Author: CannabisNewsWire (CNW)

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

CannabisNewsBreaks – 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.

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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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

About CanadianCannabisWire

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

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

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

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CannabisNewsBreaks – 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

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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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

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 – MustGrow Biologics Corp. (CSE: MGRO) (OTC: MGROF) Files Patents Related to Method-of-Use and Composition-of-Matter Claims for Non-Selective Bio-Herbicide

MustGrow Biologics Corp. (CSE: MGRO) (OTC: MGROF), an agricultural biotech company developing and commercializing a portfolio of natural, science-based biological crop protection products, today announced the filing of patents related to method-of-use and composition-of-matter claims for a biological non-selective bio-herbicide, based on its signature mustard-derived approach to controlling unwanted pests and diseases. According to the update, MustGrow has completed a series of application rate tests with Canada’s National Research Council to determine the applicability of its natural mustard-derived technology as a bio-pesticide. Herbicidal control of trial plants from the root up was achieved after only 72 hours, with the strong data validating MustGrow’s natural science-based approach, utilizing the mustard seed’s natural defense mechanism, not only as a bio-pesticide, but also as a bio-herbicide. “The efficacious properties of our active ingredient as a bio-pesticide, bio-nematicide and bio-herbicide represent a key milestone for MustGrow,” Colin Bletsky, COO of MustGrow, said in the news release.  “MustGrow has plans to further expand our data set and focus testing on hard to kill and herbicide-resistant weeds as well as to expand applications of our remarkable natural mustard-based technology.”

To view the full press release, visit http://cnw.fm/nXgH7

About MustGrow

MustGrow is a publicly traded (CSE: MGRO) (OTC: MGROF) agricultural biotech company focused on providing natural science-based biological solutions for high value crops, including fruit & vegetable and cannabis cultivation. MustGrow has designed and owns a United States EPA-approved organic solution that uses the mustard seed’s natural defense mechanism to protect plants from pests and diseases. 110 independent tests have been completed, validating MustGrow’s safe and effective signature products. This product, in granule format, is EPA-approved across all key U.S. states as a bio-fertilizer and bio-pesticide (currently limited to a bio-fertilizer in California) and is designated by Health Canada’s PMRA (Pest Management Regulatory Agency) as a fruit & vegetable bio-pesticide and bio-fertilizer. MustGrow has now concentrated a liquid format to be applied through standard drip or spray equipment, improving functionality and performance features.

In cannabis, MustGrow is currently developing effective, safe and biological solutions that adhere to Health Canada’s strict regulations, including (1) its mustard-derived bio-pesticide to treat soil-borne pests and diseases; and (2) an in-licensed bio-fungicide for powdery mildew.

The Company has approximately 36.2 million basic common shares issued and outstanding and approximately 54.9 million on a fully diluted basis. For further details please visit www.MustGrow.ca.

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)

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420 with CNW – Governor Cuomo Includes Cannabis Legalization in New York Budget Proposal

On Tuesday, New York Governor Andrew Cuomo added marijuana legalization in his 2020 budget proposal, which sets the state on another push for legalization as the 2020 legislative sessions begin. This comes after a recent survey showed that support for recreational marijuana legalization is at its highest ever in the state.

Last year, Cuomo had included a similar proposal in his agenda but later dropped it after realizing that the lawmakers could not arrive at a mutual agreement about specific issues of legalization before the legislative deadline. However, his administration is positive that this year will be different.

According to the Governor’s new proposal, it is projected that New York will be able to generate $20 million in tax revenue in the 2021 financial year and $63 million in 2022. He also projected that by 2025, the tax revenue is expected to increase by up to $188 million.

During his speech, Cuomo urged lawmakers to legalize recreational marijuana through the budget since he believes that the budget will allow making tough decisions and working through challenging issues which could be harder to agree upon if budgetary issues aren’t at the forefront.

The budget also calls for personnel increases at certain agencies to support the new Office of Cannabis Management (OCM) as well as strengthening resources at the Division of Alcohol and Beverage Control.

According to the proposal, the OCM will oversee the nation’s first comprehensive marijuana regulatory framework, which merges all the licensing, enforcement, and economic development functions in one agency. OCM will also be responsible for licensing, production, and distribution of marijuana products in the recreational, industrial, and medical marijuana markets.

Hemp regulators within the state would also benefit from the budget proposal because Cuomo allocates $1.1 million for resources to support the additional hemp oversight and inspection employees.

Cuomo started to embrace marijuana legalization at the end of 2018 as previously he believed that marijuana acted as a gateway drug. Since then, he has helped develop a plan for coordinated marijuana legalization through several meetings with the governors in the region.

