Los Angeles, CA - (NewMediaWire) - February 27, 2019 - Agritek Holdings, Inc. (OTC PINK: AGTK) www.AgritekHoldings.com, a fully integrated, active cannabis real estate investor and brand licensor for the cannabis sector in the United States and Canada, today announced that Company’s CEO, Suneil Singh Mundie “Neil Mundie”, is now featured in his first CEO webcast Interview on behalf of Agritek Holdings with Uptick Newswire. Mr. Mundie joined host Everett Jolly to discuss the Company’s cultivation, manufacturing, and edibles operations in Colorado, Puerto Rico and California.The interview may be heard by pasting the link below in your browser or clicking here:https://upticknewswire.com/featured-interview-ceo-neil-mundie-of-agritek-holdings-inc-otc-agtk/ The Company will also be featured on Uptick’s (www.Upticknewswire.com) YouTube channel, Twitter, and Stock Day Podcast. “I will continue to tell the Agritek Holding’s story to multiple media and news outlets to ensure the small cap investment audience is fully aware of our continued growth with projects in multiple jurisdictions within the cannabis sector. Our recent licensee approvals and expansion into the edibles and now beverage markets both as THC and CBD offerings in licensed states continues to make us the Company to watch,” stated Mr. Mundie, CEO of Agritek HoldingsThe Agritek Holdings move back into the edibles and cannabis beverage business coincides with the cannabis beverage industry beginning to gain major attention from some of the largest known Companies after Tilray announced the acquisition of Manitoba Oil of Canada and “eyeing the growing CBD food and drink market in the U.S.” Recent news has also expressed that Starbucks could be the first big chain to launch a cannabis based drink. “While some big players are only now starting to get interested in producing a CBD or THC infused drink, AGTK was the first to recognize the infused beverage industry, import and license Hemp beverages to dispensaries several years ago under its symbol MediSwipe, with the launch of Chillo, a hemp based energy drink and C Swiss Tea sold in California, Michigan, and available through Amazon, the largest online retailer in the world.“Agritek still retains all of our contacts, distribution channels and accounts to take advantage of the new explosion of the infused beverage industry and opportunities, and our new beverage product lines debuting next quarter, in my opinion, will surpass anything presently in the marketplace with our custom brands and formulations,” added Mundie.ArcView Market Research in partnership with BDS Analytics, stated that cannabis edibles spending reached $1.4 billion by 2018 and sales are on track to bring in more than $4.1 billion by 2022. But that number could prove to be just a fraction of its potential now that major consumer packaged goods companies are entering the industry. Agritek Holdings currently has three edibles brands and plans for two beverages moving into the US markets.About Agritek Holdings, Inc.Agritek Holdings, Inc. (www.AgritekHoldings.com), is a fully integrated, active investor and operator in the legal cannabis sector. Specifically, Agritek Holdings provides strategic capital and functional expertise to accelerate the commercialization of its diversified portfolio of cannabis related holdings. Currently, the Company is focused on three high-value segments of the cannabis market, including real estate investment, intellectual property/brands, and infrastructure, with operations in three U.S. States, Canada and Puerto Rico. Agritek Holdings, Inc. presently owns or manages property in Colorado, Washington State, Puerto Rico and Canada and has licenses with permitted facilities in California approved for cultivation as well as manufacturing capabilities. The company owns several Hemp and cannabis brands for distribution including "Hemp Pops", Hemp oil wellness products and "California Premiums". Agritek Holdings, Inc. does not directly grow, harvest, or distribute or sell cannabis or any substances that violate or contravene United ...
