Investor Ideas #Potcasts; #Cannabis News and Stocks on the Move; TSX: $TGOD.TO, CSE: $MMEN.C, TSX: $WEED.TO, CSE: $HIKU.C
Pt. Roberts, WA; Delta, BC - June 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 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; TSX: TGOD, CSE: MMEN, TSX: WEED, CSE: HIKU
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 The Green Organic Dutchman Holdings Ltd. trading on the TSX as TGOD and the OTCQX as TGODF, MedMen Enterprises Inc. trading on the CSE as MMEN and the OTCQB as MMNFF, Canopy Growth Corporation trading on the TSX as WEED and the NYSE as CGC and Hiku Brands Company Ltd. trading on the CSE as HIKU.
The Green Organic Dutchman Holdings Ltd. announced that it has decided to add a 287,245 sq ft. purpose-built facility on its Valleyfield property capable of producing 40,000 kgs of premium organic cannabis. This facility will be dedicated to TGOD's Beverage Division and increases the Company's fully-funded capacity to 170,000 kgs.
"With the legalization of cannabis announced on June 20th, and Premier Justin Trudeau setting the legalization date of October 17th, the path is paved. The time is now to dedicate infrastructure, services and expertise to developing proprietary products. This is just another step for TGOD in its business plan of creating a distribution hub for large-scale beverage and edible products which can be introduced in Canada and internationally," said Csaba Reider, TGOD's President.
MedMen Enterprises Inc., a leading cultivator, producer and retailer of state-sanctioned cannabis in the U.S., announced today that the anticipated location for a new MedMen store in Las Vegas has received land-use and zoning approval by the Clark County Board of County Commissioners. The store is expected to be located at 4503 Paradise Road, Las Vegas, NV 89169, near major casinos such as the Hard Rock Hotel, the Thomas and Mack Center and Las Vegas International Airport.
Canopy Growth Corporation announced today the issuance of C$100 million aggregate principal amount of its 4.25% convertible senior notes due 2023 pursuant to the exercise in full of the over-allotment option granted to the initial purchasers in connection with the previously announced offering of C$500 million aggregate principal amount of its 4.25% convertible senior notes due 2023, which closed on June 20, 2018. The Over-Allotment Notes have the same terms as the Initial Notes, including an initial conversion rate of 20.7577 common shares per C$1,000 principal amount of Over-Allotment Notes, equivalent to an initial conversion price of approximately C$48.18 per common share.
Hiku Brands Company Ltd. provided an update on the approach to private sector retailing of cannabis in Alberta. Hiku, and their award-winning retail storefront brand Tokyo Smoke, have filed applications for a series of locations in Alberta which, if approved, will provide customers with a variety of experiences in different retail environments including flagship stores, express stores, shopping centres, and shop-in-shop.
Hiku has filed applications for more than a dozen storefronts in Calgary and are at the top of the list to be considered in each of those locations following Calgary's first come, first serve approach to licensing. In addition to Calgary, Hiku has also filed applications in Edmonton for its random lottery process.
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
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