420 with CNW — Strategies to Consider When Growing Marijuana in Different Markets

Companies that grow marijuana in a number of states need to use various strategies, depending on several variables in order to effectively compete in this burgeoning industry. Those variables include the climate, what consumers are willing to pay for a product and the maturity of the market in the state,

Experts believe that for companies and their cultivators to maximize profits while preserving the integrity of the plants they grow, they need to align with the trajectory of the market they are involved in.

So what should growers take into consideration when growing cannabis in more than one state?

Mature markets vs. new markets

In the United States, the state of California has one of the most mature cannabis markets, with a competitive scene where cultivators sell the best-quality marijuana. The climate in this California, which involves little rainfall and a lot of daylight, enables growers to produce large plants, which explains why the focus is mainly on the sale of buds.

In comparison, cannabis sales in the state of Massachusetts for recreational purposes is relatively new. The state has a humid and rainy climate, which is why most marijuana is cultivated indoors. Profitable methods to grow cannabis indoors include crop steering, using hydroponics and inert growing mechanisms such as rockwool for ease of use and cleanliness.

Companies involved in new markets may be better off using hydroponic growing techniques to simplify the cultivation process. New markets have less competition, so the focus is mostly on producing a lot of different products and extending consumer reach.

In established markets, however,, cultivators should focus on differentiating themselves from other players through organically cultivated cultivars or the development of niches for themselves via the manufacture of unique products.

Market needs

Consumer appetites may differ in different states, especially with outdoor-grown marijuana now competing against greenhouse-grown and indoor-grown flowers. In some states, indoor flowers grown under perfect conditions are considered prime products, which means an increased demand from consumers.

In saturated markets that have established large marijuana companies participating and brands in a number of categories, companies may have to expand their focus to growing strains with more diverse cannabinoid and terpene profiles in order to compete better.

Quantity or quality

Successful cultivation focuses on crop steering, good plant-care techniques, good nutrients and great genetics. Experts recommend that cultivators grow their plants well with desirable genetics to produce quality flower and products and avoid overcomplicating production.

As more technologies such as the micro gardens commercialized by Advanced Container Technologies Inc. (OTC: ACTX) penetrate the market, we may see cannabis production being taken to a whole new level in terms of cannabinoid and terpene profiles.

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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420 with CNW — California Goes Hard Against Illicit Cannabis Sellers

California’s cannabis industry raked in a whopping $5.2 billion in 2021, making it the largest legal cannabis market in the world. Coincidentally, California is also home to an illicit cannabis market worth a staggering $8 billion. Experts estimate that up to 90% of the cannabis sold in the state falls into a legal gray area.

California officials are having none of it anymore. State tax collectors have been specifically active against black market sellers, intensifying enforcement against unlicensed cannabis enterprises that owe the state millions of dollars in unpaid taxes. For the past couple of months, the California Department of Tax and Fee Administration (CDTFA) has ramped up efforts against underground businesses that have been raking in billions of tax-free dollars every year.

The agency has carried out raids on underground operators and auctioned off hundreds of thousands of dollars’ worth of assets in a bid to collect unpaid taxes. For example, in late March, the CDTFA auctioned off a Whittier property for $310,000; the property belonged to illegal cannabis operators who owed $850,000 in unpaid taxes. Later in May, the agency also auctioned off a Compton property for $50,000 before auctioning a second Compton property a few weeks later for $256,000.

According to the CDTFA, unlicensed operators used the latter property to sell unregistered and illegal cannabis products. Speaking to “MJBizDaily,” CDTFA spokesperson Tamma Adamek said that the agency is enforcing tax laws on illicit cannabis businesses to level the playing field for licensed operators. However, Adamek says that identifying and locating illicit sellers can be a challenge because they operate underground. Even so, the agency has managed to seize at least $32 million in cash and products since 2020.

Although some assumed that a legal and regulated cannabis market would deal a major blow to the illicit black market, illicit operators have continued to rake in billions of dollars from black-market sales. Illegal cannabis growers often use banned pesticides on their products, and they steal hundreds of millions of gallons of public water every year.

