https://www.cannabispressreleases.com/press-releases/ Wed, 29 Apr 2026 20:44:47 +0000 MyBB https://www.cannabispressreleases.com/press-releases/showthread.php?tid=22 Tue, 16 Jan 2024 01:32:02 +0000 Cannabis Press Releases]]> https://www.cannabispressreleases.com/press-releases/showthread.php?tid=22 Cannabis with Rodent, Deer and Human Detection
8/23/2022
Announcement
Palo Alto, CA — Camect INC fills the costly security gap for cannabis dispensary and grow facilities with an affordable AI-powered smart hub able to detect rodents, deer and humans with a less than 1% error rate.

Until the S.A.F.E. Banking Act passes cash intensive dispensary owners are at rising risk for violent and costly burglaries from humans. According to NPR, the wave of crime has escalated. Grow facilities face the double threat from both human crop theft and destruction from rodents and animals. One rodent can destroy thousands of dollars of valuable plants.
Live guards burden owners with as much as $50,000 a month in round-the-clock security. A solution that is not affordable to most. Video security cameras offer at best a reactive approach to crime detection. These cameras are designed to record, not detect. In a world with understaffed, overworked police officers these videos are not actually helpful. This can be a huge distraction with alerts going off every time a leaf, bug or weather triggers an alarm. NYT reports that 80% of DIY security system owners are annoyed by “false-alarms”.
Camect uses AI-powered object detection. The nanosecond an object (rodent, deer, person, pick-up truck, delivery truck, etc.) is detected, an alert is deployed, if you want to know about it. The system will adapt to the user’s preferences, virtually eliminating false alarms. Camect affordable smart hub connects with almost every existing camera system. Most often no new equipment is needed.
“Regulations require dispensary owners to pour large amounts of capital into their business and operate as cash-only enterprises. This puts product and cash at great risk with criminals targeting both. One of my new customers called me after he lost huge amounts of inventory and $75,000 cash with one break-in. Camect is committed to helping business owners take a proactive approach and deter these crimes,” says Camect National Account Manager Brad Kenning who specializes in Cannabis Security.
Camect is currently available worldwide. Contact Camect Marketing Director Rachel Swardson at connect@camect.com for more information.
About Camect
Camect Inc is the first to bring affordable, accurate and reliable Artificial Intelligence analytics to video and non-video security systems. Our goal is to help human beings focus on what matters.

• Camect Protects Cannabis
  
• How Camect Works
  

https://youtu.be/WBO-1gTh_Jo]]> Cannabis with Rodent, Deer and Human Detection
8/23/2022
Announcement
Palo Alto, CA — Camect INC fills the costly security gap for cannabis dispensary and grow facilities with an affordable AI-powered smart hub able to detect rodents, deer and humans with a less than 1% error rate.

Until the S.A.F.E. Banking Act passes cash intensive dispensary owners are at rising risk for violent and costly burglaries from humans. According to NPR, the wave of crime has escalated. Grow facilities face the double threat from both human crop theft and destruction from rodents and animals. One rodent can destroy thousands of dollars of valuable plants.
Live guards burden owners with as much as $50,000 a month in round-the-clock security. A solution that is not affordable to most. Video security cameras offer at best a reactive approach to crime detection. These cameras are designed to record, not detect. In a world with understaffed, overworked police officers these videos are not actually helpful. This can be a huge distraction with alerts going off every time a leaf, bug or weather triggers an alarm. NYT reports that 80% of DIY security system owners are annoyed by “false-alarms”.
Camect uses AI-powered object detection. The nanosecond an object (rodent, deer, person, pick-up truck, delivery truck, etc.) is detected, an alert is deployed, if you want to know about it. The system will adapt to the user’s preferences, virtually eliminating false alarms. Camect affordable smart hub connects with almost every existing camera system. Most often no new equipment is needed.
“Regulations require dispensary owners to pour large amounts of capital into their business and operate as cash-only enterprises. This puts product and cash at great risk with criminals targeting both. One of my new customers called me after he lost huge amounts of inventory and $75,000 cash with one break-in. Camect is committed to helping business owners take a proactive approach and deter these crimes,” says Camect National Account Manager Brad Kenning who specializes in Cannabis Security.
Camect is currently available worldwide. Contact Camect Marketing Director Rachel Swardson at connect@camect.com for more information.
About Camect
Camect Inc is the first to bring affordable, accurate and reliable Artificial Intelligence analytics to video and non-video security systems. Our goal is to help human beings focus on what matters.

• Camect Protects Cannabis
  
• How Camect Works
  

https://youtu.be/WBO-1gTh_Jo]]> https://www.cannabispressreleases.com/press-releases/showthread.php?tid=21 Tue, 16 Jan 2024 01:29:19 +0000 Cannabis Press Releases]]> https://www.cannabispressreleases.com/press-releases/showthread.php?tid=21 Nimble Distro Announced as Official Distributor of Magic Number’s Cannabis-Infused Beverages

7/10/2023

Announcement

Portland, Oregon – July 10, 2023 – Nimble Distro, a leading wholesale distribution company in the Oregon cannabis industry, proudly announces its partnership with Magic Number, producer of Oregon’s #1 cannabis beverage. Nimble Distro has been selected as the distributor for Magic Number and will facilitate the sales and delivery of the manufacturer’s lines of all-natural, live resin-infused beverages and syrups.

The humble origin story of Magic Number began in 2014 when two friends, Alex Berger and Dan Pilver, sought to brew Oregon’s first cannabis-infused Ginger Beer. By way of recycled equipment and relentless ingenuity, the pair tested dozens of recipes to develop the drink that would eventually propel their business from a small-scale garage brewery to the commercial facility they operate today.

Through perseverance, innovation, and the belief in the healing powers of cannabis the team has refined their nano-emulsion technology and has experienced monumental growth. Expanded offerings include varying potencies and a wide selection of teas, sodas, seltzers and tinctures that quench thirst and stimulate minds. Their dedication to sustainability and commitment to sourcing all-natural ingredients from local growers and suppliers sets them apart as a brand that values quality and integrity.

This Summer, Magic Number introduced the next game-changer in the industry: resealable cans.

“This new XO resealable technology is poised to change the very culture of cannabis beverage consumption and expand the category. By turning the single-serving can into a multi-serving beverage, consumers will be able to dial in their Magic Number and create the ideal experience every time” says Jon Tapper, Sales & Marketing Manager at Magic Number. “We have full confidence in Nimble’s capacity to amplify our reach and efficiently distribute our products to meet ever-increasing demand.”

Nimble Distro, led by renowned entrepreneurs Joy Hudson and Marissa Rodriguez, is thrilled to join forces with Magic Number as their distributor. With a reputation for proficiency, profitability, and challenging the norm, Nimble brings a highly capable sales and logistics engine to the partnership.

Utilizing their extensive sales and distribution experience, Hudson and Rodriguez co-founded Nimble with the intention of setting a new standard for efficiency and professionalism in the cannabis space. Alongside their flagship in-house pre-roll lines, KITES and Broomsticks, Nimble distributes dozens of other product lines for a range of farms and processors across Oregon.

Magic Number and Nimble Distro are excited about the future of their partnership and the opportunities it presents to deliver exceptional cannabis-infused beverages to consumers throughout Oregon.

“We are delighted to partner with Magic Number,” said Joy Hudson, Co-founder and CEO of Nimble Distro. “We’re both pioneers. Together we will continue to redefine the cannabis industry and set a new standard for excellence.”

For more information about Nimble Distro and Magic Number, please visit their respective websites at www.nimbledistro.com and www.drinkmagicnumber.com.

About Nimble Distro
Nimble Distro is a leading wholesale distribution company in the cannabis industry. Powered by a proficient logistics and manufacturing engine, Nimble Distro drives profitability and positive social impact by forging collaborative partnerships with premier cannabis cultivators and processors. With a focus on product excellence and community engagement, Nimble Distro is committed to reshaping the future of the cannabis industry.

About Magic Number
Magic Number is Oregon’s #1 cannabis beverage processor. Crafted in Bend, OR with all-natural ingredients and infused with the healing benefits of whole plant cannabis, Magic Number’s liquid edibles offer a fresh and delicious experience to consumers. Rooted in sustainability and quality, Magic Number is dedicated to delivering unparalleled beverages that inspire, uplift, and invigorate.

Contact
Nimble Distro – Terah Ebie – Sales & Logistics Manager – terah@nimbledistro.com
Magic Number – Jon Tapper – Sales & Marketing Manager – jon@drinkmagicnumber.com

  nimble-magic-insert.jpg (Size: 222.36 KB / Downloads: 0)

  nimble-magic-number-feat-1024x480.jpg (Size: 53.78 KB / Downloads: 0) ]]> Nimble Distro Announced as Official Distributor of Magic Number’s Cannabis-Infused Beverages

7/10/2023

Announcement

Portland, Oregon – July 10, 2023 – Nimble Distro, a leading wholesale distribution company in the Oregon cannabis industry, proudly announces its partnership with Magic Number, producer of Oregon’s #1 cannabis beverage. Nimble Distro has been selected as the distributor for Magic Number and will facilitate the sales and delivery of the manufacturer’s lines of all-natural, live resin-infused beverages and syrups.

The humble origin story of Magic Number began in 2014 when two friends, Alex Berger and Dan Pilver, sought to brew Oregon’s first cannabis-infused Ginger Beer. By way of recycled equipment and relentless ingenuity, the pair tested dozens of recipes to develop the drink that would eventually propel their business from a small-scale garage brewery to the commercial facility they operate today.

Through perseverance, innovation, and the belief in the healing powers of cannabis the team has refined their nano-emulsion technology and has experienced monumental growth. Expanded offerings include varying potencies and a wide selection of teas, sodas, seltzers and tinctures that quench thirst and stimulate minds. Their dedication to sustainability and commitment to sourcing all-natural ingredients from local growers and suppliers sets them apart as a brand that values quality and integrity.

This Summer, Magic Number introduced the next game-changer in the industry: resealable cans.

“This new XO resealable technology is poised to change the very culture of cannabis beverage consumption and expand the category. By turning the single-serving can into a multi-serving beverage, consumers will be able to dial in their Magic Number and create the ideal experience every time” says Jon Tapper, Sales & Marketing Manager at Magic Number. “We have full confidence in Nimble’s capacity to amplify our reach and efficiently distribute our products to meet ever-increasing demand.”

Nimble Distro, led by renowned entrepreneurs Joy Hudson and Marissa Rodriguez, is thrilled to join forces with Magic Number as their distributor. With a reputation for proficiency, profitability, and challenging the norm, Nimble brings a highly capable sales and logistics engine to the partnership.

Utilizing their extensive sales and distribution experience, Hudson and Rodriguez co-founded Nimble with the intention of setting a new standard for efficiency and professionalism in the cannabis space. Alongside their flagship in-house pre-roll lines, KITES and Broomsticks, Nimble distributes dozens of other product lines for a range of farms and processors across Oregon.

Magic Number and Nimble Distro are excited about the future of their partnership and the opportunities it presents to deliver exceptional cannabis-infused beverages to consumers throughout Oregon.

“We are delighted to partner with Magic Number,” said Joy Hudson, Co-founder and CEO of Nimble Distro. “We’re both pioneers. Together we will continue to redefine the cannabis industry and set a new standard for excellence.”

For more information about Nimble Distro and Magic Number, please visit their respective websites at www.nimbledistro.com and www.drinkmagicnumber.com.

About Nimble Distro
Nimble Distro is a leading wholesale distribution company in the cannabis industry. Powered by a proficient logistics and manufacturing engine, Nimble Distro drives profitability and positive social impact by forging collaborative partnerships with premier cannabis cultivators and processors. With a focus on product excellence and community engagement, Nimble Distro is committed to reshaping the future of the cannabis industry.

