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AxisWireAxisWireJuly 16, 2019
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8min11500

Bethlehem, Penn. (July 16, 2019) — A first-of-its-kind hockey tournament, the Hemp Heals “The Hemp Cup,” will be educating participants on the benefits of using cannabis products to aid in athletic performance. Open to the public ages 18 and up, the tournament includes round robin and playoff play, and will conclude with a panel led by former professional athletes and cannabis industry experts.

Riley Cote, retired Philadelphia Flyers left winger and founder of BodyChek Wellness and nonprofits the Hemp Heals Foundation and Athletes for CARE, will kick-off the panel discussion by explaining the benefits of CBD and how the products can positively impact an athlete’s physical health and overall well-being. Cote founded BodyChek based on his first-hand experience using hemp products to naturally manage pain and aid in recovery.

Attendees can also expect a Q&A session, live music, hemp giveaways and special guest appearances. Media attendance is welcome and encouraged.

 

What: The Hemp Cup

  • Hemp Heals Hockey Tournament
  • Educational cannabis and hemp panel featuring former professional athletes and leading industry experts

When: Saturday, July 27, 2019

The run of show for the day is as follows:

  • 7:00 a.m.: eight-team round robin hockey tournament begins
  • 4:15 p.m.: playoffs are expected to begin; appetizers and networking available
  • 5:00 p.m.: panel discussion
  • Riley Cote, former Philadelphia Flyer and founder of BodyChek Wellness and the Hemp Heals Foundation
  • Two-time Stanley Cup champion and former left wing for the Philadelphia Flyers, Dan Carcillo
  • Arron Asham, former right wing for the Philadelphia Flyers
  • Dr. Bruce Nicholson
  • Grassroots Education and Outreach Director, Sarah Locklund
  • 5:45 p.m.: audience Q&A
  • 6:00 p.m.: music and networking
  • 8:00 p.m.: live music begins

Where: Steel Ice Center

320 E. 1st. Street

Bethlehem, PA 18015

Interview Opportunities:

  • Riley Cote, retired NHL athlete and founder of BodyChek Wellness, the Hemp Heals Foundation and Athletes for CARE, will be available to speak about the benefits of CBD, specifically for sports recovery and general well-being, BodyChek Wellness and the mission of his nonprofits.
  • Panel participants
  • Hockey tournament participants

About the Hemp Heals Foundation

The Hemp Heals Foundation is a 501c3 nonprofit organization founded in 2011 by former NHL player, Riley Cote. Through education and innovation, the organization supports sustainable agriculture practices, sustainable health and clean natural medicine, while focusing on a holistic approach to optimum health. Guided by the core belief that keeping our bodies nourished with more plant-based whole foods helps keep our mind, body and spirit healthy, the Hemp Heals Foundation is working to build and sustain a healthier society and planet. To learn more about the Hemp Heals Foundation, visit hemphealsfoundation.com.

About BodyChek Wellness

BodyChek Wellness, founded in 2017 by former NHL player Riley Cote, develops high-quality, sustainable hemp-derived products that support positive change, balance and recovery in individuals from all walks of life. The company lives by the philosophy that there is an athlete in all of us and everyone can benefit from a natural solution for pain relief, improved sleep, and mental health management. By implementing BodyChek products into a larger wellness regimen, BodyChek’s hope is that individuals experience a better road to recovery and achieve balance, something every body deserves. For more information about the company and its products, visit bodychekwellness.com.

About Athletes for CARE

Athletes for CARE (A4C) is a 501(c)3 nonprofit organization dedicated to helping athletes find support, opportunity and purpose after a career in sports. Founded in 2016, A4C creates a community to help athletes leverage their influence to give back and build meaningful relationships; advocates for the health, safety and wellbeing of more than two billion people of all ages who compete annually in sanctioned sports globally; supports research efforts that have a direct impact on the quality of life of athletes; and educates the public about effective alternative treatment options for mental and physical illnesses such as chronic pain, depression, anxiety, PTSD, CTE, TBI, substance abuse and opioid dependency. For more information about A4C, visit athletesforcare.org.

