420 with CNW — Canadian Firms Hope the US Eases Marijuana Restrictions

After decades of prohibition and intense policing, the American states are finally loosening restrictions against cannabis. So far, 36 states allow medical marijuana, 16 states have legalized recreational medical cannabis, and several more states are considering whether or not to pass cannabis legislation. The state-legal cannabis sector has been insanely profitable so far, earning billions of dollars in revenue and providing states with plenty of tax revenue, even amid the coronavirus pandemic, while other industries faltered.

Consequently, cannabis firms from the Great White North have been eyeing the U.S. market, waiting for the government to pass federal decriminalization laws before swooping in to for a piece of the cake. With President Joseph Biden in the White House and Capitol Hill currently in the Democrats’ control, there has never been a more ideal time for cannabis to come out from under the shackles of federal prohibition. However, the ongoing coronavirus pandemic has held the Biden administration’s attention for nearly one and a half years, and with the 2022 midterms approaching, there is a risk the Democrats may lose their tenuous hold on Capitol Hill.

David Culver, vice president of global government relations for Canadian cannabis firm Canopy Growth Corp., says these legislative changes will need to happen soon before Biden’s potentially narrow legislative window closes. Although Biden has said he supports medical marijuana, decriminalizing cannabis, and updating the Department of Justice’s classification of cannabis to allow cannabis research, he doesn’t support recreational cannabis. However, Senate Majority Leader Chuck Schumer supports legalizing adult-use cannabis, and he is currently working on a federal cannabis legalization bill with Senators Ron Wyden and Cory Booker.

At the moment, marijuana’s status as a Schedule I controlled substance makes it extremely difficult for even local cannabis companies to operate. But with the U.S. cannabis market projected to bring in $40 billion yearly, Canadian entities hope the United States eases restrictions, especially since the Canadian market hasn’t been as lucrative as anticipated.

In 2019, Canopy Growth had an acquisition deal with New York-based Acreage Holdings, which was amended last year and is contingent on a major “triggering event,”  referring to changes to U.S. federal cannabis laws. According to Canopy Growth CEO David Klein, the U.S. is going to be a core market for the Canadian company.

Aphria Inc. acquired Atlanta-based craft beer vendor SweetWater Brewing Co. last November, and CEO Irwin Simon also believes the U.S. will be a major source of revenue for the Canadian company. But while the coronavirus pandemic rages on, Culver says the government will likely focus its efforts on the pandemic and turn its attention to cannabis in the fall.

Needless to say, other companies that already have a firm foothold in Canada, such as Pure Extracts Technologies Corp. (CSE: PULL) (OTC: PRXTF), would relish the opportunity to enter the U.S. market and make their mark there as well.

NOTE TO INVESTORS: The latest news and updates relating to Pure Extracts Technologies Corp. (CSE: PULL) (OTC: PRXTF) are available in the company’s newsroom at https://cnw.fm/PULL

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 — California to Repair Drug War Ills Using Cannabis Taxes

Last week, the state of California revealed that it would be awarding roughly $29 million in grants funded by cannabis tax revenue to more than 50 not-for-profit organizations in an attempt to repair the harms of the drug war. The Governor’s Office of Business and Economic Development will be in charge of allocating the funds, which will be offered through the state’s Community Reinvestment Grants program.

The notice released by the state states that the grants to be awarded will serve communities that have been disproportionately impacted by the war on drugs. It explains that the harsh state and federal drug policies approved from the start led to the separation of families, prohibitions on public housing, loss of educational attainments because of decreased federal financial aid eligibility, diminished access to social services and the mass incarceration of individuals of color.

The grants will be given to not-for-profit organizations that fit the eligibility criteria and support programs whose objectives are to offer legal services, substance misuse treatment, mental health treatment and job placement for disproportionately affected communities.

In a press release, the director of the Governor’s Office of Business and Economic Development Dee Dee Myers, said that the state’s Community Reinvestments Grants programs was a resource aimed at helping communities conquer the barriers and systemic restrictions to equity and opportunity. She added that the grants would also help advance economic justice, wellness and health for communities and populations that were affected by the drug war.

