Delta, Kelowna, BC – August 26, 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.
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Investor Ideas Potcasts, Cannabis News and Stocks on the Move; Episode 460 (CSE: EASY) (NASDAQ: GNLN) (NASDAQ: VFF) (TSX: VFF)
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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.
Summer at Rock Creek, to date, has been warm and dry allowing the plants to enjoy an uninterrupted period of vigorous growth. With planting completed since mid-July, SpeakEasy has shifted its focus to preparations for harvest which is expected to begin in a few short weeks. Founder Marc Geen, states “I am happy to report that plants are looking very green and healthy. The team is busy preparing for the harvest this fall which we believe will be one of the largest single legal outdoor cannabis harvests in Canada ever, and the excitement around here is palpable.”
Summer 2020 in southern B.C. has lived up to its reputation so far, delivering long hot dry days with plenty of sunshine, a great combination for growing strong healthy plants. With our incredible genetics and perfect climate, SpeakEasy expects a bumper crop starting early this fall.
In approximately five weeks, the harvest will begin. Free from any ailments at this stage, the plants look beautiful and healthy. Bud production is in full swing and coming along on schedule. The use of three different cannabis varieties and three different planting styles will extend the duration of harvest, allowing us to have a manageable amount of daily harvest. Marc Geen states, “Bud development is progressing very well and the pungent aroma of spicy fruit is filling the air. For any farmer, the harvest season is always exciting, a year’s worth of effort finally paying off and the worry of having a crop in the field finally coming in is a huge relief. The ten thousand things all having to happen and happen at the right time to have a successful crop is a daunting task looking at them from the beginning of the season but walking through the field, seeing the fruits of all our labour makes every long day, late night, struggle, frustration, bruise and blister all worth it. I wish everyone could experience a stroll through a blooming, sweet smelling cannabis field on a warm, late summers evening, it is truly magical.”
With market conditions changing and growing as consumers become more discerning, the importance of SpeakEasy’s outdoor crop becomes clearer. The bulk of the outdoor crop is perfect for creating concentrates and value-added products, a fast-growing segment in the Canadian market. “The high quality, cost effective input material we will have in a few short weeks is only possible because of our climate, genetics and knowledgeable growers that put it all together. We believe that this material will allow us to enter into any segment of the market with a price and quality advantage.” stated Founder, Marc Geen.
The importance of securing sales contracts is paramount to any company in this sector and it is of high importance here at SpeakEasy. Quality, consistency, unique flower strains and products are what consumers are after in this ever more competitive industry and SpeakEasy has been addressing those demands from the beginning. As the industry matures, it becomes more clear why we have been on this path from day one, starting with a huge library of genetics, selecting growers with a track record of success, building facilities to those growers’ specifications, bringing in extraction capabilities and experts to apply their trade and of course the massive outdoor operation. All of these things designed specifically to provide exactly what the consumer wants.
Ikanik Farms, Inc. wholly owned Colombian subsidiary of the Company, Pideka SAS announced the results of its COVID-19 study conducted by a third party laboratory, using agronomically certified genetics cultivated in “Casa Flores”, the Pideka’s state-of-the-art cannabis camp located in Colombia.
“We are pleased to announce the results of our COVID- 19 study and the positive implications to the virus replication cycle,” said Brian Baca, CEO of Ikanik Farms.
The company provided University of Antioquia’s (“UdeA”) Immunovirology Group with samples from multiple agronomically certified strains cultivated at Casa Flores. The analysis was conducted by “UdeA” and concluded the strains inhibited up to 62.5% of SARS-CoV-2.
The testing was conducted by UdeA’s Immunovirology Group in their A1 Biosafe laboratory to determine the antiviral activity of cannabinoids and the SARS-VoC-2 isolated virus. The University carried out two groups of experiments, following the international methodology used to determine the antiviral effect of compounds for the mitigation of SARS-CoV-2.
In the first group of experiments, the optimal dose of the derivatives in which the viability of healthy cells grown in VERO E6 culture medium obtained, was determined to be above international standards of 20% acceptance of cytotoxicity, experimentation with cannabis products, sought for 100% normal cell viability.
In the second group of experiments, the antiviral activity of cannabis derivatives on the SARS-CoV-2 virus was established, applying the preventive and optimal dose of the products obtained in the cytotoxicity experiments. Negative and positive controls were implemented, serving to correct the ANTIVIRAL effect of cannabis derivatives by plating testing. The SARS-CoV-2 viral titer was determined after treatment with cannabis, measuring the reduction resulting from the cannabis derivatives. The title obtained was 4.2×106 UFP (plate forming units) /mL. A microbiological test was also conducted on the provided samples and showed no presence of pathogenic fungi or bacteria, which is a requirement as set forth by European Pharmacopoeia, Europe’s legal and scientific benchmark for pharmacopoeia standards.
