Author: CannabisNewsWire (CNW)

About CannabisNewsWire CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge. To receive SMS text alerts from CannabisNewsWire, text “CANNABIS” to 21000 (U.S. Mobile Phones Only) For more information please visit https://www.CannabisNewsWire.com Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: http://CNW.fm/Disclaimer

420 with CNW – Colorado State University to Offer Degree in Marijuana

Colorado State University is launching a degree in marijuana after receiving state approval for the program on Friday.

Starting this fall, Colorado will be offering Cannabis, Biology, and Chemistry to undergraduate students wishing to study the science of the crop to ensure success in the industry, local media reported. The marijuana program is similar to a double major in biology and chemistry and features a lab permitted to cultivate industrial hemp to allow students to use cannabidiol derived from the plant during their study.

The program launch coincides with a time when the marijuana industry is booming, and more states are legalizing the drug; thus, increasing its accessibility across the nation.

Speaking to the media, the dean of College of Science and Mathematics, David Lehmpuhl, said that the degree is demanding, and it is geared towards increasing demand in the marijuana industry.

Lehmpuhl further said hemp and weed have succeeded in a lot of economic sectors across the country, and while the university is neither pro-marijuana nor anti-marijuana, their focus is about science, and educating their students to study marijuana science.

The program is about natural products, and the students would be studying the genetics of marijuana as well as other plants, which would be supplemented with other courses in neurobiology, biochemistry, and analytical chemistry. This includes finding out CBD levels in certain products.

Colorado State University’s announcement follows the announcement made by Colorado State University’s Fort Collins Campus about the construction of a new research center to study chemical compounds found in hemp. The research center will be opened in the College of Natural Sciences this spring.

Speaking to reporters, Lehmpuhl said that the U.S. needs trained scientists in the field of marijuana and hemp, especially after the 2019 vaping crisis.

Colorado adopted recreational marijuana early as it was among the first two states to legalize adult-use cannabis in 2012 through Amendment 64. Within the same year, Washington also legalized adult-use marijuana through a similar vote, Initiative 502.

In Colorado, people above the age of 21 were allowed to use recreational marijuana from 2014.

The state of Colorado earned more than $1 billion from marijuana in 2019, and the revenue is being used to fund public services. Since marijuana was legalized within the state, consumers have spent more than $6.5 billion, and there are no signs of reducing.

Oher universities offering marijuana courses include Northern Michigan University in Marquette, which is offering a four-year medicinal plant chemistry degree, organic chemistry, biochemistry, genetics, accounting, and financial management.

The demand for these program is anticipated to be high, and these announcements of the courses is most likely welcome news to sector players like SinglePoint Inc. (OTCQB: SING) who have always struggled to get well-trained employees.

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 – Poll Shows Most Kentuckians Support Legalizing Pot

Support for marijuana legalization has changed dramatically over the last few years, with more and more states legalizing either medical or recreational marijuana. However, some states are more conservative than others; for instance, in Kentucky, cannabis is not legal either for medical or adult-use purposes.

However, a recent survey by Kentucky Health Issues Poll (KHIP) in 2019 showed that in the last decade, support for marijuana legalization has been rising within the state. And it was the first time more than half of the residents of Kentucky who were surveyed said that they were in favor of marijuana for any use. The majority of the survey participants said that they in favor of medical marijuana, while a little less than half said that they were in favor of recreational marijuana.

Chubinski said that from KHIP 2012 and KHIP 2019, there is a notable shift in public opinion about marijuana reform in Kentucky. But, it is essential to note that during that timeframe, the policy landscape about marijuana has shifted as well.

According to the survey, nine out of 10 people said they are in favor of medical marijuana consumption, which is an increase from eight out of 10 people in 2012. Support for medical marijuana has increased from 38 percent in 2012 to 59 percent in 2019, while support for adult-use marijuana increased to 49 percent in 2019 from 26 percent in 2012.

In a statement, the vice president of research and evaluation Jennifer Chubinski said that support for marijuana legalization for any use or adult-use purposes was more likely to attract support from the Democrats more than the Republicans or Independents.

The University of Cincinnati’s Institute for Policy Research conducted the survey, and they used 1,559 adults residing in Kentucky. The poll which came shortly after the 2019 Health Policy Conference was sponsored by The Foundation for a Healthy Kentucky and Interact for Health. The focus of the conference was the impact that reforming marijuana laws has on the public.

Some of the topics that were raised during the conference that gathered prohibitionists and conservatives were the increased potency of marijuana plants. Other topics include how to measure the correct dosage, preventing young adults from using weed, impaired driving, and risks of accidental poisonings. The poll results showed that there was a decrease in marijuana consumption among teens from 29% in 1997 to 16% in 2019. According to the survey, forty percent of Kentuckian adults have a friend or family who consumes marijuana regularly.

Although Kentucky officials are concerned over the common issues raised during the conference, other states in the U.S. are legalizing both medical and recreational marijuana, and it is clear that residents of Kentucky are ready to legalize marijuana.

It would be interesting to hear what sector players like Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) have to say about the chances of full marijuana legalization happening in Kentucky this year.

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CannabisNewsBreaks – KushCo Holdings, Inc. (KSHB) Featured in ROTH Equity Research Report

KushCo Holdings (OTCQX: KSHB) was featured in a recent Equity Research Report published by ROTH Capital Partners, LLC. The report reads, “KSHB has acquired a 19.9% interest in Xtraction Services Holding Corp. (CSE: XS) (OTCQB: XSHLF), a specialty financing company which provides leasing solutions to owners of cannabis and hemp companies in the U.S. KSHB plans to leverage the XS infrastructure with its large cannabis and CBD network to provide operators with a full portfolio of equipment leasing solutions to augment their operations.”

To request access to the full report, visit http://cnw.fm/mLT1L

About KushCo Holdings

KushCo Holdings, Inc. (OTCQX: KSHB) is the premier producer of ancillary products and services to the legal cannabis and CBD industries. KushCo Holdings’ subsidiaries and brands provide product quality, exceptional customer service, compliance knowledge and a local presence in serving its diverse customer base. Founded in 2010, KushCo Holdings has now sold more than 1 billion units to growers, processors and producers across North America, South America, and Europe. The company has been featured in media nationwide, including CNBC, Fox News, Yahoo Finance, Cheddar, Los Angeles Times, TheStreet.com, and Entrepreneur, Inc Magazine. While KushCo Holdings provides products and solutions to customers in the cannabis and CBD industries, it has no direct involvement with the cannabis plant or any products that contain THC. For more information, visit the company’s website at www.KushCo.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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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.

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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

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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

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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

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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.

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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.

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