SMITHS FALLS, Ont. — Canopy Growth Corp. says the aggregate gross proceeds from selling off its sports drink business total $30.4 million.
The Smiths Falls, Ont., cannabis company says the proceeds come from two agreements linked to BioSteel Sports Nutrition Inc. that have closed.
The first deal involved the sale of BioSteel Canada to DC Holdings Ltd., which does business as Coachwood Group of Companies and also owns sports nutrition brand Canadian Protein.
The second transaction saw BioSteel sell its manufacturing business to New Jersey-based Gregory Packaging Inc., which is behind SunCup juice cartons.
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Canopy says a portion of the proceeds will be used to repay debt.
The cannabis company put BioSteel up for sale when the sports drink business was placed under court protection from creditors under the Companies’ Creditors Arrangement Act in September.
Earlier this month, the governor of Massachusetts filed a measure that would modernize services, increase benefits and promote inclusivity for veterans in the state. Governor Maura Healey filed the resolution, christened the Hero Act, on Veterans Day.
The measure would establish a private-public working group to conduct research on the health benefits of psychedelic substances as treatments for veterans suffering from mental health or physical disorders related to their service. It would also expand behavioral-health treatment and provide IVF reimbursement for service members in the LGBTQ community.
This isn’t the first psychedelic-focused measure to be introduced in the state, which has emerged as a leader in psychedelic reform. Earlier this year, a ballot measure that would legalize psilocybin was introduced. Despite almost qualifying for the ballot, the measure is being opposed by a coalition made up of groups such as New England Veterans for Plant Medicine and Bay Staters for Natural Medicine.
The primary reason for opposition is because the measure, which is being championed by New Approach PAC, would legalize psychedelic therapy in a way that was unaffordable and restrictive. Bay Staters for Natural Medicine cofounder, James Davis, stated that the proposed ballot measure would need to be substituted for a separate measure, so veterans weren’t charged $4,000 or more to access psychedelic therapy, as has been seen in the state of Oregon.
He also thanked Healey for recognizing psilocybin’s importance.
U.S. Marine veteran Michael Botelho echoed Davis’ sentiments, noting that the ballot measure would create a system that made it impossible for ordinary veterans to afford plant medicine therapies. Botelho is the cofounder of New England Veterans for Plant Medicine.
Air Force vet Ellen Brown also thanked the governor and requested that action be taken against the proposed ballot measure. In her explanation, Brown noted that the measure’s framework would establish barriers similar to the ones that have prevented veterans from accessing marijuana affordably.
Thus far, the cities of Cambridge, Somerville, Salem, Easthampton, Amherst and Northampton have passed resolutions that direct their respective police departments to stop enforcing laws against the cultivation and sharing of psilocybin. The second biggest city in the state also approved a legislation that recognized the effectiveness of psychedelic therapy in treating conditions such as anxiety, depression and post-traumatic stress disorder.
Additionally, the biggest longitudinal study ever done on the use of psilocybin recently determined that psilocybin was capable of producing notable and lasting changes in psychological health and well-being, such as decreases in depression, anxiety and misuse of alcohol. The study’s findings show that there exists strong evidence of psilocybin’s benefits for various conditions.
As more states move to explore the viability of using psychedelics to treat various mental health disorders, the psychedelic drugs being developed by entities such as Compass Pathways PLC. (NASDAQ: CMPS) could find an eager market when they obtain regulatory approval and become available in the healthcare system.
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A cannabis retailer in Victoria, BC, says it will share profits with employees
Pineapple Victoria says that starting on December 1, it will be moving away from a model where profits from the business primarily benefit shareholders. Instead, the long-time retail store owners have decided to become a profit-sharing business with their half-dozen employees.
“By sharing profits with our employees, we are directly investing in the welfare and stability of our team, allowing them to benefit from the success they help to create,” says Aaron Gray, one of the owners of the cannabis store.
“This is another way to encourage staff to take ownership for the success of the business.”
Aaron Gray, Pineapple Victoria
“We’re an independent, mom-and-pop shop. Many of our staff have been with us for as long as about five years. We understand that a successful business is not measured solely by its financial performance but also by its positive impact on the community. The change also acknowledges that the success of a business is intrinsically linked to the wellbeing of its employees.”
