NetworkNewsBreaks – Cannabis Global, Inc. (MCTC)

NetworkNewsBreaks – Cannabis Global, Inc. (MCTC) Enters Game-Changing Agreement for Expansion in the California Cannabis Edibles and Beverages Marketplace

Cannabis Global (OTC: MCTC), a cannabinoid and hemp extract science forward company developing infusion and delivery technologies, today announced its entry into a definitive, five-year agreement (the “Agreement”) for the production of cannabis edibles and beverages in conjunction with licensed California cannabis operator, Magnolia Extracts, LLC of Lynwood, California. Under the Agreement, Cannabis Global will provide access to its trade secrets and patent pending technologies for chemical-free cannabis and hemp infusions in the production of edibles and beverages containing tetrahydrocannabinol (“THC”). “This deal represents an enormous escalation in terms of our positioning in the California cannabis edibles and beverages marketplace,” Cannabis Global CEO Arman Tabatabaei said in the news release. “We will be working closely with Magnolia and look forward to a rapid path to market for these innovative products. We have strong reason to believe we will see a relatively quick expansion in distribution footprint given the prepotency of demand we are seeing among potential distribution partners already. The Magnolia site has recently been modified to our specifications and is now complete. We are looking forward to moving out of our initial stage of development and into full-scale production. This Agreement is a game-changing development with strong tangible implications for our performance this year. “

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