Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Indiva is one special little puppy I like.
Looking forward to them introducing the Cannabis infused sugar cubes.
Interest rose --->>> Volume(Heavy Day) Volume:213,710 / 10-day average volume:51,381
January 07, 2021 3:29pm ET
Closing Price $0.2483 / Day's Change +0.0283 (+12.88%)
Rewards may come to the company with the best edibles in Canada.
The Holiday Effect???? --->>> INDIVA REPORTS RECORD MARKET SHARE FOR DECEMBER 2020 --->>> Still, it's outstanding news!!!
Indiva.com
Indiva grants incentive stock options; announces interest payment on debentures
https://stockhouse.com/news/newswire/2021/01/04/indiva-grants-incentive-stock-options-announces-interest-payment-on-debentures
Stockhouse Editorial
Indiva Ltd. (TSX-V.NDVA, OTC:NDVAF, Forum) – a leading Canadian producer of cannabis edibles and other cannabis products – has announced that they have granted 630,000 incentive stock options to certain employees and an executive officer. The options have an exercise price of $0.30 per share and will be valid until December 30th, 2025.
Indiva’s Stock Option Plan allows for issuances of up to 10% of issued and outstanding share capital in the form of incentive stock options. As a result of the grant, the company has a total of 8,158,333 stock options issued, representing approximately 7% of the issued and outstanding share capital.
For full news release, click here.
New to investing in Cannabis? Check out Stockhouse tips on How to Invest in Cannabis Stocks and some of our Top Cannabis Stocks.
For more of the latest info on Cannabis, check out the Cannabis Trending News hub on Stockhouse.
FULL DISCLOSURE: Indiva Ltd. is a client of Stockhouse Publishing.
It's not very liquid --->>> Volume(Average) / Today's volume of 26,726 shares is on pace to be in-line with NDVAF's 10-day average volume of 55,359 shares.
December 15, 2020 12:28pm ET
6,600 volume 2 hours in. Also a red flag.
Understood.
You have to like companies with the most popular products. They are doing something right.
Just not enough in revenue to get my interest just yet. I have been familiar with the name for quite some time.
Best Edible of the Year:
WANA
Wana™ Sour Gummies come in a variety of flavours and are handcrafted with vegan and gluten-free ingredients. Made using a shelf-stable recipe, Wana™ Sour Gummies are infused with terpene-enhanced distillate and third-party tested to ensure purity and potency.
https://kindmagazine.ca/article/awards/
WANA, BET? WANA
TAKES THE 2020
BEST EDIBLE OF
THE YEAR
https://kindmagazine.ca/article/kind-awards-2020-edible-wana/
WRITER
BEN KAPLAN
ISSUE
05
POSTED
12/09/20
Wana Brands are the number one edible sold in the United States and so when Indiva introduced them to the Canadian market, it was no surprise that they were an astounding success. As chosen by the budtenders across Canada as the 2020 Best Edible of the Year, the Wana Sour Gummies have impressed our most discerning critics: Canada’s budtenders on the legal market’s frontlines. Leah Thiel, marketing director for Indiva, reflected her team’s big win.
Ben Kaplan: Your award was chosen by budtenders across the country. What do these folks mean to you?
Leah Thiel: Budtenders are the most important people in the retail chain. Consumers look to them for credible advice and we look to them for their invaluable feedback. We are the number one edible in Canada thanks to budtenders trying and recommending our Wana Sour Gummies.
kind: You won Best Edible, and that category is so competitive. What do you think differentiates your brand?
LT: Wana Sour Gummies have been perfected in the US over the last 10 years and quickly became the best-selling gummy south of the border. They are uniquely vegan, gluten-free, with terpenes added back in for the entourage effect.
kind: How has Wana established itself different from other edibles?
LT: Wana Sour Gummies are truly the best tasting gummies out there, hands down. There are seven flavour options, a variety of THC/CBD ratios and added botanical terpenes. So many tasty options!
kind: The legal industry, initially, had lots of problems with quality and price and consistency. What have you folks done to make Wana a good buy?
LT: Wana Sour Gummies are consistently dosed, shelf stable and won't melt on their way to the store or the consumer. They never disappoint.
kind: Edibles, like drinks and vapes, are new 2.0 legal products. Into this relatively legally new category, what do you see as next steps?
LT: Innovation will continue in 2021 with new product launches.
kind: In other words, for Wana, what will the future bring?
LT: Stay tuned for Wana Quick, coming in 2021!
These guys might never reach that threshold. If they did, they would be wildly profitable.
I will have to wait and see what the bottom line looks like if they top 4M in Q4.
I just can't work with anyone less than about $20M qtr rev.
OMG, their revenues are putridly small. The silver lining is they were edible first movers and Canada voted; INDIVA's edibles win by a mile.
In the event that the market grows, INDIVA might find a path towards profitability.
IMO, Q4 revenues will be really close to $5M +/-. That might help the PPS.
Quarter ending Sept 30, 2020
Net revenue $3,027,246
Indiva Reports Record Market Share and Production for November 2020
Rob Carse Promoted to Chief Operating Officer
https://www.globenewswire.com/news-release/2020/12/10/2142926/0/en/Indiva-Reports-Record-Market-Share-and-Production-for-November-2020.html
December 10, 2020 07:00 ET
LONDON, Ontario, Dec. 10, 2020 (GLOBE NEWSWIRE) -- Indiva Limited (the “Company” or “Indiva”) (TSXV:NDVA) (OTCQX:NDVAF), the leading Canadian producer of cannabis edibles, is pleased to announce record market share and record production for the month of November. At its London facility, Indiva produced more than 1 million finished units of edible products in November, and continues to hit new daily production records in December. In addition to record production, Indiva is experiencing record demand for its edible products, as demonstrated by strong sell through data from Hifyre for the month of November.
