NEW YORK, Dec. 16, 2020 (GLOBE NEWSWIRE) -- Wall Street Reporter, the trusted name in financial news since 1843, has published reports on the latest comments and insights from leaders at: Tilray, Inc. (NASDAQ: TLRY), Icanic Brands (OTC: ICNAF) (CSE: ICAN) Red Light Holland (OTC: TRUFF) (CSE: TRIP) and Sundial Growers, Inc. (NASDAQ: SNDL).
Innovation in premium branding, growing technologies, manufacturing, with operational execution are key, in the drive towards profitability. Wall Street Reporter highlights the latest comments from industry thought leaders in cannabis and psychedelics:
Tilray, Inc. (NASDAQ: TLRY) CEO, Brendan Kennedy: “ Leading geographic scale, Product Range and Brands - Key to Cannabis Success”
December 16 - Tilray and Aphria announce they are combining, creating the world’s largest cannabis company with $685 million proforma revenue. In last months earnings call, Tilray CEO Brendan Kennedy shares his vision for global cannabis:
“...We are operating in an efficient manner across our entire business, global medical cannabis, Canadian adult use-cannabis and global hemp. With the completion of our significant cost reductions, we are now poised to leverage our cost structure and ensure we are one of the global winners in this industry. We have ample cash availability on our ATM to execute our strategy...With our infrastructure in place, we will continue to focus on building brands and developing products that resonate with consumers and established Tilray as the most trusted cannabis and hemp company in the world.”
“...I think that we'll see possibly the entire EU legalize cannabis for medical-use over the course of the next, let's call it, 18 months...We are committed to long-term profitable growth in Europe as regulations continue to change and country markets develop...The commitments we have made to the EU market with our Portugal GMP campus and regional leadership team based in Germany, position us well to continue to capture market share in Germany and more broadly in Europe...”
Tilray, Inc. (NASDAQ: TLRY) Earnings Call Highlights: https://bit.ly/3m2MqdY
Red Light Holland (OTC: TRUFF) (CSE: TRIP) CEO Todd Shapiro: ”Psychedelics is Next Billion Dollar Market Opportunity”
Red Light Holland (OTC: TRUFF) (CSE: TRIP) CEO Todd Shapiro was a featured presenter at Wall Street Reporter’s NEXT SUPER STOCK investors livestream conference on December 9, 2020. TRUFF produces and sells recreational grade psychedelic Magic Truffles to the current legal adult use market in the Netherlands, and is planning global expansion as legislation is rapidly changing globally.
Watch TRUFF Next Super Stock livestream 12/9/20 Video: http://bit.ly/3qZPcDH
“The psychedelic market opportunity is today where cannabis was just a few years ago,” Red Light Holland (OTC: TRUFF) CEO Todd Shapiro, shared with Wall Street Reporter’s global investor audience. In his interview, Todd outlines his global growth strategy entering new markets as legislation around psychedelics for recreational and medical use eases worldwide, much as it has for cannabis. Todd shares his vision for building TRUFF into a billion dollar global psychedelics and lifestyle brand - much in the way “Red Bull” is for energy drinks.
December 15 - TRUFF announced it has commenced growing its second crop of approximately 1,000,000 (1 Million) grams of magic truffles consisting of three different strains, including Psilocybe Mexicana, Psilocybe Galindoi, and Psilocybe Tampanensis. "Red Light Holland is ecstatic to announce that we have started to grow our second batch of magic truffles, expected to be 10X the original batch's size totalling an expected 1,000,000 (1 Million) grams of Magic Truffles. We are proud as a company, in the Psychedelic sector to actually produce product now, as opposed to making mere projections about the future. We believe in providing responsible adult access now, through education and information and we are happy to be moving so quickly and efficiently."
