Investor
Ideas #Potcasts; #Cannabis News and #Stocks on the Move; (TSX: $WEED.TO) (NYSE:
$CGC) (OTCQB: $CANB) (NEO: $HALO) (OTCQB: $OWPC)
Delta, Kelowna, BC, December 9, 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:
Read this in full at https://www.investorideas.com/news/2019/cannabis-potcasts/12091WEED-CGC-CANB-HALO-OWPC.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.
Canbiola,
Inc. (OTCQB: CANB), a developer, manufacturer and supplier
of a variety of hemp-derived THC-Free Cannabidiol (CBD) Isolate products such
as oils, drops/tinctures, creams, moisturizers, chews, and capsules, announced that it has executed an agreement for an
all-stock transaction to acquire 51% of Green Grow Farms Inc from Iconic
Brands, Inc. In addition, Canbiola is
negotiating an option to purchase the remaining 49% minority interest from NY
Farm Group. The transaction will consist of all stock valued at $1 million,
full terms can be found in the Company’s current 8K filing filed December 6,
2019.
Green Grow Farms
Inc is licensed by New York State to grow hemp under the Hemp Research Pilot
Program. Green Grow Farms grows industrial hemp for grain, flower, and CBD.
Green Grow Farms has successfully grown and harvested 6 Acres on two farms in
Calverton, NY this year, yielding in excess of 12,000 pounds of dried biomass.
The current New York inventory consists of Suver Haze and Sweetened varieties
with CBD content ranging from 13% to 16%. This product is being sold as biomass
for processing into isolate and/or distillate and to wholesalers and retailers
for processing as smokable flower and pre-rolls. Additionally, Green Grow Farms
has a cultivation partnership with Fox Trot Farms LLC in Meigs County,
Tennessee. This 50/50 partnership is a 35 acre grow with over 100,000 Late Sue
variety clones which have reached maturity and are presently being harvested.
Additionally, various quantities of different varieties have been harvested.
This product will be mostly processed to raw material for their consumer
product line.
The close of this
transaction will further the full vertical integration goals of Canbiola. The
company now has successful consumer brands under the Pure Leaf Oil, Seven
Shakra’s and Canbiola names and a full company-owned production facility in
Lacy, Washington where all the products are manufactured, and white label
services are provided. In addition, the Company announced in July of this year
our joint venture with Shi Farms to be minority equity partners in a full
processing facility in Pueblo, Colorado and with the intended acquisition of
Green Grow will have our own Company-owned grows to further, control our
process.
After closing, the
Company will have an update forthcoming on our plans for 2020 to complete the
initiative of being a true full vertically integrated company in the burgeoning
CBD and Premium Hemp market. Through Green Grow Farms and in conjunction with
their NY Hemp Depot subsidiary the company intends to develop their operations
in New York to not only grow, but to provide automated harvesting, bucking,
drying, and processing services.
Halo Labs Inc. (NEO: HALO) (OTCQX: AGEEF) announced that it has signed a strategic partnership
agreement with OG DNA Genetics Inc., one of the most awarded names in cannabis,
to exclusively develop its genetics in Oregon through breeding, growing,
phenotyping and processing. The initial term of the partnership agreement is
five years with successive five-year renewals.
Partnership
Highlights
● DNA Genetics has garnered over 180 awards
in the cannabis industry including High Times top 10 strain of the year,
seedbank Hall of Fame, and Trail Blazers award
● Their strains and derivative products
command a premium in the market and are highly demanded by cannabis consumers
● 5-year exclusive partnership will expand on
Halo’s already prominent genetics library to establish a new standard of
cannabis in Oregon
● Partnership aligns with the 1 acre increase
in the grow operation in East Evans Creek
● Halo will be only grower and manufacturer
of DNA Genetics brand products in Oregon
Founded
in Amsterdam in 2004, DNA Genetics is a leading influencer in the global
cannabis industry, developing high-quality seeds using a professional,
responsible and technical approach. DNA Genetics created some of the most
well-known products by combining high quality genetics and expert growing
practices. With a win in every single category of the HIGH TIMES Cannabis Cup,
many of the top seed companies in the industry use DNA within their breeding
programs.
DNA
will take that expertise and award-winning track record to produce strains that
will be exclusive to Halo in the state of Oregon. The exclusivity requires that
companies in Oregon that seek access to the DNA strains must license them from
Halo.
Andreas
Met, Co-founder and COO of Halo commented, “We have seen that consumers demand
quality and the top brands in our industry. DNA Genetics provides just that. We
expect that demand for our products across the board will benefit from the
co-branding opportunities this alliance presents.” Mr. Met went on to state,
“Our recent cultivation expansion provides us an opportunity to capitalize on
the DNA Genetics partnership. We will refine genetics of the cannabis that Halo
currently produces while introducing new DNA strains into circulation.”
“We
are very excited to partner with Halo Labs. They have an impressive footprint
with first-class established product categories,” said Charles Phillips, CEO of
DNA Genetics. “This is a multiplier for two fast-growing cannabis companies
with additional partnership opportunities on the horizon. With both companies
actively expanding business activities and global footprint – we expect this to
be a very successful and mutually beneficial partnership.”
