Cannabis Global Provides Investor Update – Expects Current Revenue Growth Trends to …

LOS ANGELES, CA / ACCESSWIRE / January 20, 2022 / Cannabis Global, Inc.

Cannabis Global reported total assets at the end of the November quarter of $11.5 million compared to assets of $3.2 million at the end of the year-ago quarter.

The Company is experiencing continued firm orders from its major customers even as industry-wide cannabis sales growth within the regulated market is constrained.

“We are pleased with the revenue growth we reported during the November quarter and believe the growth trend is continuing into the current quarter,” commented Arman Tabatabaei, CEO of Cannabis Global.

Cannabis Global has taken important steps to increase vertical integration of product inputs via the installation of an on-premises solventless extraction function that allows the Company to produce its own ice water hash, which Company personnel press into high-quality cannabis rosin extracts for use in the Company’s products.

The first of which will be marketed under the Company’s Northern Lights brand name, with the second to be produced for mass distribution throughout California for an established brand.

Mr. Tabatabaei continued, “Over the past two years, we have invested heavily in R&D, which we believe is now paying off in the release of several unique products.

Our subsidiary, Natural Plant Extract , is a Southern California licensed cannabis manufacturer and distributor which licenses our technologies to produce edibles for the cannabis marketplace.

Such forward-looking statements include, among other things, the development, costs and results of new business opportunities and words such as “anticipate,” “seek,” intend,” “believe,” “estimate,” “expect,” “project,” “plan,” or similar phrases may be deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.

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