Breaks Categories: News

FridayFeb 23, 2018 10:29 am

CannabisNewsBreaks – Veritas Pharma Inc. (CSE: VRT) (OTC: VRTHF) (FRT: 2VP) Signs Agreement to Acquire Sechelt Organic Marijuana Corp.

Veritas Pharma (CSE: VRT) (OTC: VRTHF) (FRT: 2VP), a pharmaceutical and IP development firm, this morning announced that it has signed an agreement with 906474 ALBERTA LTD (“the vender”), to purchase 100% ownership of Sechelt Organic Marijuana Corp (“SOM”). Under the agreement, Veritas Pharma will purchase all outstanding shares of SOM at a price of $800,000, subject to provisions of the closing agreement. The agreement requires the vender and SOM to give Veritas Pharma unlimited access to the operations, assets, properties, and records of SOM to help it familiarize with the operations, assets, records, properties and other matters on continuous…

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FridayFeb 23, 2018 9:28 am

CannabisNewsBreaks – Pivot Pharmaceuticals Inc. (CSE: PVOT) (OTCQB: PVOTF) Enters LOI Detailing Proposed Acquisition of Agro-Biotech Inc.

Vancouver-based biopharmaceutical company Pivot Pharmaceuticals Inc. (CSE: PVOT) (OTCQB: PVOTF) yesterday announced its entry into a non-binding letter of intent pursuant to which it proposes to acquire Agro-Biotech Inc., a Health Canada ACMPR licensed producer located in Saint-Eustache, Quebec. Upon completion of the proposed transaction, which is expected to occur by April 15, 2018, Agro-Biotech will continue to operate on a standalone basis. “With this acquisition, we are well positioned to enter the Québec cannabis market and attract experienced scientists to our organization. Pivot will seek to expand its footprint in the province beginning immediately following financing activities which are…

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ThursdayFeb 22, 2018 10:38 am

CannabisNewsBreaks – Global Payout, Inc.’s (GOHE) MTRAC Subsidiary CEO Defers Salary to Accelerate Growth

Global Payout (OTC: GOHE) this morning announced that the CEO of MoneyTrac Technology, Inc. (“MTRAC”), its wholly-owned subsidiary, has voluntarily suspended her salary commencing March 1, 2018. Vanessa Luna, MTRAC CEO, made the move in a bid to boost the company’s current mission and vision, which is to utilize the mélange of strategic partnerships it closed towards the end of 2017 and early this year to make MTRAC profitable. The indefinite suspension of Vanessa’s salary will offer the company additional resources that can be allocated to current projects such as the MTRAC-Token. Currently, there are a lot of difficulties in…

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ThursdayFeb 22, 2018 10:26 am

CannabisNewsBreaks – Liberty Leaf Holdings Ltd. (CSE: LIB) (OTCQB: LIBFF) (FSE: HN3P) and Blox Labs Inc. (CSE: BLOX) (OTC: BLLXF) (Frankfurt: BR1B) Provide Update on cannaBLOX Development

Liberty Leaf Holdings Ltd. (CSE: LIB) (OTCQB: LIBFF) (FSE: HN3P) together with Blox Labs Inc. (CSE: BLOX) (OTC: BLLXF) (Frankfurt: BR1B) provided an update this morning regarding the initial phase 1 development of "cannaBLOX". The two companies have partnered together to develop the blockchain-based smart contract supply chain management platform for the legalized cannabis industry. Among other highlights, the update states that BLOX has completed the initial framework and analysis required for cannaBLOX Whitepaper and is working towards completion. Additionally, a satellite development team that is specialized in blockchain and decentralized application technologies has been formed in Eastern Europe. Liberty…

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ThursdayFeb 22, 2018 10:15 am

CannabisNewsBreaks – PotNetwork Holding, Inc. (POTN) Subsidiary Reports $756,000 in Sales for First 10 Days of February

PotNetwork Holding, Inc. (OTC: POTN), through wholly-owned subsidiary Diamond CBD, Inc., this morning reported revenues of more than $750,000 for the first 10 days of February. This figure marks a year-over-year increase of 363 percent for the 10-day period and continues to build on the company’s strong upward trend. PotNetwork attributes this sustained performance to its advancement on multiple levels, including expansion of its product lines, enhancement of its corporate strategies and continued strengthening of momentum in support of the company’s establishment of consistent, record-breaking trends. To view the full press release, visit http://cnw.fm/Qb7L2 About PotNetwork Holding, Inc. PotNetwork Holding,…

