CannabisNewsBreaks – Flora Growth Corp. (NASDAQ: FLGC) Closes Investment in Hoshi, Strengthens Gateway to European Market

Flora Growth Corp. (NASDAQ: FLGC), a leading all-outdoor cultivator and manufacturer of global cannabis products and brands, has closed the previously announced € 2M (two-million Euros) investment in Hoshi International Inc., while also increasing its fully diluted ownership in Hoshi through a securities swap. In addition, the companies have agreed to strengthen the terms of Flora Growth’s investment in Hoshi pursuant to a binding memorandum of agreement. “The Hoshi team has developed a strong presence in Europe, and our high-quality, low-cost, medical-grade cannabis products and well-known global brands give both our companies a competitive advantage in one of the fastest growing cannabis markets in the world. We are excited to increase our alignment with the Hoshi management team and believe the partnership will be much greater in scope than only using their Portugal and Malta facilities as a European importation gateway for our Colombian cannabis flower and derivatives,” said Luis Merchan, president and CEO of Flora. “Regulatory barriers and the technical requirements necessary to successfully navigate the European cannabis market should not be underestimated. We feel extremely pleased with the experience and expertise that the Hoshi team brings in order for us to quickly get our products to market. With the recent rule changes in Colombia allowing the export of THC and CBD flower, we are looking forward to bringing our premium Colombian flower and derivative products to established markets where there is already significant demand, growth, and the opportunity to generate recurring high-margin sales.”

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

About Flora Growth Corp.

Flora is a cannabis company that leverages natural, cost-effective cultivation practices to supply cannabis derivatives to its diverse business divisions of cosmetics, hemp textiles, and food and beverage. As the operator of one of the largest outdoor cultivation facilities, Flora strives to market a higher-quality premium product at below-market prices. By prioritizing natural ingredients and value-chain sustainability across its portfolio, Flora creates premium products that help consumers restore and thrive. Visit www.FloraGrowth.ca or follow @floragrowthcorp on social 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.

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CannabisNewsBreaks – Golden Triangle Ventures Inc. (GTVH) President Featured Guest on “Electric Soil Podcast” Interview

InvestorBrandNetwork (“IBN”), a multifaceted financial news and publishing company for private and public entities, announced that Golden Triangle Ventures (OTC: GTVH) president Steffan Dalsgaard was a featured guest on the “Electric Soil Podcast.” Hosted by musician and podcasting veteran Matt Gardiner, the podcast focused on being a creativity-focused forum. In his interview, Dalsgaard explained his process for identifying people and companies to work with Golden Triangle as well as his approach toward mitigating risk. He also talked about Golden Triangle’s recent momentum and plans for the rest of 2021 and beyond. “In 2017, we did our first concert,” said Golden Triangle Ventures president Steffan Dalsgaard in the podcast. “Entertainment has been my real passion. The first show had like 200 to 300 people show up, but I knew it was going to be a win because the show was epic. Everyone who came couldn’t wait to see the next one. . . . Since then, we’ve done, I believe, 13 or 14 shows. One of the last ones that happened before COVID nearly sold out a full-blown hockey arena — 3,000 people. . . . We’re now working toward expanding on our concert production business in a big way. We’re working on a live streaming setup so we can start doing live concerts. We’ve got a record label. We’ve got a virtual reality platform, so now we can start monetizing our shows to the world with virtual reality. You can join an animated world and dance with all of your friends from anywhere in the world, so it’s pretty cool! . . . [Lavish Entertainment] is my baby; that’s the one I formed from scratch and that me and my boys are really building on my side of the scene. Then again, we have Sonder Fulfillment; we have Napa Wine Brands; we have HyFrontier Technologies; and we have Global Health Services. So we have five businesses inside. They’re all doing different things. My baby is Lavish, but the other ones are equally significant, if not much bigger.”

To view the full podcast, visit https://cnw.fm/Jc1bk

To view the full press release, visit https://cnw.fm/t4jX0

About Golden Triangle Ventures Inc.

