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Green Organic Dutchman Holdings Ltd (OTCMKTS:TGODF) Gains Access To 340 Retail Locations: Fulfills Shipment Of Orders From Manitoba, Alberta, And Nova Scotia

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Green Organic Dutchman Holdings Ltd (OTCMKTS:TGODF) has gained access to three hundred and forty new retail locations by significantly expanding its distribution presence in Canada. It will ship the orders received from Nova Scotia, Manitoba, and Alberta this month. Green Organic also owns 24 stores in Ontario. The company also introduces two new strains in Ontario. It is also introducing an organic cannabis certification program, first of its kind, for the budtenders. Green Organic is also exploring options to expand the distribution to new areas and add new product formats and strains with the increasing production volume.

Distribution of organic cannabis products

Vice President (sales) of Green Organic, Mike Gibbons, said the company expects to start distribution of organic cannabis products, which are premium certified, to new provinces and introduce innovative strains. Retailers nationwide wait eagerly to receive high quality and premium dried flowers in large quantities to meet the growing demand. The company is on track to distribute premium organic cannabis products across Canada in Q1 2020.

The organic cannabis certification program

Green Organic is introducing an organic certification program for the budtenders to solidify its position in the organic segment. The new program helps to improve awareness of using organic product benefits. It offers education in-person to each retailer location that sells Green Organic products. More than 150 budtenders in Ontario also received organic certification. The company is also undertaking in-store activations nationwide. It is helping the consumers to understand the benefits of buying organic cannabis products. The company expects to host 40 in-store conversions by the end of this year.

Business highlights

Green Organic continues the construction of its facilities in Valleyfield and Ancaster, with an investment of $104 million in Q3 2019. In October 2019, the company rolled out an operating and construction plan with more thrust on Valleyfield facility. It maintains an operation to cater to the growing needs quickly. The phase 1 of the Valleyfield construction comprises 6 zones, and its produce will be processed at Ancaster facility.

Green Organic commissioned phase 2 indoor cultivation facility (20,000 Sq. Ft) at Ancaster and began growing operations. It also completed the construction of a hybrid greenhouse (101,000 Sq. Ft) at Ancaster in October 2019.

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Zenabis Global Inc (OTCMKTS:ZBISF) Posts Cannabis Revenues Of CAD $12.6 Million In Q1 2020

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Zenabis Global Inc (OTCMKTS:ZBISF) reported an increase of 18% in revenues in Q1 2020. It is on the backdrop of surging cannabis sales. The company expects to report continued growth going forward because of an improved footprint in the global markets and enhanced penetration into provincial markets. Zenabis has achieved cost savings of $10 million in each quarter and helps to grow business. It expects to realize the benefits of cost reductions in Q2 2020.

Developments in Q1

Zenabis produced vape cartridges for use with Era vapor devices of Pax Labs Inc initially. The company has sold vape cartridges from the initial run to three regional distributors.

Health Canada grants an export license to Zenabis

Health Canada has issued an export license to help Zenabis export cannabis in Q1 to the EU. The company shipped the first consignment to a partner in Malta in April 2020. It also fulfilled the PO received from an Israel based certified importer for bulk dried cannabis in May 2020.

As part of cost-cutting measures, Zenabis downsized its workforce by 22% at its head office and cannabis operations. The company’s Atholville facility has received nod of EU-GMP and expects to begin exports to the EU in Q3 2020. It also received approval from Health Canada for additional processing and growing regions at Zenabis Langley.

CEO of Zenabis, Kevin Coft, said the company is proud to receive EU-GMP approval together with Natrix Sciences Ltd, a partner based in the EU, and ZenPharm Ltd. The EU-GMP nod allows the company to ship medicinal cannabis in large quantities to the EU. ZenPharm can satisfy the demand of European customers, with high-quality medical-use cannabis. Zenabis holds a stake of 43.5% in ZenPharm, which is a JV formed with Natrix.

Annual packaging capacity – 7000 kg

The annual packaging capacity of ZenPharm is 7,000 kg. The company has to improve the packaging capacity to satisfy the demand in the EU as per shareholders’ undertaking. ZenPharm is negotiating with several potential clients in the EU to begin shipments.