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WednesdayFeb 21, 2018 9:35 am

CannabisNewsBreaks – SinglePoint, Inc. (SING) Inks LOI with ORHub, Inc. (ORHB) to Launch Healthcare Blockchain Platform

Specialized holding company SinglePoint, Inc. (OTCQB: SING) this morning said that it has signed a Letter of Intent (“LOI”) with ORHub, Inc. (OTC: ORHB) to develop a blockchain services platform for health care applications. Per the agreement, ORhub will engage SinglePoint for up to $750,000 in initial development costs. “With the commitment from ORHub to fund the project, we are in a strong position to design, develop and execute on the solution. As part of this collaboration and broader corporate initiatives in the blockchain market, we are aggressively establishing working relationships with key blockchain engineers,” SinglePoint President Wil Ralston stated…

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WednesdayFeb 21, 2018 9:28 am

CannabisNewsBreaks – Veritas Pharma Inc. (CSE: VRT) (OTC: VRTHF) (FRT: 2VP) Issues Corporate Update Detailing Q1 2018 Milestones

Emerging-stage pharmaceutical and IP development company Veritas Pharma Inc. (CSE: VRT) (OTC: VRTHF) (FRT: 2VP) this morning issued an official corporate update on its achievements, related scientific activities and growth strategies for the first quarter of fiscal 2018. Highlights include the company’s ongoing search for prospective office and research lab space on the campus of the University of British Columbia, its subsidiary’s progress toward the commencement of human trials in Puerto Rico studying lead cannabis strain CTL-X for pain management, its reception of a Health Canada dealer license through subsidiary Cannevert Therapeutics Ltd. (“CTL”) and CTL’s initiation of a cancer…

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TuesdayFeb 20, 2018 11:56 am

CannabisNewsBreaks – Global Payout, Inc. (GOHE) MTRAC Subsidiary Names New Director of Business Development

Global Payout, Inc. (OTC: GOHE) this morning announced that its Money Trac Technology, Inc. ("MTRAC") subsidiary has appointed Jason Leblanc as its new Director of Business Development to help MTRAC manage its growth in the already successful and industrious 2018. Leblanc holds a Bachelor of Science in business finance and has 13 years of experience working as the regional director for First Legal Network, a multi-million firm with presence across western US. “I am ecstatic to welcome LeBlanc to MTRAC. I have worked with him in the past, and I know he possesses a wealth of skills and resources that…

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TuesdayFeb 20, 2018 11:08 am

CannabisNewsBreaks – PotNetwork Holding, Inc. (POTN) Subsidiary Presenting at CHAMPS Trade Show

PotNetwork Holding, Inc. (OTC: POTN), through wholly-owned subsidiary Diamond CBD, Inc., this morning announced that it is exhibiting its 2018 product line at the 37th CHAMPS Trade Show taking place at the Las Vegas Convention Center from February 19-21. CHAMPS Trade Shows are widely recognized among the largest and most trusted international counter-culture trade shows in the world. Diamond CBD’s exhibit is located at booth 2249 and includes information on its recently-unveiled Meds BioTech product line. Per the update, past CHAMPS trade shows have been “highly successful” for Diamond CBD in terms of generating both publicity and sales. To view…

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TuesdayFeb 20, 2018 9:56 am

CannabisNewsBreaks – Marijuana Company of America, Inc. (MCOA) Expands hempSMART™ Line with Full Spectrum Pet Drops

Innovative hemp and cannabis corporation Marijuana Company of America (OTC: MCOA) this morning announced the release of hempSMART™ Full Spectrum Pet Drops, a natural product line formulated with 250mg of full spectrum non-psychoactive cannabidiol (“CBD”) derived from industrial hemp. Per the update, in addition to naturally-occurring CBD, the specially-formulated product contains full spectrum hemp extract, fractionated coconut oil and a rich bacon flavor. “Our new hempSMART product is a natural option for pet owners who care about supporting their animals’ healthy energy levels as well as optimizing their health,” Donald Steinberg, CEO of MCOA, stated in the news release. “Our…

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