PALM BEACH, Florida, Feb. 12, 2019 /PRNewswire/ -- Researchers in theUK have developed a new strain of cannabis that could help treat psychosis. Recently, a British researcher, Dr. David Potter and his team, have turned their attention to developing a cannabis-based treatment for psychosis
Cannabis treatment is effective for chronic pain and nausea and vomiting due to chemotherapy, according to a 2017 report by the National Academies of Sciences, Engineering and Medicine. Chronic pain is the most common reason given for medical marijuana prescriptions in the U.S., and chronic pain affects an estimated 100 million Americans, according to an article in healthaffairs.org. According to Statista, in 2018, legal sales of cannabis amounted to nearly 10 billion U.S. dollars, and sales are projected to be over $16 billion in 2021, of which the State of Oregon is expected to account for almost $1 billion.
The Yield Growth Corp. (CSE:BOSS) (OTCPK:BOSQF) BREAKING NEWS: Yield Growth Corp is pleased to announce that it has finalized product formulations and selected all THC and CBD strains for its first 9 products to launch in Oregon through a 400 retail distribution network.
Pursuant to its agreement with a licensed cannabis processing facility in Oregon, Yield Growth subsidiary UJ Topicals' branded products will be launching in the Oregon legal cannabis market. The products include CBD and THC oils, Analgesic Topical Gel with THC and CBD, Pain Balm with THC and CBD, Massage Oil with THC and CBD, and 3 types of capsules containing THC and Ayurvedic herbal formulations, blended with ingredients that have been used to treat arthritis and chronic pain. All of the cannabis topical products have been formulated based on Urban Juve proprietary formulas, for which 11 provisional patents have been filed in the U.S.
"We have formulated our products with very high concentrations of THC and CBD for maximum effect," says Penny Green, CEO of The Yield Growth Corp. "It's our hope that Oregon residents will embrace our cannabis products as viable treatments for chronic pain." Read this and more news for The Yield Growth Corp. at: https://www.financialnewsmedia.com/news-boss
Other recent developments and major influences in the healthcare/biotech industry include:
The Supreme Cannabis Company, Inc. (TSX-V: FIRE) (OTCQX: SPRWF) recently announced that it has received approval from The Depository Trust Company ("DTC") of New York to make the Company's shares DTC eligible. DTC is a subsidiary of the Depository Trust & Clearing Corporation, a U.S. company that manages the electronic clearing and settlement of publicly traded companies. Securities that are eligible to be electronically cleared and settled through DTC are considered to be "DTC eligible". This electronic method of clearing securities speeds up the receipt of stock and cash, and thus accelerates the settlement process for certain investors. "DTC eligibility greatly simplifies the process of trading our common stock in the United States, further improving our investment appeal south of the border," said Navdeep Dhaliwal, CEO of Supreme Cannabis.
Aphria Inc. (TSX: APHA) (NYSE: APHA) the company recently announced the appointment of Brett D. Marchand as Senior Vice President of Supply Chain effective February 11, 2019 . Previously, Mr. Marchand was Vice President of Supply Chain and Logistics Canada at The Northwest Company ("NWC") where he was responsible for overseeing a supply network that supported 140 remote access retail grocery and general merchandise stores across Canada's North. "I am pleased to welcome Brett, a distinguished veteran and highly accomplished leader, into the Aphria family," said Jakob Ripshtein, President of Aphria. "Brett's tenure in similar roles across a broad scale of growth-focused companies has led to an impressive record of optimizing corporate operational strategies and maximizing profitability.
The Green Organic Dutchman Holdings Ltd. (TSX:TGOD.TO) (OTCQX: TGODF) the company recently announced that it had secured a cannabis supply agreement with the Ontario Cannabis Retail Corporation. " Ontario has the largest population in Canada and is a critical component to TGOD's national recreational rollout," commented Brian Athaide , Director and CEO. "This represents the first of many provincial supply agreements planned for our premium organic product as our domestic facilities near completion and production increases throughout 2019."
MedMen Enterprises Inc. (CSE:MMEN.CN) (OTCQX: MMNFF) recently, the company announced that it has closed its previously announced acquisition (the "Acquisition") of Seven Point, a licensed medical cannabis dispensary located in the historic Chicago suburb of Oak Park, Illinois. Pursuant to the Acquisition, the Company paid a combination of cash at closing, deferred cash and subordinate voting shares of MedMen, for an undisclosed total amount.
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