Cannabis Stock News- Investing in Cannabis and Hemp Stocks

Tuesday, August 18, 2020

Investor Ideas #Potcasts, #Cannabis News and #Stocks on the Move; Episode 456 (OTC: $PSYC) (NASDAQ: $NEPT) (TSX: $NEPT.TO)

Investor Ideas #Potcasts, #Cannabis News and #Stocks on the Move; Episode 456 (OTC: $PSYC) (NASDAQ: $NEPT) (TSX: $NEPT.TO)

Delta, Kelowna, BC, August 18, 2020 (Investorideas.com Newswire) www.Investorideas.com, a global news source covering leading sectors including marijuana and hemp stocks and its potcast site, www.potcasts.ca release today’s podcast edition of cannabis news and stocks to watch plus insight from thought leaders and experts.

Listen to the podcast:

https://www.investorideas.com/Audio/Podcasts/2020/081820-StocksToWatch.mp3

Read this in full at https://www.investorideas.com/news/2020/cannabis-potcasts/08181PSYC-NEPT.asp

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Today’s podcast overview/transcript:

Good afternoon and welcome to another episode of Investorideas.com "Potcast" featuring cannabis news, stocks to watch as well as insights from thought leaders and experts.

In today’s podcast we look at a few private and public company announcements.

Kaló, a handcrafted, locally-sourced, hemp-infused seltzer, makes its debut today in stores and restaurants throughout the New York City Metropolitan Area. Thanks to an agreement with Pepsi-Cola Bottling Co. of New York Inc. (PCNY), Kaló will now be available for purchase in major grocery stores, bodegas, natural food markets and more in all five boroughs of NYC, along with Long Island and Westchester. This makes Kaló the first functional hemp beverage to launch in the PCNY distribution system.

Pepsi-Cola Bottling Co. of NY (PCNY) is a privately held manufacturer and distributor of some of the world’s leading consumer brands. The company operates from five facilities in the New York City area and is proud to sell products from PepsiCo, Keurig Dr. Pepper, Danone and many other fine companies. PCNY is one of the largest beverage distributors serving New York City, Long Island and Westchester County.

Kaló arrives in New York City in its four delicious, natural flavors: Strawberry Watermelon, Lemon Lavender, Pomegranate Peach, and Raspberry Lime. A 12 oz. can contains only 15 calories and 2 grams of sugar. The hemp-infused seltzer is created by Hillview, a family-owned New Jersey-based innovator in agricultural technology. Hillview provides Kaló with locally-grown hemp of the highest quality, rich in naturally occurring cannabinoids, vitamins and nutrients.

“Kaló represents a massive step forward for hemp-infused beverages,” said Ken VandeVrede, CEO of Hillview. “Generations of agricultural experience and investment and state-of-the-art hemp technology has led to a product that we feel is unmatched in the space. We couldn’t be more excited to partner with PCNY, as we know New York is ready for Kaló.”

“Plant-based beverages are extremely innovative and growing fast. Our employees and distributors are very pleased to sell and deliver Kaló which will be a fantastic addition to our portfolio of innovative beverages,” said Reginald Goins, President and COO of PCNY. “We continue to be very selective in which brands we carry and Kaló is a special hemp-infused beverage that our consumers will love.”

Global Trac Solutions, Inc. (OTC: PSYC) announced that in an effort to accelerate the Company’s development of premium industry centric content for its Psychedelic Spotlight website (www.psychedelicspotlight.com) and Microdose Monthly newsletter, PSYC has established a content development partnership with Microdose Psychedelic Insights (www.microdose.buzz), the leader in psychedelic media and events based out of Toronto, Canada.

Through this partnership with Microdose, PSYC will have the distinct ability to work in a collaborative effort with Microdose’s talented and knowledgeable content development team to produce and present original, broad-minded content that offers a unique and in-touch perspective related to the emerging space of psychedelic medicine.

Said Global Trac Solutions, Inc. CEO David Flores: “We are delighted to have established this outstanding partnership with a firm like Microdose who have such a compelling and impressive finger on the pulse of the medicinal psychedelic industry. More importantly, I am thrilled to partner and work with a company where our passion, principles, and overall vision within this industry are so perfectly aligned and the opportunity it will present to unify each of these critical aspects in producing exceptional informational and educational-focused content that I hope will contribute to the advancement of psychedelic medicines as a recognized treatment. It is also our intent to leverage this terrific opportunity to more distinctly develop our identity and expand our reach within this quickly evolving sector.”

