Cannabis Stocks To Get You Your Money's Worth | Cannabis Daily 18, 2021

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Episode Summary:

Hosted & Produced By:

Elliot Lane

Aaron Thomas

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Unedited Transcript:

Hey, y'all it is Elliot lane with cannabis daily. I have been out of pocket since I believe it was last Tuesday with Benzing as cannabis capital conference. We hosted many industry leaders and investors and those. Uh, jumping into the space, if you will, in New York city for a couple of days at the end of last week, if you want to check out that content, please head to Benzing as YouTube or head to BZ cannabis.com.

Some incredible discussions happen there would love your all's feedback. Hit me up at [e-mail], but let's jump into the point of our podcast today. Cannabis stock picks and news. Quite a bit of it much more today than there was last Monday. I'll tell you that. Uh, so let's jump in that's Oxley.

They are a Canadian-based LP reaches number six in total cannabis sales in Canada for Q3 2021. That's a pretty big jump for them, uh, in terms of. The expectations they're setting more than anything else. Uh, numbers wise, uh, you know, it, it's probably a respectable jump, but I think in terms of the visibility, they're trying to set the expectations they're trying to set and who they want to be considered.

Uh, as a competitor to, I like this press release. I liked the competition as a CPG company, and I look for more from them, uh, in Q4 and 2020. Can tab that is CT a B F a company that, uh, is really known for harnessing cannabinoid and terpene blends in pill form. Uh, there a therapeutic company announces a new partnership with 36 8 technologies.

That is a company that leverages data, uh, for pharmaceutical companies and drugs for doctors, nurses, et cetera. So, uh, they're gonna market their, uh, pills for them. So I think that's a good partnership for canteen. Hexo that's H E X O on the NASDAQ announces the departure of CEO and COO their CEO was Sebastian.

Um, he was also a co-founder. So been there from the start Hexo is one of the OGs in Canada in this space. I love what he did at the company, but, um, I also think it was time for a change. They were not on a positive trajectory. Uh, they did make some interesting acquisitions, some interesting investors. And I love their sustainability effort.

Uh, but overall Hexo, uh, just could not seem to right the ship. So, uh, Seb taking a step down there, um, you know, interested to see where he goes, as well as, uh, who Hexo brings in after him. I I P R that's innovative industrial properties acquires a California property for 51 million. That is a 201,000 square foot industrial property for gold flora.

They are a private, but well-respected California brand. I think I, I P. Gets their money's worth from this valance company enters into Quebec, the third largest cannabis market in Canada. Uh, about 15%, uh, of, of Canadians and users there. Um, overall kind of a broad stroke here for Valens. We'll see how this plays out for them, but, uh, they have been very busy.

Uh, fighting for as much market share as possible. A lot of partnerships with LPs coming out recently. Uh, so I always like keeping an eye on them to see what's next high tide hit. I entered into a revolving credit facility with ATB financial of up to 25 million. And here's the kicker for me at less than 6%.

So a solid facility for. Vexed VE XTF known for being a leading brand portfolio in Arizona, secures a manufacturing license in Ohio and moves toward vertical integration in the state. I think when you look at the MSLs and the state, like Jewishy, uh, like some of the other ones, perhaps a body of. Um, they have not had as much competition recently, but a company like vexed coming in there should put them on edge a little bit.

In my opinion, vexed is a well-respected public company in this space, especially in the manufacturing side, uh, concentrates, et cetera. So, you know, an interesting move there and I I'd love to see. Uh, how this plays out market share wise, New Jersey announces 14 new medical marijuana licenses on Friday, as we probably all heard this includes who was also at the Benzinga cannabis capital conference.

Uh, and last but not least for the news aspect, Drake invests in Toronto based pot company, bull rider just a few months after his partnership with canopy ends. So a lot of news today, I think high tide is probably a winner with their credit facility. The Hexo news is positive news to me. Um, I think ultimately IPR will, will again, continue to get their money's worth.

So I think ultimately, yes. Uh, positive news in the industry. And as we move into MJ business week, I think you'll see a lot more announcements come out with companies, trying to take the spotlight and trying to be the winner of the week. Uh, so stay tuned y'all to bending as coverage of the industry and of the week benzinga.com/cannabis.

This is Elliot lane as always thanks to Benzinga and Aaron Thomas we'll do this again. Uh, definitely Wednesday, if not tomorrow, as well as we will be in transit to MJ biz, but we will try and get one in for you. Thanks all. We'll see you soon.

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