Crop Applies for Multiple California Retail Locations and Confirms Shipment of 330,000 Pre-Rolled Cones, With Custom Evolution and Hempire Filters
Momentum Public Relations
Press Release: April 11, 2019
CROP INFRASTRUCTURE CORP. (CSE: CROP) (OTC: CRXPF) (Frankfurt: 2FR) announced today that its Emerald Heights retail brand has started two additional retail applications in California.
The first application, in Chula Vista, has already been notified of passing phase 1 of the licensing process. The second, in Contra Costa, has had a letter of intent submitted with the municipality and several appropriate locations have been identified. CROP’s business development team has started reviewing several existing licensed M&A opportunities in California for a flagship location.
Furthermore, CROP has confirmed with the brand product supplier that 330,000 pre-rolled cone sleeves have been shipped with custom Hempire and Evolution filters. The pre-roll equipment, located at the recently acquired NorCal distribution centre, can roll up to 10,000 cones per day with sufficient flower remaining from 2018 to fill the cones.
The current market in California for pre-rolled cones is $5.00 wholesale with an MSRP of $10.00and infused cones are wholesaled at $12.00 with a MSRP of $18.00.
“California’s cannabis market is expected to soar to $5.1 billion — and it’s going to be bigger than beer” Business Insider (Berke 2018)
A report from the cannabis industry research firm BDS Analytics estimates sales of cannabis to hit $3.7 billion by the end of 2018 alone, and predict that number will increase to $5.1 billion in 2019 as more dispensaries come online.
For comparison, beer sales in California hit $5 billion in 2017, according to industry research group IBIS World.
California — the world’s sixth largest economy with a population of close to 40 million — will be a huge chunk of the total market for cannabis in North America. Legal marijuana sales hit $9.7 billion across the seven states where recreational marijuana is legal, excluding California, and Canada in 2017 alone, according to BDS. That number is expected to hit $24.5 billion in sales by 2021, despite continued federal prohibition.
Michael Yorke states “The sales growth trend is unabated across the board. Clearly, the California market is potentially vast and, once the regulatory climate has the federal government on side, we expect sales predictions by market research firms to be sharply revised upwards and the prospect of cannabis business ending up being bigger than beer becoming much closer to a reality.”
About CROP
Crop is public company trading under symbol CROP.CSE. The company is focused on cannabis branding and real estate assets. CROP’s portfolio of projects includes cultivation properties in California, two in Washington State, a 1,000-acre Nevada cannabis farm, 2,115 acres of Hemp CBD farms, and a growing portfolio of common share equity in upcoming listings within the cannabis space.
Disclaimer for Forward-Looking Information
Certain statements in this press release are forward-looking statements are not based on historical facts, but rather on current expectations and projections about future events and are therefore subject to risks and uncertainties which could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements. In addition, marijuana remains a Schedule I drug under the United States Controlled Substances Act of 1970. Although Congress has prohibited the US Justice Department from spending federal funds to interfere with the implementation of state medical marijuana laws, this prohibition must be renewed each year to remain in effect. These statements generally can be identified by the use of forward-looking words such as “may”, “should”, “could”, “intend”, “estimate”, “plan”, “anticipate”, “expect”, “believe” or “continue”, or the negative thereof or similar variations. Forward-looking statements in this news release include statements regarding the expected returns from the California Project; the technological effects of California Project; the intention to expand its portfolio; and execute on its business plan. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding the regulatory and legal framework regarding the cannabis industry in general among all levels of government and zoning; risks associated with applicable securities laws and stock exchange rules relating to the cannabis industry; risks associated with maintaining its interests in its various assets; the ability of the Company to finance operations and execute its business plan and other factors beyond the control of the Company. Such forward-looking statements should therefore be construed in light of such factors, and the Company is not under any obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.
The CSE has not reviewed, approved or disapproved the content of this press release.
