Friday, April 28, 2023

Investor Ideas #Potcasts, #Cannabis News and #Stocks on the Move: $TCNNF, $TRSSF, SAFE Banking and Cannabis related Execution

 



 

Investor Ideas #Potcasts, #Cannabis News and #Stocks on the Move: $TCNNF, $TRSSF, SAFE Banking and Cannabis related Execution

 

Delta, Kelowna, BC, April 28, 2023 (Investorideas.com Newswire), investorideas.com,  a global news source covering leading sectors including marijuana and hemp stocks and its potcast site  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/2023/042823-Cannabis.mp3

 

Read this in full at https://www.investorideas.com/news/2023/cannabis-potcasts/04281TCNNF-TRSSF-SAFE.asp

 

Hear Investor ideas cannabis potcast on iTunes  

 

Hear the investor ideas potcast on Spotify

 

Today’s podcast overview/transcript:

 

In today’s podcast we go over a few public company announcements, the reintroduction of the SAFE Banking Act, a cannabis related execution in Singapore and cannabis in sports.

 

Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF), a leading and top-performing cannabis company in the United States, announced the grand opening of Georgia's first medical cannabis dispensary in Macon. The new dispensary will be open 10 AM - 7 PM, seven days a week and is located at 3556 Riverside Dr.

 

Trulieve will host a grand opening celebration today, on Friday, April 28 at 9:30 AM with a ribbon cutting, food trucks and merchandise giveaways.

 

The Company will open three more dispensaries this year located at:

       Columbus: 4238 Armour Road

       Newnan: 1690 E Hwy 34

       Pooler: 2002 Pooler Parkway

"We believe that access to medical cannabis improves lives, and Trulieve is proud to be the first to provide that access to the state of Georgia," said Kim Rivers, CEO of Trulieve. "We look forward to providing high quality products and an elite experience."

 

TerrAscend Corp. (CSE: TER) (OTCQX: TRSSF), a leading North American cannabis operator today announced that it has entered into a 5-year licensing agreement with international cannabis brand, Cookies, to cultivate and manufacture Cookies products in Maryland. The Agreement provides Maryland patients and future adult-use customers access to all of Cookies' current flavours including Gary Payton, Cereal Milk, Georgia Pie, The Soap, Medellin and Pancakes. Cookies strains and products are now available in Maryland in limited quantities at both Company-owned retail as well as third-party dispensary locations. The Company expects the full menu to begin appearing on dispensary shelves shortly.

 

On January 30th, 2023, TerrAscend announced the acquisition of Allegany Medical Marijuana Dispensary, a high-performing medical dispensary in Cumberland, Maryland that will rebrand as The Apothecarium. The company has also completed and operationalized a state-of-the-art 156,000-square-foot cultivation facility in Hagerstown.

 

"Using the same strategy implemented and executed in New Jersey a year ago, Maryland is poised to bring similar success as the state prepares to launch its adult-use program in July," said Jason Wild, Executive Chairman of TerrAscend. "TerrAscend is excited to extend this partnership and bring Cookies' full menu of high-quality genetics to Maryland. We look forward to providing patients and future adult-use customers with more of the world-class products and experiences they deserve."

 

"Maryland has shown Cookies love for products currently in the market, and we could not be more excited to expand our reach with TerrAscend," said Berner, Co-Founder and CEO of Cookies. "We're excited to launch a fresh menu of California flavors, expand our product selection and our presence on the East Coast with TerrAscend."

 

One news story that has seen some cannabis stocks rallying was of a group of bipartisan lawmakers who have reintroduced the Secure and Fair Enforcement (SAFE) Banking Act in the House and Senate on Wednesday, after the legislation designed to free up banking services for the cannabis industry stalled in last year’s Congress.

 

The bill, which has been tweaked since last session, was introduced by Sen. Jeff Merkley, D-Ore., Sen. Steve Daines, R-Mont., Rep. Dave Joyce, R-Ohio, and Rep. Earl Blumenauer, D-Ore.

 

If the critical banking and financial protections advance through committees, they could see a vote on the Senate floor for the first time. The bill, which has always had strong bipartisan support, passed in the House seven times previously.

