Investor
Ideas #Potcasts; #Cannabis News and #Stocks on the Move; (CSE: $PUMP.C) (TSX: $WEED.TO)
(NYSE: $CGC) (CSE: $HOLL.C) (CSE: $PLUS.C) (OTC: $GRCU)
Delta, Kelowna, BC, December 11, 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/12111PUMP-WEED-CGC-HOLL-PLUS-GRCU.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.
World-Class
Extractions Inc. (CSE: PUMP) announced the signing of an agreement with
Nutralife Holdings, LLC and Nutralife Extraction Limited Partnership to
establish a joint venture to develop, manage and operate a hemp extraction and
processing facility in Imperial County, California to extract hemp oil from
hemp biomass in compliance with the U.S. Agriculture Improvement Act of 2018 –
also known as the Farm Bill.
Pursuant
to the terms of the Joint Venture, the parties will enter into a definitive
joint venture agreement to extract hemp biomass into hemp oil, from which hemp
oil products can be manufactured. The
parties intend to carry out the Joint Venture under a two-stage program. Under Stage One, Nutralife Farming LP, an affiliate
of Extraction LP, will enter into a 15 year lease agreement with the land
owner, renewable for two additional 5 year terms, to lease up to 1,900 acres of
farmland that are adjacent to the Facility, and Extraction LP will enter into a
similar lease with the same land owner for the Facility. Farming LP will obtain
all necessary permits and licenses to carry out cultivation of hemp on the
Property and will cultivate an initial crop of 80 acres of hemp, which
World-Class will assist in drying and delivering to an extraction
facility. Following successful
completion of Stage One, the parties intend to commence large-scale commercial
production in Stage Two. Word-Class will
incorporate a wholly-owned subsidiary in the United States, the Extraction LP
will obtain all applicable regulatory approvals relating to the extraction of
hemp at the Facility, and Farming LP will cultivate an initial crop of 400
acres of hemp, with a commitment to progressively cultivate up to 1,900 acres. The Joint Venture will extract the hemp oil
from hemp, and will be paid a processing fee equal to 1/3 of the fair market
value of the extracted product.
Under
the terms of the JV Agreement, the two parties will share economic benefits
through a profit-sharing structure reflective of the respective interest of
each party. Holdings will own 60% of the
Joint Venture and World-Class will own 40% of the Joint Venture. The parties intend to extract hemp produced
by the Farming LP in consideration for a processing fee of one-third of the
value of the extracted product. With a
history rich in hemp-farming dating back to 1917, the climate and growing
conditions in Imperial County, California are ideal, allowing for the site to
grow at least two crops per year (where other states and counties grow
one). Based on two hemp harvests per
year, the parties estimate that the Facility will accommodate the annual
production of up to 3,800,000 kg of extracted biomass, which could yield
between 225,000 kg to 350,000 kg of hemp oil distillate or hemp oil
isolate. Extraction services are
expected to commence mid-2020.
Rosy
Mondin, CEO of World-Class, stated, "Our Joint Venture with Nutralife
marks a significant milestone for World-Class.
The deployment of our hemp extraction and processing facility in
Southern California provides World-Class with access to the market in the
United States. The Joint Venture will
not only extract and process hemp oil, but will also manufacture hemp derived
products for human health and pet wellness with distribution of these products
through Nutralife's affiliate, Nutralife Wellness. The Joint Venture will also allow us to offer
our hemp extraction and processing services to licensed third-parties in the
United States."
Hollister
Biosciences Inc. (CSE: HOLL), through its hemp division, Rebel
Hemp Company, announced the launch of its premium organic
hemp-brewed beverage, Rebel Tea, at the Dream House MJBiz VIP Event in Las
Vegas, Nevada.
Brewed with
high-quality, American-grown hemp and containing fifteen milligrams of
whole-plant full-spectrum phytocannabinoids, Rebel Tea offers consumers a
refreshing THC-free beverage. Rebel Tea's innovative formula features
exclusively organic ingredients paired with light flavoring from natural lemon
and cane sugar.
Rebel Tea will be
launched at the most-anticipated after-party of the MJBiz Conference, the Dream
House MJBiz VIP Event on December 12, 2019, at The Industrial Event Space at
2330 S. Industrial Road in Las Vegas, Nevada. Hollister, a sponsor of the
invite-only event, will be showcasing Rebel Tea, along with additional hemp and
THC products, while offering VIP's an exclusive on-site adult consumption area
in "The Den".
The CEO of Hollister
Biosciences Inc., Carl Saling shared, "We are very proud to release our
new hemp beverage Rebel Tea. We have worked long and hard to create this
amazing tea that is actually brewed from hemp."
Plus
Products Inc. (CSE: PLUS) (OTCQX: PLPRF), a cannabis branded products
company in the U.S., today announced the transition of its primary
California distribution partner from Calyx Brands Inc. to HERBL Distribution
Solutions for the Company’s best-selling cannabis products.
