Investor Ideas #Potcasts #Cannabis News and Stocks on the Move: TSX: $WEED.TO, NYSE: $CGC, CSE: $TER.C, TSX: $ACB.TO, CSE: $MTEC.C
Delta, Kelowna, BC - October 9, 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.
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Investor Ideas #Potcasts #Cannabis News and Stocks on the Move: TSX: $WEED.TO, NYSE: $CGC, CSE: $TER.C, TSX: $ACB.TO, CSE: $MTEC.C
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Today's podcast overview/transcript:
Good afternoon and welcome to another Investorideas.com Potcast - following Cannabis news, stocks to watch as well as insights from thought leaders and experts.
Today we will be looking at announcements from Canopy Growth Corporation trading on the TSX as WEED and the NYSE as CGC, TerrAscend Corp. trading on the CSE as TER, Aurora Cannabis Inc. trading on the TSX as ACB and Cannvas MedTech Inc. trading on the CSE as MTEC,
First looking at Canopy Growth Corporation where licence amendments for Canopy Growth Corporation's wholly-owned subsidiary, BC Tweed Joint Venture Inc. and its majority-owned joint venture, Les Serres Vert Cannabis Inc. (Vert Cannabis) were issued by Health Canada, collectively representing approximately 1.1 million sq. ft. of new greenhouse growing space on Canada's largest cannabis platform.
The Company has, through its subsidiaries, established a 5.6 million sq. ft. platform, which is now over 75% licensed. This infrastructure will increase the quantity and diversity of products available to retail and wholesale customers in the recreational market and fortify the supply of cannabis products available to its medical customers.
"Our regulatory team and the teams in Delta and Mirabel have worked hard to bring these large-scale greenhouses online. Credit is due to these teams and the entire organization as we continue the push forward into a transformative year for our business," said Mark Zekulin, President and co-CEO, Canopy Growth.
These licence amendments are a major step forward but more capacity is required before the entire Canopy Growth platform is operational.
Another big moment for Canopy Growth today, as well the Cannabis industry at large, as the company has completed the first legal transfer of cannabis products to a research partner in the United States. To the Company's knowledge, this transfer is the first export of legal cannabis products from Canada to the United States pursuant to an import permit issued by the federal United States Drug Enforcement Administration (DEA). The shipment was completed for the sole purpose of supporting medical research and development.
Currently, sources of federally regulated cannabis in the United States are limited in scope and genetic diversity. Canopy Growth believes that it can add value to the market and enable the development of rigorous testing standards for products, while advancing the understanding of the risks and benefits of medical cannabis. The advancement of this research stands to serve Americans, Canadians and those around the world who may benefit from legal, approved cannabis based medical treatments.
"The United States presents a unique market opportunity and as the most established cannabis business in the world we, in turn, offer a unique ability to advance standardization, IP development, and clinical research that can improve the understanding and legal application of cannabis and cannabinoids," said Mark Zekulin, President and Co-CEO, Canopy Growth. "By engaging in the market through federally legal means and with the right partners, we can create a US-based centre of expertise while also supporting our rapidly expanding global business."
TerrAscend Corp. today announced that the Company intends to explore and pursue growth opportunities in the US, including potential acquisitions of operators in states that have legalized cannabis for therapeutic or adult-use. The Company has identified acquisition prospects with significant market share, strong brand recognition and substantial global potential. With an experienced management team, engaged board, and supportive shareholder base, TerrAscend's goal is to become the leading multi-state operator in the US cannabis industry while continuing to capitalize on sizable opportunities in Canada and the rest of the world.
To support its new strategy, the Company has entered into an agreement with Canopy Growth Corporation, Canopy Rivers Corporation (a subsidiary of Canopy Rivers Inc. (TSXV: RIV)) and entities controlled by Jason Wild, Chairman of the Company ("JW Asset Management"), to reorganize the capital of the Company and obtain waivers of certain contractual covenants currently restricting TerrAscend from operating in the United States.
"We see a tremendous opportunity for TerrAscend shareholders to benefit from an early-mover strategy as we grow our business organically and through disciplined acquisitions in those states and countries that have legalized cannabis," said Michael Nashat, President and Chief Executive Officer of TerrAscend. "Thanks to the ongoing collective support from Canopy Growth, Canopy Rivers and JW Asset Management, our proposed capital reorganization will position TerrAscend to pursue value-generating growth on a global scale."
Aurora Cannabis Inc. announced today that the Company has filed an application to list its common shares on the New York Stock Exchange ("NYSE").
Listing of the Company's common shares on the NYSE remains subject to the approval of the NYSE and the satisfaction of all applicable listing and regulatory requirements. Aurora anticipates that, subject to receipt of all required approvals, trading in its common shares on the NYSE will commence before the end of October 2018. In advance of the intended listing, the Company has filed a Form 40-F Registration Statement with the United States Securities and Exchange Commission.
Aurora's shares will trade on the NYSE under ticker symbol "ACB", the same symbol the Company's common shares currently, and will continue to, trade under on the Toronto Stock Exchange (TSX). Aurora will also continue to trade on the OTCQX under the ticker symbol "ACBFF" until completion of the NYSE listing. Upon receipt of all required approvals and completion of the formal listing process, the Company will publicly announce its first trading date on the NYSE. Aurora furthermore intends to voluntarily delist its shares from the OTCQX at such time.
Cannvas MedTech Inc. Announced today that the long awaited Cannvas.Me, its first cannabis-centric service offering to the public, is now available online at http://Cannvas.Me.
Cannvas.Me is an unbiased educational resource for medicinal and adult-use cannabis users. It is a comprehensive solution for the global cannabis community offering innovative tools and physician-backed content to all audiences wishing to learn about health care through cannabis.
"As the legalization of cannabis in Canada quickly approaches, Cannvas.Me fills the knowledge gap with credible information on the potential benefits of cannabis brought forth by physicians and certified educators," said Shawn Moniz, Chief Executive Officer, Cannvas MedTech Inc. "The Cannvas.Me educational portal has something for just about everybody with information available to users where and when they need it. Whether on a tablet in a medical clinic, at home on a desktop or anywhere on a mobile device, Cannvas.Me provides valuable educational content with no interference from LPs and no pressure to purchase or consume."
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