michigan – MJ Shareholders https://mjshareholders.com The Ultimate Marijuana Business Directory Tue, 11 Jul 2023 18:09:04 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.5 Fawn River Cultivation Company and BioLumic Unleash a New Era of Cannabis Varieties in Michigan https://mjshareholders.com/fawn-river-cultivation-company-and-biolumic-unleash-a-new-era-of-cannabis-varieties-in-michigan/ Tue, 11 Jul 2023 18:09:04 +0000 https://cannabisfn.com/?p=2973866

Disclaimer: Matters discussed on this website contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. CFN Media Group, which owns CannabisFN, is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. CFN Media Group, which owns CannabisFN, may from time-to-time have a position in the securities mentioned herein and will increase or decrease such positions without notice. The Information contains forward-looking statements, i.e. statements or discussions that constitute predictions, expectations, beliefs, plans, estimates, or projections as indicated by such words as “expects”, “will”, “anticipates”, and “estimates”; therefore, you should proceed with extreme caution in relying upon such statements and conduct a full investigation of the Information and the Profiled Issuer as well as any such forward-looking statements. Any forward looking statements we make in the Information are limited to the time period in which they are made, and we do not undertake to update forward looking statements that may change at any time; The Information is presented only as a brief “snapshot” of the Profiled Issuer and should only be used, at most, and if at all, as a starting point for you to conduct a thorough investigation of the Profiled Issuer and its securities and to consult your financial, legal or other adviser(s) and avail yourself of the filings and information that may be accessed at www.sec.gov, www.pinksheets.com, www.otcmarkets.com or other electronic sources, including: (a) reviewing SEC periodic reports (Forms 10-Q and 10-K), reports of material events (Form 8-K), insider reports (Forms 3, 4, 5 and Schedule 13D); (b) reviewing Information and Disclosure Statements and unaudited financial reports filed with the Pink Sheets or www.otcmarkets.com; (c) obtaining and reviewing publicly available information contained in commonlyknown search engines such as Google; and (d) consulting investment guides at www.sec.gov and www.finra.com. You should always be cognizant that the Profiled Issuers may not be current in their reporting obligations with the SEC and OTCMarkets and/or have negative signs at www.otcmarkets.com (See section below titled “Risks Related to the Profiled Issuers, which provides additional information pertaining thereto). For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. CFN Media Group, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity-based compensation in the companies it writes about, or a combination of the two. For full disclosure, please visit: https://www.cannabisfn.com/legal-disclaimer/. A short time after we acquire the securities of the foregoing company, we may publish the (favorable) information about the issuer referenced above advising others, including you, to purchase; and while doing so, we may sell the securities we acquired. In addition, a third-party shareholder compensating us may sell his or her shares of the issuer while we are publishing favorable information about the issuer. Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. CFN Media Group, which owns CannabisFN, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. CFN Media Group, which owns CannabisFN, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. CFN Media Group, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two. For full disclosure please visit: https://www.cannabisfn.com/legal-disclaimer/.

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The Legend Grows in Michigan https://mjshareholders.com/the-legend-grows-in-michigan/ Fri, 19 May 2023 16:28:20 +0000 https://cannabisfn.com/?p=2973135

Ryan Allway

May 19th, 2023

News, Top News, Top Story


TerrAscend Debuts Legend in the Great Lakes State

TORONTOMay 19, 2023 /CNW/ – TerrAscend Corp. (“TerrAscend” or the “Company”) (CSE: TER) (OTCQX: TRSSF), a leading North American cannabis operator, today announced that its subsidiary, Gage Cannabis Co. (“Gage”), has launched Legend, a cannabis brand providing consumers with top-quality flower at everyday prices, in Michigan. Legend products will be available at all 19 of TerrAscend’s retailers statewide, including Gage, Cookies and Pinnacle Emporium locations.

Legend aims to preserve the simplicity of cannabis and all that it has to offer with good strains, grown right, at a great price. Guided by the many generations that have fought to keep the plant’s unrivaled traditions alive, Legend embraces the entourage effect, harnessing the synergy of cannabinoids and terpenes to deliver a well-rounded and balanced cannabis experience. Legend enhances the everyday by curating products that are both sessionable and affordable — because when every day is fun, it’s also legendary. The initial Michigan product launch features three strains of Legend’s expertly dried and cured flower, including Indica, Sativa and Hybrid strains, available in 14g and 28g. In addition to the Michigan launch, Legend is currently available in Pennsylvania and New Jersey, with plans to expand to new markets in the near future.

In the coming months, TerrAscend plans to offer additional Legend products in Michigan, including more of its consistently balanced flower, pre-rolls, and vape cartridges.

“We’re excited to bring Legend’s exceptional cannabis at affordable everyday prices to the second-largest cannabis market in the U.S.,” said Jason Wild, Executive Chairman of TerrAscend. “We’re committed to exceeding market expectations by providing a wide selection of products, and Legend always offers great strains and great times at the right price.”

TerrAscend has dedicated significant shelf space to the display and sale of Legend at its locations in AddisonAdrianAnn ArborBattle CreekBuchananBurtonCamdenCenter LineDetroitEdmoreFerndaleGrand RapidsJacksonKalamazooLansingMorenciOxford and Traverse City.

For more information on how to find Legend products, please visit www.grownlegend.com or on Instagram @grownlegend.

About TerrAscend

TerrAscend is a leading North American cannabis operator with vertically integrated operations in PennsylvaniaNew JerseyMarylandMichigan and California and retail operations in Canada. TerrAscend operates The Apothecarium and Gage dispensary retail locations as well as scaled cultivation, processing, and manufacturing facilities in its core markets. TerrAscend yields consistent, high-quality cannabis, providing industry-leading product selection to both the medical and legal adult-use markets. The Company owns several synergistic businesses including Gage Cannabis, The Apothecarium, Ilera Healthcare, Kind Tree, Legend, State Flower, and Valhalla Confections. For more information visit www.terrascend.com.

