NewsRoom Articles - Page 206 of 542

TuesdayJun 01, 2021 4:20 pm

420 with CNW — 4 Powerful Lessons Marijuana Extractors Learned During the Pandemic

When the Covid-19 pandemic broke out, the hemp and marijuana industries took a huge hit because they relied on overseas sources, particularly China, for everything ranging from processing equipment to cartridges and even carrier oils. If marijuana processors were to stay in business, they needed to change things fast. We discuss below some of the key lessons that extractors learned as the pandemic raged on. Diversifying Supply Sources Clear Cannabis, a Denver-based manufacturer of CBD and THC concentrates, saw its supply chains disrupted in a major way. The board chair, Richard Batenburg, explains that they had to take a hard…

TuesdayJun 01, 2021 12:41 pm

Chalice Brands Ltd. (CSE: CHAL) (OTCQB: GLDFF) Leadership Team Working to Deliver on Show-Me Story

Quarter growth, cash flow key metrics indicate company moving in the right direction Chalice reported record quarterly revenues from continuing operations of $5.5 million, increase in gross profit margin “Continued profitable operations and accretive acquisitions should set us up for a record-breaking second half of 2021,” says CEO In a past Bloomberg video interview, Stonecastle Investment Management president Bruce Campbell commented on Golden Leaf Holdings (https://cnw.fm/qtYSM), a premier consumer-driven cannabis company that earlier this month finalized a name change to Chalice Brands (CSE: CHAL) (OTCQB: GLDFF). In his comments, Campbell outlined what he felt needed to happen in order for…

TuesdayJun 01, 2021 12:21 pm

Pac Roots Cannabis Corp.’s (CSE: PACR) (OTCQB: PACRF) (FSE: 4XM) Relentless Focus on Quality Begins to Pay Dividends

Recreational marijuana sales in Canada have been slow to take off despite legalization in October 2018 but look to be on the rise A survey carried out in February 2021 revealed that 40% of Canadian marijuana consumers still resorted to illegal means to obtain product due to poor quality of legal marijuana, lack of stock at retail outlets Pac Roots Cannabis seeks to avoid peers’ fate through relentless focus on premium-quality strains, coupled with strategic licensing agreement with Phenome One Corp Earlier this year, Canada’s legal market was shown to have finally overtaken illicit sales, commanding 56% of sector turnover…

TuesdayJun 01, 2021 9:00 am

Green Hygienics Holdings Inc. (GRYN) Joins Forces with Mexican Scientific Body, Creates New Company to Research Endocannabinoid Deficiencies

Green Hygienics has launched TruLife Biotech LLC. to focus on the development and advancement of innovative cannabinoid-based nutraceutical and skincare products and brands The global industrial hemp market was valued at $5.66 billion in 2020 and is expected to reach a value of $27.72 billion by 2028, growing at a CAGR of 25.17% Hemp-derived cannabinoids have been studied for the last 20 years with nothing more than pre-clinical data but the new collaboration with Cinvestav and the creation of TruLife Biotech can help answer these questions and develop the products necessary for ECS deficiencies Green Hygienics Holdings (OTCQB: GRYN), a…

TuesdayJun 01, 2021 4:20 am

420 with CNW — Missouri Legislators Advance Medical Cannabis Tax Deduction Bill to Governor’s Desk

In 2018, voters in the state of Missouri legalized medical cannabis. Despite this, the sale, distribution and cultivation of cannabis is still illegal in the state under federal law. This has created some challenges for the infant industry. For instance, cannabis companies in the state aren’t allowed to deduct business expenses on their taxes, despite being legal businesses. During a Senate hearing held earlier in this year, Senator Denny Hoskins raised the issue, noting that cannabis business owners who weren’t allowed to deduct business expenses on their tax returns had to pay significantly higher taxes. In the legislative session that…

FridayMay 28, 2021 4:20 pm

420 with CNW — New Study Suggests CBD Could Reduce Consumption of Alcohol

Cannabidiol (“CBD”) is one of more than 100 chemical compounds called cannabinoids, which are produced in the cannabis family. You've probably heard of THC (delta-9 tetrahydrocannabinol), the main psychoactive component responsible for cannabis' intoxicating effects. CBD, on the other hand, is not psychoactive, although studies have found that this cannabinoid is capable of alleviating a variety of medical conditions. While the research behind CBD's medical claims is limited, initial results have been quite promising, which has led to increased scientific interest in CBD's abilities. One of the more recent studies has uncovered something that could have wide-ranging implications for millions…

FridayMay 28, 2021 9:00 am

Hero Technologies Inc. (HENC) Subsidiary Eyeing Million-Dollar Numbers in Michigan Cannabis Sector

Cannabis sales numbers in Michigan reaching record highs HENC, Blackbox strategy includes developing 120-acre Michigan farmland into cannabis cultivation Cannabis medicinal and recreational sales numbers in Michigan are reaching record highs: year-end totals for 2020 approached $1 billion (https://cnw.fm/BylLX), and sales in 2021 have shown even more impressive growth, with March numbers hitting a record $115.4 million (https://cnw.fm/rlOo0) and April numbers approaching $154 million (https://cnw.fm/qFiFH). Cannabis company Hero Technologies (OTC: HENC) is paying close attention to Michigan’s performance because the company’s majority-owned subsidiary, BlackBox Systems and Technologies LLC, earlier this year signed a purchase agreement to acquire 120 acres of Michigan…

FridayMay 28, 2021 4:20 am

420 with CNW — A Brief Analysis of Colorado’s Cannabis Tax Revenue

In the year 2012, voters in the state of Colorado legalized adult-use cannabis and approved Amendment 64, which made it the first state in the country to have a legal recreational cannabis market. Since then, Colorado has made more than $10 billion in total cannabis sales. In 2020, while other industries suffered at the hands of the coronavirus pandemic, cannabis sales increased significantly in the state. In January this year, cannabis sales topped $180 million, which set a new record. In the last six years, the state has collected more than $1.5 billion in fee revenues and cannabis taxes. This…

ThursdayMay 27, 2021 4:20 pm

420 with CNW — Cannabis Prohibition Costs $53 Billion Annually in the US

When it was first initiated, the war on drugs had relatively noble goals: to eliminate the production, distribution, and consumption of psychoactive drugs, consequently reducing the number of people addicted to these drugs and stripping the criminal enterprises behind the drug trade of their resources. However, decades after former President Nixon declared the infamous war on drugs, the drug war is considered an unmitigated failure by most. Not only has it failed to curb drug use in the country and barely put a dent in the illicit drug trade, but it also has sent countless millions to prison for relatively…

ThursdayMay 27, 2021 11:43 am

Chalice Brands Ltd. (CSE: CHAL) (OTCQB: GLDFF) Acquisition Strengthens Company’s Footprint in Leading Cannabis Market

CHAL finalizes acquisition of five HomeGrown retail dispensaries Strategic move provides exceptional geographic compatibility with Chalice The fact that Homegrown is profitable makes this a highly accretive acquisition for GLDFF’s earnings per share In a state that is paving the way forward for cannabis, Chalice Brands (CSE: CHAL) (OTCQB: GLDFF), previously operating under the name Golden Leaf Holdings Ltd., is making its mark. The company recently announced a transformational acquisition that brings a chain of five Oregon-based retail dispensaries under the Chalice umbrella (https://cnw.fm/weqA4). The dispensaries, previously owned by SMS Ventures LLC, known as Homegrown, are located in Portland, Salem…