420 with CNW – How Cannabis Cultivators Are Using Tech to Boost Productivity, Reduce Costs

Hemp and marijuana growers are using advanced technologies to increase quality and yields, cut down on labor costs, and decrease water as well as optimize energy use. These technologies, which also help make cultivation facilities more productive, include products to control pests that don’t use chemical pesticides, smartphone-controlled technology to raise and lower lighting and LED bulbs, systems that control a grow-room environment remotely, and sensors to fine-tune lighting and control irrigation.

Some companies use sensors that enable cultivation operation managers to assess soil moisture using a software that can be viewed on a smartphone or computer. For instance, the director of cultivation at the Source in Las Vegas stated that his company recently began using grow-media water sensors that assist him in deciding when to irrigate the plants.

The director; Bill Campbell, revealed that the sensors, which cost no more than $100, notified him when they detected that some plants lacked sufficient water. Campbell noted that since the Source began using the sensors, water usage had dropped by more than 50%, adding that nearly 300 gallons of water are saved daily. The use of these sensors, he notes, has also increased cannabinoid and terpene production as well as the company’s yields.

Another vertically integrated cannabis and hemp firm, HillviewMed, is also using a system that has sensors which collect plant data. The data plays a crucial part in the company’s business strategy as it can be used to make various decisions including how much light the plants should get. Hillview CEO Kenneth Vandevrede notes that the data is a key tool in the company’s growth.

Chalice Farms’ director of cultivation Derek Rayhorn revealed that the data collected by its automated grow system helps in budgeting. The company uses technology that incorporates anemometers, humidistats and temperature sensors. He adds that the technology also allows him to remotely make adjustments to the system and monitor it.

LED lighting is also growing popular among cannabis growers, with the CEO of The Green Solution Steve Lopez revealing that the use of these lights has doubled plant sizes. Lopez adds that the company has also saved a lot on the energy side, noting that the company may soon hit their maximum yield and maximum potential.

SugarTop Buddery’s CEO Anna Kaplan is also using technology that doesn’t rely on chemicals to exterminate pests. The system in use at its Oregon facility creates a natural formulation with anti-pathogen, antifungal and antiviral properties, which is said to be very effective at killing pests.

Chalice Farms, and Chalice Brands Ltd. (CSE: CHAL) (OTCQB: CHALF) in general, is showing other industry players how beneficial it can be to use the latest and most innovative tech during the cultivation of marijuana for medical or recreational use.

NOTE TO INVESTORS: The latest news and updates relating to Chalice Brands Ltd. (CSE: CHAL) (OTCQB: CHALF) are available in the company’s newsroom at https://cnw.fm/CHALF

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

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CannabisNewsBreaks – American Cannabis Partners Replicating Jamaican Techniques to Create Distinct Product

American Cannabis Partners (“ACP”), a sustainable Jamaican experience canna-business innovator, is replicating the growing, feeding, temperatures, harvesting and curing processes of Jamaican techniques to create a product unlike those produced by any other grower in the United States. “An important factor in all of this is ACP’s close personal and positive relationship with the nation and people of Jamaica; a deep awareness of needs and not just business numbers,” reads a recent article. “American Cannabis Partners employs a staff that is 90% Jamaican, hand-picked through what the company describes as an extremely difficult vetting process. Selection requires not only the correct U.S. immigration status, but also at least 10 years of experience in Jamaican growing and processing with knowledge of certain strains and their characteristics that help ACP to gain a definable advantage in the organically grown cannabis industry.”

To view the full article, visit https://cnw.fm/oySaz

About American Cannabis Partners

American Cannabis Partners is a fully licensed, large scale and 100% organic cannabis cultivation company nationally headquartered in Trinity County of the Emerald Triangle. As business professionals and cultivators, the company focuses on four industry segments: real estate, cultivation, medical research, and non-profit groups. For both medical and recreational, American Cannabis Partners supplies multiple forms of raw product at wholesale prices for manufacturing, distribution and retail licenses. Its commodity pricing model enables stable profit margins for customers, and the company has expanded into multiple states. For more information, visit www.ACPFarms.com.

