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Delta, Kelowna, BC - January 24, 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 edition of Investorideas.com potcastsCM - cannabis news and stocks to watch plus insight from thought leaders and experts.
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.
Cronos Group Inc. today announced that it has entered into a credit agreement with Canadian Imperial Bank of Commerce ("CIBC"), as administrative agent and lender, and the Bank of Montreal, as lender in respect of a $65 million secured non-revolving term loan credit facility. The Company intends to use the funds available under the Credit Facility to repay the Company's existing loan facility with Romspen Investment Corporation and for general corporate purposes pending the closing of the Company's previously announced equity investment by Altria Group, Inc.. The Company intends to repay the Credit Facility with a portion of the proceeds from the Investment.
The Credit Facility will mature on July 23, 2019, unless extended to September 7, 2019 with the consent of the Lenders.
DELTA 9 CANNABIS INC. announced that it has signed a Master License Agreement with NanoSphere Health Sciences, LLC and its Canadian subsidiary, NanoSphere Cannabis International Inc.
The Agreement provides Delta 9 with an exclusive license in Canada to manufacture and sell products made with Nanosphere's patented technology for the delivery of cannabinoids via nanoparticle technology (the "NanoSphere Delivery System of Cannabis"). The two companies are already working on the first product for Canada; an intraoral cannabis oil containing cannabinoid nanoparticles, that is being produced over the next month for an upcoming inspection for final approval by Health Canada.
"The Agreement paves the way for an entirely new form of consumption for both medical and recreational consumers of cannabis," said Delta 9, CEO John Arbuthnot.
"On the recreational side, we can now provide a healthier alternative to smoking or vaping cannabis, but that still gives you the same or better effect," said Arbuthnot. "Equally important, our NanoSphere products provide for the first time a truly appropriate way to deliver medical cannabis, with precise dosage, better bio-availability, and without essentially having to 'smoke your medicine'."
The NanoSphere Delivery System of Cannabis works by nano-encapsulating active ingredients in phospholipid membranes for transportation through the skin and mucosa into the bloodstream within minutes. Cannabis applications of the technology include transdermal viscous gels, intranasal products and intraoral products, all of which provide rapid results, precise dosages and high bioavailability. The NanoSphere Delivery System of Cannabis can eliminate the need for inhalation or ingestion of cannabis, offering users a potentially safer and more effective method of consumption.
Cannara Biotech Inc., a vertically integrated Cannabis company focused on cannabis-infused products, today announced it is entering the U.S. Hemp-CBD market, through a subsidiary, with an online e-commerce platform called shopCBD.com.
The new e-commerce platform will showcase retail products from Hemp-CBD manufacturers for the U.S. consumer market. With several vendors already committed, shopCBD.com intends to offer a variety of products, including tinctures, oils, capsules, body care, vape cartridges and pet-related products. shopCBD will provide a user-friendly online experience where consumers can purchase, review and compare a variety of CBD products.
"We are taking a leadership role by creating a hub for vendors to showcase their products and consumers to purchase Hemp-CBD products in a fast and easy way. We want to become the Amazon of CBD", said Zohar Krivorot, President and CEO of Cannara Biotech, a 15-year veteran in the tech and online industries.
With the recent passing of the 2018 Farm Bill in the U.S., CBD represents an emerging sector with many vendors seeking national reach to U.S. customers. The Company's strategy is to offer a wide variety of products from leading CBD brands, with competitive pricing and delivery times across the U.S.
iAnthus Capital Holdings, Inc., which owns, operates, and partners with licensed cannabis operations throughout the United States, announced it has been named to the 2019 OTCQX® Best 50, a ranking of top performing companies traded on the OTCQX Best Market last year.
The OTCQX Best 50 is an annual ranking of the top 50 U.S. and international companies traded on the OTCQX market. The list is calculated based on an equal weighting of one-year total return and average daily dollar volume growth in the previous calendar year. Companies on the 2019 OTCQX Best 50 were ranked based on their performance in 2018.
"It's an honor to be recognized by OTC Markets as the third best performing stock traded on the OTCQX Best Market in 2018," said Julius Kalcevich, CFO at iAnthus. "As investors pay closer attention to the cannabis industry, it becomes increasingly clear that iAnthus isn't just another cannabis stock, but a world-class operator working hard to deliver value to its shareholders. We look forward to an even stronger performance in 2019."
Crop Infrastructure Corp. announced today it will, initially, be making 100,000 premium Moon Rock Cones at one of its California subsidiaries as it expands its footprint in the state.
The raw material will be finished cannabis from CROP's Humboldt County farm which is trimmed, high grade flower and will be for distillate input for cartridges and pre-rolls cones that will then be dipped in kief (cannabis crystals) to make the infused cones. The infused cones will be Hempire and Evolution branded with custom filters bearing the name. Additional equipment to fulfill the order is expected to arrive shortly.
After some initial market research, the company has established the best-selling SKUS are cones and pens. The company has instructed its toll process partner to convert equivalent material to produce approximately 50 liters of oil to fill 75,000 half gram cartridges and 50,000 quarter gram disposable pens, as well as the company will roll and tube approximately 200,000 Hempire and evolution branded 1-gram infused cones.
CROP also announced it has made a cannabis retail application in Chula Vista, California, for its Emerald Height's brand and is working with its local partners to apply in additional municipalities.
