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Bougainville Ventures $BOG.ca House Passes Bill that would Allow Banks to work with Cannabis Companies $CROP.ca $VP.ca NF.ca $MCOA

Posted by AGORACOM-JC at 7:11 AM on Friday, September 27th, 2019
  • Announced that The U.S. House of Representatives voted Wednesday to advance legislation that would allow banks to provide services to cannabis companies in states where it is legal.
  • By a vote of 321-103, lawmakers approved the bill, which now heads to the Senate.
  • The bill received nearly unanimous support from Democrats, as well as nearly half of all Republicans.

Vancouver, British Columbia–(September 27, 2019) – BOUGAINVILLE VENTURES INC. (CSE: BOG) (FSE: 8BV) (DEU: 8BV) (MUN: 8BV) (STU: 8BV) (“Bougainville” or the “Company”) is pleased to announce that The U.S. House of Representatives voted Wednesday to advance legislation that would allow banks to provide services to cannabis companies in states where it is legal.

By a vote of 321-103, lawmakers approved the bill, which now heads to the Senate. The bill received nearly unanimous support from Democrats, as well as nearly half of all Republicans.

The measure now heads to the Senate, where it faces an uncertain fate. Senate Banking Chairman Mike Crapo has said he wants to consider similar legislation in the coming months, but it is not clear if the full Senate will vote on such a measure, analysts say.

Some Republicans are wary of giving banks the green light to engage in marijuana business while it is still federally illegal. And some Democrats have said they would rather consider broader legislation around marijuana legalization or criminal justice reform rather than a targeted banking bill.

The bill clarifies that proceeds from legitimate cannabis businesses would not be considered illegal, and directs federal regulators to write up rules for how they would supervise such banking activity.

Banks have thrown their weight behind the legislation, telling lawmakers they need clarity on whether they can do business with cannabis companies where it is legal at the state level despite the fact that marijuana remains illegal in the eyes of the federal government.

“Our members are committed to serving the financial needs of their communities – including those that have voted to legalize cannabis,” said the American Bankers Association in a letter sent to lawmakers Tuesday seeking their support.

Thirty-three states allow for some form of legal cannabis use, but banks have by and large been unwilling to do business with companies that sell marijuana or related enterprises, out of concern they could run afoul of federal laws.

Source: https://www.reuters.com/article/us-usa-house-cannabis/house-passes-bill-that-would-allow-banks-to-work-with-cannabis-companies-idUSKBN1WA308

Andy Jagpal, President Comments:

“I’m confident that as soon as the US Senate passes the Bill to allow banks to lend to Cannabis Companies like ours, that the financing and expansion of our US projects will become easier to complete. The industry has come too far, so banking needs to happen. This Bill also aims to protect financial firms that service the hemp industry in Kentucky, the home state of Mitch McConnell, Senate Majority Leader.”

To learn more about what this news means to the shareholders visit https://marketnewsfirst.com/bog-news

About Bougainville Ventures, Inc.
Bougainville Ventures Inc. is dedicated to rapid growth in production, processing, retail and branding of cannabis and cannabis related products. Currently the company provides strategic capital to the thriving cannabis cultivation sector through ownership and development of commercial real estate properties. We offer fully built out turnkey facilities equipped with state-of-the-art growing infrastructure to cannabis growers and processors. Also, the Company is focused on building a strong presence in the hemp industry with the objective of extracting cannabinoids in both Canada and the United States. Along with our flagship Hemp project in Oregon State and the Greenhouse campus in Washington state, the Company has proprietary formulas for cannabis edibles, topical, and tinctures.

On behalf of the Board of Directors
BOUGAINVILLE VENTURES INC.

Andy Jagpal, President and Director

For further information, please contact Zoltan, IR Representative at: 604-722-0305 [email protected]. Or toll free at 1-877-517-7816

FORWARD LOOKING STATEMENTS: This news release contains certain forward-looking statements within the meaning of Canadian securities laws. Forward-looking statements are based on the expectations and opinions of the Company’s management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

No regulatory authority has approved or disapproved the information contained in this news release.

Bougainville Ventures $BOG.ca Signs LOI to Enter in to Funding and Asset Purchase Agreement up to 100% of ” Grounded #CBD ” Brand, Featured on Dragons Den. $CROP.ca $VP.ca NF.ca $MCOA

Posted by AGORACOM-JC at 7:09 AM on Thursday, September 26th, 2019
  • Signed a letter of intent to provide funding and to acquire up to 100% of the assets and inventory of Grind Bar Nutrition Products Ltd.
  • Grind Bar is CBD infused performance nutrition bars, made with real organic ingredients & Cannabinoid-focused natural health products under the “GROUNDED CBD” brand
  • Featured of the CBC show Dragons Den.