About Magic Number
Magic Number is Oregon’s #1 cannabis beverage processor. Crafted in Bend, OR with all-natural ingredients and infused with the healing benefits of whole plant cannabis, Magic Number’s liquid edibles offer a fresh and delicious experience to consumers. Rooted in sustainability and quality, Magic Number is dedicated to delivering unparalleled beverages that inspire, uplift, and invigorate.

Contact
Nimble Distro – Terah Ebie – Sales & Logistics Manager – terah@nimbledistro.com
Magic Number – Jon Tapper – Sales & Marketing Manager – jon@drinkmagicnumber.com

  nimble-magic-insert.jpg (Size: 222.36 KB / Downloads: 0)

  nimble-magic-number-feat-1024x480.jpg (Size: 53.78 KB / Downloads: 0) ]]> https://www.cannabispressreleases.com/press-releases/showthread.php?tid=20 Tue, 16 Jan 2024 01:28:05 +0000 Cannabis Press Releases]]> https://www.cannabispressreleases.com/press-releases/showthread.php?tid=20 Big Plan Holdings Partners With Tennessee-Based Evelyn Capital In Strategic Acquisition Of Ascend Wellness Holdings’ Location In Monaca, Pennsylvania
8/28/2023
Announcement
Nashville, Tennessee, August 23rd, 2023 – Big Plan Holdings (BPH), a diversified family holding company with cross-sector investments in cannabis, real estate, music, entertainment, professional sports, and hospitality, has announced a strategic partnership with Tennessee-based Evelyn Capital to acquire the 1.25 acre, Monaca, Pennsylvania ‘Ascend Wellness Holdings’ AWH – (CSE;AWWH.U;OTCQX;AAWF) vertically integrated medical cannabis retail operation.
The acquisition expands upon the regional footprint and suite of services of Big Plan Holdings (BPH) in partnership with one of the nation’s leading multistate operators (‘MSOs’), publicly traded on the Canadian Stock Exchange.
In commenting on the acquisition of the tenant retail building located in Monaca, Pennsylvania, totaling $3.25 million, Josh Joseph, Co-Founder and CEO of Big Plan Holdings, stated that, “We are pleased to partner with fellow Tennessee-based and entrepreneurial real estate and investment firm, Evelyn Capital, in this exciting acquisition in Pennsylvania, further expanding our Northeast regional push and doing so with such an impactful brand as Ascend Wellness Holdings. AWH is tactically positioned to continue its dynamic trajectory in the cannabis space; a vertically-integrated operator with a footprint in seven of the most attractive states in the country for the industry. They are one of the stronger operators in the industry and BPH has long been a strong supporter of AWH and their management team.”
Founded in 2018 and presently hosting assets in Illinois, Michigan, Maryland, Ohio, Massachusetts, New Jersey and indeed Pennsylvania, Ascend Wellness Holdings owns and operates state of the art cultivation facilities, grows award-winning strains, and produces a curated selection of cannabis products.
Taylor Preston, Principal at Evelyn Capital, added that, “We share the enthusiasm of our partners at Big Plan Holdings in the announcement of this strategic acquisition, executed with a significantly increased cap rate, in large part due to BPH’s longstanding relationship with Ascend Wellness Holdings, but one example of the conducive environments for growth which BPH creates for their partners.”
The timing of this announcement is fortuitous; on Thursday, August 17th, 2023, five U.S. State Senators introduced Senate Bill 846, bipartisan legislation aiming to legalize the recreational use of cannabis for Pennsylvanians 21 years of age and older.
Eric Russell, Chief Investment Officer (CIO) at Big Plan Holdings, added that, “We are pleased to bring our experience and resources at this timely juncture to Pennsylvania and on the sidelines of the liberalization of the state’s marketplace. With combined commercial real estate (CRE), development and transactions totaling $2.5 billion from inception to present date, with transaction locations in upwards of 40+ states, our success lies in our vigilance and versatility – in seeking out mutually beneficial partnerships that allow for greater market penetration opportunities, service delivery, and sustainable business growth.”
About Big Plan Holdings
Big Plan Holdings (BPH) is a Nashville, Tennessee-based family-office, directed by Josh, Tara, Sydni, and Sophie Joseph, with diversified investments in cannabis, real estate, music, entertainment, professional sports, fashion, and hospitality, among myriad strategic investments across the United States and internationally.
BPH also hosts a philanthropic family foundation, The Joseph Family Foundation, with several different touch points of thematic, statewide, national, and global focus.
For more information, please visit http://bigplanholdings.com.]]> Big Plan Holdings Partners With Tennessee-Based Evelyn Capital In Strategic Acquisition Of Ascend Wellness Holdings’ Location In Monaca, Pennsylvania
8/28/2023
Announcement
Nashville, Tennessee, August 23rd, 2023 – Big Plan Holdings (BPH), a diversified family holding company with cross-sector investments in cannabis, real estate, music, entertainment, professional sports, and hospitality, has announced a strategic partnership with Tennessee-based Evelyn Capital to acquire the 1.25 acre, Monaca, Pennsylvania ‘Ascend Wellness Holdings’ AWH – (CSE;AWWH.U;OTCQX;AAWF) vertically integrated medical cannabis retail operation.
The acquisition expands upon the regional footprint and suite of services of Big Plan Holdings (BPH) in partnership with one of the nation’s leading multistate operators (‘MSOs’), publicly traded on the Canadian Stock Exchange.
In commenting on the acquisition of the tenant retail building located in Monaca, Pennsylvania, totaling $3.25 million, Josh Joseph, Co-Founder and CEO of Big Plan Holdings, stated that, “We are pleased to partner with fellow Tennessee-based and entrepreneurial real estate and investment firm, Evelyn Capital, in this exciting acquisition in Pennsylvania, further expanding our Northeast regional push and doing so with such an impactful brand as Ascend Wellness Holdings. AWH is tactically positioned to continue its dynamic trajectory in the cannabis space; a vertically-integrated operator with a footprint in seven of the most attractive states in the country for the industry. They are one of the stronger operators in the industry and BPH has long been a strong supporter of AWH and their management team.”
Founded in 2018 and presently hosting assets in Illinois, Michigan, Maryland, Ohio, Massachusetts, New Jersey and indeed Pennsylvania, Ascend Wellness Holdings owns and operates state of the art cultivation facilities, grows award-winning strains, and produces a curated selection of cannabis products.
Taylor Preston, Principal at Evelyn Capital, added that, “We share the enthusiasm of our partners at Big Plan Holdings in the announcement of this strategic acquisition, executed with a significantly increased cap rate, in large part due to BPH’s longstanding relationship with Ascend Wellness Holdings, but one example of the conducive environments for growth which BPH creates for their partners.”
The timing of this announcement is fortuitous; on Thursday, August 17th, 2023, five U.S. State Senators introduced Senate Bill 846, bipartisan legislation aiming to legalize the recreational use of cannabis for Pennsylvanians 21 years of age and older.
Eric Russell, Chief Investment Officer (CIO) at Big Plan Holdings, added that, “We are pleased to bring our experience and resources at this timely juncture to Pennsylvania and on the sidelines of the liberalization of the state’s marketplace. With combined commercial real estate (CRE), development and transactions totaling $2.5 billion from inception to present date, with transaction locations in upwards of 40+ states, our success lies in our vigilance and versatility – in seeking out mutually beneficial partnerships that allow for greater market penetration opportunities, service delivery, and sustainable business growth.”
About Big Plan Holdings
Big Plan Holdings (BPH) is a Nashville, Tennessee-based family-office, directed by Josh, Tara, Sydni, and Sophie Joseph, with diversified investments in cannabis, real estate, music, entertainment, professional sports, fashion, and hospitality, among myriad strategic investments across the United States and internationally.
BPH also hosts a philanthropic family foundation, The Joseph Family Foundation, with several different touch points of thematic, statewide, national, and global focus.
For more information, please visit http://bigplanholdings.com.]]> https://www.cannabispressreleases.com/press-releases/showthread.php?tid=19 Tue, 16 Jan 2024 01:27:22 +0000 Cannabis Press Releases]]> https://www.cannabispressreleases.com/press-releases/showthread.php?tid=19 Körber Offers Preroll Solutions to Help Cannabis Brands Increase Profit

9/28/2023

Announcement

Pre-rolls have undeniably become one of the fastest-growing categories in the cannabis industry. Consumers seek convenience, and the era of worrying about low-quality cannabis in pre-rolls has faded into the past.

Furthermore, the introduction of cylindrical or cigarette-style pre-rolls (straight pre-rolls) has elevated an outstanding smoking experience, adding to the allure of this category.

With rising sales figures in many states, the need to optimize production becomes paramount, especially in light of limited financial liquidity and workforce availability. The focus shifts towards profitability, cost reduction, increased product quality, and enhanced appeal.

Let’s face it; achieving these goals requires departing from conical pre-rolls and slow-paced automated production. It’s time to draw inspiration from the tobacco and cigarette industry’s rod production methods.

Efficiency and Precision in Cannabis Production
In the 1950s, cigarettes came in various shapes, mostly lacking filters. Brands like Marlboro recognized the potential of filters, appealing to a broader consumer base. Standardizing the cylindrical shape introduced automation, significantly reducing production costs. Today, those early adopters dominate the global cigarette market, and Körber (formerly Hauni), the pioneer of filter cigarette making machines, stands as the undisputed number one machine supplier for this industry.

The question arises: Can this approach thrive in the highly fragmented U.S. cannabis market, challenged by interstate shipments? The answer is affirmative, albeit on a smaller scale. Körber’s CANTOS cylindrical pre-roll efficiently produces 40,000 pre-rolls per 8-hour shift. Leveraging the cigarette shape, it seamlessly integrates with regular cigarette packers. As national legalization approaches, highly automated and efficient production hubs emerge, making it even more enticing for some to transition to the world’s fastest pre-roll maker, the Nano-H, producing over 1,000 pre-rolls per minute.

Continuous Flow Production
Cigarettes are produced in a continuous flow, rather than individually rolled. This principle allows production speeds of up to 20,000 cigarettes per minute while maintaining the highest possible quality. Körber’s pre-roll makers embrace this continuous production principle, with adjustments to handle sticky cannabis. Achieving production costs per pre-roll (including all non-cannabis materials) below $0.02 becomes attainable.


© Körber Technologies

The Filter Plug: Customization and Trends
Upon opening a classic cigarette box, consumers immediately notice the filter plug. Beyond potentially reducing harmful substances, filter plugs enhance pre-roll appearance and flavor. With over 80% of filters worldwide produced on Körber’s filtermaking machines, Körber collaborates with customers to develop innovative filters. These include the capsule filter, featuring a crushable flavor capsule (e.g., mint), and the multi-filter, combining segments like charcoal and acetate. The crimped paper filter plug, once popular in France, has made a comeback due to the demand for biodegradable materials. The crutch tip, commonly found in many pre-rolls, reflects the growing popularity of paper filters. The filter plugs are attached to the cannabis rod by a tipping paper. This tipping paper offers an excellent opportunity for product customization with various colors and logos.

© Körber Technologies

Material Preparation and Airflow Control
Drawing from the tobacco industry’s experience, cannabis production benefits from techniques like resting and cooling to prepare materials for downstream processes. Blending, initially met with skepticism, can however standardizes cannabis characteristics, ensuring a consistent and enjoyable smoking experience, especially with psychoactive substances. With 75 years of expertise in tobacco preparation machinery, Körber applies this knowledge to refine the cannabis preparation process.