 

###

Media Contact:

Kayla Weimer

kweimer@wearecsg.com

720.726.5431

Onsite Contact:

Ashley Cote

ashley@bodychekwellness.com

302.540.9947


StaffStaffJuly 11, 2019
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10min6740

Kelowna, British Columbia – July 11, 2019 /AxisWire/ Lexaria Bioscience Corp. (OTCQX: LXRP) (CSE: LXX) (the “Company” or “Lexaria”), a drug delivery platform innovator, announces  that it has entered a definitive 5-year agreement, via its subsidiary Lexaria Hemp Corp., to provide Lexaria’s patented DehydraTECHTM technology to Universal Hemp LLC, a B2B manufacturing company of high-performing hemp-derived bulk ingredients to the nutraceutical and consumer packaged goods industries, for utilization into many CBD-based food ingredients to be produced and sold across the USA immediately, and in Canada when regulations permit.

Competitive financial details including royalty rates remain confidential and undisclosed although the companies have agreed to disclose minimum payments over the life of the agreement of US$3,750,000. 

“We are very excited about signing this licensing agreement with Lexaria Bioscience to bring to market Lexaria’s highly effective delivery system which makes cannabidiol or hemp-derived CBD readily available in the human body,” said Chad Kahunahana, CEO and Founder of Universal Hemp. “Lexaria’s unique technology was developed over many years for specified applications and is now, for the first time, being applied to CBD at scale and available for general use. We anticipate our SuperBio Infusion line of ingredients will become the industry leader for CBD-infused health and beauty, food and beverage, wellness, athletic and other products where maximum performance is vital. In terms of bioavailability, shelf stability and taste this is the best performing technology in the market, hands down. Our corporate customers cannot wait to put our water-soluble solution into their products!” added Kahunahana.

The DehydraTECH-enabled food ingredients are protected under Lexaria’s many existing US-granted patents and may include forms such as CBD-infused wheat or corn flour, gum Arabic, whey protein, green tea, tapioca starch and many others including forms suitable for beverage and dietary supplement formulation. 

“We are pleased to announce our new licensee Universal Hemp whose well respected presence in the hemp industry will enable our patented technology to have widespread use and distribution in high-performance products providing precision dosing, maximum strength, and rapid uptake,” said Chris Bunka, Lexaria Bioscience CEO.

Universal Hemp plans to make its CBD-infused bulk food ingredients available throughout the USA immediately, and in Canada when regulations permit. 

About the Market

According to industry research, U.S. sales of CBD are expected to grow 10x to an estimated $20 Billion by 2024. Edibles such as food, drinks and nutritional supplements are the largest category for CBD products. With the passage of the 2018 Farm Bill which included the Hemp Farming Act of 2018, all parts of the industrial hemp plant, including CBD and other hemp-derived cannabinoids, can be sold legally across the United States.

About Universal Hemp 

Universal Hemp LLC is a leading manufacturer of hemp-based raw ingredients and CBD derivatives for innovative brands. The company plans to make its CBD-infused bulk food ingredients available across the USA immediately and in Canada when regulations permit. The company has offices in Boulder, Colorado; Brooklyn, New York; and Honolulu, Hawaii. Universal Hemp is currently in discussions with blue-chip investors to raise a significant funding round to build the largest cGMP manufacturing facility in North America for full-spectrum, highly-bioavailable bulk ingestible CBD-based ingredients to supply the rapidly growing needs of its customers. www.universalhemp.co

About Lexaria

Lexaria Bioscience Corp. has developed and out-licenses its disruptive delivery technology that promotes healthier ingestion methods, lower overall dosing and higher effectiveness of lipophilic active molecules. Lexaria has multiple patents pending in over 40 countries around the world and has patents granted in the USA and in Australia for utilization of its DehydraTECH™ delivery technology. Lexaria’s technology provides increases in intestinal absorption rates; more rapid delivery to the bloodstream; and important taste-masking benefits, for orally administered bioactive molecules including cannabinoids, vitamins, non-steroidal anti-inflammatory drugs (NSAIDs), nicotine and other molecules.

www.lexariabioscience.com

 For regular updates, connect with Lexaria on Twitter https://twitter.com/lexariacorp and on Facebook https://www.facebook.com/lexariabioscience/

FOR FURTHER INFORMATION PLEASE CONTACT: 

Lexaria Bioscience Corp. 

