Author: CannabisNewsWire (CNW)

About CannabisNewsWire CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge. To receive SMS text alerts from CannabisNewsWire, text “CANNABIS” to 21000 (U.S. Mobile Phones Only) For more information please visit https://www.CannabisNewsWire.com Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: http://CNW.fm/Disclaimer

CannabisNewsBreaks – Champignon Brands Inc. (CSE: SHRM) (OTC: SHRMF) (FWB: 496) Names New Member to Special Advisory Committee

Champignon Brands (CSE: SHRM) (OTC: SHRMF) (FWB: 496), a human optimization sciences company focused on applying novel and natural treatment protocols to address a broad range of disorders and deficiencies with an emphasis on psychedelic medicine, this morning announced the appointment of the former President of Red Bull Canada, Mr. Jim Bailey, to its Special Advisory Committee. Bailey will support in the marketing, distribution and commercialization of Champignon’s Novoformulations-branded novel delivery systems targeting the pharmaceutical, nutraceutical and psychedelic medicine industries. “I am very excited to be part of a company that is leading the way in finding alternative solutions to traditional pharmaceuticals with science-based research and functional products,” Jim Bailey stated in the news release. “My background in heavily regulated industries coupled with my experience in the CPG space provides a great compliment to an already talented and experienced advisory board.”

To view the full press release, visit http://cnw.fm/uZvF4

About Champignon Brands Inc.

Champignon Brands Inc. is a research-driven company specializing in the formulation of a suite of medicinal mushrooms health products, as well as novel ketamine, anaesthetics and adaptogenic delivery platforms for the nutritional, wellness and alternative medicine industries. Via its vertically integrated alternative medicine product range, Champignon is pursuing the development and commercialization of rapid onset treatments capable of improving health outcomes, such as depression and post-traumatic stress disorder (“PTSD”), as well as substance and alcohol use disorders. Under a collaborative research agreement with the University of Miami’s Miller School of Medicine, the Company is conducting pre-clinical studies and eventual human clinical trials, with the objective of demonstrating safety and efficacy of the combination of psilocybin and cannabidiol in treating mTBI with PTSD or stand-alone PTSD. Champignon continues to be inspired by sustainability, as its medicinal mushroom-infused SKUs are organic, non-GMO and vegan certified. For more information, visit the Company’s website at www.Champignonbrands.com.

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

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 – 5 Welcome Trends for Cannabis Amid Coronavirus Pandemic

The past few weeks haven’t been easy for most industries, starting as soon as parts of China started locking down to curb the spread of the Coronavirus. It quickly became apparent that a lot of industries rely on China for cheap raw materials, and as factories slowed down manufacturing in the country, most industries were faced with supply chain disruptions.

At the moment, the virus has infected over 1.9 million people and claimed at least 120,000 lives. Governments have been scrambling to flatten the curve, but most of the Coronavirus measures have wreaked havoc on the economy. However, one industry that’s still going despite the pandemic is cannabis. Marijuana dispensaries saw an almost 160% spike in demand, and most states with legal marijuana have deemed the sector essential.

With most cannabis businesses registering increased sales as millions of people file for unemployment and the economy slides into a recession, some have suggested that the industry may be recession-proof. Here are a few trends that say they might be right;

More people see cannabis as a medicine. Cannabis has always gotten a bad rap, with most anti-marijuana proponents arguing that it is a gateway drug. However, the decision by numerous state governments to declare cannabis essential was a game-changer. Among its very many medicinal applications, cannabis works great against stress and anxiety, making it a perfect companion during stressful times such as these.

Solitary consumption has always been a plus for marijuana. Although group sessions can be fun, they aren’t encouraged due to the Coronavirus pandemic, and marijuana lends itself beautifully to home consumption. Alcohol tends to be a social drug, and there have been a few cases of people meeting up for a pint despite the lockdown.

