Investor Ideas #Potcasts #Cannabis News and Stocks on
the Move: (TSXV: $BEER.V), (CSE: $SOL.C), (OTCQB: $SOLCF), (CSE: $HITI.C) (CSE:
$CROP.C), (OTC: $CRXPF)
Delta,
Kelowna, BC –February 27, 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 edition
of Investorideas.com potcastsCM - 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/02271BEER-SOL-SOLCF-HITI-CROP-CRXPF.asp
Today’s podcast overview/transcript:
Good
afternoon and welcome to another Investorideas.com “potcast”, looking at
cannabis news, stocks to watch as well as insights from thought leaders and
experts.
Today
we are looking at announcements from Hill Street Beverage Company (TSXV: BEER), SOL Global Investments Corp. (CSE: SOL) (OTCQB: SOLCF), High Tide Inc.(CSE:HITI) and CROP INFRASTRUCTURE CORP. (CSE: CROP) (OTC: CRXPF).
Hill
Street Beverage Company has signed a national agreement with Lifford Cannabis
Solutions Inc., who will be responsible for the sales and distribution of Hill
Street's cannabis-infused beverage portfolio in Canada.
Lifford's
sales team will be responsible for maximizing the number of locations where
Hill Street's cannabis-infused beverage portfolio is sold, and ensuring the
Company's products are prominently featured in government-owned and independent
dispensaries across Canada. By some estimates, there are expected to be over
500 such dispensaries by the time cannabis-infused beverages are expected to
become legal later this year. As partial consideration to Lifford, Hill Street
will issue to Lifford, $100,000 worth of Common Shares of Hill Street at a
deemed price per share equal to $0.1921, which the parties have determined to
be equal to the 10-day volume weighted average price of the Common Shares as of
February 22, 2019. The issuance of the
Consideration Shares is subject to the approval of the TSX Venture Exchange.
"We're
leveraging our experience building award-winning alcohol-free wine and beer
brands to create extraordinary cannabis-infused beverages, providing consumers
with healthier and safer alternatives to alcohol," said Doug Taylor,
Executive Vice President of Sales and Distribution at Hill Street. "Having
the talented Lifford Cannabis Solutions team representing Hill Street will help
ensure our portfolio is readily available for sale in Canada's emerging retail,
online, and food service channels in the coming years."
SOL
Global Investments Corp. announced the close of its latest investment in
European Cannabis Holdings, a group of companies helping to shape the future of
cannabis in Europe.
European
Cannabis Holdings is comprised of industry-leading assets including Prohibition
Partners, the world's leading provider of market research and strategic
consultancy in the cannabis industry; Cannabis Europa, the premiere medical
cannabis conference for business leaders and medical professionals;
Nooro/Budca, two leading CBD brands; The Academy of Medical Cannabis, a
first-of-its-kind cannabis education platform for medical professionals; The
Medical Cannabis Clinics, a chain of private UK clinics specializing in
innovative cannabis-based therapies and prescription cannabinoids; and Astral
Health, a platform that facilitates medical cannabis imports into Europe.
The
newly-acquired ordinary shares bring SOL Global's total position in ECH to
approximately 19.4% of the total issued and outstanding ordinary shares of ECH.
"The
investment by SOL into ECH is a great opportunity for two of the leaders in the
global cannabis industry to form a strategic link," said Brady Cobb, CEO
of SOL Global. "SOL remains a key global player in the new and exciting
cannabis field and ECH is the clear leader in the important European market.
The future is bright for both companies.”
High
Tide Inc., an Alberta-based downstream cannabis corporation focused on the
manufacturing and wholesale distribution of smoking accessories and cannabis
lifestyle products, today announced that it has been licensed to open its
tenth Canna Cabana retail store, which is located at 11032 Elbow Drive SW in
Calgary, Alberta. Having met all municipal business requirements, the Elbow
Drive Store is approved to sell smoking accessories and cannabis lifestyle
products while the temporary suspension of incremental cannabis retail
licensing (the "Moratorium") by Alberta Gaming, Liquor and Cannabis
(the "AGLC") remains in effect.
Following
an appeal of its initial approval in September of 2018, the Elbow Drive Store
recently received a decision in its favour, which allowed High Tide to continue
with the outlet's development and open it for business. "The Elbow Drive
Store is an important win for the Company and for our team members who work
hard to find great retail locations," said Raj Grover, President and Chief
Executive Officer of High Tide. "Obtaining this positive decision reaffirms
our ability to plan strategically and execute well, while also providing an
opportunity for the residents and businesses in the surrounding community to
engage with our employees on the topic of recreational cannabis." added
Mr. Grover. As an area with a high flow
of traffic in and out of central Calgary as well as a diverse retail offering,
this location on Elbow Drive provides excellent exposure for the Canna Cabana
brand.
In
addition to this opening, the Company also recently won an appeal in Edmonton
to convert an existing Smoker's Corner store in a prime area along Jasper
Avenue to a Canna Cabana retail cannabis location. High Tide now has 36 of the
37 AGLC-mandated maximum development permits for its Canna Cabana and KushBar
retail cannabis stores across Alberta and expects to receive the one remaining
development permit in the near future.
High Tide continues to advance its next 26 Canna Cabana locations, which
are under various stages of development and construction. The Company also
continues to work towards the introduction of the Canna Cabana brand to
residents of Saskatchewan and Ontario through its various previously announced
arrangements.
Crop
Infrastructure Corp. announced today it has entered into a purchase and sales
agreement with World Farms Corp. to divest its interests in CROP Jamaica and
XHemplar S.R.L in Italy for CAD$2,000,000 worth of equity in World Farms Corp.
CROP
will be retained as advisors in relation to research and development in plant
science.
The
investment comprises of 10,000,000 common shares in World Farms Corp ('WFC')
and represents a 19% ownership interest in WFC for CROP.
The
XHemplar S.R.L joint venture
facility covers 87,120 square feet. CROP and XHemplar have been working with
Italian agencies to import new and unique, high CBD genetics that are expected
to command premium prices.
CROP
JAMAICA has a five-acre property for the cultivation and extraction of
cannabis. The principal local partner is Greg Douglas. During April to November
2017, Douglas was seconded to Jamaica's Cannabis Licensing Authority (CLA) as
their CEO. While there he issued the first commercial licenses.
CROP
CEO, Michael Yorke, stated: "CROP has divested itself of these two
international operations so that management can remain entirely focused on the
expanding US operations while retaining a passive but strategic investment in
an internationaly focused player offering CROP shareholders additional exposure
to WFC's global growth. The company has invested approximately $100,000 between
the two projects. This represents a 2,000% return on investment for CROP and
its stakeholders.
"The
passing of the US Farm Bill in December 2018 has been a total game changer in
terms of the vast opportunities opening up right now in the US. We firmly
believe in striking while the iron's hot right now on our US doorstep while
maintaining exposure to infantile global opportunities."
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