Investor Ideas Potcasts, Cannabis News and Stocks on the Move June 17th (NASDAQ: NEPT) (CSE: CHOO) (NYSE: CGC) (CSE: TTT) (TSXV: NRTH)
Delta, Kelowna, BC - June 17, 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 17th (NASDAQ: $NEPT) (CSE: $CHOO.C) (NYSE: $CGC) (CSE: $TTT.C) (TSXV: $NRTH.V)
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.
Neptune Wellness Solutions Inc. (NASDAQ:NEPT) (TSX:NEPT) announced that its wholly owned subsidiary, 9354-7537 Québec Inc. has received a notification letter from Health Canada indicating that all requested license amendments have been approved.
The scope of the amendment received from Health Canada permits expansion of cannabis operation areas to include an additional extraction room where Neptune will perform cold ethanol extraction. Ethanol extraction is faster and more cost effective than the CO2 extraction currently used and will increase Neptune's input capacity from 30,000 kg to 200,000 kg.
This seven-fold increase in the Company's capacity will accelerate production and enable fulfilment of commercial commitments. Start-up activities will begin immediately, including the final stages of commissioning the equipment, and Neptune will ramp up commercial operations on a progressive basis during the second fiscal quarter.
The amendment from Health Canada also includes expansion for an encapsulation room where Neptune will produce cannabis oil capsules using the Licaps® technology licensed from Lonza Group AG. The encapsulation equipment is commissioned and ready for commercial operations with a capacity of up to 200 million capsules annually. The Licaps® technology supports differentiated product offerings through its various delivery systems, colours and branding possibilities. Furthermore, this is an effective technology for variable and multiple product formulation runs.
"Congratulations are in order as this announcement marks another milestone achieved by our team by successfully meeting the stringent Health Canada requirements," said Jim Hamilton, CEO of Neptune. "The new regulations regarding cannabis edibles, extracts and topicals recently published by Health Canada are expected to result in significant additional demand for cannabis extraction and purification services. With our increased extraction capacity, Neptune is now well positioned to benefit from this rapidly growing market. In addition, our cannabis oil capsule technology provides the company a differentiated offering for which there is strong demand."
"We are really happy with the turnout we had for Choom Niagara's opening day." states Chris Bogart, President and CEO of Choom "We've had a lot of support from the local community, and we're excited to bring Choom to Niagara Falls. The feedback from our customers has been fantastic, and that is a testament to our dedicated staff and in-store experience. Doing over $49,000 in sales on the first day of operation is a great milestone for us and our team who have worked so hard to get where we are today."
Canopy Growth Corporation (TSX:WEED)(NYSE:CGC) highlighted recent developments that are fueling its international progress in emerging medical cannabis and CBD markets. The Company's global three-prong strategy includes a focus on building best-in-class global GMP (Good Manufacturing Practices) infrastructure, advancing clinical research programs and best-in-class education and sales programs through its Spectrum Therapeutics medical division, and launching CBD products where regulatory environments allow. Recent highlights include:
Furthering access to these new markets, Canopy Growth has entered into a multi-year agreement with Procaps S.A.S ("Procaps"), a global company based in Colombia. Procaps develops, manufactures, and markets over-the-counter medications and nutritional supplements for a number of international pharmaceutical companies. Procaps exports to more than 50 international markets, including highly regulated jurisdictions such as the United States, where they are GMP certified by the US Food and Drug Administration ("US-FDA"). Through the agreement, Canopy Growth will leverage Procaps' industry-leading formulation and encapsulation capacity, which is especially critical in serving Latin American markets where there is a strong regulatory preference for oil-based products, including softgels. The agreement covers a number of different product formats.
In Colombia, Canopy Growth is licensed to produce over 13.6 million sq. ft. of THC or CBD dominant cannabis, making its Neiva license one of the largest in the world and positioning the Company to meet the emerging regional demand for medical cannabis and CBD products. While only a portion of the cultivation area is in use, the Company will scale operations as market demand dictates. The Company has also completed compassionate sales of Canadian-produced Spectrum Therapeutics products to both Chilean and Brazilian patients, validating the potential of serving patients through an import model while its Latin America operations scale and regional regulations advance to support greater market access.
