Investorideas.com newswire, breaking news for marijuana, cannabis and hemp stocks

Friday, 4 June 2021

Cannabis Stock News: BevCanna's Naturo Group (CSE: BEV) (OTC: BVNNF) Announces National Retail Expansion for TRACE Line of Beverages

Cannabis Stock News: BevCanna's Naturo Group (CSE: BEV) (OTC: BVNNF) Announces National Retail Expansion for TRACE Line of Beverages

Investor Ideas #Potcasts 572, #Cannabis News and #Stocks on the Move (CSE: $PLTH.C) (OTCQB: $PLNHF), (NASDAQ: $CRON) (TSX: $CRON.TO), (TSX: $VLNS.TO) (OTCQX: $VLNCF)

 



 

Investor Ideas #Potcasts 572, #Cannabis News and #Stocks on the Move (CSE: $PLTH.C) (OTCQB: $PLNHF), (NASDAQ: $CRON) (TSX: $CRON.TO), (TSX: $VLNS.TO) (OTCQX: $VLNCF)

 

Delta, Kelowna, BC, June 4, 2021 (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/2021/060421-StocksToWatch.mp3

 

Read this in full at https://www.investorideas.com/news/2021/cannabis-potcasts/06041PLTH-CRON-VLNS.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 private and public company announcements.

 

Planet 13 Holdings Inc. (CSE:PLTH) (OTCQB:PLNHF), a leading vertically-integrated Nevada cannabis company, welcomes recently passed bill 341 allowing existing licensed dispensaries to operate a consumption lounge co-located with the dispensary. Planet 13 has reserved an expansive dedicated space within the Las Vegas SuperStore for a consumption lounge which it will look to get built as soon as possible.

 

"We are thrilled that after the long wait, Nevada will finally be home to consumption lounges. We've long believed that tourists needed a safe, legal, and enjoyable place to consume cannabis and have been planning for a consumption lounge at the SuperStore since the bill was originally proposed two years ago," said Bob Groesbeck Co-CEO of Planet 13. "Our SuperStore is one of the only dispensaries with the space on site and the proximity to the Las Vegas Strip to create a truly Vegas style club. As with the rest of our dispensary we look forward to setting the bar and showing the industry what is possible when your goal is to Out Vegas, Vegas."

 

Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON), an innovative global cannabinoid company, and Ginkgo Bioworks, Inc. (“Ginkgo”), which is building the leading horizontal platform for cell programming, today announced an amended collaboration and license agreement (the “Amended Agreement”) that will enable the companies to accelerate the commercialization of cultured cannabinoids at scale.

 

The Amended Agreement with Ginkgo will enable Cronos Group to commercialize products using cultured cannabinoids ahead of reaching the originally stated productivity targets, while maintaining the incentives to continue to develop towards and achieve the previously agreed upon efficiency and cost goals. This approach is expected to facilitate Cronos Group’s cultured cannabinoid products being first to market in Canada, which will drive significant market knowledge and consumer insights that are expected to help deliver future novel and innovative consumer-driven products. Cronos Group expects that the final productivity target for CBG will be achieved prior to September 2021, as previously announced.

 

The Amended Agreement follows the receipt of Cronos Fermentation’s processing license in April 2021, and most recently the receipt of its CRA license. With the Amended Agreement and both licenses in hand, Cronos Fermentation commenced commercial production of CBG today. Cronos Group is prioritizing rare cannabinoids, such as CBG, and plans to sequence commercial production and subsequent product launches based on this approach.

 

“Beginning commercial production demonstrates the significant progress underway with our Ginkgo partnership and the competitive benefits we see in being first to market with innovative consumer products,” said Kurt Schmidt, President and Chief Executive Officer of Cronos Group. “Cannabis holds many unique compounds with a wide range of potential use cases and benefits. By leveraging Ginkgo’s research platform and our fermentation manufacturing capabilities, we believe we have disruptive technology that can deliver rare cannabinoids at scale and elevate the consumer experience.”

 

“Biological manufacturing is unlocking access to important cannabinoids that can be scaled up and produced reliably, consistently and economically,” said, Jason Kelly, Chief Executive Officer and Co-Founder of Ginkgo. “We look forward to continuing our work with Cronos to facilitate innovation bringing this powerful technology to the cannabis industry.”

