Investor Ideas Potcasts #554 Cannabis News and Stocks on the Move: Happy 4/20! (CSE:XTRX) (TSX: CWEB) (OTCQX: CWBHF), (OTC: HIPH), (OTC:VSYM) (OTC: BSPK)
Delta, Kelowna, BC - April 20, 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 #554 Cannabis News and Stocks on the Move: Happy 4/20! (CSE:XTRX), (TSX: CWEB) (OTCQX: CWBHF), (OTC: HIPH), (OTC:VSYM) (OTC: BSPK)
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.
Today's podcast is sponsored by Phyto Extractions Inc. (CSE:XTRX), an agricultural-scale cannabis extraction, distillation and product manufacturer located in Langley, BC at its co-located Health Canada Licensed Standard Processing (extraction, no cultivation), Sales (extracts, topicals, and edibles) through Adastra Labs Inc. and Analytical Testing Laboratory through Chemia Analytics Inc. Adastra Labs also has a pending Health Canada R&D license amendment.
Happy 4/20, in today's podcast we look at a few private and public company announcements.
But first, the cannabis industry got an early 4/20 present yesterday as lawmakers in the U.S. House of Representatives approved the Secure and Fair Enforcement (SAFE) Banking Act (H.R. 1996) in a floor vote of 321-101. This legislation would prevent federal regulators from punishing financial institutions that provide services to state-legal cannabis businesses. Currently, most banks are unwilling to work with the cannabis industry because they fear federal prosecution.
The SAFE Banking Act previously cleared the House in 2019. The language of the bill was also included in two rounds of COVID-19 relief packages that were approved by the House. A version of this legislation has been introduced in the Senate (S. 910) and currently has 32 cosponsors.
Statement from Steve Hawkins, executive director at the Marijuana Policy Project:
"This vote marks a meaningful first step in establishing a more equitable cannabis industry and improves the likelihood that other cannabis legislation will advance at the federal level.
"Restricting cannabis businesses from accessing financial services creates an unnecessary burden for the industry and limits economic growth. If enacted into law, the SAFE Banking Act would strengthen efforts to increase the diversity of the cannabis industry by providing resources for those with limited access to capital and increasing the chances of success for state-level social equity initiatives. Further, it would protect the 321,000 employees directly affected by the cannabis industry's lack of access to financial services."
Steve Hawkins is both the Executive Director of the Marijuana Policy Project and the Interim President of the U.S. Cannabis Council.
Charlotte's Web Holdings, Inc. (TSX: CWEB) (OTCQX: CWBHF), a certified B Corporation and the market leader in hemp CBD extract products, today announced that three of its proprietary hemp cultivars were approved for registration on Health Canada's List of Approved Cultivars for outdoor cultivation in Canada. These are among the first hemp CBD cultivars on the LOAC that are early flowering and early maturing for outdoor cultivation and harvesting within the shorter Canadian growing season. The approved cultivars include the Company's original "CW1AS1" U.S. patented genetics, clearing the way for Charlotte's Web to cultivate its leading CBD wellness products in Canada in 2021. Currently, Charlotte's Web Products are not easily available in Canada because laws do not allow for bulk importing of USA grown hemp CBD or related products into Canada.
"Today, Charlotte's Web is the leading hemp wellness company in the U.S. with the most recognized and trusted hemp CBD extract," said Deanie Elsner, Charlotte's Web president and CEO. "We aspire to be the world's leading botanicals wellness company, entering countries with an asset light model where federal laws permit hemp extracts for health and wellness. Israel and Canada are included in the first steps of our international expansion."
In addition to the Company's CW1AS1 cultivar used for its leading Original Formula and other full-spectrum hemp extract products, Charlotte's Web is bringing two early maturing hemp varieties to Canada - named "Duchess" and "Ambassador" - developed for cultivation in shorter northern climate growing seasons.
Charlotte's Web's approved cultivars are three of 15 added to the 2021 LOAC. "The majority of approved cultivars on the LOAC to date have been for industrial hemp grown to produce food, fiber, and animal feed. Now our approved cultivars are paving the way for full-spectrum hemp CBD demand in Canada and most importantly, will provide access to Charlotte's Web products in Canada," explained Jared Stanley, co-founder and chief cultivation officer of Charlotte's Web.
Despite Canada being one of the first countries to federally legalize the sale of cannabis, the hemp CBD wellness category is underdeveloped in Canada, with limited offerings of quality full-spectrum hemp extract products. Most CBD products in Canada are produced from cannabis with THC levels well above 0.3% which have an intoxicating effect. Charlotte's Web hemp cultivars are cultivated below 0.3% THC, resulting in full-spectrum extracts with wellness benefits, but without the intoxication from THC.
