Investor Ideas #Potcasts 589, #Cannabis News and #Stocks on the Move; (CSE: $CRFT.C), (CSE: $GAGE.C), (TSXV: $KHRN.C) (OTCQX: $KHRNF), (TSX: $WEED.TO) (NASDAQ: $CGC)
Delta, Kelowna, BC, July 27, 2021 (Investorideas.com Newswire) www.Investoride, as.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.
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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 private and public company announcements.
Gage Growth Corp. (CSE: GAGE), a leading high-quality cannabis brand and operator, announced that it will bring the iconic cannabis brand COOKIES to Canada. COOKIES is one of the best-known cannabis brands in the world and has one of the largest retail footprints in the industry. The partnership will bring the brand to Canadian consumers for the first time.
COOKIES products are expected to be available exclusively in Ontario via the Ontario Cannabis Store (OCS), the largest purchaser of cannabis in the world, by the end of 2021, before moving to wider distribution across other provinces. Gage will work with NOYA Cannabis Inc., a premium hydroponics production company awarded its grow and sales license from Health Canada in 2018, to bring to market hand-selected strains from rapper and entrepreneur Berner and his renowned cultivation partner Jigga. Such hand-selected strains include Gary Payton, Georgia Pie, Medellin, Lions Mane, Soap, Cheetah Piss, Blanco and more. In addition to iconic COOKIES strains, the partnership will also bring other COOKIES brands such as Lemonnade, Minntz, Runtz, Grandiflora, Powerzzzup, Run The Jewels and Collins Ave. to Canadian consumers. A COOKIES retail store is also planned to open in Canada by the end of 2021.
"For the past decade, I've put taste and experience first," said COOKIES founder Berner. "I'm thrilled to work with Gage, a company that is just as passionate about our brand as we are, to provide Canadian consumers with some of the best flower and cannabis products available in the world. It feels good to be in a position to diversify the current flavor profile on the Canadian market, with a planned flagship store in Toronto, I think the Canadian connoisseur will be proud to have COOKIES. NOYA already has our standards dialed in as far as cultivation goes, so this should make a smooth and powerful introduction to the COOKIES brand in Canada."
According to the Brightfield Group, legal cannabis sales in Canada grew 118% last year and are expected to grow another 60% this year. More importantly, sales in the legal market eclipsed that of the illicit market for the first time in Q1 2021.
"Working with Berner and his team to bring COOKIES to the Canadian market is validation of the painstaking processes we've developed at Gage," said Fabian Monaco, CEO of Gage. "The growth of the Canadian market creates more diverse and demanding consumers, and we're excited to bring one of the best-known cannabis brands in the world to customers across Canada."
Khiron Life Sciences Corp. (TSXV: KHRN)(OTCQX: KHRNF), a vertically integrated medical cannabis leader with core operations in Latin America and Europe, today announces its support for amendments to Colombia's medical cannabis decree, signed July 23, 2021. With the enhanced regulations, Colombia continues to be a leader and reference point for medical cannabis regulations across Latin America.
Alvaro Torres, Khiron CEO and Director, comments, "Colombia has been a regional leader in medical cannabis laws since 2015 and this new Decree strengthens the Government´s commitment to creating a robust and competitive industry. After naming the industry a National Strategic Priority and extending universal health coverage for THC and CBD medical cannabis products in late 2020, the new regulation expands the country's growth potential across various product categories in Colombia and through the export of dried flower."
Since April 2020, Khiron has been dispensing medical cannabis to patients through its Zerenia™ pharmacy in Bogota, to more than 350 cities and municipalities across the country. With Decree 811 of 2021, the Government has significantly expanded the number of pharmacies eligible to carry and dispense medical cannabis products, from only a handful today to a network of more than 14,000 pharmacies nationwide.
Alvaro Torres, Khiron CEO and Director, comments, "Distribution expansion in pharmacies across Colombia is a key part of our growth strategy. As the Company continues to close medical cannabis agreements with insurance companies across Colombia, expansion of point of sales through the national pharmacy network becomes increasingly important. With today's changes, we look forward to expanding our partnerships with insurance companies, third-party pharmacies, and logistics operators to increase product awareness and provide patients with greater access to medical cannabis products and increased choice in how they receive their medication."
Decree 811 of 2021 also creates a regulatory framework that gives Colombian producers the ability to export dried flower medical cannabis as a finished commercial product.
