Author: CannabisNewsWire (CNW)

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 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

CannabisNewsBreaks – Sugarmade Inc. (SGMD) Executes on Collaborative Cannabis Cultivation Model

Sugarmade (OTC: SGMD), an emerging company in the licensed cannabis sector, today announced its first transaction relative to its collaborative cannabis cultivation strategy via a definitive and executed contract with Cannabis Global Inc. (OTC: CBGL). Under the agreement, Sugarmade, via partner licensed and permitted Lake County, California, cannabis cultivators, will produce approximately 25,000 pounds of “Fresh Frozen” cannabis, which Cannabis Global will use in its product lines and distribute to the California marketplace. “As we recently announced to our shareholders, we see a strong business model of utilizing now idle resources of other California cultivators who have decided they can no longer afford to cultivate cannabis and market their biomass into the marketplace,” said Jimmy Chan, CEO of Sugarmade. “This new model will allow local Lake County, California, cannabis companies to remain in business to do what they do best — cultivate cannabis — while allowing Sugarmade to concentrate on distribution and marketing of cannabis flower and manufactured products.”

To view the full press release, visit https://cnw.fm/iLd2W

About Sugarmade Inc.

Sugarmade is a product and branding marketing company investing in operations and technologies with disruptive potential. The company’s portfolio includes CarryOutsupplies.com, SugarRush, 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.

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

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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CannabisNewsBreaks – Flora Growth Corp. (NASDAQ: FLGC) Launches New Skincare Line Ahead of Luxury Meets Cannabis Conference

Flora (NASDAQ: FLGC), a leading all-outdoor cultivator and manufacturer of global cannabis products and brands, today announced the launch of a new skincare line under its brand, MIND Naturals (“Mind”), ahead of the Luxury Meets Cannabis Conference (“LMCC”) in New York City. Mind is inspired by its Colombian roots and leverages superfruits and nutrients native to Colombia for its new non-CBD line of skincare products. “This is a very exciting launch from MIND Naturals and Flora – the U.S. skincare market alone presents a unique opportunity for growing all-natural skincare brands, with annual revenue of approximately $17.6 billion,” said Flora Growth CEO Luis Merchan. “Consumers of every age, ethnic background and gender can benefit from investing in skincare, and a clean skincare regimen is key to balance and wellness. We look forward to sharing these new Mind products with attendees at the Luxury Meets Cannabis Conference in New York.”

To view the full press release, visit https://cnw.fm/oCaL7

About Flora Growth Corp.

Flora is building a connected, design-led collective of plant-based wellness and lifestyle brands delivering 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 diverse business divisions of cosmetics, hemp textiles, and food and beverage. Visit www.FloraGrowth.ca or follow @floragrowthcorp on social for more information.

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

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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O’Cannabiz Conference Expo & Awards To Buzz With Cannabis Business And Discussions

Witness the immersive experience of Cannabis trade shows, retail summits, awards functions along with high-intensity networking among the veterans and global dignitaries of the cannabis business in Canada at the International Centre, Toronto, Canada. Cannabis enthusiasts, traders, researchers, and activists are invited to attend the 2-day O’Cannabiz Conference Expo & Awards from June 1-3rd 2022.

Budding entrepreneurs can leverage this phenomenal stage where influential industry stalwarts will grace the occasion with their presence. Get valuable tips and learn the intricate strategies of the trade from Steve De Angelo, the father of the legal cannabis industry in his keynote address to the audience. Steve De Angelo along with Tommy Chong will be felicitated with lifetime achievement awards where attendees can witness the honors live in person.

The O’Cannabiz event offers tremendous networking scope across the length and breadth of the global as well as Canadian audience. Newbies can connect with influencers and reputed entities to learn and discuss the future of cannabis across different sectors in Canada. The role of cannabis, from non-psychedelic uses, healing debilitating mental conditions, drug development, clinical applications, and its creative impact, to name a few, is huge. This conference is a great networking medium where thought leaders and professionals can connect to build relationships and explore the latest innovations, regulations, retailing scope, and more.

