Lifestyle

INSD Instadose Pharma Corp. – Company Snapshot

INSD Instadose Pharma Corp. – Company Snapshot

Company Snapshot

Company Name: Instadose Pharma Corp. (INSD)

Ticker: INSD

Exchange: OTC

Website: https://www.instadosepharma.com/ 

Industry: Cannabis 

Company Summary:

Canada-based Instadose Pharma was established in July 2017 as an extension of a ground-breaking deal with the Democratic Republic of the Congo (DRC). The Canadian company became the first to obtain a full license to cultivate medical cannabis in the DRC and it is the only one with permission to export this product from the African country for international sale and distribution.   The company has since expanded its operations through joint partnerships with other countries which include Southern Africa, Mexico, North Macedonia and Portugal.  Instadose Pharma continues to build relationships and joint ventures with other countries around the world.

INSD’s product: 

Medicinal Cannabis BioMass – Instadose Pharma is committed to the highest level of standards when it comes to production and distribution of cannabis to be used for extraction purposes.

5 Day Chart

The stock consolidated after a 1,000% explosion! The $36 price per share as seen below is a critical support level that I would keep your eye on, but it seems to be consolidating and could make another move. However, what goes up must come down and a 1,000% in the last 6 weeks is really, really up!

Daily Chart

Only one down day in a month! It appears that this could be a campaign, as you see the three distinct buying cycles in late September, Mid October and the last three days. Based on the historical pattern, I would imagine this should be the end of the run today or tomorrow. 

Technical Summary

This stock is thinly traded with low trading volume and I would expect it to be extremely volatile after the 300% run over the last month. 

Conclusion

1,000% gains over the last 6 weeks, consolidation over the last 5 days, I would be very concerned because what must go up must come down. However, this has a lot of attention on it and I would keep an eye open for a pullback and correction, then maybe jump on it!

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NTN Buzztime Announces Meeting with Shareholders. Stock Falls Sharply for second day.

NTN Buzztime Announces Meeting with Shareholders. Stock Falls Sharply for second day.

NTN Buzztime Announces Meeting with Shareholders. Stock Falls for second day.

NTN BuzztimeBuzztime has been moving uphill since September, and in last 45 days had some significant jumps. In mid September NTN was trading around $1.60pps and by end of January had hit highs above $5.20pps

That all ended in the last 2 days. Buzztime NTN fell on Wednesday this week by 20% intraday, from $6.38 to $4.82.

Just 2 hours after the market closed they released press and what was already a bad day got a bit worse. 

By Market open today NTN shares started trading at $4.55 and have stayed under $5 most of the day. 

NTN News -NTN Buzztime Announces Date of Special Meeting of Stockholders to Vote on Proposed Merger and Asset Sale

Another Breakout Stock Alert

 

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This is Why Koios is a Leader and Continues with Massive Growth

This is Why Koios is a Leader and Continues with Massive Growth

Ok… We have to start to get serious about a proven industry that’s in the beginning stages of making an extreme change…

Remember about a little over a decade ago when energy drinks exploded overnight and we were seeing new energy drinks coupled with strong marketing seemingly popping up out of nowhere?

You had your Red Bull girls, your Monsters, your Rockstars, your Amps, and a number of other little ones all touting “explosive energy in a can brah!” Whether it was the addictive nature of 200mgs of caffeine and 50gs of sugar per can, the quality marketing, or simply the fact that the big soda staples have been feeding us the same flavord beverage since the early 1900’s, no one could deny that these new drinks were something that the buying population wanted.

These drinks are more expensive than the average carbonated beverage but that didn’t stop consumers from purchasing because these consumers were already looking for a beverage in the healthier direction and boy did these new energy drinks try to market themselves as the new healthier alternative.

Well, ten years later, it’s 2019, the money for the marketing gimmicks has dried up, the taste never improved, and most importantly, the customers have gotten smarter.

