Investor Ideas #Potcasts: #Cannabis News and #Stocks on the Move - (CSE: $IAN.C) (CSE: $MWM.C) (TSX: $WEED.TO) (TSXV: $RIV.V) (TSX: $ACB.TO)
Delta, Kelowna, BC –April 16, 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 insights from thought leaders and experts.
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Good afternoon and welcome to another Investorideas.com “potcast” looking at cannabis news, stocks to watch as well as insights from experts and industry leaders.
Today we are looking at announcements from iAnthus Capital Holdings, Inc.(CSE: IAN) (OTCQX: ITHUF), Micron Waste Technologies Inc.(CSE: MWM) (OTC: MICWF), Canopy Growth Corporation (TSX: WEED) (NYSE: CGC), Canopy Rivers Inc. (TSXV: RIV), Aurora Cannabis Inc. (NYSE: ACB) (TSX: ACB) and MYM Nutraceuticals Inc., (CSE: MYM) (OTCBB: MYMMF).
iAnthus Capital Holdings Inc., .(CSE: IAN) (OTCQX: ITHUF) which owns, operates, and partners with best-in-class regulated cannabis operations across the United States, announced that CBD For Life, a top-ranked, national CBD brand in the U.S. which the Company agreed to acquire on March 29, 2019, has entered into an agreement with Urban Outfitters, a lifestyle-oriented general merchandise and consumer products store with 245 locations throughout the United States, Canada and Europe.
The agreement places CBD For Life products in Urban Outfitters' e-commerce platform and top 6 retail locations in the U.S. The CBD For Life products are expected to launch in select Urban Outfitters stores later this month.
"Our partnership with Urban Outfitters represents a major step forward for CBD For Life, placing us in one of the United States' most successful retail chains that also serves as a tastemaker for the rest of the retail market," said Julie Winter, COO of CBD For Life. "With the backing of iAnthus, we look forward to further growing our footprint and making our products top of mind for consumers around the world."
Micron Waste Technologies Inc., .(CSE: MWM) (OTC: MICWF), a leading developer of waste treatment systems for food and cannabis waste, officially opened its waste treatment innovation centre in Metro-Vancouver yesterday. The new Delta facility will be the operational headquarters for Micron's research team, led by Chief Technology Officer Dr. Bob Bhushan. Current and future research will include the development of commercial applications for new waste treatment targets produced by a variety of industries, including brewing and distilling, biopharmaceutical, food processing, oil and gas, agribusiness and pulp and paper. Micron's first two waste treatment systems – the Cannavore™ cannabis waste unit and the Organivore™ food waste unit – will be market-ready later this year and models were on-site for viewing.
"The Micron Waste Innovation Centre will be home to the heart of our company – the patented platform we innovated to rapidly bio-engineer and commercialize waste treatment solutions for a wide range of urgent waste problems," said President & CEO Alfred Wong. "We have used the platform to create solutions for management of food and cannabis waste and will now expand our focus to build a robust pipeline of additional proprietary waste solutions."
Canopy Growth Corporation (TSX: WEED) (NYSE: CGC), announced that it has completed an all-cash acquisition of Spain-based licensed cannabis producer Cáñamo y Fibras Naturales, S.L. ("Cafina"). The acquisition lays the foundation for Canopy Growth to expand its European production footprint into one of the most ideal growing regions in the world, complementing the Company's existing 430,000 square foot licensed production site in Odense, Denmark, as well as its world-class ISO 13485 internationally certified Storz and Bickel facility in Tütlingen, Germany.
Cafina is one of three companies in Spain authorized to cultivate, distribute and export cannabis containing more than 0.2% of tetrahydrocannabinol (THC) for medicinal and research purposes, and does so today in a 1,600 sq. ft. greenhouse. It is also licensed to conduct hemp cultivation. With this acquisition and planned corresponding expansion in Spain, Canopy Growth improves its long-term positioning to address demand across Europe for medical cannabis and CBD products. Canopy Growth is also partnered with a second licensed producer in Spain that produces cannabis flowers for the Company under an existing supply arrangement.
