CannabisNewsBreaks – Cannabis Global, Inc. (MCTC) Announces Domicile into Nevada, Corporate Name Change to Better Reflect Cannabis Direction

Cannabis Global (OTC: MCTC), formerly MCTC Holdings, today announced a change in corporate domicile from Delaware to Nevada under the corporate name of Cannabis Global, Inc. According to the update, the company plans to institute a corporate action with FINRA for an official name change with that organization and for a change of the stock trading symbol. “We have made tremendous progress as an organization since our reorganization last May, but now it is time for our corporate identity to match our corporate mission,” Cannabis Global CEO Arman Tabatabaei stated in the news release. “Thus, we have changed the name of the corporation to Cannabis Global, Inc. and we will be applying with FINRA for a new stock trading symbol to match our marketplace.”

To view the full press release, visit http://cnw.fm/GMt1u

About Cannabis Global, Inc.

Cannabis Global, Inc. is a Nevada registered, fully reporting and audited publicly-traded company. With the hemp and cannabis industries moving very quickly and with a growing number of market entrants, Cannabis Global plans to concentrate its efforts on the middle portions of the hemp and cannabis value chain. The Company plans to actively pursue R&D programs and productization for exotic cannabinoid isolation, bioenhancement of cannabinoids and polymeric solid nanoparticles and nanofibers for addition into consumer products and for dermal application. The company was reorganized during June of 2019 and announced its intent to enter the fast-growing cannabis sector and its intent to change its corporate identity to Cannabis Global, Inc. The company is headed and managed by a group of highly experienced cannabis industry pioneers and entrepreneurs. For more information, visit the company’s website at www.CannabisGlobalinc.com.

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

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 – VIVO Cannabis Inc. (TSX: VIVO) (OTCQX: VVCIF) Announces Partial Debenture Repurchase

VIVO Cannabis (TSX: VIVO) (OTCQX: VVCIF) today announced that it has re-purchased for cancellation certain of its outstanding 6% unsecured convertible debentures in the aggregate principal amount of $10 million, for a purchase price of $9.3 million (plus accrued and unpaid interest thereon), representing a 7% discount to the face value, pursuant to an agreement with the holder thereof. The company, as a result of the repurchase, now has Debentures in the aggregate principal amount of $24.5 million due February 28, 2021. “As evidenced by our recent financial results, VIVO continues to enjoy a strong cash position,” VIVO’s Chief Executive Officer Barry Fishman said in the news release. “Repurchasing these debentures at a 7% discount, together with the termination of future interest that would otherwise have accrued to the maturity date of February 28, 2021, will result in savings to VIVO of between approximately $1.25 million and $1.43 million, which will further enable us to pursue our goals of increasing shareholder value and becoming profitable.”

To view the full press release, visit http://cnw.fm/jg9Q7

About VIVO Cannabis(TM)

VIVO Cannabis(TM) is recognized for trusted, premium cannabis products and services. It holds production and sales licenses from Health Canada and operates world-class indoor and seasonal airhouse cultivation facilities with proprietary plant-growing technology in Hope, British Columbia and Napanee, Ontario. VIVO has a collection of premium brands, each targeting different customer segments, including Canna Farms(TM), Beacon Medical(TM), Fireside(TM), Lumina(TM) and Canadian Bud Collection(TM). The company is expanding its production capabilities and distribution network. Harvest Medicine, VIVO’s patient-centric, scalable network of medical cannabis clinics, has serviced over 100,000 patient visits. VIVO is pursuing several partnership and product development opportunities and is focusing its international efforts on Germany and Australia. The company has a healthy balance sheet and is well-positioned to accelerate its path to profitability. For more information, visit www.VIVOCannabis.com.

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

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.

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CBDNewsBreaks – Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) Announces Consent to Receivership Appointment for CBD Business, Continuation of Cannabis Business in FL, MA and NV

Green Growth Brands (CSE: GGB) (OTCQB: GGBXF) today announced that a special committee of the Board of Directors has concluded the previously announced strategic review process related to the company’s cannabidiol (“CBD”) business. As a result, Green Growth Brands has determined that appointment of a receiver is in the best interest of the company and the creditors of the CBD business. The CBD business is operated by six of the company’s subsidiaries: Green Growth Brands LLC, GGB Beauty LLC, GGB Licenses LLC, Green Growth Brands Realty LLC, GGB Kiosks LLC, and GGB GN LLC, each of which will be subject to the receivership order. The company will continue to operate its cannabis business in Florida, Massachusetts, and Nevada (the “MSO Business”) through its subsidiaries Nevada Organic Remedies LLC (“NOR”), Henderson Organic Remedies LLC (“Henderson”), Wellness Orchards of Nevada LLC, Just Healthy LLC, and Spring Oaks Greenhouses Inc. (collectively, the “MSO Subsidiaries”). NOR and Henderson, which operate the company’s The+Source dispensaries in the Las Vegas, Nevada region, have recently commenced delivery service in response to Nevada Governor Stephen Sisolak’s March 20, 2020 order limiting dispensary operations in the state. None of the MSO subsidiaries nor any of their respective assets will be subject to the receivership order.

