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 – Youngevity International Inc. (NASDAQ: YGYI) Rings Nasdaq Closing Bell as 2020 Wellness Week Company

Youngevity International (NASDAQ: YGYI), a leading multi-channel lifestyle company operating in three distinct business segments including a commercial coffee enterprise and a commercial hemp enterprise, was recognized as a 2020 “Wellness Week” company by Nasdaq and selected to ring the closing bell on January 7, 2020 at the Nasdaq MarketSite in Times Square. According to the update, Youngevity’s executive leadership team gathered alongside YGYI Ambassadors Marilu Henner and Dr. James Rouse, company distributors and winners of Youngevity’s 2019 Better Health Challenge. In addition, the company orchestrated a series of interviews while in New York including two on Nasdaq’s Behind the Bell Programs. “Our team was honored to participate in a Nasdaq bell ringing ceremony for a second time,” Youngevity CEO Steve Wallach said in the news release. “We appreciate the opportunity to showcase the Youngevity Better Health Challenge during Wellness Week 2020. Additionally, we appreciate the opportunity to connect with and update our investors, partners and customers on our continued efforts to scale our business and bring products of unparalleled quality to the marketplace.”

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

About Youngevity International, Inc.

Youngevity International, Inc. (NASDAQ: YGYI, YGYIP), is a multi-channel lifestyle company operating in three distinct business segments including a commercial coffee enterprise, a commercial hemp enterprise, and a multi-vertical omni direct selling enterprise. The company features a multi country selling network and has assembled a virtual Main Street of products and services under one corporate entity. YGYI offers products from the six top selling retail categories: health/nutrition, home/family, food/beverage (including coffee), spa/beauty, apparel/jewelry, as well as innovative services. For investor information, please visit www.YGYI.com.

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

About CannabisNewsWire

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

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CBDNewsBreaks – Marijuana Company of America, Inc.’s (OTCQB: MCOA) hempSMART Appoints Global Marketing and Sales Manager

Marijuana Company of America (OTCQB: MCOA), a diversified hemp and cannabis company, today announced that its wholly-owned subsidiary hempSMART will be aggressively marketing, under the leadership of new Global Marketing and Sales Manager Gloria Albarran Lynch, its hempSMART(TM) CBD products through numerous distribution and retail channels globally. According to the update, the new strategy will supplement hempSMART’s current affiliate-marketing model used as its primary marketing method for its hempSMART(TM) products in the past and will focus on the wellness and beauty segments – two valuable pieces of a CBD market projected to be worth $22 billion by 2022. “Through Ms. Lynch’s leadership and implementation of this robust new marketing strategy, our premium-quality hempSMART(TM) products will be positioned in front of a larger audience of potential customers,” CEO Jesus Quintero said in the news release. “With the strength of the CBD wellness and beauty markets that are expected to be worth as much as $25 billion globally in the next decade, we intend to take advantage of this tremendous market opportunity.”

To view the full press release, visit http://cnw.fm/hXG3L

About Marijuana Company of America Inc.

MCOA is a corporation that participates in: (1) product research and development of legal hemp-based consumer products under the brand name hempSMART(TM), which targets general health and well-being; (2) an affiliate marketing and retail sales program to promote and sell its legal hemp-based consumer products containing CBD; (3) joint ventures and acquisitions of business entities engaged in the growth and sale of hemp and cannabis products in jurisdictions where cultivation is legal; and (4) the expansion of its business into ancillary areas as market opportunities in this segment mature and develop. For more information, visit the company’s website at www.MarijuanaCompanyofAmerica.com.

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

About CBDWire

CBDWire (CBDW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CBDNewsBreaks 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, CBDW 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. CBDW 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, CBDW brings its clients unparalleled visibility, recognition and brand awareness. CBDW is where news, content and information converge.

