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 — The Future Looks Promising for CBD Wellness Products

Forecasts show that the global market for CBD (cannabidiol), which is currently valued at $9.3 billion, will have reached almost $24 billion in revenue by the year 2025. The future is promising for businesses getting into the CBD market, given its expected compound annual growth rate of roughly 22%.

Currently, North America is in the industry lead worldwide, making up 40% of the international CBD market share. However, it may not dominate the market much longer, as Europe is catching up with 30% market share. The Valens Company, which is a global leader in the manufacture of innovative CBD-based products, is one of the companies, which are well positioned to meet the global demand for CBD.

By providing customizable services, which range from processing and extraction to analytical testing, product development and white labelling, Valens is a company of choice for those in the CBD wellness industry or those planning to venture into it.

You may be asking, but why is CBD so popular?

CBD is one of the pair of most commonly studied and used cannabinoids found in the cannabis plant, the other being THC, which is the psychoactive compound that induces a high when ingested. Multiple studies have found that CBD offers various potential wellness benefits. For instance, CBD has the potential to relieve inflammation and alleviate pain, with its soothing properties also being used to aid in relaxation. Products such as CBD oil have also shown promise as a treatment for anxiety and depression and can also be used to help treat acne.

The market for ingestible products such as CBD beverages, chocolates, brownies and gummies is also expanding. This is mainly being driven by the ease of use and the discretion of ingestible products.

Research has also found that CBD-infused topical wellness products, which come in formats such as sprays, balms, creams and lotions, also have the potential to act on an individual’s endocannabinoid receptors in the nerves, skin and muscle tissues at the area of application. Preclinical research has also demonstrated active involvement of cannabinoids in maintaining skin homeostasis, which explains the growing interest in CBD’s potential as a topical product.

In the past, safe market development for CBD was limited due to the lack of clear regulations and the restrictions imposed on CBD and its products. Now, however, with legislation on CBD moving towards guidance and regulation, the demand for CBD products continues to grow, which creates more opportunities for brands that are already participating in the cosmetics, food and beverage, and health and wellness industries, or those venturing into it.

Companies such as Golden Triangle Ventures Inc. (OTC: GTVH), which have a focus on hemp-derived wellness products, can look forward to benefiting from the increasing interest in cannabinoid-infused products around the world.

NOTE TO INVESTORS: The latest news and updates relating to Golden Triangle Ventures Inc. (OTC: GTVH) are available in the company’s newsroom at https://nnw.fm/GTVH

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 — Emulsion: The Science Powering Cannabis-Infused Drinks

The past few years have seen the cannabis industry expand from only cannabis flower and edibles to all kinds of concentrates and infused beverages. Thanks to constantly improving technology, the average cannabis consumer has a wide variety of products to choose from, and at the moment, cannabis-infused drinks are enjoying a surge in popularity. But because cannabinoids such as THC and CBD, which are the chemical compounds responsible for cannabis’ effects, are not water soluble, players in the cannabis industry needed to find a way to infuse cannabis into beverages that ensured consistent product quality and user experience.

Nano-emulsification turned out to be the best option. Since cannabinoids are highly fat-soluble, they readily bond with oils and fats. While this may work great for creating edible cannabis products using cannabutter and cannaoil, beverages are a different story entirely. Not only do cannabis companies have to infuse cannabis into beverages, but they also have to ensure those beverages have a good taste and texture that stay consistent throughout the entire product line. Emulsion provides an effective means of turning raw cannabis into consistently smooth, high-quality beverages over the long term.

The process involves breaking down the cannabinoid of choice — either THC, CBD, or both — into tiny, microscopic particles and mixing those particles with a substance called an emulsifier, which helps the cannabinoid oil dissolve in water. Simply put, an emulsifier is made of two parts, with one part binding to the oil and the other binding to the water. Once the microscopic oil particles have bonded with the emulsifier, the cannabis emulsion is added to the water base ensuring a seamless marriage between the cannabinoids and water.

