Miesiąc: grudzień 2020

The Migration Saga: From Beverage To Cannabis (And Vice Versa) – Benzinga

Over the past year, many cannabis businesses opted to reinforce their teams by hiring beverage experts.

  • MediPharm Labs (OTCQX:MEDIF) tapped former Nestlé Canada’s President and CEO Shelley Martin to join its board of directors.
  • Mydecine (OTC:MYCOF) and Canateq Holdings followed suit a month later. Jim Gunning, a former Red Bull North America’s Sports Marketing Director, and former RESQWATER’s Managing Director, joined the Denver-based company to serve as Chief Marketing Officer.
  • Canateq welcomed the two former Molson-Coors executives, Mark Hunter and Kandy Anand, to its board of directors.
  • Red White & Bloom Brands Inc. (OTC:TDRYD) hired Jonathan Fentress in October to oversee its Sales and Marketing department, touting his experience within the cannabis, hemp, food, beverage, and tobacco industries.
  • CannaSafe appointed Matthew McCormack shortly after. The seasoned expert who spent more than twenty years working in the food and beverage and product manufacturing industries agreed to lead the company’s financial department.
  • Columbia Care Inc. (OTCQX:CCHWFwelcomed Alison Worthington to its board of directors in November. The seasoned expert spent her career working for The Coca-Cola Company (NYSE:KO) and Starbucks Corporation (NASDAQ:SBUX), to name a few.
  • Finally, EnWave Corp. (TSXV:ENWenlisted Pablo Cussatti to serve on its board of directors recently. He sharpened his skills working for several national brands, including Pepsi Bottling Group, among others.

Cannabis Companies To Bring Fresh Beverages

Marijuana companies are deepening their bench with pros in the beverage space because cannabis drinks are becoming more mainstream in the U.S. And while most of the big players within the industry are waiting for the changes in federal regulations, there are still brands and companies that didn’t hesitate to take the leap.

Canopy Growth Corp.’s (NYSE:CGC) and Tirlay Inc.’s (NASDAQ: TLRY) products were first to hit shelves in 2020.

The Smith Falls, Ontario-based cannabis giant launched its first line of mixed distilled cannabis beverage products in early January. Tilray’s subsidiary High Park Holdings Ltd. introduced non-alcoholic CBD-infused beverages under the brand name Everie as a part of its line of Cannabis 2.0 products. In addition, Canopy recently presented its first line of premium CBD-infused beverages dubbed Quatreau.

Dan Bilzerian’s Ignite International Brands Ltd (CSE:BILZ) even launched a new product division called Ignite Beverages. However, the first launched product — an alkaline PH9 water — didn’t contain any cannabis derivatives. In February, the Instagram influencer and former U.S. military service member presented IGNITE Vodka.

Valens GroWorks Corp. (TSXV:VLNS) (OTCQX:VLNCF) launched a cannabis-infused beverage line in March, including THC citrus water, SUMMIT, and a CBD iced tea, BASECAMP, in partnership with Iconic Brewing.’s A1 Cannabis Company. Several months later, the collaboration yielded a new higher potency cannabis-infused beverage, Summit 10, containing 10mg of THC.

BevCanna Enterprises Inc. (CSE:BEV) (OTCQB:BVNNF), a company focusing on cannabis-infused innovations, talked about its efforts to develop a new CBD-infused immune-supporting functional beverage under its health and wellness brand Lev in April.

Around the same time, the cannabis company Hexo Corp. (TSX:HEXO) (NYSE:HEXO) has teamed up with a beverage company Molson Coors Beverage Co. (NYSE:TAP) to create the joint venture Truss CBD USA. It’s poised to produce non-alcohol hemp-derived CBD beverages in the Colorado market. According to an earnings report, company revenue went up by 9% sequentially, due to a 54% growth in adult-use beverages and an 8% growth in recreational cannabis sales.

In July, Mike Tyson knocked out the cannabis community by announcing that his founding company The Ranch Companies, will print cannabis products. The boxing legend recently signed a long-term, multi-million-dollar agreement with Smart Cups, which produces 3D-printed, single-serve drinks.

