CannabisNewsBreaks – The Alkaline Water Company Inc. (NASDAQ: WTER) (CSE: WTER) Announces FY 2021 Financial Record, Closing of Private Placement

The Alkaline Water Company (NASDAQ: WTER) (CSE: WTER), a producer of premium bottled alkaline water, flavor-infused waters and CBD-infused products sold under the brand names Alkaline88(R), A88 Infused(TM) and A88CBD(TM), saw record revenue in fiscal year 2021. In its FY2021 financial report, which includes numbers for the full fiscal year ending March 31, 2021, the company reported revenue of $46 million, which represents a 20% growth over fiscal year 2020. In addition to record revenue, the company reported CAGR of 52% since fiscal 2015; cost of goods sold reaching approximately $29.6 million; and gross profit showing a 25% increase over FY2020, totaling an estimated $16.4 million. Company highlights in the report included Alkaline88 water now being sold in more than 75,000 stores across the country; direct store delivery partnerships with Mahaska, Nevada Beverage Company and Hensley Beverage Company, which serve a combined 16,000 clients in five states; and expansion into the multibillion-dollar hospitality and food-service channel. Company president and CEO Richard A. Wright and chief financial officers David Guarino hosted a live conference call to discuss the report on July 6, 2021, at 8:30 a.m. A replay of the call will be available for one week, starting on July 7, 2021. Interesting individuals can access the replay by calling 877-660-6853 in the United States or Canada; international callers can dial 201-612-7415. “Fiscal 2021 was another record year for The Alkaline Water Company continuing our streak of never having a down or a flat year,” said The Alkaline Water Company president and CEO Richard A. Wright in the press release. “Our employees and business partners rose to the occasion throughout last year, and we have seen significant sales acceleration into fiscal 2022. We delivered to our customers and consumers when they needed us most. 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. Our guidance for the full fiscal year 2022 is $62 million, which would represent year-over-year growth of 35%.”

In addition, WTER announced that it had closed a nonbrokered private placement. The placement, comprised of 4,757,381 subscription receipts, priced at $1.05 per share, resulted in $4,995,250.05 in gross proceeds for The Alkaline Water Company. The company noted that it intends to use the proceeds for general working capital and expanding production capacity. Involved in the private placement were WTER chair Aaron Keay and Shaquille O’Neal, former NBA superstar and now well-known sport and business figure; both Keay and O’Neal invested $1,050,000, representing more than 40% of the entire financing. “Alkaline88 continues to be one of the most prominent growing premium functional waters in the category,” said The Alkaline Water Company chair Aaron Keay. “Having just reported another record year, the company could not be better positioned for aggressive growth throughout fiscal 2022 in multiple different sales channels. Leading this financing alongside Shaquille is not only an honor but an aligned testament to both our beliefs that Alkaline88 is becoming a household name for premium waters and a go-to brand across America.”

To view the full press releases, visit https://cnw.fm/4TsL1, https://cnw.fm/Sdalo and https://cnw.fm/y2e7Y.

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(R) delivers perfect 8.8 pH balanced alkaline drinking water with trace minerals and electrolytes and boasts the company’s trademarked Clean Beverage label. 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(TM) flavored water is available in six unique all-natural flavors, with new flavors coming soon. Additionally, in 2020, the company launched A88 Infused Beverage Division Inc., which includes the company’s CBD water and flavor-infused water. For the company’s topical and ingestible offerings, A88 Infused Products includes the company’s lab-tested, hemp-extract salves, balms, lotions, essential oils, bath salts, powder packs, oil tinctures, capsules and gummies. To learn more about the company, please visit www.A88CBD.com and 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

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 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.

