Wednesday, July 10, 2019

Investor Ideas #Potcasts; #Cannabis News and #Stocks on the Move (CSE: $CNNA.C) (CSE: $MTEC.C) (TSX: $WEED.TO) (NYSE: $CGC) (TSXV: $FAF.V) (TSXV: $RIV.V)

Investor Ideas #Potcasts; #Cannabis News and #Stocks on the Move (CSE: $CNNA.C) (CSE: $MTEC.C) (TSX: $WEED.TO) (NYSE: $CGC) (TSXV: $FAF.V) (TSXV: $RIV.V)



Delta, Kelowna, BC –July 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.

Listen to the podcast:



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.

In today’s podcast we look at a few early announcements.

But first, GrowerIQ, a seed-to-sale technology and cannabis cultivation platform provider, and Dr. Tina Kasal-Slavik, a chemical ecologist at the Free University of Berlinannounced an agreement to commercialize the world's first sensor based on cannabis plant chemicalsThe sensor decodes plant messages about afflictions before obvious visual symptoms, allowing growers enough warning to prevent widespread crop loss.

This represents the world's first cannabis organic compound sensor, creating an early warning system to prevent crop loss.
  
GrowerIQ COO Andrew Wilson stated, "The commercial impact of this early warning system cannot be overstated. Pest and mould or mildew infestations regularly impact crops. Waiting until the infestation is large enough to notice is too late. These crop loss events are very expensive."

According to Master Grower Shlomo Booklin, "Due to the crop's medicinal nature, we are restricted in chemical use. Early detection is critical, since this cuts pesticide use dramatically. We want to address issues before uncontrolled infestations! That's why Dr. Tina's technology is a game-changer."

For Dr. Kasal-Slavik, possible applications are endless, "This method can be applied to different plant species in very early stages of stress. It has the potential to lead to pesticide-free greenhouse plant production."

Plants under duress communicate by sending/receiving specific chemicals. These messages contain clues about both attackers and severity. Minutes after an aphid attack, a host-plant releases a multipurpose chemical message alerting other organisms that it's being fed upon. If picked up by neighbouring plants, this message is interpreted as a warning to prepare. If received by a predatory ladybug, it's interpreted as a ringing dinner bell to a nearby aphid feast.

Dr. Kasal-Slavik discovered we can decode these messages to gain insight. It's possible to evaluate plant health before any obvious visual symptoms of attack. This can be used to build an early warning system, alerting growers to infected plants.



CannaOne Technologies (CSE: CNNAannounced the launch of BWell CBD online marketplace on June 24th, 2019. This exhibits the company's launch of its first revenue model, as well as, establishing CannaOne as one of the first CBD focused online marketplaces in an industry that is estimated to be valued at over US$16 Billion by 2025 in the US alone, according to analysis Cowen & Co.

In addition to the successful launch of its online platform ahead of schedule, the company has already received over 11,000 customer sign-ups seeking access to purchase almost 100 individual CBD products. Reward programs were also implemented throughout the pre-launch campaign to encourage loyalty, customer retention and community building. CannaOne aims to maintain the momentum by continually running sign-up and awareness campaigns to increase and expand its customer base as the marketplace grows exponentially.

CannaOne's CEO, Mr. Riby-Williams stated, "our teamwork has been validated by reaching this significant milestone and we have proven our strengths in platform development and marketing. The Company's BWell Online Marketplace (thebwellmarket.comwas launched just months after the Farm Bill was passed in the US, which has opened up a plethora of opportunities to sell and market CBD products.  We are truly in on the ground floor level of this rapidly growing CBD revolution in America and we're now ready to compete as a dominant player in this online space."

"The realization of the BWell Market portal has proved the Company's competence  as a premium developer of enterprise online marketplace solutions including, site engineering, inbound marketing, running a successful pre-launch campaign, stocking the shelves with leading global CBD brands and the successful marketing campaigns all in just a few months. The BWell Marketplace encapsulates all of these key components.  The Company is now well positioned to provide third party providers, a premium turnkey technology solution for their CBD products that not only supplies them with products, but educates and engages their community from the ground up. Our immediate goal is to "cookie cutter" this process and launch more marketplaces in other countries around the world.”

