Investor
Ideas #Potcasts; #Cannabis News and #Stocks on the Move; (TSX: $RIV.TO) (OTC: $CNPOF)
(TSXV: $JWCA.V) (CSE: $CL.C)
(OTCQB: $HLIX) (CSE: $BEV.C)
Delta, Kelowna, BC, January 8, 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/01081RIV-CNPOF-JWCA-CL-HLIX-BEV.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.
Canopy
Rivers Inc. (TSX:
RIV)
(OTC:
CNPOF) portfolio company BioLumic Ltd. has
received approval from the New Zealand Ministry of Health to
apply its proprietary ultraviolet light technology to medical cannabis. While
BioLumic's approach has been successful in increasing yields in certain crops,
such as strawberries, by up to 60%, this approval marks the first time the
company's UV light technology will be used on cannabis. BioLumic hopes that its
research will show increased yields in the cannabis plant and help producers
meet the rising demand for medical cannabis and cannabis-derived products.
To bring its cannabis research program to life,
BioLumic is partnering with two established cannabis companies. The company
will work with Canada-based cannabis cultivator and Canopy Rivers portfolio
company James E. Wagner Cultivation
Corporation (TSXV:
JWCA) (OTCQX:
JWCAF), as well as Auckland-based medical cannabis company
Helius Therapeutics. With the support of these partnerships, BioLumic plans to
begin conducting medical cannabis commercial trials in New Zealand and Canada
by June 2020.
"The partnership between BioLumic and JWC is
another sign of strong collaboration in the Canopy Rivers ecosystem," said
Narbé Alexandrian, President & CEO, Canopy Rivers. "We expect that
BioLumic's expertise in non-cannabis agriculture technology will help cannabis
cultivators like JWC produce high-yield, sustainable strains that meet consumer
demands and patient needs."
BioLumic's UV light technology treats plants to
increase yields and enable plants to more effectively defend themselves against
disease or pest attacks. By exposing seeds and seedlings to short duration UV
treatments, BioLumic aims to increase yields and improve tolerance to drought,
diseases, and pests.
"Working with Canopy Rivers has opened the door
for us to expand into cannabis, and that starts with the application of our
technology to the cannabis plant," said Jason Wargent, Chief Science
Officer, BioLumic. "From accessing capital to bring on new staff in
science and AI, to introductions to companies such as JWC, we believe our
ongoing relationship with Canopy Rivers is a catalyst for building the
industry's understanding of how to improve the way cannabis is grown."
"The BioLumic research program is an exciting
opportunity to push the boundaries of our knowledge of cannabis
cultivation," said Nathan Woodworth, President & CEO, JWC. "JWC
is committed to expanding our understanding of advanced cultivation techniques as
they apply to cannabis, and our partnership with BioLumic is just one of the
ways we are meeting this commitment."
For its cannabis research program, BioLumic will
combine photogenics – the control of plant signalling responses to UV light –
and artificial intelligence ("AI")
to focus on improving the yield of the fast-growing cannabis crop, with a focus
on cannabinoids such as cannabidiol. BioLumic has hired additional science and
AI-focused staff at its Palmerston North, New Zealand facility to accelerate
its cannabis research program.
Cresco Labs Inc. (CSE:
CL)
(OTCQX:
CRLBF), one of the largest vertically integrated multistate
cannabis operators in the United States, announced
today that it has closed the previously announced
acquisition of CannaRoyalty Corp. d/b/a
Origin House by way of a plan of arrangement. With the closing of the
Arrangement, Cresco has significantly increased its footprint and accelerated
its entry into the California market.
"This
is a transformational deal for Cresco and represents the culmination of the
better part of a year's work for both the Cresco and Origin House teams,"
said Charlie Bachtell, Cresco's CEO and Co-founder. "With the closing of
this transaction, Cresco is in a position to accelerate its entry into one of
the largest legal cannabis markets in the world, while adding valuable
expertise in wholesale distribution and brand development, which we expect will
drive significant value for all of our shareholders as we scale across the
country in the coming years. We also see meaningful synergies across our
national footprint through the addition of Origin House's ultra-premium indoor
cultivation team, which we expect will assist us in our goal to consistently
outperform the market on yield and quality metrics."
Mr.
Bachtell continued, "In an industry that is in flux, Cresco is one of the
most fundamentally sound and best-positioned multi-state cannabis operators in
the U.S. The Company has built an engine that is designed to execute
operationally, develop leading brands and get them into the hands of consumers
to drive growth and value across all three horizons – short, medium and long
term."
Marc
Lustig, Chairman and CEO of Origin House commented, "Cresco's focus on the
middle two verticals of the value chain – brands and wholesale distribution –
as the key to creating long-term shareholder value, is aligned with the philosophy
we had at Origin House. Speaking as one of the largest former shareholders of
Origin House and now an enthusiastic and significant Cresco shareholder, I am
looking forward to the opportunity for this combined team to create value for
all of our shareholders."
