Investor Ideas Potcasts #523, Cannabis News and Stocks on the Move; (TSX: WEED) (NASDAQ: CGC) (OTC: PURA) (OTC: ALKM) (TSXV: ELXR)
Delta, Kelowna, BC - January 27, 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 #523, Cannabis News and Stocks on the Move; (TSX: WEED) (NASDAQ: CGC) (OTC: PURA) (OTC: ALKM) (TSX-V: ELXR)
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.
Following the release of its third quarter fiscal 2021 financial results, Canopy Growth will host an audio webcast with David Klein, CEO and Mike Lee, EVP & CFO at 10:00 AM Eastern Time on February 9, 2021.
A live audio webcast will be available at:
A replay will be accessible by webcast until 11:59 PM ET on May 10, 2021 at:
The American Trade Association for Cannabis and Hemp (ATACH) announced the formation of ATACH's Cannabis Beverage Council.
The Council will bring together the most established cannabis and beverage leaders focused on expanding the cannabis beverage market. The canna-drink market doubled over the past two years according to cannabis-industry analytics firm Headset's 2019 cannabis beverage report. BDSA Analytics cites the canna-beverage market as making up 5 percent of overall cannabis sales in the United States and 23 percent in Canada, suggesting further U.S. growth.
"The Council is where cannabis industry leaders and beverage companies convene and forge a new beverage market by harmonizing canna-beverage policies across the country," said ATACH President Michael Bronstein.
Following are quotes from Council members:
David Klein, Canopy Growth CEO and ATACH's "Beverage Executive of the Year"
"Traditional players in wine, beer, and spirits are seeing the trajectory of cannabis and its potential as a beverage category today through the introduction of cannabis-infused drinks. Regulatory guidance and standardization of pro-business policy across states will be essential for the industry as we grow this category. The Council will provide leadership to help advance the industry as our companies seek to meet growing consumer demand."
Adolphus Busch V, founder of ABV Cannabis Co.
"I know what the end of prohibition looks like for cannabis, my family helped shape it in the alcohol industry. I am convinced that ATACH's work on professionalizing outreach and creating advocacy for the cannabis beverage category is how it will get done."
Scott Coors, business entrepreneur and Board of Directors, SeroVita Holding Corp.
"At the repeal of alcohol prohibition in the 1930s, the industry came together to create an industry effort and agree on responsible consumption, policies, and best practices. ATACH's new Council for cannabis beverages is modeled after this concept, which is why I am a part of this historic moment."
Christy Zhou, Vice President, Legal and Regulatory Affairs at Organigram
"The maturing cannabis consumer and even traditional alcohol consumers may explore cannabis-infused drinks and drink mixes as an alternative consumption option. These beverage products can differ from traditional solid edibles in their format and effects, and as such, should be approached thoughtfully from a regulatory perspective. As early adopters, it is our duty to help shape regulations such that they encourage the development of responsible and innovative beverage products."
In a video compilation, founding members speak to the goals and vision of the Council which can be viewed here.
Other founding members: Erik Knutson, CEO and Co-founder of Keef Brands, Bill Silver, President of New Markets at Cannacraft, Chuck Smith, CEO of BellRock Brands, Koji Pupo, Vice President of Business Development, Columbia Distributing, Gary Kaminsky, Director of Legal Compliance, Acreage Holdings, Jake Bullock, Co-founder CANN, and Josh Lizotte, CEO of Rebel Coast, with more to be announced.
Puration, Inc. (OTC: PURA) today announced sales of the company's EVERx CBD Sports Water remain strong. The company reported over $2 million in annual sales in 2019 and anticipates exceeding $2 million in sales for 2020 after reporting $1.9 million through Q3 2020. With EVERx sales remaining resilient in the face of COVID-19 challenges to the global economy, PURA management anticipates continued EVERx CBD Sports Water sales growth in 2021.
PURA owns a license to a U.S. Patented cannabis extraction process backed by extensive university medical research. The license, issued by NCM Biotech, is exclusive for beverages, edibles and cosmetics among other uses. NCM Biotech is focused on medical research and Puration has access to that research.
Alkame Holdings, Inc. (OTC: ALKM) currently bottles PURA's EVERx CBD Sports Water. As part of a growing partnership, PURA has recently acquired a five percent stake in ALKM. In conjunction with that growing partnership, ALKM and PURA plan to pilot the production of multiple new CBD infused consumer products.
ALKM and PURA recently announced the two companies plan to produce and test market a CBD infused liquid sugar, a CBD infused pet food supplement and a CBD sexual wellness flavored lubricant.
Elixxer Ltd. (TSX-V: ELXR) (OTCQB: ELIXF) announced its latest achievements of its largest holding Little Green Pharma Ltd. (LGP). LGP has achieved the following major milestone validating their investment:
The French Agency for the Safety of Medicines and Health Products (ANSM) has selected Little Green Pharma as 1 of 4 companies that will supply France's medical cannabis pilot program. Under the program, participants will be provided with free products to patients that enol in the trial. LGP will be a both a main & substitute supplier for CBD sublingual oils.
Currently Elixxer holds 27.4M shares of LGP and as of January 27, 2021 the closing price was $0.64 per share on the ASX, click link: LGP Share Price
Elixxer will update the investors via press release on further developments from its holdings.
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