Investor Ideas Potcasts, Cannabis News and Stocks on the Move; Episode 462 (CSE: GTII) (OTCQB: MGWFF) (CSE: CURA) (NASDAQ: AMRS)
Delta, Kelowna, BC - September 1, 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; Episode 462 (CSE: GTII) (OTCQB: MGWFF) (CSE: CURA) (NASDAQ: AMRS)
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 company announcements.
Green Thumb Industries Inc. (CSE: GTII) (OTCQX: GTBIF), a leading national cannabis consumer packaged goods company and owner of Rise™ and Essence retail stores, today announced that the company has partnered with Last Prisoner Project (LPP) on an integrated marketing campaign, including a short documentary, social media advocacy, digital promotions and in-store programs to raise awareness and funds for LPP's important work.
LPP is a coalition of cannabis industry leaders, executives and artists dedicated to bringing restorative justice to the cannabis industry. The organization's Clemency and Reentry Initiatives provide pro-bono post-conviction representation to assist individuals in securing release and a clean slate to rebuild their lives.
The centerpiece of the campaign is a short documentary, "Waiting to Breathe," created in-house by Green Thumb. The film highlights the story of Evelyn LaChapelle, a current LPP Advisor who served more than five years in prison for a cannabis-related offense and has since rebuilt her life with her young daughter with support from LPP.
Following her release, LaChapelle was fired from a job when the company learned about her past. "When I got fired it was like you aren't done serving your sentence," said LaChapelle, who currently works in the legal cannabis industry in California. "It was like this is never going to go away. It leaves you with an amount of hopelessness."
Sarah Gersten, Executive Director and General Counsel of LPP said: "Evelyn's story really moved all of us and changed the way we envisioned this project and our mission. All of the barriers she faced coming out of prison, how difficult it was for her to find employment, watching her struggle through all of that really gave us the insight to refocus our efforts, not just on releasing folks from incarceration but working with them to ensure that they have the resources they need to successfully reenter."
According to various sources:
- An estimated 40,000 people are currently incarcerated for victimless cannabis offenses. (Source: LPP)
- 92 percent of 663,367 cannabis arrests in 2018 were for possession alone. (Source: FBI Uniform Crime Reporting Program, 2018)
- Black people are 3.64 times more likely than white people to be arrested for cannabis possession yet are no more likely to sell or use cannabis. (Source: ACLU)
A portion of proceeds from Green Thumb products purchased in the month of September will directly benefit LPP.
Green Thumb Corporate Social Responsibility Director Michael Fields said: "By partnering with LPP, Green Thumb hopes to raise awareness of real people like Evelyn whose lives and families have been positively impacted by LPP, and to provide financial support to LPP which serves as a vital resource for former cannabis inmates transitioning to a successful life following incarceration."
Maple Leaf Green World Inc. (NEO: MGW) (OTCQB: MGWFF) provided the following update for its California CBG Hemp Project. A sample from a selective batch of La Creme from the first 2 greenhouses which is 2 - 4 weeks from full maturity, has been submitted for lab analysis and the results indicate an incredible 13.90% CBG, 0.07% THC and no other cannabinoids detected. It is noteworthy that most samples would present traces of other cannabinoids as enzymes break down CBGa to produce other cannabinoids. The lack of these other cannabinoids indicates a pure CBG flower.
The plants have been kept longer in the vegetative stage deliberately to develop larger buds and higher poundage. The low THC nature of the La Creme strain has allowed the Company to make adjustments during the vegetative phase to maximize both CBG concentration and yield. These plants will be ready for harvesting within the next 2 - 4 weeks.
The outdoor crop is also displaying numerous large buds and is estimated to produce 2 - 3 lbs of flower per plant. The Company's cultivation team is excited with the early results and is confident that the flowers, when fully mature, will achieve a minimum of 18% CBG. As the Company prepares for its first harvest, clones have also been cut and setup for the 2nd harvest.
The preliminary Certificate of Analysis ("COA") has been posted to the company's website.
"I am very impressed with the purity of our first harvest. The low THC nature of this strain gave us the flexibility to extend the length of our vegetating stage to obtain higher CBG content and larger buds without the risk of our harvest going hot. This will be resulted in approximately 30-40% increase in yield. We are excited to see the final results from a fully mature flower." said Raymond Lai, Chairman, President & CEO
Curaleaf Holdings, Inc. (CSE: CURA) (OTCQX: CURLF), a leading vertically integrated cannabis operator in the United States, today announced that its line of Select Elite Live cartridges has reached $1 million in sales since launching in the Florida medical market on August 6.