CHICAGO, IL - (NewMediaWire) - February 27, 2019 - CannaTrac® (“CannaTrac”), the leading cashless mobile payment system solution for the cannabis industry, today announced that the company has released their global application programming interface (“API”) for platforms to easily integrate with CannaCard®.By providing a global API, CannaTrac® greatly simplifies the integration process for programmers. This ease of integration makes adopting the CannaCard® significantly more appealing to a large range of retailers and Point-of-Sale (“POS”) companies looking for a cashless payment solution. Additionally, CannaCard’s integration capabilities include POS systems embedded into seed-to-sale cannabis software programs.“When developing CannaCard®, we knew the importance of developing the software with a global API to make it as easy as possible for retailers and POS companies to adopt our cashless payment solution,” said Tom Gavin, CEO of CannaTrac®. “Our global API just puts us one step closer to serving as the cannabis industry’s go-to cashless payment solution.” CannaTrac’s global API allows programmers to save an immense amount of time and therefore is more cost-effective for companies looking to add CannaCard® as a payment option. CannaTrac® provides all steps for integration besides the direct tie of CannaCard® into the individual retailer’s platform.The CannaCard® presents users with preference options of both a physical card and a free mobile app that allow users to easily upload funds through the app with their checking account, debit card, credit card, and/or cash in person at partnered dispensaries or retail locations. After announcing last month, CannaTrac® had entered into an agreement with 18,000 retail locations predominantly made up of non-cannabis retail locations, the company gained the opportunity to serve consumers as the one-stop card necessary for all transactions.The CannaCard® app can be downloaded for free from Google Play and Apple Store. Consumers can reload their CannaCard® at participating dispensaries and retail stores, or directly through their online/mobile account. The flat fee to load their account is $0.95. ABOUT CANNATRAC®CannaTrac® offers a cashless payment solution for the cannabis industry. With the CannaCard® or our CannaCard App™, both consumers and retailers benefit from the ease and safety of cashless payments.Daniella Ruiz 619-788-1556 daniella@cmwmedia.com
New York, NY - (NewMediaWire) - February 27, 2019 - Alt 5 Sigma, the only cryptocurrency trading platform designed specifically for financial services providers and built with the highest security, accessibility, compliancy and transparency of the industry, is pleased to announce that it has acquired an ownership stake in Wynston Hill Capital LLC, a New York City based FINRA broker dealer.According to the acquisition agreement, Alt 5 Sigma has acquired an ownership stake of Wynston Hill Capital with an option to increase its ownership.“The ownership and partnership with Wynston Hill Capital are very strategic in our development and their dynamic offering truly completes our own products and services offering,” said André Beauchesne, President and CEO of Alt 5 Sigma Inc. “The digital asset industry is very dynamic but requires stringent security, compliancy, and transparency and this partnership positions our firm at the forefront.”“We have been approached by many crypto related companies in the last several years, but Alt 5 Sigma’s management knowledge of the industry, its trading platform, custodian and cold storage services are what the industry desperately need, and we are pleased to be partnering with them,” said Craig Sherman, Chief Executive Officer of Wynston Hill Capital LLC.About Wynston Hill Capital LLCWynston Hill Capital LLC is a full-service boutique investment bank that works with established companies across a diverse universe of industries. The company distinguishes itself by adding value to our individual clients by comprehending and focusing on the short and long-term financial and strategic goals of our clients. We strive on our relationship-based approach- utilising our diverse network of contacts as an opportunity to develop long-lasting partnerships for both clients and partners.About Alt 5 SigmaAlt 5 Sigma is a Fintech specializing in the development and deployment of digital assets trading and exchange platforms. Alt 5 Sigma was created by financial industry specialists out of the necessity to provide the digital asset economy with security, accessibility, compliancy and transparency.Alt 5 Sigma provides its clients the ability to buy, sell and hold digital assets such as Bitcoin, Ethereum, Litecoin, Bitcoin SV, Monero and Ripple, in a safe and secure environment deployed with the best practices of the financial industry. Alt 5 Sigma’s products and services are available to banks, broker dealers, funds, family offices, professional traders, retail traders, digital asset exchanges, digital asset brokers, blockchain developers, and financial information providers.Alt 5 Sigma digital asset custodian services are secured by GardaWorld. GardaWorld is the world's largest privately-owned business solutions and security services company, offering cash management services, physical and specialized security solutions and, with the Crisis24 portal, the dissemination of vetted information related to international security. A partner of choice for private companies, governments, humanitarian organizations, and multinationals with personnel all over the world, GardaWorld employs more than 72,000 highly skilled, dedicated professionals who serve a diverse clientele in North America, Africa, Asia and the Middle East. In the complex world we live in, our reputation is based on the quality of our services, as well as the commitment and integrity of our people.For more information, visit www.alt5sigma.comContact:Alt 5 Sigma: Tel. 1-800-204-6203media@alt5sigma.comWynston Hill Capital LLC: 1-828-767-1015sherman@wynstonhillcapital.comwww.wynstonhillcapital.com
