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Cannabis Global Introduces 213 Solventless Labs with Focus on High Margin Cannabis Concentrates

Cannabis Global Introduces 213 Solventless Labs with Focus on High Margin Cannabis Concentrates

LOS ANGELES, CA / ACCESSWIRE / February 28, 2022 / Cannabis Global, Inc. (OTC PINK:CBGL), an innovation-oriented company investing in disruptive cannabis technologies, today announces an important enhancement to its cannabis manufacturing capabilities at its majority owned Natural Plant Extracts of California, which is located in Lynwood, a suburb of Los Angeles. The Company production capability, named 213 Solventless Labs, will specialize in producing solventless cannabis products like hash and rosin as well as solventless vape cartridges, and cannabis edibles. Operations have already begun with recent equipment installations.

“It is with great pride that we announce the production of super premium concentrates at our Lynwood facility,” CEO Arman Tabatabaei comments, “The art and science elements combined within this process allow us to produce some truly extraordinary products for the consumer cannabis markets.”

With the use of solventless concentrates, Cannabis Global is focusing on developing vertical integrations, but the ease of this process allows the Company to expand its production and manufacturing capabilities to fulfill the demand for other brands.

The Company’s solventless extraction methods use water, ice and heat to extract the desirable components from cannabis plants. This process doesn’t produce any byproducts or harmful chemicals found in other types of extracting solvents like butane, which can alter taste profile and affect the end-user’s experience with the product.

Consumers are increasingly turning to solventless products for three reasons: purity, taste and experience,” commented Arman Tabatabaei, CEO of the Company. “We do not have to remove the chemical solvents from these products as none are ever added. It’s just water, heat and pressure. Many consumers prefer the natural taste of solventless produced extracts and believe such products offer a superior user experience. We expect continued growth in the marketplace as consumers increasingly gravitate toward these high quality products.”

About Cannabis Global, Inc.

Cannabis Global, Inc. is a Los Angeles-based, fully audited and reporting Company with the U.S. Securities & Exchange Commission, trading under the stock symbol CBGL. We are an emerging force in the cannabis marketplace with a growing product and proprietary intellectual property portfolio. We are marketing and producing Comply Bag™, an innovative solution for cannabis storage, transport and tracking. Our subsidiary, Natural Plant Extract (NPE), is a Southern California licensed cannabis manufacturer and distributor which licenses our technologies to produce edibles for the cannabis marketplace. Cannabis Global has filed three non-provisional and multiple provisional patents for cannabis infusion and nanoparticle technologies and continues an active research & development program.

Forward-looking Statements

This news release contains “forward-looking statements” which are not purely historical and may include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities and words such as “anticipate,” “seek,” intend,” “believe,” “estimate,” “expect,” “project,” “plan,” or similar phrases may be deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects, the future U.S. and global economies, the impact of competition, and the Company’s reliance on existing regulations regarding the use and development of cannabis-based products. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission. For more information, please visit www.sec.gov.

Contact:

Arman Tabatabaei
IR@CannabisGlobalInc.com
+1 (310)-986-4929

IR Contact:

John Grosso
http://www.iconiconsulting.com/
+1 (424) 239-9521

SOURCE: Cannabis Global, Inc.

View source version on accesswire.com:
https://www.accesswire.com/690543/Cannabis-Global-Introduces-213-Solventless-Labs-with-Focus-on-High-Margin-Cannabis-Concentrates

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Cannabis Global CEO Discusses Corporate Momentum in Audio Interview with SmallCapVoice.com

Cannabis Global CEO Discusses Corporate Momentum in Audio Interview with SmallCapVoice.com

AUSTIN, Texas, Jan. 26, 2022 (GLOBE NEWSWIRE) — SmallCapVoice.com Inc. (“SCV”) announces the availability of a new interview with Cannabis Global Inc. (OTC Pink: CBGL) to discuss the Company’s rapid growth and competitive advantages in the cannabis market.

Speaking with SCV’s Stuart Smith, Cannabis Global CEO Arman Tabatabaei dives into the Company’s financial performance and expectations for the current quarter.

“We’re pretty proud of the way we’ve been able to conduct business over the past couple of quarters, as it’s very clear that we’re growing at a very good pace,” he says, referencing strong growth in revenues and total assets.

The interview also highlights the new products and strategies that lend weight to Cannabis Global’s position as a competitive cannabis innovator.

The full interview can be heard at: https://www.smallcapvoice.com/january-2022-interview-cannabis-global-cbgl/ .

About Cannabis Global, Inc.

Cannabis Global, Inc. is a Los Angeles-based, fully audited and reporting Company with the U.S. Securities & Exchange Commission, trading under the stock symbol CBGL. We are an emerging force in the cannabis marketplace with a growing product and proprietary intellectual property portfolio. We are marketing and producing Comply Bag™, an innovative solution for cannabis storage, transport and tracking. Our subsidiary, Natural Plant Extract (NPE), is a Southern California licensed cannabis manufacturer and distributor which licenses our technologies to produce edibles for the cannabis marketplace. Cannabis Global has filed three non-provisional and multiple provisional patents for cannabis infusion and nanoparticle technologies and continues an active research & development program.

