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Illinois Passes Law To Legalize Cannabis; Major Win For Marijuana Companies

In 2008, Illinois passed the Smoke-Free Illinois Act making it illegal to smoke tobacco indoors at nearly every public place. However, things are shaking up as Gov. J.B Pritzker signed a bill into law Tuesday making it the 11th State to legalize recreational marijuana use.

The new Illinois law allows those over 21 years old to legally carry 30 grams of cannabis flower, and 5 grams of cannabis concentrates, like hash oil. Moreover, Illinoisans are legally allowed to possess up to 500 milligrams of THC in a cannabis-infused product, like gummies, vape, beverages, etc.

This bill passage brings more attention for Hemp-Derived CBD and cannabis companies, especially so for the U.S. front-runners who develop cutting-edge products, like Real Brands, Inc. (“RLBD”).

RLBD is a Hemp-Derived CBD Brand Building company based out of Pompano Beach, Florida.

RLBD’s is developing a Hemp-Derived CBD product line that includes capsules, powders, tinctures, and salves/balms formulated for Pain, Rest and Relaxation, Energy and Immune Support. 

Today we’re highlighting: Real Brands, Inc. (OTCPINK: RLBD), GrowGeneration Corp. (OTCQX: GRWG), HEXO Corp (NYSE: HEXO), MJardin Group, Inc. (OTCQX: MJARF), Harvest Health & Recreation Inc. (OTCQX: HRVSF).

Real Brands, Inc. (OTCPINK: RLBD), (Market Cap: $12.2M; Share Price: $0.083), Real Brands, Inc. is a brand building company in the Legal Hemp-Derived CBD industry. The company’s acquisition strategy is for accretive acquisitions of trademarks, patents, other IP and related business opportunities that can be efficiently integrated into the company’s infrastructure and financial capabilities so that the company can benefit from the gross profit contribution from distribution, licensing, joint ventures and other opportunities. In May RLBD signed a Letter of Intent with Integrative Medicine US, of Coral Springs, Florida, to acquire their proprietary Hemp-Derived CBD formulas consisting of Ancient Chinese Medicine and other Ancient Herbal Remedies that they have paired with the latest scientific breakthroughs in endocannabinoid systems, nutrients and CBD. 

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GrowGeneration Corp. (OTCQX: GRWG) (Market Cap: $96.807M) (Share Price: $3.30), GrowGeneration is one of the largest chains of specialty hydroponic and organic garden centers, with currently 21 locations, reported financial results for its fiscal year ended December 31, 2018 in April. 2018 Financial Highlights: Revenue of $29.0 million up $14.6 million or 102% over 2017 revenues of $14.4 million. On June 26th, 2019 the company announced that it has completed an upsized, private placement totaling $12.8 million.

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HEXO Corp (NYSE: HEXO) (Market Cap: $1.286B Share Price: $5.32), HEXO Corp., through its subsidiary, HEXO Operations Inc., produces, markets, and sells cannabis in Canada. The company offers dried cannabis under the Time of Day and H2 lines; Elixir, a cannabis oil sublingual mist product line; and Decarb, an activated fine-milled cannabis powder product. It provides its products under the HEXO and Hydropothecary brand names. The company serves medical and adult-use markets. 

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MJardin Group, Inc. (OTCQX: MJARF) (Market Cap: $87.556M) (Share Price: $1.32), MJardin is a cannabis management platform with extensive experience in cultivation, processing, distribution and retail. For over 10 years, MJardin has refined cultivation methodologies, developed state of the art facilities and implemented vertical integration for and on behalf of license owners. The company announced on June 26th, 2019 that the AtlantiCann Medical Inc. (“AMI”) facility has reached full production capacity at three harvests per month with consistent yields and is ahead of schedule for reaching its annual target rates. “AMI” is a three-way partnership consisting of Nova Scotia Mi’kmaq First Nations (51%), MJardin Group, Inc. (39%) and the Halef Group (10%).

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Harvest Health & Recreation Inc. (OTCQX: HRVSF) (Market Cap: $582.865M) (Share Price: $6.17), Harvest Health & Recreation, Inc. is a multi-state cannabis operator (MSO) and vertically-integrated cannabis company. Subject to completion of announced acquisitions, Harvest will have the largest footprint in the U.S., with rights to more than 210 facilities, of which approximately 140 are retail locations, and more than 1,580 employees across 17 states. The company announced on June 26th, 2019 Harvest Health & Recreation Shareholders and Verano Holdings LLC members overwhelmingly approved their business combination agreement. 

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“Recent advances in technology have allowed us to create a line of products that is superior to anything on the market.” Said Jonathan Fields, AP DOM. RLBD’s products are 100% NON-GMO, Vegan, and 3rd Party Lab Tested using CBD from Full Spectrum Hemp, providing its users with longer-lasting effects at a fraction of the dose when compared to other CBD products.

Legal Disclaimer:

 

This article was written by Regal Consulting, LLC (“Regal Consulting”).  Regal Consulting has agreed to a three-month term consulting agreement with RLBD dated 8/31/18.  The agreement calls for $100,000 note issued to Regal Consulting, and 2,500,000 restricted 144 shares of RLBD for three months of service.  Regal has elected to convert $73,000 of principal of the $100,000 note into 2,761,872 Restricted 144 shares of RLBD. Regal Consulting has agreed to a twelve- month term consulting agreement with RLBD dated 1/4/2019.  The agreement calls for $10,000 in cash and 500,000 shares per month. All payments were made directly by Real Brands, Inc. to Regal Consulting, LLC. to provide investor relations services, of which this article is a part of.  Regal Consulting also paid one thousand dollars cash to microcapspeculators.com to distribute this article.  Regal Consulting may have a position in the securities mentioned in this article at the time of publication, and may increase or decrease its position without notice.  This article is based on public information and the opinions of Regal Consulting. RLBD was given an opportunity to edit this article. This article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any results predicted herein.  Regal Consulting is not registered with any financial or securities regulatory authority, and does not provide or claim to provide investment advice.

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