Investor Ideas #Potcasts: #Cannabis News and #Stocks on the Move
(TSXV: $PURE.V) (CSE: $HITI.C) (CSE: $OH.C) (CSE: $DOSE.C) (CSE: $CSI.C)
Delta, Kelowna, BC –June
13, 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/06131PURE-HIT-OH-DOSE-CSI.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.
Pure Global
Cannabis Inc. (TSX.V: PURE) (OTC: PRCNF), an integrated growth-oriented sciences
and consumer products cannabis company, operating through its wholly-owned
subsidiary PureSinse Inc. announced they closed on the acquisition of The
Great Canadian Hemp Company, Ltd. along with the completion of a supportive and
strategic distribution agreement with Eurocan Trading – PFoods SA Joint Venture
Group. Eurocan is a brokerage and sales
agency that has established relationships with major retailers in the United
States, Europe, and Asia.
The
acquisition of GCHC will allow Pure Global to benefit from a holistic brand
with a dedicated and loyal audience. It also allows Pure Global to leverage
their internal capabilities to manufacture and sell organic, vegan, hemp-based,
all-natural skin and hair products. With the help of Eurocan, Pure Global will
now enter into the global high-growth health and wellness Consumer Packaged
Goods ("CPG") market with sights set on servicing the massive demand
for hemp oil and CBD products.
"GCHC's
extensive line of unregulated CPG health and wellness products is the perfect
compliment to our cannabis strategy," said Pure Global's President &
CEO, Malay Panchal. "While medicinal cannabis remains a priority for us,
the acquisition of a true wellness brand will gain us access to a global
marketplace. We are very pleased to welcome the founders of GCHC, Edan Wolk and
Melissa L'Heureux-Hache to the Pure Global family. Both bring a strong passion
for promoting wellness and sustainability through their plant-based botanical
line of products."
To
support this cornerstone acquisition, Pure Global is excited to announce an
exclusive distribution agreement with Eurocan that covers several international
markets. This distribution deal will give GCHC category exclusivity with
Eurocan for its hemp oil and CBD infused health, beauty, food and beverage
product lines, giving Pure Global a major advantage in the ever-expanding hemp
and CBD markets in the United States, Europe, and Asia. The initial target
markets will be Germany, Romania, United Kingdom, Japan, and South Korea, where
there is a very high demand for Canadian CBD and hemp oil infused products.
Eurocan currently represents over 70 brands, distributing products to the
Canadian, European, American, and Asian markets with access to chains such as;
Tesco, Carrefour, Whole Foods, Rewe, Auchan, Aldo, Metro, Costco Wholesale,
PetSmart, Marks & Spenser, 7-Eleven, Walmart, among many others.
"It
is certainly an exciting time for Pure Global as we now see our CBD and hemp
oil strategy moving forward in a big way with extensive international
distribution", commented Pure Global's President & CEO, Malay Panchal.
"With the recent Farm Bill and changing regulatory landscape for CBD
products globally, high quality hemp oil and CBD infused products represent a
huge global opportunity for Canadian exports, in which we will continue to
develop our business," further added Mr. Panchal.
High Tide Inc. (CSE:HITI) (OTCQB:HITIF), an Alberta-based, retail-focused
cannabis corporation enhanced by the manufacturing and wholesale distribution
of smoking accessories and cannabis lifestyle products, today announced that on Monday, June 10, 2019 the Alcohol
and Gaming Commission of Ontario ("AGCO") issued to High Tide's
counterparty Dana Michele Kendal (the "Winner") a Retail Store
Authorization for the Canna Cabana Toronto store (the "Toronto
Store"). As a result, the Toronto
Store located at 435(B) Yonge Street, near the intersection of College Street,
is scheduled to open on Saturday, June 15, 2019.
The
Toronto Store is expected to be highest profile Canna Cabana-branded location
in Canada. "Being selected to assist the Winner and working together to
establish the Toronto Store has been an incredible journey and we are all very
excited for opening day at Yonge and College," said Raj Grover, President
and Chief Executive Officer of High Tide. "We are thrilled to join the
downtown Toronto community and look forward to bringing the approachable,
sophisticated and playful Canna Cabana experience to our new customers and
stakeholders alike," added Mr. Grover. The AGCO must still conduct a
pre-opening inspection to ensure that the Winner is ready to open for business
and sell cannabis products in accordance with the Cannabis Licence Act, 2018,
its regulations and the Registrar's Standards for Cannabis Retail Stores.
