AxisWire Archives - Green Market Report

StaffStaffOctober 16, 2018
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4min200

Retail Cannabis Manufacturer’s Concentrate Oil Named Leading Product Among People’s Choice, Connoisseur Contenders

Denver, Colorado – Oct. 16, 2018 /AxisWire/ Ascend Industries, LLC., a Colorado retail cannabis products manufacturing company, announces triumph at last month’s Denver-based 2018 THC Championship sponsored by HC Magazine. The premium cannabis oil company claimed notoriety within the recreational market in seven award categories, including First Place Best Overall Vape Cartridge.

“Recognized as a trusted resource for all things cannabis, HC Magazine’s THC Championship is a meaningful cannabis awards circuit that levitates category winners as the best of the best,” said Jim Biviano, Founder and Owner of Ascend Industries, LLC. “Contenders in all award categories are serious players, especially within the highly competitive concentrate product segment of the cannabis industry.”

The THC Championship is an annual awards program created by HC Magazine to recognize the leading products and companies within the cannabis community in Colorado. At this year’s 7thannual event, more than 20 categories across flower, concentrates, edibles and CBD were assessed by a host of dedicated cannabis consumer judges. All categories, apart from edibles, were judged blind to remove any potential for brand biases. Category competitors were prohibited from sponsoring the competition.

Ascend Industries, LLC won the following THC Championship categories:

  • First Place Best Overall Vape Cartridge
  • Connoisseur’s Choice Vape Cartridge
  • People’s Choice Vape Cartridge
  • First Place Best Overall CBD Concentrate
  • Connoisseur’s Choice CBD Concentrate
  • People’s Choice CBD Concentrate

The company was also named in the Best Overall award category:

  • Best Overall, Third Place – Durban Poison HTE Cartridge
  • Receiving the third highest overall score across all category entries

“Sweeping the most competitive and fastest growing category in cannabis has us feeling euphoric,” said Biviano. “Ascend set out to develop a vape cartridge as potent as a dab, yet with more single-strain terpene flavor than users have ever tasted before. Our hard work is recognized with this award and by being named the leader in this category.”

Ascend Industries, LLC was established in 2016 as a retail manufacturer of responsibly extracted and craft-distilled cannabis concentrates featuring all-natural, terpene-rich and potent oil profiles. For more information about Ascend’s premium cannabis oil, visithttp://ascendcannabis.co/. The company represents a cannabis health lifestyle movement and untapped market opportunity in Colorado’s $1.3B Recreational cannabis economy.

About Ascend Industries, LLC

Ascend Industries is a Colorado Retail Marijuana Products Manufacturing company, wholesaling Vape cartridges, High Terpene Extracts, High CBD Extracts, and other wholesale cannabinoid products. Our products feature pure, all-natural marijuana concentrate oil for an emerging population seeking a modern cannabis experience. Ascend currently works with dispensaries, third-party marijuana product manufacturers and cultivators. For more information, visit http://ascendcannabis.co/.


StaffStaffOctober 11, 2018
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16min980

Transaction Supported by MJ Freeway Owners, Including Prominent Tech Investor Roger McNamee-Implementing MTech’s Strategy to Provide Investors with Access to Cannabis Technology Sector

NEW YORK, Oct. 11, 2018 /AxisWire/ MTech Acquisition Corp. MTEC, -0.48%(“MTech”), the first US-listed Special Purpose Acquisition Company focused on acquiring a business ancillary to the cannabis industry, and MJ Freeway LLC (“MJ Freeway”), a leading seed-to-sale technology provider and developer of the cannabis industry’s first enterprise resource planning platform, announced today they have entered into a definitive merger agreement. Following the consummation of the transaction, MTech and MJ Freeway will become subsidiaries of a newly-formed holding company (“Pubco”) to be listed on The Nasdaq Stock Market.  Following the closing of the transaction, if there are no redemptions by MTech shareholders in connection with the MTech shareholder vote to approve the transaction, it is currently anticipated that the combined entity will be debt free and have over $60 million of balance sheet cash to take advantage of strategic growth opportunities.

MJ Freeway is a seed-to-sale technology provider, with more than 30% of the global cannabis technology market based on management’s estimates.  MJ Freeway has tracked more than $10 billion in sales for its clients in Australia, Europe, South America, New Zealand, Africa, Canada, and the United States in 29 states and the District of Columbia. MJ Freeway’s software, MJ Platform®, includes compliance tracking of cannabis from seed-to-sale, as well as enterprise scale business management tools across the entire supply chain. In addition, its Leaf Data Systems® software solution enables governments to track cannabis plants from seed-to-sale to help ensure patient, public and product safety.

“We built MJ Freeway to be the technology infrastructure for the cannabis industry,” said Jessica Billingsley, Co-Founder & CEO of MJ Freeway. “With access to public capital markets and additional balance sheet strength as a result of this transaction, MJ Freeway will accelerate its growth and broaden its product offering as we strive to meet the ever-expanding demands of a highly complex and heavily regulated industry.”

Current MJ Freeway investor and Senior Strategic Advisor to the Board, Roger McNamee, added, “Cannabis companies that want to be leaders are adopting MJ Platform because I believe it is the only product with the technical foundation to support multi-line and multi-location operations. MJ Freeway prepares customers to manage high growth and complexity as the industry transitions from local to global scale.  MJ Freeway’s merger with MTech will enable a smart growth strategy to capitalize on the industry’s continuing growth.”

