Wednesday, December 18, 2019

Investor Ideas #Potcasts; #Cannabis News and #Stocks on the Move; (TSX: $FIRE.TO) (CSE: $GGB.C) (CSE: $TRUL.C) (TSXV: $ENW.V)

Investor Ideas #Potcasts; #Cannabis News and #Stocks on the Move; (TSX: $FIRE.TO) (CSE: $GGB.C) (CSE: $TRUL.C) (TSXV: $ENW.V)



Delta, Kelowna, BC, December 18, 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 podcast edition of  cannabis news and stocks to watch plus insight from thought leaders and experts.

Listen to the podcast:



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.


The Supreme Cannabis Company, Inc. (TSX: FIRE) (OTCQX: SPRWFannounced today that select brands will be available in Québec and Newfoundland and Labrador, expanding Canadian distribution to all ten provinces.

The Company entered into a letter of intent with Société Québécoise du Cannabis to supply 7ACRES products to retail stores across Québec. On November 21, 2019, the Company also entered into a formal agreement to supply the Newfoundland and Labrador Liquor Corporation with 7ACRES high -end cultivars.

"With increased packaging capacity we are pleased to have the recreational supply necessary to serve new consumers in Québec and Newfoundland and Labrador. As we enter two new provinces, we continue to benefit from the strength of our experienced sales team," said Navdeep Dhaliwal, CEO of Supreme Cannabis. "In anticipation of our 7ACRES brand entering these priority provinces, we specifically launched strains with east coast consumers in mind."

With the addition of improved bottling capacity at 7ACRES and both internal and third-party pre-roll manufacturing capacity, the Company looks forward to providing a steady supply of  premium cannabis products to both markets. As Supreme Cannabis transitions to 100% recreational sales, it is well positioned to successfully supply all ten Canadian provinces.
Supreme Cannabis' 7ACRES brand is now available in all ten provinces across Canada, including British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, New Brunswick, Nova Scotia and PEI. The Company continues to evaluate all markets for its additional recreational brands.

Green Growth Brands, Inc. (CSE: GGB) (OTCQB: GGBXF) and MXY Holdings LLC announced today the termination of its proposed business combination as the market adjusts to the changing macro environment.

"We are aggressively growing our businesses across America as we drive to become a leading cannabis retailer in the country," said Peter Horvath, CEO of the Company. "While we continue to be open to collaborating with other industry leaders, we need to ensure we are focused on building our operational strengths, maximize our returns and, most importantly, avoiding excessive dilution to our shareholder base."

GGB is continuing with its aggressive growth strategy in both the MSO and CBD businesses. The MSO business now includes a 47 dispensary rollout in three key states, and the Company will continue its expansion in this line of business, opening its remaining 45 dispensaries with the same speed and energy it dedicated to its North American CBD network.

"As the market evolves, the attractiveness of our know-how, genetics and premium quality products in multiple states presents many opportunities as we actively grow our business and strengthen our relationships with cannabis industry leaders," said Jordan Lams, Moxie's CEO.

There is no break fee to be paid in connection with this termination. Green Growth Brands has agreed to repay the advance of US$5 million by January 31, 2020 and to reimburse Moxie US$4 million in deal fees on or before July 1, 2020, with both payments to be made in cash.

Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF), a leading and top-performing cannabis company in the United States, will open the doors of its record 42nd Florida location on Thursday, December 19th in Orange Park. This milestone location comes days after Trulieve, Florida's largest medical cannabis operator, became the first licensee in Florida to surpass 40 locations.

Currently, Trulieve operates 41 other dispensaries throughout the State of Florida, including in the nearby communities of Jacksonville, St. Augustine, and Palm Coast. The latest storefront, located on Blanding Boulevard in Orange Park, supports the company's mission to expand and ensure safe, reliable access for patients statewide.