The problem for the energy drink industry is that they didn’t deliver on what was potentially a huge chunk of the market. Further, their drinks were essentially sugar and caffeine in a can. They were marketed as being healthier than a can of coke but they weren’t. In many cases, they were worse. And once the consumers figured it out, they left in droves.

But there’s no question that people still want energy in hand. Just go to any Starbucks and see consumer after consumer suck down cup after cup of coffee just to get a hit of it.

Consumers just demanded that the product be healthy, light on the caffeine and sugar, offer brain support, and all around be a drink that boosts performance. – You know, kind of what the energy drinks of the previous decade marketed? – Is that too much to ask?…

Perhaps in 2009, but not anymore…

Enter the world of biohacking and nootropics, which is a class of natural occurring ingredients that switch on your brain and boost mental performance.

Nootropics are supplements that purport to make us smarter. 

Natural nootropics include ingredients like artichoke extract, grape seed extract, ginseng, kava kava, lemon balm, Rhodiola rosea, St John’s wort, yerba mate, caffeine, green tea — substances the U.S. Food and Drug Administration has approved as dietary supplements and classifies as GRAS (generally regarded as safe).

Natural nootropics also include synthetic additives such as choline, griffonia seed extract, theanine, acetyl l-carnitine, B group vitamins, iodine and magnesium just to name a few.

Followers of the nootropic movement, myself included, are adamant of the positive effects. They claim regular consumption could lead to consumers being more alert, getting a boost in memory, increased focus, more creativity, motivation, improved cognitive skills and a better overall outlook on life.

What’s more is that this industry is in the process of pivoting directly into the beverage market at almost exactly the perfect time as a slew of new beverages that contain various combinations of nootropics designed to enhance brain function, with added ingredients that have no jittery side-effects, and, (hint hint) our favorite play has even started the process of adding CBD to further enhance the health experience.

The point is, these beverages are the real deal. They’re everything that the average consumer of more high-end beverages has been hoping for and I believe that these nootropic functional beverages are the future of the entire beverage industry.

Because the fact of the matter is this; beverage companies won’t survive if they ignore the evolution of the consumer for much longer. Consumers are more educated in their dietary choices today and they’ve been on the lookout for healthier beverage alternatives to the high-fructose corn syrup, artificial ingredients, and artificial colors of the beverages of the past.

I mean, what the hell are you putting an ingredient called: Yellow Number 5 into a beverage and actually expect people to drink that trash?

The point here is that this ongoing trend shows us that the beverage industry is ripe for a category killer. 

In fact, according to BevNet, the beverage industry has experienced half a decade-long decline in sales of traditional sugary soft drinks, forcing major beverage companies to look at other beverage companies in search of acquisition to replace their lagging sales.

And we’ve got one such nootropic beverage company at the top of our watch list that has our near complete attention because we believe it to be the one that has the best opportunity to be a category killer in the market.

The company’s name is Koios Beverage Corp. trading on the OTC under the ticker: KBEVF. 

Koios Beverage Corp. develops, manufactures, markets, and distributes nutritional supplements and organic beverages in the United States. It also provides cannabis-infused beverages. As of May 31, 2018, the company had a distribution network of approximately 4,300 retail locations in the United States. It also distributes its products through its website, as well as through other websites.

Due to the functional properties of their nootropic drinks, their lack of the caffeine-crash, and honest to goodness incredible taste, I believe that Koios could become the next big thing in the functional beverage market and eventually displace the old and outdated energy drinks of yesteryear and take the lead in future sales.

They’re already in large retail chain stores such as Walmart and GNC and already have a strong presence on Amazon. They’ve achieved distribution in a total of more than 4,300 stores in less than one year, including 2,910 GNC locations and 1,094 Walmart locations across the United States.

But what truly sets Koios apart from any other functional beverage drink is their creativity and open willingness to invent something truly unique. As of July 19, 2019, through its subsidiary, Cannavated Beverage Corp, Koios has completed development of its CBD-Enhanced functional and began test batch production.

