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

CBDNewsBreaks – Pressure BioSciences, Inc. (PBIO) Announces Official Opening of its Ultra Shear Technology(TM) Demonstration Laboratory

Pressure BioSciences (OTCQB: PBIO), a leader in the development and sale of broadly enabling, pressure-based instruments, consumables, and platform technology solutions to the worldwide biotechnology, biotherapeutics and other industries, today announced the official opening of its new Ultra Shear Technology(TM) (“UST”) Demonstration Laboratory. According to the update, the major purpose of the UST Demo Lab, located in the company’s South Easton, Massachusetts facility, is to showcase the ability of the company’s revolutionary UST Platform to process CBD oil into true, high quality, water-soluble nanoemulsions. A second purpose is to invite potential purchasers of Pressure BioSciences’ UST-based BaroShear Systems (initial release expected Q4 2020) to evaluate how their CBD and other product formulations work with the company’s revolutionary UST platform. “The initial reactions from manufacturers of topical and ingestible cannabidiol products processed in our lab during the trial period have been extremely positive. They quickly saw how they could realize substantial cost reductions while eliminating the overloading of poorly water-soluble CBD and other cannabinoids into products to achieve targeted dosing levels,” PBIO President and CEO Richard T. Schumacher said in the news release. “We believe our breakthrough technology platform provides them with a new-found ability to provide safe and effective dosing for their customers, which in turn should stimulate greater growth in the market for CBD-based products overall, and strong sales of our BaroShear product line when it is released to the market later this year.”

To view the full press release, visit http://cnw.fm/bKZ7t

About Pressure BioSciences Inc.

Pressure BioSciences is a leader in the development and sale of innovative, broadly enabling, pressure-based solutions for the worldwide life sciences industry. The company’s products are based on the unique properties of both constant (i.e., static) and alternating (i.e., pressure cycling technology, or “PCT”) hydrostatic pressure. PCT is a patented, enabling technology platform that uses alternating cycles of hydrostatic pressure between ambient and ultra-high levels to safely and reproducibly control bio-molecular interactions (e.g., cell lysis, biomolecule extraction). PBIO’s primary focus is in the development of PCT-based products for biomarker and target discovery, drug design and development, biotherapeutics characterization and quality control, soil and plant biology, forensics and counter-bioterror applications. Additionally, major new market opportunities have emerged in the use of its pressure-based technologies in the following areas: (1) the use of its recently acquired, patented technology from BaroFold Inc. (the “BaroFold” technology) to allow entry into the biopharma contract services sector, and (2) the use of its recently patented, scalable, high-efficiency, pressure-based Ultra Shear Technology (“UST”) platform to (i) create stable nanoemulsions of otherwise immiscible fluids (e.g., oils and water) and to (ii) prepare higher quality, homogenized, extended shelf-life or room-temperature, stable low-acid liquid foods that cannot be effectively preserved using existing nonthermal technologies. For more information, visit the company’s website at www.PressureBiosciences.com.

About CBDWire

CBDWire (CBDW) is a specialized information provider focused on (1) reporting CBD-related news and updates, (2) releasing CBDNewsBreaks crafted to keep investors abreast of the latest and greatest in the CBD market, (3) refining and enhancing corporate press releases, (4) delivering end-to-end distribution and social media services to client-partners and (5) constructing effective corporate communication solutions based on the unique requirements of CBD companies. CBDW is exclusively positioned in the burgeoning CBD sector with a proven team of journalists and researchers working to deliver high quality content to an expansive target audience of investors, consumers and industry news outlets. Our dissemination network of over 5,000 downstream distribution points allows us to deliver unparalleled reach, visibility and recognition to companies operating in both cannabidiol and the wider cannabis space. CBDWire (CBDW) is where CBD news, content and information converge.

