Author: CannabisNewsWire (CNW)

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

HempNewsBreaks – SinglePoint, Inc. (SING) to Present Hemp Cigarettes at National Association of Convenience Stores Exhibition

Technology and investment company SinglePoint (OTCQB: SING) today announced that it will present its latest product by Pure, a 100% American grown smokable Hemp Cigarette, at the National Association of Convenience Stores (“NACS”) Exhibition. According to the update, SinglePoint will exhibit the Pure product in booth 5653 and showcase it to major store chains among others at the show expected to draw over 23,000 attendees. “I am very excited to be back at NACS,” SinglePoint CEO Greg Lambrecht said in the news release. “In 96’ I was distributing cigars at this show and that ended up growing to 30,000 accounts stemming from this show. We believe this is going to be a huge success for us and we are excited to launch this product at the largest, most respected show in the industry.”

To view the full press release, visit http://cnw.fm/PoK9q

About SinglePoint, Inc.

SinglePoint, Inc. is a technology and investment company with a focus on acquiring companies that will benefit from the injection of growth capital and technology integration. The company portfolio includes mobile payments, ancillary cannabis services and blockchain solutions. Through acquisitions into horizontal markets, SinglePoint is building its portfolio by acquiring an interest in undervalued companies, thereby providing a rich, diversified holding base. Through SingleSeed, the company is providing products and services to the cannabis industry. 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

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 – Marijuana Company of America Inc. (MCOAD) Announces Official Launch of VivaBuds in San Fernando Valley

Innovative hemp and cannabis corporation Marijuana Company of America (OTCQB: MCOA, MCOAD)today announced the official launch of its premium cannabis delivery service, VivaBuds, in California’s San Fernando Valley. The launch is a result of the company’s previously-announced 20% ownership interest acquisition of Natural Plant Extract of California (“NPE”) to establish a joint venture to create VivaBuds, a California marijuana delivery company offering customers a dynamic opportunity to purchase low-cost premium cannabis products directly from farmers using a “Tell a Friend” approach. “We are extremely pleased to have officially launched our delivery service throughout the San Fernando Valley, where demand for cannabis continues to increase unabatedly,” MCOA CEO Donald Steinberg said in the news release. “We believe that by providing delivery and our high-quality premium products to our consumers, we will increase revenues, expand margins, and improve our overall brand recognition. I am confident that this new endeavor dovetails perfectly with our commitment to become a global leader in the legal production, processing, and distribution of cannabis products. Going forward, management will continue to leverage strategic operations and decisions that enhance value for all our shareholders.”

To view the full press release, visit http://cnw.fm/jyU80

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, which targets general health and well-being; (2) an affiliate marketing program to promote and sell its legal hemp-based consumer products containing CBD; (3) leasing of real property to separate business entities engaged in the growth and sale of cannabis in those states and jurisdictions where cannabis has been legalized and properly regulated for medicinal and recreational use; and (4) the expansion of its business into ancillary areas of the legalized cannabis and hemp industry as the legalized markets and 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 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 – Grapefruit Boulevard Investments Inc. (IGNG) Engages Singer Lewak in 2018/2019 Audits

Grapefruit Boulevard Investments, a Los Angeles based cannabis company which has been licensed by the state of California to both manufacture and distribute cannabis products in California since January 2018, has engaged Singer Lewak, LLP of Los Angeles to audit its financial statements. According to the update, the audit will cover financial statements as of and for the fiscal years ended April 30, 2018 and 2019 (the “Grapefruit 2018/2019 Audits”). As a result of its reverse acquisition of IGNG, closed in mid-July 2019, Grapefruit is now a wholly-owned subsidiary of Imaging3, Inc. (OTCQB: IGNG). The financial statements covered by the 2018/2019 Grapefruit Audits will report the results of operations for Grapefruit for those two fiscal years from Grapefruit’s inception through April 30, 2019. Work on the Grapefruit 2018/2019 Audits has commenced and it will timely file its “Super 8-K” report, which will disclose the reverse acquisition details, Grapefruit’s past and ongoing business and include pro forma consolidated IGNG/Grapefruit financial statements. “We are very pleased to have been approved and accepted as an audit client by Singer Lewak, LLP,” Grapefruit CEO Bradley J. Yourist said in the news release. “With the engagement of Singer Lewak, we have attained yet another important goal in a timely fashion as we move methodically toward our overall goal of becoming a top fully integrated cannabis and hemp company.”

