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

Passage of California Assembly Bill Expected to Spur More Growth in the Hemp, CBD Markets

CannabisNewsWire Editorial Coverage: With a powerhouse economy worth more than $3 trillion, California’s economy ranks as the fifth largest in the world. Current legislation is expected to pave the way for the state’s hemp market to explode.

With a series of smart acquisitions and brand expansions, Sugarmade Inc. (OTCQB: SGMD) (SGMD Profile)appears to be a strong pick-and-shovel presence as California looks at passing hemp-friendly legislation. Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) just announced a new hemp-based acquisition, while Greenlane Holdings Inc. (NASDAQ: GNLN) and The Green Organic Dutchman (TSX: TGOD) (OTCQX: TGODF) (TGOD Profile) have both inked deals that strengthen their presence in the hemp industry as well. KushCo Holdings Inc. (OTCQX: KSHB), another industry supplier, just created a new sales division aimed at mass distribution, industry education and compliance, and building CBD-brand distribution networks.

  • Pending California legislation could rewrite hemp demand in California, whose economy ranks as fifth largest in the world.
  • A more welcome legal environment is expected to create significant additional demand in the marketplace.
  • Sugarmade’s careful strategy may place the company in an ideal position as the industry prepares for change.

To view an infographic of this editorial, click here.

Legislation Could Warm Up State’s Hemp Market

No state has had a bigger impact on the growth of consumer hemp and CBD products than California. But the Golden State may just be getting warmed up relative to hemp and CBD consumption. Current state legislation — Assembly Bill 228 — could rewrite the hemp demand equation for farmers and industry supplies across the entire United States.

While California has been liberal relative to cannabis legalization, state regulators have been downright prudish relative to allowing hemp cultivation and the use of CBD added to food and beverages. This attitude could all change soon as California’s state senate has until September 15, 2019, to pass AB 228. The legislation, which clarifies the statues of CBD in foods and drinks, passed with a unanimous vote in California’s Assembly, and California Gov. Gavin Newsom is widely expected to sign the bill into law, making the legislation effective immediately.

Hydroponics Critical Link in Hemp Cultivation

The California market fully opening to CBD in food and beverage is expected to create significant additional demand in the marketplace. Not only will consumer brands benefit but so too will cultivators and those companies that supply the industry, including companies such as Sugarmade Inc. (OTCQB: SGMD).

Sugarmade is a brand development company with a focus on providing hydroponics to the burgeoning hemp market. That’s why companies such as Sugarmade are a critical link in the hemp-farming process. Essential to growing consistent, high-grade hemp, hydroponics provides critical lighting equipment necessary to control photosynthesis, specialized nutrient mixes to provide plants with the food they need, and measurement solutions and environmental controls used by staff to measure, monitor and control the quality, strength and health of the plants.

Companies with expertise in hydroponics are essential in the hemp-industry supply chain, but because of the previously restricted market, these companies have been relatively small. All that is changing as numerous companies look to meet the needs of the growing hemp market, and Sugarmade appears set to become a leader among these companies.

Sugarmade’s calculated strategy entails deliberate growth on two fronts: organically by brand expansion and through acquisitions. Sugarmade has been working on a handful of deals that provide it with key components that may place the company in an ideal position as the industry prepares for change, especially in California.

“Sugarmade plans to integrate these businesses fully as soon as is possible, making us one of the larger suppliers to this growing marketplace,” said Jimmy Chan, CEO of Sugarmade. “Additionally, we are in the process of vetting other possible acquisitions to further enhance the portfolio of hydroponic and cultivation supply products. We are certainly excited about our prospects for the remaining part of this year and into next year.”

Sugarmade Strengthening Position as Industry Leader

Sugarmade has been actively seeking acquisitions and executing new supply contracts to strengthen its place as a leader in the hemp-industry supply space. The company’s most recent action involves exercising its option to invest in Hempistry Inc, a company founded by Sugarmade’s own Chan. Utilizing advanced plant genetics and technological innovation, Hempistry is now scaling operations to approximately 2,600 acres aggregated between its subsidiaries, while adding to the product value chain and enhancing production efficiencies.