 

Goodleaf Company, the leading cannabis brand in South Africa, has merged with Highlands Investments, formerly Canopy Growth Africa, in a deal valued at almost $50million. The transaction has resulted in the largest vertically integrated cannabis operation in Africa, with an investment in excess of $25million to date.

 

"We are delighted to conclude this merger, and in doing so create Africa's first truly seed-to-sale offering," says Warren Schewitz, Founder and CEO of Goodleaf. "It's always been our intention to create a world-class global brand, and as we scale, access to high-quality supply is essential, which Highlands affords."

 

"This transaction brings together two of the biggest cannabis players in Africa," says Jody Aufrichtig, Founder - Highlands Investments. "Highlands is the first ISO 22000 grade cannabis producer in Africa, the quality of our product is world-class, this combined offering will enable us to make significant inroads globally, because we can compete both on quality and price."

 

Goodleaf, a premium CBD brand, has commercialized a portfolio of 30 products in multiple categories, and has well established distribution lines through retail stores, online, wholesale, and coffee shops in South Africa. Goodleaf's products will soon be exported to retailers in Asia and Europe.

 

"Consumers are demanding quality products with a known origin," says Schewitz. "Lesotho's pristine growing environment, combined with Highlands commitment to GACP ("Good Agricultural and Collection Practices") and ISO 22000 standards, ensures access to a reliable, certified high-quality supply."

 

Highlands has a track record of producing premium CBD flower. In April 2021 it concluded its fourth harvest in Lesotho, the outdoor harvest yielded almost six tonnes of premium cannabis; a significant portion is destined for the European medical cannabis market. Highlands will continue to supply bulk CBD and THC flower, distillate and isolate to global medical and wellness markets.

 

"This is a transformational transaction for Goodleaf as we have diversified our business into a fully seed-to-sale offering, strengthening our leadership position in the South African cannabis market. It provides a low cost production base for our product range as we expand into global markets," Schewitz concludes.

 

Under terms of the transaction, Highlands' shareholders will have 35% shareholding in the merged entity, with Goodleaf being the majority shareholder at 65%. The merged entity will continue to trade as Goodleaf and Highlands Investments.

 

The Valens Company Inc. (TSX: VLNS) (OTCQX: VLNCF), a leading manufacturer of cannabis products, announced that it has launched several new products in partnership with Verse Cannabis in the flower, pre-roll, concentrates, and edibles categories. With the continued launch of next-generation, high quality cannabis products across various categories, Valens continues to partner with Verse to further its mission to provide all Canadians with best-in-class formulations in innovative formats at value price points.

 

The new products launched under the Verse Originals line include BC God Bud Flower, Dreamweaver Pre-Rolls and Amp Pre-Roll, in addition to the Double Chocolate Brownie – one of the first confectionery products of its kind to hit the Canadian recreational market. Additionally, the newly launched Killer Kush Live Terp Vape Cartridge and Hash will be available as part of the Verse Concentrates offering. The launch of these new products marks Valens' entry into the flower and pre-roll categories, an offering expansion at the request of its customer base which is represented by many leading cannabis companies in the country. Additionally, the Company has expanded its concentrates product offering in the market to include hash and live terp vape cartridges.

 

"With these new additions to the Verse Originals and Verse Concentrates lines, Valens now has products across all cannabis categories in the Canadian recreational market," said Tyler Robson, Chief Executive Officer, Co-Founder and Chair of The Valens Company. "With our proven ability to create innovative products across all categories, we have not only increased our total addressable market in Canada, but now hold the capability to increase partnership opportunities with our enhanced product offering, reach more consumers with our expanded distribution network, and elevate both the quality and value of products in the Canadian market today."

 

Verse Originals

Verse Originals dried cannabis products are formulated using premium BC grown bud, available at an attractive price point without sacrificing quality.

 

BC God Bud Flower

Offered in a 28g pouch, the indica-dominant flower originates from the Purple Kush lineage and features tropical fruit flavours with undertones of berry, lavender and pine. BC God Bud Flower is expected to be available in Alberta, British Columbia, Manitoba, Saskatchewan and New Brunswick in the coming weeks, and Ontario in the third quarter of 2021.

