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REPEAT – AgraFlora Organics Prepares over 1,000KG of CBD Oil for Sale

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VANCOUVER, British Columbia, July 14, 2020 (GLOBE NEWSWIRE) — AgraFlora Organics International Inc.  (“AgraFlora” or the “Company”) (CSE: AGRA) (Frankfurt: PU31) (OTCPK: AGFAF) is pleased to announce its wholly owned subsidiary Sustainable Growth Strategic Capital Corp. (“SGSC” or “the Company”), a federally licensed cannabis company based in the Greater Toronto Area (“GTA”), in partnership with its biomass partner MicroC45, has generated an inventory of approximately 1,000 kg of CBD Crude Oil and Distillate (collectively “CBD Oil”), which it is readying for sale this quarter.  The CBD oil was produced from approximately 10,000 kilograms of hemp biomass that was subject to the Company’s proprietary pre-extraction processes.  The Company has retained an inventory of approximately 10,000 kilograms of additional hemp biomass ready for extraction and processing.
The Company is currently working to further refine the CBD Oil into CBD Isolate, with manufacturing expected to start this month.  If the CBD Oil is converted fully into CBD Isolate, the Company forecasts it would have an inventory of over 850 kilograms of isolate.  The Company is currently engaged in negotiations with potential buyers to determine the optimal sales mix of CBD Isolate, CBD Distillate and CBD Crude Oil and expects to close its first bulk transactions this quarter.A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/bb221b31-07bc-4660-a413-bcaa9a1b2c4d“It is our view that the CBD product market is still in the early days in Canada.  We are well positioned to solve the short term supply issues of CBD ingredients such as CBD Isolate and CBD Distillate, which will help unlock growth in Canada’s CBD product market,” stated Brandon Boddy, AgraFlora Executive Chairman and CEO.  “We’re also thrilled to see the efficiency that our partners have been able to harvest, process, extract and purify our hemp biomass.  This points to our ability to maintain competitive pricing over time.”About AgraFlora Organics International Inc.
AgraFlora Organics International Inc. is a leading cannabis company building shareholder value through the development of revenue generating operating assets in the global cannabis industry.  AgraFlora is focused primarily on the Canadian cannabis industry; the world’s most advanced and regulated legal cannabis market.  Flagship Canadian assets include: Edibles & Infusions, a fully automated manufacturing facility in Winnipeg, MB for white-label and consumer branded edible production; Propagation Services Canada, a large-scale commercial greenhouse in Delta, BC focused on reshaping the Canadian flower market with high-potency, low cost cannabis flower, and AAA Heidelberg, a craft focused cannabis producer in London, ON. In addition, AgraFlora’s wholly owned subsidiary Farmako GmbH is scaling towards its goal of being Europe’s leading distributor of medical cannabis.  Farmako currently has active distribution operations in Germany and expects to commence active operations in the United Kingdom in 2020. For more information please visit: https://agraflora.com/.
ON BEHALF OF THE BOARD OF DIRECTORS
Brandon Boddy
Chairman & CEO
T: (604) 398-3147

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Greene Concepts’ Subsidiary, Water Club, Signs Joint Venture Deal with New World Health and Wellness to Market New Hemp Line Products to 300 Million Amazon Customers

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Marion, North Carolina–(Newsfile Corp. – September 29, 2020) – Greene Concepts Inc. (OTC Pink: INKW) is pleased to announce it has finalized and signed a joint venture agreement between its’ wholly owned subsidiary the Water Club and New World Health and Wellness whereby New World Health and Wellness will produce a new line of hemp-based products for the Water Club. These new products are aptly named “Be Hemp” and Greene Concepts will sell these to the 300 Million Amazon Customers through its Water Club subsidiary.

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BE HEMP

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As announced in the May 22, 2020 press release, the Water Club is Greene Concepts’ wholly owned subsidiary and is a subscription service for multiple products so consumers may directly order and receive these goods at their chosen location. The manufacturer New World Health and Wellness, a Washington-based manufacturer, is a brick and mortar retailor and online distributor of hemp-based wellness products having previously established an alliance with Greene Concepts this past June (see June 9, 2020 press release).