Vertically-integrated cannabis company Planet 13 Holdings Inc. (CSE:PLTH) (OTCQX:PLNHF), which has been expanding its footprint in Nevada and California, introduced HaHa Cannabis Beverages in September. The sparkling flavored beverages are now available in over 35 stores across the Silver State.

In the meantime, a number of celebrities, including Academy Award-winner Gwyneth Paltrow, Ruby Rose, Rebel Wilson, Darren Criss, Baron Davis, Tove Lo, Casey Neistat, and Calesha Murray (aka Bre-Z) backed up the cannabis beverage brand Cann (pictured).

To wrap up the year – the comedian and podcaster Joe Rogan opted to launch a new CBD beverage in partnership with Kill Cliff. Flaming Joe contains 25 milligrams of CBD and is available to order online.

Migrations Insights

To gain some perspective on why seasoned beverage experts opted to dive into the cannabis space, I reached out to Columbia Care board member Alison Worthington, and Jim Gunning, the CMO at a functional fungi and psychedelics company Mydecine.

“I can’t think of a more dynamic industry than cannabis,” Wornington said, touting Columbia Care as one of the companies within the space that’s able to “make a difference with their ethical, growth-oriented mindset.”

“I was drawn to the industry when I discovered Columbia Care’s deep roots and integrity in the medical cannabis sector and its mission to improve access and quality to this space,” she added.

To be up to the task at Columbia Care, she leverages the knowledge gained during her time in Coca-Cola Company and Starbucks, where “we expanded from grassroots local community relationships to build a well-loved global retail brand while still maintaining that local and personal touch in those communities.”

Gunning’s first contact with the industry was the collaboration on the development of a CBD beverage line.

“I was immediately intrigued, loved the concept, and was very excited about the opportunity in the category,” he shared.

The skills he sharpened while working at Red Bull helped him to understand the value of category development and consumer education.

“When I started at Red Bull, there was no energy drink category,” Gunning said.

Reffering to the time he spent on “educating the consumer as to what an Energy Drink was,” Gunning explained that the cannabis and psychedelics industry is facing similar challenges.

“Because of the history and common misconceptions about psychedelics, there is still a tremendous need for consumer education, and it is great to see more quality content being created and non-endemic media outlets covering the growth of this fast-growing industry,” he said.

Still, when it comes to cannabis classified beverages, he sees a “very strong future.”

“The continued acceptance of THC and CBD into the general market combined with overall trends of therapeutic and wellness along with lower calorie and non-alcoholic drinks makes for a perfect storm,” Gunning noted.

Together with “tremendous innovation, the rapid rollout of new brands and great tasting products makes for a very appealing option for new consumers,” Gunning added.

Considering that cannabis beverages are closely tied to health-conscious consumers, it’s fair to say that beverages are, alongside edibles and other products from the so-called “Cannabis 2.0,” the future of the pot sector. It seems that migrations of beverage experts to cannabis companies are just part of that package.

7 Ways CBD Can Help You Follow Through With New Year’s Resolutions – Thrillist

How to build your own new normal in 2021 with the help of CBD.

Thrillist/Maitane Romagosa

We independently source all of the awesome products and experiences that we feature on Thrillist. If you buy or book from the links on our site, we may receive an affiliate commission — which in turn supports our work.

Resolutions carry an extra significance in the coming new year. We all learned something new about our strengths and weaknesses as we weathered the storm that was 2020; we learned what really matters to us after nearly a year in varying levels of isolation, and this year’s resolutions are bound to be our most thoughtful and sincerest yet. The problem, though, is that the storm’s not over. Stressful circumstances remain for most, which can make incorporating new habits and routines a bit more complicated. Still, whatever your commitments to yourself in 2021 may be, the first step is managing stress and taking care of our health. CBD can help with that. 

Here are seven easy ways to make CBD a part of your day-to-day life for a calmer, more focused year ahead. 