“We are excited to collaborate with UdeA, as the first academic institution in Colombia to isolate the virus. We will continue our research internationally in hopes to discover a viable cannabinoid solution for the current global crisis,” said Borja Sanz de Madrid, President of Ikanik International.
Village Farms International, inc. (NASDAQ: VFF) (TSX: VFF) announced that its majority-owned joint venture for large-scale, low-cost, high-quality cannabis production, Pure Sunfarms, has begun shipping its first Cannabis 2.0 and bottled oil products. Shipments will initially be to British Columbia, with shipments to Ontario and Alberta planned to begin shortly.
“At Pure Sunfarms, flower is at the core of what we do. It’s our growing experience and our commitment to quality that has really inspired our evolution into Cannabis 2.0,” said Mandesh Dosanjh, President & CEO, Pure Sunfarms. “All Pure Sunfarms’ vape and oil products are made from our naturally-grown, signature strains, always using the best parts of the flower, to provide a safe and smooth experience from start to finish.”
Mr. Dosanjh added, “Pure Sunfarms has taken a pragmatic, thoughtful and measured approach to our product strategy, first establishing a commanding position in the dried flower market, and then leveraging our brand, reputation and experience to enter new, large, higher value product categories. Vapes have already become the second largest category with the Ontario Cannabis Store after dried flower, and bottled oils are the fourth largest category with the OCS after dried flower, vapes and pre-rolls.”
“For three consecutive quarters – since first launching its branded retail products last September – Pure Sunfarms has had the leading market share of all dried flower brands in Canada’s largest provincial market, Ontario,” said Michael DeGiglio, Chief Executive Officer, Village Farms. “Pure Sunfarms will bring the same winning value proposition that underpins that performance – high-quality products that consumers want at an attractive price – to its Cannabis 2.0 and bottled oil products, and we are confident consumers will embrace these new products as enthusiastically as they have Pure Sunfarms’ dried flower products. Pure Sunfarms’ goal is to be the number one or number two brand in every product category that is entered.”
“As the low-cost greenhouse producer in Canada, with a focus on continuously elevating quality, Pure Sunfarms has a significant pricing advantage in the market, which we expect will continue to not only drive market share in the legal market but also enable the company to continue to lead the Canadian cannabis industry in the conversion of the illicit market, which still comprises the vast majority of consumer purchases. Also, the addition of these high value products is expected to enhance Pure Sunfarms’ already very healthy gross margin going forward, especially when the company begins its own extraction operations, which are ready for start up and subject only to Health Canada licensing, expected in the months ahead.”
Pure Sunfarms’ vape cartridges feature full spectrum extract, which preserves the cannabinoids and terpenes from the original flower and maintains the aromas and flavors true to cultivar. Pure Sunfarms’ Full Spectrum Vapes feature 0.5g of single-strain, BC-grown cannabis extract, and are available in three of their best-selling strains: Afghan Kush, White Rhino, and Island Honey. Each vape cartridge is fitted with a ceramic mouthpiece, features a glass tank, ceramic heating coil, and is compatible with a standard 510 thread cartridge battery.
Pure Sunfarms’ Pure Sun CBD Oil is made purely with BC-grown, whole flower Pure Sun CBD cultivar (aka Cannatonic), hand-selected for its unique potential to produce consistently CBD-rich flowers. Pure Sun CBD Oil comes in a 30mL amber bottle, and is available in both a 1:10 or 1:30 THC:CBD formulation so consumers can customize their CBD experience to meet their individual needs.
Greenlane Holdings, Inc. (NASDAQ: GNLN), one of the largest global sellers of premium cannabis accessories, child-resistant packaging, supply and specialty vaporization products, announced the launch of one of the first responsibly sourced, machine manufactured pre-rolled cones on the market.
Greenlane’s new line of pre-rolled cones are available in three different cone blends: Rice, Natural Brown, and Organic Hemp. The cones are made with the highest quality, organically-sourced paper exclusively processed in France and sealed with 100% natural Arabic gum. The cones come in three sizes, including 1 1/4, Slim and King.
Unlike other cones on the market, which are rolled by hand, Greenlane’s pre-rolled cones are made with patent-pending proprietary precision manufacturing machinery. This modern manufacturing technique offers many advantages including increased production efficiency and economies of scale. It also ensures the precise construction of each cone, resulting in less gum and overage on the flap seam. Greenlane cones use paper material manufactured in an ISO 9000-compliant facility using responsibly-sourced materials and adhering to stringent manufacturing standards, all while ensuring quality and competitive pricing.
Greenlane’s pre-rolled cones are exclusively available through bulk orders and can be delivered in two to six weeks, depending on volume. Cones are customizable to the needs of each individual brand with full color CMYK printing available on the crutch.
“After a considerable amount of R&D, Greenlane is proud to introduce one of the most precise and high-quality pre-rolled cones to the market,” said Aaron LoCascio, Co-Founder and CEO of Greenlane Holdings. “We remain committed to providing trustworthy and innovative products that will enhance the cannabis consumption experience for our diverse array of customers.”
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