About SmallCapVoice.com

SmallCapVoice.com, Inc. is a recognized corporate investor relations firm, with clients nationwide, known for its ability to help emerging growth companies, small cap and micro-cap stocks build a following among retail and institutional investors. SmallCapVoice.com utilizes its stock newsletter to feature its daily stock picks, podcasts, as well as its clients’ financial news releases. SmallCapVoice.com also offers individual investors all the tools they need to make informed decisions about the stocks in which they are interested. Tools like stock charts, stock alerts, and Company Information Sheets can assist with investing in stocks that are traded on the OTCMarkets. To learn more about SmallCapVoice.com and its services, please visit https://www.smallcapvoice.com/small-cap-stock-otc-investor-relations-financial-public-relations/ .

Socialize with SmallCapVoice and their clients at

Facebook: https://www.facebook.com/SmallCapVoice/
Twitter: https://twitter.com/smallcapvoice
Instagram: https://www.instagram.com/smallcapvoice/

Forward Looking Statements:

This press release and the offering materials may contain forward-looking statements and information relating to, among other things, the company, its business plan and strategy, and its industry. Forward-looking statements are neither historical facts nor assurances of future performance. They are based on the current beliefs of, assumptions made by, and information currently available to the company’s management regarding the future of the company’s business, future plans and strategies, anticipated events and trends, the economy and other future conditions. When used in the offering materials, the words “aim,” “estimate,” “project,” “believe,” “anticipate,” “intend,” “envision,” “estimate,” “expect,” “future,” “goal,” “hope,” “likely,” “may,” “plan,” “potential,” “seek,” “should,” “strategy,” “will” and similar references to future periods are intended to identify forward-looking statements, which constitute forward looking statements. These statements reflect management’s current views with respect to future events and are subject to inherent risks, uncertainties and changes in circumstances that are difficult to predict (many of which are outside of the company’s control) and could cause the company’s actual results to differ materially from those contained in the forward-looking statements. Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. All subsequent written and oral forward-looking statements concerning the company, the offering or other matters, are expressly qualified in their entirety by the cautionary statements above. The company does not undertake any obligation to revise or update these forward-looking statements to reflect events or circumstances after such date or to reflect the occurrence of unanticipated events.

Contact Information:

Cannabis Global:

Arman Tabatabaei
IR@CannabisGlobalInc.com
+1 (310) 986-4929

IR Contact:

John Grosso
http://www.IconiConsulting.com/
+1 (424) 239-9521

SmallCapVoice.com
Stuart T. Smith
512-267-2430
Info@SmallCapVoice.com

Source: SmallCapVoice.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/df175a0f-d35f-4d7a-bd5e-a0fdb1009d27

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Cannabis Global Provides Investor Update – Expects Current Revenue Growth Trends to Continue – Prepares Launch of New Cannabis Edible and Beverage Line

Cannabis Global Provides Investor Update – Expects Current Revenue Growth Trends to Continue – Prepares Launch of New Cannabis Edible and Beverage Line

LOS ANGELES, CA / ACCESSWIRE / January 20, 2022 / Cannabis Global, Inc. (OTC PINK:CBGL), an innovation-oriented company investing in disruptive cannabis technologies, today releases its latest update for investors and information on soon to be released new cannabis products.

Earlier this week, the Company filed its latest report for the fiscal period ended November 30, 2021. Revenues for the period totaled $569,562, which were up significantly from the year-ago quarter of November 30, 2021, which produced just $4,530. The increase in revenues was attributable to the introduction of new products, including cannabis flower, prerolls, and edibles, and significantly increased distribution revenues. Cannabis Global reported total assets at the end of the November quarter of $11.5 million compared to assets of $3.2 million at the end of the year-ago quarter.

The Company is experiencing continued firm orders from its major customers even as industry-wide cannabis sales growth within the regulated market is constrained. As a result, the Company expects revenue from the current quarter, which ends February 28, 2022, to grow from the levels reported during the November quarter.

“We are pleased with the revenue growth we reported during the November quarter and believe the growth trend is continuing into the current quarter,” commented Arman Tabatabaei, CEO of Cannabis Global. “Cannabis industry-wide issues of regulation, taxes, and black-market competition are affecting our growth, but we have taken important steps to mitigate these issues to the greatest extent possible by directing our business opportunities into areas where competition is less intense and where we have competitive advantages. We expect to maintain our focus on unique cannabis edibles, strategic distribution for a few selected highly successful customers, and on products based on solventless extracts, which we are now making inhouse, thus reducing dependence on outside partners while allowing us to capture more gross margin dollars through vertical integration.”

Cannabis Global has taken important steps to increase vertical integration of product inputs via the installation of an on-premises solventless extraction function that allows the Company to produce its own ice water hash, which Company personnel press into high-quality cannabis rosin extracts for use in the Company’s products. This vertical integration has reduced the cost of rosin extracts by more than 70%. With recently upgraded equipment, Cannabis Global has established a goal to begin marketing excess solventless extracts to other manufacturers of cannabis vape cartridges, pre-rolls, and edibles.

Cannabis Global is expecting to further increase its sales of cannabis edibles during the February quarter via the launch of several new product lines. The first of which will be marketed under the Company’s Northern Lights brand name, with the second to be produced for mass distribution throughout California for an established brand. These edibles will be based on the Company’s “No Cannabis Taste” technology, which is produced via a unique formulation developed internally by the Company. Additionally, during the current quarter, the Company plans to begin distributing cannabis-infused beverages based on all-natural, cannabis resin and rosin infusions.