The result of this emulsification technology is that cannabis beverages have become much better than they used to be when they first hit the market. Lynden Henderson of Outbound Brewing says that when he first encountered a cannabis-infused beverage, it was chunky with bits of cannabis still floating throughout the drink, and had an unpleasant consistency. The experience inspired him to create his own line of cannabis beverages with colleagues at Outbound Brewing, where they leveraged nano-emulsification to develop consistently smooth drinks with a pleasant texture.

Consistency is especially crucial as users will not make repeat purchases if different bottles of the same drink have different tastes and textures. However, despite all emulsion has done for cannabis beverages, it still has limitations. Emulsions react poorly when exposed to certain packaging materials and harsh thermal conditions, or even when they are exposed to the air. Technology is constantly evolving, fortunately, and as cannabis companies further develop emulsification, they will hopefully find a solution for these issues.

Emulsion techniques are evolving rapidly, and companies such as The Alkaline Water Company Inc. (NASDAQ: WTER) (CSE: WTER) are pushing the possibilities to the edge as they make infused drinks.

NOTE TO INVESTORS: The latest news and updates relating to The Alkaline Water Company Inc. (NASDAQ: WTER) (CSE: WTER) are available in the company’s newsroom at http://cnw.fm/WTER

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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CannabisNewsBreaks – BevCanna Enterprises Inc. (CSE: BEV) (OTCQB: BVNNF) (FSE: 7BC) Receives Initial PO from Alberta Gaming and Liquor Commission

BevCanna Enterprises (CSE: BEV) (OTCQB: BVNNF) (FSE: 7BC), an emerging leader in innovative health and wellness beverages and products, has received multiple product listings and purchase orders from Alberta Gaming and Liquor Commission (“AGLC”). The initial order includes international bestsellers Keef and Green Monké products as well BevCanna’s new brand, State B Beverages. The products are slated  to be on the shelves of more than 600 licensed private retailers by the fall; the products will also be available online. AGLC is the government of Alberta’s agency that oversees the gaming, liquor and cannabis industries in Alberta; the agency also operates the province’s only legal, nonmedical online cannabis store. Because Alberta is Canada’s second-largest market for adult-use cannabis products, this purchase order is significant for BevCanna. AGLC’s order included three varieties from No. 1-selling U.S. beverage brand, Keef: Bubba Kush Classic Soda, Orange Kush Classic Soda and Bubba Kush Root Beer. BevCanna is the exclusive manufacturer of Keef Brands products in Canada. In addition, the PO included Green Monké’s Mango Guava, Orange Passionfruit and Tropical Citrusbeverages; BevCanna manufactures Green Monké in Canada through its white-label program. In addition, this order marks the premiere of the State B Cannabis Beverage Co.in Alberta. Three State B beverages were included in the order. “Launching these three brands into Alberta retailers is an important milestone,” said BevCanna president Melise Panetta in the press release. “Alberta is one of the largest and important markets in the Canadian cannabis sector. We’re thrilled that we will have these brands in the Alberta market shortly and we’re quickly scaling up production to ensure that we’re able to meet the demand for these products as we are rapidly expanding our distribution from coast to coast.” To view the full press release, visit https://cnw.fm/ZGMdU About BevCanna Enterprises Inc. BevCanna Enterprises is a diversified health and wellness beverage and natural products company. BevCanna develops and manufactures a range of alkaline, plant-based and cannabinoid beverages and supplements for both in-house brands and white-label clients. With decades of experience creating, manufacturing and distributing iconic brands that resonate with consumers on a global scale, the BevCanna team demonstrates an expertise unmatched in the nutraceutical and cannabis-infused beverage categories. Based in British Columbia, BevCanna owns a pristine alkaline spring water aquifer and a world-class, 40,000-square-foot, HACCP-certified manufacturing facility, with a bottling capacity of up to 210 million bottles annually. BevCanna’s extensive distribution network includes more than 3,000 points of retail distribution through its market-leading TRACE brand, its Pure Therapy natural health and wellness e-commerce platform, its fully licensed Canadian cannabis manufacturing and distribution network, and a partnership with number-one U.S. cannabis beverage company Keef Brands. For more information about the company, please visit www.BevCanna.com. NOTE TO INVESTORS: The latest news and updates relating to BVNNF are available in the company’s newsroom at http://cnw.fm/BVNNF 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 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.

