GRANTS, N.M., May 22, 2023 (GLOBE NEWSWIRE) — Bright Green Corporation (NASDAQ: BGXX) (“Bright Green” or “the Company”), one of the very few companies selected by the U.S. government to grow, manufacture, and sell, legally under federal and state laws, cannabis and cannabis-related products for research, pharmaceutical applications and affiliated export, today announced that it has entered into a securities purchase agreement with a single institutional investor to purchase 3,684,210 shares of common stock and warrants to purchase up to 3,684,210 shares of common stock, at a purchase price of $0.95 per share and accompanying warrant. The gross proceeds to the Company from the private placement are expected to be approximately $3.5 million before deducting the placement agent’s fees and other estimated offering expenses.

The warrants will be immediately exercisable from the date of issuance at an initial exercise price of $0.95 per share, subject to adjustments as set forth therein, and will expire five years from the date of issuance. The closing of the private placement is expected to occur on May 24, 2023, subject to the satisfaction of certain customary closing conditions set forth in the securities purchase agreement.

EF Hutton, division of Benchmark Investments, LLC, is acting as the exclusive placement agent for the offering.

The securities were offered in a private placement under Section 4(a)(2) of the Securities Act of 1933, as amended (the “Act”), and Regulation D promulgated thereunder and have not been registered under the Act, or applicable state securities laws. Accordingly, the securities may not be offered or sold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Act and such applicable state securities laws. Pursuant to a registration rights agreement with the investor, the Company has agreed to file one or more registration statements with the Securities and Exchange Commission (the “SEC”) covering the resale of the shares of common stock and the shares issuable upon exercise of the warrants.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Bright Green

Bright Green is one of the very few companies authorized by the U.S. government to grow, manufacture, and sell, legally under federal and state laws, cannabis and cannabis-related products for research, pharmaceutical applications, and affiliated export. Our registration by the U.S. Drug Enforcement Administration gives us the opportunity to advance our vision of improving quality of life through the opportunities presented by cannabis-derived therapies. To learn more, visit www.brightgreen.us.

Cautionary Note Regarding Forward-Looking Statements:

This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date they were first issued and were based on current expectations, estimates, forecasts and projections as well as the beliefs and assumptions of management as of such date. Words such as “expect,” “anticipate,” “should,” “believe,” “hope,” “target,” “project,” “goals,” “estimate,” “potential,” “predict,” “may,” “will,” “might,” “could,” “intend,” “shall” and variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements. Such forward-looking statements include those related to the closing of the private placement. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond the Company’s control. The Company’s actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to, risks detailed in the Company’s Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, as well as other reports and documents that may be filed by the Company from time to time with the SEC. The forward-looking statements included in this press release represent the Company’s views as of the date of this press release. The Company anticipates that subsequent events and developments will cause its views to change. The Company undertakes no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. These forward-looking statements should not be relied upon as representing the Company’s views as of any date subsequent to the date of this press release. Additional information regarding these and other factors that could affect the Company’s results is included in the Company’s SEC filings, which may be obtained by visiting the SEC’s website at www.sec.gov.

Bright Green Media Contact
BrightGreen@edelman.com

Bright Green Investor Relations Contact
BrightGreenIR@edelman.com

This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.

About Ryan Allway

Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.

Revenues of $32,737,461 vs. $16,217,410 for previous financial year

Gross Profit of $12,307,212 vs. $5,296,974 for previous financial year

TORONTO, Aug. 02, 2022 (GLOBE NEWSWIRE) — Captor Capital Corp. (CSE: CPTR; FRANKFURT: NMVA; STUTTGART: NMVA), (“Captor” or the “Company”), is pleased to announce today the release of its Audited Annual Financial Statements and MD&A for the year ended March 31, 2022. For the twelve months from April 1, 2021 to March 31, 2022 revenues from the sale of cannabis at the Company’s California dispensary network were $32,737,461, with the Company recording a gross profit of $12,307,212. Revenues from cannabis sales were up $16,520,051 (102%) from the previous fiscal year, while gross profit was up $7,010,238 (132%), in the face of a competitive and challenging retail cannabis environment.

