Legal Pot Considered A ‘Positive Amenity’ For U.S. Residents

Legal Pot Considered A ‘Positive Amenity’ For U.S. Residents

Recent news reported on Thursday by Marijuana Moment won’t put any money into the pockets of cannabis companies or investors – directly. However, it undermines one of the major (phony) arguments of anti-cannabis zealots. And so it’s potent ammunition for legalization proponents across the U.S.

 The argument from Prohibition advocates is this. Legalized cannabis (and cannabis use) is a societal “negative” for U.S. states and communities.

The propaganda comes in many forms.

Supposedly, legalizing cannabis will increase the crime rate. Supposedly, legalizing cannabis will increase under-age use of cannabis. Supposedly, legalizing cannabis will increase traffic accidents/fatalities. Supposedly, legalizing cannabis will reduce property values.

None of it is true.

It’s already been widely reported that legalizing cannabis doesn’t increase the crime rate. In fact, there are a number of reasons why cannabis legalization may actually reduce overall crime.

Legalizing cannabis does not cause usage of cannabis by teenagers to increase. It causes teenage usage to decrease.

Legalizing cannabis does not lead to any increase in traffic accident fatalities.

Now evidence is emerging that when Americans are looking to establish their home that legalized cannabis is viewed as a positive amenity. Evidence comes in the form of a recent study published in the journal, Economic Inquiry.

The study found that potential migrants to the state of Colorado viewed cannabis legalization as “a positive amenity” that increased their likelihood of moving to the state.

This mirrors earlier numbers with respect to tourism to Colorado, previously covered by The Seed Investor. One-quarter (25%) of visitors to Colorado between 2013 and 2018 listed “cannabis” as one of their reasons for visiting the state.

Strong (positive) migration rates into a state translate into a rising population, which in turn translates into rising property values.

Support for marijuana legalization by Americans and the use of cannabis and cannabis products by Americans both continue to hit new highs. Cannabis is becoming a new consumer tradition in the United States. Political dinosaurs who stand in the way of (full) legalization risk their own extinction.

This is yet one more reason for current and potential investors in marijuana stocks to not flinch in the face of declining valuations in recent months. Markets are notorious for being fickle and irrational.

Rising interest in cannabis = rising cannabis consumption = rising cannabis revenues = rising cannabis share prices.

There is nothing complicated here. Nearly a century of cannabis Prohibition has artificially created a stellar
investment opportunity. It’s the chance to build what will be a trillion-dollar-per-year global industry (over the long term) from the ground up.

It’s not just cannabis investors who are strongly in favor of cannabis legalization. The American people, in general, continue to become more enthusiastic about (legal) cannabis. And as Americans become more accustomed to legal pot, the number of cannabis investors will also continue to rise.
 

Published at Mon, 16 Sep 2019 10:00:06 +0000

California’s Total Number of Cannabis Licenses Shrinks

California’s Total Number of Cannabis Licenses Shrinks

The cannabis industry has received media criticism (especially in Canada) with respect to the speed at which it has been able to grow and develop. However, in both the U.S. and Canada, the principal obstacle in the evolution of the legal cannabis industry continues to be government.

As the U.S.’s single largest cannabis market, California has been especially prominent in its failure to successfully navigate the translation to legal cannabis. The latest example of its regulatory stumbles? The total number of cannabis licenses in the state has contracted in 2019.

As reported in MJBizDaily, cannabis licenses have contracted across the board in 2019. The largest drop has taken place among cultivation licenses (48%). However, there have also been significant declines in manufacturing (29%) and distribution licenses (17%).

The silver lining in this licensing issue is that the number of licenses for retail storefronts has declined the least in 2019 – only 7%. This reflects the fact that storefront licensing is arguably the least complex segment of cannabis licensing.

Apart from more stringent restrictions on how these cannabis retail stores can conduct business, licensing of retail storefronts is generally straightforward. Not so for cultivators, manufacturers, and distributors.

