Investor Ideas #Potcasts; #Cannabis News and #Stocks on the Move: (NYSE:
$ACB) (TSX: $ACB.TO) (TSX: $TGOD.TO) (TSXV: $NRTH.V)
(TSXV: $VGW.V)
(TSXV: $N.V) (CSE: $CRFT.C) (CSE: $SOL.C)
Delta, Kelowna, BC –September 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/09121ACB-TGOD-NRTH-VGW-N-CRFT-SOL.asp
Today's podcast overview/transcript
Good afternoon and welcome to another episode of
Investorideas.com "Potcast" featuring 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.
Aurora Cannabis Inc. (NYSE: ACB) (TSX: ACB) announced its financial and operational
results for the fourth quarter and fiscal year ended June 30, 2019.
"In
2019 Aurora took its place as the global leader in cannabis production,
research, innovation, and international market development. We are executing on
all our strategic priorities," said Terry Booth, CEO. "Our best in
class cultivation methods allow us to grow consistent, high-quality cannabis at
scale. Because of this, we've delivered solid revenue growth in the fourth
quarter. We are working to extend our reach in the U.S. markets. Our
partnership with the UFC is a basis to explore CBD-from-hemp and hemp food
products. We are also exploring additional opportunities and leveraging our
Strategic Advisor. We are focused on building a sustainable, high-margin
business while providing patients and consumers with access to safe and
reliable medicine."
Glen
Ibbott, CFO, added, "We continue to see strong growth in cannabis revenues
in both medical and consumer categories. Our cultivation execution continues to
drive production costs lower and improve gross margins. Aurora's diversified
product portfolio remains in demand with patients and consumers alike. With the
Canadian launch of derivative products in the coming months, we have made the
necessary investments to ensure readiness and focus on a variety of value added
products. We are very excited to supply an expanded consumer market with
premium cannabis and new product forms."
Some of
the financial highlights included the company’s net cannabis revenue up 61% sequentially
to $94.6 million, Canadian consumer cannabis revenue up 52% to $44.9 million,
Medical cannabis revenue up 10% to $29.7 million with wholesale revenues of
$20.1 million.
The Green Organic
Dutchman Holdings Ltd. (TSX:TGOD) (OTC:TGODF), a leading producer of premium
certified organic cannabis, announced that following its launch in Ontario
at the end of August, which marked the Company's entrance into Canada's
recreational market, initial demand has exceeded expectations. TGOD's high-THC
signature strain, Unite Organic, is performing well online and at dispensaries,
triggering a second order from the OCS earlier than initially anticipated.
"We
are thrilled to witness such strong sales and positive feedback from retailers
and consumers across Ontario, Canada's most populous province at 14.32 million
people. We can see from the initial
response that demand for high-quality flower is strong," commented Brian
Athaide, CEO of TGOD. "Our team is working hard to ramp up production of
our premium organic products as we get ready to expand distribution with
additional strains and product forms as well as to other provinces in the
months ahead. With our Hamilton hybrid
greenhouse completed, and a second one nearing completion in Valleyfield, we
are on track to distribute nationally early next year."
As
highlighted in a study conducted by Hill & Knowlton earlier this year, over
50% of recreational consumers who intended to purchase cannabis stated that it
is important that their cannabis be organic. TGOD's cannabis is grown in the
Company's proprietary living soil, in accordance with all-natural principles
and without irradiation. The Company's growing process is also certified
organic by both Pro-cert and ECOCERT, two leading organic certification bodies,
providing consumers with a safe, consistent, and enjoyable cannabis experience.
Valens GroWorks Corp. (TSXV: VGW) (OTCQX: VGWCF) announced it has entered into an arm's length,
binding, five-year, white label cannabis infused beverage contract with the
cannabis division of Iconic Brewing, one of the leading innovative beverage
companies in Canada.
Valens
is excited to announce a white label agreement with Iconic to provide high
quality extracts, formulation services, and SōRSE™ emulsion IP for its cannabis
infused beverages. Iconic will brand and market the final product across
Canada. Under the terms of the agreement, a minimum of 2.5 million cannabis
infused beverages will be produced over five years with the opportunity to
expand on the partnership with new product offerings in the near future.
