Investor Ideas Potcasts #Cannabis News and Stocks on the Move: (TSX: $TRST.TO) (CSE: $ISH.C) (TSX: $TGOD.TO) (CSE: $BE.C)
Investor Ideas reporting from MJBizCon- CLS Holdings USA (OTCQB: $CLSH) at #MJBizCon: Meet the City Trees Team at Booth 3913
Delta, Kelowna, BC - November 15, 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 and its exclusive content partner, CLS Holdings USA, Inc. (OTCQB: CLSH), release today's edition of Investorideas.com potcastsCM - cannabis news and stocks to watch plus insight from thought leaders and experts.
Cannabis Life Sciences a diversified cannabis company operating as Cannabis Life Sciences and an integrated cannabis producer and retailer in Nevada through its Oasis Cannabis subsidiaries will be showcasing at MJBizCon this week in Las Vegas from November 14-16th.
Investorideas.com will be at MJBizCon this week at Podcast Row interviewing industry leaders and experts.
Listen to the podcast:
Investor Ideas Potcasts #Cannabis News and Stocks on the Move: (TSX: $TRST.TO) (CSE: $ISH.C) (TSX: $TGOD.TO) (CSE: $BE.C)
Today's podcast overview/transcript:
Good afternoon, welcome to another Investorideas.com "potcast", featuring stocks to watch, cannabis news as well as insights from thought leaders and experts.
This podcast is sponsored by CLS Holdings USA, Inc. (OTCQB:CLSH). Cannabis Life Sciences a diversified cannabis company operating as Cannabis Life Sciences and an integrated cannabis producer and retailer in Nevada through its Oasis Cannabis subsidiaries will be showcasing at MJBizCon this week in Las Vegas from November 14-16th.
Investorideas.com is at MJBizCon this week at Podcast Row interviewing industry leaders and experts this Wednesday to Friday.
Today we will be looking at announcements from CannTrust Holdings Inc. (TSX: TRST), Inner Spirit Holdings Ltd. (CSE:ISH), The Green Organic Dutchman Holdings Ltd. (TSX:TGOD) (US:TGODF) and Beleave Inc. (CSE: BE) (OTCQX: BLEVF).
CannTrust Holdings Inc., a licensed producer of medical and recreational cannabis under the Cannabis Act and its regulations, announced financial and operating results for the three and nine months ending September 30, 2018.
- Record revenues of $12.6M in Q3 2018, a 105% increase from the comparable prior year period
- Operations for the quarter resulted in positive EBITDA and positive net income
- Active patients increased to more than 50,000, a 61% increase from the comparable prior year period
- The company also entered into supply agreements with 9 Canadian provinces to supply recreational cannabis across Canada
- Launched a fourth recreational brand: Peak Leaf
- Made our first shipment of cannabis oil to Denmark - the only cannabis oil accepted in Denmark
- Partnered with Australia's Gold Coast University Hospital on a six-month study designed to evaluate the efficacy of CannTrust CBD capsules in slowing the progression of Amyotrophic Lateral Sclerosis (ALS) progression
- Partnered with McMaster University on medicinal cannabis research for chronic pain and for designing more effective, safer treatment protocols in public health policies
The Company is also taking steps to list its common shares on the New York Stock Exchange ("NYSE"). Any such listing remains subject to the approval of the NYSE and the satisfaction of all applicable listing and regulatory requirements.
Peter Aceto added, "CannTrust has firmly established itself as one of the top licensed producers in Canada with a global platform rooted in science and innovation. A U.S. listing is a natural step forward in our evolution as we look to broaden our investor base and expand our business on an international scale."
Inner Spirit Holdings Ltd. continues to establish a chain of recreational cannabis dispensaries under its Spiritleaf brand. The Company recently opened its first two Spiritleaf franchise stores in Brooks and St. Albert, Alberta and has additional franchise store openings in Moose Jaw, Saskatchewan on November 17 and Lethbridge, Alberta on November 19.
