Cannabis stocks news - daily news on stocks on CSE, TSX, TSXV, OTC, NASDAQ and NYSE from InvestorIdeas.com
Friday, 31 January 2020
Investor Ideas #Potcasts, #Cannabis News and #Stocks on the Move; Interview with Co-Founder/CEO of Greenlane Enterprises (NASDAQ: $GNLN)
Investor
Ideas #Potcasts, #Cannabis News and #Stocks on the Move; Interview with
Co-Founder/CEO of Greenlane Enterprises (NASDAQ: $GNLN)
Delta, Kelowna, BC, January 31, 2020 (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 podcast
edition of 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/2020/cannabis-potcasts/01311Interview-NASDAQGNLN.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 Investorideas interview Aaron Locascio, Co-Founder and CEO of Greenlane Holdings Corp. (NASDAQ:
GNLN) where we discussed the companies most recent
announcements, the cannabis accessories market and how Greenlane has worked to
establish itself as one of the premium suppliers of cannabis accessories
throughout North America and their expansion into the EU and other Global
markets.
Greenlane
is one of the largest global sellers of premium cannabis accessories, CBD and
liquid nicotine products. The company operates as a powerful house of brands,
third party brand accelerator and distribution platform for consumption devices
and lifestyle brands serving the global cannabis, CBD, and liquid nicotine
markets with an expansive customer base of more than 11,000 retail locations,
including licensed cannabis dispensaries, and smoke and vape shops. Greenlane
has an established track record of partnering with brands through all stages of
product life cycle, providing a range of services including product
development, go-to-market strategy, sales and marketing support, market
research, customer service, direct-to-consumer fulfillment, warranty repair,
supply chain management, and distribution. In addition to owning and operating
its own brands, Greenlane is the partner of choice for many of the industry’s
leading players including PAX Labs, (Canopy-owned) Storz & Bickel, JUUL,
Grenco Science, Firefly, DaVinci, Select, Sherbinskis, Bloom Farms, Mary’s
Nutritionals, Cookies and dozens of others. Greenlane’s house of brands is
comprised of child-resistant packaging innovator Pollen Gear; VIBES rolling
papers; the Marley Natural accessory line; the Keith Haring accessory line,
Aerospaced & Groove grinders, and Higher Standards, which is both an
upscale product line and an innovative retail experience with flagship stores
at New York City’s famed Chelsea Market and Atlanta’s Ponce City Market. The
company also owns and operates Vapor.com, an
industry leading e-commerce platform which offers convenient, flexible shopping
solutions directly to consumers.
When
asked how the company goes about their selection process for bringing in new
brands and products, Aron commented, “We look at a combination of factors,
including the premium nature of the products as we do have a strong emphasis on
premium products, that being said we also watch trends in the marketplace very carefully.
Having been in business for 15 years now in this industry, which is an
incredible amount of time in this industry, we now have an incredible amount of
data that we’re able to leverage to find potential gaps in the marketplace and
to fill those gaps either with existing brands or with our in house brands.”
The company also recently
announced a comprehensive distribution agreement with Advanced
Vapor Devices, a high-tech manufacturer of vaporizer cartridges and batteries,
for AVD products, including its entire suite of glass and resin cartridges,
glass disposable cartridges, and rechargeable and disposable batteries.
Under the terms of
the agreement, Greenlane will distribute AVD’s Easy-Press Glass Cartridge, the
industry’s first glass cartridge with a thumb snap-on, tamper-proof locking
system, which is designed to reduce bottlenecks in rapid high-end,
high-production filling and capping environments.
“We are excited to
be partnering with AVD to bring its innovative vaporization technology to
market,” said Aaron LoCascio, Chairman and Chief Executive Officer of
Greenlane. “AVD’s product technology delivers fulsome flavors without
compromising on cartridge and battery reliability or integrity. We will
leverage our expansive distribution network to make AVD’s full suite of
products available to consumers through licensed cannabis dispensaries, as well
as smoke and vape shops throughout North America.”
