Investor Ideas #Potcasts #Cannabis News
and Stocks on the Move:
TSX: $WEED.TO, NYSE: $CGC, NYSE:
$STZ, TSXV $HEMP.V CSE: $MTEC.C, CSE: $ISH.C
Constellation
Brands invests a further $4 billion in Canada's cannabis producer Canopy Growth;
Cannvas MedTech Inc announces newly formed Education Advisory Panel; Inner
Spirit Holdings Ltd., announces it has begun processing and accepting
additional franchise applications for Spiritleaf stores in Ontario
Delta, Kelowna, BC –August 15, 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 series, Investorideas.com potcastsCM -
cannabis news and stocks to watch plus insight from thought leaders and experts.
Read this in full at http://www.investorideas.com/news/2018/cannabis/08151Potcasts-TSX-WEED-NYSE-CGC-STZ-HEMP-CSE-MTEC-ISH.asp
Today’s podcast overview/transcript:
Good morning and welcome to another Investorideas.com potcast – looking
at cannabis news, stocks to watch as well as insights from thought leaders and
experts.
Today we will be looking at announcements from Canopy Growth Corporation
trading on the TSX as WEED and the NYSE as CGC,
Constellation Brands trading on the NYSE as STZ, Hempco Food and Fiber Inc.
trading on the TSX-Venture as HEMP, Cannvas
MedTech Inc. trading on the CSE as MTEC and Inner Spirit Holdings Ltd.
trading on the CSE as ISH.
Constellation Brands, a leading beverage alcohol company, and Canopy
Growth Corporation, a leading diversified cannabis company, today announced a
significant expansion of their strategic partnership to position Canopy Growth
as the global leader in cannabis production, branding, intellectual property
and retailing.
Constellation Brands will increase its ownership interest in Canopy
Growth by acquiring 104.5 million shares directly from Canopy Growth, thereby
achieving approximately 38 percent ownership when assuming exercise of the
existing Constellation warrants. Constellation Brands is acquiring the
new shares at a price of C$48.60 per share, which is a 37.9 percent premium to
Canopy's 5-day volume weighted average price of the common shares on the
Toronto Stock Exchange ("VWAP"), and a 51.2 percent premium to the
closing price on August 14, 2018. Constellation will also receive
additional warrants of Canopy that, if exercised, would provide for at least an
additional $4.5 billion CAD to Canopy Growth.
As a result of the new shares Constellation is acquiring, Canopy Growth
will immediately upon closing have proceeds of approximately $5 billion CAD [$4
billion USD] to bolster its leadership position in the global cannabis
industry. This investment, the largest to date in the cannabis space,
will provide funds which Canopy Growth will deploy to strategically build
and/or acquire key assets needed to establish global scale in the nearly 30
countries pursuing a federally permissible medical cannabis program, while also
rapidly laying the global foundation needed for new recreational cannabis
markets. Canopy Growth's Canadian platform does not require additional
cannabis cultivation assets, and management views other jurisdictions,
including the United States, as strategic priorities requiring significant
capital.
Hempco Food and Fiber Inc. today comments on Health Canada's publication
of the Subsection 56(1) Class Exemption in relation to the use of hemp under
Industrial Hemp regulations (flowering heads, leaves and branches).
The exemption, published on August 10, 2018, enables companies with the
relevant licenses to commence using the whole hemp plant for commercial
purposes, which was prohibited under previous regulations. The exemption will
remain in place until the scheduled implementation of the Cannabis Act on October
17, 2018, which allows for whole plant utilization from that date onwards.
"This historic decision clears the way for whole hemp plant
utilization, a complete game changer for our industry, allowing Hempco to
develop new revenue streams in potentially very significant markets," said
Diane Jang, CEO of Hempco. "The exemption allows us and our strategic
partner, Aurora Cannabis Inc., to commence extracting CBD from hemp and develop
a new line of health products, a market with considerable potential."
Prior to implementation of the exemption, hemp growers were required to
discard a sizeable portion of the hemp plant as waste. Under the new
regulations, companies can immediately collect, harvest, dry and store
industrial hemp flower, buds, leaf materials and branches. These materials
contain very valuable raw materials that can be used to produce nutraceuticals
and health products. These are markets where sustainability principles and
health-related considerations are generating positive momentum for the adoption
of new raw materials, such as hemp, creating significant growth potential.
Cannvas MedTech Inc., a leading business
technology company in the cannabis space, announced the appointment of
Elizabeth Moniz and Tom Loutskou to the newly formed Cannvas Education Advisory
Panel. The Cannvas Education Advisory Panel will advise and set protocols for
the broad educational spectrum that Cannvas.me offers to the medical cannabis
industry.
"I am very pleased to welcome Elizabeth and Tom to the newly the
formed Cannvas Education Advisory Panel," said Steve Loutskou, Chief
Operating Officer, Global Markets, Cannvas MedTech Inc. "The Education
Advisory Panel will be made up of leading experts in the educational
development field and instrumental in the way Cannvas.me delivers education to
the medical cannabis world. Elizabeth (whose focus was Neuropsychology) and Tom
(who has a Masters in Education) bring extensive education and training
experience to our online medical cannabis platform. I look forward to working with
the Panel as we roll out a robust medical cannabis educational program with the
Cannvas.me platform."
Cannvas.me is a scalable and comprehensive solution for the global
medical cannabis community offering interactive tools and physician-backed
content to audiences wishing to learn about healthcare through cannabis. Its
Cannvas Academy, already guided by its Medical Advisory Board, will receive
additional oversight and direction from the Education Advisory Panel, made up
of highly qualified members from industry and government institutions.
Inner Spirit Holdings Ltd., a specialty retailer and franchisor
establishing recreational cannabis dispensaries across Canada under the
Spiritleaf brand, today announced that - following the news of the Ontario Government's
plan to permit private recreational cannabis sales - it has begun processing
and accepting additional franchise applications for Spiritleaf stores in
Canada's most populous province.
"Inner Spirit has been preparing for this very positive development
since the Ontario provincial election so we could seize this opportunity,"
said Darren Bondar, President & CEO. "We are extremely encouraged by
the interest we have received from many aspiring franchise partners. Our
team is excited to pursue expansion and has identified more than 100
territories to grant in Ontario. This initiative has the potential to double
our Canadian footprint and to position Inner Spirit as a leader in the national
recreational cannabis market."
Spiritleaf has opened its Toronto office and entered into an exclusive
real estate agreement with Marino Locations Ltd. who will be actively involved
in developing the Ontario region with Spiritleaf. Marino Locations Ltd.
brings more than 35 years of experience representing the needs of retailers,
landlords and developers across Canada.
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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