Investor Ideas #Potcasts #Cannabis News and Stocks on the Move: Dixie Brands (CSE: $DIXI_U.C) (OTC: $DXBRF), Khiron Life Sciences (TSXV: $KHRN.V), (OTCQB: $KHRNF), Planet 13 Holdings (CSE: $PLTH.C) (OTCQB: $PLNHF) and Agrios Global Holdings (CSE: $AGRO.C), (OTCQB: $AGGHF)
Delta, Kelowna, BC –March 14, 2019 (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 Investorideas.com potcastsCM - cannabis news and stocks to watch plus insight from thought leaders and experts.
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Read this in full at https://www.investorideas.com/news/2019/cannabis-potcasts/03141DIXI-DXBRF-KHRN-KHRNF-PLTH-PLNHF-AGRO-AGGHF.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 we are looking at announcements from Dixie Brands Inc. (CSE: DIXI.U) (OTC: DXBRF), Khiron Life Sciences Corp. (TSXV: KHRN), (OTCQB: KHRNF), Planet 13 Holdings Inc. (CSE: PLTH) (OTCQB: PLNHF) and Agrios Global Holdings Ltd. (CSE: AGRO), (OTCQB: AGGHF).
But first, in a recent release from NORML, (The National Organization for the Reform of Marijuana Laws), Lawmakers and regulators have signed off on new regulations explicitly permitting adults to consume cannabis at specially licensed retailers.
Under these new rules, which take effect April 11, licensed cannabis retailers may apply with state regulators for an additional “on-site consumption endorsement.” Local governments may challenge the applications in certain instances, or initiate a municipal vote to limit on site activities.
While some local municipalities — such as Denver, Colorado and West Hollywood, California — already regulate on-site consumption sites, Alaska is the first adult use jurisdiction to establish such regulations statewide.
“When these rules go into effect, Alaska will be the first state to finalize and approve statewide rules for on-site consumption. We expect more to follow suit in the not too distant future,” stated NORML Executive Director Erik Altieri, “Allowing social consumption is sensible from a business perspective, particularly for states with large amounts of tourists who otherwise have no place to legally consume, but it also has an important social justice component.”
“By preventing retail outlets and other venues from being licensed and regulated for social consumption, many patients will have to chose between effective cannabis treatment for their ailments or being thrown out of public housing,” Altieri continued, “This causes the civil liberties that come with marijuana legalization to still being kept at arms length from low-income individuals and members of other marginalized communities.”
This news, like most cannabis legal reform, comes with some irony as it was the state of Alaska who in October 2015, charged cannabis activist Charlo Greene with 10 felonies and four misdemeanors. The state said Greene sold marijuana to undercover officers in her downtown Anchorage clubhouse, and in two subsequent raids police found more than 6 pounds of pot there. Greene said at the time that the club was a community of medical marijuana cardholders and that cannabis given to club members was donation-based.
Greene agreed in Anchorage Superior Court to plea guilty to one count of misconduct involving a controlled substance in the fourth-degree, a felony, according to court documents and pay a $10,000 fine as well as forfeiting the items seized at the time of her arrest, though she'll serve no jail time.
Three other people — Rocky Burns and Larry Stamper, the owners of Discreet Deliveries, and Michael Crites, owner of Absolutely Chronic Delivery Co. — still face charges for allegedly running marijuana delivery companies.
Dixie Brands Inc., one of the cannabis industry's leading consumer packaged goods companies, and Khiron Life Sciences Corp., a vertically integrated cannabis leader with core operations in Latin America, have signed a definitive agreement relating to the joint venture the companies announced on January 30, 2019. With the execution of the Agreement, a new company called Dixie Khiron JV Corp. has been established, 50% owned by each of Dixie and Khiron.
Dixie-Khiron will take advantage of the complementary strengths of both companies to manufacture and distribute cannabis-infused products to the Latin American market. By combining Dixie's portfolio of more than 100 cannabis-infused products with Khiron's established footprint throughout Latin America, the companies aim to capture first-mover advantage and establish leadership in the region of 620 million people.
In accordance with the Agreement, Dixie will also manufacture and distribute Khiron's Kuida® brand of cannabidiol (CBD)-based cosmeceuticals in the United States. Kuida is expected to be broadly distributed and is expected to have particular appeal to the growing U.S. Hispanic population, estimated at nearly 60 million.
Planet 13 Holdings Inc., a leading vertically-integrated Nevada cannabis company, announced today that it has signed a Purchase Agreement with Mike Tyson's cannabis venture, Tyson Ranch, to be the exclusive launch partner of Tyson Ranch products in Nevada. The Agreement also includes marketing appearances by 'Iron Mike' at the Planet 13 Cannabis Entertainment Complex. Tyson Ranch products will be available on Superstore shelves on April 13th with Mike Tyson attending the launch, offering autographs, pictures, and raffling memorabilia and prizes for Planet 13 customers.
"With thousands of consumers and cannabis aficionados from all over the world coming through our doors every single day the Planet 13 Cannabis Entertainment Complex offers brand companies a unique venue to launch their brands and rapidly build a national and global reputation. We are honored that Mr. Tyson has chosen the Planet 13 SuperStore for the Nevada launch of Tyson Ranch and appreciate the opportunity to be the exclusive launch partner for this widely anticipated brand, in Nevada," said Bob Groesbeck, Co-CEO of Planet 13. "With our Phase II expansion underway, we expect the SuperStore's national and global reputation to continue to accelerate making Planet 13 the perfect place to build a nationwide brand."
Agrios Global Holdings Ltd. announced that it has received Depository Trust Company, eligibility making the Company's stock more accessible to U.S. investors.
The DTC is the largest securities depository in the world and facilitates electronic settlement of stock certificate transfers in the United States. The securities of Agrios Global Holdings, trading under the symbol AGGHF in the United States, are now eligible to be electronically cleared and settled through the DTC and is therefore considered "DTC eligible".
"We are excited that the Company is deemed DTC eligible, providing U.S. investors further opportunities to participate in Agrios' growth," said Chris Kennedy, CEO of Agrios Global Holdings. "Agrios stock is now traded in Canada, Germany, and the United States. We are well positioned in both domestic and international markets to grow our strong global investor base."
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