Investor Ideas #Potcasts, #Cannabis News and Stocks on the Move - (CSE: $NTAR.C) (CSE: $CROP.C) (CSE: $VREO.C) (CSE: $CHM.C)
Delta, Kelowna, BC –April 11, 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 insights from thought leaders and experts.
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Read this in full at https://www.investorideas.com/news/2019/cannabis-potcasts/04111NTAR-CROP-VREO-CHM.asp
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 experts and industry leaders.
Today we are looking at announcements from NexTech AR Solutions (OTCQB: NEXCF) (CSE: NTAR), CROP INFRASTRUCTURE CORP. (CSE: CROP) (OTC: CRXPF), Vireo Health International, Inc. (CSE: VREO) and Chemistree Technology Inc. (CSE: CHM) (OTCQB: CHMJF).
NexTech AR Solutions (OTCQB: NEXCF) (CSE: NTAR)announced that it has completed its acquisition of Infinite Pet Life, previously announced on March 19, 2019, for a purchase price of $1,850,000. The pet industry has been experiencing explosive growth and according to The American Pet Products Association, almost 85 million households have a pet and over the last 30 years pet ownership has gone from 56% to 68% of all households.
"We are pleased to complete our third acquisition in just the first four months of 2019 and look forward to continuing to execute on our aggressive growth-by-acquisition strategy. This transaction positions NexTech to reach a projected $8.2 million USD in consolidated revenue and $1 million in EBITDA for 2019 - a significant step toward becoming cash flow positive," said Evan Gappelberg, CEO of NexTech. "We're also excited for the opportunities this acquisition provides us from an AR marketing standpoint. We now own a platform where we can bring our AR eCommerce technologies to market and demonstrate the benefits our solutions can bring to e-retailers around the world."
Through its acquisition of Infinite Pet Life, NexTech not only gets a revenue-generating business but also a platform with a broad customer-base in which to launch its AR and AI solutions to, creating a one-of-a-kind eCommerce AR/AI showcase for consumers and prospects. By utilizing NexTech AR and AI solutions throughout Infinite Pet Life, NexTech will significantly advance its knowledge of the customer and their online shopping journey through analyzation of real-time data and analytics. This valuable information, effectively mapping out a customer's path to purchase, will enable NexTech to accelerate the launch of its existing and new AR and AI solutions for eCommerce.
CROP INFRASTRUCTURE CORP. (CSE: CROP) (OTC: CRXPF), announced today that its Emerald Heights retail brand has started two additional retail applications in California.
The first application, in Chula Vista, has already been notified of passing phase 1 of the licensing process. The second, in Contra Costa, has had a letter of intent submitted with the municipality and several appropriate locations have been identified. CROP's business development team has started reviewing several existing licensed M&A opportunities in California for a flagship location.
Furthermore, CROP has confirmed with the brand product supplier that 330,000 pre-rolled cone sleeves have been shipped with custom Hempire and Evolution filters. The pre-roll equipment, located at the recently acquired NorCal distribution centre, can roll up to 10,000 cones per day with sufficient flower remaining from 2018 to fill the cones.
Vireo Health International, Inc.. (CSE: VREO), America's leading science-focused, multi-state cannabis company, today announced the acquisition of two medical cannabis licenses in the State of Nevada. The licenses, which are conditionally approved for adult-use cannabis, will enable Vireo to cultivate, manufacture, and wholesale cannabis-based products to Nevada's licensed dispensaries. This acquisition marks the tenth state in which Vireo is licensed – a milestone achieved by only a select group of multi-state operators (MSO).
"A multi-state operator's geographic footprint is a key determinant of its success, and we believe that the ten states in which Vireo is licensed to operate position the Company to deliver significant value to shareholders," said Chief Executive Officer, Kyle Kingsley, M.D. "Our expansion into Nevada also highlights our commitment to operate in adult-use markets where our physician-led team can help consumers better understand the potential health benefits of replacing opioids, alcohol, and tobacco with cannabis."
On November 8, 2016, voters in Nevada passed the Regulation and Taxation of Marijuana Act (Ballot Question 2) to allow for the sale, possession, and consumption of recreational marijuana in the state for adults 21 and older. Over $250 million dollars in cannabis-based products were sold in 2018 in Nevada, according to the State's Department of Taxation.
Chemistree Technology Inc. . (CSE: CHM) (OTCQB: CHMJF).announced the appointment of Mr. Sheldon Aberman to the newly-created position of Chief Cannabis Officer. This addition will further strengthen its team and advance the Company's international expansion strategy, cultivation practices and results in terms of yield, quality, consistency and cost-effectiveness as it continues to execute across these areas and solidify its position as a world leader within the industry.
"Sheldon is not only a Chemistree Director, but also one of the founders of Chemistree. He has been integral to the Company, overseeing our investment in Washington State, the expansion of our Sugarleaf brand, and the successful receipt of the Conditional Use Permit for the now underway development of 128,000 sq. ft. of canopy and 40,000 sq. ft. of manufacturing and distribution in Desert Hot Springs, California." stated Karl Kottmeier, Chemistree's President. "We are thrilled to have him in this new position of Chief Cannabis Officer, joining our team of experts that can execute across our growing portfolio of assets, focused on turning ideas into revenues." Mr. Kottmeier continued, "Sheldon is a world-renowned leader in the cannabis sector. He has tremendous experience and an unrivalled contact list across the international cannabis community. With this appointment we are even better positioned to continue to build and optimize existing business and expand our operations across the United States and ultimately to international markets. Sheldon has delivered and proven time and again that he is exceptionally well suited to lead this function."
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