Category: CannabisNewsWire Release

420 with CNW — Cannabis Growers Could Be Left Out of California Drought Plan

As another record-setting dry summer approaches, marijuana cultivators are on the brink of being left out of a California program aimed at assisting growers while preserving water resources. The plan, suggested by state governor Gavin Newsom, aims at injecting approximately $268 million into paying various farmers so that they leave their fields to fallow during summer.

However, marijuana cultivators haven’t been included in the proposal being discussed to pay growers not to plant anything during summer. The state government is working with the largest providers of water in a bid to ease the rate at which water resources will be utilized for agriculture this summer.

It should be noted that only select areas of the state are to benefit from this drought assistance program. The area of interest is the watershed whose origin is the Sierra Nevada ranges found in the northern region of the state. The program is aimed at convincing farmers not to grow crops, including alfalfa, rice and nuts, which require plenty of water during their growth cycle.

Analysts say that it is unfortunate that California isn’t looking at marijuana farmers as worthy of receiving support at a time when their tax burden is huge yet operational conditions aren’t ideal due to the brutal drought. It is as though marijuana growers aren’t looked at as practicing agriculture, says Mendocino Cannabis Alliance’s Michael Katz. He says if support isn’t forthcoming to the cannabis sector during the drought, plenty of small-scale farmers are likely to be distressed and go out of business.

According to California’s Department of Cannabis Control, it is premature for marijuana growers to complain about being left out of the drought plan. The DCC says the plan is still in its draft form and there is no telling which growers will or will not be included in the final text of the program.

However, the executive director of an umbrella organization called the Origins Council representing nearly 1,000 small-scale cannabis farmers doesn’t take any comfort from the position of the DCC. Genine Coleman says that for half a year, he has been busy lobbying local and state government agencies to come up with a policy on fallowing but no commitment has been made on this issue.

With the first quarter of the year receiving the least amount of rain in the state in recorded history, all the counties in the state have declared drought emergencies. It would therefore be reasonable for all crop cultivation activities to be included in the drought assistance program.

As thing stand, it looks like only established firms like Cannabis Strategic Ventures Inc. (OTC: NUGS) with the capacity to use their own wells will weather this drought while smaller actors in the industry could find themselves in dire straits without the drought assistance.

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

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CannabisNewsBreaks – Organa Kannalytics’ SHMC Event to Shine the Spotlight on Medical Use, Practices and Opportunities in the Hemp and Cannabis Space

Organa Kannalytics, an advocacy organization seeking to bring legitimacy to the hemp and medical cannabis industry through science and education, today announced the 2022 Southeastern Hemp and Medical Cannabis (“SHMC”) Convention and Expo will be held May 12-14, 2022. The event will take place live at the Cobb Galleria Centre in Atlanta, Georgia, as well as virtually via livestream. The multi-day SHMC expo will offer networking opportunities and break-out sessions covering medical use and practices and business opportunities in the hemp and cannabis space. “We’re excited to offer people from all over the country in the cannabis space a place to connect and learn about the latest developments in our industry,” said Bridgett Graham, CEO of Organa Kannalytics. “After unavoidably postponing last year’s event due to COVID-19, we’re thrilled to welcome people back to Atlanta to meet face-to-face at the region’s top cannabis conference and expo. This year we will have outstanding keynotes, many new exhibitors and an informative Women in Cannabis luncheon. Whatever your interest in the cannabis business, you’ll be able to connect, learn and be inspired by your participation.”

To view the full press release, visit https://cnw.fm/8Zqk1

About Organa Kannalytics

Organna Kannalytics, headquartered in Atlanta, Georgia, is a consulting agency, medical cannabis dispensary, educational research center and the organizer of the annual Southeastern Hemp and Medical Cannabis Conference. Organa Kannalytics’ mission is to bring legitimacy to the hemp and medical cannabis industry through science and education. For tickets to SHMC and to explore sponsorship, speaker, exhibit or volunteer opportunities at the convention, please visit www.OrganaKannalytics.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 – Advanced Container Technologies Inc. (ACTX) GrowPods Viable Solution for Food Shortages

