CannabisNewsBreaks – Canopy Rivers Inc. (TSX: RIV) (OTC: CNPOF) Subsidiary Modifies TerrAscend Canada Loan Terms

Canopy Rivers (TSX: RIV) (OTC: CNPOF), a venture capital firm specializing in cannabis, this morning announced that Canopy Rivers Corporation, a wholly-owned subsidiary of the company, has amended the terms of its recent US$10 million loan to TerrAscend Canada Inc., a wholly‑owned subsidiary of TerrAscend Corp. (CSE: TER) (OTCQX: TRSSF). The loan, announced October 2, 2019, included the purchase of 13,243 units, each of which was comprised of: (i) one unsecured convertible debenture of TerrAscend Canada with a principal amount of C$1,000 (the “debentures”), and (ii) 25.2 common share purchase warrants to purchase common shares of TerrAscend with an exercise price of C$6.49. Following the announcement of the loan and following discussions with the Toronto Stock Exchange (the “TSX”), Canopy Rivers, TerrAscend Canada, and TerrAscend decided to amend certain terms of the loan. Pursuant to the amended terms, the debentures have been converted into a C$13,243,000 loan agreement between Canopy Rivers and TerrAscend Canada. Interest on the principal amount advanced accrues at a rate of 6% per annum and all interest payments made are payable in cash by TerrAscend Canada. The loan is not convertible and is not guaranteed by TerrAscend. The principal amount matures on October 2, 2024 or an earlier date in accordance with the terms of the loan agreement. Additionally, TerrAscend has issued Canopy Rivers 2,225,714 common share purchase warrants that are exercisable upon the occurrence of certain triggering events, including (i) the amendment or removal of federal laws in the United States enabling the legal cultivation, distribution and possession of marijuana; and (ii) the stock exchange(s) on which securities of Canopy Rivers or its affiliates are listed permit the investment by Canopy Rivers in an entity that participates in the cultivation, distribution and possession of marijuana in the United States. The exercise price for the warrants, which expire on October 2, 2024, is C$5.95 each. The original warrants remain issued and outstanding.

To view the full press release, visit http://cnw.fm/X45dS

About Canopy Rivers Inc.

Canopy Rivers is a venture capital firm specializing in cannabis. Its unique investment and operating platform is structured to pursue investment opportunities in the emerging global cannabis sector. Canopy Rivers identifies strategic counterparties seeking financial and/or operating support. Canopy Rivers has developed an investment ecosystem of complementary cannabis operating companies that represent various segments of the value chain across the emerging cannabis sector. As the portfolio continues to develop, constituents will be provided with opportunities to work with Canopy Growth Corporation (TSX: WEED, NYSE: CGC) and collaborate among themselves, which Canopy Rivers believes will maximize value for its shareholders and foster an environment of innovation, synergy and value creation for the entire ecosystem. For more information, visit the company’s website at www.CanopyRivers.com.

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

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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420 with CNW – Jamaica is Helping Small Unlicensed Marijuana Growers to Go Legit

The Jamaican government is offering small-scale farmers who are cultivating marijuana illegally a way out by transitioning them into licensed growers in an effort to eliminate the black market.

Instead of punishing unlicensed growers, the government is helping them transition into the regulated marijuana market to raise awareness, eradicate poverty, and promote sustainable development in the country.

In a press release, the Jamaican Minister of Industry, Commerce, Agriculture, and Fisheries, Floyd Green said that the program (Alternative Development Plan) is focusing on community groups. Green further noted that they are starting with a group of weed farmers, where they provide the seeds, reduced requirements to participate in the program, and they also take them through a learning process.

Green further said that the Alternative Development Plan started in Accompong, St. Elizabeth, and farmers are currently cultivating marijuana and selling it to the medical marijuana sector. She noted that the farmers had grown a total of 44 pounds of cannabis so far.

Green declared that the program implementation has been successful.

In the press release, Green also said that the Alternative Development Plant will now be implemented in other communities to provide quality weed to the Jamaican medical marijuana industry.

The Marijuana Licensing Authority in Jamaica recently announced that it had been exploring a transitional licensing program that would allow small marijuana growers to grow and sell their weed to the medical sector for a maximum of 18 months before they are licensed.

Speaking on a Jamaican radio show, the CLA director of enforcement and monitoring, Faith Graham, said that since small-time farmers cannot afford a cultivator license, which is a must before one can grow marijuana, a transitional permit would be ideal for small scale marijuana farmers.

When Jamaica updated its Dangerous Drugs Act in 2015, it decriminalized marijuana.

