Investor Ideas Potcasts #520, Cannabis News and Stocks on the Move; (TSXV: VIS) (NASDAQ: JVA) (TSX: AH) (OTC: ALEAF)
Delta, Kelowna, BC - January 21, 2021 (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 #520, Cannabis News and Stocks on the Move; (TSXV: VIS) (NASDAQ: JVA) (TSX: AH) (OTC: ALEAF)
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 will be looking at a few public company announcements.
Visionstate Corp. (TSX-V: VIS) announced that it has entered into a non-binding Memorandum of Understanding with Edmonton-based Freedom Cannabis Inc. to pursue strategic opportunities in business and technology development.
The MOU provides a basis for which the two companies can collaborate to pursue opportunities, including the introduction of Visionstate IoT Inc.'s proprietary Internet of Things (IoT) technology to the cannabis sector.
"We are extremely pleased to have entered into this MOU with Freedom Cannabis," said Visionstate CEO John Putters. "It is a demonstration of the versatility of our Wanda IoT platform that has typically been sold to the building management sector. This relationship opens the door to an entirely new industry."
"After observing the evolution of the cannabis sector, we decided that now was the right time to leverage and develop IoT technology to improve productivity and fulfill the industry needs," said Freedom Cannabis CEO Johnfrank Potestio. "The IoT will align neatly with our processes and enable the next stages of operational innovations."
Visionstate's IoT technology, branded under the name Wanda, is currently deployed throughout North America in diverse settings, including hospitals, airports, casinos, office building and shopping centres, to name a few. Wanda is designed to track and monitor cleaning processes and protocols using sensors and IoT devices.
For the cannabis sector, the technology will be tailored toward collecting data on routine processes, including the maintenance and sanitation records in grow rooms. Currently the tracking and stamping of employee tasks for most cannabis producers is paper based. This includes tracking of maintenance, pest control, defoliation, and cleaning and sanitizing rooms and equipment.
"Introducing our IoT technology to the cannabis sector opens new opportunities to diversify our customer base and expand our revenues," Putters explained. "Cannabis producers all face similar challenges in automating operations, so the application is relevant to virtually any licenced producer."
The MOU also paves the way for the two companies to explore other opportunities in business and technology. The relationship is solidified by the fact that Visionstate Corp. is an existing shareholder of Freedom Cannabis Inc.
According to the Financial Post the estimated value of the cannabis sector in Canada will be $5 billion in 2021.
Coffee Holding Co., Inc. (Nasdaq: JVA), a leading integrated wholesale coffee roaster and dealer in the United States, today announced that The Jordre Well, LLC, the Company's 49%-owned hemp and CBD beverage company, has submitted 14 different CBD-infused coffee samples to Columbia Laboratories for analysis and testing.
From cannabis compliance to nutritional fact labeling, Columbia Laboratories is expected to apply the highest quality control standards and review to assure accurate data and reliable reporting, including dietary analyses, pesticide and residues testing, environmental testing, cannabinoid content, shelf life and stability studies. This testing is intended to ensure that the CBD-infused coffee products The Jordre Well has been formulating will meet the Company's stringent quality control standards.
"Ensuring the highest level of consistency and quality is our number one goal," commented Ian James, founder of The Jordre Well. "Coffee consumers demand a homogeneous drinking experience without the taste or smell of hemp, and that's just what we've formulated. Upon completion of these tests, we intend to move into the next phase of commercial scaling to provide consumers high-quality, great tasting hemp CBD infused coffee."
The Company's flagship dark roast Latin espresso brand, Café Caribe, as well as its gourmet coffee brand, Harmony Bay, are expected to be the first two Coffee Holding Co., Inc. brands to offer CBD-infused line extensions, along with Joey Kramer of Aerosmith Rock N Roast coffee including Sumatra, Guatemala and Ethiopian flavors which will be made available for consumers as soon as possible online in single-serve cups and more.
"The product development cycle for Café Caribe and Harmony Bay's CBD-infused SKUs has been moving at a rapid pace since the Company acquired 49% of The Jordre Well last October," commented Andrew Gordon, Chief Executive Officer of Coffee Holding Co., Inc. "We are now in the final stages of product refinement for the CBD infused line extensions and look forward to making these products available for sale as soon as possible."
Unifor and Aleafia Health Inc. (TSX: AH) (OTC: ALEAF) announced that they have entered into an exclusive 10-year agreement to support union members, retirees and their eligible dependents who receive medical cannabis insurance coverage through Unifor's collective bargaining agreements.
