In a recent article Naturally Splendid (TSXV:NSP) CEO and Director Craig Goodwin highlighted how the company is building a portfolio of high quality hemp and plant-based products.
As quoted in the article:
Naturally Splendid has a solid business strategy. We strive to be cash flow positive with our conventional line of natural products through exporting and our retail lines. We plan on building these revenue streams while we pursue the ‘blue sky’ opportunities associated with our omega extraction and formulation technologies and products. We are also well positioned to capitalize on the evolving cannabinoid markets in North America in particular, but also globally as the regulations become more ‘cannabinoid friendly’. We also have majority ownership of a 12,000 square foot processing facility in Saskatoon, Saskatchewan that we can utilize for our own extraction and formulation of plant based ingredients and products such as HempOmega™. This facility can potentially be converted to perform cannabinoid extraction and formulation as the regulatory landscape evolves to allow for such procedures in Canada.
We have made significant progress exporting to South Korea. We initially anticipated exporting 100 tons of shelled hemp seed hearts to South Korea for all of 2016. Since initiating this exporting business in February 2016, we have shipped almost 400 tons of shelled hemp seed hearts for a value approaching $4M CDN.
We are now estimating that we may export upwards of 1,000 tons of shelled hemp seed hearts to South Korea in 2016. Additionally, we will begin to introduce additional products to the South Korean market including HempOmega™.
Now that there we are nearing a cash flow positive position, we can begin to focus more efforts to securing clients and purchase orders for our HempOmega™. With a cash flow positive company, we can also begin to revisit the cannabinoid opportunities evolving in the United States. It seems Naturally Splendid is firing on all cylinders, let’s put this in perspective and talk comparables within your sector.
I believe that most of the ‘heavy lifting’ is done. We have assembled a strong professional team, launched 3 retail brands, secured advanced technologies in the areas on plant based bio-ingredients including omega extraction and formulation, as well as secured significant cannabinoid technologies. We have also bought a majority interest in a processing facility with a replacement cost of $30M Canadian. We have launched an export division and our top line sales have already surpassed all of 2015…and it looks like quarters 2, 3 and 4 will be stronger than Q1.
In short, the Company is much further developed than last year when we traded as high as $1.04 per share. I do believe the future is very bright for Naturally Splendid and its shareholders.
CanBud Distribution Corporation Closes 2M Second and Final Tranche of its Oversubscribed Private Placement Offering
CanBud Distribution Corporation (CSE: CBDX) (FSE: CD0) (“CanBud” or the “Corporation”) is pleased to announce that it has closed the final tranche of its oversubscribed non-brokered private placement for aggregate gross proceeds of approximately $4,730,000 (the “Offering”).
The Corporation issued a combined total of 39,409,346 units (each a “Unit“) at price of $0.12 per Unit, with each Unit comprised of one common share in the capital of the Corporation (each a “Common Share“) and one common share purchase warrant (each a “Warrant“). Each Warrant entitles the holder to purchase one additional Common Share at an exercise price of $0.22 within 24 months of the closing of the Offering (the “Warrant Term“), provided, however that if the closing price of the Common Shares on the Canadian Securities Exchange (the “CSE“) (or any such other stock exchange in Canada as the Common Shares may trade at the applicable time) is $0.25 or greater per Common Share for a period of five (5) consecutive trading days at any time after the closing date of the Offering, the Corporation may accelerate the Warrant Term such that the Warrants shall expire on the date which is 30 days following the date a press release is issued by the Corporation announcing the reduced warrant terms.
Thoughtful Brands Inc. (CSE:TBI)(FSE:1WZ1)(OTCQB:PEMTF) (the “Company” or “Thoughtful Brands) announces that the letter of intent with Franchise Cannabis Corp. (“FCC”), previously announced in January, has been terminated. The previously announced European joint venture with FCC will continue and allow the Company to launch and tailor its products to European consumer demands
In connection with termination of the merger transaction with FCC, the Company has agreed to pay FCC $100,000 in cash and to issue FCC 5,000,000 common shares of the Company at a deemed value of $0.05 per share. The common shares will be subject to a four-month-and-one-day statutory hold period in accordance with applicable securities laws.
Mergers and acquisitions (M&A) in cannabis space have helped boost the industry to new levels.
Strategic sale of non-core assets by Lobe adds non-dilutive capital and shareholder value
Lobe Sciences Ltd. (CSE: LOBE) (OTC Pink: GTSIF) (“Lobe” or the “Company”) is pleased to announce, further to its press release dated February 23, 2021, that it has completed the sale to Ionic Brands Corp. (“Ionic Brands”) of Lobe’s non-core cannabis assets relating to Washington-based Cowlitz County Cannabis Cultivation Inc. (“Cowlitz”) held by Lobe’s subsidiary vendor, Green Star Biosciences Inc. (the “Transaction”).
Seattle Area Grocery Chain Metropolitan Market to Begin Carrying KOIOS and Fit Soda on March 22, 2021
Adding to its existing presence on the west coast of the United States, all five KOIOS™ flavours and all four Fit Soda™ flavours will be carried in Metropolitan Market stores beginning on Monday, March 22, 2021. Serving the Seattle-Tacoma area (population 3.87 million), Metropolitan Market is one of five chains under its parent firm Good Food Holdings, which has a total of 51 stores in California, Oregon, and Washington State.
Koios Beverage Corp. (CSE: KBEV; OTC: KBEVF) (the “Company” or “Koios”) is pleased to announce that beginning on Monday, March 22, 2021, Koios’ entire line of canned beverage products will be sold at all locations of Metropolitan Market, an urban format supermarket chain in the Seattle-Tacoma area of Washington State. In Q1 2021, the Company announced multiple placements of its beverage products with regional grocers in markets on the west coast of the United States including Market of Choice in Oregon Jensen’s in Southern California and major natural grocery chain Sprouts Farmers Market which has a substantial west coast presence with over one third of its locations (360+ stores across 23 states) in California as well as Washington State 1 . The Company has also recently announced other developments relating to its expansion efforts being undertaken in 2021 such as an in-house beverage canning facility and distribution agreements with regional and national wholesale partners.