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 – Youngevity International, Inc. (NASDAQ: YGYI) Receives Nasdaq Notification Regarding Delayed Form 10-K Filing, Khrysos Subsidiary Secures FDA Rights to Produce Hand Sanitizer

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, on Monday announced its receipt of a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC indicating that, as a result of the delay in filing its Annual Report on Form 10-K for the fiscal year ended December 31, 2019, Youngevity is not in compliance with the timely filing requirement for continued listing under Nasdaq Listing Rule 5250(c)(1). According to the update, the letter has no immediate effect on the listing or trading of Youngevity’s common stock on the Nasdaq Market, and Nasdaq has informed Youngevity that it must submit a plan of compliance within 60 calendar days of receipt of the letter addressing how it intends to regain compliance with Nasdaq’s listing rules. If Nasdaq accepts the plan, it may grant an extension of up to 180 calendar days from the Form 10-K original filing due date to regain compliance.

In addition, Youngevity today announced that its wholly owned subsidiary, Khrysos Industries, Inc., has begun producing hand sanitizer in various sizes including 2 oz., 4 oz., 8 oz., and 1 gallon packaging. The FDA granted the company a license to begin producing hand sanitizer in its Orlando, FL facility, which it bought late last year, and Khrysos expects to be well positioned to utilize its operation to produce hand sanitizer that is in high demand due to the impact of the coronavirus. “We began shipping hand sanitizer today and expect to ramp up production as necessary to meet the demand that is still in short supply,” YGYI President and CFO Dave Briskie said in the news release. “Our team at Khrysos is taking great pride in providing this product especially to the nurses and doctors that are out there on the front line fighting for those inflicted with this horrible virus.”

To view the full press releases, visit http://cnw.fm/h4lOw and http://cnw.fm/D5Pd8

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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420 with CNW – North Dakota Campaigners Suspend Marijuana Legalization Drive Due to COVID-19

Three months after first appearing Wuhan, China, the Coronavirus has left the entire world in a panic. Most of us have never experienced something of such epic proportions, with more than one million people infected and over 60,000 lives lost. Presently, most governments have issued directives to help curb the spread of the virus.

People are directed to stay indoors and only leave when they absolutely have to, and all but the most essential businesses have shut down operations. Unsurprisingly, this hasn’t been easy on the economy, with more than 6 million people filing for unemployment last week, the largest number ever. The lockdown has also affected numerous campaigns to legalize marijuana in various capacities.

In North Dakota, with most people staying indoors to avoid contracting the virus, signature collecting activities have ground to a halt. Due to this situation, activists recently announced that they are suspending their campaign to add marijuana legalization to the November ballot.

A Facebook post by Legalize ND said, “We are going to have to face a few hard realities going forward. Due to the virus all of our major avenues for signature collection have been postponed, and going door to door is not safe for both those knocking and those whose doors are being knocked on.”

Unlike states like Idaho that allow some form of online signature collection, North Dakota doesn’t have a provision for signature collection through the mail or online. According to Legalize ND, they needed to collect 13,433 valid signatures from voters before July 6. However, with the current situation, the campaign will have to shift its focus to the 2022 primary election.

“Businesses will continue to collect, but we don’t want to create another vector for the Coronavirus. As a result, at this time if something major doesn’t change we will not be able to make the 2020 ballot,” said the post.

Legalize ND’s proposed initiative would have allowed individuals to purchase and possess up to two ounces of cannabis. It would impose a 10% excise tax and establish a regulatory body to approve licenses for marijuana businesses. However, unlike a previous version of the initiative that voters rejected, this version would prohibit home growing.

North Dakota isn’t the only state whose drug legalization initiatives have taken a backseat. New York Governor Andrew Cuomo recently said that legalization wouldn’t happen through the budget as he had hoped. In California, activists for campaigns to amend the legal cannabis program have asked for a digital signage option.

Analysts are certain that the news of yet another cancelled legalization campaign is likely to be a disappointment to sector players like Sugarmade Inc. (OTCQB: SGMD) who are yearning for some good news amidst the rampaging COVID-19 pandemic.

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 – How Cannabis Retailers Can Protect Themselves and Their Clients Amidst COVID-19

To reduce the spread of the Coronavirus, most governments have implemented lockdowns of varying degrees. People are encouraged to stay indoors unless they absolutely have to, public gatherings have been banned and all but the most essential businesses have been shut down for the time being. Essential businesses include supermarkets and grocery stores, pharmacies, and daycare centers.

