Investor Ideas 'Potcast'; #Cannabis News and Stocks on the Move ; CSE: $LILY.C, OTCQB: $MPHMF, OTC: $NGTIF, OTCQB: $CLSH
Pt. Roberts, WA; Delta, BC - May 21, 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 new series, Investorideas.com potcasts - cannabis news and stocks to watch plus insight from thought leaders and experts.
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Investor Ideas 'Potcast'; #Cannabis News and Stocks on the Move; CSE: LILY, OTCQB: MPHMF, OTC: NGTIF, OTCQB: CLSH
Today's podcast overview/transcript:
Good afternoon and welcome to Investorideas.com potcasts- following cannabis news, stocks to watch as well as insight from thought leaders and experts . Today we are looking at announcements from Callitas Health Inc trading on the CSE as LILY and OTCQB as MPHMF, Nightfood Holdings Inc trading on the OTC as NGTF and CLS Holdings USA, Inc. trading on the OTCQB under CLSH.
First looking at Callitas Health Inc a clinical-stage pharmaceutical development and OTC consumer goods marketing company, who announced earlier today that it has signed industry expert Dr. Gregory Smith MD, MPH, as the Company's Chief Medical Cannabis Advisor. The addition of Dr. Smith is expected to help give the Company additional product development, clinical study capabilities and visibility in the THC/CBD (cannabinoids) market.
"We believe the addition of Dr. Smith to the Callitas team will help us better navigate the quickly evolving cannabinoid industry and provide expert insight for our current products and future programs in research and development," said James Thompson, Interim President and CEO. "He brings a wealth of knowledge, clinical experience and insights that will be invaluable for our Company's growth."
Dr. Smith has garnered extensive experience and education in the field of cannabinoid medication, and currently serves as the editor-in-chief of www.Cannabis-MD.com, and Director of Medical Affairs for First Harvest Financial, Inc. (a cannabis investment firm).
Next looking at NightFood Holdings, Inc. a brand development company pioneering the projected billion dollar nighttime nutrition category, and developing unique properties and products in the marijuana/cannabis/CBD related snack space, today announced that the first production run of Half-Baked™ branded products has been successfully completed under license in the State of California.
The Half-Baked brand THC-infused cookies each contain 10mg of THC and will retail for approximately $5. As originally announced on April 20, 2018, the product is on track to be available at retail before the end of May.
"This is the birth of a leading national edibles brand in the marijuana space. That's how we view this initial production run and pilot launch," commented CEO Sean Folkson. "As more states continue to follow suit and pass marijuana legislation, we see an increase in the value of the opportunity and in the value of the Half-Baked intellectual property."
Plans are for the Half-Baked brand to include regular snacks that would be legal and immediately eligible for national distribution, as they'd contain no THC or cannabis in any form, in addition to lines of cannabis-containing snacks.
Subsequent to filing the Half-Baked trademark application in January, the Company acquired HalfBaked.com. In the coming months, the Company intends to launch the HalfBaked.com website to support the launch and development of this leading consumer cannabis brand.
An investor conference call is being coordinated for the week of May 28, 2018, during which the Company will provide updates on revenues, new product development, and other recent activities. An announcement will be made prior to the call providing investors all details necessary to attend the call and submit questions for management.
Finally, looking at CLS Holdings USA, Inc. a development stage diversified cannabis company operating as Cannabis Life Sciences, today announced that its proposed acquisition of Oasis Cannabis has progressed and is now expected to close by the end of June 2018.
The parties mutually agreed to extend the purchase agreement to June 21, 2018. This extension timeline remains in the initial expectation of closing by the end of the second quarter 2018. The extension is due to additional time needed to complete certain license transfer documentation.
Oasis Cannabis has operated a cannabis dispensary in the Las Vegas market since dispensaries first opened in Nevada in 2015 and has been recognized as one of the top marijuana retailers in the state. Its location within walking distance to the Las Vegas Strip and Downtown Las Vegas in combination with its delivery service to residents allows it to efficiently serve both locals and tourists in the Las Vegas area. The company recently commenced wholesale offerings of cannabis in Nevada with the launch of its City Trees brand of cannabis concentrates and cannabis-infused products in August 2017. An expansion of its cultivation and production facility is currently underway and is expected to be completed during the second half of 2018.
CLS Holdings USA, Inc. plans to become a diversified cannabis company and is shifting its corporate strategy to becoming a fully licensed integrated cannabis producer and retailer in Nevada and other states.
CLS stands for "Cannabis Life Sciences," in recognition of the Company's patent pending proprietary method of extracting various cannabinoids from the marijuana plant and converting them into products with a higher level of quality and consistency. The Company's business model includes licensing operations, processing operations, processing facilities, sale of products, brand creation and consulting services.
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