Investor Ideas Potcasts, Cannabis News and Stocks on the Move June 26th (TSX: WEED) (NYSE: CGC) (CSE: ISH) (CSE: SLNG) (CSE: OVAT) (TSX: FIRE)
Delta, Kelowna, BC - June 26, 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 26th (TSX: $WEED.TO) (NYSE: $CGC) (CSE: $ISH.C) (CSE: $SLNG.C) (CSE: $OVAT.C) (TSX: $FIRE.TO)
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.
But first, CannaHorse today announced it will launch the world's first ever legal cannabis brand dedicated to horse health, providing a plant-based solution to traditional pharmaceuticals.
Created for horse people, by horse people, CannaHorse will launch four product lines, created from specific formulations of cannabis using key cannabinoids and terpenes to treat ailments common in equine medicine. Product lines will be targeted to address concerns like pain and inflammation, anxiety/calming, exercise and surgical recovery, and overall wellness. Discussions are already well underway with equine competition regulators to provide the data necessary for cannabis to be viewed as equine medicine.
The brand has access to a large number of horses and two testing facilities exclusively for performance tests and clinical trials. The horses are of varying ages and breeds and are used for both competition and breeding. Both facilities provide on-call veterinary care and full-time staff.
Dr. Michael Lindinger, a former University of Guelph professor with more than 25 years of experience and one of Canada's leading nutraceutical experts, will oversee the trials. Dr. Lindinger has offices in Ontario and Europe. He has led 130 peer-reviewed clinical trials, holds BSc and MSc degrees in comparative animal physiology and a PhD in medical sciences.
"With more than 15 million horses in North America and Europe, the equine healthcare market is a growing billion dollar industry. We recognize the opportunity to bring the transformative power of cannabis and cannabinoids we see working in humans and other animals to life for horses," says Warren Byrne, President of CannaHorse. "Our team has deep knowledge of the equestrian world. We understand how horses are meant to perform and how to care for them. We are thrilled with Health Canada's recent announcement about conducting consultations to allow cannabis health products to be sold outside the current cannabis framework and look forward to participating."
Canopy Growth Corporation (TSX:WEED) (NYSE:CGC) announced that it has completed a transaction to acquire Saskatoon-based bio-product extractor KeyLeaf Life Sciences, related entities, and intellectual property. Canopy Growth has been working closely with KeyLeaf - formerly known as POS Bio-Sciences - as a trusted partner building out extraction processes and technology for the past year as it refines its scale extraction model for Canadian and global markets. As previously disclosed, Canopy Growth assumed control of KeyLeaf for accounting purposes in November 2018. As such, KeyLeaf's financial results were consolidated in the Company's fiscal 2019 financial statements. Through the transaction the Company is acquiring a large-scale Canadian extraction facility as well as an extraction-related facility in the United States to support the Company's U.S. CBD expansion.
With over 45 years of experience in the canola, nutraceutical, cosmetic, and bio-product industries, KeyLeaf is a recognized leading authority with significant intellectual property relating to plant-based extraction and ingredients. The extensive experience of KeyLeaf's chemists, engineers, and operators will remain within the organization to further refine the cannabinoid extraction process and will support Canopy Growth in the design, training, oversight, and implementation of additional extraction sites around the world.
KeyLeaf has been working closely with Canopy Growth over the past year to retrofit its Saskatchewan facility to advance technology development and commercialization, in order to process hemp and cannabis biomass, and to conduct pre- and post-extraction processes. It is anticipated the facility, which is currently in the Health Canada licensing process, will be able to process up to 5,000 kg of input materials daily when operational.
Canopy Growth intends to leverage this facility, along with other owned and partner extraction options, to process its over 5,000 acres of Canadian CBD hemp production, over 160 acres of outdoor cannabis production, as well as any extraction materials outputted from its over 4 million square feet of greenhouse growing operations. Then it's off to Smiths Falls to produce the best possible, IP-protected products out there.
Inner Spirit Holdings Ltd. (CSE:ISH), a Canadian company establishing a national network of retail cannabis stores under its Spiritleaf brand, today announced that its first corporate-owned retail cannabis store in Calgary's downtown Beltline district will be opening today (Wednesday, June 26) and its second corporate-owned retail cannabis store is expected to open in Edmonton's Old Strathcona community on Whyte Avenue on Friday, June 28. The Company also announced that its initial franchised retail cannabis stores in British Columbia located in Castlegar and Vernon are expected to open in the coming week.
"We are extremely pleased to be opening two corporate retail cannabis stores just before the Canada Day long weekend to serve customers in high-profile locations in Calgary and Edmonton. Introducing the Spiritleaf brand to the British Columbia market with franchised stores opening in the communities of Castlegar and Vernon is another important milestone as we will be the first national retail brand to accomplish this in the province. I'm proud of our Spiritleaf team and our ability to open and support the operation of retail cannabis stores in multiple markets as this illustrates our proven and effective system of building out stores, training knowledgeable staff and delivering a premium in-store experience for customers," said Darren Bondar, President and CEO of Inner Spirit.
The new Spiritleaf retail cannabis store locations are Spiritleaf Calgary, Spiritleaf Edmonton, Spiritleaf Castlegar and Spiritleaf Vernon.
