Breaks Categories: News

MondayNov 25, 2019 10:10 am

CannabisNewsBreaks – Organigram Holdings Inc. (NASDAQ: OGI) (TSX: OGI) Announces Q4 and 2019 Fiscal Year Results

Organigram Holdings Inc. (NASDAQ: OGI) (TSX: OGI), the parent company of Organigram Inc., a leading licensed producer of cannabis, today announced its results for the fourth quarter and fiscal year ended August 31, 2019 (“Q4” or “Q4 2019”). Among the highlights, Organigram reported a 547% growth in 2019 net revenue to $80.4 million from $12.4 million in 2018, and a 575% increase in 2019 gross margin, before fair value changes to biological assets and inventory, to $37.9 million or 47% of net revenue from $5.6 million or 45% of net revenue in 2018. “Our 2019 results reflected a successful year…

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FridayNov 22, 2019 12:11 pm

CannabisNewsBreaks – technical420 Highlights Three Canadian LPs that Appear Well Positioned in Burgeoning Cannabis Industry Despite Pressure from Recent Earnings

According to a recent technical420 article written by Anthony Varrell, several leading Canadian cannabis companies have reported quarterly financial results during the last month, and, on average, the market has been responding negatively to the numbers. Although these companies have reported strong growth compared to prior periods, the market has reacted negatively due to numbers that have come in below expectations. The article indicates that the cannabis industry looks to be well positioned to record strong growth going forward. It further highlights three Canadian cannabis producers, including Aleafia Health (TSX: ALEF) (OTCQX: ALEAF), Canopy Growth (TSX: WEED) (NYSE: CGC) and…

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FridayNov 22, 2019 10:31 am

CannabisNewsBreaks – GreenStar Biosciences Corp. (CSE: GSTR) (OTC: GTSIF) Secures DTC Eligibility

GreenStar Biosciences (CSE: GSTR) (OTC: GTSIF), a growth-oriented technology and services company that provides real estate, financial, management and other support to licensed cannabis businesses in the U.S., on Thursday announced that it has secured DTC eligibility by The Depository Trust Company ("DTC") for electronic settlement and transfer of its common shares in the United States. A subsidiary of the Depository Trust & Clearing Corporation ("DTCC"), the DTC manages the electronic clearing and settlement of publicly traded companies. Securities eligible for this electronic clearing method are considered “DTC eligible,” with the method speeding up the receipt of stock and cash,…

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FridayNov 22, 2019 10:21 am

CannabisNewsBreaks – Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Announces Appointment of Global CPG Executive John Griese as Chief Operating Officer

Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) today announced that John Griese has joined the company as its chief operating officer ("COO"). Griese brings over 30 years of executive consumer packaged goods ("CPG") and global cannabis operations experience and, in his role as COO, will be responsible for driving continuous improvements across all operating assets and leading supply chain management for Supreme Cannabis' diverse portfolio of products. “It is a privilege to welcome John Griese to our maturing leadership team during a key time when Supreme Cannabis is evolving into a leading cannabis CPG company. He has over…

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FridayNov 22, 2019 9:17 am

CannabisNewsBreaks – Willow Biosciences Inc. (CSE: WLLW) (OTCQB: CANSF) Posts Q3 2019 Financial Results, Operations Update

Willow Biosciences (CSE: WLLW) (OTCQB: CANSF) on Thursday announced its financial and operating results for the three and nine months ended September 30, 2019. Among other highlights, the company reported that it ended the quarter with around $23.2 million of working capital and $24 million of cash on hand. Willow’s unaudited condensed consolidated interim financial statements and related management's discussion and analysis are available at www.SEDAR.com or on the company’s website. “Over the past few months, Willow has continued to advance its business strategy and achieved several important milestones,” Willow Biosciences president and chief executive officer Trevor Peters stated in…

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ThursdayNov 21, 2019 1:01 pm

