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 – Research Finds Cannabis Use Has Grown Among Baby Boomers

A recent study that was published in the Annals of Internal Medicine last Monday, shows that the use of cannabis among people aged between 56 and 74, is on the rise in America, with men in the lead. The baby boomer generation which makes up people aged between 56 and 74, refers to people who were born between the year 1946 and 1964. They make up about 20% of the world’s population, mostly in developed nations.

The study’s co-author, Bill Jesdale, suggests that the attitudes toward marijuana in the country seem to be changing. Bill Jesdale, who also works at the University of Massachusetts Medical School as an assistant professor of Population and Quantitative Health, also stated that the findings showed an increase in the use of cannabis in older people. This applies to states where cannabis has not been legalized for recreational use as well as in states where it’s been legalized.

The data used in the study was collected for a 3-year period (2016-2018) and focused on the use of marijuana in 171,507 grown-ups aged 55 and above, from 2 territories and 19 states.

Men aged 60 to 64 recorded the highest cannabis use rates, with 12.6% admitting to having used cannabis in the last 30 days in the year 2018, which is an increase from the 2016 rate, which was 3.7%. Over the same period of time, cannabis use is said to have almost doubled, to 8.2% in 2018 from 4.3% in 2016, in men aged 65 to 69 and in men aged 70 to 74, a rise to 6% from 3.2%. In women, a lesser change was recorded.

Despite the study itself not offering any explanations that would demonstrate why exactly more and more boomers are using marijuana, Jesdale as well as his colleagues suggest possible explanations, such as,

  • Lowered inhibitions against use
  • Increased availability of marijuana
  • Lower stigma linked to cannabis use
  • Numerous medical benefits coming to light

The researchers also added that other studies discovered that older people have been using marijuana to help with anxiety, pain as well as sleep problems.

In spite of this though, experts warn that marijuana use in people who are older might grow the risk of drug interactions, especially if combined with some types of medication. Researchers suggest that how marijuana affects older grown-ups may not be similar to what younger individuals experience when they use marijuana.

For instance, a review that was published earlier this year revealed that a combination of various heart medications and cannabis put consumers at risk. Dizziness, confusion, falls as well as other accidents have also been recorded.

Industry watchers say that the fact that older people are waking up to the benefits of marijuana isn’t surprising the sector players like The Alkaline Water Company Inc. (CSE: WTER) (NASDAQ: WTER)  who have always known about those nearly limitless benefits.

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 – The Alkaline Water Company Inc. (CSE: WTER) (NASDAQ: WTER) Adds New Distributor, Builds Momentum in Eco-Friendly Bottle Sector

The Alkaline Water Company (CSE: WTER) (NASDAQ: WTER), a producer of premium bottled alkaline and flavored-infused drinking waters and CBD-infused products, today announced that it has added Valu Merchandisers Company (“VMC”) as a distributor covering Midwest and Southern states. In addition, the company announced that H-E-B will now carry Alkaline88(R) aluminum bottles in 288 stores across Texas and receipt of strong initial orders from KeHE and UNFI, which recently agreed to carry the Alkaline88 eco-friendly aluminum bottles. “It is exciting to see momentum build around our eco-friendly and truly sustainable aluminum bottles,” said WTER president and CEO Ricky Wright in the press release. “Since its launch earlier this year, we have seen growing consumer demand for the product and see it as a perfect fit in the all-natural and organic channel. With UNFI and KeHE already carrying this line, the addition of VMC as a channel partner further strengthens our position in this category. VMC is one of the largest providers to more than 3,800 independently owned supermarkets, with a concentrated footprint in the Midwest and Southern markets. Our recent partnerships now give us reach into over 60,000 regional, national and independently owned grocery stores for our eco-friendly aluminum bottles. This positions us firmly to capture growth in the reusable water bottle market segment, which is expected to reach $1.5 billion by 2025.”

