Investor Ideas #Potcasts #Cannabis News
and #Stocks on the Move: TSX: $APH.TO,
TSX: $WEED.TO, NYSE: $CGC, CSE: $HIKU.C, TSXV: $N.V
Delta, Kelowna, BC –September 6, 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.
Listen to the podcast:
Read this in full at https://www.investorideas.com/news/2018/cannabis/09061Potcasts-TSX-APH-WEED-NYSE-CGC-CSE-HIKU-N.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 Aphria Inc. trading on
the TSX as APH and US OTC as APHQF, Canopy Growth
Corporation trading on the TSX as WEED and the NYSE as CGC, Hiku Brands Company
Ltd. trading on the CSE as HIKU and Namaste Technologies Inc. trading on the
TSX-Venture as N.
Canopy Growth Corporation and Hiku Brands Company Ltd. announced the
closing of the previously announced acquisition of Hiku by Canopy Growth.
Today's announcement follows Hiku's special meeting of shareholders held
on August 30, 2018 where holders of the common shares of Hiku voted to approve
the Transaction.
As a result of the Transaction, Hiku has become a wholly-owned
subsidiary of Canopy Growth and the Hiku Shares are anticipated to be de-listed
from the Canadian Securities Exchange as of today. Trading of the Hiku Shares
was halted on the Canadian Securities Exchange as of noon on August 31, 2018.
Pursuant to the Transaction, Canopy Growth acquired 100% of the issued and
outstanding common shares of Hiku and Hiku shareholders are entitled to receive
0.046 of a Canopy Growth common share in exchange for each Hiku Share held
immediately prior to the closing.
Aphria Inc. today announced that it has entered into a share purchase
agreement with a group of buyers, each acting individually and not in concert,
including a member of the Serruya family, and has completed the sale of
64,118,462 shares in Liberty Health Sciences, Inc., representing 100% of the
Company's outstanding investment in Liberty. As part of the transaction, Aphria
retains an irrevocable option to repurchase the Shares or any replacement
securities from the buyers for a period of up to five years, subject to the
satisfaction of certain conditions as further described below. As a result of
the transaction, Aphria has divested its remaining U.S. cannabis assets from
its balance sheet in accordance with the staff notice and requirements of the
Toronto Stock Exchange ("TSX"). As a result of this
divestiture, the Company has significantly improved its liquidity position
while it continues to focus on the many opportunities within Canada and in
other legal cannabis markets around the world.
"Given the current federal legal framework in the United States, we
have made the strategic decision to divest our remaining U.S. holdings at this
time in order to permit us to focus on other more immediate capital markets and
strategic opportunities in Canada and in other legal markets around the
world," said Vic Neufeld, Chief Executive Officer of Aphria. "Not
only does this transaction result in a significant gain to the Company it also
enables Aphria to advance its existing global strategic plan unencumbered by
U.S. exposure at this time."
Namaste Technologies Inc. announced that the Company has signed an
exclusive co-supply, marketing, and distribution agreement with Airo Brands
Inc. to launch Airo Brands' pre-filled vaporizer cartridge brand in both the
recreational and medical cannabis markets throughout Canada. As part of the
arrangement, Namaste will produce and distribute Airo Brand's pre-filled
vaporizer cartridges through the Company's wholly-owned subsidiary and Health
Canada's Access to Cannabis for Medical Purposes Regulations
("ACMPR") Licensed Producer, Cannmart Inc.
This Agreement represents a strategic partnership between Namaste and
Airo Brands to leverage Namaste's resources and Airo Brands established
product, brand image and reputation. Through Infinite Labz, Namaste believes it
has the capacity to become the "go to" service provider in this high
growth, high margin market of pre-filled cartridges. Namaste's investment in
Infinite Labz Inc., which is a purpose-built facility for producing cannabis
oil under the ACMPR regulations is located directly across the street from
Cannmart. Infinite Labz will provide oil production services that will provide
supply for Airo Brands' and other products which Namaste will bring to the
online medical and recreational markets. To be partnering with one of the
leading US-based producer of pre-filled vaporizers further validates Namaste's
strategy and is a monumental step forward for the Company. Namaste plans to
work with Airo Brands to exclusively source the highest quality cannabis oil
and to facilitate production, packaging and distribution through Cannmart.
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
Potcasts is now a certified word mark Trademark on the blockchain through
Cognate, Inc. CM Certification
Investorideas.com podcasts are also available on iTunes, Spotify,
Google Play Music, Stitcher, iHeartradio, Spreaker and Tunein.
If you would like to be a guest or sponsor this podcast contact
Investorideas.com
Subscribe to the new cannabis podcast series:
Investorideas.com podcasts are also available on
iTunes, Spotify, Google Play Music,
Stitcher, Spreaker, YouTube via
Spreaker, iHeartradio and Tunein.
Potcasts is now a certified word
mark Trademark on the blockchain through Cognate, Inc. CM
Certification-Registration Number: 10468217708
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