Investor
Ideas #Potcasts, #Cannabis News and #Stocks on the Move; Episode 439 (CSE: $MWM.C)
(TSX: $RIV.TO) (OTC: $CNPOF) (CSE: $ACRG_U.C)
Delta, Kelowna, BC, July 10, 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:
Read this in full
at https://www.investorideas.com/news/2020/cannabis-potcasts/07101MWM-RIV-CNPOF-ACRG.asp
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 public and private company announcements.
Micron
Waste Technologies Inc. (CSE: MWM) (OTC: MICWF) announced that, further to its news releases
on April 20, 2020, and May 19, 2020, the Company has completed the acquisition
of all of the issued and outstanding shares of Covid Technologies Inc. pursuant
to the terms of a share exchange agreement, effective May 18, 2020 among the
Company, Covid Technologies, and the securityholders of Covid Technologies.
Pursuant to the terms of the
Definitive Agreement and in consideration of the Acquisition, the Company
issued to the former Covid Technologies securityholders:
● an
aggregate of 16,500,000 common shares of the Company (the "Consideration
Shares") at a deemed price of $0.08 per Consideration Share; and
● an
aggregate of 16,500,000 replacement warrants (the "Replacement
Warrants") exercisable into common shares in the capital of the Company
for a price of $0.10 for a period up to and including April 28, 2025.
Additionally, effective upon closing
of the Acquisition, Harveer Singh Sidhu was appointed to the Company's board of
directors.
Cannabis industry veterans Angelina
Blessed, Dome Duong, and Riley Starr officially launched Gallery Brands. The house of brands founded by the experienced and
trusted legacy market leaders will provide superior quality, precisely dosed,
and expertly curated cannabis products to the Canadian market.
The team has worked coast-to-coast
over 15 years collectively within the Canadian cannabis industry to develop
products focused on quality and care. Under Gallery Brands, they are excited to
bring their legacy market products to the regulated market. Navigating the
world of cannabis can be overwhelming to the Canadian consumer, especially with
the number of new brands popping up to ride the latest trend, only to disappear
just as quickly.
With their experience, the Gallery
team has simplified the process of discovery by ignoring the noise and focusing
on their vast product and cannabis industry knowledge. Their carefully curated
portfolio is geared towards a wide range of consumers, from the
"canna-curious" testing the waters of the cannabis market for the
first time to the seasoned connoisseur searching for fluent subject matter
"OG" experts.
"For Blessed, our brand
philosophy is simple and authentic to my own lifestyle as a competitive Muay
Thai fighter and someone who has been consuming and creating my own cannabis
products for years: Train. Treat. Repeat. As a competitive athlete, I am always
focused on taking care of my body, which includes what I put in it. I care
deeply about the quality of cannabis and products that myself and individuals
are consuming and have available to them, and above and beyond the Blessed line
of products, I am most excited about shedding light on the benefits of
full-spectrum cannabis oil which has a wide range of benefits including healing
properties and vitamins, both of which are essential during intense recovery."
Said Angelina Blessed, Founder, Blessed.
"Bringing the Little Farma
products to the regulated market has been a labour of love. We've been doing
this for four years, and for the team, our passion lies in science,
experimentation, and innovation. With this in mind, we're able to come to the
market with unique, premium, science and lab-backed formulations." Said
Dome Duong, Co-founder, Little Farma.
"Cannabis, for me, has always
been a way to experience a deeper appreciation of visual beauty and exceptional
flavours. It just made sense to create a product line that engages the eyes and
the palette on the same level. I'm thrilled to be able to bring my
gourmet-inspired product line to those that are new to cannabis and looking for
a safe starting point, as well as the seasoned cannabis connoisseur seeking the
highest level of quality in their edibles." Said Riley Starr, Founder,
Flir.
The three Gallery Brands Founders
have also come together to formulate a fourth brand, Calla, which is the first
of many in-house collaborations. Calla carries the triad's combined 15 years of
expertise and adoration for the plant. Aligned with Gallery Brands'
uncompromising commitment to quality, Calla offers the perfect blend for the
perfect moment—Calla is cannabis for all.
The Gallery portfolio will include
chocolates, oils, bottled tea, oil capsules, vape pens, gummies, and infused
spring water. With legacy roots, Gallery Brands represents craftsmanship,
culture, and curation. Whether consumers are looking for a pre-workout
performance boost or post-workout recovery with Blessed, culinary decadence
with flir, an adventure companion with Little Farma, or a perfect blend with
Calla, Gallery Brands provides quality cannabis product options to Canadian
consumers.
Canada may now need to consider new risk-based approaches to
regulate and tax innovative tobacco products differently than cigarettes
to help the country's 4.5-million smokers quit entirely or switch to better
alternatives to cigarettes, Rothmans, Benson & Hedges Inc. said today.
Risk-based regulation, when coupled
with technological innovation and scientific substantiation, can be a formula
for a public health breakthrough in both reducing the prevalence of smoking in
society and converting those who would otherwise continue to smoke to
scientifically substantiated better alternatives, RBH said.
