Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) Enters Seven-Year Licensing Agreement with Cannfections Group, Inc.

  • Cannabis-infused chocolates and candies, such as gummies, will be manufactured using LXRP’s next-generation, patented technology to be sold in Canada and internationally, where permitted
  • LXRP’s goal is to partner with manufacturers who provide best-in-class products to existing large consumer groups
  • Licensing DehydraTECH™ is key to LXRP’s generation of revenue; LXRP aims to license its IP in all countries where its technology is patented or patent pending

Lexaria Bioscience Corp. (OTCQX: LXRP) (CSE: LXX) continues to generate revenue from licensing its proprietary and patented technology DehydraTECH™, which is already patented in the U.S. and Australia. The company also has multiple patents pending in more than 40 countries globally.

Lexaria’s entry into a seven-year definitive licensing agreement with Cannfections Group, Inc. in Canada is a major step toward bringing its improved delivery methodologies to market (http://cnw.fm/U1z45). DehydraTECH promotes healthier ingestion methods and lower overall dosing. Cannfections is expected to leverage the platform by manufacturing and marketing cannabis-infused chocolates and candies for the legalized adult market.

Cannfections contract manufactures chocolate retail products for several international and domestic chocolate brands. The company believes that the agreement should lead not only to new product entries for Canadian cannabis edibles, but to exports to international markets, where permitted. In addition, the agreement permits LXRP to offer other licensee partners the option of using Cannfection’s manufacturing expertise to produce cannabis-infused chocolates and gummies powered by DehydraTECH technology.

DehydraTECH has been shown to increase intestinal absorption rates and provide for more rapid delivery of active ingredients to the bloodstream. It also offers taste-masking benefits for orally-administered molecules, including cannabinoids, vitamins, non-steroidal anti-inflammatory drugs and nicotine.

“By licensing our technology to Cannfections, Lexaria can now offer its commercial clients the expertise of one of Canada’s oldest and most established chocolatiers utilizing next-generation DehydraTECH technology,” Chris Bunka, CEO of Lexaria, stated in a news release. “This is a long term strategic relationship meant to offer technology, value and expertise to Licensed Producers wanting to offer the highest quality chocolate edibles available in Canada once permitted under Health Canada regulations.”

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

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Earth Science Tech, Inc. (ETST) Scientifically Advancing CBD

  • Company committed to scientific validation of CBD efficacy
  • Produces, markets and sells only the highest quality Full-Spectrum Hemp Oil containing CBD
  • With new subsidiaries and acquisition, future is increasingly bright

Building on vast anecdotal and mounting scientific evidence, the market for cannabidiol (CBD) products is exploding across the globe. The discovery of the human endocannabinoid system in the 1990s has intensified research and validated many of the anecdotal reports of CBD effectiveness in treating a variety of physical ailments.

Seizing on the immense market opportunity and substantiating efficacy with science, Earth Science Tech, Inc. (OTC: ETST) is focused on the science, research and studies of its high grade hemp CBD oil as a nutraceutical and dietary supplement. Earth Science already markets and sells some of the highest quality and purity Full Spectrum Hemp Oil containing CBD available. The company’s products are formulated using superior supercritical CO2 cold liquid extraction, through which the cannabinoids are kept at the rawest state possible in order to maintain essential therapeutic properties.

Earth Science believes that science is the foundation for the future of not only its high grade hemp CBD oil and its array of products, but also the entire global CBD market. In a commitment to the underlying science, Earth Science has established a research agreement with the University of Central Oklahoma and DV Biologics Laboratory to study and advance the health care benefits of its high grade hemp CBD oil. Research has already indicated that Earth Science CBD nutritional and dietary supplement products are at the top in the industrial hemp space. The company is committed to providing the public with sound scientific research and up-to-date information on the progress of studies being done on its high grade hemp CBD products.

In 2017, Earth Science launched two new subsidiaries, KannaBidioid Inc., to manufacture and distribute vapes/e-liquids and gummy edibles, and Cannabis Therapeutic Inc., to develop proprietary cannabinoid-based nutraceuticals and pharmaceutical products based on its existing CBD patent. The company also acquired Canna Inno Laboratories Inc., which will allow it access to the burgeoning Canadian market and government grants.

