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WeedMD Inc (OTCMKTS:WDDMF) Will Produce Revity CBD Products And Ship To Fire & Flower Stores: Enters A Production And Distribution Accord With MM Technology

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WeedMD Inc (OTCMKTS:WDDMF) entered a pact to produce Revity cannabidiol products for Fire & Flower Stores.

As per the terms of the agreement, the company will manufacture these products at its CX Industries, a state of the art extraction center, and ship Fire & Flower stores located in Saskatchewan.

New opportunities for WeedMD

CEO of WeedMD, Angelo Tsebelis, said the company is excited to partner with Fire & Flower to manufacture Revity CBD products. It will open additional opportunities for WeedMD because Fire & Flower intends to enter new markets and introduce innovative product formats.

WeedMD expects to maintain a long term relationship with Fire & Flower because the extraction business of its CX Industries focuses on developing premium quality concentrates using trichome-rich biomass.

CEO of Fire & Flower, Trevor Fencott, said the company is excited to introduce its brand focused on wellness benefits to satisfy the demand in the underserved market of well-regulated cannabidiol products. He further said the company plans to cash the reputation of WeedMD in producing high-quality products. After the launch of the Revity brand in Saskatchewan, Fire & Flower intends to expand across the nation.

Enters an exclusive licensing pact

WeedMD entered a license, distribution, and manufacturing agreement with MM Technology Holdings, LLC. Under the agreed terms, the company will produce Mary’s medicinal products at its CX Industries extraction hub. It will also engage in the marketing and distribution of Mary’s Medicinal Products for adult-use across Canada. The company will also embrace direct consumer medical channels because it plans to serve the unaddressed medical and wellness markets. Mary’s product line comprises transdermal patches, gels, and topicals.

CEO of Mary’s Brands, Jacques Panis, said the company is excited to enter into an alliance with WeedMD and the extraction team at CX Industries because it embarks on expanding its Medicinals brand into Canada.

WeedMD reported a stellar sequential growth of 327% to $12.2 million in Q2 2020 compared to $2.9 million in Q4 2019. On an annual basis, the company posted a robust growth of 265%. Angelo said the company posted better results because of improved availability of products, enhanced brand recognition, and increased customer base efforts.

[optin-monster-shortcode id="lt2ftjs5qhrst1pzmmap"] *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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Companies Strengthening Leadership Position: Stock to Watch Aleafia Health Inc (OTCMKTS: ALEAF) and Item 9 Labs Corp (OTCMKTS: INLB)

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Aleafia Health Inc (OTCMKTS: ALEAF) and Item 9 Labs Corp (OTCMKTS: INLB) were looking to hire the senior position to support the company’s growth plan. As a result, Aleafia Health Inc (OTCMKTS: ALEAF) announced the appointment of its Chairman. On the other hand, Item 9 Labs Corp (OTCMKTS: INLB) hired several candidates in its strategic management team to support its growth.

New Chairman to support sustainable growth

Aleafia Health Inc (OTCMKTS: ALEAF), leading players in cannabis wellness products globally, announced the appointment of Mark J. Sandler as Chairman. Sandler is the longest-serving member of Aleafia Health’s board and was head of its Governance Committee. He is a leading trial and appellate lawyer. Besides this, he is also an adjudicator and mediator in regulatory matters, including securities litigation. Further, Mr. Sandler has served three terms as an elected member of the Law Society of Ontario’s governing body. 

The company is well placed to continue on its sustainable growth story. The company has marked its presence in the cannabis wellness product segment globally, from a start-up to a leading global company. In line with the company’s vision, the board under the leadership of Mr. Sandler will prioritize strong cooperative governance and sustainable growth in the medical and international markets.

Strengthening the strategic management team to support its growth

Item 9 Labs Corp (OTCMKTS: INLB) announced that the company hired several potential candidates to support its franchise expansion. The company is a vertically integrated cannabis dispensary franchisor. The company stated that they have successfully opened its first franchisee in Boulder, Colorado. To expand its franchisee, the company has hired Tracy Timko, as a Director of Franchise Support, Erica Tarnowski, as a Franchise Development Manager, Mike Keskey II as a General Counsel, Shabrina Glass as Executive Assistant. The company stated the new team is expected to add tremendous value to its growth and enable the company to scale its brands to their full potential. Besides this, the company is also looking for a potential candidate for several other senior-level positions to drive its vision.