About Gage

Gage is a premier provider of the high-quality cannabis experience that consumers crave. We bring internationally renowned brands and high end products to the cannabis space. Throughout our journey to becoming the market’s choice cannabis provider, we have leaned into creativity and innovation to successfully build our various licensed cultivation, processing and retail operations. We strive to continue our passion of providing the cannabis consumer with the world-class premium cannabis products they want and deserve. To learn more about Gage’s mission for the everyday canna-connoisseur, visit www.gagecannabis.com.

Caution Regarding Cannabis Operations in the United States

Investors should note that there are significant legal restrictions and regulations that govern the cannabis industry in the United States. Cannabis remains a Schedule I drug under the US Controlled Substances Act, making it illegal under federal law in the United States to, among other things, cultivate, distribute or possess cannabis in the United States. Financial transactions involving proceeds generated by, or intended to promote, cannabis-related business activities in the United States may form the basis for prosecution under applicable US federal money laundering legislation.

While the approach to enforcement of such laws by the federal government in the United States has trended toward non-enforcement against individuals and businesses that comply with medical or adult-use cannabis programs in states where such programs are legal, strict compliance with state laws with respect to cannabis will neither absolve TerrAscend of liability under U.S. federal law, nor will it provide a defense to any federal proceeding which may be brought against TerrAscend. The enforcement of federal laws in the United States is a significant risk to the business of TerrAscend and any proceedings brought against TerrAscend thereunder may adversely affect TerrAscend’s operations and financial performance.

Forward Looking Information

This news release contains “forward-looking information” within the meaning of applicable securities laws. Forward-looking information contained in this press release may be identified by the use of words such as, “may”, “would”, “could”, “will”, “likely”, “expect”, “anticipate”, “believe, “intend”, “plan”, “forecast”, “project”, “estimate”, “outlook” and other similar expressions. Forward-looking information is not a guarantee of future performance and is based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors relevant in the circumstances, including assumptions in respect of current and future market conditions, the current and future regulatory environment, and the availability of licenses, approvals and permits.

Although the Company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because the Company can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements. Forward-looking information is subject to a variety of risks and uncertainties that could cause actual events or results to differ materially from those projected in the forward-looking information. Such risks and uncertainties include, but are not limited to, current and future market conditions; risks related to federal, state, provincial, territorial, local and foreign government laws, rules and regulations, including federal and state laws in the United States relating to cannabis operations in the United States; and the risk factors set out in the Company’s most recently filed MD&A, filed with the Canadian securities regulators and available under the Company’s profile on SEDAR at www.sedar.com and in the section titled “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022 filed with the Securities and Exchange Commission on March 16, 2023.

The statements in this press release are made as of the date of this release. TerrAscend disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

SOURCE TerrAscend

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.


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TerrAscend and Cookies Celebrate the Grand Opening of Cookies Jackson https://mjshareholders.com/terrascend-and-cookies-celebrate-the-grand-opening-of-cookies-jackson/ Fri, 02 Dec 2022 19:44:38 +0000 https://www.cannabisfn.com/?p=2970554

Ryan Allway

December 2nd, 2022

News, Top News


TerrAscend’s Gage Cannabis Opens Fourth Cookies Dispensary in Michigan

TORONTODec. 2, 2022 /CNW/ – TerrAscend Corp. (“TerrAscend” or the “Company”) (CSE: TER) (OTCQX: TRSSF), a leading North American cannabis operator, today announced that its subsidiary, Gage Cannabis Co. (“Gage”), opened a new flagship cannabis provisioning center in Jackson, Michigan. Located at 118 N Columbus Street, the dispensary will be operated by Gage through a partnership with Cookies, the leading lifestyle and cannabis brand in North America.

TerrAscend Logo (CNW Group/TerrAscend)
TerrAscend Logo (CNW Group/TerrAscend)

Michigan cannabis consumers are educated connoisseurs just like Californians,” said Berner, Co-Founder and CEO of Cookies. “I’m a big fan of the vibes and distinctive cannabis culture in Michigan, and I’m looking forward to bringing more of our celebrated cannabis cultivars and unique Cookies customer experiences to one of the biggest up-and-coming markets in the country.”

“Gage is excited to bring the acclaimed Cookies experience to more cannabis enthusiasts in the Midwest,” said Gage’s President, Mike Finos. “This expansion reiterates the strength of our partnership with Berner and Cookies, the most recognized names in cannabis.”

Cookies Jackson will carry the entire family of Cookies products, including but not limited to the Cookies, Lemonnade, Runtz, Minntz and Grandiflora lines.

To celebrate its grand opening, Cookies Jackson will offer on-site activations, including a live DJ, food trucks, vendors and special giveaways from 10:00 am to 5:00 pm on December 2. Cookies Jackson will be open daily from 10:00 am to 9:00 pm.

In addition to the new Cookies provisioning center, Gage has dedicated significant shelf space to the display and sale of Cookies products at their Gage locations in AdrianBurtonBattle CreekFerndaleGrand RapidsKalamazooLansing, and Traverse City.

More information can be found at www.cookiesmichigan.com or on Instagram @cookies.michigan

About TerrAscend

TerrAscend is a leading North American cannabis operator with vertically integrated operations in PennsylvaniaNew JerseyMichigan and California, licensed cultivation and processing operations in Maryland and licensed production in Canada. TerrAscend operates The Apothecarium and Gage dispensary retail locations as well as scaled cultivation, processing, and manufacturing facilities in its core markets. TerrAscend’s cultivation and manufacturing practices yield consistent, high-quality cannabis, providing industry-leading product selection to both the medical and legal adult-use markets. The Company owns several synergistic businesses and brands including Gage Cannabis, The Apothecarium, Ilera Healthcare, Kind Tree, Prism, State Flower, Valhalla Confections, and Arise Bioscience Inc. For more information, visit www.terrascend.com.