Airflow control is a critical factor in mastering the smoking experience. Cigarette companies have perfected the ideal combination of product hardness and airflow to ensure a slow, enjoyable burn. The continuous cigarette production principle, coupled with meticulous filler preparation, enables cannabis companies to achieve similar metrics. Perforated tipping paper or online perforation enhances airflow and can be used in case a lighter taste wants to be achieved.

About Körber
The Körber Group, with over 12,000 employees worldwide, provides machinery and solutions across pharmaceuticals, tissue, and tobacco industries. Körber Logistics offers automated warehouse and parcel handling solutions, while Körber Digital provides AI-based solutions. Körber Technologies (formerly Hauni Maschinenbau), with over 4,000 employees, leads in tobacco machinery and solutions. For over three years, Körber has offered pre-roll makers tailored for the cannabis industry. The compact TFM machine efficiently fills pre-made cylindrical tubes, which are significantly more cost-effective than cones, at 80 cpm. Beyond this, CANTOS and NANO-H are the machines using the continuous cigarette making principle. Körber’s pre-roll makers handle high-THC material and industrial hemp with precision and Körber assist customers in optimizing the entire production process, from material preparation to production flow, as well as the with the selection of the materials (tipping paper etc.).

  cantos-1.jpg (Size: 91.85 KB / Downloads: 0)

  preroll.png (Size: 94.1 KB / Downloads: 0) ]]> Körber Offers Preroll Solutions to Help Cannabis Brands Increase Profit

9/28/2023

Announcement

Pre-rolls have undeniably become one of the fastest-growing categories in the cannabis industry. Consumers seek convenience, and the era of worrying about low-quality cannabis in pre-rolls has faded into the past.

Furthermore, the introduction of cylindrical or cigarette-style pre-rolls (straight pre-rolls) has elevated an outstanding smoking experience, adding to the allure of this category.

With rising sales figures in many states, the need to optimize production becomes paramount, especially in light of limited financial liquidity and workforce availability. The focus shifts towards profitability, cost reduction, increased product quality, and enhanced appeal.

Let’s face it; achieving these goals requires departing from conical pre-rolls and slow-paced automated production. It’s time to draw inspiration from the tobacco and cigarette industry’s rod production methods.

Efficiency and Precision in Cannabis Production
In the 1950s, cigarettes came in various shapes, mostly lacking filters. Brands like Marlboro recognized the potential of filters, appealing to a broader consumer base. Standardizing the cylindrical shape introduced automation, significantly reducing production costs. Today, those early adopters dominate the global cigarette market, and Körber (formerly Hauni), the pioneer of filter cigarette making machines, stands as the undisputed number one machine supplier for this industry.

The question arises: Can this approach thrive in the highly fragmented U.S. cannabis market, challenged by interstate shipments? The answer is affirmative, albeit on a smaller scale. Körber’s CANTOS cylindrical pre-roll efficiently produces 40,000 pre-rolls per 8-hour shift. Leveraging the cigarette shape, it seamlessly integrates with regular cigarette packers. As national legalization approaches, highly automated and efficient production hubs emerge, making it even more enticing for some to transition to the world’s fastest pre-roll maker, the Nano-H, producing over 1,000 pre-rolls per minute.

Continuous Flow Production
Cigarettes are produced in a continuous flow, rather than individually rolled. This principle allows production speeds of up to 20,000 cigarettes per minute while maintaining the highest possible quality. Körber’s pre-roll makers embrace this continuous production principle, with adjustments to handle sticky cannabis. Achieving production costs per pre-roll (including all non-cannabis materials) below $0.02 becomes attainable.


© Körber Technologies

The Filter Plug: Customization and Trends
Upon opening a classic cigarette box, consumers immediately notice the filter plug. Beyond potentially reducing harmful substances, filter plugs enhance pre-roll appearance and flavor. With over 80% of filters worldwide produced on Körber’s filtermaking machines, Körber collaborates with customers to develop innovative filters. These include the capsule filter, featuring a crushable flavor capsule (e.g., mint), and the multi-filter, combining segments like charcoal and acetate. The crimped paper filter plug, once popular in France, has made a comeback due to the demand for biodegradable materials. The crutch tip, commonly found in many pre-rolls, reflects the growing popularity of paper filters. The filter plugs are attached to the cannabis rod by a tipping paper. This tipping paper offers an excellent opportunity for product customization with various colors and logos.

© Körber Technologies

Material Preparation and Airflow Control
Drawing from the tobacco industry’s experience, cannabis production benefits from techniques like resting and cooling to prepare materials for downstream processes. Blending, initially met with skepticism, can however standardizes cannabis characteristics, ensuring a consistent and enjoyable smoking experience, especially with psychoactive substances. With 75 years of expertise in tobacco preparation machinery, Körber applies this knowledge to refine the cannabis preparation process.

Airflow control is a critical factor in mastering the smoking experience. Cigarette companies have perfected the ideal combination of product hardness and airflow to ensure a slow, enjoyable burn. The continuous cigarette production principle, coupled with meticulous filler preparation, enables cannabis companies to achieve similar metrics. Perforated tipping paper or online perforation enhances airflow and can be used in case a lighter taste wants to be achieved.

About Körber
The Körber Group, with over 12,000 employees worldwide, provides machinery and solutions across pharmaceuticals, tissue, and tobacco industries. Körber Logistics offers automated warehouse and parcel handling solutions, while Körber Digital provides AI-based solutions. Körber Technologies (formerly Hauni Maschinenbau), with over 4,000 employees, leads in tobacco machinery and solutions. For over three years, Körber has offered pre-roll makers tailored for the cannabis industry. The compact TFM machine efficiently fills pre-made cylindrical tubes, which are significantly more cost-effective than cones, at 80 cpm. Beyond this, CANTOS and NANO-H are the machines using the continuous cigarette making principle. Körber’s pre-roll makers handle high-THC material and industrial hemp with precision and Körber assist customers in optimizing the entire production process, from material preparation to production flow, as well as the with the selection of the materials (tipping paper etc.).

  cantos-1.jpg (Size: 91.85 KB / Downloads: 0)

  preroll.png (Size: 94.1 KB / Downloads: 0) ]]> https://www.cannabispressreleases.com/press-releases/showthread.php?tid=18 Tue, 16 Jan 2024 01:26:06 +0000 Cannabis Press Releases]]> https://www.cannabispressreleases.com/press-releases/showthread.php?tid=18
10/17/2023

Announcement

Brunswick, ME – October 6, 2023 – Healer CBD, a leading provider of hemp wellness oils, capsules and topicals nationwide, today announced it launched a new line of full-spectrum functional gummies made from hemp featuring three distinct formulations that contain beneficial acidic cannabinoids not present in most gummies currently available.

Called Ease, Rest, and Vitality, Healer hemp gummies are rare because they contain the acidic cannabinoids CBDA and CBGA, which are known for their powerful pain relief, anti-inflammatory, immune-supporting, and neuroprotective properties. Recent studies show that cannabinoids in their original “unheated” acidic form have tremendous healing properties that act in tandem with and in contrast to their neutral counterparts.

The gummies were developed by Dr. Dustin Sulak, an osteopathic physician recognized globally by his peers as a pioneer of cannabis clinical applications, formulations, and dosage protocols. A leading expert on the therapeutic potential of cannabinoids, he is the author of the first foundational text on the clinical use of cannabinoid therapies, titled Handbook of Cannabis for Clinicians: Principles and Practice.

Each  functional “acidic” gummy contains unique, consistent ratios of full-spectrum CBDA and CBGA along with their neutral (and better-known) counterparts CBD and CBG, plus other beneficial acidic and neutral minor cannabinoids extracted from specially selected organic hemp strains grown in Maine. Specifically:

    Ease lemon gummies (1:1 CBD:CBDA) are formulated to help people manage stress, worry and aches.
    Rest blueberry gummies (6:1 CBG:CBGA) are formulated to help people relax, fall asleep more easily, calm “fight or flight” feelings, and target nerve discomfort.
    Vitality tangerine gummies (1:1 CBDA:CBGA) are formulated to support the immune system, reduce aches and discomforts, and increase energy levels.

To maximize wellness, Healer gummies are non-impairing, vegan, gluten free and made with organic ingredients and all natural, plant-based flavorings and colorings. Each serving contains less than 3 grams of sugar and no corn syrup. These gummies contain 10 mg of cannabinoids and less than 0.3% THC in accordance with federal law.

To ensure consistency and consumer safety, every batch is third-party lab tested. A Certificate of Analysis (COA) verifying the product’s contents and the absence of heavy metals, pesticides, solvents and other biocontaminants is prominently available via QR code on the label. A companion Usage Guide & Response Tracker booklet accompanies each product.

“We devoted a lot of time and effort over the past year to ensure the taste and effects meet the standard of excellence that our customers depend on to improve their overall health and well-being,” said Bradley Feuer, Healer CBD co-founder and CEO. “The initial response through consumer testing has been tremendous in regards to the taste, effects and the quicker onset compared to other edibles.”

It appears these gummies are a game-changer for people who want the health benefits of cannabinoids without impairment, but prefer delicious gummies to conventional oil drops or capsules, he said.

Healer CBD Ease, Rest, and Vitality gummies are available now at HealerCBD.com and a growing number of retail outlets.

###

About Healer CBD

Healer is a trusted, physician-developed hemp brand and educational resource founded to help consumers and healthcare providers get the best results with safe, reliably dosable products and education on how to best use them. Healer’s educational content and distinctive product formulations are based on the latest science, clinical research and 13 years of clinical work by Dr. Dustin Sulak.

Healer CBD’s paradigm-shifting patented nano-filtration extraction process sets a new standard for maintaining the plant’s valuable components while removing harmful contaminants. To learn more visit https://healercbd.com/healer-spectrum/#our-process.

Healer Whole Plant Hemp products are available nationwide. For education on how to use hemp as medicine or information about Healer Hemp products, visit www.HealerCBD.com.

About Dr. Dustin Sulak
Dustin Sulak, DO is a co-founder of Healer CBD and the founder of Integr8 Health, a medical practice in Maine that follows over 8,000 patients using medical cannabis and hemp. His practice balances the principles of osteopathy, mind-body medicine and medical cannabis.

Regarded as an expert on medical cannabis, Dr. Sulak educates medical providers and patients on its clinical use, while continuing to explore the therapeutic potential of this ancient yet emerging medicine.

Globally recognized by his peers as a pioneer of clinical applications, formulations, and usage protocols, Dr. Sulak is the author of the first foundational text on the clinical use of cannabis and cannabinoid therapies, titled Handbook of Cannabis for Clinicians: Principles and Practice [https://wwnorton.com/books/9780393714180].

Dr. Sulak received undergraduate degrees in nutrition science and biology from Indiana University, a doctorate of osteopathy from the Arizona College of Osteopathic Medicine, and completed an internship at Maine-Dartmouth Family Medicine Residency.

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10/17/2023

Announcement

Brunswick, ME – October 6, 2023 – Healer CBD, a leading provider of hemp wellness oils, capsules and topicals nationwide, today announced it launched a new line of full-spectrum functional gummies made from hemp featuring three distinct formulations that contain beneficial acidic cannabinoids not present in most gummies currently available.

Called Ease, Rest, and Vitality, Healer hemp gummies are rare because they contain the acidic cannabinoids CBDA and CBGA, which are known for their powerful pain relief, anti-inflammatory, immune-supporting, and neuroprotective properties. Recent studies show that cannabinoids in their original “unheated” acidic form have tremendous healing properties that act in tandem with and in contrast to their neutral counterparts.

The gummies were developed by Dr. Dustin Sulak, an osteopathic physician recognized globally by his peers as a pioneer of cannabis clinical applications, formulations, and dosage protocols. A leading expert on the therapeutic potential of cannabinoids, he is the author of the first foundational text on the clinical use of cannabinoid therapies, titled Handbook of Cannabis for Clinicians: Principles and Practice.

