RE:Wmd Holder hereSmallBet wrote: Many of us Wmd holders are Nit happy with this low ball deal. In fairness, Hiku bring very little to the partnership. Almost no production, but hey, they can retail... Hiku is hugely overvalued as it is,or compared to Wmd.
1. We still may vote this down
2. A better offer for us Wmd holders could still come and hopefully it does.
That said, any if you wondering which of the 2 to buy, it's clearly Wmd. Undervalued and they are the ones with actual product
we would love to merge with you guys WEEDMD but dont get it twisted.vote this down all you want- fact is this will go through- it makes complete sense for both sides and with the current boost to your SP says the markets agrees with me. HIKU being down and MD up means we gave you to sweet of a deal......this is short term pain with longterm gain so i am fine with it....we get the medical side and SQ Ft innovation and you guys get dominant REC player(craft cannabis-vitalis oil--- /elite branding (jackman)/distribution plan TS worldwide....to be honest you guys are really getting lucky because nobody is feeling WEED MD as a dominate rec player and that is key(Especially in the states market soon)..HIKU BRANDS is class-REC first-*Normalizing cannabis use with a modern touch...
Top this off with worldclass management and you guys would have to be braindead to vote no...you should do your own DD but since i had most if this a click away i will help ya out.afterall we will be a team soon------
DOJA Cannabis Closes $12.5 Million Private Placement led by Aphria
The financing supports the strategic positioning of Hiku Brands Company Ltd. ("Hiku"), the anticipated combined company resulting from the merger (the "Merger") of DOJA and TS Brandco Holdings Inc. ("Tokyo Smoke"), an award-winning lifestyle brand and retail-focused cannabis company (see DOJA's press release of December 21, 2017). The merger of DOJA and Tokyo Smoke creates the first retail-focused, craft cannabis producer, and with a portfolio of highly recognizable brands, Hiku is strategically positioned to become the preeminent craft cannabis brand house in the Canadian adult-use cannabis market.
"We're thrilled to have strategic partners in Aphria and Koicha Partners," said Trent Kitsch, CEO of DOJA. "Once the merger with Tokyo Smoke goes through, this strategic investment will strengthen Hiku, financially as well as through its brand recognition and product and market reach. Expanding Hiku's retail footprint, targeting provinces allowing private cannabis retail, and building a portfolio of recognizable consumer brands and products will be key differentiators for Hiku."
In addition to the contemplated equity investment in Hiku, Aphria will establish an agreement with Hiku that includes:
* A supply agreement that builds on the existing supply agreement for the dried flower between Aphria and Tokyo Smoke that adds high-quality cannabis oil to the list of products Aphria will white label for the Tokyo Smoke brand; and,
* The issuance of 0.8 million units in Hiku, on the same terms as the equity investment, to Aphria in exchange for entering the supply agreement.
In addition to the agreement noted above, Aphria and Hiku are currently in the process of finalizing the following, to take affect once DOJA's wholly-owned subsidiary receives its license to sell cannabis under the ACMPR:
* A supply agreement whereby Aphria will have access to DOJA's premium West Coast cannabis;
* A tolling agreement whereby Aphria will process cannabis oil for Hiku using dried cannabis supplied by DOJA;
* A distribution agreement whereby Aphria will have access to Hiku's independent retail locations in provinces where private licenses will be granted; and
* DOJA will leverage Aphria's distribution network to sell branded cannabis. DOJA's subsidiary has requested a pre-sales license inspection from Health Canada, the last step prior to issuance of a sales license under the ACMPR.
About DOJA
DOJA™ is a premium cannabis lifestyle brand growing high-quality handcrafted cannabis flower. DOJA's wholly owned subsidiary is a licensed producer of cannabis under the ACMPR that has requested its Pre-Sales License Inspection, the last step prior to receiving a license to sell cannabis under the ACMPR. DOJA's state-of-the-art ACMPR licensed production facility is located in the heart of British Columbia's picturesque Okanagan Valley. DOJA was founded by the proven entrepreneurial team that started SAXX Underwear®.
Trent Kitsch
PRESIDENT, CO-FOUNDER OF DOJA
Trent founded SAXX Underwear Co. in 2007 and successfully built SAXX into a globally recognizable brand and the fastest growing underwear brand in North America before exiting the business in 2015. In 2013 Trent and his wife Ria founded Kitsch Wines in the Okanagan Valley. Trent is an MBA graduate of the Richard Ivy School of Business with a major in Entrepreneurship.