Koios is the real deal and I personally love their drinks. Let’s dive deeper into Koios by going over its key catalysts.

Key Catalysts:

  • The company is making big moves in multiple explosive industries: 
    • The global nootropic market is booming. In 2015, the market was valued at $1.35 billion and is expected to reach over $6 billion by 2024.
      • The market is expanding at a CAGR of 17.9% from 2016 to 2024 according to globalnewswire.com.
    • Koios is also utilizing its subsidiary, Cannavated Beverage Corp by becoming the first “nootropic” beverages enhanced with CBD cannabidiol molecules.
      • The CBD market is expected to hit $22Billion by 2022 according to inc.com.
    • In 2016, while carbonated soft drinks were in the middle of a five-year decline, natural and functional beverages should expect to see a 40 percent dollar growth in the industry according to BevNet.
  • Aggressive Expansion
    • As of early 2019, Koios announced that it signed a vendor agreement with Walmart Inc., and has since been supplying Koios Beverages to 1,094 Walmart locations across the US.
    • Koios also secured an agreement in early 2019 with GNC. According to the agreement, their beverages are now available for purchase in approximately 2,700 GNC retail stores across the US.
    • The company also announced that production is on the rise as the company is currently working to produce 1,000,000 printed KOIOS cans as production levels ramp up to meet the company’s current demands.
  • Excellent Recent News
    • Koios has completed development of its CBD-Enhanced functional and began test batch production on July 19, 2019.
    • Koios also recently provided a very positive corporate update, including:
      • Strong sales numbers
      • Revamped website
      • And the much anticipated Fit Soda launch date, announced above as July 19, 2019.
      • Get the full report here: https://finance.yahoo.com/news/koios-provides-mid-2019-corporate-100000206.html

The Nootropic Market & Functional Beverages

According to the latest report published by Credence Research, Inc. “Nootropics Market – Growth, Future Prospects and Competitive Analysis, 2016-2024,” the global nootropics market was valued at USD 1,346.5 Mn in 2015, and is expected to reach USD 6,059.4 Mn by 2024, expanding at a CAGR of 17.9% from 2016 to 2024.

With expansion projected like that, this is a market that’s worth our attention and we ought to be in the know on all the recent developments in this market as well. This is where Nootropic beverages come in because they are the cutting edge in the Nootropics market.

Nootropic beverages are under the umbrella of the booming multi-billion dollar category of “Functional Beverages.”

A functional beverage is a non-alcoholic drink which provides specific health benefits and contains non-traditional ingredients like minerals, vitamins, herbs, amino acids or added raw fruits.

Basically, it’s a drink augmented with nutrients and/or supplements in order to convey a health benefit to the consumer. Examples of functional beverages include sports and performance drinks, ready to drink (RTD) teas, and nootropic beverages sometimes known as ‘smart drinks’.

Functional drinks are typically more expensive than carbonated beverages due to their shift away from unhealthy and artificial ingredients. However, increasing health awareness in many countries is encouraging consumers to shift from beverages loaded with high-fructose corn syrup, artificial flavors and artificial colors to healthier alternatives in the functional drinks segment, which is expected to boost the demand for the product.

Fit Soda: Koios CBD Enhanced Functional Beverage

As of last week, Koios to Complete Development of CBD-Enhanced Functional Beverage Line: Test Batch Production to Begin on Friday, July 19, 2019 – Get the Full Report Here: https://finance.yahoo.com/news/koios-complete-development-cbd-enhanced-100000708.html

In a press release dated September 4, 2018 , the Company announced its plans to release a functional beverage, which would be infused with CBD to enhance the beverage’s effects and last week test batch production began.

Koios will leverage its existing relationship with Colorado based Keef Brands in the development of this product, with Keef Brands to supply crystalized, water-soluble CBD which will be added to Koios’ existing Fit SodaTM line of functional beverages. 

