Investor
Ideas #Potcasts; #Cannabis News and #Stocks on the Move; (CSE: $HARV.C) (CSE: $HUGE.C) (OTCQX: $MRMD) (TSXV: $LIFT.V)
(OTCQB: $LFCOF)
Delta, Kelowna, BC, January 6, 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/01061HARV-HUGE-MRMD-LIFT-LFCOF.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, while sales of Cannabis 2.0 products has begun in most every province
already, the latest generation of cannabis products will now also be available
for legal sale in Ontario starting
today as The Ontario Cannabis Store releases 59 new
products, including edibles, beverages, lotions and concentrates.
Like
with dry flower the year previous, the OCS warns supplies are limited and
expected to run out fast.
Harvest Health
& Recreation Inc. (CSE:
HARV) (OTCQX:
HRVSF), a vertically integrated cannabis company with one of
the largest and deepest footprints in the U.S.,
today announced that negotiations to acquire Interurban
Capital Group, Inc., the owner and operator of Have a Heart CC, have reached a
stage that require disclosure.
Preliminary
terms contemplate an acquisition price of approximately $87.5 million in
Harvest stock and assumption of debt convertible into 205,594 multiple voting
shares of Harvest stock, subject to applicable Canadian securities laws. Have a
Heart assets include 11 operating dispensaries in California, Washington and
Iowa and licenses for seven retail locations in California.
Prior
to completion, the potential acquisition remains subject to, among other
things, due diligence, the execution of definitive agreements, the receipt of
regulatory approvals and the satisfaction or waiver of closing conditions
customary for a transaction of this nature.
FSD Pharma Inc. (CSE:
HUGE) (OTCQB:
FSDDF)
announced that its Class B Subordinate Voting Shares have been
approved for listing on the NASDAQ Capital Market under the symbol 'HUGE'.
Trading on the NASDAQ is expected to commence at market open on Thursday,
January 9, 2020.
The
Company's Shares will continue to be listed on the Canadian Securities Exchange
under the symbol 'HUGE'.
"As
we announce this much anticipated and coveted milestone, I want to congratulate
the FSD Pharma team, our stakeholders, and, most importantly, our shareholders.
I also want to extend my gratitude to the members of the Board of Directors of
FSD Pharma, and especially to the founders of the Company, for their vision and
for giving me an opportunity to lead the FSD Pharma team to achieve this
strategic advantage. It is exciting to realize that once we begin trading on
NASDAQ, we will be included in a select group of 12 Canadian-domiciled cannabis
companies trading on either the NYSE or NASDAQ, and the first company in the
history of the Canadian Securities Exchange (CSE) to be dual-listed on a major
U.S. exchange," stated Raza Bokhari, MD, Executive Co-Chairman and CEO.
MariMed
Inc. (OTCQX:
MRMD) a leading multi-state cannabis and hemp operator
focused on health and wellness, announced
today that their Illinois dispensaries in Anna and
Harrisburg saw a significant uptick in sales on the first day under new laws to
legalize recreational use of cannabis throughout the state.
In May 2019, the
Illinois General Assembly passed the HB 1438 law legalizing recreational
cannabis use and sale in the state for adults which became effective January 1,
2020. Illinois is the 11th state in the nation to allow the sale of
recreational marijuana. Thirty-three states allow the sale of marijuana for
medical use, which Illinois legalized in 2013. Industry analysts estimate the
new legal market for recreational, or adult-use cannabis, could exceed $2
billion annually. This new market is in addition to a surging medical marijuana
market, which, according to Illinois government sources nearly doubled in size
and number of patients during 2019, exceeding $200 million and nearly 90,000,
respectively.
On Dec. 31, the eve
of adult-use cannabis legalization in Illinois, Gov. J.B. Pritzker announced
that he was pardoning more than 11,000 low-level cannabis-related convictions
ahead of adult-use sales. The pardon cleared 11,017 convictions involving less
than 30 grams of cannabis.
According to
Marijuana Business Daily, the maximum number of adult-use dispensaries allowed
in Illinois in 2020 is 185, or 1.5 retail stores per 100,000 residents. By
comparison, Oregon currently has 15.7 recreational marijuana retailers per
100,000 residents. MariMed Inc. plans to open two additional Illinois
dispensaries in the coming year.
