Breaks Categories: News

FridayDec 01, 2017 11:41 am

CannabisNewsBreaks – ABcann Global Corp. (TSX.V: ABCN) (OTCQB: ABCCF) Posts Q3 Results, Operational Update

Abcann Global Corp. (TSX.V: ABCN) (OTCQB: ABCCF) recently released financial results for the three and nine months ended September 30, 2017. Among other highlights from the third quarter, the company reported $43.4 million in cash, cash equivalents and marketable securities which provides a strong position for expansion plans for its high-tech Vanluven facility. Abcann also reported revenues of $614,000 for the nine months ended September 30, 2017, a considerable increase compared to $211,00 during the same period in 2016. Additionally, the company provided an update on operations, including the company’s strategy moving forward. “ABcann’s vision is to create a successful…

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FridayDec 01, 2017 10:46 am

CannabisNewsBreaks – Lexaria Bioscience Corp. (CSE: LXX) (OTCQB: LXRP) Announces Stock, Option and Warrant Transactions

Lexaria Bioscience (CSE: LXX) (OTCQB: LXRP), a biosciences company that has developed delivery technologies to improve absorption of bioactive compounds, this morning announced various stock, option and warrant transactions. The news release states, “Following issuance of these common shares, Lexaria will have 69,674,919 common shares issued and outstanding. No commissions or placement fees have been paid related to the funds received from these warrants exercised. Proceeds will be used for general corporate purposes.” No shares were sold or registered in the United States. In addition, John Docherty, President of Lexaria Bioscience Corp., recently issued a clip discussing the company's technology…

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ThursdayNov 30, 2017 11:36 am

CannabisNewsBreaks – Marijuana Company of America, Inc. (MCOA) to Release Benihemp Convenience Brand in Partnership with HoneyB Healthy Living

Marijuana Company of America (OTC: MCOA) this morning said it has partnered with HoneyB Healthy Living to launch a convenience store-friendly product under the “BeniHemp” brand for cannabis topicals, tinctures, and edibles. “The BeniHemp model is attractive to convenience store operators, who understand the value of selling sample sized packages of CBD products that will ultimately generate online sales for monthly orders where they can generate revenues from sales they never see or have to manage. We believe this is an attractive model for small retail business owners looking for every opportunity to tap into the rapidly emerging CBD market…

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ThursdayNov 30, 2017 11:14 am

CannabisNewsBreaks – Global Payout, Inc. (GOHE) Subsidiary Collaborates with PotSaver to Create Networking and Marketing Resource for Cannabis Industry

Global Payout (OTC: GOHE) this morning said its MoneyTrac Technology subsidiary is working with its PotSaver brand to launch a publication called “PotSaver Biz” to support connectivity between the varied businesses operating in the emerging cannabis industry. “One of our biggest takeaways from attending the MJBizCon was how much better the cannabis industry can be connected from a business perspective through a publication such as PotSaver Biz. This publication will provide many of these owners, who are operating virtually every type of business in the industry, from lighting equipment to security services, an effective platform to market their products and…

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WednesdayNov 29, 2017 10:32 am

CannabisNewsBreaks – AppSwarm, Inc. (SWRM) and SinglePoint, Inc. (SING) Advance JV Through Developmental Phase; Prepare to Launch First App

Technology development company AppSwarm (OTC: SWRM) provided an update today regarding the company’s joint venture with specialized holding company SinglePoint (OTC: SING). The two companies have completed development plans for a shared roll-out of mobile applications that specifically target issues in the cannabis space and provide solutions through Blockchain technology and Bitcoin payment options. The applications will be marketed under SinglePoint’s SingleSeed subsidiary and AppSwarm will provide application development and technical support. The companies will split revenue from all products through the joint venture 50/50. The companies intend to launch the first application in January 2018. “This JV with SinglePoint…

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TuesdayNov 28, 2017 12:24 pm

CannabisNewsBreaks – PotNetwork Holding Inc. (POTN) to Reduce Issued and Outstanding Common Shares by More Than Half

Fort Lauderdale, Florida based holding company, PotNetwork Holding (OTC: POTN), today announced the retirement of 300,000,000 common shares held by principal shareholders. The reduction of over half the issued and outstanding common shares will be exchanged for non-trading preferred shares. This reduction will bring PotNetwork’s current issued and outstanding common shares of 569,920,485 down to a total of 269,920,485 issued and outstanding common shares. To view the full press release, visit http://cnw.fm/Q0oh0 About PotNetwork Holding, Inc. PotNetwork Holding, Inc. (OTC: POTN) is a publicly traded company that acts as a holding company for its subsidiaries including First Capital Venture Co.,…

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TuesdayNov 28, 2017 11:47 am

CannabisNewsBreaks – Grey Cloak Tech (GRCK) Names Chief Marketing Officer for New Website

Grey Cloak Tech Inc. (OTCQB: GRCK) this morning announced its hiring of Steve Goldberg to handle web traffic growth for the company’s new online site, CBD.co, bringing to bear years of experience with search engine optimization and conversion rate optimization. "I'm incredibly excited about this project. Initially I was looking at taking on CBD.co as a part time client, however after attending the MJ BizCon conference in Las Vegas with the Grey Cloak management team and seeing the success they had first hand, I immediately wanted to expand my role,” Goldberg stated in a news release about his new role.…

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TuesdayNov 28, 2017 10:16 am

CannabisNewsBreaks – Marijuana Company of America, Inc. (MCOA) Provides Update on Cultivation Facility Construction

Shares of Marijuana Company of America (OTC: MCOA) are up 4.81% after the company this morning said that its joint venture partner, Bougainville Ventures, Inc., has initiated construction on a 30,000 square foot cultivation facility in Washington state. The construction on the site that is intended to comprise of a total of six greenhouses is expected to be completed in February 2018. The delivery of the first pre-designed greenhouses stocked with full tracking and reporting protocols is expected to be completed this week. Additionally, MCOA has an option to purchase further adjoining acreage to expand in the area. "The attainable…

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TuesdayNov 28, 2017 9:33 am

CannabisNewsBreaks – Veritas Pharma Inc. (CSE: VRT) (OTC: VRTHF) (FRT: 2VP) Research Arm’s Patent Filing for Use of Specific Cannabis Strain Acknowledged by US Patent Office

Veritas Pharma (CSE: VRT) (OTC: VRTHF) (FRT: 2VP) today announced that its research arm, Cannevert Therapeutics Ltd. (“CTL”), received an acknowledgement letter with the filing number of US 62/558,021 from the US Patent and Trademark Office (“USPTO”) for the filing it made in September for use of a specific cannabis strain to enhance the actions of opioid analgesics.  Veritas CEO, Dr. Lui Franciosi commented, “We are pleased with Cannevert’s latest submission to protect its discovery of a cannabis strain that could potentially reduce the dose and side effects of clinically used opioids while maintaining a good pain relieving effect for…

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TuesdayNov 28, 2017 8:25 am

CannabisNewsBreaks – Global Payout, Inc.’s (GOHE) MTRAC Subsidiary Forms Key Partnership for Sales and Marketing Support

Global Payout (OTC: GOHE) announced today that its majority-owned subsidiary, MoneyTrac Technology, Inc. ("MTRAC") has established a strategic partnership with T&T Financial. The partnership was established to boost the sales and marketing related services that MTRAC delivers in the booming cannabis industry. MTRAC has also been collaborating with other partners in the financial services sector on developing banking solutions for fully compliant businesses operating in cannabis, such as retailers and suppliers. Through its new partnership with T&T Financial, MTRAC receives critical sales and marketing support for the banking services and solutions the company intends to offer to the cannabis sector.…

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