Investor Ideas #Potcasts; #Cannabis News and #Stocks on the Move: (CSE:
$HUGE.C) (CSE: $PLTH.C) (TSX: $VFF.TO) (NASDAQ: VFF) (TSXV: $META.V) (CSE: $CROP.C)
Delta, Kelowna, BC –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/04231HUGE-PLTH-VFF-META-CROP.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 FSD Pharma Inc. (CSE: HUGE) (OTCQB: FSDDF), Planet 13 Holdings Inc.
(CSE: PLTH) (OTCQB: PLNHF), Village Farms International, Inc. (TSX: VFF) (NASDAQ: VFF), National Access
Cannabis Corp. (TSXV: META) and CROP
INFRASTRUCTURE CORP. (CSE: CROP) (OTC: CRXPF).
FSD Pharma Inc. (CSE: HUGE) (OTCQB: FSDDF) and Prismic Pharmaceuticals Inc., a
US-based specialty R&D pharmaceutical company, announced today that they have entered into a securities
exchange agreement dated April 22, 2019 pursuant to which FSD Pharma has agreed
to acquire all of the outstanding securities of Prismic. Prismic is developing
novel non-addictive prescription drugs with unique safety profiles with the
goal of addressing the opioid crisis based on formulations utilizing
micro-palmitoylethanolamide's ("PEA") "entourage" effect on
certain drugs impacting the endocannabinoid system.
Pursuant
to the terms of the Agreement, FSD Pharma will acquire all outstanding common
and preferred shares of Prismic for an aggregate purchase price of US$17.5
million (CAD$23.4 million based on an exchange rate of US$1 to CAD$1.3349), to
be satisfied by the issuance of an aggregate of 102.7 million Class B
subordinate voting shares in the capital of FSD Pharma at a deemed price of
CAD$0.2275 (US$0.1704) per FSD Share representing the volume weighted average
price of the FSD Shares on the Canadian Securities Exchange for the ten trading
days prior to the execution of the Agreement. In addition, FSD Pharma has
agreed to assume up to US$4.0 million of outstanding Prismic liabilities on
terms to be mutually agreed by the two companies, some of which may,
potentially, be settled by the issuance of additional FSD Shares. Additionally,
all of the outstanding Prismic stock options and warrants will become
exercisable into FSD Shares, with the number and exercise price of such
securities to be adjusted in accordance with the Transaction's exchange ratio.
Planet 13 Holdings
Inc. (CSE: PLTH) (OTCQB: PLNHF), a leading vertically-integrated Nevada cannabis company, announced
today that April
20, 2019 ("420") was the single biggest
shopping day since the Company's Cannabis Entertainment Complex opened on November
1, 2018. The store received
over 6,000 visitors to the SuperStore, with almost 3,500 as paying customers
and an average ticket of US$91.11.
"The unparalleled shopping and
entertainment experience offered by the SuperStore has made it a draw for both
cannabis connoisseurs from across the U.S. and internationally, as well as for
the many casual cannabis users that come to Las Vegas every week for
world-class entertainment," said Larry Scheffler, Co-CEO of Planet 13.
"With our Phase II expansion underway and the Company's visibility
increasing, we are well-positioned to continue growing both within our existing
Las Vegas footprint and across the U.S."
Phase
II construction remains on schedule for opening in Q3 2019. Phase II which
includes a coffee shop, bistro, event space, and consumer-facing production
facility is expected to drive additional awareness, traffic, and spend,
cementing the Planet 13 SuperStore as a must-see destination for anyone from
the cannabis curious to the cannabis connoisseur visiting Las Vegas.
Village Farms International, Inc. (TSX:
VFF) (NASDAQ:
VFF), today announced that
its 50%-owned joint venture for large-scale, low-cost, high-quality cannabis
production, Pure Sunfarms, has, on schedule, completed planting of Quadrants 1
and 4 of its 1.1 million square foot Delta 3 greenhouse operation in Delta,
BC. As a result, the entire 1.03 million
square feet of growing area at the Delta 3 facility (composed of 16 individual
grow rooms) is now in production. Pure
Sunfarms remains on track to achieve full run rate annual production of 75,000
kilograms at the Delta 3 greenhouse operation by mid-2019.
"With the support of Village Farms'
decades of experience developing and ramping up large-scale growing operations,
the Pure Sunfarms team continues to execute on plan," said Michael
DeGiglio, Chief Executive Officer, Village Farms. "We have great
confidence in the team's ability to replicate the success of the Delta 3
cannabis operation with the nearly identical 1.1 million square foot Delta 2
'sister' facility, which will double Pure Sunfarms' annual production to
150,000 kilograms and support its goal to be the high-quality, low-cost
producer in Canada."
As previously announced, Pure Sunfarms is
targeting to complete its first harvest at the Delta 2 facility by mid-2020 and
achieve full run-rate production at the Delta 2 facility in the fourth quarter
of 2020. Village Farms also announced today that it will host a conference call
to discuss its first quarter 2019 financial results on Friday, May 10, 2019 at
11:00 a.m. ET.
National Access Cannabis Corp. . (TSXV:
META), Canada's largest private cannabis
retailer,
today announced it has received approval from the
Alberta Gaming, Liquor and Cannabis Commission ("AGLC") to open a new
store at 130, 5403 Crowchild Trail NW, Calgary Alberta.
"The Crowchild Trail store marks the
25th store in our portfolio," said Mark Goliger, CEO of NAC.
"We're encouraged by increases in available inventory in Alberta where we
have an additional 18 licenses submitted and awaiting approval. We have the largest footprint of retail
cannabis stores in the province of Alberta, and Canada as a whole, and we
expect to maintain this position by continuing to aggressively pursue expansion
opportunities in the early stage, and extremely high growth, cannabis
industry."
NAC is the national leader in retail
cannabis. Currently operating in 3
provinces, NAC plans to open stores in British Columbia within 2019, and in
Ontario within 2020. NAC's experienced team
of retail industry professionals is focussed on achieving its business plan of
having 40 operating stores by the end of calendar 2019, and 110 operating
stores by the end of calendar 2020.
CROP INFRASTRUCTURE CORP. (CSE:
CROP) (OTC:
CRXPF) announced
today that it has completed the construction
of its 57,600 square foot nursery in Nye County, Nevada.
It has been equipped with trays and LED
lighting specially designed to enhance the growth of plant starts for the 2019
CBD farms licenced on the company's various properties in the state. This was a
key project in order to maximize yield, reduce farming risk and costs for the
2019 planting season.
CROP continues to gauge interest and
review potential off take relationships for the 2019 season for its CBD
products.
The global medical cannabis market value
is expected to reach a value of US$ 45.4 Billion by 2024, with a CAGR of 22.9%
during 2019-2024, according to IMARC research. The firm's estimate for last
year was that it would to reach US$ 13.4 Billion.
CROP CEO, Michael Yorke, stated:
"The CROP family of companies and subsidiaries continues to build
strategic infrastructure in key states where we are present. These are one time
builds that will streamline harvests, reduce risks and costs as well as
maximize yields for many years to come."
Investor ideas reminds all listeners to read our disclaimers and
disclosures on the
Investorideas.com website and 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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