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Yeah, hang on. Just about everything is dropping!!!
It could get worse before it gets better!
I’m holding and yes even picking up some real bargains!!!
MADLONG2029
It heavily shorted, however it’s a winner in the long term!!!
MADLONG2029
I too voted no, however it’s going to pass.
I know they are just authorized, but the optics look bad and now they are one set away from an enormous increase in shares!
I’m long here so I’ll probably double up at these prices and wait for production to begin, sales already in solid contracts!
MADLONG2029
That’s all you’re betting on, and I mean bet. This company has been used as a print and sell stock shares business, no real business!!!
I will not be investing!!!!!!
MADLONG2029
That’s all you’re betting on, and I mean bet. This company has been used as a print and sell stock shares business, no real business!!!
I will not be investing!!!!!!
MADLONG2029
They have tens of millions of gallons pre ordered for 2023, 2024 and 2025.
MADLONG2029
Gevo Inks Largest Supply Agreement To-Date for Renewable Fuels
ENGLEWOOD, Colo., Dec. 07, 2021 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ: GEVO) has a new partner: Kolmar Americas Inc. (“Kolmar”). Kolmar and Gevo have entered into a financeable fuel supply agreement for 45 million gallons per year (on a neat basis) of renewable, energy-dense liquid hydrocarbons that are expected to be produced from Gevo’s second Net-Zero production facility, Net-Zero 2. Kolmar is a wholly owned subsidiary of Kolmar Group AG that is a privately held service provider, manufacturer, and marketer of renewable fuels headquartered in Zug, Switzerland.
The agreement with Kolmar demonstrates that Gevo is continuing to diversify its partner base geographically as it grows its presence on the global stage. The fuel supply agreement provides for Gevo to supply Kolmar with renewable hydrocarbons, including sustainable aviation fuel (“SAF”) and isooctane that is a key component of renewable premium gasoline.
Gevo expects to supply 45MGPY of renewable fuels to Kolmar from its Net-Zero 2 plant that is currently being developed in the Mid-West of the United States. Deliveries to Kolmar would represent the entire plant output based on Net-Zero 2’s current design. Under the fuel supply agreement, Net-Zero 2 is expected to generate approximately US$300 million per year of gross revenue, including revenue from environmental benefits. With protein and corn oil co-product sales, Net-Zero 2 is estimated to generate gross revenues of approximately US$350 million per year. Over the eight years of the agreement, Net-Zero 2 all-in, gross revenue is estimated to be up to approximately US$2.8 billion, inclusive of renewable fuels and related products for the food chain.
According to Raf Aviner, President of Kolmar Americas, Inc.: “In addition to our traditional businesses, Kolmar is dedicated to commercial development and optimization of leading-edge low carbon products and technologies. We are excited to align Kolmar’s global supply reach, logistics, and regulatory capabilities with GEVO’s Net-Zero 2 production of cutting-edge low carbon aviation and gasoline fuels to get these advanced, sustainable products to the varied global markets that need and want them the most.”
“With this agreement, Kolmar is investing in the future, and this kind of foresight makes for another excellent partner and should make clear to our investors that we have traction in the market,” said Dr. Patrick R. Gruber, Gevo’s Chief Executive Officer. “We have great potential in our business system to reinvent what is possible. Our system translates well because we actively address food security with the high-value nutritional products that our process generates simultaneously as we produce our advanced renewable fuels. Both products come from the same acre of farmland and add to our environmental benefit.”
The fuel supply agreement with Kolmar is subject to certain important terms and conditions. A copy of the fuel supply agreement with Kolmar has been filed with the U.S. Securities and Exchange Commission on Form 8-K.
MADLONG2029
Not at the moment, and has not been a delusion, split and repeat! However the shorts have it as a play ball. So there is money to be made there.
MADLONG2029
Yes, I doubled up at $19, IMO this will be much higher in the next few years!
MADLONG2029
I would agree with everything you wrote!!!
MADLONG2029
Close, I have Ford and they moved up today because Od similar reasons!!!
Commitment to EV vehicles!
MADLONG2029
Agree 100%! Just got in myself at just over $20!!!
Madlong2029
Yes my PLUFF converted to LIACF, however I have what I believe to be the warrant shares that have not fully converted and still have no designation…
MADLONG2029
Slow and steady wins the race!
MADLONG2029
4Front Bets Big on California with Massive Cannabis Processing Facility
June 10, 2021 at 1:50 pm
Exclusive Interview with 4Front Ventures CEO Leo Gontmakher by Carrie Pallardy
4Front Ventures (CSE: FFNT) (OTCQX: FFNTF) has taken its low-cost model of production, developed in Washington, to multiple states and continues to look for ways to expand. CEO Leo Gontmakher spoke with New Cannabis Ventures about the company’s footprint across the United States, its plans for the California market and how the company is positioning itself to be a long-term winner in the cannabis industry. The audio of the entire conversation is available at the end of this written summary.
