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Health Canada Gives Green Light to Tetra Bio-Pharma’s $TBP.ca #Cannabis Vs. #Fentanyl Trial $AERO $CBDS $CGRW $APH.ca $GBLX

Posted by AGORACOM-JC at 9:18 AM on Thursday, August 9th, 2018

  • Health Canada has approved its protocol for a clinical trial investigating its PPP001 drug as an alternative to the opioid fentanyl in the management of breakthrough cancer pain
  • The clinical trial will be conducted by Montreal-based Santé Cannabis, a medical clinic and contract research organization specialized in clinical research for cannabis – based therapies

Patient recruitment to begin for landmark research

ORLEANS, Ontario, Aug. 09, 2018 — Tetra Bio-Pharma Inc., a leader in cannabinoid-based drug discovery and development (TSX VENTURE: TBP) (OTCQB: TBPMF), is pleased to announce that Health Canada has approved its protocol for a clinical trial investigating its PPP001 drug as an alternative to the opioid fentanyl in the management of breakthrough cancer pain.  The clinical trial will be conducted by Montreal-based Santé Cannabis, a medical clinic and contract research organization specialized in clinical research for cannabis – based therapies.

The trial will assess the time-to-relief in patients suffering from breakthrough cancer pain.  Based on its clinical data, Tetra believes that the pharmacodynamic properties of PPP001 may provide a novel faster acting alternative to the opioid fentanyl.  In addition, the time-to-maximal plasma concentrations of THC suggest that PPP001 will provide rapid relief to the patient’s suffering.  As a prescription drug with a Drug Identification Number (DIN) PPP001 will be eligible for insurance coverage, making the cannabis-based medication accessible in pharmacies thereby providing much easier access.

The Opioid Crisis

There have been numerous news reports in the North America media highlighting the fact that we are experiencing an opioid crisis. In June, the Canadian government asked drug makers to stop marketing opioids, but for patients suffering from uncontrolled pain, this news does not provide them with an alternative to alleviate their pain.

  • There were 41,997 opioid-related deaths in the USA in 2016 contributing to the U.S. President’s declaration that the U.S. is experiencing an opioid crisis.
  • 92% of the 3,987 apparent opioid-related deaths in Canada in 2017 were accidental.
  • Males make up 76% of these fatalities; more than one-third among those aged 30-39.
  • The percentage of these accidental deaths involving fentanyl rose from 55% in 2016 to 72% in 2017.

“Medical cannabis may help reduce the use of drugs like fentanyl for treating breakthrough and chronic pain. However, unrefuted scientific data on its safety and effectiveness that will satisfy regulators, professional groups and insurers is what’s missing,” said Dr. Guy Chamberland, Interim CEO and Chief Scientific Officer of Tetra Bio-Pharma.  “Tetra is in the business of providing that evidence which would see our drug PPP001 become a complementary prescription therapy.  We’ve taken a pharmaceutical pathway of drug development involving collaborative dialogue with Health Canada and the FDA to bring cannabis and cannabinoid products to market so that physicians, who have been hesitant to recommend it, will have a new, trusted therapeutic option for their patients.”

Cannabis versus Fentanyl Clinical Trial Recruitment
Santé Cannabis will begin recruitment for the clinical trial as of October 2018. More information on eligibility criteria as well as the details and duration of the trial can be obtained by visiting the Santé Cannabis website: www.santecannabis.ca/en/research/cannabis-clinical-trial/ or by calling 514-419-4131 and select English and press 5 to reach the research team.

About Tetra Bio-Pharma
Tetra Bio-Pharma (TSX-V: TBP) (OTCQB: TBPMF) is a biopharmaceutical leader in cannabinoid-based drug discovery and development with a Health Canada approved, and FDA reviewed, clinical program aimed at bringing novel prescription drugs and treatments to patients and their healthcare providers. The Company has several subsidiaries engaged in the development of an advanced and growing pipeline of Bio Pharmaceuticals, Natural Health and Veterinary Products containing cannabis and other medicinal plant-based elements. With patients at the core of what we do, Tetra Bio-Pharma is focused on providing rigorous scientific validation and safety data required for inclusion into the existing bio pharma industry by regulators, physicians and insurance companies.

