It has been a very busy 8 months for True Leaf Medicine International Ltd. and the next 4 months will be pivotal for the company.
On track and on budget is the completion of the True Leaf Campus in Lumby, British Columbia, for early October 2018. This will coincide perfectly with the national legalization of cannabis in Canada anticipated on October 17.
In addition, the True Leaf Pet division continues to increase store counts in North America and Europe with sales growning to over $1.4 million in the last year ending March 31, 2018. These results represent a 280% increase in revenue over the previous fiscal year ($368,536) and a 286% increase of fourth quarter sales year over year, from $99,331 to $383,844. Revenue growth was primarily fueled by True Leaf expanding the reach of its True Leaf Pet division to new locations in-store and online. True Hemp™ dog chews, dental sticks, and supplement oils are now sold in more than 1,800 stores worldwide, including in Canada, the United States, and Europe through retailers such as PetSmart Canada, Pets Corner UK, and Amazon.
Among others, True Leaf Hemp products are available at Futterhaus in Germany:
I can proudly confirm that our 6 months old dog, Mocky, loves all of the True Hemp products and is developing magnificently thanks to True Leaf:
In May 2018, True Leaf announced to introduce hemp-based cat treats. “We are proud to introduce our first product line for cats to the international pet industry this week at Interzoo,” said Darcy Bomford, Founder and Chief Executive Officer of True Leaf. “True Leaf Pet exists to help pets live happier, healthier lives. We will soon offer millions of cat owners a line of treats that provide the same benefits as our popular hemp-based products for dogs.”
The company has added significant credibility to its Board of Directors through the addition of Sylvain Toutant who most recently served as President and CEO of David’s Tea, Canada’s largest specialty tea boutique, where he was responsible for the company’s growth in Canada, the United States, and around the world. He also led the company’s successful IPO to NASDAQ. He commented: “When I found out about True Leaf’s pet supplements I was very intrigued about their use of hemp. I have two older dogs and inflammation is always a problem. I’m always looking for the best treats to help them live a better life. True Leaf has a unique growth opportunity to be a leader in the pet wellness industry while also operating in the cannabis space. I have the passion and drive to help take True Leaf to the next level.”
The balance sheet is strong with over $8 million in cash and $15 million in asset holdings.
To help bring everyone up to speed, see below the revamped corporate presentation as well as the updated factsheet. These newly designed tools are also available for download via True Leaf’s website: https://ir.trueleaf.com
About True Leaf
True Leaf is a plant-forward wellness brand for people and their pets. Founded in 2013, True Leaf has two main operating divisions: True Leaf Medicine Inc. and True Leaf Pet Inc. True Leaf Medicine Inc. is in the final stages of approval to become a licensed producer of federally-approved medicinal cannabis for the Canadian market. The license is subject to a Health Canada inspection to allow for the production, manufacture, and distribution of cannabis products upon the completion of True Leaf Campus: the company’s cannabis cultivation facility being built in Lumby, British Columbia. Construction is expected to be completed in fall 2018. Established in 2015, True Leaf Pet Inc. is one of the first companies to market hemp-based products for pets worldwide. The company is initially marketing a line of hemp-seed based supplements for pets. True Hemp™ chews, dental sticks, and supplement oils are sold in more than 1,800 stores across North America and Europe. More information: www.trueleaf.com
True Leaf Medicine International Ltd.
100 Kalamalka Lake Road, Unit 32
Vernon, BC V1T 9G1, Canada
Phone: +1 778-389-9933
Shares Issued & Outstanding: 95,369,059
Link to updated chart (15 min. delayed): http://schrts.co/P3G3nq
Live Chart CSE:MJ (Canada)
Live Chart OTCQB:TRLFF (USA)
Live Chart TLA / A14NM1 (Frankfurt/Germany)
Live Chart TLA / A14NM1 (Tradegate/Germany)
Report #22 “True Leaf now in final stage to receive a cannabis production licence in Canada“
Report #21 “True Leaf joins elite group of companies at final stage before pre-licence inspection to produce cannabis“
Report #20 “True Hemp available soon in Germany and Austria“
Report #19 “True Leaf acquires OregaPet, a revenue generating company with award-winning medicinal products“
Report #18 “True Leaf starts production, sales and marketing in Europe, backed by first major purchase order“
Report #17 “True Leaf just started to take root (to grow big thereafter)“
Report #16 “New sales channel for the market buzz: True Leaf products now also sell online“
Report #15 “Hemp for Dogs: True Leaf from Canada brings a special treat to the worlds leading trade-show Interzoo“
Report #14 “True Leaf pushes the gas pedal and brings True Hemp to Europe“
Report #13 “True Leaf conquers the US Pet Food Market”
Report #12 “True Leaf To Sell Hemp-Based Products in 3500 Stores in the US”
Report #11 “True Leaf‘s Product Line Now Available in 47 Canadian Retail Stores”
Report #10 “True Leaf‘s Selling Fast”
Report #9 “True Leaf Expands to Europe”
Report #8 “True Leaf Unveils New Product Line”
Report #7 “Another Key Piece for the True Leaf Puzzle”
Report #6 “True Leaf Pet’s Hemp Chew Product Line to be Distributed Across Canada”
Report #5 “Interview with True Leaf‘s CEO Darcy Bomford“
Report #4 “One Step Closer Becoming A Licenced Medical Marijuana Producer“
Report #3 “True Leaf on its way to production“
Report #2 “True Leaf To Enter The Pet Food Market With Hemp Products In Fall of 2015“
Report #1 “True Leaf Medicine International Ltd. Goes Public“
Disclaimer: This report contains forward-looking information or forward-looking statements (collectively "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by their nature, refer to future events. Rockstone Research and True Leaf Medicine International Ltd. cautions investors that any forward-looking information provided herein is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors. The reader is referred to the True Leaf Medicine International Ltd.´s public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the True Leaf Medicine International Ltd.´s profile on SEDAR at www.sedar.com. Please read the full disclaimer within the full research report as a PDF (here) as fundamental risks and conflicts of interest exist. The author, Stephan Bogner, holds a long position in True Leaf Medicine International Ltd. and is being paid a monthly retainer from Zimtu Capital Corp., which company also holds a long position in True Leaf Medicine International Ltd. Note that neither True Leaf Medicine International Ltd. nor Zimtu Capital Corp. have reviewed the content prior to above publication and may not agree with statememts made herein.