It doesn’t require a complex supply chain. Sure, companies that make vapes may rely on China for certain parts, but the marijuana itself is homegrown. And seeing as the virus attacks the respiratory system, you shouldn’t be smoking anyway. Most cannabis businesses that don’t rely on vape sales still have most of their supply chains intact, allowing them to keep operating during the lockdown.

Cannabis delivery services have experienced an upsurge of over 85% in demand the past few weeks. States such as Maine and Illinois have approved home delivery of marijuana as a way of reducing contact between employees and customers. With most people stuck at home, any business that can deliver will have an advantage over one that can’t.

Drug use often increases during times of financial difficulty. In fact, there is a long history of alcohol enjoying healthy sales while other industries declined, and cannabis seems to have joined this elite club. And while alcohol barely has any medical benefits, cannabis does, and it is a lot safer than alcohol. Its ability to reduce stress and anxiety makes it an invaluable companion to people looking for a safe drug to help them get through the pandemic.

Experts believe that cannabis industry actors like The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) are seeing how they can pivot their strategies to take advantage of these emerging trends.

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 – COVID-19 Throws Oregon Marijuana 4/20 Plans in Disarray

When the Coronavirus first appeared in Wuhan, China last year, no one could have even imagined the impact it would have. The virus has infected over 1.9 million people and left at least 120,000 dead. With roughly 3 billion people under lockdown and all but the most essential businesses shut down, the global economy has been on a downturn.

The cannabis industry was lucky enough to be deemed essential by most states which have legalized marijuana. On top of that, these states have passed measures to help cannabis businesses transact with their customers as safely and responsibly as possible, such as curbside pickups and home deliveries. However, the sector has had to rethink or altogether postpone pre-planned events due to the Coronavirus pandemic.

4/20 has always been the unofficial holiday for cannabis, and given that this year is 2020, the entire month of April would have been 4/20. It’s safe to say most players in the cannabis industry had plans for the day, and the weeks leading up to it.

“This was supposed to be the biggest 4/20 that we’ve ever seen, or that’s been available for legal business, and with Coronavirus it took all of that and threw it to the wayside. Everybody’s been in a guessing game of how this is going to work,” says Tony Fritts, Regional Manager at Oregon City-based Cannabis Nation.

“How can we do it socially responsibly or in a responsible fashion? It’s honestly taken all our plans and thrown them out the window and now we’re just kind of trying to do something helpful for everybody that’s not adding to the problem.”

According to Fritz, they had originally planned to host parties with DJs, food trucks, raffles, and giveaways. However, he doesn’t quite know what to expect this year, given the current situation.

“I think it’s going to be an underwhelming year. If they can’t purchase online or don’t know how to go about or that’s just not their thing, we’re going to see quite a few people in the shops,” he says.

Cannabis Nation has taken a couple of measures to stay safe during 4/20 and the lead up to it. They have spread out their deals over the entire month to reduce foot traffic and time spent inside their stores. They have placed space markers on the floors to keep customers six feet apart, as well as encouraging online purchases.

On the day itself, Fritz says, customers will find a DMV-type ticketing system, as well as an employee assigned to manage the flow of customers and help keep them six feet apart.

The way Cannabis Nation in Oregon seems to be disappointed by the effects of COVID-19 is seen by experts as closely reflecting what other sector players, such as Round Meadow Holdings Corp. and Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF), may be going through during this month.

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CannabisNewsBreaks – LiveWire Ergogenics Inc. (LVVV) Reports Financial Results for 2019, Substantial Revenue Increase

LiveWire Ergogenics (OTC: LVVV), a company focused on acquiring special purpose real estate properties conducive to producing high-quality handcrafted cannabis products for commercial medicinal and adult-use in California, today announced its financial results for 2019. According to the update, the company generated $1.35 million in revenue for the year, an increase of 3,695% compared to 2018. “The acquisition of Estrella Ranch in Paso Robles California in 2019, has successfully positioned LiveWire with an operation on one of the most beautiful, and historic locations in the country, with a microclimate perfect for growing exceptional handcrafted-style cannabis,” LiveWire Ergogenics CEO Bill Hodson said in the news release. “Our goal is for our operators on the Ranch to produce a product unique to the environment, establish high quality recognized brands, and to have the ability to dynamically scale the business on our vast acreage as required by customer demand.”

