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 – Sugarmade, Inc. (SGMD) Closes Agreement to Acquire Significant Stake in Sacramento-Based Budcars Cannabis Delivery Service

Sugarmade (OTCQB: SGMD) today announced the closing of an agreement to acquire a significant stake in Sacramento-based Budcars Cannabis Delivery Service, owned by Indigo Dye Group Corp. According to the update, Sugarmade will acquire 40% of Budcars for $700,000 and will be granted an option to purchase an additional 30% stake, providing Sugarmade with a controlling interest in the growing delivery service, which serves the greater Sacramento, California metropolitan area.  “Many of us have seen the multitudes of negative news stories about problems in California’s regulated cannabis industry.  While there certainly are issues, there are also many positive changes happening as state regulators fine-tune the system,” Sugarmade CEO Jimmy Chan said in the news release.  “One of these positive changes is the ongoing crackdown on illegal black-market operators, who have made it difficult for licensed operators to make profits.  As illegal operators are driven out of the market, companies like Budcars will have meaningfully improved business fundamentals.  While this was an important consideration relative to our investment, we are also excited about many other aspects of the Budcars business and its future growth prospects.”

To view the full press release, visit http://cnw.fm/mx1Nh

About Sugarmade, Inc.

Sugarmade, Inc. (OTCQB: SGMD) is a product and branding marketing company investing in operations and technologies with disruptive potential. 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.

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

Do you have a questions or are you interested in working with CNW? Ask our Editor

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CannabisNewsWire is part of the InvestorBrandNetwork.

HempNewsBreaks – MCTC Holdings, Inc. (MCTC) to Launch Debut of Hemp You Can Feel(TM) Coffee Products at White Label World Expo US

MCTC Holdings (OTC: MCTC), a research and development company deploying new extraction and infusion technologies for the cannabinoid and hemp industries, today announced the availability of Hemp You Can Feel(TM) Coffee, the industry’s first 100% natural CBD coffee to be shipped in 100% compostable single-serving coffee pods. In its first public debut of the product line, the Company will exhibit at White Label World Expo US, Las Vegas on February 26 and 27, where, at Booth #45, it will present Hemp You Can Feel(TM) Coffee to thousands of online sellers, suppliers and buyers expected to attend the exhibition. “We invite everyone to stop by our booth at While Label Expo for a free sample of our new coffee products. Hemp You Can Feel(TM) Coffee is a revolution in CBD infusion products,” MCTC Chief Executive Officer 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 are well into production and will be shipping next week in preparation for the Las Vegas event.”

To view the full press release, visit http://cnw.fm/85Cz0

About MCTC Holdings, Inc.

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

More information on the Company can be viewed at www.CannabisGlobalinc.com.

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

About HempWireNews

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

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HempNewsBreaks – SinglePoint, Inc. (SING) Highlighted in Microcap Daily Article

SinglePoint (OTCQB: SING) was recently featured in an article on MicrocapDaily.com, an equity news and research organization focused on micro and small cap companies. The article highlighted opportunities for the company in 2020 and beyond. The article reads, “Currently trading at a $14 million market valuation SING is fully reporting OTCBB with little assets, manageable debt and fast growing sales reporting revenues of $1,050,374 for the three months ended September 30, 2019, a 176% increase over the same period in 2018. SING is an exciting story in small caps having become fully reporting almost one year ago. Direct Solar now has over 60 people deployed across 11 states and 20 cities. In the 3rd and 4th quarters of 2019 SING launched a national proprietary brand, 1606 Original Hemp, which capitalizes on the emerging trend in the smokable hemp market and has already been picked up by distributors and retail outlets.”

To view the full press release, visit http://cnw.fm/mTj7n

About SinglePoint, Inc.

Founded in 2011 SinglePoint, Inc. 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 multi-national 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.

