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 – Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) Enters Wellness and Relief Market via New CBDRelief Brand Launch

Plus Products (CSE: PLUS) (OTCQX: PLPRF), a California-based cannabis-products company, recently extended its portfolio into the wellness and relief market through the launch of its new CBDRelief brand. An article discussing the company reads, “‘We have seen compelling success with our core brand and are excited to take the next step towards becoming a true portfolio of brands with the launch of PLUS CBDRelief,’ PLUS co-founder and CEO Jake Heimark stated in a news release. ‘Last year we partnered with market structure research firm, HJR Associates, and found that when consumers used cannabis, over one-third of the time it was to address pain, stress or anxiety.’ . . . Thus far, the wellness and relief market has been underserved, and PLUS sees an opportunity to provide an innovative product line for consumers who are looking for relief. The new line consists of two products: PLUS CBDRelief 9:1 Tropical Mango and PLUS CBDRelief 18:1 Tart Cherry. This new product line delivers the highest CBD content per package for gummies in the California marketplace while still maintaining the brand’s identity of precision dosing and high-quality products.”

To view the full article, visit http://cnw.fm/zKA3G

About Plus Products Inc.

PLUS is a hemp and cannabis food company focused on using nature to bring balance to consumers’ lives. PLUS’s mission is to make cannabis safe and approachable, beginning with high-quality products that deliver consistent consumer experiences. PLUS is headquartered in San Mateo, California. For more information, visit the company’s website at www.PlusProducts.com.

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

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

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

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CannabisNewsBreaks – Delta 9 Cannabis Inc. (TSX: DN) (OTCQX: VRNDF) Implements Numerous Health and Safety Precautions, Maintains Continuous Operations Amid COVID-19 Outbreak

Delta 9 Cannabis (TSX: DN) (OTCQX: VRNDF) on Monday announced its implementation of numerous health and safety precautions to protect customers and staff while maintaining operations amid the COVID-19 outbreak. According to the update, the company has been able to maintain continuous operations of its retail stores, wholesale and business to business (“B2B”) units and has no current plans to shut down its businesses. Delta 9 management continues to focus on maintaining continuity of business while implementing certain policies and procedures, created based on the advice of federal and provincial health officials, to protect the health and safety of its customers and employees. “Throughout this unprecedented situation with the COVID-19 public health crisis, the Delta 9 team has continued to respond with the best interests of our customers, employees and the community in mind,” Delta 9 CEO John Arbuthnot said in the news release. “I am very proud of our team for their tireless work to quickly implement new policies and procedures to protect health and safety and to continue to provide a high level of service to our customers and to the communities in which we operate.”

To view the full press release, visit http://cnw.fm/0UkOk

About Delta 9 Cannabis Inc.

Delta 9 Cannabis Inc. is a vertically integrated cannabis company focused on bringing the highest quality cannabis products to market. The company sells cannabis products through its wholesale and retail sales channels and sells its cannabis grow pods to other businesses. Delta 9’s wholly-owned subsidiary, Delta 9 Bio-Tech Inc., is a licensed producer of medical and recreational cannabis and operates an 80,000 square foot production facility in Winnipeg, Manitoba, Canada. Delta 9 owns and operates a chain of retail stores under the Delta 9 Cannabis Store brand. Delta 9’s shares trade on the Toronto Stock Exchange under the symbol “DN” and on the OTCQX under the symbol “VRNDF”. For more information, visit the company’s website at www.Delta9.ca.

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 – Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Completes First Cannabis Shipment to Israel; Provides Corporate Update Regarding COVID-19

Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) this morning announced the successful completion of its first international cannabis shipment from Canada into Israel. Supreme Cannabis partnered with Israel’s largest producer of medical cannabis and cannabis products, Breath of Life International Ltd. (“BOL Pharma”), to offer Truverra-branded premium medical cannabis to patients in Israel. Additionally, the company provided a corporate update regarding COVID-19, in which it detailed its efforts to mitigate risk and manage disruption to its operations. Per the update, minor external business disruptions including supplier and third-party testing delays have extended the launch dates for 7ACRES’ whole flower pre-rolls and PAX pods for the PAX Era vaporizer. They are now anticipated to launch during fiscal Q4 2020. “This transaction represents a new international revenue opportunity for Supreme Cannabis and builds Truverra’s global medical brand in one of the most sophisticated medical cannabis markets in the world,” Supreme Cannabis Interim president and CEO Colin Moore stated in the news release. “With the support of BOL Pharma, we navigated both Canada and Israel’s complex regulatory landscapes to achieve compliance with regulatory authorities in both countries, including Health Canada, the Canadian Food Inspection Agency and Israel’s Ministry of Health and Ministry of Agriculture and Rural Development. We benefitted from BOL Pharma’s skilled team, international experience and solidified position as a leading medical cannabis company in Israel. As we pursue capital-light international opportunities, we will continue to look to Jeff Adams, Truverra’s CEO, and his exceptional team to build Truverra’s medical brand globally.”

To view the full press release, visit http://cnw.fm/i4UwQ

About Supreme Cannabis Company Inc.

Supreme Cannabis 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 by 7AC and Khalifa Kush Enterprises Canada. 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.

To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)

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420 with CNW – Marijuana Companies Donate PPE and Sanitizers to Healthcare Workers in COVID-19 Fight

Hand sanitizer has become one of the most precious commodities on the market right now. Three months after appearing in Wuhan, China, the Coronavirus pandemic has infected over 700,000 individuals and claimed at least 30,000 lives. Medical experts say regularly washing your hands with soap and water or sanitizer is the best way to avoid contracting the virus, alongside social distancing and self-isolation.

However, panic buying coupled with an extremely high demand for hand sanitizers and personal protection equipment (PPE) has led to a shortage. And as the number of COVID-19 patients increases, we can expect more shortages, especially as most hospitals are already trying to stretch their resources.  To help alleviate this, firms that don’t traditionally manufacture sanitizer have pledged to use their facilities to produce free hand sanitizer, and the cannabis industry hasn’t been left behind.

Cannabis was recently categorized as an essential service, and numerous state governments have taken steps to ensure cannabis businesses remain operational during the lockdown. These include online purchasing, home deliveries, and curbside pickups. A few marijuana companies have decided to donate resources to help in the fight against the Coronavirus.

Glass House Group uses PPE gowns in its cultivation facilities for pest control, and the firm donated 1,000 PPE gowns to Cottage Hospital in Santa Barbara. Glass House Group also runs a dispensary, the Farmacy in Santa Barbara, which started a Food Bank give back program to ensure kids receive a healthy lunch. On top of that, the company will provide two weeks of paid sick leave for any employee who is infected with the virus.

Santa Rosa, California based firm CannaCraft is using ethanol from cannabis extraction to create a hand sanitizer formulation. According to Tiffany Devitt, President of Wellness, the company had several thousand pump bottles that couldn’t be used due to a change in regulations.

“With the combination of the ingredients, our large scale manufacturing equipment, and our team of in-house chemists, we were ready to start making a lot of hand sanitizer within days of learning about the shortage around the country.” The firm had 25,000 bottles slated for distribution, and its goal is to make 100,000 bottles of hand sanitizer with their next order.

Canopy Growth, on the other hand, has donated health equipment like gloves, face masks and bodysuits to local hospitals in Canada. “We committed our personal protective equipment from our recently shuttered B.C sites to the frontline staff at a local health unit in Victoria,” said spokeswoman Jordan Sinclair.

Analysts say the cannabis companies mentioned in the discussion above are just a tiny fraction of the industry and they believe that all sector players, including Sugarmade Inc. (OTCQB: SGMD), are doing everything that they can to help in the fight against this pandemic that has brought the world to a near-standstill.

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 – Senate Housing Bill Proposes Protections for Marijuana Extractors

Marijuana has been illegal at the federal level for quite a while. It is the world’s most used drug, and over the years, a lot of people have found themselves facing marijuana-related charges. However, more and more states have legalized marijuana in various capacities, and this throws into question how to treat people with marijuana-related convictions.

Some are of the opinion that their records should be expunged and that individuals currently serving time for marijuana-related convictions have their rulings overturned. Most legal marijuana programs use part of the tax revenue from sales to address this, but there’s still a long way to go. Still, there’s a lot of stigma, even in states that have legalized marijuana. This has been especially felt in the insurance and banking sectors, although things are definitely better now.