Marijuana consumers are allowed to possess a maximum of 57 grams of weed or two ounces of dried marijuana bud; however, if they are caught having it in their possession while wandering out, they are at risk of being given a ticket of $3.

It is prohibited to smoke marijuana or cigarettes in public.

In 2018, locals and tourists had a place to buy and smoke marijuana as dispensaries started opening their doors. The dispensaries in Jamaica are likened to a doctor’s clinic or a coffee shop and hipster boutique. The dispensaries accept only cash.

Tree of Knowledge International Corporation announced that it would be the first marijuana company to be listed on the CSE and Jamaican Stock Exchange. Courtney Betty, who is the company’s consultant for international business development, said that they are hoping this move will attract new investors and strengthen the company’s access to the region.

Betty further said that TOK’s focus is on the treatment of pain using medical marijuana since Jamaica has some of the most potent pain-relieving marijuana strains, and the company wanted access to them.

Being listed on the Jamaican Stock Exchange would also appeal to the Jamaicans living in the diaspora who are looking for ways to invest, said Betty. She noted that being listed will therefore give them a broad investor base.

Industry watchers say that the approach taken to bring small growers into the legal cannabis industry is one that marijuana companies like Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) applaud since it spreads the opportunities to as many people in different communities as possible.

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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 – What US Marijuana Entrepreneurs Can Learn from Canadian Mistakes

The legalization of recreational marijuana in Canada took place in October 2018, and since then, the country has been facing a lot of issues, many of which offer valuable insights to entrepreneurs and government officials. Forewarned is forearmed; countries such as the United States and others looking for national legalization of adult-use marijuana should learn from Canada.

Discussed below are the lessons other countries should learn from the legalization of marijuana in Canada.

Marijuana Stocks were not Trading on Fundamentals

Investors looking to invest their money in marijuana stocks should be careful. According to the BBC, marijuana stocks in Canada have gone through several overwhelming changes, and the slow marijuana sales have led to a 17% drop in wholesale prices, which has, in turn, caused a dip in the prices of pot stocks for publicly traded cannabis companies.

Speaking to the BBC, the CEO of New Leaf Data Services, Jonathan Rubin, said that it was evident that the stocks were trading on fantasy, not fundamentals. He further said that there are frustrations that come with legalization, but marijuana legalization was not a failure.

According to the data which was quoted in the New York Times, marijuana stocks in the five major marijuana companies in Canada had a 56% drop in price in the first year of legalization. US entrepreneurs can learn to make investment decisions based on fundamentals rather than market sentiment.

Delay in Dispensary Approval by Governments

Since October 2018, Canada has been experiencing a stable increase in marijuana sales, but the stock has been rising at a rapid rate, which led to the oversupply of the product.

Besides, the government has been slow to approve dispensaries in the densely populated areas such as Ontario and Quebec; instead, they have been awarding the permits at a glacial pace, according to local media. This has forced customers who would have bought their cannabis products from the legal market to turn to the black market because the products are cheaper (no taxes) and readily available.

Here the entrepreneurs can learn about supply and demand. Cannabis business is about more than producing quality marijuana, but also about having suppliers who are good at packaging their products. They should also be good at marketing and managing the stock as well as setting smart prices.

Lack of Edibles

Canadian officials legalized marijuana before allowing the sale of edibles because they wanted time to establish rules around cannabis edibles, and this limited the potential for marijuana market growth because in the U.S., marijuana edibles saw an increased sales by 900 percent. They also give consumers additional ways to consume marijuana other than smoking.

According to the Financial Times, Canadian authorities are expecting a wave of insolvencies this year, but many are hoping that the introduction of marijuana-infused drinks and edibles will help the stocks to bounce back.

These challenges being faced by Canada should be a lesson to U.S. government officials and entrepreneurs, and other countries looking to legalize marijuana. Experts are sure that pot companies like Willow Bioscience Inc. (TSX: WLLW) (OTCQB: CANSF) are carefully taking note of all those issues and making adjustments so that they can thrive in these challenging times for the industry.

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CannabisNewsBreaks – Cannara Biotech Inc. (CSE: LOVE) (OTCQB: LOVFF) (FRA: 8CB) Receives Cultivation License for Purpose-Built Farnham Facility

Cannara Biotech Inc. (CSE: LOVE) (OTCQB: LOVFF) (FRA: 8CB), an emerging vertically integrated cannabis company focused on indoor cultivation, processing and medical sale of premium dried cannabis and cannabis derivatives under The Cannabis Act, recently announced the receipt of its cultivation license from Health Canada for Phase 1 of its purpose-built Farnham Facility, in Québec. “After many months of diligent preparation, today’s milestone will allow us to start cultivation immediately and to advance our goal of becoming the premiere grower of cannabis in Québec and in due course, the rest of Canada,” Cannara Biotech (Quebec) Inc. COO Barry Laxer said in the news release. “All of us would like to thank our construction team for delivering a state-of-the-art facility, along with the invaluable community support we have received. With a well-funded balance sheet, financially Cannara begins this next phase of our growth with strength and durable fundamentals.”

