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 – Recreational Pot Sales Launch in Maine Delayed Till June

Recreational marijuana sales in Maine will be launched in June, which is three months later than what the state regulators expected. Recreational marijuana was legalized in 2016 through the ballot by voters. Adult-use cannabis legalization was done through the approval of the Marijuana Legalization Act and was expected to be effective in 40 days after its passage.

The delay in launching recreational marijuana sales was due to delays in licensing marijuana businesses and testing laboratories. Maine’s associate commissioner of tax policy, Michael Allen, said that after consultations with the Office of Marijuana Policy, the state’s revenue forecasting committee is expecting cannabis sales tax proceeds to start coming in June, which is three months later than it was previously expected.

However, before legal sales can be launched, the state needs to have at least one lab that is fully operational to make sure that the state is complying with Maine laws governing marijuana safety, purity, and potency. Currently, there is only one lab that is almost fully licensed and four more are considering venturing into the marijuana industry.

Adult-use marijuana businesses must possess licenses issued by the state to start operating, and so far, Maine has received 197 applications. And about 80 of the applications are due for regulatory review. The director of the Office of Marijuana Policy, Erik Gunderson, said that the agency is about to issue the first round of conditional permits.

The applicants must obtain the approval of the local government where they are planning their marijuana retail outlet once they have been issued with the conditional license by the state. Depending on the local government, approval can take from two weeks to one year. The applicants then have to go back to the state regulators to receive an active license once the local jurisdiction has granted permission.

Gunderson further said that after a testing lab has been issued with the permit, permission to operate would be granted once the state regulators have licensed more than one retail shop to be ready to run during the launch.

Gunderson further said that this would allow the products to go through the stipulated testing schedule, manufacturing process, and finally allow retail stores to fully stock their shelves with a wide array of marijuana products. He then noted that he hopes that there would be enough products to cater for the first day, first weekend, and first-week demand. He hopes that they won’t encounter marijuana product shortages like other states, such as Illinois.

Gunderson did not issue a clarification on the number of retail outlets that would be open for business before the permits are issued. Belinda Ray, a Portland City councilor, said that the licensing process is time-consuming.

State officials are expecting to collect a total of $500,000 in cannabis taxes this financial year which ends on June 30, irrespective of the delay in launching adult-use marijuana sales.

It is believed that sector players like Willow Biosciences Inc. (TSX: WLLW) (OTCQB: CANSF) may be unhappy that the people of Maine are being to wait a lot longer than is necessary to access the opportunities that come with cannabis legalization, such as employment opportunities.

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 – Canadian Survey Shows Teen Marijuana Use Has Dropped After Legalization

Although politicians keep issuing warnings about the consumption of marijuana amongst teenagers, surveys show that marijuana consumption among teenagers is dwindling after the recreational legalization of cannabis.

In February, Statistics Canada’s findings showed that marijuana consumption has significantly dropped in adolescents aged 15-17 years by about ten percent, a year after the country legalized adult-use marijuana. And in the U.S., the state of Denver also has similar results.

In a survey carried out in 2019 involving 537 teenagers, Denver City officials were statistically measuring how their High Costs campaign, which is focused on educating the youth about marijuana, has affected marijuana consumption among the young adults. The survey findings revealed that 81% of teenagers in Denver between the age of 13-17 do not use marijuana. And only 18% of the male generation in that age bracket said that they were using cannabis, which is a decrease from the previous year’s findings, 27%.

The executive director of Denver Excise and Licenses, Ashley Kilroy, said that other cities and states turned to Denver to learn how to regulate marijuana after Denver successfully became the first major city to legalize retail marijuana. Kilroy has been responsible for overseeing marijuana regulation in Denver since 2014.

As we near the election day, marijuana legalization has become a hot topic of discussion, and during last week’s Democratic Presidential debate, marijuana legalization took center stage. The issue of teenagers having free access to marijuana and damaging their brain has been a bone of contention at both the state and federal level. Mike Bloomberg, the former Mayor of New York, said that the reason he is opposed to removing marijuana from the Controlled Substances Act is due to the damage it can inflict on the young.