Alex Blanchard, Communications Manager

(250)765-6424 Ext 202

Or

NetworkNewsWire (NNW)

www.NetworkNewsWire.com

 

For Universal Hemp Information Contact:

Neshama Abraham, Communications Manager

(303) 413-8252 or neshama@universalhemp.co 

www.UniversalHemp.co

 

FORWARD-LOOKING STATEMENTS

This release includes forward-looking statements. Statements which are not historical facts are forward-looking statements. The Company makes forward-looking public statements concerning its expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including statements that include words such as “anticipate,” “if,” “believe,” “plan,” “estimate,” “expect,” “intend,” “may,” “could,” “should,” “will,” and other similar expressions are forward-looking statements, including but not limited to: that any additional stock warrants or stock options will be exercised. Such forward-looking statements are estimates reflecting the Company’s best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. Factors which could cause actual results to differ materially from those estimated by the Company include, but are not limited to, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition, the patent application and approval process and other factors which may be identified from time to time in the Company’s public announcements and filings. There is no assurance that existing capital is sufficient for the Company’s needs or that it will be able to raise additional capital. There is no assurance that Lexaria will successfully complete any other contemplated or existing technology license agreements; or that results from any studies will be favorable or in any way support future business activities of any kind. Scientific R&D is often unpredictable and unanticipated results could emerge from any study and have a material impact. There is no assurance that Universal Hemp Corp. will achieve the goals of its business plan and be capable of fully executing its relationship with the Company. There is no assurance that any planned corporate activity, scientific study, R&D, business venture, or initiative will be pursued, or if pursued, will be successful. There is no assurance that any of Lexaria’s postulated uses, benefits, or advantages for the patented and patent-pending technology will in fact be realized in any manner or in any part. No statement herein has been evaluated by the Food and Drug Administration (FDA).  TurboCBDTM, DehydraTECHTM technology and ViPovaTM products are not intended to diagnose, treat, cure or prevent any disease.

 

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

 


AxisWireAxisWireJune 28, 2019
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2min8840

Las Vegas, NV & Saint Joseph, MO – June 26, 2019 /AxisWire/ Indiva Advisors LLP, a leading full-service CPA firm that provides high-quality accounting, tax and advisory financial services for cannabis and hemp businesses throughout the West Coast, has expanded its service capabilities by acquiring Missouri Cannabis CPA, a Saint Joseph, MO-based practice; effective June 24. This is a strategic alliance that will drive growth for Indiva Advisors in the developing Midwest marijuana economy.

“We are beyond excited for this merger,” said Indiva Advisors Managing Partner, Jessica Velazquez. “Expanding into this emerging market and joining forces with Tiffani Higgins opens up incredible opportunities for our firm and our clients. My passion from day one has been to reach businesses of all sizes across the US and this puts us closer to that goal.”

Indiva Advisors is the leading CPA firm dedicated to the cannabis and hemp industries, with a team of experts bringing more than 40 years of experience. The company is operated by passionate and devoted CPAs and other financial professionals, all bringing a wide array of skills, specializations and knowledge. Indiva Advisors assists business owners and C-suite executives in achieving their goals by providing guidance on financial, transactional, and general business matters.

“I am so excited to partner with Indiva Advisors,” said Tiffani Higgins, CEO of Missouri Cannabis CPA. “We can help new Missouri businesses get started in the cannabis space and provide them with the top-tier support that larger companies already receive.”

Higgins specializes in working with small business owners on tax, accounting, payroll and other financial areas.


StaffStaffJune 21, 2019
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4min21660

SLANG Worldwide Co-Founder and CEO Peter Miller is an experienced entrepreneur with successful exits and 10 years of executive experience. He and Billy Levy co-founded Mettrum Health Corp, a leading Canadian licensed producer that was acquired by Canopy Growth. An entrepreneur with a track record in agriculture, operations, tech, and clean energy, Peter is also the Chairman of the Canadian licensed producer Agripharm. Prior to joining the cannabis industry, Peter worked in corporate development at Esri Canada. SLANG Worldwide is a leading global cannabis consumer packaged goods company with a robust portfolio of renowned brands distributed across more than 2,600 stores in 11 US states.

