Investor Ideas #Potcasts; #Cannabis News and #Stocks on the Move (CSE: $EASY.C) (CSE: $PLTH.C) (NYSE: $APHA) (CSE: $HITI.C) (CSE: $SOL.C)
Delta, Kelowna, BC –July 29, 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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Read this in full at https://www.investorideas.com/news/2019/cannabis-potcasts/07291EASY-PLTH-APHA-HITI-SOL.asp
Today’s podcast overview/transcript:
Good afternoon and welcome to another episode of Investorideas.com “Potcast” featuring 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.
SpeakEasy Cannabis Club Ltd. (CSE: EASY) announced that the Company has completed moving its diverse and massive in scale genetics into its facility in anticipation of receiving its cultivation licence in the near future. Fulfilling the requirement of having genetics present in the facility at the time of licensing, SpeakEasy followed Health Canada's Cannabis Regulations to the letter. In addition to following federally mandated Cannabis Regulations, SpeakEasy consulted with provincial and municipal governments, as well, as its local RCMP to ensure proper procedures were followed, prior to any movement of the genetics being completed.
SpeakEasy has accumulated an impressive library of unique genetics from sources outside existing License Holders, that will be used as starting material and are currently secured within the facility. The current genetics catalogue spans the full spectrum, providing the ability to produce a wide range of product grown both indoor and outdoor, as well as, permitting the ability to develop new strains, unique to SpeakEasy. "We believe we have one of the largest genetics libraries in the industry, we are very fortunate to have such incredible partnerships with industry professionals and genetics experts," said Patrick Geen, Head Grower.
The company’s outdoor cultivation site stands ready to receive starting material, upon granting of their initial cultivation license the company plans to immediately submit their evidence package for their outdoor field to amend their license to allow for an outdoor cultivation area on their 60 acre field.
"Going from a cherry orchard, which has laid fallow for years, to a built out outdoor cultivation area ready for growing cannabis in four and a half months has been an incredible achievement, I am so proud of everyone in the SpeakEasy family for their extraordinary efforts and accomplishments," added Bin Huang, CEO.
SpeakEasy also announced that it has hired former RCMP officer Grant Bernier. Upon Mr. Bernier's security clearance through Health Canada, he will assume the position of Chief Security Officer. With his appointment, the Company aims to set a new standard in compliance within the industry. Grant will have the authority to preform independent audits within the Company and will have complete autonomy. We believe once this system is in place it will set the standard for compliance in the industry. "We have the utmost confidence that our products will be second to none and we will continue to strive to ensure that it will remain that way. Additionally, it's exciting to know our Company from top to bottom, will become the cornerstone of exemplary industry standards," said Zena Prokosh, SpeakEasy's QAP.
Planet 13 Holdings Inc. (CSE: PLTH) (OTCQX: PLNHF) announced that it has added HaHa Gummies™ and Dreamland Chocolates™ to its growing in-house brand portfolio.
HaHa Gummies and Dreamland Chocolates along with Medizin, TRENDI and Leaf & Vine will be produced in Planet 13's new 15,000 sq. ft. customer-facing production facility located at the Planet 13 Las Vegas Cannabis Entertainment Complex.
Planet 13 in-house brands currently represent approximately 15% of all products sold at the SuperStore. With the opening of the new production facility, Planet 13 intends to continue to grow the in-house brand penetration with a long-term, sustainable target of approximately 50%. Planet 13 also plans to leverage its current SuperStore supplier relationships to gain rapid access for its in-house brands, to premium shelf space in third-party Nevada dispensaries.
"Edibles, especially premium sativa-based edibles, have been very popular with our tourist customer base," said Larry Scheffler, Co-CEO of Planet 13. "HaHa Gummies™ and Dreamland Chocolates™ were designed from the ground up using the customer insights we have generated from the over 400,000 people we have served at the SuperStore in just eight months. We expect that the combination of this deep customer connection and an interactive production experience at the SuperStore will quickly make both brands Nevada favorites.
The Company's Phase II expansion, which includes; coffee shop, bistro, customer-facing production facility, and event space, is expected to open by the end of Q3. Ongoing permitting delays have impacted the construction schedule. Construction on Phase II is progressing at a solid pace and will accelerate once the final permits are issued.
Bob Groesbeck, Co-CEO of Planet 13, commented, "Despite ongoing permitting delays our goal is to open Phase II by the end of Q3 and to enter the wholesale market in Q4 2019."
Aphria Inc. (TSX: APHA) (NYSE: APHA) today announced that its subsidiary Marigold Projects Jamaica Limited has received a retail Herb House licence from Jamaica's Cannabis Licensing Authority ("CLA") to open its first store in Kingston, Jamaica.
Sensi Medical Cannabis House will be located at the Peter Tosh Square, Unit #51, (yes, it is there), Pulse Center, 38a Trafalgar Road, overlooking the Peter Tosh Museum in New Kingston. The Cannabis House will have a smoking lounge for on-site consumption, high-end accessories for sale, and feature Marigold proprietary strains of cannabis and brands called Sensi Gold.
