Investor Ideas #Potcasts: #Cannabis News and #Stocks on the Move
(TSXV: $OGI.V) (TSX: $VFF.TO) (NASDAQ: $VFF) (CSE: $NTAR.C) (OTC: $PURA)
Delta, Kelowna, BC –May 20,
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/05201OGI-VFF-NTAR-OURA.asp
Today’s podcast overview/transcript:
Good
afternoon and welcome to another episode of Investorideas.com “potcasts”,
looking at cannabis news, stocks to watch as well as insights from thought
leaders and experts.
In
today’s podcast I look at a few early announcements.
Organigram Holdings
Inc. (TSX-V: OGI) (OTCQX: OGRMF), the parent company of
Organigram Inc., a leading licensed producer of cannabis, announced a $15 million investment commitment in a
high-speed, high-capacity, fully-automated production line with ability to
produce an estimated 4 million kilograms of exceptional chocolate cannabis
edibles per year. Organigram expects to take delivery of the line in the fall.
In
addition to its sheer capacity, adaptability to anticipated future growth of
the domestic and international chocolate edibles markets, the line is expected
to allow Organigram's product development team to introduce chocolate
innovations unique not only to the cannabis industry, but to the chocolate
industry as a whole.
"Over
the last number of years, Organigram has become known for its best-in-class
cannabis production facility and high-quality products," says Greg Engel,
CEO, Organigram. "With this investment, we will soon also be known for our
world-class chocolate production capability."
The
full Organigram chocolate offering that is under development is expected to be
supported by a carefully curated collection of partners and suppliers identified
for their own global expertise and unwavering commitment to quality. The
investment will contribute to a state-of-the-art chocolate moulding line and a
fully integrated packaging line, that includes advanced engineering, robotics,
high-speed labeling and automated shipping carton packing.
Village Farms
International, Inc. (TSX:VFF) (NASDAQ:VFF) today announced that its 50%-owned joint venture for
large-scale, low-cost, high-quality cannabis production, Pure Sunfarms, has
received a Standard Processing License from Health Canada for its 1.1 million
square foot Delta 3 greenhouse facility.
The
Processing License permits Pure Sunfarms to extract and process cannabis at the
Delta 3 facility, which will enable the development and manufacture of products
derived from the cannabis plant, including cannabis oil, as well as
concentrates and edibles. Pure Sunfarms
will require an additional amendment to its sales license to sell cannabis oil,
which it expects to be distributing to provincial/territorial distributors and
private retailers by the fourth quarter of this year.
"Receipt
of our Processing License is a critical step in the execution of our product
development strategy, allowing us to expand beyond dried flower into the
production of cannabis oil for the current legal recreational market, as well
as to develop a wide range of products for the expected legalization in Canada
of concentrates and edibles for recreational use in October 2019," said
Mandesh Dosanjh, President and Chief Executive Officer, Pure Sunfarms. "Importantly, the Processing License
permits Pure Sunfarms to store cannabis oil on site at Delta 3, which will
allow us to purchase oil from external extractors for production of
concentrates and edibles ahead of having our own extraction operations in
place, which we continue to target for this year."
The
Processing License is one of two regulatory steps required for Pure Sunfarms to
begin selling directly to provincially/territorially authorized distributors
and private retailers, with the other being an amendment to Pure Sunfarms'
existing sales license to permit the sale of dried products to these retailers
(sometimes referred to as a "packaging license"). Pure Sunfarms continues to expect to receive
the requisite amendment to its sales license during the second quarter of 2019.
"With
its Processing License in hand and the amendment to its sales license expected
shortly, Pure Sunfarms should soon begin selling its own branded packaged
product directly to the Ontario Cannabis Store under its existing supply
agreement, as well as to finalize supply agreements with other provincial
boards and private retailers," said Michael DeGiglio, CEO, Village Farms
International. "While spot market
pricing for sales to other licensed producers to date has been quite
favourable, direct sales to the provincial boards and private retailers is
expected to generate meaningfully higher margins, as Pure Sunfarms' is reaching
its full run-rate annual production of 75,000 kilograms at its Delta 3 facility
mid-2019. Moreover, with its existing
supply relationship with another licensed producer transitioning to improved
terms at the end of this year, Pure Sunfarms will have a significantly larger
proportion of its production available for sale to the provincial boards and
private retailers, with ongoing sales under that producer relationship expected
to generate higher margins due to a the change from fixed to market pricing."
