Category: CannabisNewsWire Release

CannabisNewsBreaks – Advanced Container Technologies Inc. (ACTX) GrowPods Have Potential to Impact Global Food Shortages

Advanced Container Technologies (OTC: ACTX), the exclusive U.S. distributor of self-contained, automated, indoor “micro-farms” announced that micro-farms, called GrowPods, has potential to help reduce global food shortages. According to the company, GrowPods provide a way for food production to take place virtually anywhere in the world, offering a way to enhance food security. The company noted that the war in Ukraine has disrupted global food supplies because the country is one of the world’s leading exporters of several agricultural products; the conflict has been tied to rising prices and import obstacles. The announcement noted that United Nations Secretary-General António Guterres warned that the war, along with other global crises, could “lead to mass hunger and famine because of the impact on food production and prices around the world” with tens of millions of people face food insecurity and malnutrition. He noted that the war in Ukraine, along with other global crises, threatens tens of millions of people with food insecurity, malnutrition, mass hunger and famine, resulting in governments and community groups are searching for alternative food solutions. ACTX’s GrowPods can be placed placed anywhere and can grow the equivalent of three acres of traditional farmland — all in an automated environment and without pesticides, harmful chemicals or risk of contamination. “Our modular hydroponic farms can provide healthy food where it is needed, and require minimal labor so that farming can be managed by just a few people with some basic training,” said Advanced Container Technologies CEO Doug Heldoorn in the press release. “Additionally, a GrowPod can be set up in a matter of just days, so that food shortages can be reduced in just weeks, instead of months or years.”

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

About Advanced Container Technologies Inc.

Advanced Container Technologies is in the business of selling and distributing self-contained, automated, indoor “micro-farms” called Grow Pods, along with related equipment and supplies. Additionally, the company designs and sells patented proprietary medical-grade plastic containers, known as the Medtainer(R), that store and grind pharmaceuticals, herbs, teas and other solids or liquids. For more information, visit the company’s website at www.AdvancedContainerTechnologies.com.

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

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)

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CannabisNewsBreaks – Flora Growth Corp. (NASDAQ: FLGC) Names Former Amazon, Boeing Exec as CFO

Flora Growth’s (NASDAQ: FLGC), a leading all-outdoor cultivator, manufacturer and distributor of global cannabis products and brands, has announced a new chief financial officer. Former Amazon and Boeing official Elshad Garayev has accepted the new position and will be joining the FLTC team on the business day following the date on which the company files its mid-year financial results with the Securities and Exchange Commission. Garayev has more than two decades of financial leadership experience, and has worked at Amazon, Boeing, BP and RPK Capital. In his new role, he will focus on FLGTC growth initiatives as well as financial discipline and reporting. According to the announcement, Garayev is currently serving as vice president of finance and is working closely with Flora Growth’s current CFO Lee Leiderman, who is moving to an advisory role to enable him to spend more time with his family and focus on his health. Garayev has a proven track record in assisting organizations with the development and implementation of accounting and reporting policies as well as building high-performance finance teams. “Mr. Garayev is a deeply talented and experienced individual, and I am thrilled to welcome him to the Flora team at this exciting time in the company’s evolution. As Flora seeks to establish itself as a global leader in cannabis, adding someone of his caliber will further strengthen our position,” said Flora Growth Corp.’s chair and CEO Luis Merchan in the press release. “On behalf of both our executive leadership team and our Board of Directors, I want to personally thank Mr. Leiderman for his commitment and service to Flora through an incredible growth phase for the company. He has played an important role in setting the foundation for our future success and we look forward to continuing to work with him in his new capacity.”

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

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 commercial, house of brands, and life sciences divisions. For more information about the company, please visit www.FloraGrowth.ca.

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

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Flora Growth Corp.’s (NASDAQ: FLGC) Shareholders Vote in Favor of All Proposals Submitted for Approval; Elect Brandon Konigsberg to Board of Directors

  • Shareholders approve all proposals submitted at this year’s annual shareholders’ meeting, including board members
  • Among the seven members of the Board of Directors elected, six were incumbents, making Brandon Konigsberg the newest addition to the Board
  • Mr. Konigsberg will lend his years of experience, having held key leadership positions in various organizations in the country
  • Luis Merchan, Flora Growth’s Chairman and CEO, noted that Mr. Konigsberg’s appointment would help the organization achieve rapid financial growth and maximize shareholder value

Annual shareholders’ meetings are usually landmark moments of shareholder democracy, offering shareholders an opportunity to participate in the company’s decisions and offer their input on resolutions brought forth by other shareholders, the Board of Directors, and company management. 

