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Supreme Cannabis Company Inc (OTCMKTS:SPRWF) Posts Robust Revenues in Q1 2020: Secures Credit Facility Of $90 Million From Bank Of Montreal

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Supreme Cannabis Company Inc (OTCMKTS:SPRWF) has posted robust revenues of $11.4 million in Q1 2020, an increase of 122% when compared to the same period last year. Its subsidiary 7Acres contributed $10.5 million to the total revenues of Supreme. The consumer-facing brands are in high demand. However, its revenues declined from the previous quarter on account of reduced demand and pricing in the wholesale market, and mechanical failure in the grow rooms of 1, 2, and 3 at 7Acres.

Prepares for future quarters

Supreme is preparing for robust performance in the future quarters. It holds back the products from wholesale channels and plans to ramp up quality products that serve as inputs for the flower convenience products, and the products derived from cannabis that comprise vaporizer oils, CBD oils, and pre-rolled joints. The company is transforming 7Acres for recreational needs and improves packaging capacity at this facility.

Secures a credit facility of $90 million

Supreme is one of the few companies to secure a credit facility of $90 million that includes $20 million revolving credit and a $70 million term loan from the Bank of Montreal, which acts as the leading financier for the group of lenders. It indicates the strengths of management, operations, and business at Supreme to deliver robust results going forward.

Construction at 7Acres

The construction at 7Acres facility reached a pivotal point by the end of Q1 2020. It has completed the two-story administrative, central processing, and laboratory spaces in October 2019 and thus adding an operational space of 48,900 Sq. Ft. The company will get the license for this space to accommodate growing production needs in the future.

The 7Acres facility also inaugurated an automated bottling line that can fill up to 12,000 containers (each consists of 3.5 grams) daily. It plans to inaugurate second and third bottling lines in 2020. With the completion of additional packaging facilities, 7Acres would transform completely into the premium consumer brand from the wholesale business by Q3 2020.

Completes acquisitions

Supreme completed the takeover of Truverra, and Blissco in Q1 2020. Health Canada granted a cannabis oil sales license for the 12,000 Sq. Ft. facility of Blissco after Q1 2020.

The company appointed a senior vice president. Joel Toguri would take charge of Sr. VP (commercial) and contributes over 20 years of experience in the regulatory 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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Lifeist Wellness Inc.’s (OTCMKTS: NCTFF) Roilty wins Canadian LP Brand of the Year Award at 2021 ADCANN Awards

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Lifeist Wellness Inc. (OTCMKTS: NCTFF) has announced that the Cannabis 2.0 consumer-leaning house brand “Roilty” has won the “Canadian LP Brand of the Year” award during the 2021 ADCANN Awards. 

CannMart launched the Roilty vape carts 

The win came just months following Lifeist’s fully owned subsidiary Cannmart Inc.’s launch of its maiden high-quality Roilty-branded vape carts and sister company CannMart Labs Inc.’s launch of live resin goods, demonstrating the brand’s and Labs’ enormous potential.

The ADCANN award crowns another year of impressive gains for Lifeist’s marijuana operations, particularly CannMart’s business-to-business (B2B) marketplace, which has cemented CannMart’s position as a pre-eminent, value-adding sales platform in the cannabis industry in Canada, connecting licensed producers (LPs) and brands with regional government regulatory boards and small retailers. 

CannMart’s stellar showing, according to Lifeist, is due to its unusual business strategy in the cannabis space: CannMart holds a sales and distribution permit but doesn’t engage in marijuana production, instead of focusing on a low-cost distribution business strategy.

Lifeist CEO Meni Morim said, “Winning LP Brand of the Year for Roilty is a great accomplishment for our cannabis business. This award highlights the solid momentum that we are delivering in our recreational-focused B2B cannabis business CannMart now supported by distributing the output of sister cannabis entity CannMart Labs. While we understand that many investors may associate Lifeist’s cannabis business strictly with its B2C public facing medical platform at CannMart.com, it is the B2B business that has been, and is expected to continue to be, the driver of growth and value creation for our cannabis business, supported by cannabis 2.0 production at Labs.”

