Breaks Categories: News

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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MondayJul 29, 2019 9:59 am

CannabisNewsBreaks – Geyser Brands Inc. (TSX.V: GYSR) Releases Post-RTO Financial Results for the 8-months ended March 31, 2019

Geyser Brands (TSX.V: GYSR) this morning announced its post-RTO audited financial statements ("Annual Financial Statement") for the 8-months ended March 31, 2019, as well as accompanying management discussion and analysis. According to the update, the Annual Financial Statement represents Geyser’s transitional fiscal year following its RTO and change in the fiscal year end, which is further described in the Notice of Change in Corporate Structure filed on the company's SEDAR profile. “We are pleased with our progress in the first 8 months since completing the RTO.  Our subsidiary, 0957203 B.C. Ltd. dba Apothecary Botanicals, through its strong management, has been…

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MondayJul 29, 2019 9:28 am

CannabisNewsBreaks – Grapefruit Boulevard Investments Inc. (IGNG) Files Registration Statement with the SEC

California-based Grapefruit Boulevard Investments, a wholly owned subsidiary of Imaging3 (OTCQB: IGNG), this morning announced that on July 26, 2019, it filed a registration statement with the SEC on Form S-1 to register shares of the company’s common stock underlying the $600,000.00 convertible note recently issued to an institutional investor, as well as other securities to be issued to the investor. Now that the registration statement has been filed, the investor is required to fund the second tranche of $1,400,000 in accordance with the terms of the securities purchase agreement. Grapefruit anticipates the second tranche will be funded this week.…

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FridayJul 26, 2019 10:59 am

CannabisNewsBreaks – SinglePoint, Inc. (SING) CEO Discusses Acquisition Sales Success, CBD Business and Merchant Services Progress on MoneyTV with Donald Baillargeon

Technology and investment company SinglePoint (OTCQB: SING) was featured on this week’s episode of MoneyTV with Donald Baillargeon. The internationally-syndicated program covers money-focused topics, featuring various companies and in-depth CEO and executive interviews that offer insights into operations and future outlooks. On this week’s program, SinglePoint CEO Greg Lambrecht provided updates on the company’s acquisition sales success, as well as its CBD business and merchant services progress. To view the full press release, visit http://cnw.fm/N31jS About SinglePoint, Inc. SinglePoint, Inc. is a technology and investment company with a focus on acquiring companies that will benefit from the injection of growth…

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ThursdayJul 25, 2019 12:11 pm

CannabisNewsBreaks – Pressure BioSciences Inc. (PBIO) Announces First Sale of the BaroShear K45, A Revolutionary Water-Soluble CBD Manufacturing System

Pressure BioSciences (OTCQB: PBIO), a leader in the development and sale of broadly enabling, pressure-based technology and products to the worldwide life sciences and other industries, today announced the initial sale of its revolutionary BaroShear(TM) K45 processing system. According to the update, the novel instrument system is based on the company’s proprietary Ultra Shear Technology(TM) (“UST”) platform and is designed to resolve one of the most critical problems facing CBD manufacturers today: the extremely poor water solubility of CBD Oil. “We are thrilled to be the first purchaser of the BaroShear K45 system,” Nano CBD Cosmetics LLC Founder Christopher Holden…

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