Toilet Paper Sales Unravel as Households are Flush with Paper Goods

Posted on April 15, 2021 by Admin

Toilet Paper Sales Unravel as Households are Flush with Paper Goods

2020 blurred people’s focus as fight-or-flight instincts sometimes overruled common sense; this caused many to react by… you were there… making runs on toilet paper.

The tear on products from Kimberly Clark (KMB), Proctor and Gamble (PG), and Georgia Pacific (GP) was far from a short squeeze on Charmin; people went very long the paper in 2020, anything left on shelves was spotty.

One year later, households are bumping up against expiration dates and storage limits as they work off their load of inventory.

The numbers are staggering; Americans spent $2 billion more on toilet paper in 2020 ($11 billion) than in a typical year, according to NielsinIQ. This hoarding of an extra 22% has been cutting into sales in 2021. The current pace is below $9 billion.

According to reelpaper.com, the expiration date on the package of your favorite toilet paper can be passed as long as you don’t get the product wet or allow dust and dirt to get into the packaging. According to Reel Paper, “the product can last years or even decades.”

Sales Circling the Drain

Sales of toilet paper are down 0.2% for the 52-week period ended April 3. In January, according to NielsenIQ, toilet paper sales were down 4.3% from January 2020.

The declines have accelerated since then, with toilet-paper sales down about 14% in February and 33% in March, according to NielsenIQ. The drops, however, reflect comparisons to periods in which demand was soaring.

The Under/Over on TP Sales in 2021

As economist Milton Friedman often repeated, “There ain’t no such thing as a free lunch” this is true of companies that benefitted from last year’s frenzy. They aren’t getting off scott free as they find the current period sales have been perforated. Fortunately, the pile of profits from last year should average out with current lower sales as the year rolls on and consumers eventually work off their last sheet.

Paul Hoffman

Channelchek.com

(Readers are welcome to share this as a post on social media, or
in their own blog or publication, provided it includes a link to the original)

Sources:

https://www.telegram.com/news/20200331/fight-or-flight-response-explains-toilet-paper-hoarding-neuroscientist-says

https://www.wsj.com/articles/americans-have-too-much-toilet-paper-it-is-catching-up-to-companies-11618306200

https://nielseniq.com/?s=toilet+paper&market=global&language=en&orderby=&order=&post_type=

https://reelpaper.com/blogs/reel-talk

FAT Brands Inc. (FAT) – Raising Price Target

Posted on April 13, 2021 by Admin

Tuesday, April 13, 2021

FAT Brands Inc. (FAT)
Raising Price Target

FAT Brands Inc is a multi-brand restaurant franchising company. It develops, markets, and acquires predominantly fast casual restaurant concepts. The company provides turkey burgers, chicken Sandwiches, chicken tenders, burgers, ribs, wrap sandwiches, and others. Its brand portfolio comprises Fatburger, Buffalo’s Cafe and Express, and Ponderosa and Bonanza. The company’s overall footprint covers nearly 32 countries. Fatburger generates maximum revenue for the company.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Ongoing Organic Improvement. FAT Brands continues to see a rebounding organic environment. Not only are COVID restrictions loosening but people seem to be energized to eat out. In addition, more existing locations are coming back on-line, with the majority of the remaining temporarily closed locations in unique (i.e. cruise ships/theme parks) locations. Unit expansion continues, with recent announcements on deals in France, Brazil, Chile, Italy, Peru, and Spain.

Strong M&A Pipeline. FAT Brands’ M&A pipeline remains robust. We would anticipate at least one announcement in 1H21 and additional announcements during the second half of the year, with at least one Johnny Rockets sized acquisition. While adding another burger concept may be a stretch, the addition of a wing concept, sandwich, etc could be on the table in our view …

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.

Travelzoo (TZOO) – Expecting A Slow Start Toward Recovery

Posted on April 13, 2021 by Admin

Tuesday, April 13, 2021

Travelzoo (TZOO)
Expecting A Slow Start Toward Recovery

Travelzoo is a US-based company which acts as a publisher of travel and entertainment offers. The company informs a varied number of members in Asia Pacific, Europe, and North America, as well as millions of website users, about the best travel, entertainment and local deals available from various companies. It provides travel, entertainment, and local businesses in a flexible manner to the various customer. The company operates in three geographic segments namely Asia Pacific, Europe, and North America. Travelzoo derives its revenue through advertising fees including listing fees paid by travel, entertainment, and local businesses to advertise their offers on company’s media properties. Most of the company’s revenue is derived from the North America.

Michael Kupinski, Director of Research, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Refining estimates. The company recently released its annual 10K and this report refines our estimates for 2021 and 2022 and posts our look into 2023. While the Covid vaccines provide promise of a return toward “normalcy”, we believe that the travel recovery is off to a sluggish start. We are lowering our full year 2021 and 2022 revenue and adj. EBITDA estimates.

Where should gross margins go? Gross margins in Q4 decreased from 78.8% in Q3 to 77.6% in Q4. The gross margins were significantly down from 88.1% in Q4 2019. Our model assumes a gradual improvement in gross margins to 79.2% in 2021 to 81.0% in 2022 to 81.5% in 2023 …

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

Release – Driven By Stem (STMH) – Stem Provides Shareholder Update and Announces Preliminary Gross Revenue

Posted on April 9, 2021 by Admin

Stem Provides Shareholder Update and Announces Preliminary Gross Revenue of US$12.88 Million for the Second Quarter of 2021, an Increase of 456% Year-Over-Year and Quarterly Gross Margin of Approximately US$5.23 Million

BOCA RATON, Fla., April 8, 2021 /PRNewswire/ — Stem Holdings, Inc. (OTCQX: STMH CSE:STEM) (the “Company” or “Stem“), the first multi-state, integrated cultivation and omnichannel technology cannabis company, is providing a business update including select preliminary financial results for the quarter ending March 31, 2021, the first full quarter of combined operations since the acquisition of Driven Deliveries, Inc. (“Driven Deliveries“) in December 2020, as disclosed in the Company’s press release dated December 30, 2020.

