Investor Ideas #Potcasts, #Cannabis News and #Stocks on the Move (TSX:
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Delta, Kelowna, BC –June
26, 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/06262WEED-CGC-ISH-SLNG-OVAT-FIRE.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.
Today we are looking at a few early
announcements.
But first, CannaHorse today announced it will launch the world's first ever
legal cannabis brand dedicated to horse health, providing a plant-based
solution to traditional pharmaceuticals.
Created
for horse people, by horse people, CannaHorse will launch four product lines,
created from specific formulations of cannabis using key cannabinoids and
terpenes to treat ailments common in equine medicine. Product lines will be
targeted to address concerns like pain and inflammation, anxiety/calming,
exercise and surgical recovery, and overall wellness. Discussions are already
well underway with equine competition regulators to provide the data necessary
for cannabis to be viewed as equine medicine.
The
brand has access to a large number of horses and two testing facilities
exclusively for performance tests and clinical trials. The horses are of
varying ages and breeds and are used for both competition and breeding. Both facilities
provide on-call veterinary care and full-time staff.
Dr.
Michael Lindinger, a former University of Guelph professor with more than 25
years of experience and one of Canada's leading nutraceutical experts, will
oversee the trials. Dr. Lindinger has offices in Ontario and Europe. He has led
130 peer-reviewed clinical trials, holds BSc and MSc degrees in comparative
animal physiology and a PhD in medical sciences.
"With
more than 15 million horses in North America and Europe, the equine healthcare
market is a growing billion dollar industry. We recognize the opportunity to
bring the transformative power of cannabis and cannabinoids we see working in
humans and other animals to life for horses," says Warren Byrne, President
of CannaHorse. "Our team has deep knowledge of the equestrian world. We
understand how horses are meant to perform and how to care for them. We are
thrilled with Health Canada's recent announcement about conducting
consultations to allow cannabis health products to be sold outside the current
cannabis framework and look forward to participating."
Canopy Growth Corporation (TSX:WEED) (NYSE:CGC) announced that it has completed a transaction to
acquire Saskatoon-based bio-product extractor KeyLeaf Life Sciences, related
entities, and intellectual property. Canopy Growth has been working closely
with KeyLeaf – formerly known as POS Bio-Sciences – as a trusted partner
building out extraction processes and technology for the past year as it
refines its scale extraction model for Canadian and global markets. As
previously disclosed, Canopy Growth assumed control of KeyLeaf for accounting
purposes in November 2018. As such, KeyLeaf's financial results were
consolidated in the Company's fiscal 2019 financial statements. Through the
transaction the Company is acquiring a large-scale Canadian extraction facility
as well as an extraction-related facility in the United States to support the
Company's U.S. CBD expansion.
With
over 45 years of experience in the canola, nutraceutical, cosmetic, and
bio-product industries, KeyLeaf is a recognized leading authority with
significant intellectual property relating to plant-based extraction and
ingredients. The extensive experience of KeyLeaf's chemists, engineers, and
operators will remain within the organization to further refine the cannabinoid
extraction process and will support Canopy Growth in the design, training,
oversight, and implementation of additional extraction sites around the world.
KeyLeaf has been working closely with
Canopy Growth over the past year to retrofit its Saskatchewan facility to
advance technology development and commercialization, in order to process hemp
and cannabis biomass, and to conduct pre- and post-extraction processes. It is anticipated the facility, which is
currently in the Health Canada licensing process, will be able to process up to
5,000 kg of input materials daily when operational.
Canopy
Growth intends to leverage this facility, along with other owned and partner
extraction options, to process its over 5,000 acres of Canadian CBD hemp
production, over 160 acres of outdoor cannabis production, as well as any
extraction materials outputted from its over 4 million square feet of
greenhouse growing operations. Then it's
off to Smiths Falls to produce the best possible, IP-protected products out
there.
Inner Spirit
Holdings Ltd. (CSE:ISH), a Canadian company establishing a
national network of retail cannabis stores under its Spiritleaf brand, today announced that its first corporate-owned retail
cannabis store in Calgary's downtown Beltline district will be opening today
(Wednesday, June 26) and its second corporate-owned retail cannabis store is
expected to open in Edmonton's Old Strathcona community on Whyte Avenue on
Friday, June 28. The Company also announced that its initial franchised retail
cannabis stores in British Columbia located in Castlegar and Vernon are
expected to open in the coming week.
"We
are extremely pleased to be opening two corporate retail cannabis stores just
before the Canada Day long weekend to serve customers in high-profile locations
in Calgary and Edmonton. Introducing the Spiritleaf brand to the British
Columbia market with franchised stores opening in the communities of Castlegar
and Vernon is another important milestone as we will be the first national
retail brand to accomplish this in the province. I'm proud of our Spiritleaf
team and our ability to open and support the operation of retail cannabis
stores in multiple markets as this illustrates our proven and effective system
of building out stores, training knowledgeable staff and delivering a premium
in-store experience for customers," said Darren Bondar, President and CEO
of Inner Spirit.
The
new Spiritleaf retail cannabis store locations are Spiritleaf Calgary,
Spiritleaf Edmonton, Spiritleaf Castlegar and Spiritleaf Vernon.
SLANG Worldwide
Inc. (CSE: SLNG), a leading global cannabis consumer
packaged goods company with a robust portfolio of renowned brands, has announced a new strategic partnership with licensed
processor Elite Cultivation LLC to offer its branded cannabis products to
patients throughout the State of Oklahoma.
