CORAL SPRINGS, Florida, May 20, 2015 /PRNewswire/ --
Hemp-based consumer products for the nutraceutical, pharmaceutical and supplement industries continue to evolve as more and more states nationwide soften on restrictions for Legal & Medical Marijuana industries. Marijuana & Cannabis Based Companies in focus today are: Algae International Group, Inc. (OTC: ALGA), Hemp, Inc. (OTC: HEMP), Easton Pharmaceuticals (OTC: EAPH), DigiPath, Inc. (OTC: DIGP), American Green, Inc. (OTC: ERBB) and Cannabis Science, Inc. (OTC: CBIS).
Algae International Group, Inc. (OTC: ALGA), today announced a letter of intent (LOI) to acquire a leading nutritional beverage destination company with a ten year operating history. The anticipated acquisition is part of the Company's plan to introduce and rapidly expand a cannabis beverage café franchise. Algae International Group recently announced a pending corporate name change to North American Cannabis Holdings, Inc. to reflect the Company's shift over the last eighteen months to a concentration on the emerging, legal cannabis market in the United States.
Read the full ALGA Press Releases at http://finance.yahoo.com/q/p?s=ALGA+Press+Releases
"Cannabis is rich with nutritional and medicinal benefits," said Algae International Group, CEO Steven Rash. "We have been piloting a cannabis infused beverage and our experience has led us to develop a destination beverage strategy where consumers can interface with trained staff to learn about specific benefits and select healthy and refreshing cannabis infused beverages. Our cannabis café will initially include custom blended hemp infused coffee, cold pressed juices and smoothies in addition to carrying raw hemp seeds and other hemp infused foods on shelf space. As state and federal law permits, we will add THC infused beverages and foods". Algae International Group recently announced a pending corporate name change to North American Cannabis Holdings, Inc. to reflect the Company's shift over the last eighteen months to a concentration on the emerging, legal cannabis market in the United States.
As part of its ongoing market penetration strategy, Hemp, Inc. (OTC: HEMP) announced it will sponsor the next HempZone at the upcoming Holistic Living Expo on Sunday, May 24, 2015 in Sacramento, CA. The HempZone is an interactive area of interrelated businesses within the hemp and cannabis industries that educates investors, showcase products, and empower entrepreneurs. The age-old medicinal benefits of hemp and cannabinoids (CBDs) have been gaining popularity among more "alternative health consumers", a market in which Hemp, Inc. plans to launch a new CBD product line soon. "The chemical compounds of cannabinoids (e.g., THC and CBD) provide relief to a broad spectrum of symptoms including pain, nausea, and inflammation... and promotes better health, overall. Hemp oil and CBD oil, derived from the hemp and cannabis plant is an incredible for natural healing and that's what we plan to highlight through upcoming HempZone. The Holistic Living Expo in Sacramento is the ideal platform," said Bruce Perlowin, CEO of Hemp, Inc. (HEMP). "There is a global awakening to the potential of cannabinoid-rich hemp oil (or CBDs) which has remained untapped until just a few years ago," continued Perlowin.
In other cannabis, hemp and marijuana news and developments: In a shareholder letter issued by Easton Pharmaceuticals (OTC: EAPH) the Company announced that in January of this year, Easton Pharmaceuticals closed on an agreement with Medicated Markets International LLC, a private NY company who have procured the rights to grower / cultivator licenses located in the City of Perris, California, (20 acres) Riverside county and one main growing location in Mendocino County, California with a total actual growing area of approximately 3 acres. The Sites have a history of no less than three years of growing Medical Marijuana for resale to Dispensaries in the Los Angeles area. A total of 200 Million restricted shares were issued towards this transaction, which will be completely operated by Medicated Markets and their management. Easton is in the process of negotiating and resolving logistics issues and will provide additional detailed updates shortly. Read the full release at http://finance.yahoo.com/news/easton-pharmaceuticals-letter-shareholders-121856809.html
DigiPath, Inc. (OTCQB: DIGP), the independent cannabis testing, media, digital pathology, and education firm, announced last week the filing of its quarterly report on Form 10-Q for its second fiscal quarter ended March 31, 2015, with the Securities and Exchange Commission. "DigiPath ended the quarter with $3.9 million of stockholders' equity," says David Williams, DigiPath's CFO. "We completed the purchase and installation of our state-of-the-art cannabis testing equipment, created our testing protocols, and expect to begin generating revenues from our significant investments later this quarter." Read the full report at http://finance.yahoo.com/news/investing-cannabis-testing-labs-expansion-212400246.html
American Green, Inc. (OTC: ERBB) announced a few weeks ago that two more key dispensaries are online for public use in the ZaZZZ consumer-operated, ID verifying network. One of those machines is located at Pacific Coast Dispensary in Seattle and will be the first time that ZaZZZ has been tasked to be the stand-alone 'bud tender' at any dispensary. The other new ZaZZZ to be fully activated is located at Exhale in Los Angeles, one of the city's premier dispensaries (http://www.yelp.com/biz/exhale-med-center-los-angeles-2). Both machines will have their own bitcoin accounts and take bitcoin for purchases by week's end..
Cannabis Science, Inc. (OTC: CBIS), a U.S. company specializing in cannabis formulation-based drug development and related consulting, announced that Purple Haze Properties CEO Andrew Pitsicalis will be representing individual and joint medicinal products created with CBIS for "Jimi's Cannabis Collection" including genetic strains and products at the Chicago "Marijuana Business Conference and Expo." Cannabis Science and Purple Haze Properties are working together to launch exciting lines of quality cannabis products using scientific genetics and creating an education platform to share information from doctors and patients around the world about the advances of cannabis research.
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