Investor Ideas Potcasts, Cannabis News and Stocks on the Move; Episode 438 (NASDAQ: VFF) (CSE: NOVA) (CSE: LOVE) (OTCQB: MGWFF)
Delta, Kelowna, BC - July 8, 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:
Investor Ideas Potcasts, Cannabis News and Stocks on the Move; Episode 438 (NASDAQ: VFF) (CSE: NOVA) (CSE: LOVE) (OTCQB: MGWFF)
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.
Village Farms International, Inc. (NASDAQ: VFF) (TSX: VFF) announced that it has executed a definitive agreement with DutchCanGrow Inc., a Netherlands-based cannabis enterprise, to become one of six equal shareholders in DCG owning just under 16% each, with a seventh shareholder owning 5%. DCG is pursuing the opportunity to become one of a limited number of licensed cannabis growers (up to a maximum of 10) when the Dutch government permits the first legal recreational cannabis market in Europe under its 10-city Experiment to Investigate Closed Cannabis Supply Chains (the "WECG").
If successful in receiving a license from the Dutch government when awarded later this year, DCG plans to construct and operate a specialized cannabis greenhouse facility in the Netherlands and develop, produce and market a variety of safe, high-quality cannabis products to supply this new legalized market. Since 1976 in the Netherlands, a cannabis policy has been in effect regarding cannabis, under which the sale of cannabis at "coffee shops" is tolerated but the cultivation of cannabis is illegal. In 2019, in response to concerns around product safety (ingredients, additives, contaminants) and increasing criminal involvement related to cannabis cultivation, the Netherlands' House of Representatives approved the WECG as an intermediary step to address the lack of quality standards and societal impact of crime related to cannabis.
Under the WECG, which will be in effect for a minimum of four years following a one-year preparation period, all coffee shops in the 10 selected cities (currently 78 coffee shops in total) will be legally required to purchase all of their cannabis exclusively from the approved, federally licensed producers ("LPs"). The supply requirement for the current scope of the WECG is estimated to be approximately 65,000 kilograms of dried cannabis annually. The WECG will be formally evaluated by the Dutch government during the third year of the program, with the potential to expand it from the initial 10 cities to a national program, encompassing all coffee shops in the Netherlands (currently totalling 580).
"Our investment in DutchCanGrow is a momentous first step in leveraging all that Village Farms has accomplished in Canada to become a leader in the burgeoning international cannabis industry," said Michael DeGiglio, CEO, Village Farms International. "DCG is an outstanding opportunity for Village Farms, not only providing potential access to the very first legal recreational cannabis market in Europe with the possibility of significant expansion within the Netherlands itself, but also to springboard to future legal cannabis opportunities in other markets in Europe, and around the world."
Mr. DeGiglio added, "We are very proud to have been selected by DCG from amongst a number of well-known Canadian LPs that were vying for this unique and exciting opportunity. Village Farms' very own roots as one of North America's largest and most successful greenhouse produce growers go back to Holland. A number of our most experienced people are multi-generational Dutch growers who brought with them to Village Farms the deep cultural know-how of The Netherlands. To this day, we have strong, enduring relationships with the Dutch growing community, and we are proud to now share the specific expertise we have gained through building Pure Sunfarms into Canada's premiere cannabis supplier. We look forward to working with this incredible group of partners at DCG, which brings together formidable expertise across a range of disciplines critical to the success of this venture."
Robert W.E. Laurie is an international lawyer, qualified in England and called to the British Columbia Bar. Mr. Laurie founded Ad Lucem Law Corporation in Vancouver in 2013 and his legal practice focuses on commercial business, government, regulatory issues, plus charter and constitutional legalities surrounding cannabis and psychedelic plant medicines.
Mr. Laurie serves as a Board Advisor to the Multidisciplinary Association for Psychedelic Studies (MAPS) Canada, Steve DeAngelo's Last Prisoner Project, SPORE Denver and is Legal Advisor to the Heroic Hearts Project UK. He is one of the Founding Partners with Dr. Dennis McKenna of the McKenna Academy of Natural Philosophy. He serves as a Director with Jay DeMerit and Ashleigh McIvor's Rise and Shine Foundation and Rex Weyler's Ecuador Amazon Restoration Project. Mr. Laurie holds an M.A. (Hons) Juris from the University of Oxford (St. Edmund Hall) and B.A. (Hons) in Political Science and International Relations from the University of British Columbia.