Highlights
● PLUS
products are currently available in 360 licensed retailers in California
● HERBL
distributes to more than 600 licensed retailers in California
● PLUS has
an internal sales team of fifteen individuals who have been working closely
with HERBL and retailers to make the transition a success
“After an extensive
review of the major California cannabis distributors, we determined that HERBL
was best positioned to scale with PLUS and reliably deliver product to
retailers at the lowest cost,” said Jake Heimark, Co-founder & CEO of PLUS.
“One of our goals at PLUS is to put our products on every shelf at an
affordable price, and we believe HERBL is the perfect partner to help us reach
that goal. Their substantial market reach and world class management team give
us confidence that they will help PLUS further solidify our position as the
largest cannabis-infused gummies brand in California.1”
HERBL is a leader
in the California market with active distribution to over 600 licensed
retailers across the state, 240 more locations than the 360 licensed retailers
in which PLUS cannabis-infused edibles are available today.
PLUS has an
internal sales team of fifteen individuals working directly with HERBL’s team
to ensure a quick and efficient transition for the Company’s current retail
partners, and to open new accounts moving forward.
PLUS, as a part of
this transition, has entered into a settlement agreement with Calyx dated
December 9, 2019, which addresses, among other things, the termination of the
distribution arrangement between the two parties. In accordance with the terms of the settlement
agreement, the Company has arranged with HERBL to take responsibility for
distributing the Company’s branded products inventory currently held by Calyx.
Additionally, a qualified third party will assist in the collection of a
portion of outstanding accounts receivable associated with the sales of PLUS
branded products by Calyx. PLUS has also agreed to forbear any claims against
Calyx and its parent company, Nutritional High, through June 5, 2020.
Green Cures &
Botanical Distribution, Inc. (OTC: GRCU) a manufacturer, wholesaler and
distributor of hemp and CBD-infused nutritional, sports, body care and
alcoholic spirits products, announced the development of its new CBD
Cocktail Infusion line of products that will be marketed and sold in tandem
with Hollywood Green Botanical Vodka.
Last
week, Green Cures announced the Alcohol and Tobacco Tax and Trade Bureau
(“TTB”) granted its Certificate of Label Approval (COLA) for Hollywood Green
Botanical Vodka. Samples of the premium
botanical vodka are currently being evaluated by a number of national
distributors that were eagerly awaiting final label approval. The company is in advanced discussions with a
particular national spirits distributor that covers over 35 states.
The
company is excited to announce the development and upcoming launch of
Full-Spectrum CBD Cocktail Companions which have been developed to be infused
with alcoholic beverages. This new line
of CBD products is unique to any on the market today. Most CBD based products are presented as an
oil which does not mix well in water or beverages. Additionally, the flavor is typically
overwhelming as full-spectrum CBD concentrate has a strong, earthly
profile. Green Cures’ custom flavored
CBD Cocktail Companies are emulsified which renders the oil water dispersible
which infuses perfectly into any beverage.
Green
Cures has developed the new CBD Cocktail Companies under the Hollywood Hemp
brand and include flavors: Cosmopolitan,
Lemon Ginger, Cherry Lime Rickey and Orange Kush. Each tincture will include 300mgs of full-spectrum
CBD in doses of 5mg per serving. The
company plans to market nationally to beverage distributors and online.
President
Joe Tragesser stated, “We’re thrilled to bring our CBD Cocktail Companions to a
market eagerly looking to infuse CBD with alcoholic beverages. There are no other CBD products on the market
today that are custom flavored and water dispersible into any alcohol or
non-alcoholic beverages. We intend to
market our first four CBD Cocktail Companions alongside Hollywood Green Botanical
Vodka which will be available with all our distributors.”
Canopy Growth
Corporation (TSX: WEED) (NYSE: CGC) invites you to attend the official ribbon
cutting to celebrate the return of chocolate to the former Hershey factory in
Smiths Falls. Canopy Growth's partnership with international award-winning
Hummingbird Chocolate supports the production of world-class chocolate in the
Company's new state-of-the-art chocolate factory.
In
the coming months, Canadian consumers will have the opportunity to experience
cannabis in a variety of different flavours and formats, as part of Cannabis
2.0. Thanks to the ground-breaking work of Canopy Growth' s innovation team,
the Company is poised to lead the industry in bean-to-bar cannabis-infused
chocolate.
Media
are invited to join Canopy Growth President Rade Kovacevic, Member of
Parliament for Lanark- Frontenac- Kingston, Scott Reid, Member of Provincial
Parliament for Lanark-Frontenac-Kingston Randy Hillier, His Worship Shawn
Pankow, Mayor of Smiths Falls and Hummingbird Chocolate founders Erica and Drew
Gilmour, as they deliver remarks.
Event Details
Date: Friday,
December 13, 2019
Time: Event
begins at 12:00 pm EST. We recommend that you arrive at 11:30am for
registration.
Location: Tweed
Visitor Centre - 1 Hershey Drive, Smiths Falls, Ontario
RSVP: If
you're planning on attending, please RSVP to Caitlin O'Hara (Caitlin.ohara@canopygrowth.com) by 9 am ET on December 13th
Investor ideas
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