Connect with us

MARKETS

Why Aphria Inc (OTCMKTS:APHQF) Continues to Look Interesting on the Pullback

Published

on

Aphria Inc (OTCMKTS:APHQF) continues to be one of the most interesting plays in the Canadian cannabis space. Shares of the stock remain locked in a lateral trading range and nearing key support at the $11-12.50 zone, which encompasses both trading range and moving average support.

To further build out the story, the company just unveiled its comprehensive portfolio of adult-use brands that will be available for sale in the adult-use market. According to the release, “Backed by more than a year and a half of extensive qualitative and quantitative research, including focus groups and influencer consultations, the Company has developed a portfolio of brands designed to meet the needs of specific consumer segments. The brands feature a range of price points and offer a variety of product formats and consumption options tailored to consumer preferences.”

Aphria Inc (OTCMKTS:APHQF) commands a market cap of $3.12B as a leading global cannabis company driven by “an unrelenting commitment to our people, product quality and innovation.”

Headquartered in Leamington, Ontario – the greenhouse capital of Canada – Aphria has been setting the standard for the low-cost production of safe, clean and pure pharmaceutical-grade cannabis at scale, grown in the most natural conditions possible. Focusing on untapped opportunities and backed by the latest technologies, Aphria is committed to bringing breakthrough innovation to the global cannabis market.

The Company’s portfolio of brands is grounded in expertly-researched consumer insights designed to meet the needs of every consumer segment. “Rooted in our founders’ multi-generational expertise in commercial agriculture, Aphria drives sustainable long-term shareholder value through a diversified approach to innovation, strategic partnerships and global expansion, with a presence in more than 10 countries across 5 continents.”

The company touts itself as one of Canada’s lowest cost producers, produces, supplies and sells medical cannabis. The company is truly powered by sunlight, allowing for the most natural growing conditions available. “We are committed to providing pharma-grade medical cannabis, superior patient care while balancing patient economics and returns to shareholders. We are the first public licensed producer to report positive cash flow from operations and the first to report positive earnings in consecutive quarters.”

Aphria Inc (OTCMKTS:APHQF) has been raking in the cash, with $9.4 million coming in its quarter-ended May 31. Revenues are growing at a robust 110%. The company is also sitting on a strong balance sheet, with total assets now above $1 billion against total debt at just above $115 million.

 

Good Signs

As discussed above, the company just unveiled its comprehensive portfolio of adult-use brands that will be available for sale in the adult-use market.

“When we embarked on our journey to develop our adult-use brands, we were committed to truly understanding what cannabis users would look like after legalization,” said Megan McCrae, Vice President of Marketing at Aphria. “We undertook extensive research to understand each segment of the market and build a broad portfolio of brands that would speak to each of those varied and diverse groups. This consumer-centric approach is the cornerstone of every one of our thoughtfully-created brands and will continue to drive our ongoing product development and brand positioning.”

Shares have been consolidating over recent weeks, but the company is nearing an important earnings announcement and conference call on October 12. But this continued expansion of product offering bodes well for those results as it indicates further investment.

“I’m incredibly proud of our product development, manufacturing and marketing teams for their passion, hard work and dedication to developing brands that we are confident will resonate with consumers across a broad range of distinct segments,” said Vic Neufeld, Chief Executive Officer of Aphria. “We’re entering a new chapter of this rapidly evolving industry, and we look forward to extending our leadership through continued brand and product innovation in the years to come.”

Business

Phoenix Life Sciences International (OTC: PLSI)

Published

on

In the healthcare sector, Phoenix Life Sciences International Limited operates as a Biotech and Pharma company. It engages in research on organically produced plants such as cannabis and manufactures and distributes adaptive healthcare solutions. Its natural healthcare solutions are targeted at a wide array of conditions including diabetes, pain, cancers, and gastrointestinal problems. For the next five years, the company aims to expand its services to at least 2.5 million patients around the world.

The shares of the company are available for trading over the counter (OTC) under the ticker symbol “PLSI.” It has its headquarters in Denver, Colorado.

