Investor Ideas #Potcasts #Cannabis News and Stocks on the Move: TSXV: $META.V, TSX: $WEED.TO, NYSE: $CGC, TSX: $ACB.TO, NYSE: $ACB, TSXV: $BVO.V
Delta, Kelowna, BC - October 25, 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: $META.V, TSX: $WEED.TO, NYSE: $CGC, TSX: $ACB.TO, NYSE: $ACB, TSXV: $BVO.V
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Today's podcast overview/transcript:
From company news sources
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 National Access Cannabis Corp. trading on the TSX-Venture as META, Canopy Growth Corporation trading on the TSX as WEED and NYSE as CGC, Aurora Cannabis Inc. trading on the NYSE and TSX as ACB and Bevo Agro Inc. Trading on the TSX-Venture as BVO.
National Access Cannabis Corp., a best practices leader in delivering secure, safe, and responsible access to legal cannabis in Canada today announced that five Canadian retail locations owned by NAC have been granted licenses, in the province of Alberta.
NAC acquired 100 per cent of The Green Company Ltd. ("NewLeaf Cannabis") in September 2018 to strengthen and enhance its footprint in the province. The acquisition of NewLeaf Cannabis™ by NAC added a second retail brand to its roster in addition to the Company's existing Meta Cannabis Supply Co.™ ("META") brand.
NAC is working diligently in Alberta to open 37 cannabis retail locations, including 25 proposed NewLeaf Cannabis stores and 12 proposed META stores, as soon as possible. A staff of close to 200 employees excitedly await the opportunity to serve the local communities at the five locations soon to open:
Canopy Growth Corporation issued to Flight North Inc. and Willmont Capital Ltd. an aggregate of 60,488 common shares of Canopy in connection with the share purchase agreement between Canopy, TS Brandco Holdings Inc. and the Vendors. Pursuant to the Agreement, TS Brandco, an indirect wholly-owned subsidiary of Canopy, purchased 10% of the issued and outstanding Class A common shares of 10006215 Manitoba Ltd. ("ManitobaCo") from the Vendors, bringing TS Brandco's total ownership of ManitobaCo to 89.9%. ManitobaCo is a corporation existing under the laws of the Province of Manitoba that has been selected by the Government of Manitoba as a prospective licensee under Manitoba cannabis legislation.
The transaction will further enhance Canopy subsidiaries' market share of retail operations in the province of Manitoba.
Aurora Cannabis Inc. announced today that Polish Ministry of Health granted the Company approval for its first shipment of medical cannabis to Poland. In the coming days, Aurora Deutschland GmbH will ship the products to a pain treatment center and a hospital in Warsaw. This is an important milestone for medical patients in Poland, as it is believed to be the first time a non-government run business has been granted approval to supply medical cannabis products in the country.
Under Polish legislation, physicians can prescribe medical cannabis products to patients who can then access it through registered pharmacies. In specific instances, products will be covered under statutory health insurance, thus establishing a new and significant medical market for Aurora.
"Becoming the first company to supply cannabis to Poland is validation of Aurora's ability to do business in international markets with high barriers to entry," said Neil Belot, Chief Global Business Development Officer. "This is an important milestone for patient access in Poland, which will provide options for people seeking alternative medications to help manage symptoms of a wide range of medical conditions. Aurora continues to grow its international footprint, which now spans 19 countries on five continents, and puts us in an enviable position to capitalize on our early mover advantage."
Bevo Agro Inc. announced that it will resume trading on the TSX Venture Exchange effective today, October 25, 2018.
As previously announced on October 4, 2018, Bevo and Sun Pharm have entered into an arrangement agreement with respect to a reverse take-over of Bevo, and announced that the resulting issuer will change its name to Zenabis Global Inc.. Through Sun Pharm's subsidiary licensed producer Zenabis Ltd. , Zenabis Global Inc. will have nearly 3.5 million square feet of available production space. At the closing of the Transaction, Bevo's shareholders will hold shares of one of the world's largest cannabis companies.
Bevo Agro Inc. and Sun Pharm Investments Ltd. also announced that Zenabis has entered into a LOI with Running Leaf Corporation (Running Leaf) to supply up to 11,858 kilograms to October 2020 to Saskatchewan adult-use retailers licensed and approved for adult-use cannabis sales. Zenabis will sell under the premium Namaste brand. Namaste's products include dried flower, milled cannabis, and pre-rolls. Running Leaf Corporation is one of the first wholesale distributors approved to supply cannabis to licensed Saskatchewan retailers.
Running Leaf has issued its first Purchase order with Zenabis to supply its wholesale operation with cannabis for Q4. Zenabis has fulfilled and will ship its first order upon receipt of a license from SGLA. Running Leaf has requested an estimated total volume of up to 11,858 kilograms from Zenabis for its recreational adult-use distribution needs which both parties expect to increase over as product demand grows and shifts into new categories such as edibles (including beverages), and concentrates (including in cartridges). Running Leaf and Zenabis intend to enter into an exclusive supply and distribution agreement under which Running Leaf will be the exclusive distributor of Namaste branded adult-use cannabis in Saskatchewan, and Running Leaf will source exclusive strains from the Namaste by Zenabis brand of Adult Use products. A definitive distribution agreement covering all the points above is expected to be signed shortly - subject to Zenabis receipt of license in Saskatchewan by the SGLA.
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