Verma Farms/Maitane Romagosa

Stay Consistent with a CBD Gummies Starter Pack 

Price: $150 
In order to benefit from CBD—even just to assess whether you’ve found the right product for you—you have to be consistent. I find gummies’ versatility as an adult vitamin and a candy reward make it easier for me to make it a regular habit, and it’s easy to keep with you if your schedule’s less predictable. A multipack like this one is ideal to avoid getting bored with a particular flavor, giving you a variety of melon, peach, and blueberry gummies. Each is packed with 25mg of CBD, which is just the right daily dose for rookies (and really anyone) to balance any nerves or distractions. 

CBD One/Maitane Romagosa

Make It Special with Hemp Hatcha Powder

Price: $33
Want to know why laborious skincare is such a trend? Because it’s nice to have a ritual each night. Yes, physical benefits are the goal, but it’s an addictive habit because of the ceremonial, centered me-time it provides. It’s fun. So, if you’re having trouble being consistent with CBD, make it more fun with a bit of pomp and circumstance, like this “ceremonial grade” CBD powder. The finely-milled powder is made from hemp grown by a third-generation farm, and it’s truly made to be used like matcha. Stir in half a teaspoon for a verdant, 15mg CBD tea, or bake it into a Hatcha Cake. 

Sera Labs/Maitane Romagosa

Take Care of Yourself with Rapid Soothing Crème 

Price: $40
One of the most concrete things we understand about CBD’s effect on our bodies is its anti-inflammatory quality, and inflammation is the root cause/side effect of hundreds of common ailments. This topical from Sera Labs (yes, the company that just tapped Nicole Kidman as its new face and strategic brand partner) is the product Kidman turned to after an ankle injury converted her into a CBD believer. Bad back, carpal tunnel, a sore neck, a pinched nerve—slather some on whenever and wherever you feel discomfort. 

Xula/Maitane Romagosa

Work With Your Body Cycles with Xula Tinctures

Price: $59 and up
Our bodies’ needs fluctuate throughout the months and years, and a CBD oil that worked for you in 2019 may no longer be doing the trick. You have myriad options when it comes to tinctures, and many of them are great! But a tincture can do more than just nourish those CBD levels. I really like these formulas by Xula that combine traditional medicinal herbs with recipes designed for changing bodies. The uff! Tincture is made to soothe symptoms of menstrual cycles and pregnancy, while the whew! Tincture includes hibiscus, schizandra berries, black cohosh root, hemp, shatavari root, and sage to deal with menopausal effects. 

Procana/Maitane Romagosa

Sleep Better with CBD PM Softgels

Price: $33
Anyone who maintained regular sleep rhythms over the past nine months deserves their own book deal. It’s no small feat to fall asleep after working from home all day, and some stresses need more than ocean sounds to quiet down. Sleep aids are another instance where CBD + something else can have a more impactful effect. These Procana capsules contain 15mg CBD and 3mg melatonin per softgel to amplify sleepier effects. If you also don’t love falling asleep with the oily residue of a tincture on the tongue, they’re ideal for bedside dosing.

Pure Spectrum CBD/Maitane Romagosa

Stress Less with a Eucalyptus Mint Bath Soak

Price: $10
CBD bath bombs may be all the rage, but they’re not of much use to those of us without bathtubs. Which is a shame, because the combination of epsom salts and CBD is truly an ideal treatment for the entire body. The solution? An affordable bag of loose CBD bath salts like these. Take your biggest bowl, or, if you can, hop on up your bathroom counter to turn your sink into a footbath. Put on a podcast and try resting your hands and forearms in the sink for 15 minutes. By using a fifth to a quarter of the recommended salts for a full body bath, this is a great way to take care of your body and zen out at home under budget. 

Miracle CBD Products/Maitane Romagosa

Finish What You Start with Dark Roast CBD Coffee

Price: $23
As much as CBD can do to help you feel better, it doesn’t solve your problems. It doesn’t finish that screenplay you’ve been meaning to work on. It doesn’t fill your fridge with fruits and veggies. It’s up to all of us to make the changes we wish to see in our lives. It’s ok if you need to reach for that third cup of coffee to make that final push on a busy day, but maybe try this CBD infused version to balance any jitters from all that caffeine. If you’re someone who likes to combine real weed with your morning coffee for a creative start to the day, including CBD in the mix can really help guide that high to more productive territory. 