Recently, Sen. Jeff Merkley filed a Congressional bill with a provision that would prevent landlords from evicting people over manufacturing marijuana extracts if they have a valid license. The legislation contains a list of ‘just causes for eviction’ which includes the ‘manufacture of a cannabinoid extract unless the tenant holds a license to manufacture the cannabinoid extract under federal, state or tribal law.

This is where things get a little confusing, though, as cannabis is still considered illegal under the federal Controlled Substances Act. The bill contains a provision that states that ‘the unlawful manufacture, delivery or possession of a controlled substance’ is grounds for eviction but it does not exempt state-legal activity, such as cannabinoid extractors with valid licenses.

Due to the discrepancy in state and federal law, cannabis-related cases might be handled quite differently. Most eviction cases, however, are handled at the state level, so some courts might defer to state law in favor of licensed cannabinoid extractors instead of federal laws.

The provision for cannabinoid extractors is part of a housing bill designed to “address the shortcomings of our current housing policies and funding levels by holistically addressing disparities and systematic obstacles and ensuring an equitable outcome for the most vulnerable American.”

It comes a year after Reps Alexandria Ocasio-Cortez (AOC) and Kamala Harris filed a housing bill that would protect people with low-level drug convictions from being denied access to or being evicted from public housing. She said in a statement that “denial of basic necessities to formerly incarcerated people does not make our communities safer,” adding that the bill is one of the many steps that need to be taken to repair our broken criminal justice system.

Experts don’t think that industry actors like Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) are excited by this bill since previous proposed legislation along the same lines hasn’t registered success, especially in the Senate.

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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HempNewsBreaks – MCTC Holdings, Inc. (MCTC) Announces Full Integration of Lelantos Biotech’s Unique Technologies

MCTC Holdings (OTC: MCTC), a cannabinoid and hemp extract science forward company developing infusion and delivery technologies, this morning announced the full integration of Lelantos Biotech into MCTC. The company also provided an operational and product introduction update. MCTC announced the acquisition of Lelantos Biotech, Inc. in mid-February. Lelantos Biotech had previously been involved in various areas of cannabinoid and hemp infusion research and had closely collaborated with MCTC in relation to the filing of several patents in numerous hemp extract and cannabinoid delivery technologies. All the developments generated from this collaboration have been assigned to MCTC, and the rights to all six patent pending technologies belong to MCTC. Among other highlights, the update also included further information regarding the integration of the Lelantos technologies, the company’s latest Hemp You Can Feel(TM) products, and the completion of phase one of its Project Varin. “We have now integrated the Lelantos technologies and trade secrets into MCTC Holdings,” MCTC Holdings CEO Arman Tabatabaei stated in the news release. “The manner in which Lelantos was acquired was particularly shareholder-friendly with the owners agreeing to take long term notes in exchange for all of the IP and all rights to the technology. We are now actively integrating these unique and patent pending technologies into several products to be marketed under the Hemp You Can Feel(TM) brand. In all, Lelantos has provided the core technologies allowing us to now have six patents pending. We plan an active announcement and product introduction calendar as we continue to create new products based on these innovations.”

To view the full press release, visit http://cnw.fm/Wjt4H

About MCTC Holdings, Inc.

MCTC Holdings, Inc. (d/b/a: Cannabis Global) is a Delaware registered, fully reporting and audited publicly-traded company. With the hemp and cannabis industries moving very quickly and with a growing number of market entrants, MCTC plans to concentrate its efforts on the middle portions of the hemp and cannabis value chain. The company plans to actively pursue R&D programs and productization for exotic cannabinoid isolation, bioenhancement of cannabinoids and polymeric solid nanoparticles and nanofibers for addition into consumer products and for dermal application. The company was reorganized during June of 2019 and announced its intent to enter the fast-growing cannabis sector and its intent to change its corporate identity to Cannabis Global, Inc. The company is headed and managed by a group of highly experienced cannabis industry pioneers and entrepreneurs. For more information, visit the company’s website at www.CannabisGlobalinc.com.