To view the full press release, visit http://cnw.fm/oO96j

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 delivers perfect 8.8 pH-balanced alkaline drinking water with trace minerals and electrolytes and boasts its trademarked label: Clean Beverage. 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 flavored water is available in seven unique all-natural flavors with new flavors coming soon. Additionally, in 2020, the company launched A88 Infused Beverage Division Inc., which includes the company’s CBD water and flavor-infused water. For the company’s topical and ingestible offerings, A88 Infused Products includes both the company’s lab-tested, full-spectrum hemp salves, balms, lotions, essential oils and bath salts, along with broad-spectrum hemp beverage shots, powder packs, oil tinctures, capsules and gummies. To learn more about the company, visit www.A88CBD.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 CanadianCannabisWire

CanadianCannabisWire (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.CanadianCannabisWire.com

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

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420 with CNW – Bags of Marijuana Rain on Tel Aviv Streets

Residents of Tel Aviv were treated to a rare sight last Thursday after drones dropped hundreds of small bags of cannabis over the infamous Rabin Square. Dozens of people watched curiously as the small packets of cannabis floated down to the ground, with some even running into the streets to collect as many bags as they could carry. The illegal consignment of marijuana was delivered by a group called Green Drone, which announced to its followers on Telegram that it was the start of an ongoing “rain of cannabis.”

“It’s time my dear brothers. Is it a bird? Is it a plane? No, it’s the green drone, handing out cannabis from the sky. Enjoy my beloved brothers, this is your pilot brother, making sure we all get some free love,” the group wrote before the drop. Green Drone, whose slogan is ‘free love,’ advocates for the legalization of cannabis in Israel. “We’re launching the ‘rain of cannabis’ project, which will include a weekly delivery to different parts of the country of 2 pounds of cannabis divided into free 2 grams bags.”

The group also addressed the imminent threat of a government-imposed lockdown to curb the spread of the coronavirus pandemic stating that the situation “requires thinking outside the box and coming up with new ways to getting cannabis to consumers.” This led to the birth of the “rain of cannabis” project.

Shortly after the incident, the police announced that they had arrested two suspects in their 30s who allegedly operated the drone that flew over Rabin parks and dropped hundreds of bags of cannabis. The distribution of a substance suspected to be dangerous is illegal, and the suspects will be interrogated and dealt with accordingly, the police say. Despite that, Green Drone has stated that it will continue dropping 2 pounds of marijuana in small bags every week over different parts of the country.

Cannabis remains illegal except for limited medical circumstances in Israel. Earlier this year, the legislature voted to advance two bills that would legalize cannabis for preliminary reading, one introduced by Likud MK Sharren Haskel and another introduced by Blue and White MK Ram Shefa. According to Haskel, who was born in Toronto where cannabis is legal, 30% of Israeli adults use cannabis, and legalizing it will save them money and manpower spent by police ticketing the tens of thousands of people who use cannabis.

The bills are expected to be combined in committee and sent back through the legislative process as a government-sponsored bill. It will then have to pass through the committee and the plenum three more times each to become law.

It would be interesting to hear what North American cannabis companies like Pure Extract Technologies Inc. think about the brand of activism adopted by Green Drone.

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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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 – Survey Finds 81% Support for Marijuana Legalization in Mississippi

As the November 3 ballot approaches, drug reform advocates in Mississippi will be happy to know that a majority of the state’s potential voters support the legalization of medical marijuana. After conducting telephone surveys with 600 Mississippians likely to vote in the November 2020 general election, California-based research company FM3 Research found out that 81% of them supported medical marijuana.

“In principle, four in five (81%) Mississippi voters support doctors being able to recommend medical marijuana to patients with medical conditions and serious illnesses, and more than two thirds (68%) do so strongly,” writes the firm in a key findings memo. The state has two legalization measures on the ballot, Initiative 65, which was placed on the ballot with the signatures of 228,000 Mississippians, and Alternative 65A which was placed on the ballot by the state legislature.

According to FM3 Research, Mississippians strongly favor permitting access to medical marijuana through Initiative 65, with 52% of the respondents supporting Initiative 65 and 23% supporting Alternative 65A. Ballotpedia states that “Initiative 65 supports approving the medical marijuana amendment as provided by Initiative 65, which would allow medical marijuana treatment for more than 20 specified qualifying conditions, allow individuals to possess up to 2.5 ounces of marijuana at one time and tax marijuana sales on the current state sales tax of 7%.”

On the other hand, “Alternative 65A supports approving the legislature’s alternative medical marijuana amendment, which would restrict smoking marijuana to terminally ill patients; require pharmaceutical-grade marijuana products and treatment oversight by licensed physicians, nurses, and pharmacies, and leave tax rates, possession limits, and certain other details to be set by the legislature.”