About Cookies

Cookies, founded in 2010 by Billboard-charting rapper and entrepreneur Berner and Bay Area breeder and cultivator Jai, is the most globally recognized cannabis company in the world. Cookies values the power of the plant and focuses on creating game-changing genetics. The company offers a collection of over 70 proprietary cannabis cultivars and more than 2,000 products. Cookies also actively works to enrich communities disproportionately impacted by the War on Drugs through advocacy and social equity initiatives. Headquartered in San Francisco, the company opened its first retail store in 2018 in Los Angeles, and has since expanded to over 50 retail locations in 17 markets across 5 countries. Cookies was named one of America’s Hottest Brands of 2021 by AdAge; the first cannabis brand to ever receive this accolade. To learn more about Cookies, visit cookies.co, and to learn more about Cookies CBD, visit shop.cookies.co/.

Caution Regarding Cannabis Operations in the United States

Investors should note that there are significant legal restrictions and regulations that govern the cannabis industry in the United States. Cannabis remains a Schedule I drug under the US Controlled Substances Act, making it illegal under federal law in the United States to, among other things, cultivate, distribute or possess cannabis in the United States. Financial transactions involving proceeds generated by, or intended to promote, cannabis-related business activities in the United States may form the basis for prosecution under applicable US federal money laundering legislation.

While the approach to enforcement of such laws by the federal government in the United States has trended toward non-enforcement against individuals and businesses that comply with medical or adult-use cannabis programs in states where such programs are legal, strict compliance with state laws with respect to cannabis will neither absolve TerrAscend of liability under U.S. federal law, nor will it provide a defense to any federal proceeding which may be brought against TerrAscend. The enforcement of federal laws in the United States is a significant risk to the business of TerrAscend and any proceedings brought against TerrAscend thereunder may adversely affect TerrAscend’s operations and financial performance.

Forward Looking Information

This news release contains “forward-looking information” within the meaning of applicable securities laws. Forward-looking information contained in this press release may be identified by the use of words such as, “may”, “would”, “could”, “will”, “likely”, “expect”, “anticipate”, “believe, “intend”, “plan”, “forecast”, “project”, “estimate”, “outlook” and other similar expressions. Forward-looking information is not a guarantee of future performance and is based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors relevant in the circumstances, including assumptions in respect of current and future market conditions, the current and future regulatory environment, and the availability of licenses, approvals and permits.

Although the Company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because the Company can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements. Forward-looking information is subject to a variety of risks and uncertainties that could cause actual events or results to differ materially from those projected in the forward-looking information. Such risks and uncertainties include, but are not limited to, current and future market conditions; risks related to federal, state, provincial, territorial, local and foreign government laws, rules and regulations, including federal and state laws in the United States relating to cannabis operations in the United States; and the risk factors set out in the Company’s most recently filed MD&A, filed with the Canadian securities regulators and available under the Company’s profile on SEDAR at www.sedar.com and in the section titled “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021 filed with the Securities and Exchange Commission on March 17, 2022 and as amended on March 24, 2022.

The statements in this press release are made as of the date of this release. TerrAscend disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

Gage Cannabis Co. Logo (CNW Group/TerrAscend)
Gage Cannabis Co. Logo (CNW Group/TerrAscend)

SOURCE TerrAscend

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.


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‘Cannabis Dispensary of the Future’ NOXX Announces New Cookies Dispensary Partnership in Grand Rapids https://mjshareholders.com/cannabis-dispensary-of-the-future-noxx-announces-new-cookies-dispensary-partnership-in-grand-rapids/ Tue, 18 Oct 2022 18:49:45 +0000 https://www.cannabisfn.com/?p=2965982

Ryan Allway

October 18th, 2022

News, Top News


Global Cannabis Brand Cookies Taps Veteran Operators NOXX To Bring Proprietary Genetics and World-Class Cannabis Products To Grand Rapids

GRAND RAPIDS, Mich., October 18, 2022–(BUSINESS WIRE)–NOXX, a Michigan-based cannabis retailer and product manufacturer, today announced a retail and distribution partnership with international cannabis lifestyle brand Cookies that includes a new 3,000-square-foot Cookies flagship retail location opening in November in Grand Rapids, which will be the only one in the region. The partnership marks the latest phase of NOXX’s community-focused growth plan, where NOXX’s flagship Grand Rapids dispensary on 28th Street has already served thousands in the West Michigan community.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221018005426/en/

Rendering of new Cookies dispensary opening in Grand Rapids, Michigan (Photo: Business Wire)

Located just off of I-131 and Ann Street at 330 Ann St. NW, Cookies Grand Rapids provides access to the entire West Michigan region the distinctive shopping experience Cookies retail locations are lauded for while being uniquely curated with design elements inspired by the local community, including a local reserve apparel line specific to Grand Rapids. Customers will also have access to the largest selection of Cookies premium-quality products in the state, with offerings from Cookies, Lemonnade, Runtz, Powerzzzup Genetics, Minntz and Grandiflora product lines.

The NOXX flagship on 28th Street and the NOXX store opening soon at 1234 Plainfield will also include “Cookies Corners”, a modern store-within-a-store retail experience featuring Cookies branded wall displays, accessories and a selection of Cookies award-winning cannabis products unavailable anywhere else in the region. Cookies, founded by rapper and entrepreneur Berner, opened its first Michigan storefront in 2020 and currently operates locations in Ann Arbor, Detroit and Kalamazoo.