From the corporate update: The Fit SodaTM beverage product will be produced for nationwide distribution beginning Friday, July 19, 2019 . Koios has received interest in distributing Fit SodaTM from distributors and direct-to-store delivery companies from across the United States. Fit SodaTM will be available in 400 retail stores across the United States no later than the end of September, 2019.

For those of you who don’t know why adding CBD to a functional beverage is such a big deal, check this out: CBD is the non-psychoactive counterpart in cannabis that’s regularly used to treat inflammation, pain, anxiety and epileptic seizures. 

The addition of CBD to Koios’ proprietary stack of nutrients, amino acids, and electrolytes in its Fit SodaTM line of beverages is expected to improve the product’s already impressive effects. 

Pending completion of further testing, the Company also plans to integrate CBD into its KOIOS beverage lineup at a later date. When the proposed beverage is released, Fit SodaTM will be available both with and without CBD.

On Friday, July 19, 2019 , Koios started production of several test batches of its Fit SodaTM product with crystallized CBD supplied by Keef Brands. Upon completion of this production, the Company will be distributing the products from the test batch to select existing clients for trial purposes. 

Feedback derived from these trials will be utilized to further develop the proposed CBD beverage and prepare it for commercial production and distribution under the Fit SodaTM banner.

Large-scale distribution of CBD-enhanced Fit SodaTM will be contemplated by Koios based on feedback that the Company receives from the test batches being produced that began last week.

We are extremely excited to find out how the large-scale distribution works out and will make sure to update you all when it’s released by the company.

More About Koios

For our purposes, the key to the company’s success has been their anti-reliance on caffeine and their focus on ingredients that increase clarity and focus of the mind. 

Koios enhances focus, concentration, mental capacity, memory retention, cognitive function, alertness, brain capacity, and creates all day mental clarity and energy, without using large amounts of stimulants.

And the science is starting to ramp up fast. Just a few months ago, Koios started clinical trials in Denver to prove the testimonials right. “Enhances cognition.” Imagine seeing that on a can in Walmart!

Its core vision is to help a billion people worldwide live more productively through the development of nootropics, which are supplements that improve cognitive abilities.

The company’s flagship product, Koios, is a GMP-certified dietary supplement. Made from natural ingredients and backed by science, Koios is designed to improve focus, memory, mental drive, clarity and energy.

The company produces Koios in the following formulations:

  • Powder supplements containing nootropics as well as caffeine and lion’s mane and chaga mushrooms;
  • Vegan-friendly capsules;
  • Canned beverages containing nootropics along with MCT oil to burn fat and increase metabolism.

Not to be mistaken with prescription-only drugs which are at times used for similar effects, nootropics are over-the-counter dietary supplements; some of which, like Koios, contain ingredients that are currently used in the treatment of patients with Alzheimer’s disease. 

According to media reports, there is believed to be significant and growing use of nootropics among high-achieving students and professionals. The UK’s leading Guardian newspaper found that nootropics are commonly used in Silicon Valley by computer industry professionals who want to “hack” their minds and maximize their productivity without any possible negative effects on the brain.

Koios developed a proprietary nootropic formula that has been shown to enhance brain function including mental focus, memory, and concentration.

Its formula includes superfoods such as lion’s mane mushroom, which contains bioactive substances with beneficial effects on the body, brain, heart, and gut. The Company produces the formula as a line of healthy, organic beverages and drink powders.

Koios has a distribution network of retail locations across the United States including Walmart, GNC and Max Muscle. Together these distributors represent more than 4,300 locations, from sports nutrition stores to natural grocery chains.

