Investor Ideas Potcasts, Cannabis News and Stocks on the Move; (CSE: PUMP) (TSX: WEED) (NYSE: CGC) (CSE: HOLL) (CSE: PLUS) (OTC: GRCU)
Delta, Kelowna, BC - December 11, 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.
Listen to the podcast:
Investor Ideas Potcasts, #Cannabis News and #Stocks on the Move; (CSE: PUMP) (TSX: WEED) (NYSE: CGC) (CSE: HOLL) (CSE: PLUS) (OTC: GRCU)
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.
World-Class Extractions Inc. (CSE: PUMP) announced the signing of an agreement with Nutralife Holdings, LLC and Nutralife Extraction Limited Partnership to establish a joint venture to develop, manage and operate a hemp extraction and processing facility in Imperial County, California to extract hemp oil from hemp biomass in compliance with the U.S. Agriculture Improvement Act of 2018 - also known as the Farm Bill.
Pursuant to the terms of the Joint Venture, the parties will enter into a definitive joint venture agreement to extract hemp biomass into hemp oil, from which hemp oil products can be manufactured. The parties intend to carry out the Joint Venture under a two-stage program. Under Stage One, Nutralife Farming LP, an affiliate of Extraction LP, will enter into a 15 year lease agreement with the land owner, renewable for two additional 5 year terms, to lease up to 1,900 acres of farmland that are adjacent to the Facility, and Extraction LP will enter into a similar lease with the same land owner for the Facility. Farming LP will obtain all necessary permits and licenses to carry out cultivation of hemp on the Property and will cultivate an initial crop of 80 acres of hemp, which World-Class will assist in drying and delivering to an extraction facility. Following successful completion of Stage One, the parties intend to commence large-scale commercial production in Stage Two. Word-Class will incorporate a wholly-owned subsidiary in the United States, the Extraction LP will obtain all applicable regulatory approvals relating to the extraction of hemp at the Facility, and Farming LP will cultivate an initial crop of 400 acres of hemp, with a commitment to progressively cultivate up to 1,900 acres. The Joint Venture will extract the hemp oil from hemp, and will be paid a processing fee equal to 1/3 of the fair market value of the extracted product.
Under the terms of the JV Agreement, the two parties will share economic benefits through a profit-sharing structure reflective of the respective interest of each party. Holdings will own 60% of the Joint Venture and World-Class will own 40% of the Joint Venture. The parties intend to extract hemp produced by the Farming LP in consideration for a processing fee of one-third of the value of the extracted product. With a history rich in hemp-farming dating back to 1917, the climate and growing conditions in Imperial County, California are ideal, allowing for the site to grow at least two crops per year (where other states and counties grow one). Based on two hemp harvests per year, the parties estimate that the Facility will accommodate the annual production of up to 3,800,000 kg of extracted biomass, which could yield between 225,000 kg to 350,000 kg of hemp oil distillate or hemp oil isolate. Extraction services are expected to commence mid-2020.
Rosy Mondin, CEO of World-Class, stated, "Our Joint Venture with Nutralife marks a significant milestone for World-Class. The deployment of our hemp extraction and processing facility in Southern California provides World-Class with access to the market in the United States. The Joint Venture will not only extract and process hemp oil, but will also manufacture hemp derived products for human health and pet wellness with distribution of these products through Nutralife's affiliate, Nutralife Wellness. The Joint Venture will also allow us to offer our hemp extraction and processing services to licensed third-parties in the United States."
Hollister Biosciences Inc. (CSE: HOLL), through its hemp division, Rebel Hemp Company, announced the launch of its premium organic hemp-brewed beverage, Rebel Tea, at the Dream House MJBiz VIP Event in Las Vegas, Nevada.
Brewed with high-quality, American-grown hemp and containing fifteen milligrams of whole-plant full-spectrum phytocannabinoids, Rebel Tea offers consumers a refreshing THC-free beverage. Rebel Tea's innovative formula features exclusively organic ingredients paired with light flavoring from natural lemon and cane sugar.
Rebel Tea will be launched at the most-anticipated after-party of the MJBiz Conference, the Dream House MJBiz VIP Event on December 12, 2019, at The Industrial Event Space at 2330 S. Industrial Road in Las Vegas, Nevada. Hollister, a sponsor of the invite-only event, will be showcasing Rebel Tea, along with additional hemp and THC products, while offering VIP's an exclusive on-site adult consumption area in "The Den".
The CEO of Hollister Biosciences Inc., Carl Saling shared, "We are very proud to release our new hemp beverage Rebel Tea. We have worked long and hard to create this amazing tea that is actually brewed from hemp."
Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF), a cannabis branded products company in the U.S., today announced the transition of its primary California distribution partner from Calyx Brands Inc. to HERBL Distribution Solutions for the Company's best-selling cannabis products.
