Investor Ideas Potcasts #Cannabis News and Stocks on the Move: TSXV: $GTEC.V, CSE: $BE.C, TSX: $WEED.TO, NYSE: $CGC, TSX: $ACB.TO, NYSE: $ACB
Delta, Kelowna, BC - November 9, 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.
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Investor Ideas Potcasts #Cannabis News and Stocks on the Move: TSXV: $GTEC.V, CSE: $BE.C, TSX: $WEED.TO, NYSE: $CGC, TSX: $ACB.TO, NYSE: $ACB
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Today's podcast overview/transcript:
Good afternoon and welcome to another Investorideas.com Potcast - following Cannabis news, stocks to watch as well as insights from thought leaders and experts.
Today we will be looking at announcements from GTEC Holdings Ltd. trading on the TSX-Venture as GTEC and the OTC as GGTTF, Beleave Inc. trading on the CSE as BE and the OTCQX as BLEVF, Canopy Growth Corporation trading on the TSX as WEED and the NYSE as CGC and Aurora Cannabis trading on the TSX and NYSE as ACB.
GTEC Holdings Ltd. announced that its wholly owned subsidiary, Alberta Craft Cannabis Inc. received its updated license on November 8th, 2018 in accordance with Health Canada's Cannabis Act and Cannabis Regulations, which had previously been issued under the Access to Cannabis for Medical Purposes Regulations ("ACMPR").
Effective immediately, Alberta Craft Cannabis is authorized to sell cannabis in accordance with subsection 11(5) of the Cannabis Regulations, which include the following activities:
The sale and distribution of dried cannabis, fresh cannabis, cannabis plants and cannabis plant seeds to any of the following license holders: micro-cultivation, standard cultivation, processing, analytical testing, research, or cannabis drug license;
The sale and distribution of cannabis plants and cannabis plant seeds to a holder of a license for a nursery;
The sale and distribution of cannabis plants and cannabis plant seeds, that are cannabis products to: a holder of a license for sale, or a person authorized to sell cannabis under a provincial Act by reason of subsection 69(1) of the Act; and
The sale and delivery of cannabis plants and cannabis plant seeds, that are cannabis products, to the purchaser of the products at the request of: a person authorized to sell cannabis under a provincial Act by reason of subsection 69(1) of the Act, or a holder of a license for sale.
Since its debut on the TSX Venture Exchange on June 22, 2018, the Company has entered into strategic partnerships with the following Licensed Producers:
Invictus MD Strategies (TSXV: GENE) (OTCQX: IVITF)
https://www.gtec.co/gtec-agreement-with-invictus-cannabis-retail-expansion/
https://www.gtec.co/gtec-agreement-with-invictus-cannabis-retail-expansion/
Namaste Technologies (TSXV: N) (OTCQB: NXTTF)
https://www.gtec.co/gtec-announces-supply-agreement-with-namaste-technologies-cannmart/
https://www.gtec.co/gtec-announces-supply-agreement-with-namaste-technologies-cannmart/
Valens Groworks (CSE: VGW) (OTC: MYMSF)
https://www.gtec.co/gtec-signs-cannabis-extraction-agreement-with-valens/
https://www.gtec.co/gtec-signs-cannabis-extraction-agreement-with-valens/
The updated license will allow GTEC to immediately engage in business to business (B2B) sales to its strategic partners and/or other qualified license holders under the Cannabis Act and Cannabis Regulations.
"We are extremely pleased with Health Canada's new licensing system under the Cannabis Act and Regulations. These updates allow for GTEC to immediately supply its current inventory into the medical and provincial markets through its strategic partners," said Norton Singhavon, Chairman & CEO of GTEC. "Upon completion of our initial B2B sale, we look forward to transitioning into a revenue generating company."
Beleave Inc. announced that it has entered into a Strategic Alliance Agreement with the Rollins Group Inc. to open and operate cannabis retail stores across Canada.
Rollins will apply for cannabis retail sales licenses across the country to open and operate cannabis retail stores. Beleave is supporting Rollins to secure lease covenants for all planned locations. Rollins will be responsible for managing the day-to day operations of the stores.
Some of the key takeaways of the agreement include:
Rollins plans to open its first nine locations in Ontario with an additional 31 locations planned, pending approval in the province of Ontario;
Rollins has agreed to purchase up to 1,000 kg of dry cannabis (or equivalents) of Beleave product annually per location; and
Rollins shall provide Beleave with an option to purchase up to 15% of all outstanding equity.
Beleave and Rollins have created a Joint Relationship Committee to review the growth and performance of the retail locations, comprised of Andrew Wnek, CEO of Beleave, Bojan Krasic, President & CFO of Beleave, and David Shekthter and Daniel Stern, the principal partners at Rollins.
"We're very happy to be working with David and Daniel who have a track record of success in the cannabis industry," said Beleave CEO, Andrew Wnek. "We look forward to meeting our customers in these new stores and serving the communities around them."
Rollins has agreed to deal exclusively with Beleave, not directly or indirectly entering into any agreement that would compete with or conflict with the terms of the Agreement, without the express written consent from Beleave.
Canopy Growth Corporation announced that it has entered into a multi-year agreement with The Brink's Company (NYSE: BCO) through its Brink's Canada subsidiary to provide secure logistics and cash management services for Canopy Growth's domestic and international cannabis operations.
The Brink's Company is the global leader in total cash management, secure route-based logistics and payment solutions and its global infrastructure will allow Canopy Growth to scale efficiently as its logistics needs become increasingly complex.
"Brinks' reputation as a trusted industry leader has been earned by providing reliable secure transport services for over 90 years in Canada," said Mark Zekulin, President and Co-CEO, Canopy Growth. "As a cannabis producer with growing national and international needs, we are proud to enter into this agreement and look forward to working with Brink's to consistently deliver a variety of high-quality cannabis products to our retail locations and affiliates across the country."
"The cannabis industry requires at-scale security solutions in order to continue on a trend of global growth, and Brink's is uniquely positioned to provide these solutions," said Doug Pertz, Brink's President and CEO. "Our partnership with Canopy Growth, the leading producer and exporter of cannabis, diversifies our customer base and leverages BGS' global network of secure logistics operations. We look forward to building a strong relationship with Canopy Growth as it grows throughout Canada and continues to enter new international markets."
In addition to providing secure logistics and cash management services, Canopy Growth and Brink's will develop a cross-selling program that enables Brink's to provide services to Canopy Growth's affiliated growers and retail customers. Canopy Growth's international transportation and security needs will be provided by Brink's Global Services ("BGS"), a Brink's subsidiary that provides secure logistics for international shipments of high-value commodities.
Aurora Cannabis Inc. announced that it has scheduled its conference call to discuss the results for its first quarter ended September 30, 2018. The call will be hosted on Monday, November 12th, 2018 at 10:30 a.m. Eastern Time by Terry Booth, Chief Executive Officer, Glen Ibbott, Chief Financial Officer, and Cam Battley, Chief Corporate Officer followed by a question and answer period.
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