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CannabisNewsBreaks – GP Solutions, Inc. (GWPD) Offers Safe Alternative to Traditional Potting Soils

GP Solutions (OTC: GWPD), the developer of “GrowPods” – controlled environment automated micro-farms, on Wednesday announced that its signature growth medium, Prolific, is an excellent substitute to other regularly used potting soils. Following the recent untimely death of an avid gardener who was diagnosed with Legionnaires’ disease after encountering contaminated soil, the safety of potting soils has been examined. According to recent article on CNN.com, potting mix is known to carry harmful bacteria and fungi. Prolific, however, is a unique, bio-active soilless growth medium that contains no human and sewage waste. The reusable growth medium contains the finest quality ingredients, including coconut coir, alfalfa, kelp, volcanic perlite, and sphagnum peat moss. It provides growers a level of safety and the ability to grow clean, organic “superfoods.” Prolific is available for purchase on Amazon.com.

To view the full press release, visit http://cnw.fm/o1n0K

About GP Solutions, Inc.

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

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

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

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420 with CNW – First Month of Illinois Recreational Pot Sales Earn the State $10M in Taxes

The first month of legal recreational marijuana sales in Illinois raked in more than $10 million in sales tax.

The Department of Revenue in Illinois said that the legal sales were so strong such that they expect to surpass their original and conservative estimate for the first half year of sales. They are optimistic that they are going to collect more than $28 million from taxes on marijuana sales within the first six months of adult-use marijuana sales.  Despite the shortages that plagued the state during the first month of legal sales, the state said that the retailers sold $40 million in cannabis.

According to the state, $7.3 million was collected from weed-specific taxes, while $3.1 million was collected in standard fees, which is also charged on marijuana sales.

During the financial year 2021, which starts on July 1, the state expects to collect $127 million in marijuana taxes. And, it will be the first full year of legal adult-use marijuana sales within the state.

Different types of taxes are imposed on marijuana sales. For example, 10% to 25% is imposed at the retail point of purchase, and this varies depending on the THC concentration in the product. The consumers bear the tax. THC is responsible for inducing the high associated with pot. The state also charges 7% tax on the cultivators at the point of sale to retailers.

During the first month of marijuana sale in Illinois, consumers were paying approximately 27% in combined sales taxes on retail purchases.

The state would also start collecting taxes on behalf of the cities and counties from July 1, and they are allowed to charge a 3% tax on all marijuana sales. According to the Tax Foundation, Illinois’ overall tax rate would place Illinois taxes below Washington, whose overall tax charge is 37% and above Colorado’s 30%.

Half of the tax revenue earned from marijuana sales will be used in communities that were most affected by drug arrests, violence, poverty, and substance abuse, as well as funding mental health treatment. The remaining tax proceeds will be divided between the state’s general revenue fund and local governments.

In comparison, Michigan launched the sale of legal adult-use marijuana on December 1 and the state sold about $6.5 million worth of weed during the first month. The state expects the industry to multiply as more retail outlets are licensed. According to the Michigan Regulatory Agency, the state collected a little over $1 million in sales and excise fees from its first month of sales.

Experts say that the entire cannabis industry, including sector players like Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF), will be vindicated in their belief that marijuana legalization brings untold economic benefits to states and other jurisdictions where it is permitted.

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 – Survey Shows More Older Adults Are Embracing Marijuana

Data from a new study shows that more older adults are using one or more marijuana product, but their doctors are not ready to discuss marijuana use with this demographic.

The new study findings published in JAMA Internal Medicine showed an increase in the percentage of adults above the age of 65 who said that they had consumed some form of marijuana within the past year. The increase was 75% higher in 2018 than it was in 2015; 4.2 % of the adults said that they had used marijuana in the past year. Marijuana consumption among the older generation has been increasing drastically since 2006 when it was recorded that less than 0.5 percent of the older generations were using cannabis.

