Investor Ideas Potcasts, Cannabis News and Stocks on the Move; Episode 465 (TSXV: N) (CSE: PAID) (CSE: AUSA) (OTC: AUSAF)
Delta, Kelowna, BC - September 10, 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 465 (TSXV: N) (CSE: PAID) (CSE: AUSA) (OTC: AUSAF)
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 and private company announcements.
Dosist™ Canada today announced a new exclusive partnership with Medical Cannabis by Shoppers Inc. to supply its innovative dose-controlled cannabis products as part of the Medical Cannabis by Shoppers™ offering.
Shoppers will now offer patients eight dosist product formulations, which include core formulas such as calm, rest, and soothe, all of which deliver a precise balance of THC:CBD to provide targeted results, as well as three new high potency THC-plus formulas. These formulas are administered via dosist's proprietary inhalable devices, providing patients with the first and only precision dosing inhalable products in the Medical Cannabis by Shoppers offering.
Since launching in 2016, dosist has become a globally recognized brand through its award-winning products, focus on testing and quality, and recognition from companies like Time and Fast Company. As the pioneer of dose-controlled cannabis technology and a leader in quality of life need-state formulations, dosist has consistently established itself as one of the top selling brands in its category in the largest legal US cannabis market (California).
"We are extremely proud to partner with such a trusted and respected retailer as Shoppers Drug Mart," said Gunner Winston, CEO of dosist. "Their integrity and history in providing for the medical needs of Canadians is unparalleled, and reflects very strongly our shared commitment to enabling and empowering Canadians to live better. We look forward to bringing our proprietary dose controlled products and natural formulas to Shoppers patients across the country."
Consistent with Shoppers' commitment to providing full product transparency, dosist is one of the only brands in Canada that posts all of its formula batch tests online, allowing patients to see that the products they are inhaling are natural and contaminant free. dosist has also partnered with Shoppers and UHN on the Medical Cannabis Real-World Evidence clinical trial, studying the effects of fully validated cannabis product on sleep, anxiety and depression.
"We are proud to be the only national brand to make dosist products available to Canadians who consume cannabis for medical and wellness reasons," said Ken Weisbrod, Vice President, Business Development/Cannabis Strategy, Shoppers Drug Mart. "We are pleased to bring this innovative and measured platform for cannabis use to our consumers today."
All dosist formulas are administered via their proprietary dose-controlled inhalable technology, which includes the new dose pen rechargeable system by dosist, an exclusive closed-loop dose pen system created by combining the dose controller and formula pods (both sold separately) for a rechargeable and flexible experience, and the dose pen 100, a sleek and convenient disposable device. Both inhalable devices deliver a precise 2.5 mg dose of formula each time, alerting the patient of a complete dose with a haptic vibration before shutting off.
The five dosist core formulas now available at shoppersdrugmart.ca/cannabis are:
- calm (1:6 thc-to-cbd ratio) - designed to help relax your mind and body
- soothe (2:1 thc-to-cbd ratio) - designed to help ease the mind and body
- rest (8:1 thc-to-cbd radio) - designed to help you feel rested
- bliss (9:1 thc-to-cbd ratio) - designed to help you feel just the right amount of good
- arouse (10:1 thc-to-cbd ratio) - designed to help awaken your senses and stimulate your mind
The three THC-plus formulas now available are:
- bliss thc-plus - an invigorating blend of high-potency cannabis designed to deliver feelings of euphoria and energy
- arouse thc-plus - a balanced blend of high-potency cannabis designed to deliver feelings of stimulation and clarity
- relax thc-plus - a tranquil blend of high-potency cannabis designed to deliver feelings of ease and relaxation
dosist products are available to patients now through the Medical Cannabis by Shoppers ecommerce site. Medical Cannabis by Shoppers Inc. provides patient access to select medical cannabis products which can be ordered online or via phone, and shipped directly and discreetly to their doorstep. The Shoppers Cannabis Care team - a dedicated call center staffed by cannabis-trained advisors and pharmacists - provides guidance and support for patients.
Namaste Technologies Inc. (TSXV: N) (OTC: NXTTF), a leading online platform for cannabis products, accessories, and responsible education, today announced an agreement with Lifted Innovations Inc., a private B2C e-commerce company selling cannabis-related accessories and ancillary products in the United States and Canada. In connection with the Agreement and Namaste's strategic partner status, Lifted issued 3,065,000 common shares to Namaste, constituting, at the time of issuance, an undiluted 5% shareholding.
