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 – Oklahoma Could Soon Pioneer Marijuana Breathalyzer Use

In the coming months, Oklahoma may be pioneering a pilot program that will greatly influence how driving laws are enforced in regard to cannabis use. The state is currently working on the implementation of a program to conduct marijuana breathalyzer tests which will allow the police to accurately determine who’s driving while high. Last week, Oklahoma’s legislature passed legislation requiring the Department of Public Safety to dedicate $300,000 to pay for the marijuana breathalyzer test kits. The agency will be tasked with coming up with new rules and regulations for the pilot program.

One issue that has stood in the way of legalization is the fact that there is no accurate test to see how much fresh cannabis is in someone’s system, denying law enforcement the ability to weed out who’s driving while high from those who smoked days ago. At the moment, law enforcement can only test for cannabis by testing urine, blood or hair, but unfortunately, cannabis smoked days before will still be present in your system, making it difficult to determine whether or not you are driving stoned.

According to Rep Scott Fetgatter, Oklahoma has a lot of problems when it comes to medical marijuana, DUI laws and determining impairment. There are hardly any roadside tools designed to determine cannabis impairment and if the state’s pilot program is successful, it will be the first state in the country to use cannabis breathalyzer technology. “Right now, we don’t really have a lot of roadside testing options for drug screening. Most of those things are going to fall into a blood test or drug recognition expert doing an evaluation and giving an opinion,” says Joshua Smith, director of the Board of Tests for Alcohol and Drug Influence.

The breathalyzer will test a person’s breath for THC, the cannabinoid responsible creating marijuana’s high, and it will be able to determine whether the cannabis in your system was introduced just a few hours prior. According to Fetgatter, participation should be voluntary and the test results should not be used in a punitive manner.

“It’s kind of a trial program to make sure the system works,” says Rep. Ross Ford, adding that ideally, the state would be able to collect data from the program and then report the findings back to the Legislature. Sarah Stewart, a spokeswoman for the Department of Public Safety, says it could take up to a year to get the pilot program off the ground as the agency does research and comes up with rules and regulations.

Analysts believe the entire cannabis industry, including Sugarmade Inc. (OTCQB: SGMD), will be following events in Oklahoma to see how the trial goes.

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 – Argentina Legalized and Gives Away Free Medical Marijuana

Cannabis has been prohibited for decades, but in the past few years, attitudes have started shifting. The U.S. has been one of the pioneer countries, with numerous states allowing either recreational use, medical use or both, and generating billions of dollars in sales. Canada hasn’t done so bad either, with the world’s largest cannabis company, Canopy Growth situated in Smith Falls, Ontario. However, one country that seems to have made quite progressive marijuana reforms while staying relatively under the radar is Argentina.

In 2009, the Supreme Court made a landmark ruling, the Arriola decision, declaring that personal use of small amounts of marijuana was legal. It was based on a case involving five people who were arrested for possessing small amounts of cannabis, and the court determined that as long as it is meant for personal use only, cannot affect or hurt anyone else and does not pose any harm or danger, small amounts of cannabis are not illegal. As the court stated, “each adult is free to make lifestyle decisions without the intervention of the state,” and in the meantime, the time and resources that would have been spent on marijuana possession cases goes to more worthwhile causes.

Trafficking of cannabis is still illegal in the country, however, and can attract a prison sentence of 4-15 years. Commercial growing is also illegal for residents.

Medical marijuana, on the other hand, was legalized by a March 2017 bill. The legislation requires patients who want access to medical marijuana to register with the national program, with approved patients, including children, being guaranteed free access. Personal cultivation is still illegal for medical cannabis and it carries a sentence of up to two years.

A section of the medical marijuana legislation mandated the creation of the National Program for the Study and Research of the Medicinal Use of the Cannabis Plant and its By-Products and Non-Conventional treatments. Basically Argentina’s medical marijuana program is intended to provide access to medical cannabis, and the law states that those who require medicine from cannabis can receive it for free. As long as you qualify as a patient, you will have access to free medical cannabis oil. The program is also set up as a research initiative and the free cannabis oil is given as part of the research program.

At the moment, only the most debilitating illnesses qualify one for medical marijuana, but more illnesses may be included as the program expands. Still, the government has made efforts to ensure patients can get medicine whether they have money or not, and other territories should also aim to establish a medical cannabis program aimed at helping their citizens.

