420 with CNW – Five Reasons Pennsylvania is Experiencing a Medical Marijuana Drought

A 21-year-old Dalton Hunsberger, who has Perkasie man’s epilepsy, uses medical marijuana to treat his seizures, nausea, and anxiety. However, according to his mother, it has been a challenge accessing the medicine for the past two months, because it sells out the minute it gets to the dispensaries.

According to several dispensary owners, Pennsylvania is on the brink of medical marijuana drought, which has prompted dispensaries to ration marijuana sales. A dispensary in Fishtown, Restore Integrative Health Care, has issued a limit of 7g limit per patient every day, 14g limit per day at Keystone in South Philadelphia and 28g in TerraVida Holistic Centers in Abington caps.

According to the CEO of Keystone Dispensaries, rationing was instituted so that more people could get access to medicine. The Department of Health in Pennsylvania is responsible for overseeing and regulating marijuana markets. Nate Wardle, the spokesperson of the department of health, say that Cannabis shortage is due to the ever-growing state medical marijuana program.

In Pennsylvania, there 60 plus cannabis retail shops which cater to more than 200,000 registered patients. According to the patients and patients’ advocates, the Department of Health which regulates marijuana markets is to blame for not anticipating the rise in demand; and for not ensuring that there are enough marijuana growers to meet the patients’ needs.

According to industry observers, medical marijuana drought is not only as a result of lack of expertise in regulating the fast-growing industry by state officials but also because;

  1. Some Marijuana Growers are not Cultivation the Crop

The number of growers in the state stays constant, while the number of patients and dispensaries continues to increase. In a state where there should 25 medical marijuana growers, only ten growers are active two years after attaining grower permits.

Pennsylvania awarded the first 12 permits in June to farmers, but only a few were qualified to proceed as some lacked the expertise while others did not have the financial capability to maintain plant growth.

Agrimed LLC was among the first to get the permit; however, the state has no plan of renewing the license because the company has not supplied the state with marijuana citing theft of the marijuana plants. Another company was Readings Franklin Lab who immediately after getting the permit tried to flip it for $20 million. Currently, the two companies are controlled by Harvest Inc. of Arizona, a beleaguered marijuana company.

The second round of permits was issued in July 2018, where the awarded companies promised to start supplying in a period of six months. However, none of them has shipped marijuana in over a year.

  1. Increased Number of Dispensaries

The number of approved dispensaries continues to skyrocket from the initial 43 at the beginning of the year to the present 67 of which 60 are fully operational. All dispensaries must be stocked with all the medicines from buds, vapes, oils, and concentrates. The dispensary owners are struggling to maintain inventory due to the increased competition.

  1. Increased Number of Registered Patients

When medical marijuana was approved, there were 17 qualifying conditions, but currently, there are 23 conditions. Among the qualifying conditions added are anxiety, opioid-use disorder, and Tourette’s syndrome. More than 3,000 patients registered when anxiety was approved. This put pressure on the existing supply of medicine.

  1. Patients are Ordering More Buds Instead of Vapes

Patients are ordering buds since they are cheaper than vapes. More so, because vaping has been linked to a lung ailment, even those who could afford the vape products are switching to dry flower, a reality that has caused a supply shortage.

  1. Presence of Mold, Microbial Spoilage that Results in no Harvest

In the months of July and August, Pennsylvania experienced a sudden onset of humidity which affected their crop significantly, resulting in little or no product to take to the market due to the damage by mold.

Experts believe that experienced marijuana industry players like Sproutly Canada Inc. (CSE: SPR) (OTCQB: SRUTF) (FRA: 38G) and The Supreme Cannabis Company Inc. (TSX.V: FIRE) (OTCQX: SPRWF) may have solutions to the medical marijuana production challenges being faced in Pennsylvania and the players there could do well to consult.

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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CBDNewsBreaks – HTC Extraction Systems (TSX.V: HTC) Achieves Growing Revenues in Q2; Develops CBD FSO Distillate Operation

HTC Extraction Systems (TSX.V: HTC), a gas, liquids and biomass extractor and refiner, recently reported financial results for the second quarter and six-month period ending June 30, 2019 (http://cnw.fm/t2btS). An article discussing the company reads, “HTC Extraction Systems recorded an increase in same-period, year-over-year revenues from operations during the first six months of 2019, rising from $560,260 to $1.85 million, according to unaudited interim condensed consolidated financial results. . . . HTC and its subsidiaries are dedicated to developing their proprietary extraction and purification systems for removing cannabidiol full-spectrum oil (CBD FSO) distillate from acquired hemp biomass and making the remaining hemp byproducts, including other cannabinoids, available for singulation and sale to the cannabinoid pharmaceutical market.”

