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Friday, 21 August 2020

Investor Ideas #Potcasts, #Cannabis News and #Stocks on the Move; Episode 458- Interview with Tommy Chong- Legendary Activist, Actor and Comedian; @tommychong

Investor Ideas #Potcasts, #Cannabis News and #Stocks on the Move; Episode 458- Interview with Tommy Chong- Legendary  Activist, Actor and Comedian; @tommychong

 


Delta, Kelowna, BC, August 21 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:

https://www.investorideas.com/Audio/Podcasts/2020/082120-StocksToWatch.mp3

 

Read this in full at https://www.investorideas.com/news/2020/cannabis-potcasts/08211Interview-Tommy-Chong.asp

 

Hear the investor ideas potcast on Spotify

 

Hear Investor ideas cannabis potcast on iTunes  

 

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 Investorideas interviews a legend within the cannabis space, Tommy Chong, where we discussed his thoughts on the cannabis industry today, where he sees things heading in the future as well as his recent multi-year agreement with Five Point Holdings through its subsidiary Five Point Distribution and Chongson Inc. of California.

 


Tommy Chong has built up his legendary status within the cannabis community as part of the iconic comedy duo Cheech & Chong. The duo have released a score of comedy albums, movies such as Up in Smoke, Cheech and Chong’s Next Movie and Still Smokin with Chong also having a separate acting career and having a recurring role on That 70’s Show.

 

Chong may have received fame and celebrity from his comedy and acting career but like any true activist he has also experienced the legal difficulties surrounding cannabis.

 

In 2003, Chong became caught up in two American investigations, code-named Operation Pipe Dreams and Operation Headhunter, which tried to trace drug traffic and users through businesses selling drug paraphernalia, mostly bongs.

 

Chong was charged for his part in financing and promoting Chong Glass/Nice Dreams, a company started by his son Paris. His case never went to trial, as his attorney negotiated a plea agreement with the US Attorney for the Western District of Pennsylvania's Office. He admitted to distributing 7,500 bongs and water pipes on the Internet through Nice Dreams, a family company. Chong agreed to plead guilty to one count of conspiracy to distribute drug paraphernalia in exchange for non-prosecution of his wife, Shelby, and his son, Paris. Chong cooperated with the government and was the first of the Operation Pipe Dreams defendants to plead guilty.

 

These events were among those chronicled in a/k/a Tommy Chong (2006), a documentary by Josh Gilbert. It premiered theatrically at the New York Film Forum in New York City and won awards. His time in prison was also a main point in his book, "The I Chong".

 

The irony is palpable that the very actions that saw him incarcerated earlier in life are now offering him a booming source of income as Cheech and Chong Glass expands across North America and as his and Cheech’s brand become one of the most sought after endorsements in the industry today.

 

When asked about this strange turn of events Chong commented, “I’ve been vindicated. I’ve always known that weed was good. When I was growing up I got into body building early, 15 or 16 years old, and with bodybuilding comes a healthy lifestyle and the only substance that anyone would abuse would be marijuana. So I knew early in my life that marijuana was good for you. It was healthy. My attitude was that anything that’s good, whether it’s legal or not, I’m gonna do it and it worked really well on a lot of levels. When it was illegal our movies were underground and we were the outlaws, and same with the records. We changed the whole comedy record business when we made 9 albums and now we’re about to be indicted into the Rock n Roll Hall of Fame. So we went from being these outlaw characters to now one of the foremost brands in the world. It’s been a nice ride.”

 

Chong then continued to discuss his thoughts on the industry as it stands right now saying, “Right now we’re in the beginning process of everything and so a lot of kinks are being worked out but I’m very happy that it’s legal and above board. Having been incarcerated for bongs, we went rags to riches and right now we’re on the verge of a lot of riches.”

 

When asked his thoughts on how many today are able to profit from the hard work and sacrifice of the many activists and people like himself he expressed a very beautiful outlook that many grassroots activists hopefully share.

 

“I was never in that illegal camp. I was never anti-pot and then all of a sudden the money was in there and then I’m pro-pot. I’ve been pro-pot since the beginning back to 1957.”

 

“Is there any animosity towards the many who were anti-pot and have now changed sides for profitability?”