In 2019, the governor signed legislation decriminalizing marijuana and the expungement of prior marijuana convictions.

During his State of the State address at the beginning of the month, Gov. Cuomo recapped his commitment to marijuana legalization in New York. He also said that the economic benefit of marijuana would be a hollow victory if social equity and restorative justice provisions were not included in the legal cannabis system.

According to the budget proposal, marijuana business applicants under the social and economic equity program would be given technical assistance, training, loans, and mentorship.

The tax revenue collected from marijuana sales would be used to cover implementation costs, traffic safety efforts, and the social equity program. It would also be used in curbing substance abuse, harm reduction, and treatment and prevention programs.

He plans to allow home cultivation of medical marijuana of a maximum of four plants per household but no such liberty is permitted for recreational consumers.

A recent poll showed that 58% of New Yorkers are in favor of adult-use marijuana legalization. For industry analysts, that number makes the push for legalization too close to call and they think industry players like ChineseInvestors.com Inc. (OTCQB: CIIX) will be anxious to see what progress is made towards resolving the bones of contention that torpedoed legalization efforts last year.

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 – New Mexico Governor Says Now is the Time to Legalize Pot

On Tuesday, during her State of the State address, New Mexico Governor Michelle Lujan Grisham said that the time has come for the state to legalize marijuana.

Last week, the New Mexico governor officially included marijuana legalization in her 2020 agenda and said that marijuana reform represents a lucrative economic opportunity for the state, and more than two-thirds of New Mexico residents are in favor of the marijuana reform. There is a possibility of marijuana legalization being approved, which would make New Mexico the twelfth state in the U.S. to legalize recreational marijuana.

Lujan Grisham further said that adult-use marijuana could be the next cutting edge of economic expansion in New Mexico. He said that they could start from the bottom, or they can play catch up with other states.

In a tweet, Lujan Grisham said that 75% of New Mexicans support legalization of recreational marijuana and that three out of four of the residents want to utilize the economic potential of the marijuana industry, and it is their responsibility as leaders to give them what they want.

The governor further said that legalization would mostly benefit rural communities through job creation as well as the availability of better-paying jobs.

The governor also noted that for years, they have been hearing and debating proposals on recreational marijuana, but every time they would postpone and say it is not their time or they are not ready. They have also watched other states struggle in some areas of legalization and thrive in others. The governor said that it is easy to get a no, but it is harder to create something worthy and new, and New Mexico is ready for adult-use marijuana legalization.

The governor noted that her reform proposal was structured around the input her working group gathered from the community members and law enforcement.

Lujan Grisham also said that the Working Group laid out a vision where the state of New Mexico would use every tool in their economic tool belt while strategically adopting the best practices to create a thriving and secure new industry which would provide employment opportunities for thousands of New Mexicans and plough back hundreds of millions in revenues to the cities and counties. The tax generated would be used for public safety and health care.

The governor further said that the time has come when they should stop holding themselves as well as the state’s economy back. She added that New Mexico should legalize adult-use marijuana this year, which would be a sufficient reason to stay, work, and build a satisfying 21st-century career.

After the governor included legalization in her 2020 agenda, a lawmaker filed a bill a day later to accomplish the governor’s goal. Even though the governor is in favor of legalization, in a recent interview, she said getting the measure approved could be a tough job.

Lujan Grisham said that her goal is to create a legal, fair, and productive mechanism for marijuana, and even though they have the support, she knows that there will be challenges in the Senate, but they will do their best to overcome them.

Even though recreational marijuana legalization was not approved last year, the New Mexico governor signed legislation decriminalizing marijuana possession. According to experts, that decriminalization law is seen by various industry actors, such as No Borders Inc. (OTC: NBDR), as a step in the right direction toward ultimate legalization.

About CNW420

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

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

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CannabisNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQB: PLPRF) Establishing Itself as Strong CPG Company in California Market

Plus Products (CSE: PLUS) (OTCQB: PLPRF), a hemp and cannabis food company using nature to bring balance to consumers’ lives, is executing a strategy to become the world’s strongest cannabis brand by establishing itself as a strong Consumer Packaged Goods (“CPG”) company in California. Following its success in the Golden State, the company plans to move on to new markets, products and consumers (http://cnw.fm/O0fDc). An article discussing the company reads, “In identifying key steps in its plan, PLUS conducted extensive research. As a result, PLUS noted that the strongest companies in the world are typically built by focusing on becoming the best at one thing. As prime examples of this, PLUS cites Cargill in the agriculture sector, Coca-Cola and Budweiser in the Consumer Packaged Goods (CPG) sector and Target and Walgreens in the retail sector. With those companies as examples, PLUS chose to become ‘hyperfocused’ on building a brand in the CPG cannabis space, because CPG brands have the highest value potential in traditional industries. . . . After continued analysis and study, Plus Products notes in its investor presentation that brands are typically built on the foundation of an iconic product. PLUS has been determined to establish an iconic product in the edibles sector, which offers the most defensible price premiums. The company has done exactly what it set out to do: offering iconic cannabis gummies — Plus Uplift and Plus Unwind — that have been ranked the top two best-selling cannabis products in California, controlling 21% of the gummies market share in the state.”