Select Elite Live features high quality, high potency oil with a wide variety of strain-specific flavor and effects. Curaleaf will unveil additional Select product offerings to Florida's medical patients later this year, including the best-selling high potency broad spectrum Select Elite cartridges. As a recognized industry leader, Select is committed to maintaining the highest quality control standards and testing transparency and delivering the best experience possible.
"We are thrilled to have received such a positive response to Elite Live from our Florida patients, and look forward to continuing to provide innovative new products for their cannabis needs," said Joe Bayern, President of Curaleaf. "The immediate success of Elite Live in Florida speaks to the power of the Select brand, and we are confident about our continued growth in the state."
Select, known as America's #1 Cannabis Oil Brand, has been on a path of rapid expansion since it was acquired by Curaleaf in February 2020. Select products are now available in over 950 independent dispensaries across 12 states, including Arizona, California, Colorado, Connecticut, Florida, Maryland, Michigan, Nevada, Oklahoma, Oregon, Massachusetts and Maine. The Select brand will continue to expand across the U.S. with its launch into Ohio's medical market later this month.
Curaleaf also announced the company's first retail location in the Utah market with a new pharmacy at 3633 N. Thanksgiving Way in Lehi, marking its 90th retail location nationwide.
Curaleaf UT, LLC, was awarded one of the state's 14 licenses in the state of Utah in 2019. Lehi is known as one of the state's highest growth cities and its surrounding area is home to more than 50% of the state's total qualifying patients; Utah County has 44% of the certified 10,400 patients.
The new Lehi location is strategically located directly off the I15, the state's most highly trafficked freeway, in a high retail density area which will provide optimal patient access from anywhere in the Utah County area. Curaleaf will be the first cannabis pharmacy location in the County heading south from Salt Lake on the I15.
The Company's expansion into Utah will provide more accessibility to high-quality medical cannabis products, innovative consumption formats, and leading national brands. Curaleaf is also completing construction on its state-of-the-art processing operation in North Salt Lake City, which is scheduled to open in mid-September.
"We look forward to introducing our Select and Curaleaf formulas to the patients of Utah with our new Lehi location," said Joe Bayern, President at Curaleaf. "We anticipate that demand will quickly surpass projected numbers in this market, as cannabis use continues to gain acceptance for a variety of health and wellness needs."
During the COVID-19 pandemic, cannabis businesses have been deemed an essential service in most states, including Utah. Curaleaf remains committed to serving patients and customers with the products they rely on while implementing heightened safety and hygienic measures in all its facilities.
Amyris, Inc. (NASDAQ: AMRS), a leading synthetic biotechnology company in Clean Health and Beauty markets through its consumer brands, and a top supplier of sustainable and natural ingredients, today announced that it has successfully scaled up the commercial production of Cannabigerol (CBG) leveraging its industrial fermentation process capability.
Amyris expects to deliver about one ton of high purity CBG through fermentation as an alternative to the traditional production method of extraction from the Cannabis sativa L. plant. First commercial revenue from the sale of this molecule is anticipated this year as an ingredient in applications that are excluded from Amyris's current collaboration agreements. Product margins are anticipated to operate above the current industry average realized by existing publicly traded CBD suppliers.
CBG is the precursor from which all other cannabinoids are synthesized and is often referred to as the "stem cell" of cannabinoids. CBG is a non-psychoactive cannabinoid and presents significant therapeutic potential, making it a subject of great interest for researchers and consumers alike. Amyris's fermentation process is well-positioned to result in the lowest cost CBG with higher purity (no THC), which is expected to unlock CBG's adoption.
Early testing on skin models demonstrates advantaged performance of CBG for various topical indications over CBD. Furthermore, the combination of CBG with Amyris's sugar cane-based squalene provides some of the highest efficacy results for topical applications. Early studies indicate that CBG has the potential to deliver better efficacy than CBD in about one third of current CBD topical applications.
"Amyris's biotechnology platform continues to demonstrate its capability to engineer yeast to create and produce differentiated high value products. This molecule was developed from initial target to full scale production in less than nine months," said Eduardo Alvarez, Chief Operating Officer.
"We are very excited about the disruptive nature of this molecule for potential skin care applications and through flavor and fragrance partnerships and our cosmetic distribution channels," commented John Melo, President and Chief Executive Officer. "This is the tenth product we deliver at scale through our fermentation platform, and reaffirms the continued expansion of our portfolio and our growth ambition to provide sustainably and economically produced natural ingredients."
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