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Tuesday 16 February 2021

Investorideas.com - Statement from DPA New York State Director Melissa Moore on Gov. Cuomo 30-Day Amendments to Marijuana Legalization Bill

Investorideas.com - Statement from DPA New York State Director Melissa Moore on Gov. Cuomo 30-Day Amendments to Marijuana Legalization Bill

Investor Ideas #Potcasts 531, #Cannabis News and #Stocks on the Move; (CSE: $IPOT.C) (TSX: $HEXO.TO) (NYSE: $HEXO) (TSXV: $NDVA.V) (TSX: $FAF.TO)

 

Investor Ideas #Potcasts 531, #Cannabis News and #Stocks on the Move; (CSE: $IPOT.C) (TSX: $HEXO.TO) (NYSE: $HEXO) (TSXV: $NDVA.V) (TSX: $FAF.TO)

 


Delta, Kelowna, BC, February 16, 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/2021/021621-StocksToWatch.mp3

 

Read this in full at https://www.investorideas.com/news/2021/cannabis-potcasts/02161IPOT-HEXO-NDVA-FAF.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 will be looking at a few public and private company announcements.

 

Isracann Biosciences Inc.  (CSE: IPOT) (OTC: ISCNF), an Israel-based company focused on becoming a premier low cost, high quality cannabis producer announced that its flagship Hefer Valley-based Ein Hahoresh Farm is in full readiness to commence growing and production activities.

 

With the phase one 54,000 sq. ft. of greenhouse canopy fully constructed and extensive processing capability in-place, Isracann is moving rapidly towards the commencement of industrial-scale operations aimed at servicing both domestic and European export markets in 2021.

 

The Ein Hahoresh farm operations and construction teams recently expanded the onsite post-harvest facility in preparation to meet increased demand from regional partners representing both domestic and export market sales opportunities. Subject to final Security and Ministry of Health approvals for the requisite farm operating license, the Company is preparing the property for imminent production activities.

 

Currently, Isracann and its local consultants have scheduled the commencement of planting for early March to coincide with the start of optimal climatic conditions, subject to the timely receipt of final government approvals.

 

Isracann COO Matt Chatterton comments, “We are pleased to report that we have concluded every step as outlined by our regional consultants who have brought proven and invaluable experience in working with the Israeli government. Additionally, it should be noted that the various representatives of the ministries involved have been professional, open, and forthright in their dealings with us at all times. Everyone has been working within the context of the global pandemic and we are grateful to all concerned to have achieved so much during what have been extremely trying times. We look forward to reporting on the conclusion of the upcoming inspections and confidently anticipate an exciting period of activity ahead as we continue to build, grow and create value in Israel.”

 

HEXO Corp. (TSX: HEXO) (NYSE: HEXO) and Zenabis Global Inc. (TSX: ZENA) announced that they have entered into a definitive arrangement agreement (the "Arrangement Agreement") under which HEXO will acquire, by way of court-approved plan of arrangement under the Business Corporations Act (British Columbia), all of Zenabis’ issued and outstanding common shares in an all-share transaction valued at approximately $235 million. Under the terms of the Arrangement Agreement, Zenabis shareholders will receive 0.01772 of a HEXO common share in exchange for each Zenabis common share held (the “Exchange Ratio”). The Exchange Ratio implies a premium per Zenabis common share of approximately 19% based on the 20-day volume-weighted average price ("VWAP") of Zenabis common shares on TSX and HEXO common shares on TSX as of February 12, 2021. Warrants and incentive securities of Zenabis will be adjusted in accordance with their terms to ultimately become exercisable to receive common shares of HEXO based on the share exchange ratio.

 

The Transaction was unanimously approved by the board of directors of each of HEXO and Zenabis (in the case of Zenabis’ board of directors, after receiving the unanimous recommendation of a special committee formed for purposes of the Transaction), and Zenabis’ board of directors unanimously recommends that its shareholders vote in favour of the Transaction.

 

Transaction Highlights

      Strengthened domestic brands: Based on HEXO’s and Zenabis’ most recent interim quarterly financial statements and results, and those of the other top licensed producers in Canada, the combined organization would be a top three licensed producer in terms of combined Canadian recreational cannabis sales.