“We have maintained our focus on profitability for the fiscal year. I am proud of our leadership in Captor Retail Group (CRG), Adam Wilks, Matthew Emory and Wayne Lipschitz, as we increased our store count, revenue and gross profits in California and continued our path to realize our goal in making CRG one of California’s premier cannabis retail operators,” said Captor Capital CEO John Zorbas. “Sustainable profitability remains our ethos as we manage all challenges and expenses effecting the cannabis sector. Our leadership team is keen to the opportunities ahead and I am confident their operational expertise will navigate us to our goals. While we have achieved significant growth in both revenue and profits this past year, it is our continued belief that these investments will continue to bear significant fruit as we utilize the full resources and capabilities of each of our locations.”

Financial Statement Highlights

On a quarter-by-quarter basis, revenues continue to increase. During the three months ended March 31, 2022, the Company recorded revenues of $9,103,528 from the sale of cannabis at its retail dispensaries compared to $8,404,525 in the previous quarter and $4,337,656 during the three months ended March 31, 2021.

As of March 31, 2022, the Company has assets of $56,416,523, as compared to assets of $60,310,334, on March 31, 2021.

The Company’s net loss increased from ($0.15) per share for the fiscal year ended March 31, 2021, to ($0.28) per share for the fiscal year ended March 31, 2022.

Management Commentary

Captor Retail Group has committed to increasing gross profit and has done so successfully through growth and expansion in a challenging environment. The Company entered fiscal 2021 with six retail dispensaries and has since successfully added three new retail locations. Captor has gone from a staff of 20 to more than 150 full-time and part-time employees and the executive team has proven fit in developing operational talent as the Company focuses on top line revenues and sustainable profitability.

Increasing the retail footprint from six to nine locations and subsequently increasing retail revenue has not come without an investment from the Company. Aggressive expansion and a continued commitment to revenue growth have resulted in a variety of one-time charges for the Company that include, but are not limited to, the cost of acquiring leases, salaries of those involved in expansion, organizational costs of such M&A activity and overall G&A. In addition, the Company endured the ever-present federal regulatory challenges that accompany the cannabis sector. Successfully growing from six to nine retail dispensaries, while managing new store construction, systems integration, and the hiring processes that seemed exacerbated with continued Covid-19 guidelines, is a testament to the leadership and management team that Captor has developed.

Captor remains confident the cannabis portfolio will optimize purchasing power, streamline supply chains, and centralize business activities in the long-term. The growth-related expenses will support the development of operational efficiencies and economies of scale.

Operational Highlights

In May 2021, CRG began operations of its seventh and eighth retail dispensaries in the California cities, Lompoc and Goleta, operating both in-store and delivery transactions.

In December 2021, CRG opened its ninth retail dispensary.

During the twelve months ended March 31, 2022, CRG executed 487,697 total retail transactions of which 17,721 were delivery transactions compared to 243,542 total retail transactions in the previous year ended March 31, 2021.

ADDITIONAL INFORMATION

Additional information relating to the Company’s annual filing is available on SEDAR at www.sedar.com and in the Company’s Annual Financial Statements and in the Management’s Discussion and Analysis for the Year Ended March 31, 2022.

About Captor Capital Corp.

Captor Capital Corp. is a Canadian vertically integrated cannabis company listed on the Canadian Securities Exchange, and the Frankfurt and Stuttgart stock exchanges. Captor provides recreational cannabis products to consumers, as well as other high demand cannabis-based goods. The Company follows a strategy of acquiring cash flowing established companies and organizations with growth potential that require capital to scale.

ADDITIONAL INFORMATION

Additional information relating to the Company’s filing is available on SEDAR at www.sedar.com and in the Company’s Unaudited Financial Statements and in the Management’s Discussion and Analysis for the Year Ended March 31, 2022.

About Captor Capital Corp.