Said Patrick Moher, Microdose Partner: “We are pleased to be aligning the team at Psychedelic Spotlight, amplify our ability to produce high quality, evidence based, original psychedelic content. We believe that collaboration is critical to create a successful industry in the long term and are excited to see where this partnership takes us.”

In addition to this partnership, the Company has also demonstrated considerable focus in recent weeks towards expanding its pool of talented and experienced freelance writers within the field of medicinal psychedelics and with the intent of increasing its production and output of original content over the next several weeks and in the months ahead.

Neptune Wellness Solutions Inc. (NASDAQ: NEPT) (TSX: NEPT), a diversified and fully integrated health and wellness company focused on natural, plant-based, sustainable and purpose-driven lifestyle brands, is pleased to introduce its proprietary Mood Ring cannabis brand for the Canadian market. The Mood Ring brand and product line will officially launch in select Canadian markets this fall to meet consumer demand for high-quality, affordable and environmentally friendly cannabis products.

Mood Ring leverages Neptune's decades of experience in the wellness, extraction and consumer packaged goods (CPG) industries to bring product offerings to market that are designed to meet the specific demands of Canadian consumers. Mood Ring CBD products primarily target wellness-focused consumers looking for natural products, whereas Mood Ring THC concentrates focus on the recreational market.

Mood Ring will use Neptune's proprietary cold ethanol extraction process technology to create full spectrum extracts for the Company's tincture and capsule products and newly implemented solventless extraction for THC concentrates. These processes allow Mood Ring to provide consumers with all of the cannabinoid and terpene benefits of the plant with a significantly lower environmental impact, requiring significantly less energy use when compared to CO2 extraction.

"Mood Ring is directly aligned with our strategy to move closer to the consumer and drive our growth with unique, high-quality and affordable health and wellness branded products," said Michael Cammarata, Chief Executive Officer of Neptune Wellness Solutions. "Our initial launch of Mood Ring will focus on CBD and THC products that we can immediately scale up to support the volumes required to meet demand, with future products in development. We intend to price our products to be competitive with the illicit market, which will provide legal options for legacy consumers that meet their needs and expectations, while attracting new consumers in a friendly and approachable way."

In June, Neptune received authorization by Health Canada to sell cannabis products to provinces and territories. This sales license includes edibles, extracts, and topical products. Health Canada's authorization adds to Neptune's previously held processing license and permits the Company to expand its cannabis operations to include Mood Ring and future proprietary branded products.

Lastly today on a more unrelated note I’d like to bring up a brand new product I’ve come across which is a great indicator of where innovation could take this industry.

The product is the Bello Vaporizer and essentially is a new device designed to put your 510 thread distillate cartridges on tap.

The first of its kind for this style of product, why this may be impactful for the industry is that this allows for a new shareable format of consumption for 510 thread distillate, one of the largest growing segments of the cannabis sector today. This product also highlights one of the major factors to consider when looking at product development or industry trends which is that what we currently see as the forms and preferences of cannabis consumption today, may have little to nothing to do with the forms and preferences of cannabis consumption for the future.

When addressing this industry as a whole we must make sure to focus not only on the business basics and financial essentials but also long term trends and consumer factors that can drastically change the landscape of the industry.

Find out more about the Bello Vaporizer here: https://www.bello.love/

Investor ideas reminds all listeners to read our disclaimers and disclosures on the Investorideas.com website and that this podcast is not an endorsement to buy products or services or securities. Investors are reminded all investment involves risk and possible loss of investment.

Learn more about our cannabis podcasts at https://www.investorideas.com/Audio/Potcasts.asp

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Friday, August 14, 2020

Investorideas.com - Montana Secretary of State Officially Certifies Marijuana Legalization Initiatives for Montana's November 2020 Ballot

Investor Ideas #Potcasts, #Cannabis News and #Stocks on the Move; Episode 455 (TSX: $VLNS.TO) (NASDAQ: $VFF) (TSX: $VFF.TO) (TSX: $TGOD.TO)( TSX: $ZENA.TO) (TSX: $RIV.TO)

Investor Ideas #Potcasts, #Cannabis News and #Stocks on the Move; Episode 455 (TSX: $VLNS.TO) (NASDAQ: $VFF) (TSX: $VFF.TO) (TSX: $TGOD.TO)( TSX: $ZENA.TO) (TSX: $RIV.TO)

Delta, Kelowna, BC, August 14, 2020 (Investorideas.com Newswire) www.Investorideas.com, a global news source covering leading sectors including marijuana and hemp stocks and its potcast site, www.potcasts.ca release today’s podcast edition of cannabis news and stocks to watch plus insight from thought leaders and experts.

