Investor Ideas #Potcasts,
#Cannabis News and #Stocks on the Move; #Podcast 506 (OTC: $LRSV) (TSX: $AH.TO)
(TSXV: $KHRN.V) (TSX: $AVCN.TO) (CSE: $PULL.C)
Delta, Kelowna, BC, December 10, 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/2020/121020-StocksToWatch.mp3
Read this in full
at https://www.investorideas.com/news/2020/cannabis-potcasts/12101LRSV-AH-KHRN-AVCN-PULL.asp
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Spotify
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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 private and public company
announcements.
Link
Reservations Inc. (OTC:
LRSV), a provider of cannabidiol (CBD) products
specifically tailored for pets, announced that it
is current with all of its OTC Market filings and has achieved "Current
Information" status, with no risk or yields signs associated with the
stock on OTCMarkets.com.
"I am delighted that the
Company is current once again and we can focus back on the business,"
commented Rene Lauritsen, LinkResPet CEO. "We continue to explore the
potential for growth in the CBD and wellness market and are currently assessing
a number of avenues through which we can expand our presence, including further
developing our product range," he added.
The Company has updated all
financial reports and disclosure statements and will resume operations with its
LinkResPet brand, making further announcements as new developments arise.
The Company also recently raised its
Authorized Shares in order to issue shares to its CEO, Rene Lauritsen, for an
acquisition that is pending which he initiated. These newly issued shares are
restricted for one year per Rule 144 and if the acquisition is not completed
the shares will be returned to treasury. As shareholders may note, LRSV's share
structure had previously been unchanged for almost four years.
Aleafia
Health Inc. (TSX:
AH)
(OTC:
ALEAF) announced that it
will commence cannabis exports to the Israeli medical cannabis market. The
Company signed a binding letter of intent with Equinox International Ltd., a
licensed British medical cannabis company with operations in the Israeli
market.
Under the LOI, Equinox has committed
to purchasing approximately 1,400 kg of dried flower in 2021. The first
shipment to Equinox is expected to occur in Q1 2021 pending receipt of
necessary import and export permits and completion of Aleafia’s cultivation
cycle. Permit applications have already been submitted and will mark the first
export of EU GACP-compliant dried flower grown at Aleafia’s Niagara Greenhouse
facility.
Israel, the world’s fastest growing
medical cannabis market, reached over 60,000 registered patients in 2020, from
half that figure in 2018. It is also the largest net importer of cannabis
globally, recently surpassing Germany.
Equinox International, in
partnership with Aleafia Health, will establish an Israeli Land-to-Brand
ecosystem covering supply, distribution, market leading brands and retail.
“Gaining market access to Israel, an
incredibly dynamic country with a fast growing, highly innovative cannabis
market, is something we’ve long aspired to,” said Aleafia Health CEO Geoffrey
Benic. “Doing so with Equinox, an accomplished, internationally scaled partner,
marks an exciting chapter as we commercialize Aleafia Health globally.”
“Equinox is delighted to form a
Land-to-Brand strategic partnership with Aleafia Health,” said Equinox
International CEO Xan Morgan. “Equinox is firmly positioned as a British
champion and in partnership with Aleafia will be a leader in the Israeli cannabis
market.”
The parties must now negotiate a
definitive agreement concerning the supply of dried flower to Israel over a
three-year term. They have agreed to negotiate the definitive agreement
exclusively with one another for a period of 45 days.
Khiron
Life Sciences Corp. (TSXV:
KHRN) (OTCQX:
KHRNF), a vertically integrated cannabis leader with core
operations in Latin America and Europe,
announced that it has now successfully completed the import of
its High THC medical cannabis product into Peru, with first prescriptions to be
filled in December.
With today's announcement, Khiron
becomes the first company to export High THC medical cannabis from Colombia and
the only Colombian company to fill High THC prescriptions in Peru for
commercial purposes. This expands the Company's product offering in Peru where
sales of its High CBD product began in September 2020.
"This first shipment of
Khiron's trusted High THC product into Peru represents a first in exporting
High THC medical cannabis from Colombia and delivers on our strategy to
increase our market impact in Peru, providing patients with reliable access to
medical cannabis products. With an established pharmacy partner and data from
medical cannabis prescriptions we have filled to date in Colombia, we know this
will make a difference in improving the quality of life for patients in
Peru," commented Alvaro Torres, Khiron CEO and Director.
As part of Khiron's Latin America
expansion strategy, its High THC medical cannabis products were successfully
imported into Peru as result of the Company completing all export, import and
distribution requirements, including approved receipt of quotas for the
Company's high THC medical cannabis by DIGEMID, Peru's drug regulatory
authority. Khiron Peru is a GSP certified, registered pharmaceutical
establishment, and Farmacia Universal has all required permits and licenses,
including Good Manufacturing Practices (GMP) certification, to prepare
magistral preparations with medical cannabis and distribute final products to
patients through pharmacies under the previously announced agreement with
Khiron.
The Company continues to expand
medical cannabis doctor education, with almost 200 physicians from Peru having
obtained their diploma accrediting completion of Khiron's medical education
through the Company's program with Tecnologico de Monterrey. The Company's high
THC products will focus on helping patients with serious conditions that
include chronic pain, spasticity, PTSD, nausea, insomnia, anorexia and
depression.
