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 – InMed Pharmaceuticals Inc. (NASDAQ: INM) Announces Expansion of Rare Cannabinoid Portfolio

InMed Pharmaceuticals (NASDAQ: INM), a leader in the research, development, manufacturing and commercialization of rare cannabinoids, is launching business-to-business sales of its rare cannabinoid cannabidivarin (“CBDV”). Through subsidiary BayMedica LLC, InMed will offer its product to wholesalers, suppliers and end-product manufacturers in the health and wellness sector. In addition, the company released a white paper focused on research into the therapeutic potential of CBDV. According to the announcement, CBDV is a nonintoxicating rare cannabinoid that is similar to CBD but offers important differences in activity. One of the most-studied rare cannabinoids, CBDV is currently the focus of several different clinical trials evaluating its use in the treatment of autism, Prader-Willi Syndrome and attention deficit hyperactivity disorder. “Ensuring a reliable, large volume source of highly pure, bioidentical CBDV is an important step forward in the health and wellness sector,” said BayMedica SVP and general manager Shane Johnson in the press release. “CBDV has been researched for its therapeutic potential in several disease areas such as autism spectrum disorder. Whether you are a researcher or product developer at a multinational consumer package goods company, the ability to access highly pure and consistent active ingredients, free from contaminants typically found in plant-sourced cannabinoids such as pesticides, heavy metals, or potentially even THC, is a fundamental requirement. BayMedica’s cannabinoid manufacturing technologies provides exactly that value and we are excited to continue to introduce to the market additional rare cannabinoids that have previously not been abundantly accessible, including adding THCV to our portfolio in the immediate future.”

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

About InMed Pharmaceuticals Inc.

InMed Pharmaceuticals is a global leader in the research, development, manufacturing and commercialization of rare cannabinoids. Together with its subsidiary BayMedica LLC, the company has unparalleled cannabinoid manufacturing capabilities to serve a spectrum of consumer markets, including pharmaceutical and health and wellness. InMed is a clinical-stage company developing a pipeline of rare cannabinoid therapeutics and is dedicated to delivering new treatment alternatives to patients who may benefit from cannabinoid-based pharmaceutical drugs. For more information, please visit www.InMedPharma.com.  

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

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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Boost Your Cannabis Business in Medellin as BizCann Expo Brings The Best Cannabis Services Together, Under One Roof!

Cannabis entrepreneurs, brand owners, and enthusiasts are all invited to the next edition of BizCann Expo in Medellín, Colombia this May 21-22nd 2022. Having hosted some phenomenal trade shows in numerous cities of the US, BizCann Expo is happy to announce their upcoming event in Medellin, helping local businesses expand and discover global avenues.

BizCann Expo is the perfect launchpad for unique business ideas, sharing innovations with industry peers and leaders, as well as discussing the various aspects and strategies for successful cannabis trading. Attendees can showcase their products and services with exhibitors, and those with in depth knowledge of the field can join the show as speakers!

This event aims to provide valuable information on the latest cannabis market trends, and offers a huge arena for joint venture collaborations. Participants can enjoy a variety of discussions, keynotes, and workshops. Plus, they’ll be able to find all resources that businesses need to grow and establish themselves in the cannabis industry. Here’s a few other things you can expect:

  • Learn about the latest cannabis legislations and attain CLE credits
  • Exhibit your talents and services to an enthusiastic audience, for a chance to be discovered by investors
  • Explore tactics for maintaining best practices and accounts in your cannabusiness
  • New businesses can learn directly from industry leaders at their selection of seminars, talks and panels
  • Discover an entire spectrum of resources necessary for kickstarting your cannabis business

To purchase tickets and learn more, please visit www.BizCannExpo.com.

BizCann Expo is an 18+ only event. 

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 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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The Southeastern Hemp & Medical Cannabis Convention, Helping to Shape The Future Of The Industry

Cannabis growers, traders, businesses, researchers, processors, testing laboratory personnel, facility management, and investors, are all invited to attend the SHMC (Southeastern Hemp & Medical Cannabis) Convention being held from the 12th to the 14th of May, 2022, at the Cobb Galleria Centre, Two Galleria Parkway, Atlanta, Georgia. The event, also to be streamed online for worldwide access, is organized by Organa Kannalytics LLC. 

The SHMC offers a robust platform for startups and industries to identify novel avenues of growth in this dynamic and budding industry. This convention attracts a vast profile of attendees from varied industry verticals seeking investment and business opportunities in the medical cannabis sector. 