 

BC Dreamweaver Pre-Rolls

Housed in a recyclable metal tin, the 10-pack indica-dominant 0.35g pre-rolls are flavoured with hints of citrus and tastes of fresh, earth berries from the OG Kush lineage. The BC Dreamweaver Pre-Rolls are expected to be available in the coming weeks in Alberta, British Columbia, Manitoba, New Brunswick and Saskatchewan, and coming to Ontario in the third quarter of 2021.

 

Amp Pre-Roll   

Carefully milled, mixed and packed for an enjoyable steady burn, the 1g Amp Pre-Roll contains a uniquely curated blend of complementary strains with an energetic, intense and vibrant flavouring. Each pre-roll is machine slim-rolled using proprietary technology containing moisture sensors and a weight system to ensure product consistency, size and shape within the manufacturing process. Packaged in a convenient, reusable flip top single package, the Amp Pre-Roll is expected to be available in Alberta, British Columbia and Saskatchewan in the coming weeks and coming to Manitoba in the third quarter of 2021.

 

Double Chocolate Brownie

Following the success of the Baked Apple and Sour Medley Soft Chews introduced to the market in the first quarter of 2021, Verse Cannabis has launched its third edible product under the Verse Originals line, the Double Chocolate Brownie. Infused with a decadent chocolate ganache and expertly crafted by the team at LYF Food Technologies, the 1-unit x 10mg Double Chocolate Brownie is one of the first confectionery products of its kind to be available in the Canadian recreational market. The Double Chocolate Brownie is expected to be available in Ontario in the third quarter of 2021 as part of a growing selection of soft chews and confectionery products from Verse Cannabis.

 

Verse Concentrates

The Verse Concentrates premium line of solventless concentrates continues to expand to include two new formats created with traditional techniques to ensure exceptional quality and remarkable consistency in the manufacturing process.

 

Killer Kush Live Terp Vape Cartridge

The first to launch in a series of Live Terp products from Verse Concentrates, the Killer Kush Live Terp Vape Cartridge is curated using a specialized method of CO2 extraction to carefully remove the complete terpene rich profile of fresh, flash-frozen ultra-premium and BC sun grown Killer Kush cannabis. Through this process, the fresh live terpene and cannabis profile of the strain is maximized, translating the essence of the living plant into an extract comprised of exotic notes and deep profiles. Now available in Alberta, British Columbia and Saskatchewan, the Killer Kush Live Terp Vape Cartridge is expected to be coming soon to Ontario, Manitoba and New Brunswick.

 

Hash

With a dense but pliable consistency, Verse Hash contains a unique mix of terpenes that deliver a bold nose of earthy, pine with light peppery undernotes. Verse Hash is offered in a convenient 2g format packaged in a resealable pouch for freshness, and is expected to be available in Alberta, British Columbia and Saskatchewan in the coming weeks.

 

 

 

 

 

 

 

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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About Investorideas.com - News that Inspires Big Investing Ideas

Investorideas.com publishes breaking stock news,  third party stock research , guest posts and original  articles and podcasts in leading stock sectors.  Learn about investing in stocks and get  investor ideas in cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy, gaming and more. Investor Idea’s original branded content includes podcasts and columns : Crypto Corner , Play by Play sports and stock news , Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast ,  Cleantech and Climate Change , Exploring Mining , Betting on Gaming Stocks Podcast and  the AI Eye Podcast.     

 

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

 

New stocks in psychedelics (CSE: $MYND.C), defense, green, sports (CSE: $GET.C), health & wellness and plant-based/vegan (CSE: $VEGI.C)

 New #Stocks to Watch at Investor Ideas in Mining (CSE: $PRR.C) (CSE: $BDN.C) (CSE: $GMC.C) (CSE: $PLLR.C) and Tech (Nasdaq: $TSP) (NYSE: $COMP)

 

New stocks in psychedelics (CSE: $MYND.C), defense, green, sports (CSE: $GET.C), health & wellness and plant-based/vegan (CSE: $VEGI.C)

 

 



 

 

 

 

 

 

 

 

 

Point Roberts WA, Delta BC, June 4, 2021 – (Investorideas.com Newswire) Investorideas.com, a global news source and leading retail investor and trader resource, announces its weekly roundup of stocks to watch in psychedelics, tech, defense, green, mining, sports, health & wellness and plant-based/vegan. Today’s stocks have been added to our lists of free stock directories in each sector.