Pursuant
to the partnership, Elite has been granted a license in Oklahoma to produce and
distribute the SLANG product suite in Oklahoma, including its category-leading
products O.penVAPE, Pressies, District Edibles, Bakked, and Magic Buzz. SLANG
will receive royalty payments for each branded product sold in the state.
Oklahoma
legalized cannabis for medical use in 2018 and has seen rapid growth in
licensing activity. More than 138,000
registered patients and 1,500 licensed dispensaries have been approved by the
State as of June 17, 2019. Historical Oklahoma medical cannabis sales topped
$23 million in May 2019, based on recent reports from the Oklahoma Tax
Commission.
"We
are pleased to be able to offer our products to medical cannabis patients in
Oklahoma," said SLANG CEO Peter Miller. "We have demonstrated that we
can be flexible in structuring our relationships with partners as we enter a
new state, depending on the circumstances of the local market. Our expansion
continues to be executed in a very capital efficient manner, with the goal of
growing our branded unit sales."
SLANG's
products will be manufactured by Elite and distributed and sold broadly in
medical cannabis dispensaries throughout Oklahoma. Sales are expected to
commence in the third quarter of 2019, starting with selected vaporizers,
concentrates and edibles, with all SLANG products eventually available for
sale.
Oklahoma
is the fourth new U.S. market SLANG has announced entry into in 2019. The Company has previously established
operations through licensing agreements in Florida and Puerto Rico, and also
anticipates entering the State of Washington pending the completion of a
proposed acquisition, which would extend the Company's U.S. footprint to 13
states. SLANG's goal is to grow its brand share and demonstrate brand
leadership in Oklahoma, as measured by branded unit sales and servings, similar
to its performance in several other markets.
Ovation Science
Inc. (CSE: OVAT), a product development company with a
patented skin delivery technology and twenty-plus years of skincare research
and development, announced that its product under license in the USA,
remains the #1 topical cannabis product sold in Nevada dispensaries.
According
to Headset data, a cannabis analytics company that provides key business
intelligence to the cannabis industry, Ovation Science's transdermal CBD
(cannabidiol) formulation under license again is ranked the #1 selling topical
in Nevada in June by number of units sold according to their latest update.
This follows a previous
announcement that it
ranked #1 in April (and continued to be #1 through-out May).
Ovation's
patented skin delivery technology, Invisicare®, is the backbone of all products
developed by Ovation Science. It provides exceptional topical and transdermal
delivery of CBD and THC to and through the skin; greater than other products on
the market according to the Company's research studies. With five products
already being successfully sold in Nevada dispensaries, the Company looks
forward to future growth to other states by its licensee as well as the launch
of their own product lines in July.
"The
continued #1 ranking of our product in Nevada will be a catalyst to expansion
into other states by our licensee," said Terry Howlett, President of
Ovation. "This will add immediate royalty revenue and shareholder value as
our products will have the opportunity to be offered in significantly more
dispensaries than before." He added, "We also have interest from
potential licensees outside of the USA including Canada and Europe and these
opportunities would give Ovation's products the opportunity for global expansion."
Ovation
products are unique from other infused product companies as the Company
leverages its expertise in the pharmaceutical industry to develop highly
effective, patent-protected products that have the results to prove it. Ovation
products are used for improved wellness, pain management and even anti-aging,
to name a few. Ovation earns revenues from licensing and development fees,
royalties and the sale of Invisicare to its licensees. In addition the Company
will be launching its new line of CBD Beauty products in July in the US both in
the retail market and online.
The
Supreme Cannabis Company, Inc.
(TSX: FIRE) (OTCQX: SPRWF), in partnership with Khalifa Kush
Enterprises Canada ULC, launched KKE Oil, the first product under the KKE
brand line.
KKE Oil is a premium, recreational focused
oil, developed for the consumer who wants the convenience, high THC potency and
precise dosing offered by a cannabis oil. KKE Oils are one of the first ever
recreational-focused cannabis oils available to consumers in Canada. Wiz
Khalifa and the KKE team specifically selected the Supreme Cannabis'
wholly-owned subsidiary, 7ACRES Sensi Star strain for the debut of the line.
"I'm excited to bring our first
products to Canada and launch KKE Oils. They are an awesome, high-in-THC
product that everyone will love," said Wiz Khalifa, principal of KKE.
"This is a legendary moment that will be followed by many more game
changing releases KKE will launch with Supreme Cannabis over the next year.
"We firmly believe that a high-quality
input supports high-quality output and KKE Oil embodies this belief. We are
excited to launch one of the first recreational focused cannabis oils in Canada
with Wiz Khalifa and the KKE team. KKE Oils are easy to consume, effective and
deliver the aromatic terpene profile 7ACRES' Sensi Star is known for. We can't
wait to launch the full suite of KKE products, including KKE Jean Guy Oil,
later this year," said John Fowler, President and Founder of Supreme
Cannabis.
Canada will be the first country outside
the United States to experience KKE branded products. KKE Oil is expected to be
available for purchase in British Columbia and Ontario by the end of the week,
Alberta in early July and released to other Canadian provinces throughout the
year. KKE Oils are the first in a full suite of recreational focused products
expected to be created under the previously announced partnership between Supreme Cannabis and
KKE.
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