GMR Executive Spotlight Q&A – 

Full birth name: Peter W J Miller

Title: Co-founder and CEO

Company: SLANG Worldwide

Years at current company: 2 years

Education profile: Peter studied finance and marketing, earning a Bachelor of Commerce degree from Ryerson University.

Most successful professional accomplishment before cannabis: Peter has more than 10 years of experience with agricultural, operational, and technological aspects of operating in the sector. Outside of cannabis, his most proud professional accomplishment is acting as a director and investor in a construction financing group that helped develop a network of sustainable energy projects.

Company Mission: SLANG Worldwide Inc. is a leading global cannabis consumer packaged goods company with a robust portfolio of renowned brands distributed across 2,600 stores in 11 US. We believe that trusted brands fulfilling their promises to consumers will continue to lead the cannabis market. We deliver on our promises of consistency and quality to stores that carry our products around the world. 

Company’s most successful achievement: In an industry that measures success in a variety of ways, SLANG Worldwide prioritizes on creating value for the entire industry through great cannabis products. In our first quarter as a publicly traded company, $32 million SLANG branded products were purchased by consumers and 52 million SLANG branded servings (5mg) were purchased by customers. We look forward to developing more products across form factors, helping more network partners to develop their capabilities and expanding our distribution and access to customers everywhere.

Has the company raised any capital (yes or no):  Yes

If so, how much?: The company has raised around $90M

Any plans on raising capital in the future? Yes. SLANG will raise capital at times when the cost of capital is most attractive.  The great thing about SLANG’s business model is that it is not extremely capital intensive. Incremental capital accelerates growth, however significant capital is not needed to achieve the primary goal of delivering as many servings of branded product to consumers as possible.

Most important company 5 year goal: SLANG’s goal is to have the best portfolio of branded cannabis consumer products selling through the highest number of retail shelves.


AxisWireAxisWireJune 18, 2019
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6min5110
LOS ANGELES –  Flowertown, a rapidly growing cannabis media and marketing brand, and CohnReznick LLP, one of the largest accounting and consulting firms in the country, announced today that they will be teaming to deliver a comprehensive suite of services to the cannabis industry. The strategic relationship is in response to an opportunity in the burgeoning cannabis marketplace. The goal is to work together to provide comprehensive professional resources for industry participants looking for strategic growth and the delivery of compliance services. Additionally, the two intend to accelerate reliable consumer education.

As the cannabis marketplace enters the next phase of growth and grapples with increased competition and consolidation, business owners and investors need more sophisticated solutions, resources and advisors. Flowertown and CohnReznick will provide these organizations with a wide-ranging suite of services that supports their growth, enhances their operating effectiveness and supports normalization. Solutions tailored for the cannabis industry include consumer education, brand building, product and retail recommendations through storytelling, data analytics, financial and operational strategies, technology implementation, and tax planning and compliance. These services will include national, regional and state by state campaigns as well as events designed to build trust and safety through new-consumer education.

“We are always looking to bring other trusted advisors to the table for our clients in this ever-changing and developing industry,” said Dean Waters, CEO of Flowertown. “CohnReznick brings a tremendous amount of professional experience and technical expertise in the cannabis space. Our marketing sensibilities combined with their proven track record with both established and emerging industries creates a suite of services that will be paramount as cannabis brands and retailers break into the mainstream marketplace.”

Ira Weinstein, Cannabis Industry Leader for CohnReznick added, “We have been serving the cannabis industry for over two years and see the challenges companies are experiencing when it comes to synthesizing finance, tax and accounting issues in support of sophisticated marketing and building a brand. Flowertown’s commitment to consumer education and normalization aligns perfectly with CohnReznick’s commitment to professionalism and corporate responsibility in this space. We believe our collaboration with Flowertown brings a new level of sophisticated professional solutions that will help push this industry forward.”

About Flowertown

Flowertown is a cannabis media and marketing brand focused on changing the cannabis conversation from niche to mainstream. Flowertown’s mission is to provide a bridge through education for premium cannabis brands and retailers across the country to reach existing and new consumers entering the market. Passionate about curating a premium, safe and trusted experience for all consumers, Flowertown supports legal organizations with building their brand reputation and trust through marketing, content and communications services. For more information, visit: www.flowertown.comand flowertownagency.com.

