Investor Ideas Potcasts, Cannabis News and Stocks on the Move; (TSXV: KHRN) (TSX: FAF) (OTCQX: FFLWF) (TSXV: N) (CSE: BLO)
Delta, Kelowna, BC - March 2, 2020 (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; (TSXV: KHRN) (TSX: FAF) (OTCQX: FFLWF) (TSXV: N) (TSXV: N) (CSE: BLO)
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 public announcements.
But first, according to a recent article from New Frontier Data, "a convergence of market forces has precipitated a steep national decline of cannabis interceptions along U.S. border checkpoints." This is due to the activation of legal state markets which provides consumers with an attractive shopping variety of places and products, including new product forms catering to diverse preferences as well as the adoption of regulations and quality-control standards which have elevated consumers' expectations for quality.
Overall, the amount of cannabis intercepted along all U.S. borders has fallen by 89%, from 2.5 million lbs. in 2011 to approximately 270,000 lbs. in 2019. Along the southwestern border where 99% of all intercepted cannabis has been collected, those incidents have decreased by 90% since 2011, the sharpest decline among all regions (i.e., coastal, southwest and northern borders).
Khiron Life Sciences Corp. (TSXV: KHRN) (OTCQB: KHRNF) announced that further to cultivation quotas announced on February 26, 2020, it has received manufacturing quotas from the Colombian Technical Quotas Group ("TQG"). These quotas authorize the Company to manufacture high-THC whole plant extract for both export and domestic purposes.
"Receipt of these quotas, together with the previously disclosed cultivation quotas, moves us measurably closer to our priority of serving patient needs in Colombia, and further jurisdictions in Latin America. With our fast growing ILANS clinics and recently launched Zerenia clinic, we have a large and engaged patient network for chronic pain and nausea related conditions to immediately serve through medical cannabis." Comments Juan Diego Alvarez, Khiron Vice-President of Regulatory Affairs.
Based on high-THC medical cannabis demand, the Company will be able to produce approximately an equivalent of 1,000,000 bottles of high-THC formulation for medical use domestically and abroad. The Company expects to receive final GEP laboratory certification in the near future.
Fire & Flower Holdings Corp. (TSX: FAF) (OTCQX: FFLWF) and its wholly-owned subsidiary Fire & Flower Inc., today announced the Company's Ontario expansion plans including the completion of acquisitions of the Ottawa and Kingston, Ontario stores.
Fire & Flower has received its Retail Operator Licence from the Alcohol and Gaming Commission of Ontario. Additionally, Fire & Flower has submitted applications to the AGCO for Retail Store Authorizations for an additional eight store locations in Ontario.
"Ontario is a key strategic priority for Fire & Flower and our receipt of a Retail Operator Licence and submission of Retail Store Authorizations for eight locations is a clear demonstration of our focus on this market," shared Trevor Fencott, Chief Executive Officer of Fire & Flower. "By completing the acquisition of both the Ottawa and Kingston locations, Fire & Flower anticipates strengthening its financial position and operating income from these high performing stores."
Design of these eight additional stores has been completed, and construction will commence shortly to allow Fire & Flower to complete the required regulatory inspections and approvals.
These eight additional stores combined with the existing Ottawa and Kingston locations represent the maximum number of RSA applications permitted by the AGCO at this time.
"We see Fire & Flower as our vector of growth in the cannabis sector and since our investment in the company more than six months ago, we have continued to support their ongoing expansion and operational focus," shared Jeremy Bergeron, Vice President, Alternative Channels of Alimentation Couche-Tard. "We are very excited with the acquisition of the Ottawa and Kingston location and look forward to Fire & Flower's expansion in Ontario and solidifying their position as the leader in cannabis retailing."
Fire & Flower intends to rapidly expand across the province of Ontario as the AGCO accepts additional RSA applications.
Today, the Company further announced changes to its management structure. Nadia Vattovaz has been appointed as Executive Vice President, Operations in addition to continuing in her role as Chief Financial Officer and Mike Vioncek, formerly the Chief Operating Officer, has been appointed SVP Real Estate, Construction & Compliance. These changes have been made to better focus the organization on its key strategic goals and retail growth plan throughout 2020.