Listen to the podcast:

https://www.investorideas.com/Audio/Podcasts/2020/081420-StocksToWatch.mp3

Read this in full at http://www.investorideas.com/news/2020/cannabis-potcasts/08141VLNS-VFF-TGOD-ZENA.asp

Hear the investor ideas potcast on Spotify

Hear Investor ideas cannabis potcast on iTunes

Today’s podcast overview/transcript:

Good afternoon and welcome to another episode of Investorideas.com "Potcast" featuring cannabis news, stocks to watch as well as insights from thought leaders and experts.

In today’s podcast we look at a few private and public company announcements.

Medical Marijuana, Inc. (OTC: MJNA) announced that the Japanese division of its subsidiary Kannaway® had its best month ever in Company history in July 2020.

“Kannaway has made tremendous progress around the world as consumers in Japan and across Asia continue to show an exciting increase in interest for cannabidiol (CBD) products,” said Medical Marijuana, Inc. CEO Dr. Stuart Titus. “Our team has truly shown what can be accomplished with passion, hard work and high-quality products designed to support the body’s crucial endocannabinoid system.”

According to Prohibition Partners, China and Japan present a large opportunity for Kannaway®’s unique line of CBD products as they collectively account for about 90 percent of Asia’s CBD market, projected to be worth $5.8 billion by 2024.

“Although Japan is still a new market for us, our record-breaking month in July illustrates that, even amid a global pandemic, consumers in the region are already responding to our hemp-based CBD products with great excitement,” said Kannaway® CEO Blake Schroeder. “I believe we are set up for continued growth and a vibrant future in the market.”

The Valens Company Inc. (TSX: VLNS) (OTCQX: VLNCF) announced the rollout of various new products as part of a custom manufacturing agreement with Verse Cannabis, a group of innovators focused on bringing to market cutting-edge product formulations rooted in cannabinoid science. The new products have been released under each of the two Verse product lines, Verse Originals and Verse Concentrates, which aim to bring premium quality offerings to Canadian consumers at affordable prices.

The sativa-dominant Tropic Lemon 0.3g and 1g 510 thread vape cartridges are the first to launch under Verse Originals, a line of universal cannabis products offered at a great value. Crafted with botanical terpenes, the 0.3g value cartridges are now available in Alberta, with British Columbia, Ontario and Saskatchewan expected to follow, along with the launch of the 1g value cartridge in the coming weeks in Alberta, British Columbia and Ontario. Additionally, the Verse Originals 1:20 CBD oil is expected to be available soon in Alberta, British Columbia and Ontario. Created using high quality extracts, the premium cannabis-derived CBD formula offers a subtle terpene profile with a citrus aroma. In partnership with Verse, The Valens Company will also produce and manufacture additional products for the Verse Originals product line, including drink drops, using SōRSE by Valens emulsion technology.

As one of the first entries into the Canadian market, the much-anticipated Verse 0.5g crumble is now available in Saskatchewan, with the 1g offering expected to be available in Alberta, Ontario and Saskatchewan in the coming weeks under the Verse Concentrates line, an ultra premium, curated collection of concentrates developed with experienced cannabis users at the forefront. Precisely created using hydrocarbon extraction, Verse crumble captures the essence of the indica-dominant White Rhino strain with its high THC potency and aromas and flavors of blueberries and mangos, green grapes and Thai Basil. The Valens Company's commitment to building out the concentrates category in Canada is furthered by its hydrocarbon extraction capabilities. Through this exclusive extraction process, the delicate makeup of the cannabis plant is maintained allowing for the original combination of cannabinoids and terpenes to remain in the extracted oil, resulting in a refined and consistent end product.