Puration, Inc. (OTC: PURA) and Kali-Extracts
(OTC: KALY) today announced wrapping the Arnold
Sports Festival in Johannesburg, South Africa featuring their EVERx CBD Sports
Water. KALY is a PURA partner with a
patented cannabis extraction process licensed to PURA and instrumental in the
production of EVERx. PURA management has declared trade show a success with an
initial order landing South Africa as the latest region where PURA now sells
EVERx CBD Sports Water. PURA will
publish a report on the trade show tomorrow to include details on the latest
order coming out of the trade show.
EVERx
was officially launched for the first time ever at the Arnold Classic in
Columbus, Ohio in 2017, and now EVERx expands its presence at the Arnold Sports
Festival events worldwide. EVERx is now
an official sponsor of Jan
Tana’s Body Painting Revolution
featured globally at Arnold Sports Festival venues.
Jan
Tana's Bodypainting Revolution, A colorful and artistic event, returned to The
Arnold in South Africa for the second straight year in 2019 after a spectacular
recent production at the Arnold
Classic Sports Festival in Columbus, Ohio.
The
Arnold Sport Festival hosts multi-sport festivals on six-continents each year,
including the Arnold Classic Africa, which takes place in Johannesburg,
Gauteng, each May. The Arnold Sports Festival USA is held in Columbus, Ohio in
March, followed by events in Melbourne, Australia, Brazil, Hong Kong and Spain.
All events feature professional bodybuilding and related contests, amateur
bodybuilding, strength and combat sports, a large health and fitness expo and
youth events that vary from continent to continent.
NexTech AR
Solutions (OTCQB: NEXCF)(CSE: NTAR) today announced the roll out of their ARitizeTM
App with a Budweiser-branded augmented reality activation to commemorate the
25th anniversary of Toronto’s Budweiser Stage. Budweiser selected NexTech’s
ARitize™ app to trigger an augmented reality experience which is activated when
pointing the phone at a 25th anniversary Budweiser can. Starting today, May
20th, 2019, NexTech will be running a social media driven contest giving away
season tickets to the Budweiser stage which will be featuring over 60 acts
including, Lenny Kravitz, Bryan Adams, Lionel Ritchie, Mary J. Blidge, Adam
Sandler, Jimmy Buffett, Wiz Khalifa, Blink 182, Iron Maiden, Beck, Game of
Thrones Live, and many more.
The
ARitizeTM App, available on both Apple and Android mobile devices, uses advanced 3D imaging
technology to create engaging augmented reality experiences. Available to both
brands and individuals, the app allows users to tell their stories through
curating a branded channel of interactive activations that enhance existing
content, materials and goods. With a low entry cost for mass deployment via
mobile phones, ARitize™ App experiences are consistent across all existing
content mediums.
“We’re
excited to be launching our ARitizeTM App with an activation for a
well-respected brand like Budweiser and showcasing how augmented reality can
enhance customer engagement,” said Evan Gappelberg, CEO of NexTech. “Our app
allows brands to curate an immersive, branded experience where they can sell,
teach, communicate and share their product, service or experience through
Augmented Reality (AR) that is accessible on a device all consumers use
regularly - their mobile phone.”
As
part of the anniversary celebrations, fans will be prompted to download the
ARitizeTM App when purchasing limited edition cans of Budweiser, available
throughout Ontario, to gain access to an immersive brand experience and enter a
contest to win Budweiser Stage season tickets. Upon launching the Budweiser
activation within the app and aiming their device’s camera at one of the
special-edition cans, users will see different visuals, which they are
encouraged to capture and share on social media as their entry into the
contest. This Budweiser activation creates a significant footprint of usage of
NexTech’s AR solutions Aritize™ app within Canada.
Brands
who implement augmented reality experiences are likely to see higher
conversions. A recent study from Digital Bridge found that 74
percent of consumers
expect retailers to offer an augmented reality experience, while Daymon reports
that 72
percent of consumers
said they have purchased something they were not planning to after experiencing
it through AR.
NexTech
has built its AR and AI eCommerce platform as an affordable, scalable,
customizable, and most importantly, easy solution to integrate within an
existing web interface, making NexTech one of the leaders in the rapidly
growing AR industry, estimated to hit $120 billion by 2022 according to Statista.
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