To view the full article, visit http://cnw.fm/8kJWk

About HTC Extraction Systems

HTC Extraction Systems has developed proprietary hemp-biomass, gas and liquid extraction systems that have been designed for the extraction of hemp biomass and the distillation and purification of ethanol and ethanol-based solvents used for this extraction. The HTC Extraction System(TM) has been engineered to reduce capital and operating costs while at the same time delivering superior performance by reducing energy usage, lowering emissions and improving the quality of the product being produced. For more information, visit the company’s website at www.HTCExtraction.com.

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

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 – Canopy Growth Corp. (TSX: WEED) (NYSE: CGC) Acquires Majority Stake in Biosteel Sports Nutrition, Inc.

Canopy Growth Corp. (TSX: WEED) (NYSE: CGC) announced today that it has completed an all-cash transaction to purchase a majority stake in leading producer of sports nutrition products BioSteel Sports Nutrition, Inc. The deal was highlighted in an article authored by Michael Berger on Technical420.com titled, ‘Canopy Growth Announces Purchase of Majority Stake in Biosteel Sports Nutrition Inc’. Per the article, the transaction offers a substantial platform for Canopy Growth to enter the scports nutrition and hydration segment. “BioSteel has a reputation for being a best-in-class provider of natural sports nutrition products and all of its products are well positioned to benefit from the increasing trend of plant-based and all-natural products, preferred not only by professional athletes, but active consumers as well,” Canopy Growth CEO Mark Zekulin stated in the article. “This acquisition allows us to enter the sports nutrition space with a strong and growing brand as we continue towards a regulated market of food and beverage products that contain cannabis. We view the adoption of CBD in future BioSteel offerings as a potentially significant and disruptive growth driver for our business.”

To view the full article, visit http://cnw.fm/Xg7W8

About Canopy Growth Corporation

Canopy Growth is a leading diversified cannabis, hemp and cannabis device company, offering distinct brands and curated cannabis varieties in dried, oil and Softgel capsule forms, as well as medical devices through the company’s subsidiary, Storz & Bickel GMbH & Co. KG. From product and process innovation to market execution, Canopy Growth is driven by a passion for leadership and a commitment to building a world-class cannabis company one product, site and country at a time. The company has operations in over a dozen countries across five continents. The company’s medical division, Spectrum Therapeutics is proudly dedicated to educating healthcare practitioners, conducting robust clinical research, and furthering the public’s understanding of cannabis, and has devoted millions of dollars toward cutting edge, commercializable research and IP development. Spectrum Therapeutics sells a range of full-spectrum products using its colour-coded classification Spectrum system as well as single cannabinoid Dronabinol under the brand Bionorica Ethics. The company operates retail stores across Canada under its award-winning Tweed and Tokyo Smoke banners. Tweed is a globally recognized cannabis brand which has built a large and loyal following by focusing on quality products and meaningful customer relationships. From the company’s historic public listing on the Toronto Stock Exchange and New York Stock Exchange to its continued international expansion, pride in advancing shareholder value through leadership is engrained in everything Canopy Growth does. Canopy Growth has established partnerships with leading sector names including cannabis icons Snoop Dogg and Seth Rogen, breeding legends DNA Genetics and Green House Seeds, and Fortune 500 alcohol leader Constellation Brands, to name but a few. Canopy Growth operates eleven licensed cannabis production sites with over 5.2 million square feet of production capacity, including over one million square feet of GMP certified production space. For more information, visit the company’s website at www.CanopyGrowth.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.

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CannabisNewsBreaks – MCTC Holdings, Inc. (MCTCD) Announces Efforts to Advance Cannabinoid Delivery Science via Polymeric Cannabinoid Nanoparticles and Nanofibers

MCTC Holdings (OTC: MCTCD, MCTC) on Monday announced details on its efforts to advance cannabinoid delivery science via polymeric cannabinoid nanoparticles and nanofibers. According to the update, the company is collaborating with two Contract Research Organizations (“CRO”), which continue to make advances in both cannabinoid nanosciences and toward productization of these and related technologies. MCTC plans to market and license numerous products that will offer superior bioavailability, sustained release properties and customization of cannabinoids combinations. “Our R&D program is squarely focused on developing improved methods to deliver cannabinoids to the human body through the use of nanoparticles, nanofibers and unique formulations, some of which will include TPGS,” MCTC Holdings CEO Arman Tabatabaei said in the news release. “Even though we are a small company, some of the developments are on the cutting edge of cannabinoid delivery research. We plan to aggressively expand our intellectual property portfolio over the coming weeks and months via multiple additional patent filings.”

