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ENDEXX CORPORATION COM (OTCMKTS:EDXC) Attracting Investor Attention

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ENDEXX CORPORATION COM (OTCMKTS:EDXC) has been attracting a significant amount of attention from the investors and the media, during the past month. The company recently initiated a doctor supervised clinical trial, in order to test the efficacy of the company’s proprietary Hemp capsules, in sufferers of neurophatic pains. Moreover, EDXC CEO, Todd Davis, was featured on a radio program, Intelligent Medicine, hosted by Dr. Ronald Hoffman.

ENDEXX has chosen four different locations, where the study would be conducted, where twenty patients would be enrolled. The study is expected to last for a period of one month and would assess the reduction of neurophatic pains in the patients. The company revealed that the drug would be administered twice a day and contains cannabidiol as the main ingredient. Once the study has been completed, the results would be sent to an independent peer review board for approval.

Two of the four supervisors in the study, Dr. Daniel Kiddy and Dr. Daniel Brandwein, had previously conducted similar studies, with their patients. Their work had demonstrated a reduction in neurophatic pain, amongst patients, who were administered 4-5 drops of Hemp-rich hemp oil, two times a day. The study had been carried out for two weeks and resulted in the reduction of pain from 7-8 to 3-4, on a pain scale of 1 to 10.

Prior to the announcement of the study by EDXC, Dr. Kiddy was also present at the radio show, with Mr. Davis. The program had focused on the politics, medical applications and the ongoing legal battle regarding Hemp. Dr. Kiddy shared the experiences of his patients, who had been a part of his study, while Mr. Davis shared his insight about the applications of Hemp and the need for extensive medical research into the drug.

ENDEXX CORPORATION COM (OTCMKTS:EDXC) gained 2.77% during the May 4 trading session, in terms of share value, to reach a close at $0.0334, after having a trade volume of 562,841 shares.

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Cannabis Control Commission Grants License To Curaleaf Holdings Inc (OTCMKTS:CURLF) To Inaugurate Retail Dispensary In Massachusetts

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Massachusetts Cannabis Control Commission has granted final license approval to Curaleaf Holdings Inc (OTCMKTS:CURLF) to inaugurate an adult-use cannabis dispensary at 124 Street in Ware, Massachusetts. The company expects to schedule the post-final inspections to inaugurate adult-use location by early March this year.

Opened first adult-use location in November 2019

Curaleaf has inaugurated its adult-use retail cannabis location in November 2019 in Oxford, Massachusetts. On January 29, 2020, the company opened the second adult-use location in Provincetown. It also established medical use cannabis facility in Hanover.

Reliable and high-quality medical use products

Chief Executive Officer of Curaleaf, Joseph Lusardi, said the company’s main strategy is to provide reliable and high-quality medical use cannabis products to the customers and patients in Massachusetts. The company is pleased to open a third adult-use retail cannabis dispensary in the commonwealth of Massachusetts.

Adds twenty new jobs

Patrick Jansson, President of Curaleaf Massachusetts, said the company will add twenty new jobs and contribute to the local economy. It yearns to establish a positive and impactful relationship with the local community. The company is pleased to bring its business to the Ware, Hampshire County. Curaleaf operates 53 dispensaries in the US.

Announces Expiration of waiting period for Grassroots

Curaleaf said the waiting period under the HSR (Hart-Scott-Rodino Antitrust Improvements Act of 1976) has expired to take over GR Companies, Inc. (“Grassroots”). Both the firms will work together to obtain state and regulatory approvals and complete the transaction in spring 2020.

Joseph said the company is excited to achieve milestones because it strives to acquire Grassroots. Following the takeover, Curaleaf expects to establish a strong presence in the Midwest. The customers and patients can get access to its industry-leading brands. Curaleaf will continue to focus on executing its strategy and enjoy the benefits of brand recognition and greater scale in the new and existing markets.

Grassroots is engaged in the sale of reliable cannabis products that improve the lives of people from all backgrounds. The customers can enjoy a unique, education, and wellness-focused dispensary experience. It holds facilities in Maryland, Michigan, Vermont, Ohio, Oklahoma, Pennsylvania, Nevada, Illinois, Connecticut, Arkansas, and North Dakota.

