Investor
Ideas #Potcasts, #Cannabis News and #Stocks on the Move; Episode 454 (TSX: $AVCN.TO)
(OTCQX: $AVCNF) (CSE: $TGIF.C) (OTCQX: $TGIFF)
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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 private and public company announcements.
Shoppers Drug Mart Inc. announced the opening
of its first managed medical clinic in Toronto.
Owned and operated by Shoppers Drug Mart, the Health Clinic by Shoppers™ is a primary-care and family practice
clinic, providing patients with convenient, one-stop access to medical services
and trusted advice.
Located
at Lawrence Ave. and Dufferin St., this new clinic is the first of three
expected to open over the next year in the Greater Toronto Area. Hosting a suite of family medicine services,
the clinic aims to make healthcare more accessible for patients with extended
operating hours and increased technology, such as online appointment booking
and virtual care options through Medeo® solutions and electronic health records
via the AccuroEMR® platform.
"We
know Canadians want and need more from their primary care. The world changed quickly and dramatically
this year, highlighting the need for more accessible healthcare options for
patients – whether that means extended hours and more convenient locations for
in-person services, or virtual care services for all patients including those
who don't currently have access to a family physician," says Jeff Leger,
President, Shoppers Drug Mart. "The
Health Clinic by Shoppers combines convenience and technology in a way that is
increasingly relevant to Canadians looking for health and wellness
support."
As
Shoppers Drug Mart expands its range of healthcare services, the company
assembled a team of individuals with extensive experience in health clinic
operations and management, and established a Physician Advisory Board to
support the design and implementation of the new health clinic model.
"The
COVID 19 pandemic has had a substantial impact on both the way Canadians access
health care and on how physicians deliver primary care to their patients,"
says Dr. Barry McLellan of the Health Clinic by Shoppers Physician Advisory
Board. "Through an enhanced experience of consistent quality of care,
convenient hours, technology-enabled and virtual care services all delivered in
a modern clinic space, the Health Clinic by Shoppers is uniquely positioned to
provide high-quality, patient-centered healthcare to Canadians."
Avicanna Inc. (TSX:
AVCN) (OTCQX:
AVCNF) announced that
its advanced RHO Phyto™ Micro Drop oils are now officially available nationwide
in Canada on the Medical Cannabis by Shoppers™ platform as well as through the
Medical Cannabis Real-World Evidence study at the University Health Network as
announced by the Company on July 15, 2020.
Following
years of research and development in collaboration with world class academic
and clinical organizations, Avicanna is proud to be launching RHO Phyto, a full
formulary of advanced medical cannabis products, for patients and the medical
community in Canada. Following the Micro
Drop oils, Avicanna expects to launch two advanced sublingual spray
formulations in the upcoming weeks. The RHO Phyto product line includes oil drops,
sublingual sprays, capsules and topicals with varying ratios of CBD and THC.
The RHO Phyto products are designed to address a range of medical conditions
that may require various rates of relief. For example, the "Rapid
Act" sublingual sprays provide a faster onset of effects than the
"Simple Dose" capsules and "Micro Drop" oils. To ensure
batch-to-batch consistency and high-quality products, these formulations are
manufactured under Good Manufacturing Practices in partnership with MediPharm
Labs Inc. and GMP-level analytical testing is performed by Sigma Analytical
Services Inc. All RHO Phyto products will be tracked using blockchain
technology developed by TruTrace Technologies Inc. to manage, track and trace
each step of the supply chain.
Aras
Azadian, CEO of Avicanna commented, "We believe that our RHO Phyto
formulary is designed to address numerous gaps in the current medical cannabis
framework with respect to patient needs and provide an opportunity to attract
new prescribers and patients to medical cannabis solutions. The introduction of
a strictly medical line of products, backed by extensive research, pre-clinical
data, GMP manufacturing and offered by Shoppers, has the opportunity to set a
new standard of care and establish RHO Phyto as the leading medical product
line in the medical cannabis market."
With the
patient in mind, RHO Phyto Micro Drop oils are formulated with enhanced
absorption, prolonged stability, and consistency. The blood orange flavoured
Micro Drop oil 1.6 CBD - 0.06 THC and Micro Drop oil 0.6 CBD – 0.16 THC are available
in a 25:1 and 4:1 CBD to THC ratio, respectively. The product name includes the
amount in milligrams (mg) of CBD and THC that is delivered per dose. Detailed
guidelines about dosing and titration for Health Care Practitioners and
patients is available on the RHO Phyto website at www.rhophyto.com, as well as on the
Avicanna Academy website at https://www.avicanna.com/the-avicanna-academy/, along
with additional product information, product guidelines for patients, and
frequently asked questions.
As a
part of Avicanna's commercialization strategy, the Company will be providing
education and training for HCPs, patients, and medical institutions about
medical cannabis and the RHO Phyto product line. Educational materials can be
found on the Avicanna Academy website at https://www.avicanna.com/the-avicanna-academy/,
including a recording of Avicanna's 3rd annual symposium that was hosted
virtually in partnership with Shoppers on July 21st and was live-streamed by
over 1,000 participants.