The team behind the Expo and Awards is an experienced group of professionals who organize several high-profile trade summits and have robust connections with the governments worldwide and in Canada. From panel discussions to keynotes on extraction and regulation, along with presentation booths where presenters can gain visibility among influencers and investors, this event houses everything a cannabis enthusiast will look out for. 

The O’Cannabiz Conference Expo & Awards will be held at the sprawling 50,000 sq. ft International Center hall-5. The event will be attended by 3,500+ attendees who will get a chance to be a part of 70+ interactive sessions, on a platform where 180+ industry leaders will share insights on cannabis trading, laws and regulations, Cannabis extraction & compliance in Canada, the emergence of Agtech in cannabis space, the scope and future of industries, and other such interesting topics. 

Attendees will be treated to a Red Carpet Royalty Cocktail Reception, along with dinner and an awards ceremony. Networking continues in the after-party session with exhibitors, sponsors, and delegates.

To learn more, please visit https://ocannabiz.com/.

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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Editor@CannabisNewsWire.com

CannabisNewsWire is part of the InvestorBrandNetwork.

420 with CNW — Researchers Draw Attention to Widening State-Federal Cannabis Policy Differences

In a new report released shortly after the U.S. House of Representatives passed a bill legalizing cannabis at the federal level, congressional researchers revealed that the gap between the marijuana policies at state level and those at the federal level was wide — and it was getting wider with each passing year.

The analysis by the Congressional Research Service (“CSR”) was 101 pages long and covered several aspects connected to the marijuana industry in the country. For example, the document points out how the policy schism has affected cannabis banking. The researchers say that because of the federal classification of marijuana as a Schedule 1 controlled substance, banks are hesitant to accept cannabis businesses, so many of those companies are compelled to accept only cash and use that cash in all their activities and operations. Because of this, marijuana companies face security risks that businesses in other sectors don’t face; it is also hard for tax collection agencies to track all the finances of marijuana firms.

The researchers also say that the contradiction between state and federal marijuana policies has created challenges for some people to find or retain certain jobs, federal housing or even education support.

Cannabis research is also discussed in the report. The CRS says that the federal classification of marijuana continues to make marijuana research burdensome, and as a result, it isn’t easy to obtain reliable scientific data on the risks or benefits of the marijuana products that members of the public are consuming.

However, the analysis recognizes that some measures are being taken to address the challenges of conducting cannabis research. For instance, the report points out the ending of Mississippi University’s monopoly of producing research-grade marijuana and the draft laws being considered to allow researchers to use cannabis sourced from dispensaries in states where marijuana is legal.

The report goes on to mention the four options available to Congress with regard to the widening gap between marijuana laws at the state and federal level: Congress can choose to be inactive, authorize the strict implementation of federal marijuana laws, enact modest adjustments allowing states to have robust marijuana markets or pass a policy ending federal marijuana prohibition.

The CRS says additional options exist, such as changing the classification of marijuana to a less strict category, which would avail banking services to the industry and free law enforcement of the oversight role; the report notes that these options should be considered.

To cannabis advocates, the most obvious option would be to end prohibition federally so that the policies at the federal level are in alignment with the wishes of the public as shown by the rate at which different states are opening marijuana markets either through legislative means or through voter initiatives.

Once federal laws are reformed to legalize marijuana, we could see existing state-level players such as Flora Growth Corp. (NASDAQ: FLGC) establishing a national footprint while also expanding internationally.

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.

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

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420 with CNW — Cannabis Growers Could Be Left Out of California Drought Plan

As another record-setting dry summer approaches, marijuana cultivators are on the brink of being left out of a California program aimed at assisting growers while preserving water resources. The plan, suggested by state governor Gavin Newsom, aims at injecting approximately $268 million into paying various farmers so that they leave their fields to fallow during summer.

However, marijuana cultivators haven’t been included in the proposal being discussed to pay growers not to plant anything during summer. The state government is working with the largest providers of water in a bid to ease the rate at which water resources will be utilized for agriculture this summer.

