CannabisNewsBreaks – Champignon Brands Inc. (CSE: SHRM) Enters Definitive Agreement to Acquire Craft Mushroom Cultivator Artisan Growers Ltd.

Champignon Brands (CSE: SHRM), a wellness company specializing in medicinal mushroom and mushroom-infused products, continues to advance its vertical integration through the addition of craft mushroom production, manufacturing and research capabilities. On Friday, the Company announced its entry into a definitive agreement to acquire Artisan Growers Ltd., a British Columbia based craft mushroom cultivator and supplier. Artisan Growers utilizes a variety of techniques and infrastructure to produce premium craft mushrooms, operating a craft cultivation facility capable of producing an assortment of organic varietals including Lion’s Mane, Chaga, Reishi and Agaricus Blazei. According to the update, Champignon plans to integrate Artisan Growers’ craft mushroom production capacity into its existing medicinal mushroom manufacturing, formulation and distribution infrastructure in continued control of its supply chain directly to the end user. “With the acquisition of Artisan Growers, we continue to optimize our upstream, downstream and distribution capabilities, all the while securing valuable infrastructure to expedite our R&D pursuits,” Champignon Brands Chief Executive Officer Gareth Birdsall said in the news release. “Over the coming quarters we will tactically execute on our stated business plan and look to also emerge as a best-in-class vertically integrated medicinal mushroom extract formulator, integrating alternative medicine, clinical research and vocational rehabilitation into the Company’s current product portfolio.”

To view the full press release, visit http://cnw.fm/ktz4J

About Champignon Brands Inc.

Champignon Brands has positioned itself to rapidly become a global force as a vertically integrated producer of artisanal medicinal mushrooms and associated products. The Champignon team is focused on enhancing the health and wellness of millions of consumers who can benefit from its premium suite of organic, sustainable and non-GMO mushroom and mushroom-infused formulations. For more information, visit www.Champignonbrands.com.

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

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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HempNewsBreaks – SinglePoint, Inc. (SING) Receives Multiple Orders for New Hemp Seed Oil Infused Hand Sanitizer

SinglePoint (OTCQB: SING) recently launched Klen Hands, a moisturizing hand sanitizer with 62% ethyl alcohol to keep hands clean and hemp seed oil to keep hands soft and hydrated. Since the initial soft launch on Friday, March 13, 2020, the company has secured multiple orders for Klen and anticipates that to continue as the demand for cleaning and disinfect products continues to exceed current supply. “It is beneficial that we have a manufacturing facility already making other CBD/Hemp products and the relationships to quickly get supplies. This product is the right time and the right place. We are very happy with how quickly we were able to put it all together and believe this product will be on retail shelves year-round as a permanently stocked item. Our goal is to fulfill orders rapidly to assist retailers in providing an additional, differentiated product that meets current market demand. We will continue to build out the product mix as the market settles back in. Our management team has deep ties to Washington State, the hardest hit area to date in the United States and we plan to launch additional resources to help combat this virus and help provide reliable information to consumers and the general public,” SinglePoint CEO Greg Lambrecht stated in the news release.

To view the full press release, visit http://cnw.fm/8wJfn

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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HempWireNews (HWN) is a dedicated information provider focused on (1) aggregating hemp-related news, (2) issuing HempNewsBreaks designed to update investors on the latest developments in the hemp market, (3) enhancing corporate news releases, (4) providing full-service distribution and social media offerings to public and private client-partners and (5) designing and implementing all-inclusive corporate communication solutions. HNW is strategically positioned within the rapidly expanding hemp sector with a team of journalists working to help a growing roster of public and private companies reach a wide audience of investors, consumers and members of the media. We leverage a vast network of more than 5,000 key syndication outlets to deliver unparalleled visibility, recognition and content to the hemp industry. HempWireNews (HWN) is where HEMP news, content and information converge.

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420 with CNW – Tennessee Legislators Table Medical Marijuana Bill

A bill which is seeking to legalize medical marijuana has been introduced in Tennessee’s House of Representatives by legislators. The bill, called House Bill 637, would permit patients with one or more conditions on the list of qualifying conditions to use medical marijuana. It would also establish a regulatory framework for the production and distribution of medical marijuana products.

