Investor Ideas #Potcasts
626, #Cannabis News and #Stocks on the Move- (Nasdaq: $HITI) (TSXV: $HITI.V)
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Delta, Kelowna, BC, March 8, 2022 (Investorideas.com Newswire), investorideas.com, a global news
source covering leading sectors including marijuana and hemp stocks and its potcast site 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/2022/030822-StocksToWatch.mp3
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at https://www.investorideas.com/news/2022/cannabis-potcasts/03081HITI-TBP-TLRY.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 public company announcements as well as
industry related news.
In
a recent CTV news article, starting today, Alberta has
allowed private retailers to begin selling cannabis online, instead of having
to go through the Alberta, Gaming, Liquor and Cannabis Commission (AGLC).
Private
retailers will still need to apply for accreditation through the AGLC, use an
age verification program and undergo a compliance check in order to sell and
deliver cannabis products.
While
the province has more than 750 cannabis stores, only five companies have
received approval from the AGLC — permitting 74 locations to ship and sell
online.
"There's
several major players that are saying they're not going to make tomorrow's
deadline," said John Pracejus, a University of Alberta professor and the
academic director for the Centre for Cities and Communities.
"Alberta
is requiring some things that other provinces that have moved to this model
have not," he added. "The age verification programs are somewhat more
stringent than other provinces."
Some
independent retailers suggest online sales will not be a viable option, given
some of the AGLC requirements.
"You're
going to have to hire a delivery driver so that means an added wage,
potentially gas, vehicle insurance, commercial liability," said Joshua
Vera, owner of Elevate Cannabis.
"By
the time you make your delivery, there's really no margin to be made and it's
just not feasible," he added. "It's no favor to independent
retailers."
The
AGLC says it is exploring the option for third-party delivery companies like
Uber Eats or Skip the Dishes to be allowed to offer cannabis. Third-party
delivery companies started offering alcohol in 2020.
High
Tide Inc. (Nasdaq: HITI) (TSXV: HITI), a
leading retail-focused cannabis company with bricks-and-mortar as well as
global e-commerce assets, announced today that it has launched its
cannabis Delivery on Demand program at select Canna Cabana locations in
Alberta, as permitted by newly-implemented regulations which allow private
sector cannabis retailers to offer delivery
and e-commerce services as of today. Through the Company's Delivery on Demand
program, customers will be guaranteed delivery within two hours of placing
their order, or in any hourly time-slot chosen by the customer between 12:00pm
and 8:00pm outside of the two hour window. The Company intends to further
expand delivery services across its Alberta store network in the coming weeks.
"In allowing private sector-led
cannabis e-commerce and home delivery, Alberta has shown its commitment to
helping regulated cannabis retailers effectively compete against and drive out
illicit market operators. By launching Delivery on Demand at Canna Cabana
locations in Alberta, we can now offer our Cabana Club members in the province
access to our unbeatable prices on cannabis and consumption accessories from
the comfort of their own homes," said Raj Grover, President and Chief
Executive Officer of High Tide. "Between our industry-leading prices and
Delivery on Demand guarantee, we are able to offer a fantastic delivery
experience for our Alberta customers, both existing and new. As the largest
cannabis retailer in Alberta, the launch of delivery and e-commerce services
will help to solidify our leadership position and gain further market share in
the province," added Mr. Grover.
In
a recent article from Cannabis Business Times, Israel, President
Isaac Herzog and Justice Minister Gideon Sa’ar issued a special call March 6 to
decriminalize personal use and expunge criminal records.
This
will mean Israel will be decriminalizing adult-use cannabis before the U.S.,
its Western ally that also happens to be the largest cannabis hub in the world
through a patchwork of state legalization.
While
U.S. President Joe Biden has been busy putting policies
in place to deny government security clearance to those who have
invested in cannabis companies, the Israeli government is moving to approve
regulations that would decriminalize adult-use cannabis and expunge criminal
records for those with cannabis-related convictions.
Israel
President Isaac Herzog and Justice Minister Gideon Sa’ar announced
March 6 that those with cannabis convictions would be able to submit a request
to have their records erased. In addition, individuals with pending criminal
proceedings related to cannabis use or possession would be able to have their
charges dropped.
The
statement also said that Herzog and Sa’ar’s call comes out of a desire to erase
the label of criminality and the “associated stain” from anyone with prior
cannabis-related convictions.
“It
must be emphasized that every request will be considered on its merits,
according to its particular circumstances, on an individual basis, considering
the above mentioned changes of policy and law,” their statement said.
The
new regulations would not apply to individuals who were also charged with
separate offenses alongside cannabis (except for possession of drug
paraphernalia). The special call also clarifies that those who were soldiers or
a minor at the time of their arrest would not be included in the expungement
provisions.
Under
the decriminalization components of the new regulations, minors, soldiers and
police would still be charged as before, reported Haaretz, the longest running print
newspaper in Israel. Otherwise, the maximum fine would be limited to 1,000
shekels, roughly US$300, for personal cannabis use.
The
newspaper reported that Sa’ar is expected to sign the regulations in the coming
days, and Israel’s unicameral parliament, Knesset, is anticipated to approve
it. Immediate implementation would follow.
Tilray Brands, Inc.
(Nasdaq: TLRY) (TSX: TLRY), a leading global
cannabis-lifestyle and consumer packaged goods company inspiring and empowering
the worldwide community to live their very best life, today announced the launch of Good Supply Hash
Bats™, the brand's unique take on infused pre-rolls. Joining Good Supply's
award-winning portfolio of cannabis products, Hash Bats™ is a smooth-smoking,
hash-infused pre-roll that "hits hard." Unlike a standard cannabis
pre-roll, Good Supply's Hash Bats™ is the perfect blend of our consumers'
favorite strains, Jean Guy and Starwalker Kush, and hash magic for the perfect
'hit’.
