Investor Ideas #Potcasts: #Cannabis News and #Stocks on the Move;
(TSXV: $DNAX.V) (CSE: $NAB.C) (CSE: $MTEC.C) (CSE: $TER.C) (CSE: $GRIN.C)
Delta, Kelowna, BC – April
24, 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/04241DNAX-NAB-MTEC-TER-GRIN.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 BLOCKSTRAIN TECHNOLOGY CORP. (TSXV: DNAX) (OTC: BKKSF), Innovative Properties
Inc. d/b/a Nabis Holdings (CSE:NAB) (OTC: INNPF), Cannvas MedTech Inc. (CSE: MTEC) (OTC: CANVF), TerrAscend Corp. (CSE:TER) (OTCQX:TRSSF) and Grown Rogue
International Inc. (CSE:GRIN) (OTC: NVSIF).
BLOCKSTRAIN
TECHNOLOGY CORP. (TSXV: DNAX) (OTC: BKKSF), announced that, further to its News Release dated
April 15, 2019, the TSX Venture Exchange has approved the change of name of the
Company to TruTrace Technologies Inc. The Name Change became effective at the
opening of the market today and the company will trade under the new symbol
"TTT" on the TSX Venture Exchange.
"We're
excited to continue the strong work we started under this new banner TruTrace
Technologies. It is a more accurate reflection of our expanded full service
enterprise software solution and better captures the full breadth of our
offerings," said Chief Executive Officer Robert Galarza. "It also
better communicates the true extent of the opportunities for our technology
that provides value and integrity, not just to the cannabis industry but other
industries as well."
Innovative
Properties Inc. d/b/a Nabis Holdings (CSE:NAB) (OTC: INNPF), a leading Canadian investment company
with specialty investments in assets across multiple divisions of the cannabis
sector, today announced that it has completed its investments ("Investments"),
in strategically located property in Bangor City, Michigan ("Bangor
City"), that has received municipal approvals for ten cultivation licenses
and one processing license. This property allows Nabis to grow indoor, outdoor
and greenhouse cannabis with an unlimited stacking ability of cultivation
licenses.
Cultivation
at the property is expected to commence in the first quarter of 2020. Nabis
Holdings will be developing a 60,000 sq. ft. indoor cultivation and processing
centre and a 45,000 sq. ft. hybrid greenhouse.
"In
early 2020, our Bangor property will become a critical cultivation center for
our Michigan operations, with projected harvest of more than 40,000 pounds per
of dry flower per year and have the capability of producing over 35,000 pounds
of high grade distillate at its full capacity," said Shay Shnet, CEO &
Director of Nabis. "We remain committed to our aggressive cross-country
expansion as we seek out additional opportunities in limited license states
that will bolster our cultivation capabilities and expand the Company's
footprint."
Cannvas MedTech
Inc. . (CSE: MTEC) (OTC: CANVF),
a leading digital cannabis education and analytics company, announced that it has joined the International
Cannabis Alliance, bringing advancements from existing legal cannabis markets
to new and evolving legal cannabis markets around the globe, as its exclusive
provider of cannabis education. The InterCannAlliance is an international
project led by New Frontier Data, an independent, technology-driven analytics
company specializing in the cannabis industry.
"We
are proud to join the International Cannabis Alliance in its efforts to educate
future leaders in the global cannabis industry and develop a framework for
delivering unbiased and evidence-based consumer education around cannabis as
laid out in its nine founding pillars," said Shawn Moniz, Chief Executive
Officer, Cannvas MedTech. "This opportunity extends the global reach of
the Cannvas brand, opens doors to exciting new ventures and projects with
partners spanning the globe, and strengthens our market position as a leader in
cannabis education in Canada and across the world."
Cannvas
will work with the InterCannAlliance to deliver physician-backed and
evidence-based cannabis education powered by its digital cannabis learning
resource Cannvas.Me. With a focus on audiences in new and evolving legal
cannabis markets, InterCannAlliance will review all original content on
Cannvas.Me and work with the Cannvas team to identify appropriate learning
modules to adapt and make available to their community. The partnership also
opens the door to opportunities for Cannvas to explore projects with New
Frontier Data as part of its cannabis analytics platform Cannvas Data, as the
two organizations share the same mission of elevating the discussion around the
legal cannabis industry globally by providing unbiased vetted information and
educating stakeholders to make informed decisions.
TerrAscend Corp. (CSE:TER) (OTCQX:TRSSF) today reported financial results for the fourth quarter
ending December 31, 2018. Financial results and analyses are available on the
Company's website (www.terrascend.com) and SEDAR (www.sedar.com).
Some
of the financial highlights included: revenue totals of $5.0 million, up from
$1.8 million in the third quarter of 2018 and $0.0 million in the fourth
quarter of 2017, a net loss of $11.7 million or $0.13 per share, compared with
a net loss of $778 thousand or $0.02 per share for the fourth quarter of 2017
and as of December 31, 2018, the Company held $21.7 million in cash and cash
equivalents.
"We
are pleased with our performance in the fourth quarter and have laid the
groundwork for success in 2019," said Michael Nashat, CEO of TerrAscend.
"We are experiencing strong sales momentum in Canada and are making
substantial progress towards becoming a leading US multi-state operator. We
look forward to sharing more information on our international expansion plans,
US growth in both cannabis and hemp-derived CBD businesses, and additions to
our senior leadership team."
Grown
Rogue International Inc,.
(CSE:GRIN) (OTC: NVSIF), a
vertically-integrated, multi-state cannabis company, and Decibel Farms, Inc., a
fully organic and sustainable producer and processor of fine cannabis products
in southern Oregon, have executed a binding
letter of intent
which sets out the general terms and conditions pursuant to which Grown Rogue
will acquire the assets, including real estate, intellectual property and other
assets of Decibel for aggregate consideration of USD$3,000,000.
Decibel
is a family owned and operated, 5-acre sungrown and greenhouse farm located in
the Applegate Valley in the heart of Southern Oregon with a 2,500 square foot
processing center in Medford, Oregon. Decibel owners Shawn Bishop and Buddy
Wilson are veterans of cannabis cultivation. Over the past 3 years, Decibel has
built a truly sustainable cultivation facility that utilizes biological
cultivation practices and has garnered several prestigious quality awards.
Obie
Strickler, CEO of Grown
Rogue, explained the value of the acquisition stating, "Grown Rogue is
continuing to see significant month over month sales growth, such that demand
for our award winning products is surpassing our current capacity to deliver in
Oregon. This
acquisition addresses this demand by immediately adding Decibel's inventory
valued at more than US$1 million wholesale to Grown Rogue's supply. The acquisition also
adds another well respected brand into the Grown Rogue portfolio of brands,
enabling us to continue growing our market share. Decibel will expedite our
ability to ramp up product supply by adding Decibel's 40,000 sq ft cultivation
and manufacturing capacity, as well as a very experienced management to the
Grown Rogue leadership team."
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on the
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investment involves risk and possible loss of investment
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