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Bhang Inc (OTCMKTS: BHNGF) Inks Amended License Agreement For Its THC-Infused Chocolate Products

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Bhang Inc (OTCMKTS: BHNGF) recently announced to have entered into an Amended License Agreement with Indiva Limited, a licensed Canadian producer for quality and innovative range of cannabis products. This Agreement was inked through the company’s operating subsidiary Bhang Corporation. Bhang has initially interested in the Joint Venture Agreement with Indiva in April 2018, which now stands terminated. 

The new Agreement entitles Indiva for the exclusive manufacturing and distribution rights of selected Bhang THC-infused chocolate products in Canada. It also entitles Indiva to the non-exclusive right for the international exports of these products. In addition, this Agreement entitles Bhang to an upfront licensing fee and a royalty on net sales revenue. 

Comments from the leadership

Bhang’s President and CEO, Jamie L. Pearson, mentioned that the Amended License Agreement with Indiva has solidified our joint operational ability and expressed that it will be a true win-win for both companies. Pearson further added that the partnership with Indiva has helped establish Bhang as Canada’s top edible brand since the company’s launch in Canada six months ago. 

Niel Marotta, President, and CEO of Indiva, also expressed that his team is looking forward to work with the Bhang as their Canadian licensee and continue the production and distribution of Canada’s leading cannabis-infused chocolate brand. 

Bhang’s Canada ambitions

Bhang offers an extensive portfolio of 50 plus master-chef crafted cannabis, CBD and terpene products. Some of these include CBD isolate, pre-rolls, gourmet chocolates, and HempsticksTM. In addition, the company’s chocolate brands hold the first two positions among the top-selling edibles of Canada. 

Its cannabis-infused chocolate flavors include dark chocolate, fire dark chocolate, toffee dark chocolate with more than 65% cocoa content, milk chocolate, cookies & cream white chocolate, and many more. 

Indiva, through the numerous partnerships, joint ventures, and license agreements, products and distributes Bhang® Chocolate, Ruby® Cannabis Sugar, and Sapphire™ Cannabis Salt, amongst others. Its range of offerings includes flowers, pre-rolls, capsules, and edible products. The company has reported its 1Q2021 results with CAD 5.53 million increase in net revenue from edible products and a record net monthly revenue in March 2021. 

*Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.
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BUSINESS

Medical Marijuana Inc.’s (OTCMKTS: MJNA) Subsidiary Kannaway Saw Highest Revenue Growth In Japan and Appoints Sales VP

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Medical Marijuana Inc. (OTCMKTS: MJNA) has announced that its subsidiary Kannaway’s Japanese division saw the most significant revenue month in September in its history.  Also, Medical Marijuana’s production subsidiary witnessed the largest revenue month in its history.

Medial Marijuana expanding globally 

CEO Blake Schroeder said, “When asked what the greatest opportunity for our Company is, I always share that we aim to be the first truly global cannabis company, bringing cannabinoid-based products to global emerging markets, and Japan’s success is the perfect illustration of that vision in reality. The Asian market represents one of the largest growth opportunities for cannabis products. It is relatively untapped and our entrance just over two years ago easily positioned us with a first-mover advantage.”

Schroeder added, “Beyond Japan, we recently announced our entrance into Hong Kong, where a population of around 7.5 million people has historically had minimal to no access to cannabis-based products. We have successfully garnered that same first-mover advantage as we did in Japan and I am excited to see the results of that market expansion in the coming weeks and months.”

Lennon Ledbetter appointed Kannaway VP sales 

Kannaway has appointed Lennon Ledbetter to the Vice President of Sales. Ledbetter is among the leading achievers in the direct sales industry with a robust record in revenue generation.

Ledbetter said, “Kannaway checks all these boxes by helping people all over the world gain access to the highest quality cannabidiol (CBD) products on the market, as well as conveying the opportunity to thousands to get involved in owning a piece of the growing cannabis industry. It’s an honor to be invited to join a team that has pioneered so many things within the cannabis and hemp industries, and one that aims to continue doing so with its charitable partnerships, international expansion, and one that is truly focused on building leaders who are inspired to attain their dreams.”

*Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.
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GrowGeneration Corp (NASDAQ: GRWG) Appoints Equal Adams To Board, Neptune Wellness Solutions Inc. (NASDAQ: NEPT) Appoints Interim CFO

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GrowGeneration Corp (NASDAQ: GRWG) has announced the election of Eula Adams to its board of directors. Adams most recently served as Neuromonics CEO and has previously served as COO and president of computer hardware design and distribution company Xcore Corporation.

Eula Adams joins GrowGeneration  Board 

Darren Lampert, GrowGenerations CEO and Co-founder said, “We can’t be more pleased to welcome Eula to the GrowGen board after a long process in which we evaluated a number of qualified candidates’ ability to meet the demands of the Company’s board today and into the future. We believe that Eula’s strong background in technology, operations, and finance, as well as a proven track record in driving business growth will add tremendous value to GrowGeneration.”

Adams commented, “I admire GrowGen for its ability to drive expansion while remaining committed to serving every community it touches. I have immense respect for the Company, the board members and the GrowGen team, and I look forward to working with them on the future growth and development of the Company.”

Neptune appoints interim CFO

Neptune Wellness Solutions Inc. (NASDAQ: NEPT) has appointed Randy Waever as its Interim Chief financial officer and Retained Toni Rinow as COO.  Weaver has had a successful record leading various CPG firms as a senior executive.

Michael Cammarata, Neptune CEO, said, “We are thrilled to have Randy join our executive team and leverage his expertise in scaling businesses to manage Neptune’s growth with a focus on profitability. With the separation of our CFO and COO roles, we are well-positioned to maximize shareholder value through operational execution and cost structure improvements.”

Incoming interim CFO Randy Weaver said, “Neptune is at a crucial inflection point following its transformation into a growth-oriented and diversified CPG company. As we accelerate our topline momentum across several verticals, my focus will be on managing profitability and unlocking areas of opportunity within Neptune while we penetrate exciting new markets.”

*Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.
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The Tinely Beverage Company Inc. (OTCMKTS: TNYBF) Resolves Dispute With A contractor For Long Beach Facility

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The Tinely Beverage Company Inc. (OTCMKTS: TNYBF) has announced that it will install an upgraded mini line in the Long Beach facility as part of its comprehensive resolution of the dispute with a vendor for the Long Beach Facil

ity. 

Tinley settles complaint with contractor 

In July last year, one contractor that was retained by the engineering company managing the Long Beach facility buildout filed a third-party complaint against the engineering firm.  The complaint was associated with the work the contractor had carried at the facility. Although Tinley was not part of the contract, it was named and its landlord in enforcing the mechanics lien placed on the facility. Thus, a dismissal with prejudice is already filed on behalf of the company, its affiliates, and the landlord.

According to the settlement terms, Tinley paid the contactor a reduced payment on behalf of the engineering in return for an agreement to install and supply an upgraded mini line at the facility at a discount. As a result, Tinley believes the total cost of this settlement related to dismissal and discounted mini line has been contracted at a lower price than what the company could have incurred if it had acquired and installed the mini line through other vendors.

Tinley closes non-brokered private placement 

Recently Tinley closed a non-brokered private placement of 12.44 million units for gross proceeds of around $1.866 million.  Out of the units sold in the Offering, Richard Gillis, who was appointed recently to the COO and president of Tinley’s USA, subscribed for one million units. Gillis’s investment increased his position to 2 million common shares.

Gillis said, “I made this investment to demonstrate my confidence in Tinley’s growth trajectory. Our canning line nearing completion provides us with our third packaging production option, and our tunnel pasteurizer plus the additional upgrades we are now engineering allow us to offer a broad menu of paths to production to satisfy Q4 customer demand.”

*Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.
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