Author: CannabisNewsWire (CNW)

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

CBDNewsBreaks – Neutra Corp. (NTRR) CEO Discusses CBD as Chronic Pain Treatment

Early-stage research and development company Neutra Corp.’s (OTCQB: NTRR) CEO Sydney Jim recently discussed the company’s activities in an interview with NetworkNewsWire (http://cnw.fm/b07SI). A recent article discussing the interview reads, “Jim, a former professional tennis player, emphasized the company’s motivation to help the next generation of athletes with pain management. During the interview, he talks about dealing with pain, not only as a former professional athlete but, on an occasion as recent as last year, when he suffered multiple severe injuries and broken bones as a result of an accident. . . . Jim knows the benefits of hemp-based products firsthand, and CBD may offer an option for treating different types of chronic pain. A study cited by Harvard University showed that CBD applied on the skin could help lower pain and inflammation due to arthritis (http://cnw.fm/q4dD5). Other research demonstrated the mechanism by which CBD inhibits inflammatory and neuropathic pain — two of the most difficult types of chronic pain to treat.”

To view the full article, visit http://cnw.fm/cMz0S

About Neutra Corp.

Neutra Corp. is an early-stage research and development company committed to bringing modern, healthy-living solutions to a multibillion-dollar market. Cutting-edge technologies within the nutraceuticals, food and drug, and environmental purification sectors are creating a new kind of world culture — one where consumers are demanding access to products that promote health and stave off potential health dangers. One of the nutraceutical submarkets is the new, thriving, hemp-based CBD market, in which the company intends to participate. For more information, visit the company’s website at www.Neutrainc.com.

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

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 – Wildflower Brands Inc. (CSE: SUN) (OTCQB: WLDFF) Developing Robust Retail Network for CBD Products

Wildflower Brands (CSE: SUN) (OTCQB: WLDFF), a public cannabis company developing brands that focus on plant-based wellness and health products, is expanding the reach of its assorted CBD products to retailers throughout the United States and in legal cannabis markets. An article discussing the company reads, “At the beginning of 2019, Wildflower initiated a strategic New York expansion, making its products available in over 20 health and wellness stores throughout Manhattan. The move was a complete success, as over 40% of Wildflower’s online sales now originate from New York. . . . The company’s expansion and effective market positioning efforts did not end there. On June 17, 2019, Wildflower announced its reception and fulfillment of an opening purchase order from Dillard’s department stores (http://cnw.fm/kN6AH). Through the partnership, Wildflower expects to gain exposure for its premium-hemp SKUs in 260 Dillard’s stores across the country.”

To view the full article, visit http://cnw.fm/FH4rl

About Wildflower Brands

Wildflower Brands is a company headquartered in Vancouver building reputable brands and quality products that incorporate the synergistic effects of plants and their extracts. For more information, visit the company’s website at www.WildflowerBrands.co.

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

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 – Earth Science Tech Inc. (ETST) Reports Sharp Increase in Revenue, Gross Profit in Quarterly Report

Earth Science Tech (OTCQB: ETST), an innovative biotechnology company, recently reported an impressive increase in revenue and gross profit for the three months ended June 30, 2019 (http://cnw.fm/2uKk5). An article discussing the company reads, “For the quarter, ETST reported sales of $227,635 — a total that is 36.4% higher than the $166,891 in revenues for the comparable period in 2018. Additionally, gross profit jumped to $113,126 in the 2019 quarter, from $59,409 for the same quarter in 2018. To achieve that higher gross profit figure, ETST placed emphasis on cutting key operating expenses, including marketing, legal and R&D. . . . The ETST report detailed those cuts, including dropping R&D expenses to $22,113 as compared to $65,245 for the same period in 2018. The decrease in 2019 is primarily associated with the company moving its Hygee(TM) medical device out of R&D phase and discontinuing CBD patent applications, per a corporate update. Hygee is a revolutionary home kit designed for the detection of sexually transmitted infections, such as chlamydia, in women. The company sees Hygee as empowering women across the globe while setting a new standard in women’s health. The product has already generated excitement among investors. In other efforts to improve its bottom line, ETST has also been taking a hard look at its marketing expenses. By eliminating magazine marketing, the company was able to decrease these costs to $20,623 in the three-month period, down from $29,267 in the comparable period of 2018.”