420 with CNW — Michigan AG Says Private Cannabis Use Shouldn’t Jeopardize Unemployment Benefits

For years, marijuana’s classification at the federal level as a Schedule I controlled substance has been a major hurdle to the legal cannabis industry on a state level. Patients who use medical marijuana often face the risk of experiencing federal reprisals for taking part in an activity deemed legal by their home states and one that is geared towards improving their health and quality of life. Consequently, most federal organizations, which are required to adhere to federal policies, tend to deprive individuals who use state legal cannabis of certain benefits.

Michigan’s Attorney General Dana Nessel doesn’t believe this should be the norm. In a brief prepared by her office, she argued that employers cannot use cannabis consumption as a reason to disqualify their employees from receiving unemployment benefits. This came after three cases regarding cannabis and unemployment benefits were brought before the Michigan Unemployment Insurance Commission. Each case featured an employee who was found with cannabis metabolites in their system, which can remain in hair follicles for 90 days or more after consuming cannabis, and an employer who claimed that the drug test results disqualified that employee from unemployment benefits.

Specifically, these cases featured an off-duty HVAC employee who was involved in an accident while driving a company car, a warehouse worker who had to be hospitalized after being hurt on site, and a maintenance worker who was injured on company time. All three employees tested positive for marijuana after submitting to a drug test, although they claim that they were sober and clear minded at the time of their accidents. Their employers tried to use their drug test results to deny unemployment benefits using state law, which says that individuals who test positive for illegal substances are liable for disqualification.

Presenting their cases before administrative judges, two of the employees won their cases while one lost. This Monday, Nessel released her brief in support of employees who consume legal marijuana. She argued that cannabis use cannot be used as a basis for penalizing or denying the rights and benefits of anyone older than 21 years of age. Employers have no control over their employees in their private lives, she says, and they have no right to call what their employees do in their free time “misconduct.” The drug disqualification the employers tried to base their cases on only applies to illegal drugs, which cannabis isn’t in several states, including Michigan.

This mismatch between state and federal law has consistently been a thorn in the cannabis sector’s side. While Nessel’s brief defends the rights of workers who choose to use state legal cannabis, it is a sign of a deeper problem that requires swift attention. With lawmakers considering legislation to federally deschedule cannabis, there is a chance that individuals will no longer be penalized for acts that are legal in their home states.

The position of the attorney general in Michigan with regard to the right of people to consume state-legal cannabis during their private time is a plus for the entire cannabis industry, including companies such as American Cannabis Partners because it takes marijuana a step closer to being looked at like any other legal substance, such as alcohol.

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

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420 with CNW — What’s Driving the Renewed Interest in Hemp?

Hemp is a cannabis sativa plant species that has long been cultivated for industrial use. Unlike marijuana, it contains low levels of THC, which is the main psychoactive ingredient in marijuana that induces a high.

Hemp is used in many products and materials. For instance, hemp is used in textiles to keep knees in jeans from wearing out because it is stronger than cotton. Some claim that the plant is also stronger than steel, which could explain why electric vehicle and car manufacturers use it to reinforce some vehicle components, such as door panels. A good example of this would be BMW, which uses hemp-based fibers to strengthen its car paneling. Henry Ford also utilized hemp in his car designs.

The plant is also biodegradable and can be used to solve the lumber crisis, as hemp-based materials are more affordable in comparison with wood. Hemp is also more readily available because the plant is harvested annually.

Wood products manufactured from hemp are also said to be more solid and beautiful than products made from timber. Additionally, hemp is used in designing wood paneling and hardwood floors, which saves contractors money in every project and produces a superior product.

Hemp is also pest free and low dust as well as mold, fire and rot resistant. This, among many other reasons, helps explain the growing interest in hemp. However, there are issues that plague this burgeoning industry.

The main barrier is the lack of processing capacity in various regions across the country, which makes it harder for hemp cultivators to ready their harvest for market. At the moment, most growers and farmers have to hang-dry their hemp by hand, which requires expensive and limited labor; harvesting also requires a lot of time and space. This whole harvesting process is also weather sensitive, and growers may have a hard time finding a buyer even after the final product is ready.