California’s tax man has also set his sights on licensed operators who have fallen behind on their tax obligations. CDTFA figures show that licensed and unlicensed operators owe the state $187 million in back taxes. Adamek states that the agency had put a stop to its tax collection activities during the COVID pandemic but it is resuming collection efforts now that the economy is starting to recover.

As the state cracks the whip against illicit players on the California marijuana scene, licensed companies such as American Cannabis Partners will have a better playing field within which to operate and thrive.

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CannabisNewsBreaks – Flora Growth Corp.’s (NASDAQ: FLGC) Completion of Key Milestones Position It for Success

Flora Growth Corp. (NASDAQ: FLGC) recently announced financial and operating results for the 2021 fiscal year that show the success of its efforts as revenues and profits begin what is expected to be a rapid climb. “The year-end financial results show about $9 million in revenues, which is ‘significantly higher’ than those reported the prior year before the law change and Flora’s IPO launch on the Nasdaq Capital Market. The report maintains the company’s outlook for ending 2022 with revenues of $35 million to $45 million, which would be growth of between 288% and 400% over 2021. Much of Flora’s momentum is driven by its acquisition of consumer wellness brand JustCBD, which increased Flora’s profile to more than half a million consumers through 14,000 retail stores in the United States,” reads a recent article. “We are proud of the milestones we achieved in 2021, including the completion of key strategic infrastructure projects, the strengthening of our balance sheet and the deployment of our M&A strategy,” CEO and Chairman Luis Merchan stated. “The completion of our cultivation and extraction facilities has positioned Flora for success in this rapidly evolving industry, as we satisfied the requirements for the cultivation, transformation and export of up to 43.6 tons of THC cannabis flower.”

To view the full article, visit https://cnw.fm/xYV8r

About Flora Growth Corp.

Flora is building a connected, design-led collective of plant-based wellness and lifestyle brands delivering the most compelling customer experiences in the world, one community at a time. As the operator of one of the most extensive 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.

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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 — Cannabis Coalition Unveils New Campaign in Support of Banking Reform

Minorities for Medical Marijuana, Minority Cannabis Business Association, Marijuana Matters and Women Grow have banded together to create a campaign to help promote the economic and social equity advantages of allowing businesses involved in the cannabis industry to access financial services. The objective of the campaign, which has been dubbed SAFE4Equity, is to call for the SAFE Banking Act to be approved in Congress.

This banking measure, which is sponsored by Rep. Ed Perlmutter, was enacted as part of the America COMPETES Act, which is currently in negotiations in a bicameral conference committee.

Despite some advocates criticizing those who would like the banking reform to advance before a comprehensive measure is enacted, the cannabis advocacy group coalition believes that the reform’s passage would uniquely benefit small and minority and women-owned businesses because it would offer them resources that allow them to operate safely in this cash-intensive and volatile industry, while also competing effectively.

Marijuana Matters executive director Courtney Davis added that while this banking legislation wouldn’t repair the harms of the war on drugs, it would support people from historically disadvantaged communities and enable them to become successful entrepreneurs in the growing marijuana space.

Minorities for Medical Marijuana CEO Roz McCarthy stated that advocates had been calling for sensible marijuana reform for a long time now, adding that passing this equal and safe banking measure for those involved in the regulated marijuana industry would be a big step in the right direction.

Executive director of the Minority Cannabis Business Association Amber LittleJohn explained that the SAFE Banking Act’s passage would create a sustainable future for small marijuana business and put an end to the unjust criminalization of marijuana. This is what Perlmutter has repeatedly stated while advocating for the banking reform’s passage.

During a recent press release, the congressman stated that he appreciated the campaign’s support of the SAFE Banking Act as well as the coalition’s advocacy for federal marijuana reform, noting that the banking measure would address the needs of small businesses and underserved communities. Perlmutter added that it was vital that the bicameral committee solve this issue as soon as it could and begin relieving the threat of inequity and public safety that threatens emerging small businesses and communities in various parts of the country.