NOTE TO INVESTORS: The latest news and updates relating to American Cannabis Partners are available in the company’s newsroom at https://cnw.fm/ACP

About CannabisNewsWire

CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

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CannabisNewsBreaks – Sugarmade Inc. (SGMD) Moves Closer to Vertically Integrated Cannabis Model

Sugarmade (OTC: SGMD), an innovator in the dynamic California cannabis sector, has made a series of strategic acquisitions to strengthen its positioning in the industry. The company, already a central player in California’s expanding cannabis delivery space, is focused on developing a full farm-to-door vertically integrated cannabis business model. As part of this effort, Sugarmade recently signed a memorandum of understanding to obtain three non-storefront California cannabis licenses from the Los Angeles Department of Cannabis Regulation, as well as corresponding licenses from the California Bureau of Cannabis Control. The combined licenses provide the foundation for the opening of three new Nug Avenue cannabis delivery hubs in the Los Angeles metro area. In addition, Sugarmade recently acquired Lemon Glow Company Inc., along with its assets, interests, property and rights; a key piece of the acquisition included 640 acres of Lake County real estate located outside of the commercial cannabis cultivation exclusion zones. “This step brings us closer to closing the loop on what we believe to be one of the most promising vertically integrated cannabis models in the thriving California market,” a recent article quoted Sugarmade CEO Jimmy Chan. “We are setting the stage to improve margins while expanding end-market access, and to grow, refine, produce, distribute, sell, and home-deliver top cannabis products in the largest and fastest growing cannabis market on the planet. This acquisition positions us to achieve that objective with a significant capacity to scale as demand for our products and services grows over time.”

To view the full article, visit https://cnw.fm/SPg0h

About Sugarmade Inc.

Sugarmade is a product and branding marketing company investing in operations and technologies with disruptive potential. The company’s brand portfolio includes CarryOutsupplies.com, SugarRush(TM), Nug Avenue, Lemon Glow and Budcars. For more information, please visit www.Sugarmade.com.

NOTE TO INVESTORS: The latest news and updates relating to SGMD are available in the company’s newsroom at http://cnw.fm/SGMD

About CannabisNewsWire

CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

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CannabisNewsBreaks – Chalice Brands Ltd. (CSE: CHAL) (OTCQB: CHALF) Leveraging Perfect Fit in Oregon Footprint Expansion

Chalice Brands (CSE: CHAL) (OTCQB: CHALF), a consumer-driven cannabis company in medicinal and recreational marijuana market segments, recently announced the acquisition of Homegrown dispensaries, which brought a chain of five Oregon-based retail dispensaries under its umbrella. The acquisition, which comes as business is booming for cannabis companies, expands Chalice’s retail stores from 7 to 12 locations in the state of Oregon. “We have been diligently searching for the appropriate footprint expansion for our retail business in Oregon that represented the right fit and to be in a position to fund the acquisition,” Chalice Brands president and CEO Jeff Yapp was quoted in a recent article regarding the move. “Homegrown’s culture aligns perfectly within ours and provides an exceptional geographic compatibility with Chalice and offers an expansion into parts of Oregon in which Chalice does not operate currently. . . . Homegrown is a well-run retail operation with a very dedicated team at all five stores that we will continue to rely on as we go forward.”

To view the full article, visit https://cnw.fm/LMX8a

About Chalice Brands Ltd.

Chalice Brands is a premier consumer-driven cannabis company specializing in production, processing, wholesale, distribution and retail, with 12 dispensaries in Portland, Oregon. The company is committed to developing a dynamic portfolio built around the recognized brands of Chalice Farms, with a focus on health and wellness. Chalice Brands operates nationally through Fifth and Root and has operations in Oregon and California. Visit https://Investors.ChaliceBrandsLtd.com for regular updates.

