PALM BEACH, FL -- February 9, 2021 -- InvestorsHub NewsWire --
via FN Media Group LLC -- UBER was invented to 'deliver' people
from "A" to "B". Now it's future is delivering alcohol. Recently,
according to an article on CBS San Francisco, UBER announced that it is acquiring alcohol delivery
startup Drizly for $1.1 billion in stock and cash. The
deal, will result in Drizly being integrated into Uber's food
delivery app while also remaining a standalone app. Drizly
was founded in 2012, inspired by what the company's
site describes as a "simple text" between two friends:
"Why can't you get alcohol delivered?" It now partners with
thousands of retailers in more than 1,400 US cities to sell alcohol
through its platform to be delivered in under an hour.
"Wherever you want to go and whatever you need to get, our goal at
Uber is to make people's lives a little bit easier. That's why
we've been branching into new categories like groceries,
prescriptions and now, alcohol," said Uber CEO Dara
Khosrowshahi in a statement." Active Cannabis
companies in the markets this week include NxGen
Brands Inc. (OTCPK:
NXGB), ISW Holdings, Inc. (OTCPK:
ISWH), Organigram Holdings
Inc. (NASDAQ: OGI)
(TSX: OGI), Tilray,
Inc. (NASDAQ: TLRY), Puration,
Inc. (OTCPK:
PURA).
The news comes as delivery services have seen skyrocketing
demand during the pandemic. Uber has leaned on Eats, its food
delivery business, while its core rides business has plummeted. In
July, Uber acquired one of its smaller food delivery competitors,
Postmates, for $2.65 billion in an all-stock deal.
The trend to add delivery to increase revenues is growing in other
markets as well, specifically the Cannabis market. According to a
recent report by ArcView Market Research and BDS Analytics, said
that the delivery sub-market will be the highest, fastest growing
stream in the market. It concluded: "The marijuana industry
is hurdling forward in sales and business opportunities with no
signs of stopping. The delivery sector is particularly one we
should be keeping our eyes on, as it delivers the most promise for
growth and robust revenue. As legalization heats up across the
US, we can only expect delivery services to continue stepping up
their game to meet the growing demand… With delivery licenses
allowing cannabis delivery anywhere in California, the chance
is now, and the opportunity is here."
NxGen Brands Inc. (OTCPK:
NXGB) BREAKING
NEWS: NxGen Brands, Inc. Cannabis
Dispensary Delivery Services Market Expansion via Existing
Operators - NxGen Brands
announced this week that it has entered into a strategic alliance
with Capital Cannabis Direct ("Partner")
a California company that owns a delivery network
specializing in both medicinal and recreational cannabis. The
partnership will allow the Company to deliver its own proprietary
brands of flower and CBD products, and will be the first to use our
delivery services applications slotted for Q2 2021. This service is
for a SAAS licensing model for dispensaries across the country. The
sale and delivery of recreational and medicinal cannabis is
projected to see explosive growth through 2027, and this
transaction allows the Company to be at the forefront of the
projected wave.
The partnership will allow NxGen Brands to produce and ship via
Capital Cannabis Direct licensed delivery network both existing
SKU's and Cannabis based edibles and topicals as an entry point
into the industry.
"We are thrilled with our partnership given its innovative
approach to creating a worry-free cannabis experience focused
specifically on automation and discretion," said Angel Burgos,
CEO of NxGen Brands Inc. The Company feels that the partnership
brings Leafywell™ further along its strategic path of expansion and
growth in targeting specific demographics of the cannabis market.
With the signing of the agreement in February, this enables us to
fast track the operations setup and line up the offering to the
customers for now and into the near future. "We have been patiently
waiting for the next step in the evolution of our business and have
been planning this upgrade for quite some time. It was of absolute
importance for us to select a company that has access to growers
that are committed to QA/QC oversight," said Angel Burgos, CEO
of NxGen Brands. "I can't wait for customers to see the quality of
the products that will be available to the existing and the new
ones which will experience the offering that we have been working
on together with various labs throughout the United
States". To read this and more news
for NxGen Brands, please
visit: https://nxgenbrands.com/news/
Other recent developments in the markets include:
ISW Holdings, Inc. (OTCPK:
ISWH) recently
announced that it is in the process of
converting $20,000 of the Company's cash holdings into
Bitcoin. The Company also announces that it will be regularly
conducting similar transactions on a quarterly basis to convert a
percentage of cash flows into Bitcoin. Management expects
this transaction to be completed this week. The Company began
transitioning cash resources into Bitcoin with an initial
transaction in March 2019 at
approximately $4,000/Bitcoin.
"We believe in the future of Bitcoin and digital payment
systems, and cash represents an unproductive asset given the degree
of monetary expansion, stimulus, and debt dragging down traditional
currency systems," commented Alonzo Pierce, President and
Chairman of ISW Holdings. "We are also on schedule to launch mining
operations through our S19 Pod5 solution at the Bit5ive renewable
energy project by the end of January." ISWH has also
established itself as a health and wellness company with a
focus on reshaping the CBD products market through state-of-the-art
nanotechnology processes, developing a wide range of nano-infused
CBD gummies and beverages formulations.
Organigram Holdings Inc. (NASDAQ: OGI)
(TSX: OGI), the parent company of Organigram Inc. (together, the
"Company" or "Organigram"), a leading licensed producer of
cannabis, announced
its results for the first quarter ended November 30,
2020 ("Q1 Fiscal 2021" or "Q1 2021").
"We are pleased with our double-digit sales growth in the
Canadian adult-use recreational market this past quarter as it
reflects the success of many of our new product launches,
particularly in the dried flower value segment," said Greg
Engel, CEO. "Now we look forward to our new higher margin Edison
dried flower offerings contributing substantially to overall
revenue with even more new products to come in the next few
quarters. We believe our product portfolio revitalization combined
with additional resources to ramp up production and achieve greater
economies of scale as well as our relentless focus on increased
automation and cost efficiency opportunities position us well to
generate further top-line growth and significantly improve gross
margins."
Tilray, Inc. (NASDAQ: TLRY), a
global pioneer in cannabis research, cultivation, production, and
distribution, recently
announced it has agreed with Worldpharma Biotech
("Worldpharma"), through its wholly-owned subsidiary Tilray
Portugal Unipessoal Lda. ("Tilray Portugal"), to export Good
Manufacturing Processes (GMP) certified medical cannabis
from Portugal to Spain. The shipment marks the first
medical cannabis import into Spain by Worldpharma and the
17thcountry to receive Tilray medical cannabis
worldwide.
The Agencia Española de Medicamentos y Productos Sanitorios
(AEMPS), Spain's food and drug administration, has
approved Worldpharma to import Tilray's GMP-certified medical
cannabis as raw material from its Portugal facility
to Spain. With Tilray's pharmaceutical-grade cannabis,
Worldpharma will develop medical cannabis products for clinical
trials in Spanish Hospitals for diseases such as Alzheimer's,
Parkinson's disease, and skin inflammation.
Puration, Inc. (OTCPK: PURA) recently
announced finalizing plans to break ground this summer on
its recently acquired 70-acre property in Farmersville,
Texas to begin construction on its new facilities.
PURA recently announced expanding upon its current EVERx CBD
Sports Water business generating approximately $2
million in annual revenue with the launching a new hemp
lifestyle brand business intended to raise overall market
awareness. PURA is building partnerships with other hemp
related industry companies to pursue pilot enterprises that will
help demonstrate full utility of hemp.
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