Investor Ideas #Potcasts, #Cannabis News and #Stocks on the Move; Episode 454 (TSX: $AVCN.TO) (OTCQX: $AVCNF) (CSE: $TGIF.C) (OTCQX: $TGIFF)
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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 private and public company announcements.
Shoppers Drug Mart Inc. announced the opening of its first managed medical clinic in Toronto. Owned and operated by Shoppers Drug Mart, the Health Clinic by Shoppers™ is a primary-care and family practice clinic, providing patients with convenient, one-stop access to medical services and trusted advice.
Located at Lawrence Ave. and Dufferin St., this new clinic is the first of three expected to open over the next year in the Greater Toronto Area. Hosting a suite of family medicine services, the clinic aims to make healthcare more accessible for patients with extended operating hours and increased technology, such as online appointment booking and virtual care options through Medeo® solutions and electronic health records via the AccuroEMR® platform.
"We know Canadians want and need more from their primary care. The world changed quickly and dramatically this year, highlighting the need for more accessible healthcare options for patients – whether that means extended hours and more convenient locations for in-person services, or virtual care services for all patients including those who don't currently have access to a family physician," says Jeff Leger, President, Shoppers Drug Mart. "The Health Clinic by Shoppers combines convenience and technology in a way that is increasingly relevant to Canadians looking for health and wellness support."
As Shoppers Drug Mart expands its range of healthcare services, the company assembled a team of individuals with extensive experience in health clinic operations and management, and established a Physician Advisory Board to support the design and implementation of the new health clinic model.
"The COVID 19 pandemic has had a substantial impact on both the way Canadians access health care and on how physicians deliver primary care to their patients," says Dr. Barry McLellan of the Health Clinic by Shoppers Physician Advisory Board. "Through an enhanced experience of consistent quality of care, convenient hours, technology-enabled and virtual care services all delivered in a modern clinic space, the Health Clinic by Shoppers is uniquely positioned to provide high-quality, patient-centered healthcare to Canadians."
Avicanna Inc. (TSX: AVCN) (OTCQX: AVCNF) announced that its advanced RHO Phyto™ Micro Drop oils are now officially available nationwide in Canada on the Medical Cannabis by Shoppers™ platform as well as through the Medical Cannabis Real-World Evidence study at the University Health Network as announced by the Company on July 15, 2020.
Following years of research and development in collaboration with world class academic and clinical organizations, Avicanna is proud to be launching RHO Phyto, a full formulary of advanced medical cannabis products, for patients and the medical community in Canada. Following the Micro Drop oils, Avicanna expects to launch two advanced sublingual spray formulations in the upcoming weeks. The RHO Phyto product line includes oil drops, sublingual sprays, capsules and topicals with varying ratios of CBD and THC. The RHO Phyto products are designed to address a range of medical conditions that may require various rates of relief. For example, the "Rapid Act" sublingual sprays provide a faster onset of effects than the "Simple Dose" capsules and "Micro Drop" oils. To ensure batch-to-batch consistency and high-quality products, these formulations are manufactured under Good Manufacturing Practices in partnership with MediPharm Labs Inc. and GMP-level analytical testing is performed by Sigma Analytical Services Inc. All RHO Phyto products will be tracked using blockchain technology developed by TruTrace Technologies Inc. to manage, track and trace each step of the supply chain.
Aras Azadian, CEO of Avicanna commented, "We believe that our RHO Phyto formulary is designed to address numerous gaps in the current medical cannabis framework with respect to patient needs and provide an opportunity to attract new prescribers and patients to medical cannabis solutions. The introduction of a strictly medical line of products, backed by extensive research, pre-clinical data, GMP manufacturing and offered by Shoppers, has the opportunity to set a new standard of care and establish RHO Phyto as the leading medical product line in the medical cannabis market."
With the patient in mind, RHO Phyto Micro Drop oils are formulated with enhanced absorption, prolonged stability, and consistency. The blood orange flavoured Micro Drop oil 1.6 CBD - 0.06 THC and Micro Drop oil 0.6 CBD – 0.16 THC are available in a 25:1 and 4:1 CBD to THC ratio, respectively. The product name includes the amount in milligrams (mg) of CBD and THC that is delivered per dose. Detailed guidelines about dosing and titration for Health Care Practitioners and patients is available on the RHO Phyto website at www.rhophyto.com, as well as on the Avicanna Academy website at https://www.avicanna.com/the-avicanna-academy/, along with additional product information, product guidelines for patients, and frequently asked questions.
As a part of Avicanna's commercialization strategy, the Company will be providing education and training for HCPs, patients, and medical institutions about medical cannabis and the RHO Phyto product line. Educational materials can be found on the Avicanna Academy website at https://www.avicanna.com/the-avicanna-academy/, including a recording of Avicanna's 3rd annual symposium that was hosted virtually in partnership with Shoppers on July 21st and was live-streamed by over 1,000 participants.
