Investor Ideas Potcasts #Cannabis News and Stocks on the Move: Fire & Flower (TSXV: FAF), Grown Rogue (CSE: GRIN) (OTC: NVSIF), BLOCKStrain (TSX:V: DNAX.V) (OTC: BKKSF), Lifestyle Delivery (CSE: LDS), (OTCQX: LDSYF), Vireo Health (CSE: VREO) (OTC: VREOF) and SOL Global (CSE: SOL) (OTCQB: SOLCF)
Delta, Kelowna, BC - April 2, 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: Fire & Flower (TSXV: FAF), Grown Rogue (CSE:GRIN) (OTC: NVSIF), BLOCKStrain (TSX:V: DNAX.V) (OTC: BKKSF), Lifestyle Delivery (CSE: LDS), (OTCQX: LDSYF), Vireo Health (CSE: VREO) (OTC:VREOF) and SOL Global (CSE: SOL) (OTCQB: SOLCF)
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 Fire & Flower Holdings Corp. (TSXV: FAF), Grown Rogue International Inc. (CSE:GRIN) (OTC: NVSIF), BLOCKStrain Technology Corp. (TSX:V: DNAX.V) (OTC: BKKSF), Lifestyle Delivery Systems Inc. (CSE: LDS), (OTCQX: LDSYF), Vireo Health International, Inc. (CSE: VREO) (OTC:VREOF) and SOL Global Investments Corp. (CSE: SOL) (OTCQB: SOLCF).
Fire & Flower Holdings Corp., today announced Fire & Flower York Street Cannabis, one of Ottawa's first legal, adult-use cannabis stores achieved opening day system sales in excess of $50,000.
"We are thrilled to see that consumers in Ottawa were so pleased with the Fire & Flower retail experience," shared Trevor Fencott, Chief Executive Officer of Fire & Flower. "Achieving more than $50,000 in the first day of sales is an impressive milestone and demonstrates Fire & Flower's ability to deliver a best-in-class cannabis retail experience."
"As the first store open in Ottawa, we are grateful to members of our community who have shown us such incredible support," said licence holder Michael Patterson. "The ability to achieve such remarkable opening day sales would not have been possible without the expertise of all members of the Fire & Flower team," added licence holder Eric Lavoie.
Grown Rogue International Inc. a vertically-integrated, multi-state cannabis company, with licenses and operations in Oregon, California, and now Michigan, has released its financial and operating results for the three months ended January 31, 2019.
Some of the highlights included: First quarter revenue grew by 388% year-over-year to $834,309 and is expected to continue as the Company proceeds with its expansion plans in Oregon, California and Michigan, Grown Rogue products in over 220 dispensaries in Oregon and achieved Oregon outdoor THC potency record and won the prestigious Growers Cup in two of three categories.
"Our Fiscal 2019 Q1 represents the first full quarter for Grown Rogue as a public company and marks the Company's 5th consecutive quarter of revenue growth since launching first in the state of Oregon in late 2017," said Obie Strickler, President and CEO of Grown Rogue. "To have gained this brand recognition and sales traction, in what is arguably the world's most competitive legalized cannabis market, bodes very well for our expansion into California and particularly the newly legalized market in Michigan. We've grown very quickly from controlling just 3 licenses in one state a year ago to assets allowing us to have 22 licences in three states today."
BLOCKStrain Technology Corp., creator of the first Blockchain-secured, fully-integrated IP tracking platform for the cannabis industry, announced its software suite has been nominated for "Best Software" at the O'Cannabiz Industry Awards Gala on Thursday, April 25th 2019.
"BLOCKStrain's mission is to provide Licensed Producers, craft growers, cannabis-product developers and of course, consumers, with a high level of confidence in the quality and contents of their cannabis-based products." said Chief Executive Officer, Robert Galarza. "We take pride in having developed what we believe is a comprehensive, best-in-class platform and are honoured to be included as a nominee in the category of 'Best Software' at this premier event, presented by one of Canada's most highly-regarded business-to-business cannabis conferences."
