Uncategorized Archives - Page 91 of 251

WednesdayDec 02, 2020 4:20 am

420 with CNW — Massachusetts Reaches $1-Billion Milestone in Marijuana Sales

Despite the life-changing events of 2020, the U.S. cannabis industry has remained relatively stable. When the coronavirus pandemic broke out, several industries essentially shut down while others limped on with ever-dwindling revenues, resulting in the worst financial crisis the United States has seen since the Great Depression. One of the few industries deemed “essential,” the relatively young marijuana industry continued operating in spite of the lockdown orders and consistently broke sales records month over month. Cannabis sales in Massachusetts have officially surpassed $1 billion since the recreational cannabis market was launched two years ago on Nov. 20, 2018, says the…

WednesdayNov 25, 2020 1:00 pm

As Global Cannabis Sales Grow 38% in 2020, Gage Cannabis Co. Expands to Offer Recreational Marijuana at Flagship Location

Research suggests cannabis sales increased 38% from 2019 to 2020 Gage expanding into fast-growing Michigan market, now offering recreational marijuana at flagship Ferndale location Adult-use cannabis revenues in Michigan projected at $1 billion per year for 2021, surpassing $1.5 billion by 2023 Quarterly sales nearly doubled to $11.9 million in Q2 2020 from $5.8 million in Q1, expected to surpass $13.1 million in Q3 Recent research published by BDSA (formerly BDS Analytics) suggests that the global cannabis industry continues to grow despite COVID-19, with forecasts predicting that 2020 sales will reach $19.7 billion - an increase of 38% from 2019 (https://cnw.fm/92BFe). One…

WednesdayNov 25, 2020 11:30 am

Pure Extracts Technologies Corp. (CSE: PULL) Strengthens Oil Extraction Business, Ventures into Functional Mushroom Space

Pure Extracts carried out its initial oil extraction, distillation trials in early November, plans to commence extraction tolling services in December Once Sales License is obtained from Health Canada, the Company plans to begin marketing its own ‘Pure Pulls’ branded cannabis derived product range Pure Extracts will simultaneously seek to market Company’s white-labelling prowess, offering oil extraction capabilities to Licensed Producers currently operating in cannabis space Company also announced its interest in joining functional mushroom sector, with its first products set to be launched in 1Q2021 Separately, Pure Extracts named Dwight Duncan to its Board of Directors Pure Extracts Technologies…

MondayNov 23, 2020 3:57 pm

The Alkaline Water Company (NASDAQ: WTER) (CSE: WTER) Meets Growing Demand for Single-Serve Beverages with Flagship Alkaline88 Offering

Recent study reports that consumers are opting for single-serve beverages; bottled water outperforms carbonated beverages WTER’s flagship product — Alkaline88 — now available in easy-to-carry, two-liter single-serve bottles Company’s A88 flavor-infused water offering gaining significant market share, available in growing number of spaces A growing number of consumers who drink and snack throughout the day are turning to single-serve, ready-to-drink beverages, often found most easily at c-stores, according to a recent Shop Association report (https://cnw.fm/82iZ2). Recognizing the market opportunity, The Alkaline Water Company (NASDAQ: WTER) (CSE: WTER) recently launched a new 2-liter single-serve option to meet that increased customer demand (https://cnw.fm/y6hUs). “Overall, the beverage…

ThursdayNov 19, 2020 2:36 pm

Pure Extracts Technologies Corp. (CSE: PULL) Begins Trading, Extraction Tolling Business Ramping Up

Pure Extracts Technologies trading on CSE under symbol PULL Company runs first oil extraction, distillation under new licenses PULL products highly desired by provincial dispensaries as consumers gravitate to FSO An emerging leader in extraction, Pure Extracts Technologies (CSE: PULL) began trading on the Canadian Securities Exchange (“CSE”) earlier this month under the symbol ‘PULL’. The plant-based extraction Company focuses on cannabis, hemp, and functional mushroom sectors and uses its proprietary CO2 extraction methodology to obtain full-spectrum oil (“FSO”) from cannabis and hemp biomass. “We are pleased to have listed on the Canadian Securities Exchange as a significant first step…