Bloomberg further said that people should listen to doctors and scientists when they say to go slowly on marijuana since there is not enough research or evidence. He noted that it is nonsensical to move ahead with legalization when we do not know the science of cannabis.

A study conducted in Canada showed that adolescents who developed cannabis use disorder (CUD) later in life had increased levels of a brain protein which is connected to Alzheimer’s disease, depression, and neural inflammation. It was also found that consumption of marijuana among young people could lead to decreased cognitive function and that it could be worse than alcohol for young people’s brains.

JAMA Pediatrics published a study that showed that marijuana legalization might discourage teen marijuana consumption. The latest data released by Denver shows that 57% of the teens said that they had not used marijuana before, and 24% said that they have tried cannabis before but are not currently using weed.

Kilroy said that he is hoping that their effort to educate the youth to wait until they are above 21 can be an example that other states across the U.S. should adopt. Use facts instead of scare tactics to educate the youth about marijuana, he adds.

Industry watchers believe that cannabis companies like Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) fully support the approach of being upfront when talking to kids about marijuana since those kids can tell what is true and what isn’t by using the internet.

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CBDNewsBreaks – ChineseInvestors.com Inc. (CIIX) Subsidiary Leveraging Fully Legal, Hemp-Based CBD Product Market in China

ChineseInvestors.com (OTCQB: CIIX) is taking advantage of the legal hemp-based CBD market in China through increased product development and positioning its CBD Biotech Inc. subsidiary as a market leader. An article discussing the company reads, “With few competitors and plenty of room for market dominance, CIIX plans to seize opportunities in the fully legal, hemp-based CBD nutritional and cosmetic product markets in China. While cannabis is still illegal in the country, prohibitory laws do not apply to hemp-based CBD cosmetics. Unaffected by changing regulations, CIIX is able to operate in a stable environment with the freedom to focus investment on the research and development of new CBD products. The company has established a three-year development plan for CBD Biotech in mainland China and has hopes for a Nasdaq IPO in 2020.”

To view the full article, visit http://cnw.fm/8LVZb

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 – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) to Report Q4, Year End 2019 Financial Results on March 10

The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF), a leading producer of premium, certified-organic cannabis, today announced that the company will release its fourth quarter and year end 2019 financial results after market close on Tuesday, March 10, 2020. At 9 AM ET on Wednesday, March 11, 2020, TGODF will hold a conference call featuring CEO Brian Athaide and CFO Sean Bovingdon to discuss the results. A question and answer period will feature analysts following the speakers on the call. To join the conference call, dial 1-416-764-8688 for the Toronto line or 1-888-390-0546 for the toll-free North America line and use conference ID 91797254. To hear a replay of the call, which will be available through March 18, 2020, dial 1-416-764-8677 or 1-888-390-0541 and use the passcode 797254#.

To view the full press release, visit http://cnw.fm/Dvi4Q

About The Green Organic Dutchman Holdings Ltd.

The Green Organic Dutchman (TSX: TGOD) (OTCQX: TGODF) is a premium, certified-organic cannabis company focused on the health and wellness market. Its certified-organic cannabis is grown in living soil, as nature intended. The company is committed to cultivating a better tomorrow by producing its products responsibly, with less waste and impact on the environment. Its two Canadian facilities are built to LEED certification standards, and its products are sold in recyclable packaging. In Canada, TGOD plans to expand its product portfolio by launching a series of next-generation cannabis products such as organic teas, infusers and vapes. Through its European subsidiary, HemPoland, the company also distributes premium hemp-CBD oil in Europe. By leveraging science and technology, TGOD harnesses the power of nature from seed to sale. For more information on The Green Organic Dutchman Holdings Ltd., please visit www.TGOD.ca.

