Breaks Categories: News

ThursdayApr 16, 2020 11:24 am

CannabisNewsBreaks – Sugarmade, Inc. (SGMD) to Expand BudCars into Southern California Marketplace Through Acquisition of Two Greater-LA Locations

Sugarmade (OTCQB: SGMD), together with its BudCars Cannabis Delivery Service, today announced the expansion of BudCars into the Southern California marketplace through the acquisition of two locations in the greater Los Angeles area. According to the update, the company’s Sacramento locations have been experiencing dramatic growth, with revenues consistently increasing 10% week-over-week, driven by exploding demand for contactless delivery of cannabis products due to the coronavirus lockdown. At these locations, the company now expects to surpass $30 million in annualized revenues. “Our Sacramento locations will pass the $10 million mark for annualized sales within the next 60-90 days,” Sugarmade CEO…

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ThursdayApr 16, 2020 10:15 am

CannabisNewsBreaks – Canopy Rivers Inc.’s (TSX: RIV) (OTC: CNPOF) PharmHouse Increases Bank Debt Facility by $10M, Signifying Confidence in the Joint Venture

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., amended its syndicated credit facility ("Credit Facility") with the Bank of Montreal ("BMO"), as the agent and lead lender, and the Canadian Imperial Bank of Commerce and Concentra Bank (together with BMO, the "Lenders"). According to the update, the amended terms provide PharmHouse with an additional $10 million of secured debt financing, representing an increase to the Credit Facility that was initially announced in January 2019. “This incremental debt financing, which comes at a time…

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ThursdayApr 16, 2020 9:20 am

CannabisNewsBreaks – Champignon Brands Inc. (CSE: SHRM) (OTC: SHRMF) (FWB: 496) Names New Member to Special Advisory Committee

Champignon Brands (CSE: SHRM) (OTC: SHRMF) (FWB: 496), a human optimization sciences company focused on applying novel and natural treatment protocols to address a broad range of disorders and deficiencies with an emphasis on psychedelic medicine, this morning announced the appointment of the former President of Red Bull Canada, Mr. Jim Bailey, to its Special Advisory Committee. Bailey will support in the marketing, distribution and commercialization of Champignon’s Novoformulations-branded novel delivery systems targeting the pharmaceutical, nutraceutical and psychedelic medicine industries. “I am very excited to be part of a company that is leading the way in finding alternative solutions to…

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WednesdayApr 15, 2020 12:23 pm

CannabisNewsBreaks – LiveWire Ergogenics Inc. (LVVV) Reports Financial Results for 2019, Substantial Revenue Increase

LiveWire Ergogenics (OTC: LVVV), a company focused on acquiring special purpose real estate properties conducive to producing high-quality handcrafted cannabis products for commercial medicinal and adult-use in California, today announced its financial results for 2019. According to the update, the company generated $1.35 million in revenue for the year, an increase of 3,695% compared to 2018. "The acquisition of Estrella Ranch in Paso Robles California in 2019, has successfully positioned LiveWire with an operation on one of the most beautiful, and historic locations in the country, with a microclimate perfect for growing exceptional handcrafted-style cannabis,” LiveWire Ergogenics CEO Bill Hodson…

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WednesdayApr 15, 2020 10:47 am

CannabisNewsBreaks – Cannabis Strategic Ventures, Inc. (NUGS) Announces Upcoming Launch of Cannabis Brand

Cannabis Strategic Ventures (OTCQB: NUGS), an emerging leader in the U.S. and California cannabis marketplaces, today announced the upcoming launch of its cannabis brand. According to the update, the company expects to begin selling branded cannabis products this quarter, with management anticipating a 125%-150% jump in pricing for sales of branded versus white label cannabis. “Moving a substantial percentage of our grow capacity into branded product sales will have a significant positive impact on sales growth and ROI,” Cannabis Strategic Ventures CEO Simon Yu said in the news release. To view the full press release, visit http://cnw.fm/Ow6EG About Cannabis Strategic…