"Since opening our first location, we've focused on delivering strong, customer-centric experiences in every community we serve. As a result, we've been fortunate to develop a passionate patient base and our continued growth is due in large part to that relationship," said Trulieve CEO Kim Rivers. "Expanding access throughout Florida and offering patients a wide selection of inventory that they've helped develop is part of our strategic vision.

Whether someone is starting their journey towards relief or seeking a new treatment alternative, our well-trained staff is ready to assist patients at every step of the process. We encourage all patients to reach out to find out more."

To celebrate its newest store, Trulieve will be hosting a grand opening on Thursday, December 19th at 10:00 AM, with press tours of the new dispensary immediately following. In honor of the grand opening, all patients are eligible for an in-store 25% discount at the Orange Park location on opening day.

In stores and online, patients will find Florida's largest selection of THC and CBD products, available in a variety of delivery methods, including smokable cannabis, concentrates, tinctures, topical creams, vaporizers, and more. Trulieve also offers home delivery statewide for patients, and convenient in-store pick-up at its 42 dispensaries in locations across the state from Pensacola to Key West.

As the state's leading medical cannabis provider, Trulieve's employees are experienced, knowledgeable and eager to help patients. Trulieve encourages potential patients, as well as patients who are new to cannabis and our wide array of products, to connect with the staff to learn more.

EnWave Corporation (TSX-V:ENWannounced today that it has signed a royalty-bearing commercial license agreement with Responsible Foods ehf to produce Radiant Energy Vacuum dried snacks and ingredients using premium Icelandic raw materials.These REV™-dried applications will be sold in both domestic and international markets. Under the terms of the License, Responsible Foods purchased a 10kW commercial REV™ machine to initiate production in Iceland.

The License grants Responsible Foods the exclusive right to process a variety of unique and healthy food products in Iceland including, but not limited to, dairy products, seafood, meat, microalgae and seaweed, and a variety of herbs, berries and mushrooms native to Iceland. These REV™ dried products can be sold as ingredients or retail consumer products around the world.

This License is the first signed by EnWave in Iceland and 36th world-wide further proving the value proposition of REV™ technology as a tool to create innovative, premium food applications.

Investor ideas reminds all listeners to read our disclaimers and disclosures on the
Investorideas.com website and 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   

Learn more about our cannabis podcasts at https://www.investorideas.com/Audio/Potcasts.asp

To hear more Investorideas.com podcasts visit: https://www.investorideas.com/Audio/.
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Potcasts is now a certified word mark Trademark on the blockchain through Cognate, Inc. CM Certification-Registration Number: 10468217708

About Investorideas.com - News that Inspires Big Investing Ideas
Investorideas.com is a recognized news source publishing third party news, research and original financial content. Learn about investing in stocks and sector trends with our news alerts, articles, podcasts and videos, looking at cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy and more. Investor Idea’s original branded content includes the following podcasts and columns : Crypto Corner , Play by Play sports and stock news column, Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast and column,  Cleantech and Climate Change , Exploring Mining  the AI Eye .
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.
More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com
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The #AIEye: NVIDIA (Nasdaq: $NVDA) Introduces TensorRT 7, Provides Access to Deep Neural Networks for Autonomous Vehicles, Baidu (Nasdaq: $BIDU) and Samsung Ready for #AI-Chip Production in 2020


The #AIEye: NVIDIA (Nasdaq: $NVDA) Introduces TensorRT 7, Provides Access to Deep Neural Networks for Autonomous Vehicles, Baidu (Nasdaq: $BIDU) and Samsung Ready for #AI-Chip Production in 2020

Global AI Chip Market to Grow $36.6 Billion from 2019-2023




Point Roberts WA, Vancouver BC – December 18, 2019  – Investorideas.com (www.investorideas.com), a global investor news source covering Artificial Intelligence (AI) brings you today’s edition of  The AI Eye-  watching stock news, deal tracker and advancements in artificial intelligence.

