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American Green Inc (OTCMKTS:ERBB) Kicks Off December On Rough Patch

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American Green Inc (OTCMKTS:ERBB) seems to have started the month of December on a rather dull pace after closing the last week of November on a bearish trend. The company’s shares dropped by -20.00%, reflecting the prevailing bullish performance that has prevailed for the past three months.

American Green’s performance is currently disappointing especially to investors who may have categorized it as a winning stock in their watch list. This is because the stock has been performing poorly not only recently but also on a long-term perspective spanning a few months. For example, the firm reported a -33.33% performance in the past month and it has also tanked by -60.00% over the past since months.

The reasons behind the poor performance

So far American Green shares have tanked by -66.67% over the past 12 months. This overall bearish trend seems to be prevailing over the long-term which means that there are factors that are behind it. The most common factor is the fact that the stock has been extremely overbought. It could also be due to the fact that the company is facing heavy competition which affects sales. It could also be due to unfavorable market conditions that have also been affecting other companies.

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Is American Green a good buy anymore?

This is probably a question that many investors who have American Green on their watch list are asking themselves. The reason being, the company’s stock price has been tanking. The old principle of “buy low and sell high” therefore comes in. Well, determining whether a stock is a good “buy” requires more than just a low entry point.

One must consider various factors such as the market outlook. In American Green’s case, it has its roots deep in the hemp and medical cannabis industry. This is an industry that is rapidly growing especially as marijuana gains legal acceptance for medical use in many regions. Scientists have also discovered many medical advantages of cannabis extracts and this means that there is a lot of profit to be made especially in the medical sector.

There is a large and growing market for such products and American Green is one of the players in the cannabis-based products market. The good thing is that there is room for growth and numerous companies in the same space have already gained massive ground over the past few years. If managed the right way, American Green is still worth buying into especially considering the Cannabis market’s current direction.

American Green’s future

The future of the company looks like it will not be in the cannabis market alone. American Green announced a few months ago that it planned to launch a new subsidiary called American Green Films, LLC. The latter will be based in Nipton, California where it will make commercial motion pictures.

American Green’s CEO David Gwyther pointed out that the move is aimed at boosting shareholder value. He also pointed out that the motion pictures pursuit will also be advantageous to Nipton. He stated that American Green Films, LLC will promote Nipton as well as its neighboring Mojave National Preserve, Ivanpah Valley and the New York Mountains.

The company’s diversification plans as well as its commitment to generating more value for shareholder highlight American Green’s efforts to improve performance in the future. The firm has also been hard at work trying to grow its cannabis business. American Green is determined to be the leading seed-to sale innovator, a mission that has attracted more than 50,000 shareholders. It has also been working on raising awareness especially beyond its industries so that it can widen its scope and attract more sales.

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Kushco Holdings Inc. (OTCMKTS:KSHB) Reaffirms Its F2019 Revenue Estimate Of Between $145 Million And $150 Million

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KushCo Holdings Inc. (OTCMKTS:KSHB) has reconfirmed its annual revenue guidance for the fiscal year that ended August 31, 2016, of around $145million to $150 million in sales.

Major milestones and initiatives in 2019

KushCo made significant milestones in fiscal 2019 after it launched several major initiatives. The company rebranded and changed its name to “KushCO Holdings Inc.” with its main operating subsidiary now being Kush Supply Co. It also opened new corporates headquarters in Cypress California.

The company opened a regional distribution center in Taylor Michigan and a product sourcing office in China. The company has enjoyed efficiencies and cost-cutting across its business thanks to the implementation of a new Warehouse Management System across the various warehouse locations.

In a bid to enhance its growth, KushCo joined the Sustainable Packaging Coalition and partnered with Sungrown and IEKO. This will enable it to provide combustible products to its growing consumer base. They also partnered with CA Fortune to introduce retail services to CBD and Hemp brands. KushCo also secured credit facility with Monroe Capital of around $50 million, which is the first for a cannabis company.

KushCo’s long term strategy focuses on creating more value for its customers

KushCO CEO and Chairman, Nick Kovacevich, stated that besides the significant milestones and the transformative initiatives; they have managed to equally grew their business, thus effectively positioning themselves for success. He said that KushCo’s revenue growth for the fiscal year remained strong.

