Category: CannabisNewsWire Release

CannabisNewsBreaks – Alternative Products Expo to Shine the Spotlight on Innovative Products, Services Disrupting Traditional Markets

Following numerous successful events in North America, the Alternative Products Expo is set to take place on May 21-22 at Plaza Mayor in Medellin, Colombia. Alternative Products Expo Colombia will feature 50-plus expert speakers, over 125 exhibitors and more than 1,000 of the most innovative and cutting-edge products within the alternative products space. Through keynotes, panels and workshops, industry experts will share their insights and educate attendees about the latest trends in the alternative products ecosystem. The one-of-a-kind business networking event will showcase all categories of innovative products and services currently disrupting traditional markets. The alternative products category typically includes herbals, CBD and other cannabis derivatives, vape products, cannabis accessories, hemp products, energy boosters and dietary supplements, among others. Event sponsors include some of the biggest brands in the Latin America alternative products space, including JuicyFields.io, Miami Ice / Fuggin 8, Cake, 3Chi, Trinity Hemp, LightFire, EZ Delta 8 Wholesale, and many more.

To view the full press release, visit https://cnw.fm/9vxWu

About Alternative Products Expo

Alternative Products Expo, formerly USA CBD Expo, is a production of ZJ Events. Its founders were once exhibitors who, after attending countless trade show events, saw an opportunity to build upon their experience and create an event that combined the best they had seen, with their own notion of what was missing in these business gatherings. By bringing the alternative community together, Alternative Products Expo seeks to provide industry professionals from all corners of the market with an immersive and unique opportunity for networking and business expansion. For more information, visit https://AltProExpo.com.

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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CannabisNewsBreaks – Flora Growth Corp. (NASDAQ: FLGC) Expands Global Footprint to Establish Presence in the UK and EU

Flora (NASDAQ: FLGC), a leading all-outdoor cultivator, manufacturer and distributor of global cannabis products and brands, today announced expansion of its operational footprint in Europe and the United Kingdom, furthering its international growth strategy. According to the update, the London-based offices will serve as the regional headquarters for Flora’s sales force and management of its distribution centers in the U.K. and Netherlands. Flora additionally bolsters its strategic positioning in the region by partnering with Hoshi to distribute the company’s broader product portfolio to 11 countries, including Germany, Portugal, the U.K., Italy, Poland, the Czech Republic, Denmark, the Netherlands, Switzerland, Malta, and Macedonia. “Establishing our roots in the U.K. and EU will not only afford us opportunities to increase our distribution and grow market share, but it will generate actionable market insights for our team to continue to innovate and deliver the most compelling experiences we can,” said Luis Merchan, president and CEO of Flora. “The latest global expansion highlights our commitment to driving exponential growth and scale.”

To view the full press release, visit https://cnw.fm/K5Jvt

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.

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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O’Cannabiz International Conference, Expo, Retail Summit, and Awards Gala, for Cannabis Industry Professionals

The O’Cannabiz International Conference & Expo is a three-day event that will be held primarily at the International Center on Airport Road in Hall #5. During the O’Cannabiz International Conference & Expo, attendees will have the opportunity to participate in various activities, including a two-day Retail Summit and the privately ticketed Awards Gala to be held at Casa Loma and hosted by Family Feud Canada host Gerry Dee on June 1.

O’Cannabiz is currently consisting of over 70 sessions with 200 speakers for 5,000 attendees being facilitated in a 100,000 square foot expo hall – with hundreds of industry networking opportunities available. The Title Sponsor for the event is ND Supplies, the official packaging partner for O’Cannabiz – with several other partners falling into categories labeled Platinum, Gold, Media, and Retail.

Some of the featured exhibitors expected on-site include:

  • ND Supplies
  • 3M
  • 420 Financial
  • AAPS
  • Blue Sky Organics
  • Brigham
  • Cannapiece
  • Detonate Cannabis Agency
  • HYDE Advisory & Investments
  • Pure Atomist
  • Tychon Packaging Inc.
  • University of Waterloo
  • Zenith Safety Products
  • and more!

