Investor Ideas #Potcasts 527, #Cannabis News and #Stocks on the Move; (NASDAQ: $VFF) (TSX: $VFF.TO) (TSXV: $WWT.V) (TSX: $HEXO.TO) (NYSE: $HEXO)
Delta, Kelowna, BC, February 8, 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/2021/020821-StocksToWatch.mp3
Read
this in full at https://www.investorideas.com/news/2021/cannabis-potcasts/02081VFF-WWT-HEXO.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 and private company
announcements.
Village
Farms International, Inc. (NASDAQ:
VFF)
(TSX:
VFF)
today
announced that it has repaid in full the C$19.9 million
(approximately US$15.6 million) promissory note, plus accrued interest of
C$621,534.25 (approximately US$486,849.78), that it originally issued to Emerald Health Therapeutics, Inc. as
partial consideration for the November 2020 acquisition from Emerald of the
36,958,500 common shares of Pure Sunfarms Corp. that Village Farms did not
own. Village Farms no longer owes any
amounts to Emerald with respect to the Pure Sunfarms Transaction.
Village Farms also announced that it
has exercised a portion of its option to make an additional equity investment
in Altum International, one of the
Asia-Pacific's leading cannabinoid platforms, increasing the Company's equity
ownership in Altum to just under 10% from 6.6%.
"The Altum team is making
strong, steady progress on the execution of its business plan and we are
pleased to be able to increase our equity stake in the company on similar terms
to that our of original investment," said Michael DeGiglio, CEO, Village
Farms International.
"Our international cannabis/CBD
strategy is to target select emerging markets with significant long-term
potential through partnerships with local experts who are early movers in their
respective regions. Our investment in Altum represents a capital efficient
means by which to participate in the significant opportunity in the
Asia-Pacific region, which represents approximately one-third of the world's
GDP1."
Village Farms continues to retain
the remaining portion of the option that it did not exercise, which offers the
Company the ability to further increase its ownership in Altum in the future on
similar terms to its original investment. Village Farms made its original
investment in Altum in August 2020.
Water
Ways Technologies Inc. (TSXV:
WWT)
announced that it
has received its fifth commercial and first international order for its Medical
Cannabis IOT Irrigation and fertilization system. The CAD$160,000 order was
received from a Licensed Producer in Southern Africa who is currently building
a 10,000 Square meters (approximately 110,000 Sq. ft.) Medical Cannabis
Cultivation facility. The order was received through a greenhouse integrator
who is building the complete facility.
The system is an Internet of Things
("IOT") controlled irrigation and fertilization system for Cannabis
cultivators and growers. Water Ways believes the system is one of the first in
the world that was designed for the specific needs of Cannabis growers and cultivators
worldwide. The Company expects to deliver and install the system by the end of
May 2021.
The system was developed in Israel
by the Company's engineers using the Company's unique knowhow gained in the
irrigation industry and tailored specifically to the Client's specific needs.
Ohad Haber the Company's Chairman
and CEO commented: "I am pleased that our technology is gaining traction
in the international Cannabis market. This is the first international order for
a Medical Cannabis irrigation system. We received this order following the
success we gained is delivering Irrigation systems to the Medical Cannabis
Industry in Israel among them to Cronos Israel. We will continue to focus our
efforts on selling similar systems around the world."
HEXO
Corp (TSX:
HEXO) (NYSE:
HEXO) announced
today that it has appointed Charles Bowman as General
Manager of its US operations, effective immediately.
“Charlie's extensive experience in
commercial growth and operations will be instrumental as we continue to expand
our footprint in the US. We are excited to bring such established leadership to
the team as we ramp up to support the growth initiatives of Truss CBD USA, our
joint venture with Molson Coors, and for potential non-beverage CPG partners
with whom we are in ongoing discussions,” said HEXO CEO and co-founder
Sebastien St-Louis.
Bowman is based in the US and will
be responsible for all implementation aspects of HEXO’s US operations including
stand up and commissioning of production facilities, overseeing operations,
supply chain and logistics, and building the team.
“Over the coming months, we expect
to begin deploying capital to build out production and processing facilities in
the State of Colorado for our Powered by HEXOTM technology, and
consider the US to be strategically important to our future growth,” continued
St-Louis.
Bowman brings a wealth of experience
tailoring natural biotech ingredients for the health, wellness and nutritional
beverage markets, a diverse global background and nearly three decades of
experience to the HEXO USA team. He has held senior leadership roles at leading
global ingredient suppliers including BGG and Solix Algredients (Natural
Antioxidants), Solazyme, now TerraVia (Algae Oils & Proteins), CP Kelco,
and Cargill (Hydrocolloids). Throughout his career, Bowman has strengthened
customer partnerships, customized innovations through extraction expertise and
accelerated growth in customer facing operations. An executive known for talent
and leadership development, Bowman has mentored nutrition and beverage
executives in US, China, Japan, Brazil and across Europe. He graduated from
Virginia Tech with a Degree in Food Science & Technology and holds a Master
of Business Administration from Averett University.
