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Good morning Target Group shareholders,
We hope everyone has been well & staying safe during these unprecedented times. As the global economy begins reopening, we hope that things can return to normal as quickly as possible.
It gives us great pleasure to announce that on Friday, June 4th, 2021, Target Group Inc’s wholly-owned subsidiary, Canary Rx Inc. (“Canary” or the “Company”), received its Health Canada sales license. This Sales License will allow Canary RX to manufacture and sell Cannabis products directly to provincial distributors and other authorized Canadian retail supply channels. In addition, this license will enable the organization to execute its future CPG strategy of bringing high-quality, strategically segmented consumer brands to market and providing third-party processing and co-packing services on behalf of other licensed white-label partners.
Canary RX, through its joint venture partnership, Venn Cannabis, has been working meticulously to ensure the production of ultra-premium craft cannabis in its 44,000 square foot Simcoe, Ontario production facility. The partnership will continue to allow the delivery of Venn’s unique genetic offerings and provide a robust platform for other retail brands in the market. This will allow us to build a portfolio of whole flower consumer products. Canary RX has already successfully transacted with several additional licenced producers. Over the next 12-18 months, we are optimistic that we can establish Target Group as a leader in contract-based craft cultivation at scale within the Canadian cannabis landscape. To date, Canary RX’s products have been perceived very well in the marketplace, allowing us to secure sales with several tier 1 Cannabis producers/retailers.
Canary recently completed a $500,000 sale and is currently looking to secure multiple long-term supply agreements that will assist in cementing Canary’s long-term success with numerous partners.
In addition to obtaining our sales license and developing long-term supply agreements, Canary RX will continue to upgrade its 44,000 sq ft facility to facilitate a more efficient cultivation process. Implementing a new automated watering system and modifications to the current air flows and growing medium are some of the necessary upgrades needed to optimize the production process.
We are excited to continue offering our customers superior quality products that meet the needs of the constantly evolving and changing Cannabis market. We believe that there will always be a strong demand in this market for craft Cannabis and we intend to capitalize on it.
Stay tuned over the next few months as we continue to grow and establish Canary RX as an industry leader in delivering high-quality Cannabis products.
Warmest Regards,
Tony Zarcone
President & CEO
Target Group Inc.
905-541-3833
_________________________________________________________
Thanks for the link i_like_bb_stock. Lots of things to like in this update. Glad to see they are moving into higher margin CPG products. Canary Cannabis would be a cool brand name. Sounds like the partnership with Thrive Cannabis is going strong. Smart of them to diversify into Wholesale, CPG, and White Label production for safety. Don't put all your eggs in one basket :) Like this news :) glta
Just about back where we started...
Sold most of my shares on the last run up, but kept enough to cash in on the next run if Target and Thrive ever merge, or if Target goes cash flow positive in 2021 as guided. glta
Planet 13 sees revenue swell as tourists flock back to its Las Vegas cannabis SuperStore
https://www.proactiveinvestors.com/companies/news/950854/planet-13-sees-revenue-swell-as-tourists-flock-back-to-its-las-vegas-cannabis-superstore-950854.html
As one of Planet 13's preferred providers this is good news for 1933 as well. AMA has 50 THC products currently available at Planet 13. Upcoming earnings might surprise :) glta
Pour some sugar on it...
https://www.instagram.com/p/CQC0SJ6B12M/
Turning up the Volume: Record Q1 2021 Results for High Quality Cannabis Co.
https://stockhouse.com/news/newswire/2021/06/03/turning-up-volume-record-q1-2021-results-for-high-quality-cannabis-co
Exactly GreenIves, Why sell now unless someone makes an offer too good to refuse. Like the $400M+ Canopy just paid for Supreme. To me Qwest flower products are a cut above Supreme's because they command higher prices. The market determines who's better, and right now Qwest is #1 for premium flower :)
New exotic cultivars are a big reason why Qwest is hitting it out of the park. Check out this yummy looking Stuffed French Toast getting ready to drop on Qwest's Instagram. gl gi
https://www.instagram.com/p/CPqi3MLMmyV/
Who won the marijuana lottery?
