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 – Why Have a Medical Cannabis Card if Recreational Pot is Legal?

With more and more states legalizing medical marijuana, and the laws differing from state to state, medical marijuana cardholders and applicants should review state and local regulations to avoid breaking them.

As recreational marijuana laws within the states are passed, the state medical marijuana programs tend to suffer. Data from medical marijuana programs in Colorado and Oregon show that the number of patients in the MMJ database started declining months and years after its legalization of recreational marijuana. Although the medical market still serves its purpose, the purchasing of marijuana shifts towards the recreational market. Depending on state laws, medical marijuana cardholders continue to enjoy the benefits of being part of the state’s medical marijuana program.

Below are the benefits medical marijuana cardholders might enjoy even after the legalization of recreational marijuana.

Priority over Recreational Customers

Having a medical marijuana card gives you precedence over recreational consumers.

Compared to recreational customers, medical marijuana patients must be served immediately in case of any shortages. This provision was passed in Nevada and Illinois, as they allowed medical marijuana patients to bypass the long lines in the dispensaries, which make buyers to take several hours to be served. In such cases, patients are advised to contact a staff member for medical patient access.

Besides, Illinois gives priority to the medical market when supplying cannabis.

Taxes

Depending on the state, medical cardholders are provided with tax breaks. In some states, medical marijuana cardholders do not pay any fee, while in other states, they are provided relief on pricey marijuana, as well as waivers on additional excise taxes.

Accessibility of Adult-Use Shops by Underage Patients

Patients who are approved by the state can enter and purchase medical marijuana products from the retail stores. If a consumer does not have a medical marijuana card, they must wait until they are either 18 or 21 depending on the state’s medical marijuana program provisions.

Also, underage patients cannot go to a dispensary alone to buy medical weed; they must be accompanied by their guardian or designated caregiver.

The Products are More Potent than for the Adult-Use Market

Some medical marijuana patients require a higher dosage of marijuana than the permitted dosage for the recreational market. Therefore, if they were to buy from the recreational market, it would mean that they would not get relief from their medicine. However, with a medical marijuana card, some states waive the limit placed on purchasing, allowing medical marijuana patients to access products that would otherwise be unavailable to the recreational market.

As you can see, many reasons exist to explain why you still need to get a medical marijuana card even if recreational marijuana has been legalized where you live. Experts say you could also learn a lot about these two pot markets (recreational vs. medical sector) by reading the information put out by various companies, such as Willow Biosciences Inc. (TSX: WLLW) (OTCQB: CANSF).

About CNW420

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

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

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CannabisNewsBreaks – Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Focused on Driving Near-Term Revenue

Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1), a company committed to providing premium-cannabis brands and products, recently provided an update on its strategy and outlook for the remainder of fiscal 2020. An article discussing the company reads, “Supreme Cannabis reiterated its strategy to transition from a business-to-business model to a consumer-facing, premium-cannabis business. A focus on expanding its consumer-facing product portfolio is expected to drive near-term revenue with new high-quality brands and products for a variety of consumers hitting the market in the coming months. This expanded portfolio will be supported by an innovative sales model that achieves comprehensive distribution to cannabis retailers across Canada. . . . ‘As we realign our structure and expectations with the current state of the industry, I maintain my strong belief in Supreme Cannabis’ ability to drive near-term revenue growth, profitability and long-term value with new high-quality brands and products at every key price segment,’ Supreme Cannabis interim president and CEO Colin Moore stated in a news release. ‘I’m proud of the team’s progress and difficult work rightsizing the company’s cost structure and focusing the business on near-term revenue drivers. As one of the few licensed producers with completed cultivation infrastructure and in-house, value-added processing capabilities, as well as proven premium brands in the recreational market, we are well positioned to accelerate our CPG-focused transition. Our strong liquidity position, including the credit facility arranged by a tier-one bank, further ensures we have the capital necessary to execute going forward.’”

To view the full article, visit http://cnw.fm/qGu6p

About Supreme Cannabis Company Inc.

Supreme Cannabis (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) is a global, diversified portfolio of distinct cannabis companies, products and brands. Since 2014, the company has emerged as one of the world’s fastest-growing, premium, plant-driven lifestyle companies. Supreme Cannabis’ portfolio of brands caters to diverse consumer experiences, with brands and products that address recreational, wellness, medicinal and new-consumer preferences. The company’s brand portfolio includes 7ACRES, Blissco, Truverra, Sugarleaf by 7AC and Khalifa Kush Enterprises Canada. Supreme Cannabis’ brands are backed by a focused suite of world-class operating assets that serve key functions in the value chain, including scaled cultivation, value-add processing, centralized manufacturing and product testing, and R&D. For more information, visit the company’s website at www.Supreme.ca.