Lauren Yoshiko is a Portland-based writer and co-host of Broccoli Magazine’s podcast, Broccoli Talk. She was among the first journalists to cover the commerce and culture of cannabis starting in 2014 and her work has since appeared in Willamette WeekForbesRolling Stone, and Broccoli Magazine, among others. Follow her on Instagram at @laurenyoshiko for Portland breakfast sandwich recs, stoned nail art, and moderate cat content.
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Wisconsin legislator’s daughter faces drug charges – WGBA-TV

MILWAUKEE (AP) — A Wisconsin lawmaker’s daughter is in serious trouble with the law after she allegedly pointed a gun at two people in an SUV.

Online court records show 18-year-old Sophie Dittrich, daughter of Oconomowoc Republican state Rep. Barbara Dittrich, was charged Tuesday with multiple counts, including disorderly conduct with dangerous weapon; carrying a concealed weapon; possession of mushrooms and marijuana with intent to deliver; and possession of drug paraphernalia.

She could face more than 14 years in prison if convicted.

The Milwaukee Journal Sentinel reported Thursday that the criminal complaint against Dittrich states that two people in an SUV flagged down police in an Oconomowoc parking lot on Dec. 27. They reported that a woman in another vehicle had pointed a pistol at them.

Police found that vehicle and smelled marijuana inside, according to the complaint. Dittrich and two others were in the vehicle. One of them, 18-year-old Jordan Nowak, was cited for 5 grams of marijuana in her wallet. The third person, a 17-year-old, was cited for obstruction, according to the complaint.

Dittrich initially denied any conflict with the two people in the SUV, the complaint said, but later said she knew the female occupant and they hadn’t gotten along for at least eight years. She said she made the shape of a gun with her fingers as she passed the SUV and made an obscene gesture with her other hand.

The next day police asked the two people in the SUV why Dittrich would display a gun for no reason. They learned that two months earlier one of the SUV occupants had obtained a THC vape cartridge from Dittrich without paying for it, according to the complaint.

Officers searched Dittrich’s car and found a loaded Ruger .22-caliber pistol that matched the description of the gun that Dittrich allegedly pointed at the SUV, the complaint said. They also discovered marijuana, mushrooms, THC wax and THC cartridges. THC is the mind-altering ingredient in marijuana.

Rep. Dittrich issued a statement Wednesday saying her daughter is a young adult and needs support as she takes responsibility for her well-being.

“Every family who suffers through the pain of addiction, regardless of the specific form which it presents, has their own private story of trial and sorrow,” Barbara Dittrich said. “Now you know part of my family’s story and what impacts some of my legislative decisions. Given this recent incident, I will fight all the harder for those facing similar circumstances as long as I remain in the Wisconsin state Legislature.”

The Associated Press left a message seeking comment from an attorney for Sophie Dittrich. A preliminary hearing is set for March 1.

Washougal man opens Gorge Family Therapeutics – Camas Washougal Post Record

During the past three years, Sam Rickenbach worked for several Portland-area companies as a cannabidiol (CBD) extraction laboratory director. He generally enjoyed his work, but over time came to believe that most of the businesses in his industry — including his own — were severely overcharging for their products.

The more and more he learned, the more disillusioned he became. He was bothered by the fact that many people with legitimate medical needs for CBD products were quite simply getting priced out of the market.

“It makes me sick to see these products on the shelves that are $60 a pop when I know for a fact that the raw ingredients only cost $3 or $4,” Rickenbach said. “I feel that’s a really dishonest and mean thing to do. As somebody that uses these products and benefits from them, I know that if I didn’t have the access that I do from being part of the industry, I wouldn’t be to see those benefits because I wouldn’t be able to afford it.”

So Rickenbach decided to do something about it. Earlier this year, the Washougal resident left his job at a large cannabis company and created his own business, Gorge Family Therapeutics.

