Breaks Categories: News

WednesdayJul 24, 2019 9:28 am

CannabisNewsBreaks – IONIC Brands Corp. (CSE: IONC) (OTC: IONKF) (FRA: IB3) Finalizes Acquisition of Zoots Premium Cannabis Infused Edibles

IONIC Brands (CSE: IONC) (OTC: IONKF) (FRA: IB3) this morning announced the successful completion of its acquisition of Washington-based Natural Extractions, Inc. d/b/a Zoots Premium Cannabis Infused Edibles. The total consideration for the purchase of Zoots is approximately US $11 million, comprised of US $855,000 cash and issuance of 9,635,150 common shares at C$1.30 per share to the vendors of Zoots, and the assumption of US $606,420 in outstanding debt. Additionally, the vendors have agreed to a lock-up agreement whereby up to 70% of the consideration shares are released over nine months. IONIC will also issue to the shareholders of…

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TuesdayJul 23, 2019 9:40 am

CannabisNewsBreaks – Marijuana Company of America Inc. (MCOA) Announces Prelaunch of Viva Buds Inc.

Marijuana Company of America (OTCQB: MCOA), an innovative hemp and cannabis corporation, this morning announced the prelaunch of cannabis delivery service Viva Buds Inc. in the San Fernando Valley in Los Angeles, California, with sign-ups now available on its website. MCOA and Natural Plant Extracts of California (“NPE”) established a joint venture (“JV”) in March to form Viva Buds, sharing the net profits on a 50-50 basis. NPE is responsible for managing all operations relating to distribution, manufacturing and delivery of cannabis products, and MCOA will provide capital, consulting and marketing services. The staff and marketing team of Viva Buds…

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MondayJul 22, 2019 10:31 am

CannabisNewsBreaks – Chemistree Technology Inc. (CSE: CHM) (OTCQB: CHMJF) Completes Investment in Applied Cannabis Sciences of New Jersey

Chemistree Technology Inc. (CSE: CHM) (OTCQB: CHMJF) this morning announced that, through a wholly owned U.S. subsidiary, it has finalized its investment into Applied Cannabis Sciences of New Jersey ("ACS"). The investment was previously announced in an April 15, 2019, press release as a letter of intent. According to the update, ACS will submit its application in the upcoming New Jersey round of Request for Applications (“RFA”), through which the state will issue 24 new permits comprising of 15 dispensary permits, 5 cultivation permits and 4 vertically integrated permits. "Completing this investment with ACS and being on the ground floor…

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MondayJul 22, 2019 9:40 am

CannabisNewsBreaks – Canopy Rivers Inc. (TSX.V: RIV) (OTC: CNPOF) Announces PharmHouse JV’s Receipt of Health Canada Cultivation License

Canopy Rivers Inc. (TSX.V: RIV) (OTC: CNPOF) this morning announced that PharmHouse Inc., its 49 percent-owned joint venture, has received a cultivation license from Health Canada. According to the update, PharmHouse will immediately commence operations in 190,000 sq. ft of licensed nursery infrastructure. In addition, the company plans to ramp up its entire 1.3 million sq. ft of ultramodern greenhouse space before the end of 2019 to deliver low-cost and high-quality cannabis and cannabis derivative products, both domestically and internationally, for Canopy Rivers’ ecosystem of partners. "This is a significant corporate milestone for Canopy Rivers. We believe the PharmHouse platform…

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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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