Agoracom Blog Home

Posts Tagged ‘OCS’

VIDEO – Molecule Holdings $MLCL Unveils Cannabis-Infused Beverage Line-up and Brand Identity in Anticipation of Summer Sales Surge $TPX.A.ca $ACB.ca $BEV $WEED.ca

Posted by AGORACOM-JC at 7:05 PM on Sunday, May 2nd, 2021
Molecule MLCL

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.

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/7979/82059_craftshelf.jpg

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…

WeedMD $WMD $WDDMF to Host Fiscal Year-End 2020 Conference Call on April 30, 2021 $CRON $GTBIF $INDS $FAF.ca $WEED.ca

Posted by AGORACOM-JC at 9:16 AM on Friday, April 9th, 2021

  • Will file its financial statements and management’s discussion and analysis for the fourth quarter and fiscal year ended December 31, 2020, after market close on Thursday, April 29, 2021.
  • The Company will host a conference call to discuss these results, and provide an operational update on Friday, April 30, 2021 at 10 a.m. Eastern Time.

TORONTO, April 09, 2021 – WeedMD Inc. ( TSX-V:WMD ) (OTCQX:WDDMF) (FSE:4WE) (“ WeedMD ” or the “ Company ”), a federally licensed producer and distributor of medical-grade cannabis, announced today that it will file its financial statements and management’s discussion and analysis for the fourth quarter and fiscal year ended December 31, 2020, after market close on Thursday, April 29, 2021. The Company will host a conference call to discuss these results, and provide an operational update on Friday, April 30, 2021 at 10 a.m. Eastern Time.

The call will be hosted by CEO and Executive Chairman George Scorsis and CFO Lincoln Greenidge. Management will be available for questions following opening remarks.

Conference Call Details:

Date:Friday, April 30 th , 2021
Time:10 a.m. Eastern Time
Dial-in Number:Canada/USA: 1-800-319-4610. International Toll: 1-604-638-5340
 Participants, please dial in and ask to join the WeedMD call
Replay Dial-in:Canada/USA: 1-800-319-6413. International Toll: 1-604-638-9010
 Replay Access Code: 6629
 Available after 12:00 p.m. Eastern Time, until May 30, 2021

Supplemental Listing of Warrants

WeedMD confirms that effective March 30, 2021, the TSX Venture Exchange (the “TSXV”) listed 19,046,875 common share purchase warrants (the “Warrants”) for trading under the symbol “ WMD.WT.A ” in connection with the Company’s previously announced bought deal short-form prospectus offering of units. Read here for more information.

Access WeedMD’s 2021 Shareholder Newsletter here . Updated investor presentation and corporate deck can be found here .

Read More: https://agoracom.com/ir/WeedMD/forums/discussion/topics/758782-weedmd-to-host-fiscal-year-end-2020-conference-call-on-april-30-2021/messages/2311374#message

$WMD $WDDMF Announces Listing of Warrants, New Digital Marketing Agreement $CRON $GTBIF $INDS $FAF.ca $WEED.ca

Posted by AGORACOM at 9:15 AM on Monday, March 29th, 2021

*19MM common share purchase warrants listed for trading on TSXV
*Enlists AGORACOM for online outreach + marketing

TORONTO, March 29, 2021 (GLOBE NEWSWIRE) — WeedMD Inc. (TSX-V:WMD) (OTCQX:WDDMF) (FSE:4WE) (“WeedMD” or the “Company”), a federally-licensed producer and distributor of medical-grade cannabis, is pleased to announce that the TSX Venture Exchange (the “TSXV”) has accepted for listing 19,046,875 common share purchase warrants of the Company (the “Warrants”) issued in connection with the Company’s previously announced bought deal short-form prospectus offering of units. The TSXV has advised that these Warrants will be listed for trading on the TSXV under the symbol “WMD.WT” effective at market open on March 30, 2021.

Each Warrant entitles the holder thereof to purchase one common share of the Company (a “Common Share”) at an exercise price of $0.60 per Common Share until March 12, 2023. If after March 12, 2022 the daily volume-weighted average trading price of the Common Shares on the TSXV is equal to or greater than $0.96 per Common Share for the preceding 10 consecutive trading days, the Company shall have the right to accelerate the expiry date of the Warrants to a date that is 30 trading days following the date of the Company issues a press release disclosing such acceleration.

