Investor Ideas Potcasts, Cannabis News and Stocks on the Move (TSXV: HEMP) (NYSE: ACB) (TSXV: FLWR) (CSE: TTT)
Delta, Kelowna, BC - July 31, 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: (TSXV: HEMP) (NYSE: ACB) (TSXV: FLWR) (CSE: TTT)
Good afternoon and welcome to another episode of Investorideas.com "Potcast" featuring cannabis news, stocks to watch as well as insights from thought leaders and experts.
In today's podcast we look at a few early announcements.
But first, Pineapple Express Delivery announced that it has launched its newest hub in Regina and is now providing both long haul B2B delivery services for Licensed producers operating in the province, as well as same day consumer deliveries for the major retailers.
Starting with the primary hub in Saskatoon which launched in March 2019, Pineapple Express Delivery has systematically extended its reach across the province and now operates in Warman, Martinsville, Regina, Moosejaw and Saskatoon.
Randy Rolph, CEO of Pineapple Express Delivery: "Setting up in Saskatchewan has been a pleasure and we are happy to be able to meet demand and expand our reach. The government is very responsive which helps us to ensure that we maintain our high level of compliance. It has been rewarding to be able to set up with existing partners like Tweed and Meta as they expand into a new province and we have forged new partnerships that we are very proud of. We intend to continue this trend province by province as the regulations permit"
Pineapple Express Delivery is proud to be providing services in Saskatchewan for Tweed, Meta and National Access Cannabis with their New Leaf retail model, National Cannabis Distribution, Kiaro, WestLeaf with their Prairie Records retail model, 5 Buds and Jimmy's Cannabis.
Hempco Food and Fiber Inc (TSXV:HEMP) announced that Institutional Shareholder Services Inc. ("ISS"), a leading independent proxy advisory firm, has recommended that shareholders of Hempco vote FOR the shareholder resolution pertaining to the acquisition by Aurora Cannabis Inc. (NYSE: ACB) (TSX: ACB), of all of the issued and outstanding shares of Hempco which Aurora does not already currently own. Aurora currently holds 51% of the outstanding common shares of Hempco.
If the Arrangement Resolution is passed by Hempco shareholders, each Hempco shareholder other than Aurora, will receive $1.04 per Hempco share, payable in common shares of Aurora shares at a deemed value of $12.01, resulting in an exchange ratio of approximately 0.08659 Aurora shares for each Hempco share.
The meeting to approve the Arrangement Resolution is scheduled for August 13, 2019, at 9:00am Vancouver time. The deadline to vote is August 9, 2019, at 9:00am Vancouver time.
The Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF) and TruTrace Technologies Inc. (CSE: TTT) (OTCQB: TTTSF) today announced that Flowr joined the Shoppers Drug Mart medical cannabis verification pilot program, which was announced last month at the World Cannabis Congress. The Pilot Program is intended to increase transparency, interoperability and product identification within the medical cannabis industry.
The Pilot Program uses 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.
Under the StrainSecure™ program, the TruTrace team collects plant testing data and performs genomic verification in plant batches which are then registered in a blockchain-enabled database for intellectual property protection and strain validation. All information gathered from the plants, including their molecular and chemical makeup, can be tracked via the program.
"Our medical cannabis products in Canada are available through Shoppers as we believe the pharmacy model offers significant benefits to patients. We fully support the objectives of this Pilot Program and look forward to working with our partners to ensure patients have access to medicinal cannabis they can trust," said Dr. Lyle Oberg, Flowr's Chief Medical and Policy Officer. "Medical cannabis patients expect that their medication is safe, standardized and of high quality, and we believe this formal traceability program can play an important part of the overall process of building that trust."
Flowr has a supply agreement with Shoppers to supply its FlowrRx brand of medical cannabis products. Patients can visit Shoppers' ecommerce site, shoppersdrugmart.ca/cannabis, to learn more.
Cannvas MedTech Inc. (CSE: MTEC) (OTC: CANVF), announced its intention to change its name from Cannvas MedTech Inc. to "Eurolife Brands Inc." to better reflect the direction of the Company's business activities. Concurrent with the name change, the Company will be completing a subdivision of its issued and outstanding common shares on the basis of four (4) new Shares for every one (1) Share held. The company has additionally secured the trading symbol "EURO".
"We are excited to rebrand as EuroLife Brands as we grow and expand beyond North America, bring cannabis education, analytics and some of the worlds most popular brands to the international markets and emerging regions around the world while aggressively executing on strategic M&A opportunities with like-minded organizations around the world," said Steve Loutskou, Chief Operating Officer, Global Markets, Cannvas MedTech. "We are confident this rebranding effort, coupled with a refreshed and targeted direction for our lines of business, will maximize shareholder value as we build EuroLife Brands into an first-mover industry leader in Europe, South America and beyond."
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