Licensing of a cannabis cultivation operation more closely resembles the process for licensing a uranium mine versus licensing a conventional farm. This reflects ongoing biases and prejudice among elected officials that extends from national governments all the way down through state and local government.

Along with nearly a century of cannabis Prohibition has come mountains of anti-cannabis misinformation. Because of this, politicians continue to exhibit both strong suspicions and deep ignorance concerning cannabis and all facets of cannabis commerce.

The cannabis industry is grossly over-regulated and over-taxed. In combination, these factors continue to put the legal industry at a strong disadvantage versus the cannabis black market.

Here it needs to be stressed that the cannabis black market is not “an industry problem”. It is a government problem.

The misguided cannabis Prohibition that has existed in North America and around the world created the cannabis black market. This is identical to how U.S. alcohol Prohibition created an enormous illegal alcohol “industry”: handed to Organized Crime.

The difference is that alcohol is a toxic and addictive drug, produced through fermentation. Cannabis is a non-toxic, non-addictive natural substance. The human body naturally produces its own cannabinoids.

While the cannabis black market is a government problem, government continues to be the major obstacle to eliminating this black market rather than being a facilitator in this process. U.S. states (and Canadian provinces) have been reluctant participants in the process of unwinding this enormous black market.

Instead of devoting abundant resources to the licensing process – and reasonable requirements – licensing requirements have (in most cases) been onerous. And inadequate resources have been directed toward expediting the licensing process.

California is a perfect illustration of this.

Its cannabis black market continues to thrive. Rather than increasing its efforts at promoting the legal market through more reasonable cannabis regulations and taxes, California is instead squandering enormous tax dollars attacking its black market with a post-Prohibition ‘War on Drugs’.

Such law enforcement has always been as efficient and successful as whack-a-mole. For every illegal cannabis operation that law enforcement authorities shut down, one more (or two more) mushroom into existence to take its place. Futile.

How can the legal cannabis industry in California grow (to replace the black market) while the number of licenses is shrinking? With great difficulty.

As MJBizDaily pointed out, part of this licensing problem was foreseeable. The state created a one-year temporary licensing framework, precisely to try to eliminate the sort of regulatory bottleneck we are now seeing in California.

The temporary licensing framework was relatively relaxed. Temporary licenses could be obtained with reasonable speed and efficiency.

The permanent (or provisional) licenses that are now required set much higher bars for qualification. Some cannabis businesses with temporary licenses were never going to be able to qualify for such licenses. Others are still trying to navigate this bureaucracy.

For cannabis consumers, heavy-handed law enforcement toward gray market and black market cannabis operations along with reduced cannabis licenses spells reduced access to cannabis.

Government may not see this a problem for the recreational cannabis market. It is definitely a problem for the medicinal cannabis market – and the people dependent upon this medicine.

The issue of reduced access to medicinal cannabis in Canada has just been highlighted through a lawsuit aimed at federal restrictions on THC content in cannabis edibles. Other lawsuits seem likely, in Canada and the U.S.

High cannabis taxes impose hardship on medicinal consumers. This comes at a time where (especially in the U.S.) more and more people are financially imploding from healthcare expenses.
Many medicinal users of cannabis who would prefer to shop for their medicine from a licensed/regulated source continue to buy from the black market. They are (economically) forced to do so because high taxes and strict regulations are adding too much to the final purchase price of legal cannabis products.

The state of Colorado (and the province of Alberta) has shown that it is possible to make the transition to a legal cannabis industry in a sensible and efficient manner. However, ongoing anti-cannabis phobias among politicians mean that the words “sensible” and “efficient” rarely apply when it comes to cannabis legalization.

Instead of copying the success of Colorado/Alberta, most states and provinces continue to repeat what has already failed: trying to replace the cannabis black market with an over-taxed and over-regulated legal industry.
 

The definition of insanity is doing the same thing over and over again and expecting different results.

– Attributed to Albert Einstein

The cannabis insanity continues in California.
 

