Investor Ideas Potcasts #Cannabis News and Stocks on the Move: Zenabis (TSXV: ZENA) (OTC: ZBISF), Nextleaf (CSE: OILS), Lifestyle Delivery (CSE: LDS), Canopy (TSX: WEED) (NYSE: CGC) and Curaleaf (CSE: CURA)
Delta, Kelowna, BC - March 21, 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: Zenabis (TSXV: ZENA) (OTC: ZBISF), Nextleaf (CSE: OILS), Lifestyle Delivery (CSE: LDS), Canopy Growth (TSX: WEED) (NYSE: CGC) and Curaleaf (CSE: CURA)
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 Zenabis Global Inc. (TSXV: ZENA) (OTC: ZBISF), Nextleaf Solutions Ltd. (CSE: OILS), Lifestyle Delivery Systems Inc. (CSE: LDS), (OTCQX: LDSYF), Canopy Growth Corporation (TSX: WEED) (NYSE: CGC) and Curaleaf Holdings, Inc. (CSE: CURA) (OTCQX: CURLF).
But first, Barneys New York, the luxury specialty retailer, today announced the opening of "The High End", its luxury cannabis lifestyle and wellness concept shop, in its Beverly Hills flagship store. With the launch of The High End, Barneys New York is the first major retailer to introduce a cannabis lifestyle shop.
"Many of our customers are incorporating cannabis into their lifestyle, and The High End meets this new need in a way that only Barneys New York can," said Daniella Vitale, Chief Executive Officer & President, Barneys New York. "We are thrilled for customers to visit The High End and its extraordinary selection of products. It's an experience they can't get anywhere else."
Select products featured in The High End will also be available on Barneys.com starting March 29. Following the opening in Beverly Hills, Barneys New York plans to expand The High End to additional locations in the near future.
The High End features an exclusive partnership with upscale cannabis company Beboe, and an extensive selection of accessories and lifestyle products. This includes a range of elevated wellness products and rare items across home, jewelry, beauty and more. Guests will be able to experience a selection of custom blown glass pipes, luxury rolling papers, one-of-a-kind vintage ashtrays, accessories including sterling silver grinders, and CBD-infused beauty.
Zenabis Global Inc. today announced a significant expansion of its supply opportunity through its entrance into the European pharmaceutical cannabis market. Zenabis has entered into a Letter of Intent ("LOI") towards a definitive supply arrangement with Farmako GmbH ("Farmako"), a research-based pharmaceutical company headquartered in Frankfurt, Germany.
Pursuant to the LOI, Farmako has committed to an initial purchase of CBD isolate. Farmako and Zenabis will each pursue all relevant regulatory permits and licenses in order to complete the initial transaction. The Letter of Intent also contemplates an expansion of the supply arrangement to include other Zenabis products as permitted under applicable laws.
"We are thrilled to enter the European market alongside such an innovative and ambitious industry leader as Farmako," said Andrew Grieve, Chief Executive Officer of Zenabis. "The market for pharmaceutical cannabis in Europe is estimated to reach €55 billion by 2028, and this strategic relationship helps position our company to seize the opportunity this represents. Farmako's significant growth ambitions align with our own. With a shared commitment to product innovation and R&D, we look forward to leveraging this relationship to expand our opportunities in the future."
Nextleaf Solutions Ltd. (formerly Legion Metals Corp.) announced that the common shares of Nextleaf commence trading today on the Canadian Securities Exchange under the ticker symbol "OILS". Nextleaf is an extraction and processing technology company that has developed a portfolio of issued and pending patents pertaining to the company's unique, industrial-scale process of producing purified cannabinoid distillate, a tasteless, odourless cannabis concentrate best suited for infusing premium value-added products.
"I firmly believe Nextleaf's intellectual property portfolio for improving the purity and yield of cannabinoids obtained through the extraction and purification of cannabis biomass will be extremely impactful with the global legalization of cannabis and rapidly growing demand for oils and derivative products in medical and adult-use markets" says CEO Paul Pedersen.
