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

420 with CNW — New App Can Reveal Potential Interactions Between Medications, Cannabinoids

A newly developed application can enable pharmacists as well as other medical professionals to enhance patient safety. This can be achieved by using the app to predict how cannabinoids, such as those found in medical cannabis, may interact with any other medications that a patient is taking.

Researchers at Penn State University developed the app, called CANNabinoid Drug Interaction Review (CANN-DIR). The app works by evaluating how various cannabinoids, including THC and CBD, found in different over-the-counter or prescription medical cannabis products interact with the other medicines that a patient is taking. The app has a database containing the common drugs that people access in hospitals and pharmacies. A healthcare worker or other professional simply inputs the cannabis compounds found in a product and then selects from a list of drugs to see what form any drug-on-drug interactions could take place.

For example, one may find that certain cannabinoids may slow down or accelerate the metabolism of a given active ingredient in a prescription drug. In such a case, the healthcare provider would tweak the dosage of the said drug in order to meet the intended therapeutic goals while avoiding any adverse events resulting from the drug-on-drug interaction.

Kent Vrana, who led the research team behind this app, explains that it is crucial that people realize that CBD, THC and other cannabis compounds may affect the rate at which other drugs are broken down or metabolized in the body. He adds that by using the app, it is possible to have a meaningful conversation with a patient regarding possible interactions between a given combination of cannabinoids and the conventional drugs being used by the patient.

This app has the potential to provide a meaningful way in which cannabinoids can be used safely alongside other medications. It can also help to address the reasons why some professionals in the mainstream medical field are hesitant or opposed to medical marijuana and  CBD products that the public can readily access from retail stores, medical cannabis outlets or even the black market. This is because the app avails science-backed information to address the concerns of the healthcare professional.

The research team was composed of people from the university’s medical school and a team of computer science professionals at the same university. The first version of the app went live on March 22, 2022, and the team is now focused on making a second reiteration of the app, which they hope will rate higher in terms of its user friendliness for caregivers and patients themselves.

This app will hopefully give patients the reassurance they need that using cannabis products from licensed suppliers such as Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) can be safe and helpful if necessary precautions are taken, such as talking to one’s doctor beforehand.

NOTE TO INVESTORS: The latest news and updates relating to Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) are available in the company’s newsroom at https://cnw.fm/RWBYF

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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CannabisNewsBreaks – Sugarmade Inc. (SGMD) Shares Corporate Update through Shareholder Letter

Sugarmade (OTC: SGMD), an emerging leader in the licensed cannabis sector, has released a shareholder letter from CEO Jimmy Chan. In the letter, Chan noted short-term turbulence in the market but reaffirmed the company’s belief that the long-term outlook for the industry is bright, particularly for California producers and distributors. The letter notes that the company is eyeing strategic opportunities created by marketplace inefficiencies and uncertainties, including an uncertain regulatory environment, high taxes, unlicensed cultivators entering the market and a drop in prices of cultivated cannabis products. In the letter, Chan observed that Sugarmade believes these marketplace changes create an opportunity to “invoke a new short-term strategy while our long-term plans to cultivate at our new Lemon Glow facility are developing.” The company is moving forward on its Lemon Glow Company plans and is embarking on a strategy to enter into contract cultivation arrangements with local Lake County, California, cultivators that have decided not to engage in their own cultivation efforts this year. “We are in negotiations with several local permitted and licensed operators that are agreeable to a partnership arrangement with Sugarmade to manage operations for cannabis cultivation,” states Sugarmade CEO Jimmy Chan in the shareholder letter. “We are also in active negotiations on the distribution side of the business that will allow Sugarmade to bring this cultivated cannabis to the marketplace. Invoking this dynamic short-term strategy, while continuing to develop our longer-term strategy to fully develop the large Lemon Glow property for cultivation, will allow Sugarmade to significantly advance the timeframe for gaining market share in this industry — and we believe we will be able to do so based on a cost model that will allow us to produce strong margins this cultivation season.”

