Investorideas.com newswire, breaking news for marijuana, cannabis and hemp stocks

Monday 2 December 2019

Investorideas.com - Cannabis Stock News: Phivida Holdings Inc. (CSE: VIDA) (OTCQX: PHVAF) Launches CBD Marketplace Wikala.com

Investorideas.com - Cannabis Stock News: Phivida Holdings Inc. (CSE: VIDA) (OTCQX: PHVAF) Launches CBD Marketplace Wikala.com

Investorideas.com - Leading Illinois Cannabis Dispensary Debut's New Name/Image In Time for New Year

Investorideas.com - Leading Illinois Cannabis Dispensary Debut's New Name/Image In Time for New Year

Investorideas.com - Breaking Cannabis News: Lil Wayne Launches GKUA Ultra Premium Cannabis Brand

Investorideas.com - Breaking Cannabis News: Lil Wayne Launches GKUA Ultra Premium Cannabis Brand

Investor Ideas #Potcasts; #Cannabis News and #Stocks on the Move; (TSX: $APHA.TO) (NYSE: $APHA) (TSXV: $PCLO.V) (NYSE: $ACB) (TSX: $ACB.TO) (CSE: $ISH.C) (TSXV: $GTEC.V) (CSE: $BHNG.C)


Investor Ideas #Potcasts; #Cannabis News and #Stocks on the Move; (TSX: $APHA.TO) (NYSE: $APHA) (TSXV: $PCLO.V) (NYSE: $ACB) (TSX: $ACB.TO) (CSE: $ISH.C) (TSXV: $GTEC.V) (CSE: $BHNG.C)



Delta, Kelowna, BC, December 2, 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 podcast edition of  cannabis news and stocks to watch plus insight from thought leaders and experts.

Listen to the podcast:



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.

Aphria Inc. (TSX: APHA) (NYSE: APHA) announced that its subsidiary Aphria Diamond secured a credit facility, on November 29 2019, with a major Canadian chartered bank as sole arranger, sole book runner and administrative agent on behalf of a group of lenders for a committed senior secured credit facility of $80 million.

"Aphria has the largest cash balance in the cannabis industry without the dilution of a strategic partner," said Irwin D. Simon. "We are pleased to have secured a term loan that will repatriate a portion of our investment in Aphria Diamond, to be strategically deployed by Aphria. This loan strengthens our balance sheet without being dilutive, and positions Aphria Diamond for success as we expand into new categories and growth opportunities in cannabis to enhance value for shareholders long term."

Since securing its Health Canada license on November 1, 2019, Aphria Diamond is quickly coming on scale. Aphria Diamond will be 70 per cent planted by mid-week, with 350,000 young seedlings planted. With the level of automation and scale of the facility, the Company anticipates Aphria Diamond to have one of the lowest cost structures in the industry. Aphria expects the dried flower production from the first harvest to be sold to provincial control boards sometime in March 2020.

The Credit Facility is secured by Aphria Diamond's assets and Aphria's balance sheet. Pricing is based on a set margin over the Bank's Canadian Prime Rate or Bankers' Acceptance and a pricing grid linked to certain financial ratios. It is expected to be at the outset in the low-to-high 5 per cent per annum range. The Credit Facility has a three-year term and contains customary financial and restrictive covenants.

PharmaCielo Ltd. (TSXV:PCLO) (OTCQX: PCLOF) announced that the Company has qualified to trade on the OTCQX® Best Market in the United States and secured Depository Trust Company ("DTC") eligibility. PharmaCielo's shares were previously traded on the OTC Markets' Pink® Market under the ticker "PHCEF" and have begun trading today on the top tier OTCQX® Best Market under an updated ticker symbol of "PCLOF".

"Having our shares traded on the top-tier of the OTC Markets in the U.S. is a testament to PharmaCielo's successful transition from the start-up phase into a mature medicinal cannabis company with robust operating infrastructure," said David Attard, CEO of PharmaCielo Ltd. "Being traded on the OTCQX Market is expected to provide PharmaCielo with greater visibility for U.S. and international investors who are looking for opportunities to participate in the burgeoning global medical cannabis industry. In addition, DTC eligibility will provide added convenience to U.S. investors, brokers and institutions."

