420 with CNW – Coronavirus and Social Distancing Propels Cannabis Market

In March 2020, every other headline seemed to be about the run on toilet paper. But another product was silently being stockpiled in many American homes. Cannabis.

Orders for legal cannabis products surged in March in the 33 states where some form of cannabis is legal. The two-week spike was attributed to panic buying by consumers. After a bit of fluctuation, sales began to stabilize at the end of April. However, when those sales numbers stabilized, they were nearly 40% higher than at the same point in 2019.

The downturn hasn’t made a dent in demand, according to a recent whitepaper released at the end of July that reports 2020 industry growth is outpacing 2019 growth. Cannabis is proving to be recession-resistant with demand expected to remain steady in coming months.

Additionally, cannabis companies are on the rebound and retailers are now purchasing more than they were prior to the onset of the global pandemic. The whitepaper, a joint effort among three software companies, is entitled The State of the Cannabis Industry: 2020.

More good news for the industry is on the horizon. Researchers are now exploring how cannabis might be able to treat and prevent the Coronavirus. The study highlights how a particular strain of cannabis could potentially block COVID-19 from entering and infecting the human body. While this research is not yet peer reviewed or published, it is still an intriguing foray into another potentially revolutionizing benefit of the cannabis plant.

With all of this good news, cannabis companies are working harder than ever. As very few companies were prepared for the disruptions caused by the pandemic, and most businesses finding themselves ineligible for SBA loans or other forms of federal aid, cannabis companies will be forced to innovate and identify new ways of gaining competitive advantage in order to remain afloat. Over the long-term, however, the new strategies being formulated will forever change the landscape of the cannabis industry.

Companies are seeking innovative ways to maintain competitive advantage by leveraging the many technological and marketing opportunities available throughout the industry. This might explain why organizations such as marketing firm Sugarmade Inc. (OTCQB: SGMD) are seeing increased demand.

Sugarmade helps cannabis businesses strike the perfect chord among botany, brand and business to drive profitability. The company invests in operations and technologies with disruptive potential. For example, Sugarmade has found a unique approach to retail cannabis product distribution with its significant investment in BudCars Cannabis Delivery Service, which reported a 10% increase in total sales in just two weeks at the beginning of August.

“The Coronavirus pandemic is undeniably a game-changer for consumer behavior patterns that will likely have long-term implications as it drives new habits into place,” said Sugarmade CEO Jimmy Chan. “However, at this point, we have only scratched the surface of what is possible over the intermediate term for BudCars given that all of the growth we have booked so far has been exclusively about organic execution as we claim an increasing share of the market and drive enthusiastic repeat business from newly acquired customers.”

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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420 with CNW – The Evolution and Importance of Cannabis Genetics

Today’s cannabis market is experiencing significant growth in and demand for product diversity. At the same time, producers want reliable and stable plant varieties to ensure their products provide consistent quality. Advancements in breeding programs, artificial selection, genetics optimization and data analytics are helping cannabis producers meet both needs.

Innovative new techniques are making it possible to achieve diversity and consistency. Producers are now able to engineer and cultivate a base product that is perfectly aligned with the specific goals and objectives of cannabis organizations throughout the industry.

Breeding programs begin with the development of a product profile. Several desired characteristics are identified and translated into goals for the final product. Next, generations are advanced and pedigrees with genetic variation are created.

In essence, breeding goals define what characteristics products should include and genetic variation defines how the organization will achieve those characteristics. It is then the breeder’s job to prepare and cultivate plant populations with the appropriate genetic makeup to produce the desired varieties.

Although artificial selection has been a common practice in farming for hundreds of years, there has been relatively little attention paid to genetic variety in the cannabis industry. That is rapidly changing. Today, artificial selection and marker-assisted breeding have enabled producers to customize and optimize the size, smell, color, texture and density of their crops.

The expansion of the medical cannabis market has highlighted the importance of artificial selection. Specific medicinal needs require particular strains of cannabis that produce a variety of outcomes. Artificial selection is making this increasingly possible.

The evolving diversity of cannabis strains is essentially creating a new field within the cannabis industry. Licensed cultivators and researchers are working with product designers to optimize and sometimes clone strains to satisfy requirements of unique use-cases.

