Investor Ideas #Potcasts
609, #Cannabis News and #Stocks on the Move; (OTCQB: $PHOT), (CSE: $BCBC.C),
(NASDAQ: $ACB), (CSE: $CURA.C) (OTCQX: $CURLF)
Delta, Kelowna, BC, October 29, 2021 (Investorideas.com
Newswire) www.Investoride, as.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:
https://www.investorideas.com/Audio/Podcasts/2021/102921-StocksToWatch.mp3
Read this in full
at https://www.investorideas.com/news/2021/cannabis-potcasts/10291PHOT-BCBC-ACB-CURA-CURLF.asp
Hear Investor ideas cannabis potcast on iTunes
Hear the investor ideas potcast on Spotify
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 public company announcements.
Curaleaf
Holdings, Inc. (CSE:
CURA) (OTCQX:
CURLF), a leading international provider of consumer
products in cannabis, announced
earlier this week that its initial batches of New York whole
flower have cleared testing by third party labs and that sales of three initial
strains began this week with the Company's Newburgh location followed by
Curaleaf's Carle Place, Forest Hills, and Plattsburgh dispensaries.
"Our patients have been waiting
a long time for this day and we couldn't be happier to be able to deliver whole
flower product to all four of our New York locations in the next day or so and
to the majority of our wholesale partners within the month," said Joe
Bayern, CEO of Curaleaf. "Fortunately, we have been preparing for this
moment and we are more than ready with plenty of product for all our New York
locations. We are grateful to Governor Hochul and the OCM for moving this
forward so quickly, and we look forward to robust sales and happy customers. We
appreciate the patience and loyalty of all our patients as we worked toward
this milestone."
Prior to this month, cannabis was
only available to New York patients in ground form, a source of frustration for
many patients who prefer the plant's medicinal applications in its purest and
most natural format.
Curaleaf whole flower will also be
available to the majority of the Company's wholesale partners in the state by
the end of the month, ensuring that the Company maintains its position as the
New York market leader and its product will be available throughout the state.
Aurora
Cannabis Inc. (NASDAQ:
ACB)
(TSX:
ACB),
earlier this week, announced a
manufacturing agreement with The Valens
Company Inc., a leading manufacturer of cannabis products, to manufacture a
new seasonal offering in the mint category.
Launching under Drift Turbo, the Company's mainstream adult-use recreational brand,
the new Canna Cane Mints are a two-piece hard peppermint candy containing 10mg
THC (5mg THC per piece). This is the first product offering under the
manufacturing arrangement, which is expected to expand in the coming months.
"We know that Canadian cannabis
consumers are looking for novelty and variety, and seasonal offerings are a key
approach to strategically expanding our portfolio of adult-use products,"
said Miguel Martin, CEO, Aurora Cannabis. "Valens' exceptional
manufacturing capabilities complement our product line up this upcoming holiday
season. Our strategic relationship is designed to unlock efficiencies as we
seek to bring innovation to market with speed and differentiation that connects
with consumers."
The cannabis edibles will be
manufactured using SōRSE™ by Valens
emulsion technology, a patented, in-house emulsion technology that transforms
cannabis oils into water-soluble forms to infuse foods, liquids and topicals
without the taste or smell of cannabis.
Tyler Robson, Chief Executive
Officer, Co-Founder and Chair of The Valens Company, said, "This is an
important milestone for the Canadian cannabis market as two of the largest companies
in this sector come together. We have admired Aurora for their leadership and
continuing to elevate and challenge industry standards. Our companies share the
same ethos when it comes to bringing the highest quality products to market and
offering a premium experience to consumers."
Aurora's upcoming holiday portfolio
will also include a new 510 vape cartridge launching under the Company's
adult-use recreational brand, Daily Special. The new Cranberry Sauce 1g 510
Vape is a high-THC distillate vape and is infused with the classic sweet-tart
flavour of festive cranberries. Both the Canna Cane Mints and Cranberry Sauce
Vape are limited-time products and will be available for purchase in British
Columbia and Alberta beginning in November. The Cranberry Sauce 1g 510 Vape
will also be available for purchase in the Maritimes.
The
BC Bud Corporation (CSE:
BCBC), a house of high-quality cannabis brands based out of
British Columbia, Canada,
announced a partnership between its in-house craft concentrate
brand, Solventless Solutions, and micro-cultivator Habitat's certified organic
flower brand, Cake and Caviar.