Company Contact
Michael Yorke – CEO and Director
E-mail: info@cropcorp.com
Website: www.cropcorp.com
Phone: (604) 484-4206
- Published in Cannabis, CROP Infrastructure, Marijuana, News Home
Sirona Biochem’s TFC-1067 Demonstrates Superiority to Hydroquinone for the Treatment of Dyschromia
Momentum Public Relations
Press Release: April 10, 2019
Sirona Biochem Corp. (TSX-V: SBM) (FSE: ZSB) (the “Company“) is pleased to announce the results of its clinical trial performed by Dr. Zoe Draelos of Dermatology Consulting Services, conducted in North Carolina, USA. Sirona’s TFC-1067 demonstrates superiority to the gold standard, hydroquinone, for the treatment of dyschromia (hyperpigmentation or “dark spots” of the skin).
In the 12-week double blinded study involving 48 participants, TFC-1067 successfully achieved the endpoint of lightening dyschromic areas on the skin. With application of TFC-1067, areas of hyperpigmentation were significantly lightened and blended into surrounding skin, evening skin tone while preserving overall tone. TFC-1067, achieved this goal, while the hydroquinone comparator did not.
No clinical safety issues were observed with TFC-1067 during the trial. Combined with extensive preclinical safety testing, there is now strong evidence that TFC-1067 is a safe and superior replacement to hydroquinone for the treatment of facial hyperpigmentation.
Hydroquinone has remained the gold standard for skin lightening despite known toxicity which is an ongoing concern for the FDA and the dermatology community. Hydroquinone is banned or has restricted dosing in an increasing number of countries. Although many non-hydroquinone alternative lightening compounds are either toxic or ineffective, unfortunately, millions of people still resort to toxic treatments for hyperpigmentation despite poor aesthetic results. There is a clear unmet need for a safe and effective treatments in this 20-Billion-USD skin lightening market.1
The Company is currently pursuing publication of these results in a peer reviewed scientific journal. A detailed report of the clinical trial will then be made available to the scientific community including the dermatological and cosmetic community.
“Having demonstrated clinically in our human trial what we predicted in preclinical testing is further validation of the commercial value of our proprietary technology,” reports Dr. Howard Verrico, CEO Sirona Biochem. “These results were achieved with a very basic formulation. The full potential of TFC-1067 is yet to be demonstrated. Having validated the commercial value of TFC-1067 with the clinical trial’s success we have greatly improved our licensing opportunities and value globally. Currently we are in discussions for licensing TFC-1067 in specific markets. An update will be released when these discussions conclude.”
“TFC-1067 performed remarkably well in comparison to 2% hydroquinone, which traditionally has been challenging to approximate. Hydroquinone alternatives are needed,” said Dr. Zoe Draelos. “Most consumers desire lightening of dark spots to blend into surrounding skin. The study product achieved this goal.”
About Dr. Zoe Draelos
Zoe Diana Draelos, MD, is a practicing board-certified dermatologist and a Fellow of the American Academy of Dermatology with a research interest in cosmetics, toiletries, and biologically active skin medications. She is a researcher in High Point, North Carolina, and a Consulting Professor of Dermatology at Duke University. In 1988, she founded Dermatology Consulting Services to provide education, develop formulations, and conduct clinical studies in association with industry. Prior to pursuing a medical career, Dr. Draelos completed an undergraduate degree in Mechanical Engineering and was elected a Rhodes Scholar. A member of Sigma Xi research honorary and Alpha Omega Alpha medical honorary, she is author of 12 textbooks, including Cosmetics in Dermatology, now in its second edition after having been translated into 4 languages, Hair Cosmetics, as well as the editor of Cosmeceuticals, now in its third edition and translated into 5 languages. She has experience conducting FDA phase I, II, III, and IV studies and also specializes in OTC drug and cosmetic studies. Dermatology Consulting Services can develop protocols, write consents, organize case report forms, obtain IRB approval, recruit and administer the study, perform data entry, prepare the statistical analysis, and write the final report. She has successfully completed over 545 clinical studies as the primary investigator. This diversity of services offered by Dr. Draelos provides a unique start to finish approach to clinical research for drugs, OTC drugs, and cosmetic formulations. For further information, please visit http://www.zoedraelos.com/.
About Sirona Biochem Corp.
