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The Biden Presidency Looks To Be Installing Several Pro-Cannabis People Into Key Roles In Government

After Kamala Harris was nominated to be President Elect Joe Biden’s running mate, we knew that brighter days were ahead for the cannabis industry……..and the market seemed to agree with us. After Joe Biden was projected to win the election, the cannabis sector recorded strong moves to the upside for almost two months. Although the […]

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After Kamala Harris was nominated to be President Elect Joe Biden’s running mate, we knew that brighter days were ahead for the cannabis industry……..and the market seemed to agree with us.

After Joe Biden was projected to win the election, the cannabis sector recorded strong moves to the upside for almost two months. Although the sector has come off its recent highs, we believe the recent additions to President Elect Joe Biden’s cabinet send a very bullish sign to the cannabis industry.

During the last month, President Elect Joe Biden has announced several key cannabis-friendly additions to his cabinet. When you combine the democrats winning two key senate seats in Georgia (and became the majority of both the House of Representatives and the Senate) with the recent additions to the cabinet, we believe that the US cannabis industry is going to flourish.

Most recently, President elect Joe Biden selected former South Carolina Democratic Party Chair Jaime Harrison to lead the Democratic National Committee (DNC). He is a strong supporter of cannabis legalization and will be responsible for coordinating Democrats’ national political activities. Harrison still needs to be confirmed by party leaders, but we are confident that he will.

When Harrison ran for a Senate seat in South Carolina, he said that the US should legalize, regulate and tax cannabis like alcohol and tobacco. We are favorable on his appointment and believe that his views on cannabis will be reflected in the Democrats’ national political activities.

While we can hope for the legalization of cannabis the federal level, we believe the new administration (and government) will quickly pass cannabis decriminalization legislation. If we see cannabis decriminalized, we believe that companies will quickly notice significant margin appreciation. If cannabis is decriminalized, 280 E should be revoked, and this would prove to be a substantial catalyst for companies.

280E is the worst legislation we have ever seen in any industry. The rule does not allow companies to deduct basic business expenses and makes it much more challenging for operators to reach profitability. We believe the revoking of 280E is inevitable and is something that our readers should be aware of.

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Michael Berger

Michael Berger is Managing Partner of StoneBridge Partners LLC. SBP continues to drive market awareness for leading firms in the cannabis industry throughout the U.S. and abroad.

Source: https://technical420.com/cannabis-article/the-biden-presidency-looks-to-be-installing-several-pro-cannabis-people-into-key-roles-in-government/

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Namaste Technologies Announces CannMart.com is LIVE in the USA

Namaste Technologies Inc. (“Namaste” or the “Company”) (TSXV: N) (FRANKFURT: M5BQ) (OTCMKTS: NXTTF) a marketplace platform for cannabis and wellness products, is pleased to announce that www.CannMart.com is live in the USA offering Americans hemp derived CBD and smoking accessories. Namaste is excited to be leveraging its VendorLink technology in collaboration initially with DankStop and PeakBirch Logic, Inc., and looks […]

The post Namaste Technologies Announces CannMart.com is LIVE in the USA appeared first on Technical420.

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Namaste Technologies Inc. (“Namaste” or the “Company”) (TSXV: N) (FRANKFURT: M5BQ) (OTCMKTS: NXTTF) a marketplace platform for cannabis and wellness products, is pleased to announce that www.CannMart.com is live in the USA offering Americans hemp derived CBD and smoking accessories. Namaste is excited to be leveraging its VendorLink technology in collaboration initially with DankStop and PeakBirch Logic, Inc., and looks forward to adding more partners to the platform.

The announcement of this expansion in the USA underscores Namaste’s intention to increase its total addressable market and exploration into other verticals and geographies as regulation evolves and other adjacent complementary market opportunities present themselves.

“With ever stronger signals that the regulatory landscape in the USA is evolving, our entry into the jurisdiction through the sale of hemp derived CBD and accessories will position us strategically to begin capturing new market share and build a first mover advantage if and when cannabis becomes legalized federally,” said Meni Morim, CEO of Namaste. “This development also further validates our investment in technology, as the expansion will be facilitated via our marketplace technology. We look forward to building on this positive momentum as we continue to execute our strategy to position Namaste as a leading global cannabis and wellness company.”