The retailers attending the two-day Retail Summit are offered free admission as long as they are based in Canada and register before the event takes place. The free admission to the summit ($149 value) does not cover retailers’ VIP Business Conference, Psychedelic Summit, or Awards Dinner Gala entry – and is limited to two free passes per retail location. Retailers also have the opportunity to sign up as exhibitors.

O’Cannabiz Conference & Expo Schedule-at-a-Glance:

Day 1: 8:00 am – 8:00 pm

Registration hours and exhibitor load-in are available during all scheduled conference hours on day one. The VIP Business Conference is scheduled from 9:00 am to 4:30 pm, with a networking luncheon scheduled from noon to 1:30 pm. 

The Awards Dinner and Gala will take place at Casa Loma. They will begin with a Red Carpet Royalty Cocktail Reception promptly beginning at 6:15 pm, followed by the awards and dinner at 7:00 pm and an after party from 9:00 pm to 11:00 pm.

Day 2: 7:30 am – 6:00 pm

Registration hours for day two of the event will be from 7:30 am to 6:00 pm. An investor’s breakfast will be offered from 8:30 am until 10:00 am. The expo will run from 10:00 am until 5:00 pm with a “Meet the Exhibitor” Happy Hour immediately following from 5:00 pm to 6:00 pm.

Both the Psychedelic Summit and Retail Summit will take place in Hall A and Hall B, respectively, from 10:00 am to 4:00 pm. 

Day 3: 7:30 am – 3:00 pm

Registration hours for the final day of the summit will run from 7:30 am to 3:00 pm. A Balanced Breakfast: Bringing Diversity, Equity, and Inclusion to the Table breakfast will transpire from 8:30 am to 10:00 am. The expo will be operational from 10:00 am to 3:00 pm that day, and the retail summit will open from 10:30 am to 3:00 pm.

O’Cannabiz reminds anyone considering attending the conference and expo that cannabis (in any form) will not be available on-site, and anyone in attendance must be 19 years of age or older. 

For more information or to register for the event, visit https://ocannabiz.com/.

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

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420 with CNW — Schumer Has Talked to Six GOP Senators About Bill

While speaking at a marijuana parade and rally in New York City last Saturday, Senate Majority Leader Chuck Schumer revealed that he had so far talked to half a dozen Republican senators about his upcoming federal legalization bill for marijuana. The annual NYC Cannabis Parade and Rally attracted notable attendees such as Jerrold Nadler, the chair of the Judiciary Committee in the U.S. House of Representatives. Nadler’s bill seeking to end cannabis prohibition federally was approved by the full House in April.

During his speech at the rally in his home state, Schumer reassured event attendees that he was committed to seeing marijuana legalized federally. To this end, the lawmaker revealed that he had sent out invitations to every lawmaker in the upper chamber of Congress so that these individuals can discuss with him any objections they may have to his upcoming comprehensive bill aimed at ending marijuana prohibition at the federal level.

He added that so far, he had interacted with half a dozen Republicans and there was a chance that he could win over 10 of them so that his bill can get at least 60 votes on the floor, the number needed to get this legislation approved for enactment.

However, industry watchers say the majority leader actually needs to woo more than 10 Republicans if he is to stand a chance of seeing his bill succeed. This is because not all Democrats in the Senate are currently in support of his marijuana legalization bill, meaning that he has an uphill task to convince a lot more GOP legislators to support the measure and meet the 60-vote requirement for passage.

Schumer vowed that he and his coauthors of the bill, Ron Wyden and Cory Booker, would do everything necessary to get support for that bill so that it is passed as soon as possible. Referring to the rain that was falling during the NYC event, the senate majority leader said that nothing, not even the rain, could dampen the enthusiasm to see an end to the prohibition of marijuana.

The timeline of the tabling of this bill has caused some concern among activists and advocates given that the bill was initially planned for introduction in April, but Schumer later pushed it to later in the year, at least before the lawmakers enter the August recess.

