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Cronos Group Inc (NASDAQ:CRON) Adopts New Positioning Strategy In Cannabis Market

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Cronos Group Inc (NASDAQ:CRON) is adopting various branding strategies to reposition itself amid the cannabis commodity crisis in the market. The company has tried to beat all its rivals in the Canadian market to become the first company to be listed on the NASDAQ. The firm has also collaborated with one of the leading retail cannabis brands in the US, MedMen, to enhance its market position in the cannabis market.

The company announced recently that it has successfully closed a Public Offering deal worth $100 million with a syndicate of several underwriters including co-led by GMP Securities L.P. and BMO Capital Markets and others. Cronos Group plans to use about $15 million accrued from the Offering to fund the expansion of its international operations while the remaining net proceeds for other potential investment opportunities.

With consistent series of achievements, Cronos has been trending of late and more investors have already shifted their focus on the company’s stock. Furthermore, the company is currently staging itself to face its rivals with several winning strategies that are shaking the Canadian market to become a bellwether firm for the cannabis industry.

In addition, the company also has a strong balance sheet that could enable it to expand its capacity and engage in other tactical investments. With its recent partnership with the MedMen, the firm is also in a better position to increase the cannabis recreational market in Canada.

Cronos’ market shares are quite low since January thus giving the potential investors a great entry point to purchase its shares with a high expectation on the return on investment. The cannabis producers are currently facing various challenges including the probability that the cannabis produce could be made a commodity in the future hence requiring the strong companies to compete on the market price.

Cronos is a global firm with various international operations and distribution platforms across four continents. The company is also focusing on expanding its presence in the global market with the aim of becoming the leading retail company in the cannabis industry.

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Valens Groworks Corp (OTCMKTS:VGWCF) Establishes Offices In Toronto In Expansion Efforts

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Valens Groworks Corp (OTCMKTS:VGWCF) seeks to engage in significant geographic expansion. It has set up offices in downtown Toronto which it terms part of its business evolution. This company prides itself in its state of the art operations and also its highly advanced product portfolio. Operating in the new and high-value markets around the globe, the technical expertise of the company is a progressive factor. It seeks to dominate the market and also fetch high revenues as it progresses with its business operations.

Company objectives

The establishment of the offices in Toronto will see the company easily grasp international business opportunities. Leaders in the company hope they succeed at retaining their topmost talent and also effectively manage their customer relationships.

Proper coordination of the company’s global operations is a significant ingredient of its business growth and expansion. Valens Groworks also seeks to increase access to theinstitutional investment community, which also supports businesses a huge deal.

Robson’s thoughts

The CEO of Valens, Tyler Robson, has spoken about the company developmental plans. The establishment of a top-notch operational platform in Kelowna has been termed a good thing by the official. He thinks of it as an important and rather exciting milestone as they continue advancing their business. He also spoke about the company’s plan to accelerate its business operations into new areas.

Valens Groworks is placing itself on the path towards success by the act of putting up a base in Toronto. The move will see the company gain easier access to the institutional investment community.

One of the most recent developments was the entry of Valens Groworks into the OTC Markets Group. The EVP of Corporate Services at OTC Markets Group Jason Paltrowitz welcomed the company outlining that it had arrived in the best market. The company graduated from the OTCQB Market to OTCQX Market. The top official added that the company would gain in terms of attaining more visibility. It would also build a great deal on its shareholder value in the ever dynamic public market. Paltrowitz congratulated the company wishing it the best in all its business endeavors.

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International Cannabrands Inc (OTCMKTS:GEATF) Announces Its First Distribution From Riotus SODO LLC

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International Cannabrands Inc (OTCMKTS:GEATF) has thanked an entity named Riotus SODO LLC. This is after the company received the first distribution from the leading entity. An official working with International Cannabrands said that currently, they have an investment of about (20.6% in the entity. That translates to about $12,990.

Latest business developments

In the company’s press release dated August 16 and 29, 2018, it was clear that it made an investment totaling to $500,000.Analysts said that this was a show of great confidence of the company in the fast-rising entity.

International Cannabrands wished for the best. It expected that by the start of July it would be receiving its first payment. The company expects to be receiving its monthly cash distributions on time.

In a statement, the company revealed that it would be giving clear reports on the aggregate distributions that it will be obtained from the entity. It will give the reports quarterly.

The company’s CEO Steve Gormley opines, “We are extremely pleased that RIOTUS continues to reach milestones on time and under budget, and that it has met its projected distribution date. We expect that this investment will continue to materially increase the company’s earnings.”

He added that their main point of focus would be to increase their cash flow in most of their business operations. According to him, RIOTUS serves them with an ideal platform that will see their product expand a huge deal.

The letter of intent (“LOI”) with Albert Einstone’s LLC

The other development is the entry of the business giant in a letter of intent (“LOI”) with Albert Einstone’s LLC. This is a cultivation and manufacturing company based in California that prides itself in having high-end indoor warehouses. Most of them are situated in downtown Los Angeles.

Gormley says that they are speaking with the same voice with his team in the company. All of them are pleased to strike the partnership with AE and seek to take advantage of the company’s highly sophisticated operations. They also believe that the pristine facility has more to offer than meets the eye. The official says the extension of the company’s brand distribution footprint will help them generate higher revenues.

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Namaste Technologies Inc (OTCMKTS:NXTTF) And Eroll Grow Tech Ltd Agree On Marketing And Distribution Deal

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Namaste Technologies Inc (OTCMKTS:NXTTF) announced on Thursday that it signed a marketing and distribution deal with Eroll Grow Tech Ltd, a subsidiary Seedo Corp (OTCMKTS:SEDO).

The marketing and distribution deal between the two companies will allow Eroll Grow Tech to market products that exist under the Seedo Home Grow brand through Namaste online marketplace.  The products include Seedo’s fully automated devices that are designed to help customers grow plants with ease in their homes and the two firms will target Namaste’s global clientele. The devices can facilitate the growth of a variety of plants including hemp, flowers, fresh herbs, and vegetables.

“This innovative and ground-breaking product is a great addition to Namaste’s marketplace,” stated Namaste Technologies’ interim CEO, Meni Morim.

 The CEO also added that the goal of the marketing and distribution agreement is to provide a personalized and unique experience for users that want innovative solutions. Morim also revealed that the Seedo home grow devices are ready for the European market and that they will also be launched on Namaste’s outlets in Canada very soon.

Zohar Levy, the CEO of Seedo revealed that his firm was excited about the partnership because Namaste has a lot of experience with distribution in the cannabis industry. Levy also noted that his company is currently targeting new market segments and that it is also on a global expansion mission. The Seedo products will be available on Namastevapes.ca and CannMart.com in Q3 2019, thus expanding their availability in more regions across the globe.

Namaste Technologies announces reshuffle in its board of directors

Namaste also announced a week ago that there were some changes to its board of directors.  The company announced the immediate exit of Kenneth Ngo, its current Chief Financial Officer from the board of directors.

Morim expressed gratitude to Kenneth for the service rendered to the company during his tenure as a board member since December 2018 the Namaste CEO also noted that Kenneth decided to relinquish his position as a Board member. Morim also noted that Andy Wilczynski and Ken Jones have been appointed as new members in Namaste’s board of directors.

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