“Without Initiative 65, people are having to use pharmaceutical drugs to treat their pain and suffering. Are narcotics better? I don’t think so. This would be a whole lot better because there’s no side effects and there’s no addiction,” says Barbara Allen, a member of Medical Marijuana 2020’s steering committee. Medical Marijuana 2020 is behind the push for legalization, and the organization says that ignoring the harmful side effects of currently prescribed and legal medications cannot continue.

However, not everyone is happy about it. Jackson County Sherriff Mike Ezell says that it will create more work for law enforcement. “The sheriff’s office now answers between 26 and 2,800 calls a month. You add marijuana to this mix and, you know the teenagers and young adults, they’re gonna get it. It’s just like we talked about earlier with the brownies and the gummies and all the things they bring back from Colorado. We’ve made a number of arrests since I’ve been in office.”

“In summary, Initiative 65 stands a strong chance of passage in November 2020 in Mississippi. There is substantial support for medical marijuana in principle, and voters clearly distinguish between Initiative 65 and Alternative 65A,” the study concluded.

Industry watchers say entities like Pac Roots Cannabis Corp. (CSE: PACR) hope that the voters get accurate information about the two initiatives and vote based on concrete data in November.

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 – Hemptown Organics Corp. Announces Next Step Toward Ultimate Goal of Becoming ‘P&G’ of the Cannabinoid Industry

Hemptown, a privately held British Columbia company, today announced its entry into a letter of intent (“LOI”) with Spectre Capital Corp. (TSX.V: SOO.P), a capital pool company listed on the TSX Venture Exchange. According to the update, the LOI is in relation to Spectre’s acquisition of all the issued and outstanding securities of Hemptown. Once complete, the transaction is expected to result in the reverse takeover of Spectre. “We are excited to announce this next step in the growth of Hemptown as we work towards a public listing that will enable Hemptown to further execute on its M&A strategy, with the ultimate goal of becoming the ‘P&G’ of the cannabinoid industry,” said Eric Gripentrog, CEO of Hemptown, in the news release. “Access to the capital markets has been an important part of our growth as a company, and a public listing is expected to further enable Hemptown to grow through investment and acquisition.”

To view the full press release, visit http://cnw.fm/6ZnEG

About Hemptown

Hemptown is a diversified cannabinoid company delivering a wide product offering across the value chain, and in multiple sales channels, to meet the growing global demand for cannabinoid-based products. State-of-the-art cultivation in Oregon’s Rogue Valley, FDA-licensed and cGMP-certified product manufacturing and a strong leadership team with Fortune 500 experience are the pillars for Hemptown’s growth model as it pushes into the consumer-packaged goods sectors with top-quality white-label and branded product lines for the consumer market. For more information, visit www.HemptownUSA.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 21000 (U.S. Mobile Phones Only)

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

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

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

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CannabisNewsWire is part of the InvestorBrandNetwork.

CannabisNewsBreaks – One Cannabis Door Closes, New Ones Open for Former Canopy Growth Corporation (TSX: WEED) (NYSE: CGC) CEO

Former Canopy Growth (TSX: WEED) (NYSE: CGC) co-founder and co-CEO Bruce Linton was featured in a recent Yahoo! Finance article by Zack Guzman. The piece details “a smattering of new roles” Linton has landed within the cannabis industry since being “ousted” by Canopy’s board, which Guzman describes as having become increasingly controlled by investor and beer conglomerate Constellation Brands Inc. (NYSE: STZ). The cannabis pioneer will reportedly be joining, in an advisor capacity, many smaller companies, as well as “trying his hand as an activist investor” for SLANG Worldwide Inc. (OTC: SLGWF) – a global cannabis consumer packaged goods company. Among his multitude of new roles, Linton will serve as executive chairman for Michigan-based Gage Cannabis and as special advisor for animal health and wellness CBD micro-cap Better Choice Company Inc. (OTCQB: BTTR). The article quotes Linton on his new endeavors, where he states, “The way I selected the companies was not how much equity they would give me. I turned down the most self-enriching offers. However to be transparent, all firms provided me with generous equity exposure. With each firm and space, I sought to develop a specific view of how we build enterprise value from the current activities and limit disruption.”