Adam Berk, Chief Executive Officer of Stem, commented, “Stem is driving synergistic results as the Company successfully integrated its most recent acquisitions of Driven Deliveries and the Foothill Health and Wellness dispensary in Sacramento, with record sales, accretive margins, and reduced SG&A. Driven Deliveries services 92% of California’s population – the largest cannabis market in the world¹ – and is expected to drive expansion of Stem’s brands and products in California as well as in targeted expansion markets, including Oregon. Our plan for expansion into new markets is supported by our strong, lean infrastructure and execution capability. Following the acquisition of Driven Deliveries, we have integrated our accounting and finance and legal teams, and engaged Fyllo™ Compliance Cloud technology enterprise-wide to support swift expansion.”

The Company plans to report its financial results for the quarter ended March 31, 2021 on or about May 15, 2021. The Company is projecting quarterly gross revenue of approximately US$12.88 million (an improvement of approximately 456% as compared to the quarter ending March 31, 2020) and quarterly gross margin of approximately US$5.23 million.²

For the quarter ended March 31, 2021, the Company realized an increase in total units sold, number of transactions, and average order size as compared to the quarter ended March 31, 2020:

Dispensaries	vs. 2020	E-Commerce (Budee™)	vs. 2020
Total Dispensaries – 185	+32.1%	Total Units Sold – 161,700	+81.5%
Total Units Sold – 257,100	+45.6%	Transactions – 75,700	+97.0%
Transactions – 59,500	+16.7%	Average Order Size – US$67.00	+17.5%
Average Order Size – US$58.28	+33.3%

The Company expects to increase its canopy in Oregon during April 2021 by 10,000 square feet and it anticipates incremental gross revenues of US$8.0 million and 50% gross margin over the next 12 months as a result of such expansion. The Company also expects to increase its productivity through greater automation and CAPEX investment for concentrates in the Company’s new butane hash oil laboratory, as well as through other margin-accretive measures.

Recent Highlights:

On December 15, 2020, the Company filed an amended and restated preliminary prospectus with the securities commissions in each of the provinces of Canada (the “Canadian Securities Commissions“), other than Quebec, and subsequently filed a corresponding registration statement on Form S-1 (the “Registration Statement“) with the U.S. Securities and Exchange Commission (the “SEC“) in connection with its previously announced marketed public offering of units of the Company (the “Offering“), as more fully described in the Company’s press release dated December 15, 2020. Upon SEC approval of the Registration Statement, the Company intends to file a final prospectus with the Canadian Securities Commissions and close the Offering as soon as practicable thereafter.
In 2021, Budee welcomed over a dozen best-in-class brands to its e-commerce platform providing services accessible to approximately 92% of California’s population including: Platinum Vape from Red, White and Bloom Brands; Caliva Flower, Deli Prerolls, Run Uncle Prerolls, Yummi Karma and Rehab by Yummi, and Chill Chocolates from The Parent Co.; Select Cartridges from Curaleaf; Tommy Chong’s Cannabis; Dosist Pens, Tablets and Edibles; Kushy Punch Gummies; Loudpack Farms; and new Yerba Buena™ Flower. The Company expects revenue from the launch of the new Yerba Buena™ Flower to be approximately US$2.5 million with US$1.4 million in gross margin over the next 12 months.
Budee™ DaaS is being introduced in Oregon this month through the Company’s core dispensaries and is expected to be accretive to gross revenues by US$4.4 million and to gross margin by US$1.76 million over the next twelve months with a dozen new delivery drivers being added for an optimal customer delivery experience. The Company has leveraged its technology, building a customized Application Programming Interface (API) to drive efficiency and performance.
Cannavore™ Crafted Confections brand expanded with three new THC-infused edibles including Irish Cream Caramels just in time for St. Patrick’s Day. This brand is now in two states and will expand to all of the markets where the Company operates. Cannavore features TJ’s Gardens’ on-trend, single-strain solventless extract now produced on-site in our new extraction laboratory in Eugene.
Cannavore™ is now launching its first no-calorie, keto-friendly, gluten-free and vegan THC-infused gummy edibles in three flavors, meeting demand for sugar-alternative infused candy throughout the market, and exclusively features Rx Sugar®, a new natural, zero-calorie, low-glycemic index sweetener.
TJ’s Gardens™ introduced its first co-branded product with Yerba Buena™ late last year and has expanded distribution throughout the state of Oregon including its unique RSO with the highest THC potency available in the Oregon market.
TJ’s Gardens™ is launching its first Dabbables – made with both on-trend single-strain solventless extract, as well as concentrates made from custom BHO-extraction equipment for the highest-quality crumble.
TJ’s Gardens’™ R&D team continues to develop exciting new cultivars, most recently Papaya Cake and Papaya Punch Kap, which continue to attract new consumers looking for exciting cannabis experiences.
As Stem prepares for the upcoming 420 industry celebration, the Company has an integrated media and event campaign across all markets and digital platforms as it strengthens its customer and partner relationships at every level, building loyalty with our portfolio of quality products, and service from Farm-to-Home™.

Stem’s Four Strategic Pillars

The four pillars of Company strategy are as follows: Financial Discipline, Productivity, Customer-Centricity, and Brand Innovation and Disruption.

Financial Discipline: The Company continues to focus on key performance indicators including its cash conversion cycle, and continued EBITDA growth from operations.
Productivity: The Company continues to reduce SG&A while strengthening its integrated operating team for efficiency, and yield improvement in its cultivation and processing activities. Stem’s value engineering continues to enable it to improve product quality and gross margin with higher service levels than previously achieved.
Customer Centricity: Stem’s new marketing campaigns are attracting new customers including social & digital media and its new SEO and loyalty programs are building purchase frequency with an improved customer experience, even as the Company continues to navigate COVID with the highest standards for safety.
Brand Innovation and Disruption: The Company continues to introduce disruptive, margin-accretive new products, leveraging its R&D capability with a strong distribution apparatus covering wholesale, retail and e-commerce.

