Investor Ideas #Potcasts #Cannabis
News and Stocks on the Move: Weekend Unlimited (CSE: $POT.C) (OTCQB: $WKULF), Aurora Cannabis (NYSE:
$ACB) (TSX: $ACB.TO), Flower One Holdings
(CSE: $FONE.C) (OTCQB: $FLOOF), SOL Global (CSE: $SOL.C) (OTCQB: $SOLCF)
and SLANG Worldwide (CSE: $SLNG.C)
Delta,
Kelowna, BC- March 7, 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/03071POT-WKULF-ACB-FONE-FLOOF-SOL-SOLCF-SLNG.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 Weekend
Unlimited USA Inc. (CSE:
POT) (OTCQB:
WKULF), Aurora Cannabis Inc. (NYSE:
ACB) (TSX:
ACB), Flower One Holdings Inc. (CSE:
FONE) (OTCQB:
FLOOF), SOL Global Investments Corp. (CSE:
SOL) (OTCQB:
SOLCF) and SLANG Worldwide Inc. (CSE
SLNG).
Weekend Unlimited USA Inc. announced that
recent acquisition, VBC Brands, under the CHAMP Energy brand, will sponsor
"The South by Southwest® (SXSW®) conference & festival," taking
place on March 12-13th in Austin, Texas.
SXSW® dedicates itself to helping creative people achieve
their goals. Founded in 1987 in Austin, Texas, SXSW® is best known for its
conference and festivals that celebrate the convergence of the interactive,
film, and music industries. An essential destination for global professionals,
the event features sessions, showcases, screenings, exhibitions, and a variety
of networking opportunities. SXSW® proves that the most unexpected discoveries
happen when diverse topics and people come together.
Aurora Cannabis Inc. today
provided an update on its strategic investment in Choom
Holdings Inc. (CSE:
CHOO), an emerging consumer cannabis company
that has secured one of the largest retail networks in Canada. Since Aurora
completed its $27 million investments in the Choom private placement on June
18, 2018, and the convertible debenture offering on November 5, 2018, Choom has
successfully achieved a number of its strategic growth initiatives.
Choom has completed the build outs of 17 retail locations
across Western Canada and has 8 additional retail locations currently under
construction. In all cases, these retail opportunities
are subject to all the necessary provincial regulatory
approvals.
"Choom has demonstrated a strong commitment to
rapidly executing its strategic growth plans by developing a sophisticated
retail channel across Western Canada while diversifying their operations
through further expansion into Ontario," said Terry Booth, CEO of Aurora.
"Through our strategic investment, we have helped to expedite Choom's
commercial launch while gaining valuable insights into the consumer decision
making process which has helped to shape our product allocation and in-store
marketing initiatives. I'd like to congratulate Choom on their success to date
and look forward to the upcoming projects that the team continues to work on as
they roll out their unique retail brand experience across Canada."
Flower One Holdings Inc. announced a new
long-term licensing agreement and partnership with leading cannabis technology
and hardware brand, Grenco Science. California-based Grenco Science are
pioneers in the cannabis hardware space, responsible for engineering the
advanced technology behind the internationally-available and ever popular G Pen
line of cannabis vaporizers. Flower One is now licensed to sell, distribute and
integrate G Pen's proprietary, innovative hardware with new cannabis products
from its diverse portfolio of Brand Partners.
"Flower One is pleased to partner with a leading
provider of cannabis hardware, and to welcome G Pen to our growing portfolio of
Brand Partners," said Ken Villazor, President and CEO of Flower One.
"This exciting partnership will allow us to further expand our cannabis
offerings in the Nevada market while introducing new cannabis products, through
our brand partners, that are supported by G Pen's vaporizing technology."
SOL Global Investments Corp. announced that
it has signed a binding letter of intent to acquire three tracts of
agricultural property totaling 568 acres of land in the States of Tennessee and
Kentucky for the cultivation and production of raw hemp biomass. The Company
will assign the agricultural property to its hemp/CBD-focused subsidiary,
Heavenly Rx Ltd. The properties will be directly managed by Heavenly portfolio
company Blühen Botanicals LLC, an industry-leading hemp biomass processing and extraction
company headquartered in Knoxville, Tennessee.
Under the terms of the LOI, Heavenly will acquire a total
of 420 acres of agricultural property in McMinn County, Tennessee, and 148
acres of agricultural property in Whitley County, Kentucky. The properties were
specifically selected in areas prized for their temperate climates and ideal
environmental conditions for both greenhouse and outdoor growing. Blühen will
manage the farms pursuant to a farm management agreement to ensure that the
highest quality standards are met while also maintaining EuGMP certification
protocols.
The properties will allow Heavenly to fill future national
or international orders using its own farms and supply agreements, a key
development in Heavenly's strategic plan to become a vertically-integrated
leader in the hemp and CBD marketplaces.
Also included in the farm and supply agreements will be
set terms for contract farming in Tennessee and Kentucky at highly favorable
market rates. The first year of contract farming is expected to produce a
projected 500,000 lbs. of hemp biomass, which will in turn produce a multitude
of high quality, hemp-derived CBD products. The cost of biomass production
under the Blühen contract farming agreement is expected to be significantly lower
than the average price paid per pound of biomass in 2018, allowing Heavenly and
Blühen to realize higher total margins for their hemp and CBD products.
"This acquisition allows Heavenly to solidify its
position as a vertically-integrated leader in the emerging hemp and CBD
marketplace," said Joe Fox, CEO of Blühen. "Blühen looks forward to
leveraging its numerous relationships with farmers across the southeastern
United States as the company becomes an increasingly vital part of the national
hemp and CBD supply chain."
SLANG Worldwide Inc., a leading cannabis consumer packaged
goods company, announced a new
strategic partnership with Southern Development Holdings to offer its branded
cannabis products to patients across Puerto Rico. Pursuant to the partnership,
SDH has been granted an exclusive license in Puerto Rico to the SLANG product
suite, including its category-leading products O.penVAPE, :Pressies, District
Edibles, Bakked, and Magic Buzz.
SLANG's products will be produced in SDH's
state-of-the-art GMP facility and distributed and sold broadly in medical
cannabis dispensaries throughout Puerto Rico. SLANG will receive royalty
payments for each SLANG branded product sold in Puerto Rico, with sales
expected to begin in Q2 2019.
The Company's entrance into Puerto Rico represents its
second major market expansion initiative in Q1 2019, following its previously
announced partnership with Florida-based Trulieve. Today, consumers can
purchase SLANG's branded products in more than 2,600 retail stores across 11 US
states.
Puerto Rico has one of the highest number of medical
cannabis patients per capita of the US territories, with over 59,000 patients
and 71 dispensaries, as of February 2019 per the Puerto Rico Department of
Health. Beyond its existing network of patients, Puerto Rico also offers
reciprocal dispensary access to out-of-town visitors who hold active medical marijuana
licenses from qualified state programs, as well as online registration for
those interested in obtaining a medical cannabis permit.
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