Investorideas.com - Cannabis Stock News: Supreme Cannabis (TSX: FIRE) (OTCQX: SPRWF) Expands 7ACRES to New Markets
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Wednesday, December 18, 2019
Investor Ideas #Potcasts; #Cannabis News and #Stocks on the Move; (TSX: $FIRE.TO) (CSE: $GGB.C) (CSE: $TRUL.C) (TSXV: $ENW.V)
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.
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
Learn more about our cannabis podcasts at https://www.investorideas.com/Audio/Potcasts.asp
Investorideas.com podcasts are also available on iTunes, Spotify, Google Play Music, Stitcher, Spreaker, YouTube via Spreaker, iHeartradio and Tunein.
Potcasts is now a certified word mark Trademark on the blockchain through Cognate, Inc. CM Certification-Registration Number: 10468217708
About Investorideas.com - News that Inspires Big Investing Ideas
Investorideas.com is a recognized news source publishing third party news, research and original financial content. 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 the AI Eye .
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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#CBD Vending Machines Help to Light up the Holidays for Consumers (OTCQB: $CANB) (CSE: $IAN.C) (TSX: $WEED.TO) (NYSE: $CGC) (OTC: $PURA)
#CBD
Vending Machines Help to Light up the Holidays for Consumers (OTCQB: $CANB) (CSE: $IAN.C) (TSX:
$WEED.TO) (NYSE: $CGC) (OTC: $PURA)
Point
Roberts WA, Delta BC – December 18, 2019 - Investorideas.com, a
leading investor news resource covering cannabis and hemp stocks releases a
special report on recent events with regards to new product and retail
developments in the CBD space as the holiday shopping season winds up,
featuring news from Canbiola, Inc. (OTCQB:
CANB).
CBD
products exploded in 2019 and are now more accessible through new retail
agreements and online sales. As the year rolled along, many consumers gained
more awareness of the CBD space. They have more trust and knowledge of the
products they are looking for as companies now offer more transparency and
education. This leads us to the 2019 Holiday Shopping Season which is giving
many CBD companies the opportunity to reinvigorate sales and introduce new
products and sales avenues.
Read this in full
at https://www.investorideas.com/news/2019/cannabis/12181CBD-VendingMachines-Holidays.asp
According
to recent data, “CBD Search
rates grew 126% between 2016 and 2017, then another 160% from 2017 to 2018, the
study said. People are estimated to search for “CBD” and “cannabidiol” 117.7%
more this year, compared to last year.”
Canbiola, Inc. (OTCQB:
CANB),a developer, manufacturer and seller of a variety of
hemp-derived THC-Free Cannabidiol (CBD) Isolate products such as oils,
drops/tinctures, creams, moisturizers, chews and capsules announced the
deployment of the first 10 Canbiola-branded CBD product dispensing machines.
As
previously announced, the initial focus of this new direct-to-consumer
marketing strategy will be to place the product dispensing machines in MRI
Centers, outpatient surgery centers, urgent and emergency care facilities,
physician offices, high traffic shopping malls, fitness and health clubs,
country club golf pro-shops, and even high-end hotels. Each product dispensing
machine will dispense a variety of up to 10 of Canbiola CBD products (SKU’s)
including hemp oil drops, CBD salve and CBD Cryo Gel. The product dispensing
machines include a video screen with an explanation of CBD, a doctor
interview/tutorial on the potential applications of CBD and certificate of
analysis (COA) for each product being sold.
The
sale and demographic data from the first 10 unit placements will be used to
gather and analyze data to dictate the placement of the planned deployment of
up to 150 units in 2020.
Canbiola
Chief Executive Officer, Marco Alfonsi commented, “The deployments of the
Canbiola branded CBD machines will not only increase revenue but based on the
placement in high visibility locations will dramatically increase brand
awareness and allow consumers to learn about CBD and place orders in an
environment outside of the internet or a traditional retail store.”
In
other news, the company announced that Green Grow Farms, for which the Company
has signed a definitive acquisition agreement (to acquire 51% of), has signed a
national Dealer agreement with “The Triminator” to re-sell their full line of
Hemp Industry products inclusive of harvesters, trimmers, dryer, buckers and
other related products. After much research, Green Grow has determined the “The
Triminator” manufactures some of the best equipment on the market today;
equipment that Green Grow will be using in its operations as well re-selling to
customers, primarily in the northeast region of the United States.
Green
Grow Farms is positioning itself for 2020 to, in addition to growing, being a
full service provider for the Hemp Growing Community in the northeast region of
the United States, providing the best in harvesting, bucking, drying, curing,
trimming and processing. Green Grow intends to make the capital commitment to
build the required infrastructure to provide turnkey solutions for all the
aforementioned services to hemp growers of the northeast for 2020. Green Grow
will continue to partner with or develop the finest array of automated
equipment for the hemp Industry.
CBD
For Life, a subsidiary of iAnthus
Capital Holdings, Inc. (CSE:
IAN),
(OTCQX:
ITHUF), which owns, operates and partners with best-in-class
regulated cannabis operations across the United States, recently announced that it
has now reached over 2,600 retail stores in the United States with its leading
CBD-infused wellness and self-care products.