“Our goal will be to aggressively expand our footprint into the USA as we scale up our marketplace platform,” said Chad Agate, CTO and VP of Marketplace at Namaste. “We are not growing or exporting products from Canada into the USA, we are simply carving out our role as the facilitators using CannMart.com and our VendorLink platform. American and other companies that wish to sell legal products in the USA can now use our innovative platform to conduct business similarly to Amazon. We look forward to adding more partners selling their innovative products throughout the USA.”

For companies looking to expand their presence on our marketplace platform please contact us via the following link: https://cannmart.com/sell-on-cannmart

About Namaste Technologies Inc.

Headquartered in Toronto, Canada, Namaste Technologies is a marketplace platform for cannabis and wellness products. At CannMart.com, the Company provides Canadian medical customers with a diverse selection of hand-picked products from a multitude of federally licensed cultivators and US customers with access to hemp-derived CBD and smoking accessories. The Company also distributes licensed and in-house branded cannabis and cannabis derived products in Canada through a number of provincial government control boards and retailing bodies and facilitates licensed cannabis retailer sales online in Saskatchewan. Namaste’s global technology and continuous innovation address local needs in a burgeoning cannabis industry requiring smart solutions.

Information on the Company and its many products can be accessed through the links below:

NamasteTechnologies.com

NamasteMD.com

Cannmart.com

About DankStop

DankStop is the one of the world’s largest and fastest growing online smoking supply retailers. Nothing like your ordinary headshop, DankStop is the quickest, cheapest, and easiest way to get the best smoking supplies delivered discreetly to your door. With an industry leading and innovative website, dedicated support team, and the biggest product selection available online, DankStop has single-handedly raised the bar for the online smoking supply industry since 2014. From humble beginnings, our co-founders started DankStop in “moms basement”​. Our founding vision was to remove the “sketchy”​ stigma from the headshop industry by providing high quality, low priced products in a simple and transparent manner. Leveraging our in house technology, we now offer a variety of B2B services for the Cannabis industry in addition to our retail websites ranging from drop shipping to third party logistics. Information on the Company and its many products can be accessed through: www.dankstop.com

About PeakBirch Logic, Inc.

PeakBirch is a cohesive ecommerce technology group scaling multiple online businesses to become internationally successful brands. With a strong focus on consumer journey, deep analytics and AI powered trend analysis PeakBirch unlocks the true growth potential of customer-centric brands by providing revenue acceleration with customer experience optimization via a lean platform. Through a combination of the latest digital best practices and a proven team, PeakBirch Logic is committed to generating significant and sustained return on investor capital over the long-term.

Information on the Company can be accessed through: www.peakbirch.com

For more information please contact:
Namaste Technologies Inc.
Meni Morim, CEO
Edward Miller, VP Investor Relations
Ph: 647-362-0390
Email: ir@namastetechnologies.com

FORWARD-LOOKING INFORMATION – This news release contains “forward-looking information” within the meaning of applicable securities laws. All statements contained herein that are not historical in nature contain forward-looking information. Forward-looking information can be identified by words or phrases such as “may”, “expect”, “likely”, “should”, “would”, “plan”, “anticipate”, “intend”, “potential”, “proposed”, “estimate”, “believe” or the negative of these terms, or other similar words, expressions and grammatical variations thereof, or statements that certain events or conditions “may” or “will” happen. The forward-looking information contained herein, including, without limitation, statements related to Namaste’s entry into the United States markets for smoking accessories and hemp-derived CBD via CannMart.com,, Namaste’s ability to leverage its VendorLink technology in collaboration with DankStop and PeakBirch Logic, Inc., Namaste’s proposed expansion efforts, and the likelihood of legislative change in the United States. Such statements are made as of the date of this press release and are based on assumptions that management believed to be reasonable at the time, including, without limitation, Namaste’s ability to ensure compliance with applicable state and federal laws with respect to the sale of smoking accessories and hemp-derived CBD in the United States, Namaste’s ability to leverage its VendorLink technology in collaboration with DankStop and PeakBirch Logic, Inc., anticipated continued improvements to the regulatory landscape for the sale of cannabis, associated products and accessories that will benefit Namaste’s business in the United States and globally, Namaste’s beliefs regarding the expected demand in the future for cannabis products and current demand for accessories and hemp derived CBD products and the expected growth of these market globally, results of operations, operational matters, historical trends, current conditions and expected future developments, as well as other considerations that are believed to be appropriate in the circumstances. While we consider these assumptions to be reasonable based on information currently available to management, there is no assurance that such expectations will prove to be correct. By its nature, forward-looking information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. A variety of factors, including known and unknown risks, many of which are beyond our control, could cause actual results to differ materially from the forward-looking information in this press release. Such factors include, without limitation: the failure to achieve the intended sales results and benefits from the Company’s expansion efforts, regulatory risk both in the United States and globally, including in particular regulations not evolving in a manner to that would benefit Namaste’s business, risks relating to the Company’s ability to execute its business strategy and plans and the benefits realizable therefrom and risks specifically related to the Company’s operations. Additional risk factors can also be found in the Company’s current MD&A and annual information form, both of which have been filed under the Company’s SEDAR profile at www.sedar.com. Readers are cautioned not to put undue reliance on forward-looking information. The Company undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release or has in any way approved or disapproved of the contents of this press release.

