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

HempNewsBreaks – HTC Extraction Systems (TSX.V: HTC) (OTCQB: HTPRF) Closes Deal to Purchase Hemp Extraction Company Kase Farma Inc.

HTC Extraction Systems (TSX.V: HTC) (OTCQB: HTPRF), a hemp-biomass processing entity, this morning announced the closing of its previously announced share and purchase agreement (“SPA”) with Starling Brands, Inc., a party at arm’s length to HTC, pursuant to which HTC purchased all the issued and outstanding shares of Kase Farma Inc. Kase Farma, which is authorized to operate in the areas of hemp cultivation, extraction, refining and formulation in the State of California, is now a wholly owned subsidiary of HTC. In accordance with the agreement, the company retains the management services of Starling, led by highly regarded experts in the cannabinoid extraction, formulation and refining industry, CEO Mike Reynolds and chief science officer Drew Ford. “On behalf of Starling, we are extremely excited to integrate our experience, know-how and pedigree with HTC’s technologies and pedigree, to further the vision and execution as global leaders in the science and production of the highest quality cannabinoid extractions and formulations. The benefits of our products will be provided to the global community consistent with the irreversible momentum of changing perceptions and acceptance of the planet’s most useful and beneficial plant,” Starling Brands CEO Mike Reynolds stated in the news release.

As part of the transaction, Kase Farma has entered into an intellectual property licensing agreement with Starling. This agreement allows for a technology transfer in which intellectual property and technology licensed under this agreement will be used and deployed in HTC’s Canadian facility. Total consideration payable to Starling pursuant to the Transaction is US$900,000 in cash and the issuance of 8,000,000 units of HTC and 2,000,000 bonus units of HTC. Each unit is comprised of one common share and one half of one common share purchase warrant. Each warrant will be exercisable to acquire one common share at a price of C$0.70 for a period of 36 months from the completion of the transaction. Each bonus unit is comprised of one common share and one half of one common share bonus purchase warrant of HTC. Each bonus warrant shall be exercisable to acquire one common share at a price of C$1.00 for a period of 36 months from the completion of the transaction. The units and bonus units (collectively, the “compensation units”) are subject to legends restricting their transfer and which will provide that: (i) one-third of the compensation units shall become freely tradeable 12 months after the completion of the transaction; (ii) one-third of the compensation units shall become freely tradeable 18 months after the completion of the transaction; and (iii) one-third of the compensation units shall become freely tradeable 24 months after the completion of the transaction. In addition, HTC will be paying compensation to Hillcrest Merchant Partners Inc., an arm’s length party, in the form of units, for the development, negotiation and finalization of the ancillary agreements to the SPA. All common shares issued pursuant to the transaction and as compensation, are subject to a hold period under applicable securities law until May 29, 2020.

To view the full press release, visit http://cnw.fm/O5L5b

About HTC Extraction Systems

HTC Extraction Systems has developed and optimized proprietary technologies designed for biomass extraction, distillation and purification of ethanol and ethanol-based solvents used for the hemp-biomass and cannabidiol (“CBD”) industry as well as gas and liquid extraction. HTC’s extraction and purification systems are engineered to large scale to reduce capital and operating costs while delivering superior performance measured by reduced energy usage, lowered emissions and improved quality of the product produced. For more information, visit the company’s website at www.HTCExtraction.com.

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

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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420 with CNW – Chicago Passenger Caught Stealing from Marijuana Amnesty Box

Last week on Wednesday, an incoming traveler at Midway Airport stole marijuana from one of the marijuana amnesty boxes situated at the facility, said the Chicago Police.

The cannabis amnesty boxes were installed a few weeks ago, and they coincided with adult-use marijuana legalization in Illinois. The amnesty boxes are for passengers who are boarding their flights at Midway or O’Hare airports to dispose of the unused marijuana products since no one is allowed to board a plane with any shred of weed.

According to local media sources, during routine checks on Wednesday evening around 8 p.m., the police noticed that marijuana was missing from one of the amnesty boxes. When they checked the surveillance footage near the location of the box, the police saw a man reach inside and remove the weed several hours before. The police believe that the man was an incoming passenger.