To view the full article, visit http://cnw.fm/g8XvC

About Earth Science Tech Inc.

Earth Science Tech offers the highest purity and quality high-grade, full-spectrum cannabinoid oil on the market. ETST notes positive results in studies on breast cancer and immune cells conducted through the University of Central Oklahoma, in addition to studies through DV Biologics that prove the company’s CBD-oil formulation lowers cortisol and functions as a neuroprotectant, with positive-result case studies through key health organizations. ETST formulates, markets and distributes the CBD oil used for its studies to the public, offering the most-effective quality of CBD on the market. For more information, visit the company’s website at www.EarthScienceTech.com.

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

About CannabisNewsWire

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

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CannabisNewsBreaks – VPR Brands LP (VPRB) Primed to Profit from South Asian Medical Marijuana Markets

VPR Brands (OTCQB: VPRB), a market leader and pioneer in electronic cigarettes and vaporizers for nicotine, cannabis and cannabidiol (“CBD”), is positioned to profit from the approval of medical marijuana in South Asian markets. An article discussing the company reads, “This news was announced by Thailand Public Health Minister Anutin Charnvirakul, who is also the deputy prime minister of Thailand (http://cnw.fm/N1bal). This is the first time that Thai state hospitals will be administering cannabis oils to patients since the country passed legislation allowing such treatment. . . . ‘This is the outcome of legalizing medical cannabis,’ Charnvirakul stated in a press conference. ‘There is no hidden agenda. We only want to support every patient.’ The Government Pharmaceutical Organization (GPO) delivered the initial shipment to the public health ministry to distribute to hospitals for about 4,000 registered patients; additional oils will be distributed in coming weeks.”

To view the full article, visit http://cnw.fm/1wInK

About VPR Brands LP

VPR Brands is a technology company whose assets include issued U.S. and Chinese patents for atomization-related products including technology for medical-marijuana vaporizers and electronic-cigarette products and components. The company is also engaged in product development for the vapor or vaping market including e-liquids. Vaporizers and electronic cigarettes, also known as e-cigarettes, are devices that deliver nicotine and/or cannabis through atomization or vaping without smoke and other chemical constituents typically found in traditional products. For more information, visit the company’s website at www.VPRBrands.com.

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

About CannabisNewsWire

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

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CannabisNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Hosting Analyst Site Visits at Hamilton and Valleyfield Facilities

Cannabis-focused research and development company The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF), a leading producer of premium certified organic cannabis, today announced that it is hosting site visits for analysts at its Hamilton and Valleyfield facilities on September 19-20. According to the update, the company is sharing, for the first time, beyond construction timelines, Canadian production ramp-up and other updates that are available on its website. “We are doing something no other producer has done before, growing premium certified organic cannabis at scale. By leveraging our proprietary growing methods, purpose-built facilities and industry-leading horticultural team, we are creating a wide economic moat within the premium organic segment,” TGOD CEO Brian Athaide said in the news release. “We are extremely proud to showcase the hard work that went into designing and building these state-of-the-art facilities as well as our cannabis 2.0 portfolio.”

To view the full press release, visit http://cnw.fm/SHm8Y

About the Green Organic Dutchman Holdings Ltd.

