Investor Ideas #Potcasts: #Cannabis News and #Stocks on the Move (OTC:
$ACRGF) (TSX: $TGOD.TO) (OTC: $TGDOF) (CSE: $GGB.C) (OTC: $SING) (CSE: $TTT.C)
Delta, Kelowna, BC –June
27, 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/06271ACRGF-TGOD-TGDOF-GGB-SING-TTT.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.
Acreage Holdings,
Inc. (CSE: ACRG.U) (OTC: ACRGF) and
Canopy Growth Corporation (TSX: WEED) (NYSE: CGC) announced the implementation of Acreage's previously
announced arrangement under section 288 of the Business Corporations Act
(British Columbia) with Canopy Growth.
Pursuant
to the Arrangement, the Acreage articles have been amended to provide Canopy
Growth with the option to acquire all of the issued and outstanding shares in
the capital of Acreage, with a requirement to do so, upon a change in federal
laws in the United States to permit the general cultivation, distribution and
possession of marijuana or to remove the regulation of such activities from the
federal laws of the United States, subject to the satisfaction of the
conditions set out in the arrangement agreement entered into between Acreage
and Canopy Growth on April 18, 2019, as amended on May 15, 2019. Canopy Growth
is permitted to waive the Triggering Event.
"On
behalf of Canopy Growth, I thank the shareholders of both companies for their
vote of confidence in this historic transaction. We have experienced a
tremendous year of growth and this deal has activated the accelerator in terms
of where we will take both companies in the coming years," said Canopy
Growth Chairman and co-CEO Bruce Linton. "In leading an industry that is
full of firsts, this agreement is moving both Acreage and Canopy Growth into
unprecedented territory of strength. Giving their team access to all of the key
learnings we've gleaned over the last few years, will in turn create a truly
turnkey entry point into the US market and deepen the value returned to our
shareholders once we are federally permitted to close."
Acreage
will continue to operate as a stand-alone entity and to conduct its business
independently, subject to compliance with certain covenants contained in the
Arrangement Agreement and the Subordinate Voting Shares will remain listed on
the CSE and the OTCQX.
The Green Organic
Dutchman Holdings Ltd. (TSX: TGOD) (OTC: TGODF) announced that its flagship Valleyfield, QC facility
has received its organic certification from Pro-Cert, an internationally
recognized leader in organic certification.
Once
completed, TGOD's Valleyfield facility is going to be the world's largest
organic cannabis facility at over 1.3 million square feet. This Pro-Cert
recognition adds another certification to the Company's portfolio, in addition
to TGOD's already certified organic growing facilities in Canada and Europe,
and shows TGOD's commitment to cement its position as the leading organic
cannabis brand globally.
"It's
exciting to reach new milestones as we begin commercial production. Growing
certified organic cannabis at scale is a highly complex process which has taken
time, great care and extensive research to refine. Each of our facilities goes through a robust
certification process, in line with the high standards we have set, ensuring
operational excellence at all stages," commented Brian Athaide, CEO of
TGOD. "The proprietary methods our team has developed leverage the
benefits of growing in living soil and guarantees the organic integrity of the
products throughout the entire production chain."
Pro-Cert's
certification programs are ISO 17065 compliant and accredited, providing global
recognition and international access to the products and brands they certify.
The certification process includes validation of inputs, production methods and
preparation procedures according to Canadian organic product regulation.
Green Growth Brands
Inc. (CSE: GGB) (OTCQB: GGBXF) today announced the expansion of its partnership with
Abercrombie & Fitch, a division of Abercrombie & Fitch Co. (NYSE: ANF). The specialty retailer trialed GGB's
Seventh Sense Botanical Therapy products in 10 Abercrombie & Fitch stores
and it will now carry the CBD products in more than 160 A&F stores.
The
expansion includes Seventh Sense's CBD-infused body lotions, muscle balms, lip
balms and sugar scrubs, and is Green Growth Brands' second major wholesale
agreement since the passage of the Agriculture Act of 2018 in December 2018.
"Abercrombie
& Fitch understands how to connect with their target-customer, not just in
the U.S. but across the globe," said Green Growth Brands CEO, Peter
Horvath. "They have incredible brand recognition in our current target
markets and beyond, and we are excited at the prospect of building our
partnership together."
