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Why 2020 is the Year for Cannabis E-Commerce Stocks

FN Media Group Presents Microsmallcap.com Market Commentary


News provided by

Microsmallcap.com

Sep 23, 2020, 08:45 ET

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NEW YORK, Sept. 23, 2020 /PRNewswire/ -- When it comes to consumer habits, nothing is more prevalent or lucrative than online shopping and the cannabis industry is no different. Although the industry faced hardship in 2019, the global pandemic has caused significant consumer spending on cannabis products, with sales booming across Canada and some legal US states over the last few months. The crisis has also changed consumer spending habits to favor online shopping, creating new opportunities for cannabis companies with e-commerce capabilities like Aurora Cannabis Inc (TSX:ACB) (NYSE:ACB), Canopy Growth Corp. (TSX:WEED) (NYSE:CGC), Aphria Inc. (TSX:APHA) (NASDAQ:APHA), Thoughtful Brands Inc (CSE:TBI) (OTCQB:PEMTF), and Namaste Technologies (TSX-V:N) (OTCQB:NXTTF).

With Canada's recreational weed sales set to double this year and grow by over 500% by 2025, companies with a competitive edge in the e-commerce space have a chance to capitalize on the growing market. Namaste Technologies is one cannabis company that has been focused on the online market since the early days. The company launched its online cannabis marketplace CannMart back in September 2018 and hasn't looked back since.

The Missing Link of the Cannabis Industry

While most major cannabis companies have some form of online storefront, Namaste Technologies  has developed a cannabis marketplace that hosts a variety of cannabis brands and products that distribute to medical patients through its online portal and to recreational users through provincial government control boards and retailing bodies. In addition, the company has signed agreements with government bodies across Canada to bring on new brands to recreational users, creating the missing link between licensed producers, cannabis retailers, and consumers. Adding to this, Namaste Technologies has recently launched "VendorLink",  a cannabis and cannabis accessory marketplace where vendors can offer their products directly to both medical and recreational consumers through CannMart.

Last month, Namaste Technologies expanded its product offerings by adding a selection of products from leading Canadian brand Indiva. The company now offers Indiva's CBD Softgels, Indica Capsules, along with its award-winning Bhang chocolates and Wana sour gummies on CannMart's B2C distribution channel for its medical customers. In Q2 2020, Bhang chocolates remained the top-selling chocolate in most major markets and accounted for $1.5 million of Indiva's $2.8 million in sales revenue for the quarter.

Namaste Technologies has also seen a positive uptick in its revenue the last two quarters. In Q1 2020, the company brought in C$5.3 million, marking its highest quarterly revenue in two years. Then in Q2, Namaste reported record revenue of C$6.9 million, a 73% increase over the same period last year and 31% more than Q1. One significant contribution to Namaste's growing revenue is the growth of its B2B distribution channels and its Cannabis 2.0 product launches.

Another company moving into the cannabis e-commerce space is Thoughtful Brands Inc (CSE:TBI) (OTCQB:PEMTF), a natural health products and e-commerce technology company. The company gained a slice of the market last week with the launch of Ecommerce Tech LLC, which will utilize a software platform that has facilitated over C$350 million in consumer transactions. Thoughtful Brands also recently expanded its portfolio of CBD and nutraceutical products through the acquisition of Golden Path LLC and Wild Mariposa.

Demand for Cannabis Continues to Grow

Although online cannabis sales were happening pre-pandemic, lockdowns and stay-at-home orders have sent more consumers online to purchase their pot and the trend is expected to continue. Several provinces have changed the laws surrounding cannabis e-commerce over the last few months to cater to the new norm, and many appear to be working to make that permanent.

As demand flourishes during the health crisis, long-suffering publicly-traded cannabis companies like Aphria Inc., Canopy Growth Corp., and Aurora Cannabis Inc are finally seeing positive sales growth.

In July 2020, Aphria Inc. (TSX:APHA) (NYSE:APHA) reported a 27% increase in its gross revenue from adult-use cannabis to C$56.7 million, marking its fifth consecutive quarter of growth. The company saw a net revenue of C$152.2 million in fiscal Q4, an 18% increase from the previous quarter. Aphria also ended the quarter with $497.2 million in cash and cash equivalents.

Cannabis industry giant Canopy Growth Corp. (TSX:WEED) (NYSE:CGC) also increased its revenue by 22% in the last quarter and beat earning estimates. When the pandemic hit, the company made the decision to temporarily shutter its 23 storefronts in Canada and shift its focus from retail to e-commerce. Canopy also just expanded its online offerings with the launch of its new US e-commerce website ShopCanopy.com, which sells a variety of CBD products.

Aurora Cannabis Inc (TSX:ACB) (NYSE:ACB) has also seen an increase in revenue, with net revenue increasing by 18% in fiscal Q3 to $78.4 million, although it's unclear how much is being generated through online sales. In July 2018, Aurora selected Shopify as its e-commerce platform for medical and recreational cannabis distribution globally.

Of course, what truly sets companies like Namaste Technologies apart from these other cannabis businesses is the fact that it isn't bogged down by operational costs or the price of cannabis. Essentially, Namaste's emerging marketplace is similar to services like Uber and Airbnb, which act as the middleman between consumers and the products and services they desire.

For more information on Namaste Technologies (TSX-V:N) (OTCQB:NXTTF) Please  click here.

DISCLAIMER: Microsmallcap.com (MSC) is the source of the Article and content set forth above. MSC owns and operates Potstocknews.com.  References to any issuer other than the profiled issuer are intended solely to identify industry participants and do not constitute an endorsement of any issuer and do not constitute a comparison to the profiled issuer. FN Media Group (FNM) is a third-party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated with MSC or any company mentioned herein. The commentary, views and opinions expressed in this release by MSC are solely those of MSC and are not shared by and do not reflect in any manner the views or opinions of FNM. Readers of this Article and content agree that they cannot and will not seek to hold liable MSC and FNM for any investment decisions by their readers or subscribers. MSC and FNM and their respective affiliated companies are a news dissemination and financial marketing solutions provider and are NOT registered broker-dealers/analysts/investment advisers, hold no investment licenses and may NOT sell, offer to sell or offer to buy any security.

 The Article and content related to the profiled company represent the personal and subjective views of the Author (MSC), and are subject to change at any time without notice. The information provided in the Article and the content has been obtained from sources which the Author believes to be reliable. However, the Author (MSC) has not independently verified or otherwise investigated all such information. None of the Author, MSC, FNM, or any of their respective affiliates, guarantee the accuracy or completeness of any such information. This Article and content are not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action; readers are strongly urged to speak with their own investment advisor and review all of the profiled issuer's filings made with the Securities and Exchange Commission before making any investment decisions and should understand the risks associated with an investment in the profiled issuer's securities, including, but not limited to, the complete loss of your investment. FNM was not compensated by any public company mentioned herein to disseminate this press release but was compensated twenty five hundred dollars by MSC, a non-affiliated third party to distribute this release on behalf of Namaste Technologies Inc.

 FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

 This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and MSC and FNM undertake no obligation to update such statements.

Media Contact:

FN Media Group, LLC 
[email protected]
+1(561)325-8757

SOURCE Microsmallcap.com

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