The New York City event didn’t focus only on Schumer’s long-promised bill. The recent coming into effect of the law legalizing recreational marijuana in the state was also celebrated as different speakers noted how the upcoming commencement of legal sales would be a huge turning point for the people.

As more states legalize marijuana and allow licensed companies such as Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) to operate, the economic benefits, including the creation of high-paying jobs, will continue to manifest as the sector matures.

NOTE TO INVESTORS: The latest news and updates relating to Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) are available in the company’s newsroom at https://cnw.fm/RWBYF

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 — Illinois Cannabis Sales Resume Upward Trajectory

The recreational marijuana market in Illinois seems to be getting over the dip it experienced at the beginning of the year, state records show. According to figures released by the Department of Financial and Professional Regulation (IDFPR), a total of $132 million was registered from the adult-use cannabis sales made during the month of April.

After enjoying strong sales toward the end of last year, there was an unexplained slump in the sales reported during January and February this year. However, the records for March and April indicate that the slump may be a thing of the past and the sector is looking up again.

According to the IDFPR, state residents bought recreational marijuana products worth nearly $91 million while adults from out of state bought products worth approximately $41 million. In all, 3,102,233 recreational marijuana products were sold to garner the $132 million in sales for the month of April. This figure only covers recreational marijuana sales since the products sold as medical marijuana products are overseen by a different state agency  which releases its own reports.

From the record-breaking $1.4 billion in sales of recreational cannabis registered last year, the state collected a little more than $100 million in marijuana tax when compared to the total taxes the state collected from the sale of alcohol. It is therefore baffling that after a year that ended so strongly, there was a dip as 2022 got underway.

It is also not yet clear why March and April registered improved month-on-month sales. Some say that the 4/20 holiday may have had something to do with the resurgence, but since this holiday happens in April, how does it explain the improved numbers in March?

That aside, the state is making good on its promise to deploy some of the monies collected as marijuana taxes in programs geared to help communities that were hard hit by the futile drug war. For example, state officials published an advert back in December revealing that $45 million was available for grants and interested applicants could start submitting their expression of interest in accessing some of these funds.

This second round of funding is in line with R3 program, which requires one-quarter of all the money collected as recreational cannabis tax be allocated to helping disadvantaged individuals and communities through the provision of youth development, legal aid and actual financial support as well as community reentry.

In addition to this funding, Gov. Jay Robert (JB) Pritzker announced in 2020 that more than one-half a million pardons and expungements related to minor cannabis offenses had been handled and concluded by his office.

Such positive strides recorded in states with legal marijuana markets and licensed actors such as American Cannabis Partners make a strong case for pursuing legalization at the federal level so that these benefits can be replicated throughout the country.

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

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CannabisNewsBreaks – CWCBExpo New York’s ‘In Conversation With’ Series to Feature Prolific Industry Leaders

Two prolific leaders in the cannabis and hemp industry, Chris Beals and Nick Kovacevich, will be featured speakers in the “In Conversation with…” series at CWCBExpo New York. The event is slated to take place June 2-4 at the Javits Center. The East Coast’s top B2B trade show and conference, CWCBExpo brings together some of the most influential and informed minds in the industry to discuss the latest in the areas of adult use legalization and legislation and its impact on businesses, communities and lifestyle.

“I am thrilled to sit down with Mona at this year’s CWCBExpo New York to talk about the work we’re doing at Weedmaps to help move the industry forward,” said Chris Beals, CEO of WM Technology, operator of Weedmaps. “It will be exciting to see everyone in person again as we collectively reflect on the progress made to date, and discuss what’s still needed to ensure a transparent, equitable cannabis industry becomes a reality.”

“I am really looking forward to attending CWCBExpo this year, such a storied event in our industry,” added Nick Kovacevich, CEO, Greenlane Holdings. “I’m super excited to be back in person, too, and at the epicenter of New York City right after statewide legalization!”