CannabisNewsBreaks – Canopy Rivers Inc.’s (TSX: RIV) (OTC: CNPOF) Portfolio Companies Expand for Success in the Growing Market

Canopy Rivers (TSX: RIV) (OTC: CNPOF), a venture capital firm specializing in cannabis, today announced the broadening of operations of its portfolio companies as they position for success in the growing market. The update highlighted several enhancements and expansions, including one company’s launch of a data intelligence tool to assist retailers in tracking sales metrics and understanding their consumers. Another company intends to leverage Canopy Rivers' strategic alliance with Kindred Partners Inc. to expand its distribution network. Included in the update is a summary of key developments for Headset, Inc., TerrAscend Corp. (CSE: TER) (OTCQX: TRSSF), James E. Wagner Cultivation…

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ThursdayNov 21, 2019 10:48 am

CannabisNewsBreaks – ChineseInvestors.com Inc. (CIIX) to Host Investor Conference Call This Afternoon

ChineseInvestors.com Inc. (OTCQB: CIIX) this morning announced that it will host an investor conference call today, Novemebr 21, 2019, at 4:00 p.m. EST. Per the update, the call will focus on recent company developments. CEO Warren Wang will be on the call to provide insight into CIIX’s fast-growing industrial hemp/CBD business in China, as well as the company’s legacy financial news and information business. To join the call, interested parties should dial (866) 821-0302. To view the full press release, visit http://cnw.fm/W5hfK About ChineseInvestors.com Founded in 1999, ChineseInvestors.com endeavors to be an innovative company providing: (a) real-time market commentary, analysis…

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ThursdayNov 21, 2019 10:22 am

CannabisNewsBreaks – Cannabis Strategic Ventures Inc. (NUGS) Issues Update Following Milestone Cannabis Decision by House Judiciary Committee

Cannabis Strategic Ventures Inc. (OTCQB: NUGS) this morning issued an update applauding House Judiciary Committee members for taking a significant step toward the legalization of the cannabis market through the passage of the Marijuana Opportunity Reinvestment and Expungement Act of 2019 (“MORE Act”), which will now move to the House for full consideration. “The ramifications of this bill bring excitement to the cannabis industry,” Simon Yu, CEO of Cannabis Strategic Ventures, stated in the news release. “Removing federal legislative obstacles brings tremendous opportunity in scaling the cannabis industry and we applaud the members of the House Judiciary Committee for their…

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ThursdayNov 21, 2019 10:22 am

CannabisNewsBreaks – Lexaria Bioscience Corp.’s (CSE: LXX) (OTCQX: LXRP) Enhanced Technology Shows Rapid Onset of Action in Under 10 Minutes

Lexaria Bioscience (CSE: LXX) (OTCQX: LXRP), a global innovator in drug delivery platforms, today announced its development of additional enhancements for its industry-leading DehydraTECH(TM) platform that delivers THC onset of action in less than 10 minutes in human pilot testing. According to the update, volunteers in recent human subjective pilot tests reported onset in less than 10 minutes from edibles formulated with this latest DehydraTECH innovation. This enhanced version of the delivery platform shows onset that is roughly twice as fast as traditional DehydraTECH and four to six times faster than generic industry formulations. To view the full press release,…

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ThursdayNov 21, 2019 9:47 am

CannabisNewsBreaks – No Borders Inc. (NBDR) CEO Presents CBD LabChain Platform at Blockchain Expo 2019

Multifaceted holding corporation No Borders Inc. (OTC: NBDR) this morning announced that it has successfully developed and deployed a revolutionary blockchain platform for securely and immutably recording cannabinoid lab test data on its new public blockchain. The company presented this new platform at Blockchain Expo 2019, gaining immediate exposure to a wide audience of industry leaders and professionals. “No Borders is strongly committed to shareholder value, and the deployment of CBD LabChain is a prime example of our ability to successfully operate in a high growth, high profit vertical while strategically dissecting that vertical for scalable technological solutions to in-vertical…

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