Vancouver, British Columbia–(September 26, 2019) – BOUGAINVILLE VENTURES INC. (CSE: BOG) (FSE: 8BV) (DEU: 8BV) (MUN: 8BV) (STU: 8BV) (“Bougainville” or the “Company”) is pleased to announce that it has signed a letter of intent (LOI) to provide funding and to acquire up to 100% of the assets and inventory of Grind Bar Nutrition Products Ltd. (Grind Bar). Grind Bar is CBD infused performance nutrition bars, made with real organic ingredients & Cannabinoid-focused natural health products under the “GROUNDED CBD” brand, which was featured of the CBC show Dragons Den.

Final evaluation will be determined by an independent third party evaluator, which is currently in progress. The Company will have the option to acquire up to 100% of Grind Bar assets and current inventory. The consideration is to be payable in such number of common shares in its share capital (“Consideration Shares”) at a per share price equal to the volume weighted average price of such shares on the Canadian Securities Exchange over a 15-day period ending on the day such Consideration Shares are required to be issued (“15 day VWAP”). The final percentage to be acquired will be determined in a Definitive Agreement entered into after completion of a 30 day due diligence period.

Grind Bar is CBD infused performance nutrition bars, made with real organic ingredients & Cannabinoid-focused natural health products under the “GROUNDED CBD” brand, which was featured of the CBC show Dragons Den. On season 9 of the hit CBC show “Dragons Den”, David Weale, of Grounded CBD from Vancouver, B.C ., was hoping to raise $150,000.00CDN form the Dragons for 20% of the business: https://www.cbc.ca/dragonsden/pitches/grounded-cbd

Andy Jagpal, President Comments:

“This LOI is another strategic move as this company enters the CBD natural health food market. Through our growth through acquisition strategy we are identifying companies that have begun the process of providing CBD products to the mass retail market, and need to partner with a company that can get them to the next milestone in their growth strategy. We look forward to working with the Grounded CBD team to bring high quality, innovative CBD infused products to market.”

To learn more about what this news means to the shareholders visit https://marketnewsfirst.com/bog-news, and you can view the Grounded CBD products on the company’s site. www.groundedcbd.com

About Bougainville Ventures, Inc.
Bougainville Ventures Inc. is dedicated to rapid growth in production, processing, retail and branding of cannabis and cannabis related products. Currently the company provides strategic capital to the thriving cannabis cultivation sector through ownership and development of commercial real estate properties. We offer fully built out turnkey facilities equipped with state-of-the-art growing infrastructure to cannabis growers and processors. Also, the Company is focused on building a strong presence in the hemp industry with the objective of extracting cannabinoids in both Canada and the United States. Along with our flagship Hemp project in Oregon State and the Greenhouse campus in Washington state, the Company has proprietary formulas for cannabis edibles, topical, and tinctures.

On behalf of the Board of Directors
BOUGAINVILLE VENTURES INC.

Andy Jagpal, President and Director

For further information, please contact Andy Jagpal at [email protected]. Please note that our Toll free number has changed to 1-877-517-7816.

FORWARD LOOKING STATEMENTS: This news release contains certain forward-looking statements within the meaning of Canadian securities laws. Forward-looking statements are based on the expectations and opinions of the Company’s management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

No regulatory authority has approved or disapproved the information contained in this news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/48152

Bougainville Ventures $BOG.ca Signs Definitive Agreement to enter into Funding and Asset Purchase Agreement of 39% with Thrive Nutrition Products Ltd. $CROP.ca $VP.ca NF.ca $MCOA

Posted by AGORACOM-JC at 6:52 AM on Tuesday, September 24th, 2019
  • Further to the letter of intent with Thrive Nutrition Products Ltd. announced in the Company news release dated August 6, 2019 Company signed a definitive agreement to complete the acquisition of Thrive Nutrition
  • The total consideration will consist of common shares of Bougainville equivalent to $819,000 CDN.

Vancouver, British Columbia–(September 24, 2019) – BOUGAINVILLE VENTURES INC. (CSE: BOG) (OTC Pink: BUGVF) (FSE: 8BV) (DEU: 8BV) (MUN: 8BV) (STU: 8BV) (“Bougainville” or the “Company”) is pleased to announce that further to the letter of intent (“LOI”) with Thrive Nutrition Products Ltd. (“Thrive Nutrition”) announced in the Company news release dated August 6, 2019 the Company signed a definitive agreement to complete the acquisition of Thrive Nutrition (“the Thrive Nutrition Transaction”). Thrive Wellness is a preeminent distributor of hemp & cannabinoid-focused natural health products under the “THRIVE WELLNESS” brand.

TERMS OF THE TRANSACTION

The total consideration will consist of common shares of Bougainville equivalent to $819,000 CDN. Subject to completion of the Thrive Wellness Transaction the board of directors of Bougainville will approve the Company to deliver the common shares of Bougainville to Thrive Nutrition, which will satisfy Bougainville’s obligation under the Thrive Nutrition Transaction. The consideration is to be payable in such number of common shares equivalent to $819,000 CDN in its share capital (“Consideration Shares”) at a per share price equal to the volume weighted average price of such shares on the Canadian Securities Exchange over a 15-day period ending on the day such Consideration Shares are required to be issued (“15 day VWAP”). The final evaluation was determined by an independent third party evaluator, which valued the business at $2,100 000 CDN. The Company will acquire 39% of Thrive Wellness assets and current inventory.

