Chris@CNW, Author at CannabisNewsWire

MondayAug 28, 2017 4:00 pm

Algae Dynamics Corp. (ADYNF) Positioned to Benefit as Market Survey Highlights Consumer Preference for CBD

Survey respondents use CBD to treat anxiety, depression, insomnia and joint pain ADYNF is researching impact of cannabidiol products in treatment of mental health issues and cancers 61% of consumers surveyed said they are spending greater than $50 monthly on CBD products Algae Dynamics Corp. (OTCQB: ADYNF) could be among the chief beneficiaries of a recent survey that found that 42% of respondents chose cannabidiol (CBD), derived from hemp or marijuana, and dropped traditional medicines (http://nnw.fm/6Qu2c). In addition, an "Understanding Cannabidiol" survey of some 2,400 members of HelloMD, an online CBD community, and market research firm Brightfield Group jointly found…

MondayAug 28, 2017 3:04 pm

ChineseInvestors.com, Inc. (CIIX) Seeks To Become Bitcoin Information Leader for the Global Chinese-Speaking Community

Formally announces subscription service Chinesefn.com, offering real-time reporting on digital currency news Published report analyzes jump in bitcoin valuation and its larger role in legalized marijuana markets CIIX targets China, which has an estimated 85% share of the bitcoin market ChineseInvestors.com, Inc. (OTCQB: CIIX), along with other companies in the cannabidiol (CBD) and legalized cannabis industries, are increasingly relying on bitcoin cryptocurrency for transactions. Not only has the value of bitcoin skyrocketed to greater than $4,000 in the past year, it solves the problem of transactions in this largely unbankable market. In a July press release, the company formally announced…

MondayAug 28, 2017 1:45 pm

SinglePoint, Inc. (SING) Issues Update on Its Acquisitions and Initiatives

SinglePoint recently completed acquisitions of Convectium and DIGS Hydro The company offers an online payment solution through a partnership with First Bitcoin Capital Online payments and marketing services are available through SingleSeed.com SinglePoint, Inc. (OTC: SING) revealed in a July 18, 2017, audio press release that it is now working with a cryptocurrency expert to lead an initiative to develop a payment solution designed for high risk customers. The company has grown from a full service mobile tech provider to a publicly traded holding company serving the cannabis market. Thanks to a joint venture with First Bitcoin Capital Corp., according…

MondayAug 28, 2017 1:09 pm

SEC Issues Temporary Suspension in Trading Shares of First Bitcoin Capital (BITCF)

The Securities and Exchange Commission has issued a temporary trading suspension of First Bitcoin Capital Corp. (OTC: BITCF) shares because of concerns about the accuracy and adequacy of public information on the Canadian company. The order took effect at 9:30 a.m. EDT last Thursday and terminates at 11:59 a.m. on September 7, 2017. The SEC cited concerns about the company, including the value of BITCF’s assets and its capital structure, in a news release accompanying the suspension order. Shares of First Bitcoin Capital are traded over-the-counter and were last trading at $1.79 per share, according to Bloomberg. Shares had risen…

FridayAug 25, 2017 1:47 pm

Does Marijuana’s Move to Mainstream Status Mean Shedding its Counterculture Reputation?

Not that many years ago, if marijuana was discussed in mixed company, it was only talked about in hushed tones, coupled with furtive glances. The “devil’s lettuce” had its fans, of course, but for most folks the topic conjured up images of Hollywood movies characterizing users as stoners who did nothing but smoke weed 24/7 and get in lots of trouble. Fast forward to 2017. Not only is marijuana, or cannabis, discussed around the dinner table in many homes, it’s a topic for investors and in boardrooms as it gains traction as a viable business venture. No fewer than 29…

FridayAug 25, 2017 9:23 am

Lexaria Bioscience Corp. (CSE: LXX) (OTCQB: LXRP) Continues to Deliver Results with its Patented Technology

19 patent applications filed in the United States and internationally (under the Patent Cooperation Treaty), with national filings in 44 countries Collaborative research and development agreement with Canada’s National Research Council to investigate opportunities associated with bioavailability enhancement of certain compounds, including those in cannabinoids, vitamins, NSAIDs and nicotine Out-licenses its patented technology to third party partners, with several deals signed or pending When Lexaria Bioscience Corp. (CSE: LXX) (OTCQB: LXRP) researchers tackled the issue facing consumers of edible cannabinoids – poor absorption of the product’s bioactive compounds by the body’s gastrointestinal tract – an important statement led the way:…

ThursdayAug 24, 2017 3:22 pm

ABcann Global Corp. (TSX.V: ABCN) (OTCQB: ABCCF) Licensed to Grow Cannabis by Feds in Canada

An early mover in the Canadian cannabis space Serving Canada’s most populous province New funding deal signed for $15 million at $2.25 per share As befits its status as a first mover in the Canadian cannabis space, ABcann Global Corp. (TSX.V: ABCN) (OTCQB: ABCCF) is racing ahead with plans to supply the medical marijuana needs of Canada’s most populous province. Construction plans at its Kimmett facility in the third quarter of 2017 remain on schedule, and the previously announced plans for a 71,000 square foot phase 1 project have been expanded to 100,000 square feet. The company recently signed a…

ThursdayAug 24, 2017 11:59 am

SinglePoint (SING) Featured in Article Outlining Explosive Growth of Legal Cannabis Industry in North America

SinglePoint positioned for success in the cannabis market through its rapidly expanding portfolio of holdings positions Company reduces risk of changing state and federal laws by not touching the plant, but instead focusing on tools and services for the cannabis industry Proprietary bitcoin payment solution in development Specialized holding company SinglePoint, Inc. (OTC: SING) was featured prominently in a recent article (http://nnw.fm/gK79q) detailing the rapid growth in the North American legal marijuana market. The article explains how several companies, including SinglePoint, are taking advantage of this new market space. Experts are predicting a 25 percent compound annual growth rate for…

TuesdayAug 08, 2017 9:00 am

Absent Federal Banking Support, Cannabis Market Shows Growing Interest in Proprietary Bitcoin Payment Solutions

CannabisNewsWire Editorial Coverage: The legal marijuana industry continues its impressive growth, despite the inability to access a wide range of banking solutions, given that cannabis is still classified as a Schedule I substance by the Federal government. Similarly, bitcoin is a booming market, recently hitting an all-time high of $3,0001 per unit. These two fast-growing markets are already working together, providing investors with significant and diversified opportunities. Several companies, such as SinglePoint, Inc. (SING), First Bitcoin Capital Corp. (BITCF), Epazz, Inc. (EPAZ) and Bitcoin Services, Inc. (BTSC), are focused on innovative bitcoin-based payment solutions to benefit the legal marijuana industry…

MondayAug 07, 2017 1:56 pm

Moleculin Biotech (NASDAQ: MBRX) to Begin Preparing Clinical Testing Sites for Leukemia Treatment

NASDAQ Biotechnology Index up and climbing Developing new treatment for acute myeloid leukemia (AML) Lead candidate, Annamycin, now at phase II Since a rising sea lifts all boats, it’s decidedly good news for Moleculin Biotech, Inc. (NASDAQ: MBRX) that the NASDAQ Biotechnology Index (NBI) is enjoying a spring tide. The index has offered a year-to-date return of over 17 percent and seems set to keep climbing. This benign environment gives Moleculin an opportunity to advance work on its leading anti-cancer drug candidates. The company has begun to identify and prepare testing sites in Europe and has already appointed a Lead…

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Author: Chris@CNW