To view the full press release, visit http://cnw.fm/yH2xX

About Green Growth Brands Inc.

Green Growth Brands creates remarkable experiences in cannabis. The company’s brands include CAMP, The+Source, and 8 Fold. GGB is expanding its cannabis operations throughout the U.S., via dispensaries in Nevada, Massachusetts and Florida. For more information, visit the company’s website at www.GreenGrowthBrands.com.

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

About CBDWire

CBDWire (CBDW) is a specialized information provider focused on (1) reporting CBD-related news and updates, (2) releasing CBDNewsBreaks crafted to keep investors abreast of the latest and greatest in the CBD market, (3) refining and enhancing corporate press releases, (4) delivering end-to-end distribution and social media services to client-partners and (5) constructing effective corporate communication solutions based on the unique requirements of CBD companies. CBDW is exclusively positioned in the burgeoning CBD sector with a proven team of journalists and researchers working to deliver high quality content to an expansive target audience of investors, consumers and industry news outlets. Our dissemination network of over 5,000 downstream distribution points allows us to deliver unparalleled reach, visibility and recognition to companies operating in both cannabidiol and the wider cannabis space. CBDWire (CBDW) is where CBD news, content and information converge.

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CannabisNewsBreaks – ChineseInvestors.com Inc. (CIIX) CEO Provides Update on Company Activity During Coronavirus Pandemic Atmosphere on MoneyTV with Donald Baillargeon

ChineseInvestors.com (OTCQB: CIIX) was featured on this week’s episode of MoneyTV with Donald Baillargeon. The internationally syndicated program, viewed in over 200 million households and more than 75 countries, covers money-focused topics and features in-depth interviews with CEOs and executives that offer insights into various companies and their operations and future outlooks. Among other highlights, this week’s program featured CIIX CEO Warren Wang as he provided an update in regard to company activity during the coronavirus pandemic atmosphere. Discussing the company’s new YouTube program, launched in February, Wang provides an overview of the show with content on his use of options to trade stocks on the S&P 500 and also low-priced stocks with high volume. “It’s gathered tremendous attention,” Wang says of the program that he indicates is cash flow positive and doesn’t require marketing fees.

To view the full press release, visit http://cnw.fm/wG2k8

About ChineseInvestors.com Inc.

Founded in 1999, ChineseInvestors.com endeavors to be an innovative company by providing (a) real-time market commentary, analysis and educationally related services in both traditional and simplified Chinese language character sets; (b) advertising and public-relations-related support services; and (c) retail, online and direct sales of hemp-based products and other health-related products. For more information, visit the company’s website at www.ChineseInvestors.com.

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

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CBDNewsBreaks – SinglePoint, Inc. (SING) CEO Discusses CBD-Infused Hand Sanitizer Product on MoneyTV with Donald Baillargeon

SinglePoint (OTCQB: SING) was featured on this week’s episode of MoneyTV with Donald Baillargeon. The internationally syndicated program covers money-focused topics, featuring various companies and in-depth interviews with CEOs and executives that offer insights into operations and future outlooks. MoneyTV is viewed in over 200 million households in more than 75 countries. Among other highlights from this week’s program, SinglePoint CEO Greg Lambrecht unveiled the company’s CBD-infused hand sanitizer product. “The response that we’ve gotten has just been amazing,” Lambrecht said during the program, speaking of the company’s attendance at the NACS show (the National Association of Cleaning Stores Show) and the subsequent potential account leads. “I’m not at liberty to tell you who we’re talking to right now, but some of the largest convenience store chains in the country are calling us for our Klēn Hands sanitizer.”

To view the full press release, visit http://cnw.fm/uLId4

About SinglePoint Inc.

Founded in 2011, SinglePoint invests in and acquires brands and companies that will benefit from injection of growth capital and the sales and marketing expertise of SinglePoint. The company portfolio currently includes solar, hemp and technology applications. SinglePoint is working to grow the company to a multinational brand. For more information, visit the company’s website at www.SinglePoint.com.

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

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420 with CNW – Cannabis Legalization Could Trigger Economic Recovery After Coronavirus Pandemic

The economic impact of the Coronavirus pandemic has been immense. Shortly after various states started implementing lockdowns to prevent the virus from spreading, businesses were feeling the pinch due to reduced sales. By this week, more than 3 million Americans have filed for unemployment, and the number may increase as the country has officially become the epicenter of the disease with over 185,000 confirmed cases.