Gray explains that Pineapple (formerly known as Pineapple Express) is owned by two families. Each family takes 35% of the business’ profit, while the staff will be entitled to the remaining 30% of the profit. The profit-sharing is in addition to regular merit-based raises that employees already receive. Wright notes that they are not planning on raising any of their in-store prices to cover the costs of the new profit-sharing program.
Pineapple started as a legacy-era dispensary in Victoria in 2015 and transitioned to the licensed, non-medical market in 2019, with some of its employees staying with them through that transition.
Pineapple is lucky to have many employees sticking with them for years, says Gray, and he believes that the high rate of turnover and low wages in the industry can be frustrating for those with a passion for the business.
“Through profit-sharing, we’re also hoping to show that working in a retail cannabis shop can be a career and can provide stability and personal satisfaction. While some might feel doubtful that this business model will work, we hope to prove them wrong.
“This is another way to encourage staff to take ownership for the success of the business.”
Kurtis Tingley, a manager at Pineapple, says he’s happy with the policy change.
“It has been absolutely lovely to work for the owners of Pineapple, and profit sharing is just the latest in a long list of how well we are treated here. Profit sharing allows our small and tight-knit staff to have a say and agency in how the store is run, which I feel is rare in the retail industry.
“It’s a point of pride for the staff here to work for a locally owned and operated mom-and-pop store, and profit sharing only furthers that,” he continues. “It gives us an opportunity to be rewarded further for our hard work. With the cost of living increasing at such a fast pace, it’s a relief to potentially earn more hourly for doing the same job. We can feel the support from the owners, and it is very much appreciated.”
Lexaria, a global innovator in drug delivery platforms, has, through its patented DehydraTECH(TM) technology, proven to enhance the performance of several categories of fat-soluble active molecules and drugs
Since 2018, human clinical studies on the technology have yielded positive results, ultimately earning Lexaria 37 granted patents globally, with many more pending around the world
With the strides made so far, Lexaria looks to grow its revenue and commercial opportunities through licensing
Lexaria Bioscience (NASDAQ: LEXX), a global innovator in drug delivery platforms, remains committed to its mission to provide healthier delivery methods of drugs and other Active Pharmaceutical Ingredients (“APIs”). This is made possible through its patented drug delivery technology, DehydraTECH(TM), proven to enhance the performance of several categories of fat-soluble active molecules and drugs across oral and/or topical product formats.
The company’s efforts have focused on several key segments, including hypertension, diabetes, antivirals, epilepsy, nicotine replacement, and more. This has been an ongoing process since 2016, with positive results achieved from various clinical studies thus far, showing up to 17x brain absorption improvements for oral administration of APIs. In 2021, for instance, the nicotine oral mucosal animal absorption study, NIC-A21-1, demonstrated a 10x to 20x reduction in time to deliver peak levels of nicotine, as well as a 1.7x to 6.6x improvement in nicotine levels in the bloodstream (https://cnw.fm/7orZ4).
This is enabled by DehydraTECH’s specific design for formulating and delivering lipophilic drugs and APIs. By increasing their effectiveness and improving the way they enter the bloodstream, DehydraTECH can offer a wide range of benefits, such as a significant increase in bioavailability, increased brain absorption, improving the speed of onset, masking unwanted tastes, and reduced drug administration costs.
Human clinical studies have been conducted since 2018, with more on the way, ultimately earning Lexaria 37 granted patents globally, with many more pending around the world. From 2018 to 2022, four human clinical studies on the potential treatment of hypertension were completed, evidencing lower blood pressure (“BP”) with zero serious adverse events. Lexaria is now closer than ever to submitting its Investigational New Drug (“IND”) application for its planned U.S. Phase 1b Hypertension Clinical Trial with the U.S. Food and Drug Administration.
For the first half of the 2023 calendar year, animal studies on using DehydraTECH-processed CBD for potentially treating diabetes demonstrated positive results such as reduced triglyceride levels, weight loss, and improved cholesterol levels. . .