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

About CanadianCannabisWire

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

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420 with CNW – First Utah Marijuana Dispensary Opens in Salt Lake City

On Monday, the state of Utah opened its first medical marijuana pharmacy. This has allowed patients to buy marijuana medicine legally within the state and without having to go to the other states to purchase medical cannabis and sneak the products illegally back to their homes.

The dispensary, which is known as Dragonfly Wellness located at 711 State in Salt Lake City, has marked a milestone for Utah’s medical marijuana program, which has been in the works for nearly 15 months since the voters and the lawmakers approved it.

Speaking at a press conference, the chief strategy officer at Dragonfly, Narith Panh said that for a long while they have been told what and what not to do, and now they have the chance of taking back control of their health, lifestyle, and how they manage their medical conditions.

The head of Utah’s Center for Medical Marijuana, Richard Oborn, said that the state is expected to open 14 dispensaries this year and Dragonfly is one of them.

The restauranteurs behind Sapa Sushi Bar and Grill own Dragonfly, and it is a vertically integrated pot business that has a marijuana farm and a processing facility.

On Friday morning, Oborn said that the state has started accepting applications for medical marijuana cards from patients, and the Department of Health in Utah has already issued 14 patients with medical marijuana cards. Oborn noted that about 300 patients have applied for medical marijuana cards so far.

One of the cardholders, Deanna Denmead, said that although people were using weed all around her in the 1950 and 1960s, she never tried using it because she was afraid of it and believed that it was addictive and acted as a gateway to other hard drugs. Denmead has been using opioids after her hip surgery, and they were making her sick and gave her headaches. She said that she was taking three or four ibuprofen pills at a time for knee osteoarthritis, but they did not manage to alleviate the pain completely.

On Monday, Denmead said that marijuana relieves her of the pain and that she is planning on buying a marijuana-infused salve to rub on the back of her knees and her feet to manage the pain.

An individual must have any of the conditions on the list of qualifying conditions such as cancer, epilepsy, HIV, autism, multiple sclerosis, and chronic pain to be eligible for medical marijuana cards or receive approval from marijuana certified doctors within the state.

Oborn added that they did not have any challenges with the state’s electronic patient portal over the weekend. He also said that the vendors are working together with state officials to fix problems related to website navigation and payment processing. He noted that they would keep improving the site to make it more intuitive and user-friendly.

The marijuana program manager for the Department of Agriculture and Food in Utah, Andrew Rigby, said that now that the sale of medical marijuana has been launched, the licensed marijuana cultivators in the state already have plants growing, and they are prepared to increase production as the program develops.

Dragonfly Wellness has 16 employees and will be open every day of the week from 11 a.m. to 8 p.m. It also has a community center where health professionals will host events to educate people about the use of marijuana as a medicine.

It is widely believed that industry players like Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) are relieved that the medical marijuana industry in Utah is finally off the ground.

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420 with CNW – Ohio Advocates File Measure to Put Pot Legalization on 2020 Ballot

On Monday, marijuana reform advocates in Ohio filed a motion to put a marijuana legalization bill on the 2020 ballot for the voters to decide.

The measure, which is referred to as Regulate Marijuana Like Alcohol, would permit people aged 21 and above to purchase, possess, and cultivate marijuana for personal use. However, possession of cannabis would be limited at one ounce, and individuals would be allowed to cultivate a maximum of six plants, out of which three could be mature.

The petition to put marijuana legalization on the November ballot was filed with the state attorney general a week after it was reported for the first time. The office of the attorney general has ten days to certify the language.

The legislation stipulates that the regulation of the marijuana market and issuing of permits to marijuana businesses would be the responsibility of the Department of Commerce in Ohio.

The bill also authorizes the legislature to impose a special excise tax on all marijuana sales. Twenty-five percent of the tax proceeds would be allotted to the commission whose work is to promote social equity in the marijuana sector. Fifty-percent of the tax revenue would assigned to the State Local Government Fund, and ten percent would divided amongst the jurisdictions that allow marijuana businesses to operate.

