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US Energy Initiatives Corp Inc (OTCMKTS:USEI) issues An Update on Business Strategy for Q1, 2019

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US Energy Initiatives Corp Inc (OTCMKTS:USEI)’s subsidiary USEI Cannabis Initiative Corp has issued an update on business strategy and cannabis operations for Q1, 2019. The management of USEI is expected to examine the viability of ethanol extraction technology at MRX Xtractors before executing the purchase orders.

Chief Executive Officer of USEI, Anthony K Miller said the company has made considerable progress in the procurement of production equipment, building the team, assembling working capital, and strategies to cultivate cannabis. It has also accomplished considerable strides in sourcing feedstock, making strategic partnerships, equipment training, and acquiring consultants.

The company is aiming to become a top producer of cannabis in California and satisfy the demand for cannabis in the California market. The CEO is sure of achieving this target.

USEI Submits Application for 4 Cannabis Licenses

USEI has applied for obtaining four cannabis licenses. The company is well positioned to start the cannabis operations in the first quarter of 2019. The management of USEI will evaluate the new technology at MRX Xtractors in Oregon this week before releasing the purchase orders. The new technology will help the company to produce 10 times more volume of cannabis.

The company is all set to embrace the latest technology to meet the set production targets. USEI is currently evaluating Capna and MRX to select right ethanol extraction. The company is also looking for avenues to use cryptocurrency in its business strategy. The adoption of cryptocurrency offers great liquidity in Q1 and Q2 of 2019.

MRX Xtractors Introduces Latest Commercial Extraction Processing

MRX Xtractors has introduced MRX 100C extractor to facilitate the expansion of hemp and cannabis industry. The demand for extracted hemp and cannabis is growing at a fast pace. The previous technology is not sufficient to maintain the quality necessary to comply with regulatory requirements. Hence, the need arises for the latest CO2 extractor automated system. The MRX 100C is an all in one solution designed for 24 x7 operation. It provides continuous feed.

The company has developed this innovative system to ensure high volume production without compromising on quality. It provides the way for efficient utilization of energy, time, labor and production and is a game changer for the industry.

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First Foods Group Inc (OTCMKTS:FIFG) Unveils Its “Southeast Edibles” New Product Line

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First Foods Group Inc (OTCMKTS:FIFG) today disclosed details about the unveiling of its latest product called “Southeast Edibles.” This is a hemp-based premium chocolate product line and one of the company’s innovations. The business guru wants to make the product available for all the interested consumers.

First Foods and it’s business focus

First, Foods happens to be one of those companies that have been looking forward to the legalization of hemp-based products. The company has a production facility in Florida where it has been working on its chocolate edibles recipes. It has been engaging in this activity from March this year.

First Foods Group hopes that with time, it will rise to take over the market leadership. An official says that they won’t stop until they have the entire nationwide chocolate edibles market to themselves.

The business started strategizing on its success since July 1, 2019. This was the time when the governor of Florida went ahead to legalize hemp-based products. First Foods reacted promptly by unveiling its Southeast Edibles brand on August 9, 2019.

The deal with CBD Unlimited

The Company also engaged CBD Unlimited, and the two signed a letter of intent. CBD Unlimited happens to be researchers and also a top distributor of a wide array of CBD products. These products, according to it have been designed scientifically and the tests show that they should be administered in accurate dosages.

The CEO who is also the Chairman of the company Todd Davis opines, “First Food Group is a creative and emerging brand that will help drive our consumable product category as the growth of the CBD marketplace is accelerating rapidly.”

The company has been seeking to collaborate with a successful management team. The latest collaboration is a major step forward. They intend to continue supporting initiatives for targeting serving customers with great products.

The CEO & Chairman of First Foods Group Harold L. Kestenbaum believes it is crucial to vet the right partners. According to him, appropriate and befitting partners define the success levels they reach. He adds that they will also continue focusing on their marketing strategy and make enhancements.