Earth Science’s multi-faceted, science-based approach to the development, manufacture and sale of high quality CBD products places the company in a unique and enviable position headed into 2018 and beyond. As Chief Science Officer Michel Aubé, PhD, stated in a January 3, 2018, press release (http://cnw.fm/ak2Pv), “[W]e will clearly be recognized as a leader in cannabinoids research and other health science research arena. Our future is shining bright.”

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

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Liberty Leaf Holdings Ltd. (CSE: LIB) (OTCQB: LIBFF) (FSE: HN3P) and Blox Labs, Inc. Near Completion of cannaBLOX White Paper

  • Companies in partnership to create cannaBLOX, a blockchain-based software smart contract platform for the legalized cannabis industry
  • cannaBLOX blockchain software is a supply chain management platform designed to ease logistical bottlenecks, minimize fraud, assist in taxation and ensure regulatory compliance
  • LIBFF and BLLXF have completed preliminary input and analysis in their joint phase one development of cannaBLOX

Liberty Leaf Holdings Ltd. (CSE: LIB) (OTCQB: LIBFF) (FSE: HN3P) and Blox Labs, Inc. (CSE: BLOX) (OTC: BLLXF) have announced progress on their joint development of phase one of cannaBLOX, the blockchain-based smart contract platform for the legalized cannabis industry (http://cnw.fm/u9FqN).

Blox Labs is working to complete its white paper on cannaBLOX, and a satellite development team has been created in Eastern Europe that specializes in blockchain and decentralized application technologies. The initial framework and analysis segment of the white paper is now complete.

The white paper includes cannabis industry analysis, schematic design, project scoping and itemizing utility and process flow details. The new development team is specialized in omni-language development in Ethereum.

LIBFF is a Canada-based company which has a focus on building a portfolio of cannabis-related businesses. In this sector, it is targeting cultivation, processing and the development of CBD/THC pet and supply-chain products. Its portfolio includes a 100 percent interest in North Road Ventures and a 60 percent interest in Just Kush, strengthening LIBFF’s position as a vertically-integrated cannabis company. North Road is an emerging distributor of cultivated and manufactured cannabis products to licensed retailers. Just Kush is a late-stage applicant for Health Canada’s Access to Cannabis for Medical Purposes Regulations (“ACMPR”).

Blox Labs developments include software for blockchain, smart contracts and decentralized application technologies. It is entering the Canadian cannabis market with cannaBLOX software, a blockchain solution targeted at cannabis seed-to-sale verification.

For more information, visit the company’s website at www.LibLeaf.ca

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Skinvisible, Inc.’s (SKVI) Topical Delivery Tech Provides Effective Protection against Deadly Flu Viruses

  • Skinvisible’s DermSafe® hand sanitizer provides long-term protection against viruses
  • Patented technology delivers active ingredients topically
  • Company generates revenue from four income streams

An outbreak of the deadly influenza A (H3N2) virus has devastated families across the United States this winter. Traditionally, the elderly and the very young are most vulnerable to the flu, but, this time around, it is attacking people of all ages. This outbreak follows on the heels of the potent H7N9 avian influenza virus, which has the potential to spread globally, although largely confined to China at present. Hand hygiene is vital to reduce the risk of contracting these flu strains. Skinvisible, Inc. (OTCQB: SKVI) has developed a unique hand sanitizer, DermSafe®, which offers long-term protection against harmful microbes.

DermSafe® uses patented polymer delivery technology developed by Skinvisible called Invisicare®. This proprietary technology binds active ingredients to the skin to enhance their delivery and resists wash-off and rub-off for up to four hours, even with hand washing. It creates a barrier to prevent attack by viruses and damage from toxins, retaining moisture in the skin while allowing normal respiration and perspiration. Left on the skin to do their job, Invisicare® formulations eventually wear off as part of the skin’s natural exfoliation process.

All of Skinvisible’s products utilizing Invisicare® technology are non-drying, as the formulations do not contain any organic solvents such as alcohol, silicones or waxes. Enhanced delivery means a lower dosage of active ingredients is required while still offering improved efficacy, reduced skin irritation and longer duration of action. To validate its marketing claims, the company uses FDA-registered independent laboratories to verify the efficiency of its products.

