Investor Ideas #Potcasts; #Cannabis News and #Stocks on the Move: (CSE:
$ISH.C) (CSE: $VAPN.C) (OTCQB: $DIGP) (CSE: $TER.C) (CSE: $OH.C)
Delta, Kelowna, BC –August 28, 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/08281ISH-VAPN-DIGP-TER-OH.asp
Today's podcast overview/transcript
Good afternoon and welcome to another episode of
Investorideas.com "Potcast" featuring 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, Scott McLeod, Gimaa (Chief) of the Nipissing First Nations, Ontario, commented on recent developments between the Ontario government and the Nipissing
First Nations. "Last week the Province of Ontario exercised authority
outside of its jurisdiction by issuing eight cannabis retail licenses to First
Nations communities. The Cannabis Act has downgraded the autonomy of First
Nations to maintain jurisdiction and create laws in our own territories by
forcing us to work with the Provinces instead of the Crown. First Nations must
have fair access to the economic potential to benefit our communities that the
lawful cannabis industry presents yet we are unnecessarily held back because an
error in the legislation is not being addressed because of an impending
election. Our communities cannot wait for the government to play politics with
our sovereignty or our potential to create jobs and economic opportunities for
our people. Our communities have been actively reaching out to Canadian
Government officials urging them to address this issue because we cannot afford
to wait and be left behind once again."
Inner Spirit
Holdings Ltd. (CSE:ISH), a Canadian company establishing a
national network of retail cannabis stores under its Spiritleaf brand, today announced it has filed its interim Financial
Statements and corresponding Management's Discussion and Analysis for the
quarter ended June 30, 2019. The filings are available for review on the
Company's SEDAR profile at
www.sedar.com as well as on the Company's website at
www.innerspiritholdings.com.
"The
lifting of the moratorium on cannabis retail store licences by Alberta Gaming,
Liquor and Cannabis (the "AGLC")
during the second quarter was precisely the springboard needed for Spiritleaf
to advance its business strategy. We also completed an over-subscribed $10
million financing in the quarter to help us further support the Spiritleaf
franchise network as well as open corporate-owned retail cannabis stores in
select locations. During the second quarter, we had six Spiritleaf cannabis
retail stores open, operating and generating financial results for the full
period. By the end of the third quarter, we're projecting our operations to
include up to 33 Spiritleaf retail cannabis stores, of which eight will be
corporate-owned outlets," said Darren Bondar, President and CEO of Inner
Spirit.
"We continue to implement our
business strategy by efficiently and effectively opening franchised and
corporate-owned Spiritleaf retail cannabis stores in key locations across the
country. We are operating in four provinces and growing our brand presence with
33 Spiritleaf stores projected to be fully operating by the end of the third
quarter and more than 40 by the end of this year. Our franchise model,
bolstered by selectively located corporate stores in jurisdictions where they
are permitted, is proving to be effective in helping us deliver top-quality
retail shopping experiences to more than 250,000 Spiritleaf customers to date.
We have strong support from our key strategic partners and shareholders –
Auxly, HEXO and Tilray – and we remain laser-focused on expanding our retail
network, enhancing our financial performance and creating value for
shareholders," said Bondar.
Vapen MJ (OTCQX:VAPNF) (CSE:
VAPN) a fully integrated agricultural
technology, services and property management company in the regulated cannabis
industry, announced that
it has been granted patent #10,231,948 for their metered dose inhaler from the
United States Patent and Trademark office.
This utility patent has simply one claim,
"an inhaler system consisting essentially of an actuator, a user
interchangeable canister assembly, purified cannabinoid from cannabis, isolated
terpene, ethanol, and a hydrofluorocarbon propellant. This patent is valid until 2038. Vapen MJ also has an unpublished patent
pending for additional claims on the inhaler system.
Vapen MJ is currently also doing white
label production of the CBD Inhaler and hopes to partner and/or license the
patent to a high-volume manufacturer that can reach more of the market with the
intrinsic benefits of the Inhaler delivery method.
The patent covers the Company's THC and
CBD inhaler device which uses a propellant to atomize the THC or CBD oil so it
can be deposited in the lungs, without heat. Vapen's inhalers offer a safe,
easy-to-use alternative to smoking, using edibles or other traditional methods
of consuming THC or CBD products. The Vapen inhaler administers a pressurized,
metered 10 milligram (mg) dose of pharmaceutical grade pure THC or CBD Isolate.
The result is a simple, convenient and accurate delivery system.
"We are very satisfied with the scope of
this patent covering the device, the delivered content, and the use of a
propellant, all key elements that enable this safe and convenient inhaler to
give customers simply the best way to get a precise and measured dose,"
commented Thai Nguyen, Founder and Chief Executive Officer of Vapen MJ Ventures.
"This broad utility patent brings tremendous value to our Company and our
brand, as well as new opportunities to drive sales, expand our market presence,
and increase shareholder value."
Digipath, Inc. (OTCQB:
DIGP), a leading independent testing
laboratory, data analytics and formulation firm focused on the developing
cannabis and hemp markets, announced that GroSciences, its wholly owned
subsidiary, has successfully completed beta-testing of its “Tru-Hemp ID” kit.
Tru-Hemp ID distinguishes hemp cultivars from drug-type I cannabis (which are
different genetic cultivars of cannabis) via a DNA test of the plant sample.
