Delta, Kelowna, BC – May 26, 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 #569, Cannabis News and Stocks on the Move; (NASDAQ: ACB) (TSX: ACB) (CSE: AAWH.U) (CSE: HARV) (OTCQX: HRVSF) (TSXV: NOVC)
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.
In today’s podcast we look at a few public company announcements.
Aurora Cannabis Inc. (NASDAQ: ACB) (TSX: ACB), the Canadian company defining the future of cannabinoids worldwide, announced that it has completed the transfer of its stock exchange listing to The Nasdaq Global Select Market (“Nasdaq”) from the New York Stock Exchange (“NYSE”) after the market close on Monday.
The Company’s common stock began trading as a Nasdaq-listed security at market open on May 25, 2021 and will continue to be listed under the ticker symbol “ACB.” This transition does not impact the Company’s primary listing on the Toronto Stock Exchange (TSX: ACB). Aurora shareholders DO NOT need to take any further action.
Transfering the listing to the Nasdaq is part of Aurora’s recently announced cost efficiency initiatives and aligns the Company with other cannabis peers on an exchange known for innovative and growth-oriented companies.
The last day of trading of the Company’s common stock on NYSE was May 24, 2021.
Harvest Health & Recreation Inc. (CSE: HARV) (OTCQX: HRVSF), a vertically integrated cannabis company and multi-state operator in the U.S., today announced the opening of a new medical dispensary in York, Pennsylvania.
Harvest of York is located at 2300 E Market St, York and is open Monday through Saturday from 9:00 am to 8:00 pm and Sunday from 10:00 am to 6:00 pm. Additional Harvest dispensaries in Pennsylvania are located in Camp Hill, Cranberry Township, Harrisburg, Johnstown, King of Prussia, Reading (two locations), Scranton, and Whitehall.
“We are excited to open our tenth Harvest-affiliated location in Pennsylvania, one of the fastest growing medical markets in the U.S.” said Chief Executive Officer Steve White. “We look forward to serving patients and providing quality products at this new location in one of our core markets.”
Ascend Wellness Holdings, Inc. (CSE: AAWH.U), a multi-state, vertically integrated cannabis operator, and Edie Parker, a luxury fashion brand known for its vintage-inspired clutches and handbags, today announced an exclusive wholesale licensing agreement to bring the most coveted products from Edie Parker’s sister brand, Flower by Edie Parker, to AWH retail locations in Illinois and Massachusetts.
The agreement will allow AWH to produce Flower by Edie Parker pre-rolls for sale at AWH’s retail locations in two cannabis markets expected to nearly triple in size between 2020 and 2022, according to data from CB Insights and state reports. Flower by Edie Parker first expanded beyond California earlier this year with the launch of sales in Colorado, their presence now spanning four states with the addition of Illinois and Massachusetts. This agreement reinforces AWH’s position as an industry-leading operator on the forefront of bringing popular West Coast brands to Midwest and East Coast markets.
“Edie Parker is a nationally-recognized, celebrity-backed brand and we’re thrilled to bring products from its cannabis-centric sister brand, Flower by Edie Parker, to our consumers in the Midwest and East Coast,” said Abner Kurtin, Chief Executive Officer of AWH. “This partnership provides Ascend with a unique opportunity to expand key product categories such as pre-rolls and target the rapidly growing female consumer sector. We are continuously working to diversify our Ozone offering and meet the distinct preferences of all consumer segments, and we’re delighted to introduce a female-focused brand to our Midwest and East Coast clientele.”
“Partnering with AWH allows us to bring our line of attractive and considered cannabis products to new audiences and empower even more modern consumers to openly celebrate the role that cannabis plays in their lives,” added Brett Heyman, Founder and Creative Director of Flower by Edie Parker. “As an East Coast resident, I’m proud to finally share Edie Parker’s distinct product line with my own community of cannabis enthusiasts.”
AWH and Edie Parker are eager to provide the market’s sophisticated, fashion-forward female cannabis consumer segment with an ultra-luxury brand and product line that caters to their interests. The female demographic now represents the fastest-growing consumer segment in the cannabis industry despite being underserved by the market. Women accounted for only 35% of legal cannabis sales in 2019, but their market share increased 1.6% year-over-year to 36.6% in 2020. The arrival of Flower by Edie Parker products to AWH retail locations will help meet the growing demand for female-centric brands and products to better serve female consumer demographics.
“As a newly listed company, Nova’s inclusion in the THCX is a strong validation of our business strategy and unique, focused position within the retail cannabis landscape,” said Darren Karasiuk, CEO of Nova. “We are excited that through the THCX ETF, more US and international investors will gain exposure to our strategy, which is purpose-built to disrupt cannabis retail in Canada by delivering an unparalleled value proposition to the high-volume, value-conscious consumers that makes up the majority of the cannabis marketplace.”
Nova is one of Canada’s largest and fastest growing cannabis retailers with a goal to disrupt the cannabis retail market by offering a wide range of high-quality cannabis products at every-day best value prices. The Company currently operates more than 55 locations across Alberta, Ontario, and Saskatchewan primarily under its Value Buds and Nova Cannabis banners. The Company is majority owned by Alcanna Inc. (TSX: CLIQ).
The THCX tracks the Innovation Labs Cannabis Index, a portfolio of 33 stocks that are expected to benefit from the growth of the legal global marijuana, cannabidiol (“CBD”) and hemp industries. Nova’s inclusion in the index is part of THCX’s further expansion into various cannabis sub-themes, including Nova Cannabis’ unique value-focused retail position. At the core of Nova’s strategy is the recognition that inside the four walls of a retail store is the only place where brands will be built and the unparalleled value and prominence that brings to the retail sector of the cannabis market.
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