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Delta, Kelowna, BC –September 10, 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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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
In today’s podcast we look at a few early announcements.
But first, CannabCo Pharmaceutical Corp., a Canadian company located in Brampton, Ontario, announced an agreement with an undisclosed technology provider to deploy an advanced cannabis technology for the production of near odourless cannabis. This is an industry first and a product the company claims is sorely needed in the marketplace. Upon receiving its license from Health Canada, CannabCo will have exclusive rights to deploy the technology for use in its Canadian production.
Originally developed for the medical market and dubbed "PURECANN", the technology was designed to eliminate much of the harshness of smoking cannabis by consumers without losing any of its properties. "Cannabis by its nature when burnt, typically causes coughing and is very heavy when inhaled, which is especially true for new users." Commented Mark Novak, Cannabco's COO. "The technology when deployed eliminates much of the harshness of smoking cannabis in its dry form allowing the process of using cannabis far more tolerable while retaining the essential properties".
The technology also virtually eliminates odour typically associated with cannabis, both when packaged and stored prior to use, also during the time it is smoked. "When we saw the technology in action and the end result, we realized there were a number of potential markets associated with the use of PURECANN", said President and CEO Mark Pellicane, "There are no third-party gadgets, or devices on the part of the user, the end result is pure cannabis that doesn't smell".
Fully compliant with GMP standards, the company intends to utilize the technology for production of products distributed to the medical and recreational markets. "Imagine someone going outside for a break during the day, having their afternoon cannabis and coming back without any odour attached to their clothing or coat." commented Pellicane. "A woman can carry cannabis in her purse without having the odour concentrated or leaking out in her handbag. A number of users, and people that are around cannabis smokers, complain about the smell especially in enclosed areas, condos, and apartments, and this technology addresses those concerns."
"Over the last two years we've observed product being processed with the system and we were given the opportunity to provide feedback and suggestions for the refinement of the process. We have been incredibly pleased with the results" said Novak. "In using this technology CannabCo will be able to produce a wide variety of products currently not in the marketplace, addressing a key market segment that currently does not exist."
The tech company has the following claims associated with implementing PURECANN:
● Virtually undetectable odour of dry product during storage
● Greatly reduced cannabis odor (virtually undetectable) during combustion
● Reduces harshness resulting in a very smooth smoke on combustion
● May be used to produce a "connoisseur" product for a unique market segment
● Less residual heavy feeling "day after effect" associated with smoking cannabis
CannabCo is currently raising capital, constructing its pilot facility in Brampton, Ontario, and has received a Confirmation of Readiness notification from Health Canada for their pending cannabis license. Cannabco intends to implement the PURECANN technology upon completion of licensing by Health and intends to produce a number of product lines addressing key segments in the medical and recreational markets.
Cannabco also recently announced the intention to deploy PHOENIX technology for its indoor grow operations reducing cannabis production costs to under $.50 per gram. "We intend to allocate a portion of product cultivated with PHOENIX for the manufacture of specialty products using PURECANN", confirmed Novak.
The company has not yet decided if it will apply the technology in the form of third party services for processing cannabis supplied from other Canadian producers however when asked, Pellicane commented "It's a new technology and works hand in hand with PHOENIX, so there is a significant advantage applying it to a portion of our cultivated product, however we have not ruled out processing for other LP's and nothing is currently off the table." Cannabco currently maintains exclusive rights to deploy the technology for its Canadian cultivation and manufacturing operations.
Canopy Rivers Inc. (TSX: RIV) (OTC: CNPOF), announced that its portfolio company Herbert Works Ltd. has received its research and development (R&D) licence from Health Canada to develop branded cannabis-infused beverages.
"This announcement represents a significant milestone for Herbert Works as the company continues to move quickly toward the development of exceptional and widely appealing THC-infused beverages," said Narbe Alexandrian, President and CEO of Canopy Rivers. "It's a timely achievement, as the next wave of cannabis legalization in Canada will unlock these new product offerings in a matter of months. We believe that Herbert Works is in a prime position to capitalize on the growth opportunities that 'Cannabis 2.0' presents for consumers that are eager to try cannabis in different formats."