Cannvas MedTech Inc. (CSE: MTEC) (OTC: CANVF), a leading digital cannabis education and analytics company, announced its planned expansion into Europe is on track with a renewed focus on providing consumer-facing intelligent cannabis education to potential and active medical and adult-use cannabis consumers through its international cannabis education platform Cannvas.Me. With its expansion into Germany underway, Cannvas is turning their attention to the United Kingdom as well as other emerging cannabis markets across the EU.

"Over the past few months many progressive European countries began or continued the legalization of cannabis in some form, and there is a responsibility from the government and health care agencies to educate the public about all aspects and applications of this substance," said Shawn Moniz, Chief Executive Officer, Cannvas MedTech. "While we focus on growing Cannvas in such countries as the United Kingdom, Germany and others, we are refining our Cannvas.Me cannabis education platform to intelligently meet the needs of European consumers looking to learn more about cannabis in all its forms."

Global spending on legal cannabis is forecast to be $40.8 billion U.S. in 2024, nearly triple the $14.9 billion U.S. estimated to be spent this year, according to Arcview Market Research and cannabis industry analysis firm BDS Analytics in its annual "State of the Legal Cannabis Markets" report. With European markets expected to end cannabis prohibition and focused on liberalizing medical cannabis markets, Cannvas expects to leverage its Cannvas.Me educational platform and collaborate with local agencies to implement education and awareness campaigns around the potential benefits of cannabis as well as its safe and responsible usage and storage.

With over 350 original and evidence-based educational articles encompassing all aspects of cannabis, Cannvas is refining the machine-learning and AI technologies driving its learning platform to better serve European audiences content addressing their needs. Through the use of intelligent education on its learning platform Cannvas.Me, Cannvas plans on contributing to the cannabis knowledge landscape across Europe by delivering unbiased and evidence-based information relevant to specific concerns of individual users and/or groups of users from the same geographical area.

With recent announcements from governments in Belgium, France, Germany, Luxembourg, Portugal and the United Kingdom expanding their allowance for cannabis, coupled with European expansion plans from leading Canadian cannabis brands such as Tilray and TerrAscend, Cannvas also continues to explore opportunities in central European locations, pending the outcome of ongoing high-level conversations with potential EU partner organizations, for its network of learning kiosks. It's Cannvas Kiosk concept is a cost-efficient and data-driven avenue of cannabis education delivery ready for implementation across health clinics, pharmacies and hospitals, retailers, entertainment facilities, educational institutions and government agencies.

Canopy Growth Corporation (TSX: WEED) (NYSE: CGCannounced a partnership with the Canadian Mental Health Association ("CMHA"). The initiative, a first of its kind for a leading cannabis company and a national mental health organization, will see the CMHA in collaboration with Spectrum Therapeutics develop an educational content module related to cannabis in the workplace as part of CMHA's Not Myself Today workplace mental health program. The module, slated to launch early next year, will feature a host of physical and digital engagement tools aimed to reduce stigma in the workplace on the use of cannabinoid based medicines. In addition, it will encourage greater healthcare practitioner oversight when patients use cannabis to treat a medical condition. The content will also include video resources featuring medical cannabis subject matter experts and fact sheets that provide detailed information and direct readers to further resources.

"The stigma surrounding medical cannabis and mental illness prevents meaningful action and dialogue among those affected. One of the goals of this partnership is to break that stigma by empowering conversations about mental health informed by evidence-based educational resources," said Dr. Mark Ware, Chief Medical Officer, Canopy Growth. "For Spectrum Therapeutics, this partnership presents a powerful opportunity to improve lives by enhancing physical and mental health through access to education that sparks learning along with conversations about medical cannabis in the workplace."
Estimates suggest one in two Canadians have or will have a mental illness by age 40.[1] Fifty-three percent of Canadians consider anxiety and depression to be epidemic in the country[2] and mental illness is a leading cause of disability claims in the workplace in Canada.
         
