Tag: GGBXF

CBDNewsBreaks – Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) Reports Changes to Executive Team; Issues Corporate Update Regarding COVID-19

Green Growth Brands (CSE: GGB) (OTCQB: GGBXF) on Thursday announced that Peter Horvath is stepping down as chief executive officer and as a member of the Board of Directors, effective immediately. Green Growth’s current chief operating officer Randy Whitaker will serve as interim chief executive officer. In addition, the company provided an update regarding COVID-19. In accordance with recommendations of health professionals, Green Growth has decided to temporarily close all of its mall-based cannabidiol (“CBD”) kiosk shops in an effort to protect its employees and customers from unnecessary exposure. In connection with this action, the company will also suspend sales under its CBD e-commerce platform. The company’s Las Vegas, Nevada area cannabis dispensaries will stay open for business, subject to additional pandemic-related instructions from local authorities. Green Growth will continue to pursue the sale of the CBD business to The BRN Group Inc., as previously announced, and will continue to seek and assess any potential better offers per the go-shop rights included in the transaction. “I am humbled to have worked with such amazing professionals along this journey. Among those individuals is Randy Whitaker, whom I am pleased has been named as interim CEO. The company will be in good hands with such a seasoned operator at the helm, and I have full confidence in Randy to lead the company during this difficult time,” Peter Horvath stated in the news release.

To view the full press release, visit http://cnw.fm/Sxcn4

About Green Growth Brands Inc.

Green Growth Brands creates remarkable experiences in cannabis and CBD. The company’s brands include CAMP, Seventh Sense Botanical Therapy, The+Source, Green Lily, and 8 Fold. The Company also has a licensing agreement with the Greg Norman(TM) Brand to develop a line of CBD-infused personal care products designed for active wellness. GGB is expanding its cannabis operations throughout the U.S., via dispensaries in Nevada, Massachusetts and Florida and the largest network of CBD shops in malls across the country and ShopSeventhSense.com. For more information, visit the company’s website at www.GreenGrowthBrands.com.

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

About CBDWire

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

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CBDNewsBreaks – Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) Announces Q2 Fiscal 2020 Results

Green Growth Brands (CSE: GGB) (OTCQB: GGBXF) on Monday released its results for the period ended December 28, 2019. According to the update, Green Growth Brands’ revenues for the period totaled $21.1M. “The results this quarter are a reflection of our ability to create products and experiences that consumers want,” Green Growth Brands CEO Peter Horvath said in the news release. “We are pleased with the consumer demand signals we saw in the CBD segment during the quarter, and we remain confident in its future potential. However, overhead costs, near-term obligations and constraints on liquidity have posed significant challenges that have hindered us from growing the CBD business in the timeframes we anticipated to its full-potential. The initiatives we announced today to sell the CBD segment, restructure debt and raise equity financing improves the financial infrastructure we need to scale our MSO segment. We believe focusing our expertise on the MSO segment will yield the highest long-term value for our shareholders and customers.”

To view the full press release, visit http://cnw.fm/L6sSr

About Green Growth Brands Inc.

Green Growth Brands creates remarkable experiences in cannabis and CBD. Led by CEO Peter Horvath and a leadership team of consumer-focused retail experts, the company’s brands include CAMP, Seventh Sense Botanical Therapy, The+Source, Green Lily, and 8 Fold. The Company also has a licensing agreement with the Greg Norman(TM) Brand to develop a line of CBD-infused personal care products designed for active wellness. GGB is expanding its cannabis operations throughout the U.S., via dispensaries in Nevada, Massachusetts and Florida and the largest network of CBD shops in malls across the country and ShopSeventhSense.com. Learn more about the vision at GreenGrowthBrands.com.

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

About CBDWire

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

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CannabisNewsBreaks – Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) to Host Q2 Fiscal 2020 Earnings Conference Call on February 24, 2020

Green Growth Brands (CSE: GGB) (OTCQB: GGBXF) on Monday announced that it will report results and host a conference call with Company management for the second quarter fiscal 2020 ending December 28, 2019. The call is scheduled to take place at 5:00 p.m. Eastern Time on Monday, February 24, 2020. Interested parties may access the call by dialing (+1) 416 764 8609 (Toronto), (+1) 778 383 7417 (Local Vancouver) or (+1) 888 390 0605 (North American Toll-Free) and entering Conference ID: 03558055, or via webcast at http://cnw.fm/UqF8v. An archive of the call and replay will be accessible on Green Growth Brands’ Investor Relations website.