 

“No not at all. I always look at people as either you’re turned on you’re not and once you get turned on it doesn’t matter what you were before.”

 

He continued by comparing this to the song Amazing Grace which was written in 1772 by English poet and Anglican clergyman John Newton. “It was written by a captain of a slave ship. He’d made a living transporting slaves to America and then one voyage he saw the light and wrote a song. So he changed from one of the most evil people on the planet to writing a classic song about redemption. That’s what I see when people flip from being a DEA agent to the head of a marijuana combine. I just see that as Amazing Grace in action. They saw the light and most of this is because the laws themselves were and are themselves racist. Marijuana was never illegal in the earlier days and was always used as a medicine. These laws have always been racist similar to how alcohol prohibition was racist as well. Marijuana prohibition replaced alcohol prohibition when enough French and Italian and Spanish got into power to change the laws but then they needed something else to jump on to be racist, and they grabbed marijuana.”

 

Discussing how he ended up partnering with Five Point Holdings he commented, “We were approached by a few people earlier, but none were serious enough. If you do anything for money you’re in trouble, but when you do it out of love like we did, well we just waited, and finally our turn came. We weren’t actively looking for anything, we were waiting to be found, and we got found and now Cheech is very happy and so am I.  Five Points approached us with a very nice deal and Cheech and I both agreed. We’re gonna be around the world eventually but for now we're starting with San Francisco and Las Angeles. We’re going to be adding our celebrity-ism to this partnership and of course will be focusing on having a good product. If you have a good product, people will drive thousands of miles to get it.”

 

The company's management team has successfully operated businesses in the regulated cannabis market including retail, manufacturing, cultivation and distribution. This combination galvanizes the company and the Tommy Chong Cannabis brand partnership.

 

"It's important for me to feel comfortable when I'm putting my name on a product. I trust this team so our partnership is a natural fit" emphasizes Tommy Chong.

 

This partnership positions the company to be vertically integrated, selling through its own retail locations and distributing the branded flower to other licensed California dispensaries. This model creates the "moat" for the company as described by Warren Buffet.

 

"Combining Tommy's brand with the company's flagship Cheech and Chong Dispensary brand allows us to maximize resources. This enables the company to focus on scaling and opening new markets in both retail and wholesale" add the company's CEO Jonathan Black. The company expects to have products in the market by the end of 2020

 

We also asked Chong about his preferred methods of consumption these days to which he commented, “I’m a one toker. One or two tokes and that’s all I need. I also have those THC breathe strips that my wife takes to help her sleep and it helps knock her out for a couple of hours. I love them, but she loves them more than me. I’ve gotten everyone around me hooked on them. I’ve had Sugar Ray Lenord and his wife come biking by my house and they stay outside, because of social distancing, and asking for more strips and I’ve been getting everyone hooked on them. They’re so easy, they melt in your mouth and it even helps your breathe.”

 

Tommy also went on to discuss his vision of the future for cannabis in which it is accessible globally as well as where he sees things heading.

 

“It’s going to calm down. Our governments, especially in Canada, are trying to treat it like alcohol and trying to impose a “sin” tax because of it’s bad reputation. But, like I’ve told everybody, you gotta jump through hoops. I was approached by some Irish pot activists and they want me to help with legalization in Ireland. I told them we need very, very rich donors, we need deep pockets. Then we need the right lawyers and the right politician so they can talk with the right people and the Prime Minister and get things moving. Then we need to bring in Dr. Sandra Gupta to talk about the medical benefits of cannabis. That’s how we legalize it. When they legalized it in Colorado I was there and people were lining up outside of the dispensaries and it looked like people waiting to be healed by Jesus. There were in wheelchairs or crutches, MS patients, schizophrenics and all sorts of other people with mental problems or disabilities who needed this medicine to heal. If I were to testify anywhere now I’m gonna say that “marijuana was deemed essential during a pandemic” and what more do you need to know.”

 

Chong remains optimistic about the industry, a sentiment many investors can relate to in the cannabis sector and finished on a great line saying, “We’ve still got a lot of cleaning up to do and more than anything we need education but these are going to be the jobs of the future, in the weed industry.”

