Cannabis and Hemp Industry Investment News

1933 Industries (CSE: TGIF- OTCQB: TGIFF) CEO Paul Rosen joined Steve Darling from Proactive to bring news the company has completed their recent oversubscribed financing bringing in over 5 million dollars.

Rosen sharing with Proactive this capital along with some work on the balance sheet has put the company in a much better position. Rosen also talking about some things they plan on doing to help with yields from their operations.

1933 Industries Inc () () reported that its company-wide total sales and open orders reached C$1.4 million in January, which it called a “significant milestone” as 1933 continues to scale-up production from its state-of-the-art Las Vegas cultivation facility. 

The company also noted that its Alternative Medicine Association (AMA) cultivation subsidiary saw its revenue surge 113% increase year over year, which represents its strongest monthly sales to date since launching its AMA branded cannabis flower and pre-rolls in late August 2020.

“As seasoned operators, we are pleased with the progress to date and we believe that the company has never been in a better position to achieve sustainable and profitable top line revenue growth going forward,” 1933 Industries CEO Paul Rosen said in a statement.

READ: 1933 Industries expects stronger finances in fiscal 2021 as it looks to grow Nevada market share

He added: “Our execution strategy is completely aligned with our shareholders as we continue to build the business, utilizing our competitive advantages in operating large-scale cultivation to solidify a dominant position within our core market.”  

1933 Industries (CSE: TGIF- OTCQB: TGIFF) CEO Paul Rosen joined Steve Darling from Proactive with news the company has released their Q-1 financials which saw an increase in revenue of 12%.

Rosen also talked about the company’s margins which also saw a massive increase. Rosen also shared his thoughts on 2021 and how the recent U.S. election may have a big impact on the industry.

() (OTCQB:TGIFF), a vertically integrated cannabis consumer packaged goods company, has announced the launch of a new e-commerce website for its Canna Hemp brand of hemp and CBD wellness products. 

With the goal of enhancing the user-experience, the group said the new website features more intuitive navigation and improved education to assist consumers select wellness products that suit their individual lifestyles and needs. Featuring a large selection of high-quality hemp and CBD products with specific outcomes and delivery formats, Canna Hemp aims to bring natural wellness to consumers across the United States.

READ: 1933 Industries sees 1Q 2021 revenue climb 13% quarter over quarter on strong Nevada consumer demand

"Our new website reflects an immersive approach to online shopping. We aim to deliver the power of CBD to our consumers via an elevated experience, educating our visitors about the benefits of terpenes and adding a number of new features aimed at making the overall experience more impactful and user-friendly," Eugene Ruiz, president of 1933 Industries said in a statement.

"With a fresh look and feel, the hemp and CBD one-stop-shop showcases all our Canna Hemp brands, including our Canna Hemp X actions sports line," he added. "Canna Hemp stands as a trusted brand for its unwavering commitment to using only quality organic botanical ingredients that are free of synthetic chemicals, preservatives and additives. Canna Hemp infuses its products with high-grade, 100% all-natural hemp-derived CBD sourced from regulated suppliers in the US. Many of our products are made with TerpFX, our proprietary blend of terpenes designed to bring maximum benefits to your wellness routine."

1933 Industries Inc () () has reported that its 1Q 2021 revenue rose by 13% quarter over quarter to $2.7 million, which it attributed to strong consumer demand following the launch of cannabis flower and pre-rolls in Nevada.

The company also noted that its 1Q net loss from continuing operations improved by 61% from 4Q 2020 to $2.8 million and said it is moving closer to profitability, while its adjusted EBITDA loss for the period shrunk by 81% quarter over quarter to $1.4 million.

“Our team has been steadfast in our commitment to transforming the company into a profitable enterprise. Every decision and action that we have taken has moved us closer towards achieving our targeted goal of accelerating our path to profitability,” said 1933 Industries president Eugene Ruiz in a statement.

READ: 1933 Industries reaches critical juncture with new products and management

He added: “During the first quarter 2021, tremendous progress was made. That progress has continued into the second quarter 2021, with our operating business units achieving profitability for the month of November 2020. We continue to believe we are on the path to achieving company-wide profitability by the end of the second quarter 2021. We remain vigilant and cognizant of the challenges posed by COVID-19 on tourism in our state, while remaining confident that the rebound of strong local cannabis sales experienced since the pandemic will provide for sustainable revenue growth.”

BevCanna Enterprises Inc () (QTCQB:BVNNF) (FRA:7BC) announced Thursday that its acquisition of Naturo Group Investments Inc will close on or before January 20, 2021. 

In a statement, BevCanna said the merger will create a comprehensive health and wellness beverage and natural products company, one that generates significant value for both organizations and brings together two exceptionally experienced and innovative leadership teams. 