- PLUS products are currently available in 360 licensed retailers in California
- HERBL distributes to more than 600 licensed retailers in California
- PLUS has an internal sales team of fifteen individuals who have been working closely with HERBL and retailers to make the transition a success
"After an extensive review of the major California cannabis distributors, we determined that HERBL was best positioned to scale with PLUS and reliably deliver product to retailers at the lowest cost," said Jake Heimark, Co-founder & CEO of PLUS. "One of our goals at PLUS is to put our products on every shelf at an affordable price, and we believe HERBL is the perfect partner to help us reach that goal. Their substantial market reach and world class management team give us confidence that they will help PLUS further solidify our position as the largest cannabis-infused gummies brand in California.1"
HERBL is a leader in the California market with active distribution to over 600 licensed retailers across the state, 240 more locations than the 360 licensed retailers in which PLUS cannabis-infused edibles are available today.
PLUS has an internal sales team of fifteen individuals working directly with HERBL's team to ensure a quick and efficient transition for the Company's current retail partners, and to open new accounts moving forward.
PLUS, as a part of this transition, has entered into a settlement agreement with Calyx dated December 9, 2019, which addresses, among other things, the termination of the distribution arrangement between the two parties. In accordance with the terms of the settlement agreement, the Company has arranged with HERBL to take responsibility for distributing the Company's branded products inventory currently held by Calyx. Additionally, a qualified third party will assist in the collection of a portion of outstanding accounts receivable associated with the sales of PLUS branded products by Calyx. PLUS has also agreed to forbear any claims against Calyx and its parent company, Nutritional High, through June 5, 2020.
Green Cures & Botanical Distribution, Inc. (OTC: GRCU) a manufacturer, wholesaler and distributor of hemp and CBD-infused nutritional, sports, body care and alcoholic spirits products, announced the development of its new CBD Cocktail Infusion line of products that will be marketed and sold in tandem with Hollywood Green Botanical Vodka.
Last week, Green Cures announced the Alcohol and Tobacco Tax and Trade Bureau ("TTB") granted its Certificate of Label Approval (COLA) for Hollywood Green Botanical Vodka. Samples of the premium botanical vodka are currently being evaluated by a number of national distributors that were eagerly awaiting final label approval. The company is in advanced discussions with a particular national spirits distributor that covers over 35 states.
The company is excited to announce the development and upcoming launch of Full-Spectrum CBD Cocktail Companions which have been developed to be infused with alcoholic beverages. This new line of CBD products is unique to any on the market today. Most CBD based products are presented as an oil which does not mix well in water or beverages. Additionally, the flavor is typically overwhelming as full-spectrum CBD concentrate has a strong, earthly profile. Green Cures' custom flavored CBD Cocktail Companies are emulsified which renders the oil water dispersible which infuses perfectly into any beverage.
Green Cures has developed the new CBD Cocktail Companies under the Hollywood Hemp brand and include flavors: Cosmopolitan, Lemon Ginger, Cherry Lime Rickey and Orange Kush. Each tincture will include 300mgs of full-spectrum CBD in doses of 5mg per serving. The company plans to market nationally to beverage distributors and online.
President Joe Tragesser stated, "We're thrilled to bring our CBD Cocktail Companions to a market eagerly looking to infuse CBD with alcoholic beverages. There are no other CBD products on the market today that are custom flavored and water dispersible into any alcohol or non-alcoholic beverages. We intend to market our first four CBD Cocktail Companions alongside Hollywood Green Botanical Vodka which will be available with all our distributors."
Canopy Growth Corporation (TSX: WEED) (NYSE: CGC) invites you to attend the official ribbon cutting to celebrate the return of chocolate to the former Hershey factory in Smiths Falls. Canopy Growth's partnership with international award-winning Hummingbird Chocolate supports the production of world-class chocolate in the Company's new state-of-the-art chocolate factory.
In the coming months, Canadian consumers will have the opportunity to experience cannabis in a variety of different flavours and formats, as part of Cannabis 2.0. Thanks to the ground-breaking work of Canopy Growth' s innovation team, the Company is poised to lead the industry in bean-to-bar cannabis-infused chocolate.
Media are invited to join Canopy Growth President Rade Kovacevic, Member of Parliament for Lanark- Frontenac- Kingston, Scott Reid, Member of Provincial Parliament for Lanark-Frontenac-Kingston Randy Hillier, His Worship Shawn Pankow, Mayor of Smiths Falls and Hummingbird Chocolate founders Erica and Drew Gilmour, as they deliver remarks.
Date: Friday, December 13, 2019
Time: Event begins at 12:00 pm EST. We recommend that you arrive at 11:30am for registration.
Location: Tweed Visitor Centre - 1 Hershey Drive, Smiths Falls, Ontario
RSVP: If you're planning on attending, please RSVP to Caitlin O'Hara (Caitlin.firstname.lastname@example.org) by 9 am ET on December 13th
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