Investor Ideas #Potcasts 513- #Cannabis News and #Stocks on the Move; (TSXV: $FLWR.V) (OTC: $MJNA) (OTCQB: $CTGL) (TSX: $AVCN.TO)
Delta, Kelowna, BC, January 6, 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/2021/010621-StocksToWatch.mp3
Read this in full
at
https://www.investorideas.com/news/2021/cannabis-potcasts/01061FLWR-MJNA-CTGL-AVCN.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 company announcements.
North America’s first research and
development facility dedicated to advancing cannabis cultivation techniques and
systems has been completed by The Flowr
Corporation (TSXV: FLWR) and Hawthorne Canada Limited. Hawthorne is a subsidiary of the
Hawthorne Gardening Company division of The
Scotts Miracle-Gro Company (NYSE:SMG). Scotts Miracle-Gro is the world’s
leading marketer of branded consumer lawn and garden products and indoor growing
solutions. Flowr cultivates and sells premium cannabis to medical and adult-use
markets in Canada, Europe and Australia.
Located on Flowr’s cultivation
campus in Kelowna, British Columbia, Canada, the R&D Center includes
state-of-the-art laboratories, indoor grow suites, and training areas in a
single building. Flowr will test cultivation systems and techniques using
Hawthorne’s advanced lighting, fertilization and irrigation systems, growing
mediums, and research protocols. In addition, Flowr intends to focus its own
research on cannabis genetics and integrated growing systems in line with its
goal of delivering premium quality cannabis products through highly efficient
cultivation.
“We built Hawthorne to help
cultivators of all sizes grow quality plants with high levels of efficiency and
consistency. Completing the industry’s only dedicated R&D facility gives us
a distinct advantage. We will leverage Flowr’s cultivation expertise and our
technical capabilities into real world testing and results that will make a
difference to growers,” said Chris Hagedorn, SVP & General Manager of
Hawthorne Gardening. “We are proud of this collaboration with Flowr, a leading
international cannabis company, with extensive growing experience indoors, in
greenhouses and at-scale outdoors. Flowr is also one of a few companies that
have had experience growing diverse genetics in different countries. We believe
this experience will benefit our companies and the growers we serve.”
“The completion of the R&D
Center brings our work with Hawthorne fully to life and will help keep both
companies on the leading edge of cannabis cultivation for years to come,”
commented Lance Emanuel, President and Interim Chief Executive Officer of
Flowr. “Operationalizing the R&D Center is a major accomplishment for our
organization and strengthens our competitive advantage in cultivation. We
believe the long-term success of Flowr will be rooted in our ability to
maximize the cannabinoid and terpene expression of genetics without sacrificing
yield. The work we will do at the R&D Center will help us build upon the
success we’ve had producing high quality, premium cannabis like our
award-winning, flagship-strain BC Pink Kush beloved by budtenders and consumers
throughout Canada. Leveraging our work at the R&D Center will be imperative
to our eventual entry into the United States once federally permissible by
law.”
The R&D Center is the
centerpiece of a strategic R&D partnership formed by Flowr and Hawthorne in
March 2018. It brings two of the world’s leading experts together to be at the
forefront of cannabis cultivation. The operations will be led by Dr. Deron
Caplan, the first person in North America to earn a PhD focused on cannabis
cultivation and production. Dr. Caplan was awarded his doctorate by the
University of Guelph in August 2018 and is Flowr’s Director of Research and
Development. The R&D Center will be staffed by Flowr’s scientists, five of
whom have PhDs in various plant biology, plant genetics and plant biochemistry
disciplines. Hawthorne R&D will lead the research design and methodology.
All requisite licensing from Health
Canada has been obtained by Flowr and the expectation is that the R&D
Center will be operating at full capacity in Spring 2021. Research has already
begun conducting growing trials at scale using Hawthorne products.
Medical
Marijuana, Inc. (OTC: MJNA) announced that its subsidiary HempMeds® has
launched its first-ever products containing cannabigerol (CBG) and cannabinol
(CBN) as part of the Company’s recently updated brand strategy.
“When we founded HempMeds a decade
ago, we were helping to create the entire CBD category. Since then, CBD has
become the booming industry that we expected and acceptance for cannabinoids
has come an incredibly long way in the last few years,” said HempMeds®
Co-Founder Michelle Sides. “While our flagship RSHO products remain popular, we
recognized it was time to expand alongside the industry and broaden our offerings
as part of the company’s exciting new direction. We are confident that
consumers will be excited about our new CBG and CBN products.”
Each 12-ounce bottle of HempMeds®’
RSHO® Calm Support is formulated to promote overall relaxation with 300 mg of CBN,
2,000 mg of CBD and 300 mg of Piperine, naturally derived from black pepper, to
increase bioavailability.
For those looking for an additional
boost of focus, each 12-ounce bottle of RSHO® Focus Support offers 1,500 mg of
CBD, 1,500 mg of CBG and 300 mg of Piperine.
“It is amazing to think that there
are over 100 lesser-known minor cannabinoids in the cannabis plant, each with
its own potential benefits. With minor cannabinoids like CBG and CBN growing in
popularity, they will likely take over more and more of the expected $47.2
billion global cannabis market. We look forward to continuing to expand and
evolve our offerings in response to consumer demand, starting with these new
products,” said HempMeds® CEO Raul Elizalde.
On December 30, 2020, Cannovation
Center Israel Ltd. won Israeli Government Ministry of Economy grant to acquire
10,000 square meters (2.5 acres) of industrial land to build the Cannovation
Center Israel at the Biopharma Park in Yeruham.
The Cannovation Center Israel is a
unique platform that includes factories for the production of medical cannabis,
botanicals, CBD, hemp, supplements, food, and cosmetic products; laboratories
for quality assurance, research, development, and clinical trials; a logistics,
distribution, import and export center; business development strategy services.