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NWH & Wellness

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David Day, CEO of New World Health and Wellness shares, “We are happy and excited about this joint venture with Greene Concepts and by creating a product line for them that connects to their new Amazon.com strategy. The Water Club will have customers who may directly purchase or subscribe to the recurring purchase of their new hemp-based line “Be Hemp”. Our goods, made out of the purest natural hemp, help the masses with numerous physical ailments to include chronic pain, stress, inflammation, anxiety, sleep and heart health and are legalized for distribution throughout the country in all 50 states. We are excited to partner with Greene Concepts in this manner, I believe this initiative coupled with the recently announced Amazon deal will greatly increase Greene Concepts’ revenues and price per share.”

Mr. Day continues, “The Greene Concepts Water Club exponentially increases our footprint in the Hemp industry as we offer healthy solutions for people and pets (from our canine Hemp line). One of my prized vendors, Stay Cool, is also participating in the Water Club and will offer Kava and Hemp beverage lines to present healthy alternatives to the public. Our products, derived from the purest natural Hemp, are developed with a centric based focus on assisting the body’s own natural healing properties. I am personally committed to the Water Club’s success.”

Lenny Greene, CEO of Greene Concepts states, “Our new Amazon.com strategy is offering 300 million Amazon customers “Be-Hemp” products in addition to our “BE Water” artesian water line. We have on the drawing board and plan on partnering with New World Health and Wellness to develop multiple consumer products. We are extremely pleased to announce these new products available under the Greene Concepts product line and thank New World Health and Wellness for producing them for us. Each of our customers can purchase these new products and have complete confidence that the ingredients are natural, tested and highly beneficial. The creams and roll-on provide fast-acting relief to skin, joints, bones and muscles plus they have a refreshing scent. The results thus far have been outstanding and we anticipate fast-paced sales and revenue growth through our association with Amazon.com as more and more consumers become aware of the superb health benefits offered with the new “Be Hemp” line of products.”

Lenny Greene, CEO of Greene Concepts continues, “According to Grandview Research, the global Hemp market was valued at USD 4.6 billion in 2018 and is expected to grow at a compound annual growth rate (CAGR) of 22.2% from 2019 to 2025. The demand for Hemp Products for medical and wellness purposes is high due to its healing properties, which is the key factor driving the growth of the market.” (see here).

About New World Health and Wellness

Founded by David and Julie Day, the New World Health and Wellness CBD retail store opened its doors in 2019 as the only Hemp retailor in the Marysville, WA area near Seattle. The store offers numerous Hemp whole-body wellness products to include pain relief, oils and tinctures, pet care, edibles, and skin care. With a company goal of educating the community on the healing properties of Hemp to help others achieve better health, New World Health and Wellness develops brands to better enable and strengthen both the mind and body.

https://newworldhealthandwellness.com/

About Amazon

Amazon is a titan of e-commerce and is the go-to site for online shoppers and merchants alike. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Fire tablets, Fire TV, Amazon Echo, and Alexa are some of the products and services pioneered by Amazon. For more information, visit https://www.aboutamazon.com/ and follow @AmazonNews. (Source: https://ir.aboutamazon.com/overview/default.aspx).

About Greene Concepts, Inc., Mammoth Ventures, Inc. and Water Club, Inc.:

Greene Concepts, Inc. (http://www.greeneconcepts.com) is a publicly traded company. Through its recently acquired wholly owned subsidiary, Mammoth Ventures Inc., the Company has entered the specialty beverage and bottling business and is an emerging leader in the global scientifically formulated beverage industry. Through its subsidiary Water Club, Inc. we intend to pursue subscription-based delivery of water and scientifically formulated beverages directly to the consumers home and market the convenience of this service thru social media affiliate marketing partners.

Safe Harbor: This Press Release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the company’s current plans and expectations, as well as future results of operations and financial condition. A more extensive listing of risks and factors that may affect the company’s business prospects and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the company with the Securities and Exchange Commission and OTC Markets, Inc. OTC Disclosure and News Service. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

CONTACT:

Greene Concepts, Inc.

Investor Relations
info@inkway.com

Lenny Greene
lenny@greeneconcepts.com
559-434-1000

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/64844

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Medical Marijuana, Inc. Becomes First Company to Reach Two-Year Milestone in High-Level CBD Hemp Oil Stability Study

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SAN DIEGO, Sept. 29, 2020 (GLOBE NEWSWIRE) — via NewMediaWireMedical Marijuana, Inc. (OTC: MJNA) (the “Company”), the first-ever publicly traded cannabis company in the United States that launched the world’s first-ever cannabis-derived nutraceutical products, brands and supply chain, announced today that the Company has reached a two-year milestone for long-term stability testing on its flagship THC-free cannabidiol (CBD) oil product Real Scientific Hemp Oil-X™ (RSHO-X™). The stability study was conducted in strict compliance with FDA/ICH guidelines (Q1A-R2).

