Investor Ideas #Potcasts; #Cannabis News and Stocks on the Move; Bill C-45, TSX: $WEED.TO, TSX: $ACB.TO, CSE: $LIB.C, CSE: $VGW.C, New Listing - Livewell Canada
Pt. Roberts, WA; Delta, BC - June 20, 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.
Listen to the podcast:
Investor Ideas #Potcasts; #Cannabis News and Stocks on the Move; Bill C-45, TSX: WEED, TSX: ACB, CSE: LIB, CSE: VGW, Livewell Canada
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 Canopy Growth Corporation (TSX : WEED and NYSE: CGC), Aurora Cannabis Inc. (TSX: ACB and OTCQB: ACBFF) , Liberty Leaf Holdings Ltd. ( CSE: LIB and OTCQB as LIBFF), Valens GroWorks Corp. (CSE: VGW ) and new upcoming cannabis listing this week, Livewell Canada Inc.
But first today, the Government of Canada welcomed the final vote on Bill C-45, the Cannabis Act, in the Senate as an important step in the process of legalizing and strictly regulating cannabis in Canada. The Act is currently awaiting Royal Assent.
Two years ago, the Government of Canada launched the Task Force on Cannabis Legalization and Regulation. Following extensive consultation with Canadians, provincial and territorial governments and Indigenous communities, the Task Force presented recommendations, which have served as the foundation for the Government's legislative work. In April 2017, the Government introduced Bill C-45 with the goals of keeping cannabis out of the hands of youth and keeping profits out of the hands of criminals and organized crime.
The Ministers of Justice, Health, and Public Safety and Emergency Preparedness also confirmed that the date of coming into force of the Cannabis Act will be announced shortly.
Once the Act comes into force, adults who are 18 or 19 years of age and older (depending on the province or territory) will be able to legally purchase, grow and use a limited quantity of cannabis. Until that time, cannabis remains illegal in Canada, unless authorized for medical or scientific purposes.
Canopy Growth announced today the closing of its previously announced offering of C$500 million aggregate principal amount of its 4.25% convertible senior notes due 2023.
The initial conversion rate for the notes is 20.7577 common shares per C$1,000 principal amount of the notes, equivalent to an initial conversion price of approximately C$48.18 per share. The Company intends to use the net proceeds from the sale of the notes for supporting expansion initiatives and general corporate purposes, including working capital requirements.
Aurora Cannabis Inc. announced today that it intends to distribute units consisting of shares and warrants of its subsidiary, Australis Capital Inc., to shareholders of the Company by way of a return of capital.
The spin-out of Australis will happen in the form of a distribution of units in Australis Capital to resident holders of Aurora shares. Non-resident holders will receive cash instead of units pursuant to the spin-out, priced at $0.25 per share.
Liberty Leaf Holdings Ltd. announced that the Company has participated in Blox Labs Inc. () recently closed non-brokered private placement financing for gross proceeds of $1,111,650. The Company's total participation was for $50,000 comprising a subscription for 666,667 common shares at $0.075 per share.
"Blox is a tech development company focused on creating best-in-class software solutions driven by emerging trends in blockchain, smart contracts and decentralized applications. The Blox team is helping customers with solutions for business problems from proofs of concept through execution," says Will Rascan, President and CEO of Liberty Leaf Holdings Ltd. "Working with the BLOX team is yet another link in our vision of vertical integration, uniting all elements of the legal cannabis market - from cultivation, to processing, distribution and selling a variety of cannabis products."
Valens GroWorks Corp., a multi-licensed, vertically integrated provider of cannabis products and services utilizing proprietary extraction processes, provided an update on subsidiary Valens Farms' state-of-the-art, purpose-built 400,000 sq ft, expandable (to 800,000 sq ft) cannabis cultivation and production facility, currently under development.
Valens Farms is a $75,000,000 joint venture development of prime acreage with a purpose-built, state-of-the-art, European GMP-certified cultivation center within the municipality of the City of Armstrong.
- Phase 1 buildout to 400,000 sq ft (permitted for up to 800,000 sq ft);
- Zero cash outlay for Valens, with Kosha contributing 100% of land, building and equipment costs;
- All hard assets will be split 50/50 between Kosha and Valens, thereby providing $37.5 million of net assets to Valens' balance sheet with no cash outlay or liability incurred;
- Valens' current Dealers License and GMP-certified facility in Kelowna is leveraged through Valens Farms' production, enhancing opportunities to export cannabis products internationally;
- Initial crop planting at joint venture facility is expected in Q4 2018, with Valens and Kosha to split profits on a 50/50 basis following cost recovery by Kosha;
- Valens Farms is expecting Phase 1 production of up to 56,000 kg per year of premium monocrop cannabis, primarily for extraction purposes. Monocropping minimizes grow time, allows greater crop turnover, and is expected to enhance profit margins;
- Subsidiary Valens Agritech will extract cannabis all produced at Valens Farms for further processing into higher-margin Valens-branded products for medical, as well as the expected recreational cannabis markets in Canada and internationally.
LiveWell Canada Inc. (formerly Percy Street Capital Corporation) announced the completion of its qualifying transaction with LiveWell Foods Canada Inc. as previously described in its news releases dated January 16, April 17, and May 31, 2018, and more particularly set out in its filing statement dated May 29, 2018, which is available under the profile of the Company at www.sedar.com. Additionally, the TSX Venture Exchange has issued its final exchange bulletin confirming the completion of the QT after yesterday's market close. Accordingly, at the opening on Thursday, June 21, 2018, the Company's common shares will commence trading on the TSXV as a Tier 2 diversified industries issuer under the symbol "LVWL".
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
Sign up to get the news alerts including the daily podcast and transcript for Investor ideas potcasts
Subscribe to the new cannabis podcast series:
Or visit http://www.investorideas.com/Audio/Potcasts.asp
To hear more Investorideas.com podcasts visit: http://www.investorideas.com/Audio/.
Investorideas.com podcasts are also available on iTunes, Google Play Music, Stitcher and Tunein.
Potcasts is now a certified word mark Trademark on the blockchain through Cognate, Inc. CM Certification-Registration Number: 10468217708
About Investorideas.com - News that Inspires Big Ideas
Investorideas.com is a meeting place for global investors, featuring news, stock directories, video, company profiles, interviews and more in leading sectors.
Investorideas.com cannabis/marijuana and hemp content now includes http://cannabisstocknews.blogspot.com on Blogger.com: the Investorideas.com news and stock directory pages, a cannabis investor group on Linkedin.com , the 420 Cannabis Investor ideas www.420cannabisinvestorideas.com, and the new AI site Global Cannabis Investing at www.Globalcannabisinvesting.com
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp.
Additional info regarding BC Residents and global Investors: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.
To sponsor this podcast or be a guest
Marijuana / Hemp Stocks at Cannabisinvestorideas.com and Investorideas.com
Like Marijuana / Hemp Stocks? View our Marijuana / Hemp Stocks Directory
Join our Group on Linkedin - Marijuana / Hemp Stocks - News and Trends in Green Investing
Also check out our AI blog Global Cannabis Investing - features Investor Ideas Cannabis news