Strong Innovation Pipeline Continues to Drive Market Share Growth Broken Coast's First Foray into Cannabis 2.0 Solei Introduces First Limited Release Vape on the MarketSolei, RIFF, Good Supply and B!NGO Expand Product Offerings
LEAMINGTON, ON, Nov. 26, 2020 /PRNewswire/ - Aphria Inc. ("Aphria" or the "Company") (TSX: APHA and NASDAQ: APHA), a leading global cannabis company inspiring and empowering the worldwide community to live their very best life, today announced the expansion of its 510 Vape offering across its award-winning adult-use brand portfolio.
Each Aphria vape is designed with a unique offering to meet the demands of a diverse consumer segment. Whether it be through limited release options, like Solei's Gather Frosty Mint or by the Company's proprietary extraction processes, 510 vapes across all brands offer a high-quality extract, free of cutting agents.
"Since day one we have been committed to strategically developing an award-winning brand portfolio that resonates with Canadians, provides exceptional patient and consumer experiences, and competes against the illicit market," said Irwin D. Simon, Chief Executive Officer. "We believe the strength of our brands remain unmatched in the industry and are excited to expand 510 vapes across our brand portfolio, including Broken Coast's first cannabis 2.0 product. As a result, Aphria continues to gain market share and drive category leadership, and successfully grow our revenue from adult-use cannabis products 184% during our last fiscal year," said Irwin D. Simon, Chief Executive Officer.
The vape category is projected to represent up to 20% of adult-use sales in Canada.1 Currently, the Company maintains its number one adult-use market share position in both Alberta and Ontario, two of the largest provinces in Canada. In the last three months (ended October 31, 2020) in Ontario, Aphria continued to hold the number one position with more than 20% market share , high margin vapes category in both brick-and-mortar retail and online channels.2,3
Mr. Simon continued, "One of the largest opportunities for Aphria is converting consumers from the existing $3.9 billon illicit market We have ambitious targets with plans in place to continue to grow market share nationally, already growing our revenue from adult-use cannabis products 184% during our last fiscal year. Our key consumer data insights and understanding of our consumer preferences, and our strong innovation pipeline allow us to continue to introduce premium products, such as our 510 Vapes, which, when coupled with our superior quality, is a key driver of conversion."
The Company also announced RIFF, Good Supply and Broken Coast will be launching larger volume vape offerings with 1g fills in the coming months.
Solei continues to win over consumers with its Moments platform and thoughtful extension to its product offerings, such as its limited release of the new Gather Frosty Mint 510 Vape, which is one of the first seasonal vapes on the market. Gather Frosty Mint brings a unique twist to Solei's portfolio and is available now in Ontario, Alberta and New Brunswick while quantities last.
Broken Coast is widely recognized for setting the standard for premium cannabis in Canada. Leveraging proprietary growing practices, optimized for each cultivar, Broken Coast coaxes the ultimate expression out of each plant. For the first time, Broken Coast is introducing 510 vapes to its product offering, which will be available starting December 2020 nationally (except for Quebec) with the Stargazer, Headstash and Frost Monster strains. Broken Coast's proprietary extraction process properly preserves the cannabis terpenes specific to each strain and are reintroduced back into high-quality THC extract.
RIFF has expanded its offerings by launching iconic duos such as Grand Daddy Purps x Sour Kush and Jean Guy x Super Lemon Haze in 510 Vape Cartridges and 510 Battery, which are available nationally (except Quebec) and the 1g-format to launch nationally in the coming months (with the exception of Quebec). The RIFF vape formulation is a combination of two unique strains using high quality THC distillate and cannabis terpenes extracted from the cannabis plant.
Canada's number one vape brand since June of this year4. Good Supply has expanded its lineup of best-selling 510 vapes. Known for its cannabis-inspired formulations, Good Supply is building off the success of the Pineapple Express vape, which has been the number one-best selling vape in Ontario since January 20205. Now available nationally (except Quebec and Newfoundland), Good Supply will offer three new strains to its 510 Vape lineup including Purple Monkey, Tangie Kush and White Widow, in addition to extending Pineapple Express and Purple Monkey into 1g 510 Vapes.
Launched in September of this year, B!NGO is entering Cannabis 2.0 with Haze! and Raw! 510 vapes. Similar to its flower offerings, B!NGO vapes will launch in a larger volume with 1g fills and two unique flavour profiles, available nationally (with the exception of Quebec) starting in December 2020.