1933 Industries Inc. (CSE: TGIF) (OTCQX: TGIFF), announced the introduction of a new line of extra strength products to its extensive wellness portfolio. The Canna Hemp™ Plus line was developed for consumers who want to experience the added benefits of increased CBD at competitive prices from a reliable and trusted brand.
As the health and wellness market continues to research the power of the cannabis plant, the Company's Canna Hemp™ brand is applying its expertise in utilizing cannabidiol (CBD) in a variety of formulas in order to meet the lifestyles and needs of a growing consumer base. With double the amount of CBD, the PLUS line was designed to offer competitively-priced products with some of the highest amounts of CBD found today in the marketplace.
"Our exciting suite of wellness products continues to grow in a number of segments and price points. Over the last three years, we have earned the trust of our consumers by offering products that are effective, reliable and contain the highest quality CBD sourced in the USA", stated Mr. Eugene Ruiz, President of 1933 Industries. 'Our best-selling topical Relief Cream and all Elixirs will launch the PLUS line today, with more products to follow over the coming months."
"We are also pleased to announce that we have re-priced all of our regular Canna Hemp™ products and we will be increasing the amount of CBD in the Canna Hemp™ Vape Pens, Lotions and Lip balms. As the price of CBD has come down, we are passing these savings along to our consumers", added Mr. Ruiz. "Our leading Canna Hemp ™ line will not only boast the best ingredients and most effective formulations, but also a highly competitive pricing structure for premium products. There's never been a better time to discover the many uses and benefits of hemp and CBD for both the body and mind."
All Canna Hemp™ products are specifically formulated with the Company's proprietary TerpFX™ blend of real cannabis-derived terpenes and organic, botanical oils. Terpenes mimic the profiles of cannabis strains without any THC. In addition to the PLUS line, the Company recently launched a line of products made with organic hemp seed oil available via online marketplaces such as Amazon.com and Walmart.com and via its direct to consumer e-commerce website cannahemp.com.
The Board of Directors of Province Brands of Canada, the beverage technology company that has developed a first-of-its-kind patent-pending process expected to reduce environmental impact and create beverages and other ancillary products that are less harmful for human health, announced that Jennifer Dianne Thomas, Esq. has been appointed the company's new Chief Executive Officer, effective immediately. Previously, Ms. Thomas was the Province Brands' Chief Legal Officer. She is Co-Founder of Province Brands and will remain a member of its Board of Directors.
Ms. Thomas replaces Dooma Wendschuh, Co-Founder and CEO since the company was formed in 2016. Mr. Wendschuh informed the Board in December, 2019, of his intent to transition from executive leadership, and planning has been underway since. Mr. Wendschuh remains a full-time employee of Province Brands dedicated to the company's success as a co-founder.
"Dooma has taken Province Brands from an idea that met with widespread early resistance to the verge of market-ready launch with facilities under construction, valuable IP, a broad vision, emerging product offerings, and he will remain an important part of Province Brands' future," said Ms. Thomas. "I'm excited about the road ahead and thank Dooma and the Board for its confidence and full support."
Ms. Thomas added: "I'm excited to take over as CEO of Province Brands to create and deliver new solutions and revenue streams that allow the business to grow in these challenging times. In addition to innovative thinking, the current environment in the industry and world at large presents a confluence of constrains that require risk mitigation and sound legal, financial and compliance experience that I have accumulated over my 12 years of practicing at Schulte Roth & Zabel LLP, Jones Day, and with other cannabis companies. These experiences have prepared me to lead Province Brands' to a bright future.
Since co-founding Province Brands four years ago, Ms. Thomas has spearheaded multiple vital strategic initiatives and partnerships, played a major role in managing the business, overseen all aspects of the company's legal and licensure strategies, and managed the company's legal and finance department.
"Under Jennifer's leadership, Province Brands is poised to transform the brewing industry," said Mr. Wendschuh. "There is no one better suited for the job, more highly regarded by the team, or more capable to lead this company. I've been honored to have Jennifer as a partner for the past four years and I've been thrilled to watch her succeed at every task she's undertaken. Her bold vision for the company is exciting and I'm thrilled to help her succeed."
Ms. Thomas for two years has represented Province Brands on the board of the Cannabis Beverage Producers Alliance. She founded the State Bar of Georgia's Cannabis and Hemp Bar Section. Prior to Co-Founding Province Brands, Ms. Thomas held roles including Corporate Associate at Schulte Roth & Zabel LLP, and Corporate Associate at Jones Day. She earned her Juris Doctor degree from Howard University School of Law and holds a Bachelor of Fine Arts degree from Southern Methodist University.
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