Investor Ideas #Potcasts #Cannabis News and Stocks on the Move: The Flowr Corporation (TSXV: $FLWR.V) (OTC: $FLWPF), Village Farms International, Inc. (TSX: $VFF.TO) (OTC: $VFFIF) and Canopy Growth (TSX: $WEED.TO) (NYSE: $CGC)
Delta, Kelowna, BC –March 1, 2019 (Investorideas.com Newswire) www.Investorideas.com, a global news source covering leading sectors including marijuana and hemp stocks and its potcast site, www.potcasts.ca release today’s edition of Investorideas.com potcastsCM - cannabis news and stocks to watch plus insight from thought leaders and experts.
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Read this in full at https://www.investorideas.com/news/2019/cannabis-potcasts/03011FLWR-FLWPF-VFF-VFFIF-WEED-CGC.asp
Today’s podcast overview/transcript:
Good afternoon and welcome to another Investorideas.com “potcast”, looking at cannabis news, stocks to watch as well as insights from thought leaders and experts.
Today we are looking at announcements from The Flowr Corporation (TSXV: FLWR) (OTC: FLWPF), Village Farms International, Inc. (TSX:VFF) (OTC: VFFIF) and Canopy Growth (TSX: WEED) (NYSE: CGC).
But first, with more than 300,0001 Canadians choosing cannabis for medical treatment and that number only expected to grow, Great-West Life announced today it has expanded its coverage of medical cannabis, including a new agreement with Shoppers Drug Mart Inc. to deliver its Medical Cannabis Coaching Program.Great-West Life is a leading Canadian insurer, focused on improving the financial, physical and mental well-being of Canadians.
"We've expanded our optional medical cannabis coverage to our Pay-Direct Drug plans which represent the vast majority of all of our drug plans, to help the financial, physical and mental well-being of Canadians," says Bobby Currie, Pharmacist and Manager of Drug Strategy for Great-West Life, noting the insurer has offered medical cannabis coverage through healthcare spending accounts since 2009.
"Participating plan sponsors will now be better able to support their plan members who are prescribed medical cannabis for conditions relating to multiple sclerosis, cancer, HIV or AIDS, or symptoms related to palliative care, and their plan members will be directed to Shoppers Drug Mart Inc.'s Medical Cannabis Coaching Program, delivered through its Ontario-based call centre, to help them navigate strain selection and administration," she adds.
Since medical cannabis is not available in retail pharmacies, Currie says the program will coordinate delivery to the plan member's home and offer case management support via check-ins, counselling, education and support by phone and e-mail.
The expansion also allows for eligible plan members in Ontario to have their claim submitted by the Medical Cannabis Coaching Program using their Pay-Direct Drug cards.
"By processing claims through a Pay-Direct Drug card, we can offer our plan members the convenience of immediate reimbursement and the most advanced claim adjudication standards in the industry," Currie says.
Great-West Life has set rigorous and comprehensive access controls to help ensure plans remain sustainable, including pre-determined conditions, a range of annual maximums capped at $5,000, coverage criteria and eligibility guidelines to help ensure appropriate use.
The Flowr Corporation, a Canadian Licensed Producer of premium cannabis products, today announced the hiring of celebrated Canadian Chef Ryan Reed to develop signature edible cannabis products for the Flowr brand. Chef Reed, a past winner of Iron Chef and Chopped and Victoria's 2011 Chef of the Year, will collaborate closely with Flowr's R&D Team to research and develop high-quality edibles. Like the brand's existing product, it is the Company's intention to target the needs of a premium client with this new line. Flowr expects that customers will be able to purchase these unique, gourmet products once launched following the anticipated legalization of edibles and infused products in Q4 2019.
"The hiring of Chef Reed complements Flowr's already significant investment in research and development," said Tom Flow, Flowr's Co-CEO. "This includes our dedicated, state-of-the-art cannabis R&D facility, a North American first, our exclusive partnership with Hawthorne Gardening Company, a subsidiary of The Scotts Company, a world leader in lawn and garden products, and the recent hiring of Deron Caplan, North America's First Cannabis Cultivation Ph.D.," said Flow.
Village Farms International, Inc. announced that it has entered into an agreement with Nature Crisp LLC to form a joint venture for the outdoor cultivation of high-CBD hemp and CBD extraction in multiple states throughout the United States.
The joint venture, Village Fields Hemp , will be 65% owned by Village Farms and 35% owned by Nature Crisp. Nature Crisp is a private, Georgia-based farming operation and part of the Jennings agricultural group of companies, which grows a diverse range of food and other crops, including hemp, on more than 6,000 acres in the U.S. and Canada.
"Jennings Group is a pioneer in hemp cultivation and this joint venture establishes a new powerhouse in hemp cultivation that significantly advances Village Farms' vertically integrated CBD strategy," said Michael DeGiglio, Chief Executive Officer, Village Farms. "As 10th generation farmers since Gideon (Zanini) Jennings immigrated to South Carolina in 1736, Jennings Group brings deep knowledge in large-scale field agriculture across a vast array of crops, with a proven track record of genetic optimization and innovation. Over the past several years, they have rapidly become a leading authority on hemp cultivation, renowned for their understanding of the plant and their success applying their cultural and genetic expertise to meaningfully improve CBD content and yield. Moreover, the Jennings Group team brings extensive relationships with the farming community across the U.S., as well as with geneticists, academics and researchers, that will be invaluable to the success of this new business."
NEEKA Healthcare Canada and Canopy Growth announced a press conference to unveil their new transformative clinical research initiative in partnership with the NHL Alumni Association, a passionate advocate for improving the health and quality of life for all former NHL players.
There will be a press conference featuring Glenn Healy, Executive Director with the NHLAA and former NHL player, Dr. Amin Kassam from NEEKA Healthcare Canada, and from Canopy Growth, Dr. Mark Ware, Chief Medical Officer and Hilary Black, Chief Advocacy Officer. Additional former NHL players will also be in attendance. The conference will be held tomorrow on March 2, 2019 at 2:45 p.m. EST.
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