Investor Ideas #Potcasts, #Cannabis News and #Stocks on the Move; Episode 396 (CSE: $BEV.C) (CSE: $THC.C) (TSX: $FAF.TO) (TSXV: $VLNS.V) (OTCQX: $VLNCF) (TSXV: $RLV.V)
Delta, Kelowna, BC, April 8, 2020 (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:
Read this in full at https://www.investorideas.com/news/2020/cannabis-potcasts/04081BEV-THC-FAF-VLNS-VLNCF-RLV.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 public announcements from earlier this week.
BevCanna Enterprises Inc. (CSE:BEV) (OTCQB:BVNNF) announced the debut of its latest cannabis-infused beverage brand, Jase™.
Created with an appealing pomegranate lemonade flavour, Jase will be available for sale in licensed dispensaries in California this year. Jase will be offered in a ready-to-mix single-serve powder, infused with 10 mg of THC, and available in 10-pouch box.
The Jase brand distinctly evokes "California Cool" - the endless summer sun combined with a vibrant hedonism. The mood is upbeat. The style, bold. The attitude, confident. Coined from "ganja", the Sanskrit word for hemp or cannabis, and the word "base", Jase suggests a brand that is approachable, upbeat and bold.
"When conducting our North-America wide consumer study, it was quickly apparent that lemonade was seen as one of most popular flavours," said John Campbell, Chief Strategy Officer at BevCanna. "We were inspired by the idea of creating a vibrant, bold lemonade beverage that consumers could enjoy on sociable occasions, and we liked the idea of it being easily portable. Consumers can add the powder to their choice of still or sparking waters to create a personalized experience."
Developed in response to BevCanna's extensive North American-wide consumer study, which focused on product and consumption preferences within the cannabis-infused beverage market, Jase joins BevCanna's roster of recently released ready to drink brands, including the Anarchist Mountain Beverages™ line of botanical-flavoured sparkling beverages and the Grüv Beverages™ line of iced teas.
THC BioMed Intl Ltd. (CSE: THC)(OTC: THCBF) announced that its new cannabis beverage, THC Kiss, will be available for sale to Medical Patients this week. THC BioMed expects to begin its rollout of THC Kiss to the recreational market over the next few weeks.
THC KISS is a brand new cannabis beverage that is unlike those currently available in either the grey or legal cannabis markets. THC Kiss was developed by THC BioMed using proprietary extraction methods invented by THC BioMed.
"We remain a true cannabis company. We are passionate about cannabis and apply a deep understanding of it in our operations. Our operational procedures have proven successful and we have demonstrated that we have the ability to scale at low cost while producing the finest quality cannabis at a very reasonable cost to the end consumer," said John Miller, President & CEO of THC BioMed. "The launch of this product is an important milestone for the Company. We continue to fully focus on sustained growth and profitability as we aggressively increase our market share."
THC Kiss will sell at compassionate pricing for registered medical patients at $4.20 per 30ml beverage containing 10 mg of THC.
Fire & Flower Holdings Corp. (TSX: FAF) and its wholly-owned subsidiary Fire & Flower Inc., announced that its stores in Ottawa and Kingston, Ontario will offer online ordering and payment, curbside pickup and home delivery for cannabis products through the Spark Fastlane™ service available through Spark Perks™.
Fire & Flower's Ottawa and Kingston locations will re-open using the Fastlane service on April 9, 2020 for online orders that may be picked up using the curbside service to ensure the health and safety of our customers and team members. The Company anticipates free home delivery services to be available at its earliest opportunity. Details on the free home delivery service will be available on the Fire & Flower website at www.fireandflower.com.
On April 7, 2020, the province of Ontario announced that an emergency order was approved by the provincial cabinet that allows cannabis retail stores to safely operate through online, curbside pickup and home delivery services, for the duration of the government's emergency order on business closures in relation to COVID-19.
