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Ultimate Sports Inc's Mens RX Online Medical Clinic provides licensed physicians to diagnose and treat male health and wellness issues using a new standard of care for men that simply don't have the time or want to avoid the potential embarrassment of sitting in a men's ED clinic waiting for diagnosis and treatment.

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Colombian cannabis company Sannabis makes U.S. debut with essential oil shipment, navigating regulatory hurdles while exploring industry potential and partnerships

Colombian Company Ships First Ever Batch Of Cannabis Essential Oil To Boston

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Sannabis S.A.S., a licensed Colombian cannabis company being acquired by Ultimate Sports, Inc. (OTCPK:USPS), a men’s health services provider in the U.S., entered into an agreement with Human Fine, an established IPS (institutional service provider) in Colombia.

Cannabis Company Sannabis Partners With Occupational Health Services Provider In Colombia

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Ultimate Sports, Inc. (OTCPK:USPS) entered into negotiations to acquire Sannabis S.A.S., a Colombian cannabis company. Sannabis, and affiliated companies, hold all four cannabis licenses: seed use, THC-cultivation, non-THC (hemp)-cultivation, and fabrication/export. Ultimate Sports, Inc. will acquire Sannabis S.A.S.

Ultimate Sports Enters Negotiations To Acquire A Licensed Cannabis Producer In Colombia

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Sannabis, Inc. (OTC: USPS) Posts Annual Disclosures on OTC Markets Group to Become Pink Current and Launches Large-Scale Cannabis Grow Operations in Colombia, Ahead of Introduction of a Marijuana Legalization Bill in the U.S. Senate

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Sannabis, Inc. (OTC: USPS) Unveils Innovative NO LICK! Terpene Spray for Cannabis Products to Enhance CBD and THC to Achieve the Entourage Effect

Sannabis, Inc. (OTC: USPS) Announces First Shipment of Cannabis Essential Oil from Colombia to U.S. to Fill First Order, as the DEA Re-Classifies Marijuana from Schedule I to Schedule III

Re-Classification of Marijuana Sends Shares of Cannabis Operator on a Tear

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Sannabis, Inc. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/USPS#OTC">USPS</a>) a <a href="https://www.benzinga.com/topic/colombia-cannabis">Colombian </a>cannabis company, is celebrating its <a href="https://www.globenewswire.com/news-release/2024/05/02/2874208/0/en/Sannabis-Inc-OTC-USPS-Announces-First-Shipment-of-Cannabis-Essential-Oil-from-Colombia-to-U-S-to-Fill-First-Order-as-the-DEA-Re-Classifies-Marijuana-from-Schedule-I-to-Schedule-III.html">first shipment </a>of Cannabis Essential Oil to the United States. The product &nbsp;NO LICK! Terpene Spray will be available first in Boston retail stores. This milestone comes on the heels of the DEA&#8217;s decision to reclassify marijuana from Schedule I to Schedule III.



<h2 class="wp-block-heading">Colombia Makes Its Mark</h2>



Sannabis, which operates fully licensed cannabis operations in Colombia, is using this shipment to distribute a spray that aims to enhance the cannabis experience. The company has secured the necessary documentation to ship through DHL and other global carriers. This achievement highlights the company&#8217;s commitment to bringing innovative cannabis products to the U.S. market.



<h2 class="wp-block-heading">U.S. Food and Beverage Companies Show Interest</h2>



The company&#8217;s pure essential oil is also garnering attention from <a href="https://www.benzinga.com/markets/cannabis/24/05/38566712/are-hemp-thc-beverages-competing-with-alcohol-experts-discuss-new-alternatives-for-adult-beverag">U.S. food and beverage companies </a>seeking to incorporate cannabis terpene aroma, flavoring, and therapeutic benefits into their products without violating federal marijuana laws. Samples of the oil are being sent to interested companies.



<h2 class="wp-block-heading">Role Of Terpenes</h2>



Terpenes, aromatic compounds found in cannabis are thought to enhance the effects of cannabinoids such as THC and CBD through the &#8220;Entourage Effect.&#8221; These compounds are gaining recognition for their therapeutic benefits, with EEG scans showing that CBD products are more effective for relaxation when combined with terpenes.



<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"><div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="What are Terpenes? &#x7C; Benzinga Cannabis Insider" width="500" height="281" src="https://www.youtube.com/embed/Tws1EcYkE38?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div></figure>



Cannabis Insider Episode on Terpenes



<h2 class="wp-block-heading">Struggles In The U.S. Market</h2>



While Sannabis is celebrating its first U.S. shipment, <a href="https://www.benzinga.com/markets/cannabis/24/04/38526833/clever-leaves-cannabis-company-exits-nasdaq-amid-financial-strains-stock-plunges-60-investors-im">other Colombian cannabis operators have been facing challenges in the U.S. market</a>. Once a cannabis pioneer, Clever Leaves Holdings Inc. (CLVR) has recently announced its plan to voluntarily delist from NASDAQ and deregister its securities. This financial move, approved by the company&#8217;s Board of Directors, is part of a broader restructuring plan.



