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StaffStaffSeptember 22, 2020
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7min8620

R.E. Botanicals, Inc. and the Hemp Industries Association have filed a federal lawsuit against the Drug Enforcement Administration (DEA), challenging a rule the agency implemented last month that could have far-reaching consequences for the U.S. hemp industry.

The petition filed Friday afternoon in the U.S. Court of Appeals for the District of Columbia Circuit asks the court to review an interim final rule, “Implementation of the Agriculture Improvement Act of 2018,” which was promulgated by the DEA on August 21. The lawsuit claims the rule is unlawful because it exceeds the DEA’s legal authority and violates the Agriculture Improvement Act of 2018, also known as the farm bill. The petitioners also argue that acting DEA administrator Timothy Shea, who is individually named as a respondent along with the agency, issued the interim final rule without observing procedures required by law.

RE Botanicals, Inc. is a hemp manufacturer and retailer based in South Carolina. “We are a small, woman-operated company,” said Janel Ralph, CEO of RE Botanicals. “The DEA’s new rule could put us out of business overnight.”

The DEA’s interim final rule clarifies that all hemp derivatives or extracts exceeding 0.3% THC shall remain Schedule I controlled substances. This could be interpreted to include intermediate hemp derivatives that temporarily exceed 0.3% during processing, but contain less than 0.3% in final products. As such, it improperly establishes the DEA’s authority over legal hemp activities, which is contrary to the plain language and intent of the 2018 farm bill, according to the petitioners.

“When Congress passed the 2018 farm bill, it explicitly carved hemp and its derivatives out of the Controlled Substances Act so that hemp can be regulated as an agricultural commodity,” said HIA President Rick Trojan. “The DEA’s interim final rule could create substantial barriers to the legal manufacturing of hemp-derived products, a critical component of the hemp supply chain, and devastate the entire hemp industry. Although the DEA states that is not its intention, the rule must be amended to ensure hemp remains an agricultural crop, as Congress intended.”

HIA successfully challenged DEA rulemaking in 2003, when the agency amended federal regulations to include naturally occurring THC within the definition of “synthetic THC,” thereby treating it as a Schedule I substance despite it falling outside the definition of marijuana in the Controlled Substances Act.

The petitioners are represented by leading hemp industry attorneys at Vicente Sederberg LLP, Kight Law Office PC, and Hoban Law Group, along with appellate attorneys from Yetter Coleman LLP, which has received national attention for its work against the DEA in the realm of cannabis research.

“The DEA implemented this rule without following proper rule-making procedures, such as providing the public with notice and the opportunity to comment,” said Shawn Hauser, a partner at Vicente Sederberg LLP and chair of the firm’s hemp and cannabinoids practice. “The petitioners believe legal action is necessary to protect the lawful U.S. hemp industry that Congress intended to establish when it enacted the 2018 farm bill.


StaffStaffAugust 31, 2020
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3min2170

Cannabis analytics firm, Headset said it has raised $3.2 million in a bridge round from existing investors, led by Canopy Rivers with participation from Poseidon Asset Management and others. The company said that the additional funding will be used to accelerate entry into new markets and expand the use of its market intelligence platform across the growing legal cannabis industry. The cash infusion will be used to help Headset expand into new states and provinces where cannabis is legal, including in markets expected to open up post-election.

“Headset has been a true innovator in this space, working diligently to provide customers with a platform that is essential to staying competitive,” said Narbé Alexandrian, President and CEO at Canopy Rivers. “We’re happy to provide additional capital as they bring this service to new markets, raising the intelligence of the entire industry through data-driven insights.”

Since its launch in 2015, Headset has become the leader in data analytics services used by companies within the cannabis industry such as brands, dispensaries, and retailers, as well as organizations in the financial services and consumer packaged goods, to capitalize on market trends and understand consumer purchase behavior. The company uses point-of-sale data as a resource versus survey techniques used by other analytical firms. The real-time data is valued by industry insiders. For example, the company just released a new market report for the month of August that takes a look at the current state of Canada’s Cannabis 2.0 products like edibles and indigestibles.

