Investor Ideas #Potcasts #Cannabis News and Stocks on the Move: TSX: $TRST.TO, CSE: $HUGE.C, TSXV: $HIP.V, TSX: $ACB.TO, TSXV: $BEER.V
News from CannTrust Holdings Inc., FSD Pharma Inc., Newstrike Brands Ltd., Aurora Cannabis Inc., Hill Street Beverage Company Inc.
Delta, Kelowna, BC - September 18, 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: $TRST.TO, CSE: $HUGE.C, TSXV: $HIP.V, TSX: ACB.TO, TSXV: $BEER
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 CannTrust Holdings Inc. trading on the TSX as TRST, FSD Pharma Inc. trading on the CSE as HUGE and the OTC as FSDDF, Newstrike Brands Ltd. trading on the TSX-Venture as HIP, Aurora Cannabis Inc. trading on the TSX as ACB and the OTCQB as ACBFF and Hill Street Beverage Company Inc. trading on the TSX-Venture as BEER.
CannTrust Holdings Inc., one of Canada's leading and most trusted licensed producers of cannabis, today announced that it has completed its first shipment of cannabis oils to Danish Joint Venture Partner STENOCARE. With this groundbreaking shipment, CannTrust and STENOCARE are changing the face of medicine in Denmark by offering the first and only medical cannabis oils to be accepted onto the Danish Medicine List by the Danish Medicine Agency.
CannTrust's cannabis oils are now available to patients in Denmark and provide a new option outside of cannabis tea, which has been the only cannabis product available in the Danish market to date. Since medical cannabis became legal in Denmark on January 1, 2018, physicians and patients have been anxiously awaiting the introduction of cannabis oil products, as they are indicated in Denmark for the management of multiple sclerosis, chronic pain, and nausea due to the side effects of chemotherapy.
"This first shipment of CannTrust products to STENOCARE marks an important advancement of medical cannabis in Denmark and is just the beginning of many shared successes for our two companies. It also signals a significant step in CannTrust's international expansion. As more and more countries around the world accept and approve the use of medical cannabis, Denmark is a shining example of how CannTrust's expertise and pharmaceutical approach make us a strong global partner," said Brad Rogers, President, CannTrust.
"This is an historic milestone for STENOCARE, as the Danish quality requirements for safe and uniform products are some of the strictest in the world. Thanks to CannTrust's consistent quality and standardized products, we are the first in Denmark to have cannabis oil products approved for the market, and we are thrilled to be able to provide Danish patients with another therapeutic option. We look forward to working with CannTrust on the next phase of our development," says Thomas S. Schnegelsberg, CEO of STENOCARE.
The shipment advances the first phase of the STENOCARE strategy which is to import and distribute quality products from CannTrust.
FSD Pharma Inc., which, through its wholly-owned subsidiary FV Pharma Inc., is a licensed producer pursuant to the Access to Cannabis for Medical Purposes Regulations, announced that it has signed a definitive collaboration and profit sharing agreement with Canntab Therapeutics Limited (CSE:PILL), a leader in the rapidly growing cannabis pill market, effective September 17, 2018. Under the terms of the Agreement, FSD Pharma will assist Canntab to obtain a license to process and sell cannabis products pursuant to the Cannabis Act (the "License"), and will provide Canntab with space at its facility, which is located just one hour east of Toronto in Cobourg, Ontario (the "Transaction").
FSD Pharma will provide Canntab with up to 10,000 square feet of space at the FSD Facility. Canntab will build and install, at its expense, its own manufacturing facility within the larger FSD Facility that will operate in accordance with Good Manufacturing Practices, at which it will produce a suite of novel cannabis oral dose delivery platforms, including gel capsules and tablets, and other types of cannabis-based products, including sleep aids and pain relievers.
Newstrike Brands Ltd. Announced that its wholly-owned subsidiary Up Cannabis Inc., in a historic company milestone, has completed its first shipment of adult-use cannabis as it ramps up production leading up to legalization on Oct. 17.
"With one month to go before adult-use cannabis becomes legalized nationally, our team has worked tirelessly to ensure that our production schedule and provincial shipments remain on-track," said Jay Wilgar, CEO of Newstrike and Up Cannabis. "I am extremely proud of the work our team has put into executing on our plans and look forward to expanding our shipments as we approach legalization and beyond."
Up Cannabis has worked to begin building distribution networks with five provinces to date. The company was last week cleared as a supplier of cannabis to Saskatchewan Retail and Wholesale Permit Holders once registered on October 17, 2018. Up Cannabis has also been selected to supply cannabis to the Nova Scotia Liquor Corporation and has formalized supply agreements with the Ontario Cannabis Store, and the Alberta Gaming, Liquor & Cannabis Commission, in addition to having a signed Memorandum of Understanding with the British Columbia Liquor Distribution.
Aurora Cannabis Inc. responded to a request from the Investment Industry Regulatory Organization of Canada ("IIROC"), who halted trading of ACB on the TSX earlier today before allowing it to resume later in the day, regarding media reports with respect to potential partnerships with multiple beverage companies. The Company's policy is not to comment on speculative media reports. The Company does confirm that it engages in exploratory discussions with industry participants from time to time. At this time the Company confirms there is no agreement, understanding or arrangement with respect to any partnership with a beverage company.
In accordance with applicable disclosure requirements, Aurora will advise the market of material changes when they occur.
Hill Street Beverage Company Inc. has submitted an application to Health Canada's Office of Controlled Substances for a Standard Processor Licence under the Cannabis Act. This license, if granted, will allow the Company to, among other things, produce, make, assemble, sell, provide and transport cannabis products, subject to applicable regulations.
"Hill Street's application marks a significant step forward in the extension of our portfolio of alcohol-free beverages, and our transition coincides with the scheduled change in the status of cannabis." said Terry Donnelly, Hill Street's Chairman and CEO. "While we have applied for a Dealer License, this license as we know it will cease to exist on October 17 when cannabis is approved for recreational use in Canada. At that time, our application will be converted into a Standard Processor Licence."
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