Investor
Ideas #Potcasts, #Cannabis News and #Stocks on the Move; Episode 400 - 3 Days
Until 4/20 (TSX: $VLNS.TO) (OTCQX:
$VLNCF) (TSX: $WEED.TO) (NYSE: $CGC)
Delta, Kelowna, BC, April 17, 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/04171VLNS-WEED-CGC.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 company announcements as well as
discussing some of the ways to safely enjoy this year’s 4/20.
Valens GroWorks
Corp.
(TSX:
VLNS) (OTCQX:
VLNCF), a global leader in the end-to-end development and
manufacturing of innovative, cannabinoid-based products,
announced that its common shares and certain warrants have
commenced trading on the Toronto Stock Exchange under the trading symbols
"VLNS" and "VLNS.WT," at which time they were delisted from
the TSX Venture Exchange.
Canopy Growth
Corporation (TSX:
WEED) (NYSE:
CGC)
today
announced a series of global operational changes designed to
further optimize production, better align supply and demand, and improve
efficiencies in its global operations. As part of its ongoing strategic review
of the business, the Company announced today the following changes:
●
Africa: Canopy
Growth has entered into an agreement to exit its operations in South Africa and
Lesotho, targeting a transfer of ownership of all of its African operations to
a local business. The Company expects to close the transaction in the coming
weeks.
●
Canada: Canopy
Growth will shut down its indoor facility in Yorkton, Saskatchewan, to further
align production in Canada with market conditions. The Company is confident its
production capacity in Canada will meet consumer demand into the future.
●
Latin
America:
Canopy Growth will cease operations at its cultivation facility in Colombia,
moving to an asset-light model that leverages local suppliers for raw materials
and Procaps for formulation and encapsulation activities as outlined in the
previously announced agreement between the two companies. These activities will support the position of Colombia as the
Company's LATAM production hub and the ongoing development of its cannabis
industry.
●
United
States: Canopy
Growth will cease its farming operations in Springfield, New York, due to an
abundance of hemp produced in the 2019 growing season. The Company will continue using this supply
to produce hemp-derived CBD products for the US market.
"When
I arrived at Canopy Growth in January, I committed to conducting a strategic
review in order to lower our cost structure and reduce our cash burn,"
said David Klein, CEO, Canopy Growth. "I believe the changes outlined
today are an important step in our continuing efforts to focus the Company's
priorities, and will result in a healthier, stronger organization that will
continue to be an innovator and leader in this industry. I want to sincerely
thank the members of the teams affected by these decisions for their
contributions in helping build Canopy Growth."
The
Company continues to expect, based upon information currently available to
management, to record estimated pre-tax charges of approximately C$700-800MM in
the quarter ending March 31, 2020. This relates to this announcement and
previous announcements, as well as any additional changes made during the
organizational and strategic review. The organizational changes announced today
include a headcount reduction of approximately 85 full-time positions.
Also in
recent news, the campaign to place an adult-use
cannabis legalization initiative on Missouri’s 2020 ballot is suspending its
efforts due to the COVID-19 crisis.
Dan Viets, chairman
of Missourians for a New Approach, told the Springfield
News-Leader on April 15 that the petition initiative
campaign is officially over due to public response to the pandemic, which is
prohibiting supporters from gathering signatures.
The campaign had to
collect 160,000 valid signatures by early May to get the issue before voters
this fall.
Viets told the Springfield News-Leader that the
campaign asked the state to allow online signature gathering under the
circumstances, but the effort was unsuccessful.
Missourians for a
New Approach plans to resume the campaign next year to get the initiative on
Missouri’s November 2022 ballot.
Now since there
isn’t an abundance of news out today, and since 4/20 is coming up in 3 days
while we are in the midst of a global pandemic, we thought we would include
some helpful information and solutions to staying safe and still enjoying your
cannabis this 4/20.
If you’re a fan of
using glass, which I know I am, then there may be some facts about bacteria
you’re unaware of.
One company, Moose Labs,
created the Mouth Peace after conducting a thorough study, to combat this germ
issue.
Did
you know
hemp smoke can deposit tar deeper into the lungs than cigarettes because of how
it’s inhaled?
After 16 months of
R&D, Moose Labs created the new MouthPeace and MouthPeace Filters. Made
from biodegradable and recycled materials, the triple-layer activated carbon
filters will sanitize smoke/vapor and enhance flavors by removing resins,
toxins, and tar; all without blocking your intake or reducing airflow.
Using the no-touch
design, eject the filter by pushing it up and out with your thumb from the side
of the MouthPeace. Replace as needed for optimal performance.
An
excessive and harmful amount of bacteria is passed between cannabis consumers
who share cannabis pipes, vaporizers, and joints both at home and at cannabis
consumption events.
Using
an ATP Monitoring System, various cannabis pipes, as well as neutral objects,
were tested to determine the levels of bacteria present.
Testing
took place at two social consumption cannabis events in California. At each
event, a pipe was placed on the table and 100 participants (200 total) were
asked to consume cannabis through said pipe. Using an A/B testing method
against baseline results, the first 50 participants at each event were given a
MouthPeace, a sanitary smoking device, and instructed to use it when smoking
from the pipe. The MouthPeace device is made of silicone and provides a
personal and universal mouthpiece for pipes, vaporizers, and joints, preventing
direct human contact. The following 50 participants were given no instruction
and were not provided MouthPeaces. At predetermined intervals the pipe’s
mouthpiece was swabbed, the swab was tested using the ATP Monitoring System and
the results were recorded.
An
astounding level of bacteria was found on cannabis pipes, vaporizers, and
joints; significantly higher than what was initially expected. In fact, it was
difficult to find a neutral object in daily life that was as contaminated as a
cannabis pipe, which has on average, almost one and a half times more bacteria
than a public toilet seat. It was observed that very few cannabis consumers
take precautions when it comes to sharing pipes, as only 5% of participants
used available alcohol wipes to clean the pipe prior to consumption. However,
utilizing alcohol wipes as a quick, sanitary solution at cannabis events has
been shown to be ineffective in significantly lowering the bacteria level of a
cannabis pipe.
Additional
tests were performed on randomly selected pipes, vaporizers, and joints, as
well as neutral objects, such as public restroom toilet seats, ATM keypad
buttons, shopping carts, etc. The latter was done to establish real-world
comparisons.
Another thing to
consider this 4/20 is switching to edibles, for one this option is easy to
share without sharing bacteria and two these allow your lungs to stay healthy
and strong while still delivering a potent high.
We’ve talked a lot
about the many products that are out on the market today and also many of the
products that are still yet to come out onto the legal recreational market.
With limited selection out on the Canadian market and with many products sold
out in the U.S. it might be time to look into making your own edibles as well.
There are many
companies offering services and products for just such usage such as Friendibles, who
offers recipes and recommends products for at home edible making such as Paracanna, Enjoy Angel, and ReTreatibles.
The last thing to
consider during this 4/20 if you are running short on cannabis supplies is to
ensure that you are utilizing today’s technology, which I have discussed a lot
lately, and use either curb-side pick up or at home delivery when ordering from
your favorite dispensary. If you’re favorite doesn’t offer such a service, find
out why and this might be the time to finally get involved in your local
politics to ensure you have safe and easy access to your cannabis needs. It is
“essential” after all.
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
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