LOS ANGELES, CA / ACCESSWIRE / December 3, 2020 / Cannabis Global, Inc. (OTC PINK:CBGL), an innovation-oriented company investing in disruptive cannabis and hemp-related technologies, today announced a joint letter to shareholders of the Company and its recent share exchange partner Marijuana Company of America.
Dear Shareholders of Cannabis Global, Inc:
As we have discussed with many of you, Marijuana Company of America, Inc. (OTC PINK:MCOA) and Cannabis Global, Inc. (OTC PINK:CBGL) recently entered into an agreement where each became the largest shareholder of the other. Thus, CBGL owns 650 million of MCOA shares and MCOA owns just over 7.2 million shares of CBGL. The Companies engaged in this transaction to promote the growing common interests and collaborations between these two pioneering cannabis and CBD operations.
Both companies have recently enhanced their programs to maximize shareholder value. MCOA is aggressively overhauling its marketing strategy, rapidly expanding its product line's geographic reach, and revamping its capital and debt structures. The two companies have agreed to collaborate in several areas, including expanding product offerings in Europe and Latin America and developing Cannabis Global's Project Varin designed to discover and market new methods to infuse hemp extracts and cannabis into food, beverages, and other consumer products.
Both companies have big plans for 2021. We are thrilled you have chosen to join in our journey to enhance shareholder value as the hemp and cannabis industries move into 2021. Next year will likely be another year of strong growth for market participants and the sector's investors.
Here is a summary of our plans through the end of 2020 and into 2021:
Marijuana Company of America (OTC PINK:MCOA):
Throughout 2021, investors should expect the Company to continue to revitalize and expand its marketing efforts relative to the innovative hempSMART product line, with a strong emphasis on further enhancing the already strong product quality among consumers.
MCOA has taken significant strides to address convertible debt levels, having cycled through nearly half of its legacy debt. While there is still more work to do in this area, MCOA is committed to continuing the transition from debt financing to equity financing, which is far less dilutive for all stakeholders in the Company. MCOA's recently effective S-1 filing with the U.S. Securities & Exchange Commission is a big step in the right direction.
Cannabis Global (OTC PINK:CBGL):
National Market Focus: Cannabis Global is on the move relative to product innovation. The emphasis moving forward for the Company will be to target what will likely be the new National cannabis market as the incoming Biden/Harris administration moves toward nationwide cannabis legalization. "A key house committee advanced a bill to federally legalize marijuana on Wednesday, clearing its path to a floor vote that leadership said will come on Friday", as mentioned earlier today on: https://www.marijuanamoment.net/watch-live-key-house-committee-prepares-marijuana-legalization-bill-for-floor-vote/
National Market for Secure Cannabis Transport: CBGL has acquired Ethos Technology, LLC and its proprietary ultra-secure cannabis transport system. While the California market alone is likely large enough to support a robust market for this innovative product line, CBGL is also eyeing the likely upcoming market for interstate transport of cannabis and the numerous tracking, security, and administrative challenges the market expansion will present.
Hemp You Can Feel Product Line: The Hemp You Can Feel product line is based on one of the most innovative hemp infusion technologies in the marketplace - a unique process where honey bees are provided cannabinoids which the bees use to make a unique non-infused, water-soluble compound, which is used to infuse our non-alcoholic cocktail mixers, coffee products and our unique line of organic and artificial sweeteners. Sales of these product lines are being driven by our third parties platforms, including Amazon, which has accepted several shipments in increasing size. Our technology partner for this innovative line is Phyto Pharma, LTD of Israel.
National Market for Infusion Technologies - Project Varin: CBGL has made great strides on the intellectual property front, with four provisional and one non-provisional patent filing on new methods to infuse cannabinoids into foods, beverages, and consumer products. CBGL has recently completed product development on what is believed to be the industry's first food-grade cannabinoid nano formulations designed to rewrite the cost and efficiency equation for the coming nationwide cannabinoid infusion marketplace. Cannabis Global expects to soon begin announcing a series of new products based on this innovative platform with additional non-provisional patent filings expected over the coming weeks.
While this is only a brief summary of where each Company is moving, rest assured both Companies have established strong plans to keep our investors informed. Investors in MCOA and CBGL can expect robust news flow over the coming months, as these strategies move forward.
We encourage you to reach out to us to let us how we are doing or to express any concerns you have. Our management teams look forward to hearing from you.
About Cannabis Global, Inc.
Cannabis Global, Inc., formerly known as MCTC Holdings, Inc., is a fully audited and reporting Company with the U.S. Securities & Exchange Commission, trading with the stock symbol CBGL. The Company is an emerging force in the area of cannabinoid sciences and highly bioavailable hemp and cannabis infusion technologies. The Company does not engage in the production, distribution, or sales of any controlled substances, including marijuana. The Company has an actively growing portfolio of intellectual property having filed six patents in the areas of cannabinoid delivery systems and cannabinoid polymeric nanoparticles. The Company markets its consumer products under the Hemp You Can Feel brand name. Cannabis Global launched its Project Varin early in 2020, to develop new delivery methods for rare cannabinoid Tetrahydrocannabivarin (THV-C) and to develop products based on this cannabinoid.
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.
For more information, please contact:
Arman Tabatabaei
IR@cannabisglobalinc.com
+1-(310)-986-4929
IR Contact:
Stuart Smith
https://www.smallcapvoice.com/
ssmith@smallcapvoice.com
SOURCE: Cannabis Global, Inc.
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https://www.accesswire.com/619316/Cannabis-Global-and-Marijuana-Company-of-America-in-Joint-Shareholder-Letter-Addressing-National-Cannabis-Market