December 16 - Red Light Holland (OTC: TRUFF) (CSE: TRIP) will be a presenter at Wall Street Reporter’s NEXT SUPER STOCK livestream. Livestream starts 12:30PM EST. Click here to join livestream: https://bit.ly/2K83wta
Icanic Brands (OTC: ICNAF) (CSE: ICAN) CEO Brandon Kou: ”Ready to Scale with Quality Brands, and a Superior Gross Margin Profile”
“The Tesla of Cannabis” is what some savvy investors are calling Icanic Brands (OTC: ICNAF) (CSE: ICAN), after its recent presentation at Wall Street Reporter’s “Investors Discovery Day” livestream. ICNAF is a leader in the California market, and specifically in the pre-rolled space, with its award-winning, “Ganja Gold” brand, sold in hundreds of retail outlets. A key component of ICNAF’s success is its pre-roll manufacturing technologies which produce consistent, high-quality pre rolls at high gross margins - a major competitive advantage in the cannabis industry.
Watch ICNAF Investors Discovery Day 12/9/20 Video: https://bit.ly/3gbJJVf
In his livestream presentation, ICNAF CEO Brandon Kou outlined the company’s growth strategy, based on a “three pillar approach”: sales platform, technology, and vertical integration which lead to a superior gross margin profile. With a profitable foundation established, ICNAF is now at an inflection point where it’s ready to start scaling revenues and expand with strategic M&A opportunities.
December 9 - ICNAF signs LOI to acquire THC Engineering, LLC, which manufactures one of a kind automation technology for the rapidly expanding cannabis manufacturing industry, and renowned for its world-leading, automated pre-roll technology. "Technology has always been a key focus and one of the three pillars that allows Icanic to truly differentiate itself and target a superior gross margin profile," said Brandon Kou, CEO of Icanic. "The opportunity to acquire THC Engineering and its world class team was something that we could simply not pass up. This agreement reinforces our commitment to technology by bringing on a team that has built one of a kind manufacturing equipment for the likes of Tesla, Genentech and Johnson & Johnson."
December 1 - ICNAF reports $C7.9 million revenues and $560,000 in positive adjusted EBITDA for FY 2020. ICNAF also announces expansion to its new California facility which will house ICNAF’s second automated pre-roll machinery, being put into production in Q1-2021, resulting in a significant increase in overall production capacity. Over the past 12 months, ICNAF has seen a significant increased demand for its pre-roll brands (Ganja Gold and Taylors) and the addition of automation equipment that has been sourced and developed to keep up with the demand requires a much larger physical manufacturing facility.
Watch ICNAF Investors Discovery Day 12/9/20 Video: https://bit.ly/3gbJJVf
Sundial Growers (NASDAQ: SNDL), CEO Zach George: “Evolving to Deliver Higher THC Potency Meeting New Consumer Demands”
“...Canadian cannabis consumer preferences are evolving, but are currently biased towards high THC potency. We have had to rapidly adapt our cultivation processes to meet those demands over the last six months....the modular nature of our facility provides Sundial the ability to rapidly adapt to evolving market conditions and we continue to be agile in our response. The scale and modular room design of Sundial's cultivation facility make it one of the best in Canada. Since inception, we've compiled a broad spectrum of cultivation statistics, including more than 600 harvests, including 243 in 2020 and 52 in the third quarter alone. Sundial has leveraged his data analytics capabilities to focus on key improvement areas. I am proud to say that just last month in October we generated the highest average potency results since Sundial's inception…”
“...To continue to serve evolving consumer preferences Sundial has also acquired an expanded library of genetics. We expect these genetics to have a financial impact in early 2021. ...We exited Q3 with lower costs, greater efficiencies and dramatic improvements to our balance sheet. Despite underperforming on revenue, we reached several key operating milestones. As we continue to improve our processes, we are also working to elevate our customer experience while driving long-term growth…” Sundial Growers, Inc. (NASDAQ: SNDL) Q3 2020 Earnings Highlights: https://bit.ly/3oFJgO7
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