Each  functional “acidic” gummy contains unique, consistent ratios of full-spectrum CBDA and CBGA along with their neutral (and better-known) counterparts CBD and CBG, plus other beneficial acidic and neutral minor cannabinoids extracted from specially selected organic hemp strains grown in Maine. Specifically:

    Ease lemon gummies (1:1 CBD:CBDA) are formulated to help people manage stress, worry and aches.
    Rest blueberry gummies (6:1 CBG:CBGA) are formulated to help people relax, fall asleep more easily, calm “fight or flight” feelings, and target nerve discomfort.
    Vitality tangerine gummies (1:1 CBDA:CBGA) are formulated to support the immune system, reduce aches and discomforts, and increase energy levels.

To maximize wellness, Healer gummies are non-impairing, vegan, gluten free and made with organic ingredients and all natural, plant-based flavorings and colorings. Each serving contains less than 3 grams of sugar and no corn syrup. These gummies contain 10 mg of cannabinoids and less than 0.3% THC in accordance with federal law.

To ensure consistency and consumer safety, every batch is third-party lab tested. A Certificate of Analysis (COA) verifying the product’s contents and the absence of heavy metals, pesticides, solvents and other biocontaminants is prominently available via QR code on the label. A companion Usage Guide & Response Tracker booklet accompanies each product.

“We devoted a lot of time and effort over the past year to ensure the taste and effects meet the standard of excellence that our customers depend on to improve their overall health and well-being,” said Bradley Feuer, Healer CBD co-founder and CEO. “The initial response through consumer testing has been tremendous in regards to the taste, effects and the quicker onset compared to other edibles.”

It appears these gummies are a game-changer for people who want the health benefits of cannabinoids without impairment, but prefer delicious gummies to conventional oil drops or capsules, he said.

Healer CBD Ease, Rest, and Vitality gummies are available now at HealerCBD.com and a growing number of retail outlets.

###

About Healer CBD

Healer is a trusted, physician-developed hemp brand and educational resource founded to help consumers and healthcare providers get the best results with safe, reliably dosable products and education on how to best use them. Healer’s educational content and distinctive product formulations are based on the latest science, clinical research and 13 years of clinical work by Dr. Dustin Sulak.

Healer CBD’s paradigm-shifting patented nano-filtration extraction process sets a new standard for maintaining the plant’s valuable components while removing harmful contaminants. To learn more visit https://healercbd.com/healer-spectrum/#our-process.

Healer Whole Plant Hemp products are available nationwide. For education on how to use hemp as medicine or information about Healer Hemp products, visit www.HealerCBD.com.

About Dr. Dustin Sulak
Dustin Sulak, DO is a co-founder of Healer CBD and the founder of Integr8 Health, a medical practice in Maine that follows over 8,000 patients using medical cannabis and hemp. His practice balances the principles of osteopathy, mind-body medicine and medical cannabis.

Regarded as an expert on medical cannabis, Dr. Sulak educates medical providers and patients on its clinical use, while continuing to explore the therapeutic potential of this ancient yet emerging medicine.

Globally recognized by his peers as a pioneer of clinical applications, formulations, and usage protocols, Dr. Sulak is the author of the first foundational text on the clinical use of cannabis and cannabinoid therapies, titled Handbook of Cannabis for Clinicians: Principles and Practice [https://wwnorton.com/books/9780393714180].

Dr. Sulak received undergraduate degrees in nutrition science and biology from Indiana University, a doctorate of osteopathy from the Arizona College of Osteopathic Medicine, and completed an internship at Maine-Dartmouth Family Medicine Residency.

  healer-feat-1024x480.jpg (Size: 48.89 KB / Downloads: 0) ]]> https://www.cannabispressreleases.com/press-releases/showthread.php?tid=17 Tue, 16 Jan 2024 01:23:40 +0000 Cannabis Press Releases]]> https://www.cannabispressreleases.com/press-releases/showthread.php?tid=17 BudTrainer™ Launches the BudCups™: The Earth-Friendly, Root-Friendly Alternative to Single-Use Seedling Pots and Cups

11/28/2023

Announcement

In another move towards sustainable gardening, BudTrainer just announced the launch of their 4th product, the BudCups: a reusable, better-performing alternative to single-use seed starting cups and pots. Engineered to optimize root development, the BudCups are a patent-pending invention set to redefine the standards of not just planting and transplanting, but environmentally responsible gardening.

First, they’re dishwasher-friendly, made from 100% recycled and food-grade plastic, and designed to be reused indefinitely, making them the most earth-friendly choice for gardeners committed to reducing waste. They were also designed without a single corner where pathogens can live, turning the washing process into a breeze.

Secondly, the BudCups feature a unique Triple-Drainage system that optimizes for runoff flow, promoting the best drybacks, ensuring optimal root health and growth, and preventing root rot or other pathogenic diseases.

The best part? The BudCups’ Shock-Free Transplanting mechanism was designed not only to minimize transplant shock to the roots, but also to make it easy and clean to transplant. Just pop the bottom, and the entire root ball comes out, untouched.

Henrique Dias, the innovative founder of BudTrainer, states, “Our vision with BudCups™ goes beyond just creating a better gardening container. We’re introducing a sustainable practice in home gardening, merging the love we have for the plant with the care we have for the planet.”

About BudTrainer™
BudTrainer™ is an innovative designer of cannabis gardening products and a community leader in the cannabis space. Renowned for its high-quality, earth-conscious, and user-friendly products, BudTrainer empowers home growers to achieve superior results in their gardens.

To purchase your BudCups on Indiegogo, visit this LINK, and to check out BudTrainer, visit this LINK.

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11/28/2023

Announcement

In another move towards sustainable gardening, BudTrainer just announced the launch of their 4th product, the BudCups: a reusable, better-performing alternative to single-use seed starting cups and pots. Engineered to optimize root development, the BudCups are a patent-pending invention set to redefine the standards of not just planting and transplanting, but environmentally responsible gardening.

First, they’re dishwasher-friendly, made from 100% recycled and food-grade plastic, and designed to be reused indefinitely, making them the most earth-friendly choice for gardeners committed to reducing waste. They were also designed without a single corner where pathogens can live, turning the washing process into a breeze.

Secondly, the BudCups feature a unique Triple-Drainage system that optimizes for runoff flow, promoting the best drybacks, ensuring optimal root health and growth, and preventing root rot or other pathogenic diseases.

The best part? The BudCups’ Shock-Free Transplanting mechanism was designed not only to minimize transplant shock to the roots, but also to make it easy and clean to transplant. Just pop the bottom, and the entire root ball comes out, untouched.

Henrique Dias, the innovative founder of BudTrainer, states, “Our vision with BudCups™ goes beyond just creating a better gardening container. We’re introducing a sustainable practice in home gardening, merging the love we have for the plant with the care we have for the planet.”

About BudTrainer™
BudTrainer™ is an innovative designer of cannabis gardening products and a community leader in the cannabis space. Renowned for its high-quality, earth-conscious, and user-friendly products, BudTrainer empowers home growers to achieve superior results in their gardens.

To purchase your BudCups on Indiegogo, visit this LINK, and to check out BudTrainer, visit this LINK.

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11/14/2023

Announcement

oHHo, a leading provider of high-quality hemp products, is offering a Community Program designed to foster sustainable affiliate partnerships and promote its mission of providing premium CBD products. This initiative offers affiliates an opportunity to earn commissions while contributing to expanding the brand’s reach.

Key highlights of the oHHo Community Program include:

    Generous Commissions:
        Affiliates can earn a 25% commission on every sale generated through their unique affiliate link.
        An additional 10% commission is provided on purchases and sales made by those who join the community through affiliate referrals.
        Affiliates can also earn a 10% commission on wholesale accounts.
    Monthly Cash Bonus Opportunities
    Personal 25% discount on purchases
    Additional Perks:
        Affiliates have the opportunity to earn free products, exciting trips, oHHo merchandise, and more.
    Comprehensive Support:
        Dedicated support is readily available to provide affiliates with the resources and assistance they need to succeed.
    Marketing Materials:
        Affiliates gain access to a library of professionally designed social media assets and educational materials.
    Education Program

Joining the oHHo Affiliate Program is a simple process: affiliates can sign up as a Community Connector for $49 and immediately receive their unique URL. They will also gain access to the community platform, which offers a range of tools, resources, and a comprehensive educational program. For those looking to build a team and explore additional earning opportunities, signing up as a Community Builder for $79 is also an option. There are no recurring monthly fees or requirements for participation, making it accessible to all.

oHHo’s mission is centered on sharing exceptional products that positively impact lives. The company achieves this by crafting the cleanest, most sustainable, and high-potency CBD and hemp products available in the market. Every oHHo product is carefully formulated with minimal additional ingredients, ensuring each one delivers its unique benefits while complementing the power of cannabis extracts.

oHHo proudly collaborates with small farms, cultivating areas ranging from 1 to 40 acres, to harness the full spectrum of beneficial compounds found within natural cannabis plants. Rigorous third-party analysis of crude extracts and finished products is conducted to assess potency and purity. Each oHHo product comes with a QR code for transparency, linking customers to a detailed COA (certificate of analysis, a report prepared by the labs that test the product).

As part of its commitment to sustainability, oHHo utilizes sustainable, eco-friendly, and recyclable materials in its packaging. The brand actively seeks biodegradable and compostable alternatives to plastic wherever feasible. oHHo is also a cruelty-free brand, holding Leaping Bunny Certification, as well as a supporter of independent science journalism and medical research via Project CBD.

To explore oHHo’s full product line and learn more about the Community Program, please visit their website.

For inquiries about oHHo’s Community Program and further information about the brand, please contact:

Jill Kay, Email: jillkay.ohho@gmail.com, Instagram: @Jill.ohHo

About oHHo: oHHo is a trusted provider of premium CBD products that prioritize quality, sustainability, and effectiveness. With a mission to share life-enhancing products, oHHo prides itself on crafting clean and potent CBD solutions sourced from small farms. The brand places a strong emphasis on transparency, sustainability, and cruelty-free practices to create a positive impact on individuals and the planet.

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11/14/2023

Announcement

oHHo, a leading provider of high-quality hemp products, is offering a Community Program designed to foster sustainable affiliate partnerships and promote its mission of providing premium CBD products. This initiative offers affiliates an opportunity to earn commissions while contributing to expanding the brand’s reach.

Key highlights of the oHHo Community Program include:

    Generous Commissions:
        Affiliates can earn a 25% commission on every sale generated through their unique affiliate link.
        An additional 10% commission is provided on purchases and sales made by those who join the community through affiliate referrals.
        Affiliates can also earn a 10% commission on wholesale accounts.
    Monthly Cash Bonus Opportunities
    Personal 25% discount on purchases
    Additional Perks:
        Affiliates have the opportunity to earn free products, exciting trips, oHHo merchandise, and more.
    Comprehensive Support:
        Dedicated support is readily available to provide affiliates with the resources and assistance they need to succeed.
    Marketing Materials:
        Affiliates gain access to a library of professionally designed social media assets and educational materials.
    Education Program

Joining the oHHo Affiliate Program is a simple process: affiliates can sign up as a Community Connector for $49 and immediately receive their unique URL. They will also gain access to the community platform, which offers a range of tools, resources, and a comprehensive educational program. For those looking to build a team and explore additional earning opportunities, signing up as a Community Builder for $79 is also an option. There are no recurring monthly fees or requirements for participation, making it accessible to all.

oHHo’s mission is centered on sharing exceptional products that positively impact lives. The company achieves this by crafting the cleanest, most sustainable, and high-potency CBD and hemp products available in the market. Every oHHo product is carefully formulated with minimal additional ingredients, ensuring each one delivers its unique benefits while complementing the power of cannabis extracts.

oHHo proudly collaborates with small farms, cultivating areas ranging from 1 to 40 acres, to harness the full spectrum of beneficial compounds found within natural cannabis plants. Rigorous third-party analysis of crude extracts and finished products is conducted to assess potency and purity. Each oHHo product comes with a QR code for transparency, linking customers to a detailed COA (certificate of analysis, a report prepared by the labs that test the product).

