Marijuana Minute: Weekly News Recap

CV Sciences, Inc. Expands Retail Store Count of its Industry-Dominating Brand, PlusCBD Oil,™ in the Natural Products Industry

LAS VEGAS, July 17, 2018 (GLOBE NEWSWIRE) — CV Sciences, Inc. (OTCQB: CVSI), preeminent supplier and manufacturer of hemp-derived phytocannabinoids including cannabidiol (CBD) oil and developer of specialty pharmaceutical therapeutics, announced that its flagship brand, PlusCBD Oil,™ continues to expand its distribution in the natural, healthy, and organic industry.  The Company today announced that its brand of #1 selling hemp CBD products (according to SPINS® scan data) are currently available in 1968 natural and organic health food stores as of June 30, 2018.  This represents an 11.1% sequential increase over the Company’s retail store count as of March 31, 2018.

“We continue to expand distribution in the natural/organic health food store sales channel with an 11.1% increase in store count when compared to Q1 2018,” stated Joseph Dowling, Chief Executive Officer at CV Sciences.  “Our retail channel expansion, along with increased industry forecasts of hemp CBD products, are positive indicators for Company growth.”

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Aphria plans for global cannabis leadership with international expansion acquiring leading assets in Latin America and the Caribbean

LEAMINGTON, ONJuly 17, 2018 /CNW/ – Aphria Inc. (“Aphria” or the “Company“) (TSX: APH and OTCQB: APHQF) is proud to announce the Company’s planned expansion into Latin America and the Caribbean with the proposed acquisition of industry-leading companies in ColombiaArgentinaJamaica and a right of first offer and refusal in respect of Brazilthrough a definitive share purchase agreement (the “Agreement“) with Scythian Biosciences Inc. (“Scythian“). Aphria will acquire 100% of the issued and outstanding common shares of LATAM Holdings Inc. (“LATAM Holdings“), a direct, wholly-owned subsidiary of Scythian (collectively, the “Transaction“).

Highlights of the Transaction include:

  • Solidifies Aphria’s leadership position in the global cannabis industry
  • Provides Aphria with world class assets in the most advanced regulatory jurisdictions across LATAM and Caribbeanmarkets, from which it can further grow and expand its international operations
  • Strengthens Aphria’s leading international management team with the addition of proven local LATAM and Caribbean executives
  • Establishes Aphria’s presence in the most advanced strategic market in South AmericaColombia
  • Gains first mover advantage in Argentina for eventual in country cultivation
  • Acquires market leadership in Jamaica with the only producing Tier 3 cultivator license in the country
  • Yields strategic rights to potentially expand into Brazil, the largest population in South America
  • Delivers accretive cash flow beginning in calendar 2019

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Cronos Group Inc. to Hold Second Quarter 2018 Earnings Conference Call

TORONTOJuly 17, 2018 /CNW/ – Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) (Cronos Group” or the “Company“), a geographically diversified and vertically integrated cannabis group, will announce its financial results and hold its Second Quarter 2018 Earnings Conference Call on Tuesday, August 14, 2018at 8:30 a.m. EDT. Senior management will be available for questions from the investment community after prepared remarks.

A live audio webcast of the earnings call will be available on the Company’s website at Participants may also listen via telephone by dialing 647-427-7450 if calling from Canada, or 1-888-231-8191 if dialing from outside Canada. The call will be archived on the Company’s website for replay.

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The Green Organic Dutchman and Epican Open Flagship Retail Dispensary in Jamaica

KINGSTON, Jamaica, July 17, 2018 (GLOBE NEWSWIRE) — The Green Organic Dutchman Holdings Ltd. (the “Company” or “TGOD”) (TSX: TGOD, OTCQX: TGODF) is pleased to announce, in conjunction with Epican Medicinals (“Epican”), the successful opening of its first legal cannabis retail store in Jamaica, on Saturday, July 14th. This flagship location provides Epican and TGOD with immediate revenue from the sale of premium Jamaican grown organic cannabis and further exemplifies TGOD’s value-added approach to partnerships.

The ~4,000 sq. ft. flagship dispensary in Kingston represents the first of several Epican Herb Houses scheduled to be completed across Jamaica by the end of 2018. These locations will serve the medical needs of Jamaica’s 3 million residents and over 3.5 million visitors each year.

“Immediate revenue has always been an important component of Epican business plan,” said TGOD CEO, Brian Athaide. “We expect Epican to increase revenues significantly in the coming months as production increases and more Herb Houses come online.”

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High Hampton Engages Leading Global Greenhouse Design Firm Aurora Larssen Projects Inc. for Design and Support of CoachellaGro Cannabis Cultivation Facility

TORONTO and EDMONTONJuly 16, 2018 /CNW/ – High Hampton Holdings Corp. (CSE: HC) (“High Hampton”) and Aurora Cannabis Inc. (“Aurora”) (TSX: ACB) (OTCQB: ACBFF) (Frankfurt: 21P; WKN: A1C4WM) are pleased to announce that High Hampton has engaged with globally leading hybrid greenhouse engineering and design consultancy Aurora Larssen Projects Inc. (“ALPS”), a wholly owned subsidiary of Aurora, for the design of its cannabis cultivation facility at CoachellaGro, near Palm Springs, California. With the recently awarded Conditional Use Permit (CUP) (see High Hampton press releases from May 3 and June 7, 2018), High Hampton now enters an active construction phase at CoachellaGro, and ALPS will advise the Company on aspects of design, engineering and the construction of its facilities.

Larssen Ltd (“Larssen”), now ALPS, was acquired by Aurora as a dedicated hybrid greenhouse design and consulting arm for its global operations. Led by renowned engineer Thomas Larssen, ALPS has set the industry standard in high-tech, automated, environmentally controlled cultivation facilities for over 30 years and excels in the successful implementation of cutting-edge automation features, and proprietary design characteristics that generate exceptional yields, as well as the use of advanced energy efficient materials and technologies. Larssen has been involved with over 1,000 projects around the globe, including Aurora Sky, a high-technology, 800,000 square feet, 100,000 kg per annum, low production cost hybrid facility, and is currently engaged with over 15 cannabis industry clients globally, including 5 Canadian licensed producers.

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Aurora Cannabis Selects Shopify to Power Global ECommerce Platform

EDMONTONJuly 16, 2018 /CNW/ – Aurora Cannabis Inc. (“Aurora” or the “Company”) (TSX: ACB) (OTCQX: ACBFF) (Frankfurt: 21P; WKN: A1C4WM) announced today that it has reached an agreement with Shopify Inc. (“Shopify”), one of the world’s leading multi-channel, online commerce companies, to leverage the Shopify platform as Aurora’s ecommerce engine for medical and recreational cannabis distribution globally.

Working closely with Aurora Cannabis’ industry-leading software engineering team, Shopify will assist in transitioning Aurora’s current ecommerce site to a new, Shopify-developed platform, improving the customer experience for Aurora’s current medical and future adult consumer use customers. One of the key benefits of the Shopify platform is its rapid and seamless scalability as Aurora executes on its domestic and international expansion strategy.

“Selecting Shopify allows Aurora to bring a world-class ecommerce solution to our patients and future adult consumer use customers,” said Darryl Vleeming, CIO of Aurora Cannabis Inc. “Shopify’s unique, industry leading platform provides a safe, secure and flexible ecommerce site that we can build on as we execute our global growth initiatives and enter new markets.”

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