MMJPhytotech
Harvest One Newsletter September 2019 Recap
Hello Harvest One Investors,
As Cannabis 2.0 draws near, Harvest One continues on its path as a cannabis company focused on the health, wellness, and self-care space. We’ve had several announcements over the last month that reinforce our focus and position the company for future success, both in the short and long term.
As announced in our previous newsletter, Andy Bayfield was hired as our Chief Commercial Officer and will be managing our sales, marketing, and distribution channels globally. His extensive background with international CPG companies, such as Cadbury, Coca-Cola, and Canada Dry Mott’s, enhances Harvest One’s evolution as we believe the cannabis industry is moving towards a more traditional CPG focused sector. His hire is the latest example of our dedication to building the best-in-class, strategic leadership team.
United Greeneries, Dream Water, and Burb had exciting developments over the past month. Last Friday, United Greeneries received their cultivation licence for Phase 1 of the Mission Road expansion in Duncan, BC. This was an important step in an expansion that will triple the capacity of the Duncan operations. In early October, United Greeneries obtained an amendment to its licence from Health Canada, which allows for the sale of cannabis oil products. This represents a timely and important announcement just before the launch of Cannabis 2.0 in Canada, on October 17th. Dream Water strengthened its brand when it signed NHL superstar and long-time consumer Auston Matthews to a global partnership. Lastly, our Burb team realized their latest milestone when they received two retail cannabis licences for their stores located in Port Coquitlam, BC. On September 28th, Burb celebrated its cannabis grand opening at their flagship store location at 1502 Broadway Street, and this past Saturday, October 12th, they celebrated another grand opening for their second location at 2755 Lougheed Hwy. Congratulations to all three of these teams for their hard work and dedication. We are excited to see what’s next for all divisions in the Harvest One family.
In late September, there was positive news from the United States when the US House of Representatives passed the SAFE Banking Act. This act will validate and protect the industry by allowing financial institutions to work with cannabis companies. The act still needs to pass the Senate, but it may be an indication that the US is inching closer to federal legalization. On the home front in Canada, we are rapidly approaching the October 17th launch of Cannabis 2.0. Although this is an important milestone for the industry, we don’t expect derivative products on shelves until mid-December at the earliest as there is a 60-day application process with Health Canada for all new products. The aforementioned milestones are integral to the maturation of our industry. Additionally, investors in Harvest One can expect the release of our end of the fiscal year financials this month.
With key catalysts on the immediate horizon, we are excited about this new era of cannabis in Canada and globally. Thank you for your continued support on our journey.
Grant Froese
CEO
SEPTEMBER & EARLY OCTOBER 2019 PRESS RELEASES
September 5, 2019 – Harvest One Announces Appointment of a CCO
Harvest One announced the appointment of a leading CPG executive in Andy Bayfield as CCO.
Click here to read the release in full.
September 10, 2019 – Harvest One Obtains Canadian Cannabis Oil Licence
United Greeneries obtained an amendment to its licence from Health Canada, which allows for the sale of cannabis oil products.
Click here to read the release in full.
September 19, 2019 – Harvest One Congratulates Burb on Obtaining Two Retail Cannabis Licences
Burb received their first two retail cannabis licences in Port Coquitlam, British Columbia.
Click here to read the release in full.
October 4, 2019 – Harvest One Congratulates Deb Milimaka Miles for Winning a Woman of Inspiration Award
Harvest One CPO and CAO, Deb Milimaka Miles was recognized as a Woman of Inspiration in the SupportHER category for her active mentorship that paves the road to empower women in leadership roles.
Click here to read the release in full.
October 7, 2019 – Harvest One Announces Receipt of New Cultivation Licence
Harvest One, through its wholly-owned subsidiary and licensed producer United Greeneries, has received a cultivation licence from Health Canada for Phase I of its new Mission Road facility.
Click here to read the release in full.