The study author and geriatrician Benjamin Han said that the current trend in consumption of marijuana among older patients was not there ten years ago since no patient of his asked him about marijuana use ever. Han further said that marijuana questions are common questions in the clinic today. Han is an assistant professor in the division of geriatric medicine and palliative care at the New York University School of Medicine. Han said that patients ask him about marijuana consumption about once a week. He noted that there is a significant interest in the use of marijuana amongst the older generation.

The survey used data from the National Survey on Drug Use and Health and included responses from more than 14,000 people who participated in the study. Han said that the survey did not ask the older adults why they chose to use cannabis. But from his perspective, it may probably be because of the legalization of medical and adult-use marijuana as well as destigmatization of cannabis. It may also be attributed to the availability of more and more information on the use of marijuana in treating chronic conditions.

The survey revealed that a large percentage of people who have diabetes were using marijuana, probably because it helped in managing nerve pain which can be triggered by chronic pain. Han also said that an increased use of marijuana was also noted in cancer patients.

However, the study did not ask the respondents if they had arthritis, Parkinson’s disease, or chronic pain, which are all qualifying conditions, and people use marijuana to treat these ailments. A 2019 study found that older adults used marijuana to manage chronic pain, but the study did not capture all the chronic conditions that affect the older generation.

Han further said that despite the increased use of marijuana among the older generation, doctors were still not comfortable talking about weed with patients. This is mainly because of the lack of enough evidence on its medical use since older adults are usually excluded from clinical trials. Doctors should offer these patients with consultation services before they consume marijuana. This is because they are more vulnerable to the effects of THC. Furthermore, weed might react negatively with other prescription drugs, and since older patients with chronic conditions tend to take more medication, a doctor’s advice is essential.

It would be eye-opening to hear what established cannabis companies like Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) have to say regarding the best way to get medical professionals to guide older adults as they use different forms 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 – Choom(TM) Holdings Inc. (CSE: CHOO) (OTCQB: CHOOF) Announces Opening of Next Licensed Cannabis Retail Store in Calgary, Alberta

Choom(TM) (CSE: CHOO) (OTCQB: CHOOF), one of Canada’s leading recreational cannabis retailers, on Tuesday announced the opening of its next licensed cannabis retail store in Calgary, AB. The store, opening in the bedroom community of Shawcliffe, is Choom’s first retail store to open in Calgary, as well as its 14th store in Alberta and 15th location in Canada. “We are very pleased to be opening our first location in the City of Calgary,” Choom CEO Corey Gillon said in the news release. “This new location is another example of the continued commitment to our growth strategy and the vision of sharing our unique retail experience across Canada.”

To view the full press release, visit http://cnw.fm/ZW6jh

Say Hello to Choom(TM)

Choom(TM) is an emerging adult use cannabis company whose mission is to establish one of the largest retail networks in Canada. The Choom brand is inspired by Hawaii’s “Choom Gang”—a group of buddies in Honolulu during the 1970s who loved to smoke weed—or as the locals called it, “Choom”. Evoking the spirit of the original Choom Gang, its brand caters to the Canadian adult use market with the ethos of “cultivating good times.” Choom(TM) is focused on delivering an elevated customer experience through its curated retail environments, offering a diversity of brands for Canadians across a national retail network. For more information, visit www.Choom.ca.

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 – Michigan Sees 29% Sales Growth for Recreational Marijuana in January

A statistical report on marijuana is published every month, and Michigan has released its report for the month of January. The report shows that in the month of January, adult-use marijuana sales in the state continued to grow at a steady pace.

In January, adult-use sales rose to $9.8 million while previously in the month of December, the sales were $7 million. Michigan launched recreational sales of marijuana on December 1.

For the month of January, the state will collect approximately $1.63 million in adult-use marijuana tax proceeds. Excise tax, which is 10%, accounts for $980,000 and $646,800 in sales tax.

