Investor Ideas Potcasts #603, Cannabis News and Stocks on the Move (TSX: VLNS) (OTCQX: VLNCF), (CSE: BHSC), (TSXV: N) (OTC: NXTTF)
Delta, Kelowna, BC - September 9, 2021 (Investorideas.com Newswire) a global news source covering leading sectors including marijuana and hemp stocks and its potcast site, release today's podcast edition of cannabis news and stocks to watch plus insight from thought leaders and experts.
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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 public and private company announcements.
The Valens Company Inc. (TSX: VLNS ) (OTCQX: VLNCF ) today announced a white label partnership with Fire & Flower Holdings Corp . (TSX: FAF ) (OTCQX: FFLWF ), a leading, technology-powered, cannabis retailer with over 90 corporate-owned stores in Alberta, British Columbia, Manitoba, Ontario, Saskatchewan, and Yukon Territory. Under the terms of the agreement, Valens will manufacture Fire & Flower's Revity CBD oil for distribution in Ontario, Manitoba, and Saskatchewan with the potential to expand into additional provincial and territorial markets where permitted and agreed.
Tyler Robson, Chief Executive Officer, Co-Founder and Chair of The Valens Company, said,
"Fire & Flower is one of the leading cannabis retailers in Canada with a wide reach in this rapidly growing market. We admire their focus on consumer education and best-in-class retailing and are proud to partner with them for the first time to get high-quality wellness-focused products in the hands of Canadian consumers. This strategic relationship allows us to strengthen and expand our wellness-focused manufacturing portfolio and provides the opportunity to further our partnership with one of the largest cannabis retailers in the country."
Revity CBD oil will be formulated with Valens' proprietary processing methods to remove impurities and bring distinct cannabinoids to the forefront of the consumer experience. Each product includes an integrated dispenser to ensure consistency with each use. The product focus of the Revity CBD line has been derived from key consumer insights in product formulation, target consumer segments, price and format in the Hifyre™ Digital Retail and Analytics Platform.
Trevor Fencott, Chief Executive Officer and President of Fire & Flower, added, "We are proud to introduce our Revity CBD Oil in partnership with Valens and are confident that they will meet the experience and quality expectations of Canadian consumers. Valens' proven manufacturing excellence and experience producing high-quality wellness products made them a clear choice to help us continue to supply the evolving CBD market in Canada."
BioHarvest Sciences Inc. (CSE: BHSC ) announced that the new manufacturing facility in Israel has successfully met the Israeli Ministry of Health's ISO9001 and ISO22000 (HACCP) certification requirements ahead of time. The ISO9001 certification covers internationally recognized standards for quality assurance and management, and the ISO22000 (HACCP) certification ensures that the required quality control and quality management systems are in place across the end-to-end manufacturing process to ensure the highest product safety levels. These 2 certifications are critical steps required prior to obtaining the GMP (Good Manufacturing Practices) certification from the Israeli Ministry of Health.
Despite the challenges caused by COVID19 to the global supply chain, this factory was built in 12 months. The facility will have the capacity to produce over 20 tons/year of VINIA® as well as other polyphenol-based products the Company has in its innovation pipeline. Pilot production of VINIA® in the new facility is expected to begin by the end of September 2021, and the capacity will be steadily increased each month to meet the growing demands of VINIA®'s D2C and B2B business in Israel, USA, and other global markets.
Kobi Rosenzweig, VP of Operations at BioHarvest Sciences, said, "I am delighted with the Company's ability to successfully pass the internationally recognized stringent quality requirements on its first attempt. Considering the speed at which this factory was built, this achievement is a testimony to the quality of the team and the ingenuity of the BioFarming technology. I thank our manufacturing partner Sugart and especially Ori Hahn, their CEO, for all the efforts exerted to deliver on such an aggressive schedule."
"The manufacturing arm of BioHarvest is an integral part of the Company's biotech vision," said Ilan Sobel, CEO of BioHarvest Sciences. "As a biotech innovator we will continue to develop and manufacture new products across multiple verticals. We have implemented the industrial manufacturing blueprint of our BioFarming technology in 12 months. This accomplishment gives me enormous confidence in our ability to scale our technology as we add on new verticals, (as in the case of Cannabis), and to build manufacturing plants closer to local markets such as North America, if required."
Namaste Technologies Inc. (TSXV: N ) (OTC: NXTTF ) announced a corporate update including that the board has approved a name change from Namaste Technologies Inc. Trading of the Company's common shares under its updated ticker symbol ("LFST") is expected to commence on the TSX Venture Exchange (the "TSXV"), at market opening on or about September 15, 2021.
"Lifeist seeks to be a bold and disruptive wellness company, striving to connect humanity with safe, innovative and often daring pathways to individual definitions of wellness," said Meni Morim, CEO of Lifeist. "The Lifeist rebrand speaks to 'Higher Living', resonating with a multi-billion dollar global market of consumers seeking to unlock their extraordinary. It's an exciting time for the Company and its continued evolution to wellness as we look forward to complimenting the Company's current portfolio of wellness of cannabis, hemp derived CBD and accessories, by delivering on our promise to establish a nutraceuticals division by the end of Q4, 2021."
Visit the Company's new website to learn more about Lifeist: .
Within the Lifeist portfolio of wellness interests lies the UK wellness website everyonedoesit.co.uk . Lifeist is pleased to announce expansion of its product offering to include hemp derived CBD products. Lifeist seeks to tap into the second largest global market for hemp-derived CBD estimated to generate £700 million in annual sales for 2021 according to the Association for the Cannabinoid Industry and Centre for Medicinal Cannabis.
Greenline POS , Canada's fully-compliant cannabis retail point-of-sale (POS) software, today announced a live menu integration with Weedmaps, a leading online listings marketplace for cannabis consumers and businesses.
Greenline's live menu integration will enable clients' product menus to be updated in real time on Weedmaps, eliminating pain points experienced with having to update multiple menus across platforms and resulting in a more seamless customer experience. To ensure that customers have the most up-to-date information, clients' POS menus will regularly be scanned to check for any recent changes. If any changes are detected, their Weedmaps menu will automatically be updated to be in sync with their POS menu.
"It is critical for cannabis retailers to have a wide-reaching digital presence to provide the best possible consumer experience." says Albert Kim, Chief Executive Officer of Greenline POS. "We're excited to work with Weedmaps to provide online menu functionality for all of our customers."
The integration will always be working in the background, but businesses will still have the capability to update their Weedmaps menu from the Weedmaps platform, allowing businesses to customize promotions and offerings for each platform. As well as managing menus, this integration will enable cannabis retailers to search brand catalogues and adjust pricing, product information, and product availability in real time.
"Inventory and menu management is a challenging task in the cannabis industry. Today's cannabis retailers must provide accurate product and pricing information, in real time for hundreds, if not thousands of menu items across multiple channels," says Justin Dean, Chief Technology Officer at Weedmaps. "By integrating Greenline technology with Weedmaps, our clients are able to optimize their inventory, provide a better customer experience, and allocate the time previously used for updating menus to growing their businesses."
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