Through wholly-owned subsidiary Kintari, Skinvisible has developed a range of anti-aging products, including day cream, night cream, sunscreen and hand and body lotion. All of these products use the patented Invisicare® topical delivery technology. The company has 14 global patents for over 40 skincare products powered by Invisicare®. The Kintari website (www.Kintari.com) is a marketing portal for its products, offering consumers the ability to purchase these patented products online.

Looking ahead, Skinvisible’s development pipeline using Invisicare’s topical delivery technology includes products for acne, dermatitis, skin cancer, warts and first-aid pain relief, as well as formulations with anti-aging, anti-fungal and anti-inflammatory properties. In November 2017, the company issued a letter of intent to merge with Quoin Pharmaceuticals Limited, a developer of post-surgical pain relief products that replace or reduce opioid use. Quoin is also developing a transdermal formulation for anti-depression treatment of military veterans showing suicidal tendencies related to post-traumatic stress disorder (PTSD).

Skinvisible’s business model provides four revenue streams. By licensing its formulations, the company generates research and development fees for new products. It also charges license fees to secure exclusive territorial rights to a product, while generating ongoing royalties based on a licensee’s sales. Direct revenue is generated from the sale of Kintari products and the sale of the company’s Invisicare® polymers to its clients.

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

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EVIO, Inc. (EVIO) Sets Up in California as July 2018 Mandatory Cannabis Testing Deadline Approaches

  • Global testing services market expected to achieve 10 percent-plus CAGR growth
  • California cannabis testing market also set for exponential increase
  • EVIO to double national testing footprint to 18 labs

California, befitting its history as part of America’s westward expansion, has earned an appellation as the ‘Wild West’ of pot. Medical marijuana, legal in the state since 1996, has been largely bypassed by quality control and safety regulations. That is about to change. To coincide with the opening of the adult recreational market, a plethora of rules and rubrics has been issued. California MMJ businesses will have until July 2018 to ensure compliance. As a result, demand for cannabis testing services in California is set to increase rapidly, a development that means EVIO, Inc. (OTCQB: EVIO), which has acquired testing facilities in Berkeley, California, is in the right place at the right time.

The supply shortfall in California cannabis testing services is rising to crisis proportions at a time when one report warns that ‘much of the marijuana sold in dispensaries in California would fail safety standards in other states’ (http://cnw.fm/7q9FU). Quality issues plague the industry, as recent examples from further afield demonstrate. A couple of MMJ companies licensed under Canada’s ACMPR were found to be using banned pesticides, and a cancer patient died after acquiring a fungal contamination, which was said to have originated in smoked marijuana.

Despite this alarming state of affairs, there are only 22 testing laboratories operating in the state (http://cnw.fm/fV7XZ). However, where there is crisis, there is also opportunity, and EVIO has been quick to recognize this. Earlier this year, the company announced that it was acquiring C3 Labs in Berkeley, California, which will give it a presence in the Bay Area to go along with its labs in Southern California and north of Sacramento. This will bring the number of labs operated by the company to nine in five states. These include four in Oregon, two in Florida, and one each in California, Colorado and Massachusetts.

Reporting on data compiled by Markets and Markets, High Times recently commented that ‘cannabis lab testing for potency, purity and detailed information such as terpene counts was worth $866 million in 2016.’ By 2021, the global testing services market is expected to hit $1.4 billion, representing a CAGR of more than 10 percent. Driven by such a powerful tailwind, EVIO is set for further revenue growth. The company saw testing services revenues for the nine months to June 30, the last reported period, climb 1,100 percent year-over-year in 2017 to $2.1 million. Now, through testing subsidiary EVIO Labs, the company plans to open 18 laboratories by the end of 2018 at locations throughout the United States.

EVIO is headed by William Waldrop, MBA, chairman and CEO. Waldrop, a co-founder of EVIO Labs’ parent company, spearheaded the acquisition of the company’s first analytical laboratory facility in Bend, Oregon. He has since grown the company to its present five labs and nine operating locations, and he is the driving force behind the nationwide rollout of EVIO Labs.

Previously, Waldrop was chairman and CEO of Newport Entertainment Group and president and COO of College Partnership, a publicly traded company that provided student services. In addition, while working as a senior manager at AirTouch Cellular, he led the team that, in just four years, built a 44-store distribution channel generating over $100 million in annual revenues. As vice president of operations for Leading Edge Broadband, he oversaw the design and roll-out of a global telecommunications sales and outreach network. Waldrop has also provided advisory services to several public companies.