The Warrants are governed by a warrant indenture between the Company and TSX Trust Company dated March 12, 2021, a copy of which is available under the Company’s profile at www.sedar.com.

Digital Marketing & Awareness Service Agreement

WeedMD also announced today that it has engaged Agora Internet Relations Corp. (“AGORA“), a digital media marketing company that provides online outreach services (such as advertising, marketing and branding) to small and mid-cap public companies, effective as of March 18, 2021 (the “Service Agreement”) for an initial term of one year. The Company expects to receive significant exposure through millions of content brand insertions and extensive search engine marketing on the AGORACOM network over the period. Pursuant to the Service Agreement, WeedMD intends to issue shares to AGORA in exchange for the online services. The Company will pay a total fee of C$100,000 + HST by way of common shares (“Shares for Services”) of the Company, in incremental payments as follows:

  • $20,000 + HST Shares for Services due upon commencement effective March 18, 2021 for initial set up of HUB, marketing materials and search engine programs;
  • $20,000 + HST Shares for Services at end of third month June 18, 2021;
  • $20,000 + HST Shares for Services at end of sixth month September 18, 2021;
  • $20,000 + HST Shares for Services at end of ninth month December 18, 2021; and
  • $20,000 + HST Shares for Services at end of term March 31, 2022.

Per TSX Venture Policy 4.3 (Section 6.1), the deemed price of the securities to be issued will be determined after the date the services are provided to WeedMD in each period and be based upon the undiscounted market price of the Company’s common shares at the relevant time.

The agreement and issuance of shares is subject to the approval of the TSX Venture Exchange.

AGORACOM is the pioneer of online marketing, broadcasting, conferences and investor relations services to North American small and mid-cap public companies, with more than 300 companies served. AGORACOM is the home of more than 7.7 million investors that visited 55.2 million times and read over 600 million pages of information over the last 10 years. The average visit of 8min 43sec is more than double that of global financial sites, which can be attributed to the implementation and enforcement of the strongest moderation rules in the industry.

The securities mentioned herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”) or any U.S. state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws.

This press release does not constitute an offer to sell or a solicitation of any offer to buy the securities in the United States, in any province or territory of Canada or in any other jurisdiction. There shall be no sale of the securities in any jurisdiction in which an offer to sell, a solicitation of an offer to buy or sale would be unlawful.

To read more, click here.

$WMD $WDDMF’s Color Cannabis Expands Product Portfolio with Debut of Live Resin in Pedro’s Sweet Sativa Cultivar $CRON $GTBIF $INDS $FAF.ca $WEED.ca

Posted by AGORACOM at 2:29 PM on Thursday, March 25th, 2021

*Strain-specific Live Resin product set for release under Color Cannabis adult-use brand
*Available for purchase from Ontario Cannabis Store in May

TORONTO, March 25, 2021 (GLOBE NEWSWIRE) — WeedMD Inc. (TSX-V:WMD(OTCQX:WDDMF) (FSE:4WE) (“WeedMD” or the “Company”), a federally-licensed producer and distributor of medical-grade cannabis, is pleased to announce the debut of its strain-specific live resin product for release under its Color Cannabis adult-use brand, 510-thread vaporization carts. Products will be available for purchase from the Ontario Cannabis Store starting in May, 2021 with eventual expansion to additional provinces and retailers. The live resin line offered in Pedro’s Sweet Sativa cultivar is the first in a series of new extract products recently announced by the Company that will eventually expand to feature solventless hash and rosin concentrates.

WeedMD partnered with Ontario’s Peak Processing, a highly-skilled, third-party processer that specializes in developing hydrocarbon extract of freshly harvested and frozen cannabis biomass to produce live resin formulations. This process ensures the cannabinoid and terpene-rich trichomes are preserved at harvest to produce some of the purest, true-to-nature forms of concentrates from the Company’s award-winning genetics.

“With the launch of our live resin products, we’re excited to introduce consumers to another authentic offering featuring the unique cultivar that is Pedro’s Sweet Sativa,” said Joseph Mele, Senior Vice President, Commercial Sales and Marketing, WeedMD. “The goal with all Color Cannabis products is to expand consumers’ awareness – particularly for those seeking unique terpene profiles and new premium, high-value concentrates. Peak Processing has carefully extracted live resin from fresh-frozen Pedro’s Sweet Sativa, grown and processed alongside our skilled teams, and we’re looking forward to adding more cultivars to this innovative line-up.”