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TuesdayApr 14, 2020 11:03 am

CannabisNewsBreaks – SinglePoint, Inc. (SING) Adapts Critical Components of Strategic Business Model Amidst COVID-19

SinglePoint (OTCQB: SING) together with its solar subsidiary, Direct Solar of America, was featured in a sector snapshot by Investorideas.com, a global news source and leading investor resource covering cleantech and renewable energy stocks. The snapshot looks at how some companies in the solar and cleantech sector are adapting and thriving during the COVID-19 pandemic, with corporate sales to industry events going virtual. "The Direct Solar America management team did a great job re-positioning the company quickly in these uncertain times. Across various industries, companies are being forced to transform and adapt critical components of their business model to accommodate…

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TuesdayApr 14, 2020 10:34 am

CannabisNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Enters Letter of Intent with Quebec’s SQDC

The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF), a leading producer of premium, certified-organic cannabis, today announced that it has signed a letter of intent with the Société québécoise du cannabis ("SQDC") ahead of the upcoming launch of its lineup of teas made with only certified organic ingredients. "Entering the Quebec market is an important milestone for TGOD as we continue ramping up sales and production volumes," Brian Athaide, CEO of TGOD, stated in the news release.  "Our teas leverage the same fast-acting technology used for TGOD Infusers, and a proprietary know-how, which eliminates the need to use sugar…

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TuesdayApr 14, 2020 10:29 am

CannabisNewsBreaks – Youngevity International, Inc. (NASDAQ: YGYI) Reports Declaration of Monthly Dividend for Q2 Series D Cumulative Redeemable Perpetual Preferred Stock

Youngevity International (NASDAQ: YGYI), a multi-channel lifestyle company operating in three distinct business segments including a commercial coffee enterprise, commercial hemp enterprise and a multi-vertical omni direct selling enterprise, today announced the declaration of its regular monthly dividend of its 9.75% Series D Cumulative Redeemable Perpetual Preferred Stock (NASDAQ: YGYIP) at a price of $0.203125 per share for the months of April, May and June 2020. The dividend will be paid in cash to holders of record as of April 30, May 31 and June 30 on May 15, June 15, and July 15, 2020. To view the full press…

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TuesdayApr 14, 2020 9:43 am

CannabisNewsBreaks – Marijuana Company of America, Inc.’s (MCOA) hempSMART(TM) Appoints New Chief Marketing Officer to Implement 2020 Global Sales and Marketing Strategy

Marijuana Company of America (OTCQB: MCOA), an innovative hemp corporation, today announced the appointment of Gloria Albarran Lynch as Chief Marketing Officer of hempSMART(TM) Corporate. Lynch brings a wealth of experience and knowledge into the CBD marketplace and is exceptionally qualified to develop and implement effective strategies that will increase the company's revenue streams. "Our re-branding and segmented branding strategies will address the global market and give us a broader reach.  The unified LOOK of our product lines will allow our customers to quickly recognize us on the store shelf,” MCOA CEO Jesus Quintero stated in the news release. “It…

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MondayApr 13, 2020 11:57 am

CannabisNewsBreaks – Youngevity International, Inc.’s (NASDAQ: YGYI) CLR Roasters Extends Coffee Supply Contract with Save Mart Supermarkets

Youngevity International (NASDAQ: YGYI), a multi-channel lifestyle company operating in three distinct business segments including commercial coffee and commercial hemp enterprises, today announced that it has extended its coffee supply contract with Save Mart Supermarkets through January of 2022. Per the update, the agreement includes Save Mart's private label brands and CLR Roaster's company owned Javalution Hemp Coffee Brand. CLR Roasters has recently shipped all four Javalution K-cup items throughout Save Mart's retail footprint, which includes approximately 207 stores predominantly located in California.  "We are very proud to be expanding our relationship with Save Mart and look forward to supporting…

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