Investor Ideas Potcasts #572, Cannabis News and Stocks on the Move (CSE: PLTH) (OTCQB: PLNHF), (NASDAQ: CRON) (TSX: CRON), (TSX: VLNS) (OTCQX: VLNCF)
Delta, Kelowna, BC - June 4, 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.
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Investor Ideas Potcasts #572, Cannabis News and Stocks on the Move (CSE: PLTH) (OTCQB: PLNHF), (NASDAQ: CRON) (TSX: CRON), (TSX: VLNS) (OTCQX: VLNCF)
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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 private and public company announcements.
Planet 13 Holdings Inc. (CSE:PLTH) (OTCQB:PLNHF), a leading vertically-integrated Nevada cannabis company, welcomes recently passed bill 341 allowing existing licensed dispensaries to operate a consumption lounge co-located with the dispensary. Planet 13 has reserved an expansive dedicated space within the Las Vegas SuperStore for a consumption lounge which it will look to get built as soon as possible.
"We are thrilled that after the long wait, Nevada will finally be home to consumption lounges. We've long believed that tourists needed a safe, legal, and enjoyable place to consume cannabis and have been planning for a consumption lounge at the SuperStore since the bill was originally proposed two years ago," said Bob Groesbeck Co-CEO of Planet 13. "Our SuperStore is one of the only dispensaries with the space on site and the proximity to the Las Vegas Strip to create a truly Vegas style club. As with the rest of our dispensary we look forward to setting the bar and showing the industry what is possible when your goal is to Out Vegas, Vegas."
Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON), an innovative global cannabinoid company, and Ginkgo Bioworks, Inc. ("Ginkgo"), which is building the leading horizontal platform for cell programming, today announced an amended collaboration and license agreement (the "Amended Agreement") that will enable the companies to accelerate the commercialization of cultured cannabinoids at scale.
The Amended Agreement with Ginkgo will enable Cronos Group to commercialize products using cultured cannabinoids ahead of reaching the originally stated productivity targets, while maintaining the incentives to continue to develop towards and achieve the previously agreed upon efficiency and cost goals. This approach is expected to facilitate Cronos Group's cultured cannabinoid products being first to market in Canada, which will drive significant market knowledge and consumer insights that are expected to help deliver future novel and innovative consumer-driven products. Cronos Group expects that the final productivity target for CBG will be achieved prior to September 2021, as previously announced.
The Amended Agreement follows the receipt of Cronos Fermentation's processing license in April 2021, and most recently the receipt of its CRA license. With the Amended Agreement and both licenses in hand, Cronos Fermentation commenced commercial production of CBG today. Cronos Group is prioritizing rare cannabinoids, such as CBG, and plans to sequence commercial production and subsequent product launches based on this approach.
"Beginning commercial production demonstrates the significant progress underway with our Ginkgo partnership and the competitive benefits we see in being first to market with innovative consumer products," said Kurt Schmidt, President and Chief Executive Officer of Cronos Group. "Cannabis holds many unique compounds with a wide range of potential use cases and benefits. By leveraging Ginkgo's research platform and our fermentation manufacturing capabilities, we believe we have disruptive technology that can deliver rare cannabinoids at scale and elevate the consumer experience."
"Biological manufacturing is unlocking access to important cannabinoids that can be scaled up and produced reliably, consistently and economically," said, Jason Kelly, Chief Executive Officer and Co-Founder of Ginkgo. "We look forward to continuing our work with Cronos to facilitate innovation bringing this powerful technology to the cannabis industry."
Goodleaf Company, the leading cannabis brand in South Africa, has merged with Highlands Investments, formerly Canopy Growth Africa, in a deal valued at almost $50million. The transaction has resulted in the largest vertically integrated cannabis operation in Africa, with an investment in excess of $25million to date.
"We are delighted to conclude this merger, and in doing so create Africa's first truly seed-to-sale offering," says Warren Schewitz, Founder and CEO of Goodleaf. "It's always been our intention to create a world-class global brand, and as we scale, access to high-quality supply is essential, which Highlands affords."
"This transaction brings together two of the biggest cannabis players in Africa," says Jody Aufrichtig, Founder - Highlands Investments. "Highlands is the first ISO 22000 grade cannabis producer in Africa, the quality of our product is world-class, this combined offering will enable us to make significant inroads globally, because we can compete both on quality and price."
Goodleaf, a premium CBD brand, has commercialized a portfolio of 30 products in multiple categories, and has well established distribution lines through retail stores, online, wholesale, and coffee shops in South Africa. Goodleaf's products will soon be exported to retailers in Asia and Europe.
"Consumers are demanding quality products with a known origin," says Schewitz. "Lesotho's pristine growing environment, combined with Highlands commitment to GACP ("Good Agricultural and Collection Practices") and ISO 22000 standards, ensures access to a reliable, certified high-quality supply."
Highlands has a track record of producing premium CBD flower. In April 2021 it concluded its fourth harvest in Lesotho, the outdoor harvest yielded almost six tonnes of premium cannabis; a significant portion is destined for the European medical cannabis market. Highlands will continue to supply bulk CBD and THC flower, distillate and isolate to global medical and wellness markets.