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

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

Please see full terms of use and disclaimers on the HempWireNews website applicable to all content provided by HNW, wherever published or re-published: https://www.HempWireNews.com/Disclaimer

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CannabisNewsBreaks – Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) to Host Q2 Fiscal 2020 Earnings Conference Call on February 24, 2020

Green Growth Brands (CSE: GGB) (OTCQB: GGBXF) on Monday announced that it will report results and host a conference call with Company management for the second quarter fiscal 2020 ending December 28, 2019. The call is scheduled to take place at 5:00 p.m. Eastern Time on Monday, February 24, 2020. Interested parties may access the call by dialing (+1) 416 764 8609 (Toronto), (+1) 778 383 7417 (Local Vancouver) or (+1) 888 390 0605 (North American Toll-Free) and entering Conference ID: 03558055, or via webcast at http://cnw.fm/UqF8v. An archive of the call and replay will be accessible on Green Growth Brands’ Investor Relations website.

To view the full press release, visit http://cnw.fm/S0eFF

About Green Growth Brands Inc.

Green Growth Brands creates remarkable experiences in cannabis and CBD. Led by CEO Peter Horvath and a leadership team of consumer-focused retail experts, the company’s brands include CAMP, Seventh Sense Botanical Therapy, The+Source, Green Lily, and 8 Fold. The Company also has a licensing agreement with the Greg Norman(TM) Brand to develop a line of CBD-infused personal care products designed for active wellness. GGB is expanding its cannabis operations throughout the U.S., via dispensaries in Nevada, Massachusetts and Florida and the largest network of CBD shops in malls across the country and ShopSeventhSense.com. Learn more about the vision at GreenGrowthBrands.com.

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

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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CannabisNewsBreaks – IONIC Brands Corp. (CSE: IONC) (OTC: IONKF) (FRA: IB3) Launches IONIC Brands Investor Group on 8020 Connect Platform; CEO Converts Debt into Shares

IONIC Brands (CSE: IONC) (OTC: IONKF) (FRA: IB3) today announced the launch of the IONIC Brands Investor Group on 8020 Connect Platform. The dynamic 8020 platform’s interactive structure provides an opportunity for shareholders to become a part of the communication process and support the development of the company’s investor audience. In addition, the company announced the conversion of US $100,000 debt at a price of C$0.06 per common share, well above the current market price, by IONIC Brands CEO & Chairman John Gorst. “Over the last five months, our management team has been working diligently, together with our stakeholders, to restructure our operations with a path to profitability. Now that we have completed our restructuring plan, we will be actively communicating our progress with our valued shareholders,” IONIC Brands CEO John Gorst stated in the news release. “Due to our progress in our operations, I have recently converted a portion of my debt into additional shares of the company as filed on SEDAR. I believe in our company, our team, and building shareholder value through profitable operations.”

To view the full press release, visit http://cnw.fm/S4lPy

About IONIC Brands Corp.

IONIC Brands is focused on building a multistate consumer-focused cannabis concentrate brand portfolio focusing on the premium and luxury segments. The cornerstone Brand of the portfolio, IONIC, is the top vaporizer brand in Washington State and has aggressively expanded throughout the West Coast of the United States. The brand is currently operating in Washington and Oregon. IONIC BRANDS’ strategy is to be the leader of the highest-value segments of the cannabis market and expand nationally. For more information, visit the company’s website at www.IONIC.social.

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

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

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

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CannabisNewsBreaks – Radient Technologies Inc. (TSX.V: RTI) (OTCQX: RDDTF) Announces Debenture Financings, Provides Corporate Update