CannabisNewsBreaks – Grapefruit USA Inc. (GPFT) Announces Strategic Deal, Start of Trend to Grow Hourglass(TM) Brand

Grapefruit USA (OTCQB: GPFT), a premiere California-based cannabis and hemp company, today announced that Captor Capital Corp.’s (CSE: CPTR) (Frankfurt: NMVA) (Stuttgart: NMVA) retail dispensaries will all feature GPFT’s Hourglass(TM) Time Release THC+CBD Delivery Topical Relief Cream commencing this week. Captor, a vertically integrated cannabis company that cultivates, manufactures and distributes recreational and medical marijuana-based products, owns eight retail cannabis dispensaries from Santa Barbara County to Santa Cruz County, California. “Over the last 15 months, Grapefruit has been hampered from effectively distributing our Hourglass topical relief cream to new retail cannabis outlets due to the COVID-19 lockdown. Now that the lockdown is over, GPFT is able to effectively distribute Hourglass products throughout California,” said Bradley J. Yourist, Grapefruit’s CEO and co-founder. “Grapefruit is confident that as we educate licensed cannabis retailers about the many benefits of the Hourglass time-release delivery system, we will be able to distribute cannabis products based on the Hourglass delivery system to the many hundreds of retail cannabis stores throughout California over the coming quarters. We believe the Captor deal is only the start of a trend that will allow Grapefruit to quickly grow Hourglass brand awareness and Grapefruit revenues. We know the patented Hourglass time-release topical delivery system not only works effectively but is the most effective in the world. We are excited to accelerate the rate at which we deliver the Hourglass technology to our customers that have demonstrated a pressing need for it!”

To view the full press release, visit https://cnw.fm/CU0s9

About Grapefruit USA Inc.

Grapefruit’s corporate headquarters is in Westwood, Los Angeles, California. Grapefruit holds California permits and licenses to both manufacture and distribute cannabis products in the Golden State. Grapefruit’s extraction laboratory and manufacturing and distribution facilities are located in the industry-recognized Coachillin’ Industrial Cultivation and Ancillary Canna-Business Park in Desert Hot Springs, located on the extension of North Canyon Road, approximately 14 miles north of downtown Palm Springs. For more information about the company, visit www.GrapefruitBlvd.com.

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

About CannabisNewsWire

To receive SMS text alerts from CannabisNewsWire, 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 — Stuff You Should Know About Legal Cannabis in Michigan

In 2018, the state of Michigan became the first state in the Midwest to legalize recreational cannabis. The legislation, which went into effect in December of the same year, is known as the Michigan Regulation and Taxation of Marijuana Act.

This move came a decade after voters in the state approved the Michigan Medical Marijuana Program. The program, which operates as a division in the state’s cannabis regulatory agency, is governed by different legislation and is detached from the agency’s medical and adult-use cannabis licensing division.

While this isn’t a prescription, the law requires that only a physician of osteopathic medicine and surgery or a medical doctor who has a current practice license in the state can sign the physician certification for a patient to qualify for the program. Additionally, the law governing the state’s medical cannabis program lists medical conditions that are eligible for the use of medical cannabis. The National Academy of Sciences’ Institute of Medicine has found that the plant is beneficial in treating and reducing nausea and pain as well as other symptoms linked to various debilitating medical conditions.

The main differences between recreational and medical marijuana can be observed in the amount and taxes paid, as taxes for recreational cannabis are higher. Either way, if users are planning to or are using either recreational or medical cannabis, there are a few things to keep in mind with regard to state law.

The law states that individuals aged 21 and above are allowed to process, store and possess no more than 10 ounces of cannabis and should not grow more than 12 cannabis plants for personal use. This is in addition to stipulating that individuals aged 21 and above are allowed to process, transport, purchase, consume, use and/or possess no more than 15 grams of cannabis concentrate and 2.5 cannabis flower ounces.

Additionally, drivers are not allowed to have more than 15 grams of cannabis concentrate or 2.5 cannabis ounces on their person. Drivers are also not allowed to consume cannabis while operating any motor vehicle and are also barred, along with their passengers, from smoking cannabis in the passenger area of a vehicle. In addition to this, passengers and drivers cannot transport cannabis into Canada.

The penalties for operating under the influence of cannabis are similar to those of operating under the influence of alcohol. Penalties include six points on an individual’s driving record, a license suspension, a $500 fine and three months in jail, among others.

It appears that the regulations established in Michigan aren’t such a big hindrance to the sector. This is because many companies, including Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF), have established themselves in this market and are thriving.

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.