About Tokyo Smoke
Tokyo Smoke is an award-winning lifestyle brand that brings sophistication and design to coffee, clothing and cannabis. Founded by father and son, Lorne and Alan Gertner, Tokyo Smoke is based on a strong passion for design and strong desire to elevate the cannabis landscape. Located in Toronto, Ontario, the brand's flagship location, Tokyo Smoke Found, launched in April 2015. Tokyo Smoke will expand its retail and recreational cannabis presence into the United States in (seattle location)
Alan Gertner
CEO, CO-FOUNDER OF TOKYO SMOKE
Alan Gertner, a lover of technology, design and everything in-between, most recently led a $+100M organization at Google in Asia. Alan is a proven leader in strategy and operations, including as a founding member of Google's first Global Business Strategy team while based in Mountain View, California. Alan was formerly a Management Consultant at Oliver Wyman in New York and graduated Dean’s list from the Richard Ivey School of Business, Canada’s leading business school, in 2006. As a youngster, Alan spent every moment he could interning at wild and weird startups - from building flashy flash websites to developing and selling the garbage bin billboard.
About Hiku
Hiku is focused on building a portfolio of iconic, engaging cannabis brands, unsurpassed retail experiences and handcrafted cannabis production. With a national retail footprint led by Tokyo Smoke, craft cannabis production through DOJA's ACMPR licensed grow, and Van der Pop 's female-focused educational platforms, Hiku houses an industry-leading portfolio that sets the bar for cannabis brands in Canada.
Hiku's wholly-owned subsidiary, DOJA Cannabis Ltd., is a federally licensed producer pursuant to the ACMPR, owning two production facilities in the heart of British Columbia's Okanagan Valley. The Company operates a network of retail stores selling coffee, clothing and curated accessories, across British Columbia, Alberta and Ontario.
Hiku is also pleased to announce it has signed a strategic partnership agreement with Vitalis Extraction Technology Inc. ("Vitalis"), whereby Vitalis will advise on the build-out of DOJA's extraction lab, partner on certain research and development initiatives, and supply the FUTURE LAB with Vitalis' Q-90 supercritical CO2 extraction system - which is capable of processing up to 80 kg of cannabis flower per day into ultra-pure, exceptionally-clean, high-quality cannabis oils without the use of any toxic solvents. Vitalis is known as the leading manufacturer of high flow rate industrial supercritical CO2 extraction systems that are redefining the capabilities of traditional extraction methodologies.
About Vitalis
Vitalis is a Kelowna-based engineering and manufacturing company, producing the highest-flowing industrial supercritical CO2 extraction system for the cannabis market. The company's core focus on innovation and design has vaulted it to the forefront of the market. Renowned for their reliability, scalability, and continuous operation, Vitalis systems are designed and manufactured in accordance with ASME and CSA Standards for Boiler, Pressure Vessel and Pressure Piping Code. The vessels are stamped with a CRN and NB registration number confirming that the vessels meet code and have been inspected by an Authorized Inspector. With systems on three continents, Vitalis has the most deployments of industrial CO2 supercritical extractors into the cannabis industry. Vitalis was recently voted Top Extraction Equipment at the 2017 Lift Canadian Cannabis Awards. For more information, visit their website at www.vitaliset.com.
About Matri:
maitri is a premium cannabis lifestyle brand based in Quebec, created in 2017 by entrepreneurs Philippe Depault and Alex Lalancette. With an emphasis on innovation, education, locally made cannabis products and building community, Matri has quickly become the go-to cannabis brand for Quebec consumers. Matri products are sold in high end retail locations across Canada and online.
Matri has already earned a slew of awards and accomplishments in its short history, including as a finalist for the 2017 Lift Cannabis Awards 'Brand of the Year' (which was ultimately won by Hiku's Tokyo Smoke). Matri currently sells products nationally, and has been covered by numerous top tier media outlets. Matri will continue to be sold across Canada including at all Tokyo Smoke retail locations, as well as at DOJA's Culture Cafes on the West Coast.
VDP
Van der Pop is one of North America's most recognized female-focused cannabis brands. Founded in 2016, Van der Pop is the cannabis digest for discerning women. With an emphasis on discretion, education and style, the aim is to enhance flower-powered pleasures through a thoughtful and candid exploration of cannabis. Through an editorial platform, weekly newsletter, social sites, product line and SESSION events, Van der Pop explores cannabis and how it relates to self-care, health, wellness and socialization.
