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22nd Century Group Inc (NYSEAMERICAN:XXII) Unveils Its New Low Nicotine Tobacco Products

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It was today that 22nd Century Group Inc (NYSEAMERICAN:XXII) disclosed that it had plans underway to expand its proprietary lines of VLN™ .By exclusively licensing from North Carolina State University (NCSU) a number of plant lines which adapt to a wide range of growth conditions. The business guru hopes to scale higher in a rather competitive market.

Low Nicotine tobacco plant lines

The good thing about the newly licensed species lies in the fact that they are quite pure in nature. And a person well conversant with the matter has outlined that they will be serving as a compliment for the current products of the company which are associated with quite minimal nicotine levels.

The fact that this Very Low Nicotine tobacco plant lines arise from several generations of plantings which produced stable crop lines is what makes them commercially viable from the onset.

As per this moment in time, 22nd Century has its eye fixed on the advancement of its trusted tobacco technology and is hoping the addition of the non-GMO tobacco varieties is a step towards the right direction.

Efforts to comply with FDA

The FDA is making efforts targeted at lowering the levels of nicotine in most of the combustible cigarettes that are being sold in different parts of the U.S. With the Low Nicotine plant varieties, the company will be able to comply with FDA’s objective.

There are a number of countries around the globe where the   use of genetically modified crops is restricted. And reports indicate that the pure nature of these tobacco varieties will lead to its sale even in such countries.

The Company’s Vice President of Research and Development Dr. Juan Tamburrino opined, “The results of this transaction with our research partner, NCSU, meaningfully enhances 22nd Century’s already impressive intellectual property portfolio.“

This business guru is looking forward to being added to the Russell 2000, Russell 3000, and Russell Global Indexes as it continues working on the formulation of strategies that will see it become more competitive in the near future.

BUSINESS

Cresco Labs Inc (OTCMKTS:CRLBF) Posts Revenues Of $66.4 Million In Q1 2020 On Improved Retail Efficiencies And Cultivation

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On improved cultivation and efficiencies in retail in Pennsylvania and Illinois, Cresco Labs Inc (OTCMKTS:CRLBF) has realized earnings of $66.4 million (up 60%) in Q1 2020.

Accomplishments

Cresco completed the cultivation facility on April 16, 2020, in Lincoln, Illinois, and added 180,000 Sq. Ft. of greenhouse and indoor space. The overall cultivation space of Cresco surged to 215,000 Sq. Ft. in all the three facilities in Illinois.

Cresco also completed an additional cultivation space of 66,000 Sq. Ft. on May 7, 2020, in Pennsylvania and improved the capacity by almost four times. The company inaugurated adult-use dispensary based in downtown Chicago on May 28, 2020.

Developments in California

Cresco has taken over CannaRoyalty Corp, which is conducting business as Origin House, on January 8, 2020. The acquisition helps the company to enter in the Californian market and enhance its presence. Co-founder and CEO of Cresco, Charlie Bachtell, said the acquisition of Origin House catapults Cresco into the legalized cannabis markets worldwide. It will also gain expertise in brand development and wholesale distribution and improve dividends for the shareholders going forward. He also said the skilled indoor cultivation arm of Origin House helps the company outperform the market in terms of yields and quality metrics.

Following the takeover, Cresco will induct CEO and Chairman of Origin House, Marc Lustig, into its director board. The appointment is subject to the receipt of regulatory approvals in the US. Cresco can now sell its products to more than 575 dispensaries and account for 60% of storefronts in California.

In California, the company unveiled Mindy’s edibles on February 4, 2020. These edibles boast quality and unique ingredients together with iconic flavors. Mindy’s also introduces its best selling gummies in six flavors in California.

Obtains legal approval to acquire Hope Heal Health

Cresco signed a pact to take over Ohio based four operating dispensaries on May 26, 2020. In New York, the company opened 4 Sunnyside dispensaries on February 27, 2020. The company also mobilized funds and obtained legal clearance to takeover Massachusetts based Hope Heal Health on February 7, 2020.