420 with CNW — UN Calls for Worldwide Ban on Cannabis Advertising

Every year, the United Nations’ (“UN”) drug division releases a drug report, offering policy recommendations regarding drug and drug use for its member nations. The 2021 World Drug Report, released by the UN Office on Drugs and Crime (“UNODC”), has urged a global ban on cannabis advertising, promoting and sponsoring. According to the report, as more territories have legalized marijuana and THC potency has continually increased, the perception of the drug’s risks has reduced, especially among the youth.

A comprehensive ban on all forms of marijuana advertising is in the best interest of public health, the report states, and a ban would ensure that business interests follow guidelines to protect public health interests. Although such a proclamation would seem like a major blow to the young but swiftly growing cannabis industry, pundits say it is tacit recognition of the inevitability of legal cannabis by the prohibitionist body. Before the 2021 report, the UN Office on Drugs and Crime’s standard policy on cannabis was that it should be prohibited, not regulated.

By giving its member nations tips on how to regulate the industry, which is one of the fastest-growing sectors in America, the UN is unofficially recognizing the popularity of cannabis reform and preparing for a future where legal cannabis markets will be the norm rather than the exception. As such, some players in the cannabis market feel that the UN’s recommendation to ban cannabis advertising is a positive development. According to UNODC, this ban would have to apply across “all jurisdictions,” and member nations would need to invest more in cannabis research.

Specifically, these funds would be used to research the negative effects of recreational cannabis use as well as the various medical conditions that are said to be treatable by cannabis. However, since the UN doesn’t have the authority to enforce a ban on cannabis advertising, the report’s recommendation is one that member nations are free to take up or ignore. The report compares such a ban to the provisions placed on tobacco by the WHO Framework Convention on Tobacco Control.

Steve Rolies, a senior policy analyst at Transforma Drug Policy Foundation, says the UN’s recommendation is an acknowledgement of the fact that cannabis legalization is inevitable. Comparing it to the ban on tobacco advertising shows that, although the division may not approve of the industry, it has accepted that there is no stopping the forward momentum and has decided to protect vulnerable individuals, especially the youth, from cannabis promotion.

Cannabis sector players from different jurisdictions, including Pac Roots Cannabis Corp. (CSE: PACR) (OTCQB: PACRF) (FSE: 4XM), are already operating under tight regulatory frameworks.

NOTE TO INVESTORS: The latest news and updates relating to Pac Roots Cannabis Corp. (CSE: PACR) (OTCQB: PACRF) (FSE: 4XM) are available in the company’s newsroom at http://cnw.fm/PACR

About CNW420

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.

Chalice Farms to Celebrate Cannabis Industry Holiday, National Oil Day, With Discounts on Concentrates, Dab Bus Pop-Up Experience and Collaboration with Local Artist

Tweet it: Enjoy discounts @ChaliceFarms this #710 on ALL dabs and toke up on the Dab Bus! #NationalDabDay #NationalOilDay #Oregon #Cannabis

PORTLAND –Chalice Farms will celebrate cannabis industry holiday, National Oil Day, with specials on cannabis concentrates, a collaboration with local artist, Damien Gilley, and a pop-up dab bus experience on Saturday, July 10.

In honor of National Oil Day on Saturday, 7/10, which spells “OIL” upside-down, Chalice Farms will offer 30% off all dab products, 20% off all cartridges and discounts on products from Elysium Fields, Bobsled and White Label extracts from Friday, July 9 through Sunday, July 11. Chalice Farms will partner with local optical illusionist artist, Gilley, for an exclusive design across all Chalice Farms locations.

Chalice Farms will also host a dab bus pop-up experience from noon to 7 p.m. on Saturday, July 10, at 823 SW Naito Parkway in Portland and at its sister location, Homegrown, at 2820 Liberty St. NE in Salem, Ore. Customers will be invited to climb aboard and legally consume cannabis purchased from the dispensary with dab rigs and cannabis hardware available for use.

The popular dispensary commissioned local artist, Gilley, to create digital art files exclusive to Chalice Farms to be displayed at all locations starting in July, bringing vibrancy to the street art with a large exterior installation at its downtown Portland location. The art will be displayed at all of Chalice Farms’ locations through window vinyls and displays, and the company will offer a limited-edition capsule collection of merchandise that highlights Gilley’s art including t-shirts and water bottles. Gilley is a local multi-disciplinary artist, educator and art director. His work spans the range of architectural interventions, stage sets, installations, activations, large scale wall works and art exhibitions.