Applications for the grants had been made available to these communities late last year in an effort to promote economic justice and public health.

In addition to California, the state of Illinois is also utilizing cannabis tax revenue to finance programs to right the wrongs of the drug war. Earlier in January, its R3 (Restore, Reinvest and Renew) program awarded more than $30 million in marijuana-backed grants.

Concurrently, marijuana tax dollars in the state of Oregon are also being used to increase access to harm reduction and substance misuse treatment programs after a broad decriminalization measure — Measure 110 — was added to the ballot and received approval from voters last year.

The Oregon Health Authority had more than $1.5 million in funds allocated to supporting the administrative costs to be incurred in the implementation of the measure. Of the other funds to be allocated, more than $8 million will be used to finance proposals that closely align with the values and priorities of the decriminalization campaign, $6.4 million is to be directed into harm reduction and addiction recovery programs while another $2.9 million will be allocated to tribal groups.

This program illustrates how establishing a legal marijuana industry that allows companies such as Sonoma Biologics Corp. to operate can be beneficial by availing taxes that can be put to use to correct the wrongs of the past.

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

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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CannabisNewsBreaks – Why Golden Triangle Ventures Inc. (GTVH) Is ‘One to Watch’

Golden Triangle Ventures (OTC: GTVH) (“GTV”), a multifaceted company that currently wholly owns four subsidiaries — Global Health Services, Lavish Entertainment (EpicRaves), HyFrontier Technologies, and Napa Wine Brands — is committed to purchasing, acquiring and/or partnering with promising established entities. Through the guidance of the management team, comprising of Steffan Dalsgaard, GTV’s founder and executive chairman; GTV’s chief innovations officer and director and the CEO of HyFrontier, Robert Dubose; and Stuart Seim, GTV’s chief development officer and director, the company has made notable strides towards the fulfillment of this goal. “On May 26, 2021, Golden Triangle announced its acquisition of The Lodge Winery & Olive Oil Co. under the company’s Napa Wine Brands subsidiary. The Lodge Winery & Olive Oil Co. is an established wine brand that produces award-winning wines, olive oils and wine vinegars,” reads a recent article. “On May 20, 2021, Golden Triangle announced its entry into a letter of intent to acquire Sonder Fulfillment LLC, a leader in the industrial hemp and CBD space that is dedicated to driving forward the most powerful and efficacious cannabinoid products in the world… On May 12, 2021, Golden Triangle announced its acquisition of a top-tier, professional sound system and formed a partnership with SuperKollider Sound LLC to provide a strategic benefit to the company’s entertainment division under Lavish Entertainment.”

To view the full article, visit https://cnw.fm/sWHlh

About Golden Triangle Ventures Inc.

Golden Triangle Ventures is a multifaceted consulting company pursuing ventures in the health, entertainment and technology industries, with many additional projects being developed that provide synergistic values to these divisions. The company aims to purchase, acquire and/or joint venture with established entities that management can help assist and develop into unique opportunities. Additionally, GTV provides a professional corporate representation service to different companies in these sectors while consulting on a variety of business development objectives. The goods and services represented are driven by innovators who have passion and commitment to these marketplaces. The company plans to utilize relationships and create a platform for new and existing businesses to strengthen their products and/or services. The three points of the Golden Triangle exclusively represent these three sectors in which the company aims to do business. For more information, visit the company’s website at www.GoldenTriangleInc.com.

