Investor Ideas #Potcasts: #Cannabis News and #Stocks on the Move (TSX:
$FIRE.TO) (OTCQX: $SPRWF) (TSXV: $N.V) (OTCQX: $TRLFF) (TSX: $WEED.TO) (NYSE: $CGC)
(CSE: $OILS.C)
Delta, Kelowna, BC –June 24,
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/06241FIRE-SPRWF-N-TRLFF-WEED-CGC-OILS.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.
The
Supreme Cannabis Company, Inc.
(TSX: FIRE) (OTCQX: SPRWF) today announced the launch of
Supreme
Heights, an
investment platform based in London, UK focused on opportunities in the UK and
Europe's CBD health and wellness space. Supreme Heights intends to make
strategic investments in and provide support services to differentiated
high-growth health and wellness businesses with focused brands and premium CBD
offerings.
Supreme Cannabis has launched Supreme
Heights as a separate entity that will solely address opportunities in the UK
and Europe's CBD health and wellness market. Supreme Heights will benefit from
Supreme Cannabis' regulatory, product commercialization, supply chain,
marketing and capital markets expertise and corporate support services. Supreme
Cannabis' management team has immense experience supporting health and wellness
companies operating in Canada and international markets. Supreme Heights will
draw on the Company's experience launching premium brands.
"The rapidly evolving CBD markets in
the UK and Europe present compelling investment opportunities given the
promising environments for new health and wellness companies to establish
differentiated brands and capture meaningful market share. Supreme Heights is
positioned to quickly act on attractive opportunities and establish an early
mover advantage in the space," said Navdeep Dhaliwal, CEO of Supreme
Cannabis. "Supreme Heights will benefit from our experience launching some
of the most premium cannabis brands in Canada and from the strong leadership
and deep industry connections of our UK partners. We look forward to driving
value for Supreme Cannabis shareholders through this investment platform."
Namaste
Technologies Inc. (TSXV: N) (OTC: NXTTF) today announced that it has signed a supply and purchase
agreement with True Leaf Brands Inc.
(OTCQX: TRLFF) (CSE: MJ) to market and distribute a line of
hemp-based supplements for pets through its online marketplace, CannMart.com.
"We're
building a technologically exciting marketplace for the adult-use cannabis
market where we can reimagine the experience and product offering available to
both our customers and vendors," said Meni Morim, Interim CEO at Namaste
Technologies. "Partnering with a leading brand like True Leaf is an
excellent way to enhance our consumer product offering and scale our vendor
experience. We're committed to building the most innovative and
consumer-friendly marketplace, and this brings us one step closer to that
goal."
"Namaste
Technologies and its online direct-to-consumer platforms allow us to reach
cannabis customers worldwide who are looking for safe, legal, and effective
alternatives for their pets," says, Darcy Bomford, CEO of True Leaf. "Our
line of hemp-seed based pet supplements is a great way to introduce Namaste's
customers to the health benefits of hemp for pets. We also look forward to soon
offering a line of CBD products for pets in Canada and abroad, pending
regulatory approval."
As
part of a True Leaf's commitment to Return the Love™, and CannMart's commitment
to putting pet parents first, the companies have jointly agreed to donate 10
percent of all profits generated from the first month of sales to help local
animal rescue shelters.
The
expected launch of True Leaf Products through CannMart.com is the third quarter
of 2019.
Canopy Growth
Corporation (TSX: WEED) (NYSE: CGC) announced that it has received a new licence from
Health Canada permitting it to grow cannabis at an outdoor site in northern
Saskatchewan. Hours after receiving the licence, the first cannabis cuttings
were planted at a 7 million sq. ft. (160
acres) secure cultivation field in the province. The new licence expands
Canopy Growth's diversified Canadian footprint and complements its existing
indoor and greenhouse facilities to provide a leading balance of facilities to
produce low cost input materials for value-add products, while ensuring more
sophisticated growing operations for in-demand flower products.
"Our
team has outdoor, at-scale cannabis expertise gained from over a decade of hemp
farming experience, including Canopy's 4,000-acre
hemp operation executed last year, the extract of which is bolstering our CBD
supply for the medical and recreational markets," said Mark Zekulin,
President and co-CEO, Canopy Growth. "At this stage in the summer planting
season we view this as a pilot and ramp up project for outdoor cannabis cultivation,
though the team will do everything it can to deliver low cost yields this
year."