Aurora Cannabis Inc. (NYSE: ACB) (TSX: ACB), the Canadian company defining the future of cannabis worldwide, today announced that one of the Company's oil products has now been approved for use under Ireland's new Medical Cannabis Access Programme (MCAP). Aurora's High CBD Oil Drops received approval from the Irish authorities and have now been added to a regulatory schedule by the Irish Minister of Health enabling importation, prescribing and supply under the scheme and is to date, one of only two products to gain such authorization.

Dr Shane Morris, Chief Product Officer at Aurora said, "Aurora is pleased to be able to assist patients who are seeking treatment with high quality EU-GMP (good manufacturing practice) certified pharmaceutical-grade medical cannabis in Ireland.   We are very proud to be one of the first approved suppliers of medical cannabis under the MCAP.  We want to acknowledge the efforts made by many people, especially the patients and doctors who have campaigned for access to these medicines.  We look forward to more of Aurora's high-quality medicines being approved, so that more patients can benefit from the MCAP in Ireland.  We will continue to work closely with all parties and state agencies to facilitate further availability."

Under the new programme, a consultant can prescribe medical cannabis for patients under their care who have any of the following medical conditions:
     Spasticity associated with multiple sclerosis
     Intractable nausea and vomiting associated with chemotherapy
     Severe, refractory (treatment-resistant) epilepsy

The Medical Cannabis Access Programme was signed into law in June 2019 by Ireland's Minister for Health, Simon Harris. The programme will facilitate access to cannabis-based medical products in line with legislation and is scheduled to run for 5 years.

Inner Spirit Holdings Ltd. (CSE:ISH), a Canadian company establishing a national network of retail cannabis stores under its Spiritleaf brand, today announced it is putting its corporate focus solely on its Spiritleaf retail cannabis brand and will be voluntarily winding-down its corporate Watch It! retail operations by the end of the year.

Inner Spirit went public in July 2018 and leveraged the experience that the management team gained from operating the Watch It! franchise system since it was started in 1999. The Company's Watch It! division, which sells watches and accessories at select retail locations in Canada, provided the Company with infrastructure, retail experience, an effective approach to training and franchise relations, real estate connections, marketing knowledge and brand expertise. As Inner Spirit has evolved and with the Spiritleaf brand representing 84 percent of the Company's system-wide retail sales1 in third quarter 2019 financial results, the Company is executing on its plan to become a pure-play cannabis retailer.

"We are advancing the Company's business strategy by rapidly opening Spiritleaf cannabis retail stores in locations across Canada where permitted by regulation. We are the industry leader in Canada with 38 Spiritleaf branded stores operating and we want to continue to build on this momentum. We are preparing to open additional stores in British Columbia, Alberta, Saskatchewan and possibly Ontario in 2020. For these reasons, we are voluntarily closing our corporate Watch It! retail business so we can train our sights fully on the recreational cannabis business moving forward. We want to be focused solely on expanding the Company's cannabis retail store network, enhancing our financial performance, and creating value for our shareholders as a pure-play recreational cannabis retailer," said Darren Bondar, President and CEO of Inner Spirit.

The Company plans to close its corporate Watch It! operations as of December 31, 2019. On November 29, 2019, Watch It! Consolidated Ltd., the wholly owned subsidiary of the Company that runs the Watch It! retail operation, filed a Notice of Intention to Make a Proposal pursuant to the provisions of Division I of Part III of the Bankruptcy and Insolvency Act (Canada). Additionally, A. Farber & Partners Inc. has been appointed as trustee in the proposal proceedings. The Watch It! trademark and website are anticipated to be sold, and it is expected that a number of Watch It! franchise locations will continue to operate independently under the brand without any further connection to the Company or to WIC.

Bondar noted, "Over the last 20 years, Watch It! has played a special role in helping thousands of customers mark timely moments and celebrate important milestones. I'd personally like to thank the customers, staff, suppliers and franchise partners who have all been part of this family and wish everyone success in the next chapter. Watch It! has also played an instrumental role as the foundation for us to build the Spiritleaf network. We'll now focus our efforts exclusively on Spiritleaf and continue to build it as the premier retail cannabis brand in Canada."