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CannabisNewsBreaks – SinglePoint, Inc. (SING) CEO Shares Exciting 2020 Vision via Audio Release

SinglePoint (OTCQB: SING) today released an audio update from its CEO sharing his vision for the company. “In closing, I believe best of SinglePoint is yet to come. I believe we are currently undervalued compared to our historical valuation range over the past three years, but our continued focus on the fundamentals of acquiring great businesses in emerging markets is starting to show results that should increase our shareholder value,” SinglePoint CEO Greg Lambrecht said in the update. “I started SinglePoint over 13 years ago as LifeStyle Wireless. I have been the CEO of this public entity since 2011, working every day to increase shareholder value. Through revenue and profit we expect our share price to follow suit. I believe our acquisitions have the ability to create sustainable revenue growth and profitability. I am committed to continuing to improve the company’s profile as evidenced by SinglePoint achieving fully reporting status with the SEC and listing to the OTCQB. There is more work to do and SinglePoint is up to the challenge, I am looking forward to more positive results this year and appreciate the continued support of our shareholders.”

To view the full press release, visit http://cnw.fm/Gi8K7

About SinglePoint, Inc.

SinglePoint, Inc (SING) invests in and acquires brands and companies that will benefit from an injection of growth capital and the sales and marketing expertise of SinglePoint. The company’s portfolio currently includes solar, Hemp and distribution tobacco products. SinglePoint is working to grow the company to a multinational 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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CBDNewsBreaks – Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) CMO to Participate in Panel Discussion at Upcoming Retail Industry Event

Green Growth Brands (CSE: GGB) (OTCQB: GGBXF) this morning announced that Chief Marketing Officer (“CMO”) Jann Parish will be speaking at NRF 2020 Vision: Retail’s Big Show in New York City which is taking place January 12-14, 2020. On Sunday, January 12 at 2:00 PM ET, Parish will be discussing how CBD is integrating to the retail industry on a panel entitled, “Disruption: Rapid growth of CBD products impacting big box, digital, specialty and department stores”. The Vitamin Shoppe CEO Sharon Leite and GfK Consumer Life Senior Consultant Rachel Bonsignore will also be participating in the panel discussion. “NRF is a hugely influential organization. For CBD to be included in the dialogue at the Big Show says so much about the strides the industry has made in destigmatizing cannabis and creating consumer-friendly brands and products,” GGBXF Chief Marketing Officer Jann Parish stated in the news release. “We are really honored to be sharing our perspective at the event among the most innovative retailers in the world.”

To view the full press release, visit http://cnw.fm/8kAQP

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/GGBXF

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CannabisNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Restructures Executive Leadership Team

The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF), a leading producer of premium, certified-organic cannabis, this morning announced modifications made to restructure its leadership. TGODF president Csaba Reider will be leaving the organization, and his duties will be taken over by TGODF CEO Brian Athaide. Additionally, TGODF Vice President of Sales Mike Gibbons is also leaving the company. Robert Gora, Vice President of Medical Commercialization, will assume the combined role of Vice President, National Sales, driving sales and revenue generation across medical and recreational channels. “The changes we announce today are part of a comprehensive review of our operations to reduce costs and improve cash flow. This will result in significant G&A savings and a leaner more efficient organization. We are also very focused on ramping up production, expanding our product portfolio with innovative organic products and gaining market share across the country,” TGODF CEO Brian Athaide stated in the news release.

To view the full press release, visit http://cnw.fm/1J0wO

About The Green Organic Dutchman Holdings Ltd.

The Green Organic Dutchman (TSX: TGOD) (OTCQX: TGODF) is a premium, certified-organic cannabis company focused on the health and wellness market. Its certified-organic cannabis is grown in living soil, as nature intended. The company is committed to cultivating a better tomorrow by producing its products responsibly, with less waste and impact on the environment. Its two Canadian facilities are built to LEED certification standards, and its products are sold in recyclable packaging. In Canada, TGOD plans to expand its product portfolio by launching a series of next-generation cannabis products such as organic teas, infusers and vapes. Through its European subsidiary, HemPoland, the company also distributes premium hemp-CBD oil in Europe. By leveraging science and technology, TGOD harnesses the power of nature from seed to sale.

