Delta, Kelowna, BC – October 29, 2021 (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 podcast edition of cannabis news and stocks to watch plus insight from thought leaders and experts.
Listen to the podcast:
Investor Ideas Potcasts #609, Cannabis News and Stocks on the Move; (OTCQB: PHOT), (CSE: BCBC), (NASDAQ: ACB), (CSE: CURA) (OTCQX: CURLF)
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 public company announcements.
Curaleaf Holdings, Inc. (CSE: CURA) (OTCQX: CURLF), a leading international provider of consumer products in cannabis, announced earlier this week that its initial batches of New York whole flower have cleared testing by third party labs and that sales of three initial strains began this week with the Company’s Newburgh location followed by Curaleaf’s Carle Place, Forest Hills, and Plattsburgh dispensaries.
“Our patients have been waiting a long time for this day and we couldn’t be happier to be able to deliver whole flower product to all four of our New York locations in the next day or so and to the majority of our wholesale partners within the month,” said Joe Bayern, CEO of Curaleaf. “Fortunately, we have been preparing for this moment and we are more than ready with plenty of product for all our New York locations. We are grateful to Governor Hochul and the OCM for moving this forward so quickly, and we look forward to robust sales and happy customers. We appreciate the patience and loyalty of all our patients as we worked toward this milestone.”
Prior to this month, cannabis was only available to New York patients in ground form, a source of frustration for many patients who prefer the plant’s medicinal applications in its purest and most natural format.
Curaleaf whole flower will also be available to the majority of the Company’s wholesale partners in the state by the end of the month, ensuring that the Company maintains its position as the New York market leader and its product will be available throughout the state.
Aurora Cannabis Inc. (NASDAQ: ACB) (TSX: ACB), earlier this week, announced a manufacturing agreement with The Valens Company Inc., a leading manufacturer of cannabis products, to manufacture a new seasonal offering in the mint category.
Launching under Drift Turbo, the Company’s mainstream adult-use recreational brand, the new Canna Cane Mints are a two-piece hard peppermint candy containing 10mg THC (5mg THC per piece). This is the first product offering under the manufacturing arrangement, which is expected to expand in the coming months.
“We know that Canadian cannabis consumers are looking for novelty and variety, and seasonal offerings are a key approach to strategically expanding our portfolio of adult-use products,” said Miguel Martin, CEO, Aurora Cannabis. “Valens’ exceptional manufacturing capabilities complement our product line up this upcoming holiday season. Our strategic relationship is designed to unlock efficiencies as we seek to bring innovation to market with speed and differentiation that connects with consumers.”
The cannabis edibles will be manufactured using SoRSE(TM) by Valens emulsion technology, a patented, in-house emulsion technology that transforms cannabis oils into water-soluble forms to infuse foods, liquids and topicals without the taste or smell of cannabis.
Tyler Robson, Chief Executive Officer, Co-Founder and Chair of The Valens Company, said, “This is an important milestone for the Canadian cannabis market as two of the largest companies in this sector come together. We have admired Aurora for their leadership and continuing to elevate and challenge industry standards. Our companies share the same ethos when it comes to bringing the highest quality products to market and offering a premium experience to consumers.”
Aurora’s upcoming holiday portfolio will also include a new 510 vape cartridge launching under the Company’s adult-use recreational brand, Daily Special. The new Cranberry Sauce 1g 510 Vape is a high-THC distillate vape and is infused with the classic sweet-tart flavour of festive cranberries. Both the Canna Cane Mints and Cranberry Sauce Vape are limited-time products and will be available for purchase in British Columbia and Alberta beginning in November. The Cranberry Sauce 1g 510 Vape will also be available for purchase in the Maritimes.
The BC Bud Corporation (CSE: BCBC), a house of high-quality cannabis brands based out of British Columbia, Canada, announced a partnership between its in-house craft concentrate brand, Solventless Solutions, and micro-cultivator Habitat’s certified organic flower brand, Cake and Caviar.
