Investor Ideas #Potcasts
539, #Cannabis News and #Stocks on the Move; (CSE: $LOWL.C) (CSE: $PULL.C)
(TSX: $VLNS.TO) (OTCQX: $VLNCF) (CSE: $AUSA.C)
Delta, Kelowna, BC, March 9, 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/2021/030921-Mining.mp3
Read this in full
at https://www.investorideas.com/news/2021/cannabis-potcasts/03091LOWL-PULL-VLNS-AUSA.asp
Hear the investor ideas potcast on Spotify
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 look at a few public company announcements.
Lowell
Farms Inc. (CSE:
LOWL) (OTCQX:
LOWLF), a leading, vertically-integrated, California-focused
cannabis company, has
completed its previously announced corporate name
change following the acquisition by Indus Holdings, Inc. of Lowell Farms. The
combined company is now operating under the Lowell Farms Inc. name.
The Company's Subordinate Voting
Shares and Warrants are now trading on the Canadian Securities Exchange under
the ticker symbols LOWL and LOWL.WT and
the Subordinate Voting Shares are now trading on the OTCQX under the ticker
symbol LOWLF. No action is required to
be taken by existing securityholders of the Company with respect to the name
change. Outstanding share and warrant certificates are not affected by the name
change and do not need to be exchanged.
"We are hard at work pairing-up
the best brand in cannabis with unparalleled production capabilities,"
says Lowell Farms Chairman George Allen. "By combining Indus'
infrastructure and capabilities with Lowell's brand leadership, we are building
a business that has no equal in cannabis."
Adds Lowell Farms Chief Executive
Officer Mark Ainsworth: "The integration of Lowell products in our
distribution network has already begun to show positive results, and we are
scaling operations to meet the demand for our marquee products. We now control
our own destiny and look forward to better showcasing the strength of our
company in 2021 and beyond."
Pure
Extracts Technologies Corp. (CSE:
PULL) (OTC:
PRXTF), a plant-based extraction company focused on
cannabis, hemp, functional mushrooms and the rapidly emerging psychedelic
sector, announced that it
has signed a Letter of Intent (LOI) with ShroomBloom Labs/Floja Bioscience Inc.
(“ShroomBloom”) to enter into an agreement for the supply of psychedelic
mushroom biomass.
ShroomBloom is a British Columbia
based mushroom cultivator whose unique growing method uses a sustainable forest
product to grow organic Psilocybe Azurescens mushrooms. Also known as Azures,
they are native to British Columbia and are one of the most potent psilocybin
mushrooms that have ever been found. Azures contain up to 1.8% psilocybin, 0.5%
psilocin, and 0.4% baeocystin by dry weight - nearly three times more than the
more common Psilocybe Cubensis mushrooms. ShroomBloom is currently conducting a
bio-tech research and development program utilizing artificial intelligence
(AI) to industrialize the cultivation of psychedelic mushrooms. Their goal is
to become the global leader in the production of psilocybin mushrooms.
Under the terms of the LOI, Pure
Extracts would get preferential access to ShroomBloom’s crop of psychedelic
mushrooms and would get ‘most favoured nation’ pricing. The LOI is subject to
both ShroomBloom and Pure Extracts holding Dealer's Licences under the
Controlled Drugs and Substances Act (CDSA).
Pure Extracts CEO, Ben Nikolaevsky,
remarked, “A supply agreement with a world-class cultivator like ShroomBloom
would ensure a reliable source of high-quality, high-potency, psychedelic
mushroom biomass for our extraction facility so that we can produce plenty of
psilocybin for our formulation R&D activities and for any resulting
clinical trials.”
The
Valens Company Inc. (TSX:
VLNS) (OTCQX:
VLNCF), a leading
manufacturer of cannabis products, announced the
closing of its previously announced acquisition of all of the issued and outstanding
shares of LYF Food Technologies Inc.
The cash and share transaction totaled CDN$24.9 million payable on closing,
plus approximately CDN$17.5 million in post-closing consideration subject to
achieving certain earn-out EBITDA milestones. With this acquisition of LYF,
Valens has accelerated its footprint in the edibles category, which is one of
the fastest-growing segments of the Cannabis 2.0 and 3.0 markets.
