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Cannabis Hubs Push for Growth (CNFA, GTBIF, TCNNF, LHSIF)

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Expansion continues in the cannabis patch, with organic footprint growth among many of the leaders in the space, even as the pandemic rages on. That expansion takes different forms for different leading names. But the overall picture remains one of high-ROI assumptions.

We look at several of the most active names in the space here, including: Green Thumb Industries Inc (OTCMKTS:GTBIF), Trulieve Cannabis Corp (OTCMKTS:TCNNF), and Liberty Health Sciences Inc (OTCMKTS:LHSIF). Green Thumb Industries Inc (OTCMKTS:GTBIF) just announced it will open Rise Duncansville, its 47th retail location, on June 30. According to the release, profits from the first day of sales will be donated to Last Prisoner Project, a nonprofit coalition of cannabis industry leaders, executives, and artists dedicated to bringing restorative justice to the cannabis industry. Green Thumb also donated the first day of profits to the Last Prisoners Project when Rise Chambersburg opened in Pennsylvania earlier this month. “We are grateful to create jobs throughout the state as we continue expanding our retail footprint in Pennsylvania during the COVID-19 crisis,” said Green Thumb Founder and Chief Executive Officer Ben Kovler. “The team is also honored to partner with the Last Prisoner Project on the important work of redressing the past and continuing harms of unjust laws and policies so that victimless cannabis prisoners can walk free.”

Green Thumb Industries Inc (OTCMKTS:GTBIF) bills itself as a company that manufactures and sells various cannabis products in the United States. The company’s cannabis products include flower, concentrates for dabbing and vaporizing, edibles, and topicals. The company markets its products through third-party retailers. It also owns and operates a chain of 50 retail stores under the RISE dispensaries name. The company was actually also named a Best Workplace 2018 by Crain’s Chicago Business. It will be interesting to see if the stock can break out of its recent sideways action. Over the past week, the stock is net flat, and looking for something new to spark things. Green Thumb Industries Inc (OTCMKTS:GTBIF) pulled in sales of $138M in its last reported quarterly financials, representing top line growth of 271.9%. In addition, the company is battling some balance sheet hurdles, with cash levels struggling to keep up with current liabilities ($101.8M against $182.5M, respectively).

One key name in the group that deserves some attention is CanaFarma Hemp Products Corp. (CSE:CNFA.CN), a full-service company operating in the hemp industry offering a full range of hemp-related products and services to the consumer wellness market. CanaFarma’s flagship brand is “Yooforic” – ie, like “euphoric”, but with unique spelling – a line of hemp-based CBD-infused products for sale, meeting the highest standards for performance and purity, including gums, tinctures, and creams. 

Even more importantly, the company’s model is driven by a unique marketing model that appears to be growing in terms of traction. Trailing sales and growth are quite strong, and CBD segment is increasingly attractive. We would also note that the hemp-sourced CBD market is growing at an 18.4% Compound Annual Growth Rate (2018-2022), which means it is now outpacing medical and recreational marijuana. This makes sense given that CBD has a much larger total addressable market than does marijuana given that it is not an intoxicant and has the potential to become a mainstream household industry.

 

Trulieve Cannabis Corp (OTCMKTS:TCNNF) just announced the doors of a record 50th location within the State of Florida opened on Friday, June 26th. In other words, one of the fastest expanding distribution forces in the cannabis space is still powering along on a rapid curve.

According to the release, the Ocala location is Trulieve’s 52nd location in the United States, 50 of which are located in the Company’s home state of Florida. Near downtown Ocala, the dispensary supports the Company’s mission to expand and ensure safe, reliable patient access statewide. It also joins Trulieve’s 49 other dispensaries statewide, including in nearby Gainesville, Lady Lake, and Daytona Beach. At approximately 4,400 square feet and with 10 point-of-sale stations, the dispensary will be the Company’s first in Marion County.

Trulieve Cannabis Corp (OTCMKTS:TCNNF) promulgates itself as a company that, through its subsidiary, Trulieve, Inc., engages in the cultivation, possession, distribution, and sale of medical cannabis in the United States.

