Investor Ideas #Potcasts; #Cannabis News and #Stocks on the Move: Interview with Neil Marotta, President and CEO of Indiva Limited (TSXV: $NDVA) (OTCQX: $NDVAF)
Delta, Kelowna, BC –September 23, 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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In today’s podcast I interview Neil Marotta, President and CEO of Indiva Limited (TSXV: NDVA) (OTCQX: NDVAF) at the ICBC (International Cannabis Business Conference) in Vancouver which took place September 15 -16, where we discussed Indiva’s latest announcements and how the company is preparing for “Cannabis 2.0” as federal regulations change in Canada this October.
Neil discussed the company’s partnership with Bhang Inc. (CSE: BHNG) (OTC: BHNGF) as well as Ruby Sugar and how that plays into their strategy for Cannabis 2.0, saying “what we’re really excited for is cannabis 2.0, which we’ve been preparing for for a couple of years, and that’s through our partnership with Bhang Chocolates. We’re in discussions for rolling out those chocolates and we’re ready to make those. Then we also have the Ruby Sugar salts and gems, that we also license, different company, different deal but I’m also really excited for that. As much as I love the Bhang chocolate, sugars and salts are really interesting as it allows you to bake your own products with it, or add it to drinks or other foods that you like, as opposed to buying a cannabis specific food. Also for places like Quebec, which are for now at least saying they won’t allow chocolates necessarily day one. I think sugar and salt are far less appealing to kids just sitting on the shelf, so we think there’s a nice market there for us.”
When asked how Indiva and their partners have helped prepare themselves for the launch of Cannabis 2.0 Neil continued, “There’s a few different points. One is people. We’ve hired CPG executives who have decades of experience making food. Whether that’s with General Mills or Maple Leaf Food or Nestle, they know how to make food efficiently and profitably. In terms of our partnerships with Bhang or Ruby, we’re not reinventing the wheel. We’re really copying and pasting what they’ve already done with award winning product. That goes further to ops as well where we’re working with some of their engineers from their California licensee to help us design, commision and ultimately start up our chocolate producing line, so that we get this right, right away.”
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