Investor Ideas #Potcasts; #Cannabis News and #Stocks on the Move (CSE:
$AGRO.C) (CSE: $GRIN.C) (CSE: $CHM.C) (CSE: $SLNG.C) (TSXV: $RIV.V) (TSX: $WEED.TO)
(NYSE: $CGC)(CSE: $MWM.C) (OTC: $TGRR)
Delta, Kelowna, BC –July
22, 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/07221AGRO-GRIN-CHM-SLNG-RIV-WEED-CGC-MWM-TGRR.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.
Agrios Global Holdings Ltd. (CSE:
AGRO) (OTCQB:
AGGHF) provided
an update on the progress of its subsidiary Agrios
Asia.
Following the recent receipt of a hemp
cultivation permit, Agrios Asia hired a project director based in Kunming,
Yunnan Province, China to oversee the cultivation operations and hemp stalk
pre-process build out. The subsidiary has begun cultivation of industrial hemp
at the Yunnan Han Ma Biological Industrial Hemp Cultivation Base. Agrios Asia expects its first harvest in
October 2019.
Stephanie Wong, Managing Director of
Agrios Asia explained, "The aim of establishing the hemp stalk
pre-processing plant is to provide consistent quality raw materials to produce
our research products such as hemp straw and biodegradable single use dining
ware. We are still waiting for advice from the research institutes on the exact
requirement of the raw materials to determine the treatment process and
corresponding equipment required."
Kunming University of Science and
Technology ("KMUST") has completed the first stage of hemp straw
research, involving the extraction techniques to prepare hemp pulp, and filed a
Chinese patent for a "short-process for the extraction of hemp
fibers". The second stage of research is underway and focuses on the
preparation of pulp with the optimal mix of hemp core fiber and hemp hurds
fiber. Preliminary results are promising with a gross pulp yield approaching
50%.
Once hemp pulp can be manufactured into
hemp paper, the next stage will be the development of the manufacturing process
to make environmentally friendly, biodegradable hemp straws from the hemp paper
and then expanding the product scope to other dining ware such as cups, plates
and bowls.
Grown Rogue International Inc. (CSE:GRIN) (OTC:GRUSF) announced
today that the US Patent and Trademark Office
awarded Grown Rogue full patent for its innovative "Certified Fresh"
Nitrogen Sealed Pre-rolls. The Nitrogen Sealing Process eliminates oxygen
through nitrogen injection which preserves the freshness of the flower. The
process also vacuum seals the product to lock in freshness.
"There
are dozens of premium pre-rolls in the cannabis market, but there is only one
innovation that seals with nitrogen and ensures freshness," said Obie
Strickler, CEO and Co-Founder of Grown Rogue.
Several
cannabis companies have used nitrogen to seal cannabis in various applications
but Grown Rogue is the first to develop a solution to seal a glass tube with
nitrogen. "Customers can see the quality of product through the glass and
with the nitrogen infusion will know that they can enjoy a truly fresh cannabis
experience," added Mr. Strickler.
Grown
Rogue first introduced the "Certified Fresh" Nitrogen Sealed
Pre-rolls in January 2018 which drove sales and brand awareness in the Oregon
market. Since then, the Nitrogen Sealed Pre-Rolls have become a symbol of the
companies' commitment to Innovation in a competitive marketplace. The company
has developed nitrogen sealed 3.5 gram glass flower jars which is also an
industry first, but is not currently seeking a patent for that innovation.
"Customers
have a lot of choices when it comes to pre-rolls and cannabis products in
general and our innovative "Certified Fresh" Nitrogen Sealed products
speak to our unique differentiation in product development and our commitment
to empowering consumers to enhance life experiences through cannabis,"
added Rob Rigg, EVP Marketing at Grown Rogue.
Several
companies have approached Grown Rogue to license the Nitrogen Pre-Rolls in
other markets across the United States. "Our plan is to license the
technology and process to partners in areas where we do not have near term
expansion plans," said Mr. Strickler. "Like Tesla or Apple, we want
to launch technologies across the world that positively impact the consumer
experience," added Mr. Strickler.
Chemistree Technology Inc. (CSE:
CHM) (OTCQB:
CHMJF) announced that
through a wholly owned U.S. subsidiary, the Company has finalized its
investment into Applied Cannabis Sciences of New Jersey ("ACS"), a
New Jersey-based medical vertically integrated applicant, previously announced
as a letter of intent (press release dated April 15, 2019).
ACS will be submitting its application in
the upcoming New Jersey round of Request for Applications (RFA), which was
released Monday, July15, 2019 by the New Jersey Department of Health. The State
will issue 24 new permits, comprising of 15 dispensary permits, 5 cultivation
permits, and 4 vertically integrated permits. All applications are to be
submitted by August 22, 2019. ACS placed in the top 20 applicants in the last
permitting round, narrowly missing out on receiving a license at that time.
