Investor Ideas #Potcasts #Cannabis News and Stocks on the Move: (TSXV: $ZENA.V), (TSXV: $OGI.V) (OTCQX: $OGRMF), (TSX: $APHA.TO) (NYSE: $APHA), (TSX: $ACB.TO) (NYSE: $ACB) (CSE: $GGB.C) (OTCQB: $GGBXF)
Delta, Kelowna, BC –February 26, 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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Read this in full at https://www.investorideas.com/news/2019/cannabis-potcasts/02261ZENA-OGI-OGRMF-APHA-ACB-GGB-GGBXF.asp
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 Zenabis Global Inc. (TSXV: ZENA), Organigram Holdings Inc. (TSXV: OGI) (OTCQX: OGRMF), Aphria Inc. (TSX: APHA) (NYSE: APHA), Aurora Cannabis Inc. (TSX: ACB) (NYSE: ACB) and Green Growth Brands, Inc. (CSE: GGB) (OTCQB: GGBXF).
Zenabis Global Inc. announced reaching a letter of intent with the Société québécoise du cannabis (SQDC). Quebec is a significant cannabis market and is in close proximity to Zenabis' licensed 380,000 sq. ft. growing facility in New Brunswick, and its upcoming 255,000 sq. ft. facility in Nova Scotia.
Zenabis expects to begin supplying its premium cannabis products to Quebec in the second quarter of 2019 upon completion of the Autorité des Marchés Publics public process.
"This letter of intent with the SQDC adds an important component to our national supply platform, further expanding the market for our products," said Andrew Grieve, Chief Executive Officer of Zenabis. "This relationship represents an additional significant relationship with a provincial counterparty."
Quebec is the ninth Canadian jurisdiction in which Zenabis has a distribution relationship. Zenabis also has distribution arrangements with government and third-party retailers/distributors in British Columbia, Alberta, Saskatchewan, Manitoba, New Brunswick, Nova Scotia, Prince Edward Island, and the Yukon Territory.
Organigram Holdings Inc., the parent company of Organigram Inc., a leading licensed producer of cannabis, also announced it has signed a letter of intent with the Société québécoise du cannabis (SQDC).
This agreement solidifies the Company's position as a true national player in Canada's legal adult use recreational cannabis marketplace. Organigram now has distribution in place for all ten Canadian provinces.
Based on currently available public information, this agreement makes Organigram one of only three licensed producers ("LPs") in Canada along with Canopy Growth Corporation and Aphria to have secured distribution agreements with every province.
Aphria Inc. today announced a worldwide license agreement with Manna Molecular Science, LLC, producers of state-of-the-art cannabis transdermal patches. Leveraging Manna's established formulations, equipment and processes, Aphria will produce and sell patches containing cannabis oils for its established suite of medical and adult-use brands.
"As we continue to expand its use from product to ingredient, we are excited to offer innovative new ways for consumers to interact with cannabis," said Jakob Ripshtein, President of Aphria. "As a company at the forefront of cannabis innovation, Manna Molecular Science will be an important strategic partner for Aphria. Like us, they are committed to making safe, high-quality cannabis products available to a wide array of global consumers."
Under the agreement, Manna grants Aphria exclusive preferred vendor status for a period of five years, and an exclusive license to produce, market, distribute, promote and sell Manna patches containing cannabis oil as an active ingredient.
The Manna cannabis transdermal patch has been developed by pharmaceutical scientists from Massachusetts Institute of Technology using state-of-the-art product design and research methods. It works for all cannabinoids and is designed to work with high-quality, whole-plant cannabis extracts, which are printed on each patch with pharmaceutical quality. Each patch is latex- and allergen-free and delivers the dose automatically through the skin over the course of 12 hours.
Aurora Cannabis Inc. today announced that it has agreed to terms to acquire a 51% ownership interest in Gaia Pharm Lda., a license applicant in Portugal, to establish a local facility to produce medical cannabis and derivative products. The company will be renamed "Aurora Portugal Lda". On February 21, 2019, Gaia Pharm Lda. received approval of its application to construct an EU GMP compliant cannabis cultivation facility from INFARMED, a division of the Portuguese Health Ministry, which is responsible for the evaluation, authorization, regulation and control of human medicines as well as health products for the protection of public health.
This initiative is consistent with Aurora's strategy to achieve early mover advantage in countries with nascent medical cannabis markets. Construction of the new facility will be conducted in phases, with the first phase expected to be completed in the third calendar quarter of 2020. Upon completion, the first phase of the facility is expected to have a production capacity of approximately 2,000 kg per annum, growing to 4,000 kg per annum upon completion of the second phase.
Portugal, with a population of more than 10 million, represents an attractive market. It is part of the Eurozone, has a producer-friendly regulatory framework that encourages the establishment of domestic production, and features favourable labour costs. New Portuguese regulations enacted on January 15, 2019 permit the distribution of prescribed medical cannabis to Portuguese patients in addition to export to other European Union member countries where medical cannabis is currently legal.
Green Growth Brands, Inc. announced the appointment of Randy Whitaker as Chief Operating Officer, a new position within GGB. Mr. Whitaker has over 27 years' experience in real estate, finance, and store operations. Mr. Whitaker joins GGB from Belk, Inc. a privately held department store with over 293 locations.
"Along with much of the GGB leadership team, I worked with Randy for many years at Victoria's Secret," said Peter Horvath, CEO of Green Growth Brands. "He has a phenomenal track record and is a world-class operator. GGB continues to set itself apart from the competition because of the talent and experience of our team. We are so pleased to welcome Randy to the team, he will be a huge asset as we drive towards creating remarkable cannabis and CBD experiences for consumers."
In prior roles Mr. Whitaker has brought a results-oriented focus, agility in fast-paced environments, and a talent for building high-performing teams. Mr. Whitaker was most recently at Belk, Inc. as Executive Vice President, Chief Stores Officer. During that time, he led the stores organization including store operations, real estate, store design and construction, aviation, visual merchandising, customer care, credit, and supply chain. Prior to Belk, Mr. Whitaker spent over 15 years at Victoria Secret, in a variety of real estate and stores operations positions, including Executive Vice President, Store Operations. During his five years as EVP, Store Operations, Mr. Whitaker was responsible for 1,100 stores that delivered USD$6B in annual revenue while maintaining a USD$2B operating expense budget.
Effective immediately, Mr. Whitaker will lead real estate, business development, store design and construction, stores, shops, eCommerce, and field operations support.
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