Scott Sozio, Chief Executive Officer of MTech, commented, “We believe technology solutions that empower operators to efficiently and compliantly run their business, with tools that track the full vertical from cultivation to consumer, are critical to the industry’s long-term success.  We believe MJ Freeway provides the most robust seed-to-sale software technology available today, positioning the company for enormous growth as the legalization of cannabis expands throughout the country and the world.  We are excited for MTech to be able to invest in MJ Freeway at what we believe to be a very attractive valuation.”

“This merger will prove valuable over the long-term. Not only will it allow us to grow our current lines of business, it will accelerate our dominant market share in the cannabis SaaS space and also allow the company to make strategic acquisitions and expand its reach into related industries,” noted, Senior Partner of Batu Capital, a MJ Freeway investor, and a current board member of MJ Freeway.

Summary of Transaction

Under the terms of the merger agreement, each of MTech and MJ Freeway will merge with newly formed subsidiaries of Pubco, which itself is a newly formed subsidiary of MTech.  As a result of such mergers, MJ Freeway equityholders will receive new shares of Pubco and MTech security holders will exchange their securities of MTech for securities of Pubco.  The shares of Pubco common stock to be issued to the MJ Freeway equity holders will have an aggregate value equal to Seventy Million U.S. Dollars($70,000,000), subject to adjustment for net working capital and indebtedness of MJ Freeway (as determined in accordance with the merger agreement), with each share of Pubco common stock valued at $10.16 per share.  Cash proceeds released from MTech’s trust account, which trust account currently has approximately $58 million in cash, after any shareholder redemptions and payment of transaction expenses and other MTech liabilities, shall remain with the combined company.  MJ Freeway equityholders are rolling 100% of their equity into the combined entity.

The transaction has been unanimously approved by the boards of both MTech and MJ Freeway.  Completion of the transaction is subject to approval by equityholders of each company and certain other conditions.  The transaction is currently anticipated to close by early 2019.

For additional information about the business combination, see MTech’s Current Report on Form 8-K (including the investor presentation included as an exhibit thereto), which will be filed promptly with the Securities and Exchange Commission and shall be available at the SEC’s website at www.sec.gov.

Ellenoff Grossman & Schole LLP is acting as legal advisors to MTech.  EarlyBirdCapital, Inc. is acting as financial advisors to MTech.  Graubard Miller is acting as legal advisors to MJ Freeway.

MTech and MJ Freeway intend to hold a conference call in the near future to discuss the transaction and will issue a separate release to announce when the call is scheduled.

About MJ Freeway

MJ Freeway® is the largest global cannabis technology company having tracked more than $10 billion in sales with clients in Australia, Europe, South America, New Zealand, Africa, Canada, and the United States in 29 states and the District of Columbia. Founded in 2010 by technologists creating tech specifically for cannabis businesses, MJ Freeway’s tracking software includes inventory control and grow management applications to streamline workflow and increase efficiency. MJ Freeway’s Leaf Data Systems software solution enables governments to track cannabis plants from seed-to-sale and ensure patient, public, and product safety. MJ Freeway also offers a complete suite of professional consulting services for cannabis businesses.  For more information, visit mjfreeway.com.

About MTech Acquisition Corp.

MTech Acquisition Corp. is a blank check company formed for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities.  MTech’s efforts to identify a prospective target business will not be limited to a particular industry or geographic region, although MTech intends to focus its search on companies ancillary to the cannabis industry, with a particular sector focus that includes compliance, business intelligence, brand development and media.

MTech is led by Executive Chairman Steven Van Dyke and Chief Executive Officer Scott Sozio.

Forward Looking Statements

Certain statements made in this release are “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside MTech’s, MJ Freeway’s or Pubco’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include: the inability to obtain MTech stockholder approval of the business combination, the inability to complete the transaction contemplated by the merger agreement because of failure of closing conditions or other reasons; the inability to recognize the anticipated benefits of the proposed business combination, which may be affected by, among other things, the amount of cash available following any redemptions by MTech stockholders; the ability of Pubco to meet the listing standards of The Nasdaq Stock Market following the consummation of the transactions contemplated by the merger agreement; costs related to the proposed business combination; MJ Freeway’s ability to manage growth; the reaction of MJ Freeway’s customers and suppliers to the business combination; Pubco’s ability to identify and integrate other future acquisitions; rising costs adversely affecting MJ Freeway’s profitability; adverse changes to the legal environment for the cannabis industry; and general economic and market conditions impacting demand for MJ Freeway’s products and services.  See the risk factors disclosed in the S-4/proxy statement for the business combination for additional risks associated with the business combination.  None of MTech, Pubco or MJ Freeway undertakes any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Additional Information About the Transaction and Where to Find It

For additional information on the proposed transaction, see MTech’s Current Report on Form 8-K, which will be filed promptly.

