Lift&Co. Expo Vancouver 2023 to Introduce New Elements and Recognize Hidden Talents in the Cannabis Community

Join leading cannabis investors, processors, manufacturers, growers, brands, budtenders, retailers, educators, advocates, regulators and more at the Lift&Co. Vancouver Expo, 2023, being held from January 12-14, 2023, at the Vancouver Convention Centre. As Canada’s number-one cannabis conference and trade show, the event will bring unique and innovative ideas and elements as part of an immersive experience that keeps the audience engaged over the course of three days.

Day one begins with the Lift Cannabis Business Conference, a business-oriented strategy-focused conference focused on the growth and development of the Canadian cannabis community. Industry stalwarts and fresh voices from the cannabis arena will discourse on important topics, including The ‘Team Canada’ Approach, Advocacy & Lobbying, Cannabis Blockchain, Raising Capital, Indigenous Cannabis, and Speed Breeding, as part of a leading-edge agenda.

Businesses and brands from across the cannabis industry then have the opportunity to showcase their products and innovations at the Lift&Co. Expo, open on days two and three of the event. The cannabis community can meet and interact with exhibitors to exchange ideas and build long-lasting relationships. The high-intensity networking and interactive sessions throughout the two “expo days” of the Lift&Co. Expo are not to be missed.

In addition, new elements featuring at the expo include a Brand Discovery Pavilion and Cannabis Retailer Zone, as well as a brand-new Budtender Program, designed to honor the unsung heroes of the cannabis industry with free entry and a dedicated lounge, among other perks. Capping off the event, an after-party for attendees to enjoy, mingle and develop new bonds will take place on the evening of Saturday, January 14, 2023.

To learn more, please visit https://cnw.fm/I3bkW

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 – Flora Growth Corp. (NASDAQ: FLGC) Announces Webcast to Discuss M&A, International Markets

Flora Growth (NASDAQ: FLGC), a leading all-outdoor cultivator and manufacturer of global cannabis products and brands, has scheduled an analyst call for Oct. 26, 2022, at 2 p.m. EST. According to the announcement, the call will focus on the company’s recent M&A activity as well as growth opportunities in the international space. Leadership from Flora Growth, along with Franchise Global Health Inc., will be on the call to discuss the recent definitive agreement that two companies have signed regarding acquisition; discussion will also center on global opportunities within the cannabis industry. Through its subsidiaries, Franchise Global Health is a multinational operator in the medical cannabis and pharmaceutical industries, with principal operations in Germany along with operations, assets, strategic partnerships and investments internationally. Flora Growth encourages analysts to attend the conference call or live webcast, which will also include a Q&A session. A replay of the event will be available on the company’s website following the call.

To access the event, visit https://cnw.fm/mBies

To view the full press release, visit https://cnw.fm/EHA7B  

About Flora Growth Corp.

Flora Growth is building a connected, design-led collective of plant-based wellness and lifestyle brands designed to deliver the most compelling customer experiences in the world, one community at a time. As the operator of one of the largest outdoor cannabis cultivation facilities, Flora leverages natural, cost-effective cultivation practices to supply cannabis derivatives to its commercial, house of brands, and life sciences divisions. For more information about the company, please visit www.FloraGrowth.ca.

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

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.

To receive SMS text alerts from CannabisNewsWire, text “Cannabis” to 844-397-5787 (U.S. Mobile Phones Only)

For more information please visit https://www.CannabisNewsWire.com

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Lexaria Bioscience Corp.’s (NASDAQ: LEXX) Potential Hypertension Medication Poised to Reduce Risk of Blood-Pressure-Induced Dementia, Cognitive Decline

