To make at least one thing easy in 2020, we are kicking off the Green Market Report holiday gift guide series with the best gift sets to purchase for all of the cannabis enthusiasts in your life this year! Gift sets are the perfect choice for anyone trying to work smart, not hard this year and let’s face it, we all need to take it easy this holiday season! These gift sets are great, just order, wrap, and gift – you’re done and you don’t have to stress.
There is something on this list for everyone, so if you are buying a gift for a cannabis/CBD lover – read on!
First up on our list is Nugg Club. This is a very unique gift set, and the only one on our list that has marijuana, and not hemp-derived, products! Because of this, Nugg Club delivers only locally to Orange County and most of Los Angeles, California. The cool thing about Nugg Club is that it is a subscription service, you can get a box of awesome cannabis products delivered to your door each month – no dispensary line hassle!
They’ve put together a holiday subscription service that makes gifting a box to your friends in California so much easier. Choose between a one, two, or three month membership – or you have the option to give them a $65 gift card!
A sample box received by the Green Market Report came with some really cool products, like cannabis-infused pineapple syrup with 200 total milligrams of THC by Cannavis, a box of full-sized pre-rolls, a box of mini pre-rolls, a king sized pre-roll infused with oil and kief by Cali Green Gold, spicy passion fruit cannabis-infused gumdrops by Serra, cannabis-infused hard candies by Oasis, vegan gummies by Flav with 100 milligrams of THC, as well as a Coda chocolate bar and some watermelon gummies by Elefante.
Nugg’s holiday box is a $225 value, but priced at $99 a box plus tax! Keep in mind, California has a cannabis sales tax, too, so it might come out to around $120 with tax depending on how much you purchase.
The famous CBD brand really went above and beyond this year to provide a gift set for everyone. The company has released four gift sets for the 2020 holiday season. All gift sets can be purchased directly on Charlotte’s Web’s website. Right now, they are actually having a 30% off sale on their gift sets – so run, don’t walk, and grab your set! They are all customizable and allow you to choose products that best meet yours (or your recipient’s) needs!
The Calm gift set is the set to choose for the one who has been working hard all year long. It features three CBD products: CBD gummies, an oil, and a CBD roll-on. The Calm gummies have delicious lemon balm extract infused with CBD, and the lemon balm addition is perfect for melting your stress away.
Choose a 60 milligram bottle of CBD oil in your recipient’s desired flavor, plus a hemp-infused roll-on! The Calm gift set starts at $164.97 when there isn’t a sale happening. This is the perfect set for anyone dealing with extra stress, and you’d be hard-pressed to find someone who doesn’t need a little calm right now!
The Sleep gift set is perfectly designed to help the ones in your life who need a good night’s rest – or a few good nights of rest! Give the gift of great sleep this year, who wouldn’t appreciate that?
This contains delicious CBD gummies infused with melatonin and you can choose between a 30, 60, or 90 count! You can also choose 60 milligram CBD oil in orange blossom, lemon twist, or mint chocolate. Select a hemp-infused roll-on with the choice of two soothing scents: lavender or mint. The sleep set retails at $164.97 without the sale!
The Recovery set is the gift for anyone needing a little R&R! Choose between a CBD balm or a stick version of the balm for on-the-go recovery. The balms are thicker in consistency than the roll-ons in the other set, so it’s perfect for lathering on those sore muscles. Like the other sets, you can choose between a 30, 60, or 90-count jar of gummies and your choice between a lemon twist, orange blossom, or mint chocolate flavored CBD oil.
This set retails for $139.97 when the gift sets aren’t on sale. You have your choice between a 60 or 90-count bottle of the Recovery or Sleep gummies, a few different sizes of CBD oils and flavors, as well as your choice of a cream or balm CBD topical. This is perfect for couples to enjoy the experience of using CBD – together.
LEVEL SELECT is the gift set to choose for any athlete in your life! Seasoned athletes, beginner athletes, and weekend warriors alike will treasure this gift set like gold. All of the products are hemp-derived, so no worries about getting any sort of psychoactive effect like with marijuana. This set features Level 2 CBD oil drops and the brand’s Level 3 Sports Cream.
