Investor Ideas #Potcasts #Cannabis News and Stocks on
the Move: Village Farms International (TSX: $VFF.TO) (NASDAQ: $VFF), The Green
Organic Dutchman (TSX: $TGOD.TO) (OTC: $TGODF), Valens. (CSE: $VGW.C) (OTC: $VGWCF),
Aurora Cannabis (NYSE: $ACB) (TSX: $ACB.TO) The Supreme Cannabis (TSX: $FIRE.TO) (OTCQX: $SPRWF)
Delta,
Kelowna, BC –March 11, 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.
Listen to the podcast:
Read
this in full at https://www.investorideas.com/news/2019/cannabis-potcasts/03111VFF-TGOD-TGODF-VGW-VGWCF-ACB-FIRE-SPRWF.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 Village Farms International, Inc. (TSX:VFF) (NASDAQ: VFF), The Green Organic Dutchman Holdings Ltd.
(TSX:TGOD) (OTC:TGODF), Valens GroWorks Corp. (CSE: VGW) (OTC: VGWCF), Aurora Cannabis Inc. (NYSE: ACB) (TSX: ACB) and The Supreme Cannabis Company, Inc. (TSX: FIRE) (OTCQX: SPRWF).
Village
Farms International, Inc. today announced that its 50%-owned joint venture for
large-scale, low-cost, high-quality cannabis production, Pure Sunfarms,
received from Health Canada the seventh amendment to the cultivation license
for its 1.1 million square foot greenhouse in Delta, BC (the "Delta 3
Facility"). This amendment permits Pure Sunfarms to expand its cannabis
production area by approximately 206,000 square feet to a total of
approximately 1.03 million square feet (16 grow rooms). With this amendment, the entire growing area
at Pure Sunfarms' greenhouse is now licensed for cultivation. The newly licensed area is expected to be
planted by the end of March 2019.
Village
Farms also announced that Pure Sunfarms has, as planned, commenced re-planting
of Quadrant 1 of its greenhouse following the planned suspension of production
last autumn to install the infrastructure for supplemental lighting to maximize
yields in the winter months. The Company
expects Quadrant 1 to be fully planted by the end of April 2019, at which time
Pure Sunfarms will be in production on the entire 1.03 million square feet of
growing area at its facility, making it one of the largest fully operational
cannabis production facilities in the world.
Pure Sunfarms continues to expect to achieve full run rate annual
production for its 1.1 million square foot greenhouse facility of 75,000
kilograms by mid-2019.
"It
is a monumental achievement for Pure Sunfarms to complete its cultivation
licensing of more than 1 million square feet and, very shortly, be in full
commercial production – just over a year from receiving initial approval from
Health Canada to begin growing," said Michael DeGiglio, Chief Executive
Officer, Village Farms. "Pure Sunfarms has rapidly become one of the
largest cannabis operations in Canada and is establishing itself as a reliable,
large-scale supplier of quality, safe cannabis products to the Canadian market
which continues to be challenged by a shortage of supply. With thousands of kilograms harvested, the
Pure Sunfarms facility continues to perform well, with yield and quality of the
product continuing to meet or exceed our expectations, and the team continues
to execute on plan."
The
Green Organic Dutchman Holdings Ltd. announced that it has entered into a multi-year
extraction services contract with Valens GroWorks Corp.
Valens
is a licenced provider of cannabis products and services specializing in
various proprietary extraction, distillation, cannabinoid isolation and
purification technologies. Partnering with Valens will accelerate TGOD's
Canadian hemp strategy and allow for early market entry of TGOD's organic
hemp-derived CBD product lines within the coming months.
Under
the terms of the initial 2-year agreement, Valens will process, extract and
purify TGOD's cannabis and hemp biomass under conditions specified by TGOD as
demanded by final product manufacturing and formulation requirements. TGOD will
supply Valens with significant quantities of cannabis and hemp and Valens will
provide extraction purification services processing the cannabis and hemp into
premium quality resins and distillates. TGOD intends to use the concentrated
cannabinoid resins and distillates to produce oils, sprays and capsules as well
as oils for vaporization and future edible, beverage and topical products.
TGOD
has been working closely with Valens to help expedite the pathway to organic
certification for Valens organic processing methodologies. Upon certification,
TGOD will have exclusive access to services provided by Valens for certified
organic extraction processing for a period of 1 year.
The
demand for non-intoxicating hemp-derived CBD products has been strong and
supported through significant patient and consumer research. Being first to
market in Canada with organically certified hemp-derived CBD products allows
TGOD to capture organic CBD market share securing future growth in this newly
legalized cannabinoid vertical.
"The
ability to partner with skilled and specialized extraction operators such as
Valens will add significant bench strength to TGOD's already robust extraction
capabilities in Canada, Poland and Jamaica. We believe the importance of
high-quality cannabis oils will continue to greatly increase as patients and
consumers look for safer and healthier delivery methods."
Aurora
Cannabis Inc. today announced that it has commenced sales of cannabis
oils to German pharmacies following receipt of all necessary approvals from the
Canadian and German regulatory authorities. Pedanios 5/1 drops have become the
first extract derived oil product compliant with the German monograph for
in-pharmacy preparation.
Aurora
is the medical cannabis market leader in Germany. The Company has supplied the
German market with dried cannabis flower via Aurora Deutschland (formerly
Pedanios) since December 2015, and with Canadian-grown Aurora products since
September 2017. Aurora has established a strong brand as a trusted supplier
among prescribing physicians, dispensing pharmacies, and German patients. As one of few companies able to sell oils in
this rapidly growing market, Aurora is well positioned to establish brand
leadership in the European derivatives market.
"Having
established early mover advantage in selling cannabis oils in Germany, we are
exceptionally positioned to extend our market leadership and accelerate growth
of our European operations," said Neil Belot, Chief Global Business
Development Officer. "As our global production capacity continues to ramp
up, we are able to strategically allocate more product from our EU GMP
certified cultivation facilities to this higher margin market that continues to
be significantly undersupplied."
The Supreme Cannabis Company, Inc. today announced that the Company has signed a
letter of intent with Malta Enterprises, the economic development agency of
Malta.
The
LOI is the first step of Supreme Cannabis' application for a Cannabis
Production License in Malta. Such License would allow the Company to produce and
process cannabis for medical use within Malta, one of Europe's principal
commercial entry points, and to export cannabis for medical use to certain
international markets. If approved, Supreme Cannabis intends to produce
products containing EU GMP quality cannabis oil and pursue regulated medical
cannabis distribution opportunities in the European Union.
"We're
pleased to announce that we have secured a letter of intent from Malta
Enterprises, taking another step forward in our global growth strategy. Malta
is not only a strategic hub for Europe, it is also home to robust existing
pharmaceutical and nutraceutical manufacturing industries with a deep pool of
expertise," said Navdeep Dhaliwal, CEO of The Supreme Cannabis Company.
"Using the intellectual property and expertise we've gained in Canada, we
intend to deliver high-quality cannabis products to medical patients in
multiple international markets."
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