Breaks Categories: News

MondayNov 04, 2019 2:31 pm

CannabisNewsBreaks – Millions of Cannabis Plants with $1B ‘Black Market’ Value Seized and Destroyed in California

A recent Fox News article by Stephen Sorace detailed an investigation into several hemp fields in California which uncovered 10 million illicit cannabis plants. According to the update, the plants, with a “black market” value of over $1 billion, were seized and destroyed by authorities. The Kern County Sheriff’s Office wrote on Facebook that on October 25, after obtaining a search warrant, investigators searched 11 different fields in the Arvin area, located about 100 miles north of Los Angeles. With assistance from the California Department of Fish and Wildlife (“CDFW”) and FBI, authorities swept through 459 acres of land where…

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MondayNov 04, 2019 2:31 pm

CannabisNewsBreaks – OrgHarvest, Inc. (OTC: ORGH) Receives SEC Approval to Extend Reg A+ Offering

OrgHarvest (OTC: ORGH), the first U.S. based cannabis cultivation company to achieve a Regulation A+ qualification, today announced approval from the Securities and Exchange Commission (“SEC”) for a 12-month extension on OrgHarvest’s Reg A+ Offering. According to the update, the company’s management indicated that the timing of this extension was nearly perfect, particularly as OrgHarvest has completed and filed with the SEC a GAAP Audit via Black Rock Consulting in anticipation of becoming a fully reporting company. OrgHarvest plans to upgrade its securities to the OTCQB at the end of 2019 via a PCOAB audit. “Things are all slowly falling…

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MondayNov 04, 2019 1:26 pm

CannabisNewsBreaks – Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Appoints Senior Vice President of Commercial, Strengthens Sales Strategy

Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) today announced that Joel Toguri has joined the company as its senior vice president ("SVP") of Commercial. According to the update, Toguri’s responsibilities in this role will include establishment and oversight of the company's provincial and retail sales strategy across all brands. "Mr. Toguri's impressive career spans the cannabis, beverage alcohol and apparel industries. He brings over 20 years of regulated industry knowledge and pertinent cannabis distribution expertise to Supreme Cannabis.  It is a privilege to welcome a proven and skilled leader to our continuously improving team," Supreme Cannabis CEO Navdeep…

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MondayNov 04, 2019 12:56 pm

CannabisNewsBreaks – Neutra Corp. (NTRR) Announces Payment of Convertible Notes, Looks Forward to Strong Finish for 2019

Early-stage research and development company Neutra Corp. (OTC: NTRR) today announced its payment of two convertible notes in recent months, thereby reducing the company’s short-term debt by $373,940 and putting it in a strong position as the year comes to a close. According to the update, repayment of the notes continues a string of success for Neutra over the past 10 months, including several important completed acquisitions, as well as one now pending. “This is a sign of tremendous forward progress for our Company,” Neutra CEO Sydney Jim said in the news release. “Retiring these notes on time shows our…

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MondayNov 04, 2019 12:04 pm

CannabisNewsBreaks – Youngevity International Inc. (NASDAQ: YGYI) Completes BeneYOU, LLC Acquisition

Youngevity International (NASDAQ: YGYI), a leading multi-channel lifestyle company operating in three distinct business segments, today announced that is has closed the acquisition of BeneYOU, LLC's assets with an effective date of November 1, 2019. According to the update, BeneYOU's flagship brand Jamberry has a core competency in social selling with an extensive line of nail products, Avisae focuses on gut health and M.Global delivers hydration products. "We are proud to welcome the customers and distributors of Jamberry, Avisae and M.Global into our organization and we look forward to showcasing all of their exciting products to Youngevity distributors and customers…

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ThursdayOct 31, 2019 2:53 pm

CannabisNewsBreaks – Kanvas Launches Certified Child-Resistant Disposable Vaporizer

Kanvas(TM), a creator of innovative solutions designed to elevate the user experience for legal cannabis and cannabidiol (“CBD”) consumers, this morning launched its child-resistant disposable vaporizer, becoming the first company to produce an all-in-one hardware solution that passed rigorous child-resistant testing. Kanvas developed the child-resistant vape pen using a push-and-turn technology that disengages the battery to prohibit device operation. The patent-pending solution was tested by an accredited laboratory to meet the Consumer Product Safety Commission’s (“CPSC”) standards for child-resistant packaging. “We are proud to be the first in our industry to introduce an end-to-end vape solution with certified child-resistant functionality,”…

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ThursdayOct 31, 2019 10:01 am

CannabisNewsBreaks – Sugarmade, Inc. (SGMD) Acquires BZRTH Inc. as Part of Roll-Up Strategy to Create Dominant Force in $24B Global Hydroponics Market

Sugarmade (OTCQB: SGMD), a major supplier to the hydroponic cultivation and hemp sectors, today announced the closing of its acquisition of BZRTH Inc., a leading ecommerce supplier to the rapidly expanding hydroponic agricultural space. Sugarmade expects that the new combined entity will drive EBITDA profitability, net-positive cash flows, and top-line sales of $37 million on a forward basis. “As of today, Sugarmade is one of the largest publicly traded hydroponics companies in the world,” SGMD CEO Jimmy Chan said in the news release. “The most important idea we want to convey to our committed shareholders right now is that this…

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WednesdayOct 30, 2019 2:22 pm

CannabisNewsBreaks – LiveWire Ergogenics Inc. (LVVV) CEO Discusses Company’s Evolving Role in Multibillion Cannabis Industry in Exclusive NetworkNewsWire Broadcast

LiveWire Ergogenics (OTC: LVVV), a forward-thinking company specializing in identifying and monetizing current and future trends in the health and wellness industry, today announced the broadcast of its audio interview with NetworkNewsAudio (“NNA”), a NetworkNewsWire (“NNW”) solution. LiveWire chairman and CEO Bill Hodson was featured in the interview, hosted by Stuart Smith, as he discussed LiveWire’s stunning 265-acre Estrella Ranch property in Paso Robles, California, as well as the company’s state-wide cannabis distribution license and network and its evolving role in the multibillion-dollar cannabis industry. “With the cannabis market expanding rapidly in California, we decided to get involved and pivot…

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WednesdayOct 30, 2019 12:17 pm

CannabisNewsBreaks – HTC Extraction Systems (TSX.V: HTC) Provides Recent Activities Update

HTC Extraction Systems (TSX.V: HTC), a hemp-biomass processing entity, today announced that it has closed its bought deal private placement resulting in gross proceeds of $10 million. In addition, the company reported the completion of its 19,000-square-foot facility that will house quality assurance testing and product development laboratories and extraction and formulation processing. The facility is presently undergoing the interior completion to qualify it as GMP Euro compliant and is anticipated to be one of the highest performing and top product quality extraction and refining facilities in Canada. HTC has also completed the construction of its 27,000-square-foot hemp biomass processing…

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WednesdayOct 30, 2019 9:33 am

CannabisNewsBreaks – Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Announces Departure of Chief Advocacy Officer

Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) on Tuesday announced that it has parted ways with its Chief Advocacy Officer John Fowler. In the update, Supreme Cannabis thanked Fowler for his years of dedication and strong contribution to the company, as well as his passion for the cannabis plant. Fowler is a strong believer in the cultivation of high-end cannabis and was one of the original founders of Supreme Cannabis' flagship brand, 7ACRES. “We all wish John the best in his next endeavor and thank him for his commitment to the company for the last four years. John…

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