The proposed transaction will be submitted to shareholders of MTech for their approval.  In connection with the proposed business combination, Pubco will file with the SEC a registration statement on Form S-4 for the Pubco securities to be issued to MTech and MJ Freeway security holders at the closing of the business combination, which registration statement will contain preliminary and definitive proxy statements of MTech in connection with a special meeting of the stockholders of MTech to consider and vote on the business combination and related matters.  Pubco and MTech will mail the definitive registration statement on Form S-4 containing the definitive proxy statement and other relevant documents to its stockholders in connection with the meeting. Investors and security holders of MTech and MJ Freeway are advised to read, when available, the draft of the registration statement, the preliminary proxy statement, and amendments thereto, and the definitive registration statement and proxy statement, which will contain important information about the proposed business combination and the parties to it. The registration statement and definitive proxy statement will be mailed to stockholders of MTech as of a record date to be established for voting on the proposed business combination.  Stockholders will also be able to obtain copies of the registration statement and proxy statement, without charge, once available, at the SEC’s website at www.sec.govor by directing a request to: MTech Acquisition Corp., 10124 Foxhurst Court, Orlando, Florida, 32836, attention: Chief Executive Officer.

Participants in the Solicitation

MTech, Pubco, MJ Freeway, and their respective directors, executive officers and other members of their management and employees, under SEC rules, may be deemed to be participants in the solicitation of proxies of MTech stockholders in connection with the proposed business combination.  Investors and security holders may obtain more detailed information regarding the names, affiliations and interests of MTech’s directors in the final prospectus for MTech’s initial public offering dated as of January 29, 2018 and that was filed with the SEC on January 30, 2018, and well as in any annual reports on Form 10-K that may be filed with the SEC.  Additional information regarding the participants in the proxy solicitation and a description of their direct and indirect interests will be contained in the proxy statement when it becomes available.

No Offer or Solicitation

This communication shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which the offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

Media Contact:

Jon Goldberg
KCSA Strategic Communications
Tel. 212.896.1282
Email: jgoldberg@kcsa.com


StaffStaffOctober 9, 2018
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7min740

KCSA’s Cynthia Salarizadeh also to participate in an in-depth panel discussion focused on advertising and marketing

NEW YORK, Oct. 9, 2018 /AxisWire/ KCSA Strategic Communications (KCSA), a fully integrated communications agency specializing in public relations, investor relations and social media, announced today that Managing Director Phil Carlson and Managing Partner Cynthia Salarizadeh will be speaking at this week’s New West Summit, a conference focused exclusively on the game-changing, disruptive developments in technology, science, media and investment within the cannabis space. Held from October  11th – 13th at the Marriott City Center in Oakland, CA, the New West Summit is one of the largest gatherings of publicly traded cannabis companies and international investors.

At the conference, Mr. Carlson will be co-hosting the “Public Companies Symposium” track alongside Alan Brochstein of 420 Investor and New Cannabis Ventures. Taking place on October 11th and 12th, the symposium will afford some of the top North American public companies in the cannabis space the opportunity to pitch and present to high-level investors looking for the next big thing. The stellar roster of presenting companies include: Aurora Cannabis, Inc. (ACBFF), Liberty Health Sciences, Inc. (LHSIF),  Khiron Life Sciences Corp. (KHRNF), The Green Organic Dutchman Holdings Ltd. (TGODF), MPX Bioceutical Corporation (MPXEF), Sunniva Inc. (SNNVF), Terra Tech Corp. (TRTC) , Medicine Man Technologies, Inc. (MDCL) , CordovaCann Corp. (LVRLF) and CB2 Insights (private).

“Increasing institutional investor participation is critical to propelling the cannabis industry into greater legitimacy in the capital markets, given the current state of affairs of complicated state regulations and the lack of access to more traditional banking and investment,” said Mr. Carlson.  “It’s through symposiums and events like New West Summit, that investors meet, compare ideas, discuss strategy, trade valuable insights and forecasts and truly learn from each other to succeed in this rapidly emerging global market.”

Mr. Carlson’s co-host, Mr. Brochstein, was the first investment professional to devote himself to sharing his observations about the cannabis industry from an investor’s perspective publicly. He runs 420 Investor, a subscription-based due diligence platform for investors interested in the publicly-traded cannabis stocks and is also the founder of New Cannabis Ventures, a content aggregation site focused on investors and entrepreneurs in the cannabis industry. Before shifting his focus to the cannabis industry in early 2013, Mr. Brochstein began his career on Wall Street in 1986, working as an independent research analyst following over two decades in research and portfolio management. Mr. Brochstein is a frequent source to the media, including the NY Times, the Wall Street Journal, Fox Business, and Bloomberg TV.  Alan also regularly contributes columns for Leafly and Forbes.

On October 11, Ms. Salarizadeh will participate in an in-depth panel discussion focused on advertising and marketing within the cannabis industry titled: “It’s Time to Grow Up.  Advertising and Mobile Marketing for the Cannabis Industry.” The panel will discuss best practices for cannabis companies looking to identify and reach their target audiences across a multitude of mediums including print, OTT and mobile while navigating the complicated regulatory environment.

Ms. Salarizadeh commented, “Advertising for the cannabis industry is slowly becoming more mainstream with more and larger publishers now beginning to accept cannabis advertising. With today’s consumers more mobile than ever we’re seeing a disruptive strategic shift in advertising tools and techniques to increase market awareness, including more video consumption and OTT (over the top) to reach your target audience.”

For the latest in-depth coverage on the industry, subscribe to The Green Rush, KCSA’s weekly podcast that features industry leaders talking about the business of cannabis.