To view the full press release, visit http://cnw.fm/1n4LV

About Cannara Biotech Inc.

Cannara Biotech Inc. (CSE: LOVE) (OTCQB: LOVFF) (FRA: 8CB), is building one of the largest indoor cannabis cultivation facilities (625,000 square feet) in Canada and the largest in Québec. Leveraging Québec’s low electricity costs, Cannara Biotech’s Farnham Facility will produce premium indoor cannabis and cannabis-infused products for the Canadian and international markets. For more information, visit www.Cannara.ca.

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CBDNewsBreaks – No Borders, Inc. (NBDR) Files First Blockchain Provisional Patent for its CBD LabChain Platform

No Borders (OTC: NBDR) today announced that it has successfully filed the first blockchain provisional patent for its CBD LabChain platform. According to the update, the provisional patent, registered as Application Serial #62969531 with the USPTO on Feb. 3, 2020, now allows NBDR’s CBD LabChain platform to operate with “Patent Pending” identifiers and messaging. This marks the very first Patent Pending achievement for the No Borders family of companies and supports the company’s mission to impact shareholder value by building a valuable portfolio of IP assets. “It has been a long road to get to this day and I am stoked to share our first patent filing with the world! This filing marks a milestone for our Company and our amazing shareholders,” No Borders, Inc. CEO Joseph Snyder said in the news release. “We have consistently stated that No Borders is committed to building and owning a strong IP portfolio and I am proud that we have multiple Trademark approvals, in addition to this initial Patent filing. A giant thank you to both Chris Brown and the No Borders Labs teams as well as Andrew Coldicutt and Keith Alan Miller for the legal work they put in to get our filings prepped and really doing an amazing job on behalf of No Borders, Inc.”

To view the full press release, visit http://cnw.fm/EuGR8

About No Borders Inc.

No Borders, Inc. (OTC: NBDR) is a multifaceted corporation specializing in the acquisition, creation and scaling of commercial and consumer products by utilizing cutting-edge technologies to reduce costs while increasing revenues and shareholder value through technological superiority and Intellectual Property ownership across its portfolio of assets. The Company’s portfolio of brands includes:

No Borders Naturals Inc., a purveyor of health and wellness products for active consumers and their pets. (NoBordersNaturals.com)
No Borders Labs Inc., which provides leading-edge tech tools to NBDR internal companies while also offering consulting, architecture and software development services to external businesses looking to update their technology infrastructure for greater efficiency, security and transparency (NoBordersLabs.com).
CBDLabChain.com a powerful, Patent Pending tool to demonstrate in an unbiased and unchangeable way a clear sense of security to consumers of CBD products by recording Certificate Of Authority (COA) on a blockchain technology platform.
No Borders Dental Resources Inc., a provider of equipment and supplies to medical and dental professionals across the U.S. through the trade name MediDent Supplies (MediDentSupplies.com).

No Borders is headquartered in Arizona with resources in the U.S., South America, Asia and Europe. For more information, visit the Company’s website at www.NBDR.co.

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

About CBDWire

CBDWire (CBDW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CBDNewsBreaks 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, CBDW 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. CBDW 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, CBDW brings its clients unparalleled visibility, recognition and brand awareness. CBDW is where news, content and information converge.

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420 with CNW – Hotels Still Unsure About How to React to Marijuana Legalization

One major part of the travel industry is the hotel, and with the legalization of marijuana taking place in more and more states in the U.S., hotels are facing several challenges concerning marijuana consumption.

They are faced with the issue of figuring out how to allow their guests to partake in marijuana consumption within their properties, training and drug testing their staff, and how to deal with the changing marijuana laws.

The principal of Woodmont Lodging said that the emerging trend, marijuana, is not going away, and it can be likened to casinos when they were trying their push countrywide.

Medical marijuana is legal in 33 states, while recreational cannabis is legal in 11 states, and it is okay for people above the age of 21 to partake in the act of marijuana cultivation, possession, and consumption.

In the U.S., marijuana is still listed under Schedule 1 of the Controlled Substance Act, meaning that it is federally illegal. Heroin, LSD, peyote, and ecstasy are also considered as federally unlawful.