On July 5, 2022, Flora Growth (NASDAQ: FLGC), a leading all-outdoor cultivator, manufacturer, and distributor of global cannabis products and brands, held its annual shareholders’ meeting. On the agenda were four proposals for discussion:

  1. The re-appointment of Davidson & Company LLP as the company’s auditors
  2. The election of seven members of the company’s Board of Directors
  3. The approval of the company’s 2022 Incentive Compensation Plan
  4. The approval of new bylaw 1-A

Attendees voted to approve all four of the tabled proposals, details of which can be found on Flora’s Form 6-K, filed with the Securities Exchange Commission on July 6, 2022 (https://cnw.fm/Qcn3E).

The selection of a seven-member Board of Directors saw the re-election of six incumbent directors and the addition of Brandon Konigsberg. Mr. Konigsberg will serve as Chair of the Audit Committee and as a member of the Compensation Committee, in addition to executing his duties as a Board member (https://cnw.fm/kho7F).

Mr. Konigsberg will lend his years of experience in the industry, having served as an executive of JP Morgan Chase (“JPMC”) for 24 years, and held various leadership roles in different critical organizations in the country. He is currently the President and Chief Financial Officer (“CFO”) of Fynn, an education financing company, a position he has held since 2021. In addition, he holds various board director, chair, and audit committee memberships, including Chicago Atlantic Real Estate Finance, Inc., a specialty mortgage Real Estate Investment Trust (“REIT”) that lends to cannabis companies.

While confirming his appointment, Mr. Konigsberg noted “I am excited to be joining Flora’s Board of Directors and look forward to assisting the management team as the Company continues to make progress on its strategic financial plans. As an executive and entrepreneur operating for many years in finance and treasury, I look forward to taking on challenges and opportunities that lie ahead of our Board and the Flora organization.”

“The addition of Mr. Konigsberg to our Board is further testament to our ongoing commitment to fiscal discipline and sound governance,” noted Luis Merchan, Flora’s Chairman and Chief Executive Officer (“CEO”). “He brings with him exceptional experience in the fields of finance and operations and will assist in helping our organization achieve rapid financial growth and maximize our shareholder value. We are pleased to welcome Mr. Konigsberg as a valued member of our team and look forward to his contributions,” he added.

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

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CannabisNewsWire is part of the InvestorBrandNetwork.

420 with CNW — Federal Agency Funds Project to Develop 3D-Printed, Hemp-Based Building Material

Long before prohibitionist policies outlawed the cultivation, processing and sale of hemp, the plant had a wide range of functional uses, including being one of the most common fabric materials on the globe. Now that territories around the world are loosening their policies and launching hemp programs, more companies are hoping to take advantage of hemp’s many uses. One of the most interesting hemp applications has been using it as a building material called hempcrete.

Hempcrete is developed by mixing hemp turd with water and lime. The material only weighs a fraction of regular concrete, has a low carbon footprint as well as great moisture handling and resistance properties, and is fire resistant. A federal agency has now kickstarted a pilot project that would see researchers develop hempcrete using 3D-printing technology in an effort to create affordable housing.

The Department of Energy has provided Texas A&M University with $3.47 million in funding via its Advanced Research Projects Agency-Energy (ARPA-E) Harnessing Emissions into Structures Taking Inputs from the Atmosphere (HESTIA) program. The engineering department from A&M notes that hempcrete is a lightweight and durable alternative to conventional building materials.

The department also mentioned hempcrete’s relatively low carbon footprint. Lead researcher and assistant professor P. Sideris said that the hemp-based building material is a net carbon-negative material unlike regular building materials such as concrete whose production consumes a lot of energy and emits significant carbon dioxide into the atmosphere. The Global Concrete & Cement Association estimates that each ton of cement emits around half a ton of carbon dioxide.

Furthermore, the World Steel Association estimates that producing a ton of steel results in 1.85 tons of carbon emissions, with steel production being responsible for a whopping 8% of CO2 emissions.

Sideris states that hempcrete has excellent thermal insulating and fire-resistance properties that could allow homeowners to reduce their heating and energy costs. This federally funded research will help the United States maintain its global position as a developer of advanced construction techniques, infrastructure sustainability and resilient technologies, he said.

An assistant professor in the Zachry Department of Civil & Environmental Engineering, Sideris will lead the research team in developing potential designs for commercial and residential properties. His team is rounded out by Zachary Grasley, a head of department and professor, assistant professor Maria Koliou, associate professor Manish Dixit, and Texas A&M College of Architecture professor Wei Yan.

