Investor Ideas #Potcasts, #Cannabis News and #Stocks on the Move; Episode 476 (TSX: $VIVO.TO) (NASDAQ: $CRON) (TSX: $CRON.TO) (OTCQX: $MRMD) (NEO: MGW) (OTCQB: $MGWFF)
Today's podcast sponsored by Cannabis Suisse Corp. (OTC: $CSUI), a fully licensed cannabis cultivation and distribution company in Switzerland
Delta, Kelowna, BC, October 5, 2020 (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 podcast edition of cannabis news and stocks to watch plus insight from thought leaders and experts.
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https://www.investorideas.com/Audio/Podcasts/2020/100520-StocksToWatch.mp3
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Today’s podcast overview/transcript:
Good afternoon and welcome to another episode of Investorideas.com "Potcast" featuring cannabis news, stocks to watch as well as insights from thought leaders and experts.
Today’s podcast is sponsored by Cannabis Suisse Corp. (OTC: CSUI ), a fully licensed cannabis cultivation and distribution company in Switzerland, for recreational tobacco products and medical CBD oils. The Company's facilities for producing cannabis are based in Dietikon, Switzerland, and contain the art surveillance equipment to enable an around the clock webcast. Cannabis Suisse grows high quality, organic cannabis with sustainable, all-natural principles. The Company's products are laboratory tested to ensure the end users have access to a standardized, safe and consistent product. Cannabis Suisse proprietary trademarked MoldStandard is a quantitative microbiology method for analyzing yeast and mold counts in harvested cannabis plants. Cannabis Suisse proprietary trademarked CannaMec is a method for quantifying and removing residual solvents during packaging and storage of CBD products. Cannabis Suisse Corp. currently sells via a distribution network of Swiss retailers and online shops, under the retail brand Alpine Cannabis.
In today’s podcast we look at a few public and private company announcements.
VIVO Cannabis Inc. (TSX: VIVO) (OTCQX: VVCIF) today announced it has begun its 2020 season harvest at its Kimmetts facility in Napanee, Ontario, the largest in the Company's history.
"I am pleased to say that this year's crop has exceeded our expectations, with some of our plants reaching a height of over 12 feet," said Barry Fishman, CEO of VIVO. "As the only Canadian licensed producer currently using airhouse technology, the success of the crop both validates our strategic decision to invest in the airhouses and demonstrates the capabilities of our highly talented Napanee team."
The Kimmetts facility consists of four airhouses with a total of 75,000 square feet of cultivation space, containing approximately 10,000 plants. The harvest, which started one week ahead of schedule due to accelerated plant growth, began with trimming the sections with the largest flowers.
The use of airhouse technology results in more reliable cannabis compared with outdoor growing as it mitigates the risk of weather and pest events that can easily destroy an entire outdoor crop. Its benefits over outdoor grow also include improved light quality, controlled air flow and humidity, and the ability to use supplemental heat to extend the growing season as required. Airhouses are inexpensive to erect, easy to sanitize, and simple to maintain. VIVO has the capacity to install additional airhouses in a short timeframe with relatively low capital requirements on its 50+ acre property.
VIVO expects to yield approximately 4,000 kilograms from the harvest. Some of the harvest will be packaged and sold as dry flower and the remaining biomass will be extracted in the Company's recently commissioned ethanol extraction hub that has a capacity of handling up to 500 kilograms of biomass per week. After extraction, the Company will process the biomass into its diverse portfolio of Cannabis 2.0 products. Currently VIVO has agreements to sell adult-use products in eight provinces across Canada, and holds a market leadership position in the concentrates category.
Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) announced the launch of its leading medical brand PEACE NATURALS™, in pharmacies throughout Israel through Cronos Israel.
Cronos Israel’s operations include the cultivation and production of PEACE NATURALS™ branded products at the company’s facilities, located in Kibbutz Gan Shmuel, in Israel.
Currently, Cronos Israel sells dried flower in the medical market and expects to launch cannabis oils and pre-rolls in the near future. As one of the first medicinal cannabis brands in Canada, established in 2013, PEACE NATURALS™ has always stood for high-quality products and a whole health approach to patient care. To maintain consistency, Cronos Israel has imported both dried flower and cannabis plant cuttings from Canada. The Cronos Israel facility now operates independent crop cycles which conform to the characteristics of the products the Company sells in Canada and Germany, and which products are sold in Australia by the Company’s investee, Cronos Australia Limited.