Industry Overview
The healthcare sector has been traditionally stable. Companies in the biotech and pharmaceutical industry especially have experienced tremendous advances in recent years. The fast-growing cannabis industry has contributed in many ways to the growth of pharmaceutical and biotech firms. Many of them are investing millions in the medical cannabis market to develop cannabinoid products.

The prospect in the cannabis market is great and should be explored. And Phoenix Life Sciences International Limited is doing that.
P
LSI: A Successful Product of Strategic Partnerships
The most recent of Phoenix Life Sciences International Limited’s (PLSI) deals came through on June 4, 2019. The company announced it had signed an exclusive 25-year Diabetes Management Program deal with the Ministry of Health of the Republic of Vanuatu.

As part of the deal, it would also be granted a global medical cannabis export license. Vanuatu is estimated to have over 50,000 Type 2 diabetics and an expected 50,000 high-risk pre-diabetics. This deal is in furtherance of the company’s strategy of international market expansion.

Financials Indicate Long-Term Growth
For the nine months ended November 30, 2018, Phoenix Life Sciences International Limited did not report its revenues. However, it recorded a net loss of $3.3 million mainly due to an increase in operations expenses. Basic Earnings per Share (EPS) also decreased during the same period.

Following the 2018 merger and consolidation, to realise its plans to uplist to the OTCQB market, the company recently filed its 2017 and 2018 quarterly reports, and will also be subsequently making filings to stay current with its reporting requirements with the SEC. Uplisting will enable the company to access more funds for the execution of its next developmental stages.
Conclusion

The fundamentals of Phoenix Life Sciences International Limited are not presently attractive. The company is being burdened with rising operations expenses. This is expected as the company just passed through a major restructuring process and is focused on expanding to international markets.
The international expansion efforts should result in increased revenues. The uplisting would also create more access to funds. Both would contribute to long-term growth.

Moreover, at the current market price of $10.24, the company (OTC: PLSI) is trading far away from its 52-week high of $48.25, meaning a lot of upside potential. Hence, for the long-term investor, this might be a good time to buy.

Continue Reading

MARKETS

The Bounce Takes Hold in Medmen Enterprises Inc (OTCMKTS:MMNFF) on Geographic Expansion

Published

on

Medmen Enterprises Inc (OTCMKTS:MMNFF) has been one of our favorite ideas in the cannabis space in this pullback because the company’s strong geographic diversification in the US marketplace. As a case in point, the company just announced that it has signed a definitive agreement to acquire control of Kannaboost Technology Inc., giving the company a stronghold in the Arizona market.

According to the company’s most recent press release, “Level Up holds licenses for two vertically-integrated operations in Arizona, which include retail locations in Scottsdale and Tempe, as well as 25,000 square feet of cultivation and production capacity in Tempe and Phoenix. As part of the transaction, the Company will also receive a 40 percent stake in top-selling brand K.I.N.D. Concentrates (“K.I.N.D.”), which is currently distributed in over 90 percent of the dispensaries in Arizona.”

Medmen Enterprises Inc (OTCMKTS:MMNFF), together with its subsidiaries, operates in the cannabis space in the United States.

MMNFF, more broadly, is a leading cannabis company in the U.S. with assets and operations across the country. Based in Los Angeles, MedMen brings expertise and capital to the cannabis industry and is one of the nation’s largest financial supporters of progressive marijuana laws.

The company cultivates, produces, possesses, uses, and distributes/retails cannabis in the recreational and medicinal cannabis marketplace. As of June 6, 2018, it owned and operated 18 licensed cannabis facilities under the MedMen brand name in California, Nevada, and New York.

The company frames itself as “the preeminent cannabis company in the United States” with multiple assets and operations in California, Nevada, New York, and Florida. MedMen owns and operates licensed cannabis facilities in cultivation, manufacturing, and retail, and is one of the most well-recognized cannabis brands in the world today.

Headquartered in Los Angeles, MedMen employs more than 800 workers across the United States. It was founded in 2010 by Adam Bierman and Andrew Modlin, two visionary entrepreneurs who saw not just a tremendous business opportunity in the growing legalization of marijuana, but a chance to re-define our society’s relationship with cannabis. MedMen supports sensible, clear and just drug laws.