 

Read this in full at https://www.investorideas.com/news/2021/main/06041Stocks.asp

 

Once again, a number of new companies are recent Nasdaq/NYSE Ipo’s.

 

Also new are companies recently listed on the Canadian Stock Exchange (CSE).

 

New Stocks added to Mining Stocks Directory:

Prospect Ridge Resources Corp. (CSE: PRR) is a mineral exploration company engaged in the identification, acquisition and exploration of mineral projects in North America.

 

Baden Resources Inc. (CSE; BDN) is a mineral exploration company focused on the acquisition, exploration and development of mineral properties in Canada and the USA.

 

Gaia Metals Corp. (CSE:GMC) is a mineral exploration company focused on the acquisition and development of mineral projects containing base and precious metals, including platinum group elements, and lithium

 

Forty Pillars Mining Corp. (CSE:PLLR) is a Vancouver, B.C. based mineral exploration company focused on exploring the Silver Dollar Project located in the Greenwood Mining Division, B.C.

 

New Stocks added to Tech Stocks Directory:

TuSimple Holdings Inc. (NasdaqGS:TSP) is a global autonomous driving technology company, headquartered in San Diego, California, with operations in Arizona, Texas, China, Japan and Europe. Founded in 2015, TuSimple is developing a commercial-ready Level 4 (SAE) fully autonomous driving solution for long-haul heavy-duty trucks. TuSimple aims to transform the $4 trillion global truck freight industry through the company's leading proprietary AI technology, which makes it possible for trucks to see 1,000 meters away, operate nearly continuously and consume 10% less fuel than manually driven trucks.

 

Compass, Inc. (NYSE:COMP) is a leading real estate technology company, providing an end-to end platform that empowers its residential real estate agents to deliver exceptional service to seller and buyer clients. The platform includes an integrated suite of cloud-based software for customer relationship management, marketing, client service, brokerage services and other critical functionality, all custom-built for the real estate industry. Compass agents utilize the platform to grow their business, save time and manage their business more effectively 

 

New Stocks added to Psychedelics  Stocks Directory:

MYND Life Sciences Inc. (CSE: MYND) is a leading life sciences company focused on improving mental health. The Company has confirmed access to Health Canada psilocybin research and development through licenses to Chief Science Officer, Dr. Wilfred Jefferies. Patents have been filed based on therapeutic approaches to treat diseases of the Central Nervous System using neuroactive agents including psychedelics and other compounds. Research and development is currently underway.

 

New Stocks added to Defense Stocks Directory:

IDEX Biometrics ASA (NasdaqGS:IDBA) is a leading provider of fingerprint identification technologies offering simple, secure, and personal touch-free authentication for all. We help people make payments, prove their identity, gain access to information, unlock devices, or gain admittance to buildings with the touch of a finger. We invent, engineer, and commercialize these secure, yet incredibly user-friendly solutions. Our total addressable market represents a fast growing multi-billion-unit opportunity.

 

New Stocks added to Green Stocks Directory:

Karat Packaging Inc.(NasdaqGS:KRT) is a specialty distributor and manufacturer of a wide range of environmentally friendly, disposable foodservice products and related items, primarily used by national and regional restaurants and in foodservice settings throughout the United States. Its products include food and take-out containers, bags, tableware, cups, lids, cutlery, straws, specialty beverage ingredients, equipment, gloves and other products. The Company’s eco-friendly Karat Earth® line offers quality, sustainably focused products that are made from renewable resources. Karat Packaging also offers customized solutions, including new product development and design, printing, and logistics services.

 

New Stocks Added to Sports Stocks Directory:

GameOn Entertainment Technologies Inc. (CSE:GET) empowers sports and entertainment content-providers - broadcasters, TV networks, leagues and teams - with the world's most accessible and rewarding shared-viewing experiences via gamification, collectibles and other innovative technologies. On our team and board include leaders from EA Sports, Take-Two Interactive, Comcast, Dapper Labs and the Brooklyn Nets.

 

New Stocks added to Health & Wellness Stock Directory:

Element Nutritional Sciences Inc. (CSE: ELMT) is an innovative and research driven Canadian nutraceutical company specializing in the development of science­ based products for the global consumer packaged goods market, with a portfolio focused specifically on men and women over the age of 50. Element’s lead product, Rejuvenate, is a proprietary formulation that is clinically proven to assist in the rebuilding, restoration and rejuvenation of natural loss of muscle mass due to aging or other medical conditions. Element also offers JAKTRX, an elite brand of performance supplements. Element was founded in 2015 and is located in Burlington, Ontario.

