Ed. Note: Grown Rogue continues its innovative streak with nitrogen sealed glass jars. They are also crowdsourcing the effects of their strains. This is a company to keep an eye on for their very cool innovations.
MEDFORD, OR, Dec. 3, 2018 /CNW/ – Grown Rogue International Inc. (CSE:GRIN) (“Grown Rogue” or the “Company“), announces the latest addition to its experience-branded cannabis product line, with the launch of 3.5oz nitrogen sealed flower jars.
Following the success of Grown Rogue’s patent-pending nitrogen sealed pre-rolls, Grown Rogue now introduces 3.5oz flower jars that are nitrogen sealed guaranteeing fresh connoisseur quality premium cannabis.
The premium nitrogen fresh-sealed flower glass jars are an industry first and produce a noticeable “woosh” sound when opened. “It’s like opening a fresh can of vacuum-sealed coffee,” said Obie Strickler, CEO of Grown Rogue. This guarantees freshness through the sealing process. “In keeping with our premium product line of products including oils and concentrates, our nitrogen-sealed flower jars are classified by experience,” Strickler added. “In addition, unlike canned packing, glass packaging gives our customers the ability to view and confirm the premium signature product before purchasing.”
Grown Rogue is the only vertically integrated cannabis company that crowdsources consumer experiences from users of its products to categorize cannabis strains by the resulting effect, to ensure the Right Experience, Every Time.™ The Company introduced the ROGUE Study in late 2017 to crowdsource survey information from customers to categorize the experience or effect of the many diverse strains. The survey, designed by PhD. Research Psychologists at the University of California – Santa Barbara, uses scientifically validated questions to capture the physiological and psychological effects of a cannabis consumption.
“Rather than conduct internal testing to determine experience-based classification, we believe the most transparent and accurate representation of cannabis experiences has to come from crowd consensus of real time users, so we created the ROGUE Study to crowdsource the data,” said Mr. Strickler.
Headquartered in Oregon’s Rogue Valley, known for its premier cannabis growing microclimates, the Company operates approximately 90,000 SQ FT of cultivation through both outdoor and best in class indoor facilities. The Company’s Chief Strategy Officer, Jacques Habra, explained “There has been limited group testing on the actual user experience around the varying cannabis strains. Rather than rely on anecdotes or wait for academia or government agencies to conduct testing, we took a forward thinking approach to capture people’s experiences in a qualified, meaningful way from the very users of the product.”
About Grown Rogue
Grown Rogue International (CSE: GRIN) is a vertically-integrated, multi-state Cannabis brand specializing in “seed to experience” products through an experienced management team, state of the art indoor and outdoor manufacturing facilities, and a proprietary distribution platform featuring exclusive partnership with Microsoft 365. Grown Rogue’s diverse product suite includes premium flower, patent-pending nitrogen sealed pre-rolls, 3.5 oz flower jars, oil and concentrate distillates, and most recently dark chocolate edibles featuring partnership with world-renowned chocolatier.
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, 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: the potential impact of the announcement of the going public transaction on relationships, including with regulatory bodies, employees, suppliers, customers and competitors; 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; and increasing costs of compliance with extensive government regulation, and other risks described in the Company’s Listing Statement available 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 above article is sponsored content. Emerging Growth LLC, which owns CannabisFN.com and CFN Media, has been hired to create awareness. Please follow the link below to view our full disclosure outlining our compensation: http://www.cannabisfn.com/legal-disclaimer/
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Original Post: CFN Media Group: Grown Rogue Launches 3.5oz Nitrogen Sealed Cannabis Glass Jars to Guarantee Freshness
Ed. Note: Not surprising. And Diageo has its roots in the prohibition of alcohol in the US. Diagio bought several of the brands once marketed by Seagrams. Seagrams was owned by the Bronfman family and during the 1920s and early 30s was one of the biggest exporters (from Canada) of the Seagrams brands. From one prohibition to another!
Diageo plc (NYSE: DEO), the maker of Guinness beer and Crown Royal Canadian whiskey, is actively pursuing a deal with a Canadian cannabis firm, according to BNN Bloomberg, which cited multiple sources familiar with the matter.
The company has held serious discussions with at least three major licensed producers over the past month to determine their interest in a potential investment or collaboration to produce cannabis-infused beverages. A senior executive team also attended a marijuana conference in Toronto last week to discuss possible partnerships or an equity arrangement.