      Foothold in Europe: The Transaction gives HEXO immediate access to the European medical cannabis market through Zenabis’ local partner, with an established facility in the European Union supplying pharmaceutical products to the European market. The facility also serves as a European Union Good Manufacturing Practice packaging and distribution centre for medical cannabis products produced in Zenabis' Atholville Facility.

      Accretive synergies: HEXO estimates that the combined entity may realize annual synergies of approximately $20 million within one year of close, through cost of goods reductions, additional capacity utilization in HEXO’s Belleville Centre of Excellence and selling, general and administrative savings, which, if realized, should allow HEXO to continue its path towards positive earnings.

      Capacity boost with state-of-the-art cultivation infrastructure: The proposed Transaction would give HEXO access to licensed capacity to produce approximately 111,200 kg of additional high-quality cannabis annually. The Transaction would result in HEXO acquiring two indoor facilities (approximately 635,000 sq. ft.) and access to a 2.1 million sq. ft. greenhouse facility, totalling approximately 2.735 million sq. ft. of near-term cultivation space offering diversified growing and production techniques. This provides a platform for growth and foundation from which to strengthen and diversify our portfolio of brands.

 

“We're thrilled to welcome the Zenabis team into the HEXO family. Zenabis has built solid relationships and they share HEXO’s vision of bringing exceptional branded cannabis experiences to adults everywhere, in Canada and abroad” said Sebastien St-Louis, CEO and co-founder of HEXO Corp. “We are proceeding with this transaction because we believe it should be accretive for our shareholders, and it also positions HEXO for accelerated domestic and international growth while supporting near-term requirements for additional licensed capacity. HEXO’s growth strategy includes expanding our global presence, and this acquisition is an important step in that direction.”

 

“This is a compelling combination. Our brands and strains strength across Canada, coupled with our international footprint and state of the art low cost and high quality cultivation facilities complements HEXO’s business, creating an industry leader. Like HEXO, Zenabis believes that the combination should deliver meaningful synergies, a stronger financial position with increased flexibility, and should position the combined company to meet growing consumer demand on a national and international basis. I believe this transaction is beneficial to our shareholders, customers, partners, and employees. We look forward to working closely with HEXO to complete this transaction," added Shai Altman, CEO of Zenabis.

 

Sundial Growers Inc. (NASDAQ: SNDL), a Canadian licensed producer of recreational cannabis and Indiva Limited (TSXV: NDVA) (OTCQX: NDVAF), a leading Canadian producer of cannabis edibles, announced a $22,000,000 strategic investment into Indiva by Sundial.

 

The Investment will be completed in the form of a brokered private placement led by ATB Capital Markets Inc. of 25,000,000 common shares of Indiva at a price of $0.44 per Common Share, to raise gross proceeds of $11,000,000, and a non-revolving term loan facility to Indiva in the principal amount of $11,000,000. It is anticipated that Sundial will be the sole subscriber in the Placement. Proceeds to Indiva, net of fees, commissions and expenses are expected to be approximately $20.9 million.

 

"Sundial is pleased to support the development of Indiva's high-quality products," said Zach George, Chief Executive Officer of Sundial. "This transaction broadens our exposure to the rapidly expanding cannabis edibles category."

 

Indiva intends to use the net proceeds of the Placement and Term Loan to retire its outstanding debt in full, which includes its demand loan and promissory note, as well as for working capital and other general corporate purposes.

 

"We are delighted to welcome Sundial as a strategic investor in Indiva," said Niel Marotta, President and Chief Executive Officer of Indiva. "The capital from this $22 million investment significantly improves Indiva's balance sheet, expands our working capital, and provides the resources necessary to support strong growth in our business.  Indiva will now have the ability to make additional capital investments, primarily into automation, which will drive higher throughput and profitability, while ensuring our product quality maintains the best-in-class standard our customers and clients depend upon.  Indiva's bolstered financial strength will ensure we can defend our market share position as a top edibles producer in Canada, and continue to bring new and innovative cannabis products to of-age Canadians."

 

Sundial and Indiva intend to complete the Investment on or about February 23, 2021, subject to certain conditions customary for transactions of this nature, including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange.

 

The securities issued under the Placement will be subject to a statutory hold period of four months and one day following the closing of the Placement.

