Investor Ideas #Potcasts: #Cannabis News and #Stocks on the Move (CSE: $TTT.C) (CSE: $CHOO.C) (TSX: $WEED.TO) (NYSE: $CGC) (OTC: $KALY) (TSXV: $LIFT.V)
Delta, Kelowna, BC –June 14, 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 episode of Investorideas.com “potcasts”, looking at cannabis news, stocks to watch as well as insights from thought leaders and experts.
Today we are looking at a few early announcements.
But first, Nevada Gov. Steve Sisolak signed Assembly Bill 132 making it illegal for employers to rebuff job applicants based on the results of a marijuana test. The law will go into effect on Jan. 1, 2020.
The law, however, will not apply to people up for jobs as firefighters and public safety positions, including emergency medical technicians, according to the legislation.
When the Nevada Trucking Association objected to the proposal, the legislation was rewritten to allow pre-hiring testing for operators of motor vehicles or other positions that “in the determination of the employer, could adversely affect the safety of others," according to the law.
"As our legal cannabis industry continues to flourish, it’s important to ensure that the door of economic opportunity remains open for all Nevadans. That’s why I was proud to sign AB 132 into law, which contains common-sense exceptions for public safety and transportation professionals," Sisolak, a Democrat elected governor in November 2018, said in a statement.
TruTrace Technologies Inc. (CSE: TTT) (OTC: BKKSF), creator of the first fully-integrated blockchain platform that registers and tracks intellectual property for the cannabis industry, announced that its shares will begin trading at market open on Friday, June 14th, 2019 on the Canadian Securities Exchange ("CSE") under the symbol "TTT." Effective at the close of business on Thursday, June 13, 2019, the common shares were delisted from TSX Venture Exchange at the request of the Company.
"This is the start of an exciting new chapter for TruTrace Technologies and one that enables us to pursue development opportunities outside of Canada, such as our intent to integrate our technology into the hemp based CBD industry, amongst other initiatives," said TruTrace CEO Robert Galarza. "With this move, we can officially open our Los Angeles office, expand operations and take advantage of the significant business opportunities south of the border. The CSE listing should provide TruTrace with increased visibility with prospective global investors, improved liquidity and a more diversified shareholder base."
TruTrace Technologies has developed the first integrated blockchain platform to register and track intellectual property in the cannabis industry. TruTrace's technology allows cannabis growers and breeders to identify and secure rights to their intellectual property. It also streamlines the administrative process and reduces the costs of genetic and mandatory quality-control testing for legal cannabis. TruTrace's technology is proprietary, immutable and cryptographically secure, thereby establishing a single-source, accurate, validated and permanent account for cannabis strains from ownership to market.
Choom™ (CSE: CHOO) (OTCQB: CHOOF) unveils its retail concept and experience tomorrow in Niagara Falls, Ontario. As one of 25 cannabis stores authorized to open in the province, Choom Niagara provides a curated selection of premium products in an immersive environment designed to elevate and empower consumers.
In addition to holding distinction as Niagara Falls' first cannabis store, Choom Niagara represents the brand's debut retail presence in Ontario. With a store firmly established in the key Ontario market, Choom will continue its nationwide rollout, supporting the company's overarching goal to secure one of the largest cannabis retail networks in North America.
Choom Niagara carries a diverse range of products, from dry flower and pre-rolls, to oils and capsules. All items are selected from a wide range of Canadian licensed producers, with the product portfolio strategically curated to ignite customer curiosity and encourage cannabis exploration.
Store associates have undergone stringent cannabis sommelier training, ensuring clients receive expert customer service customized to their specific needs. The store's intuitive aesthetic, designed by commercial architect and interior design firm Hodgson Design Associates, achieves a relaxed and inviting environment, seamlessly guiding visitors through displays of THC-dominant, CBD-dominant and balanced products. Toronto businesswoman, Lisa Bigioni, was selected from a lottery of qualified candidates to own and manage the store.