There is a wealth of data being generated during this plant breeding process. Software solutions are assisting companies and universities by generating better yields, outcomes and plant resilience. Throughout each stage of the breeding process, from crossing to selections and evaluations, these platforms now provide cultivators and researchers the ability to track and trace data and to achieve specific breeding goals in a more efficient manner.

Breeders and variety testers can now leverage these solutions to load current and historical data, analyze data to uncover insightful trends and patterns, establish and design new breeding trials and fields, and transfer data from the field to the system using mobile applications.

One company taking advantage of these advancements is Pac Roots Cannabis Corp. (CSE: PACR), a cannabis producer committed to delivering the highest quality products by leveraging high-end selectively bred genetics.

The British Columbia cannabis company has partnered with experts at Phenome One, the provider of an intuitive software platform that makes sense of breeding data to help customers like Pac Roots manage their business more effectively. The partnership gives Pac Roots access to the Phenome One database, which houses more than 350 unique cannabis strains that have been carefully field-tested and artificially selected during a research period spanning more than 30 years.

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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CannabisNewsBreaks – Supreme Cannabis Company, Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) and KKE Canada Announce Amicable Partnership Termination

Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) and Khalifa Kush Enterprises Canada ULC (“KKE”) have mutually agreed to terminate their exclusive consulting services agreement entered into on December 6, 2018. According to the update, Supreme Cannabis and KKE amicably part ways in order to re-focus their resources on opportunities in their respective businesses. Supreme Cannabis will continue to address the ultra-premium category through its 7ACRES Craft Collective brand extension, which recently introduced Pink Kush to three new provinces, expanding distribution to Alberta, Manitoba and Saskatchewan. KKE will continue to build its leading premium brand in the U.S. while also pursuing international growth and the development and marketing of unique cannabis-related products.

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

About Supreme Cannabis Company, Inc.

The Supreme Cannabis Company is a global diversified portfolio of distinct cannabis companies, products and brands. Since 2014, the company has emerged as one of the world’s fastest-growing, premium plant-driven lifestyle companies. Supreme Cannabis’ portfolio of brands caters to diverse consumer experiences, with brands and products that address recreational, wellness, medicinal and new consumer preferences. The company’s brand portfolio includes 7ACRES, Blissco, Truverra, Sugarleaf and Hiway. Supreme Cannabis’ brands are backed by a focused suite of world-class operating assets that serve key functions in the value chain, including scaled cultivation, value-add processing, centralized manufacturing and product testing and R&D. For more information, visit the company’s website at www.Supreme.ca.

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

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.

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CannabisNewsBreaks – Canopy Rivers Inc. (TSX: RIV) (OTC: CNPOF) Announces Q1 2021 Financial Results

Canopy Rivers (TSX: RIV) (OTC: CNPOF), today released its unaudited condensed interim consolidated financial statements and management’s discussion and analysis (“MD&A”) for the three months ended June 30, 2020 (“Q1 2021”). “This quarter, we made a strategic investment in Dynaleo, a cannabis gummies manufacturer that we believe is well-positioned to help Canada’s licensed producers and brands catch up to consumer demand for the gummy product format,” Narbé Alexandrian, president and CEO of Canopy Rivers, stated in the news release. “We also continued to work closely with our portfolio companies to help resolve some of the unique macroeconomic challenges that emerged inside and outside of the cannabis sector. While PharmHouse faces some immediate challenges, we continue to believe that it has the potential to become a key component of the Canadian supply chain for low-cost, high-quality cannabis, especially as the value segment of dry flower becomes more prominent.”

To view the full press release, visit http://cnw.fm/9P50n

About Canopy Rivers Inc.

Canopy Rivers is a venture capital firm specializing in cannabis with a portfolio of 18 companies across various segments of the cannabis value chain. Canopy Rivers believes that bringing together people, capital and ideas raises the potential of the entire cannabis industry. By leveraging its industry insights, in-house expertise, and thesis-driven approach to investing, Canopy Rivers aims to provide shareholders with exposure to specialized and disruptive cannabis companies. The company’s mission is to invest in innovators across the cannabis value chain, help them grow, and ultimately create value by guiding these companies towards a monetization event. Together with its portfolio, Canopy Rivers is helping build the cannabis industry of tomorrow, today. For more information, visit www.CanopyRivers.com.