As part of its commitment to sustainability, oHHo utilizes sustainable, eco-friendly, and recyclable materials in its packaging. The brand actively seeks biodegradable and compostable alternatives to plastic wherever feasible. oHHo is also a cruelty-free brand, holding Leaping Bunny Certification, as well as a supporter of independent science journalism and medical research via Project CBD.

To explore oHHo’s full product line and learn more about the Community Program, please visit their website.

For inquiries about oHHo’s Community Program and further information about the brand, please contact:

Jill Kay, Email: jillkay.ohho@gmail.com, Instagram: @Jill.ohHo

About oHHo: oHHo is a trusted provider of premium CBD products that prioritize quality, sustainability, and effectiveness. With a mission to share life-enhancing products, oHHo prides itself on crafting clean and potent CBD solutions sourced from small farms. The brand places a strong emphasis on transparency, sustainability, and cruelty-free practices to create a positive impact on individuals and the planet.

  ohho-feature.jpg (Size: 131.59 KB / Downloads: 0) ]]> https://www.cannabispressreleases.com/press-releases/showthread.php?tid=15 Mon, 15 Jan 2024 20:55:47 +0000 Cannabis Press Releases]]> https://www.cannabispressreleases.com/press-releases/showthread.php?tid=15 cbdMD Reduces Year over Year Net Loss from Operations by $55.8 Million
Company Launches HempMD Products and Nutraceutical Brand ATRx with a new Functional Mushroom Product to Expand Growth Opportunities and Markets

December 22, 2023 4:06 PM EST | Source: cbdMD
Charlotte, North Carolina--(Newsfile Corp. - December 22, 2023) - cbdMD, Inc. (NYSE American: YCBD) (NYSE American: YCBD-PA), one of the nation's leading and most highly trusted and recognized CBD companies, and operator of the leading CBD brands – its flagship brand cbdMD, its animal health brand Paw CBD, today announced our quarterly and full fiscal financial results for September 30, 2023.
For Fiscal 2023, we continued to make strong progress on our turnaround, incurring a loss from operations of $22.4 million. This included one-time intangible impairment charges of $13.2 million as required under GAAP due to the decrease of the trading price of our common stock during the quarter (which we believe was in part due to the market reaction to our failed shareholder proposal to convert our outstanding preferred stock and suspension of our monthly cash dividend payment on our preferred stock). Excluding one-time Intangible Impairment Charges, we continue to make significant year-over-year improvements to our operating loss. While our quarterly operating income over the past two years has varied as a result of goodwill and intangible impairment, we have continued to reduce non-GAAP Net Adjusted Operating losses.
"We made significant strides this year on our path to positive cash flow, especially during the second half of the year. We have exhibited operational excellence while we turned over our marketing department, re-platformed our e-commerce system and rationalized expenses across the board. We knew it was going to be a challenging year while we reset the business and are proud of the way our team executed on the challenge," says Ronan Kennedy, cbdMD's Interim CEO & CFO.
"Despite barriers at retail due to our category, we continued to invest in developing new strategic relationships for the cbdMD brand and are excited to announce that cbdMD launched into 160 Sprouts Markets stores across the nation this month. We remain focused on new revenues in early calendar 2024 and are cautiously optimistic about building inertia during 2024," continued Mr. Kennedy.
"While we continue to have a robust pipeline of new and improved CBD products, we have focused on launching 2 new brands, hempMD and ATRx, to provide expanded opportunities for growth despite the impediments to CBD channel growth caused by the current regulatory landscape. hempMD is a collection of curated hemp products primarily designed for sale on Amazon. The ATRx brand is designed to provide functional, non-cannabinoid health and wellness solutions to our customers, with an initial focus on the emerging functional mushroom market. We are excited to announce the launch of the Ultimate Mushroom Daily Gummy, our first ATRx product. The Ultimate Mushroom Daily Gummy's proprietary blend has ingredients which were carefully selected to enhance focus and memory, support gut health, reduce inflammation and boost immunity which pairs well with our core cbdMD products as part of an every-day routine. We are already in discussions about expanding the ATRx line in multiple brick and mortar retailers. Both of these new brands provide opportunities for us to expand beyond current distribution and marketing channels furthering, efforts to reach new customers.
2024 will be a pivotal year for the Company. Re-growing sales and addressing our equity capital structure remain our highest priorities. We believe work completed on the business and brands since June has improved the outlook for the Company, creating exciting new growth opportunities going into calendar 2024," concluded Mr. Kennedy.
Highlights for Fiscal 2023 and Notable Business Updates

• The Company launched into Sprouts Markets in December of 2023 and looks to further expand during 2024.
  

• The Company re-platformed to Shopify in June of 2023 and launched a site refresh in November 2023 as it works to employ the best-in-class customer experience and optimize its cost structure.
  

• The Company launched into Amazon UK early third fiscal quarter with 6 offerings and looks to further expand its Amazon UK offerings in 2024.
  

• The Company launched hempMD and ATRx brands, expanding our product channels into Amazon US and other more traditional consumer products channels that have historically precluded the sale of CBD products. The Company also intends to launch these new brands into the Amazon UK network in 2024.
  

• cbdMD continues to lead the way in commercializing NSF Certified for Sport® THC Free products, and during 2023 expanded its NSF Certified for Sport® offering to include the widest range of dose formats and the highest CBD strength NSF Certified for Sport®products on the market.
  

• cbdMD expanded its successful line of Delta-9 products by adding additional gummies.
  

• The Company received multiple awards - Paw CBD was recognized with "Dog Hip & Joint Product Of The Year" award from Pet Innovations, cbdMD Freeze roll-on has been named a bronze winner in two distinguished categories at the esteemed Best in Biz Awards. The company's CBD Freeze Roll-On was recognized in the Consumer Product of the Year category, and its popular CBD PM Softgel Capsules - NSF Certified for Sport® were honored in the Best New Product of the Year - Consumer category.
  

• cbdMD announced the publication of the Company's safety data in Regulatory Toxicology and Pharmacology, supporting a safe upper dose of its proprietary Broad Spectrum CBD blend at 1mg/lb of bodyweight daily.
  

The Company announced partnerships with Lucille Vega, M.D.
Financial Highlights from our Fiscal Year 2023:

• Net sales totaled $24.1 million in fiscal 2023 or a decrease of 31.7% compared to $35.4 million in fiscal 2021.
  

• Our gross profit for the year totaled 62% in fiscal 2023 compared to 63% in fiscal 2022.
  

• Our loss from operations was $22.4 million in fiscal 2023 as compared to a loss of $78.3 million in fiscal 2022. During 2023 we impaired approximately $13.2 million in intangibles as compared to $60.9 million of goodwill and intangibles in the prior year. Excluding this impairment our non-GAAP loss from operations improved by $8.0 million for fiscal 2023.
  

• Our non-GAAP adjusted loss from operations in fiscal 2023 was approximately $5.5 compared to our non-GAAP adjusted loss from operations in fiscal 2022 of approximately $13.1 million, despite the significant decrease in overall revenue.
  

• Net loss attributable to common shareholders for fiscal 2023 was approximately $26.9 million, or $13.30 per share, as compared to a net loss for fiscal 2022 of approximately $74.0 million, or $55.80 per share. The improvement in fiscal 2023 was principally attributable to the $47 million reduction in net loss.
  

• At September 30, 2023, we had working capital of approximately $3.4 million and cash on hand of approximately $1.8 million as compared to working capital of approximately $10.7 million and cash on hand of approximately $6.7 million at September 30, 2022.
  

• We reported direct to consumer (DTC) net sales of $19.4 million or 80.5% of total net sales in fiscal 2023, a decrease of $6.9 million, or 26.5% from fiscal 2021.
  

Pursuant to the disclosure requirements of the NYSE American Company Guide Section 610(b), cbdMD is reporting that its audited consolidated financial statements for the fiscal year ended September 30, 2023, included in its Annual Report on Form 10-K filed with the Securities and Exchange Commission on December 22, 2023, contains an audit opinion from its independent registered public accounting firm that includes an explanatory paragraph related to cbdMD's ability to continue as a going concern. This announcement does not represent any change or amendment to cbdMD's financial statements or to its Annual Report on Form 10-K for the fiscal year ended September 30, 2023.
We will host a conference call at 4:20 p.m., Eastern Time, on Friday, December 22, 2023, to discuss our September 30, 2023, fourth quarter and full fiscal year financial results and business progress.
CONFERENCE CALL DETAILS
Friday December 22, 2023, 4:20 p.m. Eastern Time
USA/Canada:
800-319-4610

 
International:
604-638-5340
Teleconference Replay dial in:
 
 
 
USA/Canada:
855-669-9658
 
 
International:
412-317-0088
 
 
Replay Passcode: 
0614
Webcast/Webcast Replay link- available through December 22, 2024: https://www.gowebcasting.com/13114
 
About cbdMD, Inc.
cbdMD, Inc. is one of the leading and most highly trusted and most recognized cannabidiol (CBD) brands with a comprehensive line of U.S. produced, THC-free1 CBD products, including NSF Certified for Sport® products, as well as our new Full Spectrum products. Our cbdMD brand currently includes high-grade, premium CBD products including CBD tinctures, CBD gummies, CBD topicals, CBD capsules, CBD bath bombs, CBD sleep aids and CBD drink mixes and an array of Farm Act compliant Delta 9 products. Our Paw CBD brand of pet products includes veterinarian-formulated products including tinctures, chews, topicals products in varying strengths, and our ATRx brand of natural functional mushroom support. To learn more about cbdMD and our comprehensive line of U.S. grown, THC-free1 CBD oil and Full Spectrum products as well as our other brands, please visit www.cbdmd.com, www.pawcbd.com, or ATRxlabs.com, follow cbdMD on Instagram and Facebook, or visit one of the thousands of retail outlets that carry cbdMD's products.
Forward-Looking Statements
This press release contains certain forward-looking statements that are based upon current expectations and involve certain risks and uncertainties within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking statements can be identified using words such as ''should,'' ''may,'' ''intends,'' ''anticipates,'' ''believes,'' ''estimates,'' ''projects,'' ''forecasts,'' ''expects,'' ''plans,'' and ''proposes.'' These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, and other factors, some of which are beyond our control and difficult to predict. You are urged to carefully review and consider any cautionary statements, including but not limited to expectations on our ability to continue as a going concern, increasing our revenues, cost reductions, potential need for additional working capital, future profitability, development and sales of new products, and other disclosures, including the statements made under the heading "Risk Factors" in cbdMD, Inc.'s Annual Report on Form 10-K for the fiscal year ended September 30, 2023 as filed with the Securities and Exchange Commission (the "SEC") on December 22, 2023 and our other filings with the SEC. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements, many of which are generally outside the control of cbdMD, Inc. and are difficult to predict. cbdMD, Inc. does not undertake any duty to update any forward-looking statements except as may be required by law. The information which appears on our websites and our social media platforms, including, but not limited to, Instagram and Facebook, is not part of this press release.
1 THC-free is defined as below the level of detection using validated scientific analytical methods.
Non-GAAP Financial Measures
This press release includes a financial measure that excludes the impact of certain items and therefore has not been calculated in accordance with U.S. generally accepted accounting principles ("GAAP"). cbdMD, Inc. has included adjusted loss from operations because management uses this measure to assess operating performance in order to highlight trends in our business that may not otherwise be apparent when relying on financial measures calculated in accordance with GAAP. The adjusted operating loss has not been prepared in accordance with GAAP. This non-GAAP financial measure should not be considered as an alternative to, or more meaningful than, net loss from operations as an indicator of our operating performance. Further, this non-GAAP financial measure, as presented by cbdMD, Inc., may not be comparable to similarly titled measures reported by other companies. cbdMD, Inc. has attached to this press release a reconciliation of this non-GAAP financial measure to its most directly comparable GAAP financial measure.

