Biome Grow CEO: International Markets Represent the Bulk of Our Business

Biome Grow CEO Khurram Malik talks about the company’s long-term goals, vertical integration and the global medical cannabis market.

Biome Grow (CSE:BIO,OTCQB:BIOIF,FWB:6OTA) CEO Khurram Malik believes the company’s experience in building vertically integrated cannabis operations in Canada will be beneficial to expanding its international presence.

In the interview below, Malik talked about the advantages of being a small-cap company that can make large-cap deals without spending hundreds of millions of dollars in the process. One of the reasons for Biome’s recent success is its vertically integrated operations. He pointed out that cannabis companies typically become vertically integrated over time in order to be successful. Biome, on the other hand, ensured that they were covering all verticals from the start.

If the company can execute its business model, Malik believes that Biome could become a major cannabis company within the next two years.

Malik also provided an overview of the company’s long-term goals, which include becoming a global medical cannabis company. He believes that the real opportunity for Biome is in the global medical cannabis market. He points out that Canada is home to only 36 million people, and there are countries abroad that have twice the size of Canada’s population. Until Biome goes international, however, the company will be focusing on filling gaps in the Canadian market, such as creating cannabis brands that are unique to each province.

Below is a transcript of our interview with Biome Grow CEO Khurram Malik. It has been edited for clarity and brevity.

Investing News Network: Please provide an overview of Biome Grow.

Biome Grow CEO Khurram Malik: Biome is a Toronto-based cannabis company with domestic operations in Atlantic Canada. We’ll have an international focus later this year as this is where the bulk of our business will come from moving forward.

INN: How does Biome approach business as a small-cap company making large-cap deals?

KM: We’ve designed Biome to be very efficient despite having a small footprint, which allows us to secure large deals that generate large cash flow without spending hundreds of millions of dollars to secure these deals. We’re also regulatory specialists who have helped build some of the largest cannabis companies in Canada because we know how to navigate the supplier and offtake side of things.

INN: How important is vertical integration to Biome’s development?

KM: We’ve been vertically integrated since day one, which is unusual. Typically, most companies don’t do this at the start and pick it up as they grow. We’ve been working in this industry for a long time and have helped build vertically integrated platforms before. We know how to do these things simultaneously. We know where the pitfalls, pivot points and pain points are, and we can deal with them quickly and efficiently. If we do our job correctly, Biome could become a major company within the next two years.

INN: What is the focus of Biome’s long-term business strategy?

KM: Our long-term strategy is to export Canadian cannabis and brands overseas. We want to be known as a global medical cannabis company that has production, retail, regulatory and educational assets. Canada is our home base and where we started.

INN: How important is medical cannabis to Biome’s future?

KM: It’s very important. We prefer the medical market over the recreational market because the margins are thicker, there are greater barriers to entry and there are more innovations to be made. There’s also less competition and more sustainable control over your destiny. Additionally, the world is moving towards medical programs — not recreational. There are only 36 million people in Canada. It’s a great but small market and only a starting point for us. The real prize resides in global markets that are serving hundreds of millions of people.

INN: How does Biome plan to differentiate itself from similar cannabis companies?

KM: The Canadian cannabis market is in its early stages, and no one has established the right way of doing things. We’re trying to identify the gaps in the system and fill them. In Canada, that gap is provincial brands. In overseas markets, it’s licensed producers. Many large countries also need help in establishing their regulations and cannabis programs. We’re helping them define those regulations and programs based on what we’ve learned in Canada. We have an entry niche in Canada, and being a first mover in these large countries coming online is just the beginning for Biome.

This interview provides information which was sourced by the Investing News Network (INN) and approved by Biome Grow, in order to help investors learn more about the company. Biome Grow is a client of INN.

INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.

The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Biome Grow and seek advice from a qualified investment advisor.

This interview may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, receipt of property titles, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The issuer relies upon litigation protection for forward-looking statements. Investing in companies comes with uncertainties as market values can fluctuate.

Western Copper and Gold CEO: We’re Western Copper and Gold for a Good Reason

“We’ve got 21 million ounces of gold and 11 billion pounds of copper in our overall resource at Casino. Very significant from both a copper and gold perspective. So we’re Western Copper and Gold for a good reason,” shared Western Copper and Gold CEO Paul West-Sells.

Western Copper and Gold (TSX:WRN,NYSE:WRN) is currently sitting on a resource that’s composed of 21 million ounces of gold and 11 billion pounds of copper.

Western Copper and Gold CEO Paul West-Sells views this as a significant endowment for the company and its shareholders, as well as for Canada and the Yukon.