CannMart increased revenue generated by Roilty 

CannMart CEO Daniel Stern said, “In calendar 2021 we focused on strengthening and growing our licensed revenue stream through distribution agreements with licensed producers, while simultaneously increasing revenue generated by our own in-house brands such as Roilty. This achievement of winning LP brand of the year, which was voted on and selected by industry peers and the public, is a huge testament to the focus, hard work and dedication of the entire CannMart team.”

*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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Net Savings Link Inc. (OTCMKTS: NSAV) Enters Agreement To Purchase 10% Stake In Metaverse Networks LLC.

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Net Savings Link Inc. (OTCMKTS: NSAV) has announced an agreement to purchase 10% interest in Metavers Networks LLC (MNC).

MNC controls BQEX exchange 

The core asset of MNC is its control of BQEX Ltd., a major cryptocurrency exchange. Over 4 million people have signed up for BQEX Exchange. Metaverse Network LLC is a company that creates virtual worlds expected to go public in Q1 2022 in New York, significantly increasing the value of NSAV’s shareholding. This acquisition will bolster NSAV’s foothold in the $500 billion worldwide Metaverse market.

NSAV stated earlier in the week plans to collaborate with Metaverse Network LLC to produce a first-of-its-kind Non-Fungible Token (NFT). NSAV will receive 50 percent of the token’s founder’s pool, or between 5 and 7.5 percent of all NFT tokens, per the conditions of the agreement. Further information on the ground-breaking NFT, plus tokenomics, will be provided in the coming week or so. In 2021, the expanding NFT industry topped $40 billion, and leadership anticipates continued expansion in 2022.

CEO of MNC W. Y. Cheung said, “We are thrilled to work with NSAV management. They are very blockchain savvy, and their vision has always enlightened me. In addition, we are very impressed with the advanced technical ability of the NSAV team.”

Interim CEO and Senior Vice President of Cryptocurrency Operations for NSAV and Silverbear Capital partner, Dato’ Sri Desmond Lim, commented, “This is another concrete step to commercialize the metaverse relationship between NSAV and Metaverse network. According to public information, Metaverse has the potential to be a $1 trillion market, which we can harness from, and we believe NSAV should also prepare for this era to arrive.”

MNC turns diversified users for multiverse DApps

MNC is a centralized application that converts diversified users into decentralized multiverse DApps. Notably, it is  a “playground” that allows both developers and consumers to gain access, allowing the current world and the Metaverse to collaborate in peace. MNC believes that token ecology is critical to accessing the new age community and operating in the decentralized market, as Blockchain ecosystems will dominate 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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American Green Inc. (OTCMKTS: ERBB) Announce Revisions Of Cypress Chill Grow Operation Architectural Plans To Boost Revenue

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American Green Inc. (OTCMKTS: ERBB) has announced the revision of the architectural plans for the “Cypress Chill” grow operation, which now reveal that once complete, the new state of the art complex is likely to have yearly gross revenue of over $15 million per year relative to the original estimates of over $10 million annually that it forecast in August 2021. 

American Green expects to increase revenue by 700%

The expected increased gross revenue is nearly 700 percent more than American Green’s estimated annual revenue of $2 million.

American Green president, David G. Gwyther, stated, “We have to give the credit for these increased annual revenue projections to the architectural staff working with Gierczyk Inc. and especially its president Mr. Jimmy Gierczyk.  Mr. Gierczyk has been personally involved with our corporate expansion plans since we hired his company about a year ago. Credit also has to be given to our amazing cannabis grow operation team. That starts at the top with our Director of Operations, Bryan Croteau, who has been with American Green for over 3 years now and has been working daily with Gierczyk to improve and revise the Cypress Chill plans.”

Gwythe added, “I also want to recognize our newest employee Mr. Jacob Cohen, Director of Cultivation. Jacob has been working alongside Mr. Croteau and Mr. Gierczyk to develop a highly efficient, state-of-the-art design meant to produce the highest quality of cannabis for the growing Medical and Recreational market in Arizona.”

American Green partnering with leading manufacturers globally  

American Green is collaborating with several of the greatest manufacturers in the United States and around the globe to outfit the Cypress Chill facility with tailored equipment designed to extract much of the product out of the available space. Whether this is Agronomic IQ’s environmental controls, Efinity’s top-of-the-line LED lighting or custom-designed benches made in Holland, there’s something for everyone. Every piece of hardware is tailored to deliver not just the high quality that our customers demand but equally the quantity that the company’s shareholders demand.

*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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