Cannabis Sativa (OTC:CBDS) Stock, Quote.Headers.trade-ideas

Cannabis Sativa Inc along with its subsidiaries engages in the telemedicine business. The company offers an online telemedicine platform providing customers access to knowledgeable physicians to obtain a medical marijuana recommendation.

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MJ Harvest, Inc. (OTCQB: MJHI) signed a letter of intent to merge with Cannabis Sativa, Inc. (OTCPK: CBDS) The LOI provides for MJHI shareholders to receive 2.7 shares of CBDS common stock for each share of MJHI common stock held immediately prior to the merger.

MJ Harvest Signs Letter Of Intent To Merge With Cannabis Sativa, Inc.

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Cannabis stocks outperformed the S&amp;P 500 this week. Over the last five trading days:

The Week In Cannabis: Stocks Outperform S&amp;P, Mexico Moves Forward, Earnings, And More

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Medical Marijuana Touts Positive Adjusted EBITDA In Q3, Net Revenue Of $12.2 Million

Medical Marijuana Inc. (PINK: MJNA) has generated $12.2 million in net revenue over the third quarter. That&#39;s a sequential increase of 11.25%.

Kannaway Parent Medical Marijuana Generates $12.2M, PrestoDoctor Boosts Cannabis Sativa

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Cannabis Sativa Inc

MJ Harvest, Inc. (&quot;MJHI&quot;) (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/MJHI#OTCQB">MJHI</a>) announced that it has entered into a definitive Agreement of Merger and Plan of Reorganization (the &quot;Merger Agreement&quot;) to merge with and into Cannabis Sativa, Inc. (&quot;CBDS&quot; or &quot;Cannabis Sativa&quot;).
The Merger Agreement was executed on August 8, 2022, and management expects the merger and reorganization to be completed in the fourth quarter of calendar year 2022, subject to certain conditions precedent including shareholder approval by both MJHI and CBDS shareholders.
The Merger Agreement provides for MJHI shareholders to receive 2.7 shares of CBDS common stock for each one share of MJHI common stock held immediately prior to the merger. Upon completion of the merger on the terms described in the Merger Agreement, it is anticipated that MJHI shareholders would own approximately 72% of the surviving company. The Merger Agreement contemplates that CBDS will be the surviving company in the merger and that following the merger, MJHI will cease to exist as a separate corporate entity.
<a href="https://www.accesswire.com/711748/MJ-Harvest-and-Cannabis-Sativa-Announce-the-Signing-of-the-Definitive-Plan-of-Merger-and-Reorganization" title="https://www.accesswire.com/711748/MJ-Harvest-and-Cannabis-Sativa-Announce-the-Signing-of-the-Definitive-Plan-of-Merger-and-Reorganization">https://www.accesswire.com/711748/MJ-Harvest-and-Cannabis-Sativa-Announce-the-Signing-of-the-Definitive-Plan-of-Merger-and-Reorganization</a>

MJ Harvest, Cannabis Sativa Announce Signing Of Definitive Plan of Merger And Reorganization

MJ Harvest, Inc. (OTCQB: <a class="ticker" href="https://www.benzinga.com/stock/mjhi#OTCQB">MJHI</a>)&nbsp;signed a letter of intent to merge with&nbsp;Cannabis Sativa, Inc. (OTCPK: CBDS) The LOI provides for MJHI shareholders to&nbsp;receive 2.7 shares of CBDS common stock for each share of MJHI common stock held immediately prior to the merger.
The LOI is non-binding except as to certain terms covering due diligence investigations, break-up provisions (including a $50,000 termination penalty), and a requirement that both companies operate in the ordinary course of business pending merger.
Upon completion of the merger on the terms described in the LOI, it is anticipated that MJHI shareholders would own approximately 72% of the surviving company. The LOI contemplates that CBDS will be the surviving company in the merger and that following the merger, MJHI will cease to exist as a separate corporate entity. Management estimates that the shareholder meeting for the merger will be held in mid-July 2022.
In order to complete the merger, CBDS shareholders will be asked to approve an increase in the number of authorized shares of common stock of CBDS to 500 million shares. Following the merger, there would be approximately 160 million shares outstanding with approximately 44 million shares held by the original CBDS shareholders, and approximately 116 million shares held by the MJHI shareholders that receive stock in the merger.
The combined business following the merger will have operations in seven states and&nbsp;a comprehensive product line that includes the Country Cannabis brand plus licensing arrangements for the Weedsy, BLVK, Chronic, and Sublime brands. MJHI also holds 10% investments in WDSY, LLC and Blip Holdings, LLC, the companies that own the Weedsy and BLVK brands, respectively. MJHI&#39;s current product offerings and the brands represented are reflected on the MJHI website.
Upon signing the definitive merger agreement, both MJHI and CBDS expect to convert related party debt to equity resulting in the elimination of approximately $1.9 million and $1.42 million in related-party debt on the books of MJHI and CBDS, respectively.
Following the merger, all operations will be consolidated in the surviving company. It is anticipated that the surviving company will report its financial results on a calendar year basis. It is also anticipated that the shareholder meeting to approve the merger will result in changes in the board of directors and officers of the surviving company, and a strong commitment to the cannabis industry. The existing PrestoDoctor telehealth operations of CBDS will be included in the combined results of operations following the merger. The telehealth operations will be integrated into the cannabis operations to provide synergies where appropriate.
Photo: Courtesy of <a href="https://unsplash.com/@newhighmediagroup?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText">Richard T</a> on <a href="https://unsplash.com/s/photos/cannabis?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText">Unsplash</a>