Advanced Container Technologies (OTC: ACTX), the exclusive U.S. distributor of self-contained, automated, indoor “micro-farms” called GrowPods, along with related equipment and supplies, has reported that these modular hydroponic greenhouses can help reduce global food shortage. The GrowPods can be set up almost anywhere in the world and can help feed local populations. Food shortage is a relevant topic because of the food shortages caused by the war in Ukraine. The country has been called the “breadbasket” of the world because it grows enough food, particularly wheat, to feed an estimated 400 million people. According to experts, the war is already impacting the food supply for everyone. According to Advanced Container Technologies, GrowPods can be set up almost anywhere and can be growing food in a matter of days. “GrowPods are complete growing systems so farming can get started quickly,” said Advanced Container Technologies CEO Doug Heldoorn in the press release. “Every farm-related task — from seeding to harvesting — is handled within the system. . . . These systems are perfect for relief organizations. We urge policymakers, NGOs and nonprofit organizations to consider deploying GrowPods or equivalent systems around the world in areas where food is desperately needed. This is not about selling more automated farms, it’s about solving a worldwide crisis and feeding people in desperate need.”

To view the full press release, visit https://cnw.fm/Q9Sxm

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

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CannabisNewsWire is part of the InvestorBrandNetwork.

Prime Harvest Inc. Is ‘One to Watch’

  • Prime Harvest is leveraging a long-term strategy of investing in the growth and scale of licensed assets in California, anchored by the power of data-driven technology
  • Its flagship brand, Jaxx Cannabis, aims to use technology to facilitate a true customer-centric culture while enhancing the overall craft cannabis experience
  • The company is committed to the goal of creating a more sustainable environment, now and in the future
  • Prime Harvest is a proud member of the Community Alliance Program, a foundation that seeks to make a difference in local communities
  • The company’s leadership team boasts over 100 years of combined hands-on experience in cannabis genetics, cultivation, extraction, production, retail, marketing, regulation and consumer market development

Prime Harvest, based in San Diego, California, is a technology-focused, full-service cannabis company with horizontally diversified operations spanning various segments of the cannabis value chain, from licensing acquisition and compliance management to direct-to-consumer operations. The company is leveraging a long-term strategy of investing in the growth and scale of licensed assets anchored by the power of data-driven technology to expand its footprint throughout California.

Sustainability is key to Prime Harvest’s corporate vision. The company aims to ensure that the communities it serves capture their fair share of the fruits of the industry’s growth, including financial profit, employment opportunities, environmental enrichment and impactful innovation through R&D and education.

The company’s mission is to appeal to the ethos of the cannabis consumer by setting a new operational standard emphasizing accountability, sustainability and community. With this commitment, Prime Harvest continues to work toward positively affecting millions of lives through the creation of a world-class platform that caters to strengthening the commercial cannabis pipeline.

Jaxx Cannabis

Jaxx Cannabis is the flagship brand in Prime Harvest’s portfolio. Through Jaxx Cannabis, the company aims to use technology to facilitate a true customer-centric culture while enhancing the overall craft cannabis experience. Jaxx features an expertly curated selection of premium products from some of the most respected brands in the thriving California market.

Key values serving as the foundation of Jaxx Cannabis include:

  • Creating and nurturing a welcoming culture for all
  • Unlocking the true potential of customer value
  • Being innovative in uncovering new ways to grow both the company and the industry
  • Meeting the wants and needs of consumers to promote profitability
  • Remaining accountable for the results of its operations

It is these values that differentiate Prime Harvest and Jaxx Cannabis in the California cannabis sector.

Brand Partnerships

Prime Harvest works diligently to establish strong alliances with complementary brands that are in alignment with its culture and values. Through a combination of deliberate foresight and strategic action, the company seeks to grow existing cannabis brands and continuously discover new, high-potential performers that are primed for long-term success.

These partnerships enhance Prime Harvest’s efforts to transform the world’s cannabis access and bring its consumers high-quality products that are fair for both people and the planet.

Responsibility

Prime Harvest remains committed to the goal of creating a more sustainable environment, now and in the future. Concern for human beings and the environment can be observed in every facet of its operations, including its ongoing R&D activities dedicated to exploring methods of reducing and repurposing waste into composite materials and exploring the potential of the hemp plant for industrial and wellness contributions.