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

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Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) is Uniquely Positioned within the Cannabis Industry

  • Cannabis deals in Canada cross the billion-dollar mark
  • DehydraTech™ offers new and innovative methods of oral delivery
  • Committed to high quality products using revolutionary technology
  • The only company in the world with patents for this innovative edible technology

Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) expects to benefit significantly as cannabis deals in Canada cross the billion-dollar mark in anticipation of the legalization of recreational cannabis, which is only months away (http://cnw.fm/IY0qK). Its newly developed oral digestion technology, DehydraTECH™, is a complementary layer that works with other R&D being done on cannaboids. LXRP has been awarded a patent in the U.S. and Australia, with patents pending in 40 more countries, for the improved delivery (oral or ingestible) of all non-psychoactive cannabinoids. As the only company in the world with patents for this innovative edible technology, LXRP is in a unique position to work alongside other cannabis industry players, creating partnerships rather than competitors.

DehydraTECH allows for faster delivery time, lower dosages and shorter treatment regimens. Oral ingestion of the client drug eliminates unhealthy practices of inhalation dosing. It improves the absorption rate, by as much as five to 10 times, of non-steroid anti-inflammatory drugs (NSAIDs), vitamins, cannabinoids and even nicotine. Delivery time, the time it takes from ingestion to payload molecules reaching the bloodstream, is reduced from the 60-90 minutes of current methods to a mere 15-25 minutes. High concentrations of unhealthy sugars or sweeteners are no longer needed to mask the bitter taste, and side effects are reduced, improving the bioavailability of its client drug. This provides an opportunity for new and innovative methods of oral delivery.

LXRP is committed to finding new ways to partner with companies in order to deliver high quality products, leveraging its technology that allows Lexaria to partner with, instead of compete against, other successful names in the cannabis industry. Recently, LXRP partnered with Cannfections Group Inc. to create high quality chocolate edibles using its oral technology. It continues to develop quality product lines in sports nutrition, teas, tablets, pills and beverages, using DehydraTech for optimal delivery.

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

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ChineseInvestors.com, Inc. (CIIX) Recognizes Untapped CBD Market for Chinese-Speaking Individuals

  • ChineseInvestors.com provides first platform for Chinese-centric CBD market
  • The company boasts real-time services in Chinese character sets
  • ChineseInvestors.com launched CBD navigation application

Founded in 1999, ChineseInvestors.com, Inc. (OTCQB: CIIX) aims to be a leading financial information website that provides real-time market commentary, analysis and education-related services to Chinese-speaking investors through its dynamic financial website, www.Chinesefn.com. ChineseInvestors.com, Inc. went public on the OTCQB Venture Market in January 2012, under the symbol CIIX (http://cnw.fm/RB2Yo).

Having recognized the unprecedented opportunities that lie within the American cannabis industry, the company started laying the foundations to capitalize on the ever-growing demand for cannabidiol-based nutrition and health products. The end of 2016 marked the company’s implementation of plans for its new website, its mobile application and its online distribution of CBD oils for the booming global industry of medical marijuana. Although marijuana use is illegal within the borders of China, cannabis-based oils that include hemp-based CBDs are legal. This unique opportunity opens a potential market of nearly two billion people for the company.

Following the launch of ChineseCBDoil.com in early 2017, the company noted that it was the first online CBD health products store in the Chinese language. The website shows a variety of nutritional supplements containing CBD, including soft gels, capsules and concentrates marketed to Chinese-speaking customers worldwide. It is the company’s intention to open up a retail store in the predominantly Chinese community of San Gabriel, California, which is also where the company’s headquarters is located (http://cnw.fm/0fyWG).

ChineseInvestors.com also launched the world’s first Chinese-language-based mobile cannabis navigation application. This ‘Yelp’ style social media application is set to contain a database of marijuana dispensaries and cannabis strains, along with platforms to review and discuss various cannabis products and maps that show the locations of medical and recreational cannabis dispensaries. Alongside this, the application is set to offer cannabis business summaries and reports from Los Angeles, as well as other large cities, in an effort to provide customers with access to the best recommendations for local marijuana products. The application has been approved by the Apple store and is available for download.