TGOD’s Common Shares and warrants issued under the indentures dated November 1, 2017 and December 19, 2019 trade on the TSX under the symbol “TGOD”, “TGOD.WT” and “TGOD.WS”, respectively.

For more information on The Green Organic Dutchman Holdings Ltd., please visit www.tgod.ca.

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

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 – 3 Marijuana Trends Likely to Manifest in 2020

Marijuana consumers can attest to the fact that the modern marijuana experience is changing at lightning speed since they are experiencing the speedy growth firsthand. This is seen from the increased marijuana products being displayed on the shelves in dispensaries and the spread of marijuana reforms throughout the U.S. states, as well as the establishment of consumption lounges in selected locations. Besides, people should expect more changes in the marijuana sector in the near future.

This year, some of the changes that will take place include the presidential elections and the Food and Drug Administration (FDA) colossal duty of regulating CBD for human use.

We are optimistic about the 2020 trends because marijuana is developing into a designated commodity crop, and the cannabis sector is sort of similar to other traditional industries as legalization and commercialization of the plant continues throughout the nation.

Discussed below are some of the changes to expect in 2020.

More emphasis on quality and accountability

The legal marijuana sector started with low expectations where people were expected to cultivate marijuana flowers or develop infused products that meet the state’s quality standards and then sell it to the consumers. However, this year people should expect to see drastic changes in the quality and accountability of marijuana products — because farmers have realized that growing better pot flowers gives them a competitive edge.

Marijuana edibles and topicals will also experience changes because brands will start investing in better, healthier, sustainable, and more luxurious ingredients, especially after the recent vaping illness outbreak.

Favorable federal amendments

Although marijuana is still federally illegal, many pot fans are not affected by federal marijuana policies in their daily lives because cannabis is available in many U.S. states, making it possible for the majority of Americans to access legal marijuana.

In the U.S., every plant used for commercial purposes, through the dispensaries, cultivation facilities, manufacturers, pays a fee to the state. Acquiring a business location is very costly because of the restrictive zoning requirement and the stigma surrounding marijuana. Also, taxes imposed on pot are off the charts because of the IRS tax code 280E. Due to the difficulties of accessing financial services from the banks, licensed marijuana businesses are faced with the challenge of handling capital.

However, some of these challenges will change this year, and the consumers will experience the change because the U.S. Congress passed legislation that authorizes marijuana businesses to operate as any other business as well as the SAFE Banking Act.

Enhanced marijuana technological discoveries

In the last few years, there have been remarkable innovations in the canna-tech space, such as the hypur and Eaze delivery app, and we have also seen some failed tech innovation.

However, in 2020, we expect to see more canna-tech innovations because of the increased market confidence, funds availability, and the lessening of the stigma against weed. Besides, consumers are demanding heightened marijuana experiences.

Therefore, people should expect to see game-changing extraction pieces of machinery and consumption devices such as vaporizers. Farmers should also expect to see technological equipment that will make a significant impact on breeding and farming programs, and such technology will be on humidity control and decontamination. These technological improvements will be vital for companies that are considering exporting large shipments of marijuana around the globe.

Analysts posit that marijuana companies like The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) and Youngevity International Inc. (NASDAQ: YGYI) expect the issues above to have a strong bearing on the development of the industry in the coming years.

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 – Why Law Enforcement May Not Be Ideal for Stamping Out the Marijuana Black Market

The illicit marijuana market is still thriving in California. A recent audit conducted by the United Cannabis Business Association in California showed that the number of illicit marijuana businesses is approximately 3,000. In June, Griffen Thorne wrote a post on the several ways the state can fight the thriving black market, which is a problem for the state economy as well as a threat to people’s health.

However, the state did not initially acknowledge the suggested methods of fighting the illegal market since, recently, the state announced a tax increase on marijuana products, which in turn raised the cost of legal marijuana and thus forcing consumers to turn to the illicit market where marijuana is cheap. But, now, the state seems to be adopting the marijuana policies used by other states such as regulating its marijuana market and improving its enforcement efforts.

