Investor Ideas #Potcasts 520, #Cannabis News and #Stocks on the Move; (TSXV: $VIS.V) (NASDAQ: $JVA) (TSX: $AH.TO) (OTC: $ALEAF)
Delta, Kelowna, BC, January 21, 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/2021/012121-StocksToWatch.mp3
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at https://www.investorideas.com/news/2021/cannabis-potcasts/01211VIS-JVA-AH-ALEAF.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.
Visionstate
Corp.
(TSX-V:
VIS)
announced that it
has entered into a non-binding Memorandum of Understanding with Edmonton-based
Freedom Cannabis Inc. to pursue strategic opportunities in business and
technology development.
The MOU provides a basis for which
the two companies can collaborate to pursue opportunities, including the
introduction of Visionstate IoT Inc.’s proprietary Internet of Things (IoT)
technology to the cannabis sector.
“We are extremely pleased to have
entered into this MOU with Freedom Cannabis,” said Visionstate CEO John
Putters. “It is a demonstration of the versatility of our Wanda IoT platform
that has typically been sold to the building management sector. This relationship
opens the door to an entirely new industry.”
“After observing the evolution of
the cannabis sector, we decided that now was the right time to leverage and
develop IoT technology to improve productivity and fulfill the industry needs,”
said Freedom Cannabis CEO Johnfrank Potestio. “The IoT will align neatly with
our processes and enable the next stages of operational innovations.”
Visionstate’s IoT technology,
branded under the name Wanda, is currently deployed throughout North America in
diverse settings, including hospitals, airports, casinos, office building and
shopping centres, to name a few. Wanda is designed to track and monitor
cleaning processes and protocols using sensors and IoT devices.
For the cannabis sector, the
technology will be tailored toward collecting data on routine processes,
including the maintenance and sanitation records in grow rooms. Currently the
tracking and stamping of employee tasks for most cannabis producers is paper
based. This includes tracking of maintenance, pest control, defoliation, and
cleaning and sanitizing rooms and equipment.
“Introducing our IoT technology to
the cannabis sector opens new opportunities to diversify our customer base and
expand our revenues,” Putters explained. “Cannabis producers all face similar
challenges in automating operations, so the application is relevant to
virtually any licenced producer.”
The MOU also paves the way for the
two companies to explore other opportunities in business and technology. The
relationship is solidified by the fact that Visionstate Corp. is an existing
shareholder of Freedom Cannabis Inc.
According to the Financial Post the
estimated value of the cannabis sector in Canada will be $5 billion in 2021.
Coffee
Holding Co., Inc. (Nasdaq:
JVA),
a leading integrated wholesale coffee roaster and dealer in the United States,
today announced that The
Jordre Well, LLC, the Company’s 49%-owned hemp and CBD beverage company,
has submitted 14 different CBD-infused coffee samples to Columbia Laboratories
for analysis and testing.
From cannabis compliance to
nutritional fact labeling, Columbia Laboratories is expected to apply the
highest quality control standards and review to assure accurate data and
reliable reporting, including dietary analyses, pesticide and residues testing,
environmental testing, cannabinoid content, shelf life and stability studies.
This testing is intended to ensure that the CBD-infused coffee products The
Jordre Well has been formulating will meet the Company’s stringent quality
control standards.
“Ensuring the highest level of
consistency and quality is our number one goal,” commented Ian James, founder
of The Jordre Well. “Coffee consumers demand a homogeneous drinking experience
without the taste or smell of hemp, and that’s just what we’ve formulated. Upon
completion of these tests, we intend to move into the next phase of commercial
scaling to provide consumers high-quality, great tasting hemp CBD infused
coffee.”
The Company’s flagship dark roast
Latin espresso brand, Café Caribe, as well as its gourmet coffee brand, Harmony
Bay, are expected to be the first two Coffee Holding Co., Inc. brands to offer
CBD-infused line extensions, along with Joey Kramer of Aerosmith Rock N Roast
coffee including Sumatra, Guatemala and Ethiopian flavors which will be made
available for consumers as soon as possible online in single-serve cups and
more.
“The product development cycle for
Café Caribe and Harmony Bay’s CBD-infused SKUs has been moving at a rapid pace
since the Company acquired 49% of The Jordre Well last October,” commented
Andrew Gordon, Chief Executive Officer of Coffee Holding Co., Inc. “We are now
in the final stages of product refinement for the CBD infused line extensions
and look forward to making these products available for sale as soon as
possible.”
Unifor and Aleafia Health Inc. (TSX:
AH)
(OTC:
ALEAF) announced that
they have entered into an exclusive 10-year agreement to support union members,
retirees and their eligible dependents who receive medical cannabis insurance
coverage through Unifor’s collective bargaining agreements.
