Breaks Categories: News

ThursdayAug 01, 2019 12:50 pm

CannabisNewsBreaks – Canopy Rivers Inc. (TSX.V: RIV) (OTC: CNPOF) Announces Health Canada Approval for Radicle’s Production Facility Expansion Project

Canopy Rivers Inc. (TSX.V: RIV) (OTC: CNPOF) this morning announced that its portfolio company Radicle Medical Marijuana Inc. has received Health Canada approval for its production facility expansion project. According to the update, the approval effectively doubles Radicle's production footprint, significantly increasing its yearly capacity to 6,000 kilograms. "We are thrilled with the continued growth happening at Radicle," Canopy Rivers President and CEO Narbe Alexandrian said in the news release. "The cannabis industry is showing many similarities to the craft beer movement, where local, artisanal operators are succeeding in securing loyal and robust customer followings. Radicle is thriving within this…

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ThursdayAug 01, 2019 10:23 am

CannabisNewsBreaks – Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) Completes Acquisition of Florida-Based Spring Oaks Greenhouses, Inc.

Lifestyle-oriented cannabis company Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) today announced the completion of its previously disclosed acquisition of Spring Oaks Greenhouses, Inc., per the terms detailed on July 29, 2019. According to the update, the acquisition brings GGB's ability to operate dispensaries up to 47 across three key states that include Nevada, Massachusetts and Florida. To view the full press release, visit http://cnw.fm/A1fET About Green Growth Brands Green Growth Brands creates remarkable experiences in cannabis and CBD, led by CEO Peter Horvath and a leadership team of consumer-focused retail experts. The company’s brands include CAMP, Seventh Sense…

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ThursdayAug 01, 2019 9:44 am

CannabisNewsBreaks – Marijuana Company of America Inc. (MCOA) Provides Update on Proposed Reverse Stock Split

Innovative hemp and cannabis corporation Marijuana Company of America (OTCQB: MCOA) on Wednesday issued an update to its previously disclosed reverse stock split. According to the update, the reverse split is not effective July 31, 2019 as previously stated in the company’s press release dated July 3, 2019 and corresponding Form 8-K filed with the Commission. MCOA filed its notice of corporate action with the Financial Industry Regulatory Authority (“FINRA”), which is continuing its review of the action, as well as its Form 14C with the Commission disclosing the corporate action by consent of its majority stockholders. The reverse split…

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WednesdayJul 31, 2019 3:23 pm

CannabisNewsBreaks – MYM Nutraceuticals Inc. (CSE: MYM) (OTCQB: MYMMF) Acquires 50% of Licensed Hemp Cultivator BioHemp Naturals

MYM Nutraceuticals (CSE: MYM) (OTCQB: MYMMF), an innovative company focused on the global growth of cannabis and CBD-rich hemp, on Tuesday announced the completion of the acquisition of 50% of BioHemp Naturals in exchange for $2.5 million cash and 6,000,000 common shares in the capital of MYM. BioHemp is a licensed hemp cultivator that cultivates and distributes CBD-rich hemp biomass to licensed producers in Canada. Len Atkinson, BioHemp co-founder, has joined the MYM management team as Global Hemp Project Manager. In collaboration with BioHemp, MYM is seeking to expand its cultivation to 3,000 acres of CBD-rich hemp for the 2020…

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WednesdayJul 31, 2019 12:12 pm

CannabisNewsBreaks – CannabisNewsWire Recaps BTN Inaugural Expo that Shined Spotlight on Cannabis-Infused Beverages Space

Multifaceted financial news and publishing company CannabisNewsWire (“CNW”) today provided a recap of the highly anticipated, first-ever Cannabis Drinks Expo held on July 25, 2019 in San Francisco, California. Hosted by the Beverage Trade Network, the event shined a spotlight on the skyrocketing legal cannabis market, and the cannabis-infused beverages segment, in particular, providing insight into its future brimming with opportunity. The many high profile speakers included Jeff Maser, president and CEO of Tinley Beverages, who discussed major challenges to growth and provided crucial insight for the cannabis drinks category to move into mainstream. “We are very pleased with the…