MariMed’s
dispensaries in Anna and Harrisburg, which operate under the Thrive brand, saw
customers waiting outside for hours before opening. MariMed worked hard prior
to January 1st to prepare for expected demand by recreational users
while ensuring valued medical customers would still receive the attention,
service and access to products that they have come to expect. It was positive to see demand appearing to
be as high in rural areas as in the more concentrated and competitive urban
areas of the state.
According to Gorgi
Naumovski, MariMed’s Director of Operations in Illinois, “The customers were
thrilled to legally purchase recreational cannabis in Illinois for the first
time. This was the single busiest day in over 3 years of operations with
customer count more than 5 times that of a normal day. We are excited for the
industry and what the future holds for the state of Illinois and MariMed.”
During 2019, under
MariMed management, revenue from sales to medical patients grew significantly.
With the addition of recreational clientele, MariMed is expected to realize
significant revenue growth in 2020 which will be reflected in MariMed’s
reported financial results.
MariMed CEO, Bob Fireman,
noted that, “We are excited to see the response by the people of Illinois to
the new law. Gorgi and his team led by Rosie Naumovski, worked diligently
servicing our medical patients while preparing for the recreational launch in
our two dispensaries. They are in the
process of developing two additional adult use dispensaries in Illinois allowed
under our licenses. They have been
valuable advocates for the Illinois cannabis programs from their inception
providing guidance to both state and local authorities. We are proud to have
them as part of the MariMed team. With our consolidation on track, MariMed’s
revenue from these licensed businesses will now be included in our financial
results in 2020 which in turn, will generate greater long-term value for our
shareholders.”
Lift
& Co. Corp. (TSXV:
LIFT) (OTCQB:
LFCOF) returns to Vancouver this week with the annual Lift & Co.
Cannabis Business Conference on Thursday, January 9 at the Vancouver Convention
Centre. Canadian and international industry and business leaders will be taking
the stage for a day of dedicated talks on the topmost topics affecting cannabis
going into 2020.
The Lift & Co.
Cannabis Expo then takes over the VCC for a massive two-day trade show on
Friday, January 10 and Saturday, January 11.
Tapping into this
trend, this year’s 2020 LCBC keynote will be Data: The New Soil For Cannabis Growth, for which Lift & Co.
will be joined on stage by two of North America’s leading data and consulting
firms, Nielsen and EY Canada. This trio of presentations, moderated by Ipsos,
will address the future of data insights and how analytics will propel cannabis
into the next major CPG category.
Lift
& Co. will also be on the Fire &
Flower Stage at the Expo on Friday for a deeper dive into cannabis consumer
insights with a second data talk alongside Ipsos and BDS analytics.
“We’re so excited
to welcome CPG insights heavyweights like Nielsen, Ipsos, and EY Canada to
elevate the cannabis conversation this year,” said Matei Olaru, CEO of Lift
& Co. “Their presence signals an important shift for cannabis in year two,
and will set the tone for a three-day event that will offer attendees the
earliest view into cannabis in 2020. Lift & Co. has always strived to drive
important topics forward at our events, and we’re looking forward to what is
shaping up to be our most important Vancouver conference to date.”
These data sessions
come on the heels of the launch of Lift & Co.’s consumer insights platform Cohesion in 2019, and recently announced
strategic partnership with Nielsen to create an industry-first consumer
segmentation tool for early 2020.
Additional LCBC
talk highlights include:
● The Power and Potential of Psychedelics:
Leading researchers and entrepreneurs provide insights into this uncharted
industry
● Lessons from California: Building a Brand
and an Industry: California-based cannabis leaders will share their
insights and some lessons Canada can take away
● Trust after CannTrust: Rebuilding
Confidence in the Industry: three presentations each touch on how
brands can reframe the conversation to establish and maintain customer
confidence
The Lift & Co.
Cannabis Expo Vancouver 2020 takes place following LCBC, on January 10 and 11.
The Expo features over 280 exhibitors and two full days of talks on the Fire & Flower Stage. Together, LCBC
and Expo are Canada’s largest cannabis consumer and industry convention, with
last year’s Vancouver event drawing in more than 18,000 visitors.
Investorideas.com
and this podcast will attending the conference as media and will be doing
interviews on the Friday, January 10th at 11am, 12pm and 1pm in the MEDIA ZONE
Please call or
email us to ask about participating
Investor ideas
reminds all listeners to read our disclaimers and disclosures on the
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loss of investment
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our cannabis podcasts at https://www.investorideas.com/Audio/Potcasts.asp
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