Investor Ideas #Potcasts; #Cannabis News and #Stocks on the Move: (CSE:
$CHOO.C), (OTCQB: $CLSK), (TSX: $RIV.TO),
(CSE: $TER.C),
(CSE: $COOL.C),
(OTCQX: $CLABF)
Delta, Kelowna, BC –October 23, 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:
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 of today’s early announcements.
But
first, Province Brands of Canada, a
leading researcher in cannabinoid science and the developer of
first-of-their-kind luxury beverages powered by cannabis, is proud to announce
today the filing of a patent application in the United States (and soon to be
expanded globally) for a novel strain of yeast designed to improve the
Company's first-of-its-kind process for the fermentation of cannabis and help
Province Brands bring the world's first beverages brewed from cannabis (in
place of the seed or fruit of cereal grasses) to market. This is the second patent in progress for
Province Brands of Canada.
The
invention of, a strain of Scheffersomyces (Pichia) stipitis, already on file
with the International Depositary Authority of Canada, is a novel proprietary
technology which will allow the Company to more efficiently convert the stalks,
stems and roots of the cannabis plant into a fermented beverage.
Nearly
every commercially produced brewers' yeast has been specifically engineered to
ferment sugars from seed or fruit of cereal grasses (barley, wheat, rice,
etc.), or pure sugars. Prior to the development of this yeast,
Province Brands of Canada was limited to only working with these commercially
available yeasts and was not able to achieve full fermentation of cannabis
stalks, stems & roots. While it was
still possible for Province Brands to brew delicious beverages using these
commercially available yeasts, costly additional steps were required to remove
unwanted byproducts of the fermentation. A strain of S. stipitis enables Province Brands to achieve a
complete fermentation from cannabis stalks, stems and roots, lowering the
costs, and improving flavor & product quality.
Brewed
beverages containing cannabis are expected to see explosive growth once Canada
becomes the first country in the world to allow for the sale of recreational
cannabis edibles and beverages at a federal level later this year (edibles and
beverages are allowed in certain U.S. States, but not allowed federally). This new proprietary yeast will allow
Province Brands of Canada to more efficiently brew its beverages – which are in
an entirely different category from the competition. Other brewed beverages will be fermented from
barley, grains or sugar and infused with marijuana oil. This process may result in products that are
unpredictable, unattractive and bad tasting.
Province Brands uses no barley, sugar or grains and instead ferments
cannabis plant matter to create the best-tasting, highest-quality brewed
cannabis beverages available.
"The
yeast themselves produce abundant flavor compounds and are signature to a beer.
This technology allows Province Brands to combine traits of yeast cousins to
improve the organoleptic qualities of their beers, produced from cannabis, to
be distinctive and exclusive. I believe that the technology here is
complimentary to Province Brands of Canada's existing collection of
technologies and previous developments," said Dr. Erin Johnson, developer
of the technology.
The
patent application also involves biotechnology that selects and isolates the
proprietary strains of yeast, should allow Province Brands of Canada to create
the best-tasting, highest quality brewed cannabis beverages available.
CleanSpark, Inc. (OTCQB: CLSK), a microgrid company with advanced
engineering, software and controls for innovative distributed energy resource
management systems, today announced it has received an engineering contract as
a result of a previously announced project feasibility study. The engineering
contract is for the creation of an independent and comprehensive power system
for an indoor, controlled distribution cannabis grow facility in California.
The engineering contract is expected to be completed by the end of October.
“The
execution of the engineering contract comes as a result of the successful
feasibility study backed by our mVSO software” said Mr. Zach Bradford,
CleanSpark’s President and CEO. “Our mVSO software was used to determine the
appropriate energy storage, solar PV system sizes, projected utility savings,
capital costs, operations and maintenance costs and a 20-year economic
financial model depicting the project’s return on investment, cash flows and
tax effects. This is a critical part of project analysis and our software
solution helps to determine the overall economics of any microgrid project. Our
analysis showed that this is a feasible and economic project and as a result it
is now moving to the engineering stage with our assistance. We expect
successful completion will lead to additional revenue opportunities for energy
storage procurement and our controller and mPulse Software in the six-figure
range.