DENVER, CO - (NewMediaWire) - February 27, 2019 - Phoenix Life Sciences International Limited (OTC: PLSI) (“Phoenix Life”), an international adaptive healthcare solutions company, today announced that Michael Gobel has joined as the company’s Board of Directors to help the company navigate the next steps for larger capital investment and compliance for a planned uplisting to NASDAQ.“Financial management and a strong capitalized organization both play large roles in the progression of our international expansion,” said Phoenix Life Sciences International CEO Martin Tindall. “Michael Gobel’s extensive experience in risk assessment, financial guidance and balancing various capital opportunities will be imperative in implementing a successful long-term financial strategy.” Gobel holds a Master’s degree in Applied Finance from Macquarie University in Sydney and has more than three decades of experience in the finance industry. He serves as Company Director and Portfolio Manager, managing investments and associated risk in local and overseas equity markets. Additionally, Gobel currently serves as a consultant on economic developments and major projects while also representing a variety of interests to federal ministers and senior government advisors. Michael is on a number of Boards including as Deputy Chairman of an Australian Bank, assisting in guiding the company’s corporate governance and strategy, ensuring best practices and encouraging a culture of proactive risk management.“Assessing and choosing financial decisions and managing reducing risk factors will help ensure that Phoenix Life achieves forward progression in company milestones and continual success,” said Phoenix Life’s new Board Member, Michael Gobel. “I look forward to working with a company that has many innovative and potentially revolutionary goals.” To learn more about Phoenix Life Sciences International, please visit http://www.phoenixlife.co.About Phoenix Life Sciences International LimitedPhoenix Life Sciences International Limited is an adaptive healthcare solutions company. Our business is to advance research and integrate programs and manufacturing of products that target and treat diabetes, pain, cancer, and address psychological, gastrointestinal, autoimmune, neurological and sleep disorders. We strive to create partnerships and integrate these programs for human health into communities worldwide as part of our Global Health Initiative.FORWARD-LOOKING STATEMENTS Information contained in this press release regarding Phoenix Life Sciences International, Limited and its subsidiaries, (the “Companies”) may constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements. The words “plan”, “forecast”, “anticipates”, “estimate”, “project”, “intend”, “expect”, “should”, “believe,” and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve, and are subject to, known and unknown risks, uncertainties and other factors which could cause the Company’s actual results, performance (financial or operating) or achievements to differ from the future results, performance (financial or operating) or achievements expressed or implied by such forward-looking statements. The risks, uncertainties and other factors are more fully discussed in the Company’s filings with the U.S. Securities and Exchange Commission. All forward-looking statements attributable to the Companies herein are expressly qualified in their entirety by the above-mentioned cautionary statement. The Companies disclaim any obligation to update forward-looking statements contained in this press release, except as may be required by law.FOOD AND DRUG ADMINISTRATION (FDA) DISCLOSUREThese statements have not been evaluated by the FDA and therefore the products sold by Phoenix Life Sciences International are not available in the U.S.LEGAL DISCLOSUREPhoenix Life Sciences International does not sell or distribute any products in the United States that are in violation of the United States ...
Seattle, WA - (NewMediaWire) - February 27, 2019 - CFN Media Group (“CFN Media”), the leading agency and financial media network dedicated to the North American cannabis industry, announces publication of an article discussing Helix TCS Inc. (OTCQB: HLIX), and its recent partnership with the State of Illinois.Helix TCS Inc. (OTCQB: HLIX), through its subsidiary BioTrackTHC, recently teamed up with the State of Illinois to measure the impact of medical cannabis on opioid use in its Opioid Alternative Pilot Program. The program could become a model for other states facing the same problems, while opening the door for more revenue opportunities for Helix TCS’ unique software solutions.The opioid epidemic has become a major health risk for the United States and Canada. After years of overprescribing, opioid addiction affects a record number of individuals that are increasingly turning to dangerous synthetic opioids. These trends have led to a growing number of overdose deaths across North America. The good news is that medical cannabis has helped turn the tide in a growing number of states.Click here to receive an investor deck and corporate updatesGrowing Opioid EpidemicDrug overdoses have become the leading cause of death of Americans under 50—and two-thirds of those deaths come from opioids. As the most prescribed class of drugs in the U.S., long-term opioid use has skyrocketed over the past several years. Painkiller prescriptions tripled from 76 million to 219 million per year between 1991 and 2011, and nowadays, nearly 300 million prescriptions are issued each year.There are many ways that regulators aim to fight the opioid epidemic. For example, methadone clinics offer long-term treatment options for addicts while behavioral treatments are designed to help people kick their addiction. The problem is that these solutions don’t address the underlying problem of nearly one-third of Americans