“Cookies is one of the most well-respected cannabis brands in the world and NOXX is proud to bring the largest selection of Cookies’ proprietary genetics and world-class products to Grand Rapids,” said Tommy Nafso, CEO and founder of NOXX. “​​NOXX is brewing something special in Michigan and this partnership with Cookies drastically increases access to top-shelf cannabis in Grand Rapids’ thriving cannabis community.”

Powered by NOXX’s best-in-class e-commerce shopping experience, Cookies in Grand Rapids customers will be able to browse and order hundreds of products online, with the option for home delivery or in-store pickup at the shop’s dedicated to-go window. To celebrate the grand opening of Cookies newest Michigan retail location, the West Michigan community is invited to a ribbon cutting celebration in late November 2022 that will include a live DJ, local food, free giveaways and an exclusive after party hosted by NOXX.

“Michigan is one of my favorite cannabis markets in the country because of the community’s appreciation for high-quality herb and hash,” said Berner, Co-Founder and CEO of Cookies. “Our Michigan customers are loyal and they can expect an evolving menu that will spoil the lungs of smokers and connoisseurs.”

As a company committed to creating a more inclusive world through the power of cannabis, NOXX will hire a minimum of 25% of employees for its Cookies in Grand Rapids store from Grand Rapids Neighborhoods of Focus, 17 census tracts that the city has determined suffer as a result of systemic and historic inequities.

To learn more about NOXX and its future planned dispensary locations, visit noxx.com.

About NOXX

NOXX is a Michigan-based vertical cannabis company providing the best brands at the best prices, through innovation, quality, and inclusivity. From an omnichannel perspective across retail, wholesale, ecommerce and delivery, NOXX offers an unmatched experience meeting customers where they want to shop. The leadership team’s extensive history in executive management combined with deep cannabis market knowledge translates to elevated consumer experiences grounded in authenticity. Named for a friendly being from another galaxy on a mission to create a more inclusive world through the power of cannabis, NOXX and its house of brands provide exceptional cannabis flower, pre-rolls, concentrates and other cannabis products at dispensaries across the state. Learn more at noxx.com.

About Cookies

Cookies, founded in 2010 by Billboard-charting rapper and entrepreneur Berner and Bay Area breeder and cultivator Jai, is the most globally recognized cannabis company in the world. Cookies values the power of the plant and focuses on creating game-changing genetics. The company offers a collection of over 70 proprietary cannabis cultivars and more than 2,000 products. Cookies also actively works to enrich communities disproportionately impacted by the War on Drugs through advocacy and social equity initiatives. Headquartered in San Francisco, the company opened its first retail store in 2018 in Los Angeles, and has since expanded to over 50 retail locations in 17 markets across 5 countries. Cookies was named one of America’s Hottest Brands of 2021 by AdAge; the first cannabis brand to ever receive this accolade. To learn more about Cookies, visit cookies.co, and to learn more about Cookies CBD, visit https://shop.cookies.co/

View source version on businesswire.com: https://www.businesswire.com/news/home/20221018005426/en/

Contacts

Sean Billisitz
Grasslands: A Journalism-Minded Agency
[email protected]
(574) 298-2712

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.


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Hero Technologies (HENC) Applies for Cannabis Operations License in Vassar Township, Michigan https://mjshareholders.com/hero-technologies-henc-applies-for-cannabis-operations-license-in-vassar-township-michigan/ Tue, 18 Oct 2022 17:55:14 +0000 https://www.cannabisfn.com/?p=2966079

Ryan Allway

October 18th, 2022

News, Top News


Licensing action follows company’s purchase agreement to buy property in Vassar.

DOVER, DE / ACCESSWIRE / October 18, 2022 / Hero Technologies (OTCQB:HENC) (Twitter: @heroicmindtech), a cannabis company focused on a “seed-to-sale” vertical integration strategy, today announced that it has filed the required paperwork to obtain a license for building and operating a cannabis growing facility in Vassar Township, Michigan. The company recently entered into a purchase agreement to acquire a 10-acre parcel in Vassar, and it expects to close on the property within the next 60 days.

Hero Technologies’ Michigan subsidiary, BlackBox Systems and Technologies LLC, already has statewide pre-qualification approval for Adult (recreational) and Medicinal Use cannabis licenses, but the company also needs local approval to establish cannabis operations.

“We’re aiming to close on the Vassar property by the end of November, and we want to hit the ground running,” said Hero Technologies’ CEO Gina Serkasevich. “By setting the local license application process in motion now, we hope to synchronize license approval with taking title to the property, so we can quickly start to build out our cannabis operations. Based on Vassar’s marijuana-friendly business environment, and the fact that the parcel we plan to acquire is in an industrial park zoned for cannabis, we expect that the municipality’s review and approval of our license application will go smoothly.”

Michigan’s legal marijuana market has grown rapidly since the state legalized adult recreational use in 2020. According to data from the Michigan Marijuana Regulatory Agency, sales of legal cannabis in the state were approximately $1.8 billion in 2021, over $1.0 billion in the first six months of 2022 (a 27% year-over-year increase), and should approach $2.8 billion for the full year 2022.

About Hero Technologies

Hero Technologies Inc. is a cannabis company working toward a vertically-integrated business model. The company owns a majority stake in BlackBox Systems and Technologies LLC, an aeroponic cannabis cultivation system that provides optimal growing conditions to enhance photosynthesis and cultivation of large flowering plants, creating increased harvest efficiencies. 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 (MSO).

