Investor
Ideas #Potcasts; #Cannabis News and #Stocks on the Move; (NYSE: $ACB) (TSX: $ACB.TO), (TSXV: $NRTH.V) (TSXV: $NDVA.V), (CSE: $TFC.C) (CSE:
$CURA.C)
Delta, Kelowna, BC, February 3, 2020 (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/2020/cannabis-potcasts/02031ACB-NRTH-NDVA-TFC-CURA.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), the Canadian company defining the
future of cannabis worldwide, announced that its Aurora River production facility,
located in Bradford, Ontario, has received European Union Good Manufacturing
Practice certification. EU GMP certification is granted to companies whose
production facilities demonstrate a high degree of quality and consistency in
their manufacturing procedures and is a requirement for the export of medical
cannabis products into most European markets.
In
addition, Aurora announced that it has received all the necessary approvals
from local regulators in Germany for sales of its medical cannabis products,
following a temporary sales suspension on certain products in December 2019.
Aurora will fulfill existing sales orders from inventory currently held in
Germany, ensuring local patients will have immediate access to medicine from
their preferred pharmacy.
"Aurora
is leading the development of medical markets across Europe and around the
world," said Terry Booth, CEO of Aurora. "The EU GMP certification of
our River facility further validates our strategy focused on purpose-built
facilities, designed and constructed exclusively for the production of
high-quality, pharmaceutical grade cannabis. I congratulate our team on
successfully working with regulators and licensing bodies to ensure Aurora's
facilities and products are in accordance with local and international
standards that will allow for greater access to the highest quality medical
cannabis products to patients who need them."
Designed
for large scale, high quality production, Aurora River has a cultivation
capacity of 28,000 kg per year across its 17 fully-planted, independently
climate-controlled grow rooms. The EU GMP certification of Aurora River enables
the Company to allocate both a greater quantity of dried and extracted product
to international markets as well as introduce new products grown and produced
in the facility. To date, Aurora has received EU GMP certification for 3 of its
10 Canadian production facilities. Aurora River joins Aurora Mountain, located
in Mountain View County, Alberta with a production capacity of 4,800 kg a year,
and Aurora Ridge located in Markham, Ontario with a production capacity of
7,000 kg a year, in achieving this important certification.
48North Cannabis
Corp. (TSXV: NRTH) announced that it has signed an exclusive
curation partnership with a new online gifting platform, Thoughtfull™, a
creation of Indigo Books & Music
Inc. (TSX: IDG).
Thoughtfull
is a new online gifting platform designed to make finding a meaningful gift
easy. Aiming to transform the way in which Canadians discover and select gifts,
Thoughtfull recently unveiled its beta version and is currently available in
the Greater Toronto Area. Under the terms of the partnership, 48North will be
responsible for curating an offering of cannabis-related accessories for the
Thoughtfull platform. 48North will be Thoughfull's exclusive cannabis partner,
leveraging their trusted consumer brand and relationships within the industry
to curate an array of premium cannabis accessories.
At
launch, 48North's accessories line F8 and recently announced female friendly
cannabis accessories brand, Sackville & Co., will be available on the
Thoughtfull site.
"Partnering
with brands is critical to breaking down the stigma around cannabis. 48North
applauds Thoughtfull for embracing the Canadian cannabis industry. Robust
distribution is of paramount importance to the success of 48North and this
partnership will be responsible for introducing Canadian adults to the 48North
brand. Partnering with companies like Thoughtfull is critical to our long-term
goal of becoming Canada's most beloved and accessible cannabis brand,"
said Kirsten Gauthier, CMO of 48North.
Indiva Limited (TSXV:NDVA) (OTCQX:NDVAF) announced that it has received its edibles,
extracts and topicals sales licence from Health Canada. This approval enables
the Company to deliver extracts, capsules and its portfolio of award-winning
edibles to Canadians.
