Investor Ideas #Potcast
553, #Cannabis News and #Stocks on the Move; (CSE: $XTRX.C), (TSX: $APHA.TO)
(NASDAQ: $APHA), (OTC: $VSYM), (TSXV: $VIS.V)
Delta, Kelowna, BC, April 15, 2021 (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/2021/041521-StocksToWatch.mp3
Read this in full
at https://www.investorideas.com/news/2021/cannabis-potcasts/04151XTRX-APHA-VSYM-VIS.asp
Hear Investor ideas cannabis potcast on iTunes
Hear the investor ideas potcast on Spotify
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.
Today’s
podcast is sponsored by Phyto
Extractions Inc. (CSE:XTRX), an
agricultural-scale cannabis extraction, distillation and product manufacturer
located in Langley, BC at its co-located Health Canada Licensed Standard
Processing (extraction, no cultivation), Sales (extracts, topicals, and
edibles) through Adastra Labs Inc. and Analytical Testing Laboratory through
Chemia Analytics Inc. Adastra Labs also has a pending Health Canada R&D
license amendment.
In
today’s podcast we look at a few public company announcements.
Aphria
Inc.
(TSX:
APHA) (NASDAQ:
APHA), a leading global cannabis-lifestyle consumer
packaged goods company, today
announced that its holders of Aphria's common shares
at the special meeting of Aphria Shareholders approved the previously announced
arrangement under the Business
Corporations Act (Ontario), pursuant to which, among other things, Tilray,
Inc. will acquire all of the issued and outstanding Aphria Shares. Pursuant to
the Arrangement, the Aphria Shareholders will receive 0.8381 of a Tilray share
of class 2 common stock for each Aphria Share held, while holders of Tilray
Shares will continue to hold their Tilray Shares with no adjustment to their
holdings.
The special resolution approving the
Arrangement was required to be passed by at least two-thirds (66 2/3%) of the
votes cast at the Meeting by the Aphria Shareholders voting virtually or represented
by proxy at the Meeting. A total of 108,409,367 Aphria Shares were represented
by proxy at the Meeting, representing approximately 34.43% of the issued and
outstanding Aphria Shares. Of the total Aphria Shares voted, 99.38% voted FOR
the Arrangement.
Irwin D. Simon, Aphria's Chairman
and Chief Executive Officer, who will hold these same roles with the Combined
Company, commented, "I want to thank all Aphria Shareholders for voting
and approving the Arrangement. We appreciate their support, as we believe the
business combination will create a Combined Company with a strong financial
profile, low-cost production, market share leading brands, distribution network
and unique partnerships,.The Combined Company will be increasingly well positioned to deliver a
sustainable attractive return for our combined shareholder base."
Closing of the Arrangement remains
subject to certain customary closing conditions, including court approval and
the approval of Tilray Stockholders.
View
Systems, Inc.’s (OTC:VSYM), Sannabis S.A.S. announced the
approval by an inspector from the Colombian Institute of Agriculture (ICA) of
their Seed Bank Facilities in Popayán- CAUCA, Colombia, historically the
country’s top marijuana growing region. The area is known for its unique landrace
strains that have been sought after for many years by European seed banks due
to their unique properties. These approvals allow for the commercialization of
cannabis seeds certified by the Sannabis Seed Bank.
Yesterday, the Ministry of
Agriculture’s ICA performed a site visit at Sannabis Seed Bank Facilities for
approvals to register as a producer of certified seeds, and to conduct
Agronomic Evaluation Studies (PEA). Sannabis is happy to report that the ICA
inspector has approved both, now they must wait for a final resolution from the
Ministry of Agriculture to be issued before they can begin Agronomic Evaluation
Studies. They were approved to study Psychoactive (>1% THC) and
Non-Psychoactive (<1% THC) marijuana strains. Studies will begin with their
University partners to certify the first 10 strains, including one to produce
hemp building materials, such as hemp roof tiles Sannabis has developed along
with a local University which have passed durability tests. These studies are
necessary to be able to file a patent on these tiles.
To see a copy of the reports
approving the Seed Bank Facilities, click here.
The phytosanitary studies require
them to grow a test batch and measure its characteristics before coming to
market in order to certify its genetics. Sannabis has registered Colombian
Landrace Strains from the CAUCA department including Punto Rojo and Mango
Biche.
As new countries legalize marijuana,
they will need to source certified genetics from a national seed registrar such
as Colombia’s ICA. Sannabis is in talks with several parties interested in
working with them and will make announcements accordingly. The Ministry of
Agriculture is not accepting new applications for Seed Use Licenses as of
December 31, 2018.
