Posted on 12/21/2021 by Steven M Smith — Leave a comment

Cannabis Global, Inc.: Cannabis Global Reports Significantly Increased Revenues for the Fiscal Year End – Files Annual Report

LOS ANGELES, CA December 15, 2021, Cannabis Global, Inc., an innovation-oriented company investing in disruptive cannabis technologies, today announced the filing of its annual report for the fiscal year ended August 31, 2021. Revenues for the fiscal year grew to just over $1.6 million, compared to approximately $27,000 for the previous fiscal year.

Cannabis Global 2021

Growth was attributed to increased sales and distribution of cannabis products across a broad array of product ADVERTISEMENT lines, including cannabis flower, edibles, and concentrates. “We are pleased with the strong growth of our distribution and manufacturing businesses via Northern Lights Distribution and Natural Plant Extract of California, respectively,” commented CEO Arman Tabatabaei.

“The customers generating our growth are ordering consistently into this current fiscal year and in some cases are expanding orders and revenues with us. With strong revenue growth and pending new product introductions we remain confident moving into calendar 2022. Our major emphasis moving forward will be to improve profitability especially relating to our high cost of capital to better ensure our bottom line matches the strength of our revenue growth.” CBGL has recently announced the addition of several new product categories, including solventless extracts, infused cannabis pre-rolls and innovative categories of cannabis edibles, which are expected to be released near or after the new year. Mr. Tabatabaei continued, “While this past fiscal year was a year of acquisition, product development and of positioning our products and distribution efforts into an increasingly competitive California cannabis market, we anticipate this current fiscal year being one of emphasis on profitability, new product introductions and full utilization of our suburban Los Angeles manufacturing and distribution facilities.”

At the Lynwood facility, the Company plans to manufacture various cannabis edibles based on its internally developed intellectual property, including its high melt cannabis edible technologies specifically designed for the temperature extremes of cannabis delivery.

Cannabis Global also plans to utilize its distribution license to capture the entire production and distribution revenue stream relative to products produced at Lynwood. “We are now in a fortunate position to have a strong combination of proprietary technologies for cannabis edibles, licensed manufacturing, and licensed distribution capabilities,” commented Arman Tabatabaei, CEO.

“We plan to begin production and marketing of unique cannabis edibles under the Northern Lights brand name. Since we control both manufacturing and distribution licenses, we will be able to maximize our revenue and profit opportunities. We are particularly excited about our ‘high melt’ technology that allows us to manufacture cannabis edible products with unique thermal protection properties, which we believe offers an advantage relative to the hot Southern California climate and cannabis delivery services, which are certainly growing in popularity.”

Cannabis Global’s product lines to be produced and distributed out of the Lynwood, California facility will be marketed under the Northern Lights brand name. The Company plans to target both the mass market via economy brands and the high end of the edibles marketplace via offerings with exceptionally clean labels based on natural ingredients and solventless extracts. The Company is in the final stages of completing the brand redesign with a top brand designer for Northern Lights

About Cannabis Global, Inc.

Cannabis Global, Inc. is a Los Angeles-based, fully audited and reporting Company with the U.S. Securities & Exchange Commission, trading under the stock symbol CBGL. We are an emerging force in the cannabis marketplace with a growing product and proprietary intellectual property portfolio. We are marketing and producing Comply Bag, an innovative solution for cannabis storage, transport and tracking. Our subsidiary, Natural Plant Extract (NPE), is a Southern California licensed cannabis manufacturer and distributor which licenses our technologies to produce edibles for the cannabis marketplace. Cannabis Global has filed three non-provisional and multiple provisional patents for cannabis infusion and nanoparticle technologies and continues an active research & development program.

Comply Bag Technology

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Posted on 12/15/2021 by Steven M Smith — Leave a comment

Marijuana Company of America Inc. Acquires VBF Brands, Inc. Expanding Footprint in California’s Growing Cannabis Grower Market

LOS ANGELES, Dec. 15, 2021 – Marijuana Company of America, Inc., a diversified holding company with operations and investments throughout the cannabis industry,

announces that it has recently completed the acquisition of VBF Brands, Inc. (“VBF”) a marijuana cultivator and distributor based in Salinas, California.