NOTE TO INVESTORS: The latest news and updates relating to CHALF are available in the company’s newsroom at https://cnw.fm/CHALF

About CannabisNewsWire

CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

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CannabisNewsBreaks – The Alkaline Water Company Inc. (NASDAQ: WTER) (CSE: WTER) Announces Strategic CMO Appointment

The Alkaline Water Company (NASDAQ: WTER) (CSE: WTER), the country’s largest independent alkaline water company, today announced that Tom Hutchison has joined the company as chief marketing officer (“CMO”). Hutchison will lead the company in developing and implementing marketing strategies, including exciting new marketing campaigns and product collaborations with Shaquille O’Neal. “The management team and our board are delighted to find such a strong leader like Tom Hutchison to join our team,” said Ricky Wright, president and CEO of The Alkaline Water Company. “Tom will be leading our company’s first-ever comprehensive, omnichannel marketing campaign with the legendary Shaquille O’Neal. Combining Tom’s experience with Shaq’s unparalleled marketing prestige and business acumen is another huge step in building Alkaline88(R) into a household brand.”

To view the full press release, visit https://cnw.fm/JvCQO

About The Alkaline Water Company

Founded in 2012, The Alkaline Water Company is headquartered in Scottsdale, Arizona. Its flagship product, Alkaline88(R), is a leading premier alkaline water brand available in bulk and single-serve sizes along with eco-friendly aluminum packaging options. With its innovative, state-of-the-art proprietary electrolysis process, Alkaline88 delivers perfect 8.8 pH-balanced alkaline drinking water with trace minerals and electrolytes and boasts its trademarked label: Clean Beverage. Quickly being recognized as a growing lifestyle brand, Alkaline88 launched A88 Infused(TM) in 2019 to meet consumer demand for flavor-infused products. A88 Infused flavored water is available in six unique, all-natural flavors with new flavors coming soon. In 2021, The Alkaline Water Company was pleased to welcome Shaquille O’Neal to its board of advisors and to serve as the celebrity brand ambassador for the Alklaine88 and A88 Infused brands. To purchase Alkaline88 and A88 Flavor Infused products online, visit www.Alkaline88.com. To learn more about the company, visit www.TheAlkalineWaterCo.com.

NOTE TO INVESTORS: The latest news and updates relating to WTER are available in the company’s newsroom at http://cnw.fm/WTER

About CannabisNewsWire

CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

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420 with CNW — Novel Study Highlights Effects of High-Potency Cannabis on Memory

Until a few years ago, cannabis flower and edibles were the most common cannabis products on the market. The young state-legal sector enjoyed high demand and plenty of sales, but the industry blew up once concentrates hit the shelves. Concentrates have since become immensely popular, with businesses selling $797 million worth in 2020. However, while there has been an increasing number of studies on the effects of low-potency cannabis products, federal law has made it extremely hard for researchers to study high-potency cannabis.

Fortunately, researchers from Washington State University have found a way to study how high-potency cannabis affects memory without running afoul of federal law. The study, which is published in “Scientific Reports,” involved observing 80 participants over the video-conferencing platform Zoom as they consumed cannabis concentrates they had purchased for themselves in Washington state, which legalized adult use cannabis. The researchers then ran cognitive tests and found that, although the THC-loaded cannabis impaired free recall, source memory, and false memory identification, it did not impact the decision-making process.

Thanks to marijuana’s federal classification as a Schedule I controlled substance, this is just the second study on cannabis products with more than 10% THC. Running the study via Zoom, with the participants consuming their own cannabis at home, ensured the researchers did not step into a laboratory on federal property and kept the researchers from interacting with the cannabis.

The participants were split into four groups of 20; two groups used cannabis with more than 20% THC, with one of the groups using high THC cannabis that had CBD; another group vaped cannabis with CBD and 60% THC; and the last group remained sober. None of the cannabis groups were impaired in the decision-making tests, including confidence in knowledge and risk perception. In addition, memory tests found no major difference between the cannabis groups and the sober group. This includes prospective memory, which allows individuals to remember to do things later.

Additionally, the cannabis-using groups performed well on the temporal-order memory test, which tested how well they could remember the sequence of past events. However, the group that smoked high THC cannabis flower with CBD scored lower than the sober group in verbal free-recall trials, a measure of the ability to remember pictures or words they had been shown. The groups that didn’t consume cannabis flower with CBD, as well as the group that vaped concentrates with 60% THC, scored worse on a source-memory measure, which tested how well they could remember how previously learned information had been presented.