About Thrive Nutrition Products Ltd.

Thrive Wellness is a distributor of premium hemp and natural health products with operations currently in Canada and the USA. Thrive specializes in the development, marketing and distribution of cannabinoid products refined into their own natural health product brand. The company was founded in Vancouver, British Columbia and is the first of its kind with national retail distribution in Canada. Thrive has achieved $2,500,000 CDN in sales through retail distribution, its’ e-commerce website and their relationship with Nutrition House, Canada’s leading Natural Health Product franchise. Founded in 1979 the company began franchising in 1993 and now operates over 45 retail stores, located in high profile shopping centers across Canada, and in the USA. www.nutritionhouse.com

CEO, Andy Dhaliwal Comments:

“I am very excited to be joining the Bougainville team and happy to see the merger of our to companies happening at a time when the CBD market is set to explode. My objective is to have our two companies grow across multiple platforms in the CBD market, from oils, topical and drinks to fibers and eventually processing the many products derived from the Hemp plant.”

To learn more about what this news means to the shareholders visit https://marketnewsfirst.com/bog-news, as well as on the company’s site.

About the CBD Market

Bank of America projects a spend of $1.3 Billion on CBD in Canada by 2022, while $1.9 Billion is being spent in the USA currently, and another $4.4 Billion in Europe this year. Demand for CBD and Hemp is increasing year over year, with Merrill Lynch predicting an $11.5 Billion American market by 2032.

About Bougainville Ventures, Inc.

Bougainville Ventures Inc. is dedicated to rapid growth in production, processing, retail and branding of cannabis and cannabis related products. Currently the company provides strategic capital to the thriving cannabis cultivation sector through ownership and development of commercial real estate properties. We offer fully built out turnkey facilities equipped with state-of-the-art growing infrastructure to cannabis growers and processors. Also, the Company is focused on building a strong presence in the hemp industry with the objective of extracting cannabinoids in both Canada and the United States. Along with our flagship Hemp project in Oregon State and the Greenhouse campus in Washington state, the Company has proprietary formulas for cannabis edibles, topical, and tinctures.

On behalf of the Board of Directors
BOUGAINVILLE VENTURES INC.

Andy Jagpal, President and Director

For further information, please contact Zoltan, IR Representative at: 604-722-0305 [email protected]. Or toll free at 1-877-517-7816

www.thriveCBD.org

FORWARD LOOKING STATEMENTS: This news release contains certain forward-looking statements within the meaning of Canadian securities laws. Forward-looking statements are based on the expectations and opinions of the Company’s management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

No regulatory authority has approved or disapproved the information contained in this news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/47953

Bougainville Ventures $BOG.ca Oroville Campus Tenant Receives Production Approval, Signals Major Company Milestone $CROP.ca $VP.ca NF.ca $MCOA

Posted by AGORACOM-JC at 7:50 AM on Friday, September 13th, 2019
  • licensed I-502 tenant-grower for the Company’s Oroville Campus has received their final production approval from the Washington State Liquor Control Board (WSLCB) to commence operations.
  • This signals a major milestone for the Company and its obligation to our tenant-grower for a turnkey facility and more importantly to begin cash flow as early as the first quarter of next year.
  • The first 10,000 sq. ft. of a 30,000 sq. ft. Tier-3, I-502 production and processing license is already built. In addition to the 10,000 sq .

Vancouver, British Columbia–(September 13, 2019) – BOUGAINVILLE VENTURES INC. (CSE: BOG) (OTC Pink: BUGVF) (FSE: 8BV) (DEU: 8BV) (MUN: 8BV) (STU: 8BV) (“Bougainville” or the “Company”) is pleased to announce that further to its news release on July 25, 2019, that the licensed I-502 tenant-grower for the Company’s Oroville Campus has received their final production approval from the Washington State Liquor Control Board (WSLCB) to commence operations. This signals a major milestone for the Company and its obligation to our tenant-grower for a turnkey facility and more importantly to begin cash flow as early as the first quarter of next year. The first 10,000 sq. ft. of a 30,000 sq. ft. Tier-3, I-502 production and processing license is already built. In addition to the 10,000 sq. The tenant is licensed to build out up to 30,000 sq. ft and once fully built-out the facility will be able to house 3,000 plants. Further updates will be provided as they are made available.

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/6334/47763_6271dd4f2451181b_001.jpg



Figure 1: Oroville Campus

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/6334/47763_6271dd4f2451181b_001full.jpg

CEO, Andy Jagpal Comments:

“This is a major milestone as this was the project the company went public with and to see it come to fruition is a testament to the bougainville team and our relentless pursuit to follow through with our commitments.” To learn more about what this news means to the shareholders visit https://marketnewsfirst.com/bog-news, as well as on the company’s site.

