Friday, May 28, 2021
New #Stocks to Watch at Investor Ideas in Cannabis (CSE: $MARY.C) (Nasdaq: $FLGC), Tech (Nasdaq: $JWEL) (NYSE: $TUYA) & Biotech (Nasdaq: $UPC) (Nasdaq: $GANX)
New #Stocks to Watch at Investor Ideas in Cannabis (CSE: $MARY.C) (Nasdaq: $FLGC), Tech (Nasdaq: $JWEL) (NYSE: $TUYA) & Biotech (Nasdaq: $UPC) (Nasdaq: $GANX)
Also new stocks in mining, natural gas, water, wine and restaurants
Point Roberts WA, Delta BC, May 28, 2021 – (Investorideas.com Newswire) Investorideas.com, a global news source and leading retail investor and trader resource, announces its weekly roundup of stocks to watch in Cannabis, Tech, Biotech, Mining, Natural Gas, Water, Wine and Restaurants. Today’s stocks have been added to our lists of free stock directories in each sector.
Read this in full at https://www.investorideas.com/news/2021/main/05281Stocks.asp
This week’s new companies cover a wide-range of sectors and include many recent Nasdaq/NYSE IPOs.
Other new companies are Canadian-listed and are involved in the helium, cannabis and water sectors.
New Stocks added to Cannabis Stocks Directory:
Mary Agrotechnologies Inc. (CSE:MARY) is in the business of developing affordable, automated, yet aesthetically appealing technologies for communities to grow all kinds of produce regardless of local climate. The Company's signature product, Mary Model Z ("Model Z"), is a grow box, which is a small enclosed system for growing plants indoors or in small areas. Model Z is designed for consumers, takes advantage of the legalization of cannabis, and features a stylish Wi-Fi connected growing system that is automated by cloud-based artificial intelligence, with built-in air conditioning, active filtering system to control odour and mould, immersive multidirectional lighting, pre-made nutrient packs, and a smartphone app that can monitor and control the unit from virtually anywhere. It has been developed specifically for growing cannabis and takes the guesswork out of the process allowing anybody to grow at home.
Flora Growth Corp. (NasdaqCM:FLGC) s a cannabis company that works to leverage natural, cost-effective cultivation practices to supply cannabis derivatives to its diverse business divisions of cosmetics, hemp textiles, and food and beverage. As the operator of one of the world’s largest outdoor cannabis cultivation facilities, Flora strives to market a higher-quality premium product at below market prices. By prioritizing natural ingredients and value-chain sustainability across its portfolio, Flora creates premium products that help consumers restore and thrive.
New Stocks added to Tech Stocks Directory:
Jowell Global Ltd. (NasdaqGS:JWEL) operates one of China's leading e-commerce platforms for cosmetics, health and nutritional supplements and household products - Juhao Mall. The Company provides its own brand products to customers and sells and distributes other companies' health and nutritional supplements, cosmetics and certain household products on the Juhao Mall platform. In addition, Juhao Mall allows third parties to open their own stores on its platform. The Company has also been selling its products through authorized retail stores all across China, which operate under the brand name of “Love Home Store” or “LHH Store”.
Tuya Inc. (NYSE:TUYA) is a global leading IoT cloud platform with a mission to build an IoT developer ecosystem and enable everything to be smart. Tuya is the largest IoT PaaS business in the global market in terms of the volume of smart devices powered in 2020, according to CIC. Tuya has pioneered a purpose-built IoT cloud platform that delivers a full suite of offerings, including Platform-as-a-Service, or PaaS, and Software-as-a-Service, or SaaS, to businesses and developers. Through its IoT cloud platform, Tuya has enabled developers to activate a vibrant IoT ecosystem of brands, OEMs, partners and end users to engage and communicate through a broad range of smart devices.