Not Myself Today is an evidence-based initiative designed to help employers and employees transform mental health at work. The program is embraced by more than 500 organizations across Canada and the U.S., reaching more than 350,000 employees. By breaking down barriers and making the topic of mental health engaging and accessible to all employees, Not Myself Today improves mental health literacy, reduces stigma, and shifts workplace culture to be more supportive of every employee's mental health and well-being. For the past six years, the initiative has evolved into a highly-regarded program and counts many of Canada's largest and most respected employers across corporate, government and social sectors as its champions.
"The mental health-care system of the future is not just in clinics or hospitals—it's in settings like the workplace, where we can promote the skills, knowledge and practices that can improve mental health for the broad population instead of limiting our focus to individual patients," said Fardous Hosseiny, interim National CEO, CMHA. "With the support of partners like Spectrum Therapeutics, our Not Myself Today program will educate, reduce stigma, and foster safe and supportive cultures for the one in five Canadians who experience mental illness in a given year—and for the five in five Canadians who have mental health."
Fire & Flower Holdings Corp. and its wholly-owned subsidiary Fire & Flower Inc.  (TSXV: FAF), announced that it has received an additional licence to operate a cannabis retail store in Westlock, Alberta from the Alberta Gaming, Liquor and Cannabis Comission (the "AGLC").

Once opened, this store will be the 23rd Fire & Flower branded, licensed cannabis store and will be located at 10111 – 104 Avenue, Westlock, Alberta.

Fire & Flower recently announced its near-term rollout schedule. The receipt of the 23rd licence for a cannabis retail store demonstrates Fire & Flower's commitment to its continued path to rapidly opening cannabis retail stores across Canada.

"The Westlock Fire & Flower location was built out, in advance, in anticipation of the issuance of additional licences by the AGLC. We are seeing cannabis retail store licences being issued at an even more rapid rate than we had initially anticipated once the moratorium on licences had been lifted earlier this year," shared Trevor Fencott, Fire & Flower's Chief Executive Officer. "The recent completion of our $27,000,000 financing positions Fire & Flower to be able to respond to continued growth opportunities in cannabis retail."

Canopy Rivers Inc. (TSXV: RIV) (OTC: CNPOFannounced that its portfolio company, YSS Corp. (TSXV: YSS) has received five cannabis retail licences from the Alberta Gaming, Liquor and Cannabis Commission. The five new licences are located throughout Alberta and will operate under the YSS™ brand name. 

"YSS has made tremendous progress building up their retail presence in Alberta – doubling their current AGLC licensed stores to ten," said Narbe Alexandrian, President and CEO of Canopy Rivers.  "With plans to have all ten stores open by the end of August, this announcement represents positive momentum for YSS in the second half of 2019."    

Canopy Rivers currently holds approximately 8% of the issued and outstanding common shares in the capital of YSS on a fully-diluted basis.

Investor ideas reminds all listeners to read our disclaimers and disclosures on the
Investorideas.com  website and 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   


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About Investorideas.com - News that Inspires Big Investing Ideas
Investorideas.com is a recognized news source publishing third party news and press releases plus we create original financial content. Learn about investing in stocks and  sector trends  from Investorideas.com with our news alerts , articles , podcasts and videos  talking about cannabis,  crypto,  technology including  AI and IoT , mining ,sports biotech, water, renewable energy and more . Investorideas.com original branded content includes the daily Crypto Corner and Podcast, Play by Play sports and stock news column, Investor Ideas #Potcasts #Cannabis News and Stocks on the Move podcast and column,  Cleantech and Climate Change Podcast and  the AI Eye Podcast and column covering developments in AI. 

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.
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The #AIEye: Avnet (Nasdaq: $AVT) Names New President of Business Transformation, Nuance (Nasdaq: $NUAN) Introduces Lightning Engine #AI Tool


The #AIEye: Avnet (Nasdaq: $AVT) Names New President of Business Transformation, Nuance (Nasdaq: $NUAN) Introduces Lightning Engine #AI Tool

Global AI in Edge Devices Market to Hit $4.849 Billion by 2024



Point Roberts WA , Vancouver BC – July 10, 2019  – Investorideas.com (www.investorideas.com), a global investor news source covering Artificial Intelligence (AI) brings you today’s edition of  The AI Eye-  watching stock news, deal tracker and advancements in artificial intelligence.