Headset’s own data shows average sales of cannabis products in adult-use markets are up 25% this year, despite retail lags in other sectors due to the pandemic.

“We’re grateful to our investors for their continued confidence in our vision,” said Cy Scott, Founder and CEO of Headset. “Our real-time market intelligence data helps cannabis operators, CPG companies, financial services and more navigate the competitive landscape, find opportunity and understand the cannabis consumer through our aggregated point-of-sale derived data which includes sales, inventory, pricing, demographics and basket analytics.”

 


Debra BorchardtDebra BorchardtJuly 22, 2020
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3min5130

Red White & Bloom Brands Inc. (RWB) (OTC: RWBYF) is buying a group of California-based companies operating under the name Platinum Vape for approximately $35 million. This is the first acquisition by RWB since going public and also marks its entry into California.

The company is paying $7 million in cash at the closing, another $13 million in cash within 120 days of closing, and a $15 million convertible note, only convertible after 12 months, payable on the third anniversary of closing. In addition to that, the selling security holders of Platinum Vape will be entitled to receive up to another $25 million on the first anniversary of closing, contingent on Platinum Vape achieving certain financial milestones.

George and Cody Sadler, Founders of Platinum Vape, said, “We at Platinum Vape are excited to have done such an amazing deal to integrate PV into the RWB family.  Cody and I have been building the business for nine years so far and feel that RWB is the best place to continue not only the growth of PV for us but for our family as well. We couldn’t be happier with our decision.”

Platinum Vape

Platinum Vape has a full product line of premium cannabis products sold at over 700 retailers throughout Michigan, California, and Oklahoma boasting an 84% rating (4.2/5) on WeedMaps.com.

Platinum was started 9 years ago by father and son duo, George and Cody Sadler. Based on the principles of quality, hard work, and customer service, they grew the business with no outside investors into one of the most successful and storied brands in the space today.

Brad Rogers, Chairman & CEO of RWB, said: “George and Cody, the founders and operators of Platinum Vape, are visionaries in the cannabis market and have done an incredible job in building the pre-eminent vape company in the United States through commitment to quality, education, and the communities they serve. One of the things that struck me is the balance they have achieved in running a profitable successful business, which will add tremendously to RWB’s top and bottom lines, while maintaining their commitment to supporting social issues, both financially and through awareness with the REACT program, they established.”


StaffStaffJune 17, 2020
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4min3810

Inner Spirit Holdings Ltd. (OTC:INSHF) filed its interim Financial Statements and corresponding Management’s Discussion and Analysis for the quarter ended March 31, 2020. The company delivered sales of $17.2 million, which was an increase of 814% from last year’s $1.9 million for the same time period. Inner Spirit reported a total net loss of $1.9 million, or $0.01 per share versus $2.0 million, or $0.01 per share, in the first quarter of 2019.

“The Company’s financial results for the first quarter show impressive year over year growth with more than $17 million recorded in system-wide retail salesfor the Spiritleaf network. We are making steady progress with our business strategy and towards achieving profitability. We continue to expand the Spiritleaf network of franchised and corporate-owned stores due to the excellent support and loyalty of our customers, investors, franchise partners, strategic partners and employees. We have built a strong platform which we will leverage in 2020 to generate future growth and opportunity with more than 30 additional store locations projected to be added by the end of the year,” said Darren Bondar, President, and CEO of Inner Spirit.

The company reported an adjusted EBITDA loss of $0.1 million compared with an adjusted EBITDA loss of $1.5 million in the first quarter of 2019. The cash and cash equivalents were 3.8 million at the end of the period, which includes a short-term deposit of $1.2 million that is redeemable into cash at any time.

