Delta,
Kelowna, BC –March 12, 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/03121POT-WKULF-CANA-CNNXF-LIHT-LIHTF-CHOO-CHOOF.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 Weekend Unlimited Inc. (CSE: POT) (OTCQB: WKULF), CANNAMERICA BRANDS CORP. (CSE: CANA) (OTCQB: CNNXF), Liht Cannabis Corp. (CSE:
LIHT) (OTCQX:
LIHTF) and Choom™ (CSE:
CHOO) (OTCQB:
CHOOF).
But
first, The Ontario Craft Beer Festival today announced its intention to include cannabis into its
annual celebration of Craft Beer through a collaboration with Kensington Market
mainstay HotBox Cafe. Attended by over 10,000 people from across North America,
this event will make history as the first time a legal cannabis
"consumption" patio is made accessible at a provincial event.
"We want to offer people a place to
come down from the beer. You don't have to consume cannabis to experience our
creative, chill and vibrant POTio," said Abi Roach founder of HotBox
Holdings and owner/operator of HotBox Cafe. "We want to educate people on
what cannabis is and how to consume it safely, especially around alcohol."
"What better way to optimize on a
sensory experience than by adding some cannabis to the mix, and who better to
help us execute than Abi and the HotBox team?" said Tony Millar, founder
of Toronto's Craft Beer Festival. "Cannabis is finally legal across Canada
and we couldn't be prouder to celebrate it together."
"Since
our growth strategy is focused on product development and sales for
recreational cannabis use across USA, it is important for us to establish our
base in New York City for our team to accelerate business results," said
New York City-based Weekend President and CEO, Mr. Paul Chu. "Being
located in New York City gives us access to world-class talent across multiple
industries," added Mr. Chu.
Weekend
Unlimited's New York City office will serve as the company's global
headquarters. Currently housed in one of the City's most well-known
neighborhoods, SoHo, the office is surrounded by a mix of major retail chains,
high-end brand stores, art galleries and restaurants.
CANNAMERICA
BRANDS CORP. announced that it has entered into a binding letter
of intent to create a joint venture with Sericea Labs S.A. de C.V. and
CBDistribution Company Ltd. with the intention of building a facility in Mexico
for importing and warehousing licensed CBD products as well as CBD oils and
tinctures destined for refining.
When
and if permitted under Mexican laws, the Company, SERICEA and CBDC also plan on
acquiring, importing and cultivating industrial hemp biomass for extraction
into CBD isolate to be used for multiple product lines which utilize CBD.
Subject
to Board approval from the Company and completion of satisfactory due
diligence, the JV Parties intend to enter into a definitive joint venture
agreement on or before April 30, 2019.
"We are very pleased to enter the
Latin American region with our partners in Mexico. This marks an exciting step for
our brand's expansion in the international CBD marketplace," said Dan
Anglin, CEO and Co-Founder of CannAmerica. "Coupled with our partnership
in Europe, global
distribution of CannAmerica products is our key focus in 2019."
Liht Cannabis Corp. announced that
it has entered into an arm's length letter of intent dated March 11, 2019 with
Trackloop Analytics Corp. for the purpose of testing and implementing
Trackloop's technology in their Nevada cannabis operations. Trackloop's
real-time tracking software will be used by the Company, to monitor the
movement of all inventory throughout the supply chain, providing visual data
mapping of temperature monitoring, real-time records of pick up/drop off,
location tracking and full integration with existing inventory management and
other Enterprise Resource Planning (ERP) solutions.
An integral component to the legal
cannabis supply chain is the transporting of all cannabis products between
cultivator, producers and retailers. Liht is interested in onboarding this all
in one, real-time tracking and logistics solution because it addresses a key
pain point that exists in cannabis logistics, which is tracking and monitoring
the movement of product through the supply chain.
Choom™, an emerging adult and medical use
cannabis company that has secured one of the largest national retail networks
in Canada, announced that
it is entering the United States, starting with the state of New Jersey. Choom through its wholly owned US subsidiary,
Choom Holdings USA Inc., has signed a letter of intent to purchase an equity
interest in a New Jersey based medical retail dispensary applicant in New
Jersey's upcoming Request of Applications ("RFA") that also intends
to enter into recreational cannabis retail upon legalization, which is
anticipated in 2020.
The NJ Company is advancing on its retail
store strategy in New Jersey with the intention of receiving licenses to
operate the maximum allowable cannabis stores for medical and eventually adult
use when formally approved by the State.
With these licenses, the NJ Company intends to create a network of
branded stores using Choom's medical brand, Clarity Medical Centres, or Choom
for its recreational retail stores in the future. Choom will assist the NJ Company in this
highly regulated market for the buildout and operations of cannabis retail
stores. Choom will receive a royalty
from the NJ Company for the use of the Choom Brands. Choom's investment in the NJ Company includes
pro rata rights to maintain its equity interest on future financings.
"This is our first step into the
United States, and we are very excited for our partnership with this
experienced group to have the Choom Brands in New Jersey." states Chris
Bogart, President & CEO of Choom Holdings Inc. "New Jersey is home to over 9 million
people currently being served by only 12 cannabis operators in its medical
program. New Jersey is an exceptional market to expand the Choom Brands. We are very impressed with the progress they
have achieved to date, and with our expertise in cannabis retail, we are confident
we can help them successfully operate in the New Jersey market."
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