New Stocks added to Biotech Stocks Directory:
Universe Pharmaceuticals INC. (NasdaqGS:UPC) headquartered in Ji’an, Jiangxi, China, is a pharmaceutical producer and distributor in China. The Company specializes in the manufacturing, marketing, sales and distribution of traditional Chinese medicine derivatives products targeting the elderly with the goal of addressing their physical conditions in the aging process and to promote their general well-being. The Company also distributes and sells biomedical drugs, medical instruments, Traditional Chinese Medicine Pieces, and dietary supplements manufactured by third-party pharmaceutical companies. Currently, the Company’s products are sold in 30 provinces of China
Gain Therapeutics, Inc. (NasdaqGS:GANX) is redefining drug discovery with its SEE-Tx™ target identification platform. By identifying and optimizing allosteric binding sites that have never before been targeted, Gain is unlocking new treatment options for difficult-to-treat disorders characterized by protein misfolding. Gain was established in 2017 with the support of its founders and institutional investors. It has been awarded funding support from The Michael J. Fox Foundation for Parkinson’s Research (MJFF) and The Silverstein Foundation for Parkinson’s with GBA, as well as from the Eurostars-2 joint program with co-funding from the European Union Horizon 2020 research and Innosuisse. In July 2020, Gain Therapeutics, Inc. completed a share exchange with Gain Therapeutics, SA, a Swiss corporation, whereby GT Gain Therapeutics SA became a wholly owned subsidiary of Gain Therapeutics, Inc.
New Stocks added to Mining Stocks Directory:
Global Helium Corp. (CSE:HECO) is an exploration stage company focused on the exploration, acquisition, development, and production of helium to meet the needs of increasing helium demand and shrinking helium supply in North America and around the world. The Company has a seasoned team of industry professionals and technical experts and has established connections with North American and international helium buyers. Together, the team has captured 100%-owned permits encompassing hundreds of thousands of acres prospective for helium in Saskatchewan’s well-established helium fairway.
New Stocks added to Natural Gas Stocks Directory:
VINE ENERGY INC. (NYSE:VEI) is an energy company focused exclusively on the development of natural gas properties in the stacked Haynesville and Mid-Bossier shales in the Haynesville Basin of Northwest Louisiana. The company employs a relentless focus on generating free cash flow and shareholder returns while demonstrating environmental, social and governance leadership.
New Stocks added to Water Stocks Directory:
Water Ways Technologies Inc. (TSXV: WWT) through its subsidiaries, is a global provider of Israeli-based agriculture technology, providing water irrigation solutions to agricultural producers. Water Ways Technologies competes in the global irrigation water systems market with a focus on developing solutions with commercial applications in the micro and precision irrigation segments of the overall market. At present, Water Ways Technologies' main revenue streams are derived from the following business units: (i) Projects Business Unit; and (ii) Component and Equipment Sales Unit. Water Ways Technologies is capitalizing on the opportunities presented by micro and smart irrigation, while also making a positive mark on society by making these technologies more widely available, especially in developing markets such as Africa and Latin America and developed markets such as China and Canada. Water Ways Technologies irrigation projects include vineyards, Cotton fields, Apple and Orange orchards, Blueberries, Medical Cannabis, fresh produce cooling rooms and more, in over 15 countries.
New Stocks added to Wine Stocks Directory:
Duckhorn Portfolio, Inc. (NYSE:NAPA) is the premier producer of luxury wines in North America. The acclaimed Duckhorn Portfolio includes Duckhorn Vineyards, Decoy, Paraduxx, Goldeneye, Migration, Canvasback, Calera and Kosta Browne, each with its own dedicated winemaker.