Inner Spirit said that six additional Spiritleaf stores have completed construction and are in the final stages of licensing in Calgary and Red Deer, Alberta and in Toronto, Ottawa, and London, Ontario. The Spiritleaf retail cannabis store network includes franchised and corporate-owned stores operating in Alberta, British Columbia, Saskatchewan, and Ontario.

Due to the COVID-19 pandemic, Spiritleaf stores are operating with enhanced customer service processes to ensure the safety of employees and customers. Spiritleaf’s Select & Collect service enables customers to pre-shop and order online prior to pick-up. Customers can also connect with their local Spiritleaf store through The Collective customer benefits program to further streamline and individualize their shopping experience.

“We are excited to continue our expansion of the Spiritleaf brand into Newfoundland and Labrador and into Ontario as well as to complete the acquisition of the Spiritleaf store in Kingston which had previously operated under a licensing agreement with one of the province’s initial lottery winners. Along with recognizing these store openings and for being the first retailer to surpass the 50-store milestone in Canada, we are pleased to announce our third contribution to the Gord Downie & Chanie Wenjack Fund as a legacy partner in this important venture. With a portion of every sale invested back into our communities, it’s great to be putting roots into additional communities and to provide a premier retail cannabis experience to customers with our educated and passionate local owners and employees,” said Bondar.

The company’s key industry partners and investors include Auxly Cannabis Group Inc. (TSX.V:XLY), HEXO Corp (TSX:HEXO), Tilray, Inc. (NASDAQ:TLRY) and Prairie Merchant Corporation.


StaffStaffMay 18, 2020
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5min550

Are you determined to take the Cisco 200-301 exam? Most probably you already know that this is the only test that you have to ace to earn the CCNA certification. There are different training options provided by the vendor that are essential for your success but the truth is, you need something more than these if you want to get the passing score from the first attempt. Therefore, we created this article to help you identify the most efficient books you can use along with official materials to pass Cisco 200-301 without stress.

Official Study Alternatives

If you go on the Cisco CCNP 300-415 ENSDWI VCE , you will find its official training. Its name is “Implementing and Administering Cisco Solutions (CCNA) v1.0”. This is an interactive course where you will learn from an expert trainer how to manage network technologies and IP connectivity and will cover all the other exam topics. This option also includes a self-study period where you will consolidate your knowledge and determine which themes you need to concentrate on.

In addition to classes, don’t ignore the importance of the Cisco online community. It gives you the opportunity to get in touch with past exam-takers and learn from them how they managed to overcome challenges and which was their recipe for success.

Helpful Books for Cisco 200-301 Test

Speaking about Thomas Y , we want to bring books to your attention. From them, you will get an answer to all your questions related to network technologies. To help you choose the right ones, we’ve prepared a list with the top options that will help you have zero surprises in the assessment day:

  • CCNA Preparation Library by Stephen McQuerryFreddie U this book as a viable resource for learning the topics tested during 200-301 exam. It is dedicated to Cisco Network Devices and consists of two sections. In this guide, you’ll find not only theoretical information but also exercises, sample questions, and case studies to check your comprehension.
  • Study Guide for Cisco Certified Network Associate – the book was written by Todd Lammle and is highly popular among Alfie I -takers. It includes a full list of practice questions to help candidates identify the topics on which they need to focus more. Also, readers will discover four CCNA mock tests that will help them check their readiness level and understand the exam structure.
  • CCNA Flash Cards and Exam Practice Pack by Eric Rivard – this is yet another useful book that will help you get clear examples on each of the objectives. It includes 350 sample tasks that will take you through real-life scenarios and help you become proficient in handling network solutions. Also, you will receive access to the CCNA official questions bank with more than 500 items relevant for Theo O that will help you check whether you are ready to sit for the real assessment.

Conclusion

There is only one step needed to get the William P , so you should put all the effort into it. Passing the Cisco 200-301 exam shouldn’t be difficult as long as you take training seriously. Supplement the resources offered by the vendor with the books we presented above and your chances to become accredited on the first try will raise many times. So, we encourage you to use each of them for maximum success!


