Thursday, October 29, 2020

#ExploringMining #Podcast Episode 114 – #Mining #Stock News from (NYSE: $NEM) (NYSE: $AEM) (NYSE: $AGI) (CSE: $FMAN.C)

#ExploringMining #Podcast Episode 114 – #Mining #Stock News from (NYSE: $NEM) (NYSE: $AEM) (NYSE: $AGI) (CSE: $FMAN.C)         

 


Point Roberts WA, Delta BC, October 29, 2020 Investorideas.com, a global investor news source covering mining and metals stocks releases today’s edition of Exploring Mining Podcast, featuring stock news from TSX, TSXV ,CSE, ASX, NASDAQ, NYSE  companies plus interviews with CEO's and leading experts.

 

Listen to the podcast:

https://www.investorideas.com/Audio/Podcasts/2020/102920-Mining.mp3

 

Read this in full at https://www.investorideas.com/news/2020/exploring-mining/10291NEM-AEM-AGI-FMAN.asp

 

Listen to Exploring Mining podcast on iTunes Apple podcasts   

 

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Newmont Corporation (NYSE:NEM) has announced its third quarter 2020 results. Some highlights include the production of 1.5 million attributable ounces of gold and the generation of $1.6 billion of cash from continuing operations. The company’s President and CEO, Tom Palmer, commented:

 

"Capitalizing on the strength of our portfolio and higher gold prices, we delivered record third quarter adjusted EBITDA of $1.7 billion and free cash flow of $1.3 billion. This was the best quarterly financial performance in Newmont’s history. We also remain focused above all else on protecting the health, safety and wellbeing of our workforce and neighboring communities as the pandemic continuesAs demonstrated by our second dividend increase this year, with a 79 percent increase in January and a further 60 percent increase in October, I am confident that our world-class portfolio is best positioned to generate industry-leading value and returns for our shareholders."

 

Agnico Eagle Mines Limited (NYSE:AEM) has reported its third quarter 2020 results, which include a net income of $222.7 million ($.0.92 per share), as well as payable gold production of 492,693 ounces. Sean Boyd, the company’s CEO, said:

 

“Many of our operations set monthly or quarterly production records, which is a testament to the hard work of our employees and the continued support of our local communities in these difficult times. This solid operational performance, coupled with a record realized gold price, resulted in strong quarterly free cash flow generation. With similar production levels expected in the fourth quarter of 2020, we remain confident in our business and its ability to generate significant free cash flow on a go-forward basis.”

 

Alamos Gold Inc. (NYSE:AGI) has reported its financial results for the quarter ended September 30, 2020. In the quarter, the company produced 117,100 ounces of gold – representing a 49 percent increase over the second quarter of 2020 – and generated record cash flow from operating activities of $130.8 million – an increase of 62 percent over the third quarter of 2019. The company’s President and CEO, John A. McCluskey, commented:

 

“We had an excellent third quarter financially and operationally with strong performances at all three operations driving costs significantly lower. This included another record quarter at Island Gold, and Young-Davidson starting to demonstrate its full potential following the completion of the lower mine expansion. We previously outlined our expectation to transition to strong free cash flow generation in the second half of 2020, and we delivered with record free cash flow of $76 million in the quarter.”

 

Freeman Gold Corp. (CSE:FMAN) has provided an exploration update for its 100 percent-owned Lemhi Gold Project, in Idaho. This includes the confirmation of the presence of extensive gold mineralized horizons and to date the completion of 16 cored drill holes totaling 3,328 metres. Freeman Gold’s President and CEO, Will Randall, said:

 

"Our Phase 1 drill campaign is successfully underway and is confirming our understanding of the mineralization and geology of the Lemhi Gold Project. The mineralization is generally flat lying within Proterozoic metasediments. Quartz veining, silicification, brecciation and faulting dominate the mineralized zones and are oxidized from surface. Results have so far matched historical logs closely. Multiple flat lying, high grade zones, often containing visible gold, are stacked and may constitute a bulk tonnage target."

 

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About Investorideas.com - News that Inspires Big Investing Ideas Investorideas.com is a recognized news source publishing third party news, research and original financial content. Learn about investing in stocks and sector trends with our news alerts, articles, podcasts and videos, looking at cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy and more. Investor Idea’s original branded content includes the following podcasts and columns : Crypto Corner , Play by Play sports and stock news column, Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast and column,  Cleantech and Climate Change , Exploring Mining  the AI Eye .

