Investor Ideas #Potcasts, #Cannabis News and #Stocks on the Move; Episode 494 (TSX: $VFF.TO) (NASDAQ: $VFF) (CSE: $HOLL.C) (OTC: $HSTRF), (NEO: HALO) (OTC: $AGEEF)
Delta, Kelowna, BC, November 11, 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:
https://www.investorideas.com/Audio/Podcasts/2020/111120-StocksToWatch.mp3
Read this in full at https://www.investorideas.com/news/2020/cannabis-potcasts/11111VFF-HOLL-HSTRF-HALO-AGREEF.asp
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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 will be looking at a few public announcements.
Village
Farms International, Inc. (TSX:
VFF)
(NASDAQ:
VFF)
announced that
Village Farms' wholly owned subsidiary, Village Farms Clean Energy, Inc.
("VFCE"), has renewed and extended its existing contract with the City
of Vancouver under which VFCE receives landfill gas captured by the City of
Vancouver at the City's landfill site in Delta, BC. The 20-year extension
period, with an option for an additional five-year extension period, commences
upon start-up of the Delta RNG Project commercial operations.
The renewed and extended COV LFG
Contract enables Village Farms to transition VFCE to a more attractive
long-term business model based on the conversion of landfill gas to high-demand
Renewable Natural Gas (RNG), which will also generate food-grade liquid CO2,
significantly reducing Village Farms' and Pure Sunfarms' reliance on natural
gas to produce CO2 in their operations. The reduction in natural gas
requirements is expected to eliminate 28,000 tonnes of CO2 emitted through
natural gas production, or the equivalent of taking more than 6,000 automobiles
off the road, annually.
VFCE has entered into a partnership
with Mas Energy, LLC ("Mas Energy") for the Delta RNG Project, under
which Mas Energy will design, build, finance (including all capital expenditure
for construction), own and operate the Delta RNG facility.
"Throughout our history,
Village Farms has been committed to environmental sustainability and clean
agricultural technologies," said Michael DeGiglio, CEO, Village Farms.
"The Delta RNG Project will allow Village Farms to take this commitment to
the next level to meet the evolving energy needs of the region and further
contribute to the reduction of greenhouse gases in the Fraser Valley, while the
City of Vancouver will benefit from
higher beneficial landfill gas utilization. Village Farms' and especially Pure
Sunfarms' Delta greenhouses, will benefit from a reduced reliance on fossil
fuel-sourced natural gas, as well as an improved earnings profile, with lower
ongoing capital expenditure requirements. It's a win-win-win for the region,
our Company and our shareholders."
"The City of Vancouver is
pleased to continue our longstanding partnership with Village Farms for
beneficial use of landfill gas from the Vancouver Landfill. Their new venture
to convert the landfill gas into Renewable Natural Gas supports our on-going
efforts to address the climate emergency and cut carbon pollution in Vancouver
by 50% by 2030," said Albert Shamess, Director of Zero Waste and Resource
Recovery, City of Vancouver.
"Mas Energy is proud to partner
with Village Farms and the City of Vancouver on this exciting project,"
said Michael Hall, Principal at Mas Energy. "We look forward to starting
site activities very soon and delivering the benefits of cleaner energy and air
to the citizens of the Vancouver region for a long time to come."
Hollister
Biosciences Inc. (CSE:
HOLL) (OTC:
HSTRF), a diversified cannabis branding company with
products in over 280 dispensaries throughout California, and over 80
dispensaries throughout Arizona, announced the
launch of its direct to consumer cannabis delivery platform, Dreamy Delivery
("Dreamy" or the "Platform").
The company soft launched Dreamy
Delivery to friends and family in the San Francisco Bay Area of Northern
California ("Bay Area"), to ensure a seamless customer experience in
early Q4 of 2020. The Company has expanded the Platform, with Dreamy now successfully
delivering to legal cannabis consumers in the Bay Area. The Company hopes to
launch Dreamy in Sacramento and the Central Coast of California by late Q4 of
2020 with the ultimate goal of delivering Cannabis statewide.