The Company has a total of 38 retail cannabis Spiritleaf stores open and operating in Alberta, British Columbia, Saskatchewan and Ontario. This includes the recent opening of a franchised Spiritleaf store on November 27, 2019 in Calgary's Sunridge Mall. Additionally, store openings projected for the coming week include franchised locations in the Hillhurst community of Calgary and in Cochrane, Alberta as well as the Company's ninth corporate-owned store located in Edmonton's Garneau community near the University of Alberta campus. The Company will be entering the busy holiday shopping season with more than 40 Spiritleaf store locations serving local communities. Please see www.spiritleaf.ca for more information, including store locations, opening dates and operating hours.

GTEC Holdings Ltd. (TSX-V:GTEC) (OTCQB:GGTTF), a multi-licenced producer of premium indoor flower, announced that it has formally launched its recreational adult-use brands in the Provinces of British Columbia and Saskatchewan.

“We set out a mandate to produce ultra-premium cannabis that is superior to the available selection in the current legal marketplace, produced from exclusive cultivars,” said Norton Singhavon, Founder, Chairman and CEO of GTEC. “This product launch marks a pivotal chapter in our growth and strategy. We are very excited about our fiscal 2020 year, as we expect to realize significant increases in production, revenue and gross margins, which we anticipate will drive GTEC into profitability.”

"Since day one, it has been our goal to build a brand and product portfolio that caters to what consumers are searching for; whether new to the market, or legacy cannabis connoisseurs," said Adil Hirji, Head of Marketing at GTEC. "We are confident that our meticulous efforts from seed to shelf will separate ourselves from others, establishing a sustainable competitive advantage while building consumer loyalty."

Initial orders were fulfilled and shipped in November to the British Columbia Liquor Distribution Branch and a private Saskatchewan distributor, with wholesale and retail sales commencing during the week of November 25, 2019. The purchase orders have provided GTEC’s products access to 135 retail stores between both Provinces. The products have been priced amongst the highest tier within BCLDB sales channels, and promptly sold-out within hours of being available for wholesale distribution and to public consumers, which demonstrates the robust demand for GTEC’s products in British Columbia.

A subsequent purchase order was received from the BCLDB, which is currently being fulfilled and expected to be delivered this week. The Company expects to continue to expand its national distribution into other Provinces in the near future.

Launched products include:
      BLK MKT: Born out of passion and dedication to the craft. This brand is for the true connoisseur, seeking rare top-shelf cultivars with a higher THC.
      Wedding Crasher: ultra-premium quality | GTEC exclusive cultivar
      Cherry Punch: ultra-premium quality | GTEC exclusive cultivar

      Tenzo: A balanced lifestyle brand, with a variety of strains that provide a diverse palette of desired experiences to consumers
      Purple Punch 2.0: premium quality | GTEC exclusive cultivar
      Cold Creek Kush: premium quality | non-exclusive cultivar
The recently launched products have been produced from GTEC’s exclusive cultivar collection, with the quality of flowering increasing from premium to ultra-premium, resulting in a significant increase in GTEC’s selling price. Management anticipates that its average selling price and sector-leading gross margins(A) will continue to increase as it realizes economies of scale and transitions its production to its exclusive cultivar collection.

Bhang Inc. (CSE: BHNG) (OTCQX: BHNGF), a global cannabis CPG brand company with an extensive, award-winning portfolio of products, today reported its financial and operating results for the third quarter ending September 30, 2019.

Over the past decade, Bhang has become one of the most-recognized brands in cannabis anchored by our flagship 8X cannabis cup winning chocolate products. Since our official CSE list date in July, Bhang has faced challenging market headwinds and strong skepticism driven by reduced investment and downsizing across the cannabis industry. Despite these challenges, the Company has been laser focused on evolving its portfolio of branded products within existing categories. Through the third quarter, Bhang laid the necessary foundational building blocks with our successful acquisition of Red Ace Organics as well as our announced partnerships to bring Bhang hemp-derived CBD products across Europe and Puerto Rico. The Company also increased its U.S. market exposure to seven states, with Bhang branded THC chocolate bars coming soon to Nevada.

To position the Company on a strong path to profitability, Bhang is now expressly focused on rationalizing its current assets, driving efficiencies through cost and overhead reductions and improving execution on the Company’s existing product portfolio. As we look forward to 2020, we are confident that the strong foundation we have built in Q3 and throughout 2019 will allow us to rationalize our core product offering, gain the trust of new customers and continue growth across our global retail network.

