Investor
Ideas #Potcasts, #Cannabis News and #Stocks on the Move; (TSXV: $KHRN.V) (TSX: $FAF.TO) (OTCQX: $FFLWF) (TSXV: $N.V) (CSE: $BLO.C)
Delta, Kelowna, BC, February 28th, 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/03021KHRN-FAF-FFLWF-N-BLO.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 public announcements.
But first,
according to a recent article from New
Frontier Data, “a convergence of market forces has
precipitated a steep national decline of cannabis interceptions along U.S. border
checkpoints.” This is due to the activation of legal state markets which
provides consumers with an attractive shopping variety of places and products,
including new product forms catering to diverse preferences as well as the
adoption of regulations and quality-control standards which have elevated
consumers’ expectations for quality.
Overall, the amount
of cannabis intercepted along all U.S. borders has fallen by 89%, from 2.5
million lbs. in 2011 to approximately 270,000 lbs. in 2019. Along the southwestern border where 99% of
all intercepted cannabis has been collected, those incidents have decreased by
90% since 2011, the sharpest decline among all regions (i.e., coastal,
southwest and northern borders).
Khiron Life
Sciences Corp. (TSXV:
KHRN) (OTCQB:
KHRNF) announced that
further to cultivation quotas announced on February 26, 2020, it has received
manufacturing quotas from the Colombian Technical Quotas Group
("TQG"). These quotas authorize the Company to manufacture high-THC
whole plant extract for both export and domestic purposes.
"Receipt
of these quotas, together with the previously disclosed cultivation quotas,
moves us measurably closer to our priority of serving patient needs in Colombia,
and further jurisdictions in Latin America. With our fast growing ILANS clinics
and recently launched Zerenia clinic, we have a large and engaged patient
network for chronic pain and nausea related conditions to immediately serve
through medical cannabis." Comments Juan Diego Alvarez, Khiron
Vice-President of Regulatory Affairs.
Based
on high-THC medical cannabis demand, the Company will be able to produce
approximately an equivalent of 1,000,000 bottles of high-THC formulation for
medical use domestically and abroad. The Company expects to receive final GEP
laboratory certification in the near future.
Fire
& Flower Holdings Corp. (TSX:
FAF)
(OTCQX:
FFLWF) and its wholly-owned subsidiary Fire & Flower
Inc., today
announced the Company's Ontario expansion plans including the
completion of acquisitions of the Ottawa and Kingston, Ontario stores.
Fire & Flower
has received its Retail Operator Licence from the Alcohol and Gaming Commission
of Ontario. Additionally, Fire & Flower has submitted applications to the
AGCO for Retail Store Authorizations for an additional eight store locations in
Ontario.
"Ontario is a
key strategic priority for Fire & Flower and our receipt of a Retail
Operator Licence and submission of Retail Store Authorizations for eight
locations is a clear demonstration of our focus on this market," shared
Trevor Fencott, Chief Executive Officer of Fire & Flower. "By completing
the acquisition of both the Ottawa and Kingston locations, Fire & Flower
anticipates strengthening its financial position and operating income from
these high performing stores."
Design of these
eight additional stores has been completed, and construction will commence
shortly to allow Fire & Flower to complete the required regulatory
inspections and approvals.
These eight
additional stores combined with the existing Ottawa and Kingston locations
represent the maximum number of RSA applications permitted by the AGCO at this
time.
"We see Fire
& Flower as our vector of growth in the cannabis sector and since our
investment in the company more than six months ago, we have continued to
support their ongoing expansion and operational focus," shared Jeremy
Bergeron, Vice President, Alternative Channels of Alimentation Couche-Tard.
"We are very excited with the acquisition of the Ottawa and Kingston
location and look forward to Fire & Flower's expansion in Ontario and
solidifying their position as the leader in cannabis retailing."
Fire & Flower
intends to rapidly expand across the province of Ontario as the AGCO accepts
additional RSA applications.
Today, the Company
further announced changes to its management structure. Nadia Vattovaz has been
appointed as Executive Vice President, Operations in addition to continuing in
her role as Chief Financial Officer and Mike Vioncek, formerly the Chief
Operating Officer, has been appointed SVP Real Estate, Construction &
Compliance. These changes have been made to better focus the organization on
its key strategic goals and retail growth plan throughout 2020.
Both Ms. Vattovaz
and Mr. Vioncek have deep retail operations and real estate experience. Ms.