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

About HempWireNews

HempWireNews (HWN) 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. HNW 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. HempWireNews (HWN) is where HEMP news, content and information converge.

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420 with CNW – Allow Patients to Grow Their Own Medical Marijuana, N.J. Advocates Say

2020 has so far been anything but easy. The year began as the Coronavirus tore through Asia, and in three months it has spread to all continents except Antarctica, infected over 700,000 people worldwide and left at least 40,000 dead. Most of us have never seen anything like this, and experts say that the virus may affect up to 70% of the world’s population before it runs its course.

Naturally, state and national governments have taken steps to curb the spread of the virus. Since it is transmitted through droplets when an infected person coughs or sneezes, social distancing and self-isolation work best. People have been encouraged to stay indoors and only leave when they absolutely have to. All but the most essential businesses have also been ordered to shut down for the meantime as the world grapples with the pandemic.

However, several states have recognized that marijuana is essential, and have taken steps to ensure medical marijuana patients still get their medicine. These include online purchases, home deliveries and curbside pickups.

On Wednesday, the NJ Cannabis Insider hosted a webinar, and three of the state’s well-known cannabis industry leaders discussed the current situation and how to cater to medical marijuana patients. One of the ideas was allowing patients to grow their own medical marijuana, and how it would benefit them in these trying times.

The state’s original medical marijuana law has a provision letting patients grow up to six plants at home, but it was removed to improve the legislation’s chances at the ballot. Industry leaders say such a provision would now be a great help to medical marijuana patients.

“I talk to a lot of folks in the industry. A lot of people think that the industry is fighting this. I have not heard one credible source in the cannabis industry that is opposed,” says Bill Caruso, a founding member of New Jersey United for Marijuana Reform.

He states that the reservations elected officials have about home cultivation are valid due to the prospect of rogue growers feeding the black market with unregulated products. “But if we’re talking about allowing a patient to grow their own strain or something of that effect, I do think that there is an appetite for that.”

Jackie Cornell, Chief of Policy and Health Innovation for 1906, an edibles company, suggests that advocates needed to keep ‘the constant drumbeat of the patients’ needs and patients’ rights.’

“With everybody stuck at home, it’s a great opportunity for reaching out to your Senator, to your Assemblymember, to your mayor and your elected officials.”

It would be interesting to hear what industry players like Round Meadow Holdings Corp. and Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) have to say about this tricky scenario of tweaking marijuana policy in a way that wasn’t included in the enabling law.

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 – Survey Shows Most Americans Want Medical Marijuana Dispensaries to Stay Open

The ongoing Coronavirus pandemic has put the world in a position it hasn’t been in since the 1918 Spanish flu. It first appeared in Wuhan, China, and quickly spread through Asia, Europe, the Americas and to Africa. Over 700,000 cases of the virus have been confirmed, and it has left at least 30,000 individuals dead in its wake.

Governments have been scrambling to contain the virus before it gets worse by implementing a variety of measures. Social distancing and self-isolation are by far the most important as it is transmitted through water droplets when an infected person coughs or sneezes. And to ensure people stayed home unless they had to get something essential, say water or medicine, all but the most essential businesses were ordered closed.

These include supermarkets, drug dispensaries, gas stations, and banks and in many states where it was already legal, marijuana. As state governments issued lockdown directives, most people bought supplies in bulk to prepare for a long period of self-isolation and social distancing. During this period, medical and recreational cannabis dispensaries recorded a sharp spike in sales.

More and more people consider marijuana an essential, either for its medical properties or to reduce anxiety during this highly stressful period. After surveying 5,400 U.S. adults online this week to see their opinions on medical marijuana, YouGov found that a large portion of them consider it an essential service.

56% said medical marijuana dispensaries should be considered essential services, 26% did not and 21% said they didn’t know. 62% of Democrats said medical marijuana was essential while 19% did not think so. On the other hand, 43% of Republicans said it was essential while 39% didn’t think so. 52% of Independents thought medical marijuana dispensaries should remain open.

States like New Jersey, Colorado, Michigan, and Illinois have deemed medical marijuana essential, and have taken steps to ensure patients and employees are safe. This includes encouraging online purchases, curbside pickups and in a few cases, home delivery. Not only does this reduce physical contact and the physical handling of money, but it also provides an essential medicine to a vulnerable group.

