Investor Ideas #Potcasts: #Cannabis News and #Stocks on the Move
(TSXV: $OGI.V) (NASDAQ: $OGI) (TSXV: $META.V)( CSE: $CRFT.C) (CSE: $TIM_U.C)
Delta, Kelowna, BC –June
18, 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/06181OGI-META-CRFT-TIM.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.
Today we are looking at a few early
announcements.
But first, The Global Cannabis Partnership
(GCP), a collaboration of leaders in the government-sanctioned cannabis
industry,
released today a
corporate social responsibility framework that its 45-member organizations have
agreed to adhere to, establishing a standard for the new and rapidly growing
cannabis industry worldwide.
"We're building an industry for the
future," said the GCP's Executive Director Kim Wilson. "It's one
thing to have a legal license to operate; earning and keeping a social license
is another story. We have a long road ahead of us, but today's announcement is
an important step in the right direction."
The world's first Responsible Cannabis
Framework (RCF) seeks to positively influence the industry's impacts on the
environment and society, and aims to support GCP members in continually
improving their corporate performance over time.
Using best practices from within and
outside the industry, the RCF goes beyond minimum compliance with all relevant
and applicable laws, articulating expectations of members for evaluating,
developing, implementing, measuring and disclosing their environmental, social
and governance initiatives.
"The RCF was developed through
extensive research and consultation with a variety of stakeholders," said
Rick Petersen, one of the world's experts in corporate responsibility and
author of the Framework. "We knew that we could rely on the experience of
other industries, while at the same time coming up with the right steps to meet
the challenges in our specific sector."
Members have all agreed to the Framework's
four guiding principles – responsibility, collaboration, transparency and
continuous improvement – and have up to a year to complete work necessary to
apply for one of four certification categories. Minimum requirements include,
among others, minimizing greenhouse gas emissions; promoting responsible use,
and reinforcing ethical conduct. The formal certification process was developed
by EY and member applications will be submitted to an independent evaluation
panel.
The GCP expects members to make
improvements when Framework standards are not met and to develop mechanisms to
ensure ongoing compliance and continuous improvement.
Organigram Holdings
Inc. (TSXV: OGI) (NASDAQ: OGI), the
parent company of Organigram Inc., a leading licensed producer of cannabis, announced that
it has signed an exclusive agreement with Feather Company Ltd., a cannabis
innovator and lifestyle brand committed to the production of premium-quality
products that enhance the cannabis experience for customers. The disposable
vaporizer pen and 5/10 thread cartridges for targeted adult-use customer
segments will be available following legalization of this product category
currently scheduled to come into effect as of October
2019.
Organigram,
through the Edison Cannabis Co. brand, has an exclusive license to Feather's
proprietary vaporizer pen technology and form factor. The relationship will
also allow Organigram to represent Feather across Canada from a commercial
perspective. This agreement reflects both companies' commitment to
transformative thinking and unique customer experiences.
"A
successful recreational cannabis market requires that licensed producers and
their partners continually reimagine the cannabis experience," says Ray
Gracewood, Senior Vice President, Marketing and Communications, Organigram.
"It is critical for Organigram to find unique ways to offer customers the
kind of value that will help differentiate our brands. The future is in
providing unique opportunities for customers to explore the product."
Feather's technology and hardware offers
Organigram's Edison brand a unique, proprietary delivery mechanism for
discerning and sophisticated consumers and will compliment the companies
recently announced partnership with PAX, a leader in closed-loop vaporizable
technology offered through the PAX Era product line.
National Access Cannabis Corp. (TSXV: META),
Canada's largest cannabis retailer according to provincial licensing
statistics, today announced it
has received three additional licences from the Alberta Gaming, Liquor and
Cannabis Commission to open cannabis retail stores in Alberta. The retail
stores will be located in the cities of Calgary, Edmonton and Airdrie. The
announcement comes following the previously released news that the AGLC has
lifted the moratorium on new cannabis retail licences.
"We're growing rapidly in
Alberta," said Mark Goliger, CEO of NAC. "With three new licences and
the new location recently opened June 5th in the Varsity
neighbourhood in Calgary, we continue to expand our private cannabis retailing
footprint in Alberta and our growth isn't done. We have 15 additional licences
submitted and 7 more stores built awaiting licensing and regulatory approval in
Alberta."
NAC is the national leader in retail
cannabis. Currently operating in three provinces, NAC has applied for licences
in British Columbia and plans to make applications for licences in Ontario once
licensing opens up to more private retailers. NAC's experienced team of retail
industry professionals is focused on achieving its business plan of having 40
operating stores by the end of calendar 2019, and 110 operating stores by the
end of calendar 2020.