Through his website (gorgefamilytherepeutics.com), Rickenbach offers self-produced CBD tinctures which contain 100 milligrams of CBD per milliliter and zero tetrahydrocannabinol (THC). Customers have a choice of size — the bottles range in size from one-half ounce to 4 ounces — and flavor, including original, lemon and peppermint. He eventually hopes to also offer salves, lotions and more.

“My products are aimed at making (CBD) affordable and practical for people to use,” Rickenbach said. “(My products are) about two to three times cheaper, but they’re also two to three times more potent. You’re just getting a lot more for your buck. The concentration makes it really easy to dose.”

CBD is a phytocannabinoid, one of one of 113 identified cannabinoids in cannabis plants.

“It generally provides relaxation. It’s really good for anxiety, any form of stress or lack of sleep,” Rickenbach said. “I’m amazed how often I give somebody a tincture and they come back and they’re shocked. One of my mom’s friends couldn’t sleep for months. He was getting one or two hours a night. She gave him one dropper-full and he slept through the night for the first time in three or four months. That’s always impressive when you hear stories like that.”

In the United States, the CBD drug Epidiolex was approved by the Food and Drug Administration (FDA) in 2018 for the treatment of two epilepsy disorders. Because of the fact that cannabis is a Scheduled I controlled substance in the United States, however, other CBD formulations remain illegal under federal law to prescribe for medical use or to use as an ingredient in dietary supplements or other foods.

“The FDA recognizes the significant public interest in cannabis and cannabis-derived compounds, particularly CBD. However, there are many unanswered questions about the science, safety and quality of products containing CBD,” according to a statement on the FDA’s website. “The FDA is concerned that people may mistakenly believe that using CBD ‘can’t hurt.’ The agency wants to be clear that we have seen only limited data about CBD’s safety and these data point to real risks that need to be considered.”

Personal journey leads to unexpected career

Rickenbach had no interest in becoming a scientist when he was growing up in Hood River, Oregon. In fact, his younger self probably wouldn’t be too impressed as his older self’s accomplishments.

“When I was a kid, I absolutely hated math. I didn’t think I was good at it at all,” he said. “I remember distinctly thinking to myself if I ever have a job that involves math when I grow up, I’ve failed at my life.”

He started to gain an interest in science after taking a medical biology class in high school, however.

“That just got me a lot more confident in my scientific prowess because I was always decent at biology and that sort of thing, but I was totally lost in chemistry,” he said. “But in med bio, we reviewed a lot of chemistry basics, and it made me feel a lot more confident.”

Rickenbach’s own struggles with obsessive-compulsive disorder (OCD) and anxiety also played a role in his eventual career choice.

“Around the same time, I started learning about the potential for psychedelic therapy and things like that, and when I was searching the internet, I found articles that were mentioning how classical psychedelics like mescaline, psilocybin and LSD (lysergic acid diethylamide) were being used to treat those conditions,” he said. “That kind of got me interested in psychoactive compounds and the therapies they can provide. That’s what really propelled me to explore biochemistry and take it on as a career.”

He graduated from Portland State University in 2017 with honors in biochemistry. Several months later he was hired as the director of research and development at a Portland-area CBD isolation company, and “everything just kind of took off from there.”

Now he’s hoping to attend graduate school.

He’s applied to two programs at Oregon Health and Science University, where he hopes to study neuropsychopharmacology.

“That’s essentially looking at the brain and how different pharmaceutical products affect it and what the consequences are,” he said. “I’m interested in seeing the potential of different psychoactive compounds and psychedelics and how they can be used to treat things like addiction, drug abuse disorders, OCD and anxiety.”

He also has long-term development goals for his new business.

“My overarching goal with this whole thing was to develop into more of a broader nutraceutical company — basically getting supplements in bulk locally and putting them in capsules or other forms of administration and providing that — turmeric, melatonin, that kind of thing,” he said. “It just so happens that I’m experienced with CBD and the market and where to get it, so that’s what I started with. I’m working on developing it into a more holistic kind of company.”

