Investor Ideas #Potcast 553, #Cannabis News and #Stocks on the Move; (CSE: $XTRX.C), (TSX: $APHA.TO) (NASDAQ: $APHA), (OTC: $VSYM), (TSXV: $VIS.V)
Delta, Kelowna, BC, April 15, 2021 (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:
https://www.investorideas.com/Audio/Podcasts/2021/041521-StocksToWatch.mp3
Read this in full at https://www.investorideas.com/news/2021/cannabis-potcasts/04151XTRX-APHA-VSYM-VIS.asp
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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 Phyto Extractions Inc. (CSE:XTRX), an agricultural-scale cannabis extraction, distillation and product manufacturer located in Langley, BC at its co-located Health Canada Licensed Standard Processing (extraction, no cultivation), Sales (extracts, topicals, and edibles) through Adastra Labs Inc. and Analytical Testing Laboratory through Chemia Analytics Inc. Adastra Labs also has a pending Health Canada R&D license amendment.
In today’s podcast we look at a few public company announcements.
Aphria Inc. (TSX: APHA) (NASDAQ: APHA), a leading global cannabis-lifestyle consumer packaged goods company, today announced that its holders of Aphria's common shares at the special meeting of Aphria Shareholders approved the previously announced arrangement under the Business Corporations Act (Ontario), pursuant to which, among other things, Tilray, Inc. will acquire all of the issued and outstanding Aphria Shares. Pursuant to the Arrangement, the Aphria Shareholders will receive 0.8381 of a Tilray share of class 2 common stock for each Aphria Share held, while holders of Tilray Shares will continue to hold their Tilray Shares with no adjustment to their holdings.
The special resolution approving the Arrangement was required to be passed by at least two-thirds (66 2/3%) of the votes cast at the Meeting by the Aphria Shareholders voting virtually or represented by proxy at the Meeting. A total of 108,409,367 Aphria Shares were represented by proxy at the Meeting, representing approximately 34.43% of the issued and outstanding Aphria Shares. Of the total Aphria Shares voted, 99.38% voted FOR the Arrangement.
Irwin D. Simon, Aphria's Chairman and Chief Executive Officer, who will hold these same roles with the Combined Company, commented, "I want to thank all Aphria Shareholders for voting and approving the Arrangement. We appreciate their support, as we believe the business combination will create a Combined Company with a strong financial profile, low-cost production, market share leading brands, distribution network and unique partnerships,.The Combined Company will be increasingly well positioned to deliver a sustainable attractive return for our combined shareholder base."
Closing of the Arrangement remains subject to certain customary closing conditions, including court approval and the approval of Tilray Stockholders.
View Systems, Inc.’s (OTC:VSYM), Sannabis S.A.S. announced the approval by an inspector from the Colombian Institute of Agriculture (ICA) of their Seed Bank Facilities in Popayán- CAUCA, Colombia, historically the country’s top marijuana growing region. The area is known for its unique landrace strains that have been sought after for many years by European seed banks due to their unique properties. These approvals allow for the commercialization of cannabis seeds certified by the Sannabis Seed Bank.
Yesterday, the Ministry of Agriculture’s ICA performed a site visit at Sannabis Seed Bank Facilities for approvals to register as a producer of certified seeds, and to conduct Agronomic Evaluation Studies (PEA). Sannabis is happy to report that the ICA inspector has approved both, now they must wait for a final resolution from the Ministry of Agriculture to be issued before they can begin Agronomic Evaluation Studies. They were approved to study Psychoactive (>1% THC) and Non-Psychoactive (<1% THC) marijuana strains. Studies will begin with their University partners to certify the first 10 strains, including one to produce hemp building materials, such as hemp roof tiles Sannabis has developed along with a local University which have passed durability tests. These studies are necessary to be able to file a patent on these tiles.
To see a copy of the reports approving the Seed Bank Facilities, click here.
The phytosanitary studies require them to grow a test batch and measure its characteristics before coming to market in order to certify its genetics. Sannabis has registered Colombian Landrace Strains from the CAUCA department including Punto Rojo and Mango Biche.
As new countries legalize marijuana, they will need to source certified genetics from a national seed registrar such as Colombia’s ICA. Sannabis is in talks with several parties interested in working with them and will make announcements accordingly. The Ministry of Agriculture is not accepting new applications for Seed Use Licenses as of December 31, 2018.