“This is a remarkable achievement that speaks to the capabilities of the DehydraTECH technology and also to the Lexaria R&D team, working ardently with scarce resources relative to global multi-billion-dollar behemoths,” noted Chris Bunka, Lexaria’s CEO (https://cnw.fm/xOuDJ).
With the strides made, Lexaria looks to grow its revenue and commercial opportunities through licensing. Given its versatile application areas, the technology can be licensed by both the consumer-packaged goods industry and the drug and pharmaceutical sector. Its suitability cuts across a growing range of consumer product formats, such as registered drugs, nutraceuticals, oral suspensions, topical applications, capsules, pills, tablets and more.
The progress achieved thus far by Lexaria is remarkable. Its goals are also much more significant, as evidenced by the time and resources invested into DehydraTECH development. The efforts so far affirm the company’s commitment to providing healthier delivery methods for drugs and other APIs. They also assert its commitment to creating shareholder value and stamping its position as a leader in its segment.
NOTE TO INVESTORS: The latest news and updates relating to LEXX are available in the company’s newsroom at https://cnw.fm/LEXX
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CannabisNewsWire (“CNW”) is a specialized communications platform with a focus on cannabis news and the cannabis sector. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled recognition and brand awareness. CNW is where breaking news, insightful content and actionable information converge.
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Last week, Governor Kathy Hochul of New York signed into law a measure that eases the process through which financial institutions can work with legal marijuana businesses. The bill was sponsored by Assembly member Crystal Peoples-Stokes and Senator Jeremy Cooney.
It permits the Office of Cannabis Management to offer information about legal cannabis business applicants or licensees to financial institutions. The objective is to make it easier for businesses to comply with antimoney-laundering laws and filing of activity reports required for every marijuana-related transaction at the federal level.
It should be noted that before information can be shared, applicants and licensees would have to give their consent.
A memo attached to the measure states that it would permit financial institutions to access and verify financial as well as personal information for their prospective marijuana clients. It explains that the measure will reduce the costs imposed by additional reporting and compliance measures while also making it easier for financial institutions that want to bank marijuana businesses to comply with federal reporting.
The memo also highlights that handling large cash amounts, which most legal marijuana businesses do because they are unable to secure banking services, puts workers as well as the general public at risk. It notes that accessing financial services affects public safety and that cash businesses are exploited for criminal purposes, which undermines the goal of creating legal, safe and regulated markets.
The memo also highlights that handling large cash amounts, which most legal marijuana businesses do because they are unable to secure banking services, puts workers as well as the general public at risk. It notes that accessing financial services affects public safety and cash businesses are exploited for criminal purposes, which undermines the goal of creating legal, safe and regulated markets.
Currently, marijuana is still classified as a Schedule I substance under the Controlled Substances Act. Despite being legal in various states, this classification makes the drug illegal at the federal level.
In addition to providing banking services to marijuana businesses, the new law eliminates a number of the systemic and financial barriers that can prevent some from taking part in the legal cannabis market safely. Expanding eligibility for participation in this flourishing market may facilitate the opening of more legal businesses at a time when the illicit market continues to flourish in New York City.
Hochul also signed a resolution that offers tax relief to cannabis businesses in the state of New York. Currently, these businesses are still not allowed to make federal deductions under IRS code 280E.
In other news, legislators in Albany have been debating on solutions to deal with issues facing the implementation of marijuana legalization. Last month, the legislators discussed enforcement efforts to quash the illegal cannabis market in the state, the THC potency tax, preventing youth from accessing marijuana and lab testing practices, priorities on licensing and distribution, among other problems.
As more states take matters into their own hands and enact local measures to help marijuana businesses access conventional banking services, the operations of numerous entities such as Green Thumb Industries Inc. (CSE: GTII) (OTCQX: GTBIF) could have one less hurdle to deal with.
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CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.
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Response: “Easy. Just give them a device that emits radiation, but make it look pretty — make it super enticing and ensure it holds their attention. In this way, they will be slowly exposed to radiation that will gradually destroy their body, but they won’t even notice it.”
