Investor Ideas #Potcasts
605, #Cannabis News and #Stocks on the Move; (CSE: $XTRX.C), (TSX: $HEXO.TO)
(NASDAQ: $HEXO), (NASDAQ: $SNDL) (TSXV: $ENTG.V)
Delta, Kelowna, BC, September 16, 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/2021/091621-StocksToWatch.mp3
Read
this in full at https://www.investorideas.com/news/2021/cannabis-potcasts/09161XTRX-HEXO-SNDL-ENTG.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.
HEXO
Corp
(TSX:
HEXO) (NASDAQ:
HEXO) today
announced the Company had achieved its goal to become carbon
neutral by September 2021, offsetting 100% of its 2020 operational carbon
emissions in addition to the personal emissions of its 1,200 employees.
In June of 2021, HEXO embarked on a
mission to counteract its carbon footprint, through a partnership with
Offsetters, a Vancouver-based organization that supports renewable energy and
forest carbon projects across the world. As a leading cannabis player in
Canada, on the path to becoming one of the top three global cannabis products
companies, it was important for HEXO’s offset investments to have a global
reach. At home in Canada, HEXO is helping reduce old-growth tree harvesting by
supporting the Great Bear Forest Carbon Project. This landmark project balances
human well-being and ecological integrity through carbon finance and is the
first carbon project in North America on traditional territory with
unextinguished Aboriginal rights and title. Globally, HEXO is supporting two
other carbon offset projects – a large-scale solar energy project in Asia and
another forest conservation project in South America.
To achieve carbon neutrality, HEXO
offset a total of 25,965 tonnes of carbon – 19,610 tonnes of operational carbon
emissions and 6,355 tonnes of their employee’s personal carbon emissions. If
the top 100 Canadian companies pursued similar sustainability initiatives, it
would be a significant contribution to Canada’s role in combating climate
change.
“At the start of the summer, we
pledged that HEXO would not only become carbon neutral, but that we would also
offset the personal carbon emissions generated by every one of our employees.
Today we are proud to say we have achieved our goal, setting a new standard in
sustainability for our industry,” said HEXO Corp. CEO and Co-founder, Sébastien
St-Louis. “Consumers and investors demand greater environmental and social
integrity from companies. We are proud to share our commitment to
sustainability and support our consumers’ ability to purchase products that
align with their values.”
In addition to carbon emissions,
HEXO is counteracting the use of plastic in its packaging. Working alongside
their primary packaging supplier Dymapak, in conjunction with Plastic Bank®,
HEXO has supported Plastic Bank’s ethical recycling ecosystems in coastal
communities, collecting and reprocessing ocean-bound plastics for
re-introduction to the global manufacturing supply chain. In doing so, HEXO
initially offset 63,000 kilograms of plastic. By October 2021, HEXO will have
supported the collection of an additional 8,000 kg of ocean-bound plastic –
making it a total equivalent of over 3.55 million plastic bottles stopped from
entering the world’s oceans.
In supporting environmentalism, HEXO
will continue to monitor and report on its carbon emissions and plastic
production and seek opportunities to reduce both. HEXO plans to emulate its
success in the Canadian cannabis industry throughout the United States.
HEXO is committed to continuously
improving its Environmental, Social and Governance strategy which focuses on
people, planet and product. For more information on these efforts and how the
Company continues to develop its stakeholder relations to make a positive
contribution to communities globally, please visit: https://www.forwardstartsatneutral.com/.
Sundial
Growers Inc. (NASDAQ:
SNDL), a Canadian licensed producer that crafts premium
cannabis, has
launched Caviar Cones, its newest product innovation, under the
award-winning Top Leaf brand. The Forbidden Lemon Caviar Cones will be the
first caviar cone product to hit the Canadian market. This launch reinforces
Sundial's focused innovation pipeline around premium inhalables in the Canadian
cannabis market.
"Top Leaf's brand promise is to
deliver top quality inhalable products to consumers in the premium cannabis
segment," said Andrew Stordeur, President and Chief Operating Officer at
Sundial. "In order to compete in this preferred segment of the cannabis
industry, product quality is absolutely vital. Top Leaf's Caviar Cones is the
first of many high quality, high THC and flavourful products developed to
satisfy even the most experienced cannabis user."
The launch of Caviar Cones is not
only a milestone for Sundial, but also represents the first product of its kind
to launch in the Canadian cannabis market at large. Infused products have done
exceptionally well in the American market according to recent sales data from
Headset, a leading provider of data and analytics to the cannabis industry.
Headset has deemed "connoisseur infused" products – which includes
caviar cones – as a segment to watch as it has risen from approximately 13% to
32% of all cone-type products in 2021 year to date in the United States.
