Breaks Categories: News

FridayMay 17, 2019 10:03 am

CannabisNewsBreaks – The Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF) Announces Q1 2019 Financial and Operational Results

Canadian cannabis cultivation firm The Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF) this morning announced its financial and operational results for the first quarter ended March 31, 2019. Among the highlights, the company reported propagation of an additional four grow rooms and confirmed that construction of the Kelowna 1 purpose-built, indoor cultivation facility is on track for completion in the third quarter of 2019. “Our team in Kelowna is doing a tremendous job balancing our construction schedule, propagating and harvesting from rooms as they come online, and refining our cultivation process as we dial in our facility,” Flowr CEO Vinay Tolia…

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ThursdayMay 16, 2019 11:30 am

CannabisNewsBreaks – Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Enters Agreement to Acquire Blissco Cannabis Corp. (CSE: BLIS) (OTCQB: HSTRF) (FRA: GQ4B)

Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) this morning announced its entry into a definitive arrangement agreement with Blissco Cannabis Corp. (CSE: BLIS) (OTCQB: HSTRF) (FRA: GQ4B). Under the agreement, Supreme Cannabis will acquire all of the issued and outstanding common shares of Blissco, not already owned by Supreme Cannabis, by way of a court-approved plan of arrangement under the Business Corporations Act (British Columbia). The arrangement is an all-stock transaction with a total value of approximately C$48 million. “Blissco has built a distinct and authentic premium wellness brand. Through our strategic partnership and prior investment in the…

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ThursdayMay 16, 2019 10:16 am

CannabisNewsBreaks – TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) Enters LOI to Acquire SolDaze Cannabis Snack Line

TransCanna Holdings (CSE: TCAN) (FSE: TH8) this morning announced its entry into a non-binding Letter of Intent (“LOI”), dated May 15, 2019, with Tres Ojos Naturals, LLC d/b/a SolDaze, a limited liability company from Santa Cruz, California that produces cannabis-infused fruit snacks. Under the agreement, TransCanna will acquire the branding asset package, SolDaze. “Having reviewed over 100 branded products in California, we’ve been extremely selective in our acquisition vetting process,” TransCanna CEO Jim Pakulis said in the news release. “Our three mandatory acquisition criteria include SKU velocity, upward trending revenues, and products that differentiate themselves in the marketplace.  The snack…

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WednesdayMay 15, 2019 11:37 am

CannabisNewsBreaks – Canopy Rivers Inc. (TSX.V: RIV) (OTC: CNPOF) Makes Strategic and First AgTech Investment in BioLumic

Canopy Rivers (TSX.V: RIV) (OTC: CNPOF) today announced a strategic investment in BioLumic Ltd., creators of a sustainable ultraviolet (“UV”) crop yield enhancement system. Canopy Rivers' investment of $1.5 million marked its first investment in agri-technologies, specifically focused on the promising fields of plant physiology and UV photobiology. “Canopy Rivers' mission is to build and support a thriving global cannabis economy, and we are dedicated to identifying and investing in strategic technology players throughout the legal cannabis value chain,” Canopy Rivers Director, Business Development Mary Dimou said in the news release. “Led by an exceptional management team, BioLumic's groundbreaking, proprietary…

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WednesdayMay 15, 2019 11:25 am

CannabisNewsBreaks – Lexaria Bioscience Corp.’s (CSE: LXX) (OTCQX: LXRP) DehydraTECH Outperforms Conventional Industry Formulations in Animal Testing

Biotechnology company and drug delivery platform innovator Lexaria Bioscience (CSE: LXX) (OTCQX: LXRP) this morning announced that animal testing has proven that its DehydraTECH(TM) technology delivers cannabinoids to the bloodstream much more quickly and effectively than conventional industry formulations. According to the update, 10 male Sprague-Dawley rats were administered CBD at 25mg per kg of bodyweight in each arm of the Lexaria animal studies. Delivery of CBD into the bloodstream was monitored over a 60-minute duration and, at two minutes, 15 minutes, and 60 minutes, DehydraTECH's LCFA formulation delivered elevated levels of CBD in blood (showing measurable and 475% and…