About KCSA Strategic Communications
KCSA Strategic Communications is a fully-integrated communications agency specializing in public relations, investor relations, social media and marketing with expertise in financial and professional services, technology, healthcare, media, energy, cannabis and public services companies. Since 1969, the firm has demonstrated strategic thinking and program execution that drives results for its clients in the ever-changing communications and digital landscape. The firm’s clients are its best references. For more information on the KCSA Cannabis Practice or “The Green Rush,” the company’s weekly podcast on the business of cannabis, please visit our website. Or find us on the following social channels: Twitter: @KCSA_Cannabis and Instagram: @KCSA_Cannabis.


StaffStaffOctober 9, 2018
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8min360

Ngaio Bealum to Co-Host; STS9, Dirty Dozen Brass Band, Rising Appalachia, Lyrics Born, Funky Meters and the Elevaters to Join Performers Among Others

SANTA ROSA, Calif., Oct. 08, 2018 /AxisWire/The Emerald Cup (the “Cup”) one of the cannabis industry’s premier culture and awards events, announced today its next set of headlining acts and the co-host of its 15th annual cannabis celebration, taking place December 15 and 16 at the Sonoma County Fairgrounds in Santa Rosa, Calif. The Cup will continue to announce additional musical talent over the coming months.

The co-host of this year’s celebration will be Ngaio Bealum, American comedian, musician, writer, actor, activist, juggler and publisher. Ngaio co-hosted Cannabis Planet and published West Coast Cannabis Magazine, and most recently appeared on Netflix’s cannabis cooking contest show, Cooking on High.

Additional musical acts announced for this year’s Emerald Cup include New Orleans’ Dirty Dozen Brass Band, 5-piece collective of electronic musicians STS9, as well as Rising Appalachia, indie hip-hop artist Lyrics Born, American funk band the Funky METERS, Los Angeles-based soul ensemble The Elevaters, Brooklyn-based afrobeat band Antibalas, Cut Chemist & Chali 2na and Australian musician Nattali Rize.

The Emerald Cup has grown into one of the largest, most influential cannabis events of the year and features a highly-curated experience for cannabis enthusiasts from around the world. Beyond its headlining musical acts, this year’s lineup features a variety of presentations from industry experts, artists and educators. Attendees will also have access to an array of exhibitors and retailers offering food, products and entertainment. Additional musical acts and artists will be announced over the coming weeks.

“We’re thrilled with the robust and diverse lineup that the Emerald Cup team has worked tirelessly to build for this year’s celebration,” said Tim Blake, Founder and Producer of the Emerald Cup. “The Cup continues to grow each and every year, and we’re proud to host some of the most passionate and engaged cannabis enthusiasts out there. We welcome both cannabis veterans and curious newcomers to take advantage of the array of experts, artists and educators, as well as the talented musical acts.”

The annual cannabis celebration, which will be the 15th running of the Cup, will also continue its careful and elaborate judging process, which spans across multiple categories including flowers, concentrates, edibles, CO2 cartridges, topicals and a range of CBD categories. The contest intake dates run from October 15 to November 18, 2018.

Tickets are available for purchase through the Emerald Cup website, as well as ticket retailer Eventbrite. Weekend passes start at $120 and attendees must be over the age of 21. This year’s event will be a celebration of the new ways of thinking and living within cannabis culture.

FESTIVAL DETAILS
The 15th Annual Emerald Cup
Dates: Saturday, December 15, 2018 – Sunday December 16, 2018
Time: Doors open at 10 a.m. PST
Venue: Sonoma County Fairgrounds
Address: 1350 Bennett Valley Rd, Santa Rosa, CA 95404
Admission: Varies // Weekend Pass Starts at $120
Age restrictions: 21+

Purchase Links: 
General Admission
https://emeraldcup2018.eventbrite.com

​VIP Emerald Passes & Travel Packages
https://www.cidentertainment.com/events/emerald-cup/

Connect:
Emerald Cup – Website
Emerald Cup – Facebook
Emerald Cup – Twitter
Emerald Cup – Instagram

About The Emerald Cup
The Emerald Cup was created in 2003 to advance the concept of sustainable and organic cultivation through competition between the finest sun-grown organic cannabis. Its reputation is firmly solidified as the largest, most respected, organic, outdoor, medicinal cannabis competition in the world. The Emerald Cup prides itself in bringing together experts and educators in the cannabis field to our fellow farmers, patients, and patrons each year. It is a community celebration that has grown to become a global movement honoring the year’s finest, organic, sun-grown, medicinal cannabis harvest.

Press Contacts:
Annie Graf / Cynthia Salarizadeh
KCSA Strategic Communications
agraf@kcsa.com / cynthia@kcsa.com
786-390-2644 / 865-425-6160


StaffStaffOctober 8, 2018
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6min910

Las Vegas, Nevada- October 8, 2018/AxisWire/ For the first time in history, cannabis education commercials hit mainstream television. A groundbreaking media blitz campaign for the upcoming cannabis online TV network, Hmm Did You Know (HDYK) aired a number of :30 commercial spots during primetime programming on stations including BRAVO, Discovery and the History Channel in the greater LA market. The spot featured Senator Positive T.A. Nelson,a seven-term Senator from the island of St. Croix, discussing the science and economic power of medical cannabis.  The HDYK campaign suggests that standards are shifting for cannabis marketing in legal states.

The spot, created by 420MEDIA, a Seattle, NYC and Nevada-based digital marketing and media agency serving the legal cannabis industry, is the first in a series that will feature prominent voices in the cannabis industry and community.