  • Lexaria Bioscience is a global innovator in drug delivery platforms that has developed the patented DehydraTECH(TM) technology for improved delivery of bioactive compounds
  • The company is currently evaluating DehydraTECH-processed CBD as a potential treatment for high blood pressure
  • Long-term studies have shown that high blood pressure can increase the risk of developing dementia in later life
  • Experts, however, believe that hypertension medication could slow the pace of the cognitive decline
  • In addition to helping hypertension patients keep their condition under control, Lexaria’s DehydraTECH-CBD, which has so far been shown to be safe and well tolerated, could potentially help reduce the risk of dementia

Blood pressure or BP typically refers to the pressure exerted by circulating blood against the walls of blood vessels, particularly large arteries and veins. This pressure fluctuates throughout the day depending on the activity in which one engages. However, in some instances, it can consistently cross the normal threshold, a condition known as high blood pressure or hypertension. Usually, and based on a 2017 guideline, a person is said to have high BP when the top reading on the blood pressure monitor, which represents the systolic blood pressure, is greater than 130 mmHg while the bottom reading, which denotes the diastolic pressure, is above 80 mmHg (https://cnw.fm/NVuKL).

The constant exertion of elevated pressure on blood vessels damages them by making them less elastic. According to the Centers for Disease Control (“CDC”), this decreases the flow of blood and oxygen to the heart and other body organs. And it is this depressed blood flow that causes progressive damage to organs such as the brain. Long-term research studies have, in fact, shown that high blood pressure among people who are around 40 to 64 years old can increase the risk of developing dementia in later life (https://cnw.fm/jlsp7).

One such study, which probed the relationship between high blood pressure and later-life cognition and was published recently in the Journal of Alzheimer’s Disease, found that “people with high blood pressure levels face faster erosion of their ability to think, make decisions, and remember information than those with normal blood pressure levels” (https://cnw.fm/dc192). And although the study’s findings suggest that hypertension causes faster cognitive decline, they fortunately also indicate that taking antihypertensive drugs could slow the pace of that decline, according to the study’s lead author Deborah Levine, M.D., M.P.H, the director of the Cognitive Health Services Research Program at the University of Michigan.

But while hypertension medication is linked to such benefits, patients often shun them, citing their adverse side effects. The resulting suboptimal adherence to existing drugs has given rise to a worrying statistic – according to the CDC, only about 24% of adults with hypertension have it under control, yet the condition causes over 670,000 deaths every year in the United States alone (https://cnw.fm/z3uul).

However, one company, a publicly traded global innovator in drug delivery technology known as Lexaria Bioscience (NASDAQ: LEXX), is out to improve medication adherence and subsequently help prevent the cognitive decline linked to high blood pressure. For Lexaria and the hypertension patients it is targeting, the solution, which is still under development and evaluation, lies in DehydraTECH(TM)-processed cannabidiol (“CBD”).

In isolation, CBD has exhibited vasodilatory and antioxidant properties in humans and animals (https://cnw.fm/ivs39). Its positive effects on blood pressure have also been documented in various research articles, with one such study, which sampled 26 healthy males who were given 600 mg of CBD or placebo orally for seven days, finding that CBD reduces blood pressure at rest after a single dose, although the effect is lost after seven days of treatment. Still, the study showed that CBD resulted in prolonged BP reduction during stressful situations (https://cnw.fm/uk4w0).

These positive results notwithstanding, CBD is known to have a low oral bioavailability – the proportion of the ingested drug that enters the circulation. According to various reports, the oral bioavailability of CBD stands at approximately 6% (https://cnw.fm/8uDkQ), suggesting that users could potentially extract greater BP-related benefits.  For Lexaria, which had developed and patented the DehydraTECH technology that enhances the bioavailability and bioabsorption of various lipophilic active pharmaceutical ingredients (“APIs”), this represented an opportunity that the company then exploited by processing CBD with DehydraTECH.

In a 2018 study, Lexaria observed that DehydraTECH delivered 317% more CBD to the blood than controls. And since then, the company has undertaken multiple human clinical studies. In three of the four studies, Lexaria has evidenced that DehydraTECH-CBD results in a rapid and sustained drop in BP, causes a 23% average reduction in overnight blood pressure and reduced arterial stiffness, and triggers attenuated pulmonary artery systolic pressure (https://cnw.fm/9DdBv). Results are pending from Lexaria’s largest ever human clinical trial, where dosing completed in July.