Contacts:
Investors:
cbdMD, Inc.
Ronan Kennedy
Chief Financial Officer
IR@cbdmd.com
(704) 445-3064
SOURCE: cbdMD
[url=https://www.newsfilecorp.com/company/8580/cbdMD][/url]]]> cbdMD Reduces Year over Year Net Loss from Operations by $55.8 Million
Company Launches HempMD Products and Nutraceutical Brand ATRx with a new Functional Mushroom Product to Expand Growth Opportunities and Markets

December 22, 2023 4:06 PM EST | Source: cbdMD
Charlotte, North Carolina--(Newsfile Corp. - December 22, 2023) - cbdMD, Inc. (NYSE American: YCBD) (NYSE American: YCBD-PA), one of the nation's leading and most highly trusted and recognized CBD companies, and operator of the leading CBD brands – its flagship brand cbdMD, its animal health brand Paw CBD, today announced our quarterly and full fiscal financial results for September 30, 2023.
For Fiscal 2023, we continued to make strong progress on our turnaround, incurring a loss from operations of $22.4 million. This included one-time intangible impairment charges of $13.2 million as required under GAAP due to the decrease of the trading price of our common stock during the quarter (which we believe was in part due to the market reaction to our failed shareholder proposal to convert our outstanding preferred stock and suspension of our monthly cash dividend payment on our preferred stock). Excluding one-time Intangible Impairment Charges, we continue to make significant year-over-year improvements to our operating loss. While our quarterly operating income over the past two years has varied as a result of goodwill and intangible impairment, we have continued to reduce non-GAAP Net Adjusted Operating losses.
"We made significant strides this year on our path to positive cash flow, especially during the second half of the year. We have exhibited operational excellence while we turned over our marketing department, re-platformed our e-commerce system and rationalized expenses across the board. We knew it was going to be a challenging year while we reset the business and are proud of the way our team executed on the challenge," says Ronan Kennedy, cbdMD's Interim CEO & CFO.
"Despite barriers at retail due to our category, we continued to invest in developing new strategic relationships for the cbdMD brand and are excited to announce that cbdMD launched into 160 Sprouts Markets stores across the nation this month. We remain focused on new revenues in early calendar 2024 and are cautiously optimistic about building inertia during 2024," continued Mr. Kennedy.
"While we continue to have a robust pipeline of new and improved CBD products, we have focused on launching 2 new brands, hempMD and ATRx, to provide expanded opportunities for growth despite the impediments to CBD channel growth caused by the current regulatory landscape. hempMD is a collection of curated hemp products primarily designed for sale on Amazon. The ATRx brand is designed to provide functional, non-cannabinoid health and wellness solutions to our customers, with an initial focus on the emerging functional mushroom market. We are excited to announce the launch of the Ultimate Mushroom Daily Gummy, our first ATRx product. The Ultimate Mushroom Daily Gummy's proprietary blend has ingredients which were carefully selected to enhance focus and memory, support gut health, reduce inflammation and boost immunity which pairs well with our core cbdMD products as part of an every-day routine. We are already in discussions about expanding the ATRx line in multiple brick and mortar retailers. Both of these new brands provide opportunities for us to expand beyond current distribution and marketing channels furthering, efforts to reach new customers.
2024 will be a pivotal year for the Company. Re-growing sales and addressing our equity capital structure remain our highest priorities. We believe work completed on the business and brands since June has improved the outlook for the Company, creating exciting new growth opportunities going into calendar 2024," concluded Mr. Kennedy.
Highlights for Fiscal 2023 and Notable Business Updates

• The Company launched into Sprouts Markets in December of 2023 and looks to further expand during 2024.
  

• The Company re-platformed to Shopify in June of 2023 and launched a site refresh in November 2023 as it works to employ the best-in-class customer experience and optimize its cost structure.
  

• The Company launched into Amazon UK early third fiscal quarter with 6 offerings and looks to further expand its Amazon UK offerings in 2024.
  

• The Company launched hempMD and ATRx brands, expanding our product channels into Amazon US and other more traditional consumer products channels that have historically precluded the sale of CBD products. The Company also intends to launch these new brands into the Amazon UK network in 2024.
  

• cbdMD continues to lead the way in commercializing NSF Certified for Sport® THC Free products, and during 2023 expanded its NSF Certified for Sport® offering to include the widest range of dose formats and the highest CBD strength NSF Certified for Sport®products on the market.
  

• cbdMD expanded its successful line of Delta-9 products by adding additional gummies.
  

• The Company received multiple awards - Paw CBD was recognized with "Dog Hip & Joint Product Of The Year" award from Pet Innovations, cbdMD Freeze roll-on has been named a bronze winner in two distinguished categories at the esteemed Best in Biz Awards. The company's CBD Freeze Roll-On was recognized in the Consumer Product of the Year category, and its popular CBD PM Softgel Capsules - NSF Certified for Sport® were honored in the Best New Product of the Year - Consumer category.
  

• cbdMD announced the publication of the Company's safety data in Regulatory Toxicology and Pharmacology, supporting a safe upper dose of its proprietary Broad Spectrum CBD blend at 1mg/lb of bodyweight daily.
  

The Company announced partnerships with Lucille Vega, M.D.
Financial Highlights from our Fiscal Year 2023:

• Net sales totaled $24.1 million in fiscal 2023 or a decrease of 31.7% compared to $35.4 million in fiscal 2021.
  

• Our gross profit for the year totaled 62% in fiscal 2023 compared to 63% in fiscal 2022.
  

• Our loss from operations was $22.4 million in fiscal 2023 as compared to a loss of $78.3 million in fiscal 2022. During 2023 we impaired approximately $13.2 million in intangibles as compared to $60.9 million of goodwill and intangibles in the prior year. Excluding this impairment our non-GAAP loss from operations improved by $8.0 million for fiscal 2023.
  

• Our non-GAAP adjusted loss from operations in fiscal 2023 was approximately $5.5 compared to our non-GAAP adjusted loss from operations in fiscal 2022 of approximately $13.1 million, despite the significant decrease in overall revenue.
  

• Net loss attributable to common shareholders for fiscal 2023 was approximately $26.9 million, or $13.30 per share, as compared to a net loss for fiscal 2022 of approximately $74.0 million, or $55.80 per share. The improvement in fiscal 2023 was principally attributable to the $47 million reduction in net loss.
  

• At September 30, 2023, we had working capital of approximately $3.4 million and cash on hand of approximately $1.8 million as compared to working capital of approximately $10.7 million and cash on hand of approximately $6.7 million at September 30, 2022.
  

• We reported direct to consumer (DTC) net sales of $19.4 million or 80.5% of total net sales in fiscal 2023, a decrease of $6.9 million, or 26.5% from fiscal 2021.
  

Pursuant to the disclosure requirements of the NYSE American Company Guide Section 610(b), cbdMD is reporting that its audited consolidated financial statements for the fiscal year ended September 30, 2023, included in its Annual Report on Form 10-K filed with the Securities and Exchange Commission on December 22, 2023, contains an audit opinion from its independent registered public accounting firm that includes an explanatory paragraph related to cbdMD's ability to continue as a going concern. This announcement does not represent any change or amendment to cbdMD's financial statements or to its Annual Report on Form 10-K for the fiscal year ended September 30, 2023.
We will host a conference call at 4:20 p.m., Eastern Time, on Friday, December 22, 2023, to discuss our September 30, 2023, fourth quarter and full fiscal year financial results and business progress.
CONFERENCE CALL DETAILS
Friday December 22, 2023, 4:20 p.m. Eastern Time
USA/Canada:
800-319-4610

 
International:
604-638-5340
Teleconference Replay dial in:
 
 
 
USA/Canada:
855-669-9658
 
 
International:
412-317-0088
 
 
Replay Passcode: 
0614
Webcast/Webcast Replay link- available through December 22, 2024: https://www.gowebcasting.com/13114
 
About cbdMD, Inc.
cbdMD, Inc. is one of the leading and most highly trusted and most recognized cannabidiol (CBD) brands with a comprehensive line of U.S. produced, THC-free1 CBD products, including NSF Certified for Sport® products, as well as our new Full Spectrum products. Our cbdMD brand currently includes high-grade, premium CBD products including CBD tinctures, CBD gummies, CBD topicals, CBD capsules, CBD bath bombs, CBD sleep aids and CBD drink mixes and an array of Farm Act compliant Delta 9 products. Our Paw CBD brand of pet products includes veterinarian-formulated products including tinctures, chews, topicals products in varying strengths, and our ATRx brand of natural functional mushroom support. To learn more about cbdMD and our comprehensive line of U.S. grown, THC-free1 CBD oil and Full Spectrum products as well as our other brands, please visit www.cbdmd.com, www.pawcbd.com, or ATRxlabs.com, follow cbdMD on Instagram and Facebook, or visit one of the thousands of retail outlets that carry cbdMD's products.
Forward-Looking Statements
This press release contains certain forward-looking statements that are based upon current expectations and involve certain risks and uncertainties within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking statements can be identified using words such as ''should,'' ''may,'' ''intends,'' ''anticipates,'' ''believes,'' ''estimates,'' ''projects,'' ''forecasts,'' ''expects,'' ''plans,'' and ''proposes.'' These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, and other factors, some of which are beyond our control and difficult to predict. You are urged to carefully review and consider any cautionary statements, including but not limited to expectations on our ability to continue as a going concern, increasing our revenues, cost reductions, potential need for additional working capital, future profitability, development and sales of new products, and other disclosures, including the statements made under the heading "Risk Factors" in cbdMD, Inc.'s Annual Report on Form 10-K for the fiscal year ended September 30, 2023 as filed with the Securities and Exchange Commission (the "SEC") on December 22, 2023 and our other filings with the SEC. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements, many of which are generally outside the control of cbdMD, Inc. and are difficult to predict. cbdMD, Inc. does not undertake any duty to update any forward-looking statements except as may be required by law. The information which appears on our websites and our social media platforms, including, but not limited to, Instagram and Facebook, is not part of this press release.
1 THC-free is defined as below the level of detection using validated scientific analytical methods.
Non-GAAP Financial Measures
This press release includes a financial measure that excludes the impact of certain items and therefore has not been calculated in accordance with U.S. generally accepted accounting principles ("GAAP"). cbdMD, Inc. has included adjusted loss from operations because management uses this measure to assess operating performance in order to highlight trends in our business that may not otherwise be apparent when relying on financial measures calculated in accordance with GAAP. The adjusted operating loss has not been prepared in accordance with GAAP. This non-GAAP financial measure should not be considered as an alternative to, or more meaningful than, net loss from operations as an indicator of our operating performance. Further, this non-GAAP financial measure, as presented by cbdMD, Inc., may not be comparable to similarly titled measures reported by other companies. cbdMD, Inc. has attached to this press release a reconciliation of this non-GAAP financial measure to its most directly comparable GAAP financial measure.