About Stem Holdings, Inc.

Stem is a leading omnichannel, vertically-integrated cannabis branded products and technology company with state-of-the-art cultivation, processing, extraction, retail, distribution, and delivery-as-a-service (DaaS) operations throughout the United States. Stem’s family of award-winning brands includes TJ’s Gardens™, TravisxJames™, and Yerba Buena™ flower and extracts; Cannavore™ edible confections; Doseology™, a CBD mass-market brand launching in 2021; as well as DaaS brands Budee™ and Ganjarunner™ through the acquisition of Driven Deliveries. Budee™ and Ganjarunner™ e-commerce platforms provide direct-to consumer proprietary logistics and an omnichannel UX (user experience)/CX (customer experience).

For further information, please contact:

Media Contact:
Mauria Betts
STEM HOLDINGS, INC.
Mauria@drivenbystem.com
971.319.0303

Forward-Looking Statements

This press release contains forward-looking statements and information that are based on the beliefs of management and reflect the Company’s current expectations. When used in this press release, the words “estimate”, “project”, “belief”, “anticipate”, “intend”, “expect”, “plan”, “predict”, “may” or “should” and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. The forward-looking statements and information in this press release includes information relating to: (i) the implementation of the Company’s business plan; (ii) the Company’s expected performance in the second quarter of 2021, including gross revenue and gross margin; (iii) the expansion of Stem’s brands and products into other markets; (iv) the expansion of existing canopy in the State of Oregon and the revenue therefrom; (v) expected improvements to productivity; (vi) the expected launch of Budee™ DaaS in the State of Oregon and the revenue therefrom; (vii) the expected launch of new brands and products by Stem and the revenue therefrom.

By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: risks associated with the implementation of the Company’s business plan and matters relating thereto, risks associated with the cannabis industry, competition, regulatory change, the need for additional financing, reliance on key personnel, the potential for conflicts of interest among certain officers or directors, insurance, intellectual property and reliable supply chains; and risks related to the Company and its business generally. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date that statements are made, and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. Investors are cautioned against attributing undue certainty to forward-looking statements.

Financial Outlook

This news release contains a financial outlook within the meaning of applicable Canadian securities laws. The financial outlook has been prepared by management of the Company to provide an outlook for the three months ended March 31, 2021 and may not be appropriate for any other purpose. The financial outlook has been prepared based on a number of assumptions including the assumptions discussed under the heading “Forward Looking Statements” above and assumptions with respect to market conditions, pricing, and demand. The actual results of the Company’s operations for any period will likely vary from the amounts set forth in these projections and such variations may be material.The Company and its management believe that the financial outlook has been prepared on a reasonable basis. However, because this information is highly subjective and subject to numerous risks, including the risks discussed under the heading “Forward Looking Statements” above, it should not be relied on as necessarily indicative of future results.


¹ Source: https://www.forbes.com/sites/irisdorbian/2019/08/15/california-is-worlds-biggest-legal-pot-market-says-new-report/?sh=5d940d6b4cd7

² These preliminary and unaudited financial results are subject to customary financial statement procedures by the Company. Actual results could be affected by subsequent events or determinations. While the Company believes there is a reasonable basis for these preliminary financial results, the results involve known and unknown risks and uncertainties that may cause actual results to differ materially. These preliminary fiscal results represent forward-looking information. See “Forward-Looking Statements” and “Financial Outlook”.

SOURCE Stem Holdings, Inc.

Driven By Stem (STMH) – Stem Provides Shareholder Update and Announces Preliminary Gross Revenue

Posted on April 9, 2021 by Admin

Stem Provides Shareholder Update and Announces Preliminary Gross Revenue of US$12.88 Million for the Second Quarter of 2021, an Increase of 456% Year-Over-Year and Quarterly Gross Margin of Approximately US$5.23 Million

For the quarter ended March 31, 2021, the Company realized an increase in total units sold, number of transactions, and average order size as compared to the quarter ended March 31, 2020:

Dispensaries	vs. 2020	E-Commerce (Budee™)	vs. 2020
Total Dispensaries – 185	+32.1%	Total Units Sold – 161,700	+81.5%
Total Units Sold – 257,100	+45.6%	Transactions – 75,700	+97.0%
Transactions – 59,500	+16.7%	Average Order Size – US$67.00	+17.5%
Average Order Size – US$58.28	+33.3%

Recent Highlights:

