Investor Ideas #Potcasts #Cannabis News and Stocks on the Move: TSX: $APHA.TO, NYSE: $APHA, TSX: $ACB.TO, NYSE: $ACB, CSE: $CXXI.C
Delta, Kelowna, BC - November 5, 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: $APHA.TO, NYSE: $APHA, TSX: $ACB.TO, NYSE: $ACB, CSE: $CXXi.C
Today's podcast overview/transcript:
From company news sources
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 Aphria Inc. trading on the TSX and NYSE as APHA, Aurora Cannabis Inc. trading on the TSX and NYSE as ACB and C21 Investments Inc. trading on the CSE as CXXI.
Aphria Inc. today announced it has established an agreement with Rapid Dose Therapeutics Inc. ("RDT") that grants the Company with exclusive global preferred rights to license, manufacture, distribute and sell RDT's QuickStrip™ innovative, proprietary delivery technology for both medical and adult-use cannabis market.
The Company intends to begin production of oral thin strips at its production facilities in Leamington, Ontario in 2019.
"Aphria is excited to revolutionize the way patients and consumers integrate cannabis into their lives and to bring QuickStrip™ technology - a product unlike any other - to the cannabis market," said Jakob Ripshtein, President of Aphria. "This agreement with RDT further demonstrates Aphria's commitment to bringing advanced products and innovations that will fit the needs of every consumer. Further, the QuickStrip™ technology will help ease concerns surrounding consumption by providing a product that delivers a consistent and precise dosage form."
RDT's proprietary QuickStrip™ technology is a Quick, Convenient, Precise, Discreet™ oral fast-dissolving drug delivery system that offers a smoke-free choice to consumers.
Aphria is a shareholder of RDT, having acquired 7,200,000 shares in a non-brokered private placement completed in August 2018 at a price of $0.75 per share for total gross proceeds of $5,400,000, representing approximately a 9.7% interest in the company.
Aurora Cannabis Inc. announced the official opening of its latest elite, high-tech cannabis production facility in Lachute, Quebec, known to the world as Aurora "Eau."
At 48,000 square feet, with 11 purpose-built grow rooms, Aurora Eau will produce up to 4,500 kg of high quality cannabis per year, all in a facility with some of the lowest electricity costs in North America. It is designed to grow niche varieties of cannabis for the premium medical and adult consumer use markets in Quebec, Canada and around the world. Eau becomes Aurora's second production facility in Quebec, the first being Aurora Vie, a 40,000 square foot indoor grow facility in Pointe Claire, Quebec.
"We're thrilled to officially open our latest technologically advanced facility in the Lachute Region and proud to continue to invest in Quebec," said Terry Booth, CEO of Aurora. "There is incredible potential at Aurora Eau. It's designed to be a place where our expert cannabis cultivators have the flexibility and control to produce some very special high-end varieties that few commercial growers are prepared to tackle. We intend to make some very rare and exciting products there."
Designed and built to meet strict European Union GMP standards and built mainly by local contractors, Aurora Eau is expected to create more than 100 full-time jobs for local area residents. For future development, it has additional manufacturing suites, which allow for increased value-add production. Throughout the construction phase of the project, Aurora injected more than $12 million into the regional community and will continue to support its economic development in coming years, playing a key role in growing the local economy. The facility is strategically located on 46 acres of land, which allows for significant future expansion potential.
C21 Investments Inc. has announced that it has entered into definitive agreements for the July 9, 2018 announced acquisition of Swell Companies Limited. Swell is an extraction, manufacturer and distributor of THC and CBD products. Swell has more than 50 of its branded products available in over 275 licensed retail locations across Oregon. Raw oil, encapsulates and vaporizers are distributed under its in-house brands: Dab Society Extracts and Hood Oil. The capacity of Swell's Portland processing facility will reach up to 5,000 lbs of raw material throughput a month. This throughput will translate into 220,000 to 270,000 grams of processed, oil-based extracts per month, making Swell one of the largest processing groups in Oregon. Additionally, a new state-of-the-art facility located in Bend, Ore., will be operational in December, adding a further capacity to process 1,200 lbs of raw material per month delivering a further 65,000 grams of processed high-quality extracts monthly.
"Swell is C21 Investment's fourth U.S. operation within its asset portfolio to sign a definitive agreement," said Robert Cheney, president and CEO of C21 Investments. "Acquiring Swell fulfills a critical segment in the company's expansion strategy making C21 Investments a leading force in processing and manufacturing in the United States."
"Consumption of cannabis concentrates, such as vapes and edibles, saw a 49-percent increase in 2018," said Alleh Lindquist, CEO of Swell. "This segment is quickly becoming the most significant component in cannabis consumption and with the support of C21, Swell will have the necessary resources to further expand its extraction and manufacturing capabilities to new markets."
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