The company is a proud member of the Community Alliance Program, a foundation that seeks to make a difference in local communities by providing financial assistance for educational programs, housing homeless veterans, creating urban farms, and holding local arts initiatives for children and adults. The program also helps explore the natural healing attributes of medical cannabis through research, development, clinical trials, and advocating for the safe access of cannabis to those in need.

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.

Legal sales across the U.S. hit a record of $17.5 billion in 2020, marking an increase of 46% over 2019, according to Forbes. 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 26.7 percent from 2021 to 2028.

California – Prime Harvest’s home state – has consistently led the pack in terms of U.S. cannabis sales. The Motley Fool pegged cannabis spending in the Golden State at $3.8 billion in 2020, more than doubling the second state on its list.

Leadership Team

The 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 Social Club TV app, The Emerald Cup, High Times, Weedmaps and Synergy.

For more information, visit the company’s website at 

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

About CannabisNewsWire

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

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

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

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

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

CannabisNewsWire (CNW)
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CannabisNewsWire is part of the InvestorBrandNetwork.

Lexaria Bioscience Corp. (NASDAQ: LEXX) Provides Update on its Patented DehydraTECH(TM) Technology, Including the Approval of New Patent

  • Lexaria received its 25th patent – and the first patent for the use of DehydraTECH technology in the enhanced delivery of antiviral drugs
  • The company is seeking IND approval from the FDA and has commenced its human HYPER-H21-4 study for hypertension with DehydraTECH-CBD, with results expected in Q3 2022
  • Lexaria is also commencing its human oral nicotine study, NIC-H22-1 to compare Lexaria’s DehydraTECH-nicotine pouch performance to that of existing leading brands currently sold in the US such as ON! and Zyn

Lexaria Bioscience (NASDAQ: LEXX), a global innovator in drug delivery platforms, has announced some positive news that further promotes the company’s goal of creating innovative drug delivery alternatives with its proprietary patented DehydraTECH(TM) technology. Lexaria is making the delivery of drugs quicker, more efficient, and even tasting better.

The company was granted its 25th patent – the first received for the use of its DehydraTECH technology for the enhanced delivery of antiviral drugs. The official word was received from the United States Patent and Trademark Office that on April 26, 2022, patent 11,311,559 for Compositions and Methods For Enhanced Delivery of Antiviral Agents would be issued to Lexaria.

“This will be our 25th patent granted worldwide and another validation of the versatility of our DehydraTECH drug delivery technology. This new patent adds to our existing suite of granted patents in the EU, the U.S., India, Japan, and Australia, and continues to build value for Lexaria shareholders and clients,” CEO Chris Bunka explained (https://cnw.fm/PnkiP).

Lexaria is also working on various clinical trial studies, including the recently announced HYPER-H21-4 study. HYPER-H21-4 is a randomized, double-blinded, placebo-controlled, cross-over study in 60 people and also one of the most comprehensive studies taken on by the company. Outcomes for the new study are expected to be available in Q3 2022, and the research is a big step for the company seeking IND (investigational New Drug) approval from the FDA.

Moving forward with the HYPER-H21-4 study was motivated by positive findings in the company’s three other human hypertension clinical studies, which has further supported the pursuit of FDA approval. The studies conducted thus far with hypertension and DehydraTECH have yielded positive results in terms of safety and efficacy (https://cnw.fm/AU4pU) as well as reducing blood pressure (https://cnw.fm/02nuE) and arterial stiffness (https://cnw.fm/lq6wk). All of the past study participants have tolerated DehydraTECH-CBD well, with no adverse effects.

Additionally, Lexaria plans to move forward in dosing for their human NIC-H22-1 study this summer. The study is focused on the oral absorption of nicotine and the comparison will be made between the company’s DehydraTECH-nicotine pouch and other popular products on the market like Zyn and ON! The purpose of the study is to support a safe alternative to harmful pulmonary nicotine application processes.

The company’s DehydraTECH technology works to:

  • Speed up drug delivery
  • Increase bioavailability
  • Increase brain absorption
  • Improves drug potency
  • Reduce drug administration costs
  • Mask unwanted tastes

The company has been advancing its technology since 2016 to demonstrate that bio-absorption of drugs like cannabinoids or nicotine can be five to ten times more effective with a reduced onset time. Lexaria also plans to investigate other markets in 2022 (https://cnw.fm/rafiI).

