Cannabis Global Comments on Closing Its Fiscal Year, Debt Restructuring Program and the Launch of New Unique Products, Including Cannabis Infused Drinking Straws
Cannabis Global Comments on Closing Its Fiscal Year, Debt Restructuring Program and the Launch of New Unique Products, Including Cannabis Infused Drinking Straws
LOS ANGELES, CA , Aug. 25, 2022 (GLOBE NEWSWIRE) -- Cannabis Global, Inc. (OTC: CBGL), a licensed Los Angeles-based manufacturer and distributor in the cannabis sector, today makes comments on expected corporate growth and unique products launching into the California Cannabis marketplace. For the fiscal year ending on August 31, 2022, the Company expects to report strong growth, driven by new product introductions and multiple new distribution partnerships.
加利福尼亞州洛杉磯，2022年8月25日(Global Newswire)--大麻全球公司(場外交易代碼：CBGL)是一家總部位於洛杉磯的大麻行業特許製造商和經銷商，該公司今天就預期的公司增長和向加州大麻市場推出的獨特產品發表評論。在截至2022年8月31日的財年，該公司預計將在新產品推出和多個新的分銷合作伙伴關係的推動下實現強勁增長。
Edward Manolos, CEO of Cannabis Global, commented, "We are close to closing out a strong fiscal year ending August 31, 2022. This fiscal year, the main goals were to complete R&D programs, grow revenue, restructure and reduce debt, and launch new products into the cannabis landscape. We have achieved many of these goals while also substantially growing our revenue base. Thus, we are expecting to close this fiscal year with strong growth compared to previous periods. We are even more excited about fiscal 2023, which starts on September 1, 2022. We believe our growth trajectory will continue with numerous new customers and a host of innovative and unique new offerings."
Cannabis Global首席執行官愛德華·馬諾洛斯表示：“截至2022年8月31日，我們即將結束一個強勁的財政年度。本財年的主要目標是完成研發計劃，增加收入，重組和減少債務，並向大麻領域推出新產品。我們已經實現了這些目標中的許多，同時也大幅增加了我們的收入基礎。因此，我們預計本財年結束時，與前幾個時期相比將出現強勁增長。我們對2022年9月1日開始的2023財年更加興奮。我們相信，我們的增長軌跡將繼續，擁有無數的新客户和一系列創新和獨特的新產品。“
Over the past few months, the Company has launched 23 new products and has significantly increased its sales and marketing presence. New product introductions will continue into the early part of fiscal 2023 with new solventless products, new forms of cannabis concentrates, and most importantly, Cannabis Infused Drinking Straws for which the Company expects to be the preferred manufacturer and distributor for the entire State of California.
在過去的幾個月裏，該公司已經推出了23種新產品，並顯著增加了其銷售和營銷存在。新產品的推出將持續到2023財年初，推出新的無溶劑產品、新形式的大麻濃縮物，以及最重要的是，大麻注入的吸管，該公司預計將成為整個加利福尼亞州的首選製造商和分銷商。
During Fiscal 2022, Cannabis Global restructured much of its debt via debt consolidations. A major goal over the coming quarters will be to further consolidate and reduce overall debt on the balance sheet. This debt restructuring program, which is now being implemented, will be outlined as additional steps are taken by the Company toward this goal.
在2022財年，Cannabis Global通過債務合併重組了大部分債務。未來幾個季度的一個主要目標將是進一步鞏固和減少資產負債表上的整體債務。目前正在實施的這項債務重組計劃將隨着公司朝着這一目標採取更多步驟而概述。
Mr. Manolos continued, "It's been a year of restructuring, R&D, change of management, and marketing rebuild for our Company. However, we believe the most challenging segments of our turnaround are behind us. With demonstrable renewed revenue growth, a customer-focused product portfolio, and strengthening marketing relationships, we are very optimistic about our prospects for continued growth. Moreover, we believe these growth prospects will strengthen even more as we begin production and distribution of one of the most exciting products to come along in recent memory - Cannabis Infused Drinking Straws. Over the coming weeks, we will discuss this innovative cannabis delivery technology and the brands we have selected to be the first to offer this new product type to consumers."
馬諾洛斯先生繼續説道：“對我們公司來説，這是重組、研發、管理層變動和營銷重建的一年。然而，我們相信，我們扭虧為盈的最具挑戰性的部分已經過去。憑藉明顯的收入增長、以客户為中心的產品組合以及加強的營銷關係，我們對我們的持續增長前景非常樂觀。此外，我們相信，隨着我們開始生產和分銷近年來最令人興奮的產品之一--注入大麻的吸管，這些增長前景將更加強勁。在接下來的幾周裏，我們將討論這種創新的大麻輸送技術，以及我們選擇的第一個向消費者提供這種新產品類型的品牌。“
These product and brand introductions include:
這些產品和品牌介紹包括：
Cannabis Infused Drinking Straws - Cannabis Infused Drinking Straws hold the potential to change the entire "edibles" category of cannabis retail products. Instead of purchasing a cannabis-infused beverage from a retailer, the consumer can buy a drinking straw lined with unflavored cannabis extracts and then select the beverage of their choice to enjoy a new cannabis experience - or purchase a straw with internal flavoring as a way to add cannabis extracts to water. The brands launching this new technology expect to be the first to market for this category, with samples available to retailers during the first week of September 2022.
