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 – COVID-19 Crisis Triggers Changes in Marijuana Consumer Behavior

It’s safe to say the world has never experienced something quite like the Coronavirus pandemic. Three months after appearing in Wuhan, China, the virus has infected more than 1.4 million individuals worldwide and claimed at least 87,000 lives. Countries have had to radically overhaul systems that have been in place for decades to help contain the virus. And many experts say things may not go back to ‘normal’ once the pandemic dies down.

One interesting development with the announcement of lockdowns in various U.S. states was the increased demand for marijuana. Both recreational and medical marijuana dispensaries were seeing increased sales as people stocked up. Soon after, most of the states with legal marijuana programs declared marijuana as essential, thus allowing the industry to keep running during the pandemic.

Although marijuana businesses haven’t been granted access to disaster relief loans, most states have passed emergency measures to allow them to transact with their customers under safer and more hygienic conditions. This includes allowing curbside pickups and home deliveries.

According to Vice, people tend to smoke, drink or eat poorly during times of great stress. Dubbed ‘headlines distress disorder,’ it has led to a surge in the sale of alcoholic beverages during stressful times such as the one we’re currently facing. Headset reports that U.S. adult-use markets have shown an average daily sales increase of 10%.

“Historically, alcohol sales frequently rise during times of economic distress, regional disasters, etc. There is no reason to believe that cannabis sales would be any different and there will likely be a prolonged upswing for the foreseeable future,” says Sue Bachorski, formerly with Constellation Brands for 30 years and currently with the House of Saka.

Data released by Headset as of April 2 shows that the type of cannabis products consumers have been buying has changed. Edibles recorded a 28% increase in sales and cannabis-infused beverages, which previously accounted for only 1% of the market, saw a 14% increase. The Coronavirus attacks the respiratory system, so you would expect consumers to opt out of smoking or vaping cannabis.

“In these uncertain and challenging times, it’s an encouraging silver lining to see cannabis consumers increasingly seeking out infused beverages. There are likely several factors affecting the recent rise in sales, but an important takeaway is that infused beverages are typically designed for individual consumption and can be consumed discreetly,” says Vertosa CEO Ben Larson.

“They are also an approachable, familiar way to consume cannabis for less experienced users and those looking to avoid smoking during this time.”

Experts believe that the cannabis industry, including Round Meadow Holdings Corp. and Sugarmade Inc. (OTCQB: SGMD), is studying these changes in consumer preferences and they will certainly adjust their strategies accordingly.

About CNW420

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

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CannabisNewsBreaks – Champignon Brands Inc. (CSE: SHRM) (OTC: SHRMF) (FWB: 496) Aims to Support Mental Health, Develop Improved Treatments Using Psilocybin Mushrooms

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, offers a timely line of organic, non-GMO and vegan-certified products. In 2019, Johns Hopkins launched a center for psychedelic research backed by private funders (http://cnw.fm/1lTHD). A recent article discussing the company reads, “The focus of John Hopkin’s studies will be on the affect psychedelics have on behavior, brain function, learning and memory, and the brain’s biology and mood. New therapies and the effectiveness of psilocybin are being explored for opioid addiction, Alzheimer’s disease, post-traumatic stress, post-treatment Lyme disease syndrome, anorexia nervosa and alcohol use related to depression. . . . The use of mushrooms in the health industry is growing in credibility in both scientific and financial sectors, and laws around the use of psilocybin mushrooms and their derivatives are changing. This progress is providing companies such as SHRM the opportunity to support mental health and develop new and improved treatments. The opportunities aren’t only medicinal, so while Champignon is preparing large-scale production for clinical settings, the company is also focused on retail opportunities in the health and wellness market.”

To view the full article, visit http://cnw.fm/u2x6R

About Champignon Brands Inc.

Champignon Brands 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, Champignon is conducting preclinical 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 standalone 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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CannabisNewsBreaks – Agrify Makes Antimicrobial Products Available to Public as Critically Needed Sanitization Weapons in Fight Against COVID-19

Agrify, a developer of premium indoor grow solutions for the cannabis industry, today announced that it is making its antimicrobial products, normally used to mitigate environmental threats to cannabis crops, available to the public as critically needed sanitization weapons in the fight against COVID-19. According to the update, Agrify typically sells its Bluezone(R) and Enozo products to cannabis cultivators as critical solutions for mitigating environmental threats such as powdery mildew, botrytis and mold in cannabis cultivations. But Agrify understands, like companies such as Dyson, Carhartt and GE, that any applicable resources need to go toward helping keep people safe and healthy during this time of global crisis. “Agrify takes our employees’ health and safety seriously,” Agrify CEO Raymond Nobu Chang said in the news release. “We had Enozo bottles and a Bluezone(R) unit running in our office from the moment we got word of the virus.”