 

Indiva has agreed to: (a) pay to ATB a cash commission equal to 3.0% of the aggregate gross proceeds received by Indiva from the Placement from Sundial and 6.0% of the aggregate gross proceeds received by Indiva from the Placement from subscribers other than Sundial, if applicable; and (b) pay to the Agent a cash commission equal to 2.0% of the total loan commitment under the Term Loan.

 

 

Fire & Flower Holdings Corp. (TSX: FAF) (OTCQX: FFLWF), a leading cannabis retailer with a proprietary e-commerce and digital retail platform, today announced that it has submitted an initial application to list its common shares on the Nasdaq Stock Market.

 

The anticipated Nasdaq listing is part of Fire & Flower's growth strategy which is focused on expanding its brand to markets outside of Canada. The Company anticipates that the Nasdaq listing will assist in attracting retail and institutional investors interested in Fire & Flower's international growth ambitions as well as provide the Company with increased access to strategic partners, deal-flow and value creation opportunities.

 

Trevor Fencott, Chief Executive Officer of Fire & Flower, commented, "We are firmly committed to building Fire & Flower into one of the leading cannabis retailers in the world.  Our ability to deliver a superior cannabis product and customer experience, along with our cutting-edge technology, has driven our success in Canada and strongly positions our Company for continued expansion in new high-growth markets."

 

Fencott continued, "Our focus on building a leadership position within the cannabis industry goes hand in hand with driving increased value for our shareholders.  This application to list on Nasdaq is a major step forward in expanding our shareholder base in the United States.  We will continue to pursue domestic and international opportunities for accelerated growth in the years ahead and look forward to updating our broadening shareholder base as we move ahead."

 

Fire & Flower will continue to be listed on the Toronto Stock Exchange under the symbol "FAF". The listing of the Company's common shares on Nasdaq remains subject to the review and approval of the Company's listing application and the satisfaction of all applicable listing and regulatory requirements. The Company has retained Dentons as legal counsel in connection with the application to list on Nasdaq.

 

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.

Investors can trade these stocks and other ideas on our site using our list of top stock trading apps including Robinhood , Acorn, Stash  and others.

 

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

Or www.potcasts.ca

 

Hear the investor ideas potcast on Spotify

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

Investorideas.com podcasts are also available on iTunes,  Spotify, Google Play Music, Stitcher, Spreaker,   YouTube via Spreaker,  iHeartradio and Tunein.

 

Potcasts is now a certified word mark Trademark on the blockchain through Cognate, Inc. CM Certification-Registration Number: 10468217708

 

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 Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

 

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Friday 12 February 2021

Investorideas.com - Cannabis Stock News: The Green Organic Dutchman Holdings (TSX: $TGOD.TO) ($TGODF) Provides Statement Regarding its Wholly Owned Subsidiary HemPoland

Investorideas.com - Cannabis Stock News: The Green Organic Dutchman Holdings (TSX: $TGOD.TO) ($TGODF) Provides Statement Regarding its Wholly Owned Subsidiary HemPoland

Investorideas.com - Cannabis Stock News: The Valens Company (TSX: $VLNS.V) (OTCQX: $VLNCF) Expands Product Distribution Capabilities with Amended Health Canada Licence to Sell Dried Cannabis Products

Investorideas.com - Cannabis Stock News: The Valens Company (TSX: $VLNS.V) (OTCQX: $VLNCF) Expands Product Distribution Capabilities with Amended Health Canada Licence to Sell Dried Cannabis Products

Investor Ideas #Potcasts 530, #Cannabis News and #Stocks on the Move; (TSX: $TGOD.TO) (OTC: $TGODF) (NYSE: $ACB) (TSX: $ACB.TO) (TSX: $VLNS.TO) (OTCQX: $VLNCF)

Investor Ideas #Potcasts 530, #Cannabis News and #Stocks on the Move; (TSX: $TGOD.TO) (OTC: $TGODF) (NYSE: $ACB) (TSX: $ACB.TO) (TSX: $VLNS.TO) (OTCQX: $VLNCF)

 


Delta, Kelowna, BC, February 12, 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/2021/021221-StocksToWatch.mp3

 

Read this in full at https://www.investorideas.com/news/2021/cannabis-potcasts/02121TGOD-ACB-VLNS.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 we will be looking at a few public and private company announcements.

