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

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

About MCTC Holdings, Inc.

MCTC Holdings, Inc. (d/b/a: Cannabis Global) is a Delaware registered, fully reporting and audited publicly-traded company. With the hemp and cannabis industries moving very quickly and with a growing number of market entrants, MCTC plans to concentrate its efforts on the middle portions of the hemp and cannabis value chain. The Company plans to actively pursue R&D programs and productization for exotic cannabinoid isolation, bioenhancement of cannabinoids and polymeric solid nanoparticles and nanofibers for addition into consumer products and for dermal application. The Company was reorganized during June of 2019 and announced its intent to enter the fast-growing cannabis sector and its intent to change its corporate identity to Cannabis Global, Inc. The Company is headed and managed by a group of highly experienced cannabis industry pioneers and entrepreneurs. More information on the Company can be viewed at www.CannabisGlobalinc.com.

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

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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Last year, Arizona residents spent more than half a billion dollars on medical marijuana, an increase from the previous year, which is an indication of marijuana prevalence within the state. This year voters will decide whether to legalize adult-use marijuana during the November elections.

According to a year-end report from the Department of Health Services in Arizona, as of December 2019, there were 220,000 registered medical marijuana patients in the state’s program. Last year, these patients bought approximately 83 tons of marijuana.

Compared to the number of tons purchased in 2018 (61 tonnes), there was a 36%  increase, and the number of patients increased by 18% over the course of one year.

The patients purchased most of the marijuana in dry flower form, which was equivalent to 75 tons. The patients also bought around 6,000 pounds of marijuana edibles and 9,226 pounds of other types of marijuana concentrates.

The state sold marijuana worth about $580 million, with each pound of marijuana was sold for an average cost of $3,500. Some of the retail marijuana outlets sell high-end cannabis, which goes for not less than $300 an ounce or approximately $5,000 per pound.

Although the price of weed was expected to drop as marijuana producers increased their efficiency, in 2018, a report commissioned by Arizona dispensaries estimated that the average retail price of marijuana stood at around $4,800 per pound.

Arizona is pushing for recreational marijuana legalization, and the latest quarterly campaign finance reports show nearly $446,000 in contributions from business from the month of October to December. Thirteen individuals also contributed approximately $1,700 towards the campaign efforts.

So far, the overall contributions were $1.6 million for the Smart and Safe Arizona Act. Since September, advocates and supporters of the measure have been collecting signatures to place the bill on the 2020 ballot.

According to the measure, people aged 21 and above would be allowed to possess an ounce of marijuana, while the issue of potency is left to the state to decide.

If the measure is voted for, the act will allow the sale of adult-use marijuana at the existing 130 medical marijuana dispensaries in the state as well as at an additional 26 licensed retail outlets which are aimed at ensuring social equity. The 26 retail outlet permits would be issued to individuals from communities that were adversely affected by prohibition.

The recreational marijuana legalization efforts in Arizona are financed by the existing medical marijuana dispensaries.

In the past quarter, Harvest Health and Recreational Inc. dispensary based in Tempe contributed $250,000. The dispensary is on the way to becoming the largest legal marijuana retailer in the U.S.

MedMen Enterprises Inc. also contributed $200,000 in October. However, the company recently sold its three medical marijuana dispensaries located in Arizona.

Analysts think that going by the sales figures for the medical marijuana market, cannabis companies like MCTC Holdings Inc. (OTC: MCTC) are certain that those glowing figures will pale in comparison to what the recreational market will generate once it is legalized.

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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Illinois launched recreational marijuana sales on Jan. 1, and less than a month later, the state is planning to open the first marijuana consumption lounge where people would be allowed to use marijuana freely on-site.

Springfield City Council approved a marijuana consumption lounge with a vote of 9 to 1. The HCI Alternatives consumption lounge will be located in the downtown area of Springfield.

Illinois has allowed people to consume marijuana in the comfort of their residences. But, with the approval of marijuana consumption lounges, fans can now consume weed socially away from their homes.

Springfield Alderwoman Doris Turner said that the reason they approved the opening of marijuana lounges was to ensure the safety of people looking to consume marijuana, which is now legal in the state of Illinois. Individuals aged 21 and above are allowed to possess and consume marijuana in the state. Turner further said that she believes that people would be more comfortable and responsible, and they will behave similarly to how they behave when they go to a bar.