 

New Stocks added to Plant-based/Vegan Stock Directory:

Boosh Plant-Based Brands Inc. (CSE: VEGI) is a Canadian company bringing fast and convenient plant-based comfort foods to the whole family. Boosh believes that going plant-based doesn’t mean you need to give up your favourite foods or flavour.

 

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

 

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.

 

About Investorideas.com - News that Inspires Big Investing Ideas

Investorideas.com publishes breaking stock news, third party stock research, guest posts and original articles and podcasts in leading stock sectors.  Learn about investing in stocks and get investor ideas in cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy, gaming and more. Investor Idea’s original branded content includes podcasts and columns : Crypto Corner , Play by Play sports and stock news , Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast ,  Cleantech and Climate Change , Exploring Mining , Betting on Gaming Stocks Podcast and  the AI Eye Podcast.

 

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.

 

Public companies within the sectors we cover use our news and content services to tell their story to interested investors. Paid for content is disclosed.  

 

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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Wednesday, 2 June 2021

Cannabis Stock News: Canadabis Capital Inc. (TSXV: CANB) Announces Commercially Reasonable Efforts Marketed Prospectus Offering of Units up to $5 Million, Concurrent Private Placement, Share Swap and Refinancing of Mortgage Facilities

Cannabis Stock News: Canadabis Capital Inc. (TSXV: CANB) Announces Commercially Reasonable Efforts Marketed Prospectus Offering of Units up to $5 Million, Concurrent Private Placement, Share Swap and Refinancing of Mortgage Facilities

Cannabis Stock News: Fiore Cannabis (CSE: FIOR) Announces First Quarter 2021 Financial Results Showing Progress of Company Turnaround

Cannabis Stock News: Fiore Cannabis (CSE: FIOR) Announces First Quarter 2021 Financial Results Showing Progress of Company Turnaround

Investor Ideas Potcasts 571, Cannabis News and Stocks on the Move; (OTC: $ROSN), (TSXV: $HITI.V) (NASDAQ: $HITI), (TSX: $CWEB.TO) (OTCQX: $CWBHF), (NYSE: $HEXO) (TSX: $HEXO.TO)

 



 

Investor Ideas Potcasts 571, Cannabis News and Stocks on the Move; (OTC: $ROSN), (TSXV: $HITI.V) (NASDAQ: $HITI), (TSX: $CWEB.TO) (OTCQX: $CWBHF), (NYSE: $HEXO) (TSX: $HEXO.TO)

 

Delta, Kelowna, BC, June 2, 2021 (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/2021/060221-StocksToWatch.mp3

 

Read this in full at https://www.investorideas.com/news/2021/cannabis-potcasts/06021ROSN-HITI-CWEB-HEXO.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 company announcements.

 

ROSINBOMB (OTC:ROSN), industry leading developer and manufacturer of the highly acclaimed ROSINBOMB line of solventless extraction presses and Industry Icon Tommy Chong, recently announced their exclusive collaboration to offer consumers a custom Tommy-art skinned Rosinbomb Rocket.

 

In celebration of the launch, Tommy was a featured guest on CannabisRadio.com’s Blunt Business Show which can be heard here.

 

During the interview Tommy expressed his excitement for this exclusive collaboration in which his personal artwork and handwritten signature adorn each Rosinbomb Tommy Chong Rocket, “This rosin press does everything people use to do manually.” He stated., “This rosin press eliminates all the heavy labor, work, time and everything else and you get the purest of the pure!” he added as reference to Rosinbomb’s mission of enabling consumers to craft pure solventless extract.

 

Rosinbomb’s CEO, Fred Angelopoulos said, “Tommy Chong stands among the very few true Industry and Cultural icons within our industry. He has touted the healing and wellness benefits of cannabis for almost 50 years and has been a leader in the industry.” Angelopoulos continued, “It has been our true pleasure and honor to have partnered with Tommy on this project and we look forward to future collaborations that celebrate Tommy, our products and the customers who appreciate us both.”