Greenland recently
expanded in the EU and when asked about future expansion Aaron commented,
“There are two particular markets that are of interest to us where we haven’t
launched a full-blown operation yet and they are South America, where we are working
with a local partner in the Argentinian market, and also Australia is of
interest to us. Those are the next two markets we are evaluating.”
Aaron went on to
discuss their European operations saying, “In Europe in particular, one of the
opportunities and challenges that still exist today is there is a lot of
fragmentation in distribution out there. So bringing some of our best practices
to the Conscious Wholesale Organization, the acquisition that we made, we think
will make a very meaningful difference in the growth trajectory of our European
business. Also it's dealing with so many different languages in Europe that can
be another challenge as well.”
Aaron went on to
discuss the company's goals for 2020, expectations for the industry as a whole
and which brands and tech coming out are most exciting.
Investor ideas
reminds all listeners to read our disclaimers and disclosures on the
Investorideas.com
website and this podcast is not an endorsement to buy products or services or
securities. Investors are reminded all investment involves risk and possible
loss of investment
Learn more about
our cannabis podcasts at https://www.investorideas.com/Audio/Potcasts.asp
Investorideas.com
podcasts are also available on iTunes,
Spotify, Google Play Music, Stitcher, Spreaker, YouTube via Spreaker, iHeartradio and Tunein.
Potcasts is now a certified
word mark Trademark on the blockchain through Cognate, Inc. CM
Certification-Registration Number: 10468217708
About Investorideas.com - News that
Inspires Big Investing Ideas
Investorideas.com
is a recognized news source publishing third party news, research and original
financial content. Learn about investing in stocks and sector trends with our
news alerts, articles, podcasts and
videos, looking at cannabis, crypto, AI and IoT, mining, sports biotech, water,
renewable energy and more. Investor Idea’s original branded content includes
the following podcasts and columns : Crypto Corner , Play
by Play sports and stock news column, Investor Ideas
Potcasts Cannabis News and Stocks on the Move podcast and
column, Cleantech
and Climate Change , Exploring
Mining the AI
Eye .
Disclaimer/Disclosure: Investorideas.com is a
digital publisher of third party sourced news, articles and equity research as
well as creates original content, including video, interviews and articles.
Original content created by investorideas is protected by copyright laws other
than syndication rights. Our site does not make recommendations for purchases
or sale of stocks, services or products. Nothing on our sites should be
construed as an offer or solicitation to buy or sell products or securities.
All investing involves risk and possible losses. This site is currently
compensated for news publication and distribution, social media and marketing,
content creation and more. Disclosure is posted for each compensated news
release, content published /created if required but otherwise the news was not
compensated for and was published for the sole interest of our readers and
followers. Contact management and IR of each company directly regarding
specific questions. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other
news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com Global investors must adhere to regulations of
each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp
Investor Ideas does not condone the use of
cannabis except where permissible by law. Our site does not possess,
distribute, or sell cannabis products.
Follow us on Cannabis Social Media
Contact Investorideas.com
800-665-0411
#Cannabis/ Therapeutic #Stock News-American Premium Water Corp (OTC: $HIPH) Expanded Vanexxe #VaricoseVein Treatment Product Distribution in Australia with Nutra Pty. Ltd
#Cannabis/ Therapeutic #Stock News-American Premium
Water Corp (OTC: $HIPH) Expanded Vanexxe #VaricoseVein Treatment Product
Distribution in Australia with Nutra Pty. Ltd
The
global varicose vein treatment market was valued at $376.64 million in 2017,
and is expected to reach $589.06 million by 2025, growing at a CAGR of 5.7%
from 2018 to 2025.- Allied Market Research
PLAYA VISTA, CA, January 31, 2020 (Investorideas.com Newswire) American Premium Water Corporation (OTC: HIPH) recently reported that Canyon Create Corp, the manufacturer of
Vanexxe has entered into a Letter of Intent (LOI) with Nutra
Pty. Ltd. (Nutra), an Australian corporation with
extensive reach in distribution of personal products, to engage in the licensed
production and sale of Vanexxe throughout Australia and Southeast Asia. The
Company has an equitable interest in Canyon Create Corp.