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

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 – HempFusion Wellness Inc. (TSX: CBD.U) (OTCQX: CBDHF) (FWB: 8OO) Appoints Current VP, Controller as Interim CFO

HempFusion Wellness (TSX: CBD.U) (OTCQX: CBDHF) (FWB: 8OO), a leading health and wellness company offering premium probiotic supplements and products containing CBD, announced the appointment of an interim chief financial officer; the company named Maria Leal, who is currently serving as both controller and company vice president, to the position. A CPA and MBA, Leal has built a strong reputation for strong financial management over the past two decades. She has served in a variety of financial accounting roles and landed at HempFusion in 2019. Management noted that Leal has been instrumental in all financial reporting aspects for the company since joining the company. Leal replaces Bruce Valentine, who served as chief financial officers before Leal, is resigning because of the unexpected death of his mother and the resulting duties that have arisen. “On behalf of the company and the employees of HempFusion, we send our deepest condolences to Bruce and his family for their loss,” said HempFusion CEO Jason Mitchell, ND, in the press release. “I would like to thank Bruce for his contributions to the company. The Board has begun a process to appoint a successor to Mr. Valentine and a further announcement will be made in due course. In the meantime, the board has full confidence that Ms. Leal will succeed in shepherding HempFusion’s finance and accounting functions. She has been an integral part of the development and implementation of the financial planning and accounting functions over the past several years.”

To view the full press release, visit https://cnw.fm/ZUmDo

About HempFusion Wellness Inc.

HempFusion is a leading health and wellness CBD company utilizing the power of whole-food hemp nutrition. HempFusion distributes its family of brands, including HempFusion, Probulin Probiotics, Biome Research and HF Labs, to approximately 4,000 retailers across all 50 states of the United States and select international locations. Built on a foundation of regulatory compliance and human safety, HempFusion’s diverse product portfolio comprises 48 SKUs (“SKUs”) including tinctures, proprietary FDA Drug Listed over-the-counter (“OTC”) topicals, doctor/practitioner lines and more. With a strong focus on research and development, HempFusion has an additional 30 products under development. HempFusion is a board member of the US Hemp Roundtable, and HempFusion’s wholly owned subsidiary, Probulin Probiotics, is one of the fastest-growing probiotics companies in the United States, according to SPINs reported data. HempFusion’s CBD products are based on a proprietary Whole Food Hemp Complex(TM) and are available in stores or online. For more information about the company, visit www.HempFusion.com.

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

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 — Legislation Introduced in Senate to Authorize CBD Interstate Trade

Last month, a bill that would make certain that CBD products derived from hemp fell under the domain of the FDA in the same way as other legalized products added to beverages, foods and dietary supplements, was introduced in the Senate. The legislation, dubbed the Hemp Access and Consumer Safety Act, was tabled by Oregon senators Ron Wyden and Jeff Merkley and Kentucky Sen. Rand Paul.

Wyden stated that CBD products were legally being produced and used across the country. However, because the U.S. Food and Drug Administration hadn’t updated its regulations, producers and consumers remained in a gray zone. Wyden added that it had been more than two years since he’d collaborated with his colleagues to call for Congress to legalize products obtained from hemp as well as hemp itself. He noted that the time had come for the federal regulator to update its regulations, for the good of farmers and consumers in America.

Earlier in 2018, the U.S. Congress approved the Agriculture Improvement Act, which removed industrial hemp from the first Schedule of the CSA, where it had been classified. This led to the legalization of the sale and production of hemp derivatives and industrial hemp, including cannabidiol (“CBD”). Despite this move, the FDA still outlaws any new beverage, food or dietary ingredient from being traded across state borders if it had ever been approved or studied as a drug, which is the case for CBD.

Epidiolex is the only drug approved by the FDA for treating seizures linked to Lenox-Gastaut syndrome, which had CBD in a highly purified form. While the FDA possesses the mandate to exempt any substance from prohibition, it has claimed that it has a limited grasp of CBD’s safety profile, as well as other compounds derived from cannabis. Thus far, the only move made by the agency with respect to CBD is conveying warming letters to firms that make therapeutic claims about the substance.

The sponsors of this hemp access legislation are hopeful that another bill of Congress may pave a path for the legal use of CBD in beverages, supplements and food. Paul notes that this latest bill will direct the agency to regulate all hemp products adequately, which provides relief to merchants, processors and farmers. On the other hand, Merkley asserts that the bill will allow for the issuance of clear guidelines for CBD products obtained from hemp.

The sponsors add that the legislation will also place emphasis on consumer safety as it will require manufacturers to adhere to the existing federal laws for products that contain CBD.

