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Terra Tech Corp. (TRTC)

Terra Tech Corp Reports Financial Results for the Second Quarter of 2018

Terra Tech Corp. (TRTC)

 Terra Tech’s (TRTC) CEO Derek Peterson on Q2 2018 Results – Earnings Call Transcript

IRVINE, Calif., Aug. 09, 2018 (GLOBE NEWSWIRE) — Terra Tech Corp. (OTCQX: TRTC) (“Terra Tech” or the “Company”), a vertically integrated cannabis-focused agriculture company, today announced its second quarter financial results for the period ended June 30, 2018.

“During the second quarter of fiscal 2018 we focused on both growing topline revenues, which reached $8.7 million for the quarter, and investing in building out infrastructure to support our longer term growth strategy,” commented Derek Peterson, Chief Executive Officer of Terra Tech. “In Nevada, we maintain a significant, focused presence which covers both retail and cultivation. On the retail side, our dispensaries reported higher revenues as the adult use market continued to gain momentum. Subsequent to the quarter end, we also commenced cultivation activities at our Sparks, Nevada facility, of which we own 50% in conjunction with NuLeaf, to scale the supply of our wholesale IVXX® premium products.

“In California, we made strides expanding our presence in Santa Ana by securing retail permits for new dispensaries on East Dyer Road and Carnegie Avenue. With plans to apply for cultivation, distribution, and manufacturing permits, we believe these locations have the potential to be significant revenue generators for us. We are also in the process of relocating our Oakland extraction facility to the new facility in San Leandro. While this has impacted IVXX sales in the short term, we are confident this will allow us to increase our production and achieve greater distribution throughout California upon completion of the facility build out, which is expected to occur by the end of the year. By investing in infrastructure, we aim to establish a strong platform to ensure growth in shareholder value,” concluded Mr. Peterson.

Financial Update

  • Total revenues generated for the quarter ended June 30, 2018 were approximately $8.7 million, an increase of 11% from $7.8 million in the same period in 2017. This growth was due to revenue generated by the Company’s dispensaries in Nevada, and sales from its Blüm, Santa Ana dispensary in California, which was acquired in September 2017.

  • Gross margin for the quarter ended June 30, 2018 amounted to approximately 25.3%, compared to approximately 19.2% for the quarter ended June 30, 2017, primarily attributable to the cannabis segment, where the Company generated higher revenues to cover its fixed overhead costs.

  • Selling, general and administrative expenses for the quarter ended June 30, 2018 amounted to approximately $8.0 million, compared to approximately $6.0 million for the quarter ended June 30, 2017.

  • The net loss attributable to Terra Tech for the quarter ended June 30, 2018 was approximately $(11.4 million) or ($0.17) per share compared to a loss of approximately $(0.5 million) or ($0.01) per share for the quarter ended June 30, 2017.

  • The Company had $5.2 million in cash as of June 30, 2018, compared with $5.4 million as of December 31, 2017.

  • Stockholders’ equity for the quarter ended June 30, 2018 amounted to approximately $91.0 million, an increase of approximately $14.2 million compared to approximately $76.8 million as of December 31, 2017.

  • The Company had no short-term debt as of June 30, 2018. Long term debt was $12.8 million as of June 30, 2018, compared with $6.6 million as of December 31, 2017.

Business Update
California:

  • Oakland: The Company’s Blüm, Oakland dispensary continued to focus on the adult use market, however sales were negatively impacted by higher California state excise tax rates. To prepare for a ramp in demand as a result of the legalization of adult-use cannabis, Terra Tech continued constructing a 13,000 square foot cultivation facility in Hegenberger, Oakland which has the capacity to produce up to one metric ton, or 2,000 pounds, of cannabis per year. The facility is expected to be fully operational in the third quarter of 2018.
  • San Leandro: The Company continued construction of a Blüm dispensary and extraction facility, both of which are expected to open in the second half of 2018.