Growing businesses can attain insights from distinguished speakers about the medical advancements, technological breakthroughs, legislative laws, and business prospects of the cannabis industry amidst the growing competition in the Southeastern U.S. region. This forum is all set to witness some of the strongest cannabis players looking to redefine the industry.

The emerging hemp and medical cannabis market offers a spectrum of possibilities waiting to be explored. Entrepreneurs, medical practitioners, cultivators, and traders can leverage the mammoth networking scope of this impactful 2-day event to tap the huge cannabis market at their disposal. 

LUX LEAF Diagnostics, the title sponsor of SHMCC, is a leading testing laboratory dedicated to serving the US market. Sponsors and vendors can set up their individual booths or showcase their products and services. Earlybird discounts are available.

Speakers include:

  • Tavarres King – King is a veteran player of the National Football League, and CEO of Rowdy Wellness, an Atlanta-based CBD company engaged in the research, education, and development of quality health and wellness products.
  • Dallas Austin – Austin is a legendary songwriter, now owner of Rowdy Wellness, and an active cannabis advocate down south

Participants will have access to panel discussions, workshops, speaker sessions on important industry topics, and breaks for building important networking ties. The agenda of the SMHCC is focused on building strong networking contacts for young businesses, as well as educating and creating awareness about the advancement, business scope, and the regulatory local, state, and national legislation relevant to the medical cannabis industry. 

The team at SHMCC is committed to the safety of the attendees at the physical event and will ensure all health and safety protocols are followed. 

To learn more, please visit https://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 instant SMS alerts, 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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420 with CNW — American Marijuana Consumers See Investment Opportunities in European Cannabis Sector

According to a survey conducted by Bloomwell Group, a medical cannabis holding company, consumers of marijuana in the United States believe that the widely anticipated legalization of recreational cannabis in Germany will create great opportunities for investment, travel and trade. The survey found that 80% of American cannabis consumers were convinced that great investment opportunities exist in marijuana companies. Six in ten individuals surveyed also revealed that they would invest in European-based marijuana stocks.

The new coalition government in Germany made up of the SDP party, the Greens and the FDP party announced last year that adult-use marijuana would be legalized and sold in licensed outlets. Although no definitive schedule for this legalization was given, the news has created massive excitement because of its ramifications for the cannabis industry in Germany (where medical marijuana is already legal) and the broader European Union block.

It is expected that once Germany opens its cannabis market fully, there will be a domino effect of legalizations in other countries in mainland Europe. Additionally, Germany is likely to be the largest marijuana market in the world given that its population is bigger than that of California or Canada, the two jurisdictions that currently dominate the legal cannabis industry.

The Bloomwell Group survey polled 845 marijuana users in the U.S. in order to determine their views about the upcoming marijuana legalization in Germany. A huge majority (87%) were of the view that cannabis prohibition should be ended globally, while 52% acknowledged that Germany will become the largest cannabis market once legalization takes effect. An estimated 65% of the survey respondents expressed a desire to visit a German city in order to experience what its marijuana industry was like.

The respondents also revealed their awareness that massive investment opportunities would open up when legalization is implemented. This expectation is supported by an analysis conducted by BDSA showing that the German cannabis industry has the potential to generate at least $3 billion annually three years from its opening. Other analysts forecast a market size of at least $10 billion annually if the supply challenges that plagued the launch of the medical marijuana market are avoided.

The U.S. cannabis industry has a huge opportunity to plug those supply gaps, at least in the beginning, if the needed regulatory reforms can be passed at the federal level. For example, the passing of the MORE Act can allow American companies to transact with the German marijuana sector without impediment.

If those reforms don’t happen soon enough, the United States risks being a bystander as cannabis takes off in one country after another on the European continent and globally. Such an eventuality would rob entities such as Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) of a great opportunity to expand into Europe and make their mark on that huge market.

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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420 with CNW — DEA Admits Less Mexican Marijuana is Getting into US Because of State Legalization

In a new report presented to Congress, the U.S. Drug Enforcement Administration reveals that as more cannabis is produced domestically, smuggling from Mexico is being undermined.

These comments are part of the federal agency’s Fiscal Year Performance estimates for 2023. In that report, the DEA talks about what it is doing to boost marijuana research, including ending the monopoly of Mississippi University in producing cannabis for federally sanctioned research projects.

While the DEA wasn’t forthright in admitting that most U.S. residents are now opting for legally produced marijuana within the country, it did indicate that domestically produced cannabis had outmuscled that originating in Mexico.