Estimated market share across British Columbia, Alberta, Saskatchewan and Ontario expanded from 32% in October to 36% share of sales in November, as Indiva increased its lead in the #1 market share position in the edibles category:
* Ontario #1 with 34% market share. Note: OCS data put Indiva market share in the Edibles category at 37.87% for November.
* Alberta #1 with 38% market share.
* British Columbia #1 with 36% market share.
* Saskatchewan #1 with 38% market share.
* ™ Sour Gummies led the Gummies category with $2.25 million in retail sales, or 21% market share, a 16% sequential monthly increase.
* Bhang® continued to lead the chocolate category.
* Product ranking in November showed the top 3 SKUs continue to be Wana™ Sour Gummies (led by Strawberry-Lemonade) and 5 of the Top 10 SKUs are from Indiva.
* ™ Sour Gummies recently won the Edible of the Year Award from Kind Magazine.
* Bhang® THC Milk Chocolate recently won the 2020 Top Edible Award from Spiritleaf.
“We are very pleased to continue to see such robust sell-through data and market share gains for Indiva products. Retail sell-through data is particularly important as it indicates consumer acceptance of Indiva products, and rising market share shows strong potential of repeat purchases. As consumers establish their preferences in this nascent market, we are fortunate to have such a dedicated team at Indiva as well as terrific brands, partners and products. We look forward to continuing to delight our customers and clients with our current product line-up, as well as many novel and innovative products to come,” said Niel Marotta, President and Chief Executive Officer of Indiva.
ROB CARSE PROMOTED TO CHIEF OPERATING OFFICER
The Company is also pleased to announce that Rob Carse has been promoted to Chief Operating Officer of Indiva Limited, effective immediately. Rob joined the Company almost two years ago and has over 20 years of experience in large CPG and food manufacturing. Rob has been a terrific steward in growing the operations team and successfully achieving record production levels to support demand for Indiva products.
COVID-19
Government and private entities are still assessing the present and future effects of the COVID-19 pandemic. Indiva has continued to operate with enhanced health and safety protocols in place to protect its employees. The Company continues to assess the customer, supply chain, and staffing implications of COVID-19 and is committed to making continuous adjustments to minimize disruption and impact. Indiva will remain proactive in its response to the pandemic and compliant with any and all provincial and/or federal policy enacted to protect Canadians.
ABOUT INDIVA
Indiva sets the standard for quality and innovation in cannabis. As a Canadian licensed producer, Indiva creates premium pre-rolls, flower, capsules, and edible products and provides production and manufacturing services to peer entities. In Canada, Indiva produces and distributes the award-winning Bhang® Chocolate, Wana™ Sour Gummies, Ruby® Cannabis Sugar, Sapphire™ Cannabis Salt, Artisan Batch, and other Powered by INDIVA™ products through license agreements and partnerships. Click here to connect with Indiva on LinkedIn, Instagram, Twitter and Facebook, and here to find more information on the Company and its products.
CONTACTS
INVESTOR CONTACT
Anthony Simone
Phone: 416-881-5154
Email: ir@indiva.com
DISCLAIMER AND READER ADVISORY
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has in any way passed upon the merits of the contents of this press release and neither of the foregoing entities accepts responsibility for the adequacy or accuracy of this release or has in any way approved or disapproved of the contents of this press release.
Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the parties’ current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to the Company's future operations, future product offerings and compliance with applicable regulations. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to the parties.
The material factors and assumptions include the parties being able to maintain the necessary regulatory and other third parties’ approvals and licensing and other risks associated with regulated entities in the cannabis industry. The forward-looking information contained in this release is made as of the date hereof and the parties are not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. Not for distribution to U.S. Newswire Services or for dissemination in the United States. Any failure to comply with this restriction may constitute a violation of U.S. Securities laws.
Related Articles
More articles issued by Indiva
More articles related to:
Company Announcement
Directors and Officers
Edibles. So is PLUS PRODUCTS in CA. Let's talk more at "Cannabis Investment Club."
Indiva is the leading edibles cannabis company in Canada. A check of when the Gummies rolled out leads me to believe Q4 holiday revenues will top $5M.
They are in the precarious position of being a small company closing in on breakeven.
Their advantage of concentrating on a high profit, added value niche separates them from all of the other flower sellers stuck in a commoditized market.
They should reach breakeven at much lower revenue levels than flower sellers who are trying to distinguish themselves by branding flower strains.
I am looking forward to their cannabis infused sugar cubes. There’s an everyday item that can stretch Indiva into every cannabis using household in the country.
Have to be honest, 3.42 mil in quarter does not turn heads.
INDIVA REPORTS RECORD THIRD QUARTER FISCAL YEAR 2020 RESULTS
Indiva is the National Leader in Edibles
https://www.indiva.com/press-releases/releases-2020/indiva-reports-record-third-quarter-fiscal-year-2020-results/
LONDON, Ontario – November 26, 2020: Indiva Limited (the “Company” or “Indiva”) (TSXV:NDVA) (OTCQX:NDVAF), a leading Canadian producer of cannabis edibles and other cannabis products, is pleased to announce its financial and operating results for the third quarter fiscal 2020 ended September 30, 2020. All figures are reported in Canadian dollars ($), unless otherwise indicated. Indiva’s financial statements are prepared in accordance with International Financial Reporting Standards (“IFRS”).