living with chronic pain—chronic pain that needs some form of treatment.The legalization of medical cannabis across a growing number of states could offer a solution. According to the American Medical Association, states with modernized cannabis laws see a significant reduction in opioid dependence and opioid-related deaths. The assumption is that many chronic pain sufferers are amenable to using cannabinoids as an alternative treatment, and cannabinoids don’t have the same adverse side-effects.Click here to receive an investor deck and corporate updatesBioTrackTHC Powers ResearchThe State of Illinois has become a pioneer in measuring these trends with its Opioid Alternative Pilot Program. By tracking patients taking alternative medications, such as medical cannabis, the state hopes to find clear pathways to fight the nationwide epidemic. The challenge is tracking the use of medical cannabis since it occurs outside of the traditional medical system where doctors issue prescriptions purchased at pharmacies.Helix TCS Inc.’s (OTCQB: HLIX) BioTrackTHC subsidiary provides the key missing ingredient—a software application that tracks medical cannabis across the supply chain. Earlier this month, the company announced that the State of Illinois selected its software to track medical cannabis sales for patients participating in the Opioid Alternative Pilot Program, in addition to its existing tracking and tracing of the state’s medical cannabis supply chain.“Helix TCS is uniquely positioned to deliver the critical tracking and compliance technology infrastructure surrounding both forms of medicine in existing and emerging medical and recreational cannabis markets through our subsidiary, BioTrackTHC, and will be able to leverage tracking data to directly correlate changes in opioid use to medical cannabis expansion,” says Helix TCS Executive Chairman and CEO, Zachary L. Venegas.The agreement in Illinois could become a template for other states looking to implement similar programs, with key states, including New York, considering this path and also utilizing the BioTrackTHC solution for government oversight of the state’s medical cannabis ...
Company Plans to Acquire Majority Interest in Cebadora ™ Brand Yerba Mate BeveragesDenver, CO - (NewMediaWire) - February 27, 2019 - The Pocket Shot Company, (OTC: PCKK), a ten-year-old specialty alcoholic beverage distribution company based in Denver, Colorado, is pleased to announce that it has entered into a Letter of Intent (LOI) to acquire a 51% interest for stock and cash consideration in Cebadora, Inc., an early stage California based company engaged in the development of yerba mate based beverages. The letter of intent also allows The Pocket Shot Company an option to further acquire up to an 81% interest in Cebadora, Inc. “We are excited to expand our existing beverage business with our development plans for yerba mate based products infused with cannabidiol (CBD) and cannabis, in accordance with what is specifically allowed in various markets,” said David Lamadrid, CEO of the Pure Harvest Cannabis Group and the Pocket Shot Company. “Cebadora presents an ideal opportunity to offer health conscious consumers alternative products that support wellness and active life styles.” “On behalf of Cebadora, we are thrilled to be working with the team at Pure Harvest. Their resources and knowledge, both in the beverage space and in cannabis infused product lines, makes them an ideal partner for us,” stated Lucas Hildebrand, CEO of Cebadora Inc. “Pure Harvest also provides Cebadora with strategic opportunities to expand our product lines and execute our vision on a much larger scale." The Cebadora™ brand is inspired by the very popular South American tea beverage called “yerba mate”, a mineral rich stimulant known for its anti-inflammatory and antioxidant properties. The naturally caffeinated beverage is widely known as the National Drink of both Argentina and Uruguay. By long standing tradition it is a “Cebador(a)” that prepares and serves a great tasting yerba mate and ceremoniously shares with a group of friends. About the Pure Harvest Cannabis GroupThe Pure Harvest Cannabis Group is a new science-based medical cannabis company with a commitment to the highest quality products, ethical growing standards, environmental awareness, and corporate integrity. Pure Harvest intends to develop into a large scale vertically integrated producer and distributor in large, established, and growing markets.Pure Harvest is focused on developing precision dosed cannabinoid health and wellness consumer products. The Company’s goals include establishing Pure Harvest Cannabis as an iconic consumer product brand offering a wide variety of cannabis/CBD products that can be sold in multiple international markets that have legalized cannabis and hemp-derived products.Pure Harvest has recently merged with The Pocket Shot Company and plans to transition into a vertically integrated multi-state operator (MSO) and multi-country producer and purveyor of the finest quality cannabis and hemp derived products for active life styles, and to support patient health and well-being.About The Pocket Shot CompanyThe Pocket Shot Company, a portable spirit company, designs, produces, and distributes hard liquor and other beverages in flexible single-serving pouches in the United States. It offers Pocket Shot, a grab and go package for alcoholic beverages. The Company offers Pocket Shot in bourbon, whiskey, rum, vodka, brandy, tequila, cherry vodka, cinnamon whiskey, peppermint schnapps, spiced rum, and cinnamon schnapps flavors. It also offers its products through online retailers. The Pocket Shot Company was founded in 2003 and is based in Evergreen, Colorado.Forward Looking StatementsCertain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933, are subject to Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbors created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking ...
