Investor Ideas #Potcasts #Cannabis News and Stocks on the Move April 3rd (TSXV: $KHRN.V) (TSXV: $PURE.V) (CSE: $PLTH.C) (TSXV: $EMH.V)
Delta, Kelowna, BC April 3, 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/04031KHRN-PURE-PLTH-E
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 will be looking at announcements from Khiron Life Sciences Corp. (TSXV: KHRN), (OTCQB: KHRNF), Pure Global Cannabis Inc. (TSX.V:PURE) (OTC: PRCNF), Planet 13 Holdings Inc. (CSE: PLTH) (OTCQB: PLNHF) and Emerald Health Therapeutics, Inc. (TSXV: EMH) (OTCQX: EMHTF).
Khiron Life Sciences Corp., a vertically integrated cannabis leader with core operations in Latin America, announced today that it has signed multi-channel distribution agreements for its Kuida® cosmeceutical brand with Fedco and Linio, two of the most prominent consumer distribution channels for wellness and beauty products in Colombia. In combination with the initial product launch through Farmatodo and Farmalisto, it is anticipated that the Kuida® brand will now be made available in up to 78 retail locations and through the country's leading online portal for beauty products. Initially focused on distribution in Colombia, these agreements create potential for the Company to further expand distribution across other Latin America jurisdictions.
Alvaro Torres, CEO and a Director of Khiron, comments: "These agreements with Fedco and Linio further deliver on our market strategy for Kuida® and provide the flexibility to tap into cross-selling opportunities as consumers increasingly adopt CBD based cosmeceuticals into their skincare regimen. We look forward to working with some of the largest retailers in Colombia as the Kuida® brand increases its presence in the marketplace and is positioned for future growth."
Planet 13 Holdings Inc., a leading vertically-integrated Nevada cannabis company, today announced monthly statistics for the Planet 13 Las Vegas Cannabis Entertainment Complex, (the "SuperStore") since opening November 1st, 2018.
"We opened Phase 1 of the 112,000 square foot Planet 13 Cannabis Entertainment Complex, a 16,200 square foot dispensary, on November 1st, 2018 and I am very pleased to announce that in March we had 1,987 paying customers per day at an average ticket of $89.17," said Larry Scheffler, co-CEO of Planet 13. "Monthly revenue in March was over $5 million based on only 15% of the total square footage we have on-site, adjacent to the Las Vegas Strip. To our knowledge, these results are better than what we have seen from any dispensary in the U.S. Customers have shown a desire to engage in an ultra-premium cannabis experience and with an unparalleled, diverse range of high-quality products, and unique entertainment value, the SuperStore is the only property that meets this customer need. In March, almost 100,000 people entered our dispensary, and other companies are starting to realize the value of our shelves, we are in negotiations with multiple companies to sell premium shelf space and advertising. The Phase II expansion, which includes a coffee shop, pizzeria bistro, an event space, and a consumer-facing production facility is all about building on the success of the SuperStore. Each piece of Phase II is carefully designed to drive additional traffic and cement the SuperStore as a must-visit destination when in Las Vegas."
The company also announced today that it has launched its third wholly-owned brand, Leaf & Vine, following the significant success of its Medizin line of connoisseur focused products and the TRENDI line of compact, easy-to-use disposable vape and concentrate products. Leaf & Vine products will be available on Superstore shelves today April 3, 2019.
Pure Global Cannabis Inc., an integrated, growth-oriented life sciences and consumer products cannabis company, operating through its wholly-owned subsidiary PureSinse Inc., a Health Canada licensed cannabis producer, announced a merchant agreement with BuyWell Corp, a wholly-owned and operated subsidiary of Evergreen Pacific Insurance Corp., to include PureSinse's premium and selected medical cannabis products under the BuyWell Care Cannabis Coverage Plan.
BuyWell Care is the first of its kind Medical Cannabis Coverage, which includes access to BuyWell.com, an e-commerce marketplace for carefully curated health and wellness products and services. BuyWell Care is part of a robust Evergreen Pacific ecosystem for which includes approximately 100,000 patients through its pain clinics and Synergy Health Network, which include approximately 10,000 who are being treated with cannabinoid therapies. PureSinse will be amongst a limited number of preferred licensed providers of premium medical cannabis products to BuyWell's patient network. PureSinse will list its products on BuyWell Care's secure platform.
Emerald Health Therapeutics, Inc. has signed a letter of intent to supply cannabis to the Société Québécoise du Cannabis (SQDC), Quebec's sole legal distributor of recreational cannabis. Under the agreement, Emerald will supply cannabis to the SQDC from its Québec-based Saint-Eustache facility, Verdélite, as well as from its 50%-owned joint venture, Pure Sunfarms, in Delta, BC. Emerald will fulfill its first supply order in Q2 2019.
“Québec’s population of 8.4 million is a sizable market and we are pleased to be able to offer locally-grown, quality cannabis products to the adult-use consumers throughout the province,” said Dr. Avtar Dhillon, President and Executive Chairman of Emerald. “Verdélite is now near completion of the build-out of its 88,000 square foot indoor cultivation facility and has been scaling up production in licensed areas of the operation. We expect to be in full production and to also have nationwide distribution for the recreational market in the months ahead.”
Emerald is currently delivering cannabis in Ontario, British Columbia, Yukon, and Newfoundland and Labrador, and has a signed sales agreement with Alberta Gaming, Liquor and Cannabis (AGLC) and is registered by the Saskatchewan Liquor and Gaming Authority (SLGA) to supply cannabis.
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