Category: CannabisNewsWire Release

CannabisNewsBreaks – Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) Announces Filing of Prospectus Supplement

Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF), today announced that, further to the previously disclosed amendments to the terms of its outstanding 6.0% senior unsecured subordinated convertible debentures issued in October 2018, it has filed a prospectus supplement that qualifies the issuance of up to 58,300,000 common shares of the company to holders of debentures (“debentureholders”) residing in eligible jurisdictions. According to the update, in consideration of the reduction of the principal amount of the debentures by $63.5 million, among other considerations, the company will issue an aggregate of 116.6 million common shares (“consideration shares”) to debentureholders. Debentureholders residing in eligible jurisdictions will receive half of the consideration shares as freely-trading shares, with the other half subject to a four-month restricted period. Debentureholders residing in other jurisdictions will be entitled to receive consideration shares subject to restricted periods and applicable securities laws.

To view the full press release, visit http://cnw.fm/R8nn5

About Supreme Cannabis Company Inc.

The Supreme Cannabis Company is a global diversified portfolio of distinct cannabis companies, products and brands. Since 2014, the company has emerged as one of the world’s fastest-growing, premium plant-driven lifestyle companies. Supreme Cannabis’ portfolio of brands caters to diverse consumer experiences, with brands and products that address recreational, wellness, medicinal and new consumer preferences. The company’s brand portfolio includes 7ACRES, Blissco, Truverra, Sugarleaf and Hiway. Supreme Cannabis’ brands are backed by a focused suite of world-class operating assets that serve key functions in the value chain, including scaled cultivation, value-add processing, centralized manufacturing and product testing and R&D. For more information, visit the company’s website at www.Supreme.ca.

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

About CanadianCannabisWire

CanadianCannabisWire (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.CanadianCannabisWire.com

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

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

CanadianCannabisWire (CNW)
Toronto, Ontario
www.CanadianCannabisWire.com
905.674.5977 Office
Editor@CanadianCannabisWire.com

CanadianCannabisWire is part of the InvestorBrandNetwork.

CannabisNewsBreaks – Halo Labs Inc. (NEO: HALO) (OTCQX: AGEEF) (Germany: A9KN) Announces Strong Sales Trend, California and Oregon Operations Growth

Halo Labs Inc. (NEO: HALO) (OTCQX: AGEEF) (Germany: A9KN) today announced that retail sales of the company’s Hush(TM) branded products continue to grow in the states of California and Oregon. According to the update, aggregate unaudited total revenues were approximately $2.18 million in July. In addition, unaudited revenues from sales to dispensaries were $1.94 million, reflecting the largest monthly sales in the company’s history. “Our California and Oregon operations are growing and the sales trend is strong, as we expand the assortment and bolster distribution channels—even as the COVID-19 pandemic challenged the economy from mid-March 2020,” said Kiran Sidhu, CEO and co-founder of Halo, in the press release. “With harvest only eight weeks away, we are poised to grow even more rapidly as we debut and distribute fresh material and new product lines.”

To view the full press release, visit http://cnw.fm/kyP8f

About Halo

Halo is a leading, vertically integrated cannabis company that cultivates, extracts, manufactures and distributes quality cannabis flower, oils and concentrates, and has sold approximately 1.2 million grams of flower and pre-rolls in 2020, as well six million grams of oils and concentrates since inception. Halo continues to scale efficiently, partnering with trustworthy leaders in the industry who value operational expertise in bringing top-tier products to market. Current growth includes expansion in key markets in the United States and Africa, with planned geographic expansion into U.K. and Canadian markets. With a consumer-centric focus, Halo markets value-driven, branded and private-label products across multiple product categories.

Recently, the company acquired a dispensary permit in Los Angeles, and a 30,000-square-foot cannabis processing and wholesale facility in Ukiah, California. The company plans to acquire three KushBar(TM) branded dispensaries, five development permits in Alberta Canada, and Canmart Limited, a company that holds wholesale distribution and special licenses, allowing the import and distribution of cannabis-based products for medicinal use (“CBPMs”) in the United Kingdom.

Halo is led by a strong, diverse and innovative management team, with deep industry knowledge and blue-chip experience. The company is currently operating in the United States in California, Oregon and Nevada. Internationally, the company is currently cultivating cannabis at Bophelo Bioscience & Wellness (Pty) Ltd, in Lesotho under a 200-hectare license, and is planning importation and distribution of CBPMs into the United Kingdom via Canmart.

