Investor Ideas #Potcasts; #Cannabis News and #Stocks on the Move: (CSE:
$TRUL.C) (TSX: $TRST.TO) (CSE: $PLTH.C) (CSE: $HITI.C)
Delta, Kelowna, BC –September 6, 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/09061TRU-TRST-PLTH-HITI.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.
Trulieve Cannabis
Corp. (CSE: TRUL) (OTCQX: TCNNF), announced that in response to the catastrophic
damage left behind by Hurricane Dorian in the Bahamas and the southeastern US
seaboard, the company has launched a statewide relief effort to help the
affected areas as they recover from the storm's wake.
Through
its established statewide distribution system, Trulieve will be accepting
donations of necessary and critical supplies at each of their 31 Florida
locations. Requested items include, but are not limited to: water,
non-perishable foods, first aid items, batteries, baby food and formula,
diapers, cleaning supplies, toiletries, pet food, and more. These items will be
distributed directly to those in need in partnership with third-party relief
organizations.
"After
experiencing Michael and seeing the devastation left behind in our own state
last year, we understand all too well the need that people affected by Dorian
are facing. Our communities were eager to step up last year to help us rebuild
and we are fortunate to be able to help organize a collection drive to help
efforts again this year," said Trulieve CEO Kim Rivers. "Our
statewide distribution system is in place and will be collecting supplies from
each store, which will be delivered to the communities in need through local
relief organizations. We aim to help as many people affected by Hurricane
Dorian as possible."
CannTrust Holdings
Inc. (TSX: TRST) (NYSE: CTST) announced that both the Special Committee of its
Board and its new executive leadership team continue to make progress on
bringing CannTrust's operations and procedures into full regulatory compliance
and ensuring the Company's future. As part of these efforts, the Company is reducing
its workforce.
"We
have made the extremely difficult decision to restructure our workforce to
reflect the current requirements of our business," said Mr. Robert
Marcovitch, CannTrust's interim Chief Executive Officer. "These changes also position the Company
to better serve our patients and customers with high quality, innovative
products in the future."
CannTrust
reduced its workforce by approximately 180 people, or 20%. This action is
expected to result in annual cash savings of about $9 million, as well as the
Company recording approximately $2 million in severance costs. The majority of the affected employees were
in cultivation and customer service support roles.
"Over
the past two months, we have moved swiftly to assess and address the Health
Canada report indicating areas of non-compliance in our operations, as well as
the findings of the Special Committee's independent investigation,"
continued Mr. Marcovitch. "We remain fully committed to building the
organization we need for future success and rebuilding the trust of all of our
stakeholders."
"CannTrust
is committed to acting decisively on the findings from the Special Committee's
investigation and on executing its Remediation Plan in a timely manner,"
concluded Mr. Marcovitch. "Furthermore,
we are currently developing a comprehensive go-forward business strategy. I
look forward to sharing our vision for CannTrust's successful future over the
weeks and months to come."
Planet 13 Holdings Inc. (CSE: PLTH) (OTCQX: PLNHF) announced that the Cannabition Cannabis Museum has
entered into a lease with Planet 13 to be part of the Las Vegas Cannabis
Entertainment Complex. Cannabition
previously operated a 10,500 sq. ft. cannabis-themed immersive art museum in
Las Vegas featuring more than 20 unique, cannabis inspired installations that
celebrate the art, culture and history of the medical and recreational cannabis
experience. For more details on Cannabition please visit
https://cannabition.com. To view Cannabition's plans for the
SuperStore please visit
here.
"Cannabition's
multi-level immersive cannabis art museum fits perfectly with the SuperStore
mission to create an interactive and differentiated cannabis-based
experience," said Larry Scheffler Co-CEO of Planet 13. "The
SuperStore's addition of a Café, Pizzeria, event center, customer facing
production facility, and now Cannabition will continue to cement the
SuperStore's reputation as a one-of-a-kind shopping and entertainment
destination in Las Vegas. Creating an
experience that no dispensary in the world can replicate."
J.J.
Walker, Founder of Cannabition added, "The SuperStore, which already hosts
over 3,000 cannabis enthusiasts per day, is the perfect location to bring
Cannabition to a huge new audience and to be a part of the premier cannabis
destination in the world. Our interactive cannabis-themed art museum has been
featured on CNN, Conan O'Brian, and CNBC and I know Planet 13 visitors will
love our immersive exhibits, innovative event space and curated retail
store."
The
lease is for a five-year term, with an option to extend for an additional three
years. As of the date of this press release, the anticipated size of the Cannabition
premises is 7,000 square feet. Although
the final opening date remains subject to obtaining regulatory approvals in
Nevada, the parties anticipate that the facility will open in Q2 of 2020.
High Tide Inc. (CSE:HITI) (OTCQB:HITIF) announced that the Canna Cabana retail stores
located in Unit #610 at 20 Crowfoot Crescent NW in Calgary and at 4806 50
Avenue in Vegreville both received their first deliveries of cannabis products
from Alberta Gaming, Liquor and Cannabis ("AGLC") and has begun
selling recreational cannabis for adult use.
Grand
opening festivities will be held at each of the New Stores on Saturday,
September 7. The Company currently has 23 branded Canna Cabana locations
selling recreational cannabis products across Canada, inclusive of the New
Stores.
High
Tide's next Canna Cabana location is licensed and expected to be operating as a
retail cannabis store by mid-September. With the opening of the first KushBar
location in the coming weeks, the Company will soon have 25 branded retail
cannabis locations across Canada, barring any changes to the current rate of
licensing by AGLC.
"Our company continues to execute on its
growth plans by adding a great location in northwest Calgary while expanding
into the new market of Vegreville," said Raj Grover, President and Chief
Executive Officer of High Tide. "With every new store we are solidifying
Canna Cabana as Canada's favourite retail cannabis brand, which is becoming
clear from our top-ranked customer reviews," added Mr. Grover.
The
remaining Canna Cabana and KushBar stores needed to achieve the AGLC's maximum
of 15% market share are currently under various stages of development and
construction. Outside of Alberta, High Tide currently has a Canna Cabana retail
cannabis store in Swift Current, Saskatchewan, along with 3 branded locations
in Hamilton, Sudbury and Toronto, Ontario.
Potcast
Sponsor
Today’s podcast
was sponsored by CBDollars. CBDollars is the first group of its kind designed
to turn everyday people into entrepreneurs of one the largest, most profitable
industries that will ever happen in this country. CBDollars will teach its
members how to invest in the cannabis industry through stocks, ETFs, and as
Angel Investors; start a wholesale store for a brick and mortar business; start
an online store as a dropshipper;
private label your own products from edibles to beauty & More. Join
CBDOLLARS to lean more. Follow us on Facebook
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