Investor Ideas #Potcasts; #Cannabis News and #Stocks on the Move: (TSX: $RIV.TO) (OTC: $CNPOF) (TSXV: $HVT.V) (OTCQX: $HRVOF) (NASDAQ: $SNDL)

Investor Ideas #Potcasts; #Cannabis News and #Stocks on the Move: (TSX: $RIV.TO) (OTC: $CNPOF) (TSXV: $HVT.V) (OTCQX: $HRVOF) (NASDAQ: $SNDL)

Delta, Kelowna, BC –September 10, 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 potcasts^CM - cannabis news and stocks to watch plus insight from thought leaders and experts.

Listen to the podcast:

https://www.investorideas.com/Audio/Podcasts/2019/091019-StocksToWatch.mp3

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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 we look at a few early announcements.

But first, CannabCo Pharmaceutical Corp., a Canadian company located in Brampton, Ontario, announced an agreement with an undisclosed technology provider to deploy an advanced cannabis technology for the production of near odourless cannabis. This is an industry first and a product the company claims is sorely needed in the marketplace.  Upon receiving its license from Health Canada, CannabCo will have exclusive rights to deploy the technology for use in its Canadian production.

Originally developed for the medical market and dubbed "PURECANN", the technology was designed to eliminate much of the harshness of smoking cannabis by consumers without losing any of its properties.  "Cannabis by its nature when burnt, typically causes coughing and is very heavy when inhaled, which is especially true for new users." Commented Mark Novak, Cannabco's COO.  "The technology when deployed eliminates much of the harshness of smoking cannabis in its dry form allowing the process of using cannabis far more tolerable while retaining the essential properties".

The technology also virtually eliminates odour typically associated with cannabis, both when packaged and stored prior to use, also during the time it is smoked.  "When we saw the technology in action and the end result, we realized there were a number of potential markets associated with the use of PURECANN", said President and CEO Mark Pellicane, "There are no third-party gadgets, or devices on the part of the user, the end result is pure cannabis that doesn't smell".

Fully compliant with GMP standards, the company intends to utilize the technology for production of products distributed to the medical and recreational markets.  "Imagine someone going outside for a break during the day, having their afternoon cannabis and coming back without any odour attached to their clothing or coat." commented Pellicane.  "A woman can carry cannabis in her purse without having the odour concentrated or leaking out in her handbag.  A number of users, and people that are around cannabis smokers, complain about the smell especially in enclosed areas, condos, and apartments, and this technology addresses those concerns."

"Over the last two years we've observed product being processed with the system and we were given the opportunity to provide feedback and suggestions for the refinement of the process. We have been incredibly pleased with the results" said Novak.  "In using this technology CannabCo will be able to produce a wide variety of products currently not in the marketplace, addressing a key market segment that currently does not exist."

The tech company has the following claims associated with implementing PURECANN:

●     Virtually undetectable odour of dry product during storage

●     Greatly reduced cannabis odor (virtually undetectable) during combustion

●     Reduces harshness resulting in a very smooth smoke on combustion

●     May be used to produce a "connoisseur" product for a unique market segment

●     Less residual heavy feeling "day after effect" associated with smoking cannabis

CannabCo is currently raising capital, constructing its pilot facility in Brampton, Ontario, and has received a Confirmation of Readiness notification from Health Canada for their pending cannabis license.  Cannabco intends to implement the PURECANN technology upon completion of licensing by Health and intends to produce a number of product lines addressing key segments in the medical and recreational markets.

Cannabco also recently announced the intention to deploy PHOENIX technology for its indoor grow operations reducing cannabis production costs to under $.50 per gram.  "We intend to allocate a portion of product cultivated with PHOENIX for the manufacture of specialty products using PURECANN", confirmed Novak.

The company has not yet decided if it will apply the technology in the form of third party services for processing cannabis supplied from other Canadian producers however when asked, Pellicane commented "It's a new technology and works hand in hand with PHOENIX, so there is a significant advantage applying it to a portion of our cultivated product, however we have not ruled out processing for other LP's and nothing is currently off the table."  Cannabco currently maintains exclusive rights to deploy the technology for its Canadian cultivation and manufacturing operations.

Canopy Rivers Inc. (TSX: RIV) (OTC: CNPOF), announced that its portfolio company Herbert Works Ltd. has received its research and development (R&D) licence from Health Canada to develop branded cannabis-infused beverages.