To view the full press release, visit http://cnw.fm/lw0La

About LiveWire

LiveWire Ergogenics, Inc. (LVVV) specializes in identifying and monetizing current and future trends in the human and veterinary health and wellness industry. The company is focused on acquiring, managing and licensing specialized “closed loop” turnkey cannabis real estate locations of fully compliant and permitted turnkey facilities to produce cannabis-based products and services in California and the state-wide distribution of these products. This includes verification of zero pesticide products for quality brands via its “7X Pure” Cannabis Verification System, the development, licensing and distribution of legal and high-quality cannabinoid-based products and services and the creation of the high-quality “Estrella Weedery” brand. LiveWire Ergogenics does not produce, sell or distribute products that are in violation of the United States Controlled Substance Act. For more information, visit the company’s website at www.LiveWireErgogenics.com.

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

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 – Cannabis Strategic Ventures, Inc. (NUGS) Announces Upcoming Launch of Cannabis Brand

Cannabis Strategic Ventures (OTCQB: NUGS), an emerging leader in the U.S. and California cannabis marketplaces, today announced the upcoming launch of its cannabis brand. According to the update, the company expects to begin selling branded cannabis products this quarter, with management anticipating a 125%-150% jump in pricing for sales of branded versus white label cannabis. “Moving a substantial percentage of our grow capacity into branded product sales will have a significant positive impact on sales growth and ROI,” Cannabis Strategic Ventures CEO Simon Yu said in the news release.

To view the full press release, visit http://cnw.fm/Ow6EG

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

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420 with CNW – Virginia Governor Signs Marijuana Decriminalization Bill

Marijuana’s journey from prohibition to partial acceptance by some states has been long and difficult. Currently, dozens of states have medical marijuana programs, and even fewer allow adult recreational use within their borders. Still, the number is slowly growing, as evidenced by the numerous drug reform campaigns prior to the Coronavirus pandemic.

Virginia joins the list after the Governor announced on Sunday that he had approved a bill to decriminalize marijuana possession. It was passed by legislators and transmitted to his desk in March, and it would make possessing up to one ounce of cannabis punishable by a $25 fine with no threat of jail time and no criminal record.

Previously, the state punished simple possession with a maximum $500 fine, up to 30 days in jail and a criminal record.

The Governor, who has consistently expressed support for decriminalization, approved the legislation with no public signing ceremony due to the ongoing Coronavirus pandemic. Writing on Twitter, he said that he had ‘signed bold new laws to reform criminal justice in Virginia, including measures to raise the felony larceny threshold, permanently eliminate driver’s license suspensions for unpaid court fines and fees, raise the age of juvenile transfer to adult court, and reform parole.’

“Every Virginian deserves access to a fair and equitable criminal justice system, these bills combat mass incarceration, increase support for returning citizens, and ensure that those who have paid their debt to society have a meaningful second chance,” he concluded.

Non-profit organization NORML has registered its approval for the decriminalization bill. “Virginians have long opposed the criminalization of personal marijuana possession, and Governor Northam’s signature turns that public opinion into public policy,” says NORML Development Director Jenn Michelle, who also serves as the executive director of the state affiliate, Virginia NORML.

According to Senator Adam Ebbin, who spearheaded the efforts to amend the state’s possession laws in conjunction with House Majority Leader Delegate Charniele Herring, this is a major step forward for criminal justice reform in Virginia. “The prohibition on marijuana has clearly failed and impacts nearly 30,000 Virginians per year. It’s well past time that we stop doing damage to people’s employment prospects, education opportunities, and parental rights.”

Additionally, Delegate Herring stated that it is an important step in mitigating racial disparities in the criminal justice system.