This brand is a favorite of many athletes, including PGA golf pro Rickie Fowler, former NFL quarterback Carson Palmer, and WNBA legend Ann Myers Drysdale. The LEVEL SELECT gift set retails for just under $100 at $99.99, a fabulous deal for anyone!
Be Merry and Well by Caliva
Caliva’s Be Merry and Well gift set is the perfect one for the amazing people in your life who need self-care. You know the ones. The hardworking, never stopping, hustling people in your life, they are the ones who need this set.
This set is truly an unbeatable price, retailing for only $50 – making it the lowest price gift set on this list!
For just $50 you’ll receive a CBD moisturizing serum to refresh and soften skin, a luxurious CBD bath bomb, and a fun tote and a cosmetics bag! This is also the perfect Secret Santa gift that requires you to stay under $50! Skip the traditional candles and holiday coffee mug this year and grab this gift set instead for your next holiday party.
Martha Stewart’s CBD Sampler
Who doesn’t love Martha Stewart?! She has an incredible CBD gummy sampler pack featuring a whopping 15 different flavors. The set retails for $64.99 and the 60 gummies feature a CBD isolate extract, so no worries of THC!
Each gummy is 10 milligrams and comes in a delicious, gourmet fruit flavor. There are some truly mouthwatering flavors like red raspberry, green apple, and strawberry, as well as some more unique flavors like rhubarb, persian lime, passionfruit, and grapefruit.
This is the perfect set for any Martha Stewart fan in your life, or simply someone that loves a great, thoughtfully-crafted CBD gummy! The gourmet flavors are sure to be a hit for any palate, and the box is so beautifully designed that it would even look nice on your countertop.
Charlotte’s Web Holdings, Inc. (TSX: CWEB) (OTCQX: CWBHF) reported financial results for the third quarter ended September 30, 2020, with revenue rising to $25.2 million versus$25.1 million in 2019 and on target for the Yahoo Finance average estimate. The net loss was $6.6 million which was high than last year’s net loss of $1.3 million. The company also reported that the earnings per share were ($0.05) which was in line with the Yahoo Finance average analyst estimate.
The company blamed lower B2B sales which were 29.2% lower year-over-year, accounting for 33.7% of total revenue in the quarter. On a positive note, DTC (direct to consumer) net sales grew by 27.5% year-over-year as online traffic and high conversion rates increased through ongoing marketing and social media programs. Charlotte’s Web said year-over-year new consumer acquisitions increased 52% and conversion rates increased 98%. DTC net revenue accounted for 66.3% of total revenue in the third quarter compared to 52.2% for the same period in the prior year. Sequentially, though, the third quarter was an improvement over the second quarter as revenue increased for both DTC by 8% and B2B by 39%.
“The strength of our leading e-commerce sales continued to offset slower B2B retail sales during the pandemic,” said Deanie Elsner, CEO of Charlotte’s Web. “Within our B2B business, we are seeing signs of improvement with a return to consecutive quarterly revenue growth of +36%, led by the natural channel +20%, and the health care practitioner channel +101% quarter-over-quarter. In addition, we continued to expand our footprint in terms of distribution in Q3 by adding nearly 1000 new doors to our retail footprint, including natural retailers, nearly 300 independent pet stores and approximately 500 new F/D/M retail doors.”
Charlotte’s Web did say that operating expenses jumped 44% to $28.3 million over last year’s $19.6 million. The company attributed the increase to its investments in capacity expansion and transition to a consumer-packaged goods operating company capable of supporting mass retail channel growth. In response, management said it has taken actions to better align operating expenses and initiated an expense optimization program targeting reductions of more than 10% of the consolidated expense run rate by the end of 2020. The company used $21.5 million of cash in operations during the third quarter of 2020 compared to $9.6 million of cash used in operations during the third quarter of 2019, primarily due to the increase in changes in working capital.
The company’s cash and working capital on September 30, 2020, were $65.9 million and $128.6 million, respectively, compared to $68.6 million and $116.9 million on December 31, 2019.