The Department of Energy has also sponsored a separate project on the development of hemp fiber insulation.

As more of these studies receive federal funding, the proliferation of cannabis and other crop-cultivation technologies, such as the micro gardens pioneered by Advanced Container Technologies Inc. (OTC: ACTX), is likely to increase as more uses of various cannabis species are found.

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.

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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420 with CNW — Governor Newsom Signs Bill Easing California’s Cannabis Taxes

More than five years after California legalized recreational cannabis, the state’s illicit cannabis market still makes up a majority of recreational cannabis sales. For example, in 2019, illicit cannabis sales reached around $8.7 billion while the legal market sold $3.1 billion worth of cannabis.

Governor Gavin Newsom has now signed a bill that would restructure California’s recreational cannabis program in an effort to combat illegal sales. Bill AB 195 will get rid of the marijuana cultivation tax and require that the excise tax not increase for the next three years, reducing the financial load on cannabis producers and theoretically allowing them to sell their products at lower price points.

The main reason California has been unable to curtail illegal cannabis sales is the high cost of legal recreational cannabis. The state levies a variety of taxes on cannabis along the entire supply chain, resulting in legal cannabis costing up to two to three more times than illicit cannabis. As a result, most cannabis consumers, especially those on a tight budget, choose to buy from the illicit market.

The cannabis tax provisions in the new bill have the potential to reduce operational costs in the legal recreational market, which could then translate into lower product prices. The new bill will also increase enforcement efforts against unlicensed cannabis operators. It grants county governments the power to take civil action against such operators for issues such as water diversion and pollution. Additionally, it will also levy civil penalties of up to $10,000 daily for property managers who knowingly lease or rent out a property to unlicensed businesses that produce, store or sell marijuana.

Businesses that qualify for social equity will be eligible for a tax credit of $10,000 and will be allowed to use 20% of their excise tax revenue for reinvestment purposes. The legislation also provides tax credits worth $40 million, with one-half going to eligible microbusinesses and retailers and one-half going to equity operators.

The bill also provides an additional $670 million in cannabis tax to programs dedicated to youth substance misuse treatment, education, school retention, law enforcement and illicit marijuana-related clean-ups and remediation.

Bill AB 195 will also provide $20 million for a one-time grant program request by Governor Newsom. The program will be crucial to fixing another issue plaguing the state’s cannabis industry, efforts by local cities and counties to block cannabis sales in their communities.

Nicole Elliot, director of the Department of Cannabis Control (DCC), said that the law will bring some tax relief to the sector and support the development of an equitable, safe and sustainable cannabis industry.  

It remains to be seen how big an impact these tax changes will have on the bottom line of licensed entities such as American Cannabis Partners that are operating within the borders of California.

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)

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420 with CNW — New York Names Officer to Oversee Cannabis Diversity Measures

More than a year after New York legalized recreational marijuana, becoming the 15th state to allow adult-use cannabis, efforts are underway to prepare for the launch of legal recreational sales later this year. Officials have announced the appointment of Damian Fagon as the chief equity officer at the Office of Cannabis Management (OCM).

The OCM was created by the Marijuana Regulation and Taxation Act in 2021 and is tasked with overseeing the licensing, cultivation, production, distribution, sale and taxation of cannabinoid hemp, recreational cannabis and medical marijuana in New York State.

Fagon is a third-generation farmer with an extensive background in agriculture and international development with an enviable resume. He has headed several development initiatives with Guatemalan coffee exporters, rice growers in Sierre Leone and Jamaican castor farmers.

Cannabis Control Board Chair Tremaine Wright says that Fagon’s extensive knowledge of the agriculture industry, his experience as a leader in New York’s Black farming community and his support of various farming communities across the world makes him uniquely positioned to head New York’s cannabis equity program.

Back in 2017, Fagon played a major leadership role in launching several commercial marijuana operations in the Caribbean, South Carolina and New York. As the chief equity officer, he will now be charged with overseeing economic and social equity initiatives created by the Cannabis Control Board and the Office of Cannabis Management.

According to New York’s marijuana laws, 50% of recreational cannabis licenses have to go to equity applicants with a specific focus on applicants living in communities that were disproportionately affected by the drug war. Distressed farmers and businesses owned by veterans, women and minorities also qualify as social equity applicants.

Part of Fagon’s job as chief equity officer will be ensuring that 50% of adult-use cannabis licenses go to qualified and deserving social equity applicants.

