Investor Ideas Potcasts, Cannabis News and Stocks on the Move June 24th (TSX: FIRE) (OTCQX: SPRWF) (TSXV: N) (OTCQX: TRLFF) (TSX: WEED) (NYSE: CGC) (CSE: OILS)
Delta, Kelowna, BC - June 24, 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 June 24th (TSX: FIRE) (OTCQX: SPRWF) (TSXV: N) (OTCQX: TRLFF) (TSX: WEED) (NYSE: CGC) (CSE: OILS)
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.
The Supreme Cannabis Company, Inc. (TSX: FIRE) (OTCQX: SPRWF) today announced the launch of Supreme Heights, an investment platform based in London, UK focused on opportunities in the UK and Europe's CBD health and wellness space. Supreme Heights intends to make strategic investments in and provide support services to differentiated high-growth health and wellness businesses with focused brands and premium CBD offerings.
Supreme Cannabis has launched Supreme Heights as a separate entity that will solely address opportunities in the UK and Europe's CBD health and wellness market. Supreme Heights will benefit from Supreme Cannabis' regulatory, product commercialization, supply chain, marketing and capital markets expertise and corporate support services. Supreme Cannabis' management team has immense experience supporting health and wellness companies operating in Canada and international markets. Supreme Heights will draw on the Company's experience launching premium brands.
"The rapidly evolving CBD markets in the UK and Europe present compelling investment opportunities given the promising environments for new health and wellness companies to establish differentiated brands and capture meaningful market share. Supreme Heights is positioned to quickly act on attractive opportunities and establish an early mover advantage in the space," said Navdeep Dhaliwal, CEO of Supreme Cannabis. "Supreme Heights will benefit from our experience launching some of the most premium cannabis brands in Canada and from the strong leadership and deep industry connections of our UK partners. We look forward to driving value for Supreme Cannabis shareholders through this investment platform."
Namaste Technologies Inc. (TSXV: N) (OTC: NXTTF) today announced that it has signed a supply and purchase agreement with True Leaf Brands Inc. (OTCQX: TRLFF) (CSE: MJ) to market and distribute a line of hemp-based supplements for pets through its online marketplace, CannMart.com.
"We're building a technologically exciting marketplace for the adult-use cannabis market where we can reimagine the experience and product offering available to both our customers and vendors," said Meni Morim, Interim CEO at Namaste Technologies. "Partnering with a leading brand like True Leaf is an excellent way to enhance our consumer product offering and scale our vendor experience. We're committed to building the most innovative and consumer-friendly marketplace, and this brings us one step closer to that goal."
"Namaste Technologies and its online direct-to-consumer platforms allow us to reach cannabis customers worldwide who are looking for safe, legal, and effective alternatives for their pets," says, Darcy Bomford, CEO of True Leaf. "Our line of hemp-seed based pet supplements is a great way to introduce Namaste's customers to the health benefits of hemp for pets. We also look forward to soon offering a line of CBD products for pets in Canada and abroad, pending regulatory approval."
As part of a True Leaf's commitment to Return the Love™, and CannMart's commitment to putting pet parents first, the companies have jointly agreed to donate 10 percent of all profits generated from the first month of sales to help local animal rescue shelters.
The expected launch of True Leaf Products through CannMart.com is the third quarter of 2019.
Canopy Growth Corporation (TSX: WEED) (NYSE: CGC) announced that it has received a new licence from Health Canada permitting it to grow cannabis at an outdoor site in northern Saskatchewan. Hours after receiving the licence, the first cannabis cuttings were planted at a 7 million sq. ft. (160 acres) secure cultivation field in the province. The new licence expands Canopy Growth's diversified Canadian footprint and complements its existing indoor and greenhouse facilities to provide a leading balance of facilities to produce low cost input materials for value-add products, while ensuring more sophisticated growing operations for in-demand flower products.
"Our team has outdoor, at-scale cannabis expertise gained from over a decade of hemp farming experience, including Canopy's 4,000-acre hemp operation executed last year, the extract of which is bolstering our CBD supply for the medical and recreational markets," said Mark Zekulin, President and co-CEO, Canopy Growth. "At this stage in the summer planting season we view this as a pilot and ramp up project for outdoor cannabis cultivation, though the team will do everything it can to deliver low cost yields this year."