According to New York Governor Andrew Cuomo, the estimated loss of revenue for the state of New York stands between $10 and $15 million. The state is the epicenter of the outbreak in the U.S. with over 40,000 cases, and officials have already warned of severe budget issues. Most of the other states with confirmed cases are also experiencing the same. The massive closure of a majority of businesses coupled with the escalating costs of treating infected patients is sure to cause a lot of strain on the country’s economy.

However, according to analysts at DataTrek Research, legalizing recreational marijuana could help get the economy back on track after the Coronavirus runs its course. The more conventional means of increasing revenue like ramping up sales or increasing real estate taxes might not be the way to go, says DataTrek co-founder Jessica Rabe.

“Traditional means of boosting state and local government revenue, such as increasing income, sales or real estate tax will further dampen demand and possibly drive people out of states like New York. Taxing sales of retail cannabis is a new source of state and local income that’s successfully raised hundreds of millions of dollars in states like Colorado,” Rabe adds.

Last year, Colorado raked in $1.74 billion in marijuana sales, and over $300 million was injected into various state programs. In California, legal recreational marijuana has generated over $1 billion in state revenue since 2018.

“There’s a simple and effective solution for states and cities to help cover their huge budget shortfalls after the COVID-19 pandemic subsides; legalize recreational sales of marijuana,” she adds.

Experts say this won’t be a short ordeal, and that the virus may end up infecting 70% of the world’s population. And with each passing day that businesses are closed and people cannot work, the economy slips further. According to some economists, the country is just a bad day away from sliding into the Great Depression.

Legalizing recreational marijuana sales may be one of the few ways to jumpstart the economy and provide jobs without putting undue strain on the citizens.

It would be interesting to hear what marijuana industry players like ChineseInvestors.com Inc. (OTCQB: CIIX) have to say about the suggestion that cannabis could hold the key to economic recovery after the current pandemic runs its course.

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 – Marijuana Prices Soar in Spain Due to COVID-19

Of the over 800,000 confirmed Coronavirus cases in the world, at least 100,000 are from Spain. The country has lost a little over 9,000 patients, and understandably, it has gone into lockdown mode to reduce the spread of the virus. This, coupled with regular hand washing and social distancing is the best way to prevent new infections.

However, the economic impact of the lockdown has been immense. With all but the most essential businesses closed and a large number of people currently unable to work, the economy has been in a steady decline. The situation has also resulted in a spike in marijuana prices in Spain, with hashish and cannabis selling at two or even three times their original price.

Ten days ago, a gram of marijuana would have cost a Spaniard $5.46 or $6.56, but now one would have to fork over $10.93 or even $16.39 for the same amount of cannabis. With all but the most essential supply lines shut down, moving marijuana has become difficult. In fact, the Civil Guard thwarted their shipments on Malaga’s beaches within the last nine days, further exacerbating the situation.

According to police sources, drug trafficking numbers are down due to the lockdown. “Before, there were many young people in the street selling. Now, obviously, you can’t see them,” says one policeman.

“It makes sense that the prices of narcotic substances go up. Police pressure is high and it’s no longer normal for certain people to walk the streets, or for certain vehicles to move at night. The priority is to guarantee what is established in the royal decree, so there is a lot of pressure on movements and a lot of paperwork,” he adds.

The fact that individuals who don’t comply with the Coronavirus-related directives are at risk of a €100 fine or up to one year prison time, on top of the fines for marijuana possession, is a big deterrent.

To avoid detection, sellers have come up with creative ways to sell marijuana. These include quick meetings in supermarket parking lots and for those who are extra careful, the seller hides the marijuana at an agreed-upon spot and gets paid by mobile phone. “This way you keep the security distance without problems because people get their supplies and don’t have to go out so many times,” says one salesman.

“The logic is the same as in supermarket shopping: buy more to go less,” he says.

Analysts say licensed marijuana industry actors like The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) are hoping that the COVID-19 pandemic is brought under control long before cannabis supplies dwindle and the people who need these products fail to access them legally.