Mr. Tabatabaei continued, “Over the past two years, we have invested heavily in R&D, which we believe is now paying off in the release of several unique products. Considering the mature California market in which we compete, we believe it is vital to approach the markets with new and innovative products. We are especially excited about our “No Cannabis Taste” edibles technology, which will soon be coming to market. This is the first set of products we have seen on the marketplace that exhibits zero cannabis taste. Additionally, we plan to market our beverages based on all-natural cannabis emulsions technologies developed by our research partners. We believe these products will set the bar relative to taste, quality and the list of ingredients while enabling us to yield strong ongoing margins.”

About Cannabis Global, Inc.

Cannabis Global, Inc. is a Los Angeles-based, fully audited and reporting Company with the U.S. Securities & Exchange Commission, trading under the stock symbol CBGL. We are an emerging force in the cannabis marketplace with a growing product and proprietary intellectual property portfolio. We are marketing and producing Comply Bag™, an innovative solution for cannabis storage, transport and tracking. Our subsidiary, Natural Plant Extract (NPE), is a Southern California licensed cannabis manufacturer and distributor which licenses our technologies to produce edibles for the cannabis marketplace. Cannabis Global has filed three non-provisional and multiple provisional patents for cannabis infusion and nanoparticle technologies and continues an active research & development program.

Forward-looking Statements

This news release contains “forward-looking statements” which are not purely historical and may include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities and words such as “anticipate,” “seek,” intend,” “believe,” “estimate,” “expect,” “project,” “plan,” or similar phrases may be deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects, the future U.S. and global economies, the impact of competition, and the Company’s reliance on existing regulations regarding the use and development of cannabis-based products. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission. For more information, please visit www.sec.gov.

Contact:

Arman Tabatabaei
IR@CannabisGlobalInc.com
+1 (310) 986-4929

IR Contact:

John Grosso
http://www.iconiconsulting.com/
+1 (424) 239-9521

SOURCE: Cannabis Global, Inc.

View source version on accesswire.com:
https://www.accesswire.com/684728/Cannabis-Global-Provides-Investor-Update–Expects-Current-Revenue-Growth-Trends-to-Continue–Prepares-Launch-of-New-Cannabis-Edible-and-Beverage-Line

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Cannabis Global Provides Investor Update – Expects Current Revenue Growth Trends to Continue – Prepares Launch of New Cannabis Edible and Beverage Line

Cannabis Global Provides Investor Update – Expects Current Revenue Growth Trends to Continue – Prepares Launch of New Cannabis Edible and Beverage Line

LOS ANGELES, CA / ACCESSWIRE / January 20, 2022 / Cannabis Global, Inc. (OTC PINK:CBGL), an innovation-oriented company investing in disruptive cannabis technologies, today releases its latest update for investors and information on soon to be released new cannabis products.

Earlier this week, the Company filed its latest report for the fiscal period ended November 30, 2021. Revenues for the period totaled $569,562, which were up significantly from the year-ago quarter of November 30, 2021, which produced just $4,530. The increase in revenues was attributable to the introduction of new products, including cannabis flower, prerolls, and edibles, and significantly increased distribution revenues. Cannabis Global reported total assets at the end of the November quarter of $11.5 million compared to assets of $3.2 million at the end of the year-ago quarter.

The Company is experiencing continued firm orders from its major customers even as industry-wide cannabis sales growth within the regulated market is constrained. As a result, the Company expects revenue from the current quarter, which ends February 28, 2022, to grow from the levels reported during the November quarter.

“We are pleased with the revenue growth we reported during the November quarter and believe the growth trend is continuing into the current quarter,” commented Arman Tabatabaei, CEO of Cannabis Global. “Cannabis industry-wide issues of regulation, taxes, and black-market competition are affecting our growth, but we have taken important steps to mitigate these issues to the greatest extent possible by directing our business opportunities into areas where competition is less intense and where we have competitive advantages. We expect to maintain our focus on unique cannabis edibles, strategic distribution for a few selected highly successful customers, and on products based on solventless extracts, which we are now making inhouse, thus reducing dependence on outside partners while allowing us to capture more gross margin dollars through vertical integration.”

Cannabis Global has taken important steps to increase vertical integration of product inputs via the installation of an on-premises solventless extraction function that allows the Company to produce its own ice water hash, which Company personnel press into high-quality cannabis rosin extracts for use in the Company’s products. This vertical integration has reduced the cost of rosin extracts by more than 70%. With recently upgraded equipment, Cannabis Global has established a goal to begin marketing excess solventless extracts to other manufacturers of cannabis vape cartridges, pre-rolls, and edibles.

Cannabis Global is expecting to further increase its sales of cannabis edibles during the February quarter via the launch of several new product lines. The first of which will be marketed under the Company’s Northern Lights brand name, with the second to be produced for mass distribution throughout California for an established brand. These edibles will be based on the Company’s “No Cannabis Taste” technology, which is produced via a unique formulation developed internally by the Company. Additionally, during the current quarter, the Company plans to begin distributing cannabis-infused beverages based on all-natural, cannabis resin and rosin infusions.

Mr. Tabatabaei continued, “Over the past two years, we have invested heavily in R&D, which we believe is now paying off in the release of several unique products. Considering the mature California market in which we compete, we believe it is vital to approach the markets with new and innovative products. We are especially excited about our “No Cannabis Taste” edibles technology, which will soon be coming to market. This is the first set of products we have seen on the marketplace that exhibits zero cannabis taste. Additionally, we plan to market our beverages based on all-natural cannabis emulsions technologies developed by our research partners. We believe these products will set the bar relative to taste, quality and the list of ingredients while enabling us to yield strong ongoing margins.”

About Cannabis Global, Inc.

