Finding Winners and Runners in 2020!!!
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Bids moving up. Current spread @ .06 x .063
Here come the ask slaps!
News today:
Cannabis Global Seeks to Rewrite THC Cost and Bioavailability via Inclusion of THC Under Provisional Patent Filed Nanotechnol...
LOS ANGELES, CA -- October 20, 2020 -- InvestorsHub NewsWire -- Cannabis Global, Inc. (OTC: CBGL) ("Cannabis Global" or the "Company"), a cannabinoid and hemp extract science-forward company developing unique infusion technologies and products, today announces the addition of Tetrahydrocannabinol (THC) to its Project Varin research program, in partnership with Natural Plant Extract of California, Inc ("NPE"), a licensed and regulated cannabis products manufacturer. The Company's goal is to demonstrate the cost advantages of using its proprietary and provisional patent pending nanoparticle and nanofiber technologies to significantly change the cost model relating to the addition of THC to consumer products.
"Our goal with THC and Project Varin is simple: delivering to the cannabis industry a better form of THC that is substantially more effective, less expensive, and free of the potentially dangerous chemicals used in currently available formulations. Over the past few months, our research program has made substantial progress toward these goals with strong successes in CBD, Tetrahydrocannabivarin (THC-V), and Cannabinol (CBN). By applying what we have learned thus far to THC, we hope to formulate an entirely new class of THC product for the cannabis industry that will be included under our nanotechnology provisional patent filing and future patent applications," commented Company CEO, Arman Tabatabaei.
Last year, Cannabis Global filed six provisional patent applications, one of which outlined the methods and end product of technologies to create new forms of polymeric cannabinoid nanoparticles. Since the nanoparticle filing, the Company has expanded its research to include several of the lesser-known cannabinoids, such as Tetrahydrocannabivarin (THC-V) and Cannabinol (CBN). The Company plans to add Tetrahydrocannabinol (THC) to the program with the aim of creating new particles and fibers that will allow product formulators and manufacturers to use a fraction of the active ingredient while providing superior effectiveness for consumers.
The Company's addition of THC to Project Varin will be performed in conjunction with Natural Plant Extract of California, Inc. ("NPE"), which operates a licensed cannabis manufacturing and distribution business operation out of Lynwood, California. NPE owns a Type 7 California Manufacturing License as well as a California Distribution license. The Company recently announced an agreement to purchase (18.8%) of Natural Plant Extract's outstanding capital stock.
Mr. Tabatabaei added, "What we have achieved in only one year relative to the production of cannabinoids containing nanofibers and particles is unique. While the current state of the art for cannabinoid nanotechnology relies on a variety of chemicals to load particles and fibers at approximately 13% of active ingredients, we have invented methods to create loaded particles at over 50% in both ultra-fast acting and sustained-release formats. Currently available technologies add unacceptable tastes and odors due to the use of chemicals. Our formulations are free of surfactants, emulsifiers, and similar chemicals. The addition of THC to our program adds significant value to our intellectual property portfolio, and will be a strong addition to our upcoming patent filings."
The use of nanotechnologies in the cannabis industry is not new, with many licensed dispensaries and delivery services offering products. Consumers often prefer the nano-enhanced version of products due to the increased psychoactive effect; such products, however, are expensive to manufacturer and are loaded with significant amounts of chemical surfactants, emulsifiers, and other additives, which may not be healthy and usually added very unpleasant flavors to foods and beverages. The Company's technologies are designed to produce cannabinoids that offer vastly different properties that are free of surfactants, emulsifiers, and similar chemicals.
https://ih.advfn.com/stock-market/USOTC/cannabis-global-pk-CBGL/stock-news/83494006/cannabis-global-seeks-to-rewrite-thc-cost-and-bioa
CBGL is buzzing around the ticker buzz cloud! https://investorshub.advfn.com/boards/tcloud2.aspx
$CBGL 52wk high = $1
$CBGL 52wk high = $1
Project Varin was launched in early 2020 to develop new delivery methods for rare cannabinoid Tetrahydrocannabivarin (THV-C) and to develop products based on this cannabinoid. Later this week we are getting an update on that project.