It should be noted that only select areas of the state are to benefit from this drought assistance program. The area of interest is the watershed whose origin is the Sierra Nevada ranges found in the northern region of the state. The program is aimed at convincing farmers not to grow crops, including alfalfa, rice and nuts, which require plenty of water during their growth cycle.

Analysts say that it is unfortunate that California isn’t looking at marijuana farmers as worthy of receiving support at a time when their tax burden is huge yet operational conditions aren’t ideal due to the brutal drought. It is as though marijuana growers aren’t looked at as practicing agriculture, says Mendocino Cannabis Alliance’s Michael Katz. He says if support isn’t forthcoming to the cannabis sector during the drought, plenty of small-scale farmers are likely to be distressed and go out of business.

According to California’s Department of Cannabis Control, it is premature for marijuana growers to complain about being left out of the drought plan. The DCC says the plan is still in its draft form and there is no telling which growers will or will not be included in the final text of the program.

However, the executive director of an umbrella organization called the Origins Council representing nearly 1,000 small-scale cannabis farmers doesn’t take any comfort from the position of the DCC. Genine Coleman says that for half a year, he has been busy lobbying local and state government agencies to come up with a policy on fallowing but no commitment has been made on this issue.

With the first quarter of the year receiving the least amount of rain in the state in recorded history, all the counties in the state have declared drought emergencies. It would therefore be reasonable for all crop cultivation activities to be included in the drought assistance program.

As thing stand, it looks like only established firms like Cannabis Strategic Ventures Inc. (OTC: NUGS) with the capacity to use their own wells will weather this drought while smaller actors in the industry could find themselves in dire straits without the drought assistance.

NOTE TO INVESTORS: The latest news and updates relating to Cannabis Strategic Ventures Inc. (OTC: NUGS) are available in the company’s newsroom at http://cnw.fm/NUGS

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

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CannabisNewsBreaks – Organa Kannalytics’ SHMC Event to Shine the Spotlight on Medical Use, Practices and Opportunities in the Hemp and Cannabis Space

Organa Kannalytics, an advocacy organization seeking to bring legitimacy to the hemp and medical cannabis industry through science and education, today announced the 2022 Southeastern Hemp and Medical Cannabis (“SHMC”) Convention and Expo will be held May 12-14, 2022. The event will take place live at the Cobb Galleria Centre in Atlanta, Georgia, as well as virtually via livestream. The multi-day SHMC expo will offer networking opportunities and break-out sessions covering medical use and practices and business opportunities in the hemp and cannabis space. “We’re excited to offer people from all over the country in the cannabis space a place to connect and learn about the latest developments in our industry,” said Bridgett Graham, CEO of Organa Kannalytics. “After unavoidably postponing last year’s event due to COVID-19, we’re thrilled to welcome people back to Atlanta to meet face-to-face at the region’s top cannabis conference and expo. This year we will have outstanding keynotes, many new exhibitors and an informative Women in Cannabis luncheon. Whatever your interest in the cannabis business, you’ll be able to connect, learn and be inspired by your participation.”

To view the full press release, visit https://cnw.fm/8Zqk1

About Organa Kannalytics

Organna Kannalytics, headquartered in Atlanta, Georgia, is a consulting agency, medical cannabis dispensary, educational research center and the organizer of the annual Southeastern Hemp and Medical Cannabis Conference. Organa Kannalytics’ mission is to bring legitimacy to the hemp and medical cannabis industry through science and education. For tickets to SHMC and to explore sponsorship, speaker, exhibit or volunteer opportunities at the convention, please visit www.OrganaKannalytics.com.

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

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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CannabisNewsWire is part of the InvestorBrandNetwork.