“These investments into Hempistry make sense for Sugarmade, not only from a financial standpoint relative to probable rate of return, but also from a business development standpoint,” said Chan. “As Hempistry and other local cultivators grow, we believe Sugarmade’s status as a potential supplier to cultivators will also continue to rise.”

Sugarmade’s other brands in the hemp sector include Zenhydro.com, a comprehensive online hydroponics supply outlet; AthenaUnited.com, a specialist company providing hydroponic supplies to large commercial cultivators; CarryOutSupplies.com, a leader in paper and plastic supplies; and BudLife Cannabis Storage Solutions, which offers the world’s only patented intelligent packaging, storage and distribution for medicinal plants.

The company also recently announced that it is set to acquire the flagship operation of Hydro4Less, which is expected to produce about $5 million in revenues and be profitable this year. In the agreement, Sugarmade gained an option to purchase two additional Hydro4Less retail operations, currently producing in excess of $20 million annually.

In addition, expanding on an already-existing marketing agreement with Bizright LLC, SGMD announced that it will acquire Bzrth Inc. These accretive acquisitions will make Sugarmade one of the largest publicly traded hydroponic supply companies in the world.

Companies Moving into Welcome Environment

As legislation in the United States moves toward creating a more welcome environment, Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) has established a new growth opportunity in the United States with its acquisition of a hemp-based products platform, Redwood Holding Group LLC. CRON has entered into a definitive agreement to acquire four of Redwood’s operating subsidiaries. Redwood manufactures, markets and distributes hemp-derived, CBD-infused skincare and other consumer products online and through retail and hospitality partner channels in the United States under the brand, Lord Jones(TM). Redwood’s products use pure hemp oil that contains natural phytocannabinoids and terpenes found in the plant. The transaction is expected to close in 3Q 2019, subject to customary closing conditions and regulatory approvals.

Greenlane Holdings Inc. (NASDAQ: GNLN), one of the largest global sellers of premium cannabis accessories, CBD and liquid nicotine products, recently announced an exclusive U.S. distribution partnership with Cookies for the national launch of the Cookies hemp-derived CBD product line, including Cookies CBD cartridges for the G Pen Gio. Cookies CBD products will feature terpene profiles inspired by famous Cookies strains, such as Cereal Milk, London Pound Cake 75, and Gelatti. “We are positioning ourselves as a CBD category captain, building a portfolio of the most-respected brands in the sector through exclusive distribution agreements,” said Greenlane chairman and CEO Aaron LoCascio. “Over the past several months, we have signed exclusive distribution agreements to build a portfolio of the best existing and new CBD offerings, including exclusive deals with Bloom Farms, Cookies, Select, Mary’s Nutritionals, and Slang. The pace of these particular partnerships illustrate that Greenlane continues to be the partner of choice for cannabis brands that seek to build global brands with hemp-derived CBD products.”

The Green Organic Dutchman (TSX: TGOD) (OTCQX: TGODF) (TGOD Profile) recently signed a multiyear agreement with Neptune Wellness Inc. for extraction, formulation and packaging services, including exclusive rights on processing and manufacturing of certified organic products for the Canadian market. The largest deal for a processor to date, the agreement cements TGOD’s leadership position in organic consumer wellness products and represents a significant investment in high-value manufacturing and supply chain jobs. Neptune’s expertise will enable TGOD to quickly scale up production of a wide range of consumer wellness products. Under the terms of the agreement, TGOD will allocate more than 230,000 kilograms of cannabis and hemp biomass for Neptune to process and transform into premium certified-organic consumer wellness products. The contract between TGOD and Neptune covers a period of three years and is expected to be back-end loaded with the first year accounting for approximately 20% of the total value.

