CANNAPHARMARX INC - CPMD STOCK NEWS

CannaPharmaRx, Inc. (OTC PINK:CPMD) reported substantial progress in 2022, setting the stage for significant revenue growth in 2023. The company finalized a long-term lease for its Alberta facility, acquired essential cannabis strains, and secured necessary licenses from Health Canada and the CRA. A noteworthy offtake agreement was established with Spring Medical Group, potentially generating up to $12 million. Looking ahead, CannaPharmaRx plans to execute non-dilutive funding, complete key acquisitions, and achieve an annual run rate nearing $30 million while aiming for operational profitability and positive cash flow in the latter half of 2023.

CannaPharmaRx, Inc. (OTC PINK:CPMD) announced it has received its CRA license, allowing it to commence cannabis production and sales in Canada. With licenses from both the CRA and Health Canada secured, the company is set to begin growing cannabis at its facility in Cremona. CannaPharmaRx anticipates its first harvest within the current quarter, projecting annual revenues exceeding $30 million. Additionally, a multi-million-dollar offtake agreement is in negotiation, positioning the company for rapid revenue expansion in the cannabis market.

CannaPharmaRx, Inc. (CPMD) has received a cultivation license from Health Canada, enabling it to legally grow cannabis and sell to licensed producers across Canada. This license, crucial for large-scale production, is expected to facilitate the company's first harvest and sales by Q1 2023, projecting estimated revenues of $30 million over the next year. CEO Nick Colvin highlighted the completion of their Cremona facility and a lucrative offtake agreement as pivotal steps in entering the cannabis market, aiming for rapid revenue growth within the next twelve months.

CannaPharmaRx has received a cultivation license from Health Canada, enabling the company to legally grow and sell cannabis in Canada. This license is crucial for CannaPharmaRx as it prepares to complete its first harvest and commence sales in Q1 2023, with projected revenues of $30 million over 12 months. The company is finalizing preparations at its facility in Cremona and has secured a lucrative offtake agreement. CannaPharmaRx aims to establish itself as a leader in high-quality, low-cost cannabis production.

CannaPharmaRx (OTC PINK:CPMD) has secured new genetic strains of cannabis, submitted to Health Canada, enabling sales to licensed producers. This declaration, part of the standard cultivation license, allows for growing over 200 strains. The genetics are sourced from a top master grower in Canada. The company aims to start harvesting in the first quarter, with plans to distribute heavily demanded products shortly thereafter. CEO Nick Colvin emphasized the focus on acquiring high-quality genetics to meet market demands.

CannaPharmaRx, Inc. (OTC PINK:CPMD) has filed its response to Health Canada on August 31, which is anticipated to be a crucial step towards obtaining a cultivation license. This license is essential for large-scale cannabis production and will allow CPMD to grow and sell cannabis wholesale to other license holders. Following a recent multi-million dollar offtake agreement, the company expects to finalize its cultivation license this month, aiming to commence operations in Q4 2022.

CannaPharmaRx, Inc. (OTC PINK:CPMD) has entered a three-year Memorandum of Understanding (MOU) with Spring Medical Group Ltd. for cannabis cultivation and distribution. CannaPharmaRx will cultivate cannabis at its Cremona Facility in Canada, with Spring purchasing up to 3,000kg for international distribution. Expected revenue from the agreement ranges from $8 million to $12 million, depending on the quantity and timing of orders. Production and delivery are set to start in 2022, securing a reliable revenue stream for CannaPharmaRx as it prepares to launch its operations.

CannaPharmaRx (OTC PINK:CPMD) has signed a genetics transfer agreement with High Profile Cannabis, enhancing its production capabilities. High Profile will supply live cannabis plants and seeds, supporting CannaPharmaRx's application to become a licensed producer in Canada. The agreement, lasting at least 12 months, also includes negotiations for a Supply Agreement for product purchases. CEO Nick Colvin highlighted this partnership as a significant milestone towards revenue generation and expansion plans, with future growth expected across several continents.

CannaPharmaRx, Inc. (OTC PINK:CPMD) announced a Letter of Intent to acquire a cannabis facility in Braman, Oklahoma, comprising 35,000 square feet of cultivation capacity, with an expansion planned to 65,000 square feet by year-end 2022. This facility is expected to generate annual revenue of approximately $21 million, contributing to total projected revenues of $40-$50 million for the company. The acquisition, involving a secured note and transfer of licenses, is set to finalize before March 31, 2022, with first harvest anticipated shortly after closing.