Investor Ideas #Potcasts: #Cannabis News and #Stocks on the Move (CSE:
$NTAR.C) (TSX: $FIRE.TO) (CSE: $BLIS.C) (CSE: $TRUL.C)
Delta, Kelowna, BC –May 16,
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/05161NTAR-FIRE-BLIS-TRUL.asp
Today’s podcast overview/transcript:
Good
afternoon and welcome to another episode of Investorideas.com “potcasts”,
looking at cannabis news, stocks to watch as well as insights from thought
leaders and experts.
In
today’s podcast I look at a few of the day’s earlier announcements.
But
first, today the Texas State Senate passed by a
unanimous vote, House Bill 1325 ("HB 1325" or "the Bill")
which is a bi-partisan bill that, if passed into law, will establish a Texas
Hemp Program, providing a regulatory and licensing framework for the
cultivation and processing of hemp, as well as for products made from hemp,
including cannabidiol (CBD). On April
24, 2019, HB 1325 was unanimously passed by the Texas State House of
Representatives.
As
per normal legislative procedure, HB 1325 will now return to the House of
Representatives for consideration of the Senate's amendments to the Bill.
Should the House of Representatives not concur with the Senate's amendments,
the Bill will proceed to Conference Committee for resolution, and then proceed
to a final vote by both the House of Representatives and the Senate. Should the House of Representatives concur
with the Senate's amendments to the Bill, HB 1325 will become law as a result
of the super majority vote in both the House of Representative and the Senate,
subject to the June 16 deadline for the Governor to veto bills — a highly
unlikely proposition for a bill that passed both houses unanimously.
NexTech AR
Solutions(OTCQB:NEXCF)(CSE:NTAR) announced that it has entered into an agreement with
The
Wright Brothers USA
to ARitize™ several
items from its product line and explore sentiment measurement technology for
"Try It On" features. The Wright Brothers USA is the exclusive global
licensor for The Wright Brothers trademark, which is owned by The Wright
Brothers Family Foundation. NexTech will create 3D product models of The Wright
Brothers® merchandise and apparel through its web AR eCommerce platform.
NexTech
is converting several of The Wright Brothers products—a bicycle and a pair of
sunglasses—plus a pair of aviation goggles into high-fidelity 3D models to be
used on TWBUSA online stores. Customers will be able to view products in full
3D, with 360-degree rotation, as well as "try on" glasses and goggles
through AR technology before purchase. Additionally, TWBUSA will explore the
use of NexTech's sentiment analysis technology. When customers "try on"
aviation goggles using augmented reality, their reactions will be analyzed in
real-time, delivering valuable insights into shopper preferences which can be
used to drive purchases and other marketing initiatives.
The
AR versions of both the bicycle and goggles will also trigger a unique
"moment-stealing" experience, built by the NexTech team. These
interactive experiences will bring realistic lessons on engineering, aviation
and technology directly into homes and classrooms. These experiences are ideal for
students exploring STEM curriculum.
"Our
partnership with The Wright Brothers USA is unique as we're bringing together
two different use-cases for augmented reality: retail and education," said
Evan Gappelberg, CEO of NexTech AR Solutions. "The Wright Brothers store
can provide shoppers with a truly customized online retail experience using
sentiment analysis and 'Try it On' features while also keeping the rich history
and legacy of the brothers alive using 3D, volumetric learning experiences that
come to life when customers interact with memorabilia."
The Supreme
Cannabis Company, Inc. (TSX: FIRE) (OTCQX: SPRWF) and Blissco
Cannabis Corp. (CSE: BLIS) (OTCQB: HSTRF) announced that they have entered into a definitive
arrangement agreement under which Supreme Cannabis will acquire, by way of a
court-approved plan of arrangement under the Business Corporations Act, all of
the issued and outstanding common shares of Blissco not already owned by
Supreme Cannabis. The Arrangement is an all-stock transaction with a total
value of approximately C$48 million.
"Supreme
Cannabis is the best positioned company in the cannabis space to help Blissco
achieve its ambition of delivering innovative, quality assured full-spectrum
cannabis products to the world," said Damian Kettlewell, CEO of Blissco.
"By merging with Supreme Cannabis, Blissco shareholders will benefit from
the combined expertise of both companies in growing premium cannabis brands,
producing and procuring high-quality inputs, commercializing new products, and
ensuring regulatory compliance. Blissco shareholders will also benefit from
Supreme Cannabis' enhanced trading liquidity on the TSX and greater access to
capital that will allow us to focus and accelerate Blissco's premium wellness
business."
"Blissco
has built a distinct and authentic premium wellness brand. Through our
strategic partnership and prior investment in the company, we developed a deep
understanding of the business and a high level of confidence in the senior
management team. This transaction will allow Blissco to focus its business
around the production and commercialization of cannabis oils and topicals for
the premium wellness consumer," said Navdeep Dhaliwal, CEO of Supreme
Cannabis. "Blissco shares our vision, mission, and values. Through this
transaction, we will combine best-in-class processes, commercialization,
marketing and brand building expertise, and skilled management, ensuring we
continue to achieve our vision to improve global well-being with
cannabis."
Trulieve Cannabis
Corp. (CSE: TRUL) today announced that the Company has entered into an
agreement dated May 16, 2019, to acquire 100 percent of The Healing Corner,
Inc., a medical marijuana dispensary located in Bristol, Connecticut.
"Expanding
and diversifying beyond our Florida base is key to our strategic vision. This
further growth in the New England region is an important step as we move
forward with establishing Trulieve as a national presence in the cannabis
sector," said Kim Rivers, CEO of Trulieve. "We look forward to
providing patients across the Connecticut medical marijuana market with the
exceptional customer service and best-in-class products that Trulieve is known
for."
The
Healing Corner was founded in 2014 and provides a range of medical marijuana
products from their dispensary in Bristol, Connecticut. Patients may also
reserve their medical marijuana order through The Healing Corner's Canna-Fill
online system.
"The
Healing Corner and Trulieve share the same passion and commitment to patients'
care and providing them with a truly professional full-service customer
experience," said Geri Ann Bradley, Owner and Pharmacist at The Healing
Corner. "This alignment of values and strength of offering will certainly
benefit medical cannabis patients in Connecticut."
Investor ideas reminds all listeners to read our disclaimers and
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