This CBD Lifestyle Company Could Be Your Next Big Runner
LUFF Brands is a CBD lifestyle company, focused on providing premium quality, innovative products across the United States. Committed to plant-based science, LUFF produces a suite of thoughtfully designed products.
LUFF Brands Is At The Center Of A Rapidly Growing Industry
One of the fastest-growing industries in the world, cannabis is set to become a major source of employment and revenue for economies across the country. As the industry continues to expand and evolve, it is only natural to wonder whether investing in cannabis stocks is a good idea.
While there are plenty of potential pitfalls to consider before making an investment, there are also a wealth of opportunities available to those who are willing to take a deep dive into the space.
Recent News On Acquisitions Point To Future Growth
In recent news, LUFF announced the signing of a definitive agreement to acquire a federally licensed producer in Vancouver, BC. LUFF plans to acquire, largely for share consideration, the National Green Biomed group of companies (“NG Biomed”). NG Biomed is a licensed producer and seller of cannabis products for both the recreational and medical consumer markets.
Philip Campbell, CEO, commented,
“We are pleased to announce the next step in our online marketplace strategy, with the acquisition of a licensed producer. This acquisition will allow us to accelerate our launch of online sales in Canada and establish a new online wellness marketplace. I look forward to welcoming our new shareholders and employees.”
The acquisition of NG Biomed will be effected by way of a three-cornered amalgamation in accordance with the provisions of the Business Corporations Act (British Columbia) whereby the shareholders of NG Biomed will exchange their shares for up to 170,000,000 common shares in LUFF at a deemed price of $0.025 per share.
Stay In The Loop With LUFF Brand's Latest Press Releases
LUFF Enterprises Announces Final Health Canada License Approval for the NG Biomed Group of Companies
Stay Up To Date With Luff
Stay ahead of the markets. Get the newest company developments as they come out.
Strong Leadership & Financials Bode Well For LUFF Brands
With the recent appointment of Jason Vandenberg as the CFO, who brings 20+ years of experience in leading companies to substantial growth, we can only assume this is a result of the appointment of Vandenberg and is something we can expect to see more of.
As part of the recent acquisition, Luff is adding even more firepower to their leadership suite, with the appointment of the Honorable Herb Daliwal, a seasoned entrepreneur and proven leader to the Luff board of directors.
As of March 31, 2022, LUFF had cash balances of $3.2 million and positive working capital of $5.2 million. With further initiatives to expand its online sales channels in the USA and to launch a new online sales initiative in Canada, LUFF is on the track to reaching a growth stage like no other.
The ultimate goal of LUFF is to become the “premier online cannabis dispensary in North America.” The company also has a white label capability that allows LUFF to expand into every corner of the industry, from small online stores to your everyday brick-and-mortar to the biggest names looking to align with Luff's premier offering.
This paves way for near unlimited upside in revenue & company growth, networking connections, and industry growth.
LUFF is fitting all the pieces together to become a powerhouse in the cannabis industry. From quality products to their logistics warehouse and production facility. Their recent expansion within an industry that is predicted to grow about ~23% per year with sector analyst Vivien Azer predicting $75 billion in global sales in 2030 leaves potential investors to wonder –
Philip Campbell
Founder & CEO
Kristine Zhang
CFO
Drew Malcolm
Director
Kristine Zhang
Business Analyst
Jeremy South
Chairman & Director
Herb Dhaliwa
Director
Disclaimer
Stock Research Today is a project of Virtus Media Group LLC and intended solely for entertainment and informational purposes. Consult your financial, investment and tax advisors to determine what financial and tax strategies may be right for you. Investor protection and other important information is available at https://www.sec.gov/. This website / media webpage is owned, operated and edited by Virtus Media LLC. Any wording found on this website / media webpage or disclaimer referencing “I” or “we” or “our” or “Virtus Media” refers to Virtus Media LLC. This website / media webpage is a paid advertisement, not a recommendation nor an offer to buy or sell securities. Our business model is to be financially compensated to market and promote small public companies. By reading our website / media webpage you agree to the terms of our disclaimer, which are subject to change at any time. We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature and therefore are unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis for making investment decisions and is for entertainment purposes only. At most, this communication should serve only as a starting point to do your own research and consult with a licensed professional regarding the companies profiled and discussed. Conduct your own research. Companies with low price per share are speculative and carry a high degree of risk, so only invest what you can afford to lose. By using our service you agree not to hold our site, its editor’s, owners, or staff liable for any damages, financial or otherwise, that may occur due to any action you may take based on the information contained within our website / media webpage .We do not advise any reader take any specific action. Losses can be larger than expected if the company experiences any problems with liquidity or wide spreads. Our website / media webpage are for entertainment purposes only. Never invest purely based on our alerts. Gains mentioned in our website / media webpage may be based on end-of-day or intraday data. This publication and their owners and affiliates may hold positions in the securities mentioned in our alerts, which we may sell at any time without notice to our subscribers, which may have a negative impact on share prices. If we own any shares we will list the information relevant to the stock and number of shares here. Virtus Media business model is to receive financial compensation to promote public companies. To conduct investor relations advertising, marketing and publicly disseminate information not limited to our websites, email, sms, push notifications, influencers, social media postings, ticker tags, press releases, online interviews, podcasts, videos, audio ads, banner ads, native ads, responsive ads. This compensation is a major conflict of interest in our ability to be unbiased regarding. Therefore, this communication should be viewed as a commercial advertisement only. We have not investigated the background of the hiring third party or parties. The third party, profiled company, or their affiliates likely wish to liquidate shares of the profiled company at or near the time you receive this communication, which has the potential to hurt share prices. Any non-compensated alerts are purely for the purpose of expanding our database for the benefit of our future financially compensated investor relations efforts. Frequently companies profiled in our alerts may experience a large increase in volume and share price during the course of investor relations marketing, which may end as soon as the investor relations marketing ceases. Our emails may contain forward-looking statements, which are not guaranteed to materialize due to a variety of factors.
We do not guarantee the timeliness, accuracy, or completeness of the information on our website / media webpage. The information in our website / media webpage is believed to be accurate and correct, but has not been independently verified and is not guaranteed to be correct. The information is collected from public sources, such as the profiled company's website and press releases, but is not researched or verified in any way whatsoever to ensure the publicly available information is correct. Furthermore, Virtus Media often employs independent contractor writers who may make errors when researching information and preparing these communications regarding profiled companies. Independent writers' works are double-checked and verified before publication, but it is certainly possible for errors or omissions to take place during editing of independent contractor writer's communications regarding the profiled company(s). You should assume all information in all of our communications in incorrect until you personally verify the information, and again are encouraged to never invest based on the information contained in our written communications. The information in our disclaimers is subject to change at any time without notice. Compensation - Pursuant to an agreement between Virtus Media LLC and Luff Enterprises, Ltd., Virtus Media LLC has been hired for a period beginning on 1/06/22 and ending 3/6/22 to publicly disseminate information about (CNSX: LUFF) via digital communications. We have been paid fifty thousand USD via ACH Bank Transfer.