Investor Ideas #Potcasts: #Cannabis
News and #Stocks on the Move (TSX: $TGOD.TO) (OTC: $TGOF) (TSX: $ACB.TO) (NYSE:
$ACB) and Interview with CEO of Province Brands
Delta, Kelowna, BC –April 26, 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/04261TGOD-TGOF-ACB.asp
Today’s podcast overview/transcript:
Good afternoon and
welcome to another episode of Investorideas.com “potcasts”, looking at cannabis
news, stocks to watch as well as insights from thought leaders and experts.
Today we are looking
at announcements from The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTC: TGODF and Aurora Cannabis Inc. (TSX: ACB) (NYSE: ACB), as well as a look
at this years 4/20 sales and figures and my interview with Dooma Wendshcuh,
Co-Founder and CEO of Province Brands where we discuss how his company has
evolved over the past 3 years and what we can expect to see this October
regarding the Canadian beverages and consumables market.
The Green Organic
Dutchman Holdings Ltd. announced that its wholly owned subsidiary, HemPoland, has received organic
certification from EKOGWARANCJA PTRE. This organic certification is provided by
the Polish Center for Accreditation on authority from the Minister of
Agriculture and Rural Development. HemPoland's facilities, production processes
and product offerings are now certified organic.
TGOD's extraction and
formulation of premium high-quality hemp oils from certified organic raw
materials within Poland, sets the foundation for novel and proprietary products
to be offered throughout Europe and global markets with official PL-EKO-01 EU
certificates. TGOD's newly certified facility expands its global reach for
certified organic production.
EKOGWARANCJA
PTRE is the largest certification body supported by the Polish Ministry of
Agriculture and Rural Development, certifying operators whose goods are being
produced in accordance with council regulations.
Aurora
Cannabis Inc. and EnWave Corporation (TSX-V:ENW) (OTC: NWVCF) announced today that the companies
have entered into a royalty-bearing commercial license agreement, providing
Aurora with the exclusive rights to EnWave's patented Radiant Energy Vacuum
drying technology for the production of cannabis materials in the European
Union, excluding Portugal. Aurora has also secured exclusive license options
for both Australia and South America, excluding Peru, exercisable pursuant to
minimum REV™ machine purchase order requirements. Additionally, Aurora has
signed a non-exclusive sub-license to use REV™ technology in Canada.
The
companies furthermore announced that Aurora has placed a purchase order for two
of EnWave's 120kW REVTM dehydration systems for its Aurora Sky and
Aurora Sun facilities in Canada, as well as the intention to purchase a third
120kW REVTM dehydration system for its Aurora Nordic facility in
Denmark within sixty days. The REVTM dehydration systems will be
used to increase throughput of material for extraction and use in derivative
cannabis products. Aurora has also acquired a 10kW pilot-scale REV™ machine for
product development, protocol development and R&D.
This
year marked the first legal year for Canada’s 4/20 as well as many US states
and many companies marked record sales. 4/20 brought in over $80M in sales this
year —the largest grossing sales day of the year so far. For Thursday to
Saturday (4/18-4/20), three-day sales were at $182M whereas in 2018 it was
$132M, marking a 38% growth.
On
4/20, flower accounted for 45.3% of sales, but was only a 2% increase in sales
share compared to 2019 averages, with Cartridges/pens accounting for 39%,
Concentrates at 12%, and Edibles
at 10%. The average order total nationally in the US was $108.06.
I
was able to attend the 4/20 event in Vancouver, BC where over 60,000 people
attended this cannabis activist event demanding less government regulations and
more cannabis freedom, as well as consideration for psilocybin (magic
mushrooms) which may be on the docket in some US states
next election.
Vancouver’s
first April 20 protest was held in 1995 at Victory Square Park at Hastings and
Cambie. The event was organized by Danna Rozek and Cindy Lassu, who worked at
Marc Emery’s revolutionary Hemp BC shop.
In
1997 the 4/20 protest was moved to the Art Gallery grounds downtown, and over
1000 people attended. The event grew every year, led for many years by local
activist David Malmo-Levine who hosted cannabis raffles and a big joint
giveaway at 4:20.
Malmo-Levine
encouraged people to sell and share cannabis at 4/20, creating a safe space for
dealers and buyers. People started bringing bags of joints and infused cookies
to sell.
By
2007 there was over 7000 people at 4/20, packing the front of the Art Gallery.
The event had grown to include day-long live music, public speakers and many
booths openly selling cannabis products. Other 4/20 events had become
established in cities across Canada.
The
event continued to grow exponentially in size and scope. By 2014 the crowds
were surpassing 30,000 people, filling the whole Art Gallery and surrounding
area, forcing the shutdown of Hornby, Howe, Robson and Georgia streets.
After
consultation with city officials, the 4/20 organizing committee decided to move
the protest to Sunset Beach in 2016. This larger venue allows for increased
public safety, less disruption and a better event for everyone.
From
humble beginnings, 4/20 has grown into one of Vancouver’s biggest and most
popular public events.
Now
for the interview with Dooma Wenshuh, CEO of Province Brands.
Check out the amazing
production process of Provnince’s patented hemp beer product here and find more news and information on
Province here.
Investor ideas reminds all listeners to read our disclaimers and
disclosures on the
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