Investor Ideas Potcasts, Cannabis News and Stocks on the Move May 22nd (TSXV: $BEER.V) (CSE: $AGRA.C) (CSE: $DIX.U.C) (NYSE: $CGC) (CSE: $VIDA.C)
Delta, Kelowna, BC - May 22, 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 22nd (TSXV: $BEER.V) (CSE: $AGRA.C) (CSE: $DIX.U.C) (NYSE: $CGC) (CSE: $VIDA.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 early announcements.
Hill Street Beverage Company Inc. (TSXV:BEER), today announced a strategic media partnership with Fish On Productions Inc ("FishTV") that will see Hill Street become a title sponsor of the FishTV program. Financial terms of the agreement were not disclosed.
The partnership will promote Hill Street's award-winning alcohol-free adult beverages and brand messaging using all of FishTV's media assets. FishTV airs on 10 networks across Canada and three networks in the USA, reaching an audience of 6.53 million outdoor enthusiasts each year.
"FishTV is a terrific media property with a very passionate fan base, and we're excited to tell their significant audience about our products, all of which they can safely enjoy while doing something they love to do," said Terry Donnelly, Chairman and Chief Executive Officer of Hill Street. "We're thrilled to be working with FishTV."
Founder and host of FishTV Leo Stakos said, "We're really happy to bring Hill Street onboard as a title sponsor. I'm personally excited to help showcase their great-tasting alcohol-free beverages to our audience of outdoor enthusiasts as a responsible way to enjoy a drink while out on the water."
AgraFlora Organics International Inc. (CSE: AGRA) (OTC: PUFXF), a growth oriented and diversified international cannabis company, announced that it has entered into a five year commercial rights and off-take agreement with ICC International Cannabis Corp. (CSE: WRLD.U) (OTC: WLDCF). Under the terms of the agreement, AgraFlora will sell up to 100,000 kg of premium dried cannabis flower produced from its Delta Greenhouse Complex to ICC over the next five years, subject to approval of the Company's cultivation and sales licenses by Health Canada. This is the second major supply agreement contracted with AgraFlora, the first being with Namaste Technologies Inc. announced on December 13, 2018 for up to 25,000 kg of premium dried cannabis flower annually.
"Our major supply agreement with ICC is another endorsement of our Company's path to cannabis production and is indicative of the shear size and scale of our, soon to be, licenced growing operations in Delta, BC," said Brandon Boddy, Chairman and Chief Executive Officer, AgraFlora Organics International Ltd. "We are confident that the ongoing Delta Greenhouse Complex retrofit and subsequent license awards from Health Canada will enable us to convincingly supply ICC and Namaste Technologies with ultra premium cannabis, all while accelerating our mutually beneficial global stratagems. I am confident in communicating to the marketplace that we will continue to secure commercial agreements that will add operational certainty and crystalize material long-term cash flows."
Boasting 2.1 million square feet of growing space under glass, AgraFlora and its Joint Venture partner have been collaborating with Health Canada since June 2018 to prepare the large-scale, ready-made Delta Greenhouse Complex for licensing. As a result of this commercial rights and off-take agreement, AgraFlora has committed to allocating 10 percent of the Delta Greenhouse Complex's cumulative flower footprint to ICC.
Dixie Brands Inc. (CSE: DIXI.U) (OTC: DXBRF), one of the cannabis industry's leading consumer packaged goods (CPG) companies, unveiled a new product from its wholly owned subsidiary, Aceso™ Hemp. A growing line of indication-specific, hemp-derived supplements that promote optimal health, Aceso is proud to introduce Fizz Tabs, the first-ever line of dissolvable hemp-infused tablets to enter the CBD category. The line expansion creates an on-the-go option for consumers and promotes a powerful addition to wellness regimens.
Aceso Fizz Tabs, the first-ever line of dissolvable, CBD-infused drink tablets, are offered in three specific formulations: Calm, Soothe and Wellness. (CNW Group/Dixie Brands, Inc.)
"Aceso has been a pioneer in the hemp industry for years, allowing us to perfect sophisticated formulas based on herbalism that set the precedent for broad spectrum hemp," said Kurt Forstmann, Vice President of Corporate Business Development for Aceso. "Projections indicate that the CBD category is expected to be a 45 billion dollar ($45 billion) industry by 2024, and we're confident that our new Fizz Tabs are part of the next-generation of CBD products that are going to continue to set the pace for the category."