It would be interesting to hear what cannabis companies like SinglePoint Inc. (OTCQB: SING) have to say about the approach taken by Argentina in granting patients access to medical marijuana.

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CannabisNewsBreaks – Cannabis Strategic Ventures, Inc. (NUGS) Announces Sales from Latest Harvest at Strong 11% Premium to Current Industry Benchmarks

Cannabis Strategic Ventures (OTCQB: NUGS), an emerging leader in the U.S. cannabis marketplace, today announced that recent sales from its latest harvest have earned unit pricing at a strong 11% premium to current industry standard benchmarks for cannabis sales on a per pound basis. According to CannabisBenchmarks.com, U.S. cannabis sales currently average roughly $1,525 per pound. From six months ago to now, Cannabis Strategic Ventures has transitioned from selling at a discount to now selling at a premium relative to benchmark levels, with pricing of recent sales at approximately $1,700 per pound. “We have seen a steady improvement in per pound pricing driven by improving quality mostly as a consequence of better operational execution at NUGS Farm,” Simon Yu, CEO of Cannabis Strategic Ventures, stated in the news release. “It also represents another signal that we are heading in the right direction in terms of our core objectives: expanding production capacity, expanding sales volume, and expanding profitability on a per unit basis.”

To view the full press release, visit http://cnw.fm/vKF6S

About Cannabis Strategic Ventures

Cannabis Strategic Ventures, Inc. (OTC: NUGS) is one of the largest publicly traded marijuana cultivators in the United States. The company is Los Angeles-based that incubates, develops and partners with category leaders within the cannabis and ancillary sectors. The firm’s NUGS brand experience provides operational and financial strategic partnerships and a range of essential services to emerging and existing cannabis consumer brands. For more information, visit www.CannabisStrategic.com.

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

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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HempNewsBreaks – Pressure BioSciences, Inc.’s (PBIO) Pending Partner Cannaworx to Launch FDA Registered, Hemp-Containing Supplements with Immune Booster Claim

Pressure BioSciences (OTCQB: PBIO), a leader in the development and sale of broadly enabling, pressure-based instruments, consumables, and platform technology solutions to the worldwide biotechnology, biotherapeutics, cosmeceuticals, nutraceuticals, and food & beverage industries, today announced that its pending merger partner Cannaworx, Inc. will be launching its patented and proprietary immune booster supplement by mid-July 2020. According to the update, the company believes that post-launch, this product could be one of the very few, and perhaps the only, OTC (over the counter), FDA registered, hemp-containing supplements with an immune booster claim. “To further enhance the immune boosting effect, we added hemp seed oil (no THC) to our patented formulation. Hemp seed oil is rich in essential fatty acids (e.g., omega-6 and omega-3) and antioxidants that may help fight inflammation, cancer, diabetes, and heart disease,” Dr. Bobby Ghalili, co-founder and president of Cannaworx, stated in the news release. “Omega-3 is also thought to have a positive impact on the bowel microbiome as a prebiotic, providing further support to the immune system. The manufacturing process of the patented 44 amino acid fragment formulation is highly proprietary, protected, and would be nearly impossible to imitate.”

To view the full press release, visit http://cnw.fm/Jbv9j

About Pressure BioSciences Inc.

Pressure BioSciences is a leader in the development and sale of innovative, broadly enabling, pressure-based solutions for the worldwide life-sciences industry. The company’s products are based on the unique properties of both constant (i.e., static) and alternating (i.e., pressure-cycling technology, or “PCT”) hydrostatic pressure. PCT is a patented, enabling technology platform that uses alternating cycles of hydrostatic pressure between ambient and ultra-high levels to safely and reproducibly control bio-molecular interactions (e.g., cell lysis, biomolecule extraction). PBIO’s primary focus is in the development of PCT-based products for biomarker and target discovery, drug design and development, biotherapeutics characterization and quality control, soil and plant biology, forensics and counter-bioterror applications. Additionally, major new market opportunities have emerged in the use of its pressure-based technologies in the following areas: (1) the use of its recently acquired, patented technology from BaroFold Inc. (the “BaroFold” technology) to allow entry into the biopharma contract services sector, and (2) the use of its recently patented, scalable, high-efficiency, pressure-based Ultra Shear Technology (“UST”) platform to (i) create stable nanoemulsions of otherwise immiscible fluids (e.g., oils and water) and (ii) prepare higher-quality, homogenized, extended shelf-life or room-temperature, stable, low-acid liquid foods that cannot be effectively preserved using existing nonthermal technologies. For more information, visit the company’s website at www.PressureBiosciences.com.