Mr.
Bradford continued, “mPulse™ will provide active controls to increase site-wide
performance through real-time decision making based on forecasted power system
needs and optimization of the resources used in the microgrid. mPulse makes the
microgrid intelligent and more efficient, which is what customers will
increasingly demand as the microgrid megatrend continues.”
Mr.
Bradford concluded, “The cannabis industry continues to be one of the prime
market opportunities for our solutions as the remote location of many grow
facilities and large power consumption needs create significant challenges for
the industry. This often makes a microgrid and independent power production the
optimal solution for reliability and scale and presents us with the opportunity
to leverage our products and software in a high growth sector of the market.”
Choom™ (CSE: CHOO) (OTCQB: CHOOF), an emerging adult use cannabis company
that has secured one of the largest national retail networks in Canada, announced that it has secured a Development Permit
for a retail location at 191 W. 2nd Ave, Vancouver BC.
Corey
Gillon, President states, "Choom is thrilled to have secured a location
for Choom's Flagship store in the City of Vancouver, and with it, the
opportunity to bring a Choom retail store to the Olympic Village community of
Vancouver. Initially constructed for the 2010 Winter Olympics, Olympic Village
has transformed into a vibrant and dynamic community, and we're excited to
bring a gold medal retail experience to residents and visitors of this
fantastic community."
The
location has received a development permit and the required Board of Variance
approval from the City of Vancouver to operate a recreational retail cannabis
store. Choom has submitted its application for a recreational retail cannabis
store license to the Liquor & Cannabis Regulation Branch of the Province of
British Columbia.
Canopy Rivers Inc. (TSX: RIV) (OTC: CNPOF), a venture capital firm specializing in
cannabis, and Kindred Partners Inc.,
a specialty cannabis brokerage and services company, today announced a strategic alliance established to
provide mutual benefits to Canopy Rivers, its portfolio companies, and Kindred.
Kindred,
a wholly-owned subsidiary of Breakthru Beverage Group, leverages the deep
experience of its sister company, Breakthru Beverage Canada, in working with
Canadian provincial control boards, public and private regulated cannabis
businesses, licensed producers and retailers to broker regulated cannabis
products for the adult-use market.
"As
we head into cannabis 2.0 and the Canadian cannabis market continues to develop
in a highly regulated environment, we expect that distribution will be one of
the key tenets of success for brands," said Narbé Alexandrian, President
& CEO, Canopy Rivers. "Our strategic alliance with Kindred presents a
valuable opportunity for our portfolio companies to access the expertise and
distribution channels necessary to enable their branded products to thrive.
We're excited to work with Kindred, alongside our portfolio, to unlock the
industry's long-term potential."
The
agreement affords Canopy Rivers' portfolio of current and future licensed
producers access to Kindred's brokerage, marketing, and brand-building
services. Kindred will provide strategic benefits to Canopy Rivers through its
network and team of marketing and branded product experts, insights from
Kindred's industry-leading enterprise resource planning and marketing
intelligence infrastructure, and brokered distribution to Canopy Rivers'
portfolio companies at scale via Kindred's already established national sales
platform.
As
part of the strategic alliance, Julian Burzynski, Regional President of
Breakthru Beverage Canada, has joined Canopy Rivers' recently launched
Strategic Advisory Board. With nearly 30 years' experience in the alcohol
beverage industry, Mr. Burzynski will provide Canopy Rivers with insights
related to beverage brokerage, distribution, and go-to-market strategies.
"This
is a great opportunity to expand our influence in the Canadian adult-use
marketplace and leverage our network to help innovative brands thrive,"
said David Prodanovic, Kindred's General Manager. "We are thrilled to
partner with Canopy Rivers and look forward to collaborating with its portfolio
companies."
