420 with CNW – Canberra Becomes the First City to Legalize Recreational Marijuana in Australia

Following a landmark vote on Tuesday, Canberra becomes the first city to legalize recreational marijuana in Australia.  The passed bill allows individuals who are 18 years plus to legally possess, use and cultivate small amounts of weed for recreational use.

The ABC state broadcaster reported that the new law would be implemented as from the last day of January next year. The new law stipulates that Canberra residents can legally possess up to 1.76 ounces of dried weed and cultivate a maximum of two or four plants per…

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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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CannabisNewsBreaks – TransCanna Holdings Inc. (CSE: TCAN) (FRA: TH8) Completes SolDaze Acquisition

TransCanna Holdings (CSE: TCAN) (FRA: TH8) on Thursday announced that it has closed the acquisition of all the outstanding equity interest in Tres Ojos Naturals LLC, currently doing business as SolDaze. TransCanna paid a purchase price comprised of a cash payment of $200,000 (including a previously paid deposit of $50,000) and the issuance of 810,000 common shares at a deemed price of $1.14 each. Another cash payment of $150,000 will be paid on November 15, 2019 to satisfy the remaining cash portion of the purchase price. TCAN and the vendors entered into a voluntary pooling agreement concerning the closing share consideration, which details the release of the shares over a two-year period, subject to an increase in speed if the sales of SolDaze products reach predetermined revenue targets. The number of shares released may also be lowered if certain revenue targets are not met by the dates specified.

To view the full press release, visit http://cnw.fm/64MXi

About TransCanna Holdings Inc.

TransCanna Holdings Inc. is a Canadian based company providing branding, transportation and distribution services, through its wholly-owned California subsidiaries, to a range of industries including the cannabis marketplace. For more information, visit the company’s website at www.TransCanna.com.

NOTE TO INVESTORS: The latest news and updates relating to TCAN are available in the company’s newsroom at http://cnw.fm/TCAN

About CanadianCannabisWire

CanadianCannabisWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

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CannabisNewsBreaks – TransCanna Holdings Inc. (CSE: TCAN) (FRA: TH8) Appoints Consumer Products and Healthcare Industry Veteran Peter Vitulli to its Board

TransCanna Holdings Inc. (CSE: TCAN) (FRA: TH8) this morning announced its appointment of Peter Vitulli to its board of directors. According to the update, Vitulli currently serves as an operating advisor at Windrose Health Investors and has extensive experience spanning 35 years in the consumer products and healthcare industries with both large corporations and entrepreneurial start-ups. Earlier in his career, Peter was president and general manager of the $1 billion North American Gatorade business. He most recently served as president and CEO of DNA Diagnostics Center, one of the world’s largest providers of private DNA tests. “I have a long-standing relationship with Peter and look forward to having him on our board,” TransCanna President and CEO Steve Giblin said in the news release. “His related experience growing companies and specifically in the medical diagnostic area will help fast track critical decisions to build out our management team and introduce new products.”

To view the full press release, visit http://cnw.fm/I8zmN

About TransCanna Holdings Inc.

TransCanna Holdings Inc. is a Canadian based company providing branding, transportation and distribution services, through its wholly-owned California subsidiaries, to a range of industries including the cannabis marketplace. For more information, visit the company’s website at www.TransCanna.com.

NOTE TO INVESTORS: The latest news and updates relating to TCAN are available in the company’s newsroom at http://cnw.fm/TCAN

About CanadianCannabisWire

CanadianCannabisWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)

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420 with CNW – Mexican Senate to Start Debating Cannabis Legalization This Week

The Senate in Mexico is set to start debating the legalization of marijuana this week, according to information from the leader of the Morena Party.

Different Senate committees will consider the different proposals before them before a bill is put together, possibly by…

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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.

To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)

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CannabisNewsBreaks – TransCanna Holdings Inc. (CSE: TCAN) (FRA: TH8) Inks Agreement to Acquire Outstanding Shares of Lyfted Farms Inc.

TransCanna Holdings (CSE: TCAN) (FRA: TH8) on Thursday announced that it has signed a binding agreement to acquire all the outstanding shares of Lyfted Farms Inc. for a purchase price of $6,300,000. The purchase price will be comprised of $5,550,000 in cash and the issuance of 1,000,000 TransCanna common shares. A deposit of $150,000 has already been advanced and the remainder of the cash portion, totaling $400,000, will be payable on closing in addition to the issuance of a non-interest-bearing promissory note by TransCanna in the amount of $5,000,000. This agreement updates the terms of the previous non-binding letter of intent between the two companies. “With this acquisition we are not only securing a high-quality brand but fulfilling a need in sourcing and stabilizing our upper supply chain which we see as a serious requirement in the California Cannabis marketplace,” TransCanna president & CEO Steve Giblin stated in the news release. “This acquisition represents a significant talent acquisition for the company moving forward.”

