Category: CannabisNewsWire Release

CannabisNewsBreaks – REZYFi Inc. Engages IBN for Corporate Communications Expertise

REZYFi, a cannabis-focused mortgage origination and specialized financing company, has selected the corporate communications expertise of IBN, a multifaceted financial news and publishing company for private and public entities. As part of the client partner relationship, IBN will leverage its investor based distribution network of 5,000+ key syndication outlets, various newsletters, social media channels, wire services via InvestorWire, blogs and other outreach tools to build greater awareness for REZYFi. “REZYFi is taking charge as one of first cannabis mortgage bankers in the U.S., while most traditional lenders are still hesitant to serve the unique and evolving needs of the state-licensed cannabis industry,” said IBN Director of Client Solutions Chris Johnson. “We’re excited to customize our comprehensive suite of corporate communications solutions for REZYFi as it works to capitalize on this opportunity, as well as forecast growth in multiple verticals of the wider real estate sector, in the years to come.”

To view the full article, visit https://cnw.fm/wszw5

About REZYFi Inc.

REZYFi is a cannabis-focused mortgage origination and specialized financing company in the U.S. The company originates, structures and invests in first mortgage loans and alternative structured financings secured by commercial and residential real estate properties. For more information, visit the company’s website at REZYFi.com.

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

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 844-397-5787 (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

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CannabisNewsWire is part of the InvestorBrandNetwork.

CannabisNewsBreaks – Flora Growth Corp. (NASDAQ: FLGC) Recognized for Strategic M&A Objectives at Benzinga Cannabis Capital Conference

Flora (NASDAQ: FLGC) is a leading all-outdoor cultivator, manufacturer and distributor of global cannabis products and brands. The company today announced its receipt of the Best M&A Deal award at Benzinga’s 2022 Cannabis Capital Conference in Chicago. “We are honored to receive the award for Best M&A Deal at the Benzinga Cannabis Capital Conference, which recognizes our strategic M&A objectives including acquiring products, expertise, expanding distribution, and customers,” said Luis Merchan, chairman and CEO of Flora.

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

About Flora Growth Corp.

Flora is building a connected, design-led collective of plant-based wellness and lifestyle brands, designed to deliver the most compelling customer experiences in the world, one community at a time. As the operator of one of the largest outdoor cannabis cultivation facilities, Flora leverages natural, cost-effective cultivation practices to supply cannabis derivatives to its commercial, house of brands and life sciences divisions. Visit www.FloraGrowth.com or follow @floragrowthcorp on social media for more information.

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

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 844-397-5787 (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

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CannabisNewsWire (CNW)
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Editor@CannabisNewsWire.com

CannabisNewsWire is part of the InvestorBrandNetwork.

REZYFi, Inc. Leverages Corporate Strengths to Impact Real Estate and Lending Industries Through Wholly Owned Subsidiaries REZYFi Lending and ResMac Inc.

  • While traditional lenders remain reluctant to serve state-licensed cannabis industry prospects, REZYFi focuses on servicing the sector
  • ResMac subsidiary expects to accumulate $285 million in retail origination and $250 million in wholesale origination in 2023
  • The National Association of Realtors(R) reported one-third of surveyed agents experienced an increase in demand for warehouses, 28% in land demand, and 23% in demand for storefront property

REZYFi, a cannabis mortgage bank servicing the needs of both traditional and non-traditional consumers and businesses, is one of the first mortgage bankers of its kind in the United States, leveraging its position in a market where most traditional lenders remain diffident to serve the state-licensed cannabis industry. Through its two wholly owned subsidiaries – REZYFi Lending and ResMac Inc. – REZYFi is targeting licensed and permitted cannabis companies, owners of real estate who lease to cannabis companies, and companies and individual homeowners seeking a variety of real estate-related first and additional mortgage-based financing and project-specific financing.

Through REZYFi Lending, the company is leveraging a wide network to offer multiple options, including 15- to 30-year fixed rate loans, FHA loans, VA loans, reverse mortgages, jumbo loans, and adjustable-rate mortgages. The company expects increased funding in marketing and loan agents to drive significant growth in origination over the next two years, which is supported by the planned launch of a high-margin cannabis division later in 2022.