For a more comprehensive overview of the corporate and financial highlights presented in this press release, please refer to Indiva’s Management’s Discussion and Analysis of Financial Condition and Results of Operations for the Three and Nine Months Ended September 30, 2020, and the Company’s Condensed Consolidated Interim Financial Statements for the Three and Nine Months Ended September 30, 2020 and 2019, which are filed on SEDAR and available on the Company’s website, www.indiva.com.
“We are pleased to report record revenue and significantly improved gross margins in the third quarter of 2020, driven by the introduction of Wana™ Sour Gummies across Canada” said Niel Marotta, President and Chief Executive Officer of Indiva. “Our business has gained considerable momentum and we expect revenue growth to accelerate significantly in fiscal Q4 2020, driven by sales and purchase orders in hand, and continued strong sell through of Indiva products at the retail level. Data from Hifyre indicates that, within the edibles category, Indiva holds leading market share in BC, Alberta, Saskatchewan and Ontario.
Fiscal Q4 2020 has already shown significant sequential growth, with October 2020 net revenue exceeding September’s record monthly net revenue of $2.0 million, and gross margin before fair value adjustments approaching 30% in the month. November net revenue is on track to exceed October, based on purchase orders in hand. Gross margin before fair value adjustments is expected to continue to rise, and approach 30% for fiscal Q4 2020. Further significant additional gross margin improvement is expected in Q1 2021, as the Company begins to benefit from sharply lower distillate costs. Indiva’s focus on quality, and specifically on licensing and producing award-winning products is bearing fruit, and we look forward to continuing to provide of-age Canadians with exceptional cannabis products.”
HIGHLIGHTS
Quarterly Performance
• Gross revenue in Q3 2020 was $3.42 million representing a 22% sequential increase from Q2 2020, and a 1,600% increase year-over-year from Q3 2019.
• Net revenue in Q3 2020 was $3.03 million representing a 19% sequential increase from Q2 2020, and a 1,500% increase year-over year from Q3 2019, driven primarily by sales of Cannabis 2.0 products.
• Net revenue from edible products grew to $2.18 million representing 72% of net revenue in Q3 2020, up 42% from $1.54 million in Q2 2020.
• Gross margin before fair value adjustments and impairments improved to $0.67 million or 22.2% of net revenue versus nil in Q2 2020 and 14.5% in Q3 2019, due to a shift in product mix to higher margin products and improved operational utilization.
• Operating expenses decreased by 21% versus Q3 2019 and decreased by 30% versus the nine months ended September 30, 2020, primarily due to improved cost control and capitalization of costs related to production.
• Comprehensive net loss included one-time expenses and non-cash charges including losses on non-refundable deposits and disposal of equipment totaling $1.27 million. Excluding these charges, comprehensive loss declined to $2.3 million versus $2.6 million in Q3 2019.
• The Company closed the final tranche of its $5.18 million equity private placement on August 10, 2020.
• Indiva also announced the extension of the maturity of its senior debt to October 31, 2021. As a result, working capital has substantially improved as compared to June 30, 2020.
Operational Highlights
• Indiva began commercial production of Wana™ Sour Gummies in August of 2020 and began shipments to provincial wholesalers in September 2020.
• Wana™ Sour Gummie Sales in fiscal Q3 2020, all of which occurred in the month of September, accounted for $1.23 million or 41% of net revenue in the quarter.
• Indiva signed a Supply Agreement with the Yukon and began shipment of products.
• Indiva secured an agreement with CannMart Inc., a wholly owned subsidiary of Namaste Technologies Inc., which will see INDIVA™ CBD Softgels and INDIVA™ Indica Capsules available on CannMart’s B2C distribution channel for their medical customers, as well as Bhang® Chocolate and Wana™ Sour Gummies.
• Indiva entered into an amended license agreement with Bhang®, replacing the previous JV, giving the Company the exclusive right to manufacture and sell Bhang® THC-infused chocolate products in Canada.
• Indiva made its first shipments of Artisan Batch premium cannabis to provincial wholesalers.
Events Subsequent to Quarter End
• Indiva secured an agreement with Medical Cannabis by Shoppers™, a subsidiary of Shoppers Drug Mart Inc. making Bhang® Chocolate and Wana™ Sour Gummies available through the Medical Cannabis by Shoppers™ platform.
• October monthly net revenue came in at a record $2.3 million, with gross margin before fair value adjustments exceeding 29%.
• Sell through data from Hifyre for the month of October 2020 shows strong sell-through of Indiva products. With a 32% share of sales, Indiva now leads with the #1 market share position in the edibles category:
? Ontario #1 with 36% market share.
? Alberta #1 with 30% market share.
? British Columbia #1 with 27% market share.
? Saskatchewan #1 with 37% market share.
? Wana Sour Gummies led the Gummies category with $1.94M in retail sales or 18% share.
? Bhang led the chocolate category with $1.22M in retail sales.
? Product Ranking in October showed the top 3 SKUs are Wana™ Sour Gummies (led by Strawberry-Lemonade) and 5 of the Top 10 SKUs are from Indiva.
• Indiva began shipments of ICC under the INDIVA™ brand to Saskatchewan, Ontario, Alberta and British Columbia. ICC is a high-potency THC strain with a strong terpene profile.