Listen to today’s podcast:



Today’s Column- The AI Eye- Watching stock news, deal tracker and advancements in artificial intelligence

Stocks discussed: (NasdaqGS:NVDA) (NasdaqGS:BIDU) (KSE:005930)

NVIDIA Corporation (NasdaqGS:NVDA) today introduced the TensorRT 7, which is “the seventh generation of the company’s inference software development kit” to deliver conversational AI applications. NVIDIA founder and CEO Jensen Huang, explained:

“We have entered a new chapter in AI, where machines are capable of understanding human language in real time. TensorRT 7 helps make this possible, providing developers everywhere with the tools to build and deploy faster, smarter conversational AI services that allow more natural human-to-AI interaction.”

The company also announced that it will provide the transportation industry with access to its NVIDIA DRIVE deep neural networks (DNNs) for autonomous vehicle development on the NVIDIA GPU Cloud (NGC) container registry. Huang said:

“The AI autonomous vehicle is a software-defined vehicle required to operate around the world on a wide variety of datasets. By providing AV developers access to our DNNs and the advanced learning tools to optimize them for multiple datasets, we’re enabling shared learning across companies and countries, while maintaining data ownership and privacy. Ultimately, we are accelerating the reality of global autonomous vehicles.”

Baidu, Inc. (NasdaqGS:BIDU) and Samsung Electronics (KSE:005930revealed that the former’s first cloud-to-edge AI accelerator, Baidu KUNLUN, has completed its development and will be mass-produced in early 2020. The KUNLUN is manufactured on Samsung's 14nm process technology. OuYang Jian, Distinguished Architect of Baidu, commented:

"We are excited to lead the HPC industry together with Samsung Foundry. Baidu KUNLUN is a very challenging project since it requires not only [a] high level of reliability and performance at the same time, but is also a compilation of the most advanced technologies in the semiconductor industry. Thanks to Samsung's state of the art process technologies and competent foundry services, we were able to meet and surpass our goal to offer superior AI user experience."

Global AI Chip Market to Grow $36.6 Billion from 2019-2023

A report from Technavio finds that the global AI Chips market will grow $36.6 billion from 2019 to 2023 and in that forecast period will witness a compound annual growth rate (CAGR) of roughly 39 percent. An excerpt from the report snapshot reads:

Most of the online services of companies are run with the help of data centers. These data centers contain thousands of servers which operate with the help of a chip called CPU. The growth of the AI market has led companies to offer CPUs with additional processors that form deep neural networks. These neural networks require more power than ordinary CPUs to analyze huge amounts of data for learning and performing a task. Thus, the improvement of efficiency and reduction of power consumption is necessary for data centers which process large amounts of data. The use of AI technology allows data center providers to achieve better energy efficiency, server optimization, infrastructure management, and security.

Sam Mowers, Investorideas.com

             
For a list of artificial intelligence stocks on Investorideas.com visit here or become an Investor Ideas member

About Investorideas.com - News that Inspires Big Investing Ideas Investorideas.com is a recognized news source publishing third party news, research and original financial content. Learn about investing in stocks and sector trends with our news alerts, articles, podcasts and videos, looking at cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy and more. Investor Idea’s original branded content includes the following podcasts and columns : Crypto Corner , Play by Play sports and stock news column, Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast and column,  Cleantech and Climate Change , Exploring Mining  the AI Eye .

The Investorideas.com podcasts are also available on iTunes,  Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio and Google Play Music.

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Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com
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#CryptoCorner: Canaan (NasdaqGM: $CAN) Sees Stock Decline Following IPO, Honeywell (NYSE: $HON) Partners for #Blockchain Solution Against Counterfeit in Aerospace Industry, HTC Downsizes with Focus on VR and Blockchain Phone and Fidelity Digital Assets Expanding to UK


#CryptoCorner: Canaan (NasdaqGM: $CAN) Sees Stock Decline Following IPO, Honeywell (NYSE: $HON) Partners for #Blockchain Solution Against Counterfeit in Aerospace Industry, HTC Downsizes with Focus on VR and Blockchain Phone and Fidelity Digital Assets Expanding to UK




Point Roberts, WA, Delta BC December 18, 2019 - Investorideas.com, a leader in crypto and blockchain investing news brings you today’s edition of the Crypto Corner podcast and commentary on what’s driving the cryptocurrency market .