Arizona holds drawing for 13 dispensary licenses in rural counties
https://www.azcentral.com/story/money/business/consumers/2021/04/19/arizona-marijuana-lottery-winners-dispensary-licenses/7287241002/
Good article on exactly what ATM won. glta
**NEWS** Decibel Announces Record First Quarter Results, With Sequential Strong Net Revenue Growth and Adjusted EBITDA of $2MM
https://finance.yahoo.com/news/decibel-announces-record-first-quarter-120000825.html
"These exceptional first quarter results are a testament to the strength of our brands, industry-leading product quality and ability to develop and execute an innovative product portfolio that meets the needs of today's cannabis consumer", said Cody Church, Interim CEO of Decibel. "Despite significant industry headwinds in the quarter, we delivered on our commitment of sustainable and profitable growth, while substantially strengthening our balance sheet and available liquidity."
Decibel concentrates selling like hotcakes!!! You'd think someone out there would want to add $12M in revenues to their balance sheet. I'm looking at you Canopy :) Personally I'd like to see them stay independent, but money talks... Congrats to the DB team on another record quarter!!! glta
New Qwest Apricot Kush Live Sugar Video Review
https://www.reddit.com/r/RecPics/comments/nkyu4s/live_sugar_apricot_kush_qwest_alberta/
Rave reviews like this should help sell some sugar :) Earnings tomorrow!!! glta
Decibel's Emerging Growth Conference Presentation
Qwest branded concentrates are out!!!
Saw this post of Qwest Apricot Kush Live Sugar on Reddit...
https://www.reddit.com/r/TheBCCS/comments/ng892t/qwest_apricot_kush_live_sugar/
Another new product is their Kootenay Fruit Live Resin Vape Cart...
https://getsmokeys.com/products/general-admission-kootenay-fruit-live-resin-cartridge
Glad to see the first live Qwest products coming to market. DB team doing a great job all around :)
Q1 report next week!!! glta
**NEWS** Decibel Announces Closing of Amendment to Commitment Letter and Timing of First Quarter Results on May 27
https://www.prnewswire.com/news-releases/decibel-announces-closing-of-amendment-to-commitment-letter-and-timing-of-first-quarter-results-on-may-27-301291634.html
Hey GreenIves glad to see you're still holding strong. Only one week until the Q1 report. To me it's a good sign they are announcing the results pre-market.
Q1 could be a record quarter for Decibel since it will include concentrate sales from Ontario for the first time. Especially already knowing DB had a 21.9% market share of concentrate sales across ON, BC, AB, & SK during Q1.
Exciting times for DB with Thunderchild now operational and harvesting. glta
https://www.prnewswire.com/news-releases/decibel-announces-record-market-share-provides-update-on-thunderchild-cultivation-operational-development-and-upsize-to-authorized-overdraft-301290815.html
The licenses are worth $5 million each...
https://www.phoenixnewtimes.com/marijuana/pot-lottery-will-choose-13-rural-az-dispensary-license-winners-11547551
ATM hit the lotto... Nice!!! glta
https://finance.yahoo.com/news/atm-subsidiary-sonoran-flower-secures-120000209.html
**NEWS** Decibel Announces Record Market Share, Provides Update on Thunderchild Cultivation Operational Development and Upsize to Authorized Overdraft
https://www.prnewswire.com/news-releases/decibel-announces-record-market-share-provides-update-on-thunderchild-cultivation-operational-development-and-upsize-to-authorized-overdraft-301290815.html
Nothing but good news lately GreenIves!!! #1 in concentrate and premium flower sales sounds good to me. Looks like the the upcoming Q1 report is going to be another good one. Here's the recent Q4 press release if you missed it. Can't wait for things get back to normal. Then Boom :) glta
Decibel Announces Record Year End Results, Strong Net Revenue Growth of 51% from Prior Quarter and 2nd Consecutive Period of Positive Adjusted EBITDA
https://www.newswire.ca/news-releases/decibel-announces-record-year-end-results-strong-net-revenue-growth-of-51-from-prior-quarter-and-2nd-consecutive-period-of-positive-adjusted-ebitda-855245590.html
New Investor Presentation
https://decibelcc.com/wp-content/uploads/Decibel-Investor-Presentation-Spring-2021.pdf
Canopy acquired Supreme/7 Acres for $435 million!!! Nice...