The decades-long drug war has long been considered a failure for increasing racial persecution in America and treating addiction as a criminal rather than a public health issue. Millions of people have been shackled with cannabis-related offenses, and harsh sentencing, especially for people of color, has done immense damage to Black communities around the country. Social equity programs that are specifically centered around cannabis are meant to reinvest in these communities and alleviate some of the societal harms caused by the war on drugs.

Several states with legal cannabis programs, including California, Massachusetts, New Jersey and Illinois, have incorporated social equity programs into their cannabis laws. As such equity programs get underway in different states that have legalized marijuana, cannabis companies such as Flora Growth Corp. (NASDAQ: FLGC) are set to play an even bigger indirect role in the communities in which they operate.

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)

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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420 with CNW — An Analysis of Four Factors Driving the Marijuana Industry

America’s cannabis industry is projected to grow from $28 billion in 2021 to $197 billion in 2028 at a compound annual growth rate (CAGR) of 32.04%. Given the increased evidence of its medical potential coupled with how well the cannabis industry weathered the coronavirus pandemic and industry projections, plenty of investors have had their eyes on cannabis. But despite marijuana’s awesome growth potential, it is still susceptible to market factors with the ability to limit or enhance its growth.

Public sentiment is one such factor. Cannabis has been criminalized for decades in the United States, with millions of Americans being led to believe that it is just as dangerous as deadly drugs such as cocaine and heroin. Surveys now show that the majority of Americans support cannabis reform, and these attitudes have spread to other countries. Several territories have now legalized the drug, while many more are bound to as public sentiment about cannabis changes.

Competition in the cannabis market will soon be extremely fierce. With a market that’s currently estimated to be worth a whopping $60 billion and projected to see massive growth, cannabis will definitely attract plenty of interested players. By 2020, there were more than 7,000 cannabis dispensaries across the U.S. This number is expected to grow significantly as more states pass cannabis reform, and the demand for cannabis increases.

Technology and innovations have been central to the cannabis industry’s growth. Increased scientific research into the cannabis plant has revealed a multitude of potential medical benefits such as alleviating chronic pain and reducing epileptic seizures. Each new innovation, especially regarding cannabis’ medical abilities, opens up a new market and increases demand.

Innovation and technology can also be leveraged to streamline supply chain activities such as packaging, storage and transport. However, cannabis tech calls for hefty investments from entrepreneurs. This will make it especially difficult for small businesses to compete with large firms that have a large capital base and that can invest in state-of-the-art technologies and innovations.

Everyday economics focus on how economic activities connect the daily experiences of the consumers. In this case, it is important that we understand that while the cannabis industry is definitely poised to see significant growth, things will play out differently for different cannabis companies. To ensure that they succeed despite the inherent uncertainty in the industry, companies should be willing to learn, adapt and grow as the cannabis industry and its market matures.

Marijuana companies such as Cannabis Strategic Ventures Inc. (OTC: NUGS) have to find a way to balance the impact of all those factors as they plan their operations and future offerings.

NOTE TO INVESTORS: The latest news and updates relating to Cannabis Strategic Ventures Inc. (OTC: NUGS) are available in the company’s newsroom at http://cnw.fm/NUGS

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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CannabisNewsBreaks – Advanced Container Technologies Inc. (ACTX) Poised to Provide Access to Healthy Food in Food Deserts

Advanced Container Technologies (OTC: ACTX) is confident its GrowPods – modular hydroponic greenhouses – could become a valuable tool in efforts to combat food insecurity. With GrowPods, the company notes, cultivation can be moved nearer to the point of consumption, allowing food to be harvested at its peak nutritional value. “Micro-farms, such as ACTX’s Grow Pods, are being evaluated as a potential solution for food insecurity. Last year, Virginia State University (‘VSU’) was given a $500,000 grant to explore micro-farms as a potential solution to what the school called ‘food deserts in urban neighborhoods.’ According to the school, the grant will build VSU’s capacity to provide comprehensive education on micro-farming,” a recent article reads. “Leonard Githinji, project director and sustainable and urban agriculture Cooperative Extension specialist at VSU, reports that more than 11% of the nation’s population and 10% of Virginia’s population are food insecure. ‘Residents in food-insecure areas, commonly known as food deserts, have little or no access to fresh, affordable and nutritious food, and often have higher instances of chronic diseases, such as obesity, due to poor diets,’ Githinji states. ‘Developing sustainable micro-farms in urban areas can have a profound impact on access to healthy food in food deserts.’”