On December 15, 2020, the Company filed an amended and restated preliminary prospectus with the securities commissions in each of the provinces of Canada (the “Canadian Securities Commissions“), other than Quebec, and subsequently filed a corresponding registration statement on Form S-1 (the “Registration Statement“) with the U.S. Securities and Exchange Commission (the “SEC“) in connection with its previously announced marketed public offering of units of the Company (the “Offering“), as more fully described in the Company’s press release dated December 15, 2020. Upon SEC approval of the Registration Statement, the Company intends to file a final prospectus with the Canadian Securities Commissions and close the Offering as soon as practicable thereafter.
In 2021, Budee welcomed over a dozen best-in-class brands to its e-commerce platform providing services accessible to approximately 92% of California’s population including: Platinum Vape from Red, White and Bloom Brands; Caliva Flower, Deli Prerolls, Run Uncle Prerolls, Yummi Karma and Rehab by Yummi, and Chill Chocolates from The Parent Co.; Select Cartridges from Curaleaf; Tommy Chong’s Cannabis; Dosist Pens, Tablets and Edibles; Kushy Punch Gummies; Loudpack Farms; and new Yerba Buena™ Flower. The Company expects revenue from the launch of the new Yerba Buena™ Flower to be approximately US$2.5 million with US$1.4 million in gross margin over the next 12 months.
Budee™ DaaS is being introduced in Oregon this month through the Company’s core dispensaries and is expected to be accretive to gross revenues by US$4.4 million and to gross margin by US$1.76 million over the next twelve months with a dozen new delivery drivers being added for an optimal customer delivery experience. The Company has leveraged its technology, building a customized Application Programming Interface (API) to drive efficiency and performance.
Cannavore™ Crafted Confections brand expanded with three new THC-infused edibles including Irish Cream Caramels just in time for St. Patrick’s Day. This brand is now in two states and will expand to all of the markets where the Company operates. Cannavore features TJ’s Gardens’ on-trend, single-strain solventless extract now produced on-site in our new extraction laboratory in Eugene.
Cannavore™ is now launching its first no-calorie, keto-friendly, gluten-free and vegan THC-infused gummy edibles in three flavors, meeting demand for sugar-alternative infused candy throughout the market, and exclusively features Rx Sugar®, a new natural, zero-calorie, low-glycemic index sweetener.
TJ’s Gardens™ introduced its first co-branded product with Yerba Buena™ late last year and has expanded distribution throughout the state of Oregon including its unique RSO with the highest THC potency available in the Oregon market.
TJ’s Gardens™ is launching its first Dabbables – made with both on-trend single-strain solventless extract, as well as concentrates made from custom BHO-extraction equipment for the highest-quality crumble.
TJ’s Gardens’™ R&D team continues to develop exciting new cultivars, most recently Papaya Cake and Papaya Punch Kap, which continue to attract new consumers looking for exciting cannabis experiences.
As Stem prepares for the upcoming 420 industry celebration, the Company has an integrated media and event campaign across all markets and digital platforms as it strengthens its customer and partner relationships at every level, building loyalty with our portfolio of quality products, and service from Farm-to-Home™.

Stem’s Four Strategic Pillars

The four pillars of Company strategy are as follows: Financial Discipline, Productivity, Customer-Centricity, and Brand Innovation and Disruption.

Financial Discipline: The Company continues to focus on key performance indicators including its cash conversion cycle, and continued EBITDA growth from operations.
Productivity: The Company continues to reduce SG&A while strengthening its integrated operating team for efficiency, and yield improvement in its cultivation and processing activities. Stem’s value engineering continues to enable it to improve product quality and gross margin with higher service levels than previously achieved.
Customer Centricity: Stem’s new marketing campaigns are attracting new customers including social & digital media and its new SEO and loyalty programs are building purchase frequency with an improved customer experience, even as the Company continues to navigate COVID with the highest standards for safety.
Brand Innovation and Disruption: The Company continues to introduce disruptive, margin-accretive new products, leveraging its R&D capability with a strong distribution apparatus covering wholesale, retail and e-commerce.

About Stem Holdings, Inc.

For further information, please contact:

Media Contact:
Mauria Betts
STEM HOLDINGS, INC.
Mauria@drivenbystem.com
971.319.0303

Forward-Looking Statements

Financial Outlook


¹ Source: https://www.forbes.com/sites/irisdorbian/2019/08/15/california-is-worlds-biggest-legal-pot-market-says-new-report/?sh=5d940d6b4cd7

² These preliminary and unaudited financial results are subject to customary financial statement procedures by the Company. Actual results could be affected by subsequent events or determinations. While the Company believes there is a reasonable basis for these preliminary financial results, the results involve known and unknown risks and uncertainties that may cause actual results to differ materially. These preliminary fiscal results represent forward-looking information. See “Forward-Looking Statements” and “Financial Outlook”.

SOURCE Stem Holdings, Inc.

Release – Boomer Holdings (BOMH) – Provides Shareholder Update and Q1 Guidance With New Revenue and Profit Forecasts

Posted on April 8, 2021 by Admin

Boomer Provides Shareholder Update and Q1 Guidance With New Revenue and Profit Forecasts

LAS VEGAS, April 8, 2021 /PRNewswire/ — Boomer Holdings, Inc. (“Boomer” or the “Company”) (OTCQB: BOMH), an innovative Consumer Products Company specializing in a large variety of premium quality wellness and everyday use products under the Boomer brand name. The Company provided a shareholder update on the Company’s operations in conjunction with its change of its fiscal year end to January 31.

The Company had a record quarter ending October 31, 2020 with revenue of $28.8 million and operating profits of $7.9 million. The Company plans to announce the audited year end January 31, 2021 financials by early May 2021.

Mike Quaid, CEO of Boomer Naturals said: “While we are extremely proud to report our results and the accomplishments of the Boomer Naturals team over the past year, we are more excited for the growth that we hope to come in 2021. Boomer Naturals has taken its meteoric success over the last year and reinvented itself. We are at the beginning of what I believe to be one of the great growth stories of 2021.”

Studies show that consumers are less willing to buy ‘Made in China’ items in the wake of the Coronavirus pandemic, which we believe will help fuel growth as all Boomer products are made in Vietnam or the USA. ¹

The Company is preparing the launch of its proprietary marketplace: boomerstore.com which will allow the Company to expand its offering to its loyal group of over 200,000 online customers while expanding its already significant retail sales footprint.

“The first quarter of 2021 for Boomer has been focused on preparation to service the expected demand Boomer has created for the rest of the year,” said Mr. Quaid. “We have deployed our capital in a strategic manner and stand ready to reap the benefits in Q2 and beyond.”

Boomerstore.com will provide new and already established consumers with direct access to Boomer Naturals three pillars of wellness and everyday use products: Protect, Defend and Enhance.

Protect

Boomer Naturals is already well known for the best-in-class facemasks and PPE offerings enhanced by their unique silver infused fibre technology. These masks have become a top seller at CVS stores and other retail locations. Boomer also offers face shields, coveralls and hand sanitizers.

Defend

The Company already vends a suite of immunity boosting botanical products and healthy living products and is excited to announce it is ready to launch a new suite of premium products enhanced with Boomer silver technology.

The Company plans to launch the following silver infused products and more to match existing consumer demand in the first six months of 2021:

Bedding
Socks
Yoga mats
Yoga clothing
T-shirts
Leggings
Underwear

Enhance

Through an exclusive partnership in Vietnam Boomer Holdings will launch Vietnamese instant coffee to the American Market.

