Investor Ideas #Potcasts #Cannabis News and Stocks on
the Move: Fire & Flower (TSXV: $FAF.V), Cannara Biotech (CSE: $LOVE.C),
Cannabis Growth Opportunity (CSE: $CGOC.C), Vireo Health (CSE: $VREO.C) and SOL
Global (CSE: $SOL.C)
Delta,
Kelowna, BC –March 26, 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/03261FAF-LOVE-CGOC-VREO-SOL.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 Fire & Flower Holdings Corp. (TSXV:
FAF), Cannara Biotech Inc. (CSE:
LOVE), Cannabis Growth Opportunity
Corporation (CSE:
CGOC), Vireo Health (CSE:VREO) and
SOL Global Investments Corp. (CSE:
SOL) (OTCQB:
SOLCF).
Fire & Flower Holdings Corp. today
announced successful first month operations of its
cannabis Click & Collect service.
The Click & Collect service allows
age-verified adult-use cannabis consumers to reserve cannabis and accessory
products for pickup at stores across the provinces of Alberta and Saskatchewan.
The service was launched as part of the Company's mission to curate the world
of cannabis for its customers who seek a more convenient and informative buying
experience. Certain cannabis products sell out rapidly, and the Click &
Collect service ensures customers are able to reserve high-demand products and
receive priority service when visiting a store.
"The Click & Collect service has
been adopted very favourably, particularly by our loyal customers using mobile
devices," shared Trevor Fencott, Fire & Flower's Chief Executive
Officer. "We are seeing rapid and continuous growth in use of our Click
& Collect service across the entire Fire & Flower retail network."
The service was developed by HiFyre Inc.,
Fire & Flower's digital product studio that was acquired by the Company in
July of 2018. HiFyre Inc. has significant cannabis e-commerce experience
including work for Mettrum Health Corp., Starseed Medicinal Inc. and Canopy
Growth Corporation.
Cannara Biotech Inc., an emerging
vertically integrated cannabis company focused on cultivation and
cannabis-infused products, today
announced its subsidiary Global shopCBD.com Inc.
("shopCBD.com") has closed
private rounds of financing for aggregate proceeds of $8,865,849.15. Cannara remains the majority shareholder of
the U.S. based online e-commerce platform with an approximately 61% ownership
position.
"As the hemp CBD consumer markets
continue to evolve, what is increasingly clear is the health and wellness
segment is becoming more prominent," said Zohar Krivorot, President and
CEO of Global shopCBD.com. "The high level of investor interest in
participating in shopCBD.com underscores the potential of both CBD products
overall and moreover, a best-in-class online platform to serve this
market."
Cannabis Growth Opportunity Corporation,
a cannabis focused investment corporation with both public and private cannabis
holdings,
reported that Vireo Health International Inc.,
one of the private portfolio holdings commenced trading on the Canadian
Securities Exchange , under the symbol "VREO", on March 20, 2019, at an opening price of $5.65. In
conjunction with its previously announced business combination with Darien
Business Development Corp, Vireo raised over US$50 million by way of brokered
and non-brokered private placement offerings.
Vireo is a physician-founded and
scientifically-focused multi-state medical cannabis company. CEO Dr. Kyle
Kingsley founded the Company in 2014 after winning one of only two vertical
licenses issued by the state of Minnesota. The Company has gone on to expand
its business across multiple states, focusing its efforts on limited license
medical states. Vireo has a successful
track record of winning licenses in competitive application processes.
Jamie Blundell, President and Chief
Operating Officer of CGOC commented, "Vireo
has proven to be a committed and dedicated company, who have achieved their
goals and objectives as stated. We expect significant upside within the company
as they continue to expand their reach across the US.
"Our investment in Vireo has
provided a return of 188% in nine months and is a great example of how our
private investments can quickly add value to CGOC. This will positively impact
our NAV when calculated in April. At the current share price, CGOC represents a
unique and vastly discounted opportunity to benefit from the continued success
within this sector."
SOL Global Investments Corp. announced its
investment in leading premium soda-maker Jones Soda Co. (OTCQB:
JSDA).
SOL Global has acquired 3,396,049 common
shares of Jones Soda in the open market. SOL Global's total investment
represents approximately 8.19% of the total issued and outstanding common
shares of Jones Soda which, based on publicly available information, makes it
the company's largest stockholder. SOL Global has filed a Schedule 13D with the
United States Securities and Exchange Commission describing its investment in
Jones Soda.
The Seattle-based Jones Soda Co., founded
in 1986, is known for its wide variety of flavored craft sodas, made with pure
cane sugar and other high-quality ingredients. The company's most recent
product launch, Jones Ginger Beer - as well as two new sugar-free soda flavors
- join its core brands including its Jones Soda product line, Jones Carbonated
Candy, and Lemoncocco, a premium non-carbonated drink made with high-quality
lemon and coconut flavors. Jones Soda is sold in eye-catching glass bottles and
cans and in fountains at restaurants and is distributed throughout North
America. The company continues to innovate its core brands as demand for
healthier sodas that contain high-quality ingredients grows and has also
redeveloped the majority of its product line using colors derived from natural
sources.
"Jones Soda has an iconic, retro
brand in the Soda Bottle and Fountain Beverage sector, and we believe the
company's true value will be recognized by the market as its new offerings gain
steam," said SOL Global Chief Investment Officer Andy DeFrancesco.
"It is clear that Jones Soda is committed to being on the front lines of
innovative product development, while staying true to their iconic brand."
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