To view the full press release, visit http://cnw.fm/gXt8M

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.

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 – Canopy Rivers Inc. (TSX: RIV) (OTC: CNPOF) Announces Additional $10M Investment in TerrAscend Canada Inc.

Canopy Rivers (TSX: RIV) (OTC: CNPOF), a venture capital firm specializing in cannabis, today announced completion of a US$10 million investment in TerrAscend Canada Inc., a subsidiary of its portfolio company TerrAscend Corp. (CSE: TER) (OTCQX: TRSSF). According to the update, the investment includes the purchase of 13,243 units, with each consisting of one unsecured convertible debenture of TerrAscend Canada with a principal amount of C$1,000 and 25.2 common share purchase warrants of TerrAscend exercisable until October 2, 2024. TerrAscend is the first and only cannabis company with sales in Canada, the U.S. and Europe with an international portfolio that includes a robust research and development platform, domestic and international cultivation, processing, distribution facilities, and medical and adult-use branded cannabis products. “We think TerrAscend is uniquely positioned to meet the evolving consumer demands in the three largest cannabis markets worldwide,” Canopy Rivers President and CEO Narbe Alexandrian said in the news release. “We strongly believe in TerrAscend’s ability to execute on its global strategy, market a diversified brand portfolio, and build on its recent acquisitions, and this additional investment is an affirmation of that belief.”

To view the full press release, visit http://cnw.fm/XmI1W

About Canopy Rivers Inc.

Canopy Rivers is a unique investment and operating platform 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 – A New Study Aims to Find if Marijuana Can be Used to Treat Symptoms of Autism

Montefiore Medical Center in New York is conducting a clinical trial which will examine the effects of cannabidivarin (CBDV) on the level of irritation and repetitive behaviors in autistic children. Cannabidivarin is a compound of marijuana that is nonpsychoactive and does not induce highness upon consumption.

GW Pharmaceuticals grows the cannabis to be used during the research. The company occupies 47-plus acres in the English countryside and is the first drug company to develop cannabis-related medicine which was approved by the U.S. Food and Drug Administration. Two rare types of epilepsy are treated using the drug.

Dr Sanjay Gupta, who is a CNN Chief Medical Correspondent, got exclusive access to the clinical trials In Montefiore Medical Center and GW Pharmaceuticals company.

While reporting for Weed 5 on the cannabinoid craze, Gupta had an exclusive look at GW  cannabis greenhouses. The greenhouses occupy the 47 acres allowing for consistent breeding of different strains of the marijuana crop for medicine. According to David Cooper, head of manufacturing in the company, the process of developing and mastering different strains of the cannabis plant is challenging. During the tour, David showed Gupta the process of turning different strains of the plant into medicine for the large pool of patients.

Gupta also found that GW Pharmaceuticals has been in operation for the last 20 years. Moreover, towards the end of 2018, the company launched Epidiolex.

Epidiolex is the first cannabis-related oral medication to be approved by the FDA. It is used for treating two rare epilepsy disorders. During the clinical trials, Epidiolex reduced the severity of seizure in patients with Dravet Syndrome by an average of 45%-50%. Epidiolex is made of cannadidiol, which is an extracted compound of the cannabis plant.

Epidiolex’s success in treating epilepsy motivated GW Pharmaceutical to manufacture another cannabis-based drug for treating people with a neurological disorder known as autism. Epilepsy and autism have similar symptoms such as loss of cognitive function, poor language skills, and poor socialization skills.

The Director of the AOCD (Autism and Obsessive Compulsive Spectrum, Anxiety and Depression) Program at Montefiore Hospital, Dr Eric Hollander, gets CBDV (cannabidivarin) from GW Pharmaceuticals in UK for the clinical trials. Based on the success of CBDV to reduce seizures, he believes that the hope for treating autism symptoms is in the extract.

