Investor Ideas #Potcasts
589, #Cannabis News and #Stocks on the Move; (CSE: $CRFT.C), (CSE: $GAGE.C),
(TSXV: $KHRN.C) (OTCQX: $KHRNF), (TSX: $WEED.TO) (NASDAQ: $CGC)
Delta, Kelowna, BC, July 27, 2021 (Investorideas.com Newswire) www.Investoride, as.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/2021/072721-StocksToWatch.mp3
Read this in full
at https://www.investorideas.com/news/2021/cannabis-potcasts/07271CRFT-GAGE-KHRN-WEED-CGC.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 look at a few private and public company announcements.
Gage
Growth Corp. (CSE:
GAGE), a leading high-quality cannabis brand and operator, announced
that
it will bring the iconic cannabis brand COOKIES to
Canada. COOKIES is one of the best-known cannabis brands in the world and has
one of the largest retail footprints in the industry. The partnership will
bring the brand to Canadian consumers for the first time.
COOKIES products are expected to be
available exclusively in Ontario via the Ontario Cannabis Store (OCS), the
largest purchaser of cannabis in the world, by the end of 2021, before moving
to wider distribution across other provinces. Gage will work with NOYA Cannabis
Inc., a premium hydroponics production company awarded its grow and sales
license from Health Canada in 2018, to bring to market hand-selected strains
from rapper and entrepreneur Berner and his renowned cultivation partner Jigga.
Such hand-selected strains include Gary Payton, Georgia Pie, Medellin, Lions
Mane, Soap, Cheetah Piss, Blanco and more. In addition to iconic COOKIES
strains, the partnership will also bring other COOKIES brands such as
Lemonnade, Minntz, Runtz, Grandiflora, Powerzzzup, Run The Jewels and Collins
Ave. to Canadian consumers. A COOKIES retail store is also planned to open in
Canada by the end of 2021.
"For the past decade, I've put
taste and experience first," said COOKIES founder Berner. "I'm
thrilled to work with Gage, a company that is just as passionate about our
brand as we are, to provide Canadian consumers with some of the best flower and
cannabis products available in the world. It feels good to be in a position to
diversify the current flavor profile on the Canadian market, with a planned
flagship store in Toronto, I think the Canadian connoisseur will be proud to
have COOKIES. NOYA already has our standards dialed in as far as cultivation
goes, so this should make a smooth and powerful introduction to the COOKIES
brand in Canada."
According to the Brightfield Group,
legal cannabis sales in Canada grew 118% last year and are expected to grow another
60% this year. More importantly, sales in the legal market eclipsed that of the
illicit market for the first time in Q1 2021.
"Working with Berner and his
team to bring COOKIES to the Canadian market is validation of the painstaking
processes we've developed at Gage," said Fabian Monaco, CEO of Gage.
"The growth of the Canadian market creates more diverse and demanding
consumers, and we're excited to bring one of the best-known cannabis brands in
the world to customers across Canada."
Khiron Life Sciences
Corp.
(TSXV:
KHRN)(OTCQX:
KHRNF), a vertically integrated medical cannabis leader with
core operations in Latin America and Europe, today
announces its support for amendments to Colombia's medical
cannabis decree, signed July 23, 2021. With the enhanced regulations, Colombia
continues to be a leader and reference point for medical cannabis regulations
across Latin America.
Alvaro
Torres, Khiron CEO and Director, comments, "Colombia has been a regional
leader in medical cannabis laws since 2015 and this new Decree strengthens the
Government´s commitment to creating a robust and competitive industry. After
naming the industry a National Strategic Priority and extending universal
health coverage for THC and CBD medical cannabis products in late 2020, the new
regulation expands the country's growth potential across various product
categories in Colombia and through the export of dried flower."
Since
April 2020, Khiron has been dispensing medical cannabis to patients through its
Zerenia™ pharmacy in Bogota, to more than 350 cities and municipalities across
the country. With Decree 811 of 2021, the Government has significantly expanded
the number of pharmacies eligible to carry and dispense medical cannabis
products, from only a handful today to a network of more than 14,000 pharmacies
nationwide.
Alvaro
Torres, Khiron CEO and Director, comments, "Distribution expansion in
pharmacies across Colombia is a key part of our growth strategy. As the Company
continues to close medical cannabis agreements with insurance companies across
Colombia, expansion of point of sales through the national pharmacy network
becomes increasingly important. With today's changes, we look forward to
expanding our partnerships with insurance companies, third-party pharmacies,
and logistics operators to increase product awareness and provide patients with
greater access to medical cannabis products and increased choice in how they
receive their medication."