 

“For the first time, we have a path for SAFE Banking to move through the Senate Banking Committee and get a vote on the floor of the Senate,” Merkley said in a statement. “Let’s make 2023 the year that we get this bill signed into law so we can ensure that all legal cannabis businesses have access to the financial services they need to help keep their employees, their businesses, and their communities safe.”

 

Senate Majority Leader Chuck Schumer, D-N.Y., expressed his support for the legislation on Thursday and said he would work to make sure the legislation includes criminal justice provisions when it reaches the floor.

 

Cannabis companies like Trulieve Cannabis Corp. (CSE:TRUL) and Terrascend Corp (OTC:TRSSFsaw their shares rise by double-digit percentages on Thursday. The bipartisan nature of the SAFE Banking Act’s reintroduction appeared to boost hopes of more relief to come in the industry.

 

“The SAFE Banking Act will provide urgently needed relief to cannabis businesses of all sizes and act as a stepping stone to broader reforms,” said Matt Darin, CEO of multistate cannabis operator Curaleaf Holdings Inc. (OTC:CURLF), in a statement after the bill’s reintroduction.

 

“This legislation will save lives and livelihoods. It is past time that Congress addresses the irrational, unfair, and unsafe prohibition of basic banking services to state-legal cannabis businesses,” said Blumenauer, founder and co-chair of the Congressional Cannabis Caucus.

 

While many investors and cannabis operators are hopeful, there is an equal amount of hesitancy and scepticism towards the success of this bill being passed due to the many failed attempts in the past and fact that many of the lawmakers who have put this bill forward seem to be compelled to overreach and try to include further cannabis legislation which could see this bill fail to pass through the Senate.

 

In a recent story from CNN, A Singaporean man convicted of trying to traffic around 2.2 pounds of cannabis was executed on Wednesday, a sentence that has been heavily condemned by civil rights groups and campaigners as well as those within the cannabis industry for its severity at a time when many other nations, including neighboring countries, have adopted a more lenient approach towards drugs and capital punishment.

 

While cannabis has been legalised in a growing number of nations worldwide, Singapore maintains some of the world’s harshest drug laws and its government remains adamant that capital punishment works to deter drug traffickers and must remain in place to maintain public safety.

 

Tangaraju Suppiah, a 46-year-old Singaporean, was put to death on Wednesday in Changi Prison, Singapore Prison Service said in a brief statement.

 

His sister Leelavathy Suppiah told CNN that her brother had been hanged and that the family had received a death certificate. It was Singapore’s first execution in six months.

 

In the days leading up to Tangaraju being sent to the gallows, family members and activists made public appeals for clemency and questioned the safety of his conviction. The European Union’s office in the city state and a United Nations’ rights office had also called for Singapore not to carry out his hanging.

 

Singapore's pre-execution photos seek to soften a policy activists say doesn't work

Tangaraju was sentenced to death in 2018 for “abetting the trafficking of more than one kilogram of cannabis (1,017.9 grams),” according to a statement from the Central Narcotics Bureau (CNB). The court found he was in phone communication with two other men caught trying to smuggle cannabis into Singapore.

 

Previous appeals against his conviction and death sentence were dismissed by the courts in 2019 while petitions for presidential clemency were also unsuccessful, CNB added.

 

“Tangaraju was accorded full due process under the law and had access to legal counsel throughout the process,” CNB’s statement said while describing capital punishment as “part of Singapore’s comprehensive harm prevention strategy.”

 

Family members and rights groups who took up Tangaraju’s cause rejected the government’s claims and detailed why they believed his death sentence conviction was unsafe.

“Tangaraju’s conviction relied mainly on statements from his police interrogation – taken without a lawyer and interpreter present – and the testimony of his two co-accused, one of which had his charges dismissed,” Amnesty International said.

 

“In countries that have not yet abolished this punishment, international safeguards require that the death penalty be imposed only when the guilt of the person charged is based upon clear and convincing evidence leaving no room for an alternative explanation of the facts – and after a legal process which gives all possible safeguards to ensure a fair trial,” Amnesty added.