Read this news featuring HIPH in full at https://www.investorideas.com/news/2020/cannabis/01311OTCHIPH-Vanexxe.asp
American Premium Water Corporation CEO Ryan
Fishoff commented, “This is an exciting day for Vanexxe! Not only is this
ground breaking product expanding to Australia, its also being evaluated by the
TGA to be classified for therapeutic use. If approval is given, it will greatly
expand the number of channels that can sell the product. It will also offer
further validation of the product and its efficacy. The LOI with Nutra Pty
falls in line with our focus on international expansion, and has been in the
works for some time, as the Company stated back in July that it was in discussions with distributors
across the Pacific Rim. Establishing a foothold in the Pacific has been a
stated goal of the Company’s. As we move into 2020, we will continue to focus
on expanding into this region. I look forward to updating shareholders when the
Nutra Pty LOI is completed and the Company’s other activities in the area.”
The Therapeutic Goods Administration (TGA) is
the regulatory body for therapeutic goods (including medicines, medical
devices, gene technology, and blood products) in Australia. The LOI with Nutra
stipulates that they would be responsible for the manufacturing and
distribution of Vanexxe in Australia and surrounding regions in Southeast Asia.
Nutra will also take the lead in shepherding the product through the approval
process of the TGA. Australia is one of the world’s largest economies, having
the 14th largest GDP globally.
Canyon Create Founder and President, Campbell
McAuley, said: “This is the most encouraging news to date that we will be able
to have our products marketed extensively in Australia and in the Southeast
Asian region based on this anticipated approval by the TGA. We are confident
that Nutra is an excellent manufacturing partner that will be able to meet our
expectations, resulting in what we project will be the production and sale of
hundreds of thousands of units of Vanexxe, as well as our other skin care
topical brands.”
LALPINA CBD water can be purchased online at
visiting https://www.singleseed.com/product/lalpina-cbd-water-6-pack/
LYNKS Pet CBD Water can be purchased online:
Vanexxe can be purchased on Amazon here
Vanexxe Varicose Vein Treatment - vein
support for varicose veins and to help reduce the appearance of varicose veins
Price: $49.99 ($25.00 / Fl
Oz)
·
VISIBLE RESULTS IN 45 minutes - 2
hours THANKS TO THESE ALL NATURAL INGREDIENTS Ginko Biloba, Activated B
Vitamins, Antioxidants, and Peptides
·
We pride ourselves on lab-tested,
pesticide, metal, toxin, and cruelty free products. All of our product
ingredients are ethically formulated in FDA approved laboratories and CGMP
compliant facilities. We insure performance-based ethical products with the collaboration
of industry leading dermatologists, clinicians, aroma therapists, skincare
specialists and beauty experts.
The Company’s research report was recently
updated by Ludlow Research with a short-term price target of $0.03. To read
full report, risks, and disclosures, click here
About American Premium Water Corp.
American Premium Water (HIPH) is a diversified
luxury consumer products company focused on businesses in the health and beauty
and biotech sectors. The company is focused on harnessing the powers of Nano
technologies paired without cannabidiol (CBD) to treat health disorders and
enhance quality of life. The company’s portfolio includes the LALPINA Hydro and
LALPINA CBD brands (www.lalpinahydrocbd.com),
Gents (www.gentsco.com), Vanexxe (www.vanexxe.com) and plant + body
essentials (www.plantbodyessentials.com).
American Premium Water strives in providing
only the highest quality CBD sources for its products, with quality control
being one of our first and foremost focuses. The Company aims for this standard
not only for compliance reasons, but also to provide our customers the highest
quality product possible.
About Canyon Create Corp.
