When five-year-old Charlotte Figi was approved for a medical marijuana card in 2013, she became the youngest ever marijuana patient. Each week, Charlotte was suffering through more than 300 seizures, with some lasting between two and four hours.
Her parents had tried everything. Everything but CBD, also known as cannabidiol. CBD is a prominent chemical in cannabis that’s used to treat cancer, diabetes, multiple sclerosis, schizophrenia and a laundry list of other life-debilitating ailments.
“When she didn’t have those three, four seizures that first hour, that was the first sign,” Paige Figi recalled in a CNN special with Dr. Sanjay Gupta, after giving her daughter a few drops of CBD oil with her food. “And I thought well, ‘Let’s go another hour, this has got to be a fluke.'”
It wasn’t. Charlotte’s seizures were all but eliminated, from 300 a week to only a few a day.
One year after the world found out about how CBD dramatically improved Charlotte’s life, the waiting list for the CBD products that treated her seizures had reached 12,000 families. Researchers in Israel found that 89 percent of children studied with treatment-resistant pediatric epilepsy like Charlotte saw a reduction in seizure frequency. Her story helped pave the way for CBDs to enter the mainstream conversation about the impact medical marijuana can have, and for CBD companies to begin sprouting up in numbers.
What is CBD?
CBD is a natural chemical derived from cannabis, and is second only in average volume to THC (Tetra-Hydro-Cannabinol). It’s also a big reason why the cannabis industry is on track to reach $21 billion by 2020. Cannabis has as many naysayers as advocates, but there’s hard proof that CBD has a prominent future in the global healthcare markets. Here’s why.
When consumed, CBD boosts an integral part of our immune system called the Endo-Cannabinoid system. A 2013 review published in the British Journal of Clinical Pharmacology showed that studies found CBD to possess anti-emetic (reduces nausea), anti-convulsant (suppresses seizures), anti-psychotic, anti-oxidant, anti-cancer, anti-depressant and anti-inflammatory properties. CBD provides relief from an array of ailments, including Crohn’s disease, diabetes, schizophrenia, PTSD, insomnia, multiple sclerosis, epilepsy, breast cancer, lung cancer and colon cancer.
The American Association for Cancer Research found that CBD destroys breast cancer cells through programmed cell death. CBD has also been demonstrated to inhibit or stop the growth of cancers in the liver, brain, skin and adrenal glands.
Relief without the high
Patients won’t get high from CBD alone — it’s the combination of CBD/THC that gives users that high feeling associated with cannabis, one of the reasons why CBD-only products have become so sought after by the medical community.
CBD decreases the negative effects that come from THC, such as anxiety, paranoia and short-term memory loss. As the cannabis industry expands to reach new consumers, especially those turned off by the negative effects of THC, the powerful CBD chemical will play an important role. CBD derived from hemp rather than cannabis is free of association with THC.
This is especially true for pediatric and geriatric patients who need the medicinal benefits cannabis provides without the high sought by recreational consumers.
In Canada, seniors are the fastest-growing demographic in medical cannabis. Multiple studies show that cannabis can reduce reliance on certain medications that have negative side effects, contradictions and the potential for addictions. For many of the common diseases and ailments afflicting seniors and children, CBD oils and edibles are a safe alternative to treating symptoms.
Wide market of opportunity for CBD-based companies
CBD can be derived from both hemp and marijuana. CBD that is higher in THC (marijuana) can be sold only where marijuana is legal. CBD that is low in THC (hemp) can be sold in most states and online.
The Hemp Business Journal estimates that the CBD market will grow to a $2.1-billion market in consumer sales by 2020, with $450 million of those sales coming from hemp-based sources. That’s a 700-percent increase from 2016.
In 2015, the market for consumer sales of hemp-derived CBD products was $90 million, plus another $112 million in marijuana-derived CBD products that were sold through dispensaries, bringing the total CBD market to $202 million.
