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Global medical cannabis market was valued US$ 3.52 Billion in 2017
Pt. Roberts, WA; Delta, BC - June 26, 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: ACB, TSXV: ICC, CSE: LILY, TSX: HEXO
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 announcements from Aurora Cannabis Inc. trading (TSX: ACB and OTCQB:ACBFF) , ICC Labs Inc ( TSX-Venture: ICC) , Callitas ( CSE: LILY and OTCQB: MPHMF) and The Hydropothecary Corporation ( TSX: HEXO).
But first, according to Coherent Market Insights the global medical cannabis market was valued US$ 3.52 Billion in 2017 and is projected to exhibit a compound annual growth rate of 24.4% over the forecast period of 2017 - 2025.
The Cannabidiol (CBD) segment is expected to gain significant traction over the forecast period, on account of the continuous engagement of manufacturers to introduce Hemp Cannabidiol products in various forms
Among therapeutic application, pain segment accounted for the largest market share, owing to increase in government initiatives to enable patients to use medicinal marijuana, as a treatment in chronic pain management
Some of the major players operating in the global medical cannabis market include BOL Pharma, Tilray, Medreleaf Corporation, Aurora Cannabis, Inc., Canopy Growth Corporation, Insys Therapeutics, Inc., Aphria, Inc., MGC Pharmaceuticals Limited, GW Pharmaceuticals, plc, and Medical Marijuana Inc.
Aurora Cannabis Inc. announced today that it has agreed to a new $200 million debt facility, with a potential upsize to $250 million, with the Bank of Montreal ("BMO").
The facility will consist of a $150 million term loan and a $50 million revolving credit facility, both of which will mature in 2021. A short period after the implementation of Bill C-45 in October 2018, the Company may request an increase of up to a further $45 million to the term loan subject to agreement by BMO and satisfaction of certain legal and business conditions. BMO will also be providing up to $5 million in other credit instruments. Closing of the debt facility is subject to completion of final due diligence, negotiation of definitive documentation, and satisfaction of conditions precedent customary to a financing of this nature.
The debt facility will be primarily secured by Aurora's production facilities, including Aurora Sky, Aurora Mountain, and Aurora Vie. Strategically located at Edmonton International Airport, Aurora Sky is the world's most technologically advanced cannabis facility, projected to produce in excess of 100,000 kg per year of high-quality cannabis at low per gram costs, and slated to deliver its first harvest this week.
ICC Labs Inc. announced that the Government of Uruguay through its regulatory authority IRCCA (Cannabis Regulation and Control Institute) has granted the Company an additional land package of approximately 55,000 square foot in order to increase its production capacity.
“A relevant milestone that demonstrates the confidence that the Government has placed in our Company to continue executing the terms of our recreational cannabis license granted for 5 years on January 14, 2016,” commented Alejandro Antalich, Chief Executive Officer of ICC Labs.
Callitas, an integrated clinical-stage pharmaceutical development and OTC consumer goods marketing company, announced today that it has entered into a non-exclusive licensing and technology agreement with LifeStyles, LTD, the global leader in the sexual wellness sector, for its non-branded, patented arousal gel and lubricants for use on condoms and as a stand-alone product for retail and consumer markets around the world.
“Partnering of Callitas' non-branded products and technologies to reach new markets and sales channels is a critical component of our business model,” said James M. Thompson, President and CEO. “Partnering with the worldwide leader in sexual wellness, Lifestyles, LTD., is an outstanding way to expand our sales as we look forward to a long-term, mutually beneficial future.”
Under the terms of the agreement, Callitas will receive a variable, single-digit royalty on net sales of all products sold worldwide by Lifestyles, LTD., on any of their brands. Callitas will also assist LifeStyles, LTD., in the development of additional sexual health and wellness retail consumer goods.
Finally, the Hydropothecary Corporation, HEXO, announced that four zones of its 250,000 sq. ft. greenhouse expansion are now licensed by Health Canada.
The licensing of two additional zones aligns with HEXO's continual harvest methodology, which splits the greenhouse into zones that can be tailored to each stage of plant growth.
“Four of ten zones now have plants in and are fully operational, the other zones will follow in the coming weeks, with all 10 zones set to be operational by August,” said HEXO CEO and co-founder, Sébastien St-Louis.
“We are confident we will be ready to fulfill our contract as the preferred supplier to the Société québécoise du cannabis (SQDC) and are excited to see what the future holds. These ongoing expansions, along with our innovative, high-quality products, put us in an optimal position as we continue discussions with other provincial authorities,” added Mr. St-Louis.
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