About the Washington I-502 Marijuana Market

In November 2012, the Washington State Liquor Control Board (WSLCB) passed Initiative 502 (I-502) pursuant to a vote by the people of the State of Washington. I-502 authorized the WSLCB to regulate and tax recreational marijuana products for persons over twenty-one years of age and thereby created a new industry for growing, processing and selling of Washington State-regulated recreational marijuana products. A recent WSLCB commissioned report by the Rand organization suggests that there are currently up to 650,000 recreational marijuana users in Washington State, worth approximately $1.25 – $1.5 billion USD in annual sales.

About Bougainville Ventures, Inc.

Bougainville Ventures Inc. is dedicated to rapid growth in production, processing, retail and branding of cannabis and cannabis related products. Currently the company provides strategic capital to the thriving cannabis cultivation sector through ownership and development of commercial real estate properties. We offer fully built out turnkey facilities equipped with state-of-the-art growing infrastructure to cannabis growers and processors. Also, the Company is focused on building a strong presence in the hemp industry with the objective of extracting cannabinoids in both Canada and the United States. Along with our flagship Hemp project in Oregon State and the Greenhouse campus in Washington state, the Company has proprietary formulas for cannabis edibles, topical, and tinctures.

On behalf of the Board of Directors
BOUGAINVILLE VENTURES INC.

Andy Jagpal, President and Director

For further information, please contact Andy Jagpal at [email protected]. Please note that our Toll free number has changed to 1-877-517-7816.

FORWARD LOOKING STATEMENTS: This news release contains certain forward-looking statements within the meaning of Canadian securities laws. Forward-looking statements are based on the expectations and opinions of the Company’s management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

No regulatory authority has approved or disapproved the information contained in this news release.

Bougainville Ventures Inc $BOG.ca – #Hemp industry awaits new #USDA rules $CROP.ca $VP.ca NF.ca $MCOA

Posted by AGORACOM-JC at 10:59 AM on Thursday, August 29th, 2019
SPONSOR:  Bougainville Ventures Inc (CSE: BOG) provides strategic capital to the thriving cannabis cultivation sector through ownership and development of commercial real estate properties. The company also offers fully built out turnkey facilities equipped with state-of-the-art growing infrastructure to cannabis growers and processors. Click here for more info.

Hemp industry awaits new USDA rules

  • Hemp was decriminalized in the 2018 Farm Bill thanks to legislation sponsored by Wyden, fellow Oregon Democrat Jeff Merkley and Senate Majority Leader Mitch McConnell, R-Ky.
  • Wyden addressed the state of the hemp industry during a panel discussion Aug. 19 at the Western U.S. Hemp Growers Conference and Expo in Portland. He said Oregon is “at the epicenter of the enormous potential for the hemp in the country.”

By GEORGE PLAVEN

PORTLAND — New rules for growing and testing hemp are coming this fall from the USDA, and that has farmers anxious about establishing consistent standards for the booming crop.

U.S. Sen. Ron Wyden, D-Ore., said the agency expects to issue regulations in the next two to four weeks.

Hemp was decriminalized in the 2018 Farm Bill thanks to legislation sponsored by Wyden, fellow Oregon Democrat Jeff Merkley and Senate Majority Leader Mitch McConnell, R-Ky.

Wyden addressed the state of the hemp industry during a panel discussion Aug. 19 at the Western U.S. Hemp Growers Conference and Expo in Portland. He said Oregon is “at the epicenter of the enormous potential for the hemp in the country.”

“We have an enormous sense of pride with the incredible growth in this industry, virtually overnight,” Wyden said.

Since 2014, the state has gone from 13 registered hemp growers and 105 acres to 1,883 growers and roughly 62,000 acres, according to the Oregon Department of Agriculture.

The Hemp Farming Act of 2018 that passed Congress with bipartisan support — led by unlikely allies in Wyden, Merkley and McConnell — classified hemp as an agricultural commodity.

“I think it’s pretty obvious you are on the right side of history,” Wyden told the crowd gathered for the conference. “You don’t have thousands of farmers moving into this space for nothing.”

Hemp, like marijuana, is a cannabis plant, though it legally contains less than 0.3% tetrahydrocannabinol, or THC, the main ingredient that gets users high.

While hemp fiber can be used to make paper, textiles, clothing and building materials such as “hempcrete,” the current primary market is for products containing a derivative extract known as cannabidiol, or CBD. Companies are putting CBD in everything from cosmetics to beverages, touting numerous benefits.

The USDA Agricultural Marketing Service is now developing a program to implement the Hemp Farming Act, which requires states and tribes as the primary regulators of hemp to comply with federal standards for testing THC levels, inspecting farms and monitoring overall production.

States will submit their detailed plans for approval once the regulations are announced, going into effect for the 2020 planting season.