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CannabisNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) Enters Wellness and Relief Market via New CBDRelief Brand Launch

Plus Products (CSE: PLUS) (OTCQX: PLPRF), a California-based cannabis-products company, recently extended its portfolio into the wellness and relief market through the launch of its new CBDRelief brand. An article discussing the company reads, “‘We have seen compelling success with our core brand and are excited to take the next step towards becoming a true portfolio of brands with the launch of PLUS CBDRelief,’ PLUS co-founder and CEO Jake Heimark stated in a news release. ‘Last year we partnered with market structure research firm, HJR Associates, and found that when consumers used cannabis, over one-third of the time it was to address pain, stress or anxiety.’ . . . Thus far, the wellness and relief market has been underserved, and PLUS sees an opportunity to provide an innovative product line for consumers who are looking for relief. The new line consists of two products: PLUS CBDRelief 9:1 Tropical Mango and PLUS CBDRelief 18:1 Tart Cherry. This new product line delivers the highest CBD content per package for gummies in the California marketplace while still maintaining the brand’s identity of precision dosing and high-quality products.”

To view the full article, visit http://cnw.fm/zKA3G

About Plus Products Inc.

PLUS is a hemp and cannabis food company focused on using nature to bring balance to consumers’ lives. PLUS’s mission is to make cannabis safe and approachable, beginning with high-quality products that deliver consistent consumer experiences. PLUS is headquartered in San Mateo, California. For more information, visit the company’s website at www.PlusProducts.com.

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CannabisNewsBreaks – Delta 9 Cannabis Inc. (TSX: DN) (OTCQX: VRNDF) Implements Numerous Health and Safety Precautions, Maintains Continuous Operations Amid COVID-19 Outbreak

Delta 9 Cannabis (TSX: DN) (OTCQX: VRNDF) on Monday announced its implementation of numerous health and safety precautions to protect customers and staff while maintaining operations amid the COVID-19 outbreak. According to the update, the company has been able to maintain continuous operations of its retail stores, wholesale and business to business (“B2B”) units and has no current plans to shut down its businesses. Delta 9 management continues to focus on maintaining continuity of business while implementing certain policies and procedures, created based on the advice of federal and provincial health officials, to protect the health and safety of its customers and employees. “Throughout this unprecedented situation with the COVID-19 public health crisis, the Delta 9 team has continued to respond with the best interests of our customers, employees and the community in mind,” Delta 9 CEO John Arbuthnot said in the news release. “I am very proud of our team for their tireless work to quickly implement new policies and procedures to protect health and safety and to continue to provide a high level of service to our customers and to the communities in which we operate.”

To view the full press release, visit http://cnw.fm/0UkOk

About Delta 9 Cannabis Inc.

Delta 9 Cannabis Inc. is a vertically integrated cannabis company focused on bringing the highest quality cannabis products to market. The company sells cannabis products through its wholesale and retail sales channels and sells its cannabis grow pods to other businesses. Delta 9’s wholly-owned subsidiary, Delta 9 Bio-Tech Inc., is a licensed producer of medical and recreational cannabis and operates an 80,000 square foot production facility in Winnipeg, Manitoba, Canada. Delta 9 owns and operates a chain of retail stores under the Delta 9 Cannabis Store brand. Delta 9’s shares trade on the Toronto Stock Exchange under the symbol “DN” and on the OTCQX under the symbol “VRNDF”. For more information, visit the company’s website at www.Delta9.ca.

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CannabisNewsBreaks – Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Completes First Cannabis Shipment to Israel; Provides Corporate Update Regarding COVID-19

Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) this morning announced the successful completion of its first international cannabis shipment from Canada into Israel. Supreme Cannabis partnered with Israel’s largest producer of medical cannabis and cannabis products, Breath of Life International Ltd. (“BOL Pharma”), to offer Truverra-branded premium medical cannabis to patients in Israel. Additionally, the company provided a corporate update regarding COVID-19, in which it detailed its efforts to mitigate risk and manage disruption to its operations. Per the update, minor external business disruptions including supplier and third-party testing delays have extended the launch dates for 7ACRES’ whole flower pre-rolls and PAX pods for the PAX Era vaporizer. They are now anticipated to launch during fiscal Q4 2020. “This transaction represents a new international revenue opportunity for Supreme Cannabis and builds Truverra’s global medical brand in one of the most sophisticated medical cannabis markets in the world,” Supreme Cannabis Interim president and CEO Colin Moore stated in the news release. “With the support of BOL Pharma, we navigated both Canada and Israel’s complex regulatory landscapes to achieve compliance with regulatory authorities in both countries, including Health Canada, the Canadian Food Inspection Agency and Israel’s Ministry of Health and Ministry of Agriculture and Rural Development. We benefitted from BOL Pharma’s skilled team, international experience and solidified position as a leading medical cannabis company in Israel. As we pursue capital-light international opportunities, we will continue to look to Jeff Adams, Truverra’s CEO, and his exceptional team to build Truverra’s medical brand globally.”

To view the full press release, visit http://cnw.fm/i4UwQ

About Supreme Cannabis Company Inc.

Supreme Cannabis 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 by 7AC and Khalifa Kush Enterprises Canada. 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.

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