To view the full article, visit http://cnw.fm/9iihd

About Canopy Growth Corporation

Canopy Growth is a world-leading diversified cannabis, hemp and cannabis device company, offering distinct brands and curated cannabis varieties in dried, oil and capsule forms, as well as medical devices through Canopy Growth’s subsidiary, Storz & Bickel GMbH & Co. KG. From product and process innovation to market execution, Canopy Growth is driven by a passion for leadership and a commitment to building a world-class cannabis company one product, site and country at a time.

Canopy Growth’s medical division, Spectrum Therapeutics is proudly dedicated to educating healthcare practitioners, conducting robust clinical research, and furthering the public’s understanding of cannabis, and has devoted millions of dollars toward cutting-edge, commercializable research and IP development. Spectrum Therapeutics sells a range of full-spectrum products using its colour-coded classification Spectrum system as well as single cannabinoid Dronabinol under the brand Bionorica Ethics.

Canopy Growth operates retail stores across Canada under its award-winning Tweed and Tokyo Smoke banners. Tweed is a globally recognized cannabis brand which has built a large and loyal following by focusing on quality products and meaningful customer relationships.

From its historic public listing on the Toronto Stock Exchange and New York Stock Exchange to its international expansion, pride in advancing shareholder value through leadership is engrained in all accomplishments at Canopy Growth. Canopy Growth has established partnerships with leading sector names including cannabis icons Snoop Dogg and Seth Rogen, breeding legends DNA Genetics and Green House Seeds, as well as lifestyle guru Martha Stewart and Fortune 500 alcohol leader Constellation Brands, to name but a few. For more information visit www.CanopyGrowth.com.

About CanadianCannabisWire

CanadianCannabisWire (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.CanadianCannabisWire.com

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

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CannabisNewsBreaks – The Alkaline Water Company Inc. (NASDAQ: WTER) (CSE: WTER) Executive to Present at Three September Conferences

The Alkaline Water Company (NASDAQ: WTER) (CSE: WTER), a producer of premium bottled alkaline water, flavor-infused waters, and CBD-infused products, has announced that WTER president and CEO Richard Wright is slated to present at several virtual investor conferences scheduled for September. Those conferences include the H.C. Wainwright 22nd annual Global Investment Conference, where Wright will conduct an analyst-moderated fireside chat on Sept. 15 and the company will participate in one-on-one meetings throughout the three-day conference; the Sidoti Fall 2020 Virtual Investor Conference, where Wright will be presenting on Sept. 23 and the company will be participating in one-on-one meetings Sept. 23–24; and the Alliance Global Partners Cannabis Conference 2020, where Wright will be participating in one-on-one meetings with investors throughout the Sept. 29 event. Where available, Wright’s presentations will be webcast live with replays available for up to 30 days following the initial presentation on WTER’s Investor Relations site.

To view the full press release, visit http://cnw.fm/uOdTL

About The Alkaline Water Company Inc.

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 delivers perfect 8.8 pH-balanced alkaline drinking water with trace minerals and electrolytes and boasts its trademarked label: Clean Beverage. 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 flavored water is available in seven unique all-natural flavors with new flavors coming soon. Additionally, in 2020, the company launched A88 Infused Beverage Division Inc., which includes the company’s CBD water and flavor-infused water. For the company’s topical and ingestible offerings, A88 Infused Products includes both the company’s lab-tested, full-spectrum hemp salves, balms, lotions, essential oils and bath salts, along with broad-spectrum hemp beverage shots, powder packs, oil tinctures, capsules and gummies. To learn more about the company visit www.A88CBD.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 CanadianCannabisWire

CanadianCannabisWire (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.CanadianCannabisWire.com

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

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CanadianCannabisWire is part of the InvestorBrandNetwork.

CannabisNewsBreaks – Cannabis Global Inc. (CBGL) Recaps Accomplishments, Offers Insight Into Direction for New Fiscal Year

Cannabis Global (OTC: CBGL), a cannabis, cannabinoid and hemp extract science-forward company developing unique infusion technologies and products, today provided a recap of the recently closed fiscal year (Aug. 31). The company also offered insight on its next steps as it begins marketing activities. “It’s been approximately one year since we reorganized the company toward cannabinoid technologies and products,” CBGL CEO Arman Tabatabaei said in the news release. “We have made substantial progress in our selected technology areas, and based on these innovations, we have designed a revolutionary set of products, which are now rolling out into the marketplace. I am pleased to offer our investors and the industry the following summary of activities and insight into our direction for this new fiscal year.”

