NewsRoom Articles - Page 428 of 596

FridayMay 31, 2019 10:50 am

Earth Science Tech Inc.’s (ETST) White-Label Initiative Designed to Gain Market Share

The company is now able to fulfill inquiries about white labeling its full-spectrum cannabinoids line ETST has added markets for CBD products through two distribution agreements The company continues to eye product placement in large chain and health food stores, dispensaries, chiropractor offices, athletic clubs and clinics Earth Science Tech Inc. (OTCQB: ETST), a biotech company focused on the nutraceutical and pharmaceutical fields, is seeking to gain more market share through its white-label initiative that offers marketers the ability to rebrand its full-spectrum cannabinoids line (http://cnw.fm/s4QmA). “I’m excited to share that our sales have consistently increased over 100% every month,” ETST…

FridayMay 31, 2019 10:22 am

MariMed Inc. (MRMD) Reports 69% Jump in Q1 2019 Revenues, Adopts Growth Strategy

MRMD improved its adjusted EBITDA in Q1 2019 by 76 percent The company’s multipronged strategy for growth includes continued consolidation of cannabis operations and the launch of a subsidiary MariMed CEO identified the company as a “significant early mover” in the burgeoning CBD health and wellness market MariMed Inc. (OTCQB: MRMD) recorded a 69 percent jump in revenues to $3,515,815 for the three months ended March 31, 2019, as compared to $2,082,950 for the comparable period of the prior year. The company’s gross profit for the quarter rose 90 percent, to $2,261,025, from $1,194,081 for the same period in 2018.…

FridayMay 31, 2019 4:20 am

420 with CNW – Arizona Medical Cannabis Dispensaries Celebrate Supreme Court Decision on Concentrates as Sales Soar

In a 7-0 emphatic decision, the Supreme Court of Arizona has quashed a ruling by the Court of Appeal to the effect that marijuana concentrates, such as hashish, were not included in the law which legalized medical marijuana in the state. This case arose after Yavapai County convicted a patient with a valid medical marijuana card issued by the state for possessing hashish. In their ruling delivered on Tuesday (May 28), the justices affirmed that the law legalized all forms of the cannabis plant, including the concentrates made from any segments of the plant that manufacturers deemed fit for processing.…

ThursdayMay 30, 2019 4:20 pm

420 with CNW – Illinois Senate Passes Recreational Cannabis Legislation Bill

As the legislative session enters its final days, the senate in Illinois has voted to pass a recreational cannabis legalization bill after months of debate and modification. The bill now goes to the Assembly before being presented to Gov. Pritzker by the end of this month. The bill has a number of provisions which are intended to promote social equity once the marijuana industry becomes fully legal. For example, the bill provides for the automatic expungement of previous convictions for the possession of less than an ounce (30 grams) of marijuana. Individuals who were convicted for possessing between 30-500 grams…

ThursdayMay 30, 2019 11:56 am

NCIA Cannabis Business Summit & Expo 2019 Offers Unique Opportunity to Intermingle with Industry Innovators and Influencers

With its 6th Annual Cannabis Business Summit & Expo, the National Cannabis Industry Association (NCIA), the largest cannabis trade association in the U.S. and the only organization broadly representing state-sanctioned cannabis-related businesses at the federal level, is once again offering a unique opportunity to intermingle with industry innovators and influencers. Set to run from Monday, July 22, to Wednesday, July 24, at the San Jose Convention Center, the event will feature presentations by 150+ influential figures. Over 10,000 attendees are expected. They will be served an informative fare that includes updates on current developments in the space, as well as…

ThursdayMay 30, 2019 11:22 am

Nabis Holdings (CSE: NAB) (OTC: INNPF) (FRA: 71P) Participates in Inaugural Cannabis Forum, Purchases Facility in Washington

Nabis Holdings discussed the importance of cannabis legislative changes during an inaugural edition of a congressional cannabis forum in Washington, DC The company also announced the acquisition of a cannabis extraction and production facility in Washington state Through modernization and expansion, the company plans to ramp up the facility’s production capacity to 20,500 kilograms per year Jade Green, special advisor to Nabis Holdings (CSE: NAB) (OTC: INNPF) (FRA: 71P), participated in the KCSA Strategic Communications’ Inaugural Congressional Cannabis Day Forum that took place in Washington, DC on May 21, 2019. Green attended a panel discussing important legislative changes such as…

ThursdayMay 30, 2019 10:56 am

Geyser Brands Inc. (TSX.V: GYSR) Expands Production Facility, Hopes to Capitalize on CBD Wellness Markets

Geyser Brands recently commenced upgrades; it anticipates R&D and processing amendments The facility expansion is expected to improve the company’s focus on processing quality and consumer satisfaction Solace Management Group recently increased its production capacity and invested in new equipment for consumer health care and pet wellness production Geyser Brands Inc. (TSX.V: GYSR) is a leading Vancouver-based consumer health care company producing some of the world’s most popular cannabis brands and products. The company’s licensed producer (LP), Apothecary Botanicals, has received Health Canada license amendment approval to update its 7,000-square-foot facility located in Port Coquitlam, British Columbia. This expansion, anticipated…

ThursdayMay 30, 2019 4:20 am

420 with CNW – Missouri Puts Final Touches to Medical Marijuana Rules

Voters in Missouri approved a ballot measure which legalized medical marijuana in 2018. In March this year, the Department of Health and Senior Services released draft rules for the medical marijuana program and invited public comment on those rules. Last week, the department completed making changes to the draft rules based on the feedback received and they published the revised draft rules on the department’s website on Friday. The rules cover 11 broad aspects of the medical cannabis program. These include rules covering patients and caregivers participating in the program, cultivation facility license procedures and requirements, testing facilities, seed to…

WednesdayMay 29, 2019 4:20 pm

420 with CNW – TSA Starts Allowing Epilepsy Drug Derived from Cannabis on Flights

The Transportation Security Agency (TSA) has updated its website to show that a pediatric epilepsy drug made from marijuana can now be accepted on flights. This change comes after the TSA was notified about the approval of that drug by the Food and Drug Administration (FDA). The updated guidance provided to passengers by the TSA indicates that subject to special conditions, certain forms of medical marijuana can now be taken on board flights either in checked luggage or carry-on luggage. The government agency added that while the federal government’s position on substances containing marijuana hasn’t changed, an exception is being…

WednesdayMay 29, 2019 11:33 am

South Africa Distribution Pact Expands Global Reach of Wildflower Brands Inc. (CSE: SUN) (OTCQB: WLDFF)

The global hemp cannabidiol market is expected to top $22 billion worldwide by 2022, with CBD products comprising 25 percent of all cannabis sales Wildflower Brands is expanding the wellness reach of its cannabis products through a distribution pact with South African cannabis network provider Africann The company is also launching into Europe with a Polish network agreement through pharmaceutical distributor Two Towers Cannabis-based wellness brand champion Wildflower Brands Inc. (CSE: SUN) (OTCQB: WLDFF) continues to expand the reach of its holistic plant product portfolio, inking an exclusive distribution agreement for the South African natural betterment market this month. The…

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