  • Santa Ana: In July, the Company received regulatory approval from the City of Santa Ana to acquire the cannabis retail permit associated with the dispensary for no additional consideration.  Additionally, the Company was granted two permits by the City of Santa Ana to operate retail dispensaries on East Dyer Road and Carnegie Avenue in Santa Ana, California.  Terra Tech plans to apply for cultivation, manufacturing and distribution permits at both locations.

Also in July, the Company secured a 25% ownership in The Healing Tree Collective, Inc., a California based permitted dispensary.

Nevada:

  • The Company’s four Blüm dispensaries in Nevada continued to ramp sales to the adult-use market.
  • Following approval from the State of Nevada, the Company commenced cannabis cultivation at its new Sparks facility in July, which was built out in the first quarter of 2018 in conjunction with NuLeaf Sparks.

  • The Company received final State of Nevada approvals to begin production at its 15,000 square foot cannabis extraction facility in Reno, NV, in July, which was also constructed in conjunction with NuLeaf.

  • In July, the Company agreed to sell 100% of the assets of its cannabis dispensary located at 1921 Western Avenue in Las Vegas, to Exhale Brands Nevada, for a total consideration of $6,250,000. This did not impact the Company’s results for the quarter ended June 30, 2018. The transaction is expected to close upon receipt of all state and local jurisdictional approvals.

Conference Call

The company will also host a conference call today, Thursday, August 9, 2018 at 4:30 PM Eastern Time.

Dial-In Number:                 1-857-232-0157
Access Code:                     422095

Derek Peterson, Chairman and CEO of Terra Tech Corp., will be answering shareholder questions at the end of the call. Should you have questions during or prior to the conference call please send an email to TRTC@kcsa.com with ‘TRTC Question’ in the subject line. Mr. Peterson will answer as many questions as time will allow.

For those unable to participate in the live conference call, a replay will be available at https://smallcapvoice.com/blog/trtc/. An archived version of the webcast will also be available on the investor relations section of the company’s website.

To be added to the Terra Tech email distribution list, please email TRTC@kcsa.com with TRTC in the subject line.

About Terra Tech

Terra Tech Corp. (OTCQX: TRTC) operates through multiple subsidiary businesses including: Blüm, IVXX Inc., Edible Garden, and MediFarm LLC.  Blüm’s retail and medical cannabis facilities provide the highest quality medical cannabis to patients who are looking for alternative treatments for their chronic medical conditions as well as premium cannabis to the adult-use market in Nevada and California. Blüm offers a broad selection of cannabis products including; flowers, concentrates and edibles through its Oakland, CA and multiple Nevada locations. IVXX, Inc. is a wholly-owned subsidiary of Terra Tech that produces cannabis-extracted products for regulated medical cannabis dispensaries throughout California and medical and adult-use dispensaries in Nevada. The Company’s wholly-owned subsidiary, Edible Garden, cultivates a premier brand of local and sustainably grown hydroponic produce, sold through major grocery stores such as ShopRite, Walmart, Ahold, Aldi, Meijer, Kroger, Stop & Shop and others nationwide. Terra Tech’s MediFarm LLC subsidiaries are focused on medical and adult-use cannabis cultivation and permitting businesses throughout Nevada.

For more information about Terra Tech Corp visit: http://www.terratechcorp.com/ 
For more information about IVXX visit: http://ivxx.com/ 
For more information about Blüm Nevada visit: http://letsblum.com
For more information about Blüm Oakland visit: http://blumoak.com/ 
Visit us on Facebook @ https://www.facebook.com/terratechcorp/timeline 
Follow us on Twitter @terratechcorp  
For more information about Edible Garden visit: http://www.ediblegarden.com/ 
Visit Edible Garden on Facebook @ https://www.facebook.com/ediblefarms?fref=ts 
Visit IVXX on Facebook @ https://www.facebook.com/ivxxbrand?fref=ts