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Today’s Column- The AI Eye- Watching stock news, deal tracker and advancements in artificial intelligence

Stocks discussed: (NasdaqGS:AVT) (NasdaqGS:NUAN) (NasdaqCM:VERI)

Avnet, Inc. (NasdaqGS:AVT) has named Pete Bartolotta as its new President of Business Transformation. Bartolotta was previously the company’s Chief Transformation Officer since 2016. According to the press release, Bartolotta’s new role will see him “responsible for scaling Avnet’s high-growth solutions, including Internet of Things (IoT), Artificial Intelligence (AI), global design services and Avnet Integrated, to expand opportunities with existing and new types of customers around the world”. Bill Amelio, CEO, Avnet, commented:

“IoT is at the heart of Avnet’s transformation, and Pete’s leadership in this area has helped us dramatically reshape our business into a comprehensive ecosystem that provides more value to our customers. As IoT and AI continue to reshape the world around us, Pete will build upon the great progress he’s made and use his extensive leadership experience and technology expertise to continue to drive successful transformative change.”

Nuance Communications, Inc. (NasdaqGS:NUAN) has unveiled the Nuance Lightning Engine – an “AI tool that uses 4th generation deep neural nets (DNNs) and combines voice biometrics and natural language understanding (NLU) to deliver more personalized and human-like experiences across voice channels”. Brett Beranek, General Manager, Security Business, Nuance Enterprise Division, explained:

“Voice biometrics not only secures the voice channel, but when combined with NLU, is the foundation to frictionless experiences for consumers. With the engine, organizations don’t have to spend time checking to see if a customer is who they say they are when they engage on voice channels. Instead, they can immediately start personalizing the interaction as soon as that person speaks, making it an effective, enjoyable and natural engagement.”

Veritone, Inc. (NasdaqCM:VERI) has announced that its aiWARE-powered Veritone Essentials suite of applications has been selected by Cox Media Group (CMG) to use across the latter’s more than 60 radio stations in 11 markets. Tim Clarke, vice president of audience and content, CMG Radio, commented:

“Veritone’s industry-leading AI platform will help CMG offer better, more effective marketing solutions to our customers by providing data and insight that has previously not existed in the broadcast space. Furthermore, our content teams are excited to leverage the tool to automate tedious processes and assist with content tracking, discovery, and archiving.”


Global AI in Edge Devices Market to Hit $4.849 Billion by 2024

Research from Report Ocean finds that the global market for AI for edge devices will grow from $1.417 billion in 2019 to $4.849 billion by 2024 with a compound annual growth rate (CAGR) of 27.9 percent in the forecast period. An excerpt from the report description reads:

Artificial intelligence (AI) processing today is mostly done in a cloud-based data center. The majority of AI processing is dominated by training of deep learning models, which requires heavy compute capacity. Artificial intelligence for edge devices means that AI software algorithms are processed locally on a hardware device. The algorithms are using data (sensor data or signals) that are created on the device. A device using Edge AI software does not need to be connected in order to work properly, it can process data and take decisions independently without a connection.

Sam Mowers, Investorideas.com

For a list of artificial intelligence stocks on Investorideas.com visit here or become an Investor Ideas member

About Investorideas.com - News that Inspires Big Investing Ideas Investorideas.com is a recognized news source publishing third party news and press releases plus we create original financial content. Learn about investing in stocks and  sector trends  from Investorideas.com with our news alerts , articles , podcasts and videos  talking about cannabis,  crypto,  technology including  AI and IoT , mining ,sports biotech, water, renewable energy and more . Investorideas.com original branded content includes the daily Crypto Corner and Podcast, Play by Play sports and stock news column, Investor Ideas #Potcasts #Cannabis News and Stocks on the Move podcast and column,  Cleantech and Climate Change Podcast and  the AI Eye Podcast and column covering developments in AI. 
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#CryptoCorner: BTC Breaks $13K Again, Facebook ( $FB) Has No Plans to Launch Libra in India, Binance Launches Fiat-Enabled Singapore Branch and Visa ( $V) Invests Millions in #Crypto Startup Anchorage

#CryptoCorner: BTC Breaks $13K Again, Facebook ( $FB) Has No Plans to Launch Libra in India, Binance Launches Fiat-Enabled Singapore Branch and Visa ( $V) Invests Millions in #Crypto Startup Anchorage



Point Roberts, WA, Delta BC July 10, 2019 -  Investorideas.com, a leader in crypto and blockchain investing news, in partnership with Fit Pay, Inc.’s  (subsidiary of NXT-ID (NASDAQ: NXTD) crypto payment tech, Flip and  the Genesis Exchange and Wallet  App bring you today’s edition of the Crypto Corner podcast and commentary on what’s driving the cryptocurrency market .

