Breaks Categories: News

TuesdayJul 10, 2018 10:08 am

CannabisNewsBreaks – Sunniva Inc. (CSE: SNN) (OTCQX: SNNVF) Announces Plans to Spin Out and List Canadian Assets

Sunniva (CSE: SNN) (OTCQX: SNNVF), a vertically integrated cannabis company, this morning announced that it plans to spin out its Canadian assets into a separate Canadian entity and to apply to list the shares on the Toronto Stock Exchange (“TSX”) and the NASDAQ Stock Market (“NASDAQ”). Per the update, the purpose of the transaction is to attain the underlying value of Sunniva’s assets on both sides of the border. Upon completion of the spinout transaction, which is subject to various conditions such as shareholder and exchange approval, Canadian assets would include Sunniva Medical Inc. (“SMI”), which is currently building the…

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TuesdayJul 10, 2018 9:33 am

CannabisNewsBreaks – FinCanna Capital Corp. (CSE: CALI) (OTCQB: FNNZF) Executes Expanded Royalty Agreement with Refined Resin Technologies Inc.

FinCanna Capital Corp. (CSE: CALI) (OTCQB: FNNZF), a royalty company for the U.S. licensed medical cannabis industry, this morning announced that it has executed an expanded royalty agreement with Refined Resin Technologies Inc., formerly known as Gram Co Holdings LLC, of Oakland, California. Per the terms of the agreement, FinCanna will fund $3 million in tranches to complete the original royalty agreement transaction that was previously announced under a binding term sheet in February 2018. In return, the company will receive a tiered corporate royalty ranging from five to 14 percent of Refined Resin’s annual revenues, based upon predetermined benchmarks.…

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MondayJul 09, 2018 9:51 am

CannabisNewsBreaks – ChineseInvestors.com, Inc. (CIIX) Retains Law Firm; Aims to Open Bitcoin ATM Network in California

Premier financial information company ChineseInvestors.com, Inc. (OTCQB: CIIX) this morning announced that it has retained the law firm of CKR Law, LLP to assist the company in setting up its own Bitcoin ATM network in California. The company plans to launch the first machines in Chinese Communities in the Los Angeles area before expanding to serve other Chinese Communities throughout the United States. "With the regulatory world changing in the cryptocurrency sector, we feel that it is important to retain legal counsel with a proven track record in this industry to assist us in setting up our own Bitcoin ATM…

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MondayJul 09, 2018 9:50 am

CannabisNewsBreaks – Medical Cannabis Payment Solutions (REFG) Enters Agreement to Form Nation’s Largest Mobile Hemp CBD Processing Service

Cannabis-focused financial services company Medical Cannabis Payment Solutions (OTC: REFG) this morning announced that it has reached an agreement in principle that will result in the nation’s largest mobile hemp CBD processing service. Per the update, the agreement, made with a subsidiary of Paper Lantern, LLC, will be finalized shortly. Through this agreement, Medical Cannabis Payment Solutions will acquire the rights to deploy groundbreaking mobile hemp CBD extraction labs, which it intends to utilize at hemp farms owned and operated by REFG, as well as those that have entered into processing agreements with the company. “Our mobile extraction partnership is…

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MondayJul 09, 2018 9:18 am

CannabisNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTC: TGODF) Posts Letter to Shareholders

Cannabis-focused research and development company The Green Organic Dutchman Holdings (TSX: TGOD) (OTC: TGODF) this morning issued a letter to shareholders detailing the company’s vision under its new CEO, Brian Athaide. Among other highlights, the release discussed the company’s recent activities including the company’s retail first approach, strategic hires, expansion, exclusive licensing deals, entrance into international markets and TGOD’s organic differentiation. As an organic cannabis brand, the company remains committed to sustainability and reducing its carbon footprint by developing some of the most advanced, automated hybrid facilities in existence, helping produce the highest quality cannabis for the lowest cost. Per…

