The cannabis industry is evolving rapidly, and we've seen some big
moves happening lately that are going to have a significant impact
on the retail environment both locally and internationally. Below
are five companies you should be familiar with in the world of
cannabis retail and the progress they've been making thus far.
New Age Beverages
Corp (NASDAQ:NBEV)
New Age Beverages is one of the first-movers in the segment, and
on Monday it made huge progress when it announced a deal
with Walmart Inc (NYSE:WMT). The retail
giant is going to carry New Age's Marley drinks, which will be
available as early as this month. It's a big move for New Age as it
puts its energy drinks in a big national retailer that will help
The Company gain exposure.
This is such a great accomplishment for New Age to gain its
first national distribution, and to do so with the world's largest
retailer in Walmart. This is just the first initiative that we
expect to do with them on the Marley brand and other New Age
products on which we are in active discussions. We know Walmart is
equally as committed as New Age to providing healthier products for
their customers, and we expect to make the full portfolio of New
Age's better-for-you products available as we expand the
relationship.
- New Age VP of Key Accounts, Craig Thibodeau
New Age's focus has been on offering healthy beverages for
consumers as its Marley Mate products are low in sugar, calories
and carbohydrates. All three of its flavors - Be Jammin' Berry, Ya
Mon Mint and Jamaican Me Mango will be carried by Walmart. The deal
was a huge hit with investors as New Age's stock skyrocketed more
than 38% on Monday.
This could just be the start for New Age, as The Company is
looking to launch CBD products globally later this year. While the
deal with Walmart does not cover those products, it helps position
New Age well for when it does as consumers will be more familiar
with its brand. The Company has started the year off
strong and investors will want to keep a close eye on New Age as
bigger things could lay ahead for 2019.
While New Age shares soared on it's deal with Walmart, let's not
forget about another beverage company that already has it's
products in Walmarts across the nation.
Alkaline Water Company
Inc (TSX-V:WTER) (NASDAQ:WTER)
The Alkaline Water Company and it's Alkaline88® is already sold
in over 47,500 retail locations nationwide in all 50 states, with a
distribution that spans more than 150,000 stores, including 9
of the top 10 largest retailers in the entire U.S. Two of
these are retailers are giants Walmart and Krogers.
The Alkaline Water Company has also been making progress
expanding its popular Alkaline88 drinks throughout Whole Foods
locations across the country.
In March, The Company announced that 30 additional
locations would be carrying the product, which now puts the tally
at over 100 grocery stores. Alkaline Water hopes to be in all of
the store's locations by the end of next year.
The Amazon -owned grocery store
provides a great way for Alkaline to gain exposure in the
market as it too is working on developing infused beverages.
In fact, the Company’s hemp-infused beverages are expected to
roll out over the course of the following weeks, making the
Alkaline Water Company one of the first national U.S.
beverage companies—and the first NASDAQ-listed company—to
bring premium, hemp-infused alkaline water to U.S. consumers.
Alkaline recently announced that it is going to be working
with The Ungerer Company, which has a long
history of developing flavors and fragrances, to develop beverages
together for its infused products. Ungerer has a lot of experience
working with beverages while focusing quality as well.
We are thrilled be working with Ungerer. They bring over
125 years of experience and expertise to A88 Infused. Ungerer
possesses the ability to produce 100% natural and
organic flavorings. Ungerer’s all-natural formulations have
given our new Alkaline88® flavored waters the perfect zero
calorie infused taste demanded by our consumers
- Richard A. Wright, President and CEO of The Alkaline Water
Company
Another area Alkaline is focusing on is home delivery. On
Tuesday, The Company announced it would be offering home delivery
of its premium Alkaline88 water in California. The Company is
looking to expand beyond those borders, but it's the first step in
a new partnership for Alkaline.
This is a new and exciting initiative for our
Alkaline88® brand and we are delighted to form a strategic
partnership with one of the nation’s largest home delivery
providers
- Richard A. Wright, President and CEO of The Alkaline Water
Company
Aurora Cannabis Inc
(TSX:ACB)(NYSE:ACB)
Aurora has been a bit of a sleeping giant that many investors
feel is about to do something special. After bringing on a
billionaire investor with loads of contacts spanning many
industries, The Company has no doubt been looking at its options.
Aurora also hired Carey Squires as Executive Vice President of
Corporate Development and Strategy. Squires has lots of experience
in banking and brokering deals as The Company looks to utilize his
knowledge and expertise to help grow Aurora's brand.
