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EnterpriseCannabis

Cannabis Global is worth taking a closer look

After changing its name from MCTC Holdings, the company is now set for a move forward.

•• 3 Min
Cannabis Global is worth taking a closer look

One company that has been overlooked by the market in recent moves - it seems to us - is Cannabis Global, Inc. (OTCMKTS: CBGL), a leader in cannabinoid products that recently underwent a name and ticker change ( formerly MCTC Holdings - MCTC). CBGL has been piling up catalysts recently and it is worth taking a closer look, especially after the company just announced the repayment and retirement of several convertibles along with "other positive debt restructurings". In short, this is a positive adjustment to the overall cap structure, taking into account dilution risk, including the repayment of three convertible bonds with a total face value of $ 178,500. The move also included a binding agreement with an institutional investor to fund the repayment of an additional $ 63,000 note. According to the company's announcement, these measures, which prevented debt-to-equity conversion, are in addition to the May 2020 corporate action that removed convertible bonds worth $ 133,101 from the balance sheet and converts short-term bonds worth 500,000 $ into a long-term, five-year, interest-free bond with monthly installments. The company believes these debt payments and reorganizations will have a material positive impact on the company's balance sheet for the fiscal year ended August 31, 2020 and will minimize the risk of dilution for shareholders. In other words, in addition to the name and ticker change, the company has worked hard to make its structure increasingly investor-friendly. All of this characterizes a company that is ready to make any changes necessary to maintain a positive and productive relationship with the capital markets. Good investments generally start with this disposition. "The funds we raised from convertibles earlier this year have been wisely used to fuel the development of what we believe to be the most robust set of cannabinoid infusion technologies available," commented Arman Tabatabaei, CEO of Cannabis Global. "As a result, we have registered six provisional patents, developed several new technologies that we classify as trade secrets, and developed several new products based on our intellectual property achievements. Since most of these bonds are paid in full and one final With an agreement to pay in full another maturing bond, we are well positioned not only to continue our R&D programs, but also to bring to market the highly innovative products that have been developed based on our internally developed intellectual property - without conversion - repaid three of these bonds and have made an agreement to repay the fourth by August 18th. This is also a company that has some very big goals that have so far been implemented with success. This is an R&D heavy game in the cannabinoids field. Cannabis Global, Inc. (OTCMKTS: CBGL) has several recent developments that could give an idea of ​​the extent of the vision at play here. First up, we'd like to draw your attention to the company's recent announcement for a CBD-based product that can be mixed with popular beverage mixers to create alcohol-free cocktails that still produce a slight hum. If this catches on, you can imagine the scale of the implications for shareholders. "Due to the ultra-low quantities of the hemp extracts used, we believe that with this product we are setting a new standard for product safety and satisfaction in the hemp food and beverage category," commented Arman Tabatabaei, CEO of Cannabis Global. "While our Hemp You Can Feel ™ beverages have probably the lowest hemp extract levels in the industry, we believe we offer a far better beneficial effect to use. We invite all consumers and participants in the alcohol industry to try what we think we are consider first viable alternative to alcoholic beverages.

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