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

About CanadianCannabisWire

CanadianCannabisWire (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.CanadianCannabisWire.com

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

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

CanadianCannabisWire (CNW)
Toronto, Ontario
www.CanadianCannabisWire.com
905.674.5977 Office
Editor@CanadianCannabisWire.com

CanadianCannabisWire is part of the InvestorBrandNetwork.

420 with CNW – House Leadership Confirms Upcoming Vote on Marijuana Legalization

Congressional leadership announced formally on Friday that the House would vote on a cannabis legalization bill in September.

James Enos Clyburn, the Majority Whip (D-SC) confirmed in a mass email to members that the chamber is expected to debate the MORE Act (Marijuana Opportunity, Reinvestment and Expungement) in the September period. This is despite the floor vote having not yet been scheduled.

The bill was first introduced by Jerrold Nadler, Judiciary Committee Chairman (D-NY) last year after which it cleared the committee and was pushed forward to other committees. However, it is not yet known if the committees in question will relinquish jurisdiction or markup the proposed bill for it to get a majority vote.

The Marijuana Opportunity, Reinvestment and Expungement Act would suspend marijuana’s illegality, annul records of individuals who had been convicted for cannabis and levy a 5% governmental tax on its sales. The revenue collected would be used to revive communities that have been the most affected by the ongoing drug war.

The Act would in addition make way for the resentencing of those who had been imprisoned for cannabis crimes, and prohibit government agencies from refusing security clearances or public benefits to individuals because of using cannabis.

Additionally, the act would offer protection for immigrants who may be denied citizenship over marijuana.

In the email, the Majority Whip requests the lawmakers to brief him by Monday if they plan on supporting the bill on the floor.

Rep. Earl Blumenauer (D-OR), who is a chief advocate for marijuana reform in Congress, recently stated in an interview that the marijuana legalization bill was a chance to stop the prohibition policy that had reigned for a lengthy period of time, over which selective enforcement was practiced against many BIPOC’s, mostly black men.

He also added that there was a significant urgency to this bill, given the protests of racial injustice throughout the country. He explained that Congress seizing the opportunity to align marijuana laws with the wants of the majority of the Americans would be historic, thus assuring that restorative justice was implemented.

Earlier this month, House leadership received a letter from major civil rights and drug policy organizations such as the NAACP, American Civil Liberties Union, Drug Policy Alliance (“DPA”) and the Human Rights Watch. The letter demanded a floor vote before the end of September on the MORE Act.

Policy manager for DPA, Queen Adesuyi also added that the advancement of this bill met this political moment’s principles, adding that the House Democrats now had the opportunity to pass a bill that enjoyed bipartisan support while also responding to calls for racial justice and justice reform resounding in the country.

Marijuana industry actors like Pac Roots Cannabis Corp. (CSE: PACR) are likely to follow the House proceedings keenly since history may be in the making with regard to marijuana policy.

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 – Coronavirus Pandemic Causes a Spike in Marijuana College Enrollment

The COVID-19 pandemic brought about the closure of many businesses, with industries suffering and economies struggling to recover from the impact of restrictions and lockdowns.

When the pandemic began, marijuana was considered an essential business. Now, with millions in lockdown around the world, many are seeking to grow their portfolio by signing up for classes in the Cannabis Training University (“CTU”).

Jeff Zorn, the CEO of CTU, which is the first and oldest as well as the largest online cannabis college in the world, states that Cannabis Training University has been registering an average of 1,000 new students every month since the beginning of the pandemic, an increase from the 500 student enrollment they were seeing. He adds that most of the students are from Canada and the U.S.

On March16, 2020, it was reported by Statista, which is an online statistics portal, that recreational marijuana sales in California has grown by almost 159%. This was in comparison to March 16, 2019. In Colorado and Washington State, sales had also grown by 46% and 100% respectively by the same date.

Headset, an analytics site that provides market and retail insights to marijuana retailers, stated that marijuana sales in the U.S. had increased rapidly in mid-March, with the growth in sales climaxing at 64%.

With more states moving toward cannabis legalization and the industry growing thus creating demand for skilled employees, it makes sense for people to see the industry as a business opportunity and acquire the necessary skills to learn all they can about the industry as well as the product. It is therefore not a surprise that CTU has recorded a 108% growth in enrollment during this period.

