Investor Ideas #Potcasts,
#Cannabis News and #Stocks on the Move; Episode 389 (TSX: $TGOD.TO) (OTC: $TGODF),
(TSXV: $NRTH.V) (TSX: $ALEF.TO) (OTC: $ALEAF)
Delta, Kelowna, BC, March 26, 2020
(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 podcast edition of cannabis
news and stocks to watch plus insight from thought leaders and experts.
Listen to the podcast:
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 are looking at a few
company announcements.
Starting with, Cannalogue, who has
submitted an application to Health Canada to
conduct a real-world clinical trial with medical cannabis for COVID-19
(Coronavirus). If approved by Health Canada, Cannalogue will enroll
patients into the research study to determine if medical cannabis can reduce
the symptoms caused by COVID-19 or any mutant strains of coronavirus.
"Cannalogue is committed to doing our
part. The need is too great and we have to act now," says Dr. Mohan
Cooray, President and CEO of Cannalogue. Dr. Cooray, who is also a specialist
in Internal Medicine, Gastroenterology, and Hepatology goes on to say, "We
are not suggesting with the current knowledge of medical cannabis that it is a
prevention, treatment or cure for COVID-19 or coronaviruses. However, plant
cannabinoids have naturally occurring immunomodulatory properties that
absolutely require expedited investigation given the current global COVID-19
pandemic," he says.
Cannalogue is responding to the call by the
Honourable Prime Minister of Canada to enforce wartime measures and for all
Canadian businesses to stand united in the fight against COVID-19. The
specialists at Cannalogue believe the active medical ingredients from the
cannabis plant could potentially boost the immune system to reduce the severity
of symptoms from COVID-19.
"Cannabinoid receptors are naturally found
on immune cells in the body. If stimulated prior to an infection, it may
dampen the inflammatory response that follows, which is a key factor in the
severity of symptoms observed in patients," says Dr. Cooray.
"This appears to be a common mechanism of action for the current therapies
being investigated for COVID-19 research studies. If we can't flatten the curve, then we need
to focus on reducing the number of deaths," he says.
In support of the medical cannabis sector and
scientific research community, Cannalogue will be releasing an exclusive insider
health report that reveals key medical insights on emerging therapeutic areas
with respect to medical cannabis.
The Green Organic Dutchman Holdings Ltd. (TSX:TGOD) (OTC:TGODF),
announced that, due to market conditions, it is
adapting operations and aggressively reducing costs.
The Company has postponed the start up of its
Valleyfield facility in order to centralize cultivation operations at
Ancaster. The Ontario facility is able to produce larger volumes than
initially anticipated, enabling the Company to delay cultivation operations in
Valleyfield saving costs and capital. The Company has temporarily laid off the
majority of its Valleyfield employees and intends to restart operations there
later in the year. Ancaster is not impacted and continues to grow and harvest
premium organic cannabis for the recreational and medical markets.
This change does not impact TGOD's timeline for
the launch of its remaining Cannabis 2.0 products, with Infusers already
launched and organic teas and vapes still on track to become available at the
end of next month.
TGOD expects to imminently receive its licence
amendment from Health Canada for the processing facility at Ancaster. Once it
is received, the Company will be able to automate many of its processes
reducing costs and further accelerating production.
As it continues to work towards becoming EBITDA
and operating cash flow positive later this year, beyond the cost savings
generated with the Valleyfield operation postponement, TGOD has undertaken
another series of measures to aggressively reduce costs. This includes:
- Temporary salary reductions
of 20% for salaried employees and 30% for certain executives
- A freeze on all non-essential
recruitment and consultancy work
- Working with suppliers to
identify further cost savings and efficiencies
"Multiple factors, most particularly the
COVID-19 pandemic, are contributing to an environment in which we must be
extremely prudent with how we manage our cost structure. These are
unprecedented times, and the situation continues to evolve. With the support and unity I have seen from
our employees, partners and stakeholders, I am very confident that TGOD can
tackle this challenge and come out much stronger," commented Brian
Athaide, CEO of TGOD. "We have seen very strong consumer and medical
patient feedback from our recent TGOD Infusers launch and are looking forward
to having them available in more stores quickly. These along with our upcoming additional 2.0
products are very unique and deliver superior consumer experiences which will
help further differentiate and build our TGOD organic brand positioning,"
continued Athaide.
48North Cannabis Corp. (TSXV:NRTH), announced that it has shipped the first order of its vape
product Avitas to the Ontario Cannabis Store for retail sale. The Avitas
vape marks the Company's first vape product available for sale.
Avitas,
available in over 500 stores in Washington, Oregon and Colorado is one of the
best-selling single strain vaporizer cartridges in the United States and
represents 48North's first product introduction as part of its vaporizer
strategy. Avitas develops 100% additive free, single strain,
ultra-refined and purified, vaporizer cartridges. Single strain vaporizer
cartridges represent the fastest-growing, next-generation cannabis product
category in the United States.
To
start, 48North will be launching a Super Citrus Haze vaporizer
cartridge, using flower that has been hand selected for flavor, aroma and
cannabinoid profile. This unique sativa forward strain is earthy and citrusy to
the tongue with terpenes that evoke herbs like black pepper and cloves. The
Company uses a gentle extraction method to preserve the flower's cannabinoid
and terpene profiles, resulting in single strain, full spectrum oils – clean
and simple.
Successfully
launching the company's first vape product to market is indicative of 48North's
renewed commitment to improving operations, investing in product design,
and supporting high-quality experiences for Canadian consumers.