Canyon Create Corp., a Nevada Corporation, is
the developer of Vanexxe (www.vanexxe.com), a patented cosmetic cream that uses
a proprietary formulation to eliminate the appearance of varicose veins. The product
works by simultaneously bringing
heightened blood flow to the bulged vein valve, allowing it to pull away
from the dermis and return to a more normal condition, and increases the
elasticity in the upper skin layers to provide healthier skin, assisting in
moving the vein back to a non-visible location.
Safe Harbor Notice
Certain statements contained herein are
“forward-looking statements” (as defined in the Private Securities Litigation
Reform Act of 1995). American Premium Water Corporation cautions that
statements made in this news release constitute forward-looking statements and
makes no guarantee of future performance. Forward-looking statements are based
on estimates and opinions of management at the time statements are made. These
statements may address issues that involve significant risks, uncertainties,
estimates and assumptions made by management. Actual results could differ
materially from current projections or implied results. American Premium Water
Corporation undertakes no obligation to revise these statements following the
date of this news release. Additional
details of the Company's business can be found in its public disclosures as a
reporting issuer under the Securities Exchange Act of 1934 filed with the
Securities and Exchange Commission's ("SEC") EDGAR database.
This press release is issued on behalf of the
Board of Directors of American Premium Water Corporation.
Investor Relations
888-983-0054
The global varicose vein treatment market was valued at $376.64
million in 2017, and is expected to reach $589.06 million by 2025, growing at a
CAGR of 5.7% from 2018 to 2025.- Allied Market Research
News -Disclaimer/Disclosure: Investorideas.com
is a digital publisher of third party sourced news, articles and equity research
as well as creates original content, including video, interviews and articles.
Original content created by investorideas is protected by copyright laws other
than syndication rights. Our site does not make recommendations for purchases
or sale of stocks, services or products. Nothing on our sites should be
construed as an offer or solicitation to buy or sell products or securities.
All investment involves risk and possible loss of investment. This site is
currently compensated for news publication and distribution, social media and
marketing, content creation and more. Contact each company directly regarding
content and press release questions. Disclosure is posted for each compensated
news release, content published /created if required but otherwise the news was
not compensated for and was published for the sole interest of our readers and
followers. Disclosure : this news release HIPH is a paid for news release on
Investorideas.com More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our
other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com
Please
read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp
About Investorideas.com
Sign up for free stock
news alerts at Investorideas.com
Get
more Cannabis
Stock Investor Ideas - news, articles, podcasts and stock directories
Thursday, 30 January 2020
Wednesday, 29 January 2020
Investor Ideas #Potcasts, #Cannabis News and #Stocks on the Move; (OTC: $EDXC), (TSXV: $LIFT.V) (CSE: $CURA.C) (CSE: $AGRA.C) (CSE: $IMCC.C)
Investor
Ideas #Potcasts, #Cannabis News and #Stocks on the Move; (OTC: $EDXC), (TSXV: $LIFT.V) (CSE: $CURA.C)
(CSE: $AGRA.C) (CSE: $IMCC.C)
Delta, Kelowna, BC, January 29, 2020 (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 podcast edition of 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/2020/cannabis-potcasts/01291EDXC-LIFT-CURA-AGRA-IMCC.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 of this week’s announcements.
CBD Unlimited, Inc. (OTC: EDXC), formerly known as Endexx
Corporation, a provider of innovative phytonutrient-based food and nutritional
products, announced that the Company has been invited
for an exclusive interview taking place at the Nasdaq MarketSite in Times
Square, New York City on Wednesday, February 5th, 2020.
Mr.
Todd Davis, CBD Unlimited’s Chairman and CEO, will be addressing the Company’s
recent business developments and rapid growth of the CBD market. Once recorded,
the interview will be released and immediately accessible to the public. This
interview comes quickly after the Company’s new product suite launch and
announcements of news related to additional international markets.