“The rationale behind medicinal cannabis is real, the science is real, the economics behind it is real, the health behind it is real, and the opportunities behind are very real” says Senator Nelson in the spot promoting the Hmm Did You KnowOnline Cannabis Network, a collaborative effort with 420MEDIA to launch an internet based digital video service that provides insight, education, and entertainment in the world of cannabis. The network will give audiences a clear representation of the cannabis plant and industry through premium content, innovative advertising, and a personalized experience.

“This first cannabis education spot for the HDYK Network marks an important milestone for the cannabis industry. For the first time, cannabis industry commercials have now gone mainstream and we are ecstatic to reach large populations during primetime with messages on the benefits of cannabis,” says Kerri Accardi, CEO of 420MEDIA.

“We are happy to break through and deliver the message that will reach national audiences. This is the first of many slated for this cannabis awareness education campaign with other renowned and very familiar faced cannabis experts in the sports, medical and entertainment field sharing their wealth of information about benefits of medical cannabis.,” she adds.

The first spot was co-sponsored by 420MEDIA along with several cannabis-based organizations and businesses including:

Humboldt Grace, a woman-owned cannabis strategic consulting company. Founder Lelehnia Du Bois offers her 45 years of experience to educate on the cannabis culture, work with individual, businesses, and organizations to develop successful strategies, and advocate for a healthy and sustainable industry.

The Marijuana Business Association(MJBA), which has quickly established itself as one of the leading national b2b organizations in legal cannabis. Established to provide business intelligence, professional networking and new business opportunity, MJBA hosts regular industry networking meetups, boot camps and seminars in Washington, Oregon, Colorado, New Yorkand Ohiowith MJBA Massachusetts and MJBA Nevada communities scheduled to activate in 2018.

Nature Nurse, Products utilize the power of Nature and knowledge of medicine to create products that support the biological Endocannabinoid system. Nature Nurse is a beautifully blended and synergistic combination of ancient plant wisdom which has been expanded upon through science to create high-quality, easy to use products to incorporate into everyday life supporting health and well-being.

Curved Papers, founded by Michael O’Malley, an MIT-educated entrepreneur whose innovative patented designs make joints Easy To Roll.

Vital CBD: Age Vital pharmacy, research and wellness is your local community and compounding family pharmacy Sarasota. By working in the medical field closely with physicians and patients for several years, their primary commitment is to serve people who suffer from chronic conditions such as pain, inflammatory conditions, and stress.

“We did it! We can take cannabis education to the mainstream on TV during Primetime to provide facts with the cannabis industry sponsors. Literally. I’m humbled. We were able to achieve this, five years to the day my Aunt Kathy passed away on October 2nd. I promised her that that I was going to educate the world about cannabis. I encourage, and welcome cannabis and hemp businesses of any size interested in supporting cannabis education and build their brand awareness to contact us about unprecedented sponsorship opportunities,” says Accardi.

About 420MEDIA
420MEDIA offers a unique combination of full-service digital marketing services, media distribution, and industry expertise. Our team’s experience allows 420MEDIA to provide the full range of services necessary to effectively craft and execute marketing strategy in the cannabis sector. To see our recent reel and our advertising packages, please log on to http://www.420media.us

 


StaffStaffSeptember 20, 2018
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6min550

Batu Capital Investments, Cresco Capital Partners and existing investors participate in raise for the largest global cannabis tech company

Denver, CO – September 18, 2018/ AxisWire/ MJ Freeway, the company which invented seed-to-sale technology and has the cannabis industry’s first enterprise resource planning product, announced the completion of its $10 million oversubscribed Series C financing. The financing, which will accelerate MJ Freeway’s growth in advanced technological build-outs, centered around increasing new product features for businesses and governments. The round was led by Batu Capital Investments, a tech-focused multi-family office managed by Emery and Evan Huang. Cresco Capital Partners, a private equity investment firm dedicated to investing in the cannabis industry, also participated significantly.

“The industry is maturing rapidly and needs software that can handle increasing complexity, with state-of-the art functionality and data security,” said Jessica Billingsley, Co-Founder & CEO of MJ Freeway. “With adult-use permitted in 9 states and medical in 30 states, MJ Freeway is uniquely enabled to support regulation at every level. Indeed, we are — and have been — the backbone upon which the cannabis industry is built. We thank our new and existing investors for realizing the tremendous importance of our enterprise.”

“MJ Freeway’s technology is vastly superior to other offerings in the marketplace. It supports the full range of cannabis business operations – from cultivation to manufacturing to dispensary – with the industry’s first fully-integrated enterprise resource planning (ERP) product, MJ Platform,” said Emery Huang, Senior Partner of Batu Capital. “We believe MJ Freeway is the market innovator and will maintain its market dominance through a clear technological edge over the competition.”

“Cresco Capital Partners has made significant investments in the cannabis space since 2015, and we believe MJ Freeway is the clear leader in the cannabis supply chain management SaaS market, positioned for dominance,” said Matt Hawkins, Managing Principal at Cresco Capital Partners. “The company’s innovative product line and experienced management team led to our decision to invest in MJ Freeway’s unparalleled tech platform.”

About MJ Freeway

MJ Freeway® is the largest global cannabis technology company having tracked more than $10B in sales with clients in Australia, Canada, Europe, South America, Switzerland, and the United States in 23 states and the District of Columbia. Founded in 2010 by technologists creating tech specifically for cannabis businesses, MJ Freeway’s tracking software includes patent-pending inventory control and grow management applications to streamline workflow and increase efficiency. MJ Freeway’s Leaf Data Systems software solution enables governments to track cannabis plants from seed-to-sale and ensure patient, public, and product safety. MJ Freeway also offers a complete suite of professional consulting services for cannabis businesses.  For more information, visit mjfreeway.com.