New Stocks added to Restaurant Stocks Directory:
Olo Inc. (NYSE:OLO) powers digital ordering and delivery programs that connect restaurant brands to the on-demand world, placing orders directly into the restaurant through all order origination points – from a brand’s own website or app, third party marketplaces, social media platforms, smart speakers, and home assistants. Olo serves as the on-demand ordering and delivery platform for over 400 brands, such as Applebee’s (DIN), Checkers & Rally’s, Cheesecake Factory (CAKE), Chili’s (EAT), Dairy Queen, Denny’s (DENN), Five Guys Burgers & Fries, Jamba Juice (JMBA), Noodles & Company (NDLS), Portillo’s Hot Dogs, Shake Shack (SHAK), sweetgreen, Wingstop (WING), and more. SKIP THE LINE®
The directories are not meant as recommendations but as a research tool to discover opportunities and trading ideas in a particular sector.
Investors can trade these stocks and other ideas on our site using our list of top stock trading apps including Robinhood, Acorn, Stash and others.
About Investorideas.com - News that Inspires Big Investing Ideas
Investorideas.com publishes breaking stock news, third party stock research, guest posts and original articles and podcasts in leading stock sectors. Learn about investing in stocks and get investor ideas in cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy, gaming and more. Investor Idea’s original branded content includes podcasts and columns : Crypto Corner , Play by Play sports and stock news , Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast , Cleantech and Climate Change , Exploring Mining , Betting on Gaming Stocks Podcast and the AI Eye Podcast.
Learn about investing in stocks and sector trends with our news alerts, articles, podcasts and videos, looking at cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy and more. Investor Idea's original branded content includes the following podcasts and columns: Crypto Corner, 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, Exploring Mining and the AI Eye.
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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.
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Thursday, May 27, 2021
Wednesday, May 26, 2021
Investor Ideas #Potcasts 569, #Cannabis News and #Stocks on the Move; (NASDAQ: $ACB) (TSX: $ACB.TO) (CSE: $AAWH.UC) (CSE: $HARV.C) (OTCQX: $HRVSF) (TSXV: $NOVC.V)
Investor Ideas #Potcasts 569, #Cannabis News and #Stocks on the Move; (NASDAQ: $ACB) (TSX: $ACB.TO) (CSE: $AAWH.UC) (CSE: $HARV.C) (OTCQX: $HRVSF) (TSXV: $NOVC.V)
Delta, Kelowna, BC, May 26, 2021 (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:
https://www.investorideas.com/Audio/Podcasts/2021/052621-StocksToWatch.mp3
Read this in full at https://www.investorideas.com/news/2021/cannabis-potcasts/05261ACB-AAWH-HARV-NOVC.asp
Hear Investor ideas cannabis potcast on iTunes
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 public company announcements.
Aurora Cannabis Inc. (NASDAQ: ACB) (TSX: ACB), the Canadian company defining the future of cannabinoids worldwide, announced that it has completed the transfer of its stock exchange listing to The Nasdaq Global Select Market ("Nasdaq") from the New York Stock Exchange ("NYSE") after the market close on Monday.
The Company's common stock began trading as a Nasdaq-listed security at market open on May 25, 2021 and will continue to be listed under the ticker symbol "ACB." This transition does not impact the Company's primary listing on the Toronto Stock Exchange (TSX: ACB). Aurora shareholders DO NOT need to take any further action.
Transfering the listing to the Nasdaq is part of Aurora's recently announced cost efficiency initiatives and aligns the Company with other cannabis peers on an exchange known for innovative and growth-oriented companies.
The last day of trading of the Company's common stock on NYSE was May 24, 2021.
Harvest Health & Recreation Inc. (CSE: HARV) (OTCQX: HRVSF), a vertically integrated cannabis company and multi-state operator in the U.S., today announced the opening of a new medical dispensary in York, Pennsylvania.
Harvest of York is located at 2300 E Market St, York and is open Monday through Saturday from 9:00 am to 8:00 pm and Sunday from 10:00 am to 6:00 pm. Additional Harvest dispensaries in Pennsylvania are located in Camp Hill, Cranberry Township, Harrisburg, Johnstown, King of Prussia, Reading (two locations), Scranton, and Whitehall.