The Big Five at 4Front
Gontmakher refers to the core leadership team at 4Front as “the big five.” He started his career working with his father’s seafood business, gaining experience in production management, accounting, sales, branding and logistics. He also has startup experience; Gontmakher always knew he would want to be involved in the cannabis industry when legalization began.
The other four members of the core leadership team include President Karl Chowscano, COO Joe Feltham, EVP of Finance Jake Wooten and CIO Andrew Thut.
4Front emphasizes the importance of culture, from its leadership team to the people working at the facility level, according to Gontmakher.
Washington
Washington does not allow out-of-state companies to own cannabis licenses. 4Front is involved in the market as a real estate owner. The company’s tenant, producer and processor Northwest Cannabis Solutions, has become the largest edibles player in the state and the second largest in flower, according to Gontmakher.
As a landlord, 4Front provides branding, SOPs and IP contracts to its tenant. Over the years of being in that challenging cannabis market, the company has honed its low-cost production strategy. Now, all of its facilities yield 400 grams per square foot per year or higher, according to Gontmakher.
Beyond cultivation, the company focuses on automation and packaging to help keep its cost of production low. 4Front has a centralized purchasing team that buys all non-cannabis inventory across its footprint to help push the price down, according to Gontmakher.
While this low-cost model has helped 4Front grow in other markets, the future of Washington remains uncertain. There is a push to allow out-of-state ownership in the state, but it has yet to come to fruition. As a result, the company is not currently looking at M&A in the state. Instead, it continues its strong tenant relationship.
Expanding Footprint
4Front is vertically integrated in Massachusetts and Illinois. It has three retail locations in Massachusetts and two in Illinois. Additionally, the company is building out phase one of a 90,000-square-foot grow and an 80,000-square-foot processing facility in Illinois. The company has also been in conversation with social equity partners in Illinois, looking for ways to honor its advocacy roots, according to Gontmakher.
The company also has a standalone retail store in Michigan.
California Plans
4Front sees California as a key market for long-term, large-scale success. It plans to open a 170,000-square-foot manufacturing facility in the state later this month. Given how much biomass is available in the state, the company opted to focus solely on manufacturing. The new facility has 10 times the production capacity of the company’s tenant in Washington, utilizing approximately a third of the people, according to Gontmakher. The facility is the next step in the company’s push for automation and low-cost production.
The company will be bringing 10 of its top brands to the California market. It already has a distribution license as a part of the facility, and it has chosen Nabis as its distribution partner.
Growth Strategy
4Front is approaching growth with an open mind. It has an application pending in New Jersey. It is considering the possibility of expanding its footprint in Michigan and going fully vertical. The Florida market is also of interest.
The current licensed portfolio offers 4Front plenty of opportunities, but it is open to the right kind of M&A. The company would be interested in deals that come with a good team and neutral or positive cash flow. 4Front would be open to deals that would take it into new markets or allow it to expand in its current markets.
Since its inception, the company has focused on low-cost operations. Whenever federal legalization comes to pass, Gontmakher anticipates that more competition will enter the market and prices will plummet. As the company continues to focus on lowering prices, increasing efficiency and ramping up scale, it is positioning itself to be a winner in that landscape, according to Gontmakher.
Fundraising Flexibility
The company is funded for all of its projects in 2021 and going into 2022, according to Gontmakher, and is cash flow positive. 4Front will continue to grow organically unless the right kind of M&A comes along.
If the company does decide to pursue a deal and more fundraising, it has options. Over the course of its history, 4Front has done equity deals, convertible debt and sale-leasebacks. It is still approximately 60 percent insider-held, and Gontmakher is confident in the company’s ability to raise capital.
Growth Drivers
The opening of the company’s second Illinois store late last year, the opening of its third store in Massachusetts this year and the soon-to-be-online manufacturing facility in California are key growth drivers in 2021.
Efficiency remains a vital theme for 4Front. The company monitors its cultivation and production metrics, looking for ways to drive more automation and innovation for new products. The company also carefully monitors its employee culture to ensure its people are engaged and helping to drive success.
That team factor will remain important as the company works to launch its California facility and move forward with its large construction project in Illinois.
MADMAFundraising Flexibility
The company is funded for all of its projects in 2021 and going into 2022, according to Gontmakher, and is cash flow positive. 4Front will continue to grow organically unless the right kind of M&A comes along.
If the company does decide to pursue a deal and more fundraising, it has options. Over the course of its history, 4Front has done equity deals, convertible debt and sale-leasebacks. It is still approximately 60 percent insider-held, and Gontmakher is confident in the company’s ability to raise capital.