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WednesdayJul 31, 2019 10:00 am

CannabisNewsBreaks – IONIC Brands Corp.’s (CSE: IONC) (OTC: IONKF) (FRA: IB3) Zoots Premium Cannabis Infused Edibles to Launch in PharmaCann’s Illinois Dispensaries

IONIC Brands (CSE: IONC) (OTC: IONKF) (FRA: IB3) today announced that national vertically integrated cannabis operator PharmaCann LLC will exclusively launch its Zoots Cannabis Infused Edibles in Illinois dispensaries. According to the update, the edibles will be available this month. Verilife dispensaries, which are owned and operated by PharmaCann, will offer drops, chews and energy shots from the Zoots product line. “Zoots is an ideal fit for Illinois medical cannabis patients seeking relief through a premium edible product that delivers consistent and reliable results,” PharmaCann Chief Operating Officer Brett Novey said in the news release. “We are excited to offer…

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TuesdayJul 30, 2019 10:55 am

CannabisNewsBreaks – VIVO Cannabis Inc. (TSX.V: VIVO) (OTCQX: VVCIF) Commences CO2 Extraction Operations at Napanee Facility

VIVO Cannabis Inc. (TSX.V: VIVO) (OTCQX: VVCIF) this morning announced that its wholly-owned subsidiary, ABcann Medicinals Inc., has received Health Canada approval to commence extraction operations using its on-site super-critical CO2 extraction system. According to the update, upon its Napanee facility’s receipt of EU-GMP certification and subject to receipt of all necessary import and export permits, the company is expected to be able to ship extracted cannabis products to Europe and other countries for scientific and medical purposes, in addition to selling domestically. "We are extremely excited to commence CO2 extraction operations at our Napanee facility," Vice-President, Napanee Operations Gary…

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TuesdayJul 30, 2019 10:12 am

CannabisNewsBreaks – Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) Summarizes DehydraTECH(TM) Technology Licensees

Biotechnology company and drug delivery platform innovator Lexaria Bioscience (CSE: LXX) (OTCQX: LXRP) today reported on its existing technology licensees that have entered definitive contracts to use its revolutionary DehydraTECH(TM) absorption technology within their existing and emerging brands. “The first half of 2019 delivered a period of unprecedented achievements for Lexaria. We signed more license agreements than ever before in our Company’s history, many of which were larger in scope than anything previous,” Lexaria Chief Executive Officer Chris Bunka said in the news release. “We also launched our brand-new business division Lexaria Nicotine which is disrupting nicotine delivery methods that…

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TuesdayJul 30, 2019 9:55 am

CannabisNewsBreaks – Sproutly Canada Inc. (CSE: SPR) (OTCQB: SRUTF) (FRA: 38G) Announces Q1 2020 Financial Results

Sproutly Canada (CSE: SPR) (OTCQB: SRUTF) (FRA: 38G) on Monday announced its financial results for the first quarter ended May 31, 2019. Among the updates, the company’s cash position was $3.85 million as of May 31, 2019; Toronto Herbal Remedies Inc. has received a Health Canada processing license; and the company entered into a definitive agreement with OCC Holdings Ltd., an affiliate of Moosehead Breweries Ltd, to form a joint venture. "We are off to a strong start in 2020 with the completion of our first quarter, which saw us sign the definitive agreement with Moosehead and make advancements in…

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TuesdayJul 30, 2019 9:41 am

CannabisNewsBreaks – Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) Posts Updated Terms to Spring Oaks Acquisition

Green Growth Brands (CSE: GGB) (OTCQB: GGBXF), a lifestyle-oriented cannabis company, on Monday announced an amendment to the share purchase agreement dated June 3, 2019 with Spring Oaks Greenhouses, Inc. Per the amended agreement, GGBXF will acquire all of the issued and outstanding shares of capital stock of Spring Oaks. According to the amendment, the purchase price of $54,650,000 will be comprised of a previously paid deposit of $1,350,000; a cash payment of $2,000,000 at closing, subject to certain adjustments acknowledged in the agreement; a cash payment of $3,000,000 due on August 31, 2019; the issuance of 7,133,297 common shares…

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