VBF was previously a wholly owned subsidiary of Sunset Island Group, Inc .

Based on the activity since the acquisition was consummated in Q3 2021, MCOA expects this transaction will continue to be highly accretive to the Company’s EBITDA

expectations for 2022 and will work towards increasing production at a nearby Salinas based facility that also offers exponential growth opportunities with other nearby land and facilities.

California continues to be the country’s largest legal cannabis market and offers tremendous market potential for MCOA with this acquisition that includes cannabis nursery,cannabis manufacturing/distribution and cultivation licenses.

Jesus M Quintero, CEO of Marijuana Company of America, Inc.

stated, “The acquisition of VBF Brands, Inc. perfectly encapsulates MCOA’s strategy to expand our business by organic growth and acquisitions of synergistic and often undercapitalized assets existing today in the Cannabis industry.

We are confident that by providing this entity with capital and operational depth to the already impressive operations will increase the capacity, and greatly bolster our position in the California Cannabis market.“

VBF brands, Inc. has been a cultivator and distributor in Salinas, California, for the past two years and utilizes its own growing systems to produce popular cannabis clones that are proprietary certified clean, designed to assist growers by reducing uncertainty and enhancing the likelihood of a successful cultivation harvest.

Cannabis clones carry the exact same genetic potential as their mother plant and have similar cannabinoid and terpene profiles when grown properly.

When clones are selected from healthy, high-quality mother plants, they also inherit their vigor, and natural resistance to mold, mildew, and pests.

Quintero added, “We are especially intrigued with this acquisition because of VBF’s reputation for high-quality clones and its unique use of its growing space.

The Company employs a three-tiered growing system, thereby maximizing the square footage of its Salinas, California, facility.

Few growers offer the efficiency of VBF Brands, Inc., which provides greater efficiency and sustainable cultivation techniques to provide growers with access to locally grown, high-quality clones to grow cannabis flower.

Clones are made in an expedient manner and sold for use to other cannabis flower growers that now don’t have to wait six months to cultivate and sell.

” This latest acquisition exemplifies MCOA’s commitment to grow its business while remaining fiscally prudent and further establish itself as a leader in the legalized cannabis THC, hemp & CBD industries.

MCOA offers unique and diversified exposure to the global cannabidiol sector and fully intends to continue expanding its footprint with investments and collaborations

with both new and existing strategic partners as well as spur organic growth from synergistic acquisitions.

Marijuana Company of America offers the highest quality premium-brand products and the opportunity to be at the vanguard of growth and innovation in the legal cannabis and industrial hemp industries. Look Ahead to Inspirational Technologies “Hemp Talk” Coming Soon

We are excited about the growth potential with our partners at SIGO that we acquired from VBF as we work to significantly expand our footprint in Salina.

MCOA has the option to acquire 51% of SIGO’s new cannabis growth facility that is significantly larger than the current clone facility operated by VBF.

The new facility is obtaining licenses for mass cultivation, manufacturing, and distribution and should have projected annual income after the first year of operations of over $30M.

MCOA acquired VBF Brands, Inc. in October 2021 and is a fully multi-licensed cannabis cultivator and distributor based in Salinas, California that and for the past two years has been utilizing its proprietary growing systems to produce desirable cannabis clones that are certified clean and designed to assist growers in reducing crop uncertainty and enhancing the likelihood of successful cultivation harvests.

VBF brands have a strong reputation with its existing customer base for high-quality clones and its unique use of its growing space.

The Company employs multi-tiered vertical growing which exponentially increases the square footage of its Salinas, California facility. VBF Brands, Inc., provides greater efficiency and sustainable cultivation techniques to provide growers with access to locally grown, high-quality clones to grow cannabis flower. Clones are cultivated in an expedient manner and sold for use to other cannabis flower growers that no longer have to wait six months to cultivate and sell.

MCOA expects to work immediately towards increasing production at the current Salinas facility that also offers exponential growth potential with other nearby properties that MCOA has an option to participate in as part of the acquisition.

