Investor Ideas #Potcasts #Cannabis News and Stocks on the Move: (TSX: $WEED.TO) (NYSE: $CGC), (TSXV: $LIFT.V), (CSE: $HUGE.C) (OTCQB: $FSDDF) (CSE: $TGIF.C) (OTCQX: $TGIFF)
Delta, Kelowna, BC –February 28, 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 Investorideas.com “potcast”, looking at cannabis news, stocks to watch as well as insights from thought leaders and experts.
Today we are looking at announcements from Canopy Growth Corporation (TSX: WEED) (NYSE: CGC), Lift & Co. Corp. (TSXV:LIFT), FSD Pharma Inc. (CSE: HUGE) (OTCQB: FSDDF) and 1933 Industries Inc. (CSE: TGIF) (OTCQX: TGIFF).
Canopy Growth Corporation and Sequential Brands Group, Inc. (NASDAQ: SQBG) announced today that Martha Stewart has joined the Company in an advisory role to assist with developing and positioning a broad new line of product offerings across multiple categories.
With decades of success in publishing, broadcasting, online and merchandising, Martha Stewart has firmly cemented herself as one of the most well-respected businesswomen in the United States. Along with a deep understanding of what consumers in the United States and around the world want, Martha has been one of the most vocal advocates for animals, championing the health and wellness of pets and farm animals alike. With several clinical trials underway, Canopy Growth will be leaning on Martha's vast knowledge of consumer products while exploring the effectiveness of CBD and other cannabinoids as they relate to improving the lives of both humans and animals.
"I am delighted to establish this partnership with Canopy Growth and share with them the knowledge I have gained after years of experience in the subject of living," said Martha Stewart. "I'm especially looking forward to our first collaboration together, which will offer sensible products for people's beloved pets."
Lift & Co. Corp. reported its results of operations for the third fiscal quarter ended December 31, 2018 ("Q3").
The Company reported its sixth consecutive quarter of triple-digit revenue growth against prior year, posting revenues for the quarter ended December 31, 2018 of $835,050, up 292% from $212,581 during the same period last year. This revenue increase is driven from growth across the Company's platform business of four consumer packaged goods ("CPG")-modelled marketing products.
The third quarter is the Company's first reported quarter following the legalization of recreational cannabis in Canada on October 17, 2018. This is a favourable change in regulation for the Company, which shifted the cannabis industry dynamic to one resembling a new multi-billion-dollar CPG industry. However, unlike mature CPG industries, the cannabis-CPG industry has what management calls a "billion-dollar marketing problem": the inability to market effectively due to restrictive regulations and a lack of marketing-relevant consumer data.
"During the third quarter, Lift & Co. executed on significant steps to expand its platform business model across legalization-ready licensed producers, retailers and consumers," said Matei Olaru, CEO, Lift & Co. "Looking forward we expect continued growth as the addressable market of brands, retailers and consumers continue to scale post-legalization. Our subsequent CannSell Ontario announcement is a monumental win which establishes Lift & Co. as the leader in digital trade marketing. We believe this will provide shareholders with visibility to materially increasing value for many quarters to come."
FSD Pharma Inc., a licensed producer under the Cannabis Act, announced today that it has entered into a supply and loan agreement with Canntab Therapeutics Ltd. and World Class Extractions Inc. to purchase hemp flower from Thomas Elcome. Pursuant to the Agreement, the Supplier grants the Purchasers the right and option to purchase up to CAD$ 5.0 million of the Supplier's hemp crop for a period of 5 years commencing in 2019 at a purchase price of CAD$ 100.0 per kg per 1% of CBD extracted from the flower.
"We intend to take full advantage of the option to purchase up to the maximum total value of organic hemp from Mr. Elcome over the next 5 years beginning with the purchase of CAD $1.0 million of organic hemp in 2019. The hemp industry is expanding at an incredible rate and is expected to grow into a multi-billion dollar industry in North America," said Dr. Raza Bokhari, Executive Co-chairman & Interim CEO. "Our processing license, received last week, allows FSD to work with Canntab and World Class to process the hemp product into CBD oil, a significant saleable product that can be converted into gel capsules and tablets. Once the edibles legislation is in place later this year in Canada, as we anticipate, FSD will be ready to process and supply the market."
1933 Industries Inc., a licensed cultivator and producer of cannabis flower and concentrates and manufacturer of hemp-derived CBD wellness products, is pleased to announce that its Canna HempX™ products have been introduced at Xtreme Couture MMA, a world class mixed martial arts ("MMA") gym and pro shop in Las Vegas, the biggest MMA city in the world.
Infused MFG., a subsidiary of the Company and manufacturer of Canna HempX™ branded products, announced earlier this week the launch of a new Action Sports Division, specifically established in partnership with professional athletes to market its cannabinoid ("CBD") sports recovery cream.
Xtreme Couture MMA is known for its stable of Pro and Amateur MMA Fighters and represents an ideal venue to feature the Company's Canna HempX™ sports recovery cream. "Xtreme Couture MMA was the obvious outlet for Canna HempX as it has become a favorite destination for people from all over the world who strive to achieve their fitness and sports goals", said Ms. Sarah Moras, MMA Fighter and Canna Hemp™ sponsored athlete. She added, "Xtreme Couture MMA is one of the biggest MMA gyms attracting athletes from all levels under one roof in one of the biggest fight meccas in the world. I am pleased to promote Canna Hemp™ and I hope that other fighters try the product and see their own recovery results".
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