Sunny Summers, cannabis policy coordinator for ODA, said Oregon already does testing and tracks production under the state’s hemp pilot program. Such pilot programs were permitted by the 2014 Farm Bill.

“This is not anything new,” Summers said. “We should be setting the standard for the country.”

The goal, Summers said, is to begin treating hemp the same as any other crop. But she said the industry still has challenges ahead, pointing to issues such as the potential for cross-pollination of crops, pesticide drift and managing odor.

“Coexistence is the backbone of Oregon agriculture,” Summers said. “The industry is going to have to come together and find those opportunities to coexist.”

Courtney Moran, a hemp lobbyist and president of the Oregon Industrial Hemp Farmers Association, said the USDA rules should clarify uncertainties for hemp growers and producers around interstate commerce, banking, crop insurance and law enforcement.

“No matter where you’re going, we want to make sure crops are legal and compliant,” Moran said.

The Food and Drug Administration is responsible for regulating and classifying CBD products. Wyden said he was told that could take three to five more years, which he pushed back against forcefully.

The government is starting to make progress implementing the Hemp Farming Act, Wyden said, but needs to move faster.

“CBD products have enormous potential. And that was the whole purpose of the bill,” Wyden said. “We don’t want to see that potential squelched because the feds are moving too slowly.”

Source: https://www.capitalpress.com/state/oregon/hemp-industry-awaits-new-usda-rules/article_81fc61ac-c2b6-11e9-8c1b-eb5e8365b360.html

Bougainville Ventures Inc $BOG.ca – The #CBD boom is reshaping America’s farmland $CROP.ca $VP.ca NF.ca $MCOA

Posted by AGORACOM-JC at 10:31 AM on Monday, August 19th, 2019
SPONSOR:  Bougainville Ventures Inc (CSE: BOG) provides strategic capital to the thriving cannabis cultivation sector through ownership and development of commercial real estate properties. The company also offers fully built out turnkey facilities equipped with state-of-the-art growing infrastructure to cannabis growers and processors. Click here for more info.
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The CBD boom is reshaping America’s farmland

  • As the CBD boom continues, farmers across the country are ditching their former crops in favor of something more chill: hemp.
  • According to US Department of Agriculture data, the amount of farmland planted with hemp quadrupled in the past year, Quartz reports.

How did this all happen so fast?

Two words — decriminalization and demand.

First, the 2018 Farm Bill made hemp farming legal last year, allowing farmers to start producing hemp plants as long as they are less than 0.3% THC by dry weight.

Then, when the first CBD products appeared — mostly in pain-relieving wellness products — they were hugely successful. 

Demand for CBD-infused everything soon followed… Now, shoppers can buy CBD-infused fast food burgers (thanks, Carl’s Jr.), tea, honey, beer, chocolate, dog treats, bath salts, deodorants, protein powders, hot sauce, coffee, gummy candy, shampoo, and face creams… and the list goes on.

But all that CBD comes from hemp… 

And all that hemp has to be grown

So farmers are scrambling to grow the newest, chillest cash crop. Even farmers who formerly had no interest in hemp are starting to grow it. 

Why? Consider this: An acre of soybeans will make a farmer $500. An acre of hemp could make them as much as $30k.

For now, hemp farming may be a great deal for farmers. But regulators have yet to develop proper oversight practices, and some industry groups worry that hemp prices are still too volatile to take seriously.

No one knows when the high (prices) will wear off…

“The boom is coming mostly from word-of-mouth reports about hemp’s profitability,” reports the Hemp Industry Daily. 

For now, growth is poised to continue: Planting of industrial hemp increased 368% from 2018 to 2019, outpacing all other crops, and some big producers — like Ben & Jerry’s — have expressed interest in buying CBD but are holding off until federal laws become more clear.

But if it turns out that the market for CBD dog treats isn’t as big as it’s being billed, the CBD boom could quickly go bust for the farmers who put all their hemp in one basket…

Source: https://thehustle.co/hemp-cbd-agriculture-farmers-demand/

Bougainville Ventures Inc $BOG.ca – As demand for #CBD explodes, US farmers are seeing dollar signs $CROP.ca $VP.ca NF.ca $MCOA

Posted by AGORACOM-JC at 5:44 PM on Tuesday, August 13th, 2019
SPONSOR:  Bougainville Ventures Inc (CSE: BOG) provides strategic capital to the thriving cannabis cultivation sector through ownership and development of commercial real estate properties. The company also offers fully built out turnkey facilities equipped with state-of-the-art growing infrastructure to cannabis growers and processors. Click here for more info.
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As demand for CBD explodes, US farmers are seeing dollar signs

  • According to new data from the US Department of Agriculture (USDA), US farmers more than quadrupled the land planted with hemp in the past year, from 27,424 acres in August 2018 to 128,320 acres today.
  • In addition to the booming demand for CBD, hemp farmers were likely encouraged by the 2018 Farm Bill, which removed industrial hemp—defined as hemp plants with less than 0.3% THC by dry weight—and its extracts from Schedule I of the Controlled Substances Act

You may have noticed that CBD—the non-intoxicating cannabis-derived chemical compound—can now be found in drugstores, cafés, pet stores, bars, spas, and all over the internet. Farmers have also noticed, and are planting hemp to supply the rapidly expanding industry.