Commenting
on the full potential Kiran Sidhu, Co-founder and CEO of Halo said, “We are
excited to partner with DNA Genetics to build upon our strains in Oregon. DNA
Genetics is renowned through the cannabis industry as a top breeder. Having
exclusive rights to their genetic developments in Oregon reaffirms our leading
position in this market and will help the Oregon market reach new heights.” He
added, “We hope this is the first of many markets in which Halo and DNA will
collaborate.”
One
World Pharma Inc. (OTCQB: OWPC), a fully licensed pure-play cannabis and
hemp ingredient producer in Colombia, announced today that it has partnered with Colombia’s FEDECORE
to provide seed-to-sale assistance to qualified local populations in Colombia.
FEDECORE is the
‘Colombian Federation of Regional Advisors,’ which defends human rights,
promoting inclusive policies, programs, and projects. It is tasked with developing
social projects in post-conflict, underdeveloped and struggling municipalities
of Colombia to improve the quality of living of the citizens in those regions.
Under the joint venture, OWP owns 51% of the shares of Colcannapy S.A.S., a
Colombian company, with FEDECORE owning the remaining 49%. Through Colcannapy,
the parties intend to execute a new initiative with selected populations across
the country to produce high-quality industrial hemp for subsequent
international sales.
Colcannapy holds a
valid seed license and 24 registered cultivars that will be provided to the
designated groups to be used in FEDECORE’s industrial hemp project. The program
will aim to educate local growers as to the modern, most efficient cultivation
techniques for Colombia’s growing climate. OWP intends to then purchase up to
50% of all harvested plant material and sell it in the international
marketplace, while FEDECORE will purchase the remaining biomass to be used
domestically throughout Colombia.
Through FEDECORE’s
efforts, Colombia’s government is fulfilling its promise to empower and enrich
people who suffered through previous domestic conflict. OWP was chosen in part
because of its significant expertise in seed characterization and its stated
mission to beneficially partner with indigenous people. This is aligned with
Colombia’s emerging subsidy program, which has been established to develop a
leading international industrial hemp program nurtured by local farmers.
“It is a great tribute to our reputation in
Colombia that we have been selected to partner with FEDECORE,” stated Brian
Moore, President, One World Pharma. “Our Company’s initiatives include
partnering with local farmers and indigenous people in a mutually beneficial
way. Our partnership with FEDECORE is
expected to allow us to do this on a large scale,” added Moore.
Canopy Growth
Corporation (TSX: WEED) (NYSE: CGC) announced that effective January 14, 2020, David
Klein has been appointed as the Company's Chief Executive Officer.
David
brings a wealth of expertise to this role, having served in a number of senior
leadership capacities over the past 14 years at Constellation Brands. His
capabilities include extensive CPG and beverage alcohol industry experience,
strong financial orientation, and experience operating in highly regulated
markets in the U.S., Canada, Mexico and Europe. David is an experienced
strategist with a deep understanding of how to build enduring consumer brands
while leveraging operational scale across a dispersed production footprint. He
is a strong leader with a proven track record of developing diverse and high
performing teams.
In
his current role as executive vice president and chief financial officer at
Constellation Brands, David oversees all aspects of the company's finance
operations, all mergers and acquisitions, as well as the company's information
technology function. He is widely respected among members of the U.S.
investment community, earning recognition as a top CFO by Institutional Investor
magazine the past three years. David serves as a member of Constellation
Brands' executive management committee. He has served on the Canopy Growth
Board of Directors for over a year and is presently Canopy Growth's Board
Chair. This familiarity with the Company's current leadership team and strategy
will allow David to integrate quickly, a major benefit in the fast-moving
cannabis sector.
"Canopy
Growth sits at the forefront of one of the most exciting new market
opportunities in our lifetime," said Klein. "Thanks to the efforts of
Mark and the entire team at Canopy Growth, no company is better positioned to
win in the emerging cannabis market. I look forward to working with the team to
build on the foundation that has been laid, to develop brands that strongly
resonate with consumers, and to capture the market opportunity before us.
Together we will drive sustainable, industry-leading growth that benefits
employees, shareholders and the communities in which we operate."
The
appointment of David Klein follows a thorough recruitment process overseen by a
special Hiring Committee of the Board using global recruitment company Heidrick
& Struggles, which saw a wide variety of exceptional candidates vetted and
interviewed. David will step down from all other positions he currently holds,
remaining a member of the Canopy Board of Directors. The Company intends to
appoint a new Chairperson upon David's effective date as CEO.
Consistent
with the previously announced transition plan, with a new CEO identified Mark
Zekulin will be stepping down from his role as CEO and resigning his seat on
the Board of Directors of Canopy effective December 20, 2019. As a founding employee of Canopy Growth (then
Tweed Marijuana Inc.), Mark was instrumental in building Canopy into what it is
today first in the role of President, then President and Co-CEO, and finally as
CEO.
"It
has been an incredible six years at Canopy Growth, and I have witnessed the
team and Company grow from five people in an abandoned chocolate factory, to
thousands of people across five continents," said Zekulin. "Canopy
today is positioned to win with the resources, infrastructure, team, and
award-winning culture needed to succeed. It has truly been an honour to be part
of building a unique, Canadian success story like Canopy, and I look forward to
seeing the Company continue to evolve and grow under David's leadership."
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
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