Pasha Brands Ltd. (CSE: CRFT) (OTC:CRFTF) introduced BC
Craft Supply Co. Ltd. as the first in its line of nearly a dozen leading craft
cannabis brands that aim to rectify Canada's ongoing product shortage and
quality issues. Through its subsidiaries, Pasha is Canada's first licensed
producer exclusively focused on assisting the original cannabis industry in
Canada in gaining access to the regulated market through Health Canada's new
micro cultivation licensing regime.
BC Craft is helping Canada's leading
cannabis growers acquire micro-cultivation licences by providing comprehensive
support and advice, as well as all necessary testing, processing and packaging
to help growers legally bring their products to market. With Pasha's recent
acquisition of Medcann Health Products Ltd., a fully licensed, Health Canada
approved facility, BC Craft is uniquely positioned to work with the thousands
of craft producers in Canada that are now looking to transition into Canada's
new regulated supply chain.
"I'm confident that what BC Craft
Supply Co. will be able to contribute to the legal market will set the standard
for craft production and supply chain management, not just in Canada but
internationally," said Jason Longden, CEO of Pasha Brands.
"Confidence in the brand has already inspired craft cultivators throughout
British Columbia and from across the country to join our team, and we're eager
to help solve Canada's ongoing supply issue with quality cannabis the legal
market has yet to see."
Representing the first wave of Pasha's
industry-shaking craft cannabis brands, BC Craft is a service provider in
contract with some of Canada's best farmers to ensure their timely
participation and competitive edge in Canada's burgeoning legal cannabis market.
Spurred by a passion to support small businesses and pay respect to the
cultivators that have always been the country's top choice for quality
cannabis, the brand is working to assist in their transition into the market so
that consumers can have legal access to legitimate and sought-after 'BC Bud' at
long last.
With Medcann now part of the Pasha group,
BC Craft will coordinate the purchase of craft cannabis from licensed micro
cultivators under a supply agreement, kicking off the transition from the unregulated
market—where nearly 85 percent of all cannabis sales in Canada still take
place—to the legal one. Once micro cultivators are licensed and operational, BC
Craft anticipates an annual supply of approximately 50,000 kilograms of
cannabis per 100 micro cultivators in its supply chain. Industry estimates
place the number of grey market producers in BC alone at as many as 20,000.
Jose
Hidalgo, Founder and CEO of Cansortium
Inc. (CSE: TIUM-U), a
vertically-integrated, global provider of premium-quality medical cannabis
operating under the Fluent™ brand, issued the following statement in
response to Texas Governor Greg Abbott's signing of HB 3703 which expands
access to low-level THC (less than 0.5%) cannabis products to benefit Texas
residents coping with certain chronic medical conditions.
"The
Cansortium team is excited to work with the State of Texas to provide
cultivation, processing and home delivery operations in Texas in order to bring
the benefits of our premium-grade, low-level THC, cannabis products to Texas
residents who are coping with chronic medical conditions. As one of the three
medical cannabis licensees in the state of Texas, our company is also
well-positioned to begin building a network of conveniently located
dispensaries in key markets where authorized under the new law by the Texas
Department of Public Safety."
The
new law, which is now effective, contains the following three key provisions
that, together, are expected to increase legal access to low-level THC medical
cannabis products:
1.
Expands the range of medical conditions for which licensed specialty physicians
may recommend low-level THC cannabis products (containing up to 0.5 percent
THC). In addition to intractable epilepsy, which was previously the sole
eligible condition, the following additional chronic conditions now qualify for
cannabis recommendation:
●
All
forms of epilepsy
●
Terminal
Cancer
●
Amyotrophic
Lateral Sclerosis (ALS)
●
Incurable
neurological disease
●
Parkinson's
Disease
●
Multiple
Sclerosis
●
Autism
● Seizure disorders
2.
Enables a patient to gain access to medical cannabis products based on the
recommendation of a single licensed specialty physician, versus the previous
requirement that a patient obtain recommendations from at least two licensed
physicians.
3. Authorizes the Texas Department of Public
Safety to oversee approval, regulation and administration of cannabis
dispensaries to be constructed and operated by the state's three medical
cannabis licensees, which include Cansortium.
Cansortium
currently provides home-delivery services across Texas from a 4,000 square-foot
cultivation facility and adjacent 650 square-foot processing facility in
Schulenburg, Texas, with the ability to expand the cultivation facility up to
an additional 200,000 square-feet to meet incremental demand.
Investor ideas reminds all listeners to read our disclaimers and
disclosures on the
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