Franziska Katterbach, President of Khiron Europe, comments, "The Company began sales of Khiron-branded dried flower products in the UK in Q2 2020 and Germany in Q1 2021. To date, our asset-light approach has fueled sales growth, with Europe representing an increasing share of medical cannabis revenues and gross profits quarter over quarter. Colombia is well known for its medical cannabis cost advantages, and with positive market trends and our understanding of European regulations and robust control standards, we welcome the opportunity to improve the efficiency and profitability of our supply chain over the medium term."
Canopy Growth Corporation (TSX: WEED) (NASDAQ: CGC), a world-leading diversified cannabis, hemp, and cannabis device company, today announced two new offerings with the launch of Tweed Quickies and Ace Valley Pinners. These products showcase the continued evolution of Canopy Growth's pre-roll portfolio in line with consumer preference – providing Canadians with smaller joints in larger pack sizes of 8 or 10. In time for summer socializing, this is the perfect way to enjoy and share cannabis in a group setting, without having to pass a single joint around.
Canopy Growth recently commissioned a study by Dig Insights that found that traditional 0.5 gram joints are too big for many consumers to enjoy in one sitting and take too long to consume, in addition to concerns around sharing in current times. Canopy Growth leveraged this insight to develop its first two product lines – Tweed Quickies in 0.35 gram and Ace Valley Pinners in 0.3 gram offerings – with research indicating this was the optimal size for a quicker session that could be enjoyed on one's own or within a group setting without the need to share.
"Knowing that people may not want to 'puff, puff, pass' again, these smaller pre-rolls designed for individual consumption will allow consumers to enjoy a pre-roll on their own or in a group setting," said Kelly Olsen, Vice President of Global Flower Business at Canopy Growth. "We're evolving the meaning of what it means to share a joint – the perfect format for social occasions – and taking another step forward in our mission to deliver flower products rooted in consumer insights, purchases and behaviours."
The launch of Tweed Quickies marks the brand's first new pre-roll offering in 2021, coupled with Ace Valley's first product launch following its integration with Canopy Growth, with more ready-to-enjoy products expected to come to market over the coming months.
Tweed Quickies are evenly milled and machine rolled for a consistent burn, made with single-strain, whole flower, packed in a new, tapered cone shape that consumers prefer over cylinder shape joints (2). Containing ten 0.35 gram joints in two top-preforming varietals - Green Cush and Afghan Kush, Tweed Quickies are packaged in a reusable carrying case. In tandem, Ace Valley Pinners are also now available in a pack of eight 0.3 gram joints in Kosher Kush (Indica), OG Melon (Sativa) and Great White Shark – the #1 CBD-dominant pre-roll in the category (3), marking Canopy Growth's first premium large pack.
BC Craft Supply Co Ltd, (CSE: CRFT), a diversified wellness company advancing cannabinoid and psychedelic innovation and psychotherapy, is announcing their Alberta launch of Grizzlers™, a legacy brand of pre-rolled craft cannabis, in association with Think AHLOT Corporation (“AHLOT”) and their $1 “Buck a Joint” S^MPLE by AHLOT program.
The S^MPLE by AHLOT program brings traditional CPG sampling to the cannabis industry, in a compliant manner. The program drives trial, awareness and sales, through a limited-quantity, sample-sized offering at a sample-friendly price-point. Customers that experience samples, convert into loyalists of full-sized products from Licensed Producers and brands.
“Canada’s Cannabis retailers have endured reduced operations, strict marketing regulations and increased competition and we want to show our support by bringing new and existing customers back in-store, with compliant and captivating cannabis sampling,” explains AHLOT CEO, Greg Pantelic. “Sampling - a proven tactic in any other industry - is a great way to encourage customers to engage with their local shop, and Grizzlers - the #1 pre-roll brand, pre-legalization - is perfect to kick off the S^MPLE by AHLOT program, by helping customers cross-over from the legacy to the legal market.”
CRFT CEO, Matthew Watters, commented, “Programs like the S^MPLE by AHLOT program will continue to build momentum of the Grizzlers brand in Canada; a critical component of our overall North American distribution strategy. Our continued success in Canada will fuel our growth in the United States as we look to expand in both scale and scope.”
Grizzlers™ is a flagship legacy brand of pre-rolled craft cannabis; offering access to premium grown, hang dried, hand trimmed, and hand packed cannabis at accessible prices; the brand is currently available for sale in Alberta and Ontario.
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