Backed by the positive findings, Lexaria sought and held a pre-Investigational New Drug (“IND”) meeting with the U.S. FDA, whereupon it received positive feedback and confirmation that supports an abbreviated regulatory pathway in line with section 505(b)(2) of the Federal Food, Drug, and Cosmetic Act (“FD&C Act”). Currently, the company is undertaking requisite processes that are expected to culminate in the filing of an IND application later this year or early next year (https://cnw.fm/6fBVu). Upon submitting the IND filing and receiving a response from the FDA, Lexaria will have the green light to proceed with registered clinical trials.

For more information, visit the company’s website at 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 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.

To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)

For more information please visit https://www.CannabisNewsWire.com

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: http://CNW.fm/Disclaimer

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420 with CNW — UCLA Scientists Close to Finalizing Marijuana Breathalyzer

New research by scientists at UCLA has developed a cannabinoid fuel cell prototype that can detect THC, the compound responsible for inducing a high when marijuana is consumed, in a person’s breath. ElectraTect, a UCLA startup, is testing the device, which it believes offers a foundation for the development of a cannabis breath analyzer that is similar to the breathalyzers used to test for alcohol in an individual’s breath. The lab device has been designed to detect the presence of THC and measure its concentration in a solution.

The researchers reported their findings in the “Organic Letters” journal. They stated that this technology could offer an accurate gauge of how much THC was present in an individual’s system, in comparison to current methods. They also explained that using saliva, urine or blood to test for THC presence could produce skewed results, especially since this psychoactive compound could remain in an individual’s bodily fluids for weeks after they had consumed cannabis.

In their report, the researchers stated that there existed a need for a fair forensic tool which could detect THC in a short window of impairment. They explained that this would be welcome, especially in countries and states where cannabis had been legalized or decriminalized, because traditional methods could lead to prosecution, imprisonment, loss of employment or fines, even if the person in question wasn’t intoxicated when they were tested.

The use of marijuana has been linked to motor and cognitive impairment, with certain nations, including Canada, establishing a THC cutoff for drivers based on the level of concentration of the psychoactive compound in their blood.

The laboratory device works in a way that is similar to alcohol breathalyzers. The sample collected in the solution undergoes oxidation, which strips hydrogen molecules from THC to generate an electric current that can be measured. The electric current’s strength directly corresponds to how much of the psychoactive compound is present in the collected sample. The stronger the current is, the higher the THC concentration.

The oxidation process used in the device was investigated by the scientists in research that was also published in 2020 in the “Organic Letters” journal.

The researchers are now focused on findings ways to make the device smaller so it can be used for inexpensive and rapid cannabis testing. They hope that future devices will be able to test for both THC and alcohol, which will help reduce impaired driving significantly. Reliable technologies that can prevent cannabis users from being wrongfully categorized as impaired are likely to gain widespread support from the industry as well as companies such as Flora Growth Corp. (NASDAQ: FLGC) since it is in everyone’s interest to ensure there’s responsible use of marijuana so that public safety is protected.

NOTE TO INVESTORS: The latest news and updates relating to Flora Growth Corp. (NASDAQ: FLGC) are available in the company’s newsroom at https://cnw.fm/FLGC

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 — Biden’s Marijuana Pardons Could Give State Legalization Drives a Boost

President Joe Biden announced that he was granting pardons to all individuals convicted on minor federal marijuana possession charges; ex-convicts on such charges would also have their criminal records expunged. President Biden also asked governors to take similar steps regarding state-level cannabis offences. In addition, the president asked the U.S. Department of Justice and the U.S. Department of Health & Human Services to expeditiously review the scheduling of marijuana in the 1970 Controlled Substances Act.