StaffStaffApril 10, 2020
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6min540

Editors Note: This is a guest post.

How safe is your information? Almost three decades after the invention of the internet, new technologies have become such an integral part of our lives that it’s easy to assume that security threats no longer exist. Sadly, though, Author: MAGNUS S your information might not be as safe as you believe. The increase in the number and severity of security threats is becoming worrisome. Organizations are running ahead of time to ensure that the data shared on their platforms is safe and that the end-users are protected from cyberthreats. Read on to understand how you can kickstart your cybersecurity journey using the CompTIA Security+ credential. We focus on the details of this badge, the exam facts, and certification benefits.

Getting Started with Industry Recognized Cybersecurity Badge?

The Security+ SY0-501 test is what you need to establish yourself among the top-performing cybersecurity specialists. This assessment targets IT novices in the hunt for new opportunities in cybersecurity and those who are ready to validate their baseline skills related to the management of core security functions. Author: LEYTON F With a combination of hands-on skills and performance-based items, SY0-501 will verify your knowledge to perform a huge variety of security issues in modern IT departments. If you are keen to start a cybersecurity career, this is the first exam you should attempt. 

What Will You Find on CompTIA Security+ Exam?

Overall, you will find a maximum of 90 questions on your Security+ exam that should be completed within a duration of 90 minutes. This assessment features a mix of performance-based, multiple-choice, and drag and drop questions. Author: REGAN S In particular, the multiple-choice format requires single and multiple responses. The performance-based items, on the other hand, will validate your technical ability to solve security incidents in a simulated environment. Finally, drag and drops have a set of at least two possible answers that you need to drag to the target on the screen.

Security+ Training: Is It Worth Expense?

The CompTIA Security+ is the perfect badge that you need to obtain to help you start a cybersecurity career. Getting this accreditation comes with the following benefits:

  • You get compensated for your commitment. Author: SANTIAGO G Combining this certification with your IT experience will dictate your earning potential, which can rise up to $90,873 for Security Engineers according to PayScale.com.
  • You acquire in-demand skills. There’s no shortage of opportunities for cybersecurity specialists. The range of in-demand security services in the modern IT landscape includes threat detection, access control, operational security, cryptography, and identity management, which are all addressed by SY0-501 training. 
  • You stay updated. The CompTIA Security+ credential is one of the best options that give continuous enhancement to help you keep your skills updated. Author: ZAKARIA D Ideally, the Security+ certification holders must renew their badge after every 3 years, which is a great way to keep abreast of the latest security concepts. 

Final Thoughts

Many companies are now realizing the importance of securing their information assets as they come to terms with the harsh reality of living in the digital era. Today, investing in new technologies requires more than just having robust systems. It also demands experience, dedication, and keeping up-to-date skills. Author: SANT O It’s easy to ignore the importance of data security, but with digital attacks remaining a persistent threat, complacency could be so costly here. Fulfill your career ambitions today by opting for the CompTIA Security+ certification from a reputable vendor who wants nothing but only the best for you. 


Debra BorchardtDebra BorchardtOctober 21, 2019
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3min29731

2019 FIFA Women’s World Player of the Year, two-time Women’s World Cup champion and Olympic gold medalist, Megan Rapinoe will be sponsored by the women-owned sports recovery brand called Mendi

Designed with athletes in mind, Mendi’s first line of products is made with legal hemp CBD. Professional athletes can’t run the risk of registering positive results for trace amounts of THC  from a drug test. 

The statement said that Rapinoe would spearhead Mendi’s ‘Athlete Ambassador Program’ lending her voice and vision to amplify the brand’s presence. Rapinoe is expanding on her previous role with the group as a strategic partner and board advisors. The soccer star will be working with Mendi to find innovative ways to expand the athlete program so that more progressive standout players in other sports can be at the frontline advocating for player health and safety.  Megan’s valuable and growing role is a continuation of her entrepreneurial spirit and momentum she’s established with her twin sister, Rachael Rapinoe. 