Carl Saling, CEO of Hollister,
shared: "This is a major first step in our quest to be the dominant direct
to consumer platform delivering cannabis to the entire state of
California."
Halo
Labs Inc.
(NEO:
HALO) (OTC:
AGEEF) has
closed its previously announced acquisition of U.K. based
cannabis distributor, Canmart Ltd. As a result of the Acquisition, Halo has
acquired 100 percent of Canmart's issued and outstanding common shares and, in
doing so, one of the few distribution platforms for cannabis-based products for
medicinal use ("CBPMs") in the U.K.
● Upon
closing the Acquisition, Halo has secured:
○ All the
licenses needed to import and wholesale CBMPs in the U.K.
○ Operations
in a 30,000-square-foot , third-party logistics warehouse in southeast England
managed by Canmart, focusing on the pharmaceutical and healthcare industries.
○ A
management team with over sixty years of combined logistics and distribution
experience in the pharmaceutical and healthcare sectors to grow the business.
● In
addition, the terms of the Acquisition provided for:
○ The
entering into of a pooling agreement whereby the Canmart Shareholders have
agreed not to, in the aggregate, during any trading day, sell on a Canadian
stock exchange such aggregate number of Halo Shares that would exceed ten
percent of the prior trading day's total volume of sale orders in Halo Shares.
○ The
entering into of an escrow agreement whereby ten percent of Halo Shares issued
to the Canmart Shareholders on closing of the Acquisition will be escrowed for
a 24-month period after closing.
○ Consultation
services provided by Anmoho LLC – an arm's length consultant for the Company –
which includes general and advisory review, due diligence, the preparation of a
valuation in exchange for an aggregate of 10,156,250 Halo Shares. Anmoho LLC
entered into a volume restriction agreement whereby Anmoho will not during any
trading day sell on a Canadian stock exchange such aggregate number of Halo
Shares that would exceed five percent of the prior day's total volume of sales
orders in Halo Shares.
In a 2019 study, the International
Energy Association reported 255 tons of cannabis were sold in the U.K. at a
cost of £2.6 billion (CAD$3.4 billion) to three million consumers1. A 2019
publication by Dr. Daniel Couch of the Centre for Medical Cannabis estimated
that each year 1.4 million U.K. citizens self-medicate with cannabis
illegally.2 It is thus understandable why experts predict as a result of
loosening restrictions by 2024, that the legal
U.K. medical cannabis market has the potential to reach 400,000 active patients
and £1 billion ($1.3 billion) in value. Factoring affordability and easier
access, and up to 52 treatable conditions, leading market intelligence firm,
Prohibition Partners3, estimates that the total patient base for medical
cannabis use in the U.K. could reach four million during the same time period.
Additionally, the Extract Industry
advocacy group recently reported the following positive developments in the
U.K. cannabis industry that demonstrate the adoption rate of legal medical
cannabis:
● The
number of cannabis clinics has increased by 50 percent in 2020 with over 10
separate locations across the country.
● Cannabis
clinics now have an ever growing waiting list with the biggest chain of 1,000
patients.
● After a
patient has been seen by a provider, prescription rates have grown to 96
percent.
● The Care
Quality Commission has authorized the use of telemedicine consultations to
treat patients as a result of the COVID-19 pandemic.
In December 2018, Canmart was one of
the first movers to anticipate the growing legalization of medical cannabis in
the U.K. With expertise in cannabis education, storage and distribution,
Canmart holds all relevant licenses to attain bulk importation, as well as
store and distribute CBPMs. Canmart possesses the necessary logistics
expertise, storage facilities, solid pharmaceutical and healthcare
relationships in order to meet the country's growing patient base and demand
for medical cannabis products.
