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Cannabis Global Commences "Fresh Frozen" Supply Contract with Sugarmade Inc.

Cannabis Global Commences "Fresh Frozen" Supply Contract with Sugarmade Inc.

大麻全球公司與SugarMade Inc.簽訂“新鮮冷凍”供應合同。
Accesswire ·  2022/05/03 20:08

LOS ANGELES, CA / ACCESSWIRE / May 3, 2022 / Cannabis Global, Inc. (OTC PINK:CBGL), Cannabis Global, Inc., a licensed Los Angeles-based manufacturer and distributor in the cannabis sector, today announced an important supply agreement to solidify the Company's position in the solventless cannabis product sector. Under the terms of an agreement, Sugarmade, Inc. (OTC Pink:SGMD) will cultivate cannabis specifically for Cannabis Global. The initial contract calls for the supply of 25,000 pounds of "Fresh Frozen" cannabis, which will be cultivated specifically to Cannabis Global's specifications.

加利福尼亞州洛杉磯/ACCESSWIRE/2022年5月3日/亞洲網加利福尼亞州聖何塞10月23日電大麻全球公司(場外交易市場代碼:CBGL)是一家總部設在洛杉磯的獲得許可的大麻生產和分銷商,該公司今天宣佈了一項重要的供應協議,以鞏固該公司在無溶劑大麻產品領域的地位。根據協議條款,SugarMade,Inc.(場外交易市場代碼:SGMD)將專門為大麻全球公司種植大麻。最初的合同要求供應25,000磅“新鮮冷凍”大麻,這些大麻將專門根據大麻全球公司的規格進行種植。

Fresh Frozen cannabis is immediately flash frozen upon harvest - instead of the traditional treatment of drying and curing after harvest. This form of cannabis is almost exclusively used to create ultra-premium cannabis concentrates, such as live rosin, hash and live resin.

新鮮的冷凍大麻在收穫後立即快速冷凍--而不是傳統的收穫後乾燥和醃製的處理方法。這種形式的大麻幾乎只用於製造超優質的大麻濃縮物,如活松香、哈希和活樹脂。

"This Agreement serves several very important purposes," commented CEO Arman Tabatabaei. "By contracting with Sugarmade we will be able to specify exactly the strains and cultivation parameters that will enable us to produce the finest hash and rosin products for our customers. By locking in a $28 per pound future price, compared to the current spot price well in excess of $100 per pound, we expect our margins to be meaningfully enhanced. Perhaps even more importantly, having a steady supply of premium Fresh Frozen cannabis will allow us to provide consistency in our products and to ensure an adequate supply of products will be available to our very fast growing base of retail customers. As we have recently announced, our retail base and our revenues are ramping quickly. This Agreement helps us to meet the substantial demand we are experiencing."

首席執行官Arman Tabatabaei表示:“這項協議有幾個非常重要的目的。”通過與SugarMade簽訂合同,我們將能夠準確地指定菌種和培養參數,使我們能夠為我們的客户生產最好的哈希和松香產品。通過鎖定每磅28美元的未來價格,而目前的現貨價格遠遠超過每磅100美元,我們預計我們的利潤率將顯著提高。也許更重要的是,擁有穩定的優質新鮮冷凍大麻供應將使我們的產品保持一致,並確保我們快速增長的零售客户羣能夠獲得足夠的產品供應。正如我們最近宣佈的那樣,我們的零售基礎和收入正在迅速增長。這項協議幫助我們滿足了我們正在經歷的巨大需求。“

The companies have signed a pre-booked, fixed-price contract for an initial 25,000 pounds for $700,000, which will include cash payments from Cannabis Global to Sugarmade of $300,000, with notes accounting for the remaining $400,000. Planting is expected to begin in mid-May and continue into early June. Cannabis Global will also hold an option to purchase additional pounds if the cannabis cultivation effort yields excess materials.