Tyler Robson, Chief Executive
Officer, Co-Founder and Chair of The Valens Company, said: "We are
incredibly excited to officially welcome LYF to the Valens family, which will
undoubtedly strengthen our manufacturing leadership position given their
confectionary expertise and broad network of partners and retailers. The
closing of the LYF acquisition, and the addition of their leading edibles
platform, signifies the completion of a key milestone in our strategy to drive
SKU growth in new product categories and maximize market share gains across the
country. We have already begun diversifying our product offering with the
launch of various soft chews manufactured in LYF's facility, and we have a
strong pipeline of new innovative edible products we believe will increase both
quality and variety in the existing edibles segment in Canada today."
Paolo Pero and Matthew Amado,
Co-Founders of LYF, said: "We are ready to hit the ground running with the
Valens team as a unified manufacturing force in the Canadian recreational
market. Our shared passion for putting consumers at the forefront of product development,
formulation and commercialization will be demonstrated as we begin rolling out
various edible products that the Canadian market has never seen before."
With the addition of the LYF
facility, the Company now has the capability to produce a wide range of edible
products in various formats and dosages as part of its central platform. The
added product development and manufacturing flexibility makes the platform
easily adaptable to evolving consumer preferences and changing market
regulations around edible products as Valens looks to expand both in Canada and
globally. Additionally, Valens welcomes several new team members who have
gained valuable experience working in the confectionary, commercial-scale food
manufacturing and cannabis industries, and bring with them the knowledge to
produce unique and expected higher-margin products such as honey, granola
balls, baked goods, and various gourmet gummy and chocolate formats. Vegan,
sugar-free and low-sugar formats are available and will be especially complementary
to the development of Valens' health and wellness product suite.
In the first quarter of 2021, Valens
and LYF launched edible products with shared partners A1 Cannabis Co. ("A1 Cannabis") and Verse Cannabis
("Verse"). In partnership
with A1 Cannabis, LYF launched the Summit Wild Berry Soft Chews, made with
real-fruit juice, no added colours or flavours and 5mg of THC per soft chew.
Additionally, The Valens Company and Verse Cannabis launched Verse Soft Chews –
a new line of edible formulations and unique flavors at a great value. The new
product lineup includes Verse Baked Apple Soft Chews, infused with flavours of
green apple and cinnamon offering a tart-meets-sweet flavour bite, and Verse
Sour Medley Soft Chews, a variety pack of five sweet and sour flavours,
including green apple, raspberry, watermelon, pineapple, and cherry. Each pouch
contains five soft chews each with approximately 2mg of THC and formulated with
Valens' premium cannabis distillate. The Verse Baked Apple Soft Chews are now
available in Alberta and are expected to be available shortly in British
Columbia and Ontario, while the Verse Sour Medley Soft Chews will be available
in the coming weeks in Alberta and British Columbia.
The Valens Company expects to ramp
up shipments of edible products to provincial retailers in the coming weeks,
including existing SKUs such as Citizen Stash Strawberry Mac gummies from LYF's
white label agreement with Experion Biotechnologies Inc. In the second quarter
of fiscal 2021, the Company intends to launch an assortment of unique,
consumer-driven edible products into the market.
Australis
Capital Inc. (CSE:
AUSA) (OTC:
AUSAF) today
announced that, further to its press releases dated January 5,
2021 and February 24, 2021, the Company has completed the acquisition of a 51%
ownership interest in 2750176 Ontario Inc. ("ALPS") for initial
consideration of $10,000,000 in shares of the Company and cash of $2,000,000.
With the transaction comes the option for AUSA to acquire the remaining 49% on
the terms summarized in the Company's January 5th press release. One of the
conditions of the transaction is that Mr. Terry Booth has been appointed the
Company's CEO, effective immediately. Mr. Booth has also been appointed to the
AUSA board of directors. Dr. Duke Fu, who had been serving as the Company's
Interim CEO since the November 2020 leadership transition, has been appointed
the Company's COO. Dr. Fu will remain on the AUSA board of directors.