About HempWire

HempWire (HW) is a dedicated information provider focused on (1) aggregating hemp-related news, (2) issuing HempNewsBreaks designed to update investors on the latest developments in the hemp market, (3) enhancing corporate news releases, (4) providing full-service distribution and social media offerings to public and private client-partners and (5) designing and implementing all-inclusive corporate communication solutions. HW is strategically positioned within the rapidly expanding hemp sector with a team of journalists working to help a growing roster of public and private companies reach a wide audience of investors, consumers and members of the media. We leverage a vast network of more than 5,000 key syndication outlets to deliver unparalleled visibility, recognition and content to the hemp industry. HempWire (HW) is where HEMP news, content and information converge.

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HempNewsBreaks – SinglePoint, Inc. (SING) Featured in Investorideas.com Snapshot Regarding US Hemp Industry Boom Amidst COVID-19

SinglePoint (OTCQB: SING) was featured in an Investorideas.com special snapshot reporting on the continued growth in sales and product offerings in the U.S. hemp industry and how this traction is beginning to attract outside investment (http://cnw.fm/Nqb0U). The article reads, “Earlier this month, SinglePoint Inc. (OTCQB: SING) started their Q2 with strong numbers achieving over $1,000,000 in sales throughout Q1 a 309% increase and a focus on continued growth. After evaluating reports for Q2, SinglePoint’s Hemp vertical has been on track to double sales in its second quarter alongside the launch of 1606 Hemp six-pack counter top display. 1606 Hemp has seen a sales growth rate of 133% this quarter over the previous, a 233% growth in sales up to this point of the month compared to the previous month at the same point. The company has placed a focus on self-generated in-store placement by hiring professional sales representatives to acquire new stores for the sales of its products over the next four weeks. 1606’s goal is to grow by more than 250 retail accounts throughout multiple states, which the company surpassed in the first couple weeks by placing product in over 400 stores throughout 20 states.”

To view the full press release, visit http://cnw.fm/wv4Lp

About SinglePoint, Inc.

Founded in 2011, SinglePoint, Inc. invests in and acquires brands and companies that will benefit from injection of growth capital and its sales and marketing expertise. The company’s portfolio currently includes solar, hemp and technology applications. SinglePoint is working to grow the company to a multi-national brand. For more information, visit the company’s website at www.SinglePoint.com.

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

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CannabisNewsBreaks – Canopy Rivers Inc. (TSX: RIV) (OTC: CNPOF) Implements Changes as Part of Strategic and Operational Review of Business

Canopy Rivers (TSX: RIV) (OTC: CNPOF), a venture capital firm specializing in cannabis, today announced a series of operational changes designed to optimize its organizational structure, streamline operations, and preserve and maximize cash-on-hand. According to the update, the company, as part of its strategic and operational review of the business, is implementing changes including a material reduction in the company’s operating cash outflows; a focus on generating positive cash flow; and a focus on maximizing returns on existing assets. In addition, the company today reaffirmed its intention, under its previously announced normal course issuer bid (the “NCIB”), to repurchase subordinated voting shares in accordance with its NCIB. “We believe that sharpening our focus on financial discipline, operational excellence, and opportunistic capital deployment on our investment pipeline will yield long-term results for shareholders,” Canopy Rivers’ CEO and President Narbe Alexandrian stated in the news release. “In addition, the strategic utilization of our NCIB could be an important tool to provide attractive returns to shareholders.”

To view the full press release, visit http://cnw.fm/80Etz

About Canopy Rivers

Canopy Rivers is a venture capital firm specializing in cannabis. Its unique investment and operating platform is structured to pursue investment opportunities in the emerging global cannabis sector. Canopy Rivers identifies strategic counterparties seeking financial and/or operating support. Canopy Rivers has developed an investment ecosystem of complementary cannabis operating companies that represent various segments of the value chain across the emerging cannabis sector. As the portfolio continues to develop, constituents will be provided with opportunities to work with Canopy Growth Corporation (TSX: WEED) (NYSE: CGC) and collaborate among themselves, which Canopy Rivers believes will maximize value for its shareholders and foster an environment of innovation, synergy and value creation for the entire portfolio. 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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HempNewsBreaks – Marijuana Company of America, Inc. (MCOA) Announces HempSMART(TM)’s New Shopping Feature to Show Appreciation, Support to Healthcare Providers

