The Green Solution Archives - Green Market Report

Debra BorchardtAugust 26, 2020
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6min35310

Columbia Care Inc. (CSE: CCHW) (QTCQX: CCHWF) has said that it will buy The Green Solution (TGS)  in an all-stock deal that is expected to close on September 1, 2020. The company did not disclose the size of the deal. Columbia Care stock jumped over 7% on the news to lately sell at $3.68.

Colorado-based TGS is said to have unaudited revenue through July 2020 of $52.7 million, which would be a year-over-year increase of 29% compared to 2019. Columbia Care said that the deal would be immediately accretive to Columbia Care’s Adj. EBITDA and, in combination with Columbia Care’s rapidly improving margin and profitability profile, will accelerate the company’s transition to being Adj. EBITDA positive in 3Q 2020.

“Closing the acquisition of The Green Solution represents a major milestone for Columbia Care,” said Nicholas Vita, CEO of Columbia Care. “This transaction aligned well with our national strategy to be the market leader in each of our key markets while adding a portfolio of brands and products to our suite of adult-use offerings across the country.  The acquisition of TGS is immediately accretive to Columbia Care’s Adj. EBITDA and accelerates our transition to generating positive Adj. EBITDA into 3Q. Overnight, we have established a leading position in the world’s second-largest cannabis market.  We added profitable scale to our national portfolio of brands and products and will continue to expand our market share in Colorado as we have done nationally – by offering consumers the highest quality products, best selection, most trusted customer experience, targeted brands, and competitive wholesale offerings. We are grateful to our partners at TGS and applaud their vision and dedication to build one of the most successful companies in the industry.  The entire Columbia Care team looks forward to working with the TGS organization and leadership as we pursue our joint goal of being the leading cannabis operator nationwide.”

TGS is a family-founded and operated business. It was awarded first place for its Supernova Cone and second place for its NectarBee Root Beer in The THC Classics 2020, TGS has remained an industry leader through proprietary technology and innovation, as well was through continually introducing new verticals, including a family of cannabis brands.

The Colorado market had been closed off to investments form publicly traded companies, but that was recently changed. As such, Columbia Care has become one of the first publicly traded companies to acquire a Colorado cannabis business. TGS has 23 dispensaries, many located in the Denver metro area and tourist destinations such as Aspen. The deal will boost Columbia Care’s reach to 95 facilities open or under development, including 73 dispensaries and 22 cultivation and manufacturing locations, covering 18 jurisdictions in the United States and the European Union.

The company supplies its own dispensaries along with its wholesale distribution network from its six operational cultivation facilities and one highly-automated manufacturing facility.  Additionally, a Columbia Care affiliate was recently awarded the opportunity to pursue a marijuana hospitality business license in Adams County, one of the first consumption lounges in the state.

The company statement said that TGS has performed well in 2020 despite headwinds caused by COVID-19.  As a core principle of its national strategy, Columbia Care expects to leverage TGS’s leadership position to serve as a consolidation platform for the fragmented Colorado market. Recently enhanced cultivation and manufacturing infrastructure will enable TGS to continue to expand margins while capturing incremental market share through M&A, the acceleration of its wholesale operations, implementation of additional manufacturing automation infrastructure, SKU optimization (including the launch of Columbia Care’s medical, health and wellness focused products), expanding outdoor cultivation (to solidify its position as the low cost producer of cannabis) and provide a unique customer journey by investing in and expanding dispensary operations.

“We met with most of the largest operators and are thrilled to have found a trusted partner in Columbia Care to see the vision we have always held for The Green Solution,” said Kyle Speidell, who co-founded and operates TGS with his brother, Eric Speidell. “This is a landmark acquisition that allows us to bring Columbia Care’s expansive product portfolio to our customers in Colorado, as well as enables us to quickly expand our brands, products and expertise to every major market in the US. We look forward to our continued success and growth, locally and nationally.”


William SumnerMay 10, 2019
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5min27732

Mother’s Day is right around the corner, and if you haven’t found that perfect gift for Mom yet, don’t fret. There’s still plenty of time to find something that will make Mom smile, and if she happens to be cannabis friendly, then you are in luck. Here are a few Mother’s Day gift ideas and discounts for the canna-mom in your life:

Popular Cannabis-Friendly Mother’s Day Gifts

According to the cannabis analytics firm Headset, the most popular cannabis-friendly Mother’s Day gift are not your traditionally popular cannabis products like oil or extracts. Instead, the company sees a surge of interest in edible or topical products in the days leading up to the holiday. On Mother’s Day, cannabis tea, coffee and cocoa sales rise by about 50%. Sales of bath salts, soaks, and scrubs increase by around 20%.  Even pre-rolls see an uptick of sales by approximately 7%.

Thinking about buying Mom topical cannabis products? You might be on the right track. According to the wholesale cannabis e-commerce platform LeafLink, the overall market share of topical surges by 306% on Mother’s Day. The most popular topical brands on the platform are:

  1. Muscle Freeze CBD – Mary’s Medicinals, CA
  2. Body Balm – Nordic Goddess, CO
  3. Extra Strength Dragon’s Balm – Medicine Farm (Distributed by Pharmer’s Market), OR
  4. SYNERGY CBD Relief Balm – Dixie, CO
  5. Extra Strength Relieving Creme – Apothecanna, CO
  6. 1:1 Transdermal Compound – Mary’s Medicinals, CO
  7. Body Balm – Wrangler’s Relief, CO
  8. Extra Strength Relieving Creme – Apothecanna, CA
  9. Cannabis Infused Salve – Mary Jane’s Medicinals, CO
  10. CBD+ Healing Stick (Warming) – Wildflower, WA
A Cannabis Gift for the DIY Mom

If your mother likes to take a hands-on approach to things, or simply has a green thumb, A Pot for Pot might have what you’re looking for. A Pot for Pot is a company that sells DIY cannabis grow kits. The kits, which come in either two or five gallons, has everything you need to grow your own cannabis minus the seeds themselves. However, to make up for the lack of seeds, each kit comes with a seed discount coupon.

Mother’s Day Discounts

If you love saving money almost as much as you love your mother, then you might want to take a look at these two Mother’s Day discounts. Urban Juve, a hemp-based health and wellness brand, is offering 20% off their Anti-Aging Serum when you purchase any face moisturizer. All you have to do is use the code UJMOMS.

For those of you living in Colorado, The Green Solution (TGS) is offering a buy-one get one 50% off deal for all of their NectarBee Heal Line products; like their Fine Lotion, which is made with a 5:1 THC to CBD ratio and a blend of essential oils. TGS is also offering a complimentary stemmed flower and a comeback cash voucher redeemable for $10 off a purchase of $25, pre-tax, to moms shopping on Mother’s Day. However, the vouchers are only redeemable between May 19 and May 22.

In addition to these discounts, cannabis providers across North America will most likely be offering discounts and deals this Mother’s Day, so be sure to check with your local dispensary as well! Just remember that it does not really matter exactly what you get your mom for Mother’s Day, what really matters is the thought and love you put into it.


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