Golden Triangle Ventures is a multifaceted consulting company pursuing ventures in the health, entertainment and technology industries, with many additional projects being developed that provide synergistic values to these divisions. The company aims to purchase, acquire and/or joint venture with established entities that management can help assist and develop into unique opportunities. Additionally, GTV provides a professional corporate representation service to different companies in these sectors while consulting on a variety of business development objectives. The goods and services represented are driven by innovators who have passion and commitment to these marketplaces. The company plans to utilize relationships and create a platform for new and existing businesses to strengthen their products and/or services. The three points of the Golden Triangle exclusively represent these three sectors in which the company aims to do business in. For more information about the company, please visit www.GoldenTriangleInc.com

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

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CannabisNewsBreaks – The Alkaline Water Company Inc. (NASDAQ: WTER) (CSE: WTER) Continues Strong Growth Streak

The Alkaline Water Company (NASDAQ: WTER) (CSE: WTER) reported another record year when it announced fiscal 2021 results. “The company’s FY 2021 numbers show record revenue of $46 million, a 20% year-over-year increase for the country’s largest independent alkaline water company,” reads a recent article. WTER president and CEO Richard A. Wright noted that the results marked a continuation of “our streak of never having a down or flat year,” further stating that the company’s employees and business partners rose to the occasion throughout last year. The company has seen significant sales into fiscal 2022. In addition to financial highlights, the FY 2021 report noted key operational milestones, including the fact that the company’s flagship product, Alkaline88(R), is now available in more than 75,000 stores, significant expansion efforts and new export certificates from the FDA. “The trust and appreciation we earned from our strong performance throughout the pandemic allowed us to continue to see more organic and new-store growth, and an expanding presence in more key channels,” Wright continued. “Our guidance for the full fiscal year 2022 is $62 million, which would represent year-over-year growth of 35%.”

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

About The Alkaline Water Company

Founded in 2012, The Alkaline Water Company is headquartered in Scottsdale, Arizona. Its flagship product, Alkaline88(R), is a leading premier alkaline water brand available in bulk and single-serve sizes along with eco-friendly aluminum packaging options. With its innovative, state-of-the-art proprietary electrolysis process, Alkaline88 delivers perfect 8.8 pH-balanced alkaline drinking water with trace minerals and electrolytes and boasts its trademarked label: Clean Beverage. Quickly being recognized as a growing lifestyle brand, Alkaline88 launched A88 Infused(TM) in 2019 to meet consumer demand for flavor-infused products. A88 Infused flavored water is available in six unique, all-natural flavors with new flavors coming soon. In 2021, The Alkaline Water Company was pleased to welcome Shaquille O’Neal to its board of advisors and to serve as the celebrity brand ambassador for the Alklaine88 and A88 Infused brands. To purchase Alkaline88 and A88 Flavor Infused products online, visit www.Alkaline88.com. To learn more about the company, visit www.TheAlkalineWaterCo.com.

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

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420 with CNW — Nevada Judge Overturns Las Vegas PD Marijuana Ban

Employees may have finally seen a reprieve in the battle between federal and state cannabis law after a Nevada judge overturned a Las Vegas Police Department ban on marijuana consumption among its staff. Although more than two dozen states have passed either medical or recreational cannabis legislation, federal law still classifies it as a Schedule I drug. That may change in the near future. Meanwhile, employees living in legal cannabis markets often find themselves penalized by their bosses for consuming cannabis during personal hours.

According to a ruling by a Las Vegas district judge, a former LVPD officer should not have faced the threat of losing his job after he failed a THC test. Former officer Stuart Bowman resigned in lieu of being fired after off-duty cannabis use led to a failed drug test. He then sued the LAPD arguing that he shouldn’t be penalized for indulging in state-legal activities during his private time, and that the LVPD’s zero-tolerance policy for cannabis is untenable. Judge Kathleen Delaney agreed, ruling that the police department’s zero-tolerance cannabis policy was indeed untenable.

Since state law prohibits discriminating against staff who engage in state-legal cannabis use during their non-working hours, she said the department’s penalties against the former officer were against the law. As such, she instructed the LVPD to grant him back pay, cover his legal fees and put him back on the force.

However, the police department’s lawyers argued that the department had the right to terminate Bowman, citing a separate statute that says that public and private employers can prohibit the use of both legal and illicit drugs via workplace policies. Additionally, they mentioned a case in Colorado that saw the court uphold the decision to fire an employee for using cannabis off-site.

But according to Bowman’s attorneys, the Colorado statute’s vague definition of lawful allowed employers to adhere to federal law, which outlaws cannabis, over state law and terminate employees who indulge in state-sanctioned cannabis, even during their personal time. Nevada’s statute, on the other hand, specifically says that employers cannot discriminate against staff who take part in activities allowed by state law. Now that Judge Delaney sided with former officer Bowman, his attorney Adam Levine says the written motion may take a week to prepare.