In an effort to assist patients with Alzheimer’s disease, epilepsy, cirrhosis of the liver and a range of other physical and mental ailments, ChineseInvestors.com will continue its focus on investment in both the distribution and the R&D of CBD medicine and health products. With the company’s base of over 100,000 users, alongside its brand value built over the past 18 years, its mission is to become the leading Chinese medical marijuana-focused publicly traded company.

China has nearly 10 million patients that suffer from epilepsy, placing it among the most common diseases that Chinese researchers are eager to cure. Currently, in China, epilepsy cannot be wholly cured, with patients relying heavily on drugs or Chinese herbs to temporarily control the illness. In the United States, epilepsy has been successfully addressed through specialized surgical treatment. However, this option comes with a high risk factor. As a result, a majority of Chinese patients are inclined to seek conservative treatment methods in the field of Western medicine. CBD oil, therefore, has a huge potential within the market space for the treatment of epileptic cases that are located in the mainland or overseas.

Regarding clinical trials and research, ChineseInvestors.com intends to further study the efficacy of CBD oil for the treatment of the above-mentioned illnesses. Apart from that, the company will invest in CBD drug R&D enterprises with the goal of developing various CBD drugs that show positive results when used to combat epilepsy and Alzheimer’s disease. The application period for new drugs of this nature in China is two to four years, which is notably shorter than that of the FDA. It is the company’s goal to be the first company in China to use CBD oil to help mitigate the suffering of patients with epilepsy and Alzheimer’s disease.

The company also offers support services to its various partners, consultative services to smaller private companies that are considering becoming public entities and advertising and public relations-related support services.

With the further legalization of medical marijuana supported by studies, greater market sizes can be expected. With fewer drug side effects and further drug development, it is likely that the number of CBD products will increase, with more people likely to opt for these safer treatments. On a wider scale the problem of acute and chronic pain can be combatted, resulting in fewer production losses in the workplace.

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

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Marijuana Company of America Inc. (MCOA) in CBD Sector for the Long Haul

  • Goldman Small Cap Research forecasts overall CBD market to grow to $1.15 billion within the next three years
  • MCOA’s hempSMART product line drives new industrial hemp-based CBD products to consumers
  • Industrial hemp offers a non-psychoactive, less controversial alternative to cannabis

Advocates and investors riding the current cannabis policy roller coaster are turning an optimistic eye to the industrial hemp sector, as its cannabis industry sibling battles for respectability and legalization in the United States.

Over the last three years, Marijuana Company of America Inc. (OTC: MCOA) has observed the political changes in the U.S., with regard to hemp and cannabis regulation at the local, state and federal levels. With this knowledge, the company is navigating its way through multiple state regulatory systems, court decisions and public opinion to build a market position to develop and drive innovative product development and distribution.

MCOA delivers turnkey products and services to consumers in U.S. states where the cannabis plant’s derivatives have been legalized. While federal drug policy continues to target state-by-state normalization of cannabis for medicinal and recreational use, MCOA’s hempSMART subsidiary is turning out branded products containing industrial hemp-derived, non-psychoactive cannabidiol (CBD) formulations for retail distribution via an affiliate marketing model.

Although 2018 began with the advancement of new state laws legalizing cannabis and hemp – most notably in California, the world’s fifth largest economy – Attorney General Jeff Sessions reaffirmed on January 4, 2018, that cannabis remains illegal under federal law. Sessions concurrently rescinded previous Obama-era federal prosecutorial guidance on state-legalized cannabis and hemp that allowed states having strong and effective regulatory and enforcement systems the discretion to regulate the production and distribution of cannabis and hemp, as long as the state-enacted rules were consistent with federal priorities. Cue multiple lawsuits around the country and Congressional debate over the propriety of existing cannabis laws. These repeated flare-ups in drug policy have left many cannabis investors nervous (http://cnw.fm/uf7JO), but other industry insiders have seen the cannabis debate as a boon to the less controversial industrial hemp plant, which contains less than 0.3 percent THC.

In 2004, the Hemp Industry Association won a Ninth Circuit Court decision to allow hemp products with less than 0.3 percent THC to be distributed legally, and hemp production was legalized nationwide for university research under the 2014 Farm Bill.

