News Archives - Page 116 of 303

TuesdayMar 03, 2020 11:00 am

CannabisNewsBreaks – Wildflower Brands Inc. (CSE: SUN) (OTCQB: WLDFF) Reports Revenues of $5.5M for Quarter Ended December 31, 2019

Wildflower Brands (CSE: SUN) (OTCQB: WLDFF) this morning reported financial results for the second quarter ended December 31, 2019, including $5,514,502 in revenues for the quarter, representing a substantial increase from $1,410,135 during the same period of the previous year. Per the update, revenues were projected to be down as a result of the sudden drop in vape sales and the close of the company’s Robson store to move to its newly renovated, licensed, 2,800-square-foot facility at Robson and Granville. To view the full press release, visit http://cnw.fm/USq4l About Wildflower Brands Wildflower Brands is a Vancouver-based pioneer in the cannabis…

TuesdayMar 03, 2020 10:49 am

CannabisNewsBreaks – Cannabis Strategic Ventures, Inc. (NUGS) Announces 91% Sequential Growth to $1.35 Million and Significant Financial Improvements

Cannabis Strategic Ventures (OTCQB: NUGS), an emerging leader in the U.S. and California cannabis marketplaces, today announced robust growth and significant financial improvements for the most recently completed financial period ending Dec. 31, 2019. Cannabis Strategic Ventures reported revenue of $1.35 million for the quarter ending Dec. 31, representing approximately 91% sequential growth compared to the previous quarter. According to the update, gross margins grew meaningfully while operating efficiencies significantly improved. “We’re excited to see consistent revenue growth,” Simon Yu, CEO of the Company, said in the news release. “In this highly regulated environment, it takes time to scale production. …

MondayMar 02, 2020 10:32 am

CannabisNewsBreaks – Canopy Rivers Inc.’s (TSX: RIV) (OTC: CNPOF) PharmHouse Receives Health Canada License Amendment for Cultivation Across Entire Greenhouse

Canopy Rivers (TSX: RIV) (OTC: CNPOF), a venture capital firm specializing in cannabis, today announced that its 49%-owned joint venture in Leamington, Ontario, PharmHouse Inc., received a license amendment from Health Canada allowing for cultivation across its entire greenhouse, which is now fully operational. According to the update, PharmHouse plans immediate ramp up in production in accordance with its offtake agreements with Canopy Growth Corporation and TerrAscend Canada Inc. Under these agreements, PharmHouse has committed 50% of its 2020 output and currently expects to use the remaining 50% of its capacity for both additional offtake agreements and its own private…

MondayMar 02, 2020 9:49 am

CannabisNewsBreaks – VIVO Cannabis Inc. (TSX: VIVO) (OTCQX: VVCIF) Chair, Paul Lucas, Recipient of Life Sciences Ontario’s Lifetime Achievement Award

VIVO Cannabis (TSX: VIVO) (OTCQX: VVCIF) today announced that its chair of its board of directors, Paul Lucas, is the receipt of the 2020 Lifetime Achievement Award from Life Sciences Ontario. The award recognizes Lucas' exceptional leadership and contributions to the development of the life sciences sector in Canada, his commitment to the community and his passion for improving the quality of life for Canadians. "We are proud and honoured to have the benefit of Paul's knowledge and expertise as we continue to grow VIVO's business," VIVO CEO Barry Fishman said in the news release. "Paul's career is marked by…

ThursdayFeb 27, 2020 2:07 pm

CannabisNewsBreaks – Green Hygienics Holdings Inc. (GRYN) Appoints New Members to Executive Management Team, Advisory Board

Green Hygienics Holdings (OTCQB: GRYN), an innovative, premium-cannabis cultivation and branding enterprise, recently announced the appointment of three professionals to its management team and advisory board. Per the news release, the company named Kyle MacKinnon as Chief Operating Officer, Todd Mueller as Chief Financial Officer, and David Racz as a new member of the company’s advisory board. The appointments will play a key role in supporting the company's strategy to improve its position as a leader in the North American hemp industry. “Quality people build a quality company and our business model includes ensuring our team is vested. Each of…