Cautionary Language Concerning Forward-Looking Statements

Statements in this press release may be “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “anticipate”, “believe”, “estimate”, “expect”, “intend” and similar expressions, as they relate to the company or its management, identify forward-looking statements. These statements are based on current expectations, estimates and projections about the company’s business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and probably will, differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including those described above and those risks discussed from time to time in Terra Tech Corp.’s filings with the Securities and Exchange Commission. In addition, such statements could be affected by risks and uncertainties related to Terra Tech Corp.’s (i) product demand, market and customer acceptance of its equipment and other goods, (ii) ability to obtain financing to expand its operations, (iii) ability to attract qualified sales representatives, (iv) competition, pricing and development difficulties, (v) ability to integrate GrowOp Technology Ltd. into its operations as a reporting issuer with the Securities and Exchange Commission, and (vi) general industry and market conditions and growth rates and general economic conditions. Any forward-looking statements speak only as of the date on which they are made, and the company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release. Information on Terra Tech Corp.’s website does not constitute a part of this release.

Contact
Philip Carlson 
KCSA Strategic Communications
TRTC@kcsa.com     
212-896-1238

 
TERRA TECH CORP. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(UNAUDITED)
                             
    Three Months Ended   Six Months Ended
    June 30,   June 30,
    2018     2017   2018     2017
                     
Total Revenues    $   8,718,177        $   7,842,873      $   17,333,543        $   14,667,329  
Cost of Goods Sold       6,509,754           6,336,500         13,477,680           12,801,893  
                             
Gross Profit       2,208,423           1,506,373         3,855,863           1,865,436  
                             
Selling, General and Administrative Expenses       8,002,370           6,029,287         16,424,918           12,415,587  
                             
Loss from Operations       (5,793,947 )         (4,522,914 )       (12,569,055 )         (10,550,151 )
                             
Other Income (Expense):                            
Amortization of Debt Discount       (417,363 )         (515,654 )       (885,680 )         (1,126,270 )
Loss on Extinguishment of Debt       (3,127,477 )         (1,639,137 )       (7,858,723 )         (2,678,595 )
Gain (Loss) on Fair Market Valuation of Derivatives       (1,653,000 )         987,200         628,000           2,597,950  
Interest Expense, Net       (331,379 )         (130,510 )       (591,000 )         (288,343 )
Loss on Fair Market Valuation of Contingent Consideration       –            (77,286 )       –            (4,426,047 )
Gain on Settlement of Contingent Consideration       –            4,991,571         –            4,991,571  
                             
Total Other Income (Expense)       (5,529,219 )         3,616,184         (8,707,403 )         (929,734 )
                             
Net Loss       (11,323,166 )         (906,730 )       (21,276,458 )         (11,479,885 )
Net Income (Loss) Attributable to Non-Controlling Interest       104,837           (452,961 )       183,465           (914,128 )
                             
NET LOSS ATTRIBUTABLE TO TERRA TECH CORP.    $   (11,428,003 )      $   (453,769 )    $   (21,459,923 )      $   (10,565,757 )
                             
Net Loss Per Common Share Attributable to Terra
Tech Corp. Common Stockholders – Basic and
Diluted
  $   (0.17 )     $   (0.01 )   $   (0.32 )     $   (0.28 )
                             
Weighted-Average Number of Common Shares
Outstanding – Basic and Diluted
    68,734,997         38,873,092       66,734,450         38,349,946  
 

 

TERRA TECH CORP. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
                 
    June 30,     December 31,  
    2018     2017  
    (Unaudited)        
ASSETS
             
Current Assets:            
Cash   $ 5,153,608       $ 5,445,582    
Accounts Receivable     1,210,446         959,698    
Notes Receivable     6,158,731         5,010,143    
Inventory     3,840,773         5,760,019    
Assets Held for Sale     904,352           –     
Prepaid Expenses and Other Current Assets     1,086,989         1,067,689    
                 
Total Current Assets     18,354,899         18,243,131    
                 
Property, Equipment and Leasehold Improvements, Net     34,940,408         19,191,616    
Intangible Assets, Net     26,696,348         27,773,110    
Goodwill     28,921,260         28,921,260    
Other Assets     878,098         4,058,682    
                 
TOTAL ASSETS   $ 109,791,013       $ 98,187,799    
                 
LIABILITIES AND STOCKHOLDERS’ EQUITY
LIABILITIES:                
Current Liabilities:                
Accounts Payable and Accrued Expenses   $ 4,076,973       $ 5,444,710    
Derivative Liabilities     1,891,400         9,331,400    
                 
