Investor Ideas Potcasts, Cannabis News and Stocks on the Move; (CSE: AUSA) (OTC: AUSAF) (CSE: HITI) (OTCQB: HITIF) (TSXV: WWT)
Delta, Kelowna, BC - December 10, 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 podcast edition of 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; (CSE: AUSA) (OTC: AUSAF) (CSE: HITI) (OTCQB: HITIF) (TSXV: WWT)
Today's podcast overview/transcript:
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.
Australis Capital Inc. (CSE: AUSA) (OTC: AUSAF) announced that THRIVE Cannabis Marketplace has entered into a four-year agreement with Cocoon Technology LLC, including CocoonPod™ and CocoonRewards™ the world's most robust Platform-as-a-Service (PAAS) specifically developed for dispensaries. Through this agreement, Cocoon will become the exclusive self-service technology provider for THRIVE.
THRIVE, Nevada's largest independent dispensary chain, will install CocoonPod™ kiosks in their eight existing and newly approved locations across Nevada starting late Q1 2020. Built on a cloud-based, self-service fulfillment platform, CocoonPod™ features consumer-facing kiosks as stand-alone units or multi-unit "pods" as the core consumer point-of-interaction, coupled with a consumer mobile application and tablet for employee assisted self-service transactions. THRIVE customers will be able to verify identification, research products, place orders, order ahead, auto-repeat orders, gain loyalty rewards with CocoonRewards™, make payments with cash or bank cards, and make charitable contributions directly through the kiosk or mobile application.
"THRIVE is clearly positioned as the vanguard in the industry leveraging their deep understanding and experience in building some of the greatest brands in the U.S. cannabis space today," states Scott Dowty, CEO of AUSA. "Their commitment to technology and process maximizes operational efficiencies, with a keen focus on ensuring the customer experience is always top-of-mind and is the ideal environment for Cocoon to have an immediate and material impact. The Cocoon model delivers recurring software revenue, recurring maintenance fee revenue, one-time hardware revenue, and development revenue as we work with our partners to customize their applications to best suit their unique requirements."
Cocoon's PAAS incorporates the most robust customer-facing omni-commerce technology including kiosks and mobile applications interfaced with the most popular ERP systems and payment portals, and is custom developed to support unique regulatory compliance requirements and privacy legislation by jurisdiction. CocoonPod™ kiosks provide maximum convenience to new and returning customers; a private experience; vibrant and consumer-friendly user interfaces, custom screen flows, call to action offers and advertising options; quick reading code and marketing redemption; ability to accept, recycle and reconcile cash; a powerful proprietary loyalty platform with customization options and remote real-time data analytics.
"We have been searching for a technology solution to streamline our expanding operations and are always pushing to improve our customer's experience," said Mitch Britten, CEO of THRIVE. "Cocoon will enable THRIVE to further position our operations and brands at the forefront of the industry as we leverage self-service technology across the enterprise delivering cost savings and increased revenue."
Experience CocoonPod™ demonstrations with integrated CocoonRewards™ at MJBiz Con Las Vegas, December 11-13, 2019 at the Australis Capital booth, C3222.
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, announced that it has entered into a definitive share purchase agreement with 2651576 Ontario Inc., a private Ontario company, to acquire the remaining 49.9% interest in High Tide's majority-owned subsidiary, KushBar Inc. Pursuant to the Definitive Agreement, High Tide, which presently holds a controlling interest of 50.1% in KushBar, will acquire the Minority Interest in a transaction that will result in KushBar becoming a wholly-owned subsidiary of High Tide. It is anticipated that the Transaction will close on or about December 12, 2019.
The Transaction marks a crucial step in High Tide's strategy to capitalize on the second wave of the legalization of recreational cannabis products, including but not limited to concentrates, edibles and infused beverages, which are expected to be available in Alberta in early 2020. "High Tide's goal has always been to exceed the expectations of cannabis consumers and elevate their retail experience. The acquisition of the remaining stake in the 3 operating KushBar stores in Camrose, Lloydminster and Morinville, with the fourth location opening in Medicine Hat shortly, will enable us to build on our retail strategy to help meet the upcoming increase in demand expected from Cannabis 2.0 products," said Raj Grover, High Tide's President & Chief Executive Officer. "As we move closer towards the new year, we are excited for what Cannabis 2.0 will have in store for High Tide and its customers," added Mr. Grover.