Last month, search warrants were served on 24 unlawful businesses, and the Bureau of Cannabis Control, working in collaboration with Los Angeles officials, raided the said businesses and seized marijuana buds and marijuana products worth about $8.8 million. They also impounded 9,885 illegal vape pens and $128,742 in cash. Previously, the bureau had issued landlords whose buildings were being used by illegal marijuana businesses in the state with notice letters notifying them that they could be subject to criminal and civil liability. Previously, the BCC randomly raided and closed such companies, and the action of raiding and seizing products is a significant improvement in their enforcement protocols.

Apart from BCC, other agencies such as the Department of Food and Agriculture (CDFA) in California have also upped their enforcement activities. For instance, on December 13, CDFA, through California’s Attorney General, sued several persons and entities who, according to CDFA, had cultivated and processed marijuana without permits. According to the lawsuit, the lawbreakers are liable for maximum civil penalties of about $10,000 license fee per violation, which is three times the amount of CDFA’s license fees.

The risk of being charged with marijuana law violations in California isn’t something to joke about. Under California law, marijuana agencies are authorized to seek fines of up to $30,000 per day/per violation of any unlawful marijuana activity. Now that the government is taking action by fighting against the black market, people operating illicit marijuana businesses are at high risk because the penalties could quickly get to millions of dollars due to the number of days it takes to grow and harvest the crop. Stanislaus County announced that people growing marijuana illegally would be subjected to a fine of $1,000 per plant per day.

This enforcement trend is likely to spread to other states grappling with the same problem. For instance, Washington has a mature and well regulated adult-use marijuana market and marijuana lawyers in the state say that the regulatory agency shifted from focusing on compliance to full-on enforcement such that the lawmakers had to force the agency to turn their attention back to compliance through legislation.

Many experts are of the view that the illicit marijuana market cannot be eliminated through enforcement because you will always find people who are willing to take on the risk and ignore the law. Even during the years, marijuana was prohibited in the U.S., there were still people ready to grow, process, and sell marijuana irrespective of the risks. However, if the government wants to eradicate the black market, they must lower the taxes, introduce fewer regulations, and expand access to marijuana, such as more dispensaries and cultivation licenses so that more legal players are within reach of consumers.

It would be interesting to hear what specific measures marijuana industy actors like Marijuana Company of America Inc. (OTCQB: MCOA) and Hemptown USA recommend for dealing a decisive blow against marijuana black market operators.

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CannabisNewsBreaks – CannabisNewsWire to Serve as Official NewsWire, Platinum Sponsor of NECANN Boston 2020

CannabisNewsWire (“CNW”), a multifaceted financial news and publishing company, today announced its plans to serve as the official newswire and platinum sponsor of the sixth annual New England Cannabis Network (“NECANN”) Boston event. Widely regarded as the most important cannabis industry event on the East Coast, NECANN Boston 2020 is designed to bring cannabis and hemp businesses, specialized exhibitors, expert industry speakers and investors together in one convenient location. With recent legalization of recreational marijuana in Massachusetts, organizers anticipate more than 10,000 to participate in this year’s gathering compared to the 9,000 in attendance last year. “Being involved with NECANN as the official newswire for its events in the past has been an honor and privilege,” said Christopher Johnson, director of syndicated communications for CannabisNewsWire. “We are particularly excited this year to be a platinum sponsor of this premier event. Our teams look forward to leveraging the strong distribution network in place to support and raise the visibility of this gathering, which consistently attracts the largest number of hemp, MMJ and cannabis industry professionals throughout the Northeast.”