Outlook
• Indiva delivered four additional Wana™ Sour Gummie SKUs to provincial wholesalers across Canada in November 2020, including Pomegranate-Blueberry-Acai (25mg CBD:5mg THC per gummie), Strawberry CBD (10mg CBD:1mg THC per gummie), Blueberry Indica (5mg THC per gummie) and Japanese Citrus Yuzu (10mg CBD:5mg THC per gummie), bringing the total Wana™ SKUs in market to seven. These SKUs offer unique cannabinoid combinations and flavours, and will complement the first three SKUs already in market, being, Mango Sativa (5mg THC per gummie), Watermelon Hybrid (5mg THC per gummie), and Strawberry-Lemonade 1:1 (5mg CBD:5mg THC per gummie).
• Indiva will introduce Bhang® Ice, a peppermint flavoured chocolate in time for the holidays. Purchase orders are in hand and shipments to provincial wholesalers will begin in early December.
• Indiva also expects to introduce further flower SKUs, with special focus on high THC potency, robust terpene content, premium buds and fresh harvest dates.
OPERATING AND FINANCIAL RESULTS FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2020
Read the rest here:
https://www.indiva.com/press-releases/releases-2020/indiva-reports-record-third-quarter-fiscal-year-2020-results/
Wagon hitched wrong.
That being said, I am throwing VEGAS money at
MEDMEN
and
HIGH TIDE
I fear the cost of staying in business will dilute all value out of the current shares.
Indiva current shareholders will only win if revenues double fast. The need Canada to fall in love with there edibles.
It's possible, but not likely.
Indiva Announces Shares for Debt Transaction
I have my "next four" list of USA Cannabis companies ready for post election.
They will take the edibles from, or be given them by parents.
Wrong as it may be, I am not worried or as concerned with kids eating a Gummy or chocolates compared with what turns out to be harmful to ones lungs.
If the underage wants it, it will get it.
Indiva sells the most popular non-flower product and is the leader in Ontario!
Fruity Pot Gummies Risk Repeating E-Cig Mistake:
Cannabis Weekly
By: Tiffany Kary Bookmark
October 25 2020, 7:30 PM
October 25 2020, 8:30 PM (Bloomberg) --
Cannabis treats are leaning into fall, and hard. One edibles maker is promoting fruit flavored THC “pearls” with a #highforhalloween hashtag, while another has a “Scary Savings” promotion on its CBD chocolates.
But as the growing industry starts offering seasonal promotions just like other consumer products companies, it may want to take heed of a cautionary tale from the vaping industry: Flavors, when too successful, can addict a younger generation.
As the industry matures beyond raw flower into a wider variety of products, cannabis edibles are growing fast. Headset, which tracks industry data, estimates that U.S. edibles sales rose 80% over the past two years.
Gummies, which are available in bear shapes, rainbow colors and flavors from raspberry-lemonade to exotic Hawaiian fruits, are doing particularly well, according to BDSA, a cannabis research firm. They are geared toward consumers 21 and over, but the explosion of offerings mirrors what happened in the vaping industry -- which later had fruity flavors banned after they were linked to rising underage use.
Watch --->>> Meet the Canadian Cannabis 2.0 Market Leader
By, Dave Jackson, Stockhouse
I wonder if the Bhang packaging notes that it is made by Indiva?
For good reason?
I have known of them.
My flyer pick is now MEDMEN. For perhaps the first time.
Nobody follows this company.
BIG BECAUSE ... INDIVA SECURES AGREEMENT WITH MEDICAL CANNABIS BY SHOPPERS INC.
Net loss and comprehensive loss attributable to shareholders
Per the Aug 31 2020 Interim financial statements/report - English
Six months ended June 30
2020 = (4,966,841) ... Loss per share, basic and diluted (0.06)
2019 = (5,930,976) ... Loss per share, basic and diluted (0.07)
Three months ended June 30
2020 = (2,528,713) ... Loss per share, basic and diluted (0.03)
2019 = (2,302,495) ... Loss per share, basic and diluted (0.03)
I have to revise my writings regarding how close they are to B/E.
If Indiva only expects their record net revenue in fiscal Q3 2020 to be in the range of $2.8 to $3.1 million, they will still be bleeding cash.
They are going to need to sell a lot more of those Gummies.
Yesterday's PR was definitely meant to attract new investments, and hide by glossing over with rosy news what I just wrote.
Outstanding Shares
108,815,097
09/30/2020
Impressive
Listen to the interview - INDIVA Leverages Its Infrastructure to Roll Out New Cannabis Products
October 6, 2020 at 12:28 pm
Exclusive article by Carrie Pallardy
https://www.newcannabisventures.com/indiva-leverages-its-infrastructure-to-roll-out-new-cannabis-products/
Exclusive Interview with INDIVA Co-Founder, President and CEO Niel Marotta
Canadian cannabis company INDIVA (TSXV: NDVA) (OTC: NDVAF), which has focused on edibles, has secured a leading market share and has plans to double down on growth within its footprint. Co-Founder, President and CEO Niel Marotta last spoke to New Cannabis Ventures in April. While the core leadership team on the corporate and operational levels has stayed the same since then, the company has recruited more talent with both cannabis and marketing experience. Marotta spoke with New Cannabis Ventures about his company’s expanding distribution and the pursuit of positive cash flow. The audio of the entire conversation is available at the end of this written summary.
Expanded Distribution
INDIVA distributes its products in eight provinces and one territory, covering roughly 95 percent of the Canadian population, according to Marotta. The company’s next step is to go deeper into its footprint with new products and flavors. It has three gummy flavors on the market, and it will have seven within the next month. The company is also exploring additional flavors for its chocolate products. INDIVA has the gummy capacity for 30 million units per year and a similar capacity for its chocolates. It also has other product categories it is working on, such as pre-rolls, capsules and flower.