1933 Industries Inc. (CSE: TGIF) (OTCQX: TGIFF), a vertically-integrated cannabis consumer packaged goods company,announced the execution of a two-year licensing agreement between the Company's subsidiary, Alternative Medicine Association LC and Los Angeles based, The Pantry Company Inc., for the production of edible products in Nevada, adding a new vertical to the Company's portfolio of leading cannabis brands.
Pantry is a premium cannabis-infused food brand created with an emphasis on all-natural ingredients, without preservatives and artificial flavours. Pantry has partnered with award-winning chefs to create a unique line of products for health-conscious and discerning palates, and is currently available for sale across California.
The Company will commence the buildout of a GMP-approved commercial kitchen, to be located in the Company's extraction facility in Las Vegas, Nevada. The Company expects to begin production of Pantry products mid-2020.
The Licensed Products will initially include the following:
- Cannabis Infused Peach Pate de Fruit. Real fruit puree in gummy form. Pate de Fruit, originating in France, is made completely without preservatives and artificial flavors and is naturally vegan and gluten and dairy-free.
- Cannabis Infused Frankies 457 Olive Oil Ganache Bonbon. Rich fine dark chocolate ganache mixed with Frankies 457 Extra Virgin Olive Oil (made from Sicilian olives grown in Nocellara del Belice) covered in a chocolate shell.
- Cannabis Infused Gianduja Ganache Bonbon. Traditional Italian chocolate flavored with hazelnut and mixed with feuilletine flakes to create a delicate crunch, then encased in a fine dark chocolate shell.
- Cannabis Infused Tiramisu Ganache Bonbon. Silky white chocolate ganache flavored with espresso made from 100% Arabica beans and mascarpone, enrobed in a chocolate shell.
- Cannabis Infused Cacao Keto Bites. Bite-sized keto friendly chocolates made with real cocoa butter, cacao powder and lightly sweetened with coconut sugar. Naturally vegan, gluten and dairy-free, and low-glycemic.
"When we envisioned Pantry's product line, we saw a unique opportunity to create actual delicious food, lightly-infused with cannabis and made with premium all-natural ingredients, setting us apart from other edible companies", remarked Scott Jennings, Pantry's President. Jennings continued, "Pantry believes that edibles will emerge as a powerful segment of the cannabis market. Pantry's high-end products appeal to foodies, the wellness community and cannabis connoisseurs from all walks of life".
Mr. Chris Rebentisch, CEO of 1933 Industries, said, "We are excited to expand our product offering in Nevada with a gourmet line that will set the standard for excellence in edibles. The team at Pantry shares our vision and passion for providing natural, cannabis-based products that enhance, enrich and delight consumers. We look forward to launching the Pantry line in the coming months."
Water Ways Technologies Inc. (TSXV: WWT) announced the completion, installation and delivery of its first Cannaways medical cannabis irrigation and fertilization system. Cannaways is an Internet of Things ("IoT") controlled irrigation and fertilization system for cannabis cultivators and growers. The Cannaways system is uniquely designed for the specific needs of cannabis growers and cultivators worldwide, in order to increase the yield and consistency of high-quality cannabis while reducing energy, water, and fertilization costs. The Cannaways system is also available for greenhouse, outdoor food production and fish farm operations where controlled irrigation and fertilization systems are desired.
Ohad Haber, WWT Chairman and Chief Executive Officer commented; "The delivery of the Cannaways system to one of the largest medical cannabis licensed producers in the world is a milestone for Waterways and proof of the advanced technology developed by the Waterways team. We continue to introduce Cannaways to interested parties around the world and look forward to continued market penetration in 2020."
The initial Cannaways system has been installed at the medical cannabis cultivation facility of Cronos Israel, a majority owned entity of Cronos Group Inc. (CRON on TSX and NASDAQ). The system was ordered in 2018, went through an adaptation and implementation process and was field tested and approved by Cronos Israel last week. Water Ways has received two additional orders for the system from Israeli medical cannabis licensed producers and is in negotiations to deliver additional systems to licensed producers in South America and Europe.
Cannaways Competitive Advantage is based on:
- Hydroponic system of flooding benches to maximize cannabis plant nutritional absorption together with full monitoring and control of the plant nutrition during the different growing stages;
- Fertilizing control system comprised of raw fertilizer tanks and dosing pumps;
- Drainage, filtration, water recycling and climate monitoring systems;
- IoT Control Gateway.
The IoT Control Gateway is comprised of an industrial controller and integrated proprietary software to monitor and control various components of the cultivation project.
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