In this new position, Carey will be a core member of Aurora's
senior management team, executing on the development of key
strategic initiatives, including partnerships and M&A
opportunities. We look forward to working closely with Carey to
leverage his extensive knowledge in the execution of our investor
development, international growth and partnership strategies,
sourcing potential accretive opportunities in the global cannabis
industry and negotiating favourable business transactions
- Michael Singer Executive Chairman of Aurora
There's a lot of work behind the scenes at Aurora, and with the
edibles market set to legalize in Canada later this year, we'd be
shocked if amid all these changes there wasn't at least one big
deal coming. In the meantime, the Company is also working on
expanding its presence around the globe.
Recently, Aurora was awarded a contract where it will be able to
supply 4,000kg (minimum) of cannabis to the German market over a
four-year period. With more than 82 million people, it's a
significant market that Aurora will be able to tap into and grow
its brand.
Aphria Inc (TSX:APHA)
(NYSE:APHA)
Aphria was also awarded the same size contract in the German
market as Aurora. However, Aphria looks to be further ahead as it
recently announced that it had launched its first CBD-based product
for its cosmetics line, which will be sold in Germany. Under the
CannRelief brand, the product will be distributed by CC Pharma,
which is a subsidiary of Aphria which has a network of 13,000
pharmacies in Germany that it can tap into.
The Company plans to more products later this year as it is
looking to continue building its international market.
We believe we have tremendous momentum in Germany and across our
international business as we continue to strengthen our global
footprint
- Jakob Ripshtein, President of Aphria
Aphria is set to release its third-quarter results later this
month which will offer some more insights into how the Company has
been growing its brand across the globe. In Q2, sales were up over
154% year over year, and that was only up until November 30, with
six weeks of the recreational market in Canada being included in
those results. The upcoming quarter could be even more impressive
as it will include a full three months of recreational sales.
Canopy Growth Corp
(TSX:WEED) (NYSE:CGC)
Canopy Growth has been growing its retail brand in some pretty
creative ways. While it's limited in how it can develop the retail
market with the province of Ontario putting in restrictions on
producers, by joining forces with convenience store
giant Alimentation Couche-Tard
Inc (TSX:ATD.B), it has found a unique way to get
around that: by licensing its brands and offering consulting
services. While we don't know how big this opportunity could become
for Canopy Growth, it's a clever way to gain access to and
influence the retail market.
The Company has also continued to work on bringing big names
into the fold, with the latest being Seth Rogen and his company,
Houseplant. Canopy Growth has invested in Rogen's company and looks
to help it grow while also added to the notoriety of its brand as
well.
We could not be more excited to partner with Seth, Evan and the
entire Houseplant team. Together we will make Houseplant a cannabis
brand synonymous with quality everywhere it is available
- Mark Zeukulin, President and Co-CEO of Canopy Growth
While these developments are great for Canopy Growth, we're
still waiting on the Company to give us some news on the progress
it has made on beverages. It has been working
with Constellation Brands, Inc. (NYSE:STZ)
for a while now, and so far they have kept things tight-lipped.
However, it's only a matter of time before we see some news come
out of there, and it could be a game-changer when it does.
The original post can be found here:
https://mugglehead.com/cannabis-retail-giants-5-companies-making-big-moves/
Disclosure: Directors of Mugglehead own shares of the Alkaline
Water Company and other marijuana stocks not mentioned in this
release and we have been compensated by Alkaline Water Company for
news coverage.
About Mugglehead
Mugglehead.com is a digital publisher dedicated to cannabis
news, investments, culture, and science, owned by Mugglehead Media
Corp. We publish original content, including video, interviews and
articles. Because many of the companies and trends we cover are
related to investments and stocks within the cannabis industry,
please review our disclaimer and forward-looking statements
below.
Original content created by Mugglehead Media Corp. © 2019 is
protected by copyright laws.
For interviews, advertising opportunities, and coverage requests
- including brand and product reviews - contact us at: muggle (at)
mugglehead.com
We have lots in store for 2019 so be sure to check us out!
Visit us at https://mugglehead.com daily for all
things cannabis-related.