About Batu Capital

Batu Capital is a multi-family office managed by Emery and Evan Huang. We look for opportunities in cryptocurrency, cannabis, and big data that constitute either game-changing technologies or are late-stage/pre-IPO enterprises that have built wide economic moats.

About Cresco Capital Partners

Cresco Capital Partners is a private equity firm that is focused on investing exclusively in the legalized cannabis space. The firm has deployed over $25MM in the industry since 2015 and is currently raising their second fund.  Fund II has made six (6) investments thus far and will close its raise at $50 million.  Led by an experienced team of private equity professionals, the firm’s principals have over 20 years of investment experience collectively within the legalized cannabis industry. 

Media Contact:

Jon Goldberg
KCSA Strategic Communications
Tel. 212.896.1282
Email: jgoldberg@kcsa.com

 


StaffStaffSeptember 12, 2018
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6min1790

Chicago, IL: On Sept. 12, 2018, Brightfield Group LLC, a cannabis market research firm, released its much-anticipated 2018 Hemp-Derived CBD Study, available on the company’s website. The company established itself as a thought leader in the CBD space last year, propelled by a Forbes headline reading: “Nearly Half of People who use Cannabidiol [CBD] Products Stop Taking Traditional Medicines” referencing a study Brightfield Group conducted in collaboration with HelloMD. Since that time, Brightfield Group has expanded the reach of its research, generating a much more in-depth hemp CBD study that covers market sizes and projections, growth drivers, product innovations, competitive landscape, regional differences, and several other elements of what now promises to be a significantly larger market. With the anticipated passing of the 2018 U.S. Farm Bill, which includes a provision that would fully and unambiguously legalize hemp and its extracts, the hemp-derived CBD market is expected to quickly go mainstream and become a $5.7 billion market by next year, and a $22 billion market by 2022 – nearly forty times its current size.

Regarding the massive growth forecasts, Brightfield’s Senior Analyst, Jamie Schau, said, “Our team works diligently to cast a realistic view of the market – we believe that blowing market sizes and growth figures out of proportion would do our customers and the market a great disservice. This year’s hemp CBD forecasts might seem like a departure from that view, but I assure you they are not. These numbers reflect the substantial changes we anticipate will follow full federal legalization of hemp-derived CBD, a prospect that is no longer a pipe dream but looking more and more likely as bi-partisan support for hemp and its extracts continues to grow. Legalization without an asterisk will be a game-changer for this market, and after reviewing hemp-derived CBD from every angle, we are excited to be the first ones reporting on the very real possibility that it will become the next major nutraceutical phenomenon.”  

Beyond the extensive updates made to Brightfield Group’s market sizes and projections and its sections on the regulatory environment, top players in the market, and characterizing the hemp CBD consumer, various new elements can be found in this year’s study, including:

  • Product Innovations by Segment
  • Pre- and Post-Legalization Distribution Channel Analysis
  • Clinical Trials and Research Review

“A few years ago almost no one know what hemp-derived CBD was, it was sold my mostly small brands of tinctures sold online and through head shops.   All of a sudden, CBD is everywhere – it is both a trendy new ingredient in drinks, face creams, pre-rolls and pet treats and an answer to the prayers of so many people suffering from medical conditions ranging from epilepsy, anxiety and chronic pain,” explained Bethany Gomez, Director of Research. ” It rides the waves of so many global food and health trends, as a substitute for opioids, towards more natural health alternatives and functional ingredients.”

“What is most notable is that this market has grown almost exclusively based on word-of-mouth, with marketing heavily restricted due to the legal gray area that hemp CBD operates in. But, if Mitch McConnell has his way, the Farm Bill will change that, officially descheduling hemp and paving the way for mass retailers and CPG companies to enter the space.  And that is what will change the game entirely. ”

About Brightfield Group: Brightfield Group offers market research insights into the legal cannabis and CBD industries, taken to the next level by a team of expert market analysts drawing on their years of experience analyzing opaque markets with the most sophisticated analytical and statistical tools available, including AI-driven consumer research. Brightfield knows that poor decisions based on faulty data can sink a business, and believes in the value of getting it right the first time. For that reason, its analysts use all the tools at their disposal to help clients avoid this fate by pinpointing the growth drivers to help them stay ahead of the curve and thrive.

Brightfield Group LLC
1212 N. Ashland Ave.
Chicago, IL 60622

(866) 395-9661

 

Media Contact:

Rich DiGregorio, NisonCo

Rich@nisonco.com

856-889-7351

 

 