It offers a suite of Trulieve branded products with approximately 125 SKUs, including nasal sprays, capsules, concentrates, syringes, and cannabis flower in tamper-proof containers for vaporizers, topical creams, tinctures, and vape cartridges.  The company distributes its products to Trulieve branded stores (dispensaries) in Florida, as well as takes orders online and by phone for delivery. As of November 20, 2018, the company operated 21 dispensaries. Trulieve Cannabis Corp. is headquartered in Quincy, Florida. If you’re long this stock, then you’re liking how the stock has responded to the announcement. TCNNF shares have been moving higher over the past week overall, pushing about 4% to the upside on above average trading volume. Trulieve Cannabis Corp (OTCMKTS:TCNNF) managed to rope in revenues totaling $129.2M in overall sales during the company’s most recently reported quarterly financial data — a figure that represents a rate of top line growth of 118.5%, as compared to year-ago data in comparable terms. In addition, the company has a strong balance sheet, with cash levels far exceeding current liabilities ($143.5M against $104.7M).

 

Liberty Health Sciences Inc (OTCMKTS:LHSIF) just announced that it has entered into a licensing agreement with licensed California adult use and medicinal cannabis company HONEY, one of California’s largest full service companies, to supply all of Liberty’s dispensaries with the company’s full assortment of branded products. According to the release, in 2012, HONEY revolutionized the cannabis industry by becoming the first producer in the world to market distilled cannabis oil in vape cartridges. Today, they provide authentic, full spectrum oil in vape cartridges, applicators, and caps to legal dispensaries and delivery services.

Liberty Health Sciences Inc (OTCMKTS:LHSIF) frames itself as a company that engages in the production and distribution of medical cannabis primarily in the State of Florida. It has a strategic partnership with Veterans Cannabis Project to support various research projects focused on the treatment of service related trauma with cannabis derived products; and partnership with AdaViv Inc. to enhance production of cannabis. 

The company is headquartered in Toronto, Canada. Liberty Health Sciences was established to own and operate medical marijuana licenses in the United States. To date, the company owns one of 14 licenses issued in the state of Florida as well as 50.1% interest in a provisional processing license and a provisional dispensary license, both in Ohio. Liberty has also made an investment in a provisional medical license in the Commonwealth of Massachusetts.

The stock has suffered a bit of late, with shares of LHSIF taking a hit in recent action, down about -11% over the past week. Over the past month, shares of the stock have suffered from clear selling pressure, dropping by roughly -11%.  Liberty Health Sciences Inc (OTCMKTS:LHSIF) generated sales of $17.8M, according to information released in the company’s most recent quarterly financial report. That adds up to a sequential quarter-over-quarter growth rate of 10.4% on the top line. In addition, the company is battling some balance sheet hurdles, with cash levels struggling to keep up with current liabilities ($25M against $25.5M, respectively).

*Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.

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Cyberlux Corp (OTCMKTS: CYBL) Gives Update on Its Accomplishments for September 2021

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Cyberlux Corp (OTCMKTS: CYBL) has announced its most essential accomplishments on September 2021. A statement given by the company’s CEO Mark Schmidt reveals its achievements.

Achievements Cyberlux made in September 

One such achievement is the hiring of a new General Manager and Executive Vice President for Cyberlux’s FlightEye Drone Solutions. Larson Isley, who will take on this role, has vast experience as a Consulting Scientist and Guidance System Expert.

The company also introduced its FlightGDN platform to take advantage of UAS and its future capabilities. FlightGDN is a technology platform focussed on supporting high-tech military-grade UAS solution packages and products. It incorporates Cyberlux technologies and also uses third party technology such as VR/AR perception technologies, LiDAR mapping, infrared night vision and, LED lighting. The company also refreshed its website on September 30.

Cyberlux completed the acquisition of CTMC Drone Solutions, LLC, which will make up its drone technology platform. The company made the transaction with a series of cash payments, cashless warrants and shares of common stock. Cyberlux plans to use this same structure with its future acquisitions.

The company also partnered with Strike Group, LLC to promote the contracting and adoption of Cyberlux Infrastructure products such as solar power solutions and LED street lighting. It was also to promote products by Flight Eye Drone Solutions.

Yahoo has also identified Cyberlux as one of the ten best Micro-cap stocks for investors.

Cyberlux’s plans 

Cyberlux is making plans to announce the hiring of a new staff member who will be instrumental in improving its Unmanned Aircraft Systems Business. The new hire is said to have significant reach with U.S agencies.

The company will also announce a new acquisition. This acquisition will help Cyberlux penetrate European and U.S markets. Another Cyberlux platform acquisition will be closed by the end of October.

