Investor Ideas #Potcasts: #Cannabis News and Stocks on the Move (TSX: $WEED.TO) (NYSE: CGC), (CSE: $SLNG.C), (CSE: $LDS.C), (CSE: $BLIS.C)
Delta, Kelowna, BC –April 12th, 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 insights from thought leaders and experts.
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Read this in full at https://www.investorideas.com/news/2019/cannabis-potcasts/04121WEED-CGC-SLNG-LDS-BLIS.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 experts and industry leaders.
Today we are looking at announcements from Canopy Growth Corporation (TSX: WEED) (NYSE: CGC), SLANG Worldwide Inc. (CSE: SLNG), Lifestyle Delivery Systems Inc. (CSE: LDS), (OTCQX: LDSYF) and Blissco Cannabis Corp. (CSE: BLIS) (OTCQB: HSTRF).
But first, with a total of 33 states so far approving medical marijuana, for the first time ever, the Kentucky legislative panel has advanced a medical marijuana bill.
The bill being forwarded in Kentucky has been a while in the making and would allow doctors to prescribe marijuana to treat certain medical conditions. The bill has now officially passed out of a state legislative panel and still has a fair way to go yet, but this news is a step in the right direction.
Canopy Growth Corporation today announced that the Company is to join the S&P/TSX 60 Index, achieving another public market "first" for the cannabis industry.
"Being added to the S&P/TSX 60 Index marks another major accomplishment for our company, team, and shareholders," said Bruce Linton, Founder, Chairman & Co-CEO. "First traded on the TSX Venture Exchange on April 4, 2014, I cannot think of a better way to celebrate our 5th year anniversary as a publicly traded company, than being added to the TSX's large-cap index."
The addition of the Company to the S&P/TSX 60 Index will be effective prior to the commencement of trading on April 18, 2019.
SLANG Worldwide Inc., a global cannabis consumer packaged goods company, today announced that it has filed its financial results for the fiscal year ended December 31, 2018. The consolidated financial statements were prepared in accordance with International Financial Reporting Standards ("IFRS"). All figures are stated in Canadian dollars.
SLANG Worldwide CEO Peter Miller said, "SLANG Worldwide's mission is to build a portfolio of leading cannabis consumer products and an extensive distribution network to sell our products. In 2018, we laid the foundational building blocks with SLANG's acquisitions of Organa Brands and Firefly, which were completed in January 2019. Today we are a different company: SLANG is in a position of strength with a diverse portfolio of high performing cannabis brands distributed in over 2,600 stores across 11 US states, Puerto Rico, Canada and Jamaica. We plan to leverage our brand, distribution and partnership strengths and expect rapid growth and scale in the months to come."
Lifestyle Delivery Systems Inc. announced that its wholly-owned subsidiary, CSPA Group, Inc., entered into a Memorandum of Understanding with MBioTeQ, LLC to supply a minimum of 120 liters of raw distillate per month.
Pursuant to the MOU, CSPA Group, Inc. will provide MBioTeQ with a minimum 120 liters of 85% THC raw distillate oil per month. CSPA Group will be responsible for securing the biomass, testing the distillate throughout the manufacturing process until it is ready for pick up by MBioTeQ. The price per liter may vary in the event of fluctuations in California's biomass inventory and prices of raw material increase. This structure permits profitability in an uncertain market.
Casey Fenwick, President of LDS, stated, "This is a great starting point for CSPA and MBioTeQ. We have already started procuring biomass for this contract and, once we have established a steady supply chain, it may pave the way for several other projects CSPA can work on with MBioTeQ."
Blissco Cannabis Corp.,a Canadian wellness cannabis brand based in British Columbia, a licensed processor, and producer of premium dried cannabis and cannabis oil and a licensed distributor of dried cannabis products, announced that it has signed a distribution and supply agreement with National Cannabis Distribution. National Cannabis Distribution is a Canadian company that distributes cannabis products and cannabis accessories with an initial distribution network established in Saskatchewan. The supply agreement with Blissco contains both whole dried flower and pre-rolled cannabis products with the option to include oils, extracts, edibles and topicals in the future.
“Saskatchewan has a private wholesale and private retail cannabis distribution model making it unique amongst Canadian provinces. Blissco is delighted to partner with National Cannabis Distribution as we are both aligned on the values of premium cannabis products, compliance and social responsibility," said Damian Kettlewell, Blissco CEO. “We are excited to make National Cannabis Distribution our partner in Saskatchewan for two years. Initially, we will provide them Blissco’s whole dried flower and pre-rolled cannabis products for distribution to their network of 15 stores in Saskatchewan. Later in 2019, we look forward to providing National Cannabis Distribution with Blissco’s full spectrum cannabis oil and extract products.”
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Investorideas.com website and this podcast is not an endorsement to buy products or services or securities. Investors are reminded all investment involves risk and possible loss of investment
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