Cannabis Global, Inc. is a Los Angeles-based, fully audited and reporting Company with the U.S. Securities & Exchange Commission, trading under the stock symbol CBGL. We are an emerging force in the cannabis marketplace with a growing product and proprietary intellectual property portfolio. We are marketing and producing Comply Bag™, an innovative solution for cannabis storage, transport and tracking. Our subsidiary, Natural Plant Extract (NPE), is a Southern California licensed cannabis manufacturer and distributor which licenses our technologies to produce edibles for the cannabis marketplace. Cannabis Global has filed three non-provisional and multiple provisional patents for cannabis infusion and nanoparticle technologies and continues an active research & development program.

Forward-looking Statements

This news release contains “forward-looking statements” which are not purely historical and may include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities and words such as “anticipate,” “seek,” intend,” “believe,” “estimate,” “expect,” “project,” “plan,” or similar phrases may be deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects, the future U.S. and global economies, the impact of competition, and the Company’s reliance on existing regulations regarding the use and development of cannabis-based products. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission. For more information, please visit www.sec.gov.

Contact:

Arman Tabatabaei
IR@CannabisGlobalInc.com
+1 (310) 986-4929

IR Contact:

John Grosso
http://www.iconiconsulting.com/
+1 (424) 239-9521

SOURCE: Cannabis Global, Inc.

View source version on accesswire.com:
https://www.accesswire.com/684728/Cannabis-Global-Provides-Investor-Update–Expects-Current-Revenue-Growth-Trends-to-Continue–Prepares-Launch-of-New-Cannabis-Edible-and-Beverage-Line

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Cannabis Global and Active Health Foods, Inc., Release Cannabis Brand Names for its Proposed California Joint Venture with Massachusetts Based Cannabis Company The Hub Craft, LLC

Cannabis Global and Active Health Foods, Inc., Release Cannabis Brand Names for its Proposed California Joint Venture with Massachusetts Based Cannabis Company The Hub Craft, LLC

LOS ANGELES, CA / ACCESSWIRE / January 6, 2022 / Cannabis Global, Inc. (OTC PINK:CBGL) and Active Health Foods, Inc. (OTC PINK:AHFD) today announce the cannabis consumer brands to be included in their recently announced letter of intent to create a joint venture with the Hub Craft, a licensed and permitted Massachusetts cannabis cultivation, manufacturing, and retail company.

The proposed joint venture plans to bring the following Hub Craft brands into the California marketplace.

  1. Freeway Cannabis by Rick Ross
  2. Payton’s Place by NBA Star Gary Payton
  3. TRUTH34 brand via Paul Pierce, 10x NBA All-Star,, aka ‘The Truth’. The brand will include flower, vapes, bubble hash, pre-rolls, and edibles.
  4. Whoopi Goldberg’s brand “Emma & Clyde” to include pre-rolls, flower, vapes, and edibles from the health-conscious brand “Emma & Clyde”.

Under the terms of the proposed joint venture, Cannabis Global, Active Health and The Hub Craft will form a California corporation to enter the California cannabis marketplace. In addition to being granted exclusive licenses on all Hub Craft products, branding, and associated technologies for the State of California, the joint venture will be provided an option to purchase a 51% controlling position in Hub Craft anytime within nine months of the effective date of the joint venture for a price of $15 million.

“Our Company, Cannabis Global, will add the licensed California cannabis component to this proposed joint venture. We are proud to add these brand names to the endeavor”, commented Arman Tabatabaei, CEO of Cannabis Global. “The California market is highly competitive and branding is more important than ever. These powerhouse cannabis brands will be an impressive addition to our California marketing efforts”

While the executives of the companies have agreed to the proposed initial terms of the joint venture to address the California market as outlined in the non-binding letter of intent, no definitive agreement has been signed. Moreover, there are still a considerable number of details to be worked out before the companies would be able to finalize an agreement. Thus, there can be no assurance a transaction as contemplated will ultimately take place.

This press release does not and shall not constitute an offer to sell, or the solicitation of an offer to buy, the securities discussed herein.

About Cannabis Global

Cannabis Global, Inc. is a Los Angeles-based, fully audited and reporting Company with the U.S. Securities & Exchange Commission, trading under the stock symbol CBGL. We are an emerging force in the cannabis marketplace with a growing product and proprietary intellectual property portfolio. We are marketing and producing Comply Bag™, an innovative solution for cannabis storage, transport and tracking. Our subsidiary, Natural Plant Extract (NPE), is a Southern California licensed cannabis manufacturer and distributor which licenses our technologies to produce edibles for the cannabis marketplace. Cannabis Global has filed three non-provisional and multiple provisional patents for cannabis infusion and nanoparticle technologies and continues an active research & development program.

About Active Health Foods

Active Health Foods recently acquired CoinChamp, Inc., and the operations of CoinChamp now represent the operations of the entire Company. CoinChamp is developing a platform for the plug-and-play creation of non-fungible tokens. More details will be disclosed in the near future. Glen Bonilla, President and CEO, is an experienced serial entrepreneur with an extensive banking background, years of managerial experience, and a fresh vision as a tech-savvy millennial CEO.

About The Hub Craft

The Hub Craft, LLC is a minority-led provisionally licensed business with future cultivation, manufacturing, and adult-use dispensary locations. Their facilities are currently in development in Clinton, Holyoke, and Fitchburg, Massachusetts. The Hub Craft is the exclusive distributor of TRUTH34, Emma & Clyde, Payton’s Place, and Freeway Rick Ross branded products in Massachusetts.