 

The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTC: TGODF), a leading producer of premium certified organically grown cannabis, announced that it has signed a supply agreement with CannMart, a subsidiary of Namaste Technologies Inc., making its certified organic medical cannabis products available via CannMart's online medical cannabis sales platform.

 

"Working with established players such as CannMart expands our distribution footprint within the medical cannabis market, while allowing TGOD to focus medical resources on research and innovation," commented Sean Bovingdon, TGOD's Chief Financial Officer and Interim Chief Executive Officer.  "Their reach and scale facilitate access to cannabis treatments for patients across Canada."

 

"We are pleased to welcome TGOD to CannMart.com and look forward to working closely with them to expand their reach to Canadian cannabis consumers," commented Chad Agate, CTO and VP, Marketplace of Namaste Technologies. "We continue to leverage our Marketplace Platform, VendorLink, as we are increasingly seeing the added value Namaste's innovative technology can bring to organizations such as TGOD."

 

Under the two-year term agreement, TGOD will provide CannMart with a broad portfolio of certified organic medical cannabis products, including premium dried flower, RIPPLE dissolvable powder, gummies, and teas.

 

Ikänik Farms Inc. announced that its wholly owned, Colombian subsidiary Pideka SAS ("Pideka"), has successfully completed the first commercial sale and exportation of THC or tetrahydrocannabinol, (the psychoactive ingredient in cannabis) to Mexico, for use in Formula Magistral.

 

"We are excited to participate in this groundbreaking moment for the cannabis industry and the countries of Mexico and Colombia, as the first Colombian company to export psychoactive cannabis oil to Mexico. We would like to thank both governments for their roles, ensuring this collaborative effort remained a top priority." said Borja Sanz de Madrid, President of Ikänik Farms, International.

 

Working hand in hand with both governments, the Company was successfully able to obtain all certifications and permissions, needed to legalize the process and complete its 15-step procedure required to export psychoactive cannabis products from Colombia to Mexico.

Ikänik Farms legalized the exportation process of psychoactive cannabis in Colombia, making it the first company to successfully complete a "commercial sale" for export.

 

Looking ahead, the company will provide cannabinoid solutions through formula magistral in LATAM to treat epilepsy, cancer, pain, nausea, anxiety, insomnia and support the growing demand of the EU marketplace.

 

"We are proud to have participated in this historic moment and look forward to our growth, servicing the global cannabis market." said Brian Baca, CEO of Ikänik Farms.

 

Ikänik Farms intends to list on the Canadian Securities Exchange.

 

Canadian neurotech start-up Zentrela today announced the completion of an $850K seed round led by Jornic Ventures.

 

The investment will be used to further commercialize Zentrela's proprietary EEG test for cannabis impairment and create the world's largest scientific database of cannabis product effects1. In 2019 the company raised $1.2M in funding from the Ontario Brain Institute and various government agencies to fund prototype development and clinical trials.

 

The neuroscience of cannabis is advancing quickly at pace with the speed of deregulation, as government regulators, license producers, drug testing experts, law enforcement officials and recreational cannabis users seek to better understand cannabis and its effects on the brain.

 

"Our research has already identified several proprietary signatures related to how cannabis impacts the brain. We are now cataloguing the entire universe of effects for Cannabis 2.0 products. This goldmine of data will help unlock new insights and opportunities for licensed producers and enable cannabis consumers to make more informed purchase decisions to ensure responsible and enjoyable cannabis use," says Israel Gasperin, Zentrela CEO and founder.

 

"We expect innovative cannabis 2.0 products will trigger the next wave of growth in the cannabis sector, especially as US markets continue to deregulate and the prospect of national US legalization becomes more real," says Richard Sansom, President of Jornic Ventures. "Zentrela's unique and scalable neuroscience-based methodology solves a major challenge for the industry and promises to provide a rapidly growing universe of cannabis users with the information they demand and need safe and enjoyable cannabis use."

 

Zentrela's approach combines proprietary artificial intelligence algorithms with deep neuroscience expertise to decode electrical brain activity and convert it into reliable and meaningful information.

 

"The potential for neuroscience has exploded as artificial intelligence and machine learning algorithms have matured. We can now isolate neural 'signatures' of product effects and use that information rapidly to accelerate the process of mapping specific cannabis product effects for consumers," says Gasperin.

