Investor Ideas #Potcasts #Cannabis News and Stocks on the Move: TSX: $WEED.TO, NYSE: $CGC, CSE: $CHOO.C, CSE: $ICAN.C, CSE: $MTEC.C
News about Canopy Growth Corporation (TSX: WEED ), (NYSE: CGC), Choom™ ( CSE: CHOO) , Integrated Cannabis Company, Inc ( CSE: ICAN) and Cannvas MedTech Inc. ( CSE: MTEC).
Delta, Kelowna, BC - September 27, 2018 (Investorideas.com Newswire) https://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 its series, Investorideas.com potcastsCM - cannabis news and stocks to watch plus insight from thought leaders and experts.
Listen to the podcast:
Investor Ideas #Potcasts #Cannabis News and Stocks on the Move: TSX: $WEED.TO, NYSE: $CGC, CSE: $CHOO.C, CSE: $ICAN.C, CSE: $MTEC.C
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), Choom™ ( CSE: CHOO) , Integrated Cannabis Company, Inc ( CSE: ICAN) and Cannvas MedTech Inc. (CSE: MTEC).
Canopy Growth Corporation announced that at the Company's annual general and special meeting of shareholders held yesterday on September 26, 2018, shareholders approved the previously-announced $5B CAD ($4B USD) private placement of 104,500,000 common shares and 139,745,453 common share purchase warrants of the Company to CBG Holdings LLC, an affiliate of Constellation Brands, Inc.
Of the approximately 40.87% of common shares represented at the Meeting, in person or by proxy, approximately 95.41% were voted in favour of the resolution approving the Transaction in accordance with the minority approval requirements under Multilateral Instrument 61-101 and the requirements of the Toronto Stock Exchange based on proxies received by the management appointees. Details of the voting results will be filed under the Company's profile at www.sedar.com. Subject to the satisfaction or waiver of all of the conditions to the Transaction, including the receipt of regulatory approval under the Investment Canada Act, the Transaction is expected to be completed on or before October 31, 2018.
Choom™ an emerging, fully integrated cannabis company, announced that it has executed an agreement for cannabis distribution with ParcelPal Technology Inc. (CSE: PKG).
ParcelPal is a technology driven logistics company that connects consumers with local retailers to get their products delivered quickly and affordably. ParcelPal offers on-demand delivery of merchandise from leading retailers, restaurants, liquor stores and soon medical and recreational marijuana in major cities Canada-wide. Their technology handles the complete requirements of hyperlocal logistics by bringing the merchants and customers onto a single platform.
President and CEO Chris Bogart from Choom states, "We recognize the importance of utilizing the existing technology of ParcelPal's mobile app in concert with their outstanding track record of home delivery execution. We believe this will provide an exceptional customer experience and we are excited to offer this to our valued customers upon the upcoming rollout of our retail strategy."
The initiative will consist of:
Distribution, in which ParcelPal and Choom will jointly develop the optimal roadmap for distribution of both mail order and same day delivery within various provinces for adult use cannabis.
Accessibility: Using Choom's and ParcelPal's platform to enhance user experience and accessibility to products offered.
Compliance: ParcelPal and Choom will ensure that all products will be delivered within the parameters established by all regulating bodies in Canada
Integrated Cannabis Company, Inc.announced the completion of a Letter Agreement to collaborate on X-SPRAYS™ products for the Canadian market with GTEC Holdings Ltd (TSXV: GTEC), a Canadian License Producer under Health Canada's ACMPR.
The Agreement allows for the co-development and marketing of novel spray products, utilizing proprietary nanotization technology containing both Cannabidiol (CBD) and/or Tetrahydrocannabinol (THC) for distribution in the Canadian medicinal and recreational markets. The Agreement is subject to the implementation of federal legislation in Canada and corresponding provincial and territorial legislation that permits the distribution and sale of certain formats of cannabis products, including without limitation sprays.
Over the coming weeks the companies will engage with their science, marketing and distribution teams to streamline the logistics of developing and ultimately introducing products to the Canadian marketplace.
Cannvas MedTech Inc., a leading business technology company in the cannabis space, announced the formation of Cannvas Cannabis Acquisitions Corp., a wholly-owned subsidiary with a focus on investment and acquisition in the expanding global cannabis sector.
"The North American cannabis market has emerged as an economic force and there are many investment opportunities that support this important sector," said Steve Loutskou, Chief Operating Officer, Global Markets, Cannvas MedTech Inc. "With the legalization of cannabis only weeks away, we are positioning our Company to leverage our broad network and extensive knowledge of the sector to take action when opportunities present themselves. Technology is the most obvious business where we will focus our attention, but because ancillary businesses and verticals are growing at unprecedented rates there are numerous opportunities that look interesting."
Cannvas Cannabis Acquisitions seeks to complement Cannvas' current product offering through continuous development, strategic investments and acquisitions in the cannabis sector. Related companies may include, but are not limited to: Technology, Marketing and design, Packaging, Food and nutraceuticals, Regulation and enforcement, New product development, Cultivation related equipment, Gear and paraphernalia, Retail stores & dispensaries and Testing lab.s
Cannabis research sources calculate legal pot sales in North America climbed approximately 33% in 2017 to almost $10 billion, and project annual sales will grow to $25 billion by 2021. In a 2017 study, Deloitte estimates the size of the ancillary cannabis market to be approximately 2.5 times the size of the actual cannabis cultivation market.
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