Avicanna
Inc. (TSX:
AVCN) (OTCQX:
AVCNF), a biopharmaceutical company focused on the
development, manufacturing and commercialization of plant-derived
cannabinoid-based products announced the
launch of its medical cannabis program in Colombia, under compound pharmacy
legislation “Formulaciones Magistrales”, in which Avicanna will provide its
standardized, industry-leading cannabinoid formulary to patients and the
medical community. Additionally, this program includes the education and
training of the medical community and a comprehensive patient support program.
Aras Azadian, CEO of Avicanna Inc.,
commented: “After 2 years of preparation, we are proud to be launching this
complete program in a market that is very significant to us and to be doing so
with a medical community that we have been working closely with for close to 3
years. We believe that this medical program will set the gold standard for
advanced cannabinoid-based medicine in Colombia and will act as a proof of
concept for planned expansions into other Latin American markets.”
The pharmaceutical cannabinoid
preparations, which require physician prescription, will be commercialized
through a range of business models including direct sales to patients, delivery
to national pharmacies and delivery to third party medical institutions across
Colombia. This comprehensive medical cannabis program is the first of its kind
in Colombia to be educating and training third party health care practitioners
on the efficacy of advanced cannabinoid-based medicine across various clinical
indications and comorbidities and providing appropriate cannabinoid solutions.
The target therapeutic areas include neurological disorders such as epilepsy,
Parkinson’s disease, multiple sclerosis, psychiatric indications such as PTSD,
anxiety, depression as well as chronic pain.
This first complete portfolio of
advanced cannabinoid preparations comprises the same scientifically developed
formulations as Avicanna’s Canadian RHO Phyto branded dosage forms including
topicals, oil drops, sublingual sprays, and capsules in range of CBD only and
CBD-THC ratios. The products are subjected to typical pharmaceutical drug
development, including stability studies and preclinical analysis where they
have demonstrated superior stability and bioavailability in comparison to basic
MCT oil formulations. Avicanna continues to advance these formulations through
real world evidence trials and further preclinical studies with leading
Canadian institutions and clinicians. In addition to its R&D efforts, the
Company continues to optimize its current formulas and expand its pipeline of
products to include alternative delivery mechanisms. The active pharmaceutical
ingredients for this program are sourced from Avicanna’s majority owned
subsidiary Santa Marta Golden Hemp S.A.S., where the cannabinoids are extracted
from organic and sustainably cultivated plants.
The final preparation of these
products is completed through Avicanna’s own Good Production Practices (GPP)
certified pharmacy lab in Bogota through its wholly owned subsidiary Avicanna
LATAM S.A.S. (“Avicanna LATAM”), which is believed to be the first of its kind
to be certified for cannabinoid preparations. The education and patient support
programs are also managed and operated by Avicanna’s medical team to ensure the
services meet Avicanna’s quality standards and complete the full vertical
integration.
“At Avicanna, our focus has always
been on patients, and today, with the launch of our medical program, patients
in Colombia will have access to therapeutic alternatives that may contribute to
the control of their comorbidities, improving their quality of life and solving
possible unmet medical needs altogether. With that, we have established
ourselves as a significant contributor to the health system in Colombia, where
we intend to also introduce novel pharmaceutical forms and provide optimal
care,” stated Dr. Carlos Maldonado, Senior Vice President, Clinical Development
at Avicanna LATAM.
Pure Extracts Technologies Corp. (CSE:
PULL) announced that it
has engaged a globally recognized operations, compliance, and regulatory
consulting firm to advise on the Company’s application to Health Canada for a
Dealers Licence under the Controlled Drugs and Substances Act (CDSA).
The CDSA
and its Regulations provide, among other things, the framework for legal access
to controlled substances, and the control and regulation of production,
distribution, and sale. One of Health Canada’s responsibilities is to provide
the licensing and oversight framework for the legal production of controlled
substances.
Under
this framework, a company is required to obtain a licence issued by Health
Canada in order to conduct various activities with controlled substances.
Licence holders are responsible for compliance with the CDSA and its
Regulations as well as compliance with other applicable federal, provincial,
and territorial legislation and municipal by-laws. The issued licence dictates
activities, conditions, and restrictions for the licence holder depending on
licence permissions.
A
Dealer’s Licence could allow for the following activities:
● Procurement
of controlled substances, including by import, synthesis, propagation,
cultivation and harvesting of psychedelic mushrooms for psilocybin extraction
●
Research and manufacture of controlled
substances such as psilocybin and psilocin
●
Business to business sale of controlled
substances, including by export
● Sale of
controlled substance via pharmacies
Pure
Extracts CEO, Ben Nikolaevsky, remarked, “Having the support of one of Canada’s
premiere consulting companies with subject matter proficiency in cannabis and
other regulated consumer product industries assures that we will submit a
fully-compliant Dealers Licence application to Health Canada in the shortest
time possible. As a plant-based extractor bringing functional mushroom products
to market in Q1 2021, we are very excited to be laying the groundwork for our
move into the controlled substances world of psychedelics.”
Having
the ability to do extraction research and development into psychedelic
compounds such as psilocybin and psilocin will prepare Pure Extracts to work
with partners such as medical doctors, pharmaceutical company and pharmacies as
clinical trials lead to the legalization of psychedelics and the advancement of
micro-dosing in the near future.
Submission
of the Company’s Dealer’s Licence application is subject to compliance with
applicable securities laws, including any necessary approvals by the CSE.
Investor ideas reminds all
listeners to read our disclaimers and disclosures on the Investorideas.com
website and that this podcast is not an endorsement to buy products or services
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loss of investment.
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