Investor Ideas Potcasts #Cannabis News and Stocks on the Move: (CSE: $HUGE.C) (OTC: $FSDDF) (CSE: $EPW.C) (CSE: $ISH.C) (CSE: $CROP) (OTC: $CRXPF) (OTCQB: $CBDY)
Delta, Kelowna, BC - February 5, 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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Investor Ideas Potcasts #Cannabis News and Stocks on the Move: (CSE: $HUGE.C) (OTC: $FSDDF) (CSE: $EPW.C) (CSE: $ISH.C)(CSE: $CROP) (OTC: $CRXPF) (OTCQB: $CBDY)
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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 thought leaders and experts.
Today we are looking at announcements from FSD Pharma Inc. (CSE: HUGE) (OTC: FSDDF), EMPOWER CLINICS INC. (CSE: EPW), Inner Spirit Holdings Ltd. (CSE:ISH), Crop Infrastructure Corp. (CSE: CROP) (OTC: CRXPF) and Target Group Inc. (OTCQB: CBDY).
FSD Pharma Inc. and Solarvest BioEnergy Inc. (TSX-V: SVS), a technology company which has developed an algal-based flexible production platform capable of producing health products, announced that they have signed a non-binding letter of intent. The parties intend to enter into a definitive agreement, under which Solarvest would conduct research using its algal expression technology to develop pharma-grade cannabinoids, the Parties would make mutual investments into one another, and Solarvest would grant FSD Pharma an exclusive license over a subset of the Project Cannabinoids and certain royalty rights over all of the other Project Cannabinoids.
EMPOWER CLINICS INC. announced that it intends to partner with Datametrex AI Limited and its subsidiary, Canntop AI Inc., to create a pilot program that uses Artificial Intelligence (AI) to analyze and gain insights about Empower patient data, physician treatment recommendations and overall long-term efficacy of patient care.
The Company further intends to use Canntop's AI platform to gain actionable insights on how consumer social data is generating nationwide interest in CBD based products, alternative pain management options and the use of cannabis-based therapies.
The pilot program is expected to utilize Empower patient data in a HIPAA compliant manner, to determine if normalized data can be generated using Datametrex AI solutions to understand how patient care and efficacy of physician-guided treatment recommendations are positively impacting serious qualifying conditions of patients.
"We believe using AI tools to analyze the substantial amounts of data in the Empower database and the additional data from the recently announced proposed Sun Valley acquisition can make Empower a data science leader in the cannabis industry," said Steven McAuley, Empower's Chief Executive Officer. "We believe the outcomes of our AI efforts, if successful, could position the Company as an educational leader and we plan to collaborate with the industry to ultimately improve patient care."
Inner Spirit Holdings Ltd. today announced further progress on its corporate store strategy by acquiring additional locations in Calgary and Canmore, Alberta. Inner Spirit is developing a retail network of Spiritleaf branded cannabis retail locations across Canada.
The Company is building its corporate store portfolio in Alberta with approximately 10 wholly owned corporate locations to support its franchise network and enhance top-line revenue growth. The franchise network is being developed with more than 100 franchise agreements signed and four locations currently open in Alberta and Saskatchewan with a fifth location expected to open in Calgary the week of February 11.
"We are focused on creating a national Spiritleaf brand and providing consistent experiences and quality products for cannabis consumers. We're doing this with a blend of corporate and franchise stores, so we enter markets effectively and efficiently to build the brand. Prime strategic corporate locations like the ones acquired today provide us with flagship stores, a growing source of revenue and a platform for our expansion across the country," said Darren Bondar, President and CEO of Inner Spirit.
Target Group Inc. announced, that effective January 25, 2019, it has entered into an agreement to acquire Massachusetts-based CannaKorp Inc. CannaKorp is the holder of the patent-pending WISP™ vaporizing system.
The WISP™ is a pod-based, herbal vaporizing system that uses precisely measured, sealed and tested WISP™ Pods containing dried, ground botanicals. The WISP™ vaporizer, used together with WISP™ Pods, gives cannabis users the predictability and assurance to know what they're inhaling with every use, without the hassle of grinding, measuring, or packing. For the rapidly evolving market of cannabis consumers who prefer vaporization, Wisp™ presents a proven method of delivery with unique bioavailability benefits and avoids the health concerns associated with the combustion of cannabis and other herbs.
Target Group is acquiring CannaKorp's operations in the United States and Canada. The acquisition will facilitate Target Group's expansion of cannabis operations, and position the Company's brand portfolio for global distribution. Target Group will continue executing its global expansion strategy, which is focused on acquiring and developing quality cannabis brands and solidifying long-term growth and stability in vital markets across the globe.
Crop Infrastructure Corp. announced today that final inspection has been completed at its THC cultivation, production, commercial kitchen and extraction facility in Nevada. The final medical and recreational licenses are expected to be granted later this month.
Meanwhile, construction continues there on the 40-acre perimeter wall for outdoor and greenhouse production. The 40-acre outdoor project is expected to cost $500,000 and is forecast to yield 80,000 pounds of high quality, organically grown outdoor cannabis which will be mostly for sale to extractors and for the company's tenant extraction quotas. The project is now 50% paid for.
The company is now accepting off take and supply agreements requests for 2019 harvest.
CROP CEO, Michael Yorke, stated: "With our ultra low cost, organic outdoor focus in Nevada, our tenant farms will provide extractors with cost effective extraction materials giving both CROP and our tenants a significant competitive advantage in Nevada for the 2019 season and beyond."
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