Investor Ideas Potcasts, Cannabis News and Stocks on the Move May 16th (CSE: NTAR) (TSX: FIRE) (CSE: BLIS) (CSE:TRUL)
Delta, Kelowna, BC - May 16, 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 May 16th (CSE: $NTAR.C) (TSX: $FIRE.TO) (CSE: $BLIS.C) (CSE:$TRUL.C)
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.
In today's podcast I look at a few of the day's earlier announcements.
But first, today the Texas State Senate passed by a unanimous vote, House Bill 1325 ("HB 1325" or "the Bill") which is a bi-partisan bill that, if passed into law, will establish a Texas Hemp Program, providing a regulatory and licensing framework for the cultivation and processing of hemp, as well as for products made from hemp, including cannabidiol (CBD). On April 24, 2019, HB 1325 was unanimously passed by the Texas State House of Representatives.
As per normal legislative procedure, HB 1325 will now return to the House of Representatives for consideration of the Senate's amendments to the Bill. Should the House of Representatives not concur with the Senate's amendments, the Bill will proceed to Conference Committee for resolution, and then proceed to a final vote by both the House of Representatives and the Senate. Should the House of Representatives concur with the Senate's amendments to the Bill, HB 1325 will become law as a result of the super majority vote in both the House of Representative and the Senate, subject to the June 16 deadline for the Governor to veto bills - a highly unlikely proposition for a bill that passed both houses unanimously.
NexTech AR Solutions(OTCQB:NEXCF)(CSE:NTAR) announced that it has entered into an agreement with The Wright Brothers USA to ARitize™ several items from its product line and explore sentiment measurement technology for "Try It On" features. The Wright Brothers USA is the exclusive global licensor for The Wright Brothers trademark, which is owned by The Wright Brothers Family Foundation. NexTech will create 3D product models of The Wright Brothers® merchandise and apparel through its web AR eCommerce platform.
NexTech is converting several of The Wright Brothers products-a bicycle and a pair of sunglasses-plus a pair of aviation goggles into high-fidelity 3D models to be used on TWBUSA online stores. Customers will be able to view products in full 3D, with 360-degree rotation, as well as "try on" glasses and goggles through AR technology before purchase. Additionally, TWBUSA will explore the use of NexTech's sentiment analysis technology. When customers "try on" aviation goggles using augmented reality, their reactions will be analyzed in real-time, delivering valuable insights into shopper preferences which can be used to drive purchases and other marketing initiatives.
The AR versions of both the bicycle and goggles will also trigger a unique "moment-stealing" experience, built by the NexTech team. These interactive experiences will bring realistic lessons on engineering, aviation and technology directly into homes and classrooms. These experiences are ideal for students exploring STEM curriculum.
"Our partnership with The Wright Brothers USA is unique as we're bringing together two different use-cases for augmented reality: retail and education," said Evan Gappelberg, CEO of NexTech AR Solutions. "The Wright Brothers store can provide shoppers with a truly customized online retail experience using sentiment analysis and 'Try it On' features while also keeping the rich history and legacy of the brothers alive using 3D, volumetric learning experiences that come to life when customers interact with memorabilia."
The Supreme Cannabis Company, Inc. (TSX: FIRE) (OTCQX: SPRWF) and Blissco Cannabis Corp. (CSE: BLIS) (OTCQB: HSTRF) announced that they have entered into a definitive arrangement agreement under which Supreme Cannabis will acquire, by way of a court-approved plan of arrangement under the Business Corporations Act, all of the issued and outstanding common shares of Blissco not already owned by Supreme Cannabis. The Arrangement is an all-stock transaction with a total value of approximately C$48 million.
"Supreme Cannabis is the best positioned company in the cannabis space to help Blissco achieve its ambition of delivering innovative, quality assured full-spectrum cannabis products to the world," said Damian Kettlewell, CEO of Blissco. "By merging with Supreme Cannabis, Blissco shareholders will benefit from the combined expertise of both companies in growing premium cannabis brands, producing and procuring high-quality inputs, commercializing new products, and ensuring regulatory compliance. Blissco shareholders will also benefit from Supreme Cannabis' enhanced trading liquidity on the TSX and greater access to capital that will allow us to focus and accelerate Blissco's premium wellness business."
"Blissco has built a distinct and authentic premium wellness brand. Through our strategic partnership and prior investment in the company, we developed a deep understanding of the business and a high level of confidence in the senior management team. This transaction will allow Blissco to focus its business around the production and commercialization of cannabis oils and topicals for the premium wellness consumer," said Navdeep Dhaliwal, CEO of Supreme Cannabis. "Blissco shares our vision, mission, and values. Through this transaction, we will combine best-in-class processes, commercialization, marketing and brand building expertise, and skilled management, ensuring we continue to achieve our vision to improve global well-being with cannabis."
Trulieve Cannabis Corp. (CSE: TRUL) today announced that the Company has entered into an agreement dated May 16, 2019, to acquire 100 percent of The Healing Corner, Inc., a medical marijuana dispensary located in Bristol, Connecticut.
"Expanding and diversifying beyond our Florida base is key to our strategic vision. This further growth in the New England region is an important step as we move forward with establishing Trulieve as a national presence in the cannabis sector," said Kim Rivers, CEO of Trulieve. "We look forward to providing patients across the Connecticut medical marijuana market with the exceptional customer service and best-in-class products that Trulieve is known for."
The Healing Corner was founded in 2014 and provides a range of medical marijuana products from their dispensary in Bristol, Connecticut. Patients may also reserve their medical marijuana order through The Healing Corner's Canna-Fill online system.
"The Healing Corner and Trulieve share the same passion and commitment to patients' care and providing them with a truly professional full-service customer experience," said Geri Ann Bradley, Owner and Pharmacist at The Healing Corner. "This alignment of values and strength of offering will certainly benefit medical cannabis patients in Connecticut."
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