According to new data from the US Department of Agriculture (USDA), US farmers more than quadrupled the land planted with hemp in the past year, from 27,424 acres in August 2018 to 128,320 acres today.

In addition to the booming demand for CBD, hemp farmers were likely encouraged by the 2018 Farm Bill, which removed industrial hemp—defined as hemp plants with less than 0.3% THC by dry weight—and its extracts from Schedule I of the Controlled Substances Act, where it might have been interpreted as marijuana, which the US Drug Enforcement Administration states has “no currently accepted medical use and a high potential for abuse” (despite evidence to the contrary).

While hemp is far from the only crop appearing on more acres this year, it’s clearly smoking the competition.

“There are a lot of things you can do on a farm, but there aren’t a lot of things you can do to make money,” Will Brownlow, a Kentucky farmer who had recently started growing hemp, told Quartz in 2018. He said an acre of soybeans could only get him about $500, but an acre of hemp—dense with flowers rich in CBD—could yield as much as $30,000. What’s more, he said, it was relatively easy to cultivate.

“The plant is a weed,” Brownlow said. “And it likes to grow.”

Source: https://qz.com/1686276/how-much-hemp-is-grown-in-the-us/

Bougainville Ventures Inc $BOG.ca – Using #CBD Has Never Been More Popular For Americans $CROP.ca $VP.ca NF.ca $MCOA

Posted by AGORACOM-JC at 10:54 AM on Monday, August 12th, 2019
SPONSOR:  Bougainville Ventures Inc (CSE: BOG) provides strategic capital to the thriving cannabis cultivation sector through ownership and development of commercial real estate properties. The company also offers fully built out turnkey facilities equipped with state-of-the-art growing infrastructure to cannabis growers and processors. Click here for more info.
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Using CBD Has Never Been More Popular For Americans

Reasons why Americans are turning to CBD vary across the board, but pain relief ranks highest at 40%.

by Brendan Bures

  • Whatever notions that CBD was just another wellness fad are officially dead. Need proof? Look no further than a Gallup poll released earlier this week.
  • According to the poll, one in every seven Americans now use CBD for its therapeutic benefits.

While federal regulations around CBD remain unsettled for now, the legalization of hemp in 2018 allowed access to CBD to explode throughout the country. The poll found that younger Americans and those living Western states are more likely to admit using CBD. However, it’s worth noting 50% of Americans still don’t consume CBD, with another 35% confessing they have no familiarity with CBD products at all.

Amongst those aged 30 or younger, CBD usage jumps to 20% and lack of knowledge around CBD products drops to 26%. Those numbers reverse for older demographics. Both these trends mirror what previous Gallup polls found in marijuana usage, as younger people reporting more consumption while older folks less.

The reasons why Americans are turning to CBD vary across the board, with pain relief ranking highest at 40%. Other major reasons for American CBD usage include anxiety (20%), insomnia (11%), and arthritis (8%). That said, women were more likely than men to use CBD to relieve anxiety symptoms (25% vs. 14%), while men turned to CBD as a sleep aid more than women (15% vs. 8%).

And though the majority of Americans report using CBD for medical and therapeutic relief, 5% of respondents admit to recreational usage of CBD.

Though CBD proliferating through the United States might give cannabis enthusiasts cheer, it’s equally important for consumers to recognize whether they’re purchasing the real deal or expensive snake oil. Remember, misinformation around CBD can be life-threatening, especially when using for medicinal purposes. It’s important to buy high-quality CBD products and be able to spot fake CBD in the wild. While CBD oil might be the most popular delivery vehicle, be sure to check out other forms if curious.

Source: https://mjobserver.com/health/using-cbd-has-never-been-more-popular-for-americans/

Bougainville Ventures Inc. $BOG.ca Signs LOI to enter in to Funding and Asset Purchase Agreement up to 39% with Thrive Nutrition Products Ltd. $CROP.ca $VP.ca NF.ca $MCOA

Posted by AGORACOM-JC at 8:35 AM on Tuesday, August 6th, 2019
BOG:TSX-V
  • Announced that it has signed a letter of intent (LOI) to provide funding and to acquire up to 39% of the assets and inventory of Thrive Nutrition Products Ltd. (Thrive Wellness)
  • Thrive Wellness is a preeminent distributor of hemp & cannabinoid-focused natural health products under the “THRIVE WELLNESS” brand.
  • Thrive has achieved $2,500,000 CND in sales through retail distribution, it’s e-commerce website and their relationship with Nutrition House, Canada’s leading Natural Health Product franchise