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

About CanadianCannabisWire

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

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CannabisNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) Broadening Portfolio to Reach New Demographics

Plus Products (CSE: PLUS) (OTCQX: PLPRF), a cannabis and hemp-branded products company in California, recently reported plans to increase its brand portfolio in Q1 2020 to target consumers beyond its main demographic (http://cnw.fm/7AcMk). An article further discussing the company’s growth plan reads, “According to the company’s investor presentation, PLUS expects to release two new lines this year: one falling in the get-high, have-fun space and one falling in the wellness/relief category. Specific details are still to come, but PLUS has built a reputation for producing superior products that become top sellers within months of release.”

To view the full article, visit http://cnw.fm/JwcY1

About Plus Products Inc.

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

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

About CanadianCannabisWire

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

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

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

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HempNewsBreaks – SinglePoint, Inc. (SING) Launches Hand Sanitizer Infused with Hemp Seed Oil

SinglePoint (OTCQB: SING) today announced the launch of Klen Hands. Customers can subscribe and preorder now, and shipments are expected to leave the company’s Carlsbad facility in approximately 10 business days. There is a limited supply, which the company anticipates will sell out quickly. The hand sanitizer has 62% ethyl alcohol to keep hands “klen” (clean), as well as hemp seed oil to keep hands soft and hydrated. “We are working to develop solutions for both product and technology in order to assist in the effort of combating COVID-19. As many people know our company has deep ties to the Washington State area. We believe we can provide solutions in the near term to help with the dissemination of current, reliable information and in the interim use our facilities to develop products such as hand sanitizer. We will be releasing additional resources for individuals in the coming weeks,” SING CEO Greg Lambrecht stated in the news release.

To view the full press release, visit http://cnw.fm/fN1ZQ

About SinglePoint Inc.

Founded in 2011, SinglePoint invests in and acquires brands and companies that will benefit from injection of growth capital and the sales and marketing expertise of SinglePoint. The company portfolio currently includes solar, hemp and technology applications. SinglePoint is working to grow the company to a multinational brand. For more information, visit the company’s website at www.SinglePoint.com.

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

About HempWireNews

HempWireNews (HWN) is a dedicated information provider focused on (1) aggregating hemp-related news, (2) issuing HempNewsBreaks designed to update investors on the latest developments in the hemp market, (3) enhancing corporate news releases, (4) providing full-service distribution and social media offerings to public and private client-partners and (5) designing and implementing all-inclusive corporate communication solutions. HNW is strategically positioned within the rapidly expanding hemp sector with a team of journalists working to help a growing roster of public and private companies reach a wide audience of investors, consumers and members of the media. We leverage a vast network of more than 5,000 key syndication outlets to deliver unparalleled visibility, recognition and content to the hemp industry. HempWireNews (HWN) is where HEMP news, content and information converge.

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CBDNewsBreaks – ChineseInvestors.com Inc. (CIIX) CEO Unveils New CBD Products on MoneyTV with Donald Baillargeon

ChineseInvestors.com (OTCQB: CIIX) was featured on this week’s episode of MoneyTV with Donald Baillargeon. The internationally syndicated program, viewed in over 200 million households and more than 75 countries, covers money-focused topics and features in-depth interviews with CEOs and executives that offer insights into various companies and their operations and future outlooks. Among other highlights, this week’s program featured CIIX CEO Warren Wang as he discussed the launch of two new products through the company’s China-based subsidiary, CBD Biotech. Wang unveiled details, referring to a recent press release, and further discussed the company’s new hemp-infused spray, designed to create an isolating barrier in public places.

To view the full press release, visit http://cnw.fm/8xVhc

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 – SinglePoint, Inc. (SING) CEO Discusses Successful NYC Trip on MoneyTV with Donald Baillargeon

SinglePoint (OTCQB: SING) was featured on this week’s episode of MoneyTV with Donald Baillargeon. The internationally syndicated program covers money-focused topics, featuring various companies and in-depth interviews with CEOs and executives that offer insights into operations and future outlooks. MoneyTV is viewed in over 200 million households in more than 75 countries. Among other highlights from this week’s program, SinglePoint CEO Greg Lambrecht discussed a successful NYC trip. “As a lot of the shareholders know, this is going to be two years now that SinglePoint is fully reporting and, as discussed before, it looks like we’re going to show revenues of $3.3 million,” Lambrecht said during the program. “In going to New York this time, we were able to get five or six meetings with mid-tier investment groups, and they’re very interested in SinglePoint and taking us to the next exchange, whether that’s the Nasdaq or the New York Stock Exchange.”

To view the full press release, visit http://cnw.fm/Z4Pob

About SinglePoint Inc.