The congressman’s office also put out a separate press release last week that quoted a number of his colleagues in Congress who supported the SAFE Banking Act’s passage as a reform that would address equity, financial transparency and public safety not only for companies such as Flora Growth Corp. (NASDAQ: FLGC) but for entire communities.

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420 with CNW — California Government Report Highlights Racially Slanted Drug-War Effects

America’s criminal justice system has never been kind to minorities. Long before the drug war wrought untold havoc on the Black community, people of color were much more likely to run afoul of the law, even if they were innocent or had committed the same crime as a White individual. The war on drugs stepped up this racial persecution and allowed the criminal justice system to arrest and convict nearly half a million Black Americans.

A California government task force recently released an interim report on offering the Black community reparations for the damage caused by marijuana criminalization and the failed drug war as a whole. Established by a bill passed into law in 2020, the Reparations Task Force published a nearly 500-page report to delve deeper into how the U.S.’s drug policies were weaponized against minorities and led to a cycle of widespread incarceration.

It includes an extremely detailed analysis of the history of the failed drug war and how law enforcement was used to disproportionately target and imprison Black people. The report states unequivocally that the government criminalized African Americans “at all levels” for social control.

For instance, the report says, one of President Richard Nixon’s top advisors reportedly claimed that the administration’s plan was to get the public to associate Blacks and hippies with marijuana and heroin, and heavily criminalize both drugs to disrupt those communities. The report states that despite research showing that both White and Black people use drugs at nearly identical rates, Blacks are almost four times more likely to be prosecuted and imprisoned on drug charges.

Despite the fact that White people make up the majority of recreational drug users in the country, the report adds, Blacks and Latinos make up three-fourths of the people imprisoned for drug offenses. This has led to significant voter disenfranchisement, the report says. Even worse, it has led to the breakdown of the Black family.

With hundreds of thousands of Black men in prison, many of them for minor drug charges, scores of Black children have had their families ripped apart and have been forced to grow up without the emotional and financial security offered in a two-parent household. The interim report also notes Republicans aren’t the only ones to blame for the institutional racism that pervades America’s criminal justice system; Democratic leaders also pushed for more punitive drug policies. For starters, President Bill Clinton signed the 1994 Crime Bill into law, increasing the penalties for drug charges and upping the rate of mass incarceration.

Then-Senator Joe Biden was also instrumental in passing a couple of bills that further exacerbated racism in law enforcement and sentencing disparity. The task force will release a final report with recommendations on July 1, 2023.

Such reports from committees instituted by state governments vindicate the cannabis industry and industry players such as Cannabis Strategic Ventures Inc. (OTC: NUGS) for campaigning to end prohibition in order to end the racial disparities evident in the way drug laws were being implemented in different jurisdictions.

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Prime Harvest Profile: Jaxx Cannabis

Jaxx Cannabis is carving out a top spot in the cannabis world with its renowned customer service and quality products. The flagship brand in a portfolio of superior offerings from Prime Harvest, Jaxx features an expertly curated selection of premium products from some of the most respected brands in the thriving California market. Jaxx products are carefully selected to combine valued and quality to create an experience focused and centered on consumers.

Jaxx Cannabis has differentiated itself in the cannabis space by creating and nurturing a welcoming culture for everyone and being innovative in uncovering new ways to grow both the company and the industry. Jaxx understands the strong connection between meeting the needs and wants of consumers with profitability, and the company is accountable to do both.

Empowering, Changing Lives

Located in San Diego, Jaxx prides itself on carrying only the best in cannabis products. Visitors to both the brick-and-mortar and online stores can choose from an array of categories, including flower, pre-rolls, vaporizers, concentrates, edibles, tinctures and topicals. Jaxx enthusiasts can even order from a complete line of accessories, including everything from bowls and spoons to entire starter kits, as well as Jaxx swag, including T-shirts, hats, and consumption accessories.

Committed to empowering and changing lives, Jaxx excels at helping consumers find the right products for their unique lifestyles. The company accomplishes this by offering hand-selected products that meet both county and state regulations — every product has been carefully “Jaxx evaluated” — as well as providing personalized customer service. Each Jaxx staff member is specifically trained to answer any and all questions that consumers may have and to help visitors identify exactly what they need to experience the cannabis results they are looking for.