“These approvals, and subsequent Seed Use License, will allow us to forge relationships with the many global players looking to enter the legal marijuana industry in their home countries,” stated John Campo, President of View Systems, Inc. and co-founder of Sannabis S.A.S.
“We’ve put many years of hard work towards achieving this goal and are ready to start providing certified genetics possible to customers around the World,” commented Juan Paulo Guzman, Director and co-founder of Sannabis S.A.S.
Last year, Sannabis was issued a Fabrication license, click here to see their GRANTED Fabrication and Export License for cannabis derivatives. Sannabis also received notice from the Ministry of Justice concerning their cultivation licenses, they expect to have those licenses issued once the Ministry’s minor requests have been satisfied.
Visionstate Corp. (TSX-V: VIS) announced that it has created a new corporate entity named NEXT Vision Inc., a wholly owned division of Visionstate Corp., to develop Internet of Things (“IoT”) technology for the cannabis sector. By incorporating the Company’s solid knowhow from years developing, executing and selling software solutions for any kind of facility, Visionstate identified a need in facilities that grow and harvest cannabis, and to that end has landed a $500,000 contract.
NEXT Vision Inc. will leverage off the IoT platform for the facilities management sector to create new industry sectors.
Visionstate CEO John Putters explains, “There is no question that IoT technology is increasingly becoming critical to a corporation’s operations. Whether it’s analytics, predictive maintenance, or introducing new efficiencies in operations, IoT has demonstrated returns on investment. For licenced producers, the higher the crop’s quality coupled with cost-effective solutions, the better it is for the producer overall. We are focussing our technology on bringing about those positive results.”
Recently the cannabis sector has experienced a resurgence of activity as speculation mounts that the US will likely legalize or decriminalize cannabis at a federal level. Meanwhile, the cannabis sector has proven to be immune from the effects of COVID-19, witnessing increased sales and revenues despite the lockdowns that have occurred across Canada.
The inaugural contract provides NEXT Vision Inc. the ability to develop a tailored IoT solution for the cannabis sector. It includes introducing new sensor equipment, designing communication protocols between sensors, and developing robust data and analytics that provide insight into the efficiency of operations. Monitoring processes and equipment within larger licenced producers will include lighting, heat, and other environmental conditions, as well as standard procedures that are required to be met by the producers.
BC Hop Company Ltd. announced that it has successfully closed a non-brokered 100% acquisition of Flow Scientific Ltd.
Flow Scientific has been paving the way in the terpene industry since 2016 by creating authentic products that are of the highest quality in their raw form. Flow Scientific is the innovative secret behind the custom aroma, flavour and differentiation of dozens of consumer-packaged goods in the Cannabis 2.0 and 3.0 marketplace. Leading Canadian and American cannabis and agri-food companies rely on Flow for their innovation and reliability. Leading the industry with transparent and full disclosure on ingredients, Flow takes the fear out of inquiries by Health Canada or other oversight agencies with their all-natural botanically derived terpenes.
"As part of BC Hop Company's ongoing expansion beyond hops into industrial hemp, we are thrilled to bring the Flow Scientific team into the growing BC Hop Company Ltd. family. By combining forces, we are taking our partnership in hemp derived terpenes to the next level. We are excited about our ability to serve not only the Canadian brewing, cannabis and agri-food market, but also to serve emerging terpene markets worldwide." commented CEO, Dwayne Stewart.
Terpenes are nature's flavour and aroma creators and are a critical part of the product experience for consumers. Naturally derived terpenes are critical to the effectiveness of recreational and medical cannabis products, as well as other consumer packaged goods categories. This acquisition significantly expands BC Hop Company's portfolio and potential in this new and growing market.
Once again, today’s podcast is sponsored by Phyto Extractions Inc. (CSE:XTRX), an agricultural-scale cannabis extraction, distillation and product manufacturer located in Langley, BC at its co-located Health Canada Licensed Standard Processing (extraction, no cultivation), Sales (extracts, topicals, and edibles) through Adastra Labs Inc. and Analytical Testing Laboratory through Chemia Analytics Inc. Adastra Labs also has a pending Health Canada R&D license amendment.
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.
Learn more about our cannabis podcasts at https://www.investorideas.com/Audio/Potcasts.asp
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