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements may include: management plans relating to the proposed project; the expected timing of the completion of the proposed project; the ability to complete the proposed project; any statements of the plans and objectives of management for future operations, products or services, including the execution of plans proposed project; any statements of expectation or belief; projections related to certain financial metrics; and any statements of assumptions underlying any of the foregoing. Forward-looking statements are typically identified by words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “forecast,” “intend,” “may,” “outlook,” “plan,” “project,” “seek,” “should,” “target,” “will,” “would” and other similar words and expressions or negatives of these words. Forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time and are beyond our control. Forward-looking statements speak only as of the date they are made. Neither Hero Technologies Inc. nor its holding company or subsidiaries assumes any duty and does not undertake to update any forward-looking statements. Because forward-looking statements, by their nature, are uncertain or assumptive to varying degrees, actual results or future events could differ, possibly materially, from those that Hero Technologies Inc., its holding company or subsidiaries anticipated in the forward-looking statements, and future results could differ materially from historical performance.

Hero Technologies Contact:

Ms. Gina Serkasevich, CEO
(302) 538-4165 | [email protected]

SOURCE: Hero Technologies Inc.

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.


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Hero Technologies’ Sale of Common Stock Finances Land Purchase for Michigan Cannabis Operations https://mjshareholders.com/hero-technologies-sale-of-common-stock-finances-land-purchase-for-michigan-cannabis-operations/ Tue, 04 Oct 2022 18:43:11 +0000 https://www.cannabisfn.com/?p=2964561

Ryan Allway

October 4th, 2022

News, Top News


With cost-effective stock sale, company paves the way to establish base in fast-growing Michigan cannabis market.

DOVER, DE / ACCESSWIRE / October 4, 2022 / Hero Technologies (OTCQB:HENC) Twitter: @heroicmindtech), a cannabis company focused on a “seed-to-sale” vertical integration strategy, today announced that it is financing the purchase of its 10-acre property in Vassar, Michigan, through a sale of its common stock. To raise funds for the down payment for the property, related costs, and general corporate purposes, the company sold two million shares of common stock at $0.05 per share and raised $100,000. The company must pay $65,000 of the remaining $75,000 down payment to take possession of the Vassar property. The company does not plan on closing until it secures cannabis licenses from the Vassar Township. The company is in the process of finalizing its application and awaits a final component before submittal: blue print drawings of the buildings that will be erected for Blackbox to grow cannabis.

The company’s subsidiary in Michigan, BlackBox Systems and Technologies LLC, plans to use the property as its base of cannabis operations, including cultivation, processing, and selling through both wholesale and retail channels. BlackBox has already won pre-qualification approval in Michigan for Adult (recreational) and Medicinal Use cannabis licenses.

Hero Technologies’ CEO, Gina Serkasevich, said, “Raising funds through a stock sale was an efficient, cost-effective way to finance our Michigan property purchase. Closing quickly on the property will speed our plan to deploy our proprietary cannabis cultivation system, which we believe will enable the company to gain a share of the large and quickly growing Michigan cannabis market.”

About Hero Technologies

Hero Technologies Inc. is a cannabis company working toward a vertically-integrated business model. The company owns a majority stake in BlackBox Systems and Technologies LLC, an aeroponic cannabis cultivation system that provides optimal growing conditions to enhance photosynthesis and cultivation of large flowering plants, creating increased harvest efficiencies. 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 (MSO).

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements may include: management plans relating to the proposed project; the expected timing of the completion of the proposed project; the ability to complete the proposed project; any statements of the plans and objectives of management for future operations, products or services, including the execution of plans proposed project; any statements of expectation or belief; projections related to certain financial metrics; and any statements of assumptions underlying any of the foregoing. Forward-looking statements are typically identified by words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “forecast,” “intend,” “may,” “outlook,” “plan,” “project,” “seek,” “should,” “target,” “will,” “would” and other similar words and expressions or negatives of these words. Forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time and are beyond our control. Forward-looking statements speak only as of the date they are made. Neither Hero Technologies Inc. nor its holding company or subsidiaries assumes any duty and does not undertake to update any forward-looking statements. Because forward-looking statements, by their nature, are uncertain or assumptive to varying degrees, actual results or future events could differ, possibly materially, from those that Hero Technologies Inc., its holding company or subsidiaries anticipated in the forward-looking statements, and future results could differ materially from historical performance.

Hero Technologies Contact:

Ms. Gina Serkasevich, CEO
(302) 538-4165 | [email protected]

SOURCE: Hero Technologies Inc.

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.


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Irwin Naturals THC Products to Be Available in Michigan https://mjshareholders.com/irwin-naturals-thc-products-to-be-available-in-michigan/ Wed, 31 Aug 2022 15:45:47 +0000 https://www.cannabisfn.com/?p=2960368

Ryan Allway

August 31st, 2022

News, Top News


Company announces licensing agreement with Michigan company to produce and distribute Irwin Naturals THC products

LOS ANGELES, Aug. 31, 2022 (GLOBE NEWSWIRE) — Irwin Naturals Inc. (CSE: IWIN) (OTC: IWINF) (FRA: 97X) (“Irwin” or the “Company”) announced today a licensing agreement with 42 Degrees Processing LLC (“42 Degrees”), through its subsidiary Irwin Naturals Cannabis, Inc., to produce and distribute Irwin Naturals THC products in Michigan, one of the fastest-growing cannabis markets in the country.

Klee Irwin, CEO of Irwin Naturals said, “Michigan is a significant step in what is becoming a sprint to put Irwin Naturals THC products on the shelves of dispensaries in all 38 states where cannabis is legalized. We’re tremendously excited to reach this agreement with 42 Degrees Processing as its state-of-the-art plant and robust distribution network will provide our customers with the quality they’re accustomed in this new offering.”

Sam Rosinski, CEO 42 Degrees said, “We’re excited at the chance to get Irwin Naturals THC products to the shelves of Michigan dispensaries. The presence of a brand as well known as Irwin Naturals sends a message about the value and legitimacy of the cannabis industry.”