In operation for 13 years, ResMac Inc. has closed more than 20,000 loans for more than 15,000 clients and expects to accumulate $285 million in retail origination and $250 million in wholesale origination in 2023. ResMac is also targeting $600 million in origination through its mortgage correspondent operations during the same period. The company intends to harvest the database of customers within its mortgage servicing operations as an essential source for expanding the new alternative residential loan programs it will operate.

In an April 2021 report titled Marijuana and Real Estate: A Budding Issue, the National Association of Realtors(R) (“NAR”) examines the impact that cannabis legalization has on the real estate industry. In states where prescription and recreational cannabis use is legal, more than one-third of the agents surveyed reported an increase in demand for warehouses, 28% observed increases in land demand, and 23% reported increases for storefront property (https://cnw.fm/Yvh01).

REZYFi is demonstrating its corporate strengths within the market through experience, a network of independent brokers, and proprietary technology through both subsidiaries. The company is led by a seasoned management team with over 40 years of combined experience in the mortgage and lending industry, as well as experience in the cannabis and hemp marketplace.

Over the past five years, REZYFi has developed an extensive network of independent mortgage-related brokers and licensed loan officers – with training that has already commenced for network members to familiarize them with the company’s new service offerings. Through its proprietary automated/machine learning technology, REZYFi shortens loan processing timeframes and increases efficiencies, allowing it to operate its legacy business at staffing levels meaningfully below its competition.

For more information, visit the company’s website at www.REZYFi.com.

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

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 instant SMS alerts, 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

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CannabisNewsWire (CNW)
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www.CannabisNewsWire.com
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Editor@CannabisNewsWire.com

CannabisNewsWire is part of the InvestorBrandNetwork.

Flora Growth Corp. (NASDAQ: FLGC), Cannabis Brand Builder, is Ramping Up its HR Productivity and Effectiveness One Appointment at a Time

  • A 2017 study by McKinsey & Company showed that high performers tend to be 400% more productive than average ones. 
  • This outlook has shaped Flora Growth’s hiring strategy for 2022, with the appointment of several key individuals whose proven talents and productivity are seen as critical to the company’s goal of delivering the most compelling customer experiences, most recently with the appointment of Elshad Garayev as Flora’s Chief Financial Officer (“CFO”)
  • Mr. Garayev’s appointment marks the latest addition to a growing list of leaders ready to elevate the company to another level of international performance

In a study conducted in 2017 by McKinsey & Company, it was established that high performers tend to be 400% more productive than average ones. The study, which involved over 600,000 researchers, athletes, politicians, and entertainers, also revealed that, in a business setting, the gap rises exponentially with a job’s complexity, sometimes by an astounding 800% (https://cnw.fm/bE3LR).

The study’s objective was to highlight the importance of hiring the right people for the right job. It was also meant to show why having the right talent on the team can reduce the time it takes to complete tasks and how long it would take to achieve organizational objectives.

Most notably, the study noted that for a business strategy involving cross-functional initiatives requiring three years to complete, if 20% of the average talent working became 400% more productive, it would take less than two years to complete. Conversely, if these individuals were 800% more productive, it would take less than one.

These dynamics continue to shape the overall hiring approach and process for various organizations in different industries, and Flora Growth (NASDAQ: FLGC) is no exception. Since the beginning of the year, the company has been committed to looking for the best talent in the job market and devising ways to increase their productivity. Its management fully understands that doing so would not only lessen the time taken to achieve its short-term and long-term goals but also significantly cut down on its overall operational costs, thereby creating value for its shareholders.

Flora Growth ushered in the new year with the appointment of Tim Leslie as chairman of its newly formed advisory board. It would later bring Derek Pedro, an industry-leading cannabis genetics and cultivation expert, on board as an advisor and named Vessel founder, James Choe as Chief Strategy Officer.

In February 2022, Flora Growth announced the appointment of Jessie Casner as the company’s Chief Marketing Officer, and, in March, made two changes to its board. Then, in early June (https://cnw.fm/X1Skv), Flora announced the appointment of Holly Bell as the new Vice President of Regulatory Affairs in a move that sought to position Flora to make “thoughtful, educated, and bold decisions regarding strategic distribution, cultivation and sales plans.”