Growth Drivers
The opening of the company’s second Illinois store late last year, the opening of its third store in Massachusetts this year and the soon-to-be-online manufacturing facility in California are key growth drivers in 2021.
Efficiency remains a vital theme for 4Front. The company monitors its cultivation and production metrics, looking for ways to drive more automation and innovation for new products. The company also carefully monitors its employee culture to ensure its people are engaged and helping to drive success.
That team factor will remain important as the company works to launch its California facility and move forward with its large construction project in Illinois.
MADLONG2029
I can’t believe there not converted already, it’s been weeks!!!
MADLONG2029
Yes an update would be most helpful!
MADLONG2029
Why do you say that John???
Makes no sense to me.....
Help me see the benefits?
MADLONG2029
I too sold just over $9 800 shares.
MADLONG2029
Me either, it’s my experience that it takes around 5 to 10 days for it to be switched over.
MADLONG2029
Amen!!!!
We’re on the NASDAQ!!!
MADLONG2029
Checked my Trash files and they were!!!
MADLONG2029
I am a shareholder and got no letter.
MADLONG2029
I saw that, good price for sure!
Just stinks that literally days after the R/S they add to the share count. That’s all!
I agree it was a minor, just doesn’t set right as a shareholder.
MADLONG2021
And the dilution begins....
MADLONG2029
I would agree with you and Steven on that!
I’ve been adding on the dips in anticipation of someone buying them!
MADLONG2029
I'm out.
At least for now.
600% profit needed to be taken!!!!!
Got in at sub penny...
MADLONG2029
Scum, welcome aboard!
No complaining here, I'm in at .31 after averaging up awhile ago when I doubled my stack.
How's Halo doing?
MADLONG2029
I agree, cause I'm not feeling much like a winner right now!
MADLONG2029
I honestly can’t gage the response or the upcoming vote.
I will be voting in favor of the transaction.
MADLONG2029
Lithium Demand Could Get Boost from Future Fusion Facilities, According to New Scientific Proposal
8:55 am ET March 30, 2021
USA News Group - Researchers at the US Department of Energy's (DOE) Princeton Plasma Physics Laboratory (PPPL) have proposed a new process involving lithium, that could make a huge impact on future energy production. The idea is to have liquid lithium assist in controlling the extreme excess heat created in the process of nuclear fusion, such as what's being constructed at ITER, the world's largest nuclear fusion project, that's scheduled to go online in 2025. Analysts already predicted the world's lithium supply will triple by 2025, but also asked whether that supply would be enough. By introducing another breakthrough use of lithium, demand could significantly increase, putting more pressure on the industry's developers and producers to deliver, such as Lithium South Development Corporation (OTCQB: LISMF) (TSX-V: LIS), Piedmont Lithium Limited (NASDAQ: PLL), Lithium Americas Corp. (NYSE: LAC) (TSX: LAC), American Lithium Corp. (TSXV: LI) (OTCQB: LIACF), and E3 Metals Corp. (TSX-V: ETMC) (OTCPK: EEMMF).
Said to be one of the most complicated engineering projects in human history, the biggest catch for fusion energy so far has been that the process reactions generate very hot. As per the DOE proposal, liquid lithium could be used to keep the full force of the extreme heat from hitting the reactor's divertor, and radiate away much of the unwanted excess energy.
But before that lithium gets utilized for fusion, buyers of the metal will be in fierce competition for supply--as shortages are already on the horizon, thanks to accelerated sales of electric cars, which again are expected to explode by 2025.
As technological advances involving the consumption of lithium have gathered headlines, so too has interested piqued in the field of its production.
Located within the heart of what's known as the Lithium Triangle in South America (spanning Argentina, Bolivia, and Chile), Lithium South Development Corporation (TSX.V:LIS) (OTCQB: LISMF) is embarking on a project to prove the feasibility of a new way of producing lithium called Direct Lithium Extraction (DLE).
Together with partners Chengdu Chemphys Chemical Industry Co. and their parent company Sino Lithium Materials Pty. Ltd., Lithium South's efforts on its Hombre Muerto North Lithium Project (HMN Project) are set to draw the attention of many around the world who believe a faster, greener, more efficient method of lithium extraction is possible.
Located in Salta and Catamarca Provinces, Argentina, the HMN project comes supplied with a suitable runway for testing the capabilities of DLE. A previously calculated NI 43-101 resource estimate on the property projected a Measured and Indicated Resource of 571,000 tonnes LCE with >750 mg/L Li, and a low Mg/Li ratio, and over 1.6 million tonnes of potash (KCI) equivalent.
The HMN Project's property is adjacent to land under development by Korean multinational corporation POSCO, which acquired its ground from Galaxy Resources for US$280 million.