StaffStaffSeptember 11, 2018
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11min1270
New York – September 11, 2018 /AxisWire/ With cannabis going mainstream by the minute, and support for legalization in the U.S. at record highs (above 60 percent, according to Pew Research Center and Gallup), an increasing amount of highly-trained, seasoned executives are getting into the cannabis industry. From NYU grads, to Yale MBAs, to former U.S. House Speakers, talent is flooding the space.
In the latest move of this kind, Entrepreneur learned exclusively that veteran media executive Michael Klein has joined medical cannabis-focused digital media company cannabisMD.com to fulfill the Chief Executive Officer position. Klein brings more than twenty years of experience in mainstream media to the table, having served as Executive Vice President of Original Content at Viacom-owned MTV, Executive Vice President of Programming & Content Strategy for Digital Channels at Condé Nast Entertainment, and as a high-ranking executive at  SundanceTV, Travel Channel, TLC and Discovery.
According to a representative of cannabisMD.com, Klein will “oversee all creative and business operations for the company, launched in April 2018 by co-founders and chairmen G. Scott Paterson and Rory Millikin.”
Why Klein?
When asked why cannabisMD.com had picked Klein as its CEO, Paterson explained that the choice was based on the exec’s experience building and growing media companies, as well as a profound editorial and creative expertise.
“We’re in the early days of an enormous cultural shift in thinking around the therapeutic and wellness benefits of medical cannabis and CBD, and a new world of consumers is looking for unbiased, quality information to help them make the right choices for their individual needs and lifestyles,” said Klein. “We want to grow cannabisMD into a one-stop destination for comprehensive information and trusted voices, presented in the most compelling ways, so consumers can be smart about determing the benefits of medical cannabis and CBD for their loved ones and themselves.”
A Growing Trend
The news of Klein joinin cannabisMD does not only respond to a trend of seasoned executives migrating into the cannabis industry, but also to another tendency in the industry: the emergence of educational resources aimed at debunking stoner stereotypes and promoting the therapeutic benefits of marijuana.
Other websites undertaking a similar endeavor include:
“I’m impressed with the volume of original content out there,” Klein said when prompted about cannabisMD’s peers. However, he added, most of the existing content “seems to focus on the adult consumption market.
Klein believes that what differentiates his company is having identified a “real need among a fast-growing, underserved audience for unbiased information on the potential benefits of medical cannabis and CBD.
“For me personally, it’s really exciting as I can apply what I’ve learned about content and storytelling to help audiences make smart, informed decisions in this rapidly emerging area of health and wellness,” he told Entrepreneur.
The ‘Deats’
By this point in the conversation, we’d discussed the quality of cannabisMD’s content extensively. However, we still didn’t have a clear picture of the kind of programming the site will be creating, and what the actual reach will be.
“At the heart of cannabisMD is storytelling — from doctors and researchers sharing their latest findings; to myth-busting videos that educate and surprise; to personal stories and experiences of individuals from all walks of life,” Klein anwered. “This is urgent, timely programming on the potential benefits of medical cannabis and CBD that is honest, authentic, unfiltered and unbiased.
“As we strive to create a safe environment for consumers and brands, we do not see any barriers to distribution,” he supplemented.
By means of conclusion, the new CEO mentioned that cannabisMD has a unique opportunity to “become the authority for premium, unbiased content in the fastest growing space in health and wellness.
“Cannabis can be a provocative, intimating subject, but there’s no reason it has to be,” he said. “We’re creating a safe environment for consumers to explore this space and make choices that are right for them while brands can use the platform to reach this fast-growing, premium audience.
“Health and wellness has never been more important to consumers, and cannabisMD will seek to drive the cultural conversation around the emergence of medical cannabis and CBD with the help of some of the best thinkers and creators in the space.”

StaffStaffSeptember 11, 2018
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8min1360

Ten New Investments Since Initial March 2018 Fund Close

New York – September 11, 2018 /AxisWire/ Altitude Investment Management, LLC updated the market today on its fund Altitude Investment Partners, LP’s recent cannabis industry investments. During the period of March through August 2018, Altitude invested in ten companies: six of which were add-on investments to existing portfolio companies and four were investments in companies new to the Altitude portfolio.

The Altitude portfolio now consists of investments in 15 companies. The following is a summary of a selection of notable recent investments:

BDS ANALYTICS

Altitude made an add-on investment as co-lead in BDS Analytics’ Series B Preferred Stock $3.5 million capital raise. BDS is the leader in cannabis business intelligence. This funding places BDS in a very strong position to execute the national expansion of its GreenEdgeTM software and to roll out its Consumer Insights & Industry Intelligence services to a much broader client base. Using the GreenEdgeTM sales tracking software, BDS Analytics is able to generate actionable insights pulled from hundreds of dispensary partners’ point-of-sale systems and closely study the behaviors and psychographics of cannabis users through its Consumer Insights Group. Its Industry Intelligence Services enables the company to make accurate market-wide financial projections and help the cannabis industry make better informed decisions. “We are very impressed with the management team,” says Jon Trauben, partner at Altitude. “Based on extensive experience in other industries, BDS Analytics has developed proprietary software and services that provide its clients with really useful data and insights. Its value is reflected in the rapid growth and diversification of the BDS Analytics client base.”

CANNDESCENT

Altitude made an add-on investment in Canndescent’s Series C Convertible Note $13 million capital raise. Canndescent closed 2017 as the #1-selling brand of cannabis flower in California with its market-leading effects—Calm, Cruise, Create, Connect and Charge and is taking that success to the vape and ingestible categories. Canndescent is a leading modern cannabis company by combining world class management with best practices from consumer-packaged goods, advanced agriculture, and luxury lifestyle marketing. The company is commencing a multi western-state expansion strategy. John Brecker, partner at Altitude added, “We took a small position in Canndescent’s Series B Preferred Stock raise and have increased our investment significantly based on the milestones the company has achieved in such a short period of time.”