These actions of the head of state come at a time when the country is gearing up for midterm elections in a few weeks, and experts say the announcements of the president are likely to affect the way voters view the marijuana legalization ballot measures before them in at least five states. At the moment, 19 states have legal markets for recreational marijuana and dozens more run medical marijuana programs. According to Eddie Armstrong, a leading campaigner for the legalization of adult-use marijuana in Arkansas, this is clear proof that states are providing the leadership needed to respond to the evolving needs of citizens. According to this former state-level lawmaker, the federal government is being shown the way it should take by the states which have enacted cannabis reforms.

Armstrong believes that Biden’s directives are likely to sway undecided Arkansas voters toward supporting the legalization effort even though the state is strongly Republican. After all, it was the first in the region to approve medical cannabis back in 2016. This was also through a voter initiative.

In nearby Missouri, there is a voter initiative as well that seeks to end the prohibition of marijuana. John Payne, who is leading Legal Missouri 2022 in the push to have recreational cannabis legalized at the ballot this year, says that the call for governors to pardon those in jail for simple cannabis possession and expunge similar records could benefit hundreds of thousands within the state. However, his view is that Missouri residents know that there is distinction between federal policy and state policy. He therefore doesn’t see that apparent change of heart at the White House will significantly influence how Missouri voters cast their ballots next month.

In a similar vein, campaigners for marijuana legalization in North Dakota don’t intend to tweak their messaging in order to incorporate Biden’s declarations about the absurdity of jailing people for simple cannabis possession. Mark Freise, who once served as a police officer and transitioned into a lawyer in North Dakota, says historically, the state hasn’t paid a lot of attention to prosecuting simple cannabis possession; he notes there is likely to be no impact after the call made by Biden. Freise is the treasurer of the group pushing for recreational marijuana legalization in North Dakota.

When all is said and done, the marijuana industry across the country and its established actors such as American Cannabis Partners look forward to seeing more states ending prohibition so that the industry can make positive contributions towards creating employment, generating tax revenue and helping to rebuild communities.

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 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.

To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)

For more information please visit https://www.CNW420.com

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW420, wherever published or re-published: http://CNW.fm/Disclaimer

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REZYFi, Inc. Helps Cannabis-Related Businesses Succeed in California Through Alternative Finance Success

  • The global cannabis market is expected to reach $27.7 billion in 2022, growing at a CAGR of 24.3% through 2027, resulting in an anticipated value of $82.3 billion during the 
  • forecast period
  • REZYFi is positioned as one of the first cannabis mortgage bankers in the United States, using its experience, independent network of brokers, and proprietary technology, to expand alternative financing options in the industry
  • The company is currently licensed in 36 states with plans to expand in the future

California began paving the way for cannabis-related businesses in 1996 when voters passed the Compassionate Use Act, legalizing the medicinal use of cannabis. Today, the state has legalized medicinal and recreational use and offers resources for businesses looking to gain traction in the industry. The California cannabis industry is highly regulated to ensure businesses operate safely, provide contaminant-free products, inform purchasers, and keep cannabis away from children. The state has established statutes, regulations, and ordinances that work together to build and protect the cannabis industry for businesses and consumers.

Although cannabis is becoming accepted at the state level, there are still hurdles the industry must overcome due to federal regulations – primarily in the traditional banking industry. To succeed, businesses require the use of financial institutions to pay for expenses, save money, manage risk, finance operations, and more, financing which can be difficult for cannabis-related businesses to obtain.

The cannabis market is expected to reach a global value of $27.7 billion in 2022. By 2027, research indicates that this value could grow to $82.3 billion at a CAGR of 24.3% (https://cnw.fm/n95Fj). The market’s growth is attributed to legalization, with cannabis-related tourism expected to drive the trends of cannabis-related product offerings and destinations offering mass appeal to Gen Z consumers.

