Investor Ideas #Potcasts: #Cannabis News and Stocks on the Move (TSX: $WEED.TO)
(NYSE: CGC), (CSE: $SLNG.C), (CSE: $LDS.C), (CSE: $BLIS.C)
Delta, Kelowna, BC –April
12th, 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 insights from thought leaders and
experts.
Listen to the podcast:
Read this in full
at https://www.investorideas.com/news/2019/cannabis-potcasts/04121WEED-CGC-SLNG-LDS-BLIS.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 experts and industry
leaders.
Today
we are looking at announcements from Canopy Growth Corporation (TSX: WEED) (NYSE: CGC), SLANG Worldwide
Inc. (CSE: SLNG), Lifestyle
Delivery Systems Inc. (CSE: LDS), (OTCQX: LDSYF) and Blissco
Cannabis Corp. (CSE: BLIS) (OTCQB: HSTRF).
But first, with a total of 33 states so
far approving medical marijuana, for the first time ever, the Kentucky
legislative panel has advanced
a medical marijuana bill.
The bill being forwarded in Kentucky has
been a while in the making and would allow doctors to prescribe marijuana to
treat certain medical conditions. The bill has now officially passed out of a
state legislative panel and still has a fair way to go yet, but this news is a
step in the right direction.
Canopy Growth Corporation today
announced that the Company is to join the
S&P/TSX 60 Index, achieving another public market "first" for the
cannabis industry.
"Being added to the S&P/TSX 60
Index marks another major accomplishment for our company, team, and
shareholders," said Bruce Linton, Founder, Chairman & Co-CEO. "First traded on the TSX Venture
Exchange on April 4, 2014, I cannot think of a better way to celebrate our 5th
year anniversary as a publicly traded company, than being added to the TSX's
large-cap index."
The addition of the Company to the
S&P/TSX 60 Index will be effective prior to the commencement of trading on
April 18, 2019.
SLANG Worldwide Inc., a global cannabis consumer packaged
goods company, today
announced that it has filed its financial results
for the fiscal year ended December 31, 2018.
The consolidated financial statements were prepared in accordance with
International Financial Reporting Standards ("IFRS"). All figures are
stated in Canadian dollars.
SLANG Worldwide CEO Peter Miller said,
"SLANG Worldwide's mission is to build a portfolio of leading cannabis
consumer products and an extensive distribution network to sell our products. In
2018, we laid the foundational building blocks with SLANG's acquisitions of
Organa Brands and Firefly, which were completed in January 2019. Today we are a
different company: SLANG is in a position of strength with a diverse portfolio
of high performing cannabis brands distributed in over 2,600 stores across 11
US states, Puerto Rico, Canada and Jamaica. We plan to leverage our brand,
distribution and partnership strengths and expect rapid growth and scale in the
months to come."
Lifestyle Delivery Systems Inc. announced that
its wholly-owned subsidiary, CSPA Group, Inc., entered into a Memorandum of
Understanding with MBioTeQ, LLC to supply a minimum of 120 liters of raw
distillate per month.
Pursuant to the MOU, CSPA Group, Inc.
will provide MBioTeQ with a minimum 120 liters of 85% THC raw distillate oil
per month. CSPA Group will be responsible for securing the biomass, testing the
distillate throughout the manufacturing process until it is ready for pick up
by MBioTeQ. The price per liter may vary
in the event of fluctuations in California's biomass inventory and prices of
raw material increase. This structure permits profitability in an uncertain
market.
Casey Fenwick, President of LDS, stated,
"This is a great starting point for CSPA and MBioTeQ. We have already started procuring biomass for
this contract and, once we have established a steady supply chain, it may pave
the way for several other projects CSPA can work on with MBioTeQ."
Blissco Cannabis Corp.,a Canadian wellness cannabis brand based
in British Columbia, a licensed processor, and producer of premium dried cannabis
and cannabis oil and a licensed distributor of dried cannabis products, announced that
it has signed a distribution and supply agreement with National Cannabis
Distribution. National Cannabis Distribution is a Canadian company that
distributes cannabis products and cannabis accessories with an initial
distribution network established in Saskatchewan. The supply agreement with
Blissco contains both whole dried flower and pre-rolled cannabis products with
the option to include oils, extracts, edibles and topicals in the future.
“Saskatchewan has a private wholesale and
private retail cannabis distribution model making it unique amongst Canadian
provinces. Blissco is delighted to partner with National Cannabis Distribution
as we are both aligned on the values of premium cannabis products, compliance
and social responsibility," said Damian Kettlewell, Blissco CEO. “We are
excited to make National Cannabis Distribution our partner in Saskatchewan for
two years. Initially, we will provide them Blissco’s whole dried flower and
pre-rolled cannabis products for distribution to their network of 15 stores in
Saskatchewan. Later in 2019, we look forward to providing National Cannabis
Distribution with Blissco’s full spectrum cannabis oil and extract products.”
Investor ideas reminds all listeners to read our disclaimers and
disclosures on the
Investorideas.com website and this podcast is not an endorsement
to buy products or services or securities. Investors are reminded all
investment involves risk and possible loss of investment
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