So far, all of Flora Growth’s appointments have been geared toward strengthening its human resources and moving the company closer to its objectives. Its latest appointment of Elshad Garayev is no different. Mr. Garayev was brought on board to serve as Flora’s Chief Financial Officer (“CFO”) effective on the business day following the date the company will file its mid-year financial results with the Securities and Exchange Commission.

“I am very excited to join Flora and to become its Chief Financial Officer,” Garayev noted.

“As one of the largest cultivators licensed by the government of Colombia, their robust portfolio of brands and the future of research in the space, Flora presents a truly amazing opportunity to lead the global cannabis supply chain,” he added (https://cnw.fm/SURaN). 

Garayev will lend over 25 years of experience in finance, having served in various financial leadership roles in Amazon, Boeing BP, and RPK Capital. He is well versed in supporting successful organizations through developing and implementing accounting and reporting policies and building high-performance finance teams.

Mr. Garayev adds to a growing list of competent, experienced, and capable individuals ready to take on the challenges ahead and elevate Flora Growth to another level of performance. These individuals are set to increase the overall productivity of the company’s workforce, allowing Flora to build a design-led collective of plant-based wellness and lifestyle brands that offers the world’s most compelling customer experience.

For more information, visit the company’s website at www.FloraGrowth.com.

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

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 instant SMS alerts, 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

Do you have questions or are you interested in working with CNW? Ask our Editor

CannabisNewsWire (CNW)
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www.CannabisNewsWire.com
303.498.7722 Office
Editor@CannabisNewsWire.com

CannabisNewsWire is part of the InvestorBrandNetwork.

420 with CNW — Four Novel Ways in Which Hemp Can Be Used Today

Hemp, or industrial hemp as it is commonly known, has numerous uses in today’s world. The plant, which is a member of the cannabaceae family, contains cannabidiol (CBD). CBD is one of the two primary compounds found in the cannabis plant, the other being THC. Unlike THC, however, the compound doesn’t induce any highs when ingested.

Instead, CBD possesses properties that can be harnessed to treat inflammation, insomnia and anxiety. This compound usually works by activating some receptors in the human brain responsible for the regulation of the central nervous system. Research has also found that CBD may be useful in the treatment of addiction, acute pain and epilepsy.

As the use of hemp extends beyond the medical space, new ways to use it continue to crop up. Below, we look at some of these surprising uses of the plant.

Eliminates bacteria

Researchers in Australia have found that CBD can kill some microbes very efficiently. This means that this active compound can be used in the formulation of a new antibiotic. It is already being utilized in the management of pain as well as asthma.

Used to replace plastic in cars

Hemp fiber is lightweight, stable, biodegradable and elastic, which makes it a good substitute for plastic. Electric car batteries add a lot of weight to the vehicles, which decreases their efficiency. To improve these, electric car manufacturers are using the fiber more as a composite material in vehicle bodies and interiors.

A few years ago, Porsche even built body parts for race cars from hemp fiber. The oil harvested from hemp can also be used to manufacture diesel fuel.

Manufacture of beer

Researchers in Switzerland have developed a beer using hemp flowers, and it is indistinguishable from beer made from 100% hops. Hops are usually used to keep beer fresher for longer as well as help it retain its foam. Replacing more than one-half of the hops with hemp flowers makes this more sustainable, especially since hemp flowers are considered to be waste products in the production process.

It should be noted that there is no difference in taste when beer is manufactured from hemp.

Rich in protein

Hemp seeds are packed with protein and omega-3 fatty acids, as well as high-quality amino acids and fiber. This makes them a good protein substitute for vegans as well as anyone looking to up their protein consumption. Scientists have also begun to develop tofu, pasta and other food substitutes from hemp.

As the cannabis industry matures in different jurisdictions, entities such as Flora Growth Corp. (NASDAQ: FLGC) are likely to come up with even more innovative ways to use this versatile plant.

NOTE TO INVESTORS: The latest news and updates relating to Flora Growth Corp. (NASDAQ: FLGC) are available in the company’s newsroom at https://cnw.fm/FLGC

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.

