HIKU/DOJA Interview

Stockhouse recently had the pleasure of visiting the city of Kelowna, in the beautiful BC Okanogan, and checking in with DOJA Cannabis Co. ( now Hiku Brands – HIKU.C )

On January 30, 2018, DOJA Cannabis announced the successful completion of the merger with Tokyo Smoke creating Hiku Brands Company Ltd., Canada's first premium cannabis brand house with vertically integrated operations.

In the interview with Justin Meiklem of Stockhouse, Trent Kitsch, President of HIKU, (CEO of the former DOJA entity), provides some insight into the opportunities on the horizon for the exploding Cannabis industry and how the company is differentiating itself as the only Canadian craft cannabis producer with a significant national retail footprint and a growing portfolio of premium cannabis lifestyle brands, including DOJA, Tokyo Smoke and Van Der Pop.  

Highlights of Hiku

• Portfolio of iconic cannabis brands and retail dispensing stores:
  • A tailored assortment of adult-use, premium cannabis products will be retailed under each brand across Canada
  • Priority on retail expansion in provinces allowing private cannabis retail, with plans to open Dispensing Stores in 2018.
• Handcrafted cannabis, licenced ACMPR production
  • Hiku's premium cannabis is grown in BC's Okanagan Valley. Hiku prides itself on taking a handcrafted artisanal approach to trimming and curing, aimed at producing the finest cannabis.
  • Annual licensed production capacity of 660 kgs per year in two wholly owned production facilities in the Okanogan, BC,  expected to increase organically to over 5,000 kgs per year by the end 2018
• Secured supply agreements:
  • Ground-breaking supply partnerships with Aphria Inc. ("Aphria") (TSX: APH) (OTCQB: APHQF) and WeedMD Inc. (TSXV: WMD) ("WeedMD") ensure Hiku's brands will be able to scale in 2018 and beyond. These partnerships bring unparalleled experience in cannabis production and ensure secured supply for what is expected to be a supply-constrained market at the onset of legalization
• Strong financial position:
  • A strategic financing of $12.5 million led by Aphria bolsters Hiku's cash position to approximately $32.6 million

 

With a robust pipeline of growth opportunities and a management team that has breadth and depth of expertise, with a proven track record of building and scaling businesses, Hiku will look to make strategic investments and acquisitions to grow its brand portfolio, retail footprint, and scale production capacity.

Listen to the interview now, and look forward to our Video Tour of the DOJA Production Facility – Coming Soon to Stockhouse.com!