Investor Ideas Potcasts, Cannabis News and Stocks on the Move June 13th (TSXV: PURE) (CSE: HITI) (CSE: OH) (CSE: DOSE) (CSE: CSI)
Delta, Kelowna, BC - June 13, 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 June 13th (TSXV: $PURE.V) (CSE: $HIT.C) (CSE: $OH.C) (CSE: $DOSE.C) (CSE: $CSI.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.
Today we are looking at a few early announcements.
Pure Global Cannabis Inc. (TSX.V: PURE) (OTC: PRCNF), an integrated growth-oriented sciences and consumer products cannabis company, operating through its wholly-owned subsidiary PureSinse Inc. announced they closed on the acquisition of The Great Canadian Hemp Company, Ltd. along with the completion of a supportive and strategic distribution agreement with Eurocan Trading - PFoods SA Joint Venture Group. Eurocan is a brokerage and sales agency that has established relationships with major retailers in the United States, Europe, and Asia.
The acquisition of GCHC will allow Pure Global to benefit from a holistic brand with a dedicated and loyal audience. It also allows Pure Global to leverage their internal capabilities to manufacture and sell organic, vegan, hemp-based, all-natural skin and hair products. With the help of Eurocan, Pure Global will now enter into the global high-growth health and wellness Consumer Packaged Goods ("CPG") market with sights set on servicing the massive demand for hemp oil and CBD products.
"GCHC's extensive line of unregulated CPG health and wellness products is the perfect compliment to our cannabis strategy," said Pure Global's President & CEO, Malay Panchal. "While medicinal cannabis remains a priority for us, the acquisition of a true wellness brand will gain us access to a global marketplace. We are very pleased to welcome the founders of GCHC, Edan Wolk and Melissa L'Heureux-Hache to the Pure Global family. Both bring a strong passion for promoting wellness and sustainability through their plant-based botanical line of products."
To support this cornerstone acquisition, Pure Global is excited to announce an exclusive distribution agreement with Eurocan that covers several international markets. This distribution deal will give GCHC category exclusivity with Eurocan for its hemp oil and CBD infused health, beauty, food and beverage product lines, giving Pure Global a major advantage in the ever-expanding hemp and CBD markets in the United States, Europe, and Asia. The initial target markets will be Germany, Romania, United Kingdom, Japan, and South Korea, where there is a very high demand for Canadian CBD and hemp oil infused products. Eurocan currently represents over 70 brands, distributing products to the Canadian, European, American, and Asian markets with access to chains such as; Tesco, Carrefour, Whole Foods, Rewe, Auchan, Aldo, Metro, Costco Wholesale, PetSmart, Marks & Spenser, 7-Eleven, Walmart, among many others.
"It is certainly an exciting time for Pure Global as we now see our CBD and hemp oil strategy moving forward in a big way with extensive international distribution", commented Pure Global's President & CEO, Malay Panchal. "With the recent Farm Bill and changing regulatory landscape for CBD products globally, high quality hemp oil and CBD infused products represent a huge global opportunity for Canadian exports, in which we will continue to develop our business," further added Mr. Panchal.
High Tide Inc. (CSE:HITI) (OTCQB:HITIF), an Alberta-based, retail-focused cannabis corporation enhanced by the manufacturing and wholesale distribution of smoking accessories and cannabis lifestyle products, today announced that on Monday, June 10, 2019 the Alcohol and Gaming Commission of Ontario ("AGCO") issued to High Tide's counterparty Dana Michele Kendal (the "Winner") a Retail Store Authorization for the Canna Cabana Toronto store (the "Toronto Store"). As a result, the Toronto Store located at 435(B) Yonge Street, near the intersection of College Street, is scheduled to open on Saturday, June 15, 2019.
