MediPharm Labs Reports Second Quarter 2020 Results, Strong Progress With International Expansion
BARRIE, Ontario, Aug. 13, 2020 (GLOBE NEWSWIRE) — MediPharm Labs Corp. (TSX: LABS) (OTCQX: MEDIF) (FSE: MLZ) (“MediPharm Labs” or the “Company”) a global leader in specialized, research-driven pharmaceutical-quality cannabis extraction, distillation and derivative products, today announced its financial results for the three and six months ended June 30, 2020. Q2 featured a 25% improvement in revenue and a strong recovery in gross profit and margin from Q1.
Legal Cannabis’ Spread Around the Globe Highlights Shift in Opinion
As Cannabis Seeds Market Research Report, DBMR Analyses the Cannabis Seeds Market to account to USD 34.69 billion by 2027 growing at a CAGR of 19.40% in the forecast period.
Study highlights dangers of improperly stored cannabis edibles to children
TORONTO — Early results from a two-year Canadian study are shedding a light on how dangerous cannabis edibles can be if they end up in the hands of young children.
The study, which looked at incidents when a child under the age of 18 had experienced a serious or life-threatening event related to exposure to non-medical cannabis, found that 33 per cent of the cases in 2019 involved children being hospitalized after accidentally consuming cannabis edibles.
The results also showed that the number of children hospitalized due to severe reactions to cannabis exposure has doubled since 2018.
MPX International’s Wholly-Owned Subsidiary, Canveda Inc., Enters Into a Purchase Agreement With Zenabis Ltd. for the Supply of Cannabis
TORONTO, Aug. 12, 2020 (GLOBE NEWSWIRE) — MPX International Corporation (“MPX International”, “MPXI” or the “Corporation”) (CSE:MPXI; OTCQX:MPXOF), a multinational diversified cannabis company, is pleased to announce that its wholly-owned subsidiary, Canveda Inc. (“Canveda”), a licence holder under the Cannabis Act (Canada), has entered into a purchase agreement for high quality cannabis flower from Zenabis Global Inc (“Zenabis”), a large scale Canadian producer with an estimated 96,400 kg of licensed cannabis cultivation space.
new film titled CBD Nation will be released.
Later this month, a new film titled CBD Nation looking to explore the medical benefits of CBD and cannabis will be released.
Pregnant marijuana use linked to children with autism, study
Children whose mothers used cannabis during pregnancy have an increased risk of developing autism, a new Canadian study found. The findings coincide with recent research that showed negative association between pregnancy and cannabis use, including infant health risks and small birth weights.
The study was published in the journal Nature Medicine this week by authors from the Ottawa Hospital and affiliated institutions in Ontario.
Southern Cannabis CEO expects rapid growth for Australia’s medicinal cannabis market
Southern Cannabis Holdings’ director and chief executive officer Tim Drury provided a positive outlook for the medicinal cannabis market in Australia during this week’s Proactive medical cannabis virtual investor conference.
The company’s market intelligence business FreshLeaf collects around a million data points from products, to pricing, to patients and expects Australia’s pharmaceutical market to be worth close to $2 billion, once fully addressed.
Researchers determine the effects of after-hours cannabis use on workplace performance
Dr. Jeremy Bernerth, management professor at San Diego State University’s Fowler College of Business and H. Jack Walker, management professor at Auburn University’s Raymond J. Harbert College of Business set out to determine the effects of different types of cannabis use (before, during and after hours) on work performance, especially as it relates to core job requirements, helping colleagues or their organizations, and counterproductive behavior in the workplace. Their research titled “Altered States or Much to Do About Nothing? A Study of When Cannabis Is Used in Relation to the Impact It Has on Performance” was recently published in Group & Organization Management.
After tabulating all the responses, the researchers found a negative correlation between those who used cannabis before and during work with task performance. This indicates a decline in performance when using cannabis prior to or while on the job. There was, however, no relationship between using cannabis after work and one’s performance on the job.
American Heart Association says smoking cannabis could be harmful to cardiovascular health
Last week the American Heart Association issued a statement in its journal, Circulation, finding that cannabis consumption provides no cardiovascular benefits and could potentially be harmful to the heart and blood vessels of users.
Study: Most Americans in Legal States Express “Positive Perceptions” of the Cannabis Marketplace
Adults residing in states where retail marijuana sales are legally regulated tend to hold a positive impression of the marketplace, according to data published in the journal Addictive Behaviors.
Cannabis Global Announces Positive Balance Sheet Recapitalization with Retirement of Convertible Debt
LOS ANGELES, Aug. 13, 2020 /PRNewswire/ — Cannabis Global, Inc. (OTC: CBGL) (“Cannabis Global” or the “Company”), a cannabinoid and hemp extract science-forward company developing infusion and delivery technologies, is pleased to announce the repayment and retirement of multiple convertible notes along with other positive restructuring of the Company’s debt obligations. The Company recently paid off three convertible notes with a total principal value of $178,500 and has signed a binding agreement with an institutional investor to finance the payoff of an additional $63,000 note.
Tiebreaker process for Illinois cannabis licenses finalized
SPRINGFIELD — The Illinois Department of Financial and Professional Regulation, or IDFPR, adopted permanent rules this week to break ties in the application process for 75 conditional adult-use cannabis dispensary licenses.
Biden’s selection of Harris is ‘modestly positive’ for cannabis industry, analysts say
The presumptive Democratic presidential nominee’s decision on his vice president is “modestly positive for cannabis as she is an advocate for legalization,” said Jaret Seiberg, an analyst at Cowen Washington Research Group, in a note.
‘We were a bit tone deaf:’ Hobo Cannabis renamed Dutch Love after backlash
After facing repeated criticism for more than a year, Hobo Cannabis Company is changing its name to Dutch Love.
The business is making the switch because it wants to be inclusive and ensure no one sees its name as an effort to slight homeless people, said Jeff Donnelly, the president and chief executive of Hobo parent company, the Donnelly Group.