Investor Ideas #Potcasts #Cannabis News and Stocks on the Move: Weekend Unlimited (CSE: $POT.C) (OTCQB: $WKULF), CANNAMERICA BRANDS (CSE: $CANA.C) (OTCQB: $CNNXF), Liht Cannabis (CSE: $LIHT.C) (OTCQX: $LIHTF) and Choom (CSE: $CHOO.C) (OTCQB: $CHOOF)
Delta, Kelowna, BC –March 12, 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/03121POT-WKULF-CANA-CNNXF-LIHT-LIHTF-CHOO-CHOOF.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 Weekend Unlimited Inc. (CSE: POT) (OTCQB: WKULF), CANNAMERICA BRANDS CORP. (CSE: CANA) (OTCQB: CNNXF), Liht Cannabis Corp. (CSE: LIHT) (OTCQX: LIHTF) and Choom™ (CSE: CHOO) (OTCQB: CHOOF).
But first, The Ontario Craft Beer Festival today announced its intention to include cannabis into its annual celebration of Craft Beer through a collaboration with Kensington Market mainstay HotBox Cafe. Attended by over 10,000 people from across North America, this event will make history as the first time a legal cannabis "consumption" patio is made accessible at a provincial event.
"We want to offer people a place to come down from the beer. You don't have to consume cannabis to experience our creative, chill and vibrant POTio," said Abi Roach founder of HotBox Holdings and owner/operator of HotBox Cafe. "We want to educate people on what cannabis is and how to consume it safely, especially around alcohol."
"What better way to optimize on a sensory experience than by adding some cannabis to the mix, and who better to help us execute than Abi and the HotBox team?" said Tony Millar, founder of Toronto's Craft Beer Festival. "Cannabis is finally legal across Canada and we couldn't be prouder to celebrate it together."
"Since our growth strategy is focused on product development and sales for recreational cannabis use across USA, it is important for us to establish our base in New York City for our team to accelerate business results," said New York City-based Weekend President and CEO, Mr. Paul Chu. "Being located in New York City gives us access to world-class talent across multiple industries," added Mr. Chu.
Weekend Unlimited's New York City office will serve as the company's global headquarters. Currently housed in one of the City's most well-known neighborhoods, SoHo, the office is surrounded by a mix of major retail chains, high-end brand stores, art galleries and restaurants.
CANNAMERICA BRANDS CORP. announced that it has entered into a binding letter of intent to create a joint venture with Sericea Labs S.A. de C.V. and CBDistribution Company Ltd. with the intention of building a facility in Mexico for importing and warehousing licensed CBD products as well as CBD oils and tinctures destined for refining.
When and if permitted under Mexican laws, the Company, SERICEA and CBDC also plan on acquiring, importing and cultivating industrial hemp biomass for extraction into CBD isolate to be used for multiple product lines which utilize CBD.
Subject to Board approval from the Company and completion of satisfactory due diligence, the JV Parties intend to enter into a definitive joint venture agreement on or before April 30, 2019.
"We are very pleased to enter the Latin American region with our partners in Mexico. This marks an exciting step for our brand's expansion in the international CBD marketplace," said Dan Anglin, CEO and Co-Founder of CannAmerica. "Coupled with our partnership in Europe, global distribution of CannAmerica products is our key focus in 2019."
Liht Cannabis Corp. announced that it has entered into an arm's length letter of intent dated March 11, 2019 with Trackloop Analytics Corp. for the purpose of testing and implementing Trackloop's technology in their Nevada cannabis operations. Trackloop's real-time tracking software will be used by the Company, to monitor the movement of all inventory throughout the supply chain, providing visual data mapping of temperature monitoring, real-time records of pick up/drop off, location tracking and full integration with existing inventory management and other Enterprise Resource Planning (ERP) solutions.
An integral component to the legal cannabis supply chain is the transporting of all cannabis products between cultivator, producers and retailers. Liht is interested in onboarding this all in one, real-time tracking and logistics solution because it addresses a key pain point that exists in cannabis logistics, which is tracking and monitoring the movement of product through the supply chain.
Choom™, an emerging adult and medical use cannabis company that has secured one of the largest national retail networks in Canada, announced that it is entering the United States, starting with the state of New Jersey. Choom through its wholly owned US subsidiary, Choom Holdings USA Inc., has signed a letter of intent to purchase an equity interest in a New Jersey based medical retail dispensary applicant in New Jersey's upcoming Request of Applications ("RFA") that also intends to enter into recreational cannabis retail upon legalization, which is anticipated in 2020.
The NJ Company is advancing on its retail store strategy in New Jersey with the intention of receiving licenses to operate the maximum allowable cannabis stores for medical and eventually adult use when formally approved by the State. With these licenses, the NJ Company intends to create a network of branded stores using Choom's medical brand, Clarity Medical Centres, or Choom for its recreational retail stores in the future. Choom will assist the NJ Company in this highly regulated market for the buildout and operations of cannabis retail stores. Choom will receive a royalty from the NJ Company for the use of the Choom Brands. Choom's investment in the NJ Company includes pro rata rights to maintain its equity interest on future financings.
"This is our first step into the United States, and we are very excited for our partnership with this experienced group to have the Choom Brands in New Jersey." states Chris Bogart, President & CEO of Choom Holdings Inc. "New Jersey is home to over 9 million people currently being served by only 12 cannabis operators in its medical program. New Jersey is an exceptional market to expand the Choom Brands. We are very impressed with the progress they have achieved to date, and with our expertise in cannabis retail, we are confident we can help them successfully operate in the New Jersey market."
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