Matt Karnes of Greenwave Advisors, an analyst firm specializing in legalized cannabis, is even more optimistic about the growth of CBDs. He estimates a $3-billion market by 2021.
“The benefit of investing in a cannabis company that features a line of CBD products in its portfolio is primarily the additional revenue stream,” said Erick Factor, executive chairman of Canada-based MYM Nutraceuticals (CSE:MYM), a CBD manufacturing and distribution company. But it also offers an early foothold into emerging global markets.
Countries around the world have varying degrees of tolerance with respect to cannabis products, Factor pointed out; however, non-psychoactive CBD products are widely accepted and governments are increasingly approving legal sale and distribution. Companies with such products in their portfolios have greater potential to enter as many geographic markets as possible. “As restrictive cannabis laws begin to ease, companies such as MYM will be ready to capitalize on these relationships with products that contain THC,” he added.
Diversity of market segments
Since CBD has anti-psychotic properties, it is legal for sale across the continent when containing less than 0.3 percent THC. According to Headset Research data, in Washington state alone there are more than 800 CBD products in the marketplace.
CBD oil comes in various concentrations and forms, including liquid oil or oil as a thick paste, oil in capsules, sublingual tincture drops or sprays, salves for topical use, edibles as in candy, chocolate bars or gum, and CBD vapor from vaporizers. It can also be taken through the skin via lotions, balms, creams and patches.
“As cannabis is essentially a commodity, a good CBD company will have proprietary delivery systems and patents on innovative methods for using CBD products,” said Factor, the founder of the Vancouver-based Westcoast Medicann dispensary. “A reputable team of experienced cannabis-educated staff with laboratory-tested products is essential.” CBD companies with limited product lines and too much exposure to one geographic location should be a red flag for investors, he added.
MYM Nutraceuticals has a line of 21 products for sale under its HempMed brand, which targets the dispensary market and is expected to hit $2 million in sales in 2017. In Q4 2017, the company plans to launch its Joshua Tree CBD line targeted at the mainstream health markets in both Canada and the US. The line is projected to reach more than $4 million in sales in 2018.
A new breed of products — for pets — is the latest market segment on the scene and is considered the growth category to watch in 2017. An ongoing study at Colorado State University is looking at CBD as a treatment for epilepsy and osteoarthritis in dogs. CBD products for dogs can be sole in the form of tinctures, sprays and edible treats. MYM’s Dr. Furbaby line will launch in 2017 in Canada and the US.
Companies have also begun exporting CBD products to the largely underserved international market. CBD hemp oil was recently made legal in Japan, where 127 million consumers, and the world’s third-largest economy, welcomed CBD with open arms. Naturally Splendid (TSXV:NSP), a Canadian hemp-based biotechnology and consumer product company, had distribution of its CBD product line approved by Japanese regulators in October 2017.
Mexico legalized the use of cannabis oil and other cannabis derivatives for medicinal purposes in June 2017, and companies such as ICC International Cannabis have already begun entering presale agreements for the sale of CBD oil.
With the medical community, legislation and public sentiment on its side, CBD is making a strong case to be not only the most beneficial component of the growing cannabis industry, but with a low barrier of entry into subsegments and international markets, it could also be the most lucrative for investors.
This article was originally published by the Investing News Network in 2017.
This INNspired article was written according to INN Editorial standards to educate investors.
US-based multi-state operators (MSOs) performed well during Q1, but one fund manager believes that hasn’t been reflected in their share prices.
The Investing News Network (INN) caught up with Dan Ahrens, chief operating officer and portfolio manager at AdvisorShares, to discuss the most recent operating period in the cannabis sector.
Ahrens is a big supporter of the US cannabis investment story, and follows the sector daily thanks to his role as manager of the AdvisorShares Pure Cannabis ETF (ARCA:YOLO) and the AdvisorShares Pure US Cannabis ETF (ARCA:MSOS).
“We’ve seen the Canadian (licensed producers) be really hot stock performance-wise, outpacing the US (MSOs), and I’ll say it’s rather nonsensical to me,” said Ahrens.