This could be a trend where big cannabis companies start buying premium brands with already established reputations for quality. Much faster than building a new brand from scratch that may or may not ever catch on with consumers.
To me this is a good sign for Decibel/Qwest that Canopy is valuing the 7 Acres brands reputation in the 100's of millions. This lays down a marker for other companies looking to acquire premium craft brands like Qwest in the future.
Hope that Decibel grows more before they get acquired, but if Canopy or someone else wants to pay top dollar right now that's fine with me :) glta
Canopy Growth to Buy Supreme Cannabis for $435 Million
https://www.thestreet.com/investing/canopy-growth-buy-supreme-cannabis-435-million
Why Ontario marijuana retail operator Cannabis Xpress is betting on tiny stores
https://mjbizdaily.com/why-ontario-marijuana-retail-operator-cannabis-xpress-is-betting-on-tiny-stores/
For rural Farmgate stores this is the way to go :) Cheaper Faster. imho glta
The new 10-K report is out...
Glad to see the company reporting 5 of its 8 flower rooms are operational with the remaining 3 coming online soon. Also happy to see the company expects to be cash flow positive in 2021.
Liking the wholesale sales model for now, but the company would be smart to move to a CPG model as soon as possible. Higher margins.
Also opening a Farmgate retail store at the Canary facility would help them reach cash flow positive results sooner. imho glta
Planet 13 promoting AMA Flower on Instagram...
https://www.instagram.com/p/CMdLhF6FtfH/
Like!!! glta
New Thunderchild grow rooms filling up quickly. Like...
https://www.instagram.com/p/CLfW2RDh6Ad/
The recent update said four of these new flower rooms had already been planted, and represented 20% of their new cultivation capacity. This would indicate they have 16 more rooms left to fill to reach 100% capacity. According to my math anyway :) Its been 2 weeks since the update so more rooms could be filled by now.
More good news. Canadian cannabis sales increased 120% in 2020 with Ontario now leading the way in new stores openings. Still adding at this level... always imho gl GI544
https://www.prnewswire.com/news-releases/decibel-cannabis-company-provides-update-on-derivative-product-sales-and-key-milestones-301229788.html
https://mjbizdaily.com/canada-tallies-ca2-6-billion-in-cannabis-sales-for-2020-up-120-over-2019/
AMA Essentials
https://www.instagram.com/p/CLsTB2yBqpb/
Bag appeal, Check.
https://www.instagram.com/p/CLr3WJGhzCJ/
1933 social media team doing a great job showing off the goods!!! Like :)
**NEWS** Canary RX Inc. Completes its First 3 Wholesale Transactions of its Cannabis to Multiple Canadian Licensed Producers
https://www.prnewswire.com/news-releases/canary-rx-inc-completes-its-first-3-wholesale-transactions-of-its-cannabis-to-multiple-canadian-licensed-producers-301234600.html
Glad to see Target's Canary RX cultivation facility is now in the revenue generating stage of its operations. Also glad to see the dried flower JV partner Thrive is producing at Canary is enough to supply themselves and other LP's as well.
Still think they would be smart to merge to help raise public capital for expansion. Thrive's Greybeard products are popular and just getting started. Might need more capacity soon. Great News!!! Congrats Target / Thrive teams!!! always imho glta
https://www.reddit.com/r/RecPics/comments/lnzhcr/greybeard_afghani_drifter_208_terps_very_frosty/
GI544, Great article explains why Decibel is undervalued...
