The new brand King Cannabis currently offers Royal Oil distillate packaged in top of the line CCELL cartridges for use in CCELL Vape hardware. The cartridges are offered in flavours comprising of Gelato, Do-Si-Do, Blackberry, Watermelon and Cantaloupe. Royal Oil cartridges are offered in half gram and one gram sizes and are being supported through pop-up promotions at Nevada dispensaries.
BaM received $8 million last week from Aurora’s (ACB.T) investment arm, we wrote a more in depth piece about this last week.
The King Cannabis brand is currently being offered in Nevada with expected expansion to Ohio when the Body and Mind affiliated production facility is complete.
Body & Mind (BAMM.C)
Market Cap: $24.8M
Shares Outstanding: 47.7 million
With a low market cap, not many shares out and a very low price/book, Body & Mind (BAMM.C) is still very undervalued, even with the recent jump . The company did $1,618,967 in revenue in the US last year, netting $948,087. With so many gains happening in Canada, it’s only logical than if and when the hype dies down, the US is the next frontier for those profits to be put into. The US has 10x the population of Canada, and US cannabis stocks have less than 10% of the overall market cap of Canadian cannabis companies.
Well established distribution system with long-term relationships with dispensaries throughout Nevada.
Significant growth opportunity with 7 licenses either under application, appeal or to be submitted shortly. 5 licenses relate to dispensary applications. One under-served Las Vegas dispensary location
has been secured and a second location in process.
Ohio, America’s 7th most populated state was moving towards legalization of recreational cannabis. Since 2016 the state has implemented a medical marijuana program, issued dispensary, processing and production licenses and is set to vote in Q4 of 2019 for full the legalization of cannabis.
Ohio is still in its early stages. California, Colorado, Nevada, Oregon and Washington have been hugely successful with regards to revenue. The Denver Post reported $1.5 billion USD in revenue for the state of Colorado in 2017, to put that into context, Ohio has more than twice the population of Colorado. More so, with 11.6 million people, Ohio has just over half the population of Colorado, Nevada, Oregon and Washington State combined.
2 dispensary applications have been submitted and are in progress. One cultivation license initially denied, however the Arkansas Supreme Court is reviewing the process of licenses awarded. In the event the application is successful, BAM will manage the Arkansas operations with terms to be determined. Both parties have agreed to finance the construction and start- up costs on a 75% BAM and 25% Investor Group basis, with BAM’s contribution convertible up to a 40% equity interest in the Investor Group.
While the cannabis market has been trending downward as of late, BaM has been doing the exact opposite. The company has had a wave of exciting news since September and the market has been loving it.
If we compare BaM’s chart since June, 2018 with some of the bigger players in the space it becomes clear that this company is making the right moves.
To find out more about BaM:
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