The exchange-traded fund manager has long been a proponent of US operators, which he believes are superior compared to the big-name Canadian cannabis companies out there.
In his eyes, investors are still failing to grasp the upside attached to US names.
From Q4 2020 to Q1 2021 Ahrens has been surprised to see Canadian producers outperform US MSOs in the stock market. “I don’t think it makes sense and I don’t think it’s going to last,” he said.
Ahrens saw optimism about US federal legalization rise in the wake of Joe Biden becoming president and the Democrats winning the Senate. But he believes the market should be prepared for any formal federal policy changes for cannabis to take time.
“People are learning the hard way that politicians have to be politicians … I never felt we were going to have any kind of nationwide legalization,” he told INN.
Last year, Ahrens published a book called “Investing in Cannabis: The Next Great Investment Opportunity.” It covers the ways cannabis investments have taken over in the stock market.
Watch the interview above for more information about cannabis investing from Ahrens.
Don’t forget to follow us @INN_Cannabis for real-time news updates!
Securities Disclosure: I, Bryan Mc Govern, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
Aion Therapeutic Inc. (CSE: AION) (” Aion Therapeutic ” or the ” Company “) announced today that its proprietary and patented combinatorial mushroom preparations AION F7 and AION F8 (collectively, the ” Aion Mushroom Preparations ” or ” Preparations “) showed high efficacy in killing HER2+ breast cancer cells, ER+PR+ breast cancer cells, and triple-negative breast cancer cells by direct cytotoxicity.
As shown in recently completed third-party independent and carefully controlled 3D-spheroid cell culture studies performed at BIOENSIS laboratories, these cytotoxicity studies demonstrated direct killing of the breast cancer cells by the Aion Mushroom Preparations, which suggests such preparations may be effective in treating HER2+ breast cancer, ER+/PR+ breast cancer, and the very difficult to treat triple-negative breast cancer, with each of these types of breast cancers tested independently.
In separate independent studies at BIOENSIS laboratories using the Antibody-Dependent Cellular Cytotoxicity (ADCC) assay and the Antibody-Dependent Cellular Phagocytosis (ADCP) assay, the Aion Mushroom Preparations also demonstrated enhanced cell killing of HER2+ breast cancer cells via stimulation of the immune system. The Preparations showed similar effectiveness as trastuzumab, a monoclonal antibody treatment sold under the brand name Herceptin, manufactured by Roche and is a US FDA approved medication useful for treating HER2+ breast cancer that is either early-stage or advanced-stage/metastatic. Herceptin (trastuzumab) is the leading breast cancer drug with annual global sales of around $7 billion . 1 Other FDA approved biosimilar trastuzumab products include: Trazimera (Pfizer), Kanjinti (Amgen), Ontruzant (Merck), Herzuma (Teva), and Ogivri (Mylan). When Aion Mushroom Preparations were combined with Trastuzumab, there was a greater than 60% increase in the killing of HER2+ breast cancer cells when compared to Trastuzumab used alone.
Based on these results, Dr. Herbert A. Fritsche , Chief Science Officer of Aion Therapeutic and former Professor and Director of Clinical Chemistry at the University of Texas , MD Anderson Cancer Center, stated, “The extremely exciting results obtained from these independent 3D cell culture studies suggests that when appropriate Aion Mushroom Preparations are used together, they may offer a dual approach to the killing of HER2+ breast cancer cells through two separate and distinct pathways (direct cytotoxicity and antibody dependent cytotoxicity). The significant improvement in cancer cell cytotoxicity that was observed when the Preparations were combined with Trastuzumab warrants immediate further investigation in breast cancer patients.” Dr. Fritsche continued, “We look forward to the next step of initiating clinical trials of the Aion Mushroom Preparations with and without Herceptin (and other trastuzumab biosimilars) for the treatment of HER2+ breast cancer patients as well as the Aion Mushroom Preparations alone in ER+/PR+ breast cancer and triple-negative breast cancer patients.”