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

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.

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CannabisNewsBreaks – The Alkaline Water Company Inc. (CSE: WTER) (NASDAQ: WTER) Announces Record Q1 Revenue of $14.2M

The Alkaline Water Company (CSE: WTER) (NASDAQ: WTER), a producer of premium bottled alkaline and flavored-infused drinking waters and CBD-infused products, on Thursday announced record revenue of $14.2 million for the fiscal first quarter ended June 30, 2020, reflecting an approximate 40% year-over-year and 18% sequential increase. The Alkaline Water Company also reported a 57.3% improvement of earnings per share compared to the prior-year quarter and indicated that July’s purchase orders were the second-highest of any month in the company’s history. “Fiscal 2021 is off to a solid start with strong momentum across all our lifestyle brands. We delivered record fiscal Q1 revenue of $14.2 million and showed operational discipline with expenses down 5% year-over-year. During the last six months, we have performed exceptionally well, and according to Nielsen data, we outperformed the value-add water category by approximately 12% on a dollar sales basis and 16% on a unit basis. Our operational excellence during the pandemic is creating significant goodwill with existing channel partners, who are showing a stronger commitment to our brands, especially our single-serve, aluminum, and flavored water offerings. Alkaline88 remains one of the top-selling brands in the value-added water category,” Richard A. Wright, president and chief executive officer of The Alkaline Water Company, stated in the news release. “According to recent trade data, Alkaline88 was one of the two brands that showed double-digit growth as the category briefly turned negative in early July. With a solid sales pipeline in new and existing trades, our robust lineup of innovative products, and growing momentum in our lifestyle brands, we are excited about the opportunities in fiscal 2021 and beyond.”

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

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 its trademarked label “Clean Beverage.” Quickly being recognized as a growing lifestyle brand, Alkaline88(R) launched A88 Infused(TM) in 2019 to meet consumer demand for flavor-infused products. A88 Infused(TM) 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 purchase A88CBD(TM) products online, visit www.A88CBD.com. To learn more about The Alkaline Water Company, visit 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.

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420 with CNW – How Marijuana Dispensaries Differ from Liquor Stores

Are you considering visiting a local marijuana dispensary for the first time? You may think that they don’t differ much from liquor stores, they are both retail establishments that sell a drug after all. Heck, cannabis advocates looking to legalize recreational marijuana said that once legalized, it would be taxed and regulated “in a manner similar to alcohol.” Adults 21 and over would ideally be able to stroll into a cannabis dispensary, grab whatever they need, and leave shortly, as they would in a liquor store. However, cannabis is a unique industry that’s unlike any other, and it differs from alcohol in several ways.

For starters, marijuana dispensaries are a lot more serious about the age limit. While you have to be 21 years old to buy alcohol from a retail establishment, liquor stores can be a little lax with their security. It’s not uncommon to see a young fella rifling through their pockets at the liquor store counter for a moment before sheepishly declaring that they left their ID at home but that they are definitely old enough. Dispensaries, on the other hand, require IDs even before you can walk in and many establishments have security personnel posted at the entrance to make sure customers are old enough.

Additionally, liquor stores are known for their fairly quick service. You can walk in, grab whatever you need, pay, and leave in a couple of minutes. You know what you want, you probably know exactly where in the store it is and you don’t need anyone’s help or guidance on how to use your beverage of choice. In a marijuana dispensary, on the other hand, you will most likely have to talk to a ‘budtender’ before you can make a purchase. A budtender is an in-store expert on everything cannabis, and a cannabis dispensary will probably have a few of them on the floor answering customer questions and offering product recommendations.

A trip to a cannabis dispensary will without a doubt take longer. Liquor stores usually have high customer turnovers, with customers completing their transactions within a matter of minutes. At a marijuana dispensary, there’ll probably be a long line of customers, high demand, and all. After showing your ID, you will have to wait for a budtender to guide you accordingly, especially if it is your first visit. Many budtenders are known to spend as much as 10-20 minutes with new customers just to make sure everything is going alright.