Koios also contains the following ingredients, among others:

  • Vitamin B12: Crucial for the function of the nervous system and the synthesis of DNA, B12 also helps in the creation of red blood cells.
  • Vitamin B6: This vitamin is crucial for brain development among children and brain function in adults. B6 is also important in the production of key hormones: serotonin, which regulates mood, norepinephrine, which helps us handle stress, and dopamine.
  • Huperzine A: Developed from the Chinese club moss plant, huperzine A is used on Alzheimer’s patients to boost their memories. It is also used to raise energy levels and alertness and is the subject of medical trials to test its efficacy when combined with other drugs.
  • Bacopa: Also known as brahmi, bacopa is an Indian herb used in Ayurvedic medicine to improve concentration and memory. Modern science has recognized its effectiveness, and it is used to treat symptoms caused by Alzheimer’s disease, ADHD and anxiety.
  • Ciwujia or Siberian ginseng Sports scientists have been interested in this herb since they heard of how mountain climbers in Tibet use it to boost their performance at high altitudes. Peer-reviewed research has shown that this herb has clear positive effects on endurance.

The company’s products can be found online at https://www.mentaltitan.com and in stores, both across the United States and internationally, via a continuously growing distribution network.

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The Information is presented only as a brief snapshot of the Profiled Issuer and should only be used, at most, and if at all, as a starting point for you to conduct a thorough investigation of the Profiled Issuer and its securities. You should consult your financial, legal or other adviser(s) and avail yourself of the filings and information that may be accessed at www.sec.gov, www.otcmarkets.com or other electronic media, including: (a) reviewing SEC periodic reports (Forms 10-Q and 10-K), reports of material events (Form 8-K), insider reports (Forms 3, 4, 5 and Schedule 13D); (b) reviewing Information and Disclosure Statements and unaudited financial reports filed with the OTCMarkets.com; (c) obtaining and reviewing publicly available information contained in commonly known search engines such as Google; and (d) consulting investment guides at www.sec.gov and www.finra.org. You should always be cognizant that the Profiled Issuers may not be current in their reporting obligations with the SEC and the OTC Markets and/or have negative legends and designations at otcmarkets.com.

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Koios Announces New Exclusive Flavor to its Beverage Lineup

Koios Announces New Exclusive Flavor to its Beverage Lineup

View original article here.

VANCOUVER , June 12, 2019 /CNW/ – Koios Beverage Corp. (CSE: KBEV; OTC: KBEVF) (the “Company” or “Koios”) is pleased to announce that it is currently in production for the launch of a new and exclusive flavor to its Koios beverage lineup.

The Company has been working alongside its partners in the sports nutrition field to create a new and exclusive flavor, Strawberry Shortcake. As retail sales continue to increase each week due to the popularity of its current lineup, which include the Apricot Vanilla, Peach Mango, Berry Genius, Blood Orange, and Pear Guava beverages, the Company has decided to formulate a sixth new and exciting flavor.

Click here to read our full analysis of KBEV

“Strawberry Shortcake is a nostalgic throwback to summer desserts we enjoyed as kids,” said Chris Miller CEO of Koios. Adding further, “Working alongside our partners during the creative process gave us a more in-depth feel for consumer appeal. Collectively, we decided on Strawberry Shortcake, as this unique flavor profile has not yet hit shelves in a ready to drink format. We are incredibly excited to share this new flavor with our community of consumers and hope that everyone enjoys it just as much as we do!”

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Koios beverages, in partnership with nationwide retailers are available in over 5,000 retail locations across the United States . Strawberry Shortcake will be exclusively available for a limited time at one of our nationwide retailer partners, before being released to all of our partner retailers throughout the country later this summer. We hope that the addition of this exclusive flavor will drive additional traffic to our retail partners and that our brand recognition will continue to increase within the sports nutrition community.

The Company has seen sales continue to increase each week since inception, and it has continued to receive additional purchase orders from GNC.

“The initial purchase orders we received from our nationwide retailer partners were considerable and we are encouraged to be receiving additional purchase orders in such quick turnaround time. Our online presence also continues to grow with our Instagram account reaching almost 40,000 followers, demonstrating that the Koios beverage lineup is becoming very popular. The additional purchase orders, plus increased weekly sales data and our social media presence proves that demand is strong as we set ourselves up for momentous growth,” said Chris Miller CEO of Koios. 