“Each year more than 1.6 million new cases of breast cancer are diagnosed globally, making it the most common cancer among women, and more than 500,000 women will die of the disease,” said Graham Simmonds , Executive Vice Chair and CEO of Aion Therapeutic. He added, “We are excited that these Aion Mushroom Preparations that have shown very encouraging initial test results will be developed to be transformative in how women are treated globally.”
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
BIOENSIS is the solution of choice of predictive pharmacology needs led by a scientific team with more than 40 years of combined experience in preclinical pharmacology, BIOENSIS is the premiere innovator of 3D pharmacology technologies that more accurately recapitulate the microenvironment of human tissues and tumors. Their cutting-edge technology has been validated and optimized in more than 130+ cell lines and primary tissues, and their flexible technology enables assay customization and optimization for additional cell lines and organ tissues. They have a demonstrated track record of unparalleled commitment to and collaboration with customers to achieve their predictive pharmacology objectives.
About Aion Therapeutic Inc.
Aion Therapeutic Inc. through its wholly-owned subsidiary, AI Pharmaceuticals Jamaica Limited, is in the business of research and development, treatment, data mining and state-of-the-art artificial intelligence (machine learning) techniques, focused on the development of combinatorial pharmaceuticals, nutraceuticals and cosmeceuticals utilizing compounds from cannabis (cannabinoids), psychedelic mushrooms (psilocybin), fungi (edible mushroom), natural psychedelic formulations (Ayahuasca), and other medicinal plants in a legal environment for this type of discovery. In addition, Aion Therapeutic is creating a strong international intellectual property portfolio related to its discoveries.
DISCLAIMER & READER ADVISORY
Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “may”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to the business of the Company and the commercialization and use of the Aion Mushroom Preperations. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to the parties. The material factors and assumptions include regulatory and other third-party approvals; licensing and other risks. The forward-looking information contained in this release is made as of the date hereof and the parties are not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
1 Forbes: Can Roche’s Blockbuster Drug Herceptin’s Sales Grow?
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Nextleaf Solutions Ltd. (CSE: OILS) (OTCQB: OILFF) (FSE: L0MA) (“Nextleaf”, “OILS”, or the “Company”) , the world’s most innovative cannabis processor, is pleased to announce that its wholly-owned subsidiary Nextleaf Labs Ltd. (“Nextleaf Labs” or “Labs”) has completed an inaugural bulk CBD distillate delivery to a U.S.-listed, Canadian-based global cannabis company. The Company anticipates similar orders on an ongoing basis.
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While the Canadian cannabis sector continues to mature as the world’s largest federally legal cannabis jurisdiction, the global demand and acceptance of CBD-based products continues to increase. In December 2020, Israel signed a regulatory amendment permitting the use of CBD in cosmetics and food products, and in February 2021 plant-derived CBD was added as a legal ingredient in cosmetics by a key market regulator for trade in the European Union. According to New Frontier Data, U.S. consumer spending on CBD reached $3.8 billion USD in 2020 and the demand is expected to reach as high as $8 billion USD by 2025. In a separate report from New Frontier Data titled “2021 U.S. Cannabis Consumer Evolution: Archetypes, Preferences, and Behaviors,” 54% of consumers say they have tried a CBD-only product in 2021, compared to 33% in 2018.
“Amidst the global acceptance of CBD as a therapeutic drug, Health Canada has begun the process of reviewing CBD and regulating it differently than THC,” said Paul Pedersen, CEO of Nextleaf Solutions. “Based on this, we believe the CBD market in Canada is at a fraction of its potential, particularly if CBD products are made available in your local grocers, gas stations, and other traditional points of retail, once the review is complete. We plan on our CBD segment being a major revenue source for Nextleaf thanks to the competitive advantage of our technology and our ability to produce high purity CBD oils at a low cost per molecule. Completing and delivering the first order with a premium partner is a major milestone for OILS. Working with a partner of this magnitude is further validation of our technology and we are ecstatic to power their CBD-focused brands with OILS’ high purity, low-cost CBD ingredients,” said Pedersen. “We believe this is the beginning of a long-term relationship and we look forward to updating our stakeholders and the broader market as we progress.”