"We are excited to open our tenth Harvest-affiliated location in Pennsylvania, one of the fastest growing medical markets in the U.S." said Chief Executive Officer Steve White. "We look forward to serving patients and providing quality products at this new location in one of our core markets."
Ascend Wellness Holdings, Inc. (CSE: AAWH.U), a multi-state, vertically integrated cannabis operator, and Edie Parker, a luxury fashion brand known for its vintage-inspired clutches and handbags, today announced an exclusive wholesale licensing agreement to bring the most coveted products from Edie Parker's sister brand, Flower by Edie Parker, to AWH retail locations in Illinois and Massachusetts.
The agreement will allow AWH to produce Flower by Edie Parker pre-rolls for sale at AWH's retail locations in two cannabis markets expected to nearly triple in size between 2020 and 2022, according to data from CB Insights and state reports. Flower by Edie Parker first expanded beyond California earlier this year with the launch of sales in Colorado, their presence now spanning four states with the addition of Illinois and Massachusetts. This agreement reinforces AWH's position as an industry-leading operator on the forefront of bringing popular West Coast brands to Midwest and East Coast markets.
"Edie Parker is a nationally-recognized, celebrity-backed brand and we’re thrilled to bring products from its cannabis-centric sister brand, Flower by Edie Parker, to our consumers in the Midwest and East Coast,” said Abner Kurtin, Chief Executive Officer of AWH. "This partnership provides Ascend with a unique opportunity to expand key product categories such as pre-rolls and target the rapidly growing female consumer sector. We are continuously working to diversify our Ozone offering and meet the distinct preferences of all consumer segments, and we're delighted to introduce a female-focused brand to our Midwest and East Coast clientele."
"Partnering with AWH allows us to bring our line of attractive and considered cannabis products to new audiences and empower even more modern consumers to openly celebrate the role that cannabis plays in their lives," added Brett Heyman, Founder and Creative Director of Flower by Edie Parker. "As an East Coast resident, I'm proud to finally share Edie Parker's distinct product line with my own community of cannabis enthusiasts."
AWH and Edie Parker are eager to provide the market's sophisticated, fashion-forward female cannabis consumer segment with an ultra-luxury brand and product line that caters to their interests. The female demographic now represents the fastest-growing consumer segment in the cannabis industry despite being underserved by the market. Women accounted for only 35% of legal cannabis sales in 2019, but their market share increased 1.6% year-over-year to 36.6% in 2020. The arrival of Flower by Edie Parker products to AWH retail locations will help meet the growing demand for female-centric brands and products to better serve female consumer demographics.
Nova Cannabis Inc. (TSXV: NOVC), announced today that it has been added to the Cannabis ETF (NYSE: THCX), an exchange traded fund listed on the NYSE Arca.
"As a newly listed company, Nova's inclusion in the THCX is a strong validation of our business strategy and unique, focused position within the retail cannabis landscape," said Darren Karasiuk, CEO of Nova. "We are excited that through the THCX ETF, more US and international investors will gain exposure to our strategy, which is purpose-built to disrupt cannabis retail in Canada by delivering an unparalleled value proposition to the high-volume, value-conscious consumers that makes up the majority of the cannabis marketplace."
Nova is one of Canada's largest and fastest growing cannabis retailers with a goal to disrupt the cannabis retail market by offering a wide range of high-quality cannabis products at every-day best value prices. The Company currently operates more than 55 locations across Alberta, Ontario, and Saskatchewan primarily under its Value Buds and Nova Cannabis banners. The Company is majority owned by Alcanna Inc. (TSX: CLIQ).
The THCX tracks the Innovation Labs Cannabis Index, a portfolio of 33 stocks that are expected to benefit from the growth of the legal global marijuana, cannabidiol ("CBD") and hemp industries. Nova's inclusion in the index is part of THCX's further expansion into various cannabis sub-themes, including Nova Cannabis' unique value-focused retail position. At the core of Nova's strategy is the recognition that inside the four walls of a retail store is the only place where brands will be built and the unparalleled value and prominence that brings to the retail sector of the cannabis market.