Hiku Brands Expands to Jamaica
This is an incredible opportunity for Hiku to tap into Jamaica's world-renowned cannabis community and take our retail and branding expertise global", said Alan Gertner, CEO of Hiku. "We're excited to start working with the Kaya team and have been thoroughly impressed by their knowledge and passion. The Hiku team is excited to share in Kaya's vision to provide an authentic-to-Jamaica cannabis retail experience, properly showcasing the amazing cannabis genetics produced by their sister-company, Ganja Labs. Jamaica has such a deep and rich history with cannabis and we are fortunate to be able to participate in and learn from that history."
Bali Vaswani, Chairman and Chief Ganja Officer of Kaya, said "we are very excited to leverage the expertise of Hiku. As proven retailers with a strong operational foundation, we have found the perfect partners. Hiku is a world class brand builder and we are extremely pleased to bring their portfolio of brands, including Tokyo Smoke, DOJA and Van der Pop, to consumers along
dosist™ and Hiku Brands To Collaborate on Educational Initiatives and Unique Retail Experiences to Highlight Cannabis as a Wellness Tool
About dosist™: Named one of Time Magazine's Best Inventions of 2016, dosist™ is a cannabis-based wellness company. Through six targeted formulas, dosist™ aims to deliver safe, targeted, and effective solutions for some of our most common ailments. The company takes an ethical approach to production, which includes fully recyclable, medical-grade plastic and a rigorous testing process to ensure all products are safe and pesticide-free. www.dosist.ca @dosist.ca
"Hiku and dosist are committed to helping consumers understand and access the benefits of cannabis in a safe manner. We both understand that consumers will want accurate information, lots of choice and creative, sophisticated retail experiences post-legalization," said Alan Gertner, CEO of Hiku. "We're excited to introduce dosist's exceptional products to our customers soon, and in the meantime, work together to educate, inform, and normalize cannabis for Canadians."
Following the legalization of dosist's cannabis products in Canada, consumers will be able to purchase the highly innovative and intuitively designed dose pen™ at Hiku-owned licensed stores. Select locations in key areas will feature an immersive dosist retail experience, where Hiku will be the exclusive retailer of dosist products. Education will inform a key aspect of the retail experience from interactions with sales clerks, to materials available and how the product is displayed.
Hiku Brands and WeedMD to Merge in Transformational Transaction to Create Vertically Integrated Industry Leader
The Transaction combines a premium cannabis brand house and retail focused operator in Hiku, with the significant production capabilities and differentiated medical brand in WeedMD
* Vertically integrated operations secure control over the entire cannabis value chain
* Coast-to-coast and diversified cannabis cultivation platform with four facilities, and planned capacity of over 56,000 kg by mid-2019
* Brings together an experienced management team with leading capabilities in branding, marketing, retail and cannabis production
* Increased scale of the combined company will enhance its capital markets profile and trading liquidity
* WeedMD shareholders to receive 1.4185 common shares of Hiku for each share of WeedMD
* Management to present today at GMP Securities 2018 Cannabis Conference, in Toronto
TORONTO, April 19, 2018 /CNW/ - Hiku Brands Company Ltd. ("Hiku") (CSE:HIKU) and WeedMD Inc. (TSX-V:WMD) (OTC:WDDMF) (FSE:4WE) ("WeedMD"), are pleased to announce that today they have entered into a definitive agreement (the "Arrangement Agreement") to merge both companies, creating an industry leader (the "Transaction"). The Transaction combines two highly-complementary businesses and creates a unique and market differentiating vertically integrated company. Upon completion of the Transaction, existing Hiku and WeedMD shareholders will own approximately 51.75% and 48.25% of the combined company, respectively, on a fully-diluted basis. Upon closing of the Transaction, it is anticipated that the common shares of the pro forma resulting entity will be listed on the TSX Venture Exchange ("TSX-V"), subject to regulatory approvals. Joint management will be hosting a conference call on Friday, April 20, 2018 beginning at 10:00AM EST. See end of the press release for details.