1933
Industries Inc. (CSE:
TGIF) (OTCQX:
TGIFF), announced the
introduction of a new line of extra strength products to its extensive wellness
portfolio. The Canna Hemp™ Plus line was developed for consumers who want to
experience the added benefits of increased CBD at competitive prices from a
reliable and trusted brand.
As the health and wellness market
continues to research the power of the cannabis plant, the Company's Canna
Hemp™ brand is applying its expertise in utilizing cannabidiol (CBD) in a
variety of formulas in order to meet the lifestyles and needs of a growing
consumer base. With double the amount of CBD, the PLUS line was designed to
offer competitively-priced products with some of the highest amounts of CBD
found today in the marketplace.
"Our exciting suite of wellness
products continues to grow in a number of segments and price points. Over the
last three years, we have earned the trust of our consumers by offering
products that are effective, reliable and contain the highest quality CBD sourced
in the USA", stated Mr. Eugene Ruiz, President of 1933 Industries. 'Our
best-selling topical Relief Cream and all Elixirs will launch the PLUS line
today, with more products to follow over the coming months."
"We are also pleased to
announce that we have re-priced all of our regular Canna Hemp™ products and we
will be increasing the amount of CBD in the Canna Hemp™ Vape Pens, Lotions and
Lip balms. As the price of CBD has come down, we are passing these savings
along to our consumers", added Mr. Ruiz. "Our leading Canna Hemp ™
line will not only boast the best ingredients and most effective formulations,
but also a highly competitive pricing structure for premium products. There's
never been a better time to discover the many uses and benefits of hemp and CBD
for both the body and mind."
All Canna Hemp™ products are
specifically formulated with the Company's proprietary TerpFX™ blend of real
cannabis-derived terpenes and organic, botanical oils. Terpenes mimic the
profiles of cannabis strains without any THC. In addition to the PLUS line, the
Company recently launched a line of products made with organic hemp seed oil
available via online marketplaces such as Amazon.com and Walmart.com and via
its direct to consumer e-commerce website cannahemp.com.
The
Board of Directors of Province Brands of
Canada, the beverage technology company that has developed a
first-of-its-kind patent-pending process expected to reduce environmental
impact and create beverages and other ancillary products that are less harmful
for human health, announced that
Jennifer Dianne Thomas, Esq. has been appointed
the company's new Chief Executive Officer, effective immediately.
Previously, Ms. Thomas was the Province Brands' Chief Legal Officer. She is
Co-Founder of Province Brands and will remain a member of its Board of
Directors.
Ms.
Thomas replaces Dooma Wendschuh, Co-Founder and CEO since the company was
formed in 2016. Mr. Wendschuh informed the Board in December, 2019, of his
intent to transition from executive leadership, and planning has been underway
since. Mr. Wendschuh remains a full-time employee of Province Brands dedicated
to the company's success as a co-founder.
"Dooma
has taken Province Brands from an idea that met with widespread early
resistance to the verge of market-ready launch with facilities under
construction, valuable IP, a broad vision, emerging product offerings, and he
will remain an important part of Province Brands' future," said Ms.
Thomas. "I'm excited about the road ahead and thank Dooma and the Board
for its confidence and full support."
Ms.
Thomas added: "I'm excited to take over as CEO of Province Brands to
create and deliver new solutions and revenue streams that allow the business to
grow in these challenging times. In addition to innovative thinking, the
current environment in the industry and world at large presents a confluence of
constrains that require risk mitigation and sound legal, financial and
compliance experience that I have accumulated over my 12 years of practicing at
Schulte Roth & Zabel LLP, Jones Day, and with other cannabis companies.
These experiences have prepared me to lead Province Brands' to a bright future.
Since
co-founding Province Brands four years ago, Ms. Thomas has spearheaded multiple
vital strategic initiatives and partnerships, played a major role in managing
the business, overseen all aspects of the company's legal and licensure
strategies, and managed the company's legal and finance department.
"Under
Jennifer's leadership, Province Brands is poised to transform the brewing
industry," said Mr. Wendschuh. "There is no one better suited for the
job, more highly regarded by the team, or more capable to lead this company.
I've been honored to have Jennifer as a partner for the past four years and
I've been thrilled to watch her succeed at every task she's undertaken. Her
bold vision for the company is exciting and I'm thrilled to help her
succeed."
Ms.
Thomas for two years has represented Province Brands on the board of the
Cannabis Beverage Producers Alliance. She founded the State Bar of Georgia's
Cannabis and Hemp Bar Section. Prior to Co-Founding Province Brands, Ms. Thomas
held roles including Corporate Associate at Schulte Roth & Zabel LLP, and
Corporate Associate at Jones Day. She earned her Juris Doctor degree from
Howard University School of Law and holds a Bachelor of Fine Arts degree from
Southern Methodist University.
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loss of investment.
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