To view the full press release, visit http://cnw.fm/zB6CP

About TransCanna Holdings Inc.

TransCanna Holdings Inc. is a Canadian-based company focused on providing integrated branding, transportation and distribution services, through its wholly-owned California subsidiaries, to a range of industries including the cannabis marketplace. For more information, visit the company’s website at www.TransCanna.com.

NOTE TO INVESTORS: The latest news and updates relating to TCAN are available in the company’s newsroom at http://cnw.fm/TCAN

About CanadianCannabisWire

CanadianCannabisWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)

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420 with CNW – Advocates Intensify Fight for Workers’ Right to Use Marijuana

Should someone using marijuana in a state where it is legal fear that they will lose their job or have their job application rejected? Pro-marijuana advocates are starting to show that the answer is an emphatic “no” and they are demanding for action in this regard.

It is ironical that California, which paved the way for recreational marijuana across the country, doesn’t have protections for workers who use legal marijuana within its state borders. Courts have ruled that the laws legalizing marijuana don’t shield workers from being fired for using marijuana and the attempt of lawmakers to correct…

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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.

To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)

For more information please visit https://www.CNW420.com

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CannabisNewsBreaks – TransCanna Holdings Inc. (CSE: TCAN) (FRA: TH8) Releases Corporate Update

TransCanna Holdings Inc. (CSE: TCAN) (FRA: TH8) this morning announced its appointment of President and CEO Steve Giblin, who will also continue as an executive director for the company while Arni Johannson will remain its chairman of the board. The company thanks former CEO Jim Pakulis for his efforts launching TransCanna and establishing multiple strategic relationships. Per the update, Giblin has led the rapid growth of multiple companies in Europe, Canada and the United States and has worked closely with other industry leading brands with C-suite relationships that include Marriott, Hilton, Bentall Kennedy and Great West Life. “Significant effort has been made in the past few months to ensure TransCanna has the right strategies and fiscal plan to give the company a solid platform for growth,” TransCanna President and CEO Steve Giblin said in the news release. “We have seen a complete team effort with incredible synergies coming together, full thanks to every team member from Santa Cruz, Modesto and our Canadian Public entity.”

To view the full press release, visit http://cnw.fm/L3v9g

About TransCanna Holdings Inc.

TransCanna Holdings Inc. is a Canadian-based company focused on providing integrated branding, transportation and distribution services, through its wholly-owned California subsidiaries, to a range of industries including the cannabis marketplace. For more information, visit the company’s website at www.TransCanna.com.

NOTE TO INVESTORS: The latest news and updates relating to TCAN are available in the company’s newsroom at http://cnw.fm/TCAN

About CanadianCannabisWire

CanadianCannabisWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)

For more information please visit https://www.CanadianCannabisWire.com

Please see full terms of use and disclaimers on the CanadianCannabisWire website applicable to all content provided by CNW, wherever published or re-published: http://CNW.fm/Disclaimer

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905.674.5977 Office
Editor@CanadianCannabisWire.com

CannabisNewsBreaks – TransCanna Holdings Inc.’s (CSE: TCAN) (FSE: TH8) Warrants Commence Trading on the CSE

TransCanna Holdings (CSE: TCAN) (FSE: TH8) this morning announced that 4,207,083 common share purchase warrants began trading on the Canadian Securities Exchange (“CSE”) under the symbol ‘TCAN.WT’ as the market opened today. The warrants, each of which entitle the holder to purchase one common share of the company, were issued in accordance with a private placement financing that closed in April 2019. The warrants will expire on April 4, 2022.

To view the full press release, visit http://cnw.fm/Tdm7O

About TransCanna Holdings Inc.

TransCanna Holdings is a Canadian-based company providing branding, transportation and distribution services, through its wholly owned California subsidiaries, to a range of industries including the cannabis marketplace. For more information, visit the company’s website at www.TransCanna.com.

NOTE TO INVESTORS: The latest news and updates relating to TCAN are available in the company’s newsroom at http://cnw.fm/TCAN

About CanadianCannabisWire

CanadianCannabisWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)

For more information please visit https://www.CanadianCannabisWire.com

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420 with CNW – Study Finds Cannabis Flower Tops Other Cannabis Products in Providing Pain Relief

A study whose findings were published towards the end of July has found that dried marijuana flower provides the highest level of pain relief when compared to other marijuana products. This conclusion was made after analyzing the data collected by an app which allows medical marijuana users to track the effects of the different medical marijuana products and dosage for different health conditions.

