Investor Ideas #Potcasts #Cannabis News and Stocks on
the Move: Village Farms (TSX: $VFF.TO) (NASDAQ: $VFF), Westleaf (TSXV: $WL.V)
(OTCQB: $WSLFF), Canopy Rivers (TSXV: $RIV.V), Gabriella's Kitchen (CSE: $GABY.C)
and Harvest One (TSXV: $HVT.V) (OTCQX: $HRVOF)
Delta,
Kelowna, BC –April 1, 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/04011VFF-WL-WSLFF-RIV-GABY-HVT-HRVOF.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 will be looking at announcements from Village Farms International, Inc. (TSX: VFF) (NASDAQ: VFF), Westleaf Inc. (TSX-V:WL) (OTCQB:WSLFF), Canopy Rivers Inc. (TSXV:
RIV), Gabriella's Kitchen Inc. (CSE:
GABY) and Harvest One Cannabis Inc. (TSXV:
HVT) (OTCQX:
HRVOF).
Village
Farms International, Inc. today announced that its 50%-owned joint venture for
large-scale, low-cost, high-quality cannabis production, Pure Sunfarms, has
exercised its option on the existing 1.1 million square foot Delta 2 greenhouse
facility currently owned by Village Farms in Delta, British Columbia. The Delta 2 facility is a newer, nearly
identical "sister" facility immediately adjacent to the 1.1 million
square foot Delta 3 greenhouse facility, which is already one of the largest
cannabis production operations in the world.
The
addition of the Delta 2 greenhouse operation doubles Pure Sunfarms' total
production area to 2.2 million square feet and, with conservatively targeted
annual production of approximately 75,000 kilograms of dried cannabis, doubles
its annual cannabis production potential to approximately 150,000
kilograms. Pure Sunfarms also expects to
benefit from further economies of scale resulting from the concentration of 2.2
million square feet of production area at a single location, which will further
support the Company's goal to be the high-quality, low-cost cannabis producer
in Canada. The existing automated
propagation operation (nursery) in the Delta 3 facility will provide
propagation for the Delta 2 facility, enabling more of the footprint of the
Delta 2 facility to be devoted to flower rooms than in Delta 3, which is
expected to generate further cost efficiencies.
"With
an ongoing shortage of supply from Canadian cannabis producers, Village Farms
is thrilled that Pure Sunfarms' has made the decision to more than double its
production capacity with the addition of Delta 2 – just three weeks after the
option became exercisable," said Michael DeGiglio, Chief Executive
Officer, Village Farms and Co-Chair, Pure Sunfarms.
Westleaf Inc. announced that
it has launched its e-commerce site for sales across the entire province of Saskatchewan. The retail site at www.prairierecords.ca, provides consumers in the province convenient online
access to a wide variety of products through the unique Prairie Records retail concept, which combines music and cannabis
in an engaging online experience.
"The launch of online retail is an
important next step in rolling out the Prairie Records brand across
Saskatchewan and the rest of Western Canada over the coming months," said
Scott Hurd, President and CEO of Westleaf. "The province of Saskatchewan
has proven to be a positive regulatory environment to launch our retail
operations and we are pleased it is the first jurisdiction with a Prairie
Records online presence."
Canopy Rivers Inc. announced that
its portfolio company, James E. Wagner Cultivation Corporation (TSXV:
JWCA) (OTCQX:
JWCAF), has received its cultivation licence
from Health Canada for its Kitchener-based commercial scale production
facility. This second licence launches the initial phase of JWC2, a 345,000
square foot production and distribution complex where JWC is rolling out more
than 130 individual production rooms utilizing JWC's proprietary GrowthSTORM™
Dual Droplet cultivation platform and methodologies. With the newly licenced facility
located just minutes from JWC's already licenced pilot facility, JWC is
well-positioned for an efficient ramp-up and expects to commence cannabis
production at JWC2 immediately.
"While optimizing production
methodologies at their already licenced pilot facility, JWC has concurrently
built out and implemented refinements and learnings for production at
commercial scale," said Daniel Pearlstein, EVP, Strategy, of Canopy
Rivers. "We are pleased to see Health Canada reward JWC for the quality of
their operations, and their disciplined approach to expansion with the issuance
of this second site licence."
Gabriella's Kitchen Inc., an innovative
and leading-edge cannabis wellness company, announced the
completion of its acquisition of all of the issued and outstanding shares of
Sonoma Pacific Distribution, Inc., California's premier, independently-owned
cannabis distribution company, which was previously announced on October 23,
2018. With the closing of the
Acquisition, GABY gains an expansive distribution reach across the state of
California, which currently represents the world's most thriving cannabis
market as well as a permanent cannabis distribution license that was issued to
Sonoma Pac by the California Bureau of Cannabis Control and the County of Santa
Rosa on March 14, 2019.
"With the support of GABY and its
executive team as well as the ability to leverage GABY's infrastructure, Sonoma
Pac realized a record-breaking first quarter of 2019. For the three month period ending March 31,
2019, it is estimated that Sonoma Pac generated revenue that exceeds CDN$8
Million1 from the sale of our proprietary products," stated
Aaron Browe, President of Sonoma Pac.
"That number represents a massive 1,200% increase over same quarter
last year."
Harvest One Cannabis Inc. announced today
that it has acquired an initial 52% interest in Greenbelt Greenhouse Ltd. , an
Ontario private company located in Hamilton, Ontario.
This strategic acquisition will supply
Harvest One with high quality greenhouse grown cannabis from Greenbelt's
152,000 sq. ft. facility which will primarily be dedicated to Harvest One's
expanding cannabis-infused health, wellness, and self-care products under the
Dream Water and Satipharm brands, and expanding products resulting from the
recently announced acquisition of Delivra, following the closing of that
transaction. The Transaction ensures
that Harvest One remains a vertically integrated house of brands by controlling
the production of cannabis through cultivation and extraction, and ultimately
to packaged goods for consumers.
In addition to the greenhouse, the
Greenbelt facility also has a 42,000 sq. ft. headhouse which is an ideal
location for future extraction and processing capabilities. Greenbelt has an
application pending with Health Canada for a standard cultivation license and a
standard processor license under the Cannabis Regulations.
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