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MondayMay 20, 2019 10:35 am

CannabisNewsBreaks – Global Payout Inc. (GOHE) Develops New Revenue Source in Highly Lucrative CBD Market

Global Payout Inc. (OTC: GOHE) today announced its development of a new, second revenue source derived from the multi-billion-dollar CBD industry. The new source stems from a recently executed Independent Sales Organization ("ISO") agreement entered by the company and its technology partner, GreenBox POS (OTC: GRBX). According to the update, Global Payout will receive revenue directly under the new agreement in addition to revenue it already receives from its wholly owned subsidiary, MTrac Tech Corporation. “We have had our eye on this market for some time and are elated to have this opportunity to establish an entirely new revenue source…

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MondayMay 20, 2019 10:04 am

CannabisNewsBreaks – Golden Developing Solutions Inc. (DVLP) Acquires New CBD Production Facility, Anticipates Explosive Growth

Emerging leader in the cannabis, hemp and cannabidiol (CBD) marketplace Golden Developing Solutions Inc. (OTC: DVLP) this morning announced its finalization of a lease for a new 25,000-square-foot production facility located in Denver, Colorado. According to the update, the facility will act as the primary production base for DVLP’s wholly owned subsidiary, Infusionz LLC, a premium manufacturer of high-quality CBD products. "This new location represents a powerful catalyst for accelerated growth potential," DVLP CEO Stavros Triant said in the news release. "Our CBD Infusionz segment is bursting at the seams right now. Demand already vastly out-strips supply capacity. This new…

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MondayMay 20, 2019 9:40 am

CannabisNewsBreaks – TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) to Acquire Business and Assets of Premier Indoor Cultivator Lyfted Farms

TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) this morning announced its entry into a non-binding letter of intent (“LOI”), dated May 17, 2019, to acquire the business and assets of Lyfted Farms Inc. Based in Modesto, California, Lyfted Farms is a state licensed producer of high quality indoor grown cannabis and owns three permanent state licenses for cultivation (nursery), cultivation (grow) and distribution. “The Proposed Acquisition includes an exceptional brand, with a range of  high-end flower, growing revenues, fifty exotic and unique genetic strains and a team that’s been a staple in the Modesto valley with over two decades of…

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FridayMay 17, 2019 11:30 am

CannabisNewsBreaks – Cannabis Business Summit & Expo 2019 Anticipates Strong Showing of Industry’s Best and Brightest

The Cannabis Business Summit & Expo 2019, hosted by the National Cannabis Industry Association, is set to take place at the San Jose McEnery Convention Center in San Jose, California from July 22 to 24, 2019. For the sixth straight year, the nation’s most influential, award-winning cannabis conference and trade show anticipates a strong showing of upwards of 10,000 attendees, bringing together the industry’s best and brightest minds to provide insight and showcase the latest developments shaping the cannabis space. The can’t miss event is designed for industry innovators as well as those looking for an entry point to network…

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FridayMay 17, 2019 10:57 am

CannabisNewsBreaks – Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) Announces Acquisition of Second Nevada Cultivation Facility

Lifestyle-oriented cannabis company Green Growth Brands (CSE: GGB) (OTCQB: GGBXF) this morning announced the May 16, 2019 completion of its previously announced acquisition of a Pahrump, Nevada cultivation facility, operated by Wellness Orchards of Nevada LLC (“WON”) and Panorama WON LLC (“Panorama”) for a purchase price of $13,372,162 (CAD$16,749,970). Per the update, the acquisition expands GGB's Nevada cultivation footprint to two facilities and positions the company to supply its retail operations and enhance its current cannabis wholesale operations. To view the full press release, visit http://cnw.fm/7UCar About Green Growth Brands Green Growth Brands creates remarkable experiences in cannabis and CBD,…

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FridayMay 17, 2019 10:03 am

CannabisNewsBreaks – The Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF) Announces Q1 2019 Financial and Operational Results