The theory surrounding DLE gains much of its excitement from its potential ability to significantly increase a production site's speed, recoveries, and supply security. Instead of requiring several months to years to produce lithium from solar evaporation, it's believed that DLE could potentially bring production time down to mere hours.
Sino Lithium is developing the proprietary DLE process which is currently under development. The on-site environmental footprint is projected to be significantly smaller than current industry methods which require the construction of large evaporation ponds.
Work to date by an 11-member technical team has been conducted at Chemphys's production and technology centre outside Chengdu, China, which is an ISO 9000 and ISO 14001 certified facility. To validate test work completed to date by Sino Li and Chemphys, Hains Technology Associates of Toronto, Ont., Canada, has been retained to provide a technical review and qualified person validation. Check sampling has been completed and results are currently under review.
Within a previously conducted Preliminary Economic Assessment utilizing traditional evaporation methods, the HMN Project was projected to only cost US$98 million in capex. As per the terms of their partnership agreement, Chemphys has a 100% off-take agreement in place for the HMN, while SinoLithium has agreed to fully fund the DLE laboratory and pilot testing programs under QP supervision, and 30% of the cost of the Feasibility Study.
Another DLE project that's being given attention is that of E3 Metals Corp. (TSXV:ETMC) (OTC:EEMF), which opened its own DLE development and testing facility in Calgary, Canada.
The new facility is set to be the site of the company's continued progression towards commercialization of their technology. This includes the scale-up and lab prototype campaign in preparation for the field pilot plant.
Unlike the more traditional grounds for lithium extraction, however, E3 plans to selectively extract lithium directly from oilfield brine sourced from the Leduc Reservoir within the company's resource area.
American Lithium Corp. (TSXV:LI) (OTC:LIACF) is also working towards new innovative, and economical production of lithium--utilizing both hydrometallurgical and thermal processing methods.
The company's goal is to produce the lowest-cost battery grade lithium compounds in North America. Late last year, American Lithium announced it had continued a drilling program to expand its resource and provide bulk sample materials for additional processing options at its TLC Lithium Project in Nevada. Results from the Phase III drill campaign have yet to be released publicly, as of this publication.
Thanks to endorsement articles for lithium-ion battery technology, such as a recent piece from the Wall Street Journal, other traditional lithium producers have also seen their stocks reap the benefit of good press.
Back in January, Lithium Americas Corp. (NYSE:LAC) (TSX:LAC) successfully closed a US$400 million public offering, further adding confidence in the company's coffers. The net proceeds from the offering were said to be intended for use in the development of the Thacker Pass lithium project in Nevada--which is set to be the biggest lithium deposit in the US.
Lithium Americas is also set to produce within the Jujuy province of Argentina, on its Cauchari-Olaroz project. Construction of the low-cost brine project is expected to be completed by the end of 2021.
After announcing its intent to re-domicile officially to the United States, Piedmont Lithium Limited (NASDAQ:PLL) has shifted its focus towards North American assets, including on its 2,126-acre landholding in North Carolina, USA.
Most recently, the company also announced a strategic investment in Quebec hard-rock lithium developer Sayona Mining. The investment came shortly after Piedmont signed a deal with electric car manufacturer Tesla, committing one third of Piedmont's total production of spodumene concentrate to Elon Musk's electric vehicle company annually over the next 5 years.
For More Information, please visit: https://lithium-news.com/2021/03/03/doubling-of-global-lithium-demand-expected-to-power-ev-battery-revolution
Article Source:
USA News Grouphttp://USAnewsgroup.cominfo@usanewsgroup.com
MADLONG2029
Plateau Energy Metals Provides Update On Arrangement With American Lithium
GlobeNewswire - Wed Mar 10, 6:25AM CST
Plateau Energy Metals Inc. ("Plateau" or the "Company") (TSX-V: PLU | OTCQB: PLUUF) announces that the Special Meeting (the "Special Meeting") of its security holders in connection with its previously announced business combination ("Arrangement") with American Lithium Corp. ("American Lithium") is scheduled to be held on May 3, 2021. Materials for the Special Meeting will be mailed to shareholders and optionholders of record as of the close of business on March 26, 2021. Further details about the Arrangement are set out in the news release of February 9, 2021 and in the information circular to be filed on SEDAR and mailed to shareholders and optionholders of Plateau at the beginning of April. All shareholders and optionholders of Plateau are urged to read the information circular once available, as it will contain important additional information concerning the Arrangement.
The Arrangement will be carried out by way of a court-approved plan of arrangement under the Business Corporations Act (Ontario) and will require the approval of: (i) at least 66 2/3% of the votes cast by all Plateau shareholders; (ii) at least 66 2/3% of the votes cast by all Plateau shareholders and all holders of Plateau stock options voting together as a single class; and (iii) and a simple majority of the votes cast by all Plateau shareholders excluding certain interested or related parties as required by Multilateral Instrument 61-101, in each case by securityholders present in person or represented by proxy at the securityholder meeting.
