NMBR1
5 years ago
Sent: Thu Apr 11 2019 8:56:11 AM EDT
BusinessWire, GlobeNewswire and PR Newswire News
One Bio Corp ONBI:OTC Pink - No Information
Multi-state Cannabis Potential Increases Through Brand Acquisitions and Bank Opportunities
PR Newswire
8:55 AM ET
Shifting public opinion on cannabis may have incentivized the House Financial Services Committee to pass the US Secure and Fair Enforcement (SAFE) Banking Act. Now with two-thirds of Americans supporting federal marijuana legalization, prominent Multi-State Operators (MSOs) stand to gain from a freer banking system such as Cannabis One Holdings Inc. (CSE:CBIS) (OTC:CAAOF), 1933 Industries Inc. (OTC:TGIFF) (CSE:TGIF), Curaleaf Holdings, Inc. (OTC:CURLF) (CSE:CURA), Green Thumb Industries Inc. (OTC:GTBIF) (CSE:GTII) and Trulieve Cannabis Corp. (CSE:TRUL) (OTC:TCNNF).
The SAFE Act's progress points to a shift that shows the US creeping closer to full legalization, much like its neighbors to the north. For an MSO like Cannabis One Holdings Inc. (CSE:CBIS) (OTC:CAAOF), which curr ently has a presence across 5 states (soon to be 10), any movement towards a single federal regulatory standard could be quite beneficial.
Presently, Cannabis One Holdings Inc. (CBIS) (CAAOF) manufactures cannabis-infused products in two facilities: Evergreen Organix (Nevada), and the newly acquired Honu (Washington).
Taking the company as an example, having the ability to manufacture goods in one state, and to ship them to and sell them in another state significantly opens up their market size. Being able to sell any of their products in all of Cannabis One's dispensary chain The Joint stores would be quite beneficial.
Though the SAFE Act has yet to be scheduled for consideration by the entire House, having 150 sponsors already thanks to the House Financial Committee is a great start. It is expected that the Act will come to a vote soon, after a review by the House Judiciary Committee.
Capitalizing on the Current Multi-State Landscape
By acquiring the Washington-based Honu, Cannabis One Holdings Inc. (CBIS) (CAAOF) added t o its growing portfolio of established and successful brands in multiple states.
How successful is Honu? Since its inception, the brand has accumulated a series of accolades, including Best Edible Company, Best Cannabis Brand Design, and Best Sweet Edible in Washington. Cannabis One Holdings Inc. projects Honu's 2019 system-wide brand revenue to reach US$20.3 million.
"Following on our recent announcement to acquire the 'Fat Face Farms' brand, CBIS believes the addition of the 'Honu' brand family to our growing catalogue of IP further validates Cannabis One's stated strategy of securing 'Best-of-Breed' brand s." Mr. Mascio continued, "We anticipate that the market popularity and positive reception of the Honu brand will provide yet another catalyst for Cannabis One, opening the door for us to explore new manufacturing partnerships - with opportunities for the expansion of our own manufacturing infrastructure - into new, state-legal markets."
Under the terms of the Definitive Agreement, the Company's wholly-owned subsidiary shall acquire certain assets of Honu, inclusive of all intellectual property and equipment. In accordance with Washington State regulations and legislation, neither the Company, nor its subsidiary, shall acquire any interest in regulated inventory or licenses related to the cultivation, manufacture, distribution, or sale of cannabis or cannabis-related products in connection with the transaction.
Now with Honu in the fold, Cannabis One Holdings Inc. (CSE:CBIS) (OTC:CAAOF) has amassed nearly 100,000 sq ft of manufacturing facility space across Honu, and Evergreen Organix. Once manufacturing at full capacity, the company's manufacturing potential would be worth just under $1 billion, at today's prices.
Also very notable is the latest acquisition of the Colorado concentrate brand, called West Edison, which was acquired for its technology that specializes in deconstructing the cannabis plant, separating out all the cannabinoids and terpenes, only to restructure them back into products in a clean and effective manner.
West Edison has already been quite successful, despite virtually no branding or marketing gaining hype for their products. Companies like this are what groups like Cannabis One Holdings Inc. seek out as arbitrage investments--Undervalued only because of their current market value versus what they could be under a much larger family of brands.
Already West Edison has accumulated industry accolades of its own, ranking 1st for All Concentrates Categories, and Best THCa in 2018. The company has been projected to reach system-wide brand revenue of US$8.1 million in 2019.