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The Week In Cannabis: Stocks Outperform S&P, Mexico Moves Forward, Earnings, And More

Medical Marijuana Touts Positive Adjusted EBITDA In Q3, Net Revenue Of $12.2 Million
Medical Marijuana&nbsp;Inc. (PINK: <a href="http://www.benzinga.com/stock/mjna/">MJNA</a>)&nbsp;has generated $12.2 million in net revenue over the third quarter. That&#39;s a sequential increase of 11.25%.
The earnings report came on the heels of <a href="http://www.benzinga.com/pressreleases/20/10/g18118567/medical-marijuana-inc-subsidiary-kannaway-enters-cbn-market-expands-cannabinoid-portfolio">entering</a> the CBN market through its subsidiary Kannaway.
The San Diego cannabis company also reported a positive adjusted EBITDA of $175,755.
Gross profit for the quarter amounted to $9.1 million, as GAAP Sales and Marketing expenses dropped as a percentage of sales from 51.9% to 49.3%, on a sequential basis.
Kannaway&#39;s Japanese division saw its best revenue month ever in August.
In July, HempMeds &mdash;&nbsp;also a Medical Marijuana&nbsp;subsidiary &mdash;&nbsp;<a href="http://www.benzinga.com/markets/cannabis/20/07/16539231/hempmeds-partners-with-gelsons-market-to-launch-cbd-topical-and-beauty-products">partnered</a> with Gelson&#39;s Market to supply Southern California&#39;s customers with its CBD topical and beauty products.
In addition, HempMeds <a href="http://www.benzinga.com/markets/cannabis/20/06/16266565/cannabis-movers-shakers-cure-pharmaceutical-indus-holdings-cannabics-medical-marijuana">named</a> Vince DiMella U.S. director of sales and marketing, while former HempMeds president Todd Morrow was promoted to CFO and CIO in September, alongside the company&#39;s co-founder Michelle Sides who now serves as CLO. The company also hired Robert Wells as Vice President of Finance.
&quot;We feel very optimistic about finishing out the year strong, with consumers interested in wellness at an all-time high headed into the holidays,&quot; CEO Dr. Stuart Titus <a href="http://www.globenewswire.com/news-release/2020/11/17/2128418/0/en/Medical-Marijuana-Inc-Reports-2020-Third-Quarter-Financial-and-Operational-Results-Reports-Positive-Adjusted-EBITDA-and-Net-Income-of-12-2-Million.html">stated</a> Tuesday.
Cannabis Sativa&#39;s PrestoDoctor Generates Over $1.6M In Revenue In Nine Months
Cannabis Sativa, Inc. (OTCQB: <a href="http://www.benzinga.com/stock/cbds/">CBDS</a>) <a href="http://www.globenewswire.com/news-release/2020/11/17/2128017/0/en/Cannabis-Sativa-Reports-459-786-Revenue-in-Q3-Revenues-for-Nine-Months-ended-September-30-up-137-over-first-3-Quarters-of-2019.html">disclosed</a>&nbsp;its revenue for the third quarter amounted to $459,786 and roughly $1.7 million for the nine months ended September 30. That&#39;s a year-over-year increase of 137%.
PrestoDoctor, the Company&#39;s telemedicine platform, attributed with $1,602,599 in revenue for the nine months, as its GK Manufacturing and Packaging subsidiary remained in the start-up phase during the period.
The telemedicine portal serves patients across seven states, including California, Nevada, New York, Oklahoma, Missouri, Pennsylvania, and Illinois.
&quot;We are pleased to report strong numbers during this pandemic,&quot; President David Tobias said, adding that &ldquo;there has been a broadened acceptance of telehealth due to the Coronavirus.&quot;
The company also noted its identifying opportunities to expand to Ohio, Virginia, and Massachusetts.

