Investor Ideas #Potcasts; #Cannabis News and Stocks on the Move; TSX: $TGOD.TO, TSXV: $ICC.V, TSXV: $SCYB.V, CSE: $CROP.C, CSE: $MYM.C, CSE: $MDM.C
Pt. Roberts, WA; Delta, BC - June 5, 2018 (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 edition of its series, Investorideas.com potcastsCM - cannabis news and stocks to watch plus insight from thought leaders and experts.
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Investor Ideas #Potcasts; #Cannabis Stocks on the Move; TSX:TGOD, TSXV:ICC, TSXV:SCYB, CSE:CROP, CSE:MYM, CSE:MDM
Today's podcast overview/transcript:
Good afternoon and welcome to another Investorideas.com potcast - looking at cannabis news, stocks to watch as well as insights from thought leaders and experts. Today we are looking at announcements from The Green Organic Dutchman (TSX::TGOD) , ICC Labs Inc. (TSXV:ICC), Scythian Biosciences Corp. (TSX-V: SCYB) , CROP Infrastructure Corp. ( CSE: CROP) , MYM Nutraceuticals Inc. (CSE: MYM) and Marapharm Ventures Inc. (CSE: MDM).
Cannabis stocks were generally trading up today due to company announcements and a recent report from Deloite. Stocks like MDM traded up at $0.50, MYM up at $1.40 and TGOD up at $7.09.
Deloite reported that Canadians are expected to spend as much as $7.17 billion on cannabis products in 2019 and increase their overall consumption by up to 35 per cent once recreational cannabis is legalized later this year. Legal recreational cannabis sales could generate up to $4.34 billion in sales, accounting for more than half of total cannabis sales, but the illegal market could still be worth more than $1 billion a year.
The Green Organic Dutchman Ltd. announced that it has entered into an engagement letter with Canaccord Genuity Corp., acting as co-lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters including PI Financial Corp and Mackie Research Capital Corporation in which the Underwriters have agreed to purchase 3,910,000 special warrants of the Company, at a price of $6.40 for gross proceeds of approximately $25 million. Closing of the Offering is expected to occur on June 26, 2018.
ICC Labs Inc announced that it has entered into a presale agreement with a Colombia based company, Hlessing Industries to supply CBD and THC derivatives for medicinal purposes in Colombia.
Colombia is the third country in the Latin American market where ICC Labs has now taken steps to commence sales, after México and Brazil, opening up large potential markets with a total population of approximately 380 million people.
As well, construction continues as planned for the 124,000 sq. ft. Colombian cannabis cultivation greenhouse, which is expected to be completed by the end of June 2018.
Scythian Biosciences Corp. TSXV:SCYB announced that the Company will be changing its name from "Scythian Biosciences Corp." to "SOL Global Investments Corp." The Company will put the name change resolution before its shareholders at its next scheduled annual general meeting, which will be sometime in August 2018. The name change is also subject to approval by the TSX Venture Exchange.
CROP Infrastructure Corp. announced that it has entered into a Membership Purchase Agreement dated June 4th, 2018 with Wheeler Park Properties LLC a Washington State limited liability company. CROP has agreed to advance up to US$2,500,000 to The Park for equipment purchase and retro-fit upgrades of the licensed Cannabis Greenhouse complex in return for a 30% interest.
The greenhouse facility has 5 flowering bays that are designed to yield tenant growers over 10,000 pounds of high quality cannabis on an annual basis.
MYM Nutraceuticals Inc announced that it has finalized the purchase of 329 acres in the township of Weedon, Quebec to build its 1.5 million square foot state-of-the-art medicinal cannabis greenhouse facility.
In addition to the greenhouse facility, the project will include the multipurpose CannaCentre complex that will house a museum, auditorium, learning centre, restaurant, bookstore, hotel, and cannabis research and innovation centre. These projects will both generate revenue for the Company and serve as a meeting place and sharing centre for the benefit of cannabis research and development.
Finally, Marapharm Ventures Inc. reported that the mandatory 72-hour testing of its environmental control equipment in Las Vegas, Nevada, as reported in a news release on May 24, 2018, has been completed successfully.
Concluding the test was the final inspections of all electrical connections, equipment mounting, controls and system wiring to assure that all work has been completed to meet the requirements for the final Building Code Inspection.
Investor ideas reminds all listeners to read our disclaimers and disclosures on the Investorideas.com website and 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
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