PureK Holdings Corp. to Acquire No B.S. Skincare, a Clean Ingredient Skincare Company – GlobeNewswire

VANCOUVER, British Columbia, Dec. 31, 2020 (GLOBE NEWSWIRE) — PureK Holdings Corp‎. (the „Company„) (TSX Venture: PKAN), along with its majority-owned CBD subsidiary company, PureKana LLC, (“PureKana”), is pleased to announce that effective today it has entered into a binding letter of intent (“LOI”) with DTC Brands, LLC to acquire No B.S. Life, LLC (“No B.S. Skincare”), the industry-leading clean-formula skin care and beauty company. The transaction is an arm’s length acquisition and all figures in this news release are in U.S. dollars, unless otherwise indicated.

Under the terms of the binding LOI, PureK Holdings Corp. and its PureKana subsidiary will acquire all of the issued and outstanding membership units of No B.S. Life, LLC, with 65% of the purchase price to be paid by PureK Holdings Corp. and 35% to be paid by PureKana, with resulting proportional ownership interests. PureK Holdings Corp. will issue $4 million payable in unsecured convertible debentures, with 3.25% non-compounding interest, payable in cash or common shares of PureK Holdings Corp. at the discretion of PureK Holdings Corp. on or before twenty-four (24) months following the date of closing. A cash payment of $500,000 will be made within six (6) months of the date of closing. Current members of DTC Brands, LLC will be eligible to receive earnout compensation of $1 million if the company’s revenues and EBITDA equal or exceed $6 million and $360,000, respectively, in fiscal 2021, and/or $2.5 million if the company’s revenues and EBITDA exceed $8 million and $480,000, respectively, in fiscal 2022. Other than the issuance of the unsecured convertible debentures noted above, there is no long term debt being assumed. The parties intend to complete these transactions as soon as is practicable and will use commercially reasonable efforts for the closing to occur no later than January 31, 2021.

No B.S. Skincare was founded to provide consumers an all-natural and environmentally friendly alternative to the excesses of the beauty industry. The company’s products are made with potent, plant-based and scientifically proven natural ingredients and – unlike other skincare solutions – with absolutely no harmful chemicals like parabens, sulfates, or phthalates, and no synthetic fragrances. All of the company’s products are responsibly made in America and are never tested on animals.

“We are thrilled about joining forces with PureK and leveraging the synergies to catapult the No B.S. business to the next level, while extending our mission to serve consumers with radically clean products that deliver powerful results,” said Diana Briceno, CEO of No B.S. Skincare.

Key focuses of growth for PureK Holdings Corp. are in the skincare and pet categories, global market entries and omni-channel expansion. With the addition of No B.S. Skincare to its portfolio, PureK Holdings Corp. is positioned to capitalize on what is expected to be strong growth in both the global skin care and beauty markets and in the CBD consumer products market. The global CBD-infused skincare market is expected to reach $3.2 billion by 2025, with an estimated compound annual growth rate (CAGR) of over 25% in that time, according to Allied Market Research. The global skincare market was estimated to total approximately $198.3 billion by 2025, according to Statista. Moreover, the Company sees significant tailwinds in its current plant-based portfolio. According to Meticulous Research, the plant-based products category is forecast to reach $74.2 billion by 2027, growing at a CAGR of 11.9%.

“No B.S. Skincare’s unique approach to its portfolio is a perfect fit to fuel PureK Holdings’ holistic wellness growth strategy,” said Kathy Casey, CEO of PureK Holdings Corp. “We see synergies in our joint mission to democratize plant-based wellness through the powerful combination of nature and science. Their extremely talented team will indeed expand our expertise and capability.”

As previously disclosed on December 22, 2020, the Company secured $10 million in loan financing under the Federal Reserve’s Main Street Lending Program. The loan provides PureKana LLC with low-cost capital to grow its business in its core CBD and evolving wellness products both within the US as well as within select international markets. For more information, please see the Company’s news release dated December 22, 2020.

About PureK Holdings Corp.