 

Ryan Mayer, Founder & President of Rosinbomb said, “Working with Tommy Chong is a testament to his legacy and our future. We are overjoyed at the positive response we’ve received from his fans and our collective customers. Mayer added, “Tommy is a legend and we felt strongly that our first collaboration with an influential figure in the industry should be with someone who is not just an ‘influencer’ but who is and always will be an icon and a champion for cannabis consumers the world over.”

 

The Tommy Chong Rocket priced at $549, is a limited offering and the presses will be individually hand signed by Tommy as part of a numbered collectible edition available exclusively at www.rosinbomb.com.

 

ROSINBOMB continues to be celebrated by experts and leading media outlets. Forbes.com called the Rocket ‘Revolutionary Technology That Creates Perfect THC/CBD Rosin Every time’ and Tech expert website Engadget named the Rocket ‘The Panini Press Of Weed.’

 

To view the complete line of Rosinbomb presses and accessories please visit http://www.rosinbomb.com.

 

To view all the other exciting and engaging products from Tommy Chong. Please visit https://tommychong.com.

 

High Tide Inc. (TSXV: HITI) (NASDAQ: HITI), a retail-focused cannabis corporation enhanced by the manufacturing and distribution of consumption accessories, announced that the Company's common shares commenced trading today on the Nasdaq Capital Market under the ticker symbol "HITI". The Company's Nasdaq listing is expected to increase access to investment in High Tide from retail and institutional investors around the world. Furthermore, with access to a much larger capital market, the Company expects to improve liquidity for its Common Shares and, in turn, optimize its cost of capital.

 

High Tide continues to retain its listing on the TSX Venture Exchange under the symbol "HITI". The ticker used for the Common Shares traded on the OTC Markets quotation system under the current symbol "HITID" has been seamlessly transferred to the new ticker symbol "HITI".

 

Furthermore, as of today, High Tide is the first major publicly traded cannabis retailer to begin trading on the Nasdaq.

 

"The listing of the Common Shares on the Nasdaq represents a milestone in the retail cannabis industry and demonstrates the realization of our efforts in turning High Tide into a first-class cannabis retailer," said Raj Grover, President and Chief Executive Officer of High Tide. "High Tide's listing on the Nasdaq gives us access to one of the world's largest capital markets and is in alignment with our long-term goals of enhancing shareholder value by increasing liquidity, optimizing our cost of capital, while furthering High Tide's appeal to international and institutional investors," added Mr. Grover.

 

 

Charlotte's Web Holdings, Inc. (TSX: CWEB) (OTCQX: CWBHF), the market leader in hemp CBD wellness products and a Certified B Corporation, today announced the collaboration of its CW Labs division on a preclinical sleep and anxiety study with the University of Colorado-Boulder's REACH (Research and Education Addressing Cannabis and Health) Center. The scientific investigation uses the Company's full spectrum hemp formulations with CBN (cannabinol) and CBD (cannabidiol) and levels of THC below 0.3% to examine the impact on anxiety and sleep quality. The Company is the only hemp CBD brand supporting the University of Colorado REACH Center's milestone study.

 

There is limited published preclinical or clinical data on phytocannabinoids other than CBD and THC, especially their effect at levels available in commercially sold hemp-derived CBD supplements. There is some anecdotal evidence on the ability of CBN to help with sleep but little substantiated clinical or preclinical evidence to validate these pervasive claims. Long term, it is anticipated that this study will inform future clinical initiatives to better understand how specific ratios of cannabinoids and different delivery formats are effective at supporting improved sleep quality and instilling healthier sleep architecture in humans.

 

"Charlotte's Web is committed to advancing science on the benefits and safety of CBD and other hemp phytocannabinoids through rigorous scientific investigations such as this sleep and anxiety study," said Tim Orr, Senior Vice President of Charlotte's Web and President of its CW Labs division, which currently has more than a dozen scientific research studies underway.

 

"We're honored to team up with CU's REACH Center to explore the potential impacts of full-spectrum hemp extract with CBD and CBN on anxiety and sleep quality."

Monika Fleshner, PhD, Professor of Integrative Physiology, and a member of the Center for Neuroscience at the University of Colorado – Boulder is the project lead, and this preclinical study will be conducted in her Stress Physiology Laboratory.  

 

"There is a great need for properly controlled experimental studies that are designed to test the potential neural and physiological impacts of hemp derived phytocannabinoids. With support from CU REACH and Charlotte's Web, our research will explore both the efficacy and mechanisms of how these substances can affect complex brain-mediated behavior, such as disturbed sleep."