Total Current Liabilities       5,968,373           14,776,110    
                 
Long-Term Liabilities:                
Long-Term Debt, Net of Discounts       12,811,403           6,609,398    
                 
Total Long-Term Liabilities       12,811,403           6,609,398    
                 
Total Liabilities     18,779,776         21,385,508    
                 
COMMITMENTS AND CONTINGENCIES                
                 
STOCKHOLDERS’ EQUITY:                
Preferred Stock, Convertible Series A, Par Value 0.001:       –            –     
100 Shares Authorized as of June 30, 2018 and December 31, 2017; 8 Shares
Issued and Outstanding as of June 30, 2018 and December 31, 2017
Preferred Stock, Convertible Series B, Par Value 0.001:       –            –     
49,999,900 Shares Authorized as of June 30, 2018 and December 31, 2017; 0
Shares Issued and Outstanding as of June 30, 2018 and December 31, 2017
Common Stock, Par Value 0.001:       70,853           61,819    
990,000,000 Shares Authorized as of June 30, 2018 and December 31, 2017;
70,852,978 and 61,818,560 Shares Issued and Outstanding as of June 30, 2018 and
December 31, 2017, respectively
Additional Paid-In Capital     216,839,872         181,357,715    
Accumulated Deficit       (127,008,525 )         (105,548,602 )  
                 
Total Terra Tech Corp. Stockholders’ Equity     89,902,200         75,870,932    
Non-Controlling Interest       1,109,037           931,359    
                 
Total Stockholders’ Equity     91,011,237         76,802,291    
                 
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY   $ 109,791,013       $ 98,187,799    
Posted in Interviews| Tagged , |

Cannabis Consortium Releases Update

  • City approves marijuana licenses
  • The manufacturing equipment begins move into the new Sacramento building
  • Infused Edibles generates $500k in sales for Q2
  • Cannabis Consortium completes a small private placement at $1.00 per share

COCONUT CREEK, Fla., July 16, 2018 (GLOBE NEWSWIRE) — via OTC PR WIRE– Bahamas Development Corporation (OTCPINK:BDCI) affiliate company Global Consortium, Inc. dba Cannabis Consortium Partners have received approval from the City of Sacramento for the issuance of their 3 cannabis licenses: Cultivation, Manufacturing and Distribution.

The next step in opening for business in the new building is the issuance of the City Business License. This can take 4 to 6 weeks.

As part of the building purchase, a lease was negotiated to occupy the building while we were waiting for all the approvals and the closing. Last week, the extractors which are used to manufacture the “Oil” were moved into the building. Over the next few weeks, upgrades to the building including electrical service and the build out of the production lines will be completed.

Indulge Oils will be operational in September or October and revenue producing within 10 days from the start of production.

Infused Edibles closed the quarter with just over $500,000 in sales. Next quarter, the company will be working with 4 new store fronts that have agreed to stock their stores with a minimum of 30% of Infused Edible’s products. This will add significantly to the sales in Q3 and Q4. THC will be added back into the product mix when Indulge Oils begins operations.

Cannabis Consortium closed a small private placement for $190,000 at $1.00 per share.

More updates will be coming soon and outlined in the quarterly report due by the 15th of August, including 2 more acquisitions.

Through the various acquisitions, BDCI ownership in Global Consortium was diluted and BDCI currently owns about 25% of the company as of the end of June. Global Consortium is no longer a subsidiary of BDCI and is currently classified as an affiliate company of BDCI.

BDCI along with Global Consortium and its partners are working on a rollup of all the Cannabis Assets into BDCI and more will be explained within the June Quarterly financials.

Bahamas Development Corporation, in compliance with SEC regulations, may in the future use social media outlets like Facebook or Twitter and its own website to announce key information in compliance with Reg FD.

Forward-Looking Statements

This news release contains “forward-looking statements” as that term is defined in Section 27(a) of the United States Securities Act of 1933, as amended and Section 21(e) of the Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, estimates of services and equipment markets, release of corporate apps, growth of platform, target markets, product releases, product demand and, business strategy. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also consider that any investment in securities is at risk.