“Bringing these two leaders within the Canadian beverage industry together will unlock significant potential for growth,” said Don Wood, an advisory board member of BevCanna and former CEO of Arrowhead Spring Water. 

READ: BevCanna executes definitive agreement to acquire Naturo including its $35M assets

“Consumers continue to flock to health and wellness-focused products, and BevCanna’s wide range, including the innovative TRACE offering, with its proprietary plant-based mineral beverage, alkaline and sparkling beverages, and natural supplements, is a perfect fit for this progressive market,” he added.

BevCanna Enterprises Inc () () (FRA:7BC) reported that it intends to further expand into the US market and is in the process of evaluating a list of potential strategic partnerships and acquisition targets. 

The company also said it is considering expansion south of the border through internal growth projects and is specifically seeking strong beverage brands, manufacturers and distributors that have a wide range of capabilities and established distribution networks. 

“The US market for plant-based functional beverages and consumer products is exploding. We’re seeing exceptionally strong year-over-year growth across a number of wellness categories, and as we evolve into a comprehensive health and wellness company focused on plant-based functional beverages and natural health products, we see unlimited opportunities to bring our products and expertise to this burgeoning market,” said BevCanna Enterprises CEO Marcello Leone in a statement.  

READ: BevCanna executes definitive agreement to acquire Naturo including its $35M assets

He added: “BevCanna will now offer one of the most unique and diverse portfolios of beverage and wellness products within the cannabis, plant-based fulvic and humic, and natural health products categories. We plan to bring this strength to global markets, including the expansive US base.”

BevCanna Enterprises Inc () (OTCQB:BVNNF) (FRA:7BC) announced over the weekend that it has executed a definitive agreement with its long-time partner, Naturo Group Investments Inc to purchase all the issued and outstanding securities of the privately-held beverage group in an all-stock deal. 

Vancouver-based infused cannabis drinks giant BevCanna said that once the deal is completed Naturo will become its wholly-owned subsidiary. To complete the transaction, BevCanna will issue 50,000,000 common shares of the company to acquire all the outstanding shares of Naturo. The deal will naturally require CSE approval, due diligence investigations by BevCanna, and shareholder approval by Naturo. BevCanna will be responsible for all Naturo’s assets and liabilities once the deal is completed. 

“The joining together of these two companies will be an unbeatable combination,” said Marcello Leone, founder of Naturo and CEO of BevCanna. 

READ: BevCanna Enterprises provides recap of this week's management call, including planned Naturo takeover

1933 Industries Inc () () on Monday said it expects “substantial improvements” during fiscal 2021, with the goal of achieving cash-flow break-even and profitability by the second quarter that ends January 30, 2021.

The company made the forward-looking announcement after reporting fourth quarter and fiscal year 2020 results (both of which ended July 31) that underscored the effects of the COVID-19 pandemic on revenue and income.

For FY20, the company recorded C$12 million in revenue, compared to C$18 million in FY19. Net loss was C$22.2 million versus a loss of C$19.1 million a year before -- which includes a C$2.2 million impairment charge from discontinued operations in California.

READ: 1933 Industries signs agreement to gain 100% ownership of AMA Production

For the 4Q, revenue was C$2.4 million, compared to C$5.2 million in the previous year-ago quarter. Net loss was C$7.2 million versus a loss of C$5.7 million year-over-year. 1933 said the decrease in revenues stemmed from the continuing impact of COVID-19 restrictions in Nevada, the substantial loss of tourism due to the pandemic, and the retail limitations where the company's products are sold. 

BevCanna Enterprises Inc () () (FRA:7BC) has provided investors with the highlights and a chance to listen again to a management call given on November 24, which discussed recent developments at the cannabinoid‐infused drinks specialist, notably, the planned deal to buy partner Naturo, a landmark agreement worth C$6.5 million.

The resultant company will combine decades of consumer-packaged goods (CPG), capital markets, strategy and public company expertise from both teams and eliminate all future payment liabilities under BevCanna’s current agreements with drinks manufacturer Naturo.

READ: BevCanna Enterprises eyeing launch of Keef and Cali-Bloom products in first quarter of 2021

"The proposed combination will create the only fully licensed white-label beverage manufacturing and distribution company with the capability to manufacture and distribute both CPG and cannabis-based beverages, with a global multi-channel distribution network of traditional retail and cannabis sales channels," Bevcanna reminded investors in a statement.

Naturo brings over C$35 million of assets, including a 40,000 square foot (sq ft) beverage facility, 315-acres of cultivatable land valued at C$10.4 million, along with beverage manufacturing equipment valued at C$3.4million as of its year-end.

