Cannabis Global (OTC: MCTC), a cannabinoid and hemp extract
science forward company developing infusion and delivery technologies, today
announced its entry into a definitive, five-year agreement (the “Agreement”)
for the production of cannabis edibles and beverages in conjunction with
licensed California cannabis operator, Magnolia Extracts, LLC of Lynwood,
California. Under the Agreement, Cannabis Global will provide access to its
trade secrets and patent pending technologies for chemical-free cannabis and
hemp infusions in the production of edibles and beverages containing
tetrahydrocannabinol (“THC”). “This deal represents an enormous escalation in
terms of our positioning in the California cannabis edibles and beverages
marketplace,” Cannabis Global CEO Arman Tabatabaei said in the news release.
“We will be working closely with Magnolia and look forward to a rapid path to
market for these innovative products. We have strong reason to believe we will
see a relatively quick expansion in distribution footprint given the prepotency
of demand we are seeing among potential distribution partners already. The
Magnolia site has recently been modified to our specifications and is now
complete. We are looking forward to moving out of our initial stage of
development and into full-scale production. This Agreement is a game-changing
development with strong tangible implications for our performance this year."
To view the full press release, visit http://ibn.fm/cu2Ya
About Cannabis Global, Inc.
Cannabis Global, Inc. (MCTC) is a Nevada registered, fully
reporting and audited publicly-traded company. With the hemp and cannabis
industries moving very quickly and with a growing number of market entrants,
Cannabis Global plans to concentrate its efforts on the middle portions of the
hemp and cannabis value chain. The Company plans to actively pursue R&D
programs and productization for exotic cannabinoid isolation, bioenhancement of
cannabinoids and polymeric solid nanoparticles and nanofibers for addition into
consumer products and for dermal application. The Company was reorganized
during June of 2019 and announced its intent to enter the fast-growing cannabis
sector. The Company is headed and managed by a group of highly experienced
cannabis industry pioneers and entrepreneurs. More information on the Company
can be viewed at www.CannabisGlobalinc.com.
NOTE TO INVESTORS: The latest news and updates
relating to MCTC are available in the company’s newsroom at http://ibn.fm/MCTC
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