This is why in most scenarios, growers have to deal with their buyers directly, which may not always be ideal for a farmer because the hemp infrastructure and supply chain isn’t as developed as the chain for other agricultural crops, such as soybeans or corn.

Some companies have noticed these gaps in the market and are working towards making it easier for farmers to process their product, find buyers and distribute hemp without the hassle. This is in addition to finding ways to make use of every single part of the hemp plant, which will reduce waste. This is what Flora Growth Corp. (NASDAQ: FLGC) is doing by making hemp textiles.

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

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CannabisNewsBreaks – Sugarmade Inc. (SGMD) Closes on Acquisition of Property Designated as Second LA Nug Avenue Delivery Hub

Sugarmade (OTC: SGMD), an emerging leader in the vertically integrated cannabis marketplace based in California, has closed on its previously announced acquisition of a Los Angelese property; the company noted that the property has been designated as a new distribution and delivery hub for SGMD’s Nug Avenue cannabis delivery segment. The company has also previously announced the signing of a memorandum of understanding to apply and obtain three non-storefront California cannabis licenses from the Los Angeles Department of Cannabis Regulation; the company is also applying for corresponding licenses from the California Bureau of Cannabis Control. These licenses should provide the licensing foundation for the opening of three new cannabis-related commercial operations in California. “We are very excited to announce the upcoming location of our new Nug Avenue delivery hub, which is in a prime position to serve the downtown LA area,” said Sugarmade CEO Jimmy Chan in the press release. “Our initial Nug Avenue location has been open for nearly six months and has established a strong brand with tremendous growth in membership — already exceeding 10,000 members and growing fast. Our remaining licenses can be applied to both expansion and verticalization of Nug Avenue operations as we continue to build a top-tier, farm-to-door leader in the California cannabis marketplace.”

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

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/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 21000 (U.S. Mobile Phones Only)

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

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CannabisNewsBreaks – Lexaria Bioscience Corp. (NASDAQ: LEXX) Featured in PCG Report Noting Company Could Deliver for Investors

Lexaria Bioscience (NASDAQ: LEXX), a global innovator in drug-delivery platforms, is featured in a report issued by PCG Digital Holdings LLC, an affiliate of PCG Advisory Inc. In the report, PCG noted that “Lexaria, delivering active ingredients to patients, could deliver for investors too.” The report stated that LEXX may be poised for a surge as the company’s DehydraTECH(TM) platform has proven to be an effective way to deliver active ingredients. The release noted that DehydraTECH had shown effectiveness as a hypertension treatment using CBD as well as with various antivirals. In addition, the release reported that DehydraTECH-enabled products are currently available in more than 7,000 retail outlets located throughout the United States and that the “book-to-market ratio suggests a great deal of confidence in management.” PCG observed that “LEXX was on an upward trend and trading around $8.50 per share in mid-July, about a dollar away from a 12-month peak. That momentum gave investors the confidence to exercise another $3.8 million in existing warrants and, with the risk of dilution setting in, the stock price retreated to about $5.50. Considering Lexaria’s market cap is still almost $30 million, maybe a one-third drop in share price is a bit too excessive a reaction compared to only a one-tenth expansion in share dilution. And the company appears to have about $12 million in cash, roughly $2 per share. The fundamentals have only changed for the better over the past few months. The company operates an in-house research laboratory and holds a robust intellectual property portfolio with 21 patents granted and over 50 patent applications pending around the world. The company is vertically integrated with subsidiaries in the hemp, oral nicotine, and pharmaceutical industries. It should also be noted that the July stock price surge came on the news of DehydraTECH’s efficacy in connection with a colchicine, a COVID-19 therapy.”

To view the full press release, visit https://cnw.fm/oS5SE

About Lexaria Bioscience Corp.