REZYFi, a growth mortgage origination and specialized financing company, is positioned as one of the first cannabis mortgage bankers in the US, an area most traditional lenders are reticent to serve. The company operates through two wholly-owned subsidiaries – REZYFi Lending and ResMac Inc. – offering solutions for emerging real estate-related financing opportunities and traditional mortgage origination, correspondent, and servicing.

The company is using its corporate strengths as pillars for success:

Experience – a seasoned management team leads REZYFi with expertise spanning a wide range of real estate and financing subsectors. The team members also have extensive experience in the cannabis and hemp marketplace, which they intend to leverage as it navigates the changing landscape of the cannabis industry while sourcing the best opportunities.

Independent Broker Network – REZYFi has created an extensive network of independent mortgage-related brokers and licensed loan officers over the past five years. The company believes this network will be vital as they move forward in the mortgage and cannabis-related sectors. The company is working on training network members on its new service offerings, with many of them already launching sales efforts.

Proprietary Technology – REZYFi has invested heavily in designing, building, and implementing proprietary automated/machine learning technology that helps shorten loan processing timeframes and increase efficiency. This allows REZYFi to operate its legacy business at staffing levels below that of its competition.

REZYFi is currently licensed in 36 states, with plans to extend coverage to the remaining states in the future.

For more information, visit the company’s website at www.REZYFi.com.

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

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.

To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)

For more information please visit https://www.CannabisNewsWire.com

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: http://CNW.fm/Disclaimer

Do you have questions or are you interested in working with CNW? Ask our Editor

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CannabisNewsWire is part of the InvestorBrandNetwork.

CannabisNewsBreaks – Flora Growth Corp. (NASDAQ: FLGC) Enters into Acquisition Agreement with German-Based Pharmaceutical, Medical Cannabis Distributor

Flora Growth (NASDAQ: FLGC), a leading all-outdoor cultivator and manufacturer of global cannabis products and brands, has inked a definitive agreement with Franchise Global Health Inc. (TSX.V: FGH), a multinational operator in the medical cannabis and pharmaceutical industry. The agreement outlines Flora Growth’s plans to acquire 100% of Franchise Global Health, which has principal operations in Germany, in an all-stock transaction. According to the agreement, the acquisition gives FLGC a foothold in German’s medical cannabis space because FGH’s German businesses service an estimated 1,200 pharmacies in the country; FGH also provides noncannabis medical products to 28 additional countries. In the first six months of this year, FGH reported revenue of approximately C$30.1 million; total aggregated reported revenues for both companies for the period ended June 30, 2022, reached $38.6 millionThe agreement calls for Flora Growth’s indirect acquisition of FGH’s subsidiaries, including Phatebo GmbH, a leading distributor of export pharmaceuticals and medical cannabis products to the European Union, and ACA Müller ADAG Pharma Vertriebs GmbH, which holds the first German medical cannabis import and distribution license ever granted. “Through this proposed acquisition, we are connecting our commercial infrastructure and medical cannabis product portfolio to the German and EU medical markets, while gaining direct access to European pharmaceutical distributions,” said Flora Growth chair and CEO Luis Merchan in the press release. “We believe Franchise will significantly increase our commercial international revenue and provide essential distribution to German pharmacies and a growing wholesale market.”

To view the full press release, visit https://cnw.fm/Hjoj7

About Flora Growth Corp.

Flora is building a connected, design-led collective of plant-based wellness and lifestyle brands that delivers the most compelling customer experiences in the world, one community at a time. As the operator of one of the largest outdoor cannabis cultivation facilities, Flora leverages natural, cost-effective cultivation practices to supply cannabis derivatives to its commercial, house of brands, and life sciences divisions. For more information about the company, please visit www.FloraGrowth.ca.

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

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.