Hollander further says that CBDV could help in reducing aggression, self-injury or temper tantrums in autist patients. The clinical trials are headed by Hollander who has 30 years’ experience researching autism. According to Hollander, autism and epilepsy have simiar symptoms.

Autism has no cure. Therefore, Hollander’s focus is on treating the underlying causes of autism, and use of CBDV could help remedy the symptoms.

When CBDV was administered in animals having similar symptoms to autism, the researchers saw that it had significant effect on social functioning, increased cognitive function, less seizures and a reduction in compulsive and repetitive behaviors, thus their application of CBDV on autistic patients.

The clinica trials involve 100 participtants, who are aged between 5-18 years. The treatment takes 12 weeks and will be finalized in September 2021.

It is widely expected that marijuana industry players like IONIC Brands Corp. (CSE: IONC) (OTC: IONKF) and Plus Products Inc. (CSE: PLUS) (OTCQB: PLPRF) will be eager to learn the outcomes of this autism research.

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 – Five Reasons Medical Marijuana is Overshadowing Recreational Marijuana in the Market

The cannabis industry has created a buzz on Wall Street over the years. This is attributed due to the increased potential of legal marijuana.

Arcview Market Research and BDS Analytics released a report on the state of legal marijuana market, which shows that between the year 2014 and 2018, global sales of legal weed in licensed stores tripled. After investing in the weed industry Wall Street is predicting that on the lower side, annual sales will be $50 billion or $200 billion on the higher side in the next ten years. If their estimate is correct, the marijuana sector will 2 or 2.5 times larger than the soda beverage industry. With this kind of growth, it would be foolish for the investors and Wall Street not to take advantage of the opportunity.

When purchasing cannabis stocks, you have to consider several variables such as supply deals and partnerships as well as the geographical focus.

The report further suggests that recreational marijuana sales all over the world in the year 2024 will be almost double that of medical marijuana. Countries such as Mexico will legalize personal use of marijuana, and this is bound to surpass the medical marijuana sales because patients will see no reason to pay doctors’ consultation fees to access medical cannabis when they can go to the dispensary and buy it.

Although most people are investing in recreational marijuana, it would be wise if people paid more attention to medical marijuana. Discussed below are the five reasons why you should focus more on medical marijuana

  1. Patients Tend to Buy and Use Medical Cannabis Often

Pot stocks are popular among medical marijuana patients. In the last quarter of 2018, surveys carried out in Canada showed that medical cannabis patients buy and use cannabis more often, while people do not purchase or use recreational marijuana as often.

  1. Medical Marijuana Has Higher Margins

Compared to recreational users, medical marijuana consumers tend to consume products with higher margins for the sellers of cannabis products. This is because patients are willing to purchase medical marijuana products such as beverages, edibles, oils, concentrates or vapes with a higher profit margin, while recreational marijuana is in the form of dried weed that has low margins and consumers fear to overdose.

  1. Probability of a Broader Global Market

Over the next ten years, medical marijuana may be explode on the global market; therefore, investors should start investing in the industry. There will be three recreational marijuana markets worldwide if Mexico legalizes marijuana for personal use in October. In the coming years, the future of the pot industry is in medical cannabis which is being accepted in more jurisdictions worldwide.

  1. Appeals to the Younger Generation

Medical marijuana connects with young adults in a quick manner. The ability to buy marijuana derivatives by the younger generation has resulted in dried weed avoidance. The younger generation consumes large amounts of marijuana; therefore, they are expected to be the driving force of the pot industry.

  1. Medical Marijuana Gives Traction to CBD

Through the medical marijuana industry, CBD (cannabidiol), which is a nonpsychoactive cannabinoid that has many medical benefits, gains a paramount degree of exposure. This explosure opens new revenue streams for medical marijuana companies.

Experts think that these five reasons could explain why many marijuana companies, such as Green Hygienics Holdings Inc. (OTCQB: GRYN) and HTC Extraction Systems (TSX.V: HTC) have an eye on the medical marinuana segment.

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)

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CannabisNewsBreaks – GP Solutions, Inc.’s (GWPD) Co-Branded Snoop Dogg Product Line a Hit at CannaCon South

GP Solutions (OTC: GWPD), the developer of highly innovative automated micro-farms trade named “GrowPods,” premiered its new co-branded “Snoop’s Premium Nutrients Pods” at the recent CannaCon South show in Oklahoma City. According to the update, Snoop Dogg, a longtime legal cannabis advocate, developed his product line to offer a quality system that encourages rapid, robust growth throughout all stages of plant development. “Our Snoop’s Premium Nutrients Pods were the hit of the show,” GP Solutions CEO George Natzic said in the news release. “Not only was the interest level incredibly high, but we are also in the process of closing multitudes of deals.”