[optin-monster-shortcode id="lt2ftjs5qhrst1pzmmap"] *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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Skye Bioscience Inc. (OTCMKTS: SKYE) Adds Praveen Tyle to the Board of Directors as Medical Marijuana, Inc.’s (OTCMKTS: MJNA) Subsidiary Kannaway Joins Influential Japanese Groups in the Hemp Industry

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It seems the recent approvals of cannabinoid-based therapies are still not enough. According to Skye Bioscience Inc. (OTCMKTS: SKYE), they have just scratched the surface of the potential of how modulation of the ECS can impact health. So the biotech is quickly intervening. Thanks to its advanced technologies, which represent a scientific approach to realizing the pharmaceutical potential of cannabinoids. THCVHS is the company’s lead program and is focused on treating glaucoma an illness, which causes irreversible blindness. 

In its endeavor to scale up its operations, Skye has added Praveen Tyle to its Board as an independent director. The current President and Chief Executive Officer of Invectys, Inc. boast over 35 years of experience in the pharmaceutical industry. 

“…with expertise originating from a deep scientific foundation, Praveen has extensive cross-functional experience working with companies at various stages spanning big pharma through start-up biotech…,” CEO and Chair of Skye Bioscience, Punit Dhillon commented

Given his academic insight in clinical development, manufacturing, regulatory, and business development, Dr. Tyle will have the noble task of taking Skye to the next level of success in ophthalmic innovations and drug delivery. Besides, he has a wealth of industry exposure in multiple disease areas, including ocular disorders. 

Kannaway Joins Two of the Leading Hemp Industry Organizations in Japan

Admission into some of the influential groups within an industry comes with honor. Kannaway, a subsidiary of Medical Marijuana, Inc. (OTCMKTS: MJNA), understands exactly what this means. The network sales and marketing company is now part of the influential groups in the Hemp industry in Japan; Hokkaido Industrial Hemp Association (HIHA) and Association for Japan Cannabinoid (AJC). 

The company became an ambassador of tetrahydrocannabinol (THC)-free cannabidiol (CBD) products for personal in 2019. And since then, it has encountered potential growth opportunities. Hence, it will become one of the beneficiaries of the Japanese CBD market, which is rapidly expanding and is positioned to reach $5.3 billion by 2025.

According to Kannaway® CEO Blake Schroeder, their mission is to expand the rights for all citizens in Japan, whereby they can have easy access to hemp and hemp-derived products. 

[optin-monster-shortcode id="lt2ftjs5qhrst1pzmmap"] *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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Trulieve Cannabis Corp (OTCMKTS: TCNNF) Expands its Footprint into the Southeast Hub; Thanks to a Production License Approval in Georgia

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The emergence of new products in the cannabis industry is a growing trend and is contributing immensely to the accessibility of cannabis. Additionally, the continued removal of legal and regulatory barriers is placing the industry in a position of expansive growth. These and other similar happenings will work in favor of the likes of Trulieve Cannabis Corp (OTCMKTS: TCNNF). 

The “seed-to-sale” company in the U.S. is also the first and largest fully licensed medical cannabis company in Florida. It distributes its in-house products in the state as well as directly to patients via home delivery. Today, it is a leading and top-performing cannabis company and has extended its services to Georgia. The approval of a production license Trulieve has solidified its presence in the Southeastern hub in the U.S. In addition, the license will facilitate the establishment of indoor cultivation and manufacturing facility in Adel.

Identifying and Developing Attractive Market Opportunities

As one of the oldest multi-state operators, Trulieve has established a strong track record. Thanks to solid foundations. Its approach and entry into the Georgia market explain its commitment to build the broadest patient access to medical marijuana in the state. 

“As the largest cannabis company…We strive to invest in underserved communities, source local materials and labor wherever possible, and be a good neighbor and partner everywhere we operate and this is what we intend to bring to the town of Adel and to Cook County…,” the company’s CEO, Kim Rivers reported

Trulieve has established a partnership with Harvest Health & Recreation Inc. through a deal worth $2.1 billion in other news. Rivers confirms that this is the largest and most exciting acquisition within the industry and will help them propel forward with an unparalleled platform for future growth. 

The two companies will bring together their capabilities to scale their businesses, innovation with an unparalleled platform for future growth. Additionally, the partnership allows Trulieve to access the Arizona market. 

[optin-monster-shortcode id="lt2ftjs5qhrst1pzmmap"] *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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