Pursuant
to the Arrangement, Cresco will appoint Marc Lustig, Chairman and CEO of Origin
House, to the Cresco board of directors, following receipt of certain U.S.
regulatory approvals.
The
acquisition of Origin House makes Cresco a leading wholesale distributor in
California, selling into over 575 dispensaries, representing approximately 65%
of California's storefront dispensaries. Origin House's Continuum distribution
platform distributes 13 third party brands, including Kings Garden.
Helix Technologies,
Inc.
(OTCQB:
HLIX), the leading provider of critical infrastructure
services to the legal cannabis industry, successfully
completed the launch of the state tracking system for adult use
marijuana sales in Illinois. The successful transition of the tracking system
from medical to adult use allowed businesses to sell over $3.2 million of
cannabis products on the first day of sales.
The
historic rollout marked the first state to legalize cannabis through
legislation instead of a ballot initiative and is also the second, and most
populous state in the Midwest to allow adult use marijuana, signaling a growing
acceptance of the plant in the traditionally conservative region. Illinois represents the largest market in the
Midwest, with first day sales topping nearby Michigan by over 10 times.
On
its first day, the Biotrack system successfully processed over $3.2 million in
transactions representing over 70,000 item sales. The strong first-day sales showed little sign
of slowing with the first week seeing more than a quarter million transactions
totaling over $11 million. These numbers
are expected to grow as more licenses are issued in the State.
“Our
biggest challenge upon launch was ensuring that all users had the requisite
knowledge prior to going live,” said Dr. Moe Afaneh, COO of BioTrack. “Our
support and training personnel have been putting in long hours, especially over
the holidays, to make sure everything went smoothly and that focus hasn’t ceased
in the last week. The success of this launch is a testament to their hard work
and customer service focus.”
“Biotrack
was nothing short of excellent concerning its collaboration of this massive
Illinois launch at our Sunnyside Dispensaries. The Biotrack team was extremely
informative, professional and executed real time adjustments to fix any issues
we ran into daily/nightly. They were truly a wonderful partner in this process,
proactively reaching out to us and checking in to see that the system was
operating smoothly,” said Jourdan Kurtz, EVP of Retail Operations at Cresco
Labs.
“This
was the largest single deployment in industry history, and I am honored that
the State of Illinois selected BioTrack as its partner. Our team demonstrated a
real passion and drive to complete this effort flawlessly,” said Helix
Technologies CEO and Executive Chairman Zachary L. Venegas. “I also want to
thank our many commercial clients who continue to trust our services and
integrate us into their business.”
BevCanna
Enterprises Inc. (CSE:BEV) (OTCQB:BVNNF) announced that
Chief Commercialization Officer Emma Andrews, RHN, NPDP, will be featured at
this week's Lift & Co Expo, sharing insights into the infused cannabis
beverage category and consumer. The conference is being held on January 9-11,
2020 at the Vancouver Convention Center.
The
Lift & Co. Cannabis Business Conference will bring together leading experts
from across the industry to tackle subject matter from a uniquely Canadian
perspective. The conference ignites discussion around both the medical and
recreational-use cannabis markets, as well as Canada's position of leadership
on the world business stage.
Ms.
Andrews will bring her experience in developing and marketing cannabis-infused
beverages to the Lift & Co. main stage session The Future of Social Consumption. Industry leaders Andrew Freedman,
Co-Founder, Freedman & Koski, Inc. and Abi Roach, Founder of HotBox
Holdings, will join Ms. Andrews, discussing consumption lounges and infused
beverages, how close these may be to becoming a reality, how they will comply
with regulations, and how they may change the social fabric.
"Now
that infused products are regulated, and beginning to roll out in Canada,
consumers are exploring new ways to participate and explore cannabis
culture" said Ms. Andrews. "BevCanna has conducted significant
research into the way Canadians want to enjoy their cannabis, and consuming
infused beverages in social settings, to relax and unwind, and even address
health concerns are at the top of the list".
BevCanna
will also participate in the Lift & Co Expo portion of the conference,
acting as Hydration Partner for the Expo and offering samples of two of
BevCanna's original cannabis-infused beverage brands, Anarchist Mountain™; and
Grüv™, at Exhibit Booth 641.
The
Anarchist Mountain™ brand is inspired by
natural botanicals found throughout the Pacific Northwest and is based on
lightly sparkling spring water. The Anarchist Mountain™ is THC-dominant, and
designed for social occasions. The Grüv™ brand represents an easy-drinking
range of classic iced tea profiles. Grüv™ is composed of an equal balance of
THC and CBD, making it an approachable choice for current and newer cannabis
consumers alike.
As
Hydration Partner, BevCanna is sponsoring a steady supply of fresh water for
all Lift Expo attendees. Visit one of the two Hydration Stations located on the
Expo floor. The first 2,000 people to stop by the Hydration Stations will
receive a complimentary reusable BevCanna water bottle.
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