“These approvals, and subsequent
Seed Use License, will allow us to forge relationships with the many global
players looking to enter the legal marijuana industry in their home countries,”
stated John Campo, President of View Systems, Inc. and co-founder of Sannabis
S.A.S.
“We’ve put many years of hard work
towards achieving this goal and are ready to start providing certified genetics
possible to customers around the World,” commented Juan Paulo Guzman, Director
and co-founder of Sannabis S.A.S.
Last year, Sannabis was issued a
Fabrication license, click here to see their GRANTED Fabrication and Export
License for cannabis derivatives. Sannabis also received notice from the
Ministry of Justice concerning their cultivation licenses, they expect to have
those licenses issued once the Ministry’s minor requests have been satisfied.
Visionstate
Corp.
(TSX-V:
VIS)
announced that it
has created a new corporate entity named NEXT
Vision Inc., a wholly owned division of Visionstate Corp., to develop
Internet of Things (“IoT”) technology for the cannabis sector. By incorporating
the Company’s solid knowhow from years developing, executing and selling
software solutions for any kind of facility, Visionstate identified a need in
facilities that grow and harvest cannabis, and to that end has landed a
$500,000 contract.
NEXT Vision Inc. will leverage off
the IoT platform for the facilities management sector to create new industry
sectors.
Visionstate CEO John Putters
explains, “There is no question that IoT technology is increasingly becoming
critical to a corporation’s operations. Whether it’s analytics, predictive
maintenance, or introducing new efficiencies in operations, IoT has
demonstrated returns on investment. For licenced producers, the higher the
crop’s quality coupled with cost-effective solutions, the better it is for the
producer overall. We are focussing our technology on bringing about those
positive results.”
Recently the cannabis sector has
experienced a resurgence of activity as speculation mounts that the US will
likely legalize or decriminalize cannabis at a federal level. Meanwhile, the
cannabis sector has proven to be immune from the effects of COVID-19,
witnessing increased sales and revenues despite the lockdowns that have
occurred across Canada.
The inaugural contract provides NEXT
Vision Inc. the ability to develop a tailored IoT solution for the cannabis
sector. It includes introducing new sensor equipment, designing communication
protocols between sensors, and developing robust data and analytics that
provide insight into the efficiency of operations. Monitoring processes and
equipment within larger licenced producers will include lighting, heat, and
other environmental conditions, as well as standard procedures that are
required to be met by the producers.
BC
Hop Company Ltd. announced that it
has successfully closed a non-brokered 100% acquisition of Flow Scientific Ltd.
Flow
Scientific has been paving the way in the terpene industry since 2016 by
creating authentic products that are of the highest quality in their raw form.
Flow Scientific is the innovative secret behind the custom aroma, flavour and
differentiation of dozens of consumer-packaged goods in the Cannabis 2.0 and
3.0 marketplace. Leading Canadian and American cannabis and agri-food companies
rely on Flow for their innovation and reliability. Leading the industry with
transparent and full disclosure on ingredients, Flow takes the fear out of
inquiries by Health Canada or other oversight agencies with their all-natural
botanically derived terpenes.
"As part of BC Hop Company's
ongoing expansion beyond hops into industrial hemp, we are thrilled to bring
the Flow Scientific team into the growing BC Hop Company Ltd. family. By
combining forces, we are taking our partnership in hemp derived terpenes to the
next level. We are excited about our ability to serve not only the Canadian
brewing, cannabis and agri-food market, but also to serve emerging terpene
markets worldwide." commented CEO, Dwayne Stewart.
Terpenes are nature's flavour and
aroma creators and are a critical part of the product experience for consumers.
Naturally derived terpenes are critical to the effectiveness of recreational
and medical cannabis products, as well as other consumer packaged goods
categories. This acquisition significantly expands BC Hop Company's portfolio
and potential in this new and growing market.
Once
again, today’s podcast is sponsored by Phyto
Extractions Inc. (CSE:XTRX), an
agricultural-scale cannabis extraction, distillation and product manufacturer
located in Langley, BC at its co-located Health Canada Licensed Standard
Processing (extraction, no cultivation), Sales (extracts, topicals, and
edibles) through Adastra Labs Inc. and Analytical Testing Laboratory through
Chemia Analytics Inc. Adastra Labs also has a pending Health Canada R&D
license amendment.
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
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