Investor Ideas #Potcasts: #Cannabis News and #Stocks on the Move (TSX: $ZENA.V) (CSE: $GABY.C) (TSXV: $NDVA.C) (CSE: $CRFT.C)
Delta, Kelowna BC –June 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.
Listen to the podcast:
Read this in full at
Today’s podcast overview/transcript:
Good afternoon and welcome to another episode of Investorideas.com “potcasts”, looking at cannabis news, stocks to watch as well as insights from thought leaders and experts.
In today’s podcast we look at a few early announcements.
But first, according to a new report from Deloitte, the next stage of cannabis legalization in Canada is expected to create a consumer market for edibles and other alternative cannabis products worth more than C$2.5 billion a year and generate higher profits for retailers than cannabis products that are already legal.
The report, Nurturing new growth: Canada gets ready for Cannabis 2.0, says the legalization on October 17, 2019, of edibles containing cannabis and cannabis concentrates will create new product mixes that will reach consumers who may have been reluctant to try traditional cannabis consumption methods that are currently available. Many of these novice or "cannabis-curious" consumers will be older, often female Canadians who will prefer more familiar consumption formats, notably edibles such as baked goods.
"The edibles market alone is estimated to be worth at least $1.6 billion a year in Canada, with cannabis-infused beverages adding a further $529 million," said Jennifer Lee, a partner and Deloitte Canada's Cannabis National Leader, and Consumer Advisory and Analytics Practice National Leader. "According to our research and stakeholder interviews, much of this economic boost will be on top of current cannabis product spending. The introduction of cannabis-infused edibles will clearly threaten the alcohol industry as consumers are using the product for similar usage occasions."
"The global cannabis market is enormous, and Canadian firms are well-positioned to play a pivotal role as this market grows and evolves," said Lee. "Cannabis companies with strong professional leadership and business fundamentals, a focused strategy, and a willingness to place bets—while playing the long game to wait out the changing regulatory environments—will be the ones who succeed and prosper."
For more information and to read the full Deloitte 2019 cannabis report, please visit: Nurturing new growth.
Zenabis Global Inc. (TSX:ZENA) today announced that Health Canada has granted an industrial hemp production license.
"This is the second cultivation license we have received from Health Canada this year, and is another important step toward realizing our vision of becoming a significant cannabis and cannabinoid producer in Canada," said Andrew Grieve, Chief Executive Officer of Zenabis.
"This license enables the commencement of hemp cultivation and hemp-derived CBD production, and also the testing of our vertical farming system at Zenabis Langley for the cultivation of hemp. This vertical farming system is intended to be used for the production of cannabis upon receipt of the Zenabis Langley cannabis cultivation license. The hemp-derived CBD market is expected to grow exponentially over the next three years.1 Through this addition, among other strategic hemp-focused initiatives, we are positioning Zenabis to participate in the hemp-derived CBD industry in both Canada and the United States."
Zenabis will be able to cultivate hemp using the remaining land and in greenhouses off-cycle from other crops for its Zenabis Langley, Zenabis Pitt Meadows, and Zenabis Aldergrove facilities.2 Hemp cultivation at the Zenabis Langley site will not interfere with the planned cannabis cultivation activities at Zenabis Langley, nor will it reduce the cannabis cultivation design capacity of Zenabis Langley.
Gabriella's Kitchen Inc. (CSE: GABY) (OTCQB: GABLF), a market-leader in the North American cannabis wellness space, announced that its common shares have been approved for listing on the OTCQB Venture Market ("OTCQB"), a U.S. trading platform that is operated by the OTC Markets Group in New York. Effective June 3, 2019, the Company will commence trading on the OTCQB under the symbol "GABLF". The Company's common shares will continue to trade on the Canadian Securities Exchange ("CSE") under the symbol "GABY".
In respect of the OTCQB listing, Margot Micallef, CEO of GABY commented, "We are thrilled to announce the listing of GABY's common shares on the OTCQB exchange, which we believe further establishes GABY as an innovative and leading-edge North American cannabis wellness company with broad appeal. GABY anticipates this additional listing on the OTCQB will provide increased opportunity for shareholder liquidity, as well as enhanced market access for American institutional and retail investors seeking to become a part of the GABY story."