To view the full press release, visit http://cnw.fm/hNH4e

About NECANN

The New England Cannabis Network (“NECANN”) has been creating resource hubs for the rapidly expanding cannabis industry since 2014. NECANN’s events are where businesses, entrepreneurs, investors, educators, patients, advocates and consumers can connect, learn and grow. Individually created conventions focused on each local market’s unique needs and opportunities are a superior alternative to the generic national canna-convention franchises found everywhere. NECANN takes a collaborative approach to each convention that has resulted in consistently high ROI for exhibitors, sponsors and attendees and the local cannabis market. Cannabis-related advocacy groups or non-profits are encouraged to contact NECANN, which is proud to sponsor donated booths wherever NECANN local cannabis conferences are held. For more information about NECANN’s flagship conference taking place March 20-22, 2020, visit: https://NECANN.com.

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CannabisNewsBreaks – Namaste Technologies Inc. (TSX.V: N) (OTCQB: NXTTF) Highlighted in technical420 Business Analysis Report

A recent editorial by Anthony Varrell of technical420 provides an update on Namaste Technologies (TSX.V: N) (OTCQB: NXTTF), identifying the company’s story as one believed to be one of the most significant turnarounds in 2020. According to the update, Namaste has been at work to execute its multi-faceted growth strategy, recording several major advancements. Although the shares have been under pressure, technical420 finds the risk-reward profile to be attractive. “Heading into 2020, Namaste is well positioned to capitalize on a number of attractive growth verticals within the Canadian (and global) cannabis industry,” Varrell writes. “At current levels, we believe that it is hard to ignore the valuation and are of the opinion that the market does not associate enough value with the entire operation.”

To view the full article, visit http://cnw.fm/2Yj8E

About Namaste Technologies

Namaste Technologies is the world’s leading online platform for cannabis products, accessories, and responsible education. The company is comprised of a number of wholly owned subsidiaries that could present significant upside and we are favorable on value creation that Namaste could deliver through this portfolio. CannMart represents one of the most important aspects of the Namaste story and the company believes that the market does not fully appreciate the value associated with this opportunity. CannMart provides customers with a diverse selection of hand-picked products from leading Canadian Licensed Producers (LPs). For more information, visit www.NamasteTechnologies.com.

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CannabisNewsBreaks – BevCanna Enterprises Inc. (CSE: BEV) (OTC: BVNNF) to Present and Act as Hydration Partner at Lift & Co. Expo

Emerging leader in infused cannabis beverages BevCanna Enterprises (CSE: BEV) (OTC: BVNNF) today announced that its Chief Commercialization Officer Emma Andrews, RHN, NPDP, will be featured at this week’s Lift & Co Cannabis Business Conference and Expo, sharing insights into the infused cannabis beverage category and consumer. The conference is slated to take place at the Vancouver Convention Center from January 9-11, 2020. Andrews will bring her experience in developing and marketing cannabis-infused beverages to the Lift & Co. main stage session, The Future of Social Consumption, where industry leaders will discuss consumption lounges and infused beverages, how close these may be to becoming a reality, how they will comply with regulations, and how they may change the social fabric. “Now that infused products are regulated, and beginning to roll out in Canada, consumers are exploring new ways to participate and explore cannabis culture,” Andrews said in the news release. “BevCanna has conducted significant research into the way Canadians want to enjoy their cannabis, and consuming infused beverages in social settings, to relax and unwind, and even address health concerns are at the top of the list.”

To view the full press release, visit http://cnw.fm/b9pBU

About BevCanna Enterprises Inc.

BevCanna Enterprises Inc. (CSE: BEV) (OTC: BVNNF) develops and manufactures cannabinoid-infused beverages and consumer products for in-house brands and white label clients. With decades of experience creating, branding and distributing iconic brands that have resonated with consumers on a global scale, the team demonstrates an expertise unmatched in the emerging cannabis beverage category. Based in British Columbia, Canada, BevCanna has a 292-acre outdoor cultivation site in the fertile Okanagan Valley and the exclusive rights to a pristine spring water aquifer, as well as a world-class 40,000-square-foot, HACCP certified manufacturing facility, with a current bottling capacity of up to 72M bottles. BevCanna’s vision is to be a global leader in infused innovations. For more information, visit the company’s website at www.BevCanna.com.

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