If you want to better understand the global cannabis market, join us at the Benzinga Cannabis Capital Conference&nbsp;this October in Chicago. Hear&nbsp;directly from key industry players and policymakers and ask them your questions.&nbsp;&nbsp;Get&nbsp;your tickets now by following&nbsp;<a href="https://www.eventbrite.com/e/benzinga-capital-conference-cannabis-fall-2024-tickets-858948065787?aff=oddtdtcreator" target="_blank" rel="noreferrer noopener">this&nbsp;link</a>,&nbsp;and access a 20% discount using the code JAVI20.



<h2 class="wp-block-heading">Colombian Advantage In Cannabis Production</h2>



With low-cost production, potential exports and a well stablished regulatory framework, Sannabis stresses the <a href="https://www.benzinga.com/general/biotech/24/02/37105071/can-cannabis-treat-severe-forms-of-epilepsy-new-medicine-sparks-hope-as-colombias-weed-industry-g">advantages of Colombian production </a>with sound arguments, recent developments in the land of great coffee and cannabis.



The industry has faced recent legislative setbacks as the Colombian Congress shelved a bill aimed at regulating the adult use and commercialization of cannabis. President Gustavo Petro criticized the Senate&#8217;s decision to stop the legalization measure, arguing it benefitted the illegal drug trade and violence.

Sannabis S.A.S., a licensed Colombian cannabis company being acquired by Ultimate Sports, Inc. (OTCPK:USPS), a men&rsquo;s health services provider in the U.S., entered into an agreement with Human Fine, an established IPS (institutional service provider) in Colombia. Human Fine provides occupational health services to over a dozen major corporations with hundreds of employees in Colombia and is expanding.

Human Fine will prescribe Sannabis&rsquo; CBD Magistral Formula at their Health Clinics and hospitals where they meet the occupational health needs for thousands of employees of their client companies. They also have an agreement with hotels that can act as hospitals to bring in patients from abroad.

Sannabis is one of a few companies in Colombia with a Magistral Formula for a cannabis medicine that can be prescribed by physicians and Health Clinics. This formula was developed for Sannabis by Clever Leaves (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLVR#NASDAQ">CLVR</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLVRW#NASDAQ">CLVRW</a>), and is fabricated by LABFARVE.

&ldquo;We&rsquo;re very excited to enter the next chapter of cannabis legalization in Colombia and are proud The Sannabis Wellness Center will be the model to be used for other centers dispensing medical and adult use cannabis responsibly throughout Colombia,&rdquo; stated Juan Pablo Guzm&aacute;n and John Campo, co-founders of Sannabis.

Sannabis, and affiliated companies, hold all four cannabis licenses: Seed use, THC-cultivation, Non-THC (hemp)-cultivation, and fabrication/export.

Ultimate Sports, Inc. will acquire Sannabis S.A.S. and initiate a name change at closing, becoming the only Colombian controlled cannabis company trading in the U.S.

Ultimate Sports, Inc. will continue developing their men&rsquo;s health services business and incorporate Sannabis products for men&rsquo;s wellness.

Photo: Benzinga; Sources: courtesy of jarmoluk and lindsayfox via Pixabay

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<a href="https://www.benzinga.com/markets/cannabis/22/06/27826375/ultimate-sports-enters-negotiations-to-acquire-a-licensed-cannabis-producer-in-colombia" target="_blank">Ultimate Sports Enters Negotiations To Acquire A Licensed Cannabis Producer In Colombia</a>

Ultimate Sports, Inc. (OTCPK:USPS) entered into negotiations to acquire Sannabis S.A.S., a Colombian cannabis company. Sannabis, and affiliated companies, hold all four cannabis licenses: seed use, THC-cultivation, non-THC (hemp)-cultivation, and fabrication/export. Ultimate Sports, Inc. will acquire Sannabis S.A.S. and initiate a name change at closing.

View Systems, Inc. (OTCEM:VSYM), developer of the ViewScan Concealed Weapons Detector, and Sannabis have an effective memorandum of understanding in place for VSYM to acquire Sannabis. View Systems has decided that its interest in Sannabis is better placed in a stake in USPS, which will acquire Sannabis.

Final terms have not been decided and will be announced later.

View Systems, Inc. is in the process of finalizing their 2020 and 2021 audit reviews to become current with their SEC filings with more disclosures.

Sannabis is manufacturing products and hired a marketing company to begin an aggressive sales campaign in Colombia. While they get their cultivation and fabrication facilities built out, they purchase raw materials from a reputable licensed supplier and use third party laboratories.

Sannabis doctors are on call for telemedicine or in-office visits. The Sannabis Wellness Centers offer the only legal means to obtain raw cannabis in Colombia, where there are no dispensaries. They will be franchising out their business model in all cities in Colombia to give responsible medical cannabis users a safe place to learn to grow and store a traceable plant. The Sannabis Wellness Center offers a 4-session course that certifies the grower and issues them a Sannabis Grower Card. Several municipalities are in favor of this business model to reduce crime and not feed the black market.

Ultimate Sports, Inc. will continue developing their Men&rsquo;s Health Services business and incorporate Sannabis products for Men&rsquo;s Wellness.

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