"Since
the beginning, 48North has been committed to selling next-generation cannabis
products to Canadian consumers. In response, the company has built landmark
partnerships with brands like Apothecanna and Avitas to bring some of the
highest-quality products to consumers. Bringing market-tested brands from the
United States to Canada has been part of the 48North strategy from the
beginning. In doing so, we capitalize on a head-start with brand building and
fostering consumer loyality. We very excited to share this product with
Canadians across the country," said Kirsten Gauthier, CMO of 48North.
Aleafia Health Inc. (TSX:
ALEF) (OTC:
ALEAF) announced launching its last-mile medical cannabis home
delivery service. It will provide patients next-day, direct-to-home delivery on
medical cannabis orders made in Ontario’s Greater Golden Horseshoe Region, home
to over 9 million people.
By delivering directly to patients’ homes, the
service provides safe, contactless delivery, eliminating the need for customers
to pick-up products at post offices and post boxes. It also mitigates the risk
to the Company of disruption of postal and third-party parcel delivery services
during the COVID-19 pandemic.
The initial GGHR launch is anticipated to occur
during the next two weeks, with a planned subsequent expansion to new Canadian
markets, and the introduction of same-day, scheduled delivery.
“By controlling the last mile of our supply
chain, we are providing a unique service to patients who want fast, secure and
convenient access to their medicine,” said Aleafia Health CEO Geoffrey Benic.
“Adapting to this challenging environment is critical. In addition to launching
home delivery, earlier this month we transitioned to conducting 100 per cent of
patient consultations remotely through telemedicine, with the goal of not
missing a single patient appointment.
“Having said that, introducing home delivery has
been long in the works and will be a permanent feature that we offer moving
forwards.”
Aleafia Health’s home delivery benefits from the
supply chain logistics experience of Benic and COO Greg Rossi, who were among
the founding partners of the award winning online grocery fulfillment and
delivery service, GroceryGateway.com. The pair have also worked as executive
consultants on supply chain logistics projects for some of the world’s largest
companies including Walmart Inc., Nestlé S.A., Kraft Heinz Company, Campbell
Soup Company and Mondelez International. Benic and Rossi were also the
architects of Trust Delivery, the first and only same-day Canadian medical
cannabis delivery service.
Now lastly we look at two stories linking the
alcohol industry with the cannabis sector, and how the alcohol industry is now
adopting methods from the cannabis sector as their roles in society are
reversed.
One company, Boozer Inc. announced the launch of a Canada-wide click-and-collect
initiative in response to the continuing COVID-19 public health challenge.
Complementing our existing same-day delivery platform, the click-and-collect
feature will allow Canadian alcohol retailers, including independent retailers,
craft breweries and distilleries, to stay open for business using the Boozer
e-commerce platform for 'take-out' and 'delivery'.
The click-and-collect service will allow
age-permitted users to order their favourite alcoholic beverages and products
for on-demand pickup from a licensed retail location near them, all through the
existing Boozer platform. Employing an e-commerce solution allows both the
customers and retail staff to maintain social distancing to the extent they
feel comfortable, or as required by local authorities. "Retailers now more
than ever need to provide a safe environment for consumers to purchase
products. Today retailers are effectively needing to turn in-store shoppable
retail spaces into click-and-collect and delivery fulfillment centers.
We are looking to support this activity by moving
forward with this initiative that will keep local retail stores open and to
provide much needed assistance to the retail sector," commented Michael
Kniazeff, CEO and Co-Founder of Boozer.
"Click-and-collect is well adopted by
consumers in the grocery and restaurant industries, and we're excited to bring
this convenient experience to the retail alcohol space," commented Ian
Delves, President and Co-Founder of Boozer. "On the delivery front, like
others Boozer has been seeing massive spikes in demand over the past week. We
see the launch of click-and-collect as a way to help alleviate some of the
strain the entire delivery community has been dealing with, as we navigate this
unprecedented lift in orders," he added.
The National Association of Cannabis Businesses (NACB) today
announced the appointment of Mark Gorman as its new
Executive Vice President and Chief Operating Officer. The NACB is the only
cannabis industry trade group dedicated to promoting national standards for
responsible advertising and marketing of cannabis products, as well as other
best practice guidelines for businesses in the burgeoning sector.
Gorman joins NACB from the Distilled Spirits
Council of the United States (DISCUS), where he served 20 years as the Senior
Vice President for Government Relations overseeing the distilled spirits
industry’s highly successful legislative, public policy and advocacy activities
at both the federal and state levels.
“We are delighted to have Mark join our team as
the leader of our governmental policy and outreach efforts,” said Gina
Kranwinkel, NACB’s President and CEO. “Mark’s depth of experience with the
challenges faced by highly regulated industries make him an ideal fit with our
organization.”
Under Gorman’s direction, the NACB will work to
broaden support among other cannabis groups, consumer protection agencies and
government policy makers for its responsibility standards and best practice
guidance.
“The distilled spirits industry weaves
responsibility into every facet of its business from advertising and marketing
practices to public policy and education initiatives. This commitment to
responsibility has earned the industry respect on Capitol Hill and credibility
in state capitols across the country. I
look forward to applying this experience to help the NACB develop a successful
legislative and regulatory path forward,” Gorman said.
Prior to joining DISCUS, Mark spent seven years
leading government affairs at the National Restaurant Association and several
years as deputy director at the Washington office of General Mills, Inc. He is
also a Capitol Hill veteran having worked six years as a tax legislative
assistant for Sen. John H. Chafee (R-RI).
The NACB, which was established in 2017,
represents over 400 member-businesses and thousands of cannabis professionals
around the country. They are the industry’s first and only self-regulatory organization,
whose mission is to support the compliance, transparency and growth of legal
cannabis businesses in the U.S.
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