"Canadian cannabis consumers have been eagerly waiting for more next-generation products to hit the shelves, and in partnership with Verse, we have come to deliver two unique product lines with both original and reimagined high-quality cannabis extracts and concentrates," said Tyler Robson, Chief Executive Officer of The Valens Company. "Together with Verse, we aim to set a new industry standard for accessibility, quality, price point and value, all of which we have favourably captured through the brand's innovative yet simple product offering that we are confident will meet a wide range of consumer needs.

This week’s Financial Results:

Village Farms International, Inc. (NASDAQ: VFF) (TSX: VFF) announced its financial results for the second quarter ended June 30, 2020. On June 30, 2020, Village Farms had a majority (non-controlling) interest of 58.7% of Pure Sunfarms Corp. ("Pure Sunfarms").

"The second quarter continues to demonstrate the earnings capacity of Pure Sunfarms as it delivered its sixth consecutive quarter of net income and seventh consecutive quarter of positive EBITDA," said Michael DeGiglio, CEO Village Farms. "Although retail branded sales were level compared to the first quarter on a dollar basis, retail sales volume increased 89% as Pure Sunfarms' continued to have great success with its large-format, value offerings, which have consistently ranked among the best-selling dried cannabis products with the Ontario Cannabis Store since launch. Importantly, even with its aggressive pricing strategy a necessity in Canada to capture share from the illicit market - Pure Sunfarms generated 33% gross margin for the quarter. We look forward to a stronger back half of 2020 for Pure Sunfarms, supported by the continued sales momentum we have seen early in the third quarter, the addition of new provincial markets, the steady increase in the number of retail stores throughout the country, and the imminent launch of its first Cannabis 2.0 products and bottled oils. We have also seen a marked uptick in activity in the wholesale business recently."

"Pure Sunfarms remains the top selling brand of dried cannabis with the Ontario Cannabis Store to date in 2020 with nearly 14% market share as its focus on providing quality products that consumers want at an attractive price continues to resonate well with consumers. We expect this value proposition to translate to the bottled oil and Cannabis 2.0 categories as these products are introduced in the weeks and months to come. Pure Sunfarms' industry leading all-in cost of production continues to set it apart from other suppliers, enabling it to offer high-quality products at attractive prices to drive sales and grow market share in the legal market, as well as to capture share from the illicit market, while consistently generating profitability."

Zenabis Global Inc. (TSX: ZENA) announced its financial results for the second quarter ended June 30, 2020. All amounts, unless specified otherwise, are expressed in Canadian dollars.

Kevin Coft, Interim Chief Executive Officer of Zenabis, stated, "We are pleased to report that the performance improvement measures implemented early in 2020, as well as the introduction of new products and sales channels during 2020, continue to result in improved financial performance for Zenabis. Adjusted EBITDA for the second quarter of $3.1 million represents a 31% improvement over the prior quarter, which itself was the first positive EBITDA quarter in the Company's history. Additionally, the continuing financial improvements are manifest in the Company's cash flows with cash used in operating activities in Q2 2020 of $3.9 million compared to $14.3 million in the prior quarter and $17.0 million in the second quarter of 2019. Finally, the Company has made significant strides in reducing its short-maturity debt through equity-for-debt conversions as well as the equity raise that was successfully completed in June. Current liabilities were reduced by $60.8 million in the quarter and total loans and borrowings were reduced in the quarter. The Company expects that increasing provincial demand for its products, driven by more aggressive pricing and the impact of new products together with growth in domestic and international bulk sales channels, will drive revenue, gross margin, and Adjusted EBITDA improvements for the balance of 2020 and into 2021. The Company anticipates growth in net cannabis revenue of 44% to 78% in the third quarter of 2020 versus the second quarter of 2020, which is expected to result in consolidated Adjusted EBITDA of $4 million to $6 million for the quarter."

The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTC: TGODF), a leading producer of premium certified organic cannabis, announced its financial results for the second quarter of 2020 ended June 30, 2020. These filings are available for review on the Company's SEDAR profile at www.sedar.com.

"Since the beginning of the global pandemic, our top priority has been the health and safety of our employees, customers, and patients. Despite the additional layer of complexity, we continued bringing innovation to market, seeing sequential month-over-month growth during the quarter while cutting costs and reducing our cash burn rate. While we are not where we had expected to be at this time, we are seeing strong momentum on our innovative products and will continue to right-size our business plans with a focus on getting our monthly run rate to a scale which delivers positive operating cash flow by the end of the year," commented Brian Athaide, CEO of TGOD. "Our products have now proven their appeal to consumers and shown consistency and efficacy backed by scientific research. We look forward to expanding our portfolio with additional flower strains and variants of our 2.0 line-up and bringing them to more stores across the country." added Athaide.