"We
are thrilled to partner with Iconic Brewing, one of the fastest growing alcohol
beverage companies in eastern Canada, to help create their new line of
cannabis-infused beverages," said Tyler Robson, CEO of Valens. "Their
ability to formulate and forecast trends is second to none, as demonstrated by
the success of their current beverage products including Cottage Springs Vodka
Soda, Picnic Wine Co, Liberty Village, and Cabana Coast. To service this
agreement, we will be using our proprietary emulsion solution, SōRSE™ Technology,
which creates oil-based ingestible products, including beverages, that offer a
consistent experience with fast onset and offset."
Cole
Miller, who leads Iconic's cannabis division, commented "We are extremely
proud to partner with Valens on a new line of cannabis-infused beverages. We
have an unwavering commitment to fostering a safe and comfortable experience
for new cannabis users through low dosage and unparalleled product education.
Coupled with Valens' proprietary emulsion solution, SōRSE™ Technology, we are
excited to deliver on our promise of developing one of the world's most
sought-after cannabis infused beverage lines."
Namaste
Technologies Inc. (TSXV: N) (OTC: NXTTF) today announced that it has signed a
distribution and marketing agreement with Cultivated Beauty, a subsidiary of
leading skin care retailer Swisspharme Inc and Elizabeth Grant International,
to offer a line of its specially formulated hemp-based skin care products through
CannMart's online marketplace. These products are now available on the CannMart
website.
"We're
launching into the skin care market with one of Canada's top selling topical
brands," said Meni Morim CEO of Namaste Technologies. "Cultivated
Beauty's advanced luxury skin care products, infused with hemp, are a great
match with CannMart's diverse customer base and leading online marketplace.
CannMart will be able to leverage its AI-driven technology platform to build
its customer-centric experience and help consumers get the right products and
the best all-around purchasing experience possible."
"We
pride ourselves on new and innovative concepts with brand partners who share
our vision of delivering quality products to our customers. We see working with
CannMart as an integral component to our sales and marketing strategy to expand
Cultivated Beauty's brand and related sales," said Margot Witz, Vice
President of Swisspharme Inc. "We appreciate CannMart's dedication to
educating its customers about its products, a trait we incorporate into our own
commercial efforts."
48North Cannabis
Corp. (TSXV:NRTH) announced that it has secured 1,000,000,000 mg
of high-quality active CBD oil from Iverson Family Farms Inc. based in
Willamette Valley, Oregon through an industrial hemp production contract.
Under
the terms of the contract, Iverson will harvest industrial hemp on 33 acres of
land in 2019 for 48North for the purposes of providing the Company with
high-quality active CBD oil.
Announced
on the heels of the Company's expansion into the United States, the Company
intends on leveraging the high-quality active CBD oil to solidify and expand
its U.S business operations.
The
CBD oil will be used for three primary purposes:
● the launch of Quill's full-spectrum,
hemp-based, CBD-specific, internationally distributed, all-in-one vaporizer
pen;
● to launch other farm-bill compliant,
federally legal, and centrally distributed CBD-based products across the United
States; and
● future B2B sales.
Iverson
was started by Ross and Dorothy Iverson in 1950. After Ross developed terminal
liver cancer, his family used CBD to help manage his pain. This firsthand
experience with CBD led them to begin growing high CBD hemp in 2016 and a year
later the installation CO2 processing and manufacturing facility. Today,
Iverson is one of the largest vertically-integrated CBD operations in the
world. The 2019 grow season includes 600 acres with manufacturing contracts for
many of the largest CBD companies, including Charlotte's Web (TSX: CWEB), a market leader in the production
and distribution of innovative CBD wellness products.
"48North
knows that strategic U.S expansion with a focus on federally legal CBD-derived
products is critical to both the long- and short-term success of cannabis
companies focused on brand and product for the recreational consumer market.
The Company is laser-focused on securing robust distribution channels, further
building and maintaining brand loyalty, and developing an innovative and
diverse product offering for the increasingly competitive recreational cannabis
market globally," said Alison Gordon, CEO of 48North.