San Jose, CA and New York, NY - (NewMediaWire) - February 27, 2019 - Sonasoft Corp. (OTCQB: SSFT), a leader in innovative eDiscovery and artificial intelligence (AI) solutions, and Trusted Data Solutions (TDS), the global leader in legacy data and voice management and transformation, jointly today announced a new partnership with Cornerstone Technologies, a Sonasoft company. Cornerstone Technologies is an innovative Silicon Valley-based engineering services and product resale organization that focuses on the gathering and analyzing of data for intelligent decision making. TDS’s Evolve email archive migration solutions coupled with Cornerstone Technologies’ leadership in the migration services market offers clients a trusted and efficient path for their legacy email and data. “The demand for broad-based data archiving and large volume data migrations among mid-size and large companies seems to be unending,” said Frank Velasquez, Chief Executive Officer of Sonasoft and Cornerstone. “TDS’ impressive legacy data management experience is a perfect fit with who we are and our business model. This partnership will enable us to expand our portfolio with TDS’ suite of email archive migration technology and tape restoration services to our customers. We are increasing our capability to support even larger scale projects, while still maintaining the same level of security, defensibility, and compliance. We also see this as an opportunity to show the value of our open archiving platform and e-discovery software solution.”Similar to TDS, Cornerstone Technologies plays a pivotal role in transforming IT environments, providing data migration, eDiscovery, and other related services to help clients in healthcare, financial services, retail and high-tech sectors move forward with their technologies. “Cornerstone Technologies has established a notable footprint with its engineering and consulting solutions over the past decade,” said Marcella Arthur, vice president of marketing and channel operations at TDS. “We are excited to be joining forces and creating even bigger ripples in the space.” For more information on Trusted Data Solutions go to:https://www.trusteddata.com/For more information about the services and solutions of Cornerstone Technologies and Sonasoft, go to:https://cornerstonetechnologies.com/https://www.sonasoft.com/This news story originally was released by Trusted Data Solutions (TDS) on February 26, 2019:https://www.trusteddata.com/news/cornerstone-partnership-announcement/About Trusted Data SolutionsFor more than two decades, Trusted Data Solutions (TDS), the foremost expert in legacy data management, has set the standard for compliant access, management and transformation of voice and other electronic data. Their leadership in backup tape restoration, email archive migration, and voice logging retrieval and restoration services, coupled with their recent Voice Compliance Practice advancements, makes them a one-stop-shop for organizations requiring an all-inclusive voice managed service. TDS is the preferred choice for corporations, regulated institutions, eDiscovery specialists, government agencies and law firms that require compliant data transformation. Their industry leadership is demonstrable in their commitment to advancing their services and operations to support the demands of their growing, global customers and partners.With its North America Headquarters in New York City, and two international headquarters in the United Kingdom and Singapore, TDS maintains one of the most expansive global restoration assurance facility footprints in the market. Facilities are based in New York, New Jersey, California, Canada, England, Wales, Germany, the Netherlands, Norway, Switzerland, Australia, Hong Kong, and Singapore. Millions of customer tapes are under TDS management, equating to over 500 petabytes of data, and TDS has successfully delivered over 37 thousand projects.TDS is a wholly owned subsidiary of TDS Global Holdings which is privately held.About Cornerstone TechnologiesBased in the heart of Silicon Valley, ...