 

High Tea Cannabis Co. announced the opening of its flagship cannabis store in Brampton, Ontario and its commitment to achieving zero-emission delivery by utilizing its fleet of Tesla vehicles.

 

High Tea will open its doors to the public officially on February 12, 2021 with some clear market differentiators at play that will appeal to its customers.

 

“Prior to the pandemic, visions for High Tea included a space that moved beyond just cannabis retail but included social, experiential interactions and integrative wellness offerings that would distinguish our brand from other retailers in the space,” said Paul Joo, CEO of High Tea Cannabis Co. “However, amid the pandemic, we have put these social integrations aside for the moment and will instead focus on grounding the customer experience through premium cannabis offerings, reliable delivery and curbside pickup.”

 

While the social and interactive components may not be available at the outset, High Tea will still be setting itself apart through its unique delivery vehicles, where more than half of the fleet will be operating via Tesla cars.

 

“Growth in e-commerce has meant that there are more delivery vehicles on the road than ever before, and we want to do our part to reduce our carbon footprint. High Tea is committed to sustainability and our goal is to expand our availability of Tesla vehicles and achieve zero-emissions delivery for all orders in the future,” said Joo.

 

Located inside Kennedy Square Mall, High Tea will be adding much-needed offerings to the budding community of Brampton. Today, more than 600,000 residents call Brampton home with significant population growth expected year over year. Despite this annual population growth, there are only five legal cannabis stores in this area today.

 

“We see great potential for High Tea to thrive in Brampton while simultaneously offering tremendous value to the community that lives there. We had very clear characteristics that we were looking for when selecting the location for our flagship store, and Brampton hit each element including a thriving population, space for opportunity and diversity,” said Joo.

Effective February 12th, High Tea will offer fast and convenient delivery to Brampton, Georgetown, Milton, Mississauga, and Vaughan. To celebrate the opening of its flagship store, High Tea will offer $5 delivery to all accessible regions..

 

This is the first location for the High Tea brand but the company is poised to open an additional fifteen stores in 2021 in Ontario.

 

Aurora Cannabis Inc. (NYSE: ACB) (TSX: ACB), the Canadian company defining the future of cannabinoids worldwide, today announced its financial and operational results for the second quarter of fiscal 2021 ended December 31, 2020.

 

Some of their financial highlights included: Total Cannabis Net Revenue of $70.3 Million, Excluding Provisions of $2.7 Million, Up 11% over Q2 2020; Medical Cannabis Net Revenue of $38.9 Million, Up 42% Versus Q2 2020, Driven by a 562% Increase in High Margin International Medical Sales; and Adjusted EBITDA Loss, excluding Provisions and Termination Costs, of $12.1 Million Represents an Improvement of $53.1 Million Over Q2 2020; Current Loss Triggered by Several Decisions Expected to Boost Long-Term Profitability.

"Aurora had an excellent second quarter, and I'm pleased that we're advancing nicely against the plan we laid out in September of 2020," stated Miguel Martin, Chief Executive Officer of Aurora Cannabis. "For the period, our core revenue strength in medical and consumer was complemented by initial rollouts in vape products and concentrates. Combined, these elements are part of the proven, regulated CPG strategy we've adopted.  Adjusted EBITDA for the quarter, while vastly improved year over year, was impacted by several decisions that we believe will clear a path for our premium product focus and more variable cost model. We are confident that this will give Aurora maximum flexibility and position the organization to drive significant cashflow in the coming quarters."

 

"To further support this strategy, we have also focused on improving our cash burn, margins and overall financial flexibility.  To that point, our year over year cash use has decreased by 74% to $70.5 million, our normalized margins remain solid particularly in medical, and our recently amended credit facility gives Aurora much improved optionality as opportunities arise.  Combined with $565 million in cash on our balance sheet today, Aurora will continue to be a long-term player in the global cannabinoid market and increasingly positioned to deliver for shareholders over the long run."

 

The Valens Company Inc. (TSX: VLNS) (OTCQX: VLNCF), a leading manufacturer of cannabis derivative products, has received an amendment to its existing Health Canada standard processing licence permitting the sale of dried cannabis products to authorized provincial and territorial retailers in Canada. This licence amendment allows The Valens Company to distribute next generation dried cannabis derivative products across the country, increasing the Company's total addressable market.

