Investor Ideas #Potcasts: #Cannabis News and #Stocks on the Move (CSE:
$TTT.C) (CSE: $CHOO.C) (TSX: $WEED.TO) (NYSE: $CGC) (OTC: $KALY) (TSXV: $LIFT.V)
Delta, Kelowna, BC –June
14, 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/06141TTT-CHOO-WEED-CGC-KALY-LIFT.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, Nevada Gov. Steve Sisolak signed Assembly Bill 132 making it illegal for employers to rebuff
job applicants based on the results of a marijuana test. The law will go into effect on Jan.
1, 2020.
The
law, however, will not apply to people up for jobs as firefighters and public
safety positions, including emergency medical technicians, according to the legislation.
When
the Nevada Trucking Association objected to the proposal, the legislation was
rewritten to allow pre-hiring testing for operators of motor vehicles or other
positions that “in the determination of the employer, could adversely affect
the safety of others," according to the law.
"As our legal cannabis industry
continues to flourish, it’s important to ensure that the door of economic
opportunity remains open for all Nevadans. That’s why I was proud to sign AB
132 into law, which contains common-sense exceptions for public safety and
transportation professionals," Sisolak, a Democrat elected governor in
November 2018, said in a statement.
TruTrace Technologies Inc. (CSE: TTT) (OTC: BKKSF), creator of the first fully-integrated
blockchain platform that registers and tracks intellectual property for the
cannabis industry, announced
that its shares will begin trading at market open on
Friday, June 14th, 2019 on the Canadian Securities Exchange ("CSE")
under the symbol "TTT."
Effective at the close of business on Thursday, June 13, 2019, the
common shares were delisted from TSX Venture Exchange at the request of the
Company.
"This is the start of an exciting
new chapter for TruTrace Technologies and one that enables us to pursue
development opportunities outside of Canada, such as our intent to integrate
our technology into the hemp based CBD industry, amongst other
initiatives," said TruTrace CEO Robert Galarza. "With this move, we
can officially open our Los Angeles office, expand operations and take
advantage of the significant business opportunities south of the border. The CSE
listing should provide TruTrace with increased visibility with prospective
global investors, improved liquidity and a more diversified shareholder
base."
TruTrace Technologies has developed the
first integrated blockchain platform to register and track intellectual
property in the cannabis industry. TruTrace's technology allows cannabis
growers and breeders to identify and secure rights to their intellectual
property. It also streamlines the administrative process and reduces the costs
of genetic and mandatory quality-control testing for legal cannabis. TruTrace's
technology is proprietary, immutable and cryptographically secure, thereby
establishing a single-source, accurate, validated and permanent account for
cannabis strains from ownership to market.
Choom™ (CSE: CHOO) (OTCQB: CHOOF) unveils its
retail concept and experience tomorrow in Niagara Falls, Ontario. As one of 25
cannabis stores authorized to open in the province, Choom Niagara provides a
curated selection of premium products in an immersive environment designed to
elevate and empower consumers.
In addition to holding distinction as
Niagara Falls' first cannabis store, Choom Niagara represents the brand's debut
retail presence in Ontario. With a store firmly established in the key Ontario
market, Choom will continue its nationwide rollout, supporting the company's
overarching goal to secure one of the largest cannabis retail networks in North
America.
Choom Niagara carries a diverse range of
products, from dry flower and pre-rolls, to oils and capsules. All items are
selected from a wide range of Canadian licensed producers, with the product
portfolio strategically curated to ignite customer curiosity and encourage
cannabis exploration.
Store associates have undergone stringent
cannabis sommelier training, ensuring clients receive expert customer service
customized to their specific needs. The store's intuitive aesthetic, designed
by commercial architect and interior design firm Hodgson Design Associates,
achieves a relaxed and inviting environment, seamlessly guiding visitors
through displays of THC-dominant, CBD-dominant and balanced products. Toronto
businesswoman, Lisa Bigioni, was selected from a lottery of qualified
candidates to own and manage the store.
"I'm delighted to serve the Niagara
community, and can't wait to hit the ground running," said Bigioni.