Published at Mon, 16 Sep 2019 17:37:47 +0000

Industry Stakeholders Address Vaping-Related Lung Disease Outbreak, FTC Warns CBD Companies Against Unsubstantiated Health Claims: Week in Review

Industry Stakeholders Address Vaping-Related Lung Disease Outbreak, FTC Warns CBD Companies Against Unsubstantiated Health Claims: Week in Review

MARSHALL, Mich. – PRESS RELEASE – Michigan Pure Med, Michigan’s largest vertically-integrated pharmaceutical-grade medical cannabis company and parent company of Common Citizen, has urged elected leaders to ban the use of non-natural additives and cutting agents in vape cartridges.

“We urge state leaders to ban the use of non-natural additives and cutting agents in vape cartridges immediately,” said Michael Elias, CEO of Michigan Pure Med. “Manufacturers are cutting corners by using non-natural ingredients as additives in vape cartridges. We urge swift action by elected leaders to ban this potentially hazardous practice.”

Michigan Pure Med also announced that it will remove any and all vape cartridges that don’t disclose ingredients and only sell vape products that are 100-percent free from non-natural additives. Michigan Pure Med has informed all vape manufacturers supplying products to Common Citizen they will be required to detail safety and testing practices, protocols and ingredients so customers can make informed choices.

“Safety is our top priority at Michigan Pure Med, and we are committed to only selling products in our Common Citizen stores that are made from marijuana and all-natural plant material and free from non-natural additives,” Elias said. “As part of our commitment to patient safety, we will be removing any product from our shelves that does not clearly disclose its ingredients or meet the highest safety and quality standards.”

In addition to removing vape cartridges that don’t use natural ingredients or clearly state its ingredients, Common Citizen will only carry products made with natural terpenes found in marijuana and other natural products like lavender (i.e. linalool) and citrus (i.e. limonene). Common Citizen employees will also distribute educational information at its store locations with facts about vaping and how customers can protect themselves from dangerous products that may pose a risk to human health.

As of Sept. 10, there have been as many as 450 cases and six deaths related to vaping, according to the Centers for Disease Control and Prevention (CDC). It is likely many of these cases are linked to illicit vape cartridges that contain synthetic ingredients, including synthetic vitamin E acetate, according to the U.S. Food and Drug Administration. Experts say vitamin E acetate should not be inhaled.

“Safety is our number one priority and it’s high-time for elected leaders to crack down on black market operators who are selling untested, dangerous products and passing it off as medicine,” Elias said. “We need stronger enforcement for bad actors who are causing people to get sick from tainted vape cartridges and we call upon state leaders and licensed manufacturers to adopt Good Manufacturing Practices to make Michigan a leader in consumer safety.”   

Michigan Pure Med is committed to following Good Manufacturing Practices and applying them to every step of its manufacturing process to ensure products are safe for human consumption. Good Manufacturing Practices ensure products are consistently produced and controlled according to quality standards set by the U.S. Food and Drug Administration.

Elias praised Gov. Gretchen Whitmer, the Marijuana Regulatory Agency, and Sen. Curt VanderWall (R-Ludington) for their work and leadership in taking the first steps to making GMP a reality in Michigan.

“The recent vaping related illnesses and deaths are unfortunate and show the urgent need to enact Good Manufacturing Practices,” Elias said. “Good Manufacturing Practices require all raw materials going into marijuana products to be assessed for contaminants before they are turned into a final product. We urge elected leaders to apply Good Manufacturing Practices to every step of the marijuana manufacturing process to ensure products are safe for human consumption and we stand ready to support much-needed research to determine the causes of the recent vaping related illnesses.”

Published at Sat, 14 Sep 2019 14:00:00 +0000

Industry Leading Cannabis Equipment Leasing Company, Xtraction Services (CSE:XS), To Debut On The CSE Today

Industry Leading Cannabis Equipment Leasing Company, Xtraction Services (CSE:XS), To Debut On The CSE Today

Demand for cannabis oils, especially high cannabidiol (CBD) oil, has increased significantly and this is a trend we expect to continue as researchers learn more about the therapeutic benefit cannabinoids provide. During the last year, we have noticed a significant increase in the number of companies that are focused on the cannabis oil opportunity. Although many of these businesses have grandiose plans as it relates to the cannabis oil market, an overwhelming majority of these companies do not have the capital that is needed to construct a state-of-the-art extraction facility. Xtraction Services represents a differentiated opportunity when it comes to cannabis concentrates and we are favorable on the approach the team has taken to this burgeoning vertical of the cannabis industry.