The Company is the single largest financial supporter of progressive marijuana laws at the local, state and federal levels, giving directly to pro-legalization groups, industry organizations and political candidates.

The company is headquartered in Culver City, California. MedMen Enterprises Inc. is a subsidiary of The Medmen Of Nevada 2 Llc.

Moreover, the company operates as a cannabis company in the United States. The company cultivates, produces, possesses, uses, and distributes/retails cannabis in the recreational and medicinal cannabis marketplace. It owns and operates 19 licensed facilities in California, Florida, Nevada, and New York. The company is headquartered in Culver City, California.

 

Onward and Upward

As noted above, MMNFF just announced that it has signed a definitive agreement to acquire control of Kannaboost Technology Inc. and CSI Solutions LLC, collectively referred to as “Level Up,” in a cash and stock transaction valued at $33,000,000.

The stock is up on the news. Overall, shares of MMNFF have rallied about 20% over the past week. That sets up an interesting context for the action tomorrow. Shares of the stock have powered higher over the past month, rallying roughly 42% in that time on strong overall action.

“We have worked tremendously hard to build a company that puts the needs of patients in our local communities first,” said Michael Colburn, co-founder of Level Up. “This marks an exciting new chapter for our brands and for the medical marijuana patients who have supported us,” added Daryll DeSantis, Level Up co-founder.

Medmen Enterprises Inc (OTCMKTS:MMNFF) has about $12.2M in cash on the books against to a mountain of over $86M in total current liabilities. The company has been pulling in significant revenues, with over $7M in Q1 of this year, representing over 630% quarterly y/y growth on the top line.

Continue Reading

MARKETS

Medmen Enterprises Inc (OTCMKTS:MMNFF) Levels Up with New Acquisition

Published

on

Medmen Enterprises Inc (OTCMKTS:MMNFF) shares ripped on Thursday to break above the stock’s 50-day simple moving average. The move came apparently in response to the company’s announcement that it has signed a definitive agreement to acquire control of Kannaboost Technology Inc. and CSI Solutions LLC, collectively referred to as “Level Up,” in a cash and stock transaction valued at $33,000,000.

According to the release, “Level Up holds licenses for two vertically-integrated operations in Arizona, which include retail locations in Scottsdale and Tempe, as well as 25,000 square feet of cultivation and production capacity in Tempe and Phoenix. As part of the transaction, the Company will also receive a 40 percent stake in top-selling brand K.I.N.D. Concentrates, which is currently distributed in over 90 percent of the dispensaries in Arizona.”

Medmen Enterprises Inc (OTCMKTS:MMNFF), together with its subsidiaries, operates in the cannabis space in the United States.

MMNFF, more broadly, is a leading cannabis company in the U.S. with assets and operations across the country. Based in Los Angeles, MedMen brings expertise and capital to the cannabis industry and is one of the nation’s largest financial supporters of progressive marijuana laws.

The company cultivates, produces, possesses, uses, and distributes/retails cannabis in the recreational and medicinal cannabis marketplace. As of June 6, 2018, it owned and operated 18 licensed cannabis facilities under the MedMen brand name in California, Nevada, and New York.

The company frames itself as “the preeminent cannabis company in the United States” with multiple assets and operations in California, Nevada, New York, and Florida. MedMen owns and operates licensed cannabis facilities in cultivation, manufacturing, and retail, and is one of the most well-recognized cannabis brands in the world today.

Headquartered in Los Angeles, MedMen employs more than 800 workers across the United States. It was founded in 2010 by Adam Bierman and Andrew Modlin, two visionary entrepreneurs who saw not just a tremendous business opportunity in the growing legalization of marijuana, but a chance to re-define our society’s relationship with cannabis. MedMen supports sensible, clear and just drug laws.

The Company is the single largest financial supporter of progressive marijuana laws at the local, state and federal levels, giving directly to pro-legalization groups, industry organizations and political candidates.

The company is headquartered in Culver City, California. MedMen Enterprises Inc. is a subsidiary of The Medmen Of Nevada 2 Llc.

Moreover, the company operates as a cannabis company in the United States. The company cultivates, produces, possesses, uses, and distributes/retails cannabis in the recreational and medicinal cannabis marketplace. It owns and operates 19 licensed facilities in California, Florida, Nevada, and New York. The company is headquartered in Culver City, California.