The sole dissenting councilman, Alderman Joe McMenamin, said that he was concerned over the consumption of both alcohol and marijuana in the state of Illinois.

During the first day of recreational marijuana sales in Illinois, the dispensaries sold marijuana worth approximately $3.2 million, and the state dispensaries are experiencing a marijuana supply shortage; thus, not meeting the demand of its residents.

The need for safe consumption sites is on the rise as more and more states legalize recreational marijuana.

In the United States, Social Consumption Lounges are places where people can socialize while freely using marijuana, and the lounges are gaining popularity since more places can be seen establishing the consumption lounges.

Speaking to the State-Journal-Register, the owner of HCI, Chris Stone, said that he expects the marijuana lounge to be opened in April. He also said that he hopes that it will be an inspiration for the establishment of other lounges in Illinois.

Stone further said that since it is the first time they are looking to open a consumption lounge in Illinois, they are hoping that in the next three or four months, they will have developed a model that can be used by other businesses looking to venture into the same thing.

Stone also told the news outlet that people could use the movie theater behind the company’s facility to learn how to make marijuana-infused edibles.

Lowell Farms is a Cannabis Café that was opened last year in October in West Hollywood. The café has both an indoor and outdoor patio where people can consume marijuana. The café also sells marijuana products such as flower, concentrates, and edibles.

It is widely believed that cannabis industry players, such as MCTC Holdings Inc. (OTC: MCTC) and Dama Financial, are pleased to see a gradual acceptance of marijuana consumption lounges since it is only logical that there should be a way for people to consume legal marijuana in regulated places outside their homes.

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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MCTC Holdings (OTC: MCTC), a company developing unique hemp infusion technologies and cannabinoid delivery systems, today announced a new system to enable coffee and other beverage companies to easily produce clean-label hemp extract and cannabidiol (CBD) single-serving coffee and beverage pods. The product offering, named Hemp You Can Feel(TM) Coffee Infusions, is based on two recently filed patents and will allow coffee manufacturers to produce coffee pods with precisely measured amounts of hemp extracts, CBD, or other cannabinoids and avoid the complexities of CBD infusions and potency testing. “We are now offering single-serving coffee manufacturers a superior method to infuse products with CBD and other cannabinoids,” MCTC Holdings CEO Arman Tabatabaei said in the news release. “It is so revolutionary, we have filed two patents; one on the underlying powderization technology and another on the use of solid and powdered dosing forms for cannabinoids in single-serving beverage pods. With our new products, manufacturers are able to precisely dose each pod with the exact amount of active ingredient desired. The technology is easily customizable to suit the particular requirements of the application. With the product offering, even the smallest of single-serving pod manufacturers will be able to easily transform ordinary low margin products into products that are high margin and very profitable.”

To view the full press release, visit http://cnw.fm/pMw9Q

About MCTC Holdings, Inc.

MCTC Holdings, Inc. (d/b/a: Cannabis Global) is a Delaware registered, fully reporting and audited publicly-traded company. With the hemp and cannabis industries moving very quickly and with a growing number of market entrants, MCTC plans to concentrate its efforts on the middle portions of the hemp and cannabis value chain. The Company plans to actively pursue R&D programs and productization for exotic cannabinoid isolation, bioenhancement of cannabinoids and polymeric solid nanoparticles and nanofibers for addition into consumer products and for dermal application. The Company was reorganized during June of 2019 and announced its intent to enter the fast-growing cannabis sector and its intent to change its corporate identity to Cannabis Global, Inc. The Company is headed and managed by a group of highly experienced cannabis industry pioneers and entrepreneurs. More information on the Company can be viewed at www.CannabisGlobalinc.com.

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

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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MCTC Holdings (OTC: MCTC), a cannabinoid science forward company developing unique infusion technologies and cannabinoid delivery systems, today announced the filing of a patent for single-serving coffee pods containing cannabinoids and for a unique dosing system. According to the update, the system is MCTC’s sixth patent in the field of cannabinoid delivery and allows manufacturers to simply and easily add cannabinoids or other active ingredients to coffee pods. “The patent filing broadly outlines a variety of methods and technologies to be used for adding cannabinoids to single-serving coffee pods,” MCTC Holdings CEO Arman Tabatabaei said in the news release. “Our testing has shown our methods are highly effective while still being extremely easy for manufacturers to implement. With our system, any manufacturer of coffee pods can now produce CBD or other coffee pods with simple modification to their processes. The patent filing represents growth of our intellectual property by expanding our core infusion technologies to now include broader systems for cannabinoid delivery.”