In 2013, Deputy Attorney General Jim Cole who was working under President Barack Obama’s administration issued a directive to the federal prosecutors and told them not to interfere with states that have marijuana-friendly state laws.

President Trump’s stand on marijuana laws is uncertain because, in August, he said that he would let states decide on whether or not to legalize marijuana, but in December, Trump said that he has the authority to overlook Cole’s directive.

Jim Butler, who is a hotel lawyer, said that even though federal officials tend to ignore activities that violate the federal law but comply with state law, it is not reliable protection. Butler is also the chairman of a global group which represents hotel owners and developers. The group is called Jeffer Mangles Butler & Mitchell LLP.

Butler further said that the reputation of a hotel could be tarnished if charged with breaking federal law; for instance, it could lose its liquor license or banking relationship because banks are federally insured and may want to abstain from working with such hotels dealing with federally illegal substances.

However, guests are not deterred from using marijuana when traveling around the state because of the confusion plaguing the hotel sector. Most of the hotels have a no-smoking policy, but marijuana edibles can be ingested and have no smell.

Some hotels are experimenting with CBD-infused products in their foods, beverages, and other products. These hotels include James New York NoMad and the Standard.

Butler further said that hoteliers have many questions among them about the products and services they could provide to attract more customers and give them a competitive edge.

The partner and chair of the Hospitality, Alcohol, and Leisure Industry Group at Greenspoon Marder LLP Louis Terminello said that currently in the U.S., there are a few hotels that are marijuana-friendly in states where recreational marijuana is legal.

Terminello further said that some hotels turn a blind eye to their guests smoking marijuana, but as the issue evolves, hotels must have a place where guests can smoke freely and comfortably.

Analysts are sure that the entire cannabis industry, including players like ChineseInvestors.com Inc. (OTCQB: CIIX), would be pleased if the federal government clarified what hotels can or cannot permit in states where marijuana is legal in some form.

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420 with CNW – Missouri Advocates Launch 2020 Marijuana Legalization Signature Drive

On Thursday, Marijuana advocates in Missouri officially launched a campaign to put adult-use marijuana legalization on the November ballot.

The measure requires 160,199 valid signatures to be entered in the 2020 ballot, and Missourians for a New Approach announced that they have started collecting the signatures to qualify the measure. Their announcement comes a month after the secretary of state certified the ballot titles and gave the go-ahead for signature collection.

The legislation provides that individuals aged 21 and above would be permitted to carry and purchase marijuana from licensed retailers. They could also grow a maximum of three plants for personal consumption.

The measure also provides that all marijuana sales would be subjected to a 15% tax, and proceeds from the tax would be used to fund veteran services, drug misuse treatment, and prevention projects. According to the state fiscal analysis estimation, by 2025, a regulated marijuana market would be able to generate $155 million yearly.

The legislation would also allow for the expungement and resentencing of people previously convicted of marijuana-related crimes.

The Missourians for a New Approach campaign manager John Payne said in a press release that eleven other states, including neighboring Illinois, have successfully regulated and taxed recreational marijuana, enabling those states to benefit from taxes on marijuana sales. Payne further said that the residents of Missouri are in favor of recreational marijuana legalization, taxing, and regulating its consumption and that they are excited that voters will have a chance in November to decide on the measure.

The group is supposed to submit enough signatures not later than May 3, and the Missourians for a New Approach campaign efforts are backed by the Marijuana Policy Project (MPP) and New Approach PAC. The campaign is lead by Payne, who was also involved in the successful medical marijuana legalization, which was approved by voters in 2018.

At the beginning of January, Missouri NORML and all of the state’s local chapters voted in favor of the legislation.

Missouri’s NORML state coordinator Dan Viets said that it is time to stop treating marijuana consumers like criminals. He also said that the state should regulate and tax marijuana just like they do with alcohol. Viets is also the Missourians for a New Approach Board Chair.

Local governments would be allowed to prohibit recreational marijuana businesses within their jurisdiction until the next general election after the 2020 elections. Afterward, local governments can prohibit marijuana businesses via voter approval.

If their campaign is successful, Missouri will be among the growing number of states such as Mississippi, South Dakota, and New Jersey looking to legalize marijuana through the ballot.

Marijuana advocates predict that before the elections, other states will place their initiatives on the ballot.

Many industry watchers believe that pot companies like MCTC Holdings Inc. (OTC: MCTC) are optimistic that the campaigners will succeed in getting the measure on the ballot, and that voters will also support full legalization.