Founded in 2011, SinglePoint invests in and acquires brands and companies that will benefit from injection of growth capital and the sales and marketing expertise of SinglePoint. The company portfolio currently includes solar, hemp and technology applications. SinglePoint is working to grow the company to a multinational brand. For more information, visit the company’s website at www.SinglePoint.com.

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

About CannabisNewsWire

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

To receive instant SMS alerts, 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

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420 with CNW – Canada Defends Cannabis Legalization Amidst International Skepticism

Canada has defended marijuana legalization amidst global scorn and said that since legal marijuana sales started in 2018, the black market has lost about 30% of its market share to the legal market, and the frequency of marijuana consumption has not changed among the youths as well as the young adults.

Last week on Monday, the director-general for Health Canada Michelle Boudreau delivered the remarks above to the UN Commission on Narcotic Drugs. Boudreau’s comments show that Canada’s decision to legalize marijuana was of benefit for public health, irrespective of the ongoing criticism from some countries.

Canada approved the legislation legalizing recreational marijuana nationwide in 2018. This move undermined international drug treaties that prohibit marijuana legalization, but still, Canada proceeded with the legalization.

Boudreau also encouraged other countries to legalize marijuana in her remarks, and this riled the UN officials. However, she retorted against international concerns that cannabis legalization would compromise public health and the young generation.

According to a written copy of her remarks, Boudreau further noted that the black market has already lost 30% of its market share, which is equivalent to $2 billion in sales that did not go to the criminal organizations. She also said that they have not seen any increase in the overall size of the illicit market.

The initial data shows that the frequency of marijuana consumption among the youth and young adults has not changed, and the country has not noticed an increase in trafficking marijuana across international borders since legalization.

Boudreau further said that they would continue gathering and evaluating data to determine the impact of Canada’s new regulatory frameworks as well as ensuring that the data is used in future decision making.

In its annual report, the UN International Narcotics Control Board expressed skepticism around marijuana legalization and said that it is concerned with the legislative developments allowing the use of marijuana for recreational purposes as this is in contradiction with the drug control policies and commitments made by the state parties. The UN further wrote that cannabis could be harmful to the health and wellbeing of individuals, especially the young generation.

There is a possibility of the global drug policy changing in the near future since many agencies, including the president of INCB, Cornelis .de Joncheere is wondering if the provisions are out of date. The global ban on marijuana legalization is contained in the 1961 Single Convention on Narcotic Drugs, and those provisions prohibiting marijuana legalization are nearly 60 years old.

In her remarks to the UN, Boudreau said that her country is making an effort to reduce the stigma surrounding marijuana consumption by including members of the civil society who have lived with as well as those still living with the experience of substance abuse in their delegation.

Boudreau further said that although her country is violating international agreements on marijuana legalization, they have a strong partnership with the UN Office on Drugs and Crime, where they help fight illegal trafficking of opioids, their precursors, as well as other synthetic drugs through Smart Lab and AIRCOP projects. Canada also contributes to the Container Control Program, which helps in the seizure of illegal drugs and the interception of cash couriers.

It would be eye-opening to hear what established companies like MCTC Holdings Inc. (OTC: MCTC) have to say about the spirited defense that Canada put up against the criticism leveld at it by the international community.

About CNW420

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

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

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420 with CNW – Pennsylvania to Launch Cannabis Research at 8 Universities

Eight Pennsylvania universities are launching marijuana studies in collaboration with marijuana producers. Kent Vrana, who is a researcher at Penn State, said that since the research is being partially funded by the medical marijuana industry, the program is unique.

Vrana further said that the Commonwealth of Pennsylvania is using tax dollars to fund the research. Vrana serves as the chairman of the department of pharmacology at Penn State College of Medicine, which is based in Hershey.

Although marijuana is legal in both medical and recreational forms in many states, Pennsylvania’s medical marijuana law also includes the research program. Vrana is optimistic that good things will emerge from the research program.

Each of the eight research programs is supposed to enter into a contract with a marijuana producer, grower, and processor, as well as own a dispensary license. The cannabis producer is referred to as a clinical registrant as per the law.

Below are some of the collaborations between the universities and clinical registrants:

  • Drexel University College of Medicine contracted Agronomed Biologics LLC.
  • Lewis Katz School of Medicine at Temple University contracted Laurel Harvest Labs LLC.
  • Penn State College of Medicine contracted PA Options for Wellness Inc.
  • Sidney Kimmel Medical College at Thomas Jefferson University contracted MLH Explorations LLC.
  • The Perelman School of Medicine at the University of Pennsylvania contracted Curaleaf PA LLC.
  • Lake Erie College of Osteopathic Medicine contracted CannTech PA LLC
  • Philadelphia College of Osteopathic Medicine is working with Organic Remedies Inc.

