Investor
Ideas #Potcasts 568, #Cannabis News and #Stocks on the Move; (TSX: $VLNS.TO)
(OTCQX: $VLNCF) (TSX: $WEED.TO) (NASDAQ: $CGC) (CSE: $AAWH.U.C) (NEO: HALO)
(OTC: $HCANF)
Delta, Kelowna, BC, May 21, 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/2021/052121-StocksToWatch.mp3
Read this in full
at https://www.investorideas.com/news/2021/cannabis-potcasts/05211VLNS-WEED-AAWH-HALO.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.
In
today’s podcast we look at a few public company announcements.
The
Valens Company Inc. (TSX:
VLNS) (OTCQX:
VLNCF), a leading manufacturer of cannabis products, announced that it
has received its first purchase order for Valens-manufactured products from
Cannabis NB, a subsidiary of New Brunswick Liquor Corporation (ANBL) and the
only legal recreational cannabis retailer in New Brunswick. With this purchase
order, The Valens Company becomes an official supplier of cannabis products in
the Province of New Brunswick.
"Our expansion into New
Brunswick marks the third regional market we have entered since the beginning
of 2021– a milestone we are incredibly proud of," said Tyler Robson, Chief
Executive Officer, Co-Founder and Chair of The Valens Company. "While we
recently announced our first foray into the CBD market in the US, we also
remain committed to continuing our growth here at home in Canada as we continue
to increase sales channels expected to drive revenues and national market
share. We are focused on leveraging our expanding domestic distribution network
to bring more Canadian consumers a range of new and unique products we expect
to launch with our partners throughout the summer and beyond."
Cannabis NB currently operates 20
stores across 15 communities and offers a diversified portfolio of cannabis
products including flower, extracts, concentrates, edibles, beverages and
accessories. Valens' first shipment to New Brunswick will include a range of
products from categories such as flower, pre-rolls, vapes and concentrates,
with the opportunity to expand this offering in the coming quarters. Products
created in partnership with Verse Cannabis will be included in the first
shipment, such as the Verse Originals vape cartridges in Summer Berry and
Sunset Peach and the newly launched Live Terp Killer Kush vape cartridge from
the Verse Concentrates line. One of the first of its kind in the Canadian
cannabis market, the Live Terp Killer Kush vape cartridge is comprised of pure
live cannabis terpenes in a full spectrum extract created from fresh, flash
frozen ultra-premium and BC-sungrown Killer Kush cannabis, offering a rich
terpene profile. Valens-manufactured products are expected to be available in store
and online in New Brunswick at the beginning of the third quarter.
In addition to New Brunswick, the
Company's distribution network also includes Alberta, British Columbia,
Manitoba, Ontario, Saskatchewan, and Yukon Territory. Valens continues to engage
in discussions to bring its high-quality products to other private and
government-regulated retailers across the country.
Canopy
Growth Corporation (TSX:
WEED) (NASDAQ:
CGC),
a world-leading diversified cannabis, CBD and vaporization device company announced
the appointment of Martha Stewart as the company's
official strategic advisor. In this new role, Martha will expand upon her
existing relationship with the company, leveraging her vast knowledge of
product development and branding expertise, to provide the company with
dedicated counsel ranging from product innovation to format development and
strategic partnerships.
Martha's appointment comes on the
heels of the successful launch of Martha Stewart CBD in partnership with
Marquee Brands and Canopy Growth. Launched in Fall 2020, the product line
offers high-quality, CBD wellness supplements including gummies, softgels, and
oil drops with flavor profiles inspired by some of Martha's most popular
recipes. Martha Stewart CBD for Pet also launched earlier this year and
includes oil drops and soft-baked chews in three gourmet flavor combinations
and formulas designed to support pet mental and physical well-being.
Since launch, the product line-up
has extended into top-selling gift boxes for occasions including Mother's Day
and Valentine's Day, which sold out prior to the holiday due to high consumer
demand. As mainstream awareness for CBD continues to increase, coupled with
Martha's legacy as a trusted source for living well, the product line will
continue to serve as a key area of growth for the business.
"Canopy Growth is committed to
providing consumers with trusted CBD products with quality ingredients, and
Martha Stewart has been a champion of our commitment since the inception of our
partnership," said David Klein, Chief Executive Officer of Canopy Growth.
"We are thrilled to deepen our relationship with Martha through this new
advisory role. With her expansive business acumen and years of experience with
the Canopy team, together we'll unleash the power of CBD to improve lives and
create an unparalleled portfolio of brands."
Martha will play a pivotal role in
shaping Canopy's product innovation pipeline through her counsel in the
development of novel concepts, formats, flavors and strategic alliances. From
the curation of new Martha Stewart branded products to curating products for
Canopy's wider portfolio of brands, Martha's advisory role will help shape the
future of the company's product development trajectory.
"Over the past year, demand and
awareness for CBD products has skyrocketed. Working with the top researchers
and scientists at Canopy Growth, I saw first-hand how dedicated the company is
in producing high quality, safe and consistent products," said Martha
Stewart. "Deepening my relationship with the business is a natural fit
given our aligned dedication and passion for bringing consumers innovative and
quality CBD products and I'm thrilled to share the benefits of CBD with
consumers all over the country."
