Vertically Integrated Cannabis Companies on Tour: A New Era of Confidence as Regulations Change
POINT ROBERTS, Wash. and DELTA, British Columbia, March 22, 2019 (GLOBE NEWSWIRE) -- Investorideas.com, a leading investor news resource covering hemp and cannabis stocks releases a snapshot looking at how companies are expanding their footprint and vertical integrated operations. In parallel, management is on the road, spreading the word about this rapidly expanding sector with a new sense of confidence.
More and more high profile executives from the beverage, pharmaceutical, media and finance sectors are joining cannabis operations and many are using the numerous cannabis/investor events taking place in March and April to discuss their recently closed acquisitions, and how that will impact their companies and the cannabis industry.
John Cochran, Chief Operating Officer of Harvest Health & Recreation, ( CSE: HARV ) ( OTCQX: HRVSF ), will deliver the Welcome Keynote, “Tapping the Beverage Market Boom,” at Cannabis Conference 2019, April 1-3, in Las Vegas, Nevada.
“While alcohol and cannabis differ in many ways, the regulatory framework and consumer trends shed light on the future of the plant in this country and around the world,” said Cochran, who is the former CEO of multistate cannabis company Loudpack Inc., former CEO of Pabst Brewing Company, and former President and COO of Fiji Water Company. “I’m excited to share the lessons I’ve learned after decades at some of the largest beverage and cannabis companies in the world with attendees of Cannabis Conference.”
Harvest is a vertically integrated cannabis company with licenses for more than 140 retail, cultivation, manufacturing and distribution facilities across 12 states. In his Keynote, Cochran will also explore Harvest’s value chain and frameworks for considering profitable, scalable solutions and the importance of communicating those shifts to investors.
Medicine Man Technologies, Inc. ( OTCQX: MDCL ), a rapidly growing, vertically integrated cannabis operator, recently announced it will be presenting at the Sidoti & Company, LLC, Spring 2019 Investor Conference being held on March 28, 2019, at the Marriott Marquis in New York City. Joe Puglise, COO of Medicine Man Technologies will be delivering a corporate overview of the Company on Thursday, March 28, at 8:00AM ET.
Medicine Man Technologies was recently reported as one of the Top 10 Most Profitable Pot Stocks by EnergyandResourcesDigest.com, with Aphria leading the pack.
“We’ve announced some recent corporate updates to our Company, including 150%+ year-over-year profitable growth and the pending acquisitions of MedPharm Holdings, LLC, and Medicine Man Denver, which would bring Medicine Man Technologies to an annual run rate of over $40 million,” says Medicine Man Technologies CEO, Andy Williams. “Along with our new COO’s expertise in scaling up businesses, there are many reasons why we believe this is an exciting time to tell our story to the investment community.”
The company is expected to close acquisitions of Medicine Man Denver and MedPharm Holdings, LLC, later this year, which would give the combined company retail, cultivation, extraction, formulation and distribution relationships in 18 states; offer retail pharmaceutical-grade and recreational cannabis products direct to consumers and dispensaries from a GMP-certified facility; and provide turnkey solutions and supplies for cannabis cultivators. MedPharm currently holds patents on a precise-dose packaging product and intellectual property for a water-soluble powdered cannabinoid. The packaging allows for accurately dosed cannabis with optimized delivery using MedPharm’s Lipophilic Enhanced Absorption Formula (L.E.A.F.).
Mr. Chu shared the stage with Richard Carleton, the Chief Executive Officer of the Canadian Securities Exchange and Alan Brochstein, the Founder of New Cannabis Ventures.
During his talk, Mr. Chu highlighted: The Company’s focus on building a recreational cannabis lifestyle brand that appeals to a wide range of demographics; The appeal of the Company’s stock symbol POT; The Company’s management experience in building consumer packaged goods brands and why that matters in the cannabis industry; and The Company’s offerings across Canada, Jamaica and the United States.
In addition, Mr. Chu provided a preview of the company’s brand new look and Weekend-branded products, which he said would be made public on April 10, 2019.
Khiron Life Sciences Corp. ( TSXV: KHRN ), ( OTCQB: KHRNF ), a vertically integrated cannabis leader with core operations in Latin America also took advantage of this “March Madness”, having announced that the Company’s President, Chris Naprawa presented and answered questions from participating investors at the second annual LD Micro Virtual Conference on March 13th.
Khiron and Dixie Brands Inc. recently signed a definitive agreement relating to the joint venture called Dixie Khiron JV Corp., 50% owned by each.
By combining Dixie’s portfolio of more than 100 cannabis-infused products with Khiron’s established footprint throughout Latin America, the companies aim to capture first-mover advantage and establish leadership in the region of 620 million people.
As vertically integrated companies expand their reach into new markets and leverage economies of scale, the story for each company and the sector as a whole becomes more compelling. According to New York-based investment bank Jefferies Group LLC, the global cannabis industry could be worth as much as US$130 billion a decade from now if a wave of legalization sweeps the US, Europe and Latin America.
For investors following cannabis stocks, Investor Ideas has created a stock directory of publicly traded CSE, TSX, TSXV, OTC, NASDAQ, NYSE, ASX Marijuana/Hemp Stocks
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