“We
are thrilled to have the opportunity to share our recent developments and
outlook for 2020 at the Nasdaq MarketSite in New York City,” commented Todd
Davis, CEO and Chairman of CBD Unlimited. “2019 proved to be a tremendous year
for our Company and we look forward to updating our audience on several new
initiatives. Our team continues to cohesively exceed expectations while
innovating new products and delivering to our customers. We look forward to
sharing our updates directly from one of the top exchanges in the world right
in the heart of New York City.”
Lift & Co.
Corp. (TSXV:LIFT) (OTCQB:LFCOF) announced the results of the fourth-annual
Lift & Co. Cannabis Business Conference (LCBC) and Expo Vancouver, which
took place January 9-11, 2020.
This
was Canada’s first major cannabis event of the year and occurred just as
Cannabis 2.0 started rolling out across the country. New cannabis product
formats are a highly anticipated market catalyst, estimated to bring in more
than $2.5 billion annually, making LCBC and the Expo an essential launchpad for
new products and a must-attend event for brands looking to resonate early with
new consumers.
Highlights
included:
●
Lift & Co. streamlined the Expo weekend
to one Industry Day and one Consumer Day to offer more targeted programming for
each attendee segment;
●
The total number of exhibitors at the Lift
& Co. Cannabis Expo increased 15% to over 300 booths covering 162,000
square feet of the Vancouver Convention Centre;
●
Total revenues were $2,574,832 for the
event, an increase of 14% compared to the 2019 Vancouver event, with operating
margin expected to be similar to previous Expos, in the range of 40% to 50%;
●
The weekend featured over 120 speakers,
including the industry’s top thought leaders from Canada and around the world;
●
Several new products launched at the Lift
& Co. Cannabis Expo including: BevCanna, who served non-infused versions of
its upcoming iced tea and sparkling botanical drink; Haven St. introducing its
new line-up of 5 premium infused teas; TOQi which launched the industry’s first
wireless charging vape pen; and more.
“The
increase in both exhibitors and revenue this year in particular demonstrates
the value of the Lift & Co. events platform in the cannabis industry. We’re
proud to see this continued growth in our events business, especially during a
time when overall growth in the market didn’t always meet expectations,” said
Matei Olaru, CEO of Lift & Co. “As we look ahead to a brand-new year in the
industry, this Vancouver conference and tradeshow illuminated a vibrant future
filled with opportunity, making it a must-attend event for investors,
professionals and consumers now and in the future.”
The
industry programming at the 2020 Vancouver LCBC and Expo signaled the evolution
of cannabis into the next major consumer packaged goods (CPG) industry.
Following the launch of Cohesion by Lift & Co. in 2019 and the subsequent
introduction of Cohesion
Segmentation—powered by Nielsen, Lift & Co. also further solidified its
position as a CPG data player to-watch in 2020 at the event. The Company’s
Chief Revenue Officer, Jon Kamin, shared the stage with executives from two of
the Company’s key partners from 2019, Nielsen and EY Canada, for Thursday’s
LCBC Keynote, moderated by Ipsos, on data analytics, consumer segmentation and
creating a data-centric organization in cannabis. On the Expo Fire & Flower Stage, Sean Copeland,
VP of Data, Lift & Co. honed in on data and market research alongside
representatives from IBM Canada, Ipsos, and BDS Analytics.
Cohesion is a
cannabis consumer insights platform with national coverage, launched by Lift
& Co. on September 10, 2019. Cohesion
draws from millions of Lift & Co.’s cannabis consumer and budtender data
points, accumulated through verified reviews, purchase receipts and brand
research on the Lift.co and CannSell platforms. In November, 2019, Lift &
Co. announced a strategic partnership with Nielsen for an industry-first
cannabis consumer profiling and segmentation tool, Cohesion Segmentation - powered by Nielsen, followed by the
addition of Adobe Advertising Cloud demand-side-platform (DSP) in December,
2019. This enhancement gives Cohesion
clients the ability to understand their target consumer segments and their
likely purchase habits, and then seamlessly deliver compliant programmatic
advertising and digital media buys to these segments through one platform.