On top of that, all three cannabis groups performed poorly on a false-memory test where they were presented with a new word and, when asked if the word had been presented to them before, they tended to say it had not. Curiously, the researchers found that users of the 60% THC concentrates performed similarly to those who used lower-potency cannabis, probably because they were limiting their intake to keep their level of intoxication and impairment low.

As more researchers investigate the different ways in which various marijuana compounds affect people, the research teams are likely to benefit significantly from plant medicine dose-measuring devices such as the one made by RYAH Group Inc. (CSE: RYAH) because it will be possible to quantify how much cannabis study subjects are taking.

NOTE TO INVESTORS: The latest news and updates relating to RYAH Group Inc. (CSE: RYAH) are available in the company’s newsroom at https://cnw.fm/RYAH

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

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420 with CNW — Three Tips for Avoiding Regulatory Pitfalls While Cultivating Marijuana

Some of the states that have legalized medicinal and/or recreational use of cannabis also allow the plant to be cultivated. However, there are things a grower should know and do if they plan to grow marijuana in a regulated market and would like to avoid regulatory failure.

These include the following:

  • Acquainting themselves with regulatory compliance laws

Before you begin cultivating cannabis, ensure that you understand the laws in your state and are compliant with the regulations. Knowing the law for every process involved, including the safety tests required, will save you money and time.

Additionally, being knowledgeable about the regulations allows conversations with law enforcement, auditors and regulators to be easier. Transparency and mutual education are important, especially in new markets such as marijuana, as they help ensure that miscommunication and regulatory failure is avoided.

State regulations determine how a growing facility will operate, which is why understanding the requirements is crucial. Taking additional steps including carrying out nonregulatory testing will also reduce risk potential.

  • Setting up standard operating procedures

Establishing detailed operating procedures is a good way to defend yourself against regulatory failure and legal accusations. These procedures demonstrate how every task is to be performed, be it plant transportation or cutting a clone, as well as the equipment and materials to be used and the purpose, scope and reference documents.

It may be a bit difficult to establish standard operating procedures for a facility that is yet to be built, which is why you are advised to implement general procedures first. It is important to note that these procedures need to be refined as time goes by.

In addition to this, companies should introduce training programs that ensure that employees are up-to-date on current procedures. This information will be useful in decreasing potential economic crop loss from disease risks or pests, and establishes quality in the growing facility.

Experts recommend incorporating an Integrated Pest Management (“IPM”) procedure to avoid economic loss. An IPM includes five major principles. These include identifying possible pests, monitoring plants for pests, establishing action thresholds, implementing control tactics and recording all the results.

  • Design your facility to be efficient

Designing a growing facility with compliance and efficiency in mind and establishing your workflow properly significantly decreases cross-contamination risk. Overall, conducting regulatory testing when required, having standard operating procedures and training employees creates an environment for a successful growing facility. These practices are standard for U.S. FDA-regulated environments and big agricultural facilities.

Established cannabis companies such as Sonoma Biologics Corp. have mastered cultivating marijuana in ways that often go beyond the minimum standards stipulated by regulators, and the premium products they make provide vivid testimony to this strict adherence to set standards.

NOTE TO INVESTORS: The latest news and updates relating to Sonoma Biologics Corp. are available in the company’s newsroom at https://cnw.fm/Sonoma

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

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CBDNewsBreaks – Lexaria Bioscience Corp. (NASDAQ: LEXX) Releases Study Results Indicating DehydraTECH-CBD Lowers Blood Pressure