During the 2020 elections, the voters would also decide whether through enactment of an ordinance, initiated or referred measure municipalities and towns within the state would be allowed to prohibit marijuana businesses from operating within their region.

The legislation also has a provision aimed at enhancing social equity where the Department of Commerce would be allowed to research to determine whether in the past there was discrimination when the department was issuing marijuana-related permits, as well as whether the effects of the war on drugs has prevented minorities from participating in the medical marijuana industry in Ohio.

In a press release, Tom Haren, the general counsel for the marijuana reform campaign, said that marijuana consumption should be allowed for adults.

For the petition to qualify for 2020, the advocates must gather about 443,000 signatures from registered voters within the state by July 1. The campaign for signature gathering will require extensive funding because of the vast size of Ohio and the fact that the initiative was launched late in the election year.

Since 2015, support for marijuana legalization has increased within Ohio.

The petition committee is comprised of a former NFL player, patients’ advocates, and a mental health specialist.

Anthony Riley, who is a member of the committee, said that for many years, people of color had been the primary targets for marijuana prohibition in Ohio as well as the sick, disabled, and the poor have been mistreated when they tried replacing opioid prescriptions with medical marijuana.

These activists now feel that voters should be given the chance to decide whether recreational marijuana should be legalized in the state or not. Industry watchers believe that cannabis companies like SinglePoint Inc. (OTCQB: SING) will be following events in Ohio closely to see whether the legalization advocates can pull off the signature gathering exercise in the limited time that they have left.

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CannabisNewsBreaks – technical420 Highlights Three Major US Cannabis Markets and Companies Focused on Opportunity

A recent editorial by Anthony Varrell on technical420 titled “3 Major US Markets Driving Headlines For the Cannabis Sector” reviews impressive growth for the cannabis industry despite considerable pressure since early 2019. The article focuses on three of the most significant cannabis markets in the U.S., as well as companies that are focused to capitalize on opportunity. Nevada is mentioned in the article as a tourism driven cannabis market and 1933 Industries (CSE: TGIF) (OTCQX: TGIFF), looking to show visible catalysts for growth. Also highlighted is California, the world’s largest cannabis market, and MedMen Enterprises (CSE: MMEN) (OTCQX: MMNFF), one of the best-known brands laser focused on the state’s cannabis retail opportunity, as well as Colorado, a massive market flying under the radar, and Pure Harvest Cannabis Group (OTCQB: PHCG), a company in the middle of a major expansion and focused on accreditive acquisitions in the state.

To view the full article, visit http://cnw.fm/zn5pZ

About technical420

Technical420 is dedicated to educating investors about the risk and rewards of investing in the cannabis industry. It highlights companies that have the most growth potential by utilizing its proprietary analytics platform. For more information, visit www.technical420.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 – Ignite International Brands, Ltd. (CSE: BILZ) (OTCQX: BILZF) Enters Licensing Agreement with Namaste Technologies, Inc.’s (TSX.V: N) (OTCQB: NXTTF) (FRA: M5BQ) CannMart

Ignite International Brands, Ltd. (CSE: BILZ) (OTCQX: BILZF) recently announced its entry into a licensing agreement with CannMart Inc., a leading online provider of high quality cannabis products and accessories, operating as a wholly-owned subsidiary of Namaste Technologies Inc. (TSX.V: N) (OTCQB: NXTTF) (FRA: M5BQ). According to the update, the agreement grants CannMart a non-exclusive license to utilize certain IGNITE brand trademarks on legal cannabis-based products in consideration for certain royalty payments. “The IGNITE team remains committed to delivering cannabis products to every market we target. We firmly believe working with CannMart will provide quality product offerings and a quicker route to market given CannMart’s competencies,” IGNITE CEO Dan Bilzerian said in the news release. “The IGNITE philosophy aligns with CannMart’s passion to deliver innovative products through its global distribution channels.”