The Green Organic Dutchman Holdings is a publicly traded, premium global organic cannabis company with operations focused on medical cannabis markets in Canada, Europe, the Caribbean and Latin America, as well as the Canadian adult-use market. TGOD also has organic hemp CBD oil operations in Canada, and through its wholly-owned subsidiary HemPoland distributes premium hemp CBD oil in EU. The company grows high-quality, certified organic cannabis with sustainable, all-natural principles. TGOD’s products are laboratory tested to ensure patients have access to a standardized, safe and consistent product. TGOD has a planned global capacity of 219,000 kgs. and is building 1,643,600 square feet of cultivation and processing facilities across Ontario, Quebec, Jamaica and Denmark. For more information, visit the company’s website at 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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CannabisNewsBreaks – IONIC Brands Corp. (CSE: IONC) (OTC: IONKF) (FRA: IB3) Secures DTC Eligibility for U.S. Markets

IONIC Brands (CSE: IONC) (OTC: IONKF) (FRA: IB3) on Wednesday announced that it has achieved eligibility by The Depository Trust Company (“DTC”) for its shares on the OTC Market in the United States. DTC, a subsidiary of the Depository Trust & Clearing Corporation (“DTCC”), manages the electronic clearing and settlement of publicly traded companies. This method accelerates the receipt of stock and cash, fast-tracks the settlement process for investors and brokers and cuts transactional costs for participating brokerage firms. DTC eligibility enables stock to be traded over a significantly broader selection of brokerage firms, as several firms require DTC eligibility as a compliance measure. “We are pleased to have secured DTC eligibility that allows trading of our shares in our home market, where IONIC BRANDS recognition is strong and most of our earliest investors reside. The ability for investors to electronically transfer between brokerages in the U.S. is significantly more convenient and provides to existing investors the benefit from greater liquidity and execution speeds, while attracting new investors to gain access that may have been previously restricted from investing in IONIC BRANDS,” IONIC Brands CEO & director John Gorst stated in the news release.

To view the full press release, visit http://cnw.fm/2nJMv

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 one of the top vaporizer brands in Washington State and has aggressively expanded throughout the West Coast of the United States. The brand is currently operating in Washington, Nevada, Oregon and California. 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

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 – Radio Frequency Technology Tweaked to Protect Marijuana Quality

Food safety companies have for long used radio frequency technology to disinfect food. Now this technology is being adopted by the marijuana industry in order to kill pathogens like mold and mildew while maintaining the quality of the marijuana.

The existing methods that were the staple in the industry all came with their own challenges, and this new technique addresses all those shortcomings.

For example, many companies use autoclave technology to disinfect marijuana. This method uses a lot of heat, pressure and steam to sterilize marijuana. While the method is effective, it also alters the taste, smell and color of marijuana. These changes make the marijuana less desirable.

Irradiation can also be used to sterilize marijuana, and this option is widespread in Canada. While effective, the method comes with serious challenges. For example, the cobalt 60 ionizing process creates carcinogens in the marijuana, and cannabis producers cannot conduct this process on their farms or processing facilities.

Hydrogen peroxide can also be used to kill pathogens. However, this only works for the pathogens on the surface of the marijuana. Hydrogen peroxide also triggers oxidation, and this results in burnt marijuana that is devoid of terpenes.

Growers can also opt for extraction in order to deal with a mold and mildew problem. While this method is effective, it converts marijuana into concentrates, and these fetch a lower price on the market yet growers want to sell marijuana flower.

As you can see, all the options above don’t pass all the necessary tests of scalability, cost-effectiveness, safety and being chemical-free. This is where the radio frequency (RF) method trounces them all.

RF equipment works by exciting the water molecules present in marijuana. The friction generated as the water molecules are excited generates heat. The equipment monitors this heat and turns off when it reaches a certain threshold.

The heat created kills all the pathogens in the substance that is being sterilized without compromising the quality of the product.

Ziel, a food and marijuana safety company, pioneered this method of killing pathogens in marijuana. Arthur de Cordova, the managing director of the company, says that they branched out into the marijuana space after a young man approached them during an expo in California and asked them to look into killing mold and mildew in marijuana since Diel specializes in sterilizing food.