Closing of the Arrangement is subject to the receipt of applicable regulatory approvals and the satisfaction of certain other closing conditions customary in transactions of this nature, including, without limitation, approval of the Ontario Superior Court of Justice and the TSX Venture Exchange. Closing of the Arrangement is anticipated to occur in May 2021.
Immediately following the completion of the Arrangement, Plateau will become a wholly owned subsidiary of American Lithium, while former Plateau shareholders will own approximately 21% of American Lithium's shares on an outstanding undiluted basis upon completion of the Arrangement.
The Arrangement has been unanimously approved by the board of directors of both American Lithium and Plateau, and the directors of Plateau, based on the recommendation of a special committee of independent directors of Plateau, recommend that Plateau shareholders and optionholders vote in favour of the Arrangement. Directors and officers of Plateau and certain shareholders have entered into customary voting support agreements, representing in aggregate approximately 17% of Plateau's outstanding common shares, to vote in favour of the Agreement.
About Plateau Energy Metals
Plateau Energy Metals Inc., a Canadian exploration and development company, is enabling the new energy paradigm through exploring and developing its Falchani lithium project and Macusani uranium project in southeastern Peru, both of which are situated near significant infrastructure.
About American Lithium
American Lithium (TSXV:LI | OTCQB:LIACF | Frankfurt:5LA1) is actively engaged in the acquisition, exploration and development lithium deposits within mining-friendly jurisdictions throughout the Americas. The company is currently exploring and developing the TLC lithium project located in the highly prospective Esmeralda lithium district in Nevada. TLC is close to infrastructure, 3.5 hours south of the Tesla Gigafactory, and in the same basinal environment as Albemarle's Silver Peak lithium mine, and several advancing deposits and resources, including Ioneer Ltd.'s (formerly Global Geoscience) Rhyolite Ridge and Cypress Development Corp.'s Clayton Valley Project.
For further information, please contact:
Plateau Energy Metals Inc.
Laurence Stefan, Director, Facebook: www.facebook.com/pluenergy/
President & Interim-CEO Twitter: www.twitter.com/pluenergy/
+1-416-628-9600 Website: www.PlateauEnergyMetals.com
IR@PlateauEnergyMetals.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
This news release contains certain forward-looking information and forward-looking statements (collectively "forward-looking statements") within the meaning of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements. These include statements regarding the intent of American Lithium and Plateau (the "Companies"), or the beliefs or current expectations of the officers and directors of the Companies post-closing of the Arrangement. Forward-looking statements in this news release include, but are not limited to, statements regarding anticipated benefits of the Arrangement, the closing of the Arrangement, TLC and Falchani (the "Projects") and any statements regarding the business plans, expectations and objectives of the Companies.
MADLONG2029
Looking forward to it!!!
MADLONG2029
High Tide Q1 Revenue Increases 54% Sequentially to $38.3 Million
March 31, 2021 at 7:11 pm
Published by NCV Newswire
High Tide Reports First Quarter 2021 Financial Results Featuring a 179% Increase in Revenue and Record Adjusted EBITDA of $4.6 Million
CALGARY, AB, March 31, 2021 /PRNewswire/ – High Tide Inc. (“High Tide” or the “Company”) (TSXV: HITI) (OTCQB: HITIF) (FRA: 2LY), a retail-focused cannabis corporation enhanced by the manufacturing and distribution of consumption accessories, filed its financial results for the first fiscal quarter of 2021 ending January 31, 2021, the highlights of which are included in this news release. The full set of Condensed Interim Consolidated Financial Statements and Management’s Discussion and Analysis can be viewed by visiting High Tide’s website at www.hightideinc.com, its profile page on SEDAR at www.sedar.com.
First Quarter 2021 – Financial Highlights:
Revenue increased by 179% to $38.3 million in the first quarter of 2021 compared to $13.7 million in the same quarter last year. The first quarter of 2021 financial results incorporate the acquisition of META Growth Corp. on November 18, 2020.
Gross profit increased by 208% to $14.8 million in the first quarter of 2021 compared to $4.8 million in the same quarter last year.
Gross profit margin in the first quarter of 2021 was 39% compared to 35% in the same quarter last year.
Adjusted EBITDA(1) for the first quarter of 2021 was $4.6 million compared to negative $0.8 million for same quarter last year.
Geographically in the first quarter of 2021, $34.2 million of revenue was earned in Canada, $3.9 million in the United States and $0.2 million internationally.