For more information visit: www.tetrabiopharma.com

About Santé Cannabis
Established in Montreal, Quebec in 2014, Santé Cannabis is a Centre of Excellence in medical cannabis research, clinical practice and healthcare professional training. Since its inception, Santé Cannabis has provided medical assessment, education, monitoring and follow-up to 5,000 patients referred by more than 2,000 Quebec physicians. Santé Cannabis operates within the guidelines for the authorization of medical cannabis as set out by the Collège des médecins du Québec.   As an independently credentialed clinical trial research organization, and with unparalleled clinical experience supporting both patients and healthcare professionals, Santé Cannabis has established itself as a global leader in medical cannabis research. Santé Cannabis is currently conducting a Health Canada approved Phase 3 trial for PPP001 for advanced cancer patients suffering from uncontrolled pain and associated symptoms, as well as a Phase 2 trial for PPP005 investigating the use of oral capsules of cannabis oil for the treatment of chronic pain.

For more information visit:  www.santecannabis.ca

Source: Tetra Bio-Pharma

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking statements
Some statements in this release may contain forward-looking information. All statements, other than of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements regarding potential acquisitions and financings) are forward-looking statements. Forward-looking statements are generally identifiable by use of the words “may”, “will”, “should”, “continue”, “expect”, “anticipate”, “estimate”, “believe”, “intend”, “plan” or “project” or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company’s ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, without limitation, the inability of the Company to obtain sufficient financing to execute the Company’s business plan; competition; regulation and anticipated and unanticipated costs and delays, the success of the Company’s research and development strategies, including this trial, the applicability of the discoveries made therein, the successful and timely completion and uncertainties related to the regulatory process, the timing of clinical trials, the timing and outcomes of regulatory or intellectual property decisions and other risks disclosed in the Company’s public disclosure record on file with the relevant securities regulatory authorities. Although the Company has attempted to identify important factors that could cause actual results or events to differ materially from those described in forward-looking statements, there may be other factors that cause results or events not to be as anticipated, estimated or intended. Readers should not place undue reliance on forward-looking statements. While no definitive documentation has yet been signed by the parties and there is no certainty that such documentation will be signed. The forward-looking statements included in this news release are made as of the date of this news release and the Company does not undertake an obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise unless required by applicable securities legislation.

For further information, please contact Tetra Bio-Pharma Inc.

Robert (Bob) Bechard
Executive Vice President, Corporate Development and Licensing
514-817-2514
[email protected]

Media Contact:
energi PR
Stephanie Engel
[email protected]
514-288-8500 ext. 209
416-425-9143 ext. 209

Tetra Bio-Pharma’s $TBP.ca Dr. Chamberland to Announce Health Canada’s Green Light for the #Cannabis vs. #Fentanyl Trial $AERO $CBDS $CGRW $APH.ca $GBLX

Posted by AGORACOM-JC at 2:26 PM on Wednesday, August 8th, 2018

Logo tetrabiopharma rgb web

  • Announced that Health Canada has approved its protocol for a clinical trial investigating its PPP001 drug as an alternative to the opioid fentanyl in the management of breakthrough cancer pain
  • Dr. Guy Chamberland, Interim CEO and Chief Scientific Officer will provide additional details on TVA’s Gatineau 6:00 p.m. ET News Program

ORLEANS, Ontario, Aug. 08, 2018 – Tetra Bio-Pharma Inc., a leader in cannabinoid-based drug discovery and development (TSX VENTURE: TBP) (OTCQB: TBPMF), is pleased to announce that Health Canada has approved its protocol for a clinical trial investigating its PPP001 drug as an alternative to the opioid fentanyl in the management of breakthrough cancer pain. Dr. Guy Chamberland, Interim CEO and Chief Scientific Officer will provide additional details on TVA’s Gatineau 6:00 p.m. ET News Program. A more detailed press release will be issued tomorrow.

