Delta, Kelowna, BC – April 23, 2021 (Investorideas.com Newswire) www.Investorideas.com, a worldwide information supply protecting main sectors together with marijuana and hemp shares and its potcast web site, www.potcasts.ca launch at present’s podcast version of hashish information and shares to look at plus perception from thought leaders and consultants.
Hearken to the podcast:
Investor Concepts Potcasts #556, Hashish Information and Shares on the Transfer; (CSE: XTRX), (CSE: MEDI), (CSE: IKNK.U) (TSXV: HITI) (OTCQB: HITIF)
At this time’s podcast overview/transcript:
Good afternoon and welcome to a different episode of Investorideas.com “Potcast” that includes hashish information, shares to look at in addition to insights from thought leaders and consultants.
At this time’s podcast is sponsored by Phyto Extractions Inc. (CSE:XTRX), an agricultural-scale hashish extraction, distillation and product producer positioned in Langley, BC at its co-located Well being Canada Licensed Customary Processing (extraction, no cultivation), Gross sales (extracts, topicals, and edibles) via Adastra Labs Inc. and Analytical Testing Laboratory via Chemia Analytics Inc. Adastra Labs additionally has a pending Well being Canada R&D license modification.
In at present’s podcast we have a look at a couple of personal and public firm bulletins.
Myconic Capital Corp. (previously, Auralite Investments Inc.) (CSE: MEDI) announced that it has entered right into a letter of intent to accumulate 100% of all issued and excellent shares of Built-in Rehab and Efficiency Ltd. (“IRP”). Based mostly in Victoria, BC, IRP operates Canada’s first and solely multidisciplinary bodily remedy clinic completely for sufferers who’re previous or current personnel of the Canadian Armed Forces or Royal Canadian Mounted Police, and first responders (e.g., firefighters, legislation enforcement officers, paramedics, EMTs, and so on.).
Below the association contemplated within the LOI, IRP’s follow would increase with the addition of latest clinics in British Columbia, in addition to the introduction of ketamine remedies to IRP’s choices to its sufferers. IRP’s principal facility is positioned close to the Westshore City Centre in Victoria, BC, with service choices together with: physiatry; occupational remedy; physiotherapy; kinesiology; therapeutic massage remedy; and vitamin. The clinic’s strategy is to determine a 12-week enchancment plan for every of its sufferers by holistically assessing present and potential areas of concern and formulating a goal-oriented technique . IRP is an authorised healthcare service supplier of Veterans Affairs Canada (VAC) via its claims administrator Medavie Blue Cross.
Extra details about IRP might be discovered on its web site: https://veteranrehabandperform.com/
MEDI intends to help IRP with the potential addition of psychedelic-assisted remedies, together with ketamine assisted psychotherapy to its vary of therapies, topic to required compassionate and Well being Canada exemptions. A number of clinics in america, a few of that are additionally pending acquisition by MEDI as introduced in current press releases, have begun providing ketamine infusions to deal with situations resembling melancholy and post-traumatic stress dysfunction (PTSD). In a 2019 CBC Radio phase, the potential use of ketamine to revive synaptic connections within the mind eroded by stress was explored by medical consultants, together with related advantages which might be had via the administration of different psychedelics (e.g., LSD, psilocybin).
“There’s appreciable use-case of psychedelic-assisted remedies within the Canadian healthcare ecosystem. IRP has accomplished an incredible job in offering specialised wellness companies for veteran and first responder sufferers in British Columbia. We look ahead to partnering with IRP to introduce progressive therapy choices and increase its community as they proceed to enhance high quality of life for sufferers who make invaluable contributions to Canadian society.” Robert Meister, CEO, commented, “As Canada continues to be a pacesetter in alternative-medicines and coverings, our aim is to aggressively pursue Part 56 exemptions for veteran sufferers of IRP, so as to have the ability to provide entry to psychedelic assisted remedy as an addition to their present therapy plans. IRP sufferers ought to have each proper to entry main medicines which might be proving to be transformational and therapeutic by nature.”
Pursuant to the LOI, MEDI would purchase 100% of IRP’s issued and excellent shares in change for $1,000,000, payable in frequent shares within the capital of the Firm (the “Consideration Shares”). The Consideration Shares shall be issued on the date that the transaction closes (the “Closing Date”) and shall be topic to a voluntary lockup for a interval of 18 months, launched to the Vendor as follows:
- 5 (5%) p.c can be freely tradable on the Closing Date; and
- fifteen and eighty-three hundredths (15.83%) p.c launched quarterly over six quarters from the Closing Date.
Moreover, the LOI offers for a collection of bonuses payable in frequent shares of MEDI (the “Milestone Shares”) upon IRP efficiently reaching sure milestones, as outlined beneath.
The Consideration Shares and Milestone Shares shall be issued primarily based on the quantity weighted common buying and selling value (VWAP) of the Firm’s frequent shares for the ten days previous the Closing Date or the date on which the shares are earned, because the case could also be. All Milestone Shares can be topic to a mandated buying and selling restriction interval of 4 months and in the future following issuance of such shares.
