Investor Ideas #Potcasts 523, #Cannabis News and #Stocks on the Move; (TSX: $WEED.TO) (NASDAQ: $CGC) (OTC: $PURA) (OTC: $ALKM) (TSXV: $ELXR.V)
Delta, Kelowna, BC, January 27, 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/2021/012721-StocksToWatch.mp3
Read this in full
at https://www.investorideas.com/news/2021/cannabis-potcasts/01271WEED-CGC-PURA-ALKM-ELXR.asp
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 we will be looking at a few public company announcements.
Canopy
Growth Corporation (TSX:
WEED) (NASDAQ:
CGC) will
release its financial results for the third quarter fiscal
2021 ended December 31, 2020 before financial markets open on February 9, 2021.
Following the release of its third
quarter fiscal 2021 financial results, Canopy Growth will host an audio webcast
with David Klein, CEO and Mike Lee, EVP & CFO at 10:00 AM Eastern Time on
February 9, 2021.
Webcast Information
A live audio webcast will be
available at:
https://produceredition.webcasts.com/starthere.jsp?ei=1418491&tp_key=44498b6183
Replay Information
A replay will be accessible by
webcast until 11:59 PM ET on May 10, 2021 at:
https://produceredition.webcasts.com/starthere.jsp?ei=1418491&tp_key=44498b6183
The
American Trade Association for Cannabis and Hemp (ATACH) announced the
formation of ATACH's Cannabis Beverage Council.
The Council will bring together the
most established cannabis and beverage leaders focused on expanding the
cannabis beverage market. The canna-drink market doubled over the past two
years according to cannabis-industry analytics firm Headset's 2019 cannabis
beverage report. BDSA Analytics
cites the canna-beverage market as making up 5 percent of overall cannabis
sales in the United States and 23 percent in Canada, suggesting further U.S.
growth.
"The Council is where cannabis
industry leaders and beverage companies convene and forge a new beverage market
by harmonizing canna-beverage policies across the country," said ATACH
President Michael Bronstein.
Following
are quotes from Council members:
David Klein, Canopy Growth CEO and
ATACH's "Beverage Executive of the Year"
"Traditional players in wine, beer,
and spirits are seeing the trajectory of cannabis and its potential as a
beverage category today through the introduction of cannabis-infused drinks.
Regulatory guidance and standardization of pro-business policy across states
will be essential for the industry as we grow this category. The Council will
provide leadership to help advance the industry as our companies seek to meet
growing consumer demand."
Adolphus Busch V, founder of ABV
Cannabis Co.
"I know what the end of prohibition
looks like for cannabis, my family helped shape it in the alcohol industry. I
am convinced that ATACH's work on professionalizing outreach and creating
advocacy for the cannabis beverage category is how it will get done."
Scott Coors, business entrepreneur
and Board of Directors, SeroVita Holding Corp.
"At the repeal of alcohol prohibition
in the 1930s, the industry came together to create an industry effort and agree
on responsible consumption, policies, and best practices. ATACH's new Council
for cannabis beverages is modeled after this concept, which is why I am a part
of this historic moment."
Christy Zhou, Vice President, Legal
and Regulatory Affairs at Organigram
"The maturing cannabis consumer and even
traditional alcohol consumers may explore cannabis-infused drinks and drink
mixes as an alternative consumption option. These beverage products can differ
from traditional solid edibles in their format and effects, and as such, should
be approached thoughtfully from a regulatory perspective. As early adopters, it
is our duty to help shape regulations such that they encourage the development
of responsible and innovative beverage products."
In a video compilation, founding
members speak to the goals and vision of the Council which can be viewed
here.
Other founding members: Erik
Knutson, CEO and Co-founder of Keef Brands, Bill Silver, President of New
Markets at Cannacraft, Chuck Smith, CEO of BellRock Brands, Koji Pupo, Vice
President of Business Development, Columbia Distributing, Gary Kaminsky,
Director of Legal Compliance, Acreage Holdings, Jake Bullock, Co-founder CANN,
and Josh Lizotte, CEO of Rebel Coast, with more to be announced.
Puration,
Inc.
(OTC:
PURA) today
announced sales of the company's EVERx CBD Sports
Water remain strong. The company
reported over $2 million in annual sales in 2019 and anticipates exceeding $2
million in sales for 2020 after reporting $1.9 million through Q3 2020. With EVERx sales remaining resilient in the
face of COVID-19 challenges to the global economy, PURA management anticipates
continued EVERx CBD Sports Water sales growth in 2021.
PURA owns a license to a U.S.
Patented cannabis extraction process backed by extensive university medical
research. The license, issued by NCM Biotech, is exclusive for beverages,
edibles and cosmetics among other uses. NCM Biotech is focused on medical
research and Puration has access to that research.
Alkame
Holdings, Inc. (OTC:
ALKM) currently bottles PURA's EVERx CBD Sports Water. As part of a growing partnership, PURA has
recently acquired a five percent stake in ALKM.
In conjunction with that growing partnership, ALKM and PURA plan to
pilot the production of multiple new CBD infused consumer products.
ALKM and PURA recently announced the
two companies plan to produce and test market a CBD infused liquid sugar, a CBD
infused pet food supplement and a CBD sexual wellness flavored lubricant.
Elixxer
Ltd. (TSX-V:
ELXR) (OTCQB:
ELIXF) announced its
latest achievements of its largest holding Little Green Pharma Ltd. (LGP). LGP
has achieved the following major milestone validating their investment:
The French Agency for the Safety of
Medicines and Health Products (ANSM) has selected Little Green Pharma as 1 of 4
companies that will supply France’s medical cannabis pilot program. Under the
program, participants will be provided with free products to patients that enol
in the trial. LGP will be a both a main & substitute supplier for CBD
sublingual oils.
Currently Elixxer holds 27.4M shares
of LGP and as of January 27, 2021 the closing price was $0.64 per share on the
ASX, click link: LGP Share Price
Elixxer will update the investors
via press release on further developments from its holdings.
Investor ideas reminds all
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