In Australia, Spectrum Therapeutics received its first shipment of medical cannabis oil in April 2019 and shortly thereafter began sales to medical cannabis patients in May 2019. The medical market is expanding in Australia as regulations mature and patients have greater access to medical cannabis. Country-wide patient registrations have increased tenfold over the last year to more than 1,300 today. Spectrum Therapeutics intends to support Australian patients through imports until its domestic facilities are fully operational. Construction of its Victoria-based greenhouse and post-production facility is currently underway.
In Denmark, Spectrum Therapeutics received the necessary licensing from the Danish Medicines Agency for its Odense facility, allowing the Company to grow, harvest, export and sell medical cannabis in dried flower form. To its knowledge, Spectrum Therapeutics is the first Canadian company to receive a federal production licence in Denmark. The facility, certified in both Good Agricultural and Collection Practices (GACP) as well as GMP designations, is the backbone of the Company's regional supply chain and will support the growing demand for Spectrum Therapeutics products across Europe. Additionally, following its acquisition of a licence to grow and produce cannabis in Spain, the Company is actively developing plans for its second site in Europe.
The Company also continues to integrate the recent strategic acquisitions of German-based Storz & Bickel, a global leader in medical device and vaporizer technology, German-based C3 Cannabinoid Compound Company, a leading European producer of Dronabinol, and UK-based ThisWorks. Integration of these global leaders into the Canopy product offering and global sales structure will increase revenues, accelerate intellectual property development, and further advance and expand clinical research.
In Lesotho, Spectrum Therapeutics has been granted a medical production licence covering two facilities in the country, including 21 million sq. ft. of outdoor grow space and 322,000 sq. ft. of indoor, outdoor and greenhouse space combined, respectively, where CBD dominant and CBD-THC balanced varieties can be cultivated. With these licensed areas, Spectrum Therapeutics to its knowledge now owns one of the largest legal outdoor CBD cultivation sites on the continent of Africa, some of which is currently operational.
Spectrum Therapeutics has also acquired 12 hectares of land located in the Atlantis Economic Zone in the city of Cape Town in order to establish licensed production operations in South Africa. The Company has submitted the necessary applications for a cultivation and post-harvest processing facility licence, which will complement its current production capabilities in Lesotho.
For years, Canopy Growth has taken the long-view, leveraging its substantial cash position to lay the foundation for a global, revenue-generating network. These latest milestones, from world-wide land acquisitions and partnerships, facility developments, licence accreditations, crop cultivation - and sales - validate the Company's efforts and strategic investments, strengthening its position as the global leader, poised to capitalize on emerging markets.
Today at the second annual World Cannabis Congress, Shoppers Drug Mart announced a new initiative with software company, TruTrace Technologies (CSE: TTT)(OTC: BKKSF) to develop and deploy a blockchain-secured pilot program intended to increase transparency, interoperability and product identification within the medical cannabis industry.
The Pilot Program will use TruTrace's StrainSecure™ technology as a central hub for identity management, asset tracking, validation, and product authentication. StrainSecure will also serve as a master registry for standardized testing, product verification, and quality assurance.
"We've gone to great lengths over the past six years to fully understand the challenges and opportunities that exist within the medical cannabis industry and taken steps to apply similar principles from traditional medicine to this new industry. The source of medical cannabis must be traceable and accountable for patients and practitioners to feel confident about it as a treatment," said Ken Weisbrod, Vice President, Shoppers Drug Mart. "When a patient takes medication, there is an expectation that it is standardized, and they can expect consistent clinical outcomes and results. Although that's not always a guarantee within the medical cannabis industry at the moment, we're hoping this new program can help change that."
"This is a significant milestone that brings our technology together with one of the most trusted brands in Canada," said TruTrace Technologies CEO Robert Galarza. "We believe it is a testament to our technology's ability to bring transparency and integrity to the cannabis industry and our shared mission. This initiative should help researchers and clinicians to match therapeutic outcomes to specific genetic and chemical profiles, and provide physicians, pharmacists, and patients with greater confidence in the products they prescribe or consume."
Phase 1 of the pilot program is expected to be completed by July 31, with full production and implementation targeted for late November 2019.
48North's Good Farm, which is located in Brant County and received one of the first outdoor cannabis licences in Canada, is poised to produce 40,000 kilograms of dried cannabis this year from 100 acres (3.7 million square feet of cultivation space) of organic farm space, making it one of the largest licensed cannabis operations in the world.
Good Farm has a number of strategic advantages, including: ultra-low-cost cannabis, environment-friendly and energy-efficient production, in addition the farm provides a source of relief to the national shortage of recreational cannabis.
The first episode can be found here.
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