We Have a Good Thing Growing
About Aphria Inc.
Aphria Inc. is a leading global cannabis company driven by an unrelenting commitment to our people, the planet, product quality and innovation. Headquartered in Leamington, Ontario – the greenhouse capital of Canada – Aphria Inc. has been setting the standard for the low-cost production of high-quality cannabis at scale, grown in the most natural conditions possible. Focusing on untapped opportunities and backed by the latest technologies, Aphria Inc. is committed to bringing breakthrough innovation to the global cannabis market. The Company's portfolio of brands is grounded in expertly researched consumer insights designed to meet the needs of every consumer segment. Rooted in our founders' multi-generational expertise in commercial agriculture, Aphria Inc. drives sustainable long-term shareholder value through a diversified approach to innovation, strategic partnerships and global expansion.
For more information, visit: aphriainc.com
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: Certain information in this news release constitutes forward-looking statements under applicable securities laws and are expressly qualified by this cautionary statement. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward looking statements are often identified by terms such as "may", "should", "anticipate", "expect", "potential", "believe", "intend" or the negative of these terms and similar expressions. Forward-looking statements in this news release include, but are not limited to, statements with respect to Aphria's expected launch of new brand and product format offerings. Forward-looking statements are based on the opinions, estimates and perception of trends of management and its beliefs with respect to future events, as at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. Factors that may cause such differences include, but are not limited to, risks associated with COVID-19 nationally and globally which could have a material adverse impact on Aphria's business, operations and financial results, including disruptions in cultivation and processing, supply chains and sales channels, as well as a deterioration of general economic conditions including national and/or global recessions and the response of governments to the COVID-19 pandemic in respect of the operation of retail stores; general economic conditions; adverse industry events; marketing costs; loss of markets; future legislative and regulatory developments involving cannabis or otherwise affecting Aphria's business or its consumers generally; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favorable terms; the cannabis industry in Canada generally; income tax and regulatory matters, including delays in the issuance of licenses; the sale and distribution of vapes; the ability of Aphria to meet its liquidity requirements to fund ongoing operations; the ability of Aphria to implement its business strategies; competition; crop failure; safety of derivative cannabis products; currency and interest rate fluctuations.
Readers are cautioned that the foregoing list is not exhaustive and should carefully review the various risks and uncertainties identified in the Company's filings on SEDAR and EDGAR. Readers are further cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.
The forward-looking statements included in this news release are made as of the date of this news release and the Company does not undertake an obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise unless required by applicable securities laws. Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of this release.
1 Aphria Internal Sales Forecast
2 Headset Canadian Insights
3 OCS Sales Data
4 Headset Canadian Insights (BC, AB, SK, ON retail stores) – Jun to Sep 2020
5 OCS Sales Data. Total sales Jan-Oct 2020
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SOURCE Aphria Inc.
DUBLIN, Nov. 25, 2020 /PRNewswire/ -- The "Twin Screw Extruders - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
The publisher brings years of research experience to the 8th edition of this report. The 295-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Global Twin Screw Extruders Market to Reach $1 Billion by 2027
Amid the COVID-19 crisis, the global market for Twin Screw Extruders estimated at US$935.9 Million in the year 2020, is projected to reach a revised size of US$1 Billion by 2027, growing at a CAGR of 1.6% over the period 2020-2027.
Co-Rotating, one of the segments analyzed in the report, is projected to record 1.9% CAGR and reach US$621.4 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Counter-Rotating segment is readjusted to a revised 1.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $253.5 Million, While China is Forecast to Grow at 3.3% CAGR
The Twin Screw Extruders market in the U.S. is estimated at US$253.5 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$200.4 Million by the year 2027 trailing a CAGR of 3.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.2% and 1.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 0.6% CAGR.
Competitors identified in this market include, among others:
KraussMaffei Group GmbH
Thermo Fisher Scientific, Inc.
Toshiba Machine Co., Ltd.
Key Topics Covered:I. INTRODUCTION, METHODOLOGY & REPORT SCOPEII. EXECUTIVE SUMMARY1. MARKET OVERVIEW
Global Competitor Market Shares
Twin Screw Extruders Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERS4. GLOBAL MARKET PERSPECTIVEIII. MARKET ANALYSISIV. COMPETITION
Total Companies Profiled: 58
For more information about this report visit https://www.researchandmarkets.com/r/7ayisx
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.