"This is a transformational transaction for Goodleaf as we have diversified our business into a fully seed-to-sale offering, strengthening our leadership position in the South African cannabis market. It provides a low cost production base for our product range as we expand into global markets," Schewitz concludes.
Under terms of the transaction, Highlands' shareholders will have 35% shareholding in the merged entity, with Goodleaf being the majority shareholder at 65%. The merged entity will continue to trade as Goodleaf and Highlands Investments.
The Valens Company Inc. (TSX: VLNS) (OTCQX: VLNCF), a leading manufacturer of cannabis products, announced that it has launched several new products in partnership with Verse Cannabis in the flower, pre-roll, concentrates, and edibles categories. With the continued launch of next-generation, high quality cannabis products across various categories, Valens continues to partner with Verse to further its mission to provide all Canadians with best-in-class formulations in innovative formats at value price points.
The new products launched under the Verse Originals line include BC God Bud Flower, Dreamweaver Pre-Rolls and Amp Pre-Roll, in addition to the Double Chocolate Brownie – one of the first confectionery products of its kind to hit the Canadian recreational market. Additionally, the newly launched Killer Kush Live Terp Vape Cartridge and Hash will be available as part of the Verse Concentrates offering. The launch of these new products marks Valens' entry into the flower and pre-roll categories, an offering expansion at the request of its customer base which is represented by many leading cannabis companies in the country. Additionally, the Company has expanded its concentrates product offering in the market to include hash and live terp vape cartridges.
"With these new additions to the Verse Originals and Verse Concentrates lines, Valens now has products across all cannabis categories in the Canadian recreational market," said Tyler Robson, Chief Executive Officer, Co-Founder and Chair of The Valens Company. "With our proven ability to create innovative products across all categories, we have not only increased our total addressable market in Canada, but now hold the capability to increase partnership opportunities with our enhanced product offering, reach more consumers with our expanded distribution network, and elevate both the quality and value of products in the Canadian market today."
Verse Originals dried cannabis products are formulated using premium BC grown bud, available at an attractive price point without sacrificing quality.
BC God Bud Flower
Offered in a 28g pouch, the indica-dominant flower originates from the Purple Kush lineage and features tropical fruit flavours with undertones of berry, lavender and pine. BC God Bud Flower is expected to be available in Alberta, British Columbia, Manitoba, Saskatchewan and New Brunswick in the coming weeks, and Ontario in the third quarter of 2021.
BC Dreamweaver Pre-Rolls
Housed in a recyclable metal tin, the 10-pack indica-dominant 0.35g pre-rolls are flavoured with hints of citrus and tastes of fresh, earth berries from the OG Kush lineage. The BC Dreamweaver Pre-Rolls are expected to be available in the coming weeks in Alberta, British Columbia, Manitoba, New Brunswick and Saskatchewan, and coming to Ontario in the third quarter of 2021.
Carefully milled, mixed and packed for an enjoyable steady burn, the 1g Amp Pre-Roll contains a uniquely curated blend of complementary strains with an energetic, intense and vibrant flavouring. Each pre-roll is machine slim-rolled using proprietary technology containing moisture sensors and a weight system to ensure product consistency, size and shape within the manufacturing process. Packaged in a convenient, reusable flip top single package, the Amp Pre-Roll is expected to be available in Alberta, British Columbia and Saskatchewan in the coming weeks and coming to Manitoba in the third quarter of 2021.
Double Chocolate Brownie
Following the success of the Baked Apple and Sour Medley Soft Chews introduced to the market in the first quarter of 2021, Verse Cannabis has launched its third edible product under the Verse Originals line, the Double Chocolate Brownie. Infused with a decadent chocolate ganache and expertly crafted by the team at LYF Food Technologies, the 1-unit x 10mg Double Chocolate Brownie is one of the first confectionery products of its kind to be available in the Canadian recreational market. The Double Chocolate Brownie is expected to be available in Ontario in the third quarter of 2021 as part of a growing selection of soft chews and confectionery products from Verse Cannabis.
The Verse Concentrates premium line of solventless concentrates continues to expand to include two new formats created with traditional techniques to ensure exceptional quality and remarkable consistency in the manufacturing process.
Killer Kush Live Terp Vape Cartridge
The first to launch in a series of Live Terp products from Verse Concentrates, the Killer Kush Live Terp Vape Cartridge is curated using a specialized method of CO2 extraction to carefully remove the complete terpene rich profile of fresh, flash-frozen ultra-premium and BC sun grown Killer Kush cannabis. Through this process, the fresh live terpene and cannabis profile of the strain is maximized, translating the essence of the living plant into an extract comprised of exotic notes and deep profiles. Now available in Alberta, British Columbia and Saskatchewan, the Killer Kush Live Terp Vape Cartridge is expected to be coming soon to Ontario, Manitoba and New Brunswick.
With a dense but pliable consistency, Verse Hash contains a unique mix of terpenes that deliver a bold nose of earthy, pine with light peppery undernotes. Verse Hash is offered in a convenient 2g format packaged in a resealable pouch for freshness, and is expected to be available in Alberta, British Columbia and Saskatchewan in the coming weeks.
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