Canopy Rivers Inc. (TSX: RIV) (OTC: CNPOF) released its unaudited condensed interim consolidated financial statements and management's discussion and analysis ("MD&A") for the three months ended June 30, 2020.

"This quarter, we made a strategic investment in Dynaleo, a cannabis gummies manufacturer that we believe is well-positioned to help Canada's licensed producers and brands catch up to consumer demand for the gummy product format," said Narbé Alexandrian, President and CEO, Canopy Rivers. "We also continued to work closely with our portfolio companies to help resolve some of the unique macroeconomic challenges that emerged inside and outside of the cannabis sector. While PharmHouse faces some immediate challenges, we continue to believe that it has the potential to become a key component of the Canadian supply chain for low-cost, high-quality cannabis, especially as the value segment of dry flower becomes more prominent."

Learn more about our cannabis podcasts at https://www.investorideas.com/Audio/Potcasts.asp

Or www.potcasts.ca

Hear Investor ideas cannabis potcast on iTunes

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To hear more Investorideas.com podcasts visit: https://www.investorideas.com/Audio/.

Investorideas.com podcasts are also available on iTunes, Spotify, Google Play Music, Stitcher, Spreaker, YouTube via Spreaker, iHeartradio and Tunein.

Potcasts is now a certified word mark Trademark on the blockchain through Cognate, Inc. CM Certification-Registration Number: 10468217708

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https://www.investorideas.com/About/Private_Policy.asp

Investor Ideas does not condone the use of cannabis except where permissible by law. Our site does not possess, distribute, or sell cannabis products.

Learn more about sponsoring this podcast or be a guest and our other branded content opportunities at Investorideas.com

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Thursday, August 13, 2020

Investorideas.com - Cannabis Stock News: Emerald Health Therapeutics (TSXV: EMH) (OTCQX: EMHTF) Reports Pure Sunfarms Second Quarter 2020 Financial Results

Wednesday, August 12, 2020

Investor Ideas #Potcasts, #Cannabis News and #Stocks on the Move; Episode 454 (TSX: $AVCN.TO) (OTCQX: $AVCNF) (CSE: $TGIF.C) (OTCQX: $TGIFF)

Investor Ideas #Potcasts, #Cannabis News and #Stocks on the Move; Episode 454 (TSX: $AVCN.TO) (OTCQX: $AVCNF) (CSE: $TGIF.C) (OTCQX: $TGIFF)

Delta, Kelowna, BC, August 12, 2020 (Investorideas.com Newswire) www.Investorideas.com, a global news source covering leading sectors including marijuana and hemp stocks and its potcast site, www.potcasts.ca release today’s podcast edition of cannabis news and stocks to watch plus insight from thought leaders and experts.

Listen to the podcast:

https://www.investorideas.com/Audio/Podcasts/2020/081220-StocksToWatch.mp3

Read this in full at https://www.investorideas.com/news/2020/cannabis-potcasts/08121AVCN-AVCNF-TGIF-TGIFF.asp

Hear the investor ideas potcast on Spotify

Hear Investor ideas cannabis potcast on iTunes

Today’s podcast overview/transcript:

Good afternoon and welcome to another episode of Investorideas.com "Potcast" featuring cannabis news, stocks to watch as well as insights from thought leaders and experts.

In today’s podcast we look at a few private and public company announcements.

Shoppers Drug Mart Inc. announced the opening of its first managed medical clinic in Toronto. Owned and operated by Shoppers Drug Mart, the Health Clinic by Shoppers™ is a primary-care and family practice clinic, providing patients with convenient, one-stop access to medical services and trusted advice.

Located at Lawrence Ave. and Dufferin St., this new clinic is the first of three expected to open over the next year in the Greater Toronto Area. Hosting a suite of family medicine services, the clinic aims to make healthcare more accessible for patients with extended operating hours and increased technology, such as online appointment booking and virtual care options through Medeo® solutions and electronic health records via the AccuroEMR® platform.