About Tetra Bio-Pharma
Tetra Bio-Pharma (TSX-V: TBP) (OTCQB: TBPMF) is a biopharmaceutical leader in cannabinoid-based drug discovery and development with a Health Canada approved, and FDA reviewed, clinical program aimed at bringing novel prescription drugs and treatments to patients and their healthcare providers. The Company has several subsidiaries engaged in the development of an advanced and growing pipeline of Bio Pharmaceuticals, Natural Health and Veterinary Products containing cannabis and other medicinal plant-based elements. With patients at the core of what we do, Tetra Bio-Pharma is focused on providing rigorous scientific validation and safety data required for inclusion into the existing bio pharma industry by regulators, physicians and insurance companies. For more information visit: www.tetrabiopharma.com

More information at: www.tetrabiopharma.com

Source: Tetra Bio-Pharma

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking statements
Some statements in this release may contain forward-looking information. All statements, other than of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements regarding potential acquisitions and financings) are forward-looking statements. Forward-looking statements are generally identifiable by use of the words “may”, “will”, “should”, “continue”, “expect”, “anticipate”, “estimate”, “believe”, “intend”, “plan” or “project” or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company’s ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, without limitation, the inability of the Company to obtain sufficient financing to execute the Company’s business plan; competition; regulation and anticipated and unanticipated costs and delays, the success of the Company’s research and development strategies, including this trial, the applicability of the discoveries made therein, the successful and timely completion and uncertainties related to the regulatory process, the timing of clinical trials, the timing and outcomes of regulatory or intellectual property decisions and other risks disclosed in the Company’s public disclosure record on file with the relevant securities regulatory authorities. Although the Company has attempted to identify important factors that could cause actual results or events to differ materially from those described in forward-looking statements, there may be other factors that cause results or events not to be as anticipated, estimated or intended. Readers should not place undue reliance on forward-looking statements. While no definitive documentation has yet been signed by the parties and there is no certainty that such documentation will be signed. The forward-looking statements included in this news release are made as of the date of this news release and the Company does not undertake an obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise unless required by applicable securities legislation.

For further information, please contact Tetra Bio-Pharma Inc.

Robert (Bob) Bechard
Executive Vice President, Corporate Development and Licensing
514-817-2514
[email protected]

Media Contact:
energi PR
Stephanie Engel
[email protected]
514-288-8500 ext. 209
416-425-9143 ext. 209

Namaste $N.ca $NXTTF Signs E-Commerce and Technology Services Agreement with BlissCo Cannabis Corp $VAPE $VPCO $MCIG $ABCN.ca $ACG.ca $ACB $WEED.ca $HIP.ca

Posted by AGORACOM-JC at 8:37 AM on Wednesday, July 18th, 2018

  • Company has signed an e-commerce and technology services agreement with BlissCo Cannabis Corp Inc.
  • Namaste will provide services including access to Namaste’s technology platforms, software integrations and e-commerce services including those powered by Namaste’s e-commerce artificial intelligence (AI) platform, Findify.io

VANCOUVER, July 18, 2018 – Namaste Technologies Inc. (“Namaste” or the “Company”) (TSXV: N) (FRANKFURT: M5BQ) (OTCMKTS: NXTTF) is pleased to announce that the Company has signed an e-commerce and technology services agreement (the “Agreement”) with BlissCo Cannabis Corp Inc. (“BlissCo”) (CNSX: BLIS) (FRA: GQ4B:GR), whereby Namaste will provide services including access to Namaste’s technology platforms, software integrations and e-commerce services including those powered by Namaste’s e-commerce artificial intelligence (AI) platform, Findify.io.

Under the terms of this Agreement, Namaste will leverage its proprietary technology platforms to develop an innovative online marketplace in partnership with BlissCo to enhance BlissCo’s patient experience. BlissCo is a Canadian licensed producer and distributor of high-quality medical cannabis that operates an Access to Cannabis for Medical Purposes Regulations (“ACMPR”) cultivation facility based in Langley, BC.

Namaste has developed industry-leading technology platforms which bring significant value to both the Company and the cannabis industry. This Agreement with BlissCo represents Namaste’s ability to enhance the consumer experience for its own customers and those of its industry peers.

Under the terms of the Agreement, Namaste will assist BlissCo in enhancing its online platform by utilizing Namaste’s suite of innovative technologies including;

  • Comprehensive audit of BlissCo’s e-commerce platform.
  • Enhancement recommendations to improve the user experience.
  • Software integrations including AI and machine learning through Findify.io.
  • Customization of Namaste’s telemedicine application, NamasteMD.
  • E-commerce development services including programming and IT.
  • Access to same-day delivery service through Pineapple Express Inc.

Blissco will compensate Namaste for services with 210,000 common stock options. Each option will have an exercise term of up to three (3) years.

Namaste is also pleased to announce that President and CEO, Sean Dollinger will join BlissCo’s board of directors. Namaste believes support from its management team will bring value to BlissCo’s board in areas of technology and e-commerce.