To view the full article, visit http://cnw.fm/YA2qu

About Agrify

Agrify sets the standard in precision cultivation for the cannabis industry. The company applies science and technology to maximize the genetic potential of the plant, regardless of climate and geographic location. Its integrated hardware and software system is designed to optimize crop yields and quality at competitive operating costs. The result is a consistent product for cultivators and their customers, always. Agrify is headquartered in Burlington, Massachusetts. For more information, visit the company’s website at www.Agrify.com.

About CannabisNewsWire

CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

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CannabisNewsBreaks – Cannabis Strategic Ventures, Inc. (NUGS) Sells Approximately 900 Pounds of Cannabis Products Amidst Coronavirus Outbreak and End of Dry Season

Cannabis Strategic Ventures (OTCQB: NUGS), an emerging leader in the U.S. and California cannabis marketplaces, today announced the sale of approximately 900 pounds of cannabis product from its core cultivation facility, NUGS Farm. According to CannabisBenchmarks.com, the average price of cannabis flower in the U.S. market was $1,588 per pound as of April 3, with prices moving higher over recent weeks. “We believe there are two factors driving cannabis prices higher right now,” Cannabis Strategic Ventures CEO Simon Yu said in the news release. “First, people are reacting to the coronavirus epidemic, which is producing anxiety and an instinct to hoard necessary goods. For many people, that includes cannabis. This is particularly true for those with medical marijuana prescriptions. Second, we are moving toward the end of the dry season, so supply is tapering out of the market as outdoor producers wind down inventories ahead of the new planting season. We are clearly benefitting from both of these dynamics right now, which should continue to drive performance over coming months.”

To view the full press release, visit http://cnw.fm/DYc4T

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 – Arizona Marijuana Campaigners Petition Supreme Court to Authorize Electronic Signature Gathering

The Coronavirus pandemic has ground the world to a complete halt. All but the most essential businesses have been closed and people are instructed to stay indoors and practice social distancing. Not only has the pandemic put a ton of strain on healthcare systems around the world, but it has also made most economic, social and political activities virtually impossible.

Drug legalization campaigns have been especially hit. With most people under lockdown to prevent the spread of the virus, signature collecting has been put on hold. However, activists in Arizona have petitioned the Supreme Court to allow electronic signature gathering. The measure to legalize marijuana is backed by Smart and Safe Arizona, and the group filed a petition requesting that the Supreme Court direct the Secretary of State to let them collect signatures digitally.

Fortunately, the state already has the necessary infrastructure in place. Residents can use a system called E-QuaL to sign ballot petitions for individual candidates, and activists argue that it can be redirected into collecting signatures. They claim that limiting the E-QuaL system to office-seekers is unconstitutional. However, since state law says that it can only be used for that purpose, we will have to wait for the Court’s decision.

“Legal access to E-QuaL for these citizen initiatives is the right thing for public health and democracy. Following Governor Doug Ducey’s stay at home order issued Monday and current CDC recommendations, gathering hundreds of thousands of signatures on paper, at people’s homes or in public spaces is impossible to do safely and responsibly during this pandemic. E-QuaL is a very reasonable remedy,” said a statement from the groups’ attorneys.

Although the state requires 237,645 signatures for statutory proposals, Arizona’s marijuana campaign has already collected more than 320,000. However, they have yet to be verified, and activists would like to continue collecting signatures to make sure their measure qualifies for the ballot.

The legalization measure would allow individuals 21 and older to possess up to an ounce of marijuana at a time and cultivate up to six plants for personal use. Cannabis sales would be taxed at 26%, and the tax revenue would be allocated to community colleges, developing infrastructure, justice reinvestment and public services such as firefighters and police.

It also contains several restrictive justice provisions such as individuals with prior marijuana convictions to petition the courts to have their records expunged as well as establishing a social equity ownership program.

It would be interesting to hear what cannabis industry actors like Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) think of the likelihood of the highest court in Arizona granting the request of the petitioners to collect electronic signatures in support of their cause.

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420 with CNW – Delaware Officials Authorize Medical Cannabis Deliveries Amid Coronavirus Crisis

Most states with legal cannabis programs have deemed marijuana essential as the world grapples with the Coronavirus pandemic. To reduce new infections and curb the spread of the virus, numerous governments all over the world have ordered lockdowns of varying degrees. Residents have been advised to stay indoors unless they absolutely have to, and all but the most essential businesses have been closed for the time being.

Fortunately for the millions of patients who rely on medical marijuana, marijuana was included in this category. With the exception of Massachusetts which has only allowed medical marijuana stores to remain open, all the other states have deemed both medical and recreational pot essential.