The
Toronto Store brings the total number to 17 Canna Cabana-branded stores across
Canada, with 13 corporately owned locations, three partnered stores and one
franchise across Alberta, Ontario and Saskatchewan. The Company is advancing
its next 23 Canna Cabana locations that are under various stages of development
and construction across Alberta, British Columbia and Manitoba, as well as four
KushBar locations under development and construction in Alberta. High Tide also
continues to benefit from 14 Smoker's Corner stores in Alberta, British
Columbia and Nova Scotia. Lastly, High Tide is progressing through the
necessary steps to complete a pending retail cannabis store acquisition in
Saskatchewan.
CannaRoyalty Corp.
d/b/a Origin House (CSE: OH) (OTCQX: ORHOF), a North American cannabis products and
brands company, announced that the Company has obtained a final
order from the Ontario Superior Court of Justice (Commercial List) approving
the plan of arrangement with Cresco Labs Inc.
previously
announced on April
1, 2019, pursuant to which, among other things, Cresco Labs intends to acquire
all of the issued and outstanding common shares and class A compressed shares
of Origin House. Receipt of the final order will allow Origin House to complete
the Arrangement upon satisfaction of the remaining closing conditions,
including the receipt of required regulatory approvals.
"Receipt
of the final court order is a significant step towards completing the
arrangement with Cresco Labs. Both Origin House and Cresco Labs are committed
to closing the transaction as soon as is practicable following the expiration
of the applicable antitrust waiting period, and look forward to a successful
outcome for shareholders of both companies", said Marc Lustig, Chairman
and CEO of Origin House.
Rapid Dose
Therapeutics Corp. (CSE: DOSE), a
Canadian life sciences company focused on innovative drug and active ingredient
delivery solutions, announced that Chemesis International Inc. (CSE:CSI), a
Licensee, has begun commercialization of QuickStrip™Oral Thin
Strips.
Chemesis will deliver CBD infused strips across the
United States as well as THC
and CBD infused strips in Puerto Rico.
Chemesis' subsidiary, Natural Ventures,
operates a facility with the infrastructure required to manufacture, package
and distribute QuickStrip™ Oral Thin Strips. Chemesis will distribute
QuickStrip™ through Natural Ventures distribution network and existing relationships
in Puerto Rico.
As the Company continues to expand its
manufacturing, Chemesis will look to add additional infrastructure for its
QuickStrip™ Oral Thin Strips in California. In anticipation of federally
changing CBD regulations, Chemesis has begun signing distribution agreements in
the mainland United States for CBD infused QuickStrip™ products to ensure the
Company maintains a first mover advantage by forming distribution channels and
partnerships that will gain market share. The RDT proprietary drug delivery
technology is infused with CBD, THC and other cannabinoids.
The Rapid Dose Therapeutics proprietary
QuickStrip™ delivery system is a true sublingual delivery device for THC, CBD
and other cannabinoids. Furthermore, QuickStrip™ is conducting controlled
trials to further demonstrate QuickStrip™ effectiveness and consistent onset.
Chemesis believes this technology is at the forefront of sublingual delivery
systems and will expand its efforts to bring it to market.
"Through our Managed Strip Services
Agreement (MSSA), Rapid Dose is focused and committed to providing consumers in
the United States and Puerto Rico cannabis markets a Smoke‐Free Choice™," said Mark Upsdell,
CEO of Rapid Dose. "RDT's agreement with Chemesis will enable them to
manufacture and sell under both their own private brand and as part of our
white label program. Our brand partnership with Chemesis further strengthens
and positions QuickStrip™ for rapid growth as an international brand and
delivery device to cannabis consumers while delivering health and improving
outcomes. With the QuickStrip™ discreet and measured dosing, Chemesis is well
positioned to bring a unique and exciting product offering to Puerto Rico and
U.S. markets and we are thrilled to be an integral part of their growth."
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