So, what is the CTU?

The Cannabis Training University is headquartered in Denver, Colorado and was established to provide extensive marijuana education to everyone in the world.

The college has trained and certified thousands of students from more than 20 countries across the globe. Their education model allows anyone from anywhere in the world to access their content and educate themselves.

Jeff Zorn, who is a graduate of the school as well, launched CTU in 2009 after leaving corporate medical sales. He stated the reason for this being his traumatic brain injury and how he had used marijuana to recover.

He speculates that with the increase in job loss, many will venture into the marijuana industry.

In addition to teaching, the university also provides staff training for companies in the industry.

However, one should note that as marijuana is still illegal in most states, this makes the college unaccredited. Therefore, one cannot apply for government student loans/grants to help pay for tuition but individuals with marijuana-related convictions can attend these colleges, even though they may find it hard to get a job in the sector because of their record.

While there are no state requirements for those who wish to be employed in this sector, some states ask for state level certifications for role such as bud tending.

To get employment in this sector, managers may prefer applicants that are:

  • Knowledgeable
  • Versatile
  • Flexible
  • Patient
  • Can persevere
  • Have people skills
  • Are confident
  • Have certification

Furthermore, the college only requires that the individual enrolling is 18 years of age or older.

CTU also provides a certificate as well as the knowledge of an extensive cannabis program for about $1,000. The rates are the same across the globe and students are allowed to learn at their own pace.

Sector players like Cannabis Global Inc. (OTC: CBGL) must be glad that people are looking to the marijuana industry for new sources of employment amid this pandemic.

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 – InvestorBrandNetwork and CannabisNewsWire Re-Engaged by USA CBD Expo for Upcoming 2020 and 2021 Events

CannabisNewsWire (“CNW”), one of multiple cannabis-focused information services part of the InvestorBrandNetwork (“IBN”), today announced that it has been re-engaged by the USA CBD Expo, hosts of the nation’s largest CBD conference network, to serve as the official newswire and provide coverage for the upcoming slate of events to take place in 2020 and 2021. Having successfully collaborated for its premier Las Vegas event held in February 2020, USA CBD Expo has re-engaged CNW for its future line-up, including the upcoming Chicago conference in December 2020, the Atlanta conference in February 2021 as well as the South American conference – set to take place in Medellin, Colombia in May 2021. IBN was also engaged as the official corporate communications firm for all three events. “We are very proud of the great success we have experienced through our USA CBD Expo events thus far, and are looking forward to marketing our full docket of events with IBN’s cannabis, hemp and CBD brands,” said Nicole Beiner, marketing director at USA CBD Expo, in the press release. “IBN and its brand network have done a stellar job in heightening the awareness of our past events. We look forward to a continued relationship with this outstanding team.”

To view the full press release, visit http://cnw.fm/EOv5T

About USA CBD Expo

The USA CBD Expo has established a well-earned reputation for hosting the largest CBD and hemp-dedicated events in the United States. The company’s expos have been meticulously designed to create a global hub, enabling some of the world’s most significant and pioneering CBD brands and businesses to gather in a single, all-encompassing venue to exchange information and ideas. Participants will be able to experience the largest selection of innovative CBD and hemp products, including offerings in the edibles, tinctures, beverages, topicals, vapes, flower, cosmetics and pet product sectors. Additional information about the USA CBD expo, including registration details, is available at https://usacbdexpo.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 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 – The Alkaline Water Company Inc. (CSE: WTER) (NASDAQ: WTER) Announces Increased Brand Presence Across the Midwest

The Alkaline Water Company (CSE: WTER) (NASDAQ: WTER), a producer of premium bottled alkaline and flavored-infused drinking waters and CBD-infused products, today announced that its flagship brand, Alkaline88(R), will be available in 1-gallon and 1-liter sizes at all 123 Fareway store locations across Illinois, Iowa, Minnesota, Missouri, Nebraska, and South Dakota. “We are excited to announce that our flagship brand, Alkaline88, will be available in all Fareway locations across six states in the Midwest,” said Ricky Wright, president and CEO of The Alkaline Water Company, in the press release. “Our brand presence in the Midwest is growing stronger by the day, especially in the grocery channel. Fareway further extends our market share, and our customers can now find our products in many of the leading grocery chains in the region. Our lifestyle brands are currently in over 70,000 retail locations, and we are targeting an additional 40,000 stores over the next 12 to 18 months across multiple trades. We continue to see growth in our single-serve offerings, including our eco-friendly aluminum bottles and our A88 flavor-infused waters.”

