May 2019 - Page 10 of 12 - CannabisNewsWire

MondayMay 06, 2019 10:59 am

Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) Enters New Licensing Agreement, Strengthens Business Model

Lexaria continues to create a strong, revenue-generating business model to support its growing patent portfolio The company out-licenses disruptive delivery technology, giving licensees access to existing patents Lexaria entered into a new beverage license agreement with a California-based cannabis firm The company recently announced four new appointments to its scientific advisory board Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) is a drug-delivery platform innovator with existing cannabinoid licensing agreements in Canada and the United States, as well as internationally. By out-licensing disruptive delivery technology DehydraTECH, the company has created a strong, revenue-generating business model and a growing patent portfolio. At…

MondayMay 06, 2019 4:20 am

420 with CNW – Las Vegas City Council Votes to Allow Marijuana Lounges

On Wednesday (May 1), the Las Vegas City Council voted 4-1 in favor of a proposed ordinance that would see cannabis consumption lounges licensed to operate within the city. This means that the first consumption lounges could open by the end of this year. Las Vegas becomes the first city in Nevada to pass regulations allowing cannabis consumption venues to open. Carolyn Goodman, the mayor of Las Vegas, abstained from voting due to a possible conflict of interest. She had earlier revealed that one of her family members works in the cannabis industry. According to the ordinance passed, cannabis retailers…

FridayMay 03, 2019 4:20 pm

420 with CNW – 3 Things We Get Wrong When We Look at Cannabis as We Do Alcohol

As more states move to legalize cannabis in the U.S., there is a tendency to think about marijuana in the same light as alcohol, and this sets up people to make a number of mistakes. Below are three things that you are likely to get wrong when you look at cannabis through the same lens as you think about alcohol. Expecting Quick Results from Consuming Marijuana Edibles When you take alcohol, it is fairly easy to know when you are approaching your limit and are now crossing into the realm of intoxication. When some people consume cannabis edibles for the…

FridayMay 03, 2019 12:12 pm

The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Launches Cambium Plant Sciences

SPRWF has remained at the center of the cannabis space since 2014 The company has a licensed producer subsidiary in Ontario Supreme Cannabis recently launched new subsidiary Cambium Plant Sciences Bank of America recently initiated coverage with an initial ‘Buy’ rating The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) is Canada’s only large-scale premium cannabis producer. The company formed its wholly owned 7ACRES subsidiary as the first licensed producer (“LP”) centered on growing high-quality cannabis in high quantities. 7ACRES provides enthusiasts with handcrafted cannabis flower that delivers a premier experience. Headquartered in Toronto, Supreme Cannabis has supply…

FridayMay 03, 2019 11:47 am

Plus Products Inc. (CSE: PLUS) (OTCQB: PLPRF) Rises to Top Position in World’s Most Competitive Cannabis Market

Branded cannabis products grew 637 percent more than non-branded products between 2014 and 2018 Edibles continue to assure investors of stable market prices as compared to concentrates and flower products Plus Products anticipates enormous growth in production capacity as it constructs a large-scale manufacturing plant Leading California edibles manufacturer Plus Products Inc. (CSE: PLUS) (OTCQB: PLPRF) is making moves to dominate the branded cannabis industry through its continued focus on premium products executed with precision and made available to consumers everywhere. The team at Plus Products realizes that the cannabis industry is moving toward branded products and sees brand strategy…

FridayMay 03, 2019 9:32 am

7 Ways Hemp Plastic Could Change the World

Did you know that it takes between 500-1,000 years for plastic to degrade? Plastic pollution is destroying our planet by the minute. In fact, so much plastic is thrown away each year it could circle the earth four times. And these numbers are on the rise. In the United States alone, Americans throw away 35 billion plastic water bottles every year. This plastic ends up in the land and the sea, devastating natural ecosystems. Worse yet, this same plastic pollution ends up in our bodies. It’s estimated that 93 percent of Americans over the age of six test positive for…

FridayMay 03, 2019 4:20 am

420 with CNW – Moosehead Teams up With Sproutly Canada to Produce Cannabis Beverages

Moosehead Breweries Ltd, one of the largest breweries in Canada, has announced that it plans to form a joint venture with Sproutly Canada, Inc. in order to make cannabis-infused drinks. The drinks will be introduced on the Canadian market by the end of this year. Andrew Oland, the CEO of Moosehead Breweries Ltd, said that the company wants to enter the cannabis beverages space as soon as the federal government in Canada releases rules to regulate cannabis edibles in the country. As a leader in the beer industry, Moosehead is convinced that the company is well placed to be a…

ThursdayMay 02, 2019 4:20 pm

420 with CNW – Confident Cannabis Raises $12M for Nationwide Expansion

Confident Cannabis, a cannabis wholesale platform, has raised $12m to bring its total capitalization to more than $18m from their inception. The new funding is intended to enable the company to expand its operations into new territories across the country. The Series A funding round was led by Poseidon Asset Management, a cannabis venture capital fund based in San Francisco. Other entities that invested more funds in Confident Cannabis include Y Combinator, Bullpen Capital, FJLabs as well as Greenfield Global and Base Ventures. Confident Cannabis focuses on empowering all verticals within the cannabis industry so that all players, including cultivators…

ThursdayMay 02, 2019 11:47 am

Sproutly Canada Inc. (OTCQB: SRUTF) (CSE: SPR) (FRA: 38G) to Develop Non-Alcoholic Recreational Cannabis Beverage through Joint Venture

As the anticipated legalization of edible cannabis products approaches in Canada, Sproutly is developing an infused beverage lineup by entering into a joint venture with Canadian beer maker Moosehead Breweries The JV creates a standalone company drawing on Sproutly’s water-soluble Infuz2O technology and Moosehead’s decades of beverage market experience The proprietary Infuz2O technology offers the advantage of a controlled rapid-on/rapid-off effect, similar to recreational cannabis use but without being smoked The cannabis-infused beverage market is expected to generate revenues in the billions by 2024 as consumers seek alternatives to alcohol Sproutly Canada Inc. (OTCQB: SRUTF) (CSE: SPR) (FRA: 38G) will…

ThursdayMay 02, 2019 11:21 am

Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) Execs Sign Three-Year Contract Extensions, Ensuring Management Continuity

LXRP CEO Chris Bunka and President John Docherty have agreed to new, three-year contracts The new contract agreements are designed to provide management security with continuity of key officers The company recently canceled 1,140,000 stock options after negotiations with optionees Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) has successfully negotiated new three-year compensation contracts with key officers Chris Bunka, CEO, and John Docherty, president. The agreements offer LXRP and its shareholders the security of pursuing corporate growth within a seamless transition by providing management continuity. The renewal agreements are retroactive to January 1, 2019 (http://cnw.fm/q3UqT). The agreements offer both officers…