Irwin Naturals was founded in 1994, and has built itself into a brand recognized in 80 percent of American households1 with its best-in-class nutraceuticals, such as its famous “Power to Sleep PM.” Irwin Naturals products are available in more than 100,000 stores in North America.

Under this licensing agreement, 42 Degrees Process will augment Irwin Naturals products with THC and make them available to the approximately 1,000 dispensaries currently operating in Michigan.2

Klee Irwin, CEO of Irwin Naturals said, “We are positioned as one of the first household brands to not only endorse the mainstreaming of THC, but promote it by virtue of the tremendous customer loyalty we have built in 28 years of caring for the country’s health needs.”

Cannabis is now legal in the majority of states. However, because it is not legal at the federal level, products must be approved on a state-by-state basis. As a national brand, Irwin Naturals is achieving national distribution by reaching licensing agreements with cannabis manufacturers on a state-by-state basis. Irwin Naturals previously reached licensing agreements with cannabis manufacturers in CaliforniaColoradoOhio and New Mexico. The addition of Michigan to this national footprint means Irwin Naturals THC products will be headed to the shelves of dispensaries in three of the top five cannabis markets in the country.

Michigan legalized the medical use of marijuana in 2008 when the Michigan Compassionate Care Initiative was passed by 63 percent of voters. Michigan was the 13th state to legalize medical use of marijuana in the U.S. and the first state in the Midwest. In 2018, Michigan became the first Midwestern state to allow both medical and recreational marijuana use. Recreational marijuana sales are projected to reach $1.5 billion in 2022.

About Irwin Naturals

Irwin Naturals has been a household name and best-in-class herbal supplement formulator since 1994. It is now leveraging its brand to enter into both the cannabis and psychedelic industries. On a mission to heal the world with plant medicine, Irwin has operated profitably for over 27 years3. Irwin’s growing portfolio of products is available in more than 100,000 retail doors across North America, where nearly 100 million people know the Irwin Naturals brand.4 In 2018, the Company first leveraged its brand to expand into the cannabis industry by launching hemp-based CBD products nationwide. The Company is now leveraging its famous halo of brand trust with an objective to become one of the first household name brands to offer THC-based products and psychedelic mental health treatment. Irwin Naturals became a publicly traded company on the Canadian Securities Exchange (CSE) in August 2021. The Company’s shares began to be traded on the OTCQB Venture Market in November 2021. More information on the Company’s stock can be found via Bloomberg as well as the Wall Street Journal.

For investor-related information about the Company, please visit ir.irwinnaturals.com/.

To contact the Company’s Investor Relations department, please call toll-free at (800) 883-4851 or send an email to [email protected].

Klee Irwin
________________________________
Klee Irwin
Chief Executive Officer
T: 310-306-3636
[email protected]

IR Information

Press Contact

Irwin Naturals Investor Relations
Cassandra Bassanetti-Drumm
T: 310-306-3636
[email protected]

Forward-Looking Information

This news release contains certain forward-looking statements that reflect the current views and/or expectations of management of the Company with respect to performance, business and future events. Forward-looking statements can often be identified by words such as “may”, “will”, “would”, “could”, “should”, “believes”, “estimates”, “projects”, “potential”, “expects”, “plans”, “intends”, “anticipates”, “targeted”, “continues”, “forecasts”, “designed”, “goal”, “objective,” or the negative of those words or other similar or comparable words. Forward-looking statements are based on the then-current expectations, beliefs, assumptions, estimates and forecasts about the business and the industry and markets in which the Company operates. Forward-looking statements in this news release include statements related to information concerning the ability of the Company to perform the terms of the transaction referenced herein; the receipt of all necessary approvals, including regulatory approvals; expectations for other economic, market, business and competitive factors; and the Company actually entering into and doing business related to the U.S. cannabis and psychedelics markets. The potential entrance by the Company into these new business segments are in their preliminary stages and may be subject to approval from the board of directors of the Company as well as any regulatory approval, including that of the Canadian Securities Exchange. These statements are based on numerous assumptions that are believed by management to be reasonable in the circumstances, and are subject to a number of risks and uncertainties, including without limitation: board and regulatory approval, including the approval of the Canadian Securities Exchange; Irwin being able to acquire and/or enter into business relationships to enter into these new markets; the Company obtaining the required licenses; and changes to regulations and laws regarding cannabis or psychedelics. Further information on the regulatory environment and risks will be contained in future disclosures. Forward-looking statements are subject to a number of known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to be materially different from that which are expressed or implied by such forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks, uncertainties, and assumptions which are difficult to predict. Accordingly, readers should not place undue reliance on forward-looking statements and information, which are qualified in their entirety by this cautionary statement. The Company does not undertake any obligation to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable securities law.

Neither the CSE nor its Market Regulator (as that term is defined in policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Irwin Naturals Inc.

________________________
1
 Consumer brand recognition information is based on a formal Company survey with a sample size of 500 randomly selected adults.
2 Source: https://www.detroitnews.com/story/business/2022/04/22/michigan-dispensaries-record-sales-cannabis-4-20-marijuana/7401039001/
3 Under several corporate structures, Klee Irwin has operated the Irwin brand profitably since 1994, as measured by EBITDA adjusted for extraordinary costs.
4 Consumer brand recognition information is based on a formal Company survey with a sample size of 500 randomly selected adults.

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.