The University Of Pittsburgh School Of Medicine is the eighth research program, and its proposed clinical registrant was not approved by the state, although its application would be resubmitted under an extended deadline within which they are required to meet the additional requirement to qualify as their partner.

The Health Department announced that all the eight medical schools and the marijuana companies would meet in March to finalize their research plans.

Penn State research would be about developing a database that would assist in comparing responses among patients whose medical ailments improved because of marijuana consumption while its partner clinical registrant, PA Options for Wellness Inc., would be conducting double-blind clinical trials under the supervision of experts at Hershey’s medical school, Vrana said.

Vrana further said that the double-blind clinical trials are the scientific gold standard. The patients who will be volunteering for the clinical trial would be divided into two groups, with one group receiving marijuana while the other group would be given an inert compound, referred to as a placebo. Only the physician can identify the patients receiving medical marijuana.

The study will then compare the responses and symptoms of patients in both groups.

Vrana further explained that since marijuana is still a controlled substance federally, conducting marijuana research is challenging. Therefore, placing the clinical trial under PA Options for Wellness protects the university.

The university is also partnering with a dispensary which would be responsible for dispensing the medical marijuana to the study participants.

Penn State is also researching cell cultures and animal studies to determine the dosage and various combinations of marijuana chemicals such as THC and CBD.

Drexel University and Agronomed Biologics LLC will be enrolling patients to determine the effects of marijuana consumption on several medical conditions and symptoms.

Lake Erie and CannTech PA will study how medical marijuana consumption can alter patients’ patterns of opioid use.

All this research is supposed to provide scientific evidence on the benefits of marijuana. Experts hope that the different studies will provide some clarification regarding the benefits that members of the cannabis industry, such as SinglePoint Inc. (OTCQB: SING), have believed to be possible benefits of marijuana.

About CNW420

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

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CannabisNewsBreaks – Sugarmade, Inc.’s (SGMD) BudCars Sees Sharp Rise in Delivery Demand as Coronavirus Impacts Cannabis Consumer Patterns

Sugarmade (OTCQB: SGMD), together with the BudCars Cannabis Delivery Service, today announced a sharp rise in demand for its cannabis delivery service, driving an associated 10% week-over-week rise in total sales over the past two weeks. According to the update, the company believes this dynamic is being driven by the stay-at-home trend that has emerged in many communities around the world in response to the global COVID-19 outbreak. “The Coronavirus pandemic is undeniably a game-changer for consumer behavior patterns that will likely have long-term implications as it drives new habits into place,” Sugarmade CEO Jimmy Chan, who recently announced a large stake in BudCars with an option for a controlling stake, said in the news release. “As a growing mobile ecommerce and delivery service in one of the fastest growing commercial markets, BudCars is extremely well-positioned for this dynamic. It’s already very clear: people are showing an overwhelming preference toward delivery as nesting takes hold. That applies to cannabis as much as anything else. We are fully prepared for a continuous ramp in demand for our delivery services over coming months and beyond.”

To view the full press release, visit http://cnw.fm/r1l3I

About Sugarmade, Inc.

Sugarmade, Inc. (OTCQB: SGMD) is a product and branding marketing company investing in operations and technologies with disruptive potential. The company’s portfolio includes CarryOutsupplies.com, SugarRush(TM) and Budcars.com. For more information, visit the company’s website at www.Sugarmade.com.

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

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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HempNewsBreaks – Youngevity International, Inc. (NASDAQ: YGYI) Exploring Divestiture of Direct Selling Business Unit to Original Founders

Youngevity International (NASDAQ: YGYI), a leading multi-channel lifestyle company operating in three distinct business segments including a commercial coffee enterprise and a commercial hemp enterprise, today announced that it is exploring the divestiture of its direct selling business unit back to the original founders of the direct selling division. According to the update, YGYI has entered into a non-binding term sheet regarding a potential transaction with Steve and Michelle Wallach, and its board of directors has formed a special committee consisting of all of its independent directors to review and consider the terms of the proposed transaction. An investment banking firm has been engaged by the special committee to review the fairness of the proposed transaction to stockholders. “I believe that the potential of this divestiture strengthens the opportunity for all stakeholders and the focus that this will bring to the various divisions will allow both the public company and the direct selling division to thrive and better leverage their core competencies. The sales and supply agreements that will exist between the two entities, post divestiture, should allow for a seamless transition that benefits both companies,” Youngevity CEO Steve Wallach said in the news release. “The trust and respect and the strong relationship we have built with our President and CFO, Dave Briskie, provides us with a great deal of optimism that this potential transaction can provide a long-term beneficial relationship between our companies and all stakeholders.”

To view the full press release, visit http://cnw.fm/Z5Owj

About Youngevity International

Youngevity International, Inc. (NASDAQ: YGYI), 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, visit the company’s website at 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

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