"This announcement represents a significant milestone for Herbert Works as the company continues to move quickly toward the development of exceptional and widely appealing THC-infused beverages," said Narbe Alexandrian, President and CEO of Canopy Rivers. "It's a timely achievement, as the next wave of cannabis legalization in Canada will unlock these new product offerings in a matter of months. We believe that Herbert Works is in a prime position to capitalize on the growth opportunities that 'Cannabis 2.0' presents for consumers that are eager to try cannabis in different formats."

Herbert Works' mission is to combine advanced technology with its knowledge and appreciation of the experience-enhancing properties of cannabis to create products specifically designed around consumers' many lifestyle needs. Canopy Rivers currently holds 23% of the equity of Herbert Works on a fully diluted basis (excluding a control warrant). For more information regarding Canopy Rivers' investment in Herbert Works, please refer to the Company's annual information form dated July 15, 2019 filed with the Canadian securities regulators and available on the Company's profile on SEDAR at www.sedar.com.

Harvest One Cannabis Inc. (TSXV: HVT) (OTCQX: HRVOF), through its wholly-owned subsidiary United Greeneries Ltd. announced that, on September 6, 2019, it obtained an amendment to its licence from Health Canada which will allow for the sale of cannabis oil products.

Receiving a cannabis oil sales licence from Health Canada is a significant milestone for Harvest One as we prepare formulations for the next wave of cannabis products in Canada. New product development is currently at an advanced stage through licensed third-party partners and we will be launching a variety of vape and infused products when regulations come into effect later this year. The licence also enables the Company to commence initial sales of cannabis oil products to provincial and private retailers in British Columbia, Ontario, Saskatchewan and Manitoba.

"Securing our cannabis oil licence from Health Canada is another key step in the evolution of Harvest One as we get ready for the next stage of legalization" said Grant Froese, Chief Executive Officer of Harvest One. "We are looking forward to launching infused products across all of our brands including Royal High, Satipharm, Dream Water and LivRelief™."

The Company's existing Health Canada approved non-cannabis based products such as Dream Water and LivRelief™ provide a unique differentiator for Harvest One. Those existing products position the Company well to be an early entrant into the derivatives market in Canada. When legal, Harvest One will release new THC- and CBD-infused versions of these brands, which products have already been developed by our formulation team.

Sundial Growers Inc. (NASDAQ: SNDL) announced it has added British Columbia (BC) to the growing list of provinces it supplies high-quality cannabis to.

"As Sundial is expanding quickly, making our products available in BC, where there is a strong and enthusiastic cannabis culture, is exciting, " said  Andrew Stordeur, President of Sundial's Canadian operations. "BC is eager to receive safe, reliable and consistent products, and we are pleased to be able to provide our Sundial products to meet consumer needs."

Earlier this year, Sundial and the British Columbia Liquor Distribution Branch (LDB) signed an agreement enabling Sundial to sell its cannabis products in BC. Consumers are now able to purchase Sundial products through LDB's online store or through traditional legally operating retail stores. The LDB is the sole wholesale distributor and retailer of non-medical cannabis in BC.

Sundial's initial entry into the BC market will be with its Sundial brand. This brand offers five product lines: Calm, Ease, Flow, Lift and Spark. Each product line is carefully crafted using small batches and nurtured by master growers to create a consistently high-quality cannabis that evokes a positive consumer experience.

Under Sundial's Calm product line, Zen Berry, an indica-dominant Shishkaberry strain will be the first Sundial product available to BC consumers. More products are expected to arrive this fall from the company's Lift product line, such as Lemon Riot and Citrus Punch.

Sundial is also the proud owner of premium cannabis brands, Top Leaf and BC Weed Co.,  and hopes to make these products available to the BC market in the future. These brands are recognized throughout the industry and supported by award-winning cultivars and loyal consumers.

Sundial's products are currently available in Alberta, Saskatchewan, Manitoba and Ontario.

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#Cannabis Companies Winning in Las Vegas - Industry Growth In #Nevada (OTC: $GOHE) (CSE: $PLTH.C) (OTCQX: $PLNHF) (CSE: $GGB.C) (OTC: $GGBXF) (CSE: $GTII.C) (OTC: $GTBIF)

Point Roberts, WA and Delta, BC - September 10, 2019 (Investorideas.com Newswire) Investorideas.com, a leading investor news resource covering hemp and cannabis stocks releases a snapshot reporting on the Nevada cannabis market and how specifically, Las Vegas is drawing in more consumers and driving more businesses.