Captor Capital Corp. is a Canadian vertically integrated cannabis company listed on the Canadian Securities Exchange, and the Frankfurt and Stuttgart stock exchanges. Captor provides recreational cannabis products to consumers, as well as other high demand cannabis-based goods. The Company follows a strategy of acquiring cash flowing established companies and organizations with growth potential that require capital to scale.

Dmitri Seleznev,
Communications

Captor Capital Corp.
[email protected]

Forward-Looking Statements

NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

This press release contains or refers to forward-looking information and is based on current expectations that involve a number of business risks and uncertainties. Factors that could cause actual results to differ materially from any forward-looking statement include, but are not limited to availability of investment opportunities, economic circumstances, market fluctuations and uncertainties, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, and the other risks involved in the investment industry and junior capital markets. Forward-looking statements are subject to significant risks and uncertainties, and other factors that could cause actual results to differ materially from expected results. Readers should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and the Company assumes no responsibility to update them or revise them to reflect new events or circumstances other than as required by law.

This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.

About Ryan Allway

Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.

TORONTO, Ontario (July 22, 2022) – Choice Consolidation Corp. (NEO:CDXX.UN.U) (OTCQX:CDXXF) (the “Company”) announced today that its board of directors has determined that the Company will be wound-up in accordance with its articles and the policies of the NEO Exchange and that the Company’s Class A restricted voting units (the “Class A Restricted Voting Units”), each comprised of one Class A restricted voting share (each a “Class A Restricted Voting Share”) and one-quarter of a warrant (a “Warrant”), will be automatically redeemed on or about August 16, 2022, (the “Redemption Date”). The Company’s board of directors has determined that it is in the best interests of the Company and its shareholders for the Company to be wound-up as they do not believe that an appropriate qualifying transaction can be identified and completed within the Company’s permitted timeline.

“While the creation of the legal and regulated cannabis industry presents the opportunity to harness growth potential of a burgeoning industry, the current shifting market conditions and partisan political gridlock have made our current pathway too unpredictable. After careful review and consideration, we believe it is in the best interest of our shareholders to return their investments at a time when it can be better deployed in other vehicles. Our passion and confidence in the cannabis sector have not waned, and I look forward to unlocking future opportunities in the industry,” said Joe Caltabiano, CEO of Choice Consolidation Corp.

The redemption amount per Class A Restricted Voting Unit is anticipated to be U.S.$10.00. Each one-quarter of a Warrant forming part of a Class A Restricted Voting Unit will be redeemed for U.S.$0.10, and the remainder of the redemption price for such Class A Restricted Voting Unit will be payable in respect of the Class A Restricted Voting Share. Payment of the redemption amount, net of applicable taxes and other permitted deductions, will be made effective at the close of business on the Redemption Date and will constitute the Company’s final payment in respect of the liquidation of the escrow account that holds the proceeds of the Company’s initial public offering. There will be no distributions from the escrow account with respect to the Company’s Class B shares or the 5,000,000 Warrants issued to the Company’s sponsors concurrently with the closing of the IPO.

The Company’s Class A Restricted Voting Units will be delisted from the Neo Exchange and the OTCQX Market following the redemption of the Class A Restricted Voting Units.

Choice Consolidation’s acquisition strategy focused on strategically important limited license states, and the company was looking to acquire single-state operators, distressed assets and rehabilitation licenses. However, current conditions favor single-state operators maintaining the status quo until capital is flush to create operating scale. When favorable tax benefits are available and cannabis marketing and branding is normalized nationwide, conditions will improve for single-state operators to enter the public market.

About Choice Consolidation Corp.

Choice Consolidation Corp. is a Special Purpose Acquisition Corporation (SPAC) created to identify existing opportunities toward the development of a new multi-state operator in the rapidly growing cannabis space. Co-founded by leading business pioneers in the industry, Choice Consolidation Corp. leverages years of experience, in-depth industry knowledge and nationwide relationships to acquire businesses in key targeted markets in order to create next-generation multi-state operators. For more information, visit www.choiceconsol.com or contact [email protected] by email.

FOR FURTHER INFORMATION PLEASE CONTACT:

Media Contact:

Choice Consolidation Corp.