To view the full press release, visit http://cnw.fm/jAZ8T

About Cannabis Global Inc.

Cannabis Global, formerly known as MCTC Holdings Inc., is a fully audited and reporting company with the U.S. Securities & Exchange Commission, trading with the stock symbol CBGL. The company is an emerging force in the area of cannabinoid sciences and highly bioavailable hemp and cannabis infusion technologies. The company does not engage in the production, distribution or sales of any controlled substances, including marijuana. The company has an actively growing portfolio of intellectual property having filed six patents in the areas of cannabinoid delivery systems and cannabinoid polymeric nanoparticles. The company markets its consumer products under the Hemp You Can Feel brand name. Cannabis Global launched its Project Varin early in 2020 to develop new delivery methods for rare cannabinoid tetrahydrocannabivarin (“THC-V”) and to develop products based on this cannabinoid. For more information, visit the company’s website at www.CannabisGlobalInc.com.

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

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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Cannabis Companies Committed to Quality Carve Niche in Multi-Billion-Dollar Industry

CannabisNewsWire Editorial Coverage: As the cannabis industry matures and is again heating up — a recent eye-popping report by Data Bridge Market Research projects that the global legal marijuana market will explode to more than $90 billion by 2027. Companies operating in the sector are looking to capitalize on opportunities the multibillion-dollar space offers. Recognizing the often submarginal quality of available product as well as high cost of development and land acquisition, Pac Roots Cannabis Corp. (CSE: PACR) (PACR Profile) utilizes state-of-the-art genetics to ensure premium-quality products. Using science and key strategic partnerships, Pac Roots intends to eliminate the quality and cost barriers to success and carve what could be profitable niche in a booming market. Canopy Growth Corporation (NYSE: CGC) continues expansion of its Canadian operations while Cronos Group Inc. (NASDAQ: CRON) has officially entered the Israeli medical cannabis market with the sale of its dried flower products. Aphria Inc. (NASDAQ: APHA) has also entered the Israeli market with its recently announced supply agreement with Canndoc, and Organigram Holdings Inc. (NASDAQ: OGI) has launched Trailblazer Snax, the largest cannabis-infused chocolate bar in Canada.

  • Pac Roots has unlimited access to one of Canada’s largest live, genetic cannabis library with more than 350 lab-tested, field-tested cultivars.
  • High-quality flowers are essential to the process of producing high-quality cannabis products.
  • PACR focuses its cultivation operations on the best outdoor growing climates in Canada.

Click here to view the custom infographic of the Pac Roots Cannabis Corp. (CSE: PACR) editorial.

The Quest for Quality

Common sense dictates that high-quality flowers are essential to the process of producing high-quality cannabis products. Yet as demand for these products has spiked and more companies have entered the burgeoning space, cannabis genetics may actually be slipping as competitors scramble for market share.

Pac Roots Cannabis Corp. (CSE: PACR) is dedicated to delivering the finest cannabis genetics to its consumers, preserving the excellence of its carefully cultivated elite strains while also working to introduce superior new strains. While some companies may strive to be the largest cannabis grower, Pac Roots believes that the quality of the product is paramount. With demand for premium products at an all-time high, Pac Roots appears to be ideally positioned as a leader in the premium-cannabis space.

The company achieves this commitment to excellence in part through its strategic licensing agreement with Phenome One Corp, which gives Pac Roots complete access to one of Canada’s largest live, genetic cannabis library with lab and field-tested, selectively bred cultivars. Pac Roots utilizes the cultivars in the Phenome library to grow, breed and clone its own unique brands. Through careful breeding and cultivation, Pac Roots offers everything from CBD-dominant plants with rare terpene profiles and soaring 30%-plus THC giants to West Coast outdoor, botrytis-resistant plants.

Pac Roots and Phenome One are developing elite strains with multiple beneficial characteristics. The impressive  catalog consists of more than 350 tested cultivars; approximately 50 are in the super-elite category. The goal for the partnership is to offer the highest-quality cultivars that have been proven and stress tested under variable commercial conditions to provide the utmost resilience. The two companies share a dedication to delivering rich THC and CBD cultivars with unique terpene profiles while continuing to attain industry-leading GPW yield.