The first $20 million earned in the first two years after the launch of adult-use marijuana sales would be used to fund research into cannabis use in the health care industry. Fifteen percent of the remaining amount from tax revenue would be allotted to cities, towns, or villages that allow the sale of marijuana within their jurisdiction. The proportions would be based on the number of micro-businesses and retailers operating in the regions. Another fifteen percent would also be allotted to counties based on the number of marijuana small businesses and retailers operating in the area. Thirty-five percent would be allocated to the School Aid Fund for K-12 education, and the remaining 35% would be assigned to the Transportation Fund for road and bridge repair within Michigan.

There was a slight increase in medical marijuana sales in the month of January ($25.2 million) up from $24.9 million in December.

It was also noted that the average cost of retail adult-use marijuana dropped from $516 per ounce in December to $512 per ounce in January, while the average price of medical marijuana increased to $276 per ounce in January from $267 per ounce in December.

In January, the Marijuana Regulatory Agency approved 24 new permits for adult-use marijuana licenses, which was less than the 32 permits approved in December. The agency also approved 53 medical marijuana dispensary licenses in January, which was an increase from 29 medical cannabis permits issued in December.

The agency also rejected three medical marijuana and nineteen adult-use marijuana applications.

Although the state experienced about 30% increase in recreational marijuana sales in January, the cost of administering licensing and registration of programs increased by 20%.

In January, Michigan spent $766,910 on medical licensing, which was an increase from $655,109 in December. While recreational marijuana licensing cost the state $556,892 in January, an increase from $444,720 in December. And, $280,389 went to the patient-caregiver registry in December but this increased to $412,419 in January.

The overall cost for Marijuana Regulatory Agency programs increased to $1.74 million in January from $356,000 in December, and about $1.16 million was used to pay salaries and benefits to the employees.

These costs are expected to level off while product sales and tax collections increase, so the future outlook is a positive one. Experts say this positive outlook is exactly when cannabis industry players, such as ChineseInvestors.com Inc. (OTCQB: CIIX), have come to expect in all states that legalize 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.

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

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Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW420, wherever published or re-published: http://CNW.fm/Disclaimer

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420 with CNW – Consumers Seem to Be Gravitating Toward Cheap Marijuana, for Now

Marijuana consumers are considering their wallets when purchasing weed, and all they want is cheap marijuana with high THC content.

In the past few years, several marijuana companies have developed high-quality, premium products, and these products are displayed on dispensary shelves. The companies believed that marijuana consumers would prefer luxurious marijuana products, just like the way beer consumers gravitate toward craft beer and aged whiskey in the spirits industry. The older generation and newbies are most likely to buy top-of-the-line marijuana to ease their concerns about the new world of cannabis, the companies thought.

Some of the marijuana companies thought that consumers would purchase a gram of weed at $100, but this is not happening. After Canada launched its marijuana market, marijuana consumers have shifted towards cheaper marijuana products, and mid-to-high quality products have lost their market share.

On a conference call last week, the CFO of Aurora Cannabis Glen Ibbott said that last summer, the Canadian marijuana market had only 2% of cheap weed in their supply. The number has now increased to 17% with cheap pot going for even less than C$9, which is equivalent to $6.79 in U.S. dollars. At the same time, the high-quality marijuana market share has dropped to 17% from the previous mid-30s.

The drop in the premium products market share has affected Aurora Cannabis very severely since the company’s primary focus is selling premium quality products.  In the past twelve months, Aurora Cannabis posted $1 billion quarterly losses, and its pot stock prices dropped by 80%. The CEO of Aurora Cannabis Terry Booth announced that he would be resigning and that the company would also implement a cost-cutting plan. Last week Aurora Cannabis announced the launch of a cheaper marijuana product known as The Daily Special.

Marijuana consumers are speaking with their wallets, and all they want is cheap marijuana that has a high THC concentration, meaning consumers want big highs at low cost. Speaking with MarketWatch, PI Financial Analyst Jason Zanderberg said that he expected that the demand for affordable marijuana would eventually arise and that many executives and insiders were caught unawares because it happened earlier than they had expected.