To the delight of the patients and over 200,000 employees who rely on the industry, the cannabis industry has been deemed essential by a number of states. Cannabis is quite effective against stress, anxiety, and depression, after all. On top of that, a large portion of medical marijuana patients are senior citizens with underlying health issues, and it would be unwise to deprive them of their medication during such trying times.

According to Sabrina Fendrick, Chief Public Affairs Officer at the Berkeley Patients Group cannabis store, adaptability is a core trait in cannabis. And adaptability will be key for any cannabis business hoping to weather this storm.

Preventing congestion in your store ought to be your first move. The virus is transmitted when an infected person coughs or sneezes, and recent research suggests that simply breathing could do the trick. States like Colorado have okayed curbside pickups, where the customer stays in their vehicle and the employee comes out to transact with them. If you can afford it and have the infrastructure in place, home deliveries are also a great alternative.

Online purchases will also limit long lines. For instance, Mission Illinois, a Chicago-based store has switched to hourly reservation windows, and customers get a text informing them when it’s time to pick up their cannabis. According to Mission Illinois’ operator Kris Krane, the reservation system serves just as many customers, but with far fewer people gathering outside.

Ensuring employee safety is crucial too since half measures will absolutely not work against the virus. If possible, encourage them to work at home, and scale down the number to the most essential. At your brick and mortar location, keep them six feet apart as much as possible, and make sure there is good ventilation.

As Debby Goldsberry, operator of the Magnolia dispensary in Oakland, CA says, “No staffer shaking hands, hugging or bumping fists right now. If you do, follow hand cleaning procedures.”

Good hygiene is the best way to prevent new infections. And since patients seem healthy for a short period while still transmitting the virus, employees who are at the store need to be especially meticulous. Wash your hands with soap and water thoroughly or disinfect them with hand sanitizer and avoid touching your face.

At Mission Illinois, staff wear latex gloves and they disinfect surfaces on the hour and each night. Face masks are encouraged too since we’re still learning about the virus and it’s better to err on the side of caution. As the CDC has said, anything is better than nothing.

Experts believe that marijuana industry actors, such as Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF), are not taking any chances in this fight to keep employees and customers safe during this COVID-19 storm.

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CBDNewsBreaks – ChineseInvestors.com Inc. (CIIX) Implements Multipronged Growth Strategy

ChineseInvestors.com (OTCQB: CIIX) is continuing to pursue new areas for growth in a variety of industries. An article discussing the company reads, “ChineseInvestors.com continues to emphasize its two quality revenue channels for sales and profit growth: fintech products and services and CBD programs. Investors may note that in June 2019, the company anticipated the doubling of sales over the next 12 months (http://cnw.fm/Heb9W). Also, CIIX is planning an IPO of CBD Biotech early this year. The path ahead looks promising for CIIX along with its visionary management team, customers and investors.”

To view the full article, visit http://cnw.fm/t56fN

About ChineseInvestors.com Inc.

Founded in 1999, ChineseInvestors.com endeavors to be an innovative company by providing (a) real-time market commentary, analysis and educationally related services in both traditional and simplified Chinese language character sets; (b) advertising and public-relations-related support services; and (c) retail, online and direct sales of hemp-based products and other health-related products. For more information, visit the company’s website at www.ChineseInvestors.com.

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

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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CannabisNewsBreaks – GP Solutions, Inc.’s (GWPD) GrowPods Can Help Farmers Quickly Provide Ultra-Fresh “Superfoods” to Nation in Need

GP Solutions (OTC: GWPD), developer of GrowPods – Controlled Environment Micro-Farms – can help farmers quickly expand and provide ultra-fresh “Superfoods” to a nation in need, while increasing their income in the process. Net farm incomes are expected to decline another $10 billion this year according to the USDA 2020 Farm Sector Income Forecast. With many row crop farmers barely breaking even, premiums offered for organic and luxury foods are growing even more appealing. GrowPods, transportable and scalable finely tuned automated micro-farms, allow farmers to rapidly and affordably add high-margin superfoods to their business – with cultivation taking place year-round. Additionally, GrowPods simplify organic and superfood cultivation, featuring a sealed and filtered environment that can eliminate pesticides, herbicides and other contaminants.

To view the full press release, visit http://cnw.fm/5hP5Y

About GP Solutions, Inc.

GP Solutions, Inc. is the developer of highly innovative automated micro-farms trade named “GrowPods.” GrowPods are a modular, stackable and mobile vertical growing environment specifically engineered to maximize yield and automation. Offering fully insulated, food-grade shipping container that has been specifically modified to provide the optimum controlled environment for growing a wide range of horticultural and agricultural products in all environments and climates. With the company’s combination of hydroponic and certified organic soil systems, clients can produce a significantly higher yield that grows faster, healthier and more consistent. For more information, visit the company’s website at www.GrowPodSolutions.com.