As momentum for the brand continues
and demand for the Martha Stewart CBD product portfolio grows, Canopy Growth
has also signed a distribution deal with Southern Glazer's Wine and Spirits,
the world's pre-eminent distributor of beverage alcohol, as the select
distributor for Martha Stewart CBD across the U.S. market. The distribution
deal follows the recent announcement with Southern Glazer's and Canopy Growth
to distribute Quatreau, Canopy's first line of CBD-infused beverages sold in
the U.S. market. Southern Glazer's will initially distribute Martha Stewart CBD
across seven states, with additional states in the months to come.
Ascend
Wellness Holdings, Inc. (CSE:
AAWH.U), has
announced the opening of its Rochelle Park, New
Jersey medical-use dispensary. The opening marks AWH's second Ascend location
in the state and the first dispensary to operate in Rochelle Park.
Located
at 174 Route-17 N, the dispensary will benefit from its position along one of
the most highly-trafficked corridors in the country, seeing over 100,000
vehicles per day on average. It is the first cannabis dispensary to open in
Rochelle Park, offering patients access to a wide selection of high-quality
products across flower, pre-rolls, vapes, ingestibles and topicals.
The
dispensary will employ 65 staff and immediately begin accepting new patients.
The store is designed to accommodate high throughput, providing multiple
customer touchpoints and offering patients express service through its
streamlined online ordering and in-store pickup.
"We
are thrilled to open Ascend Rochelle Park and remain committed to meeting
patients' needs through an elevated patient journey," said Chris Melillo,
Chief Revenue Officer of AWH. "Built to complete the customer purchase
process quickly and at scale, our new location will help meet the rising demand
for affordable, safe medical cannabis products in New Jersey. We are grateful
for the support of Deputy Mayor Gail Artola and Rochelle Park residents in the
opening of our dispensary."
There
are currently 13 medical-use dispensaries in New Jersey serving the state's
more than 100,000 registered medical marijuana patients. Ascend Rochelle Park
dispensary is a key addition to New Jersey that will increase supply of medical
cannabis products to better meet patients' needs.
AWH
has proudly partnered with the Last Prisoner Project, a nonprofit organization
dedicated to cannabis criminal justice reform, as part of its social equity and
corporate responsibility initiative. AWH has matched the $125,000 total raised in
customer donations ahead of the July 2021 goal.
Halo
Collective Inc. (NEO:
HALO) (OTC:
HCANF) announced that
its wholly-owned subsidiary Bophelo
Bioscience & Wellness (Pty) Ltd. today welcomed Lesotho's Prime
Minister, The Rt. Honorable Dr. Moeketse Majoro and six of his Cabinet
Ministers to tour Bophelo's site. Ms. Louisa Mojela, the Executive Chairman of
Halo and the Founder and Chairman of Bophelo, affirmed the groundbreaking
opportunity created by the Lesotho Government by being the first country on the
African continent to legalize the growing and cultivation of medicinal
cannabis. On behalf of Halo and Bophelo, Ms. Mojela expressed her most profound
gratitude for the Prime Minister and his cabinet's momentous visit. This
important milestone for the country has brought meaningful and transformative
change to the community and contributes to Lesotho's economy.
The Prime Minister has declared the
Mafeteng area as the first Special Economic Zone ("SEZ") in Lesotho
and the first in the world to include medicinal cannabis. Bophelo is currently
the only enterprise that is fully operating in the SEZ and has plans to further
maximize the benefits afforded by the zone.
To the Company's knowledge Bophelo is the first cannabis company in the
world to be part of an SEZ. The Mafeteng
Special Economic Zone was created to attract the leading private sector
participants to develop a center of innovation for the agriculture and
pharmaceutical industries.
Halo and Bophelo have made great
strides in developing the local labor force and infrastructure, becoming one of
the larger employers in Lesotho with hundreds of local employees.
Andreas Met, Managing Director of
Bophelo and Co-Founder of Halo, says, "It was a great honor to show our
accomplishments—and specially to introduce our young Basotho leadership team,
including Moeti Marai and Puleng Mabula.
It's incredible to be working hand-in-hand with a national government
that shares our mission and fully supports the cultivation of medicinal
cannabis as a key industry, understanding the huge positive impact cannabis can
make in peoples' lives as both a medicine and an economic driver wealth
creation for the people of Lesotho."
Halo and Bophelo are expected to
receive both Good Manufactures Practices ("GMP") and Good
Agricultural and Collection Practices ("GACP") certifications from
the quality growing and manufacturing consultant, Pharmaconsulta Ltd., following
multiple site visits and a comprehensive review of the company's standard
operating procedures. With the addition of these certifications, the company
will be able to supply the European market with sun-grown quality cannabis and
further invest in African economies and provide growing support for the people
of these communities.
Ms. Mojela said, "Bophelo is
committed to developing young talent through the creation of much-needed jobs,
transfer of skills, and enterprise development. I am personally committed to
creating a company that has strong environmental, social and corporate
governance ("ESG") principles."
In addition, Kiran Sidhu, CEO of
Halo, states: "We have remained committed to building a strong
relationship with Lesotho over the past few years, we have tried a lot of
different cannabis strains over the past two years and gained valuable
knowledge to be able to produce very profit-oriented cannabis flower on a large
scale."
Sidhu continues: "We are
thrilled to be a part of Lesotho's economic growth and additionally to create
work and learning opportunities for young people. This program will only grow
with the GACP certification and remains our stated priority."
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.
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