"We have exciting and aggressive plans to open Spiritleaf franchises and corporate stores throughout the country. The opening of our first locations in Alberta is a very important milestone for Inner Spirit and the Spiritleaf brand," said Darren Bondar, President and CEO of Inner Spirit. "We're executing on our vision and bringing the iconic Spiritleaf experience to new customers. Our extension of the Spiritleaf brand into Saskatchewan will be another key achievement in our expansion strategy. We have our sights firmly set on a national brand experience with the Spiritleaf franchise and corporate store offerings."
In Alberta, the Company's 23 other municipally approved locations are in various stages of construction and subject to receipt of final license approvals from the applicable municipalities and the Alberta Gaming and Liquor Commission. It also has conditionally secured an additional 17 locations. Inner Spirit expects to open corporate stores in Calgary, Edmonton and Jasper, Alberta, along with 14 franchise locations across the province before the end of 2018.
The Green Organic Dutchman Holdings Ltd. announced a supply partnership with Velvet Management Inc. for sales and distribution to provincial liquor and cannabis boards across Canada. Velvet is a new company with distinct ownership created by the largest wine distributor in Canada, Philippe Dandurand Wines.
TGOD is committed to best-in-class distribution for its premium, certified organic cannabis. Sales and relationships with provincial cannabis and liquor boards is a critical aspect to TGOD's success. Through the partnership with Velvet, TGOD has secured a strong entry point with every provincial liquor and cannabis board across Canada.
Dandurand has been a successful Canadian enterprise since 1968, specializing in importing wines from various countries around the world. Dandurand is the largest wine importer/agent in Canada, managing more than $625 million of retail sales across 1,600 stores, and 4 million cases in annual volume. With over 115 employees and offices in Montreal, Toronto, Calgary and Vancouver, Dandurand has the largest wine salesforce in the country.
Leading up to Canada's adult-use market, Dandurand established Velvet Management Inc. to focus on the sales and marketing of cannabis brands. TGOD is the first cannabis partner and will be exclusive in the certified organic segment. TGOD as the brand owner will maintain responsibility for brand marketing.
"TGOD's cannabis is a premium offering, the best experience a consumer can receive," said Csaba Reider, President of TGOD. "When we began the search for a distribution partner, we wanted the best - a partner with significant distribution capabilities and years of excellence in selling premium alcohol and wine. In Velvet Management we have found that partner."
Beleave Inc. announced that it has developed water-soluble cannabis-infused powder and sugar products to prepare for the adult recreational cannabis-infused food and beverage market next year.
Beleave's Hamilton laboratory is being expanded to make room for methods to formulate cannabis extracts into soluble, flavourless powders, sugar crystals, and syrups for use in beverages and food products using stability-enhancing techniques for prolonged shelf-life. The final product offered to consumers will be a flexible, food-grade ingredient that delivers an accurate dose of THC and CBD when ingested orally, and with enhanced bioavailability.
Spearheading these efforts is the Company's recently-appointed VP of Science and Technology, Dr. Peter Chen, who is a Postdoctoral Fellow at the University of Waterloo, School of Pharmacy. Product development and optimization protocols will be done alongside long-term Beleave collaborator, Dr. Michael Rogers, Associate Professor in the Department of Food Sciences at the University of Guelph.
"Our goal is to formulate cannabinoid products that will have improved bioavailability and versatility so they can be infused into various food products and beverages," said Dr. Chen. "We are extremely excited for all the potential uses and products that will come to market because of our research."
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This podcast is sponsored by
CLS Holdings USA, Inc. (OTCQB: CLSH)
CLS Holdings USA, Inc. (CLSH) is a diversified cannabis company that, subject to receipt of certain anticipated regulatory approvals, acts as an integrated cannabis producer and retailer through its Oasis Cannabis subsidiaries in Nevada, and plans to expand to other states.
CLS stands for "Cannabis Life Sciences," in recognition of the Company's patented proprietary method of extracting various cannabinoids from the marijuana plant and converting them into products with a higher level of quality and consistency. The Company's business model includes licensing operations, processing operations, processing facilities, sale of products, brand creation and consulting services.
For additional information, please visit: http://www.clsholdingsinc.com
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