The company has experienced significant distribution growth through the Wana and Bhang brands. INDIVA introduced Wana Sour Gummies in September and Bhang chocolates in February. The distribution of these products has helped the company gain leading market share in the edibles category, according to Marotta.
While Marotta is hopeful Quebec will open the door to edibles in the future, the company currently has plenty of room to expand in the Atlantic provinces. With more stores being licensed each week, Marotta expects the company will benefit from the expansion to 250 to 300 stores in the province by the end of the year. He is seeing higher edibles penetration in British Columbia, but he thinks Ontario will begin to catch up as consumer access and education progresses.
A New Brand
In addition to its work in the edibles category, INDIVA has launched a new premium flower brand: Artisan Batch. The brand, launched in partnership with BC Craft, focuses on flower sourced from micro cultivators. The first product was sourced from a micro cultivator in British Columbia, and the company has several more SKUs planned. The brand gives micro cultivators a path to market through INDIVA’s established distribution and offers consumers access to high-quality, high-potency flower at a reasonable price.
When considering other potential industry relationships, INDIVA is looking at other product categories, like concentrates. Marotta sees ample opportunity to partner with other companies to bring products to market without having to be vertically integrated.
CBD Products
Within the past six months, INDIVA also launched CBD products, including CBD gel capsules and CBD chocolate. The company also plans to launch a CBD gummy. The company recognizes that there are consumers who do not necessarily want high doses of THC, and it will continue to pursue CBD products as a part of its product portfolio, according to Marotta.
Pandemic Operations Update
INDIVA has been able to operate safely through the COVID-19 pandemic thus far. There have been no cases at its facility, and the company continues to grow sequentially. It is operating as an essential business and continues to produce the same high-quality products, according to Marotta.
Capital Position
In August, INDIVA completed a $5 million equity financing. The month before, the company extended the maturity of its senior debt through to the end of October 2021. INDIVA now has positive working capital and plenty of runway for growth, according to Marotta.
INDIVA’s facility is fully built and licensed, which means the company does not have any significant capex requirements. Its capital is going toward making and distributing its products. The company has been paying down its senior debt, which will likely be a focus over equity going forward.
Continued Growth
Reaching profitability is a major goal for the company right now, and it is close to achieving that goal, according to Marotta. Following the interview, INDIVA preannounced its third-quarter revenue to be in excess of $2.8 million.
In addition to profitability, the INDIVA team tracks important metrics like store penetration, market share and unit costs. The ultimate goal of the company is to generate a positive return on capital, according to Marotta. He is confident in INDIVA’s revenue capacity and growth prospects.
Competition remains a challenge. Other companies make edibles, and other companies do contract manufacturing. But, INDIVA strives to differentiate itself by partnering with award-winning brands that connect with consumers. Marotta also sees the opportunity to leverage product innovation from its partners. Wana launched a quick onset gummy in the U.S. this spring, and INDIVA is preparing to launch that product in the Canadian market in the months to come.
New Cannabis Ventures provides an Investor Dashboard for INDIVA, which is a client of New Cannabis Ventures. Listen to the entire interview:
https://soundcloud.com/newcannabisventures/indiva-leverages-its-infrastructure-to-roll-out-new-cannabis-products
Considering Indiva keeps the O/S in check, the actual dollar loss isn't that much.
An increase in profit margins caused by selling higher profit edibles, along with modest revenue increases could turn this little puppy into a profitable company in the $15M - $20M revenue range.
Indiva's Bhang chocolates are the #1 selling edible in Ontario by far. Wana™ Sour Gummies only recently began shipping, and only into 4 provinces so far.
Being profitable below $20M would be a huge milestone success in the wildly unprofitable Canadian cannabis industry.
INDIVA PROVIDES GUIDANCE OF RECORD NET REVENUE FOR FISCAL Q3 2020
Indiva Leads the Edibles Market
Candy KING? - Indiva's cannabis niche might be to be the edibles king. It's a high margin product, so we're going to need to watch the Q 3 & 4 reports to see the impact of recently started shipments, and follow-on shipments.
Too bad the PPS chart sucks, but with their own extraction production facility, Indiva controls seed to chocolate sale, which is obviously a very good thing for now.
INDIVA BEGINS SHIPMENTS OF WANA™ SOUR GUMMIES
First three flavours of Wana™ Sour Gummies have shipped to Ontario
https://www.indiva.com/press-releases/releases-2020/indiva-begins-shipments-of-wana-sour-gummies/
INDIVA SHIPS WANA™ SOUR GUMMIES TO BRITISH COLUMBIA
Wana™ Sour Gummies now available on the West Coast
https://www.indiva.com/press-releases/releases-2020/indiva-ships-wana-sour-gummies-to-british-columbia/
INDIVA SHIPS WANA™ SOUR GUMMIES TO ALBERTA, SASKATCHEWAN, AND YUKON TERRITORY
Wana™ Sour Gummies Now Available in Four Provinces and One Territory
https://www.indiva.com/press-releases/releases-2020/indiva-ships-wana-sour-gummies-to-alberta-saskatchewan-and-yukon-territory/
Bhang is the clear edibles sales leader in Ontario. Our little peanut of a company is the clear sales leader capturing the greatest market share.
Though edibles is a small percentage of overall cannabis sales, this is a great indication of the growth projection as the category becomes more widely available.
Indiva may have struck gold with their exclusive Canadian Bhang license agreement.