The stock was lately trading at $3.80, far below its 52-week high of $12.99.
It’s time for your Daily Hit of cannabis financial news for October 9, 2019.
On the Site
The Green Organic Dutchman
The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (US: TGODF) is looking for a new source of funding to complete construction at its Ancaster, Ontario facility. The company had planned on using a traditional commercial bank facility but said that as market conditions have changed, the terms were no longer acceptable.
Kosher Cannabis For The Holidays
Can cannabis be kosher? The short answer is yes, at least if you smoke it. According to Chabad.org, “The answer really depends on how you define the word “kosher. Most narrowly defined, kosher means that it contains no ingredients that were from non-kosher animals, milk and meat, or other substances proscribed by Jewish law.”
Charlotte’s Web Holdings
Charlotte’s Web Holdings, Inc. (TSX: CWEB) (OTCQX: CWBHF) announced today that it is partnering with the data and measurement firm Nielsen (NYSE: NSLN) to provide analytical coverage of the U.S. hemp-CBD retail market. Recently, Nielsen has been dipping its toes into the hemp and cannabis space by entering into strategic partnerships with cannabis-focused data and analytics firms like Headset and by developing a suite of cannabis measurement capabilities
In Other News
Innovative Industrial Properties
Innovative Industrial Properties, Inc. (IIP) has closed on an acquisition of a 156,000 square foot property in Warren, Michigan for $19 million. Following the closing of the acquisition, the company has also entered a long-term, triple-net lease agreement with LivWell Michigan, LLC, a licensee of LivWell Holdings, Inc. LivWell will make approximately $42 million worth of improvements on the property and IIP has agreed to provide reimbursement of up to $23.0 million.
Zelda Therapeutics Limited (ASX: ZLD) (OTCQB: ZLDAF) announced a proposed merger with Ilera Therapeutics LLC, which entered into a strategic partnership with Zelda in March of this year. Under the proposal, Zelda would acquire 100% of Ilera Therapeutics through an all-scrip transaction. If the proposed merger goes through, the companies will rebrand as Zelira Therapeutics Limited. “The merger will create one of the world’s leading medicinal cannabis companies with a rich pipeline of clinically validated products under development and unique access to the world’s largest and fastest growing cannabis markets,” says Zelda Therapeutics Chairman Harry Karelis.
New Frontier Data
New Frontier Data has reached an agreement to acquire Zefyr Inc. , a cannabis-focused data discovery and profiling platform, for $10 million. Zefyr acquires data from various sources and ingests, normalizes, analyzes, and deploys data and associated informational solutions through artificial intelligence. “Today, as mature market entrants move beyond examining investment risks and opportunities to connecting with the cannabis consumer, Zefyr enables us to expand and deepen our data services to support these evolving cannabis data needs,” said New Frontier Data Founder and CEO Giadha Aguirre de Carcer.
It’s time for your Daily Hit of cannabis financial news for August 14, 2019.
On the Site
Zenabis Global Inc. (TSX: ZENA) (OTC: ZBISF) reported that its second-quarter net revenue rose 78% to $25 million from last year’s $4.1 million for the period ending June 30, 2019. The company said that the results were achieved “despite being negatively impacted by temporary price reductions on inventory sold to provincial counterparties designed to help Zenabis to capture a larger share of the recreational cannabis market.”
Charlotte’s Web Holdings, Inc. (TSX: CWEB)(OTCQX: CWBHF), a producer of whole-plant CBD hemp extract products, reported its financial results for the second quarter ending June 30, 2019. The company’s revenue grew 45% to $25 million over last year’s $17.2 million for the same time period. The net income fell to $2.2 million from last year’s $3.7 million.
Who’s Really Buying CBD? And Why?
If you’re asking yourself who’s buying CBD products, just take a stroll to your local grocery store and mosey over to the vitamins and supplements section. Prepare to be overwhelmed by the thousands of nutraceutical “wellness” products filling the shelves – everything from melatonin chocolates for sleep-aid to echinacea for immune support – and yes, very recently products containing the compound that’s outshined Beyonce in popularity, CBD.