Meanwhile, Cyberlux will continue to execute its Alpha growth plan. The plan consists of three objectives. The first is to accelerate growth acquisitions, aggressive strategies, and partnerships. The second objective is to focus on the target market with DoD products and new technology. The final aim is to get OTC Pink Current Information Status to gain velocity.

*Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.
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Puget Technologies Inc (OTCMKTS: PUGE) Formally Announces That The Group Has Ventured Into The Real Estate Market and The Group Names Carlos H. Arce, Esq. As Its Chief Legal & Compliance Officer

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Puget Technologies Inc (OTCMKTS: PUGE) has hit the headlines yet again. The group made an official announcement that it has forayed into the real estate industry.

The group has inked a Letter of Interest for the acquisition

Sources have confirmed that Puget Technologies Inc has inked a LOI to allow the group to take over a company in the real estate sector. The acquired group will double up as a space providing facilities that are necessary for medical practitioners.

Furthermore, it is understood that a corporate house named Care Suites LLC was established in Delaware in 2019. The group aims to adopt the innovative approach and co-work. By doing so, medical practitioners can effortlessly and quickly switch to individual practice by taking advantage of facilities offered by CareSuitesTM.

To make the process user-friendly, CareSuites has committed to providing medical practitioners, health care workers, and staff with the facilities, infrastructure, and equipment required in private practice. A source from the company shared that this is one of the most affordable ways medical practitioners should take advantage of.

Puget Technologies Inc is granted the right to negotiate acquisition terms

Puget Technologies Inc is granted the right to negotiate acquisition terms with CareSuites. The latter gives the former the requests till March 12, 2022. Under the terms of the acquisition, securities of CareSuites’ will be exchanged for shares of Class B Convertible Preferred Stock. If all works well, CareSuites will become a 100% owned member of Puget Technologies Inc companies. A source following the developments shared that Puget Technologies Inc is anticipating sealing the deal at the earliest.

Puget Technologies Inc has a new addition to its management team 

Puget Technologies Inc, in other news, has informed that the group has taken on board Carlos H. Arce, Esq. In a statement, the company announced that Arce would serve as Chief Legal & Compliance Officer. The new appointment stands effective from October 5, 2021. On the new job role, Arce expressed happiness in being associated with the leaders in the industry.

*Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.
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VOLKSWAGEN GROUP Common Stock (OTCMKTS: VLKPF) Bags TU Wien Prize, Financial Services of the Group inks joint venture with LM FROTAS in Brazil and Company Adds 70,000 New Clients with Best-Selling ID.3 in Its Debut Year

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VOLKSWAGEN GROUP Common Stock (OTCMKTS: VLKPF) is in a celebration mood. The group has added yet another feather to its cap.

VOLKSWAGEN GROUP Common Stock awarded for developing the modular electric drive matrix (MEB)

VOLKSWAGEN GROUP Common Stock was recently awarded to develop the modular electric drive matrix (MEB). For this effort, the 22nd Porsche Prize was conferred on the automobile giant. On behalf of the company, Thomas Ulbrich, a member of the Volkswagen brand Board of Management, Technical Development division, accepted the recognition.

MEB is an all-new era of mobility

The modular electric drive matrix, also known as MEB, redefines mobility. With the MEB, the group has achieved the aim of introducing a new generation of electric drive, which drastically brings down the e-mobility cost and, at the same time, works to achieve zero-emission mobility.

The electric drive matrix is engineering at its best 

Dr. Bernhard Geringer, who serves as a member of the board of the Institute for Powertrains and Automotive Technology at TU Wien, stated that the electric drive matrix is engineering at its best. Dr. Geringer added that the flexibility, design solutions, and application would shape the future of electric mobility.

Volkswagen Financial Services enters into a joint venture with LM FORTAS in Brazil

To thrive in the market in Brazil, Volkswagen Financial Services recently entered into a joint venture with fleet provider LM FORTAS in Brazil. The agenda of the joint venture is to expand the fleet business in Brazil. While Volkswagen Financial Services holds a 60% stake in the joint venture, LM FORTAS owns the remaining 40%.

The Managing Director of Volkswagen Financial Services in Brazil, Jörg Pape, said that the group is working towards becoming the world’s largest fleet provider. Pape added that the sector offers a lot of potentials to grow. Confident of the partnership, he stated that the overall market volumes will be higher in 2026.

In other news related to VOLKSWAGEN GROUP Common Stock, it has come to light that the group has added to its client base, 70,000 new customers. The increase in customers has come from the sales of ID.3 in the debut year.

*Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.
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