Investor ideas reminds all listeners to read our disclaimers and disclosures on the Investorideas.com website and that 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.
Learn more about our cannabis podcasts at https://www.investorideas.com/Audio/Potcasts.asp
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About Investorideas.com - News that Inspires Big Investing Ideas
Investorideas.com publishes breaking stock news, third party stock research , guest posts and original articles and podcasts in leading stock sectors. Learn about investing in stocks and get investor ideas in cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy, gaming and more. Investor Idea’s original branded content includes podcasts and columns : Crypto Corner , Play by Play sports and stock news , Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast , Cleantech and Climate Change , Exploring Mining , Betting on Gaming Stocks Podcast and the AI Eye Podcast.
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
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Tuesday, May 25, 2021
Monday, May 24, 2021
Friday, May 21, 2021
Investor Ideas #Potcasts 568, #Cannabis News and #Stocks on the Move; (TSX: $VLNS.TO) (OTCQX: $VLNCF) (TSX: $WEED.TO) (NASDAQ: $CGC) (CSE: $AAWH.U.C) (NEO: HALO) (OTC: $HCANF)
Investor Ideas #Potcasts 568, #Cannabis News and #Stocks on the Move; (TSX: $VLNS.TO) (OTCQX: $VLNCF) (TSX: $WEED.TO) (NASDAQ: $CGC) (CSE: $AAWH.U.C) (NEO: HALO) (OTC: $HCANF)
Delta, Kelowna, BC, May 21, 2021 (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:
https://www.investorideas.com/Audio/Podcasts/2021/052121-StocksToWatch.mp3
Read this in full at https://www.investorideas.com/news/2021/cannabis-potcasts/05211VLNS-WEED-AAWH-HALO.asp
Hear Investor ideas cannabis potcast on iTunes
Hear the investor ideas potcast on Spotify
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 public company announcements.
The Valens Company Inc. (TSX: VLNS) (OTCQX: VLNCF), a leading manufacturer of cannabis products, announced that it has received its first purchase order for Valens-manufactured products from Cannabis NB, a subsidiary of New Brunswick Liquor Corporation (ANBL) and the only legal recreational cannabis retailer in New Brunswick. With this purchase order, The Valens Company becomes an official supplier of cannabis products in the Province of New Brunswick.
"Our expansion into New Brunswick marks the third regional market we have entered since the beginning of 2021– a milestone we are incredibly proud of," said Tyler Robson, Chief Executive Officer, Co-Founder and Chair of The Valens Company. "While we recently announced our first foray into the CBD market in the US, we also remain committed to continuing our growth here at home in Canada as we continue to increase sales channels expected to drive revenues and national market share. We are focused on leveraging our expanding domestic distribution network to bring more Canadian consumers a range of new and unique products we expect to launch with our partners throughout the summer and beyond."
Cannabis NB currently operates 20 stores across 15 communities and offers a diversified portfolio of cannabis products including flower, extracts, concentrates, edibles, beverages and accessories. Valens' first shipment to New Brunswick will include a range of products from categories such as flower, pre-rolls, vapes and concentrates, with the opportunity to expand this offering in the coming quarters. Products created in partnership with Verse Cannabis will be included in the first shipment, such as the Verse Originals vape cartridges in Summer Berry and Sunset Peach and the newly launched Live Terp Killer Kush vape cartridge from the Verse Concentrates line. One of the first of its kind in the Canadian cannabis market, the Live Terp Killer Kush vape cartridge is comprised of pure live cannabis terpenes in a full spectrum extract created from fresh, flash frozen ultra-premium and BC-sungrown Killer Kush cannabis, offering a rich terpene profile. Valens-manufactured products are expected to be available in store and online in New Brunswick at the beginning of the third quarter.
