Investor Ideas Potcasts #Cannabis News and Stocks on the Move: (CSE: $GGB.C) (TSXV: $ZENA) (CSE: $BGRD.C)
Delta, Kelowna, BC - January 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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Investor Ideas Potcasts #Cannabis News and Stocks on the Move: (CSE: $GGB.C) (TSXV: $ZENA) (CSE: $BGRD.C)
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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 thought leaders and experts.
Today we will be looking at announcements from Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF), Zenabis Global Inc. (TSXV:ZENA), Braingrid Limited (CSE:BGRD) and PharmaCielo Ltd.
But first, in the news today Cowen analyst Vivien Azer said "the U.S. market opportunity is valued at around $40 billion to $50 billion and expected to grow to $80 billion by 2030 assuming national availability,".
Wall Street's top cannabis analyst believes U.S. sales of marijuana will rise more than she previously projected to $80 billion by 2030 and told clients to expect major Canadian growers Canopy Growth and Tilray to outperform in 2019.
"We expect continued growth in newly established U.S. states, and more robust growth in Canada as more supply comes online and new form factors hit the market," Cowen analyst Vivien Azer wrote Tuesday. "Given our outlook for continued strong growth in North American cannabis in 2019, we remain constructive on all three of our publicly traded cannabis stocks," including Canopy (NYSE:CGC) , Tilray (NASDAQ:TLRY) and KushCo (OTC:KSHB) , an American company that sells packaging for the cannabis industry.
Green Growth Brands today announced an agreement with DSW Inc. (NYSE: DSW) to sell hemp-derived cannabidiol (CBD) personal care products under the Seventh Sense Botanical Therapy brand at select DSW stores throughout the U.S.
The Agreement was received by Green Growth Brands yesterday, January 9, for 54,960 units and covers sales in 96 U.S.-based DSW stores. Seventh Sense brand offers high-quality CBD-infused products and affordable prices, including muscle balms, body lotions, body washes and foot creams. The Agreement follows a successful test phase conducted last autumn in which Green Growth Brands sold select Seventh Sense products in 10 DSW stores. During the first 10 weeks of the test period, 74.4% of product presented on shelves was sold, significantly exceeding expectations.
"DSW is the number one full line adult footwear specialty retailer in North America1," said Peter Horvath, CEO of Green Growth Brands. "They have revolutionized shopping for shoes and accessories and we are thrilled they chose to partner with our company, allowing us to introduce a new product category to their customers."
Zenabis Global Inc. announced that the trading of its common shares commenced at market open today under exchange symbol "ZENA" on the TSX Venture Exchange ("TSXV").
This event follows the completion of the reverse takeover of Bevo Agro Inc. by Sun Pharm Investments Ltd. on January 8, 2019. As previously announced on October 4, 2018, Bevo and Sun Pharm entered into an arrangement agreement with respect to the spin-out of Bevo's interest in CubicFarm Systems Corp. and subsequent a reverse take-over of Bevo by Sun Pharm, with the resulting combined issuer being Zenabis.
Braingrid Limited, a global provider of affordable, scalable and easy-to-deploy sensor platforms for precision agriculture announced the first commercial deployment of its innovative, self-powered Sentroller S precision agriculture technology at Canadian licensed producer WeedMD Inc.'s modern greenhouse facility located in Strathroy, Ontario.
"As an innovative producer of medical-grade cannabis, we're a long-time partner of Braingrid starting with our best-in-class indoor cultivation facility in Aylmer, Ontario," said Keith Merker, CEO of WeedMD. "We are finalizing a production capacity expansion at our 610,000 square foot, state-of-the-art greenhouse in Strathroy, Ontario - incorporating the latest advancements for precision cultivation including Braingrid's innovative technologies. We're very pleased with the results so far with over 110,000 square feet of production space progressively online."
PharmaCielo Ltd., the Canadian parent of Colombia's premier cultivator and producer of medicinal-grade cannabis oil (PharmaCielo Colombia Holdings S.A.S.), today provided a corporate progress update in preparation for its public listing on the TSXV under the ticker PCLO (TSXV:PCLO), on or about January 18, 2019.
In preparation for PharmaCielo's transition to commercial-scale production and sale of cannabis oil extracts and concentrates in 2019, the Company has made some key appointments to its management team and board of directors:
- With scalable cultivation and processing infrastructure in place and the Company's public listing achieved, Anthony Wile has stepped down as interim chief executive officer and from the Board as a director, returning to his role as chief executive officer of Grupo Jaque Ltd., a private equity and investment company based in Medellín. Mr. Wile will continue to work with the Company, serving as a special consultant, with efforts focused on actively supporting the long-term global strategy and expanding international opportunities;
- David Attard has been appointed chief executive officer;
- Delon Human has been appointed global head, health and innovation; and
- Doug Bache has been appointed to the Board, and will serve as chair of the Audit Committee.
"When Federico Cock-Correa and I founded PharmaCielo several years ago, we envisioned an organization that could leverage Colombia's natural advantages to become a leading global supplier of cannabis products, driving long-term value for shareholders and equally benefitting end users as well as the people of Colombia as a whole," said Anthony Wile, outgoing CEO. "Earlier this year, I accepted the interim role of CEO to meet the needs of the business during the public listing process as well as to provide leadership in expanding international initiatives as the Company advanced its cultivation and processing capabilities. Over the next several years, PharmaCielo will become a value-added partner and supplier of cannabinoid inputs to global end-product companies. David Attard has a proven track record of scaling profitable operations across multiple markets and distribution channels. I am confident that David and the team are well-positioned to generate profitable growth for shareholders as I return to my role as CEO of Grupo Jaque Ltd. and continue my contribution to the development of PharmaCielo as advisor."
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