Investor Ideas #Potcasts; #Cannabis News
and Stocks on the Move; CSE: $CRZ.C,
CSE: $HUGE.C, CSE: $PUF.C
Pt. Roberts, WA; Delta, BC –July 3, 2018
(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 its series, 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 http://www.investorideas.com/news/2018/cannabis/07035Potcasts-CSE-CRZ-HUGE-PUF.asp
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’s podcast features news from
CannaRoyalty
Corp. trading on the CSE as CRZ and the OTCQX as CNNRF, FSD Pharma Inc. trading on the CSE as HUGE
and PUF Ventures Inc. trading
on the CSE as PUF.
CannaRoyalty Corp., a leading
North American cannabis products and brands company, announced today that it
has closed the previously announced acquisition of FloraCal® Farms, a licensed
premium craft cannabis producer located in Sonoma County, California.
"The
evolution of our relationship with FloraCal to the close of the acquisition
today, is directly aligned with the strategic framework we have outlined for
shareholders and is a model that we intend to replicate in a targeted fashion
across key verticals of the California market in the coming years," said
Marc Lustig, CEO of CannaRoyalty. "As one of the state's largest
third-party cannabis consumer brand distributors, we are strategically
positioned to foster the growth of both our retailer and brand customers'
businesses, while generating proprietary market data and consumer insights to
ensure we are in a position to acquire or otherwise partner with brand leaders
in the space as they establish themselves."
FSD Pharma
Inc. provided an update on the progress of the joint venture between its
wholly-owned subsidiary, FV Pharma Inc. and Auxly Cannabis Group Inc. ( trading
on the TSX-Venture as XLY).
The first
phase of the buildout of the FV Pharma facility in Cobourg, Ontario has been
approved in an updated construction and development budget provided by Auxly.
Of the current 620,000 square feet of building space available, 220,000 square
feet will be developed and fully funded. As part of this project, Auxly will
contribute $55,000,000 to buildout the Facility.
The 220,000
square feet of cultivation and ancillary space will include a research and
development lab focused on advancements in LED lighting, nutrient testing,
breeding and genetics research. The first phase will also contain a dedicated
space for large-scale extraction capabilities. The Company expects first phase
construction to be completed and ready for Health Canada approval by the end of
December 2018. Pending regulatory approval, the Company expects to plant the
first harvest in the first phase by the end of January 2019. FSD retains a
50.1% stream (after all operating expenses are recovered plus a ten percent
profit is paid to FSD) of all cannabis and cannabis- derived products produced
at the Facility, under partnership with Auxly, in perpetuity.
PUF Ventures Inc. announced
that the science of plant propagation has arrived for the medical and
recreational cannabis growers of Canada. On June 29, 2018 the Company announced
the formation of Propagation Services Canada Inc. ("PSC") through a
partnership with Casey Houweling. By outsourcing propagation services licensed
producers of cannabis can significantly increase revenue while reducing the
risk association to cloning cannabis plants.
"Our
partnership with Casey brings the science of plant propagation to the emerging
cannabis industry in Canada on a large scale," said Derek Ivany, President
& CEO, PUF Ventures Inc. "We conducted a thorough analysis of the
industry and identified how plant propagation will bring significant benefits
to the many licensed producer operating in Canada. Not only does it simplify
operations, the additional product gained from the repurposed square footage generates
significant incremental revenue. Initial discussions with licensed producers
confirms their interest in Propagation Services Canada products."
Greenhouse
plant propagation is a specialization that is used all over the world for a
wide variety of plants. In Canada, the cannabis industry has become a
significant economic force with the legalization of cannabis scheduled for
October 17, 2018. Those licensed producers that eliminate costs and optimize
operations will succeed over the long-term. With the introduction of
propagation and the forming of PSC, PUF has taken a "first mover
advantage" position with regard to propagation in the cannabis market in
Canada.
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
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