSE:BEV) is about to receive its full cannabis-infused production license, which will allow the company to start ramping up full commercial operations as a likely leadership name in the Cannabis Bev space
- BevCanna Enterprises Inc. (OTCMKTS:BVNNF) (CSE:BEV) has a small trading float of just 38.3M, which suggests the stock could launch higher on any additional influx of interest.
- BevCanna Enterprises Inc. (OTCMKTS:BVNNF) (CSE:BEV) has a world-class facility and team, positioning the company as a dominant entity in the relatively closed loop of Canadian Cannabis-infused beverage producers
- BevCanna Enterprises Inc. (OTCMKTS:BVNNF) (CSE:BEV) has been demonstrating clear relative strength, outperforming peers in the cannabis space by a wide margin during the recent tailspin in the pot stock sector.
- BevCanna Enterprises Inc. (OTCMKTS:BVNNF) (CSE:BEV) just recorded a MACD Bullish divergence on a rising-volume base, suggesting a technical change in trend with upside breakout potential above.
- BevCanna Enterprises Inc. (OTCMKTS:BVNNF) (CSE:BEV) is set to start clocking big sales growth over coming months with innovative in-house branded products and a thriving white-label business targeting Canada and California
Conclusion
To circle back around, the cannabis bear market has come and possibly gone. And now it’s time to start picking through the rubble because there are probably some life-altering investment opportunities just lying around the floor right now in this space.
Our thesis remains: 1. Cannabis-infused beverages will offer more growth with less competition if you stick to best-of-breed plays, and 2. BevCanna, with its world-class state-of-the-art massive facility and blue-chip team with leadership experience in major markets across similar sectors, is about to gain its fully licensed access to that marketplace. And when that happens, BVNNF will be that best-of-breed name in the cannabis-infused beverage marketplace.
Symbol: (CSE:BEV, OTCMKTS:BVNNF)
Company: BevCanna Enterprises Inc.
Quote: http://finance.yahoo.com/q?s=BVNNF
Latest News: http://finance.yahoo.com/q/h?s=BVNNF+Headlines
Company Website: https://www.bevcanna.com/
Learn More About (CSE:BEV) (OTC:BVNNF) at your brokerage today!
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