Optimized Farming Systems

Superior genetics isn’t the only key to cultivating quality cannabis. Optimized farming systems are essential in the quest for quality product. Pac Roots works closely with carefully selected partners to optimize cultivation through unique, proprietary methods, including the following essential aspects:

  • Nutrients are custom formulated from raw salts for specific cultivars.
  • Systematic planting of young, hardy cultivars, measuring up to 18 inches, which provides maximum opportunity for growth and resilience.
  • Row compaction and mowing for weed control, enabling a selected harvest
  • Complex irrigation systems with direct-nutrient and spring-water delivery to each plant site.

In addition to following a tested and refined cultivation process, the company carefully chooses its cultivation sites, focuses its operations on the best outdoor growing climates in Canada, including the South Okanagan Valley and the Fraser Valley Regional District.

Cultivation on the Golden Mile

Known as the Golden Mile and now referred to as the Napa Valley of the North, the South Okanagan Valley in British Columbia is the site of Rock Creek Farms, a 100-acre, premium-hemp, joint venture that Pac Roots started in May 2020 after receiving its hemp cultivation license from Health Canada.

Planting began in mid-June; approximately 130,000 premium-hemp CBD seedlings, which had been sown a month earlier in greenhouses to ensure optimal growth and minimize environmental impact, were systematically planted across two 50-acre parcels. With harvesting expected to begin in October, the hemp plantation crop is forecast to be between 500,000 and 700,00 pounds of biomass; 100% of that yield is already under contract with a processor at fair market value.

“It has been a busy for months since listing on the CSE in early May 2020,” said Pac Roots CEO Patrick Elliott. “We are proud to have a healthy crop and remain bullish on delivering a premium, high-yielding product to our customer. In early 2020, we had a goal of becoming a revenue generator in 2020 as market appetite was evolving towards a cash flow scenario and realizing on projected forecasts as paramount to survival in this industry. We are privileged to be involved with our strategic partners at Rock Creeks Farms, Phenome One and Speakeasy Cannabis Club as a production scenario in our first year of operation would not have been possible without the generous leasing of land, equipment, licenses, infrastructure, genetics, operations team, management and expertise to round off the joint venture.”

Pristine Property in Fraser Valley

In addition, the company is slated to soon complete a share purchase agreement of 250 acres of prestigious land in the Fraser Valley Regional District (“FVRD”) of British Columbia. The agreement, made with 1088070 BC. Ltd. outlines Pac Roots plans to acquire all of the issued and outstanding shares of 1088, which owned nine parcels of pristine property in FVRD, one of the most productive and intensively farmed areas in Canada. The area offers high-quality soil, favorable climate, water and a local market of 2.5 million people. Agriculture in this region yields an annual economic value of more than $3 billion.

“The addition of such a substantial package of land to our portfolio is a major step for Pac Roots,” said Elliott. “We are pleased to have the opportunity to add significant acreage with an acquisitional cost base of $9,600 per acre. This land has no zoning restrictions and is not situated within the Agricultural land reserve, which provides for infinite development possibilities.”

The acquisition of the 250 FVRD acres combined with the 100-acre hemp joint venture in Rock Creek, along with the company’s plans for an indoor cultivation facility in Lake Country, British Columbia, demonstrates a long pipeline of development projects for Pac Roots. Through these recent achievements, the growing company is confirming its ability to optimize cultivation with seasoned expertise. Its commitment to maximizing yield while lowering production costs seems evident throughout Pac Roots’ strategic growth plan.

With demand for high-quality cannabis products only expected to increase as large-scale growers appear unable to deliver a premium-grade flower, Pac Roots appears to have firmly established its commitment to offering the finest crops available and developing the future of genetics. “Preserving the excellence of our elite strains while introducing the highest quality of new strains to the public is our passion,” the company’s website declares, and its recent activity in the cannabis market looks to support that mission.

Becoming Cannabis Players

Unique in its approach and commitment to quality, Pac Roots isn’t the only company vying for market share in the flourishing cannabis sector.

Canopy Growth Corporation (NYSE: CGC) expanded operations into Alberta, opening 10 retail stores under the Tokyo Smoke and Tweed brands. This announcement marks CGC’s commitment to national retail expansion and added consumer engagement opportunities across Canada. Canopy’s retail expansion into Alberta brings the number of Tokyo Smoke and Tweed retail cannabis stores in Western Canada — Manitoba and Saskatchewan — to 29, while increasing  Canopy’s retail banners across the entire country to a total of 50. More are planned in the coming months.

