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Cannabis Global, Inc. (OTCPK:CBGL) announced Tuesday that it has signed a non-binding letter of intent to create a joint venture that includes an option to acquire a controlling interest in the Massachusetts-based cannabis business operator.

Cannabis Global, Hub Craft &amp; Active Health Foods To Develop California Cannabis MSO

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ACTIVE HEALTH FOODS INC by Active Health Foods, Inc.

Active Health Foods Inc

Cannabis Global, Inc. (OTCPK:CBGL) announced Tuesday that it has signed a non-binding letter of intent to create a joint venture that includes an option to acquire a controlling interest in the Massachusetts-based cannabis business operator.
<h3>What Happened</h3>
Under the terms of the proposed joint venture, the Los Angeles-based company Hub Craft&nbsp;and Active Health Foods, Inc. (OTCPK: AHFD) will form a California corporation to enter the state&#39;s cannabis marketplace.
The combined entity will be granted exclusive licenses on all Hub Craft products, branding&nbsp;and associated technologies in California.&nbsp;It will also have an option to purchase a 51% controlling position in Hub Craft for $15 million&nbsp;anytime within nine months of the effective date of the joint venture.
<h3>Why It Matters</h3>
With the Massachusetts market still in its early stages, as opposed to California and Oregon markets that are seeing massive overproduction of cannabis and a drop in prices, the prices in the Bay State have remained remarkably robust.
In addition, with licenses in Massachusetts limited to a maximum of 100,000 square feet, Cannabis Global says it believes&nbsp;that larger cannabis industry players will not be able to dominate the state marketplace.
All three companies see a massive population in the Massachusetts area that is already primed to become avid legal cannabis consumers.
&quot;We are particularly impressed with the robust technologies The Hub Craft is introducing to the marketplace, and we feel these will be well received in the mature California markets in the Los Angeles and San Francisco metro areas,&quot; commented Arman Tabatabaei, CEO of Cannabis Global. &quot;We are looking forward to collaborating with both the management teams of Hub Craft and Active Health Foods to create a unique set of assets to serve the significantly sized California marketplace.&quot;
More recent news from Cannabis Global:
<ul>
<li><a href="https://www.benzinga.com/markets/cannabis/21/12/24659613/cannabis-global-reports-significantly-increased-revenues-and-lots-of-new-products-for-2022">Cannabis Global Reports Significantly Increased Revenues And Lots Of New Products For 2022</a></li>
<li><a href="http://www.benzinga.com/markets/cannabis/21/11/23892368/cannabis-globals-shares-up-announces-research-into-psychedelic-mushroom-infusions-in-food-bevera">Cannabis Global&#39;s Shares Up, Announces Research Into Psychedelic Mushroom Infusions In Food &amp; Beverage</a></li>
</ul>
<h3>CBGL Price Action</h3>
Cannabis Global&#39;s shares traded 11.76% lower at $0.0075 per share at the time of writing on Wednesday.
Photo: Courtesy of <a href="https://unsplash.com/@cytonn_photography?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText">Cytonn Photography</a> on <a href="https://unsplash.com/s/photos/deal?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText">Unsplash</a>

Cannabis Global, Hub Craft & Active Health Foods To Develop California Cannabis MSO

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Active Health Foods, Inc. (OTCBB: AHFD), the maker of Active X™ Energy Bars, a 100% Organic, 100% Natural, Organic and Kosher certified Energy Bar made from the highest quality natural, organic and raw ingredients in a variety of unique and delicious flavors, announces that it is in a full production of its Energy Bars and that Amazon.com has agreed to list its Energy Bars on their world famous website.

Amazon.com is a leading global internet company and one of the most trafficked internet retail destinations worldwide.

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Active Health Foods, Inc. Announces Amazon.com Will Carry Energy Bars 

Active Health Foods

Cannabis Global, Inc. (OTCPK:CBGL) announced Tuesday that it has signed a non-binding letter of intent to create a joint venture that includes an option to acquire a controlling interest in the Massachusetts-based cannabis business operator.

<h3>What Happened</h3>

Under the terms of the proposed joint venture, the Los Angeles-based company Hub Craft&nbsp;and Active Health Foods, Inc. (OTCPK: AHFD) will form a California corporation to enter the state&#39;s cannabis marketplace.

The combined entity will be granted exclusive licenses on all Hub Craft products, branding&nbsp;and associated technologies in California.&nbsp;It will also have an option to purchase a 51% controlling position in Hub Craft for $15 million&nbsp;anytime within nine months of the effective date of the joint venture.

<h3>Why It Matters</h3>

With the Massachusetts market still in its early stages, as opposed to California and Oregon markets that are seeing massive overproduction of cannabis and a drop in prices, the prices in the Bay State have remained remarkably robust.

In addition, with licenses in Massachusetts limited to a maximum of 100,000 square feet, Cannabis Global says it believes&nbsp;that larger cannabis industry players will not be able to dominate the state marketplace.

All three companies see a massive population in the Massachusetts area that is already primed to become avid legal cannabis consumers.

&quot;We are particularly impressed with the robust technologies The Hub Craft is introducing to the marketplace, and we feel these will be well received in the mature California markets in the Los Angeles and San Francisco metro areas,&quot; commented Arman Tabatabaei, CEO of Cannabis Global. &quot;We are looking forward to collaborating with both the management teams of Hub Craft and Active Health Foods to create a unique set of assets to serve the significantly sized California marketplace.&quot;

More recent news from Cannabis Global:

<ul>
	<li><a href="https://www.benzinga.com/markets/cannabis/21/12/24659613/cannabis-global-reports-significantly-increased-revenues-and-lots-of-new-products-for-2022">Cannabis Global Reports Significantly Increased Revenues And Lots Of New Products For 2022</a></li>
	<li><a href="http://www.benzinga.com/markets/cannabis/21/11/23892368/cannabis-globals-shares-up-announces-research-into-psychedelic-mushroom-infusions-in-food-bevera">Cannabis Global&#39;s Shares Up, Announces Research Into Psychedelic Mushroom Infusions In Food &amp; Beverage</a></li>
</ul>

<h3>CBGL Price Action</h3>

Cannabis Global&#39;s shares traded 11.76% lower at $0.0075 per share at the time of writing on Wednesday.

Photo: Courtesy of <a href="https://unsplash.com/@cytonn_photography?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText">Cytonn Photography</a> on <a href="https://unsplash.com/s/photos/deal?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText">Unsplash</a>

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