Breaks Categories: News

FridayJul 19, 2019 12:13 pm

CannabisNewsBreaks – CannabisNewsWire Summarizes Experience at MjMicro Conference

CannabisNewsWire (“CNW”), a multifaceted financial news and publishing company, this morning released an update summarizing the recent MjMicro Conference. CNW acted as the official newswire and media sponsor of the event which was held at the Westin Grand Central in New York City on June 25, 2019. Per the update, the investor conference was attended by exceptional presenting companies that were approved following a meticulous vetting process, ensuring an ideal environment for networking for all conference attendees. The news release also announced that the second annual MjMicro Conference is slated to take place on October 16 at the Sofitel Hotel…

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FridayJul 19, 2019 10:07 am

CannabisNewsBreaks – Youngevity International Inc.’s (NASDAQ: YGYI) Khrysos Industries Enters $19M CBD Water Soluble Isolate Supply and Processing Agreement

Youngevity International (NASDAQ: YGYI), a leading multi-channel lifestyle company, this morning announced entry of its wholly owned subsidiary, Khrysos Industries, into a one year supply and processing agreement to produce water soluble CBD Isolate, which contains no THC and is expected to generate revenues of $19 million. According to the update, shipping under the agreement is expected to begin in August 2019 and continue through July of 2020. Customary annual renewal clauses are also contained in the one-year agreement. “The commercial hemp industry is becoming aware of the capabilities and uniqueness of Khrysos Industries,” YGYI President and CFO Dave Briskie…

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ThursdayJul 18, 2019 11:00 am

CannabisNewsBreaks – Golden Developing Solutions, Inc. (DVLP) Posts Record Sales in Second Quarter

Emerging leader in the cannabis, hemp, and cannabidiol (“CBD”) marketplace Golden Developing Solutions (OTC: DVLP) this morning announced strong financial results for its second quarter, ended June 30, 2019. Per the update, the results reflect the company’s greatest amount in sales to date, with preliminary second quarter sales of $1,965,641. “According to the most recent ArcView Market Research report, the cannabis and CBD industries experienced significant growth in the first half of 2019, and it’s exciting that our second quarterly results reflect a similar growth trajectory,” DVLP CEO Stavros Triant stated in the news release. “We believe our diverse ecosystem…

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ThursdayJul 18, 2019 10:05 am

CannabisNewsBreaks – Marijuana Company of America Inc. (MCOA) Launches New CBD-Infused hempSMART(TM) Body Cream

Innovative hemp and cannabis corporation Marijuana Company of America (OTCQB: MCOA) today announced that its hempSMART(TM) brand has launched a new product called hempSMART Body Cream(TM). Per the update, the nourishing topical product is formulated with 300mg of organically grown, full spectrum, non-psychoactive cannabinoid (“CBD”), derived from industrial hemp, and a unique blend of synergistic Ayurvedic herbs and botanicals. “The new hempSMART Body Cream is a major advancement in the wellness arena,” Paula Vetter, holistic nurse practitioner, certified herbalist and chair of the hempSMART Medical Advisory Board said in the news release. “The cream is completely free of toxins that…

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ThursdayJul 18, 2019 9:56 am

CannabisNewsBreaks – Choom Holdings Inc. (CSE: CHOO) (OTCQB: CHOOF) Announces Opening of Branded Cannabis Retail Store in Lloydminster, Alberta

British Columbia-based fully-integrated cannabis company Choom Holdings (CSE: CHOO) (OTCQB: CHOOF) today announced that an Alberta provincially approved cannabis retail licensee is opening a cannabis retail store in Lloydminster, Alberta. According to the update, the new store will operate under the Choom brand and is scheduled to open on Saturday, July 20, 2019. “We've been anticipating the opening of this store in Lloydminster for quite some time and we're really excited to finally be able to share our unique retail experience with the local community,” Choom President and CEO Chris Bogart said in the news release. To view the full…

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ThursdayJul 18, 2019 9:28 am

CannabisNewsBreaks – Imaging3, Inc. (IGNG) Subsidiary Enters LOI with Dogwood Management Group, Inc.

