EnWave Announces Changes to its Equipment Purchase Agreement with The Green Organic Dutchman
EnWave Corporation (TSX-V:ENW | FSE:E4U) ("EnWave", or the "Company") announced today that it has agreed to modify its Equipment Purchase Agreement with Medican Organic Inc., a subsidiary of The Green Organic Dutchman Holdings Ltd. (TSX:TGOD) ("TGOD"), that was previously announced on March 26, 2019 (the "Purchase Agreement"). Under the terms of the original Purchase Agreement, TGOD purchased three 120kW Radiant Energy Vacuum ("REV(TM)" ) machines equipped with Optional Support Equipment and Robotic Arms for installation at its Valleyfield, Quebec facility. At the request of TGOD, due to its revised processing requirements and a phasing of the Valleyfield facility buildout, the capacity of REV(TM) machinery to be delivered to TGOD has been reduced to a single 120kW REV(TM) machine with an Optional Support Equipment and Robotic Arm system. TGOD has already taken possession of a 60kW REV(TM) machine for processing at its Ancaster, Ontario facility, which is slated for commissioning in the coming months.
Cannabis Investors are Quickly Eyeing Big Opportunity in Europe
Europe may soon surpass the U.S. with regards to cannabis, says International Cannabis Conference (ICBC) founder, Alex Rogers, as noted by Leafly. "Luxembourg is about to legalize, Switzerland is about to legalize. Germany is only three to five years away from legalization. The European market is going to be bigger than the US market, one day," he says. Plus, according to market research firm, Reportlinker, "cannabinoid testing in Europe is likely to have a positive impact on the growth of the Europe cannabis testing market in the coming years. The growing number of countries are adopting medical cannabis laws but the governmental officials are rare that encouraging healthcare professionals to become educated about cannabis plant medicines." That's creating sizable opportunity for companies including Terrace Global Inc. (TSX-V:TRCE), The Green Organic Dutchman (TSX:TGOD)(OTCQX:TGODF), PharmaCielo Ltd. (OTCQX:PCLOF)(TSX-V:PCLO), Tilray Inc. (NASDAQ:TLRY), and Aphria Inc. (NYSE:APHA)(TSX:APHA).
CBD Edibles Companies are Struggling to Keep up With Consumer Demand
Thanks to Cannabis 2.0, companies are selling out of CBD edibles - and fast. So much so,the Toronto Sun refers to it as "Edibles Madness." The Ontario Cannabis Store website, for example, saw so much demand, the site crashed several times, while soft-chew items like gummies sold out in less than a half hour. Better,analysts at Deloitte, "The edibles market alone is estimated to be worth at least $1.6 billion a year in Canada, with cannabis-infused beverages adding a further $529 million," said Jennifer Lee, a partner and Deloitte Canada's Cannabis National Leader, and Consumer Advisory and Analytics Practice National Leader. "According to our research and stakeholder interviews, much of this economic boost will be on top of current cannabis product spending. The introduction of cannabis-infused edibles will clearly threaten the alcohol industry as consumers are using the product for similar usage occasions." That's opening a wide range of opportunity for companies including Naturally Splendid Enterprises Ltd. (TSX-V:NSP)(OTCQB:NSPDF), The Green Organic Dutchman Holdings Ltd. (TSX:TGOD)(OTCQX:TGODF), Curaleaf Holdings Inc. (CSE:CURA)(OTCQX:CURLF), Green Thumb Industries Inc. (CSE:GTII) (OTCQX:GTBIF), and Green Growth Brands Inc. (CSE:GGB)(OTCQB:GGBXF).
Congress will Again Debate Federal Marijuana Legalization this Week
Cannabis is back in Congress. Just months after the House Judiciary Committee approved the Marijuana Opportunity Reinvestment and Expungement (MORE) Act, cannabis legalization will be the subject of another debate in and Commerce Subcommittee, reports Marijuana Moment. "As public opinion continues to evolve and cannabis policies change at all levels of government, it's important to bring federal agency officials together to discuss current and future federal cannabis policies," Energy and Commerce Chairman Frank Pallone (D-NJ) and Health Subcommittee Chairwoman Anna Eshoo said. "We're particularly interested in examining the implications of changing marijuana's schedule listing, the potential of cannabis research, and federal efforts to review and approve cannabidiol products." As excitement builds for potential rescheduling, it's creating sizable opportunity for companies including Terrace Global Inc. (TSX-V:TRCE), OrganiGram Holdings Inc. (NASDAQ:OGI)(TSX-V:OGI), The Green Organic Dutchman (TSX:TGOD)(OTCQX:TGODF), Canopy Growth Corporation (TSX:WEED)(NYSE:CGC), and Charlotte's Web Holdings Inc. (OTCQX:CWBHF) (CSE:CWEB).
The Green Organic Dutchman Announces Executive Leadership Consolidation
TORONTO , Jan. 9, 2020 /PRNewswire/ - The Green Organic Dutchman Holdings Ltd. (the "Company" or "TGOD") (TSX:TGOD) (US:TGODF), a leading producer of premium certified organic cannabis, today announced changes to streamline its leadership structure.
IIROC Trade Resumption - TGOD.WS
TORONTO , Dec. 19, 2019 /CNW/ - Trading resumes in:
IIROC Trading Halt - TGOD.WS
TORONTO , Dec. 19, 2019 /CNW/ - The following issues have been halted by IIROC:
Cannabis Infused Market Projected to Reach $17.27 Billion By 2022
It seems that every new report on projected revenues in the cannabis markets, global and U.S and North America, all seem to agree on one thing: The cannabidiol (CBD) revolution will continue to rise. An industry insider, Technavio, who has been monitoring the global cannabis-infused edible products market, recently projected that the market is poised to grow by USD $17.27 billion during 2018-2022 at a CAGR of over 25% during the forecast period. The market is driven by the growing social acceptance of cannabis. In addition, the increasing number of countries decriminalizing cannabis is anticipated to further boost the growth of the cannabis-infused edible products market. As consumers accept, and even demand more CBD products, the future is projected to continue to rise in years to come. The Technavio report said: "The cannabis industry has emerged as lucrative business segment with immense potential for market growth and is attracting many new vendors and large investors. This is due to the increasing social acceptance of recreational marijuana and cannabis-infused edible products across different regions. This has not only increased the sales and revenues of major corporations but has also significantly added to the income of several governments. Vendors are witnessing an increase in the growth opportunities in businesses involving cannabis-infused edible products such as brownies, ice creams, and chocolates. Thus, the growing social acceptance of cannabis is expected to drive market growth during the forecast period." Active Companies from around the market with current developments this week include: Singlepoint, Inc. (OTCQB: SING), Medical Marijuana, Inc. (OTCPK: MJNA), mCig, Inc. (OTCPK: MCIG), Canopy Growth Corporation (NYSE: CGC) (TSX: WEED), The Green Organic Dutchman Holdings Ltd. (OTCQX: TGODF) (TSX: TGOD).