Significant news release from diversified health and wellness; beverage and natural products company, BevCanna Enterprises Inc. (CSE:BEV, Q:BVNNF, FSE:7BC) last week as the Company appointed Melise Panetta as its new President. Chief among Panetta’s resume stops is a tenure as an executive at beverage giant PepsiCo.
We think this is a very notable event. Let’s show you why.
With BevCanna’s recent transformative acquisition(s), its evident CPG and cannabis-infused beverages and natural products are going to be significant driving factors going forward. Adding an executive of Panetta’s standing can be highly catalytic to growth… and notoriety.
Let’s start with the latter. Adding Panetta, a leading consumer packaged goods (“CPG”) executive who has held senior and executive roles at global companies such as General Mills, PepsiCo, and S.C. Johnson says a lot about the quality and growth prospect of the organization. Ms. Panetta has seen beverage and CPG companies of the highest order and for her to join BevCanna at this stage, shows how she views its potential trajectory.
By inking Panetta, we believe, BevCanna gets a myriad of leadership benefits coming to the big chair as well as a real mark of notoriety.
Factor in that she has broad experience in the cannabis sector as well and the implied benefits grow clearer.
The release is chocked full of nuggets that we like: “ Melise joined the team in the fall to build our international commercial strategy ” or “ We’ve already capitalized on her significant expertise to accelerate our strategic planning for the newly amalgamated company .”
And of course, this hefty release doesn’t touch on what Ms. Panetta could hypothetically do with her industry Rolodex via deals with larger partners and/or even recruiting for the BevCanna team.
Again, 100% hypothetical but this is what presidents of companies often do.
Nonetheless, in this important release from BevCanna perhaps the most important line comes from the new president herself who says unequivocally that “ This is a truly transformative time for BevCanna.”
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News Provided by GlobeNewswire via QuoteMedia
Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) (“Trulieve” or “the Company”), today announced the closing of its previously announced marketed public offering of 5,000,000 subordinate voting shares in the United States and Canada (the “Offering”) at a public offering price of C$50.00 per share ( $39.63 per share after giving effect to the conversion rate published by Bloomberg at 4:30pm ET on April 7, 2021 to convert Canadian dollars to U.S. dollars). In connection with the closing of the Offering, the underwriters exercised in full their option to purchase an additional 750,000 subordinate voting shares. As a result, the gross proceeds from the Offering, before deducting underwriting discounts and commissions and offering expenses payable by Trulieve, were C$287.5 million (or $227.9 million after giving effect to the conversion rate denoted above).
The Offering was conducted through a syndicate of underwriters led by Canaccord Genuity, as sole book-running manager, and included Cormark Securities Inc., as co-lead manager, as well as ATB Capital Markets Inc., Echelon Wealth Partners Inc., Eight Capital and PI Financial Corp. All of the shares in the Offering were sold by Trulieve. Trulieve intends to use the net proceeds from the Offering primarily to fund Trulieve’s business development and for general working capital purposes.
Ayurcann Holdings Corp. ( CSE: AYUR ) (the “ Company ” or “ Ayurcann ”), is pleased to announce that the Company intends to complete a non-brokered private placement (the “Financing” ) of up to 2,645,503 units (the “Units” ) at a price of $0.189 per Unit. Each Unit will consist of one common share ( “Common Share” ) of the Company and one-half of a common share purchase warrant ( “Warrant” ), with each whole Warrant entitling the holder to acquire one additional Common Share at an exercise price of $0.38 per Common Share for a period of 36 months from the closing date ( “Closing Date” ) of the Financing, for gross proceeds of up to $500,000 .
The Company will have an option, prior to the closing date, to upsize the offering with the sale of an additional 25% of Units, accounting to aggregate proceeds of up to $625,000.
Lobe invites individual and institutional investors as well as advisors and analysts to attend its real-time, interactive presentation at the Emerging Growth Conference
Company is strategically building a diverse edibles portfolio with taste-forward and effects-driven products to cater to market and consumer needs
Cresco Labs (CSE:CL) (OTCQX:CRLBF) (“Cresco Labs” or “the Company”), a vertically integrated multistate operator and the number one U.S. wholesaler of branded cannabis products, today announced the launch of Wonder Wellness (“Wonder”) Gummies and availability in Illinois. The new low-dose edibles are enhanced with botanicals to complement the overall cannabis experience, and their simple packaging communicates desired effects so wellness-minded category newcomers can consume with confidence to add cannabis as a part of their daily lifestyles.
INDVR Brands Inc. Signs Letter of Intent with BevCanna to Introduce Honu’s THC Infused Products to Canadian Consumers
INDVR Brands Inc. (CSE: IDVR) (the “Company” or “INDVR Brands” or “INDVR”), a premier cannabis brand, consolidator and edibles retailer, proudly announces it has signed a Letter of Intent (“LOI”) with BevCanna Enterprises Inc. (“BevCanna”) to produce and distribute certain HONU THC infused and award-winning edible products to retail locations across Canada. The new partnership marks INDVR’s first introduction to the Canadian cannabis market and its first international expansion.
“With the THC infused product segment making up a growing percentage of the cannabis consumed in Canada, now is the ideal time to introduce our HONU brand into an edibles market estimated at approximately $1.6 billion annually,” said Joshua Mann, INDVR’s CEO. “Our dedication to product quality and consistency is our defining factor in producing some of the most trusted products in Washington and Oregon states, and we are excited to start building the same brand-loyal following across Canada.”