Still, Levine advises police officers who want to consume cannabis to exercise restraint. While the LVPD will likely agree to issue Bowman’s back pay, it will most likely appeal against reinstating him. The Las Vegas Police Department did not respond to requests for a comment on the case when contacted by local media outlets.

The ruling made by the judge in Nevada can have beneficial ramifications inasmuch as patients who can be helped by using medical marijuana will not fear to take this option alongside high-tech devices such as the Smart Patch made by RYAH Group Inc. (CSE: RYAH), which is intended to deliver plant medicine to a particular site, such as a painful joint.

NOTE TO INVESTORS: The latest news and updates relating to RYAH Group Inc. (CSE: RYAH) are available in the company’s newsroom at https://cnw.fm/RYAH

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 — A Comparison Between Cannabis Edibles and Infused Drinks

Over the last decade, marijuana-infused drinks have improved greatly in both consistency and flavor. As more states across the country legalize marijuana for recreational and/or medicinal use, the use of cannabis products such as marijuana edibles and marijuana-infused drinks grows.

The search for alternatives to alcohol and alcoholic beverages has also boosted the consumption of these drinks. An report by BDS Analytics has found that roughly 20% of marijuana consumers are now consuming marijuana beverages in legal markets for various reasons, whether it’s to have fun, feel peaceful or relax.

So, how are these beverages made?

CBD and THC are the two most popular cannabinoids; they are both found in the marijuana plant. These compounds aren’t easily mixed with water and are fat soluble. THC is alcohol soluble but cannot be combined with alcohol since it is illegal to combine marijuana and alcohol.

To create a wholly consistent product that contains the same dose of marijuana in each sip, cannabis firms use nano-emulsification. The process involves breaking down cannabis oil into minute particles that are mixed with an emulsifier, which helps the oil to dissolve in the water-based drink.

How do marijuana-infused beverages compare to edibles?

First, they afford some flexibility. These drinks can be consumed in different ways, depending on an individual’s preference. For instance, they can be added to a baking or cooking recipe, mixed with other beverages or just taken with ice.

They are also good for beginners. The quick uptake of cannabis-infused drinks decreases the chances of the user getting too high by consuming too much, which is better than trying an edible, as the dosing isn’t known or exact.

They are easily enjoyable. Sometimes an edible may result in a bad outcome, which may leave the user feeling groggy or sick in the hours that follow. However, you can enjoy your cannabis-infused drink without having to worry about a hangover, seeing as it is nonalcoholic and has no severe side-effects.

Beverages can be consumed socially. Unlike vaping or smoking a joint, you don’t need to excuse yourself in order to enjoy your marijuana-infused drink. With cannabis-infused beverages, you can carry on drinking while keeping your conversation going and interacting with people.

In addition, the beverages have a quicker uptake. Edibles such as cannabis chocolate, gummies and baked goods need to be digested for absorption to start, which means it takes about four hours for an individual to feel its effect. On the other hand, you will feel the herb’s effects about half an hour after you consume a cannabis-infused beverage.

The great strides made in infusion technology have allowed companies such as BevCanna Enterprises Inc. (CSE: BEV) (OTCQB: BVNNF) (FSE: 7BC) to offer an array of infused drinks that suit the needs of different consumer segments.

NOTE TO INVESTORS: The latest news and updates relating to BevCanna Enterprises Inc. (CSE: BEV) (OTCQB: BVNNF) (FSE: 7BC) are available in the company’s newsroom at http://cnw.fm/BVNNF

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CannabisNewsBreaks – Why Flora Growth Corp. (NASDAQ: FLGC) Is ‘One to Watch’

Flora Growth Corp. (NASDAQ: FLGC), an internationally focused cannabis brand builder, boasts a portfolio that spans several verticals, including pharmaceuticals, textiles, cosmetics, and food and beverage — each with a thoughtful brand designed to resonate with its intended end customer. From Flora Lab SAS and Flora Beauty to KASA Wholefoods and Hemp Textiles & Co., each of its brands prioritizes natural ingredients and value-chain sustainability, consistent with its mission. Though the company is currently organically growing market share for its existing brand portfolio, it is also seeking revenue-generating acquisitions that offer an accretive distribution network to amplify growth. As such, a recent article reads, “Flora Growth is targeting transactions to complete the supply chain via key infrastructure to enhance its global distribution with the aim to compete on low-cost, high-quality inputs paired with premium brands that create business lines with robust margins.” To date, Flora has announced two major transactions: the acquisition of Koch & Gsell and investment in Hoshi International. “Key to Flora Growth’s expansion efforts is its cultivation strategy. The company’s Cosechemos farm, located in Bucaramanga, Columbia, is currently licensed to cultivate 247 acres of cannabis. Flora Growth is uniquely positioned to capitalize on Columbia’s favorable growing conditions, low-cost infrastructure, and affordable local workforce as it looks to ramp up its cultivation efforts moving forward.”