Glad to see Decibel promoting their major achievements since the merger. The biggest being Decibel is now one of few profitable cannabis companies in Canada.
To me this article puts all DB's moving parts together in a understandable way. This information should make clear that Decibel is succeeding in the marketplace, and the share price should begin to reflect that success.
Looking forward to the next quarterly report with a full quarter of concentrate revenues included. That could be the final catalyst we need to blast off like GTEC and other craft peers. imho glta
Investing in Cannabis Companies Is Like Weed Itself – Look for Quality
https://stockhouse.com/news/newswire/2021/02/23/investing-cannabis-companies-is-like-weed-itself-look-for-quality
Alkame Holdings, Inc. Shares Rise On PPE Hand Sanitizer Purchase Order, Company Expects Follow-On Orders As Pandemic Rages On
http://www.digitaljournal.com/pr/4982913
Like :) glta
New RAD Concentrates Now Available in BC...
RAD Indica Shatter $46.99, one gram size
RAD Indica Shatter is produced via hydrocarbon extraction to produce a golden and brittle concentrate with pungent aroma and flavour. This extract is crafted from a single indica strain.
RAD Sativa Shatter $46.99, one gram size
RAD Sativa Shatter is produced via hydrocarbon extraction to produce a golden and brittle concentrate with pungent aroma and flavour. This extract is crafted from a single sativa strain.
RAD Indica Crumble $46.99, one gram size
RAD indica crumble is produced via hydrocarbon extraction to produce a product with a waxy crumble consistency. This extract has been crafted from an indica strain.
RAD Sativa Crumble $46.99, one gram size
RAD Sativa crumble is produced via hydrocarbon extraction to produce an end product with a waxy crumble consistency. This extract is crafted from a single sativa strain.
Products 70%-85% THC
https://www.bccannabisstores.com/collections/extracts/brand-rad
RAD is currently the best value for shatter and crumble @ BC Cannabis stores. Like :)
Congrats to the Heritage team on the RAD BC launch. Looking forward to seeing it everywhere :) glta
Thanks for the link Marillionaire...
Pretty cool of them to do a monthly update. Looks like they just launched a new live resin vape cart, Elysium Fields Black Label. Great that Golden Leaf can produce their own products for higher margins. Especially when they sell them at their own stores. To me GLH has too much revenue to stay at this level for long. imho glta
Enjoying a delicious Mint tea on a beautiful day. Which flavor is your favorite so far?
https://www.instagram.com/p/CLaNAPIHMui/
https://www.phasetea.biz/collections/tea-time
Great looking product. Hope they sell a ton!!! glta
Heritage Cannabis sees strong interest in recreational products as they launch medical products
https://www.proactiveinvestors.com/companies/news/941604/heritage-cannabis-sees-strong-interest-in-recreational-products-as-they-launch-medical-products-941604.html
Glad to see Heritage expanding capacity to fill increased demand for themselves and other customers. Heritage has proprietary direct to vape technology that produces the full spectrum products everyone wants these days.
Also glad to hear the new RAD value brand is getting lots of orders. Right now concentrate makers are sitting pretty with a glut of high quality low cost wholesale cannabis available for extraction.
To me Heritage is well ahead of the competition by producing full spectrum vape carts at value prices. Now is when extraction technology will separate the winners from the losers. Adding :)
Always imho glta
To me this update finally validates our patience. There are so many good things to unpack from this release.
The new Thunderchild facility already 20% planted, revenue expected next quarter. #1 in concentrate sales across BC, AB, & SK in last sixty days. #3 in concentrate sales in Ontario one month into sales. Preparing to launch premium Qwest branded vapes and concentrates. Reaffirmed DB is still one of few cannabis companies showing profitable results.