A Republican Rep. Ron Travis and a Democrat Rep. Jason Hodges introduced this year’s measure. Earlier this year, Republican Sen. Janice Bowling, reintroduced a similar bill in the Tennessee Senate.

Last year, Senator Bowling also introduced a similar bill during the legislative sessions, but the legislators opposed it.

HB 637 is also known as the Tennessee medical marijuana Act. It would allow patients with serious medical ailments to use medical marijuana. The patients would first have to obtain a physician’s approval (recommendation), or documentation showing that their diagnosis qualifies to be treated using medical marijuana.

The following are some of the medical conditions that could allow patients to have to access to medical marijuana:

Cancer
Crohn’s disease
Glaucoma
Epilepsy
Chronic radiculopathy
HIV/AIDS
Muscular Sclerosis, Opioid addiction
Renal failure
Severe nausea
Chronic pain
Persistent muscle spasm
Seizures
Post-traumatic stress disorder
Severe psoriasis
Psoriatic arthritis
Any medical condition producing cachexia
Post-laminectomy syndrome
Terminal illnesses
End-of-life care management or palliative care
Complex pain syndrome such as trigeminal neuralgia, and amyotrophic lateral sclerosis.
Parkinson’s disease
For patients younger than 18 years, they can use medical marijuana if they have the following conditions, cerebral palsy, cystic fibrosis, muscular dystrophy, and osteogenesis imperfecta.

The patients are required to obtain medical marijuana cards from the state to buy, possess, and use medicinal cannabis. Medical marijuana cards are active for two years with a single option of renewal after they expire.

Under HB 637, the state would establish a commission referred to as the Medical Cannabis Commission, which would be responsible for regulating the cultivation, manufacturing, and sale of medical marijuana products. The state would also create a medical marijuana fund that would finance the administration of the program.

Forty-five percent of the tax proceeds from the retail sale of medical marijuana products would be assigned to the medical marijuana fund to cover all regulatory expenses; 20 % would be assigned to the Department of Economic Community Development for rural and community development programs in Tennessee. A quarter of the tax proceeds (25%) would be allotted to the Department of Agriculture in the state to fund programs and grants from the agency. And the last 10% would be used to finance drug enforcement operations carried out by the Bureau of Investigation in the state against opioid and methamphetamine.

If the bill is approved, Tennessee would be the 34^th state to legalize medical marijuana. Last week on Tuesday, the House Facilities, Licensure, and Regulations Committee approved a bill legalizing marijuana oils, lotions, and pills although, it banned smokable pot, vapes, and edibles. However, the following day, the Senate Health and Welfare Committee delayed deciding on the measure.

Experts think that numerous companies, such as HTC Extraction Systems (TSX.V: HTC) (OTCQB: HTPRF), may be hoping that the legislation is passed so that patients can have an additional treatment option to manage their health conditions.

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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 – Why Have a Medical Cannabis Card if Recreational Pot is Legal?

With more and more states legalizing medical marijuana, and the laws differing from state to state, medical marijuana cardholders and applicants should review state and local regulations to avoid breaking them.

As recreational marijuana laws within the states are passed, the state medical marijuana programs tend to suffer. Data from medical marijuana programs in Colorado and Oregon show that the number of patients in the MMJ database started declining months and years after its legalization of recreational marijuana. Although the medical market still serves its purpose, the purchasing of marijuana shifts towards the recreational market. Depending on state laws, medical marijuana cardholders continue to enjoy the benefits of being part of the state’s medical marijuana program.

Below are the benefits medical marijuana cardholders might enjoy even after the legalization of recreational marijuana.

Priority over Recreational Customers

Having a medical marijuana card gives you precedence over recreational consumers.

Compared to recreational customers, medical marijuana patients must be served immediately in case of any shortages. This provision was passed in Nevada and Illinois, as they allowed medical marijuana patients to bypass the long lines in the dispensaries, which make buyers to take several hours to be served. In such cases, patients are advised to contact a staff member for medical patient access.

Besides, Illinois gives priority to the medical market when supplying cannabis.