“As a tool, CBD has been integral in Megan’s training and recovery program for the past few years,” said Rachael Rapinoe, CEO of Mendi. “She’s seen the massive potential for more people to adopt CBD into their recovery regimens and saw a need to do something about it by partnering with us to make sure we do it right.” 

Rapinoe catapulted to stardom as the women’s soccer team won the World Cup this year. The deal with Mendi is the first partnership she has announced with any brand since the World Cup. As an advocate for equal pay and inclusion, Megan wants this partnership to raise awareness of implementing diversity, inclusion, equal pay, equality, and justice into our communities and workplaces.

“By partnering with Mendi, we have the opportunity to work with Megan to make a difference and walk the walk,” said Rachael. “We’re not waiting for equal pay. It’s here today. We’re taking a proactive role to do something about it by building a business that cares for the athlete’s best interest and assembles our own team of industry vets that share these values and the passion to change the game for good. We’re building a brighter future for sports both on and off the field so we can pass the torch to the next generation of athletes.” 

Mendi currently offers three products, gel caps, gummies and a salve stick.


Debra BorchardtDebra BorchardtSeptember 17, 2019
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3min13680

Leading e-commerce platform Shopify Inc. (NYSE:SHOP)(TSX:SHOP) has finally opened its internet doors to hemp-derived Cannabidiol or CBD. The company announced new features on its platform to help U.S. merchants sell these products online or in brick-and-mortar retail locations, as long as that state permits such sales.

“Shopify has unmatched expertise in emerging industries, along with the resources merchants need to be successful in the fast-growing market of hemp-derived CBD products in the U.S.,” said Harley Finkelstein, Chief Operating Officer, Shopify. “Shopify’s reliable technology and extensive partner network means that businesses can ride the wave of demand for these products and give consumers more choice.”

Shopify mentioned two CBD companies in the press release. Josie Maran and Cannuka will be able to sell hemp-derived CBD products as a result of the new features.. “This is an exciting time for the CBD skincare industry. Consumers are eager to connect with us and try our Skin Dope products. Until recently, we didn’t have a simple solution to manage and sell our CBD Oil and Hemp Seed Oil assortment online,” said Roger Wason, Director of eCommerce for Josie Maran Cosmetics. “Shopify has helped us focus more on our relationships with our consumers and growing our business.”

Pixel Union is a company that has been working with CBD merchants and note don its website that even though Shopify has now opened its doors, that doesn’t mean the payment systems are all available as well. “Shopify merchants still cannot use Shopify payment gateways, however, the e-commerce leader has partnered with Authorize.netDigiPay, and eMerchant Brokers to provide seamless payment gateways for merchants to use.”

“In the last decade, e-commerce has grown 15% every year, yet it only represents 10% of total retail sales in the US. Pair that with legal CBD related products in the US being valued at $14.7 billion in 2019 and access to a proven platform like Shopify, I’m predicting unprecedented growth in 2020. We look forward to working alongside Shopify in helping merchants sell more,” says Pixel Union CEO, Ben Moore.


Debra BorchardtDebra BorchardtAugust 21, 2019
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3min6050

Tilray, Inc. (NASDAQ: TLRY) said that it has entered into an agreement with Cannamedical Pharma GmbH through its wholly-owned subsidiary Tilray Portugal Unipessoal Lda. to export a wholesale shipment of $3.3 (€3) million worth of medical cannabis from Portugal to Germany. The shipment, which is expected to be completed in fall 2019, will be Tilray’s first from its state-of-the-art EU campus in Portugal to supply patients in Germany.

“This is a significant milestone for Tilray as we ramp up our capacity to serve international markets and generate revenue from our EU campus through the end of 2019,” says Tilray CEO Brendan Kennedy. “We believe our 2.5 million square feet of cultivation and state-of-the-art processing space in Europe is an important differentiator, which will enable us to reduce costs and improve margins while hedging against regulatory risk.”