While the dispensary experience may be different, most of the measures are there to protect both the dispensary and the customers. They ensure the dispensaries follow state regulations and that customers have access to all the information they need to make informed decisions when they buy and consume cannabis. This could explain why cannabis companies like Cannabis Global Inc. (OTC: CBGL) go to great lengths to give clients lots of information about what is available.

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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420 with CNW – Planned Study Could Provide Desperately Needed Cannabis Data

As the coronavirus pandemic rages on amid a severe economic crisis, the cannabis industry remains relatively strong. The controversial plant has grown immensely popular over the past few years, especially after researchers started looking into its purported medical abilities. Users say cannabis can be effective against a variety of ailments ranging from chronic pain and anxiety to fighting cancer and regulating and preventing diabetes, but only a few of these claims are backed by hard data. At the moment, it is nearly impossible for American researchers to study cannabis as it is still classified as a Schedule 1 substance.

Canada, on the other hand, has legalized both medical and recreational cannabis and researchers are free to study the effect of cannabis on human illness. In a bid to collect more hard data on cannabis, the University Health Network (“UHN”) in Canada is embarking on a six-month study to see whether there is any truth behind the claims that cannabis can help patients. Dubbed ‘The Medical Cannabis Real World Evidence Study,’ it is looking to enroll at least 2,000 people who have been prescribed medical marijuana to treat certain conditions including chronic pain, sleep anxiety, and depression.

Researchers will use a portal run by Canadian pharmacy retailer Shoppers Drug Mart which contains detailed and accurate information on the medical cannabis products it sells including oils, extracts, dried flower, topical preparations, and edibles. Participants will be required to select cannabis products from the portal and report on their effectiveness in treating their ailments. The nationwide study is the very first of its kind, and it will be led by UHN’s Dr. Hance Clarke, Director of Pain Services at Toronto General Hospital.

UHN will partner with a number of cannabis sellers to see how specific products affect certain ailments. Radient Technologies, a high-quality cannabinoid-based formulation, and products manufacturer will provide three oral spray formulations for the study participants.

“Radient strongly believes that consistency, safety, and standardization are key elements for all medical products, and are excited to partner with UHN, Shoppers, and TruTrace on this groundbreaking study,” says Radient Technologies CEO Denis Taschuk. “Providing patients and medical professionals with trusted products that deliver repeatable results is a crucial step in having cannabis incorporated into medical treatments and is at the heart of Radient products.”

“Shoppers is creating a standard for medical cannabis, which along with the data from these clinical trials, will increase the confidence of both doctors and patients in using cannabis for medical purposes,” the CEO added.

Industry watchers say sector players like Pac Roots Cannabis Corp. (CSE: PACR) will be eager to learn what data comes out of this first of a kind study.

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 – Cannabis Global (CBGL) Repays, Retires Convertible Notes in Strategic Moves to Impact Balance Sheet

Cannabis Global (OTC: CBGL), a cannabinoid and hemp-extract, science-forward company developing infusion and delivery technologies, has announced the retirement of convertible debt, along with additional moves designed to positively restructure the company’s debt obligations. The convertible notes — three in all — represented a total principle value of $178,500; the company also signed an agreement to finance the payoff of a fourth note. These strategic steps are designed to have a marked positive impact on CBGL’s balance sheet for the fiscal year ending Aug. 31, 2020. “The funds we raised from convertible notes earlier this year were used wisely to jump-start the development of what we believe to be the most robust set of cannabinoid infusion technologies in the marketplace,” said Cannabis Global CEO Arman Tabatabaei in the press release. “As a result, we were able to file six provisional patents, develop several new technologies, which we are classifying as trade secrets, and develop multiple new products based on our IP accomplishments.”

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

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. CBGL 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 about the company, visit 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.