See the charts below from The Ontario Cannabis Store (OCS) publishes A Quarterly Review (April 1 – June 30):
https://www.ocswholesale.ca/wp-content/uploads/2020/09/OCS-InsightsReport_Q1-2020-FINAL.pdf?fbclid=IwAR3YELwR3UUQcafopjMz_Ue2zPfQ_rP_TUAVgZXYbymsArbDZDnTFQzHwCE
Top five brands per category based on sales - April 1 2020 thru June 30 2020
Edibles
Bhang 30%
Aurora Drift 19%
Foray 13%
Chowie Wowie 9%
Affirma 8%
[url=https://postimages.org/][/url]
Total sales and grams sold by product categories - April 1 2020 thru June 30 2020
[url=https://postimages.org/][/url]
INDIVA SHIPS WANA™ SOUR GUMMIES TO ALBERTA, SASKATCHEWAN, AND YUKON TERRITORY
https://www.indiva.com/press-releases/releases-2020/indiva-ships-wana-sour-gummies-to-alberta-saskatchewan-and-yukon-territory/
Wana™ Sour Gummies Now Available in Four Provinces and One Territory
LONDON, Ontario – September 30, 2020: Indiva Limited (TSXV:NDVA) (OTCQX:NDVAF), the parent company of Indiva Inc. (the “Company” or “Indiva”), a leading Canadian producer of cannabis edibles and other cannabis products, is pleased to announce that the first three flavours of Wana™ Sour Gummies have shipped to Alberta, Saskatchewan, and Yukon Territory. Mango Sativa (5 mg THC per gummie), Watermelon Hybrid (5 mg THC per gummie), and Strawberry Lemonade 1:1 (5 mg THC, 5 mg CBD per gummie) are expected to be in stores this week.
“We’re thrilled to have shipped Wana™ Sour Gummies to Alberta, Saskatchewan, and Yukon Territory, increasing Wana™’s presence to four provinces and one territory,” said Niel Marotta, President and Chief Executive Officer of Indiva. “In less than a month since Wana™ Sour Gummies were launched, we’ve seen a steady growth in popularity for these vegan and gluten-free cannabis edibles. Of-age Canadians across the country are experiencing first-hand why Wana™ Brands is the No. 1 edibles brand in the United States.”
Wana™ Sour Gummies are made with pectin, not gelatin, which gives the gummies a great texture in addition to making them vegan. All gummies are handcrafted using a shelf-stable recipe so they won’t melt.
Following the first three flavours that have been released, the Company intends to bring these additional flavours to market later in 2020:
• Blueberry Indica (5 mg THC per gummie)
• Strawberry 10:1 (10 mg CBD, 1 mg THC per gummie)
• Japanese Citrus Yuzu 2:1 (10 mg CBD, 5 mg THC per gummie)
• Pomegranate Blueberry Acai 5:1 (25 mg CBD, 5 mg THC per gummie)
Wana™ Brands is the No. 1 edibles brand in the United States, with more dollars sold than any other brand, according to BDSA 2019 Brand Share Report.
ABOUT INDIVA
Indiva sets the standard for quality and innovation in cannabis. As a Canadian licensed producer, Indiva creates premium pre-rolls, flower, capsules, and edible products and provides production and manufacturing services to peer entities. In Canada, Indiva produces and distributes the award-winning Bhang® Chocolate, Wana™ Sour Gummies, Ruby® Cannabis Sugar, Sapphire™ Cannabis Salt, Artisan Batch, and other Powered by INDIVA™ products through license agreements and partnerships. Click here to connect with Indiva on LinkedIn, Instagram, Twitter and Facebook, and here to find more information on the Company and its products.
CONTACTS
MEDIA CONTACT
Meagan Kelly, Marketing and Communications Specialist
Phone: 613-979-6347
Email: mkelly@indiva.com
INVESTOR CONTACT
Anthony Simone
Phone: 416-881-5154
Email: ir@indiva.com
Steve Low
Phone: 647-620-5101
Email: stevelow@indiva.com
ABOUT WANA™ BRANDS
Included in the 2020 Inc. 5000 list at #2,074 and boasting a three-year growth rate of 203%, Wana Brands is the No. 1 edibles brand in the United States, with more dollars sold than any other brand, according to BDS Analytics 2019 Brand Share Report. Wana leads the industry in quality, consistency and potency, providing a range of different options that enable customers to create the specific cannabis experience they want. Wana products offer diverse product forms including edibles, vapes, and extended-release capsules, four different CBD/THC ratios as well as a variety of different dosages, onset times and duration of effects. The portfolio is designed so products can be used singly or in combination to address specific health, wellness, and recreational needs. Wana products are available in Colorado, California, Illinois, Michigan, Ohio, Maryland, Arizona, Oregon and Oklahoma dispensaries, with Massachusetts, Missouri and Florida among the states imminently coming online. Wana Brands is available internationally in Canada. For more information or to subscribe to Wana’s e-newsletter, visit www.wanabrands.com. Follow Wana on LinkedIn, Twitter, YouTube and Pinterest.
MEDIA CONTACT
Shawna McGregor, Publicist
Phone: 917-971-7852
Email: shawna@themaverickpr.com
DISCLAIMER AND READER ADVISORY
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has in any way passed upon the merits of the contents of this press release and neither of the foregoing entities accepts responsibility for the adequacy or accuracy of this release or has in any way approved or disapproved of the contents of this press release.
Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the parties’ current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to the Company’s future operations, future product offerings and compliance with applicable regulations. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to the parties. The material factors and assumptions include the parties being able to maintain the necessary regulatory and other third parties’ approvals and licensing and other risks associated with regulated entities in the cannabis industry. The forward-looking information contained in this release is made as of the date hereof and the parties are not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. Not for distribution to U.S. Newswire Services or for dissemination in the United States. Any failure to comply with this restriction may constitute a violation of U.S. Securities laws.