An industry leading partnership, a
first of its kind in Canada, Solventless Solutions will work in tandem with
Habitat's Cake and Caviar to produce farm-to-table premium solventless extracts
using meticulously selected cultivars to be flash frozen immediately after
harvest. Through this innovative collaboration, Solventless Solutions will be
the industry's premium destination for small-scale, chemical-free extraction
with the ability to process biomass from micro-cultivators.
Engaging in the partnership with
Habitat as a superior top shelf flower producer creates a seamless conduit for
Solventless Solutions to begin bringing craft concentrates to the market. The
Company will release concentrates under its house of brands, allowing for the
building and strengthening of new infrastructure and continued relationships
with cultivators. This will also allow the continual research and dynamic development
for Habitat's growing genetic lineup.
"Working with the team at
Solventless Solutions, we are excited to add top shelf rosin products to our
portfolio utilizing our unique genetics. Partnering with experts is crucial in
order for Habitat to continue with its existing micro operations around
cultivation, research and development thus we are grateful for the opportunity
to expand alongside this talented team" commented Rudi Schiebel, CEO of
Habitat.
"The partnership between
Solventless Solutions and Habitat is the first of its kind in the country, and
marks a key pivot point in our mission to expand The BC Bud Co within the
evolving cannabis industry," said The BC Bud Co CEO Brayden Sutton.
"This exciting collaboration is key to our brand focused strategy as we
continue to focus on maximizing shareholder value through relationships and
partnerships."
GrowLife,
Inc. (OTCQB:
PHOT), one of the nation’s most recognized indoor
cultivation product and service providers, announced that it
has entered into an exclusive distribution agreement with the leading mushroom
cultivation equipment supplier in Canada, My
Fungi Inc., whereas the Company will have the exclusive right to market and
distribute its proprietary line of mushroom cultivation equipment throughout
the United States. This marks the Company’s entrance into the expanding
mushroom industry, servicing both B2B and B2C customers, by supplying
hard-to-find essential equipment for mushroom cultivation.
Mushroom cultivation has seen a
significant spike in growth in recent years, with consumer demand for specialty
mushrooms for food, wellness, nutraceutical, and medical purposes exploding.
Mushroom cultivation is extremely specialized and requires specialized
equipment to produce at large-scale. As a leader in cultivation equipment for
the cannabis industry, GrowLife’s progression into offering these products
through its robust network of hydroponic and ecommerce sellers is natural and
aligns with the core competencies of the Company. By offering items such as
liquid culture, blended and sterile substrates, and all in one kits, GrowLife
is now positioned to address the demand for these products throughout the US,
through a consistent supply chain created through the agreement with My Fungi.
“Moving into the mushroom
cultivation equipment space is a natural progression for GrowLife and working
with My Fungi is the perfect illustration of how we are leveraging our long
history of cultivation expertise to bring innovative and high-demand products
to emerging markets,” said Marco Hegyi, CEO of GrowLife. “The founder of My
Fungi, Mr. Dave Auger, is a previous leader of our Canadian operations, and a
long-time friend of GrowLife. Dave has built a strong supply chain for
difficult to obtain equipment such as sterilized substrates which are required
for cultivating food and medicinal grade mushrooms. Having one of the strongest
and only supply chains of these products is a major differentiator for GrowLife
and creates a completely new opportunity for growth for our Company.”
“I am excited to be working with
GrowLife again,” stated Dave Auger, Founder of My Fungi . “Teaming up will
allow My Fungi to expand into the rapidly developing mushroom cultivation
markets of the United States. Sterilization is a significant pain point of
mushroom cultivators, working with GrowLife will ensure that anyone interested
in cultivating mushrooms will have access to the products and support needed to
get growing.”
Beyond the emerging science around
the medicinal benefits of mushrooms, mushrooms for use in food and wellness
products represents a global market size of $46.1 billion in 2020, with the US
being the second largest mushroom consumption market. While consumer demand for
quality mushrooms rises, the supply of necessary growing equipment is becoming
more constrained, fueled further by logistical issues impacting imports at US
Ports. The products that GrowLife will sell through this distribution agreement
are produced in North America, alleviating port issues, and stabilizing the
supply chain to meet this demand.
Investor ideas reminds all
listeners to read our disclaimers and disclosures on the Investorideas.com
website and that 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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