Henry's Original Archives - Green Market Report

William SumnerWilliam SumnerAugust 1, 2019
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5min8440

It’s time for your Daily Hit of cannabis financial news for August 1, 2019.

On the Site

Executive Spotlight: Jamie Warm, CEO and Co-Founder of Henry’s Original

Jamie Warm is the CEO and Co-Founder of Henry’s Original. Despite the young age of the legal industry, Jamie has only had one career: growing cannabis. At Henry’s Original,  his responsibilities include setting the overall strategic vision of the company, driving retail penetration and nurturing the financial health of the company.

Tribune Publishing Enters Agreement With The Fresh Toast For Cannabis News

The medical and recreational marijuana industry just received a major boost with consumers.   Like Walmart, Kroger, CVS, Amazon, and other retailers embrace CBD, now mainstream media is working to give consumers the knowledge on how to use and where to shop.   Tribune Publishing Co. (NASDAQ: TPCO), the owner of the Chicago Tribune, NY Daily News, Orlando Sentinel, South Florida’s Sun-Sentinel, Hartford Courant and more along with syndicating content to over 500 United States newspapers, has entered a partnership with The Fresh Toast, one of the largest cannabis media companies in the industry.

Nielsen Predicts Legal Cannabis Sales In The U.S. To Reach $41 Billion By 2025

Cannabis was featured in Nielsen Company’s Total Consumer Report 2019, with the data and information company predicting the sales of cannabis consumer packaged goods to rise 5x that 2018’s sales. They forecast that the sales of all legalized cannabis products in the U.S. could reach $41 billion by 2025.

In Other News

Aphria

Today, Aphria Inc. (TSX: APHA) (NYSE: APHA) announced their financial results for the fourth quarter, ending on May 31, 2019. Net revenue was C$128.6 million, up 75% from the previous quarter. Revenue from adult-use cannabis was C$18.5 million. Adjusted EBITDA from cannabis operations was C$1.9 million. The net loss was C$15.76 million.  “It’s a new day at Aphria. Our team’s solid execution across key areas of our business resulted in strong adult-use revenue growth and a profitable fourth quarter,” stated Irwin D. Simon. “Over the last six months, our organization identified immediate priorities to help generate substantial progress near-term and long-term.”

Harvest Health & Recreation

Harvest Health & Recreation, Inc. (CSE: HARV) (OTCQX: HRVSF) today preannounced its unaudited revenue for the second quarter. Revenue is estimated to be between $26-$27 million, and between $75-$77 million when counting pending acquisitions of Falcon, Verano, CannaPharmacy and Devine Holdings and the closed acquisitions of Leaf Life and Urban Greenhouse. The company will release its full financial results on August 15, 2019.

Cadiz Inc.

Cadiz Inc. (NASDAQ: CDZI) announced that it has entered a joint venture partnership with Glass House Farms, which is a division of California Cannabis Enterprises. Operating under the name SoCal Hemp Co., up to 9,600 acres of hemp will be cultivated at Cadiz Ranch in San Bernardino County, California. “The sun-drenched, isolated natural environment at the Cadiz Ranch is ideal for the commercial production of organically sun-grown hemp and natural hemp-derived products, including CBD, which are presently driving market growth,” said Glass House Farms President Graham Farrar. “With plants already in the ground at the largest agricultural operation in San Bernardino County, we are working closely with the team at Cadiz to leverage our collective strengths. We look forward to bringing our full operation online and being a long-term, trusted partner and resource to the local community, our customers and clients.”


StaffStaffAugust 1, 2019
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4min15810

Jamie Warm is the CEO and Co-Founder of Henry’s Original. Despite the young age of the legal industry, Jamie has only had one career: growing cannabis. At Henry’s Original,  his responsibilities include setting the overall strategic vision of the company, driving retail penetration and nurturing the financial health of the company. 

Jamie started his career working at Santa Barbara’s first dispensary while attending college at UCSB. Over two years he learned the process of cultivation, before opening his own dispensary and running that for over a year. In 2007, Jamie graduated with a Bachelor of Arts in philosophy from University of California Santa Barbara. After college, Jamie sold his dispensary and used every dollar he had to buy a cannabis farm in Laytonville, California, located in the heart of Mendocino County,  the wild, rugged heartland synonymous with the new cannabis green rush. That farm set down the roots of what today is known as Henry’s Original, one of the largest flower companies in California. Handcrafted in small batches, every Henry’s Original whole flower jar and pre-roll product purchase gives back to support California farming communities. 

 

Title: Chief Executive Officer

Company: Henry’s Original

Years at current company: 4

Education profile: BA @ University of California Santa Barbara

 

GMR Executive Spotlight Q&A –

 

Most successful professional accomplishment before cannabis: Interestingly, cannabis has been my only professional career. I’ve never earned a dollar professionally outside of this industry. 

Company Mission: Henry’s Original strives to provide the highest quality cannabis flower and pre-roll products from Mendocino County.

Company’s most successful achievement: Henry’s has become one of the largest flower companies and #2 pre-roll brand in California, according to BDS Analytics. Beyond that, it’s owning the legacy of Heritage Cannabis cultivation in Mendocino County and supporting the community in the process of transition from grey market to legal market.

Has the company raised any capital (yes or no): Yes. We’ve completed 3 rounds of funding to date. $1.6M in seed, $4M in Series A and $11M in Series B.

Any plans on raising capital in the future? Yes, there are certainly plenty of projects and opportunities to grow our business and brand that would benefit from a capital raise. 

Most important company 5 year goal: Henry’s Original will continue to provide the highest quality cannabis products from Mendocino County. We see our unique opportunity to take Mendocino County cannabis products into the national and global supply chain. Federal and State regulations will determine what course of action Henry’s Original will take to get there.

 



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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


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