Investor Ideas #Potcasts: #Cannabis News and #Stocks on the Move (CSE:
$PLTH.C) (TSXV: $OGI.V) (CSE: $VIDA.C) (TSXV: $PCLO.V) (NEO: HALO)
Delta, Kelowna, BC –May 29,
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/05291PLTH-OGI-VIDA-PCLO-HALO.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.
In
today’s podcast we look at a few early announcements.
Planet
13 Holdings Inc. (CSE: PLTH) (OTCQB: PLNHF), a leading vertically-integrated Nevada
cannabis company, announced today that it has launched Planet M, a line of
custom formulated and curated full-spectrum and CBD isolate products. Planet M
will have CBD tinctures, edibles, topicals and more.
Planet M will initially be sold at select
locations throughout the Fashion Show Mall, the 5th highest grossing
mall per sq. ft. in America1. Selected locations in the Fashion Show
Mall will promote Planet 13. The Planet 13 Cannabis Entertainment Complex will
be home to a 2,000 sq. ft. flagship store featuring educational and
experiential components. The flagship CBD store is a part of Phase II
construction and is expected to be open in Q3 2019. Planet M will also soon be
available online at
http://www.planetmcbd.com/ for customers across the United States,
where regulation allows. Customers who are introduced to Planet M in Las Vegas
at the SuperStore will be able to purchase Planet M even after their vacations
are over.
"Over the course of 2019, we will
begin to take additional steps to leverage the SuperStore's growing visibility
and unique position as a sales platform, to continue expanding our successful
brand portfolio both within Nevada and beyond. Along with our Medizin brand of
high THC products, Leaf & Vine which is a high CBD to THC line, and now
Planet M a 100% CBD line we have products to meet any need," said Bob
Groesbeck Co-CEO of Planet 13. "Planet M line of CBD products will
initially be offered at the SuperStore and the Fashion Show Mall. We will look
to expand retail locations over the course of the year, focused initially on
the Las Vegas strip where we can drive crossover advertising of the SuperStore
and online where we can continue to build our profile across the United
States."
Organigram Holdings
Inc. (TSX-V: OGI) (NASDAQ: OGI), the parent company of Organigram Inc., a
leading licensed producer of cannabis, announced that it has recently shipped more than one
hundred and thirty thousand units of pure cannabidiol (CBD) oil destined for
markets across Canada.
The
recent legalization of adult-use, recreational cannabis in Canada has resulted
in an increased demand for CBD, a naturally occurring compound in cannabis
which has no psychoactive effect.
"Since
legalization, Canadian consumers have proven themselves to be not only
receptive to, but surprisingly well educated about, the benefits of CBD,"
says Greg Engel, CEO, Organigram. "Consumers have embraced the idea of
cannabis as it relates to overall wellness. While medical patients have long
since discovered the potential benefits of CBD, we didn't anticipate how that
awareness would translate into the recreational market but are pleased to be
able to help meet this consumer demand."
Organigram
attributes its ability to respond to growing CBD demand in part to the success
of its strategic relationships and ongoing inputs from its provincial partners.
As
previously announced, Organigram has a long-term agreement in place with 1812
Hemp, a New Brunswick-based industrial hemp research company. Initially, the
deal offered Organigram access to approximately 6,000 kg of dried hemp flower
harvested in the fall of 2018 which the Company purchased and sent for
extraction in the first calendar quarter of 2019. In addition, Organigram has a
right-of-first refusal on future procurement of hemp from 1812 Hemp which is
expected to increase significantly over 2018 levels in 2019 and beyond.
"The
CBD market here in Canada and around the world represents a rapidly growing
opportunity," explains Engel. "At Organigram, we are committed to
developing the capacity and relationships that deliver the supply, expertise
and quality our customers are looking for while being able to scale up quickly
to meet the increasing demand of the global medical and adult recreational
cannabis markets."
Phivida Holdings
Inc. (CSE: VIDA) (OTCQX: PHVAF) announced, further to its news release of April 30,
2019, the closing of its acquisition of Canadian e-commerce technology firm,
Wikala.com Inc. In connection with the
Transaction, David Moon, the Founder of Wikala, has been appointed to the board
of directors of the Company, and he will continue to work as the President of
Wikala.
"The
completion of this transaction marks a new era for Phivida", said Jim
Bailey, President and CEO of Phivida. "This is more than an acquisition of
a website – it's a deal that provides us with Wikala's team of experts in
content creation and search engine optimization (SEO) as well as a captive
audience of over 400,000 active users with the ambition to grow it to over
1,000,000 by the first half of 2020."