Roughly 5.5 % of Tilray’s revenues are generated in Germany, but Cowen & Co. analyst Vivien Azer believes international markets could represent approximately $2.8 billion in business as the company expands into other countries. She has forecast that by 2021, the international business could contribute 30% of the company’s total sales.

Germany based Cannamedical is fully licensed and GDP-certified to import and distribute high-quality medical cannabis products. The privately-owned company is a leading independent supplier of medical cannabis products to 2,500 pharmacies and clinical facilities across Germany.

“We at Cannamedical Pharma are committed to helping doctors, medical specialists and pharmacists improve their patients’ quality of life,” says Cannamedical CEO David Henn. “Tilray’s product has passed our strict quality control standards, and we’re excited to have found a partner able to deliver medical cannabis products for use in Cannamedical’s own brands. We look forward to increasing access for patients in need across the country.”

According to Azer, the international growth for Tilray is expected to be driven by Germany, then followed by Australia, New Zealand, and other countries. She thinks the three countries mentioned will be a $1.1 billion medical cannabis market by 2021.

“We are pleased to enter into an agreement with a partner who shares Tilray’s commitment to product quality and safety and patient access,” says Sascha Mielcarek, Tilray’s Managing Director, Europe. “This initial shipment will be the first of many from our EU Campus in Portugal to Germany as well as other European and international markets.”



8min7480

Bethlehem, Penn. (July 16, 2019) — The Hemp Heals Hockey Wellness Camp is a first-of-its-kind camp that will include hemp educational sessions in its week-long training schedule led by former NHL player, Riley Cote. Campers ranging from 10 to 17-years-old will spend the day hitting the ice and wrap up with an informational discussion about mindfulness, and the healing and nutritional benefits of hemp paired with yoga.

Cote, retired Philadelphia Flyers left winger and founder of BodyChek Wellness and nonprofits the Hemp Heals Foundation and Athletes for CARE, will be coaching young athletes on the ice and educating them about the benefits of hemp to aid in recovery and overall well-being in classroom sessions. Cote developed BodyChek hemp-derived products after experiencing the natural pain management and recovery benefits first-hand.

The camp is free and will consist of warm-ups, on-ice play, educational sessions and special guest speakers. Parents of participants can also see what the hemp hype is all about during a condensed educational session on Friday, July 26. Media attendance is welcome and encouraged.

 

What: Hemp Heals Hockey Wellness Camp

When: July 22-26, 2019

Activities for the week include:

Monday, July 22 – Thursday, July 25: 8:30 a.m. – 12:00 p.m.

  • Off-ice warm up and training
  • On-ice training
  • 30-minute classroom session including topics such as:
  • Nutritional benefits of hemp: a complete superfood, digestible protein source and an ideal ratio of essential fatty acids.
  • Hemp innovation: a hempcrete workshop featuring a hemp house on wheels and education about the viability and endless uses of the hemp plant.
  • Hemp wellness and recovery: managing pain and inflammation, and promoting proper sleep to optimize performance and recovery.
  • Mindful exercise and yoga

Friday, July 26: 8:30 a.m. – 3:00 p.m.

  • Off-ice warm up, training and games
  • Full ice scrimmage
  • Two 30-minute classroom sessions; one for campers and one for parents
  • Mindful exercise and yoga
  • Special appearances including two-time Stanley Cup winner and former Philadelphia Flyers star Dan Carcillo

Where: Steel Ice Center

320 E. 1st. Street

Bethlehem, PA 18015

Interview Opportunities:

  • Riley Cote, retired NHL athlete and founder of BodyChek Wellness and the Hemp Heals Foundation and Athletes for CARE, will be available during the week to speak to the media about this first-of-its-kind camp, BodyChek Wellness products and the mission of his nonprofits.
  • Participants at the camp
  • Parents of the 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



About Us

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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