 

Tangaraju’s sister Leelavathy spoke of her brother’s anguish and determination before his death sentence was carried out.

 

In other recent news, US long jumper Tara Davis-Woodhall has been stripped of her recent national indoor title and hit with a one-month suspension after a positive test for cannabis, the US Anti-Doping Agency (USADA) announced Tuesday.

 

USADA said Davis-Woodhall tested positive for THC, a chemical found in cannabis, marijuana and hashish. Her positive test was from the result of a sample collected in competition at the 2023 USA Track and Field indoor championships in Albuquerque, New Mexico, on February 17, the same day she had won the title with a jump of 6.99 metres.

Davis-Woodhall, 23, has already completed her suspension, which she began serving on March 21.

 

The positive test means Davis-Woodhall lost her title, as she was disqualified from all competitive results obtained on and subsequent to February 17, including forfeiture of any medals, points and prizes.

Cannabis, marijuana, and hashish are still considered prohibited substances under World Anti-Doping Agency (WADA) rules.

 

“WADA seeks input on each year’s updated version of the Prohibited List,” USADA’s press release states. “USADA has advocated and will continue to advocate to WADA, the rule maker, to treat marijuana in a fairer and more effective way to identify true in-competition use.”

 

Meanwhile in other US sports we have seen cannabis and THC be removed from testing in institutions like the NBA and NFL.

 

Per WADA rules, THC allows for a reduced three-month suspension if the athlete establishes the substance was taken out of competition and unrelated to sport performance. USADA said Davis-Woodhall’s case was reduced to one month for those reasons and because she completed a substance abuse treatment program for her use of cannabis.

 

In 2021, US sprinter Sha’Carri Richardson had initially booked her spot at the Tokyo Olympics with a runaway victory in the women’s 100 metres at the US Olympic track and field trials in Eugene, Oregon, only to have her title stripped after testing positive for marijuana.

 

Richardson was suspended for a month. USA Track and Field opted not to select her as part of the women’s 4x100-metre relay pool after her suspension ended, keeping Richardson off the Olympic team.

 

This case shows some of the hypocrisy from the US as only months ago the country was still discussing the fight to bring WNBA star Brittney Griner, who has been in Russian custody since February 2022, back home to the US after the athlete was charged with cannabis related offences in Russia.

 

President Joe Biden confirmed her release via Twitter on December 8, 2022. “Moments ago I spoke to Brittney Griner. She is safe. She is on a plane. She is on her way home,” he wrote.

 

Griner’s freedom was negotiated in the United Arab Emirates in exchange for a convicted arms dealer and prior to her release, plenty of her fellow athletes are leading the charge to get her back to the United States.

 

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.

To hear more Investorideas.com podcasts visit: https://www.investorideas.com/Audio/.

The Investorideas.com podcasts are also available on iTunes ( Apple Podcasts) ,  Audible , Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio ,  Google Podcasts and most audio platforms available.

 

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

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.

 

Thursday, April 20, 2023

Investor Ideas #Potcasts, #Cannabis News and #Stocks on the Move: Happy #420! (TSX: $FAF.TO), (CSE: $CURA.C), #Mississauga and #UberEats

 



 

Investor Ideas #Potcasts, #Cannabis News and #Stocks on the Move: Happy #420! (TSX: $FAF.TO), (CSE: $CURA.C), #Mississauga and #UberEats 

 

Delta, Kelowna, BC, April 20, 2023 (Investorideas.com Newswire), investorideas.com,  a global news source covering leading sectors including marijuana and hemp stocks and its potcast site  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/2023/042023-Cannabis.mp3

 

Read this in full at https://www.investorideas.com/news/2023/cannabis-potcasts/04201FAF-CURA-Mississauga-UberEats.asp

 

Hear Investor ideas cannabis potcast on iTunes  

 

Hear the investor ideas potcast on Spotify

 

Today’s podcast overview/transcript:

 

Happy 4/20! In today’s podcast we go over a few public company announcements, retail cannabis in Ontario and UberEats in B.C.,

 

Fire & Flower Holdings Corp. (TSX: FAF) (OTCQX: FFLWF), a leading cannabis consumer retail and technology platform announced advancements in the relationship between the Company's strategic partner, Alimentation Couche-Tard Inc. and Fire & Flower through the completion of a Master Licence Agreement with MC Cannabis Inc., an indirect wholly-owned subsidiary of Couche-Tard.