Sirona Biochem is a cosmetic ingredient and drug discovery company with a proprietary platform technology. Sirona specializes in stabilizing carbohydrate molecules with the goal of improving efficacy and safety. New compounds are patented for maximum revenue potential.
Sirona’s compounds are licensed to leading companies around the world in return for licensing fees, milestone fees and ongoing royalty payments. Sirona’s laboratory, TFChem, is in France and is the recipient of multiple French national scientific awards and European Union and French government grants. For more information, please visit www.sironabiochem.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
- Published in Life Sciences, News Home, Sirona Biochem
Tetra Bio-Pharma Resumes its Phase 3 Clinical Trial Program
Momentum Public Relations
Press Release: April 9, 2019
Tetra Bio-Pharma Inc. (“Tetra” or the “Company“) (TSX-V: TBP) (OTCQB: TBPMF), today announced it is ready to resume its Phase 3 clinical program in advanced cancer pain patients with the objective to assess Health- Related Quality of Life (HrQoL).
The SERENITY© Study will use a vaporizer, a Health Canada approved Class 2 medical device as a delivery mechanism which is more acceptable to hospitals and palliative care centers. Tetra’s new drug formerly referred to as PPP-001 will be investigated in the SERENITY © Study under the commercial trademark of CAUMZ. In preparation for commercialization, Tetra has decided to brand its investigational drug name for regulatory filing purposes.
In addition, the significant expansion of clinical trial sites to 20 in both Canada and the United States, will accelerate patient recruitment and help expedite Tetra’s submission to regulatory agencies.
“I am extremely pleased with Tetra’s ability to quickly resolve the problem that required us to suspend our clinical trial in advanced cancer pain. With great challenge comes great opportunity and what we are now able to deliver is a better and more reliable product,” said Dr. Guy Chamberland, CEO and CSO of Tetra Bio-Pharma. “The continuation of our research is excellent news, not only for those suffering with advanced cancer pain and other symptoms but also for our investors. I look forward to the day when Tetra’s cannabinoid-derived drugs will help reduce, if not eliminate the reliance on drugs like Fentanyl®, Oxycodone® or morphine and that hopefully the study drug will be able to bring serenity to patients in their difficult journey through the disease.”
About Tetra Bio-Pharma:
Tetra Bio-Pharma (TSX-V: TBP) (OTCQB: TBPMF) is a biopharmaceutical leader in cannabinoid-based drug discovery and development with a Health Canada authorized, and FDA reviewed, clinical trials aimed at bringing novel prescription drugs and treatments to patients and their healthcare providers. The Company has several subsidiaries engaged in the development of an advanced and growing pipeline of Bio Pharmaceuticals, Natural Health and Veterinary Products containing cannabis and other medicinal plant-based elements. With patients at the core of what we do, Tetra Bio-Pharma is focused on providing rigorous scientific validation and safety data required for inclusion into the existing bio pharma industry by regulators, physicians and insurance companies.
For more information visit: www.tetrabiopharma.com
Source: Tetra Bio-Pharma
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
- Published in Life Sciences, News Home, Tetra Bio Pharma
MedX signs DermSecure distribution deal with CBD Vida
Momentum Public Relations
Press Release: April 9, 2019
MedX Health Corp. (“MedX”) (TSX-V: MDX) announced today that it has signed an Exclusive Distribution Agreement with CBD Vida (“Vida”), to launch a comprehensive, ease-of-access skin scanning/assessment program throughout Brazil, using MedX’s DermSecureTMTelemedicine platform.
This exclusive distribution agreement is a natural progression of the earlier Memorandum of Understanding with Vida “because their reach in the Brazilian marketplace is robust and extensive,” said Scott Spearn, President & CEO of MedX. Mr. Spearn said that Vida has agreed to pay for all regulatory, marketing and distribution expenses related to the launch. Mr. Spearn also noted that the agreed performance levels on the part of Vida further reinforce their commitment to the commercial success of this agreement.
