Breaks Categories: News

ThursdayOct 24, 2019 9:28 am

CannabisNewsBreaks – Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) Posts Q4 & Full Year Financial Results, Hosts Conference Call

Lifestyle-oriented cannabis company Green Growth Brands (CSE: GGB) (OTCQB: GGBXF) on Wednesday reported its results for the fourth quarter and full year ended June 30, 2019. Among other highlights, GGBXF reported total revenue for fiscal 2019 of $15.7 million, as well as a 29% quarter-over-quarter increase in revenue for the three-month period ended June 30, 2019. The company is hosting a conference call and audio webcast today, October 24th at 8:30 AM ET featuring GGBXF CEO Peter Horvath and CFO Brian Logan. To join the call, dial (+1) 416 764 8609 for the local Toronto line, (+1) 778 383 7417…

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WednesdayOct 23, 2019 11:32 am

CannabisNewsBreaks – CannabisNewsWire to Serve as Official Media Partner at USA CBD Expo Vegas

CannabisNewsWire (“CNW”), an information service specializing in cannabis-related news, today announced that it will serve as an official media partner at USA CBD Expo Vegas, the nation’s largest CBD and hemp event. The trade show, slated to take place at the Las Vegas Convention center from February 13–15, 2020, will feature the largest selection of CBD/hemp products yet. More than 300 vendors and 500 brands will showcase new and innovative offerings including edibles, tinctures, beverages, topicals, vapes, cosmetics, flowers, pet products and more. Throughout the event, industry experts will share insight and experience, with an agenda covering topics from health…

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WednesdayOct 23, 2019 10:27 am

CannabisNewsBreaks – Sugarmade Inc. (SGMD) Achieves Exempt Status Removing Penny Stock Limitations

Sugarmade (OTCQB: SGMD), a major supplier to the hydroponic cultivation and hemp sectors, today announced that its stock has been awarded “Penny Stock Exempt” status on OTCmarkets.com in accordance with rules defined by the Securities and Exchange Commission (“SEC”). According to OTCmarkets.com, the status means that SGMD stock is now exempt from the limitations that accompany any security defined as a “Penny Stock” according to the SEC under Rule 240.3a51-1 because it meets one of the following: 1) A price of over $5 per share, 2) issuer has at least $6 million in average revenue for the last three years,…

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WednesdayOct 23, 2019 10:21 am

CannabisNewsBreaks – HTC Extraction Systems (TSX.V: HTC) Closes Bought Deal Private Placement

HTC Extraction Systems (TSX.V: HTC) today announced the closing of its previously announced private placement financing of 25,000,000 units of the company, each at a price of $0.40. The offering resulted in gross proceeds of $10 million to the company, from which it intends to use net proceeds for the purchase of extraction, purification and refining equipment and general working capital purposes. Each unit consists of one common share in the capital of the company and one-half of one common share purchase warrant (each whole common share purchase warrant, a "warrant"). Each warrant will be exercisable to acquire one common…

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WednesdayOct 23, 2019 9:47 am

CannabisNewsBreaks – Canopy Rivers Inc. (TSX: RIV) (OTC: CNPOF) and Kindred Form Strategic Alliance to Unlock Industry’s Long-Term Potential

Canopy Rivers (TSX: RIV) (OTC: CNPOF), a venture capital firm specializing in cannabis, and Kindred Partners Inc., a specialty cannabis brokerage and services company, today announced a strategic alliance to provide mutual benefits to both parties, as well as to Canopy Rivers’ portfolio companies. Kindred is a wholly owned subsidiary of Breakthru Beverage Group and leverages deep experience of its sister company, Breakthru Beverage Canada, in working with Canadian provincial control boards, public and private regulated cannabis businesses, licensed producers and retailers to broker regulated cannabis products for the adult-use market. “As we head into cannabis 2.0 and the Canadian…

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TuesdayOct 22, 2019 12:52 pm

CannabisNewsBreaks – Green Hygienics Holdings Inc. (GRYN) to Acquire Office, Warehouse Property Near San Diego

Innovative, full-scope, science-driven, premium hemp cultivation and branding enterprise Green Hygienics Holdings (OTCQB: GRYN) today announced that it has opened escrow for the acquisition of its head office and warehouse building in the prominent Poway Business Park located near San Diego, California. “This is a marquis property in a strategic location approximately 45 minutes away from the 824-acre Potrero Ranch Property and just outside of San Diego. The acquisition of this property will immediately deliver positive cash flow from the existing tenancies and provide the company with the use of our head office location at no cost. Our near-term objective…

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TuesdayOct 22, 2019 11:35 am

CannabisNewsBreaks – Sugarmade Inc. (SGMD) Finalizes Terms of Landmark Deal to Acquire Top Hydroponics eCommerce Supplier BZRTH Inc.

Sugarmade (OTCQB: SGMD), a major supplier to the hydroponic cultivation and hemp sectors, today announced the finalization of terms for a definitive agreement between Sugarmade and BZRTH Inc.  Under the agreement, Sugarmade will acquire BZRTH Inc. (“BZRTH”), a leading ecommerce supplier to the rapidly expanding hydroponic agricultural space. The parties expect finalization and closing of the acquisition by October 31, 2019. “After months of negotiations, we now have robust terms set into place that represent enormous value for Sugarmade shareholders,” Sugarmade CEO Jimmy Chan said in the news release. “This acquisition, in itself, will dramatically augment the Company’s top and…

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MondayOct 21, 2019 10:14 am

CannabisNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) Bolsters Research Expertise with Appointment of Chief Scientific Officer Dr. Ari Mackler

Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF), a leading cannabis branded products company in the U.S., this morning announced the addition of Dr. Ari Mackler as its chief scientific officer. Per the update, Dr. Mackler brings 20 years of medical affairs, communications, and research experience in pharmaceutical, healthcare, and consumer goods industries. The position at PLUS will allow Dr. Mackler to pursue research relationships and clinical trials with private partners and academic institutions in an effort to expand consumer understanding of cannabis and the benefits it may provide. “Dr. Mackler has a long history of helping consumer product companies share…

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FridayOct 18, 2019 1:30 pm

CannabisNewsBreaks – Isracann Biosciences Inc. (CSE: IPOT) Begins Trading on the CSE

A technical420 editorial published on Thursday and written by Anthony Varrell highlights Isracann Biosciences’ (CSE: IPOT) new listing on the Canadian Securities Exchange (“CSE”). Isracann is an Israeli-based cannabis company focused on becoming a premier, low-cost cannabis producer. Per the article, the listing signifies a global opportunity and demonstrates that the company is one to watch for various reasons, including its status as Israel’s first pure play cannabis firm to list in Canada and its plans to execute on a 230,000 sq. ft. hybrid greenhouse that is fully funded. To view the full article, visit http://cnw.fm/XBgj8 About Isracann Biosciences Inc.…

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FridayOct 18, 2019 12:25 pm

CannabisNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Details New Strategic Plan to Cut Financing Requirements while Preserving Path to Profitability

The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF), a leading producer of premium certified organic cannabis, today announced its new strategic plan to reduce its financing requirements while maintaining its path to profitability. Per the update, the company intends to improve agility by reducing capital requirements, establishing a simple way to scale up production as more retail locations open and legal sales increase, and adapting to slower legal market conversion by deferring excess capacity and expenses. TGODF also maintains its objective to become EBITDA and operating cash flow positive by Q2 2020. “These actions are logical next steps in…

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