To view the full press release, visit http://cnw.fm/S0eFF

About Green Growth Brands Inc.

Green Growth Brands creates remarkable experiences in cannabis and CBD. Led by CEO Peter Horvath and a leadership team of consumer-focused retail experts, the company’s brands include CAMP, Seventh Sense Botanical Therapy, The+Source, Green Lily, and 8 Fold. The Company also has a licensing agreement with the Greg Norman(TM) Brand to develop a line of CBD-infused personal care products designed for active wellness. GGB is expanding its cannabis operations throughout the U.S., via dispensaries in Nevada, Massachusetts and Florida and the largest network of CBD shops in malls across the country and ShopSeventhSense.com. Learn more about the vision at GreenGrowthBrands.com.

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

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.

To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)

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CBDNewsBreaks – Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) CMO to Participate in Panel Discussion at Upcoming Retail Industry Event

Green Growth Brands (CSE: GGB) (OTCQB: GGBXF) this morning announced that Chief Marketing Officer (“CMO”) Jann Parish will be speaking at NRF 2020 Vision: Retail’s Big Show in New York City which is taking place January 12-14, 2020. On Sunday, January 12 at 2:00 PM ET, Parish will be discussing how CBD is integrating to the retail industry on a panel entitled, “Disruption: Rapid growth of CBD products impacting big box, digital, specialty and department stores”. The Vitamin Shoppe CEO Sharon Leite and GfK Consumer Life Senior Consultant Rachel Bonsignore will also be participating in the panel discussion. “NRF is a hugely influential organization. For CBD to be included in the dialogue at the Big Show says so much about the strides the industry has made in destigmatizing cannabis and creating consumer-friendly brands and products,” GGBXF Chief Marketing Officer Jann Parish stated in the news release. “We are really honored to be sharing our perspective at the event among the most innovative retailers in the world.”

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

About Green Growth Brands Inc.

Green Growth Brands creates remarkable experiences in cannabis and CBD. Led by CEO Peter Horvath and a leadership team of consumer-focused retail experts, the company’s brands include CAMP, Seventh Sense Botanical Therapy, The+Source, Green Lily, and 8 Fold. The Company also has a licensing agreement with the Greg Norman(TM) Brand to develop a line of CBD-infused personal care products designed for active wellness. GGB is expanding its cannabis operations throughout the U.S., via dispensaries in Nevada, Massachusetts and Florida and the largest network of CBD shops in malls across the country and ShopSeventhSense.com. Learn more about the vision at GreenGrowthBrands.com.

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

About CBDWire

CBDWire (CBDW) is 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.

To receive instant SMS alerts, text CBDWire to 21000 (U.S. Mobile Phones Only)

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420 with CNW – Virginia Governor Wants Marijuana Decriminalized in the State in 2020

On Friday, Virginia’s Gov. Ralph Northam announced that on top of his agenda for the 2020 General Assembly session is criminal justice reform and marijuana decriminalization. While listing his legislative priorities, the governor featured a decriminalization measure. Northam intends to make low-level marijuana possession punishable by a fine of $50 without additional jail time; however, his proposal does not specify the exact amount of marijuana that falls in this classification.

His proposal also includes a provision seeking for expungement for people previously convicted of marijuana possession.

In a press release, Northam said that residents of Virginia deserve to have access to a criminal justice system that is fair and equitable. He further said that his proposed legislation and the budget measure would help in fighting mass incarceration, increase support for former convicts and make sure that they are given a second chance after serving their time.

The governor further said that the criminal justice reform agenda is a daring move towards a just and an all-encompassing commonwealth. He also said that he is looking forward to working with the General Assembly to pass the legislation into law. In 2017, Northam made marijuana decriminalization the centerpiece for his gubernatorial campaigns.