CBD has a loyal customer base, an Unlimited’s scientific approach, and vast market access. These attributes make it an ideal partner for the company.

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General Cannabis Corp (OTCMKTS:CANN) Plans To Acquire A Denver Vertically Integrated Cultivator And Retailer

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General Cannabis Corp (OTCMKTS:CANN) is pleased to announce that it will soon make its latest acquisition. However, it first needs to make its entry into a non-binding term sheet. The target is to acquire a huge deal of assets belonging to one Colorado-based licensed recreational cannabis cultivator.

About the business deal

This Colorado business has been running some two indoor cultivation facilities. Asides from that, it has also been operating a retail cannabis dispensary which is situated in central Denver. This dispensary has risen to become one of the most trusted and successful dispensaries in Denver. Nevertheless, it prides itself in being the holder of a library of world-class cannabis genetics.

The Company has already signed the Colorado House Bill 1090 (“HB-1090”). Probably, this is the reason behind the latest activities the company has been undertaking. This law gives a leeway for the interested companies to acquire licensed cannabis companies in Colorado. The approval by the law might witness more companies follow suit in making these acquisitions.

Currently, the parties in charge are working on the various regulations in line with the implementation of the law. When finalized, the business giant reveals that it won’t hesitate in entering the binding transaction for the Business.

Focus into the future

General Cannabis has revealed its plan to purchase the Company’s common stock. These will include the company’s tangible and intangible assets. The business guru expects to pay 40% in terms of shares and sixty percent in form of cash. Focus will at some point shift to the number of common shares issued at closing. In this case, the determination will take into account the 30-day volume weighted average price.

The General Cannabis Chief Executive Officer and Executive Chairman Michael Feinsod expressed his excitement in the latest developments. He said that the acquisition of the third licensed Colorado cannabis operator was a major step forward for them. The official looks forward to the company expanding its business to central Denver. According to him, the planned move will show their dedication to an expansion strategy.

General Cannabis is set to also expand its customer base by a significant margin if all moves according to plan.

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Leafbuyer Technologies Inc (OTCMKTS:LBUY) To Create A Mobile App With Blockchain Capabilities

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Leafbuyer Technologies Inc (OTCMKTS:LBUY) today spoke at length regarding the development of a new mobile application. The company spent several months in the creation of the all-encompassing application. One top official working with the business says that they will soon give a Press release regarding the latest move.

The application

The uniqueness of the application lies in how it manages to merge the various aspects of functionality. These include Leafbuyer’s search technology and the current deals. The business guru has also designed some blockchain wallet capabilities. The purpose is to ensure that the company’s loyal customers get the most from the move.

The CEO of Leafbuyer Kurt Rossner opines, “Leafbuyer provides multiple technology solutions to help businesses in the cannabis industry to attract and retain consumers. The integration of blockchain technology within the mobile application will boost transparency and provide accessible information regarding transactions and loyalty points.”

Leafbuyer says that the hosting of its wide range of products on multiple platforms will see it generate high profits. The tablets at participating dispensaries, the Leafbuyer app, and the Greenlight app are all remarkable platforms according to analysts.

This new application is all about centralizing the experience of the various consumers. Soon, the application will be distributed via the iOS App Store and the progressive web application (PWA).

Views about the future

The COO of Leafbuyer, Mark Breen, has spoken in relation to the much-awaited rollout. The official says that they look forward to seeing their consumers interact much more easily with clients. According to him, the ongoing efforts on the connection develop a good reputation for the company. Sooner or later, Leafbuyer will become very important for product company clients and dispensaries across the country.

Most of the consumers are looking forward to the completion of this app. They say that it will make it a lot easier for them to search for deals and businesses. The other services they will enjoy include the ordering of their favorite products as well as getting other items delivered. Those consumers that need to keep track of their loyalty points will do it more easily.

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Trading Symbol

OTC: PLSI

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