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Authored By

Michael Berger

Michael Berger is Managing Partner of StoneBridge Partners LLC. SBP continues to drive market awareness for leading firms in the cannabis industry throughout the U.S. and abroad.

Source: https://technical420.com/cannabis-article/namaste-technologies-announces-cannmart-com-is-live-in-the-usa/

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HempFusion Wellness Announces Broadening of Share Liquidity With DTC Full-Service Eligibility

HempFusion Wellness Inc. (TSX:CBD.U) (OTCQX:CBDHF) (FWB:8OO) (“HempFusion” or the “Company”), a leading health and wellness CBD company utilizing the power of whole-food hemp nutrition, is pleased to announce that its common shares have been approved for DTC full-service eligibility in the United States by the Depository Trust Company (“DTC”) and can now be both traded and serviced […]

The post HempFusion Wellness Announces Broadening of Share Liquidity With DTC Full-Service Eligibility appeared first on Technical420.

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HempFusion Wellness Inc. (TSX:CBD.U) (OTCQX:CBDHF) (FWB:8OO) (“HempFusion” or the “Company”), a leading health and wellness CBD company utilizing the power of whole-food hemp nutrition, is pleased to announce that its common shares have been approved for DTC full-service eligibility in the United States by the Depository Trust Company (“DTC”) and can now be both traded and serviced through DTC’s electronic book-entry system.

DTC is a subsidiary of the Depository Trust & Clearing Corp. (“DTCC”) that provides clearing and settlement services for the financial markets and settles the majority of securities transactions in the United States. This electronic method of clearing securities speeds up the receipt of stock and cash and thus accelerates the settlement process for investors and brokers, enabling the stock to be traded over a much wider selection of brokerage firms.

“By offering electronic settlement, DTC eligibility provides us with a larger platform to attract investors,” commented Jason Mitchell, N.D., HempFusion’s Co-Founder and Chief Executive Officer. “From online trading platforms to banks to brokerage firms, the full spectrum of investors can now access our Company resulting in more liquidity,” continued Dr. Mitchell.

ABOUT HEMPFUSION

HempFusion is a leading health and wellness CBD company utilizing the power of whole-food hemp nutrition. HempFusion distributes its family of brands, including HempFusion, Probulin Probiotics, Biome Research, and HF Labs, to approximately 4,000 retail locations across all 50 states of the United States and select international locations. Built on a foundation of regulatory compliance and human safety, HempFusion’s diverse product portfolio comprises 48 SKUs including tinctures, proprietary FDA Drug Listed Over-The-Counter (OTC) Topicals, Doctor/Practitioner Lines and more. With a strong focus on research and development, HempFusion has an additional 30 products under development. HempFusion is a board member of the US Hemp Roundtable, and HempFusion’s wholly-owned subsidiary, Probulin Probiotics, is one of the fastest-growing probiotics companies in the United States, according to SPINs reported data. HempFusion’s CBD products are based on a proprietary Whole Food Hemp Complex™ and are available in-store or by visiting HempFusion online at www.hempfusion.com or www.probulin.com.

Follow HempFusion on TwitterFacebook and Instagram and Probulin on TwitterFacebook and Instagram.