Details of the Company’s business, finances, appointments and agreements can be found as part of the Company’s continuous public disclosure on otcmarkets.com.

For additional information about this release please contact:

Investor Relations:

Matt Dwyer
matt@cannabisconsortium.net
www.cannabisconsortium.net
954-906-0098

Posted in Client News| Tagged , |

Terra Tech Corp. Announces Sale of Western Avenue, Nevada Retail Dispensary for $6.25 million

IRVINE, Calif., July 12, 2018 (GLOBE NEWSWIRE) — Terra Tech Corp. (OTCQX:TRTC), (“Terra Tech” or the “Company”), a vertically integrated cannabis-focused agriculture company, is pleased to announce it has agreed to sell 100% of the assets of its cannabis dispensary located at 1921 Western Avenue in Las Vegas, to Exhale Brands Nevada, for a total consideration of $6,250,000.

Located adjacent to the Las Vegas Strip, the 3,900 square foot facility for the Western Avenue dispensary was initially opened by Terra Tech in April of 2015. Terra Tech is confident that a sale is the best way to realize value for shareholders, given the significant increase in value the property has seen since it was purchased by the Company.

Terra Tech retains a significant, focused presence in the Nevada market, to which it remains committed. The Company operates its Blüm, Desert Inn Road and Blüm, Decatur Boulevard dispensaries, both of which are located in Las Vegas, as well as its Blüm Reno dispensary, in Northwest Nevada. The Company also recently opened a new, 30,000 square foot cultivation facility in Sparks, Nevada and is awaiting State approval for a 15,000 square foot extraction lab in Reno, Nevada, both of which it owns 50%, which is expected to drive a ramp in production of its premium quality cannabis for the medical and adult-use markets.

As owners of medical and adult-use cannabis business licenses in Las Vegas associated with these dispensaries, the Company has the ability to apply for additional licenses based on its grandfather status. The company will be pursuing additional permits in new locations with better proximity to major tourist attractions in Las Vegas.

Derek Peterson, CEO of Terra Tech, commented, “The valuation of the Blüm Western Avenue location has increased significantly since the store opened, driven primarily by our ability to secure a business license that enables it to operate as a cannabis dispensary. We are pleased to monetize this asset and lock in these gains as the revenues generated from this property are immaterial to our overall business. Since Nevada’s legislations state that only existing medical cannabis establishment certificate holders can apply for a retail cannabis licenses, we have the option to apply for the further business licenses in Nevada if we want. Furthermore, this transaction provides the company with additional resources to continue to fund and scale the business as it enters its next phase of growth. Terra Tech is well positioned to build on its strong momentum through increased brand recognition and our investments in infrastructure. Our other dispensaries continue to perform well and, as we ramp our cultivation and production capabilities, we also expect to see strengthening sales of our wholesale IVXX™ branded cannabis products.”

We anticipate the closing of the transaction within 90 days, pending all state and local jurisdictional approvals.

To be added to the Terra Tech email distribution list, please email TRTC@kcsa.com with TRTC in the subject line.

About Terra Tech

Terra Tech Corp. (OTCQX: TRTC) operates through multiple subsidiary businesses including: Blüm, IVXX Inc., Edible Garden, and MediFarm LLC. Blüm’s retail and medical cannabis facilities provide the highest quality medical cannabis to patients who are looking for alternative treatments for their chronic medical conditions as well as premium cannabis to the adult-use market in Nevada and California. Blüm offers a broad selection of cannabis products including; flowers, concentrates and edibles through its Oakland, CA and multiple Nevada locations. IVXX, Inc. is a wholly-owned subsidiary of Terra Tech that produces cannabis-extracted products for regulated medical cannabis dispensaries throughout California and medical and adult-use dispensaries in Nevada. The Company’s wholly-owned subsidiary, Edible Garden, cultivates a premier brand of local and sustainably grown hydroponic produce, sold through major grocery stores such as ShopRite, Walmart, Ahold, Aldi, Meijer, Kroger, Stop & Shop and others nationwide. Terra Tech’s MediFarm LLC subsidiaries are focused on medical and adult-use cannabis cultivation and permitting businesses throughout Nevada.

