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Profile Solutions Inc (OTCMKTS:PSIQ)’s Wholly Owned Subsidiary Helps It Earn 1500% Rise In Cannabinoid Revenue

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Profile Solutions Inc (OTCMKTS:PSIQ)’s wholly owned subsidiary, Elite Products International, Inc registered record-breaking growth in its sales thereby helping the parent company achieve $455, 570 revenues since inception. The announcement reported that the revenues for January-February 2018 were $142, 618.72 which were 1500% more as compared to the revenues of $9617.57 achieved during the same period last year.

The Chief Executive Officer of the company, Dan Oran said, “We’re very proud of the accomplishments we’ve made over the past 2 years working tirelessly to develop a tremendous line of quality CBD products including gummies, cookies, honey, pain cream, multi-vitamins, tinctures and pet pain.”Oran further added that the company’s focus in 2018 is to keep on working on new products, however; the main priority is generating revenues.

Profile Poised For Explosive Growth

He stated that the company’s 2018 product line was recently showcased at the Champs Trade Show at the Las Vegas Convention Center organized between February 19 and 21, 2018. The products were embraced, accepted and purchased at the show and the company is poised for explosive growth this year as it is trying out new and unique marketing strategies and embracing new opportunities with growth potential having ability to provide strong returns to the shareholders, said Oran.

The Champs Trade Shows have been an effort towards bringing the counterculture industry under one canopy since last eighteen years. With the growth in cannabinoid market, the shows have also experienced continuous evolution. Known for hosting premier exhibitors in the business and attracting industry retailers, consumers as well as leaders in huge number from across the globe, Champs Shows always attract Inventors and manufacturers regularly to display and launch their latest and the most advanced products. And this year, products of Profile were not only welcomed but received a tremendous response at the Show.

Profile Aims To Make Revenue Generation A Priority        

According to the CEO of Profile, the company moved into this year with the sole aim of prioritizing revenue generation and increasing its share in its new line of Cannabidiol (CBD) products in the industry that is continuously growing but is still in its embryonic state. Oran said that they are encouraged by the response the company’s product line and business strategies are getting.

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Smart Cannabis (OTCMKTS:SCNA) Forays Into Retail Sales Of Hemp And Cannabis To Enhance Growth And Reward Shareholders

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Smart Cannabis (OTCMKTS:SCNA) has forayed into the retail sales of hemp and cannabis to enhance the growth and boost value for the shareholders. It is on the backdrop of the recommendation of its Interim Chief Executive Officer, Mark Cheung, to enter the retail sales business because the company is already into a greenhouse business.

Smart Cannabis acquires Budding Botanicals

Smart Cannabis acquired Budding Botanicals as of October 1, 2019, and merged it with its subsidiary – Next Generation Farming Inc. Budding Botanicals is engaged in the sales of hemp and CBD products online. It is also selling these products through Southern Californian pop-up locations.

Mark said the company is pleased to unveil hemp and CBD retail operations. He further said this new initiative helps the company to enjoy rapid growth in cannabis and improve value for the shareholders going forward.

Builds Type 6 cannabis extraction facility

Next Generation Farming, a subsidiary of Smart Cannabis, entered a pact to construct a type 6 cannabis extraction facility. The new facility is to operate the sub-zero extraction methods. It will also develop software for managing online distribution.

Secures contract for expanding cannabis cultivation

Smart Cannabis has secured a contract for expanding the cultivation of cannabis in Yolo County, California. Its subsidiary – Next Generation Farming has recently revamped eight greenhouses in Yolo County and installed its Smart App. As part of the expansion contract, the company will expand the cultivation to 60,000 Sq. Ft. It will modify the facility to reduce the threat of airborne hemp seeds cross-pollination with the cannabis crops.

Smart Cannabis has previously retrofitted the greenhouse facility (24,000 Sq. Ft.) in Yolo County, California. It also equipped the facility with its Smart app technology to ensure the yield of high-quality cannabis in high volumes all over the year.

Adds Mr. Freitas to its advisory board

Smart Cannabis added Mr. Freitas to its advisory board in April 2019. He is working with its subsidiary – Next Generation Farming, since 2017. Freitas played a critical role in several of the projects. He contributes expertise in the field of construction, scheduling, cost estimation, design, site improvements, structures, and maintenance of buildings.