Westleaf Inc. announced that it has exercised its option to acquire 100% of Canndara Canada Inc., a cannabis retail company with over fifty (50) prospective premium retail locations across Canada. On Dec. 20, 2018, Westleaf purchased 21.4% of the Class "A" common voting shares of Canndara and secured an option to acquire the remaining 78.6% of the Canndara Shares for an aggregate purchase price of $48.4 million. The Purchase Price is payable in common shares in the capital of Westleaf at a deemed value of $2.24 per Common Share. Closing is expected to occur on or about January 31, 2019.
Canndara's locations are at varying stages of development with seventeen (17) development permits already awarded in Western Canada. As a result of the transaction, Westleaf has increased its guidance from 20 to 30 cannabis retail locations to approximately 50 locations, that are expected to be operating by the end of 2020, subject to provincial and municipal licensing and regulations.
"Since the announcement of our original investment we continue to be impressed with the progress of the development of the Canndara retail portfolio and how well it complements the Westleaf Prairie Records retail locations. This acquisition will position Westleaf to become one of the largest premium cannabis retailers in Western Canada." said Scott Hurd, President and CEO of Westleaf. "Cannabis retail is the cornerstone of our vertically integrated strategy as the unique Prairie Records concept enables Westleaf to engage with consumers and build brand equity and loyalty for its stores and produced product brands."
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#Cannabisstocks: ISBG (OTCQB: $ISBG) Announces Official Launch of Live #CBD Sales, @DrinkISBG
LAS VEGAS, NV - January 24, 2019 (Investorideas.com Newswire) International Spirits and Beverage Group Inc. (OTCQB:ISBG) ("ISBG" or the "Company"), a top-tier brand incubator in the Global Wine & Spirits and CBD-Infused Products markets, is excited to announce the official launch of live sales of its inaugural CBD product, P19 CBD Gummies. The Company is eager to get sales rolling in, so it is launching through an initial temporary site dedicated to this one product: www.buycbdp19.com. The Company's initial product, P19, will feature 10 x 25mg of nano-infused pure CBD, providing superior bioavailability.
The site will go live during the day this Friday (January 25, 2019). The Company will send out a tweet from its Twitter feed, @drinkISBG, when the site is live and interested customers can place orders to purchase P19 CBD Gummies. This initial push will be complimented by the Company's stated strategy to market and sell its CBD products on both Amazon.com and Google.com.
ISBG CEO Terry Williams stated, "It has been a long road to get to this point, and we have had to overcome a number of difficult obstacles. But we are finally ready to flip the switch and start to monetize our investment. Given the establishment of our key partnerships, the development of our ecommerce platform, and our plan to include Amazon and Google as avenues of distribution, we feel very confident about selling through our first purchase order of $115K, and we expect to see more such orders in coming weeks. This initial website will soon be replaced with a more robust site eventually featuring a complete product line-up."
Management also notes that the P19 CBD Gummies are the first product in a series that will be rolled out over e-commerce for ISBG over coming weeks, with the next product set to go live next week. In addition, a new and more comprehensive e-commerce platform and website is still under construction and will launch at a later date.
"Our partnership with BioPulse Labs provides the production capabilities, scalability, sales infrastructure, operational tools, and expertise for us to step into the market with confidence, and our new Health and Wellness segment is already poised to drive tremendous growth to kick off 2019," continued Mr. Williams. "The Farm Bill was a watershed moment for this industry, and we believe we will see in retrospect that this was a pivot toward even greater acceleration in the CBD space because it's opening people's eyes to the health and wellness benefits of CBD, including stress management, pain management, and as a general preventative for a host of ailments and a sense of balance and personal health, including its impact as a sleep-aid, providing a higher quality of regenerative sleep. The Farm Bill is like a door opening that will allow everyone to look inside and see how valuable this product can be."
About ISBG:
International Spirits and Beverage Group (ISBG) is an authorized importer, licensor, and marketer of premium beverage brands, with sales of innovative products and brands worldwide. Based in Nevada, the Company's expertise lies in the strategic development and aggressive early growth of its brands and the establishment of these brands as viable and profitable as an incubator. ISBG intends to nurture emerging brands through critical stages of market development, including conceptualization, go-to-market strategy, supply chain and logistics engineering, integrated marketing, and distribution. In addition, ISBG has now established itself as a health and wellness company with a focus on reshaping the CBD products market through state-of-the-art nanotechnology processes, developing a wide range of nano-infused CBD gummies and beverages formulations. These products will be sold through the Company's website, as well as through established wholesale and retail distribution channels. The company has also partnered with Bengala Technologies to develop and commercialize enterprise and B2B software technology products targeting the logistics and supply-chain marketplace.
Forward Looking Statements: This press release may contain forward-looking statements that involve risks and uncertainties. These statements relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology including "could", "may", "will", "should", "expect", "plan", "anticipate", "believe", "estimate", "predict", "potential" and the negative of these terms or other comparable terminology. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested in this report. Except as required by applicable law, we do not intend to update any of the forward-looking statements so as to conform these statements to actual results. Investors should refer to the risks disclosed in the Company's reports filed from time to time with OTC Markets (www.otcmarkets.com).
Contact:
For Additional Investor Information:
International Spirit & Beverage Group, Inc. info@isbg.global
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