CORAL SPRINGS, Florida, July 6, 2016 /PRNewswire/ --
Revenue forecasts for the cannabis industry in the United States continue to skyrocket as more states move towards legalization and companies develop innovative services and products to maximize earning potential. More and more big business entities are becoming involved in the lucrative cannabis sector as marijuana projects and opportunities explode in U.S.
Freedom Leaf, Inc., (OTC: FRLF) a budding publishing & multimedia company in the rapidly growing medical/recreational Marijuana & Industrial Hemp industry has set up a financial services division that will include an Incubator/Accelerator to assist companies in the legal Cannabis/Hemp Industry. It will not only work at incubating new companies but it will also seek companies to acquire to add to the growth and reach of Freedom Leaf, Inc., a fully reporting and audited public company. Jon Doukas a principal investor in the Cannabis space had this to say: "Freedom Leaf is uniquely positioned in its role as a leading trade publication to source out those newly emerging start-ups and together with Blue Moon Consortium to incubate the best and the most promising in the cannabis space."
Read the full Freedom Leaf (FRLF) Press Release at: http://financialnewsmedia.com/profiles/frlf.html
Last week, Freedom Leaf, Inc., entered into a Mutual Letter of Understanding to acquire a legacy specialty apparel company, http://www.Hippo-Tees.com. Freedom Leaf CEO, Cliff Perry stated, "The addition of the Hippo-Tees brand and founder, Jeffrey Axelrod's 46 years of merchandising experience under the Freedom Leaf umbrella fills a necessary purpose for promotions, branding and marketing. Mr. Axelrod has the experience to not only manage the T-Shirt line but any product lines that are required to fulfill our clients and Freedom Leaf's needs. In specialty merchandising, T-Shirts, Polos and Sport shirts represent $5 billion in sales, far surpassing any other category."
In other industry related news and recent happenings: PharmaCyte Biotech, Inc. (OTC: PMCB) (OTCQB: PMCB), a clinical stage biotechnology company focused on developing targeted treatments for cancer and diabetes using its signature live-cell encapsulation technology, Cell-in-a-Box®, announced that a recently published scientific article supports PharmaCyte's ongoing research efforts that concern medical uses for constituents of Cannabis known as cannabinoids. The article titled "Amyloid proteotoxicity initiates an inflammatory response blocked by cannabinoids" was published in the journal, Aging and Mechanisms of Disease and appeared online on June 23, 2016. The article can be viewed in its entirety at http://www.nature.com/articles/npjamd201612
Terra Tech Corp. (OTC: TRTC) (OTCQX: TRTC), a vertically-integrated, cannabis-focused agriculture company, recently announced it has expanded its offering of the IVXX Vape Product line with the launch of the "Z92" cartridges, the second line of cannabis oil cartridges. This follows the launch of the Company's original Z35 cannabis oil cartridge line in April 2016. Terra Tech's pre-filled cartridges are offered in a variety of cannabis strains which are easy-to-use and are conveniently designed for vaporizers as well. IVXX Z92 cartridges have a Tetrahydrocannabinol (THC) content level between 75 to 85 percent compared with the 60 to 68 percent of the Z35s. Made from local, sustainably grown cannabis that has been cleanly extracted using supercritical CO2, the oil is lab-formulated for consistency, and lab-tested for purity and potency. Through its low heat refinement technique and a unique filtering method, the Company maintains the natural terpene profile of each strain. There is no reintroduction of terpenes or flavor enhancers at any time in the process, as is true with all IVXX products.
Insys Therapeutics, Inc. (NASDAQ: INSY) this week announced that the U.S. Food and Drug Administration (FDA) has approved Insys' dronabinol oral solution, SyndrosTM, an orally administered liquid formulation of the pharmaceutical cannabinoid dronabinol, a pharmaceutical version of tetrahydrocannabinol ("THC"). Syndros is approved for use in treating anorexia associated with weight loss in patients with AIDS, and nausea and vomiting associated with cancer chemotherapy in patients who have failed to respond adequately to conventional antiemetic treatments. Syndros is currently awaiting scheduling by the U.S. Drug Enforcement Administration. "We are very pleased to announce FDA approval of Syndros. We believe that Syndros will be an important new treatment option for patients suffering from the devastating effects of chemotherapy induced nausea and vomiting, as well as those fighting anorexia associated with weight loss in AIDS," said the Company's Chairman, CEO and President, Dr. John N. Kapoor.
22nd Century Group, Inc. (NYSE: XXII), a plant biotechnology company that is a leader in tobacco harm reduction, announced last week that the journal Alcoholism: Clinical and Experimental Research has published a new independent study concluding that switching to the Company's Very Low Nicotine cigarettes may lead not only to a reduction in smoking, but also to a reduction in alcohol use. This study employed 22nd Century's proprietary SPECTRUM® research cigarettes and was funded by National Institute on Drug Abuse (NIDA), the FDA Center for Tobacco Products, and the National Institute on Alcohol Abuse and Alcoholism.
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