The
outdoor cannabis grow operation in Saskatchewan is in addition to Canopy
Growth's major hemp production platform, which scaled up from the 4,000 acres mentioned above to over 5,000 acres in 2019. The successes of
the Company's hemp operations will inform its outdoor cannabis strategy, as it
seeks to optimize the methods used to cultivate current and future crops at the
outdoor site. Once the entire outdoor cannabis cultivation, production and
extraction system is fully licenced and incorporated into Canopy Growth's
current operational platform, it will produce cannabinoids at scale to support
value-add products like beverages, chocolates, and vape devices at higher margins
than are achievable using inputs from indoor and greenhouse facilities, which
are optimized to produce high quality flower products.
Nextleaf Solutions
Ltd. (CSE: OILS) (OTC: OILFF) today announced that it has entered into an agreement to
acquire a U.S. patent pending hydrocarbon extraction process and award-winning
formulation for a cannabis concentrate, also known as "shatter", a
popular concentrate product set to become legal across Canada on October 17,
2019.
This
unique patent pending butane hash oil, or "BHO", extraction process
and formulation produces a broad spectrum cannabis concentrate with a rich
terpene profile, unlike any product currently available on the Canadian legal
cannabis market. The chemical selectivity of the proprietary solvent mixture,
coupled with the specific processing techniques and operating parameters,
efficiently extracts terpenes and cannabinoids from cannabis flower to produce
a full-flavour concentrate void of undesirable waxes and pigments.
On
June 14, 2019 Health Canada released updated regulations for the production and
sale of a variety of THC and CBD based concentrates and derivatives. These
consumer products will start to be available for sale to medical patients and
adult-use consumers across Canada by December 2019.
"Nextleaf
is committed to acquiring and developing market-validated intellectual property
("IP") pertaining to formulations and methodology to produce unique
cannabis oils and concentrates. By acquiring this patent pending BHO extraction
process and award-winning shatter formulation, Nextleaf adds valuable IP to its
portfolio of innovative processes and formulations for THC and CBD based
products. This acquisition allows Nextleaf to diversify its intellectual
property portfolio, as consumers in legal recreational and medical states
consistently illustrate increased consumption of hydrocarbon
concentrates." says CEO Paul Pedersen.
The
acquisition of the BHO extraction process and shatter formulation follows
Nextleaf recently being issued multiple patents for extraction technology the
Company had previously acquired. The United States Patent and Trademark Office
issued a patent to Nextleaf pertaining to the Company's proprietary process of
extraction, refinement, and distillation of cannabinoids from cannabis biomass.
Nextleaf's portfolio of three (3) issued and 24 pending patents - including the
newly acquired patent pending BHO process - are part of its overall strategy to
develop and protect IP pertaining to the production of innovative
cannabinoid-based products geared towards both medical cannabis patients and
adult-use consumers.
Theracann
International Benchmark Corporation,
a leading full service international cannabis consultancy and technology firm
in conjunction with TruTrace
Technologies (CSE: TTT) (OTC: BKKSF), creator of the first fully-integrated
blockchain platform that registers and tracks intellectual property for the
cannabis industry, announced today that they have signed a letter of intent
dated June 19th, 2019 to explore opportunities to combine TruTrace's
StrainSecure™ technology with Theracann's ETCH biotrace™ genetic tracking
system for cannabis and hemp.
The
agreement will create the opportunity to integrate TheraCann's ETCH biotrace
platform uses both a physical molecular taggent and non-appendable Electronic
Product Code Information Services (EPCIS) blockchain to provide forensic levels
of traceability of cannabis and cannabis derivatives at any point in the supply
chain with StrainSecure, TruTrace's blockchain-based software designed to
guarantee product quality and genetics from genome-to-patient.
"Electronic
Traceability for Cannabis and Hemp or ETCH
uses a unique, safe and persistent molecular tag for the identification of any
biomass, extraction, isolate, derivative or cannabis packaging. The molecular
tag does not genetically modify the organism (non-GMO) and can be added or
identified at any point within the supply chain," said Jason Warnock,
Chief Executive Officer of Theracann. "Collaborating with TruTrace connects
the dots between the provenance of material, genetics, testing information and
patient data that is so vital to the safety and efficacy of the global
market."
TruTrace
Technologies has established working relationships with a number of
complementary technology providers, and recently announced a pilot program for
Canada's largest pharmacy chain, Shoppers Drug Mart, to create a central hub
for identity management, asset tracking, validation, and product
authentication.
"Creating
an eco-system of technologies with the intent to provide patients, government,
and the industry with supply chain integrity, true IP protection and analytical
testing and validation is an important next step for the cannabis and hemp
industry evolution," says Robert Galarza, CEO of TruTrace Technologies.
"We are excited to connect Theracann's ETCH molecular track and trace
system with StrainSecure and to explore additional opportunities for
collaboration between our organizations."
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