Contacts:
Investors:
cbdMD, Inc.
Ronan Kennedy
Chief Financial Officer
IR@cbdmd.com
(704) 445-3064
SOURCE: cbdMD
[url=https://www.newsfilecorp.com/company/8580/cbdMD][/url]]]> https://www.cannabispressreleases.com/press-releases/showthread.php?tid=14 Mon, 15 Jan 2024 20:54:53 +0000 Cannabis Press Releases]]> https://www.cannabispressreleases.com/press-releases/showthread.php?tid=14 CBD of Denver Inc. Announces Continued Growth for Q4, Reflecting on Building a Successful Year
December 28, 2023 7:26 AM EST | Source: CBD of Denver Inc.
Denver, Colorado--(Newsfile Corp. - December 28, 2023) - CBD of Denver, Inc. (OTC Pink: CBDD), reports a strong fourth quarter, with revenues reaching approximately $1,310,000 with a split of approximately $1,134,000 for Luxora and approximately $176,000 for Libra 9.
"Despite a challenging economic environment, the increase in revenue confirms that our strategies are driving growth across both verticals. With a current order backlog of approximately $150,000 for the Anti-Slip product line, we are confidently entering the new year," says Axel Reinke, CEO of CBD of Denver. In early January 2024, CBDD's management team will meet in Berlin to initiate the expansion of the Anti-Slip division. This will involve onboarding new installation and sales teams and beginning the rollout of Anti-Slip solutions in additional German metropolitan areas.
The company attributes its growth to several factors.
"The partnership between EDEKA and the Magic Lappen product is driving sales across various regions in Germany. Additionally, the Libra 9 team's consistent presence at numerous trade shows is enhancing brand recognition and fostering new partnerships. These partnerships range from wine dealers to specialized car cleaning and detailing companies, and include a teleshopping partnership," states Mr. Reinke.
The Anti-Slip division is seeing increased demand due to a novel door cut-out method that converts existing bathtubs into barrier-free walk-in showers. "With the introduction of this new installation method and favorable regulatory changes, we can expand the Anti-Slip product line to a broader customer base. Beginning in January, we will launch new initiatives to fully capitalize on the significant potential we see in this vertical," Mr. Reinke emphasizes.
Luxora's ongoing efforts in the European CBD wholesale market are significantly contributing to growth. "Despite continued market challenges and consolidation in the CBD industry, there is a strong interest in our products. Our partnerships in North and South America are crucial in maintaining our competitive edge and expanding our client network as we explore new markets," remarks Jan Schwager, CEO of Luxora.
HolistiCH GmbH, known for its exclusive THC and CBD dominant strains, is expanding its footprint. The company has formed new partnerships in Austria, strengthening its position as a leading provider of cannabis clones in Europe.
Luxora Solutions is poised to enter the German market, pending the final approval of relevant legislation by the German government. "Several members of the Social Democratic Party have publicly announced that the budget crisis within the German government has postponed the second and third readings of the new Cannabis law until next year. Despite this, we remain optimistic about adhering to our timeline and launching Luxora Solutions in Germany as scheduled," explains Philipp Ferrer, Chief Compliance Officer at Luxora.
The company has hired a new accounting specialist, proficient in both US and European accounting and reporting principles, who has already started preparing the next filings to avoid previous delays. Our goal moving forward is to close each month's accounts by the 10th of the following month and to implement a group-wide reporting system, enabling management to adopt a more data-driven review process that will improve the planning process which will ultimately drive the execution of the developed plan.
About CBD of Denver, Inc. (BERLINER INNOVATION)
CBD of Denver, Inc. is focused on acquiring profitable assets at attractive valuations to create value for shareholders. The company's team is dedicated to sourcing high-margin, innovative products that align with its values. The Company is offering a number of innovative consumer products through Libra 9 GmbH, such as the Magic Lappen and the BerlinR13 Anti-Slip solution.
Follow Magic Lappen on Twitter, Instagram, Facebook and TikTok for more information and updates.
Follow The Magic Lappen on Instagram: @themagiclappen
Shop on our website: https://www.the-magic-lappen.com/
Visit the CBDD/ Berliner Innovation: www.berlinerinnovation.de
For questions, please contact us at: investors@libra9.de
About LUXORA LLC
LUXORA LLC is a trailblazing entity in the European cannabis industry, with offices spanning the USA and Europe. Our core expertise revolves around unlocking the potential of the legalized cannabis market, offering infrastructure solutions and consulting tailored to the dynamic needs of this rapidly expanding sector. With a profound understanding of the opportunities and challenges brought forth by legalization, our experienced team is dedicated to pioneering the future of the legal cannabis market in Europe. Our offerings range from consulting and market research to product development and distribution solutions, aimed at simplifying the path to legalization for our esteemed clients.
For inquiries, please contact Investor Relations: investors@luxora-holding.com
For more information, please visit: www.luxora-holding.com
Follow Us: Twitter | Instagram.
SOURCE: CBD of Denver Inc.]]> CBD of Denver Inc. Announces Continued Growth for Q4, Reflecting on Building a Successful Year
December 28, 2023 7:26 AM EST | Source: CBD of Denver Inc.
Denver, Colorado--(Newsfile Corp. - December 28, 2023) - CBD of Denver, Inc. (OTC Pink: CBDD), reports a strong fourth quarter, with revenues reaching approximately $1,310,000 with a split of approximately $1,134,000 for Luxora and approximately $176,000 for Libra 9.
"Despite a challenging economic environment, the increase in revenue confirms that our strategies are driving growth across both verticals. With a current order backlog of approximately $150,000 for the Anti-Slip product line, we are confidently entering the new year," says Axel Reinke, CEO of CBD of Denver. In early January 2024, CBDD's management team will meet in Berlin to initiate the expansion of the Anti-Slip division. This will involve onboarding new installation and sales teams and beginning the rollout of Anti-Slip solutions in additional German metropolitan areas.
The company attributes its growth to several factors.
"The partnership between EDEKA and the Magic Lappen product is driving sales across various regions in Germany. Additionally, the Libra 9 team's consistent presence at numerous trade shows is enhancing brand recognition and fostering new partnerships. These partnerships range from wine dealers to specialized car cleaning and detailing companies, and include a teleshopping partnership," states Mr. Reinke.
The Anti-Slip division is seeing increased demand due to a novel door cut-out method that converts existing bathtubs into barrier-free walk-in showers. "With the introduction of this new installation method and favorable regulatory changes, we can expand the Anti-Slip product line to a broader customer base. Beginning in January, we will launch new initiatives to fully capitalize on the significant potential we see in this vertical," Mr. Reinke emphasizes.
Luxora's ongoing efforts in the European CBD wholesale market are significantly contributing to growth. "Despite continued market challenges and consolidation in the CBD industry, there is a strong interest in our products. Our partnerships in North and South America are crucial in maintaining our competitive edge and expanding our client network as we explore new markets," remarks Jan Schwager, CEO of Luxora.
HolistiCH GmbH, known for its exclusive THC and CBD dominant strains, is expanding its footprint. The company has formed new partnerships in Austria, strengthening its position as a leading provider of cannabis clones in Europe.
Luxora Solutions is poised to enter the German market, pending the final approval of relevant legislation by the German government. "Several members of the Social Democratic Party have publicly announced that the budget crisis within the German government has postponed the second and third readings of the new Cannabis law until next year. Despite this, we remain optimistic about adhering to our timeline and launching Luxora Solutions in Germany as scheduled," explains Philipp Ferrer, Chief Compliance Officer at Luxora.
The company has hired a new accounting specialist, proficient in both US and European accounting and reporting principles, who has already started preparing the next filings to avoid previous delays. Our goal moving forward is to close each month's accounts by the 10th of the following month and to implement a group-wide reporting system, enabling management to adopt a more data-driven review process that will improve the planning process which will ultimately drive the execution of the developed plan.
About CBD of Denver, Inc. (BERLINER INNOVATION)
CBD of Denver, Inc. is focused on acquiring profitable assets at attractive valuations to create value for shareholders. The company's team is dedicated to sourcing high-margin, innovative products that align with its values. The Company is offering a number of innovative consumer products through Libra 9 GmbH, such as the Magic Lappen and the BerlinR13 Anti-Slip solution.
Follow Magic Lappen on Twitter, Instagram, Facebook and TikTok for more information and updates.
Follow The Magic Lappen on Instagram: @themagiclappen
Shop on our website: https://www.the-magic-lappen.com/
Visit the CBDD/ Berliner Innovation: www.berlinerinnovation.de
For questions, please contact us at: investors@libra9.de
About LUXORA LLC
LUXORA LLC is a trailblazing entity in the European cannabis industry, with offices spanning the USA and Europe. Our core expertise revolves around unlocking the potential of the legalized cannabis market, offering infrastructure solutions and consulting tailored to the dynamic needs of this rapidly expanding sector. With a profound understanding of the opportunities and challenges brought forth by legalization, our experienced team is dedicated to pioneering the future of the legal cannabis market in Europe. Our offerings range from consulting and market research to product development and distribution solutions, aimed at simplifying the path to legalization for our esteemed clients.
For inquiries, please contact Investor Relations: investors@luxora-holding.com
For more information, please visit: www.luxora-holding.com
Follow Us: Twitter | Instagram.
SOURCE: CBD of Denver Inc.]]> https://www.cannabispressreleases.com/press-releases/showthread.php?tid=10 Sat, 23 Dec 2023 03:46:52 +0000 Jayman]]> https://www.cannabispressreleases.com/press-releases/showthread.php?tid=10 Biden issues pardons for certain marijuana offenses
Dec. 22, 2023, 5:00 AM PST / Updated Dec. 22, 2023, 8:45 AM PST
By Elyse Perlmutter-Gumbiner and Megan Lebowitz
 
WASHINGTON — President Joe Biden issued a proclamation to pardon certain marijuana offenses Friday, building on broader action he took last year for thousands of people convicted of possession under federal law.
The new pardons target "additional offenses of simple possession and use of marijuana under federal and D.C. law," Biden said in a statement. The proclamation includes offenses related to "use and possession on certain Federal lands," provisions that weren't covered by the 2022 proclamation.
"Criminal records for marijuana use and possession have imposed needless barriers to employment, housing, and educational opportunities," Biden said in the statement. "Too many lives have been upended because of our failed approach to marijuana. It’s time that we right these wrongs."
 
He also called on governors to take similar actions with state marijuana-related offenses, arguing that no one should be in jail or prison "solely due to the use or possession of marijuana."
It was not immediately clear how many people would be affected by the new pardons.
The Department of Health and Human Services recommended in August that the Drug Enforcement Administration ease marijuana restrictions by moving it to a Schedule III drug, which would be a significant change to federal drug policy. The DEA still classifies marijuana as a Schedule 1 drug, alongside drugs such as heroin and LSD. Most states allow marijuana use in some form, such as recreationally or for medical purposes.
 
 
Biden on Friday is also commuting the prison sentences of 11 people convicted of nonviolent drug offenses, including some who have received mandatory life sentences.
"Due to reforms, each of these clemency recipients would have been eligible for reduced sentences, had they been sentenced today," a White House official said in an email. "This clemency grant represents the President’s commitment to addressing unjustified disparities in sentencing."
Biden has granted clemency several times since he took office, most recently in April to 31 people convicted of drug-related offenses.
During his 2020 campaign, Biden called for the automatic expungement of cannabis use convictions]]> Biden issues pardons for certain marijuana offenses
Dec. 22, 2023, 5:00 AM PST / Updated Dec. 22, 2023, 8:45 AM PST
By Elyse Perlmutter-Gumbiner and Megan Lebowitz
 
WASHINGTON — President Joe Biden issued a proclamation to pardon certain marijuana offenses Friday, building on broader action he took last year for thousands of people convicted of possession under federal law.
The new pardons target "additional offenses of simple possession and use of marijuana under federal and D.C. law," Biden said in a statement. The proclamation includes offenses related to "use and possession on certain Federal lands," provisions that weren't covered by the 2022 proclamation.
"Criminal records for marijuana use and possession have imposed needless barriers to employment, housing, and educational opportunities," Biden said in the statement. "Too many lives have been upended because of our failed approach to marijuana. It’s time that we right these wrongs."
 