"I'm delighted to serve the Niagara community, and can't wait to hit the ground running," said Bigioni. "My goal is for the store to become an indispensable resource for cannabis education and support for the local community. Choom's extensive experience in regulated industries provides invaluable insight on store operations, and together we'll deliver a cannabis retail experience the city can be proud of."
Canopy Growth Corporation (TSX: WEED) (NYSE: CGC) and Acreage Holdings, Inc. (CSE: ACRG.U) (OTC: ACRGF) thanked shareholders for their overwhelming support to date and remind shareholders to vote on the applicable resolutions in connection with the proposed acquisition of Acreage by Canopy Growth, before the voting deadline of 10:00 am (EST) on Monday, June 17, 2019.
The boards of directors of both Canopy Growth and Acreage unanimously support the Transaction and believe that it will create significant value for both sets of shareholders and each recommend that their respective shareholders vote FOR the various resolutions at the respective special meetings of shareholders of Canopy Growth and Acreage.
Acreage shareholders will receive a significant upfront cash payment of approximately US$2.51 - US$2.63 per Subordinate Voting Share (with holders of other classes of Acreage Shares being entitled to an amount determined on an as-converted to Subordinate Voting Share basis) and are expected to benefit from accelerated expansion, improved scale, and a stronger market position in the U.S., powered by the IP and brand rights of the world's leading cannabis company. For Canopy Growth shareholders, the Transaction represents a clear path for Canopy Growth to enter the U.S. cannabis market, when federally-permissible, and will introduce its brands and consumer products in the United States.
Kali-Extracts, Inc. (OTC: KALY) and Nouveau (OTC: NOUV) today announced moving forward with a CBD extraction lab the two companies have had in the works now that Texas Governor Greg Abbott signed a new law Monday this week legalizing hemp and hemp-derived products. NOUV has 100 acer’s set aside for hemp cultivation. NOUV currently operates a 25-greenhouse growing operation and in partnership with KALY plans to build an additional state-of-the-art greenhouse for the purpose of developing a proprietary cannabis cultivar. KALY has a U.S. Patented Cannabis Extraction Process. Together NOUV and KALY plan to develop proprietary extractions from proprietary cultivars.
KALY Targets $20 Million In 2019 Sales
Earlier this week, the company published a management overview on the company’s mobile cannabis extraction capacity. KALY recently announced a contract with a New York State Licensed Hemp Cultivation Operation anticipated to generate an estimated $5 million in revenue for KALY. The extraction for the New York State Licensed Hemp Cultivation Operator will be conducted via a proprietary mobile extraction unit. With the extraction capacity being mobile, KALY management believes the company could contract potentially more than $20 million in similar contracts.
Finally, this weekend marks the first Father’s Day since the federal legalization of cannabis in Canada. Lift & Co. Corp. (TSXV: LIFT) (OTCQB: LFCOF) today released the results of a targeted poll of dads who are also cannabis consumers and found that the majority of respondents would welcome a cannabis gift this year, and the majority consider responsible cannabis consumption the same as responsible alcohol consumption.
● The majority of respondents (88%) said they agree that responsible cannabis consumption is the same as responsible alcohol consumption
● Overall, 83% of respondents said they would like to receive a cannabis-related gift for Father’s Day
○ Dads aged 25-54 are more open to receive a cannabis-related gift (90%) than dads aged 55+ (66%)
○ 45% of dads said they would like to receive a cannabis-related gift from their spouse
This targeted poll follows a recent presentation at the Lift & Co. Cannabis Business Conference on June 6 in Toronto where Lift & Co. and Headset co-presented a talk titled Forecasting Canada: An Early Look into Consumer Profiles, finding early indications of consumer archetypes in Canadian cannabis. Overall, men are more likely to self-identify as connoisseurs (62% of men vs. 46% of women). They are more likely to prefer high THC products and tend to purchase dried flower products over oil. Men were also most likely to consume cannabis for relaxation and socialization.
Lift & Co. polled cannabis-consuming dads and cannabis consumers from the Company’s proprietary cannabis consumer review panels.
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