April 2020

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PharmaCielo Provides Details for Fourth Quarter and Year-End 2019 Results Conference Call

TORONTO, April 29, 2020 /CNW/ – PharmaCielo Ltd. (“PharmaCielo” or the “Company”) (TSXV:PCLO, OTCQX:PCLOF), the Canadian parent of Colombia’s premier cultivator and producer of medicinal-grade cannabis extracts, PharmaCielo Colombia Holdings S.A.S., advised today that it will be holding its fourth quarter and fiscal 2019 financial results conference call on April 30, 2020 at 9:00 a.m. ET. While the Company’s usual year-end audit process was delayed as a result of the ongoing COVID-19 pandemic, the Company will be filing its financial results tonight, April 29, 2020, consistent with the regulatory schedule.


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Medical Marijuana, Inc. Reports 2019 Fourth Quarter and Year-End Financial and Operational Results: Net Revenue Surpasses $75 Million, Increasing 26% Year-Over-Year and Positive Adjusted EBITDA

SAN DIEGO, April 29, 2020 /PRNewswire/ — Medical Marijuana, Inc. (OTC: MJNA) (the “Company”), the first-ever publicly traded cannabis company in the United States that launched the world’s first-ever cannabis-derived nutraceutical products, brands and supply chain, announced today financial results for the quarter and year ending Dec. 31, 2019, and provided an overview of recent operational highlights.


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Despite Ups and Downs, Cannabis Market Still Projected to Reach $89 Billion by 2024

PALM BEACH, Florida, April 29, 2020 /PRNewswire/ — It seems that as the global cannabis market continues to ebb and flow, its tentacles are reaching into traditionally unrelated markets such as cosmetics, biopharmaceuticals, food & agriculture and the beverages markets. The worldwide cosmetics market is projected at $758 billion by 2025; the global biopharmaceuticals market is estimated to reach $389 billion by 2024; the global food & agriculture technology and products market is estimated at $729 billion by 2023; and the worldwide food and beverage market is estimated to reach $9.5 trillion by 2022. These are fertile grounds for cannabis market expansion and M&A activity. The cannabis market itself, is projected to reach $89 billion by 2024 and to record a robust CAGR of 14.5% during that time. Mordor Intelligence says that the medicinal properties of cannabis, increasing the legalization of cannabis, and increasing advances in genetic development and intellectual property of cannabis are and will be the drivers in the market. Medicinal cannabis accounts for the majority share of the cannabis market revenues. Their report said that the increasing legalization of cannabis is and will continue to be the most important event to continue driving the market with the introduction of new consumer products in the pain relief, skincare, nutraceuticals, pharmaceuticals, agriculture, and veterinary fields. Major medical discoveries are triggering an eruption of new products in consumer-packaged goods (CPG) – reaching millions of consumers across different demographics – bringing CBD into the mainstream. Active cannabis companies in the markets this week include: Pressure BioSciences, Inc. (OTCQB: PBIO), Canopy Growth Corporation (NYSE: CGC) (TSX: WEED), Tilray, Inc. (NASDAQ: TLRY), Aphria Inc. (NYSE: APHA) (TSX: APHA), Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON).





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Dixie Brands 2019 Annual Results Filing Update

DENVER, April 28, 2020 /CNW/ – Dixie Brands Inc. (“Dixie” or “the Company”) (CSE: DIXI.U), (OTCQX: DXBRF), (Frankfurt: 0QV), one of the cannabis industry’s leading consumer packaged goods (“CPG”) companies, today announces that it will delay the filing of its audited financial statements and accompanying management’s discussion and analysis for the year ended December 31, 2019 and is relying on the filing extension provided by the Ontario Securities Commission on March 23, 2020, in response to the COVID-19 pandemic. The relief measures are contained in Ontario Instrument 51-502 entitled “Temporary Exemption from Certain Corporate Finance Requirements” (the “Exemption”).



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Global Cannabis Market To Hit $47 Billion By 2025

BOULDER, Colo., April 28, 2020 /PRNewswire/ — BDSA, the leading provider of cannabis industry market research, together with its partner Arcview Market Research, today announced that 2019 legal cannabis sales grew by 46% to $14.7 billion, a significant increase from the 16% growth of 2018 and the industry’s highest annual rate of growth to-date.


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IGNITE Launches Efforts To Stop The Spread Of COVID-19 Pandemic

LOS ANGELES, April 28, 2020 /PRNewswire/ — IGNITE International Brands, Ltd. (CSE:BILZ, OTCQX: BILZF) (“IGNITE” or the “Company”), a global consumer packaged goods brand, is ramping up efforts to help in the fight against the current coronavirus pandemic. Product donations and new COVID-19 response products have become priorities for the Company as it joins in the global effort to eradicate the virus.