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

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420 with CNW – Gov. Cuomo Says Marijuana Legalization Unlikely This Year

The road to marijuana legalization in New York has been long, and according to state Governor Andrew Cuomo, it likely won’t end this year. As the budget deadline rapidly approached with no concession on how to close a $15 billion budget gap, Cuomo stated that marijuana isn’t going to be part of the state’s budget this year. This is the second year in a row New York legislators have removed marijuana legalization from the state budget.

When asked about the chances of including marijuana legalization in the annual budget during his daily Coronavirus briefing, the governor stated that it is not likely, adding that there is ‘too much’ to do and ‘too little time’ to do it.

At the moment, the state of New York is the epicenter of the U.S. Coronavirus outbreak. The state has reported at least 80,000 confirmed Coronavirus cases and more than 1,900 deaths. More than 45,000 of those cases are in New York City, and the city has suffered 1,374 casualties.

The pandemic has thrown the entire world into lockdown mode. The virus which first appeared in Wuhan, China in late 2019 has infected over 800,000 individuals worldwide and claimed over 40,000 lives. To curb the spread, most governments have implemented lockdowns, advising people to stay home unless they have to get essentials like food and medicine and shutting down all but the most essential businesses. This, coupled with the immense strain the pandemic has put on healthcare systems has had adverse effects on the economy.

Quite recently, there have been talks of kick-starting New York’s economy after the virus runs its course by legalizing marijuana. States like Colorado and California have earned millions in tax revenue from marijuana sales. Legalizing marijuana would have provided tax revenue and much-needed jobs for the state, but Governor Cuomo’s pronouncement has put a damper on those hopes.

“We’re not going to get there. I don’t believe we’ll get there because in truth, that is something that had to be talked through and worked through, and the legislature wasn’t here,” said the Governor. “That is not a yes or no. That’s a, how does it work. How about the police? Who gives out the licenses? How do you do minority empowerment? How do we coordinate with Connecticut and New Jersey? And no one has really had the time to work those things through. So I don’t think we’ll get there on that.”

This news of yet another delay in giving New Yorkers the opportunity to benefit from marijuana legalization is likely to disappoint the entire cannabis industry, including entities like Champignon Brands Inc. (CSE: SHRM) (OTC: SHRMF) (FWB: 496), who would like all people across the country to have the option of consuming marijuana legally.

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420 with CNW – COVID-19 Could Add Impetus to Campaigns for Marijuana Home Cultivation

Patients and industry players alike have applauded the decision by numerous states to classify marijuana as an essential commodity, allowing medical and recreational marijuana stores to remain open. As the Coronavirus pandemic ravages the U.S., several state governments have implemented statewide lockdowns to curb its spread.

People are to practice self-isolation and only head outside for essentials like food and medicine, and all but the most essential businesses have been ordered to close. They are also encouraged to wash their hands with soap and water or hand sanitizer regularly.

The open businesses include supermarkets, pharmacies, and daycare centers, and they have permission to operate during the lockdown as they provide essential goods and services. Fortunately for the many people who rely on marijuana to deal with a variety of health issues, numerous states have stated that marijuana is just as essential.

They have taken additional steps such as allowing curbside pickups and home deliveries to ensure both the sellers and patients stay safe as they transact. According to some, allowing people to grow their own marijuana at home might make the self-isolation and social distancing measures even more effective.

Bill Caruso, a lawyer and founding member of New Jersey United for Marijuana Reform says that support for home cultivation exists among patients and industry professionals. “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,” he stated during an NJ Insider webinar.

A large percentage of medical marijuana patients are old folk with underlying health issues, and this makes them more susceptible to contracting and succumbing to the Coronavirus. During the webinar, industry leaders and advocates argued that medical patients shouldn’t have to rely on outside sources to acquire plant medicine. Even with measures like curbside pickups and home deliveries, such patients are still at a higher risk of getting infected by the virus.

“If you have a child with Dravet Syndrome and you don’t have access to your medicine, that’s a big freaking deal. And that should make people angry, right? People should not have to worry about where they’re going to get medicines for themselves or for their child,” said Scott Rudder, President of the New Jersey CannaBusiness Association.

While any major legislative changes are unlikely in the short term, advocates believe the Coronavirus pandemic could eventually push lawmakers into reconsidering the ban on home cultivation.

It would be eye-opening to get a glimpse into what sector players like Round Meadow Holdings Corp. and SinglePoint Inc. (OTCQB: SING) recommend as the best ways to ease the fears of lawmakers regarding marijuana home grows.