 

A Boost

As we discussed earlier, MMNFF just announced that it has signed a definitive agreement to acquire control of Kannaboost Technology Inc. and CSI Solutions LLC, collectively referred to as “Level Up,” in a cash and stock transaction valued at $33,000,000.

“This acquisition strengthens our presence in one of the top cannabis markets in the U.S.,” said Adam Bierman, MedMen chief executive and co-founder. “We will continue to identify highly accretive transactions in core states and remain laser-focused on executing our retail playbook.”

MMNFF has responded well, rallying about 11% over the past five days, with this news clearly driving the action. Shares of the stock have powered higher over the past month, rallying roughly 34% in that time on strong overall action.

“We have worked tremendously hard to build a company that puts the needs of patients in our local communities first,” said Michael Colburn, co-founder of Level Up. “This marks an exciting new chapter for our brands and for the medical marijuana patients who have supported us,” added Daryll DeSantis, Level Up co-founder.

Medmen Enterprises Inc (OTCMKTS:MMNFF) had no reported sales in its last quarterly financial data. In addition, the company is battling some balance sheet hurdles, with cash levels struggling to keep up with current liabilities ($0 against $0, respectively).

Continue Reading
Advertisement

Trading Symbol

OTC: PLSI

The Next Big Global Cannabis Trade


FEATURED STORIES

Business2 days ago

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

Post Views: 153 Valens Groworks Corp (OTCMKTS:VGWCF) seeks to engage in significant geographic expansion. It has set up offices in...

Business2 days ago

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

Post Views: 155 International Cannabrands Inc (OTCMKTS:GEATF) has thanked an entity named Riotus SODO LLC. This is after the company...

Business3 days ago

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

Post Views: 288 Namaste Technologies Inc (OTCMKTS:NXTTF) announced on Thursday that it signed a marketing and distribution deal with Eroll...

Business3 days ago

Generex Biotechnology Corporation (OTCMKTS:GNBT) To Create A NuGenerex Immuno-Oncology Spin-off

Post Views: 192 Generex Biotechnology Corporation (OTCMKTS:GNBT) announced on Friday that it will create a spin-off of its subsidiary NuGenerex...

Business4 days ago

Hexo Corp (NYSE:HEXO) Boosts Its Product Line In Ontario Cannabis Store By Introducing New Products

Post Views: 222 Hexo Corp (NYSE:HEXO) has announced the launch of 18 new products as part of its plan to...

Business4 days ago

MGC Pharmaceuticals Ltd (OTCMKTS:MGCLF) And Malta Industrial Parks Sign Lease Agreement For Production Facility

Post Views: 175 MGC Pharmaceuticals Ltd (OTCMKTS:MGCLF) recently announced that it signed a long-term lease agreement with Malta Industrial Parks...

Business5 days ago

Medical Marijuana Inc (OTCMKTS:MJNA) To Introduce Hemp For Pets At The SuperZoo

Post Views: 273 Medical Marijuana Inc (OTCMKTS:MJNA) has spoken regarding the next activity of its subsidiary HempMeds®. According to the...

Business5 days ago

Golden Leaf Holdings (OTCMKTS:GLDFF) Rolls Out The Latest Investment Presentation

Post Views: 174 Golden Leaf Holdings (OTCMKTS:GLDFF) plans to have achieved immense business success by 2020. The filing of the...

Business6 days ago

First Foods Group Inc (OTCMKTS:FIFG) Unveils Its “Southeast Edibles” New Product Line

Post Views: 313 First Foods Group Inc (OTCMKTS:FIFG) today disclosed details about the unveiling of its latest product called “Southeast...

Business6 days ago

Digipath Inc (OTCMKTS:DIGP) Carries Out Tests On Its Plant-Based Pesticide

Post Views: 66 TheGroSciences division of Digipath Inc (OTCMKTS:DIGP) says it is already through with thepreliminary validation tests on the...

Whats Hot

Create a future where the human body can repair, restore, and rejuvenate itself

 

Trading Symbol

OTC: PLSI

The Next Big Global Cannabis Play