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July 10 Crypto Corner

Stocks discussed: (NasdaqGS:FB) (NYSE:V)

This morning we find most of the top 100 coins listed by market cap in the red, but Bitcoin (BTC) has defiantly posted 24-hour growth of nearly six percent, according to data from CoinMarketCap. Consequently the flagship cryptocurrency, which currently accounts for over 65 percent of the total market value, is trading for about $13,100. This brings Bitcoin close to the recent peak it reached on June 26, when it briefly traded for as high as about $13,770. A report from CCN by crypto analyst Joseph Young outlines the role of the increased hash rate on the BTC blockchain as contributing to the recent gains:

Along with the consistent inflow of institutional capital through custodian solutions, investment vehicles, and futures markets, the hash rate of the Bitcoin blockchain network has recorded its fastest rate of growth in history.

An increase in the hash rate of the Bitcoin blockchain suggests growth in the amount of computing power securing the network, which historically has indicated an overall increase in confidence from the mining ecosystem.

Facebook (NasdaqGS:FB) has no plans to launch its Libra cryptocurrency or Calibra digital wallet platform in India due to that country’s government’s unfavourable stance on crypto. Facebook representative Alexandra Voica told Indian publication the Economic Times via telephone:

“There are no plans to offer Calibra in India. As you may know, there are local restrictions within India that made a launch of Calibra not possible at this time.”

CoinDesk reports that crypto exchange giant Binance has launched a fiat-enabled trading branch in Singapore, following a soft launch in the country back in April. This branch, which saw 20 percent average user growth per week since debuting in April, will now offer trading in local currency Singapore Dollars. New deposits and withdrawals will be implemented through the transfer system Singapore FAST (Fast and Secure Transfers).

Fortune reports that Visa (NYSE:V) has invested millions of dollars in crypto startup Anchorage by co-leading the latter’s $40 million funding round. Both companies are founding members of Facebook’s Libra. Anchorage offers “biometric-based software alongside a system of multiple approvals and human reviews” as an alternative to the more common cold storage solution to secure investors' cryptocurrency.


Sam Mowers, Investorideas

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Flip™ is the creation of Fit Pay, Inc., a leading provider of cutting edge payment technology and a subsidiary of NXT-ID (NASDAQ: NXTD). By leveraging the FitPay Payment Platform™, Flip enables cryptocurrency holders to seamlessly exchange their cryptocurrency for US dollars and store that value on a contactless payment device that can be used to make purchases at millions of retail locations.  https://www.fliptopay.com/






Genesis Exchange and Wallet App by Genesis Blockchain Technologies ( GBT)
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GBT is a powerful cryptocurrency centralized / decentralized exchange which will include a broad range of services and benefits from cryptocurrency and blockchain markets development, while avoiding complications and risks arising from crytocurrency ownership, transfer, and exchange.You can Download the Genesis Exchange and Wallet App at Google Play and on the Apple App Store. Learn more at  http://www.mygenesis.io

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About Investorideas.com - News that Inspires Big Investing Ideas Investorideas.com is a recognized news source publishing third party news and press releases plus we create original financial content. Learn about investing in stocks and  sector trends  from Investorideas.com with our news alerts , articles , podcasts and videos  talking about cannabis,  crypto,  technology including  AI and IoT , mining ,sports biotech, water, renewable energy and more . Investorideas.com original branded content includes the daily Crypto Corner and Podcast, Play by Play sports and stock news column, Investor Ideas #Potcasts #Cannabis News and Stocks on the Move podcast and column,  Cleantech and Climate Change Podcast and  the AI Eye Podcast and column covering developments in AI. 

