Green Growth Brands Inc. (CSE:GGB,OTCQB:GGBXF) was featured in a CNBC article that covered the company’s recent purchase order from American Eagle Outfitters Inc. (NYSE:AEO) and the CBD retail market in the US. According to the press release, American Eagle will be selling the company’s CBD-infused body-care products in nearly 500 stores as well as online with sales expected to start in October. Green Growth Brands has also signed agreements with Abercrombie & Fitch Co. (NYSE:ANF), who will sell the company’s Seventh Sense CBD products in over 160 locations, as well as the DSW (NYSE:DSW).

The article pointed out that this seems to be a new trend within the industry as the CBD market has the potential to become a $22 billion business, according to the Brightfield Group. The rise of the market can be attributed to Congress legalizing hemp-derived CBD in December with the passing of the Farm Bill. According to the article, CBD is now added to just about everything, including makeup, pet treats and soft drinks, despite the US Food and Drug Administration prohibiting it from being added to food, beverages and dietary supplements. Despite these issues, many retailers are comfortable with stocking CBD-based products, like those offered by Green Growth Brands, on their shelves.

While many large and specialty retailers have introduced CBD products to their shops in select states, there are other, like Walmart (NYSE:WMT) and Target (NYSE:TGT), that have largely stayed on the sidelines. This has opened up opportunities for mall owners to enter the market. Green Growth Brands has signed deals with Simon (NYSE:SPG) and Brookfield (NASDAQ:BPY) to open shops in malls. According to the article, Brookfield has stated that it’s opening approximately 70 location and Simon is working on 108.

To read the full article, click here.

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Matica Enterprises Inc. (CSE: MMJ) (FSE: 39N) (OTCQB: MMJFF) (“Matica” or the “Company”) is pleased to announce that, in connection with the previously announced share consolidation on a thirty (30) for one (1) basis (the “Consolidation”), the Company will be changing its name to West Island Brands Inc. (the “Name Change”).

The common shares are scheduled to begin trading on a post-consolidation basis at market open on October 20, 2021 under the stock symbol “WIB”. The new CUSIP number will be 953400108 and the new ISIN number will be CA9534001081. Following the Consolidation, the Company will have approximately 10,712,484 common shares issued and outstanding.

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In the cannabis space this week, a popular beverage maker hired a new executive in hopes of pursuing opportunities in the cannabis drink industry.

Meanwhile, Canopy Growth (NASDAQ:CGC,TSX:WEED) announced a fresh acquisition agreement for a partner designed to boost its presence in a potentially available US adult-use cannabis market.

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Via InvestorWireIBN (“InvestorBrandNetwork”), a multifaceted financial news and publishing company, today announces that it will be collaborating with Microdose Psychedelic Insights for the Psych e delic Capital: October 2021 Conference which is set to be held in an entirely virtual format on Oct. 28, 2021.

The Psychedelic Capital: October Conference is set to be a virtual event, covering the most innovative and cutting-edge companies, latest IPOs, newest opportunities and deepest insights into the global psychedelic industry. From exploring ongoing governmental policy shifts to commercial product breakthroughs, the conference will serve to educate attendees on the potential uses and benefits attached to psychedelics in today’s environment.

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 Adastra Holdings Ltd. (formerly Phyto Extractions Inc.) (CSE: XTRX) (FRA: D2EP) (“Adastra” or the “Company”) today announced positive operational and financial developments as the Company continues to pursue its mission to be a leader in the development and manufacture of pharma-quality, cannabis API and derivative products. These developments include record shipments in September, product portfolio expansion, and continued progress with Health Canada regarding its Controlled Substances Dealers License application.

Record September Shipments
Adastra shipped 68,272 consumer-packaged units and 20,000g of bulk extract in September compared to 41,571 units in September 2020 , a 64% increase year over year.

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Matica Enterprises Inc. (CSE: MMJ) (FSE: 39N) (OTCQB: MMJFF) (“Matica” or the “Company”) is pleased to announce that, pursuant to a director’s resolution, the Company will be consolidating its issued and outstanding share capital on the basis of every thirty (30) old Common Shares being consolidated into one (1) new Common Share (the “Share Consolidation”). Any fractional shares remaining after giving effect to the Share Consolidation will be cancelled.

As a result, the outstanding Common Shares of the Company will be reduced to approximately 10,712,484. The Company has no other securities outstanding.

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