Investor Ideas #Potcasts: #Cannabis News and #Stocks on the Move (CSE:
$INDS.C) (TSX: $TGOD.TO) (TSXV: $NRTH.V)
Delta, Kelowna, BC –June 12,
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/06121INDS-TGOD-NRTH.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 a few early
announcements.
But first, Trait
Biosciences Inc., North
America's leading research laboratory in hemp and cannabis innovations, today announced that it has completed the first-ever
successful stable genetic transformation of the Cannabis sativa (hemp) plant.
The
achievement was completed by Trait's team of more than 40 scientists and
researchers, led by Dr. Richard Sayre, from its licensed facility in Los
Alamos, New Mexico. While efforts have been made by other researchers and
companies to metabolically engineer the Cannabis sativa plant, Trait's
achievement is believed to represent the first time a hemp plant has been
stably transformed and successfully grown roots and stems.
This
scientific achievement paves the way for Trait Biosciences to begin its efforts
to commercialize its Trait Amplified™, Zero™ and Tailored™ technologies.
"Successful
transformation of the hemp plant is a pivotal milestone for our company,"
said Dr. Sayre, Chief Science Officer of Trait. "For us, it is the
foundation on which we will be able to develop strains of hemp and cannabis
with novel traits, including our Trait Amplified™ technology. Plants grown with
Amplified are expected to have more trichomes, have greater photosynthetic
efficiency and are expected to generate cannabinoid yields 2x – 5x higher than
conventional plants for whole plant extracts, in addition to being able to
produce water-soluble cannabinoids, which have far greater bioavailability and
onset time than fat-soluble cannabinoids."
The
successful transformation was confirmed by polymerase chain reaction and gene
sequencing of the gene of interest, with the frequency of the transformation
event being 6.7%.
Peter
McDonough, Chief Executive Officer of Trait Biosciences, added "This is a
major development for Trait and for all who use hemp and cannabis products. For
patients who rely on cannabinoid therapies to improve their health, as well as
those adult-use customers who use hemp and cannabis for recreational purposes,
this means they will soon have access to products that will be more affordable,
have better quality and deliver more predictable, repeatable experiences than
anything that is on the market currently."
Indus Holdings,
Inc. (CSE:INDS) today announced that it has acquired 70% of the issued and
outstanding shares of Shredibles LLC
in exchange for subordinate voting shares of Indus Holdings, Inc. The total
transaction is valued at $240,000, based on the closing price of the Company's
subordinate voting shares on June 11, 2019.
Shredibles,
one of the first protein bars to infuse CBD oil with all-natural,
vegan-friendly ingredients, are a handmade, healthy, post-workout alternative.
Individual bars are infused with 20mg of CBD and are available in White
Chocolate Macadamia, Peanut Butter Crunch, and Dark Chocolate Blueberry Almond
flavors.
Shredibles
bars are popular beyond the traditional CBD-based retail market and are
currently available in select gyms, yoga studios, grocery, and health stores.
Additionally, several notable athletes and artists have begun partnering with
Shredibles through sponsorship and brand ambassador relationships.
"Our
goal has long been to create a healthy recovery snack that pushes the
boundaries of what's possible with CBD," explains Co-Founder and Chief
Executive Officer Roddy Hanson. "We felt an instant synergy after our
first meeting with the Indus team, and the partnership will allow us to realize
our vision for Shredibles," adds Matt Callans, co-founder and chief
operating officer.
The Green Organic
Dutchman Holdings Ltd. (TSX:TGOD) (OTC:TGODF) announced that it has entered into a multi-year
agreement with Neptune Wellness
Solutions Inc. (NASDAQ: NEPT) (TSX: NEPT) for extraction, formulation and packaging
services. As part of the agreement, TGOD will have exclusivity on extraction,
formulation and packaging of certified organic products within and for the
Canadian market. Neptune's expertise will enable TGOD to quickly scale up
production of a wide range of consumer wellness products.
