Breaks Categories: News

TuesdayJun 18, 2019 12:45 pm

CannabisNewsBreaks – Geyser Brands Inc.’s (TSX.V: GYSR) Apothecary Botanicals Awarded Processing License

Geyser Brands (TSX.V: GYSR) today announced receipt of a coveted Health Canada Standard Processing License by its wholly owned Licensed Producer, 0957102 B.C. Ltd. dba Apothecary Botanicals. According to the update, the license will enable expansion of the company’s long term vision and commencement of the manufacturing of premier products, including tinctures and supplements. “This is a huge milestone for Geyser Brands and something that we have been working towards for many months,” GYSR CEO Andreas Thatcher said in the news release. “The license allows us to add value to existing consumer healthcare brands by providing them the platform to…

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TuesdayJun 18, 2019 11:42 am

CannabisNewsBreaks – Marijuana Company of America Inc. (MCOA) and JV Partner Announce Start of Commercial Planting at Scio, Oregon Hemp Farm

Innovative hemp and cannabis corporation Marijuana Company of America (OTCQB: MCOA), together with joint venture partner Global Hemp Group (CSE: GHG) (OTC: GBHPF) (FRA: GHG), this morning announced the start of commercial planting at its Scio, Oregon hemp farm. Per the update, the farm, operating under the name Covered Bridge Acres Ltd. (“CBA”), has prepared the 35-acre property for planting and is now in the process of laying the last of the mulch and drip line and obtaining organic certification. This year’s hemp plants were produced from either sprouted seed or through CBA’s onsite cloning operation, and have higher quality…

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TuesdayJun 18, 2019 10:39 am

CannabisNewsBreaks – VPR Brands LP (VPRB) Releases Voter’s Guide to 2020 U.S. Presidential Candidates on Cannabis Issues

Innovative technology holding company VPR Brands LP (OTC: VPRB) today announced the availability of its Voter’s Guide to 2020 U.S. Presidential Candidates on Cannabis Issues. According to the update, with candidates of the next U.S. presidential election taking controversial public positions on cannabis issues, VPR Brands has sponsored the guide to provide an in-depth look at each candidate’s stance on cannabis. “The time has come to elect a president who’ll establish a nationwide standard for cannabis as a legal substance, distributed through a regulated industry with access to capital markets, with pardons and reparations considered for those who found themselves…

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TuesdayJun 18, 2019 10:29 am

CannabisNewsBreaks – Organigram Holdings Inc. (TSX.V: OGI) (NASDAQ: OGI) Enters Exclusive Agreement with Cannabis Innovator Feather Company Ltd.

Organigram Holdings (TSX.V: OGI) (NASDAQ: OGI) today announced its entry into an exclusive agreement with Feather Company Ltd., a cannabis innovator and lifestyle brand committed to the production of premium-quality products that enhance the cannabis experience for customers. Per the update, Organigram, through the Edison Cannabis Co. brand, has an exclusive license to Feather's proprietary vaporizer pen technology and form factor, and the relationship will also allow Organigram to commercially represent Feather across Canada. “A successful recreational cannabis market requires that licensed producers and their partners continually reimagine the cannabis experience,” Organigram Senior Vice President, Marketing and Communications Ray Gracewood…

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TuesdayJun 18, 2019 9:41 am

CannabisNewsBreaks – The Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF) Receives Loan Commitment for $50M Senior Secured Credit Facilities

Canadian cannabis cultivation firm the Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF) on Monday announced its receipt of a loan commitment from an ATB Financial (“ATB”) syndicate of lenders as lead arranger and administrative agent for up to $50,000,000 of committed senior secured credit facilities. According to the update, Flowr will be permitted to use a recapitalization term facility and a revolving operating credit facility for general working capital purposes, as well as a development facility for the development of its Kelowna 1 Facility, Kelowna 2 Facility and Flowr Forest. The ATB Credit Facilities will have a maturity day of three…