KushCo Holdings Inc. (OTCQX: KSHB) is expanding its platform by launching a new retail services division. Led by an experienced team, the division is designed to facilitate partnerships with large-scale, go-to-market operations focused on CBD mass distribution. The new business unit will also focus on industry education and compliance as well as building distribution networks of CBD brands across conventional retail channels. “The maturation of the cannabis industry has opened up countless avenues for business development across the industry’s supply chain,” said KushCo Holdings president and CRO Jason Vegotsky. “The cannabis industry continues to scale at an ever-increasing rate, and we are excited to be adding two seasoned CPG sales veterans with analytical and customer-centric backgrounds to our team.”

As the attitude surrounding hemp cultivation, distribution and use continues to warm up, opportunities within the industry are certain to increase. Companies that are committed to providing quality services within the space look to benefit exponentially as the market appears certain to expand.

For more information on Sugarmade, visit Sugarmade Inc. (OTCQB: SGMD)

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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420 with CNW – Thailand Turns Confiscated Marijuana into Medical Products

Thailand legalized medical marijuana last year and it started distributing cannabis oil in state-run hospitals last week. Now the Thai authorities have announced that they will be turning over any seized illegal marijuana to the government agency making cannabis oil for distribution in government-run hospitals.

This week, the police confiscated one ton of marijuana from a criminal gang. Rather than destroy this bust, the Thai authorities have made a decision to transfer the marijuana to the Department of Traditional Alternative Medicine as well as the Department of Medical Sciences.

These two entities are authorized to process the marijuana into about 600,000 bottles of cannabis oil for distribution through the state-run medical marijuana program. 5kg from this 1,000kg batch will be retained by the Medical Sciences department for experimental purposes.

The Thai Office of Narcotics Control revealed that they had received approval to hand over the confiscated marijuana to be processed into medicinal products for use domestically. The Thai authorities seem to be sure about the purity of the seized marijuana, which could explain why they have taken this unusual step of “repurposing” it for medical use.

This month, the medical marijuana project of Thailand has been able to make 10,000 bottles of marijuana oil. Most of this consignment is already en route, or has already reached the hospitals that will be dispensing it to patients.

The first marijuana crop grown by the state flowered in May. That harvest is what the state processed into the oil it dispatched to state-run hospitals. However, this marijuana isn’t enough to meet the existing demand, and the government has turned to using confiscated marijuana as it ramps up its own production capacity.

Patients can get a prescription for medical marijuana if they suffer from chronic pain, epilepsy, Parkinson’s and Alzheimer’s. People who would like to deal with the side effects of chemotherapy can also legally use medical marijuana in the country.

Anutin Chamvirakul, the Thai Health Minister, reassured those who are worried about the potential abuse of medical marijuana that no such thing will happen. He explained that since everything is being done under medical supervision, the dosage that patients are taking will not cause any addiction or drug abuse issues.

This reassurance doesn’t seem to have convinced the International Narcotics Control Board. The group stated that they were “deeply concerned” by the rate at which Thailand was changing its marijuana laws.

Marijuana industry watchers think entities like Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) and Green Hygienics Holdings Inc. (OTCQB: GRYN) would find the use of confiscated marijuana in the state medical marijuana program of the Thai government bold but creative.

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 – Minnesota Governor Instructs State Agencies to Get Set for Marijuana Legalization

The Democratic governor of Minnesota is taking steps to prepare the state for the possible legalization of marijuana next year. This came to light when Gov. Tim Walz (D) was hosted during a radio program.

Different agencies, such as those charged with matters of revenue, public health and safety, have all been put on notice to get ready to swing into action as soon as lawmakers pass the appropriate law.

Ryan Winkler, the Democratic House Majority Leader, also revealed that he would sponsor a marijuana legalization bill during the 2020 legislative session.

In an editorial he authored, Winkler underscored the necessity of taking action on marijuana legalization and expressed his displeasure regarding the blockage in the Senate of a proposal that would have seen a committee established to study and find answers to the different concerns raised about legalizing recreational marijuana in Minnesota.