GI544, I don't understand why one of the top selling premium brands in Canada is still selling for pennies. Not to mention the six retail stores contributing revenues. Mystery to me, but still bullish and buying :) gl
**NEWS** Decibel Cannabis Company Provides Update On Derivative Product Sales and Key Milestones
https://www.prnewswire.com/news-releases/decibel-cannabis-company-provides-update-on-derivative-product-sales-and-key-milestones-301229788.html
Since September 2020, Decibel has launched a total of 26 vape and concentrate SKUs into the recreational market across five provinces including British Columbia, Alberta, Saskatchewan, Manitoba, and Ontario. In January, Decibel achieved a 22% market share in concentrates and a 9% market share in vape categories across British Columbia, Alberta, Saskatchewan, and Ontario
GI544, More Great Numbers!!! In just 5 months DB already has 22% market share in concentrates and 9% in vapes. That's a big chunk of market share across four provinces including Ontario. Forced me to buy more when I'm already loaded :) Good things happening here... imho glta
HERE'S WHAT LUXURY HAND SANITIZER LOOKS, FEELS, AND SMELLS LIKE
https://coveteur.com/2020/11/11/luxury-hand-sanitizers/
Maybe Alkame should be selling its sanitizer for luxury prices too. They use premium/luxury ingredients like organic green tea so why not go upscale. Just need fancier bottles :) ALKM on the move... glta
**NEWS** Heritage Cannabis Provides Corporate Update on Positive Canadian Recreational Product Uptake and Launch of Medical Products
Purefarma, Pura Vida, Premium 5, RAD and feelgood brands make a push in Ontario, B.C., Alberta and across Canada, bringing high-demand products to consumers.
Opticann’s VESIsorb® formulations are preparing to launch online and through major U.S. retailers.
https://finance.yahoo.com/news/heritage-cannabis-provides-corporate-positive-120000862.html
Heritage making rapid progress on all fronts!!! Like :) glta
Alkame receives Initial Purchase Order of Hand Sanitizer Single Use Packets for Canadian Market
https://finance.yahoo.com/news/alkame-receives-initial-purchase-order-130000874.html
"Our product quantity is significantly larger than competitors in the marketplace and the quality is super. Our single use sanitizer packet is produced not only with isopropyl but with organic green tea loaded with antioxidants that is brewed in alkaline water."
Like :) glta
Decibel vs Sundial
Share Price-
Decibel $.14
Sundial $2.08
Outstanding Shares-
Decibel 350 Million
Sundial 1.56 Billion
Last quarterly revenues-
Decibel $7.6 Million (EBITDA Positive)
Sundial $12.9 Million ($71.4M Net Loss)
https://www.fool.com/investing/2021/02/09/sundial-growers-the-209-gain-no-one-saw-coming/
https://www.prnewswire.com/news-releases/sundial-reports-third-quarter-2020-financial-results-301171345.html
https://www.prnewswire.com/news-releases/decibel-announces-net-revenue-increases-of-29-from-prior-quarter-first-period-of-positive-adjusted-ebitda-and-results-of-annual-meeting-301180547.html
To me Decibel is the best value by far. Upcoming report could really surprise with DB's first full quarter of concentrate revenues included. Fingers crossed... glta
Harvest Day
https://www.instagram.com/p/CLUsyAMhth5/
Beauties!!!
**New** Citizen Stash Sundae Driver Released In BC...
Sundae Driver is hugely popular in California, and Citizen Stash might be the first to launch it in Canada. Hope to see more popular Cannardo Genetics in the future. Congrats to the EXP team once again!!!! Like Like Like!!!
https://www.respectmyregion.com/cannarado-genetics-strains/
https://www.instagram.com/reallycannarado/?hl=en
https://www.bccannabisstores.com/collections/new-products/products/sundae-driver
Citizen Stash Products available at BC Cannabis Stores
Sundae Driver $39.99
Ice Cream Gelato $37.99
MAC 1 $49.99
MAC 1 Pre-roll $14.99
Strawberry MAC Gummies $7.99
Yummy Choices... glta :)
Flint & Embers Flower Sold Out In BC...
https://www.instagram.com/p/CLKr0zZs3sq/
Great news!!! Congrats to the MJardin Team!!!
https://www.flintandembers.com/products/hyperion
New Premium 5 Products at BC Cannabis Stores
Lemon Margy THCA Diamonds $59.99 half gram
Premium 5 Lemon Margy THCa Diamonds are crafted from fresh-frozen, single-strain whole and are cured to produce crystalline diamonds. This creation produces a great terpene range and rich aromas of bright key lime cola.