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CannabisNewsBreaks – The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF) Releases Financials, Achievements for Q2

The Green Organic Dutchman (TSX: TGOD) (OTCQX: TGODF), a leading producer of premium certified-organic cannabis, officially filed its Q2 financial results; the filing also included highlights for the quarter ended June 30, 2020. The report notes that total revenues for the quarter reached $4.83 million, an increase of 58% over the first quarter of 2020, with revenue for Canadian cannabis totaling $2.72 million, an increase of 309% compared to Q1 2020. “Since the beginning of the global pandemic, our top priority has been the health and safety of our employees, customers, and patients,” said TGOD CEO Brian Athaide in the press release. “Despite the additional layer of complexity, we continued bringing innovation to market, seeing sequential month-over-month growth during the quarter while cutting costs and reducing our cash burn rate.  While we are not where we had expected to be at this time, we are seeing strong momentum on our innovative products and will continue to right-size our business plans with a focus on getting our monthly run rate to a scale which delivers positive operating cash flow by the end of the year.”

To view the full press release, visit http://cnw.fm/K0Mrz

About The Green Organic Dutchman Holdings Ltd.

The Green Organic Dutchman Holdings is a premium, certified-organic cannabis company focused on the health and wellness market. Its certified–organic cannabis is grown in living soil, as nature intended. The company is committed to cultivating a better tomorrow by producing its products responsibly with less waste and impact on the environment. Its two Canadian facilities have been built to LEED certification standards and its products are sold in recyclable packaging. In Canada, TGOD sells dried flower and oil, and recently launched a series of next–generation cannabis products such as organic teas, dissolvables and vapes. Through its European subsidiary, HemPoland, the company also distributes premium-hemp CBD oil and CBD-infused topicals in Europe. By leveraging science and technology, TGOD harnesses the power of nature from seed to sale. For more information about the company, please visit www.TGOD.ca.

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

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420 with CNW – Thailand Hopes Medical Marijuana Will Boost Its Economy

Thailand’s economy wasn’t doing great even before the coronavirus pandemic struck. Similar to plenty of countries, the pandemic has resulted in a severe economic crisis, especially since Thailand’s economy heavily relies on agriculture, tourism, and exports. The Finance Ministry forecasts a likely contraction of 8.5% this year, the biggest decline projected in Asia. In a bid to create revenue and new employment opportunities, the Cabinet is looking into passing rules that would ease the private cultivation and sale of medical cannabis.

On August 10, 2020, the Cabinet amended the Narcotics Act, pending Parliament’s approval, to allow private medical operators to grow, import, and export medical cannabis. ‘Private medical operators’ include some traditional medical practitioners and farmers. The amendment expanded a cornerstone policy of Deputy Prime Minister and Health Minister Anutin Charnvirakul who said that the controlled legalization of marijuana would boost the economy.

“Thailand is already a tourist destination for many foreigners, and marijuana will be another attraction for the country and for medical tourists,” says Marut Jirasrattasiri, director-general of the Department of Thai Traditional and Alternative Medicine. He says that private medical practitioners with licenses will have the right to “grow, produce and export marijuana” and that Thai farmers will gain “more options for income.” Thai investors will be prioritized.

“We want to use Thai money, for now, especially collaborations between the government and communities to enhance knowledge, research, and production. We don’t want foreigners to come in and invest, then reap all the benefits,” Marut says. According to the Thai Rice Exporters Association, about one-third of all Thais earn their living from rice alone, while the wellness tourism sector generated domestic expenditures of $12 billion in 2017, more than the combined amounts in Indonesia and Malaysia.

At the moment, marijuana cultivating and dispensing is done solely by government agencies or closely regulated organizations. Not only will the amendment grant Thais access to another income-earning stream, it will also provide medical marijuana to those who need it when they need it. “This will allow more patients to have access to medical marijuana for their ailments and to increase awareness of medical marijuana in Thailand,” government spokesman Traisuree Taisaranakul said in a statement.

According to Director General Marut, both Thais and foreigners will have the opportunity to be treated with medical marijuana in the next stages, “but only after the COVID-19 pandemic has passed and restrictions are lifted.”

Experts say the direction being taken by the Thai government could be what cannabis companies like Pure Extracts Corp. wish the U.S. federal government to take so that patients, the economy and society in general can benefit from this industry.

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