"We know Canadians want and need more from their primary care. The world changed quickly and dramatically this year, highlighting the need for more accessible healthcare options for patients – whether that means extended hours and more convenient locations for in-person services, or virtual care services for all patients including those who don't currently have access to a family physician," says Jeff Leger, President, Shoppers Drug Mart. "The Health Clinic by Shoppers combines convenience and technology in a way that is increasingly relevant to Canadians looking for health and wellness support."

As Shoppers Drug Mart expands its range of healthcare services, the company assembled a team of individuals with extensive experience in health clinic operations and management, and established a Physician Advisory Board to support the design and implementation of the new health clinic model.

"The COVID 19 pandemic has had a substantial impact on both the way Canadians access health care and on how physicians deliver primary care to their patients," says Dr. Barry McLellan of the Health Clinic by Shoppers Physician Advisory Board. "Through an enhanced experience of consistent quality of care, convenient hours, technology-enabled and virtual care services all delivered in a modern clinic space, the Health Clinic by Shoppers is uniquely positioned to provide high-quality, patient-centered healthcare to Canadians."

Avicanna Inc. (TSX: AVCN) (OTCQX: AVCNF) announced that its advanced RHO Phyto™ Micro Drop oils are now officially available nationwide in Canada on the Medical Cannabis by Shoppers™ platform as well as through the Medical Cannabis Real-World Evidence study at the University Health Network as announced by the Company on July 15, 2020.

Following years of research and development in collaboration with world class academic and clinical organizations, Avicanna is proud to be launching RHO Phyto, a full formulary of advanced medical cannabis products, for patients and the medical community in Canada. Following the Micro Drop oils, Avicanna expects to launch two advanced sublingual spray formulations in the upcoming weeks. The RHO Phyto product line includes oil drops, sublingual sprays, capsules and topicals with varying ratios of CBD and THC. The RHO Phyto products are designed to address a range of medical conditions that may require various rates of relief. For example, the "Rapid Act" sublingual sprays provide a faster onset of effects than the "Simple Dose" capsules and "Micro Drop" oils. To ensure batch-to-batch consistency and high-quality products, these formulations are manufactured under Good Manufacturing Practices in partnership with MediPharm Labs Inc. and GMP-level analytical testing is performed by Sigma Analytical Services Inc. All RHO Phyto products will be tracked using blockchain technology developed by TruTrace Technologies Inc. to manage, track and trace each step of the supply chain.

Aras Azadian, CEO of Avicanna commented, "We believe that our RHO Phyto formulary is designed to address numerous gaps in the current medical cannabis framework with respect to patient needs and provide an opportunity to attract new prescribers and patients to medical cannabis solutions. The introduction of a strictly medical line of products, backed by extensive research, pre-clinical data, GMP manufacturing and offered by Shoppers, has the opportunity to set a new standard of care and establish RHO Phyto as the leading medical product line in the medical cannabis market."

With the patient in mind, RHO Phyto Micro Drop oils are formulated with enhanced absorption, prolonged stability, and consistency. The blood orange flavoured Micro Drop oil 1.6 CBD - 0.06 THC and Micro Drop oil 0.6 CBD – 0.16 THC are available in a 25:1 and 4:1 CBD to THC ratio, respectively. The product name includes the amount in milligrams (mg) of CBD and THC that is delivered per dose. Detailed guidelines about dosing and titration for Health Care Practitioners and patients is available on the RHO Phyto website at www.rhophyto.com, as well as on the Avicanna Academy website at https://www.avicanna.com/the-avicanna-academy/, along with additional product information, product guidelines for patients, and frequently asked questions.

As a part of Avicanna's commercialization strategy, the Company will be providing education and training for HCPs, patients, and medical institutions about medical cannabis and the RHO Phyto product line. Educational materials can be found on the Avicanna Academy website at https://www.avicanna.com/the-avicanna-academy/, including a recording of Avicanna's 3rd annual symposium that was hosted virtually in partnership with Shoppers on July 21st and was live-streamed by over 1,000 participants.

1933 Industries Inc. (CSE: TGIF) (OTCQX: TGIFF), announced the introduction of a new line of extra strength products to its extensive wellness portfolio. The Canna Hemp™ Plus line was developed for consumers who want to experience the added benefits of increased CBD at competitive prices from a reliable and trusted brand.