Vattovaz previously held senior management roles with Holt Renfrew, Canadian
Tire and Bento Sushi. Mr. Vioncek has previously held senior management roles
with Planet Fitness, Liquor Stores North America (now Alcanna), Rexall Canada
and Hudson's Bay.
Namaste
Technologies Inc. (TSXV:
N)
(OTC:
NXTTF), a leading platform for cannabis products,
accessories, and education,
today announced that its wholly owned subsidiary, CannMart
Inc., has executed a licensing agreement with IGNITE International Brands, Ltd. (CSE:
BILZ) (OTCQX:
BILZF). The Agreement grants CannMart a licence to use
certain IGNITE brand trademarks on legal cannabis-based products in
consideration for certain royalty payments.
Pursuant
to the Agreement, CannMart will work with IGNITE's quality control and product
development teams to source premium inputs, including flower and Cannabis 2.0
offerings, from Canadian craft cannabis producers for the IGNITE Products.
Under the Agreement, CannMart assumes all functions associated with
procurement, processing, and packaging of the IGNITE Products in its Health
Canada-licenced processing facility. In addition, CannMart will oversee the
sale and distribution of the IGNITE Products in Canada, leveraging its Canadian
trade channels. Pursuant to the Agreement, IGNITE will, on behalf of CannMart,
market the IGNITE Products in Canada.
"The
IGNITE team remains committed to delivering cannabis products to every market
we target. We firmly believe working with CannMart will provide quality product
offerings and a quicker route to market given CannMart's competencies,"
said IGNITE CEO, Dan Bilzerian. "The IGNITE philosophy aligns with
CannMart's passion to deliver innovative products through its global
distribution channels."
"CannMart
delivers a unique value-added proposition to brands," said Curtis
Heffernan, President of IGNITE. "The agreement with CannMart will allow
IGNITE to remain laser-focused on expanding brand awareness to maximize its
reach to Canadian consumers."
"CannMart
continues to demonstrate its ability to attract leading brands like IGNITE, to
deliver recognizable quality products to consumers," said Meni Morim, CEO
of Namaste Technologies. "Namaste believes IGNITE is well known among our
current customer base and CannMart intends to leverage IGNITE's brand
recognition to drive sales throughout its network of government partners and
retailers."
Namaste
also reports that they have loaned Pineapple Express Delivery Inc.
("Pineapple"), of which they have a 49% equity interest, $125,000 in
support of Pineapple's efforts for cash flow purposes.
Cannabix
Technologies Inc. (CSE:
BLO)
(OTC:
BLOZF), a developer of marijuana breathalyzer devices for
law enforcement and the workplace
reports that a significant technological development has been
achieved with its FAIMS- (field asymmetric waveform ion mobility spectrometry)
marijuana breathalyzer prototype. Cannabix scientists have been characterizing
the device for several months to increase resolving power and sensitivity. The
Company is pleased to report that the Beta 3.1 FAIMS device has achieved
ion-resolving levels that enable the isolation of ∆9-tetrahydrocannabinol
(“THC”) in human breath and suppress background compounds effectively. With
human subject breath testing performed up to 90 minutes after smoking marijuana
and nicotine cigarettes, the Cannabix FAIMS device was able to selectively
isolate THC or nicotine and suppress unwanted background volatile organic
compounds. In addition, metabolites for both cannabis and nicotine were
detected. Subject testing up to 90 minutes after smoking was accomplished using
only a few breath samples from the test subject. The characterization work and
recent developments were conducted using a bench version of the Beta 3.1 FAIMS
device coupled to mass spectrometer for validation. A number of factors
including FAIMS cell geometry, flow optimization and ion-focusing techniques
have contributed to this latest development.
“I’m
impressed with the progress that has been made by the Cannabix team in the
development of this newest version; the sensitivity and selectivity is
impressive. I look forward to continued collaborations between UF and Cannabix
to advance FAIMS detection,” says Dr. Richard Yost, Cannabix Scientific
Advisor.
“We
are very excited about our recent results on being able to consistently resolve
THC and other analytes from breath. It is hard to overstate the significance of
these achievements in atmospheric conditions (without vacuum). These key steps
will result in a new type of device that the analytical and diagnostic fields
have been seeking for breath analysis,” says Dr. Raj Attariwala, Chief
Scientific Officer.
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
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