Vietnamese coffee naturally has nearly twice the caffeine of popular instant coffees with a preferable flavour. Boomer believes it will open up an untapped market of consumer demand with its superior instant coffee stick packages.

“Vietnamese coffee is booming in Europe, Asia and across the globe however has yet to gain a significant foothold in America.” States CEO Mike Quaid. “It has typically been difficult for US based retailers to get a consistent, premium quality Vietnamese coffee supplier for the American Market. Boomer Holdings has partnered with just such a supplier. We are certain that once the American consumer tries this new and superior version of instant coffee, the stars will align and they will buck their current coffee and get on the Boomer Coffee train.”

The Company is also launching a full line of instant serve packs including vitamin, workout, libido, sleep, calm, and immune powder mixes. These products will be excellent for e-commerce due to their ease of shipping.

An Enhanced Focus on E-Commerce

Now that the Company has an established foothold in traditional brick and mortar retail operations, it will focus on aggressively expanding its ecommerce business.

The Company’s goal is to add over 100 new products in 2021 and to expand our DTC database from over 200,000 to millions.

Many of the Boomer products are designed to create recurring residual revenue.

Boomer Holding’s E-Commerce division has the highest margin in the Company, with many products averaging 80% or above.

The lifetime value of a Boomer customer can often be in the thousands of dollars. The Company currently has online customers that have reordered over twenty times in the last year.

Boomer Holdings is forecasting E-Commerce revenue to grow to $66.4 million for the year ending January 2022.

Updated Fiscal Year Forecast

The Company expects sales to range from $90.50 to $115.5 million dollars in the current fiscal year, with operating profits ranging from $20.3 to $26.6 million dollars with e-commerce being the driving force for this year and the future.

“Boomer Holdings is already growing at a rate that would make many existing companies envious.” Said Mike Quaid. “We look forward to providing our shareholders with tremendous value in 2021 and years into the future”.

About Boomer Naturals

Boomer Naturals is a wholly-owned subsidiary of Boomer Holdings Inc., a publicly traded company (OTCQB: BOMH). Boomer Naturals is a full-service wellness company that provides products and services that enhance your well-being and increase your quality of life. Boomer Naturals’ products are available online at Boomerstore.com, BoomerNaturals.com, BoomerNaturalsWholesale.com, CVS.com. Boomer Naturals’ products are also available at the Boomer Naturals retail store, CVS retail locations, and resorts and golf shops across the country. For more information, please visit www.boomernaturals.com.

Forward Looking Statements

Statements in this document contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are based on many assumptions and estimates and are not guarantees of future performance. These statements may involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future, except as required by securities laws. Our actual results may differ materially from the results anticipated in these forward-looking statements due to a variety of factors, including, without limitation, economic, political, regulatory, capital markets and other external conditions and other factors beyond the Company’s control, risks related to public health crises such as the global pandemic associated with the coronavirus (COVID-19), and those set forth as “Risk Factors” in our filings with the Securities and Exchange Commission (“SEC”). There may be other factors not mentioned above or included in the Company’s SEC filings that may cause actual results to differ materially from those projected in any forward-looking statement.

¹ https://www.forbes.com/sites/andriacheng/2020/06/11/us-consumers-are-less-willing-to-buy-made-in-china-items-in-wake-of-coronavirus-pandemic-study/?sh=6e9f53116a75

Contact: Mike Quaid: mike@boomernaturals.com

SOURCE Boomer Naturals, Inc

Boomer Holdings (BOMH) – Provides Shareholder Update and Q1 Guidance With New Revenue and Profit Forecasts

Posted on April 8, 2021 by Admin

Boomer Provides Shareholder Update and Q1 Guidance With New Revenue and Profit Forecasts

Boomerstore.com will provide new and already established consumers with direct access to Boomer Naturals three pillars of wellness and everyday use products: Protect, Defend and Enhance.

Protect

Defend

The Company plans to launch the following silver infused products and more to match existing consumer demand in the first six months of 2021:

Bedding
Socks
Yoga mats
Yoga clothing
T-shirts
Leggings
Underwear

Enhance

Through an exclusive partnership in Vietnam Boomer Holdings will launch Vietnamese instant coffee to the American Market.

An Enhanced Focus on E-Commerce

Now that the Company has an established foothold in traditional brick and mortar retail operations, it will focus on aggressively expanding its ecommerce business.

The Company’s goal is to add over 100 new products in 2021 and to expand our DTC database from over 200,000 to millions.

Many of the Boomer products are designed to create recurring residual revenue.

Boomer Holding’s E-Commerce division has the highest margin in the Company, with many products averaging 80% or above.

The lifetime value of a Boomer customer can often be in the thousands of dollars. The Company currently has online customers that have reordered over twenty times in the last year.

Boomer Holdings is forecasting E-Commerce revenue to grow to $66.4 million for the year ending January 2022.

Updated Fiscal Year Forecast

About Boomer Naturals

Forward Looking Statements

¹ https://www.forbes.com/sites/andriacheng/2020/06/11/us-consumers-are-less-willing-to-buy-made-in-china-items-in-wake-of-coronavirus-pandemic-study/?sh=6e9f53116a75

Contact: Mike Quaid: mike@boomernaturals.com

SOURCE Boomer Naturals, Inc

Bassett Furniture (BSET) – Strong 1Q21 Results

Posted on April 6, 2021 by Admin

Tuesday, April 06, 2021

Bassett Furniture (BSET)
Strong 1Q21 Results

Bassett Furniture Industries Inc is a manufacturer, importer, and retailer of home furnishings products in the United States. It operates through the following segments: The Wholesale segment focuses on the design, manufacture, sourcing, sale, and distribution of furniture products. The Retail segment consists of company-owned stores. The Logistical Services segment offers shipping, delivery, and warehousing services.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

1Q21 Results. Bassett reported strong 1Q21 results with revenue of $113.7 million and EPS of $0.40. This compares to $112.1 million and $0.12, respectively, in 1Q20, which was unaffected by COVID issues. We had projected revenue of $113.5 million and EPS of $0.24 while consensus was at $114 million and $0.23, respectively.