The cannabis industry is projected to generate upwards of $75 billion in global sales by 2030, according to Cowen & Co., driven by the legalization of adult-use cannabis across Canada and many U.S. states. There’s also evidence that cannabis legalization has led to a decrease in binge drinking, which suggests that it could be cannibalizing alcohol sales.
Molson Coors Brewing Co. (NYSE: TAP) and Constellation Brands Inc. (NYSE: STZ) have already announced major moves into the cannabis space over the past couple years. Molson Coors formed a joint venture with The Hydropothecary Corporation (TSX-V: THCX) while Constellation Brands recently increased its investment in Canopy Growth Corp. (NYSE: CGC) to nearly 40 percent.
Many analysts believe that alcoholic beverage companies are interested in the cannabis space as a way to diversify into an area that might cannibalize its core sales. With Canada legalizing adult-use cannabis later this year, these companies could be planning a major move into the market with cannabis-infused drinks designed to supplement their alcohol offerings.
The entry into the U.S. and other global markets is less certain. With cannabis illegal on a federal level, it’s unlikely that multinational beverage companies would introduce products until a federal framework for legalization is introduced. The upshot is that may be happening relatively soon as a growing number of U.S. states and countries liberalize their laws.
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Original Post: CFN Media Group: Another Alcohol Giant Looks to Enter Cannabis Industry
Acreage Holdings (“Acreage”), one of the United States’ largest vertically integrated multi-state cannabis operators, announced it has successfully closed its Series E funding round. The Company secured $119 million of capital and concurrently completed the rollup of control positions in several U.S. states. The proceeds raised will be used to prepare the company for its impending public listing.
“The response we received from our investor partners was profoundly encouraging. The combination of monies raised and the rollup cements Acreage as one of the best capitalized companies in the industry with a footprint that is second to none,” Kevin Murphy, founder and CEO of Acreage Holdings said. “This gives us an exceptionally strong investment proposition to bring into the public markets in our upcoming listing.”
It is believed that the $119 million raised represents the largest private funding raise in U.S. cannabis history. Acreage currently owns or operates licenses in 13 states and plans to use the monies raised to acquire additional licenses, brands and other properties to increase its reach, breadth of offerings and depth of management team. Acreage intends to list the Company this fall on the Canadian Securities Exchange (the “CSE”).
“We are planning on listing on the CSE for many reasons, including the positive reception that the Canadian institutional investment community has shown to the U.S. cannabis industry and to Acreage in particular. Additionally, the CSE has become the exchange of choice for U.S. companies like ours,” Murphy continued. “The liquidity on the CSE is incredibly attractive to Acreage, and we know that retail investors in the U.S. have become comfortable with that exchange. We expect to see a tremendous response to our offering this fall.”
“Our objective with our investors is to set the standard in terms of professionalism and competency in order to remove as much risk from cannabis investing as possible,” said George Allen, the President of Acreage Holdings. “It is a mission that will remain paramount to us as we transition from a private to a public investor base.”
ABOUT ACREAGE HOLDINGS
Acreage Holdings is a vertically integrated, multi-state owner of cannabis licenses and assets in states where either medical and/or adult use of cannabis is legal. Headquartered in New York City and currently operating in 13 states, Acreage owns cultivation, processing and dispensary operations and has one of the largest footprints of any cannabis company in the U.S. Acreage is dedicated to building and scaling operations to create a seamless, consumer-focused branded cannabis experience.
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Original Post: CFN Media Group: Acreage Holdings Closes Largest Private Placement in Cannabis History
The liberalization of cannabis laws around the world has opened the door for researchers to explore the therapeutic benefits of cannabinoids. While GW Pharmaceuticals plc (NASDAQ: GWPH) has already launched products targeting epilepsy and spasticity in Multiple Sclerosis, emerging research suggests that they could play a role in treating many types of cancers.
In this article, we will look at how cannabinoids are currently being used by physicians and how companies, such as Pascal Biosciences Inc. (TSX-V: PAS), are exploring new treatment options and combination therapies.
Pain & Appetite Stimulation
Cannabinoids have been primarily used by physicians to treat the side-effects of cancer. For example, cannabinoids have a well known anti-inflammatory effect that helps reduce pain, while animal studies have strongly suggested that tetrahydrocannabinol (THC) and other cannabinoids can help stimulate appetite and prevent vomiting caused by certain types of chemotherapy.
The most common cancer-related indications with approved drugs around the world include:
- Stimulating appetite.
- Pain relief.
- Nausea and vomiting.