To view the full press release, visit https://cnw.fm/ORFj0

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(TM), NUG Avenue, Lemon Glow and Budcars. For more information about the company, 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/SUGAR

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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Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) Strengthens Financial Profile with Debt Reduction, Adjustments to Revenue Strategy

  • Red White & Bloom Brands is a multi-state cannabis operator based in Canada and focused on developing revenue opportunities in strong U.S. cannabis markets such as Michigan, Florida and California
  • The company recently announced it has eliminated $115 million in debt liabilities as part of its efforts to streamline its financial operations during a period when many companies are struggling with the effects of the COVID pandemic
  • Red White & Bloom’s debt reduction includes cutting over $22 million in annual expenses
  • The company has solidified its foothold in Michigan with acquisitions that have allowed it to become vertically integrated and open new dispensaries and cultivation facilities

Multi-state cannabis operator Red White & Bloom Brands (CSE: RWB) (OTCQX: RWBYF) is making new strides in streamlining its operations as the company accelerates its push toward making its popular Platinum Vape-branded products some of the most recognizable premium cannabis products in the United States.

Red White & Bloom, or RWB, has been strengthening its revenue streams in the states where it operates, particularly in Michigan, Florida and California of late, while also working to deal with its debt to make it more long-term feasible, announcing April 20 that it has eliminated several million dollars’ worth of liabilities and annual expenses (https://cnw.fm/4X0Ot).

The acquisition earlier this year of a 15,000-square-foot manufacturing, processing and distribution facility as well as properties owned by PharmaCo, Inc., in Michigan, plus full licensing for manufacturing both medical and adult use cannabis products in the state, assured RWB’s efforts to become fully vertically integrated and to expand the reach of Platinum Vape.

Platinum Vape products not only include carefully crafted vape cartridges and disposable vape pens, but also gummies, chocolates and premium cannabis flower.

New data published on the Canadian Federation of Independent Business (“CFIB”)’s Small Business Recovery Dashboard is shining a light on the difficulties SBEs are facing in Canada in the wake of the COVID pandemic and the “staggering level of fresh COVID-related debt small firms have had to take on” as a result of the pandemic’s battering of economies worldwide.

“Two-thirds of small businesses (65%) have had to take on debt, at an average of $160,000, just to survive the past two-years,” CFIB president Dan Kelly stated in a news release about the survey results (https://cnw.fm/lYNWE). “For almost 900,000 business owners, up to $60,000 of this debt is in the form of a government-backed Canada Emergency Business Account loan. … The 2022 budget missed an opportunity to forgive a larger portion of these loans for the most deeply affected small businesses.”

Vancouver, British Columbia-based RWB’s April 20 announcement notes that the company expects to eliminate an intangible asset of about $77 million as well as a license liability of $60 million from its balance sheets following restructuring of its debt while reducing “well over $100 million of liabilities without any dilution to our shareholders,” a continuation of efforts since last year to cut debt.

As part of the restructuring, RWB pruned its Illinois property, exiting “the one state that had not contributed any revenue from THC operations to our results since our inception,” CEO Brad Rogers stated.

“We still believe that Illinois could be a great market for us, and will look to pursue it from an asset-light approach through licensing of our own brands,” Rogers added. “We will continue to look for opportunities to grow our revenue through a number of asset-light entries to other states, while focusing on getting to a positive adjusted EBITDA run-rate by the end of 2022.”

The company has also found ways to reduce its headcount as part of the effort, joining other SBEs in a revived trend to control their cash consumption and attract new capital through minimal staffing adjustments (https://cnw.fm/zbX8U). 

“We are very pleased with the significant balance sheet and operational improvements we have made in a relatively short period of time. Today’s announcement is the culmination of an in-depth review and rationalization of assets and operations,” Rogers stated.

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

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

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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Editor@CannabisNewsWire.com

CannabisNewsWire is part of the InvestorBrandNetwork.

420 with CNW — New Jersey AG’s Memo Sparks Controversy Regarding Off-Duty Use of Marijuana by Police

The state of New Jersey recently launched its adult-use recreational marijuana market. While adult residents and visitors were thrilled to finally be able to buy cannabis legally, a memo written by the attorney general of the state regarding off-duty police officers’ use of marijuana sparked controversy.

In the memo, Mathew Platkin clarified that according to the existing marijuana laws in New Jersey, police officers shouldn’t be penalized in any way if they use cannabis during their off-duty hours. There was immediate pushback from different quarters once this memo went public. For example, the Democratic speaker of the state assembly, Craig Couglin, immediately said that a bill should be filed in his office in order to address off-duty cannabis use by police officers.

Similarly, the chair of the budget committee in the state senate indicated he would like to amend the state law so that it is in line with the laws in other states with regard to marijuana use by police officers while they aren’t on duty. The state governor, who has been a strong advocate of cannabis legalization, has also weighed in on this matter. Phil Murphy indicated that he was in favor of a possible change in marijuana policy so that law enforcement officers aren’t allowed to use marijuana during their private time away from work.

