June 2021 - Page 5 of 9 - CannabisNewsWire

ThursdayJun 17, 2021 4:20 am

420 with CNW — NFL Funds Cannabis Research Despite Continued Prohibition Hindering Research

The NFL-NFLPA Committee, which was formed by the players’ union in the National Football League and the NFL, recently revealed its plans to award grants to researchers to facilitate research on the therapeutic potential of CBD, cannabis and other opioid alternatives for pain management. During a press conference held last week, a representative from the Joint Pain Management Committee stated that there were numerous innovative ideas in the psychedelics space, adding that important research needed to be financed. Dr. Kevin Hill, co-chair of the committee, stated that the federal policy unfavorably affected the level of research permitted, given the ongoing…

WednesdayJun 16, 2021 4:20 pm

420 with CNW — How Extractors Keep Microbials, Mold from Cannabis Products

The cannabis industry has been riding high for the past few years, earning billions of dollars as more states have chosen to legalize it for either medical or recreational use — even both. Despite cannabis becoming even more accessible, many consumers don’t stop to think about how much care is taken to ensure the products they see on the shelves are of top quality. Anyone who deals with plant material early on in the supply chain will tell you moisture is enemy number one. With moisture comes mold and microbials, and when it comes to marijuana and hemp extracts, handling and…

WednesdayJun 16, 2021 9:54 am

Golden Triangle Ventures Inc. (GTVH) Finalizes Acquisition of Industrial Hemp, CBD Industry Leader

GTVH completes acquisition of long-time partner Sonder Fulfillment LLC CEO believes acquisition will lead to “one of the most powerful and greatest end-consumer CBD product manufacturers in the entire world” With added resources, Sonder Fulfillment can increase marketing efforts, create new distribution channels and vastly expand international footprint Golden Triangle Ventures (OTC: GTVH), a multifaceted consulting company pursuing ventures in the health, entertainment and technology industries, has completed the acquisition of Sonder Fulfillment LLC (https://cnw.fm/hNv0A). GTVH focuses on purchasing, acquiring or entering joint ventures with high-quality companies that, with GTVH’s support and resources, can develop into unique opportunities, and Sonder Fulfillment…

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…