It is yet to be specified if the governor is urging the legislature to approve a decriminalization bill that is yet-to-be introduced or if he is supporting one that has already been filed because in November of 2019 after the Democrats regained control of both chambers of the General Assembly, the lawmakers pre-filed a measure seeking to make simple marijuana possession punishable by a fine of $50.

Some legislators in Virginia said that decriminalization and expungement would serve as a gateway to broader marijuana legalization. Last month, Attorney General Mark Herring (D) hosted the marijuana summit whose purpose was to provide information on future marijuana legislation. Herring is vying for the position of governor in 2021, and he plans on supporting total marijuana legalization.

In a press conference, the governor said that although Virginia is not ready for recreational marijuana legalization, he noted that decriminalization is a step in the right direction. He further said that even though his criminal justice plan does not feature broader marijuana legalization, there is a filed legislation seeking to legalize the adult-use cannabis market during the 2020 legislative sessions in Virginia.

The state prosecutors are also considering marijuana reforms, and on Thursday, the Fairfax County Commonwealth’s attorney, Steve Descano, announced that his office would not be pursuing simple cannabis possession cases.

During a phone interview with an online publication, Descano said that it is the duty and responsibility of the prosecutors to ensure that justice is served. He also added that he does not plan on participating in passing the decriminalization bill.

On Thursday, Arlington County Commonwealth attorney Parisa Dehghani-Tafti said that her office would not be pursuing cases based on marijuana possession from that moment onwards.

In his reform agenda, Northam is seeking to cease the policy of suspending a driver’s license once he or she is convicted of drug offenses or failure to pay jail fees. Experts think that these proposed actions in Virginia are a welcome development in the eyes of marijuana industry players like Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) and IONIC Brands Corp. (CSE: IONC) (OTC: IONKF) who have for long felt it was unjust to punish people for punishing people for using a product that is now seen as beneficial.

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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CBDNewsBreaks – Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) Leverages Retail, Operations Expertise to Capitalize on Holiday Shopping Season

Green Growth Brands (CSE: GGB) (OTCQB: GGBXF) today shared statistics from its first full holiday season and second fiscal quarter ended December 28, 2019. Among highlighted updates, the Company reported that over 128,000 Seventh Sense Botanical transactions were processed between Black Friday and December 28, 2019, and more than 62,000 total transactions were processed at the two The+Source dispensaries between Green Wednesday (November 27, 2019) and December 28, 2019. “Our ability to capitalize on the holiday shopping season is a reflection of our retail and operations expertise,” Green Growth Brands CEO Peter Horvath said in the news release. “We are pleased with the performance of both business segments and particularly excited by the consumer demand signals we saw in CBD.  We have brought together high-quality CBD, high-efficacy personal care formulations, familiar packaging, top-tier retail presentations, and fair, everyday-value prices to create products that consumers from all walks of life are really responding to.”

To view the full press release, visit http://cnw.fm/tVaj3

About Green Growth Brands Inc.

Green Growth Brands creates remarkable experiences in cannabis and CBD. Led by CEO Peter Horvath and a leadership team of consumer-focused retail experts, the company’s brands include CAMP, Seventh Sense Botanical Therapy, The+Source, Green Lily, and 8 Fold. The Company also has a licensing agreement with the Greg Norman(TM) Brand to develop a line of CBD-infused personal care products designed for active wellness. GGB is expanding its cannabis operations throughout the U.S., via dispensaries in Nevada, Massachusetts and Florida and the largest network of CBD shops in malls across the country and ShopSeventhSense.com. Learn more about the vision at GreenGrowthBrands.com.

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

About CBDWire

CBDWire (CBDW) is 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.

To receive instant SMS alerts, text CBDWire to 21000 (U.S. Mobile Phones Only)

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420 with CNW – West Virginia Warms Up to Medical Marijuana

West Virginia is set to launch the application process for medical marijuana cultivators, processors, dispensaries, and laboratories by the end of this month.

They are only accepting online applications, and the application deadline is on February 18, 2020. This means that the department will not accept applications past the deadline.

In the month of November, the Director of West Virginia Office of Medical Marijuana, Jason Frame, said that the launch of the application process is a step toward availing medical cannabis to the residents of West Virginians who are suffering from serious medical ailments.

The competition for the permits will be stiff since the Bureau for Public Health in West Virginia plans on issuing no more than ten growers, ten processors, and 100 dispensaries with licenses.