Shawna Seldon McGregor

E: [email protected]

P: 917.971.7852

Investor Relations Contact:

Cody Slach or Jackie Keshner

E: [email protected]

P: 949.574.3860

Superfoods refer to nutrient-rich foods that convey positive health benefits. While catechin-rich green tea, fisetin-rich strawberries, and omega-3-rich walnuts are well-known superfoods, coca leaves remain relatively undiscovered due to their association with cocaine. But fortunately, decocainized coca leaves open the door to new possibilities.

Let’s take a deep dive into the nutritional benefits of coca leaves and how you can invest in one of the only companies bringing them to market.

What’s in Coca Leaves?

Coca leaves have been used for centuries as a natural herbal remedy for upset stomach, environmental stress, weight loss, and energy. In fact, indigenous cultures across South America still consume raw coca leaves regularly to achieve these health benefits. However, importing raw coca leaves into the U.S. is illegal due to their cocaine content.

Power Leaves Corp. plans to use state-of-the-art extraction technologies to decocainize coca leaves and bring premium extracts to the U.S. market. These extracts will provide the enormous potential health benefits of coca leaves to energy drinks, protein bars, and other convenient product formats for athletes and health-conscious individuals.

Coca leaves have four core benefits:

• High Protein – Coca leaf extract has 72% more protein than average plant-based foods, according to a Harvard analysis of protein requirements, with 19 grams of protein per 100 grams of extract. In other words, consumers can meet one-third of their protein intake requirements with just 100 grams of coca extract.
• Polyphenols – Coca leaf extract has three grams of polyphenols per 100 grams of extract, which is three times greater than what most consumers take in each day. In addition, unique processes could improve bioavailability compared to other sources, according to the company’s literature.
• Low GI Carbs – Coca leaf extract provides 44 grams of carbohydrates per 100 grams of extract but has a low glycemic index to maintain ideal blood sugar levels.
• High Calorie/ Fuel – Coca leaf extract provides over 300 calories per 100 grams, translating to 10% more calorie content than other plant-based foods. However, these calories stem mainly from protein and low-GI carbohydrates, making them “healthier” calories.

Coca leaves also provide other nutrients:

* Data from a company-provided nutritional analysis. Daily values from MyPlate.gov.

A Potential Game-Changer

The functional food and beverage market will grow from $258.8 billion in 2020 to nearly $530 billion by 2028, according to Fortune Business Insights, representing a 9.5% compound annual growth rate. Consumers are increasingly seeking nutrient-enhanced foods to improve their health while new product development is supercharging growth.

Coca could follow in the footsteps of hemp – another superfood held back by prohibition in the past. According to IMARC, the global hemp-based food market exceeded $1 billion in 2021 and could reach nearly $3 billion by 2025, representing a 15.52% compound annual growth rate. That’s about 50% faster than the broader functional food market.

Coca leaf extract is well-suited for the functional food and beverage industry, given its nutritional profile. In particular, it provides a high-protein, high-calorie, low-fat, and low-GI food source for the fitness community, along with antioxidants and essential micronutrients that may appeal to those seeking a healthier overall diet.

Investing in the Coca Market

Power Leaves Corp. is the first and only private commercial business to sign a government-approved 15-year exclusive license to extract, manufacture, and distribute decocainized coca-based products in the United States. The company achieved this status through its partnership with an indigenous group with a UN exemption.

The company plans to initially provide bulk extract to food and beverage customers across the U.S. Soon after, it plans to launch its organic and liquid biofertilizer products along with a coca-infused energy drink and tequila. These markets garner hundreds of billions of dollars in annual sales, translating to a significant opportunity for investors.

While it plans to list on the NASDAQ over the next nine to 12 months, investors can participate in a private placement of up to 22,222,222 units consisting of one common share and one-half share purchase warrants (for one common share at US$0.60 for 24 months). For more information, email [email protected] or sign up using the form below.

This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.

About Ryan Allway

Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.

This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.