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The Week In Cannabis: Stocks Up, Many Earnings Reports, A New ETF, And More

It was a relatively quiet week ahead of the Fourth&nbsp;of July. Nonetheless, a handful of announcements had the cannabis markets buzzing.
Zynerba Pharmaceuticals Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/zyne#NASDAQ">ZYNE</a>) plummeted after the company, focused on the development of cannabinoid-based therapies for rare and near-rare neuropsychiatric disorders, said its product cadidate, Zygel, did not meet the primary and secondary endpoints of a pivotal study dubbed CONNECT-FX that evaluated the safety and efficacy of the pipeline asset in Fragile X syndrome patients.
Canadian cannabis producer Organigram Holdings (TSE: OGI) (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ogi#NASDAQ">OGI</a>) announced it would reduce its staff by 25%, firing 220 employees.
In some positive news, Acreage Holdings Inc. (CSE: ACRG) (OTC: <a class="ticker" href="https://www.benzinga.com/stock/acrgf#OTC">ACRGF</a>) finalized the $10-million purchase of New Jersey&#39;s Compassionate Care Foundation Inc. (CCF).
Lawn and garden care company Scotts Miracle-Gro (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/smg#NYSE">SMG</a>) (FRA: SCQA) announced it would launch a $50-million venture capital fund, 1868 Ventures. The fund will invest in early stage companies that align with its business model and possibly operate as partners.
Vertosa promoted&nbsp;vice presient Austin Stevenson to chief innovation officer. Stevenson will continue to establish Vertosa as a preeminent cannabis and hemp infusion technology provider, further developing its mission and framework for continued evolution. He will identify innovative initiatives, develop new profit centers&nbsp;and ensure promising projects are commercialized effectively, a company representative told Benzinga.
Prior to joining Vertosa, Stevenson leveraged his biotech experience building the regulatory hemp and CBD testing program for Eurofins Scientific, where he built and designed quality testing protocols for CVS and other retailers that carried hemp and CBD products. Stevenson is also a founding board member and elected treasurer of the Cannabis Beverage Association.
Over the five trading days of the week:
<ul>
<li>The ETFMG Alternative Harvest ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mj#NYSE">MJ</a>): lost 2.3%.</li>
<li>The AdvisorShares Pure Cannabis ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/yolo#NYSE">YOLO</a>): slipped 2.5%.</li>
<li>The Cannabis ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/thcx#NYSE">THCX</a>): tumbled 2.1%.</li>
<li>The SPDR S&amp;P 500 ETF Trust (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/spy#NYSE">SPY</a>) closed the period up 1.57%.</li>
</ul>
Benzinga Cannabis content is now available in Spanish on <a href="https://elplanteo.com/" target="_blank">El Planteo</a>.
14th Round Inc. hired Paul Bozoki as its new chief financial officer ahead of a planned initial public offering.
High Times Holding Corp. entered into an agreement to acquire cannabis delivery service Mountain High Recreation.
Cannabis REIT Innovative Industrial Properties Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/iipr#NYSE">IIPR</a>) expanded its previously announced underwritten public offering to around 2.683 million shares, at $83.85 each. The San Diego-based company secured $225 million in funding through the offering.
Pharmaceutical company Cannabis Sativa Inc. (OTCQB: <a class="ticker" href="https://www.benzinga.com/stock/cbds#OTCQB">CBDS</a>) reported its revenue spiked 392% year-over-year, reaching $493,140 during the first three months of this fiscal year. Find more on this and other earnings reports at the <a href="https://www.benzinga.com/cannabis/earnings/">Benzinga Cannabis Earnings Center</a>.
Khiron Life Sciences (OTC: <a class="ticker" href="https://www.benzinga.com/stock/khrnf#OTC">KHRNF</a>) announced a distribution deal to import and sell medical cannabis in Germany. This is enabled by an agreement with German company Nimbus Health. Sales are expected to begin in the third quarter.&nbsp;
&nbsp;&ldquo;Germany is a top three&nbsp;market in the world for cannabis right now.&nbsp; Last year there were just under 300,00 prescriptions in that market.&nbsp; We think that number will grow 10x&nbsp;over time. This deal gives us a footprint into that market,&rdquo; Chris Naprawa, Khiron&#39;s board chair and director, told Benzinga.
Green Point Research and Palmetto Industries announce a new partnership to develop a new industry-standard hemp storage bag that prevents mold and mildew. The proprietary weave design prevents the absorption of water and moisture in the stored hemp plants.
&ldquo;The innovative hemp bag we&rsquo;ve co-designed using advanced materials, sustainable packaging, and intelligent digital technology will benefit farmers and the entire industry, and we&rsquo;re proud to have accomplished this with a Palmetto Industries, a global leader in bulk containers,&rdquo; said Matt Turner, chief science officer at&nbsp;Green Point Research.
Newly launched Rescue CBD, which donated calming CBD oil to many animal shelters to help with the Fourth of July holiday, said it will continue to help shelters around the U.S. by request.