Taxes

Depending on the state, medical cardholders are provided with tax breaks. In some states, medical marijuana cardholders do not pay any fee, while in other states, they are provided relief on pricey marijuana, as well as waivers on additional excise taxes.

Accessibility of Adult-Use Shops by Underage Patients

Patients who are approved by the state can enter and purchase medical marijuana products from the retail stores. If a consumer does not have a medical marijuana card, they must wait until they are either 18 or 21 depending on the state’s medical marijuana program provisions.

Also, underage patients cannot go to a dispensary alone to buy medical weed; they must be accompanied by their guardian or designated caregiver.

The Products are More Potent than for the Adult-Use Market

Some medical marijuana patients require a higher dosage of marijuana than the permitted dosage for the recreational market. Therefore, if they were to buy from the recreational market, it would mean that they would not get relief from their medicine. However, with a medical marijuana card, some states waive the limit placed on purchasing, allowing medical marijuana patients to access products that would otherwise be unavailable to the recreational market.

As you can see, many reasons exist to explain why you still need to get a medical marijuana card even if recreational marijuana has been legalized where you live. Experts say you could also learn a lot about these two pot markets (recreational vs. medical sector) by reading the information put out by various companies, such as Willow Biosciences Inc. (TSX: WLLW) (OTCQB: CANSF).

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CannabisNewsBreaks – Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Focused on Driving Near-Term Revenue

Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1), a company committed to providing premium-cannabis brands and products, recently provided an update on its strategy and outlook for the remainder of fiscal 2020. An article discussing the company reads, “Supreme Cannabis reiterated its strategy to transition from a business-to-business model to a consumer-facing, premium-cannabis business. A focus on expanding its consumer-facing product portfolio is expected to drive near-term revenue with new high-quality brands and products for a variety of consumers hitting the market in the coming months. This expanded portfolio will be supported by an innovative sales model that achieves comprehensive distribution to cannabis retailers across Canada. . . . ‘As we realign our structure and expectations with the current state of the industry, I maintain my strong belief in Supreme Cannabis’ ability to drive near-term revenue growth, profitability and long-term value with new high-quality brands and products at every key price segment,’ Supreme Cannabis interim president and CEO Colin Moore stated in a news release. ‘I’m proud of the team’s progress and difficult work rightsizing the company’s cost structure and focusing the business on near-term revenue drivers. As one of the few licensed producers with completed cultivation infrastructure and in-house, value-added processing capabilities, as well as proven premium brands in the recreational market, we are well positioned to accelerate our CPG-focused transition. Our strong liquidity position, including the credit facility arranged by a tier-one bank, further ensures we have the capital necessary to execute going forward.’”

To view the full article, visit http://cnw.fm/qGu6p

About Supreme Cannabis Company Inc.

Supreme Cannabis (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) 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.

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

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CannabisNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) Broadening Portfolio to Reach New Demographics

Plus Products (CSE: PLUS) (OTCQX: PLPRF), a cannabis and hemp-branded products company in California, recently reported plans to increase its brand portfolio in Q1 2020 to target consumers beyond its main demographic (http://cnw.fm/7AcMk). An article further discussing the company’s growth plan reads, “According to the company’s investor presentation, PLUS expects to release two new lines this year: one falling in the get-high, have-fun space and one falling in the wellness/relief category. Specific details are still to come, but PLUS has built a reputation for producing superior products that become top sellers within months of release.”

To view the full article, visit http://cnw.fm/JwcY1

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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HempNewsBreaks – SinglePoint, Inc. (SING) Launches Hand Sanitizer Infused with Hemp Seed Oil

SinglePoint (OTCQB: SING) today announced the launch of Klen Hands. Customers can subscribe and preorder now, and shipments are expected to leave the company’s Carlsbad facility in approximately 10 business days. There is a limited supply, which the company anticipates will sell out quickly. The hand sanitizer has 62% ethyl alcohol to keep hands “klen” (clean), as well as hemp seed oil to keep hands soft and hydrated. “We are working to develop solutions for both product and technology in order to assist in the effort of combating COVID-19. As many people know our company has deep ties to the Washington State area. We believe we can provide solutions in the near term to help with the dissemination of current, reliable information and in the interim use our facilities to develop products such as hand sanitizer. We will be releasing additional resources for individuals in the coming weeks,” SING CEO Greg Lambrecht stated in the news release.