For more information about Terra Tech Corp visit: http://www.terratechcorp.com/
For more information about IVXX visit: http://ivxx.com/
For more information about Blüm Nevada visit: http://letsblum.com
For more information about Blüm Oakland visit: http://blumoak.com/
Visit us on Facebook @ https://www.facebook.com/terratechcorp/timeline
Follow us on Twitter @terratechcorp
For more information about Edible Garden visit: http://www.ediblegarden.com/
Visit Edible Garden on Facebook @ https://www.facebook.com/ediblefarms?fref=ts
Visit IVXX on Facebook @ https://www.facebook.com/ivxxbrand?fref=ts

CONTACTS
Terra Tech Corp.
Philip Carlson
KCSA Strategic Communications
TRTC@kcsa.com
212-896-1238

Posted in Client News| Tagged , |

Cannabis Consortium Secures Loan for $1 Million

  • The loan is non-convertible
  • The loan term is 1 year
  • The funds will be used to pay down existing debt

COCONUT CREEK, Fla., June 22, 2018 (GLOBE NEWSWIRE) — Via OTC PR Wire — Bahamas Development Corporation (OTCPINK:BDCI) subsidiary company Global Consortium, Inc., f/k/a Cannabis Consortium, has secured a non-convertible loan for $1 million dollars from the same party that invested $1 million dollars in the previously announced private placement.

The loan is non-convertible, and will not cause any dilution for Global Consortium, Inc. The Note has a term of 1 year and carries an interest rate of 6%. Funding of the loan will be completed on or before July 3, 2018, and funds will be disbursed to the parties on the same day.

Global Consortium will use the funds to pay down the note for $1.5 million owed on the Indulge Oils transaction. An agreement has been entered into with the Company’s President Tom Roland, to extend a portion of the final payment of $500,000 until the end of July 2018. A short-term note for 30 days will be entered into between Global Consortium Inc. and Mr. Roland.

After the July 4th break, Global will report on its revenue figures for the period ending June 30, 2018.

Bahamas Development Corporation, in compliance with SEC regulations, may in the future use social media outlets like Facebook or Twitter and its own website to announce key information in compliance with Reg FD.

Forward-Looking Statements

This news release contains “forward-looking statements” as that term is defined in Section 27(a) of the United States Securities Act of 1933, as amended and Section 21(e) of the Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, estimates of services and equipment markets, release of corporate apps, growth of platform, target markets, product releases, product demand and, business strategy. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also consider that any investment in securities is at risk.

Details of the Company’s business, finances, appointments and agreements can be found as part of the Company’s continuous public disclosure on otcmarkets.com.

For additional information about this release please contact:

Investor Relations:

Matt Dwyer
matt@cannabisconsortium.net
www.cannabisconsortium.net
954-906-0098

Posted in Client News| Tagged , |

Who is Truly Making and Serving Clean, Healthy Food?

There isn’t a lot of regulation today when it comes to how foods are labeled to the general public. Yes, they have to include calorie counts and ingredients of course, but they don’t necessarily have to account for the impression they give consumers about the healthiness of their product. They may tell people that a snack or beverage is ‘good for them’, when in reality, it’s the exact opposite. See why this is, and how Hip Cuisine Inc. (OTC: HIPC) is attempting to shift the paradigm for health-conscious consumers everywhere.

Health Foods May Not Be Very Healthy

A typical energy bar on a shelf may be able to give you a boost of protein so you don’t reach for the potato chips during your mid-day break but that doesn’t mean you made the right choice for your body. The truth is that most healthy foods are so packed with sugar and preservatives that you’re really just setting your body up to rise and fall. Sugar gives you a notorious rush, but it doesn’t last long. It just leaves you craving more sugar in a limited amount of time, creating a cycle you’d probably rather not be on. To break that cycle, people need access to better choices. As illness and disease rates climb, more and more consumers are recognizing that food is the key to how we feel and what we do.