The outdoor cannabis grow operation in Saskatchewan is in addition to Canopy Growth's major hemp production platform, which scaled up from the 4,000 acres mentioned above to over 5,000 acres in 2019. The successes of the Company's hemp operations will inform its outdoor cannabis strategy, as it seeks to optimize the methods used to cultivate current and future crops at the outdoor site. Once the entire outdoor cannabis cultivation, production and extraction system is fully licenced and incorporated into Canopy Growth's current operational platform, it will produce cannabinoids at scale to support value-add products like beverages, chocolates, and vape devices at higher margins than are achievable using inputs from indoor and greenhouse facilities, which are optimized to produce high quality flower products.
Nextleaf Solutions Ltd. (CSE: OILS) (OTC: OILFF) today announced that it has entered into an agreement to acquire a U.S. patent pending hydrocarbon extraction process and award-winning formulation for a cannabis concentrate, also known as "shatter", a popular concentrate product set to become legal across Canada on October 17, 2019.
This unique patent pending butane hash oil, or "BHO", extraction process and formulation produces a broad spectrum cannabis concentrate with a rich terpene profile, unlike any product currently available on the Canadian legal cannabis market. The chemical selectivity of the proprietary solvent mixture, coupled with the specific processing techniques and operating parameters, efficiently extracts terpenes and cannabinoids from cannabis flower to produce a full-flavour concentrate void of undesirable waxes and pigments.
On June 14, 2019 Health Canada released updated regulations for the production and sale of a variety of THC and CBD based concentrates and derivatives. These consumer products will start to be available for sale to medical patients and adult-use consumers across Canada by December 2019.
"Nextleaf is committed to acquiring and developing market-validated intellectual property ("IP") pertaining to formulations and methodology to produce unique cannabis oils and concentrates. By acquiring this patent pending BHO extraction process and award-winning shatter formulation, Nextleaf adds valuable IP to its portfolio of innovative processes and formulations for THC and CBD based products. This acquisition allows Nextleaf to diversify its intellectual property portfolio, as consumers in legal recreational and medical states consistently illustrate increased consumption of hydrocarbon concentrates." says CEO Paul Pedersen.
The acquisition of the BHO extraction process and shatter formulation follows Nextleaf recently being issued multiple patents for extraction technology the Company had previously acquired. The United States Patent and Trademark Office issued a patent to Nextleaf pertaining to the Company's proprietary process of extraction, refinement, and distillation of cannabinoids from cannabis biomass. Nextleaf's portfolio of three (3) issued and 24 pending patents - including the newly acquired patent pending BHO process - are part of its overall strategy to develop and protect IP pertaining to the production of innovative cannabinoid-based products geared towards both medical cannabis patients and adult-use consumers.
Theracann International Benchmark Corporation, a leading full service international cannabis consultancy and technology firm in conjunction with TruTrace Technologies (CSE: TTT) (OTC: BKKSF), creator of the first fully-integrated blockchain platform that registers and tracks intellectual property for the cannabis industry, announced today that they have signed a letter of intent dated June 19th, 2019 to explore opportunities to combine TruTrace's StrainSecure™ technology with Theracann's ETCH biotrace™ genetic tracking system for cannabis and hemp.
The agreement will create the opportunity to integrate TheraCann's ETCH biotrace platform uses both a physical molecular taggent and non-appendable Electronic Product Code Information Services (EPCIS) blockchain to provide forensic levels of traceability of cannabis and cannabis derivatives at any point in the supply chain with StrainSecure, TruTrace's blockchain-based software designed to guarantee product quality and genetics from genome-to-patient.
"Electronic Traceability for Cannabis and Hemp or ETCH uses a unique, safe and persistent molecular tag for the identification of any biomass, extraction, isolate, derivative or cannabis packaging. The molecular tag does not genetically modify the organism (non-GMO) and can be added or identified at any point within the supply chain," said Jason Warnock, Chief Executive Officer of Theracann. "Collaborating with TruTrace connects the dots between the provenance of material, genetics, testing information and patient data that is so vital to the safety and efficacy of the global market."
TruTrace Technologies has established working relationships with a number of complementary technology providers, and recently announced a pilot program for Canada's largest pharmacy chain, Shoppers Drug Mart, to create a central hub for identity management, asset tracking, validation, and product authentication.
"Creating an eco-system of technologies with the intent to provide patients, government, and the industry with supply chain integrity, true IP protection and analytical testing and validation is an important next step for the cannabis and hemp industry evolution," says Robert Galarza, CEO of TruTrace Technologies. "We are excited to connect Theracann's ETCH molecular track and trace system with StrainSecure and to explore additional opportunities for collaboration between our organizations."
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