Investor Ideas #Potcasts #Cannabis News and Stocks on the Move: Weekend Unlimited (CSE: $POT.C) (OTCQB: $WKULF), Aurora Cannabis (NYSE: $ACB) (TSX: $ACB.TO), Flower One Holdings (CSE: $FONE.C) (OTCQB: $FLOOF), SOL Global (CSE: $SOL.C) (OTCQB: $SOLCF) and SLANG Worldwide (CSE: $SLNG.C)
Delta, Kelowna, BC- March 7, 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/03071POT-WKULF-ACB-FONE-FLOOF-SOL-SOLCF-SLNG.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 USA Inc. (CSE: POT) (OTCQB: WKULF), Aurora Cannabis Inc. (NYSE: ACB) (TSX: ACB), Flower One Holdings Inc. (CSE: FONE) (OTCQB: FLOOF), SOL Global Investments Corp. (CSE: SOL) (OTCQB: SOLCF) and SLANG Worldwide Inc. (CSE SLNG).
Weekend Unlimited USA Inc. announced that recent acquisition, VBC Brands, under the CHAMP Energy brand, will sponsor "The South by Southwest® (SXSW®) conference & festival," taking place on March 12-13th in Austin, Texas.
SXSW® dedicates itself to helping creative people achieve their goals. Founded in 1987 in Austin, Texas, SXSW® is best known for its conference and festivals that celebrate the convergence of the interactive, film, and music industries. An essential destination for global professionals, the event features sessions, showcases, screenings, exhibitions, and a variety of networking opportunities. SXSW® proves that the most unexpected discoveries happen when diverse topics and people come together.
Aurora Cannabis Inc. today provided an update on its strategic investment in Choom Holdings Inc. (CSE: CHOO), an emerging consumer cannabis company that has secured one of the largest retail networks in Canada. Since Aurora completed its $27 million investments in the Choom private placement on June 18, 2018, and the convertible debenture offering on November 5, 2018, Choom has successfully achieved a number of its strategic growth initiatives.
Choom has completed the build outs of 17 retail locations across Western Canada and has 8 additional retail locations currently under construction. In all cases, these retail opportunities
are subject to all the necessary provincial regulatory approvals.
"Choom has demonstrated a strong commitment to rapidly executing its strategic growth plans by developing a sophisticated retail channel across Western Canada while diversifying their operations through further expansion into Ontario," said Terry Booth, CEO of Aurora. "Through our strategic investment, we have helped to expedite Choom's commercial launch while gaining valuable insights into the consumer decision making process which has helped to shape our product allocation and in-store marketing initiatives. I'd like to congratulate Choom on their success to date and look forward to the upcoming projects that the team continues to work on as they roll out their unique retail brand experience across Canada."
Flower One Holdings Inc. announced a new long-term licensing agreement and partnership with leading cannabis technology and hardware brand, Grenco Science. California-based Grenco Science are pioneers in the cannabis hardware space, responsible for engineering the advanced technology behind the internationally-available and ever popular G Pen line of cannabis vaporizers. Flower One is now licensed to sell, distribute and integrate G Pen's proprietary, innovative hardware with new cannabis products from its diverse portfolio of Brand Partners.
"Flower One is pleased to partner with a leading provider of cannabis hardware, and to welcome G Pen to our growing portfolio of Brand Partners," said Ken Villazor, President and CEO of Flower One. "This exciting partnership will allow us to further expand our cannabis offerings in the Nevada market while introducing new cannabis products, through our brand partners, that are supported by G Pen's vaporizing technology."
SOL Global Investments Corp. announced that it has signed a binding letter of intent to acquire three tracts of agricultural property totaling 568 acres of land in the States of Tennessee and Kentucky for the cultivation and production of raw hemp biomass. The Company will assign the agricultural property to its hemp/CBD-focused subsidiary, Heavenly Rx Ltd. The properties will be directly managed by Heavenly portfolio company Blühen Botanicals LLC, an industry-leading hemp biomass processing and extraction company headquartered in Knoxville, Tennessee.
Under the terms of the LOI, Heavenly will acquire a total of 420 acres of agricultural property in McMinn County, Tennessee, and 148 acres of agricultural property in Whitley County, Kentucky. The properties were specifically selected in areas prized for their temperate climates and ideal environmental conditions for both greenhouse and outdoor growing. Blühen will manage the farms pursuant to a farm management agreement to ensure that the highest quality standards are met while also maintaining EuGMP certification protocols.
The properties will allow Heavenly to fill future national or international orders using its own farms and supply agreements, a key development in Heavenly's strategic plan to become a vertically-integrated leader in the hemp and CBD marketplaces.
Also included in the farm and supply agreements will be set terms for contract farming in Tennessee and Kentucky at highly favorable market rates. The first year of contract farming is expected to produce a projected 500,000 lbs. of hemp biomass, which will in turn produce a multitude of high quality, hemp-derived CBD products. The cost of biomass production under the Blühen contract farming agreement is expected to be significantly lower than the average price paid per pound of biomass in 2018, allowing Heavenly and Blühen to realize higher total margins for their hemp and CBD products.
"This acquisition allows Heavenly to solidify its position as a vertically-integrated leader in the emerging hemp and CBD marketplace," said Joe Fox, CEO of Blühen. "Blühen looks forward to leveraging its numerous relationships with farmers across the southeastern United States as the company becomes an increasingly vital part of the national hemp and CBD supply chain."
SLANG Worldwide Inc., a leading cannabis consumer packaged goods company, announced a new strategic partnership with Southern Development Holdings to offer its branded cannabis products to patients across Puerto Rico. Pursuant to the partnership, SDH has been granted an exclusive license in Puerto Rico to the SLANG product suite, including its category-leading products O.penVAPE, :Pressies, District Edibles, Bakked, and Magic Buzz.
SLANG's products will be produced in SDH's state-of-the-art GMP facility and distributed and sold broadly in medical cannabis dispensaries throughout Puerto Rico. SLANG will receive royalty payments for each SLANG branded product sold in Puerto Rico, with sales expected to begin in Q2 2019.
The Company's entrance into Puerto Rico represents its second major market expansion initiative in Q1 2019, following its previously announced partnership with Florida-based Trulieve. Today, consumers can purchase SLANG's branded products in more than 2,600 retail stores across 11 US states.
Puerto Rico has one of the highest number of medical cannabis patients per capita of the US territories, with over 59,000 patients and 71 dispensaries, as of February 2019 per the Puerto Rico Department of Health. Beyond its existing network of patients, Puerto Rico also offers reciprocal dispensary access to out-of-town visitors who hold active medical marijuana licenses from qualified state programs, as well as online registration for those interested in obtaining a medical cannabis permit.
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