NewsRoom Articles - Page 271 of 610

WednesdayJun 16, 2021 4:20 am

420 with CNW — Congressional Bill Could Enable Researchers to Study Cannabis from Dispensaries

Earlier this week, a congressional committee revealed its plans to vote on a legislation that will enable scientists to study cannabis products from state-legal dispensaries. The 1,200-page legislation, which has been advanced to the House Transportation and Infrastructure Committee, will allow researchers to carry out research on impaired driving using actual cannabis products that consumers use and purchase. Additionally, it would enable the interstate distribution of marijuana to researchers in jurisdictions that are yet to legalize the plant. This isn’t the first time the bill has been introduced, as an earlier version that had similar cannabis provisions was passed in…

TuesdayJun 15, 2021 4:20 pm

420 with CNW — AI Could Help Despite Shortage of Cannabis Data

Even though cannabis has been legal for either medical or recreational use in several states for years now, its status as a classified drug at the federal level has been a constant thorn in the state-legal cannabis industry's side. Not only has this made navigating the business and financial world extremely challenging for cannabis businesses, but it has made any sort of research into cannabis nearly impossible. With the young cannabis sector growing bigger every year, the lack of scientific data on marijuana poses a major problem, especially in regards to medical cannabis. Cannabis produces more than 100 compounds called…

TuesdayJun 15, 2021 1:19 pm

XPhyto Therapeutics Corp. (CSE: XPHY) (OTCQB: XPHYF) (FSE: 4XT) Commences Sale of Rapid COVID-19 RT-PCR Test Kits in Germany Amid Potential Surge in Demand

XPhyto’s distribution, storage, and logistics partner, Max Pharma GmbH, began the sale and delivery of its rapid test kits (Covid-ID Labs) in Germany on May 25 Max Pharma will sell Covid-ID Labs at volume-dependent pricing comparable to other COVID-19 PCR test products on the market The announcement comes as Germany reopens, meaning XPhyto is likely to benefit from a raft of regulatory requirements instituted by the government, which could potentially increase demand The Covid-ID Labs is both fast and accurate, factors that could make it the go-to product, given the inaccuracies and low sensitivity of many rapid antigen tests As…

TuesdayJun 15, 2021 9:00 am

Hero Technologies Inc. (HENC) Acquisition Includes Proprietary Technology, Positions Company in Aeroponics Space

HENC acquired majority stake in BlackBox Systems and Technologies LLC late last year Aeroponics is a method of growing plants in an environment with no soil HENC’s exclusive aeroponics technology provides optimal conditions to enhance photosynthesis, cultivation of large flowering plants A strategic acquisition by Hero Technologies (OTC: HENC) last year has made the company a clear contender in the cannabis aeroponics cultivation space. In November 2020, HENC executed an acquisition and operating agreement resulting in the company acquiring a majority stake in BlackBox Systems and Technologies LLC, an aeroponic cannabis cultivation system that uses proprietary technology (https://cnw.fm/EHjNn). Aeroponics, or a…

TuesdayJun 15, 2021 9:00 am

BevCanna Enterprises Inc. (CSE: BEV) (OTCQB: BVNNF) (FSE: 7BC) Expands TRACE Product Distribution in U.S., Announces $2.4M White Label Revenue Forecast

BevCanna expanding distribution of TRACE mineral-rich beverages, supplements into U.S. through new distribution agreement with Benefit Brand Management TRACE products feature proprietary plant-based mineral-rich formula sourced from British Columbia’s Rocky Mountains Company announced approximated forecasts of $2.4 million revenue, $0.63 million gross profit, based on annual minimum order quantities, committed order queue, and does not include contracts that are yet to be finalized or under negotiation. BevCanna Enterprises (CSE: BEV) (OTCQB: BVNNF) (FSE: 7BC) is a diversified health & wellness beverage and natural products company focused on developing and manufacturing a range of plant-based and cannabinoid beverages and supplements for…

TuesdayJun 15, 2021 9:00 am

Pure Extracts Technologies Corp. (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ) Expands Sales into Public Sector with BC Liquor Distribution Board Purchase

PULL secures edible cannabis gummies order from British Columbia Liquor Distribution Branch PULL’s cannabis gummies produced in blister packs using proprietary manufacturing system licensed from US-based Taste-T, LLC SKUs include 10 mg THC options in Fire Burst, Strawberry, and Mango flavors, three additional non-THC SKUs currently in development Global CBD gummies market estimated at $1.6 billion in 2020, 30.7% CAGR from 2021 to 2028 Pure Extracts Technologies (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ), a plant-based extraction company focused on cannabis, hemp and the rapidly emerging psychedelic sector, recently secured an initial purchase order through subsidiary Pure Extracts Manufacturing Corp., from…

TuesdayJun 15, 2021 4:20 am

420 with CNW — Marijuana Extracts: The New Focus of the Marijuana Industry

As the global marijuana industry continues growing, major businesses are partnering with companies in the industry, conducting research and exploring marijuana in an attempt to develop new product lines for the medical and recreational segments of the industry. In addition, regulatory changes are being made through supportive federal legislative action in the marijuana space allowing marijuana extraction companies to grab innovative economic investment opportunities as well as develop a new generation of edibles. Estimates show that by 2026, the global marijuana industry will reach $97 billion, with a compounded annual growth rate of roughly 32% in that period. However, while…

MondayJun 14, 2021 4:20 pm

420 with CNW — Federally Funded Research Concludes Testing THC Level to Detect Driver Impairment Is Unreliable

In a bid to reduce the rates of impaired driving as cannabis becomes more accessible, several states have set THC thresholds that bar individuals who have more than a certain amount of THC in their system from driving. The thinking is that, as with alcohol, higher levels of THC in the blood are directly responsible for higher levels of impairment, and establishing a threshold gives law enforcement officials a standard for which they can test to see how impaired an individual is. While it is a noble policy that's geared towards ensuring safety on the roads, cannabis proponents have long…

MondayJun 14, 2021 2:33 pm

Join us for World Psychedelics Day – June 20th (6·20)

World Psychedelics Day (WPD) is an annual event dedicated to building awareness of, and respect for, the therapeutic and life-enhancing potential of psychedelics. Taking place Sunday, June 20th, 6·20, WPD honours the breakthroughs in scientific research and Indigenous psychoactive plant medicines which gave rise to the “Psychedelic Renaissance”. “World Psychedelics Day offers people the opportunity to seek out truthful information about psychedelics, to discover those who are knowledgeable, qualified by deep research, or their own experience, who can share useful insights,” says Dr. Andrew Weil, Director of the Andrew Weil University of Arizona Center for Integrative Medicine and Spokesperson for…

MondayJun 14, 2021 4:20 am

420 with CNW — Cannabis Boom Revives Storefronts, Factories; Brings Jobs to Michigan

Before the state of Michigan legalized marijuana, various areas in the Southwest were filled with empty storefronts and warehouses. However, the plant’s legalization brought with it marijuana-industry investors into the state who were looking for locations to process and grow plants, as well as establish dispensaries. City leaders in southwest Michigan state that the marijuana industry has brought more than 10 years’ worth of redevelopment to the area, adding that even more projects are scheduled to begin in the next year or so. In the last two years alone, the sum investment in equipment and buildings in Buchanan and Niles…