Investor Ideas #Potcasts; #Cannabis News and #Stocks on the Move; (TSX: $FIRE.TO) (CSE: $GGB.C) (CSE: $TRUL.C) (TSXV: $ENW.V)
Delta, Kelowna, BC, December 18, 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 podcast edition of cannabis news and stocks to watch plus insight from thought leaders and experts.
Listen to the podcast:
Read this in full at https://www.investorideas.com/news/2019/cannabis-potcasts/12181FIRE-GGB-TRUL-ENW.asp
Today’s podcast overview/transcript:
Good afternoon and welcome to another episode of Investorideas.com "Potcast" featuring 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.
The Supreme Cannabis Company, Inc. (TSX: FIRE) (OTCQX: SPRWF) announced today that select brands will be available in Québec and Newfoundland and Labrador, expanding Canadian distribution to all ten provinces.
The Company entered into a letter of intent with Société Québécoise du Cannabis to supply 7ACRES products to retail stores across Québec. On November 21, 2019, the Company also entered into a formal agreement to supply the Newfoundland and Labrador Liquor Corporation with 7ACRES high -end cultivars.
"With increased packaging capacity we are pleased to have the recreational supply necessary to serve new consumers in Québec and Newfoundland and Labrador. As we enter two new provinces, we continue to benefit from the strength of our experienced sales team," said Navdeep Dhaliwal, CEO of Supreme Cannabis. "In anticipation of our 7ACRES brand entering these priority provinces, we specifically launched strains with east coast consumers in mind."
With the addition of improved bottling capacity at 7ACRES and both internal and third-party pre-roll manufacturing capacity, the Company looks forward to providing a steady supply of premium cannabis products to both markets. As Supreme Cannabis transitions to 100% recreational sales, it is well positioned to successfully supply all ten Canadian provinces.
Supreme Cannabis' 7ACRES brand is now available in all ten provinces across Canada, including British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, New Brunswick, Nova Scotia and PEI. The Company continues to evaluate all markets for its additional recreational brands.
Green Growth Brands, Inc. (CSE: GGB) (OTCQB: GGBXF) and MXY Holdings LLC announced today the termination of its proposed business combination as the market adjusts to the changing macro environment.
"We are aggressively growing our businesses across America as we drive to become a leading cannabis retailer in the country," said Peter Horvath, CEO of the Company. "While we continue to be open to collaborating with other industry leaders, we need to ensure we are focused on building our operational strengths, maximize our returns and, most importantly, avoiding excessive dilution to our shareholder base."
GGB is continuing with its aggressive growth strategy in both the MSO and CBD businesses. The MSO business now includes a 47 dispensary rollout in three key states, and the Company will continue its expansion in this line of business, opening its remaining 45 dispensaries with the same speed and energy it dedicated to its North American CBD network.
"As the market evolves, the attractiveness of our know-how, genetics and premium quality products in multiple states presents many opportunities as we actively grow our business and strengthen our relationships with cannabis industry leaders," said Jordan Lams, Moxie's CEO.
There is no break fee to be paid in connection with this termination. Green Growth Brands has agreed to repay the advance of US$5 million by January 31, 2020 and to reimburse Moxie US$4 million in deal fees on or before July 1, 2020, with both payments to be made in cash.
Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF), a leading and top-performing cannabis company in the United States, will open the doors of its record 42nd Florida location on Thursday, December 19th in Orange Park. This milestone location comes days after Trulieve, Florida's largest medical cannabis operator, became the first licensee in Florida to surpass 40 locations.
Currently, Trulieve operates 41 other dispensaries throughout the State of Florida, including in the nearby communities of Jacksonville, St. Augustine, and Palm Coast. The latest storefront, located on Blanding Boulevard in Orange Park, supports the company's mission to expand and ensure safe, reliable access for patients statewide.
"Since opening our first location, we've focused on delivering strong, customer-centric experiences in every community we serve. As a result, we've been fortunate to develop a passionate patient base and our continued growth is due in large part to that relationship," said Trulieve CEO Kim Rivers. "Expanding access throughout Florida and offering patients a wide selection of inventory that they've helped develop is part of our strategic vision.
Whether someone is starting their journey towards relief or seeking a new treatment alternative, our well-trained staff is ready to assist patients at every step of the process. We encourage all patients to reach out to find out more."
To celebrate its newest store, Trulieve will be hosting a grand opening on Thursday, December 19th at 10:00 AM, with press tours of the new dispensary immediately following. In honor of the grand opening, all patients are eligible for an in-store 25% discount at the Orange Park location on opening day.
In stores and online, patients will find Florida's largest selection of THC and CBD products, available in a variety of delivery methods, including smokable cannabis, concentrates, tinctures, topical creams, vaporizers, and more. Trulieve also offers home delivery statewide for patients, and convenient in-store pick-up at its 42 dispensaries in locations across the state from Pensacola to Key West.
As the state's leading medical cannabis provider, Trulieve's employees are experienced, knowledgeable and eager to help patients. Trulieve encourages potential patients, as well as patients who are new to cannabis and our wide array of products, to connect with the staff to learn more.
EnWave Corporation (TSX-V:ENW) announced today that it has signed a royalty-bearing commercial license agreement with Responsible Foods ehf to produce Radiant Energy Vacuum dried snacks and ingredients using premium Icelandic raw materials.These REV™-dried applications will be sold in both domestic and international markets. Under the terms of the License, Responsible Foods purchased a 10kW commercial REV™ machine to initiate production in Iceland.
The License grants Responsible Foods the exclusive right to process a variety of unique and healthy food products in Iceland including, but not limited to, dairy products, seafood, meat, microalgae and seaweed, and a variety of herbs, berries and mushrooms native to Iceland. These REV™ dried products can be sold as ingredients or retail consumer products around the world.
This License is the first signed by EnWave in Iceland and 36th world-wide further proving the value proposition of REV™ technology as a tool to create innovative, premium food applications.
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