Several Republican state senators have also written a letter to the attorney general of the state saying that allowing police officers to consume marijuana during their time off the clock would be in violation of federal law.

Despite all this pushback, the acting attorney general of the state has stuck to his guns. He insists that he is bound to respect the existing laws and if there were provisions that different sections of society weren’t comfortable with, then the legislature should make the necessary changes to that law. He also warned that cities and police departments that were taking unilateral action to ban off-duty marijuana use by law enforcement were contravening state law and could open themselves to all manner of lawsuits with regard to employment rights.

The top prosecutor’s comments come after Jersey City, in defiance of state law, issued a directive banning off-duty marijuana use by law enforcement. The majors of Weehawken and Kearny also revealed that they would be taking steps to place bans on off-duty cannabis use by law enforcement.

It remains to be seen how the issue of off-duty cannabis use will eventually be resolved after the launch of recreational marijuana sales. Plenty of interest from the entire cannabis industry, including companies operating in the space, such as Flora Growth Corp. (NASDAQ: FLGC), may be directed toward how the off-duty use issue is handled as New Jersey joins the ranks of other states with legal marijuana markets.

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)

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

Do you have questions or are you interested in working with CNW420? Ask our Editor

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303.498.7722 Office
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CNW420 is part of the InvestorBrandNetwork.

420 with CNW — New Report Projects Annual Tax Earnings of $375M If Ohio Legalizes Marijuana

According to research coming out of Ohio State University, Ohio stands to earn about $375 million tax revenue each year if the state legalizes recreational marijuana. This study, whose findings were published in time for the unofficial 4/20 marijuana holiday, relied on estimates of possible taxes to be levied if the legalization proposal is adopted as-is.

The team of researchers looked at the estimated population growth rate and annual tax revenue from half a dozen states with adult-use cannabis markets. The states looked at included Nevada, Michigan, Illinois, Colorado, Washington and Oregon. The team also analyzed the proposed taxes included in the draft legalization measure. Based on this data, they came up with projections detailing how much Ohio could earn as tax revenue when the marijuana market matures.

Depending on how optimistic one is when predicting the growth trajectory of the Ohio adult-use recreational cannabis market, anticipated taxes could be anywhere between $276 million and $375 million each year by the time the industry reaches its fifth year of existence. Compared to the annual state budget amounting to approximately $60 billion, this tax would be a tiny drop in the funding basket of Ohio.

The researchers also note that their study had a number of limitations based on assumptions such as prices, the roll out of the market, regulatory challenges and marijuana consumption patterns as well changes in the tax structure. Any of these factors could alter the market and the subsequent taxes generated, the team notes.

It isn’t also clear whether the proposal to legalize adult-use cannabis will be passed by the lawmakers. They are being forced to consider the initiative after advocates collected a total of 133,000 voter signatures. If the legislature refuses to endorse the proposal, the campaigners will have no choice but to gather the same number of voter signatures in order to put the issue before voters during this year’s ballot.

Taking the matter to voters is looking increasingly likely given that previous endeavors to enact marijuana reform through legislative means have been futile. Leading Republicans in the state legislature have even signaled that they will not support the push to legalize recreational marijuana in the state, so it is likely to be an uphill task for this proposal to gain legislative approval.

When this process ends in an enabling law being passed, Ohio could open its doors to licensed companies such as American Cannabis Partners and begin reaping tax revenue and other economic benefits in the way other states with regulated markets are doing.

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

Do you have questions or are you interested in working with CNW420? Ask our Editor

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Editor@CannabisNewsWire.com

CNW420 is part of the InvestorBrandNetwork.

CannabisNewsBreaks – Hero Technologies Inc. (HENC) Focused on Vertical Integration, State Expansion

Hero Technologies (OTC: HENC), a cannabis company working toward a vertically integrated business model, has plans to expand into two states that have legalized cannabis — Colorado and Massachusetts. Cannabis genetic engineering, farmland for medical and recreational cannabis cultivation, production licenses, distribution licenses, consumer packaging, retail operations and dispensaries are all part of HENC’s strategic multistate model. The company owns a majority stake in BlackBox Systems and Technologies LLC. BlackBox is an aeroponic cannabis cultivation system that provides optimal growing conditions to enhance photosynthesis and cultivation of large flowering plants, creating increased harvest efficiencies. A recent article discussing the company’s growth plans reads, “HENC’s Colorado expansion will come through its wholly owned subsidiary Mile High Green LLC, while expansion in Massachusetts is planned through another wholly owned subsidiary, MassCannabis LLC.”