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

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

CWCBExpo is a business-to-business trade show event for the legalized cannabis and hemp industry. It is held in the largest business, financial and media markets. It is the leading forum for dispensary owners, growers, suppliers, investors, medical professionals, government regulators, legal counsel, and entrepreneurs looking to achieve business success and identify new areas of growth in this dynamic and fast-growing industry. For additional information, visit www.CWCBExpo.com.

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 – Flora Growth Corp. (NASDAQ: FLGC) Announces Strategic Launch of Vessel in Canada, OCS Partnership

Flora (NASDAQ: FLGC), a leading all-outdoor cultivator, manufacturer and distributor of global cannabis products and brands, today announced that its Vessel brand, a leader in premium cannabis accessories, secured meaningful penetration in Canada via an approved listing on the Ontario Cannabis Store (“OCS”). In addition, Vessel has launched its Canadian direct-to-consumer online store, www.VesselBrand.ca, to service customers directly across the country. “We’re elated about our partnership with the OCS and are looking forward to bringing the full Vessel experience to our loyal customers across Canada,” said Flora’s Chief Strategy Officer James Choe. “Our internal estimates show the Canadian cannabis market will be around CAD 5.9 billion this year, with the ancillary category making up about $350 – $475 million. That market potential, coupled with our expectations around meaningful retail door penetration across the country, signals promising growth in this market.”

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

About Flora Growth Corp.

Flora is building a connected, design-led collective of plant-based wellness and lifestyle brands 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 diverse business divisions of cosmetics, hemp textiles, and food and beverage. 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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CannabisNewsBreaks – Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) Expanding Reach, Reports ‘Significant Balance Sheet and Operational Improvements’

Red White & Bloom (CSE: RWB) (OTCQX: RWBYF) has been strengthening its revenue streams in the states where it operates, particularly in Michigan, Florida and California of late, while also working to deal with its debt to make it more long-term feasible, announcing recently that it has eliminated several million dollars’ worth of liabilities and annual expenses. “The acquisition earlier this year of a 15,000-square-foot manufacturing, processing and distribution facility as well as properties owned by PharmaCo Inc., in Michigan, plus full licensing for manufacturing both medical and adult-use cannabis products in the state, assured RWB’s efforts to become fully vertically integrated and to expand the reach of Platinum Vape,” notes a recent article. In an April 20 announcement, RWB noted its intention to “eliminate an intangible asset of about $77 million as well as a license liability of $60 million from its balance sheets following restructuring of its debt while reducing ‘well over $100 million of liabilities without any dilution to our shareholders,’ a continuation of efforts since last year to cut debt.” Of the strides RWB has achieved, the recent article quotes CEO Brad Rogers as saying, “We are very pleased with the significant balance sheet and operational improvements we have made in a relatively short period of time.”

To view the full article, visit https://cnw.fm/S7E1L

About Red White & Bloom Brands Inc.

Red White & Bloom is a multistate cannabis operator and house of premium brands in the U.S. legal cannabis and hemp sector. RWB is predominantly focusing its investments on the major U.S. markets, including Arizona, California, Florida, Illinois, Oklahoma, and Michigan with respect to cannabis, and the U.S. and internationally for hemp-based CBD products. For more information about the company, visit www.RedWhiteBloom.com.

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

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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Alternative Products Expo At Medellin, Colombia, To Promote The Local Business Community

Alternative Products Expo is coming to Medellín, Colombia, on May 21-22nd 2022. A leading organizer in the alternative industry, they’re committed to serving the community and strive to provide an exciting learning experience in a safe and conducive environment.

For one, exhibitors can showcase their products, expand their market reach, and get discovered by investors and industry professionals. Sponsored by JuicyFields.io, this event is expecting 100+ vendors and 1000+ products, including other sponsoring brands such as LightFire & EZ Delta 8 Wholesale.

A one-of-a-kind networking event, at Alt Pro Expo, buyers and investors seeking profitable avenues can discover some of the finest products even before they’re launched in the market. These products include Delta 8, nicotine replacements, vapes, CBD, Kratom and other botanicals, mood enhancers, hemp derivatives, energy boosters, and dietary supplements, to name a few. 