 

Overview of the Master Licensing Agreement

       Fire & Flower will have the exclusive right of first opportunity to negotiate with Couche-Tard with respect to entering new retail cannabis businesses and franchise arrangements in Canada, as well a potential retail expansion to additional legal cannabis markets outside of Canada.

       Couche-Tard has exclusively committed to developing Fire & Flower branded retail cannabis stores in Ontario under the Master Licensing Agreement.

       The first five Fire & Flower branded retail cannabis stores will be recently opened co-located stores, adjacent to Circle K convenience stores in the Greater Toronto Area that are currently operating as MC Cannabis Inc. and will be re-branded to Fire & Flower.

 

Benefits of the Master Licensing Agreement

       Leverages Couche-Tard real estate footprint and resources to develop licensee stores.

       Gives Fire & Flower the opportunity to expand its system sales, brand presence and the Hifyre™ digital retail platform in Canada and, through the exclusive right of first opportunity, to participate alongside Couche-Tard in a potential expansion to additional legal cannabis markets outside of Canada.

       Expands reach of the Spark Perks™ membership program and industry-first Spark Marketplace App.

 

"With the signing of this agreement, we have achieved another important step forward with our strategic partner, Couche-Tard. We continue to work closely together to build a sustainable growth engine, leveraging Couche-Tard's high quality real estate assets, retail operations expertise and capital, accelerating our path to profitability and goal of free cash flow," shared St├ęphane Trudel, Chief Executive Officer of Fire & Flower. "Successful retail is built on delighting our customers with great locations, people and products. Today, we have expanded our ability to grow the Fire & Flower network in Canada and other international legal cannabis markets by adding this scalable building block that we can further refine together in the first federally legal cannabis market in the world."

 

"Couche-Tard is pleased to have entered into a Master License Agreement with Fire & Flower. The Hifyre digital retail platform, including the Spark Perks membership program and the Spark Marketplace app, will bring a distinct competitive advantage to our cannabis stores. The current co-located cannabis stores adjacent to Circle K locations and anchored by convenience stores, fuel and car wash offerings are showing growth and we look forward to combining this with the recognized Fire & Flower brand and technology-enabled shopping experience to make it easy for customers," shared Steve Pitts, Vice-President of Operations, Central Canada, of Couche-Tard.

 

"As we look to markets opening in the United States and Europe, we will work alongside our strategic partner to expand Fire & Flower to international markets," shared St├ęphane Trudel, Chief Executive Officer of Fire & Flower.

 

Curaleaf Holdings, Inc. (CSE: CURA) (OTCQX: CURLFannounced that as of Monday, April 17th, the Board of the New Jersey Cannabis Regulatory (CRC) reversed itself and voted to approve Curaleaf's adult-use cannabis licences.

 

The CRC Board's decision came after first voting to vacate their decision from Thursday, April 13th, when they attempted to deny Curaleaf's adult use licence renewals.

 

Said Curaleaf CEO Matt Darin, "Today's decision by the CRC Board to vacate their unprecedented action last week is an incredible victory for our 500 NJ team members and vindication for what we knew all along: Curaleaf is in good standing with the CRC and has fulfilled every requirement necessary for the renewal of our licences. I am incredibly proud of and grateful to every one of the hundreds of dedicated team members who showed up today, not just for their jobs and livelihoods, but for a better, safer cannabis industry in New Jersey."

 

In previously attempting not to renew Curaleaf's adult use licences, the CRC Board had disregarded the Commission's staff recommendation to renew Curaleaf's adult use licences and the fact that the company has no pending violations.

 

As part of the approval, Curaleaf will be providing the Commission with additional information regarding its labour practices and confirm its ongoing compliance with New Jersey law.

