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CBGL Files Latest Quarterly Report – Receives Additional Debt Cancellations
LOS ANGELES, April 18, 2023 (GLOBE NEWSWIRE) -- Cannabis Global, Inc. (OTC PINK: CBGL), a licensed Los Angeles-based manufacturer and distributor in the cannabis sector, today announces the filing of its quarterly report for the fiscal quarter ending February 28, 2023, and additional debt cancellations designed to strengthen the corporate balance sheet. Cannabis Global remains compliant relative to the reporting requirements for public quoting under Rule 15c2-11.
During the second fiscal quarter, the Company announced the successful conclusion of debt settlement negotiations with two debtholders, eliminating approximately $813,000 of long-term debt from the Company’s balance sheet. In April of 2022, the Company entered into a cannabis cultivation joint venture where Cannabis Global issued a note as payment for specific tasks to be completed by the joint venture. Due to rapidly falling prices for cannabis biomass, the cultivation effort never materialized. The parties to the joint venture agreed on terms of the note cancellation to benefit both entities.
“We continue to restructure our balance sheet to create additional value for our shareholders,” commented Edward Manolos, CEO of Cannabis Global. “There is undoubtedly tremendous turmoil in the California cannabis markets, but we continue our commitment to the cannabis marketplace and fully expect to emerge as a more vital organization. This additional $421,000 cancellation will allow us to present a stronger balance sheet to the marketplace and meaningfully further our restructuring program.”
The Company believes that these debt restructurings and settlements will go a long way to demonstrate to its investors and potential financiers, Cannabis Global’s potential in the California cannabis sector and provide a better position for what the Company’s executives believe, will soon be a true nationwide market for our products and services. These debt reductions will also help reduce future market dilution and help support a healthier market cap and enterprise value.
The Company indicates it has entered into additional debt settlement negotiations aimed at further reducing the Company’s debt burden, which it anticipates will be completed over the next fiscal quarter.
https://www.otcmarkets.com/stock/CBGL/news/Cannabis-Global-Files-Latest-Quarterly-Report--Receives-Additional-Debt-Cancellations?id=397051
+20% at .0006 on today's news!
CBGL - https://finance.yahoo.com/news/cannabis-global-krtl-international-corp-133000841.html
HUGE NEWS! “CBGL has taken multiple steps in its restructuring program by cancelling significant debt without taking on additional debt or equity financing to further strengthen its position and effectively bring intrinsic value to this venture,” said Edward Manolos, CEO of Cannabis Global, Inc. “We are happy to report that the Company has maintained its current reporting with OTC Markets and is continuing in its efforts to complete the Company audit needed to once again become and SEC reporting company.”
Singani is a Bolivian spirit distilled from white Muscat of the Alexandria grapes grown in the Bolivian Andes. It is the country’s national distilled spirit and is considered part of its cultural patrimony.
CBGL - https://finance.yahoo.com/news/cannabis-global-krtl-international-corp-133000841.html
The market is showing no faith in CBGL
Together with CBGL, KRTL is excited, and committed to bringing innovative beverages to the US. The company is focused on the introduction, logistics and planning process involving this commemorative event. https://finance.yahoo.com/news/cannabis-global-krtl-international-corp-133000841.html
NITE holding it down with a 4.5M false wall
Agree, great to hear! “CBGL has taken multiple steps in its restructuring program by cancelling significant debt without taking on additional debt or equity financing to further strengthen its position and effectively bring intrinsic value to this venture,” said Edward Manolos, CEO of Cannabis Global, Inc. “We are happy to report that the Company has maintained its current reporting with OTC Markets and is continuing in its efforts to complete the Company audit needed to once again become and SEC reporting company.”
They are in a good position.
CBGL
Great to see that!
CBGL
Yet not one share traded
$CBGL huge news out! Cannabis Global and KRTL International Corp. Announce Exclusive Distribution Agreement for Huella Singani https://www.globenewswire.com/news-release/2023/05/02/2659356/0/en/Cannabis-Global-and-KRTL-International-Corp-Announce-Exclusive-Distribution-Agreement-for-Huella-Singani.html
Cannabis Global and KRTL International Corp. Announce Exclusive Distribution Agreement for Huella Singani
9:30 AM ET 5/2/23 | GlobeNewswire
Cannabis Global and KRTL International Corp. Announce Exclusive Distribution Agreement for Huella Singani
LOS ANGELES, May 02, 2023 (GLOBE NEWSWIRE) -- Cannabis Global, Inc. (OTC PINK: CBGL), a licensed Los Angeles-based manufacturer and distributor in the cannabis sector, and KRTL International Corp., today announced, an exclusive distribution agreement for Huella Singani in California. Under the terms of the agreement, CBGL will partner with KRTL to be the exclusive distributor of Huella Singani in California.