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

About Advanced Container Technologies Inc.

Advanced Container Technologies is in the business of selling and distributing self-contained, automated, indoor “micro-farms” called Grow Pods, along with related equipment and supplies. Additionally, the company designs and sells patented proprietary medical-grade plastic containers, known as the Medtainer(R), that store and grind pharmaceuticals, herbs, teas and other solids or liquids. For more information, visit the company’s website at www.AdvancedContainerTechnologies.com.

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

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.

CannabisNewsBreaks – Lexaria Bioscience Corp. (NASDAQ: LEXX) Announces Global Expansion of DehydraTECH Licensee

Lexaria Bioscience (NASDAQ: LEXX, LEXXW), a global innovator in drug delivery platforms, today announced that its DehydraTECH licensee Boldt Runners Corporation, owners of the Cannadips brand, has expanded manufacturing agreements to include Europe, Japan and South Africa. “We are delighted with the expansion of the Cannadips brand outside of the USA,” said Chris Bunka, CEO of Lexaria Bioscience Corp. “We continue to work with the Cannadips team on the infusion of exciting new formulations to meet the needs of adult consumers’ changing preferences and will endeavor to always remain one step ahead of the competition.”

To view the full press release, visit https://cnw.fm/3JBxZ

About Lexaria Bioscience Corp.

Lexaria’s patented drug delivery technology, DehydraTECH(TM), improves the way active pharmaceutical ingredients (“APIs”) enter the bloodstream by promoting more effective oral delivery. Since 2016, DehydraTECH has repeatedly demonstrated the ability to increase bio-absorption with cannabinoids, antiviral drugs, PDE5 inhibitors and more. DehydraTECH has also evidenced an ability to deliver some drugs more effectively across the blood brain barrier. Lexaria operates a licensed in-house research laboratory and holds a robust intellectual property portfolio with 25 patents granted and over 50 patents pending worldwide. 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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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 — California State Fair Unveils Winners of Maiden Marijuana Competition

Last September, California officials announced that the California State Fair would host the country’s first-ever, state-sanctioned marijuana competition. Cannabis vendors from the state would be allowed to compete in the fair in categories such as cheese, beer and wine vendors, a move that pointed to the legitimization of the cannabis industry.

The state fair recently unveiled the winners of this historic competition, awarding 60 medals and trophies to companies whose products had been deemed superior by judges via laboratory tests. In a press release, Jess Durfee, the chair of the California Exposition & State Fair Board, said that including marijuana cultivation alongside olive oil, craft beer, wine and cheese was a solid move that perfectly aligned with the state’s rich history of agriculture.

Contestants submitted more than 300 items in three divisions based on the conditions they were grown in, whether it was mixed-light, indoor or outdoor. Each division was broken into 10 categories, each of which was based on the cannabinoid concentrations of compounds such as THCa, CBGa and CBDa, as well as terpenes such as Pinene, Limonene and Mycerene.

The submissions were tested extensively by SC Labs, with trophies being awarded to contestants based on cannabinoid or terpene expression in each category. SC Labs provided reports detailing each of the awardees’ cannabinoid profiles, flavors, aromas and effects.

The winners of America’s first-ever, state-approved cannabis competition include MOCA Humboldt, Greenshock Farms, North Country Pharms, Mendocino Family Farm, Dry Farmed Organic Medicinals, Value Pure Farms and Gentleman’s Cut.  According to the cofounder of SC Labs Alec Dixon, developing award-winning cannabis takes plenty of skill, care and attention to detail during the drying, curing and preservation phases.

MOCA Humboldt, Greenshock Farms and Esensia won the most awards, with MOCA Humboldt winning gold in several categories. Ridgeline Farms also scored a couple of wins and took home three silvers. Emerald Spirit Botanicals took gold in the outdoor Special Unique category for a THCV-rich cannabis train called Pink Boost Goddess.

Aaron Salles, the VP of marketing and sales at awardee MOCA Humboldt, says the company loves the fact that the competition took a science-based approach when evaluating cannabis products. He states that marijuana’s inclusion in the fair was a major win, helping to legitimize the industry and giving stakeholders a chance to educate the general public on the benefits associated with cannabis.

The awardees will be able to feature their award-winning cannabis products at an exhibit during the state fair, which will run from July 15–31.

With companies such as Advanced Container Technologies Inc. (OTC: ACTX) developing better ways to grow cannabis and other crops, the future competitions may be even closer as companies go all out to take the prized trophies home.

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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