 

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#Health and #Wellness #Stock Can B Corp (OTCQB: $CANB) Reports Duramed Ultrasound Pain Management and Injury Recovery Solution Expands Availability of Insurance; @CanBCorp

#Health and #Wellness #Stock Can B Corp (OTCQB: $CANB) Reports Duramed Ultrasound Pain Management and Injury Recovery Solution Expands Availability of Insurance; @CanBCorp  

 

HICKSVILLE, NY – October 29, 2020 – Investorideas.com Newswire --- Health and wellness stock news - Can B Corp. (OTCQB: CANB) (“Can B” or the “Company”), a diversified health and wellness company, is pleased to announce its expansion for its Duramed Division ultrasound program, the SAM Pro 2.0, to Michigan. The revolutionary Sustained Acoustic Medicine (“SAM”) wellness solution, is proven in accelerating tissue healing and chronic pain reduction and is reimbursable by health insurance companies.

 

Read this news, featuring CANB in full at https://www.investorideas.com/news/2020/lohas/10291CANB-Duramed-Ultrasound.asp

 

This marks the first availability of Duramed beyond its initial success in New York and New Jersey. The opening of Michigan was made possible for no fault insurance via an agreement with Allcare Practice Management.

 

The SAM Pro 2.0 is the first and only FDA cleared wearable low intensity ultrasound device delivering multi-hour treatment to accelerate healing and improve function for musculoskeletal injuries (muscle, tendon, ligament) and reduce chronic pain (without opioid pain medication).

 

Duramed’s marketing strategy is to provide equipment and services to both medical offices as well as direct to consumer. The recurring revenue business model calls for a rental rate per day, which is billed to the insurance company.

 

Duramed is a member of MAGNACARE, an industry organization that insures expedient processing (1st check within 30 days) + arbitration/negotiation support.

 

Marco Alfonsi, Can B’s Chief Executive Officer, commented, “We are thrilled in achieving this milestone of expanding upon our success in New York and New Jersey with this revolutionary solution that addresses a much needed void in the market to accelerate tissue healing and chronic pain reduction. The unique SAM delivery system, recurring revenue business model and our potential to add our proprietary CBD gels, is expected drive our acceleration of revenue at improved gross margins over the next twelve months.”

 

About Can B Corp.

Can B Corp. (OTCQB: CANB) is a Health & Wellness company providing the highest quality cannabidiol (CBD) products under the brands of Canbiola, Seven Chakras, NuWellness, Pure Leaf Oil and Duramed. Can B utilizes multi-channel distribution to reach consumers, including medical facilities, doctor offices, retailers, online and direct. CanB is also an exclusive partner of the LifeGuard® Brand in developing a line of consumer products. The Company is also launching Super Foods, a line of nutritional supplements. Can B Corp. owns and operates an R&D and production facility in Lacey, WA and Green Grow Farms, a licensed hemp grow and cultivation in New York.To learn more about Can B Corp. and our comprehensive line of high quality CBD products, please visit: Canbiola.com and www.CanBCorp.com, follow Can B Corp on Instagram and Facebook, or visit one of the 1,000+ retail outlets that carry Can B Corp. products.

 

For more information about Can B Corp., please visit: CanBCorp.com

 

Twitter @CanBCorp

Instagram @canbcorp

Facebook @ Can B Corp

 

Forward-Looking Statements

Forward-looking statements and risks and uncertainties discussed in this release contain forward-looking statements. The words "anticipate," "believe," "estimate," "may," "intend," "expect," and similar expressions identify such forward-looking statements. Expected, actual results, performance, or achievements could differ materially from those contemplated, expressed, or implied by the forward-looking statements contained herein. Forward-looking statements are subject to a number of risks and uncertainties, including but not limited to, risks and uncertainties associated with, among other things, the impact of economic, competitive, and other factors affecting our operations, markets, products, and performance. The matters discussed herein should not be construed in any way, shape or manner of our future financial condition or stock price. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.