Radient Technologies (TSX.V: RTI) (OTCQX: RDDTF), a global commercial manufacturer of high-quality cannabinoid-based ingredients, formulations and products, on Monday announced a total financing package of up to C$15,400,000. The company has entered a non-binding letter of intent (“LOI”) with an institutional investor to subscribe for up to C$10,400,000 of convertible notes, which will have share purchase warrants attached to them. The notes and accompanying warrants shall be issuable in separate tranches. Pricing for the conversion of the notes and exercise of the warrants for common shares shall be determined at the closing of each tranche. Radient will issue the notes in the principal amount of $2,000,000 for the two initial tranches and will issue notes in the principal amount of $800,000 for each subsequent tranche. The subscription price for each note is 95% of its face value. The notes will bear no interest and will have a maturity date of one month. The conversion price of the notes will be based on the closing volume weighted average trading price at the time preceding signing. The tranches will also include warrants exercisable for a period of one year for the number of common shares equal to 30% of the total commitment. The exercise price of the warrants will be established at each closing and will be priced at a minimum 5% premium to the applicable conversion price for the tranche. There will be no maintenance fees paid and an 8% commitment fee will be paid in shares for the total commitment. The closing of this transaction is subject to due diligence, regulatory approvals including approval of the TSX Venture Exchange and execution of definitive documentation. Radient also announced a C$5 million non-brokered debenture financing. The unsecured debentures have an interest rate of 15% per annum and will mature 12 months from the closing date. The debenture holders will be issued common share purchase warrants equal to 50% of the principal value of the debentures. Each warrant is exercisable into one common share at an exercise price of C$0.70 per share and have a 24-month expiry from the closing date. The debenture financing is expected to close in tranches and is subject to TSXV approval. Radient plans to utilities the proceeds from the financings toward growth initiatives and for general working capital purposes.

The news release also included a corporate update highlighting Radient’s Cannabis 2.0 initiatives and its sale-leaseback transaction. The company plans to launch initial intermediate Cannabis 2.0 products in February 2020, followed by further oil and oil capsule products, THC concentrates, and topical products throughout the next two to three months. Due diligence for the sale-leaseback transaction is largely complete and the parties are advancing to finalizing definitive documentation. The agreement is anticipated to close during the second quarter of 2020. “We are pleased to have this financing along with the sale/leaseback in place as it will allow us to continue along our current growth trajectory, which includes the completion of the building construction of our 89,000 sq. ft Edmonton III facility. In addition, the access to working capital that this financing provides gives us a strong foundation as we continue to accelerate our ‘Cannabis 2.0’ initiatives,” Radient president and CEO Denis Taschuk stated in the news release.

To view the full press release, visit http://cnw.fm/PChL0

About Radient

Radient Technologies is a commercial manufacturer of high-quality cannabinoid-based formulations, ingredients and products. Utilizing a proprietary extraction and downstream processing platform that recovers up to 99% of cannabinoids from the cannabis plant, Radient develops specialty products and ingredients that contain a broad range of cannabinoid and terpene profiles while meeting the highest standards of quality and safety. For more information, visit the company’s website at www.RadientInc.com.

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 – Study Finds Business Innovation and Profits Go Up After Marijuana Legalization

New research shows that in the U.S., many states have been experimenting with different forms of marijuana legalization. The study found that businesses are thriving in states where marijuana is legal.

Researchers at the University of Iowa embarked on a study of the impact of legalization on the economy, and they analyzed 9,810 corporations between 1991 and 2017. The researchers found that after the legalization of medical marijuana, the states experienced a multitude of positive impacts.

The authors of the research said that firms whose headquarters are in a state where marijuana is legal were found to receive higher market valuations. The companies also earned higher and sometimes abnormal stock returns, employee productivity improved, and innovation also increased.

The study, which is yet to be published, shows that having marijuana laws helps unleash the untapped potential of employees as well as attract new talent for the companies.

The research authors also wrote that after marijuana was legalized, companies became more productive because they were able to hire more productive employees from other states.

The study also found that after medical marijuana laws were passed, companies earned a higher net income per employee, and this gain was consistent over the next two years.

The study reveals that the company value increased by 4.2%, which is equivalent to an average increase in the market value of corporations by $166 million, after the enactment of medical marijuana laws.

A positive shock to the human capital after legalization leads to an increase in profitability in firms based in states where marijuana is legal, according to the study authors.

The study found that the stock prices of companies located in jurisdictions where marijuana is legal fared better than those located in states where marijuana is illegal. Besides, firms in medical marijuana states experienced 4.56% increase in their stock value, whereas corporations in jurisdictions where there are no medical marijuana programs showed a loss of about 2% annually.

