Investor Ideas #Potcasts #Cannabis News and Stocks on the Move: TSXV: $NINE.V, CSE: $LHS.C, TSXV: $KHRN.V, CSE: $MDM.C
Delta, Kelowna, BC - October 24, 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: TSXV: $NINE.V, CSE: $LHS.C, TSXV: $KHRN.V, CSE: $MDM.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 DELTA 9 CANNABIS INC. trading on the TSX-Venture as NINE, Liberty Health Sciences Inc. trading on the CSE as LHS and the OTCQX as LHSIF, Khiron Life Sciences Corp. trading on the TSX-Venture as KHRN and the OTCQB as KHRNF and Marapharm Ventures Inc. trading on the CSE as MDM and the OTCQX as MRPHF.
DELTA 9 CANNABIS INC., through its Delta 9 Cannabis Store subsidiary, logged close to 9,600 transactions in the first seven days after legalization of cannabis on October 17, totaling $736,124 in revenues up to the end of day on Tuesday this week.
The vast majority of revenues are attributable to sales of dried cannabis products, with the remaining coming from the sale of ancillary products and accessories. Average selling price per gram of dried cannabis sold over the first seven days of sales was approximately $11.47, with the average cost of sales for a gram at approximately $8.64.
"The first day of legal recreational cannabis sales blew away all of our expectations," said John Arbuthnot, Chief Executive Officer. "We launched online sales of cannabis just after the stroke of midnight on October 17, and in the first minute logged more than 100 sales to customers in Manitoba. By 4 a.m., we had sold out all the product set aside for online sales, but even that was nothing compared to the experience at our first retail store in Winnipeg."
Despite restricting online sales to 10 per cent of the Company's initial in-store inventory, Delta 9 logged 1,583 online orders, of which 961 were sent by Canada Post, and 622 were sent via Pineapple Express for same day delivery in Winnipeg.
Liberty Health Sciences Inc., a provider of high-quality cannabis, announced today the planned opening this week of three of its newest Cannabis Education Center (CEC) dispensaries in Winter Haven, FL; Palm Harbor, FL, and Merritt Island, FL featuring free 24-hour delivery service throughout Florida. Opening for the Palm Harbor and Merritt Island locations are subject to DOH approval.
Liberty's CEC's offer pharmaceutical-grade cannabis products and a comprehensive platform that includes educational tools and compassionate one-on-one consultations geared towards informing customers on medical cannabis use. The Company offers a wide array of brands such as Aphria, Solei, Mary's Medicinals, Pax Era Pod devices, and Incredibles. These products aim to provide customers with a variety of high-quality options to meet their needs across all state-approved methods of cannabis consumption, including vapes, oils, tinctures and capsules.
Khiron Life Sciences Corp., an integrated medical cannabis company with its core operations in Colombia, has signed the definitive agreement for the acquisition of the Latin American Institute of Neurology and the Nervous System ("ILANS") previously announced on August 7, 2018. ILANS is one of the most respected, fastest growing, and largest neurological clinics in Colombia, and becomes a cornerstone of the Khiron Clinics business unit in Latin America.
The ILANS network represents 100,000 patients in Colombia and will position Khiron with approximately C$10.5 Million in gross revenue and C$1.8 Million of EBITDA (2017 Audited Financial Statements). The ILANS acquisition provides a secure revenue stream.
Alvaro Torres, Khiron Co-founder and Chief Executive Officer stated, "After the closing of the ILANS agreement, we generate immediate revenue and greatly reduce patient acquisition costs. With Dr. Jairo Espinoza, ILANS´ founder and one of Colombia´s most respected specialists joining our senior executive management team, we are positioned to leverage the existing ILANS patient base to grow the Khiron Clinics business unit throughout Colombia and across Latin America, in keeping with our clinic expansion strategy."
Marapharm Ventures Inc. a public company with substantial medical and adult-use cannabis assets in the United States and Canada is pleased to announce that it has changed its name to "Liht Cannabis Corp." ("Liht")
No action is required to be taken by current shareholders in connection with the change, and no change has been made to Liht Cannabis Corp. share capital.
Strategic corporate restructuring and rebranding will follow to accelerate the Company to a better position of strength, leadership and expertise in this industry.
The Company's common shares are expected to commence trading on the Canadian Securities Exchange (the "CSE") under the new symbol "LIHT" on or about October 25th, 2018 and the Company will keep its U.S. and European shareholders advised by news release of changes to their market's ticker symbol.
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