“While marijuana arrests across the nation have decreased, arrests in Virginia have increased. This Niko will not eliminate the racial disparities surrounding marijuana, but it will prevent low-level offenders from receiving jail time for simple possession while we move toward legalization in the coming years with a framework that addresses both public safety and equity in an emerging market,” Herring commented.

Experts agree that the entire cannabis industry, including SinglePoint Inc. (OTCQB: SING), are happy that some good news for marijuana reform advocates is still seeping through despite the disruptions caused by the COVID-19 outbreak.

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420 with CNW – Washington State Halts Marijuana Research in Order to Respond to Coronavirus Outbreak

The past month or two hasn’t been easy for a lot of countries. The Coronavirus pandemic has infected over 1.9 million people worldwide and claimed at least 118,000 lives, and experts say the virus may infect up to 70% of the world’s population. Even before the virus had left South Asia, most of the world was experiencing supply chain disruptions and the economic fallout has only gotten worse as the virus spreads.

Now, with healthcare systems almost collapsing and all but the most essential businesses closed down, the economy is taking quite a hit. The U.S. has become the epicenter of the outbreak, and the federal and state governments have had to provide funds to support healthcare facilities as well as aid to in-need citizens. While such measures are necessary to get through the pandemic, they have thrown most budgets into disarray.

In Washington, for instance, the governor has had to cut funding for a variety of programs so funds can be diverted to the Coronavirus response. This included a cannabis research provision that would have provided $100,000 funding for the University of Washington and Washington State University to “collaborate on cannabis policy, research. And outreach to create frameworks for future studies.”

The budget stated that the research was to explore “impairment due to marijuana use and the correlation between age of use, the dosage of use, and appearance of occurrence of cannabis-induced psychosis,” with a report to the legislature on the development of these frameworks due by December 1.

“These are difficult and challenging times, and we must make difficult and challenging choices. Under normal circumstances, I would not veto bills and budget items that are good policy and smart investments for the state. As everyone knows, these are not normal times,” Washington Governor Jay Inslee said.

“As we address the health crisis, we must also look ahead to ease as much fiscal pain as we can. It is all but certain that we will need to make adjustments to our next budget cycle and we must get started now.”

The governor used his inline veto to trim $235 million from the 2020 supplemental operating budget that the Legislature had approved last month, and the vetoes will trim another $210 million in the state’s next two-year budget. A total of 147 items were vetoed, reducing a total of $445 million in spending over the next three years.

This halt to funding research is likely to disappoint cannabis sector actors like Champignon Brands Inc. (CSE: SHRM) (OTC: SHRMF) (FWB: 496) who would like the academic to play a bigger role in shaping cannabis policy in different jurisdictions.

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Cannabis Conference 2020 Reschedules Las Vegas Event to September 1-3

Cannabis Conference 2020, the cannabis industry’s leading cannabis cultivation and retail education event and trade show exposition, has announced the new dates and location of its annual spring conference in Las Vegas to September 1-3, 2020. This decision to reschedule Cannabis Conference was made to protect the health and safety of all event participants amidst the developments of the Coronavirus disease (COVID-19) global pandemic

The rescheduled conference and expo will take place at a *new* location, Rio All-Suites Hotel & Casino.

“The health and safety of not only our attendees, exhibitors, and employees of Cannabis Conference and our hotel partners, but our overall communities, is and will always be our top priority. While we continue to take extreme precautions toward preventing the spread of Coronavirus disease (COVID-19) as a nation, we have also made the decision to push our event to September, said Cannabis Conference Group Publisher Jim Gilbride. “During this turbulent and uncertain period, we are appreciative for the patience and understanding of our partners as we’ve worked together to coordinate Cannabis Conference 2020. As this global pandemic has undoubtedly reached every one of us—including the cannabis businesses being deemed essential in these unprecedented times—the importance of industry education, networking and support is ever more important. There will be lots to share and learn from one another come September.”