Marijuana Company of America (OTCQB: MCOA), an innovative hemp and cannabis corporation, today announced that its subsidiary, hempSMART(TM), offers consumers, premium hemp products at substantial savings. According to the update, the company feels that the best defense in combating illness, as the country cautiously moves forward with reopening the economy, is to maintain and strengthen collective immune systems. To further its goal, hempSMART(TM) is implementing a “shop to support” feature. Under this new feature, a portion of the proceeds for products sold on the website www.hempSMART.com using the code “shoptosupport” will be donated to “the little market,” which will bake and deliver donations to healthcare providers, including hospital workers, first responders, doctors, and nurses, to hospitals in Los Angeles County at Saint John’s Health Center and UCLA Medical Center Santa Monica. “We are proud to be able to show our appreciation and support to first responders,” MCOA CEO Jesus M Quintero said in the news release. “It is one of the company’s core values to give back to the community.”

To view the full press release, visit http://cnw.fm/sUt0e

About Marijuana Company of America Inc.

MCOA is a corporation that participates in: (1) product research and development of legal hemp-based consumer products under the brand name hempSMART(TM), which targets general health and well-being; (2) an affiliate marketing and retail sales program to promote and sell its legal hemp-based consumer products containing CBD; (3) joint ventures and acquisitions of business entities engaged in the growth and sale of hemp and cannabis products in jurisdictions where cultivation is legal; and (4) the expansion of its business into ancillary areas as market opportunities in this segment mature and develop. For more information, visit www.MarijuanaCompanyofAmerica.com.

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

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420 with CNW – Long Lines as Recreational Pot Shops Reopen in Massachusetts

When governments issued lockdown and social distancing orders to curb the spread of the coronavirus, most states with legal marijuana programs deemed cannabis an essential service, allowing both recreational pot shops and medical marijuana dispensaries to continue operating. In Massachusetts, however, only medical marijuana shops were deemed essential, forcing residents who wanted to indulge in recreational pot during the lockdown to turn elsewhere. With the state slowly reopening, recreational marijuana retailers have been allowed to reopen since they were forced to shut down in March due to the coronavirus pandemic.

With customers now able to order in advance and pick up their purchases outside, some recreational pot shops in Massachusetts have seen some pretty long lines. During the lockdown, medical marijuana establishments were granted extra permissions like online ordering and curbside pickups to keep the staff and customers safe, and they have finally been extended to recreational marijuana shops. In response, customers have showed up in droves, with shops like Solar Therapeutics and Pure Bliss, the first pot shop to open in Boston, seeing dozens of customers lined up on their sidewalks.

“It’s a sort of tricky situation, because we understand the importance of preserving lives, but we also want to be able to provide our customers with the products that they need,” says Pure Oasis co-owner Kevin Hart. The state government had been under a ton of pressure from advocates and stakeholders to allow recreational pot shops to continue operating during the lockdown, with Governor Baker arguing that doing so would attract out of state customers and help facilitate the spread of the virus. However, tons of people who didn’t have prescriptions for medical pot still needed access to marijuana, and according to Chelsea resident Ben Crocker, “a lot of people were going back to the streets to get their self-medication.”

The state’s reopening plan now allows pot shops to open, albeit with some restrictions to reduce the risk of infection for staff and customers. “Our products are in high demand. People need this,” says Hart, with customers waiting as long as two hours to be served by his staff. According to NETA President Amanda Rositano, the restrictions mean her Brookline store will only be able to serve around 500 customers a day, only 20% of the 2,500 customers it serves.

“It’s been tough to stay on our feet but we have gotten by and this is a good chance to be able to reintroduce adult use, albeit in a reduced way.”

Analysts say this reopening of recreational pot shops in Massachusetts is likely to be seen as a long overdue move by industry actors like Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) who saw the problems caused by the closure as avoidable ones.

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420 with CNW – Jamaica Allows Online Medical Cannabis Purchases as COVID-19 Fight Intensifies

The coronavirus pandemic has shown just how essential the cannabis industry is, with numerous territories allowing medical and recreational pot shops to continue operating during the lockdown and granting them certain permissions to keep transactions between staff and employees smooth and safe. The Jamaican government, for instance, recently announced that it will be allowing medical marijuana patients to make cannabis purchases online for pickup at ‘herb houses’ to maintain social distancing and help combat the spread of the coronavirus.