The Business of Clean Eating

This dilemma of finding healthier food has led to plenty of companies attempting to dominate an ever-growing space. But Hip Cuisine, Inc. seems to have hit a winning combination of taste and health that’s taking consumers by storm. Hip Cuisine is a global nutritional foods company, that brings fresh, organic foods to the health-conscious consumer. Hip Cuisine also owns Living Gourmet, a line of fresh, organic raw-vegan foods, which include vegan burgers, sandwiches, burritos and soups. The Company also has various joint-ventures with select specialty food, beverage and lifestyle health brands, including an exclusive distribution agreement with Medidate Coffee, a gourmet antioxidant and protein-rich coffee made from date seeds, and a retailer agreement with Charlotte’s Web, a maker of high-cannabidiol (CBD), low-tetrahydrocannabinol (THC) Cannabis extract marketed as a dietary supplement. Learn more about these major offerings Hip Cuisine and how you can try them for yourself.

Rawkin Juice

Rawkin Juice serves authentic cold pressed juices & smoothies, amazing salads, vegan meals and raw desserts. After years of research Rawkin Juice opened its doors in Burbank in 2014 featuring its state-of-the-art organic-vegan kitchen. The company made its own original, cold-pressed juice and smoothie blends, always made fresh to order, for pick up in person or through online delivery. Its colorful, musical menu creates an upbeat theme and a fun environment for healthy conscious customers. Using local sources for organic fruits and vegetables, the company uses glass bottles exclusively to further demonstrate its commitment to optimum credibility of nutrients.

Living Gourmet

Inspired to create an optimum health lifestyle, Living Gourmet has been identified as “A Pioneer in Raw Food Technique!” By exploring a new set of culinary arts techniques, the company discovered a way to balance the organic flavors of seasonings, herbs, fresh produce, nuts, seeds, and beans to make delicious meals and snacks that are beneficial to the body.

Medidate Coffee

A Mediterranean staple for centuries, new Medidate Coffee is unlike any other ‘coffee’ drink you’ve likely ever experienced – or ever will. Made entirely from antioxidant and protein-rich ground date seeds, pure, organic Medidate Coffee offers a cross between coffee and tea, brilliantly created to offer a calming, cleansing, high fiber ‘coffee,’ great for optimal bone and heart health.

Charlotte’s Web

Charlotte’s Web is a high-cannabidiol (CBD), low-tetrahydrocannabinol (THC) Cannabis extract marketed as a dietary supplement under federal law of the United States. It is produced by the Stanley brothers in Colorado. It does not induce the psychoactive “high” typically associated with recreational marijuana strains that are high in THC. In September 2014, the Stanleys announced that they would ensure that the product consistently contained less than 0.3% THC.

Charlotte’s Web is named after Charlotte Figi, born October 18, 2006 (age 11), whose story has led to her being described as “the girl who is changing medical marijuana laws across America.” Her parents and physicians say she experienced a reduction of her epileptic seizures brought on by Dravet syndrome after her first dose of medical marijuana at five years of age. Her usage of Charlotte’s Web was first featured in the 2013 CNN documentary “Weed”. Media coverage increased demand for Charlotte’s Web and similar products high in CBD, which has been used to treat epilepsy in toddlers and children. It was originally called “Hippie’s Disappointment” as it was a strain that had high CBD instead of THC.

Learn more about Hip Cuisine, their history, the passion behind the products and the goals for the Company and its investors here.

About the Author

Stuart Smith is the CEO and Founder of SmallCapVoice.com. SmallCapVoice.com. is a recognized corporate investor relations firm, with clients nationwide, known for its ability to help emerging growth companies build a following among retail and institutional investors. SmallCapVoice.com utilizes its stock newsletter to feature its daily stock picks, audio interviews, as well as its clients’ financial news releases. SmallCapVoice.com also offers individual investors all the tools they need to make informed decisions about the stocks they are interested in. Tools like stock charts, stock alerts, and Company Information Sheets can assist with investing in stocks that are traded on the OTC BB and Pink Sheets. To learn more about SmallCapVoice.com and their services, please visit https://smallcapvoice.com/blog/the-small-cap-daily-small-cap-newsletter/

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Get to Know ENDEXX Corp.