&ldquo;This Fourth of July many animals will be stressed and anxious so it&rsquo;s&nbsp;imperative&nbsp;that we do our part by providing our calming oil free of charge to local shelters across the country,&rdquo;&nbsp;said Brian Sperazza, co-founder of Rescue CBD.
&ldquo;We are excited about the launch of our company and being able to help many cats and dogs this holiday. The more people learn about the benefits of CBD oil for pets, the better off their pets will be, especially during days that would otherwise be stressful for them.&rdquo;
<h3>Top Stories Of The Week</h3>
Check out the top stories on Benzinga Cannabis this week:
<ul>
<li class="views-field-title"><a href="https://www.benzinga.com/markets/cannabis/20/07/16502384/rachael-rapinoes-mendi-launches-full-spectrum-cbd-line" title="Rachael Rapinoe's Mendi Launches Full Spectrum CBD Line">Rachael Rapinoe&#39;s Mendi Launches Full Spectrum CBD Line</a></li>
</ul>
<div class="views-field-title">
<ul>
<li class="views-field-title"><a href="https://www.benzinga.com/markets/cannabis/20/07/16503425/new-cannabis-product-provides-voter-registration-for-us-election-via-qr-code" title="New Cannabis Product Provides Voter Registration For US Election Via QR Code">New Cannabis Product Provides Voter Registration For US Election Via QR Code</a></li>
</ul>
<div class="views-field-title">
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<li class="views-field-title"><a href="https://www.benzinga.com/markets/cannabis/20/07/16488767/field-trip-psychedelics-launches-therapeutic-program-for-vets-first-responders" title="Field Trip Psychedelics Launches Therapeutic Program For Vets, First Responders">Field Trip Psychedelics Launches Therapeutic Program For Vets, First Responders</a></li>
</ul>
<div class="views-field-title">
<ul>
<li class="views-field-title"><a href="https://www.benzinga.com/markets/cannabis/20/06/16434106/former-nba-star-john-salley-joins-insurance-pro-daron-phillips-to-offer-cannabis-coverage" title="Former NBA Star John Salley Joins Insurance Pro Daron Phillips To Offer Cannabis Coverage">Former NBA Star John Salley Joins Insurance Pro Daron Phillips To Offer Cannabis Coverage</a></li>
</ul>
<div class="views-field-title">
<ul>
<li class="views-field-title"><a href="https://www.benzinga.com/markets/cannabis/20/07/16439731/fire-flowers-ceo-on-why-focusing-on-one-sector-is-the-key-to-success" title="Fire &amp; Flower's CEO On Why Focusing On One Sector Is The Key To Success">Fire &amp; Flower&#39;s CEO On Why Focusing On One Sector Is The Key To Success</a></li>
</ul>
<div class="views-field-title">
<ul>
<li class="views-field-title"><a href="https://www.benzinga.com/markets/cannabis/20/07/16468311/deal-hungry-schwazze-is-on-the-hunt-for-solid-leadership-and-building-muscle" title="Deal-Hungry Schwazze Is On The Hunt For Solid Leadership And 'Building Muscle'">Deal-Hungry Schwazze Is On The Hunt For Solid Leadership And &#39;Building Muscle&#39;</a></li>
</ul>
<div class="views-field-title">
<ul>
<li class="views-field-title"><a href="https://www.benzinga.com/markets/cannabis/20/07/16390294/from-titers-to-toys-to-thc-michigan-family-adapts-pharmacy-toy-store-experience-to-cannabis-busi" title="From Titers To Toys To THC: Michigan Family Adapts Pharmacy, Toy Store Experience To Cannabis Business">From Titers To Toys To THC: Michigan Family Adapts Pharmacy, Toy Store Experience To Cannabis Business</a></li>
</ul>
</div>
</div>
</div>
</div>
</div>
</div>
Top Spanish stories:
<ul>
<li><a href="https://elplanteo.com/marihuana-y-movimiento-lgbtqaies-la-comunidad-cannabica-realmente-inclusiva/">Marihuana y Movimiento LGBTQAI+: &iquest;Es la Comunidad Cann&aacute;bica Realmente Inclusiva?</a></li>
<li><a href="https://elplanteo.com/como-los-spac-salvaron-al-mercado-de-cannabis/">C&oacute;mo las SPAC Salvaron al Mercado de Cannabis</a></li>
<li><a href="https://elplanteo.com/cuanto-dinero-tendrias-hoy-si-hubieras-invertir-usd-1-000-en-el-debut-en-bolsa-de-aphria/">Aphria (APHA): Cu&aacute;nto Dinero Tendr&iacute;as Hoy si Hubieras Invertido USD 1.000 en el Debut en Bolsa</a></li>
<li><a href="https://elplanteo.com/universidad-de-toronto-investiga-tratamiento-para-coronavirus-a-base-de-cannabis/">Universidad de Toronto Investiga Tratamiento para Coronavirus a Base de Cannabis</a></li>
<li><a href="https://elplanteo.com/la-fiebre-verde-por-que-la-tortuga-ganara-la-carrera-de-la-industria-del-cannabis/">La Fiebre Verde: Por Qu&eacute; la Tortuga Ganar&aacute; la Carrera de la Marihuana</a></li>
<li><a href="https://elplanteo.com/uba-anuncia-acuerdo-para-investigar-el-cannabis-recibe-cbd-para-estudio-de-actividad-anticonvulsiva/">UBA Anuncia Acuerdo para Investigar el Cannabis, Recibe CBD para Estudio de Actividad Anticonvulsiva</a></li>
<li><a href="https://elplanteo.com/conoce-a-alfredo-pascual-el-periodista-cannabico-uruguayo-reconocido-a-nivel-mundial/">Entrevista a Alfredo Pascual, el Uruguayo Reconocido por su Periodismo Cann&aacute;bico a Nivel Mundial</a></li>
<li><a href="https://elplanteo.com/la-ayahuasca-llega-a-las-grandes-plataformas-de-streaming-the-medicine-documental/">La Ayahuasca Llega a las Grandes Plataformas de Streaming</a></li>
</ul>
Check out these and many other cannabis stories on <a href="https://www.benzinga.com/cannabis/">Benzinga.com/cannabis</a>
Lead image by <a href="https://www.behance.net/ilona-szentivanyi">Ilona Szentivanyi</a>. Copyright: Benzinga.