Mr. Laurie has been working and advocating tirelessly as a lawyer to improve medical patient access to cannabis, psychedelic and sacred plant medicines and to facilitate the reform of drug laws for the betterment of society. He and his legal practice, Ad Lucem Law Corporation, recently joined Dr. Bruce Tobin's Charter litigation team and the TheraPsil Alliance, who are challenging in Federal Court the constitutional validity of the government's absolute prohibition concerning compassionate medical access to psilocybin. His goal is to help provide more options for doctors and treatments for patients dealing with end-of-life anxiety and depression, and other types of treatment-resistant depression, addiction, and PTSD.
"We are excited that Robert will continue his role as Chair of Nova Mentis' Advisory Board along with the added responsibility of Psychedelics Regulatory Advisor," said Will Rascan, CEO & President of NOVA. "There are very few individuals with Robert's in-depth experience and contacts in both the psychedelics and cannabis sectors. With Robert having joined Dr. Bruce Tobin's Charter litigation team, he brings a unique perspective which is evident in his recent Psyched2020 webinar presentation."
Click link to view: https://www.youtube.com/watch?v=4fb8PDA-X7g
Nova Mentis Life Science Corp. (formerly Liberty Leaf Holdings Ltd.) is a Canadian-based, public company whose focus is to build and support a diversified portfolio of health and wellness businesses. Key holdings include its wholly-owned subsidiary, Nova Mentis Biotech Corp., a R&D driven company focused on exploring the anti-inflammatory effects of psilocybin in underexplored metabolic indications such as obesity and diabetes – Just Kush Enterprises, a Health Canada Standard Licensed facility focused on the cultivation of AAAA premium, small batch, terpene rich Kush dominant cultivars cured to perfection.
Cannara Biotech Inc. (CSE: LOVE) (OTCQB: LOVFF) announced today it has closed on its previously announced offer to acquire all of the issued and outstanding shares of Global shopCBD.com Inc. not already owned by Cannara.
Global, through its wholly-owned subsidiary, operates an online e-commerce platform focused on tapping into the U.S. hemp CBD market, offering curated selections of top tier products in a fast, secure and reliable transaction.
Pursuant to the terms of a share exchange agreement dated May 26, 2020 among Cannara, Global and the shareholders of Global, Cannara has acquired 99.8% of the issued and outstanding shares of Global that it did not already own in consideration for the issuance of 23,145,110 common shares of Cannara pro rata to the shareholders of Global at a deemed price of $0.10 per share.
The Payment Shares are not subject to any hold periods under applicable securities laws.
Further information can be found on Cannara's SEDAR profile at www.sedar.com.
Maple Leaf Green World Inc. (NEO: MGW) (OTCQB: MGWFF) announced the launch of a new website for its CBG Hemp Project under the name of its subsidiary, Golden State Green World. The new website is at https://www.gsgreenworld.com. Since the start of the CBG Hemp Project, the Company has been receiving numerous international inquiries about its La Creme CBG products. This website will focus specifically on the CBG Hemp Project and provide purchasing details, information, pictures, progress, and updates for interested parties.
The Company also announced that all 5 greenhouses have been planted to full capacity with La Creme. The plants in the first greenhouse have entered into the flowering stage and will be ready to harvest sometime in August. Some strong and healthy plants have been selected to continue its lineage as the mother plants and this process will continue throughout the season.
Two prospective clients have requested a site tour of the Company's CBG Hemp Project site at California and have been scheduled for within these 2 weeks. Maple Leaf is extremely optimistic about the medical and therapeutic potential of CBG as more research is conducted and the awareness grows. The Company is thrilled to be emerging as one of the few high quality CBG cultivators in the United States and one of the few growers cultivating La Creme.
For updates regarding the California CBG Hemp Project, please visit https://www.gsgreenworld.com.
For further information and updates regarding the Company, please visit www.mlgreenworld.com.
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