The growers are expected to pay a non-refundable fee of $5,000 and a permit fee of $50,000. The processors are required to pay non-refundable application fees of $5,000, and permit fees of $50,000, while the dispensaries applicants are required to pay a non-refundable fee of $2,500 and  $10,000 license fees.

On April 19, 2017, the Governor of West Virginia signed into law the state’s medical marijuana program, indicating that it has been a long process and that it is far from over because applications will have to be reviewed, licenses issued, and the enactment of rules governing medical marijuana sales.

It will be a long wait before patients and caregivers can access medical marijuana products because all medical marijuana that is to be sold within the state of West Virginia must be cultivated and processed within the state.

The state has not indicated when it will open the applications for medical marijuana cards. There is a possibility that the first dispensary will not be opened until 2021. This makes the process from legislation to the first sale of medical marijuana a lengthy one, with estimates showing that the entire process could take more than four years.

Some of the medical conditions that will be included in the list of qualifying conditions include terminal illnesses, cancer, post-traumatic stress disorder, and chronic or intractable pain. The medical marijuana medication will be available in the form of creams, gels, liquid, pills, ointments, tinctures, and non-whole plant matter for vaping.

Physicians who want to participate in the program are required to submit an online application to the Public Health Bureau demonstrating their proficiency in treating various ailments. They are also supposed to take a four-hour course that is to be established and possess valid licenses permitting them to practice medicine in West Virginia.

It is widely accepted that the entire cannabis industry, including sector players like Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) and Cannabis Strategic Ventures Inc. (OTCQB: NUGS), will be extremely pleased when qualifying patients in West Virginia start accessing medical cannabis.

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)

For more information please visit https://www.CNW420.com

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CannabisNewsBreaks – Green Growth Brands Inc.’s (CSE: GGB) (OTCQB: GGBXF) CAMP Animal Face Solventless Rosin Receives Awards at Jack Herer Cup, High Times Cup

Lifestyle-oriented cannabis company Green Growth Brands (CSE: GGB) (OTCQB: GGBXF) this morning announced that its CAMP Animal Face Solventless Rosin received two awards during the week of December 9, 2019. The product was credited as best Indica vape pen cartridge at the Jack Herer Cup Las Vegas and recognized as best vape pen cartridge at the High Times Nevada Cup. “The recognition of CAMP by both the Jack Herer Cup and High Times is a truly meaningful accomplishment. Our Head Processor, Aaron Nino, and his team, along with our cultivation, merchant, and marketing teams, are doing remarkable work to bring innovative product assortments to the industry,” Green Growth Brands COO Randy Whitaker stated in the news release. “Upon launch, CAMP solventless rosin immediately had commercial success with consumers, and we are really excited that it received the same reception from industry experts. We can’t wait to continue to grow the brand and expand to additional states, starting with Massachusetts this spring.”

To view the full press release, visit http://cnw.fm/udW24

About Green Growth Brands

Green Growth Brands creates remarkable experiences in cannabis and CBD. Led by CEO Peter Horvath and a leadership team of consumer-focused retail experts, the company’s brands include CAMP, Seventh Sense Botanical Therapy, The+Source, Green Lily, and Meri + Jayne. The company also has a licensing agreement with the Greg Norman(TM) Brand to develop a line of CBD-infused personal care products designed for active wellness. GGB is expanding its cannabis operations throughout the U.S., via dispensaries in Nevada, Massachusetts and Florida and the largest network of CBD shops in malls across the country and ShopSeventhSense.com. For more information, visit the company’s website at www.GreenGrowthBrands.com.

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

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.