As a situation of closing the acquisition, IRP’s present Chief Government Officer, Steven Inglefield, will stay in his present place on a two-year contract commencing on the Closing Date, with an choice to increase on the Firm’s election. The manager contract shall moreover include a typical non-compete clause, the grant of 200,000 inventory choices of MEDI, and a ten% money bonus payable on annual internet revenue.
“We’re thrilled to be collaborating with Myconic Capital, whereas offering progressive options to efficiently enhance the present care plans for navy veterans, first responders and their households,” Steven Inglefield, CEO, IRP acknowledged. “This strategic partnership permits us to leverage the platform and serves as a catalyst for R&P’s development throughout Canada, because it enters into new markets and areas of therapy. As we proceed to foster present relationships with affected person advocacy teams, we’re assured our developments with therapy plans will permit for additional choices for these coping with trauma and psychological well being challenges.”
The completion of the acquisition is topic to phrases and situations which embody however are usually not restricted to the execution of a definitive settlement, completion of passable due diligence, the supply and passable evaluation of the monetary statements of IRP, and the approval of the transaction by the boards of administrators of every of MEDI and IRP.
Ikanik Farms, Inc. (CSE: IKNK.U) announced that its wholly owned, Colombian subsidiary Pideka SAS (“Pideka”), has accomplished the registration and commercialization strategy of six cannabis-based beauty merchandise via the Nationwide Institute of Drug and Meals Surveillance (INVIMA), the governing physique in Colombia accountable new product registrations.
“We’re excited to open the door to a number of international locations concurrent with our product registrations and look ahead to higher serving the Latin American markets within the close to future.” mentioned Brian Baca, CEO of Ikanik Farms.
The product suite is comprised of beauty merchandise and gives skincare advantages, utilizing the distinctive useful properties of hashish derived oil. All merchandise are designed with plant-derived oils and cultivated below strict high quality and management requirements, fortified with natural and pure substances to maximise the impact of the precise product and its goal.
The merchandise are medically licensed in three further Latin American international locations via the Colombian registration, opening the door for future product recognition and registration within the collaborating member international locations of the Andean Pact, which incorporates Bolivia, Colombia, Ecuador and Peru. The Andean Pact accelerates the Firm’s capability to open a number of markets via a singular, unified registration.
“We’re proud to have accomplished this main milestone and have positioned ourselves to be a pacesetter and cornerstone of product high quality inside the international market, with an preliminary emphasis in Latin America and Europe.” mentioned Borja Sanz de Madrid, President of Ikanik Farms Worldwide, Inc.
Excessive Tide Inc. (TSXV: HITI) (OTCQB: HITIF), a retail-focused hashish company enhanced by the manufacturing and distribution of consumption equipment, announced roughly (CAD) $775,000 in complete retail gross revenues (“Whole Gross sales”) throughout all platforms on April 20, 2021 (4/20), representing an 80% improve from the earlier Tuesday. The Firm’s Canadian bricks and mortar shops reported a 51% improve, whereas gross sales throughout its three e-commerce platforms, grasscity.com, smokecartel.com and cbdcity.com reported a rise of 201% p.c over the earlier Tuesday.
“We at Excessive Tide have by no means forgotten our humble beginnings and the shoppers who’ve helped us develop from one small smoke store into a global hashish firm working 84 retail shops throughout Canada and two of the world’s main e-commerce platforms for consumption equipment,” mentioned Raj Grover, President and Chief Government Officer. “Our dedication to hashish tradition and the hashish group is deeply rooted in every little thing we do as an organization. I am thrilled to see that our loyal prospects have as soon as once more delivered a file breaking 4/20 gross sales determine regardless of pandemic associated restrictions in lots of jurisdictions,” added Mr. Grover.
Phyto Extractions Inc. (previously, Adastra Labs Holdings Ltd.) (CSE:XTRX) announced that it has obtained its R&D license addendum in Adastra Labs Inc. that can allow some restricted human testing by licensed researchers administering or distributing hashish to human analysis topics utilizing hashish obtained from a holder of a license for processing within the closing type of hashish.
This R&D license addendum will allow the Firm to conduct in-house human testing for style of varied hashish merchandise for evaluation of style, sights, odor, or contact of hashish.
“We look ahead to initiating human-studies and producing precious consumer-based information to help our product growth pipeline and proceed delivering high-quality efficacious hashish merchandise to Canadians.” Said Dr. Kyle Boniface, PhD.”
As soon as once more, at present’s podcast is sponsored by Phyto Extractions Inc. (CSE:XTRX), an agricultural-scale hashish extraction, distillation and product producer positioned in Langley, BC at its co-located Well being Canada Licensed Customary Processing (extraction, no cultivation), Gross sales (extracts, topicals, and edibles) via Adastra Labs Inc. and Analytical Testing Laboratory via Chemia Analytics Inc. Adastra Labs additionally has a pending Well being Canada R&D license modification.
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