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TuesdayJun 18, 2019 9:30 am

CannabisNewsBreaks – TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) Hires General Manager for Stanislaus County Cannabis Facility

TransCanna Holdings (CSE: TCAN) (FSE: TH8) this morning announced that it has hired Alan R. Applonie as general manager of its recently acquired 196,000-square-foot vertically integrated cannabis-focused facility in Stanislaus County, CA. Applonie will be responsible for all activities in the manufacturing operations of the facility, as well as other facilities and operations TransCanna may acquire in the area. “I've spent over six months interviewing for top-tier talent to oversee our operations and I firmly believe Alan is that person. Alan's most recent position was for a multi-billion-dollar enterprise in which his division regularly produced greater than $300 million in…

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MondayJun 17, 2019 10:08 am

CannabisNewsBreaks – Wildflower Brands Inc. (CSE: SUN) (OTCQB: WLDFF) Expands Nationwide Retail Presence with Dillard’s Launch

Wildflower Brands Inc. (CSE: SUN) (OTCQB: WLDFF) this morning announced its receipt and fulfillment of an opening purchase order from Dillard’s department stores that will place Wildflower wellness products in Dillard’s stores across the United States. Per the update, the company’s premium hemp CBD infused products can now be seen throughout 292 Dillard’s locations across the U.S., and Wildflower has already received and is in the process of fulfilling subsequent purchase orders from the department store chain. “Launching into Dillard’s will double the number of retail locations we are in overnight,” Wildflower CEO William Maclean said in the news release.…

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MondayJun 17, 2019 9:54 am

CannabisNewsBreaks – Golden Developing Solutions Inc. (DVLP) Highlights Near 160% Annualized Sequential Monthly Sales Growth

Emerging leader in the cannabis, hemp and cannabidiol (CBD) marketplace Golden Developing Solutions Inc. (OTC: DVLP) this morning issued an update highlighting its latest financial data as its growth rate continues to accelerate following key strategic moves, including the acquisition of Infusionz LLC (“CBD Infusionz”) and expansion of its production capacity. According to the update, the company, in combined terms, booked over $629,000 in monthly sales in May alone, with an annualized sequential monthly sales growth rate of nearly 160 percent. “As we projected, topline performance is accelerating across all metrics following our recent investments,” DVLP CEO Stavros Triant stated…

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MondayJun 17, 2019 9:41 am

CannabisNewsBreaks – Choom Holdings Inc.’s (CSE: CHOO) (OTCQB: CHOOF) Flagship Niagara Falls Cannabis Store Surpasses $49,000 in Opening Day Sales

British Columbia-based fully-integrated cannabis company Choom Holdings Inc. (CSE: CHOO) (OTCQB: CHOOF) today announced that Choom Niagara, the first legal adult use cannabis store to operate in Niagara Falls, Ontario, produced over $49,000 in sales on its opening day. "We are really happy with the turnout we had for Choom Niagara's opening day," Choom President and CEO Chris Bogart said in the news release. "We've had a lot of support from the local community, and we're excited to bring Choom to Niagara Falls. The feedback from our customers has been fantastic, and that is a testament to our dedicated staff…

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MondayJun 17, 2019 9:30 am

CannabisNewsBreaks – Youngevity International Inc. (NASDAQ: YGYI) Subsidiary Secures Supply Contract with Magu Maiden Farms LLC

Youngevity International Inc. (NASDAQ: YGYI), a leading multi-channel lifestyle company, this morning announced that its wholly owned subsidiary, Khrysos Industries Inc., has entered into a five-year supply contract with Magu Maiden Farms LLC. Per the update, the contract calls for Khrysos to provide extraction services and end-to-end processing to produce isolate, water soluble isolate, distillate and water-soluble distillate hemp derived products. Khrysos expects production related to this agreement to begin in the fourth quarter of 2019, with annual revenue potential forecast at $12 million, based on current market conditions. “We are excited to add this new long-term contract to our…

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