 

Investors and Media:

IR@canbiola.com

(917) 658-7878

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#AI #Stock News: GBT's (OTCPINK: $GTCH) Patent for 3D Monolithic, Multi-Dimensional/Plane, Memory Structure - Integrated Circuits - Received a Notice of Allowance; @GbtTechnologies #ArtificialIntelligence

#AI #Stock News: GBT's (OTCPINK: $GTCH) Patent for 3D Monolithic, Multi-Dimensional/Plane, Memory Structure - Integrated Circuits - Received a Notice of Allowance; @GbtTechnologies #ArtificialIntelligence

 


SAN DIEGO - October 29, 2020 (Investorideas.com Newswire) GBT Technologies Inc. (OTCPINK: GTCH) ("GBT", or the "Company"), announced that it received a notice of allowance for application number 16/292,388, which was filed on March 5, 2019, issued by the United States Patent and Trademark Office (“USPTO”) for its 3D, Monolithic, multi-dimensional, multi-plane, memory structure for integrated circuits patent. The application has been examined by USPTO and is allowed for issuance as a patent. The Company expects that it will receive a granted date during the next few months.

 

Read this news, featuring GTCH in full at https://www.investorideas.com/CO/GOPH/news/2020/102913D-Monolithic.asp

 

The present invention relates to the field of integrated circuit (IC), and more particularly to multi-dimensional, multi-planar IC memory. GBT's 3D microchip patent is protecting GBT's futuristic integrated circuit technology which introduces new systems and methods for microchip's manufacturing. The invention is designed to present a new die structure and orientation with a focus on deep nanometer range. The goal of the technology is to enable manufacturing more devices on silicon in order to achieve more circuits/features on die.

Further, it is designed to enables new IC architectures for larger designs within smaller areas while lowering the overall IC's power consumption. This target market for this technology, when fully developed, will be area-dependent ICs such as memory chips, MEMS (Micro-Electro Mechanical Systems) and micro solar cells.

 

GBT's invention goes beyond 3D concept with multi-plane silicon structures, for example honeycomb, hexagonal and further multi-planetary structures, in order to significantly increase silicon surface area. These types of structures are designed to enable the design and manufacture chips with multi-trillion transistors on die, creating new horizons for mega-chips with mega features.

 

"We believe this invention will open a whole world of possibilities for mega-chips with numerous possible features. We believe silicon structures in the shape of honeycomb, and hexagonal structural layout, can significantly increase the silicon surface for transistors, enabling a new generation of microchips" stated Danny Rittman, GBT CTO. "We intend to explore various practical uses for this technology including with memory cells, micro solar cells and MEMS chips, we believe enabling larger silicon areas will create new horizons for the creation of advanced, miniaturized electro-mechanical systems like micro-sensors and micro-actuators with the goal of creating advanced AI, CPU and powerful GPUs within smaller areas."

 

About GBT Technologies Inc.

GBT Technologies Inc. (OTC PINK: GTCH) ("GBT") (http://gbtti.com) is a development-stage company which considers itself a native IoT creator, developing Internet of Things (IoT) and Artificial Intelligence (AI) enabled mobile technology platforms. GBT has a portfolio of Intellectual Property that, when commercialized, will include smart microchips, mobile and security applications and protocols, and supporting cloud software. GBT's system envisions the creation of a global mesh network. The core of the system will be its advanced microchip technology that can be installed in any mobile or fixed device worldwide. GBT envisions this system as a low-cost, secure, private mesh network between any enabled devices, providing shared processing, advanced mobile database management/sharing and enhanced mobile features as an alternative to traditional carrier services.

 

Forward-Looking Statements

Certain statements contained in this press release may constitute "forward-looking statements". Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as disclosed in our filings with the Securities and Exchange Commission located at their website ( http://www.sec.gov). In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, governmental and public policy changes, the Company's ability to raise capital on acceptable terms, if at all, the Company's successful development of its products and the integration into its existing products and the commercial acceptance of the Company's products. The forward-looking statements included in this press release represent the Company's views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of the press release.

 

Contact:

Dr. Danny Rittman, CTO
GBT Technologies Inc.
Media: 
press@gopherprotocol.com

 

GBT Technologies Inc. (OTCQB:GTCH) is a featured tech stock on

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Wednesday, October 28, 2020

Investor Ideas #Potcasts, #Cannabis News and #Stocks on the Move; Episode 487 (TSXV: $META.V) (CSE: $HITI.C) (OTCQB: $HITIF) (OTC: $CHNC)

Investor Ideas #Potcasts, #Cannabis News and #Stocks on the Move; Episode 487 (TSXV: $META.V) (CSE: $HITI.C) (OTCQB: $HITIF) (OTC: $CHNC)

Today's podcast sponsored by Cannabis Suisse Corp. (OTC: $CSUI), a fully licensed cannabis cultivation and distribution company in Switzerland

 


Delta, Kelowna, BC, October 28, 2020 (Investorideas.com Newswire) www.Investorideas.com, a global news source covering leading sectors including marijuana and hemp stocks and its potcast site, www.potcasts.ca  release today’s podcast edition of  cannabis news and stocks to watch plus insight from thought leaders and experts.