Decree
811 of 2021 also creates a regulatory framework that gives Colombian producers
the ability to export dried flower medical cannabis as a finished commercial
product.
Franziska
Katterbach, President of Khiron Europe, comments, "The Company began sales
of Khiron-branded dried flower products in the UK in Q2 2020 and Germany in Q1
2021. To date, our asset-light approach has fueled sales growth, with Europe
representing an increasing share of medical cannabis revenues and gross profits
quarter over quarter. Colombia is well known for its medical cannabis cost
advantages, and with positive market trends and our understanding of European
regulations and robust control standards, we welcome the opportunity to improve
the efficiency and profitability of our supply chain over the medium
term."
Canopy
Growth Corporation (TSX:
WEED) (NASDAQ:
CGC),
a world-leading diversified cannabis, hemp, and cannabis device company, today
announced two new offerings with the launch of Tweed Quickies and Ace Valley Pinners. These products showcase the continued evolution
of Canopy Growth's pre-roll portfolio in line with consumer preference –
providing Canadians with smaller joints in larger pack sizes of 8 or 10. In time for summer socializing, this is the
perfect way to enjoy and share cannabis in a group setting, without having to
pass a single joint around.
Canopy Growth recently commissioned
a study by Dig Insights that found that traditional 0.5 gram joints are too big
for many consumers to enjoy in one sitting and take too long to consume, in
addition to concerns around sharing in current times. Canopy Growth leveraged
this insight to develop its first two product lines – Tweed Quickies in 0.35 gram
and Ace Valley Pinners in 0.3 gram offerings –
with research indicating this was the optimal size for a quicker session
that could be enjoyed on one's own or within a group setting without the need
to share.
"Knowing that people may not
want to 'puff, puff, pass' again, these smaller pre-rolls designed for
individual consumption will allow consumers to enjoy a pre-roll on their own or
in a group setting," said Kelly Olsen, Vice President of Global Flower
Business at Canopy Growth. "We're evolving the meaning of what it means to
share a joint – the perfect format for social occasions – and taking another
step forward in our mission to deliver flower products rooted in consumer
insights, purchases and behaviours."
The launch of Tweed Quickies marks
the brand's first new pre-roll offering in 2021, coupled with Ace Valley's
first product launch following its integration with Canopy Growth, with more
ready-to-enjoy products expected to come to market over the coming months.
Tweed Quickies are evenly milled and
machine rolled for a consistent burn, made with single-strain, whole flower,
packed in a new, tapered cone shape that consumers prefer over cylinder shape
joints (2). Containing ten 0.35 gram joints in two top-preforming varietals -
Green Cush and Afghan Kush, Tweed Quickies are packaged in a reusable carrying
case. In tandem, Ace Valley Pinners are
also now available in a pack of eight 0.3 gram joints in Kosher Kush (Indica),
OG Melon (Sativa) and Great White Shark – the #1 CBD-dominant pre-roll in the
category (3), marking Canopy Growth's first premium large pack.
BC Craft Supply Co
Ltd,
(CSE:
CRFT), a diversified wellness company advancing cannabinoid
and psychedelic innovation and psychotherapy, is
announcing their Alberta launch of Grizzlers™, a
legacy brand of pre-rolled craft cannabis, in association with Think AHLOT
Corporation (“AHLOT”) and their $1 “Buck a Joint” S^MPLE by AHLOT program.
The
S^MPLE by AHLOT program brings traditional CPG sampling to the cannabis industry,
in a compliant manner. The program drives trial, awareness and sales, through a
limited-quantity, sample-sized offering at a sample-friendly price-point.
Customers that experience samples, convert into loyalists of full-sized
products from Licensed Producers and brands.
“Canada’s
Cannabis retailers have endured reduced operations, strict marketing
regulations and increased competition and we want to show our support by
bringing new and existing customers back in-store, with compliant and captivating
cannabis sampling,” explains AHLOT CEO, Greg Pantelic. “Sampling - a proven
tactic in any other industry - is a great way to encourage customers to engage
with their local shop, and Grizzlers - the #1 pre-roll brand, pre-legalization
- is perfect to kick off the S^MPLE by AHLOT program, by helping customers
cross-over from the legacy to the legal market.”
CRFT
CEO, Matthew Watters, commented, “Programs like the S^MPLE by AHLOT program
will continue to build momentum of the Grizzlers brand in Canada; a critical
component of our overall North American distribution strategy. Our continued
success in Canada will fuel our growth in the United States as we look to
expand in both scale and scope.”
Grizzlers™
is a flagship legacy brand of pre-rolled craft cannabis; offering access to
premium grown, hang dried, hand trimmed, and hand packed cannabis at accessible
prices; the brand is currently available for sale in Alberta and Ontario.
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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