The Toronto Store is expected to be highest profile Canna Cabana-branded location in Canada. "Being selected to assist the Winner and working together to establish the Toronto Store has been an incredible journey and we are all very excited for opening day at Yonge and College," said Raj Grover, President and Chief Executive Officer of High Tide. "We are thrilled to join the downtown Toronto community and look forward to bringing the approachable, sophisticated and playful Canna Cabana experience to our new customers and stakeholders alike," added Mr. Grover. The AGCO must still conduct a pre-opening inspection to ensure that the Winner is ready to open for business and sell cannabis products in accordance with the Cannabis Licence Act, 2018, its regulations and the Registrar's Standards for Cannabis Retail Stores.
The Toronto Store brings the total number to 17 Canna Cabana-branded stores across Canada, with 13 corporately owned locations, three partnered stores and one franchise across Alberta, Ontario and Saskatchewan. The Company is advancing its next 23 Canna Cabana locations that are under various stages of development and construction across Alberta, British Columbia and Manitoba, as well as four KushBar locations under development and construction in Alberta. High Tide also continues to benefit from 14 Smoker's Corner stores in Alberta, British Columbia and Nova Scotia. Lastly, High Tide is progressing through the necessary steps to complete a pending retail cannabis store acquisition in Saskatchewan.
CannaRoyalty Corp. d/b/a Origin House (CSE: OH) (OTCQX: ORHOF), a North American cannabis products and brands company, announced that the Company has obtained a final order from the Ontario Superior Court of Justice (Commercial List) approving the plan of arrangement with Cresco Labs Inc. previously announced on April 1, 2019, pursuant to which, among other things, Cresco Labs intends to acquire all of the issued and outstanding common shares and class A compressed shares of Origin House. Receipt of the final order will allow Origin House to complete the Arrangement upon satisfaction of the remaining closing conditions, including the receipt of required regulatory approvals.
"Receipt of the final court order is a significant step towards completing the arrangement with Cresco Labs. Both Origin House and Cresco Labs are committed to closing the transaction as soon as is practicable following the expiration of the applicable antitrust waiting period, and look forward to a successful outcome for shareholders of both companies", said Marc Lustig, Chairman and CEO of Origin House.
Rapid Dose Therapeutics Corp. (CSE: DOSE), a Canadian life sciences company focused on innovative drug and active ingredient delivery solutions, announced that Chemesis International Inc. (CSE:CSI), a Licensee, has begun commercialization of QuickStrip™Oral Thin Strips. Chemesis will deliver CBD infused strips across the United States as well as THC and CBD infused strips in Puerto Rico.
Chemesis' subsidiary, Natural Ventures, operates a facility with the infrastructure required to manufacture, package and distribute QuickStrip™ Oral Thin Strips. Chemesis will distribute QuickStrip™ through Natural Ventures distribution network and existing relationships in Puerto Rico.
As the Company continues to expand its manufacturing, Chemesis will look to add additional infrastructure for its QuickStrip™ Oral Thin Strips in California. In anticipation of federally changing CBD regulations, Chemesis has begun signing distribution agreements in the mainland United States for CBD infused QuickStrip™ products to ensure the Company maintains a first mover advantage by forming distribution channels and partnerships that will gain market share. The RDT proprietary drug delivery technology is infused with CBD, THC and other cannabinoids.
The Rapid Dose Therapeutics proprietary QuickStrip™ delivery system is a true sublingual delivery device for THC, CBD and other cannabinoids. Furthermore, QuickStrip™ is conducting controlled trials to further demonstrate QuickStrip™ effectiveness and consistent onset. Chemesis believes this technology is at the forefront of sublingual delivery systems and will expand its efforts to bring it to market.
"Through our Managed Strip Services Agreement (MSSA), Rapid Dose is focused and committed to providing consumers in the United States and Puerto Rico cannabis markets a Smoke‐Free Choice™," said Mark Upsdell, CEO of Rapid Dose. "RDT's agreement with Chemesis will enable them to manufacture and sell under both their own private brand and as part of our white label program. Our brand partnership with Chemesis further strengthens and positions QuickStrip™ for rapid growth as an international brand and delivery device to cannabis consumers while delivering health and improving outcomes. With the QuickStrip™ discreet and measured dosing, Chemesis is well positioned to bring a unique and exciting product offering to Puerto Rico and U.S. markets and we are thrilled to be an integral part of their growth."
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