Cronos Group Inc. (NASDAQ: CRON) is expanding as well. The company officially entered the Israeli medical cannabis market with the sale of Peace Naturals-branded, dried-flower products to medical patients. “In the second quarter of 2020, we continued our progress despite unprecedented shifts in our industry and the global economy,” said Cronos Group CEO Mike Gorenstein. “During these extraordinary times, it is very encouraging to see that we are making progress against our strategy across our global footprint,” said Mike Gorenstein, CEO of Cronos Group.

With the announcement of its supply agreement with Canndoc, one of Israel’s largest and most established medical cannabis producers, Aphria Inc. (NASDAQ: APHA) is now positioned within two of the largest cannabis markets outside of Canada. Under the terms of the agreement, Aphria will supply Canndoc with dried bulk flower over a two-year period, with options to extend for additional terms if the parties agree to terms. The strategic partnership will also include the possibility of Aphria and Canndoc collaborating on research initiatives such as clinical trials focused on the use of medical cannabis with leading hospitals and research institutions in Israel and exploring potential collaboration in the EU market.

Organigram Holdings Inc. (NASDAQ: OGI) is pursuing the end-consumer market with the recent release of its Trailblazer Snax, the largest cannabis-infused chocolate bar in Canada. The company’s most recent cannabis 2.0 product, Trailblazer Snax was developed to satisfy discerning chocolate connoisseurs while remaining an affordable cannabis-infused option. Available in both mint and mocha flavors, the 42-gram bar provides 10mg of THC is competitively priced and is divided into five sections, allowing consumers to share as well as control dosage.

In an industry projected to top $90-billion in just a few years, the moves by companies operating in the cannabis space speak to the industry’s promising future. Companies that focus on high-quality products through genetics while controlling costs could reap outsized market rewards  as the sector continues to grow and mature.

For more information about Pac Roots., please visit Pac Roots Cannabis Corp. (CSE: PACR)

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420 with CNW – Marijuana Advocates Help Congress Draft Bill to Prevent Impaired Driving

A well-known cannabis advocacy group, in association with the National Organization for the Reform of Marijuana Laws helped draft a new congressional bill whose objective is to combat drug-impaired driving.

The legislation was filed on Friday by Representative Kathleen Maura Rice (D-NY) and Troy Balderson (R-OH). The legislation would also establish a $5 million annual federal grant to be used to further advocate for public education on drug-impaired driving.

Those who oppose cannabis legalization often claim that its legalization would increase occurrences of impaired driving despite the lack of evidence to back their claims.

Last year, it was also determined by the Congressional Research Service that the concerns that have been expressed by various legislators about marijuana legalization making the roads more dangerous might be unfounded. The body discovered that proof of cannabis’ ability to impair driving is not conclusive.

Additionally, they stated that despite the numerous lab studies and trials that determine that cannabis consumption can affect an individual’s motor performance as well as their response times, the studies on the effect of cannabis consumption on a driver’s risk of getting involved in a car crash have not provided consistent results. Some studies even found that there was almost no risk of a car crash that would result from the use of marijuana.

The studies were also unable to link different levels of cannabis consumption or THC levels in an individual’s body to levels of impairment.

It should be noted that driving under the influence of any substance is not endorsed by any individual, independent body or the general public. This also includes states that have legalized cannabis as well.

In July, a separate bill was approved by the House that made it necessary for states that had legalized marijuana to look into various methods of educating individuals about impaired driving while also discouraging them from driving under the influence.

Furthermore, some studies that were carried out by independent bodies discovered that the legalization of cannabis is not linked to a rise in traffic accidents.

In a press release that was done recently, Rep. Kathleen Rice, who is also the sponsor to the new Drug-Impaired Driving Education Act, stated that driving while intoxicated on drugs was just as detrimental as driving under the influence of alcohol. She then proceeded to say that was why the bill had been drafted, to expand public education and raise awareness of drug-impaired driving.

It remains to be seen what marijuana sector players like Sugarmade, Inc. (OTCQB: SGMD) think about the spirit and letter of this bill before Congress.

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

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