 

Said Curaleaf Chairman Boris Jordan, "This decision by the Board is a victory for Curaleaf, a company that has proudly generated tens of millions of tax dollars for the State, invested upwards of $75M more to support its cannabis industry, and supplied cannabis products to nearly all of New Jersey's licensed dispensaries, including social equity licence holders. Curaleaf remains open for business and will continue working collaboratively with the CRC Board and its staff to ensure our good standing in the State of New Jersey."

 

In recent news, Ontario’s largest city which had banned retail cannabis stores up until this point, voted this Wednesday to opt in.

Mississauga, Ont., was one of dozens of municipalities to ban retail cannabis stores from their communities when cannabis legislation came into effect in 2018.

 

The city council voted Wednesday 8-4 to opt in.

 

Mayor Bonnie Crombie spoke in favour, saying she had supported opting out in 2018, hoping the province would give municipalities greater control over location of stores. The Alcohol and Gaming Commission of Ontario is responsible for issuing licences and in municipalities that have opted in, one of the only restrictions on location is that stores must be at least 150 metres away from a school. Now after five years, it’s clear the province will not be granting any additional oversight powers to municipalities, Crombie said.

 

“I’ve watched and observed the experience in other municipalities and it does seem to sort itself out,” she said.

 

“There hasn’t been the clustering that we have been concerned about … All I have observed over the past five years is the proliferation of illegal stores and I don’t want that here. We can’t close them down. We don’t have the ability to close them down and if we’re going to have a product for sale in Mississauga, let’s make it a safe product for goodness sake.”

 

Coun. Dipika Damerla put forward the motion, saying that opting out of the legal framework has allowed illegal stores to flourish in the city, including one in her ward that police have unsuccessfully tried six times to shut down.

 

“So the goal today here is not a choice between no stores and legal stores,” she said. “The choice today is illegal stores, the profits of which are going to create more illegal activity, or legal stores.”

 

“According to the OCS, Mississauga continues to be disproportionately served by the illegal market, compared to communities that have ‘opted in,'” the Mississauga staff report says.

 

In a statement, representatives for OCS said they support Mississauga's decision to lift the ban, saying the choice "marks a major step forward as the cannabis industry continues to evolve within the legal framework."

 

In other news, Uber Eats is now offering cannabis deliveries in British Columbia.

 

The tech company has partnered with cannabis company Leafly to offer the service, which became available as of Tuesday. The two companies have already been offering cannabis deliveries in Ontario since October 2022.

 

Those over 19 years of age will be able to place cannabis orders through their UberEats app and have them delivered by provincially certified staff. The app will now feature a “recreational cannabis” category, and ask for age verification.

 

"More British Columbians are accessing legal cannabis than ever before. We are partnering with industry leaders like Leafly to help retailers offer safe, convenient options for people in British Columbia to purchase legal cannabis for delivery directly to their homes. This will help reduce impaired driving and improve road safety," said Klaas Knieriem, General Manager of New Verticals for Uber Eats Canada.

 

"Over the last few years, we have invested heavily in our delivery offering and selection has expanded tremendously. Uber Eats has grown quickly to become a versatile platform usable by diverse businesses large and small."

 

"Leafly has been empowering the cannabis marketplace in Canada for more than four years and we support more than 850 cannabis retailers in British Columbia. We are thrilled to work with Uber Eats to help licensed retailers bring safe, legal cannabis to people across the province," said Yoko Miyashita, CEO of Leafly.

 

There will be 13 cannabis stores in B.C. that will be available to deliver through Uber Eats to start. Ten of those dispensaries are located in Vancouver, along with two in Victoria, and one in New Westminster.

 

Cannabis deliveries in B.C. are not anything new however, as home delivery for non-medicinal cannabis has been allowed in B.C. since July 2021 and has also been available through Canada Post since July 2022.

 

 

 

 

 

 

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.

 

To hear more Investorideas.com podcasts visit: https://www.investorideas.com/Audio/.

The Investorideas.com podcasts are also available on iTunes ( Apple Podcasts) ,  Audible , Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio ,  Google Podcasts and most audio platforms available.

 

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

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.