With an impressive brand portfolio that includes popular dispensary chain The Joint, innovative vape pen line INDVR, as well as celebrity endorsed Cheech's Private Stash line, Cannabis One Holdings Inc. is primed to roll out several premium products nationwide. In the meantime, the company will remain in compliance in its current 5 states of operation, as it builds out its capabilities and footprint to an eventual 10 states: Colorado, Nevada, California, Oregon, Washington, Alaska, Vermont, Michigan, Massachusetts, and Maine.
Based on established revenue streams and trajectories, Cannabis One Holdings Inc. is set to ac cumulate US$116 million in 2019. By 2020, that projection more than doubles to US$289 million, and more than quadruples to US$561 million.
Much of this growth comes from a strategy that relies on new dispensaries. Instead of starting from scratch, Cannabis One Holdings Inc. (CBIS) (CAAOF) acquires successful dispensaries, and then retrofits them with The Joint branding. In 2019, The Joint's footprint will finish with 25 stores across 5 states. By 2021, the expectation is to have 100 stores across ten states.
By this point, there's a good possibility that the SAFE Act will already have passed. Perhaps even fe deral prohibition of cannabis will be lifted. But for now, the optimism for the legal potential of the cannabis sector is on the rise.
Further Multi-State Branding
Through a recently signed licensing agreement with American skateboarder Tony Hawk's Birdhouse Skateboards, 1933 Industries Inc. (OTC:TGIFF) (CSE:TGIF) will collaboratively launch hemp and CBD recovery creams and lotions. The two-year deal will entail the launch of several co-branded CBD wellness products in North America. The products will be sold under the Canna Hemp, Canna Hemp X and Birdhouse Skateboards names.
Products from Curaleaf Holdings, Inc. (OTC:CURLF) (CSE:CURA) just began selling their CBD-infused products in more than 800 CVS Health stores. The distribution deal for the products infused with the trendy, non-intoxicating hemp component caused Curaleaf's shares to jump upon the announcement. CVS has started selling CBD creams, sprays and lotions in either states, that include Alabama, California, Colorado, and Illinois.
Green Thumb Industries Inc. (OTC:GTBIF) (CSE:GTII) recently closed the acquisition of For Success Holding Company, which is the lifestyle suite of Beboe branded cannabis products. Beboe is currently available in more than 125 retail locations in California and Colorado, and was also announced to be on the shelves of the newly launched The High-End luxury cannabis stores, from Barneys New York. Green Thumb is also in the process of acquiring Essence, which has a strong presence in Nevada and in California, for a mainly stock amount worth $290 million.
With a footprint that spans three states, Florida-based Trulieve Cannabis Corp. (CSE:TRUL) (OTC:TCNNF), recently announced an agreement with California-based Blue River Extracts & Terpenes to bring their award-winning terpene extracts and other branded products to Trulieve's main market of Florida. Blue River is an industry leader, focused on developing full spectrum, solvent-less cannabis-derived terpenes. The company uses advanced mechanical extraction techniq ues to create an array of award-winning branded products including Rosin, Dry Sift Sap, Vape Cartridges and much, much more.
For a FREE research report on Cannabis One Holdings Inc. (CSE:CBIS) (OTC:CAAOF), visit www.potstocknews.com
Disclaimer: Potstocknews.com (PSN) is the source of the Article and content set forth above. 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 disseminati on service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated with PSN or any company mentioned herein. The commentary, views and opinions expressed in this release by PSN are solely those of PSN 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 PSN and FNM for any investment decisions by their readers or subscribers. PSN 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 (PSN), 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 (PSN) has not independently verified or otherwise investigated all such information. None of the Author, PSN, 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, includ ing, 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 PSN, a non-affiliated third party to distribute this release on behalf of Cannabis One Holdings Inc.
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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 und ue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and PSN and FNM undertake no obligation to update such statements.
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HDOGTX
14 years ago
ONBI 8k 1-5 rs
ITEM 8.01: OTHER ITEMS
On September 14, 2010, FINRA advised the Company that FINRA would process the Company's 1 for 5 reverse stock split previously disclosed in the Company's July 27, 2010, Definitive Information Statement on Schedule 14(c), relating to an amendment to the Company's articles of incorporation to: (i) reduce the number of authorized shares of common stock from 150,000,000 shares to 30,000,000 shares; and (ii) effecting a 1 for 5 reverse split of the Company's common stock. Said amendment to the Company's articles of incorporation was filed on August 30, 2010. FINRA also advised the Company that the corporate action will take effect at the open of business on September, 15, 2010, that the new symbol for the Company’s shares on that date will be ONBID, and that after 20 business days the “D” would be removed from the symbol, which will then be ONBI.