In addition to New Brunswick, the Company's distribution network also includes Alberta, British Columbia, Manitoba, Ontario, Saskatchewan, and Yukon Territory. Valens continues to engage in discussions to bring its high-quality products to other private and government-regulated retailers across the country.
Canopy Growth Corporation (TSX: WEED) (NASDAQ: CGC), a world-leading diversified cannabis, CBD and vaporization device company announced the appointment of Martha Stewart as the company's official strategic advisor. In this new role, Martha will expand upon her existing relationship with the company, leveraging her vast knowledge of product development and branding expertise, to provide the company with dedicated counsel ranging from product innovation to format development and strategic partnerships.
Martha's appointment comes on the heels of the successful launch of Martha Stewart CBD in partnership with Marquee Brands and Canopy Growth. Launched in Fall 2020, the product line offers high-quality, CBD wellness supplements including gummies, softgels, and oil drops with flavor profiles inspired by some of Martha's most popular recipes. Martha Stewart CBD for Pet also launched earlier this year and includes oil drops and soft-baked chews in three gourmet flavor combinations and formulas designed to support pet mental and physical well-being.
Since launch, the product line-up has extended into top-selling gift boxes for occasions including Mother's Day and Valentine's Day, which sold out prior to the holiday due to high consumer demand. As mainstream awareness for CBD continues to increase, coupled with Martha's legacy as a trusted source for living well, the product line will continue to serve as a key area of growth for the business.
"Canopy Growth is committed to providing consumers with trusted CBD products with quality ingredients, and Martha Stewart has been a champion of our commitment since the inception of our partnership," said David Klein, Chief Executive Officer of Canopy Growth. "We are thrilled to deepen our relationship with Martha through this new advisory role. With her expansive business acumen and years of experience with the Canopy team, together we'll unleash the power of CBD to improve lives and create an unparalleled portfolio of brands."
Martha will play a pivotal role in shaping Canopy's product innovation pipeline through her counsel in the development of novel concepts, formats, flavors and strategic alliances. From the curation of new Martha Stewart branded products to curating products for Canopy's wider portfolio of brands, Martha's advisory role will help shape the future of the company's product development trajectory.
"Over the past year, demand and awareness for CBD products has skyrocketed. Working with the top researchers and scientists at Canopy Growth, I saw first-hand how dedicated the company is in producing high quality, safe and consistent products," said Martha Stewart. "Deepening my relationship with the business is a natural fit given our aligned dedication and passion for bringing consumers innovative and quality CBD products and I'm thrilled to share the benefits of CBD with consumers all over the country."
As momentum for the brand continues and demand for the Martha Stewart CBD product portfolio grows, Canopy Growth has also signed a distribution deal with Southern Glazer's Wine and Spirits, the world's pre-eminent distributor of beverage alcohol, as the select distributor for Martha Stewart CBD across the U.S. market. The distribution deal follows the recent announcement with Southern Glazer's and Canopy Growth to distribute Quatreau, Canopy's first line of CBD-infused beverages sold in the U.S. market. Southern Glazer's will initially distribute Martha Stewart CBD across seven states, with additional states in the months to come.
Ascend Wellness Holdings, Inc. (CSE: AAWH.U), has announced the opening of its Rochelle Park, New Jersey medical-use dispensary. The opening marks AWH's second Ascend location in the state and the first dispensary to operate in Rochelle Park.
Located at 174 Route-17 N, the dispensary will benefit from its position along one of the most highly-trafficked corridors in the country, seeing over 100,000 vehicles per day on average. It is the first cannabis dispensary to open in Rochelle Park, offering patients access to a wide selection of high-quality products across flower, pre-rolls, vapes, ingestibles and topicals.
The dispensary will employ 65 staff and immediately begin accepting new patients. The store is designed to accommodate high throughput, providing multiple customer touchpoints and offering patients express service through its streamlined online ordering and in-store pickup.