CannabisNewsBreaks – Advanced Container Technologies Inc. (ACTX) GrowPods Viable Solution for Food Shortages

Advanced Container Technologies (OTC: ACTX), the exclusive U.S. distributor of self-contained, automated, indoor “micro-farms” called GrowPods, along with related equipment and supplies, has reported that these modular hydroponic greenhouses can help reduce global food shortage. The GrowPods can be set up almost anywhere in the world and can help feed local populations. Food shortage is a relevant topic because of the food shortages caused by the war in Ukraine. The country has been called the “breadbasket” of the world because it grows enough food, particularly wheat, to feed an estimated 400 million people. According to experts, the war is already impacting the food supply for everyone. According to Advanced Container Technologies, GrowPods can be set up almost anywhere and can be growing food in a matter of days. “GrowPods are complete growing systems so farming can get started quickly,” said Advanced Container Technologies CEO Doug Heldoorn in the press release. “Every farm-related task — from seeding to harvesting — is handled within the system. . . . These systems are perfect for relief organizations. We urge policymakers, NGOs and nonprofit organizations to consider deploying GrowPods or equivalent systems around the world in areas where food is desperately needed. This is not about selling more automated farms, it’s about solving a worldwide crisis and feeding people in desperate need.”

To view the full press release, visit https://cnw.fm/Q9Sxm

About Advanced Container Technologies Inc.

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. 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.

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

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CannabisNewsWire is part of the InvestorBrandNetwork.

Prime Harvest Inc. Is ‘One to Watch’

  • Prime Harvest is leveraging a long-term strategy of investing in the growth and scale of licensed assets in California, anchored by the power of data-driven technology
  • Its flagship brand, Jaxx Cannabis, aims to use technology to facilitate a true customer-centric culture while enhancing the overall craft cannabis experience
  • The company is committed to the goal of creating a more sustainable environment, now and in the future
  • Prime Harvest is a proud member of the Community Alliance Program, a foundation that seeks to make a difference in local communities
  • The company’s leadership team boasts over 100 years of combined hands-on experience in cannabis genetics, cultivation, extraction, production, retail, marketing, regulation and consumer market development

Prime Harvest, based in San Diego, California, is a technology-focused, full-service cannabis company with horizontally diversified operations spanning various segments of the cannabis value chain, from licensing acquisition and compliance management to direct-to-consumer operations. The company is leveraging a long-term strategy of investing in the growth and scale of licensed assets anchored by the power of data-driven technology to expand its footprint throughout California.

Sustainability is key to Prime Harvest’s corporate vision. The company aims to ensure that the communities it serves capture their fair share of the fruits of the industry’s growth, including financial profit, employment opportunities, environmental enrichment and impactful innovation through R&D and education.

The company’s mission is to appeal to the ethos of the cannabis consumer by setting a new operational standard emphasizing accountability, sustainability and community. With this commitment, Prime Harvest continues to work toward positively affecting millions of lives through the creation of a world-class platform that caters to strengthening the commercial cannabis pipeline.

Jaxx Cannabis

Jaxx Cannabis is the flagship brand in Prime Harvest’s portfolio. Through Jaxx Cannabis, the company aims to use technology to facilitate a true customer-centric culture while enhancing the overall craft cannabis experience. Jaxx features an expertly curated selection of premium products from some of the most respected brands in the thriving California market.

Key values serving as the foundation of Jaxx Cannabis include:

  • Creating and nurturing a welcoming culture for all
  • Unlocking the true potential of customer value
  • Being innovative in uncovering new ways to grow both the company and the industry
  • Meeting the wants and needs of consumers to promote profitability
  • Remaining accountable for the results of its operations

It is these values that differentiate Prime Harvest and Jaxx Cannabis in the California cannabis sector.

Brand Partnerships

Prime Harvest works diligently to establish strong alliances with complementary brands that are in alignment with its culture and values. Through a combination of deliberate foresight and strategic action, the company seeks to grow existing cannabis brands and continuously discover new, high-potential performers that are primed for long-term success.

These partnerships enhance Prime Harvest’s efforts to transform the world’s cannabis access and bring its consumers high-quality products that are fair for both people and the planet.

Responsibility

Prime Harvest remains committed to the goal of creating a more sustainable environment, now and in the future. Concern for human beings and the environment can be observed in every facet of its operations, including its ongoing R&D activities dedicated to exploring methods of reducing and repurposing waste into composite materials and exploring the potential of the hemp plant for industrial and wellness contributions.