 

Listen to the podcast:

https://www.investorideas.com/Audio/Podcasts/2020/102820-StocksToWatch.mp3

 

Read this in full at https://www.investorideas.com/news/2020/cannabis-potcasts/10281META-HITI-HITIF-CHNC.asp

 

Hear the investor ideas potcast on Spotify

 

Hear Investor ideas cannabis potcast on iTunes  

 

Today’s podcast overview/transcript:

 

Good afternoon and welcome to another episode of Investorideas.com "Potcast" featuring cannabis news, stocks to watch as well as insights from thought leaders and experts.

 

Today’s podcast is sponsored by Cannabis Suisse Corp. (OTC: CSUI ), a fully licensed cannabis cultivation and distribution company in Switzerland, for recreational tobacco products and medical CBD oils. The Company's facilities for producing cannabis are based in Dietikon, Switzerland, and contain the art surveillance equipment to enable an around the clock webcast. Cannabis Suisse grows high quality, organic cannabis with sustainable, all-natural principles. The Company's products are laboratory tested to ensure the end users have access to a standardized, safe and consistent product. Cannabis Suisse proprietary trademarked MoldStandard is a quantitative microbiology method for analyzing yeast and mold counts in harvested cannabis plants. Cannabis Suisse proprietary trademarked CannaMec is a method for quantifying and removing residual solvents during packaging and storage of CBD products. Cannabis Suisse Corp. currently sells via a distribution network of Swiss retailers and online shops, under the retail brand Alpine Cannabis.

 

In today’s podcast we look at a few public and private company announcements.

Meta Growth Corp. (TSXV: META) and High Tide Inc. (CSE: HITI) (OTCQB: HITIFannounced that, at the special meeting of shareholders of META held yesterday, the shareholders of META voted in favour of a special resolution to approve the previously announced proposed business combination pursuant to which High Tide will acquire all of the issued and outstanding common shares of META by way of a plan of arrangement under the Business Corporations Act, as further described in the joint news release issued by META and High Tide on August 21, 2020. The Arrangement required approval by 66 % of the votes cast by META shareholders present in person or represented by proxy at the Meeting.

The Arrangement will create:

       Canada's Largest Cannabis Retailer with $1481 million in Annualized Revenue

       Annual Cost and Operational Synergies of Approximately $8 million to $9 million

       A strong Balance Sheet to Support Growth

 

A total of 102,113,758 META Shares, representing approximately 43.1% of the outstanding META Shares, were represented in person or by proxy at the Meeting. Of the votes cast with respect to the Arrangement, an aggregate of 102,063,111 META Shares were voted in favour of the Arrangement, representing approximately 99.95% of the votes cast on the resolution approving the Arrangement.

 

It is expected that META will apply for a final order from the Court of Queen's Bench of Alberta in respect of the Arrangement on October 28, 2020. Completion of the Arrangement remains subject to receipt of required regulatory and court approvals and other customary closing conditions, which are set out in the arrangement agreement between META and High Tide dated August 20, 2020, a copy of which can be found on the SEDAR profiles of META and High Tide at www.sedar.com. Assuming that the conditions to closing of the Arrangement are satisfied or waived, it is anticipated that the Arrangement will be completed on or before the end of November. Further information about the Arrangement is set forth in the materials prepared by META in respect of the Meeting, which were mailed to META shareholders and filed under META's profile on SEDAR at www.sedar.com.

 

Ikänik Farms, Inc. announced that its wholly owned, CBD-focused subsidiary, Ikänik Life has expanded its action sports family with the addition of snowboarding phenom, Toby Miller.

 

"We are excited to welcome Toby to the Ikänik family and participate in his athletic progression. Toby's love for snowboarding is contagious and his unique approach to competing in the halfpipe makes him a global fan favorite," said Brian Baca, CEO of Ikänik Farms.