Segment-wise in the first quarter of 2021, $36.8 million of revenue was generated by Retail, $1.5 million by Wholesale, and an immaterial amount by Corporate.
Cash on hand as at January 31, 2021 totaled $16.6 million compared to $7.5 million as at October 31, 2020. The Company’s cash balance has subsequently increased to approximately $33 million as of today.
“I am extremely proud of our team for delivering the highest quarterly profit in High Tide’s history. Despite facing the same challenges that all retailers have confronted during this pandemic, we recently crossed the 80-store milestone across Canada. Between the commencement of our application to list on the Nasdaq and the subsequent filing of the 40-F form with the SEC, and securing the acquisition of Smoke Cartel, the first quarter of 2021 has seen our team deliver on significant milestones that will drive future growth,” said Raj Grover, President and Chief Executive Officer.
Fiscal First Quarter 2021 – Operational Highlights:
The Company completed the acquisition of META Growth Crop. and became the leading Canadian cannabis retailer by annualized revenue.
The Company’s common shares moved up to the TSX Venture Exchange.
The Company extended the maturity date on a $10.0 million credit facility with Windsor Capital to December 31, 2021 with a subsequent one-year extension to December 31, 2022 and a reduction of interest rate from 11.5% to 10.0%.
The Company entered into a loan agreement for $6.75 million maturing on December 31, 2024 of an undrawn balance on a $20.0 million credit facility obtained through the acquisition of META Growth Corp. Additionally, the Company extended maturity of META’s existing debt to December 31, 2024 and a reduction of all-inclusive interest rate from 12.5% to 10.0%. As of the date of this press release, the $6.75 million facility remains undrawn.
Approximately $7.4 million of debt converted into the Company’s common shares.
The Company opened three cannabis retail locations under the Canna Cabana and META banners: one in Guelph, Ontario, one in Toronto, Ontario, and one in Calgary, Alberta.
Subsequent Events:
The Company closed an oversubscribed bought deal equity financing for gross proceeds of $23 million.
After the first quarter of 2021, approximately $23 million of debt converted into the Company’s common shares.
The Company announced filing of Form 40-F with the U.S. Securities and Exchange Commission fulfilling a significant milestone for the NASDAQ listing.
The Company completed the acquisition of Smoke Cartel, Inc. (OTCQB: SMKC) for US$8.0 million.
Between February 1, 2021 and the date of this press release, the Company opened nine cannabis retail locations: seven in Alberta and two in Ontario.
Through the COVID-19 pandemic, all retail branded locations have remained operational, despite the complex conditions facing the retail industry across Canada. The Company has been nimble and adapted to frequently changing regulations – often at a municipal level – including launching delivery services to continue serving customers.
Outlook
With the transaction of META having closed, the Company has solidified its leadership position in Canada. High Tide remains focused on the Ontario market. While pandemic restrictions caused a delay in construction in much of the province, the Company is encouraged by the Alcohol and Gaming Commission of Ontario’s decision on February 16, 2021 to increase the pace of Retail Store Authorizations it issues from 20 to 30 a week. The Company expects to reach 30 open stores in the province by September 30, 2021, the date on which the cap for any one retailer can own is set to increase from 30 to 75.
While competition is increasing in the Alberta cannabis market, the Company has still been able to find pockets of areas where it believes it can profitably open new stores. With the slowdown in construction in Ontario, the Company has increased the pace of buildouts in Alberta and expects more locations to open in the province next month.
The Company has been actively following developments in the U.S. cannabis sector, and while it appears that further liberalisation regarding the federal regulatory and legislative environment is possible, our immediate strategy does not rely on regulatory change. Despite this, we remain just one transaction away from entering the bricks and mortar retail market in the U.S. when federally permissible. High Tide believes it is very well positioned to take advantage of the growing ancillary and hemp derived CBD markets and estimates its current revenue run rate in the U.S., pro forma for the Smoke Cartel acquisition, to be over $25 million today. The Company is in discussions with various parties across the federally permissible ecosystem in the U.S. which could help further expand its operations – and believes that its current financial health and application to list its shares on the Nasdaq may help accelerate its growth.
https://www.newcannabisventures.com/high-tide-q1-revenue-increases-54-sequentially-to-38-3-million/
MADLONG2029
High Tide Q1 Revenue Increases 54% Sequentially to $38.3 Million
March 31, 2021 at 7:11 pm
Published by NCV Newswire
High Tide Reports First Quarter 2021 Financial Results Featuring a 179% Increase in Revenue and Record Adjusted EBITDA of $4.6 Million
CALGARY, AB, March 31, 2021 /PRNewswire/ – High Tide Inc. (“High Tide” or the “Company”) (TSXV: HITI) (OTCQB: HITIF) (FRA: 2LY), a retail-focused cannabis corporation enhanced by the manufacturing and distribution of consumption accessories, filed its financial results for the first fiscal quarter of 2021 ending January 31, 2021, the highlights of which are included in this news release. The full set of Condensed Interim Consolidated Financial Statements and Management’s Discussion and Analysis can be viewed by visiting High Tide’s website at www.hightideinc.com, its profile page on SEDAR at www.sedar.com.