The research authors suggested that after marijuana laws are approved, companies innovate to ensure that they become more profitable in the wake of the new sector that is likely compete with them for employees and other resources, while their counterparts in regions where cannabis is illegal don’t have that added need to get creative.

The study concludes that not only do companies apply for more patents and receive citations on the said patents after marijuana legalization, but they are also more productive and efficient in generating innovation output from labor and research. There is also an increase in business startups and venture capital financing in jurisdictions that legalize cannabis.

The study also investigated the innovation and productivity of people working, living, and migrating to states where marijuana is legal. And, the authors found that the creativity of the scientists was enhanced after legalization. Compared to before the enactment of medical marijuana laws, the study found that more scientists moved to other states after the passage of medical marijuana legalization.

The study concluded that companies within states where marijuana is legal were able to attract more productive inventors and also saw an uptick in innovation among their employees as a result of the passage of enabling marijuana laws.

Industry watchers believe that not even the well-established marijuana companies like ChineseInvestors.com Inc. (OTCQB: CIIX) would have imagined that legalizing marijuana would have an all-round beneficial effect on profitability and productivity in sectors outside the cannabis industry, but this study proves that this is true.

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 – Netflix Bows to Singapore Government Pressure to Block Marijuana Shows

The majority of us got to see the humanization of marijuana users through film and television, but Singapore is working to make sure that its citizens would not be able to access films with marijuana content. According to a new report issued by Netflix, the company has removed all movies that have marijuana contents as a move to comply with several demands made by the government of Singapore. This included three-pieces of marijuana-themed shows known as Cooking on High, The Legend of 420, and Disjointed.

They also removed Martin Scorsese’s films that had overt drug use and partying themes such as The Last Temptation of Christ and a Brazilian comedy, The Last Hangover. Netflix further disclosed that since 2015, it has received a total of nine take-down requests internationally.

Axios reported first on the issue of censorship this Friday, and since Netflix’s aim is to grow internationally, the company’s intention is to be transparent in the way it handles censorship efforts in the areas they are looking to invest. The company promised that every year, it will be disclosing all the censorship requests. Netflix further said that the content removed would only apply to the country that made the request, and other countries can still access the content.

Singapore is one of the countries known to have the most stringent drug control laws across the globe. Individuals found in possession of even small amounts of drugs are severely punished with a maximum of 10 years in prison or fine of $20,000 or both. Individuals found trafficking drugs are punished through execution.

The national Central Narcotics Bureau (CNB) said countries all over the world are inclining towards the global trends of decriminalization and legalization of marijuana and other drugs, but the government of Singapore isn’t interested in adopting the trends. The bureau further said that marijuana consumption exacts a high cost on society in countries that have approved legalization; therefore, Singapore has harsh laws on use, possession, trafficking, and importation or exportation of unlawful drugs such as marijuana and marijuana products.

The stringent drug policies coincide with a reduction in rates of drug use and substance use disorder, the officials argued.

According to the CNB estimates, the number of drug abusers arrested last year was about 2000 while those detained in the early 1990s was 6,000, which shows the number has reduced by two-thirds since the 1990s. However, although the agency claims that marijuana consumption causes harm to society, the available research on the effects of medical marijuana legalization in the U.S. shows that it does not lead to increased consumption among young adults nor does it have any impact on people participating in more dangerous activities such as smoking tobacco or using alcohol.

Malaysia borders Singapore to the North and in an attempt to treat substance use disorder as a public health issue, Malaysia is considering decriminalizing small amounts of cannabis.

Industry analysts believe that cannabis companies, such as Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF), may be dismayed that Singapore hasn’t yet appreciated the current research on marijuana and how it can be beneficial.