Read this in full at https://www.investorideas.com/news/2019/cannabis/09102Winning-LasVegas.asp

In recent sector news it’s been reported that Nevada’s cannabis industry has given more than $100 million in taxes and fees to the state for the first time since recreational marijuana became legal in 2017.

For the fiscal year 2019, dispensaries, cultivators, laboratories and producers have paid over $109 million, according to a September 4, 2019 release from the Nevada Dispensary Association.

NDA says that $99.18 million was paid in taxes, up nearly $25 million from 2018.

“These sales and tax figures are a milestone that should be celebrated by the people of Nevada,” said Riana Durrett of the Dispensary Association. “It shows that the public and visitors to Las Vegas from around the nation are becoming more comfortable purchasing cannabis and the industry is improving its ability to serve the public.”

Las Vegas is also now home to one of the preeminent cannabis conferences, MJBizCon, which is one of the largest gatherings of cannabis business professionals. Ranked as the fastest-growing trade show in the United States, it has grown to over 27,000 attendees since it started in 2012, with an expected 35,000 attendees for the upcoming show taking place December 11-13, 2019 at the Las Vegas Convention Center in Las Vegas.

Global Payout Inc. (OTC: GOHE) and its wholly owned subsidiary MTrac Tech Corporation announced that the Company has expanded its Las Vegas operations office by acquiring office space directly adjacent to the office MTrac has utilized as the hub for its operational team for more than a year.

The significant growth surge the Company has experienced this year onboarding and servicing some of the largest retail and delivery service companies in the cannabis industry has led the Company to strategically add talented new members to its operations support team at a steady, yet effective rate over the last several months. As a result, the Company was thrilled to take advantage of an opportunity that became available to them to acquire additional office space in the adjoining unit to their current office.

“Growth is always an exciting thing to experience as a company,” said Global Payout COO, David Flores. “The core of our team has been intact since we first began our mission of cornering the payment processing sector in the cannabis industry over a year ago, and they have done a phenomenal job managing and contributing to this impressive influx of business. However, as we continue to expand, and as the overall demand for our solution continues to push towards new heights, it is critical that our team is able to successfully meet the needs and demands of a growing client base to ensure that our pledge for exceptional service is never compromised. This expansion provides us with much-needed flexibility to sensibly and efficiently add key members to our operational support staff who are vital in managing the day-to-day responsibilities involved with running our business effectively.”

“The location of the MTrac office is strategic for our headquarters, only a few miles from the airport, adjacent to the Las Vegas strip and in a prime real estate location near the new stadium. Recent renovations were done to the building and MTrac will have a live demo area where clients can come experience the ease of the system in the coming months.”

Planet 13 Holdings Inc. (CSE: PLTH) (OTCQX: PLNHF), a leading vertically-integrated Nevada cannabis company, recently announced that it served an average of 2,027 customers per day in August at an average ticket of $90.25 from the Planet 13 Las Vegas Cannabis Entertainment Complex.

“The highly competitive Las Vegas market ‘The SuperStore’ continues to dominate based on the strength of the customer experience and the unique entertainment it offers," said Bob Groesbeck, Co-CEO of Planet 13. "Over the rest of the year we will continue to rollout new and exciting restaurants, stores and attractions allowing customers to eat, shop, and play all under one cannabis inspired roof."

The company also recently reported second-quarter revenues of $16.5 million, up by 275% year-over-year.

Green Growth Brands Inc. (CSE: GGB) (OTC: GGBXF) recently announced the closing of its acquisition of Henderson Organic Remedies, LLC (The+Source Henderson), which was previously disclosed on December 14, 2018. The+Source Henderson is the second The+Source dispensary operated by GGB in greater Las Vegas. The productivity of The+Source Henderson is similar to that of The+Source Las Vegas.

"The+Source Henderson has been under our management for the last nine months," said Peter Horvath, CEO of Green Growth Brands. "In that time, we have grown revenue, transactions and gross margin by double digits. Our ability to significantly improve top performing dispensaries, in a market that has seen a significant uptick in competition, is a testament to our expertise in retail operations."

The formal acquisition of the company brings GGB's Las Vegas assets to two The+Source locations, one production facility, two cultivation facilities and seven licenses to operate dispensaries awarded by the Nevada Department of Taxation.