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WednesdayMay 15, 2019 10:23 am

CannabisNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Releases Q1 Fiscal 2019 Financial and Operational Results

Cannabis-focused research and development company The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF) on Tuesday released its financial and operational results for the three months ended March 31, 2019. Among the highlights, the company is on-track with construction at Hamilton and Valleyfield sites, with Q1 investment totaling $46.9 million, an increase of $7.4 million compared to Q4 2018. In addition, TGOD achieved revenues of $2.4 million, primarily from HemPoland, reflecting a 28 percent increase over the prior quarter. “Q1 results are continued proof that we are delivering on our business plan with executional excellence,” TGOD CEO Brian Athaide commented…

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WednesdayMay 15, 2019 10:15 am

CannabisNewsBreaks – Cannabis Strategic Ventures Inc. (NUGS) Uplists to the OTCQB Venture Market

Cannabis Strategic Ventures (OTCQB: NUGS) this morning announced that it has been approved for trading on the OTCQB Venture Market, effective May 10, 2019. The company believes the OTCQB’s more stringent reporting standards will result in increased investor transparency and will help the company continue to build shareholder value. “The benefits of uplisting combined with our new initiatives demonstrate to our existing investors and the marketplace that Cannabis Strategic Ventures is on track for growth,” Cannabis Strategic Ventures CEO Simon Yu stated in the news release. “We have a clearly defined path for expansion, and we are diligently working to…

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WednesdayMay 15, 2019 9:57 am

CannabisNewsBreaks – Wildflower Brands Inc. (CSE: SUN) (OTCQB: WLDFF) Products Featured at CBD-Themed Baby Shower for Kim Kardashian

Wildflower Brands Inc. (CSE: SUN) (OTCQB: WLDFF) today announced that a variety of its CBD+ wellness products were featured at Kim Kardashian’s CBD-themed baby shower. According to the update, Kim Kardashian, awaiting the imminent arrival of her fourth child, threw the CBD-themed shower to enjoy some relaxation with her closest friends and family. HelloMD curated the CBD-based experience, which included a selection of Wildflower products such as Wildflower CBD+ Pure tincture infused teas and beverages, Wildflower’s CBD+ Aches blend Vaporizer and guest gifts that included Wildflower’s CBD+ Mist Starter Kit, featuring lavender and vanilla CBD soaps, CBD capsules, Cool Stick…

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TuesdayMay 14, 2019 12:47 pm

CannabisNewsBreaks – CannabisNewsWire Thrilled to Take Part in Highly Anticipated 2019 Cannabis Business Summit & Expo

Multifaceted financial news and publishing company CannabisNewsWire (“CNW”) will serve as the official newswire and gold sponsor for National Cannabis Industry Association’s (“NCIA”) 2019 Cannabis Business Summit & Expo. The event, expected to draw thousands of the cannabis industry’s best and brightest, is scheduled to take place at the San Jose McEnery Convention Center in San Jose, California from July 22 to 24, 2019. “The Cannabis Business Summit & Expo continues to foster remarkable opportunities for those involved in every facet of this growing, global industry,” CNW Director of Syndicated Communications Christopher Johnson said in the news release. “We are…

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TuesdayMay 14, 2019 11:10 am

CannabisNewsBreaks – Sugarmade Inc. (SGMD) Announces Corporate Initiative to Develop AI-Based Hemp Cultivation Monitoring Systems

Major supplier to the growing hydroponic cultivation sector Sugarmade (OTCQB: SGMD) this morning announced a new corporate initiative to develop cultivation monitoring systems for hemp and other agricultural commodities that will allow active monitoring of conditions in real time. Per the update, the Artificial Intelligence (“AI”) driven devices, placed at various field locations, will gather vital information about soil moisture, temperature, humidity, etc., linking the data back to central control systems. “Hemp is becoming one of the world's most valuable crops. Cultivators and investors are actively seeking ways to monitor the health of the crop to ensure maximum yields,” Sugarmade…

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