Cohesion
is available today to industry participants as a monthly service by contacting
the Company.
At
its booth, Lift & Co. also revealed an early version of the new Lift &
Co. App, a new offering that will bring the power of the Lift.co platform into
the pockets of consumers and budtenders. Within the app, consumers or
budtenders can take a photo of a cannabis package label for immediate access to
the tens of thousands of cannabis product reviews on Lift.co. After a purchase,
consumers can upload a photo of their receipt directly on the app to earn Lift
Points. The app is a new source for much-needed product education from Lift
& Co. and will further enable the Company to tap into essential consumer
and retail data insights available to the cannabis industry through Cohesion. More on the Lift & Co. App
will be announced in the coming months.
Listen
to Investorideas recent interview with CEO Matei Olaru here
Curaleaf Holdings,
Inc.
(CSE: CURA) (OTCQX: CURLF), a leading vertically integrated
cannabis operator in the United States, announced it will open Cape Cod's first
adult-use retail dispensary today, on Wednesday, January 29, 2020 at noon.
The
retail store is located at 170 Commercial Street in the heart of Provincetown
and will be open seven days a week. Normal hours of operation are 10am – 6 pm
from Monday through Saturday and 10am – 5pm on Sunday during the winter and
early spring.
"We
are very excited to bring the first adult-use cannabis dispensary to Cape Cod.
Provincetown is a vibrant community where we plan to hire over 30 people and
become engaged with the cultural activities, charities and local initiatives
that are important and make the Outer Cape and Provincetown so special,"
said Patrik Jonsson, President of Curaleaf Massachusetts
.
"As
one of the largest cannabis companies in the United States, we are proud to be
based right here in Massachusetts and to be expanding our presence across the
Commonwealth," said Curaleaf CEO Joseph Lusardi. "Providing high
quality and reliable products to patients and customers in our home state is a
key part of Curaleaf's mission."
The
company opened its first adult use location in Oxford, Massachusetts in 2019,
co-located with its medical dispensary. Curaleaf also plans to open another
adult use retail location in Ware, MA this spring, pending regulatory approval.
Curaleaf currently employs 65 people at its national headquarters in Wakefield,
MA and another 148 employees at its local Massachusetts operations, which also
includes a medical dispensary in Hanover, MA and a processing and cultivation
facility in Webster, MA. Over the past year, Curaleaf has grown to become one
of the largest cannabis companies in the United States under the leadership of
CEO Joseph Lusardi, a Massachusetts native.
IM Cannabis Corp. (CSE: IMCC), one of the world's pioneering
medical cannabis companies with operations in Israel and across Europe, announced that on January 23, 2020 it signed
definitive agreements to establish a medical cannabis cultivation and
processing joint venture in Greece. The Company's Joint Venture partner is
Galen Industries Single Member Societe Anonyme, a Greek company established by
a consortium of investors in Greece with extensive experience in the
pharmaceutical, media, finance and energy sectors. In addition, the Joint
Venture and IMC have signed a preferred supply agreement in which IMC has the
right to purchase up to 25% of the total production from the Joint Venture. IMC
expects to gain commercial and competitive advantages by supplying the German
market and other emerging markets across Europe with EU-GMP medical cannabis
products from the Joint Venture's facility in Greece at preferred terms.
"Expanding
IMC's operations to Greece is another significant milestone in our
Europe-focused growth strategy and we have found excellent local partners that
share the same vision as we do," said Oren Shuster, Chief Executive
Officer. "Similar to Israel, Greece possesses excellent natural growing
conditions for the cannabis plant. Once the Joint Venture receives EU-GMP
certification, it will augment the sources from which the Company procures
IMC-branded medical cannabis products for medical patients in Germany at first
and throughout Europe over time."