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CannabisNewsBreaks – Cannabis Global, Inc. (MCTC) Announces Domicile into Nevada, Corporate Name Change to Better Reflect Cannabis Direction

Cannabis Global (OTC: MCTC), formerly MCTC Holdings, today announced a change in corporate domicile from Delaware to Nevada under the corporate name of Cannabis Global, Inc. According to the update, the company plans to institute a corporate action with FINRA for an official name change with that organization and for a change of the stock trading symbol. “We have made tremendous progress as an organization since our reorganization last May, but now it is time for our corporate identity to match our corporate mission,” Cannabis Global CEO Arman Tabatabaei stated in the news release. “Thus, we have changed the name of the corporation to Cannabis Global, Inc. and we will be applying with FINRA for a new stock trading symbol to match our marketplace.”

To view the full press release, visit http://cnw.fm/GMt1u

About Cannabis Global, Inc.

Cannabis Global, Inc. is a Nevada 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, Cannabis Global 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

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CannabisNewsBreaks – VIVO Cannabis Inc. (TSX: VIVO) (OTCQX: VVCIF) Announces Partial Debenture Repurchase

VIVO Cannabis (TSX: VIVO) (OTCQX: VVCIF) today announced that it has re-purchased for cancellation certain of its outstanding 6% unsecured convertible debentures in the aggregate principal amount of $10 million, for a purchase price of $9.3 million (plus accrued and unpaid interest thereon), representing a 7% discount to the face value, pursuant to an agreement with the holder thereof. The company, as a result of the repurchase, now has Debentures in the aggregate principal amount of $24.5 million due February 28, 2021. “As evidenced by our recent financial results, VIVO continues to enjoy a strong cash position,” VIVO’s Chief Executive Officer Barry Fishman said in the news release. “Repurchasing these debentures at a 7% discount, together with the termination of future interest that would otherwise have accrued to the maturity date of February 28, 2021, will result in savings to VIVO of between approximately $1.25 million and $1.43 million, which will further enable us to pursue our goals of increasing shareholder value and becoming profitable.”

To view the full press release, visit http://cnw.fm/jg9Q7

About VIVO Cannabis(TM)

VIVO Cannabis(TM) is recognized for trusted, premium cannabis products and services. It holds production and sales licenses from Health Canada and operates world-class indoor and seasonal airhouse cultivation facilities with proprietary plant-growing technology in Hope, British Columbia and Napanee, Ontario. VIVO has a collection of premium brands, each targeting different customer segments, including Canna Farms(TM), Beacon Medical(TM), Fireside(TM), Lumina(TM) and Canadian Bud Collection(TM). The company is expanding its production capabilities and distribution network. Harvest Medicine, VIVO’s patient-centric, scalable network of medical cannabis clinics, has serviced over 100,000 patient visits. VIVO is pursuing several partnership and product development opportunities and is focusing its international efforts on Germany and Australia. The company has a healthy balance sheet and is well-positioned to accelerate its path to profitability. For more information, visit www.VIVOCannabis.com.

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

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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CBDNewsBreaks – Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) Announces Consent to Receivership Appointment for CBD Business, Continuation of Cannabis Business in FL, MA and NV

Green Growth Brands (CSE: GGB) (OTCQB: GGBXF) today announced that a special committee of the Board of Directors has concluded the previously announced strategic review process related to the company’s cannabidiol (“CBD”) business. As a result, Green Growth Brands has determined that appointment of a receiver is in the best interest of the company and the creditors of the CBD business. The CBD business is operated by six of the company’s subsidiaries: Green Growth Brands LLC, GGB Beauty LLC, GGB Licenses LLC, Green Growth Brands Realty LLC, GGB Kiosks LLC, and GGB GN LLC, each of which will be subject to the receivership order. The company will continue to operate its cannabis business in Florida, Massachusetts, and Nevada (the “MSO Business”) through its subsidiaries Nevada Organic Remedies LLC (“NOR”), Henderson Organic Remedies LLC (“Henderson”), Wellness Orchards of Nevada LLC, Just Healthy LLC, and Spring Oaks Greenhouses Inc. (collectively, the “MSO Subsidiaries”). NOR and Henderson, which operate the company’s The+Source dispensaries in the Las Vegas, Nevada region, have recently commenced delivery service in response to Nevada Governor Stephen Sisolak’s March 20, 2020 order limiting dispensary operations in the state. None of the MSO subsidiaries nor any of their respective assets will be subject to the receivership order.

To view the full press release, visit http://cnw.fm/yH2xX

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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