NewsRoom Articles - Page 431 of 587

MondayApr 29, 2019 4:20 am

420 with CNW – SOL Global Expands into Michigan Cannabis Industry with $150M Acquisition

On April 23, 2019, SOL Global, one of the leading medical cannabis companies in Florida, signed a binding letter of intent with Merida Capital Partners to acquire MCP Wellness, Inc., a subsidiary of Merida Capital. The acquisition is worth $150 million, and it will see SOL Global take over the Michigan firm which is just about to acquire two licenses to cultivate cannabis as well as a license to process the cannabis and three more to dispense medical cannabis. Additionally, MCP Wellness, Inc. has plans to establish nine provisioning (dispensing) centers by August this year if the municipalities approve their…

FridayApr 26, 2019 4:20 pm

420 with CNW – Cannabis Users Tend to Weigh Less, Study Finds

New research shows that people who use marijuana tend to weigh less than those who don’t. These findings run contrary to a common perception that cannabis users end up becoming obese. The researchers took data from the National Epidemiologic Survey of Alcohol and Related Conditions and analyzed the BMI (body mass index) of 33,000 participants in the survey. The analysis showed that out of all the cannabis users, 15 percent could be categorized as obese while the fraction of obese people among non-users of cannabis stood at 20 percent. The data studied indicated that during the three-year period under scrutiny,…

FridayApr 26, 2019 12:29 pm

Global Consortium Inc. (GCGX) Says Uplisting Process is Underway, Receives Annual Cannabis Manufacturing License

During an investor conference call, GCGX’s CEO noted that the company’s ultimate goal is to be listed and traded on the Nasdaq California has issued an annual license for adult and medicinal cannabis manufacturing to Global Consortium Group LLC CEO Dwyer added that GCGX subsidiary Infused Edibles is expected to see its production operations relocated to Sacramento, California, by the end of Q2 Global Consortium Inc. (OTC: GCGX) CEO Matthew Dwyer said during an investor conference call (http://cnw.fm/Us6Cp) that the company has already started its uplisting process by consolidating financials for its audit team. Following that, the company plans to…

FridayApr 26, 2019 11:56 am

Geyser Brands Inc. (TSX.V: GYSR) Building CBD-Based Product Portfolio in Wellness Industry

Geyser Brands has completed its first test harvest and second harvest as a cannabis cultivator under Health Canada’s licensing regulation, and it is working to complete licensing for direct-to-consumer sales; its third harvest, now in the ground, promises a 200 percent yield increase over the first two harvests GYSR recently undertook a $400,000 private placement financing bid and welcomed two new investor relations officers to boost its management team The company has signed a non-binding letter of intent to acquire the cannabis brands and assets of Solace Management Group Cannabis cultivator Geyser Brands Inc. (TSX.V: GYSR) is beginning to steam…

FridayApr 26, 2019 11:21 am

Marijuana Company of America Inc. (MCOA) Celebrates Significant Revenue Growth, Budding Cannabis Delivery Service

Marijuana Company of America Inc. has returned to its roots with a joint venture to launch a cannabis delivery service targeted at California’s recreational market Market researchers predict that California’s cannabis sales will hit $5.1 billion this year and $7.7 billion by 2022 MCOA’s year-end financial report noted an increase of 840 percent in annual revenues, thanks primarily to the company’s proprietary hempSMART brand Marijuana Company of America Inc. (OTCQB: MCOA) is solidifying its position as an innovative pioneer in the cannabis industry as it forms a strategy for new growth and celebrates significant revenue gains over the past year.…

FridayApr 26, 2019 9:56 am

7 Ways Cannabis Improves Quality of Life for Seniors, According to Studies

Did you know that 75 percent of seniors (age 65 or older) suffer from at least one chronic condition? These conditions could range from Alzheimer's to arthritis, and most of them take a toll on quality of life. What if we could prevent that? Or what if there was a better way to treat these age-related ailments? It would certainly make one's golden years more vibrant and enjoyable. As medicine moves into a more technological future, diseases of aging are becoming a major topic of conversation. While scientists have yet to discover the fountain of youth, recent research advancements have…

FridayApr 26, 2019 4:20 am

420 with CNW – Group Plans 2020 Ballot Measure to Legalize Recreational Cannabis in Montana

Coalition406, a new group in Montana, is planning to formulate a ballot measure so that residents can decide whether recreational marijuana should be legalized in the state during the 2020 elections. In recent years, efforts to legalize adult-use marijuana have attracted growing support in the population. This support is buoyed by the increasing number of states that are either in the process or have already legalized recreational marijuana. A poll conducted in February this year by researchers from the University of Montana found that 51 percent of all voters in the state support recreational cannabis legalization. Coalition406 strongly believes that…

ThursdayApr 25, 2019 4:20 pm

420 with CNW – Epileptic Dogs Get Fewer Seizures When Given CBD Oil, Study Finds

A new study whose results were published in the journal Pet Behavior Science indicates that dogs with epilepsy have less frequent seizures if treated using CBD oil. The study was small because it only followed three dogs over a period of two months while those dogs were treated with CBD oil. The research suggests that dogs respond to cannabis treatment in the same way that humans do. The age and breed of the dogs studied varied. For example, one dog was a Labrador Retriever aged 3. This dog used to suffer an average of one epileptic seizure every month. A…

ThursdayApr 25, 2019 1:46 pm

Hemptown USA is “One to Watch”

Proprietary genetics program with strains high in CBG, CBD, CBN and other high-potential cannabinoids Exclusive rights to 1 million rare CBG seeds for the 2019 growing season and beyond Biomass producing higher yields with up to 20% full-spectrum CBD and other cannabinoids Multistate farming presence in Oregon, California, Colorado and Kentucky projected to cultivate 3,000 acres by 2020 Sales and distribution channels include contract wholesale, bulk wholesale, in-house brands and white labeled products Disruptive product formulation ensures water solubility, high bioavailability and efficacy S. hemp-derived CBD sales forecast calls for $22 billion by 2022 Hemptown USA, headquartered in Central Point,…

ThursdayApr 25, 2019 1:07 pm

Sugarmade Inc. (SGMD) Among Hemp-Related Businesses Likely to Benefit if Congress Approves Cannabis Banking Legislation

Sugarmade is focusing its hydroponic agricultural supplies operation on the emerging hemp industry Passage of the 2018 Farm Bill opened the gates to a new wave of hemp farming that portends a possible boom market The hemp industry has suffered from the same banking antipathy afflicting state-legal marijuana businesses because of federal regulation of cannabis’ drug uses Congress has begun considering legislation that would potentially bar federal agencies from penalizing financial institutions that serve cannabis-related businesses Congressional legislation that aims to open banking institutions’ doors to the cannabis industry would not only benefit state-legal marijuana businesses, but also agricultural businesses…