Investor Ideas Potcasts, Cannabis News and Stocks on the Move May 20th (TSXV: OGI) (TSX: VFF) (NASDAQ: VFF) (CSE: NTAR) (OTC: PURA)
Delta, Kelowna, BC - May 20, 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 May 20th (TSXV: $OGI.V) (TSX: VFF) (NASDAQ: $VFF) (CSE: $NTAR.C) (OTC: $PURA)
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 early announcements.
Organigram Holdings Inc. (TSX-V: OGI) (OTCQX: OGRMF), the parent company of Organigram Inc., a leading licensed producer of cannabis, announced a $15 million investment commitment in a high-speed, high-capacity, fully-automated production line with ability to produce an estimated 4 million kilograms of exceptional chocolate cannabis edibles per year. Organigram expects to take delivery of the line in the fall.
In addition to its sheer capacity, adaptability to anticipated future growth of the domestic and international chocolate edibles markets, the line is expected to allow Organigram's product development team to introduce chocolate innovations unique not only to the cannabis industry, but to the chocolate industry as a whole.
"Over the last number of years, Organigram has become known for its best-in-class cannabis production facility and high-quality products," says Greg Engel, CEO, Organigram. "With this investment, we will soon also be known for our world-class chocolate production capability."
The full Organigram chocolate offering that is under development is expected to be supported by a carefully curated collection of partners and suppliers identified for their own global expertise and unwavering commitment to quality. The investment will contribute to a state-of-the-art chocolate moulding line and a fully integrated packaging line, that includes advanced engineering, robotics, high-speed labeling and automated shipping carton packing.
Village Farms International, Inc. (TSX:VFF) (NASDAQ:VFF) today announced that its 50%-owned joint venture for large-scale, low-cost, high-quality cannabis production, Pure Sunfarms, has received a Standard Processing License from Health Canada for its 1.1 million square foot Delta 3 greenhouse facility.
The Processing License permits Pure Sunfarms to extract and process cannabis at the Delta 3 facility, which will enable the development and manufacture of products derived from the cannabis plant, including cannabis oil, as well as concentrates and edibles. Pure Sunfarms will require an additional amendment to its sales license to sell cannabis oil, which it expects to be distributing to provincial/territorial distributors and private retailers by the fourth quarter of this year.
"Receipt of our Processing License is a critical step in the execution of our product development strategy, allowing us to expand beyond dried flower into the production of cannabis oil for the current legal recreational market, as well as to develop a wide range of products for the expected legalization in Canada of concentrates and edibles for recreational use in October 2019," said Mandesh Dosanjh, President and Chief Executive Officer, Pure Sunfarms. "Importantly, the Processing License permits Pure Sunfarms to store cannabis oil on site at Delta 3, which will allow us to purchase oil from external extractors for production of concentrates and edibles ahead of having our own extraction operations in place, which we continue to target for this year."
The Processing License is one of two regulatory steps required for Pure Sunfarms to begin selling directly to provincially/territorially authorized distributors and private retailers, with the other being an amendment to Pure Sunfarms' existing sales license to permit the sale of dried products to these retailers (sometimes referred to as a "packaging license"). Pure Sunfarms continues to expect to receive the requisite amendment to its sales license during the second quarter of 2019.
"With its Processing License in hand and the amendment to its sales license expected shortly, Pure Sunfarms should soon begin selling its own branded packaged product directly to the Ontario Cannabis Store under its existing supply agreement, as well as to finalize supply agreements with other provincial boards and private retailers," said Michael DeGiglio, CEO, Village Farms International. "While spot market pricing for sales to other licensed producers to date has been quite favourable, direct sales to the provincial boards and private retailers is expected to generate meaningfully higher margins, as Pure Sunfarms' is reaching its full run-rate annual production of 75,000 kilograms at its Delta 3 facility mid-2019. Moreover, with its existing supply relationship with another licensed producer transitioning to improved terms at the end of this year, Pure Sunfarms will have a significantly larger proportion of its production available for sale to the provincial boards and private retailers, with ongoing sales under that producer relationship expected to generate higher margins due to a the change from fixed to market pricing."