Nextleaf is an innovative cannabis processor that owns one of the largest portfolios of U.S. patents for the extraction, distillation, and delivery of cannabinoids. Through its wholly-owned subsidiary Nextleaf Labs Ltd, a licensed processor, the Company is a low-cost producer of cannabis distillate and private label THC & CBD oils. Nextleaf’s proprietary closed-loop automated extraction plant in Metro Vancouver has a design capacity to process 600 kilos of dried cannabis into oil per day. The Company owns 13 U.S. patents and has been issued over 70 patents globally. Nextleaf is developing delivery technology through its Health Canada Research Licence with sensory evaluation of cannabis via human testing. The Company’s patent pending RAPID Emulsion Technology by OILS™ powers differentiated ingestible cannabis products.
For more information please contact:
604-283-2301 (ext. 219)
On behalf of the Board of Directors of the Company,
Paul Pedersen, CEO
Certain statements contained in this press release constitute “forward-looking statements”. All statements other than statements of historical fact contained in this press release, including, without limitation, those regarding the Company’s ability to capitalize on its IP portfolio, the Company’s strategy, plans, objectives, goals and targets, and any statements preceded by, followed by or that include the words “believe”, “expect”, “aim”, “intend”, “plan”, “continue”, “will”, “may”, “would”, “anticipate”, “estimate”, “forecast”, “predict”, “project”, “seek”, “should” or similar expressions or the negative thereof, are forward-looking statements. These statements are not historical facts but instead represent only the Company’s expectations, estimates and projections regarding future events. These statements are not guarantees of future performance and involve assumptions, risks and uncertainties that are difficult to predict. Therefore, actual results may differ materially from what is expressed, implied or forecasted in such forward-looking statements. Additional factors that could cause actual results, performance or achievements to differ materially include, but are not limited to the risk factors discussed in the Company’s MD&A for the most recent fiscal period. Management provides forward-looking statements because it believes they provide useful information to investors when considering their investment objectives and cautions investors not to place undue reliance on forward-looking information. Consequently, all of the forward-looking statements made in this press release are qualified by these cautionary statements and other cautionary statements or factors contained herein, and there can be no assurance that the actual results or developments will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on, the Company. These forward-looking statements are made as of the date of this press release and the Company assumes no obligation to update or revise them to reflect subsequent information, events or circumstances or otherwise, except as required by law. The CSE has not reviewed or approved the contents of this press release.
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Canopy Growth Signs U.S. Distribution Agreement with Southern Glazer’s Wine & Spirits for CBD Beverage Portfolio
The Company Will Tap into Southern Glazer’s Established Distribution Network to Bring Quatreau, its CBD-Infused Sparkling Water, to U.S. Retailers
Canopy Growth Corporation (“Canopy Growth”) (TSX: WEED) (NASDAQ: CGC), a world-leading diversified cannabis, CBD and vaporization device company, today announced Southern Glazer’s Wine & Spirits (“Southern Glazer’s”), the world’s pre-eminent distributor of beverage alcohol, as the distribution partner for its U.S. portfolio of CBD-infused beverages. This partnership announcement follows the recent launch of Quatreau Canopy’s first line of CBD-infused beverages sold in the U.S market.
“Through this groundbreaking partnership, we will leverage Southern Glazer’s established distribution network to bring our CBD beverage portfolio to retailers and consumers across the U.S. market,” said Julious Grant , Chief Commercial Officer, Canopy Growth. “The leadership team at Southern Glazer’s shares our values, priorities, and future-forward view of the category. Together, we are committed to creating an immediate strategic route to market for Canopy’s premium CBD beverages.”