"Unifor
members across the country deserve access to the benefits of medical cannabis
coverage through their benefits. As a union we will support our local
bargaining committees to add this coverage where possible," said Jerry
Dias, Unifor National President.
The
agreement supports a historic breakthrough in access to legal cannabis in
Canada.
Aleafia
brings unique national scale, organization and expertise to provide union
members, retirees and their eligible dependents with access to medical cannabis
product insurance reimbursement and physician-led cannabinoid therapy.
“This
agreement will provide thousands of union members and their families with
improved and affordable access to medical cannabis care, and ultimately be one
of the largest breakthroughs in patient access since the early days of
legalization in Canada,” said Geoffrey Benic, Aleafia Health CEO. “Our
dedicated team of medical professionals and program managers are excited to
begin working directly with Unifor members and launching this program.”
Through
its subsidiaries, Aleafia Health provides an enhanced level of service not
available through any other Canadian cannabis company. Members will receive a
customized wellness regime, including cannabis education, virtual physician
consultation, medical authorization, when appropriate, product ordering and
scheduled home delivery, all in one business day.
● Physician Expertise: Aleafia
Health is a pioneer in cannabinoid therapy in Canada, providing care to over
75,000 unique patients. This has also provided actionable data on best
practices on dosing, modes of intake, strain selection and patient safety,
resulting in peer reviewed research published in medical journals. Best in
class electronic medical records systems also allow close collaboration between
Canabo physicians and Unifor members’ family doctor.
●
Virtual
Consultation: Canabo today serves patients in every province of
Canada. Since the beginning of Covid-19, the Company has transitioned to
completing 100 per cent of consultations online and over the phone, allowing
patients to receive professional care from the safety and convenience of their
homes.
●
Product
Portfolio:
Through its flagship medical cannabis brand Emblem, members will benefit from
access to a diverse portfolio of high-quality cannabis formats, including oils,
capsules, sprays, sublingual strips, vapes and exclusive dried flower
cultivars. In addition, the Company looks forward to releasing a new line of
CBD wellness products, which includes formats not yet available in Canada.
● Scheduled Same Day Delivery:
Through its AssureHome Delivery platform, Unifor members can order and will
receive their medical cannabis order that evening, with best in class delivery
times.
As
Canada’s largest private sector union, Unifor represents over 315,000 members
across every sector of the Canadian economy. Aleafia Health, a global cannabis
health and wellness company, has provided over 75,000 individual patients with
cannabinoid therapy through its national network of clinics, along with access
to high-quality, federally regulated medical cannabis products.
The
California Cannabis Industry Association (CCIA), a
statewide nonprofit that promotes the growth of a responsible and legitimate
cannabis industry, announced that it
is offering its members exclusive access to banking through the North Bay Credit Union (NBCU).
Since California legalized cannabis,
operators have faced significant struggles with banking and payment services
given the federal government's continued ban on cannabis products. CCIA's goal
in partnering with NBCU is to alleviate the banking obstacles that cannabis
operators face, so they can focus on their core business.
CCIA's 400 cannabis industry members
will qualify for membership in the credit union and access to banking services
such as checking accounts, online bill payment, wire transfers, and ACH
processing. Employees of CCIA members are also welcome to join as individual
members of the credit union.
The cannabis market in California
generates annual revenues of $5.6 billion, which accounts for more than 10% of
the entire $52 billion national cannabis market. And sales in California are
projected to reach $7.2 billion by 2024. Additionally, the industry employs
nearly 40,000 people in California at some 7,400 cannabis businesses.
CCIA Executive Director Lindsay
Robinson said this partnership presents a huge benefit to CCIA members.
"Our goal is to alleviate the challenges that small businesses in the
cannabis space face when it comes to banking. We look forward to working with
the North Bay Credit Union to ensure our members receive the banking services
they need to conduct business safely and efficiently."
North Bay Credit Union's CEO, Chris
Call said that the credit union and CCIA share a common goal to ensure cannabis
businesses, which represent a significant economic sector, receive access to
the support they need to succeed.
Call said that "We have been
impressed with CCIA's commitment to help California cannabis operators thrive
through lobbying efforts and educational resources which aligns with our own
mission of promoting local economic growth. We've been a national leader in
offering the cannabis industry access to banking services. We are honored that
CCIA has selected us as a partner to serve their members.
CCIA was formed to promote the
growth of a responsible and legitimate cannabis industry and work for a favorable
social, economic, and legal environment for their industry in California. CCIA
represents over 400 businesses and approximately 15,000 employees.
North Bay CU has over $100 million
in assets and offers a full range of loans, including mortgages, vehicle loans,
home equity loans, agricultural loans and private student loans. The credit
union is federally insured by the NCUA.
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