 

About Five Point Holding

Five Point Holdings Inc. and its entities, is an emerging cannabis company focused on distribution, products and brands operating across the U.S. The Company is actively developing infrastructure to support the proliferation of its assets initially through its acquisition of the exclusive rights in five states to the Cheech and Chong brand. The principals of the company have had multiple successful exits in the cannabis space.

 

Visit their website here.

 

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.

 

Learn more about our cannabis podcasts at https://www.investorideas.com/Audio/Potcasts.asp

Or www.potcasts.ca

 

Hear Investor ideas cannabis potcast on iTunes  

 

Hear the investor ideas potcast on Spotify

To hear more Investorideas.com podcasts visit: https://www.investorideas.com/Audio/.

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About Investorideas.com - News that Inspires Big Investing Ideas

Investorideas.com is a recognized news source publishing third party news, research and original financial content. Learn about investing in stocks and sector trends with our news alerts, articles, podcasts and videos, looking at cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy and more. Investor Idea’s original branded content includes the following podcasts and columns : Crypto Corner , 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 , Exploring Mining  the AI Eye .

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. 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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Get more Cannabis Stock Investor Ideas – news, articles, podcasts and stock directory

 

Investor Ideas Adds New Cleantech (OTC: $MKTY), Vegan (CSE: $VEGA.C) & Cannabis #Stocks (CSE: $TBI.C) to Directories

   

Investor Ideas Adds New Cleantech (OTC: $MKTY), Vegan (CSE: $VEGA.C) & Cannabis #Stocks (CSE: $TBI.C) to Directories

 

 


Point Roberts WA, Delta BC, August 21, 2020 – (Investorideas.com Newswire) Investorideas.com, a global news source and leading retail investor resource announces its weekly roundup of stocks added to its global stock directories, including Cleantech, vegan, cannabis, mining and biotech.

 

Read this in full at https://www.investorideas.com/news/2020/main/08211Stocks.asp

 

The newest Cleantech stocks also crossed into the crypto sector, while the newest vegan stock is listed on both the Health, wellness and sustainability and food & beverage stock directories.

 

The latest cannabis company, Thoughtful Brands Inc (CSE:TBI) - Formerly Mota Ventures,  is an established eCommerce technology company with a strong focus on the CBD market, as well as the burgeoning psychedelic medicine sector.

 

The newest mining companies are listed on Canadian exchanges (CSE & TSX Venture) with operations in Canada, the United States and Suriname, respectively.

 

The latest biotech company is a microbiome therapeutics platform company.

 

New Stocks added to Cleantech stocks directory

Mechanical Technology, Incorporated (OTC Pink: MKTY) is engaged in the design, manufacture, and sale of test and measurement instruments and systems through its subsidiary MTI Instruments, Inc. and is developing renewable-energy powered cryptocurrency mining operations through its newest subsidiary EcoChain, Inc. 

 

New Stocks added to Vegan and plant-based stocks  

Vegaste Technologies Corp. (CSE:VEGA) As the digital face of the plant-based community, Vegaste's PlantX platform is the one-stop-shop for everything plant-based. With its fast growing category verticals, the Company will offer customers across North America more than 3,000 plant-based products by the end of August. In addition to offering meal and indoor plant deliveries, Vegaste currently has plans underway to expand its product lines to include cosmetics, vitamins, clothing, and its own water brand — but the business is not limited to an e-commerce platform. Vegaste uses its digital platform to build a community of like-minded consumers and most importantly, provide education. Its successful enterprise is being built and fortified on partnerships with top nutritionists, chefs, and brands. Vegaste eliminates the barriers to entry for anyone interested in living a plant-based lifestyle, and thriving in a longer, healthier, and happier life. The Company's lynchpin www.PlantX.com is the digital face of everything plant-based and fueled by the power of education and accessibility. For those who don't have the time to cook their own healthy plant-based meals, Vegaste offers a wide array of pre-made meals curated by Executive Chefs and nutritionists. For those looking to learn how to cook their own plant-based meals, Vegaste offers regularly updated weekly recipes. Unlike other plant-based e-commerce companies, Vegaste has a large selection of indoor plants for sale, providing not only visual appeal for your home, but unique health benefits. The site educates consumers on the benefits of a plant-based diet with a specialized blog, connects like-minded individuals with its forum, and provides resources for the best plant-based restaurants, pop-up retailers and products across Canada and the USA.