Facebook: https://www.facebook.com/muggleheadmedia
Twitter: https://twitter.com/muggleheadmedia
Disclaimer and Forward-Looking Statements
Mugglehead Media Corp. and Mugglehead.com (collectively,
Mugglehead) is a news and media publisher dedicated to cannabis. It
is not registered as an investment adviser, broker-dealer or other
financial or securities professional with any financial or
securities regulatory authority. You understand that no content
published by Mugglehead constitutes a recommendation that any
particular security, portfolio of securities, transaction or
investment strategy is suitable for any specific person. Mugglehead
does not render general or specific investment advice and does not
endorse or recommend the business, products, services or securities
of any industry or company mentioned on this Site.
It is not intended to provide tax, legal, insurance or
investment advice, and nothing on in this release should be
construed as an offer to sell, a solicitation of an offer to buy,
or a recommendation to buy or sell any security. None of the
content we publish is provided with a view to inviting, inducing or
encouraging any person to make any kind of investment decision. You
are solely responsible for determining whether any investment,
security or strategy, or any other product or service, is
appropriate or suitable for you based on your investment objectives
and personal and financial situation. You should consult an
attorney or tax professional regarding your specific legal or tax
situation. You should also consult a licensed professional, such as
a financial advisor or broker-dealer, when dealing in any
securities or making any investment decisions. We do not guarantee
that any of the companies mentioned on Mugglehead.com or any of our
newsletters or content will perform as we expect, and any
comparisons we have made to other companies may not be valid or
come into effect.
This news release is not an offer to sell or a solicitation of
an offer to buy any securities or commodities. To the extent that
anything in this press release may be deemed to be investment
advice or a recommendation in connection with a particular company
or security, such information is impersonal and is not tailored to
the needs of any specific person.
You understand that an investment in any security is subject to
a number of risks, and that discussions of any security published
on the Site will not contain a list or description of relevant risk
factors. In addition, some of the securities about which content is
published by us have a low market capitalization, insufficient
public float and/or are thinly traded. Such securities are subject
to more risk than securities of larger companies, including greater
volatility, lower liquidity and less publicly available
information. Content we publish may have an effect on the price of
such securities.
From time to time, Mugglehead (on behalf of itself and any
partner, director, officer or insider of Mugglehead) may have a
financial or other interest in the party or parties featured in
this release, within the meaning of National Instrument 31-103 -
Registration Requirements, Exemptions, and Ongoing Registrant
Obligations, published by the Canadian Securities Administrators,
as a result of ownership of securities in, compensation received or
receivable from or other financial arrangement with such party or
parties featured in this press release. We will disclose if we have
a position in any such party or parties, as at the date of
publication of this press release; however, we may not update this
disclosure after such date. We have been compensated US$12,500 per
month for 12 months (total $150,000) by the Alkaline Water Company
for news coverage and our directors own shares of the Alkaline
Water Company.
In addition to historical information, this press release may
contain forward-looking statements, including statements with
respect to third parties regarding product plans, future growth,
market opportunities, strategic initiatives, industry positioning,
customer acquisition, the amount of recurring revenue and revenue
growth. In addition, when used on the Site, the words ''will,''
''expects,'' ''could,'' ''would,'' ''may,'' ''anticipates,''
''intends,'' ''plans,'' ''believes,'' ''seeks,'' ''targets,''
''estimates,'' ''looks for,'' ''looks to,'' ''continues'' and
similar expressions, as well as statements regarding a third
party's focus for the future, are generally intended to identify
forward-looking statements. Each of the forward-looking statements
we make in this press release involves risks and uncertainties that
may cause actual results to differ materially from these
forward-looking statements. Factors that might cause or contribute
to such differences include, but are not limited to, those
disclosed by the companies featured in this release in their public
securities filings. You should carefully review the risks described
therein. You should not place undue reliance on these
forward-looking statements, which speak only as of the date such
statement was published. Mugglehead undertakes no obligation to
publicly release any updates or revisions to the forward-looking
statements or reflect events or circumstances after the date of
their publication, except as required by law.
From time to time, reference may be made in this press release
to prior articles or opinions we have published. These references
may be selective, may reference only a portion of an article or
opinion, and are likely not to be current. As market information
changes continuously, previously published information and data,
and any references thereto, may not be current and should not be
relied upon.
If you ever have any questions or concerns about our business or
publications, we encourage you to contact us.
For interviews, advertising opportunities, and coverage requests - including brand and product reviews - contact us at: muggle (at) mugglehead.com
NewAge (NASDAQ:NBEV)
Historical Stock Chart
From Aug 2024 to Sep 2024
NewAge (NASDAQ:NBEV)
Historical Stock Chart
From Sep 2023 to Sep 2024