Imaging3 (OTCQB: IGNG) today announced that its wholly owned subsidiary Grapefruit Boulevard Investments, Inc. has entered a letter of intent (‘LOI”) with Dogwood Management Group, Inc. Per the non-binding letter of intent dated June 12, 2019, the companies intend to have Grapefruit acquire and Dogwood manage licensed and fully compliant retail cannabis dispensaries throughout California that meet certain regulatory, operational and financial results requirements. Under the terms of the LOI, Dogwood will be primarily responsible for identifying and conducting due diligence on prospective acquisition candidates, while Grapefruit will be responsible for structuring the acquisition of any legal dispensary using cash,…

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WednesdayJul 17, 2019 11:47 am

CannabisNewsBreaks – Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) to Acquire Truverra in Preparation for Legalization 2.0 and Global Wellness Markets

Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) today announced its entry into a definitive agreement under which it will acquire all of the issued and outstanding shares of privately-held Truverra Inc. Per the update, the acquisition will be effected by way of a three-cornered amalgamation between Truverra, Supreme Cannabis and a wholly-owned subsidiary of Supreme Cannabis. The transaction is valued at 14.7 million common shares of Supreme Cannabis, with an approximate dollar value of $20,000,000 as of the company's closing price on July 16, 2019. “The recent introduction of Health Canada's amended cannabis regulations creates a distinct opportunity…

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WednesdayJul 17, 2019 11:01 am

CannabisNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) Launches New Look for Cannabis Infused Edibles Line

Plus Products (CSE: PLUS) (OTCQX: PLPRF), a leading cannabis branded products company in the U.S., this morning announced a new look for its line of low dose cannabis infused edibles. According to the update, market structure research from Henry J. Rak Associates guided the rebrand that was designed by Partners & Spade, an agency that has worked alongside brands including Peloton and Warby Parker. The new packaging and product system, which focuses on the science behind unique combinations of THC and CBD, intends to create the right mix of cannabinoids paired with a targeted flavor profile to provide consumers with…

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WednesdayJul 17, 2019 10:52 am

CannabisNewsBreaks – MustGrow Biologics Corp (CSE: MGRO) Appoints Senior Executive with Extensive Regulatory Prowess to Board of Directors

MustGrow Biologics (CSE: MGRO), an agricultural biotech company, this morning announced the appointment of Brian Quigley to its board of directors, subject to applicable regulatory approval. Quigley, a proven leader in navigating complex regulatory environments for novel and innovative products, brings to MustGrow a competitive strategic advantage with over 20 years of regulatory expertise, brand building, marketing and operations experience. Brian most recently spent 16 years at Altria Group, with seven of those as president and CEO for U.S. Smokeless Tobacco and Nu-Mark, Altria’s innovation company. “Brian brings extensive regulatory prowess, brand building and product innovation experience to MustGrow,” MGRO…

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WednesdayJul 17, 2019 10:20 am

CannabisNewsBreaks – Choom Holdings Inc. (CSE: CHOO) (OTCQB: CHOOF) Acquires Interest in Coastal Green Holdings; Extends Warrant Expiry Date

Choom Holdings (CSE: CHOO) (OTCQB: CHOOF), a fully integrated cannabis company, this morning announced that, upon conversion of the convertible debenture issued to Choom by Coastal Green Holdings Ltd., it will acquire a 19.9% equity interest in the British Columbia-based cannabis retailer. Choom's interest contains a variety of rights, including the right to acquire 100% of Coastal Green in certain circumstances and subject to regulatory restrictions. Coastal Green has applied to become an approved retailer through the British Columbia Liquor and Cannabis Regulation Branch (“LCRB”) with the intention of opening eight retail stores that would be mainly located on the…

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