Lifestyle Delivery Systems Inc. announced its flagship product, CannaStrips™, has been delivered to multiple new stores.
Last week the Company's wholly-owned subsidiary, CSPA Group Inc., self-distributed CannaStrips™ into 3 new stores. One of the stores that received CannaStrips™ sold out of the product within several days of receiving the shipment and has placed another order for double the amount received the first time. Rise Distribution has placed a purchase order for CannaStrips™ THC, which is set to be filled and delivered on Monday, March 25, 2019. Rise Distribution is planning to sell CannaStrips™ in their 200+ stores as well as make it available through their home delivery service.
Casey Fenwick, President of LDS, stated, "Every retail store I go into that is selling CannaStrips™ is getting excellent feedback from the growing customer base. The first comment is usually how good the strip tastes compared to any other cannabis product that is taken orally. People are surprised at how little time it takes for them to start feeling effects and how long these effects last. I am hearing people of all ages enjoying the THC version of CannaStrips™, and, with all of the CBD buzz going on, I am very excited to get the CBD CannaStrips™ into people's hands."
Canopy Growth Corporation announced today it has acquired AgriNextUSA, a hemp enterprise led by CEO Geoff Whaling, that has been at the forefront of hemp advocacy and building a vibrant hemp sector in the USA. The acquisition will accelerate Canopy Growth's entry into key American jurisdictions as regulations surrounding the full use of hemp as a crop begin to be implemented, thanks in part to the recently enacted 2018 US Farm Bill.
"The United States is the next stop on Canopy Growth's desired path to becoming a leading, revenue-generating company focused on all aspects of cannabinoids and their potential," said Bruce Linton, co-CEO and Chairman of Canopy Growth. "Our significant investments, acquisitions and compilation of talented leaders such as Geoff will position us for swift expansion throughout the United States. By collaborating with a pioneer like Geoff, who has been involved with our team since our earliest days in 2013, we will aim to turn hemp supplied by American farmers into a wide range of products."
Hemp has the potential to disrupt several prominent industries: advanced materials, cosmetics, energy, fibre and textiles, food and protein production and the health and wellness sectors. In addition, hemp is a natural source of CBD, the non-intoxicating component of cannabis that can be used for health and wellness purposes in jurisdictions where legally permitted.
The vision proposed by AgriNextUSA and supported by Canopy Growth would involve creating Hemp Industrial Parks such as the one previously announced in New York State, where this super crop could be fast-tracked through a production cycle that would result in commercial applications for all parts of the plant, from root to tip. American farmers will benefit from a model that provides a single, regional destination for their hemp crops and connects them with the researchers, entrepreneurs and innovators whose ideas will turn their crops into new products and industries.
Curaleaf Holdings, Inc., a leading vertically integrated cannabis operator in the United States, announced today the opening of its 23rd Florida dispensary as the company continues to expand rapidly throughout the state. Curaleaf has the largest cannabis dispensary footprint in the US, with 43 dispensaries across the country.
"As Curaleaf continues to deliver on its expansion strategy, we are well positioned to improve the quality of patients' lives by providing access to safe top-quality cannabis products," shared Joe Lusardi, Curaleaf CEO.
Located northwest of Miami International Airport, the dispensary includes the community's first medical marijuana drive-thru. Curaleaf, a leader in providing patients with access to medical marijuana in Florida, was the first in the state to introduce and pilot the drive-thru concept at its Palm Harbor dispensary last summer. The company then launched its second drive-thru in Orlando. Curaleaf's drive-thru concept has proven to deliver patients an added benefit - convenience.
Lusardi added, "Understanding many of our patients live with debilitating conditions that may impact mobility, we are proud to now offer Miami area patients our premium quality medical marijuana products through online orders that may be fulfilled via our drive-thru or free delivery service."
In addition to the Company's unwavering commitment to accessibility, Curaleaf also continues to provide patients with compassionate, best-in-class bilingual customer service and educational resources. This dispensary will launch a series of monthly educational events, including Spanish-language workshops, beginning this April for local patients, physicians and community members.
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