- Anxiety and sleep.
Dronabinol and Nabilone were both approved by the U.S. Food and Drug Administration (FDA) for the treatment of chemotherapy-related nausea and vomiting in patients that have not responded to conventional therapies. These drugs were possible because they are synthetic cannabinoids created in a lab rather than natural cannabinoids isolated directly from the cannabis plant.
Potential Anticancer Activity
Researchers have been actively studying cannabinoids to see if they could be beneficial in the treatment of cancer rather than just its side effects.
Cannabinoids have numerous possible effects that could play a role in cancer treatment, according to Cancer.gov:
- Anti-inflammatory activity.
- Blocking cell growth.
- Preventing the growth of blood vessels that supply tumors.
- Antiviral activity.
There are more than 3,000 studies published on Google Scholar in 2018 alone, with many more that have been published in prior years. These studies address everything from treating cancer symptoms to destroying cancer cells by exposing them to cannabinoid compounds.
Research in the United States has been hindered by the requirement for any researchers interested in studying the drug to obtain a Schedule I license from the Drug Enforcement Administration (DEA) and approval from the National Institute on Drug Abuse (NIDA). However, there are a growing number of scientists in other jurisdictions with more favorable laws, including Canada, where medical cannabis is federally legal.
In June, the company announced that it received a license from the U.S. DEA to conduct research and development on cannabinoids. As one of a few organizations with a Schedule I researcher license, the company is positioning itself to become a leader in cannabinoid drug development. The company also renewed its UBC collaboration and continues to financially support Dr. Wilfred Jefferies’ laboratory at the Michael Smith Laboratories.
Pascal Biosciences Inc. (TSX-V: PAS) believes that cannabinoids could also play a role in helping existing immunotherapy drugs better target cancer cells. In February, the company announced the discovery of certain cannabinoids that enhanced the immunogenicity of tumor cells, which rendered them more susceptible to recognition by the immune system. The discovery is important because it can be used with a new class of cancer fighting agents — known as checkpoint inhibitors.
“We are very excited about this novel discovery,” commented Dr. Patrick Gray, CEO of Pascal Biosciences. “Cannabinoids typically have good pharmacological properties, as most have low toxicity and are easily absorbed into the blood, which are great advantages for drug development. We have tested hundreds of natural and synthetic cannabinoids in our proprietary assay. This will enable us to soon determine an optimal product. In combination with immune checkpoint inhibitors, cannabinoids may significantly improve cancer care. We look forward to soon translating our results into clinical studies.”
Pascal Biosciences Inc. (TSX-V: PAS) represents a unique investment opportunity in the cancer treatment space. After making its discovery and obtaining a DEA license, the company is well positioned to advance its research programs and ultimately generate long-term value for shareholders. Last week, Pascal appointed Julie Eastland, an accomplished financial executive, to the Board of Directors. Ms. Eastland is a seasoned strategic and financial executive with more than 25 years of experience in public and private biotechnology companies. “Ms. Eastland has strong relationships with investors, investment bankers and analysts covering the U.S. public biotech sector, and excellent experience in partnering, acquisitions, collaborations, and licensing. She will work closely with Pascal to align our scientific strategy with our financial goals,” stated Dr. Patrick Gray, CEO of Pascal.
For more information, visit the company’s website at www.pascalbiosciences.com.
The above article is sponsored content. Emerging Growth LLC, which owns CannabisFN.com and CFN Media, has been hired to create awareness. Please follow the link below to view our full disclosure outlining our compensation: http://www.cannabisfn.com/legal-disclaimer/
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Original Post: CFN Media Group: Cannabinoids May Do More Than Manage Cancer Symptoms
Las Vegas’ new dispensary will be anchored by world-class experiences
and product innovation
LAS VEGAS, July 19, 2018 /CNW/ – Planet 13 Holdings Inc. (CSE: PLTH) (“Planet 13” or the “Company“), a leading vertically-integrated Nevada cannabis company announced today the official groundbreaking at its Planet 13 Superstore. Anticipated to be among the world’s largest cannabis dispensaries, Planet 13 Superstore will offer visitors from around the globe a unique experience when the destination opens in November 2018. Planet 13 Superstore will be located at 2548 W. Desert Inn Rd., only a few steps away from the famed Las Vegas Strip.
Brought to life by Co-CEOs Robert Groesbeck and Larry Scheffler, the new entertainment complex will be unveiled in phases, with the first phase to be completed and open to the public in November 2018. Phase 1 will be more than 40,000 square feet and includes a multi-faceted entertainment space featuring interactive attractions and more than 16,500 square feet of cannabis retail space.