Namaste is focused on the development and acquisition of innovative technologies that will have a significant impact on the cannabis industry. As legalization of medical and recreational cannabis evolves globally and cannabis prices consolidate, Namaste will focus on technology and e-commerce innovations that can offer significant value to the Company and its industry peers. As many companies focus on cultivation, Namaste is establishing its position as a leader in e-commerce and technology in the cannabis industry.

Management Commentary

Damian Kettlewell, President and CEO of BlissCo comments; “By signing this partnership with Namaste, we are building yet another layer within the BlissCo Ecosystem that will enhance our connection with customers. This direct connection will provide a critical feedback loop to continuously improve our offerings, cultivate relationships and truly understand our customers. Providing a great experience is paramount for us and this technology gives us the tools we need to deliver that seamlessly.”

We’re also very pleased to have Namaste’s CEO Sean Dollinger join our board of directors and feel that Sean will bring great value and insight to our board and we look forward to expanding our relationship with Namaste in the future.

Sean Dollinger, President and CEO of Namaste comments; “We’re very proud to be partnering with Blissco and offering these services. We truly feel that the technology we’re developing will bring great value to others as well. We consider ourselves very fortunate to be breaking ground in exciting areas of technology including AI and machine learning within applications in the cannabis industry. Our technology platforms, like NamasteMD can also help all Canadians with more convenient access to medical cannabis from the comfort of their home.

We’re proud to be able to offer these platforms to partners and enhance their patient’s consultation and buying experience. We’re certainly looking forward to working with Blissco and their team who we believe are aligned with Namaste’s values and have great respect for their management team. Namaste will continue to create and acquire innovative technologies both domestically and abroad.

I’m honored to have the opportunity to join BlissCo’s board of directors and hope to provide significant value to their team in my role.”

About BlissCo Cannabis Corp.
BlissCo Cannabis Corp. (CSE: BLIS) (FRA: GQ4B) is an ACMPR licensed producer and future distributor of ultra-premium cannabis. The company sits at the heart of an international ecosystem and is focused on the success of its domestic and global partnerships.

BlissCo leverages the latest technology and is continuously developing its network of top-tier industry experts to drive the success of its brand and channels, moving premium Canadian cannabis to local and international markets.

BlissCo is backed by an experienced team that is deeply in tune and integrated with industry partners and BlissCo’s future patients and customers.

About Namaste Technologies Inc.

Namaste Technologies is Your Everything Cannabis Store™. Namaste operates the largest global cannabis e-commerce platform with over 30 websites in 20+ countries under various brands. Namaste’s product offering through its subsidiaries includes vaporizers, glassware, accessories, CBD products, and the company will soon be selling medical cannabis in the Canadian market, subject to approval by Health Canada.

Namaste has developed and acquired innovative technology platforms including NamasteMD.com, Canada’s first Health Canada compliant telemedicine application, and in May 2018 the Company acquired a leading e-commerce AI and Machine Learning Company, Findify AB. Findify uses artificial intelligence algorithms to optimize and personalize a consumer’s on-site buying experience. Namaste is focused on leveraging its cutting-edge technology to enhance the user experience throughout its platforms. Namaste will continue to develop and acquire innovative technologies which will provide value to the Company and to its shareholders as well as to the broader cannabis market.

On behalf of the Board of Directors

“Sean Dollinger”

Chief Executive Officer

Further information on the Company and its products can be accessed through the links below:

NamasteTechnologies.com

NamasteMD.com

NamasteVapes.ca

Everyonedoesit.ca

FORWARD-LOOKING INFORMATION This press release contains forward-looking information based on current expectations. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management’s reasonable assumptions, Namaste assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by law. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this press release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors discussed in the Company’s disclosure documents which can be found under the Company’s profile on www.sedar.com. This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The TSXV has neither reviewed nor approved the contents of this press

SOURCE Namaste Technologies Inc.

