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LOS ANGELES, CA / ACCESSWIRE / January 19, 2021 / Cannabis Global, Inc. (OTC PINK:CBGL), an innovation-oriented company investing in disruptive cannabis and hemp-related technologies, today announces the filing of a new patent on a unique method to produce water-soluble cannabinoids. The patent announced today relates to a composition comprising one or more cannabosides and a method of producing one or more cannabosides. In particular, by feeding an insect a cannabinoid and harvesting the insect, excluding honey bees, to improve aqueous solubility and stability of cannabinoids. The patent claims coverage of both the process to create the compounds, and the use of the compounds in foodstuffs and pharmaceutical preparations.
Cannabis Global Files Patent on Animal-Based Cannabosides - A New Form of Animal Processed Cannabinoids for Food and Beverages
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Cannabis Global s Q1 Financial Overview as it Continues to Grow Long-Term Asset Base with Focus on Nationwide Cannabis Markets
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LOS ANGELES, CA / ACCESSWIRE / January 14, 2021 / Cannabis Global, Inc. (OTC PINK:CBGL), an innovation-oriented company investing in disruptive cannabis and hemp-related technologies, today announces its financial results for the quarterly period ending November 30, 2020, which was recently reported on Form 10-Q with the Securities & Exchange Commission. Long-term assets increased to over $2.5 million during the quarterly period due to the Company taking stakes in cannabis operations with national and international business opportunities. Total assets, as of the end of the reporting period, increased by 38% compared to the previous fiscal year end period ending August 31, 2020.
Essential to the asset value increases were the investments in Natural Plant Extracts, which operates a licensed cannabis manufacturing and distribution business in the Los Angeles area, in which the Company now owns an approximate 18.8% common share position and in Marijuana Company of America (OTC:MCOA
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LOS ANGELES, CA / ACCESSWIRE / January 7, 2021 / Cannabis Global, Inc. (OTC PINK:CBGL), an innovation-oriented company investing in disruptive cannabis and hemp-related technologies and Marijuana Company of America (OTC PINK:MCOA), each of which is the largest shareholder of the other, today discuss planned strategies to target the coming national market for cannabis, as the Democratic Party is set to take control of the U.S. Senate, thus controlling the legislative agenda for the foreseeable future. Both Companies believe there will be congressional action to lift prohibitions on cannabis, creating a new national market for cannabis and cannabis products.
Arman Tabatabaei and Jesus Quintero, CEOs of CBGL and MCOA, respectively, jointly commented, With the Democratic Party controlling the executive and legislative branches, the prospects for ultimate passage of the MORE Act, which will remove cannabis from the list of federally controlled substances, are excellent and we predi