 

HEXO Corp. (NYSE: HEXO) (TSX: HEXO) , an Ottawa, Ontario-headquartered consumer packaging goods cannabis company, announced a definitive agreement to acquire Redecan, Canada’s largest privately owned licensed producer. HEXO promoted the C$925-million deal as one that will help propel the company to its goal of being the No. 1 licensed producer by market share in Canada.

 

This acquisition follows two other major deals by HEXO this year, including all-share acquisitions of Zenabis Global Inc. to the tune of $235 million in February and 48North Cannabis Corp. for $50 million earlier this month.

 

Founded in 2013, HEXO’s $925-million acquisition of Redecan will be its largest deal yet, CEO Sébastien St-Louis told Cannabis Business Times.

 

“Well, I’ve never been afraid of price tags,” he said. “What I look for is what’s the fundamental value. [Redecan] had the best growth in the whole industry. So, 169 percent growth year-over-year. They’re the most profitable licensed producer in the industry. And there was a beautiful product overlap. So, from that perspective, it was a hard opportunity to say no to.”

 

When the transaction closes—expected in the third quarter of 2021—HEXO will hold approximately 17% of the adult-use market share in Canada, according to St-Louis. That percentage, he believes, would provide HEXO a bigger piece of the Canadian market than the Tilray-Aphria combo, which closed a megadeal earlier this month, he said.

 

In particular, HEXO will hold top market-share positions in Canada’s four largest markets: Alberta, British Columbia, Ontario and Quebec. Those four provinces represent approximately 85% of Canada’s population.

 

Under the terms of their share purchase agreement, HEXO will pay Redecan shareholders $400 million in cash and $525 million through the issuance of HEXO common shares at an implied price of $7.53 per share.

 

Redecan has not traditionally had access to the Quebec market, which is where HEXO was founded. Meanwhile, Redecan is far ahead of HEXO in the Ontario market, St-Louis said. From a distribution perspective, there are different retailers and government entities that control those markets.

 

Also making Redecan attractive to HEXO is its consumer loyalty, St-Louis said.

Redecan is ranked No. 1 in the purchase-to-loyalty conversion metric, with 44% of consumers who purchase Redecan indicating they would repurchase the brand, according to Brightfield Group’s brand health portal for Canada. Redecan is also ranked in the top 10 for converting consumers from awareness to purchase rate, indicating an overall healthy funnel, according to Brightfield data that is fielded quarterly via consumer survey and is normalized on age, gender and province.

 

“Redecan’s unwavering focus on the consumer, along with lean operating principles and highly efficient automated manufacturing technology, have allowed us to establish a significant presence in the Canadian market,” Redecan co-founder Will Montour said in the press release announcing the acquisition. “We’ve now entered a phase where scale is key, and our complementary consumer bases, brand portfolios and distribution relationships can enhance financial performance.”

 

“We really didn’t step on each other’s toes,” he said. “The crown jewel from an intellectual property perspective is their ‘Redees.’ They have put together a technology to make marijuana cigarettes that [are] the best in the world. So, bringing that in as an offering that we then as HEXO can bring into the United States is very exciting.”

 

HEXO and Redecan’s combined strengths should provide a platform for global growth, leveraging HEXO’s international reach, St-Louis said. HEXO already has a foot in the U.S. market with CBD beverages available in Colorado under its Truss Beverages brand.

While the Canadian market has a bright future, HEXO is positioning itself for future expansion in the U.S. and Europe with the intention of becoming one of the top three largest cannabis companies in the world, St-Louis said.

 

“If we just hold our market share in Canada, Canadian markets should grow two to three times over the next few years,” he said. “So, there’s a lot of upside just in Canada. But we’re quite focused on the United States right now. We think that there’s an opportunity for us to take a lot of our intellectual property and export that to the United States. So, [we want] to take our product line and do things like pre-rolls for the multistate operators and do things like hash for the multistate operators.”

 

The acquisition is pending approval from the Competition Bureau Canada as well as HEXO shareholder voters, which St-Louis said he foresees as favorable in closing the transaction.

 

“Joining the HEXO team will leverage our combined strengths and accelerate our growth within Canada and internationally,” Redecan co-founder Pete Montour said in the press release. “We look forward to building a leading global organization together.”

 

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