Currently, Health Canada treats hemp CBD under the same regulatory regime as cannabis THC. The Canadian hemp industry is lobbying the Canadian federal government to change the regulations for hemp CBD to a natural health supplement that could be added to food, drinks, cosmetics and other wellness products. Hemp CBD products could then be sold in all types of retailers across Canada, which would help meet demand for the product. In September 2020 a report prepared by the Institute of Fiscal Studies and Democracy (IFSD) concluded that if Ottawa regulated CBD like regular health products it would open an annual market worth more than C$2 billion with immense potential for exporting CBD to other countries.
Harvest Brothers Corp, a Canadian start-up dedicated to the distribution of products for home cannabis cultivation, today announced its first distribution agreement with Robonica, the producer of Linfa, the world's leading cannabis grow box.
"We chose Linfa," said Paolo Levi, CEO of Harvest Brothers Corp, "after an exhaustive review revealed that Linfa produces higher quality cannabis at lower cost than any other grow box. Plus it is the easiest to use, so small it can fit almost anywhere, and looks great."
"We are happy to have reached a distribution agreement for North America with Harvest Brothers Corp," added Harald Cosenza, founder of Robonica. "Our products are already used by more than a thousand happy European growers and now we are able to offer them to the North American market. Linfa is even more useful in Canada, where the climate means it is not easy to have harvests available all year round."
Linfa is a smart, hydroponic cannabis grow box that makes it easy for anyone to grow cannabis at home:
- Grow all year round and harvest every two months
- Simple and intuitive: no green thumb required!
- Automatic cultivation management
- Grow up to 4 plants simultaneously
- Wi-FI and Webcam to follow your cultivations remotely
- Stylish Italian design
- Small, can fit almost anywhere
- Healthy: no pesticides
Linfa's high quality cannabis is produced thanks to a special app that allows you to monitor the growing process through your mobile phone. Linfa has an onboard computer and a webcam capable of photographing the status of the plants under cultivation and informing the user, through a mobile notification system, of how to achieve a successful harvest in a completely automatic way.
The product is compact in size (59x52x35 cm, or 31x15x11 inches) and can be installed in 15 minutes by anyone in any size apartment.
Its hexagonal shape, white color and attention to detail make Linfa a product not only easy to use but beautiful and pleasant to have in the home.
Now Canadian home cannabis growers will be able to appreciate the advantages of Linfa, until now available only in Europe.
In celebration of 4/20, the price this week is $899 CAD, discounted from the regular price of $1,099 CAD.
American Premium Water Corporation (OTC: HIPH) announced it has come to terms on the acquisition of licenses to distribute and retail hemp cannabinoids in the State of New York as part of the State's program to establish quality control standards on the industry. The Company expects to close the transaction by the end of the 1st half 2021. (Disclosure: The Company acquired these licenses from a New York entity that was owned by CEO, Ryan Fishoff. The proposed consideration for the licenses is nominal.)
According to a report released by Grandview Research, New York State's cannabis market is expected to be worth over $7 billion by 2025. The New York State hemp cannabinoid program oversees the licensing of processors, distributors, and retailers, setting quality control standards that all hemp products must meet including manufacturing, packaging and labeling and laboratory testing requirements.
Ryan Fishoff, CEO of American Premium Water, commented, "I am excited to announce that the Company is set to acquire licenses to distribute and retail Hemp Cannabinoids in the State of New York. This is significant for the Company, as it further positions us to be dominant players in the Northeast. I feel that New York will become our hub for selling activities in the region. It is also my home state and I know from firsthand experience how under developed the CBD and Hemp market is in the city (and region); there is a huge opportunity to establish significant market share out of the gate. Getting these licenses allow us (The Company) to establish a foothold and further distinguish us from other companies trying to enter the space. The retail license could be utilized to partner with a non-CBD company to collaborate on retail installations and pop-up shops. There are a lot of empty storefronts in Manhattan and I believe there is great opportunity to capitalize off of this.
"Today is 4/20 and we are excited to celebrate it with this news. This announcement is a kickoff for the commercial launch of our joint venture with CaliBear. The Company is excited to begin selling CaliBear CBD products in the coming weeks. The Company will be doing a number of promotional activities and announcements in the coming weeks to prepare for the online and retail launches. Our distribution partner, Just Logistics, is excited to work with us on the initial rollout to smoke shops throughout the Northeast corridor. The Company is also engaged in discussions with other distributors along the east and west coasts to carry CaliBear CBD products. It's an exciting time and the CaliBear team of influencers have hit the beach, participating in Olympic qualifying tournaments in Cancun. We have also begun reaching out to non-CBD companies to explore partnership opportunities to expand the reach of the CaliBear brand, and increase sales. Having the Hemp Cannabinoid licenses will be an asset in these conversations and I look forward to getting creative with these partnerships to further distinguish the brand not only in the Hemp/CBD space, but become a market leader in the performance lifestyle segment. I encourage shareholders and investors to keep their eyes open for announcements in the coming weeks as preparations for the CaliBear retail launch heat up like the temperatures outside!" concluded Mr. Fishoff.
