Investor Ideas Potcasts, Cannabis News and Stocks on the Move April 26 (TSX: TGOD) (OTC: TGOF) (TSX: ACB) (NYSE: ACB) and Interview with CEO of Province Brands
Delta, Kelowna, BC - April 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 April 26 (TSX: TGOD) (OTC: TGOF) (TSX: ACB) (NYSE: ACB) and Interview with CEO of Province Brands
Today's podcast overview/transcript:
Good afternoon and welcome to another episode of Investorideas.com "potcasts", looking at cannabis news, stocks to watch as well as insights from thought leaders and experts.
Today we are looking at announcements from The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTC: TGODF and Aurora Cannabis Inc. (TSX: ACB) (NYSE: ACB), as well as a look at this years 4/20 sales and figures and my interview with Dooma Wendshcuh, Co-Founder and CEO of Province Brands where we discuss how his company has evolved over the past 3 years and what we can expect to see this October regarding the Canadian beverages and consumables market.
The Green Organic Dutchman Holdings Ltd. announced that its wholly owned subsidiary, HemPoland, has received organic certification from EKOGWARANCJA PTRE. This organic certification is provided by the Polish Center for Accreditation on authority from the Minister of Agriculture and Rural Development. HemPoland's facilities, production processes and product offerings are now certified organic.
TGOD's extraction and formulation of premium high-quality hemp oils from certified organic raw materials within Poland, sets the foundation for novel and proprietary products to be offered throughout Europe and global markets with official PL-EKO-01 EU certificates. TGOD's newly certified facility expands its global reach for certified organic production.
EKOGWARANCJA PTRE is the largest certification body supported by the Polish Ministry of Agriculture and Rural Development, certifying operators whose goods are being produced in accordance with council regulations.
Aurora Cannabis Inc. and EnWave Corporation (TSX-V:ENW) (OTC: NWVCF) announced today that the companies have entered into a royalty-bearing commercial license agreement, providing Aurora with the exclusive rights to EnWave's patented Radiant Energy Vacuum drying technology for the production of cannabis materials in the European Union, excluding Portugal. Aurora has also secured exclusive license options for both Australia and South America, excluding Peru, exercisable pursuant to minimum REV™ machine purchase order requirements. Additionally, Aurora has signed a non-exclusive sub-license to use REV™ technology in Canada.
The companies furthermore announced that Aurora has placed a purchase order for two of EnWave's 120kW REV dehydration systems for its Aurora Sky and Aurora Sun facilities in Canada, as well as the intention to purchase a third 120kW REV TM dehydration system for its Aurora Nordic facility in Denmark within sixty days. The REV TM dehydration systems will be used to increase throughput of material for extraction and use in derivative cannabis products. Aurora has also acquired a 10kW pilot-scale REV™ machine for product development, protocol development and R&D.
This year marked the first legal year for Canada's 4/20 as well as many US states and many companies marked record sales. 4/20 brought in over $80M in sales this year -the largest grossing sales day of the year so far. For Thursday to Saturday (4/18-4/20), three-day sales were at $182M whereas in 2018 it was $132M, marking a 38% growth.
On 4/20, flower accounted for 45.3% of sales, but was only a 2% increase in sales share compared to 2019 averages, with Cartridges/pens accounting for 39%, Concentrates at 12%, and Edibles at 10%. The average order total nationally in the US was $108.06.
I was able to attend the 4/20 event in Vancouver, BC where over 60,000 people attended this cannabis activist event demanding less government regulations and more cannabis freedom, as well as consideration for psilocybin (magic mushrooms) which may be on the docket in some US states next election.
Vancouver's first April 20 protest was held in 1995 at Victory Square Park at Hastings and Cambie. The event was organized by Danna Rozek and Cindy Lassu, who worked at Marc Emery's revolutionary Hemp BC shop.
In 1997 the 4/20 protest was moved to the Art Gallery grounds downtown, and over 1000 people attended. The event grew every year, led for many years by local activist David Malmo-Levine who hosted cannabis raffles and a big joint giveaway at 4:20.
Malmo-Levine encouraged people to sell and share cannabis at 4/20, creating a safe space for dealers and buyers. People started bringing bags of joints and infused cookies to sell.
By 2007 there was over 7000 people at 4/20, packing the front of the Art Gallery. The event had grown to include day-long live music, public speakers and many booths openly selling cannabis products. Other 4/20 events had become established in cities across Canada.
The event continued to grow exponentially in size and scope. By 2014 the crowds were surpassing 30,000 people, filling the whole Art Gallery and surrounding area, forcing the shutdown of Hornby, Howe, Robson and Georgia streets.
After consultation with city officials, the 4/20 organizing committee decided to move the protest to Sunset Beach in 2016. This larger venue allows for increased public safety, less disruption and a better event for everyone.
From humble beginnings, 4/20 has grown into one of Vancouver's biggest and most popular public events.
Now for the interview with Dooma Wenshuh, CEO of Province Brands.
Investor ideas reminds all listeners to read our disclaimers and disclosures on the Investorideas.com website and this podcast is not an endorsement to buy products or services or securities. Investors are reminded all investment involves risk and possible loss of investment
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