Listen to today’s Crypto Corner Podcast:  



Stocks discussed: (NasdaqGM:CAN) (NYSE:HON) (TWSE:2498)

According to a report from CoinDesk, crypto mining firm Canaan Inc. (NasdaqGM:CAN) has seen its stock price decline “in all but four of [its] first 17 trading sessions” since going public on November 21 this year. Though valued at $1.3 billion at the time of its IPO, the company is reportedly “down 35 percent since the start of last week” alone. The CoinDesk report cites an industry sales slump for crypto mining computers, as well as competition with rival Bitmain as possible reasons for Canaan’s difficulties.

Honeywell International Inc. (NYSE:HON) is collaborating with companies iTRACE and SecureMarking to fight counterfeit in the aerospace market with blockchain technology. Lisa Butters, general manager of Honeywell's GoDirect Trade online marketplace, explained:

"Honeywell is committed to enhancing part provenance and authenticity in aerospace part sales, and to provide transparency by storing digital verification records onto the blockchain ledger for all to see. Our mission is to build the first aerospace marketplace that customers can confidently buy quality parts from. Our work with Honeywell PMT, SecureMarking and iTRACE is bringing new levels of security to the aviation industry."

Taiwanese electronics giant HTC (TWSE:2498) revealed its intention to downsize and focus on its VIVE virtual reality system and Exodus series of blockchain-based smartphones, according to local outlet Taiwan News. The downsizing, described as a “workforce adjustment”, is part of the company’s realignment strategy. An excerpt from the article reads:

“The company, which has around 3,000 employees, did not reveal details of the planned layoffs such as the numbers and departments to be affected. Those who get sacked will still be eligible to receive two months' salary as their year-end bonus…”

Cointelegraph reports that Fidelity Digital Assets, the crypto arm of multinational Fidelity Investments, is expanding its services to the UK. This UK branch will launch with only services related to Bitcoin (BTC) initially. A Fidelity representative told the publication that the firm was prepared to adapt to the different regulatory environment in the UK.

“We recognize that the regulatory requirements for service providers in the digital assets space is evolving, and we intend to comply with all applicable requirements in the U.K. and elsewhere as we continue to globally expand our services to the institutional investment community.”

Sam Mowers, Investorideas 

For investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain and Digital Currency Stocks Directory

About Investorideas.com - News that Inspires Big Investing Ideas Investorideas.com is a recognized news source publishing third party news, research and original financial content. Learn about investing in stocks and sector trends with our news alerts, articles, podcasts and videos, looking at cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy and more. Investor Idea’s original branded content includes the following podcasts and columns : Crypto Corner , Play by Play sports and stock news column, Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast and column,  Cleantech and Climate Change , Exploring Mining  the AI Eye .


The Investorideas.com podcasts are also available on iTunes,  Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio and Google Play Music.

Visit the Podcast page at Investorideas.com:

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.
More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com
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#CBD Vending Machines Help to Light up the Holidays for Consumers (OTCQB: $CANB) (CSE: $IAN.C) (TSX: $WEED.TO) (NYSE: $CGC) (OTC: $PURA)


#CBD Vending Machines Help to Light up the Holidays for Consumers (OTCQB: $CANB) (CSE: $IAN.C) (TSX: $WEED.TO) (NYSE: $CGC) (OTC: $PURA)

Point Roberts WA, Delta BC – December 18, 2019 - Investorideas.com, a leading investor news resource covering cannabis and hemp stocks releases a special report on recent events with regards to new product and retail developments in the CBD space as the holiday shopping season winds up, featuring news from Canbiola, Inc. (OTCQB: CANB).