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

About Flora Growth Corp.

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

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420 with CNW — Cannabis Use Lower Among Cancer Survivors Compared to the General Public

Marijuana’s decades-old reputation as a hard drug with high potential for addiction and no medical applications has taken a hit over the past decade. With more than 30 states legalizing medical cannabis, the controversial drug is now being used to help alleviate a wide variety of medical conditions. As the public becomes warier of opioids, plenty of patients have begun using cannabis to alleviate cancer and chemotherapy-related symptoms, including pain, nausea and insomnia.

However, recently unveiled research has shown that despite the rise in the number of people using cannabis to treat various medical issues, especially as the plans sees increased legalization, patients suffering from cancer have consumed cannabis less often than the general public. After analyzing data that was collected from 20,000 participants via a nationally representative longitudinal survey over six years, researchers from the Virginia Commonwealth University Massey Cancer Center published their findings in the journal “Cancer.” Within the past year, only 8% of cancer survivors had consumed cannabis compared to 15% who had no have a history of cancer.

Bernard F. Fuemmeler, PhD, a professor in the department of health and behavior policy at Virginia Commonwealth University School of Medicine, says that given the increased social acceptance of cannabis, the researchers were curious to see how many individuals with a history of cancer used cannabis. There were only two major national studies regarding this subject before the Virginia Commonwealth University study, he says, and they had wildly different results. One study suggested that 38% of patients with a history of cancer had consumed cannabis while the other found that 9% to 10% had consumed cannabis within the past 30 days. Fuemmeler, who is the associate director for population science and program co-leader in cancer prevention and control at Massey Cancer Center, says the results of their study corroborated the lower estimate.

The data he and his colleagues studied was part of the Population Assessment of Tobacco and Health (“PATH”), collected in four annual waves from 2013 to 2018. The study was a collaboration between NIH and FDA that followed marijuana and tobacco smoking behaviors in a sample of the American population. The final sample of participants contained 20,724 individuals with 78% of them being white, 52% were women, while 59% had some college education. Analysis of the data collected between 2013 and 2018 showed that patients suffering from cancer reported much less marijuana consumption compared to people who never had cancer.

Specifically, around 3.8% of cancer survivors consumed cannabis compared to 6.5% of participants who had no history of cancer; older individuals with health insurance were even less likely to consume cannabis. Furthermore, greater pain levels were associated with a higher likelihood of cannabis consumption for both cancer survivors and those without a history of cancer.

These findings offer some food for thought for companies that manufacture cannabis products for medical and recreational, such as Simply Sonoma Inc.

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

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420 with CNW — Cannabis Pipe Makers Gain Recognition As Cannabis Legalization Wave Spreads

In 2003, the U.S. Department of Justice put into motion Operation Pipe Dreams, which led to hundreds of businesses and homes being raided. The $12 million operation, which involved 2,000 law enforcement officers, targeted sellers and makers of cannabis pipes. At the time, selling and making cannabis pipes was a crime, with DEA’s acting administrator John Brown noting that individuals who sold drug paraphernalia were akin to drug dealers.

The possession and use of marijuana was made illegal under federal law through the Controlled Substances Act 1970. Under the act, marijuana is classified as a Schedule I substance, together with ecstasy, LSD and heroin.

Today recreational cannabis is legal in the District of Columbia and in 18 states, including Alaska, Arizona, California, Colorado, Illinois and New York. Additionally, 27 states have decriminalized marijuana, which makes the consumption of small amounts of the plant a local or civil infringement rather than a crime that may result in jail time.

National cannabis sales are expected to reach $24 billion in 2021, despite the plant being illegal on a federal scale. States such as Connecticut, Maine and Massachusetts have legalized the recreational use and sale of cannabis, with Rhode Island set to in the near future.

Unlike in the past, the use of pipes in connection with marijuana use has grown, which has brought recognition to the cannabis art scene. A good example of this would be Tito Bern who has been selling his work for almost two decades. Bern is the co-founder of the Bern Gallery, which is an award-winning glass and smoke shop. In addition, ceramists such as Jess Baer, who has a studio in Massachusetts, began to sell ceramic hand-glazed pipes in 2018, after the state legalized the recreational use of marijuana in 2016.