The study was outsourced to one of the most qualified cGLP/cGMP compliant Contract Research Organizations (CROs) with ISO 17025 accreditation and certification.

“As a Company of Firsts, we are excited to announce that we now have the first CBD hemp oil product on the market to have a proven two-year shelf life. This is the gold standard within the industry for shelf life and, just like many of the testing benchmarks and methods that we have developed for the industry, we believe that other CBD companies will begin testing their products for a similar stability standard and together we will further legitimize the CBD industry,” said Medical Marijuana, Inc. CEO Dr. Stuart Titus. “We will continue to look for new and innovative ways to prove our products’ safety and efficacy.”

The stability study tested several samples of RSHO-X™ CBD oil, which was also exposed to various environmental conditions and temperatures that may be experienced in various locations throughout the world. The samples, which were tested for appearance, odor, specific gravity, viscosity, package compatibility, and complete microbial characteristics, showcased that the product is stable at the end of a two-year time period and has identical CBD concentrations to what existed at the beginning of the study.

Also, the study was performed using fully validated, proprietary analytical UPLC-PDA and LC-MS/MS methods reflecting the specificity and selectivity toward RSHO-X™, including data elements and parameters such as accuracy, precision, repeatability, ruggedness, system suitability, linearity, specificity, dilution integrity, and dynamic range.

The test results showed no change (no more than 5%) in the CBD content and other specifications that were observed and the container closure system was faultless at both long-term and accelerated test conditions. The product also tested negative for any harmful microbes or toxins and the positive 24-month, long-term stability test results suggest that RSHO-X™ is a stable formulation and example for the industry.

About Medical Marijuana, Inc.
We are a company of firsts®. Medical Marijuana, Inc. (MJNA) is a cannabis company with three distinct business units in the non-psychoactive cannabinoid space: a global portfolio of cannabinoid-based nutraceutical brands led by Kannaway® and HempMeds®; a pioneer in sourcing the highest-quality legal non-psychoactive cannabis products derived from industrial hemp; and a cannabinoid-based clinical research and botanical drug development sector led by its pharmaceutical investment companies and partners including AXIM® Biotechnologies, Inc. and Kannalife, Inc. Medical Marijuana, Inc. was named a top CBD producer by CNBC. Medical Marijuana, Inc. was also the first company to receive historic import permits for CBD products from the governments of Brazil, Mexico, Argentina, and Paraguay and is a leader in the development of international markets. The company’s flagship product Real Scientific Hemp Oil has been used in several successful clinical studies throughout Mexico and Brazil to understand its safety and efficacy.

Medical Marijuana, Inc.’s headquarters is in San Diego, California, and additional information is available at OTCMarkets.com or by visiting www.medicalmarijuanainc.com. To see Medical Marijuana, Inc.’s corporate video, click here.

Shareholders and consumers are also encouraged to buy CBD oil and other products at Medical Marijuana, Inc.’s shop.

FORWARD-LOOKING DISCLAIMER
This press release may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Medical Marijuana, Inc. to be materially different from the statements made herein.

FOOD AND DRUG ADMINISTRATION (FDA) DISCLOSURE
These statements have not been evaluated by the Food and Drug Administration. This product is not intended to diagnose, treat, cure, or prevent any disease.

LEGAL DISCLOSURE
Medical Marijuana, Inc. does not sell or distribute any products that are in violation of the United States Controlled Substances Act.

CONTACT:
Public Relations Contact:
Andrew Hard
Chief Executive Officer
CMW Media
P. 858-264-6600
andrew.hard@cmwmedia.com
www.cmwmedia.com

Investor Relations Contact:
P. (858) 283-4016
Investors@medicalmarijuanainc.com

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SLANG Worldwide Continues to Consolidate Colorado Supply Chain with Acquisition of Pleasant Valley Ranch

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Toronto, Ontario–(Newsfile Corp. – September 29, 2020) –  SLANG Worldwide Inc. (CNSX: SLNG) (OTCQB: SLGWF) (“SLANG” or the “Company“), a leading global cannabis consumer packaged goods (CPG) company with a diversified portfolio of popular brands, today announced that it has entered into an agreement dated September 25, 2020 (the “Agreement“) to acquire (the “Acquisition“) Colorado-licensed cannabis cultivator Pleasant Valley Ranch, LLC (“Pleasant Valley“).