Hero Technologies Inc. (OTC: HENC) is focused on building a vertically integrated cannabis operation in Michigan that will expand to become a multi-state operation. The company is currently in the midst of the licensing process in Michigan. In anticipation of receiving the appropriate licenses, Hero has been laying the groundwork for construction of a large cultivation facility on a 120 acre site in Pulaski, Michigan.

The operation is based on cutting edge technologies aimed at maximizing crop yield and quality while minimizing cost and waste. Hero’s majority-owned subsidiary, Blackbox Systems and Technologies, is leading the effort in Michigan and the Blackbox aeroponic cultivation system lies at the heart of the company’s strategy.

CFN sat down with Blackbox CEO and Founder Marc Kasabasic to discuss the company’s technology, the sustainable and efficient design of the facility, and Hero’s strategy to start in Michigan and branch out from there.

• What is your background and what inspired you to create Blackbox?

My background is in Engineering and Architecture, specializing in large-scale structural infrastructure testing. I have a BSCE in Civil Engineering and a BSARCH in Architecture. I then got my MSCE in Structural Engineering at Lawrence Technological University (LTU) in Southfield MI. I am currently a research project engineer at LTU in the Center for Innovation Material Research (CIMR) specializing in large-scale testing. I am responsible for 22,000 square feet of high-tech testing facilities. I have a strong background in environmental and industrial control systems. I was a carpenter for years during high-school and college years, so not only do I like to test things, I like to build them as well.

Click here to learn more about investing in Hero Technologies

In 2010, Michigan opened up for medial cannabis and my partner Hank Pielack and I co-founded the Blackbox Project. We started this as a hobby, but quickly grew into a high-tech research project to solve some industry problems. We wanted a system that was the most precise delivery system for plants. This system needed to solve the structural component issue with aeroponic systems to allow large-growing plants to thrive in an artificial environment.

We recognized a number of industry problems, including excess waste, use of pesticides, and an excessive amount of labor force required to perform simple daily tasks. The aeroponic system reduces the amount of labor needed to operate the system, thus reducing the labor staff.

Hank and I personally use the cannabis plant and would promote our clean, sustainable, and earth friendly product over any other system on the market.

• Please explain to our audience what the Blackbox aeroponics growing method is, what makes it unique, and how it is a benefit to the overall operation.

Our Blackbox system has really evolved over the past 12 years of tinkering with and improving the design. We’ve been honing the system to provide the most precise and beneficial mix of nutrients, air, and water simultaneously. In general, aeroponics technologies have come a long way, and we have customized what’s available to fit our own concepts.

The Blackbox system allows the plants to grow in air, using zero media. This in turn results in sustainable, efficient, and economic practices by eliminating a raw material. Also, by not using a media, pesticides are also eliminated due to the sterile growing environment. The system is a closed-loop system, meaning the water used is recaptured, reconditioned and sent back to the plants. BlackBox is modular for any scaled project, from acres of plants down to homegrown setups.

• What is a sun chamber, and how does it differ from a greenhouse? What are the benefits?

The Ceres SunChamber is more than a greenhouse. It is a holistic system – a completely sealed grow environment characterized by its light and warmth harvesting and climate control capabilities. It is an all inclusive design of the perfect growing environment for all components needed A-Z.

The combination of a glass ceiling that allows high light-transmittance with insulated metal walls ensure energy efficiency and maximum climate control over the growing environment. Sealed cannabis greenhouses also increase biosecurity and do not allow odors to escape or leak out. SunChambers are high-performance sealed greenhouse systems that maintain the Vapor Pressure Deficit (VPD) required to cultivate superior cannabis plants.

Cooling and heating a cannabis greenhouse can often be expensive. Blackbox leverages the technology of the Ceres EcoLoop geothermal HVAC system, a renewable energy source that utilizes the earth’s steady temperature to create precise, desired climates in each of the SunChambers.

The SunChambers also allow smaller batches of up to 500 plants at a time. Biosecurity is maintained by isolation of each SunChamber if any problems were to happen in the facility. Large open greenhouses are susceptible to infestation, wiping out the entire crop if left un-checked.