With the transaction, AUSA is
acquiring a majority interest in ALPS, the global leader in facility design,
construction management and (post) commissioning services to the horticultural
sector across a wide variety of commercial crops, including cannabis, fruits,
vegetables, mushrooms and ornamentals. ALPS is also a foundational piece in the
Company's unique expansion strategy.
As announced on January 5, 2021,
with the closing of the ALPS transaction, ALPS principal and former CEO of Aurora Cannabis Inc., Terry Booth,
effective immediately, has been appointed CEO at Australis, replacing Dr. Duke
Fu who will take on the role of COO. Mr. Booth was also appointed to the board
of directors of AUSA. With these two appointments and the recent appointment of
Jon Paul as CFO of the Company, the core of the AUSA management team consists
of highly successful industry veterans with a track record in value creation.
Terry Booth, CEO, stated, "With
the completion of the ALPS transaction, AUSA has now been transformed into a
revenue generating company with a difficult to imitate multi-state expansion
strategy in the U.S. cannabis market. This transaction puts AUSA in a position
where it can pursue novel streaming deals to fuel the scaling up of its
high-quality brands across the nation, while delivering a de-risked income
stream from a diversified services portfolio. We made a number of promises to
our shareholders, and we are delivering on these, rapidly. I look forward to
continuing a high-frequency dialogue with our stakeholders as we continue to
execute and grow the Company. Ignite, excite and delight our shareholders and
customers is not a corny phrase, it is our focus, it is our mission, it is our
global and noble vision indeed."
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 or
securities. Investors are reminded all investment involves risk and possible
loss of investment.
Learn more about
our cannabis podcasts at https://www.investorideas.com/Audio/Potcasts.asp
To hear more
Investorideas.com podcasts visit: https://www.investorideas.com/Audio/.
The
Investorideas.com podcasts are also available on iTunes ( Apple Podcasts)
, Audible , Spotify, Tunein, Stitcher,
Spreaker.com, iHeartRadio , Google Play
Music and most audio platforms available.
Investors can trade these stocks and other ideas on our site using our list
of top stock trading apps including Robinhood ,
Acorn, Stash and others.
Potcasts is now a certified
word mark Trademark on the blockchain through Cognate, Inc. CM
Certification-Registration Number: 10468217708
About Investorideas.com - News that
Inspires Big Investing Ideas
Investorideas.com
is a recognized news source publishing third party news, research and original
financial content. Learn about investing in stocks and sector trends with our
news alerts, articles, podcasts and
videos, looking at cannabis, crypto, AI and IoT, mining, sports biotech, water,
renewable energy and more. Investor Idea’s original branded content includes
the following podcasts and columns : Crypto Corner , Play
by Play sports and stock news column, Investor Ideas
Potcasts Cannabis News and Stocks on the Move podcast and
column, Cleantech
and Climate Change , Exploring
Mining the AI
Eye .
Disclaimer/Disclosure: Investorideas.com is a
digital publisher of third party sourced news, articles and equity research as
well as creates original content, including video, interviews and articles.
Original content created by investorideas is protected by copyright laws other
than syndication rights. Our site does not make recommendations for purchases
or sale of stocks, services or products. Nothing on our sites should be
construed as an offer or solicitation to buy or sell products or securities.
All investing involves risk and possible losses. This site is currently
compensated for news publication and distribution, social media and marketing,
content creation and more. Disclosure is posted for each compensated news
release, content published /created if required but otherwise the news was not
compensated for and was published for the sole interest of our readers and
followers. Contact management and IR of each company directly regarding
specific questions. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other
news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com
Global investors must adhere to regulations
of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp
Investor Ideas does not condone the use of
cannabis except where permissible by law. Our site does not possess,
distribute, or sell cannabis products.
Follow us on Twitter https://twitter.com/Investorideas
Follow
us on Facebook https://www.facebook.com/Investorideas
Follow
us on YouTube https://www.youtube.com/c/Investorideas
Download
our Mobile App for
iPhone and Android
Join
our Investor Club https://www.investorideas.com/membership/
Contact Investorideas.com
800
665 0411
Get more Cannabis Stock Investor Ideas – news, articles, podcasts and stock directory
No comments:
Post a Comment