 

New stocks added to Cannabis stocks directory

Thoughtful Brands Inc (CSE:TBI) .- Formerly Mota Ventures,  is an established eCommerce technology company that researches, develops, markets and sells natural health products in North America and Europe. The Company has a strong focus on the CBD market, as well as the burgeoning psychedelic medicine sector. Through its direct-to-consumer digital platform, the Company offers multiple well-established hemp-CBD brands, including Nature’s Exclusive, Sativida and Franchise. The Company also owns and operates a 110,000 square foot manufacturing facility in Radebeul, Germany, where its highly skilled team is currently conducting clinical studies utilizing naturally occurring psilocybin and other compounds found in psychedelics for the treatment of opiate addiction. The Company anticipates future opportunities to create proprietary psilocybin products as legislation related to psychedelics evolves. The Company continues to pursue the acquisition of additional revenue-producing natural health product brands and operations in both Europe and North America with the goal of establishing an international distribution network utilizing its powerful eCommerce technology platform.

 

New Stocks added to Mining stocks directory

Ridgeline Minerals Corp. (TSX: RDG.V) is a discovery focused gold explorer with a proven management team and a 116 km² exploration portfolio across three projects in the highly prospective Carlin and Battle Mountain - Eureka Trends in Nevada, USA.

 

Sassy Resources Corporation (CSE:SASY) is an exploration stage resource company currently engaged in the identification, acquisition and exploration of precious metal and base metal resources in Canada.  Its current focus is on the Foremore Property located in the Eskay Camp region of Northwestern British Columbia, within the Liard Mining Division.

 

Class 1 Nickel and Technologies Limited (CSE: NICO) is a mineral exploration company focused on acquiring, exploring and developing quality mineral properties in Canada.

 

79North Inc. (CSE: JQ) formerly 12 Exploration Inc. is led by a team with extensive mineral exploration expertise and a track record of discoveries and exits in South America and globally.  79North holds an indirect interest in mineral concessions in northern Suriname (formerly Dutch Guiana), and aims to become the premier junior exploration company in this underexplored district of the prolific Guiana Shield. 79North's growing portfolio of high-quality targets which have not undergone modern exploration or drilling have a long history of artisanal mining and are strategically located within close proximity to modern gold mines operated by major mining companies.

 

New stocks added to Biotech stocks directory

Seres Therapeutics, Inc. (Nasdaq: MCRB) is a leading microbiome therapeutics platform company developing a novel class of multifunctional bacterial consortia that are designed to functionally interact with host cells and tissues to treat disease. Seres’ SER-109 program achieved the first-ever positive pivotal clinical results for a targeted microbiome drug candidate and has obtained Breakthrough Therapy and Orphan Drug designations from the FDA. The SER-109 program is being advanced for the treatment of recurrent C. difficile infection and has potential to become a first-in-class FDA-approved microbiome therapeutic. Seres’ SER-287 program has obtained Fast Track and Orphan Drug designations from the FDA and is being evaluated in a Phase 2b study in patients with active mild-to-moderate ulcerative colitis. Seres is developing SER-401 in a Phase 1b study in patients with metastatic melanoma, SER-301 for ulcerative colitis and SER-155 to prevent mortality due to gastrointestinal infections, bacteremia and graft versus host disease.

 

The directories are not meant as recommendations but as a research tool to discover opportunities and trading ideas in a particular sector.

 

About Investorideas.com - News that Inspires Big Investing Ideas Investorideas.com is a recognized news source publishing third party news and press releases, research and our own original financial content. We were one of the first retail investor sites to cover renewable energy and cleantech stocks at investorideas.com and our domain Renewableenergystocks.com. We were also one of the most well- known and cited defense stock sites, featuring our domain Homelanddefensestocks.com at its peak.

We follow the money for investors as sector sentiment shifts and technology disrupts. Our mission is to provide investor ideas with breaking news, resources, industry articles and interviews with leading experts.      

