Investor Ideas 'Potcast'; #Cannabis News and Stocks on the Move; (TSX: $ACB.TO), (CSE: $ATT.C), (TSXV: $ICC.V), (TSX: $TGOD.TO)
Pt. Roberts, WA; Delta, BC - May 22, 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; Aurora Cannabis, Abattis Bioceuticals, ICC Labs, The Green Organic Dutchman
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 Aurora Cannabis Inc. (TSX : ACB , OTCQB: ACBFF), Abattis Bioceuticals Corp. (CSE: ATT ,OTC: ATTBF), ICC Labs Inc. (TSX-V: ICC) and The Green Organic Dutchman Holdings Ltd. (TSX: TGOD).
Before the other announcements however we look at New Frontier Data, the authority in data, analytics and business intelligence in the cannabis industry, has refined the state market projections for California in light of the state's recent lower than expected cannabis excise-tax revenues for the first quarter of 2018. The state collected $33.6 million between January 1 and March 31, which put them significantly below the original of $175 million within the first six months of 2018. New Frontier Data has reduced the latest sales projections for 2018 from $3.8 billion to $1.9 billion. And by 2025, our forecast for total California sales to be $4.72 billion instead our previously projected $6.7 billion.
New Frontier Data looked at two key aspects of the California market; their analysts redefined what a legal medical patient is and lowered the conversation rate for illicit market consumers transitioning to legal adult-use market consumers.
Next looking at Aurora Cannabis Inc. and CTT Pharmaceutical Holdings Inc. who today announced that Aurora is acquiring an initial 9.14% ownership interest in CTT via way of a non-brokered private placement in the form of a US$1 million 5% convertible debenture. The agreement includes an issuance of warrants enabling Aurora to increase ownership to 42.5%.
CTT will now provide Aurora with global exclusivity to develop, manufacture and market CTT's novel oral thin films wafers. The companies will work jointly towards obtaining Health Canada approval for introduction of the new products on the Canadian market, as well as obtaining commercial access to other international jurisdictions in which Aurora is active.
A little about CTT; they're an Ontario based global leader in the development of dose specific fast dissolving oral thin film wafers that provide a dose specific, smoke-free delivery of medical cannabis or other active ingredients. CTT's oral thin film wafer is made from FDA approved non-medical ingredients used in several pharmaceutical formulations and provides the effective oral delivery of a specific dose with rapid onset of action within 5-10 minutes after dosing. Clinical research undertaken by CTT indicates the oral wafer delivery of THC into the blood steam was approximately 40% quicker compared to edible form factors, as well as resulted in approximately 28% more THC in the blood stream at peak bioavailability levels.
Abattis Bioceuticals Corp. announced the addition of three new vaporizers to its product line today. Since the Company's acquisition of Green Tree Therapeutics earlier this year, Abattis has been working to expand its retail presence and product line and is now ready to release its first three vaporizers, the VB-1, VB-2 and the KB-1.
"We believe that the future of the cannabis vaporizer market is in branding, concentrates and ancillary products," stated Rob Abenante, President and CEO of Abattis. "Users in the retail space are looking for functional, discreet and durable products and we feel that our new titillating product line will meet all these demands. In this, we are excited to take another step towards our goal of becoming a complete one-stop provider of downstream cannabis solutions," added Mr. Abenante.
ICC Labs Inc. announced that it has signed a letter of intent with CanPharma GmbH a licensed importer and wholesaler of narcotics in the Federal Republic of Germany.
Through its relationship with CanPharma, ICC Labs intends to export to Germany CBD isolate, oils and other derivatives, as well as various medicinal THC cannabis products, including dried flowers and cannabis extracts from their facilities in Uruguay and Colombia. The export arrangement for THC cannabis products is subject to receipt of the requisite regulatory approvals and the negotiation of definitive agreements by the end of second quarter this year.
Germany, with a population of 83 million people, €3.3 trillion in GDP and €320 billion of healthcare expenditure, is home to Europe's largest medical cannabis market. Germany is already leading the way among European countries with a market value of US$11.9 billion.(1)
Finally looking at The Green Organic Dutchman Holdings Ltd. who announced that the Company has entered into an exclusive agreement with CBx Enterprises LLC for the licensing of the Evolab and CBx Sciences brands and proprietary technologies and formulations within Canada and other international jurisdictions outside of the USA.
Based in Colorado, the CBx team brings decades of experience developing and marketing a diverse array of unique, first-to-market medical and recreational cannabis products. The licensing arrangement will immediately expand TGOD's product and technology portfolio, and position the Company for the successful development of new products as Canadian and global product requirements and standards rapidly evolve.
Evolab is a top cannabinoid vaporization brand that has gained significant market share through the creation of highly differentiated products in a very competitive and saturated market. Evolab's proprietary technologies and industry-leading extraction efficiencies allow for the derivation of pharmaceutical-grade cannabinoid oils and strain-specific terpenes without the use of any harmful solvents or cutting-agents. These technologies and formulations lead to the creation of much cleaner and safer full-plant oils for vaporization without the introduction of chemicals commonly found in the e-vape industry.
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