Breaks Categories: News

WednesdayOct 16, 2019 12:03 pm

CannabisNewsBreaks – Three Canadian Licensed Producers with Price Target Downgrades

A technical420 editorial published today and written by Anthony Varrell highlights details regarding three Canadian Licensed Producers (“LPs”) with price target downgrades. The cannabis sector, yesterday, recorded one of its best trading days of the year, coming after Aphria Inc. (TSX: APHA) (NYSE: APHA), a leading Canadian LP, released first quarter financial results. According to the update, one of the reasons the move caught attention is because it comes after heavy pressure on the cannabis sector. Canadian LPs such as Aphria have been some of the most impacted during this time. The article goes on to highlight some of the…

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WednesdayOct 16, 2019 9:30 am

CannabisNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) to Present at the Benzinga Cannabis Capital Conference in Chicago

Plus Products (CSE: PLUS) (OTCQX: PLPRF), a leading cannabis branded products company in the U.S., this morning announced its plans to present at the Fifth Benzinga Cannabis Capital Conference. The event is slated to be held in Chicago from October 22-23, 2019. Plus Products will present to an audience of public and private companies and fellow institutional, family office and accredited investors looking for the right opportunities in a crowded and volatile market. To view the full press release, visit http://cnw.fm/S2otp About Plus Products Inc. Plus Products Inc. manufactures cannabis products in California. The company offers cannabis-infused edibles to the…

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WednesdayOct 16, 2019 9:21 am

CannabisNewsBreaks – Canopy Rivers Inc. (TSX: RIV) (OTC: CNPOF) Portfolio Company Obtains Health Canada License Amendment

Canopy Rivers (TSX: RIV) (OTC: CNPOF), a venture capital firm specializing in cannabis, on Tuesday announced that its portfolio company James E. Wagner Cultivation Corp. (TSXV: JWCA) (OTCQX: JWCAF) (“JWC”) received a Health Canada license amendment permitting cannabis production in four new flowering rooms at its flagship facility in Kitchener, Ontario. The additional flowering rooms are part of an ongoing program to expand JWC's existing production capacity. Once fully operational, the expansion will double the facility's current licensed production capacity from 22,000 square feet to approximately 44,500 square feet. “We believe that this license amendment demonstrates Health Canada's recognition of…

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TuesdayOct 15, 2019 10:21 am

CannabisNewsBreaks – CannabisNewsWire to Serve as Official Dissemination Partner of Cannabis World Congress & Business Expo in Boston

CannabisNewsWire (“CNW”), an information service specializing in cannabis-related news, announced that it will serve as an official dissemination partner of the upcoming Cannabis World Congress & Business Expo (“CWCBExpo”). Widely recognized as one of the leading business-to-business trade shows and conferences for all legalized and medical cannabis industry sectors, the CWCBExpo is scheduled to take place at the Hynes Convention Center in Boston, Massachusetts, from October 24–26, 2019. “Our network provides powerful syndication with more than 5,000 outlets, which we utilize to distribute press releases and articles that feature Cannabis World Congress & Business Expo’s impressive lineup,” CNW Director of…

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ThursdayOct 10, 2019 11:49 am

CannabisNewsBreaks – CWCBExpo to Shine a Spotlight on the Latest Insights in the Cannabis Space

Leading Edge Expositions, a company specializing in B2B trade show productions, today released details for the upcoming Cannabis World Congress & Business Exposition (“CWCBExpo”) slated to take place October 24–26, 2019, at the Hynes Convention Center in Boston, Massachusetts. Topics include the latest insights and information relevant to the burgeoning market, and shine a spotlight on everything from government regulations and women leadership in the Massachusetts cannabis industry to how patents will drive global cannabis innovation and the evolution of the CBD consumer. A number of high-powered partners are supporting this year’s Boston expo, including diamond sponsor — Freed —…

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ThursdayOct 10, 2019 9:33 am

CannabisNewsBreaks – Organigram Holdings Inc. (NASDAQ: OGI) (TSX: OGI) Honored with Excellence in Manufacturing Consortium Award

Organigram Holdings (NASDAQ: OGI) (TSX: OGI), the parent company of Organigram Inc., a leading licensed producer of cannabis, today announced its recognition at the Excellence in Manufacturing Consortium (“EMC”) Awards of Excellence ceremony held on October 9 in Toronto. According to the update, Organigram was honored with an Outstanding Member Contribution Award for delivering exemplary support to the EMC over the course of its membership. Organigram Senior Vice President of Operational Services, Jeff Purcell, accepted the award, which recognizes organizations that demonstrate outstanding achievement in manufacturing. “Producing high-quality cannabis in a state-of-the-art indoor environment, Organigram operates in an interesting cross-section…

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ThursdayOct 10, 2019 9:25 am

CannabisNewsBreaks – Youngevity International Inc. (NASDAQ: YGYI) Inks LOI with BeneYOU, LLC

Leading multi-channel lifestyle company Youngevity International (NASDAQ: YGYI) and BeneYOU LLC, a nutritional and beauty products company, this morning announced the execution of a non-binding Letter of Intent (“LOI’) detailing YGYI’s purchase of certain assets of BeneYOU. The companies intend to complete a definitive asset purchase agreement within the next few weeks, and plan to close the transaction by the end of the month. “Given the size of the integration and the amount of communication that will take place between both companies we felt that disclosing where we are in the acquisition process was prudent. Assuming a successful close, we…

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WednesdayOct 09, 2019 9:35 am

CannabisNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Posts Credit Financing Update

The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF), a leading producer of premium certified-organic cannabis, today announced that it is reviewing alternative financing options to complete construction at its facilities in Ancaster, Ontario and phase 1a at Valleyfield, Quebec. Per the update, TGODF’s previously disclosed discussions for ordinary course commercial bank facilities and equipment leasing are no longer available on the acceptable terms within the timeframes required due to changing market conditions. Presently, the company has no debt and $56.7 million in cash available in Canada, including $40.2 million in restricted cash allocated to capital expenditures. Construction at Ancaster…

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TuesdayOct 08, 2019 10:09 am

CannabisNewsBreaks – Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) Provides R&D Program Update

Global innovator in drug delivery platforms Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) today provided an update on the ongoing relationship and pursuit of innovation in oral, reduced risk nicotine consumer products using Lexaria's patented DehydraTECH(TM) technology. According to the update, most of the investigation and work within the first phase of the project underway between Altria Ventures Inc., an indirect wholly owned subsidiary of Altria Group, Inc (NYSE:MO) and Lexaria's majority owned subsidiary Lexaria Nicotine LLC is either complete or significantly underway, with imminent commencement of one remaining aspect. Results have been positive to date and support successful completion…

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TuesdayOct 08, 2019 10:02 am

CannabisNewsBreaks – Chemistree Technology Inc. (CSE: CHM) (OTCQB: CHMJF) Announces Cancellation of PCCBD Investment

Chemistree Technology (CSE: CHM) (OTCQB: CHMJF) on Monday announced termination of the proposed investment into The Physician's Choice CBD ("PCCBD") of Phoenix, Arizona, as previously disclosed in April 2019. “I am disappointed to report that after many months of meetings, discussions and attempts to manage an increasingly frustrating process, Chemistree has decided that the proposed $1 million investment into what we believed was a compelling and unique company, cannot be made,” Chemistree President Karl Kottmeier said in the news release. “While scientifically excellent, our due diligence identified significant issues with PCCBD management. We ultimately determined that we could not arrive…

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