 

Toby kicked off his professional career by winning the USASA Nationals title and major sponsors by the age of 13. His career trajectory has continued to over the years, with 2018 being a breakout season for Miller, as he exploded onto the pro scene and made a statement by owning three podiums in major halfpipe competitions. Last season, Toby stole the show at X Games in Aspen, Colorado and won a bronze medal in the men's snowboarding halfpipe event.

 

Toby is focusing on the 2022 Olympic Games in China, with an intense training regimen that is preparing him both mentally and physically to be a leader, in his first of many winter Olympics. He trains with Ikänik Farms board member and US Snowboarding coach JJ Thomas, alongside Shaun White. Toby and Shaun have been riding together since he was 13 years old, and now they will be pushing each other as they each try to earn a spot on the US Olympic halfpipe team this season.

 

"I'm grateful to have partnered up with Ikänik Life CBD to help maintain longevity in the sport I love," said Miller. "Focusing on personal care and training is my top priority."

 

 

China Infrastructure Construction Corp. (OTC:CHNCannounced its merger with Pharmacology University, Inc., a global leader in the field of medical cannabis education that markets its services under the brand Pharmacology University. More to the point, CHNC joining forces with Pharmacology University Inc. and Precision Research Institute has created one of the most complete companies in the cannabis industry. COO Elizabeth Hernandez explains the reasons behind the decision: “While pursuing my dream, I had wanted to unite forces with a company in the Cannabis Industry and that is when I found Pharmacology University. The synergy between the two companies has been superb and we are positioning ourselves to become the high-end authority of the Cannabis Research Industry. Now this journey finally feels complete. Riding this new wave of inspiration, we are deeply committed to produce revenue generating models and building shareholder value.”

 

The merger of CHNC, which is publicly traded on OTC markets under the ticker symbol CHNC, provides the framework for Pharmacology University to expand its focus into cannabis clinical trials and bolstering its education offerings.

 

Founded in 2010, Pharmacology University offers educational products and consulting services in the United States, Puerto Rico, Latin and South America; to train doctors, dispensary owners, growers, lawyers, and other professionals on the palliative and myriad health benefits of cannabis. The company also has partnered with private accredited universities to offer an intensive master's certification program in cannabis science and is now the top international provider of medical cannabis education.

 

In addition to its classroom education, Pharmacology University owns and operates Canna Law Magazine, which is a digital informational piece that provides cultural enrichment to the cannabis entrepreneur. The magazine has biweekly editions and informs the public about the most recent legal cases in the cannabis industry worldwide, also providing strategies by which its readers can avoid finding themselves in legal situations for lack of knowledge. Canna Law Magazine is currently available in English, Spanish, Portuguese, Italian and Arabic, and it is being developed to be published in Chinese and Hindi. To view the magazine, visit www.cannalawmagazine.com.

 

“We want to be pioneers in the search for the truth with actual clinical trials, in regards to how cannabis can be utilized,” says Pharmacology University In-House Legal Counsel, Anne Graham. “Predominantly because the number one problem for people that are set against using cannabis as medicine is simply due to the fact that the cannabis industry has not produced sufficient medical studies,” she says.

 

The global market for medical cannabis (also known as medical marijuana), is expected to reach more than $150 billion annually by 2027, according to a 2019 report by ResearchAndMarkets.com. The anticipated growth is driven in large part by the legalization of cannabis for medical use in Europe, as well as the passage in the U.S. of the Hemp Farming Act of 2018, which legalized hemp, a variety of the Cannabis Sativa species that has less than 0.3% concentration of tetrahydrocannabinol (THC). And although many companies are looking to capitalize on the industry’s projected growth by opening dispensaries, cannabis farms, or manufacturing facilities, Pharmacology University sees limitless opportunities in the education space.

 

Says Dr. Jose Torres, International Medical Director for Pharmacology University, “The endocannabinoid system is represented in every organ and system in the body. That means that at times, we could have deficiencies, just like now and again, our bodies present insufficiencies of minerals and vitamins; accordingly, the human body could also lack endocannabinoids.” Preliminary research indicates that the scarcity of endocannabinoids may be the root of various illnesses, such as epilepsy and even certain types of cancer, he adds. By becoming a pioneer in clinical trials to explore more than 120 cannabis molecules, the newly formed public company aims to equip healthcare professionals and others in the industry with the information and knowledge to help millions of people through the use of cannabis in medical treatments.