• How does your grow technology support sustainability?

Ceres SunChambers are 7 times more efficient than an indoor cultivation operation, and 3.5 times more efficient than standard greenhouses. So energy use is greatly decreased. Then the Blackbox aeroponics systems adds another layer of sustainability. Zero media waste, zero pesticides, ultra-low precise water usage… it all adds up to the most sustainable, lowest impact, most efficient design we can implement.

• Why did you choose to begin your multi-state strategy in Michigan, and what is the status of your license application there?

Michigan is the home of both of the Blackbox founders. Hank and I grew up in Dunham Hills in Hartland, Michigan. We have deep-rooted family and business ties in the construction trades throughout the region. We love it here, so why wouldn’t we start our business here?

But Michigan has a number of other things going for it as well. It is one of the largest and fastest growing legal cannabis markets in the country. The regulatory environment is very friendly to a business like ours. The Michigan Regulatory Agency (MRA) does a great job shepherding the industry in the state. And centrally-located Michigan would be an ideal spot for a national distribution operation should the US government make cannabis federally legal.

Click here to learn more about investing in Hero Technologies

Blackbox and Hero Technologies have completed and been approved by MRA through step 1 (of a 2-step process) for both recreational and medial cannabis operations. We have also completed application and been approved by the local Pulaski Township Board for 3 Class-C Medical cannabis cultivation licenses.

• Why is Pulaski a good location for your operations?

Pulaski is located in south/central Michigan and can service the entire state of Michigan with ease. Also, Pulaski Township has placed a cap on any new medical cannabis licenses which limits local competition. Add in the ideal location for a national distribution center and we really like where we are.

• Is there anything else you would like to share with potential investors?

Stick with us if you know our story, and join in if you are finding out about us for the first time! We are very excited to get the project off the ground and realize the fruits of our 12 years of research and development.

Disclaimer

The above article is sponsored content. CannabisFN.com and CFN Media, have been hired to create awareness. Please follow the link below to view our full disclosure outlining our compensation: http://www.cannabisfn.com/legal-disclaimer/

This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.

About Robin Lefferts

Robin Lefferts has been involved in the legal cannabis industry since 2012, sometimes as an active participant and always as an interested observer.

The state of Michigan is one of the hottest legal cannabis markets in the United States. According to Andrew Brisbo, Executive Director of Michigan’s Marijuana Regulatory Agency, the state recently passed the $3 billion dollar mark in total sales since October 2018. For 2021 alone, total sales topped $1.79 billion. The industry has been growing steadily in Michigan since its inception. In the graph below, the bottom orange line represents medical sales, the middle gray line is recreational sales, and the top yellow line is the total sales.

Source: Michigan Marijuana Regulatory Agency

Michigan’s market is ranked the 7th largest in the US and is knocking on the doors of more established and larger markets like Illinois, Oregon, and Massachusetts. Considering the growth there, and the generally friendly regulatory environment, Michigan would be a logical choice as a place to start for a company with ambitions to become a successful multi-state operator (MSO).

Click here to learn more about investing in Michigan Cannabis

Hero Technologies Inc. (OTC: HENC) is one company that has taken notice and is acting on it. The company has completed the prequalification process for licensing in Michigan and is contemplating the construction of a large cultivation facility in the state. Let’s take a look at what Hero Technologies is up to and where the business might be headed.

Innovative Cultivation System

Hero Technologies owns a majority, controlling interest in  BlackBox Systems and is applying for licenses through this subsidiary. BlackBox, and its founder and CEO Marc Kasabasic, have been operating in Michigan as medical caregivers. With Hero’s backing, the company is looking to greatly expand operations in the state with new adult-use and medicinal licenses. The key to the company’s approach is a patent-pending aeroponic cultivation system. In the video below, Kasabasic discusses the innovative system and its capabilities.

