Investor Ideas #Potcasts #Cannabis News and Stocks on
the Move: Canopy Growth (TSX: $WEED.TO) (NYSE: $CGC), 48North (TSXV: $NRTH.V),
Pure Global (TSX.V: $PURE.V) (OTC: $PRCNF), MYM Nutraceuticals, (CSE: $MYM.C) and
AgraFlora Organics (CSE: $AGRA.C)
Delta,
Kelowna, BC –March 20, 2019 (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 edition
of Investorideas.com potcastsCM - cannabis
news and stocks to watch plus insight from thought leaders and experts.
Listen to the podcast:
Read
this in full at https://www.investorideas.com/news/2019/cannabis-potcasts/03201WEED-CGC-NRTH-PURE-PRCNF-MYM-AGRA.asp
Today’s podcast overview/transcript:
Good
afternoon and welcome to another Investorideas.com “potcast”, looking at
cannabis news, stocks to watch as well as insights from thought leaders and
experts.
Today
we are looking at announcements from Canopy Growth Corporation (TSX: WEED) (NYSE: CGC),
48North Cannabis Corp. (TSXV:NRTH), Pure Global Cannabis Inc. (TSX.V: PURE) (OTC: PRCNF), MYM Nutraceuticals Inc., (CSE: MYM) (OTCBB: MYMMF) and AgraFlora Organics International Inc.
(CSE: AGRA) (OTCPK: PUFXF).
Canopy
Growth Corporation and HollyWeed Manufacturing & Extracts Inc. announced today that they have entered into a multi-year
processing and extraction agreement. HollyWeed North Cannabis Inc., the parent
company of HollyWeed Manufacturing & Extracts Inc., is a female-led,
LGBTQ2-positive company based in British Columbia that operates several
subsidiaries specializing in the growth, manufacturing, licensing, and
production of cannabis and other pharmaceutical grade products.
Under
the terms of the two-year agreement, HollyWeed Manufacturing & Extracts
Inc. will process dried cannabis provided by Canopy Growth, in their advanced
manufacturing facility in Victoria and will return the high-quality oil and
resin back to the Company. The increased supply of this contracted extraction
throughput adds to the Company's in-house capacity and supports Canopy Growth
with additional throughput as it brings a suite of new products to the market
later this calendar year. The extraction services provided by HollyWeed will
build on the Company's own in-house manufacturing and production based in
Smiths Falls, Ontario and will extend Canopy Growth's production commitment in
British Columbia, where it currently has more than three million square feet of
fully operational grow space located in Delta and Aldergrove.
"This
is an opportunity for Canopy Growth to build a strong partnership with another
high-quality Canadian company. The cannabis resin we get from HollyWeed will be
used for our current offering of oils and softgels, as well as our future
advanced manufacturing products," said Bruce Linton, Chairman and co-CEO
of Canopy Growth. "Ensuring we continue to offer the highest quality
cannabis oil and resin will be essential for our entry into the edibles market
and supports our overall goal of making a wide variety of high-quality products
available to our customers."
48North Cannabis Corp. announced that the Company has been added to the
Horizons Marijuana Life Sciences ETF (TSX: HMMJ).
"The
addition of 48North to the HMMJ signals market validation of the Company's
strong position in the Canadian cannabis industry. 48North's inclusion, along
with a select group of its peers, is a proof-point that the Company is being
watched closely by the investment community. Investors are taking note of the
disruptive potential that, pending Health Canada's approval, 48North's
significant outdoor cultivation will have on the industry as a whole,"
said Alison Gordon, co-CEO of 48North.
In
addition to the HMMJ, 48North is also listed on the Horizons Emerging Marijuana
Growers Index ETF (TSX:HMJR), a select group of primarily North
American publicly-listed companies involved in the cultivation, production
and/or distribution of marijuana.
Pure
Global Cannabis Inc., an integrated, growth-oriented life sciences and consumer
products cannabis company, through its wholly-owned subsidiary PureSinse Inc.,
a Health Canada licensed producer under The Cannabis Act, announced a partnership with Velvet Management Inc.,
to be its Canadawide sales and distribution agent for its premium wellness,
recreational, and craft cannabis products to be sold through provincially
licensed stores and online retailers.
Velvet,
a company created by the largest wine distributor in Canada, Philippe Dandurand
Wines Ltd., will serve to ensure a strong retail and brand presence for Pure
Global's non-medical lines of cannabis products with provincially regulated
channels. With sales teams in every province, Velvet brings a deep expertise
with driving brand visibility and commercial retail presence.
Dandurand
is the largest wine importer/agent in Canada, responsible for over 4 million
cases or $625 million of annual sales volume across 3,000 retail points, with
the largest wine salesforce in the country. One in ten imported bottles of wine
in Canada is sold by Dandurand. In operation for over fifty years, with 125
employees in Calgary, Montreal, Toronto, and Vancouver, Dandurand has won
Partner of the Year for the last three years by the Liquor Control Board of Ontario ("LCBO").
The LCBO operates the Ontario Cannabis Store and will distribute cannabis to
provincially licensed retailers. Velvet Management is dedicated to the cannabis
sector and will duplicate the model that achieved them the number one status in
the wine category.
Colombia
Organica currently holds 3 licenses which include: production of cannabis
derivatives, cultivation of psychoactive cannabis, and cultivation of
non-psychoactive cannabis. Licenses include the capacity to export. Colombia
Organica has submitted an application to certify cannabis seeds for
commercialization. In addition, it holds a lease for a 36-acre property located
44 kms from Medellin. The region's climate is conducive for growing cannabis
with an average temperature of 16-18 °C, and an elevation of 2,475 meters above
sea-level. They have secured an option to buy the property.
MYM
and Colombia Organica are building a production facility near Medellin,
Colombia for the cultivation and processing of cannabis and cannabis products.
Currently, Colombia Organica is developing and registering seed strains with
the Colombian Agricultural Institute.
MYM
will acquire eighty 80% of Colombia Organica
from its existing shareholders for consideration of cash, equity and
loans to the company for a total package of up to $2.26 million. MYM will
employ Colombia Organica principals Daniel Alonso and Gabriel Ramirez as
Territory Managers for South American operations.
AgraFlora
Organics International Inc., a growth oriented and diversified international
cannabis company, announced that it is acquiring an additional 10% of
the shares of Propagation Services Canada Inc. for $14 million payable by
common shares of AgraFlora at a price of $0.68 per share, equivalent to
20,588,235 common shares. The transaction has been agreed to in principle and
approved by both boards of directors of AgraFlora and PSC. Following the
transaction, the ownership of PSC will consist of AgraFlora as to 60%, the
Houwelings Partnership Group as to 30% and the investors of Delta Organics
Cannabis Corp. ("DOCC") as to 10%.
"It
is important for AgraFlora to continue to have a majority stake in the joint
venture company Propagation Services Canada," said Derek Ivany, President
and CEO of AgraFlora. "The Delta Greenhouse Complex will become our
marquee facility with 2.1 million square feet of greenhouse space and 100,000
square feet in production facilities. Progress on the retrofit continues to be
on target and we expect to submit our licensing application video to Health
Canada by the end of June."
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