He also called on governors to take similar actions with state marijuana-related offenses, arguing that no one should be in jail or prison "solely due to the use or possession of marijuana."
It was not immediately clear how many people would be affected by the new pardons.
The Department of Health and Human Services recommended in August that the Drug Enforcement Administration ease marijuana restrictions by moving it to a Schedule III drug, which would be a significant change to federal drug policy. The DEA still classifies marijuana as a Schedule 1 drug, alongside drugs such as heroin and LSD. Most states allow marijuana use in some form, such as recreationally or for medical purposes.
 
 
Biden on Friday is also commuting the prison sentences of 11 people convicted of nonviolent drug offenses, including some who have received mandatory life sentences.
"Due to reforms, each of these clemency recipients would have been eligible for reduced sentences, had they been sentenced today," a White House official said in an email. "This clemency grant represents the President’s commitment to addressing unjustified disparities in sentencing."
Biden has granted clemency several times since he took office, most recently in April to 31 people convicted of drug-related offenses.
During his 2020 campaign, Biden called for the automatic expungement of cannabis use convictions]]> https://www.cannabispressreleases.com/press-releases/showthread.php?tid=9 Wed, 29 Nov 2023 22:15:07 +0000 Jayman]]> https://www.cannabispressreleases.com/press-releases/showthread.php?tid=9 Weedmaps Data Finds ‘Green Wednesday’ Cannabis Sales Outpace Black Friday Sales

Wed / Nov 29th  by TG Branfalt

Data from the cannabis tech company Weedmaps found that retail cannabis sales on the day before Thanksgiving — dubbed “Green Wednesday” by the industry — surpassed average cannabis sales on Black Friday.

Cannabis sales on the day before Thanksgiving surpassed sales on Black Friday, accounting for 21% of the weekly gross market value over the holiday week, according to order data from Weedmaps. The day before Thanksgiving has been dubbed “Green Wednesday” due to historically strong cannabis sales.

Weedmaps saw 42% growth in total order volume on Green Wednesday and the average basket value that day was 103% higher than the average Wednesday during the month of November; however, the day’s gross market value was down 4% compared to Green Wednesday 2022. 

Orders for edibles increased most significantly on Green Wednesday, according to Weedmaps data, up 81%. Edibles also held six of the top 10 products sold on Green Wednesday – last year the category held five of the top 10. Vape pen orders also increased by 52% and flower increased by 48% over the average Wednesday in November, according to Weedmaps data. 

So far this year, edible products hold seven of the top 10 selling products, while vape and flower products each hold two spots, according to Weedmaps data, which notes that while flower is still the most purchased product category overall, the firm reports an 18.5% year-over-year increase for edible products compared to a 9.37% increase in flower.

Press release originally published on Ganjapreneur]]> Weedmaps Data Finds ‘Green Wednesday’ Cannabis Sales Outpace Black Friday Sales

Wed / Nov 29th  by TG Branfalt

Data from the cannabis tech company Weedmaps found that retail cannabis sales on the day before Thanksgiving — dubbed “Green Wednesday” by the industry — surpassed average cannabis sales on Black Friday.

Cannabis sales on the day before Thanksgiving surpassed sales on Black Friday, accounting for 21% of the weekly gross market value over the holiday week, according to order data from Weedmaps. The day before Thanksgiving has been dubbed “Green Wednesday” due to historically strong cannabis sales.

Weedmaps saw 42% growth in total order volume on Green Wednesday and the average basket value that day was 103% higher than the average Wednesday during the month of November; however, the day’s gross market value was down 4% compared to Green Wednesday 2022. 

Orders for edibles increased most significantly on Green Wednesday, according to Weedmaps data, up 81%. Edibles also held six of the top 10 products sold on Green Wednesday – last year the category held five of the top 10. Vape pen orders also increased by 52% and flower increased by 48% over the average Wednesday in November, according to Weedmaps data. 

So far this year, edible products hold seven of the top 10 selling products, while vape and flower products each hold two spots, according to Weedmaps data, which notes that while flower is still the most purchased product category overall, the firm reports an 18.5% year-over-year increase for edible products compared to a 9.37% increase in flower.

Press release originally published on Ganjapreneur]]> https://www.cannabispressreleases.com/press-releases/showthread.php?tid=6 Wed, 29 Nov 2023 21:44:36 +0000 Jayman]]> https://www.cannabispressreleases.com/press-releases/showthread.php?tid=6 Author Al Byrne’s New Book, "For Country and Cannabis," is a One-of-a-Kind Memoir That Shares the Author’s Experiences as an Advocate for Therapeutic Cannabis

Carrabelle, FL, September 22, 2023 --(PR.com)-- Al Byrne, a graduate of the University of Notre Dame, has completed his new book, “For Country and Cannabis”: a five-decade-long history that teaches readers about government lies, malfeasance, and injustice to groups of U.S. citizens and individuals who wanted the option of using therapeutic cannabis as part of their treatment protocols.

Author Al Byrne earned a BA in economics from the University of Notre Dame and was the starting wing on the ND Rugby team for three years. Completing the four-year Navy ROTC program, he was commissioned and served on a destroyer, USS “Gyatt, DD-712”; as a navy adviser in Vietnam; at various U.S. naval installations; and as a navy Seabee before retiring with twenty-four years of service.

A lifelong cannabis advocate, he was the co-director of the National Organization for the Reform of Marijuana Laws for several years and the national secretary from 1989 to 1992. Al co-founded Patients Out of Time Inc., a 501©(3) educational charity, in 1995 to teach the US medical and nursing community about the therapeutic uses of cannabis—in accredited settings. He co-produced the award-winning video documentary “Marijuana as Medicine” in 1997. Al was instrumental in the founding of “The Medical Cannabis Institute,” an online accredited cannabis education syllabus designed for registered nurses and medical doctors. Al is a US representative for patient advocacy for the Europe-based International Academy of Cannabis Medicine.

In 2007, Al cofounded Veterans for Medical Cannabis Access, a national all-volunteer Veteran service organization responsible for negotiating the first positive Veterans Health Administration medical cannabis policy in 2010. VMCA has since won legal status for cannabis treatment for PTS(d) in numerous US states and territories.

Al has co-hosted VMCA’s “Veterans’ Voices” for over seven years, now as a podcast on YouTube and Facebook. He lives in northwest Florida with golden retrievers and is a member of the American Legion, the Veterans of Foreign Wars, and Disabled American Veterans.

Al writes, “Cancer kills by causing so much pain, weakness, and physiological disorder to the affected system that the very act of eating can become revolting to impossible. If you add to this nightmare the deliberate poisoning of the cancer patient, a procedure called chemotherapy, the resulting reaction of the human body can, and often is, total incapacitation. All of us have had some experience with vomiting. Think of the worst nausea you have ever experienced, a seasickness so debilitating you swear you would rather be dead, dry heaves on and on like with the alcohol poisoning the morning after a drunk night. For my dad, a cancer patient, the waves of dizziness and pain burned his guts not just for an hour or a day but many days or a week straight.”

Published by Page Publishing, Al Byrne’s intriguing tale is a love story that offers a glimpse into the rigors of a navy career and a look at a legal, social, and financial war waged over an herb.

Readers who wish to experience this remarkable work can purchase “For Country and Cannabis” at bookstores everywhere, or online at the Apple iTunes Store, Amazon, Google Play, or Barnes and Noble.

For additional information or media inquiries, contact Page Publishing at 866-315-2708.

About Page Publishing:

Page Publishing is a traditional, full-service publishing house that handles all the intricacies involved in publishing its authors’ books, including distribution in the world’s largest retail outlets and royalty generation. Page Publishing knows that authors need to be free to create, not mired in logistics like eBook conversion, establishing wholesale accounts, insurance, shipping, taxes, and so on. Page’s accomplished writers and publishing professionals allow authors to leave behind these complex and time-consuming issues and focus on their passion: writing and creating. Learn more at www.pagepublishing.com.
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Read Original Press Release here: Original Press Release on PR]]> Author Al Byrne’s New Book, "For Country and Cannabis," is a One-of-a-Kind Memoir That Shares the Author’s Experiences as an Advocate for Therapeutic Cannabis

Carrabelle, FL, September 22, 2023 --(PR.com)-- Al Byrne, a graduate of the University of Notre Dame, has completed his new book, “For Country and Cannabis”: a five-decade-long history that teaches readers about government lies, malfeasance, and injustice to groups of U.S. citizens and individuals who wanted the option of using therapeutic cannabis as part of their treatment protocols.

Author Al Byrne earned a BA in economics from the University of Notre Dame and was the starting wing on the ND Rugby team for three years. Completing the four-year Navy ROTC program, he was commissioned and served on a destroyer, USS “Gyatt, DD-712”; as a navy adviser in Vietnam; at various U.S. naval installations; and as a navy Seabee before retiring with twenty-four years of service.

A lifelong cannabis advocate, he was the co-director of the National Organization for the Reform of Marijuana Laws for several years and the national secretary from 1989 to 1992. Al co-founded Patients Out of Time Inc., a 501©(3) educational charity, in 1995 to teach the US medical and nursing community about the therapeutic uses of cannabis—in accredited settings. He co-produced the award-winning video documentary “Marijuana as Medicine” in 1997. Al was instrumental in the founding of “The Medical Cannabis Institute,” an online accredited cannabis education syllabus designed for registered nurses and medical doctors. Al is a US representative for patient advocacy for the Europe-based International Academy of Cannabis Medicine.

In 2007, Al cofounded Veterans for Medical Cannabis Access, a national all-volunteer Veteran service organization responsible for negotiating the first positive Veterans Health Administration medical cannabis policy in 2010. VMCA has since won legal status for cannabis treatment for PTS(d) in numerous US states and territories.

Al has co-hosted VMCA’s “Veterans’ Voices” for over seven years, now as a podcast on YouTube and Facebook. He lives in northwest Florida with golden retrievers and is a member of the American Legion, the Veterans of Foreign Wars, and Disabled American Veterans.

Al writes, “Cancer kills by causing so much pain, weakness, and physiological disorder to the affected system that the very act of eating can become revolting to impossible. If you add to this nightmare the deliberate poisoning of the cancer patient, a procedure called chemotherapy, the resulting reaction of the human body can, and often is, total incapacitation. All of us have had some experience with vomiting. Think of the worst nausea you have ever experienced, a seasickness so debilitating you swear you would rather be dead, dry heaves on and on like with the alcohol poisoning the morning after a drunk night. For my dad, a cancer patient, the waves of dizziness and pain burned his guts not just for an hour or a day but many days or a week straight.”

Published by Page Publishing, Al Byrne’s intriguing tale is a love story that offers a glimpse into the rigors of a navy career and a look at a legal, social, and financial war waged over an herb.

Readers who wish to experience this remarkable work can purchase “For Country and Cannabis” at bookstores everywhere, or online at the Apple iTunes Store, Amazon, Google Play, or Barnes and Noble.

For additional information or media inquiries, contact Page Publishing at 866-315-2708.

About Page Publishing:

Page Publishing is a traditional, full-service publishing house that handles all the intricacies involved in publishing its authors’ books, including distribution in the world’s largest retail outlets and royalty generation. Page Publishing knows that authors need to be free to create, not mired in logistics like eBook conversion, establishing wholesale accounts, insurance, shipping, taxes, and so on. Page’s accomplished writers and publishing professionals allow authors to leave behind these complex and time-consuming issues and focus on their passion: writing and creating. Learn more at www.pagepublishing.com.
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