Under
the terms of the agreement, TGOD will allocate more than 230,000 kilograms of
cannabis and hemp biomass for Neptune to process and transform into premium
certified organic consumer wellness products, making this the largest deal for
a processor in the industry to date.
The
contract between TGOD and Neptune covers a period of three years and is
expected to be back-end loaded with the first year accounting for approximately
20% of the total value. It also marks a significant milestone for cannabis
manufacturing in Quebec, creating high value jobs, complementing TGOD's large
investment in Valleyfield where the Company is nearing the completion of the
first phase of what will become the world's largest organic cannabis growing
facility at over 1.3 million square feet.
"With
this agreement, Neptune becomes a key partner for TGOD; we have been impressed
with their commitment to innovation and excellence in every aspect of their
business. Their unique capabilities in terms of extraction, formulation and
packaging were decisive factors in our selection process," commented Brian
Athaide, CEO of TGOD. "Today's announcement is significant not only
because it enables us to start manufacturing certified organic consumer
wellness products at scale, but also because of the large and sustained
economic impact it will have in Quebec where TGOD is building the world's
largest organic cannabis production facility."
TGOD
will work closely with Neptune's team to assist them in obtaining their organic
certification. To facilitate the certification process, Neptune will allocate a
dedicated space to house and operate TGOD's proprietary and/or licenced technologies.
In addition, Neptune is in the process of achieving the EU-GMP certification,
allowing TGOD to export products to other jurisdictions as laws and regulations
permit.
48North Cannabis
Corp. (TSXV:NRTH) recently announced that it has signed a supply agreement with
the Ontario Cannabis Store ("OCS"), Ontario's sole wholesaler and
online retailer for recreational cannabis.
Under
the supply agreement, 48North will supply the OCS with 1,200 kilograms of dried
cannabis from its outdoor farm in Brant County, Ont., ("Good Farm")
and other cannabis products such as pre-rolls from its indoor facilities in
Brantford, Ont., ("Good House") and Kirkland Lake, Ont.
48North's
Good Farm is expected to produce an estimated 40,000 kilograms of organic,
sun-grown cannabis from more than 3.7 million square feet of outdoor
cultivation space. At Good Farm, 48North expects to harvest cannabis at what is
expected to be one of the lowest cost per gram in the country.
This
supply agreement marks the Company's third outdoor supply agreement with a
provincial wholesaler for outdoor-grown cannabis. Previously, 48North signed
agreements with the Société québécoise du cannabis (SQDC) for 1,200 kilograms
of dried cannabis, and Alberta Gaming, Liquor & Cannabis (AGLC) for 2,460
kilograms of dried cannabis. To that end, 48North has committed nearly 5,000
kilograms of dried cannabis from its Good Farm in 2019 to the Canadian
recreational cannabis flower market.
"48North
is looking forward to delivering high-quality, sun-grown, low-cost and organic
cannabis to some of the largest cannabis markets in the country. Through a
series of historic supply agreements, 48North has solidified its place as part
of the solution in addressing the significant supply shortages facing the
Canadian recreational cannabis market," said Alison Gordon, co-CEO of
48North.
48North
Cannabis Corp. also announced that
it has shipped its first order of cannabis to the Société québécoise du
cannabis (SQDC) for retail sale. The shipment marks the Company's first foray
into the Canadian recreational retail market.
In
February, the Company announced that it had signed Canada's first-ever letter
of intent for outdoor- grown cannabis with the SQDC, Quebec's sole legal
retailer of recreational cannabis. Under the agreement, 48North agreed to
supply 1,200 kilograms of cannabis to the SQDC from its outdoor farm in Brant
County, Ont., and 120 kilograms of indoor-grown cannabis from its facilities in
Brantford, Ont., and Kirkland Lake, Ont. Today's shipment pertains to the 120
kilograms from its indoor facilities.
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