In
addition to traditional retailers like Urban Outfitters, Dillard's, The
Hallmark Store and Wegman's, CBD For Life's products can now be found with top
shelf placement in newsstands in hundreds of high traffic areas including rail
stations, commuter terminals and airports. The Company also began a limited
roll out of products with UNFI Distribution, the largest natural foods
distribution company in the United States and Canada with over 43,000 customers
including natural foods grocers, health food markets and superstores. The Company's products are also available
online at CBDforlife.us, Dillards.com, UrbanOutfitters.com and were recently
re-launched at TheGrommet.com. CBD For
Life's rubs were recently featured on the Yahoo.com holiday shopping guide “7
classy stocking stuffers they'll never guess are under $25”, and
the company has now reached over 1000 5-star product reviews.
"We are thrilled that CBD products are in
such high demand this holiday season. On Black Friday alone this year, we saw a
nearly 300% increase in our average daily sales. Cyber Monday was similar. Our
holiday gift set, available through our website, is seeing incredible
sell-through. With the recent upgrades we've made to our website, e-commerce
fulfillment, and third-party logistics systems, we are ready to meet that
demand and can't wait to put smiles on thousands of faces on Christmas
Day!" said Julie Winter, Vice President at iAnthus and General Manager of
CBD For Life. "We are beginning our fifth year of operations with great
momentum. In the new year, look for new
packaging and new products, including deodorant and lip treatments."
Canopy
Growth Corporation, USA, LLC (TSX:
WEED) (NYSE:
CGC)
recently
announced their entry into the US CBD space with the
launch of First & Free – a
hemp-derived CBD product line offered in a variety of formats, including
softgels, oil drops and creams. The products will be available for purchase on
the company's first e-commerce site: www.firstandfree.com.
Perfected through
state-of-the-art technology and rigorous testing, First & Free products are created by extracting and isolating
derivatives from the hemp plant to produce pure and consistent CBD formulations
that are packaged in easy-to-use formats.
"First & Free marks a new way for US
consumers to purchase quality CBD products from a trusted source," said
Rade Kovacevic, President of Canopy Growth. "Through state-of-the art
extraction methods, strict quality control measures, and scientific research,
we are delivering a best-in-class product to the market."
At launch, the First & Free brand will offer the
following hemp-derived CBD products:
●
First
& Free
Oil Drops
○
Unflavored 25 mg per mL (750 mg per 30 mL
bottle)
○
Peppermint flavor 25 mg per mL (750 mg per
30 mL bottle)
●
First
& Free
Softgels
○
250 mg CBD carton (10 softgels)
○
750 mg CBD
bottle (30 softgels)
○
1500 mg CBD bottle (30 softgels)
●
First
& Free
Creams*
○
2500 mg Everyday Cream (CBD Only)
○
2500 mg Motion Cream (CBD + Arnica)
○
2500 mg Revitalize Cream (CBD + Capsaicin)
Canopy Growth is
committed to selling only high-quality, tested and reliable products, and
ensuring it makes no claims unless clinically validated. This means selling First & Free products only in States
where permissible under state law in order to ensure compliance with state
consumer protection mandates and following the most stringent state laws
regarding the sale of CBD. The Company is also abiding by existing FDA
regulations for manufacturing, labeling and marketing dietary supplements.
CBD products are
not only making movement in the US, but are also starting to have an impact in
the EU with companies like Puration,
Inc. (OTC:
PURA), who recently
announced entering into a contract to begin bottling EVERx CBD
Sports Water in Europe. The company recently acquired a company to facilitate
bottling in Europe as part of an overall initiative to expand bottling capacity
world-wide. The company also entered into a distribution agreement in Europe
estimated to add $4 million in sales next year.
Management
indicates that the potential of European distribution goes beyond the initial
$4 million projection warranted by the establishment of a local bottling
capacity. The European market for CBD is projected to reach nearly US $17
billion by 2023. The company has scheduled an update with more details on the
company's recently announced 2020 expansion plan scheduled for next week on
Tuesday, December 17, 2019. PURA's expansion is intended to substantially
increase PURA's 2020 prospects beyond its current $8 million revenue target.
PURA has recently reconfirmed its $4 million revenue target for 2019 and an $8
million revenue target for 2020.
2019 has been an
explosive year for the CBD and Hemp industry and as this year makes a close,
many are looking to capitalize on this Holiday momentum and to continue to
drive sales and growth into and through 2020. We are now beginning to see which
product SKUs consumers are demanding, and as more clarity from the FDA comes
out and as competition forces higher company standards, we can expect to see
the CBD/Hemp industry having an even larger impact on the 2020 Holiday season.
About Investorideas.com - News that Inspires
Big Investing Ideas Investorideas.com
is a recognized news source publishing third party news, research and original
financial content. 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 the AI Eye .
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.
Disclosure: this news article featuring CANB is a paid
for news release on Investorideas.com – (two thousand) 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.
Contact
Investorideas.com
800-665-0411
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Tuesday, December 17, 2019
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Get the latest Cannabis and Hemp stock news from www.investorideas.com
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