Green Thumb Industries Inc. (CSE:GTII) (OTC: GTBIF), a leading national cannabis consumer packaged goods company and owner of Rise™ and Essence retail stores, recently reported its financial results for the second quarter ended June 30, 2019.

Second quarter 2019 revenue increased 228% year-over-year to $44.7 million while quarter-over-quarter revenue increased 60%, a record sequential growth for GTI. Revenue growth was driven by organic growth across the Company’s consumer products and retail businesses, strategic acquisitions and increased store traffic.

“We are pleased to report another solid quarter of positive yet disciplined momentum with record revenue and positive adjusted operating EBITDA as our strategic plan delivers on operating efficiencies from scale. Continued execution of key priorities such as the closing of Integral Associates, accelerated store openings, and expanded distribution of our brand portfolio sets us up well for the future,” said GTI Founder and Chief Executive Officer, Ben Kovler.

“We are deep in the chapter of maximizing the levers in our business to drive long-term operational performance that delivers value for our shareholders and the communities in which we operate,” Kovler continued. “We are focused on optimizing our wholesale and retail businesses, integrating our acquisitions, and further strengthening compliance across the organization. We are pleased to see many of these efforts are already bearing fruit as we head into the second half of 2019 and I want to thank our team for all of their hard work.”

On June 5^th, GTI successfully completed the acquisition of Integral Associates LLC, with integration efforts and synergies progressing on schedule. The acquisition added two cultivation and processing facilities in Las Vegas, supporting expanded wholesale distribution of GTI’s branded products portfolio in Nevada.

Following the closing of the acquisition of Integral Associates on June 5^th, the company’s co-founders Armen and Alex Yemenidijian joined GTI as President and Director, respectively. Armen was the co-founder and CEO of Integral Associates, Nevada’s leading operator and was previously the Chairman of the Board and Chief Executive Officer of Tropicana Las Vegas Hotel & Casino, Inc. and Chairman of the Board and Chief Executive Officer of Metro-Goldwyn-Mayer Inc.

Las Vegas has been well known for its tourism industry and as a greater number of tourists and locals begin to feel more comfortable with the legal cannabis market, and as the market evolves and becomes more efficient, the city and state are creating a huge draw for the cannabis sector. Whether it’s already established MSO’s or celebrity endorsed businesses such as Mike Tyson’s Ranch, Vegas is now starting to bear the fruits of a maturing cannabis industry and many are taking note, just waiting to take a bite. 

For investors following cannabis stocks, Investor Ideas has created a stock directory of publicly traded CSE, TSX, TSXV, OTC, NASDAQ, NYSE, ASX Marijuana/Hemp Stocks

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Investorideas.com is a recognized news source publishing third party news and press releases plus we create original financial content. Learn about investing in stocks and  sector trends  from Investorideas.com with our news alerts , articles , podcasts and videos  talking about cannabis,  crypto,  technology including  AI and IoT , mining ,sports biotech, water, renewable energy and more . Investorideas.com original branded content includes the daily Crypto Corner and Podcast, Play by Play sports and stock news column, Investor Ideas #Potcasts #Cannabis News and Stocks on the Move podcast and column,  Cleantech and Climate Change Podcast and  the AI Eye Podcast and column covering developments in AI. 

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Disclosure: this news article featuring GOHE is a paid for news release on Investorideas.com – third party (two thousand) 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

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Disruptive #Cannabis #Payment #Tech Solutions-(OTC: $GOHE) (TSX: $LSPD.TO) (CSE: $PLTH.C) (OTC: $PLNHF) (CSE: $AGRA.C) (OTC: $AGFAF)

Disruptive #Cannabis #Payment #Tech Solutions-(OTC: $GOHE) (TSX: $LSPD.TO) (CSE: $PLTH.C) (OTC: $PLNHF) (CSE: $AGRA.C) (OTC: $AGFAF)

Point Roberts WA, Delta, BC – September 10, 2019 - Investorideas.com, a leading investor news resource covering hemp and cannabis stocks releases a snapshot reporting on banking and payment issues in the cannabis industry in both the US and Canada, and some of the new payment solutions coming to market aiming to address these issues.

Read this in full at https://www.investorideas.com/news/2019/cannabis/09101PaymentSolutions.asp

In recent news, Arizona began looking to FinTech and stablecoin to help solve the payments problem faced by the cannabis industry. According to a recent announcement from the State’s Attorney General, digital token startup ALTA “has been approved to enter Arizona’s FinTech Sandbox,” making it the seventh participant in the innovative program.

