Chris@CNW, Author at CannabisNewsWire

TuesdayMay 04, 2021 4:20 pm

420 with CNW — Cannabis Legalization Bill Advanced to Montana Governor’s Desk

Montana’s state legislature has approved a legislation that establishes the recreational cannabis program voters had approved during the November 2020 elections and advanced it to the governor’s desk. Last week, the House approved HB 701, which had thrice been modified by the state Senate. The retail sale of recreational cannabis in the state is scheduled to begin early in 2022. The legislation, which was introduced nearly five weeks ago, has been amended a number of times in both the House and Senate chambers, with some officials voting to prevent it from advancing. Earlier last week, a group of GOP legislators…

TuesdayMay 04, 2021 3:07 pm

Sonoma Biologics, Sought-After Place-Based Designation for High-Quality Cannabis in Sonoma County

The name Sonoma is analogous with not only wine country but diversified agriculture, and now ultra-premium cannabis High-end consumers are seeking out place-based designations that they trust and they willing to pay a premium Investors are turning to companies like Sonoma Biologics, who have already established themselves within the competitive California market and have shown themselves capable of scaling up quickly without compromising on product Sonoma Biologics, an ultra-premium cannabis grower focused on the medicinal and recreational cannabis markets, is on a mission to become one of the largest organic-equivalent, environmentally friendly cannabis suppliers in northern California. The Company utilizes…

TuesdayMay 04, 2021 2:19 pm

XPhyto Therapeutics Corp. (CSE: XPHY) (OTCQB: XPHYF) (FSE: 4XT) Inks Distribution Agreement for Rapid COVID-19 Test Kits; Expands Commercial Leadership Team in Anticipation of Strong, Sustainable Sales

XPhyto Therapeutics Corp. recently announced it has entered into a distribution, storage and logistics agreement with a German distributor with an established network throughout Germany Germany holds promise due to regulations requiring mandatory weekly testing for its citizens; this has the possibility of ramping up sales Anticipating the increase in sales and distribution, XPhyto expanded its commercial leadership team by bringing on board Mr. Wolfgang Probst and Mr. Manfred Buchberger Mr. Probst will be the company’s Chief Operations Officer (“COO”), while Mr. Buchberger will be the Head of Corporate Development at wholly owned subsidiary XP Diagnostics GmbH The approvals XPhyto…

TuesdayMay 04, 2021 1:16 pm

Golden Leaf Holdings Ltd. (CSE: GLH) (OTCQB: GLDFF) Inks LOI to Acquire Oregon Retail Chain Store

Retail chain store projected to generate estimated $10M annually Company CEO calls acquisition “transformative” Retail is valued resource for GLH development of product lines, execution on brand messaging Golden Leaf Holdings (CSE: GLH) (OTCQB: GLDFF), a proven, consumer-driven cannabis company in both the medicinal and recreational marijuana market segments, has signed a letter of intent (“LOI”) to acquire a retail chain in Northwest Oregon, which is forecast to generate an estimated $10 million in annual run rate revenue (https://cnw.fm/Af1Vt). “The acquisition of this retail chain will be transformative for GLH, as it would further cement us as a leader in…

TuesdayMay 04, 2021 10:56 am

RYAH Group About to Start Trading on Canadian Securities Exchange

RYAH Group to start trading on Canadian Securities Exchange following a transaction involving a triangular merger RYAH Group is digital health care analytics and technology company developing innovative solutions for the plant-based medical industry RYAH is poised for growth as the world transitions to remote health at an accelerated pace due to the pandemic RYAH Group (formerly known as Prime Blockchain Inc.) will start trading on the Canadian Securities Exchange under the ticker symbol "RYAH" today (https://cnw.fm/91d65). The New York-based digital health care analytics and technology company is focused on the development and commercialization of innovative technology, including software and…

TuesdayMay 04, 2021 3:25 am

420 with CNW — Important Lessons to Learn from 4/20 Marijuana Sales Data

Cannabis lovers in the United States celebrated 4/20, a stoner’s holiday held on April 20 every year, almost a week ago. According to Headset, a marijuana data analytics firm based in Seattle, April 20 is the single largest sales day in the country each year since the legal sale of recreational cannabis began. The data released by the firm shows that the proportion of sales that takes place on 4/20 increases year over year, except for last year. This can be attributed to the fact that April 20 last year fell on a Monday, which generally tends to have lower…

MondayMay 03, 2021 4:20 pm

420 with CNW — Statistics Show Marijuana Industry Registering Increases in Employee Compensation

Despite its relative youth, the state legal cannabis industry has proven to be quite profitable. The sector has provided states with millions of dollars in tax revenue at a time when their coffers were running dry and employs hundreds of thousands of Americans across the country. According to a new report, marijuana's soaring success over the last few years has resulted in year-over-year increases in compensation packages for most lower-, mid-, and top-level employees. Additionally, the marijuana industry is much more disciplined with pay compared to how some companies acted three to four years ago, says Dan Walter, a compensation…

MondayMay 03, 2021 12:47 pm

Pure Extracts Technologies Corp. (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ) Makes Headway into Canadian Cannabis Vape Market with 25,000 Unit Production Run

Production underway for 25,000 vape cartridges using PULL full spectrum oil formulations, including Super Lemon Haze, Grand Daddy Purple and Girl Scout Cookies/GSK Company estimates retail sales revenue for this production run will be approximately $750,000 60% of respondents in StatCan’s Canadian 2020 Cannabis Survey that used vaporizer for cannabis in the last 12 months used oil/extracts “Cannabis 2.0,” the colloquial term for legalization of cannabis derivatives in Canada late in 2019, represented the outset of new trends in how people consume cannabis products with the accessibility of goods like drinks and vape products. While some companies have devoted considerable…

MondayMay 03, 2021 11:26 am

SRAX Inc. (NASDAQ: SRAX) Hosts First-Ever Sequire Cannabis Conference Featuring 40 Company Presentations, Exclusive Keynote Interviews

SRAX held first-ever virtual Sequire Cannabis Conference on April 20, 2021 Event featured over 40 cannabis company presentations, keynote appearances by Steve DeAngelo, Dr. Sue Sisley, Emily Paxhia, Steven Hawkins, Dr. Jeffrey Chen Sequire provides data analytics tools that help public companies track investor activity, such as investor tracking, warrant management, shareholder surveys Sequire has grown to over 3 million users across 183 companies since 2019 SRAX (NASDAQ: SRAX), a financial technology company that unlocks data and insights for publicly traded companies through Sequire, its SaaS platform, recently held its first-ever virtual Sequire Cannabis Conference on April 20, 2021 (https://cnw.fm/cbxjK). Nearly one…

MondayMay 03, 2021 4:20 am

420 with CNW — Ways Marijuana Extraction Companies Can Minimize Energy Costs

Power costs are among the highest costs for any facility that manufactures marijuana. The cannabis industry’s energy consumption has a negative effect on climate change as well as the environment. For environmentally conscious marijuana extraction companies that would prefer to operate in a more sustainable manner, decreasing energy use should be a top priority. To decrease their power consumption and costs, marijuana extraction companies can: Make use of manufacturing environmental standards that increase efficiency and decrease waste. Use equipment that keeps power consumption under control. Operate their machines during off-peak hours when electricity costs are lower. The above tips sound…