ACS will be participating in this current
round be a part of the expansion of New
Jersey's medical program which has set a goal of increasing registered patient
count to over 200,000 as well as anticipating the adult-use market if decided
by voters in a 2020 referendum. The
application, if successful, will provide ACS with a fully integrated
cultivation, manufacturing/processing and retail sales license in the state of
New Jersey. Currently, there are only 12 facilities servicing the 49,000
patients enrolled in New Jersey medicinal cannabis program.
"Completing this investment with ACS
and being on the ground floor towards expanding New Jersey's medical marijuana
program marks a significant step forward in our Company's East Coast expansion
plans," stated Karl Kottmeier, President of Chemistree. "We expect, along with ACS' leading
cannabis experts and track record, that we will be able to secure this highly
coveted and valuable State license."
Director Nico Escondido said, "The
entire team at ACS is very excited to have solidified our partnership with
Chemistree. The goals of both entities are keenly aligned, with the objectives
of serving both the patients and communities in which we operate being our top
priority. This partnership enables us to disseminate our mission across North
America, while also creating a hub for cannabis research and development here
on the Eastern seaboard. We look forward to a successful application in our
great State of New Jersey and working with the members of Chemistree to build something
of incredible value for both our patients and the cannabis industry."
SLANG Worldwide Inc. (CSE:
SLNG), a leading global cannabis consumer
packaged goods company with a robust portfolio of renowned brands distributed
across 2,600 stores in 12 US states, today
announced that it is entering the European Union,
starting with Greece, through a partnership with Global Cannabis Corp.
("GCC").
GCC's wholly owned subsidiary, GCC Pharma
S.A. is one of the first companies to receive a medical cannabis installation
license from the government of Greece for cannabis cultivation, processing and
manufacturing. SLANG has worked closely with GCC throughout the application
process and has been instrumental in assisting GCC with the design and content
of its license application. In exchange for the contribution of SLANG's
specialized expertise, and continuing support, SLANG has been granted a 20%
interest in GCC.
SLANG intends to leverage its
relationship with GCC to introduce its brand portfolio to the European Union,
with products in market in 2020. The Company expects to collect licensing
revenues in Greece similar to its partnerships in the United States.
"The addition of GCC to SLANG's
partner network is a major milestone in our global expansion strategy,"
said Peter Miller, CEO of SLANG. "This partnership can help lead to the
awareness of our brands in new and key markets while leveraging the capital-light
growth model that Slang has optimized in the United States."
Greece has a population of 10.7 million
and an annual health care expenditure of €14.3 billion with a cannabis market
expected to reach €1.9 billion by 2028 (Source: Prohibition Partners – The
European Cannabis Report, 4th Edition, January 2019). Medical cannabis use was
legalized in Greece in June 2017. Shortly thereafter, in March 2018, lawmakers
approved a law allowing the farming and processing of medical cannabis in
Greece. With its ideal climate and agricultural expertise, Greece also has the
opportunity to be a prominent supplier of cannabis and cannabis products
throughout the EU where permitted.
"We are extremely pleased to be
amongst the first recipients of a cannabis license in Greece, a strategic entry
point into the rapidly growing EU region with a population exceeding 740
million people," said Loannis Papadopoulos, CEO of GCC. "SLANG's
diverse product portfolio and proven extraction and manufacturing expertise
will be key to the timely introduction of our offering to medical cannabis
patients."
Canopy
Rivers Inc. (TSXV:
RIV) (OTC:
CNPOF) announced that
its 49%-owned joint venture, PharmHouse Inc., has received a cultivation
licence from Health Canada. PharmHouse will be immediately commencing
operations in 190,000 sq. ft. of licensed nursery infrastructure and plans to
ramp up the entire 1.3 million sq. ft. ultramodern greenhouse before the end of
2019 to deliver low-cost and high-quality cannabis and cannabis derivative
products to the Canopy Rivers ecosystem of partners, both domestically and
internationally.
"This is a significant corporate
milestone for Canopy Rivers. We believe the PharmHouse platform to be the
epitome of value creation for our shareholders, and exposure to this project
represents an investment opportunity only available through Canopy
Rivers," said Narbe Alexandrian, President and CEO of Canopy Rivers. "Together with the expertise of agriculture
industry titan Paul Mastronardi, along with our team of ag-specialist joint
venture partners, Canopy Rivers has helped finance, construct, and prepare for
licence one of the largest, state-of-the-art cannabis facilities in the world,
and has already backed it with multi-year contracts with internationally
-focused industry leaders that we expect will translate into significant cash
flow and profitability," continued Alexandrian.