Both Ms. Vattovaz and Mr. Vioncek have deep retail operations and real estate experience. Ms. Vattovaz previously held senior management roles with Holt Renfrew, Canadian Tire and Bento Sushi. Mr. Vioncek has previously held senior management roles with Planet Fitness, Liquor Stores North America (now Alcanna), Rexall Canada and Hudson's Bay.
Namaste Technologies Inc. (TSXV: N) (OTC: NXTTF), a leading platform for cannabis products, accessories, and education, today announced that its wholly owned subsidiary, CannMart Inc., has executed a licensing agreement with IGNITE International Brands, Ltd. (CSE: BILZ) (OTCQX: BILZF). The Agreement grants CannMart a licence to use certain IGNITE brand trademarks on legal cannabis-based products in consideration for certain royalty payments.
Pursuant to the Agreement, CannMart will work with IGNITE's quality control and product development teams to source premium inputs, including flower and Cannabis 2.0 offerings, from Canadian craft cannabis producers for the IGNITE Products. Under the Agreement, CannMart assumes all functions associated with procurement, processing, and packaging of the IGNITE Products in its Health Canada-licenced processing facility. In addition, CannMart will oversee the sale and distribution of the IGNITE Products in Canada, leveraging its Canadian trade channels. Pursuant to the Agreement, IGNITE will, on behalf of CannMart, market the IGNITE Products in Canada.
"The IGNITE team remains committed to delivering cannabis products to every market we target. We firmly believe working with CannMart will provide quality product offerings and a quicker route to market given CannMart's competencies," said IGNITE CEO, Dan Bilzerian. "The IGNITE philosophy aligns with CannMart's passion to deliver innovative products through its global distribution channels."
"CannMart delivers a unique value-added proposition to brands," said Curtis Heffernan, President of IGNITE. "The agreement with CannMart will allow IGNITE to remain laser-focused on expanding brand awareness to maximize its reach to Canadian consumers."
"CannMart continues to demonstrate its ability to attract leading brands like IGNITE, to deliver recognizable quality products to consumers," said Meni Morim, CEO of Namaste Technologies. "Namaste believes IGNITE is well known among our current customer base and CannMart intends to leverage IGNITE's brand recognition to drive sales throughout its network of government partners and retailers."
Namaste also reports that they have loaned Pineapple Express Delivery Inc. ("Pineapple"), of which they have a 49% equity interest, $125,000 in support of Pineapple's efforts for cash flow purposes.
Cannabix Technologies Inc. (CSE: BLO) (OTC: BLOZF), a developer of marijuana breathalyzer devices for law enforcement and the workplace reports that a significant technological development has been achieved with its FAIMS- (field asymmetric waveform ion mobility spectrometry) marijuana breathalyzer prototype. Cannabix scientists have been characterizing the device for several months to increase resolving power and sensitivity. The Company is pleased to report that the Beta 3.1 FAIMS device has achieved ion-resolving levels that enable the isolation of ∆9-tetrahydrocannabinol ("THC") in human breath and suppress background compounds effectively. With human subject breath testing performed up to 90 minutes after smoking marijuana and nicotine cigarettes, the Cannabix FAIMS device was able to selectively isolate THC or nicotine and suppress unwanted background volatile organic compounds. In addition, metabolites for both cannabis and nicotine were detected. Subject testing up to 90 minutes after smoking was accomplished using only a few breath samples from the test subject. The characterization work and recent developments were conducted using a bench version of the Beta 3.1 FAIMS device coupled to mass spectrometer for validation. A number of factors including FAIMS cell geometry, flow optimization and ion-focusing techniques have contributed to this latest development.
"I'm impressed with the progress that has been made by the Cannabix team in the development of this newest version; the sensitivity and selectivity is impressive. I look forward to continued collaborations between UF and Cannabix to advance FAIMS detection," says Dr. Richard Yost, Cannabix Scientific Advisor.
"We are very excited about our recent results on being able to consistently resolve THC and other analytes from breath. It is hard to overstate the significance of these achievements in atmospheric conditions (without vacuum). These key steps will result in a new type of device that the analytical and diagnostic fields have been seeking for breath analysis," says Dr. Raj Attariwala, Chief Scientific Officer.
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