Investor Ideas #Potcasts, #Cannabis News and #Stocks on the Move: (NASDAQ: $TLRY), #Germany and #NovaScotia
Delta, Kelowna, BC, April 14, 2023
(Investorideas.com Newswire), investorideas.com, a global news source covering leading sectors
including marijuana and hemp stocks and its potcast site
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/2023/041423-Cannabis.mp3
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this in full at https://www.investorideas.com/news/2023/cannabis-potcasts/04141TLRY-Germany-Nova-Scotia.asp
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Today’s podcast overview/transcript:
In today’s podcast we go over a quick
industry announcement, Germany”s revised cannabis plan, news out of Nova Scotia
regarding medical coverage, and THC potency.
Tilray
Brands, Inc. (Nasdaq: TLRY) (TSX: TLRY), reported its financial results for the third
fiscal quarter ended February 28, 2023 earlier this week as well as announcing
that it has entered into a definitive agreement to acquire HEXO Corp. (NASDAQ: HEXO) (TSX: HEXO) for an aggregate purchase price of
approximately US$56 million, to be satisfied through the issuance of 0.4352 of
Tilray Common Stock for each outstanding HEXO share. The acquisition, which is
structured as an arrangement under applicable Canadian laws, builds on the
successful strategic alliance between the two companies and positions Tilray
for continued strong growth and market leadership in Canada, the largest
federally legal cannabis market in the world.
The completion of the Arrangement is
subject to customary and negotiated closing conditions, including HEXO
shareholder approval and court approval, and is expected to close in June 2023.
Irwin D. Simon, Tilray Brands’ Chairman and
Chief Executive Officer, stated, “During the quarter, we continued to focus on
our highest priorities: sustaining and growing the top-line across core markets
and geographies while optimizing the platform to achieve positive free cash
flow on an accelerated timeline. We are executing on both fronts and delivered
revenue growth despite challenging market dynamics across Canada, Europe, and
the U.S, as well as our 16th consecutive quarter of positive adjusted EBITDA.”
Mr. Simon continued, “Looking ahead, we are
focused on being the leading, most diversified cannabis lifestyle and CPG
company in the world. Our strategy to deliver on this vision is centered on
pursuing targeted growth opportunities, as reflected in our opportunistic
acquisitions of both Montauk Brewing Company and HEXO, which has made
significant strides in driving operating efficiency and improving profitability
while continuing to invest in industry-leading brands. We are incredibly
excited about our combined prospects moving forward with HEXO and expect a
seamless integration of HEXO’s business into our efficient, built-to-last
platform. At the same time, we will continue our relentless focus on cost and
operational efficiencies and strengthening our industry-leading balance sheet
to deliver sustained, profitable growth and shareholder value.”
In news out of Germany, its government recently presented, what many have viewed as
scaled-back plans to liberalise the country's rules on cannabis, including
decriminalising possession of limited amounts and allowing members of nonprofit
"cannabis clubs" to buy marijuana for recreational purposes.
The German government revised the plan
following talks with the European Union's executive commission. Agriculture
Minister Cem Ozdemir said EU law "sets us limits we must respect, but that
I will also say we are pushing."
Lauterbach had cautioned all along that the
government would only proceed with its original plan if it got the green light
from the EU.
The proposed system would let German
residents 18 and older join nonprofit "cannabis clubs" with a maximum
of 500 members each, which would be allowed to grow cannabis for members'
personal consumption. Individuals would be allowed to buy up to 25 grams per
day, or up to 50 grams per month -- a figure that would be limited to 30 grams
for adults under age 21.
Membership in multiple clubs wouldn't be
allowed, and authorities could limit the number of clubs. The clubs' costs
would be covered by membership fees, which would be staggered according to how
much cannabis the members use.
The health minister argued that Germany's
existing policies have failed. He said the government's aim is to offer greater
safety, protect consumers against contaminated and toxic products, and reduce
drug-related crime.
"We are not creating a problem,"
Lauterbach insisted. "We are trying to solve a problem."
He reiterated that Germany doesn't want to
emulate the model of the neighbouring Netherlands, which combines
decriminalisation with little market regulation.
The cannabis plan is one of several social
reform projects that German Chancellor Olaf Scholz's socially liberal
three-party governing coalition agreed to embark on when it took office in
December 2021.
As reported in the Star, out of Nova Scotia,
Canada a six-year-old girl and her parents were at the Nova Scotia legislature
Tuesday to lobby for the province to cover the cost of using cannabis oil to
treat her seizures.
Kaylee and Nick Jones and their daughter
Sophie were at the house of assembly to present a petition with 1,368
signatures in support of Nova Scotia covering the cost of CBD-based medicines
for children with life-threatening conditions.
The little girl was born with a rare
chromosome abnormality that causes epilepsy, ataxia, migraines, anxiety and low
muscle tone.
Kaylee Jones, 29, says the family spends
about $400 a month on the CBD oil — which she says has helped reduce her
daughter’s seizures dramatically compared to conventional medications.