While the governor and the leadership of the state Assembly support marijuana legalization, efforts in this direction are likely to face stiff resistance in the Senate which is controlled by Republicans.

For example, Paul Gazelka (R), the Senate Majority Leader, said that the proposal which was defeated in March wasn’t good for Minnesota. He has also vowed to block any legalization bill that gets to the Senate because, in his view, “due diligence has been done and there are lots of negative issues related to legalizing recreational marijuana.”

Winkler and other lawmakers who want to see a legalization law enacted therefore have their work cut out for them on this bumpy road ahead.

As a way to build consensus on matters of marijuana legalization, Winkler plans to conduct a listening tour in order to hear what residents have to say about this matter. The information he gathers will form part of what his draft law will include.

Minnesotans for Responsible Marijuana Regulation, a pro-marijuana advocacy group, is also involved in efforts to reform the marijuana laws of the state. The group reported that they had met with Gov. Walz last week and the two parties discussed matters of cannabis legalization.

Cannabis for Economic Growth, a marijuana advocacy political group, is also campaigning for marijuana legalization. This group emphasizes the economic benefits that can accrue when marijuana is made legal for recreational use by adults.

The Minnesota branch of anti-marijuana legalization group, SAM (Smart Approaches to Marijuana) also seems to be resigned to the fact marijuana will eventually be legalized in the state and they are urging for caution in the way the legalization process is handled.

While the odds may appear to be stacked against those who want to push for a legislative approach to the legalization of marijuana, experts share the view that industry participants like Geyser Brands Inc. (TSX.V: GYSR) and Grapefruit Boulevard Investments Inc. (OTCQB: IGNG) would rather go with this method than go through a ballot measure that is time-consuming.

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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CBDNewsBreaks – Why Neutra Corp. (NTRR) Is ‘One to Watch’

Neutra (OTCQB: NTRR) is an early-stage research and development company focused on modern healthy-living solutions. A recent article discussing the company reads, “Neutra is concentrating on developing into a vertically integrated company able to cultivate, manufacture and distribute hemp-based cannabidiol (‘CBD’) products. Hemp-based CBD consumer products generated sales of up to $390 million in 2018 with projections pointing to a $3 billion market by 2022, according to the Hemp Business Journal. . . . Neutra’s new broadened scope, which includes the commercialization of newer, more effective products, aims to capitalize on this worldwide boom. The company is seeking new and exciting opportunities that can accelerate Neutra’s mission to bring these products to a wider demographic. Our work reflects a renewed dedication to supporting a better body, environment and life for people around the globe.”

To view the full article, visit http://cnw.fm/FOIh1

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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CBDNewsBreaks – Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Pursuing Opportunities in European CBD Health, Wellness Markets

Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) recently debuted its London-based investment platform, Supreme Heights. The platform was launched to pursue opportunities in the United Kingdom and European CBD health and wellness markets. A recent article discussing the company reads, “‘Supreme Cannabis is positioned to quickly act on attractive opportunities and establish an early-mover advantage in the space,’ Supreme Cannabis CEO Navdeep Dhaliwal stated in a news release. ‘Supreme Heights will benefit from our experience launching some of the most premium cannabis brands in Canada and from the strong leadership and the deep industry connections of our UK partners.’ . . . Supreme Heights CEO Patrick Morton said that, with the guidance of Supreme Cannabis, his company would seek to make targeted investments in value-add categories and diverse segments including vaporizers, edibles, beverages, topicals and ancillary services.”

To view the full article, visit http://cnw.fm/tR42P

About the Supreme Cannabis Company Inc.

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 multiaward-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, a 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/SPRWF

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 – CWCBExpo Heading to Los Angeles September 26 to 28, 2019

Leading Edge Expositions, a company specializing in B2B trade show production, today announced further details for the upcoming Cannabis World Congress & Business Exposition (“CWCBExpo”). The event is slated to take pace in Los Angeles, California and will run from September 26 – 28, 2019, at the Los Angeles Convention Center. A number of high-powered sponsors are supporting the expo, including its diamond sponsor, Freed, a prominent CBD company known for promoting healthy living. Marcum LLP, an accounting group; Zuber Lawler, a global law firm; and CCELL, known for its disruptive vaping technology are among other top sponsors. The conference will provide excellent networking opportunities and a packed schedule that will include workshops and interesting and informative speeches covering the cannabis industry from a myriad of angles.