To view the full press release, visit http://cnw.fm/j09Mi

About Grapefruit Boulevard Investments Inc.

Grapefruit Boulevard Investments, a wholly owned subsidiary of Imaging3 Inc. (OTCQB: IGNG), holds California permits and licenses to both manufacture and distribute cannabis products. Grapefruit’s cannabis and CBD extraction laboratory and distribution facilities are located in the industry recognized as Coachillin’ Industrial Cultivation and Ancillary Canna-Business Park in Desert Hot Springs. Grapefruit obtained its California cannabis licenses in January 2018 and commenced distribution of cannabis products thereafter. Grapefruit’s vision is to become a seed-to-sale, fully vertically, integrated ethical and compliant cannabis and CBD product company. For more information, visit the company’s website at www.GrapefruitBlvd.com.

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

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CannabisNewsBreaks – Willow Biosciences Inc. (CSE: WLLW) Engages The Howard Group; Presenting at the 8th Annual Gateway Conference

Willow Biosciences (CSE: WLLW), a leading developer of biosynthetic production systems for high-value, plant-derived active pharmaceutical ingredients (“APIs”) and intermediates, on Tuesday announced its engagement of The Howard Group as its capital markets communications advisor. The engagement is for twelve months at a fee of $9,000 per month, effective August 15, 2019, and is renewable after six months. In this role, The Howard Group will assist Willow with traditional and online initiatives that target the investment community in addition to institutional and retail investing groups. The Howard Group will also provide ongoing commentary on the company’s activities through its blog (http://cnw.fm/7VSvJ). Additionally, Willow announced that it will be presenting at the 8th Annual Gateway Conference taking place at the Four Seasons Hotel in San Francisco at 1:00 PM PT on Thursday, September 5th. Willow management will also be holding one-on-one meetings throughout the conference.

To view the full press release, visit http://cnw.fm/I7CJh

About Willow Biosciences Inc.

Willow is a Canadian biotechnology company based in Calgary, Alberta, that produces high purity, plant-derived compounds that provide building blocks for the global pharmaceutical, health and wellness, and consumer packaged goods industries. Willow’s current focus is in the production of cannabinoids for the treatment for pain, anxiety, obesity, brain disorders, among other significant indications. Willow’s science team has a proven track record of developing manufacturing technologies for high purity compounds in pain and cancer treatments. Willow’s manufacturing process creates a consistent, scalable and sustainable product that allows for the discovery and development of new life changing drugs. For more information, visit the company’s website at www.WillowBio.com.

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

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 – USDA Publishes Report on the Status of the Canadian Hemp Industry

The U.S. Department of Agriculture (USDA) has released a report that provides details about the status of the hemp industry in neighboring Canada.

The six-page document which was authored by the Agriculture Attaché Evan Mangino indicates that while hemp was legalized in Canada close to 20 years ago and the U.S. only did so last year, the two countries are facing identical regulatory challenges.

Last year, Canada exported approximately 5,400 metric tons of hemp seeds. About 70 percent of those exports were to the U.S., but this figure is expected to drop a great deal once U.S. hemp farmers start harvesting their crop this year.

Until recently, farmers in the U.S. complained that it was hard for them to access viable hemp seeds from Canada. This prompted the USDA to write a clarification in April that under the 2018 Farm Bill, it was legal to import this planting material.

The report also states that most of the hemp grown in Canada is for nonviable hempseed. This is used to make hemp protein powder, hemp meal, hemp flour, hemp-based snacks and hulled hemp seeds.

The current regulatory framework in Canada doesn’t allow hemp or its products to be used as animal or pet food, and CBD isn’t allowed to be used as an ingredient in health supplements. However, the country plans to allow the manufacturers of livestock feed single ingredients (hemp seeds or hemp oil, for example) to apply and get approval to use the product for that purpose.

The hemp and natural products’ industries in Canada have continued to campaign so that the country designs a separate regulatory mechanism for products containing CBD, according to the status report published.

Veterinary associations in Canada have also been pushing for a legal pathway through which the members of those associations can start prescribing products containing cannabinoids, such as THC and CBD, to animals.

However, Canada has only approved one company to conduct clinical trials into the use of CBD and THC to manage anxiety in pets.

Despite the full legalization of cannabis in Canada, there are only three ways through which people can obtain CBD products.

First, residents can buy these products from retailers that have been licensed by provincial governments. This is similar to what happens for marijuana.