Environment Remains Positive. All sales channel recoded written business increases, which resulted in a 44% y-o-y increase in net orders. Wholesale backlog at the end of 1Q21 was $67.5 million, up from $54.9 million at November 28, 2020. Orders from independent dealers jumped 98%, BHF network orders rose 14%, while Lane Venture orders increased 75%. Retail written sales rose 4.1% in the quarter …

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

Schwazze (SHWZ) – Reports 4Q20 and Full Year Results

Posted on March 31, 2021 by Admin

Wednesday, March 31, 2021

Schwazze (SHWZ)
Reports 4Q20 and Full Year Results

Medicine Man Technologies, Inc. is now operating under its new trade name, Schwazze. Schwazze is executing its strategy to become a leading vertically integrated cannabis holding company with a portfolio consisting of top-tier licensed brands spanning cultivation, extraction, infused-product manufacturing, dispensary operations, consulting, and a nutrient line. Schwazze leadership includes Colorado cannabis leaders with proven expertise in product and business development as well as top-tier executives from Fortune 500 companies. As a leading platform for vertical integration, Schwazze is strengthening the operational efficiency of the cannabis industry in Colorado and beyond, promoting sustainable growth and increased access to capital, while delivering best-quality service and products to the end consumer. The corporate entity continues to be named Medicine Man Technologies, Inc.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

4Q Results. For the fourth quarter, Schwazze reported revenue of $7.9 million, an increase of approximately 139% as compared to $3.3 million during the same period in 2019 and a net loss of $8.5 million, or $0.21 per share, compared to a net loss of $3.4 million, or $0.10 per share, for 4Q19. We had forecast revenue of $8.1 million and a net loss of $2.6 million, or $0.06 per share.

Star Buds Update. The Company is currently integrating the 13 Star Buds dispensary locations into its data-driven operating system to create operational and financial synergies and expects to complete the process by mid-June. Together with Schwazze and the proforma revenue for 2020 Mesa Organics Ltd, acquired by Schwazze in April 2020, total 2020 proforma revenue is estimated to be approximately …

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

Release – Travelzoo (TZOO) – Appoints Michèle Huiban As Chief Financial Officer

Posted on March 31, 2021 by Admin

Travelzoo Appoints Michèle Huiban As Chief Financial Officer

NEW YORK,
March 31, 2021 /PRNewswire/ —
Travelzoo® (NASDAQ: TZOO), a global Internet company that publishes exclusive offers and experiences for members, today announced the appointment of Michèle Huiban as Chief Financial Officer (CFO).

Ms. Huiban, a French national, is an accomplished global executive with experience in the media, entertainment, and fashion industries. Between 2008 and 2018, she held the positions of Chief Executive Officer, Deputy General Manager and Chief Financial Officer at
Lanvin Group, the world’s oldest fashion house in operation. From 2003 to 2008, she was Deputy Managing Director of Groupe Jeune Afrique, the first pan-African francophone magazine offering weekly political, economic, social and cultural news. From 1993 to 2003, she was Deputy Managing Director and Chief Operating Officer of Gaumont, one of the world’s oldest film companies, listed on the
Paris stock exchange. From 1989 to 1993, she was Deputy Managing Director, Finance and Administration, and Chief Financial Officer of
Virgin France, the French subsidiary of British group Virgin.

Ms. Huiban received her MBA from
ESSEC Business School in
Paris.

“We are excited that Michèle has decided to join the team,” said Holger Bartel,
Travelzoo’s Global CEO. “Michèle brings a new dimension of strategic financial leadership to our business at a time when our growth rate is expected to accelerate and we seek opportunities for growth.”

Ms. Huiban said: “I am delighted to be joining
Travelzoo, a dynamic and forward-looking group, and to work with the team.”

About Travelzoo
Travelzoo® provides our 30 million members insider deals and one-of-a-kind experiences personally reviewed by one of our deal experts around the globe. We have our finger on the pulse of outstanding travel, entertainment, and lifestyle experiences. For over 20 years we have worked in partnership with more than 5,000 top travel suppliers—our long-standing relationships give
Travelzoo members access to irresistible deals.

Certain statements contained in this press release that are not historical facts may be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements may include, but are not limited to, statements about our plans, objectives, expectations, prospects and intentions, markets in which we participate and other statements contained in this press release that are not historical facts. When used in this press release, the words “expect”, “predict”, “project”, “anticipate”, “believe”, “estimate”, “intend”, “plan”, “seek” and similar expressions are generally intended to identify forward-looking statements. Because these forward-looking statements involve risks and uncertainties, there are important factors that could cause actual results to differ materially from those expressed or implied by these forward-looking statements, including changes in our plans, objectives, expectations, prospects and intentions and other factors discussed in our filings with the
SEC. We cannot guarantee any future levels of activity, performance or achievements.
Travelzoo undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.

Travelzoo and Top 20 are registered trademarks of
Travelzoo.

Travelzoo

590 Madison Avenue
35th Floor

New York, NY 10022

Media contacts:
Gabe Saglie –
New York
+1 805 453 1209
gsaglie@travelzoo.com

Cat Jordan –
London
+44 7776 781525
cjordan@travelzoo.com

Stéphane Renard –
Paris
+33 6 09 20 60 06
srenard@travelzoo.com

Source: Travelzoo

Travelzoo (TZOO) – Appoints Michèle Huiban As Chief Financial Officer

Posted on March 31, 2021 by Admin

Travelzoo Appoints Michèle Huiban As Chief Financial Officer

Ms. Huiban received her MBA from
ESSEC Business School in
Paris.

Ms. Huiban said: “I am delighted to be joining
Travelzoo, a dynamic and forward-looking group, and to work with the team.”

Travelzoo and Top 20 are registered trademarks of
Travelzoo.

