October 15, 2019
Bi-WEEKLY RECAP OF PORTFOLIO COMPANIES IN THE NEWS:
- Avicanna Announces First Commercial Sale of Pura Earth Derma-Cosmetics Line of CBD Products
- Planet 13 AnnounCes Customer Traffic For September 2019 And Provides An Update On Phase II Expansion
- Vivo Cannabis Reaffirms Timing Of First Harvest At Kimmetts and Additional 2020 Cultivation Plans
- Terrascend Canada Triples Licensed Cultivation and Processing Facility
- Jushi Announces Sale of Its Minority Stake Gloucester Street Capital For Cash and Equity
- Next Green Wave completes third Premium Cannabis Harvest
Avicanna Inc. (“Avicanna”, TSX: AVCN), part of CGOC’s public portfolio, is a biopharmaceutical company focused on the development, manufacturing and commercialization of plant-derived cannabinoid-based products.
October 2, 2019 – The sale was completed through Avicanna’s wholly owned subsidiary, Avicanna LATAM S.A.S., to Percos S.A. (“Percos”), Avicanna’s exclusive distributor of Pura Earth™ derma-cosmetics products in Colombia. The initial order from Percos included Avicanna’s Anti-Aging Treatment, Anti-Aging Serum, Clear Skin Treatment and Intensive Skin Conditioning Treatment, which are expected to be available for purchase in approximately 59 retail locations throughout Colombia later this month. Avicanna expects to launch the Pura Earth™ brand in additional international jurisdictions in early 2020.
To read the full release follow this link, to learn more about Avicanna please visit them at www.avicanna.com.
Planet 13 Holdings Inc. (“Planet 13”) (CSE: PLTH), part of CGOC’s public portfolio, is a leading vertically-integrated Nevada based cannabis company.
October 3, 2019 – Planet 13 announced that it served an average of 1,970 customers per day in September at an average ticket of $94.73 from the Planet 13 Las Vegas Cannabis Entertainment Complex. Construction on Phase II expansion, which includes a restaurant, café, event center, and customer-facing production facility, is largely complete as of October 1st, 2019. The restaurant is expected to open on or around October 11th, 2019 pending final inspection and approval from County and Health inspectors.
Vivo Cannabis Inc. (“Vivo”) (TSX-V: VIVO), part of CGOC’s public portfolio, based in Napanee, Ontario, is recognized for trusted, high-quality products and services and operates world-class indoor cultivation facilities with proprietary plant-growing technology.
October 3, 2019 – Vivo announced it expects to commence first harvest at its Kimmetts facility in Napanee, Ontario in the fourth quarter of 2019. VIVO also unveiled its 2020 plans for the facility, which include an accelerated planting schedule and the contemplated use of five additional acres of land adjacent to the existing airhouses. The announcements were made during VIVO’s analyst and investor day held in Napanee, where the Company showcased its airhouse technology, extraction programs and progress towards achieving EU GMP certification.
TerrAscend Cor. (“TerraAscend”) (CSE: TER), a part of CGOC’s public portfolio, is the first and only global cannabis company licensed for sales in Canada, the US, and the EU.
October 7, 2019 – TerrAscend announced that it received approval from Health Canada for significant expansion at its facility in Mississauga, Ontario. This approval increases licensed space at the Mississauga facility nearly three-fold from 17,800 sq. ft. to 51,800 sq. ft., and includes additional cultivation capacity, a commercial kitchen, formulation rooms and increased primary and secondary packaging capacity to allow for new product formats and extracts for the Canadian Cannabis 2.0 market.
Jushi Holginds Inc. (“Jushi”) (NEO: JUSH.B), part of CGOC’s public portfolio, is a globally- focused cannabis and hemp company led by an industry leading management team.
October 10, 2019 – Jushi announced the closing of the sale of its 16.5% ownership interest in Gloucester Street Capital (“Gloucester”), the parent company of Valley Agriceuticals and owner of one of ten New York licensed medical cannabis operators. Jushi previously purchased its 16.5% interest in Gloucester in February 2018 for US$5 million in cash. The sale is part of the Cresco Labs Inc.’s acquisition of Gloucester.
To read the full release follow this link, to learn more about Jushi please visit them at www.jushico.com.
Next Green Wave Holdings Inc. (“Next Green Wave”) (CSE: NGW), part of CGOC’s public portfolio, is a fully integrated premium cannabis producer with 8 legacy brands and over 45 products marketed through its WEARESDC brand house.
October 11, 2019 – Next Green Wave announced that it is processing its third cannabis harvest that will be sold for consumption as premium whole flower product, through its partner brands at selected dispensaries throughout California. The cannabis grown by NGW has consistently passed strict category three testing (CAT3) and meets all premium standards for the California market.
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