Data exists to support the belief that local marijuana laws have had a big role to play in taming the flow of cannabis from Mexico. For instance, a 2018 study undertaken by the Cato Institute concluded that state-level marijuana policy reforms had significantly undercut cannabis smuggling.

The budget document released by the DEA makes reference to the increase in the domestically produced marijuana from a new source — companies that have the DEA’s approval to manufacture marijuana for research purposes. The agency reveals that approved manufacturers have increased from one to four, and an additional two are due to get the nod by this year’s end.

The drugs agency also details how it plans to ramp up the production of cannabis for research purposes. However, the agency’s document is quiet about the notable increase in the quantity of various psychedelic compounds such as MDMA and psilocybin, as interest grows in studying these substances as treatments for mental health disorders and other clinical indications.

In addition to the document presented in Congress, the DEA recently clarified that under existing laws, the popular delta-8 THC wasn’t categorized as a controlled substance. The DEA mentioned that only those products having more than 0.3% delta-9 THC fell under the regulatory framework of the DEA since existing law doesn’t ban isomers of THC. Similarly, the DEA indicated that marijuana seeds aren’t illegal nor do they fall into the  controlled substances category, in spite of how much THC may be found in the buds harvested after those seeds are cultivated. This is because federal law legalized hemp.

Another noteworthy trend is the increasing declines in federal prosecutions on marijuana-related charges. In 2021, less than 1,000 cases of cannabis trafficking were prosecuted. This is according to the United States Sentencing Commission (USSC).  Such statistics indicate that marijuana offenses are gradually slipping down on the priority list for law enforcement agencies at the federal level. In 2020, the same federal body recorded 1,118 marijuana cases.

The roundabout admission by the DEA that state-legal marijuana policies and companies such as American Cannabis Partners are helping to stem the tide of marijuana smuggling from across the border in Mexico proves yet again that ending cannabis prohibition has far-reaching beneficial effects for the economy and 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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Editor@CannabisNewsWire.com

CNW420 is part of the InvestorBrandNetwork.

CannabisNewsBreaks – Hero Technologies Inc. (HENC) Pursuing Diversification, Increased Share in Booming Colorado Market

Hero Technologies (OTC: HENC) anticipates expanding into the booming Colorado cannabis market via cultivation and dispensary operations through its wholly owned subsidiary, Mile High Green LLC. “Cannabis sales in the state broke another record last year, topping $2.22 billion in products sold, according to the Colorado Department of Revenue (https://cnw.fm/SFXzA). This figure ‘eclipses’ 2020 sales reaching upwards of $2.1 billion, which set a previous record,” a recent article reads. “Hero Technologies announced the formation of Mile High Green in March of last year, stating that the purpose of the subsidiary was to seek cannabis, land purchase and strategic acquisition opportunities in the state of Colorado. ‘By establishing another subsidiary to target cannabis property acquisitions and cannabis licenses, we continue to aggressively pursue our diversification and integration strategy,’ said Hero Technologies CEO Gina Serkasevich. ‘Colorado is an obvious market for us to target for expansion. It was exciting to see the state’s cannabis sales soar to $2.2 billion in 2020, truly an all-time high. We will work hard to gain market share in this important territory and participate in its healthy growth.’”

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

About Hero Technologies Inc.

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

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

About 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 – Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) Provides Update Regarding Restructuring, Strengthening of Balance Sheet

Red White & Bloom (CSE: RWB) (OTCQX: RWBYF), a multistate cannabis operator and house of premium brands, has completed a companywide restricting, which resulted in the elimination of $115 million in liabilities and more than $22 million in annual expenses. Highlights of the strategic moves include the completion of the sale of its Granville, Illinois, facility; the repayment of $51.7 million secured debt and the elimination of $6.3 million of annualized debt servicing; and transitioning to an asset-light, brand-rich model that eliminated more than $13 million in associated annual operating expenses, inclusive of $8 million in cash operating costs. In addition, the company streamlined brands, contributing to the potential elimination of more than $60 million in future royalty payment liabilities that will impact the company’s third-quarter 2021 balance sheet. In addition, RWBYF completed reductions of employees, consultants and contractors that resulted in more than $2.5 million annualized cost savings and paid off $3.8 million in additional liabilities as well as repayment of secured debt. “Having recently obtained full operational control of our intellectual property, brands and operations across all assets, we’ve expeditiously mobilized our teams to optimize our strategy for the current and anticipated market conditions to maximize shareholder value,” said Red White & Bloom CEO Brad Rogers in the press release. “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. We have reduced well over $100 million of liabilities without any dilution to our shareholders and have exited the one state that had not contributed any revenue from THC operations to our results since our inception.”