Click Here To Receive An Investor Presentation and Stay Up To Date On Xtraction Services (CSE:XS)

Xtraction Services has built a business model that is centered around helping extraction companies and by providing equipment leasing solutions for up to 100% of the new or used equipment that is required by each respective client. The company’s mission is to support their clients throughout the entire installation and extraction process.

Today, Xtraction Services (CSE:XS) completed a go-public transaction on the Canadian Stock Exchange (CSE) and commenced trading on September 13 under the symbol, XS. The company represents a differentiated growth opportunity that is levered to one of the most exciting verticals of the cannabis industry.

When you look at the Xtraction Services website (https://www.xtractnow.com), you will notice that the company has received raving reviews from several leading US cannabis concentrate companies. In a world where quality customer service is difficult to find, we are favorable on this approach due to the relationship that the company fosters with each client.

A High-Margin Growth Story to be Watching

Xtraction Services has a high-margin business model where customers receive processing equipment following a down payment and where the company is compensated through lease and royalty/service payments. The management team has a proven track record of success and relationships with key equipment manufacturers, which provides Xtraction Services with an important competitive advantage.

During the last year, Xtraction Services has seen a significant increase in the number of customers as well as the size of the transactions being closed. The company currently has a backlog of projects and we are bullish on the growth prospects associated with this pipeline of new business. Xtraction Services has an established client base and is already generating significant revenues.

So far, the company has established the following relationships:

  • Oregon – Completed the sale of CBD manufacturer post-processing equipment
  • California – Completed the sale of THC manufacturer post-processing equipment
  • Kentucky – Signed a 30 month lease (royalty) hemp manufacturer (2) production lines
  • Kentucky – Signed a 24 month lease (royalty) hemp manufacturer full production line
  • South Carolina – signed a 12 month and a 14 month hemp manufacturer extraction equipment lease

When it comes to the current pipeline, Xtraction Services has more opportunities than it can service. These represent a robust emerging opportunity and we are bullish on the growth prospects associated with the pipeline. Additionally, due to the nature of the business XS is able to operate across the U.S. giving them a massive total addressable market serving both THC and CBD customers as well as start-ups to more mature businesses. Over the next year, we anticipate that the company will close several new deals and expect for this to be a catalyst for continued growth.

In the Early Innings of a Major Growth Cycle

Over the next year, we expect to see Xtraction Services report strong growth as it continues to deliver state-of-the-art processing equipment to its roster of clients. The company offers a wide variety of products to satisfy consumer demand and we are favorable on this aspect of the story. During the last year, we have seen a significant increase in these types of cannabis concentrate products and this is a trend that will benefit companies like Xtraction Services. By offering a robust product pipeline, the company will appeal to a wide variety of clients who are trying to produce these premium cannabis concentrates at scale.

Xtraction Services offers leasing options that provide short payback periods and high initial rates of return (IRR). Through leasing or sale-leasebacks, the company is able to generate an IRR that is greater than 50% and we find this to be significant. The length of these contracts varies between 1 and 3 years and we are favorable on this structure.

The current pipeline includes a combination of lease and lease/royalty hybrid structures and we are favorable on the flexibility that is provided by the company. Lease financing provides a fixed payment to the company while a royalty payment allows the company to benefit from the additional upside of what is produced by clients.

Through a sale-leaseback transaction, customers who already own their equipment can benefit by working with Xtraction Services. With this transaction, the customer continues to use the equipment and pays a fixed monthly lease payment to Xtraction Services. At maturity, the company has the option to re-sell the equipment to the customer and we are favorable on this.