“Vida is 100% committed to this innovative screening platform. There are almost 212 million Brazilian people, where skin cancer is the most common form of cancer,” said Camata Candello, Vida’s CEO. There were over 100,000 cases of skin cancer diagnosed in Brazil between 2016 and 2017, and almost 6,000 were melanomas, the most aggressive form of the disease that has a high mortality rate. “This cancer does not need to be lethal and can be prevented through early detection. I believe this is a game changer. Brazil is a huge market opportunity for us,” continued Mr. Candello.
“We are always looking for solutions that are innovative and meaningful to invest in; as well they must have a major impact on the Brazilian people we serve. I can genuinely say that MedX’s DermSecureTM meets those criteria, and then some,” said Camata Candello.
“MedX’s DermSecure TM is a perfect solution for early detection of skin cancer,” he said. “We are deeply aligned with the largest distributors of hospital equipment in Brazil, we will be distributing throughout the national territory of Brazil, offering MedX’s rapid skin assessment technology to Public and Private Hospitals, Medical Clinics, Pharmacies, Dermatologists and Oncologists. We believe this technology will have a major impact on public health, and as such have implemented a marketing plan to provide the equipment to Brazil’s public health network for a fee in order to speed the rate of deployment throughout Brazil,” stated Camata Candello, Vida’s CEO.
About MedX
MedX, headquartered in Mississauga, Ontario, is a leading medical device and software company focused on skin cancer with its DermSecure™ telemedicine platform, utilizing its SIAscopy technology. SIAscopy is also imbedded in its products SIAMETRICS™, SIMSYS™, and MoleMate™, which MedX manufactures in its ISO 13485 certified facility. SIAMETRICS™, SIMSYS™, and MoleMate™ include hand-held devices that use patented technology utilizing light and its remittance to view up to 2 mm beneath suspicious moles and lesions in a pain free, non-invasive manner, with its software then creating real-time images for physicians and dermatologists to evaluate all types of moles or lesions within seconds. These products are Health Canada, FDA (US), ARTG and CE cleared for use in Canada, the US, Australia, New Zealand, the European Union and Turkey. MedX also designs, manufactures and distributes quality photobiomodulation therapeutic and dental lasers to provide drug-free and non-invasive treatment of tissue damage and pain. www.medxhealth.com.
About CBD Vida
The founders of CBD Vida Canada, combined with their CBD Vida LTDA partners in Brazil, form a partnership that brings decades of professional business development, training and experience. CBD Vida LTDA’s business relationships in Brazil are extensive and cover pharmaceuticals, medical clinics, and pharmacies, legal, regulatory, governmental, and private industry. These relationships provide a synergy between Brazil & Canada that will ensure expedited market entry for this life saving solution.
The partners understand the importance of Brazil on the world market, with it being the second largest importer of medical devices in the world. CBD Vida’s relationship with MedX and their rapid skin assessment solution, combined with their corporate & business experiences, will give the Brazilian population an opportunity to dramatically reduce the mortality rate currently being experienced by late the late detection skin cancer. CBD Vida LTDA has the capability and commitment to open the Brazilian market rapidly and help our fellow Brazilians with this preventable cancer.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This Media Release may contain forward-looking statements, which reflect the Company’s current expectations regarding future events. The forward-looking statements involve risks and uncertainties.
- Published in Life Sciences, MedX Health Corp., News Home, Technology
Cannara Biotech Appoints Jack Kay as New Board Director
Momentum Public Relations
Press Release: April 8, 2019
Cannara Biotech (“Cannara” or the “Company”) (CSE: LOVE FRA: 8CB), an emerging vertically integrated cannabis company focused on cultivation and cannabis-infused products, today announced the appointment of Jack Kay as a Director on Cannara’s Board, effective immediately. Mr. Kay is generally recognized as one of Canada’s leading pharmaceutical executives, having held senior positions in a number of firms, including CEO of Apotex.
“A strong and independent board is not only vital for a successful public company, it can serve as a competitive advantage in the battlefield of commerce and growth,” said Zohar Krivorot, President and CEO of Cannara Biotech. “We are thrilled to welcome Jack to Cannara, all of us are excited to learn from his insights and leadership. Jack’s track record of developing new products, launching them in Canada and elsewhere, nurturing global partnerships and spearheading a 10,000-person organization speaks for itself.”