“We’re always looking for ways to support local artists here in Oregon,” said Jeff Yapp, CEO of Chalice Brands, which operates Chalice Farms. “7/10 is a celebratory industry holidays that brings people together similarly to 4/20, and we’re excited to be able to bring this innovative, on-site dab bus experience directly to our customers.”

Popular concentrate options at Chalice Farms include:

Mana Extracts, derived from hand-selected quality flower, with strains including kosher kush, lucid miracle, alien cookies and more.
Beehive extracts, strain-specific, including bermuda sunset, pineapple cookies, rocket fuel, sour silver, and golden ozberry.
Echo Electuary live budder, an extract with high terpene expression and retention with strains including black dog, blueberry muffins, elephant ears, orange fire, redneck wedding and more.
Bobsled extracts utilizes flower from its North Portland farm, flash frozen at harvest at -110 degrees Fahrenheit and immediately processed to maintain robust terpene profile with strains including AC/DC, black mamba, grape animals, purple punch and more.
White Label extracts aim for the highest quality, highest purity and safest product possible for a competitive price with strains including cama tsu blue, hibiscus, Oregon indigo and more.
Elysium Fields’ cartridges, crafted with flash-frozen high-quality flower through a hydrocarbon extraction process.

Chalice Farms encourages customers to take advantage of its online ordering platform, plus delivery and express pick-up offerings. The company’s online ordering platform allows customers to reserve products, select options for pick-up in store, have products delivered or utilize curbside pick-up.

Chalice Farms offers complimentary delivery services for orders of $60 or more, available daily beginning at noon. Deliveries are collected and distributed on an hourly basis, with an estimated wait time of 30 to 90 minutes. More information on delivery is available here.

###

About Chalice Farms:

Since its inception in 2014 as one of the first cannabis companies in Oregon, Chalice Farms has grown into one of the top cannabis operators in the state, now with seven locations in the Portland metropolitan area. Locations include 13315 NE Airport Way, 823 SW Naito Pkwy., 1178 N Hwy 99W, 15252 OR-224, 5333 SE Powell Blvd., 16735 SW Pacific Hwy. and 10055 NE Glisan St. Voted “People’s Choice Award” winner in DOPE Magazine for its in-house edibles in 2015, Chalice Farms is a farm-to-table lifestyle cannabis company based in the Pacific Northwest. Senior citizens and military members always receive 10 percent off at all locations. Chalice Farms is built on a foundation of health and wellness, education, product innovation and customer service excellence. More information is available on the website, Facebook, Instagram and Twitter.

About Chalice Brands:

Chalice Brands, Ltd. is a premier, consumer-driven cannabis company specializing in production, processing, wholesale, distribution and retail, with 12 dispensaries throughout Portland, Oregon. The Company is committed to developing a dynamic portfolio built around the recognized brands of Chalice Farms and Homegrown Oregon, with a focus on health and wellness. Chalice Brands operates nationally through Fifth & Root and has operations in Oregon and California. Visit https://chalicebrandsltd.com/ for regular updates.

Important Notices and Disclaimers:

Chalice Brands, Ltd. does not provide medical advice and you should consult with your physician prior to beginning or continuing the use of cannabis or any health and wellness program. These statements have not been evaluated by the Food and Drug Administration. The products described above in this release, are not intended to diagnose, treat, cure, or prevent any disease. To the fullest extent permitted by applicable law, no warranties, promises and/or representations of any kind, express or implied, including but not limited to warranties of merchantability or fitness for a particular purpose, are given as to the nature, standard, accuracy, effectiveness, or otherwise of the information Chalice Farms provides in its digital wellness initiative, nor to the suitability or otherwise of the information to your particular case or circumstances and you expressly agree that your use of the Chalice Farms digital wellness initiative information is at your sole risk. Chalice Farms and the Chalice Farms logo are registered trademarks of Chalice Brands, Ltd.

Media Contacts:
Sidney Stewart/Emmaline Lewis
ChaliceFarms@WickedCreative.com

About CannabisNewsWire

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.