To view the full press release, visit http://cnw.fm/7sjEO

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 seven 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 both the company’s lab-tested, full-spectrum hemp salves, balms, lotions, essential oils and bath salts, along with broad-spectrum hemp beverage shots, powder packs, oil tinctures, capsules and gummies. To learn more about the company 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 CanadianCannabisWire

CanadianCannabisWire (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.CanadianCannabisWire.com

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

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

CanadianCannabisWire (CNW)
Toronto, Ontario
www.CanadianCannabisWire.com
905.674.5977 Office
Editor@CanadianCannabisWire.com

CanadianCannabisWire is part of the InvestorBrandNetwork.

CannabisNewsBreaks – Cannabis Global Inc. (CBGL) Acquires Stake in Licensed California Cannabis Manufacturing, Distributing Operation

Cannabis Global (OTC: CBGL), a cannabinoid and hemp-extract, science-forward company developing infusion and delivery technologies, has acquired a stake in Natural Plant Extract of California Inc. (“NPE”). The strategic move places CBGL in a prime position in the multibillion-dollar California cannabis space. The agreement, which closed Aug. 31, 2020, outlined Cannabis Global’s acquisition of 18.8% of NPE’s outstanding capital stock for $2 million. NPE operates a licensed cannabis manufacturing and distribution business operation out of Lynwood, California, and owns a Type 7 California Manufacturing License as well as a California Distribution license. “This is a significant agreement for Cannabis Global, as it provides the company with further penetration into the important California market, which is valued at billions of dollars per year,” said Cannabis Global CEO Arman Tabatabaei in the press release. “We believe we create significant added value for our shareholders and new synergies by combining our managerial talents and technologies with the licenses and marketplace opportunities of NPE. We have aspirations of becoming a major distributor and manufacture of our cannabis products in California. NPE is ahead of most of the competition in the state in terms of permitting, build-out and licensing.”

To view the full press release, visit http://cnw.fm/cTNMJ

About Cannabis Global Inc.

Cannabis Global, formerly known as MCTC Holdings Inc., is a fully audited and reporting company with the U.S. Securities & Exchange Commission. The company is an emerging force in the area of cannabinoid sciences and highly bioavailable hemp- and cannabis-infusion technologies. The company does not engage in the production, distribution or sales of any controlled substances, including marijuana. CBGL has an actively growing portfolio of intellectual property, having filed six patents in the areas of cannabinoid delivery systems and cannabinoid polymeric nanoparticles. The company markets its consumer products under the Hemp You Can Feel brand name. Cannabis Global launched its Project Varin early in 2020, designed to develop new delivery methods for rare cannabinoid tetrahydrocannabivarin (THV-C) and to develop products based on this cannabinoid. For more information about the company, visit www.CannabisGlobalInc.com.

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

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 – The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) Announces ‘Extraordinary Resolution,’ Amendments to Debenture Terms

The Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF), a Canadian cannabis company committed to identifying new opportunities to grow and strengthen its impressive portfolio, has obtained approval from debentureholders to partially convert and amend debentures. The company announced that holders of its outstanding 6% senior unsecured convertible debentures have approved an “extraordinary resolution” outlining amendments to the terms of the debentures, which were issued in October 2018. In part, those amendments include a reduction of the total principal amount of debentures outstanding from $100 million to $36.5 million; an extension of the maturity date of the debentures from October 19, 2021, to the date that is five years plus one day from the defined closing date, unless repurchased, redeemed or converted prior to maturity; and a reduction of the conversion price of the debentures from $2.45 per share to $0.285 per share.

To view the full press release, visit http://cnw.fm/qYGqc

About Supreme Cannabis Company Inc.

The Supreme Cannabis Company is a global diversified portfolio of distinct cannabis companies, products and brands. Since 2014, the company has emerged as one of the world’s fastest-growing, premium plant-driven lifestyle companies. Supreme Cannabis’ portfolio of brands caters to diverse consumer experiences, with brands and products that address recreational, wellness, medicinal and new consumer preferences. The company’s brand portfolio includes 7ACRES, Blissco, Truverra, Sugarleaf and Hiway. Supreme Cannabis’ brands are backed by a focused suite of world-class operating assets that serve key functions in the value chain, including scaled cultivation, value-add processing, centralized manufacturing and product testing and R&D. For more information, visit the company’s website at www.Supreme.ca.