An industry leading partnership, a first of its kind in Canada, Solventless Solutions will work in tandem with Habitat’s Cake and Caviar to produce farm-to-table premium solventless extracts using meticulously selected cultivars to be flash frozen immediately after harvest. Through this innovative collaboration, Solventless Solutions will be the industry’s premium destination for small-scale, chemical-free extraction with the ability to process biomass from micro-cultivators.
Engaging in the partnership with Habitat as a superior top shelf flower producer creates a seamless conduit for Solventless Solutions to begin bringing craft concentrates to the market. The Company will release concentrates under its house of brands, allowing for the building and strengthening of new infrastructure and continued relationships with cultivators. This will also allow the continual research and dynamic development for Habitat’s growing genetic lineup.
“Working with the team at Solventless Solutions, we are excited to add top shelf rosin products to our portfolio utilizing our unique genetics. Partnering with experts is crucial in order for Habitat to continue with its existing micro operations around cultivation, research and development thus we are grateful for the opportunity to expand alongside this talented team” commented Rudi Schiebel, CEO of Habitat.
“The partnership between Solventless Solutions and Habitat is the first of its kind in the country, and marks a key pivot point in our mission to expand The BC Bud Co within the evolving cannabis industry,” said The BC Bud Co CEO Brayden Sutton. “This exciting collaboration is key to our brand focused strategy as we continue to focus on maximizing shareholder value through relationships and partnerships.”
GrowLife, Inc. (OTCQB: PHOT), one of the nation’s most recognized indoor cultivation product and service providers, announced that it has entered into an exclusive distribution agreement with the leading mushroom cultivation equipment supplier in Canada, My Fungi Inc., whereas the Company will have the exclusive right to market and distribute its proprietary line of mushroom cultivation equipment throughout the United States. This marks the Company’s entrance into the expanding mushroom industry, servicing both B2B and B2C customers, by supplying hard-to-find essential equipment for mushroom cultivation.
Mushroom cultivation has seen a significant spike in growth in recent years, with consumer demand for specialty mushrooms for food, wellness, nutraceutical, and medical purposes exploding. Mushroom cultivation is extremely specialized and requires specialized equipment to produce at large-scale. As a leader in cultivation equipment for the cannabis industry, GrowLife’s progression into offering these products through its robust network of hydroponic and ecommerce sellers is natural and aligns with the core competencies of the Company. By offering items such as liquid culture, blended and sterile substrates, and all in one kits, GrowLife is now positioned to address the demand for these products throughout the US, through a consistent supply chain created through the agreement with My Fungi.
“Moving into the mushroom cultivation equipment space is a natural progression for GrowLife and working with My Fungi is the perfect illustration of how we are leveraging our long history of cultivation expertise to bring innovative and high-demand products to emerging markets,” said Marco Hegyi, CEO of GrowLife. “The founder of My Fungi, Mr. Dave Auger, is a previous leader of our Canadian operations, and a long-time friend of GrowLife. Dave has built a strong supply chain for difficult to obtain equipment such as sterilized substrates which are required for cultivating food and medicinal grade mushrooms. Having one of the strongest and only supply chains of these products is a major differentiator for GrowLife and creates a completely new opportunity for growth for our Company.”
“I am excited to be working with GrowLife again,” stated Dave Auger, Founder of My Fungi . “Teaming up will allow My Fungi to expand into the rapidly developing mushroom cultivation markets of the United States. Sterilization is a significant pain point of mushroom cultivators, working with GrowLife will ensure that anyone interested in cultivating mushrooms will have access to the products and support needed to get growing.”
Beyond the emerging science around the medicinal benefits of mushrooms, mushrooms for use in food and wellness products represents a global market size of $46.1 billion in 2020, with the US being the second largest mushroom consumption market. While consumer demand for quality mushrooms rises, the supply of necessary growing equipment is becoming more constrained, fueled further by logistical issues impacting imports at US Ports. The products that GrowLife will sell through this distribution agreement are produced in North America, alleviating port issues, and stabilizing the supply chain to meet this demand.
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