Third-Party Content

The CNW website may contain Third-Party Content articles and other content submitted by third parties, including articles submitted through the CNW Premium Partnership Program. All opinions, statements and representations expressed by such third parties are theirs alone and do not express or represent the views and opinions of CNW or its affiliates and owners. Content created by third parties is the sole responsibility of such third parties, and CNW does not endorse, guarantee or make representations concerning the accuracy and completeness of any third-party content. You acknowledge that by CNW providing you with this internet portal that makes accessible to you the ability to view third party content through the CNW site, CNW does not undertake any obligation to you as a reader of such content or assume any liability relating to such third-party content. CNW expressly disclaims liability relating to such third-party content. CNW and its members, affiliates, successors, assigns, officers, directors, and partners assume no responsibility or liability that may arise from the third-party content, including, but not limited to, responsibility or liability for claims for defamation, libel, slander, infringement, invasion of privacy and publicity rights, fraud, or misrepresentation, or an private right of action under the federal securities laws of the United States or common law. Notwithstanding the foregoing, CNW reserves the right to remove third-party content at any time in its sole discretion. By viewing this third-party content, you acknowledge that you have viewed, read fully, accepted and agreed to all terms of the Disclaimer at https://www.cannabisnewswire.com/disclaimer.

CannabisNewsBreaks – BevCanna Enterprises Inc. (CSE: BEV) (OTCQB: BVNNF) (FSE:7BC) in Strong Position to Build TRACE Brand

BevCanna Enterprises (CSE: BEV) (OTCQB: BVNNF) (FSE: 7BC), a diversified health and wellness beverage and natural products company, is staking target of the burgeoning alkaline water market with its TRACE line of products, which include natural spring alkaline water and plant-based mineral water. “What is not up for debate is the very real category growth of alkaline water,” reads a recent article. “Alkaline water is an emerging category that has caught consumer attention in the last decade, growing from a $325 million market in 2013 to $631 million in 2017, on a path to contribute billions to the broader global bottled water market. Two brands, Core and Essentia, were clear drivers in 44% annual growth in North America from 2013-2018. The burgeoning market is highly fragmented outside of Core and Essentia, putting BevCanna in a strong position to build its TRACE brand. TRACE already enjoys a leadership position within the alkaline and plant-based fulvic and humic mineral category being sold in more than 3,000 Canadian retailers.”

To view the full article, visit https://cnw.fm/t4qVz

About BevCanna Enterprises Inc.

BevCanna Enterprises is a diversified health and wellness beverage and natural products company. BevCanna develops and manufactures a range of plant-based and cannabinoid beverages and supplements for both in-house brands and white-label clients. With decades of experience creating, manufacturing and distributing iconic brands that resonate with consumers on a global scale, the team demonstrates an expertise unmatched in the nutraceutical and cannabis-infused beverage categories. Based in British Columbia, BevCanna owns a pristine alkaline spring water aquifer and a world-class, 40,000-square-foot, HACCP-certified manufacturing facility, with a capacity of up to 210M bottles annually. BevCanna’s extensive distribution network includes more than 3,000 points of retail distribution through its market-leading TRACE brand, its Pure Therapy natural health and wellness e-commerce platform, its fully licensed Canadian cannabis manufacturing and distribution network, and a partnership with number-one US cannabis beverage company Keef Brands. For more information about the company, visit www.BevCanna.com.

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

About CannabisNewsWire

To receive SMS text alerts from CannabisNewsWire, 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.

CannabisNewsBreaks – Pac Roots Cannabis Corp. (CSE: PACR) (OTCQB: PACRF) (FSE: 4XM) Raising Quality Bar with Focus on Cutting-Edge Techniques

Pac Roots (CSE: PACR) (OTCQB: PACRF) (FSE: 4XM) has sought to address the poor reputation of legal Canadian marijuana through a relentless focus on cutting-edge cultivation techniques, thereby raising the quality bar. This distinction sets the company apart as, despite recreational marijuana being legalized across Canada in October of 2018, legal recreational sales have been slow to take off. “A Canadian government survey released in February 2021 found that 40% of country’s marijuana consumers admitted to having obtained the drug illegally since legalization – largely a result of the poor quality inherent to legal produce as well as a distinct lack of retail store locations,” reads a recent article. According to its website, Pac Roots Cannabis is intent on preserving the excellence of its elite strains and is passionate about introducing the highest quality of strains to the public. “With Canada’s legalized marijuana market finally on an upswing, Pac Root Cannabis Corp.’s relentless focus on high-quality cultivars and marijuana products may place it in the ideal position to benefit from rising demand from an increasingly discerning Canadian retail consumer base.”