兩家公司已經簽署了一份預先預訂的固定價格合同,最初價值2.5萬英鎊,價值70萬美元,其中將包括大麻全球公司向糖業支付的30萬美元現金,其餘40萬美元將由紙幣支付。種植預計從5月中旬開始,一直持續到6月初。如果大麻種植工作產生多餘的材料,大麻全球公司還將擁有購買額外磅的選擇權。

Mr. Tabatabaei continued, "We plan to process a significant amount of this material at our Lynwood California location. In addition, we will enter the wholesale space to supply up to 10 separate strains of Fresh Frozen Cannabis to other solventless manufacturers in the Los Angeles area. With the market for solventless products growing rapidly, we believe this agreement will be an important component of our future success."

塔巴塔巴伊繼續説道:“我們計劃在加州林伍德工廠加工大量這種材料。此外,我們還將進入批發市場,向洛杉磯地區的其他無溶劑產品製造商供應多達10種不同的新鮮冷凍大麻。隨着無溶劑產品市場的快速增長,我們相信這項協議將成為我們未來成功的重要組成部分。”

Cannabis Global plans to launch its premium rosin line under the Wolfgang Wax brand name by way of its recent acquisition of the Caliwanna, LLC brands. In addition, Cannabis Global will utilize the rosin concentrates produced from the biomass to enhance its rosin preroll and edible lines, and in the future for inclusion in cannabis beverages and tinctures, we are currently in development.

大麻全球公司計劃通過最近收購卡利旺特,LLC品牌,以沃爾夫岡蠟品牌推出其優質松香系列。此外,Cannabis Global將利用從生物質中生產的松香濃縮液來增強其松香預捲曲和可食用系列,並在未來用於大麻飲料和酊劑,我們目前正在開發中。

About Cannabis Global, Inc.

關於大麻全球公司

Cannabis Global, Inc. is a Los Angeles-based, 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.

大麻環球公司是一家總部設在洛杉磯的全面審計和報告公司,在美國證券交易委員會任職,股票代碼為CBGL。我們是大麻市場的一支新興力量,擁有不斷增長的產品和專有知識產權組合。我們正在營銷和生產Compliance Bag™,這是一種用於大麻存儲、運輸和跟蹤的創新解決方案。我們的子公司天然植物提取物(NPE)是一家獲得南加州許可的大麻製造商和經銷商,它授權我們的技術為大麻市場生產可食用產品。大麻全球公司已經為大麻輸注和納米顆粒技術申請了三項非臨時專利和多項臨時專利,並繼續進行積極的研發計劃。

Forward-Looking Statements

前瞻性陳述

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.

本新聞稿包含並非純粹歷史性的“前瞻性陳述”,可能包括有關對未來的信念、計劃、期望或意圖的任何陳述。此類前瞻性表述包括新商機的發展、成本和結果,以及諸如“預期”、“尋求”、“打算”、“相信”、“估計”、“預期”、“項目”、“計劃”等詞彙,或類似的表述可被視為1995年“私人證券訴訟改革法案”所指的“前瞻性表述”。由於許多因素,實際結果可能與任何前瞻性陳述中預測的結果不同。這些因素包括與新項目相關的固有不確定性、未來美國和全球經濟、競爭的影響,以及該公司對現有法規的依賴,這些法規涉及大麻產品的使用和開發。這些前瞻性陳述是截至本新聞稿發佈之日作出的,我們沒有義務更新前瞻性陳述,也沒有義務更新實際結果可能與前瞻性陳述中預測的結果不同的原因。儘管我們相信本新聞稿中包含的任何信念、計劃、預期和意圖都是合理的,但不能保證任何此類信念、計劃、預期或意圖將被證明是準確的。投資者應參考此處列出的所有信息,也應參考我們的年度報告Form 10-K、我們的Form 10-Q季度報告以及不定期提交給美國證券交易委員會的其他定期報告中概述的風險因素披露。欲瞭解更多信息,請訪問www.sec.gov。

Corporate contact:
Arman Tabatabaei
IR@cannabisglobalinc.com
+1-(310)-986-4929

公司聯繫人:
阿爾曼·塔巴塔巴伊
郵箱:ir@canabislobalinc.com
+1-(310)-986-4929

IR Contact:
Stuart Smith
ssmith@smallcapvoice.com

IR聯繫人:
斯圖爾特·史密斯
郵箱:ssmith@SmallCapVoice.Com

SOURCE: Cannabis Global, Inc.

資料來源:大麻全球公司。


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