CANNABIS GLOBAL INC - CBGL STOCK NEWS

Cannabis Global, a licensed cannabis manufacturer and distributor in Los Angeles, filed its quarterly report for the fiscal quarter ending February 28, 2023. The company announced the cancellation of approximately $813,000 in long-term debt following successful negotiations with two debtholders. This move aims to strengthen its balance sheet amidst challenging market conditions in the California cannabis sector. CEO Edward Manolos expressed optimism about the restructuring efforts, stating that the cancellations will enhance the company’s market position. Additionally, Cannabis Global is negotiating further debt reductions, expected to finalize in the upcoming fiscal quarter, aiming to minimize future market dilution and support growth prospects.

Cannabis Global, Inc. (OTC: CBGL) announced the successful conclusion of debt settlement negotiations, eliminating approximately $813,000 of long-term debt from its balance sheet. This restructuring is expected to enhance the company's financial position and reduce cost of capital, potentially increasing market value and supporting its growth in the California cannabis sector. The company also plans further debt negotiations aimed at additional reductions. Details will be filed with the SEC.

Cannabis Global, Inc. (OTC PINK: CBGL) announces the completion of R&D for cannabis-infused drinking straws, set to hit the market soon. These innovative straws allow consumers to infuse their chosen beverages with cannabis extracts, offering a new way to experience edibles. The straws are designed for ultra-fast uptake, with effects felt in under 10 minutes. Cannabis Global has launched 23 new products recently and aims to expand its product range further in 2023. The company is the selected manufacturer for these straws across California.

Cannabis Global, Inc. (OTC: CBGL) anticipates strong growth for the fiscal year ending August 31, 2022, fueled by new product launches and distribution partnerships. CEO Edward Manolos highlighted accomplishments in R&D, revenue growth, and debt restructuring, leading to optimism for fiscal 2023. The company has introduced 23 new products, including innovative Cannabis Infused Drinking Straws, and plans to continue product development in the upcoming quarters. The company aims to further consolidate its debt and strengthen its market presence in the cannabis sector.

Cannabis Global, Inc. (OTC PINK:CBGL) has engaged AGORACOM Investor Relations to enhance its online investor relations through various platforms targeting small cap investors. AGORACOM boasts over 700 million lifetime page views and significant engagement metrics. The partnership aims to improve communication with current shareholders and attract new investors by creating exclusive content and launching a 'Verified' Discussion Forum. Effective immediately, an interactive Cannabis Global IR HUB will facilitate real-time communication, allowing management to engage via audio, video, and text formats.

Cannabis Global (OTC PINK:CBGL) announces the launch of a unique product: Cannabis Infused Drinking Straws. This innovative product allows consumers to enjoy cannabis through beverages without purchasing pre-infused drinks. Samples will be available for retailers in California by early September 2022. The straws utilize all-natural, chemical-free cannabis nano-emulsions for quick psychoactive effects, typically felt within 10 minutes. This breakthrough could redefine the edibles market, addressing retailers' concerns about the logistics of selling cannabis beverages.

Cannabis Global (OTC PINK:CBGL) has announced updates regarding its patent applications for cannabis technologies, especially concerning cannabinoid nanoparticles and cannabosides. The company is pursuing two non-provisional patent applications for production methods of nanoparticles, aimed at enhancing cannabinoid dosing in products like pharmaceuticals and edibles. Additionally, Cannabis Global filed for international protection under the PCT for these inventions. The updates reflect ongoing efforts to strengthen its intellectual property in the cannabis sector.

Cannabis Global, Inc. (OTC PINK:CBGL) has announced plans to launch 23 new cannabis product SKUs this August in California, most utilizing solventless technology and zero cannabis taste emulsions. CEO Edward Manolos highlighted partnerships for new distribution agreements in edibles and beverages. New product lines include El Cheapo Branded Edibles, Northern Lights, 8-Bit Buds, Wolfgang Wax, and upcoming Cannabis Beverage products, bolstering the company's innovative presence in the cannabis market.

Cannabis Global, Inc. (OTC PINK:CBGL) reported a 25% revenue increaseb> in its third fiscal quarter ending May 31, 2022, achieving approximately $792,000 in revenues. The company launched several new products, including four edibles and five solventless items, and saw significant growth in orders for cannabis concentrates. Total assets rose to $14.9 million, up from $11.4 million in the previous year. Cannabis Global also plans to launch its new Northern Lights brand in the current quarter, which ends on August 31, 2022.