As the health and wellness market continues to research the power of the cannabis plant, the Company's Canna Hemp™ brand is applying its expertise in utilizing cannabidiol (CBD) in a variety of formulas in order to meet the lifestyles and needs of a growing consumer base. With double the amount of CBD, the PLUS line was designed to offer competitively-priced products with some of the highest amounts of CBD found today in the marketplace.

"Our exciting suite of wellness products continues to grow in a number of segments and price points. Over the last three years, we have earned the trust of our consumers by offering products that are effective, reliable and contain the highest quality CBD sourced in the USA", stated Mr. Eugene Ruiz, President of 1933 Industries. 'Our best-selling topical Relief Cream and all Elixirs will launch the PLUS line today, with more products to follow over the coming months."

"We are also pleased to announce that we have re-priced all of our regular Canna Hemp™ products and we will be increasing the amount of CBD in the Canna Hemp™ Vape Pens, Lotions and Lip balms. As the price of CBD has come down, we are passing these savings along to our consumers", added Mr. Ruiz. "Our leading Canna Hemp ™ line will not only boast the best ingredients and most effective formulations, but also a highly competitive pricing structure for premium products. There's never been a better time to discover the many uses and benefits of hemp and CBD for both the body and mind."

All Canna Hemp™ products are specifically formulated with the Company's proprietary TerpFX™ blend of real cannabis-derived terpenes and organic, botanical oils. Terpenes mimic the profiles of cannabis strains without any THC. In addition to the PLUS line, the Company recently launched a line of products made with organic hemp seed oil available via online marketplaces such as Amazon.com and Walmart.com and via its direct to consumer e-commerce website cannahemp.com.

The Board of Directors of Province Brands of Canada, the beverage technology company that has developed a first-of-its-kind patent-pending process expected to reduce environmental impact and create beverages and other ancillary products that are less harmful for human health, announced that Jennifer Dianne Thomas, Esq. has been appointed the company's new Chief Executive Officer, effective immediately. Previously, Ms. Thomas was the Province Brands' Chief Legal Officer. She is Co-Founder of Province Brands and will remain a member of its Board of Directors.

Ms. Thomas replaces Dooma Wendschuh, Co-Founder and CEO since the company was formed in 2016. Mr. Wendschuh informed the Board in December, 2019, of his intent to transition from executive leadership, and planning has been underway since. Mr. Wendschuh remains a full-time employee of Province Brands dedicated to the company's success as a co-founder.

"Dooma has taken Province Brands from an idea that met with widespread early resistance to the verge of market-ready launch with facilities under construction, valuable IP, a broad vision, emerging product offerings, and he will remain an important part of Province Brands' future," said Ms. Thomas. "I'm excited about the road ahead and thank Dooma and the Board for its confidence and full support."

Ms. Thomas added: "I'm excited to take over as CEO of Province Brands to create and deliver new solutions and revenue streams that allow the business to grow in these challenging times. In addition to innovative thinking, the current environment in the industry and world at large presents a confluence of constrains that require risk mitigation and sound legal, financial and compliance experience that I have accumulated over my 12 years of practicing at Schulte Roth & Zabel LLP, Jones Day, and with other cannabis companies. These experiences have prepared me to lead Province Brands' to a bright future.

Since co-founding Province Brands four years ago, Ms. Thomas has spearheaded multiple vital strategic initiatives and partnerships, played a major role in managing the business, overseen all aspects of the company's legal and licensure strategies, and managed the company's legal and finance department.

"Under Jennifer's leadership, Province Brands is poised to transform the brewing industry," said Mr. Wendschuh. "There is no one better suited for the job, more highly regarded by the team, or more capable to lead this company. I've been honored to have Jennifer as a partner for the past four years and I've been thrilled to watch her succeed at every task she's undertaken. Her bold vision for the company is exciting and I'm thrilled to help her succeed."

Ms. Thomas for two years has represented Province Brands on the board of the Cannabis Beverage Producers Alliance. She founded the State Bar of Georgia's Cannabis and Hemp Bar Section. Prior to Co-Founding Province Brands, Ms. Thomas held roles including Corporate Associate at Schulte Roth & Zabel LLP, and Corporate Associate at Jones Day. She earned her Juris Doctor degree from Howard University School of Law and holds a Bachelor of Fine Arts degree from Southern Methodist University.

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