WeedMD is expected to release additional Cannabis 2.0 extract products including solventless hash and rosin concentrates throughout 2021, under its Color Cannabis and Saturday Cannabis adult-use brands. Product development for both solventless cannabis concentrates, including bubble hash and rosin extract products, is currently underway alongside WeedMD and its highly skilled third-party processors currently undergoing trialling processes.

The Company has further developed a unique, in-house sub-critical CO2 extract post-processing methodology, which preserves the flower’s terpene profile and results in a malleable, semi-solid high-potency cannabis extract product. Trials to confirm scalability and product integrity are also currently underway at the Company’s Aylmer, Ontario processing and extraction hub.

Extract products will be produced using WeedMD’s own biomass, grown on-site at the Company’s state-of-the-art greenhouse and outdoor field in Strathroy, Ontario.

Access WeedMD’s 2021 Shareholder Newsletter here. Information about upcoming corporate events can be found here.

To read more, click here.

Molecule Holdings Inc. $MLCL.ca Announces Private Placement Offering of Senior Secured Convertible Debenture Units $TPX.A.ca $ACB.ca $BEV $WEED.ca

Posted by AGORACOM at 10:19 AM on Friday, March 19th, 2021
Molecule MLCL

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.

Read More: https://agoracom.com/ir/MoleculeHoldings/forums/discussion/topics/757660-molecule-holdings-inc-announces-private-placement-offering-of-senior-secured-convertible-debenture-units/messages/2308946#message

Molecule Holdings’ $MLCL.ca Landmark Deal with Ontario Cannabis Store Gives it Confirmed Shipping Date to Bring 5 Infused Craft Beverages to Market $BEV $KBEV

Posted by AGORACOM-JC at 9:14 AM on Thursday, March 11th, 2021
Molecule

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 now has 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:

Molecule $MLCL.ca Receives Opening Pipeline Orders from Ontario Cannabis Store and Commits to Shipping Date of March 25 $TPX.A.ca $ACB.ca $WEED.ca

Posted by AGORACOM at 8:55 AM on Thursday, March 11th, 2021
Molecule

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.

Read More: https://agoracom.com/ir/MoleculeHoldings/forums/discussion/topics/757072-molecule-receives-opening-pipeline-orders-from-ontario-cannabis-store-and-commits-to-shipping-date-of-march-25th/?message_id=2307582#message

Molecule $MLCL.ca and Vortex Partner on Signing the Ontario Cannabis Store Master Supply Agreement and Launch of 11 Molecule Crafted Products $TPX.A.ca $ACB.ca $WEED.ca

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.

Read More: https://agoracom.com/ir/MoleculeHoldings/forums/discussion/topics/754519-molecule-and-vortex-partner-on-signing-the-ontario-cannabis-store-ocs-master-supply-agreement-and-launch-of-11-molecule-crafted-tm-products/messages/2301771#message

North Bud Farms Inc. $NBUD.ca – #Cannabis Canada Daily: Pent-up demand leads to roaring start for Ontario #pot stores $WEED.ca $CGC $ACB $APH $CRON.ca $HEXO.ca $TRST.ca $OGI.ca

Posted by AGORACOM-JC at 11:02 AM on Monday, April 8th, 2019

SPONSOR: North Bud Farms Inc. (NBUD:CSE) Sustainable low cost, high quality cannabinoid production and procurement focusing on both bio-pharmaceutical development and Cannabinoid Infused Products. Click Here For More Information

NBUD: CSE

—————

Cannabis Canada Daily: Pent-up demand leads to roaring start for Ontario pot stores

Ontario pot shops made an average of $50K in sales on the first day of business

Data from Cova Software, which provides point-of-sale services to seven of the 10 recreational cannabis stores in Ontario, reveal that legal cannabis shops in the province made an average of $50,913 of sales on opening day.

Source: https://www.bnnbloomberg.ca/marijuana/video/ontario-pot-shops-sold-an-average-of-50k-on-the-first-day-of-business~1652388