About CohnReznick

As a leading advisory, assurance, and tax firm, CohnReznick helps forward-thinking organizations achieve their vision by optimizing performance, maximizing value, and managing risk. Clients benefit from the right team with the right capabilities; proven processes customized to their individual needs; and leaders with vital industry knowledge and relationships. Headquartered in New York, NY with offices nationwide, the firm serves organizations around the world through its global subsidiaries and membership in Nexia International. For more information, visit www.cohnreznick.com.

Contacts

Flowertown
Eddie Van Pelt
Chief Operating Officer
eddie@flowertown.com

CohnReznick
Julie Murawski
Corporate Marketing Director
973.364.6693
julie.murawski@cohnreznick.com


AxisWireAxisWireJune 14, 2019
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4min7610

Event offers conversations with California’s cannabis leadership, updates on important new regulations, and celebrates the launch of the California Bureau of Cannabis Control’s powerful new ad campaign

Los Angeles, CA – June 14, 2019 /AxisWire/ The United Cannabis Business Association (UCBA), the premier trade association for legal retail cannabis in California, announces its second annual Policy Summit, presented by Linx. The one-day event is on June 21, at the Montalban Theater in Los Angeles.

The Summit provides access to key decision makers and industry leaders in a unique environment to give cannabis professionals insight on changing regulations and market conditions that will significantly impact their businesses. The one-of-a-kind event will conclude with a sun-filled rooftop VIP mixer featuring a Sessions short order kitchen by Chef Holden Jagger of Altered Plates, live music and entertainment.

The Summer Summit will also serve as the launch of the Bureau of Cannabis Control’s California new public awareness and education campaign, designed to help businesses and consumers recognize the differences between legal and illicit cannabis products and retailers.

The summit will feature candid discussions on issues that impact California cannabis businesses and consumers, with notable speakers that include:

Nicole Elliott – Senior Advisor on Cannabis to Governor Newsom Lori Ajax – Chief of the CA Bureau of Cannabis Control Cat Packer – Executive Director and GM of the LA Department of Cannabis Regulation Fiona Ma – CA State Treasurer Councilmember Herb Wesson – Los Angeles City Council President Senator Steven Bradford, CA Senate District 35 Assemblyman Tom Lackey, CA Assembly District 36 Richard Parrott – CalCannabis Cultivation Licensing, CA Department of Food and Agriculture Rasha Salama – Branch Chief, CA Manufactured Cannabis Safety Branch Laurie Holcomb – CEO of Gold Flora Farms and King’s Crew Dispensary

The UCBA Summer Summit is presented in collaboration with the Humboldt County Growers Alliance (HCGA) – the trade association representing the most legal cultivation businesses in California, and brings together two of the most influential cannabis industry associations in the state.

Attendees to the Summit will enjoy Linx giveaways, specials with neighboring dispensaries, a rooftop lounge, and a brand education mezzanine with executives from some of the most successful businesses in the industry, including Gold Flora, Original Pot Company, Canndescent, Beboe, Cresco, Born from Flora, Genius, Delta 9, 1 PUFF, Kanha Treats, LA Kush, Boxcar Supply Company and more.

The Second Annual UCBA Policy Summit and BBQ is on June 21, 11a-6p, at the Montalban Theater, 1615 Vine Street, Hollywood, CA 90028. For tickets, visit: bit.ly/UCBA2019Summit

Veterans and Social Equity applicants receive free admission.

For information on UCBA, visit: www.ucba.com

Connect:

Website: www.ucba.com

Facebook: facebook.com/UCBATradeAssociation

Instagram: instagram.com/ucbanetwork

LinkedIn: linkedin.com/company/ucba

Media: hello@inov8.us


AxisWireAxisWireJune 4, 2019
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9min6910

ezGreen’s Point-of-Sale solutions now sanctioned by Metrc Cannabis Control Commissions in Six States

Fort Lauderdale, FL.– June 4, 2019 /AxisWire/ The ezGreen Compliance team has 17 years of experience in medical dispensing of pharmaceuticals to medical clinics across the United States.  This first-hand knowledge of heavily regulated health industries and HIPAA compliance is an essential element to developing a comprehensive software platform for the nascent cannabis industry – the fastest growing industry in the United States –one that is expected to reach $17 billion worldwide in 2019.