SLANG Worldwide Inc. (CSE: SLNG), a leading global cannabis consumer packaged goods company with a robust portfolio of renowned brands, has announced a new strategic partnership with licensed processor Elite Cultivation LLC to offer its branded cannabis products to patients throughout the State of Oklahoma.
Pursuant to the partnership, Elite has been granted a license in Oklahoma to produce and distribute the SLANG product suite in Oklahoma, including its category-leading products O.penVAPE, Pressies, District Edibles, Bakked, and Magic Buzz. SLANG will receive royalty payments for each branded product sold in the state.
Oklahoma legalized cannabis for medical use in 2018 and has seen rapid growth in licensing activity. More than 138,000 registered patients and 1,500 licensed dispensaries have been approved by the State as of June 17, 2019. Historical Oklahoma medical cannabis sales topped $23 million in May 2019, based on recent reports from the Oklahoma Tax Commission.
"We are pleased to be able to offer our products to medical cannabis patients in Oklahoma," said SLANG CEO Peter Miller. "We have demonstrated that we can be flexible in structuring our relationships with partners as we enter a new state, depending on the circumstances of the local market. Our expansion continues to be executed in a very capital efficient manner, with the goal of growing our branded unit sales."
SLANG's products will be manufactured by Elite and distributed and sold broadly in medical cannabis dispensaries throughout Oklahoma. Sales are expected to commence in the third quarter of 2019, starting with selected vaporizers, concentrates and edibles, with all SLANG products eventually available for sale.
Oklahoma is the fourth new U.S. market SLANG has announced entry into in 2019. The Company has previously established operations through licensing agreements in Florida and Puerto Rico, and also anticipates entering the State of Washington pending the completion of a proposed acquisition, which would extend the Company's U.S. footprint to 13 states. SLANG's goal is to grow its brand share and demonstrate brand leadership in Oklahoma, as measured by branded unit sales and servings, similar to its performance in several other markets.
Ovation Science Inc. (CSE: OVAT), a product development company with a patented skin delivery technology and twenty-plus years of skincare research and development, announced that its product under license in the USA, remains the #1 topical cannabis product sold in Nevada dispensaries.
According to Headset data, a cannabis analytics company that provides key business intelligence to the cannabis industry, Ovation Science's transdermal CBD (cannabidiol) formulation under license again is ranked the #1 selling topical in Nevada in June by number of units sold according to their latest update. This follows a previous announcement that it ranked #1 in April (and continued to be #1 through-out May).
Ovation's patented skin delivery technology, Invisicare®, is the backbone of all products developed by Ovation Science. It provides exceptional topical and transdermal delivery of CBD and THC to and through the skin; greater than other products on the market according to the Company's research studies. With five products already being successfully sold in Nevada dispensaries, the Company looks forward to future growth to other states by its licensee as well as the launch of their own product lines in July.
"The continued #1 ranking of our product in Nevada will be a catalyst to expansion into other states by our licensee," said Terry Howlett, President of Ovation. "This will add immediate royalty revenue and shareholder value as our products will have the opportunity to be offered in significantly more dispensaries than before." He added, "We also have interest from potential licensees outside of the USA including Canada and Europe and these opportunities would give Ovation's products the opportunity for global expansion."
Ovation products are unique from other infused product companies as the Company leverages its expertise in the pharmaceutical industry to develop highly effective, patent-protected products that have the results to prove it. Ovation products are used for improved wellness, pain management and even anti-aging, to name a few. Ovation earns revenues from licensing and development fees, royalties and the sale of Invisicare to its licensees. In addition the Company will be launching its new line of CBD Beauty products in July in the US both in the retail market and online.
KKE Oil is a premium, recreational focused oil, developed for the consumer who wants the convenience, high THC potency and precise dosing offered by a cannabis oil. KKE Oils are one of the first ever recreational-focused cannabis oils available to consumers in Canada. Wiz Khalifa and the KKE team specifically selected the Supreme Cannabis' wholly-owned subsidiary, 7ACRES Sensi Star strain for the debut of the line.
"I'm excited to bring our first products to Canada and launch KKE Oils. They are an awesome, high-in-THC product that everyone will love," said Wiz Khalifa, principal of KKE. "This is a legendary moment that will be followed by many more game changing releases KKE will launch with Supreme Cannabis over the next year.
"We firmly believe that a high-quality input supports high-quality output and KKE Oil embodies this belief. We are excited to launch one of the first recreational focused cannabis oils in Canada with Wiz Khalifa and the KKE team. KKE Oils are easy to consume, effective and deliver the aromatic terpene profile 7ACRES' Sensi Star is known for. We can't wait to launch the full suite of KKE products, including KKE Jean Guy Oil, later this year," said John Fowler, President and Founder of Supreme Cannabis.
Canada will be the first country outside the United States to experience KKE branded products. KKE Oil is expected to be available for purchase in British Columbia and Ontario by the end of the week, Alberta in early July and released to other Canadian provinces throughout the year. KKE Oils are the first in a full suite of recreational focused products expected to be created under the previously announced partnership between Supreme Cannabis and KKE.
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