Investor Ideas #Potcasts; #Cannabis News and #Stocks on the Move: (TSXV:
$META.V), (NYSE: $APHA), (CSE: $COOL.C),
(TSXV: $WL.V),
(OTC: $EDXC),
(CSE: $VIDA.C)
Delta, Kelowna, BC –November 4, 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.
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at https://www.investorideas.com/news/2019/cannabis-potcasts/11041META-APHA-COOL-WL-EDXC-VIDA.asp
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.
National Access Cannabis Corp. (TSXV: META), Canada's largest publicly traded
recreational cannabis retailer by revenue, announced that it has registered "Meta
Growth" as a business name and will begin to conduct business under the
Meta Growth name effective immediately, with the formal name change to Meta
Growth Corp. subject to shareholder approval. The Company also announced that
it has entered into a definitive agreement (the "Agreement") to sell
the Company's portfolio of medical cannabis clinics from National Access Canada
Corporation to Evergreen Pacific Insurance Corporation for $4 million in cash,
anticipated to close on November 30, 2019.
The Meta
Growth corporate identity embodies the Company's strategy to be the preeminent
cannabis retailer in Canada. The new corporate logo visually represents META's
multidimensional commitment to cannabis culture, strength, passion and unique
presence in the industry as pure play retail. All new recreational cannabis
retail stores will be constructed under the new, cool and comfortable META
banner. The Company has unveiled an updated investor presentation as part of
this new identity, which is available on its new website, metagrowth.com.
"Aligning
our corporate brand, with our retail brand and our stock ticker demonstrates
our commitment to the Canadian retail market and creating value for our
shareholders", said Mark Goliger, CEO of Meta Growth. "As the
cannabis industry has evolved, our focus has shifted from medicinal to
recreational cannabis, and today, retail is our portfolio and our future. Brand
recognition and consistency are key to our success and META is ready to
continue to maintain our leadership position in the Canadian retail market.”
Meta
Growth and Evergreen Pacific announced that a definitive agreement to sell the
Company's non-core medical cannabis clinics has been executed. Meta Growth
intends to use the net proceeds of the sale to fund the buildout of
recreational cannabis retail stores, and for general working capital purposes.
The transaction is subject to customary closing conditions and is expected to
close on or about November 30, 2019.
"As
Canada's largest recreational cannabis retailer, with a well-defined growth
path ahead of us, this Agreement represents META's focus to maintaining its
leadership position in the Canadian retail market, which we view as the most
strategic and valuable portion of the recreational cannabis value chain,"
said Mark Goliger. "We are proud of META's medical cannabis roots and I
would like to thank all of the employees who have had a role in growing this
division over the past 3 years. This transaction allows us to monetize a
non-core asset and redeploy the proceeds into our primary business unit, with a
view to optimizing long-term returns on capital and generating shareholder
value."
Aphria Inc. (TSX: APHA) (NYSE: APHA) announced that it has received a cultivation licence
from Health Canada for Aphria Diamond, the Company's second Leamington, Ontario
cannabis greenhouse facility, bringing an additional 1,300,000 square feet of
production space with an annual growing capacity of 140,000kg. Combined with
the Company's Aphria One facility and its subsidiary Broken Coast Cannabis, the
Company now has more than 2,400,000 square feet of cultivation space capable of
reaching a total annualized production capacity of 255,000kg.
"We
are extremely pleased to receive the licence for our long-awaited Aphria
Diamond facility, which more than doubles our Canadian production
capacity," said Irwin D. Simon. "Reaching industry-leading production
levels coinciding with the expansion into new categories and new opportunities
for cannabis in Canada and around the world is a transformative moment for
Aphria Inc."
Aphria
Diamond is a 51%-owned subsidiary of Aphria Inc., through which the Company has
partnered with Double Diamond, a company with multi-generational expertise in
the commercial greenhouse industry. Aphria Diamond is situated on a 100-acre
campus with a brand-new greenhouse facility covering 1,300,000 square feet that
has been retrofit for the cultivation of cannabis.
Aphria
Diamond features the industrial-scale automation technology that is the
hallmark of Aphria One's Part IV and V expansions. The in-house designed
automation will handle cultivation functions including transplanting cuttings,
transporting plants through harvesting, de-budding and trimming, drying and
curing, and waste disposal.
"We
believe the introduction of our proprietary automation technology at Aphria
Diamond will provide us with the ability to cultivate high-quality cannabis
with great efficiency and at an unprecedented scale," continued Simon.