[embedded content]

Potential advantages of the system include extensive automation, elimination of soils and other substrates, no pesticides, decrease in parasite risk, and high efficiency. The proposed cultivation facility employs the use of sun chambers, rather than a typical greenhouse design. Sun chambers are built like normal buildings, with insulated walls, but have glass roofs to allow for sunlight. The design is sturdier in the face of severe weather than a full greenhouse while taking advantage of both the heat retention of traditional structures and the reduced lighting requirements of greenhouses.

The 120 acre site in Pulaski, MI has been chosen and much work has been done on the design and permitting processes with the various local and state regulators. Hero Technologies plans to use the facility as the cornerstone of its vertically integrated business model. The company’s strategic business plan includes cannabis genetic engineering, farmland for both medical and recreational cannabis cultivation, production licenses, distribution licenses, consumer packaging, and retail and dispensary operations that make the company a multi-state operator.

Hero Technologies is in the process of upgrading its listing with OTC Markets to the OTCQB level. OTCQB companies have heightened certification and reporting requirements that ensure a high level of transparency for potential investors and stakeholders.

Investors are encouraged to keep an eye on Hero Technologies’ developments over the coming quarters. Hero represents an early-stage opportunity in the flourishing Michigan legal cannabis market, and the company hopes to expand well beyond those borders in the coming years. Stay tuned.

Click here to learn more about investing in Michigan Cannabis

Disclaimer

The above article is sponsored content. CannabisFN.com and CFN Media, have been hired to create awareness. Please follow the link below to view our full disclosure outlining our compensation: http://www.cannabisfn.com/legal-disclaimer/

This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.

About Robin Lefferts

Robin Lefferts has been involved in the legal cannabis industry since 2012, sometimes as an active participant and always as an interested observer.

NEW YORK, March 02, 2022 (GLOBE NEWSWIRE) — via InvestorWire — Flora Growth Corp. (NASDAQ: FLGC) today announces its placement in an editorial published by NetworkNewsWire (“NNW”), one of 50+ trusted brands within the InvestorBrandNetwork (“IBN”), a multifaceted financial news and publishing company for private and public entities.

To view the full publication, titled “2022 Primed after 2021’s Record M&A Deals,” please visit: https://nnw.fm/5Ae41

Last year was a monumental year for merger and acquisition activity. Records worldwide weren’t just broken, they were smashed by M&A activity reaching a stunning $5.9 trillion, up 64% from 2020 while representing the highest volume since 1980. More than 63,000 M&A transactions were completed as companies found new avenues to growth against the backdrop of a lingering COVID-19 pandemic, rising inflation and disrupted supply chains.

The sharpest increase in deal flow came from the United States, which experienced an 82% surge. Companies from all different sectors and industries joined forces to position for continued future success, including diversified CPG wellness company Flora Growth Corp., which recently made a significant acquisition to fuel expansion into the U.S. market.

About Flora Growth Corp.

Flora is building a connected, design-led collective of plant-based wellness and lifestyle brands delivering the most compelling customer experiences in the world, one community at a time. As the operator of one of the largest outdoor cannabis cultivation facilities, Flora leverages natural, cost-effective cultivation practices to supply cannabis derivatives to its diverse business divisions of cosmetics, hemp textiles, and food and beverage.

For more information about this company, visit www.FloraGrowth.ca or follow @floragrowthcorp on social.

NOTE TO INVESTORS: The latest news and updates relating to FLGC are available in the company’s newsroom at https://ibn.fm/FLGC.

About NetworkNewsWire

NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness.

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Working with its partners in Colombia, CannabCo has compiled an economic assessment report related to their operations in Colombia.  The report outlines CannabCo’s 5 major projects in relation to their economic impact on each region of operation.  Three of the operations are in the Cundinamarca region approximately one hour outside Bogota, the country’s capital, while the remaining two projects are located in the Meta region in the area around Villavicensio.

BOCA RATON, Fla., Feb. 23, 2022 (GLOBE NEWSWIRE) — Stem Holdings, Inc. (OTCQX: STMH) (CSE: STEM) (the “Company” or “Stem”), a vertically integrated cannabis operator, today announced its financial results for the fiscal first quarter 2022 ended December 31, 2021. All amounts are expressed in U.S. dollars unless indicated otherwise and are prepared under International Financial Reporting Standards (“IFRS”).