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

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 and 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 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

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

CannabisNewsWire (CNW)
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CannabisNewsWire is part of the InvestorBrandNetwork.

CannabisNewsBreaks – American Cannabis Partners Leveraging Focus on Key Business Segments to Capture Opportunity

American Cannabis Partners (“ACP”), a sustainable Jamaican experience canna-business innovator, currently operates in Michigan and California and is also in the process of exploring land acquisition and project development strategies for expanding operations to two more states this year. “With a total of 12 cannabis licenses, including 560,000 square feet of cultivation licenses in California and Michigan and one retail license in Michigan, ACP is committed to becoming a leader in the U.S. cannabis industry,” reads a recent article discussing the company. “ACP is focused on multiple business segments: real estate, acquisition and development of proprietary assets, and ongoing cultivation operations. Led by a seasoned management team with more than three decades of canna-business experience, ACP is guided by its strategy to capture opportunities in real estate and licensing in states that have recently passed cannabis legalization legislation, thereby equipping the company to capitalize on federal interstate commerce opportunities… Through its current cultivation operations, ACP supplies approximately 80% of its whole flower products for manufacturing, distribution and retail licenses. With the remaining 20%, the company supplies its proprietary strains to select California distributors and its own Michigan retail location under its exclusive in-house brand, ZÜK.”

To view the full article, visit https://cnw.fm/8fC83

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. Guided by business professionals and cultivators, the company focuses on four industry segments: real estate, cultivation, medical research, and nonprofit 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, aiding the company’s expansion into multiple states. For more information, visit the company’s website at 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.

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

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

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CannabisNewsBreaks – Vantage Hemp Company Announces Submission of DMF, Reinforces Commitment to Deliver Superior API Quality

Vantage Hemp has submitted a Drug Master File (“DMF”) to the U.S. Food & Drug Administration (“FDA”) covering its hemp-derived cannabidiol (“CBD”) distillate. According to the announcement, the submission further reinforces Vantage as a transparent, reliable and compliant partner, committed to working with pharmaceutical companies to formulate its CBD active pharmaceutical ingredient (“API”). The filing, which also strengthens Vantage’s position as an industry leader, represents the company’s commitment to support its clients through all phases of drug development. The company also noted that it anticipates filing future DMF submissions as it works to deliver superior API quality. “Our distillate DMF filing is a testament to Vantage’s dedication to manufacturing the highest-quality CBD API,” said Vantage’s Chief Operating Officer Deepank Utkhede in the press release. “Vantage exemplifies the breadth of knowledge, depth of collaboration, and attention to detail expected and required of an API producer.”

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

About Vantage Hemp Co.

With large-scale extraction facilities, Colorado-based Vantage Hemp delivers pharmaceutical-grade GMP-compliant CBD extracts, including full-spectrum oil, distillate, and isolate, that companies can trust. Vantage’s contract manufacturing services offer a broad range of benefits as the company operates with integrity and abides by stringent pharmaceutical-production standards to provide quality products to its partners. For more information about the company, please visit www.VantageHemp.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

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

CannabisNewsWire (CNW)
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Editor@CannabisNewsWire.com

CannabisNewsWire is part of the InvestorBrandNetwork.

CannabisNewsBreaks – Flora Growth Corp. (NASDAQ: FLGC) to Participate in Luxury Meets Cannabis Conference

Flora Growth’s (NASDAQ: FLGC) executives Luis Merchan and James Choe are scheduled to participate at the upcoming Luxury Meets Cannabis Conference. The two-day event is scheduled for May 5–6, 2022, in New York City. The premier B2B CBD, hemp and cannabis event — the first of its kind — is an ideal venue to shine a spotlight on FLGC’s impressive line of lifestyle products and brands. The conference is designed to bring together premium CBD, hemp and cannabis brands and their founders with representatives from top mainstream retailers, global media, leading dispensaries and investors. Flora Growth is a leading all-outdoor cannabis cultivator and manufacturer. Flora Growth CEO Merchan will be involved in the first offering of the conference, the Business Insider Live at LMCC 2022: New York Is Ready for Youevent hosted by Business Insider’s Yeji Jesse Lee and Jeremy Berke. Choe, the company’s chief strategy officer, will participate in a panel scheduled for the second day of the conference. Panel members are slated to discuss essential insights into the voice of the cannabis consumer. “We are looking forward to sharing our excitement for the global opportunity of CBD, hemp and cannabis with other business leaders and industry experts at the Luxury Meets Cannabis Conference in New York,” said Flora Growth CEO Luis Merchan in the press release. “We’re continuing to execute on our strategy to build a global house of brands servicing consumers across the globe, and firmly believe the future of cannabis has a meaningful place in the luxury retail market.”