During an earlier security check, one of the passengers was found with the weed and was forced to leave it behind, thus placing it in the amnesty box. It is this weed that another passenger stole. As of last Friday, they had not identified the man, but authorities say that it shouldn’t be possible for someone to access the contents of the amnesty boxes.

The chief of communications with the Chicago police, Anthony Guglielmi, said that the marijuana amnesty boxes were placed at the airports in Chicago to make sure that travelers complied with the federal and local state laws of their destinations. Guglielmi also noted that in the coming weeks, they would replace the temporary amnesty boxes with other boxes to prevent theft, making them secure and hinder anyone from looting their contents.

The Department of Aviation in Chicago and the Chicago police were tasked with overseeing, emptying, and discarding the content found inside the 12 boxes.

The TSA clarified that it is legal to have marijuana at the airports, but it is unlawful to fly with drugs since the federal authorities regulate the airspace, and marijuana is federally illegal.

Speaking to local media at the beginning of the month, the TSA spokesperson said that the agency does not search for marijuana-infused products during security checks across the U.S., but TSA agents are under obligation to report if they discover any drugs or substances that are illegal as per the federal law. After the report is made, local police determine the next course of action.

Other airports that have installed amnesty boxes include McCarran International Airport in Las Vegas and Colorado Springs Airport in Colorado.

Analysts believe that marijuana companies like Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) may be shocked that the amnesty boxes were not designed to prevent unauthorized access, such as what happened at the Chicago airport.

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 – Mexican Lawmakers Get Set to Legalize Pot in April

As the legislature resumes their sessions next month in Mexico, lawmakers are preparing to push for marijuana reform since they have been seen circulating an amended bill amongst themselves. The amended legislation seeks to legalize and regulate cannabis sales within Mexico.

The amended legislation was filed by the Justice and Health committees. It would allow possession of a maximum of 28 grams of marijuana per adult and cultivation of a maximum of six plants for personal use. It also has a provision allowing people to apply for a license to carry more than 28 grams of weed but not above 200 grams.

Next week Senator Ricardo Monreal Avial will be holding a meeting with the Interior Secretary Olga Sanchez Cordero and the legal advisor to the president, Julio Scherer, to discuss the marijuana reform bill since the proposed measure is not final, and he considers it as a next step process.

The amended legislation has a provision where people found carrying marijuana ranging from 28 grams to 200 grams would be charged a fine of about $560. Stringent measures would be taken against adults found possessing more than 200 grams of weed.

A new regulatory body, the Mexican Cannabis Institute, would be created to issue business licenses and create rules for the marijuana market. The legislation also aims to promote social equity by prioritizing people from areas impacted by prohibition when issuing cultivation permits.

According to Milenio, the Mexican Marijuana Institute would also be allowed to fund research on the cultivation of marijuana, which is to be sold commercially through grants.

The amended bill comes a year plus after the Supreme Court in Mexico passed a ruling to end federal laws prohibiting cultivation and possession of marijuana deeming it unconstitutional. Since then, lawmakers have been working to establish a scheme allowing recreational marijuana in the country.

The Senate made progress with the bill by holding several public gatherings to educate the public, and in one of the meetings, they featured a former White House drug czar, but the legislature did not meet the court-appointed deadline for the approval of the legislation, which was October 2019; therefore, they requested for an extension. The Supreme Court extended the deadline to April 30, 2020.

The new bill has some minor changes, such as amending the business licensing scheme where it classifies it into five types of licenses. These include cultivation, transformation/processing, marketing, exports, and imports as well as research.

Montreal said that some leaders are not in favor of the measure, but the lawmakers are hoping to legalize marijuana before the deadline.

It would be interesting to hear what cannabis companies like Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) have to say about the implications of legalizing recreational marijuana in Mexico.