"We are thrilled to open Ascend Rochelle Park and remain committed to meeting patients' needs through an elevated patient journey," said Chris Melillo, Chief Revenue Officer of AWH. "Built to complete the customer purchase process quickly and at scale, our new location will help meet the rising demand for affordable, safe medical cannabis products in New Jersey. We are grateful for the support of Deputy Mayor Gail Artola and Rochelle Park residents in the opening of our dispensary."
There are currently 13 medical-use dispensaries in New Jersey serving the state's more than 100,000 registered medical marijuana patients. Ascend Rochelle Park dispensary is a key addition to New Jersey that will increase supply of medical cannabis products to better meet patients' needs.
AWH has proudly partnered with the Last Prisoner Project, a nonprofit organization dedicated to cannabis criminal justice reform, as part of its social equity and corporate responsibility initiative. AWH has matched the $125,000 total raised in customer donations ahead of the July 2021 goal.
Halo Collective Inc. (NEO: HALO) (OTC: HCANF) announced that its wholly-owned subsidiary Bophelo Bioscience & Wellness (Pty) Ltd. today welcomed Lesotho's Prime Minister, The Rt. Honorable Dr. Moeketse Majoro and six of his Cabinet Ministers to tour Bophelo's site. Ms. Louisa Mojela, the Executive Chairman of Halo and the Founder and Chairman of Bophelo, affirmed the groundbreaking opportunity created by the Lesotho Government by being the first country on the African continent to legalize the growing and cultivation of medicinal cannabis. On behalf of Halo and Bophelo, Ms. Mojela expressed her most profound gratitude for the Prime Minister and his cabinet's momentous visit. This important milestone for the country has brought meaningful and transformative change to the community and contributes to Lesotho's economy.
The Prime Minister has declared the Mafeteng area as the first Special Economic Zone ("SEZ") in Lesotho and the first in the world to include medicinal cannabis. Bophelo is currently the only enterprise that is fully operating in the SEZ and has plans to further maximize the benefits afforded by the zone. To the Company's knowledge Bophelo is the first cannabis company in the world to be part of an SEZ. The Mafeteng Special Economic Zone was created to attract the leading private sector participants to develop a center of innovation for the agriculture and pharmaceutical industries.
Halo and Bophelo have made great strides in developing the local labor force and infrastructure, becoming one of the larger employers in Lesotho with hundreds of local employees.
Andreas Met, Managing Director of Bophelo and Co-Founder of Halo, says, "It was a great honor to show our accomplishments—and specially to introduce our young Basotho leadership team, including Moeti Marai and Puleng Mabula. It's incredible to be working hand-in-hand with a national government that shares our mission and fully supports the cultivation of medicinal cannabis as a key industry, understanding the huge positive impact cannabis can make in peoples' lives as both a medicine and an economic driver wealth creation for the people of Lesotho."
Halo and Bophelo are expected to receive both Good Manufactures Practices ("GMP") and Good Agricultural and Collection Practices ("GACP") certifications from the quality growing and manufacturing consultant, Pharmaconsulta Ltd., following multiple site visits and a comprehensive review of the company's standard operating procedures. With the addition of these certifications, the company will be able to supply the European market with sun-grown quality cannabis and further invest in African economies and provide growing support for the people of these communities.
Ms. Mojela said, "Bophelo is committed to developing young talent through the creation of much-needed jobs, transfer of skills, and enterprise development. I am personally committed to creating a company that has strong environmental, social and corporate governance ("ESG") principles."
In addition, Kiran Sidhu, CEO of Halo, states: "We have remained committed to building a strong relationship with Lesotho over the past few years, we have tried a lot of different cannabis strains over the past two years and gained valuable knowledge to be able to produce very profit-oriented cannabis flower on a large scale."
Sidhu continues: "We are thrilled to be a part of Lesotho's economic growth and additionally to create work and learning opportunities for young people. This program will only grow with the GACP certification and remains our stated priority."
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