RBH calls for action after a
historic decision this week by the U.S. Food and Drug Administration (FDA)
authorized the marketing of IQOS as a
Modified Risk Tobacco Product (MRTP) in the United States. In doing so, the
agency found that an IQOS exposure
modification order is appropriate to promote public health.
IQOS is
available for sale in Canada, produced by RBH's parent company Philip Morris
International Inc., as part of a portfolio of innovations intended to reduce
both the exposure and potentially the harm from smoking cigarettes.
The FDA authorized the marketing of IQOS with the following information:
"Available evidence to date:
● The IQOS System heats tobacco but does not
burn it.
● This
significantly reduces the production of harmful and potentially harmful chemicals.
● Scientific
studies have shown that switching completely from conventional cigarettes to
the IQOS system reduces your body's
exposure to harmful or potentially harmful chemicals."
The FDA concluded that the available
scientific evidence demonstrates that IQOS
is expected to benefit the health of the population as a whole, taking into
account both users of tobacco products and persons who do not currently use
tobacco products.
The FDA's decision provides an
important example of how governments, industry and health stakeholders can
incorporate a harm-reduction mindset to regulate smoke-free alternatives to
differentiate them from cigarettes in order to protect and promote public
health.
Three of Canopy Rivers Inc.'s (TSX: RIV) (OTC: CNPOF) portfolio companies have made recent announcements as they aim to
introduce new or expanded choices for cannabis consumers and medical patients
in Canada and the U.S.
"We continue to be impressed
with the ability of our portfolio companies to respond to shifting consumer
demands in the cannabis space while executing on their long-term
strategies," said Narbé Alexandrian, President and CEO, Canopy Rivers.
"We still see greenfield in the Canadian brand market, and we are excited
to see both Agripharm and Dynaleo taking steps to introduce Canadians to brands
that have proven track records in U.S. markets."
More details on these developments
are included below:
● Dynaleo
Inc., an Edmonton-based manufacturer of cannabis-infused gummies, signed its
first letter of intent ("LOI")
with Pantry, a California-based edibles brand that says it has bridged the
worlds of culinary arts, cannabis, and wellness. The agreement follows
Dynaleo's receipt of its processing licence from Health Canada and marks
Pantry's first international expansion beyond the U.S. where it distributes
cannabis-infused food brands for the recreational market. Dynaleo hopes that
the LOI will be a first step in the company's goal to close the gap between
supply and consumer demand for gummies in Canada.
● Agripharm
Corp. received a licence amendment from Health Canada to allow for the sale of
dried cannabis, extracts, edibles, and topicals. The amendment enables
Agripharm to exercise its exclusive rights to introduce brands from SLANG
Worldwide Inc. ("SLANG")
and Green House Seed Co. to the Canadian market. Agripharm plans to initially
launch three products from SLANG's portfolio, including the Firefly Mini
vapourizer, O.penVAPE, and Bakked Dabaratus, a one-click dabbing solution that
delivers a dose of extract.
● TerrAscend
Corp. opened its third retail dispensary location in Pennsylvania. Jason
Ackerman, TerrAscend's CEO, noted that this third Apothecarium location signals
the company's commitment to local patients as the state's medical program
continues to grow. The newly renovated, 5,000 square foot medical dispensary is
designed to enhance patient experiences and features private consultation
rooms, highly trained staff, a wide variety of products, and options for online
ordering.
Acreage
Holdings, Inc. (CSE: ACRG.U) (OTCQX: ACRGF) today announced that the Massachusetts
Cannabis Control Commission (“CCC”) has granted the Company provisional
licenses for the retail sale of adult-use cannabis in Worcester and
Shrewsbury. Acreage will add adult-use
retail sales to its existing The Botanist
dispensary in Worcester, MA, which opened as a medical marijuana treatment
center in 2018, and it will open a new The
Botanist dispensary in Shrewsbury, MA.
The CCC voted to grant the provisional licenses at its monthly meeting
earlier today.
Acreage anticipates beginning retail
sales at both locations as quickly as possible following further regulatory
inspections and approvals. The Worcester
dispensary is located at 65 Pullman Street, Worcester, MA. The Shrewsbury dispensary will be located at
235 Hartford Turnpike, Shrewsbury, MA. The company’s third The Botanist dispensary in Massachusetts is located in the Town of
Leominster.
Once all approvals are completed and
the dispensaries are fully operational, Acreage anticipates adding more than 40
new jobs in Massachusetts.
Separately at today’s CCC meeting,
the commissioners approved a stipulated agreement in which Acreage has agreed
to make a $250,000 payment to the Cannabis Control Commission Regulation Fund.
The payment is related to previously terminated Management Services Agreements.
With today’s actions, Acreage looks
forward to completing the licensing process and bringing the Commonwealth’s
citizens its full House of Brands product portfolio, including its The Botanist,
Live Resin and Tweed brands, the latter being a Canopy Growth brand that Acreage
introduced in the U.S. last year.
Investor ideas reminds all
listeners to read our disclaimers and disclosures on the Investorideas.com
website and that this podcast is not an endorsement to buy products or services
or securities. Investors are reminded all investment involves risk and possible
loss of investment.
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