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

About Flora Growth Corp.

Flora 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 farming practices to supply cannabis derivatives to its diverse business divisions of cosmetics, hemp textiles, and food and beverage. 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.

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Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) Extends Michigan Expansion with Debut of Platinum Vape Live Resin; Announces Plans to Release Full-Year 2021 Results on May 2

  • Red White & Bloom and its wholly owned subsidiary RWB Michigan LLC recently announced the rollout of Platinum Vape(TM) Live Resin in Michigan
  • The debut marks the company’s entry into the live resin in Michigan, which yield higher margins than the company’s existing distillate vape products
  • RWB expects to release its full-year 2021 results on May 2, with the management hosting a conference call on May 3

Red White & Bloom Brands (CSE: RWB) (OTCQX: RWBYF), a multistate cannabis operator on a mission to become the most recognizable cannabis company in the United States, is celebrating the fulfillment of its promise to consumers to introduce a steady stream of new products and consumption options to satisfy demand in Michigan, recently announcing it will roll out the Platinum Vape(TM) (“PV”) Live Resin in Michigan. The company, working in conjunction with its wholly owned subsidiary RWB Michigan LLC, will make the product available in nearly 400 Michigan dispensaries in due course (https://cnw.fm/Au7WC).

The debut marks RWB’s line expansion into the higher-margin Live Resin Vapes segment and also represents its inaugural product in Michigan beyond the popular distillate vape products. The company is committed to releasing many more products in the future. 

The PV Live Resin delivers a lush flavor profile and rich potency experience, thanks to its ability to capture and preserve the terpenes and trichomes of RWB’s premium cannabis strains. (Live resin is a cannabis concentrate created using fresh flower.) A compact product with a myriad of consumption options, the PV Live Resin packs all the benefits of the cannabis flower and more than 80 cannabinoids that synergistically work to enhance the plant’s therapeutic properties.

Red White & Bloom expects PV Live Resin to become popular with consumers owing to the trust they have in the PV brand. With the PV Live Resin, which was previously only available in Oklahoma and California, RWB aims to tap into the growing U.S. live resin market. According to Greentank, live resin sales increased 86% between 2020 and 2021 (https://cnw.fm/l5Gzn). But RWB holds that this growth is only the tip of the iceberg. 

“We believe that this is just the tip of the iceberg for the live resin opportunity since so many new cannabis consumers are totally unfamiliar with live resin and migrate to it once they learn more about cannabis and discover live resins’ many advantages,” company CEO Brad Rogers said.

Red White & Bloom is simultaneously streamlining its seed-to-sale processes and speeding up the development and go-to-market timelines for new products. According to Rogers, the company has already started expanding the distribution of its PV branded products, including the new PV Live Resin line, with the PV products now available in nearly 400 of Michigan’s 460+ dispensaries. 

Meanwhile, the company announced it will release its end-year (2021) financial results, subsequent events, and management discussion and analysis (“MD&A”) on Monday, May 2, after markets close. The following day, Tuesday, May 3, company Rogers will host a conference call in which he will discuss RWB’s quarterly results, operations, and upcoming events. Rogers will also join the management team in fielding questions from stakeholders and investors (https://cnw.fm/tNKD1).

The 2021 results will draw the curtains on an eventful year that saw the company report $11.8 million in revenue in Q1 2021 and $13.3 million in Q2 2021 (https://cnw.fm/TXgYP). In Q3 2021, Red White & Bloom’s revenue was up 93% year-over-year to $11.8 million from $6.1 million in Q3 2020 (https://cnw.fm/3DiWz). Already, the company’s cumulative revenue from the first nine months of the 2021 fiscal year (~$36.9 million) has surpassed the full year 2020 revenue ($23.3 million) (https://cnw.fm/xg4ir), setting the stage for what is likely to be a record-breaking year for Red White & Bloom.

The 2021 financial year also saw the announcement of key milestones, including the acquisition of cultivation facilities in Apopka, Florida and Sanderson, Florida; the opening of a production facility at the Sanderson property; receipt of Adult Use prequalification status in Michigan and approval from the Florida Department of Health, Office of Medical Marijuana Use; and more.

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

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

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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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 (CNW)
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www.CannabisNewsWire.com
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CannabisNewsWire is part of the InvestorBrandNetwork.