View original content with multimedia: http://www.newswire.ca/en/releases/archive/July2018/18/c1227.html

Namaste $N.ca $NXTTF announces domestic consulting agreement with Cannbit Ltd to expand Israeli operations and add new sales channels $VAPE $VPCO $MCIG $ABCN.ca $ACG.ca $ACB $WEED.ca $HIP.ca

Posted by AGORACOM-JC at 4:18 PM on Thursday, July 5th, 2018

  • Signed a consulting agreement with Cannbit Ltd., whereby Cannbit will provide domestic consulting services to Namaste
  • Will streamline the Company’s Israeli operations, expand its platform and increase domestic revenues
  • Namaste has identified strong growth potential in its Israeli market and will focus on the expansion of its current platform as well as introducing new technology like its telemedicine application, NamasteMD and Findify’s AI technology in Israel

VANCOUVER, July 5, 2018 – Namaste Technologies Inc. (“Namaste” or the “Company”) (TSXV: N)(FRA: M5BQ)(OTCMKTS: NXTTF) is pleased to announce the Company has signed a consulting agreement (the “Agreement”) with Cannbit Ltd. (“Cannbit” or “Cannbitltd.com”), whereby Cannbit will provide domestic consulting services to Namaste that will streamline the Company’s Israeli operations, expand its platform and increase domestic revenues. Namaste’s recent announcement of its 10% investment in Cannbit, with Cannbit’s intention to publicly list on the Tel Aviv Stock Exchange (“TASE”), is further supported by this strategic partnership.

Namaste has identified strong growth potential in its Israeli market and will focus on the expansion of its current platform as well as introducing new technology like its telemedicine application, NamasteMD and Findify’s AI technology in Israel. Cannbit will provide Namaste with local resources to facilitate this growth. Cannbit will provide Namaste with domestic management and operations of the Company’s Israeli e-commerce platform, business development, website translations, domestic customer support services and wholesale sales. Cannbit’s team will work closely with Namaste’s marketing team to further develop its online platform and expand its B2B channels business in Israel.

Israel has quickly emerged as a global leader in cannabis research and development and Namaste is well positioned to leverage its technology and database of Israeli consumers to launch new initiatives in the Israeli market including the Company’s revolutionary telemedicine application and patient portal, NamasteMD. Through its investment with Cannbit, a medical cannabis supply agreement and now this strategic partnership, Namaste will benefit from expansion of its revenue streams, import of high-quality Israeli grown cannabis to the Canadian market (subject to approval by Israeli regulators and Health Canada), and also in leveraging its technology to provide simple and effective access to its online healthcare platform.

Management Commentary

Yaron Razon, co-founder and CEO of Cannbit comments: – “We are delighted to strengthen our strategic partnership with Namaste by adding yet another business cooperation them. Namaste is a global leader with a sensational management team. This Agreement, as well as our other partnerships with Namaste will benefit both companies as well as their respective shareholders. I’m also certain that both companies will find more ways to cooperate in the near future.”

Sean Dollinger, President and CEO of Namaste comments: – “We’re very proud of our various partnerships with Cannbit and love working with their team. This Agreement will bring great value to Namaste by leveraging Cannbit’s resources and expertise in the Israeli market. We see this is the beginning of a long-term relationship with our partner. We believe working with Cannbit under this Agreement is the best way for us to operate and grow in the Israeli market. As our database of Israeli customers grows every day, we look forward to launching new initiatives in Israel to capture more market share and in providing Israeli citizens with access to simple and convenient healthcare through NamasteMD. The idea for us is to keep building our database of customers, in order to overlap it with a domestic sales license and provide a fully-integrated platform for the sale of medical cannabis in the Israeli market. We’re looking forward to launching operations under the terms of this new agreement, exporting cannabis to the Canadian market when possible, and growing our Israeli division of the Company.”

About Cannbit Ltd.

Cannbit is focused on growing high-quality medical-grade cannabis with advanced technology and agriculture platform while utilizing the best human resources to produce the highest level of quality available that will effectively treat a wide range of illnesses. The Israeli government is expected to approve the export of medical cannabis and Cannbit intends to become Israel’s leading exporter for medical cannabis to legal jurisdictions around the globe. Cannbit’s facility is 10,000 square meters with an additional 13,000 square meters available for expansion and is located in Neot Hakikar, an area well known in the Israeli agricultural community with clear advantages in the cold seasons. Our cultivation is carried out in a sophisticated greenhouse that provides ideal conditions for a variety of cannabis strains. Cannbit’s management is comprised of a group of industry professionals in relevant disciplines.

About Namaste Technologies Inc.