CBGL 52wk high is over $1
Been seeing some nice ask slaps all throughout the day today.
Churning green
$CBGL Tweet alert!
Cannabis Global Inc. plans to update investors on it Project Varin later this week. More positive results toward its goal to create better cannabinoids. Stay tuned. $CBGL #HempYouCanFeel #CBD #Amazon pic.twitter.com/VUycbyrqEK
— CannabisGlobalinc (@CannabisGInc) October 19, 2020
$CBGL Tweet alert!
Cannabis Global Inc. plans to update investors on it Project Varin later this week. More positive results toward its goal to create better cannabinoids. Stay tuned. $CBGL #HempYouCanFeel #CBD #Amazon pic.twitter.com/VUycbyrqEK
— CannabisGlobalinc (@CannabisGInc) October 19, 2020
Thinking we close green today
BTDG already moving back up! Nice!
BTDG looking better today
Last week's news was strong! >>
Cannabis Global Pre-Announces Expected $2.35 million Increase in Net Assets
LOS ANGELES, Oct. 13, 2020 /PRNewswire/ -- Cannabis Global, Inc. (OTC: CBGL) ("Cannabis Global" or the "Company"), a cannabinoid and hemp extract science-forward company developing unique infusion technologies and products, is pleased to pre-announce some aspects of its financial performance for the fiscal year ended August 31, 2020, including a significant increase in assets reported on its balance sheet for the period.
While the Company expects to file its full annual report for the fiscal year ending August 31, 2020, prior to the deadline of November 15, 2020, Cannabis Global expects the balance sheet to show significant improvements. Assets are expected to be reported at approximately $2,396,558, up from $807,824 as of the end of the quarter ending May 31, 2020. Of the increase, approximately $1.7 million is attributable to the recent investment in 266,667 shares of common stock of Natural Plant Extract of California Inc., a California corporation ("NPE"), representing 18.8% of the outstanding capital stock of NPE on a fully diluted basis. NPE operates a licensed psychoactive cannabis manufacturing and distribution business operation in Lynwood, California. Additionally, the Company expects an additional step-up of tangible assets of $650,000 relating to its recently announced share exchange with strategic technology and marketing partner, Marijuana Company of America, Inc. (OTC: "MCOA"). The sum of the increases in assets is expected to total approximately $2.35 million.
"We recently made acquisitions of two valuable assets within the cannabis and hemp marketplaces," commented Arman Tabatabaei, CEO of the Company. "We have made great progress in only one year developing some strong technologies, filing several provisional patents, and launching some of the industry's most innovative products. We feel strongly that the expected significant increase in our assets, will more accurately reflect the value we have created for our shareholders."
https://www.otcmarkets.com/stock/CBGL/news/story?e&id=1712847
L2 looking thin as usual!
.064 x .066 spread thinning out and bids moving up!
Bids are stacked all through the 05s. Support looking like it's gonna hold...
$CBGL Current RSI @ 31
$CBGL Current RSI @ 31
Let's turn up today $BTDG
Current RSI is at 31! This is in extremely oversold territory!
Morning $CBGL
Bounce gonna come from these levels. Hold your shares tight!
Indeed she has a thin float!
$CBGL very oversold with current RSI at 35!
$CBGL very oversold with current RSI at 35!
Should see buying start again in the afternoon
$CBGL huge news this week regarding $2.35M increase in assets https://ih.advfn.com/stock-market/USOTC/cannabis-global-pk-CBGL/stock-news/83447141/cannabis-global-pre-announces-expected-2-35-milli
$CBGL huge news this week regarding $2.35M increase in assets https://ih.advfn.com/stock-market/USOTC/cannabis-global-pk-CBGL/stock-news/83447141/cannabis-global-pre-announces-expected-2-35-milli
This is still up 16%
Nice bids stacked. Support looks like it's gonna hold.
We hit .08 break out of the gate!
Morning $CBGL! Hoping to see a turn this morning.
$CBGL 3M Float
$CBGL 3M Float