On behalf of the Board of Directors of the Company.

KOIOS BEVERAGE CORP.

“Chris Miller”

Chris Miller , CEO, and Director

About Koios Beverage Corp.

The Company is an emerging functional beverage company which has an available distribution network of more than 5,000 retail locations across the United States in which to sell its products. Koios has relationships with some of the largest and most reputable distributors in the United States , including GNC, Walmart Inc., and Wishing-U-Well. Together these retailers represent over 50,000 brick and mortar locations across the United States from sports nutrition stores to large natural grocery chains. Through its partnership with Wishing-U-Well, Koios also enjoys a large presence online, including being an Amazon choice product.

Koios is also the sole owner of Cannavated Beverage Corp., a subsidiary that develops beverage products and formulas for the growing CBD market. Koios uses a proprietary blend of nootropics and natural organic compounds to enhance human productivity without using harmful chemicals or stimulants. Koios products have been shown to enhance focus, concentration, mental capacity, memory retention, cognitive function, alertness, brain capacity and create all day mental clarity.  Its ingredients are specifically designed to target brain function by increasing blood flow, oxygen levels and neural connections in the brain.

Koios produces one of the only drinks in the world infused with MCT oil. MCT oil is derived from coconuts and has been shown to help the body burn fat more effectively, create lasting energy from a natural food source, produce ketones in the brain, allowing for greater brain function and clarity, support healthy hormone production and improve immunity. For more information, please visit our website: https://www.koiosbeveragecorp.com.

Forward-Looking Statements

This news release contains forward-looking statements. All statements, other than statements of historical fact that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future are forward-looking statements. Forward-looking statements in this news release include statements regarding: statements with respect to the growth and size of the functional beverage and CBD infused beverage markets; statements with respect to our projected sales forecasts; statements with respect to our relationship with GNC to increase retail traffic; statements with respect to the perceived benefits that a new and exclusive flavor will bring to the Company; and statements regarding the business of the Company. The forward-looking statements reflect management’s current expectations based on information currently available and are subject to a number of risks and uncertainties that may cause outcomes to differ materially from those discussed in the forward-looking statements. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, undue reliance should not be put on such statements due to their inherent uncertainty. Factors that could cause actual results or events to differ materially from current expectations include: (i) adverse market conditions; (ii) changes to the growth and size of the functional and CBD infused beverage markets; (iii) consumer acceptance and adoption of functional beverages and CBD infused beverages as compared to other beverages; (v) changes which may affect the legalization of markets in the US and Canada ; and (v) other factors beyond the control of the Company. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.

Koios has not conducted any scientific studies on the effects of Koios’ products which have been evaluated by Health Canada or the U.S. Food and Drug Administration. As each individual is different, the benefits, if any, of taking Koios’ products will vary from person to person. No claims or guarantees can be made as to the effects of Koios’ products on an individual’s health and wellbeing.

SOURCE Koios Beverage Corp.

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No securities commission or other regulatory authority in Canada or any other country or jurisdiction has in any way passed upon this information and no representation or warranty is made by to that effect. The information is not a substitute for independent professional advice before making any investment decisions. The CSE (Canadian Securities Exchange) has not reviewed the information in this Article and does not accept responsibility for the adequacy or accuracy of it.

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White Label Liquid Inc. (OTCMKTS:WLAB) Stock Gains Momentum, What To Do?

White Label Liquid Inc. (OTCMKTS:WLAB) Stock Gains Momentum, What To Do?

White Label Liquid, Inc. (OTCMKTS:WLAB) stock is going well this year with a gain of over 75% since the beginning of this year. Let’s analyze the recent developments about the company.

Florida based hemp-based CBD oil company White Label Liquid has established itself as one of the leading suppliers of customer mad CBD oil products to a range of big-ticket companies over the past few years.