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The US FDA Supports Tetra Bio Pharma Inc (OTCMKTS:TBPMF) with A Favorable Letter Of Advice To Proceed With The Development Of QIXLEEF

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The US Food and Drug Administration has supported Tetra Bio Pharma Inc (OTCMKTS:TBPMF) with a favorable letter of advice to advance the development of QIXLEEF, which provides relief from uncontrolled pain for adults.

Shows commitment of US FDA

Chief Regulatory Officer and Chief Executive Officer of Tetra Bio, Dr. Guy Chamberland, said the company is excited to receive a favorable letter from advice (LOA) from the US FDA. It shows the commitment of the US FDA to give the nod for this botanical drug to cure chronic pain on achieving positive quality and human clinical data.

The LOA from the US FDA encourages Tetra Bio to advance the development of QIXLEEF to treat chronic pain in patients who have cancer. CEO also said LOA confirms the previous commitment of the FDA to develop and commercialize QIXLEEF to cure non-cancer pain and cancer pain as a second or third line of therapy.

FDA gives in-depth guidance to Tetra Bio

The US FDA gave in-depth guidance to Tetra Bio on January 26, 2017, on advancing QIXLEEF development. Now the recent LOA provides new guidance to Tetra Bio considering the safety and clinical progress of QIXLEEF concerning quality and effectiveness and issues the guidelines for approval to market the drug for non-pain and cancer pain indications.

Commenting on the receipt of LOA from the US FDA, Dr. Guy said the collaboration with FDA is excellent and helps the company to develop prescription drugs complying with laid out requirements for pharmaceutical products.

The demand for pain management is $130 billion

The demand for pain management across the world is expected to reach $130 billion by 2023 from $60 billion in 2016. The pain management drug list comprises medications for chronic back pain, cancer pain, fibromyalgia, neuropathic pain, Migraine, Postoperative Pain, and Arthritic Pain. Dr. Guy said the company is confident of developing QIXLEEF for pains beyond cancer pain. It can be used as a third or second-line therapy to get relief from pain.

Health Canada grants two OTC DINs

Health Canada has granted two over the counter drug identification numbers for Tetra Bio. The company will market the new drugs under the banner TERPACAN by mid-2020. It will also introduce these new products in Europe and the US markets this year.

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American Green Inc (OTCMKTS:ERBB) Expects To Post Revenues Of Over $500,000 In 2020 On Continued Demand For High CBD In The US

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American Green Inc (OTCMKTS:ERBB) is riding on continuous demand for high-quality CBD in the US. It expects to post revenues of over $500,000 this year. Several people in the US see CBD as a pain-relieving solution. Therefore, it expects to drive demand for the use of cannabidiol going forward.

The demand for CBD in the US is $2.75 billion

According to Nielsen, a data measurement authority, the demand for cannabidiol is expected to reach $2.75 billion in 2020. American Green is a reputable company to deliver high-quality CBD at affordable rates. It is backed by excellent customer service, competitive pricing, easy payment alternatives, and easy-to-use website.

Easy to select the right CBD product

Vice President (CBD sales worldwide) of American Green, Kevin Davis, said the American Green Store boasts over 100 premium products allowing the customers to choose the right product with ease. The customers can seek the help of an in-store service representative, live chat, email support, or phone support to choose appropriate CBD product.

Davis said the company is maintaining long-term relationships with its distributors and customers alike after opening the first store three years ago. He further said the company’s executives are helping the customers to select the right product to meet their needs via phone or email.

Affordable pricing

Customers are price conscious in the CBD space. American Green is enjoying the repeat customers because of affordable pricing. The company is maintaining the highest product quality despite selling at reasonable prices.

American Green Smart Vending Machines

American Green is excited that its Smart Vending Machines are purchased by Earthly Mist and installed at several Oklahoma dispensaries. LeJuan, a representative of Earthly Mist, said many customers its smart vending machines because they allow the dispensaries to add a self-checkout feature. Therefore, customers can enjoy the convenience and additional security with American Green Smart Vending Machines.

It has introduced a biometric feature in smart vending machines to allow only qualified customers. Earthly Mist can examine and track the sales using the smart vending machines, which comes with easy to navigate touch screen and robust interface. The company is pleased to use the world-class identification technology at its dispensaries.

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