Investor Ideas #Potcasts: #Cannabis News and #Stocks on the Move (CSE: $HITI.C) (TSXV: $RIV.V) (CSE: $LOVE.C) (TSXV: $NRTH.V)
Delta, Kelowna, BC –May 15, 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/05151HITI-RIV-LOVE-NRTH.asp
Today’s podcast overview/transcript:
Good afternoon and welcome to another episode of Investorideas.com “potcasts”, looking at cannabis news, stocks to watch as well as insights from thought leaders and experts.
In today’s podcast I look at a few of the day’s earlier announcements.
But first, though not a public company, Theracann International Benchmark Corporation, a leading full service international cannabis consultancy and technology firm in conjunction CannAcubed Pte Ltd (CannAcubed), a pioneer in the China cannabis space with a focus on building the world's largest diversified cannabis operations, announced today an agreement focused on the implementation of Theracann's molecular tagging ETCH biotrace™ technology for the industrial hemp and cannabinoid markets in China.
TheraCann's ETCH biotrace™ platform uses both a physical molecular taggent and non-appendable distributed ledger (blockchain) to provide forensic levels of traceability of cannabis and cannabis derivatives at any point in the supply chain. Whether it is introduced at the farmer, processor, manufacturer, or at packaging, ETCH biotrace links a unique molecular tag to the cannabis plant that will survive extraction or conversion into new products within the supply chain.
The rapid global adoption of cannabis legislation has accelerated the need to secure and truly validate cannabis supply. Current systems, many of which rely on RFID or bar code technologies, are capable of accurately tracking cannabis supply chains through the cultivation stage but cannot forensically track cannabis and/or hemp derivative products back to a specific source once the physical tags and packaging are removed or the product is mixed with other suppliers.
"CannAcubed's focus will be from tracking inception of an individual plant or crop, through harvest, processing, and distribution, all the way to the point of sale to the patient," said Glenn Davies, Chief Executive Officer at CannAcubed. "This collaboration with Theracann and ETCH biotrace provides visibility into the cannabis 'chain of custody ', tracking cannabis supply chains with the ultimate aim to create a successful, sustainable and professional cannabis industry that is legitimately, safely and responsibly bringing cannabis to China, and the world."
BioLumic Ltd., creators of a sustainable ultraviolet (UV) crop yield enhancement system, and Canopy Rivers Inc. (TSXV: RIV) (OTC: CNPOF) today announced a strategic investment from Canopy Rivers. BioLumic extended the Finistere Ventures-led Series A financing round to include Canopy Rivers' strategic investment of US$1.5 million, closing the oversubscribed round at US$6.7 million. The financing was comprised of a tier-one investor roster that also included Rabo Food & Agri Innovation Fund and Radicle Growth acceleration fund.
This marks Canopy Rivers' first investment in agri-technologies, specifically focused on the promising fields of plant physiology and UV photobiology. With extensive global trials in traditional and high-value produce crops already underway, BioLumic will use the added investment to grow its team to support the acceleration and expansion of its UV light treatment initiatives, including applications in the medical cannabis market.
"Canopy Rivers' mission is to build and support a thriving global cannabis economy, and we are dedicated to identifying and investing in strategic technology players throughout the legal cannabis value chain," stated Mary Dimou, Director, Business Development, Canopy Rivers. "Led by an exceptional management team, BioLumic's groundbreaking, proprietary UV technology has the potential to significantly improve cannabis growth, vigor and yield – promising an environmentally friendly, GM-free cannabis crop through the power of light."
High Tide Inc. (CSE:HITI) (OTCQB:HITIF), an Alberta-based, retail-focused cannabis corporation enhanced by the manufacturing and wholesale distribution of smoking accessories and cannabis lifestyle products, today announced that it has received approval from The Depository Trust Company ("DTC") to make the Company's common shares eligible to be electronically cleared and settled through DTC. DTC Eligibility makes High Tide's common shares more accessible to investors in the United States, which is expected to result in higher volumes given the additional availability of shares for trading.
Cannara Biotech (CSE: LOVE) (OTCQB: CNBTF), an emerging vertically integrated cannabis company focused on the cultivation and sale of cannabis and cannabis-infused products to the Canadian and international markets, today announced its common shares are listed for trading on the OTCQB® Venture Market under the trading symbol "CNBTF".
The Company's common shares continue to be listed on the Canadian Securities Exchange under the trading symbol "LOVE".
48North Cannabis Corp. (TSXV:NRTH) announced today that it has signed a supply agreement with Alberta Gaming, Liquor & Cannabis ("AGLC"), Alberta's wholesaler of recreational cannabis. 48North's supply agreement with AGLC was signed on May 15, 2019, and pertains to calendar year 2019.
Under the supply agreement, 48North will supply AGLC with 2,460 kilograms of dried cannabis from its outdoor farm in Brant County, Ont., ("Good Farm") and other cannabis products such as pre-rolls from its indoor facilities in Brantford, Ont., ("Good House") and Kirkland Lake, Ont. ("DelShen Therapeutics").
Pending Health Canada approval, Good Farm is expected to produce an estimated 40,000 kilograms of organic, sun-grown cannabis, from more than 3.7 million sq. ft. of outdoor cultivation space. In early May, the Company received its Confirmation of Readiness from Health Canada for its Good Farm application and is well-prepared to harvest cannabis outdoors in 2019.
"48North is looking forward to delivering high-quality, sun-grown, sustainable and organic cannabis to the Alberta cannabis market. Through today's historic agreement, the first to supply outdoor grown cannabis to Alberta, 48North has taken another meaningful step to respond to market demand and provide a reliable and environmentally sustainable source of production for Alberta," said Jeannette VanderMarel, co-CEO of 48North.
Also as Wednesday is colloquially called “hump day”, I recently read a great article from Leafly.com, discussing the difference between CBD and THC for sex. The general gist is CBD is better for after sex, THC for during and there is some specific strain talk as well. It’s a worthwhile read for anyone wishing to better evolve your sex life through cannabis. Happy Hump Day!
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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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