Management
of Phivida believes that the acquisition of Wikala will provide the Company
with an opportunity to accelerate its Oki and Vida+ branded products into the
North American market with the addition of Wikala's e-commerce platform, which
is currently in private beta. Combined with the recently launched new
feeloki.com website along with the hempvidaplus.com, the Transaction creates a
consumer ecosystem that is expected to enhance the visibility of Phivida brands
and create further brand loyalty.
PharmaCielo Ltd. (TSXV:PCLO) (OTC:PHCEF) , the Canadian parent of Colombia's
premier cultivator and producer of medicinal-grade cannabis oil, PharmaCielo
Colombia Holdings S.A.S., announced today that it has enlisted former U.S.
congressman and long-time medical cannabis advocate Dana Rohrabacher as a
special advisor to the Company.
"Our
team has received accelerated interest from players in several legal U.S.
states in recent weeks as the legal structure of medicinal cannabis continues
to evolve across the country," said David Attard, Chief Executive Officer
of PharmaCielo. "We believe the U.S. is a significant prospective market
for PharmaCielo, particularly on the CBD side in the near term, and we are
delighted that Rep. Rohrabacher has agreed to join our team as a special
advisor. Rep. Rohrabacher has been one of the most passionate advocates and
influential forces in support of legalized medical cannabis in the U.S., and we
expect his unparalleled knowledge and experience with understanding the
legislative environment to be invaluable to the company for U.S. sales
execution."
Dana
Rohrabacher started his political career as President Ronald Reagan's special
assistant and speechwriter. He was elected as a U.S. representative from the
state of California District 42 in 1988 and served in Congress for nearly three
decades. Rep. Rohrabacher is a
well-known advocate for the legalization of medical cannabis and protection of
medical cannabis patients' rights. He was one of the driving forces behind the Rohrabacher-Farr Amendment, pivotal
legislation that became a milestone in the legalization of medical cannabis at
the crossroads between state and federal levels. Rep. Rohrabacher was also one
of the two Republican cofounders of the Congressional Cannabis Caucus.
"As
we look at the medicinal benefits of cannabis, with a particular emphasis on
its oil extracts, the United States needs to be able to guarantee our citizens
have access to the finest products available from the global and domestic
communities alike," said Rep. Rohrabacher. "Having visited the
PharmaCielo facilities and seen firsthand the standards to which they produce
and process oil extracts, I am very engaged in helping them to understand U.S.
federal and state policy and patient medicinal needs, and helping to address
those needs in the future while continuing to set high quality standards for
the global marketplace overall."
With
the appointment of Dana Rohrabacher as special advisor, PharmaCielo continues
to bolster its roster of international advisors to support its expansion into
global markets, which has included a number of notable experts including
financial expert Jim Rogers, co-founder of the Quantum Fund and Soros Fund Management.
Earlier this month, PharmaCielo also announced the establishment of an enhanced
Medical and Scientific Advisory Board, a renowned team of international
physicians, scientists and researchers led by Dr. Delon Human.
Halo Labs Inc. (NEO: HALO) (OTCQX: AGEEF) announced that it has partnered with High Tide Inc. (CSE: HITI) (OTCQB: HITIF) to introduce Halo-produced products
through High Tide's distribution channels.
High Tide has an extensive distribution network throughout Canada, the
United States and Europe with an impressive portfolio of subsidiaries.
The
first phase of the collaboration will be a roll-out of in-house DabTabsTM
to create a revolutionary product where consumers will receive a do-it-yourself
kit in which they can prefill DabTabsTM Tablets with measured doses
of either cannabis or cannabidiol. These
unique DIY DabTabsTM kits position Halo and High Tide as industry
leaders penetrating the home preparation market. The partnership will generate distribution of
this product throughout Canada, USA and Europe, and will be the first of many
products that the companies will launch jointly.
Kiran
Sidhu, CEO of Halo Labs, commented: "I am truly excited about this
partnership that will strengthen Halo's presence within the United States and
expand its reach into Canada and Europe.
This introduction to international markets is laying the groundwork for
the Company to obtain access to the world, while providing Halo branded
products directly to the consumer. With
Halo being the product producer and High Tide being the hardware provider, the
potential is endless."
Raj
Grover, President and Chief Executive Officer of High Tide Inc. added: "We
are very excited to work with Halo as a leader in cannabis concentrates and
other cannabis derivative products, including the innovative DabTabsTM.
Our strengths in e-commerce through Grasscity.com and global wholesale
distribution network are a great fit for this exclusive partnership with Halo
and their portfolio of growth initiatives."
Based
in Amsterdam since 2000, Grasscity.com is the world's preeminent and most
searchable online retailer of smoking accessories and cannabis lifestyle
products with approximately 5.8 million site visits annually.
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