Herbert Works' mission is to combine advanced technology with its knowledge and appreciation of the experience-enhancing properties of cannabis to create products specifically designed around consumers' many lifestyle needs. Canopy Rivers currently holds 23% of the equity of Herbert Works on a fully diluted basis (excluding a control warrant). For more information regarding Canopy Rivers' investment in Herbert Works, please refer to the Company's annual information form dated July 15, 2019 filed with the Canadian securities regulators and available on the Company's profile on SEDAR at www.sedar.com.
Harvest One Cannabis Inc. (TSXV: HVT) (OTCQX: HRVOF), through its wholly-owned subsidiary United Greeneries Ltd. announced that, on September 6, 2019, it obtained an amendment to its licence from Health Canada which will allow for the sale of cannabis oil products.
Receiving a cannabis oil sales licence from Health Canada is a significant milestone for Harvest One as we prepare formulations for the next wave of cannabis products in Canada. New product development is currently at an advanced stage through licensed third-party partners and we will be launching a variety of vape and infused products when regulations come into effect later this year. The licence also enables the Company to commence initial sales of cannabis oil products to provincial and private retailers in British Columbia, Ontario, Saskatchewan and Manitoba.
"Securing our cannabis oil licence from Health Canada is another key step in the evolution of Harvest One as we get ready for the next stage of legalization" said Grant Froese, Chief Executive Officer of Harvest One. "We are looking forward to launching infused products across all of our brands including Royal High, Satipharm, Dream Water and LivRelief™."
The Company's existing Health Canada approved non-cannabis based products such as Dream Water and LivRelief™ provide a unique differentiator for Harvest One. Those existing products position the Company well to be an early entrant into the derivatives market in Canada. When legal, Harvest One will release new THC- and CBD-infused versions of these brands, which products have already been developed by our formulation team.
Sundial Growers Inc. (NASDAQ: SNDL) announced it has added British Columbia (BC) to the growing list of provinces it supplies high-quality cannabis to.
"As Sundial is expanding quickly, making our products available in BC, where there is a strong and enthusiastic cannabis culture, is exciting, " said Andrew Stordeur, President of Sundial's Canadian operations. "BC is eager to receive safe, reliable and consistent products, and we are pleased to be able to provide our Sundial products to meet consumer needs."
Earlier this year, Sundial and the British Columbia Liquor Distribution Branch (LDB) signed an agreement enabling Sundial to sell its cannabis products in BC. Consumers are now able to purchase Sundial products through LDB's online store or through traditional legally operating retail stores. The LDB is the sole wholesale distributor and retailer of non-medical cannabis in BC.
Sundial's initial entry into the BC market will be with its Sundial brand. This brand offers five product lines: Calm, Ease, Flow, Lift and Spark. Each product line is carefully crafted using small batches and nurtured by master growers to create a consistently high-quality cannabis that evokes a positive consumer experience.
Under Sundial's Calm product line, Zen Berry, an indica-dominant Shishkaberry strain will be the first Sundial product available to BC consumers. More products are expected to arrive this fall from the company's Lift product line, such as Lemon Riot and Citrus Punch.
Sundial is also the proud owner of premium cannabis brands, Top Leaf and BC Weed Co., and hopes to make these products available to the BC market in the future. These brands are recognized throughout the industry and supported by award-winning cultivars and loyal consumers.
Sundial's products are currently available in Alberta, Saskatchewan, Manitoba and Ontario.
Potcast Sponsor
Today’s podcast was sponsored by CBDollars. CBDollars is the first group of its kind designed to turn everyday people into entrepreneurs of one the largest, most profitable industries that will ever happen in this country. CBDollars will teach its members how to invest in the cannabis industry through stocks, ETFs, and as Angel Investors; start a wholesale store for a brick and mortar business; start an online store as a dropshipper; private label your own products from edibles to beauty & More. Join CBDOLLARS to lean more. Follow us on Facebook
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