Friday, 19 July 2019
Investor Ideas #Potcasts; #Cannabis News and #Stocks on the Move (CSE: $TGIF.C) (TSXV: $N.V) (CSE: $BEV.C) (CSE: $SOL.C)
Delta, Kelowna, BC –July 19th, 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/07191TGIF-N-BEV-SOL.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 we look at a few early announcements.
But first, Global superstar Post Malone, founder of hemp and cannabis brand Shaboink, announced today the launch of American grown hemp pre-rolls by Shaboink through a strategic partnership with Icon Farms, and world-renowned cultivator Mario Guzman, Founder of designer cannabis brand Sherbinskis.
"I'm proud to bring natural hemp pre-rolls by Shaboink to market. It's a product I personally love and know my fans will too," said Malone. "Our partners are best in class and so is this product. The terpene flavors are great, and you can't beat an all-natural pre-roll."
Shaboink's new line of hemp pre-rolls are enhanced with a proprietary terpene flavor profile — "Posty OG" — custom-made for Malone by Guzman — and are manufactured using only American-grown hemp, plant-derived terpenes and water.
This first of its kind launch and new category is the result of a strategic partnership and manufacturing agreement with Icon Farms, an innovative company focused on combining best manufacturing practices from high-volume tobacco production and clean, American-grown hemp cultivation. Icon Farms brings decades of specialized industry knowledge from its founders' family-owned, multi-generational tobacco production operations.
"The combination of our inventive product development, operations management, and solid market presence, paired with the loyal fanbase both Shaboink and Sherbinskis command, has created an unprecedented national platform for a new era in American Grown Hemp. We are proud to play a hand in pioneering this ground-breaking opportunity," explained Jordan Gielchinsky, President of Icon Farms.
In addition to partnering with Shaboink, Icon Farms also worked with Guzman to launch American-grown hemp pre-rolls by Sherbinskis, infused with the cannabis icon's world-famous "Gelato" terpene blend. Shaboink and Sherbinskis hemp pre-rolls will be sold in individual and dual-branded packs and cartons.
"This is another historic moment for Sherbinskis. It's my honor to pioneer the hemp category with Post Malone, Shaboink and Icon Farms. I'll never forget the moment we all watched Icon's tobacco machines replaced with hemp and saw the first batch of pre-rolls come off the production line. It was unforgettable and a sign of what's to come," said Guzman.
1933 Industries Inc. (CSE: TGIF) (OTCQX: TGIFF), reported that it received both Clark County and Nevada Department of Taxation final approval for the transfer of its existing cultivation licenses to its new cultivation facility, which completes all the necessary steps to begin the transfer of its cannabis plants.
Mr. Caleb Zobrist, Executive Vice President and Legal Counsel commented, "We have worked closely with county and state authorities to ensure the smooth transfer of our cultivation licenses from the old facility to the new one. Having the licenses in place enables us to commence cultivation operations in the new facility immediately."
With all site work completed, the Company will begin the transfer of its cannabis plants, including 5,000 clones, and 200 moms to populate the new facility, with the aim of completing 2 full zones or six rooms within a week in its first phase. The clones will vegetate for about four weeks before beginning the flower cycle. "We will start acclimatizing the plants in the new rooms and ensure that all life-support systems, such as temperature, irrigation, light and humidity controls are functioning as designed," said Mr. Tim Spencer, Director of Cultivation.
Once the new facility is fully operational and all systems are optimized, the Company expects to produce approximately 700-800 lbs. of dried cannabis per month, to be utilized for its AMA branded flower and concentrate products currently sold to licensed dispensaries throughout Nevada. AMA's live resins and vape pens are the Company's best selling items due to their versatility and contain cannabis-derived terpenes in a variety of flavours. The new facility will provide better control over the input material for its live resin products and use a flash freezing fresh flower process to preserve monoterpenes that are not found in cured biomass. This process allows the Company to extract a better representation of the full terpene profile of the flower for increased potency and better taste.
Mr. Spencer remarked, "Our 26 in-house plant varieties were carefully selected for their quality and terpene profiles. Our goal is to cultivate premium flower to produce the best concentrates in the Nevada market at reasonable prices. We are also excited to begin working with our world class breeder partner, OG DNA Genetics, as soon as we settle in our new facility."