To view the full press release, visit http://cnw.fm/GLZc5

About Cannabis World Congress & Business Expositions (“CWCBExpo”)

CWCBExpos are the premier business-to-business events for the legalized cannabis industry and are held three times per year in the largest financial, business and media markets—New York, Los Angeles and Boston. Connect on Twitter, Facebook, Instagram, and LinkedIn: @cwcbexpo. To register for the upcoming Cannabis World Congress & Business Expo in Los Angeles, visit: https://www.CWCBExpo.com/Attend-Registration-Los-Angeles

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 – TransCanna Holdings Inc.’s (CSE: TCAN) (FSE: TH8) Warrants Commence Trading on the CSE

TransCanna Holdings (CSE: TCAN) (FSE: TH8) this morning announced that 4,207,083 common share purchase warrants began trading on the Canadian Securities Exchange (“CSE”) under the symbol ‘TCAN.WT’ as the market opened today. The warrants, each of which entitle the holder to purchase one common share of the company, were issued in accordance with a private placement financing that closed in April 2019. The warrants will expire on April 4, 2022.

To view the full press release, visit http://cnw.fm/Tdm7O

About TransCanna Holdings Inc.

TransCanna Holdings is a Canadian-based company providing 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

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 – Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) Receives DehydraTECH Patent for Pharmaceutical Applications of Cannabinoids to Treat Certain Conditions

Biotechnology company and global drug delivery platform innovator Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) today announced its receipt of a new patent granted in Australia: #2016367037 / Grant Date August 15, 2019 – “Stable ready-to-drink beverage compositions comprising lipophilic active agents.” According to the update, this increases Lexaria’s portfolio to 16 awarded patents protecting its DehydraTECH(TM) drug delivery platform, with eight in the USA and eight in Australia. The new Australian patent, together with Australian Patent #2016367036 announced on August 15, 2019, are the first granted in Lexaria’s second and third patent families that differ from the company’s original patent family, “Food and beverage compositions infused with lipophilic active agents and methods of use thereof.” These new patents include claims for DehydraTECH technology with respect to food and beverage use and also, for the first time, for pharmaceutical applications for delivery of cannabinoids as methods of treating certain conditions. These include, but are not limited to heart disease, neurological diseases, obesity, metabolic and appetite disorders, hepatic diseases, diabetes, cancer via chemotherapy, irritable bowel syndrome (“IBS”), marijuana abuse, and opioid, alcohol, nicotine or cocaine addiction.

To view the full press releases, visit http://cnw.fm/P3Ej5

About Lexaria Bioscience Corp.

Lexaria Bioscience Corp. has developed and out-licenses its disruptive delivery technology that promotes healthier ingestion methods, lower overall dosing and higher effectiveness of lipophilic active molecules. Lexaria has multiple patents pending in over 40 countries around the world and has patents granted in the USA and in Australia for utilization of its DehydraTECH(TM) delivery technology. Lexaria’s technology provides increases in intestinal absorption rates; more rapid delivery to the bloodstream; and important taste-masking benefits, for orally administered bioactive molecules including cannabinoids, vitamins, non-steroidal anti-inflammatory drugs (NSAIDs), nicotine and other molecules. For more information, visit the company’s website at www.LexariaBioscience.com.

