Investor Ideas #Potcasts #Cannabis News and Stocks on the Move: Choom (CSE: $CHOO.C), (TSX: $WEED.TO), (NYSE: $CGC), The Green Organic Dutchman (TSX: $TGOD.TO), Newstrike (TSXV: $HIP.V) and Liberty Health (CSE: $LHS.C)
Delta, Kelowna, BC –March 25, 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/03251CHOO-WEED-CGC-TGOD-HIP-LHS.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 Choom Holdings Inc. (CSE: CHOO) (OTCQB: CHOOF), Canopy Growth Corporation (TSX: WEED), (NYSE: CGC), The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTC: TGODF), Newstrike Brands Ltd. (TSX-V:HIP) and Liberty Health Sciences Inc. (CSE: LHS) (OTCQX: LHSIF).
Choom Holdings Inc., an emerging adult and medical use cannabis company that has secured one of the largest national retail networks in Canada, announced, following its strategy to become a multi-state operator, that it intends to expand into Florida. Choom, through its wholly owned US subsidiary, Choom Holdings USA Inc., has signed a letter of intent to purchase a 95% equity interest in a Florida-based vertically-integrated cannabis applicant.
The FL Company is progressing on its Master License application to operate up to 25 retail locations with potential for more as the number of registered patients increase, as well as, a micro-processing and cultivation facility for medical purposes. Upon completing the transaction, Choom will use its medical brand, Clarity Medical Centres, to create a network of branded Medical Marijuana Treatment Centers. Florida's medical marijuana program has over 190,000 qualified patients, up from approximately 168,000 at the start of 2019, making it the largest medical marijuana market in the United States. Florida has recently allowed the use of smokable medical marijuana products, potentially opening the program to a considerably larger audience.
"We are very excited to be expanding into Florida and to bring Choom's medical brand into that market. Florida's medical marijuana program is a very attractive opportunity for us seeing that it allows for vertically-integrated operations and it has been a market we've had our sights on for a while now." states Chris Bogart, President & CEO of Choom. "This investment aligns with our strategy of becoming a multi-state operator in the US and helps us to bolster our growth targets. Florida is home to over 21 million residents and has shown impressive year over year growth on the number of registered patients with a large portion of the market being relatively uncaptured."
Canopy Growth Corporation announced that it has received a cultivation license from Health Canada for its facility in Fredericton, New Brunswick. With this licensing, Canopy Growth predicts the facility will initially produce more than 5,000kg of cannabis annually, with first harvests expected to become available to the market within six months.
Developed in collaboration with Canopy Rivers Inc. (TSXV: RIV) and operating under Canopy Growth's flagship Tweed brand, the facility will support the Company's global and local operations with high quality, large-scale cannabis production capabilities that will serve the needs of recreational and medical customers. To meet that demand, Canopy Growth expects to create more than 130 jobs at the Fredericton plant.
"New Brunswick has emerged as a leader in the legal cannabis sector and the province is an excellent place to do business," said Bruce Linton, co-CEO and Chairman, Canopy Growth. "We will leverage our existing operational expertise to ensure we support the needs of our customers while making a meaningful contribution to the local economy primarily through new job creation."
The Green Organic Dutchman Holdings Ltd. announced that effective today sales of certified-organic cannabis have started with national distribution to medical patients. The Growers' Circle is a select group of patients across Canada now receiving TGOD's first certified-organic flower. The Growers' Circle launch is a limited production rollout of the Company's premium product, allowing TGOD to perfect its distribution ahead of its production ramp-up and scaled rollout this year.
"The launch of the Growers' Circle is another significant moment in TGOD's commercial story," said Brian Athaide, Director and Chief Executive Officer. "Our certified-organic cannabis is a premium experience for patients. We are proud of our product and excited to be sharing it with Growers' Circle members."
TGOD cannabis is grown in living soil without synthetic fertilizers, pesticides or herbicides. TGOD cannabis is certified-organic by ECOCERT and Pro-cert, pre-eminent global certification bodies. Hill & Knowlton consumer research confirmed that 60% of medical cannabis patients prefer certified-organic product. TGOD flower is packaged in recyclable glass jars and speaks to the Company's product quality, sustainability and regenerative philosophy.
TGOD is now shipping its Unite Organic strain to over 200 medical patients across Canada. "It's been a rewarding experience to get to this point, talking with consumers and understanding their needs, through to growing and cultivating organic product," said Csaba Reider, President of TGOD. "Growing organic requires patience, and we know that our cannabis was worth the wait."
TGOD Growers' Circle members will receive a state-of-the-art online and app experience that provides timely information on individual medical needs. "We have spent months talking with consumers about their preferred cannabis experience," said Andrew Pollock, Vice President of Marketing for TGOD. "We believe that through our website, the experience – from signup to follow-up, to ongoing care - will be the finest in the industry."
Newstrike Brands Ltd. announced that Up Cannabis Inc., its wholly-owned subsidiary, has entered into an agreement with Cannabis NB as a licensed producer to supply cannabis.
"We are very excited to announce this partnership with Cannabis NB," said Jay Wilgar, CEO of both Newstrike and Up Cannabis. "Being among the select group of licensed producers that will supply cannabis to the New Brunswick marketplace is a privilege, and we look forward to helping Cannabis NB achieve its goals of providing safe, reliable product to adult-use consumers."
With this announcement, Up Cannabis becomes one of only eight Licensed Producers that currently supplies Cannabis NB.
Liberty Health Sciences Inc., a provider of high quality cannabis, announced today that it has received Florida Department of Health (DOH) approval to sell whole flower smokable products to patients in Florida, making it one of the first companies in the state to provide smokable medical marijuana in all of its dispensaries. The Company is awaiting DOH approval to provide pre-rolls to patients.
Patients who receive medical marijuana from their doctor will now be able to smoke the substance legally under a bill (SB 182) signed into law last week by Governor Ron DeSantis revoking a ban on smoking medical marijuana. More than 70 percent of voters approved a ballot measure in 2016 legalizing marijuana for medical use, but the Florida Legislature passed a bill a year later that banned it in smokable forms. The new law provides patients the ability to access medicine in the form their doctor determines best for them, whether it's smoking medical marijuana or utilizing other delivery systems.
"This is truly a historic moment not only for Liberty Health Sciences but for the State of Florida," said Victor E. Mancebo, interim Chief Executive Officer of Liberty. "Receiving DOH approval – the same week that Governor DeSantis signed SB 182 allowing patients registered under the Department of Health to smoke medical marijuana – is monumental for Liberty and its ability to offer patients an additional medicinal option. Patients in Florida have been eager for this bill to pass as there is a fundamental need for this medicine in all of its forms."
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