The company is a proud member of the Community Alliance Program, a foundation that seeks to make a difference in local communities by providing financial assistance for educational programs, housing homeless veterans, creating urban farms, and holding local arts initiatives for children and adults. The program also helps explore the natural healing attributes of medical cannabis through research, development, clinical trials, and advocating for the safe access of cannabis to those in need.

Market Overview

Ongoing changes in U.S. state government policies toward cannabis are expected to cause demand for legal marijuana to surge. In addition, the number of indications for which medical marijuana is prescribed continues to increase. These factors are expected to rapidly boost legal sales of cannabis products.

Legal sales across the U.S. hit a record of $17.5 billion in 2020, marking an increase of 46% over 2019, according to Forbes. This strong growth is expected to continue. According to a Grand View Research report, the global legal marijuana market is forecast to grow at a CAGR of 26.7 percent from 2021 to 2028.

California – Prime Harvest’s home state – has consistently led the pack in terms of U.S. cannabis sales. The Motley Fool pegged cannabis spending in the Golden State at $3.8 billion in 2020, more than doubling the second state on its list.

Leadership Team

The Prime Harvest team is composed of true experts in their respective fields focused on building a world-class organization capable of driving the cannabis industry and movement forward.

E. Duane Alexander is the company’s Founder and CEO. He brings to the team more than 25 years of real-world, hands-on cannabis retail, marketing and commercial operations experience. Mr. Alexander has championed 40+ cannabis license applications throughout the western U.S. to date.

John Wilczak is the COO of Prime Harvest. He has 30+ years of executive management, strategy development & configuration experience with GE, pharmaceutical and agriculture companies. Mr. Wilczak is a Brown & Columbia MBA with vast knowledge of technology driven intellectual properties.

Andrea Jenson is the Chief Financial Officer of Prime Harvest. As CFO, she is responsible for all the company’s financial functions, including accounting, corporate finance and investor relations. Her career spans more than 20 years of varied experience in financial management, business leadership and financial strategy.

John Kazanjian is the VP of Business Development of Prime Harvest. He has worked over 40 years in business operations, brand marketing, sales and investor/lender communications. Mr. Kazanjian earned his B.S. from Rutgers University and his MBA from Harvard University.

Johann Balbuena is the Chief Marketing Officer of Prime Harvest. She has more than six years of experience in California cannabis licensing acquisition and compliance management. Ms. Balbuena has led multimedia production and content marketing efforts for the likes of the Social Club TV app, The Emerald Cup, High Times, Weedmaps and Synergy.

For more information, visit the company’s website at 

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

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)

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Lexaria Bioscience Corp. (NASDAQ: LEXX) Provides Update on its Patented DehydraTECH(TM) Technology, Including the Approval of New Patent

  • Lexaria received its 25th patent – and the first patent for the use of DehydraTECH technology in the enhanced delivery of antiviral drugs
  • The company is seeking IND approval from the FDA and has commenced its human HYPER-H21-4 study for hypertension with DehydraTECH-CBD, with results expected in Q3 2022
  • Lexaria is also commencing its human oral nicotine study, NIC-H22-1 to compare Lexaria’s DehydraTECH-nicotine pouch performance to that of existing leading brands currently sold in the US such as ON! and Zyn

Lexaria Bioscience (NASDAQ: LEXX), a global innovator in drug delivery platforms, has announced some positive news that further promotes the company’s goal of creating innovative drug delivery alternatives with its proprietary patented DehydraTECH(TM) technology. Lexaria is making the delivery of drugs quicker, more efficient, and even tasting better.

The company was granted its 25th patent – the first received for the use of its DehydraTECH technology for the enhanced delivery of antiviral drugs. The official word was received from the United States Patent and Trademark Office that on April 26, 2022, patent 11,311,559 for Compositions and Methods For Enhanced Delivery of Antiviral Agents would be issued to Lexaria.

“This will be our 25th patent granted worldwide and another validation of the versatility of our DehydraTECH drug delivery technology. This new patent adds to our existing suite of granted patents in the EU, the U.S., India, Japan, and Australia, and continues to build value for Lexaria shareholders and clients,” CEO Chris Bunka explained (https://cnw.fm/PnkiP).