Secondly, Canadians can buy CBD products from medical marijuana dispensaries if those interested people are patients registered for the program and they have a prescription from a medical professional.

Alternatively, one can buy drugs containing CBD if the individual has a prescription for that drug and the specified drug has been vetted or approved by the appropriate health care authorities.

These ways to access CBD seem to be identical to what is currently prevailing in the U.S., and since the FDA has suggested that Congress may have to step in or else the agency takes years to develop alternative rules, there seems to be no quick solution to the regulatory challenges.

Industry watchers believe industry actors like Sugarmade Inc. (OTCQB: SGMD) and The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) are confident that appropriate regulations will eventually come and end all the uncertainty in the industry.

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 – Israel to Triple Medical Marijuana Production

According to Israeli media, the government has issued an additional seven medical marijuana cultivation licenses. This decision will result in the tripling of the amount of medical marijuana grown in the country.

The seven companies granted cultivation licenses are Elpis Flora, Briev Agricultural Crops, Medical Cannabis Growing, Rami Sela, Shavit Agro, Natali Buskila and S. Sydan. It is expected that these seven entities will be in position to avail medical marijuana products to Israeli pharmacies by the end of this year.

This week also marks the overhaul of the medical marijuana program in Israel as new regulations come into force. These regulations require medical marijuana producers to sell their products to licensed medical marijuana pharmacies instead of selling those products directly to the certified patients. This move has added the layer of a middleman (the pharmacies) to the industry.

To make the transition smooth, regulators have said that starting with September, medical marijuana producers in the country will be expected to sell at least 10 percent of what they produce to pharmacies.

The volume sold to pharmacies must increase by 10 percent every month so that come January 2020, the entire volume of products grown by licensed cultivators is sold to pharmacies.

Medical marijuana patients and medical marijuana producers in the country have vehemently protested against these changes because the most likely outcome will be an increase in the price that patients have been paying for these products since pharmacies will add a markup to the price at which they buy the products from producers.

However, the government is adamant that the changes will go ahead because they want all products to go through an official distribution channel through which their quality can be checked to confirm that those products meet international standards.

True to the carrot and stick method of management, the government has dangled a juicy carrot to producers who make the necessary changes quickest. Those producers who are the fastest in selling all their products through pharmacies will be considered first when the country starts issuing medical marijuana export licenses.

That bait is irresistible because medical marijuana companies have been crying out for the process of issuing export licenses to be expedited. The companies know that with a limited Israeli population, long-term success can only come when they are allowed to access international markets.

President Reuven Rivlin has called a meeting this week in which the concerns of patients will be discussed so that the anticipated product shortages as strict standards are enforced so quickly can be minimized or avoided. Prime Minister Netanyahu will also attend that meeting.

At the moment, analysts believe that cannabis industry actors like Organigram Holdings Inc. (TSX: OGI) (NASDAQ: OGI) and Plus Products Inc. (CSE: PLUS) (OTCQB: PLPRF) are hoping that their industry counterparts in Israel have a smooth transition to the new rules so that patients aren’t unnecessarily inconvenienced.

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CannabisNewsBreaks – TransCanna Holdings Inc. (CSE: TCAN) (FRA: TH8) Releases Corporate Update

TransCanna Holdings Inc. (CSE: TCAN) (FRA: TH8) this morning announced its appointment of President and CEO Steve Giblin, who will also continue as an executive director for the company while Arni Johannson will remain its chairman of the board. The company thanks former CEO Jim Pakulis for his efforts launching TransCanna and establishing multiple strategic relationships. Per the update, Giblin has led the rapid growth of multiple companies in Europe, Canada and the United States and has worked closely with other industry leading brands with C-suite relationships that include Marriott, Hilton, Bentall Kennedy and Great West Life. “Significant effort has been made in the past few months to ensure TransCanna has the right strategies and fiscal plan to give the company a solid platform for growth,” TransCanna President and CEO Steve Giblin said in the news release. “We have seen a complete team effort with incredible synergies coming together, full thanks to every team member from Santa Cruz, Modesto and our Canadian Public entity.”

To view the full press release, visit http://cnw.fm/L3v9g

About TransCanna Holdings Inc.

TransCanna Holdings Inc. is a Canadian-based company focused on providing integrated branding, transportation and distribution services, through its wholly-owned California subsidiaries, to a range of industries including the cannabis marketplace. For more information, visit the company’s website at www.TransCanna.com.