The Top Leaf Caviar Cones are a
carefully handcrafted, individually inspected blend of dried milled flower, dry
sift hash and full spectrum winterized oil resulting in a smooth smoke with a
unique flavour experience, exceptional terpene profile and guaranteed THC of
30% or higher. Sundial's approach involves infusing processed whole flower with
both hash and oil extract to ensure an even distribution throughout the entire
caviar cone for an exceptional terpene profile and high levels of THC. The
Forbidden Lemon strain mixes the terpene-heavy Forbidos, the uplifting Blue
Dream, and the fresh Lemon Haze and Florida Lemon strains. Additional strains
will be available for consumers later this year. Top Leaf Caviar Cones are
available in a 4 x 0.5 gram rolled multipack.
Entourage Health
Corp.
(formerly WeedMD Inc.) (TSX-V:ENTG) (OTCQX:ETRGF), a
Canadian producer and distributor of award-winning cannabis products and brands,
announced the
Canadian launch of acclaimed Mary's Medicinals Transdermal Patches.
Mary’s
Medicinals is part of the Mary’s Brands ("Mary's") portfolio and a
BellRock Brands Inc. company. As the exclusive manufacturer and licensed
distributor for Mary's suite of products in Canada, Entourage launches Mary’s
Transdermal Patches in CBD, THC and 1:1 formulations that will be available
first to the Company’s Starseed Medicinal patients as of late September 2021.
Products are expected to expand into the adult-use retail market later this
year.
Mary’s
Transdermal Patches – when applied as a skin adhesive – could act as a novel
and discreet delivery method containing a THC, CBD and/or balanced 1:1 dosed
formula and are made with ingredients which are known to promote transdermal*
effects (absorption into body through the skin).
"With
the launch of Mary’s Transdermal Patches, we are taking a major step forward in
offering our clients with unique cannabis delivery methods for their self-care
journey - and more critically, could offer an alternative to debilitating
opioid use with a portfolio of safe and regulated cannabis delivery
systems," said Joseph Mele, Senior Vice President, Commercial, Sales &
Marketing. “Our roots in medical run deep and we are fully committed to the
continued expansion of our medical portfolio that now includes over 40 SKUs of
innovative products developed alongside forward-thinking partners that allow us
to cater to a wider range of consumers seeking a discreet interface for
cannabis consumption."
Entourage
is producing Mary’s Medicinals Canada products in-house at its Aylmer,
Ontario-based extraction hub, using its own input biomass. The Company’s
product development and extraction teams are using Mary’s proprietary
technology which calls for extracting CBD, THC and CBN – the active cannabinoid
ingredients used to produce topical compounds and formulas for its
award-winning balms and patches.
With
the expansion of Mary’s product suite, the Company’s medical channel, Starseed
continues to gather important insights, data and client feedback. Starseed’s
eligible patients with benefits coverage may be able to purchase Mary’s
products with insured benefits.
Adastra
Holdings Ltd. (formerly Phyto Extractions Inc.) (CSE:
XTRX) announced that it
has entered into a share purchase agreement dated September 15, 2021 pursuant
to which the Company has agreed to acquire all the issued and outstanding
shares of 1204581 B.C. Ltd., doing business as Phyto Extractions from the
shareholders of Phyto Extractions.
Phyto Extractions, the best-known
brand in Canadian cannabis concentrates, was incorporated in 2019 in the
Province of British Columbia and is engaged in the marketing and promotion of
cannabis concentrate products in Canada under the Cannabis Regulations. Phyto Extractions licenses its intellectual
property to Canadian cannabis license holders and collects royalties generated
by selling cannabis consumer packaged goods to provincial distributors and
retailers across the country. From July 1, 2020, to June 30, 2021, Phyto
Extractions branded products generated unaudited royalty payments totaling
$1.82 million. Post-closing, Adastra
intends to leverage Phyto Extraction's valuable suite of branded products to
drive sales and integration efficiencies.
Phyto Extractions is being acquired with minimal long-term debt and
positive working capital.
Michael Forbes, Chief Executive
Officer of Adastra stated, "We are excited at the prospect of bringing the
most prominent legacy brand into Adastra.
We believe the proposed acquisition of Phyto Extractions will add
tremendous shareholder value. Phyto Extractions currently holds a preeminent
place in the regulated cannabis concentrates market owing to unparalleled brand
recognition, quality products, market penetration, and exceptional sales
team. As licensing agreements expire,
Adastra intends to produce all Phyto Extractions products in-house and
recognize full revenues resulting from branded sales."
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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