Vice President (Strategic Development) of Zenabis, Olen Vanderleeden, said the association with ZenPharm provides an opportunity to sell medical cannabis in the EU and boost revenues.

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ENDEXX (OTCMKTS:EDXC) Reports An Increase Of 91% in Q2 2020 Revenues: Takes Over Retail Pro Associates

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ENDEXX (OTCMKTS:EDXC) reported revenues of $1.3 million (an increase of 91%) in Q2 2020. It is on the backdrop of improved sales of cannabidiol products, mainly Premium Blue topical and improved sales activity in e-commerce and wholesale channels. Premium CBD products are available at 6,000 retail stores across the nation.

Flexible e-commerce platform

Endexx, which has business as CBD Unlimited, introduced an e-commerce platform that allows customers to control their subscription models. The customers can either delay or extend the subscription when reordering. CBD Unlimited customers are flexible in experimenting with products and dosages. The customers can know more about the best product dosage suitable for them and choose the wellness products for ordering. They can also order online and choose a pick up from their nearest location.

Expands store count in Q2

CBD Unlimited increased the number of stores in Q2 to provide super-premium and premium products. Its R&D team is undertaking initial testing of forthcoming Trail-R-Mix equine products, which will be introduced towards the end of this year. The company expects to expand the store count over the long term to more than 100,000. As part of its strategy to promote growth across the world, the company signed accords with distribution partners in the Caribbean, North America, and the Polynesian markets.

Purchases Retail Pro Associates

CBD Unlimited has taken over Retail Pro Associates Inc (RPA) in May 2020. The acquisition allows the company to focus on the distribution and sales of good quality supplements for the animals. It expects to strengthen and grow its Pet and Equine product lines by adding a management team with expertise in the Pet and CPG industry.

CBD Unlimited selected RPA considering the knowledge of the management team in health and total wellness products. Vice President (Marketing and Sales) of RPA, Stephen Herron, will play a vital role in promoting Equine and Pet divisions of CBD Unlimited.

Herron will share his experience in drug, food, and mass retail channels to guide the team at RPA. CEO and Chairman of CBD Unlimited, Todd Davis, will lead the management to promote growth.

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Marijuana Company Of America Inc (OTCMKTS:MCOA) Updates On JV Project In Oregon: Reports Revenues Of $695,096 From Its hempSMART Products

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With the state of Oregon allowing essential services during COVID-19 pandemic, Marijuana Company Of America Inc (OTCMKTS:MCOA) managed to operate its hemp farm without any disruptions taking the help of CBA (Covered Bridge Acres). CBA adopted all safety measures to ensure hassle-free operation of the farm.

Satisfies flower and biomass demand

CBA is engaged in growing high cannabidiol hemp since acquiring the Scio farm in the year 2018 and satisfies the demand for flower and biomass. However, the sales of these products are sluggish because of the coronavirus crisis and excessive production in 2019. To promote growth, CBA will focus on growing high-quality cannabigerol (CBG) flower at its greenhouses. CBG flower satisfies the demand for a smokable flower segment.

Production of smokable buds

CBA will utilize SCROG cultivation method to grow hemp and allow the average production of up to 90% tops from each plant. The company will produce smokable buds by trimming the tops. It will apply high-quality nutrients at the right time to improve the development of aromatic and dense buds used in the final product. The company aims to maintain leadership in the Smokable cannabigerol flowers and meet the growing demand. Though CBA booked initial sales of biomass in 2019, coronavirus has impacted the marketing of other products. The company is exploring opportunities to book sales in other areas.

Reports a year-on-year growth of 175.7%

Marijuana Company has reported revenues of $695,076 in 2019. It represents a year-on-year growth of 175.7%. The company’s assets dropped to $1.143 million (down 40.4%) in 2019.

Substantial savings on hempSMART products

hempSMART is offering its products at a discounted rate allowing customers to enjoy significant savings. The country is reopening its economy on a cautious note, and people who emerge from their homes, can strengthen their immunity and keep away illnesses. When the customers shop at its site, hempSMART donates a small portion of the sales to support nurses, doctors, first responders, and hospital workers every week.

HempSMART Global is developing its innovative digital platform that supports hemp products for a wider base of consumers. On an ongoing basis, the company supports philanthropic partnerships.

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