However, the artisan glassmaking market still faces some challenges, with the biggest one being the use of cannabis vape pens. Vape pens have increased the demand for oil cartridges and reduced that of cannabis flower, which has decreased the demand for glass pipes. Additionally, the mass production of these pipes in countries such as China has slightly impacted the demand for locally made pipes, as the former are more affordable and can be found virtually anywhere.

However, the difference in price hasn’t greatly affected demand for glass pipes, seeing as most American artisans create unique pieces that require a lot of skill and are often viewed as collectibles.

It is great to observe that cannabis legalization has not only allowed companies such as Hero Technologies Inc. (OTC: HENC) to thrive, but other related industries such as cannabis pipe making have also revived around the country.

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

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CannabisNewsBreaks – Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) Announces Progress That Tells of the Dawn of Exciting Times

Red White & Bloom Brands’ (CSE: RWB) (OTCQX: RWBYF) CEO Brad Rogers, in a statement contained in the company’s investor deck presentation, observed that multiple deals, “judiciously purchased and diligently structured,” were coming together to create “the most exciting times in the history of the company.” Rogers further noted that the company was focused on building its key assets and growing the bottom line for its shareholders. “Red White & Bloom recently made two announcements that show its progress thus far and perhaps tell of the dawn of the exciting times. On July 22, the company announced its Q4 2020 and full-year results,” reads a recent article that indicates RWB reported a 158% quarter-over-quarter increase in revenue from CA$6.1 million in Q3 2020 to CA$15.7 million in Q4 2020. In addition, the article indicates that RWB’s revenue for the year ended Dec. 31, 2020, grew to CA$23.3 million from nil in 2019, while its gross profit for the FY 2020 was CA$13.35 million, or 57% of the FY revenue, compared to nil in 2019. The piece quotes Rogers on the company’s continued momentum, who said, “This was another great quarter for the company as we continued to see strong traction for our brands. We are building on that momentum and working towards finalizing our revised asset purchase of our Michigan investee to bring their revenue, as well as adjusted sales into IFRS revenue format before the end of this current quarter.”

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

About Red White & Bloom Brands Inc.

The company is positioning itself to be one of the top three multistate cannabis operators active in the U.S. legal cannabis and hemp sector. RWB is predominantly focusing its investments on the major U.S. markets, including Michigan, Illinois, Florida, Oklahoma, Arizona, and California 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.

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CannabisNewsBreaks – Golden Triangle Ventures Inc. (GTVH) Issues Corporate Update

Golden Triangle Ventures (OTC: GTVH) (“GTV”), a multifaceted consulting company pursuing ventures across health, entertainment and technology industries, today announced the latest updates and news surrounding its current business activities and anticipated milestones within each division. Among the highlights, the company reported that management of its wholly owned subsidiary Global Health Services Inc. is diligently working towards the completion of acquiring Le Pragma, a forward-thinking CBD health, wellness and beauty product line dedicated to providing a daily regime to enhance an active lifestyle. In addition, the company reported on its other wholly owned subsidiaries, including Lavish Entertainment Inc., which has a mission to create immersive experiences with state-of-the-art production. The company’s HyFrontier Technologies Inc. subsidiary will be providing its Hydrogen Water technology, HyGrO Single and Dual Core units for multiple trials to determine its “go-to-market” strategy with indoor and outdoor professional farming operations around the country during the balance of 2021. Management of its Sonder Fulfillment LLC subsidiary will be sharing further information on completed transactions, which will include revenue generated and projected financial forecasts for the road ahead. Further, GTVH’s Napa Wine Brands Inc. subsidiary is the mother company to several up-and-coming brands of unique wine and food products that are in development for expanded distribution networks within the many outlets that have recently shown great interest in the company.

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

About Golden Triangle Ventures Inc.

Golden Triangle Ventures is a multifaceted consulting company pursuing ventures in the health, entertainment and technology industries, with many additional projects being developed that provide synergistic values to these divisions. The company aims to purchase, acquire and/or joint venture with established entities that management can help assist and develop into unique opportunities. Additionally, GTVH provides a professional corporate representation service to different companies in these sectors while consulting on a variety of business development objectives. The goods and services represented are driven by innovators who have passion and commitment to these marketplaces. The company plans to utilize relationships and create a platform for new and existing businesses to strengthen their products and/or services. The three points of the Golden Triangle exclusively represent these three sectors in which the company aims to do business. For more information, visit the company’s website at www.GoldenTriangleInc.com.

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