Namaste Technologies Inc. (TSXV: N) (OTC: NXTTF) today announced the signing of three new agreements with Canadian licensed producers, further expanding the breadth of products offered within its online cannabis marketplace. Included in the list of new LPs is Agro-Greens Natural Products Ltd., of Macklin, SK and PureSinse Inc. of Brampton, ON. The Agro-Greens and Puresinse agreements help solidify Namaste's, and its online platform CannMart's, new fee-based model based on consignment versus traditional buy and sell. This new model allows CannMart to manage working capital and the LPs to retain their brand loyalty.
These new agreements highlight the company's value proposition to LPs, enabling them to be vertically integrated within the CannMart platform and providing the infrastructure to deliver products to a new and larger audience. CannMart started sales on Oct 17, 2018 when cannabis legalized with 2 LP's, only 3 strains and 11 SKU's. Today CannMart has supply agreements with 15 LP's, over 39 strains, and 170 SKU's. Outside of Canada, the company has existing supply relationships in Columbia, Australia and Israel, with imports pending government approval.
"The commitment and investment that we have made in our people and technology is beginning to pay dividends," stated Meni Morim, interim CEO of Namaste. "Licensed producers are increasingly recognizing this commitment, and see the value in our platform. As our end-to-end business proposition continues to develop, we are on track and focused to become the world's most customer focused marketplace for cannabis and cannabis accessories".
Originally focused on dried flower and pre-rolls, the company has continued to differentiate itself through expanding into new product categories, including hemp pet food, and other every day cannabis accessories. The onboarding of LP's to CannMart has allowed the platform to offer additional products from new and existing LPs, with over 100 products added since the beginning of the year.
BevCanna Enterprises Inc. (CSE:BEV), announced the results of its extensive North American-wide consumer study, focused on product and consumption preferences within the nascent cannabis-infused beverage market.
Conducted by an independent research group on behalf of BevCanna, over 2,000 adults of legal drinking age were surveyed on their interest and preferences in current and potential products, purchase likelihood, preferred format (edibles, beverages, topicals, etc.) and most likely consumption occasions (pain relief, as a sleep aid, relaxation, etc). Survey participants were based in Canada, New York and California.
The study found that while more Canadians are aware of THC-based cannabis products, and smokable/combustible forms of cannabis (joints, bongs, pipes) are currently the most common methods of consumption, it was CBD-based beverages that had the highest future purchase intent. Over 70 per cent of Canadian consumers would “definitely” or “probably” purchase CBD-infused beverages once legal.
The study also found that consumers across all regions see CBD-infused beverages as contributing to a healthy lifestyle. Among 25 product concepts and six different positioning territories surveyed, the top performing include ready-to-drink spring water-based beverages, which consumers see as complementary to their quality of life and contributing to a proactive approach to their wellbeing.
“The opportunity for brand builders is to leverage clean ingredients, in compelling and crave-worthy beverages that appeal to a health-conscious consumer” said Emma Andrews, Chief Commercialization Officer at BevCanna and Registered Nutritionist. “Our research indicates that consumers are eager to try infused beverages to reduce/relieve pain, at the end of the day to relax or unwind, or to help them achieve a more restful sleep, even if there are limitations on health claims connected to recreational/adult-use products. Ultimately the product has to deliver on the expected outcome.”
And while Canadian consumers would also consider THC beverages as a means to relax and unwind, they tend to associate THC with consumption occasions such as hanging out with friends, or social gatherings. The study also found that 45 per cent of Canadian consumers don’t associate cannabis with alcohol, viewing them as suitable for completely separate consumption occasions.
SOL Global Investments Corp. (CSE:SOL) (OTC:SOLCF) expects to release results for the years ended March 31, 2019 as well as a comprehensive corporate update on July 29, 2019 after market close. SOL Global also expect to provide detail on the Company's NAV in the release to provide the market and analysts with clarity on the substantial delta between their intrinsic value versus today's stock price.
The Company will host a conference call Wednesday, August 7th, 2019 to discuss the corporate update in-depth. Brady Cobb, Chief Executive Officer, will host the call starting at 8:00 a.m. Eastern Time. A question and answer session will immediately follow an initial presentation. Additional participants from SOL Global will include Andy DeFrancesco, Chief Investment Officer and Chairman, Peter Liabotis, Chief Financial Officer and Paul Norman, Chief Executive Officer of SOL Global portfolio company HeavenlyRx.
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