Valens GroWorks Corp (CSE:VGW,OTC:MYMSF) released its eleventh episode on its Extraction podcast this week during which they talked to Stoic Advisory Founder and thought leader Aaron Salz. Salz provided his thoughts on what’s next in the cannabis industry and how to properly evaluate companies. Stoic Advisory is a Toronto-based corporate advisory firm focused on the global cannabis industry. It doesn’t provide stock tips to investors but offers merger and acquisition services. However, Salz feels a personal responsibility to help investors set realistic expectations when entering the market.

Salz’s number one suggestion to investors is to do their due diligence. He stated that Stoic Advisory looks at the jurisdiction and the overall company before moving ahead with a transaction. In more advanced jurisdictions like Canada, his firm looks at the company’s capital structure and management team. He also recommended having a diverse portfolio that primarily consists of large cap, blue chip names and not to make decisions based on the fear of missing out (FOMO).


“It’s really just FOMO. FOMO drives so much in this space from an investment standpoint, from the retail level up to the institutional level. It’s the worst reason to invest in things,” said Salz.

Salz also pointed out that the recreational market in Canada hasn’t performed as expected. He believes this is due to missing product offerings, such as edibles and extracts. Salz pointed out that edibles, extracts and vapes make up to 60 percent of sales in some US states. Salz is the most interested in the vape market and is wary of the beverage market due to the “high-stakes” that large beverage companies brought to the table.

To listen to the podcast, click here.

Click here to connect with Valens GroWorks Corp (CSE:VGW, OTC:MYMSF) for an Investor Presentation.

 

CanBud Distribution Corporation (CSE: CBDX) (FSE: CD0) (“CanBud” or the “Corporation”) is pleased to announce that it has closed the final tranche of its oversubscribed non-brokered private placement for aggregate gross proceeds of approximately $4,730,000 (the “Offering”).

The Corporation issued a combined total of 39,409,346 units (each a “Unit“) at price of $0.12 per Unit, with each Unit comprised of one common share in the capital of the Corporation (each a “Common Share“) and one common share purchase warrant (each a “Warrant“). Each Warrant entitles the holder to purchase one additional Common Share at an exercise price of $0.22 within 24 months of the closing of the Offering (the “Warrant Term“), provided, however that if the closing price of the Common Shares on the Canadian Securities Exchange (the “CSE“) (or any such other stock exchange in Canada as the Common Shares may trade at the applicable time) is $0.25 or greater per Common Share for a period of five (5) consecutive trading days at any time after the closing date of the Offering, the Corporation may accelerate the Warrant Term such that the Warrants shall expire on the date which is 30 days following the date a press release is issued by the Corporation announcing the reduced warrant terms.

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Thoughtful Brands Inc. (CSE:TBI)(FSE:1WZ1)(OTCQB:PEMTF) (the “Company” or “Thoughtful Brands) announces that the letter of intent with Franchise Cannabis Corp. (“FCC”), previously announced in January, has been terminated. The previously announced European joint venture with FCC will continue and allow the Company to launch and tailor its products to European consumer demands

In connection with termination of the merger transaction with FCC, the Company has agreed to pay FCC $100,000 in cash and to issue FCC 5,000,000 common shares of the Company at a deemed value of $0.05 per share. The common shares will be subject to a four-month-and-one-day statutory hold period in accordance with applicable securities laws.

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Mergers and acquisitions (M&A) in cannabis space have helped boost the industry to new levels.

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Strategic sale of non-core assets by Lobe adds non-dilutive capital and shareholder value

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Adding to its existing presence on the west coast of the United States, all five KOIOS™ flavours and all four Fit Soda™ flavours will be carried in Metropolitan Market stores beginning on Monday, March 22, 2021. Serving the Seattle-Tacoma area (population 3.87 million), Metropolitan Market is one of five chains under its parent firm Good Food Holdings, which has a total of 51 stores in California, Oregon, and Washington State.

Koios Beverage Corp. (CSE: KBEV; OTC: KBEVF) (the “Company” or “Koios”) is pleased to announce that beginning on Monday, March 22, 2021, Koios’ entire line of canned beverage products will be sold at all locations of Metropolitan Market, an urban format supermarket chain in the Seattle-Tacoma area of Washington State. In Q1 2021, the Company announced multiple placements of its beverage products with regional grocers in markets on the west coast of the United States including Market of Choice in Oregon Jensen’s in Southern California and major natural grocery chain Sprouts Farmers Market which has a substantial west coast presence with over one third of its locations (360+ stores across 23 states) in California as well as Washington State 1 . The Company has also recently announced other developments relating to its expansion efforts being undertaken in 2021 such as an in-house beverage canning facility and distribution agreements with regional and national wholesale partners.

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