In addition, Jaxx takes customer service one step further. Customers can order online 24/7, and arrange for pick up the next day while customers in the San Diego area can have their product delivered. The Jaxx brick and mortar and online stores also offer daily deals and cash-back rewards.

Placing Customers Front and Center

Jaxx prides itself on delivering the experience its customers want. With the support of Jaxx staff, cannabis users can decide whether the calm, peaceful effects of indica or the energizing sativa strains work best. Maybe a customer is looking for help to focus and concentrate or perhaps a creative jumpstart is the end goal. Regardless, Jaxx has the people with the know-how and the products with the power to make those experiences happen.

Simply stated, Jaxx places customers at the front and center of its world. From the moment a potential customer steps inside the Jaxx world to the moment a consumer starts enjoying the cannabis experience they were looking for, Jaxx offers unparalleled support, assistance and service every step of the way.

The Prime Harvest Connection

Jaxx is only one piece of the Prime Harvest. The company is a full-service cannabis company with an array of operations spanning various segments of the cannabis value chain, from licensing acquisition and compliance management to direct-to-consumer operations. Prime Harvest is following a deliberate business strategy designed for both short-term growth and long-term success. By investing in the growth and scale of licensed assets in California and combining those assets with the potential of data-driven technology to expand its footprint throughout California, Prime Harvest is establishing itself as a leader in the cannabis space.

In addition, the company’s strategy goes beyond the bottom line. The company is committed to sustainability, working to ensure that the communities it serves enjoy their fair share of the financial profit as well as employment opportunities and protected environments. Prime Harvest’s sustainability commitment also involves enrichment and impactful innovation through R&D and education.

Market Overview

Ongoing changes in U.S. state government policies toward cannabis are expected to cause demand for legal marijuana to surge. In addition, the number of indications for which medical marijuana is prescribed continues to increase. These factors are expected to rapidly boost legal sales of cannabis products. A handful of states are expected to pass marijuana legislation in the coming year, joining the 38 states and Washington, DC, that have legalized medical marijuana; 19 of those have also legalized recreational marijuana use.

Legal sales across the U.S. hit a record of $25 billion in 2021, marking an increase of 40%, according to BofA Securities. This strong growth is expected to continue. According to a Grand View Research report, the global legal marijuana market is forecast to grow at a CAGR of 25.5% from 2022 to 2030.

California – Prime Harvest’s home state – has consistently led the pack in terms of U.S. cannabis sales. Cannabis Business Times pegged cannabis spending in the Golden State at more than $5.2 billion in taxable sales for 2021, the best year yet for the state.

Leadership Team

The Jaxx/Prime Harvest team is composed of true experts in their respective fields focused on building a world-class organization capable of driving the cannabis industry and movement forward.

E. Duane Alexander is the company’s founder and CEO. He brings to the team more than 25 years of real-world, hands-on cannabis retail, marketing and commercial operations experience. Mr. Alexander has championed 40+ cannabis license applications throughout the western U.S. to date.

John Wilczak is the COO of Prime Harvest. He has 30+ years of executive management, strategy development & configuration experience with GE, pharmaceutical and agriculture companies. Mr. Wilczak is a Brown & Columbia MBA with vast knowledge of technology driven intellectual properties.

Andrea Jenson is the Chief Financial Officer of Prime Harvest. As CFO, she is responsible for all the company’s financial functions, including accounting, corporate finance and investor relations. Her career spans more than 20 years of varied experience in financial management, business leadership and financial strategy.

John Kazanjian is the VP of Business Development of Prime Harvest. He has worked over 40 years in business operations, brand marketing, sales and investor/lender communications. Mr. Kazanjian earned his B.S. from Rutgers University and his MBA from Harvard University.

Johann Balbuena is the Chief Marketing Officer of Prime Harvest. She has more than six years of experience in California cannabis licensing acquisition and compliance management. Ms. Balbuena has led multimedia production and content marketing efforts for the likes of The Emerald Cup, High Times, Weedmaps and Synergy.