Once this legislation is enacted, players in the CBD space such as The Alkaline Water Company Inc. (NASDAQ: WTER) (CSE: WTER) will have more clear regulations to guide them, and the sector could thrive as a result.

NOTE TO INVESTORS: The latest news and updates relating to The Alkaline Water Company Inc. (NASDAQ: WTER) (CSE: WTER) are available in the company’s newsroom at http://cnw.fm/WTER

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 — More American Adults Are Suffering from Chronic Pain, New Study Finds

Chronic pain is one of the most common medical issues Americans face, and it has become even more prevalent in the last decade. Although significant resources have been directed toward treating and finding ways to prevent serious illness, with the United States spending $194.2 billion on medical and health research and development in 2018, chronic pain hasn’t received much attention. This is despite the fact that more than 20% of American adults are affected by chronic pain, with a new study finding that the rates of chronic pain have been steadily increasing across all adult demographics.

Published in the journal “Demography,” the study pointed out that although chronic pain has been on the rise across all demographics of U.S. adults, it is more prevalent in adults from lower socioeconomic backgrounds. Researchers looked at data sources from the National Interview Survey, which ran from 2002 to 2018. An estimated 19,040 to 33,149 people responded each year, adding up to a total of 441,707 people over the survey’s entire 16-year run. With such an immense data set at their disposal, the researchers were able to study various aspects of the participants’ health.

For instance, survey respondents were asked about five common sites of pain — the joints, lower back, neck, jaw and face — and where they felt the most pain. Additionally, the survey provided tremendous amounts of data on the participants’ age, gender, race, ethnicity, education, income, social and economic status. After studying the data extensively, researchers found that the prevalence of chronic pain had increased more for older adults and Black, less-educated males with lower incomes. Conversely, the prevalence had increased at lower rates for white, more-educated females with higher incomes.

Despite these disparities, the consensus was that there was an increase in chronic pain across the board, regardless of social or economic status, says study co-author and associate professor of sociology at the University of Buffalo College of Arts and Sciences Dr. Hanna Grol-Prokopcyzk. There was a 10% increase in pain in at least one of the five common sites during the study’s 16-year run, representing 10 million more adult Americans. At the start of the study in 2002, the lower back and the joints were the most prevalent pain sites, and this remained the same by the time the study drew to a close in 2018.

For individuals aged 65 to 85 years, chronic pain was often associated with physical health issues such as diabetes, kidney issues, hypertension, and high body mass index. On the other hand, chronic pain in younger and middle-aged individuals was more associated with mental health issues such as stress and often led to alcohol abuse. According to Grol-Prokopcyzk, pain is one of the leading causes of disability, and their findings prove that it should be treated as a public health issue. Not only does it affect the quality of life of those it affects, but it can also have an impact on overall life expectancy, she says.

These statistics show that medical marijuana sector players such as Grapefruit USA Inc. (OTCQB: GPFT) have their work cut out for them as they work to develop products that can alleviate chronic pain so that fewer people have to resort to opioids.

NOTE TO INVESTORS: The latest news and updates relating to Grapefruit USA Inc. (OTCQB: GPFT) are available in the company’s newsroom at http://cnw.fm/GPFT

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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CannabisNewsBreaks – Grapefruit USA Inc. (GPFT) CEO to Discuss Disruptive Products Harnessing Cutting-Edge Science and Tech in ‘New to the Street’ Interview

Grapefruit USA (OTCQB: GPFT), a California-based hemp and cannabis company, will be featured in FMW Media’s “New to the Street” / Newsmax TV’s Sunday, June 20, 2021, broadcasting lineup of its national syndicated one-hour show airing at 10-11 a.m. ET. Grapefruit USA’s CEO Bradley Yourist will be among the eight interviews with business representatives from various innovative companies. Yourist will discuss Grapefruit USA’s permits, patents, licenses, manufacturing, laboratory, and distribution of cannabis products, as well as its Hourglass(TM) brand. Grapefruit delivers hemp-derived and cannabis products that have fundamentally changed the way individuals use THC and CBDs, capitalizing on rising demand for these unique products. “Our patented Hourglass topical creams have solved the inherent difficulties of efficient skin absorption of THC and cannabinoids, such as CBD, CBN, CBG, and CBC as well as Hemp-derived CBDs and cannabinoids,” Yourist says. “The architecture of Hourglass cream gives us the ability to formulate endless variations of our topical delivery cream to tailor to the specific needs of our clientele. We have harnessed cutting-edge science and technology to bring patented; truly disruptive products to the medicinal and recreational marketplace.”