Forward Looking Statements

This press release may contain forward-looking statements that involve risks and uncertainties. These statements relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology including “could”, “may”, “will”, “should”, “expect”, “plan”, “anticipate”, “believe”, “estimate”, “predict”, “potential” and the negative of these terms or other comparable terminology. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested in this report.

While the executives of the companies have agreed to the intent to merge, via a share exchange type of arrangement, as outlined in this press release, no definitive agreement has been signed. Thus, there can be no assurance a transaction as contemplated will ultimately take place. Except as required by applicable law, we do not intend to update any of the forward-looking statements so as to conform these statements to actual results.

CONTACT
Arman Tabatabaei
IR@CannabisGlobalInc.com
+1 (310) 986-4929

IR Contact:
John Grosso
http://www.iconiconsulting.com/
+1 (424) 239-9521

SOURCE: Cannabis Global, Inc

View source version on accesswire.com:
https://www.accesswire.com/681196/Cannabis-Global-and-Active-Health-Foods-Inc-Release-Cannabis-Brand-Names-for-its-Proposed-California-Joint-Venture-with-Massachusetts-Based-Cannabis-Company-The-Hub-Craft-LLC

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Cannabis Global, Active Health Foods, Inc., and Massachusetts Based The Hub Craft, LLC Enter Non-Binding Letter of Intent to Develop California Cannabis MSO

Cannabis Global, Active Health Foods, Inc., and Massachusetts Based The Hub Craft, LLC Enter Non-Binding Letter of Intent to Develop California Cannabis MSO

LOS ANGELES, CA / ACCESSWIRE / January 4, 2022 / Cannabis Global, Inc. (OTC PINK:CBGL) (the “Company”), today announced the signing of a non-binding letter of intent to create a joint venture, that also includes an option to acquire a controlling interest in The Hub Craft, a licensed and permitted Massachusetts cannabis business operator, who is in the process of building extensive cannabis cultivation, manufacturing, and retail capabilities.

Under the terms of the proposed joint venture, the Company, Hub Craft, and Active Health Foods, Inc. (OTC PINK:AHFD) will form a California corporation to enter the California cannabis marketplace. In addition to being granted exclusive licenses on all Hub Craft products, branding, and associated technologies for the State of California, the joint venture will be provided an option to purchase a 51% controlling position in Hub Craft anytime within nine months of the effective date of the joint venture for a price of $15 million.

Active Health and Cannabis Global are interested in The Hub Craft for additional reasons beyond its products and brands. While many states, such as California and Oregon, are seeing massive overproduction of cannabis, the Massachusetts market is only in its early stages. Generally speaking, while cannabis prices on the West Coast have dropped dramatically, prices in the Massachusetts markets have remained remarkably robust. Cultivation licenses in the State of Massachusetts are limited to a maximum of 100,000 square feet, which the Company believes will prevent the much larger cannabis industry players from dominating the Massachusetts marketplace. Additionally, all three companies see a massive population in the Massachusetts area that is primed to become avid legal cannabis consumers. While the population of Massachusetts is only approximately seven million, there are an additional approximately 25 million in the neighboring states of New York, Connecticut, and Vermont who have no or limited access to legal recreational cannabis. The Companies believe these approximately 32 million residents represent the second largest cannabis market in the United States outside of California.

“We are particularly impressed with the robust technologies The Hub Craft is introducing to the marketplace and we feel these will be well received in the mature California markets in the Los Angeles and San Francisco metro areas,” commented Arman Tabatabaei, CEO of Cannabis Global. “We are looking forward to collaborating with both the management teams of Hub Craft and Active Health Foods to create a unique set of assets to serve the significantly sized California marketplace.”

While the executives of all three companies have agreed to the proposed initial terms of the joint venture to address the California market as outlined in the non-binding letter of intent, no definitive agreement has been signed. Moreover, there are still a considerable number of details to be worked out before the companies would be able to finalize an agreement. Thus, there can be no assurance a transaction as contemplated will ultimately take place.

Mr. Glen Bonilla, CEO of Active Health Foods, commented, “The Hub Craft has a top-flight management team, and the Company is fully licensed and is launching operations in what we expect to be one the hottest North American cannabis markets. This joint venture will allow Active Health to enter the California marketplace with market-ready brands, formulations, and, most importantly, stellar management team members. Over the coming weeks, we plan to work diligently to finalize a definitive agreement for this joint venture for the benefit of all shareholders.”

About Cannabis Global, Inc.
Cannabis Global, Inc. is a Los Angeles-based, fully audited, and reporting Company with the U.S. Securities & Exchange Commission, trading under the stock symbol CBGL. We are an emerging force in the cannabis marketplace with a growing product and proprietary intellectual property portfolio. We are marketing and producing Comply Bag™, an innovative solution for cannabis storage, transport, and tracking. Our subsidiary, Natural Plant Extract (NPE), is a Southern California licensed cannabis manufacturer and distributor which licenses our technologies to produce edibles for the cannabis marketplace. Cannabis Global has filed three non-provisional and multiple provisional patents for cannabis infusion and nanoparticle technologies and continues an active research & development program.

About Active Health Foods
Active Health Foods recently acquired CoinChamp, Inc., and the operations of CoinChamp now represent the operations of the entire Company. CoinChamp is developing a platform for the plug-and-play creation of non-fungible tokens. More details will be disclosed in the near future. Glen Bonilla, President, and CEO, is an experienced serial entrepreneur with an extensive banking background, years of managerial experience, and a fresh vision as a tech-savvy millennial CEO.