ThursdayFeb 27, 2020 1:07 pm

CannabisNewsBreaks – WeedMD Inc.’s (TSX.V: WMD) (OTCQX: WDDMF) (FSE: 4WE) Starseed is Preferred Medical Cannabis Supplier to Insulators Local 95 Health & Welfare Trust Fund

WeedMD (TSX-V: WMD) (OTCQX: WDDMF) (FSE: 4WE), a federally-licensed producer and distributor of medical-grade cannabis, on Wednesday announced that its subsidiary, Starseed Medicinal Inc., is now the preferred medical cannabis supplier to the Insulators Local 95 Health & Welfare Trust Fund. According to the update, the agreement provides union members and their dependents access to medical cannabis as an insured benefit with no out-of-pocket costs or co-pays. “Starseed’s unique and proprietary program is rapidly becoming the platform of choice for benefits providers, insurers and their members looking to seamlessly add medical cannabis in a responsible way,” WeedMD CEO Angelo Tsebelis…

ThursdayFeb 27, 2020 9:32 am

CannabisNewsBreaks – GP Solutions, Inc. (GWPD) Offers Safe Alternative to Traditional Potting Soils

GP Solutions (OTC: GWPD), the developer of “GrowPods” – controlled environment automated micro-farms, on Wednesday announced that its signature growth medium, Prolific, is an excellent substitute to other regularly used potting soils. Following the recent untimely death of an avid gardener who was diagnosed with Legionnaires' disease after encountering contaminated soil, the safety of potting soils has been examined. According to recent article on CNN.com, potting mix is known to carry harmful bacteria and fungi. Prolific, however, is a unique, bio-active soilless growth medium that contains no human and sewage waste. The reusable growth medium contains the finest quality ingredients,…

WednesdayFeb 26, 2020 10:17 am

CannabisNewsBreaks – Choom(TM) Holdings Inc. (CSE: CHOO) (OTCQB: CHOOF) Announces Opening of Next Licensed Cannabis Retail Store in Calgary, Alberta

Choom(TM) (CSE: CHOO) (OTCQB: CHOOF), one of Canada's leading recreational cannabis retailers, on Tuesday announced the opening of its next licensed cannabis retail store in Calgary, AB. The store, opening in the bedroom community of Shawcliffe, is Choom’s first retail store to open in Calgary, as well as its 14th store in Alberta and 15th location in Canada. “We are very pleased to be opening our first location in the City of Calgary,” Choom CEO Corey Gillon said in the news release. “This new location is another example of the continued commitment to our growth strategy and the vision of…

TuesdayFeb 25, 2020 10:22 am

CannabisNewsBreaks – Youngevity International Inc.’s (NASDAQ: YGYI) CLR Roasters Forges New Distribution Partnership with Prestigious Distributor Krasdale Foods

Youngevity International (NASDAQ: YGYI), a multi-channel lifestyle company operating in three distinct business segments, today announced that its wholly-owned subsidiary CLR Roasters has forged a new distribution partnership with prestigious distributor Krasdale Foods. In the business for over 100 years, Krasdale Foods distributes over 12,000 grocery item SKUs, services over 2500 retail locations and its geographic footprint includes NYC and metro areas in New York, as well as New Jersey, Connecticut, Pennsylvania, Massachusetts, and Rhode Island. Krasdale Foods plans to begin distribution of Café La Rica next month, with, in the first week of March, an initial stocking order of…

TuesdayFeb 25, 2020 10:12 am

CannabisNewsBreaks – Sugarmade, Inc. (SGMD) and Budcars Significantly Increase Cannabis Delivery Reach in Northern California

Sugarmade (OTCQB: SGMD), together with cannabis delivery service Budcars, this morning announced a substantial expansion of cannabis delivery services within the Sacramento metropolitan area. The expansion will include adding the communities of Granite Bay, Folsom, Arden Arcade, Carmichael, Citrus Heights, Orangevale, and Roseville/Rocklin this week. “The investment in Budcars and this geographic expansion are just the start of Sugarmade’s moves into California’s regulated cannabis marketplace. With the significant turmoil in California’s cannabis marketplace occurring over the past year and the resulting industry shakeout, we are seeing a host of very attractive investment opportunities. We feel Sugarmade’s capital structure is conducive…

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