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

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420 with CNW — Seedless Strains Could Dominate Future of Marijuana Industry

Cannabis may be colloquially known as weed, but the truth is that cultivating a batch of healthy and profitable cannabis plants requires plenty of care and attention to detail. A fickle plant in many ways, cannabis often gives cultivators a hard time, especially if those cultivators are commercial growers with large scale cultivations.

One major issue that plagues commercial growers and has the potential to reduce their yield is pollination. Cannabis is dioecious, which means it produces male and female flowers on separate plants. Once female plants are pollinated, the quantity and quality of their yield is reduced significantly.

As such, the cannabis industry has come to revere seedless varieties that do not produce seeds. A special strain dubbed cannabis sinsemilla, which is Spanish for “without seeds,” was created in the 1970s by separating female plants from their pollen-producing male counterparts.

Triploid cannabis strains are the next stage in the industry’s quest for seedless cannabis varieties. Normally, cannabis plants are diploid, meaning they have 10 pairs of chromosomes. Research in recent years has revealed that cannabis can also have four copies (tetraploid) and eight copies (octoploid). Scientists also managed to develop cannabis plants with triploid expression by crossing a diploid plant with a tetraploid.

With most of the market placing a higher value on seedless cannabis varieties, strains such as triploid cannabis are poised to become the industry standard as they have a significant advantage over seeded varieties. Although cannabis sinsemilla is seedless, it is still sensitive to pollen. If there are any males within your plants, they can pollinate the female and significantly reduce your yield.

Even if you manage to weed out every male, your female plants will still be sensitive to pollen from cross-pollination. Triploid varieties avoid this pitfall by being insensitive to pollen; in addition, they will not produce seeds even if they are pollinated, meaning growers don’t have to spend time and resources separating the males from the females or worrying about cross pollination.

By investing in triploid varieties rather than cannabis sinsemilla, growers can reduce the risk of cross-pollination by nearly 100%, allowing them to maximize their yields and scale up their production without having to deal with crop losses. Seedless strains that are not sensitive to pollination also provide an opportunity to cut down on labor costs because there will be no need to keep males and females separated.

Large-scale cannabis operations stand to benefit a great deal from seedless cannabis varieties. Companies such as Dark Heart Industries are already working to perfect triploid strains that are insensitive to pollination. The cannabis industry may soon be awash with triploid cannabis as growers take advantage of the numerous benefits they offer.

It could be interesting to see how those seedless cannabis varieties would perform when grown in the high-tech micro gardens made by Advanced Container Technologies Inc. (OTC: ACTX) and other such companies.

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420 with CNW — Researchers Find That THC Blood Tests Don’t Detect Impairment

New research has found additional evidence that THC levels detected in the breath or blood of marijuana users isn’t a dependable impairment indicator. The scientists discovered that THC levels in the breath and blood didn’t offer dependable evidence of how recently an individual had used marijuana.

For their study, the researchers recruited test subjects that were mostly individuals whom were daily marijuana users as test subjects. The researchers then determined the levels of THC in their breath and blood before and after each of them inhaled marijuana.

Before they inhaled marijuana, most of the participants had residual levels of THC of 5ng/ml or higher. This value exceeds the legal limit in a number of states. In their report, the researchers noted that THC at levels like this was still detectable, despite the absence of impairment. After each of the participants had inhaled the marijuana, the scientists observed an inverse relationship between performance impairment and levels of THC in the blood.

The researchers stated that their findings were consistent with other studies that have found that THC is detectable in an individual’s breath a number of days after it was last used. They explained that breath-based testing technologies for marijuana use relied solely on detecting THC’s presence, and they could result in test outcomes that were false positives. This is because THC’s presence in an individual’s breath was detectable outside the window of impairment.

These findings are consistent with the results of a separate study that was published last year in the “Neuroscience & Biobehavioral Review” journal. Scientists in this study conducted an analysis of research on concentrations of THC in the saliva and blood and driving performance.

Dr. Danielle McCartney, the lead author of this study, stated that higher concentrations of THC in the blood were only weakly linked to increased impairment in occasional users of marijuana, noting that no significant relationship was observed in regular users of marijuana. This suggested that concentrations of THC in oral fluid and blood were poor indicators of THC-induced impairment from marijuana consumption.