MCOA has now been an active player in the North American cannabis and hemp markets for the past three years (http://cnw.fm/Gyt53). The company has ensured, via clear and regular communications with the markets, customers, affiliates and media, that the development of hempSMART’s range of non-psychoactive products has been transparent, informed and compliant. hempSMART’s new take on wellness products include formulations for the brain, pain and Full Spectrum Drops.  Newly-launched products include pain cream and, for our four-legged friends, Pet Drops.

MCOA also recently partnered with Convenient Hemp Mart, LLC to develop the “BeniHemp” CBD brand. Currently in development, BeniHemp will be targeted for sale in convenience stores, gas stations, smoke shops and similar types of small retail businesses focused on the impulse buyer, with its products located at the cash register. The BeniHemp brand is expected to offer a range of topicals, tinctures and edibles. With its unique national marketing and distribution plans, BeniHemp will work with its partners to create recognition for CBD wellness and personal care products.

On February 15, 2018, Goldman Small Cap Research, a stock market research firm specializing in the small cap and microcap sectors, released a white paper (http://cnw.fm/KG6Fh) in which it predicts that the overall CBD market in the U.S. will grow from a base of $262 million in 2016 to something exceeding $1.15 billion by 2020.

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

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Choom Holdings Inc. (CSE: CHOO) (OTCQB: CHOOF) Evokes Good Times Vibe in Build up to Canadian Marijuana Legalization

  • Canada expects to make recreational marijuana use legal nationwide later this year
  • Legalized revenues have forecast potential to reach up to $8.7 billion, with more than $20 billion for ancillary services
  • CHOOF invites ‘good people’ to open franchise retail dispensaries

While winter days in frigid northern climates mean snow and cold winds, a company in Canada’s British Columbia is embracing the timeless warmth of Hawaii’s laid-back lifestyle. Choom™ Holdings Inc. (CSE: CHOO) (OTCQB: CHOOF) is building a friendly entry into the country’s growing legalized cannabis industry as it awaits final stage approval of its Access to Cannabis for Medical Purposes Regulations (“ACMPR”) license and application to serve the anticipated recreational marijuana market once full nationwide legalization takes place later this year.

In early February, the company announced it was seeking ‘good people’ interested in opening their own Choom™ store retail dispensary franchises across Canada, wherever marijuana is legalized. “We’re inviting people to open a dispensary with a world class brand built exclusively for the recreational cannabis market. We’re encouraging entrepreneurs to join our family by registering for their own Choom™ store,” President and CEO Chris Bogart stated in a news release about the proposal. “We are telling our Choom™ story with our stores and will elevate the concept of a high-quality product through our new retail environments, and we’re inviting others to join us.”

A Deloitte survey of attitudes in 2016 arrived at the conclusion that revenues for the legalized market may reach anywhere from $4.9 billion to $8.7 billion with ancillary markets that could top $20 billion; these are figures that Choom™ Holdings has taken note of while planning its expansion strategy as the end of cannabis prohibition nears.

“This is a once in a lifetime opportunity for you to enter a potential Multi-Billion Dollar industry,” the company’s website states. “Marijuana dispensaries in legalized states in the US make more per square foot than Whole Foods, and you can get in on the ground floor in the Canadian Market.”

According to the company’s investor presentation made in November, by 2021, the recreational marijuana industry that Choom™ Holdings exclusively aims to serve is expected to be almost eight times the size of the medical marijuana industry, which is served by Choom’s Medi-Can Health Solutions Ltd. subsidiary, with benefits spilling over into the tourism industry, governmental tax and licensing coffers, and paraphernalia manufacturing market. Its nimble business model aims to be ready from the ground up to adapt to the changing cannabis landscape as recreational use becomes legal. Choom™ has a planned production facility capable of putting out 660 kg of dried cannabis per year and plans a second phase expansion that would take it to 2,400 kg per year at two British Columbia locations. Choom™ obtained C$2.7 million in financing through a non-brokered private placement in February, following on another $1 million raised to advance its efforts in December shortly after the company began trading on the Canadian Securities Exchange and shortly before beginning trading on the OTCQB exchange in the United States.

“Our products will be focused on cultivating good times and good friends,” the company’s website states. Choom™ refers to an old Hawaiian term for people who hang out and smoke weed, evocative of that spirit of adventure and fun that the company wants to promote.