In the last two years, ezGreen Compliance (“ezGreen”) has developed a software system with multiple features, many of which have been missing from other industry platforms due to data breaches and shutdowns.  Creators of the ezGreen platform have just announced the completed integration with Marijuana Tracking Reporting Enforcement Compliance (“Metrc”) for six states-California, Colorado, Maryland, Massachusetts, Montana, and Oregon. Mandatory for all cannabis-legal states, compliance software is an important choice for cannabis businesses.

Currently, the number of those in the legal cannabis industry participating in a “track-and-trace” computer system is low, reasons cited include bureaucracy and timing. Michael R Blood of the Associated Pressreported that as of April 2019, just nine California retail outlets were entering data into the network established under an estimated $60 million state contract, even though 627 shops are licensed to sell pot in California.

Tracking products in real time, ezGreen is able to monitor the movements of products within the dispensary retail location to ensure they are reporting up to date inventory to the State through the Metrc portal.  ezGreen’s Point-of-Sale software eliminates the need for manual data entry when reporting information to Metrc. As retailers or dispensaries accept inbound product information on their Metrc portal, ezGreen receives chain of custody for all products delivered from the distributor to the retail dispensary, automatically batching and labeling every product prior to sale. The platform also integrates the Health Insurance Portability and Accountability Act (HIPAA) certified POS solution developed and supported by Automated HealthCare Solutions (AHCS). AHCS is a leading point-of-care tracking and dispensing software solution developed over the past 17 years which has supported over 3500 active physician operated clinics and dispensaries, all while maintaining HIPAA compliance following essential Health and Human Services standards in the United States.

To remain compliant, licensees must migrate their current inventory to the platform, enabling the tracking and reporting of cannabis and cannabis-related products as they move through the commercial supply chain.  ezGreen’s POS software supports and simplifies the maintenance and security of accurate reporting, inventory tracking, as well as product trends, and purchase amounts–which in some states are restricted.  The ezGreen Compliance platform also tracks taxes and regulations, keeping licensees up to date on changes at the local, state and national levels.

“Cannabis industry data standards are increasingly mirroring the pharmaceutical industry’s patient data security protocols,” said Mike Coner, President of ezGreen. “We are on top of that and more. Our POS solution delivers data security and integrates with any seed to sale technology platform.  ezGreen also provides fully customized reporting and real-time data analytics enabling businesses to make more effective decisions for their customers. In addition to our recent integration with Metrc, we are now able to provide patient and customer data protection within a state-approved end to end solution.”

About Metrc

Metrc was created by Franwell, a leading technology company dedicated to the development of leading products and services focused on supply chain solutions and RFID integration for the Agriculture industry.  First deployed for the Cannabis industry in 2013, Metrc is a web-based solution made up of a browser interface and a mobile application for both the industry and regulatory users that provides end to end tracking and tracing of marijuana plants and products.  The backend is a series of secure Web Services, Database and an Application Programming Interface (API). This solution was specifically designed for government agencies in charge of legalized marijuana enforcement. Metrc provides the necessary visibility for adherence to rules, regulations, and statutes. Currently, Metrc is contracted by the following states, Alaska, California, Colorado, Oregon, Maryland, Michigan, Ohio, Massachusetts, Montana, Nevada, Louisiana, and Washington D.C. For additional information visit https://www.metrc.com.

About ezGreen Compliance

ezGreen Compliance, located in Fort Lauderdale FL, is a proven state-of-the-art software enterprise compliance and Point-of-Sale software solution for licensed medical cannabis dispensaries and recreational retailers. Navigating through state-by-state license, tax and compliance issues has been challenging for the legal cannabis industry.  ezGreen Compliance helps customers comply with both the Health Insurance Portability and Accountability Act (“HIPAA”)and State Laws by ensuring patients’ confidential data is being handled properly, helping to protect from possible security breaches and financial and criminal liability resulting from potential violations while providing operators with a seamless and comprehensive software solution for compliance and their customer base.   For more information on this innovative software company please visit www.ezgreencompliance.com.