 

Learn about investing in stocks and sector trends with our news alerts, articles,  podcasts and videos, looking at cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy and more. Investor Idea's original branded content includes the following podcasts and columns: Crypto CornerPlay by Play sports and stock news column, Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast and column, Cleantech and Climate ChangeExploring Mining and the AI Eye.

 

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Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.

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Thursday, 20 August 2020

Investor Ideas #Potcasts, #Cannabis News and #Stocks on the Move; Episode 457 (TSX: $VLNS.TO) (TSXV: $MTRX.V) (CSE: $TER.C) (TSXV: $N.V) (TSXV: $NDVA.V)

Investor Ideas #Potcasts, #Cannabis News and #Stocks on the Move; Episode 457 (TSX: $VLNS.TO) (TSXV: $MTRX.V) (CSE: $TER.C) (TSXV: $N.V) (TSXV: $NDVA.V)

 


Delta, Kelowna, BC, August 20, 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:

https://www.investorideas.com/Audio/Podcasts/2020/082020-StocksToWatch.mp3

 

Read this in full at https://www.investorideas.com/news/2020/cannabis-potcasts/08201VLNS-MTRX-TER-N-NDVA.asp

 

Hear Investor ideas cannabis potcast on iTunes

 

Hear the investor ideas potcast on Spotify

 

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.

 

The Valens Company Inc. (TSX: VLNS) (OTCQX: VLNCF) announced that it has received its Cannabis Research Licence under Health Canada's Cannabis Act and Cannabis Regulations through its wholly-owned subsidiary, Valens Agritech Ltd.

 

This licence permits The Valens Company to conduct research involving the administration or distribution of cannabis to human subjects for the assessment of taste, sight, smell or touch, subject to conditions laid out by Health Canada. The Company will use this licence to conduct controlled human trials for the sensory evaluation of its cannabis extracts, concentrates and oils, including vaporizers, and beverage and edible products, at its extraction, manufacturing and testing facilities in Kelowna, B.C.

 

"This exciting and strategic milestone gives us the competitive advantage to further innovate and differentiate our leading oil-based product offerings," said Tyler Robson, Chief Executive Officer of The Valens Company. "With this research licence, we are now able to perform sensory assessments at the product development stage to determine quality and marketability of our products to maximize potential launch success. Findings from future proprietary research initiatives will advance our understanding of cannabis preferences allowing us to continue developing premium, next generation products that meet evolving customer and consumer needs."

 

Sensory evaluation measures, analyses, and interprets the reactions of human subjects to products as perceived by the senses, and is used as a way of determining whether product differences are detected, the basis for those differences and the diversity of preferences. This evaluation method will enhance the Company's custom manufacturing and white label services with the added ability to assess the palatability of bespoke cannabis blends formulated with Valens' extensive terpene database. It will also expand the Company's innovation pipeline across all key product divisions.

 

Jeff Fallows, President of The Valens Company, added, "Cannabis research derived from human trials is highly critical and valuable at this stage of the industry's growth cycle, and we look forward to having data-backed knowledge of how consumers experience different products to advance our research and development strategy, and in turn, bring consumer focused products to market. This research licence not only solidifies our position as a one-stop shop for our customers by increasing our presence within their value chains, but also provides added credibility to our platform as we look to expand to new markets."

 

Loop Insights Inc. (TSXV: MTRX), a provider of contactless solutions and artificial intelligence ("AI") to drive real-time insights, automated marketing, and contact tracing to the brick and mortar space, announced the signing of a Pilot Agreement with Sunflora Inc., to implement Loop's analytics platform into 20 of its Your CBD Store retail locations.

 

Your CBD Store is the largest CBD brick and mortar retailer in the United States, selling award-winning SunMed products.  Upon successful completion of the Pilot, it is the intention of both parties to implement Loop's artificial intelligence driven analytics platform across all 550+ Your CBD Store locations in 41 States across America.

 

Sunflora President of Franchise Systems, Jay Benge stated "There's no greater time to utilize top-tier artificial intelligence technology to gain an edge in this industry. Our customer base is huge, and it's important to understand their needs and preferences to maximize basket size, loyalty and wallet share. We look forward to working with Loop and building unparalleled experiences for our customers."