McCartney noted that the group’s findings showed that individuals who weren’t impaired could be identified mistakenly as marijuana intoxicated when the limits of THC are imposed by the law. The researchers noted that their findings called into question the reliance on levels of THC by law enforcement in America and the validity of random testing for THC in saliva.

The study’s findings were published in the “Scientific Reports” journal.

The entire marijuana industry, including entities such as American Cannabis Partners, can be expected to look forward to reliable technology that detects marijuana impairment and prevents users from being victimized for past cannabis use simply because metabolites are still detectable in their systems.

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CannabisNewsBreaks – Lexaria Bioscience Corp. (NASDAQ: LEXX) Grants DehydraTECH(TM) License to Ireland-Based AnodGen Bioceuticals

Lexaria Bioscience (NASDAQ: LEXX, LEXXW), a global innovator in drug delivery platforms, today announced the awarding of a five-year, non-exclusive DehydraTECH(TM) license from its wholly-owned subsidiary, Lexaria Pharmaceutical Corp., to AnodGen Bioceuticals of Ireland. According to the update, the awarded license is valid for the manufacturing and distribution of DehydraTECH-processed cannabinoid active pharmaceutical ingredient (“API”) powders within Europe including the U.K., Australia and New Zealand; including pharmaceutical and medical product applications for psychoactive cannabinoids and medical product applications for non-psychoactive cannabinoids. AnodGen, which has the right to manufacture and sell these API powders to third party companies for their own products designated by a national regulator as a medical product, drug, nutraceutical, pharmaceutical or biopharmaceutical, will pay royalty fees to Lexaria for all API powders sold that utilize the DehydraTECH technology. “This strategic alliance with Lexaria Bioscience Corp. underscores the focus of AnodGen to ‘Bring Science to Life,’ in addition to our research and APIs,” said Dr Slimane Aboulkacem, chairman and founding member of AnodGen Bioceuticals.

To view the full press release, visit https://cnw.fm/i8kzk

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.

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InvestorNewsBreaks – Home Bistro Inc. (HBIS) Engages Alab Group for Brand Strategy Expertise

Home Bistro (OTC: HBIS), a leading online meal delivery platform that offers celebrity chef-inspired, gourmet and lifestyle ready-made meals, today announced that it has retained public relations firm Alab Group, known for its work across hospitality, food and lifestyle initiatives, to assist in the development of new brand strategies. Under the collaboration, Alab will work with an initial focus on Home Bistro to oversee, develop and execute an overarching communication strategy with a secondary phase to support the Model Meals’ brand. “Our new relationship with Alab is extremely important to the company’s continued growth,” said Home Bistro’s Chief Marketing Officer Danika Brysha. “Given their expertise and proven abilities, over the next few months we expect to further strengthen our celebrity-chef focused brand presence, increase visibility for Home Bistro and Model Meals on a national level, and increase sales and new customer acquisition through a variety of public channels. This is an important next step in the evolution of the Home Bistro platform and Model Meals brand, and we are looking forward to the success of this meaningful partnership.”

To view the full press release, visit https://ibn.fm/obmWD

About Home Bistro Inc.

Home Bistro is a leading online platform that provides for the creation, production and distribution of direct-to-consumer, heat-to-eat, celebrity chef inspired gourmet meals, which currently include inspirations developed by “Iron Chef” Cat Cora, Ayesha Curry, “Hungry Fan” Chef Daina Falk, “Master Chef” Claudia Sandoval, “Top-Chef All-Star” Richard Blais, Celebrity Pastry and Dessert Chef Melanie Moss, and soon to launch celebrity chefs Roblé Ali and Priyanka Naik. Home Bistro’s Model Meals lifestyle brand is a Whole30 and Paleo approved, ready-to-eat, meal prep service, offering a weekly rotating menu that is prepared by professional chefs, using only the highest quality ingredients available, sourced responsibly and locally, and delivered in sustainable, eco-friendly packaging. For more information, visit www.HomeBistro.com.

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

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