Indiva Limited (TSXV:NDVA) (OTC:NDVAF) has successfully received an amended license from Health Canada for three additional grow rooms and three additional processing rooms, bringing the company's annual cultivation capacity to approximately 1,000kg. The three newly licensed rooms will be immediately populated with plants, using advanced aeroponic grow technology, with the first harvest expected in less than 10 weeks. The Company has completed the video evidence package for an additional five rooms, including additional processing space, with the expectation the rooms will come online in Q3 2019, subject to Health Canada approval. Once all eight rooms are online, Indiva's annual flower capacity will be approximately 3,000kg.
The amended license will further strengthen Indiva's position in the domestic and international cannabis industry, by allowing an expanded supply of quality products to patients as well as provincial wholesalers. This expansion will directly serve the growing demand for Indiva products including the company's current line of pre-rolls available through the OCS and licensed retailers in Ontario. The increased flower capacity will also serve as raw material for Indiva's 70 tonne extraction facility planned for 2019, and ultimately serves as a high quality input for the Company's upcoming release of concentrates, chocolates, sugar and various other cannabis derivative items, when the law permits.
"Indiva continues to execute on its expansion plans, and this increase in production capacity gives us greater bandwidth to service the demand for quality cannabis products in Canada," said Niel Marotta, President and CEO.
Pasha Brands Ltd. (CSE: CRFT), Canada's largest craft cannabis organization, announced today that trading of its common shares will commence at market open today under exchange symbol "CRFT" on the Canadian Stock Exchange. This follows the completion of the reverse takeover of Broome Capital Inc.
Although new to the public markets, Pasha is Canada's only prohibition-era brand house and already the most significant force in Canada's craft cannabis community. The vertically integrated craft cannabis organization operates as a brand house representing Canada's most established craft cannabis cultivators, producers and retailers. Within the Pasha umbrella resides award-winning brands that have firmly established themselves, pre-legalization, in British Columbia – a region known around the world for its high quality craft cannabis product. Prior to legalization, the brands now owned by Pasha, while operating in the prohibition-era, ranked among the leading revenue producing companies now operating in the regulated industry.
"Today is historic for both Pasha Brands and the Canadian craft cannabis community," said Patrick Brauckmann, Executive Chairman of Pasha Brands. "Our listing not only marks the beginning for Pasha as a publicly traded company, but confirms our unwavering commitment to help take growers and brands, many of which played a role in making legalization happen, into the legal marketplace."
Pasha's wholly-owned subsidiary, BC Craft Supply Co. Ltd. will assist micro-cultivators through development, licensing, testing, and distribution of craft cannabis products, in exchange for a guaranteed supply agreement with each micro-cultivator. Similar to Pasha, BC Craft has also amassed some of the most experienced growers in the industry who have laid the foundation for legal cannabis to exist today. Under the Health Canada framework, each micro-cultivator will be able to legally process approximately 500 kilograms of dried flower per year. For every 100 micro-cultivators BC Craft secures, up to 50,000 kilograms of world-class craft cannabis could be available to the market via Canada's regulated supply chain.
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
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
About Investorideas.com - News that Inspires Big Investing Ideas
Investorideas.com is a recognized news source publishing third party news and press releases plus we create original financial content. Learn about investing in stocks and sector trends from Investorideas.com with our news alerts , articles , podcasts and videos talking about cannabis, crypto, technology including AI and IoT , mining ,sports biotech, water, renewable energy and more . Investorideas.com original branded content includes the daily Crypto Corner and Podcast, Play by Play sports and stock news column, Investor Ideas #Potcasts #Cannabis News and Stocks on the Move podcast and column, Cleantech and Climate Change Podcast and the AI Eye Podcast and column covering developments in AI.
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.
More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com
Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp
Investor Ideas does not condone the use of cannabis except where permissible by law. Our site does not possess, distribute, or sell cannabis products.
Follow us on Social Media
Contact Investorideas.com
800-665-0411
No comments:
Post a Comment