To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)

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420 with CNW — Pennsylvania Announces Program to Pardon Minor Cannabis Offenses

Decades of cannabis policing have significantly impacted society, especially among Black and Brown communities that were much more likely to be arrested and incarcerated for cannabis offenses despite similar use rates to White people. More than two decades after states first started legalizing cannabis, tens of thousands of people are still affected by cannabis convictions, either languishing in jail or failing to integrate into society due to their criminal records.

For most cannabis reform activists, efforts to legalize the drug have had a major focus on social and criminal justice to help alleviate the damage done by the decades-long war on drugs. This has often been through provisions requiring social equity applicants to be given a leg up in their state cannabis industries as well as the expungement of prior cannabis records. Sealing and expunging prior cannabis offenses has been a talking point of most activists in the country as having a criminal record can have lifelong negative impacts on an individual.

As such, Pennsylvania Governor Tom Wolf and Lt. Governor John Fetterman recently announced a joint effort to pardon people with minor cannabis-related offenses on their records. Dubbed the Pennsylvania Marijuana Pardon Project, the joint effort will make it possible for Pennsylvanians with certain cannabis convictions to submit an online application for an official pardon from the state.

Pennsylvania residents will be able to submit their applications via the program’s website from Sept. 1—Sept. 30, 2022. Wolf revealed in a press release that he has granted 2,098 pardons since assuming office, stating that 326 of these pardons were part of a review of nonviolent cannabis offenses in the state. Wolf’s track record when it comes to pardons far exceeds that of his predecessors, who passed a total of only 1,085 pardons in 15 years.

Wolf revealed in the press release that he had repeatedly urged the state’s Republican-controlled General Assembly to support the legalization of recreational cannabis to no success. Until Pennsylvania Republicans throw their weight behind legalization, he said, Wolf will do everything in his power to support Pennsylvanians who have had their lives affected by minor cannabis-related convictions.

According to CBS Pittsburg, only those who were convicted on possession of marijuana or marijuana, small amount personal use charges for less than 30 grams of cannabis will be eligible for the pardon. Additionally, these individuals should have been convicted in the state of Pennsylvania, and they should have no additional offenses on their records. There will be no age limit for the pardons.

These moves on the criminal justice front complement the other benefits that come from legalization and allowing state-legal companies such as American Cannabis Partners to operate and provide jobs, pay taxes and boost the local economy.

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

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.

To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)

For more information please visit https://www.CNW420.com

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW420, wherever published or re-published: http://CNW.fm/Disclaimer

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http://www.CNW420.com
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CNW420 is part of the InvestorBrandNetwork.

CannabisNewsBreaks – Why REZYFi Inc. Is ‘One to Watch’

REZYFi, a cannabis mortgage bank, is positioned as one of the first cannabis mortgage bankers in the U.S., while most traditional lenders are still reticent to serve the state-licensed cannabis industry. Led by a management team with more than 40 years’ experience in the mortgage and lending industry and leveraging other corporate strengths such as a network of independent brokers and proprietary technology, REZYFi services the needs of both traditional and non-traditional consumers and businesses. “Headquartered in Miami, Florida, REZYFi operates through two wholly owned subsidiaries – REZYFi Lending, which primarily addresses emerging real estate-related financing opportunities, and ResMac Inc., the company’s traditional mortgage origination, correspondent and servicing operation. REZYFi is currently licensed in 34 U.S. states, with plans to expand to all remaining states later this year,” a recent article reads. “REZYFi Lending leverages a wide network to offer options such as 15- and 30-year fixed-rate, FHA and VA loans, reverse mortgages, jumbo loans, and adjustable-rate mortgages. Looking ahead, the company expects increased funding in marketing and loan agents to drive significant origination growth over the next two years, further supported by the planned launch of a high-margin cannabis division later this year… The company intends to harvest the database of customers within its mortgage servicing operations as an essential source of additional growth, especially relative to the new alternative residential loan programs being offered.”

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

About REZYFi Inc.

REZYFi is a cannabis mortgage bank servicing the needs of both traditional and non-traditional consumers and businesses. Its target markets include licensed and permitted cannabis companies, owners of real estate who lease to cannabis companies, and companies and individual homeowners seeking a variety of real estate-related first and additional mortgage-based financing and project-specific financings, such as solar installations and real estate development projects. For more information about the company, visit REZYFi.com.

