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Sunday, November 27, 2022

Liberty Health Sciences Inc (OTCMKTS: LHSIF) (CSE: LHS) Heats Up

Liberty Health Sciences Inc (OTCMKTS: LHSIF) has been on the rise even as the cannabis sector as a whole continues to lose ground. Last week the Company launched three of its newest Cannabis Education Center (CEC) dispensaries in Winter Haven, FL; Palm Harbor, FL, and Merritt Island, FL

Liberty Health is quickly establishing itself as a major player in the booming cannabis space responsible for many, many huge recent winners. The sector is on fire as we near legal recreational cannabis in Canada on October 17. The global legal marijuana market is expected to reach USD 146.4 billion by end of 2025, according to a new report by Grand View Research, Inc.

Liberty Health Sciences Inc (OTCMKTS: LHSIF) (CSE: LHS) is licensed to produce and sell medical cannabis products in the State of Florida through its wholly-owned subsidiary, DFMMJ Investments, llc dba Liberty Health Sciences Florida Ltd. The Company operates four dispensaries currently as well as six delivery hubs. Liberty has also signed seven new leases for dispensaries that are at various stages of permitting and construction. These new locations are expected to be opened by the end of February 2019, subject to the receipt of necessary approvals from the Florida Department of Health. The recently announced expansion of its one-day delivery services and the 24-hour or less turnaround throughout the entire state of Florida has also had a favorable impact on patient and revenue growth.

Liberty Health purchased land, offices, processing   facilities   and   approximately   12,000   square   feet   of greenhouses from Chestnut Hill Tree Farm. An expansion was completed in January 2018 which doubled the greenhouse capacity to approximately 1,600kgs of product per year. Given the rapidly growing demand for product in Florida, in February 2018, Liberty acquired a 387-acre site in Gainesville which was previously owned by Alico Citrus Nursery. Liberty is in the process of retrofitting the Alico property and in the meantime, continues to operate out of the expanded Chestnut facility. The Alico location has been re-branded as the Liberty 360 Innovation Campus and is expected to reach commercial production by early 2019.  The combined production capacity of the Chestnut Facility and the Liberty 360 Campus will be approximately 14,600 kgs annually.

The Company has experienced significant growth; last month Liberty Health said they experienced a 95% increase in sales revenue in the three-month period ended August 31, 2018 compared to the previous three-month period which ended May 31, 2018. Liberty’s recent quarterly revenue totaled $2.2 million compared to $1.1 million for the previous quarter, a 95% increase. The growth in revenue reflects the wider recognition of the Liberty brands in terms of quality and consistency as well as the patient-centric approach that the Company uses. The corresponding patient count increased to almost 10,000 patients at the end of August from 4,600 at the end of May, a 112% increase over this time period.

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Liberty currently processes a full range of products in their Florida operations ranging from tinctures to capsules and where it has established a track record for consistent high quality product for medical patients. Liberty will bring these same methods to Ohio and products to the extent that they are allowed for under the Ohio regulations.

Last month Liberty Health announced it has become the first brand partner for the PAX Era, an easy-to-use, temperature controlled portable cannabis oil vaporizer, in the Florida market. The PAX Era vapor platform and compatible pod technology will be available in all of Liberty’s Cannabis Education Centers (CEC) locations and through delivery starting October 1, 2018. Liberty will offer several varieties of strains, designed for a wide array of uses and giving a broad range of choice to consumers.

Earlier this month Liberty Health was awarded a Processor provisional license by the Ohio Department of Commerce. Liberty, along with their Ohio-based joint venture partner, the Schottenstein Group, will work on securing a Certificate of Operation over the next several months. The Processor provisional license follows the awarding of the Provisional dispensary license in June 2018 in the city of Dayton. Liberty owns 50.1% of both the Processor provisional license and the Provisional dispensary license with the Schottenstein Group owning the remaining 49.9%.

On October 24 Liberty Health announced the planned opening this week of three of its newest Cannabis Education Center (CEC) dispensaries in Winter Haven, FL; Palm Harbor, FL, and Merritt Island, FL featuring free 24-hour delivery service throughout Florida. Opening for the Palm Harbor and Merritt Island locations are subject to DOH approval. The new dispensaries are located at 31486 US Highway 19 North, Palm Harbor, FL; 1285 1st Street, Winter Haven, FL, and 150 East Merritt Island Causeway, Merritt Island, FL. The dispensaries are open Monday through Friday, 10 a.m. to 7p.m., Saturday, 10 a.m. to 5 p.m., and Sunday 12 p.m. to 5 p.m. Currently, Liberty operates four dispensaries and six delivery hubs with 24-hour delivery to any resident in the state.

Liberty’s CEC’s offer pharmaceutical-grade cannabis products and a comprehensive platform that includes educational tools and compassionate one-on-one consultations geared towards informing customers on medical cannabis use. The Company offers a wide array of brands such as Aphria, Solei, Mary’s Medicinals, Pax Era Pod devices, and Incredibles. These products aim to provide customers with a variety of high-quality options to meet their needs across all state-approved methods of cannabis consumption, including vapes, oils, tinctures and capsules.

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Currently trading at a $295 million market valuation Liberty Health has a war chest of $38.8 million in the treasury, $131 million in assets and little debt. Liberty Health boasts growing revenues recently reporting recent quarterly revenue totaled $2.2 million compared to $1.1 million for the previous quarter, a 95% increase. Liberty Health is one exciting Company making waves in the booming cannabis space; the Company operates 7 dispensaries currently as well as six delivery hubs and has also signed seven new leases for dispensaries that are at various stages of permitting and construction and locations are expected to be opened by the end of February 2019. Liberty Health is also vamping up their production capacity and say they will be at 14,600 kgs annually by early next year. We will be updating on Liberty Health when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with Liberty Health.

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Disclosure: we hold no position in Liberty Health either long or short and we have not been compensated for this article.

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