The combination of Hiku and WeedMD creates a premium cannabis brand house with fully vertically integrated operations, an expanding network of retail stores, a growing medical business and four scalable cannabis production facilities, two of which are currently licensed. As a result of the Transaction, Hiku will operate a diverse cannabis supply chain that includes a large portfolio of unique genetics for its growing brand portfolio and emerging nationwide retail sales channels. The entity combines Hiku's strength in retail and branding – ensuring a high quality, consistent and educational consumer experience in the adult-use cannabis market – with WeedMD's existing service and quality in the medical market.
"Our vision at Hiku has always been that cannabis is a consumer product – in which brands, retail and customer experience will ultimately win," said Alan Gertner, Chief Executive Officer of Hiku. "The combination of Hiku and WeedMD creates a cannabis company capable of fulfilling the vision of delivering the best in class experiences from in-store to product, from medical to adult-use, but also capturing full retail and wholesale margins. Our combined offerings create a company that is insulated from potential wholesale margin compression and is ready to scale its offering globally."
Bruce Dawson-Scully, Chief Executive Officer of WeedMD, said, "WeedMD was founded on the principles of product and patients first. Our goal since inception has been on procuring world class genetics, cultivating premium medical cannabis, and delivering it with best-in-class service to our valued patient base. We look forward to the next step in WeedMD's journey by merging with Hiku, a complimentary group that furthers our mission by bringing our focus and passion into a more robust platform. Having access to iconic brands and a growing retail footprint to execute on our growth plan together with our cultivation and existing medical expertise is intended to ensure significant benefits to our shareholders and expected to present significant upside as Canada marches towards legalization."
Hiku has built a portfolio of iconic, engaging cannabis brands, immersive retail experiences and handcrafted cannabis production. Hiku is recognized as an early leader in Canada's emerging adult-use market, with the Tokyo Smoke retail banner awarded Brand of the Year at the 2017 Lift Cannabis Awards. In February 2018, Tokyo Smoke, Hiku's wholly owned subsidiary, was awarded one of only four conditional master licenses for cannabis retail in Manitoba, an important milestone in Hiku's Canada-wide cannabis retail expansion plans.
With a retail footprint led by Tokyo Smoke, cannabis production through DOJA's ACMPR licensed facility, and Van der Pop's female-focused educational platforms, Hiku houses an industry-leading portfolio for cannabis in Canada's adult-use market. WeedMD operates a 26,000 square foot indoor facility with over 1,500 kg of current production capacity and is fully funded for a large-scale production expansion of a 14-acre greenhouse on a 98-acre property representing an increase to more than 50,000 kg of capacity. The combined companies create a brand-focused retail business with the ability to provide product quality and selection on par with the retail experience itself.
Highlights of the Transaction:
* Vertically Integrated Operations Secure Control Over Entire Cannabis Value Chain: The combined entity will leverage Hiku's growing retail operations as sales channels for premium cannabis supply, allowing for the realization of superior wholesale and retail margins. The Transaction ensures Hiku's control over both upstream and downstream components of the cannabis value chain
* Highly Complementary Strengths: The Transaction combines Hiku's portfolio of iconic brands, visionary marketing and experiential retail stores with WeedMD's scalable cannabis production capabilities, deep genetics library, and innovative research and development initiatives
* Visionary Leadership with Significant Experience: Experienced management team with leading capabilities in branding, marketing, retail and cannabis production
* Dynamic Retail Growth Across Canada: The combined company plans to aggressively pursue the expansion of its existing retail store network, including the addition of legal retail cannabis stores and online cannabis sales channels where permitted in British Columbia, Alberta, Saskatchewan and Manitoba where Tokyo Smoke was conditionally awarded one of four master licenses for retail cannabis sales
* Superior and Diversified Cannabis Cultivation: This combination brings together four indoor and greenhouse growing facilities in Ontario and British Columbia, with the option for future expansion on more than 100 acres of property at the existing sites. Current planned capacity will exceed 56,000 kg by mid-2019
* Extensive and Unique Genetics: Deep library of unique cannabis genetics is the basis for premium cannabis products in both the adult-use and medical markets
* Enhanced Capital Markets Profile: Increased scale of the combined company will enhance its capital markets profile and trading liquidity, in addition, the combined entity will be listed on TSX-V, subject to regulatory approvals
* Expanded Platform for Future Growth : Together, the combined company will have substantial and burgeoning infrastructure to support the acceleration of future product development and expansion
* Synergies from being Vertically Integrated: Having branded stores, cannabis dispensing stores, and owned production facilities ensures a vertically integrated company that can best drive greater margins in the wholesale and retail markets of the new cannabis sector.