KRTL International Corp., a wholly owned subsidiary of KRTL Holding Group, Inc. (OTC PINK: KRTL), has entered into an exclusive distribution agreement in which KRTL International Corp. can license a uniquely exclusive drink from Bolivia, Huella Singani. The territories include United States, Canada, Mexico, Colombia, Dominican Republic, and Jamaica.
Singani is a Bolivian spirit distilled from white Muscat of the Alexandria grapes grown in the Bolivian Andes. It is the country's national distilled spirit and is considered part of its cultural patrimony. Huella is the first singani company in Bolivia to have successfully infused a non-psychoactive extract of the coca leaf into singani. Coca extract has been shown to have a variety of health benefits, including improved cognitive function, increased energy levels, and reduced inflammation. Huella Singani is committed to sustainability and nature. Huella's process is 100% ecological down to bottles that are made from 100% recycled ecological glass.
KRTL International has fostered multiple relationships in Bolivia and has scheduled trip back to Bolivia and Chile in the month of May. We are using this trip to further our international business activity. Together with CBGL, KRTL is excited, and committed to bringing innovative beverages to the US. The company is focused on the introduction, logistics and planning process involving this commemorative event.
"CBGL has taken multiple steps in its restructuring program by cancelling significant debt without taking on additional debt or equity financing to further strengthen its position and effectively bring intrinsic value to this venture," said Edward Manolos, CEO of Cannabis Global, Inc. "We are happy to report that the Company has maintained its current reporting with OTC Markets and is continuing in its efforts to complete the Company audit needed to once again become and SEC reporting company."
"Huella Singani embodies a rich culture from Bolivia. We are very excited to be the first to introduce it to the North American and Caribbean markets," said Nick Coss, Spirits Marketing & Logistics for KRTL International Corp.
About KRTL International Corp.
KRTL International Corp., a wholly owned subsidiary of KRTL Holding Group Inc. (OTC PINK: KRTL), is an organization focused on green technology. In addition, KRTL International is a consulting and distribution company focused on technology and innovations to help greater profitability, social governance, and environmental outcomes to increase and support the 2030 Agenda. This will contribute to improved production, nutritional quality, storage stability, food security, social equity, smart cities, technological advancement for sustainability and much more.
$CBGL NEWS! Cannabis Global and KRTL International Corp. Announce Exclusive Distribution Agreement for Huella Singani
LOS ANGELES, May 02, 2023 (GLOBE NEWSWIRE) -- Cannabis Global, Inc. (OTC PINK: CBGL), a licensed Los Angeles-based manufacturer and distributor in the cannabis sector, and KRTL International Corp., today announced, an exclusive distribution agreement for Huella Singani in California. Under the terms of the agreement, CBGL will partner with KRTL to be the exclusive distributor of Huella Singani in California.
KRTL International Corp., a wholly owned subsidiary of KRTL Holding Group, Inc. (OTC PINK: KRTL), has entered into an exclusive distribution agreement in which KRTL International Corp. can license a uniquely exclusive drink from Bolivia, Huella Singani. The territories include United States, Canada, Mexico, Colombia, Dominican Republic, and Jamaica.
Singani is a Bolivian spirit distilled from white Muscat of the Alexandria grapes grown in the Bolivian Andes. It is the country’s national distilled spirit and is considered part of its cultural patrimony. Huella is the first singani company in Bolivia to have successfully infused a non-psychoactive extract of the coca leaf into singani. Coca extract has been shown to have a variety of health benefits, including improved cognitive function, increased energy levels, and reduced inflammation. Huella Singani is committed to sustainability and nature. Huella’s process is 100% ecological down to bottles that are made from 100% recycled ecological glass.
KRTL International has fostered multiple relationships in Bolivia and has scheduled trip back to Bolivia and Chile in the month of May. We are using this trip to further our international business activity. Together with CBGL, KRTL is excited, and committed to bringing innovative beverages to the US. The company is focused on the introduction, logistics and planning process involving this commemorative event.