Neither the TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210226005095/en/

Contacts

Jason Mitchell, N.D.
Chief Executive Officer and Director
Email: ir@hempfusion.com
Phone: 416-803-5638

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Authored By

Michael Berger

Michael Berger is Managing Partner of StoneBridge Partners LLC. SBP continues to drive market awareness for leading firms in the cannabis industry throughout the U.S. and abroad.

Source: https://technical420.com/cannabis-article/hempfusion-wellness-announces-broadening-of-share-liquidity-with-dtc-full-service-eligibility/

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7 Key Takeaways From Innovative Industrial Properties Q4 Earnings Print

Although Innovative Industrial Properties, Inc. (IIPR) released quarterly financial results that showed impressive growth when compared to the same period last year, the market responded negatively to the announcement and pulled back after reporting earnings. During the quarter, the NYSE traded cannabis real estate investment trust (REIT) recoded impressive growth and we want to highlight […]

The post 7 Key Takeaways From Innovative Industrial Properties Q4 Earnings Print appeared first on Technical420.

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Although Innovative Industrial Properties, Inc. (IIPR) released quarterly financial results that showed impressive growth when compared to the same period last year, the market responded negatively to the announcement and pulled back after reporting earnings.

During the quarter, the NYSE traded cannabis real estate investment trust (REIT) recoded impressive growth and we want to highlight some of the most important data points from the quarterly financial report (for the period that ended on December 31st):

  1. Generated $27.1 million of revenue
  2. Recorded $21 million of net income
  3. Reported approx. $32.4 million of adjusted funds from operations (AFFO)
  4. Since October 1st, the company acquired 5 properties (California, Florida, Massachusetts and Washington) and executed seven lease amendments to make improvements at properties in Massachusetts, Michigan, NY, Ohio and Pennsylvania.
  5. Included in the acquisition of the five properties are four new properties and additional land to expand an existing property
  6. The cost associated with the 5 acquisitions, 7 lease amendments and a new lease at its Los Angeles property was $254.1 million in aggregate (consisting of purchase prices and commitments to fund future development and tenant improvements, but excluding transaction costs).
  7. As a result of the acquisitions, Innovative Industrial Properties has established new tenant relationships with leading United States multi-state-operators (MSOs)

There are several reasons for our bullish long-term view on Innovative Industrial Properties and we have highlighted a few key reason below:

  1. As of February 24, 2021, Innovative Industrial Properties owned 67 properties (have approx. 5.8 million rentable square feet) which were 100% leased with a weighted-average remaining lease term of approx. 16.7 years.
  2. As of December 31st, the cannabis real estate company has approx. $126 million of cash/cash equivalents and approx. $619.3 million of short-term investments. The company has a strong balance sheet and is well positioned to capitalize on the US cannabis real estate market
  3. From a geographic standpoint, we are favorable on the diversity of the assets that are owned by Innovative Industrial Properties. By focusing on limited license markets, the company is well positioned to benefit from medical and recreational cannabis markets in the US
  4. Since November, Innovative Industrial Properties has sold 1,762,500 shares from an at-the-market offering program and has generated approx. $262.9 million of net proceeds. The company expects to use the net proceeds to invest in specialized industrial real estate assets that support the regulated medical-use cannabis cultivation and processing industry.
  5. By strengthening the balance sheet and by forming strategic relationships with leading US MSOs, Innovative Industrial Properties is well positioned to record strong growth and improvements on a series of important financial metrics. The company has been steadily strengthening its balance sheet and can easily tap capital markets if it needs additional capital.

After Innovative Industrial Properties released fourth quarter financial results, the market initially responded negatively to the announcement and the shares are trading lower in the pre-market. We continue to believe that Innovative Industrial Properties represents an acquisition target for large REITs that want to enter the cannabis real estate industry.

If you are interested in learning more about the potential for Innovative Industrial Properties, please send an email to support@technical420.com with the subject “Innovative Industrial Properties” to be added to our distribution list.

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Authored By

Michael Berger

Michael Berger is Managing Partner of StoneBridge Partners LLC. SBP continues to drive market awareness for leading firms in the cannabis industry throughout the U.S. and abroad.

Source: https://technical420.com/cannabis-article/7-key-takeaways-from-innovative-industrial-properties-q4-earnings-print/

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