"As we remain focused on sales growth and profitability, this unique
advantage is expected to enable Aphria to continue to create long-term value
and drive the evolution of the industry through innovation and the development
of leading brands."
Core One Labs Inc. (CSE: COOL) (OTCQX: CLABF) announced that it has signed a Definitive Agreement
to acquire Rainy Daze Cannabis Corp., a British Columbia corporation. The
corporation's assets include a long term lease for a facility currently under
construction and scheduled to be completed in the 2nd Qtr of 2020.
The facility comprises 2,210 square feet of canopy space and 3,500 square feet
of operational purpose built building. Also included are 15 top proprietary
genetics with the necessary farming protocols and SOPs to ensure both maximum
yield and compliance.
The
corporation being acquired was organized by Chadwick Clelland, currently CEO of
a fully licensed Canadian LP with Cultivation and Medical Sales licenses. The
facility under construction has a license application in process.
The
facility will be operated by experienced staff with LP credentials. Seed to
sale software and distribution agreement will guarantee shelf space with a
group of over 12 licensed locations in western Canada. This is an opportunity
to independently brand all of Core One Labs' products in the Canadian market.
Extraction capabilities on site will permit this corporation to enter the
edibles and extracts markets.
With
this acquisition, Core One Labs will be positioned to build a foundation in
Canada for national distribution and international export of all COOL products,
including CannaStripsTM.
The
CEO of Core One Labs Inc., Brad Eckenweiler, commented, "The estimated
revenue numbers for this facility, when completed, suggest an ROI of over fifty
percent annually. The guaranteed flower purchase with a growing number of
licensed dispensaries is very attractive to the COOL business model for Canada.
The location of the facility in British Columbia where COOL currently has
offices is an additional benefit." The Company will continue to update the
market on the progress of this project as we proceed to its completion.
Westleaf Inc. (TSX-V:WL) (OTCQB:WSLFF) announced that the conditions precedent to the
white-label cannabis derivative product sale agreement between the Company's
wholly owned subsidiary Westleaf Labs LP and Delta 9 Cannabis Inc. (TSX: DN) (OTCQX: VRNDF) have been completed, and Westleaf Labs
has received the first order from Delta 9 for an initial three-month supply of
vape pens and cartridges. This first order represents anticipated revenue of
~$740,000 starting as early as January 2020.
"This
is another important milestone in the development of Westleaf, as we add the
critical processing and manufacturing component to our vertically integrated
strategy," said Scott Hurd, President and CEO of Westleaf. "This
operationalizes a key component in the cannabis supply chain and one that we
expect will see increase in demand as we enter Cannabis 2.0, and the
legalization of a myriad of new products."
The
White-Label Agreement provides for Westleaf Labs to produce a minimum of ~$4
million of white labelled cannabis derivative products, with the option to
increase to $16 million per annum. The one-year agreement was announced on July
24th and Westleaf Labs received its Health Canada Standard
Processing Licence on October 11th and is set to begin processing.
The
White-Label Agreement is expected to create value added products to be sold
through both Delta 9's retail stores in Manitoba, through Westleaf's
wholly-owned Prairie Records stores in Saskatchewan as well as through
provincial wholesalers.
With
the onset of Cannabis 2.0 and the legalization of a wide variety of new
derivative cannabis products, Westleaf is expecting strong industry wide demand
for efficient and high-quality extraction, processing and product manufacturing
to meet the needs of the new product manufacturers.
Also
working with Delta 9, NanoSphere Health
Sciences Inc. (CSE: NSHS) (OTC: NSHSF) provided an update regarding its operations in Canada, along
with its Canadian partner, Delta 9 Cannabis Inc.
The
company announced that Delta 9 has filed a Notice of New Cannabis Product
Application with Health Canada and will be proceeding to produce commercial
batches of an ingestible cannabis oil using Nanosphere patented technology.
Once produced, the initial commercial batches will require final review and
approval by Delta 9 and Health Canada prior to being sold under the Delta 9 –
Evolve brand in the Canadian Market.
Per
NanoSphere Health Sciences CEO, Dr. Mark Percival: “This marks an important
phase in our company’s development and our entry into the Canadian Market. It
also marks the beginning for Canadian consumers who are looking to expand on
the benefits they have experienced using cannabis products. The new products
being launched by Delta 9 are the first in Canada to utilize aspects of our
patented NanoSphere Delivery System. Medical cannabis patients and seasoned
recreational users alike will appreciate the difference more effective delivery
makes to their experiences”.
