HempFusion, (“the Company”), a leading Hemp/CBD company in the United States with distribution of its family of brands to over 3,400 retailers across 47 states, is pleased to announce the launch of its innovative & delicious Twist product line featuring our proprietary Whole Food Hemp Complex™. Consumers can now enjoy HempFusion’s premium Twist products in two different sizes and three delicious flavors that include; Mango Peach, Citrus Ginger and Key Lime.
The 8-ounce Twist product line retails for US$39.99 and is available both online and in retail locations across the United States and select international jurisdictions.
Included in the Twist product formulations is the Company’s proprietary Whole Food Hemp Complex of Hemp Extract, Clove Oil Extract, and Black Pepper Extract with powerful endocannabinoid system supporting compounds such as CBD but in our opinion even potentially more interesting, ß-Caryophyllene, in addition to the following:
- Delicious Natural Flavors
- Mango Peach & Key Lime Contain 2,850mg of Fish Oil Concentrate Per Serving that delivers 1000mg of Omega 3 in each serving
- Citrus Ginger has No Fish Oil but still delivers important DHA Omega 3 from a Vegan source and includes Powerful Turmeric Extract and Organic Ginger
- Depending on the formula they also include other Important Omega Fatty Acids such 3, 6, 9 & even 5 & 7
- They all include 5mg of CBD & 5 mg ß-Caryophyllene + Other Terpenes Per Serving
- 15 IU Vitamin E
“A product with CBD, in our opinion, has never tasted so good! Our team works incredibly hard to develop innovative products that provide consumers with full spectrum hemp-derived extracts including CBD and other minor cannabinoids in delicious, safe and consistent ways.” stated Jason Mitchell N.D, co-founder and President of HempFusion.”While CBD gets the headlines, says Mitchell . “Evidence suggests that CBD is complemented by the presence of other cannabinoids, terpenes and omegas.” We are proud that our products are being embraced in the natural foods industry. “We feel that there is nothing like this on the market and early feedback from our customers has been tremendous; our Twist products can easily be added to smoothies and a variety of foods and beverages, making it a great choice for an active lifestyle,” continued Mitchell.
The Twist product line is also offered in a convenient 2-ounce travel size that retails for US$9.99 that is perfect for the on-the-go consumer.
The name HempFusion means that we take Hemp, the ultimate SuperFood, and infuse it together with other botanicals and important nutrients to optimize our formulations. The Twist’s Mango Peach and Key Lime formulations are infused with Omega 3 Fish Oil Concentrate and other important fatty acids with a wide spectrum of key Omega fatty acids such as Omega 3-6-9.
Gallily, Ruth & Yekhtin, Zhannah & Hanus, Lumir. (2015). Overcoming the Bell-Shaped Dose-Response of Cannabidiol by Using Cannabis Extract Enriched in Cannabidiol. Pharmacology & Pharmacy. 06. 75-85. 10.4236/pp.2015.62010.
“Our Citrus Ginger Twist is probably my favorite product. I blend it in my smoothies every morning and add it to my water bottle during the day. The fact that it includes vegan omega 3, 6 and 9 and also contains turmeric makes it such a wonderful product for my daily active lifestyle.” stated Ian deQueiroz, CEO of HempFusion.
HempFusion’s leading CBD based products aim to illustrate that Hemp is the ultimate Superfood that contains dozens of amazing & powerful constituents including cannabinoids, terpenes like ß-Caryophillene as well as Omegas 3, 6 & 9’s. Rather than isolated or spiked CBD, HempFusion® uses hemp extracted with a unique CO2 Extraction method we call the HO-PETM (Hemp One-Pass ExtractionTM) process to protect these constituents during extraction. HempFusion’s Whole Food Hemp ComplexTM contains CBD and other cannabinoids along with additional plant-based terpenes and omegas formulated in a way we believe will optimize the ensemble of beneficial compounds.
HempFusion’s complete product offering, additional information and store locator can be accessed here.
SOURCE Hemp Fusion
C21 Investments Restructures Debt Servicing and Terms of Phantom Farms Acquisition
C21 Investments Inc. (“C21 Investments” or the “Company”) (CSE: CXXI and OTC: CXXIF) today announced that it has reached an agreement to restructure payments for the $21.8 million balance remaining on the secured promissory note issued on January 15, 2019 (“Note”) to Mr. Sonny Newman in connection with the Company’s purchase of Silver State Relief LLC and Silver State Cultivation LLC. The Company has also agreed to revised terms for the acquisition of Phantom Venture Group LLC and Phantom Brands LLC (together, “Phantom Farms”). These changes are designed to maintain positive cash flow for C21 Investments and position it for future growth. All figures are in US dollars unless stated otherwise.
Restructuring highlights include:
- December principal payment to Mr. Newman cancelled; monthly debt service obligations reduced by 70% to $600,000 per month starting Jan 1, 2020.
- Consolidation of the Oregon business operations including the sale lease-back with the vendors of the Phantom Farms’ properties on favourable terms.
- Reduction of future share issuance obligations by approximately 6 million shares.
- Aggregate annual run-rate cost reductions now tracking in excess of $6 million.
Demonstrating his flexibility and commitment to shareholders, President and CEO Sonny Newman, has agreed to cancel the December 1, 2019 principal payment of $800,000, lower the monthly payments due thereafter by $1,400,000 to $600,000 per month, and reduce the annual interest rate on the Note to 9.5% from 10%. These terms will be effective through July 1, 2020 at which time the balance of the Note will be due and payable.
“This restructuring will allow the Company to move forward with its strategic plans and as the Company’s largest shareholder, I continue to fully support the Company,” said Sonny Newman. “In my letter to shareholders dated July 16, 2019, I identified right-sizing and integration of our operations in Oregon as a top priority. Today’s announcement marks a significant milestone in achieving this goal.”