First Quarter 2021 – Financial Highlights:
Revenue increased by 179% to $38.3 million in the first quarter of 2021 compared to $13.7 million in the same quarter last year. The first quarter of 2021 financial results incorporate the acquisition of META Growth Corp. on November 18, 2020.
Gross profit increased by 208% to $14.8 million in the first quarter of 2021 compared to $4.8 million in the same quarter last year.
Gross profit margin in the first quarter of 2021 was 39% compared to 35% in the same quarter last year.
Adjusted EBITDA(1) for the first quarter of 2021 was $4.6 million compared to negative $0.8 million for same quarter last year.
Geographically in the first quarter of 2021, $34.2 million of revenue was earned in Canada, $3.9 million in the United States and $0.2 million internationally.
Segment-wise in the first quarter of 2021, $36.8 million of revenue was generated by Retail, $1.5 million by Wholesale, and an immaterial amount by Corporate.
Cash on hand as at January 31, 2021 totaled $16.6 million compared to $7.5 million as at October 31, 2020. The Company’s cash balance has subsequently increased to approximately $33 million as of today.
“I am extremely proud of our team for delivering the highest quarterly profit in High Tide’s history. Despite facing the same challenges that all retailers have confronted during this pandemic, we recently crossed the 80-store milestone across Canada. Between the commencement of our application to list on the Nasdaq and the subsequent filing of the 40-F form with the SEC, and securing the acquisition of Smoke Cartel, the first quarter of 2021 has seen our team deliver on significant milestones that will drive future growth,” said Raj Grover, President and Chief Executive Officer.
Fiscal First Quarter 2021 – Operational Highlights:
The Company completed the acquisition of META Growth Crop. and became the leading Canadian cannabis retailer by annualized revenue.
The Company’s common shares moved up to the TSX Venture Exchange.
The Company extended the maturity date on a $10.0 million credit facility with Windsor Capital to December 31, 2021 with a subsequent one-year extension to December 31, 2022 and a reduction of interest rate from 11.5% to 10.0%.
The Company entered into a loan agreement for $6.75 million maturing on December 31, 2024 of an undrawn balance on a $20.0 million credit facility obtained through the acquisition of META Growth Corp. Additionally, the Company extended maturity of META’s existing debt to December 31, 2024 and a reduction of all-inclusive interest rate from 12.5% to 10.0%. As of the date of this press release, the $6.75 million facility remains undrawn.
Approximately $7.4 million of debt converted into the Company’s common shares.
The Company opened three cannabis retail locations under the Canna Cabana and META banners: one in Guelph, Ontario, one in Toronto, Ontario, and one in Calgary, Alberta.
Subsequent Events:
The Company closed an oversubscribed bought deal equity financing for gross proceeds of $23 million.
After the first quarter of 2021, approximately $23 million of debt converted into the Company’s common shares.
The Company announced filing of Form 40-F with the U.S. Securities and Exchange Commission fulfilling a significant milestone for the NASDAQ listing.
The Company completed the acquisition of Smoke Cartel, Inc. (OTCQB: SMKC) for US$8.0 million.
Between February 1, 2021 and the date of this press release, the Company opened nine cannabis retail locations: seven in Alberta and two in Ontario.
Through the COVID-19 pandemic, all retail branded locations have remained operational, despite the complex conditions facing the retail industry across Canada. The Company has been nimble and adapted to frequently changing regulations – often at a municipal level – including launching delivery services to continue serving customers.
Outlook
With the transaction of META having closed, the Company has solidified its leadership position in Canada. High Tide remains focused on the Ontario market. While pandemic restrictions caused a delay in construction in much of the province, the Company is encouraged by the Alcohol and Gaming Commission of Ontario’s decision on February 16, 2021 to increase the pace of Retail Store Authorizations it issues from 20 to 30 a week. The Company expects to reach 30 open stores in the province by September 30, 2021, the date on which the cap for any one retailer can own is set to increase from 30 to 75.
While competition is increasing in the Alberta cannabis market, the Company has still been able to find pockets of areas where it believes it can profitably open new stores. With the slowdown in construction in Ontario, the Company has increased the pace of buildouts in Alberta and expects more locations to open in the province next month.
