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Cannabis Global, Inc. (OTC PINK:CBGL) has launched its Hemp You Can Feel™ Sweeteners, a groundbreaking line of 100% water-soluble hemp products for sweetening food and beverages. This innovative product is free from chemicals, additives, and GMOs, and has been developed using Bee-Fusion Technology™. Production began recently, with shipments scheduled for next week. Unlike traditional hemp products, these sweeteners do not cloud liquids or alter taste, providing a natural and health-conscious option for consumers. Six provisional patents protect the infusion and processing technologies behind this product line.
Cannabis Global (OTC PINK:CBGL) has recapped its fiscal year ending August 31, 2020, revealing significant advancements in cannabinoid technology and product development. The company has acquired an 18.8% stake in a licensed cannabis manufacturing business for $2,040,000, expecting increased revenue. Innovations include six provisional patents on new cannabinoid delivery methods. Additionally, the company is expanding distribution through affiliate marketing and platforms like Amazon. New products include coffee, Kombucha, and THC-V tea, aligning with its mission to revolutionize cannabis infusion technologies.
Cannabis Global (OTC PINK:CBGL) has acquired an 18.8% stake in Natural Plant Extract of California for $2.04 million. The acquisition, completed on August 31, 2020, gives Cannabis Global access to a licensed cannabis manufacturing and distribution operation in California. This strategic move aims to enhance market penetration in the lucrative California cannabis market, estimated to be worth billions annually. The transaction includes 27 monthly payments of $20,000 and a convertible long-term note. The company expects to book over $2 million in net tangible assets, potentially allowing it to become penny stock exempt.
Cannabis Global (OTC PINK:CBGL) has commenced shipping its Hemp You Can Feel™ Coffee to Amazon.com, following the completion of product development and packaging. This marks a key step in their strategy to leverage Amazon's platform for enhanced visibility and accessibility. The company has also filed a provisional patent for a new technology that simplifies the addition of cannabinoids to coffee pods, aiming to disrupt traditional dosing methods. Final approval from Amazon is anticipated soon, leading to live sales of the product.
Cannabis Global (OTC PINK:CBGL) announced a positive restructuring of its debt, including the repayment of three convertible notes totaling $178,500 and a binding agreement to finance an additional $63,000. This restructuring has reduced overall convertible debt by over $374,601 and transitioned $500,000 into a long-term, zero-interest obligation, minimizing shareholder dilution risks. The company is positioned to enhance its R&D and introduce innovative products based on its internal IP developments, following the filing of six provisional patents.