Southern Glazer’s will distribute Canopy Growth’s CBD beverages, beginning with its CBD-infused sparkling water brand Quatreau™, across seven states, with additional states in the months to come. Southern Glazer’s will be selling Quatreau™ through its existing commercial infrastructure, including its industry-leading Proof ® e-commerce platform at sgproof.com . Canopy Growth is one of the first U.S. CBD beverage producers to access the nationwide network of a large-scale alcohol distributor to reach consumers across the U.S. at mainstream retail stores. The agreement also showcases the benefits of the company’s strategic relationship with Constellation Brands, the global beverage leader.
“This agreement reinforces our consumer-focused approach to identifying emerging growth areas where we can add value for our customers,” said David Chaplin , Chief Growth Officer, Southern Glazer’s Wine & Spirits. “There is strong consumer interest in the CBD-infused beverage category and our distribution network is uniquely positioned to deliver the most efficient and effective route-to-market for CBD suppliers and retail customers. We’re proud to align with Canopy Growth, a company well-positioned to lead this product category with a portfolio of premium, highly desirable consumer brands.”
“Innovation in the beverage industry like we are seeing from Canopy Growth brings new energy to the marketplace and increases the level of consumer interest in all our products,” added John Wittig , Chief Commercial Officer, Southern Glazer’s Wine & Spirits. “We are excited to be adding Quatreau as the first CBD-infused beverage in our portfolio.”
Quatreau sparkling water contains 20 mg of premium, U.S. grown hemp-based CBD, in four refreshing flavors: Cucumber + Mint, Passion Fruit + Guava, Blueberry + Acai, and Ginger + Lime. With an MSRP of $3.99 per 12-ounce can, Quatreau is a functional zero-sugar drink that delivers a natural, low calorie beverage alternative. The stateside launch follows the successful 2020 rollout of Quatreau in Canada , where it is now the top-selling ready-to-drink CBD beverage.
For more information about Canopy Growth, visit www.canopygrowth.com .
About Canopy Growth Corporation
Canopy Growth (TSX:WEED, NASDAQ:CGC) is a world-leading diversified cannabis and cannabinoid-based consumer product company, driven by a passion to improve lives, end prohibition, and strengthen communities by unleashing the full potential of cannabis. Leveraging consumer insights and innovation, we offer product varieties in high quality dried flower, oil, soft gel capsule, infused beverage, edible, and topical formats, as well as vaporizer devices by Canopy Growth and industry-leader Storz & Bickel. Our global medical brand, Spectrum Therapeutics, sells a range of full-spectrum products using its color-coded classification system and is a market leader in both Canada and Germany . Through our award-winning Tweed and Tokyo Smoke banners, we reach our adult-use consumers and have built a loyal following by focusing on top quality products and meaningful customer relationships. Canopy Growth has entered into the health and wellness consumer space in key markets including Canada , the United States , and Europe through BioSteel sports nutrition, and This Works skin and sleep solutions; and has introduced additional federally-permissible CBD products to the United States through our First & Free and Martha Stewart CBD brands. Canopy Growth has an established partnership with Fortune 500 alcohol leader Constellation Brands. For more information visit www.canopygrowth.com .
About Southern Glazer’s Wine & Spirits
Southern Glazer’s Wine & Spirits is the world’s pre-eminent distributor of beverage alcohol, and proud to be a multi-generational, family-owned company. The company has operations in 44 U.S. states, the District of Columbia and Canada . Southern Glazer’s urges all retail customers and adult consumers to market, sell, serve and enjoy its products responsibly. For more information visit www.southernglazers.com . Follow us on Twitter and Instagram @sgwinespirits and on Facebook at Facebook.com/SouthernGlazers .
