Raising Cannabis Capital 0097: Blissco

Blissco is a Canadian producer of medical and recreational cannabis.  On the show their CEO Damian Kettlewell speaks to Dan Humiston about being a licensed producer in the first G7 country to legalize adult-use marijuana.   Building a cannabis company, that is publicly traded on the Canadian Security Exchange, the OTCQB and the Frankfurt stock exchange, took time but with the completion of their first sale to the British Columbian government the sky is now the limit. 

Produced By MJBulls Media

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Dan Humiston:
Today's show and the following message are brought to you by Trevett Hill cannabis investors expect big returns from the companies that they invest in. Unfortunately not all cannabis investments succeed. Trevitt hills management team works with investors to help turnaround or in some cases purchased their underperforming portfolio companies to learn more go to Trevetthill.com .

Damian Kettlewell:
By the end of May well they'll be up to five million Canadian adults approximately to be able to buy our product for sale for sale right now in B.C.. Then we're shipping to Alberta and then we'll be shipping to New Brunswick and recipient just graduated may as well. And we're submitted in to be listed in Ontario and Quebec as well. So yeah it's really exciting time and you know we're basically sold out of our product for the year.

Dan Humiston:
It's the MJBulls podcast a show about raising cannabis capital. I'm Dan Humiston. And on today's show how this publicly traded Canadian license producer is expanding their brand throughout Canada's legal cannabis market.

Dan Humiston:
The raising cannabis capital series we are joined by Damian Kettlewell the CEO of Blicco. Damian welcome to the MJBulls podcast.

Damian Kettlewell:
Oh thank you very much. Dan thank you for having me on and hello to your listeners.

Dan Humiston:
Blissco is a Canadian wellness cannabis brand. You're based in Vancouver British Columbia and you're a multi licensed processor or as you would say processor an extractor a distributor of cannabis for both the medical and nonmedical canvas markets. First off congratulations and your company's success and also your country's success. A first major country make adult use LEGAL.

Damian Kettlewell:
Yeah I know thank you very much Dan and it's an exciting time and history and candidates were around just over six months legalization here the first G7 country to legalize cannabis for adult use. California got the ball rolling in 1996 on the medical side and then being in Canada we legalized medical cannabis in 2001 and now things have really changed of course since legalization. So we're a multi license operator from Vancouver B.C. and we're really focused on the whole flower and want to ensure that our customers and our medical patients reap the benefits of the hundred ten plus cannabinoids that have been identified now. So Blasko is very much focused on being true to the plant and ensuring that the users receive all the full benefits of the whole flower and along that line we're very much focused on premium products. We're very much a processor focused on adding value add oil and that currently we're doing pretty rolls as well and we get our oil production license in August. And so we have supply agreements from the supreme cannabis company that owns 10 percent of our company and our Greenfield cannabis which is another licensed user from Ontario. And so really actually it's pretty exciting. In the last month we've started to receive feedback that consumers in British Columbia we've delivered two and soon to be three purchase orders to the B.C.

Damian Kettlewell:
government. We're selling three and a half gram of dried flowers and we're selling half brown payrolls in single double packs and receiving some really strong feedback on the quality of the product and the experience and the taste of the flavor. So that's fantastic as well and finally on on the brand side political story we're very much focused on arguably how the Canada's most sustainable packaging of any license boost are out there right now and we're only raising the bar on that front. Currently our pre rolled pouches are compostable and we're now going to be shipping shortly of dry powder containers for three and a half or seven grams. The bottom two thirds of it is made from recycled milkshakes. So the carpet for prints has definitely lessened and we're really excited. We've got 50000 pre rolled tubes in our facility right now for the fourth from the 5th and the sexual orders going out these tubes are made from ocean plastic waste. We have six months of inclusive in Canada to distribute these. We're very proud to be launching this season so that the political story and really exciting time. So really it's great to be on your show.