Galen's
Managing Director, Mr. Vasileios Georgopoulos said, "IMC was carefully
selected as our partner due to its proven track record and is a distinguished
brand of medical cannabis in Israel and Europe, which gives us great confidence
in this Joint Venture in combination with our local market expertise. The medical
cannabis market in Europe is a very large long-term opportunity and we will
move quickly with IMC to establish an early advantage through this very focused
Joint Venture. We are incredibly happy to partner with a great global player,
while supporting the growth of a new medical industry in the recovering Greek
market. We expect the Joint Venture to create many new job opportunities in the
coming years."
AgraFlora Organics
International Inc. (CSE: AGRA) (OTC: AGFAF), a growth oriented and diversified
international cannabis company, announced that construction at the Company’s
industry-leading automated edibles manufacturing facility is expected to be
completed in the next 60 days, with approximately 75% of the work having been
completed.
The
Company anticipates the Winnipeg Edibles Facility will submit its Health Canada
affirmation of readiness and video evidence package shortly after completion of
construction. The Company is working with industry-leading experts to manage
the timing and quality of the Evidence Package Submission and expects the
Standard Processing License to be granted at the Winnipeg’s Edibles Facility by
summer 2020.
“Completing
the construction and licensing of the Winnipeg Edibles Facility is a strategic
priority for AgraFlora in 2020,” said Brandon Boddy, CEO of the Company.
“Edibles have only been broadly available to Canadian consumers starting in
2020 and the industry is still struggling to manage quality and inventory
levels. Our team in Winnipeg has a century of candy making experience, and our
facility is designed to produce high-quality, consistently dosed edibles using
smart automation investments to reduce costs as much as possible. Once
licensed, we expect to be disruptive in the edibles space.”
The
Winnipeg Edibles Facility is a state-of-the-art commercial scale edibles
facility that features industry leading manufacturing equipment and automation
for the production of cannabis edibles. The facility’s initial focus will be
the production of THC and CBD infused cannabis gummies which management
believes will be the largest category of cannabis edibles in Canada. The
facility is designed and operated by the Company’s joint-venture partner
holding nearly a century of confectionary manufacturing experience. The
facility design, workflow and equipment will allow the production of cannabis
edibles with unparalleled quality and consistency of dosing. In addition,
strategic investments in automation will allow the Winnipeg Edibles Facility to
reduce its operating costs.
Some
key facility highlights include:
●
Automated
Manufacturing: the custom
developed confectionary line utilizes automated mixing, cooking and depositing
systems to allow cannabis edibles to be produced from raw materials and
cannabis inputs with little human intervention. This process reduces labour
costs versus more manual manufacturing systems, increases throughput and
increases product consistency.
●
Smart
Recipe Management: the facility’s manufacturing equipment is
all computer controlled with each recipe custom programed to the exact required
specifications. This ensures that recipes are followed exactly, increasing the
consistency and predictability of the final product. In addition, the smart recipe management
facilitates faster recipe changes, increasing the flexibility of the production
line.
●
Pharmaceutical
Grade Dose Management: consistent dosing of the cannabis edibles
is vital to maintain regulatory compliance and consumer confidence. The
equipment utilized by the Winnipeg Edibles Facility is pharmaceutical grade
meaning it is capable of precisely dosing the edibles with cannabinoids.
Furthermore, the best-in-class design means the cannabinoids are deposited into
the edibles after the mixing and cooking process, removing the requirement to
blend bulk batches of in-process edibles, which can create challenges to the
maintenance of consistent dosing.
●
Rapid
Batch Turn-Over: the depositing system utilizes a double-headed design
which facilitates rapid switching between recipes. The system has been designed
to facilitate this rapid turnover without creating a risk of cross-contamination
between batches. This increases the facility’s flexibility to produce
additional SKU’s as compared to a single-headed depositing system.
●
Robust
Clean-In-Place Systems: the equipment has been fitted with an
automated clean in place system that utilizes advanced systems to rapidly and
effectively clean and sanitize the production equipment without disassembly or
transportation to a cleaning bay. This will greatly reduce the labour required
to maintain a sanitary production environment and increase daily throughput by
reducing equipment downtime due to cleaning.