To view the full press release, visit http://cnw.fm/fP3pU

About Ignite

IGNITE is a CSE-listed and OTCQX traded company operating in permissible CBD and cannabis sectors in addition to other product categories such as beverages. IGNITE intends to expand its business, which currently includes branding, marketing, licensing, sales and distribution, across the United States, Canada and United Kingdom into international jurisdictions by leveraging multiple product platforms. The Company intends to affect this expansion through brand leverage, product development, targeted marketing and strategic supply chain partnerships in each of its active and target jurisdictions. For more information, visit the company’s website at www.Ignite.co.

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CBDNewsBreaks – Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) Announces Successful Processing of DehydraTECH(TM)-Enabled Nanoemulsion for CBD Beverages

Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP), a global innovator in drug delivery platforms, on Wednesday announced successful processing of its first DehydraTECH(TM)-enabled liquid nanoemulsion for cannabidiol (“CBD”) beverages for one of its licensed clients. Per the update, Lexaria’s client expects to soon begin distribution of its line of CBD beverages in select stores across the U.S. Emulsified DehydraTECH processing is an additional service Lexaria can now provide to qualifying clients wanting to formulate best in class ready-to-drink beverages containing CBD. As referenced in a February 13 press release, Lexaria recently added this additional capability to its powder production facility.

To view the full press release, visit http://cnw.fm/nw1KU

About Lexaria Bioscience Corp.

Lexaria Bioscience is a global innovator in drug-delivery platforms. The company’s patented DehydraTECH drug-delivery technology changes the way active pharmaceutical ingredients enter the bloodstream, promoting healthier ingestion methods, lower overall dosing and higher effectiveness for lipophilic active molecules. DehydraTECH increases bioabsorption, reduces time of onset and masks unwanted tastes for orally administered bioactive molecules including cannabinoids, vitamins, nonsteroidal anti-inflammatory drugs (“NSAIDs”), nicotine and other molecules. Lexaria has licensed DehydraTECH to multiple companies in the cannabis industry for use in cannabinoid beverages, edibles and oral products, as well as to a world-leading tobacco producer for the development of smokeless, oral-based nicotine products. Lexaria operates a licensed, in-house research laboratory and holds a robust intellectual-property portfolio with 16 patents granted and over 60 patents pending worldwide. For more information, visit the company’s website at www.LexariaBioscience.com.

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

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HempNewsBreaks – MCTC Holdings, Inc. (MCTC) Enters Sales and Distribution Agreement with Sinister CBD LLC for Hemp You Can Feel(TM) Coffee Product Line

MCTC Holdings (OTC: MCTC), a cannabinoid and hemp extract science forward company developing infusion and delivery technologies, today announced its receipt of an initial order from Sinister CBD, LLC for sales and distribution of its Hemp You Can Feel(TM) Coffee product line. Hemp You Can Feel(TM), MCTC’s new product line based on its patent-pending infusion technologies, is the industry’s first 100% natural hemp extract and CBD coffee to be shipped in 100% compostable single-serving coffee pods. Under the agreement, MCTC will private label its coffee products under the Sinister CBD brand name and other brands to be included in subsequent orders. “Hemp You Can Feel(TM) Coffee is a revolution in hemp and CBD infusion products,” MCTC CEO Arman Tabatabaei said in the news release. “Based on only the finest ingredients available anywhere in the marketplace, Hemp You Can Feel(TM) Coffee starts with ultra-premium organic coffee infused with our all-natural, patent-pending dual infusion process. 100% organic green coffee beans are imported from South America directly onsite and we supervise the roasting, grinding, CBD infusion and packaging right at our facility. We then package everything onsite in 100% compostable containers, including the pods and the lids. This green-bean-to-packaged product approach allows us to produce a superior product. We welcome Sinister CBD to the Hemp You Can Feel(TM) Family.”

To view the full press release, visit http://cnw.fm/xyX4q

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. 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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