“CBGL has taken multiple steps in its restructuring program by cancelling significant debt without taking on additional debt or equity financing to further strengthen its position and effectively bring intrinsic value to this venture,” said Edward Manolos, CEO of Cannabis Global, Inc. “We are happy to report that the Company has maintained its current reporting with OTC Markets and is continuing in its efforts to complete the Company audit needed to once again become and SEC reporting company.”
“Huella Singani embodies a rich culture from Bolivia. We are very excited to be the first to introduce it to the North American and Caribbean markets,” said Nick Coss, Spirits Marketing & Logistics for KRTL International Corp.
About KRTL International Corp.
KRTL International Corp., a wholly owned subsidiary of KRTL Holding Group Inc. (OTC PINK: KRTL), is an organization focused on green technology. In addition, KRTL International is a consulting and distribution company focused on technology and innovations to help greater profitability, social governance, and environmental outcomes to increase and support the 2030 Agenda. This will contribute to improved production, nutritional quality, storage stability, food security, social equity, smart cities, technological advancement for sustainability and much more.
About Cannabis Global, Inc.
Cannabis Global, Inc. is a Los Angeles-based, fully audited and reporting Company with the OTC Markets Group, 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 and OTC Markets.
Corporate contact:
Edward Manolos
IR@cannabisglobalinc.com
https://www.globenewswire.com/news-release/2023/05/02/2659356/0/en/Cannabis-Global-and-KRTL-International-Corp-Announce-Exclusive-Distribution-Agreement-for-Huella-Singani.html
A good place to be right now CBGL
$CBGL is a global player in the fast growing and highly lucrative cannabis marketplace headquartered in bustling Downtown Los Angeles, California. The Company will be involved in both the industrial hemp markets, where permitted and legal under the 2018 Farm Bill, and the legal marijuana markets as permitted and licensed by way of various state and local laws and regulations.
$CBGL Company Profile https://www.otcmarkets.com/stock/CBGL/profile
$CBGL Quote https://www.otcmarkets.com/stock/CBGL/quote
$CBGL 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.
$CBGL on alert for more news and updates.
This is a great signal CBGL
Some unusual action here. 4.5M now on ask @ .0006 That is a fake wall. Some shenanigans going on here.
$CBGL 0006 ready to fall!
$CBGL Pink Current Information Verified Profile 04/2023
Transfer Agent Verified https://www.otcmarkets.com/stock/CBGL/profile
$CBGL Our New Family “Botan” long expected new cannabis brand.
https://cannabisglobalinc.com/new-brand-botan/
Same here Bud.
CBGL
$CBGL Cannabis Global Files Latest Quarterly Report – Receives Additional Debt Cancellations https://finance.yahoo.com/news/cannabis-global-files-latest-quarterly-190200342.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr via @YahooFinance
$CBGL on my radar, looking to add this week! https://www.otcmarkets.com/stock/CBGL/quote
$CBGL close to getting current. Market cap $600k $$
Which means very soon the OS (4.237B shares now) will be closing to the AS which is 12B shares! Not to mention De-listing to the TOXIC Expert-Market in the coming days...
$CBGL - Amended Registration a Offering Under the Securities Act of 1933 (1-a/a) $500,000 Offering https://ih.advfn.com/stock-market/USOTC/cannabis-global-pk-CBGL/stock-news/90484133/amended-registration-a-offering-under-the-securiti
So cbgl is kaput? Finished? Not sure what this means but doesn't sound good.
$CBGL - FORM 15 - CERTIFICATION AND NOTICE OF TERMINATION OF REGISTRATION https://fintel.io/doc/sec-cannabis-global-inc-1413488-1512g-2023-february-28-19416-1273
The TOXIC "SEC DELINQUENT Reporting" status for nearly Three Months! Why this Super-heavy-Endless Huge-Diluting Pos Scam (4.237B shares OS now) is still not De-Listed yet?
Did the otcmarkets.com "intentionally" forget to De-List CBGL?
Why did the seller stop dumping? Hmmm
Starting to get some movement here. Compliance and boom!!!
Nice Quick gain! I bought about 50M shares at 0.0003 ~ 0.0005 and sold all the shares at 0.0008 ~ 0.0004 for over 50% Easy profit! Then I've been frequently flipping small position between 0.0003 and 0.0008 for Quick Small gain.
I wish No De-Listing to Expert-Market action from the otcmarkets.com before my Final Liquidation because CBGL will soon crash to 0.0001 ~ 0.000001 as its previous-Pink-Sheet peers (such as UITA and RCMH) did!