To receive SMS text alerts from CannabisNewsWire, text “Cannabis” to 844-397-5787 (U.S. Mobile Phones Only)

For more information please visit https://www.CannabisNewsWire.com

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Advanced Container Technologies Inc. (ACTX) Leaders Talk Game-Changing Microfarm Growing Option on Episode of Leading Podcast

  • ACTX CEO Doug Heldoorn, Grow Pod inventor Shannon Illingworth discuss the innovative microfarm option on recent Gamechangers LIVE podcast
  • Discussion focuses on history of company, significant health and safety benefits of Grow Pods
  • Company is dedicated to developing, manufacturing and selling advanced cultivation equipment and packaging systems

Advanced Container Technologies (OTC: ACTX) chair and CEO Doug Heldoorn was a featured guest on a recent episode of the Gamechangers LIVE podcast (https://cnw.fm/3xv5t). Heldoorn was joined by Shannon Illingworth, inventor of Grow Pods, the microfarm containers that ACTX distributes throughout the United States. During the podcast, the two men discussed the origins of Advanced Container Technologies and its potential to change the future of farming  (https://cnw.fm/Ip42j).

“When I was speaking with Shannon — I’ve known him for 15 years — we were all in the same space,” said Heldoorn during the interview. “He was talking about growing these organic superfoods. It all flowed together, which was pretty cool. . . . There was an opportunity to merge and get our brains together working toward a common goal of what’s missing in society right now.

“One [Grow Pod] will grow an acre of food with a third of the water it takes [for traditional farming] and less space, with no metals or toxins,” he continued. “Everybody right now is right on that bandwagon of doing things healthier and more responsible to the environment. We really think we’re on to something that’s going to be incredible.”

Advanced Container Technologies is dedicated to developing, manufacturing and selling advanced cultivation equipment, proprietary packaging systems, and a variety of other products to help businesses and entrepreneurs enter or expand in the rapidly growing cannabis and hemp markets. One of the company’s main business units is focused on selling Grow Pods, which are advanced, self-contained hydroponic containers. These innovative automated systems are essentially microfarms that can be placed virtually anywhere and, with its controlled and specially filtered environment, allow cultivation of a wide variety of crops, 365 days a year.

“The good thing about the [Grow Pods] container is that it can give traditional farmers a niche where they can grow year-round versus three or four times per year,” said Illingworth. “We can really revolutionize what’s going on in our society. People don’t realize that we get the majority of our produce through just two states – Arizona and California. By the time [food] gets across state lines, it’s already stale. . . . We give the ability to be farm to table. . . . There’s no reason why every state can’t be agriculture independent and growing year-round.”

The Gamechangers LIVE podcast was hosted by executive coach Sergio Tigera; the podcast series is designed to shine the spotlight on individuals who are gamechangers in their fields and provide a venue for them to share perspective on their journeys, mindsets, struggles and successes in an effort to inspire and inform listeners.

Advanced Container Technologies is in the business of selling and distributing self-contained, automated, indoor micro-farms called Grow Pods, along with related equipment and supplies. Additionally, the company designs and sells patented proprietary medical-grade plastic containers, known as the Medtainer(R) that store and grind pharmaceuticals, herbs, teas and other solids or liquids.

Click here to view the Gamechangers LIVE podcast.

For more information, visit the company’s website at www.AdvancedContainerTechnologies.com.

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

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 — New Data Shows That Less Than 10% of Canadian Marijuana Licensees Exited Growing Industry

New data from the Canadian government shows that less than 10% of federal marijuana license holders have left the market since the plant was legalized in 2018. This data suggests that industry forecasts of a decrease in marijuana producers in the market has not occurred, as new entries into the hypercompetitive market surpass those exiting by a wide margin.

The new data was released as part of the Canadian government’s engagement paper for the Cannabis Act review. The public engagement paper also asks questions relevant to the industry to help gather feedback; that feedback will be used by the government to inform the legislative review of the law.

Since October 2018, about 95 marijuana license holders left the burgeoning industry. Of this number, 67 held standard licenses, which face no canopy limits; 13 held licenses for sale for medical purposes only; and the remaining were micro-license holders.