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

About Red White & Bloom Brands Inc.

Red White & Bloom is a multistate cannabis operator and house of premium brands in the U.S. legal cannabis and hemp sector. RWB is predominantly focusing its investments on the major U.S. markets, including Arizona, California, Florida, Illinois, Massachusetts and Michigan with respect to cannabis, and the United States and internationally for hemp-based CBD products. For more information about the company, please visit 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 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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CannabisNewsWire is part of the InvestorBrandNetwork.

O’Cannabiz International Conference and Expo to Feature a Retail Summit and Awards Gala

The wait is finally over. Following last year’s rescheduling due to the pandemic, Canada’s premier cannabis event is set for June 1-3rd. On its return to Toronto, the O’Cannabiz International Conference and Expo will feature a VIP Conference, the 3rd annual Awards Gala, and a Retail Summit. 

To register, visit the following link: https://ocannabiz.com/toronto/register. 

O’Cannabiz will take place at the International Center in Mississauga, Ontario, Canada. The event is expected to host more than 3,500 attendees and over 180 speakers. The O’Cannabiz VIP Conference is set for June 1st and has a pool of influential speakers such as Derrick Berney, the CEO and Founder of Cannabis Wiki, and Donna Johannson, the Founder and Design Executive of Canadian Women in Cannabis (“CWIC”). Attendees will also have the opportunity to watch a Cooking Demo with Chef Pat Newton and Justin Renfrow.

The O’Cannabiz Industry Awards Gala will feature over 50 awards in 5 different categories to honor the top performing cannabis professionals and companies. The event is set for June 1st, 6:15 pm to 9 pm at Casa Loma – Toronto. There will be a 45-minute Red Carpet Royalty Cocktail Reception before commencing the dinner and awards session from 7 pm to 9 pm. Gerry Dee, Host of Family Feud Canada, will host the Awards Dinner Gala. VIP delegates, exhibitors, and sponsors will be treated to a lavish VIP Networking After Party from 9 pm to 11 pm at The Glass Pavilion, Casa Loma. 

A 2-day Retail Summit and Expo will happen from June 2-3rd. The Retail Summit will be a training program focusing on the needs and goals of cannabis retailers. During this period, exhibitors will showcase their products and solutions in a 50,000 SQ. FT. Expo Hall. The Retail Summit and Expo will be an excellent opportunity for retailers to network and learn about cannabis retail success solutions.

Visit the O’Cannabiz website to learn more about this year’s event and purchase tickets: 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 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.

Hero Technologies Inc. (HENC) Eyes Passage of Marijuana Act as Plans Include Expansion into Colorado, Massachusetts

  • U.S. House passes key cannabis bill to remove cannabis from federally banned substances
  • A 2021 Pew Research Center poll indicates 91% of Americans agree that either medical or recreational cannabis use should be allowed
  • HENC plans to expand into two states — Colorado and Massachusetts — that have legalized cannabis

For the second time, the U.S. House of Representatives has passed a bill designed to end the federal ban on marijuana, which a Reuters article says has “created legal headaches for users and businesses in the states that have legalized” the substance (https://cnw.fm/guV9E). The bill now heads to the Senate, where its fate is uncertain. Companies that operate in the cannabis space, including Hero Technologies (OTC: HENC), are watching closely.

“The Marijuana Opportunity Reinvestment and Expungement [‘MORE’] Act, sponsored by Democratic Representative Jerrold Nadler of New York, which is in the process of legalizing the drug, removes marijuana from the list of controlled substances and eliminates criminal penalties for individuals who grow, distribute or possess it,” reported Reuters. “But the MORE act will need to gain 60 votes in the evenly divided Senate before moving to President Joe Biden’s desk for his signature.”

The bill would “end decades of failed and unjust marijuana policy,” said Democratic Representative Ed Perlmutter. “It is clear prohibition is over. Today we have an opportunity to chart a new path forward on federal cannabis policy that actually makes sense.” Perlmutter noted that the bill will not force any state to legalize marijuana.

