Cannabis Game Changing First Quarter Results Expected
New York, NY May 14, 2019 – Stock Market Press is a leading financial news company that delivers up to date stock news, introduces private and public companies to a wide audience of investors, consumers, journalists and the general public via social media and a rapidly expanding network discusses the forthcoming quarterly financial results and their impact.
With mid May here, the Q1 results from many Cannabis companies are coming out. We have our eye on CannTrust Holdings Inc. (TSX:TRST) (NYSE:CTST) which just raised over $150M via a public offering and finalized an LOI to provide high quality cannabis to the Quebec recreational market.
Canntrust Finalizes Letter of Intent With SQDC to Secure National Distribution
CannTrust Holdings Inc. (“CannTrust” or the “Company”, TSX: TRST; NYSE:CTST), today announced it has finalized a Letter of Intent (“LOI”) with Société québécoise du cannabis (“SQDC”) to provide Quebec with high quality cannabis for the recreational market.
“This LOI signifies the first step towards a long and impactful relationship with the SQDC and consumers in Quebec . This is an important milestone as we have secured national distribution across all ten provinces for our adult-use products,” said Peter Aceto , Chief Executive Officer, CannTrust. “This will allow us to develop our brand presence in Quebec at a time when consumers are beginning to develop their preferences.”
The LOI will serve as an introduction of CannTrust’s recreational brands to the Quebec market beginning with two of the Company’s most established strains that will be available through SQDC later this year.
“Like our partners at SQDC, CannTrust encourages safe and responsible consumption of cannabis by both medical patients and legal age recreational consumers,” said Mr. Aceto. “To this end we support laws that make the underage sales and purchase of cannabis illegal.”
Now that CannTrust Holdings Inc. (TSX:TRST) (NYSE:CTST) has money in hand, secures further national distribution and also doubling the size of their harvest facility, the outlook for 2019 looks spectacular.
Taking a look at Aurora Cannabis (NYSE:ACB), who’s quarterly financial report is expected after the close on May 14th, and has been on a downtrend since the end of April, we see the potential for a strong reversal off this support area. Additionally, the just announced receipt by Aurora Cannabis (NYSE:ACB) of Radient Technologies Inc. (“Radient”) (TSX Venture: RTI; OTCQX: RDDTF) first commercial batch of cannabis derivatives significantly increases Aurora Cannabis (NYSE:ACB)’s global market capacity.
Aurora Cannabis and Radient Technologies Announce First Commercial Delivery of Cannabis Derivatives
Transformational Milestone for Radient, Increasing Aurora’s Global Derivative Market Capacity Substantially
Aurora Cannabis Inc. (the “Company” or “Aurora”) (ACB) (ACB) (Frankfurt: 21P; WKN: A1C4WM) and Radient Technologies Inc. (“Radient”) (TSX Venture: RTI; OTCQX: RDDTF), announced today that Aurora has taken delivery of Radient’s first commercial batch of finished cannabis derivatives, from Radient’s proprietary extraction platform. With this first batch, Radient has proven its enhanced ability to produce cannabinoid derivatives at commercial scale, and will continue to scale up production at Radient’s cannabis facility in Edmonton, reaching an expected eventual annual throughput of approximately 300,000 kg of cannabis biomass at this single location. (emphasis added)
The partnership between Radient and Aurora was established in 2017 after the completion of a Research Joint Venture that validated Radient’s MAPTM extraction technology was capable of superior cannabinoid extraction at commercial scale. For Aurora, the relationship with Radient forms an important component of its derivative product strategy, providing a greater return on the biomass allocated for extraction, favourable cost advantages, and significantly increased extraction capacity.
High Volume Throughput Technology
In Radient’s deliveries to Aurora, commercial scale batches of dried cannabis biomass were fully processed and refined within a 24-hour period, due mainly to the speed of initial extraction and the unique, continuous flow nature of Radient’s platform.
Both Aurora Cannabis (NYSE:ACB) and CannTrust Holdings Inc. (TSX:TRST) (NYSE:CTST) are putting the pieces in place to effectuate a fantastic 2019. As is well known by all cannabis sector players that security and surveillance is imperative. There are county/state/country laws in place as well as shareholders’ investment and employee personnel security and surveillance that must be met. Dynamically adjustable companies like DirectView Holdings, Inc. (OTC:DIRV) have seen this need in and are meeting it head on. Just a month ago DirectView Holdings, Inc. (OTC:DIRV) had a booth at the Cannabis Conference 2019.
DirectView’s Attendance at Cannabis Conference 2019 Generates New Opportunities
DirectView Holdings, Inc. (DIRV), a company focused on ownership and management of leading video and security technology companies, today announced that DirectView is concluding what has been a very productive attendance today, on the final day of Cannabis Conference 2019. The conference brings industry stakeholders together to engage the biggest opportunities and challenges facing the legal cannabis market. The conference is being regarded as one of the Company’s most productive conference[s] to-date.
As a result of this conference and corporate growth over the past few months, DirectView Holdings, Inc. (DIRV) has put an expansion plan in place, launching a new multipurpose facility in Dallas, Texas.
DirectView to Launch New Multipurpose Facility in Dallas, Texas
Growth Of DirectView And Subsidiaries Highlight Need For Expansion
DirectView Holdings, Inc. (DIRV), a company focused on ownership and management of leading video and security technology companies, today announced that it plans to address certain requirements by leasing a new multipurpose facility in the Dallas, Texas area. The new facility is planned to contain a showroom for customers, a training facility for clients and employees, a call center for technical support and sales, a distribution office, warehouse space for inventory and shipping, and additional sales and management offices. The recent growth of DirectView and its subsidiaries is attributed to the need for a larger, more complex facility.
There is a strong dynamic emerging between the cannabis sector and the security-surveillance sector. While the security sector continues to grow in general, the advent of cannabis legalization has seen demand jump like never before, changing the view of the security market from the ‘long term hold’ stigma to one of excitement and interest across all investor types.
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