The data doesn’t delve into why the licensees left the market. However, industry experts believe that marijuana businesses suffer from overtaxation, which makes it hard to operate in the increasingly competitive market. In this environment, businesses often have to restructure or find new investors to help them compete, which is easier said than done. At the moment, Canada has only 920 active federal marijuana licenses.

An analysis of the data also shows that the most profitable marijuana businesses in the country are government owned while profits generated from the private sector are uncommon. In addition, the data showed that cultivators in the country produced roughly 618 tons of dried marijuana last fall, which brought the total amount stored by licensed retailers, wholesalers and producers to 1.4 billion grams.

It also showed that about 43% of dried marijuana production in the country in the period between October 2019 and December 2021 was generated by 10 standard license holders. In comparison, less than 1% of all marijuana production in the country was generated from 178 holders of micro-licenses.

These numbers come as the country’s legal market grows and displaces the illegal market. The recently released data also demonstrated that by the fourth quarter of 2021, legal marijuana sales were two times higher than sales in the illicit market.

In figures, combined recreational and medical marijuana sales in legal channels hit C$1.3 billion during the fourth quarter of 2021 while sales in the illegal market declined to C$660 million during the same period. The Canadian government remains committed to combating the illicit market by providing consumers with the ability to purchase marijuana from regulated and legal sources.

It would interesting to see a similar attrition analysis done for the different marijuana markets within the United States, including jurisdictions where established actors such as Advanced Container Technologies Inc. (OTC: ACTX) operate alongside mainstream marijuana companies.

NOTE TO INVESTORS: The latest news and updates relating to Advanced Container Technologies Inc. (OTC: ACTX) are available in the company’s newsroom at https://cnw.fm/ACTX

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 — How President Biden’s Marijuana Directives Could Affect the Industry

After about 50 years of legally sanctioned prohibition in the United States, marijuana has reached a pivotal moment that could rewrite the industry as it currently stands. Earlier this month, President Joe Biden directed the relevant federal agencies to conduct an exhaustive review into the scheduling of cannabis in the Controlled Substances Act. That directive has set in motion a process that could end in one of an endless list of possible outcomes, and only the most foolhardy of “analysts” can authoritatively predict what the outcome will be.

For example, the review process could recommend a continuation of the status quo, that is, marijuana remains in Schedule 1 of the CSA. However, as the president himself commented, this doesn’t make sense. For instance, there is no currently documented lethal dose of marijuana because no fatality can at the moment be linked to an overconsumption of marijuana.

However, the very categorization of cannabis as a Schedule 1 drug means that there will be a big mountain to climb for marijuana to be removed from this strictest categorization because cannabis research is in its relative infancy. In the highly likely event that it is removed, the big question would be: Where does it go? Schedule 2, also highly restricted but with the proviso that substances in this group can be used under medical supervision, would be the worst possible review process outcome for marijuana.

This is because any marijuana product that is sanctioned to go to market would have to pass the rigorous FDA approval process, and then it wouldn’t be sold for recreational use because Schedule 2 drugs are medicines that can only be accessed by prescription. In short, this would be like a death blow to the legal marijuana industry as we currently know it.

There are six schedules in the CSA, and the ideal outcome for the marijuana industry would be for the substance not to appear in any of those categories. The reason for this is because a measure of FDA oversight is mandated in each category, and FDA processes aren’t exactly what the medical or marijuana industries are built for. The desired tax relief can come via putting marijuana in Schedules 3 or 4, but that would be little comfort because at those levels, products would only be available under doctors’ orders.

The best scenario is for Congress to pass a law decriminalizing marijuana and granting states permission to decide for themselves how to regulate this now federally decriminalized substance. Such a law can render null and void any policy change resulting from the review process triggered by Biden’s orders.

As things stand, there is no telling where this review process will lead, and Biden may have unknowingly kick-started a process that could accelerate the path to marijuana legalization or make life for the existing auxiliary industry players such as REZYFi Inc. harder as more onerous federal rules affecting how companies serving the marijuana industry are required to report their dealings to federal regulators.

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

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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