Under the 2018 Farm Bill that legalized
hemp cultivation, hemp is defined as having less than 0.3% delta-9-THC by dry
weight. As a result, compliance with the
2018 Farm Bill is usually determined by analyzing the THC content of a
particular plant sample. Tru-Hemp ID
offers a simpler method for determining the strain of a particular plant in the
form of a genetic test. A full analysis
of all data collected thus far using the Tru-Hemp ID kit that correlates the
genetic outcome of samples with their actual THC content will be forthcoming.
“Hemp farmers in North Carolina and
Vermont were very receptive to using the Tru-Hemp ID kit,” stated Cindy S.
Orser, PhD, Chief Science Officer, Digipath, Inc. “Farmers want to have the ability to
definitively verify what they are buying, particularly when purchasing hemp
seeds from other states or countries, or cannabis clones.”
Dr. Orser also spent time with the
Vermont Department of Agricultural staff, including the Vermont hemp program
director, Cary Giguere. Vermont, a
progressive cannabis state, already provides for the use of genetic testing to
discriminate hemp cultivars from drug-type I cannabis in lieu of a chemical
analysis of the mature flower for delta-9-THC content under the 2018 Farm Bill.
“It is rewarding to see our first genetic
product entering a successful beta test phase,” added Dr. Orser. “We are
enthusiastic about the market opportunity and the interest from hemp farmers
and hemp regulators.”
TerrAscend Corp. (CSE:
TER) (OTCQX:
TRSSF) the first and only cannabis company
with sales in Canada, the US and the EU,
today
announced the signing of definitive agreements for
a series of transactions to purchase ABI SF, LLC, which operates a Bay Area
cannabis cultivation facility and owns the State Flower brand. State Flower is
known for its ultra-premium cannabis flower and is currently sold through
dispensaries in California and Nevada, including The Apothecarium. TerrAscend
recently closed a series of transactions with The Apothecarium as noted in the
Company's press release of June 6, 2019. By agreeing to purchase State Flower
and bring aboard elite cultivation talent, TerrAscend will continue to provide
high quality product through its retail locations and will expand the State
Flower brand in multiple states.
TerrAscend has agreed to initially
acquire 49.9% of the equity of State Flower for total consideration of US$2.85M
from conversion of a previously issued convertible debenture and subject to
regulatory approvals.
TerrAscend has also extended a line of
credit of up to US$3.75M to State Flower for cultivation facility improvements
to expand production capacity. While
State Flower implements facility improvements, the parties will begin the
regulatory approval process for the full purchase of State Flower, under a
Securities Purchase Agreement.
TerrAscend also has future rights to use the State Flower brand pursuant
to a license agreement.
TerrAscend has agreed to purchase the
remaining 50.1% equity of State Flower for total consideration based on future
revenue over a predetermined twelve-month period. The transaction is subject to regulatory
approvals by various local and state authorities, as well as certain customary
closing conditions. Several of the
owners of The Apothecarium and their related entities have an ownership
interest in State Flower.
"We're excited to add the
prestigious State Flower brand to our portfolio," said Matthew Johnson, President
of TerrAscend Corp., and TerrAscend USA, Inc. "Daniel Wacks and Jeremy
Cohen are skilled cannabis cultivators with years of experience operating in a
highly regulated market and we are thrilled to work with them to expand the
State Flower facilities and brand presence. "
"Through our work with The
Apothecarium and TerrAscend, it's clear that we've found a great strategic and
cultural fit," said Daniel Wacks, President of State Flower. "We're
proud of the brand we've built and excited to have found a partner who
recognizes the quality of our team. We look forward to working together to
build best-in-class cultivation capabilities in all jurisdictions where
TerrAscend operates, to expand the State Flower brand presence, and become part
of an inspirational team that's making major progress towards becoming one of
the top companies in the sector."
CannaRoyalty
Corp. d/b/a Origin House (CSE:
OH) (OTCQX:
ORHOF),
a North American cannabis products and brands company today
announced its financial results for the three and
six-month periods ended June 30, 2019. All figures are reported in Canadian
dollars ($), unless otherwise indicated. Origin House's financial statements
are prepared in accordance with International Financial Reporting Standards.
For a more comprehensive overview of the
Corporate and Financial highlights presented in this press release, please
refer to Origin House's Management Discussion and Analysis of the Financial
Condition and Results of Operations for the three and six months ended June 30,
2019, and the Company's Condensed Interim Consolidated Financial Statements for
the three and six months ended June 30, 2019, which will be filed on SEDAR by
August 29, 2019.
Marc Lustig, Chairman and CEO of Origin
House commented, "I am very proud of the entire Origin House team for
generating another quarter of record revenue growth, leveraging the California
brand support and distribution platform we built over the past several years,
to deliver results for shareholders. It speaks to the strength and maturity of
our organization that we were able to increase our share of shelf in California
while preparing to integrate with Cresco Labs. To that end, in this quarter, we
successfully executed on the sale of Alternative Medical Enterprises LLC generating
a 156% return on investment, our distribution division Continuum entered into a
distribution agreement with Cresco and began distributing Cresco branded
products across California, and we have made substantial progress on
post-closing groundwork."
Mr. Lustig continued, "In
California, we have built a foundation that is capable of supporting a much
larger business and expect to begin to drive significant operating leverage as
we continue to grow revenue. With additional regulatory pressure on the illegal
market in California, we expect 2020 to be a big year in the state. I am as
confident as ever that the combination of Cresco Labs' scale, expertise and
brand portfolio with Origin House's proven track record of leveraging our
California-wide distribution footprint, is the best way for shareholders to
participate in this growth. Together, we will be well-positioned to build a
national, and one day, global house of brands."
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