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Grown Rogue Completes Debt Settlement https://mjshareholders.com/grown-rogue-completes-debt-settlement/ Mon, 20 Jun 2022 16:40:36 +0000 https://www.cannabisfn.com/?p=2952198

Ryan Allway

June 20th, 2022

News, Top News


MEDFORD, Ore.June 20, 2022 /CNW/ – Grown Rogue International Inc. (“Grown Rogue” or the “Company“) (CSE: GRIN) (OTC: GRUSF), a multi-state cannabis company with operations and assets in Oregon and Michigan, today announced the transfer of its ownership in Plant Based Investment Corp. (“PBIC”) to 2766923 Ontario Inc. (the “Creditor”) in exchange for a settlement of debt. PBIC had previously loaned the Company $700,000 USD (the “Debt”), against a commitment of $800,000 USD, as announced on September 9, 2021, under an unsecured promissory note (the “Note”). PBIC subsequently sold and assigned the Note to the Creditor. The Company has entered into an agreement with the Creditor to transfer its ownership of 2,362,204 common shares in PBIC (the “PBIC Shares”) to the Creditor in exchange for the forgiveness and settlement of all amounts owing to the Creditor in connection with the Note. The Note will automatically terminate upon receipt by the Creditor of the PBIC Shares and will be of no further force or effect. This transaction will result in a gain on the Company’s fiscal third quarter financial results.

The settlement of the Note, combined with the restructuring of the 30,000 sq ft indoor facility agreement with Acreage Holdings Inc., as announced on April 19, 2022, reduces 2022 cash payments of the Company by $2.45M.

“We are pleased to reach a settlement agreement on this Note,” said Obie Strickler, Chief Executive Officer. “This settlement, combined with the restructuring of the Acreage facility, significantly reduces our 2022 cash payments and strengthens our already strong balance sheet, allowing us to continue building out our Michigan facility and focusing on new products and genetics. The nearly $300,000 gain that will show on our fiscal third quarter results will result in what we expect to be our fifth consecutive quarter of positive net income.”

About Grown Rogue 

Grown Rogue International (CSE: GRIN | OTC: GRUSF) is a vertically-integrated, multi-state Cannabis family of brands on a mission to inspire consumers to “enhance experiences” through cannabis. We have combined an expert management team, award winning grow team, state of the art indoor and outdoor manufacturing facilities, and consumer insight based product categorization, to create innovative products thoughtfully curated from “seed to experience.”  The Grown Rogue family of products include sungrown and indoor premium flower, along with nitro sealed indoor and sungrown pre-rolls and jars.

FORWARD-LOOKING STATEMENTS

This press release contains statements which constitute “forward‐looking information” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Company with respect to future business activities. Forward‐ looking information is often identified by the words “may,” “would,” “could,” “should,” “will,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “expect” or similar expressions and include information regarding: (i) statements regarding the future direction of the Company (ii) the ability of the Company to successfully achieve its business and financial objectives, (iii) plans for expansion of the Company into Michigan and securing applicable regulatory approvals, and (iv) expectations for other economic, business, and/or competitive factors. Investors are cautioned that forward‐looking information is not based on historical facts but instead reflect the Company’s management’s expectations, estimates or projections concerning the business of the Company’s future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although the Company believes that the expectations reflected in such forward‐looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements of the combined company. Among the key factors that could cause actual results to differ materially from those projected in the forward‐looking information are the following: changes in general economic, business and political conditions, including changes in the financial markets; and in particular in the ability of the Company to raise debt and equity capital in the amounts and at the costs that it expects; adverse changes in the public perception of cannabis; decreases in the prevailing prices for cannabis and cannabis products in the markets that the Company operates in; adverse changes in applicable laws; or adverse changes in the application or enforcement of current laws; compliance with extensive government regulation and related costs, and other risks described in the Company’s public disclosure documents filed on www.sedar.com.

Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward‐looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update this forward‐looking information except as otherwise required by applicable law.

SAFE HARBOR STATEMENT

This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company’s financing plans; (ii) trends affecting the Company’s financial condition or results of operations; (iii) the Company’s growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words “may,” “would,” “will,” “expect,” “estimate,” “anticipate,” “believe,” “intend” and similar expressions and variations thereof are intended to identify forward-looking statements. Also, forward-looking statements represent our management’s beliefs and assumptions only as of the date hereof. Except as required by law, we assume no obligation to update these forward-looking statements publicly, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company’s ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors including the risk disclosed in the Company’s Form 20-F and 6-K filings with the Securities and Exchange Commission.

The Company is indirectly involved in the manufacture, possession, use, sale and distribution of cannabis in the recreational cannabis marketplace in the United States through its indirect operating subsidiaries. Local state laws where its subsidiaries operate permit such activities however, these activities are currently illegal under United States federal law. Additional information regarding this and other risks and uncertainties relating to the Company’s business are disclosed in the Company’s Listing Statement filed on its issuer profile on SEDAR at www.sedar.com. Should one or more of these risks, uncertainties or other factors materialize, or should assumptions underlying the forward-looking information or forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

SOURCE Grown Rogue International Inc.

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.


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Fine Cannabis Goods Announces Agreement to Acquire Green Diamond Farms LLC https://mjshareholders.com/fine-cannabis-goods-announces-agreement-to-acquire-green-diamond-farms-llc/ Wed, 18 May 2022 15:57:41 +0000 https://www.cannabisfn.com/?p=2948149

