News Archives - Page 284 of 310

MondayJan 08, 2018 11:04 am

CannabisNewsBreaks – Medical Cannabis Payment Solutions (REFG) Issues Response following Attorney General’s Decision to Rescind Cole Memo

Cannabis-focused financial services company Medical Cannabis Payment Solutions (OTC: REFG) this morning issued a response to Attorney General Jeff Sessions’ decision to rescind the Cole Memo and other internal enforcement guidelines from the Obama Administration that deprioritized enforcement of federal marijuana prohibition against individuals and businesses complying with state laws regarding marijuana. “Our company relied on the Cole Memo and the supplementary Treasury Department guidance in our company’s business strategy,” Jeremy Roberts, CEO of Medical Cannabis Payment Solutions, stated in the news release. “We also rely on the protections of the Rohrabacher-Farr Amendment. We believe that while the Cole Memo…

FridayJan 05, 2018 10:19 am

CannabisNewsBreaks – ABcann Global Corp. (TSX.V: ABCN) (OTCQB: ABCCF) Names New Chief Marketing Officer

ABcann Global Corp. (TSX.V: ABCN) (OTCQB: ABCCF) this morning announced its appointment of Sung Kang as its new chief marketing officer, effective January 8, 2018. Kang brings more than 17 years of marketing experience to the ABcann team, having previously served as the head of marketing for the Mike’s Beverage Company, Canada’s leading ready-to-drink and cider business. “Sung is a great addition to the leadership team,” Barry Fishman, CEO of ABcann, stated in the news release. “We believe his marketing expertise combined with his experience in the alcohol and consumer health industries will prove invaluable to ABcann’s future growth. He…

ThursdayJan 04, 2018 12:48 pm

CannabisNewsBreaks – Medical Cannabis Payment Solutions (REFG) Launches Cure for Cannabis Industry’s Banking Blues

Cannabis-focused financial services company Medical Cannabis Payment Solutions (OTC: REFG) this morning announced the launch of Green, its best-in-class payment system for state-sanctioned cannabis. Previously called StateSourced, Green allows state-licensed cannabis establishments to electronically transact payments and complete sales with just a few clicks. “What we’re launching is the very literal cure for the banking nightmare cannabis establishments face,” Jeremy Roberts, CEO of Medical Cannabis Payment Solutions, stated in the news release. “This checks every box, from regulatory compliance, security, affordability, ease of use, integration—you name it, we’ve responded… This doesn’t function like a merchant account, it is one. And…

ThursdayJan 04, 2018 11:35 am

CannabisNewsBreaks – Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) Begins Trading on OTCQX Best Market

OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, this morning announced that Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP), a biosciences company that has developed delivery technologies to improve absorption of bioactive compounds, has qualified to trade on the OTCQX® Best Market. Subsequently, Lexaria has upgraded from the OTCQB® Venture Market, beginning today. “Lexaria has made notable progress over the past twelve months in all aspects of its business, and will receive even more recognition by upgrading to OTCQX,” Chris Bunka, chief executive officer of Lexaria, stated in the news release. “Lexaria…

WednesdayJan 03, 2018 12:50 pm

CannabisNewsBreaks – Grey Cloak Tech, Inc. (GRCK) Launches CBD.co

Grey Cloak Tech, Inc. (OTCQB: GRCK) this morning announced the launch of CBD.co, a cannabinoid marketplace featuring a range of suppliers and products. The company expects CBD.co to become the definitive destination on the web for all things hemp and CBD, as noted by CEO Patrick Stiles in the news release. “The big online advertising companies like Amazon, Google and Facebook mostly refuse to allow CBD products on their platforms. This ultimately hurts consumers who are looking for reliable CBD products from brands they can trust,” Stiles added. “Additionally, countless CBD companies struggle every day to get their products in…

WednesdayJan 03, 2018 12:23 pm

CannabisNewsBreaks – Marijuana Company of America, Inc. (MCOA) Releases 2017 Year-End Review

Marijuana Company of America, Inc. (OTC: MCOA) this morning announced its 2017 year-end review, providing updates on some of its most significant milestones from last year. These included becoming a fully reporting company by filing a Form 10 with the SEC in May; entering into joint venture partnerships with Bougainville Ventures, Inc. and Global Hemp Group, Inc.; acquiring an equity position in MoneyTrac Technology, Inc. and Convenient Hemp Mart’s ‘BeniHemp’ brand; and expanding its corporate communications capabilities by engaging multifaceted financial news and publishing firm NetworkNewsWire. “I am thankful to the teams at MCOA and hempSMART for their accomplishments and…

WednesdayJan 03, 2018 11:13 am

CannabisNewsBreaks – EVIO, Inc. (EVIO) Appoints New President

EVIO, Inc. (OTCQB: EVIO), a life sciences company and leading provider of quality control testing and advisory services to the regulated cannabis industry, this morning announced the appointment of Al Lustig as its new president. Reporting directly to EVIO CEO William Waldrop, Lustig’s primary responsibility in this position will be to drive the company’s growth in both new and existing markets by developing and executing national and international sales and operational strategies. “As we embark upon our next stage of rapid growth, Al’s history of recognized success in corporate growth and sales leadership at Pfizer, one of the world’s largest…

WednesdayJan 03, 2018 10:40 am

CannabisNewsBreaks – Global Payout, Inc. (GOHE) Subsidiary Appoints New CEO

Payment solutions company Global Payout, Inc. (OTC: GOHE), through majority-owned subsidiary MoneyTrac Technology, Inc. (“MTRAC”), this morning announced the promotion of Vanessa Luna to the position of chief executive officer, effective January 1, 2018. Luna previously served as MTRAC’s COO for nine months, playing a key role in positioning the company for its anticipated expansion within the booming cannabis industry. “I mentioned in the 2017 year-end review that was distributed last week that MoneyTrac is very much on the verge of significant growth from a revenue perspective,” James Hancock, MTRAC’s chairman of the board, stated in the news release. “This…

WednesdayJan 03, 2018 9:43 am

CannabisNewsBreaks – PotNetwork Holding, Inc. (POTN) Recaps 2017 Successes in Update

PotNetwork Holding, Inc. (OTC: POTN) this morning shared its outlook on what it called a “solid year of record breaking success” in 2017. Per the news release, the company’s management team has established “a solid infrastructure for success” since acquiring First Capital Venture Co. and Diamond CBD. Highlights related to these corporate milestones include strengthening the company’s value and achieving share appreciation from $0.01 in January 2017 to $0.10 in December 2017. PotNetwork also established an esteemed advisory board to aid in the research and development of new products, brought on a distinguished Florida physician as its chief executive officer…

TuesdayJan 02, 2018 12:05 pm

CannabisNewsBreaks – EVIO, Inc. (EVIO) Acquires Stake in C3 Labs, LLC

EVIO, Inc. (OTCQB: EVIO), a life sciences company and leading provider of quality control testing and advisory services to the regulated cannabis industry, this morning announced that it has completed the acquisition of 60 percent of C3 Labs, LLC, one of the nation’s first cannabis-focused contract research organizations. EVIO also maintains the option to purchase the remaining ownership stake in C3 Labs for an initial period of three years, subject to C3 member approval. “The addition of C3 Labs to the EVIO network is a tremendous milestone for EVIO Inc.,” William Waldrop, CEO of EVIO, stated in the news release.…