CANNABIS GLOBAL INC - CBGL STOCK NEWS

Cannabis Global Inc. (OTC Pink: CBGL) CEO Arman Tabatabaei discusses corporate challenges in an interview with SmallCapVoice.com on May 12, 2022. He emphasizes the importance of transparency with shareholders amid rapid growth and fundraising efforts. The company focuses on regulatory compliance while managing distribution and staffing needs. Tabatabaei highlights the balance between financing and growth as a key challenge. He plans to hold more Q&A sessions to keep shareholders updated on developments. The full interview is available online.

Cannabis Global, Inc. (OTC PINK:CBGL) has entered into a significant supply agreement with Sugarmade, Inc. to source 25,000 pounds of "Fresh Frozen" cannabis for its solventless cannabis products. This contract ensures a future price of $28 per pound, significantly lower than the current spot price of over $100, thereby enhancing profit margins. The farming is set to commence in mid-May, with plans to process the cannabis at their California facility. Additionally, Cannabis Global aims to expand its product offerings, including a premium rosin line and supply to other manufacturers, bolstering its market position.

Cannabis Global, Inc. (CBGL) reported significant financial growth for the three months ending February 28, 2022, with total revenues soaring by 2,330% year-over-year to $627k. The six-month total reached $1.2M, a 3,860% increase. Cash reserves also surged 1,860% to $604k, while total assets grew 34% to $15 million. The company has expanded its product range and entered agreements to integrate sales with Caliwanna brands, positioning itself for continued growth in the evolving cannabis market.

Cannabis Global, Inc. (OTC PINK:CBGL), a cannabis manufacturer based in Los Angeles, announced plans to apply for additional patent protection for its nanoparticle and nanofiber inventions. This comes in light of potential legislative changes in the U.S. regarding recreational cannabis. CEO Arman Tabatabaei highlighted the significance of these technologies for improved cannabinoid delivery. The company aims to file for protection in the EU, Canada, and Israel, enhancing its intellectual property portfolio developed through Project Varin.

Cannabis Global, Inc. (OTC PINK:CBGL) provided a comprehensive update on its operational progress amidst increasing attention on the cannabis sector. Key highlights include:

• Revenue growth driven by new products and expanded distribution.
• Revamping of product offerings, particularly in solventless cannabis products.
• Acquisition of product lines from Caliwanna to enhance market reach.
• Efforts towards vertical integration to improve cost competitiveness.

The company remains optimistic about future expansion through its technology and product mix.

Cannabis Global, Inc. (OTC PINK:CBGL) recently completed a debt restructuring by paying off shorter-term notes with new financing. The new note carries a 12% interest rate and is convertible into common shares later. This action aims to decrease the conversion of debt to shares while accommodating a significant rise in customer orders and revenues, particularly in cannabis flower sales. The company anticipates strong growth for the quarter ending May 30, 2022, fueled by new product launches and marketing investments.

Cannabis Global, Inc. (OTC PINK:CBGL) has signed a definitive agreement to acquire the Caliwanna cannabis brands, enhancing its marketing capabilities and product offerings. The agreement allows the experienced Caliwanna marketing team to launch Cannabis Global's products in California, aiming for immediate revenue generation. A joint venture will market both brands and additional products. The acquisition is expected to enhance Cannabis Global’s brand footprint and align with its growth in the California market, with revenues anticipated to increase in upcoming quarters.

Cannabis Global (OTC PINK:CBGL) announced strong growth in its fiscal quarter ending February 28, 2022, with increased orders leading to expected revenue boosts. The company reported strong cannabis flower sales and strong inventory levels, meeting growing retailer demands. They gained numerous new customers and are launching innovative products, including rosin-infused pre-rolls and cannabis-infused edibles. The company's initiatives reflect a positive outlook for future growth, bolstered by a majority-owned subsidiary's success.

Cannabis Global, Inc. (OTC PINK:CBGL) has enhanced its manufacturing capabilities at its Natural Plant Extracts facility in Lynwood, CA. The new 213 Solventless Labs will focus on producing high-quality solventless cannabis products like hash, rosin, vape cartridges, and edibles. Operations have commenced with new equipment installations. CEO Arman Tabatabaei emphasized the consumer demand for purity and taste in cannabis products, expecting continued growth as the market shifts towards solventless options, which use only water, heat, and pressure.