GRASSROOTS CANNABIS (AES Compassionate Care PA and Grassroots Compass Ventures IL)

Altitude made separate investments in both AES Compassionate Care Pennsylvania and Grassroots Compass Ventures Illinois. Each are fully-licensed, vertically-integrated cannabis companies that are active in cultivation, extraction, manufacturing and retailing. Both companies are managed by the same management team. Altitude partner Michael Goldberg stated, “Our investments in multistate vertically-integrated operators will allow us to participate in the growth and value creation as the medicinal markets grow, new patients are added, and new approvals for qualifying conditions increase the patient base. Additionally, large upside exists when a planned rollup takes place and as these states legalize adult use.”

FLOWHUB

Altitude made an add-on investment in Flowhub’s Convertible Note $3.3 million capital raise. Setting a new standard for the highly regulated industry, Flowhub offers dispensary and cultivation license holders a metrc™ integrated platform built specifically to simplify compliance, with data automatically sent to state regulators via an API. Flowhub’s award-winning software serves more than 300 of the largest retailers and cultivators in the United States. Flowhub processes over $1B in cannabis sales annually and is the top cannabis compliance technology recommended by state agencies. Rod Stephan, partner at Altitude added, “Flowhub has successfully created software which meets the regulatory and compliance requirements of each state and also creates a sticky customer with recurring monthly revenues. We are excited by the accelerating growth of this company.”

C4 DISTRO (Golden Systems)

Altitude made a lead investment in Golden Systems’ Class B Preferred Units $5 million capital raise. Golden Systems owns C4 Distribution Co. (a.k.a C4 Distro), a California-licensed distribution operating company. C4 is poised to become a leader in the California cannabis distribution market. California needs companies to provide quality distribution services due to the extremely fragmented market of suppliers and retail dispensary buyers. C4 has most recently added four new brands for distribution to its growing list of products. Rod Stephan stated, “With service to over 160 dispensaries in southern California, C4 is experiencing accelerating month-over-month growth by leveraging its high touch business model to build close relationships with its customers. The distributor plays a material role in the supply chain as well as in creating and growing brands. We believe C4 has the right management team to capitalize on this opportunity.”

PATHOGEN DX

Altitude was the co-lead investor in PathogenDx’s Convertible Note $3.4 million capital raise. PathogenDx provides DNA-based disruptive testing technology and solutions to the cannabis, botanical, food, and agriculture markets at an adaptable scale for both large and small testing facilities. The company offers growers, processors, producers, consumers, and ancillary services real-time data and information pertaining to the quality of their product, ensuring a safer commodity and preventing millions of dollars in losses from contaminated or spoiled crops. PathogenDx’s testing kits identifies bacterial and fungal contaminants and reduces testing time down to hours from the traditional petri-dish method which takes days. Jon Trauben commented, “The company is in an enviable position as it fulfills a central regulatory need with cutting edge science, while alleviating existing bottlenecks.”

ABOUT ALTITUDE INVESTMENT PARTNERS

Altitude Investment Partners, LP is a US-based, global venture capital fund that invests in a range of early-stage to growth companies supporting the fast-growing legal global cannabis industry. The fund is managed by Altitude Investment Management, LLC, (the “Manager”), whose members have been actively investing in the cannabis industry and have successfully invested in the alternative investment space for years. The Manager provides institutional quality investment management experience to its investors. The fund continues to accept new investments and plans to close the fund to investors later this year. For more information about Altitude Investment Management please contact info@altitudein.com or visit www.altitudein.com.


StaffStaffSeptember 10, 2018
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6min2730
TORONTO, September 10, 2018/ AxisWire/ The Green Organic Dutchman Holdings Ltd. (the “Company” or “TGOD”) (TSX:TGOD) (US:TGODF)is pleased to be featured as the Keynote Interview for the upcoming Green Market Summit this Friday, September 14, 2018 with CNBC’s Jim Cramer.

Founder of TheStreet.com, American TV personality, former hedge fund manager, and best-selling author Jim Cramer will be interviewing Brian Athaide, TGOD’s CEO, on the Company’s successful IPO, future growth strategy, the future of cannabis beverages, international markets, and more. Expect Cramer to ask former P&G executive Athaide about his new role as CEO and why he thinks his product will resonate with consumers. This will be the first cannabis conference attended by Jim Cramer.

The Green Market Summit, The Advanced State of Cannabis Economics will take place Friday, September 14, 2018 at the One World Trade Center in New York City. More information on the event is available here.

“I am excited to share our story with CNBC’s Jim Cramer this Friday,” said Brian Athaide, TGOD’s CEO. “With such a vast US shareholder base and our objective to list on the NYSE in the near future, I look forward to the opportunity to showcase our company, methodology, and differentiated approach focused on both organic, beverages, and the international markets to a strong, sophisticated US audience,” Continued Athaide.

Investors looking to learn more about TGOD may visit the Company’s Investor Centre at https://tgod.ca/investor-centre/ or contact the Company at invest@tgod.ca, and patients may now register for the Company’s beta patient program at https://tgod.ca/patients/

Contact Us:
E: invest@tgod.ca
T: 1 (416) 900-7621
W: www.TGOD.ca



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The Green Market Report focuses on the financial news of the rapidly growing cannabis industry. Our target approach filters out the daily noise and does a deep dive into the financial, business and economic side of the cannabis industry. Our team is cultivating the industry’s critical news into one source and providing open source insights and data analysis


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