Pasha Brands Ltd. (CSE: CRFT) (OTC:CRFTF) announced that it has submitted a product call
application package in consideration for supplier approval from the BC Liquor
Distribution Branch (BCLDB), in hopes of becoming the first vendor to supply
British Columbia's provincial distributor with craft cannabis products. This is
the second application of its kind for Pasha, the first being for the Ontario
Cannabis Store (OCS) earlier this year, and marks the company's ability to
bring quality craft cannabis products from recognized pre-legalization brands
to market in an efficient and timely manner.
Through
Pasha's numerous craft brands, this application offers the Province of British
Columbia the opportunity to access to its differentiated consumer-focused
products from accomplished local brands and Canadian craft farmers. By way of
its recently acquired Vancouver Island-based licensed producer, MedCann,
currently undergoing a name change, Pasha will process wellness-use craft
products including pre-rolled premium flower, extracts, capsules, edibles,
vaporizer oils, and topicals.
Pasha
is proud to submit products from its prohibition-era brands family, brands
firmly rooted in British Columbia's craft cannabis industry, to the BCLDB – the
only public legal retailer of cannabis in the province. Brands included in the
32-product initial application package include several brand names and
production formulations: CBD Therapeutics (CBD isolates and oil formulations),
Beard Brothers Collective (cannabis oils, vape pen inhalants, and shatter
distillates), Theraveda (craft cannabis flower), Aurion (Craft cannabis gel
capsules, distillates, and vape oil products), Roll Model (premium flower
pre-rolls and vape oils), Grizzlers (sativa and indica flower pre-rolls), and
Earth Dragon Organics (CBD-infused skincare and bath products).
Submitting
this application to the BCLDB signifies that Pasha and its subsidiaries are
ready to enter the legal market with these products. "These brands were
built by people with long-range vision and, for most, their narratives are
small business established by locals in British Columbia," said Dr.
Brigitte Simons, Chief Scientific Officer at Pasha Brands, who oversaw the
submission. "It's time to bring these highly sought-after craft products
to the BC consumers who love them."
Jason
Longden, CEO of Pasha, added, "Seeing all the Pasha brands coming together
and creating a team transitioning from the traditional market to offer unique
craft cannabis products is really exciting. It will be a privilege to share our
mindfully developed products with a larger demographic."
SOL Global
Investments Corp. (CSE: SOL) (OTCQB: SOLCF) announced that 3 Boys Farms, LLC, which owns
and operates one of the original fourteen (14) medical marijuana treatment
center licenses in Florida, has obtained Good Agricultural Practices-Farm (GAP)
and Good Manufacturing Processing (GMP) approvals for its state-of-the art
cannabis cultivation facility in Ruskin, Florida with 100% scores on both. SOL
Global completed its acquisition of 3 Boys Farms in April 2019 through the
closing of its purchase of CannCure Investments Inc., and has invested over $8
million dollars USD to upgrade both the operations team and facilities to scale
up for a statewide launch of cannabis medicine via its proprietary home
delivery system and retail dispensaries.
"A
big congratulations is in order to the 3 Boys operations and cultivation team,
who in the span of less than five (5) months worked tirelessly to upgrade the
Ruskin facility to meet and exceed GAP and GMP industry standards," said
SOL Global's interim chair Brady Cobb. "These certifications will allow us
to deliver the best possible cannabis flowers and products to Florida's medical
patients. Our model in collaboration with GMP and GAP certifications allows 3
Boys Farm to literally be the only cannabis cultivator in the state using
organic living soil while following strict organic principles in all
practices."
ASI,
which is accredited by the American National Standards Institute as an SQF
Certification Body, conducted the audit for 3 Boys Farm on September 3rd 2019
and found the facility met the highest possible global food and farm safety
standards.
Podcast sponsor
Today’s podcast was sponsored by CBDollars. CBDollars is the first group of its kind designed to
turn everyday people into entrepreneurs of one the largest, most profitable
industries that will ever happen in this country. CBDollars will teach its
members how to invest in the cannabis industry through stocks, ETFs, and as
Angel Investors; start a wholesale store for a brick and mortar business; start
an online store as a dropshipper;
private label your own products from edibles to beauty & More. Join
CBDOLLARS to lean more. Follow us on Facebook
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