Lexaria is also working on various clinical trial studies, including the recently announced HYPER-H21-4 study. HYPER-H21-4 is a randomized, double-blinded, placebo-controlled, cross-over study in 60 people and also one of the most comprehensive studies taken on by the company. Outcomes for the new study are expected to be available in Q3 2022, and the research is a big step for the company seeking IND (investigational New Drug) approval from the FDA.

Moving forward with the HYPER-H21-4 study was motivated by positive findings in the company’s three other human hypertension clinical studies, which has further supported the pursuit of FDA approval. The studies conducted thus far with hypertension and DehydraTECH have yielded positive results in terms of safety and efficacy (https://cnw.fm/AU4pU) as well as reducing blood pressure (https://cnw.fm/02nuE) and arterial stiffness (https://cnw.fm/lq6wk). All of the past study participants have tolerated DehydraTECH-CBD well, with no adverse effects.

Additionally, Lexaria plans to move forward in dosing for their human NIC-H22-1 study this summer. The study is focused on the oral absorption of nicotine and the comparison will be made between the company’s DehydraTECH-nicotine pouch and other popular products on the market like Zyn and ON! The purpose of the study is to support a safe alternative to harmful pulmonary nicotine application processes.

The company’s DehydraTECH technology works to:

  • Speed up drug delivery
  • Increase bioavailability
  • Increase brain absorption
  • Improves drug potency
  • Reduce drug administration costs
  • Mask unwanted tastes

The company has been advancing its technology since 2016 to demonstrate that bio-absorption of drugs like cannabinoids or nicotine can be five to ten times more effective with a reduced onset time. Lexaria also plans to investigate other markets in 2022 (https://cnw.fm/rafiI).

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.

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420 with CNW — Top Four American Cities for Marijuana Lovers in 2022

The rise of telecommuting has created opportunities to live anywhere people fancy, and many have taken on the nomadic lifestyle thanks to virtual work. Whether you would like to move to start a new job or just want to go to another place and start over after the pandemic, here are some cities that you can consider moving to if you would like a place to call home that welcomes marijuana lovers.

Ann Arbor, Michigan

If you are tired of the hustle and bustle of major metropolitan cities such as New York City and you would like a vibrant smaller city that has a great marijuana scene, Ann Arbor is the city for you. In the past, this city was famous for the many colleges it hosted, and those colleges gave it its upbeat vibe. Today in Ann Arbor, you can access all the conveniences available in major cities with the added bonus of an array of marijuana dispensaries to choose from.

Colorado Springs, Colorado

Talk about Colorado and many will immediately think of Denver. However, Colorado Springs is a great choice if you are a marijuana lover and are wanting to move to a new city. For starters, the cost of living in Colorado Springs is more pocket friendly when compared to cities such as Denver.

Secondly, the weather is more favorable throughout the year. You can therefore pair your love for marijuana with your love for the outdoors when you choose to live in Colorado Springs. Remember, Colorado was one of the first states to legalize marijuana, so it has a rich tradition of all things cannabis.

Portland, Oregon

If you are looking for a progressive city that has delicious food and a youthful feel as well as offering an active marijuana scene, Portland is the city for you. The hip culture of this city has marijuana written all over it, and the residents take creativity with cannabis to a whole new level. If you love marijuana, Portland may be the city for you.

San Francisco, California

If a high cost of living isn’t a deterrent, San Francisco is the place to be if you love marijuana. California made history by being the first to legalize medical cannabis, and full legalization didn’t take much longer to happen in the Golden State. San Francisco has the rich history of marijuana legalization in the state written all over it, and one perk you should take full advantage of is that Humboldt County, famous for the cultivation of some of the best marijuana you can find, is a short distance from the city.

There are many other great cities for cannabis lovers, and you can even grow your own plants using the technologies availed by companies such as Advanced Container Technologies Inc. (OTC: ACTX) when you live in state where home grows are permitted.

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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