I just completed reading
book, The Invisible Rainbow. Although I had started it previously and made it through 80%, I haven’t had the opportunity to finish it until now. This book has been highly influential for me and is the foundation of the first chapter of my own book, An Unorthodox Truth.
It’s important to pay attention to the reality of the electromagnetic world we live in, including the phenomenon of electricity, which can be described as the ultimate spirituality, the divine that is everywhere.
As technology continues to advance, we must remain aware of its potential side effects. In a previous article, I discussed the mental side effects, but from a physiological perspective, never in human history has our species held radioactive devices so close to our bodies for hours at a time. It’s no wonder why we are constantly experiencing fatigue, mood swings, and other related symptoms.
By definition, the cell phone is a radioactive device. To get more information on this topic, I decided to have a conversation with GPT-4 to dive into this:
Question: Do cell phones emit radiation?
GPT-4 Response: Yes, cell phones emit radiation in the form of radiofrequency waves, which are a type of non-ionizing radiation. This means that they do not have enough energy to damage DNA or cause cancer. However, some studies have suggested that cell phone use may have other effects on the brain, such as changing its activity or metabolism. The evidence for these effects is not conclusive, and more research is needed to understand the possible health implications of cell phone use.
Question: When did cell phone use become widespread?
GPT-4 Response: According to the web search results, cell phone use became widespread in the early 2000s, when the number of mobile users increased rapidly
Question: Has there been an increase in comorbidities since the early 2000s?
GPT4 Response:
Comorbidities are the presence of one or more additional conditions co-occurring with a primary condition. According to some studies, there has been an increase in comorbidities among adult patients with incident cardiovascular disease (CVD) in the UK between 2000 and 2014.
The prevalence of having 5 or more comorbidities increased 4-fold, rising from 6.3% in 2000 to 24.3% in 2014 in age/sex-standardised models.
The most common comorbidities in this population were hypertension, depression, arthritis, asthma, and anxiety.
The prevalence of depression and anxiety was higher in women than in men.
Similar trends of increasing comorbidities have been observed in other countries and regions, such as the US, Europe, and Asia.
The reasons for this increase are not fully understood, but some possible factors include aging population, improved survival rates, changes in diagnostic criteria, and environmental and lifestyle factors
Question: What are some health related effects from radiation in the form of radiofrequency waves?
GPT-4 Response: Some possible health effects from radiation in the form of radiofrequency waves are:
Heating of body tissues: RF radiation can produce heat in the exposed area, which can lead to burns and tissue damage. This is more likely to occur with high-intensity sources, such as radar or medical devices.
Changes in brain activity and metabolism: Some studies have suggested that RF radiation may affect the electrical activity and glucose metabolism of the brain, especially in regions close to the cell phone antenna. However, the significance and implications of these changes are not clear, and more research is needed to understand their potential health effects.
Increased risk of cancer: There is some evidence that RF radiation may increase the risk of certain types of brain cancer, such as glioma, in people who use wireless phones frequently and for long periods of time. However, this evidence is not conclusive, and other factors, such as genetic susceptibility, may also play a role. The International Agency for Research on Cancer (IARC) has classified RF radiation as possibly carcinogenic to humans (Group 2B), meaning that there is limited evidence of carcinogenicity in humans and less than sufficient evidence in experimental animals.
Question: Does radiation in the form of radiofrequency waves affect the heart?
GPT-4 Response: That’s a good question. Radiation in the form of radiofrequency waves (RF) can affect the heart in various ways, depending on the intensity, duration, and frequency of exposure. Some possible effects are:
Heating of body tissues: RF radiation can produce heat in the exposed area, which can lead to burns and tissue damage. This is more likely to occur with high-intensity sources, such as radar or medical devices.
Changes in autonomic function: RF radiation may affect the nervous system that controls the heart rate, blood pressure, and blood flow. Some studies have shown that cell phone use or Wi-Fi exposure can alter these parameters, as well as the levels of stress hormones and inflammatory markers in the blood.
Increased risk of cardiac arrhythmias: RF radiation may interfere with the electrical impulses that regulate the heart rhythm. Some studies have reported that cell phone use or Wi-Fi exposure can increase the risk of irregular heartbeats, especially in people with pre-existing heart conditions or pacemakers.