Lexaria Bioscience (NASDAQ: LEXX), a global innovator in drug-delivery platforms, has released results from its recent human clinical study focused on evaluating DehydraTECh(TM)-processed cannabidiol (“CBD”) for potential application against hypertension. The study, HYPER-H21-1, indicated a rapid, sustained drop in blood pressure with DehydraTECH-CBD as well as excellent tolerability. The partial results will be followed by more complete results afteradditional BP subset analyses and other data analyses are completed. According to the study’s lead investigator, Dr. Phil Ainslie, the early results appear to be extremely promising as blood pressure was reduced across both male and female volunteers and supported earlier findings that indicate DehydraTECH delivers superior performance over generic CBD controls. The results show potential for use in the at-risk hypertensive population and provide support for moving forward into more prolonged repeat dosing and longer-term clinical trials. The potential benefits these results show can be surmised by noting that other studies of coronary heart disease (“CHD”) report that lowering systolic pressure by 10 mm Hg or diastolic pressure by 5 mm Hg using any of the main classes of drugs reduced CHD events (fatal and nonfatal) by about a quarter and stroke by about a third, with heart failure also reduced by about 25%. “We are very encouraged by these early results in our 2021 hypertension program,” said Lexaris CEO Chris Bunka. “Lexaria’s technology enabled a rapid and sustained drop in blood pressure, especially systolic pressure and particularly in stage 2 hypertensive volunteers.”

To view the full press release, visit https://cnw.fm/ON9i1

About Lexaria Bioscience Corp.

Lexaria Bioscience’s proprietary drug-delivery technology, DehydraTECH(TM), improves the way active pharmaceutical ingredients (“APIs”) enter the bloodstream by promoting healthier oral ingestion methods and increasing the effectiveness of fat-soluble active molecules, thereby lowering overall dosing. The company’s technology can be applied to many different ingestible product formats including foods, beverages, oral suspensions, tablets and capsules. Since 2016, DehydraTECH has repeatedly demonstrated the ability to increase bioabsorption of cannabinoids and nicotine by up to 5 to 10 times, reduce time of onset from one to two hours to minutes, and mask unwanted tastes; the technology is planned to be further evaluated for orally administered bioactive molecules including anti-viral drugs, vitamins, nonsteroidal anti-inflammatory drugs (NSAIDs) and more. Lexaria has licensed DehydraTECH to multiple companies including a world-leading tobacco producer for the development of smokeless, oral-based nicotine products and for use in industries that produce cannabinoid beverages, edibles and oral products. Lexaria operates a licensed in-house research laboratory and holds a robust intellectual property portfolio with 21 patents granted and more than 50 patents pending worldwide. For more information about the company, please visit www.LexariaBioscience.com.

NOTE TO INVESTORS: The latest news and updates relating to LEXX are available in the company’s newsroom at https://cnw.fm/LEXX

About CBDWire

CBDWire (CBDW) is a specialized information provider focused on (1) reporting CBD-related news and updates, (2) releasing CBDNewsBreaks crafted to keep investors abreast of the latest and greatest in the CBD market, (3) refining and enhancing corporate press releases, (4) delivering end-to-end distribution and social media services to client-partners and (5) constructing effective corporate communication solutions based on the unique requirements of CBD companies. CBDW is exclusively positioned in the burgeoning CBD sector with a proven team of journalists and researchers working to deliver high quality content to an expansive target audience of investors, consumers and industry news outlets. Our dissemination network of over 5,000 downstream distribution points allows us to deliver unparalleled reach, visibility and recognition to companies operating in both cannabidiol and the wider cannabis space. CBDWire (CBDW) is where CBD news, content and information converge.

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CBDNewsBreaks – Hero Technologies Inc. (HENC) Eyes Strategic Business Plan Toward Vertical Integration

Hero Technologies (OTC: HENC), a cannabis company working toward vertical integration, is focused on a strategic business plan. This includes everything from genetic engineering of cannabis, cannabis cultivation space, and production and distribution licenses to consumer packaging, as well as retail and dispensary operations. “HENC’s growing portfolio includes a majority stake in BlackBox Systems and Technologies LLC, an aeroponic cannabis cultivation system that provides optimal conditions to enhance photosynthesis and cultivation of large flowering plants,” notes a recent article. “Hero Technologies is also planning expansion in cultivation and dispensary operations into both Colorado, through its wholly owned subsidiary Mile High Green LLC, and Massachusetts, through wholly owned subsidiary MassCannabis LLC. In addition, Hero Technologies owns and operates two hemp websites: HighlyRelaxing.com under Highly Relaxing LLC and VeteranHempCo.com.”

