Investor Ideas #Potcasts #Cannabis News and Stocks on the Move: CSE: $VGW.C, CSE: $MTEC.C, CSE: $BE.C
Delta, Kelowna, BC - October 1, 2018 (Investorideas.com Newswire) https://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: CSE: $VGW.C, CSE: $MTEC.C, CSE: $BE.C
Today's podcast overview/transcript:
Good afternoon and welcome to another Investorideas.com Potcast - following Cannabis news, stocks to watch as well as insights from thought leaders and experts.
Today we will be looking at announcements from Valens GroWorks Corp. trading on the CSE as VGW, Cannvas MedTech Inc. trading on the CSE as MTEC and Beleave Inc. trading on the CSE as BE.
Valens GroWorks Corp., a multi-licensed, vertically integrated provider of cannabis products and services utilizing proprietary extraction processes announced that it has signed a two-part, multi-year agreement with Tarukino Holdings, Inc. The agreement allows Valens to further expand on its product and service offerings to compliment the extraction market while also securing a strong foothold in the developing Canadian cannabis-infused beverage, edible and topical categories.
Under the agreement, Tarukino grants Valens the exclusive Canadian rights to the production and distribution of its proprietary emulsion technology that transforms cannabis oil and oil-based terpenes into water-soluble forms for use in beverages, edibles, topicals and other consumer products. This technology, better known in the industry as SōRSE™, allows cannabis infused products to maintain potency when heated, chilled or frozen, and removes all cannabis taste and smell, enabling Valens to develop their own innovative self branded products while making SōRSE™ directly available to the Canadian market.
"One of the many key benefits of utilizing "SōRSE™ technology in edibles and infused beverages includes being able to dramatically decrease the time for onset and how long it lasts after consumption. This will improve the experience for our consumers and ultimately paves the path for how we believe cannabis will be consumed in the future" said Tyler Robson, CEO, Valens GroWorks.
This multi-year agreement also provides Valens with the exclusive rights to produce, sell and distribute, in Canada, when and where permitted, Tarukino branded products including Happy Apple™, a cannabis-infused sparkling cider, recognized as the number one selling cannabis beverage in Washington state, and Pearl20™, a cannabis infused food and beverage mixer, the first and currently only product of its kind on the market, which is easily incorporated into a wide variety of edible and topical products, revolutionizing the practical application of medical cannabis and medical product development.
In exchange for these exclusive Canadian rights, the Company has agreed to grant Tarukino 4,300,000 shares of the Company on signing the agreement, 1,000,000 warrants that vest based on certain future milestones and a decreasing royalty on revenue related to the associated products and technologies over the term of the agreement. The warrants are exercisable at prices ranging from $3.50 to $4.00 per share for a five year term from the date of issuance.
Dixie Brands, Inc. signed a definitive merger agreement on September 28, 2018 in connection with its proposed public listing on the Canadian Securities Exchange (CSE). Pending approval from the CSE, Dixie will complete a reverse takeover (RTO) of a Canadian public company, Academy Explorations Limited (Academy) and will be subsequently renamed Dixie Brands (USA) Inc. Both Academy and Dixie have received board and shareholder approval for the RTO. As a result, Dixie will boast the largest global footprint of infused product manufacturing and distribution facilities of any brand in the cannabis space.
"The Federal legalization of marijuana in Canada is further proof that cannabis is no longer a fringe conversation or product. By going public on the CSE, we're investing in Dixie's future for continued growth with a focus on quality, product innovation and scale," says Dixie CEO Chuck Smith.
Simultaneously with the finalization of the documents in connection with the RTO, Dixie closed its Series C fundraising round of approximately $25 million. The Series C round was originally offered as a non-brokered private placement for $20 million, however, due to positive investor demand, Dixie increased the maximum offering amount to $25 million with board and shareholder approval.
Dixie is currently operating in four states (Colorado, California, Nevada, and Maryland) and has international distribution and manufacturing partners in Australia and Canada. Dixie plans to expand into four to six additional states in 2019 through partnerships with licensed and regulated producers in each state. Already the owner of the largest award-winning, THC-infused product line in the industry, Dixie has recently expanded its hemp-based offerings by introducing Aceso Wellness, a human dietary supplement line, and Therabis, a pet food supplement portfolio, at the end of 2016. These highly regarded products are available through brick-and-mortar locations and e-commerce in all 50 states, and internationally.
As a result of the additional capital recognized by the Series C raise and future access to capital in the public markets, Dixie will expand its controlled manufacturing and distribution footprint throughout the U.S., and invest in automated production to increase manufacturing scale and efficiency. Additionally, Dixie will invest in continued product innovation and development in line with mainstream consumer trends and ever-increasing demand from wide ranging demographics.
Cannvas MedTech Inc., a leading business technology company in the cannabis space, announced that it is partnering with Lip Sync Battles Cancer in support of Pancreatic Cancer Canada to sponsor the third annual Lip Sync Battles Cancer fundraiser in Montreal, QC.
"We are pleased to partner with Lip Sync Battles and Pancreatic Cancer Canada for this very special event in Montreal," said Daniel Davidzon, Marketing Manager, Cannvas MedTech Inc. "Many of us have been touched by cancer in one way or another, and pancreatic cancer has among the toughest prognoses even with early detection. As advocates of medical cannabis as an alternative health care option, our goal and the focus of our Cannvas.Me online portal is to educate the general public on the benefits of using medical cannabis. I look forward to a successful event and working more with Pancreatic Cancer Canada."
This year's event will take place on Saturday, November 24 starting at 7pm at the Phi Centre, a meticulously restored heritage building located at 407 Rue Saint-Pierre in Old Montreal. It will be hosted by Michael Musi, a Montreal-born-and-raised actor who can be found playing Terence on the hit CBC show "Kim's Convenience".
Beleave Inc. announced that it is has filed an application with Health Canada and, once approved, is ready to proceed with phase one in Chilliwack of the its recently-announced indoor cultivation cannabis project in British Columbia.
Less than two weeks ago, the Company announced the ambitious new project, jointly-designed by Beleave and Kannavis Biotech Corp., on a 50/50 operating expenditure and revenue partnership, that will encompass a total of ten indoor growing facilities approximately 87,000 square feet each.
This project is fully capitalized and will carry newest products including strains of cannabis not yet offered in Canada, as well processing of newly acquired and developed products that will include edibles, drinks, and other non-combustible cannabis products that Beleave will be releasing to the general public in the near future.
"We're very pleased with our progress, and we anticipate receiving the approval from Health Canada," said Andrew Wnek, Beleave CEO. "Once completed, the entire project will add hundreds of thousands of square feet of superior indoor grow space to our growing capacity. We will continue to update our stakeholders on its progress as developments arise."
The company plans to have phase one fully built, outfitted, and producing cannabis for Q2 2019.
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