A large percentage of medical marijuana patients are senior citizens and immunocompromised individuals, and this puts them at greater risk. To keep both them and the staff safe, states have taken extra steps to help reduce their contact. In Delaware, officials have recently allowed medical marijuana home delivery under an emergency program to ensure patients receive their medicine while limiting their exposure.

One company, Columbia Care, has stores in Wilmington, Smyrna, and Rehoboth Beach, and it is expected to begin home deliveries as soon as this week. Although the program has been rolled out under Delaware’s state of emergency declaration, regulators have stated that they intend to allow deliveries to continue even after the virus runs its course.

“The Office of Medical Marijuana is not establishing this as a convenience option, but as a stop-gap system to allow homebound and the most vulnerable patients to obtain products safely,” says Paul Hyland, Director of the State Office of Medical Marijuana. He added that although there are still a number of steps to be completed and no firm date has been set for when deliveries will begin, ‘Columbia Care is looking to launch delivery this week.’

The emergency program could ultimately expand to other in-state dispensaries like First State Compassion and Fresh Delaware. “However at this time, they were not in a position to accommodate delivery in the time necessary to respond to the current situation,” says Hyland.

He adds that patients won’t be forced to take any extra steps to register for Columbia Care’s delivery service.

Leading cannabis advocacy group NORML has registered its approval of the emergency measure, stating that it is thrilled, and it has urged officials to implement the plan quickly. The group has also asked patients to only use the delivery option if they simply cannot do curbside pickups.

“Please be mindful that for many patients this will be their only option. If you can facilitate the online ordering with pick up option safely, please continue to do so and save this service for those who need it most.”

Analysts see this quick response by the regulators in Delaware to expedite the start of home deliveries as something that will be applauded by sector players like SinglePoint Inc. (OTCQB: SING) who are concerned that the ongoing COVID-19 control measures will make it harder for the most vulnerable patients across the affected countries to access medical cannabis.

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CBDNewsBreaks – Hemptown USA Offers Subscribers Opportunity to Pre-Order Leading Immunity-Boosting Product

Hemptown USA, a privately-owned grower of full-spectrum, feminized hemp using premium-seed genetics, recently lowered the price of its leading immunity-booster in response to the challenging times the world is facing, and the product rapidly sold out. Hemptown’s CBG IMMUNO CAPS are comprised of a proprietary blend of CBG (cannabigerol), CBD (cannabinoid), echinacea, elderberry, oregano and thyme. Now the company is offering Hemptown subscribers the opportunity to pre-order the product at the new price point of $59.99 before it becomes available to the general public. Products are anticipated to ship by Friday, April 10. Additionally, shoppers can boost their savings by bundling their purchase of IMMUNO CAPS with the company’s Harvest Blend CBD/CBG tincture for the low price of $99.99.

To pre-order Hemptown’s CBG IMMUNO CAPS, visit http://cnw.fm/5tY0b

About Hemptown USA

Hemptown USA is growing some of the finest cannabinoid-rich hemp plants in the world to meet the ever-increasing global demand for premium cannabinoid products. In total, the company cultivated more than 1,500 acres in three states – Oregon, Colorado and Kentucky. Expanded farmland spanning three states, together with extraction and processing capabilities, are the foundation for Hemptown USA’s vertically integrated model as the company pushes into the consumer packaged goods sectors with top-quality branded product lines. Due in large part to the recent acquisition of Kirkman Group, an FDA-licensed and cGMP (Current Good Manufacturing Practice) certified operating nutraceutical business based in Oregon, Hemptown USA is well-positioned to capitalize on a global market expected to exceed $22 billion by 2020. For more information, visit the company’s website at www.HemptownUSA.com.

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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420 with CNW – Federal Government to Fund Research into Effects of COVID-19 on Marijuana Consumers

The last time the world faced anything as life-changing as the Coronavirus was a century ago. The pandemic has shown just how unprepared most countries were for a health crisis of this magnitude. The virus first appeared in Wuhan, China and has spread to all continents except Antarctica. Over 1.3 million individuals have been infected worldwide, with at least 73,000 lives lost.

The virus shares many symptoms with pneumonia, and it attacks the respiratory system. Although everyone is at risk of infection, individuals with weak immune systems are at a higher risk of succumbing. Countries like Italy with a large percentage of old folks have been especially affected by the virus. It is transmitted through droplets that an infected person expels when they cough, sneeze or even breathe.

Since the virus attacks the respiratory system, there have been questions on whether individuals who smoke or vape marijuana or tobacco are more at risk. To collect more information on this, the National Institute on Drug Abuse (NIDA) is asking researchers to submit grant applications to study how such people are affected by the virus.

In a notice published last month, the agency stated that the rapid spread of the pandemic made it imperative that researchers identify the potential medical complications for people who use substances that compromise their respiratory systems. Two grants were made available to researchers who would be able to provide more insight into the matter.