CBD Unlimited, Inc. (OTC: EDXC) formerly known as Endexx Corporation, a
provider of innovative phytonutrient-based food and nutritional products, announced a momentous advancement of the company’s
new partnership with First Foods Group,
Inc. (OTCQB: FIFG), a leading chocolate manufacturer, to
launch hemp-based premium chocolate product line under the brand name,
“Southeast Edibles.”
Backed
by a proven track-record, First Foods Group will assist in furthering CBD
Unlimited’s goals of continuously expanding and innovating its product suite.
First Foods Group has launched its first hemp-based chocolate product line
under the name Southeast Edibles. CBD Unlimited will play a significant role in
regulating the distribution, as well as assisting with the development of
high-quality CBD-infused chocolates. Critical applications provided under the
agreement include identifying unique food concepts, funding options, and
manufacturing services.
Through
this collaboration, First Foods Group and CBD Unlimited expect this initial
launch to promote the continued development of distinctive ingestible CBD
products. Southeast Edibles will offer a variety of premium chocolate flavors
with different concentrations of CBD Unlimited’s top-rated CBD.
“First
Foods Group will be a significant contributor to CBD Unlimited's growth
strategy as we advance into the food category. According to Arcview Market Research,
U.S. CBD sales are expected to hit $20 billion by 2024. As this forecast
includes the increase in CBD-infused food products, we are excited to
accelerate into this market," commented Todd Davis, CEO & Chairman of
CBD Unlimited. "We look forward to working closely with First Foods Group
and leveraging their knowledge and expertise in CBD-infused food innovation.”
“We
are excited to work with CBD Unlimited to bring our newly launched Southeast
Edibles product line to market. Our thorough, thoughtful approach to developing
only the highest quality CBD chocolate edibles is an ideal match with CBD
Unlimited's scientific approach to perfecting the accuracy of CBD dosage in
all-natural food products. CBD Unlimited’s loyal customer base and expanding
market access gives us confidence that they are an ideal partner to help bring
our products to discerning customers who demand quality chocolate edibles that
have an exceptional taste and deliver a consistent and reliable dose of
hemp-based ingredients,” according to Harold Kestenbaum, CEO and Chairman of
FIFG.
Phivida Holdings
Inc. (CSE: VIDA) (OTCQX: PHVAF) announced the closed beta launch of its e-commerce
site, Wikala.com, an online CBD marketplace for US vendors. Phivida previously
launched the private beta for its accessories site in May, 2019, following its
acquisition of Wikala.com Inc., which was subsequently rebranded as
Bloomgroove.com and released live in September 2019.
Wikala
is now live in closed beta and, while it is not yet available for general
access, it is presently populated with Phivida's current roster of products. In
addition, the site is also in closed beta for independent businesses that can
register through the sellers' portal. Once the sign-up process is complete, and
Wikala has fully launched, approved vendors will be able to create digital
storefronts to list and sell CBD products across the United States. Wikala is
expected to be fully live for online shopping on December 1, 2019.
Wikala
will provide leading CBD product companies in the industry with a new and
robust sales channel that can expand their consumer reach. Through Wikala,
Phivida is building a standalone CBD marketplace in the United States. Wikala
is aimed at providing an online shopping option that will connect customers
directly to third party sellers and manufacturers.
David
Moon, President of Wikala.com Inc., commented: "We're excited to see this
vision finally coming together. We've gotten some great feedback that has
allowed us to refine the integration between customer and vendor. We're
continuing to make the necessary tweaks, and we will be using this final open
beta stage to ensure we get the process right."
Jim
Bailey, Chief Executive Officer of Phivida, added: "Wikala will provide us
with direct access to both the vendor and customer, allowing us to focus on
providing the best possible shopping experience. By connecting customers with
high-quality CBD vendors, we expect this aspect of our business to be less
exposed to the stringent regulatory requirements that are required in the
traditional bricks and mortar retail channel."
What
sets Wikala apart from other eCommerce sites is its proprietary technology.
Wikala is a highly customizable online platform that offers merchants powerful
features that, to Phivida's knowledge, no other CBD online stores currently
offer. Platform features now include a streamlined seller dashboard, advanced
smart search, and product comparison tools, among others.
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