“To
say we are excited to receive this sales licence is an understatement,” Niel
Marotta, Indiva’s President and Chief Executive Officer, said. “This sales
licence is transformational for Indiva as it allows us to enter new markets and
product categories and distribute products nationally. We believe that
delivering Canadians truly exceptional and innovative products is our calling
and through that passionate pursuit, we can normalize cannabis use. There are
millions of Canadians who would like to consume cannabis, but prefer to avoid
smoking. Indiva intends to be the solution for those consumers by providing
chocolate, sugar, salt, fruit chews and more. We look forward to fulfilling
existing purchase orders and having our products available to consumers, on
shelves and online, at the earliest opportunity.”
Indiva
intends to immediately ship products to provincial wholesalers including
Ontario, Nova Scotia, Alberta, Saskatchewan, Manitoba and British Columbia. The
first edible products coming to market are the award-winning Bhang® Milk and
Dark Chocolate bars. These sustainably-sourced and fair-trade chocolate squares
contain 10 mg of THC and are scored into four pieces, so they are perfect for
sharing. Additional products, including Bhang® CBD Chocolate bars, will be
available later in 2020.
Trichome Financial
Corp.
(CSE: TFC) provided an update on its lending activities
as it continues to build a diversified portfolio of income-generating secured
loan transactions across the cannabis value chain in Canada and the United
States.
"The
addition of Heritage and Cresco to our portfolio continues our disciplined
approach to constructing a diversified and complimentary portfolio of secured
loans to companies operating in all aspects of the cannabis industry. These two
loans provide our shareholders with attractive contractual returns on both an
absolute and risk-adjusted basis and complement our existing loans to premium
cultivators James E. Wagner and Good Buds," commented Michael Ruscetta,
CEO of Trichome Financial.
Given
the near-term operational and financial headwinds facing many operators in the
cannabis sector, the current capital raising environment provides Trichome
Financial with a robust opportunity set from which to select, underwrite and
execute secured loans with attractive contractual payments and other forms of
additional consideration that may meaningfully increase return profiles. Specifically, the Company is focused on
opportunities such as:
●
Financing the roll-out of retail locations
in Ontario, Canada's largest population base with 14.5 million people and only
28 stores today and growing by up to 20 per month commencing in March;
●
Working capital and growth capital for
select operators with defensible businesses in both Canada and the US;
●
Leveraging our expertise as the U.S. market
becomes a larger part of our focus;
●
Financing for opportunistic and strategic
M&A designed to capitalize on current industry dynamics; and
●
Capital for restructurings, recapitalizations,
and other situations where a viable business exists but for the availability of
capital.
"The
business plan for Trichome Financial was predicated upon both the structural
growth opportunity of the cannabis industry globally as well as the countercyclical
opportunities that naturally arise with high growth and nascent
industries," said Michael Ruscetta. "Our team has never been as busy
as they are today as we continue to build our reputation as a preferred
financing partner to the cannabis industry while being an effective steward of
capital for our shareholders."
Curaleaf Holdings,
Inc. (CSE: CURA) (OTCQX: CURLF), a leading vertically integrated
cannabis operator in the United States, announced that it closed the transformational
acquisition of Select on February 1. With the completion of the acquisition,
Curaleaf solidifies its stance as the largest cannabis operator in the U.S. in
terms of operational and wholesale footprint, including 53 open dispensaries,
and positions the Company well for its next phase of growth.
Curaleaf's
acquisition of Cura Partners, Inc. ("Cura"), owners of the Select
brand, includes Select's manufacturing, distribution, marketing and sales
operations marketed under the Select brand name, including all intellectual
property.
"The
close of the Select deal is a major milestone in Curaleaf's history and marks
an unprecedented phase of growth for our company," said Joseph Lusardi,
CEO of Curaleaf. "As we've scaled, Curaleaf has pioneered the U.S.
cannabis industry, and we're incredibly excited about the future and our
leadership role in it. Our entire organization is focused on accelerating our
growth as a combined company with two of the fastest growing cannabis brands in
the country."
The
closing provides tremendous opportunities for synergies as it combines
Curaleaf's national retail locations, vertically integrated structure, wellness
brand, product range and East Coast hub with Select's wholesale model,
established lifestyle brand and leading West Coast market presence.
The
news comes on the heels of Curaleaf's acquisition of the Acres Cannabis
vertical operations in Nevada, and the awarding of preliminary retail and
processing licenses in Utah.
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