A large percentage of medical marijuana patients are seniors who are immunocompromised, and some dispensaries have even set aside times where they exclusively serve senior citizens. David Knowlton runs a marijuana cultivation facility with an attached dispensary in New Jersey, and he wasn’t shocked when his business was deemed an essential one.

“Access to medical cannabis is as important as access to any other needed medication. There is nothing in the current crisis that would mitigate that need or the appropriateness of that use.”

The survey results indicating that Americans see marijuana as an essential commodity is likely to be welcomed by sector-related companies like MCTC Holdings Inc. (OTC: MCTC) since such results show that there is a shift in the way society perceives marijuana.

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 – SinglePoint, Inc. (SING) Reports Q4, Full Year 2019 Financial Results

SinglePoint (OTCQB: SING) today reported audited financial results for the three and twelve months ended December 31, 2019. Among other highlights, the company reported total sales of $3,343,833 for the year ended December 31, 2019, representing an increase of 189% year-over-year when compared to total sales of $1,154,671 in 2018. Per the news release, the company attributes the substantial increase to the acquisition of Direct Solar in May 2019. Looking forward, SinglePoint intends to continue to find accretive ways to work with investing partners to improve the company’s balance sheet by strategically removing outstanding notes. “The positive operational results in 2019 represent the commitment we have to our stakeholders to enhance revenues by executing on growth initiatives and acquisitions that we believe will continue to add value. We are ecstatic about the continued growth of SinglePoint and look forward to achieving significant growth through 2020. Through the acquisition of Direct Solar America, we have firmly established ourselves as a leading provider of residential solar concierge services, designed to assist customers with making the best choice based on their specific needs. Throughout 2019 and into 2020 Direct Solar has continued to grow revenue and expand its service footprint which now includes coverage in 25 states. Business development and expansion is continuing as contractors continue looking for solutions that increase their revenue and bottom such as those provided to them when they partner with the Direct Solar Residential Platform,” SinglePoint Chairman and CEO Greg Lambrecht stated in the news release.

To view the full press release, visit http://cnw.fm/cQbD6

About SinglePoint Inc.

Founded in 2011, SinglePoint 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

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 – Youngevity International, Inc. (NASDAQ: YGYI) Provides Update on COVID-19 Impact

Youngevity International (NASDAQ: YGYI), a leading multi-channel lifestyle company operating in three distinct business segments including a commercial coffee enterprise, commercial hemp enterprise and multi-channel lifestyle company, today provided an update on the impact of the COVID-19 virus on its operations. According to the update, all of Youngevity’s three reporting segments have been able to continue operations, as each falls into the category of an essential business.  Although Youngevity continues to generate revenue in all segments, it has experienced difficulty in meeting its filing deadline for its Annual Report on Form 10-K for the year ended December 31, 2019, due to displacement of its non-essential personnel in various offices in the U.S. and around the world caused by the global outbreak. This displacement, including substantially all accounting staff, restrictions imposed by various governments, and displacement of its auditors’ staff, among other areas of impact, has slowed down the financial reporting and audit process causing the company to miss the filing date of its 10-K. “We are complying with all government initiatives and recommendations and our company is pro-actively taking the health and safety of our employees very seriously by implementing smart-work initiatives by encouraging, when and where possible, work from home options,” Youngevity International Chairman and CEO Steve Wallach stated in the news release. “These factors, in spite of a huge effort by the accounting and finance team, has made it impossible to meet our financial reporting deadline. We feel fortunate that our operations are able to generate revenue in all segments.”

To view the full press release, visit http://cnw.fm/m1Vw0

About Youngevity International, Inc.

Youngevity International, Inc. is a multi-channel lifestyle company operating in three distinct business segments including a commercial coffee enterprise, a commercial hemp enterprise, and a multi-vertical omni direct selling enterprise. The Company features a multi country selling network and has assembled a virtual Main Street of products and services under one corporate entity. YGYI offers products from the six top selling retail categories: health/nutrition, home/family, food/beverage (including coffee), spa/beauty, apparel/jewelry, as well as innovative services. For more information, please visit www.YGYI.com.

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

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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