To view the full press release, visit https://cnw.fm/wHSlV

About Grapefruit USA Inc.

Grapefruit’s corporate headquarters is in Westwood, Los Angeles, California. Grapefruit holds California permits and licenses to both manufacture and distribute cannabis products in the Golden State. Grapefruit’s extraction laboratory and manufacturing and distribution facilities are located in the industry-recognized Coachillin’ Industrial Cultivation and Ancillary Canna-Business Park in Desert Hot Springs, located on the extension of North Canyon Road, approximately 14 miles north of downtown Palm Springs. For more information about the company, visit www.GrapefruitBlvd.com.

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

About CannabisNewsWire

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

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CBDNewsBreaks – HempFusion Wellness Inc. (TSX: CBD.U) (OTCQX: CBDHF) (FWB: 8OO) Advancing Visionary Approach with Diverse Products

HempFusion Wellness (TSX: CBD.U) (OTCQX: CBDHF) (FWB: 8OO) is a leader in the health and wellness cannabidiol (“CBD”) industry. The company is advancing a visionary approach with a view to balancing people’s energy levels and general well-being by expanding its international distribution channels and demonstrating its compliance with global regulatory standards for hemp-derived products. “The company’s HempFusion USA subsidiary, registered as HempFusion Inc., provides consumers with a wide array of hemp-derived CBD products, including branded tinctures, capsules and products for sleep and stress. HempFusion Inc. also offers a full line of over-the-counter topicals designed to address pain, eczema, acne and wound care,” reads a recent article. “HempFusion USA’s subsidiary, Probulin Probiotics LLC, produces a diverse group of scientifically formulated probiotic products targeting total gut health support, immune function support as well as probiotic extract-based skin care for specific demographics to establish a competitive profile.”

To view the full article, visit https://cnw.fm/VaOYY

About HempFusion Wellness Inc.

HempFusion is a leading health and wellness CBD company utilizing the power of whole-food hemp nutrition. HempFusion distributes its family of brands, including HempFusion, Probulin Probiotics, Biome Research and HF Labs, to approximately 4,000 retailers across all 50 U.S. states and select international locations. Built on a foundation of regulatory compliance and human safety, HempFusion’s diverse product portfolio comprises 46 SKUs including tinctures, proprietary FDA Drug-listed over-the-counter (“OTC”) topicals, doctor/practitioner lines and more. With a strong focus on R&D, HempFusion has an additional 30 products under development. HempFusion is a board member of the U.S. Hemp Roundtable and HempFusion’s wholly-owned subsidiary, Probulin Probiotics, is one of the fastest-growing probiotics companies in the United States according to SPINs reported data. HempFusion’s CBD products are based on a proprietary Whole Food Hemp Complex(TM) and are available in-store or by visiting HempFusion online at www.Hempfusion.com or www.Probulin.com.

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

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 – Golden Triangle Ventures Inc. (GTVH) Announces ‘New to the Street’ Interview Series to Highlight Company

Golden Triangle Ventures (OTC: GTVH), a multifaceted consulting company pursuing ventures in the health, entertainment and technology industries, has partnered with “New to the Street,” which spotlights companies on national television. One of the longest-running U.S. and internationally sponsored TV shows, “New to the Street” has been broadcasting across U.S. television networks over the past decade. According to the announcement, “New to the Street” will produce 12 seven-to-ten-minute NASDAQ interviews that outline previous publicly disclosed company milestones; the segments will also focus on future projects for Golden Triangle Ventures. Golden Triangle plans to broadcast these interviews to hundreds of millions of households around the world. The first Interview is slated for release in July 2021. “I am excited to be a guest on the New to the Street program,” said Golden Triangle Ventures CEO Steffan Dalsgaard in the press release. “I have been following their business for years and I have witnessed their track record discovering many emerging growth stocks. I intend to educate viewers about the vision I have for Golden Triangles Ventures, our business, our brands, and our plans to grow the company into a market leader. We think the next 12 months will be loaded with exciting business developments and it’s great to know that ‘New to the Street’ will be maximizing our audience for each and every story.”

