Delta, Kelowna, BC – July 10, 2020 (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.
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Investor Ideas Potcasts, Cannabis News and Stocks on the Move; Episode 439 (CSE: MWM) (TSX: RIV) (OTC: CNPOF) (CSE: ACRG.U)
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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 public and private company announcements.
Micron Waste Technologies Inc. (CSE: MWM) (OTC: MICWF) announced that, further to its news releases on April 20, 2020, and May 19, 2020, the Company has completed the acquisition of all of the issued and outstanding shares of Covid Technologies Inc. pursuant to the terms of a share exchange agreement, effective May 18, 2020 among the Company, Covid Technologies, and the securityholders of Covid Technologies.
Pursuant to the terms of the Definitive Agreement and in consideration of the Acquisition, the Company issued to the former Covid Technologies securityholders:
- an aggregate of 16,500,000 common shares of the Company (the “Consideration Shares”) at a deemed price of $0.08 per Consideration Share; and
- an aggregate of 16,500,000 replacement warrants (the “Replacement Warrants”) exercisable into common shares in the capital of the Company for a price of $0.10 for a period up to and including April 28, 2025.
Additionally, effective upon closing of the Acquisition, Harveer Singh Sidhu was appointed to the Company’s board of directors.
Cannabis industry veterans Angelina Blessed, Dome Duong, and Riley Starr officially launched Gallery Brands. The house of brands founded by the experienced and trusted legacy market leaders will provide superior quality, precisely dosed, and expertly curated cannabis products to the Canadian market.
The team has worked coast-to-coast over 15 years collectively within the Canadian cannabis industry to develop products focused on quality and care. Under Gallery Brands, they are excited to bring their legacy market products to the regulated market. Navigating the world of cannabis can be overwhelming to the Canadian consumer, especially with the number of new brands popping up to ride the latest trend, only to disappear just as quickly.
With their experience, the Gallery team has simplified the process of discovery by ignoring the noise and focusing on their vast product and cannabis industry knowledge. Their carefully curated portfolio is geared towards a wide range of consumers, from the “canna-curious” testing the waters of the cannabis market for the first time to the seasoned connoisseur searching for fluent subject matter “OG” experts.
“For Blessed, our brand philosophy is simple and authentic to my own lifestyle as a competitive Muay Thai fighter and someone who has been consuming and creating my own cannabis products for years: Train. Treat. Repeat. As a competitive athlete, I am always focused on taking care of my body, which includes what I put in it. I care deeply about the quality of cannabis and products that myself and individuals are consuming and have available to them, and above and beyond the Blessed line of products, I am most excited about shedding light on the benefits of full-spectrum cannabis oil which has a wide range of benefits including healing properties and vitamins, both of which are essential during intense recovery.” Said Angelina Blessed, Founder, Blessed.
“Bringing the Little Farma products to the regulated market has been a labour of love. We’ve been doing this for four years, and for the team, our passion lies in science, experimentation, and innovation. With this in mind, we’re able to come to the market with unique, premium, science and lab-backed formulations.” Said Dome Duong, Co-founder, Little Farma.
“ Cannabis, for me, has always been a way to experience a deeper appreciation of visual beauty and exceptional flavours. It just made sense to create a product line that engages the eyes and the palette on the same level. I’m thrilled to be able to bring my gourmet-inspired product line to those that are new to cannabis and looking for a safe starting point, as well as the seasoned cannabis connoisseur seeking the highest level of quality in their edibles.” Said Riley Starr, Founder, Flir.
The three Gallery Brands Founders have also come together to formulate a fourth brand, Calla, which is the first of many in-house collaborations. Calla carries the triad’s combined 15 years of expertise and adoration for the plant. Aligned with Gallery Brands’ uncompromising commitment to quality, Calla offers the perfect blend for the perfect moment-Calla is cannabis for all.
The Gallery portfolio will include chocolates, oils, bottled tea, oil capsules, vape pens, gummies, and infused spring water. With legacy roots, Gallery Brands represents craftsmanship, culture, and curation. Whether consumers are looking for a pre-workout performance boost or post-workout recovery with Blessed, culinary decadence with flir, an adventure companion with Little Farma, or a perfect blend with Calla, Gallery Brands provides quality cannabis product options to Canadian consumers.
Canada may now need to consider new risk-based approaches to regulate and tax innovative tobacco products differently than cigarettes to help the country’s 4.5-million smokers quit entirely or switch to better alternatives to cigarettes, Rothmans, Benson & Hedges Inc. said today.
Risk-based regulation, when coupled with technological innovation and scientific substantiation, can be a formula for a public health breakthrough in both reducing the prevalence of smoking in society and converting those who would otherwise continue to smoke to scientifically substantiated better alternatives, RBH said.