For more information, visit the company’s website at www.Choom.ca

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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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Global Hemp Group, Inc. (CSE: GHG) (FRANKFURT: GHG) (OTC: GBHPF) Pursuing Opportunities in America’s ‘New Billion-Dollar Crop’

  • Relaxed U.S. restrictions on hemp production increasingly likely
  • Hemp extraction legislation expected to occur in Canada in mid-to-late 2018
  • Hemp used in dozens of applications across the industrial spectrum
  • “Soil-to-Shelf” strategy for development of hemp in Canada and the United States

If you lived in Jamestown in the late eighteenth century, the first permanent English settlement in what became the United States, and you did not grow cannabis, you would most likely earn the contempt of fellow citizens. You could also end up in jail; refusing to grow cannabis sativa, known as Indian hemp, was actually against the law in Virginia. Hemp enjoyed such a favorable status that you could even pay your taxes with it, and, during the nineteenth century and well into the twentieth, cultivation of hemp flourished. By 1938, after new methods for stripping fiber from the plant were developed, the widely read Popular Mechanics Magazine was touting hemp as the ‘New Billion-Dollar Crop’.

It was the passage of the Marihuana Tax Act in 1938, which banned cultivation of cannabis, that changed the fortunes of the industry. Hemp production in the U.S. shrank and has remained in that atrophied state since then. However, recent legislative initiatives are a signal that happier days lie ahead for hemp, and Global Hemp Group, Inc. (CSE: GHG) (FRANKFURT: GHG) (OTC: GBHPF) is well positioned to benefit. The company is out to build a comprehensive portfolio of hemp-based companies that can interact to capture synergies. With hemp having so many uses, Global Hemp is betting that America’s ‘New Billion-Dollar Crop’ is set for a renaissance.

Recent legislative action is reshaping the regulatory landscape. Section 7606 of the Agricultural Act 2014, known as the ‘Farm Bill’, authorizes institutions of higher education or state departments of agriculture to grow industrial hemp for “research conducted under an agricultural pilot program or other agricultural or academic research,” so long as state law permits the growth and cultivation of the plant. There are now 34 states that have enacted hemp legislation and will eventually allow cultivation for research and commercial purposes. It has sparked a renewed interest in commercial cultivation. In 2017, there were 25,541 acres of hemp grown in 19 states, up from 9,770 in 2016, with 1,456 state hemp licenses issued. By comparison, in 2017, Canada cultivated more than 120,000 acres across the country.

The catch phrase of ‘New Billion-Dollar Crop’ is more than hyperbole. An analysis of the commercial product potential of industrial hemp in North America reveals an astonishing array of applications. Hemp seeds (achenes) are used in the manufacture of baked goods, salad oil, personal care products, animal food, dietary supplements and specialty industrial oils. Fiber from the plant is used to make plastic-like molded products and biocomposites, specialty papers, construction fiberboard, biodegradable landscape matting, plant cultures, carpet and upholstery textiles, as well as finer textiles. The woody stem core (hurd) is used for building materials, animal bedding and thermal insulation, while the floral bracts give us medicinal cannabinoids and oils for food flavors and perfumes. The whole plant is useful; it can also be employed for fuel and silage (fodder for cattle and other ruminants).

Global Hemp has already begun growing hemp. In January, the company reported on its successful joint venture with Marijuana Company of America, Inc. (OTC: MCOA). The two companies are collaborating on an industrial hemp project in New Brunswick, Canada. Results of the 2017 season were encouraging, and the partners are now planning a minimum of 125 acres of commercial hemp cultivation for 2018 (http://cnw.fm/Jl6Hs). Over the following three years, acreage is planned to expand to more than 1,000 acres.

Global Hemp plans to apply for a license to extract cannabidiol (CBD) and other cannabinoids from the upcoming industrial hemp crop in New Brunswick. Discussions are also underway with potential processing partners for the extraction of cannabinoids and straw processing for building materials from this harvest in the fall of 2018, with a longer-term plan to establish permanent processing facilities by the end of 2019. Global Hemp also continues to evaluate industrial hemp opportunities in the U.S. Pacific Northwest, with the goal of replicating its New Brunswick hemp project in the United States.

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

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

CannabisNewsWire (CNW)
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