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Helix TCS Inc (OTCMKTS:HLIX) Posts Revenues Of $4.6 Million In Q1 2020

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Helix TCS Inc (OTCMKTS:HLIX) improved Q1 2020 revenues by 35% to $4.6 million. The software has contributed revenues of $2.8 million (up 30%). The company extended several state contracts in Q1 to boost revenues. It also extended the global presence to the Netherlands and South Africa.

Signs a pact with Hypur

Helix signed an accord with Hypur Inc to help each other’s clients’ networks by providing financial capabilities and operational logistics. Cannabis businesses can benefit from these two companies to maintain compliance and satisfy the evolving conditions like delivery and curbside pickup and meeting the growing demand from customers.

CRO of Hypur, Tyler Beuerlein, said the company will continue to establish partnerships to provide sophisticated technology, and resources to Cannabis companies to improve their businesses.

Convenient Payment Systems

Hypur will provide digital payment products to the cannabis retailer network of Helix BioTrack. Cannabis businesses can enter an alliance with Hypur and use its digital Hypur Pay system and provide a convenient and safe payment system.

The compliant and reliable technology of Hypur minimizes cash handling and eliminates the need to visit an ATM. It prevents physical contact at the checkout and protects from coronavirus risk. Therefore, customers can use contactless payment system of Hypur for curbside pickup, delivery, and in-store purchases.

Chief Operating Officer of Helix Biotrack, Moe Afaneh said its team is skilled in providing an easy to use experience for the cannabis businesses because several merchants are incorporating changes given COVID-19 pandemic.

Extends two traceability contracts in North Dakota and New York

Helix Biotrack extended the two government traceability contracts in the states such as North Dakota and New York. The company introduced the next version of traceability services in New Mexico and Arkansas. Helix also plans to deploy sophisticated patient registers. Over 99.99% of uptime record is maintained in the solution offered by Biotrack. Best-in-class security features are incorporated in traceability software.

New Mexico and Arkansas have installed patient registry solutions that comprise portable patient ID cards and online application/ control. Both the states will provide hassle-free service for patients, improved approval time, and lower costs.

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Amfil Technologies Inc. (OTCMKTS:FUNN) Provides Updates On Reopening Snakes & Lattes Locations And Safety Measures Implemented

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Amfil Technologies Inc. (OTCMKTS:FUNN) has provided updates to shareholders regarding the Snakes & Lattes subsidiary and location reopening as well as the new safety procedures the company has implemented.

Following government regulations on combating the spread of COVID 19, the company had temporarily closed its physical Snakes & Lattes outlets in Ontario and Toronto as well as the fourth location in Tempe, Arizona. This was to combat the spread of the virus and protect customers and employees.

Amfil to reopen Snakes & Lattes Arizona

The company is now gearing up to reopen the Snakes & Lattes Tempe, Arizona location after restrictions in the state were lifted. On May 11, 2020, authorities in the state gave restaurants the go-ahead for their reopening, and the company is also preparing to reopen the location in Arizona, and employees have been trained on new safety procedures and protocols. Amfil indicated that from their observation, there has been incredible attendance at local locations, which has given the company confidence to move forward with the reopening.

Amfil told shareholders that they are expecting to reopen Toronto locations later this month, depending on the government’s authorization. During the period when the company had shuttered its locations temporarily, it received assistance from the US government through the PPP program and from the Canadian government through CEBA, and they expect more.

Amfil enhances safety protocols

According to the infection prevention and control measures (IPC), Amfil has a three-phased approach to opening for minimizing risk to customers and employees, exercising caution, and combating the spread of coronavirus. The phases include the first phase, which will be for delivery and takeout services only; the second phase will be opening for regular business but fewer hours and the final phase will be opening fully for business.

In all the phases, the company has included cleaning as well as sanitization measures and protocols. Also, the company will have more staff helping in cleaning protocols and increasing frequency of cleaning traffic areas like entrances, restrooms, and checkout counters heavily.

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