SinglePoint Inc. (OTC: SING) announced today that it has signed a $109,465,000 contract
with Elite Foundation LLC of North Carolina to supply more than 275,000 pounds
of premium hemp flower over a period of 15 months. The client has approved and
taken receipt of the second batch of product and Elite has approved
approximately 5000 pounds of varietal strain hemp flower which has been
reserved for their next 4 to 6 shipments expected every other week.
“We
are grateful for the opportunity to work with SinglePoint in continuing to
establish ourselves as the Southeast’s preferred hemp provider, trusted to
satisfy our clientele’s growing demands by ensuring quality, consistency and
variety for the downline. This alliance potentiates a cascade of mutual
benefits across many sectors within the burgeoning hemp industry, and we look
very much forward to generating these positive energies together!” states Max
Alexander, Chairman and CFO of Elite Foundation.
According
to President Wil Ralston, “There is very little high-quality hemp flower in the
United states so were pleased that our client can take advantage of our supply
before its available to other supermarket clients. After visiting with our
suppliers yesterday it is clear that the market is drying up quickly and we
have access to supply the best flower available to the market with additional
greenhouse quality flower coming to market as well. This has been a great
development for SinglePoint and our VP of Sales, Don Smith, has done a wonderful
job of closing this contract. He is currently working with additional clients
in need of hemp flower as well as many other raw materials such a biomass. We
look forward to the closure of these deals among others in our pipeline
including private labeled finished goods for retail distribution. We see a
large opportunity to put end user product throughout retail distribution in the
coming months. Industrial derived hemp has created a wave of new products and
opportunities in which SinglePoint has been able to drive additional revenue
and profit.”
BDS
Analytics and Arcview Market Research project that the collective market for
CBD sales in the U.S. will surpass $20 billion by 2024 while New York-based
investment bank Cowen & Co, estimates that the market could pull in $15
billion by 2025. The smokable hemp market currently represents approximately 2%
of the overall CBD market, but with a 250% growth from 2017 to 2018,
Brightfield Group, a Chicago-based cannabis market research firm, identifies
dried and smokable hemp flowers as one of the fastest-growing segments of the
CBD market. SinglePoint’s bold entry into the hemp flower market positions the
company as one of the leading hemp flower wholesalers in the country.
TruTrace
Technologies Inc. (CSE: TTT) (OTC: TTTSF), creator of the first fully-integrated
blockchain platform that registers and tracks intellectual property for the
cannabis industry, today announced that Zenabis
Global Inc. (TSX:ZENA), a Canadian licensed cultivator of
medical and recreational cannabis, will employ the Company's StrainSecure™
platform to collect, register, manage, track and publish verified testing data
of its cannabis plant DNA and strains.
Use
of the StrainSecure platform is intended to enable Zenabis to validate its
cannabis strains and provide its customers with increased transparency about
the authenticity, quality and origin of its products. In addition, Zenabis is
joining the Shoppers Drug Mart and TruTrace medical cannabis verification pilot
project announced last week at the
World Cannabis
Congress.
"This
initiative continues to gain momentum with the signing of a forward-thinking
cannabis cultivator like Zenabis who recognizes the value of providing verified
product data to their patients and customers," said TruTrace Technologies
CEO Robert Galarza. "The recent launch of this traceability pilot project
with Canada's leading pharmacy brand demonstrates the importance of
standardization and traceability in designing and evaluating treatment programs
for patients."
Zenabis'
Chief Revenue Officer, David Lluncor, added, "We're extremely excited to
be part of the pioneer group of licensed producers partnered with TruTrace
Technologies and Shoppers Drug Mart, who are committed to increasing
transparency, traceability, and standardization in the cannabis industry. In
particular, we're happy to be able to play a role in offering Canadian medical
patients and adult-use consumers assurances that they are being supplied safe,
high quality, cannabis and hemp CBD products."
Under
the StrainSecure program, the TruTrace team collects plant testing data and
performs genomic verification in plant batches which are then registered in a
blockchain-enabled database for intellectual property protection and strain
validation. All information gathered from the plants, including their molecular
and chemical makeup, can be tracked via the program.
Phase
1 of the Pilot Project is expected to be completed by July 31, with full
production and implementation targeted for late November 2019.
Investor ideas reminds all listeners to read our disclaimers and
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