Zanderberg further said that although the production of marijuana is more than its demand in the market today, he did not expect the price of weed to drop this soon with just over one year since Canada legalized recreational cannabis.

These findings in Canada are likely to provide related companies like Champignon Brands Inc. and Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) since such insights can reshape the direction that a company had planned to take.

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 – Youngevity International Inc.’s (NASDAQ: YGYI) CLR Roasters Forges New Distribution Partnership with Prestigious Distributor Krasdale Foods

Youngevity International (NASDAQ: YGYI), a multi-channel lifestyle company operating in three distinct business segments, today announced that its wholly-owned subsidiary CLR Roasters has forged a new distribution partnership with prestigious distributor Krasdale Foods. In the business for over 100 years, Krasdale Foods distributes over 12,000 grocery item SKUs, services over 2500 retail locations and its geographic footprint includes NYC and metro areas in New York, as well as New Jersey, Connecticut, Pennsylvania, Massachusetts, and Rhode Island. Krasdale Foods plans to begin distribution of Café La Rica next month, with, in the first week of March, an initial stocking order of Café La Rica’s gourmet espresso shipping from CLR Roasters to Krasdale’s Bronx, NY-based distribution facility. “We are proud to see CLR’s Flagship brand, Café La Rica, pick up such a significant and prestigious distribution partner” Youngevity President and CFO Dave Briskie said in the news release. “We expect the continuation of this partnership to help drive the continued growth of our Café La Rica brand throughout 2020.”

To view the full press release, visit http://cnw.fm/c5v1V

About Youngevity International

Youngevity International, Inc. (NASDAQ : YGYI ) is an 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 investor information, please visit www.YGYI.com.

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

About CannabisNewsWire

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

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

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CannabisNewsWire (CNW)
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CannabisNewsWire is part of the InvestorBrandNetwork.

CannabisNewsBreaks – Sugarmade, Inc. (SGMD) and Budcars Significantly Increase Cannabis Delivery Reach in Northern California

Sugarmade (OTCQB: SGMD), together with cannabis delivery service Budcars, this morning announced a substantial expansion of cannabis delivery services within the Sacramento metropolitan area. The expansion will include adding the communities of Granite Bay, Folsom, Arden Arcade, Carmichael, Citrus Heights, Orangevale, and Roseville/Rocklin this week. “The investment in Budcars and this geographic expansion are just the start of Sugarmade’s moves into California’s regulated cannabis marketplace. With the significant turmoil in California’s cannabis marketplace occurring over the past year and the resulting industry shakeout, we are seeing a host of very attractive investment opportunities. We feel Sugarmade’s capital structure is conducive to addressing these pending opportunities and we are in the process of performing due diligence on several. We are particularly interested in the many cultivation and retail non-storefront opportunities that now exist. We hope to soon make several other investments in these areas,” Sugarmade CEO Jimmy Chan stated in the news release.

To view the full press release, visit http://cnw.fm/z0hYL

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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CBDNewsBreaks – Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) Announces Q2 Fiscal 2020 Results

Green Growth Brands (CSE: GGB) (OTCQB: GGBXF) on Monday released its results for the period ended December 28, 2019. According to the update, Green Growth Brands’ revenues for the period totaled $21.1M. “The results this quarter are a reflection of our ability to create products and experiences that consumers want,” Green Growth Brands CEO Peter Horvath said in the news release. “We are pleased with the consumer demand signals we saw in the CBD segment during the quarter, and we remain confident in its future potential. However, overhead costs, near-term obligations and constraints on liquidity have posed significant challenges that have hindered us from growing the CBD business in the timeframes we anticipated to its full-potential. The initiatives we announced today to sell the CBD segment, restructure debt and raise equity financing improves the financial infrastructure we need to scale our MSO segment. We believe focusing our expertise on the MSO segment will yield the highest long-term value for our shareholders and customers.”

To view the full press release, visit http://cnw.fm/L6sSr

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.

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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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