To view the full press release, visit http://cnw.fm/MHx4v

About GrowPod

GrowPod, Inc. is the developer of highly innovative automated micro-farms trade named “GrowPods.” GrowPods are a modular, stackable and mobile vertical growing environment specifically engineered to maximize yield and automation. Offering fully insulated, food-grade shipping container that has been specifically modified to provide the optimum controlled environment for growing a wide range of horticultural and agricultural products in all environments and climates. With the company’s combination of hydroponic and certified organic soil systems, clients can produce a significantly higher yield that grows faster, healthier and more consistent. For more information, visit the company’s website at www.GrowPodSolutions.com.

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

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 – Youngevity International Inc. (NASDAQ: YGYI) Announces Dividend Payment Timing for September 2019 Series “D” Cumulative Redeemable Perpetual Preferred Stock

Youngevity International (NASDAQ: YGYI), a leading multi-channel lifestyle company operating in three distinct business segments, today announced the timing for the payment of its declared regular monthly dividend of $0.203125 per share of its 9.75% Series D Cumulative Redeemable Perpetual Preferred Stock (NASDAQ:YGYIP) for September 2019. According to the update, the dividend will be payable on October 15, 2019, to holders of record as of September 30, 2019, and will be paid in cash.

To view the full press release, visit http://cnw.fm/4yYFY

About Youngevity International Inc.

Youngevity International Inc. is a multi-channel lifestyle company operating in three distinct business segments, including a commercial coffee enterprise, a commercial hemp enterprise and a multi-vertical omni direct selling enterprise. The company features a multi country selling network and has assembled a virtual Main Street of products and services under one corporate entity. YGYI offers products from the six top-selling retail categories: health/nutrition, home/family, food/beverage (including coffee), spa/beauty, apparel/jewelry and innovative services. For more information, visit the company’s website at www.YGYI.com

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

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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420 with CNW – Cannabis Expo in West Michigan Set to Educate Consumers and Businesses about the Marijuana Industry

The WMCE (West Michigan Cannabis Expo) will be all things marijuana. It is a two-day event, that will be held at DeltaPlex Arena in Grand Rapids. The event which will be having 60 booths plus is a perfect opportunity for consumers, businesses and other professionals in the cannabis industry to showcase their products and services. It is also an avenue for learning more about the marijuana industry.

The expo also aims to help businesses to develop new leads, strengthen their relationship with their clients and customers, and market their organization.

Some of those who will be in attendance include a hemp product company, cannabinoids retailers, equipment retailers, consumers and growers, as well as legal and accounting professionals.

The WMCE commences on Saturday 5th October. The event opens at 10 a.m and will end at 5 p.m. October 6th is the last day of the expo, and it will be open from 10 a.m to 4 p.m at the DeltaPlex Arena.

DeltaPlex director of events development, Chris Hudson says that business-oriented people expected to attend the event are about 60 percent while the remaining 40 percent comprises of cannabis consumers and people who would like to learn more about the industry.

In November 2018, Michigan legalized marijuana for personal use while medical marijuana was legalized in 2008. The legislation governing recreational marijuana provides that you must be 21 years or older to purchase, use or cultivate marijuana.

According to Hudson, the WMCE was organised after significant growth was observed that in the sector since the legalization of recreational marijuana as people from other states came to Michigan to get their fix. More so, businesses and individuals seeking to join the industry have many questions, and the Expo would help answer and educate them on how to join the marijuana industry. The expo would also help them gain resources such as machines required to make and extract marijuana products.

During the expo, there will be cannabis-cooking demonstrations, seminars on marijuana licensing and banking with cannabis, cannabis medicines displays, and extracts.

The cost of a ticket is $15 for one day, but if you want to attend both days, you will have to pay $25. There is also an upgraded ticket that costs $50, which allows you to participate in a mixer on Saturday at 5.30 p.m. The mixer is for adults who are 21 years and above.

THC products are not allowed into the expo because the state will accept recreational business applications in November.

Analysts are of the view that industry players like Grapefruit Boulevard Investments Inc. (OTCQB: IGNG) and Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) are happy that such events are being organized to bring marijuana into the mainstream.

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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