ENDEXX Corp. (OTC: EDXC) got its start as a software company before moving into a number of different markets, including nutritional and therapeutic foods and inventory tracking systems. Their main endeavors include providing consumable cannabis products for dogs and tracking systems for retail pharmacies. EDXC has its proverbial irons in a lot of fires these days, but the multiple revenue streams are starting to pay off, putting it on the fast track to becoming a $100 million company in the next three to five years. These recent developments make it a good time for investors to learn more about their mission and leadership.

Getting Its Start

The company got its start more than a decade ago by building out different types of software platforms. Once they had a number of projects completed, they found that the pharmaceutical industry would be the best place to successfully sell their platforms. Retailers could use their technology to improve their tracking systems and to increase their general accountability. EDXC also saw that there was a need for additional CBD products in the marketplace, a specific type of non-psychoactive cannabis that has numerous therapeutic benefits for all mammals. It’s why they started their own line of CBD-infused Phyto-Bites specifically made for dogs to help owners everywhere alleviate their pup’s pain and anxiety.

Making Moves

EDXC has been busy hiring respected professionals in the pharmaceutical industry, so they can get the insight and perspective they need to make a splash in a competitive industry. They understood that they needed a bridge between their software and the pharmacists and store managers who would ultimately use that software. The new leadership in the company is set to provide further advice and refinements for their product. These new team members, which include a former Regional Vice President for Walgreens, will help to round out the company’s mission and streamline their general daily activities. Now, EDXC won’t have to cold-call companies like CVS or Walgreens in order to get their products into their stores. They’ll be able to rely on their leadership’s knowledge and connections to help launch them into the new frontier of their business.

Changing Expectations

The cannabis industry has seen tremendous growth in many areas, not because of its taboo nature but because its proven advantages. Those who have over-anxious puppies or older dogs who are experiencing chronic pain will delight in having Phyto-Bites soft chews to help soothe and relax their pets. CBD is not only all-natural, it’s also virtually free of harmful side effects. And CEO of EDXC, Todd Davis, didn’t take anything for granted when developing their line of products. The company worked with respected doctors and researchers in the industry to ensure that their product was not only safe and scalable, but also effective. The company has been steadily building toward their success – not just jumping into new industries without any preparation.

New Contracts

One major piece of news this year is a contract between Impulse Health and Endexx Corp to implement AutoSpense™. This technology was developed by EDXC as a way to better regulate over-the-counter products, such as Sudafed. The goal is to simultaneously decrease theft and potential abuse while improving the customer experience for legitimate buyers. The need for this technology only continues to grow and is expected to reach $19 billion by 2023. The contract puts EDXC in the perfect position to become the leading provider of this service across retail stores everywhere. They’re even in talks with international pharmaceutical companies to bring the technology overseas.

What’s Next

Now that they’ve laid the foundation for themselves, the goals for EDXC are ramping up. They hope to take their consumable products to 20,000 pharmacies across the nation. (For 2018, they’re focusing their numbers close to 3,000 – 5,000 retail stores.) They’re also hoping to implement their AutoSpense™ technology in up to 5% of retail stores. With revenue split about 50/50 between their consumable products and their dispensing technology, the company is on track to hit $100 million in as little as three years.

About the Author

Stuart Smith is the CEO and Founder of SmallCapVoice.com. SmallCapVoice.com. is a recognized corporate investor relations firm, with clients nationwide, known for its ability to help emerging growth companies build a following among retail and institutional investors. SmallCapVoice.com utilizes its stock newsletter to feature its daily stock picks, audio interviews, as well as its clients’ financial news releases. SmallCapVoice.com also offers individual investors all the tools they need to make informed decisions about the stocks they are interested in. Tools like stock charts, stock alerts, and Company Information Sheets can assist with investing in stocks that are traded on the OTC BB and Pink Sheets. To learn more about SmallCapVoice.com and their services, please visit https://smallcapvoice.com/blog/the-small-cap-daily-small-cap-newsletter/

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