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CannabisNewsBreaks – TerrAscend Corp. (CSE: TER) (OTCQX: TRSSF) Announces Changes to Executive Leadership Team

Global cannabis company TerrAscend (CSE: TER) (OTCQX: TRSSF) this morning announced that it has made modifications to its leadership team in coordination with the company’s focus on its rapidly scaling U.S. retail, manufacturing, and distribution operations. Michael Nashat has stepped down as CEO but will continue to serve as a member of the Board of Directors and act as a strategic advisor to the company. Jason Ackerman, executive chairman of the company, has been named interim CEO. “While it was a difficult decision, I believe given TerrAscend’s premier operating assets in the United States, it is now time for me to step into an advisory role and let new U.S.-based management guide TerrAscend as they expand and scale,” Michael Nashat stated in the news release. “Jason’s experience in omnichannel retail, distribution and operations are skills that TerrAscend will lean on as it enters this new growth phase. In my time working alongside Jason, it is clear that he is the right person to take on this role, and as a large shareholder, I believe this is what is best for securing TerrAscend’s future. I look forward to continuing to advise the company in my board position and as a strategic advisor.”

To view the full press release, visit http://cnw.fm/JWtG1

About TerrAscend

TerrAscend provides quality products, brands, and services to the global cannabinoid market. As the first North American Operator (“NAO”), with scale operations in both Canada and the US, the company participates in the medical and legal adult use market across Canada and in several US states where cannabis has been legalized for therapeutic or adult use. TerrAscend is the first and only cannabis company with sales in the US, Canada, and Europe. TerrAscend operates a number of synergistic businesses, including The Apothecarium, an award-winning cannabis dispensary with several retail locations in California; Arise Bioscience Inc., a manufacturer and distributor of hemp-derived products; Ilera Healthcare, Pennsylvania’s premier medical marijuana cultivator, processor and dispenser; Ascendant Laboratories Inc., a biotechnology and licensing company committed to the continuous improvement of cannabinoid expressing plants; Solace RX Inc., a proposed Drug Preparation Premises (“DPP”) focused on the development of novel formulations and delivery forms; and Valhalla Confections, a manufacturer of premium cannabis-infused edibles. Additionally, TerrAscend holds a cultivation permit in the State of New Jersey and is pending approval for a vertically integrated medical cannabis operation with the ability to operate up to three alternative treatment centers. For more information, visit the company’s website at www.TerrAscend.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 – Missouri Licenses 192 Medical Cannabis Dispensaries

One hundred and ninety-two dispensaries were issued with permits by the state of Missouri, allowing them to sell medical marijuana to patients. Of the 192 dispensaries, eight are located in Springfield City.

Missouri has eight Congressional districts, and each of them was issued with 24 licenses by the state Department of Health and Senior Services. The department indicated that the recipients of the permits met the requirements of the program and that they scored the highest during the evaluation of the license applicants. There were more than 1,200 applications for dispensary licenses within the state.

Medical marijuana was legalized in Missouri in 2018, but since cannabis must be grown at farms that have been tested and approved in the state, marijuana sales are expected to start this summer.

The Kansas City Star reported that as of Tuesday of last week, the health department had approved medical marijuana identification cards to 29,457 patients, and 820 caregivers.

The patients are allowed to apply for medical marijuana cards once they receive certification from their physician. The list of qualifying conditions includes cancer, epilepsy, glaucoma, migraines, chronic pain, HIV or AIDS, debilitating psychiatric disorders, and any other terminal illness.

In December last year, the Department of Health and Senior Services in Missouri issued the licenses for testing, transporting, and growing facilities.

Medical marijuana dispensary applicants had to pay a non-refundable application fee of $6,000 and an annual license fee of $10,000. Any marijuana business can possess a maximum of 5 dispensary permits, three cultivation licenses, or three manufacturing permits.

Speaking to the media, Bianca Sullivan, the owner of Fresh Green, said that her company won two dispensaries and one would be located in Kansas City while the other in Lee’s Summit.

Sullivan said that she was jumping up and down due to happiness and eventually jumped into the arms of her husband.

Janette Hamilton is the owner of TriCept Wellness, which is based in St. Louis. She said that she was devastated after she got the news that the regulators had rejected the application from her company. She was frustrated because her company’s score was 16th in the 1st Congressional District; however, the regulators selected other applicants with lower ratings and awarded them dispensary permits.

The state did not explain why her company was rejected, said Hamilton.

Applicants for dispensary permits must be residents of Missouri and must present a one-year proof of residency. The business must be owned by people who have been residents of Missouri for at least one year and have no resident privileges in other states. People who have been convicted of drug-related crime cannot own or participate as an employee. The license applicants must also submit a statement showing that all owners have submitted fingerprints and have undergone a criminal background check within the last six months.

