Investor Ideas #Potcasts #Cannabis News and Stocks on the Move: NASDAQ: $TGEN, CSE: $CROP.C, TSXV: $GENE.V, TSXV: $GTEC.V
Delta, Kelowna, BC - August 30, 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: NASDAQ: NASDAQ: $TGEN, CSE: $CROP.C, TSXV: $GENE.V, TSXV: $GTEC.V
Today's podcast overview/transcript:
Good morning and welcome to another Investorideas.com potcast – looking at cannabis news, stocks to watch as well as insights from thought leaders and experts.
Today we will be looking at announcements from CROP Infrastructure Corp. trading on the CSE as CROP, INVICTUS MD STRATEGIES CORP. trading on the TSX-Venture as GENE, GTEC Holdings Ltd. trading on the TSX-Venture as GTEC, and Tecogen Inc. trading on the NASDAQ as TGEN.
But first, yesterday Health Canada announced the new Cannabis Tracking System, an important milestone in preparation for the coming into force of the Cannabis Act. The system will enable the tracking of cannabis to prevent legal cannabis from being diverted to the illegal market and illegal cannabis from being introduced into the legal market.
The Cannabis Tracking System builds on a system that has been in place for nearly five years to track cannabis for medical purposes and that has proven to work. It will be used by provinces and territories, as well as those that hold a federal licence to cultivate and process cannabis, to track the movement of cannabis from cultivation to processing to sale.
Personal information on individual consumers will not be collected. The Cannabis Tracking System will only collect data that is necessary for Health Canada to track cannabis at a national level.
CROP Infrastructure Corp. announced that it will launch its first line of Hemp oil infused cosmetic and therapeutic products under the brand 'URBAN JUVE', pursuant to its previously announced License Agreement with The Yield Growth Corp.'s subsidiary, Urban Juve Provisions Inc. (formerly Juve Wellness Inc.). The License Agreement gives CROP exclusive rights in Italy to the URBAN JUVE products, as well as non-exclusive distribution rights in the United States.
Furthermore, the Company in partnership with the team from Xhemplar S.R.L. CROP's cultivation and extraction joint venture partner in Italy, is scouting locations to open 2 CBD retail outlets in Northern Italy under the company's Emerald Heights brand, before the end of 2018.
The URBAN JUVE product line which will be featured prominently along with Xhemplar products, and Hempire hemp oil products at all Italy locations. Urban Juve is inspired by Ayurvedic philosophy and is created for the modern, wellness-conscious consumer. The unique formulations benefit consumers seeking natural products made with the highest quality ingredients. Urban Juve is manufacturing its first line of 12 topical products in the fall of 2018. All the products contain hemp oil procured through a patent pending hemp oil extraction process. Crop has the right to add hemp oil to the products and distribute them throughout Italy.
According to a study by Arcview Market Research and its research partner BDS Analytics, by 2027 worldwide sales of legal cannabis are forecast to reach $57 billion. During that period, spending in North America is expected to leap from $9.2 billion to $47.3 billion driven mainly be recreational use. The fastest cannabis market growth is expected to come from outside North America, especially Europe where the main growth driver will be medical applications. Medical cannabis use will be fed by $1.3 trillion estimated annual government-subsidized healthcare spending. The structure of the healthcare industry is expected to make Europe the number one medical cannabis market in the world.
INVICTUS MD STRATEGIES CORP. announced that it has entered into a binding Letter of Intent with GTEC Holdings Ltd. to provide GTEC with a non-revolving unsecured convertible loan in an amount up to $2,000,000, and an interest rate of prime plus 5%. Subject to regulatory approvals, all or a portion of the principal and accrued interest on the Loan Facility may be convertible into common shares of GTEC, at the option of Invictus, at any time prior to or on the last business day immediately preceding the Maturity Date, as defined below, at a conversion price equal to $1.50 per common share. Upon mutual agreement of both parties and prior to the Maturity Date, Invictus may increase the amount of the Loan Facility up to $6,000,000.
The proceeds from the Loan Facility will be used by GTEC for working capital and to further execute GTEC's cannabis retail expansion strategy in Western Canada and Ontario. GTEC expects to have a minimum of 15 Cannabis Cowboy retail stores open by October 17. 2018, in Alberta, as well as 1 location in Saskatchewan, complemented by an e-commerce platform that will serve the entire Province.
The definitive agreement will also provide Invictus with a right of first refusal to fill up to thirty percent (30%) of any cannabis purchase order domestic or international (whether for flower or oil) that GTEC, or its wholly-owned subsidiaries, are seeking to purchase from third party Licensed Producers for a period of two years. Invictus' diversified product portfolio features 69 Health Canada approved strains.
Tecogen Inc., a clean energy company providing ultra-efficient, clean, natural gas powered on-site power, heating and cooling equipment, is pleased to announce an additional Tecochill sale into the emerging indoor cannabis growing market in Massachusetts. Tecogen will deliver 2 Tecochill STx 200 ton natural gas engine chillers to the facility to provide cooling for the grow rooms and hot water for dehumidification control. The units will ship at the end of the third quarter and are expected to be operational in early 2019.
Stephen Lafaille, Product Manager for Tecogen, stated, "The Tecochill solution to the large energy needs of indoor growing facilities is becoming increasingly recognized by industry professionals. By base loading the cooling needs of the facility with Tecogen chillers, the project realizes significant energy savings while also reducing the site's electrical infrastructure requirements. This particular grower is also using the free waste heat to provide dehumidification, further increasing the efficiency and savings for the project."
The order is Tecogen's 12th into North America's rapidly emerging indoor cannabis grow industry, with additional Tecochill systems currently in design and construction planning. Tecogen's nationwide service presence and cloud-based remote monitoring capabilities ensures rapid response to critical process cooling customers such as indoor grow facilities.
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