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VIVO Cannabis Inc Provides Strategic Update Regarding Company’s Future and for Medical

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A leading provider of premium medical cannabis and services, VIVO Cannabis Inc, (OTCMKTS: VVCIF) announced the strategic updates regarding its future for its shareholders on August 25. In addition, the wholly-owned license holder of Canna Farms and ABcann Medicals subsidiaries provides additional information regarding the company’s focus after July 5, 2021. In the previous reports, VIVO Cannabis elected a new slate of Board Directors. Also, it announced the new Chief

Executive Officer, Ray Laflamme, and since that, the company’s Board and Management reviving its business strategy actively.

VIVO Cannabis’ board of directors met to review the company’s proposed strategy. In addition, it also assessed alternative options and announced that it would enhance its focus on assisting its medical business retail, health, and wellness. Moreover, currently, the company is positioned as strong in medical cannabis by having many assets. By enhancing these assets, the company anticipates establishing itself as an international medical leader focused on improving the patients’ lives.

VIVO Path to Profitability

VIVO Cannabis targets feedback from its medical stakeholders and patients, reduces operations expenses, and integrates its business and operating systems to attain profitability. VIVO

Cannabis’s Strong assets are Canna Farms and ABcann Medicinals, EU-GMP Certification, Harvest Medicine, Patient care expertise, Germany, Australia, and other international markets.

Ray Laflamme’s Statement

Chief Executive Officer, Ray Laflamme, said they recognized their strengths and are committed to providing value to their patients and shareholders by improving those strengths. He also adds that they will continue to work as a team and listen to the patient’s needs, health professionals, advocacy, and payors groups in domestic and global medical markets. With an enhanced and renewed focus on their medical channels’ core values, VIVO Cannabis re-commit to assisting people as their top priority.

Canna Farms began as a first patient company from the beginning. This is a progression to re-commit their efforts given their success in the last six years. The company expects to maintain recreational sales on core products to support consumers who purchase across these channels in health and wellness products.

*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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Endexx’s Subsidiary, Go Green Global, Initiates the Launch of its Herb House dispensary in Jamaica

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A leading provider of Hemp, nutritional, and wellness products, Endexx Corporation announced that its international subsidiary, Go Green Global, initiated a soft launch of ‘Herb House’ in Ocho Rios, Jamaica. Endexx Corporation announced the initiative on August 23 by enabling the first Go Green Global’s licensed store to carry premium marijuana for medical purchase and other related superior products for the consumers. Go Green launched the herb house in the Taj Mahal shopping center in Ocho Rios, one of the famous tourist destinations that also enables consumers to enjoy shopping. Moreover, the shop is well placed at last to assist consumers before they depart for their tourist attractions to Ocho Rios waterfalls.

Todd Davis’s Comments

Chairman and Chief Executive Officer of Endexx, Mr. Todd Davis, commented that they are excited to officially start a business in Jamaica and increase the growth phase of global market revenue. Also, they believe that initiating the foundation for global markets; Jamaica is the perfect place to develop a primary international brand. In addition, Endexx Corporation continued its research to create innovative products and anticipate reaching the consumers broader. Moreover, they are more confident in achieving significant growth in revenue in their new business initiatives in the international cannabis industry.

Go Green Global offers many growth opportunities by adding more wholesale channels and distribution for their global customers. According to the Davis comments, their mission is to reach millions of customers with their medical and scientific approach, which they initiate their new venture into the global marketplace. Furthermore, Davis concluded that after three years of working with the CLS, since filed for the licenses in 2018, the accomplishment is significant for a global initiative.

Furthermore, Carnival Line docked on August 16, 2021, at the Ocho Rios port. The Carnival cruise is referred to as the first global cruise to visit Jamaica after 2019. Other premium lines are planning to re-enter the ports of Jamaica in the Caribbean waters. This is the initiative of tourism to Jamaica.

*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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Planet 13 Holdings Inc (OTCMKTS: PLNHF) Announces Divestiture of Florida License with Harvest Health

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Harvest Health & Recreation Inc (OTCMKTS: HRVSF), is a multi-state operator in the United States, recently announced that it had signed a definitive divestiture agreement with Planet 13 Holdings Inc (OTCMKTS: PLNHF) for its Medical-Grade Cannabis Treatment license from Florida’s Department of Health.

Planet 13 Holdings Inc (OTCMKTS: PLNHF) has agreed to buy the license for approximately $55 million. The planned divestitures are made up of the license sale only and don’t include any operational or planned facilities. Closing this specific divestiture remains subject to the CSCC (customary satisfaction of closing conditions), including the planned acquisition of Trulieve Cannabis Corp and other regulatory approvals

Senior Management

Steve White, the company’s Chief Executive Officer, said that they’re delighted to have entered into this divestiture agreement for the Florida license, which they’ll need if they want to finalize the Trulieve deal. He further stated that they’re encouraged by how much progress they’ve made so far and will continue to strive and complete both deals. Harvest’s financial adviser in this deal was Canaccord Genuity Corporation.

Harvest Health has its headquarters in Tempe, Arizona. It’s a multi-state operator and a vertically integrated cannabis corporation. Since 2011, the company has been dedicated to expanding its wholesale and retail footprint all across the United States. The company is dedicated to selling, manufacturing, and acquiring cannabis-based products for both consumers and patients all across the country. In addition to all this, the company also wants to provide dispensaries with their services. Through targeted acquisitions, service agreements, and organic license wins, Harvest Health has created operational footprints spanning many different states in the United States.  

Todd Harrison posted on Twitter about this deal and even mentioned the consideration price of $55 million. Many people had mixed reactions about the whole transaction, but a majority felt like both parties were getting one step closer to achieving the business goals they set out when they started doing what they do now.

*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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Valens Company Inc (TSE: VLNS) Buys The Issued And Outstanding Common Shares From Citizen Stash

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Valens Company Inc (TSE: VLNS) and Citizen Stash Cannabis Corp (OTCMKTS: EXPFF) have announced their entry into a new deal. It is an arrangement that will enable Valens to reach its goal to purchase the issued and outstanding common shares from Citizen Stash. 

Details about the deal

The company understands all the terms and conditions, which include working with a court-approved plan of arrangement. In addition, the company says the arrangement must be linked to the Canada Business Corporations Act and discloses the transaction’s value, which stands at about $54.3 million on an enterprise value basis.

The Citizen Stash shareholders know the great role the terms of the Arrangement Agreement play in the wider scheme of matters, including dictating what they end up with in the form of Valens common share. 

Valens considers the Citizen Stash Acquisition to be a step towards the right direction, outlining that it will be rather accretive for it in the future. It looks forward to great times ahead where it improves its portfolio. It hopes to add to it an innovative, premium flower brand. It acknowledges that it exists in a rather competitive business climate and is thus doing everything to keep improving its position in the fast-changing world. 

The successful completion of the Citizen Stash transaction tells quite a lot about Valens’s determination to succeed. It is an achievement that takes the company’s acquisitions a notch higher. They will add up to a total of three. 

Valens wants to progress, which includes developing an elaborate global manufacturing platform that will enable it to clinch a significant market share. In addition, it plans to undertake a series of innovative product launches that serve product consumers with great experiences.

Robson’s perspective

The  Chief Executive Officer and Chair of the Board of The Valens Company, Tyler Robson, opines, “We are excited to join forces with Citizen Stash’s experienced team and broaden our offerings in the flower and pre-roll verticals with a best-in-class brand. The premium price tier of the flower and pre-roll segments represents the best expansion opportunity for Valens in the flower category, as premium brands are the hardest to build, while also capturing the highest margins.”

*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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