In anticipation of this potential announcement, the Fire & Flower and Hifyre™ teams have been working to build operating procedures and technology that serves customers through online payment, curbside pickup and home delivery services. Earlier this week, the Company announced these programs were launched in the province of Saskatchewan and are successfully being used by consumers in that market. The launch of these programs in the province of Saskatchewan enables Fire & Flower to rapidly deploy in the province of Ontario and other jurisdictions that may allow for curbside pickup and home delivery.
"Fire & Flower congratulates the province of Ontario and in particular, Premier Doug Ford and Attorney General Doug Downey for their leadership in taking this significant step to allow for home delivery by private cannabis retailers. These actions are critical to ensure that residents of Ontario have access to safe, legal cannabis in ways that protect public health. This is a very positive step in the continued elimination of the illegal, unregulated market which poses an additional threat to public health during this pandemic," shared Trevor Fencott, Chief Executive Officer of Fire & Flower. "The ability of the Fire & Flower operations and Hifyre digital teams to rapidly respond demonstrates the resiliency of both our people and our business systems. We are grateful for the opportunity to do our part and demonstrate how private retail can provide best-in-class home delivery services in a safe and responsible manner to cannabis consumers."
Fire & Flower has a distinct competitive advantage as online ordering, curbside pickup and delivery become available through its ability to communicate with more than 90,000 members in the Spark Perks program. The Spark Perks program provides a robust channel to communicate with consumers, understand their needs and preferences and drive consumer traffic digitally.
Valens GroWorks Corp. (TSXV: VLNS) (OTCQX: VLNCF) announced that it will begin production of hand sanitizer liquid with an initial 1,300 litre-batch at its Kelowna facility to help alleviate product supply shortages as a result of the COVID-19 health crisis.
The Valens Company will bottle and donate 40,000 bottles of hand sanitizer in various formats to frontline health care workers across Canada. The Company is focusing on British Columbia, Alberta and Ontario for distribution, as well as providing 10,000 units to Shoppers Drug Mart to aid their public-facing workers at pharmacies across Canada. Simultaneously, the company is working with hospital networks, all essential services and various associations servicing the vulnerable, to distribute supplies to those who need it most.
Valens has also donated significant quantities of various personal protective equipment (PPE) such as gloves, gowns, and sanitizing wipes from the Company's existing supply. The Company is also expecting a second shipment of PPE gear, including masks, which will also be donated to healthcare workers.
"We at The Valens Company recognize the urgency in assisting our communities across the country during this critical phase of the COVID-19 pandemic," said Tyler Robson, CEO, The Valens Company. "We consider it our corporate responsibility to leverage our existing extraction and production capabilities to distribute products that have the potential to fight the transmission of this virus. We are quickly mobilizing our teams and resources to alleviate essential supply shortages and contribute as much as we can to those selflessly helping on the frontlines."
Relevium Technologies Inc. (TSXV:RLV) (OTC:RLLVF) announced that it has secured the natural product number (“NPN”) for the Canadian market and is ready to launch the product for Canadian customers.
Relevium is leveraging product formulation and manufacturing expertise of its integrated supply chain in Montreal to commercialize the newly announced Bioganix® CleanCare hand sanitizers that effectively kills 99.9% of germs and bacteria. The Company, through its local manufacturing partner, has secured Health Canada Natural Product Number (“NPN number”) and will begin accepting pre-sale orders on a first-come, first-served basis.
“In conjunction with our manufacturing partners, we are very pleased to have the opportunity to introduce Bioganix® trusted products into the Canadian market,” stated Aurelio Useche, CEO of Relevium. “Given the recent tensions between Canada and the US due to the scarcity of supply of essential COVID-19 infection prevention products and in order to support local businesses, we have decided to manufacture locally for each market. Our products will be offered initially online, with plans to offer as well through specialty retail brands,” added Mr. Useche as he commented on the Company’s distribution strategy.
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