PureK Holdings Corp. indirectly owns a 50.1% ‎equity interest in PureKana. PureKana is recognized as a Top 10 cannabidiol („CBD„) brand in the United States and has operated a ‎profitable direct-to-consumer online business since its inception in 2017. Its product lineup includes high ‎quality CBD that can be consumed in the form of tinctures, capsules, topicals, patches, and gummies. PureKana’s brand and direct-to-consumer marketing expertise has helped to establish ‎PureKana as one of the leading online CBD brands in the United States. The online presence is now being expanded into broader retail outlets, as well as into additional countries. PureKana operates legally in the ‎jurisdictions where it carries on business.‎ PureKana’s website is: https://purekana.com/investor-relations/ 

For further information:

Brian Meadows
Chief Financial Officer
‎Ph: +1 (855) 553-7441
Email: ir@purekana.com

Daniel Nussbaum
Media and Investor Relations
Ph: +1 (917) 232-8960
Email: Daniel@amwpr.com

Forward-Looking Information

Certain statements contained in this news release constitute „forward-looking information” and „forward-looking statements” as such terms are used in applicable Canadian securities laws. Forward-looking statements and information are based on plans, expectations and estimates of management at the date the information is provided and are subject to certain factors and assumptions, including, that the Company’s financial condition and development plans do not change as a result of unforeseen events and that the Company obtains regulatory approval. PKAN’s obligation to close will be subject to TSX Venture Exchange approval and standard closing conditions for transactions of this nature, including, among other things, (i) accuracy of representations and warranties and compliance with covenants and obligations, (ii) no material adverse effect, (iii) the absence of litigation, restraining orders, injunctions or other legal restraints and (iv) receipt of required regulatory and third party consents, legal opinions, officers’ and secretary’s certificates, (v) signing of employment agreements, or approval of existing employment agreements with key individuals as determined by Purchasers (which employment agreements will include non-competition and non-solicitation restrictions, among other provisions), (vi) other customary closing documentation and conditions. Forward-looking statements and information are subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking statements and information. Factors that could cause the forward-looking statements and information in this news release to change or to be inaccurate include, but are not limited to, the risk that any of the assumptions referred to prove not to be valid or reliable, that occurrences such as those referred to above are realized and result in delays, or cessation in planned work, that the Company’s financial condition and development plans change, and delays in regulatory approval, as well as the other risks and uncertainties applicable to the CBD industry and to the Company, as set forth in the Company’s Filing Statement in respect of its qualifying transaction filed under the Company’s profile at www.sedar.com. The Company undertakes no obligation to update the forward-looking statements and information, other than as required by applicable law.   

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the ‎policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press ‎release.‎

Warning Letter Sent To CBD Products Maker – happi.com

Wellness BioSciences Rx, Houston, TX, has been sent a warning letter by the FDA following a review of its website at https://wbrxglobal.com in September and December 2020, where it sells products containing cannabidiol (CBD), as well as social media channels.
The products cited included an inhaler, soft gels and drops as well as WBRx Relief Balm CBD, a topical product.
According to FDA, the claims on the website and social media website establish that the firm’s CBD products are unapproved new drugs sold in violation of sections 505(a) and 301(d) of the Federal Food, Drug, and Cosmetic Act (the FD&C Act), 21 U.S.C. 355(a) and 331(d). Furthermore, these products are misbranded drugs sold in violation of section 502(f)(1) of the FD&C Act, 21 U.S.C. 352(f)(1). 

How to Choose the Perfect CBD Product – STL.News

(STL.News) You may have heard about CBD and its benefits over recent years, as it has become increasingly popular with people from all walks of life.  Many people know someone who has used CBD and enjoyed its benefits but have not yet tried it for themselves.  Well, if you want to enjoy these benefits by trying CBD, one thing to bear in mind is that there are lots of different products that you can choose from.  All you need to do is decide which product is the right one for your needs.

From CBD oil and CBD gummies to capsules and topical products, you will have plenty of different options you can choose from.  There are also products that cater to all budgets and needs, which makes it easier to find the ideal product for you.  As a newbie to the world of CBD products, you have to take some key factors into consideration to help you to make the right choice.  In this article, we will look at some of these factors.

