Investor Ideas #Potcasts; #Cannabis News and Stocks on the Move; CSE: $CRZ.C, CSE: $HUGE.C, CSE: $PUF.C
Pt. Roberts, WA; Delta, BC - July 3, 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 News and Stocks on the Move; CSE:CRZ, CSE: HUGE, CSE:PUF
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's podcast features news from CannaRoyalty Corp. trading on the CSE as CRZ and the OTCQX as CNNRF, FSD Pharma Inc. trading on the CSE as HUGE and PUF Ventures Inc. trading on the CSE as PUF.
CannaRoyalty Corp., a leading North American cannabis products and brands company, announced today that it has closed the previously announced acquisition of FloraCal® Farms, a licensed premium craft cannabis producer located in Sonoma County, California.
"The evolution of our relationship with FloraCal to the close of the acquisition today, is directly aligned with the strategic framework we have outlined for shareholders and is a model that we intend to replicate in a targeted fashion across key verticals of the California market in the coming years," said Marc Lustig, CEO of CannaRoyalty. "As one of the state's largest third-party cannabis consumer brand distributors, we are strategically positioned to foster the growth of both our retailer and brand customers' businesses, while generating proprietary market data and consumer insights to ensure we are in a position to acquire or otherwise partner with brand leaders in the space as they establish themselves."
FSD Pharma Inc. provided an update on the progress of the joint venture between its wholly-owned subsidiary, FV Pharma Inc. and Auxly Cannabis Group Inc. ( trading on the TSX-Venture as XLY).
The first phase of the buildout of the FV Pharma facility in Cobourg, Ontario has been approved in an updated construction and development budget provided by Auxly. Of the current 620,000 square feet of building space available, 220,000 square feet will be developed and fully funded. As part of this project, Auxly will contribute $55,000,000 to buildout the Facility.
The 220,000 square feet of cultivation and ancillary space will include a research and development lab focused on advancements in LED lighting, nutrient testing, breeding and genetics research. The first phase will also contain a dedicated space for large-scale extraction capabilities. The Company expects first phase construction to be completed and ready for Health Canada approval by the end of December 2018. Pending regulatory approval, the Company expects to plant the first harvest in the first phase by the end of January 2019. FSD retains a 50.1% stream (after all operating expenses are recovered plus a ten percent profit is paid to FSD) of all cannabis and cannabis- derived products produced at the Facility, under partnership with Auxly, in perpetuity.
PUF Ventures Inc. announced that the science of plant propagation has arrived for the medical and recreational cannabis growers of Canada. On June 29, 2018 the Company announced the formation of Propagation Services Canada Inc. ("PSC") through a partnership with Casey Houweling. By outsourcing propagation services licensed producers of cannabis can significantly increase revenue while reducing the risk association to cloning cannabis plants.
"Our partnership with Casey brings the science of plant propagation to the emerging cannabis industry in Canada on a large scale," said Derek Ivany, President & CEO, PUF Ventures Inc. "We conducted a thorough analysis of the industry and identified how plant propagation will bring significant benefits to the many licensed producer operating in Canada. Not only does it simplify operations, the additional product gained from the repurposed square footage generates significant incremental revenue. Initial discussions with licensed producers confirms their interest in Propagation Services Canada products."
Greenhouse plant propagation is a specialization that is used all over the world for a wide variety of plants. In Canada, the cannabis industry has become a significant economic force with the legalization of cannabis scheduled for October 17, 2018. Those licensed producers that eliminate costs and optimize operations will succeed over the long-term. With the introduction of propagation and the forming of PSC, PUF has taken a "first mover advantage" position with regard to propagation in the cannabis market in Canada.
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