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Cannabis Global CEO Talks Revenue Growth, New Products and Vertical Integration in Light of Possible Federal Cannabis Legalization

LOS ANGELES, CA   March 28, 2022 

Cannabis Global, Inc., an innovation-oriented company investing in disruptive cannabis technologies,

released an update letter from its CEO on recent and upcoming eventsCannabis Global

A considerable amount of attention has been focused on the Cannabis sector with two possible congressional actions to create a nationwide legal framework for both recreational and medical cannabis usage. With increased focus on the sector, I thought it would be an excellent time to provide our shareholders with an update on the very positive developments occurring at our company.

Revenue generation: As we have recently announced, our company is beginning to gain traction, which is clearly being seen in the growth of our revenues across multiple sectors. While we have not yet reported results for our most recently closed fiscal quarter, which ended on February 28, we expect the growth patterns we experienced late last year to continue. This revenue growth is being driven by new products entering the market, an increase in our distribution efforts, and the acquisition of numerous new retail dispensary customers throughout California. We expect these trends to not only continue, but to likely accelerate.

Successful revamping of product mix: As the cannabis consumption in the primary metropolitan areas of California has matured, cannabis customers are demanding a variety of new products. We have followed one of the major growth trends in the industry and revamped our product offerings accordingly. Our Live Rosin products, which are produced without any solvents, continue to gain strong traction with multiple orders coming into the company. As a result, we have significantly geared up our manufacturing capability in this area. We are expecting the solventless trend to accelerate as we move throughout 2022.

Product line acquisitions: We recently announced the acquisition of several product lines from a successful branding and marketing group, Caliwanna. These grants are now being marketed through Cannabis Global and we are working with Caliwanna‘s staff to immediately bring our current products to a much wider dispensary audience throughout California. This will include not only our solventless extract products, but also Live Rosin infused pre-rolls, and cannabis infused edibles.

Vertical integration: While we are more than pleased with our current revenue growth rate, our newly designed products, and our enhanced sales, marketing and distribution capabilities, it is our belief that in order to be truly competitive in the crowded California cannabis sector companies must have elements of vertical integration in order to maintain competitive cost models. Towards this end, we are working quickly to create vertical integration especially related to sourcing raw materials for our solventless products.

Moving forward through the rest of 2022:

We are very optimistic about our future and the rest of this year. We believe we now have the correct mix of technologies, products, and markets to expand further on our already considerable successes over the past few quarters.

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 Bagâ„¢, 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.

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Cannabis Global Announces Financial and Operational Performance Highlights – Revenues Up 2,000% & So Much MORE.

Cannabis Global, Inc. Revenues jump more than 2,000%, Cash up over 1,800%, Expanded product offerings gaining significant traction

Cannabis Global

LOS ANGELES, CA / /April 21, 2022 Cannabis Global, Inc. a licensed Los Angeles-based manufacturer and distributor in the cannabis sector, is pleased to announce financial and operational performance data for the three months ended February 28, 2022.

The past six months represents a breakthrough period for Cannabis Global on a relative basis,” noted Arman Tabatabaei, CEO of Cannabis Global. “We are beginning to see lift-off on our commercial-stage operational model, with extremely rapid topline growth, expanded product offerings, better funding terms, and more strategic opportunities. And all of it comes from the foundation we have put in place over recent years with our R&D focus and our strong IP orientation.”

Financial Performance Highlights for the Period Ended Feb 28, 2022

Total Revenues for the three months ended Feb 28 were $627k, up 2,330% on a year-over-year basis Total Revenues for the six months ended Feb 28 were $1.2M, up 3,860% on a year-over-year basis Cash increased 1,860% year over year to $604k Total Assets increased 34% year over year to $15 million

Operational Highlights for the Period Ended Feb 28, 2022

Signed definitive agreement with Caliwanna brands for comprehensive marketing and sales integration as well as to acquire Caliwanna cannabis brands Summarily restructured short-term convertible debt to reduce dilution risk and position company on more favorable capital terms Announced intention to apply for additional patent protection for its unique inventions for the creation of nanoparticles and nanofibers made for cannabinoids Laid foundation for the launch of an expanded suite of edibles products

Management notes that the Company has witnessed very strong topline revenue growth over the past two quarters as it ramps up commercial stage operations. That growth has been driven by a range of new products recently introduced into the marketplace as well as a widening of the Company’s distribution footprint. Revenue growth is also being driven by the Company’s acquisition of new customers in the retail dispensary space in California. The Company has also benefited from revamping the Cannabis Global product mix to better reflect emerging trends in major California metro areas as these cannabis markets have matured.

Management notes that its recent increased focus on the “solventless” trend has been an important factor, and the Company expects that trend to continue to be a key factor this year. Tabatabaei added, “We have made some key acquisitions that will shape our performance ahead, which we believe will feature accelerating growth. However, we are also focused on establishing a more vertically integrated model so more of that growth goes straight to the bottom line as we scale up further over the year ahead.”

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 Bagâ„¢, 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.