They thought about that request and ended up modifying their machine so that it could handle small batches of marijuana at a time. The equipment they developed (the APEX machine) can sterilize about 20 pounds of marijuana in 15 minutes.

Industry watchers believe that marijuana companies like Canopy Rivers Inc. (TSX: RIV) (OTC: CNPOF) and Chemistree Technology Inc. (CSE: CHM) (OTCQB: CHMJF) will soon make this novel sterilization method an industry standard since it offers so many advantages that existing methods lack.

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 – Oregon Lab Offers Vitamin E Acetate Testing Services

An analytic laboratory in Oregon is offering additional testing services to detect the presence of vitamin E acetate in cannabis vape products.

Vitamin E acetate has been linked to the hundreds of people who have developed pulmonary illnesses after vaping cannabis oil, and at least six fatalities have been attributed to these tainted cannabis products. The Portland-based Pixis Labs started performing tests for vitamin E acetate on Monday.

The lab developed the test after it emerged that federal and state health authorities were investigating the possibility that the spate of lung illnesses arising after people vaped cannabis oil products could be linked to the additive (vitamin E acetate).

On its own, the additive isn’t dangerous because it is a supplement that people have taken for long either orally or topically. However, when it is combusted, it gets into lung tissues and causes similar problems to what has been reported in the media.

Why, then do people put it in vape cartridges? As media investigations have revealed, some unscrupulous people have been adding this supplement in cannabis oil in order to dilute it or make it thinner.

The motivation for the inclusion of this additive are twofold. First, those making counterfeit vape cartridges may be unable to make cannabis oil whose viscosity is low enough to allow the oil to be vaped. In order to thin the oil, these illicit entities add vitamin E acetate to cannabis oil.

Secondly, cannabis oil is a highly priced product. It is therefore possible that unregulated actors are taking advantage of the high demand for cannabis oil by adulterating it with vitamin E acetate in order to make more money from a small amount of cannabis oil.

Pixis Labs general manager Derrick Tanner revealed that the testing facility had run several tests using samples provided by consumers in order to validate how well the testing equipment works. He was however tightlipped as to whether those initial tests had detected the additive in any of the samples provided.

Tanner added that 3grams of cannabis oil are needed to conduct this test that currently costs $140 at the lab.

Currently, the Oregon Liquor Control Commission hasn’t yet issued any regulatory changes in light of the risks posed by cannabis vape oil tainted with vitamin E acetate. For example, the labelling guidelines still don’t require processors to indicate what additives are present in the vape oil.

However, the state agency has announced that it will not hesitate to take any action necessary in order to protect the public from this emerging public health threat. The Trump administration plans to ban flavored e-cig nicotine liquids.

It isn’t clear whether this ban will also apply to vape cartridges that don’t contain nicotine, such as those having cannabis oil. That notwithstanding, experts think industry participants, such as Youngevity International Inc. (NASDAQ: YGYI) and Cannabis Stragetic Ventures Inc. (OTCQB: NUGS), would welcome any measure taken to bring this latest health threat to an end.

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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HempNewsBreaks – HTC Extraction Systems (TSX.V: HTC) Securing Several Hemp Biomass Tolling Contracts

HTC Extraction Systems (TSX.V: HTC), a gas, liquids and biomass extractor and refiner, recently entered into a tolling agreement to process five million kilograms of hemp biomass. An article discussing the company reads, “HTC recently announced its entry into a hemp-biomass tolling agreement, which will involve the processing of hemp biomass for the 2019 crop year (http://cnw.fm/F0npj). The agreement covers 4,200–5,000 acres of hemp in Saskatchewan, utilizing five varieties of Health Canada-approved cultivars as the genetic foundation. HTC will process an estimated five million kilograms of hemp biomass to extract CBD full-spectrum oil (FSO). The company will be paid a ‘toll fee,’ or a percentage of the extracted CBD FSO distillate, for its processing, extraction, purification and distillation services. Toll fees are payments made to companies that provide specialized manufacturing or processing services. . . . Additionally, HTC is in negotiations with a large hemp-biomass producer that has some 60,000 acres of hemp under cultivation. The company intends to enter into a tolling contract with this producer for production crop years 2019, 2020, 2021 and beyond. Hemp biomass tolling contracts with producers are also being negotiated in the United States for the 2020 hemp-crop growing year, under which HTC will provide local-to-grower, drying-to-biomass storage capability and transportation of dried biomass to an HTC extraction facility.”