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Starseed Medicinal Inc, A Subsidiary Of WeedMD Inc (OTCMKTS:WDDMF), Becomes A Preferred Supplier Of Medical Cannabis To myHSA Program Participants In Canada

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Starseed Medicinal Inc, a subsidiary of WeedMD Inc (OTCMKTS:WDDMF), has become a preferred supplier of medical cannabis to the myHSA program in Canada. Around 51,000 people take part in this program. myHSA operates a digital wellness and reimbursement program with the help of more than 8,500 employers. The digital platform of myHSA provides an easy to navigate and interactive menu.

Employers ensure healthy living of employees

Several employers have recognized the need for ensuring healthy living for their employees. Chief Executive Officer of WeedMD, Angelo Tsebelis, said the company is excited to enter into a pact with myHSA because it looks for access to quality cannabis for more than 51,000 participating members. The eligible participants of myHSA can now access the patient portals of WeedMD and the full patient medical cannabis program. myHSA’s participants can claim reimbursement.

Top-quality products to employees

Chief Executive Officer of myHSA, Tim Kane, said the company needs to ensure that its employees are in full control of their wellness journey. Hence, it partners with Starseed, which offers high-quality cannabis products, to provide top-quality products to its employees. The company has developed a platform that allows the participants to prudently spend their dollars on wellness benefits.

Receives award for best places to work 2020

WeedMD has received an award from the London Inc. Magazine for best places to work in 2020 among the largest businesses. Editor and founder of London Inc. Magazine, Gord Delamont, said these awards are presented to employers in the Southwestern Ontario region in recognition of their efforts to creating the best working environment. It congratulates WeedMD for promoting a trusted and positive work environment that motivates the employees to produce quality products.

Shareholders give nod for $25 million investment

WeedMD is pleased to announce that its shareholders gave the nod for the subscription receipts exercise from LiUNA pension of Eastern and Central Canada and the private placement for $25 million gross proceeds. Hence, the subscription receipts will be converted into 23.079 million common shares of WeedMD. Executive Chairman of WeedMD, George Scorsis, said the shareholders’ approval and for the equity investment of $25 million has strengthened the balance sheet.

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Innovative Industrial Properties Inc (NYSE:IIPR) Acquires Toledo, Ohio processing facility And Leases Back To Green Thumb Industries Inc (OTCMKTS:GTBIF)

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Innovative Industrial Properties Inc (NYSE:IIPR) has acquired Toledo, Ohio processing facility from Green Thumb Industries Inc (OTCMKTS:GTBIF) in a deal valued at $2.9 million. The company will lease back the facility to Green Thumb under a long term accord. Green Thumb will continue to operate the facility.

Green Thumb to improve production capacity

Green Thumb will make improvements to the facility to enhance the manufacturing facility. In return, Innovative Industrial will make a payment of up to $4.3 million. Therefore, Green Thumb will receive a total amount of $7.2 million from Innovative Industrial. It is the second transaction of Innovative Industrial with Green Thumb. The company already purchased and leased back property that comprises cannabis cultivation/ processing facility based in Danville, Pennsylvania to Green Thumb in November 2019.

Uses funds for capacity expansion

Chief Executive Officer and founder of Green Thumb, Ben Kovler, said Innovative Industrial offers a real estate solution, which is flexible, to meet its expansion requirements at the Toledo processing facility. Green Thumb will use the funds for capacity expansion and strategic initiatives.

Green Thumb operates four Rise Stores

Green Thumb also owns and manages four Rise stores in Lorain; Cleveland; Lakewood; and Ohio in Toledo. The company expects to inaugurate another store in Lakewood in Q1 2020. It already commenced sales of medical cannabis in Ohio last year. The company maintains a patient base of 80,000 as of December 2019. More than eight thousand caregivers are registered in the medical cannabis program in the state. It has clocked sales of $60 million in the first year. Green Thumb is dedicated to ensuring well being of the patients by providing safe and high-quality cannabis products.

Chief Executive Officer and President of Innovative Industrial, Paul Smithers said the company is pleased to join forces again with Green Thumb as a real estate partner for the medical cannabis processing facility of Green Thumb. Innovative Industrial is pleased with the commitment and strength of Green Thumb to local communities. According to Green Thumb, over two hundred equity applicants took part in its LEAP (Social Equity Licensing Education Assistance Program).   The branded cannabis products of Green Thumb comprise Rhythm, Dog Walkers, Incredibles, Beboe, and the Feel Collection.

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