To view the full article, visit https://cnw.fm/XczD0

About Hero Technologies Inc.

Hero Technologies is a cannabis company working toward a vertically integrated business model. The company owns a majority stake in BlackBox Systems and Technologies LLC, an aeroponic cannabis cultivation system that provides optimal growing conditions to enhance photosynthesis and cultivation of large flowering plants, creating increased harvest efficiencies. Hero Technologies’ strategic business plan includes cannabis genetic engineering, farmland for both medical and recreational cannabis cultivation, production licenses, distribution licenses, consumer packaging, and retail and dispensary operations that make the company a multi-state operator (“MSO”). For more information about the company, visit www.HeroTechnologiesinc.com.

NOTE TO INVESTORS: The latest news and updates relating to HENC are available in the company’s newsroom at https://cnw.fm/HENC

About CBDWire

CBDWire (CBDW) is a specialized information provider focused on (1) reporting CBD-related news and updates, (2) releasing CBDNewsBreaks crafted to keep investors abreast of the latest and greatest in the CBD market, (3) refining and enhancing corporate press releases, (4) delivering end-to-end distribution and social media services to client-partners and (5) constructing effective corporate communication solutions based on the unique requirements of CBD companies. CBDW is exclusively positioned in the burgeoning CBD sector with a proven team of journalists and researchers working to deliver high quality content to an expansive target audience of investors, consumers and industry news outlets. Our dissemination network of over 5,000 downstream distribution points allows us to deliver unparalleled reach, visibility and recognition to companies operating in both cannabidiol and the wider cannabis space. CBDWire (CBDW) is where CBD news, content and information converge.

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CannabisNewsBreaks – Flora Growth Corp. (NASDAQ: FLGC) Announces LOI, Enters Promising Australian Medical Cannabis and OTC CBD Space

Flora Growth (NASDAQ: FLGC), an all-outdoor cultivator and manufacturer of cannabis-derived products and brands, as signed a Letter of Intent (“LOI”) with Evergreen Pharmacare Pty Ltd. Evergreen is a licensed importer and distributor of medical cannabis products based in Australia, and the LOI calls for Flora to provide raw and finished medical cannabis products for medical cannabis patients. Flora plans to ship the medical-grade cannabis products after the company obtains the correct export licenses and completes its first commercial harvest. The LOI is the second that Flora has signed since recent changes in Colombian law allow the company to sell and export raw cannabis materials, namely dried flower, in addition to derivatives. According to the company, the Australian medical cannabis market is forecast to surpass AU$200 million in 2021 and US$1.5 billion by 2025; some experts forecast that the pharmacist-only CBD market in Australia will reach AU$250 million with approximately 2 million consumers. A key factor in this growth is the decision by the Australian government to move cannabidiol (“CBD”) from Schedule 4 to Schedule 3, which makes it permissible to sell and buy CBD products over the counter. “The agreement with Evergreen will allow us to establish a local partner in Australia while generating incremental revenue from our Colombian cannabis facility and as legislation evolves within Australia,” said Flora Growth chief revenue officer Jason Warnock in the press release. “This agreement also provides significant potential upside by allowing us to work with Australian regulators directly and bring our premium brands and established product formulations to the over-the-counter CBD market. Down-scheduling CBD fits well with Flora’s long-term consumer product strategy of providing proven cannabinoid wellness and beauty products to consumers around the world and we are excited to work with our partners on this new opportunity.”

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About Flora Growth Corp.

Flora Growth is a cannabis company that leverages natural, cost-effective cultivation practices to supply cannabis derivatives to its diverse business divisions of cosmetics, hemp textiles, and food and beverage. As the operator of one of the largest outdoor cultivation facilities, Flora strives to market a higher-quality premium product at below-market prices. By prioritizing natural ingredients and value-chain sustainability across its portfolio, Flora creates premium products that help consumers restore and thrive. For more information about the company, please visit www.FloraGrowth.ca.

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CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

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