SLANG anticipates that ownership of a cultivation operation will provide greater assurance of a supply of raw materials in the growing Colorado market, while also reducing its input costs and thereby improving gross margins.

“The purchase of Pleasant Valley is another key step in our strategy to assemble a fully integrated, wholesale operation in our core market of Colorado,” said SLANG President & CEO Chris Driessen. “The Colorado market continues to generate double-digit growth, and this transaction will help us capture additional market share. The acquisition of a trusted supplier will help us continue to expand our production volumes while improving our unit economics and maintaining our high standards of quality.”

Pleasant Valley is a privately-owned company located in Carbondale, CO specializing in high-quality, organically grown cannabis strains that thrive in high altitude, mountainous environments. Pleasant Valley has 1,600 square feet of greenhouse cultivation area, and a five-acre outdoor facility at an elevation of approximately 7,500 feet that produces an authentic, naturally cultivated product using snowmelt water. It currently has a capacity of 3,600 plants and produces approximately 4,800 pounds annually and is projected to double its capacity by 2021. Pleasant Valley has been a key supplier of raw materials for SLANG-branded concentrate and edibles products in Colorado.

The purchase of Pleasant Valley marks another milestone in SLANG’s strategy of consolidating its supply chain in Colorado. Following the approval of its application for suitability by the Colorado Department of Revenue’s Marijuana Enforcement Division (the “MED“) in August 2020, the Company acquired Denver-based licensed cannabis producer and distributor, Peoria Partners LLC. The Company is evaluating other potential acquisitions and opportunities in Colorado.

The Colorado market generated total retail sales in excess of $1.7 billion USD in 2019, and grew by 22% in the first seven months of 2020 compared to the same period last year, according to BDSA. In these conditions of rising demand, the retail market price of flower in the state has recently exceeded $1,300 USD per pound, according to the Colorado Department of Revenue, an increase of more than 30% from a year earlier.

Pursuant to the Agreement, the Company will acquire Pleasant Valley for consideration comprised of a non-material amount of cash and common shares of the Company. The Acquisition will be completed by way of three-cornered amalgamation and is anticipated to close in the fourth quarter of 2020. Closing of the Acquisition is subject to the satisfaction or waiver of customary closing conditions, including applicable regulatory approval by the MED.

Media and Investor inquiries
Investors@SLANGww.com

About SLANG Worldwide Inc.

SLANG Worldwide Inc. is a global leader in the cannabis CPG sector with a diversified portfolio of popular brands distributed across the United States. The Company specializes in acquiring and developing market-proven regional brands as well as launching innovative new brands to seize global market opportunities. SLANG is listed on the Canadian Securities Exchange under the ticker symbol SLNG and on the OTCQB under the symbol SLGWF. For more information, please visit www.slangww.com.

Forward-Looking Statements

This news release contains statements that constitute “forward-looking statements.” Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects,” “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Forward-looking statements in this news release include, but are not limited to, statements regarding the Company’s proposed acquisition of Pleasant Ranch and the Company’s production and distribution of cannabis products in Colorado.

Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management of SLANG at this time, are inherently subject to significant business, economic and competitive risks, uncertainties and contingencies that could cause actual results to differ materially from those expressed or implied in such statements. Investors are cautioned not to put undue reliance on forward-looking statements. Applicable risks and uncertainties include, but are not limited to regulatory risks, risks related to the COVID-19 global pandemic, changes in laws, resolutions and guidelines, market risks, concentration risks, operating history, competition, the risks associated with international and foreign operations and the other risks identified under the headings “Risk Factors” in SLANG’s final long form prospectus dated January 17, 2019 and “Risks and Uncertainties” in the management discussion and analysis for the year ended December 31, 2019 and six months ended June 30, 2020, each as filed on SEDAR at www.sedar.com. SLANG is not under any obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.

Third Party Information

This press release includes market and industry data that has been obtained from third party sources, including industry publications. The Company believes that the industry data is accurate and that its estimates and assumptions are reasonable, but there is no assurance as to the accuracy or completeness of this data. Third party sources generally state that the information contained therein has been obtained from sources believed to be reliable, but there is no assurance as to the accuracy or completeness of included information. Although the data is believed to be reliable, the Company has not independently verified any of the data from third party sources referred to in this press release or ascertained the underlying economic assumptions relied upon by such sources.

The Canadian Securities Exchange has not reviewed, approved or disapproved the content of this news release.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/64821

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