In Other News
Today, Jushi Holdings Inc. released its financial results for the second quarter. Year-over-year, revenue for the quarter increased to approximately $200,000, and the gross profit was roughly $200,000. The net loss increased to $11.8 million, up considerably from $100,000 in the same period of the previous year. Despite low earnings and high losses, the company has a net working capital of $95.4 million, of which $86.7 million is in cash.
Sundial Growers Inc. (NADAQ: SNDL) has released their financial results for the second quarter. Gross revenue was $20.3 million. The net loss declined from $16.6 million in the first quarter to $12.4 million. Adjusted EBITDA was a loss of $500,000, up from a loss of $5.5 million. “Sundial accomplished great things this past quarter and our team’s solid execution across key areas of our business resulted in significant revenue growth,” said Torsten Kuenzlen, CEO of Sundial. “We are very confident in our go-to-market strategy, our strengthened balance sheet and our ability to execute upon organic growth opportunities.”
The Green Organic Dutchman
After the close of the market yesterday, The Green Organic Dutchman Holdings Ltd. (TSE: TGOD) reported their financial results for the second quarter. Revenue rose 20% over the previous quarter to $2.9 million. The net loss rose from $8.5 million in the previous year to $16.6 million. “Q2 was pivotal for the Company as we began commercial production in the second phase of our Hamilton site and expanded our product line for the Grower’s Circle,” commented Brian Athaide, CEO of The Green Organic Dutchman.
Today, Helix TCS, Inc. (OTCQB: HLIX), announced the release of its financial results for the second quarter. Quarterly revenue was $3.9 million. The gross profit was $1.9 million, with a gross margin of 49%. “We feel that we are still deeply undervalued due to our focus on execution as opposed to publicity, and are working to tell the simple truth of our constantly improving business and strong results,” said Helix TCS CEO and Executive Chairman, Zachary L. Venegas.
HempFusion, Inc. closed a brokered and non-brokered private placements of a total of 28,800,000 units of the Company at a price of US$1.25 per Unit for gross proceeds of US$36 million. The brokered portion of the Offering consisted of the sale of 26,227,650 Units for aggregate gross proceeds of US$32,784,563 and was completed by a syndicate of agents led by Canaccord Genuity Corp. and including Haywood Securities Inc. and PI Financial Corp. Due to demand, the Offering was upsized from US$20 million to US$36 million.
It’s time for your Daily Hit of cannabis financial news for June 19, 2019.
On the Site
Charlotte’s Web Holdings
Charlotte’s Web Holdings, Inc. (TSX:CWEB)(OTCQX:CWBHF) reported its final hemp planting for its 2019 growing season. The company said that in order to meet growing demand the total acres planted for 2019 has been increased to 862, an 187% increase from 300 acres planted in 2018.
CannTrust Holdings Inc. (NYSE: CTST) shares popped over 5% in early trading on news that the company had formed a joint venture with California hemp grower Elk Grove Farming Company. CannTrust is a Canadian cannabis company founded by pharmacists and this would be the company’s entry into the United States. The company said it expects to invest roughly $20 million in the operation by the end of 2020. The shares were lately trading at $5.22.
Executive Spotlight: Kraig Fox, President & CEO of High Times Holdings
Not Even Close To OK !!! California, Cannabis & IBI (Inherent Bureaucratic Ineptitude)
The Times article describes yet another band-aid the Legislature is slapping on California’s maladroit roll-out of cannabis regulation. This particular band-aid is an emergency extension of time through a budget Trailer Bill. The Bill, which is opposed by environmental groups, extends provisional licensing.
In Other News
Canopy Rivers Inc. (TSXV: RIV) (OTC: CNPOF) announced that has made a $10 million investment and has entered into a strategic collaboration with ZeaKal Inc. ZeaKal is a California-based company with with proprietary technologies that reportedly increase photosynthesis, improve plant yield and enhance nutritional profiles for a variety of crops. “Our investment in ZeaKal, the fifth consecutive international transaction for Canopy Rivers, builds on our thesis of selecting globally scalable and innovative processes, products, and technologies from complementary industries, and applying them to the cannabis and hemp economy,” said Mary Dimou, Director of Business Development at Canopy Rivers.