INDIVA SHIPS WANA™ SOUR GUMMIES TO BRITISH COLUMBIA
Wana™ Sour Gummies now available on the West Coast
https://www.indiva.com/press-releases/releases-2020/indiva-ships-wana-sour-gummies-to-british-columbia/
LONDON, Ontario – September 23, 2020: Indiva Limited (TSXV:NDVA) (OTCQX:NDVAF), the parent company of Indiva Inc. (the “Company” or “Indiva”), a leading Canadian producer of cannabis edibles and other cannabis products, is pleased to announce that Wana™ Sour Gummies have shipped to British Columbia and are already available in stores.
“We’re thrilled to have shipped Wana™ Sour Gummies to British Columbia,” said Niel Marotta, President and Chief Executive Officer of Indiva. “Western Canada is an important market for us, and we’re confident that Wana™ Sour Gummies will be a major player in the edibles landscape. As we continue to increase the presence of Wana™ Sour Gummies across Canada, we’re looking forward to making this gluten-free and vegan cannabis edible the first choice for of-age consumers.”
The first three Wana™ Sour Gummies flavours released are Mango Sativa (5 mg THC per gummie), Watermelon Hybrid (5 mg THC per gummie), and Strawberry Lemonade 1:1 (5 mg THC, 5 mg CBD per gummie). Wana™ Sour Gummies are made with pectin, not gelatin, which not only gives the gummies a great texture, but also makes them vegan. All gummies are handcrafted using a shelf-stable recipe so they won’t melt. In addition to the first three flavours released, the Company intends to bring these additional flavours to market later in 2020:
• Blueberry Indica (5 mg THC per gummie)
• Strawberry 10:1 (10 mg CBD, 1 mg THC per gummie)
• Japanese Citrus Yuzu 2:1 (10 mg CBD, 5 mg THC per gummie)
• Pomegranate Blueberry Acai 5:1 (25 mg CBD, 5 mg THC per gummie)
Wana™ Brands is the No. 1 edibles brand in the United States, with more dollars sold than any other brand, according to BDSA 2019 Brand Share Report.
ABOUT INDIVA
Indiva sets the standard for quality and innovation in cannabis. As a Canadian licensed producer, Indiva creates premium pre-rolls, flower, capsules, and edible products and provides production and manufacturing services to peer entities. In Canada, Indiva produces and distributes the award-winning Bhang® Chocolate, Wana™ Sour Gummies, Ruby® Cannabis Sugar, Sapphire™ Cannabis Salt, Artisan Batch, and other Powered by INDIVA™ products through license agreements and partnerships. Click here to connect with Indiva on LinkedIn, Instagram, Twitter and Facebook, and here to find more information on the Company and its products.
CONTACTS
MEDIA CONTACT
Meagan Kelly, Marketing and Communications Specialist
Phone: 613-979-6347
Email: mkelly@indiva.com
INVESTOR CONTACTS
Anthony Simone
Phone: 416-881-5154
Email: ir@indiva.com
Steve Low
Phone: 647-620-5101
Email: stevelow@indiva.com
ABOUT WANA™ BRANDS
Included in the 2020 Inc. 5000 list at #2,074 and boasting a three-year growth rate of 203%, Wana™ Brands is the No. 1 edibles brand in the United States, with more dollars sold than any other brand, according to BDSA 2019 Brand Share Report. Wana™ leads the industry in quality, consistency and potency, providing a range of different options that enable customers to create the specific cannabis experience they want. Wana™ products offer diverse product forms including edibles, vapes, and extended-release capsules, four different CBD/THC ratios as well as a variety of different dosages, onset times and duration of effects. The portfolio is designed so products can be used singly or in combination to address specific health, wellness, and recreational needs. Wana™ products are available in Colorado, California, Illinois, Michigan, Ohio, Arizona, Oregon and Oklahoma dispensaries, with Maryland, Missouri and Florida (as regulations allow) among the states imminently coming online. Wana™ Brands is now available internationally in Canada. For more information or to subscribe to Wana™’s e-newsletter, visit www.wanabrands.com. Follow Wana™ on LinkedIn, Twitter, YouTube and Pinterest.
MEDIA CONTACT
Shawna McGregor, Publicist
Phone: 917-971-7852
Email: shawna@themaverickpr.com
DISCLAIMER AND READER ADVISORY
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has in any way passed upon the merits of the contents of this press release and neither of the foregoing entities accepts responsibility for the adequacy or accuracy of this release or has in any way approved or disapproved of the contents of this press release.
Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the parties’ current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to the Company’s future operations, future product offerings and compliance with applicable regulations. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to the parties. The material factors and assumptions include the parties being able to maintain the necessary regulatory and other third parties’ approvals and licensing and other risks associated with regulated entities in the cannabis industry. The forward-looking information contained in this release is made as of the date hereof and the parties are not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. Not for distribution to U.S. Newswire Services or for dissemination in the United States. Any failure to comply with this restriction may constitute a violation of U.S. Securities laws.
Nobody knows about this peanut of a company. I'm looking forward to them releasing the cannabis sugar cubes. That stuff should be a big hit.