"The approval of Marigold's first Herb House signals an exciting time for Aphria. We believe that there is tremendous opportunity in Jamaica from a domestic and international perspective and we look forward to bringing Sensi products to the market," said Irwin D. Simon. "Receiving this licence is testament to our team's hard work and dedication in growing our Caribbean and LATAM business as we provide high-quality cannabis products in regions. Aphria will continue to execute on our business plan to create long-term value, sales growth, and profitably in Canada and internationally."
Marigold Projects, a 49 per cent owned subsidiary of Aphria Inc., holds a Tier 3 licence to cultivate more than 5-acres of land with cannabis for medical, scientific and therapeutic purposes. Marigold Projects cultivation farm is fully operational, and inventory at opening will exceed 2,700 kgs. The company maintains an additional 20-acres of vacant land in anticipation of expanding its cultivation operations, as well as a 10-acre farm in St Catherine.
Sensi Medical Herb House will have its official opening in August 2019. Marigold plans to open an additional four Cannabis Houses in Portmore, Ocho Rios, Montego Bay, and Negril, pending CLA licence approval.
High Tide Inc. (CSE:HITI) (OTCQB:HITIF) today announced that its wholly-owned subsidiary, Famous Brandz Inc., recently signed its 9th license agreement with I.P.L. for access to various categories of its large Radio Days inventory of original images featuring historical celebrities, motion pictures, music albums, comics and other popular culture artwork. The Radio Days License grants Famous Brandz the right to reproduce and sell smoking accessories, including but not limited to bongs, containers, grinders, pipes, trays and vaporizers, to specialty retailers and distributors across North America over a term of 30 months.
Famous Brandz has begun the process of designing and producing a wide range of smoking accessories and cannabis lifestyle products featuring classic images of rock stars, pin-ups, sirens, horror movie characters and more. "Adding the Radio Days License to our existing stable of celebrity licenses, which include but are not limited to Snoop Dogg Pounds, Cheech & Chong's Up in Smoke, Trailer Park Boys, Sublime and Guns N' Roses, only strengthens Famous Brandz' industry leading position in licensed product manufacturing and wholesale distribution," said Raj Grover, President and Chief Executive Officer of High Tide.
"High Tide continues to grow on all fronts, domestically and abroad, and this new line of Famous Brandz products will leverage our vertical integration as well as our understanding of the cannabis customer," added Mr. Grover.
The Company also recently renewed its license with Da' Grassy High Inc. until the end of 2021, which grants Famous Brandz the right to manufacture, distribute and sell products featuring Kevin Smith's well known movie characters Jay & Silent Bob, Bluntman & Chronic and Buddy Christ. The DGH License is an important agreement for Famous Brandz as it has enabled the business to develop highly recognizable products that have been sold successfully on both a wholesale and retail basis around the world. Based on the success of its celebrity licenses, High Tide expects to continue entering into agreements to reproduce popular brands and likenesses in the future.
SOL Global Investments Corp. (CSE: SOL) (OTC: SOLCF) announced that it has purchased an additional 16,766,250 common shares in the capital of HeavenlyRx Ltd. at a price of $0.40 for an aggregate subscription amount of CAD$23,909,000.
The subscription is part of a larger private offering by HeavenlyRx of Heavenly Shares and as a result of this subscription, SOL Global now holds 44.53% of the issued and outstanding Heavenly Shares and the other shareholders of Heavenly Rx collectively hold the remaining 55.47%. The Heavenly Shares are subject to an indefinite hold period under applicable Canadian securities laws.
"HeavenlyRx, through the expertise of the new management team under Paul Norman and their stream of acquisitions, is quickly becoming a dominant player in CBD wellness. This is a team and strategy we want to be part of in a large way. SOL Global's continued investment in HeavenlyRx has fast-tracked the on-boarding of highly relevant consumer brands to the company's portfolio ensuring their solid foundation as a leader in the CBD wellness" said Andy DeFrancesco, Chairman & Chief Investment Officer of SOL Global.
Heavenly Rx is a privately-held Hemp and CBD operating company focused on acquiring significant ownership interests at minimum, and a short-term mandate to gain absolute control with a 50.1% - 100% ownership, in various industry-leading THC-free companies in the cannabinoid wellness space.
HeavenlyRx's focus is on hemp cultivation, processing and the manufacturing of a diverse range of traditional CBD products including oils, tinctures, balms, and vape-ready products. Heavenly Rx will also own and operate its own retail locations along with health & wellness related studios where it will generate a repetitive captive audience with a desire for Heavenly Rx's products to be part of its customers' daily routine. It is expected that Heavenly Rx's portfolio will include several proprietary brands across numerous consumer product group verticals such as cosmetics and beauty products, bath and body products, and infused foods.
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