The mother said the money going to pay for
the cannabis oil — which is known as Charlotte’s Angel and is produced by Nova
Scotia-based Aqualitas — is roughly equivalent to the mortgage payment on their
home.
“We’ve been sacrificing a lot of time and
effort to fundraise,“ said Kaylee Jones. ”If we could have a solution, we
wouldn’t have to worry about it. It would be a big financial burden off our
shoulders and others.“
“I know that others are going into debt for
this,“ she added. ”I think the government really needs to look at it.”
Researchers at Toronto’s Hospital for Sick
Children in 2018 reported reductions in seizures of children with Dravet
syndrome, a rare genetic form of epilepsy, who received CBD oil with a small
amount of THC.
Nova Scotia Health Minister Michelle
Thompson says her department is awaiting the results of a review by Health
Canada before approving funding of the medicine.
She said during an interview that while
she’s aware there is “real-life evidence that emerges,” the department must take
a standardised approach to approving medicines for funding.
“I think it’s important we have a
consistent way in which we add things to the formulary and there is a very
rigorous process. We have a responsibility to ensure the things we cover are
evidence-based. We want to continue to follow that process,” she said.
Thompson said that if Health Canada
provides an approval, “we’ll reconsider then.”
Kaylee Jones said Sophie’s previous regime
of anti-seizure medications had negative side-effects that led to regular
hospital visits in the first three years of her life. The CBD-based medicines
have controlled the frequency and duration of her seizures, she said, to the
point where she no longer needs trips by ambulance and has fewer migraines,
less anxiety and more mobility.
Lastly, multiple news outlets have cited a recent study regarding THC potency conducted
by researchers at the University of Northern Colorado which tested samples of
cannabis sold at several Colorado dispensaries. Overall, they found that the
product labels promised a potency higher than what was actually in the bags.
“I don’t believe what’s on the label,” said
Mit McGlaughlin, one of the authors of the study and a professor of biological
sciences at the University of Northern Colorado. “We just don’t have enough
information for consumers about whether or not you can trust what’s being
produced.”
To conduct the study, researchers bought 23
different samples of cannabis flowers from 10 dispensaries in Denver, Fort
Collins and Garden City, Colo. They tested each sample to measure the
concentration of THC, which stands for Delta-9-tetrahydrocannabinol.
In 18 of the 23 samples, which carried
names including Sour Amnesia, Danky Kong and Colombian Gold ’72, the researchers
found levels of potency below what was listed on the labels. Depending on the
bag tested, some products contained 40 to 50 percent less THC than the labels
promised. The amount of THC detected in the lab was, on average, 23 percent
lower than the amount listed on the bags of cannabis.
“These results make clear that consumers
are often purchasing cannabis that has a much lower THC potency than is
advertised,” the authors of the study concluded.
It has been suggested by some researchers
that there is not enough oversight of the dose of THC a person might get when
buying marijuana, whether it is to be smoked, vaped or eaten. One reason for
the lack of oversight is that cannabis remains illegal under federal law,
meaning that standards related to retail and medical use vary by state.
“We have a hodgepodge of rules and
regulations within each state,” said McGlaughlin. “It’s really hard to have to
do that on a state-by-state basis.”
While this story is nothing new to the
industry which has had issues with products being accurately labelled, even in
Canada where there are federal guidelines or even in the medical market with
regards to oils and tinctures, the problem does work to delegitimize the
industry as a whole.
This also raises an interesting question
regarding how THC works on the consumer as many early news stories and
continued narratives surrounding the cannabis industry are focussed on the
dangers of high THC cannabis.
If the THC was all lower than suggested,
were these supposed “green outs” accurately reported and have the dangers
surrounding high THC cannabis been misreported?
Many within the industry have discussed the
“entourage effect” which is how THC, CBD and indeed all of the cannabinoids
work together in tandem with the overall terpene content is what effects the
overall “high” much more so than THC alone.
When discussing cannabis from a layman's
perspective THC is often front and centre of every conversation.
Too much THC is dangerous, (supposedly).
Hemp with any traces of THC, isn’t
considered hemp.
THC gets you “high”.
But in reality THC is just one of many
components that create the overall effect from cannabis, both for the medicinal
benefits and the overall psychotropic effect.
Many experts who work with the plant know
that comparing cannabis to alcohol makes little to no sense when considering
the overall effect created from the plant, how the plant can be utilised as a
medicine, how the plant can be utilised as a textile, or how to regulate the
plant. THC content is not similar to alcohol content, the same goes for how it
is stored in our system.
Until regulators, consumers and media
outlets wake up to this reality we will continue to see propaganda regarding
either the dangers or the benefits of THC which unfortunately distracts from
the amazing plant science being conducted on a massive scale. Cannabis affects
the mind and body in a fundamentally different way than alcohol and so when we
look at major steps the industry needs to take to evolve, moving away from the
THC based model of advertising, consuming, growing and regulating is a
necessary step.
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