To view the full press release, visit http://cnw.fm/fN1ZQ

About SinglePoint Inc.

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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CBDNewsBreaks – ChineseInvestors.com Inc. (CIIX) CEO Unveils New CBD Products 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 discussed the launch of two new products through the company’s China-based subsidiary, CBD Biotech. Wang unveiled details, referring to a recent press release, and further discussed the company’s new hemp-infused spray, designed to create an isolating barrier in public places.

To view the full press release, visit http://cnw.fm/8xVhc

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.

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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 – SinglePoint, Inc. (SING) CEO Discusses Successful NYC Trip 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 discussed a successful NYC trip. “As a lot of the shareholders know, this is going to be two years now that SinglePoint is fully reporting and, as discussed before, it looks like we’re going to show revenues of $3.3 million,” Lambrecht said during the program. “In going to New York this time, we were able to get five or six meetings with mid-tier investment groups, and they’re very interested in SinglePoint and taking us to the next exchange, whether that’s the Nasdaq or the New York Stock Exchange.”

To view the full press release, visit http://cnw.fm/Z4Pob

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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 – Canada Defends Cannabis Legalization Amidst International Skepticism

Canada has defended marijuana legalization amidst global scorn and said that since legal marijuana sales started in 2018, the black market has lost about 30% of its market share to the legal market, and the frequency of marijuana consumption has not changed among the youths as well as the young adults.

Last week on Monday, the director-general for Health Canada Michelle Boudreau delivered the remarks above to the UN Commission on Narcotic Drugs. Boudreau’s comments show that Canada’s decision to legalize marijuana was of benefit for public health, irrespective of the ongoing criticism from some countries.

Canada approved the legislation legalizing recreational marijuana nationwide in 2018. This move undermined international drug treaties that prohibit marijuana legalization, but still, Canada proceeded with the legalization.

Boudreau also encouraged other countries to legalize marijuana in her remarks, and this riled the UN officials. However, she retorted against international concerns that cannabis legalization would compromise public health and the young generation.

According to a written copy of her remarks, Boudreau further noted that the black market has already lost 30% of its market share, which is equivalent to $2 billion in sales that did not go to the criminal organizations. She also said that they have not seen any increase in the overall size of the illicit market.

The initial data shows that the frequency of marijuana consumption among the youth and young adults has not changed, and the country has not noticed an increase in trafficking marijuana across international borders since legalization.

Boudreau further said that they would continue gathering and evaluating data to determine the impact of Canada’s new regulatory frameworks as well as ensuring that the data is used in future decision making.

In its annual report, the UN International Narcotics Control Board expressed skepticism around marijuana legalization and said that it is concerned with the legislative developments allowing the use of marijuana for recreational purposes as this is in contradiction with the drug control policies and commitments made by the state parties. The UN further wrote that cannabis could be harmful to the health and wellbeing of individuals, especially the young generation.

There is a possibility of the global drug policy changing in the near future since many agencies, including the president of INCB, Cornelis .de Joncheere is wondering if the provisions are out of date. The global ban on marijuana legalization is contained in the 1961 Single Convention on Narcotic Drugs, and those provisions prohibiting marijuana legalization are nearly 60 years old.

In her remarks to the UN, Boudreau said that her country is making an effort to reduce the stigma surrounding marijuana consumption by including members of the civil society who have lived with as well as those still living with the experience of substance abuse in their delegation.

Boudreau further said that although her country is violating international agreements on marijuana legalization, they have a strong partnership with the UN Office on Drugs and Crime, where they help fight illegal trafficking of opioids, their precursors, as well as other synthetic drugs through Smart Lab and AIRCOP projects. Canada also contributes to the Container Control Program, which helps in the seizure of illegal drugs and the interception of cash couriers.

It would be eye-opening to hear what established companies like MCTC Holdings Inc. (OTC: MCTC) have to say about the spirited defense that Canada put up against the criticism leveld at it by the international community.

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