To view the full press release, visit https://cnw.fm/C7wG2

About Golden Triangle Ventures Inc.

Golden Triangle Ventures is a multifaceted consulting company pursuing ventures in the health, entertainment and technology industries, with many additional projects being developed that provide synergistic values to these divisions. The company aims to purchase, acquire, and/or joint venture with established entities that management can help assist and develop into unique opportunities. Additionally, Golden Triangle provides a professional corporate representation service to different companies in these sectors while consulting on a variety of business development objectives. The goods and services represented are driven by innovators who have passion and commitment to these marketplaces. The company plans to utilize relationships and create a platform for new and existing businesses to strengthen their products and/or services. The three points of the Golden Triangle exclusively represent these three sectors in which the company aims to do business. For more information about the company, please visit www.GoldenTriangleInc.com  

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

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 — Licensed Cannabis Sellers in Canada Put Squeeze on Black Market Operators

Although cannabis has been illegal in most territories until a decade or so ago, it has been the most-used drug across the globe for years. Demand for the controversial plant has always been high, and since consumers had no legal place to source cannabis, they turned to the black market. As such, the illicit cannabis market has become immense, grossing billions of dollars worldwide as the drug became more popular and demand skyrocketed.

Even as several countries and states have passed cannabis legislation, the black market has been quite tenacious. Although there is a degree of risk with dealing with black market players, these sellers have continued to thrive as they generally sell at cheaper prices compared to licensed stores, among other reasons. In Canada, however, recent data shows that registered cannabis merchants have been slowly encroaching on the illicit market’s territory.

This is despite the fact that Canada’s cannabis sector is relatively new and has just recently incorporated the sale of products such as edibles and vapes. According to the most recent data from Statistics Canada, the gap between the legal sector and the illicit market is widening, with more consumers choosing to purchase cannabis from licensed retailers instead of black market players. While it is estimated that the illicit cannabis market brought in roughly CA$754 million in the final quarter of 2020, the legal adult-use market saw cannabis sales worth CA$918 million.

Legal adult-use cannabis sales surpassed illicit sales for the first time ever in 2020’s second quarter, Statistics Canada found, with sales in the adult-use sector surpassing those in the illicit market by an estimated CA$59 million. This can be attributed to reducing prices, increasing retail options and a wider variety of more consistent inventory from retailers.

For instance, Toronto had only seven regulated cannabis stores at the start of 2020 but at the end of the year, the city had registered 89 more retailers. Consequently, Toronto saw cannabis sales jump from CA$17 million in January 2020 to CA$40 million as the year drew to a close.

Additionally, Canada’s recreational cannabis sector has recently been expanded to include more products such as edibles and cannabis vaporizers. Last year — 2020 — was the first full year of legal sales for vapes and cannabis edibles, with edible sales increasing from CA$12.7 million in the first quarter to CA$42.2 million by the end of the fourth quarter. As Canada’s young cannabis sector matures, even more consumers will likely be drawn from the illicit market.

The chokehold illicit market actors had on the marijuana industry will keep loosening as licensed Canadian companies such as Pac Roots Cannabis Corp. (CSE: PACR) (OTCQB: PACRF) (FSE: 4XM) keep availing high-quality cannabis products at affordable price points.

NOTE TO INVESTORS: The latest news and updates relating to Pac Roots Cannabis Corp. (CSE: PACR) (OTCQB: PACRF) (FSE: 4XM) are available in the company’s newsroom at http://cnw.fm/PACR

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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