RBH calls for action after a historic decision this week by the U.S. Food and Drug Administration (FDA) authorized the marketing of IQOS as a Modified Risk Tobacco Product (MRTP) in the United States. In doing so, the agency found that an IQOS exposure modification order is appropriate to promote public health.
IQOS is available for sale in Canada, produced by RBH’s parent company Philip Morris International Inc., as part of a portfolio of innovations intended to reduce both the exposure and potentially the harm from smoking cigarettes.
The FDA authorized the marketing of IQOS with the following information:
“Available evidence to date:
- The IQOS System heats tobacco but does not burn it.
- This significantly reduces the production of harmful and potentially harmful chemicals.
- Scientific studies have shown that switching completely from conventional cigarettes to the IQOS system reduces your body’s exposure to harmful or potentially harmful chemicals.”
The FDA concluded that the available scientific evidence demonstrates that IQOS is expected to benefit the health of the population as a whole, taking into account both users of tobacco products and persons who do not currently use tobacco products.
The FDA’s decision provides an important example of how governments, industry and health stakeholders can incorporate a harm-reduction mindset to regulate smoke-free alternatives to differentiate them from cigarettes in order to protect and promote public health.
Three of Canopy Rivers Inc.‘s (TSX: RIV) (OTC: CNPOF) portfolio companies have made recent announcements as they aim to introduce new or expanded choices for cannabis consumers and medical patients in Canada and the U.S.
“We continue to be impressed with the ability of our portfolio companies to respond to shifting consumer demands in the cannabis space while executing on their long-term strategies,” said Narbe Alexandrian, President and CEO, Canopy Rivers. “We still see greenfield in the Canadian brand market, and we are excited to see both Agripharm and Dynaleo taking steps to introduce Canadians to brands that have proven track records in U.S. markets.”
More details on these developments are included below:
- Dynaleo Inc., an Edmonton-based manufacturer of cannabis-infused gummies, signed its first letter of intent (“LOI“) with Pantry, a California-based edibles brand that says it has bridged the worlds of culinary arts, cannabis, and wellness. The agreement follows Dynaleo’s receipt of its processing licence from Health Canada and marks Pantry’s first international expansion beyond the U.S. where it distributes cannabis-infused food brands for the recreational market. Dynaleo hopes that the LOI will be a first step in the company’s goal to close the gap between supply and consumer demand for gummies in Canada.
- Agripharm Corp. received a licence amendment from Health Canada to allow for the sale of dried cannabis, extracts, edibles, and topicals. The amendment enables Agripharm to exercise its exclusive rights to introduce brands from SLANG Worldwide Inc. (“SLANG“) and Green House Seed Co. to the Canadian market. Agripharm plans to initially launch three products from SLANG’s portfolio, including the Firefly Mini vapourizer, O.penVAPE, and Bakked Dabaratus, a one-click dabbing solution that delivers a dose of extract.
- TerrAscend Corp. opened its third retail dispensary location in Pennsylvania. Jason Ackerman, TerrAscend’s CEO, noted that this third Apothecarium location signals the company’s commitment to local patients as the state’s medical program continues to grow. The newly renovated, 5,000 square foot medical dispensary is designed to enhance patient experiences and features private consultation rooms, highly trained staff, a wide variety of products, and options for online ordering.
Acreage Holdings, Inc. (CSE: ACRG.U) (OTCQX: ACRGF) today announced that the Massachusetts Cannabis Control Commission (“CCC”) has granted the Company provisional licenses for the retail sale of adult-use cannabis in Worcester and Shrewsbury. Acreage will add adult-use retail sales to its existing The Botanist dispensary in Worcester, MA, which opened as a medical marijuana treatment center in 2018, and it will open a new The Botanist dispensary in Shrewsbury, MA. The CCC voted to grant the provisional licenses at its monthly meeting earlier today.
Acreage anticipates beginning retail sales at both locations as quickly as possible following further regulatory inspections and approvals. The Worcester dispensary is located at 65 Pullman Street, Worcester, MA. The Shrewsbury dispensary will be located at 235 Hartford Turnpike, Shrewsbury, MA. The company’s third The Botanist dispensary in Massachusetts is located in the Town of Leominster.
Once all approvals are completed and the dispensaries are fully operational, Acreage anticipates adding more than 40 new jobs in Massachusetts.
Separately at today’s CCC meeting, the commissioners approved a stipulated agreement in which Acreage has agreed to make a $250,000 payment to the Cannabis Control Commission Regulation Fund. The payment is related to previously terminated Management Services Agreements.
With today’s actions, Acreage looks forward to completing the licensing process and bringing the Commonwealth’s citizens its full House of Brands product portfolio, including its The Botanist, Live Resin and Tweed brands, the latter being a Canopy Growth brand that Acreage introduced in the U.S. last year.
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