Citrine
Global, Corp. (OTCQB: CTGL) operates in Israel through its
wholly owned subsidiary, CTGL - Citrine Global Israel Ltd. ("Citrine
Global Israel"), which focuses on Israeli technologies in the fields of
healthcare, wellness, foodtech and medical cannabis.
Cannovation Center Israel Ltd. is
60%-owned by Citrine Global Israel Ltd. and Citrine Global Group views the
establishment of the Cannovation Center Israel as a national project backed by
grants and support from the Israeli government and the Yeruham local council,
and is aiming to create an ecosystem and collaborations between companies,
entrepreneurs, universities and partners from Israel and around the world.
Ora Elharar Soffer, CEO, Citrine
Global Corp.: "We are proud to be the ones to establish the first
operational innovation center of its kind for cannabis in the Biopharma Park in
Yeruham with the support of the Israeli government and Yeruham Local Council
and take part in the realization of Tal Ohana's vision to turn Yeruham into the
capital of medical cannabis. The Cannovation Center Israel will provide a
comprehensive operational solution tailored to the requirements of the cannabis
and botanical industry and is an important milestone that combines production,
operations, technologies, and business development to leverage local and
international collaborations. According to our strategy, we plan to build
additional operational innovation centers working in this business model around
the world."
Tal Ohana, Mayor of Yeruham:
"We have been working with Ora Elharar Soffer and the Citrine Global Group
and welcome the establishment of the innovative Cannovation Center Israel in
the Biopharma Park in Yeruham. Our vision to turn Yeruham into the medical
cannabis capital, through the Green-Negev project which I have been leading in
the last few years, is becoming a reality. We receive support from the Israeli
government and leading companies and entrepreneurs. In the last year, we have
established a start-up incubator for cannabis technologies with the assistance
of the Innovation Authority and in partnership with the pharmaceutical company
Perrigo, which has a factory in Yeruham, and with Israeli Cannabis Company BOL.
The incubator is already active, and the expected volume of investments is NIS
150 million for the operation of the incubator in the coming years. In
addition, we received approval from the Ministry of Economy to allocate land
and support factories' construction, which includes a 30% return on investment
in the construction of the factory, a subsidized industrial area, reduced
corporate tax, subsidy for senior employees' salaries, and more."
Avicanna
Inc. (TSX: AVCN) (OTCQX: AVCNF), a biopharmaceutical company
focused on the development, manufacturing and commercialization of
plant-derived cannabinoid-based products, announced that the Company has entered into a
master services agreement with the University Health Network for projects to be
performed by Dr. Peter Carlen as the principal investigator related to
epilepsy. Additionally, the company has completed the technical transfer and
first pharmaceutical pilot production of its epilepsy drug candidate at Altea
Farmaceutica S.A. in Bogota, Colombia, a major step required for the final
preparation for its registration and commercialization in South America.
The epilepsy research collaboration
is lead by Dr. Peter Carlen, who is a Senior Scientist at the Krembil Research
Institute at UHN and a world-renowned researcher in the field of epilepsy. Dr.
Carlen's laboratory will be analyzing Avicanna's RHO Phyto and pharmaceutical
cannabinoid-based products for their efficacy in the treatment of seizures.
The partnership will also co-develop
a high throughput electrophysiological testing system for the evaluation of
multiple cannabinoid ratios and in combination with standard epileptic drugs.
In addition, the system will examine standard anti-seizure drugs for their
efficacy in the model and determine the potential synergistic value of
adjunctive cannabinoids, and cannabinoids as monotherapy in treating seizures
in this in vitro setting.
Dr. Peter Carlen commented: “The
Carlen lab is very pleased to research the relationships between the premium
medicinal cannabinoid products of Avicanna and their effects on epilepsy. Also,
in collaboration with Avicanna, we are developing a high-throughput platform to
assess these interactions. We think that medical cannabinoids will have a major
impact on brain health, particularly as we gain greater understanding of their
effects on brain function in health and disease.”
The services to be performed under
the Master Services Agreement will be provided on an exclusive basis and Dr.
Carlen's laboratory has agreed to not conduct testing on any formulations or
products similar to the Products for a period of two (2) years. All
intellectual property created under the Master Services Agreement will remain
the sole property of Avicanna. The research collaboration is further expanded
to include electrophysiological studies of medical cannabinoids on 3D human
cerebral organoids and neuroglial cultures with the support of a two-year
Mitacs Accelerate program grant.
Avicanna also completed its first
pharmaceutical level production of its first epilepsy drug candidate under GMP
and ICH guidelines which are necessary for sanitary drug registration. The
formulation developed by Avicanna includes active pharmaceutical ingredients
which are cannabinoids produced by Avicanna’s subsidiary Santa Marta Golden
Hemp S.A.S. The final GMP manufacturing took place at Avicanna’s exclusive
manufacturing partner’s, Altea’s, facility in Bogota, which is a Health Canada
and ANVISA (Brazil) approved GMP facility. The completion of this
pharmaceutical production now allows Avicanna to proceed with drug registrations
for epilepsy across several markets in South America including Colombia and
Brazil.
Aras Azadian, CEO of Avicanna,
commented: “We are pleased to demonstrate our dedication to world-class
research and to take this stride in our epilepsy research program with a
leading Canadian research institute and Dr. Carlen. This multi-level
partnership will help to further study our current medical cannabis and
pharmaceutical products, and will support the development and increase the
depth of our pharmaceutical pipeline. Additionally, the completion of our first
pharmaceutical production marks a milestone event in our drug development plans
and highlights our capabilities to scale our drug formulations from bench top
to industrial manufacturing.”
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