注入吸管的大麻--注入大麻的吸管有可能改變大麻零售產品的整個“可食用”類別。消費者不需要從零售商那裏購買注入大麻的飲料，而是可以購買一根襯着無味大麻提取物的吸管，然後選擇他們選擇的飲料來享受一種新的大麻體驗-或者購買一根帶有內部調味的吸管，作為向水中添加大麻提取物的一種方式。推出這項新技術的品牌預計將成為這一類別的第一個市場，零售商將在2022年9月的第一週提供樣品。
El Cheapo Branded Edibles - Earlier this year, Cannabis Global and Caliwanna Distribution formed a subsidiary of the Company named Caliwanna Cannabis Global to market and distribute new cannabis products under several brand names. The El Cheapo brand is based on utilizing the best ingredients available and zero cannabis taste infusions and then pricing to retailers at or below less competitive products that are based on inferior ingredients and far less desirable taste profiles. This "Zero Cannabis Taste" product line began shipping last month. The Caliwanna Cannabis Global website can be viewed at .
El Cheapo品牌食品-今年早些時候，大麻全球公司和卡利旺特分銷公司成立了該公司的一家子公司，名為卡利旺特大麻全球公司，以幾個品牌營銷和分銷新的大麻產品。El Cheapo品牌的基礎是利用可用的最佳配料和零大麻味道注入，然後向零售商定價為競爭力較弱的產品，這些產品基於劣質配料和遠不那麼令人滿意的品味特徵。這款“零大麻味”產品線上個月開始發貨。卡利旺特大麻全球網站可在以下網址查看.
Northern Lights Branded Products - Cannabis Global has introduced its Northern Lights branded products in conjunction with Equity Brands, Inc. of Long Beach, California. The products line, which has recently passed California compliance testing, will include nine product SKUs of cannabis flower, rosin-infused prerolls, and no cannabis taste edibles. The product brand positioning for Northern Lights will be one of premium ingredients at highly competitive pricing. The new product line can be viewed at .
北極光品牌產品-大麻全球公司與加利福尼亞州長灘的Equity Brands，Inc.聯合推出了北極光品牌產品。該產品線最近通過了加州的合規測試，將包括9個產品SKU的大麻花，注入松香的預卷，以及沒有大麻味道的可食用產品。北極光的產品品牌定位將是價格極具競爭力的優質原料之一。新的產品線可以在上查看。
8-Bit Buds - Cannabis Global's product and distribution partnership with the 8-Bits Buds brand is expanding this week via the launch of three new ultra-potency rosin-infused cannabis prerolls. NPE has completed production on the initial orders, with shipping beginning throughout California this week. In addition, the companies are expanding their collective sales and distribution of several SKU's of packaged cannabis flower, with several new products being launched this month. The 8-Bits Buds product line can be viewed at .
8位Buds-大麻全球公司與8位芽品牌的產品和分銷夥伴關係本週正在擴大，推出了三種新的超強效松香注入大麻預捲曲。NPE已經完成了最初訂單的生產，本週開始在加州各地發貨。此外，這些公司正在擴大幾種包裝大麻花的集體銷售和分銷，本月將推出幾種新產品。8位Buds產品線可在以下位置查看.
Wolfgang Wax Solventless Products - In conjunction with its Caliwanna partners, Natural Plant Extract of California (NPE), has been selected as the manufacturing partner for a new line of solventless products, including rosin-infused prerolls, cannabis rosin, and high potency, enhanced Lebanese-style hash. The new branding for Wolfgang Wax is viewable at .
沃爾夫岡石蠟無溶劑產品-與其卡利旺特合作伙伴一起，加州天然植物提取物(NPE)已被選為新的無溶劑產品線的製造合作伙伴，包括注入松香的預卷、大麻松香和高效力、增強型黎巴嫩風格散列。沃爾夫岡蠟的新品牌可在以下網址查看.
White Label Manufacturing - During August, the Company plans to begin shipping three new cannabis flower and edibles product SKUs for delivery services under a white label manufacturing contract.
白標製造-8月份，該公司計劃開始根據一份白標製造合同發運三個新的大麻花和食用產品SKU，用於交付服務。
Hash 2.0 Company Brand - In conjunction with several of its partnership companies, the Company will be launching a new line of extracted cannabis products of traditional Lebanese-style blond hash, but at potency levels considerably above the traditionally styled product category. Natural Plants Extract plans to launch the new product type via several brand partners.
Hash 2.0公司品牌-該公司將與其幾家合作公司合作，推出一系列新的從傳統黎巴嫩風格的金髮哈希提取的大麻產品，但效力水平遠遠高於傳統風格的產品類別。天然植物提取物計劃通過幾個品牌合作伙伴推出這一新產品類型。
Cannabis Beverage and Specialty Products Distribution - In September, Cannabis Global plans to launch the manufacturing and distribution of a new class of cannabis infusion emulsion technology. These products will be based on chemical-free, nano, and microemulsions to be used as the base infusion technologies for various cannabis beverages, edibles, and related products.
大麻飲料和特產經銷--9月，Cannabis Global計劃推出一種新型大麻輸液乳劑技術的製造和分銷。這些產品將以無化學物質、納米和微乳為基礎，作為各種大麻飲料、食品和相關產品的基礎浸泡技術。
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:
Eddie Manolos
IR@cannabisglobalinc.com
公司聯繫人：
埃迪·馬諾洛斯
郵箱：ir@canabislobalinc.com
譯文內容由第三人軟體翻譯。