VANCOUVER, British Columbia, Aug. 06, 2019 — BOUGAINVILLE VENTURES INC. (CSE: BOG) (FRA: 8BV) (DEU: 8BV) (MUN: 8BV) (STU: 8BV) (“Bougainville” or the “Company”) is pleased to announce that it has signed a letter of intent (LOI) to provide funding and to acquire up to 39% of the assets and inventory of Thrive Nutrition Products Ltd. (Thrive Wellness). Thrive Wellness is a preeminent distributor of hemp & cannabinoid-focused natural health products under the “THRIVE WELLNESS” brand. The final evaluation will be determined by an independent third party evaluator, which is currently in progress. The Company will acquire up to 39% of Thrive Wellness assets and current inventory. The consideration is to be payable in such number of common shares in its share capital (“Consideration Shares”) at a per share price equal to the volume weighted average price of such shares on the Canadian Securities Exchange over a 15-day period ending on the day such Consideration Shares are required to be issued (“15 day VWAP”).

Thrive Wellness is a distributor of premium hemp and natural health products with operations currently in Canada and the USA. Thrive specializes in the development, marketing and distribution of cannabinoid products refined into their own natural health product brand. The company was founded in Vancouver, British Columbia and is the first of its kind with national retail distribution in Canada. Thrive has achieved $2,500,000 CND in sales through retail distribution, its’ e-commerce website and their relationship with Nutrition House, Canada’s leading Natural Health Product franchise. Founded in 1979 the company began franchising in 1993 and now operates over 45 retail stores, located in high profile shopping centers across Canada, and in the USA. www.nutritionhouse.com

“We are honored to supply our retail partners with premium Hemp products,” says Andy Dhaliwal, President of Thrive Wellness. “Our commitment to quality, transparency, and wellness will ensure customers receive the best products available. We look forward to working with Bougainville to bring high quality, innovative Hemp products to US and International markets.”

Bank of America projects a spend of $1.3 Billion on CBD in Canada by 2022, while $1.9 Billion is being spent in the USA currently, and another $4.4 Billion in Europe this year. Demand for CBD and Hemp is increasing year over year, with Merrill Lynch predicting an $11.5 Billion American market by 2032.

Andy Jagpal, President Comments:

“This LOI is a first step in Bougainville and Thrive’s vision to lead the sector in this global opportunity The Thrive Wellness brand and Mr. Dhaliwal bring the sales & distribution experience and contacts needed to succeed in this fledgling natural health & CBD market.”

About Thrive Nutrition Products Ltd.

Thrive Wellness is a preeminent distributor of premium hemp & natural health products with a global distribution footprint. A trusted brand of wellness products with mind share as well as market share, Thrive has driven value with their pioneering expertise in the emerging CBD market.

About Bougainville Ventures, Inc.
Bougainville Ventures Inc. is dedicated to rapid growth in production, processing, retail and branding of cannabis and cannabis related products. Currently the company provides strategic capital to the thriving cannabis cultivation sector through ownership and development of commercial real estate properties. We offer fully built out turnkey facilities equipped with state-of-the-art growing infrastructure to cannabis growers and processors. Also, the Company is focused on building a strong presence in the hemp industry with the objective of extracting cannabinoids in both Canada and the United States. Along with our flagship Hemp project in Oregon State and the Greenhouse campus in Washington state, the Company has proprietary formulas for cannabis edibles, topical, and tinctures.

On behalf of the Board of Directors
BOUGAINVILLE VENTURES INC.

Andy Jagpal, President and Director

For further information, please contact Andy Jagpal at [email protected]. Please note that our Toll free number has changed to 1-877-517-7816.

FORWARD LOOKING STATEMENTS: This news release contains certain forward-looking statements within the meaning of Canadian securities laws. Forward-looking statements are based on the expectations and opinions of the Company’s management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

No regulatory authority has approved or disapproved the information contained in this news release.

Bougainville Ventures Inc $BOG.ca – Who are the future #cannabis consumers? $CROP.ca $VP.ca NF.ca $MCOA

Posted by AGORACOM-JC at 4:30 PM on Monday, July 29th, 2019
SPONSOR:  Bougainville Ventures Inc (CSE: BOG) provides strategic capital to the thriving cannabis cultivation sector through ownership and development of commercial real estate properties. The company also offers fully built out turnkey facilities equipped with state-of-the-art growing infrastructure to cannabis growers and processors. Click here for more info.
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Who are the future cannabis consumers?

By Sydney Perelmutter

  • An Ernst and Young (EY) report released in April projects that by 2025, 20 percent of the Canadian population will be cannabis consumers and the size of the market (legal and illegal) could reach up to $11 billion.

The size of the cannabis market (legal and illegal) could reach up to $11 billion by 2025. Getty Images

Cannabis consumers have certainly come a long way since the flower-toting, tie-dye-wearing hippies or the weed-smoking, Cheech and Chong-watching stoners of decades past.