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

About CannabisNewsWire

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

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

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

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

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

CannabisNewsWire (CNW)
Denver, Colorado
www.CannabisNewsWire.com
303.498.7722 Office
Editor@CannabisNewsWire.com

CannabisNewsWire is part of the InvestorBrandNetwork.

420 with CNW — Top Four American Cities for Marijuana Lovers in 2022

The rise of telecommuting has created opportunities to live anywhere people fancy, and many have taken on the nomadic lifestyle thanks to virtual work. Whether you would like to move to start a new job or just want to go to another place and start over after the pandemic, here are some cities that you can consider moving to if you would like a place to call home that welcomes marijuana lovers.

Ann Arbor, Michigan

If you are tired of the hustle and bustle of major metropolitan cities such as New York City and you would like a vibrant smaller city that has a great marijuana scene, Ann Arbor is the city for you. In the past, this city was famous for the many colleges it hosted, and those colleges gave it its upbeat vibe. Today in Ann Arbor, you can access all the conveniences available in major cities with the added bonus of an array of marijuana dispensaries to choose from.

Colorado Springs, Colorado

Talk about Colorado and many will immediately think of Denver. However, Colorado Springs is a great choice if you are a marijuana lover and are wanting to move to a new city. For starters, the cost of living in Colorado Springs is more pocket friendly when compared to cities such as Denver.

Secondly, the weather is more favorable throughout the year. You can therefore pair your love for marijuana with your love for the outdoors when you choose to live in Colorado Springs. Remember, Colorado was one of the first states to legalize marijuana, so it has a rich tradition of all things cannabis.

Portland, Oregon

If you are looking for a progressive city that has delicious food and a youthful feel as well as offering an active marijuana scene, Portland is the city for you. The hip culture of this city has marijuana written all over it, and the residents take creativity with cannabis to a whole new level. If you love marijuana, Portland may be the city for you.

San Francisco, California

If a high cost of living isn’t a deterrent, San Francisco is the place to be if you love marijuana. California made history by being the first to legalize medical cannabis, and full legalization didn’t take much longer to happen in the Golden State. San Francisco has the rich history of marijuana legalization in the state written all over it, and one perk you should take full advantage of is that Humboldt County, famous for the cultivation of some of the best marijuana you can find, is a short distance from the city.

There are many other great cities for cannabis lovers, and you can even grow your own plants using the technologies availed by companies such as Advanced Container Technologies Inc. (OTC: ACTX) when you live in state where home grows are permitted.

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

Do you have questions or are you interested in working with CNW420? Ask our Editor

CannabisNewsWire420
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http://www.CNW420.com
303.498.7722 Office
Editor@CannabisNewsWire.com

CNW420 is part of the InvestorBrandNetwork.

420 with CNW — New App Can Reveal Potential Interactions Between Medications, Cannabinoids

A newly developed application can enable pharmacists as well as other medical professionals to enhance patient safety. This can be achieved by using the app to predict how cannabinoids, such as those found in medical cannabis, may interact with any other medications that a patient is taking.

Researchers at Penn State University developed the app, called CANNabinoid Drug Interaction Review (CANN-DIR). The app works by evaluating how various cannabinoids, including THC and CBD, found in different over-the-counter or prescription medical cannabis products interact with the other medicines that a patient is taking. The app has a database containing the common drugs that people access in hospitals and pharmacies. A healthcare worker or other professional simply inputs the cannabis compounds found in a product and then selects from a list of drugs to see what form any drug-on-drug interactions could take place.

For example, one may find that certain cannabinoids may slow down or accelerate the metabolism of a given active ingredient in a prescription drug. In such a case, the healthcare provider would tweak the dosage of the said drug in order to meet the intended therapeutic goals while avoiding any adverse events resulting from the drug-on-drug interaction.

Kent Vrana, who led the research team behind this app, explains that it is crucial that people realize that CBD, THC and other cannabis compounds may affect the rate at which other drugs are broken down or metabolized in the body. He adds that by using the app, it is possible to have a meaningful conversation with a patient regarding possible interactions between a given combination of cannabinoids and the conventional drugs being used by the patient.