The Gala, which will be held during the O'Cannabiz conference, taking place from April 25 to 27, 2019 in Toronto, is a celebration and exclusive event to recognize the industry's best professionals and products in 35 categories. Registered voters will only be able to vote once, per email address, during the voting period, which closes at 12:00 p.m. Eastern time (9:00 a.m. Pacific time) on April 3, 2019. Once registered, voter information will be stored in the O'Cannabiz database so users may come back and complete their voting at their leisure (until voting closes on April 03, 2019).
Lifestyle Delivery Systems Inc. announced that Lifestyle Delivery Systems Inc.'s wholly-owned subsidiary, CSPA Group, Inc., has completed the initial packaging of the fourth generation of CBD CannaStripsTM for the California market. The packaged CBD CannaStripsTM will now be sent to an independent laboratory for California State testing. This is the final requirement on all manufactured cannabis products before they are eligible for distribution and sale. The latest formulation has improved taste and faster bio-availability. The completed CBD version is a 10mg CBD strip with less than 2% THC. All of the CBD versions will have a full spectrum of Cannabinoids, Terpenes and Flavonoids to promote all possible entourage effects.
The Company's CEO, Brad Eckenweiler, commented, "This product has been long awaited and is possibly the most significant product of the LDS mission for customers looking for safe contaminant-free cannabis products without the issues of smoking or ingesting cannabis. We developed CannaStripsTM in the hope that cannabinoids could help reduce cancer treatment symptoms without smoking or ingesting cannabis in its harshest forms. The CannaStripsTM delivery system accomplishes this objective seamlessly without offending or affecting others, discreetly, quickly, and tastefully."
Vireo Health International, Inc. , America's leading science-focused, multi-state cannabis company, today announced the acquisition of Mayflower Botanicals Inc., a Registered Marijuana Dispensary ("RMD") certificate holder in Massachusetts. In conjunction with the transaction, Vireo acquired 73 acres of land zoned for the production, processing, and distribution of medical cannabis, with an expedited path toward adult-use licensure.
"As a board-certified emergency room physician, I support adult-use programs because I believe cannabis to be a safer and less addictive alternative to both alcohol and tobacco," said Chief Executive Officer, Kyle Kingsley, M.D. "It's time to recognize that a public health policy focused on adults replacing their consumption of alcoholic beverages and tobacco products with cannabis has the potential to save thousands of lives each year."
Data from the Centers for Disease Control and Prevention indicates that the excessive alcohol use in the United States kills about 88,000 people each year. In Massachusetts, excessive drinking results in 1,525 deaths annually. According to a 2016 study, cigarette smoking is responsible for more than 480,000 deaths per year, including nearly 42,000 deaths from secondhand smoke exposure. In 2015, an estimated 700,000 adults in Massachusetts were regular cigarette smokers.
SOL Global Investments Corp. announced its latest strategic investment, a significant position in premium hemp company Sacred Hemp.
SOL Global has acquired a 10.3 percent stake in Sacred, the Chicago, Illinois-based manufacturer of premium hempseed oil-infused products including pain relief balms and oils, feminine products, massage oils, salt soaks, and personal lubricants.
SOL Global will assign its position in Sacred to its hemp/CBD-focused international subsidiary, Heavenly Rx.
Sacred's product line includes its bestselling all-natural pain relief balms and lotions, made from a combination of natural hempseed oil extracts, essential oils, and menthol. Sacred's Therapeutic Massage Oil is designed to rejuvenate even the most sensitive skin types and can help to reduce muscle inflammation and relieve muscle aches and pains. Sacred also offers four different varieties of salt soaks, including its Acai Berry Soak and its Dead Sea Salt Soak, as well as two varieties of natural hemp oil-infused personal lubricant, designed to enhance intimacy without irritants or harsh chemicals. Their female specific products include a PMS Pain Balm as well as an all-natural feminine wash.
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