Travelzoo

590 Madison Avenue
35th Floor

New York, NY 10022

Media contacts:
Gabe Saglie –
New York
+1 805 453 1209
gsaglie@travelzoo.com

Cat Jordan –
London
+44 7776 781525
cjordan@travelzoo.com

Stéphane Renard –
Paris
+33 6 09 20 60 06
srenard@travelzoo.com

Source: Travelzoo

Release – Namaste Technologies (NXTTF)(N:CA) – Reports Year End 2020 Financial Results

Posted on March 30, 2021 by Admin

Namaste Technologies Reports Year End 2020 Financial Results

TORONTO, March 30, 2021 (GLOBE NEWSWIRE) — Namaste Technologies Inc. (“Namaste” or the “Company”) (TSXV: N) (FRANKFURT: M5BQ) (OTCMKTS: NXTTF) a marketplace platform for cannabis and wellness products, today reported its financial results for the year ended November 30, 2020. All financial figures are in Canadian dollars unless otherwise indicated.

Highlights of Consolidated Financial Results:

Gross revenue for the fourth quarter ended November 30, 2020 was $8.0 million (compared to $4.0 million in the same period last year), and for the fiscal year ended November 30, 2020 was $27.1 million (compared to $16.4 million in the fiscal year ended November 30, 2019), representing an increase of 100% from the same quarter last year and an increase of 65% from the prior year, respectively.
Net revenue for the quarter ended November 30, 2020 was $7.2 million (compared to $3.9 million in the same period last year), and for the fiscal year ended November 30, 2020 was $25.1 million (compared to $16.3 million in the fiscal year ended November 30, 2019), representing an increase of 85% from the same quarter last year, and an increase of 54% from the prior year, respectively.
The $3.3 million improvement in net revenue for the fourth quarter ended November 30, 2020 over the same quarter in the prior year ($8.8 million YTD) was primarily attributable to the increased revenues from the sale of cannabis products.
The Company’s net loss has shown substantial improvement as compared to 2019. Net loss for the fourth quarter ended November 30, 2020 was ($6.4 million) compared to a net loss of ($29.7 million) for the fourth quarter ended November 30, 2019. Net loss for the fiscal year ended November 30, 2020 was ($26.4 million) compared to a net loss of ($63.2 million) in the fiscal year ended November 30, 2019. The Company is committed to maintaining these positive trends.
The Company’s working capital position remains strong at $16.5 million as at November 30, 2020.
Subsequent to year-end, the Company successfully closed a $23 million bought deal offering.

Recent Corporate Highlights:

Launched CannMart.com into the USA offering Americans hemp derived CBD and smoking accessories.
Announced the addition of leading licensed producers to the CannMart.com platform: Auxly Cannabis Group, Hexo Corp and The Green Organic Dutchman Holdings (TGOD).
Received a standard processing licence from Health Canada for CannMart Labs Inc., our state-of-the-art BHO extraction facility.
Announced expansion to broaden our total addressable market and to evolve into a pre-eminent wellness company, connecting consumers to their wellness needs of tomorrow.

“We are pleased with the progress made by the team to achieve the highest recorded quarterly revenue for the company to date,” said Meni Morim, CEO of Namaste. “We achieved significant year-over-year growth of revenue as cannabis sales through CannMart’s distribution channels made an important contribution to the revenue stream. The Company is in a strong financial position today made possible from the considerable work undertaken in 2020 to lay the foundation for long term growth as Namaste continues its evolution to be the world’s foremost personalized wellness marketplace.”

For further details, the complete Financial Statements for the year-ended ended November 30, 2020 and the related Management’s Discussion & Analysis can be accessed on the Company’s SEDAR profile at www.sedar.com.

NON IFRS FINANCIAL MEASURES

Management evaluates the Company’s performance using a variety of measures, including “Net loss before income tax, depreciation and amortization” and “Adjusted EBITDA”. The non-IFRS measures discussed below should not be considered as an alternative to or to be more meaningful than revenue or net loss. These measures do not have a standardized meaning prescribed by IFRS and therefore they may not be comparable to similarly titled measures presented by other publicly traded companies and should not be construed as an alternative to other financial measures determined in accordance with IFRS.

The Company believes these non-IFRS financial measures provide useful information to both management and investors in measuring the financial performance and financial condition of the Company.

Management uses these and other non-IFRS financial measures to exclude the impact of certain expenses and income that must be recognized under IFRS when analyzing consolidated underlying operating performance, as the excluded items are not necessarily reflective of the Company’s underlying operating performance and make comparisons of underlying financial performance between periods difficult. From time to time, the Company may exclude additional items if it believes doing so would result in a more effective analysis of underlying operating performance. The exclusion of certain items does not imply that they are non-recurring.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ada3b7a0-52a6-4007-917b-f0c10e3ed668

(i) Current and deferred income taxes, depreciation and amortization, and share-based compensation were excluded from the Adjusted EBITDA calculation as they do not represent cash expenditures.

(ii) Other income consisting of gain on disposal of subsidiary, interest income, realized gain on disposition of AFS investments, unrealized gain on derivatives and other miscellaneous non-recurring income were excluded from Adjusted EBITDA calculation.

(iii) Non-recurring costs related to restructuring and legacy issues were excluded from Adjusted EBITDA calculation.

(iv) Impairment loss relating to goodwill, customer list, domains and brand names were excluded from Adjusted EBITDA calculation.

(v) Impairment loss relating to receivable is a provision for expected credit loss to an associate and was excluded from Adjusted EBITDA calculation.

(vi) Share of associates loss, net of tax, is excluded due to lack of control.

About Namaste Technologies Inc.

Headquartered in Toronto, Canada, Namaste Technologies is a marketplace platform for cannabis and wellness products. At CannMart.com, the Company provides Canadian medical customers with a diverse selection of hand-picked products from a multitude of federally licensed cultivators and US customers with access to hemp-derived CBD and smoking accessories. The Company also distributes licensed and in-house branded cannabis and cannabis derived products in Canada through a number of provincial government control boards and retailing bodies and facilitates licensed cannabis retailer sales online in Saskatchewan. Namaste’s global technology and continuous innovation address local needs in a burgeoning cannabis industry requiring smart solutions.