Forward Looking Statements
This press release may contain forward-looking statements that involve risks and uncertainties. These statements relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology including “could”, “may”, “will”, “should”, “expect”, “plan”, “anticipate”, “believe”, “estimate”, “predict”, “potential” and the negative of these terms or other comparable terminology. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested in this report.

CONTACT:
Arman Tabatabaei
IR@CannabisGlobalInc.com
+1 (310) 986-4929

IR Contact:
John Grosso
http://www.iconiconsulting.com/
+1 (424) 239-9521

SOURCE: Cannabis Global, Inc

View source version on accesswire.com:
https://www.accesswire.com/680771/Cannabis-Global-Active-Health-Foods-Inc-and-Massachusetts-Based-The-Hub-Craft-LLC-Enter-Non-Binding-Letter-of-Intent-to-Develop-California-Cannabis-MSO

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Cannabis Global Reports Significantly Increased Revenues for the Fiscal Year End – Files Annual Report

Cannabis Global Reports Significantly Increased Revenues for the Fiscal Year End – Files Annual Report

LOS ANGELES, CA / ACCESSWIRE / December 15, 2021 / Cannabis Global, Inc. (OTC PINK:CBGL), an innovation-oriented company investing in disruptive cannabis technologies, today announced the filing of its annual report for the fiscal year ended August 31, 2021. Revenues for the fiscal year grew to just over $1.6 million, compared to approximately $27,000 for the previous fiscal year. Growth was attributed to increased sales and distribution of cannabis products across a broad array of product lines, including cannabis flower, edibles, and concentrates.

“We are pleased with the strong growth of our distribution and manufacturing businesses via Northern Lights Distribution and Natural Plant Extract of California, respectively,” commented CEO Arman Tabatabaei. “The customers generating our growth are ordering consistently into this current fiscal year and in some cases are expanding orders and revenues with us. With strong revenue growth and pending new product introductions we remain confident moving into calendar 2022. Our major emphasis moving forward will be to improve profitability especially relating to our high cost of capital to better ensure our bottom line matches the strength of our revenue growth.”

CBGL has recently announced the addition of several new product categories, including solventless extracts, infused cannabis pre-rolls and innovative categories of cannabis edibles, which are expected to be released soon after the first of the new year.

Mr. Tabatabaei continued, “While this past fiscal year was a year of acquisition, product development and of positioning our products and distribution efforts into an increasingly competitive California cannabis market, we anticipate this current fiscal year being one of emphasis on profitability, new product introductions and full utilization of our suburban Los Angeles manufacturing and distribution facilities.”

About Cannabis Global, Inc.

Cannabis Global, Inc. is a Los Angeles-based, fully audited and reporting Company with the U.S. Securities & Exchange Commission, trading under the stock symbol CBGL. We are an emerging force in the cannabis marketplace with a growing product and proprietary intellectual property portfolio. We are marketing and producing Comply Bag™, an innovative solution for cannabis storage, transport and tracking. Our subsidiary, Natural Plant Extract (NPE), is a Southern California licensed cannabis manufacturer and distributor which licenses our technologies to produce edibles for the cannabis marketplace. Cannabis Global has filed three non-provisional and multiple provisional patents for cannabis infusion and nanoparticle technologies and continues an active research & development program.

Forward-looking Statements

This news release contains “forward-looking statements” which are not purely historical and may include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities and words such as “anticipate,” “seek,” intend,” “believe,” “estimate,” “expect,” “project,” “plan,” or similar phrases may be deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects, the future U.S. and global economies, the impact of competition, and the Company’s reliance on existing regulations regarding the use and development of cannabis-based products. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission. For more information, please visit www.sec.gov.

Contact:
Arman Tabatabaei
IR@CannabisGlobalInc.com
+1 (310) 986-4929

IR Contact:
John Grosso
http://www.iconiconsulting.com/
+1 (424) 239-9521

SOURCE: Cannabis Global, Inc.

View source version on accesswire.com:
https://www.accesswire.com/677721/Cannabis-Global-Reports-Significantly-Increased-Revenues-for-the-Fiscal-Year-End–Files-Annual-Report

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Cannabis Global Expands into Solventless Cannabis Extracts at Lynwood Facility

Cannabis Global Expands into Solventless Cannabis Extracts at Lynwood Facility

LOS ANGELES, CA / ACCESSWIRE / November 23, 2021 / Cannabis Global, Inc. (OTC PINK:CBGL), an innovation-oriented company investing in disruptive cannabis technologies, today announces an important enhancement to its cannabis product manufacturing capabilities at its Natural Plant Extract of California facility in Lynwood, a suburb of Los Angeles. The facility is now producing solventless cannabis concentrates for use in its own cannabis products, including edibles, beverages and prerolls.

Most of the cannabis extract products on the market are prepared using solvents such as butane, propane, and carbon dioxide to extract the oils and cannabinoids from the plant. These products ultimately have most of the solvents removed, but the taste profile of the original plant material is altered in the overall process. The solvent-less extraction methods used by the Company instead rely 100% on water, ice, heat and pressure to extract the desirable components from the cannabis plant.

“Consumers are increasingly turning to solvent-less products for three reasons: purity, taste and experience,” commented Arman Tabatabaei, CEO of the Company. “We do not have to remove the chemical solvents from these products as none are ever added. It’s just water, heat and pressure. Many consumers prefer the natural taste of solvent-less produced extracts and believe such products offer a superior user experience. We expect continued growth in the marketplace as consumers increasingly gravitate toward these high quality products.”