“ALTA is a private financial services ‘club’ using money transmission services and digital asset technology aimed at providing a cash management solution for licensed medical marijuana providers and vendors. ALTA uses digital tokens to allow members to safely transfer cash. ALTA allows those tokens to be redeemed for cash and the value of the token never fluctuates,” the announcement said.

As one recent analysis put it, “Cryptocurrency accounts and transactions are anonymous, an additional benefit to customers who don’t want their marijuana purchases known.” Not only that, but “digital assets provide for the immediate settlement of funds, or when combined with blockchain technology provides for nearly instantaneous validation of all transactions, as opposed to waiting hours or days for a credit card payment to post.”

Global Payout Inc.’s (OTC: GOHE) subsidiary company, MTrac Tech Corporation is a software technology, sales and marketing, and business development company focused on “high risk” and “high cost” industries. The Company’s flagship product is the MTrac payment platform offering a full-service solution with technology offerings including Payment Platform, Blockchain, Compliance, POS, E-Wallet, Mobile Application and Digital Payment Solutions.

The Company today reported, “For the better part of the past several months the Company has been fully engaged in a two-year audit as part of a key and necessary requirement to effectively complete its Form-10 filing and provide the Company with the fully reporting status that management has been eager to achieve since assuming control of the Company in June of 2018.  Since April of this year, the Company has been working in collaboration with Albeck Financial Services, Inc. to review and reconcile the Company’s financial records from the last two years in preparation to be turned over for review and audit by M&K CPAS, PLLC, one of the final steps required prior to filing the Form-10. And while the Company admits that at times this process has been painstakingly intricate and complex, it is both pleased in the progress that has been made and recognizes the overall significance it will provide in helping Global Payout establish a strong financial foundation that it believes will be pivotal in fostering its anticipated growth and expansion over the next several years.”

“We have approached this process of reconciling our financials with extreme care and prudence as we understand how important achieving fully reporting status is to the company,” said Global Payout COO, David Flores. Filing our Form-10 remains at the very top of our agenda given the credibility and transparency it will afford us. The filing is a vital component to establish Global Payout and MTrac Tech as legitimate powerhouses in the cannabis and fintech market sectors and we will continue to work diligently on its completion.”

The Company said it anticipates releasing additional updates as it relates to this ongoing audit and as it gets closer to filing its Form-10.

Not only are we seeing payment issues in the cannabis industry, but also in the emerging hemp/CBD space. Entering the public market, Lightspeed POS Inc. (TSX: LSPD), one of the TSX’s most notable IPO’s this year, is known as a disrupter in the payment industry. Lightspeed® POS software has been a major provider of much needed organization and productivity to the CBD market by managing customers, inventory and employees all in one easy system.

According to a report on payments, “Lightspeed® has been around since 2013 and is a merchant favorite with over 50k users. Now, with the regulation changes on hemp oil, CBD merchants can now take advantage of this amazing POS system. CBD businesses are now able to move out of the shadows and flourish along with the growing public demand for their products.”

Continued: “Lightspeed® allows you to integrate to iPad POS Systems, mobile credit card readers and computer desktops. Bring your CBD shop into the 21st century and provide the comfort and convenience customers have come to expect.”

In other recent news, some retailers have found innovative new approaches to dealing with these payment problems. In one example, credit card statements will show that a purchase was made at the “Midgrun Eats LLC Food Truck, not at the Blüm Marijuana Dispensary,” the Reno Gazette-Journal reports.

“It’s not even a back door, it’s more like an upper window,” Jeremy Skaff of Colorado-based Journey Business Solutions told the newspaper. Skaff is a marijuana business financial advisor.

The label allows Blüm to take credit cards in an industry that is typically cash-only. “The more options that you give people to pay, the more business you’re going to get. No one carries cash anymore,” Skaff told the news outlet. No other dispensaries in Nevada’s Washoe County take credit cards except the six Blüm shops.

Size also matters in this young industry, as according to one recent report, Planet 13 Holding’s 13,000-square-foot legal retail dispensary in Vegas includes a “pizzeria and coffee house to attract customers who don’t partake in the now-legal herb.” Not only that, but “it offers an Apple Store-like atmosphere, with sleek modern decor, digital projections and motion-sensor displays, and friendly associates toting iPads.”