Disclaimer: Matters discussed on this website contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. CFN Media Group, which owns CannabisFN, is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. CFN Media Group, which owns CannabisFN, may from time-to-time have a position in the securities mentioned herein and will increase or decrease such positions without notice. The Information contains forward-looking statements, i.e. statements or discussions that constitute predictions, expectations, beliefs, plans, estimates, or projections as indicated by such words as “expects”, “will”, “anticipates”, and “estimates”; therefore, you should proceed with extreme caution in relying upon such statements and conduct a full investigation of the Information and the Profiled Issuer as well as any such forward-looking statements. Any forward looking statements we make in the Information are limited to the time period in which they are made, and we do not undertake to update forward looking statements that may change at any time; The Information is presented only as a brief “snapshot” of the Profiled Issuer and should only be used, at most, and if at all, as a starting point for you to conduct a thorough investigation of the Profiled Issuer and its securities and to consult your financial, legal or other adviser(s) and avail yourself of the filings and information that may be accessed at www.sec.gov, www.pinksheets.com, www.otcmarkets.com or other electronic sources, including: (a) reviewing SEC periodic reports (Forms 10-Q and 10-K), reports of material events (Form 8-K), insider reports (Forms 3, 4, 5 and Schedule 13D); (b) reviewing Information and Disclosure Statements and unaudited financial reports filed with the Pink Sheets or www.otcmarkets.com; (c) obtaining and reviewing publicly available information contained in commonlyknown search engines such as Google; and (d) consulting investment guides at www.sec.gov and www.finra.com. You should always be cognizant that the Profiled Issuers may not be current in their reporting obligations with the SEC and OTCMarkets and/or have negative signs at www.otcmarkets.com (See section below titled “Risks Related to the Profiled Issuers, which provides additional information pertaining thereto). For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. CFN Media Group, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity-based compensation in the companies it writes about, or a combination of the two. For full disclosure, please visit: https://www.cannabisfn.com/legal-disclaimer/. A short time after we acquire the securities of the foregoing company, we may publish the (favorable) information about the issuer referenced above advising others, including you, to purchase; and while doing so, we may sell the securities we acquired. In addition, a third-party shareholder compensating us may sell his or her shares of the issuer while we are publishing favorable information about the issuer. Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. CFN Media Group, which owns CannabisFN, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. CFN Media Group, which owns CannabisFN, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. CFN Media Group, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two. For full disclosure please visit: https://www.cannabisfn.com/legal-disclaimer/.

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SLANG Worldwide Enters the Michigan Cannabis Market https://mjshareholders.com/slang-worldwide-enters-the-michigan-cannabis-market/ Wed, 18 May 2022 14:45:24 +0000 https://www.cannabisfn.com/?p=2948035

Ryan Allway

May 18th, 2022

News, Top News


Toronto, Ontario–(Newsfile Corp. – May 18, 2022) – SLANG Worldwide Inc. (CNSX: SLNG) (OTCQB: SLGWF) (“SLANG” or the “Company“), a leading global cannabis consumer packaged goods (CPG) company with a diversified portfolio of popular brands, announced today that it has launched its best-selling, premium vape product line, O.pen Daily Strains, in Michigan through an exclusive strategic partnership with a leading high-quality premium cannabis brand and operator in Michigan.

The O.pen brand, which is already recognized across America as one of today’s best-selling vape brands, was initially launched over the 4/20 week, exclusively in six cannabis retail locations across Michigan. As part of the strategic partnership agreement, the companies will be doing a wholesale launch in several Michigan dispensaries in the coming months.

Drew McManigle, Interim CEO and Chairman of SLANG, commented, “Entering the Michigan cannabis market is a key milestone for SLANG as we secured our position in one of the largest and fasted growing cannabis markets in the country. Through the continued success of our strategic partnership model, we are powerfully leveraging our partners’ award-winning retail networks which are increasingly driving more and more consumers to their stores due to their impressive selection of today’s leading brands. We are excited to join this powerful network of cannabis brands and launch our best-selling product in this high-growth market.”

2021 was a record year for marijuana sales in Michigan as total sales hit a record of $1.79 billion1. The state continues to demonstrate more rapid growth than ever as monthly sales have surpassed more established markets, such as Colorado. Michigan dispensaries sold $124.6 millionof adult-use cannabis in January 2022, representing an 84.8% increase from the $67.4 million sold in January 2021.

  1. Marijuana Moment, May 2022, https://www.marijuanamoment.net/michigan-broke-marijuana-sales-record-in-april-state-data-shows/
  2. Cannabis Business Times, March 2022, https://www.cannabisbusinesstimes.com/article/michigan-canna-flower-price-dips-171-dollars-per-ounce/

About SLANG Worldwide Inc.

SLANG Worldwide Inc. is a global leader in the cannabis CPG sector with a diversified portfolio of popular brands distributed across the United States. SLANG specializes in acquiring and developing market-proven regional brands as well as launching innovative new brands to seize global market opportunities. For more information, please visit www.slangww.com.

To be added to SLANG’s email distribution list, please email [email protected] with “SLNG” in the subject.

Forward-Looking Statements

This news release contains statements that constitute “forward-looking statements.” Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur.

Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management of SLANG at this time, are inherently subject to significant business, economic and competitive risks, uncertainties and contingencies that could cause actual results to differ materially from those expressed or implied in such statements. Investors are cautioned not to put undue reliance on forward-looking statements. Applicable risks and uncertainties include, but are not limited to regulatory risks, risks related to the COVID-19 global pandemic, changes in laws, resolutions and guidelines, market risks, concentration risks, operating history, competition, the risks associated with international and foreign operations and the other risks identified under the headings “Risk Factors” in SLANG’s annual information form dated April 27, 2022, and other disclosure documents available on the Company’s profile on SEDAR at www.sedar.com. SLANG is not under any obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.

Third Party Information

This press release includes market and industry data that has been obtained from third party sources, including industry publications. The Company believes that the industry data is accurate and that its estimates and assumptions are reasonable, but there is no assurance as to the accuracy or completeness of this data. Third party sources generally state that the information contained therein has been obtained from sources believed to be reliable, but there is no assurance as to the accuracy or completeness of included information. Although the data is believed to be reliable, the Company has not independently verified any of the data from third party sources referred to in this press release or ascertained the underlying economic assumptions relied upon by such sources.

Media and Investor Inquiries
[email protected]

KCSA Strategic Communications
Phil Carlson
[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.


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