Achievement signifies Unified Payments’ commitment to excellence in financial services Miami, FL - (NewMediaWire) - February 27, 2019 - Net Element, Inc. (NASDAQ: NETE) (“Net Element” or the “Company”), a global technology and value-added solutions group that supports electronic payments acceptance in a multi-channel environment including point-of-sale (“POS”), today announces Unified Payments is among the first companies to achieve self-regulatory certification from the Electronic Transactions Association. The Electronic Transactions Association ("ETA") recently announced the ETA Self-Regulation Program (“ETA SRP”) which seeks to improve security and reduce risk in the payments industry by identifying and acknowledging companies that have a deep understanding of the risks associated with financial services. The ETA is a worldwide trade association serving more than 500 member companies within the fintech payments ecosystem. The ETA Self-Regulation Program affirms the payments industry’s commitment to maintaining robust risk management programs and provides a benchmark for the industry. “The ETA SRP also demonstrates to various federal regulatory bodies that the Payments industry is not only capable of self-regulation but will continue to take concrete steps to mitigate instances of abuse.”“Being among the first payments services companies to obtain ETA SRP certification is a reflection of our commitment to excellence in our industry,” said Shawn Brown, head of risk for Net Element. “We are pleased to support this program which assures our customers and stakeholders of our dedication to utilizing best practices in every facet of our company.”About Net ElementNet Element, Inc. (NASDAQ: NETE) operates a payments-as-a-service transactional and value-added services platform for small to medium enterprise ("SME") in the U.S. and selected emerging markets. In the U.S., the Company aims to grow transactional revenue by innovating SME productivity services using various technology solutions and Aptito, our cloud-based, restaurant and retail point-of-sale solution. Internationally, Net Element's strategy is to leverage its omni-channel platform to deliver flexible offerings to emerging markets with diverse banking, regulatory and demographic conditions. Net Element was ranked as one of the fastest growing companies in North America on Deloitte's 2017 and 2018 Technology Fast 500™. In 2017 we were recognized by South Florida Business Journal as one of 2016's fastest-growing technology companies. Further information is available at www.NetElement.com.Forward-Looking StatementsSecurities Exchange Act of 1934, as amended. Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements. Words such as "continue," "will," "may," "could," "should," "expect," "expected," "plans," "intend," "anticipate," "believe," "estimate," "predict," "potential," and similar expressions are intended to identify such forward-looking statements. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of Net Element and are difficult to predict. Examples of such risks and uncertainties include but are not limited to (i) Net Element's ability (or inability) to obtain additional financing in sufficient amounts or on acceptable terms when needed; (ii) Net Element's ability to maintain existing, and secure additional, contracts with users of its payment processing services; (iii) Net Element's ability to successfully expand in existing markets and enter new markets; (iv) Net Element's ability to successfully manage and integrate any acquisitions of businesses, solutions or technologies; (v) unanticipated operating costs, transaction costs and actual or contingent liabilities; (vi) the ability to attract and retain qualified employees and key personnel; (vii) adverse effects of increased competition on ...
Attains Proprietary CBD FormulationsHicksville, NY - (NewMediaWire) - February 27, 2019 - Canbiola, Inc. (OTCQB: CANB) (“Canbiola” or the “Company”), a developer, manufacturer and seller of a variety of Cannabidiol (Hemp) based products such as oils, creams, moisturizers, chews, vapes, isolate, gel caps and concentrate, announced today that its wholly owned subsidiary Pure Health Products (PHP) finalized its asset purchase agreement (APA) with Seven Chakras, LLC. Under the terms of this APA, which was entered into January 31, 2019, Canbiola acquired the rights and title to Seven Chakras’ proprietary formulas, methods, trade secrets related to the manufacturing of Seven Chakras products containing cannabidiol (CBD). This also includes tradename, domain name, and social media sites and other assets of Seven Chakras including but not limited to raw materials, packaging, equipment, marketing materials, and mailing lists.Seven Chakras will use their proprietary technology to infuse CBD into various consumer products, tinctures (full spectrum), salves, gels, bath (hemp massage oil) and hemp capsules products. “We believe this agreement will further strengthen and enhance Canbiola’s brand, distribution and footprint by integrating this CBD product portfolio with our current products and work towards our mission to be the premier provider of the highest quality Hemp natural products on the market,” said Marco Alfonsi, Chief Executive Officer of Canbiola.In connection with the transaction, the Company has filed a Current Report on Form 8-K on February 26, 2019 with the SEC, which includes a copy of the Asset Purchase Agreement.About Canbiola, Inc.Canbiola, Inc. (OTCQB: CANB) is a developer, manufacturer, and seller of a variety of Cannabidiol (Hemp) based products such as oils, creams, moisturizers, chews, vapes, isolate, gel