  Inspirational Technologies – is Committed to Your Health Wellness Beauty and Enrichment Reporting on Today’s Internal Botanical and Skin Product Benefits

4 Hemp Club was Inspired by Steven Smith’s vision to “Have an older generation put the younger 4 H Club envisioned. Our Platform Uses HEMP as an Agricultural Focal Point, deserving of research, development and the 4 Hemp key points Hemp Health Hope and Happiness.”

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Cannabis Global in Definitive Agreement to Acquire Caliwanna

LOS ANGELES, CA March 14, 2022 Cannabis Global, Inc. announces the signing of a definitive agreement between the Company and the owners of Caliwanna brands for comprehensive marketing and sales integration and acquisition of the Caliwanna cannabis brands.

Under the terms of the agreement, the highly experienced Caliwanna marketing team will immediately launch three of Cannabis Global’s cannabis products – edibles, infused prerolls, and live rosin – into the California marketplace.

Image result for Cannabis Global's

In addition, all Caliwanna products will now be sold under the cannabis license owned by Cannabis Global’s majority-owned subsidiaries, Natural Plant Extract of California, and Northern Lights Distribution.

Management of Cannabis Global expects the agreement to result in significant incremental revenue generation beginning immediately.

“This is so much more than just an acquisition of successful cannabis brands, although we are of course excited to begin marketing Caliwanna’s Brands effectively immediately” commented Arman Tabatabaei, CEO of Cannabis Global.

See the source image
Arman Tabatabaei, CEO of Cannabis Global.

“In addition to meaningfully expanding our brand footprint, we are also gaining experienced sales and marketing executives via the addition of the principals of Caliwanna to our team.

Caliwanna already sells products in several dozen California cannabis retail establishments. We plan to see our innovative products in this sales channel very quickly.”

 

 

 

 

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Happy St. Patty’s Day – Go Green! Better clothing, better food, better gadgets. Is there anything Hemp can’t do?

Las Vegas, NV, March 15, 2022   Better clothing, better food, better gadgets. .is there anything hemp can’t do?

Today,  the benefits of hemp-based batteries and how a group of American and Canadian researchers used hemp bast fiber (the inner bark of the plant that usually ends up in landfill) to develop a battery that has been used in cars and power tools.

Image result for hemp bast fiber

According to Return to Now, the researchers “cooked the woody pulp and processed them into carbon nanosheets, which they used to build supercapacitors on a par with or better than graphene which is the industry gold standard.”

Image result for graphene. Size: 182 x 160. Source: upload.wikimedia.org

Is this new?

No. But with continued research and development, who knows where hemp will take us in 2022 and beyond.

Before we go back to the future, let’s take a look at how this research team used these fibers and recycled them into supercapacitors.

The woody pulp from the hemp fiber was cooked and processed into carbon nanosheets. These nanosheets are used to build something called supercapacitors.

Supercapacitors are used as energy storage systems. We see these storage systems in the form of batteries that we use to power up different things we use in everyday life.

What we may not know is that “scientists have long struggled developing energy solutions and capacitors that can keep up with the current rate of electronic component evolution.

While we are able to store a large amount of energy in certain types of (non-hemp) batteries, those batteries are very large, very heavy, and charge and release their energy relatively slowly.” 

In reality, hemp batteries are designed to work differently than lithium-ion batteries. Researchers term batteries made from hemp as ‘supercapacitors.’

 

Hemp batteries are referred to as supercapacitors. According to High Grade Hemp Seed, “it’s best to think of a battery-powered car or truck. They need a steady amount of electric energy as they drive down a country road.

However, if that car stops at a red light, the battery will need a big burst of energy when the light turns green to get going again. Lithium-ion batteries are great at storing energy for a long time and expending it slowly.

However, they are not so good at rapidly releasing a large amount of energy, like what a car needs when a red light turns green.” Supercapacitors are good at performing this function. “These types of batteries can discharge their entire load of energy quickly to provide a big boost of energy. That’s exactly what an electric vehicle needs to accelerate quickly. While supercapacitors don’t hold a charge for long, they can absorb regenerative energy from braking.”

The research team, led by Chemical Engineer Dr. David Mitlin of Clarkson University, NY, believed “replacing lithium batteries with hemp would make electric cars and other gadgets” we use in everyday life more sustainable.

Who doesn’t want sustainability?

Especially if you’re one of the lucky ones to have an electric car. Most auto batteries today are made from lithium-ion, an expensive material, so replacing lithium batteries with hemp would make electric cars more sustainable. Now let’s take a look at the benefits of hemp-based batteries, as noted by highhempgradeseed.com: — High Energy Density: Energy density refers to the amount of energy a battery can hold based on its weight.

See the source image

The higher energy density a battery has, the stronger the battery.

A 2016 study conducted by Carbon found that hemp-based batteries contained an energy density of 19.8 Watt-hours per kilogram. — Cost: One of the benefits of using hemp over graphene is that hemp batteries can be made using hemp waste that hemp farmers don’t need. This makes hemp both easy to find and much cheaper than graphene. Over the next decades, the world is going to need a lot of batteries to power its vehicles, homes, and cities.

