Breaks Categories: News

WednesdayMar 11, 2020 9:36 am

CannabisNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Announces Q4, Year End 2019 Financial Results

The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF), a leading producer of premium, certified-organic cannabis, on Tuesday released its results for the fourth quarter and fiscal year ended December 31, 2019. Among the highlights, the company posted $3.25 million in quarterly revenue ($11.16 million for the year) consisting of hemp-derived product sales in Europe of $2.56 million ($9.88 million for the year) and sales from cannabis products in Canada of $0.69 million ($1.28 million for the year). “While 2019 was a challenging year for the entire sector, we have made significant progress on the operational front and adjusted our…

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TuesdayMar 10, 2020 10:30 am

CannabisNewsBreaks – Choom(TM) (CSE: CHOO) (OTCQB: CHOOF) Continues Expansion of Cannabis Retail Network with 15th Alberta Location

Choom(TM) (CSE: CHOO) (OTCQB: CHOOF), an emerging adult use cannabis company that has secured one of the largest national retail networks in Canada, on Monday announced the opening of a licensed cannabis retail store in Edmonton, Alberta. The latest brick-and-mortar location is slated to open on March 13, 2020. "We look forward to welcoming the community of Edmonton as we share our unique retail experience with the opening of Choom's 15th location in Alberta," Choom CEO Corey Gillon said in the news release. "We are thrilled to continue the expansion of our cannabis retail network throughout the province." To view…

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FridayMar 06, 2020 12:25 pm

CannabisNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) to Report Q4, Year End 2019 Financial Results on March 10

The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF), a leading producer of premium, certified-organic cannabis, today announced that the company will release its fourth quarter and year end 2019 financial results after market close on Tuesday, March 10, 2020. At 9 AM ET on Wednesday, March 11, 2020, TGODF will hold a conference call featuring CEO Brian Athaide and CFO Sean Bovingdon to discuss the results. A question and answer period will feature analysts following the speakers on the call. To join the conference call, dial 1-416-764-8688 for the Toronto line or 1-888-390-0546 for the toll-free North America line…

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ThursdayMar 05, 2020 3:22 pm

CannabisNewsBreaks – technical420 Highlights Three Major US Cannabis Markets and Companies Focused on Opportunity

A recent editorial by Anthony Varrell on technical420 titled “3 Major US Markets Driving Headlines For the Cannabis Sector” reviews impressive growth for the cannabis industry despite considerable pressure since early 2019. The article focuses on three of the most significant cannabis markets in the U.S., as well as companies that are focused to capitalize on opportunity. Nevada is mentioned in the article as a tourism driven cannabis market and 1933 Industries (CSE: TGIF) (OTCQX: TGIFF), looking to show visible catalysts for growth. Also highlighted is California, the world’s largest cannabis market, and MedMen Enterprises (CSE: MMEN) (OTCQX: MMNFF), one…

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ThursdayMar 05, 2020 2:15 pm

CannabisNewsBreaks – Ignite International Brands, Ltd. (CSE: BILZ) (OTCQX: BILZF) Enters Licensing Agreement with Namaste Technologies, Inc.’s (TSX.V: N) (OTCQB: NXTTF) (FRA: M5BQ) CannMart

Ignite International Brands, Ltd. (CSE: BILZ) (OTCQX: BILZF) recently announced its entry into a licensing agreement with CannMart Inc., a leading online provider of high quality cannabis products and accessories, operating as a wholly-owned subsidiary of Namaste Technologies Inc. (TSX.V: N) (OTCQB: NXTTF) (FRA: M5BQ). According to the update, the agreement grants CannMart a non-exclusive license to utilize certain IGNITE brand trademarks on legal cannabis-based products in consideration for certain royalty payments. “The IGNITE team remains committed to delivering cannabis products to every market we target. We firmly believe working with CannMart will provide quality product offerings and a quicker…

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WednesdayMar 04, 2020 11:22 am

CannabisNewsBreaks – CannabisNewsWire to Again Serve as Official NewsWire for Full Slate of 2020 CWCBExpo Events

CannabisNewsWire (“CNW”), a multifaceted financial news and publishing company part of the InvestorBrandNetwork (“IBN”), today announced that it will serve as the Official NewsWire and Sapphire Sponsor for the full slate of 2020 Cannabis World Congress & Business Expo (“CWCBExpo”) events. In addition, IBN will participate as an Official Media Sponsor for the CWCBExpo gatherings. “We are honored to once again be selected as the official newswire for CWCBExpo,” CNW Communications Director Jonathan Keim said in the news release. “The Cannabis World Congress & Business Expo team has built a strong reputation for offering premier events in the cannabis space,…

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WednesdayMar 04, 2020 10:58 am

CannabisNewsBreaks – Sugarmade, Inc. (SGMD) Announces 300% Growth in Budcar Delivery Volume, Eyes $15M 2020 Revenue Target

Sugarmade (OTCQB: SGMD) today announced a dramatic 300% sequential monthly jump in delivery volume in BudCars Cannabis Delivery Service in February. According to the update, the rise in volume follows the company’s negotiated agreement toward a controlling stake in Budcars and its investment in expanding the leading delivery service’s operations and reach in Northern California. Provided recent data on growth in daily orders is reliable and indicative of the impact of the company’s recent measures over coming months, management projects a Budcars top-line run-rate capable of surpassing $15 million in sales in 2020. “Some of our shareholders have suggested that…

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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…

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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. …

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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…

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