C21 Investments has revised the terms of its acquisition of Phantom Farms. Under the revised agreement, the real estate assets of Phantom Farms (“Properties”) will transfer back to the vendors. C21 Investments will have a third-party appraise the value of the Properties and will issue to the vendors in shares priced at CAD$1.05 for any difference between the Properties’ current value and the original agreement of $8.01 million due in October 2020. This represents a reduction in share issuance obligations for the Company of approximately 6 million shares. This transaction is scheduled to close in January 2020. In addition, under the new terms, the vendors will decrease the lease rates for C21 Investments on the Properties to 7% of the assessed value, and the Company will retain an option to purchase the properties. The Phantom Farms’ vendors will retain their earn-out shares per the original agreement.
Having successfully negotiated new debt service and acquisition terms, C21 Investments has formally engaged Eight Capital as its exclusive financial advisor to identify and assess strategic opportunities for the Company. Eight Capital is a Canadian, full-service investment dealer with a leading practice in the cannabis sector.
“The cannabis space continues to evolve rapidly and we want to ensure that all avenues for increasing shareholder value are considered by management and the Board,” said Sonny Newman.
SOURCE C21 Investments Inc.
Core One Labs’ Subsidiary, Agrotech LLC, Completes 1,600 Pound Harvest of Sacramento Farm
Core One Labs Inc. (CSE: COOL), (OTCQX: CLABF), (Frankfurt: LD6, WKN: A14XHT) (“COOL” or the “Company”) announces that its 50%-owned subsidiary, Agrotech LLC, has harvested 1,600 pounds from the Sacramento farm it manages and has completed drying and testing of the biomass.
Agrotech LLC has harvested a section of the two- and one-half acre farm in Sacramento. The harvest yielded over 1,600 pounds of biomass which was dried and tested, then processed for classification into flower, which is expected to yield approximately 60%, and trim for both the production of CannaStripsTM and retail distribution and sales. The remainder of the farm’s crop will continue to provide additional bio-mass late into November.
The harvest of the farm provided research data and further affirmation of the Company’s ability to cultivate outdoors without the use of pesticides or fungicides. The harvest has received a Certificate of Analysis (“COA”) confirming those positive expectations. Operationally, this harvest is evidence that the Company no longer has to rely on third party cultivations and incur the additional risk and the significant margins that reliance represents. The Company now can produce high quality cannabis without contaminates at a much lower cost outdoors, thereby reducing the cost of goods across all the product lines.
Core One Labs CEO, Brad Eckenweiler, stated, “This outdoor cultivation is one more accomplishment for the Company as it continues to build its expertise and operational structure towards a vertically integrated cannabis company from genetics and seed to the customer’s doorstep.” The current market in California for wholesale flower is between USD$600 and USD$1,200 per pound with a COA confirmation.
The Company will be updating the market as to the progress on the farm as new information becomes available.
In addition, the Company is announcing that it has reached an agreement with an arms-length party for a CAD$300,000 one-year unsecured convertible debenture (the “Debenture”). The principal advanced under the Debenture will accumulate interest at 6% per annum compounded monthly and may be converted, together with accrued interest, in whole, or in part, into shares of the Company’s common stock at CAD$0.64 per share.
Lotus Ventures Finalizes First Shipment with Auxly Cannabis Group Inc.
Lotus Ventures Inc. (CSE: J) (FRA: LV9) (OTC: LTTSF) (the “Company” or “Lotus“) has finalized the details of its first shipment to Auxly Cannabis Group Inc. (TSXV: XLY), and expects the shipment to be sent out next week. Pursuant to Lotus and Auxly’s definitive agreement (the “Agreement”) dated September 11, 2018, Auxly is entitled to purchase the first 50% of Lotus’ cultivation at a fixed price, with a right of first offer to purchase the remaining 50% at market prices. Auxly has agreed to purchase 100% of the initial crop and has an ongoing interest in our high-quality flower production.
Lotus was pleased with its initial batch yielding more cannabis than originally expected, while passing all quality control measures. The Company grew multiple strains in its initial batch, optimizing the growing environment and learning what strains worked best for the current market demand. Out of the initial batch, one strain tested at 22.6% THC while the average amongst the group tested at approximately 19.1% THC. As per market demand, Lotus plans to grow higher THC products and anticipates higher THC results in future batches now that the growing environment has been standardized.
As per multiple industry reports, as well as internal data, Canadian cannabis consumers are currently demanding premium dried flower with a high THC% content. Our analysis finds that indoor produced craft products with a high THC% have been able to either maintain or increase selling prices in retail since legalization, while lower-to-mid grade products have seen selling price compression since legalization. Lotus continues to be focused on exceeding consumer expectations as a reliable low-cost producer of high-quality flower grown from exotic and premium strains.
Cannabis4 weeks ago
ecxx.com first digital asset exchange to integrate MyInfo for user identity verification
Cannabis3 weeks ago
iAnthus Announces Retirement of Paul Rosen from Board of Directors
Cannabis3 weeks ago
Lithium Iron Phosphate Batteries Market Worth $10.6 Billion by 2024 – Exclusive Report by MarketsandMarkets™
Cannabis2 weeks ago
Supreme Cannabis First Quarter Earnings Release Scheduled for November 14, 2019
Cannabis3 weeks ago
Bridge Farm Group Selects Heliospectra MITRA LED Lighting for United Kingdom Greenhouse and Cultivation of Fresh Herbs and Plants
Cannabis2 weeks ago
Aphria Inc. Doubles Production Capacity After Receiving Cultivation Licence for Aphria Diamond
Cannabis2 weeks ago
Addressing THC Detox Myths and Facts
Cannabis2 weeks ago
Cannabis Can Treat Epileptic Seizures