Since it was founded in 2018, Cronos Israel has established its cultivation and production facilities, which have received the IMC-GAP, IMC-GMP and IMC-GDP certifications required for the cultivation, production and marketing of dried flowers, pre-rolls and oil drops in Israel. The facilities were built to the same high standards as Cronos Group’s facilities globally, at times voluntarily implementing standards that exceed the Israeli Medical Cannabis Agency (IMCA) requirements for the purpose of providing patients with market-leading cannabinoid products.
“We are very excited to be launching in the Israeli market and bringing high-quality medical products to patients. Israel has done a tremendous job creating a viable and successful cannabis market. There is a focus on improving and expediting the patient access process for medical cannabis. The cannabis usage rate in Israel is among the highest in the world, and the medical patient count in Israel is expected to increase rapidly, which represents an excellent opportunity for our business to grow in this market,” said Mike Gorenstein, Executive Chairman, Cronos Group.
“The intensive work that went into building our cultivation facility and production line resulted in our ability to grow and produce a high-quality product, based on the unique genetics that have been popular with patients in other parts of the world,” said Rani Gorelik, General Manager, Cronos Israel. “Canada’s innovation and professional expertise, alongside our wonderful team here, have helped us create a product that we are proud of. We are excited to take part in revolutionizing the medical cannabis sector in Israel."
MariMed Inc. (OTCQX: MRMD) launched a new line of solventless concentrates under its Nature’s Heritage brand. Live rosin is a highly concentrated solvent-free cannabis hash oil where terpenes and cannabinoids are largely preserved from the natural plant. These Nature’s Heritage concentrates will be available in rotating varieties of sativa, indica, and hybrid strains.
“Our live rosin concentrates will provide the best option for the most discerning cannabis consumers and patients in Massachusetts,” said Ryan Crandall, Chief Product Officer and SVP sales at MariMed. “We made a strategic decision to produce this ultra-premium product based upon strong demand for solventless, flavorful, pure, and potent cannabis concentrates from a growing group of consumers. Adding live rosin and other advanced concentrates to our product portfolio will significantly expand our market share and revenue going forward.”
Sebastian Pollack, Product Engineer at MariMed, added, “The process of creating live rosin cannot be rushed. Our proprietary process starts with the very best Nature’s Heritage flower and requires a dedicated focus to produce a truly exceptional product. We are confident that this is the highest-quality live rosin consumers can find in Massachusetts today.”
Nature’s Heritage has already established itself as one of the top-selling and most sought-after flower brands in Massachusetts and Maryland. The Company is now building on this success with the launch of live rosin and additional products, including other concentrates, a variety of RSO products, vaporizers, and pre-rolls, coming to market over the next several months, all within the Nature’s Heritage brand.
Maple Leaf Green World Inc. (NEO: MGW) (OTCQB: MGWFF) announced that it has been granted California Department of Food & Agriculture (“CDFA”) approval for THC testing.
THC testing is mandated by the state of California to ensure the crop being harvested does not exceed the legal limit of 0.3% THC. A component of the pre-harvest THC testing involves random samples from any of the Company’s five (5) greenhouses or outdoor grow to be taken by the agricultural commissioner for lab testing. A THC test result exceeding the 0.3% limit would result in an immediate implementation of a corrective action plan which would cause significant delays in harvesting. The Company reported that the CDFA lab report tested at less than 0.3% THC and that with the CDFA approval, the Company can officially sell its La Crème Hemp Products.
The company is continuing to harvest and cure its La Crème. The COA sampling collected on Oct 2, 2020 still indicates a pure CBG flower with the CBG concentration increasing to 15.44% from the previous COA at 13.90%. Although this level of CBG is marketable and higher than most strains on the market, the Company will continue to target the 18-20% range on a fully cured flower.
Once again, today’s podcast is sponsored by Cannabis Suisse Corp. (OTC: CSUI ), a fully licensed cannabis cultivation and distribution company in Switzerland, for recreational tobacco products and medical CBD oils. The Company's products are laboratory tested to ensure the end users have access to a standardized, safe and consistent product. Cannabis Suisse Corp. currently sells via a distribution network of Swiss retailers and online shops, under the retail brand Alpine Cannabis.
Investor ideas reminds all listeners to read our disclaimers and disclosures on the Investorideas.com website and that 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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