CBD products exploded in 2019 and are now more accessible through new retail agreements and online sales. As the year rolled along, many consumers gained more awareness of the CBD space. They have more trust and knowledge of the products they are looking for as companies now offer more transparency and education. This leads us to the 2019 Holiday Shopping Season which is giving many CBD companies the opportunity to reinvigorate sales and introduce new products and sales avenues.


According to recent data, “CBD Search rates grew 126% between 2016 and 2017, then another 160% from 2017 to 2018, the study said. People are estimated to search for “CBD” and “cannabidiol” 117.7% more this year, compared to last year.”

Canbiola, Inc. (OTCQB: CANB),a developer, manufacturer and seller of a variety of hemp-derived THC-Free Cannabidiol (CBD) Isolate products such as oils, drops/tinctures, creams, moisturizers, chews and capsules announced the deployment of the first 10 Canbiola-branded CBD product dispensing machines.

As previously announced, the initial focus of this new direct-to-consumer marketing strategy will be to place the product dispensing machines in MRI Centers, outpatient surgery centers, urgent and emergency care facilities, physician offices, high traffic shopping malls, fitness and health clubs, country club golf pro-shops, and even high-end hotels. Each product dispensing machine will dispense a variety of up to 10 of Canbiola CBD products (SKU’s) including hemp oil drops, CBD salve and CBD Cryo Gel. The product dispensing machines include a video screen with an explanation of CBD, a doctor interview/tutorial on the potential applications of CBD and certificate of analysis (COA) for each product being sold.

The sale and demographic data from the first 10 unit placements will be used to gather and analyze data to dictate the placement of the planned deployment of up to 150 units in 2020.

Canbiola Chief Executive Officer, Marco Alfonsi commented, “The deployments of the Canbiola branded CBD machines will not only increase revenue but based on the placement in high visibility locations will dramatically increase brand awareness and allow consumers to learn about CBD and place orders in an environment outside of the internet or a traditional retail store.”

In other news, the company announced that Green Grow Farms, for which the Company has signed a definitive acquisition agreement (to acquire 51% of), has signed a national Dealer agreement with “The Triminator” to re-sell their full line of Hemp Industry products inclusive of harvesters, trimmers, dryer, buckers and other related products. After much research, Green Grow has determined the “The Triminator” manufactures some of the best equipment on the market today; equipment that Green Grow will be using in its operations as well re-selling to customers, primarily in the northeast region of the United States.

Green Grow Farms is positioning itself for 2020 to, in addition to growing, being a full service provider for the Hemp Growing Community in the northeast region of the United States, providing the best in harvesting, bucking, drying, curing, trimming and processing. Green Grow intends to make the capital commitment to build the required infrastructure to provide turnkey solutions for all the aforementioned services to hemp growers of the northeast for 2020. Green Grow will continue to partner with or develop the finest array of automated equipment for the hemp Industry.

CBD For Life, a subsidiary of iAnthus Capital Holdings, Inc. (CSE: IAN), (OTCQX: ITHUF), which owns, operates and partners with best-in-class regulated cannabis operations across the United States, recently announced that it has now reached over 2,600 retail stores in the United States with its leading CBD-infused wellness and self-care products.

In addition to traditional retailers like Urban Outfitters, Dillard's, The Hallmark Store and Wegman's, CBD For Life's products can now be found with top shelf placement in newsstands in hundreds of high traffic areas including rail stations, commuter terminals and airports. The Company also began a limited roll out of products with UNFI Distribution, the largest natural foods distribution company in the United States and Canada with over 43,000 customers including natural foods grocers, health food markets and superstores.  The Company's products are also available online at CBDforlife.us, Dillards.com, UrbanOutfitters.com and were recently re-launched at TheGrommet.com.  CBD For Life's rubs were recently featured on the Yahoo.com holiday shopping guide “7 classy stocking stuffers they'll never guess are under $25”, and the company has now reached over 1000 5-star product reviews.