TerrAscend Corp. (CSE: TER) (OTCQX: TRSSF) also announced that it has formed a strategic partnership
with Kindred Partners Inc. where
Kindred will serve as the exclusive broker for TerrAscend's adult-use cannabis
products in Canada. The agreement will help bolster distribution and drive
sales for TerrAscend by leveraging Kindred's brokerage, marketing and
brand-building services, as well as its consumer insights and data.
"Our
strategic partnership with Kindred ensures that TerrAscend has direct access to
distribution channels and consumer insights that are critical for our products
to thrive in an evolving cannabis industry, particularly as we head into
cannabis 2.0," said Michael Nashat, CEO of TerrAscend. "We are
looking forward to tapping into Kindred's national network and team of
specialists as we take advantage of the imminent legal sales of
cannabis-infused products."
The
new partnership with Kindred follows a number of important developments for
TerrAscend Canada. The Company recently received Health Canada approval for a
nearly three-fold expansion of licensed space at its EU-GMP certified facility
in Mississauga, Ontario, which will allow for new product formats and extracts
for the adult-use market, as well as expanded distribution opportunities.
Additionally, the Company received an amendment to its license from Health
Canada to allow it to sell cannabis extracts, topicals and edibles. Sales of
TerrAscend's new product formats will begin in December, pending Health Canada
authorization.
TerrAscend
also applauds venture capital firm Canopy Rivers Inc. and Kindred on their
strategic alliance, announced earlier today. TerrAscend is an active
participant in the Canopy Rivers ecosystem, having significant purchase and
supply agreements with other Canopy Rivers portfolio companies, including
PharmHouse Inc. and James E. Wagner Cultivation Corporation. Canopy Rivers
first invested in TerrAscend in 2017, restructuring their initial investment
last year to allow for strategic international expansion. Earlier this month,
Canopy Rivers announced an additional US$10 million investment in TerrAscend
Canada Inc.
"We
are excited to represent TerrAscend's innovative products and share insights to
help them address the adult-use market," said Dave Prodanovic, Kindred's
General Manager. "We will leverage our deep experience and talented team
to offer brand-building and go-to-market execution that will provide nationwide
visibility to TerrAscend's adult-use cannabis brands."
Core One Labs Inc. (CSE: COOL) (OTCQX: CLABF) announced that it has signed a non-binding letter of
intent (the "LOI") to acquire all of the outstanding shares of
1210950 B.C. Ltd. dba Rainy Daze Cannabis Corp. in exchange for a cash payment
of CAD$100,000 and 3,500,000 shares of the Company's common stock.
Rainy
Daze was organized by the CEO of a fully-licensed Canadian LP with current
Cultivation and Medical Sales licenses. Rainy Daze facility has a license
application in process. The facility used by Rainy Daze is held under a long
term lease and is currently under construction and is scheduled to be completed
in the 2nd quarter of 2020. Once completed, the facility will
include 22,510 sq. ft. of canopy space and 3,500 sq. ft. of operational
purpose-built building.
The
facility will be operated by experienced staff with LP credentials, and will
include 15 top proprietary genetics, together with the farming resources and
SOPs to ensure compliance and maximum yield, seed to sale software, and secured
distribution agreements that guarantee shelf space with a group of over 12
licensed locations in western Canada. With extraction capabilities onsite, the
acquisition will provide Core One Labs an opportunity to enter the edibles and
extracts markets and independently brand all of the Company's products in the
Canadian market.
The
completion of the transaction is subject to a satisfactory due-diligence process,
which is expected to be completed by November 30, 2019.
The
CEO of Core One Labs Inc., Brad Eckenweiler, commented, "With completion
of this proposed transaction, Core One Labs will have a clear and defined path
to the Canadian market and ultimately the ability to export CannaStrips™
internationally. The location and
extensive capabilities of the Rainy Daze facility is uniquely suited to meet
the goals and aspirations of the Core One Labs team." The Company will
continue to update the market on the progress of this transaction as it
proceeds to the completion of the acquisition.
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