Industry actors like HTC Extraction Systems (TSX.V: HTC) (OTCQB: HTPRF) may now be happy that arrangements are in high gear to give patients in Missouri a chance to use medical cannabis to manage their health challenges.

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420 with CNW – Virginia Lawmakers OK Marijuana Decriminalization Bill

On Thursday, Virginia Senators passed a bill decriminalizing marijuana within the state. The legislation removes the threat of imprisonment for simple marijuana possession.

The measure was approved through a voice vote by the Senate Judiciary Criminal Law Subcommittee. The panel debated other measures that were adopted into the passed marijuana legislation, such as the expungement of criminal records and decriminalization proposal.

The subcommittee approved the measure irrespective of the protests from the state chapter of the ACLU. The ACLU argued that the legislation did not protect the people of color from being caught up in the war against drugs and said that they would prefer to wait until the broad legalization of marijuana is achieved.

Although other supporters of the criminal justice reform are in favor of proceeding with certain amendments, they still shared their concerns about the limitations of SB 2. Individuals found guilty of simple possession are liable to a civil penalty, which is punishable by a maximum fine of $50. However, according to the current policy, the same charge attracts a fine of $500 and an additional 30 days in jail.

The legislation would also remove the possession threshold from half an ounce to one once for what is referred to as “intent to distribute.” The definition of hashish would also be removed from state law, and it would be treated as marijuana flower.

Since an expungement provision is in other legislation that has advanced through the Senate, the Senators removed its language from the bill before it was approved. The proposed penalties against juvenile offenders were also reduced.

The subcommittee also agreed to integrate a separate decriminalization bill with a three-tier scheme of offenses, first, second, and third, into SB 2. The measure advancing to the Senate Judiciary Committee stipulates that an offender would be charged a fine of $50 irrespective of the tier.

The Attorney General, Mark Herring, together with the Virginia NORML, testified in favor of the legislation.

Speaking to the media, the Executive Director of Virginia NORML, Jenn Michelle Pedini, said that the panel’s vote is historic and a step in the right direction. Pedini further noted that the lawmakers’ decision to advance the measure is welcome since the state’s marijuana laws have been lagging behind public opinion.

Pedini further said that marijuana criminalization is not solved by decriminalization since decriminalization does nothing to ease the impact of the war against drugs. Therefore, to regulate recreational marijuana and undo the harms of war against drugs, the Commonwealth must swiftly legalize marijuana.

At the beginning of January, during his annual State of the Commonwealth speech, Virginia Gov. Ralph Northam included decriminalization in his policy. He said that leaders need to take a look at the criminal justice system to ensure that people are being treated fairly and that the taxpayers’ money is being used wisely.

Herring is in support of decriminalization, which he believes is a step towards broad marijuana legalization. He is also vying for the governorship in 2021. Last month, Herring organized a summit where officials in legal marijuana educated the lawmakers about regulatory challenges and opportunities. During the summit, Herring said that he would support the governor’s push for comprehensive marijuana reform.

It remains to be seen what companies like SinglePoint Inc. (OTCQB: SING) think of the chances of full cannabis legalization in Virgina now that marijuana has been decriminalized.

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CannabisNewsBreaks – GP Solutions, Inc.’s (GWPD) “Prolific” Allows Beginners to Professionals to Grown Grow Clean, Nutrient-Dense Fruits and Vegetables

GP Solutions (OTC: GWPD), the developer of “GrowPods” – controlled environment automated micro-farms, announced that Prolific products, its line of innovative nutrients and growth mediums, are now available on Amazon. Previously available solely to commercial growers, the smaller sized packages allow consumers to grow clean, uncontaminated food of the highest quality. “Prolific is perfect for growing organic vegetables and herbs in any environment, including indoor or outdoor farms, greenhouses, potted plants, and shipping containers,” GP Solutions President George Natzic said in the news release. “These innovative products are suitable for beginners to professional farmers, and anyone who wants to grow own organic superfoods.”