This app has the potential to provide a meaningful way in which cannabinoids can be used safely alongside other medications. It can also help to address the reasons why some professionals in the mainstream medical field are hesitant or opposed to medical marijuana and  CBD products that the public can readily access from retail stores, medical cannabis outlets or even the black market. This is because the app avails science-backed information to address the concerns of the healthcare professional.

The research team was composed of people from the university’s medical school and a team of computer science professionals at the same university. The first version of the app went live on March 22, 2022, and the team is now focused on making a second reiteration of the app, which they hope will rate higher in terms of its user friendliness for caregivers and patients themselves.

This app will hopefully give patients the reassurance they need that using cannabis products from licensed suppliers such as Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) can be safe and helpful if necessary precautions are taken, such as talking to one’s doctor beforehand.

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.

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

Do you have questions or are you interested in working with CNW420? Ask our Editor

CannabisNewsWire420
Denver, Colorado
http://www.CNW420.com
303.498.7722 Office
Editor@CannabisNewsWire.com

CNW420 is part of the InvestorBrandNetwork.

CannabisNewsBreaks – Sugarmade Inc. (SGMD) Shares Corporate Update through Shareholder Letter

Sugarmade (OTC: SGMD), an emerging leader in the licensed cannabis sector, has released a shareholder letter from CEO Jimmy Chan. In the letter, Chan noted short-term turbulence in the market but reaffirmed the company’s belief that the long-term outlook for the industry is bright, particularly for California producers and distributors. The letter notes that the company is eyeing strategic opportunities created by marketplace inefficiencies and uncertainties, including an uncertain regulatory environment, high taxes, unlicensed cultivators entering the market and a drop in prices of cultivated cannabis products. In the letter, Chan observed that Sugarmade believes these marketplace changes create an opportunity to “invoke a new short-term strategy while our long-term plans to cultivate at our new Lemon Glow facility are developing.” The company is moving forward on its Lemon Glow Company plans and is embarking on a strategy to enter into contract cultivation arrangements with local Lake County, California, cultivators that have decided not to engage in their own cultivation efforts this year. “We are in negotiations with several local permitted and licensed operators that are agreeable to a partnership arrangement with Sugarmade to manage operations for cannabis cultivation,” states Sugarmade CEO Jimmy Chan in the shareholder letter. “We are also in active negotiations on the distribution side of the business that will allow Sugarmade to bring this cultivated cannabis to the marketplace. Invoking this dynamic short-term strategy, while continuing to develop our longer-term strategy to fully develop the large Lemon Glow property for cultivation, will allow Sugarmade to significantly advance the timeframe for gaining market share in this industry — and we believe we will be able to do so based on a cost model that will allow us to produce strong margins this cultivation season.”

To view the full press release, visit https://cnw.fm/ORFj0

About Sugarmade Inc.

Sugarmade is a product and branding marketing company investing in operations and technologies with disruptive potential. The company’s portfolio includes CarryOutsupplies.com, SugarRush(TM), NUG Avenue, Lemon Glow and Budcars. For more information about the company, please visit www.Sugarmade.com.

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

About CannabisNewsWire

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

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Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) Strengthens Financial Profile with Debt Reduction, Adjustments to Revenue Strategy

  • Red White & Bloom Brands is a multi-state cannabis operator based in Canada and focused on developing revenue opportunities in strong U.S. cannabis markets such as Michigan, Florida and California
  • The company recently announced it has eliminated $115 million in debt liabilities as part of its efforts to streamline its financial operations during a period when many companies are struggling with the effects of the COVID pandemic
  • Red White & Bloom’s debt reduction includes cutting over $22 million in annual expenses
  • The company has solidified its foothold in Michigan with acquisitions that have allowed it to become vertically integrated and open new dispensaries and cultivation facilities

Multi-state cannabis operator Red White & Bloom Brands (CSE: RWB) (OTCQX: RWBYF) is making new strides in streamlining its operations as the company accelerates its push toward making its popular Platinum Vape-branded products some of the most recognizable premium cannabis products in the United States.

Red White & Bloom, or RWB, 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 April 20 that it has eliminated several million dollars’ worth of liabilities and annual expenses (https://cnw.fm/4X0Ot).