Information on the Company and its many products can be accessed through the links below:

NamasteTechnologies.com

NamasteMD.com

Cannmart.com

For more information please contact:
Namaste Technologies Inc.
Meni Morim, CEO
Edward Miller, VP Investor Relations
Ph: 647-362-0390
Email: ir@namastetechnologies.com

Source: Namaste Technologies Inc

FORWARD-LOOKING INFORMATION – This news release contains “forward-looking information” within the meaning of applicable securities laws. All statements contained herein that are not historical in nature contain forward-looking information. Forward-looking information can be identified by words or phrases such as “may”, “expect”, “likely”, “should”, “would”, “plan”, “anticipate”, “intend”, “potential”, “proposed”, “estimate”, “believe” or the negative of these terms, or other similar words, expressions and grammatical variations thereof, or statements that certain events or conditions “may” or “will” happen.

The forward-looking information contained herein, including, without limitation, statements related to the Company building the world’s first personalized wellness marketplace and its commitment to continue to reduce its net losses are made as of the date of this press release and is based on assumptions management believed to be reasonable at the time such statements were made, including, without limitation, Namaste’s ability to maintain momentum of expanding its business, its ability to broaden its total addressable market and to evolve into a recognized wellness company, the Company’s expectation that the nutraceutical and wellness market and potentially the market for psychedelics will develop as currently anticipated, the nutraceutical market will continue to be a multi-billion dollar high-margin market, the introduction of new products and brands will generate additional revenue, as well as other considerations that are believed to be appropriate in the circumstances. While we consider these assumptions to be reasonable based on information currently available to management, there is no assurance that such expectations will prove to be correct. By its nature, forward-looking information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. A variety of factors, including known and unknown risks, many of which are beyond our control, could cause actual results to differ materially from the forward-looking information in this press release. Such factors include, without limitation: the inability of the Company to develop its business as anticipated and to increase revenues and/or its profitable margin on such revenues, unanticipated changes to current regulations that would adversely impact the Company’s business and proposed business and other regulatory risks, risks relating to the Company’s ability to execute its business strategy and the benefits realizable therefrom and risks specifically related to the Company’s operations. Additional risk factors can also be found in the Company’s current MD&A and annual information form, both of which have been filed under the Company’s SEDAR profile at www.sedar.com. Readers are cautioned not to put undue reliance on forward-looking information. The Company undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release or has in any way approved or disapproved of the contents of this press release.

Source: Namaste Technologies Inc.

How Does the Esports Industry Make Money?

Posted on March 30, 2021 by Admin

Esports: Show me the Money!

The pandemic has had both a positive and negative impact on esports and live-streaming markets. One positive result of lockdowns is they produced a spike in viewership across streaming platforms; more people at home allowed for an acceleration of the fan base as an increasing number of consumers discovered games on Twitch, YouTube, and Huya. These platforms became hubs for social interaction as well as competitive entertainment. The live-streaming market, in esports-related viewership, flourished.

On the negative side, the pandemic caused the cancelation of in-person events, which largely eliminated ticket revenues and produced lower than expected merchandise sales across the board. These factors presented challenges to arena and homestand ventures, slowing or completely stalling investor interest in related companies. The expected return to more in-person events could provide an opportunity to investors in companies involved in ticket sales sponsorship deals.

Stakeholders

There are various businesses and activities that could be included when defining esports. The sector is still growing and finding its place in collegiate, professional and semi-professional organized tournaments by leagues that bestow prize money or title upon victory. Esports’ overall market size as it relates to investors has the largest revenues and viewership from professional competitive gaming.

With many different interested parties in the business, each plays a unique part in the broad, varied community. The largest stakeholders include broadcast platforms, game publishers, teams, consumers, athletes, sponsors, and advertisers. From the consumer’s point of view, they tend to be fans of one broadcasting platform over another.

Revenue Generators

Revenue streams within the industry are generated from the sale of sponsorships, media rights, digital, streaming, tickets, merchandising, hosting, and publisher fees. Another revenue stream comes from rights sold to the media, inclusive of revenues generated through media property, including all revenues paid to industry stakeholders to secure the rights to show esports content on a channel. This includes payments from online streaming platforms to organizers broadcasting their content, foreign broadcasters securing rights to show content in their country or copyright costs to show video content or photos of an esports competition — an example could include Torque Esports Corp. (MLLLF). Another that involves itself in racing esports production is Engine Media Holdings (GAME:CA). Merchandise and ticket revenue is revenue generated by the sale of tickets for live esports events and merchandise. Merchandise is sold by esports teams and event organizers and sometimes includes merchandise sold by publishers.
Revenues from exchange style wagering on events in a licensed, regulated and secure platform, an example of a company involved is Esports Entertainment Group (GMBL). Digital revenue is when revenue is generated from digital sales of in-game items that utilize Team IP or signed player likeness. Teams and organizers generate revenues through sponsorship contracts. This could include deals relating to sponsoring an event, or team sponsorship, product placement, and payments by brands for team logos, etc.

Virtual Road Show Series – Wednesday March 31 @ 1pm EDT

Join Esports Entertainment Group (GMBL) CEO Grant Johnson for this exclusive corporate presentation, followed by a Q & A session moderated by Michael Kupinski, Noble’s senior research analyst, featuring questions taken from the audience. Registration is free and open to all investors, at any level.

Take-Away

There is both opportunity and a great deal to know about esports as a potential growth investment opportunity. There are different revenue streams for all the various stakeholders and some vertically integrated companies that benefit from many different streams. As a source of information visit the Travel and Leisure industry on Channelchek for information, and if you aren’t registered to receive daily research and articles, your no-cost opportunity is here.

More to Discover on Channelchek: