Wednesday, 15 December 2021
Wednesday, 8 December 2021
Tuesday, 7 December 2021
Thursday, 2 December 2021
Investor Ideas #Potcasts 616, #Cannabis News and #Stocks on the Move; Interview with Becky Postar COO of HDCS (Higher-Risk Deposit Compliance Solutions)
Investor Ideas #Potcasts
616, #Cannabis News and #Stocks on the Move; Interview with Becky Postar COO of HDCS (Higher-Risk
Deposit Compliance Solutions)
Delta, Kelowna, BC, December 2, 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/2021/120221-StocksToWatch.mp3
Read this in full
at https://www.investorideas.com/news/2021/cannabis-potcasts/12021Interview-HDCS.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 Investorideas interviews Becky
Postar, the COO of HDCS (Higher-Risk
Deposit Compliance Solutions), where we discussed the recent move from JP
Morgan to no longer trade in OTC Cannabis stocks, industry banking compliance
today and how it is evolving as well as how banking for the cannabis sector is
expected to evolve and expand with growing demand and regulatory changes.
Becky
is a veteran banking officer of 20 years who has extensive experience in
business development, lending, and compliance training for multiple banks. She
has deep domain expertise in BSA, AML, KYC and the evolving cannabis
regulations.
When
asked about HDCS as well as her background in the industry Postar commented,
“HDCS is a full-service boutique consulting company. Our clients are financial institutions that
either are banking higher risk industries (primarily cannabis and crypto) or
want us to assist with the implantation of a higher-risk compliance program. We
are passionate about guiding financial institutions through the processes of
implementing a risk-focused compliance banking program, including the beginning
steps of research, to implementation and supporting the financial institution
through regulatory examinations, and not just depository services but lending
as well.”
Postar
continued, “I am the COO of HDCS and I am a veteran banker with over 20 years
of experience including both community and big banks with experience in
internal audit, creating and implementing training programs, commercial credit
underwriting and commercial lending. Most recently, I moved into cannabis
banking and have become a subject matter expert in the cannabis industry
specifically around laws, regulations and legislation.”
When
asked about how the recent announcement from JP Morgan has affected HDCS and if
there has been any positives or negatives as far as attracting new clients,
Becky commented, “Uhm, a little bit of both. This could mean even less FIs are
entering the cannabis space but it does solidify why an FI would want to look
into hiring a consulting firm like mine. I am zero % surprised by the
announcement and here is why: This is a net new industry. We do not have the long-term data that we
have on other industries that spans over decades. Some are saying we are
approaching a bubble, not only in the US but another one in Canada, so the
timing for the announcement from JPMorgan is not surprising.”
Becky
continued discussing some of the larger risks and issues facing the cannabis
industry today such as , “Not a lot of large institutions welcome cannabis
related businesses and for most CRBs companies they find it difficult to find
companies willing to work with CRB and when they do, the pricing is much
higher. For example: crop insurance, 401(k) plans and other benefits for their
employees, Armored car services and additional expenses on security and
competing against the black market.”
The
discussion of Federal legislative change continues to hang over the industry,
and in regards to realistic expectations Postar commented, “with the changes in
the Senate as a result of the last election, I thought we would see banking
reform. The SAFE Banking Act of 2021 has bipartisan support to pass, but key
Democrats won’t release it to let it have its time on the floor because they
are demanding broader reform. Most
Americans support reform, but it is going to take some more work to get key
Republicans on board. And how can we do
that? We could start by passing the
research bills that are in Congress and banking reform. Look at alcohol
prohibition, change doesn’t happen overnight so we should pass what we can pass
while working on broader reform.”
Postar
continued, “I mentioned earlier that there will always be a banking shortage
for the cannabis industry, and here’s where we sit today according to the FinCEN Marijuana Banking Update date June
30, 2021: 706 financial institutions filed Marijuana
Related SARs comprised of 518 Banks and 188 Credit Unions with 202,734 total
SARs filed. You compare that to June 30, 2017 with 318 Banks and 50 Credit
Unions and 28,651 total SARs filed. It is safe to say less than 700 financial
institutions have active cannabis banking programs as some of these over
200,000 filings are “Termination” SARs from financial institutions that do not
wish to bank the industry. Me and others in the industry believe this number to
be closer to 200 or less.”