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The Week In Cannabis: Stocks Underperform Broader Market, Bad News For Zynerba, Organigram And More

Pharmaceutical company Cannabis Sativa&nbsp;Inc. (OTCQB:&nbsp;<a href="http://www.benzinga.com/stock/cbds">CBDS</a>) reported its revenue spiked 392% year-over-year, reaching $493,140 during the first three months of this fiscal year.
The Mesquite, Nevada-based company credited the growth to&nbsp;its telemedicine subsidiary, PrestoDoctor, which operates within states that have legalized medical marijuana.&nbsp;In addition to Nevada, it operates in California, New York, Oklahoma, Missouri, and Pennsylvania.
Cannabis Sativa said it intends to expand its footprint across Illinois, Ohio, Virginia, and Massachusetts. The company is also looking at expanding abroad&nbsp;in Australia, Canada, and Germany.
&quot;We are excited to be helping growing numbers of patients while we build a lasting and highly sustainable telemedicine platform focused on underserved markets,&quot; said the company&#39;s CEO David Tobias in a&nbsp;<a href="http://www.globenewswire.com/news-release/2020/07/02/2056900/0/en/Cannabis-Sativa-Inc-Reports-Record-First-Quarter-Revenues.html">Thursday press release</a>.
In February, the Mesquite, Nevada-based company&nbsp;<a href="http://www.benzinga.com/pressreleases/20/02/ac15372244/cannabis-sativa-acquires-majority-stake-in-contract-manufacturing-company-gk-manufacturing">acquired a 51% interest</a>&nbsp;in California-based contract manufacturing, co-packing, and white label company&nbsp;GK Manufacturing and Packaging, Inc.
Under the acquisition deal, Cannabis Sativa obtained GK&#39;s Ganja Juice brand, and the Murray &amp; Rocco&#39;s CBD infused pet line.

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Cannabis Sativa

Cannabis Sativa (CBDS) Forecast

Cannabis Sativa (OTC:CBDS) Stock, Quote.Headers.trade-ideas