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.

Platinum Vape products not only include carefully crafted vape cartridges and disposable vape pens, but also gummies, chocolates and premium cannabis flower.

New data published on the Canadian Federation of Independent Business (“CFIB”)’s Small Business Recovery Dashboard is shining a light on the difficulties SBEs are facing in Canada in the wake of the COVID pandemic and the “staggering level of fresh COVID-related debt small firms have had to take on” as a result of the pandemic’s battering of economies worldwide.

“Two-thirds of small businesses (65%) have had to take on debt, at an average of $160,000, just to survive the past two-years,” CFIB president Dan Kelly stated in a news release about the survey results (https://cnw.fm/lYNWE). “For almost 900,000 business owners, up to $60,000 of this debt is in the form of a government-backed Canada Emergency Business Account loan. … The 2022 budget missed an opportunity to forgive a larger portion of these loans for the most deeply affected small businesses.”

Vancouver, British Columbia-based RWB’s April 20 announcement notes that the company expects 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.

As part of the restructuring, RWB pruned its Illinois property, exiting “the one state that had not contributed any revenue from THC operations to our results since our inception,” CEO Brad Rogers stated.

“We still believe that Illinois could be a great market for us, and will look to pursue it from an asset-light approach through licensing of our own brands,” Rogers added. “We will continue to look for opportunities to grow our revenue through a number of asset-light entries to other states, while focusing on getting to a positive adjusted EBITDA run-rate by the end of 2022.”

The company has also found ways to reduce its headcount as part of the effort, joining other SBEs in a revived trend to control their cash consumption and attract new capital through minimal staffing adjustments (https://cnw.fm/zbX8U). 

“We are very pleased with the significant balance sheet and operational improvements we have made in a relatively short period of time. Today’s announcement is the culmination of an in-depth review and rationalization of assets and operations,” Rogers stated.

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

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420 with CNW — New Jersey AG’s Memo Sparks Controversy Regarding Off-Duty Use of Marijuana by Police

The state of New Jersey recently launched its adult-use recreational marijuana market. While adult residents and visitors were thrilled to finally be able to buy cannabis legally, a memo written by the attorney general of the state regarding off-duty police officers’ use of marijuana sparked controversy.

In the memo, Mathew Platkin clarified that according to the existing marijuana laws in New Jersey, police officers shouldn’t be penalized in any way if they use cannabis during their off-duty hours. There was immediate pushback from different quarters once this memo went public. For example, the Democratic speaker of the state assembly, Craig Couglin, immediately said that a bill should be filed in his office in order to address off-duty cannabis use by police officers.

Similarly, the chair of the budget committee in the state senate indicated he would like to amend the state law so that it is in line with the laws in other states with regard to marijuana use by police officers while they aren’t on duty. The state governor, who has been a strong advocate of cannabis legalization, has also weighed in on this matter. Phil Murphy indicated that he was in favor of a possible change in marijuana policy so that law enforcement officers aren’t allowed to use marijuana during their private time away from work.

Several Republican state senators have also written a letter to the attorney general of the state saying that allowing police officers to consume marijuana during their time off the clock would be in violation of federal law.

Despite all this pushback, the acting attorney general of the state has stuck to his guns. He insists that he is bound to respect the existing laws and if there were provisions that different sections of society weren’t comfortable with, then the legislature should make the necessary changes to that law. He also warned that cities and police departments that were taking unilateral action to ban off-duty marijuana use by law enforcement were contravening state law and could open themselves to all manner of lawsuits with regard to employment rights.

The top prosecutor’s comments come after Jersey City, in defiance of state law, issued a directive banning off-duty marijuana use by law enforcement. The majors of Weehawken and Kearny also revealed that they would be taking steps to place bans on off-duty cannabis use by law enforcement.

It remains to be seen how the issue of off-duty cannabis use will eventually be resolved after the launch of recreational marijuana sales. Plenty of interest from the entire cannabis industry, including companies operating in the space, such as Flora Growth Corp. (NASDAQ: FLGC), may be directed toward how the off-duty use issue is handled as New Jersey joins the ranks of other states with legal marijuana markets.

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.

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