Steve Hubbard, Interim CEO and CFO of Stem, commented, “Our financial results during our fiscal first quarter 2022 reflects a period of transition as we divested our e-commerce and delivery wholly owned subsidiary on December 15, 2021. The recent business decisions we have made with Driven Deliveries and other non-core assets puts us on a path to positive working capital. We have decided to focus the majority of our resources on cultivation facilities in Oregon and retail stores in Oregon and California where, in particular, we have significant room for growth in the cultivation operations as we have recently been producing at less than 50% capacity.”

Financial Results for the Fiscal First Quarter 2022:
Revenue for the fiscal first quarter 2022 totaled $4.9 million, a decrease of 21% as compared to $6.2 million for the same period the year prior. Net revenue after discounts and returns totaled $4.2 million, a decrease of 20.1% as compared to $5.3 million for the same period the year prior, a decrease in retail sales resulting from general market conditions.

During the fiscal first quarter 2022, the Company reported impairment expense of $800 thousand predominately related to the impairment of investments and a non-refundable deposit.

The Company had other income during the three months ended December 31, 2021, of $2.4 million compared to other expenses of $.3 million for the comparable period of 2020, the increase in other income was primarily related to the change in fair value of warrant liabilities. In the three months ended December 31, 2021, we had recognized a loss from discontinued operations of $1.745 million related to the divesture of Driven compared to a loss of $.144 million in the comparable period of the prior year.

On December 31, 2021, we had working capital of approximately $1.3 million, which included cash and cash equivalents of $3.3 million. We reported a net loss of approximately $4.2 million and our net cash used in operating expenses totaled $2.0 million, our cash used in investing activities was $0.1 million and cash flows used in financing activities totaled $0.1 million. Total liabilities as of December 31, 2021 were reduced to $14.2 million as compared to $23 million as of September 30, 2021.

About Stem Holdings, Inc.
Stem is a multi-state, vertically integrated, cannabis company that, through its subsidiaries and its investments, is engaged in the cultivation, processing, packaging, distribution and branding of cannabis, hemp and their derivatives, including oils, edibles, concentrates. Additionally, the Company purchases, improves, leases, operates, and invests in properties for use in the production, distribution and sales of cannabis and cannabis-infused products licensed under the laws of the states of Oregon, Nevada, California, Massachusetts, and New York. As of December 31, 2021, Stem had ownership interests in 24 state issued cannabis licenses including nine (9) licenses for cannabis cultivation, three (3) licenses for cannabis processing, two (2) licenses for cannabis wholesale distribution, three (3) licenses for hemp production and seven (7) cannabis dispensary licenses.

Forward-Looking Statements
This news release contains forward-looking statements and information (collectively, “forward-looking statements”) within the meaning of applicable Canadian securities laws. Forward-looking statements are statements and information that are not historical facts but instead include financial projections and estimates, statements regarding plans, goals, objectives, intentions and expectations with respect to the future business, operations, expected financial position as a result of the divestiture of Driven Deliveries, and phrases containing words such as “ongoing”, “estimates”, “expects”, or the negative thereof or any other variations thereon or comparable terminology referring to future events or results, or that events or conditions “will”, “may”, “could”, or “should” occur or be achieved, or comparable terminology referring to future events or results. Factors that could cause actual results to differ materially from any forward-looking statement include, but are not limited to, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects and the other risks involved in the mineral exploration and development industry. Forward-looking statements are subject to significant risks and uncertainties, and other factors that could cause actual results to differ materially from expected results. Readers should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and the Company assumes no responsibility to update them or revise them to reflect new events or circumstances other than as required by law.

Investor Contact:
KCSA Strategic Communications
Valter Pinto, Managing Director
+1 212.896.1254
[email protected]

Media Contact:
Mauria Betts
Director of Branding and Public Relations
971.266.1908
[email protected]

This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.

About Ryan Allway

Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.