Canada Banking on CBD
According to Hemp Industry Daily, “The deal includes $40 million up front, including $25.4 million in Valens Co. common shares and up to $14.6 million in cash, plus up to an additional $20 million in earnout payments if earnings goals are met after the transaction.”
Green Roads has an impressive website at: https://greenroads.com/. Some of their products include CBD gummies, oils, topicals, and coffee. They have an entire CBD sleep line.
In the beginning of May, a Calgary company. High Tide. bought a Milwaukee e-store.
MJBizDaily reported, “High Tide announced early Monday it is acquiring 80% of Fab Nutrition, which does business as FABCBD, for $20.6 million ($25.4 Canadian dollars) in cash and stock.”
Fab Nutrition products include CBD products like gummies, oils, and dog treats. They had 10.8 million dollars in revenue in 2020.
Cannabis and Covid
World - Various studies have been made in this past year of the Covid crisis to show the benefits of cannabis on Covid showing again the importance of looking to cannabis as healing herb, not just as a social herb to enjoy.
Some studies have revealed without conclusive evidence that cannabis can possibly reduce inflammation in patients with Covid particularly with lung inflammation. Anxiety of what was going to happen next during the past year was prevalent. Cannabis, especially CBD, can help with treating all kinds of anxiety and reducing depression.
There are many different medicinal benefits of marijuana besides helping with Covid symptoms, some are regulating diabetes, treatment of glaucoma, stomach issues like Crohn’s and ulcerative colitis, and aiding Parkinson’s patients with tremors, pain, and sleep from Parkinson’s disease.
As the Covid crisis is simmering and the anticipation that the post Covid era is nearing, and the hope of mask throwing is approaching, and as medical marijuana laws are being passed throughout the country, it is a possibility that marijuana medicinal use in the medical community may become more accepted.
Always consult a doctor before using any substance as a part of a treatment plan.
First Country to Legalilze: Looking Forward
Growers in Uruguay are looking beyond their country to sell. They now export to four different countries around the world. In 2020 their export amounts totaled 7.3 million dollars.
Chillin' with Cannabis
The United States came in second place in the world for cannabis use with 16.2 percent of the population, and Nigeria came in third place with 14.3 percent of their population enjoying marijuana, although the third place could be up for debate after some internet searching. Cannabis use is still illegal in Nigeria.
CA Global Expansion Efforts Back Track
World - Over the past year several Canadian based marijuana companies that expanded into global markets are reversing course. Canopy Growth, Aurora Cannabis, Flowr, and others, have all cited nonlucrative markets and strategic financial strategies as the reason for their withdrawal.
Mid-April Marijuana Business Daily reported Flowr planned on “slashing it’s workforce and pulling out of the noncore markets - including Australia, Uruguay and Spain - as part of a strategic review intended to put the business on firmer financial footing.”
Flowr reported a loss of $28.1 million Canadian for the nine month stretch ending Sept 30, 2020. The company now plans to implement cost saving strategies and reduce noncore assets, including subleasing their Toronto-based corporate headquarters. A company spokesperson stated they plan on focusing on ‘ultra-premium’ and dry flower for Canada and Europe.
