Investor Ideas #Potcasts #Cannabis News and Stocks on
the Move: Cannvas MedTech (CSE: $MTEC.C) (OTCPK: $CANVF), The Supreme Cannabis
Company, Inc. (TSX: $FIRE.TO) (OTCQX: $SPRWF) and Cronos Group (NASDAQ: $CRON)
(TSX: $CRON.TO)
Delta,
Kelowna, BC –March 8, 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/03081MTEC-CANVF-FIRE-SPRWF-CRON.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 Cannvas MedTech Inc. (CSE: MTEC) (OTCPK: CANVF), The Supreme Cannabis Company, Inc. (TSX: FIRE) (OTCQX: SPRWF) and Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON).
Cannvas
MedTech Inc., a leading digital cannabis education and analytics company, and
Ellementa, Inc., the fastest-growing global women's network focused on health,
wellness, and cannabis, announced a partnership leveraging each
organization's educational content and data collection to better serve women
across North America interested in the potential health benefits of cannabis.
With 35% of women consumers using cannabis for medical reasons, Cannvas.Me data
shows health and wellness issues are primary reasons why women explore cannabis
as an alternative treatment.
"Women
report higher rates of conditions potentially alleviated by cannabis - such as
pain management, stress and anxiety - strengthening the need for targeted
education focused on women's issues and cannabis," said Shawn Moniz, Chief
Executive Officer, Cannvas MedTech. "Ellementa has established itself as
the leading cannabis network for women across the United States and Canada and
we look forward to sharing our resources to deliver targeted cannabis education
while combining data assets to paint a clearer picture of cannabis consumption
among women."
The
partnership between Cannvas and Ellementa position the companies to delve
deeper into data collected on their respective audiences to better understand
and serve North American women who are exploring cannabis as a health and
wellness option. Women are among the fastest-growing customer segments in the
cannabis industry, accounting for approximately 31% of the U.S. market. In
Canada, according to Cannvas.Me, more women than men are trying cannabis for
the first time, nearly half of whom report exploring cannabis as a medical or
therapeutic treatment.
The
Supreme Cannabis Company, Inc. today announced that the Company has
appointed Mr. Nikhil Handa as the Company's new Chief Financial Officer.
Current Chief Financial Officer, Dimitre Naoumov, will become the Company's
Vice President, Finance.
As
the Company continues to grow and execute on its business plan, Supreme
Cannabis is realigning the leadership of its finance department to further
accelerate its international and domestic growth initiatives. Mr. Handa, as
CFO, will be responsible for the stewardship of Supreme Cannabis' finance
department, with an emphasis on capital allocation planning, M&A, and
transactional execution as the Company focuses on expanding operations and
distribution of its premium cannabis products domestically and internationally.
Mr.
Handa joins Supreme Cannabis with considerable cross-sector capital markets
experience. Most recently he was the VP of Finance at Well.ca, a leading online
destination for health, wellness, beauty and baby products. In that role he led
the finance function, provided leadership across various aspects of operations
and drove key strategic initiatives including the sale of Well.ca to McKesson
Canada. Over the course of his career, Mr. Handa also held a variety of senior
finance and operational roles at Restaurant Brands International, the fast food
holding company created by the merger of Burger King and Tim Hortons and
majority owned by 3G Capital. Additionally, he was a key member of the mergers
and acquisition group of RBC Capital Markets.
Cronos
Group Inc. today announced that the C$2.4 billion equity investment
in the Company by Altria Group, Inc. (NYSE: MO) has closed. As previously announced,
Altria’s investment represents an approximate 45% ownership interest in Cronos
Group. Altria also has a warrant to acquire additional ownership in Cronos
Group, which is exercisable over the next four years. If exercised in full
today, the warrant would increase Altria’s ownership in Cronos Group to
approximately 55% and provide Cronos Group with additional proceeds of
approximately C$1.4 billion.
“We
are delighted to close this transaction and kick-off a relationship that we
expect to lead to significant growth and value creation,” said Mike Gorenstein,
Cronos Group’s Chairman, President and Chief Executive Officer. “Altria’s
investment and the services they will provide to Cronos Group will enhance our
financial resources, and allow us to expand our product development and
commercialization capabilities, and regulatory expertise to better position
Cronos Group to compete, scale and lead the rapidly growing global cannabis
industry. We look forward to the many opportunities we expect this relationship
to create.”
“We’re
excited to finalize our investment in Cronos Group and to support their
talented team,” said Howard Willard, Altria’s Chairman and Chief Executive
Officer. “Cronos Group is our exclusive partner in the emerging global cannabis
category and represents an exciting new growth opportunity for Altria.”
Investor ideas reminds all
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