MEDIA
Our SVP of Corporate and Public Affairs, Will Stewart, and our VP of Investor Relations, Colin Clancy, were interviewed individually by Stockhouse for their podcast “Stock Talk”. Will discussed the politics of the cannabis industry and how it relates to Harvest One and Colin provided an overview of Harvest One from an investor perspective.
To listen to each interview please click here.
On September 12, 2019, Harvest One VP of Investor Relations, Colin Clancy, presented on the Virtual Investor Conference. If you missed it or want to listen again would login/register here.
Our SVP and in house influencer, Will Stewart was selected to the judging panel for the 2019 Canadian Cannabis Awards by Lift and Co. We are proud to have a trailblazer like Will as part of our leadership team. The awards are handed out at a gala on November 8th in Toronto.
Will Stewart was recently interviewed by Capital 10x at the Harvest One offices in Vancouver. To listen and view, click the video below or click here.
Harvest One was recently mentioned in an Equity Guru article that took a critical look at the recent capital markets conditions around the cannabis sector. If you are interested in reading the article, please click here.
BRAND AND PARTNER NEWS
Our Dream Water team made headlines when they announced a multi-year partnership with NHL superstar Auston Matthews of the Toronto Maple Leafs. The first overall pick in the 2016 NHL Entry Draft, Matthews has already been a consumer of our natural sleep-aid for well over a year.
Click here to read Dream Water’s press release on the global partnership.
Satipharm’s clinical trial and new product launch were recently featured in the October issue of IPU (Irish Pharmacy Union) magazine. Having a neutral national pharmacy member association magazine feature Satipharm is an exciting development.
Did you know that our Satipharm branded cannabis is available exclusively through the Shoppers Drug Mart portal? Our SatiGreen product is a balanced hybrid with equal parts CBD & THC that exhibits both sativa & indica properties. To learn more, click here.
On September 28, 2019, our retail partner Burb hosted their “Cannabis Grand Opening” at 1502 Broadway Street in Port Coquitlam, BC, and two weeks later on October 12th, they held their second grand opening at 2755 Lougheed Hwy. Burb received two retail cannabis licences the week of September 19, 2019. Prior to receiving their licences, their flagship location was open and operated as a premium apparel and cannabis culture store since April 20th of this year. We expect that these two licences are the first of many, as Burb intends to expand throughout BC, Canada, and into the United States.
For more Burb content click the links below to read recent articles and interviews about the brand.
Surface Magazine Article
LA Weekly Article
The Emerald Magazine Interview with John Kaye
UPCOMING EVENTS
October 17, 2019, is the one year anniversary of legalization. On that date, Will Stewart will be featured on a panel about infused cannabis products called “Not Your Grandmother’s Cookies” at the Ontario Cannabis Store Trade Day.
Will Stewart and Colin Clancy will be in attendance at the 3rd annual IC3 conference in New York on October 21st. They will both have one on one meetings and Will Stewart will speak on a panel called “Crystal Balling the Future of Cannabis”.
A day after the IC3 event, Will and Colin will be in attendance at the Benzinga Cannabis Capital Conference in Chicago on October 22nd and 23rd. Will is once again speaking on a panel and the topic is “Brands and Distribution”.
A Transatlantic Partnerships panel will round out Will Stewart’s speaking engagements over the next month. This discussion will be hosted at the Cannabis Europa Transatlantic Forum in Toronto on Tuesday, November 5th.
PAST EVENTS
Will Stewart and the Harvest One IR team, including VP of IR, Colin Clancy, attended the Cambridge House International event, Extraordinary Future. During the two day event, Will and Colin were kept busy with one on one meetings, a presentation, a panel discussion, and several media interviews. Additionally, over 100 samples of Dream Water and LivRelief™ were handed out to retail and institutional investors, brokers, fund managers, media, and industry peers. Thanks to everyone who came out to meet us!
HVT Monthly Stock Performance
The following graphs illustrate the performance of Harvest One on the TSXV Exchange (HVT) and the OTCQX Exchange (HRVOF) between September and October.
HVT graph between September 16, 2019, and October 11, 2019
HRVOF graph between September 16, 2019, and October 14, 2019