Green Flower Media
Green Flower Media today announced that it has closed a $20 million Series A financing round. The financing round was led by Tuatara Capital and additional funding came from Poseidon Asset Management and Phyto Partners. The proceeds from the round will go towards developing new certificate programs, creating new content for its subscription service, expanding the company’s team, and forming strategic partnerships.
Innovative Industrial Properties
Innovative Industrial Properties, Inc. announced that it entered into an amendment of the lease with Green Peak Industries, LLC, largest vertically integrated medical-use cannabis license holder in Michigan. The amendment will make available an additional $18 million for Green Peak to expand its cultivation and processing facilities at 10070 Harvest Park in Dimondale, Michigan. “We are thrilled to expand our real estate partnership with one of the premier medical-use cannabis operators in the state of Michigan, another example of our position as a long-term real estate capital partner that our tenant operators can count on,” said Paul Smithers, President and CEO of IIP.
It’s time for your Daily Hit of cannabis financial news for May 29, 2019.
On the Site
Acreage Holdings, Inc. (ACRG-U.CN) (ACRGF) reported financial results for the quarter ending March 31st, 2019 with revenue rising 487% to $12.9 million, but the company also delivered a whopping net loss of $31.2 million. Looking at pro forma results, the revenue would have been $33.1 million and the adjusted net loss would have been $15.5 million.
Special Report: Current Issues in Marijuana Regulation – Veterans Struggle to Gain Access to Medical Marijuana
Thirty-three states and the District of Columbia have enacted medical marijuana programs. Despite this expansion military veterans often face greater obstacles to gaining access to medical marijuana than other groups.
Another Delay for New Jersey Cannabis Legalization
An ongoing political saga took another unpredicted turn this month. After over a year of building momentum, hopes for a legislative vote on legalizing the adult-use of recreational cannabis have once again faded.
In Other News
Charlotte’s Web Holdings
Charlotte’s Web Holdings, Inc. (CSE: CWEB) (OTCQX: CWBHF) announced that it has received conditional approval to list its common shares on the Toronto Stock Exchange (TSX). The company anticipates that it will begin trading as of market open on May 31, 2019. As part of its listing on the TSX, the company will delist its stock on the Canadian Securities Exchange at the close of the market on May 30, 2019. “As the market leader in hemp CBD extract products, we are very proud to be the first US-based hemp company to receive a senior listing on a major exchange such as the TSX,” said Joel Stanley, Chairman and Co-Founder of Charlotte’s Web. “The TSX is Canada’s most senior exchange and a tremendous validator of our company’s corporate governance and evolution.”
Origin House (CSE: OH) (OTCQX: ORHOF) released today their financial results for the first quarter of 2019. Revenue for the quarter was $11.2 million, the gross margin was $1.7 million, and adjusted EBITDA was $12.7 million. As of March 31, 2019, the company had $39.3 million in cash and approximately $269.4 million in assets. On Jun 11, 2019, Origin House will hold a special shareholders meeting regarding Cresco Labs Inc.’s previously announced acquisition of all of the company’s issued and outstanding shares.
TREC Brands Inc. announced the launch of two brands, WINK and Blissed, and a $10 million private placement. Blissed is a female-focused cannabis oil brand and WINK is TREC’s second luxury cannabis brand. “We are proud of the premium nature of our organization and our actions to create an industry-wide movement around community support,” says Trang Trinh, CEO, TREC Brands. “With Blissed, the goal is to uplift the modern woman through education and content that complements her lifestyle, while giving back to causes in her neighborhood that matter.”
