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Thoughtful Brands has strong footprint in the CBD and nutraceutical product markets

Published: 10:40 21 Apr 2021 EDT

Snapshot

  • Thoughtful Brands strengthens sales and operation networks in North America and Europe
  • Full interview: Mota Ventures rings the bell to open trading on the Canadian Securities Exchange
Cannabis leaf

About the company

Thoughtful Brands Inc is an eCommerce technology company that develops, produces and markets natural health products through various brands in North America and Europe utilizing its proprietary direct-to-consumer platform.  Through continuous strategic acquisitions, the company has a strong footprint in the CBD and nutraceutical product markets.  

How it is doing

12 Mar 2021

Thoughtful Brands Inc (CSE:TBI) (FRA:1WZ1) (OTCQB:PEMTF) said it has canceled the acquisition of Franchise Cannabis Corp (FCC), previously announced in January, a move it says, which will provide stronger sales and operations networks in North America and Europe by allowing its existing joint venture with FCC to remain in place.

The company, which researches, develops, markets, and distributes natural health products through various brands, said positive changes to the market during the first quarter of 2020 within the cannabis and cannabidiol (CBD) sectors were key factors in the decision not to move ahead with the FCC acquisition.

Thoughtful Brands added that over the past two quarters, it has focused on increasing profitability through improved customer retention rates, which had contributed to higher net margins as customer acquisition costs were front end loaded and initial margins were typically lowered.

The company also said it has commenced integration of the production of distillate and isolate produced by its subsidiary, American CBD Extraction, and that new superior quality CBD products have been formulated and are planned to be introduced to the market in the second quarter of 2021. In addition to the new product lines, the company said it plans to establish a supply chain for its wholesale hemp biomass throughout the US and Europe, which it said will increase topline revenues and contribute to overall net margins.

07 Jan 2021

Thoughtful Brands Inc (CSE:TBI) (OTCQB:PEMTF) (FWB:1WZ1:GR) reported that it has entered into a binding letter of intent (LOI) with European medical cannabis company Franchise Cannabis Corp, in which Franchise Cannabis will go public through a reverse takeover involving Thoughtful Brands and begin trading on the Canadian Securities Exchange under the name "Franchise Cannabis Corp." 

Thoughtful Brands said it expects the combined company to be well positioned to expand product offerings and distribution channels in both the US and Europe, with the possibility of entering other cannabis markets as well.

09 Dec 2020

Thoughtful Brands Inc (CSE:TBI) (OTCQB:PEMTF) (FRA:1WZ1), a global natural health products and e-commerce tech company, named well-connected merchant banker Bradley C Smith as a director, as the company pursues vertical integration and scans the market for potential opportunities to grow its portfolio. 

Smith is vice president of Hampstead Private Capital, a merchant bank focused on small to mid-cap companies. He leads the media and technology group as well as looks after the firm’s public relations. A familiar face on Canadian television, Smith has appeared on Chopped Canada, Breakfast Television, and the Bachelor Canada. 

What management says

06 Dec 2019

Mota Ventures (CSE: MOTA) President and CEO Joel Shacker joined Steve Darling from Proactive in Toronto to discuss the cannabis company ringing the opening bell at the CSE. Shacker talked about the new company and what they are planning for operations in Colombia.

Shacker also told Proactive about the next year and why he feels 2020 will be a very critical year for the company.

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on 23/1/20