 "We are thrilled that CBD products are in such high demand this holiday season. On Black Friday alone this year, we saw a nearly 300% increase in our average daily sales. Cyber Monday was similar. Our holiday gift set, available through our website, is seeing incredible sell-through. With the recent upgrades we've made to our website, e-commerce fulfillment, and third-party logistics systems, we are ready to meet that demand and can't wait to put smiles on thousands of faces on Christmas Day!" said Julie Winter, Vice President at iAnthus and General Manager of CBD For Life. "We are beginning our fifth year of operations with great momentum.   In the new year, look for new packaging and new products, including deodorant and lip treatments."   

Canopy Growth Corporation, USA, LLC (TSX: WEED) (NYSE: CGC) recently announced their entry into the US CBD space with the launch of First & Free – a hemp-derived CBD product line offered in a variety of formats, including softgels, oil drops and creams. The products will be available for purchase on the company's first e-commerce site: www.firstandfree.com.

Perfected through state-of-the-art technology and rigorous testing, First & Free products are created by extracting and isolating derivatives from the hemp plant to produce pure and consistent CBD formulations that are packaged in easy-to-use formats.
 
"First & Free marks a new way for US consumers to purchase quality CBD products from a trusted source," said Rade Kovacevic, President of Canopy Growth. "Through state-of-the art extraction methods, strict quality control measures, and scientific research, we are delivering a best-in-class product to the market."
 
At launch, the First & Free brand will offer the following hemp-derived CBD products:

    First & Free Oil Drops
   Unflavored 25 mg per mL (750 mg per 30 mL bottle)
   Peppermint flavor 25 mg per mL (750 mg per 30 mL bottle)
     First & Free Softgels
   250 mg CBD carton (10 softgels)
   750 mg CBD  bottle (30 softgels)
   1500 mg CBD bottle (30 softgels)
     First & Free Creams*
   2500 mg Everyday Cream (CBD Only)
   2500 mg Motion Cream (CBD + Arnica)
   2500 mg Revitalize Cream (CBD + Capsaicin)

Canopy Growth is committed to selling only high-quality, tested and reliable products, and ensuring it makes no claims unless clinically validated. This means selling First & Free products only in States where permissible under state law in order to ensure compliance with state consumer protection mandates and following the most stringent state laws regarding the sale of CBD. The Company is also abiding by existing FDA regulations for manufacturing, labeling and marketing dietary supplements.

CBD products are not only making movement in the US, but are also starting to have an impact in the EU with companies like Puration, Inc. (OTC: PURA), who recently announced entering into a contract to begin bottling EVERx CBD Sports Water in Europe. The company recently acquired a company to facilitate bottling in Europe as part of an overall initiative to expand bottling capacity world-wide. The company also entered into a distribution agreement in Europe estimated to add $4 million in sales next year.

Management indicates that the potential of European distribution goes beyond the initial $4 million projection warranted by the establishment of a local bottling capacity. The European market for CBD is projected to reach nearly US $17 billion by 2023. The company has scheduled an update with more details on the company's recently announced 2020 expansion plan scheduled for next week on Tuesday, December 17, 2019. PURA's expansion is intended to substantially increase PURA's 2020 prospects beyond its current $8 million revenue target. PURA has recently reconfirmed its $4 million revenue target for 2019 and an $8 million revenue target for 2020.

2019 has been an explosive year for the CBD and Hemp industry and as this year makes a close, many are looking to capitalize on this Holiday momentum and to continue to drive sales and growth into and through 2020. We are now beginning to see which product SKUs consumers are demanding, and as more clarity from the FDA comes out and as competition forces higher company standards, we can expect to see the CBD/Hemp industry having an even larger impact on the 2020 Holiday season.

About Investorideas.com - News that Inspires Big Investing Ideas Investorideas.com is a recognized news source publishing third party news, research and original financial content. Learn about investing in stocks and sector trends with our news alerts, articles, podcasts and videos, looking at cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy and more. Investor Idea’s original branded content includes the following podcasts and columns : Crypto Corner , Play by Play sports and stock news column, Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast and column,  Cleantech and Climate Change , Exploring Mining  the AI Eye .

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.
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