Investor ideas reminds all listeners to read our disclaimers and disclosures on the
Investorideas.com website and this podcast is not an endorsement to buy products or services or securities. Investors are reminded all investment involves risk and possible loss of investment   

Learn more about our cannabis podcasts at https://www.investorideas.com/Audio/Potcasts.asp

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Breaking #Cannabis #Stock News: Jetblack Corp. (OTC: $JTBK) Discusses EndoCleanse™ a Ground-Breaking Product in the Cannabis Sector; @jetblackcorp


Breaking #Cannabis #Stock News: Jetblack Corp. (OTC: $JTBK)
Discusses EndoCleanse™ a Ground-Breaking Product in the Cannabis Sector; @jetblackcorp



Portland, OR – December 2, 2019 – (Investorideas.com Newswire) Jetblack Corp. (OTCMKTS: JTBK) the company” “JTBK” provided more details on EndoCleanse™ a first of its kind” product in formulation.

EndoCleanse™ is a product that will give the daily consumer of cannabis, the ability to feel like they have taken a break from consuming cannabis, flushing the receptors (CB1 and CB2), which will make the intake of marijuana and its desired effects more efficient.

Additional benefits of EndoCleanse™ would be, saving a consumer time and money. Taking away the need to constantly seek out different strains, along with consuming less marijuana in general.

The company believes that regular daily consumers of marijuana will benefit greatly from this product. Daily consumers often need to seek out different strains to feel a strong effect or seek out concentrates.


Statistics have shown upwards of 10% of the adult population in the US consume marijuana daily. Roughly another 10% consume weekly. “This is a huge market with lots of untapped potential, even amongst daily users, not to mention the weekly consumers,” explained Jetblack Corp. CEO.

The recent identification of cannabinoid receptors, CB1 and CB2 receptors has started an exponential growth of studies exploring the endocannabinoid system and its regulatory functions concerning health and disease.

The endocannabinoid system is still being studied, and research is in its infancy. The company believes this product may also benefit non-cannabis users as well, as we know now the endocannabinoid system plays an important role in our health. This is why we have stated from the start, EndoCleanse™ is a wellness product,” explained the CEO. 

About Jetblack Corp.
Jetblack Corp. (OTCMKTS: JTBK) is a company focused on commercializing innovative ideas for the benefit of shareholders and the community. The focus of the company is to spend a small amount of capital on each innovative product, with the potential to benefit society and or the environment. Distributing risk across a variety of products and sectors, reducing the risk for shareholders while enhancing the chance for success. The company also gives the investor the ability to put their capital to work for a good cause. We are continually identifying how we can make an impact for the better.

Why us and what makes us unique?
We plan to provide an opportunity for investors to put their capital to work in a beneficial way for society. Products that may make an impact to improve lives and/or the environment. Opportunity for conscious investing. 

More information about JTBK can be found at:



Disclaimer:
This press release contains forward-looking statements. All statements other than statements of historical facts included in this press release are forward-looking statements. In some cases, forward- looking statements can be identified by words such as "believe," "expect," "anticipate," "plan," "potential," "continue" or similar expressions. Such forward-looking statements include risks and uncertainties, and there are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors, risks and uncertainties include market risks associated with our business, the inability to raise enough capital to complete our business, economic conditions and increasing competition. Investors should not place any undue reliance on forward-looking statements since they involve known and unknown, uncertainties and other factors which are, in some cases, beyond the Company's and management’s control which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Investors should be cautioned that nine out of ten start-ups and small businesses fail. If the company cannot achieve financing, then it may not be able to follow through with its business plan. This may lead to an investor losing part or their entire investment. Investors may have trouble locating a broker dealer to trade their stock. Any forward-looking statement reflects the Company's current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to operations, results of operations, growth strategy and liquidity. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. The loss of key employees would be detrimental to the company success and may cause failure. Currently the company is considered a penny stock, which means the spreads can be very far apart, sometimes illiquid, and investors may not be able to sell when they want or for the price they paid. In some circumstances the investor may lose all their investment.

Source: Jetblack Corp.

Contact:
Corporate Communication
Jetblack Corp. IR Department
1-888-611-5825

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Disclosure: This news release featuring JTBK is a paid for news release on Investorideas.com ($450 Special) More disclaimer info: 
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