Investor Ideas Potcasts #Cannabis News and Stocks on the Move: (TSXV: $OGI.V) (OTCQX: $OGRMF), (CSE: $MW.C) (OTC: $MICWF), (TSXV: $META.V), (TSXV: $PURE.V) (OTC: $PRCNF) and (TSXV: $OGO.V)
Delta, Kelowna, BC - January 16, 2019 (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 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 V: $OGI.V) (OTCQX: $OGRMF), (CSE: $MW.C) (OTC: $MICWF), (TSXV: $META.V), (TSX.V:PURE) (OTC: $PRCNF) and (TSX-V: $OGO.V)
Today's podcast overview/transcript:
Good afternoon 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 Organigram Holdings Inc. (TSX VENTURE: OGI) (OTCQX: OGRMF), Micron Waste Technologies Inc. (CSE: MWM) (OTC: MICWF), National Access Cannabis Corp. (TSXV: META), Pure Global Cannabis Inc. (TSX.V:PURE) (OTC:PRCNF) and Organto Foods Inc. (TSX-V: OGO)(OTC: OGOFF).
Organigram Holdings Inc., the parent company of Organigram Inc., a leading licensed producer of cannabis has partnered with Canada's Smartest Kitchen (CSK), a leader in food product development, to expand the Company's ongoing research and development related to edible cannabis products. Following the legalization of adult use recreational cannabis in Canada in 2018, cannabis edibles are expected to be legalized later in 2019 with the draft amendments to The Cannabis Act for edibles having been issued by the Federal Government for public consultation on December 20, 2018. Organigram's initial strategic product development work with CSK will focus on the chocolate confectionery market.
"Our collaboration with Canada's Smartest Kitchen is an example of, and a next step in, the outstanding strategic partnerships Organigram has developed to support the growth of its recreational product offering and business overall," says Ray Gracewood, Chief Commercial Officer, Organigram.
Since 2016, Organigram has leveraged its relationship with TGS International, LLC ("TGS") to better understand product trends within regulated U.S. markets, as well as gain a deep understanding of technology, process and product development through TGS's specialization in the extract market.
"As the recreational cannabis industry in Canada anticipates the pending legalization of cannabis edibles, we are excited to combine the technology and product trending understanding we now have through our relationship with TGS with the experience of Canada's Smartest Kitchen to develop a signature line of products that delivers the exceptional quality, flavours and forms that adult Canadians are looking for."
Micron Waste Technologies Inc., a leading developer of waste treatment systems for food and cannabis waste, announced the appointment of Alfred Wong to President and Chief Executive Officer, effective immediately. Mr. Wong succeeds CEO Rav Mlait.
"Alfred joined Micron as President in 2016 and has been instrumental in overseeing the development of the Company's research and development from design to prototype," said Kal Malhi, Chairman. "In his new role as President and CEO, he will oversee strategic growth initiatives with a focus on accelerating commercialization of our food and cannabis waste processing systems. He will also lead expansion into new product verticals for industries such as food processing, brewing and spirits, pulp and paper and biological pharmaceuticals."
Micron's food and Cannavore™ cannabis waste treatment systems are industrial-grade organic waste processers which pulverize and render organic waste in combination with a proprietary blend of microbes and enzymes designed and developed by Micron. Importantly, as part of Micron's full-system waste treatment platform, effluent from the systems is further treated to derive clean greywater which can be reused in industrial or agricultural operation. Alternatively, the regulatory-compliant greywater, which meets municipal discharge standards, can be safely discharged. Active pharmaceutical ingredients (APIs) in cannabis waste are denatured, preventing bio-accumulation in watersheds.
National Access Cannabis Corp. announced that its wholly owned subsidiary, NAC Prairies Ltd., has entered into a share purchase agreement in respect of an arm's length transaction with the shareholders of New Leaf Emporium Inc., whereby NAC Prairies will acquire all of the issued and outstanding shares of New Leaf Emporium. Under the terms of the share purchase agreement, the total purchase price payable for the New Leaf Emporium Shares is $1.6 million, comprised of a cash payment of $1.2 million from NAC Prairies and the issuance of 649,880 common shares of NAC, which have an aggregate dollar value of approximately $400,000. Additionally, NAC Prairies will reimburse New Leaf Emporium for certain expenses associated with the build out of the Moose Jaw premises on standard commercial terms. The Purchase Price and New Leaf Emporium Shares have been placed into escrow and will be released to the respective parties upon the Saskatchewan Liquor and Gaming Authority providing NAC with approval to operate the New Leaf Emporium premises in Moose Jaw, Saskatchewan, following which NAC Prairies will own all of the issued and outstanding shares of New Leaf Emporium.
"We're growing our footprint into Saskatchewan," said Mark Goliger, CEO of NAC. "We've worked diligently to be the national leader in cannabis retail, having opened 21 stores to date in the complex regulatory markets of Alberta and Manitoba, and with our experience, Saskatchewan is an ideal expansion market for NAC. We have what's required: great relationships with Licensed Producers, existing e-commerce infrastructure, and retail operator know-how. Moose Jaw is the right market to start, with the New Leaf Emporium store operational today as one of only 2 stores serving a population of 35,000. We're ready to lead the way for customers in three provinces through a proven model of safety, education and customer service while delivering sustained returns and increased growth for our shareholders."
Pure Global Cannabis Inc. an integrated, growth-oriented life sciences and consumer products cannabis company, through its subsidiary PureSinse Inc., announced the launch of the Clinical Cannabinoid Education Network, CCEN.ca, a not-for-profit, to educate and inform physicians about the latest breakthroughs related to medical cannabis.
The Clinical Cannabinoid Education Network (CCEN) provides an educational platform for medical practitioners who want to learn more about the science of cannabis and its place in their clinical practice. By providing education and a forum for physicians by physicians, they can share new information and learn from one another in a supportive environment. This will allow more patients to obtain the latest and most effective treatments as determined by their doctors, including safe access to medical cannabis.
Run jointly as a partnership initiative between Spark Cannabis and PureSinse, the CCEN launch features an initial networking dinner on January 31, 2019 and a full summit on May 10, 2019.
Organto Foods Inc. today announced that the Organto Global Cannabis Group, through its wholly-owned subsidiary, Medicannabis S.A.S., has been granted a license from Colombia's Ministry of Justice to cultivate non-psychoactive cannabis (CBD) at its cultivation and breeding facility in Guasca, Cundinamarca, Colombia. The license authorizes the cultivation of non-psychoactive cannabis in Colombia for medicinal use and further processing into cannabis products, including but not limited to, oils, tinctures, beverages, topicals and other products. It also allows for grain and seed production and for scientific purposes.
"We are thrilled to receive this license as was anticipated, and as a result we now have the ability to advance the breeding and seed production of high-CBD cannabis cultivars adapted for equatorial climates." commented Todd Dalotto, President of the Organto Global Cannabis Group. "The granting of this license is a key first step as we establish our low-cost, ecologically designed growing and processing facilities and build out our commercial operations using cultivars developed from our diverse seed library."
Organto acquired 100% of Medicannabis, a late stage applicant for licenses to enable it to cultivate and process medicinal cannabis in Colombia, in November 2018. The acquisition was part of Organto's strategy to build out a global cannabis group using cost-effective M&A strategies. The acquisition of a late stage applicant came with certain uncertainties and risks, many of which have now been mitigated with the grant of this license, supporting Organto's cost-effective approach to the transaction.
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