To view the full article, visit https://cnw.fm/foZ5k

About Pac Roots Cannabis Corp.

Pac Roots is the future of genetics. By focusing on elite cannabis genetic development, the company maximizes the quality of its products by keeping yields and profit margins high. Pac Roots subsidizes costs with several strategic partners: Phenome One, one of the largest live genetic libraries in Canada composed of over 350+ live cultivars, as well as its JV partnership with Rock Creek Farms and Speakeasy Cannabis Club, leveraging existing infrastructure, equipment, and access to land on a 100-acre hemp project. This combination has the company positioned to be cash-flow positive within their first year of trading. For more information about the company, visit www.PacRoots.ca.

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

About CannabisNewsWire

To receive SMS text alerts from CannabisNewsWire, 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.

CannabisNewsBreaks – Hero Technologies Inc.’s (HENC) Portfolio Leverages Premium Cultivation and Retail Assets

Hero Technologies (OTC: HENC) appears to be ideally positioned in the growing U.S. and Michigan recreational and medical marijuana markets. In Michigan, the state’s sales hit a record $115.4 million in March, a more than twofold increase over March 2020. Meanwhile, the U.S. markets are on a trajectory to reach up to $45.9 billion in annual sales by 2025, or as much as twice the level of sales projected this year. “We are growers and cultivators, developers, builders, engineers, marketers, managers all here to serve Hero Technologies Inc. as we rapidly develop the largest vertically integrated cannabis company the world has ever known,” proclaims the company website, as quoted in a recent article. “And while that statement may seem lofty,” continues the article, “a closer look at the company reveals a portfolio that provides superior cultivation and dispensary assets.”

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

About Hero Technologies Inc.

Hero Technologies is a cannabis company working toward a vertically integrated business model. The company owns a majority stake in BlackBox Systems and Technologies LLC, an aeroponic cannabis cultivation system that provides optimal growing conditions to enhance photosynthesis and the cultivation of large flowering plants, creating increased harvest efficiencies. Hero Technologies’ strategic business plan includes cannabis genetic engineering, farmland for both medical and recreational cannabis cultivation, production licenses, distribution licenses, consumer packaging, and retail and dispensary operations that make the company a multistate operator (“MSO”). For more information about the company, visit www.HeroTechnologiesinc.com.

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

About CannabisNewsWire

To receive SMS text alerts from CannabisNewsWire, 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 — How Marijuana Drinks Are Finally Coming to Maturity

When the first cannabis drinks hit the market a few years ago, they weren’t the smooth, high-quality beverages we see today. The cannabis industry itself was still in its infancy, cannabis technology was sorely lacking, and the results from these first attempts at infusing cannabis into beverages were not elegant. For instance, Lyden Henderson’s first run-in with a nonalcoholic, marijuana-infused beer last year left him with a bad taste in the mouth, literally.

It was chunky, he says, with soggy bits of marijuana floating throughout the beverage, creating what he refers to as “unpleasant consistency.” The texture was terrible as well, and he compares the taste to drinking milk that had been lying in a refrigerator for a couple of months. All in all, he recalls, it was the “most gross” drink he had ever had the misfortune of tasting in his life.

An entrepreneur at heart, however, Henderson saw the ordeal as a learning experience and vowed to create a much more superior cannabis beverage. For more than a year and a half, he and his workmates at Outbound Brewing, a nonalcoholic CBD and THC-infused beer firm he co-founded back in 2018, worked on developing a cannabis-infused beverage that was neither lumpy nor chunky. The company finally launched the line of cannabis beverages this year, with each 12 oz. bottle containing a smooth beverage infused with either 20 mg. of CBD or 10 mg. of THC.