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

About CanadianCannabisWire

CanadianCannabisWire (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.CanadianCannabisWire.com

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

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

CanadianCannabisWire (CNW)
Toronto, Ontario
www.CanadianCannabisWire.com
905.674.5977 Office
Editor@CanadianCannabisWire.com

CanadianCannabisWire is part of the InvestorBrandNetwork.

CannabisNewsBreaks – Pac Roots Cannabis Corp. (CSE: PACR) Conducting Non-Brokered Private Placement

Pac Roots Cannabis (CSE: PACR), a Canadian cannabis company dedicated to producing premium-quality strains and products by leveraging a genetics-focused approach, has announced a private placement of units, the proceeds of which are intended to be used for upcoming projects and general working capital. According to the announcement, released by Pac Roots CEO Patrick Elliott, the placement of units will be at a price of C$0.25 per unit for gross proceeds totaling up to $2 million, subject to an overallotment option. The offering is up to 8 million units, with each unit consisting of one share and one warrant exercisable at C$0.40 per share for 24 months from issue date. The announcement also stipulated that the issued units will be subject to a four-month hold period.

To view the full press release, visit http://cnw.fm/fKbPn

About Pac Roots Cannabis Corp. 

Pac Roots is focused on delivering the finest genetics to Canadians. Preserving the excellence of its elite strains while introducing the highest quality of new strains to the public is the company’s passion. Genetic variation and stability form the foundation that drives the decision making for Pac Roots Cannabis Corp.’s business. 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 CanadianCannabisWire

CanadianCannabisWire (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.CanadianCannabisWire.com

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

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

CanadianCannabisWire (CNW)
Toronto, Ontario
www.CanadianCannabisWire.com
905.674.5977 Office
Editor@CanadianCannabisWire.com

CanadianCannabisWire is part of the InvestorBrandNetwork.

420 with CNW – Cannabis Legalization Linked to Fewer Vaping Injuries

A study found that states that had legalized cannabis were less likely to experience growth in vaping related lung injuries in the past year in comparison to states that prohibited marijuana use.

The study strengthened the arguments of advocates that called for marijuana reform, stating that its legalization and regulation reduced the potential risk of consumers using possibly dangerous and contaminated products.

The study also established that adult vaping rates and marijuana use rates had not increased as had been previously predicted.

It was noted that some of the teen consumers of adult-use marijuana users were ranked among the lowest with regard to lung related injuries from vaping, with less than 1 in 100,000 cases between the ages of 12-64.

On average, the frequency of these cases per state in terms of lung injuries was 1.4cases per 100,000 individuals in the said age group. In comparison, no state with high cases in lung injuries have recreation cannabis markets established.

The study indicates a negative relationship linked to EVALI (dangerous, lung disease associated with vaping) popularity and pre-outbreak vaping rates and cannabis use while also showing that well-established cannabis markets may have ejected the use of informally sourced, riskier e-liquids.

Combined, the five states that have legalized recreational cannabis i.e. Oregon, Alaska, Colorado, California and Washington, had less than one EVALI case per 100,000 residents aged between 12 and 64 while the states with the highest EVALI cases such as Minnesota, Utah, North Dakota, Indiana and Delaware, still prohibit recreation cannabis use.

It is speculated that a ban on smokeable marijuana products in two of the states mentioned above with a lot of cases, only permitted medical cannabis use. This may have further contributed to lung injuries as the only options left to consumers in the market were in the illicit and unregulated vaping market.

The CDC has in total, identified 68 deaths and over 2,800 cases linked to contaminated vape products. The agency has also discovered vitamin E acetate that is added to the illegally purchased and altered THC e-liquid cartridges as being a strong factor that may have led to the series of vaping-related lung injuries.

Another study that was published in April also ascertained that individuals living in states where recreational cannabis was legal were less than likely to sustain vaping-related lung injuries as compared to those living in states where marijuana is still illegal.

A high ranking CDC official stated last year that a clash between federal and state cannabis laws impeded research that was to aid in tackling EVALI cases.

Experts say this research shows that industry actors like Sugarmade, Inc. (OTCQB: SGMD) have a case when they say legalizing marijuana reduces some of the health risks resulting from consuming unregulated products.

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.