Nugg
Club,
the nation's first true cannabis subscription box featuring full-sized products
curated by experts and personalized to each customer, announced
today the launch of Schedule 1, a new cannabis brand that
seeks to provide instrumental support towards the mission of declassifying
marijuana as a controlled substance by the Drug Enforcement Agency (DEA).
Specifically, proceeds from Schedule 1 will be donated to lobbying efforts that
seek to reclassify marijuana, and to Last Prisoner Project to free individuals
in prison on non-violent cannabis charges who are serving jail because of
marijuana being defined as a Schedule I drug.
The Controlled Substances Act (CSA)
places all substances which are in some manner regulated under existing federal
law into one of five schedules. Drugs like marijuana, opioids and heroin are
classified as Schedule I drugs and are defined as those with no currently
accepted medical use and a high potential for abuse. They also carry heavy
penalties and jail time, sometimes mandatory, in the criminal justice system.
Yet, according to the Marijuana
Policy Project there are over 4.3 million patients in the U.S. who rely on
cannabis to ease the symptoms caused by myriad conditions, from cancer to post
traumatic stress disorder and epilepsy. In fact, the U.S. already has patents
on cannabinoids,
including THC, based on their ability to prevent age-related brain damage and
trauma.
While some bills have supported
rescheduling cannabis to a less harsh category, state-legal cannabis businesses
would still be unprotected from federal prosecution. Rescheduling also wouldn't
protect private citizens from arrest. Nugg Club aims to have Schedule 1 create
a self-sustaining platform that supports removing cannabis from the list of
controlled substances and helps to free people incarcerated for nonviolent
marijuana crimes due to federal scheduling.
"The federal Controlled
Substances Act was written more than half a century ago and is based on flawed,
unscientific and extremely outdated data. Cannabis is now commonly used to
successfully treat intractable seizures, cachexia, chronic debilitating pain and
many other life-threatening disorders. It's proven its utility within the
medical community, yet it's still classified as Schedule I," said Joe
Brottman, Creative Director of Nugg Club. "We're launching Schedule 1 to
not only increase awareness but provide instrumental support to the mission to
end the prison state."
At launch, Schedule 1 will include
three flower strains available in Nugg Club subscription boxes and online for
members to purchase via the Nugg Club add-ons menu. The strains include:
● Mimosa: This
sativa-dominant strain is a cross between Purple Punch and Clementine. A
daytime pick-me-up, Mimosa is great for chasing sleep away, relieving stress
and sparking creativity. Its mood-boosting terpenes, limonene and beta
caryophyllene, make for a zesty experience that tapers off gradually.
● MAC 1: Directly sourced
by legacy-grower Capulator, MAC 1 is a smooth hybrid strain with impressive
plant parents — Alien Cookies crossed with Starfighter and a Columbian landrace
(aka Miracle 15). Connoisseurs can trace spice, diesel, and sour citrus in the
strain's pungent aromas.
● Sunset Cookies: A proprietary
phenotype sourced from Thin Mint Cookies and Sherbet genetics, Sunset Cookies
is carefully bred in Coachella Valley to produce a mellow hybrid boasting with
notes of fruity blueberry and lavender citrus. Sunset Cookies provides a super
sweet balance between hazy and clear-headed effects.
The launch of Schedule 1 follows the
company's recent announcement of a more broad-ranging partnership with Last Prisoner
Project. This month, Nugg Club will be sending a special box to subscribers
that is rebranded to showcase the names of people imprisoned across the country
for nonviolent cannabis offenses. Products in the February box will feature
brands that specifically support social justice work, including Schedule 1. The
box will also include a call to action for Nugg Club members to participate in
LPP's "Letter to a Prisoner'' program and donate to the organization.
"We're at a unique turning
point in history. It's become clear that if we want to deschedule cannabis,
it's going to be up to us. We already have one-third of our population living
in states that allow legal recreational marijuana. Yet we still have prisoners
serving life sentences for weed--some for tiny amounts," said Erik Murray,
Last Prisoner Project Board Member. "Last Prisoner Project is proud to
partner with Nugg Club at the launch of Schedule 1 so we can push for change in
Congress and make sure our prisoners come home in the process."
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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
or securities. Investors are reminded all investment involves risk and possible
loss of investment.
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