MYM Nutraceuticals Inc MYMMF

Encouraging News Article

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Cannabis Companies That are Thriving Thanks to 2018 U.S. Farm Bill 2019-06-11 08:50:00 AM ET (PR Newswire)

With the passage of the U.S. Farm Bill, hemp will see a significant catalyst for growth. It's already allowing for hemp cultivation and the transfer of hemp products across state lines for commercial and other purposes, notes Forbes. Along the way, It may just create a $39.4 billion market, says Markets and Markets, a marked improvement from a $10.3 billion valuation in 2018. That's opening a wide range of opportunity for companies including MYM Nutraceuticals Inc., (CSE:MYM) (OTC:MYMMF), Village Farms International Inc. (TSX:VFF)(NASDAQ:VFF), Cannabis Science Inc. (OTC:CBIS), Crop Infrastructure Corp. (CSE:CROP)(OTC:CRXPF), and Charlotte's Web Holdings Inc. (CSE:CWEB)(OTC:CWBHF). MYM Nutraceuticals Inc. (CSE:MYM)(OTCQB:MYMMF) BREAKING NEWS: MYM Nutraceuticals Inc. just announced that it raised a total of $9.5 million which will fully fund its strategic plan through 2020. The $9.5 million is a mixture of $5.5 million of debt from Trichome Financial Corp. and $4 million of equity from Alumina Partners LLC. "MYM is encouraged to share that, after considerable due diligence, Trichome and Alumina Partners have decided to provide the company with commitments to finance up to $9.5 million," said Howard Steinberg, CEO of MYM. "The commitments are an incredible vote of confidence for our plans to become global leaders in the cultivation, extraction, and distribution of CBD-rich hemp. The capital raise is a significant milestone that allows the Company to fully fund our strategic plan through 2020." MYM currently has three CBD-rich hemp cultivation and extraction projects, two medical cannabis cultivation projects, and three CBD isolate distribution offices in Europe, Mexico and Australia. Through 2020, the plan forecasts cultivating over 5 million pounds of CBD rich biomass that if converted into isolate, as per the plan, will produce 108,800 kilograms of CBD isolate. Visit mym.ca for more details on the 2019 Strategic Plan. "We have been thoroughly impressed with the level of expertise and sophistication that MYM's new senior leadership team has displayed as they execute a pivot towards becoming leaders in all aspects of CBD-rich hemp" said Michael Ruscetta, CEO of Trichome. "This transaction is another example of Trichome providing flexible and timely capital fully secured against all the assets and licenses of MYM, which we expect will deliver extremely attractive returns" For more news for MYM please visit: https://www.financialnewsmedia.com/news-mym/

 

Cannabis Companies That are Thriving Thanks to 2018 U.S. Farm Bill

2019-06-11 08:50:00 AM ET (PR Newswire)

With the passage of the U.S. Farm Bill, hemp will see a significant catalyst for growth. It's already allowing for hemp cultivation and the transfer of hemp products across state lines for commercial and other purposes, notes Forbes. Along the way, It may just create a $39.4 billion market, says Markets and Markets, a marked improvement from a $10.3 billion valuation in 2018. That's opening a wide range of opportunity for companies including MYM Nutraceuticals Inc., (CSE:MYM) (OTC:MYMMF), Village Farms International Inc. (TSX:VFF)(NASDAQ:VFF), Cannabis Science Inc. (OTC:CBIS), Crop Infrastructure Corp. (CSE:CROP)(OTC:CRXPF), and Charlotte's Web Holdings Inc. (CSE:CWEB)(OTC:CWBHF). MYM Nutraceuticals Inc. (CSE:MYM)(OTCQB:MYMMF) BREAKING NEWS: MYM Nutraceuticals Inc. just announced that it raised a total of $9.5 million which will fully fund its strategic plan through 2020. The $9.5 million is a mixture of $5.5 million of debt from Trichome Financial Corp. and $4 million of equity from Alumina Partners LLC. "MYM is encouraged to share that, after considerable due diligence, Trichome and Alumina Partners have decided to provide the company with commitments to finance up to $9.5 million," said Howard Steinberg, CEO of MYM. "The commitments are an incredible vote of confidence for our plans to become global leaders in the cultivation, extraction, and distribution of CBD-rich hemp. The capital raise is a significant milestone that allows the Company to fully fund our strategic plan through 2020." MYM currently has three CBD-rich hemp cultivation and extraction projects, two medical cannabis cultivation projects, and three CBD isolate distribution offices in Europe, Mexico and Australia. Through 2020, the plan forecasts cultivating over 5 million pounds of CBD rich biomass that if converted into isolate, as per the plan, will produce 108,800 kilograms of CBD isolate. Visit mym.ca for more details on the 2019 Strategic Plan. "We have been thoroughly impressed with the level of expertise and sophistication that MYM's new senior leadership team has displayed as they execute a pivot towards becoming leaders in all aspects of CBD-rich hemp" said Michael Ruscetta, CEO of Trichome. "This transaction is another example of Trichome providing flexible and timely capital fully secured against all the assets and licenses of MYM, which we expect will deliver extremely attractive returns" For more news for MYM please visit: https://www.financialnewsmedia.com/news-mym/