Subsequent to the filing and effectiveness of above referenced amendment to the Company’s articles of incorporation, the Company then filed on August 30, 2010, another amendment to its Articles of Incorporation also previously disclosed in the Company's July 27, 2010, Definitive Information Statement on Schedule 14(c) pursuant to which the number of authorized shares of common stock was increased from 30,000,000 shares to 100,000,000 shares.
flaflyersfan
14 years ago
xbigshot1, read the news; ONE Holdings Announces Filing for NASDAQ Listing and Name Change
MIAMI, FL -- (Marketwire) -- 11/17/09 -- ONE Bio Corp. (formerly ONE Holdings, Corp.) ("ONE" or the "Company") (OTCBB: ONBI), an innovative company utilizing green process manufacturing to produce raw chemicals and herbal extracts, natural and health supplements and organic products, announced it has filed an application to list its common stock on the NASDAQ Capital Market and that effective immediately it has changed its name to ONE Bio Corp. and will begin trading immediately under the new symbol ONBI.
The Company believes it currently fulfills or will shortly meet all applicable NASDAQ listing requirements. The Company's shareholders recently approved a 5 to 1 reverse stock split of the Company's common stock, which will assist ONE in meeting the minimum stock price requirement required by NASDAQ for listing. The Company's listing application is subject to review and approval by NASDAQ's Listing Qualifications Department for compliance with all NASDAQ Capital Market standards.
The Company also announced it has changed its name from ONE Holdings, Corp.
to ONE Bio Corp. Simultaneously with the name change, the Company also launched its newly redesigned website. Investors may visit the Company's website at www.onehcorp.com.
"The proposed move to the NASDAQ Capital Market, subject to approval by NASDAQ, is an important step in establishing ONE Bio as an internationally recognized green process manufacturer. A NASDAQ listing should allow our Company to gain exposure and be recognized by a broader segment of the investment community," stated the company's CEO Marius Silvasan. "Our corporate name change reinforces our commitment to develop the ONE Bio brand as an innovative leader in bioengineering."
ONE Bio's common stock will continue to trade on the OTCBB under the new symbol, ONBI.
About ONE Bio Corp.
ONE Bio Corp. ("ONE") (OTCBB: ONBI) (www.onehcorp.com), headquartered in Miami, FL, is an innovative company utilizing green process manufacturing to produce raw chemicals and herbal extracts, natural supplements and organic products. ONE is focused on the Asia Pacific region. Key products include widely recognized Solanesol, CoQ10, Resveratrol and 5-HTP, organic fertilizers, and organic bamboo health food and beverages. ONE's growth plan targets an aggressive acquisition driven strategy supported by strong organic growth. Through ONE, small private companies gain access to capital, experienced management and strategic insight. ONE builds strong synergies amongst all subsidiaries to enhance shareholder value. ONE is working with each subsidiary to promote organic and acquisition driven growth.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of any securities in any state in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
This press release includes statements that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Reform Act"). ONE Bio Corp. claims the protection of the safe-harbor for forward-looking statements contained in the Reform Act.
These forward-looking statements are often characterized by the terms "may," "believes," "projects," "expects," or "anticipates," and do not reflect historical facts. Specific forward-looking statements contained in this press release include, but are not limited to: our successful integration of diversified growth companies, impact of the company's expansion plan, and new business development success, future financial results, development and acquisition of new product lines and services, the impact of competitive products or pricing from technological changes, the effect of economic conditions and other uncertainties. The forward-looking statements contained herein involve risks and uncertainties that could cause actual results to differ materially from the expectations contained in any such forward-looking statements. These risks include, but are not limited to: failure to manage operating expenses or integrate new companies and/or technologies, each of which could have a material impact on our business, our financial results, and the company's stock price. These risks and other factors are detailed in the Company's regular filings with the U.S. Securities and Exchange Commission. Most of these factors are difficult to predict accurately and are generally beyond the Company's control. Forward-looking statements speak only as to the date they are made and ONE Bio Corp. does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.
Contact:
Jeanne Chan
Senior VP
Tel. +877.544.2288
jchan@onehcorp.com
Investor Relations & Corporate Communications
877-544-2288
ir@onehcorp.com
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