“Like many Canadians, I’m both intrigued and excited about the prospects of cannabis to make a positive difference in the health and wellbeing of patients and non-patients alike,” said Jack Kay. “I look forward to having a more engaged role in this emerging sector, especially so with a company that has a compelling business plan and the commensurate resources to execute.”
Mr. Jack Kay, for 35 years, held various roles at Apotex Inc., including Chief Executive Officer, Chief Operating officer, President and Vice Chairman. He has 50 years’ experience in pharmaceutical management and sales. Mr. Kay has served on a number of pharmaceutical and biotech boards, including as the Chairman of Helix Biopharma Corp and Cangene Corp, and a director at Barr Pharmaceuticals Inc. He has also served in senior capacities for a number of industry and community organizations, including as the Chairman of Humber River Regional Hospital (Toronto), the International Schizophrenic Society, the Canadian Drug Manufacturers Association, the Canadian Schizophrenia Foundation and the Canadian Generic Pharmaceutical Association. Mr. Kay has degrees from both from the University of Manitoba and McGill University.
About Cannara Biotech
Cannara Biotech (CSE:LOVE) is building one of the largest indoor cannabis cultivation facilities (625,000 square feet) in Canada and the largest in Quebec. Leveraging Quebec’s low electricity costs, Cannara Biotech’s facility will produce high-grade indoor cannabis and cannabis-infused products for the Canadian and international markets.
The CSE nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
- Published in Cannabis, Cannara, Life Sciences, Marijuana, Medical Marijuana, News Home
Grown Rogue Issuance of Stock Options and Shares
Momentum Public Relations
Press Release: April 5, 2019
Grown Rogue International Inc. (CSE:GRIN | OTC: NVSIF) (“Grown Rogue” or the “Company”), is pleased to announce today that stock options have been granted to two consultants of the Company to purchase up to an aggregate of 650,000 common shares of the Company. The stock options are exercisable at a price of $0.44 per share with 150,000 of the options expiring on November 30, 2021 and 500,000 options expiring on January 1, 2022. In addition, the Company also issued a total 570,500 common shares to certain directors and officers and 241,818 common shares to a consultant, in each case, as compensation for services previously provided to the Company. The above-mentioned common shares and any common shares issued pursuant to the exercise of the stock options will be subject to a four month hold period expiring on August 6, 2019.
About Grown Rogue
Grown Rogue International (CSE: GRIN | OTC: NVSIF) is a vertically‐integrated, multi‐state cannabis company curating innovative products to provide consumers with the right cannabis experience. Each of Grown Rogue’s products and strains are categorized and marketed based on unique effects and designed for the full range of a consumers’ lifestyle. Grown Rogue is scaling the vertically integrated model into multiple states by incorporating best‐in‐class manufacturing facilities and a proprietary distribution platform based on Microsoft technology. Grown Rogue’s diverse cannabis product suite includes premium flower, patent‐pending nitrogen sealed pre‐rolls, oil and concentrates, and edibles featuring a partnership with world‐renowned chocolatier, Jeff Shepherd.
The Company is indirectly involved in the manufacture, possession, use, sale and distribution of cannabis in the recreational cannabis marketplace in the United States through its indirect operating subsidiaries. Local state laws where its subsidiaries operate permit such activities however, these activities are currently illegal under United States federal law. Additional information regarding this and other risks and uncertainties relating to the Company’s business are disclosed in the Company’s Listing Statement filed on its issuer profile on SEDAR at www.sedar.com. Should one or more of these risks, uncertainties or other factors materialize, or should assumptions underlying the forward looking information or forward‐looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected.
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
SOURCE Grown Rogue International Inc.
View original content: http://www.newswire.ca/en/releases/archive/April2019/05/c3397.html
Contact:
on Grown Rogue International please visit www.grownrogue.com or contact: Obie Strickler, Chief Executive Officer, obie@grownrogue.com; Jacques Habra, Chief Strategy Officer, jacques@grownrogue.com; Investor Relations Desk, Inquiries, invest@grownrogue.com
- Published in Cannabis, Grown Rogue, Marijuana, News Home