Investor Ideas Potcasts, Cannabis News and Stocks on the Move; (TSXV: JWCA.V) (OTCQX: JWCAF) (CSE: TILT) (TSX: FAF) (CSE: EASY)
Delta, Kelowna, BC - March 4, 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: JWCA.V) (OTCQX: JWCAF) (CSE: TILT) (TSX: FAF) (CSE: EASY)
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, as more and more US States onboard some form of legal cannabis initiative in can difficult to keep track of which states are at which stages. Thankfully there is a new resource from TestClear.com which offers up to date information on the Where Marijuana is Legal in the U.S..
James E. Wagner Cultivation Corporation (TSXV: JWCA.V) (OTCQX: JWCAF) announced that it will be adding single origin lot kief and pre-rolls to its medical product shelf later today. This release marks the launch of JWC's first cannabis 2.0 products into the Canadian market.
The kief and the pre-rolls are prepared using single origin lots of cannabis grown with JWC's proprietary GrowthSTORM™ aeroponic cultivation platform. JWC is commencing its launch of these two product formats into the Canadian market later today via JWC's online medical shop, which is accessible through its website www.jwc.ca.
Pre-Rolls: A single origin product, JWC cannabis pre-rolls are evenly milled, machine-rolled, and individually hand-finished in a convenient format.
Kief: A single origin extract product, these sugar-like crystals are known for their fulsome terpene profile, potency, and versatility. Carefully made using freshly harvested cannabis material, this product is recognized as one of the truest representations of the cannabis strain.
"Kief is a product we're excited to introduce to Canadian cannabis consumers, as it's our first extract product," says Nathan Woodworth, President and CEO of JWC. "We prepare our kief on-site using single origin lots of freshly harvested cannabis material from one cultivar source. By using this preparation method, we can ensure the authenticity of the plant is respected, and the truest representation of the plant is fully present in our product. We're not necessarily looking for an ultra-high THC content; we're looking for an intensified concentrated aroma and a replicable experience."
JWC is also focused on developing additional high-potency and versatile extract products including live resin and rosin to answer the diverse needs of Canadian medical patients and adult users. The Corporation believes these products will be in high demand as consumers become more educated and look for alternate ways to consume cannabis. The additional extract products are expected to launch later this spring, on both the medical and the adult-use recreational markets.
From cultivation and harvesting to packaging and processing, JWC's extract products are produced on-site at its licensed facility, located at 855 Trillium Drive, in Kitchener, Ontario. Each of JWC's cultivars are grown exclusively using the Corporation's proprietary GrowthSTORM™ aeroponic technology, recognized for producing clean, consistent cannabis. JWC is on track to produce a total of over 35,000 kg of dried cannabis per year once its JWC2 cultivation facility is fully operational.
TILT Holdings Inc. (CSE: TILT) (OTCQB: TLLTF), a foundational technology cannabis platform comprised of assets to support brands worldwide, announced today that its subsidiary Jupiter Research, LLC is back online following Chinese New Year and minor delays associated with the novel coronavirus COVID-19.
"We are proud to report that manufacturing lines have been open since February 17, 2020, and can confirm our first post-Chinese New Year ocean and air shipments are en route," stated Mark Scatterday, CEO of TILT and founder/CEO of Jupiter Research. "Each year, Jupiter strategically forecasts inventory positions for the Chinese New Year holiday and beyond, which aims to navigate our customers' needs when production is halted for a variety of reasons. With product on hand stateside, our sales team has been actively receiving orders and fulfilling customer requests, along with our in-house print operations increasing capacity for domestic fulfillment."
Jupiter's warehouse located in Phoenix, Arizona, has inventory to help fulfill customer orders and is available for shipment with domestic carriers. Jupiter offers in-house printing at their headquarters facility in Phoenix to provide custom printed products.
"The Coronavirus outbreak in China has caused production delays across all industries, including ours, which produce products in Shenzhen and other manufacturing hubs along the China coast. Jupiter's customer's orders are being produced and shipped, which shows progress our manufacturers and Asian operations team have made. Our inventory position paired with our in-house print production has enabled our ability to continue placing P.O.'s, fulfill both custom and stock orders, and navigate the future potential for unforeseen delays in manufacturing," added Mr. Scatterday.