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

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HempNewsBreaks – SinglePoint, Inc.’s (SING) Direct Solar to be Energy Solutions Provider for First of its Kind Hemp Distribution Center

Technology and investment company SinglePoint (OTCQB: SING) today announced that its subsidiary, Direct Solar of America, is planning along with GSX International Group and other larger corporations a first of its kind Hemp distribution center. Per the update, Direct Solar will provide all energy solutions to production and distribution centers, as well as energy solutions to independent farmers in the co-op. Direct Solar will also facilitate the selling or assigning of ITCs between the farmers and centers or other third parties. The expansion into hemp represents an opportunity to enter what is projected to be a multi-billion dollar market in just a few short years and, given the current solar tax incentives along with opportunity zone exemptions, there is an enormous potential for overall profit. With this financial incentive, the project is expected to be fully profitable within three to four growing cycles.

To view the full press release, visit http://cnw.fm/iOMf7

About SinglePoint, Inc.

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

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CannabisNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Receives Health Canada Approval to Expand Operations into Hamilton Hybrid Greenhouse

Cannabis-focused research and development company The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF) today announced its receipt of Health Canada approval, under the Cannabis Regulations, to expand operations into its new Hamilton, Ontario-based hybrid greenhouse. According to the update, the state-of-the-art 123,000 square foot facility will serve to increase TGOD’s premium organic cannabis production as it expands sales in Canada. “We are thrilled to start using this purpose-built hybrid greenhouse as we ramp up our production of premium organic cannabis, an underserved segment of the market,” TGOD CEO Brian Athaide stated in the news release. “Our team pioneered the concept of growing organic cannabis at scale; this hybrid greenhouse has been artfully designed for organic cultivation, allowing us to reliably produce clean, safe and non-irradiated cannabis.”

To view the full press release, visit http://cnw.fm/O4rjO

About the Green Organic Dutchman Holdings Ltd.

The Green Organic Dutchman 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, which distributes premium-hemp CBD oil in the EU. The company grows high-quality, 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 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

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420 with CNW – Study Finds the Presence of Marijuana Reduces Local Crime Rates

Many opponents of marijuana legalization have often argued that legalization would open the door to higher crime rates within the neighborhoods where cannabis dispensaries are located. However, a study done in Denver has shown that in the neighborhoods where cannabis dispensaries are opened, crime rates tend to reduce in comparison to the neighborhoods without marijuana dispensaries.

The researchers write that when a marijuana dispensary is opened in an area, a crime reduction rate of 19 percent is noted relative to the overall crime rates within the period under study. This monthly reduction in crime was computed on the basis of neighborhoods with 10,000 residents.

The data used in this study was taken from the monthly crime-related data released by different localities in Denver, Colorado between January 2013 and December 2016. Recreational marijuana sales started in 2014 across the state, and this provides a detailed data set for analysis.

The researchers also took a close look at the location of medical and recreational marijuana dispensaries that opened and those that later closed in different parts of Denver. The team concluded that there was a tendency for marijuana dispensaries to open in the poorer neighborhoods or those with larger populations of minorities.

The team also found that during the period of inquiry, crime rates in Denver increased by about 1.7 percent. The exception to this general rule were neighborhoods in which marijuana dispensaries were opened.

While the researchers admitted that the positive effects of opening a marijuana dispensary were localized in terms of the reduction in crime rates, they were however convinced that when these good effects in different neighborhoods hosting marijuana dispensaries are aggregated, a general benefit can accrue to the entire city.

As for the actual crimes for which a reduction was noted, nonviolent crime was the most noticeable. These included simple assault, trespass, criminal mischief and public disorder, among others.

Regarding drug-related crime, the research revealed that there was a reduction of 2.3 such crimes crimes each month for a neighborhood having 10,000 residents. There were also slight declines in the number of crimes related to heroin, cocaine and methamphetamine.

The researchers were of the view that the increased presence of police in areas with marijuana dispensaries could explain why the crimes related to other drugs like cocaine may have reduced in those areas.

These results give further proof to the conclusions of an earlier study in 2017 which showed that the opening of alcohol retail establishments brought more crime to an area when compared to the opening of marijuana retail facilities.

Analysts believe that marijuana industry actors like Nabis Holdings (CSE: NAB) (OTC: NABIF) (FRA: 71P) and Neutra Corp. (OTCQB: NTRR) feel the industry is vindicated when such research findings are made showing that some of the negative effects attributed to the industry aren’t true.

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