Notice Regarding Forward-Looking Statements
This press release contains “forward-looking statements” and “forward-looking information” within the meaning of applicable U.S. and Canadian securities laws (collectively, “forward-looking statements”), which involve certain known and unknown risks and uncertainties. Forward-looking statements predict or describe our future operations, business plans, business and investment strategies and the performance of our investments. These forward-looking statements are generally identified by their use of such terms and phrases as “intend,” “goal,” “strategy,” “estimate,” “expect,” “project,” “projections,” “forecasts,” “plans,” “seeks,” “anticipates,” “potential,” “proposed,” “will,” “should,” “could,” “would,” “may,” “likely,” “designed to,” “foreseeable future,” “believe,” “scheduled” and other similar expressions. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statement was made. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive risks, financial results, results, performance or achievements expressed or implied by those forward-looking statements and the forward-looking statements are not guarantees of future performance. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. A discussion of some of the material factors applicable to Canopy Growth Corporation (“Canopy”) can be found under the section entitled “Risk Factors” in Canopy’s Annual Report on Form 10-K for the year ended March 31, 2020 , filed with the Securities and Exchange Commission and with applicable Canadian securities regulators, as such factors may be further updated from time to time in its periodic filings with the Securities and Exchange Commission and with applicable Canadian securities regulators, which can be accessed at www.sec.gov/edgar and www.sedar.com , respectively. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this press release and in the filings. Any forward-looking statement included in this press release is made as of the date of this press release and, except as required by law, Canopy disclaims any obligation to update or revise any forward-looking statement. Readers are cautioned not to put undue reliance on any forward-looking statement. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement.
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Canbud Distribution Corporation (CSE: CBDX) (FSE: CD0) (“Canbud” or the “Corporation”) announces its subsidiary Empathy Plant Co. has completed the full development of its vegan multivitamin formula exclusively for women.
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This formula was developed to provide the market with a daily female specific multivitamin offering in 100% compostable packaging. The multivitamin will work synergistically with Empathy Plant Co’s. Green Energy and Complete Plant Protein products and will be sold as a plant-based health system. It will be available in vegetable capsules and will provide the following benefits:
1. Promotes overall health
2. Supports hormone balance
3. Supports hair, skin, and nail health
4. Supports metabolism
5. Increased energy
6. Immune function
7. Bone health
8. Eye health
9. Muscle function
10. Source of antioxidants
Canbud’s CEO, Steve Singh, comments: “We continue to add products that support our health and wellness theme. As we near commercialization I’m very excited to see our innovation pipeline strengthen and believe it will give us a great competitive advantage in a highly coveted consumer demographic.”
The time of market release will be announced at a further date once production timelines are finalized.
Canbud Distribution Corporation is a science and technology health and wellness company that encompasses plant based, psychedelic pharmaceutical and non-psychedelic nutraceutical, and hemp cannabinoids (CBD) verticals.
For further information, please contact:
Robert Tjandra, President and COO
Tel: 1 416 847 7312
Notice Regarding Forward Looking Information
This news release is not an offer to sell, or a solicitation of an offer to buy or sell, any securities of the Corporation and may not be relied upon in connection with the purchase or sale of any such security.
This news release contains “forward-looking information” within the meaning of Canadian securities legislation. The forward-looking information contained in this news release represents the expectations of the Corporation as of the date of this news release and, accordingly, is subject to change after such date. Forward-looking information includes information including statements with respect to the future exploration performance of the Corporation. Forward-looking information is based on, among other things, opinions, assumptions, estimates and analyses that, while considered reasonable by the Corporation at the date the forward-looking information is provided, are inherently subject to significant risks, uncertainties, contingencies, and other factors that may cause actual results and events to be materially different from those expressed or implied by the forward-looking information. The risks, uncertainties, contingencies and other factors that may cause actual results to differ materially from those expressed or implied by the forward-looking information may include, but are not limited to (i) adverse market conditions; (ii) risks inherent in the CBD, psychedelics and vegan protein industries in general or (iii) risks generally associated with the Corporation’s business, as described in the Corporation’s public filings on SEDAR, which readers are encouraged to review in detail prior to any transaction involving the securities of the Corporation. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, the Corporation does not intend to update these forward-looking statements. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date.
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