Becky
went on to discuss some of the current banking compliance issues facing the
industry today and how she sees changes on the horizon as well as HDCS’s recent
webinars on the cannabis industry and what many clients are looking for
guidance on.
To find
out more information regarding HDCS visit their website here.
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.
Learn more about
our cannabis podcasts at https://www.investorideas.com/Audio/Potcasts.asp
To hear more
Investorideas.com
podcasts visit: https://www.investorideas.com/Audio/.
The
Investorideas.com podcasts are also available on iTunes ( Apple Podcasts)
, Audible , Spotify, Tunein, Stitcher,
Spreaker.com, iHeartRadio , Google
Podcasts and most audio platforms available.
Potcasts is now a certified
word mark Trademark on the blockchain through Cognate, Inc. CM
Certification-Registration Number: 10468217708
About Investorideas.com - News that Inspires Big
Investing Ideas
Investorideas.com
publishes breaking stock news, third
party stock research , guest posts and original
articles and podcasts in leading stock sectors. Learn about investing in stocks and get investor ideas in cannabis, crypto, AI and
IoT, mining, sports biotech, water, renewable energy, gaming and more. Investor
Idea’s original branded content includes podcasts and columns : Crypto Corner , Play
by Play sports and stock news , Investor Ideas Potcasts
Cannabis News and Stocks on the Move podcast ,
Cleantech
and Climate Change , Exploring
Mining , Betting
on Gaming Stocks Podcast and the AI
Eye Podcast.
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 investing involves risk and possible losses. This
site is currently compensated for news publication and distribution, social
media and marketing, content creation and more. 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. Contact management and IR of each company directly
regarding specific questions.
More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other
news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com Global investors must adhere to
regulations of each country. Please read Investorideas.com privacy
policy: https://www.investorideas.com/About/Private_Policy.asp
Investor Ideas does not condone the use of
cannabis except where permissible by law. Our site does not possess,
distribute, or sell cannabis products.
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Get more Cannabis Stock Investor Ideas – news, articles, podcasts and stock directory
Wednesday, 1 December 2021
Investor Ideas #Potcasts 615, #Cannabis News and #Stocks on the Move; Interview with President & CEO of Flora Growth Corp (NASDAQ: $FLGC)
Investor Ideas #Potcasts
615, #Cannabis News and #Stocks on the Move; Interview with President & CEO
of Flora Growth Corp (NASDAQ: $FLGC)
Delta, Kelowna, BC, December 1, 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/2021/120121-StocksToWatch.mp3
Read this in full
at https://www.investorideas.com/news/2021/cannabis-potcasts/12011Interview-FLGC.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 Investorideas interviews Luis
Merchan, President & CEO of Flora Growth Corp. (NASDAQ: FLGC), where we discussed the recent
move by JP Morgan to stop trading on some cannabis stocks and how this impacts
the industry, how Flora Growth has developed as an international cannabis
company as well as how the industry is expanding internationally.
Luis Merchan, President and CEO of Flora Growth Corp., is a New
York & Miami-based executive with over a decade of proven experience in
enterprise sales management, corporate strategy, merchandising and expense
management, and customer experience. During Luis’ term as Flora CEO, the
company has added over 10,000 new investors, went public on the Nasdaq in May
2021, and now organized to support a portfolio of organic cannabis-based
products rapidly growing through acquisitions and partnerships.
Flora Growth Corp most recently signed a licensing agreement with luxury goods brand Tonino Lamborghini to sell cannabidiol-infused beverages in North America and Colombia.
The two companies will first launch
coffee infused with cannabidiol (CBD), a non-psychoactive compound of cannabis
that has found increased use as a relaxative.
"The cannabis market represents
a very interesting niche and we intend to offer a different luxury
experience," Tonino Lamborghini Chief Executive Officer Ferruccio
Lamborghini, whose grandfather founded the supercar brand, said in an email. He
added that his company has been in the coffee sector for over 30 years, with a
line of premium espresso blends.