The CEO indicated that the company is currently in a better position, and they are excited about it. He said that KushCO currently has the right people, customer base as well as a growth strategy to enable them to expand. Kovacevich affirmed that they are growing and executing because of the work they have put in establishing a foundation and their optimal long-term strategy, focusing on the creation of value to customers.

Cannabis businesses are partnering with KushCo because of the value they present. Kovacevich stated that they would continue doing everything to create more value for customers and remain key to their success.

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The Wait Is Over For MedMen Enterprises Inc.’s (OTCMKTS:MMNFF) Proposed Acquisition Of PharmaCann

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MedMen Enterprises Inc. (OTCMKTS:MMNFF) has announced the expiry of the waiting period concerning the proposed acquisition of PharmaCann under the HSR Act. The expiry of the waiting period under the act fulfills the condition necessary to finalize the transaction.

Acquisition to enhance MedMen’s geographical footprint

MedMen CEO and co-founder, Adam Bierman stated that this is a significant step in the cannabis industry. He said that he was optimistic that it would open the way for other companies in what is seen as a highly dynamic and acquisitive industry.

The CEO further affirmed that MedMen had created a desirable footprint which has positioned its brand among the best in the biggest cannabis market in the globe. He added that the acquisition of PharmaCann would make MedMen be even a bigger brand for consumers. With the acquisition, MedMen now doubles the number of states where it currently holds licenses. This further extends the company’s geographic footprint as well as creates a massive opportunity for MedMen shareholders. Bierman concluded by saying that they are delighted they are almost closing the transaction.

MedMen entered an agreement to acquire PharmaCann last year

The company announced in December last year that it had entered into a definitive business combination deal to acquire PharmaCann. In March this year per the HSR Act, the companies received a “Second Request” from the Antitrust Division in the Department of Justice. On August 9 PharmaCann and MedMen confirmed significant compliance with the request for additional information. The waiting period, according to the HSR Act expired on September 9, 2019. The period automatically extended for 30 days following the declaration of substantial compliance by the companies with the Second Request.

According to the terms of the transaction, PharmaCann stockholders will receive around 168.4 million shares of the combined company. This will be based on MedMen’s fully-diluted outstanding shares as of June 29, 2019. However, the total stock is subject to adjustment depending on the company’s fully-diluted outstanding stock as of the date of closing the transaction.  

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Valens Groworks Corp (OTCMKTS:VGWCF) Enters Five Year Contract With Iconic Brewing For Production Of Cannabis-Infused Beverages

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Valens GroWorks Corp (OTCMKTS:VGWCF) has announced that it has signed a binding five-year white label cannabis beverage deal with Iconic Brewing’s cannabis division. Iconic Brewing is one of Canada’s best innovative beverage companies.

Iconic Brewing to produce 2.5 million cannabis-infused beverages

The white label contract requires Valens to provide Iconic with formulation services, top quality extracts, as well as SoRSETM emulsion solution for its cannabis-infused drinks. On its part, Iconic Brewing will have the obligation of branding and marketing the final products across Canada.

According to the terms of the agreement, the company should produce at least 2.5 million cannabis-infused beverages over five years. There is an option of expanding the partnership with new product offerings soon.

Valens CEO, Tyler Robson indicated that the partnership with Iconic Brewing is a major milestone for Valens. This is because Iconic Brewing is among the fastest-growing beverage companies in eastern Canada, and therefore they will be vital in helping Valens in the creation of a new product line of cannabis-infused beverages.

Valens and Iconic Brewing seeks to leverage each other’s strength in production

Robson lauded the ability of Iconic Brewing to formulate and predict trends which he said are second to none. This is evident from the success of their current beverage products enjoy. Their offerings include Picnic Wine Co, Liberty Village, Cottage Springs Vodka Soda, and Cabana Coast. The CEO added that for Valens to service the agreement, it will employ its proprietary emulsion solution SoRSETM Technology. The technology creates oil-based ingestible products as well as beverages that offer a steady experience with quick onset and offset.

Iconic Brewing’s head of cannabis division, Cole Miller stated that they were delighted to partner with Valens to create a new product line of cannabis-infused drinks. He affirmed the company’s unwavering dedication to enhancing the safe and reliable experience for new cannabis users through their low dosage and unparalleled product education. He added that with the proprietary emulsion technology of Valen, they are ready to deliver their promise of creating the world’s best cannabis-infused beverages.

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