When it comes to determining what purchasing solution to offer each potential client, the relationship that the company has with the prospect plays an important role in the process. We believe that the management team has done a great job when it comes to identifying strategic partners and has secured royalty deals with the right types of clients.

An Emerging Opportunity to be Watching

When looking at Xtraction Services, we see a differentiated opportunity that has significant growth prospects. We are favorable on the vertical that the business is focused on and will monitor how the management team continues to drive the story forward. With the markets that Xtraction Services is levered to and focused on, we find the risk-reward scenario to be attractive and this is an opportunity to be watching.

Going forward, we expect to see Xtraction Services gain significant awareness following the completion of a go-public transaction. The company can use its stock as a currency when it comes to the expansion opportunity and we find this to be significant. We believe that Xtraction Services is an attractive growth story that is in the early innings of a major growth cycle.

Although the last few months have been rough on the cannabis sector, we believe that the sector has been trending higher and coming off its recent lows. Xtraction Services could be well positioned to benefit from a timing standpoint, and we are going to closely follow this new listing.

To learn more about Xtraction Services, please reach out to Support@technical420.com to be added to our distribution list.

Pursuant to an agreement between StoneBridge Partners LLC and Xtraction Services (XS) we have been hired for a period of 180 days beginning September 11, 2019 and ending March 11, 2020 to publicly disseminate information about (XS) including on the Website and other media including Facebook and Twitter. We are being paid $0 per month (XS) for or were paid “92,045” shares of restricted common shares. We own zero shares of (XS), which we purchased in the open market. We plan to sell the “ZERO” shares of (XS) that we hold during the time the Website and/or Facebook and Twitter Information recommends that investors or visitors to the website purchase without further notice to you. We may buy or sell additional shares of (XS) in the open market at any time, including before, during or after the Website and Information, provide public dissemination of favorable Information.

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Anthony Varrell

Anthony Varrell is Managing Director of StoneBridge Partners LLC. SBP continues to drive market awareness for leading firms in the cannabis industry throughout the U.S. and abroad.

Published at Fri, 13 Sep 2019 11:36:26 +0000

Innovative Industrial Properties Declares Third Quarter 2019 Dividends

Innovative Industrial Properties Declares Third Quarter 2019 Dividends

Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today that its board of directors has declared a third quarter 2019 dividend of $0.78 per share of common stock, representing a 30% increase over IIP’s second quarter 2019 dividend of $0.60 per share of common stock, and an approximately 123% increase over IIP’s third quarter 2018 dividend of $0.35 per share of common stock. The dividend is equivalent to an annualized dividend of $3.12 per common share, and is the fifth dividend increase since the Company completed its initial public offering in December 2016.

Additionally, IIP announced today that its board of directors has declared a regular quarterly dividend of $0.5625 per share of IIP’s 9.00% Series A Cumulative Redeemable Preferred Stock.

The dividends are payable on October 15, 2019 to stockholders of record at the close of business on September 30, 2019.

About Innovative Industrial Properties

Innovative Industrial Properties, Inc. is a self-advised Maryland corporation focused on the acquisition, ownership and management of specialized industrial properties leased to experienced, state-licensed operators for their regulated medical-use cannabis facilities. Innovative Industrial Properties, Inc. has elected to be taxed as a real estate investment trust, commencing with the year ended December 31, 2017. Additional information is available at www.innovativeindustrialproperties.com.

This press release contains statements that IIP believes to be “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than historical facts are forward-looking statements. When used in this press release, words such as we “expect,” “intend,” “plan,” “estimate,” “anticipate,” “believe” or “should” or the negative thereof or similar terminology are generally intended to identify forward-looking statements. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in, or implied by, such statements. Investors should not place undue reliance upon forward-looking statements. IIP disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Copyright Business Wire 2019

Source: Business Wire (September 13, 2019 – 6:30 AM EDT)

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www.quotemedia.com

Published at Fri, 13 Sep 2019 11:52:03 +0000

Zenabis Global Inc. (OTCMKTS:ZBISF) Provides Updates On Construction Of Facilities

Zenabis Global Inc. (OTCMKTS:ZBISF) Provides Updates On Construction Of Facilities

Zenabis
Global Inc. (OTCMKTS:ZBISF)

has provided an operations update on its recent facility construction as well
as licensing activities.

