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Cannabis Global – CBGL. We are an emerging force in the cannabis marketplace with a growing product and proprietary intellectual property portfolio.

Cannabis Global (CBGL) Closed Q2 2022 and Sees Healthy Continued Revenue Increases, Provides Investor Updates


LOS ANGELES, CA July 21, 2022 Cannabis Global, Inc. CBGL Cannabis Global, Inc., a licensed Los Angeles-based manufacturer and distributor in the cannabis sector, today provides an update for its investors and the marketplace after reporting its third fiscal quarter ending in May 31, 2022.

2022 Will Be CBGL Year To Watch

During the third fiscal quarter the Company continued to expand its customer base and the number of products manufactured and distributed. Four new products were launched in the edibles space and five in the solventless. New orders grew significantly during the quarter for solventless cannabis concentrates, zero cannabis taste edibles, and concentrate based flower products. Over the coming weeks the Company expects these products to be delivered to both storefront retailers and delivery companies. During the current quarter, which ends on August 31, 2022, the Company also expects to launch its Northern Lights brand consisting of premium flower-based products, edibles and solventless concentrates.

“During this recently reported quarter, we experienced numerous successes relative to product rollouts, customer orders and deliveries. We believe the strong growth in our order pipeline from significantly sized retailers will allow us to continue to experience growth in product revenues,” commented Arman Tabatabaei, Chief Executive Officer of Cannabis Global, Inc. 

Cannabis Global 2022

For the third fiscal quarter, the Company produced revenues of approximately $792,000, a sequential increase of approximately 25% over the previous quarter. Revenue growth during the quarter was a result of increased orders from recently introduced cannabis brands and an expansion of distribution related activities. Total assets rose to $14.9 million as of May 31, 2022 from approximately $11.4 million as of May 31, 2021. 

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(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. 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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High VS Hemp — Even My Wife Loves the Results. Why Hemp Is Its Own Enemy.

Why should you be growing industrial hemp?

Well, it is the crop of the future (and the past), it will soon be in high demand and it has the potential to be an economic genie in a bottle. Hemp takes half the water that wheat does, and provides four times the income. Hemp is giving farming families in the climate change era.—

Colorado farmer Ryan Loflin Growing industrial hemp used to be a legal crop however, many years ago a few guys in a room decided it was too close to the marijuana plant and rather than take the time to do the research and learn they were wrong, they just decided to make it illegal. But times, they are a-changin’.

 

 

There are now all states in which farmers are legally growing industrial hemp; some for agricultural study and others as their primary crop. If you are considering changing out your cotton or wheat or even tobacco for another, more economical and profitable crop, now is the time to research the benefits of growing industrial hemp.

So What Are the Benefits of Growing Industrial Hemp?

The hemp growing season is relatively short and farmers can fit in two growing seasons in a single year. Industrial hemp requires much less water than other crops. It grows in a variety of soil consistencies making it ideal regardless of the terrain or climate Hemp plants do not require pesticides making it more affordable and non-toxic. Industrial hemp plants are used in their entirety, producing more than 25,000 different products and a variety of industries

The United States has a multi-million dollar need for the product which has been previously imported so the demand already exists From a recent Hemp, Inc. press release we learn: “In 2011, the U.S. imported $11.5 million worth of legal hemp products, up from $1.4 million in 2000. Most of that growth was seen in hemp seed and hemp oil, which finds its way into granola bars and other products.” Other estimates place the U.S. 2013 hemp sales at half a billion dollars ($500 million). And that is just the tip of the iceberg.

From the article announcing Alabama House and Senate Passing the Industrial Hemp Bill we learn: Thus far in the United States, 27 states which include California, Colorado, Connecticut, Delaware, Hawaii, Illinois, Indiana, Kentucky, Maine, Maryland, Michigan, Minnesota, Missouri, Montana, Nebraska, Nevada, New York, North Carolina, North Dakota, Oregon, South Carolina, Tennessee, Utah, Vermont, Washington, West Virginia, and Virginia have adopted pro hemp laws. The United States remains one of the biggest importers of hemp.

 

 

Over 30 countries produce industrial hemp, including Australia, Austria, Canada, Chile, China, Denmark, Egypt, Finland, France, Germany, Great Britain, Hungary, India, Italy, Japan, Korea, Netherlands, New Zealand, Poland, Portugal, Romania, Russia, Slovenia, Spain, Sweden, Switzerland, Thailand, Turkey and Ukraine. And Louisiana, Ohio and Pennsylvania are set to pass the Industrial Hemp Farming Act of 2015 next.

 

You can help make the future happen by signing the petition from the National Hemp Association. They need your help to get 1M signatures and raise the money to take this to the federal level and make industrial hemp legal across all 50 states. It is time to prepare for the future and the future includes farmers growing industrial hemp. Are you on board

 

There’s a new hemp trend sweeping the nation and it has nothing to do with those beaded friendship bracelets from the ‘90s.

