Investor Ideas Potcasts #Cannabis News and Stocks on the Move: (TSXV: $BEER.V), (CSE: $SOL.C), (OTCQB: $SOLCF), (CSE: $HITI.C) (CSE: $CROP.C), (OTC: $CRXPF)
Delta, Kelowna, BC - February 27, 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.
Listen to the podcast:
Investor Ideas Potcasts #Cannabis News and Stocks on the Move: (TSXV: BEER), (CSE: SOL), (OTCQB: SOLCF),(CSE:HITI) (CSE: CROP), (OTC: CRXPF)
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 are looking at announcements from Hill Street Beverage Company (TSXV: BEER), SOL Global Investments Corp. (CSE: SOL) (OTCQB: SOLCF), High Tide Inc.(CSE:HITI) and CROP INFRASTRUCTURE CORP. (CSE: CROP) (OTC: CRXPF).
Hill Street Beverage Company has signed a national agreement with Lifford Cannabis Solutions Inc., who will be responsible for the sales and distribution of Hill Street's cannabis-infused beverage portfolio in Canada.
Lifford's sales team will be responsible for maximizing the number of locations where Hill Street's cannabis-infused beverage portfolio is sold, and ensuring the Company's products are prominently featured in government-owned and independent dispensaries across Canada. By some estimates, there are expected to be over 500 such dispensaries by the time cannabis-infused beverages are expected to become legal later this year. As partial consideration to Lifford, Hill Street will issue to Lifford, $100,000 worth of Common Shares of Hill Street at a deemed price per share equal to $0.1921, which the parties have determined to be equal to the 10-day volume weighted average price of the Common Shares as of February 22, 2019. The issuance of the Consideration Shares is subject to the approval of the TSX Venture Exchange.
"We're leveraging our experience building award-winning alcohol-free wine and beer brands to create extraordinary cannabis-infused beverages, providing consumers with healthier and safer alternatives to alcohol," said Doug Taylor, Executive Vice President of Sales and Distribution at Hill Street. "Having the talented Lifford Cannabis Solutions team representing Hill Street will help ensure our portfolio is readily available for sale in Canada's emerging retail, online, and food service channels in the coming years."
SOL Global Investments Corp. announced the close of its latest investment in European Cannabis Holdings, a group of companies helping to shape the future of cannabis in Europe.
European Cannabis Holdings is comprised of industry-leading assets including Prohibition Partners, the world's leading provider of market research and strategic consultancy in the cannabis industry; Cannabis Europa, the premiere medical cannabis conference for business leaders and medical professionals; Nooro/Budca, two leading CBD brands; The Academy of Medical Cannabis, a first-of-its-kind cannabis education platform for medical professionals; The Medical Cannabis Clinics, a chain of private UK clinics specializing in innovative cannabis-based therapies and prescription cannabinoids; and Astral Health, a platform that facilitates medical cannabis imports into Europe.
The newly-acquired ordinary shares bring SOL Global's total position in ECH to approximately 19.4% of the total issued and outstanding ordinary shares of ECH.
"The investment by SOL into ECH is a great opportunity for two of the leaders in the global cannabis industry to form a strategic link," said Brady Cobb, CEO of SOL Global. "SOL remains a key global player in the new and exciting cannabis field and ECH is the clear leader in the important European market. The future is bright for both companies."
High Tide Inc., an Alberta-based downstream cannabis corporation focused on the manufacturing and wholesale distribution of smoking accessories and cannabis lifestyle products, today announced that it has been licensed to open its tenth Canna Cabana retail store, which is located at 11032 Elbow Drive SW in Calgary, Alberta. Having met all municipal business requirements, the Elbow Drive Store is approved to sell smoking accessories and cannabis lifestyle products while the temporary suspension of incremental cannabis retail licensing (the "Moratorium") by Alberta Gaming, Liquor and Cannabis (the "AGLC") remains in effect.
Following an appeal of its initial approval in September of 2018, the Elbow Drive Store recently received a decision in its favour, which allowed High Tide to continue with the outlet's development and open it for business. "The Elbow Drive Store is an important win for the Company and for our team members who work hard to find great retail locations," said Raj Grover, President and Chief Executive Officer of High Tide. "Obtaining this positive decision reaffirms our ability to plan strategically and execute well, while also providing an opportunity for the residents and businesses in the surrounding community to engage with our employees on the topic of recreational cannabis." added Mr. Grover. As an area with a high flow of traffic in and out of central Calgary as well as a diverse retail offering, this location on Elbow Drive provides excellent exposure for the Canna Cabana brand.
In addition to this opening, the Company also recently won an appeal in Edmonton to convert an existing Smoker's Corner store in a prime area along Jasper Avenue to a Canna Cabana retail cannabis location. High Tide now has 36 of the 37 AGLC-mandated maximum development permits for its Canna Cabana and KushBar retail cannabis stores across Alberta and expects to receive the one remaining development permit in the near future. High Tide continues to advance its next 26 Canna Cabana locations, which are under various stages of development and construction. The Company also continues to work towards the introduction of the Canna Cabana brand to residents of Saskatchewan and Ontario through its various previously announced arrangements.
Crop Infrastructure Corp. announced today it has entered into a purchase and sales agreement with World Farms Corp. to divest its interests in CROP Jamaica and XHemplar S.R.L in Italy for CAD$2,000,000 worth of equity in World Farms Corp.
CROP will be retained as advisors in relation to research and development in plant science.
The investment comprises of 10,000,000 common shares in World Farms Corp ('WFC') and represents a 19% ownership interest in WFC for CROP.
The XHemplar S.R.L joint venture facility covers 87,120 square feet. CROP and XHemplar have been working with Italian agencies to import new and unique, high CBD genetics that are expected to command premium prices.
CROP JAMAICA has a five-acre property for the cultivation and extraction of cannabis. The principal local partner is Greg Douglas. During April to November 2017, Douglas was seconded to Jamaica's Cannabis Licensing Authority (CLA) as their CEO. While there he issued the first commercial licenses.
CROP CEO, Michael Yorke, stated: "CROP has divested itself of these two international operations so that management can remain entirely focused on the expanding US operations while retaining a passive but strategic investment in an internationaly focused player offering CROP shareholders additional exposure to WFC's global growth. The company has invested approximately $100,000 between the two projects. This represents a 2,000% return on investment for CROP and its stakeholders.
"The passing of the US Farm Bill in December 2018 has been a total game changer in terms of the vast opportunities opening up right now in the US. We firmly believe in striking while the iron's hot right now on our US doorstep while maintaining exposure to infantile global opportunities."
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