The company is finalizing the construction and licensing of the Zenabis Atholville facility and has set sights at Zenabis Langley. The construction at Zenabis Langley is on track with previous guidance. This will increase annual cultivation capacity to 143,200 Kgs of dried cannabis upon completion of licensing.

Review
of design capacity for Zenabis Atholville

Zenabis CEO Andrew Grieve stated that the company attained strong cultivations results in July thanks to cultivation success through June. Grieve said that the company reviewed its design capacity upwards by 35% for Zenabis Atholville. He added that the cultivation team has been refining growing practices to optimize yields from the currently licensed space.

The CEO indicated that through October, the
company expects a range of cultivation approaches and the scale-up of the
facility to result in the substantial room by room variance. After which the
company will attain steady-state yield for every cultivar at the Zenabis
Atholville facility.

The company will update and publish the
latest design updates for the facilities once it has completed harvest from all
the flower rooms. The design capacity for Zenabis Atholville was increased to
46,300 kg per year from 34,300 kg per year.

The
$25 million senior secured bet

Last month the company announced the completion of a new senior secured debt of $25 million. This will enable the company to finalize the expansion of its facilities to attain an annual design capacity of 143,200 kg dried flower. Equally, Zenabis believes that the financing is enough for the company to become cash-flow positive without seeking incremental debt financing, issue incremental equity capital, or raise convertible debt.  

Concerning the senior secured debt, the
company also issued warrants to R.C. Morris Capital Management Ltd for the
acquisition of 902, 514 common stock. Also, it reviewed the terms of the
subordinated secured convertible notes with holders of the Secured Convertible
notes receiving warrants for the acquisition of 1.37 million common shares.

Published at Fri, 13 Sep 2019 12:01:20 +0000

Grow Solution Holdings Inc. (OTCMKTS:GRSO) In Negotiations To Provide An 80 Unit $20 Million Facility

Grow Solution Holdings Inc. (OTCMKTS:GRSO) In Negotiations To Provide An 80 Unit $20 Million Facility

Grow Solution Holdings Inc. (OTCMKTS:GRSO) has announced that it has commenced final discussions to sign a Letter of Intent to provide a customer near Smithers B.C with an 80 unit $20 million facility. The company will provide more details on the progress of the deal soon.

Agreement
to provide facility part of the company’s expansion plans

The company has been expanding its operations in recent times as part of the company’s strategy to enhance its foothold in the market. Grow Solutions Chief Executive Officer Chad Fischl stated that the move is part of the company’s aggressive global expansion plans. He said that as a company, they were delighted to start a series of Strategic Partnerships and Joint Ventures in the next few weeks and coming months.

Regarding the facility near Smithers B.C,
the CEO stated that currently they are still in negotiations and the processes
are promising. The company will provide a detailed announcement regarding the
deal in the next few days.

Equally, the company has indicated that it
has completed it’s 2017 financial and expects to complete 2018 through 2019
financial in the next four weeks. This will be vital in ensuring the company is
current and remove the stop sign from its symbol.

Product
lease agreement with Sundance Prairie Products

In July the company announced that its
subsidiary AeroGrow Manufacturing Corp had entered a “product lease and loyalty
agreement” with Sundance Prairie Products Ltd. The company expects the project
to begin with the manufactures and building of 32 AeroPod Units. Grow Solutions
anticipates completion of the project towards the end of the second quarter of
2020.

Commenting on the project, the CEO indicated that the agreement underscored the commitment of the company has in offering investors value. He added that this was a significant step in the implementation of the company’s strategic expansion plans across the globe. The CEO indicated that the joint venture project would generate revenue close to $215 million in the next five years.

Besides AeroGrow Manufacturing, the company
also runs another Wholly-owned subsidiary Pure Roots Holdings Ltd.