“As people across the U.S. and the rest of the world prepare for what could be a pandemic of the 2019 novel Coronavirus or COVID-19, the research community should be alert to the possibility that it could affect some populations with substance use disorders or HIV particularly hard. Because it attacks the lungs, COVID-19 could be an especially serious threat to those with histories of smoking tobacco or marijuana or vaping,” stated the notice.

“Additional social and environmental factors associated with drug use may worsen the transmission and treatment of COVID-19, especially among individuals who experience homelessness or incarceration, which is more common among those with a substance use disorder,” the notice further explains.

The agency has stated that the grant’s prime objective is to understand whether ‘smoking tobacco or marijuana, vaping, opioids and other drug use could be a risk factor in the onset or progression of the Coronavirus.’

The research is ultimately geared at understanding the ‘respiratory effects of SARS-CoV-2 infection among individuals with substance use disorders, in particular those with nicotine, marijuana, opioid, and methamphetamine use disorders.’

Analysts believe the cannabis industry, including Champignon Brands Inc. (CSE: SHRM) (OTC: SHRMF) (FWB: 496), are likely to be eager to read the results of such research since they may potentially change how the industry is viewed by the public and regulators.

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420 with CNW – Massachusetts Sees More Applications for Medical Marijuana Cards During COVID-19 Pandemic

As the novel Coronavirus keeps the world in a perpetual state of fear and uncertainty, Massachusetts has registered an upsurge in the number of people seeking medical marijuana cards. This has been a consistent theme in most states that allow medical marijuana, with both medical and recreational marijuana stores experiencing increased demand.

COVID-19 first appeared in Wuhan, China in late 2019 and three months later has infected over 1.3 million individuals and claimed at least 73,000 lives. The U.S. has become the epicenter of the Coronavirus pandemic with over 360,000 infections and 10,764 deaths. Understandably, most of the country has gone into lockdown, with people encouraged to stay indoors, and all but the most essential businesses are to shut down for the time being.

In many states, this included marijuana businesses. States like Colorado have even taken extra steps like allowing curbside pickups and home deliveries to keep employees and patients safe. And most of these states registered increased demand for marijuana, which many use to help with a variety of conditions including anxiety, insomnia, and chronic pain.

According to the Cannabis Control Commission (CCC), there were 1,300 new medical marijuana patients registered in Massachusetts between March 23 and April 1, compared to the 500 just 10 days prior. While some states designated both recreational and medical marijuana as essential, Massachusetts doesn’t allow recreational marijuana sales during the pandemic.

Before patients can apply for a medical marijuana card online, they must get a recommendation from a state-certified physician. And in accordance with social distancing directives, the CCC recently revised some of its rules temporarily to allow medical practitioners to certify new patients using telehealth. To be eligible, you must have a qualifying medical condition such as HIV or Parkinson’s disease.

According to marijuana store owners, a lot of their recreational marijuana customers use cannabis to treat severe anxiety and PTSD, and they hoped Governor Charlie Baker would classify them as essential. However, these hopes were dashed when the governor stated that classifying recreational cannabis stores as essential would create problems for the state.

“If we make recreational marijuana available, we are going to have to deal with the fact that people are going to come here from all over the place, across the Northeast and create problems for us with respect to the fundamental issue we are trying to solve here, which is to stop the spread. And for that reason and that reason alone, I think this is just a non-starter with us,” he said during a press conference.

Experts see the situation in Massachusetts as an eye-opener for marijuana companies like The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) to learn that not all customers who buy from recreational cannabis outlets are doing so for purely recreational reasons.

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CannabisNewsBreaks – Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) Announces Receipt of Notices of Default from MXY Holdings LLC

Green Growth Brands (CSE: GGB) (OTCQB: GGBXF) today announced its receipt of a notice of default from MXY Holdings LLC (“Moxie”) related to a US$5,000,000 note for which it provided a guaranty as a condition to Moxie extending the loan to GGB Beauty LLC on July 8, 2019. According to the update, the note had a January 31, 2020, maturity date and the parties were unable to reach agreement as to an extension. In conjunction, the company also received notice that its obligations with respect to the previously announced US$4,000,000 termination fee owed to Moxie would also be accelerated and deemed immediately due and payable. Green Growth Brands is reviewing the notices and will continue working with Moxie to reach resolution on a restructuring solution as to both the note and the termination fee.

To view the full press release, visit http://cnw.fm/P68ex

About Green Growth Brands Inc.

Green Growth Brands creates remarkable experiences in cannabis. The company’s brands include CAMP, The+Source, and 8 Fold. GGB is expanding its cannabis operations throughout the U.S., via dispensaries in Nevada, Massachusetts and Florida. For more information, visit the company’s website at www.GreenGrowthBrands.com.

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