Namaste Technologies is a global leader in the sale of medical cannabis consumption devices. Namaste has nine offices with multiple distribution centers around the globe and operates over 30 websites under various brands. Namaste has developed innovative technology platforms including NamasteMD.com, Canada’s first ACMPR compliant telemedicine application. The company is focused on patient acquisition through NamasteMD and intends on building Canada’s largest database of medical cannabis patients. The company’s subsidiary, CannMart Inc. is an ACMPR Licensed Producer pending receipt of a “sales-only” license, whereby the company will offer a large variety of medical cannabis sourced from domestic and international producers. Namaste will continue to develop and acquire innovative technologies which will provide value to the Company and to its shareholders as well as to the broader cannabis market.

On behalf of the Board of Directors

“Sean Dollinger”

Chief Executive Officer

Direct: +1 (786) 389 9771

Email: [email protected]

Further information on the Company and its products can be accessed through the links below:

NamasteTechnologies.com

NamasteMD.com

NamasteVapes.ca

Everyonedoesit.ca

FORWARD-LOOKING INFORMATION This press release contains forward-looking information based on current expectations. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management’s reasonable assumptions, Namaste assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by law. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this press release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors discussed in the Company’s disclosure documents which can be found under the Company’s profile on www.sedar.com. This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Neither the TSX Venture Exchange nor its market regulator has reviewed or approved the contents of this press release.

SOURCE Namaste Technologies Inc.

5 things to know about #cannabis from Ontario’s latest provincial budget $N.ca $NXTTF $TBP.ca

Posted by AGORACOM-JC at 1:21 PM on Thursday, March 29th, 2018

Growing flowers of cannabis intended for the medical marijuana market are shown at OrganiGram in Moncton, N.B., on April 14, 2016. THE CANADIAN PRESS/Ron Ward

The Canadian Press
Published Wednesday, March 28, 2018 4:21PM EDT

TORONTO – As the federal government moves to legalize marijuana for recreational users later this year, Ontario’s latest budget sheds light on the province’s approach to sales, distribution, enforcement and revenue expectations.

– The Ontario Cannabis Retail Corporation, an LCBO subsidiary created to manage sales and distribution of recreational pot in the province, is not expecting to generate profits immediately after legalization. It is expecting an $8-million loss in 2017-2018, followed by a $40-million loss in 2018-19, largely due to initial startup costs to establish the retail network. By 2019-20, the province is forecasting OCRC net income of $35 million, followed by $100 million in net income by 2020-21.

– In a bid to crack down on the black market for marijuana in Ontario, the provincial government is creating a Cannabis Intelligence Co-ordination Centre to shut down illegal storefronts.

– The province will create a specialized legal team to support drug-impaired driving prosecutions. As well, it plans to fund sobriety field test training for police officers to help detect impaired drivers.

– Ontario will be providing municipalities with $40 million over the first two years of legalization to help with the costs of dealing with recreational pot. The Ontario Cannabis Legalization Implementation Fund will be funded by Ontario’s portion of the federal excise duty on recreational cannabis, at 75 per cent.

– Ontario plans to apply the full Harmonized Sales Tax, at 13 per cent, to off-reserve purchases of recreational cannabis by a Status Indian, band or band council, similar to tobacco and alcoholic beverages. However, medical cannabis purchased off-reserve from a licensed producer will be eligible for a rebate of the eight per cent provincial portion of the HST.

Source: https://www.cp24.com/news/5-things-to-know-about-cannabis-from-ontario-s-latest-provincial-budget-1.3863067

How to Invest in Canada’s Coming Legal #Cannabis Boom $N.ca $TBP.ca $MCOA

Posted by AGORACOM-JC at 4:23 PM on Tuesday, February 13th, 2018
  • In just the first six weeks of 2018, 15 of Canada’s 28 public cannabis companies have raised a combined C$1.2 billion selling securities.
  • Many investors have opted instead to focus on Canada, which has a federally legal medical cannabis program and is on the cusp of becoming the first country with federally legal access for all adults

Investing in US-based cannabis companies can be tricky, but Canadian-based companies have few of the same legal risks. (MJ_Prototype/iStock)

For those looking to invest in the legal cannabis industry, companies in the U.S. offer a quandary. Since cannabis remains federally illegal, these companies are all at risk of prosecution, a risk that may have increased earlier this year when Jeff Sessions rescinded the Cole Memo, the departmental guidance that protected states and operators as long as they adhered to the memo’s eight principles.

In just the first six weeks of 2018, 15 of Canada’s 28 public cannabis companies have raised a combined C$1.2 billion selling securities.

