Delta, Kelowna, BC – May 13, 2021 (Investorideas.com Newswire) www.Investorideas.com, a global news source covering leading sectors including marijuana and hemp stocks and its potcast site, www.potcasts.ca release today’s podcast edition of cannabis news and stocks to watch plus insight from thought leaders and experts.
Listen to the podcast:
Investor Ideas Potcasts #564, Cannabis News and Stocks on the Move; Interview with Danny Keith of Eighth Icon – manages the Cheech and Chong Cannabis Brands
Today’s podcast overview/transcript:
Good afternoon and welcome to another episode of Investorideas.com “Potcast” featuring cannabis news, stocks to watch as well as insights from thought leaders and experts.
Today’s podcast is sponsored by Phyto Extractions Inc. (CSE:XTRX), an agricultural-scale cannabis extraction, distillation and product manufacturer located in Langley, BC at its co-located Health Canada Licensed Standard Processing (extraction, no cultivation), Sales (extracts, topicals, and edibles) through Adastra Labs Inc. and Analytical Testing Laboratory through Chemia Analytics Inc. Adastra Labs also has a pending Health Canada R&D license amendment.
In today’s podcast Investorideas interviews Danny Keith, President, Co-Founder of Eighth Icon which manages the Cheech and Chong cannabis brands, where we discussed opening Cheech and Chong Dispensoria’s during COVID-19, implementing proprietary delivery technology with Cheech and Chong’s Takeout, all while using the cannabis icon’s Cheech and Chong’s legacy of over 50 years together.
Danny Keith is a lifelong cannabis user, Chong family friend/business partner and founder of Cannabis Club TV which he recently sold in 2019. He brings decades of entrepreneurship to the company and can readily identify market trends and apply them with incredible accuracy. His career spans Action Sports, NBA, Mobile App Development, Startups, Non-Profit, Internet Ecommerce, Retail Hardtop and Social Media based businesses.
Discussing the launch of Cheech and Chong’s Takeout and their upcoming Dispensaria’s, Keith commented, “We came together about a year ago and decided to put together this company, with the intent of standing up the Cheech and Chong brands in a way that they deserved and not just a money play, but really to establish a legacy for them within the cannabis space. Whether they realize it or not, they were the pioneers of the weed “Icon” status. We saw the opportunity to bring everything into one house that is effectively able to market, distribute and sell product seed to sale, while also offering a delivery component which is what Cheech and Chong’s takeout is, and eventually the Cheech and Chong’s Dispensaria which we are the one one yard line for one of our locations, which is very exciting.”
Discussing launching during COVID-19 specifically, Keith commented, “There was no need for us to go stand up a dispensary during COVID because we didn’t have a customer base.Those dispensaries that had customer bases were able to pivot to curbside pickup, delivery, etc. For us we realized that we were going to focus on our delivery technology and on our actual flower touching products.”
Keith continued, “Respective to the delivery component, we’re not trying to become a delivery company. What we’re trying to do is to help drive delivery business to our delivery partners and to our retail partners doing delivery and in store pick up. At the end of the day we just want to be able to send traffic to our partners in our own ecosphere. The benefit of working with the Cheech and Chong brand is we have a marketing tool worth millions of dollars, We have an unfair advantage there. With our delivery component, what we’re really looking to do is, utilizing technology that we’re developing, be able to understand the metrics of whats going on within our delivery business. How long are our deliveries taking? How much inventory is being held? What category is selling best? The emergence of data is what will change the cannabis space as we continue to move forward, so we are future proofing ourselves and leaning into that.”
Keith went on discuss his personal history with cannabis and Cheech and Chong, what’s next for Eight Icon, as well as his thoughts on the industry as a whole moving forward.
To find out more information about Eight Icon visit their website here
Once again, today’s podcast is sponsored by Phyto Extractions Inc. (CSE:XTRX), an agricultural-scale cannabis extraction, distillation and product manufacturer located in Langley, BC at its co-located Health Canada Licensed Standard Processing (extraction, no cultivation), Sales (extracts, topicals, and edibles) through Adastra Labs Inc. and Analytical Testing Laboratory through Chemia Analytics Inc. Adastra Labs also has a pending Health Canada R&D license amendment.
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