Posted by AGORACOM-JC
at 7:05 PM on Sunday, May 2nd, 2021
Working at the cutting edge of the nascent cannabis industry, Molecule Holdings is a Canadian, craft-focused, cannabis beverage production company.
Boasting a 200,000 square foot production facility based in Ontario, the company has been given a green light to sell its unique line of cannabis-infused beverages throughout Canada, starting in Ontario and Québec.
On Wednesday (April 28), the firm officially unveiled the line of new brands and products that will be available to consumers in Canada as of May 2021. It is a significant milestone which, crucially, will see the Ontario Cannabis Store (OCS) stocking Molecule’s beverages in time for the all-important summer sales season.
The company also introduced the Molecule Crafted™ label designation, found on all products produced by Molecule. The company’s goal is for Molecule Crafted™ to be synonymous with reliability, consistency, Canadian and craft for consumers. The brand should become known to represent phenomenal customer service and retail support at the wholesale level.
On the heels of the company’s AGM on Friday (April 30), we sat down with David Reingold, director and strategic advisor for Molecule Holdings, to dissect the news…
Posted by AGORACOM
at 10:19 AM on Friday, March 19th, 2021
March 19, 2021 – Ottawa, Ontario – Molecule Holdings Inc. (CSE:MLCL) (CNSX:MLCL.CN) (“ Molecule ” or the “ Company ”), is pleased to announce that it has completed a non-brokered private placement offering (the “ Offering ”) of 1,000 senior secured convertible debenture units (each a “ Unit ”, collectively the “ Units “) for gross proceeds of $1,000,000.
Each Unit is comprised of $1,000 in principal amount (the “ Principal Amount ”) of senior secured convertible debenture (each, a “ Debenture ”, collectively the “ Debentures ”) and one share purchase warrant (each a “ Warrant ”, collectively the “ Warrants ”) for each $0.30 of Principal Amount, each Warrant entitling the holder thereof to acquire one common share of the Company (each a “ Warrant Share ”, collectively the “ Warrant Shares ”) at an exercise price of $0.23 per Warrant Share (the “ Exercise Price ”) (subject to adjustment) for a period of thirty-six (36) months from the date of closing of the Offering (the “ Closing ”), expiring on March 18, 2024.
The Debentures will bear interest at a simple rate of 8.00% per annum, payable quarterly in cash beginning on June 30 th , 2021, and maturing eighteen (18) months from the date of issuance, being September 18, 2022 (the ” Maturity Date “). The holders of the Debenture are entitled to convert the Principal Amount of the Debentures at any time prior to the Maturity Date into common shares of the Company at a conversion price of $0.15 (the “ Conversion Price ”), subject to adjustment.
As of the date that is four (4) months and one (1) day following the Closing Date, the Company will have a right to prepay or redeem the Principal Amount, in whole or in part, at par plus accrued and unpaid interest at any time by providing a minimum of 30 days’ and a maximum of 60 days’ notice.
Posted by AGORACOM-JC
at 9:14 AM on Thursday, March 11th, 2021
Working at the cutting edge of the nascent cannabis industry, Molecule is a Canadian, craft-focused, cannabis beverage production company.
Boasting a 200,000 square foot production facility based in Ontario, the company has just been given the green light to begin selling its unique line of cannabis-infused beverages throughout Canada, starting in Ontario and Québec.
Molecule nowhas its first order-ins from the Ontario Cannabis Store (OCS) and a confirmed shipping date.
Molecule will bring 5 brands to the market in this first order, matching the number of Ready-to-Drink products offered by the category leader in the market, which also has 5 brands on offer.
This confirms Molecule will be shipping product in Q1 2021. Much of the product is already inventoried. Inventory accumulation continues daily now.
The company recently received a major shipment of Aluminum Cans, allowing it to ramp up production.
Check out our exclusive one-on-one with David Reingold, Director and Strategic Advisor, Molecule Holdings:
Posted by AGORACOM
at 8:55 AM on Thursday, March 11th, 2021
March 11 2021 Ottawa, Ontario – Molecule Holdings Inc. (CSE:MLCL) (CNSX:MLCL.CN) (“ Molecule ” or the “ Company ”), a Canadian craft-focused cannabis beverage production company, is pleased to announce that it has received its first pipeline fill orders for 5 of its brands from the Ontario Cannabis Store (“ OCS ”), and has committed to shipping to the OCS Distribution Centre by March 25. The OCS anticipates further follow-up PO’s, “one and two weeks after launch”.
“This is a very exciting day for the Molecule team as this marks an important new chapter for Molecule’s commercialization. Having this type of representation in the largest cannabis market in the country is a testament to Molecule’s business model and will put us head-to-head with the biggest and the best in the Canadian cannabis industry,” said Molecule President and CEO Philip Waddington.