CONTACT:

Gaynell Rogers | gaynellrogers@gmail.com| 415.298.1114

Erica Glenn | ericaglenn.assistant@gmail.com| 530.912.2751


AxisWireAxisWireMay 31, 2019
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5min6910

BOULDER, CO – May 31, 2019 /AxisWire/ KelSie Biotech, announced today that it has closed the first tranche of $5 million in Series A funding. The investment round, led by Salveo Capital, a leading cannabis focused investment firm, with participation from LA-based Arcadian Capital and other investors, will support the company’s scientific research and market expansion.

KelSie Biotech creates high bioavailability delivery methods for active pharmaceutical ingredients in the medical, nutraceutical and CBD/cannabis fields. KelSie licenses its patented and proprietary technologies which are based on novel particle morphology science and include dry-inhaled powder and true sublingual delivery systems. The dry-inhaled powder technology successfully completed Phase I Clinical Trials for delivery of a stable measles vaccine.

“KelSie is delighted to partner with Salveo and our other investors to bring effective and convenient drug and supplement delivery methods to more consumers,” said Cameron Keluche, KelSie Co-Founder. “We are committed to revolutionizing the delivery of cannabinoids and other drugs with superior bioavailability. Having experienced partners like Salveo and Arcadian is invaluable.”

“We constantly look for new and innovative technology that drives consumption patterns and introduces healthier and more discreet form factors across the pharma industry,” said Jeffrey Howard, a Managing Partner at Salveo Capital.  “We are impressed with KelSie’s strong patented and proprietary technology, including their true sublingual delivery systems with quick onset times. The Company’s focus on micro-dosing is another key differentiator that will continue to attract new demographics of cannabis/CBD consumers focused on low-dose health and wellness. We couldn’t be more excited to be working with the entire KelSie team to continue the company’s strong momentum.”

Historically, the most common method for administering medications and supplements has been oral or injection. But the gastrointestinal tract degrades the efficacy of pills and liquids before they reach the bloodstream and there are many complications to syringe-based methods.  KelSie’s patented breakthrough delivery methods revolutionize drug delivery for a wide range of applications.

Most recently, the technology has been successfully commercialized under the SUM Microdosebrand, licensed to State Operators producing fast-acting, water-soluble CBD/cannabis sublingual tablets. As SUM Microdoseapproaches its first successful year of sales in Colorado, the roll-out has begun across other states through licensing to additional State Operating Partners.

“Our consumer brand strategy is focused on investing in companies that truly add value to the consumption experience and have a high degree of commercial scalability. We believe that the KelSie’s core technologies provide a framework for the mainstream adoption of cannabinoid-based medicines,” said Krishnan Varier, Managing Partner of Arcadian Capital Management.

About KelSie Biotech

KelSie Biotech creates high bioavailability delivery methods for active pharmaceutical ingredients in the medical, nutraceutical and CBD/cannabis fields. The genesis of the technology came from Dr. Robert Sievers, who created an inhalable, needle-free measles vaccine that didn’t require refrigeration. Sievers received a $20 million, 5-year grant funded by the Bill and Melinda Gates Foundation to develop a measles vaccine that could be used effectively in rural regions lacking medical infrastructure. The first brand to deploy KelSie’s technology is SUM Microdose, water-soluble sublingual CBD/cannabis tablets.

About Salveo Capital

Launched at the end of 2016, Salveo Capital is an alternative investment firm specializing in the legalized cannabis space, particularly ancillary businesses. Salveo Capital’s approach is to bring an institutional quality discipline to company vetting, investment structures and portfolio management. The Firm is committed to shaping the early-stage, yet rapidly growing, industry by providing funding and development to companies with the will and vision to be the future faces of legalized marijuana. As cannabis legalization spreads, Salveo Capital seeks to build long term sustainable companies and support innovative technologies, products and services to help address the unique requirements of the industry. The firm is based in Northbrook, Illinois, and with vertical industry executives and cannabis operating advisors across the country, including key markets of California and Colorado. For more information, please visit www.salveocapital.com.

 


AxisWireAxisWireMay 29, 2019
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4min10840

Brands including Kiva Confections, PRØHBTD, Foria Wellness, Futurola USA and more will appear at the dedicated marketplace

New York – May 28, 2019 /AxisWire/ The Hemp & Cannabis Marketplace will make its debut at next month’s 2019 Licensing Expo and today curators announced the 12 consumer brands set to take cannabis further mainstream through licensing partnerships.