 

On August 10th, Loop announced a "Reseller Partnership And First Sale With Vend, A Global POS Company Used In 25,000 Stores Across 140 Countries".  In that announcement Loop and Vend announced the first sale to a Vend client with 30 stores across North America.

 

Today's announcement represents the second deal through Vend in just 10 days, which bodes well for the future of the partnership and further demonstrates the efficacy of the Company's artificial intelligence driven marketing solution to the brick and mortar space.

 

Loop Insights CEO, Rob Anson stated "Our Vend partnership has already demonstrated great value for Loop by rapidly accelerating our entry into large verticals such as CBD retail. CBD sales are seeing massive growth rates since the start of the pandemic, so this Pilot with Sunflora Inc. puts Loop in a very strong position to become a partner to the massive CBD retail market."

 

TerrAscend Corp. (CSE: TER) (OTCQX: TRSSF), a leading North American cannabis operator, reported financial results for its second quarter ending June 30, 2020.  

 

Some of the Second Quarter 2020 Financial Highlights included:

       Net sales increased 169% to $47.2 million from $17.6 million.

       Gross margin increased to 56%, compared to 9% (before gain on fair value of biological assets).

       Adjusted EBITDA1 was $11.4 million, or 24% of net sales.

       Positive Cashflow from operations of $10.4 million.

       Cash & equivalents (including restricted cash) of $75 million, compared to $17 million.

 

"We are producing strong revenue growth while maintaining our focus on delivering industry leading margins and profitability," said Jason Ackerman, CEO and Executive Chairman of TerrAscend. "I am incredibly proud of the performance we have achieved to date and want to thank our entire team for the great execution. After achieving our first quarter of positive EBITDA in Q1, we have now achieved another significant milestone of positive cashflow from operations in Q2.  Moving into the second half of 2020, we look forward to continued strong revenue and profitable growth as we bring our high-quality products to New Jersey patients through our first Apothecarium dispensary in the state, further expand our cultivation capacity in Pennsylvania, and add to our retail footprint in California.  We are also very excited to complete the buildout of our cultivation facility in New Jersey which will begin to generate material sales in early 2021".

 

Namaste Technologies Inc. (TSXV: N) (OTC: NXTTF), a leading online platform for cannabis products, accessories, and responsible education, announced that its wholly-owned subsidiary, CannMart Inc., has signed an agreement with Indiva Inc., a wholly-owned subsidiary of Indiva Limited (TSXV:NDVA) (OTCQX:NDVAF), a leading Canadian producer of cannabis edibles and other cannabis products, to offer a selection of Indiva's products on CannMart's B2C distribution channel for their medical customers.

 

"CannMart is increasing its reach into the legal Canadian cannabis market and is a natural choice for our award winning products," said Niel Marotta, President and CEO, Indiva Limited. "Our softgels and capsules are highly regarded for their consistency and quality and will be available on the CannMart marketplace in late August. Later this fall we look forward to introducing our award-winning Bhang® Chocolate and Wana™ Sour Gummies to the CannMart product universe."

 

"Indiva's CBD Softgels, Indica Capsules along with Bhang® Chocolates and Wana™ Sour Gummies are a great addition to CannMart," said Meni Morim, CEO of Namaste  

 

Indiva is a licensed producer of premium cannabis and cannabis products, and a provider of production and manufacturing services to third parties. Its state-of-the-art facility in London, Ontario includes environmentally-conscious grow rooms and a production and manufacturing space that produces safe, high-quality cannabis products. Indiva produces and distributes high-quality and award-winning Bhang® Chocolate, Wana™ Sour Gummies, Ruby® Cannabis Sugar, Sapphire™ Cannabis Salt, and other derivative products through license agreements and joint ventures.

Namaste is adding Indiva's product line to CannMart, its online marketplace, as it continues to expand its Cannabis 2.0 product offering. CannMart is an online marketplace carrying a large selection of legal cannabis products and accessories from many of the best cannabis producers in Canada and around the world. It is focused on providing medical cannabis patients and adult-use enthusiasts with access to the highest quality cannabis products available. CannMart also prepares, packages and distributes cannabis products through strategic relationships with leading government agencies.

 

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.

 

Learn more about our cannabis podcasts at https://www.investorideas.com/Audio/Potcasts.asp

Or www.potcasts.ca

 

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