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

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

About 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)

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CannabisNewsBreaks – Flora Growth Corp. (NASDAQ: FLGC) Announces Plans to Acquire Industry Leading Vessel Brand

Flora Growth Corp. (NASDAQ: FLGC), a leading all-outdoor cultivator and manufacturer of global cannabis products and brands, today announced its entry into a letter of intent (“LOI”) to acquire 100% of Vessel Brand Inc. Vessel is driving cannabis and wellness industries forward by bringing to market innovative products and experiences that elevate consumer expectations. With its decades of go-to-market experience, unique lineup of high-end dry-herb accessories and vape pen batteries, and bespoke product programs for brands, Vessel is the go-to product line for consumers, multistate operators and brands alike. “As we ramp up production and continue scaling for global growth, we believe that the proposed acquisition of Vessel positions us strategically at an extremely pivotal time. We’re very much looking forward to working with the entire Vessel team, who has a proven history in scaling consumer packaged goods brands and optimizing and executing sales and marketing strategies,” said Luis Merchan, president and CEO of Flora. “Beyond the attractive financial metrics based on Vessel’s high-margin luxury product line, we are adding bench strength and premier talent to capture the many market opportunities around the world as we look to further diversify our innovative product lines and globally recognized brands.”

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

About Flora Growth Corp.

Flora is a cannabis company that leverages natural, cost-effective cultivation practices to supply cannabis derivatives to its diverse business divisions of cosmetics, hemp textiles, and food and beverage. As the operator of one of the largest outdoor cultivation facilities, Flora strives to market a higher-quality premium product at below-market prices. By prioritizing natural ingredients and value-chain sustainability across its portfolio, Flora creates premium products that help consumers restore and thrive. 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 21000 (U.S. Mobile Phones Only)

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CannabisNewsBreaks – Chalice Brands Ltd. (CSE: CHAL) (OTCQB: CHALF) Announces Participation at Q3 Virtual Investor Summit

Chalice Brands (CSE: CHAL) (OTCQB: CHALF), a premier consumer-driven cannabis company specializing in retail, production, processing, wholesale and distribution, will be participating and presenting at the upcoming Q3 Virtual Investor Summit. The summit is scheduled for Aug. 17–18, 2021. CHALF management, including president and CEO Jeff Yapp and executive chair John Varghese will host a virtual presentation during the gathering; that presentation is slated to begin on Wednesday, Aug. 18, 2021, at 11 a.m. ET. In addition, the two executives will also participate in one-on-one meetings with potential investors.

To register for the event, visit https://cnw.fm/n8eb1

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

About Chalice Brands Ltd.

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

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

About CannabisNewsWire

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

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

CannabisNewsWire is part of the InvestorBrandNetwork.

CannabisNewsBreaks – The Alkaline Water Company Inc. (NASDAQ: WTER) (CSE: WTER) Announces Q1 2022 Results — Another Record Quarter

The Alkaline Water Company (NASDAQ: WTER) (CSE: WTER), the country’s largest independent alkaline water company, released its financial reports for first quarter 2022, marking continued growth and record revenue. The report, for the period ended June 30, 2021, noted that revenue for the company reached $14.1 million, an increase of 19.6% on a two-year stacked basis and the 33rd straight comparable quarter of record sales. The quarter also saw a partnership agreement with NBA Hall of Famer Shaquille O’Neal and Authentic Brands Group; distribution agreements made with major retailers, including CVS and Harris Teeter; the unveiling of eco-friendly white aluminum bottles nationwide; and continued commitment to key strategic initiatives, including big box, clubs and other nontraditional retailers as well as e-commerce, hospitality, convenience stores, international and CBD. “I’m pleased to announce that in the first quarter of fiscal 2022, The Alkaline Water Company secured a three-year partnership with Shaquille O’Neal and Authentic Brands Group (“ABG”) in which Shaq will serve as a member of our advisory board and as brand ambassador,” said The Alkaline Water Company president and CEO Richard A. Wright in the press release. “This quarter also saw record revenue and strong continued growth. Even when compared to last year’s pantry-loading, our first quarter fiscal 2022 was our 33rd straight comparable quarter of record sales. The momentum from our fourth quarter of fiscal 2021 has carried over into our first quarter fiscal 2022 and led to revenue of $14.1 million, a 5% increase year-over-year, and 19.6% increase on a two-year stacked basis. Fiscal 2022 is shaping up to be a watershed year for The Alkaline Water Company. All the hard work and execution over the last eight years is coming to fruition, and I believe that Alkaline88(R) will be a household name this fiscal year.”

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

About The Alkaline Water Company

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

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

About CannabisNewsWire

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

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

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.