Investor Ideas #Potcasts, #Cannabis News and #Stocks on the Move; Episode 504 (TSXV: $KHRN.V), (NASDAQ: $NEPT) (TSX: $NEPT.TO), (TSXV: $WMD.V), (CSE: $RWB.C)
Delta, Kelowna, BC, December 7, 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.
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to the podcast:
https://www.investorideas.com/Audio/Podcasts/2020/120720-StocksToWatch.mp3
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at https://www.investorideas.com/news/2020/cannabis-potcasts/12071KHRN-NEPT-WMD-RWB.asp
Hear Investor ideas cannabis potcast on iTunes
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.
Khiron
Life Sciences Corp. (TSXV: KHRN), (OTCQX: KHRNF), a vertically integrated
cannabis leader with core operations in Latin America and Europe, announced that as a result of strong clinical
evidence, the Company's National Strategic Project status, and a directive from
the Government of Colombia, its medical cannabis products and clinic services
are now covered by the country's major health insurance providers, including
medical cannabis as a first line therapy. In Colombia more than 94% of the
population have health insurance.
"We see the inclusion of our
products and services under health insurance policies as a significant driver
of revenue opportunities for Khiron in Colombia, and a validation of our clinic
model and the potential for market growth in the country. Importantly, this
will allow more Colombians access to benefit from our medical cannabis products
and clinic resources," commented Alvaro Torres, Khiron CEO and Director.
"Since becoming the first
company to fill cannabis prescriptions in Colombia, 92% of our patients have
reported an improvement in their primary conditions after four months of
treatment with Khiron products. We look
forward to improving the quality of life of even more patients who are now able
to access medical cannabis through insurance coverage," added Mr. Torres.
With today's news, Colombia joins an
exclusive list of countries offering health insurance coverage for medical
cannabis, including Germany and the Czech Republic. In the first half of 2020,
over €75 million worth of medical cannabis products were sold in Germany to an
estimated patient population of approximately 120,000 (Source: Prohibition
Partners). Revisions to German laws in 2017 had wide ranging implications for
the country's cannabis market requiring health insurers to cover the costs of
the prescription except in exceptional circumstances, with over 60% of patients
receiving reimbursement from their health insurance provider. In the Czech
Republic, which recently included extended health insurance for medical
cannabis, sales in the first four months of 2020 increased threefold over the
same period in 2019.
Under the Colombian program, Khiron
clinics receive government and insurance company authorization to fill patient
prescriptions for magistral preparations; subsequently, the Company is
reimbursed once products have been dispensed to the patients. This will allow a
greater number of Colombian patients to have access to Khiron's medical
cannabis products and clinical services. Khiron's clinic strategy continues to provide cost-effective access to
patients, while allowing the Company to generate medical evidence and deliver
an unparalleled physician and patient experience. With a large patient base and
growing network of physicians trained in the prescription of medical cannabis,
Khiron is uniquely positioned to take advantage of the insurance policy change.
Neptune
Wellness Solutions Inc. (NASDAQ: NEPT) (TSX: NEPT), a diversified and fully integrated
health and wellness company focused on natural, plant-based, sustainable and
purpose-driven lifestyle brands, made the following statement regarding the
More Act, that was passed today by the U.S. Congress.
This legislation marks the first
time either chamber of Congress in the United States has voted to federally
decriminalize cannabis. Michael Cammarata, Neptune Wellness Chief Executive
Officer, said:
"We salute the United States
government as they embrace the innovation that companies such as Neptune are
accomplishing daily. We are readying the Company for future expansion in adult
use-cannabis and global hemp, beginning in the United States with the potential
for legalization of cannabis under President-Elect Joe Biden."
"We believe the future of
creating health and wellness benefits for consumers across North America and
worldwide will be found in plant-based solutions such as those being developed
by Neptune Wellness. Our diversified and fully integrated business model
focuses on natural, plant-based, sustainable, and purpose-driven lifestyle
brands and the use of cannabinoids in household products to make them safer,
healthier, and more effective."
"If and when legalization
occurs, we intend to bring our Mood Ring product to the United States. This
cannabis innovation follows Neptune's first commercial production of hashish
(or hash) — comprised of extracted cannabis trichomes utilizing its proprietary
technologies at the Company's purpose-built facility in Sherbrooke,
Quebec. In the U.S., Neptune believes
our unique product offerings will likewise position the Company to enter what
will be a highly lucrative market and to meet consumer demand with market-leading,
dependable and responsible 'Made in the USA' brands."
Neptune has announced it is opening
a Florida-based office in 2021 to focus on U.S. legislation matters in cannabis
and global growth opportunities. This office will lead the Company's international
institutional advocacy program to drive the conversion of cannabis from an
illicit to the regulated market.
