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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.

Comply Bag Technology

 

 

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Cannabis Global Expands into Solventless Cannabis Extracts at Lynwood Facility

LOS ANGELES, CA – November 23, 2021 Cannabis Global, Inc,. an innovation-oriented company investing in disruptive cannabis technologies, today announces an important enhancement to its cannabis product manufacturing capabilities at its Natural Plant Extract of California facility in Lynwood, a suburb of Los Angeles. The facility is now producing solventless cannabis concentrates for use in its own cannabis products, including edibles, beverages and pre-rolls.

Cannabis Global

Most of the cannabis extract products on the market are prepared using solvents such as butane, propane, and carbon dioxide to extract the oils and cannabinoids from the plant.

These products ultimately have most of the solvents removed, but the taste profile of the original plant material is altered in the overall process. The solvent-less extraction methods used by the Company instead rely 100% on water, ice, heat and pressure to extract the desirable components from the cannabis plant.

“Consumers are increasingly turning to solvent-less products for three reasons: purity, taste and experience,” commented Arman Tabatabaei, CEO of the Company. “We do not have to remove the chemical solvents from these products as none are ever added. It’s just water, heat and pressure. Many consumers prefer the natural taste of solvent-less produced extracts and believe such products offer a superior user experience. We expect continued growth in the marketplace as consumers increasingly gravitate toward these high-quality products.

“Solvent-less operations at the Company’s Natural Plant Extract of California facility include both ice water hash production, which uses water and ice to separate the valuable trichomes from the plant materials, and rosin production, which uses heat and pressure to produce an ultra-premium concentrate.

The Company plans to utilize these solventless concentrates to enhance cannabis products, such as premium pre-rolls, edibles and beverages, which are in various stages of availability and pre-production.

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Cannabis Global in Distribution and Purchase Option Agreement for Cannabis Transport System Comply Bag(R)

LOS ANGELES, CA November 10, 2021 Cannabis Global, Inc. , an innovation-oriented company investing in disruptive cannabis technologies, today announces it has entered into a distribution agreement with Humboldt Bliss to distribute the Company’s Comply Bag®, cannabis transport system with integrated smartphone track and trace app.

Cannabis Global

As part of the agreement, the Company also also granted Humboldt Bliss an option to purchase a controlling interest in Ethos Technology LLC, dba Comply Bag®, a wholly-owned subsidiary of Cannabis Global, for $4 million, which controls the products and the associated intellectual property.

David Welch, the managing partner at DRWelch, a Los Angeles-based law firm specializing in regulatory compliance and intellectual property issues with a strong specialization in the cannabis industry, who serves as general counsel of Humboldt Bliss, commented, “We see strong possibilities relative to Comply Bag® especially relating to what most people in the cannabis industry believe will be an upcoming national market for cannabis. Comply Bag® is the best way to stop diversion of cannabis from the legal market into the illicit market and we believe likely to become a standard requirement for Government approved cannabis facilities. As more licensed and legal cannabis commerce occurs, the secure tracking and tracing of cannabis shipments will become a vital interest of both corporations and regulatory agencies.”

 

 Comply Bag® utilizes proven security, tamper resistance, and tracking

features that will allow cannabis companies to transport products

as safely as large financial institutions transport cash and marketable securities.

The product includes the integration of the METRC applications programming interface (API)

into a custom smartphone app that will allow cannabis shippers and receivers to scan shipments

with the information being integrated directly into the leading cannabis track and trace system.

At least 15 states, including California. #CannabisGlobal

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Cannabis Global Launches Research Program for Psychedelics Infusions

Los Angeles, California USA October 4, 2021 – Cannabis Global, Inc.  an innovation-oriented company investing in disruptive cannabis and hemp-related technologies, today announces it has launched a new research initiative to develop methods to infuse food and beverage with psychedelic compounds, such as psilocybin, psilocin, baeocystin, norbaeocystin, aeruginascin, among others, found in many species of mushrooms.

Cannabis Global

A major component of the program will be the development of new ways to infuse both the psychedelic compounds and fungi components into products to both improve bioavailability and to mask the bitter tastes of the fungus and its components.

“It is an exciting time relative to psychedelics with California beginning to collect signatures toward placing a magic mushroom legalization measure on the 2022 ballot,” commented Arman Tabatabei, chief executive of Cannabis Global.

“This new research program will capitalize on our previous infusion research program where we developed several novel techniques for cannabinoids resulting in the filing of three non-provisional and six provisional patent applications.”

