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Trulieve Cannabis Corp (OTCMKTS:TCNNF) Reacts To Short-Seller Report

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Trulieve Cannabis Corp (OTCMKTS:TCNNF) says it has learned about the contents of the recently unveiled Short-Seller Report. The company has dismissed almost everything terming it a false and slanderous report. According to it, this is just of the many ploys to bring its stock down, and it won’t tolerate such acts.

Trulieve ‘s take on the report

The company says that it is proud of having a successful business backed up by leading analyst firms. It asserts that the best principles have always guided it as a publicly-traded company. Its financial progress gets reported regularly, and the figures are always accurate. It has always targeted serving the investment community with precise and accurate details.

It asses its facilities regularly to ensure everything is in the best condition. The same goes for its wide-ranging products. This company outlines that almost 230,000 customers have rated their products highly. Most of the customers that buy from the company come from Florida.

Company’s next line of action

Trulieve Cannabis asserts that it is not letting this pass. It will be pursuing legal action against the outlet. This company has been tracing the history and track record of the outlet. The company says that the outlet lacks a proper history and that its credibility is questionable. It lacks a proper grounding to asses cannabis companies, and the business looks forward to meeting it in court.

The Chief Executive Officer of Trulieve Kim Rivers has spoken about the matter. He has warned their investors about the outlet, saying it has some ill motives. It just wants to benefit from the decline in the company’s stock, according to the leader.

Rivers has expressed high levels of confidence in the company’s management team, saying that they seem unmoved by the allegations. The team will continue serving customers well as the company continues seeking legal action.

Rivers says that they won’t shift their focus from the production of high-quality flower that grows in its indoor facilities.

Trulieve is also unveiling Binske cannabis-infused olive oil tinctures that will come in wide-ranging flavors. It says that it relies on a certified organic olive orchard in giving its products the best flavors.

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GB Sciences Inc (OTCMKTS:GBLX)’s PD Formulations Show Positive Effect In Reducing Behavioral Changes In Patients Suffering From Dopamine Producing Neurons Loss

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GB Sciences Inc (OTCMKTS:GBLX) is encouraged by the PD (Parkinson’s disease) formulations effect on patients suffering from the loss of dopamine-producing neurons. Halifax based NRC’s Dr. Lee Ellis is performing the study using the PD formulations of GB Sciences on people suffering from low levels of dopamine-producing neurons. The company will conduct the final study on the mechanism of action using these PD formulations that help to provide relief for patients.

Human clinical trial begins next year

Director and Chief Scientific Officer of GB Sciences, Dr. Andrea Small-Howard, said the mixtures of GB Sciences are effective. Its most effective mixture has shown positive results in reducing the behavioral changes and brings back to the normal level when tests are conducted on animals. According to CSO, the PD formulation has shown almost negligible side effects. The company will include these preclinical results as a proof of concept when applying for investigational new drug application with the FDA. Following the nod of the US FDA, GB Sciences will begin a human clinical trial next year.

Reduced dopamine levels cause movement disorders

Reduced dopamine levels in the brain are responsible for movement disorders. The PD formulations, developed by GB Sciences, will protect the dopamine-producing neurons. It will activate the surviving to increase secretion of dopamine and compensates for the reduction in dopamine-producing neurons. The company will examine these effects of PD formulation in the final study.

Director and President of GB Sciences, Dr. Michael Farley, said positive preclinical trial shows CBD containing complex mixtures expect to cure Parkinson’s disease symptomology. He further said the company would conduct the human clinical trials using these effective PD formulations in 2020.

Signs a binding LOI to sell membership interests

GB Sciences has signed a binding LOI to divest 75% of the membership interests in its Las Vegas, Nevada production operation, and cultivation. Following the deal, GB Sciences will reduce its operational spending and produce working capital. It will also generate sufficient cash flow to concentrate on wellness and biopharmaceutical assets. Following this deal, GB Sciences will exit from cannabis production and cultivation. The company will receive $6 million that includes $3 million in cash and the balance promissory note.