Cheaper batteries made with hemp could keep the cost of this transition much lower. — Availability: Graphene is a versatile “it” material that is finding its way in everything from silicon chips to solar cells and, of course, batteries. However, one of the biggest downsides of graphene is that it is difficult to make in large quantities. Hemp, on the other hand, can grow to maturity in a few months and is known for its ability to grow in many different types of soil, including soils that cannot sustain other crops. — Superconductivity: Batteries need to conduct electricity with as little resistance as possible.

The more resistant a material is to conductivity, the less efficient the battery will be. Hemp-based batteries showed extremely good conductivity. — Temperature Resistance: The conductivity of hemp batteries remains high even in hot and cold temperatures according to the original study on hemp-based batteries.

This is especially important when considering that this technology could one day find itself in vehicles that need to function in searing summer heat as well as icy winter weather. 

Is there anything hemp can’t do? We’d like to think there’s nothing hemp can’t do. Simply put, hemp has been the past, present and is definitely the future.

Hemp, Inc. has the largest industrial multipurpose hemp processing facility in North America, an 85,000-square foot facility in Spring Hope, N.C. Its mission of providing green solutions that help make the world a better place continues to flourish as the company advances an ever-growing portfolio of revenue- and value-generating synergistic businesses. Hemp may be the salvation in retooling America for greener, more sustainable domestic manufacturing.

Image result for Hemp, Inc

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Active Health Foods, Inc. announces joint venture with the Hub Craft, a licensed Massachusetts cannabis cultivator.

LOS ANGELES, CA January 6, 2022, Cannabis Global, Inc. and Active Health Foods, Inc.  today announce the cannabis consumer brands to be included in their recently announced letter of intent to create a joint venture with the Hub Craft, a licensed and permitted Massachusetts cannabis cultivation, manufacturing, and retail company.

Cannabis Global

The proposed joint venture plans to bring the following Hub Craft brands into the California marketplace. 1. Freeway Cannabis by Rick Ross 2. Payton’s Place by NBA Star Gary Payton 3. TRUTH34 brand via Paul Pierce, 10x NBA All-Star, aka ‘The Truth’. The brand will include flower, vapes, bubble hash, pre-rolls, and edibles. 4. Whoopi Goldberg’s brand “Emma & Clyde” to include pre-rolls, flower, vapes, and edibles from the health-conscious brand “Emma & Clyde”.

Under the terms of the proposed joint venture, Cannabis Global, Active Health and The Hub Craft will form a California corporation to enter the California cannabis marketplace. In addition to being granted exclusive licenses on all Hub Craft products, branding, and associated technologies for the State of California, the joint venture will be provided an option to purchase a 51% controlling position in Hub Craft anytime within nine months of the effective date of the joint venture for a price of $15 million.

“Our Company, Cannabis Global, will add the licensed California cannabis component to this proposed joint venture. We are proud to add these brand names to the endeavor”, commented Arman Tabatabaei, CEO of Cannabis Global. “The California market is highly competitive, and branding is more important than ever. These powerhouse cannabis brands will be an impressive addition to our California marketing efforts”

We believe these brands will significantly increase the marketability of the future joint venture’s product offerings,” commented Mr. Glen Bonilla, CEO of Active Health. “With the competitiveness of the mature California markets, branding is proving to be a key competitive differentiator. We are looking forward to working with both Hub Craft and Cannabis Global to make these brands highly successful in the California market.”

While the executives of the companies have agreed to the proposed initial terms of the joint venture to address the California market as outlined in the non-binding letter of intent, no definitive agreement has been signed. Moreover, there are still a considerable number of details to be worked out before the companies would be able to finalize an agreement. Thus, there can be no assurance a transaction as contemplated will ultimately take place.

We are marketing and producing Comply Bag(TM), 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.

Comply Bag Technology

 

Cannabis Global has filed three non-provisional and multiple provisional patents for cannabis infusion and nanoparticle technologies and continues an active research & development program. About Active Health Foods Active Health Foods recently acquired CoinChamp, Inc., and the operations of CoinChamp now represent the operations of the entire Company. CoinChamp is developing a platform for the plug-and-play creation of non-fungible tokens.

More details will be disclosed in the near future. Glen Bonilla, President and CEO, is an experienced serial entrepreneur with an extensive banking background, years of managerial experience, and a fresh vision as a tech-savvy millennial CEO.

About The Hub Craft

The Hub Craft, LLC is a minority-led provisionally licensed business with future cultivation, manufacturing, and adult-use dispensary locations. Their facilities are currently in development in Clinton, Holyoke, and Fitchburg, Massachusetts. The Hub Craft is the exclusive distributor of TRUTH34, Emma & Clyde, Payton’s Place, and Freeway Rick Ross branded products in Massachusetts.

While the executives of the companies have agreed to the intent to merge, via a share exchange type of arrangement, as outlined in this press release, no definitive agreement has been signed. Thus, there can be no assurance a transaction as contemplated will ultimately take place. Except as required by applicable law, we do not intend to update any of the forward-looking statements so as to conform these statements to actual results

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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.

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