Research and MarketsLaura Wood, Senior Managerpress@researchandmarkets.comFor E.S.T Office Hours Call +1-917-300-0470For U.S./CAN Toll Free Call +1-800-526-8630For GMT Office Hours Call +353-1-416-8900U.S. Fax: 646-607-1907Fax (outside U.S.): +353-1-481-1716
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SOURCE Research and Markets
CHANGZHOU, China, Nov. 23, 2020 /PRNewswire/ -- On 19 November 2020, Changzhou Trina Solar Energy Co., Ltd. (hereinafter Trina Solar) and Tianjin Zhonghuan Semiconductor Co., Ltd., (hereinafter Zhonghuan) signed a framework contract. Under the contract, Trina Solar intends to purchase 210mm monocrystal silicon wafers from Tianjin Huanou International Silicon Material Co., Ltd., a subsidiary of Zhonghuan. During the proposed procurement period between January 2021 and December 2021, the estimated total contract value is about 6.552 billion yuan (including tax) with no less than 1.2 billion pieces.
Gao Jifan, Chairman of Trina Solar, and Shen Haoping, General Manager of Zhonghuan, attended the signing ceremony held at Trina Solar's headquarters in Changzhou.
Gao Jifan, Chairman of Trina Solar, said that the procurement of more than 1.2 billion units of 210mm monocrystal silicon wafers will provide a strong guarantee to implement the capacity planning of Trina Solar's 210mm PV cells and modules, and to supply the offerings of Vertex ultra-high-power modules, meeting more customer demands for ultra-high-power modules in a timely manner. In this way, Trina Solar will be better positioned to create greater value for their customers. The photovoltaic industry has entered the 600W+ era with the technology further iterating and developing at an accelerated speed. Module design has always centered around the premise of improving system efficiency and reducing the cost of electricity generated per kilowatt hour. Additionally, module design thinking also necessitates breakthrough innovation, which is not only based on existing capacity and technology updates, but also on revolutionary application of new silicon wafer and battery technologies. Collaborative innovation between companies is needed to completely connect core areas such as R&D, manufacturing and application, so that the industrialization and marketization of modules can be accomplished more rapidly to generate profit and value for end customers. This is an inevitable trend in the progressive development of the industry.
Zhonghuan is a Chinese high-tech enterprise in the semiconductor energy-saving and new energy industry. It is also one of the manufacturers with the most complete range of monocrystal silicon products. The general manager, Shen Haoping, said, "Zhonghuan is in pursuit of long-term steady development, maintaining competitiveness in segment markets and achieving long-term success. The company upholds the professional spirit of serving customers and focusing on main businesses, attaching great importance to quality control. We look forward to achieving synergetic development with upstream and downstream enterprises in the photovoltaic industry chain, creating breakthroughs in areas such as manufacturing methods and technological innovation."
Companies from all segments in the industrial chain are working toward a common goal, which is to promote the cost reduction of photovoltaic systems and electricity generated per kilowatt hour, and to continuously drive down the feed-in tariff. Together with Zhonghuan in the future, Trina Solar will further strengthen technical exchanges and cooperation, conduct corresponding technical research and product development, drive technological innovation in the photovoltaic industry, and expand the influence and application of advanced technologies in the photovoltaic industry to bring about a broader value-added space to the industry in the aim of jointly promoting the development of global new energy industry.
About Trina Solar
Founded in 1997, Trina Solar is the world leading PV and smart energy total solution provider. The company engages in PV products R&D, manufacture and sales; PV projects development, EPC, O&M; smart micro-grid and multi-energy complementary systems development and sales, as well as energy cloud-platform operation. In 2018, Trina Solar launched Energy IoT brand, established the Trina Energy IoT Industrial Development Alliance together with leading enterprises and research institutes in China and around the world, and founded the New Energy IoT Industrial Innovation Center. With these actions, Trina Solar is committed to working with its partners to build the energy IoT ecosystem and develop an innovation platform to explore New Energy IoT, as it strives to be a leader in global intelligent energy. For more information, please visit www.trinasolar.com.
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SOURCE Trina Solar