DigiPath (OTCQB:DIGP) reported that two cannabis strains tested in its Las Vegas lab had returned cannibinoid levels of over 30 percent. The two strains, Headcheese and True OG, were cultivated by Nevada’s Polaris MMJ.
As quoted in the press release:

After analyzing over six hundred cannabis flower samples, two separate cured cannabis flower samples were certified at 35.1% and 37.5% total cannabinoid content.  The two strains in question, Headcheese and True OG, are new arrivals to the Las Vegas medical marijuana community through the cultivating efforts of Polaris MMJ.  Cannabinoid levels coming in over 30% are unique, not just in Vegas but across the country.
A closer look at the breakdown of cannabinoids in these two strains reveals two unique profiles.  The hybrid Headcheese strain produced not only a remarkable 31.35% THCA but an even lesser seen level of 2.46% CBGA, the chemical precursor molecule of both THCA and CBDA; while True OG came in with a whopping 35.9% THCA.  From the terpenoid profiles, we observed high levels of myrcene (think mango, lemongrass, relaxed, happy) and isopulegol (the precursor to menthol) in the Headcheese strain while the True OG strain also had notable myrcene, limonene (love lemon) and linalool (anti-epileptic, lavender).


Digipath Labs Chief Science Officer, Cindy Orser, said:

Headcheese, a sativa-indica hybrid strain has attracted followings across the country due to its impressive THCA levels attributed to its astonishing analgesic benefits to alleviate migraines, inflammation, spasms and insomnia. The cured yellow-green brain-shaped flower buds have a lemon, pine, and cheese aroma leaving an earthy not fruity taste.  The cheese-head effects are reportedly a total mind body experience, both relaxing and euphoric.

Click here for the full press release.

Lexaria Bioscience Corp. (NASDAQ:LEXX)(NASDAQ:LEXXW)(CSE:LXX) (the “Company” or “Lexaria”), a global innovator in drug delivery platforms, is pleased to announce the appointment of Mr. Al Reese, Jr., to its Board of Directors

Mr. Reese has over 40 years experience in public and private businesses including as CFO of a formerly Nasdaq-listed energy company where he arranged finance transactions totaling over $10 billion dollars during his 20-year tenure. Mr. Reese was a Director and Chairman of the Audit Committee of a community bank in Texas for ten years until such time as it was acquired by a larger banking group in 2018.

Keep reading... Show less

Mexico looks to be closer than ever to cannabis reform, with the country releasing its regulation plans to make the drug legal in medical settings.

Meanwhile, despite the financial hardships seen recently in the Canadian cannabis market, CEOs in the country are still receiving top dollar, as per a new study.

Keep reading... Show less

Not for Distribution to United States Newswire Services or for Dissemination in the United States

Cresco Labs (CSE:CL) (OTCQX:CRLBF) (“Cresco” or the “Company”), one of the largest vertically integrated multistate cannabis operators in the United States, announced today the pricing of its previously announced best efforts overnight marketed offering (the “Offering”) of subordinate voting shares (the “Offered Securities”) of the Company at a price of C$16.00 per share for a total gross proceeds of approximately US$125 Million. The issue price represents a 3.3% discount to the last close of the Company’s subordinate voting shares traded on the Canadian Securities Exchange as of January 14, 2021. 100% of the Offering is expected to be purchased by a total of seven new and existing institutional investors, including current shareholder, Wasatch Global Investors.

Keep reading... Show less

Wall Street Reporter, the trusted name in financial news since 1843, has published reports on the latest comments and insights from leaders at: Tilray, Inc. (NASDAQ: TLRY), Icanic Brands (OTC: ICNAF) (CSE: ICAN) Red Light Holland (OTC: TRUFF) (CSE: TRIP) and Aphria, Inc. (NASDAQ: APHA).

Investors are cheering new and expected legislation which is opening new market opportunities for both cannabis and psychedelics globally. Innovation in premium branding, growing technologies, manufacturing, with operational execution are key, in the drive towards profitability. Wall Street Reporter highlights the latest comments from industry thought leaders in cannabis and psychedelics:

Keep reading... Show less

Lexaria Bioscience Corp. (NASDAQ:LEXX)(NASDAQ:LEXXW)(CSE:LXX) (the “Company”) today announced the closing of its previously announced underwritten public offering (the “Offering”) of 1,828,571 units, each unit consisting of one share of common stock and one warrant to purchase one share of common stock at a public offering price of $5.25 per unit (all prices in US$). The warrants have an exercise price of $6.58 per share, are immediately exercisable and will expire five years following the date of issuance. In connection with the Offering, the underwriter exercised in full its option to purchase an additional 274,285 shares of common stock and additional warrants to purchase 274,285 shares of common stock. The gross proceeds from the Offering were approximately $11.04 million, before deducting underwriting discounts and estimated offering expenses. No securities were offered or sold in Canada, including through the CSE or any other trading market in Canada

H.C. Wainwright & Co. (“Wainwright”) acted as the sole book-running manager for the Offering and is a non-related party to the Company.

Keep reading... Show less