KushCo Holdings Signs Sales and Innovation Agreement With ExtractionTek Solutions

GARDEN GROVE, Calif., Oct. 04, 2018 (GLOBE NEWSWIRE) — PRESS RELEASE — KushCo Holdings, Inc., the parent company of Kush Supply Co., Kush Energy, The Hybrid Creative and Koleto Packaging Solutions, which provide a range of services and products for the regulated cannabis, CBD and other related industries, has announced it has signed an exclusive sales and innovation agreement with ExtractionTek Sales, LLC, dba. ExtractionTek Solutions (ETS), a provider of closed loop hydrocarbon extraction equipment, based in Colorado. The reciprocal agreement is designed to drive additional client expansion for both companies through their complementary operations.

KushCo’s Kush Energy division supplies the cannabis industry with tested, ultra-high purity solvents and hydrocarbons, which are essential in the extraction process for the production of products including oils, edibles and waxes. An outcome of partnering together and cross-training, will be the development for new innovative solutions and offerings to the market, further facilitating how customers are able to scale and grow as a result of working with Kush Energy.

Under the terms of the agreement, Kush Energy will refer any of these customers that may also need extraction equipment to ETS. In turn, ETS will also refer its hydrocarbon equipment customers that have a need for solvents and hydrocarbons to KushCo’s Kush Energy division. To optimize the partnership, Kush Energy and ETS will also train each other’s teams about trends, best practices, safety and operational standards. The mutually beneficial agreement is for an initial two-year period, with an option to renew thereafter.

“Our agreement with ETS will allow us to capitalize on the growing demand for closed loop hydrocarbon extraction by businesses that ultimately need solvents and hydrocarbon gases, generating additional opportunities for our aggressive customer expansion,” said Jason Vegotsky, the president of Kush Supply Co. “ETS provides innovative solutions for quality-manufactured, efficient and safe extraction equipment and maintains strong customer relationships in many of the same key domestic markets that we currently operate within, further enhancing the opportunity to cross-sell our customer base.”

“ExtractionTek clearly recognizes the value of the Kush Energy offering and looks forward to introducing these services to our legacy and new clientele,” said Sean Winfield, chief marketing officer of ETS.  “The need for ultra-high purity solvents available to operators at a site level has grown substantially throughout the cannabis industry in recent years. Working with Kush Energy to help remove supply-side barriers related to solvent delivery offers ETS the opportunity to improve our legacy client’s operations, while continuing to expand our client base through this strategic partnership.”

SEATTLE–(BUSINESS WIRE)–PRESS RELEASE–Empower Clinics Inc., an owner and operator of medical cannabis and wellness clinics in the U.S., has announced a national distribution agreement with Integrated Cannabis Company, Inc.

Under the agreement, Integrated Cannabis will distribute CBD-infused X-SPRAYS products including: CBD, Sleep, Recover, Libido and Energy throughout the Empower network of clinics in Washington, Oregon and Illinois, as well as on Empower’s website in the coming weeks. Both companies have engaged with their marketing and distribution teams to streamline the logistics of rolling out new products in the Empower clinics.

X-SPRAYS products are backed by technology that enables metered dosing, based on each patient’s specific needs. The CBD products are non-psychotropic: they do not directly affect mood, perception or consciousness.

“This agreement provides an additional revenue stream for Empower while enabling us to offer more world-class treatment options tied to some of the most common conditions our patients face,” said Craig Snyder, Empower CEO. “X-SPRAYS’ combination of quality products and technology perfectly fits our line of treatments, and we look forward to working with Integrated Cannabis Company to expand the scope and variety of options available to our patients.”

“Empower Clinics is executing an ambitious national expansion strategy and we’re excited to become a key component of their product offerings,” said John Knapp, CEO of Integrated Cannabis. “Our two organizations are strongly aligned in treating a growing population of patients who are dealing with opioid addiction, pain, anxiety, sleep issues, as well as those seeking overall well-being.” 

Ten months after San Francisco permitted retail sales of cannabis, officials are developing plans for a new committee to assess how the regulations are working.

The Cannabis Oversight Committee, proposed by Supervisor Sandra Fewer, is intended to examine the work being done by the Office of Cannabis, gauge the effectiveness of existing regulations and make sure those hardest hit by the War of Drugs are benefiting through retail permits and living wage jobs.

One of the more glaring issues is that the city has yet to approve permits for applicants impacted by the War on Drugs under the cannabis equity program established as part of the city’s recreational cannabis regulations, as the San Francisco Examiner previously reported.

Top photo courtesy of Adobe Stock

ORION TOWNSHIP, Mich. (WXYZ) – A $40 million cannabis business park will break ground in Orion Township next week.

This will be Michigan’s first fully municipally permitted cannabis business park, according to a press release by Royal Oak-based business, GROW, Cannabis Marketing.

The nearly 300,000 square-foot complex will house growers, processors, secure transporters and safety compliance operators. Grow, Cannabis Marketing says the development will bring hundreds of new jobs to Orion Township and will provide a safe and secure environment for commercial cannabis operations.

Top photo courtesy of Adobe Stock

In its earnings report Thursday morning, the company behind Corona beer, Svedka vodka, and other alcoholic beverages said its twoinvestments into Canopy Growth Corporation has already netted it more than $1 billion in unrealized gains thanks to the marijuana producers surging stock.” 

“Reported basis results reflect $639 million unrealized gain for an increase in fair value of the initial investment in Canopy Growth Corporation; $1.3 billion unrealized gain has been recognized since investment in November 2017,” Constellation Brands said in its earnings release.

Top photo courtesy of Adobe Stock