Dan Humiston:
Yeah I mean there's a lot there's so much going on with your company but I think a lot of people especially in the states are kind of under this misconception that as soon as Canada pass the law all these companies just were born but bliss goes not an overnight success. You've been around for a while. How did you get started and where are you at this point.

Damian Kettlewell:
Yeah I founded the company in October 2013. We submitted our application to be a medical license crucial to Health Canada in June 2014. We went through the licensing process and self financed at my ourselves for three and half years. My wife and I we are very proud and excited to get licensed in March 2018. We started trading on March 2nd 2013 on the CSC and we got license on March 29 it's been a long road and bridge thing is coming to work these days coming to walk in the doors and we have accounts receivable that provincial authorities there pay us either in 30 or 60 days as the banks like it when we're selling to government authority we know they're going to pay their bills.

Dan Humiston:
Yeah especially after five years of get everything into place it's gonna be great to start having health care and you're just scratching the surface. You just started with B.S. you're all set to go with a bunch of the other provinces as well.

Damian Kettlewell:
Absolutely. By the end of May Well there'll be up to five million Canadian adults approximately to be able to buy our product for sale for sale right now and B.C. then we're shipping to Alberta and then we'll be shipping to New Brunswick and be super to Saskatchewan in May as well. And we're submitted in to be listed in Ontario and Quebec as well. So yeah it's really exciting time and you know we're basically sold out of our product for the year. Well if he tells you this by the end of this month projecting to ship or merely units but at the same time we've got a very strong brand that we're developing this focus on premium product that's focused on whole flower and this focused on having that's be the leading Canadian licensed producer in regards to sustainable packaging.

Dan Humiston:
I want to take a minute to remind all of our listeners about a new podcast produced by MJBulls media appearances a weekly show about the company's products and entrepreneurs who are using this amazing plant to create and improve the products we use every day. You can listen to hemp barons every Tuesday an Apple II iTunes Stitcher Spotify or wherever you get your podcast from.

Dan Humiston:
Over the next 18 months tell us what we should expect from blissco.

Damian Kettlewell:
Yeah the next two months is going to be focused on execution. Being a consumer packaged goods company fulfilling our orders to the provinces and really we're going to be transitioning to be exclusively oil focused. Currently have the capacity to manufacture a few hundred thousand of these 30 billion cannabis oil bottles. And right now we're in the midst of setting up our ethanol extraction lab that'll take us to over 10 million bottles a year. Look at a retail for between 60 dollars up to 100 dollars. Well we'll be wholesaling for you know 25 percent below that. So the opportunity for revenue growth is very much a blue sky here.

Dan Humiston:
I think that's smart. You mentioned earlier that you're a publicly traded company. You tell our listeners both in United States and in Canada if they're interested in learning more about your company what are the stock symbols were can they look for this information.

Dan Humiston:
Absolutely.

Dan Humiston:
Okay. We already have all of the Damien's information and blissco goes information including their stock information on the MJBulls website so if anybody's interested I think they're starting to make sales. So now there's no reason to wait now because this is this is happening.

Dan Humiston:
Damien thanks for being on the show this is really exciting time for for all of us but a very exciting time for you. Yeah.

Damian Kettlewell:
Thank you very much for having me on down and really early gauging yours and many books want to follow up on a follow up conversation before they make their investment please reach out to us and we look forward to speaking with you.

Dan Humiston:
Hopefully we can have you back on the show on a few months have conquered all of Canada.

Damian Kettlewell:
Thank you very much. And look forward to chatting with you again.

Dan Humiston:
Just a quick reminder that you can become an MJbulls member for just four dollars and ninety nine cents per month and enjoy exclusive access to companies pitch decks and the MJbulls cannabis capital directory joined today at MJbulls.com.

Dan Humiston:
Thanks for listening to the MJBulls podcast. To learn more about today's guests or to become a guest. Visit our Web site at MJBulls dot com. Today's show is produced by MJ bulls media with original music composed by Jamie Humiston.

Dan Humiston:
I'm Dan Humiston and you've been listening to Bjbulls podcast.

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