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

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 – Canopy Rivers Inc. (TSX.V: RIV) (OTC: CNPOF) Posts Q1 Fiscal 2020 Financial Results, Provides Corporate Update

Canopy Rivers (TSX.V: RIV) (OTC: CNPOF) this morning reported financial results for the first quarter ended June 30, 2019. Among other highlights, the company reported an operating income of $2.7 million for the quarter which it primarily attributes to royalty, interest and lease income. Canopy Rivers took advantage of new invest opportunities during the quarter, providing $18.8 million to new investments in Biolumic, Zeakal and High Beauty in addition to contributing a total of $6 million to existing investees Greenhouse Juice Company and Agripharm. “In Q1 2020, we made several exciting investments in plant sciences and cannabis brands, two areas that we think are primed for real growth in the cannabis sector,” Canopy Rivers President and CEO Narbe Alexandrian said in the news release. “In addition to our new investments, as lifecycle investors, it was also rewarding to see so much positive news coming from our portfolio companies this quarter. From PharmHouse entering into a significant supply agreement with Canopy Growth to TerrAscend becoming, to our knowledge, the first and, so far, only cannabis company with sales in Canada, the U.S., and the European Union, our portfolio companies were busy creating significant value.”

To view the full press release, visit http://cnw.fm/3MfO2

About Canopy Rivers Inc.

Canopy Rivers is a unique investment and operating platform structured to pursue investment opportunities in the emerging global cannabis sector. Canopy Rivers works collaboratively with Canopy Growth Corporation (TSX: WEED, NYSE: CGC) to identify strategic counterparties seeking financial and/or operating support. Canopy Rivers has developed an investment ecosystem of complementary cannabis operating companies that represent various segments of the value chain across the emerging cannabis sector. As the portfolio continues to develop, constituents will be provided with opportunities to work with Canopy Growth and collaborate among themselves, which Canopy Rivers believes will maximize value for its shareholders and foster an environment of innovation, synergy and value creation for the entire ecosystem. For more information, visit the company’s website at www.CanopyRivers.com.

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

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 – Scientists Find That Chocolate Complicates THC Testing in Marijuana Edibles

Scientists recently discovered that chocolate inexplicably complicates the process through which the potency of marijuana edibles can be tested. This discovery was revealed during the American Chemical Society conference held on Sunday.

David Dawson, the principal investigator, revealed that the THC potency of marijuana edibles can be affected if those products contain chocolate. These findings could make manufacturers, regulators and consumers to rethink everything they know about marijuana edibles.

To illustrate the ramifications of his findings, David Dawson referred to the law in California which requires any marijuana edible whose THC content is found to be less than what is indicated on the label by 10 percent to be relabeled while those that are tested and are found to exceed the concentration indicated on the label by 10 percent have to be destroyed.

While presenting his findings, Dawson said that he and his team were surprised to find that if they took a sample of a gram of marijuana-infused chocolate and put it in a vial, the potency test results were more precise than when they put 2 grams of the same marijuana-infused chocolate in a vial and tested it.

This discovery goes against the basic assumption that the bigger a sample is, the more that sample accurately represents the whole.

The findings mean that marijuana potency tests can be skewed in either direction by simply changing the size of the sample that a laboratory analyst tests. This abnormality can have serious consequences for consumers (who may overdose or under-dose) and manufacturers (who could be forced to re-label or destroy a batch of products).

The researchers were unable to pinpoint what exactly makes chocolate have this effect during the potency-testing process, but they were of the view that the fat content of chocolate could be responsible.

The team was also unsure whether a similar trend existed when other marijuana-infused products, such as lotions, which didn’t contain chocolate are tested for potency.

Dawson and other researchers now have the task of conducting similar tests on other cannabis compounds, such as cannabidiol (CBD), to establish whether they also exhibit the same trend as what they found in cannabis-infused chocolate. The findings of such an inquiry would be of great interest to entities like the FDA which are in the process of making rules through which CBD can be used as an ingredient in food, cosmetics and dietary supplements.

The findings of this research highlight how much more would have been known about marijuana and its compounds if the federal classification of the drug hadn’t made it so hard for scientists to study it. Experts believe that marijuana industry participants like ChineseInvestors.com Inc. (OTCQB: CIIX) and Earth Science Tech Inc. (OTCQB: ETST) will have a lot to reflect about in the wake of these findings.

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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