BEWARE! CBGL has been at Dangerous TOXIC "SEC DELINQUENT Reporting" status for nearly Two Months!
The Billions Of Newly-Diluted shares will soon be dumped at 0.0001 ~ 0.000001 after the coming Inevitable De-Listing...
Note, the Huge AS is 12B shares while the Endless-Super-Heavy-Diluting OS is 4.237B shares now!
Buying CBGL at the Highly-Inflated 52-week-high 0.0073 = buying its Cannabis peer (PBHG: 4.595B shares FIXED OS) at 0.00673 v.s. its 52-week-high is Mere 0.0008 now and its recent high was only 0.0055!
Buying CBGL at the Highly-Inflated price 0.0008 = buying its Cannabis peer (PBHG) at 0.00074 v.s. at Mere 0.0002 now!
Buying CBGL at the Highly-Inflated price 0.0007 = buying its Cannabis peer (PBHG) at 0.00065 v.s. at Mere 0.0002 now!
Buying CBGL at the Highly-Inflated price 0.0006 = buying its Cannabis peer (PBHG) at 0.00056 v.s. at Mere 0.0002 now!
Buying CBGL at the Highly-Inflated price 0.0005 = buying its Cannabis peer (PBHG) at 0.00046 v.s. at Mere 0.0002 now!
Buying CBGL at the Highly-Inflated price 0.0004 = buying its Cannabis peer (PBHG) at 0.00037 v.s. at Mere 0.0002 now!
So, CBGL is at Hyper Overbought status and also Super Overvalued now!
I got out with a 40%+ profit 2 weeks ago.
CBGL will be De-Listed to the TOXIC Expert-Market as late as next Tuesday after the market close based on the otcmarkets.com listing rules!
So, January 30 ~ 31 will be the Last Two Days to Liquidate this Endless-Super-Heavy-Diluting Pos Scam before it is too late...
Who are those Very Stupid idiots which bought this Endless Super-Heavy Huge-Diluting Pos Scam at Highly-Inflated price levels 0.0008 ~ 0.0004 even after "SEC DELINQUNET" TOXIC status?
When the coming Inevitable De-Listing kicks in just several days later they will incur 800~400-Bagger Giant Losses at the New Bottom 0.000001! The current Bottom is 0.0003.
CBGL has 4.237B shares of Diluting-OS now while the AS is 12B shares! With Similar-OS count but Much-Much-Lower-AS count (8B shares) its peer is trading at Ridiculous-Low price 0.0002 now v.s. CBGL at Ridiculous-High price 0.0007 currently!
No thanks, I don't buy heavily promoted MJ "peers" of CBGL.
It's peers are undoubtedly scams and I don't buy scams for profit.
Who were buying large amount of shares at Ridiculous-High price levels 0.0008 ~ 0.0004 even after the TOXIC "SEC DELINQUENT" status? Once CBGL is Downgraded to the TOXIC Expert-Market this Endless-Super-Heavy Diluting Pos Scam will immediately crash to 0.000001 ~ 0.0001...
I'm very happy to have sold all the shares at decent gain after I saw Dangerous "SEC DELINIQUENT" Label/Sign!
Those Highly-Inflated price levels 0.0003 ~ 0.0073 buyers will never recover their Huge Losses here once De-Listing!
Anyway buying its Similar-OS (4.595B shares) Pink-Sheet NON-Delinquent peer at current Bottom price 0.0002 = buying CBGL (4.237B shares OS) at 0.0002 v.s. at Ridiculous-High price 0.0006 now!
All MJ is dead on the scam OTC, including CBGL’s unnamed “peer”.
Just another convicted Felon, Joe Noel pump, and dump. All the signs and warnings have been posted...over and over.
"No Bid At All" or New Bottom 0.000001 is a sure thing once the OTCmarkets.com De-Lists it to the Expert-Market in the coming days, please see what happened to its previous-Pink-Sheet but Now-Expert-Market peers (UITA and PUGE etc.)!
Not to mention the On-Going Endless Super Heavy Dilutions...
Keep in mind that the AS is 12B shares while the Diluting OS is 4.237B shares now!
At $0.0008 CBGL has Ridiculous-High $3.3896M MV v.s. its NON-Delinquent Fully-Reporting FIXED-SS peer only has Shocking-Low Mere $0.919M MV now (at $0.0002) with always the Same 4.595B shares OS!
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