Twenty-three states have now enacted pro-industrial hemp legislation (Hawaii Governor Neil Abercrombie signed the latest bill this past week), making the cousin crop to marijuana a national phenomenon. Since the beginning of the year, more than 70 bills related to hemp have been introduced in more than half of the country’s states. Passage of the recent Farm Bill, which legalized the crop for research purposes, further cleared the way for industrial hemp production.

Hemp, which is the same species as marijuana (Cannabis sativa) but contains little to no THC, was grown widely in America before anti-drug sentiment helped make it unpopular in the 1950s. Today, however, the nation’s turning tide on marijuana means its “sober cousin“ is also making a comeback.

Hemp policy is “not just turning a corner,” Rep. Earl Blumenauer (D-Ore.) told The Huffington Post earlier this year. “It’s turning a corner and running downhill.”

So what’s with America’s new obsession with hemp? Below, 9 reasons this wonder crop is sweeping the nation, almost all of which are rooted in the crop’s sustainable and environmentally-friendly characteristics:

1. It’s a farmer’s best friend
Not only does hemp grow in a variety of climates and soil types, it also grows very tightly spaced (decreasing land use) and has a fast growing rate (which leads to high yields). Farmers in Canada are reportedly making $300-per-acre profits from growing hemp. Moreover, because the crop improves soil health (see below), farmers can grow food crops immediately after a hemp harvest without a fallow period.

2. It’s an environmentalist’s best friend
Ever wonder where the nickname “weed” comes from? The hemp plant grows like one, obviating the need for most pesticides (it is naturally resistant to most pests), herbicides, fungicides and thriving on less water than most crops. Because of its resiliency, it has also been flagged as a natural way to clean up soil pollution. Using a process called phyto-remediation, hemp was used at Chernobyl to harmlessly extract toxins and pollutants from the soil and groundwater. Hemp actually absorbs CO2 while it grows through natural photosynthesis, making it carbon-negative from the get-go.

3. It can compete with cotton
Hemp has been used as a fabric since time immemorial. As a textile, hemp is durable, comes in a variety of natural colors based on how it is processed from the plant, and has “a wonderful drape, comparable to linen,” according to Patagonia. Plus, it needs approximately half as much land and half as much water as cotton does to thrive.

4. It’s a “superfood”
Hemp seeds are used in a variety of health foods, including hemp seed butters, hemp seed energy bars, hemp oil and even hemp seed milks. The seeds have a nutty flavor and are regarded as a superfood since they are high in omega-3 fatty acids and complete protein.

5. It could save the trees
Hemp pulp has been used to create paper for at least 2,000 years, including a draft of the Declaration of Independence, but it is currently significantly pricier to process than wood pulp. If processing costs come down, however, hemp pulp could conceivably replace wood pulp, creating a more durable, sustainable and recyclable paper. Moreover, hemp’s low lignin content and naturally light color mean that fewer chemicals and less bleach would be needed to pulp and color hemp paper.

6. It can be made into bio-fuel
A 2009 study from the University of Connecticut’s Biofuel Consortium found that hemp seed oil made a “viable and even attractive“ feedstock for producing biodiesel. Hemp biodiesel proved to be high efficiency (97 percent of the hemp oil was converted to biodiesel) and could even be used at lower temperatures than other biodiesels.

7. We can make carbon-neutral buildings with it
Lovingly called “hempcrete,” hemp fiber can be mixed with lime to create carbon-neutral building supplies, including insulation, pressboard, flooring and wall construction. Hempcrete is energy-efficient, non-toxic and resistant to mold, insects and fire. Moreover, it is easier to work with than concrete and just as strong.

8. It can replace plastic
Henry Ford famously built a car out of hemp & soy plastic in the early 1940s, and Lotus recently did the same. In 2008, the Lotus Eco Elise used hemp in its composite body panels and spoiler, and many car manufacturers have since switched to hemp composites for door panels, columns, seat backs, boot linings, floor consoles and instrument panels. Hemp composites are stronger, lighter and cheaper than fiber glass and carbon fiber — plus, they’re recyclable!

9. It could make America a lot of money
Currently, America imports most of its hemp seed and hemp oil from China and Canada. In 2011, the U.S. imported $11.5 million worth of hemp products, up from $1.4 million in 2000. With the laws against industrial hemp changing, however, the U.S. has a chance to create domestic jobs and capitalize on the growing market. Some estimates value the U.S. industrial hemp market at $500 million per year; Canada’s hemp industry is reportedly going to break a billion dollars this year in earnings.

Just to remind our subscribers what $1000000 would buy. Or enable https://www.beerofthemonthclub.org/1000000-dollar-bill-1-million/

 

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