The evidence for these effects is not conclusive, and more research is needed to understand the potential health implications of RF radiation exposure.
The World Health Organization (WHO) has classified RF radiation as possibly carcinogenic to humans (Group 2B), meaning that there is limited evidence of carcinogenicity in humans and less than sufficient evidence in experimental animals. However, there is no clear link between RF radiation and heart cancer. (Me: Righttt…).
If we thought the cover-up by the FDA and CDC regarding the pandemic was terrible, we haven’t seen anything compared to the FTC regarding cell phone safety.
While cell phones can do amazing things, including being used for creative activities — like I’m doing right now — we need to be aware of the risks associated with their use.
Arthur talks throughout his book about how hip surgeries, breast cancers, headaches, and ADHD have all increased since the 90s when cell phones started to become widely used.
also talks about this issue a lot in his substack as well.
No other time period in human history has used cell phones for long enough to see the long-term effects of their use. It’s important to ask ourselves how often we use our cell phones and whether we are using them wisely.
This isn’t a call to abandon cell phones, but:
We must all be aware of the potential risks associated with cell phone use and
We must limit our exposure to radiation because the effects are prominent.
Guard your attention — it’s the most valuable currency in the Universe. There are spiritual forces in all myths, religions, and history that look to steal your attention. The “cell” phone ironically captures your attention and at the same time breaks down your body little by little.
However, if you’re outside the United States, you may want to consider ordering from Amazon for faster shipping and delivery — and if you have Prime as well.
A. add 3 Healing Support (combination essence) and 3 Blue Eyed Grass to the shopping cart and enter the coupon code for this promo which is: HSHOLIDAYS
Only charged for the Healing Support. The Blue Eyed Grass free
Or
B. Add 6 Heartmend to shopping cart and two will be free when the coupon code HMHOLIDAYS is used.
The marijuana industry in the state of Maryland is on course to becoming a billion-dollar business after the recreational use of the drug was legalized a few months ago. Many are taking advantage of this new market, with some offering private dinner parties that feature foods infused with marijuana.
One entrepreneur, Chef Jazmine Moore, has been offering such course meals at her restaurant. Moore believes more individuals are looking for alternative ways to relax and enjoy themselves, and her food affords them an approachable way to use marijuana.
Her approach is backed by numbers from a recent poll, which show that almost 40% of individuals in America felt two alcoholic drinks was unhealthy, which may have some substituting drinks for marijuana.
The chef normally consults with her guests prior to every event, which enables her to ensure that everyone participating is aged 21 years and older; she also ensures that every individual signs a waiver. Moore revealed that she had used marijuana herself to help her overcome Crohn’s Disease symptoms, which had caused digestive issues that actually prevented her from eating.
Moore’s business, the Green Panther Chef, allows her to forge her path in a new field while also taking away the stigma that still surrounds the use of cannabis. During her dinner parties, which last roughly three hours, guests often begin the night with a CBD-infused mocktail or cocktail.
One dinner guest, Shirdell Kenney, revealed that marijuana helped people unwind and afforded the space for guests to fully immerse themselves in the experience. Ayanna Lawson, another dinner guest, noted that consuming marijuana-infused meals didn’t make one a stoner. Lawson herself owns and manages Front Row Travels, a travel firm that centers on marijuana-friendly getaways and experiences.
A few other guests were interviewed, with one declaring that food did taste better with marijuana while another discussed how marijuana helped her as a survivor of thyroid cancer.
Moore revealed that she enjoyed teaching others how to cook with marijuana and had already published her own cookbook focused on that topic. She hopes that in the future, cannabis will be allowed to expand restaurant menus in the state. When asked about marijuana’s effect after one has consumed infused foods, she equates the feeling to that of having a few glasses of wine.
Kenney herself noted that the feeling was a mellow and better high, especially when compared to smoking a joint.
Such dinners featuring marijuana-infused foods and drinks could go a long way in helping many individuals become comfortable consuming marijuana products from entities similar to Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) that make products for the recreational and medical markets within different jurisdictions.
About CNW420
CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.
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