An evolution of Aceso's popular indication specific formulas, Calm, Soothe and Wellness, Fizz Tabs dissolve quickly in a glass of water, adding effervescence and flavor, and can be taken on an as needed basis with the benefits lasting for 4-6 hours. Designed in compact form for easy accessibility and convenience, the tablets are available in multiple flavors that each feature 10 mg of broad spectrum hemp per serving. The Fizz Tab line features:
With a majority of brands in the CBD space providing rudimentary offerings, Aceso takes pride in the craft of creating effective products that use innovative formulas and natural ingredients. As one of the first entrants into the category, Aceso brings a deep understanding of the industry's complex regulatory structure and expertise in the production of safe, effective and compliant products that can be sold across the United States.
"As part of the cannabis industry's leading consumer packaged goods company, Aceso creates products that cater to consumers who are increasingly looking for natural alternatives in their wellness regimens with our three specific formulations: Calm, Soothe and Wellness, " said Hilal Tabsh, Vice President of Marketing and Distribution at Aceso. "Together, Aceso and Dixie have spent nearly a decade combined, investing in scientific research and technology that has unlocked the powers of hemp to deliver over-gratifying results for our consumers, and we're pleased to offer Fizz Tabs as a new and innovative extension of our ever-growing portfolio."
Canopy Growth Corporation (TSX: WEED) (NYSE: CGC) has finalized an all-cash transaction to acquire This Works for a purchase price of £43 million (CDN $73.8 million). Founded in 2004, This Works has cemented itself as a global leader in natural skincare and sleep solutions with a devout customer base spanning 35 countries.
Headquartered in London, England, This Works offers a range of high-quality natural skincare and sleep solution products that have rewarded the company with a loyal following of customers purchasing their best-known products including deep sleep pillow spray, morning expert hyaluronic serum, and skin deep dry leg oil.
Through their unique approach of formulating solutions that work in harmony with the 24hr body clock, This Works has evolved its product lines beyond a traditional viewpoint to a more complete regimen that maximizes skin = and overall wellness = at every phase of the day, starting with a good night's sleep. This acquisition is a key aspect of a multi-faceted hemp and CBD strategy as Canopy Growth continues to build upon its vertically-integrated production and marketing platform, that currently includes thousands of acres of hemp production across several continents, hundreds of millions of dollars of capital investment into hemp-derived CBD production and processing, rapid expansion across the European Union and other key regions, and the introduction of new CBD-infused products and brands to the global beauty, wellness, and sleep solution space.
This Works CEO, Dr. Anna Persaud, will remain at the helm of business operations post-acquisition to continue moving the company forward. Since joining the company in 2009, Dr. Persaud has worked arduously to develop targeted skin solutions, which combine the brand's knowledge of the body clock with modern lifestyle learnings, all backed by science. This approach to product development is best evidenced by This Works' award-winning natural sleep solutions, with 4.2 million pillow sprays sold across Europe, the United Kingdom, China and the United States since the brand's first deep sleep pillow spray launched in 2011. Together, Canopy Growth and This Works will continue to support all of This Works' current operations with an accelerated focus on global expansion and product development to include a new line of skincare and sleep solution products infused with CBD.
"The interest in the private beta release has been phenomenal so far and we look forward to working closely with our customers and creating the most trusted cannabis online marketplace in this industry," says David Moon, CEO of Wikala. "We've been working at maximum pace to get to this stage, and it's encouraging to think that this is only the beginning of where Wikala and Phivida can go."
Wikala is a stand-alone eCommerce platform that is set to become the first website in the global cannabis and hemp-CBD space to offer independent sellers' personal storefronts where they can list their goods within an existing marketplace. The private beta signup is still open and the platform will be available for use for a select number of beta users, based on their geography, for the next 55 days. During that time, the Wikala team will monitor user feedback and prepare the software for the next release.
The core features included in the private beta release are a fraction of the company's ultimate vision, however, they are a necessary first step and include all of the basic features of an eCommerce website, including a product comparison tool that is yet to be seen in the cannabis market.
"The potential of Wikala is in its modularity and the fact that we can develop new creative features quickly and without having to rely on third party software," continued Mr. Moon. "This allows us to use the Open Beta release to set the stage for the next milestone, which is to open the sellers' portal and allow individual businesses to open their stores on Wikala."
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