To view the full press release, visit http://cnw.fm/KHxz5

About MCTC Holdings, Inc.

MCTC Holdings, Inc. (d/b/a: Cannabis Global) is a Delaware registered, fully reporting and audited publicly-traded company. With the hemp and cannabis industries moving very quickly and with a growing number of market entrants, MCTC plans to concentrate its efforts on the middle portions of the hemp and cannabis value chain. The Company plans to actively pursue R&D programs and productization for exotic cannabinoid isolation, bioenhancement of cannabinoids and polymeric solid nanoparticles and nanofibers for addition into consumer products and for dermal application. The Company was reorganized during June of 2019 and announced its intent to enter the fast-growing cannabis sector and its intent to change its corporate identity to Cannabis Global, Inc. The Company is headed and managed by a group of highly experienced cannabis industry pioneers and entrepreneurs. More information on the company can be viewed at www.CannabisGlobalinc.com.

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

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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MCTC Holdings (OTC: MCTC), a cannabinoid science forward company developing unique infusion technologies and cannabinoid delivery systems, today announced Project Varin, a program to develop new delivery systems for Tetrahydrocannabivarin (“THC-V”). According to the update, THC-V is becoming known within the cannabinoid sciences arena as the “Skinny Cannabinoid” due to its purported appetite suppression qualities and potential use as a treatment against obesity-associated glucose intolerance. “THC-V is so rare and difficult to obtain, it is currently valued at around $500,000 per kilogram, which is approximately ten times the price of gold. In order for the marketplace to utilize this potentially beneficial exotic cannabinoid, new delivery systems will need to be developed to allow the amount of THC-V administered to be efficiently utilized by the human body,” MCTC Holdings CEO Arman Tabatabaei said in the news release. “This issue of bioavailability has been a significant ongoing concern for the industry relative to many cannabinoids, but with the rarity of THC-V, the need for efficient delivery is hugely amplified. It is our goal to solve this pressing industry issue. Based on our already completed laboratory accomplishments and our patent-pending technologies, we believe this goal is within our reach.”

To view the full press release, visit http://cnw.fm/T4Uso

About MCTC Holdings Inc.

MCTC Holdings (dba Cannabis Global) is a Delaware-registered, fully reporting and audited, publiclytraded company. With the hemp and cannabis industries moving 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. MCTC was reorganized in June 2019 and announced its intent to enter the fast-growing cannabis sector and 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. For more information, visit the company’s website at www.CannabisGlobalinc.com.

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

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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MCTC Holdings (OTC: MCTC), a cannabinoid science-forward company developing unique hemp-infusion technologies, recently issued a letter to shareholders from CEO Arman Tabatabaei. An article discussing the company reads, “MCTC reorganized its management in May and redirected its budding strategy from hemp cultivation and post-harvest processing segment to the science of hemp extract and cannabinoid biodelivery, avoiding ‘many of the well-publicized issues currently being experienced in the hemp sectors’ while wholeheartedly embracing the underserved market pertaining to how cannabinoids are best utilized by the human body, Tabatabaei states in his letter (http://cnw.fm/6rbBI). . . . ‘In only a few months, through our internal development efforts and through the efforts of our CROs (contract research organizations), we have begun to make an impact within the cannabinoid sciences arena. . . . We think our cutting-edge research and development work in the laboratory is just getting started,’ Tabatabaei adds.”

To view the full article, visit http://cnw.fm/W3tTJ

About MCTC Holdings Inc.

MCTC Holdings (dba Cannabis Global) is a Delaware-registered, fully reporting and audited, publiclytraded company. With the hemp and cannabis industries moving 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. MCTC was reorganized in June 2019 and announced its intent to enter the fast-growing cannabis sector and 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. For more information, visit the company’s website at www.CannabisGlobalinc.com.

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

About HempWireNews

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

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