Why was it so hard to infuse cannabis effectively into beverages until recently? Well, cannabinoids such as THC and CBD, which are responsible for marijuana’s effects, are naturally fat soluble. This means that while they will readily mix with fats and oils, they do not mix easily with water. Tinctures, which are a liquid product, use an alcohol base, but since it is illegal to mix cannabis and alcohol, this technique cannot be transferred to cannabis beverages.

Edibles, which have recently been seeing increasing sales, take advantage of cannabinoids’ fat solubility by mixing them with oils and fatty butters. Again, this cannot be used to make cannabis-infused beverages. But as the industry has matured, cannabis beverage companies have perfected a procedure referred to as nano-emulsification. Here, marijuana oil is broken into microscopic particles and mixed into an emulsifier that has two parts: one that bonds with oil and another that binds with water. Thus, one end of the emulsifier takes the cannabis oil while the other binds with water, suspending the cannabis in water and producing a very consistent product.

Jake Bullock, co-founder of THC- and CBD-infused sparkling water maker Cann, works with SōRSE Technology, a Seattle-based lab, to perfect the emulsification process without impacting the taste. The result was a beverage that doesn’t taste like cannabis at all, has the consistency of seltzer and has a standardized amount of cannabis in each can.

With companies such as BevCanna Enterprises Inc. (CSE: BEV) (OTCQB: BVNNF) (FSE: 7BC) taking the role of manufacturing cannabis drinks to a whole new level, the bad taste experienced by Henderson years back is a thing of the past.

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

About CNW420

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.

420 with CNW — State Cannabis Regulators Discuss Effects of Legalization with Members of Congress

Last week, a group of state cannabis regulators met with members of Congress and federal officials to discuss the possible effects that national legalization of the plant and other changes in marijuana policy could have on the programs they manage.

The meeting was organized by the Cannabis Regulators Association. The coalition is made up of members whose states have put an end to marijuana prohibition and would be impacted by any federal cannabis actions.

In attendance were the co-chairs of the Congressional Cannabis Caucus Reps. Dave Joyce and Earl Blumenauer, who spoke with staffers from various congressional offices as well as the state regulators. Representatives from the Alcohol and Tobacco Tax and Trade Bureau, the Food and Drug Administration and the National Institute on Drug Abuse were also in attendance.

In an interview, the Michigan Marijuana Regulatory Agency’s executive director Andrew Brisbo stated that federal officials were open-minded during the discussion, adding that their main objective for the meeting was to highlight how important it was that state regulators have a position to share their perspectives.

Brisbo also observed that promoting economic and social equity, product testing and labeling were among the issues that they discussed during the meeting. In addition, they also talked about laws to protect banks that cater to state-legal cannabis businesses from incurring penalties from federal regulators. Regulators from the states of Utah, Oregon, Nevada, Minnesota, Massachusetts, Illinois, Hawaii, Colorado and California among others also took part in the discussion.

In addition to this, Brisbo stated that they also wanted to make sure that there was consideration for already existing frameworks when federal policies were enacted. He also explained that while some initiatives honored the people’s will and established structures that functioned on the state level, it was important to make sure that the progress made by different states wasn’t overrun by federal policies.

Earlier in the year, the regulators association had penned a letter to congressional leaders who had provided assistance and outlined marijuana policy priorities as legislators consider various reform initiatives that may be advanced during this session.

The priorities included supporting public health initiatives, making certain that there was economic and social equity in legal markets, advancing research on cannabis, offering banking access to state-legal marijuana businesses, and offering protection to states that have legalized cannabis in some form.

At present, the sponsors of a Senate legislation to offer marijuana banking protections are calling for the chairman to put the measure to a vote in Congress.

If such meetings are anything to go by, the entire cannabis industry, including Chalice Brands Ltd. (CSE: CHAL) (OTCQB: CHALF), could soon be looking at enabling laws at the federal level that address many of the existing regulatory contradictions.

NOTE TO INVESTORS: The latest news and updates relating to Chalice Brands Ltd. (CSE: CHAL) (OTCQB: CHALF) are available in the company’s newsroom at https://cnw.fm/CHALF

About CNW420

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.