"We're
excited to introduce our take on infused pre-rolls to the Good Supply
portfolio, which continues to provide our best-selling 'good weed' to Canadian consumers with its roster of high potency
products," said Michelle Morin, Brand Manager. She continued, "Since
launching in Ontario in February, Hash Bats have already become one of our
fastest growing products for Good Supply."
Hash
Bats™ are made to provide consumers with an elevated and uncompromisable
experience, maintaining the brand's high-quality pre-roll standards with an
even increased potency level for that extra impact. At 0.5g, the size helps to
minimize resin build & harshness so that consumers aren't compromising on
the smoking experience for higher potency, with an extra hit of hash.
Good
Supply is one of Canada's leading cannabis brands in flower and vapes and a
long-time favorite among consumers and budtenders. Hash Bats™ hit the market
this January and has SKUs in select markets, with further anticipated national
release in April and May of this year. Good Supply Hash Bats™ are for the heavy
hitters, a high potency option for those looking for a higher THC range coming
in at 26%, a 5% higher THC content than the average non-infused pre-roll. Hash
Bats™ are available in select markets across Canada in 0.5g size pre-rolls, the
perfect size for that smooth hit.
For
more information, visit www.goodsupplycannabis.com and follow
@goodsupplycannabis. Consumers will have the opportunity to experience the hard
hit of Hash Bats in several retail locations leading up to 4/20
Tetra Bio-Pharma
Inc. (TSX: TBP) (OTCQB: TBPMF), a leader in cannabinoid-derived
drug discovery and development announced today that Health Canada approved the
amendment of a phase I study conducted in collaboration with Dr. Jutras-Aswad
and the University of Montreal Hospital Research Centre (Centre de recherche du
Centre hospitalier de l'Université de Montréal, ("CRCHUM"). The study
will assess the safety profile of low and moderate doses of inhaled CBD and
determine the cognitive, behavioral, and biological effects of CBD in adults
who occasionally use cannabis. The clinical trial has been authorized by Health
Canada, who also recently approved an amendment to the research protocol to
increase the dosage of the study drug up to 100 mg of CBD to be assessed in the
study.
Under
the collaboration, Tetra will supply the synthetic cannabidiol investigational
drug products and placebo and in exchange will gain access to clinical data
collected in the study. The data will include safety, pharmacokinetic, and
pharmacodynamic in humans exposed to Tetra's inhaled CBD product.
Guy
Chamberland, CEO and Chief Regulatory Officer of Tetra, commented, "we are
very pleased to pursue our collaboration with Dr. Jutras-Aswad and the CRCHUM.
Dr. Jutras-Aswad is a reference in cannabinoid research, addiction, and mental
health. His research meets a public heath need to better understand the impact
of cannabinoid use in human health. Together with Dr. Jutras-Aswad and the
CRCHUM, one of the largest biomedical and healthcare research centres in
Canada, we will advance clinical research and cannabis science in Canada."
Dr.
Jutras-Aswad commented, ''there is an urgent need to accelerate the research
effort to provide accurate information about the effects of cannabinoids and
cannabis. This study will be critical to clarify the psychological, cognitive,
and biological effects of CBD at doses that are commonly used by consumers. The
approval from Health Canada is a major step in achieving these goals.''
Finally,
we at Truckers. In a recent article from Business Insider, while the grueling lifestyle
and aging workforce has led to a national shortage of truck drivers, a Wells
Fargo executive believes there's another issue exacerbating the labor crunch —
marijuana testing.
According
to Chris Harvey, Wells Fargo's head of equity strategy, drug screenings paired
with the nature of the job — which often requires truckers to spend
weeks-on-end away from home — has led many truck drivers to leave the industry.
Harvey said the issue will "continue to push that price even higher,"
worsening a surge in transportation costs that have left consumers facing price
hikes and shortages.
"It's
really about drug testing," Harvey said, speaking at an industry
conference on Wednesday. "We've legalized marijuana in some states but,
obviously, not all ... What we've done is we're excluding a significant portion
of that trucker industry."
The
role of marijuana testing in employee screening has been under debate in recent
years, especially as the labor shortage continues to place more power in the
hands of workers. At the same time, marijuana use has become more accepted:
Last year, a Gallup poll of consumer habits found that 49% of US adults have
used the drug at least once. To date, 37 states have legalized the use of
cannabis for medical purposes, while 18 have cleared the substance for
recreational use.
But,
in recent years, the trucking industry's drug policies have become even more
stringent. Truck drivers are randomly drug tested on a quarterly basis, as well
as in the event of an accident or traffic ticket, according to the Federal
Motor Carrier Safety Administration. Drivers that test positive are immediately
removed from driving commercial motor vehicles, per the FMCSA.
In
2020, the trucking industry implemented a law that required all truck drivers
who had failed a drug test to be listed in a federal database so that other
trucking companies would avoid hiring the drivers. Previously, drivers could
theoretically move to a new company that would not have knowledge of the
positive drug test.
The
law has impacted nearly 110,000 truckers, about 56% of which were reported for
marijuana use, according to government data from December 2021. These 60,000
drivers who tested positive for marijuana use in the past two years could help
plug the shortage of about 80,000 truckers that the American Trucking
Association has reported.
Since
the database was launched, more than 6.4 million queries have been conducted on
the site as of late December, as all employers must consult the database before
they approve a new driver. As of
December, more than 81,000 drivers were "prohibited" from work — over
75% of which had not begun the lengthy reassessment process required before
they can return to duty.
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ideas reminds all listeners to read our disclaimers and disclosures on the
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