Solvent-less operations at the Company’s Natural Plant Extract of California facility include both ice water hash production, which uses water and ice to separate the valuable trichomes from the plant materials, and rosin production, which uses heat and pressure to produce an ultra-premium concentrate. The Company plans to utilize these solventless concentrates to enhance cannabis products, such as premium pre-rolls, edibles and beverages, which are in various stages of availability and pre-production.

About Cannabis Global, Inc.
Cannabis Global, Inc. is a Los Angeles-based, fully audited and reporting Company with the U.S. Securities & Exchange Commission, trading under the stock symbol CBGL. We are an emerging force in the cannabis marketplace with a growing product and proprietary intellectual property portfolio. We are marketing and producing Comply Bag™, an innovative solution for cannabis storage, transport and tracking. Our subsidiary, Natural Plant Extract (NPE), is a Southern California licensed cannabis manufacturer and distributor which licenses our technologies to produce edibles for the cannabis marketplace. Cannabis Global has filed three non-provisional and multiple provisional patents for cannabis infusion and nanoparticle technologies and continues an active research & development program.

Forward-Looking Statements
This news release contains “forward-looking statements” which are not purely historical and may include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities and words such as “anticipate,” “seek,” intend,” “believe,” “estimate,” “expect,” “project,” “plan,” or similar phrases may be deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects, the future U.S. and global economies, the impact of competition, and the Company’s reliance on existing regulations regarding the use and development of cannabis-based products. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission. For more information, please visit www.sec.gov.

CONTACT:
Arman Tabatabaei
IR@CannabisGlobalInc.com
+1 (310) 986-4929

IR Contact:
John Grosso
http://www.iconiconsulting.com/
+1 (424) 239-9521

SOURCE: Cannabis Global, Inc.

View source version on accesswire.com:
https://www.accesswire.com/674248/Cannabis-Global-Expands-into-Solventless-Cannabis-Extracts-at-Lynwood-Facility

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Cannabis Global in Distribution and Purchase Option Agreement for Cannabis Transport System Comply Bag(R)

Cannabis Global in Distribution and Purchase Option Agreement for Cannabis Transport System Comply Bag(R)

LOS ANGELES, CA / ACCESSWIRE / November 10, 2021 / Cannabis Global, Inc. (OTC PINK:CBGL), an innovation-oriented company investing in disruptive cannabis technologies, today announces it has entered into a distribution agreement with Humboldt Bliss to distribute the Company’s Comply Bag®, cannabis transport system with integrated smartphone track and trace app. As part of the agreement, the Company also also granted Humboldt Bliss an option to purchase a controlling interest in Ethos Technology LLC, dba Comply Bag®, a wholly-owned subsidiary of Cannabis Global, for $4 million, which controls the products and the associated intellectual property.

David Welch, the managing partner at DRWelch, a Los Angeles-based law firm specializing in regulatory compliance and intellectual property issues with a strong specialization in the cannabis industry, who serves as general counsel of Humboldt Bliss, commented, “We see strong possibilities relative to Comply Bag® especially relating to what most people in the cannabis industry believe will be an upcoming national market for cannabis. Comply Bag® is the best way to stop diversion of cannabis from the legal market into the illicit market and we believe likely to become a standard requirement for Government approved cannabis facilities. As more licensed and legal cannabis commerce occurs, the secure tracking and tracing of cannabis shipments will become a vital interest of both corporations and regulatory agencies.”

Comply Bag® utilizes proven security, tamper resistance, and tracking features that will allow cannabis companies to transport products as safely as large financial institutions transport cash and marketable securities. The product includes the ??integration of the METRC applications programming interface (API) into a custom smartphone app that will allow cannabis shippers and receivers to scan shipments with the information being integrated directly into the leading cannabis track and trace system. At least 15 states, including California, mandate the use of METRC.

Arman Tabatabaei, CEO of Cannabis Global commented, “With our first shipments of Comply Bag® already in our Los Angeles warehouse, we believe the distribution of this innovative product line can begin immediately. Over the coming weeks, we will be working with the Humboldt Bliss team to add more features and functions to the smartphone app, which is at the heart of the Comply Bag® transport system.”

The Agreement grants Humboldt Bliss as the exclusive distributor for North and Central America, the Caribbean, and Europe, based on specific first rights of refusal outlined in the Agreement. In addition, the Purchase Option allows Humboldt Bliss to acquire a 51% controlling interest in Ethos Technologies and contains specific anti-dilution and first rights of refusal provisions. The Company will file the complete agreement on Form 8-K with the Securities and Exchange Commission, to be accessed at www.sec.gov.

About Comply Bag

Comply Bag® features a multi-layer, low-density polyethylene outer shell that protects valuable shipments and allows manufacturers, buyers, and processors full view of contents to assess quality. Each Comply Bag™ contains financial institution-grade tamper-evident seams, self-sealing closures, and sequential numbering to ensure what is sent is what is received. In addition, because all U.S. states have implemented specific regulations for the tracking and tracing of cannabis shipments from seed to sale, Comply Bags® features regulator demanded tracking features, such as those required in the California Cannabis Track-and-Trace (CCTT) system, including Unique Identifier Tags (UID) mandated by California via its contracted service provider, METRC, Inc.

About Cannabis Global, Inc.