Lemon Margy Live Resin Caviar $54.99 half gram
Premium 5 Lemon Margy Live Resin Caviar is a concentrate that has been extracted via hydrocarbons from fresh frozen whole-buds to create a product with a diamond and sauce like consistency. This creation has a honey colour, 4-10% terpene range, and aromas of bright key lime and cola.
https://www.bccannabisstores.com/collections/extracts/brand-premium-5
Beautiful high margin concentrates. This acquisition was a huge win for Clint and Heritage. Premium 5 is now the engine that will drive the train. imho glta
Ontario authorizes 420th cannabis retail store
https://lfpress.com/cannabis-news/ontario-authorizes-420th-cannabis-retail-store
This year will be so much better for Canadian cannabis sales with Ontario finally approving new stores at record pace. Citizen Stash is sitting pretty with plenty of premium product waiting for the new stores to order and also available on the OCS website. Like :)
Citizen Stash products currently available in Ontario.
Flower-
MAC 1 $59.95
Sunset Sherbet $51.95
Stonewall $41.95
Sage N'Sour $39.95
Pre-rolls-
MAC 1 $17.95
Sunset Sherbet $15.95
Stonewall $12.95
Sage N'Sour $12.50
Great selection at multiple price points. THC ranges between 20%-28% depending on the product. Like :) glta
EXP moving quickly on all fronts...
EXP's CEO laid it out plainly on the investor call how they plan to increase revenues to $100M and beyond. It looks like he finally got the markets attention. Glad to see the craft growers finally getting the attention they deserve. Like :) glta
https://www.prnewswire.com/news-releases/experion-to-webcast-live-at-virtualinvestorconferencescom-on-february-4th-2021-at-400pm-est--100-pm-pst-301219777.html
The CEO's webcasts are getting the word out...
It was nice leisurely accumulating this past year watching the Citizen Stash brand take off. Looks like those undervalued shares are running out. The CEO said they will be reporting another record quarter next month. Just getting started :) imho glta
Golden Leaf's annualized run rate is now $24M, based on $6.2M reported last quarter. Now that they are cash flow positive shouldn't the market cap be 4-5 x annual revenues. Somewhere around $100M, not the current $68M. Seems too low for the revenue they produce. Took a starter in case I'm right :) glta
https://www.globenewswire.com/news-release/2020/11/19/2130517/0/en/Golden-Leaf-Holdings-Announces-First-Cashflow-Positive-Quarter-and-Record-Quarterly-Revenues.html
GI544, Thunderchild harvested their first crop today!!!
https://www.instagram.com/p/CLF2sEcBh1P/
Agree. The market hasn't really responded to the Thunderchild news the way we thought it would. Yet. Once it sinks in that they will now be producing 9M grams annually, times their last reported average wholesale flower price $8.68 per gram = $78.1M. Decibel's current market cap is silly now that Thunderchild is operational and harvesting. imo
Plus they have popular premium products that quickly sell out. Now with Thunderchild's craft at scale abilities they could even lower prices to undercut their premium competition. Decibel will have its day, and hopefully it's the big one they deserve :) always imho... gl GI544
https://www.prnewswire.com/news-releases/decibel-announces-receipt-of-cultivation-license-for-the-thunderchild-facility-and-director-resignations-301218281.html
https://www.prnewswire.com/news-releases/decibel-announces-net-revenue-increases-of-29-from-prior-quarter-first-period-of-positive-adjusted-ebitda-and-results-of-annual-meeting-301180547.html