BevCanna Enterprises Inc () () (FRA:7BC) has signed a letter of intent to acquire Naturo Group Investments Inc, a privately held beverage company, in an all-stock deal worth C$6.5 million.

BevCanna and Naturo have operated for the past three years under an exclusive partnership, including a master license agreement that gave BevCanna exclusive access to Naturo’s 40,000-square-foot state beverage manufacturing facility and alkaline spring water source. 

The proposed combination will create a fully licensed white-label beverage manufacturing and distribution company with a global multichannel distribution network of traditional retail and cannabis sales, the company said. BevCanna will take ownership of the beverage facility and water source, as well as 315-acres of cultivable land valued at C$10.4 million and beverage manufacturing equipment worth C$3.4 million.

READ: BevCanna Enterprises eyeing launch of Keef and Cali-Bloom products in first quarter of 2021

BevCanna Enterprises Inc () () (FRA:7BC) aims to have its Keef and Cali-Bloom drinks products on shelves across Canada in the first quarter of 2021, it told investors, as the firm revealed it had submitted notice of new cannabis product (NNCP) forms to regulator Health Canada. 

In a statement on Wednesday, BevCanna also said first-round discussions with select Canadian provincial buyers are now complete and it is advancing its commercial rollout strategy and timelines. 

READ: BevCanna looking to raise gross proceeds of up to $5.0 million from a non-brokered private placement of up to 10 million units

"We’re extremely pleased with the progress that we’ve made in our commercialization plans for Keef and Cali-Bloom in Canada,” said John Campbell, chief strategic officer for BevCanna.

The firm said it is in talks with one of Canada’s leading Licensed Producers (LP) to distribute BevCanna’s products to provincial cannabis distribution boards.

BevCanna Enterprises Inc. () (FRA:7BC), has announced plans for a non-brokered private placement of up to 10 million units at an offering price of $0.50 each, to raise gross proceeds of up to $5.0 million.

“We’re very pleased with the show of confidence we’re seeing from prospective investors,” John Campbell, chief financial officer of the emerging leader in cannabis-infused beverages said in a statement.

“As we approach commercialization of our products in the Canadian market and are seeing significant progress in our U.S. cannabidiol and natural products strategy, we will use the funds to accelerate our cannabis and traditional CPG strategies in both markets. This will further solidify our leadership position within the North American beverage and natural products landscape,” he added.

READ: BevCanna partners with Naturo to launch Beyond Energy natural hemp energy drink

Each unit will consist of one common share of the company and one share purchase warrant. Each warrant will be exercisable to acquire one additional common share at an exercise price of $0.75 per share for a period two years from the date of closing of the offering. The terms of the offering are subject to acceptance of the Canadian Securities Exchange.

BevCanna Enterprises Inc () (OTCQB:BVNNF) (FRA:7BC) on Thursday announced the development of a new Beyond Energy all-natural hemp energy drink. 

The Vancouver-based infused cannabis drinks giant said the new Beyond Energy hemp energy drink launched in partnership with the Naturo Group, will be sold under BevCanna’s flagship house brand, Anarchist Mountain Beverages. 

Made with natural mineral spring water, Beyond Energy features vegan-friendly ingredients, including “natural yuzu and lime flavours, caffeine from natural tea, ginseng, B and D vitamins, and hemp seed extract, which is a functional source of omegas and promotes brain function and overall wellbeing,” said the company.

READ: BevCanna to launch “Beyond Energy” range of ready-to-mix CBD beverages

The fortified hemp seed extract formulation does not require Health Canada cannabis licensing. The company said this will allow the drink to be sold in traditional mass retail points and through e-commerce channels.

1933 Industries Inc () () announced Thursday it has signed an agreement to purchase the remaining 9% interest in AMA Production LLC, giving it 100% ownership, which includes a property in Las Vegas. 

Subject to the terms of the agreement, 1933 Industries said it will issue 3.7 million non-transferable share purchase warrants exercisable at $0.075 each and expiring on June 13, 2024. 

As part of the transaction, 1933 Industries said a total of 1,650,000 outstanding warrants and 2,050,000 options will be cancelled, and the operating agreement for Alternative Medicine Association LLC (AMA) will be amended to concede complete managerial control of AMA to 1993 Industries.

READ: 1933 Industries to close C$918,720 private placement to help refocus business strategy on Nevada

“This is another step towards putting 1933 Industries on solid footing as it continues to progress on its key initiatives,” said CEO Paul Rosen in a statement. “The Agreement provides the Company with additional operating flexibility, which, alongside the most recent capital raises, the successful amendments to the Company’s convertible debentures and the continuing increases to our cultivation capacity, moves us forward towards our goal of achieving profitability.”