Alternative Products Expo offers a viable platform for building professional ties and connecting with a wider audience. Its mother company, ZJ Events, is a pioneer in organizing high-quality trade shows where each conversation leads to a potential business opportunity.

After hosting a series of trade shows at top US cities, they now arrive in Medellin, where they’re fostering the local and budding alternative market!

Become a part of this ever-growing community and join us at the next Alternative Products Expo in Medellín! 

To learn more, or to purchase your tickets, please visit altproexpo.com.

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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Lexaria Bioscience Corp.’s (NASDAQ: LEXX) DehydraTECH(TM) Technology Influencing the Pharmaceutical Industry

  • Lexaria began its human clinical study on oral nicotine alternatives, evaluating the effectiveness of its DehydraTECH-nicotine pouch performance 
  • Earlier in the year, the company also announced the commencement of its HYPER-H21-4 human clinical study on the effectiveness of DehydraTECH-processed CBD for hypertension treatment
  • Lexaria has also made some significant progress in the use of its technology for the enhanced delivery of antiviral drugs
  • It hopes that before the end of 2022, it will have built sufficient data to effect meaningful industry progress and sustainable increases in valuation

Lexaria Bioscience (NASDAQ: LEXX), since its inception, has been pushing the boundaries of drug delivery. Through its patented technology, DehydraTECH(TM), the company has achieved more efficient delivery of active pharmaceutical ingredients into the bloodstream while also increasing their bioavailability.

Its technology has seen application in pharmaceuticals, nutraceuticals, consumer packaged goods, and over-the-counter capsules, pills, tablets, and oral suspensions. Lexaria has explored its usage in the delivery of cannabinoids, nicotine, antivirals, PDE5 inhibitors, and more.

In March 2022, the company announced that it would begin a human clinical study, NIC-H22-1, focused on oral nicotine alternatives to replace smoking. The study would involve 36 participants and compare DehydraTECH’s nicotine pouch performance with existing brands on the market. In a previous animal study, the DehydraTECH-nicotine proved to deliver peak nicotine performance to the bloodstream 10 to 20 times faster than the study’s controls (https://cnw.fm/dxNJC). 

Lexaria is also in the process of a clinical human study, HYPER-H21-4, to determine the effectiveness of DehydraTECH-CBD for hypertension treatment. Involving 60 participants, this ranks as one of the most comprehensive studies undertaken by Lexaria and is a significant step for the company as it seeks Investigational New Drug (“IND”) approval by the United States Food and Drug Administration (“FDA”). Results are expected in Q3 2022 (https://cnw.fm/ZuBWv). 

Lexaria has also made significant progress using its technology for the enhanced delivery of antiviral drugs. On April 26, 2022, it received its 25th patent granted worldwide in what Chris Bunka, the Chief Executive Officer (“CEO”) of the company, referred to as “Another validation of the versatility of our DehydraTECH drug delivery technology” (https://cnw.fm/6FEzS). 

Earlier in the year, Lexaria also announced commencing the first phase of its epilepsy research program, EPIL-A21-1. The study would assess the seizure-inhibiting activity of CBD administered via the company’s DehydraTECH technology. More specifically, Lexaria aimed to compare its technology to the only FDA-approved CBD-based seizure medication Epidiolex, used to treat seizures associated with two rare forms of pediatric epilepsy- Lennox-Gastaut syndrome and Dravet syndrome (https://cnw.fm/0nkiX). 

All of Lexaria’s efforts serve to demonstrate the superior performance of both its research program and its DehydraTECH drug delivery technology. By doing so, it is looking to tap into various markets, including but not limited to oral cannabinoids, oral mucosal nicotine, antivirals, human hormones, dementia, rheumatoid disease and diabetes. 

Lexaria’s management hopes that before the end of the 2022 calendar year, it will have built sufficient data to effect meaningful industry progress and sustainable increases in valuation to steer the conversation forward and allow for the greater adoption of DehydraTECH.

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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