The Company has been actively following developments in the U.S. cannabis sector, and while it appears that further liberalisation regarding the federal regulatory and legislative environment is possible, our immediate strategy does not rely on regulatory change. Despite this, we remain just one transaction away from entering the bricks and mortar retail market in the U.S. when federally permissible. High Tide believes it is very well positioned to take advantage of the growing ancillary and hemp derived CBD markets and estimates its current revenue run rate in the U.S., pro forma for the Smoke Cartel acquisition, to be over $25 million today. The Company is in discussions with various parties across the federally permissible ecosystem in the U.S. which could help further expand its operations – and believes that its current financial health and application to list its shares on the Nasdaq may help accelerate its growth.
https://www.newcannabisventures.com/high-tide-q1-revenue-increases-54-sequentially-to-38-3-million/
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Thank you very much!
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Where would someone find them?
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I didn't see anything on the website or internet...
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Press Release: 4Front Announces Fiscal Fourth Quarter and Full Year 2020 Earnings Date and Conference Call
8:30 am ET March 30, 2021 (Dow Jones)
4Front Announces Fiscal Fourth Quarter and Full Year 2020 Earnings Date and Conference Call
Canada NewsWire
PHOENIX, March 30, 2021
PHOENIX, March 30, 2021 /CNW/ - 4Front Ventures Corp. (CSE: FFNT) (OTCQX: FFNTF) ("4Front" or the "Company") today announces it plans to issue its Fiscal Year 2020 earnings press release on Tuesday, April 6, 2021, after U.S. markets close, commensurate with the filing of its financial results.
The Company will also host a conference call and webcast on Tuesday, April 6, 2021 at 5:00 p.m. ET to review its operational and financial results and provide an update on current business trends.
To join the call, dial 1-877-407-0792 toll free from the United States or Canada or 1-201-689-8263 if dialing from outside those countries. The webcast can be accessed at this link.
The call will be available for replay until Tuesday April 13, 2021. To access the telephone replay, dial 1-844-512-2921 toll free from the United States and Canada, or 1-412-317-6671 if dialing from outside those countries, and use this replay pin number: 13717894.
To receive company updates and be added to the email distribution list please sign up here.
About 4Front Ventures Corp.
4Front (CSE: FFNT) (OTCQX: FFNTF) is a national multi-state cannabis operator and retailer, with a market advantage in mass-produced, low-cost quality branded cannabis products. 4Front manufactures and distributes a portfolio of over 25 cannabis brands including Marmas, Crystal Clear, Funky Monkey, Pebbles, and the Pure Ratios wellness collection, distributed through retail outlets and their chain of strategically positioned Mission branded dispensaries.
Headquartered in Phoenix, Arizona, 4Front has operations in Illinois, Massachusetts, California, Michigan, and Washington state. From plant genetics to the cannabis retail experience, 4Front's team applies expertise across the entire cannabis value chain. For more information, visit 4Front's website www.4frontventures.com.
This news release was prepared by management of 4Front Ventures, which takes full responsibility for its contents. The Canadian Securities Exchange ("CSE") has not reviewed and does not accept responsibility for the adequacy of this news release. Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
This news release does not constitute an offer to sell or a solicitation of an offer to sell 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.
SOURCE 4Front Ventures Corp.
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Gevo Names Paul Bloom As CTO, CIO
9:48 am ET March 22, 2021 (Benzinga)
Gevo, Inc. (NASDAQ:GEVO), is pleased to announce that Dr. Paul Bloom has joined Gevo as its Chief Technology Officer and Chief Innovation Officer. Dr. Bloom served the last 20 years in a series of commercial and technical roles at Archer Daniels Midland Company (ADM). Most recently, Dr. Bloom was the Vice President of Sustainable Materials and was previously the General Manager of Evolution Chemicals, where he led development and commercialization activities for the company's portfolio of renewable chemicals. In addition, he had global responsibility for the company's pipeline of new process technologies and partnerships with the chemical industry.
"I'm pleased to have Paul Bloom join us. He brings strong technical depth, and business development experience, which we expect to use as we develop the renewable chemicals and materials side of our business," said Dr. Patrick R. Gruber, Gevo's Chief Executive Officer. Dr. Gruber continued, "Paul has seen what works and what doesn't in the space of renewable chemicals, plastics, and fuel. We are fortunate to have him join our team."
"I've evaluated and commercialized multiple technologies through the years. I believe Gevo has excellent technology to tackle greenhouse gas emissions. Drop-in, net-zero hydrocarbon fuel products are desperately needed and will make a difference in the transportation sector. Gevo's portfolio also contains renewable chemical materials that can address unmet needs for the circular economy. For example, these high-performance, plant-based products could go into the automotive industry, durable goods, and consumer products," said Dr. Bloom. "The potential, in my opinion, is large to help provide more sustainable alternatives to customers and consumers while delivering superior performance. I'm excited to be part of the Gevo team and look forward to helping Gevo grow," Dr. Bloom added.
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