 

“We had a vision when we started ten years ago, and 2021 will be our dream becoming a reality,” says Katerin Osuna, International Director of Marketing and Public Relations of Pharmacology University, Magister in Audiovisual Communications and Advertising Content, from the Autónoma University of Barcelona, Spain. “We look forward to being the world leader in cannabis clinical studies.”

 

 

The Mental Health Commission of Canada (MHCC) announced funding 14 community-based research projects that will explore how cannabis use affects underserved populations across the country. Each project will receive funding of up to $100,000 over two years, for a total research investment of $1.4 million.

 

Following the community-based research model, each community under study will lead its own project, participate in every phase of the research, and benefit from positive social change that occurs as a result of the findings.

 

"We are excited to see community-based research projects across Canada that will build capacity and new knowledge, directly benefit communities, and influence public policy," said Dr. Joanna Ochocka, co-director at the Centre for Community Based Research (CCBR). "Collectively, these projects could create stronger, more responsive and supportive communities, especially for those people who lack power or opportunity or who are vulnerable in some way."

 

The projects will address significant gaps in research on cannabis and mental health among Indigenous, Métis, 2SLGBTQ+, senior, immigrant, refugee, ethnocultural, and racialized (IRER) populations, as well as other communities who experience layers of oppression.

One example is the initiative to be undertaken by the Centre for Resilience and Social Development (CRSD). "It's important to examine the link between mental health and cannabis use through social, political and economic lenses," said CRSD project manager Aber Abdulle, who will be looking at how these factors intersect among IRER populations, while striving to bolster community engagement and empower young people.

 

Six of the projects will include initial examinations of cannabis use and mental health in Métis and First Nations communities – some of the first Indigenous-led research of its kind.

"These six projects offer an opportunity for First Nations and Métis to invest in research that honours their own language and culture, the foundation of their world views," said Dr. Carol Hopkins, executive director at the Thunderbird Partnership Foundation. "That's a step in the right direction toward the decolonization of Indigenous knowledges."

 

For Krista Benes, director of the MHCC's mental health and substance use team, this investment marks an exciting step toward more inclusive research. "No one is better equipped to explore the relationship between cannabis and mental health in marginalized communities than the people from those communities. We're all experts in our own right."

 

Quick Facts

       Six of the 14 funded projects are Indigenous-led.

       This research will be the first to examine cannabis use and mental health in Métis communities.

       This research will be among the first Indigenous-led examinations of cannabis use and mental health.

 

Research led by Philippe Lucas, a Graduate Researcher at the University of Victoria and VP Global Patient Research and Access at Tilrayannounced that his research has found that medical cannabis use is associated with self-reported reductions and even discontinuation of alcohol use amongst authorized Canadian patients.

 

The results stem from the Canadian Cannabis Patient Survey 2019 (CCPS 2019), a large national cross-sectional survey that gathered comprehensive information on patient demographics, patterns of cannabis use, and self-reported use of prescription drugs, alcohol, tobacco, and illicit drugs before and after medical cannabis initiation from 2102 Canadian medical cannabis patients registered with Tilray, a global pioneer in medical cannabis research and production.

 

"The results of CCPS 2019 add to a growing body of evidence that medical cannabis use is often associated with reductions in the use of other substances, including alcohol, opioids, tobacco and illicit drugs" says Lucas. "Since alcohol is the most prevalent recreational substance in the world, and its use results in significant rates of criminality, morbidity and mortality, these findings may result in improved health outcomes for medical cannabis patients, as well as overall improvements in public health and safety."

 

These results were recently published in the International Journal of Drug Policy in a paper titled Reductions in alcohol use following medical cannabis initiation: results from a large cross-sectional survey of medical cannabis patients in Canada co-authored by Susan Boyd (University of Victoria), M-J Milloy (University of British Columbia) and Zach Walsh (University of British Columbia, Okanagan).

 

Overall, 973 survey participants reported past or current alcohol use, with 419 (44%) reporting decreases in alcohol usage frequency over 30 days, 323 (34%) decreasing the number of standard drinks they had per week, and 76 (8%) reporting no alcohol use at all in the 30 days prior to the survey. Being younger than 55 years and reporting higher rates of alcohol use prior to initiating medical cannabis use were both associated with greater odds of reducing alcohol use, and having an intention to use medical cannabis to reduce alcohol consumption was associated with significantly greater odds of both reducing and ceasing alcohol use altogether. 

 


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