“We have already generated a loyal following of Las Vegas customers at our current dispensary location and we are confident that the Superstore will be a strong draw for the 55 million visitors from around the world that come to the city each year,” said Robert Groesbeck, Co-CEO and board member of Planet 13. “With Phase 1 of the project fully funded, under construction, and on time, we are excited to showcase the unparalleled interactive entertainment and product lines we will have available for guests in the coming months.”
The new destination will weave together an unparalleled dispensary experience, complete with 45-50 registers to serve the large number of anticipated visitors with state-of-the-art technology and interactive entertainment. As guests approach the complex they will be greeted by 13, 15-foot-tall LED lotus flowers on the roof of the building. Made of acrylic leaves and metal stems, the lotus flowers can be controlled by visitors, making them interactive pieces of art. The control panels will be located near the sophisticated outdoor water feature that is branded Planet 13. Customers can explore these features before heading into the lobby where they can experience the sensory-activated LED flooring that creates an interactive show while guests are walking on it. The attractions continue once guests move inside the main portion of the complex where they’ll view a glowing aerial orb show high above the dispensary floor. There’s also interactive laser graffiti where visitors can leave their mark with unique writings and drawings. Guests also will be mesmerized by the 3D Projection Visual Experience where numerous 3D visuals are projected onto walls.
For more information, please visit https://www.planet13holdings.com/ and follow on Instagram planet13dispensary, Facebook Planet 13 Las Vegasand Twitter @Planet13lv.
About Planet 13
Planet 13 (www.planet13holdings.com) is a vertically integrated cannabis company based in Nevada, with award-winning cultivation, production and dispensary operations in Las Vegas – the entertainment capital of the world. Planet 13’s mission is to build a recognizable global brand known for world class dispensary operations, and a creator of innovative cannabis products. Planet 13’s shares trade on the Canadian Stock Exchange (CSE) under the symbol PLTH.
The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and accordingly may not be offered or sold within the United States or to “U.S. persons”, as such term is defined in Regulation S promulgated under the U.S. Securities Act (“U.S. Persons”), except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the Company’s securities to, or for the account or benefit of, persons in the United States or U.S. Persons.
Cautionary Note Regarding Forward-Looking Information
This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward looking-statements relate, among other things, future expansion plans and the opening of Phase I of the Superstore in November 2018.
These forward-looking statements are based on reasonable assumptions and estimates of management of the Company at the time such statements were made. Actual future results may differ materially as forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors, among other things, include: final regulatory and other approvals or consents; fluctuations in general macroeconomic conditions; fluctuations in securities markets; expectations regarding the size of the Nevada cannabis market and changing consumer habits; the ability of the Company to successfully achieve its business objectives; plans for expansion; political and social uncertainties; inability to obtain adequate insurance to cover risks and hazards; and the presence of laws and regulations that may impose restrictions on cultivation, production, distribution and sale of cannabis and cannabis related products in the State of Nevada; and employee relations. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Readers should not place undue reliance on the forward-looking statements and information contained in this news release. The Company assumes no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.
The Company is indirectly involved in the manufacture, possession, use, sale and distribution of cannabis in the recreational and medicinal cannabis marketplace in the United States through its subsidiary MM Development Company, Inc. (“MMDC”). Local state laws where MMDC operates 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 contained under the heading “Risk Factors” in the Company’s Listing Statement dated May 24, 2018 filed on its issuer profile on SEDAR at www.sedar.com.
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
SOURCE Planet 13
View original content with multimedia: http://www.newswire.ca/en/releases/archive/July2018/19/c4441.html
Media Contacts: Latoya Bembry / Krista Gilbertson, The Ferraro Group, Latoya@theferrarogroup.com / 702-278-1000, Krista@theferrarogroup.com / 702-232-4139; Investor Relations Contacts: Jonathan Ross, Lode Rock Advisors Inc., Planet 13 Investor Relations, email@example.com, 416-283-0178; Robert Groesbeck or Larry Scheffler, Co-Chief Executive Officers, firstname.lastname@example.org, 416-283-0178Copyright CNW Group 2018
Source: Canada Newswire (July 19, 2018 – 5:00 PM EDT)
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Original Post: CFN Media Group: Planet 13 Superstore, the World’s Largest Cannabis Entertainment Complex, Opening in Las Vegas November 2018