Investor Ideas #Potcasts; #Cannabis News
and Stocks on the Move; Bill C-45, TSX:
$WEED.TO, TSX: $ACB.TO, CSE:
$LIB.C , CSE: $VGW.C, New Listing -Livewell Canada
Pt. Roberts, WA; Delta, BC –June 20, 2018
(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 edition of
its new series, Investorideas.com potcastsCM - cannabis news and stocks to
watch plus insight from thought leaders and experts.
Listen to the podcast:
Read this in full at http://www.investorideas.com/news/2018/cannabis/06206Potcasts-BillC45WEEDACBLIBVGWLivewellCanada.asp
Today’s podcast overview/transcript:
Good afternoon and welcome to another Investorideas.com potcast ;
looking at cannabis news, stocks to watch as well as insights from thought
leaders and experts. Today’s podcast features news from Canopy Growth Corporation (TSX
: WEED and NYSE: CGC), Aurora Cannabis Inc. (TSX: ACB and OTCQB: ACBFF) , Liberty Leaf Holdings Ltd. ( CSE: LIB and OTCQB as LIBFF), Valens GroWorks Corp. (CSE: VGW ) and new upcoming cannabis listing this week, Livewell Canada Inc.
But first
today, the Government of Canada welcomed the final vote on Bill C-45, the Cannabis Act, in the Senate as
an important step in the process of legalizing and strictly regulating cannabis
in Canada. The Act is currently awaiting Royal Assent.
Two years
ago, the Government of Canada launched the Task Force on Cannabis Legalization
and Regulation. Following extensive consultation with Canadians, provincial and
territorial governments and Indigenous communities, the Task Force presented
recommendations, which have served as the foundation for the Government's
legislative work. In April 2017, the Government introduced Bill C-45 with the
goals of keeping cannabis out of the hands of youth and keeping profits out of
the hands of criminals and organized crime.
The
Ministers of Justice, Health, and Public Safety and Emergency Preparedness also
confirmed that the date of coming into force of the Cannabis Act will be
announced shortly.
Once the Act
comes into force, adults who are 18 or 19 years of age and older (depending on
the province or territory) will be able to legally purchase, grow and use a
limited quantity of cannabis. Until that time, cannabis remains illegal in
Canada, unless authorized for medical or scientific purposes.
Canopy
Growth announced today the closing of its previously announced offering of
C$500 million aggregate principal amount of its 4.25% convertible senior notes
due 2023.
The initial
conversion rate for the notes is 20.7577 common shares per C$1,000 principal
amount of the notes, equivalent to an initial conversion price of approximately
C$48.18 per share. The Company intends to use the net proceeds from the sale of
the notes for supporting expansion initiatives and general corporate purposes,
including working capital requirements.
Aurora
Cannabis Inc. announced today that it intends to distribute units consisting of
shares and warrants of its subsidiary, Australis Capital Inc., to shareholders
of the Company by way of a return of capital.
The spin-out
of Australis will happen in the form of a distribution of units in Australis
Capital to resident holders of Aurora shares. Non-resident holders will receive
cash instead of units pursuant to the spin-out, priced at $0.25 per share.
Liberty Leaf Holdings Ltd. announced
that the Company has participated in Blox Labs Inc. () recently closed
non-brokered private placement financing for gross proceeds of
$1,111,650. The Company's total participation was for $50,000 comprising a
subscription for 666,667 common shares at $0.075 per share.
"Blox
is a tech development company focused on creating best-in-class software
solutions driven by emerging trends in blockchain, smart contracts and
decentralized applications. The Blox team is helping customers with solutions
for business problems from proofs of concept through execution," says Will
Rascan, President and CEO of Liberty Leaf Holdings Ltd. "Working with the
BLOX team is yet another link in our vision of vertical integration, uniting
all elements of the legal cannabis market – from cultivation, to processing,
distribution and selling a variety of cannabis products."
Valens GroWorks Corp., a
multi-licensed, vertically integrated provider of cannabis products and
services utilizing proprietary extraction processes, provided an update on
subsidiary Valens Farms' state-of-the-art, purpose-built 400,000 sq ft,
expandable (to 800,000 sq ft) cannabis cultivation and production facility,
currently under development.
Valens Farms is a $75,000,000
joint venture development of prime acreage with a purpose-built,
state-of-the-art, European GMP-certified cultivation center within the
municipality of the City of Armstrong.
·
Phase 1
buildout to 400,000 sq ft (permitted for up to 800,000 sq ft);
·
Zero cash
outlay for Valens, with Kosha contributing 100% of land, building and equipment
costs;
·
All hard
assets will be split 50/50 between Kosha and Valens, thereby providing $37.5
million of net assets to Valens' balance sheet with no cash outlay or liability
incurred;
·
Valens'
current Dealers License and GMP-certified facility in Kelowna is leveraged
through Valens Farms' production, enhancing opportunities to export cannabis
products internationally;
·
Initial crop
planting at joint venture facility is expected in Q4 2018, with Valens and
Kosha to split profits on a 50/50 basis following cost recovery by Kosha;
·
Valens Farms
is expecting Phase 1 production of up to 56,000 kg per year of premium monocrop
cannabis, primarily for extraction purposes. Monocropping minimizes grow time,
allows greater crop turnover, and is expected to enhance profit margins;
·
Subsidiary
Valens Agritech will extract cannabis all produced at Valens Farms for further
processing into higher-margin Valens-branded products for medical, as well as
the expected recreational cannabis markets in Canada and internationally.
LiveWell
Canada Inc. (formerly Percy Street Capital Corporation) announced
the completion of its qualifying transaction with LiveWell Foods Canada Inc. as
previously described in its news releases dated January 16, April 17, and May
31, 2018, and more particularly set out in its filing statement dated May 29,
2018, which is available under the profile of the Company at www.sedar.com. Additionally, the TSX Venture Exchange has
issued its final exchange bulletin confirming the completion of the QT after
yesterday's market close. Accordingly, at the opening on Thursday, June
21, 2018, the Company's common shares will commence trading on the TSXV as a
Tier 2 diversified industries issuer under the symbol "LVWL".
Investor ideas reminds
all listeners to read our disclaimers and disclosures on the
Investorideas.com website and this podcast is not an endorsement to buy
products or services or securities. Investors are reminded all investment
involves risk and possible loss of investment
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