Main Points to Consider Before Choosing

There are various points you should take into consideration to help you to choose the right product for your needs.  One of the things you need to look at is the type of product you wish to use, as there are lots of different ones that you can consider.  Some people prefer the convenience and ease of drops and tinctures while others like the delicious taste of CBD edibles.  Some like to use topical CBD products and bath additives whereas others prefer the simplicity of capsules.  You will find plenty of options you can choose from.

Another thing you need to consider is the cost of the CBD products, as the price can vary based on a range of factors.  This depends on where you purchase from, the manufacturer, the type of product, and the quantity you choose.  Make sure you work out your budget, and you can then ensure you find products that fit in with your budget.  However, make sure you focus on purchasing high-quality products rather than focusing on price alone, as you need to ensure you find products that are safe and effective.

One additional thing you should do is to look at some reviews from others who have already purchased and tried the same product you are considering.  This will make it a lot easier for you to choose the right product, as you can make a more informed decision based on what other people have to say.  You will also be able to learn a lot more about the product by looking at the past experiences of others, and this means that you can make your purchase with greater confidence.

Taking these tips on board means that you can more easily decide which CBD products are right for you, and you can then look forward to enjoying all the benefits that these products have to offer.

There’s A Recall In Canada For Beef & Bison Jerky That Was Contaminated With THC – Narcity Canada

With this beef and bison jerky Canada recall, there’s a possibility that the food has been contaminated with the psychoactive ingredient in cannabis.

The government of Yukon put out a notice that the jerky from local business Off the Hook Meat Works is being voluntarily recalled.

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Yukon residents who may have purchased beef or bison jerky, produced by a local business, Off the Hook Meat Works, are being advised to avoid eating any of these products.

Government of Yukon

People have been told to not eat these products because of the possible contamination.

There have been complaints from people who have eaten the jerky and felt nausea, numbness, stumbling/difficulty walking, high heart rate and/or dizziness.

Some people were assessed at a hospital and through tests, traces of THC were found in their systems.

The products have been removed from store shelves locally and the RCMP is investigating this.

Recently, quite a few food products have been recalled in Canada because of possible listeria contamination and even ceiling fans were recalled because the blades flew off.

*Cover photo used for illustrative purposes only.

New Phase Blends Announces Breakthrough Discovery in Using CBD for Energy – PRNewswire

WEST PALM BEACH, Fla., Dec. 31, 2020 /PRNewswire/ — Dale Hewett, owner and CEO of New Phase Blends, is at it again. Some call him the mad scientist of the CBD world, and for good reason.

His latest development comes in the form of blending synephrine, a naturally occurring alkaloid, with a CBD-rich hemp extract. This mixture is then blended with medium chain triglyceride oil that acts as what’s known as a carrier oil.

Hewett claims this specialized CBD formulation will aid in the enhancement of energy, focus, and other types of cognitive functions. „Since it’s non-caffeinated, you are avoiding the dreaded crash phase that comes along with several other energy enhancing products on the market.”

„Everyone seems to think that CBD is only able to help relax you or mitigate in pain management. There is evidence supported by studies that shows CBD, in low doses, can actually serve as a stimulant,” says Hewett.

’Go’ is the name of this specialized formulation of CBD for energy and focus enhancement. Using the formulation mentioned above, Go aims to bring a whole new niche to the CBD marketplace, and that’s using CBD to promote natural energy levels.

New Phase Blends sells other blends at their online CBD shop, too. Their sleep aid, appropriately named 'sleep’, helped set the conditions for them to become a recognized name in the CBD world. Hewett actually filed a non-provisional patent on this CBD-based sleep aid with the United States Patent and Trademark Office.

What will New Phase Blends come up with next? They seem to be on the leading edge when it comes to product development for hemp-based items.

„Every CBD store, more or less, is selling the same exact product. While this isn’t necessarily bad, it’s also not necessarily good for these business owners. I truly believe that CBD is an excellent natural supplement, but it works best when paired with other natural compounds. Many people are missing this key trait in cannabinoids,” says Hewett.

Media contact:
Dale Hewett
[email protected]

SOURCE New Phase Blends