caps and concentrate. Canbiola has developed its own line of proprietary products as well as seeking synergistic value through acquisitions in the CBD and the medical cannabis industry. Cannabis is currently federally illegal and has legalized for medical purposes in some form in a limited number of states, but pure CBD products are legal in all 50 states. For more information about Canbiola, Inc., please visit: https://canbiola.comForward-Looking StatementsForward-looking statements and risks and uncertainties discussed in this letter contain forward-looking statements. The words "anticipate," "believe," "estimate," "may," "intend," "expect," and similar expressions identify such forward-looking statements. Expected, actual results, performance, or achievements could differ materially from those contemplated, expressed, or implied by the forward-looking statements contained herein. Forward-looking statements are subject to a number of risks and uncertainties, including but not limited to, risks and uncertainties associated with, among other things, the impact of economic, competitive, and other factors affecting our operations, markets, products, and performance. The matters discussed herein should not be construed in any way, shape or manner of our future financial condition or stock price.Follow Canbiola on:Twitter @CanbiolaHealthInstagram @canbiola.inc or @canbiola_cbd or @canbiola_medical_cbdFollow us on Twitter and FacebookInvestors and Media: IR@canbiola.com (516) 595-9544 Hayden IR hart@haydenir.com (917) 658-7878
Seattle, WA - (NewMediaWire) - February 27, 2019 - CFN Media Group (“CFN Media”), the leading agency and financial media network dedicated to the North American cannabis industry, announces publication of an article discussing how several states have legalized recreational cannabis over the past few years, but almost all of these states have been progressive coastal states. Last November, Michigan became the first midwestern state to legalize recreational cannabis.Let’s take a look at Michigan’s evolving regulatory framework and why Grown Rogue Inc. (CSE: GRIN) (OTC: NVSIF) has focused on building a strong presence in the state.The Marijuana Business Factbook 2018 projects that Michigan could become one of the country’s largest recreational markets, generating $1.4 billion to $1.7 billion in annual sales over the coming years, citing the state’s large existing medical cannabis population. The state’s residents are already widespread marijuana usage at around 15.6 percent of the population, compared to 14.9 percent for California.Michigan’s Complex Tiered SystemMichigan’s cannabis regulations are set to become among the most complicated in the country. After briefly closing more than 60 unlicensed medical dispensaries earlier this year, legal and supply challenges forced the state to reopen them until March 31. Many of these existing businesses have experienced issues securing new permanent licenses from the state under the new regulations—a testament to how complex the process has become.Cannabis businesses must obtain three separate licenses in order to operate in the state:State License: The state will not restrict the number of recreational licenses, but the process is still up-in-the-air. The state has issued licenses for medical cannabis businesses, but regulations on the recreational market are not finalized.Municipal License: Municipalities may prohibit or limit the number of cannabis businesses in their jurisdiction. The licensing process is completely independent of the state licensing process and many municipalities have caps in place.Real Estate: Real estate used for cannabis cultivation or retail must be approved by both the state and municipal authorities, introducing another hurdle to the cannabis business licensing process in Michigan.Legal challenges have led to an effective moratorium on the state level, as well as in several municipalities. For example, the Detroit City Council recently approved a 180-day moratorium citing ongoing legal challenges and concerns about voter-approved initiatives. The council members indicated that they would use the time to develop new ordinances to regulate the licensing and zoning of marijuana facilities and caregiver centers.Grown Rogue’s AdvantageGrown Rogue recently announced a binding agreement to expand into Michigan through a strategic partnership with Blue Zebra Community LLC. Under the terms of the deal, the partnership will include two retail dispensaries, a 19,000 sq. ft. indoor cultivation processing center in Detroit, and an interest in a 28-acre parcel located in the northern portion of the lower peninsula that could be used for cultivation.“With the second highest total number of medical cannabis card holders in the United States Michigan’s legalization of cannabis for adult-use presents a very large cannabis market opportunity,” said Obie Strickler, CEO of Grown Rogue, in a recent press release announcing the deal. “Significant barriers to entry at the local level add meaningful value to the limited number of municipal licenses approved.”The company’s partnership approach helps sidestep many of these licensing issues by acquiring assets that already have municipal licenses. In addition, these assets are strategically located in areas conducive for rapid growth.Dispensaries: Grown Rogue’s Detroit dispensary is located in midtown near popular sports stadiums, art centers, and affluent housing. The Hazel Park location is within a quarter mile of the busiest freeway system in the state, as well as population centers.Cultivation: Grown Rogue’s Detroit ...