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Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Disclosure: this newsletter and podcast is sponsored content by featured companies NXt-ID (NASDAQ: NXTD) on behalf of Flip and GBT Technologies . More info: http://www.investorideas.com/About/News/Clientspecifics.asp
Contact management and IR of each company directly regarding specific questions.
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Cryptocurrency Disclaimer
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#CBD Frenzy Continues: Acquisitions Leading the way for Sector; ( $SIML) ( $POTN) ( $SING) ( $EDXC)


#CBD Frenzy Continues: Acquisitions Leading the way for Sector; ( $SIML) ( $POTN) ( $SING) ( $EDXC)

Point Roberts WA and Delta BC - July 10,  2019 (Investorideas.com Newswire) Investorideas.com, a leading investor news resource covering hemp and cannabis stocks releases a snapshot reporting on the continued movement surrounding CBD/hemp business acquisitions based on continued growth in consumer and industrial demand in both the US and internationally.

Fior Markets said in its recent report, ‘the global industrial hemp market is expected to grow from USD 4.41 Billion in 2018 to USD 14.67 Billion by 2026’.

Strategically positioning for this sector, Simlatus Corporation (OTC: SIML), a holding company focused on opportunities in the cannabis space, with Proscere Bioscience as the company’s division focused on the CBD industry just commented on the cannabis industry and their acquisitions. 


Richard Hylen, Chairman and CEO stated “Our shareholders and management team have been on an impressive run ever since the company expanded its footprint into the cannabis sector with our most recent acquisition of Proscere Bioscience. With this acquisition, the company gained access to a cold-water CBD extraction technology that presents an exciting opportunity in revenue generation. With the acquisition, the company has gained access to a valuable asset capable of strengthening its revenue base, with a current $2.8M in its first purchase order and commitments of $275M over the next 5 years. The company has already set sights on Canada, USA, and Europe as it embarks on an aggressive commercialization drive for the cold-water CBD extraction systems.”

He went on to say, “Legal marijuana is worth an estimated $50 billion for the U.S. today, and experts have projected the U.S. industry to skyrocket to $80 billion by 2030. Simlatus has a firm standing in this industry with the manufacturing of its Cold-Water Extraction Systems required to fulfill the industry needs for THC, CBD and Hemp extraction. Cannabis legalization has swept across North America with 10 states plus Washington, D.C. that provide legalized recreational marijuana; and full legalization having arrived in Canada in October 2018. Our subsidiary, Proscere Bioscience, is fulfilling its first order of $2.8M and 5 year commitments from its global distribution of $275M. This is definitely a game changer for our company and our shareholders.”

The company continues to be technology and service driven in the growing industries of cannabis, audio/video and high-speed internet products; while its new management team uses its own cash reserves to drive down debt and dilution and focus on moving the company to NASDAQ.

SinglePoint Inc. (OTC: SING), another company who has made acquisitions in the cannabis/hemp industry recently announced that it has signed a $109,465,000 contract with Elite Foundation LLC of North Carolina to supply more than 275,000 pounds of premium hemp flower over a period of 15 months. The client has approved and taken receipt of the second batch of product and Elite has approved approximately 5000 pounds of varietal strain hemp flower which has been reserved for their next 4 to 6 shipments, expected every other week.

“We are grateful for the opportunity to work with SinglePoint in continuing to establish ourselves as the Southeast’s preferred hemp provider, trusted to satisfy our clientele’s growing demands by ensuring quality, consistency and variety for the downline. This alliance potentiates a cascade of mutual benefits across many sectors within the burgeoning hemp industry, and we look very much forward to generating these positive energies together!” states Max Alexander, Chairman and CFO of Elite Foundation.

According to SinglePoint President, Wil Ralston, “There is very little high-quality hemp flower in the United states so we’re pleased that our client can take advantage of our supply before it’s available to other supermarket clients. After visiting with our suppliers yesterday it is clear that the market is drying up quickly and we have access to supply the best flower available to the market with additional greenhouse quality flower coming to market as well. This has been a great development for SinglePoint and our VP of Sales, Don Smith, has done a wonderful job of closing this contract. He is currently working with additional clients in need of hemp flower as well as many other raw materials such as biomass. We look forward to the closure of these deals among others in our pipeline including private labeled finished goods for retail distribution. We see a large opportunity to put end user product throughout retail distribution in the coming months. Industrial derived hemp has created a wave of new products and opportunities in which SinglePoint has been able to drive additional revenue and profit.”