 

Pre-rolls and dried cannabis derivative products will be the latest additions to the Company's growing portfolio of in-demand offerings, which includes a variety of cannabis extract products such as vapes, concentrates, edibles, beverages, and topicals. With this new licence, The Valens Company can now offer a complete range of products to its customers in the Canadian recreational cannabis market.

 

"At the request of our partners we are increasing our product offering to include pre-rolls and next generation dried cannabis products," said Tyler Robson, Chief Executive Officer, Co-Founder and Chair of The Valens Company. "We believe that this licence, paired with our low-cost platform, will drive a competitive advantage for our partners in a category with price sensitive consumers."

 

With access to competitively priced fresh and dried cannabis sources, Valens is strongly positioned to develop and manufacture the highest-quality dried cannabis derivative products at a category shaping value proposition. A variety of pre-roll formats, in numerous blends and sizes, are currently under development at Valens' newly-operational K2 facility located in Kelowna, British Columbia.

 

ATMA Journey Centers Inc. ("ATMA"), an Alberta-based company focused on delivering innovative psychedelic-assisted therapies internationally, announced today the launch of an innovative professional training program in conjunction with Wayfound Mental Health Group Inc. ("Wayfound") that will equip mental health professionals with the knowledge and insight to work with psychedelic medicines as they become accessible and legalized in Canada.

 

Starting in March 2021, ATMA and Wayfound will present the Psychedelic Therapy Training Program for Mental Health Professionals, which will take place through remote training as well as on-site at ATMA's Calgary Journey Center.  The training allows participants to apply for an exemption from Health Canada to experience legal psychedelic-assisted therapy using psilocybin, one of the active compounds found in 'magic mushrooms'.  Incorporating hands-on experience with psychedelics for therapists in a legal setting is a first for the mental health community in Canada.

 

David Harder, Co-CEO of ATMA, said: "While Health Canada continues to increase access to legal psychedelic-assisted therapy for patients through their recent Section 56 Exemptions, there is a growing need in the mental health industry for therapists to have the appropriate training and knowledge to facilitate this important work."

 

Each participant of the professional training program will also be assisted in obtaining their own exemption from Health Canada so that they may personally undergo psychedelic-assisted therapy.  This unique element of the training will provide each professional the personal perspective to truly understand and experience how psychedelics can benefit their patients.

 

Health Canada has recently been taking steps to increase access to psychedelic medicine through its ongoing approvals of exemptions under Section 56 of the Controlled Drugs and Substances Act (CDSA), the legislation that governs controlled substances in Canada such as psychedelics.  ATMA was the first private company in Canada to conduct legal psychedelic-assisted therapy using psilocybin on behalf of a palliative client who had been granted a Section 56 exemption.

 

Health Canada also recently completed a public consultation period regarding the Special Access Program (SAP), with a view to reversing certain regulatory changes made in 2013 that prohibited access to restricted drugs (such as psychedelics) through the SAP.

Added Harder: "We believe that Health Canada has recognized the need to consider increased access to psychedelic medicine for Canadians, and that a key element of this will be ensuring that there are professionals prepared and trained to support patients who undergo this innovative treatment."

 

The Psychedelic Therapy Training Program will commence in March and will feature a world-class faculty of instructors and practitioners that represent many of the leaders in the global psychedelic medicine community.  Confirmed instructors include Dr. Rick Doblin, Founder and Executive Director of MAPS, a U.S. based organization widely considered to be the most influential player in the growing psychedelics renaissance.

 

Harder noted: "We've seen extraordinary interest and response in this initial program, and we anticipate that this will be the first of many trainings we offer in the coming months.  Our first group is almost at capacity already, so we're working hard to expand our programming calendar to respond to the need."

 

 

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

Investors can trade these stocks and other ideas on our site using our list of top stock trading apps including Robinhood , Acorn, Stash  and others.

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

Investorideas.com podcasts are also available on iTunes,  Spotify, Google Play Music, Stitcher, Spreaker,   YouTube via Spreaker,  iHeartradio and Tunein.

 

Potcasts is now a certified word mark Trademark on the blockchain through Cognate, Inc. CM Certification-Registration Number: 10468217708

 

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 .

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