To view the full article, visit http://cnw.fm/DhTq3

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, beginning with high-quality products that deliver consistent consumer experiences. PLUS is headquartered in San Mateo, California, and has 80 employees. For more information, visit the company’s website at www.PlusProductsInc.com.

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

About CanadianCannabisWire

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

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CBDNewsBreaks – HTC Extraction Systems (TSX.V: HTC) (OTCQB: HTPRF) Holds Strong Position in Billion-Dollar CBD Extraction Market

HTC Extraction Systems (TSX.V: HTC) (OTCQB: HTPRF), a hemp-biomass processing entity, is leveraging its patented Delta Purification(TM) technology that reduces cannabidiol (“CBD”) waste during the extraction process to position itself for success in the booming market. A recent article discussing the company reads, “A hemp biomass cultivation, extraction, formulation and refining entity, HTC is a force to be reckoned with in the CBD extraction market, as U.S. sales of hemp-based CBD products are projected to reach $22 billion by 2022, up from $591 million in 2018 (http://cnw.fm/NSdf3). CBD derivatives alone are expected to generate $900 million in 2020 (http://cnw.fm/pEBb3). These include CBD-infused topicals, edibles, and vapes. . . . In this fast-growing market, HTC Extraction Systems is hard at work to expand operations and position itself as a major provider of CBD extraction services, having already deployed extensive investments in the acquisition of extracting, purifying and refining equipment. Recently, HTC closed a bought deal private placement with gross proceeds of $10 million (http://cnw.fm/3zuJJ) to finance 25 million units of the company. The proceeds are used to fund the company’s future growth plans.”

To view the full article, visit http://cnw.fm/X0hc3

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

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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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CannabisNewsBreaks – Cresco Labs (CSE: CL) (OTCQX: CRLBF) Enters Senior Secured Credit Agreement

Cresco Labs (CSE: CL) (OTCQX: CRLBF), one of the largest vertically integrated multistate cannabis operators in the United States, today announced its entry into a non-brokered credit agreement for a senior secured term loan in an initial aggregate principal amount of up to US$100 million, with a mutual option to increase the size of the facility to a maximum of US$200 million. The company expects to complete an initial drawdown of up to US$100 million on or about January 30, 2020, subject to the satisfaction of customary funding conditions, and intends to use the proceeds for the expansion of operations in Illinois, closing and integration costs associated with pending acquisitions, and other strategic growth initiatives in key markets. “This agreement reflects the strength and growth potential of the national platform Cresco has built as well as our ongoing commitment to execute a superior capital agenda for the benefit of shareholders,” Cresco Labs CEO and Co-Founder Charlie Bachtell said in the news release. “Through this deal, we have diversified the company’s funding sources, improved our cost of capital in a non-dilutive manner and given ourselves flexibility in a dynamic capital environment. As we enter 2020 and our business continues to increase its positive free cash flow, Cresco is well-positioned to continue growing its foothold in the most strategic cannabis markets in the U.S., while building the most important company in the industry.”

To view the full press release, visit http://cnw.fm/3VY5y

About Cresco Labs

Cresco Labs is one of the largest vertically-integrated multi-state cannabis operators in the United States. Cresco is built to become the most important company in the cannabis industry by combining the most strategic geographic footprint with one of the leading distribution platforms in North America. Employing a consumer-packaged goods (“CPG”) approach to cannabis, Cresco’s house of brands is designed to meet the needs of all consumer segments and includes some of the most recognized and trusted national brands including Cresco, Remedi and Mindy’s, a line of edibles created by James Beard Award-winning chef Mindy Segal. Sunnyside*, Cresco’s national dispensary brand, is a wellness-focused retailer designed to build trust, education and convenience for both existing and new cannabis consumers. Recognizing that the cannabis industry is poised to become one of the leading job creators in the country, Cresco has launched the industry’s first national comprehensive Social Equity and Educational Development (“SEED”) initiative designed to ensure that all members of society have the skills, knowledge and opportunity to work in and own businesses in the cannabis industry. Learn more about Cresco Labs at www.CrescoLabs.com.

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