To view the full press release, visit http://cnw.fm/g41Jm

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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CannabisNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) to Present at MjInvest.com’s MjMicro Virtual Investor Conference

MjLink.com Inc., a wholly owned subsidiary of Social Life Network, Inc. (OTCQB:WDLF), today announced Plus Products (CSE: PLUS) (OTCQX: PLPRF) as a Featured Presenter at its MjMicro Virtual Investor Conference hosted by MjInvest on Wednesday, January 29 at 12:30 p.m. ET. According to the update, the event provides both public and private cannabis companies a platform to pitch and present their stories to investors through an online virtual conference, while providing a unique opportunity for private and institutional investors access and deal-flow to the best-in-class cannabis companies in the world. During the virtual conference, Plus Products Co-Founder, CEO and Director Jacob Heimark will host a featured presentation to update investors and analysts.

To view the full press release, visit http://cnw.fm/OdyS2

About MjLink.com, Inc.

MjLink.com Inc. is a wholly owned subsidiary of Social Life Network, Inc. and a cloud-based cannabis social network and digital media company based in Denver, Colorado. MjLink operates as a multinational cannabis technology and digital media organization with four industry specific social networks: WeedLife.com, a consumer-to-consumer social network, MjLink.com, a business-to-business social network, HempTalk.com, a business-to-consumer social network, and MjInvest.com, a cannabis industry investor network that produces the MjMicro Capital Conference.

For more information about Social Life Network, visit www.SocialNetwork.ai

About PLUS

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 – that begins with high-quality products that deliver consistent consumer experiences. PLUS is headquartered in San Mateo, CA and has 80 employees. 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

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CannabisNewsBreaks – Youngevity International Inc.’s (NASDAQ: YGYI) CLR Roaster’s Café La Rica Added to Publix Coffee Planogram

Youngevity International (NASDAQ: YGYI), a leading multi-channel lifestyle company operating in three distinct business segments including a commercial coffee enterprise and its newly acquired commercial hemp enterprise, today announced that it has been added to the coffee planogram for Publix Miami Division with KeHE, one of the largest and most respected specialty food distributors implementing the Café La Rica distribution. According to the update, Café La Rica will control up to three facings in each location, depending on the size of the stores. “We continue to expand our footprint with our Café La Rica Brand and our sell-through has continued to accelerate at retail,” Dave Briskie, President and CFO of YGYI, the parent company that owns CLR Roasters, said in the news release. “Becoming a Planogram Item within Publix has always been a goal of our company, and we are extremely pleased to be expanding our partnership with Publix and KeHE. Café La Rica and our other company owned brand, Café Cachita, are establishing themselves as leading brands in Cuban Expresso. We anticipate further expansion of our company owned brands as we move through 2020.”

To view the full press release, visit http://cnw.fm/l0NkX

About Youngevity International

Youngevity International, Inc. (NASDAQ: YGYI), is an multi-channel lifestyle company operating in 3 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 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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CBDNewsBreaks – MCTC Holdings, Inc. (MCTC) Announces New Infusion System to Enable Easy Production of Clean-Label Hemp Extract and CBD Single-Serving Coffee and Beverage PODS

MCTC Holdings (OTC: MCTC), a company developing unique hemp infusion technologies and cannabinoid delivery systems, today announced a new system to enable coffee and other beverage companies to easily produce clean-label hemp extract and cannabidiol (CBD) single-serving coffee and beverage pods. The product offering, named Hemp You Can Feel(TM) Coffee Infusions, is based on two recently filed patents and will allow coffee manufacturers to produce coffee pods with precisely measured amounts of hemp extracts, CBD, or other cannabinoids and avoid the complexities of CBD infusions and potency testing. “We are now offering single-serving coffee manufacturers a superior method to infuse products with CBD and other cannabinoids,” MCTC Holdings CEO Arman Tabatabaei said in the news release. “It is so revolutionary, we have filed two patents; one on the underlying powderization technology and another on the use of solid and powdered dosing forms for cannabinoids in single-serving beverage pods. With our new products, manufacturers are able to precisely dose each pod with the exact amount of active ingredient desired. The technology is easily customizable to suit the particular requirements of the application. With the product offering, even the smallest of single-serving pod manufacturers will be able to easily transform ordinary low margin products into products that are high margin and very profitable.”

To view the full press release, visit http://cnw.fm/pMw9Q

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

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