“We’ve got 21 million ounces of gold and 11 billion pounds of copper in our overall resource at Casino. Very significant from both a copper and gold perspective. So we’re Western Copper and Gold for a good reason. And that’s where the value is in the ground,” said West-Sells.

In June 2021, the company announced a positive preliminary economic assessment at its wholly owned Casino copper-gold-molybdenum deposit in the Yukon. Western Copper and Gold will conduct a feasibility study on Casino, and it is targeted to be completed by the second quarter of 2022.

“The other big push for us is to get the permitting going. We now have money in the bank, and we just hired a vice president of permitting to move the project. More importantly, we now have Rio Tinto (ASX:RIO,LSE:RIO,NYSE:RIO) as a strategic investor, which was the last piece that was really missing. This is a big project. A lot of ounces, a lot of pounds, a lot of upfront capital to get those out of the ground.”

Western Copper and Gold completed a brokered private placement for aggregate gross proceeds of $8,010,000 that will be used to fund “Canadian exploration expenses” and “flow-through mining expenditures.”

Watch the full interview of Western Copper and Gold CEO Paul West-Sells above.

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Novo Resources Executive Co-Chairman Michael Spreadborough: Well Financed to Bring Exploration Projects into Production

Novo Resources Executive Co-Chairman Michael Spreadborough said the company has a strong balance sheet to keep advancing its projects toward production.

Novo Resources (TSXV:NVO) recently announced it has intersected high-grade gold at its Talga Talga gold project and has accelerated the near-mine exploration program at its Nullagine gold project in Western Australia. Novo Resources Executive Co-Chairman Michael Spreadborough said the company has a strong balance sheet to keep advancing its projects towards production.

“We are sitting at approximately $50 million cash at the moment, (and) have a strategic investment portfolio that’s worth roughly C$150 million. Our balance sheet is very, very strong with enough horsepower to do the exploration work. We are in a very strong position to keep us moving forward,” he shared.

Novo Resources’ exploration program has been accelerated with additional funding of up to AU$2.5 million to support near-mine exploration. The amount is on top of the previously approved AU$12 million. Novo Resources is aiming to accelerate the delineation of targets in the Mosquito Creek Basin that have the potential to provide additional oxide mill feed to the Golden Eagle processing facility

“We like to play with innovation, we like to be leaders in some of the things that we’re doing. So we’re very focused on ore sorting. Innovation is a big focus in our culture. We’re putting over $15 million a year into exploration as we develop more targets to bring into production,” said Spreadborough.

“We’ve already found good gold discoveries, we’ll probably find more as we do more work. We’ve got the horsepower financially and we’ve got that ability. We’ve demonstrated now that we can take exploration projects all the way through to development and into production. We have the complete skill set. We think we’re in a good position right now to move the company forward,” he added.

Watch the full interview of Novo Resources Executive Co Chair Michael Spreadborough above.

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Azincourt Energy CEO Alex Klenman: Applying Artificial Intelligence to Uranium Exploration in the Athabasca Basin

“Nobody’s really applying artificial intelligence into the uranium exploration in the Athabasca, and so we might be a first mover,” said Azincourt Energy CEO Alex Klenman.

Azincourt Energy (TSXV:AAZ,OTCQB:AZURF,FWB:A0U2) CEO Alex Klenman discussed the company’s pioneering initiatives to bring artificial intelligence (AI), data mining and rapid algorithm work into mining exploration.

Azincourt Energy recently entered into an agreement with FOBI AI (TSXV:FOBI) to apply its established AI and applications “to support Azincourt’s goal of making discovery and delineating a resource at its East Preston uranium project,” according to a press release.

“Nobody’s really applying AI into the uranium exploration in the Athabasca, and so we might be a first mover. We’d like to embrace new technology and see how it can make us more efficient,” said Azincourt Energy CEO Alex Klenman.

According to Klenman, the ultimate goal is to utilize technology to allow Azincourt Energy to make discoveries more quickly, with less impact on the environment and with fewer dollars spent on drill holes and exploration initiatives.

The company recently closed the final tranche of a private placement worth $8 million, which will be used to fund the development of the East Preston uranium project. The flagship East Preston project covers over 25,000 hectares in the Western Athabasca Basin, Saskatchewan.

“We’re heading into our drill program in the winter, and we’re going to do 30 to 35 holes. We’re exceeding the entire pre-run here for four years. We have strong institutional support from funds, which allows us to get more aggressive. Our timing looks really good. We’re excited to be cashed up and doing our biggest drill program and the best market we’ve seen since 2011,” shared Azincourt Energy CEO Alex Klenman.

Watch the full interview of Azincourt Energy CEO Alex Klenman above.

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