Published at Wed, 11 Sep 2019 11:42:07 +0000

Next Green Wave Rolls Out Premium Exotic Flower Line In Collaboration With Iconic “NoJumper”

Next Green Wave Rolls Out Premium Exotic Flower Line In Collaboration With Iconic “NoJumper”

Next Green Wave Holdings Inc. (CSE: NGW) (OTCQX: NXGWF) (“Next Green Wave”, “NGW” or the “Company”) is pleased to announce that it has partnered with the iconic “NoJumper” brand and host “Adam 22” to roll out its latest premium exotic flower strains. The products will be featured on a monthly basis through NoJumper’s Podcast with 45 million viewers per stream and Next Green Wave’s brand house SDC. The flower will be available at leading Los Angeles and San Diego dispensaries, including March and Ash within two weeks.

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With over 45 million views per stream, NoJumper has become an influential hub to launch upcoming musicians, artists and acts on its weekly celebrity-spot podcast show. NoJumper clothing and merchandise are currently sold at their Melrose store in Hollywood and Zumiez clothing stores nationwide.

This strategic partnership will enable Next Green Wave to gain access to major cultural events such as music festivals and leverage its many influencer and celebrity social channels that directly reach the Company’s target consumer demographic.

“We are really thrilled about the collaboration with NoJumper as it demonstrates we are ready to permeate major consumer markets and are delivering premium craft product that is being sought out for its quality and value, which is currently lacking in the legal market in California.” -Michael Jennings, CEO.

“Recently we did a test pop-up shop and meet and greet with Adam 22 in Chicago and to our surprise over 1000 people attended, some even slept in line overnight to be first inside. That is when we knew this brand has real reach and a powerful voice of influence.” – Ryan Lange CMO

In addition, the Company would like to announce that it has completed a Non-Brokered financing of 2,000,000 units (the “Units”) at a price of $0.25 per Unit for gross proceeds of $500,000 (the “Financing”). Each unit will be comprised of one common share of Next Green Wave (a “Share”) and one-half of one common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant will entitle the holder there of to acquire one Share at a price of $0.35 for a period of 24 month, subject to an acceleration provision whereby in the event that at any time after the expiry of the statutory hold period, the Shares trade at $0.50 or higher on the Canadian Securities Exchange for a period of 10 consecutive days, the Company shall have the right to accelerate the expiry date of the Warrants to the date that is 30 days after the Company issues a news release announcing that it has elected to exercise the acceleration right.

There were no finders’ fees incurred in connection with the Financing.

The Company intends to use the proceeds from the Financing to accelerate inventory purchase requirements and marketing initiatives for our SDC products, brands, and operations.

NoJumper

Adam John Grandmaison, better known as Adam22, is an American podcast host, internet personality, and record executive. He is best known for being the creator and host of pop culture and hip hop-oriented podcast NoJumper. NoJumper has grown into a Mega Brand that started in a small BMX stop on Melrose Avenue next to the famed BAIT store. It is there that they started interviewing professional athletes and music celebrities for their podcast that quickly grew to over a million followers on Instagram. The team is well known for breaking new Hip Hop acts and introducing major artists on their channel.

About Next Green Wave

NGW is a fully integrated premium cannabis producer with 8 legacy brands and over 45 products through its subsidiary WEARESDC. Based in Coalinga, California the company owns and operates a state-of-the-art cultivation facility and is currently expanding operations on the cannabis zoned property it is situated on. NGW has a seed library of over 120 strains which include multiple award-winning genetics and cultivars and is developing its nursery cloning operations with bio-tech leader Intrexon. The company also has an investment in OMG, a Colombian cannabis operator with over 8,000 access points of sale. To find out more visit us at www.nextgreenwave.com or follow us on TwitterInstagram, or LinkedIn.

On behalf of the board,

Michael Jennings, CEO

Next Green Wave Holdings Inc.