Canadian cannabis cultivation firm The Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF) this morning announced its financial and operational results for the first quarter ended March 31, 2019. Among the highlights, the company reported propagation of an additional four grow rooms and confirmed that construction of the Kelowna 1 purpose-built, indoor cultivation facility is on track for completion in the third quarter of 2019. “Our team in Kelowna is doing a tremendous job balancing our construction schedule, propagating and harvesting from rooms as they come online, and refining our cultivation process as we dial in our facility,” Flowr CEO Vinay Tolia…

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ThursdayMay 16, 2019 11:30 am

CannabisNewsBreaks – Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Enters Agreement to Acquire Blissco Cannabis Corp. (CSE: BLIS) (OTCQB: HSTRF) (FRA: GQ4B)

Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) this morning announced its entry into a definitive arrangement agreement with Blissco Cannabis Corp. (CSE: BLIS) (OTCQB: HSTRF) (FRA: GQ4B). Under the agreement, Supreme Cannabis will acquire all of the issued and outstanding common shares of Blissco, not already owned by Supreme Cannabis, by way of a court-approved plan of arrangement under the Business Corporations Act (British Columbia). The arrangement is an all-stock transaction with a total value of approximately C$48 million. “Blissco has built a distinct and authentic premium wellness brand. Through our strategic partnership and prior investment in the…

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ThursdayMay 16, 2019 10:16 am

CannabisNewsBreaks – TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) Enters LOI to Acquire SolDaze Cannabis Snack Line

TransCanna Holdings (CSE: TCAN) (FSE: TH8) this morning announced its entry into a non-binding Letter of Intent (“LOI”), dated May 15, 2019, with Tres Ojos Naturals, LLC d/b/a SolDaze, a limited liability company from Santa Cruz, California that produces cannabis-infused fruit snacks. Under the agreement, TransCanna will acquire the branding asset package, SolDaze. “Having reviewed over 100 branded products in California, we’ve been extremely selective in our acquisition vetting process,” TransCanna CEO Jim Pakulis said in the news release. “Our three mandatory acquisition criteria include SKU velocity, upward trending revenues, and products that differentiate themselves in the marketplace.  The snack…

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WednesdayMay 15, 2019 11:37 am

CannabisNewsBreaks – Canopy Rivers Inc. (TSX.V: RIV) (OTC: CNPOF) Makes Strategic and First AgTech Investment in BioLumic

Canopy Rivers (TSX.V: RIV) (OTC: CNPOF) today announced a strategic investment in BioLumic Ltd., creators of a sustainable ultraviolet (“UV”) crop yield enhancement system. Canopy Rivers' investment of $1.5 million marked its first investment in agri-technologies, specifically focused on the promising fields of plant physiology and UV photobiology. “Canopy Rivers' mission is to build and support a thriving global cannabis economy, and we are dedicated to identifying and investing in strategic technology players throughout the legal cannabis value chain,” Canopy Rivers Director, Business Development Mary Dimou said in the news release. “Led by an exceptional management team, BioLumic's groundbreaking, proprietary…

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WednesdayMay 15, 2019 11:25 am

CannabisNewsBreaks – Lexaria Bioscience Corp.’s (CSE: LXX) (OTCQX: LXRP) DehydraTECH Outperforms Conventional Industry Formulations in Animal Testing

Biotechnology company and drug delivery platform innovator Lexaria Bioscience (CSE: LXX) (OTCQX: LXRP) this morning announced that animal testing has proven that its DehydraTECH(TM) technology delivers cannabinoids to the bloodstream much more quickly and effectively than conventional industry formulations. According to the update, 10 male Sprague-Dawley rats were administered CBD at 25mg per kg of bodyweight in each arm of the Lexaria animal studies. Delivery of CBD into the bloodstream was monitored over a 60-minute duration and, at two minutes, 15 minutes, and 60 minutes, DehydraTECH's LCFA formulation delivered elevated levels of CBD in blood (showing measurable and 475% and…

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