The Transaction, including the Offer, has now been completed and Namaste has received 3,065,000 common shares of PeakBirch in exchange for the Lifted Shares, constituting approximately an undiluted 3.3% shareholding of PeakBirch. The PeakBirch shares are subject to certain resale restrictions, including a 4 month hold period and a monthly limit on sales subject to certain exceptions.
The Agreement provides that Namaste and Lifted shall, for 24 months, collaborate wherever practicable in respect of matters of potential mutual benefit, including in respect of, the development of business in the United States, efficiencies relating to common ancillary businesses; and potential opportunities relating to the licensing of technology. The Agreement also provides a release in favour of Lifted and certain releasees from claims relating to the current or former assets or business of Lifted.
XTM, Inc. (CSE: PAID), a Toronto-based Fintech company in the challenger banking space, providing mobile banking and payment solutions around the world today announced it has signed a Letter of Intent ("LOI") with one of the largest online cannabis retailers in the U.S. to launch a proprietary cashless payment network.
This will be the first of its kind, bank grade, fully compliant, community currency, closed loop solution for any company or business looking to eliminate cash and process real-time payments including but not limited to licensed Cannabis companies. A new web site www.CaliCard.com is being established and physical cards will soon be in production.
As part of the terms of the LOI XTM will private label its existing mobile wallet and payment network technology, finalize development for merchant settlements, arrange the banking partnerships, manage the network and license the technology to a new entity of which XTM will own 50%. The other party will adopt and roll-out the technology across all its e-commerce platforms and will leverage its contacts for sales and marketing of the solution.
Cash used in U.S. legal marijuana sales was estimated to be in excess of $8 billion in 2019.
The added security risks and costs of transacting in cash are significant. Existing solutions are overcomplicated, not fully compliant, expensive and subject to fraud and chargebacks. Merchants say service offerings currently available to the industry are lacking in compatibility and do not provide consumers with the user experience they have come to expect in today's digital world. They are subject to high transaction fees and are waiting for days to collect the proceeds from their sales.
With this new closed-loop payment network, users will quickly and easily sign up via mobile app for free. As part of the sign-up process they will link their debit card as the method of funding the virtual card and wallet in real-time. Merchants will receive same day settlements in a partner bank dedicated account issued to each merchant. As well XTM is incorporating its industry leading Know Your Customer ("KYC") technology into the application to enable users to be screened for age and identity validation, dramatically reducing chargebacks and fraud. As part of the rollout of the program each user will be delivered a physical card allowing for purchases to be made at bricks and mortar locations and will also allow access to a cash load network.
The Company has already received interest from other parties looking for the solution and expects to board a significant number of merchants before the end of the year. With the current annual run rate sales of the other party and expected percentage of sales to be migrated to the platform coupled with a few additional merchants, the Company anticipates to be processing in excess of $50M in run-rate annual volume and 500K transactions per month by the end of the year.
XTM is looking forward to providing a positive customer checkout experience using CaliCard.com that is real-time, fully compliant and cashless and expects this will in turn significantly increase efficiencies, sales volumes and net margins for merchants.
Further details regarding the product and launch date will be announced shortly and updates will be posted on the dedicated web site www.CaliCard.com.
Australis Capital Inc. (CSE: AUSA) (OTC: AUSAF) and its subsidiary Cocoon Technology announced the installation of CocoonPod self-service kiosks at THRIVE Cannabis Marketplace at 2755 W Cheyenne Ave, 103, North Las Vegas, NV, the first of eight locations operated by THRIVE. The launch is a positive step towards the Company's continued commitment to U.S. focused cannabis operations. Installations at the remaining seven locations are anticipated in the coming months.
"We are very pleased to have completed our first installation with THRIVE, especially with the challenges and delays Covid-19 has presented," said Max Aceituno, Chief Marketing Officer of AUSA. "Covid-19 has increased awareness and the need for social distancing and safety measures. As dispensaries begin the initial phases of reopening, CocoonPod helps mitigate the associated safety concerns while expediting the shopping experience."
Cocoon Technology's CocoonPod, CocoonCove, and CocoonRewards delivers interactive unattended kiosks for consumers and retailers with rich feature functionality encompassing mobile, order ahead, online delivery, loyalty, rewards, data analytics, e-wallet, ATM functionality, and cash recycling technology. Built on a cloud-based platform, Cocoon integrates with dispensary Enterprise Resource Planning (ERP) systems allowing for seamless operational efficiencies and revenue generation.
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