Many investors have opted instead to focus on Canada, which has a federally legal medical cannabis program and is on the cusp of becoming the first country with federally legal access for all adults.

What makes the Canadian cannabis sector even more interesting than its ability to service its own population legally is that many of the licensed producers (LPs) are actively involved in international markets like Europe, Australia, Latin America and Israel.

These companies are not only able to export but are also in the process of applying for licenses to operate cultivation facilities in conjunction with local investors. Germany is a particularly exciting medical cannabis market due to insurance reimbursement and distribution through traditional pharmacies.

Your Options: 28 Public Companies

Health Canada, which oversees the licensing and regulation of the Canadian cannabis industry, has approved 89 licenses, some of which have been awarded to companies holding multiple licenses. There are 28 cannabis companies that trade publicly on the Toronto Stock Exchange, the TSX Venture Exchange or the Canadian Securities Exchange. Many of these have U.S. listings as well on the OTC.

So far in just the first six weeks of 2018, 15 of these public companies have raised a combined C$1.17 billion selling securities. This access to capital is a big difference between Canadian and U.S. cannabis companies. I expect that there will be another five or so trading publicly within the next three months.

I’ve created an index for those interested in tracking the performance of this sector: the Canadian Cannabis LP Index. I break it into three different segments, including Tier 1, the largest producers, Tier 2, those that are generating sales but not at the same scale as the leaders, and Tier 3, those companies that have received their license to cultivate but aren’t yet permitted to sell. Overall, the sector has performed very well over the past two years, though it has undergone a sharp correction over the past few weeks.

The top tier includes six companies that are all generating annual sales in excess of C$16 million. These include Aurora Cannabis, Aphria, CanniMed Therapeutics, MedReleaf, CannTrust Holdings and Canopy Growth. CanniMed and Aurora Cannabis are in the process of merging, with an expected closing next month. Note that Aurora Cannabis and Canopy Growth are clients of New Cannabis Ventures, where I serve as managing partner. This article is not intended to be a recommendation of these companies or any others that I mention.

Daily Trading Exceeds C$1 Billion

With the exception of CannTrust, which trades on the Canadian Securities Exchange, each of the others trades on the Toronto Stock Exchange. The combined daily trading value of Aphria, Aurora Cannabis and Canopy Growth has been exceeding C$1 billion regularly, meaning that investors can buy and sell these names without moving the market. The other 22 publicly-traded companies also provide reasonable liquidity for the most part.

At least two exchange-traded funds (ETFs) are heavily invested in Canadian LPs.

U.S. investors interested in buying Canadian licensed producers are best off opening an account that allows them to buy and sell Canadian securities directly, but it is also possible to buy the U.S. listings.

Another alternative is to consider exchange-traded funds (ETFs). I wasn’t a fan of Horizons Marijuana Life Sciences Index ETF when it debuted in April, but it has improved. At this point, Canadian LPs make up more than 80% of the Horizon ETF’s holdings. The fund manager is launching a second ETF this week, the Emerging Marijuana Growers Index ETF, which includes smaller companies, over half of which are Canadian LPs.

High Valuations, Higher Expectations

Despite the recent decline in prices, the valuations of Canadian LPs are high relative to their current rate of sales. Still, with legalization kicking in later this year, future sales are expected to rise substantially. Canopy Growth and Aurora Cannabis have market capitalizations of about C$6 billion, followed by Aphria at C$2.8 billion, MedReleaf at C$1.9 billion, CanniMed at C$882 million and CannTrust at C$793 million. The U.S market caps are about 20% lower based on the current Canadian dollar exchange rate of $0.795.

Bottom line: Canadian cannabis companies are perhaps safer investments than those in the U.S. due to being federally legal, but they have performed very well and may be overvalued despite a recent sell-off. Investors looking to capitalize on global cannabis opportunities should consider exploring this group of companies, which currently numbers 28 and is likely to expand in the near term.

Next up: I discuss the hazards of investing in the stocks of publicly-traded producers of CBD from industrial hemp.

As an owner of New Cannabis Ventures, Alan Brochstein works with several publicly-traded and privately held cannabis companies as he discloses here. In the event he mentions a company that is a client, he will disclose it in the article as well.Source: https://www.leafly.com/news/industry/how-to-invest-in-canadas-coming-legal-cannabis-boom