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Posted on 12/13/2021 by Steven M Smith — Leave a comment

Aurora Cannabis Again Scores Highest Among Cannabis Corporate Boards in The Globe and Mail’s Board Games Report

EDMONTON, AB, Dec. 13, 2021- Aurora Cannabis Inc. The Canadian company defining the future of cannabinoids worldwide, is pleased to acknowledge the Company’s increased ranking in The Globe and Mail’s 2021 annual Report on Business review of Corporate Boards, known as Board Games.

As recognized in the 2021 Board Games results, Aurora received 77 out of 100 eligible points, ranking notably higher than others in its peer group of cannabis companies.

Aurora Cannabis Logo (CNW Group/Aurora Cannabis Inc.)

For the 20th year in a row, Report on Business has assessed the

boards and governance practices of Canada’s largest corporations

within the S&P/TSX Composite using a rigorous set of governance criteria

designed to go beyond minimum mandatory rules imposed by regulators.

Evaluated across four categories including Board Composition,

Shareholding and Compensation, Shareholder Rights, and Disclosure,

Aurora’s 2021 score signifies a considerable improvement from the previous years’

results of 72 and 67 out of 100 in 2020 and 2019, respectively.

Ronald Funk, Chairman of Aurora stated, “With each passing year,

Aurora continues to exhibit growth and maturity across all areas of the business.

Our improved ranking in the 2021 Board Games report is a strong indication

of the progress we are making as an organization as we continue to identify ways

in which our policies and practices can better serve our stakeholders.

I am proud and honored to be part of a Board that stands out from

its peers and demonstrates strength in governance, strategic direction and accountability.”

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Posted on 12/09/2021 by Steven M Smith — Leave a comment

Bipartisan Bill Demands FDA to Regulate Hemp-Derived CBD Food

Dec. 09, 2021, House lawmakers introduced the CBD Product Safety and Standardization Act, last week, that will “establish federal standards for CBD food and beverage products in order to protect consumers and provide marketplace stability for farmers and retailers”.

The Bill would require the Food and Drug Administration (FDA) to develop regulations for food and beverages containing hemp-derived CBD and allow for their interstate commerce.

This is a huge development in the hemp industry that will be beneficial to consumers. Ever since hemp and its derivatives were declared federally legal under the 2018 Farm Bill, the industry has been waiting for clear rules and regulations with regard to food and beverages infused with hemp-derived CBD.

The bipartisan CBD Product Safety and Standardization Act of 2021 will establish the clear regulatory framework needed to provide stability for businesses that sell hemp-derived CBD foods and beverages and ensure unsafe products stay off the shelves in order to ensure consumer safety.

Current FDA regulations do not reflect the new reality of how much hemp-derived foods have surged and as a result,

“adulterated or unsafe products are available that threaten consumer health”.

To read the full CBD Product Safety and Standardization Act of 2021 submitted, here.

U.S. lawmakers introduce. “CBD Product Safety and Standardization Act of 2021”

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Hemp Used as Livestock Feed Unlocks More Potential for the Cash Crop

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How Village, A Cannabis Brand Backed By Al Harrington with Other Black Investors, Plans To Diversify The Industry

<img loading="lazy" decoding="async" src="https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AAS3SMY.img?h=1080&amp;w=1920&amp;m=6&amp;q=60&amp;o=f&amp;l=f&amp;x=545&amp;y=123" width="610" height="343">

<img loading="lazy" decoding="async" src="https://i0.wp.com/static-assets.ny.gov/sites/all/themes/ny_gov/images/nygov-logo.png?resize=332%2C201&amp;ssl=1" alt="New York State Home" width="332" height="201">

<img loading="lazy" decoding="async" src="https://www.bing.com/th?id=OIP.CLl2F_GEj8Z5D16j-lkqsgHaEc&amp;w=267&amp;h=160&amp;c=8&amp;rs=1&amp;qlt=70&amp;o=6&amp;pid=3.1&amp;rm=2" alt="Image result for Harrington's grandmother. Size: 267 x 160. Source: thefreshtoast.com" width="521" height="312">

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