View Systems, Inc.'s (OTC:VSYM), Sannabis S.A.S., a Colombian cannabis company, announced the development of a new product to supply the food and beverage industry with Cannabis flavorings. For several years Sannabis has been producing an essential oil with a mystical therapeutic essence that captivated users with the pure aroma and flavor of the botanical components of Cannabis. Sannabis redeveloped its essential oil into a Non-THC raw material that can be used by food and drink companies to flavor potentially hundreds of different products.
Recently PepsiCo announced their Rockstar Energy launched a line of hemp-infused drinks in Germany with an "intense Hemp flavor." PepsiCo says, "With outstanding category growth of 58% compared to the previous year, hemp products are the trend of the year for 2021 in the FMCG sector."
Sannabis aims to be a major supplier of not only the essence for this Food and Beverage Revolution, but also the hempseed oil needed to make these products. A large part of the smells and aromas associated with plants are due to the presence of terpenes and flavonoids. As opposed to Cannabinoids (CBD) with no smell or odor. Terpenes serve several functions in the plant to protect it from predators. Terpenes are compounds responsible for the aroma and flavors of cannabis, and support cannabinoids in producing desired effects. Flavonoids are similar to terpenes in that they contribute to a plant's aroma and flavor profile, but may offer their own unique therapeutic effects.
Sannabis believes the cocktail market to be a huge opportunity for them, they will approach makers of spirits and other beverages interested in enhancing their offerings with therapeutic effects. Companies interested in working with Sannabis should contact the company at firstname.lastname@example.org.
Recently Sannabis launched its "Holy Essence" product at top Salsa Dance Club in Cali-Colombia. Sannabis' Holy Essence is added to the drink glass before the drink is poured, then on the rim to give the user a pure therapeutic essence and aroma without altering the taste of their cocktail.
Last week, Sannabis announced approval by an Inspector from Colombia's Ministry of Agriculture of their Seed Bank facilities in anticipation of the Granting of a coveted Cannabis Seed Use License. Sannabis intends to work with the companies in the food and beverage industry interested in developing unique cannabis flavors and aromas by developing unique strains for their products.
"I believe cannabis flavorings will be a HUGE market because it takes 2 pounds of cannabis to produce 5 ml of Cannabis Essential Oil, I believe Colombia is the only country that can produce it at scale to provide this raw material at a cost affordable to the average consumer. It also can command a premium for bars and restaurants to charge their customers to add to their cocktails," stated John Campo, President of View Systems, Inc. and co-founder of Sannabis.
Bespoke Extracts, Inc. (OTC: BSPK), producer of high quality, hemp-derived CBD products, today announced that the Company has teamed with LEAF411™, a nonprofit, nurse-staffed information hotline to provide Bespoke customers with a free, qualified educational resource for information relating to the safe use of high quality, hemp-derived CBD products.
Founded in 2019, LEAF411 is a 501(c)(3) nonprofit operating a free cannabis-trained nurse hotline. Its mission is to provide education and directional support to the general public about the safe use of legal cannabis (marijuana and hemp). Its team of cannabis-trained nurses are passionate about helping consumers access balanced education about legal cannabis use while also improving public perception of the cannabis industry. The toll-free number to contact LEAF411 is 844-532-3411.
"As a provider of high quality CBD formulations for health and wellness-minded consumers, Bespoke is pleased to be partnering with LEAF411 to provide our customers with a trusted medical resource capable of addressing questions or concerns they may have relating to their use of CBD and other hemp-derived cannabinoids. Our Company underwent a vigorous due diligence process with LEAF411 to affirm that Bespoke meets their high standards for CBD manufacturers and which shares their commitment to quality, safety and service excellence. As such, we are very proud to be included among their vetted members who are making this invaluable information resource available to our respective customers," stated Danny Pollack, Chief Executive Officer of Bespoke Extracts.
Once again, today's podcast is sponsored by Phyto Extractions Inc. (CSE:XTRX), an agricultural-scale cannabis extraction, distillation and product manufacturer located in Langley, BC at its co-located Health Canada Licensed Standard Processing (extraction, no cultivation), Sales (extracts, topicals, and edibles) through Adastra Labs Inc. and Analytical Testing Laboratory through Chemia Analytics Inc. Adastra Labs also has a pending Health Canada R&D license amendment.
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