“We
have seen in the data from the United States and the early sales in Canada that
gummies are the preferred edible form factor, and our JV partner has circa 100
years of experience producing candy confectionaries such as gummies,” continued
Brandon Boddy. “We’ve been strategic in our investments in automation to ensure
our line is industry leading from a cost perspective, but also very flexible to
accommodate different sizes of production run, flavours and cannabinoid
contents. Over time, our equipment will allow us to branch out beyond gummies
into chocolates, caramels, hard candies and more complex infused confections.”
Investor ideas
reminds all listeners to read our disclaimers and disclosures on the
Investorideas.com
website and this podcast is not an endorsement to buy products or services or
securities. Investors are reminded all investment involves risk and possible
loss of investment
Learn more about our
cannabis podcasts at https://www.investorideas.com/Audio/Potcasts.asp
To hear more Investorideas.com
podcasts visit: https://www.investorideas.com/Audio/.
Investorideas.com
podcasts are also available on iTunes,
Spotify, Google Play Music, Stitcher, Spreaker, YouTube via Spreaker, iHeartradio and Tunein.
Potcasts is now a certified
word mark Trademark on the blockchain through Cognate, Inc. CM
Certification-Registration Number: 10468217708
About Investorideas.com - News that Inspires
Big Investing Ideas
Investorideas.com
is a recognized news source publishing third party news, research and original
financial content. Learn about investing in stocks and sector trends with our
news alerts, articles, podcasts
and videos, looking at cannabis, crypto, AI and IoT, mining, sports biotech,
water, renewable energy and more. Investor Idea’s original branded content
includes the following podcasts and columns : Crypto
Corner , Play by Play sports and stock news column, Investor
Ideas Potcasts Cannabis News and Stocks on the Move podcast and
column, Cleantech and Climate Change , Exploring Mining the AI Eye .
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news,
articles and equity research as well as creates original content, including
video, interviews and articles. Original content created by investorideas is
protected by copyright laws other than syndication rights. Our site does not
make recommendations for purchases or sale of stocks, services or products.
Nothing on our sites should be construed as an offer or solicitation to buy or
sell products or securities. All investing involves risk and possible losses.
This site is currently compensated for news publication and distribution,
social media and marketing, content creation and more. Disclosure is posted for
each compensated news release, content published /created if required but
otherwise the news was not compensated for and was published for the sole
interest of our readers and followers. Contact management and IR of each
company directly regarding specific questions. Disclosure EDXC is a paid new client on Investorideas.com https://www.investorideas.com/News-Upload/
More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our
other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com Global investors must adhere to
regulations of each country. Please read Investorideas.com privacy
policy: https://www.investorideas.com/About/Private_Policy.asp
Investor Ideas does not condone the use of
cannabis except where permissible by law. Our site does not possess,
distribute, or sell cannabis products.
Follow us on Cannabis Social Media
Download
our Mobile App
for iPhone and Android
Contact Investorideas.com
800-665-0411
Subscribe to:
Posts (Atom)
Public Support for Legalization Remains Strong, Despite Narrow Shortcomings in Challenging State Elections
Public Support for Legalization Remains Strong, Despite Narrow Shortcomings in Challenging State Elections : Public Support for Legalization...
-
New #Cannabis Stocks Added to Investor Ideas; (TSX: $FAF.V) (CSE: $STIL.C) (CSE: $ORCD.C) (CSE: $VREO.C) (CSE: $PUMP.C) (OTC: $NUGL) ...
-
Investor Ideas #Potcasts #Cannabis News and Stocks on the Move: Dixie Brands (CSE: $DIXI_U.C) (OTC: $DXBRF), Khiron Life Sciences (T...
-
Investorideas.com - CBD Stock News: InnoCan Pharma (CSE: INNO) Announces the Successful Completion of an Independent Clinical Study Demonstr...