The New Mexico University researchers wrote that higher THC concentrations in marijuana flower and other cannabis products were associated with better pain relief outcomes among the patients who used the Releaf App to track their medical cannabis usage.

In contrast, CBD showed pain relief effects only up to a certain level, while the additional concentration was associated with no additional benefit yet gastrointestinal complaints increased among the patients who used products with higher concentrations of CBD. This is in line with research that shows the benefits of CBD start leveling off when patients consume higher doses of the compound.

Overall, the study looked at 20,513 sessions of marijuana use logged in the app by 2,987 patients for more than two years (June 6, 2016 to October 24, 2018). 95 percent of all the patients reported marked relief from pain and the average reduction was 3.1 points on a self-reported pain scale ranging from 0-10. The starting level of pain was an average of 5.87 and this average dropped to 2.77 after the patients had used marijuana for their pain.

Another highlight of this study was that cannabis concentrates were linked to more side effects than dried cannabis flower. The researchers suspect that those negative side effects could have been caused by the residues of the solvents used to extract the concentrates, or because other cannabis compounds, such as terpenes and flavonoids, are lost during the extraction process.

The research also revealed that marijuana products which were hybrids of sativa and indica marijuana strains exhibited better pain management when compared to those that were either purely indica or purely sativa in nature.

It was also noted that the patients who said that they had pain in the stomach or gastrointestinal system benefited most from products with lower concentrations of THC than from products high in THC.

Interestingly, the patients who used marijuana tinctures, pills and edibles reported less relief from pain when compared to those who used cannabis concentrates, dried flower and topical products.

This research done on a large population of medical marijuana users provides some of the best proof so far available regarding the role of THC in pain management. Industry watchers are eager to see how different entities like Therma Bright Inc. (TSX.V: THRM) (OTC: THRBF) and TransCanna Holdings Inc. (CSE: TCAN) (FRA: TH8) will make use of these research findings in their products.

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.

To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)

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420 with CNW – Arizona Cannabis Legalization Effort Takes First Step

The Smart and Safe Arizona Initiative has filed a petition with the Secretary of State for clearance so that the group can start a campaign to gather signatures which will see marijuana legalization put on the state’s 2020 ballot.

Under the initiative, adults who are 21 or older will be able to buy, possess, consume and cultivate marijuana in the state. The initiative also has provisions that will make it possible for people with prior low-level marijuana convictions to have their records wiped clean.

Under the proposal, a fraction of the tax revenue generated from the sale of recreational marijuana will be allocated to the community colleges in the state, as well as to the health and infrastructure sectors.

Some of the provisions in this initiative favor the medical marijuana companies which are currently operating in Arizona. For example, the proposal suggests that the medical marijuana dispensaries in the state will have first priority as retail licenses are issued to companies that would like to participate in the distribution of recreational marijuana. Additional retailers can then be selected randomly by the Arizona Department of Health once the medical cannabis dispensaries have been granted retail licenses.

While this initiative has provisions which are intended to win the support of the marijuana industry in the state, there are other provisions which favor the customer. For instance, the inclusion of home cultivation is good for residents because it gives them a way to keep their costs low, if they have the interest in growing their own marijuana.

The proposed legalization initiative suggests some restrictions on marijuana edibles. These include a ban on the sale of gummy worms and gummy bears which resemble products consumed by children. The THC content of marijuana edibles would also be capped at 10mg per serving.

This initiative is coming at a time when support for marijuana legalization is high, but a number of factors may make the work of the campaigners hard.

For example, Gov. Doug Ducey (R) is opposed to marijuana legalization and is on record saying he was glad that a previous ballot measure in 2016 had failed.

The campaigners will also be aware that medical marijuana was legalized through a slim majority during the elections of 2010. Getting the 237,645 voter signatures to put the initiative on the ballot may therefore the easy part while the real work lies in convincing voters that marijuana legalization is good for them and the state.

For now, the activists in Arizona can count on the support of the cannabis industry in the state as well as the growing interest in seeing an end to marijuana prohibition across the U.S. as factors working in their favor.

Industry analysts believe that marijuana industry actors like Therma Bright Inc. (TSX.V: THRM) (OTC: THRBF) and TransCanna Holdings Inc. (CSE: TCAN) (FRA: TH8) will be watching events in Arizona closely in the run up to the elections.

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.

To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)

For more information please visit https://www.CNW420.com

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