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

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 844-397-5787 (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

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CannabisNewsBreaks – Bright Green Corporation (NASDAQ: BGXX) Announces Pricing of $10M Private Placement

Bright Green (NASDAQ: BGXX) is one of the few companies selected by the U.S. government to grow, manufacture and sell, legally under federal and state laws, cannabis and cannabis-related products for research, pharmaceutical applications and affiliated export. The company recently announced its entry into a securities purchase agreement with institutional investors to purchase 9,523,810 shares of common stock and warrants to purchase 9,523,810 shares of common stock, at a purchase price of $1.05 per share and accompanying warrant. The company expects approximately $10.0 million in gross proceeds from the offering, which, subject to the satisfaction of certain customary conditions, is expected to close on Sept. 12, 2022. EF Hutton, division of Benchmark Investments LLC, is acting as exclusive placement agent for the offering.

To view the full press release, visit https://cnw.fm/Mr19K

About Bright Green Corporation

Bright Green is one of the very few companies selected by the U.S. government to grow, manufacture and sell, legally under federal and state laws, cannabis and cannabis-related products for research, pharmaceutical applications and affiliated export. Bright Green’s conditional approval, based on already agreed terms from the U.S. Drug Enforcement Administration, positions the company to advance its vision of improving quality of life through the opportunities presented by cannabis-derived therapies. To learn more, visit www.BrightGreen.us.

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 844-397-5787 (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

Do you have questions or are you interested in working with CNW? Ask our Editor

CannabisNewsWire (CNW)
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303.498.7722 Office
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CannabisNewsWire is part of the InvestorBrandNetwork.

Lexaria Bioscience Corp. (NASDAQ: LEXX) Acquires 27th Worldwide Patent Applying to a Range of APIs in Ready-to-Drink Consumer Retail Beverage Products

  • Lexaria’s Mexican patent “Stable Ready-to-Drink Beverage Compositions Comprising Lipophilic Active Ingredients” joins the ranks of previously issued patents in Australia, India, Japan and the EU
  • The patent allows the company to provide value in gaining regulatory approval for its DehydraTECH(TM)-enabled CBD for multiple indications in the health and wellness field
  • Additional claims to Mexican patent #390001 include Alzheimer’s disease, Parkinson’s disease, schizophrenia, Human Immunodeficiency Virus (“HIV”) dementia, obesity, hepatic diseases, diabetes, appetite disorders, cancer chemotherapy, benign prostatic hypertrophy, irritable bowel syndrome, biliary diseases, ovarian disorders, marijuana abuse, and alcohol, opioid, nicotine, or cocaine addictions
  • The global market of CBD for health and wellness purposes was valued at $4.9 billion in 2021 and is expected to grow to $47.22 billion by 2028

Lexaria Bioscience (NASDAQ: LEXX), a global innovator in drug delivery platforms, has announced that the Company has received its 27th worldwide patent, granted in Mexico under registration #390001. The patent from Lexaria’s third patent family, “Stable Ready-to-Drink Beverage Compositions Comprising Lipophilic Active Agents,” has already been issued in Australia, India, and Japan (https://cnw.fm/bsY27). The patent applies to a range of active ingredients, including but not limited to non-psychoactive cannabinoids and NSAIDs in a wide variety of ready-to-drink consumer retail beverage products.

Lexaria’s latest patent provides value to the company through its continued pursuit of gaining regulatory approval for its patented DehydraTECH(TM)-enabled cannabidiol (“CBD”) for the treatment of hypertension in regulated pharmaceutical applications. This has produced the claims necessary for the Mexico patent to use DehydraTECH-processed non-psychoactive cannabinoids to treat cardiac and cardiometabolic disorders.

Additional claims granted to the Mexican patent #390001 include the treatment of neurological diseases, including Alzheimer’s disease, Parkinson’s disease, schizophrenia, and Human Immunodeficiency Virus (“HIV”) dementia. The indications also include obesity, hepatic diseases, diabetes, appetite disorders, cancer chemotherapy, benign prostatic hypertrophy, irritable bowel syndrome, biliary diseases, ovarian disorders, marijuana abuse, and alcohol, opioid, nicotine, or cocaine addictions.