Posted by AGORACOM
at 9:44 AM on Tuesday, March 9th, 2021
March 9 2021 –Ottawa, Ontario – Molecule Holdings Inc. (CSE:MLCL) (CNSX:MLCL.CN) (“ Molecule ” or the “ Company ”), a Canadian craft-focused cannabis beverage production company, is pleased to announce that it has received a full shipment of 355 ml. sleek aluminum cans.
This shipment will allow Molecule to scale production, enabling the company to fulfill its opening list of orders expected from the Ontario Cannabis Store (“ OCS ”) later this week.
“Aluminum cans are the top choice for consumers looking for ready-to-drink adult beverages. Soaring consumer demand, coupled with global supply-chain issues have created a perfect storm for supply issues,” said President and CEO Phil Waddington.
Posted by AGORACOM
at 11:43 AM on Thursday, February 25th, 2021
February 25, 2021 – TheNewswire – Ottawa, Ontario – Molecule Holdings Inc. (C NSX :MLCL. CN ) (“ Molecule ” or the “ Company ”), a Canadian craft-focused cannabis beverage production company, is pleased to announce that it has engaged Toronto-based marketing firm North Equities Corp. (“ North Equities ” or “ NE ”), which specializes in various social media platforms, to facilitate greater investor engagement and widespread dissemination of the Company’s news.
In addition to press releases, the Company will be posting important information and updates through videos from the official Company YouTube Channel .
Pursuant to the terms of the agreement between the Company and North Equities (the “Agreement”), the Company has issued North Equities 500,000 common shares at a price of $0.14 per share as payment of $70,000 invoiced to the Company. No further payments are due for the duration of the Agreement’s 6 month term. The common shares issued to North Equities are subject to a hold period expiring on June 24, 2021.
Posted by AGORACOM
at 10:56 AM on Thursday, February 11th, 2021
The agreement with Proper is exclusive and covers all markets in Canada for the production and distribution of cannabis beverages
The deal represents Molecule’s first receipt of funds related to co-packing cannabis beverages
beverages are sold to Provincial wholesalers via a sales-license partnership with Vortex Cannabis Inc.
February 11 2021 – TheNewswire – Ottawa, Ontario – Molecule Holdings Inc. (CNSX:MLCL.CN) (“Molecule” or the “Company”), a Canadian craft-focused cannabis beverage production company, is pleased to announce that it has finalized the definitive agreement with Proper Cannabis (“Proper”), and has received its initial deposit for production and distribution of cannabis beverages. The company also granted stock options in accordance with its Stock Option Plan.
Molecule is a licensed cannabis beverage manufacturing company, which produces beverages for brand-partners, as well as producing its own house brands. The beverages are sold to Provincial wholesalers via a sales-license partnership with Vortex Cannabis Inc. The definitive agreement with Proper is exclusive and covers all markets in Canada for the production and distribution of cannabis beverages. Molecule has now begun producing and storing these beverages, in preparation to begin selling to the Ontario Cannabis Store (OCS) and other provincial retailers.
“Proper first approached us in 2018, and we have been working together ever since. We are very happy to announce the signing of this agreement with Proper, and the subsequent receipt of a deposit for cannabis beverage production. This is a big milestone for Molecule, as it represents our first receipt of funds related to co-packing cannabis beverages,” said Molecule President and CEO Phil Waddington.
“Proper is thrilled to partner with Molecule to bring our Proper craft cannabis infused sparkling water to market. We are not a large company, but we have big aspirations to deliver passionately created beverages to consumers who share our values and tastes,” said Proper Founder, Derek Prentice.
Posted by AGORACOM
at 10:11 AM on Wednesday, February 3rd, 2021
Molecule, Vortex and the OCS worked together to complete the requirements for the deal
Eleven of Molecule’s cannabis-infused beverage products have been submitted for sale on the OCS via Vortex
$MLCL.ca anticipates shipping to the OCS as early as March
February 3 2021, – Ottawa, Ontario – Molecule Holdings Inc. (C NSX :MLCL. CN ) (“ Molecule ” or the “ Company ”), a Canadian craft-focused cannabis beverage production company, is pleased to announce that its sales partner, Vortex Cannabis Inc. (“ Vortex ”) has signed a Master Supply Agreement with the Ontario Cannabis Store ( “OCS” ).
The agreement is in relation to 11 products that were previously submitted by Molecule, and have now been resubmitted with Vortex as licensed sales partner.
“We continue to be incredibly pleased with the development of the partnership with Vortex. Within a week of signing the sales amendment partnership, Molecule, Vortex and the OCS worked together to complete the requirements for the Master Supply Agreement, and have now submitted 11 SKUS to be sold to the OCS through Vortex. This is great news for bringing the craft shelf to market ,” said President and CEO Phil Waddington.
“In anticipation of shipping to the OCS as early as March, we have switched gears from test production runs to inventory-ready production runs of all 11 products,” he added.