All paid registrations and exhibitor contracts will be honored for the September 1-3 dates. In addition, each attendee registration will be automatically upgraded to the next tier:

Conference + Expo passes will be upgraded to All-Access passes; and
Expo Only passes will be upgraded to Conference + Expo passes.

More information regarding Cannabis Conference 2020, including educational programming, exhibitors/sponsors, and registration tiers can be found at www.cannabisconference.com.

About Cannabis Conference

Now in its fourth year, Cannabis Conference 2020 will bring together dozens of the industry’s leading voices to address the biggest opportunities and challenges facing the legal cannabis market.

Cannabis Conference 2020 will expand on the successes of previous events’ cultivation and dispensary education and will include for the first time a track dedicated to the cultivation and sale of hemp and hemp-derived products. The conference features in-depth educational programming on cannabis cultivation and business operations, as well as the most informed industry perspectives on retail management and customer engagement.

The Cannabis Conference exhibition hall will feature cutting-edge technologies, solutions and services for professionals in cannabis cultivation and dispensary businesses.

For inquiries regarding registration refunds or exhibitor contracts, our Conference team can be reached at conferences@gie.net.

PRESS CONTACT

Cassie Neiden
GIE Media, Inc.
cneiden@gie.net
216-393-0356

CannabisNewsBreaks – SinglePoint, Inc. (SING) Adapts Critical Components of Strategic Business Model Amidst COVID-19

SinglePoint (OTCQB: SING) together with its solar subsidiary, Direct Solar of America, was featured in a sector snapshot by Investorideas.com, a global news source and leading investor resource covering cleantech and renewable energy stocks. The snapshot looks at how some companies in the solar and cleantech sector are adapting and thriving during the COVID-19 pandemic, with corporate sales to industry events going virtual. “The Direct Solar America management team did a great job re-positioning the company quickly in these uncertain times. Across various industries, companies are being forced to transform and adapt critical components of their business model to accommodate social and physical distancing due to COVID-19, scrambling to implement solutions that allow them to continue to operate,” SinglePoint CEO Greg Lambrecht said in the news release. “We are fortunate that we had identified this as a strategic need at the acquisition and the foresight to begin working on implementing this type of solution. We are encouraged that we have been able to retain most of our top sales professionals and can now give them the tools to succeed in virtual sales. Ultimately we believe this is a significant improvement in the process and will continue to drive the company to new levels in the future.”

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

About SinglePoint, Inc.

Founded in 2011 SinglePoint, Inc (OTCQB: SING) invests in and acquires brands and companies that will benefit from injection of growth capital and the sales and marketing expertise of SinglePoint. The company portfolio currently includes solar, hemp and technology applications. SinglePoint is working to grow the company to a multinational 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 – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Enters Letter of Intent with Quebec’s SQDC

The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF), a leading producer of premium, certified-organic cannabis, today announced that it has signed a letter of intent with the Société québécoise du cannabis (“SQDC”) ahead of the upcoming launch of its lineup of teas made with only certified organic ingredients. “Entering the Quebec market is an important milestone for TGOD as we continue ramping up sales and production volumes,” Brian Athaide, CEO of TGOD, stated in the news release. “Our teas leverage the same fast-acting technology used for TGOD Infusers, and a proprietary know-how, which eliminates the need to use sugar when infusing cannabinoids in whole leaf teas. Our Science team successfully developed a lineup of great-tasting tea blends that are organically grown and sustainably sourced.”

To view the full press release, visit http://cnw.fm/Uu5nM

About The Green Organic Dutchman Holdings Ltd.

The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (US‐OTC: TGODF) 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 are being built to LEED certification standards and its products are sold in recyclable packaging. In Canada, TGOD plans to expand its product portfolio by launching a series of next‐generation cannabis products such as organic teas, infusers 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.

TGOD’s Common Shares and warrants issued under the indentures dated November 1, 2017 and December 19, 2019 trade on the TSX under the symbol “TGOD”, “TGOD.WT” and “TGOD.WS”, respectively. For more information on The Green Organic Dutchman Holdings Ltd., 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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