Investor Ideas Potcasts #Cannabis News and Stocks on the Move: Fire & Flower (TSXV: FAF), Cannara Biotech (CSE: LOVE), Cannabis Growth Opportunity (CSE: CGOC), Vireo Health (CSE: VREO) and SOL Global (CSE: SOL)
Delta, Kelowna, BC - March 26, 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: Fire & Flower (TSXV: FAF), Cannara Biotech (CSE: LOVE), Cannabis Growth Opportunity (CSE: CGOC), Vireo Health (CSE:VREO) and SOL Global (CSE: SOL)
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 Fire & Flower Holdings Corp. (TSXV: FAF), Cannara Biotech Inc. (CSE: LOVE), Cannabis Growth Opportunity Corporation (CSE: CGOC), Vireo Health (CSE:VREO) and SOL Global Investments Corp. (CSE: SOL) (OTCQB: SOLCF).
Fire & Flower Holdings Corp. today announced successful first month operations of its cannabis Click & Collect service.
The Click & Collect service allows age-verified adult-use cannabis consumers to reserve cannabis and accessory products for pickup at stores across the provinces of Alberta and Saskatchewan. The service was launched as part of the Company's mission to curate the world of cannabis for its customers who seek a more convenient and informative buying experience. Certain cannabis products sell out rapidly, and the Click & Collect service ensures customers are able to reserve high-demand products and receive priority service when visiting a store.
"The Click & Collect service has been adopted very favourably, particularly by our loyal customers using mobile devices," shared Trevor Fencott, Fire & Flower's Chief Executive Officer. "We are seeing rapid and continuous growth in use of our Click & Collect service across the entire Fire & Flower retail network."
The service was developed by HiFyre Inc., Fire & Flower's digital product studio that was acquired by the Company in July of 2018. HiFyre Inc. has significant cannabis e-commerce experience including work for Mettrum Health Corp., Starseed Medicinal Inc. and Canopy Growth Corporation.
Cannara Biotech Inc., an emerging vertically integrated cannabis company focused on cultivation and cannabis-infused products, today announced its subsidiary Global shopCBD.com Inc. ("shopCBD.com") has closed private rounds of financing for aggregate proceeds of $8,865,849.15. Cannara remains the majority shareholder of the U.S. based online e-commerce platform with an approximately 61% ownership position.
"As the hemp CBD consumer markets continue to evolve, what is increasingly clear is the health and wellness segment is becoming more prominent," said Zohar Krivorot, President and CEO of Global shopCBD.com. "The high level of investor interest in participating in shopCBD.com underscores the potential of both CBD products overall and moreover, a best-in-class online platform to serve this market."
Cannabis Growth Opportunity Corporation, a cannabis focused investment corporation with both public and private cannabis holdings, reported that Vireo Health International Inc., one of the private portfolio holdings commenced trading on the Canadian Securities Exchange , under the symbol "VREO", on March 20, 2019, at an opening price of $5.65. In conjunction with its previously announced business combination with Darien Business Development Corp, Vireo raised over US$50 million by way of brokered and non-brokered private placement offerings.
Vireo is a physician-founded and scientifically-focused multi-state medical cannabis company. CEO Dr. Kyle Kingsley founded the Company in 2014 after winning one of only two vertical licenses issued by the state of Minnesota. The Company has gone on to expand its business across multiple states, focusing its efforts on limited license medical states. Vireo has a successful track record of winning licenses in competitive application processes.
Jamie Blundell, President and Chief Operating Officer of CGOC commented, "Vireo has proven to be a committed and dedicated company, who have achieved their goals and objectives as stated. We expect significant upside within the company as they continue to expand their reach across the US.
"Our investment in Vireo has provided a return of 188% in nine months and is a great example of how our private investments can quickly add value to CGOC. This will positively impact our NAV when calculated in April. At the current share price, CGOC represents a unique and vastly discounted opportunity to benefit from the continued success within this sector."
SOL Global has acquired 3,396,049 common shares of Jones Soda in the open market. SOL Global's total investment represents approximately 8.19% of the total issued and outstanding common shares of Jones Soda which, based on publicly available information, makes it the company's largest stockholder. SOL Global has filed a Schedule 13D with the United States Securities and Exchange Commission describing its investment in Jones Soda.
The Seattle-based Jones Soda Co., founded in 1986, is known for its wide variety of flavored craft sodas, made with pure cane sugar and other high-quality ingredients. The company's most recent product launch, Jones Ginger Beer - as well as two new sugar-free soda flavors - join its core brands including its Jones Soda product line, Jones Carbonated Candy, and Lemoncocco, a premium non-carbonated drink made with high-quality lemon and coconut flavors. Jones Soda is sold in eye-catching glass bottles and cans and in fountains at restaurants and is distributed throughout North America. The company continues to innovate its core brands as demand for healthier sodas that contain high-quality ingredients grows and has also redeveloped the majority of its product line using colors derived from natural sources.
"Jones Soda has an iconic, retro brand in the Soda Bottle and Fountain Beverage sector, and we believe the company's true value will be recognized by the market as its new offerings gain steam," said SOL Global Chief Investment Officer Andy DeFrancesco. "It is clear that Jones Soda is committed to being on the front lines of innovative product development, while staying true to their iconic brand."
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