Planet 13 Holdings Inc. (CSE: PLTH) (OTC: PLNHF) also recently announced that the Cannabition Cannabis Museum has entered into a lease with Planet 13 to be part of the Las Vegas Cannabis Entertainment Complex.  Cannabition previously operated a 10,500 sq. ft. cannabis-themed immersive art museum in Las Vegas featuring more than 20 unique, cannabis inspired installations that celebrate the art, culture and history of the medical and recreational cannabis experience. For more details on Cannabition please visit https://cannabition.com. To view Cannabition's plans for the SuperStore please visit here.

"Cannabition's multi-level immersive cannabis art museum fits perfectly with the SuperStore mission to create an interactive and differentiated cannabis-based experience," said Larry Scheffler Co-CEO of Planet 13. "The SuperStore's addition of a Café, Pizzeria, event center, customer facing production facility and now Cannabition, will continue to cement the SuperStore's reputation as a one-of-a-kind shopping and entertainment destination in Las Vegas; creating an experience that no dispensary in the world can replicate."

J.J. Walker, Founder of Cannabition added, "The SuperStore, which already hosts over 3,000 cannabis enthusiasts per day, is the perfect location to bring Cannabition to a huge new audience and to be a part of the premier cannabis destination in the world. Our interactive cannabis-themed art museum has been featured on CNN, Conan O'Brian, and CNBC and I know Planet 13 visitors will love our immersive exhibits, innovative event space and curated retail store."

The lease is for a five-year term, with an option to extend for an additional three years. As of the date of this press release, the anticipated size of the Cannabition premises is 7,000 square feet.  Although the final opening date remains subject to obtaining regulatory approvals in Nevada, the parties anticipate that the facility will open in Q2 of 2020.

The cannabis cash and payment problem is not only limited to the US, as a similar problem exists in Canada, where pot is legal across the entire country, but where the reluctance of US-based financial institutions and payment service providers is also felt.

While this lack interest from US financial institutions may be felt, it hasn’t slowed the ambitions of Canadian companies such as AgraFlora Organics International Inc. (CSE: AGRA) (OTC: AGFAF), a growth oriented and diversified international cannabis company, who recently provided some licensing guidance and operational updates pertaining to the Company’s 2,200,000 square foot Delta Greenhouse Complex.

The Company’s Phase 1 retrofit of its flagship Delta Greenhouse Complex is comprised of approximately 431,000 square feet of cultivation/processing expanse, including over 130,000 square feet of net flower canopy and is estimated to produce 15,000,000 million grams of premium cannabis annually. With the completion of PSC's Phase 1 retrofit, the Company's current annual projected output of dried flower is approximately 160,000 kg including 2020 forecasted production at its purpose built AAA Heidelberg craft cannabis cultivation facility. In addition, AgraFlora anticipates the successful recapture of over 1,000,000 grams of premium cannabis trim to be manufactured into ancillary value-added cannabis products on an annualized basis.

AgraFlora worked with experienced security and licensing consultants at 3|Sixty Secure to obtain consulting services and produce the attestation package for the license application. 3|Sixty’s consultants are industry experts who have worked directly with more than 60 per cent of Canadian LPs and ensure their clients’ attestation packages meet the highest standards possible.

Brandon Boddy, Chairman and Chief Executive Officer of AgraFlora stated, “The successful submission of our Evidence Package to Health Canada is a momentous milestone in AgraFlora’s evolution towards the cultivation of premium, genetically characterized cannabis under 2.2 million square feet of glass at our world-class Delta Greenhouse Complex. Based on the most recent timelines from Health Canada, AgraFlora anticipates the award of a standard cultivation license within six to eight weeks.”

AgraFlora projects that Phase 1 of the Delta Greenhouse Complex retrofit will be completed on or before October 31^st, 2019 and upon receipt of a standard cultivation license, in accordance with the Cannabis Act and Regulations, expects to immediately import a portfolio of high-end cultivars under a declaration from Health Canada. As a result of extensive deliberations with PSC and its industry consultants, the Company's internal forecasts indicate that the inaugural harvest at its Delta Greenhouse Complex will occur within the first quarter of 2020.

Until the passing of the proposed Safe Banking Act, which the US House of Representatives is expected to vote on in the coming weeks, both US and Canadian cannabis companies will have to continue to rely on innovative payment solutions utilizing fintech and blockchain technologies. Furthermore, while the Safe Banking Act would provide much needed institutional support, the retail segment of the industry may continue to rely on these new payment technologies as they provide not only safe/secure payment methods but also advanced data analytics which has become a highly valued commodity to the industry.

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