ThursdayNov 19, 2020 12:07 pm

The Alkaline Water Company’s (NASDAQ: WTER) (CSE: WTER) A88CBD Product Line Perfectly Positioned for Growth in C-Store Space

Sales of CBD products through convenience, gas stores grew by 2,276% in 2019. CBD drinks, valued at $52 million in c-store sales in 2019, are highly popular among new consumers. WTER offers A88CBD(TM) product line including beverages and lab-tested, hemp extract gummies, capsules, salves, balms, lotions and more. As the use of cannabidiol (“CBD”) becomes more mainstream, convenience stores are in an ideal position to benefit from the product’s rapid growth, according to a recent CBD Retail Trends article (https://cnw.fm/j0fIO). That’s good news for The Alkaline Water Company (NASDAQ: WTER) (CSE: WTER), a company with a robust CBD-infused beverage line and a…

WednesdayNov 18, 2020 12:04 pm

Pure Extracts Technologies Corp. (CSE: PULL) Now Trading on the Canadian Securities Exchange Under “PULL” Symbol

Pure Extracts trading on CSE under “PULL” symbol Pure Extracts cannabis and hemp industry verticals include toll processing, white labeling and developing its own private label of cannabis products Pure Extracts is entering the functional mushroom market Company’s CO2 extraction facility complies with European Union GMP standards - intends to seek EU GMP certification for exports to Europe Pure Extracts Technologies (CSE: PULL), a plant-based extraction company focused on the cannabis, hemp, and functional mushroom sectors, recently announced that the Company’s stock is now trading on the Canadian Securities Exchange (“CSE”) under the symbol “PULL”. “Our trading debut on the…

MondayNov 16, 2020 3:30 pm

HempFusion Wellness Builds Reputation for Safety in the Global CBD Market, Aims to IPO on TSX Exchange

HempFusion Wellness, Inc. is a health and wellness company developing the power of whole-food hemp nutrition through more than 40 products currently on store shelves The company is focused on industry safety and quality standards through regulatory compliance, and is currently participating in a real world consumer study to establish the safety of daily cannabidiol (“CBD”) use in regard to liver function HempFusion has filed a preliminary prospectus for a planned initial public offering of its stock in Canada and a listing on the Toronto Stock Exchange Despite a reduction in hemp farm acreage this year following last year’s glut,…

ThursdayNov 12, 2020 2:37 pm

Gage Cannabis Prepares to Capitalize on Stunning Growth Within Michigan’s Cannabis Industry

Gage Cannabis, vertically integrated cannabis operator, has stated goals to become fastest-growing cannabis brand in state of Michigan Michigan’s cannabis industry has benefitted from strong growth momentum ever since state passed motion to legalize cannabis for adult recreational use in 2018; sector now valued at estimated $3 billion per annum at maturity Gage Cannabis currently has five retail locations across Michigan along with three wholly-owned cultivation centers all fully operational Company posted $13.1 million in 3Q2020 sales (unaudited), a 129% increase from its 1Q2020 figure of $5.8 million On December 4, 2018, Michigan officially became the 10th state in the…

TuesdayNov 10, 2020 4:31 pm

Gage Cannabis Co.’s Lansing Location Now Offering Recreational Marijuana

Experts expect the recreational marijuana market in Michigan to rival the numbers currently seen in some of country’s top cannabis markets within the next few years Gage Cannabis Co. is innovating and curating the highest-quality cannabis experiences possible for cannabis consumers in the state of Michigan New Lansing location offers a wide range of products, all available for purchase through curbside delivery or walk-up pick up Gage Cannabis is strengthening its position as Michigan’s leading high-quality craft cannabis brand and operator by offering recreational marijuana at its Lansing, Michigan location (https://cnw.fm/QxA9R). The company is committed to building the fastest-growing cannabis brand in…

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