"Unifor members across the country deserve access to the benefits of medical cannabis coverage through their benefits. As a union we will support our local bargaining committees to add this coverage where possible," said Jerry Dias, Unifor National President.
The agreement supports a historic breakthrough in access to legal cannabis in Canada.
Aleafia brings unique national scale, organization and expertise to provide union members, retirees and their eligible dependents with access to medical cannabis product insurance reimbursement and physician-led cannabinoid therapy.
"This agreement will provide thousands of union members and their families with improved and affordable access to medical cannabis care, and ultimately be one of the largest breakthroughs in patient access since the early days of legalization in Canada," said Geoffrey Benic, Aleafia Health CEO. "Our dedicated team of medical professionals and program managers are excited to begin working directly with Unifor members and launching this program."
Through its subsidiaries, Aleafia Health provides an enhanced level of service not available through any other Canadian cannabis company. Members will receive a customized wellness regime, including cannabis education, virtual physician consultation, medical authorization, when appropriate, product ordering and scheduled home delivery, all in one business day.
- Physician Expertise: Aleafia Health is a pioneer in cannabinoid therapy in Canada, providing care to over 75,000 unique patients. This has also provided actionable data on best practices on dosing, modes of intake, strain selection and patient safety, resulting in peer reviewed research published in medical journals. Best in class electronic medical records systems also allow close collaboration between Canabo physicians and Unifor members' family doctor.
- Virtual Consultation: Canabo today serves patients in every province of Canada. Since the beginning of Covid-19, the Company has transitioned to completing 100 per cent of consultations online and over the phone, allowing patients to receive professional care from the safety and convenience of their homes.
- Product Portfolio: Through its flagship medical cannabis brand Emblem, members will benefit from access to a diverse portfolio of high-quality cannabis formats, including oils, capsules, sprays, sublingual strips, vapes and exclusive dried flower cultivars. In addition, the Company looks forward to releasing a new line of CBD wellness products, which includes formats not yet available in Canada.
- Scheduled Same Day Delivery: Through its AssureHome Delivery platform, Unifor members can order and will receive their medical cannabis order that evening, with best in class delivery times.
As Canada's largest private sector union, Unifor represents over 315,000 members across every sector of the Canadian economy. Aleafia Health, a global cannabis health and wellness company, has provided over 75,000 individual patients with cannabinoid therapy through its national network of clinics, along with access to high-quality, federally regulated medical cannabis products.
The California Cannabis Industry Association (CCIA), a statewide nonprofit that promotes the growth of a responsible and legitimate cannabis industry, announced that it is offering its members exclusive access to banking through the North Bay Credit Union (NBCU).
Since California legalized cannabis, operators have faced significant struggles with banking and payment services given the federal government's continued ban on cannabis products. CCIA's goal in partnering with NBCU is to alleviate the banking obstacles that cannabis operators face, so they can focus on their core business.
CCIA's 400 cannabis industry members will qualify for membership in the credit union and access to banking services such as checking accounts, online bill payment, wire transfers, and ACH processing. Employees of CCIA members are also welcome to join as individual members of the credit union.
The cannabis market in California generates annual revenues of $5.6 billion, which accounts for more than 10% of the entire $52 billion national cannabis market. And sales in California are projected to reach $7.2 billion by 2024. Additionally, the industry employs nearly 40,000 people in California at some 7,400 cannabis businesses.
CCIA Executive Director Lindsay Robinson said this partnership presents a huge benefit to CCIA members. "Our goal is to alleviate the challenges that small businesses in the cannabis space face when it comes to banking. We look forward to working with the North Bay Credit Union to ensure our members receive the banking services they need to conduct business safely and efficiently."
North Bay Credit Union's CEO, Chris Call said that the credit union and CCIA share a common goal to ensure cannabis businesses, which represent a significant economic sector, receive access to the support they need to succeed.
Call said that "We have been impressed with CCIA's commitment to help California cannabis operators thrive through lobbying efforts and educational resources which aligns with our own mission of promoting local economic growth. We've been a national leader in offering the cannabis industry access to banking services. We are honored that CCIA has selected us as a partner to serve their members.
CCIA was formed to promote the growth of a responsible and legitimate cannabis industry and work for a favorable social, economic, and legal environment for their industry in California. CCIA represents over 400 businesses and approximately 15,000 employees.
North Bay CU has over $100 million in assets and offers a full range of loans, including mortgages, vehicle loans, home equity loans, agricultural loans and private student loans. The credit union is federally insured by the NCUA.
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