Cannabis Global, Inc. is a Los Angeles-based, fully audited and reporting Company with the U.S. Securities & Exchange Commission, trading under the stock symbol CBGL. We are an emerging force in the cannabis marketplace with a growing product and proprietary intellectual property portfolio. We are marketing and producing Comply Bag®, an innovative solution for cannabis storage, transport and tracking and Natural Plant Extract (NPE), which is a Southern California licensed cannabis manufacturer and distributor which licenses our technologies to produce edibles for the cannabis marketplace. Cannabis Global has filed three non-provisional and multiple provisional patents for cannabis infusion and nanoparticle technologies and continues an active research & development program.

Forward-looking Statements

This news release contains “forward-looking statements” which are not purely historical and may include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities and words such as “anticipate,” “seek,” intend,” “believe,” “estimate,” “expect,” “project,” “plan,” or similar phrases may be deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects, the future U.S. and global economies, the impact of competition, and the Company’s reliance on existing regulations regarding the use and development of cannabis-based products. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission. For more information, please visit www.sec.gov.

Contact:
Arman Tabatabaei
IR@CannabisGlobalInc.com
+1 (310)-986-4929

IR Contact:
John Grosso
http://www.iconiconsulting.com/
+1 (424) 239-9521

References:

https://www.hempgrower.com/article/ab-45-passes-california-legislature-draws-opposition-smokable-hemp-legalize-cbd/

https://leginfo.legislature.ca.gov/faces/billTextClient.xhtml?bill_id=202120220AB45

https://www.jdsupra.com/legalnews/california-finally-breaks-from-fda-on-8133219/

SOURCE: Cannabis Global, Inc.
View source version on accesswire.com:
https://www.accesswire.com/672055/Cannabis-Global-in-Distribution-and-Purchase-Option-Agreement-for-Cannabis-Transport-System-Comply-BagR

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Cannabis Global’s Research into Psychedelic Mushroom Focuses on Foods and Beverage Infusions

Cannabis Global’s Research into Psychedelic Mushroom Focuses on Foods and Beverage Infusions

LOS ANGELES, CA / ACCESSWIRE / November 4, 2021 / Cannabis Global, Inc. (OTC PINK:CBGL), an innovation-oriented company investing in disruptive cannabis technologies, today released information on its research and development programs for psychedelic mushrooms and entheogenic plants, and the process of infusing the active ingredients into foods and beverages.

“Our emphasis is on both direct infusion of the fungus and plant materials, and on extracting the active ingredients,” commented Cannabis Global Inc CEO, Arman Tabatabaei. “We have seen strong success in both methods and have used both to infuse a variety of ingredients”, he continued.

Much of the Company’s development efforts have centered on masking the strong tastes of mushroom extracts and entheogenic plants. Cannabis Global is utilizing dual extraction technologies utilizing water and food grade ethanol, rather than stronger solvents that are both not food grade and require extensive purging in order to meet the expected California testing standards. The dual extractions are then emulsified using the all-natural processes developed by the Company for cannabis edibles.

Mr. Tabatabaei continued, “We are hopeful about the possible passage of Senator Scott Wiener’s (D-San Francisco) Senate Bill 519 in California, which would allow us to move forward with our research and development, and possible commercialization of psychedelics-infused food and beverage products. Once legalized, we foresee possible licensing opportunities for our existing infusion technologies, and the marketing of pre-made psychedelic containing emulsions, and emulsions containing both psychedelics and cannabinoid, with food and beverage brands. We are also especially excited about moving beyond ordinary THC with these combinations through the inclusion of rare cannabinoids, such as Tetrahydrocannabivarin (THC-V) and Cannabinol (CBN).”

About Cannabis Global, Inc.

Cannabis Global, Inc. is a Los Angeles-based, fully audited and reporting Company with the U.S. Securities & Exchange Commission, trading under the stock symbol CBGL. We are an emerging force in the cannabis marketplace with a growing product and proprietary intellectual property portfolio. We are marketing and producing Comply Bag™, an innovative solution for cannabis storage, transport and tracking. Our subsidiary, Natural Plant Extract (NPE), is a Southern California licensed cannabis manufacturer and distributor which licenses our technologies to produce edibles for the cannabis marketplace. Cannabis Global has filed three non-provisional and multiple provisional patents for cannabis infusion and nanoparticle technologies and continues an active research & development program.

Forward-looking Statements

This news release contains “forward-looking statements” which are not purely historical and may include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities and words such as “anticipate,” “seek,” intend,” “believe,” “estimate,” “expect,” “project,” “plan,” or similar phrases may be deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects, the future U.S. and global economies, the impact of competition, and the Company’s reliance on existing regulations regarding the use and development of cannabis-based products. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission. For more information, please visit www.sec.gov.

Contact:

Arman Tabatabaei
IR@CannabisGlobalInc.com
+1 (310) 986-4929

IR Contact:

John Grosso
http://www.iconiconsulting.com/
+1 (424) 239-9521

References:

https://www.hempgrower.com/article/ab-45-passes-california-legislature-draws-opposition-smokable-hemp-legalize-cbd/
https://leginfo.legislature.ca.gov/faces/billTextClient.xhtml?bill_id=202120220AB45
https://www.jdsupra.com/legalnews/california-finally-breaks-from-fda-on-8133219/

SOURCE: Cannabis Global, Inc.

View source version on accesswire.com:
https://www.accesswire.com/671138/Cannabis-Globals-Research-into-Psychedelic-Mushroom-Focuses-on-Foods-and-Beverage-Infusions