"My goal is for the store to become an indispensable resource for cannabis
education and support for the local community. Choom's extensive experience in
regulated industries provides invaluable insight on store operations, and
together we'll deliver a cannabis retail experience the city can be proud
of."
Canopy Growth Corporation (TSX: WEED) (NYSE: CGC) and Acreage Holdings, Inc. (CSE: ACRG.U) (OTC: ACRGF) thanked
shareholders for
their overwhelming support to date and remind shareholders to vote on the
applicable resolutions in connection with the proposed acquisition of Acreage
by Canopy Growth, before the voting deadline of 10:00 am (EST) on Monday, June
17, 2019.
The
boards of directors of both Canopy Growth and Acreage unanimously support the
Transaction and believe that it will create significant value for both sets of
shareholders and each recommend that their respective shareholders vote FOR the
various resolutions at the respective special meetings of shareholders of
Canopy Growth and Acreage.
Acreage
shareholders will receive a significant upfront cash payment of approximately
US$2.51 - US$2.63 per Subordinate Voting Share (with holders of other classes
of Acreage Shares being entitled to an amount determined on an as-converted to
Subordinate Voting Share basis) and are expected to benefit from accelerated
expansion, improved scale, and a stronger market position in the U.S., powered
by the IP and brand rights of the world's leading cannabis company. For Canopy
Growth shareholders, the Transaction represents a clear path for Canopy Growth
to enter the U.S. cannabis market, when federally-permissible, and will
introduce its brands and consumer products in the United States.
Kali-Extracts, Inc. (OTC: KALY) and
Nouveau (OTC: NOUV) today
announced moving forward with a CBD extraction lab
the two companies have had in the works now that Texas Governor Greg Abbott
signed a new law Monday this week legalizing hemp and hemp-derived products. NOUV
has 100 acer’s set aside for hemp cultivation.
NOUV currently operates a 25-greenhouse growing operation and in
partnership with KALY plans to build an additional state-of-the-art greenhouse
for the purpose of developing a proprietary cannabis cultivar. KALY has a U.S.
Patented Cannabis Extraction Process. Together NOUV and KALY plan to develop
proprietary extractions from proprietary cultivars.
KALY Targets $20 Million In 2019 Sales
Earlier this week, the company published
a management overview on the company’s mobile cannabis extraction capacity.
KALY recently announced a contract with a New York State Licensed Hemp
Cultivation Operation anticipated to generate an estimated $5 million in
revenue for KALY. The extraction for the New York State Licensed Hemp
Cultivation Operator will be conducted via a proprietary mobile extraction unit. With the extraction capacity being mobile,
KALY management believes the company could contract potentially more than $20
million in similar contracts.
Finally, this weekend marks the first
Father’s Day since the federal legalization of cannabis in Canada. Lift & Co. Corp. (TSXV: LIFT) (OTCQB: LFCOF) today
released the results of a targeted poll of dads
who are also cannabis consumers and found that the majority of respondents
would welcome a cannabis gift this year, and the majority consider responsible
cannabis consumption the same as responsible alcohol consumption.
●
The majority of respondents (88%) said
they agree that responsible cannabis consumption is the same as responsible
alcohol consumption
●
Overall, 83% of respondents said they
would like to receive a cannabis-related gift for Father’s Day
○
Dads aged 25-54 are more open to receive
a cannabis-related gift (90%) than dads aged 55+ (66%)
○
45% of dads said they would like to
receive a cannabis-related gift from their spouse
This targeted poll follows a recent
presentation at the Lift & Co. Cannabis Business Conference on June 6 in
Toronto where Lift & Co. and Headset co-presented a talk titled Forecasting Canada: An Early Look into Consumer Profiles,
finding early indications of consumer archetypes in Canadian cannabis. Overall,
men are more likely to self-identify as connoisseurs (62% of men vs. 46% of
women). They are more likely to prefer high THC products and tend to purchase
dried flower products over oil. Men were also most likely to consume cannabis
for relaxation and socialization.
Lift & Co. polled cannabis-consuming
dads and cannabis consumers from the Company’s proprietary cannabis consumer
review panels.
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