The Company already has a
24,000-square-foot facility in Conover, North Carolina, for the production of
branded product.
WeedMD
Inc.
(TSX-V:WMD) (OTCQX:WDDMF), a federally-licensed producer and distributor of medical-grade
cannabis, announced that it has commenced shipping its
newest cultivar Black Sugar Rose to the Ontario Cannabis Store for sale to
provincial retailers under the Company’s Color Cannabis adult-use brand.
As WeedMD’s first cultivar to carry
a terpene profile listing, the indica-dominant hybrid whole flower product is
currently available with a terpene profile of 3.6 per cent and THC level of 20
per cent. Packaged in nitrogen-flushed, Color-branded pouches, the Company is
responding to the call for new cultivars, flower integrity, greater product
diversity and less packaging. The move is also part of the Company’s commercial
growth plan to enhance market appeal for its Color Cannabis brand and
accommodate an ever-evolving, discerning national consumer base.
“Cannabis retailers and consumers
are increasingly aware that cannabinoids only tell a part of a flower’s story,”
said Angelo Tsebelis, Chief Executive Officer. “By adding terpene listings on
our Color brands, we are providing consumers with important product data and
information that will enhance their cannabis acumen and empower them to make
more informed purchase decisions. Black Sugar Rose packs an impressive 3.6 per
cent total terpenes and showcases our cultivation team’s time-tested commitment
to quality-production.”
“Cultivating and releasing Black
Sugar Rose in Ontario is a proud achievement and pays homage to WeedMD’s
cultivation pedigree and tradition for excellence,” said Curtis Wallace, Head
of Cultivation. “In selecting new cultivars, we took great care to complement
our carefully selected Color Cannabis genetics and product line. This
cultivar’s terpene and cannabinoid profile stands up alongside some of our most
iconic cultivars, including our exclusively held, top-selling Pedro’s Sweet
Sativa.”
Terpenes are organic compounds that
make up the aroma and flavour of specific cultivars. Studies suggest that total
terpene percentages dictate the intensity of aroma and potential to modify
effects of cannabinoids. Moving forward, WeedMD expects to list total terpenes
of each Color-branded dried flower product on its new packaging.
The Company also announced it has
agreed to part ways with Stephen Ng as Chief Commercial Officer effective
immediately. “On behalf of the Company, we thank Stephen for his many
contributions during the build-up of Starseed Medicinal and its integration
into WeedMD,” said Mr. Tsebelis. “Stephen was instrumental in shaping our
business as we prepare to enter the next phase of our growth. We wish him the
very best in his future endeavours.”
Red
White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) announced a phase one roll-out of an exclusive
line of cannabis products to the Michigan market through existing licensed
operators in the state. Initial products will include flower, vapes, gummies
and pre-rolls; pre-orders for Provisioning Centers will commence Wednesday,
December 9th.
The limited collection will include
distinct offerings, Red Label and Black Label, and will span over 30 High Times®
SKUs once fully launched. The product portfolio includes packaged flower,
pre-rolls, vapes and edibles offered in value and top shelf varieties. Subject
to MRA and lab approvals, the Company expects to see shipments commence in Q1
2021.
“There is no cannabis brand in the
world like High Times®,” said RWB Chairman & CEO Brad Rogers.
“As the most well-known brand in the community, High Times® helped
light the way before many of us had even thought about the space. We are on the
cusp of a new beginning for both our brands. One that will define RWB and High
Times® as the best-in-class for generations to come. We are very
excited to bring this important goal to fruition and have plans for many other
instantly recognizable High Times® initiatives. With the rights to
High Times® and Platinum Vape, RWB has the most recognizable
cannabis brands in the market today.”
“With a history as vibrant as ours,
every move matters, and each new step in a business’s roadmap is critical,”
High Times® Chief Executive Officer Peter Horvath noted. “As the
most recognizable brand in cannabis, making the jump into selling actual cannabis
products was a huge step in our evolution - but ensuring the proper execution
was essential. We’re extremely proud and excited to release our collaboration
with RWB for the world to consume!”
The Company has exclusive licencing
rights to brand dispensaries as well as manufacture and sell cannabis products
for the most well-known brand in the industry throughout Michigan. According to
data from Headset, recreational sales in Michigan have grown from $9.8 million
in January to $65.5 million by August and has already outpaced Nevada to become
the fifth highest-grossing state for cannabis sales while on track to surpass
$1 billion in sales.
In addition to its rights in
Michigan, the Company holds the exclusive licencing rights to brand
dispensaries as well as manufacture and sell cannabis products in Illinois and
Florida, subject to regulatory approval, and rights to use additional Hightimes
Holding Corp’s licenses throughout the world for CBD and other non-THC
cannabinoids-based products, though not branded as High Times®.
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