Lexaria’s DehydraTECH(TM) technology improves the way active pharmaceutical ingredients (“APIs”) enter the bloodstream by promoting healthier oral ingestion methods and increasing the effectiveness of fat-soluble active molecules. The technology promotes fast-acting, less expensive, and more effective drug delivery and has been thoroughly evaluated through vivo, in vitro, and human clinical testing. Major benefits of the technology include:

  • Increased drug delivery times in which patients feel the effects in a matter of minutes
  • Increased bioavailability through the bloodstream
  • Increased brain absorption as demonstrated through animal testing with higher drug quantities being delivered across the blood-brain barrier
  • Improved drug potency with more of the drug ingested and made available to the body with lower dosing required to achieve maximum results
  • Reduction in drug administration costs due to the reduced amount needing to be delivered
  • Masking unwanted tastes which reduces the need for unnecessary sweeteners

The global demand for CBD for health and wellness purposes is high, with the worldwide market being valued at $4.9 billion in 2021 and expected to grow at a CAGR of 21.3% from 2022 to 2028, resulting in a value of $47.22 billion by 2028. The rise in demand can be attributed to the increased acceptance and use of CBD for wellness purposes and government approvals (https://cnw.fm/9NBPR).

With the approval of its 27th patent, the company is still working on expanding the indications and efficacy of its DehydraTECH(TM) technology – with ~50 pending patents worldwide. The company’s pursuit has allowed it to leverage additional industries, including the need to fill a deficit in the hypertension market. On average, hypertension costs the country $131 billion annually, with more than 670,000 deaths in the United States attributed to hypertension as a primary or contributing factor in 2020.

For more information, visit the company’s website at www.LexariaBioscience.com.

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

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420 with CNW — New Study Debunks ‘Lazy Stoner’ Stereotype of Marijuana Users

After decades of cannabis criminalization and anti-cannabis propaganda, certain stereotypes about cannabis users have become entrenched in the public mind. The stereotypical image of a cannabis user as an apathetic “lazy stoner” who spends his days getting high, polishing off Doritos and generally contributing nothing to society is one example. Tons of people, especially older generations that grew up in the era of the drug war, tend to believe this stereotype.

However, a new study has revealed that the stereotype of cannabis users as unmotivated and lazy is far from factual. Researchers found that there was no difference in reward-based behavior and apathy among people who used cannabis at least once a week and people who didn’t use cannabis at all. Furthermore, the researchers discovered that cannabis users tend to experience more pleasure than people who abstain from using cannabis.

The study is among the first to look into preconceived societal notions of cannabis users, finding that the stereotypes that have been propagated by popular media and anti-cannabis activists are far from the truth. Researchers arrived at these findings by studying the data of 274 adolescents and adults who self-reported using cannabis one to seven times weekly over a three-month period. The results of the study were published in the “International Journal of Neuropsychopharmacology.”

The research found that long-standing stigmas against cannabis users are not based on fact, with cannabis reform opponents basing their opposition on the “fact” that cannabis use contributes to apathy and laziness. Researchers from the University College London and the University of Cambridge argued that their findings are not consistent with the prevalent idea that nonacute cannabis use is closely related to apathy and lack of motivation.

They took the study participants through four assessments to measure their inability to experience pleasure (anhedonia), reward-based motivation, apathy and reward responses in general in both adults and adolescents. After comparing the results of the assessments with a control group of non-cannabis users, the researchers found that semiregular cannabis use is not associated with these negative outcomes.

Using cannabis approximately three to four days per week does not contribute to apathy, effort-based decision-making for reward, reward liking in adolescents or adults, or reward wanting, the study reported, challenging those who argued that cannabis use was associated with apathy. Additionally, the researchers found that contrary to stereotypical beliefs, cannabis users are marginally more capable of experiencing motivation despite their use rates and that there was no statistically significant difference in apathy levels between users and non-users.

As more of these baseless stereotypes are disproved by science, the world is likely to see more people trying cannabis and even taking an additional step forward by growing their own plants using the handy micro gardens commercialized by companies such as Advanced Container Technologies Inc. (OTC: ACTX).

NOTE TO INVESTORS: The latest news and updates relating to Advanced Container Technologies Inc. (OTC: ACTX) are available in the company’s newsroom at https://cnw.fm/ACTX

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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