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ThursdayJul 05, 2018 12:32 pm

CannabisNewsBreaks – Earth Science Tech, Inc. (ETST) Selects Hygee as Brand Name of MSN-2 Medical Device

Earth Science Tech (OTC: ETST), an innovative biotech company focused on the cannabidiol (“CBD”), nutraceutical and pharmaceutical fields, this morning announced the brand name of its innovative MSN-2 medical device, a leading-edge STI self-sampling kit for women. To reflect the product’s dedication to women’s health, ETST has chosen the name Hygee, which is the French name for the Goddess of Health and the word for “hygiene” in Greek mythology. A pre-launch clinical study is currently being conducted in Québec, Canada with Clinique Santé Amitié in preparation for Hygee’s market introduction. “We are very pleased with the work that Absolu has…

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ThursdayJul 05, 2018 9:18 am

CannabisNewsBreaks – ABcann Global Corp. (TSX.V: ABCN) (OTCQB: ABCCF) Secures Agreement to Supply the Alberta Retail Cannabis Market

Globally licensed cannabis company ABcann Global Corp. (TSX.V: ABCN) (OTCQB: ABCCF) this morning announced that it has completed an agreement with the Alberta Gaming, Liquor & Cannabis Commission (“AGLC”) to supply the province with high-quality cannabis products. Per the terms of the agreement, the company will supply the Alberta market with cannabis to meet demand in the adult-use recreational cannabis market scheduled to commence on October 17, 2018. "Signing the supply agreement with ABcann will enable the AGLC to ensure that adult-use customers in Alberta will have access to ABcann’s premium branded cannabis products,'' ABcann Global CEO Barry Fishman stated…

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MondayJul 02, 2018 9:30 am

CannabisNewsBreaks – EVIO, Inc. (EVIO) Files Preliminary Non-Offering Prospectus with the Ontario Securities Commission

EVIO, Inc. (OTCQB: EVIO), a leading provider of cannabis testing and scientific research for the regulated cannabis industry, this morning announced that it has filed and obtained a receipt for its preliminary non-offering prospectus with the Ontario Securities Commission. Notably, this filing is required for EVIO to qualify in becoming a reporting issuer in Ontario, Canada. After the Ontario Securities Commission has completed its review and provided comments on the preliminary prospectus, EVIO is expected to proceed with filing its non-offering (final) prospectus with the commission. Per the update, when the company receives final receipt for this filing, it intends…

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MondayJul 02, 2018 9:24 am

CannabisNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTC: TGODF) Names New CEO, Interim CFO

Cannabis-focused research and development company The Green Organic Dutchman Holdings (TSX: TGOD) (OTC: TGODF) this morning announced the resignation of CEO, Co-Chairman & Director, Robert Anderson, effective immediately, due to health concerns. The board has appointed the company’s current CFO, Brian Athaide, as CEO to ensure a well-ordered transition and continued execution of the company’s business strategy. The board appointed VP of Finance, Julia Golubovskaya, as interim CFO. Jeff Scott, presently actitng as Co-Chair, will undertake the role of Chairman of the Board. “I feel privileged to take on this new role as CEO and ensure the company delivers on…

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FridayJun 29, 2018 12:40 pm

CannabisNewsBreaks – PreveCeutical Medical Inc. (CSE: PREV) (OTCQB: PRVCF) (FSE: 18H) Closes Oversubscribed Private Placement

Health sciences company PreveCeutical Medical Inc. (CSE: PREV) (OTCQB: PRVCF) (FSE: 18H) this morning announced the closing of its oversubscribed non-brokered private placement financing, which was previously detailed on April 9, 2018. Per the update, a total of 130,779,750 units were issued under the financing at a price of $0.05 per unit for total gross proceeds of more than $6.5 million. “I am very pleased to announce this oversubscribed placement due to investor demand in our financing and see this as a strong endorsement of the quality of our research programs and management team,” Stephen Van Deventer, chairman, CEO and…

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