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Puration Inc (OTCMKTS:PURA) Expects To Report Revenues Of $16 Million In 2020

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Puration Inc (OTCMKTS:PURA) expects to post revenues of $16 million in 2020 after it introduced the white label cannabis-infused beverage bottling business last week. The company will use its production experience, cannabis-infused beverage formulation, and the growing bottling capacity to clinch a bigger share of the beverage sector worldwide.

Puration has already expanded production capacity and putting in efforts to receive white label contracts. The company will reveal the exact revenue target for the next year within ninety days after assessing the white label contract’s potential.

Confirms target of $4 million for 2019

Puration has confirmed the revenue target for 2019 at $4 million. It has set an initial target of $8 million for 2020. The company has set both the targets considering the ongoing expansion of sales of EVERx Sports Water and its current manufacturing.

Puration has introduced EVERx Sports Water at Arnold Sports Festival three years back. It has expanded the marketing efforts for its EVERx Sports Water across the world by taking part in Arnold events in Europe, Africa, and the US. The leading CBD infused beverage – EVERx is now distributed in Latin America, Africa, the US, and Europe.

Raises target to $16 million in 2020

Puration has revised the initial revenue target of $8 million for the next year to $16 million, considering the recent business expansion. With the progress of expansion in Latin America, Europe, and the US, the company is expecting to distribute EVERx in Canada. The company expanded its production capacity in the past several months through alliances and acquisitions. Demand for CBD beverages is expected to reach $1.4 billion by the year 2023.

First CBD Beverage Bottling Contract From Overseas

In Europe, Puration has entered a pact to start bottling EVERx CBD Sports water. The company acquired a firm for bottling in Europe. It is part of the company’s efforts to improve the bottling capacity across the world.

Puration signed a distribution accord in Europe and expects to report sales of $4 million from this initiative next year. To achieve sales exceeding $4 million needs the establishment of a bottling plant locally. The market for CBD in Europe is expected to reach $17 billion by the year 2023.

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Micron Waste Technologies Inc. (OTCMKTS:MICWF) Suspends Cannavore Waste Digester System Development

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Micron Waste Technologies Inc. (OTCMKTS:MICWF) has suspended the development of the Cannavore digester system because of changing market needs. It has completed a prototype of Cannavore, which is capable of processing cannabis waste, and the resultant is clean water.  The company has abandoned the project because of a lack of funding from the cannabis industry.

Organivore organic food waste digesting system

Dr. Bob Bhushan, the Director and founder of Micron, has led the development of the Organivore™ organic food waste digester system.

Applies for patent

The board of Micron will use 2.5 million shares of Palladium One Mining Inc and working capital of $3 million for strategic value acquisitions. The company applied for a patent for its Pharmavore System. Micron’s patent application covers the treatment of waste that comprises illicit substances, pharmaceuticals, and drugs. It will use the system to process waste seized by law enforcement during transit. The company will conduct a feasibility study on the prototype of the system in Q1 2020.

Changes in management

According to a communiqué from Micron, Alfred Wong, CEO and President, and Cam Battley, a Board member and Audit Committee chair, will demit the office. Micro expressed gratitude to Wong and Cam for their guidance and leadership and wished them a bright career ahead.

Micron’s chairman, Kal Malhi, will act as an interim president and CEO with effect from January 2, 2020, until alternate arrangements are made. It has appointed Michael Malana to Director Board with immediate effect. Michael will also act as the Chair of the Audit Committee. Michael will contribute over 15 years of experience in financial and accounting services and administration. His present stint is as Chief Financial Officer at Growmax Resources Corp.

An article in CFN Media Group

CFN Media Group featured an article on Micron and a technical solution developed by the company to solve solid waste disposal problems. High volumes of cannabis waste are causing an environmental problem because growers dispose of biomass that comprises sub-optimal flowers, stems, and trimmed leaves. The wastewater released from cannabis operations is also causing havoc and contaminating the environment. Micron has come with a solution called Cannavore to address this growing menace. The waste processing system comprises an effluent treatment system, digester, and automated shredder. It consumes cannabis waste and produces clean water.

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