White Label Liquid has considerable production capabilities and can churn out as many as 50,000 units per day. In addition to the largest cannabis companies, it also supplies to dealers, distributors, and stores all across the world.

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Financial Results

On 11 April this year, the company announced its financial results for 2018 and the numbers were highly encouraging. The company generated revenues of $7,006,110 and it topped its 2017 revenues of $5 million by a significant margin. The rise reflected a year on year rise of 250% and demonstrated the fact that the company has continued to grow at a fast clip.

However, in this regard, it is also necessary to keep in mind that White Label has continued to raise its range of offerings and back on 25 March this year, the company announced that it is going further expand its range of CBD oils. The move is particularly important since CBD oils are the fastest growing niche in the hemp market and White Label is determined to be one of the biggest players in that segment.

New products will include CBD infused olive oils, honey tinctures and much more. The CBD oils market is expected to be worth $22 billion at some point and White Label wants to capture a major chunk of it.

Varied Line Of CBD Products

Earlier on in March, on the 19th to price, it came to light that White Label provides the most varied line of CBD products to its clients. At this point in time, the CBD market has grown into a behemoth with a customer base of 10 million. White Label continues to be the main supplier for most resellers, who take White Label’s products and then sell it under their own label.

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MedMen Enterprises (OTCQX – MMNFF): MedMen Stock Tumbles 65% From Peak. Time To Buy?

MedMen Enterprises (OTCQX – MMNFF): MedMen Stock Tumbles 65% From Peak. Time To Buy?

MedMen stock has underperformed the broader cannabis sector over the past one year. The stock has tumbled over 65% from its October peak price of $7.57.

MedMen Enterprises (CSE:MMEN) (OTCQX:MMNFF) has announced the opening of its second location in Sorrento Valley, San Diego California and its third-quarter results.

Sorrento Valley store

The location will be the 11th operational store the company is opening in California.

The Sorento Valley facility is strategically located in San Diego which is a major tourist destination. The opening of the store shows the company’s expansion strategy is in California which is estimated to have a cannabis market potential of $11 billion annually. Recently MedMen reported an estimated $100 million in annual sales in California and a 7% market share2.

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Q3 operating results

In the third quarter, MedMen reported systemwide revenue of $36.6 million that includes its retail operations and it also represents a 22% increase from the second quarter. The revenue recorded also includes the pending acquisition of PharmaCann as well as other smaller buyouts. In the third quarter, pro forma sales grew 11% to around $54.9 million compared to the third quarter last year. PharmaCann posted strong sales growth in the quarterly revenue growing to 15.5 million up from $9.8 million in the second quarter.

MedMen ended the quarter with around 82 licenses and 32 stores which includes pending acquisitions. In October 2018 when MedMen agreed to acquire PharmaCann for $682 million they had on 66 retail licenses. Although the expansion sounds to be a strong sign of progress the full quarterly results might reflect something different.

One thing that should raise eyebrows is how the company generated its Q3 results. Besides sales growth in Nevada and Arizona of 34% and 513% respectively most of its organic sales in 10 southern California locations declined. The 10 locations contributed a combined $24.9 million which was a partly 5% growth from Q2 which is alarming growth for a state that leads in recreational cannabis sales.

Gross margin also dropped from 53% in Q2 to 51% in Q3 despite the company reporting a $19.5 million gross profit. The company expects an operating loss of over $50 million following the trend in subsequent quarters.

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Namaste Technologies (OTCQB – NXTTF): Namaste Stock Tumbles 80% From Highs. Time To Buy?

Namaste Technologies (OTCQB – NXTTF): Namaste Stock Tumbles 80% From Highs. Time To Buy?

The explosion of the cannabis industry in Canada has led to the emergence of many new businesses surrounding the industry and one of them is online retail for cannabis products. It is, without a doubt, a novel idea and one that would eventually pay off, because of the rising demand of cannabis product and accessories. One of the major names in the cannabis online retail space is Toronto based Namaste Technologies Inc. (TSXV:N) (OTCQB:NXTTF) and considering the line of business the company is in, one would expect them to do well. However, there are some burning issues with the company that could prove to be the undoing of Namaste Technologies in the long run.