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)

For more information please visit https://www.CNW420.com

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CannabisNewsBreaks – GP Solutions, Inc. (GWPD) Featured in iGrow News Article that Describes Capabilities of Controlled Environment Micro-Farms to Produce Food That Is “Better Than Organic”

GP Solutions (OTC: GWPD), the developer of “GrowPods” – controlled environment automated micro-farms, today announced that it was featured in an iGrow News article that indicates new Controlled Environment Micro-Farms, such as GrowPods, produce food that is “better than organic.” According to the publication, huge misconceptions surround organic food. Organic farms can use certain pesticides, despite popular belief, and the labeling of organic food items can cause confusion because some may contain only a percentage of organic ingredients. The article reads, “Controlled Environment Micro-Farms allow growers to cultivate fruits, herbs, and vegetables in a sealed environment that virtually eliminates the need for pesticides and harmful chemicals.” The article further states that these tightly managed ecosystems “provide higher quality food that’s grown closer to where it will be consumed, which means food arrives ripe and ready to eat, with less cost and environmental impact.”

To view the full press release, visit http://cnw.fm/0rSs2

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.

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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 – Colorado Unveils Plan to Ease Banking Access for Marijuana Industry

On Monday, Colorado Governor Jared Polis unveiled a plan through which he seeks to increase the number of financial institutions conducting business with the legal marijuana industry.

Rep. Ed Perlmutter joined Polis at the press conference for announcing the new legislation “Roadmap to Marijuana Banking and Financial Services.” The Assembly-led legislation was sponsored by Perlmutter, and the legislation’s aim is to protect financial institutions from being punished for transacting with the legal marijuana businesses within Colorado.

Polis said that federal prohibitions on marijuana have forced banks to rejects opening accounts for marijuana businesses, blocking them from accessing financial services. The lack of banking opportunities and other financial services in the states is a significant economic threat. It also serves as a public safety threat because many marijuana businesses are operating on a cash basis, making them vulnerable to attacks by thieves and other criminals.

Polis further said businesses not only in Colorado but the whole of the U.S. need certainty regarding federal rules, and it is their responsibility to do what they can with the tools they have to fix it.

According to the press release, the Roadmap to Marijuana Banking and Financial Services presented by Polis features seven main areas of focus. These include providing clear regulatory guidance, encouraging new and emerging technologies in the financial services sector, minimizing barriers, and upholding consumer protection rights as well as providing state support for commercial businesses looking to explore marijuana banking.

The bill is accompanied by another document which calls for a 20% increase in the number of banks transacting with marijuana companies by June 30. This is one of the goals the state is tracking through an online tool.

For each provision in the plan, the documents describe its strategy, policy action, and status of those objectives.

One of the goals of the plan is to provide financial institutions doing businesses with legal marijuana businesses with guidance and protection.

Another objective of the plan is for the State Attorney General to provide legal guidance under the Money Transmission Action and the Trust Companies Act on service provision as well as guiding the consumers and the cannabis industry. Currently, Colorado is conducting an assessment of the specific issues that need to be addressed, and officials are hopeful that by the spring of 2020, they would have gotten the guidance.

The Executive Director of the Department of Regulatory Agencies Patty Salazar said that Colorado financial institutions are afflicted by uncertainty and apprehension to provide financial services to state-legal marijuana businesses due to lack of federal clarity. Through the roadmap, banks and credit unions can explore whether or not to offer financial services to the marijuana industry.

During the press conference, Perlmutter, who sponsored the SAFE Banking Act, said that Colorado had been a leader of marijuana banking issues from the start, and with the roadmap presented by the governor, it remains a leader.

Perlmutter further said that he is optimistic about the legislation being approved by the Senate Banking Committee and the full chamber. Mike Crapo (R-ID), the Banking Committee Chair, highlighted some of the amendments he wanted to make as well as those suggested by industry stakeholders.

Industry watchers think that the entire industry, including companies like Willow Biosciences Inc. (TSX: WLLW) (OTCQB: CANSF) and Dama Financial are optimistic that with or without federal support, states where marijuana is legal will eventually work out a viable solution to the banking bottleneck faced by the industry.

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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