The Reuters article stated that “marijuana users and businesses that sell it face a complicated legal patchwork in the U.S, where 37 states have legalized it in some form, either for recreation or medical use, while 13 still ban it entirely. Because federal law classifies cannabis as an illegal drug with no medical uses, researchers are severely limited in how they can study the drug and its impacts, making policy difficult to write. Cannabis businesses are also largely blocked from the U.S. banking system because of the federal ban.”

The article noted that legalization of marijuana is extremely popular among Americans, with a 2021 Pew Research Center poll indicating that 91% agreed that either medical or recreational use should be allowed.

Hero Technologies is a cannabis company working toward a vertically integrated business model with plans to expand into two states — Colorado and Massachusetts — that have legalized cannabis. HENC’s multistate model includes cannabis genetic engineering, farmland for medical and recreational cannabis cultivation, production licenses, distribution licenses, consumer packaging, retail operations and dispensaries.

Currently, the company owns a majority stake in BlackBox Systems and Technologies LLC, an aeroponic cannabis cultivation system that provides optimal growing conditions to enhance photosynthesis and cultivation of large flowering plants, creating increased harvest efficiencies. Its 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.

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

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Flora Growth Corp. (NASDAQ: FLGC) Celebrates Finalization of Colombian Cannabis Export Protocols

  • Global cannabis brand Flora Growth Corp. is enjoying new opportunities for supplying its Colombian-grown high-THC and high-CBD flower to international markets, thanks to the finalization of regulatory framework allowing legal cannabis exports from the South American country
  • Flora Growth is authorized to export non-psychoactive cannabidiol (“CBD”) products as well as up to 43,600 kg of products with high-tetrahydrocannabinol (“THC”) psychoactive cannabis content
  • Flora Growth’s Cosechemos cultivation facility in central Colombia is currently capable of producing 600 kg of dried cannabis daily, as well as over 10,000 kg of cannabis derivatives annually under EU-GMP guidelines

During the past 10 years, the Colombia’s administration has made substantial strides in ushering in a new era of successful social policy dealing with its storied history (https://cnw.fm/9ludl) and last year President Ivan Duque opened the latest chapter when he helped spearhead efforts to legalize commerce in dried cannabis flowers and biomass for medical purposes and establish a regulatory framework for global cannabis export (https://cnw.fm/M4Fi7). 

The country’s new openness to the legal international market for cannabis derivative products is fueling the explosive energy that global cannabis brand builder Flora Growth (NASDAQ: FLGC) has shown in building an international supply chain and distribution networks.

Flora Growth operates a 100-hectare (about 247-acre) cultivation facility known as Cosechemos in the heart of Colombia’s lush green environs, and the company has filed licenses for more than 20 cannabinoid-infused food and beverage products with Colombia’s food and drug regulatory body, including juices, sparkling seltzers, gummies, chocolates, ghee butter and healthy snack foods that prioritize natural ingredients and value-chain sustainability (https://cnw.fm/7Tahj). 

On April 4, the company issued a news release celebrating Colombia’s final passage of Resolution 539, which establishes the cannabis flower regulatory checklist that enables licensed cannabis cultivators with export quotas, including Flora, to pass a mandatory approval process for the export of both non-psychoactive CBD and the drug product THC flower.

“Flora applauds the recent announcement by the Colombian Government as we have been working diligently to have all the necessary approvals and capabilities available to produce high THC flower, including multiple cannabis strains with THC levels over 20 percent,” Chief Commercial Officer Jason Warnock stated in the news release (https://cnw.fm/yg98B). “This resolution also clears the path to export dried CBD flower to markets including the United States where Flora already sell hundreds of CBD products via owned brands like JustCBD, MIND, and Mambe.”

Last month, the company announced that the government’s Ministry of Health and Social Protection had expanded approval for its product exports to include not only cannabis derivative products with less than 1 percent of the psychoactive THC compound but also up to 43,600 kg of high-THC cannabis for health and wellness products (https://cnw.fm/Dz1Zb).

Cosechemos is currently capable of producing 600 kg of dried cannabis daily, as well as over 10,000 kg of cannabis derivatives annually under EU-GMP guidelines. The ability to include shipments of dried cannabis flower with derivatives exports to Flora subsidiaries Flora Lab in Bogota, Colombia, and JustCBD in Fort Lauderdale, Florida, helps the company complete the vertical integration of portfolio products including CBD edible, topicals, and other infused products.

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

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 instant SMS alerts, 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)
Denver, Colorado
www.CannabisNewsWire.com
303.498.7722 Office
Editor@CannabisNewsWire.com

CannabisNewsWire is part of the InvestorBrandNetwork.