The interim rule change was made by the country’s Cannabis Licensing Authority [CLA] in coordination with the Ministry of Industry, Commerce, Agriculture and Fisheries and announced last week. They are designed to keep pot shops, or ‘herb houses’ open for businesses while minimizing the public’s exposure to the coronavirus. Under the new rules, patients who have already registered with a cannabis dispensary will be able to order products from the dispensary online and pick them up.

According to regulators, the move is “meant to minimize the length of time spent in such licensed facilities thereby limiting the exposure of staff and patients alike.” Faith Graham, the Cannabis Licensing Authority director of enforcement and monitoring said in a press conference that the agency is “cognizant of the far-reaching effects of the pandemic and remains vigilant and proactive in taking steps to secure the industry.”

Marijuana dispensaries that want to opt in to online ordering will have to submit documents including government issued photo identification and proof of registration in the medical cannabis program to the CLA. They are also required to “submit reports and inventory to the CLA in accordance with the required standards and within stipulated time lines.” In light of the coronavirus pandemic, the CLA has also crafted new but temporary rules regarding cannabis imports and exports.

The change in policy is a reflection of the global legal cannabis landscape. Most territories that deemed cannabis an essential service also allowed online ordering, curbside pickups and in some cases, home deliveries to reduce congestion in the shops and keep both staff, customers and medical marijuana patients safe. A large percentage of medical marijuana patients are advanced in age and have compromised immunities, putting them in greater danger of succumbing to COVID-19.

The new rules will allow these patients to stay safe as they purchase the medicine they need and it will keep herb houses afloat at a time of great financial upheaval.

Experts say such a proactive approach in dealing with the challenges faced by the cannabis industry at this time gives sector players like Round Meadow Holdings Corp. and Champignon Brands Inc. (CSE: SHRM) (OTCQB: SHRMF) (FWB: 496) hope that even the other obstacles in the way of the industry will also be eventually addressed.

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CBDNewsBreaks – Pressure BioSciences Inc. (PBIO) Targets Massive International Markets

Pressure BioScience (OTCQB: PBIO) is a leader in the development and sale of broadly enabling, pressure-based instruments, consumables, and platform technology solutions to the worldwide biotechnology, biotherapeutics, cosmeceuticals, nutraceuticals, and food & beverage industries. On April 29, PBIO announced its entrance into a binding letter of intent to acquire Cannaworx Inc. (http://cnw.fm/6D1rT). An article discussing the company reads, “The merged entity, equipped with an extensive intellectual property portfolio utilizing a proprietary pressure platform, nanotechnology and advanced delivery systems, plans to disrupt a number of major world markets. These include the international cosmetics market, projected to reach $758 billion by 2025 (http://cnw.fm/C6zx6); the global agricultural technology and products market, projected at $729 billion by 2023 (http://cnw.fm/mZlF2); the global biopharmaceuticals market, expected to reach $389 billion by 2024 (http://cnw.fm/5VCrZ); as well as the U.S. hemp-derived CBD market, anticipated to reach $23.7 billion by 2023 (http://cnw.fm/7uQWM). . . . Cannaworx’s diverse portfolio of products and intellectual property was developed by its founders Bobby Ghalili, DMD, and Adrienne Denese, MD, PhD. Ghalili and Denese bring extensive medical expertise and product innovation into the newly combined public company. They have an impressive multiyear track record of developing and selling personal-care and nutrition products.”

To view the full article, visit http://cnw.fm/m9tyD

About Pressure BioSciences Inc.

About CBDWire

CBDWire (CBDW) is a specialized information provider focused on (1) reporting CBD-related news and updates, (2) releasing CBDNewsBreaks crafted to keep investors abreast of the latest and greatest in the CBD market, (3) refining and enhancing corporate press releases, (4) delivering end-to-end distribution and social media services to client-partners and (5) constructing effective corporate communication solutions based on the unique requirements of CBD companies. CBDW is exclusively positioned in the burgeoning CBD sector with a proven team of journalists and researchers working to deliver high quality content to an expansive target audience of investors, consumers and industry news outlets. Our dissemination network of over 5,000 downstream distribution points allows us to deliver unparalleled reach, visibility and recognition to companies operating in both cannabidiol and the wider cannabis space. CBDWire (CBDW) is where CBD news, content and information converge.

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