As an ISO 9001 certified manufacturer, advanced protocols are in place including utilizing clean-room and gowning procedures in a controlled environment during the manufacturing process. Industrial ozone treatment is conducted nightly, and utilized in the storage areas of their facilities. All raw materials undergo a UV sterilization process prior to entering the production floor. Medical grade ethanol, known as an antiseptic for its bactericidal and antifungal effects, is currently used to clean the assembled components at several stages of the manufacturing process.
"Our ongoing commitment at Jupiter is to employee and customer safety, and the highest level of manufacturing processes," Mr. Scatterday said. "We are optimistic for the future, and we appreciate our customers' continued confidence and support."
Fire & Flower Holdings Corp. (TSX: FAF) and its wholly-owned subsidiary Hifyre™ Inc., today announced the successful launch of the Spark Perks™ Fastlane™ "click-and-collect" service in Fire & Flower Ontario store locations in Ottawa and Kingston.
Click-and-collect online cannabis ordering and pickup services recently became permissible as a result of a change in the Ontario regulations earlier this year.
Fastlane is a key benefit of the Spark Perks members program that has been operating across Fire & Flower store locations in the provinces of Alberta, Saskatchewan, Manitoba and the Yukon territory. The Spark Perks program provides Fire & Flower customers with a one-to-one personalized customer experience that the Company sees as a key differentiator and value proposition for its customers.
The Spark Perks program has more than 73,000 members nationally who receive access to the Fastlane "click-and-collect" service, exclusive benefits and member-only events. On average, Spark Perks members spend 44% more though Fastlane, purchase more frequently and spend approximately 300% more per year than non-members of the program.
"Hifyre's ability to rapidly launch the Fastlane click-and-collect service in Ontario demonstrates our Company's core focus as a technology-enabled, retail 2.0 company," shared Trevor Fencott, Chief Executive Officer of Fire & Flower. "The Fastlane service will allow customers in Ontario to reserve products online for pickup in store, which is especially important when new, high-demand products come on to the market."
The Spark Perks Fastlane service will also be available to other retailers through Hifyre's strategic agreement with Cova Software Solutions Inc., announced on January 27, 2020.
SpeakEasy received its licence in November 2019 and immediately began preparations necessary to achieve harvest as quickly as possible. A large collection of unique genetic materials were brought on site prior to licensing and together with its craft style small batch techniques, all efforts were made to achieve the best finished product possible. That objective was achieved and the Company is thrilled with the result of all its efforts with this first of many harvests.
Founder, Marc Geen stated, "With the help and advice from our featured growers who each bring years of experience, we achieved our first harvest quickly, efficiently and with excellent results. I am amazed with the quality of this first harvest and so proud to be able to prove we can do what we have been promising our investors we can do."
A large amount of low-quality products are available in the legal market at the moment and remains unsold. There is high demand and standing orders for high quality products and SpeakEasy has received multiple offers for its first crop from all across the country.
Founder, Marc Geen further states, "We have been working with veteran and patient groups eager to become SpeakEasy clients, the quality and consistency just isn't there in the market to satisfy them. Our intent is to bring them the quality they need and have a consistent supply of the strains they desire."
SpeakEasy's plans include achieving its expanded sales licence and working directly with veterans, seniors and advocacy groups that have thousands of patients looking for true high quality product available consistently and at a reasonable price. In addition, the retail distribution model in Ontario, Canada's largest provincial market, is changing and is expected to allow a more direct sales model between Licence Holder's and the retail stores. SpeakEasy believes that it will benefit from this new model due to its BC roots, authentic craft-style grow and high quality product.
Founder, Marc Geen states, "High quality cannabis will never go out of style and will not become a commodity. Although there is a glut of product on the market at the moment, it's a glut of low quality, greenhouse grown material that averages many months old. We have and will always produce the highest quality product grown in the traditional BC craft grow style that has achieved a reputation for world class cannabis."
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