The exclusive marketplace will showcase the leading health and wellness brands spanning various categories of the hemp, CBD and cannabis space, including:

The trailblazing brands were curated by PRØHBTD, a global consumer goods and content company in the cannabis and hemp industry that creates and markets lifestyle and wellness brands.

“We are in the branded products phase of the hemp and CBD industry,” says Drake Sutton-Shearer, CEO of PRØHBTD. “Working alongside Licensing Expo, we can open up new revenue streams and brand category expansion through licensing. It’s exciting to have all of these brands in one place for mainstream brands, retailers and manufacturers to potentially partner with ”

The world’s largest and most influential licensing industry event, Licensing Expo, takes place June 4–6 at the Mandalay Bay Convention Center in Las Vegas, NV.

The Hemp & Cannabis Marketplace will be located at Booth A133.

About PRØHBTD  

PRØHBTD is ahybrid consumer goods and content company recognized as the exclusive global cannabis partner of Licensing Expo, Advertising Week, All Def Media, Postmedia, and Entrepreneur Magazine.The company is venture-backed with $20M+ in funding and has offices in Los Angeles, New York, Toronto and Vancouver.

With a mission to lead cannabis from the black market to the supermarket, PRØHBTD creates and markets lifestyle and wellness brands to global audiences, overturning the taboos and stereotypes of the status quo cannabis vernacular and continually pushing it toward the mainstream.

For more information visit www.prohbtdglobal.com.

 

Media Inquiries

Rosie Mattio

Mattio Communications

Rosie@mattio.com

917-583-6349


AxisWireAxisWireMay 22, 2019
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5min9620

Cannabis Stocks Opened on a High Note First Quarter With 40% Index Growth

New York City – May 22, 2018 /AxisWire/ The Green Market Report (GMR), the cannabis industry’s most trusted source for credible in-depth financial and economic reporting, today released its 2019 Cannabis Company Index Q1 Summary Report. The report can be downloaded at GreenMarketReport.com/Reports.

The GMR Index follows the trading activity of 30 selected public cannabis companies that denote market dominance. The Company Index started 2019 on a high note as the first quarter jumped 40% and essentially recovering from the dismal fourth quarter of 2018. The broader stock market sold off at the end of the year and it took cannabis stocks along for the ride into the red territory. While the Farm Bill passage in December set the stage for stocks in the first quarter, Congress wasn’t through waving a green flag for the cannabis industry. . At the end of March, The House Financial Services Committee voted 45 to 15 to advance the Secure and Fair Enforcement (SAFE) Banking Act.

Despite all the positive news flowing through the cannabis industry, high profile lawsuits also reminded investors that the cannabis industry isn’t as mature as others. International markets are opening up to import and export. And U.S. exchanges are playing with Canadian companies while avoiding American ones.

“2019 is off to a good start for cannabis companies. Many stock valuations have recovered from the late 2018 selloff as the government seemed to soften its approach towards cannabis ,” stated Debra Borchardt, CEO of Green Market Report.

The best performing stock in the GMR Index was Origin House followed by The Green Organic Dutchman, who was the biggest loser last quarter. The biggest loser in the GMR Index was AeroGrow International.

The Index decided to add SLANG Worldwide Inc. and TILT Holdings Inc. While the Index was sad to let AeroGrow go, although it is the smallest of the publicly traded companies, as well as MedMen amid all of their legal woes.

“SLANG Worldwide has so many positives going for it. This was an easy name to add to the Index,” added Borchardt. “TILT Holdings though surprised the market with a large write down shortly after being added to the Index. We’ll monitor the stock closely.  .”

About Green Market Report:

The Green Market Report (GMR) is headquartered in New York City with an office in Los Angeles. GMR is poised to be the center for trustworthy business, financial and economic news and intelligence. The site offers coverage on financial matters including news briefs on business, cultivation, and extraction, cannabis company stock prices, and wholesale cannabis pricing. For more information, please visit www.greenmarketreport.com or email info@greenmarketreport.com. Follow us on Facebook, Instagram and Twitter @GreenMarketRpt.

Communications Contact:

Cynthia Salarizadeh

Green Market Report

856-425-6160

cynthia@salarmediagroup.com

 



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