BDS Analytics and Arcview Market Research project that the collective market for CBD sales in the US will surpass $20 billion by 2024 while New York-based investment bank Cowen & Co, estimates that the market could pull in $15 billion by 2025. The smokable hemp market currently represents approximately 2% of the overall CBD market, but with a 250% growth from 2017 to 2018, Brightfield Group, a Chicago-based cannabis market research firm, identifies dried and smokable hemp flowers as one of the fastest-growing segments of the CBD market. SinglePoint’s bold entry into the hemp flower market positions the company as one of the leading hemp flower wholesalers in the country.

CBD Unlimited, Inc. (OTC: EDXC), formerly known as Endexx Corporation, a provider of innovative phytonutrient-based nutritional and wellness products recently commented on the CBD/hemp industry and their role within it in several interviews with Proactive Investors.

Mr. Dustin Sullivan, COO of CBD Unlimited, commented on the recent spike in demand for CBD in retail stores as more CBD moves into brick-and-mortar retail across America. Because of this, CBD Unlimited is expecting CBD to eventually become the new mainstream.

Months prior, Mr. Todd Davis, CEO & Chairman of CBD Unlimited, spoke with Proactive Investors commenting on the Company’s plan to scale the Company significantly. Since then, the Company broke sales and store count records and looks to update the public on these numbers after the quarter ends.

CBD Unlimited, Inc. develops and distributes all-natural Hemp-Derived CBD, containing less than 0.3% THC in compliance with USDA regulations. The company’s products are built upon three key fundamentals: targeted-delivery, controlled-dosing and dual-therapy applications. Its products range from oils, capsules and topicals, to proprietary pet products, all with the shared purpose of supporting the therapeutic relief of pain and inflammation for humans and pets. Phyto-Bites are CBD soft chews for animal use that are formulated to promote health and support the reduction of separation anxiety, pain and inflammation.

PotNetwork Holding, Inc. (OTC: POTN), through its wholly-owned subsidiary Diamond CBD, has also successfully launched several new lines of CBD oil products for the consumer and wholesale markets, including Full Spectrum CBD MCT Oils, CBD Oil with Hemp Seed Oil, CBD Oil Honey Tinctures, and CBD Oil with Olive Oil. The new products are being launched at a time when consumer interest and preference for CBD products continues to peak.

Diamond CBD’s new CBD oil products have been a hit with consumers as well as in the wholesale market, helping merchants and retailers to boost sales and bring larger numbers of customers through their doors. Available in several of the Company’s more popular brands, including Relax, Meds Biotech, and its own consumer-favorite eponymous brand, these new CBD oil products brought in over $1.1 million in sales in May alone.

According to a new Gallup poll, most Americans are aware of CBD oil and many feel it is beneficial in some way. As the market for products continues to grow, Diamond CBD continues to introduce new and exciting products to meet the wants and needs of consumers.

“Our new lineup of CBD oil products gives consumers and those in the wholesale marketplace an expanded choice,” said Kevin Hagen, CEO of Diamond CBD parent company, PotNetwork Holdings, Inc. “What this new poll from Gallup tells us is that not only do more consumers want easy access to CBD oil, but that the market continues to expand and that consumers want that expansion. We at Diamond CBD are poised to satisfy that expansion.”

While CBD continues to have its day in the sun, we can expect to see more acquisitions and partnerships in this space which in turn is expected to have a massive impact on the price point of hemp/CBD products in the near future, similar to what was seen in early adopter cannabis states. This is expected to drive consumer demand even further but will force companies to strategically position themselves with the right business plan if they want to stand out in an overcrowded CBD market. 

For investors following cannabis stocks, Investor Ideas has created a stock directory of publicly traded CSE, TSX, TSXV, OTC, NASDAQ, NYSE, ASX Marijuana/Hemp Stocks

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