To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)

For more information please visit https://www.CanadianCannabisWire.com

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CBDNewsBreaks – Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) Terminates Proposed Business Combination to Focus on Rapidly Expanding CBD & MSO Businesses

Lifestyle-oriented cannabis company Green Growth Brands (CSE: GGB) (OTCQB: GGBXF) this morning reported the termination of its proposed business combination as the market adapts to the shifting macro environment. Green Growth Brands has agreed to repay the advance of $5 million by January 31, 2020 and to reimburse Moxie $4 million in deal fees on or before July 1, 2020, with both payments to be made in cash. There is no break fee to be paid in connection with the termination. The company plans to continue its aggressive growth strategy in both the MSO and CBD businesses. Green Growth’s MSO business currently includes a 47-dispensary rollout in three key states. The company intends to continue its expansion in this line of business, opening the remaining 45 dispensaries. “We are aggressively growing our businesses across America as we drive to become a leading cannabis retailer in the country,” Green Growth Brands CEO Peter Horvath stated in the news release. “While we continue to be open to collaborating with other industry leaders, we need to ensure we are focused on building our operational strengths, maximize our returns and, most importantly, avoiding excessive dilution to our shareholder base.”

To view the full press release, visit http://cnw.fm/Vv88L

About Green Growth Brands

Green Growth Brands creates remarkable experiences in cannabis and CBD. Led by CEO Peter Horvath and a leadership team of consumer-focused retail experts, the company’s brands include CAMP, Seventh Sense Botanical Therapy, The+Source, Green Lily, and Meri + Jayne. The company also has a licensing agreement with the Greg Norman(TM) Brand to develop a line of CBD-infused personal care products designed for active wellness. GGB is expanding its cannabis operations throughout the U.S., via dispensaries in Nevada, Massachusetts and Florida and the largest network of CBD shops in malls across the country and ShopSeventhSense.com. For more information, visit the company’s website at www.GreenGrowthBrands.com.

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

About CBDWire

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

To receive instant SMS alerts, text CBDWire to 21000 (U.S. Mobile Phones Only)

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420 with CNW – MLB Action Prompts Stakeholders to Expect a Marijuana Policy Shift in the NFL

Toward the end of last week, a top National Football League (NFL) team owner, Jerry Jones, and the New England Patriots quarterback player, Tom Brady, said that the league’s marijuana rules are bound to change after the MLB announced that it is eliminating marijuana from the list of banned substances for baseball players.

In an on-air interview with a Dallas radio station on Friday, Jones said that any issue regarding marijuana is a sensitive topic across the globe. He also noted that the leagues are excited about the possibility of being at par with the social and legal scene on marijuana.

Jones observed that they are not only looking at the issue of competitiveness when it comes to substance usage but also the law, as well as the societal focus on marijuana. It is also an important issue to discuss with the players.

In an on-air interview with Westwood One Sports on Thursday, Brady said that the MLB move to remove marijuana is a sign that times are changing, and progress is good.

Brady further said that there has been rumors that the NFL is going to follow in the MLB’s footsteps. He noted that the stigma against marijuana is being eradicated. Brady also added that he is hoping that before a decision is made, they will research the benefits that will ensue from the move.

Currently, the NFL teams and players associations are negotiating on a collective bargaining agreement; this will give the owners a chance to change the rules on drug testing and punishment.

Brady said that he does not know much about the issue, but he is sure there are experts present to provide them with advice.

Jones has always been against the NFL’s strict stance on marijuana. A recent survey on cannabis showed that 67% of Americans are in favor of marijuana legalization. Punishing players for consuming cannabis could be more harmful to the NFL public image than do any good.

In the annual drugs test, if an NFL player’s results are positive, several fines are imposed, suspension and rehabilitation, whereas a contracted player can be tested at a minimum notice of 3 hours. In 2018, the NFL collected $4,000,000 in fines due to positive drug tests.

Speaking to Los Angeles Times, the former Chargers offensive lineman Kyle Turley said that players are known to side-step the process, passing annual marijuana tests, and then smoking weed the rest of the year. Baseball is a brutal game, and marijuana could help other players as it saved his life.

Speaking to The Washington Post in October, sources close to league owners said that the owners are willing to amend marijuana policies by making them less punitive, and this would limit NFL Commissioner Roger Goodell’s disciplinary powers over cannabis. The league and union are willing to study how pot can be used to manage pain.

Currently, the NFL team owners and NFL players’ unions are negotiating, and neither of the parties can comment on their progress. Past agreement negotiations lasted for a period of 57 days.

According to experts, this possible policy shift is likely to be good news for cannabis industry players like Neutra Corp. (OTC: NTRR) and Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) who have always wanted all categories of people to enjoy the benefits of marijuana, especially for medicinal purposes.

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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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