Investor Ideas #Potcasts: #Cannabis News and #Stocks on the Move (CSE: $INDS.C) (TSX: $TGOD.TO) (TSXV: $NRTH.V)
Delta, Kelowna, BC –June 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/06121INDS-TGOD-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.
Today we are looking at a few early announcements.
But first, Trait Biosciences Inc., North America's leading research laboratory in hemp and cannabis innovations, today announced that it has completed the first-ever successful stable genetic transformation of the Cannabis sativa (hemp) plant.
The achievement was completed by Trait's team of more than 40 scientists and researchers, led by Dr. Richard Sayre, from its licensed facility in Los Alamos, New Mexico. While efforts have been made by other researchers and companies to metabolically engineer the Cannabis sativa plant, Trait's achievement is believed to represent the first time a hemp plant has been stably transformed and successfully grown roots and stems.
This scientific achievement paves the way for Trait Biosciences to begin its efforts to commercialize its Trait Amplified™, Zero™ and Tailored™ technologies.
"Successful transformation of the hemp plant is a pivotal milestone for our company," said Dr. Sayre, Chief Science Officer of Trait. "For us, it is the foundation on which we will be able to develop strains of hemp and cannabis with novel traits, including our Trait Amplified™ technology. Plants grown with Amplified are expected to have more trichomes, have greater photosynthetic efficiency and are expected to generate cannabinoid yields 2x – 5x higher than conventional plants for whole plant extracts, in addition to being able to produce water-soluble cannabinoids, which have far greater bioavailability and onset time than fat-soluble cannabinoids."
The successful transformation was confirmed by polymerase chain reaction and gene sequencing of the gene of interest, with the frequency of the transformation event being 6.7%.
Peter McDonough, Chief Executive Officer of Trait Biosciences, added "This is a major development for Trait and for all who use hemp and cannabis products. For patients who rely on cannabinoid therapies to improve their health, as well as those adult-use customers who use hemp and cannabis for recreational purposes, this means they will soon have access to products that will be more affordable, have better quality and deliver more predictable, repeatable experiences than anything that is on the market currently."
Indus Holdings, Inc. (CSE:INDS) today announced that it has acquired 70% of the issued and outstanding shares of Shredibles LLC in exchange for subordinate voting shares of Indus Holdings, Inc. The total transaction is valued at $240,000, based on the closing price of the Company's subordinate voting shares on June 11, 2019.
Shredibles, one of the first protein bars to infuse CBD oil with all-natural, vegan-friendly ingredients, are a handmade, healthy, post-workout alternative. Individual bars are infused with 20mg of CBD and are available in White Chocolate Macadamia, Peanut Butter Crunch, and Dark Chocolate Blueberry Almond flavors.
Shredibles bars are popular beyond the traditional CBD-based retail market and are currently available in select gyms, yoga studios, grocery, and health stores. Additionally, several notable athletes and artists have begun partnering with Shredibles through sponsorship and brand ambassador relationships.
"Our goal has long been to create a healthy recovery snack that pushes the boundaries of what's possible with CBD," explains Co-Founder and Chief Executive Officer Roddy Hanson. "We felt an instant synergy after our first meeting with the Indus team, and the partnership will allow us to realize our vision for Shredibles," adds Matt Callans, co-founder and chief operating officer.
The Green Organic Dutchman Holdings Ltd. (TSX:TGOD) (OTC:TGODF) announced that it has entered into a multi-year agreement with Neptune Wellness Solutions Inc. (NASDAQ: NEPT) (TSX: NEPT) for extraction, formulation and packaging services. As part of the agreement, TGOD will have exclusivity on extraction, formulation and packaging of certified organic products within and for the Canadian market. Neptune's expertise will enable TGOD to quickly scale up production of a wide range of consumer wellness products.
Under the terms of the agreement, TGOD will allocate more than 230,000 kilograms of cannabis and hemp biomass for Neptune to process and transform into premium certified organic consumer wellness products, making this the largest deal for a processor in the industry to date.
The contract between TGOD and Neptune covers a period of three years and is expected to be back-end loaded with the first year accounting for approximately 20% of the total value. It also marks a significant milestone for cannabis manufacturing in Quebec, creating high value jobs, complementing TGOD's large investment in Valleyfield where the Company is nearing the completion of the first phase of what will become the world's largest organic cannabis growing facility at over 1.3 million square feet.
"With this agreement, Neptune becomes a key partner for TGOD; we have been impressed with their commitment to innovation and excellence in every aspect of their business. Their unique capabilities in terms of extraction, formulation and packaging were decisive factors in our selection process," commented Brian Athaide, CEO of TGOD. "Today's announcement is significant not only because it enables us to start manufacturing certified organic consumer wellness products at scale, but also because of the large and sustained economic impact it will have in Quebec where TGOD is building the world's largest organic cannabis production facility."
TGOD will work closely with Neptune's team to assist them in obtaining their organic certification. To facilitate the certification process, Neptune will allocate a dedicated space to house and operate TGOD's proprietary and/or licenced technologies. In addition, Neptune is in the process of achieving the EU-GMP certification, allowing TGOD to export products to other jurisdictions as laws and regulations permit.
48North Cannabis Corp. (TSXV:NRTH) recently announced that it has signed a supply agreement with the Ontario Cannabis Store ("OCS"), Ontario's sole wholesaler and online retailer for recreational cannabis.
Under the supply agreement, 48North will supply the OCS with 1,200 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.
48North's Good Farm is expected to produce an estimated 40,000 kilograms of organic, sun-grown cannabis from more than 3.7 million square feet of outdoor cultivation space. At Good Farm, 48North expects to harvest cannabis at what is expected to be one of the lowest cost per gram in the country.
This supply agreement marks the Company's third outdoor supply agreement with a provincial wholesaler for outdoor-grown cannabis. Previously, 48North signed agreements with the Société québécoise du cannabis (SQDC) for 1,200 kilograms of dried cannabis, and Alberta Gaming, Liquor & Cannabis (AGLC) for 2,460 kilograms of dried cannabis. To that end, 48North has committed nearly 5,000 kilograms of dried cannabis from its Good Farm in 2019 to the Canadian recreational cannabis flower market.
"48North is looking forward to delivering high-quality, sun-grown, low-cost and organic cannabis to some of the largest cannabis markets in the country. Through a series of historic supply agreements, 48North has solidified its place as part of the solution in addressing the significant supply shortages facing the Canadian recreational cannabis market," said Alison Gordon, co-CEO of 48North.
48North Cannabis Corp. also announced that it has shipped its first order of cannabis to the Société québécoise du cannabis (SQDC) for retail sale. The shipment marks the Company's first foray into the Canadian recreational retail market.
In February, the Company announced that it had signed Canada's first-ever letter of intent for outdoor- grown cannabis with the SQDC, Quebec's sole legal retailer of recreational cannabis. Under the agreement, 48North agreed to supply 1,200 kilograms of cannabis to the SQDC from its outdoor farm in Brant County, Ont., and 120 kilograms of indoor-grown cannabis from its facilities in Brantford, Ont., and Kirkland Lake, Ont. Today's shipment pertains to the 120 kilograms from its indoor facilities.
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