Founded by Canopy Rivers and the
principals and operators of North American agriculture and produce conglomerate
Mastronardi Produce Limited, PharmHouse is a newly -built 1.3 million sq. ft
facility located in Leamington, Ontario.
Its transformative approach to production integrates a high degree of
automation, lean manufacturing processes, and commercial agricultural best
practices. The result is a large-scale
greenhouse operationally optimized for commercial -scale, low -cost cannabis
production that is designed to comply with Good Manufacturing Practices.
Through the Joint Venture Partners, PharmHouse has access to plant science,
automation, and logistical expertise that has been developed over multiple
generations by a continental leader and garnered recognition and support from
some of the largest retailers and wholesalers throughout Canada and the United
States.
PharmHouse has already entered into
commercial offtake agreements for a combined 50% of its 2020 production with
industry leaders Canopy Growth Corp
(TSX:
WEED) (NYSE:
CGC) and TerrAscend Corp (CSE:
TER) (OTCQX:
TRSSF), validating the Canopy Rivers ecosystem
model and supporting the international brand and distribution platforms of the
Company and its partners.
"This licence is a monumental
achievement for PharmHouse, a joint venture that I believe represents the
future of cannabis production, distribution, and technological
innovation," said Paul Mastronardi, CEO of Mastronardi Produce Limited
and, in his personal capacity, the largest individual shareholder in the
PharmHouse joint venture. "We look forward to continuing to lend our
proven operational, marketing, and distribution expertise to PharmHouse, and
collaborating with Canopy Rivers to continue building our planned global cannabis
platform."
Micron Waste Technologies Inc. (CSE:
MWM) (OTC:
MICWF), a leading developer of waste treatment
systems for cannabis and food waste, has
announced that its shares are now eligible for
electronic clearing and settlement in the United States through the Depository
Trust Company ("DTC"). DTC is a subsidiary of the Depository Trust
& Clearing Corporation, a U.S. company that manages the electronic clearing
and settlement of publicly traded companies. DTC services provide cost benefits
for investors and brokers trading Canadian securities in the United States.
"Micron intends to become a unique
ancillary supplier to the rapidly growing American cannabis sector. In
particular, Micron aims to service multi-state operators expanding their cultivation
footprints and producing more waste under stricter regulatory and environmental
oversight," said Alfred Wong, Micron President and CEO. "DTC
eligibility is a natural evolution for our Company - our shareholders will
benefit from increased liquidity and a larger shareholder base in addition to
greater convenience and execution speeds."
Cannavore™ Update
Micron's Cannavore waste system prototype
continues to meet milestones at Aurora Cannabis Inc.'s Mountain facility near
Calgary, where is it undergoing full throughput processing and stress testing.
The world's first closed-loop cannabis waste processing system was designed to
Aurora's specifications to be a clean technology solution to process organic
waste generated from the growth and cultivation of cannabis, while mitigating
concerns about the potential environmental impact.
Micron currently has additional Cannavore
systems under construction, working with strategic partner BC Research Inc.
Micron's Organivore™ food waste system prototype is currently being upgraded
with new technology developed for the Cannavore.
Tiger Reef, Inc. (OTC:
TGRR), an emerging leader in cost-efficient
clean energy solutions targeting the CBD and legal Cannabis markets and
producer of ultra-premium rum under the Tiger Reef® brand designation, announced the
signing of a Letter of Intent for the acquisition of Atlas Solar Holdings, LLC.
The move represents a powerful step by
the Company as it aggressively pursues a dominant position as a provider of
tailored energy solutions targeting the $492 million market comprised of energy
demand from cannabis and CBD producers.
“In our conversations with cannabis and
CBD producers, the most important factor on these guys’ minds is how to
compress energy costs,” commented J. Scott Sitra, Tiger Reef’s President and
CEO. “According to our research, no one else out there is pursuing a pure-play
strategy targeting tailored solutions to that rapidly growing problem. We have
that solution and we are scaling up to make a run at dominating the niche.”
Management notes that Atlas Solar
currently owns and operates a total of 34 state-of-the-art industrial solar
installations producing over 420,000 KWh of solar electricity annually. As a
result of this production level, Atlas Solar earns over 420 solar renewable
energy credits (SRECs) per year. In addition, Atlas is producing positive net
cash flow of approximately $120,000 annually from operations directly related
to solar power generation.
“As we have previously communicated to
investors, one of the most important priorities with our newly accessed funding
is the rapid expansion of our primary operations as the leading solution for
the cannabis and CBD energy space,” continued Mr. Sitra. “Atlas Solar
represents a perfect example of our sense of a strong ROI deployment of those
funds because it directly augments the ammunition we have as we aggressively
market our solution to companies that represent an exciting combination: they
are both cash-rich and in sore need of a long-term path adjustment for energy
costs, which is precisely what we have to offer.”
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