Corporate Fraud

Back in 2018, Namaste Technologies seemed to be the next big thing in the cannabis retail space after it recorded staggering growth of 300% in August and generated revenues to the tune of $1.65 million. All the revenues came from its interests in a range of website in Canada. Following in the tradition of major cannabis companies eventually heading to Nasdaq for raising more capital, Namaste Stock did the same but that is when the company’s hidden skeletons came to the fore.

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Citron Research published a report in which it stated that the upper echelons of the company’s management were involved in large scale fraud. Namaste responded with legal proceedings against its CEO, who was eventually fired and made widespread changes at the board level. However, the company has had a disastrous run in 2019 and is yet to file its earnings report for the February quarter.

Updates Missing

Amidst the general meltdown in the company’s standing, Namaste Technologies has also been grossly negligent of providing updates on its corporate situation for quite some time. Other than the update regarding the addition of a board member and then his installation as the chief of the audit committee, no big updates have been forthcoming.

The search for a new CEO is likely still going on but there is no clarity on the matter and an interim CEO is still doing the job. Last but not the least, without further clarity on its earnings and the appointment of a new CEO, it is highly unlikely that the company is going to be looked upon favourably by Wall Street.

Namaste stock has tumbled over 80% from its from its all time high of $3.05.

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Transcanna Holdings (TCAN:CNX) Stock Jumps 675% This year, What’s The Buzz?

Transcanna Holdings (TCAN:CNX) Stock Jumps 675% This year, What’s The Buzz?

Shares of Transcanna Holdings Inc (TCAN:CNX) (TCNAF:OTC) are one of the biggest cannabis stock gainers this year on the Canadian Exchange. The stock is up a huge 675% since the start of this year. Transcanna‘s stock is up another 2% to $7.59 CAD in today session after hitting a new high 52-week high of $7.70.

According to the outfit Grand View Research, the global cannabis industry is projected to be value at a staggering $146.6 billion by 2025. More importantly, the compounded annual growth rate is projected to be 34.6%. When that happens, companies which provide logistical support to the industry is also going to grow and TransCanna Holdings Inc such a company.

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The Canadian company is engaged in distribution and transportation services that are meant for a range of industries. However, its main focus seems to be in Cannabis and it has now emerged that the company has successfully generated a handsome sum of money through a private placement.

New Cannabis Facility

TransCanna targets to build a portfolio of premium brands to capitalize on growing cannabis market. The company plans on acquiring 15 premium brands, manufacture them in a state-of-the-art 196,000 sq. ft. facility that covers everything from the nursery to extraction, and distribute them to a network of dispensaries via an internal sales team. The facility will allow the TransCanna to have a full service operation starting from nursery to extraction and then to distribution. The acquisition of this facility certainly gives the company a firm footing for its future growth and could prove to be a smart investment.

Private Placement

A private placement is often the best way to raise money for a publicly traded company, if it wants to raise fresh capital but does not want to go through the public markets. More often than not, this route is chosen by companies which want to raise capital through institutional investors. The company announced its private placement initiative was launched some time ago but it came to a close in the early days of April and TransCanna managed to raise a handsome $16 million.

The company issued 8,000,000 common shares of the company to the investors at $2.00 and in addition to that each investor was provided with a warrant along with each share. The advantage of the arrangement is that the investor in question would be able to buy a share in TransCanna for $3 until 2022 for each warrant that he owns. For an institutional investor, it is an excellent deal.

Looking Ahead

Following the capital raise, the company is going to spend half of it as an advance on a sprawling cannabis facility. It had made an announcement about the facility earlier this year. In addition to that, TransCanna will also need to use the money for purchasing high end manufacturing equipment and for all other sundry expenses.

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