The stereotypes often associated with previous eras of cannabis use seem far less pervasive today, with current, sometimes-surprising consumers hitting more demographic markers. Here’s what recent figures and experts have to say about what this new wave of consumers could look like.

What do the numbers say?

The latest National Cannabis Survey (NCS), released in May, indicates that 5.3 million or 18 percent of Canadians aged 15 or older used cannabis in the first quarter of 2019, up four percent from the same quarter of 2018. This increase can be partially attributed to greater use among male respondents (from 16 percent to 22 percent) and people aged 45 to 64 (from nine percent to 14 percent).

The NCS data also shows an increase in the number of new cannabis users, some being first-timers and others former consumers who sought out cannabis again post-legalization.

Statistics from the National Cannabis Survey, 2019 Statistics Canada

A Pollara survey of about 2,000 people, released in March, notes those who bought legal recreational weed over the last year are likely to do so again in the coming year. In fact, purchasing legally is expected to be twice as popular as buying illegally, with 69 percent of respondents indicating the former and 31 percent indicating the latter.

An Ernst and Young (EY) report released in April projects that by 2025, 20 percent of the Canadian population will be cannabis consumers and the size of the market (legal and illegal) could reach up to $11 billion.

Are there archetypal consumers?

An Early Look Into Consumer Profiles is a report jointly released by Toronto-based Lift & Co. and Washington-based Headset Inc. in early June. Based on 862 recreational customer receipts and 347 respondents on Lift & Co.’s website, the report divides consumers into two main segments: the experienced user, the so-called connoisseur, and the new user.

Matei Olaru, CEO of Lift & Co., suggests that the connoisseurs of the Canadian market tend to be male millennials who know what they’re looking for, while new consumers tend to be 45 and older and require some guidance before purchasing product.

Deloitte LLP released a report leading up to the second wave of legalization—expected to take effect in October, with edibles, topicals and concentrates likely available in December—that classifies current recreational users as “risk-takers” and likely post-legalization users as “conservative experimenters.”

Deloitte’s new and likely user profiles Deloitte

Jennifer Lee, partner and national cannabis sector leader at Deloitte, explains that the risk-takers tend to be less educated and more willing to deviate from the law, while new-to-category consumers tend to be highly educated and have a higher income.

“The new consumers aren’t your typical quote-on-quote ‘stoners’,” Lee says of the conservative experimenters. They tend to be “family people” between the ages of 35 and 54.

Who is buying what?

New users are spending considerably more on balanced and lower-THC products (less than 19 percent THC), while experienced users spend more on higher THC products (over 20 percent THC).

THC percentage chart Ontario Cannabis Store

The Lift & Co. and Headset report shows younger buyers are spending less per purchase (averaging $55) and more on individual items (averaging $24). Buyers aged 55 and older are spending more per purchase (averaging $157), but buying more items at lower price points.

“If we look at what people are buying by age, we see that the older demographic disproportionately buys more oil than flower,” Olaru says. “So there’s an inherent prediction there that as new consumers come on, they will probably buy non-combustible products, such as edibles or beverages.”

Lee predicts that carbonated beverages and teas will be of interest to likely users, which she attributes to the trade-off between alcohol and cannabis.

“We found that usage occasion for cannabis is almost exactly the same as alcohol among older consumers,” Lee says.

Differences in what people buy, Olaru estimates, can be ascribed to experience with cannabis and income. “You can make an educated inference that millennials probably have less disposable income, so they buy fewer products than an older consumer,” he says. “If you look at the older, first-time demographic, they might not know what is good or bad, and believe higher price points equate to better products.”

Are the “canna-curious” the next untapped market?

A report co-authored by Lift & Co. and EY, released in June, reveals four broad consumer segments based on a survey of nearly 3,000 Canadians: pure recreational, pure medical, health and wellness and those who remain unconvinced. Dubbing them the “canna-curious,” Olaru thinks the skeptics can be converted.

“Even the unconvinced say they would still consider cannabis if it could help with something like pain relief. So to us, that says even the unconvinced are looking for some sort of relief or wellness, not for recreational use to party and not pure medical, but somewhere in between,” Olaru says.

The canna-curious, he predicts, will be more open to products that are lower in THC, higher in CBD and non-combustible.

Can the future cannabis consumer truly be defined?

Jenn Larry, president of CBD Strategy Group Inc., says there is “no ceiling on who will be interested in cannabis in the future because all cohorts could find themselves interested.”

Larry understands that consumers are divided into segments for marketing purposes, but says that there will always be a spectrum of groups. She identifies three groups that often go unnoticed by marketers: baby boomers, ‘the dad’ and 33- to 45-year-old females.

“Cannabis provides consumers with an intimate experience, but different people want different things so there’s no reason to limit who the consumer could be,” Larry says.

“I think the cannabis consumer is yet to be defined,” Olaru notes. “That’s really the big opportunity in cannabis.”

 Source: https://www.thegrowthop.com/cannabis-business/who-are-the-future-cannabis-consumers