To view the full article, visit http://cnw.fm/h8Abi

About HTC Extraction Systems

HTC Extraction Systems has developed proprietary hemp-biomass, gas and liquid extraction systems that have been designed for the extraction of hemp biomass and the distillation and purification of ethanol and ethanol-based solvents used for this extraction. The HTC Extraction System(TM) has been engineered to reduce capital and operating costs while at the same time delivering superior performance by reducing energy usage, lowering emissions and improving the quality of the product being produced. For more information, visit the company’s website at www.HTCExtraction.com.

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

About HempWireNews

HempWireNews (HWN) is a dedicated information provider focused on (1) aggregating hemp-related news, (2) issuing HempNewsBreaks designed to update investors on the latest developments in the hemp market, (3) enhancing corporate news releases, (4) providing full-service distribution and social media offerings to public and private client-partners and (5) designing and implementing all-inclusive corporate communication solutions. HNW is strategically positioned within the rapidly expanding hemp sector with a team of journalists working to help a growing roster of public and private companies reach a wide audience of investors, consumers and members of the media. We leverage a vast network of more than 5,000 key syndication outlets to deliver unparalleled visibility, recognition and content to the hemp industry. HempWireNews (HWN) is where HEMP news, content and information converge.

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CannabisNewsBreaks – Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Releases of Q4 and 2019 Fiscal Year End Financial Results

Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) on Tuesday announced the release of its financial and operating results for the fourth quarter and fiscal year ended June 30, 2019. Among the results, the company reported achievement of its first positive Adjusted EBITDA quarter of $3.2 million, a 90% increase in net revenue to $19 million in Q4 2019, up from $10 million in Q3 2019, as well as a 370% increase in fiscal total revenue to $41.8 million in 2019, up from $8.9 million in 2018. “We end fiscal 2019 as one of the few Canadian cannabis businesses building sustainable operations and valuable brands, reporting $3.2 million in Adjusted EBITDA for the fourth quarter,” Supreme Cannabis CEO Navdeep Dhaliwal said in the news release. “Our positive Adjusted EBITDA and significant revenue growth in the fourth quarter reflects the rapid scale of our 7ACRES business and continued strong sales pricing for our brands from the provinces as we transition our premium supply to recreational sales channels.”

To view the full press release, visit http://cnw.fm/5YVzh

About Supreme Cannabis

The Supreme Cannabis Company is a global diversified portfolio of distinct cannabis companies, products and brands. Since 2014, the company has emerged as one of the world’s fastest-growing, premium plant driven-lifestyle companies by effectively deploying capital, with an emphasis on disciplined growth and high-quality products. Supreme Cannabis’ portfolio includes 7ACRES, its wholly-owned subsidiary and multi-award-winning brand; Blissco Cannabis Corp., a wellness cannabis brand and a multi-licensed processor and distributor based in British Columbia; Truverra Inc., a global medicinal cannabis brand and licensed cultivator; Cambium Plant Sciences, a plant genetics and cultivation IP company; Medigrow Lesotho, an cannabis oil producer located in southern Africa; Supreme Heights, an investment platform focused on CBD brands in the UK and Europe and a brand partnership and licensing deal with Khalifa Kush Enterprises Canada. For more information, visit the company’s website at www.Supreme.ca.

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

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