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CannabisNewsBreaks – LiveWire Ergogenics Inc. (LVVV) Prevails in Long-Lasting Lawsuit with New York Lender

LiveWire Ergogenics Inc. (OTC: LVVV), a health and wellness company with a focus on special purpose real-estate acquisitions and the licensing and management of high-end and permitted facilities and operations to provide cannabis-based products and services in California, announced that it has prevailed in a long-lasting lawsuit with America E Group. According to the update, United States District Court Judge Gregory H. Woods of the United States District Court for the Southern District of New York on January 28, 2020, issued an opinion and order in the action entitled, American E Group LLC v. Livewire Ergogenics Inc. (18-civ-3969) that granted Livewire Ergogenics Inc’s (“Livewire”) motion to dismiss all of Plaintiff American E Group’s (“AEG”) claims against Livewire. The Court additionally denied AEG any attempt to reassert its claims because any attempt to do so would be “futile.” AEG’s dismissed claims sought, as consideration for a loan that had been made to the Company, the recovery of principal and interest and issuance of Livewire stock; however, The Court held that AEG’s loan to Livewire was criminally usurious and, therefore, void under New York law. Livewire’s counterclaims against AEG for aiding and abetting breach of fiduciary duty, breach of implied covenant of good faith and fair dealing and civil conspiracy are still pending.

To view the full press release, visit http://cnw.fm/LA5yE

About LiveWire

LiveWire Ergogenics, Inc. (LVVV) specializes in identifying and monetizing current and future trends in the human and veterinary health and wellness industry. The Company is focused on acquiring, managing and licensing specialized “closed loop” turnkey cannabis real estate locations of fully compliant and permitted turnkey facilities to produce cannabis-based products and services in California and the state-wide distribution of these products. This includes verification of zero pesticide products for quality brands via its “7X Pure” Cannabis Verification System, the development, licensing and distribution of legal and high-quality cannabinoid-based products and services and the creation of the high-quality “Estrella Weedery” brand. LiveWire Ergogenics does not produce, sell or distribute products that are in violation of the United States Controlled Substance Act. For more information, please visit: www.LiveWireErgogenics.com.

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

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 – Jushi Holdings Inc. (CSE: JUSH) (OTCQX: JUSHF) Announces Upsizing of Financing, Working Capital to Continue Progress on Growth Objectives and Expansion Efforts

Jushi Holdings (CSE: JUSH) (OTCQX: JUSHF), a globally-focused, multi-state cannabis and hemp operator, today announced the receipt of $35.65 million in proceeds and $9.56m of exchanged debt in connection with the Company’s previously announced debt financing. “We are pleased with the upsizing of our financing providing working capital that will allow Jushi to continue making progress on its growth objectives and expansion efforts into 2020 and beyond,” Jushi Chairman and CEO Jim Cacioppo said in the news release. “This capital will support our continued investment in each territory we are currently operating in, positioning Jushi to achieve US$200 to $250 million in revenue in 2021.”

To view the full press release, visit http://cnw.fm/06BiO

About Jushi Holdings Inc.

Jushi Holdings is a globally focused cannabis and hemp company led by an industry leading management team. In the United States Jushi is focused on building a multi-state portfolio of branded cannabis and hemp-derived assets through opportunistic acquisitions, distressed workouts and competitive applications. Jushi strives to maximize shareholder value while delivering high quality products across all levels of the cannabis and hemp ecosystem. For more information, please visit www.JushiCo.com.

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CannabisNewsBreaks – MCTC Holdings, Inc. (MCTC) Appoints Cannabis Industry Veteran Robert L. Hymers III as its Chief Financial Officer

MCTC Holdings (OTC: MCTC), a cannabinoid science forward company developing unique hemp infusion technologies, today announced its addition of cannabis industry veteran, Robert L. Hymers III, as its chief financial officer. Hymers, who currently serves as a director of the Company, brings an extensive background in corporate finance, treasury, financial planning and analysis, tax, investor relations, strategic planning and risk management along with a deep understanding of the hemp and cannabis industries. “The addition of Robert Hymers to the management team significantly strengthens our Company,” MCTC Chief Executive Officer Arman Tabatabei said in the news release. “He brings a unique combination of financial knowledge, executive insight and managerial talent that will help us not only in financial reporting and compliance, but also relative to both strategic planning and tactical execution. We welcome Robert to his new role with the MCTC family.”

To view the full press release, visit http://cnw.fm/3vPYD

About MCTC Holdings, Inc.

MCTC Holdings, Inc. (d/b/a: Cannabis Global) is a Delaware 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, MCTC 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. More information on the Company can be viewed 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

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