INDIVA BEGINS SHIPMENTS OF WANA™ SOUR GUMMIES
First three flavours of Wana™ Sour Gummies have shipped to Ontario
https://www.indiva.com/press-releases/releases-2020/indiva-begins-shipments-of-wana-sour-gummies/?_ke=eyJrbF9lbWFpbCI6ICJ3YXRjaGlzbGVAYW9sLmNvbSIsICJrbF9jb21wYW55X2lkIjogIlA2R1RtSiJ9
LONDON, Ontario – September 8, 2020: Indiva Limited (the “Company” or “Indiva”) (TSXV:NDVA) (OTCQX:NDVAF), a leading Canadian producer of cannabis edibles and other cannabis products, is pleased to announce the first shipment of Wana™ Sour Gummies. Mango Sativa, Watermelon Hybrid, and Strawberry Lemonade 1:1 are the first flavours being released in Ontario and are expected to be in stores next week.
“We’re extremely excited about our first shipment of Wana™ Sour Gummies,” said Niel Marotta, President and Chief Executive Officer of Indiva. “Canadian cannabis consumers have been waiting for premium, vegan and gluten-free gummies, and we believe Wana™ will claim that space in the cannabis market. This first shipment of gummies marks the beginning of a new era of cannabis products, and we’re proud to bring Wana™ Sour Gummies to of-age Canadians.”
“Sometimes people think a gummie is just a gummie, but Wana™ Sour Gummies’ market share in the United States clearly shows that customers recognize that Wana™ Sour Gummies are a premium product. We look forward to bringing a decade of innovation and recipe refinement to Canada through our partnership with Indiva,” said Nancy Whiteman, CEO, Wana Brands. “Innovation is a top priority at Wana Brands, and our gummie recipe reflects that through the perfect ratio of cannabinoids and terpenes along with the right mix of ingredients that are vegan and gluten-free.”
Wana™ Sour Gummies are made with pectin, not gelatin, which not only gives the gummies a great texture, but also makes them vegan. All gummies are handcrafted using a shelf-stable recipe so they won’t melt. Wana™ Sour Gummies are available in packages of two, and come in a wide variety of flavours such as:
Mango Sativa (5 mg THC per gummie)
Watermelon Hybrid (5 mg THC per gummie)
Strawberry Lemonade 1:1 (5 mg THC, 5 mg CBD per gummie)
Blueberry Indica (5 mg THC per gummie)
Strawberry 10:1 (10 mg CBD, 1 mg THC per gummie)
Japanese Citrus Yuzu 2:1 (10 mg CBD, 5 mg THC per gummie)
Pomegranate Blueberry Acai 5:1 (25 mg CBD, 5 mg THC per gummie)
The Company intends to bring these additional flavours to market later in 2020.
Wana Brands is the No. 1 edibles brand in the United States, with more dollars sold than any other brand, according to BDS Analytics 2019 Brand Share Report.
ABOUT INDIVA
Indiva sets the standard for quality and innovation in cannabis. As a Canadian licensed producer, Indiva creates premium pre-rolls, flower, capsules, and edible products and provides production and manufacturing services to peer entities. In Canada, Indiva produces and distributes the award-winning Bhang® Chocolate, Wana™ Sour Gummies, Ruby® Cannabis Sugar, Sapphire™ Cannabis Salt, Artisan Batch, and other Powered by INDIVA™ products through license agreements, partnerships, and joint ventures. Click here to connect with Indiva on LinkedIn, Instagram, Twitter and Facebook, and here to find more information on the Company and its products.
CONTACTS
MEDIA CONTACT
Meagan Kelly, Marketing and Communications Specialist
Phone: 613-979-6347
Email: mkelly@indiva.com
INVESTOR CONTACTS
Anthony Simone
Phone: 416-881-5154
Email: ir@indiva.com
Steve Low
Phone: 647-620-5101
Email: stevelow@indiva.com
ABOUT WANA BRANDS
Included in the 2020 Inc. 5000 list at #2,074 and boasting a three-year growth rate of 203%, Wana Brands is the No. 1 edibles brand in the United States, with more dollars sold than any other brand, according to BDS Analytics 2019 Brand Share Report. Wana leads the industry in quality, consistency and potency, providing a range of different options that enable customers to create the specific cannabis experience they want. Wana products offer diverse product forms including edibles, vapes, and extended-release capsules, four different CBD/THC ratios as well as a variety of different dosages, onset times and duration of effects. The portfolio is designed so products can be used singly or in combination to address specific health, wellness, and recreational needs. Wana products are available in Colorado, California, Illinois, Michigan, Ohio, Arizona, Oregon and Oklahoma dispensaries, with Maryland, Missouri and Florida (as regulations allow) among the states imminently coming online. Wana Brands is now available internationally in Canada. For more information or to subscribe to Wana’s e-newsletter, visit www.wanabrands.com. Follow Wana on LinkedIn, Twitter, YouTube and Pinterest.
MEDIA CONTACT
Shawna McGregor, Publicist
Phone: 917-971-7852
Email: shawna@themaverickpr.com
DISCLAIMER AND READER ADVISORY
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has in any way passed upon the merits of the contents of this press release and neither of the foregoing entities accepts responsibility for the adequacy or accuracy of this release or has in any way approved or disapproved of the contents of this press release.
Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the parties’ current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to the Company’s future operations, future product offerings and compliance with applicable regulations. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to the parties. The material factors and assumptions include the parties being able to maintain the necessary regulatory and other third parties’ approvals and licensing and other risks associated with regulated entities in the cannabis industry. The forward-looking information contained in this release is made as of the date hereof and the parties are not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. Not for distribution to U.S. Newswire Services or for dissemination in the United States. Any failure to comply with this restriction may constitute a violation of U.S. Securities laws.
Followers
|
14
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
384
|
Created
|
01/29/18
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |