Market Newsdesk

Denver, Colorado, March 05, 2021 (GLOBE NEWSWIRE) — via NewMediaWire — CBD Global Sciences, Inc. (OTC: CBDNF) (CSE: CBDN) (Frankfurt:GS3), (“CBD Global” or the “Company”), is pleased to share that state legislators in Indiana have reversed a ban on smokable hemp. 

The Indiana state House has voted to reverse a smokable hemp ban being challenged in federal court.  A bill approved 69-28 last week would remove references to “smokable hemp” from the state’s 2019 law setting up hemp regulations. Those regulations banned the production and sale of hemp flower products.  The bill also repeals a law that requires that a hemp bud or a hemp flower be sold only to a processor licensed in Indiana.  The measure now heads to the Indiana Senate.  The Company is anticipating that other states will share the same outcome as the smokable hemp product is an all-natural method for CBD intake and is becoming a preferred method for CBD use amongst many consumers of CBD.

Smokable hemp is one of the fastest-growing sectors in the hemp industry.  Analytics firm Nielsen Global Connect predicts that by 2025, the market could reach $300 million to $400 million, representing roughly 5% of the potential $6 billion to $7 billion hemp-derived CBD consumer products category.  (Source  Hemp Industry Daily)

Brad Wyatt, CEO of CBD Global Sciences, shared, “Strasburg Pharms has successfully converted its large-scale outdoor farming of industrial hemp to indoor smokable hemp with over 10,000 SF of indoor growing facility.  The current growing capacity would enable the production of over $10M of smokable product (MSRP) annually and the farm has the ability to expand on existing land with addition indoor growing facilities by a 20X as demand for the product increases.   With Legacy Distribution, the new distribution company added to the lineup of the CBD Global family of companies, I believe it is positioned to exploit the uptick in demand for the smokable product.”

In addition to the foregoing, the Company provides the following update to the previously announced matter with one of its subsidiaries, Global NV Corporation (“GNV”).   As reported, GNV received a claim from a former landlord with respect to a commercial lease agreement entered into by GNV in October 2018 (the “Lease”).  The Lease was abandoned by GNV in January 2019 due to Adams County Fire Department identifying the need for upgraded sprinkler systems that were not highlighted by the landlord as being required for the type of operation when GNV took possession of the property.  Neither the landlord nor GNV believed it was their responsibility to improve the facility as required by Adams County FD.  The landlord under the Lease seeks to recover from GNV unpaid lease payments for the remainder of the Lease period (subject to mitigation) in the gross claimed amount of $550,000 plus fees.  Management of GNV is vigorously defending the claim.  To date the Landlord has become an aggressive creditor pushing the Company to evaluate the opportunity to seek protection under the Chapter 11 (subsection(v)) bankruptcy laws in the United States for the subsidiary company, allowing the subsidiary to reorganize its debt and present a plan for GNV’s continued operations.  CBD Global, GNV’s parent company, has a vested interest in successfully navigating through this matter despite the creditor’s claims.

ABOUT CBD GLOBAL SCIENCES INC.

CBD Global Sciences, Inc., is a vertically integrated hemp-based CBD producer and branding investment vehicle which currently owns two product categories, branded under the name Aethics™ (www.aethics.com) and CANNAOIL (www.cannaoilshop.com), which include CBD Oil tinctures (liquid products), CBD capsules, CBD topicals, Hydration products and Confectionary products.  CBD Global Sciences hemp-derived CBD extracts are sold through select distributors, brick and mortar retailers, and online.

CBD Global Sciences, through its wholly owned subsidiary, Strasburg Pharms, grows, and operates irrigated land in Colorado, that grows hemp with only all-natural Colorado water, soil, sun, and nutrients and NEVER sprayed with pesticides or chemicals.  Our genetics are hand selected and maintained to present the best cannabinoid profile with extremely high CBD. 

For further information, please contact, Investor Relations, (888) 401-2239, [email protected]

NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER HAS REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to future developments and the business and operations of the Corporation after the CSE listing.  Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to general business, economic, competitive, political, and social uncertainties; and delay or failure to receive board, shareholder, or regulatory approvals.  Readers should not place undue reliance on forward-looking statements.  The Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

SAN ANTONIO, March 05, 2021 (GLOBE NEWSWIRE) — CloudCommerce, Inc. (CLWD), a leading provider of digital advertising solutions, today announced that its AI-driven SWARM platform will rely on a novel approach to overcome Google’s newly released ad-targeting restrictions that are hitting hard at ad-targeting firms such as The Trade Desk, Magnite and Criteo.

Shares prices of many companies that specialize in targeted online advertising declined this week. Ad-buying platform leader The Trade Desk sell-side specialist Magnite and ad retargeting expert Criteo were hit especially hard.

Market watchers attributed much of the decline in share prices to news from Google that it will soon begin restricting the way that data is used for ad campaigns.

Ad-targeting companies such as Criteo, The Trade Desk and Magnite rely on so-called third-party browser cookies for their data gathering and organization efforts, particularly when ad campaigns are shaped around the specific browsing behavior of specific web users. Google’s announcement that third-party cookies are going away someday soon was very bad news for the ad-targeting industry. Further, Google took the next step of promising to make it harder to replace cookies with alternative user-tracking technologies.

“Today, we’re making explicit that once third-party cookies are phased out, we will not build alternate identifiers to track individuals as they browse across the web, nor will we use them in our products,” said David Temkin, Google’s director of product management, ads privacy, and trust. Further, Mr. Temkin suggested that workarounds such as user tracking by email addresses will eventually fail as users demand tighter browsing privacy under an evolving regulatory framework.

Google also announced that its market leading Chrome browser will feature new privacy controls in April as the first step toward deeper privacy protections by default.

“We believe that our SWARM platform will deliver a solution that will overcome this problem caused by Google while still ensuring the privacy of users,” said Andrew Van Noy, CEO of CloudCommerce. “Why? Simply because SWARM does not rely on the use of browser cookies.”

Mr. Van Noy, continued, “Instead, SWARM uses AI to manage “personas” which will now become more important than ever for targeting purposes. Cookies are dead. Also, our use of personas will overcome another challenge for the ad targeting industry created by Apple as soon as it releases its next operating system that will ask users to opt in to share their location on every mobile app. As a result, location data will decrease significantly to the point where it won’t be scalable.”

A persona is a proxy for a brand’s target audience. A proxy represents someone who has the same interests, priorities and concerns as the brand’s buyers. Within the brand’s target market, there are several ideal customer profiles, and each ideal customer profile could have a multiple number of personas. Developing these personas is based on extensive research and requires the use of artificial intelligence and machine learning tools.

For brands of all types, artificial intelligence will make buyer personas more valuable than ever by making them more accurate and personalized. How? By inventing how persona building works, including:

• AI platforms are capable of collecting and analyzing prospect and customer data at massive scale.
• By delivering accurate, human-like associations from a vast array of data.
• Fine tuning the digital experience for customers.
• Continually update all personas in real time.
• Automating the entire process.
• Interface with existing marketing stacks.

Mr. Van Noy concluded, “We are convinced that personas will replace cookies. Our approach is unique, and we believe that it will be disruptive in the ad targeting and ad buying process. Not only will our AI-driven SWARM platform overcome the new challenges posed by the actions of big players, such as Google and Apple, but it will ensure user privacy and lead to lower advertising costs.”

For more information about AiAdvertising, please visit the Company’s new website at www.AiAdvertising.com.

About CloudCommerce

CloudCommerce is a leading provider of digital advertising solutions. Our flagship solution, SWARM, analyzes a robust mix of audience data to help businesses find who to talk to, what to say to them, and how to market to them. We do this by applying advanced data science, behavioral science, artificial intelligence, and market research techniques to discover, develop and create custom audiences for highly targeted digital marketing campaigns. For more information about the Company, please visit www.CloudCommerce.com.

Forward-Looking Statements

This press release may contain “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements are included in our filings with the Securities and Exchange Commission, including the “Risk Factors” section of our annual report on Form 10-K for the year ended December 31, 2019. Any forward-looking statement made by us in this release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

Press Contact:

CloudCommerce, Inc.
Tel: (800) 673-0927
[email protected]

New York, March 05, 2021 (GLOBE NEWSWIRE) — – Delta 9 Cannabis Inc (TSE:DN) (OTCQX:VRNDF) (FRA:V5D1) achieves final milestone in services agreement with cultivation partner Fourth Generation Cannabis click here

– Versus Systems Inc (NASDAQ:VS) (CSE:VS) (FRA:BMVB) announces strategic partnership with experiential marketing agency Frias Agency click here 

– First Mining Gold Corp (TSE:FF) (OTCQX:FFMGF) (FRA:FMG) files its pre-feasibility study (PFS) for Springpole project in Ontario click here 

– DXI Capital Corp (TSE:DXI) (OCTQB:DXIEF) on the hunt for an “impactful tailwind business”; files 2020 financial statement click here 

– Predictmedix Inc (CSE:PMED) (OTCQB:PMEDF) completes C$1.1M equity financing to scale up its operations click here 

– The Valens Company Inc (TSE:VLNS) (OTCQX:VLNCF) (FRA:7LV) closes C$24.9M deal for edibles manufacturer LYF Food Technologies click here 

– Albert Labs inks definitive reverse takeover agreement with ME Resource Corp, moves closer to CSE listing click here 

– Exro Technologies Inc (CVE:EXRO) (OTCQB:EXROF) reiterates focus on executing its outstanding business strategy as it hits back at ‘baseless attack’ from Mariner Group click here 

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PLANO, Texas, March 05, 2021 (GLOBE NEWSWIRE) — The team at Samsung announced a $1 million donation to community partners in Central and North Texas to support winter storm recovery and relief efforts. This includes a donation of $250,000 which will enable the Food Bank to provide more than 750,000 meals.

The recent ice storms impacted the North Texas region greatly, with many neighbors still dealing with water shortages as well as damage to homes. This unprecedented weather event will create a long lasting and impactful barrier, especially for those that might have already been facing increased food insecurity due to the ongoing COVID-19 pandemic.

“We are so appreciative for the support of companies like Samsung,” said Trisha Cunningham, President and CEO of the North Texas Food Bank. “Our mission is to bridge the hunger gap in North Texas and provide children, adults and seniors a hunger-free future. Corporate partners are a critical component of our efforts and we could not meet the growing demand for our services without their trust, collaboration and generosity. This recent storm was devastating and this gift from Samsung will be put to good use immediately to help our neighbors.”

The Samsung team is providing support to the North Texas Food Bank as well as several other Food Banks in the Lone Star State. This support comes after additional funds were donated from Samsung to help non profits who are grappling with the ongoing COVID-19 crisis.

“When the Texas community needed a helping hand, the North Texas Food Bank was there to help,” said K.S. Choi, President and CEO, Samsung Electronics North America. “Building upon our partnership with the food bank, Samsung is proud to continue supporting their mission to provide meals to our North Texas neighbors.”

Click here to learn more about how Samsung supports the local community.

About the North Texas Food Bank (NTFB) is a top-ranked nonprofit hunger-relief organization operating a state-of-the-art volunteer and distribution center in Plano, the Perot Family Campus. Last year, the Food Bank worked hard in partnership with member agencies from our Feeding Network to provide access to almost 97 million nutritious meals across a diverse 13-county service area, exceeding our goal by five years to provide access to 92 million annual meals by 2025. But the need for hunger relief is complex and in order to meet the continued need, the NTFB is always working to increase our food distribution efforts and bridge the hunger gap for children, seniors, and families in North Texas.

NTFB is a member of Feeding America, a national hunger-relief organization.

About Samsung Electronics America, Inc.

Headquartered in Ridgefield Park, N.J., Samsung Electronics America, Inc. (SEA), is a leader in mobile technologies, consumer electronics, home appliances and enterprise solutions. A wholly owned subsidiary of Samsung Electronics Co., Ltd., SEA is pushing beyond the limits of today’s technology and providing consumers and organizations with a portfolio of groundbreaking products and services across mobile devices, connected appliances, home entertainment, 5G networks and digital solutions. To discover more about Samsung, please visit www.samsung.com. For the latest Samsung news, please visit news.samsung.com/us and follow us @SamsungNewsUS. 

MEDIA CONTACT

ANNA KURIAN
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214-724-6565

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e8175db6-e564-4e66-b28d-864268370f52

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2118eb9c-fb20-49b5-ab0e-8f2852252384