Canopy Rivers Inc. (TSXV: RIV), and High Beauty, Inc. announced the completion of an investment by Canopy Rivers in High Beauty, creator of industry-leading cannabis beauty brand high. Canopy Rivers has subscribed for US$2.5 million of shares in High Beauty, representing 18.4% of the company on a fully diluted basis, including additional warrant coverage.
Management believes that High Beauty has a competitive advantage in the global beauty market through its distribution partnership with Sephora, an established leader in global prestige omni-channel retail. Defined by its unique, open-sell environment, Sephora's curated assortment of brands includes trusted classics, indie and emerging favorites, and their own brand, Sephora Collection. The brand and beauty experts at Sephora have been involved in the evolution of high from concept to shelf, and the products have been specifically developed to meet "Clean at Sephora" standards – a "free of" designation that meets consumers' needs for products free of questionable and unwanted ingredients.
Aurora Cannabis Inc. (NYSE: ACB) (TSX: ACB) and Hempco Food and Fiber Inc. (TSX-V: HEMP) today announced that the companies have entered into a binding letter agreement in regard to the basic terms and conditions upon which Aurora will acquire all of the issued and outstanding common shares of Hempco not already owned by Aurora. In consideration of the transaction, Aurora has agreed to pay $1.04 per Hempco Share, payable in common shares of Aurora, reflecting a valuation of approximately C$63.4 million on a fully diluted basis.
For more than 12 years Hempco has been a trusted and respected pioneer, innovator and provider of quality, hemp-based foods, hemp fiber and hemp nutraceuticals. Hempco produces and markets the brands PLANET HEMP™ and PRAISE, hemp-based foods and nutritional supplements for people and animals. Hempco has developed multiple international distribution channels, selling through highly visible platforms, such as Amazon.com, Well.ca and Metro Inc. Through its combined hemp assets, Aurora is well positioned to drive growth through the sale of hemp products to more than 100 countries
Hempco provides Aurora with low-cost, high-volume access to raw material (hemp) for the extraction of CBD, which has been increasingly recognized for its therapeutic benefits across a wide range of medical indications and wellness applications. Aurora identified this potential early on, completing its first investment in Hempco in 2017, and has subsequently expanded its hemp-based infrastructure through the acquisitions of Agropro, Europe's largest producer of organic hemp and hemp-based products, Borela and ICC Labs. The full integration of Hempco into this infrastructure adds further capacity, brands and distribution channels to capitalize on the global CBD wellness opportunity, which is anticipated to grow to $22 billion by 2022.
MYM Nutraceuticals Inc. (CSE: MYM) (OTCBB: MYMMF).announced that it has incorporated "MYM Nutraceuticals Mexico S.A. de C.V." MYM has confidence in future Mexican legislation to regulate the cannabis industry. The Company is taking steps to be a first-mover in the industry in Mexico by planning to focus on the importation and distribution of hemp derived CBD products. The expected changes in cannabis legislation will make cannabis products like hemp-derived CBD available on the shelves of general retailers across the nation.
The Company has engaged Mr. Joaquin Araico as its Director of Business Development and Local Operations for Mexico. Mr. Araico holds a BA in Economics at the Anahuac University and a certificate in finance at the Technological Institute of Monterrey. He has over 35 years experience in management, finance and politics, particularly in various levels of government and strategic areas in Mexico. He will oversee the daily operations of MYM Mexico and its entry into the CBD and cannabis market within the country.
"In keeping with our Strategic Plan previously outlined, we're excited to add another building block by incorporating MYM Mexico and establishing an office in Mexico," said Howard Steinberg, CEO of MYM. "The Mexican government is currently considering significant cannabis reform at a national level. MYM aims to be at the forefront of this movement by positioning the company to be a key player in the importation and distribution of CBD-rich hemp products."
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