Tonino Lamborghini is not affiliated
with the carmaker, now a unit of Volkswagen, but run by members of the
Lamborghini family.
Merchan discussed some of the
company’s other more recent announcements such as the recent acquisition of 100% of Vessel Brand Inc. for aggregate consideration of US$30M, consisting
of a combination of cash and the issuance of Flora common shares, their agreement with SHOWFIELDS to feature its two skincare brands, MIND Naturals
and Awe (Ô), at its flagship location in South Beach, Miami, as well as through
its online store as well as their agreement with with GlossWire to feature its two skincare
brands, MIND Naturals, and Awe (Ô), on GlossWire's digital beauty marketplace.
Flora Growth is the operator of one
of the largest outdoor cannabis cultivation facilities and Flora leverages
natural, cost-effective cultivation practices to supply cannabis derivatives to
its diverse business divisions of cosmetics, hemp textiles, and food and
beverage.
When asked about Flora’s production
coming out of Colombia, Merchan commented, “when you compare North American
cannabis cultivators to those of cultivators along the equator, you’re talking
about a cost efficiency comparison of about twenty-five times. Colombia has a
seasonless geography and an agricultural know-how that has existed for decades.
Cannabis is considered a specialty cut flower and in the 1990’s there was a
boom in specialty cut flowers South America and Colombia became the number one producer of cut flowers in
the world and that is still true today. It is one of the number two
exporters of flowers in the world and 70% of all the flowers that come into the
U.S. come from Colombia. When you combine these factors, agricultural know-how,
geography and cost, you’re able to reach production costs that cannot be
compared with North America. At Flora we have reached a production cost of
$0.06 per gram for dried flower, compared to over $1.00 from North American
counterparts. It’s important to highlight that we are also doing so with the
highest standards of quality, GACP certified, observing organic practices which
will help us become a global cannabis player in the short term.”
Merchan went on to discuss how he
expects this industry to evolve both internationally and domestically in the
U.S., how the company’s acquisition of Vessel is expected to strengthen Flora’s
growth and development and how specifically Flora has helped separate
themselves from some of their competitors.
Visit www.floragrowth.com
or follow @floragrowthcorp on social for more information.
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.
Learn more about
our cannabis podcasts at https://www.investorideas.com/Audio/Potcasts.asp
To hear more
Investorideas.com
podcasts visit: https://www.investorideas.com/Audio/.
The
Investorideas.com podcasts are also available on iTunes ( Apple Podcasts)
, Audible , Spotify, Tunein, Stitcher,
Spreaker.com, iHeartRadio , Google
Podcasts and most audio platforms available.
Potcasts is now a certified
word mark Trademark on the blockchain through Cognate, Inc. CM
Certification-Registration Number: 10468217708
About Investorideas.com - News that Inspires Big
Investing Ideas
Investorideas.com
publishes breaking stock news, third
party stock research , guest posts and original
articles and podcasts in leading stock sectors. Learn about investing in stocks and get investor ideas in cannabis, crypto, AI and
IoT, mining, sports biotech, water, renewable energy, gaming and more. Investor
Idea’s original branded content includes podcasts and columns : Crypto Corner , Play
by Play sports and stock news , Investor Ideas Potcasts
Cannabis News and Stocks on the Move podcast ,
Cleantech
and Climate Change , Exploring
Mining , Betting
on Gaming Stocks Podcast and the AI
Eye Podcast.
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 investing involves risk and possible losses. This
site is currently compensated for news publication and distribution, social
media and marketing, content creation and more. 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. Contact management and IR of each company directly
regarding specific questions. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our
other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com
Global investors must adhere to regulations
of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp
Investor Ideas does not condone the use of
cannabis except where permissible by law. Our site does not possess,
distribute, or sell cannabis products.
Follow us on Twitter https://twitter.com/Investorideas
Follow
us on Facebook https://www.facebook.com/Investorideas
Follow
us on YouTube https://www.youtube.com/c/Investorideas
Download
our Mobile App for
iPhone and Android
Join
our Investor Club https://www.investorideas.com/membership/
Contact Investorideas.com
800
665 0411
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