Investor Ideas Potcasts #Cannabis News and Stocks on the Move: (CSE: $CROP.C) (OTC: $CRXPF), (CSE: $DIXI.U.C), (TSXV: $KHRN.V), (OTCQB: $KHRNF), (CSE: $HITI.C) and (CSE: $LDS.C), (OTCQX: $LDSYF)
Delta, Kelowna, BC - January 30, 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.
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Investor Ideas Potcasts #Cannabis News and Stocks on the Move: (CSE: $CROP.C) (OTC: $CRXPF), (CSE: $DIXI.U.C), (TSXV: $KHRN.V), (OTCQB: $KHRNF), (CSE: $HITI.C) and (CSE: $LDS.C), (OTCQX: $LDSYF)
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Today's podcast overview/transcript:
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.
Today we are looking at announcements from CROP INFRASTRUCTURE CORP. (CSE: CROP) (OTC:CRXPF), Dixie Brands Inc. (CSE: DIXI.U), Khiron Life Sciences Corp. (TSXV: KHRN), (OTCQB: KHRNF), High Tide Inc. (CSE:HITI) and Lifestyle Delivery Systems Inc. (CSE: LDS), (OTCQX: LDSYF)
CROP INFRASTRUCTURE CORP. announced today it has made two strategic hires to head up its genetics lab and ready the company for its 2019 CBD production season. The new division will also be developing high grade CBG and CBN genetics for the company's farms.
Patrick McLoughlin has been appointed as Director of the newly-created Division of Micropropagation and Genetics at CROP Corp. and Zachary Lindskoog as Production Manager.
CROP CEO, Michael Yorke, stated: "These are key hires at CROP's 49% owned CBD farm where advanced propagation techniques will bring costs down significantly for the 500,000-pound per year supply agreement and the estimated 3,000,000 lbs of 2019 production, as well as benefit our expansion plans overall."
Dixie Brands Inc. one of the cannabis industry's leading consumer packaged goods companies, and Khiron Life Sciences Corp., a vertically integrated medical cannabis company focused on Latin America , have signed a binding letter of intent to establish a 50/50 joint venture to introduce a full line of cannabis-infused products to the Latin American market. Dixie will also manufacture and distribute Khiron's Kuida® brand of cannabidiol (CBD)-based cosmeceuticals in the United States, targeting the growing Hispanic population. Completion of the JV is subject to TSX Venture Exchange approval.
By combining Dixie's market-ready portfolio of cannabis-infused products with Khiron's established footprint throughout Latin America, the companies aim to capture first-mover advantage and establish leadership in one of the world's fastest-growing cannabis markets. The agreement also creates a framework for the development of new products and brands tailored to Latin America, allowing Dixie and Khiron to take full advantage of opportunities resulting from cannabis legalization throughout the region.
Alvaro Torres, Co-founder and CEO of Khiron Life Sciences, stated, "This joint venture is a combination of two companies coming together to bring great brands with highly complementary products, distribution capabilities and expertise. The joint venture gives us important access to expand the reach of our Kuida® cosmeceutical brand into the U.S. market, and by introducing a proven set of product formulations, we can more effectively leverage the infrastructure and relationships we are putting in place across Latin America."
High Tide Inc., an Alberta-based downstream cannabis corporation focused on the manufacturing and wholesale distribution of smoking accessories and cannabis lifestyle products, today announced that it recently signed letters of intent to acquire two cannabis retail locations in Saskatchewan from two separate vendors. Subject to regulatory approval, the Locations will be strategically situated in different cities with distinct customer bases, which will enable both urban and rural cannabis consumers to develop a relationship with the Canna Cabana brand. Entering Saskatchewan will also provide High Tide with the unique opportunity in Canada to sell recreational cannabis online as a private retailer, which leverages the in-depth e-commerce experience gained from its Grasscity and Smoker's Corner businesses. High Tide expects each transaction to be closed by the end of February and it continues to pursue additional acquisition opportunities in the province.
The Saskatchewan market provides a compelling growth opportunity for High Tide due to the limited number of 51 retail cannabis permits granted by the Saskatchewan Liquor and Gaming Authority ("SLGA"). "Acquiring two retail cannabis stores in Saskatchewan will allow us to expand our Canna Cabana brand and apply our product expertise and customer knowledge to a new Canadian market," said Raj Grover, President and Chief Executive Officer of High Tide. "We are also in the process of establishing a wholesale business named Kush West Distribution, subject to SLGA approval, to serve retailers across Saskatchewan as part of our strategy to be vertically-integrated wherever possible. Accordingly, we have entered into a conditional lease for a warehouse in Regina approximately 10,000 square feet in size," added Mr. Grover.
Lifestyle Delivery Systems Inc. announced that CSPA Group Inc.'s partnership with Rise Distribution ("Rise") is rapidly gaining momentum. Within the first week of receiving the Rêveur live resin products Rise has delivered Rêveur to the seven new California dispensaries.
The distribution agreement with Rise provides the Company with a direct access to Rise's extensive state-wide retail network. Since entering into the distribution agreement, both companies have been working closely on creating and implementing highly efficient sales channels that will ensure rapid product distribution. Additionally, CSPA provided detailed product training to Rise's sales and product consultants ensuring a positive customer experience.
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