For more information regarding Next Green Wave, contact:

Caroline Klukowski

VP Corp. Development

Tel: +1 (778) 589-2848

IR@nextgreenwave.com

Next Green Wave Forward Looking Statements

This press release contains forward-looking statements within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, are “forward-looking statements.” Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, events or developments to be materially different from any future results, events or developments expressed or implied by such forward looking statements. Such risks and uncertainties include, among others, the risk factors included in the preliminary prospectus, including without limitation dependence on obtaining and maintaining regulatory approvals, including acquiring and renewing state, local or other licenses and any inability to obtain all necessary governmental approvals licenses and permits to complete construction of its proposed facilities in a timely manner; engaging in activities which currently are illegal under US federal law and the uncertainty of existing protection from U.S. federal or other prosecution; regulatory or political change such as changes in applicable laws and regulations, including U.S. state-law legalization, particularly in California, due to inconsistent public opinion, perception of the medical-use and adult-use marijuana industry, bureaucratic delays or inefficiencies or any other reasons; any other factors or developments which may hinder market growth; NGW’s limited operating history and lack of historical profits; reliance on management; NGW’s requirements for additional financing, and the effect of capital market conditions and other factors on capital availability, including closing of Tranche 1 and Tranche 2 of the Notes; competition, including from more established or better financed competitors; and the need to secure and maintain corporate alliances and partnerships, including with customers and suppliers. Readers are encouraged to the review the section titled “Risk Factors” in NGW’s prospectus. These factors should be considered carefully, and readers are cautioned not to place undue reliance on such forward-looking statements. Although NGW has attempted to identify important risk factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other risk factors that cause actions, events or results to differ from those anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in forward-looking statements. NGW no obligation to update any forward-looking statement, even if new information becomes available as a result of future events, new information or for any other reason except as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/47754

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Authored By

Anthony Varrell

Anthony Varrell is Managing Director of StoneBridge Partners LLC. SBP continues to drive market awareness for leading firms in the cannabis industry throughout the U.S. and abroad.

Published at Thu, 12 Sep 2019 13:17:35 +0000

Elev8 Brands Inc. (OTCMKTS:VATE) Places A Reorder Of 100K Iced Tea Bottles

Elev8 Brands Inc. (OTCMKTS:VATE) Places A Reorder Of 100K Iced Tea Bottles

Elev8 Brands Inc. (OTCMKTS:VATE) has announced a reorder of 100,000 units of its ready to drink CBD-Infused tea along with a spectacular new look as it gains national traction.

New
design around Elev8 Hemp logo

The new order will showcase the creative
new design around the upgraded Elev8 Hemp logo. The new design will feature
across all the company products, thus creating continuity which is an essential
element for emerging brands. Eleve8 has gained a grip on the market in just a
few months of selling through the initial run of the ready to drink products.

Elev8 believes that having an easily
recognizable logo is an important part in the establishment of a national brand.
The spectacular new design makes the company distinct and easily legible to new
customers as well as those familiar with the brand.

In the meantime, Elev8 has placed a small reorder of ready to drink CBD-infused coffee and tea with the current labels. In line with the small run, the company placed an order of 100k ready-to-drink iced tea bottles. The bottles are already in hand and are waiting for the newly designed labels before shipping. Elev8 is encouraging consumers and investors to watch out for the official new flavors expected in the coming weeks.

Collaboration
with Bright Rain Collaborative

Elev8 is partnering with Bright Rain
Collaborative (BRC) for all its marketing and branding. The company will
benefit from the leadership experience of BRC in marketing and advertising. BRC
has marketed and advertised for some of the well-known brands such as Olive
Garden, Cheribundi Tart Cherry Juices, Barnies, BlockStrong, Coffee & Tea
Company as well as Lennar. Equally, over the years, they have brought several
emerging brands and startup to the national scene.

Bob Sitter, the CEO of BRC, said that Elev8 Hemp and its product line are ready to take a leadership role in the CBD space. He added that they have over 30 years of experience in developing emerging brands.

The redesign comes at a time when Elev8
Hemp’s presence in the CBD market continues to grow.

Published at Thu, 12 Sep 2019 12:13:23 +0000