Puration, Inc. (OTC: PURA) and Kali-Extracts (OTC: KALY) today announced wrapping the Arnold Sports Festival in Johannesburg, South Africa featuring their EVERx CBD Sports Water. KALY is a PURA partner with a patented cannabis extraction process licensed to PURA and instrumental in the production of EVERx. PURA management has declared trade show a success with an initial order landing South Africa as the latest region where PURA now sells EVERx CBD Sports Water. PURA will publish a report on the trade show tomorrow to include details on the latest order coming out of the trade show.
EVERx was officially launched for the first time ever at the Arnold Classic in Columbus, Ohio in 2017, and now EVERx expands its presence at the Arnold Sports Festival events worldwide. EVERx is now an official sponsor of Jan Tana's Body Painting Revolution featured globally at Arnold Sports Festival venues.
Jan Tana's Bodypainting Revolution, A colorful and artistic event, returned to The Arnold in South Africa for the second straight year in 2019 after a spectacular recent production at the Arnold Classic Sports Festival in Columbus, Ohio.
The Arnold Sport Festival hosts multi-sport festivals on six-continents each year, including the Arnold Classic Africa, which takes place in Johannesburg, Gauteng, each May. The Arnold Sports Festival USA is held in Columbus, Ohio in March, followed by events in Melbourne, Australia, Brazil, Hong Kong and Spain. All events feature professional bodybuilding and related contests, amateur bodybuilding, strength and combat sports, a large health and fitness expo and youth events that vary from continent to continent.
NexTech AR Solutions (OTCQB: NEXCF)(CSE: NTAR) today announced the roll out of their ARitizeTM App with a Budweiser-branded augmented reality activation to commemorate the 25th anniversary of Toronto's Budweiser Stage. Budweiser selected NexTech's ARitize™ app to trigger an augmented reality experience which is activated when pointing the phone at a 25th anniversary Budweiser can. Starting today, May 20th, 2019, NexTech will be running a social media driven contest giving away season tickets to the Budweiser stage which will be featuring over 60 acts including, Lenny Kravitz, Bryan Adams, Lionel Ritchie, Mary J. Blidge, Adam Sandler, Jimmy Buffett, Wiz Khalifa, Blink 182, Iron Maiden, Beck, Game of Thrones Live, and many more.
The ARitizeTM App, available on both Apple and Android mobile devices, uses advanced 3D imaging technology to create engaging augmented reality experiences. Available to both brands and individuals, the app allows users to tell their stories through curating a branded channel of interactive activations that enhance existing content, materials and goods. With a low entry cost for mass deployment via mobile phones, ARitize™ App experiences are consistent across all existing content mediums.
"We're excited to be launching our ARitizeTM App with an activation for a well-respected brand like Budweiser and showcasing how augmented reality can enhance customer engagement," said Evan Gappelberg, CEO of NexTech. "Our app allows brands to curate an immersive, branded experience where they can sell, teach, communicate and share their product, service or experience through Augmented Reality (AR) that is accessible on a device all consumers use regularly - their mobile phone."
As part of the anniversary celebrations, fans will be prompted to download the ARitizeTM App when purchasing limited edition cans of Budweiser, available throughout Ontario, to gain access to an immersive brand experience and enter a contest to win Budweiser Stage season tickets. Upon launching the Budweiser activation within the app and aiming their device's camera at one of the special-edition cans, users will see different visuals, which they are encouraged to capture and share on social media as their entry into the contest. This Budweiser activation creates a significant footprint of usage of NexTech's AR solutions Aritize™ app within Canada.
Brands who implement augmented reality experiences are likely to see higher conversions. A recent study from Digital Bridge found that 74 percent of consumers expect retailers to offer an augmented reality experience, while Daymon reports that 72 percent of consumers said they have purchased something they were not planning to after experiencing it through AR.
NexTech has built its AR and AI eCommerce platform as an affordable, scalable, customizable, and most importantly, easy solution to integrate within an existing web interface, making NexTech one of the leaders in the rapidly growing AR industry, estimated to hit $120 billion by 2022 according to Statista.
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