MedMen Enterprises Inc. (CSE: MMEN) (OTCQX: MMNFF) today released their financial results for the third quarter for the 2019 fiscal year. Revenue rose by 22% to $36.6 million. The gross profit margin after biological asset adjustment was 53.7%. For the quarter, the company reported an adjusted EBITDA loss of $42.6 million and a net loss of $63.1 million. “Over the past nine years, MedMen has built the most valuable retail brand in the cannabis industry by taking advantage of the land grab opportunity and scaling with speed to secure as many flagship assets as possible,” said Adam Bierman, MedMen co-founder and chief executive officer. “We continue to march onward towards profitability.”
It’s time for your Daily Hit of cannabis financial news for May 9, 2019.
On the Site
Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) reported financial results in Canadian dollars for the first quarter ending March 31, 2019, with net revenue rising 129% to $6.5 million from $2.9 million for the same time period in 2018. The rise in revenue was due to the addition of adult use sales in Canada. Net revenue increased 15% sequentially from $5.6 million in the fourth quarter of 2018.
3 Ways to Buy Into Marijuana Stocks Without the Risk
Sure, these stocks won’t rise as much as some of the pure marijuana stocks. But, you know what? They won’t fall as much either and they’ll still be able to reap potential billions in revenues derived from cannabis. With that, here are the 3 top partners of the marijuana stocks and why you should focus on them.
Just two months after announcing the launch of Arcadia Specialty Genomics™, a new cannabis-dedicated division of agricultural crop improvement, the company has released images of its first crop of sun-grown, Hawaiian hemp. Arcadia’s new cannabis unit, cultivates six Hawaiian hemp strains on its 10-acre Hawaiian facility.
In Other News
Charlotte’s Web Holdings
Charlotte’s Web Holdings, Inc. (CSE: CWEB) (OTCQX: CWBHF) announced the pricing of its previously announced underwritten public offering 7 million common shares at C$20 per share. The offering should raise approximately C$140 million. As the shares are being sold by current shareholders, the company will not receive the proceeds from the offering. The selling shareholders have additionally granted underwriters a 30-day option to purchase another 15% of the common shares offered in the proposed public offering. Canaccord Genuity Corp. will act as the sole bookrunner for the offering.
Alternate Health Corp., (CSE: AHG) (OTCQB: AHGIF) is looking to expand into Latin America. Today the company announced that it has entered into a joint venture agreement with Oltecate Enterprises, a COFEPRIS-licensed Mexican CBD distributor. Under the agreement the parties will establish a Mexican corporation with the name of Alternate Health Latin America S. de. R. L. de. C.V. (“AHLA”). Alternate Health will own 55% of the company and Oltecate will own 45%. Upon closing, Federico Cabo, owner of Oltecate Enterprises, will receive 1,500,000 common shares of Alternate Health.
Terra Tech Corp. (OTCQX: TRTC) announced its financial results for the third quarter ending on March 31, 2019. Year-over-year, revenue for the quarter declined from $8.6 million in 2018 to $7.4 million. Management credited the decline in revenue to higher tax levels in the state of California, which depressed sales figures. Nevertheless, the company’s net loss for the quarter also declined, falling from $12.2 million in the first quarter of 2018 to $5.1 million. Likewise, the gross margin grew from 36.2% to 54.4%.
Neptune Wellness Solutions
Neptune Wellness Solutions Inc. (NASDAQ: NEPT) (TSX: NEPT) has signed a definitive agreement to acquire all of the assets of SugarLeaf Labs, LLC and Forest Remedies LLC, a registered North Carolina-based commercial hemp company providing extraction services and formulated products, for $150 million. Included in the acquisition is a 24,000 square foot hemp production facility capable of producing 1.5 million kilograms of hemp annually. Under the agreement, Neptune will pay $12 million in cash and $6 million in common shares upon closing. Depending on the fulfillment of certain milestones, Neptune will pay an additional $132 million over the next three years in a combination of cash and common shares. The transaction is expected to close on or around July 31, 2019.
The Green Market Report focuses on the financial news of the rapidly growing cannabis industry. Our target approach filters out the daily noise and does a deep dive into the financial, business and economic side of the cannabis industry. Our team is cultivating the industry’s critical news into one source and providing open source insights and data analysis