"We are so enthusiastic about
the acquisition of Canmart and our growth plan for the United Kingdom,"
Co-Founder and Chief Executive Officer of Halo Labs, Kiran Sidhu said.
"Since the attainment of our cultivation site operated by Bophelo
Bioscience & Wellness in Lesotho, South Africa, we've been able to achieve
the cultivation and distribution of high-quality cannabis, derived from
exclusive, proprietary genetics under license from OG DNA Genetics. The closing
of the Canmart acquisition will allow us to further expand our reach of
medicinal cannabis to patients looking for individualized treatment in the
United Kingdom and create new international avenues for distribution while
raising Halo's gross margin."
New
Leaf Ventures Inc. (CSE:
NLV)
(OTC:
NLVVF), a management and investment organization dedicated
to evaluating and accelerating advanced stage operations in the North American
Cannabis sector announced an
agreement whereby its New Leaf USA venture operations with brand license
operator New Leaf Enterprises has concluded an agreement with Washington
state-based Schilling Hard Cider for the creation of proprietary formulations,
brand and distribution strategies for a family of cannabis infused beverage
products.
“We have entered into a
collaborative strategic partnership with Schilling Hard Cider,” notes New
Leaf’s Operations Chief, Boris Gorodnitsky. “We intend to launch our strategy
with two exciting lines of casual beverages with around 2-4mg of THC in
conventional six packs of 12-ounce cans or bottles. Our plan is to create a
beverage that has the same drinkability as beer or hard cider, suitable for 1-3
bottles or cans consumed in an evening to achieve a light to medium effect.
Schilling Hard Cider’s seasoned team will create the final formulations and
branding. They will consult with us regarding production methods and provide
licensing for the base formulations that we will infuse with high quality THC.
Then New Leaf will put the product into cans, package and distribute it.”
Founded in Seattle, Schilling Hard
Cider has become a high-profile success story. Their innovative flavor forward
beverage formulations provide the basis for New Leaf ‘s move into the casual
cannabis beverage sector. Schilling is ideally positioned, as an article by The
Craft Brewing Business noted that ready-to-drink (RTD) products in 2019 were
the fastest growing beverage alcohol category over the past three years. This
is fueled by the innovation and convenience of hard seltzers in the US. Trend
data suggests innovation, affordability, refreshment, convenience and youth
appeal have contributed to sales growth. Colin Schilling, Co-Founder and CEO of
Schilling Hard Cider brings multi-generational entrepreneurial family history
and values to the team at Schilling which combines that outlook with modern
cider-making techniques to produce innovative, high quality and complex hard
ciders and custom formulations.
Colin Schilling comments, “We aim to
bring the same approach to creating superior results in this whole new class of
THC-infused products as we do with our traditional beverages. In many ways I’m
delighted to see the big players are getting involved as this shows the market
has serious growth potential. But I’m a believer in craft quality and the
importance of local cultures. In that regard, we believe the team at New Leaf
have a similar outlook. Together, I think we can do great things for the casual
beverage marketplace both here in Washington
and someday across the nation.”
Michael Stier, CEO of New Leaf
Ventures states, “When the team in Seattle brought this concept to us it
virtually sold itself. The revenue numbers for the beer and hard cider markets
alone are astronomical. By any reasonable measure, capturing even a slice of
the available percentages and growing a solid brand built on quality, taste,
and measurable effect is a winning concept. Our strategy has both near and
long-term upsides with an initial launch planned for early 2021 with retail
sales commencing in Washington state recreational cannabis stores with an eye
on expanding to other states. The Company is also looking at CBD beverage
options which could be sold at thousands of retail outlets across the Country.
The relationship with Schilling also brings access to their strong
relationships with national beverage distributors. So as product pathways begin
to open, New Leaf will be well positioned for category placement in
supermarkets and convenience stores. This is an exciting opportunity for the Company,
our shareholders, and consumers alike. We look forward to working closely with
the team at Schilling.”
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