BevCanna Enterprises Inc () (OTCQB:BVNNF) (FRA:7BC) on Thursday announced the development of a new all-natural “Beyond Energy” ready-to-mix line of hemp-based CBD beverage enhancers.

The Vancouver-based infused cannabis drinks giant said the new products will be sold on BevCanna’s recently acquired Pure Therapy e-commerce platform, which has over 23,000 active customers.

BevCanna said the new beverage enhancer product portfolio is symbolic of the “significant progress” the firm has made in its plans to expand a proprietary range of hemp-CBD and nutraceutical products in the global health and wellness market.

READ: BevCanna successfully completes product line-up and NNCP forms for Keef and Cali-Bloom launch in Canada

The company revealed that it has developed the flavors, functional ingredients and formats of the new beverage enhancers based on feedback from a North America-wide consumer study. The firm said it identified and measured consumer trends and preferences across Canada and the United States.

1933 Industries Inc () (), a vertically-integrated cannabis consumer packaged goods company, announced on Monday that it will close a non-brokered private placement for C$918,720 this week to raise working capital and refocus the firm’s business strategy on its core market of Nevada.

The Vancouver, British Columbia-based company said it will close the placement on November 3 by offering 13,920,000 units at a price of C$0.066 for gross proceeds of C$918,720.

The company said each unit consists of one share and one transferable share purchase warrant. Each warrant entitles the holder to buy one share at an exercise price of C$0.106 per unit for a period of 18 months from the closing date.

READ: 1933 Industries’ premium Canna Hemp brand of CBD products now available in most of the US

BevCanna Enterprises Inc () (OTCQB:BVNNF) (FRA:7BC) announced on Friday that it has moved to the final review stage for a Standard Processing Licence from Health Canada.

The Vancouver-based infused cannabis beverages giant said it submitted its Site Evidence Package to Health Canada on June 22 this year. It has now received confirmation from Health Canada that the Site Evidence Package has been assigned for final active review.

Once the company receives the licence, BevCanna said it will be fully authorized to begin production at its industry-leading high-capacity beverage manufacturing facility and expects to begin servicing its white label clients and commercializing its in-house brands through licensed Canadian retailers this winter.

READ: BevCanna successfully completes product line-up and NNCP forms for Keef and Cali-Bloom launch in Canada

“The receipt of our processing licence will be a major milestone in BevCanna’s commercial strategy and regulatory process,” John Campbell, who is the chief strategic officer for BevCanna, said in a statement.

BevCanna Enterprises Inc () (OTCQB:BVNNF) (FRA:7BC) announced on Thursday that it has successfully completed its first round of product launch discussions with select provincial buyers throughout Canada. 

The Vancouver-based infused cannabis beverages giant said that during these “in-depth” product launch discussions, BevCanna validated its strategy of delivering established US brands to Canadian consumers. Initial provincial feedback has enabled BevCanna to finalize its award-winning line-up of Keef Beverages and Cali-Bloom products, allowing the team to complete the Notice of New Cannabis Product Forms (NNCP). 

"We received excellent feedback from our initial discussions with cannabis 2.0 provincial buyers across the country on both our Keef and Cali-Bloom product lines," said John Campbell, Chief Strategic Officer for BevCanna. 

READ: BevCanna appoints beverage marketer Donald Wood to Advisory Board as it eyes expansion

"Based on this input, we've now streamlined our offerings to align with consumer tastes and provincial product demand forecasts. We've also completed the required NNCP forms for the branded products, allowing us to register them with Health Canada and commercialize them as early as 60 days from submission," he added.

BevCanna Enterprises Inc () (OTCQB:BVNNF) (FRA:7BC) said on Wednesday that it has added veteran retail beverage marketer Donald Wood to the infused cannabis beverage giant’s independent Advisory Board at a time when it is looking at rapid expansion. 

As former Canadian CEO of Arrowhead Water Products and current consultant on the bottled water market, Wood brings a wealth of sales and marketing experience in the beverage sector to BevCanna, working with such clients as Tipco Foods (Aura Mineral Water), Primo Water and CBD Naturals. 

He is a specialist in acquisitions within the bottled water sector and leverages 25 years of experience marketing international bottled water brands in the Canadian and southeast Asian markets. Prior to his role as a consultant, Wood also worked for Nestle SA in the Pure Life bottled water division and was a co-founder of Coastal Mountain Water, a North Vancouver-based residential and corporate beverage delivery company.

READ: BevCanna Enterprises successfully completes trial production runs of Keef and State B beverage lines

“We’re very pleased to have an expert of Don’s calibre join our Independent Advisory Board,” said John Campbell, chief strategic officer at BevCanna.