September 2018 - Page 3 of 8 - CannabisNewsWire

FridaySep 21, 2018 1:21 pm

Tilray, Inc.’s (NASDAQ: TLRY) Status as Global Pioneer in Cannabis Production, Distribution Reinforced by Earnings, Growth

First medical cannabis producer in North America to meet rigorous standards of GMP certification, supplying cannabis flower and extracts Canadian federally-licensed cannabis cultivator, processor and distributor Q2 2018 revenue increased to $9.7 million, up 95.2 percent over second quarter of 2017 Multinational distribution network makes Tilray medical cannabis available to patients in 11 countries on five continents Raised $163.6 million in a successful IPO in July 2018 and $55 million from leading institutional investors prior to IPO Agreements signed to supply medical cannabis via Canadian pharmacies and recreational cannabis to adult-use consumers in seven Canadian provinces and territories Received U.S.…

FridaySep 21, 2018 12:49 pm

ChineseInvestors.com, Inc. (CIIX) Expands North American Footprint for Chinese-Language News, CBD Product Market

ChineseInvestors.com sees astounding 28,859 percent revenue growth in CBD product brands Company tapping into economic potential of huge ethnic Chinese population in China and North America Company delivers education and analysis in Chinese on all aspects of cryptocurrency production and trade A financial information company dedicated to empowering Chinese-speaking investors and building on the market potential of cannabis-infused health and wellness products is announcing the expansion of its footprint in North America with the opening of offices in eastern Canada. ChineseInvestors.com, Inc. (OTCQB: CIIX) issued a news release on September 17 stating that it now has a sales and support…

FridaySep 21, 2018 11:26 am

Earth Science Tech, Inc. (ETST) Sees Uplisting to OTCQB Venture Market as Key to Goal of being Global Leader in Cannabinoid Market

Biotech company is focused on becoming a worldwide leader in R&D and sale of hemp-derived, CBD-based nutraceuticals, pharmaceuticals and dietary supplements ETST is developing three new CBD formulas in Canada under a provisory patent; it is also clinical testing its Hygee medical device for detecting sexually transmitted diseases in women With its Form 10 Registration Statement filing now effective, ETST will begin reporting annual, quarterly and periodic financial statements Earth Science Tech, Inc. (OTCQB: ETST) anticipates that its uplisting to the OTCQB Venture Market will enable it to reach global recognition and increase liquidity as a leader in the hemp-based…

FridaySep 21, 2018 11:23 am

Will Canopy Growth’s Spin-Off Canopy Rivers Be A Powerful Growth Engine?

Canopy Growth will reduce exposure to dilution and debt with the investment model of the new company. The business model of Canopy Rivers has one major flaw. The way Canopy Rivers must be analyzed in order to understand its growth potential. Canopy Growth (NYSE: CGC) is near to spinning off its new financial investment company called Canopy Rivers into a publicly traded firm, which will pursue investment opportunities in the growing cannabis sector. With a business model that has done extremely well for companies in other markets, if it is able to successfully leverage the model, Canopy Rivers has the…

FridaySep 21, 2018 4:20 am

420 with CNW – Drama Characterizes Passing of Cannabis Bill by Congressional Committee

The Medical Cannabis Research Act was finally passed by the House Judiciary Committee of Congress. This was the first time in 50 years that a Republican-dominated congressional committee has passed any legal cannabis reform legislation. Republic Mathew Gaetz and 40 other cosponsors set the momentum rolling for the Thursday vote, which paved the way for additional facilities to get licenses to grow research-grade cannabis. Congressman Matt Gaetz said that the U.S. had for too long been trapped in a catch-22 situation in which cannabis laws couldn’t be revised due to the absence of sufficient scientific research, yet that needed research could…

ThursdaySep 20, 2018 4:20 pm

420 with CNW – Ottawa Police Department Rejects Cannabis Roadside Test Kits

The police department in Ottawa, Canada, has rejected the roadside test kits which the federal government approved for catching drivers who are impaired by the consumption of marijuana. DrugTest 5000, already in use in several states across the U.S., was introduced in Canada ahead of the October 17 date when recreational cannabis will be available across the country. The Ottawa P.D. cites a number of reasons for its stance. First, the police say that the DrugTest 5000 kits are very expensive. Each unit reportedly costs $6,000. The regulations in place require the police to conduct a cannabis test as soon…

ThursdaySep 20, 2018 12:00 pm

Youngevity International, Inc. (NASDAQ: YGYI) Coffee Business Takes to the High Seas, Boosts Profits

Two-year contract brings company’s CLR Roasters coffee brand to patrons, crews of international cruise line YGYI CEO appointed to board of directors of Direct Selling Association, a national trade organization representing direct selling industry Q1 2018 revenues rose by 11 percent over Q1 2017 at $43 million, with gross profits increasing to $25 million YGYI enters $7.7 billion cannabis market with HempFX product line Leading omni-direct lifestyle company Youngevity International, Inc. (NASDAQ: YGYI) is making enviable strides among several sectors of the direct selling industry as it expands its brands and offerings in multiple markets. Among the latest highlights is…

ThursdaySep 20, 2018 10:58 am

Phivida Holdings Inc. (CSE: VIDA) (OTCQX: PHVAF) Launches Mass Market Hemp-Infused Beverages and Supplements

“Oki” product line includes iced teas and flavored water Nutritional supplements to be sold as capsules and tinctures Hemp extract market projected to reach $2.1 billion by 2020, according to company officials Phivida Holdings Inc. (CSE: VIDA) (OTCQX: PHVAF), a food and beverage company that produces hemp-infused products, has announced the launch of a new line of drinks and supplements featuring hemp extracts into the mainstream market. According to a company press release (http://cnw.fm/UmR4p), the Oki line of products, which includes food supplements and flavored functional beverages containing active hemp extracts, is to be available in up to 2,400 retail…

ThursdaySep 20, 2018 10:23 am

Research Firm SeeThruEquity Begins Coverage of Hydroponics Supply Provider Sugarmade, Inc. (SGMD)

Investment analysts recommend a share price of $0.30, more than double last week’s rate Sugarmade poised to supply equipment to burgeoning numbers of cannabis cultivators Company has expanded into the European market Independent research firm SeeThruEquity has commenced coverage of Sugarmade, Inc. (OTC: SGMD), a hydroponics supply company. In its initial report, SeeThruEquity (http://cnw.fm/rFRn3) noted, “Sugarmade appears well-positioned to target the large and growing opportunity to supply hydroponics equipment and supplies to the cannabis cultivation market in the United States through its master marketing agreement with BizRight.” In the report, SeeThruEquity recommends a target share price of $0.30 for Sugarmade, which is…

ThursdaySep 20, 2018 4:20 am

420 with CNW – Washington D.C. Sees Spike of Synthetic Marijuana Overdoses

It seems the synthetic marijuana overdoses that had the authorities in Washington, D.C worried in July have resurfaced after a lull. In one 24-hour period alone, first responders were called to assist dozens of people who exhibited severe signs of distress from K2 or Spice, a known synthetic form of cannabis. Even more distressing is the fact that students witnessed some of the victims being helped on the street as the students were strolling about during their break. This was near Mundo Verde Bilingual Public School. The authorities responded by imposing restrictions on how far students could go during their…