Investor Ideas #Potcasts #Cannabis News and #Stocks on the Move: CSE: $CRZ.C, CSE: $KBEV.C, TSXV: $N.V, TSX: $ACB.TO, TSXV: $PURE.V
Delta, Kelowna, BC –August 27, 2018 (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 its series, 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 morning 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 will be looking at announcements from CannaRoyalty Corp. trading on the CSE as CRZ and the OTC as CNNRF, Koios Beverage Corp. trading on the CSE as KBEV and the OTC as SNOVF, Namaste Technologies Inc. trading on the TSX-Venture as N, Aurora Cannabis Inc. trading on the TSX as ACB and the OTCQB as ACBFF and Pure Global Cannabis Inc. trading on the TSX-Venture as PURE and the OTC as PRCNF.
CannaRoyalty Corp., a leading North American cannabis products and brands company, today announced that it has entered into a binding letter of intent with Tidal Royalty Corp., a leading provider of royalty financing to licensed U.S. cannabis operators, whereby Tidal Royalty will acquire the Company's equity stake and royalty entitlement in Alternative Medical Enterprises LLC ("AltMed") for a consideration of $8 million. CannaRoyalty will maintain the right to license MÜV products in California, Nevada, Canada and other select markets.
AltMed is a licensed cannabis business operating in the state of Florida that exclusively manufactures and distributes a line of award-winning cannabis infused products marketed under the MÜV™ brand. NuTrae (doing business as MüV), is a subsidiary of AltMed and launched the MüV product line in Q3, 2016 exclusively in the Arizona medical market. As previously disclosed, CannaRoyalty currently holds an 6.14% ownership position in AltMed and has a 3.5% royalty on global net sales of the following MüV products: Transdermal patches, metered dose inhalers, and patent-pending transdermal gels.
Koios Beverage Corp. announced that it has entered into a co-packaging agreement with Golden Global Goods, the parent company of Rocky Mountain Soda.
The agreement gives Koios access to Rocky Mountain's high-volume production line, so the functional beverage maker can now produce a lower minimum amount of product at any given time, while achieving the same cost-effectiveness that could otherwise only be gained through mass production.
"We can now tweak, innovate and create new additional products on demand, without being married to any one beverage or flavour," said Chris Miller, Koios founder and CEO. "The flexibility of producing in smaller batches allows us to be incredibly competitive by keeping less of our operating capital tied up in aging inventory.
Namaste Technologies Inc. announced that the Company has signed a bulk cannabis supply agreement with GTEC Holdings Ltd. (trading on the TSX-Venture as GTEC), whereby Namaste's wholly owned subsidiary and Health Canada's Access to Cannabis for Medical Purposes ("ACMPR") late-stage applicant, Cannmart Inc. will purchase bulk cannabis flower and oil from GTEC for resale in Cannmart's online platform. Cannmart will be Canada's first ACMPR Licensed Producer ("LP") with a "sales-only" license, allowing the Company to leverage its e-commerce expertise to become Canada's leading cannabis online retailer.
This Supply Agreement further demonstrates Namaste's ability to secure a strong supply chain to help service Namaste's growing list of patients, and execute on its strategy to create Canada's largest online retail cannabis platform. GTEC is a Kelowna-based LP which owns and operates several cultivation facilities, and Namaste anticipates GTEC becoming a key supplier for Cannmart's platform. With the upcoming roll-out of recreational cannabis and with an anticipated short-term national supply shortage, cannabis supply agreements are now more important than ever to Namaste's long-term strategy. This Supply Agreement further demonstrates Namastes ability to secure a strong supply chain with multiple LP's.
Aurora Cannabis Inc. today reaffirmed its commitment to advocating for the amnesty of cannabis possession offenses through a $50,000 contribution to the Campaign for Cannabis Amnesty. The organization will use the funds to advocate for the expungement of criminal records for personal possession cannabis offences that will no longer be illegal after October 17, 2018, and to educate Canadians about the injustices that currently exist as a result of the prohibition of cannabis.
The legalization of cannabis in Canada represents a monumental and positive policy shift. However, more than 500,000 Canadians will continue to carry the burden of criminal records from simple possession offenses, many of them from marginalized communities. Without pardons and record expungement, the negative impact of these records will continue to limit their ability to find housing or employment, to travel, or volunteer.
"Aurora strongly believes that the negative socio-economic impact of maintaining criminal records for simple possession needs to be addressed urgently," said Jonathan Zaid, Aurora's Director of Advocacy and Corporate Social Responsibility. "We look to the Canadian government to provide amnesty to these people, largely from marginalized communities, ensuring their broad exclusion from Canadian society is lifted. The work of the Campaign for Cannabis Amnesty is making a very positive contribution towards this much needed policy change. Even through there is still a lot of work to be done to encourage justice reform in this area, Aurora is proud to support organizations like Campaign for Cannabis Amnesty that are leading the way forward."
Pure Global Cannabis Inc., a vertically-integrated, growth-oriented life sciences cannabis company, announced that its wholly-owned subsidiary, PureSinse Inc., has received approval for an amendment to its licence from Health Canada under the Access to Cannabis for Medical Purposes Regulations ("ACMPR"), to include the activity of possession of cannabis oil, resin, and relevant activities.
PureSinse's license under the ACMPR was amended August 24, 2018, allowing the company to source bulk psychoactive and non-psychoactive cannabis oils along with resins from national and international licensed producers that meet Pure Global's high quality standards. The next step will be to receive Health Canada approvals to process, package, and sell cannabis oil-based products.
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Additional disclosure: 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 investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. 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. More disclaimer info: www.investorideas.com/...
Additional info regarding BC Residents and global Investors: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: www.bcsc.bc.ca/... Global investors must adhere to regulations of each country.