Cannabis Global plans to locate a laboratory within a California jurisdiction that has passed municipal legislation that permits such research.

The Company’s efforts will be strictly for research purposes with the aim to develop techniques for infusions so that commercial activities could commence when legally permissible.

Mr. Tabatabaei continued, “We believe legalization within California of certain psychedelic products is close at hand. It is our aim to leverage what we have learned relative to cannabis food/beverage infusion into a marketable set of technologies relative to psychedelics. It’s our opinion that several of our techniques, in particular relating to our polymeric nanoparticle and emulsion infusions, will likely also apply to this potentially large future marketplace.”

About Provisional Patent Filings Under United States patent law,

a provisional application is a legal document filed in the United States Patent and Trademark Office,

that establishes an early filing date, but does not mature into an issued patent unless the applicant files a regular non-provisional patent application within one year.

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Cannabis Global Selects Oakland, CA for New Mushroom-based Psychedelics Infusion Research Initiative

 

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

is pleased to announce that it has selected Oakland, CA for the location of its new research initiative to develop methods

to infuse food and beverage products with naturally occurring psychedelic compounds found in many species of mushrooms.

Oakland was selected due to its track record of open-mindedness toward research into psychedelic compounds, such as psilocybin.

As announced in the Company’s release dated October 4,

Cannabis Global recently launched a new research initiative to develop novel methods to infuse foods and beverages with psychedelic compounds

found in many species of mushrooms, including psilocybin, psilocin, baeocystin, norbaeocystin, and aeruginascin, among others.

A major component of the program will be the development of new ways to infuse both the psychedelic compounds

and fungal components into derivative products to improve both bioavailability and taste.

Arman Tabatabei,

CEO of Cannabis Global commented,

“It’s an exciting time for those interested in the benefits of psychedelics as the citizens of California

have the capability to sign petitions to add an initiative to the 2022 legislative agenda to legalize

these potentially healthful compounds.

We certainly support such efforts and plan to conduct research to apply our food and beverage infusion expertise

from our years of work in the cannabis sector to this emerging marketplace.”

 

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, and are the developer and marketer of the Hemp You Can Feelâ„¢ brand.

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 Bagâ„¢, an innovative solution for cannabis storage, transport and tracking

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Cannabis Global Launches Research Program for Psychedelics Infusions for Foods and Beverages

LOS ANGELES, CA October 4, 2021

Cannabis Global

Cannabis Global, Inc. an innovation-oriented company investing in disruptive cannabis and hemp-related technologies, today announces it has launched a new research initiative to develop methods to infuse food and beverage with psychedelic compounds, such as psilocybin, psilocin, baeocystin, norbaeocystin, aeruginascin, among others, found in many species of mushrooms.

A major component of the program will be the development of new ways to infuse both the psychedelic compounds and fungi components into products to both improve bioavailability and to mask the bitter tastes of the fungus and its components.

also known as Copelandia cyanescens, blue meanies, or Hawaiian mushrooms, contain 0.48% of psilocin, 0.11% of psilocybin, and 0.02% of baeocystin

Panaeolus Cyanescens Panaeolus Cyanescens 1 P.cyanescens, also known as Copelandia cyanescens, blue meanies, or Hawaiian mushrooms, contain 0.48% of psilocin, 0.11% of psilocybin, and 0.02% of baeocystin. It is more potent than the liberty caps, with about 1 to 2 grams of dried form imparting robust effects. Effects It is considered to be one of the most potent magic mushrooms. It induces both visual and auditory hallucinations. Users have reported seeing bright colored objects. The effects may last up to 6 hours or may extend to 7 hours with higher doses.

It is an exciting time relative to psychedelics with California beginning to collect signatures toward placing a magic mushroom legalization measure on the 2022 ballot,” commented Arman Tabatabei, chief executive of Cannabis Global.

“This new research program will capitalize on our previous infusion research program where we developed several novel techniques for cannabinoids resulting in the filing of three non-provisional and six provisional patent applications.”

Cannabis Global plans to locate a laboratory within a California jurisdiction that has passed municipal legislation that permits such research.

The Company’s efforts will be strictly for research purposes with the aim to develop techniques for infusions so that commercial activities could commence when legally permissible.

About Provisional Patent FilingsUnder United States patent law, a provisional application is a legal document filed in the United States Patent and Trademark Office, that establishes an early filing date, but does not mature into an issued patent unless the applicant files a regular non-provisional patent application within one year.

For more information on Psychedelic Mushrooms Click On This Informative Guidance PA Link

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