Breaks Categories: News

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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MondayNov 27, 2017 9:52 am

CannabisNewsBreaks – Skinvisible Pharmaceuticals, Inc. (SKVI) Enters Non-Binding Term Sheet for Proposed Merger with Quoin Pharmaceuticals

Skinvisible Pharmaceuticals (OTCQB: SKVI) has entered into a non-binding term sheet regarding a proposed merger with Quoin Pharmaceuticals Ltd. per the company’s announcement this morning. The completion of the proposed merger is subject to the negotiation of a definitive agreement and other customary closing conditions including tax, accounting, legal, and regulatory conditions. The new company would continue trading on the OTCQB market under the name Quoin Pharmaceuticals Inc. and is expected to have a robust product portfolio addressing major unmet medical needs. Post-merger, the new company will be 72.5% owned by Quoin shareholders and Skinvisible shareholders will own 27.5%, prior…

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MondayNov 27, 2017 9:15 am

CannabisNewsBreaks – Lexaria Bioscience Corp. (CSE: LXX) (OTCQB: LXRP) Set to Present at LD Micro Main Event; Reports Warrant Exercise

Lexaria Bioscience (CSE: LXX) (OTCQB: LXRP), a biosciences company that has developed delivery technologies to improve absorption of bioactive compounds, this morning announced that it will be presenting at the upcoming 10th annual LD Micro Main Event taking place December 5-7 in Los Angeles, California. Additionally, the company is filing its annual Form 10K which includes financial statements that will be available today at the Securities and Exchange Commission's website (www.sec.gov). Lexaria also said that through the exercise of warrants and a compensation option certificate previously granted, the company has received US $118,913. The compensation option certificate was exercised at…

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WednesdayNov 22, 2017 3:40 pm

CannabisNewsBreaks – EVIO, Inc. (EVIO) Obtains Expanded Accreditation to Conduct Pesticide, Residual Solvent Tests

EVIO, Inc. (OTCQB: EVIO), a national leader in providing accredited analytical testing, scientific research and advisory services to the regulated cannabis industry, today announced that it has been granted an expansion to its accreditations from the Oregon Environmental Laboratory Accreditation Program (“ORELAP”), a division of the Oregon Health Authority. The newly expanded accreditations enable EVIO Labs to offer full-scope pesticide testing at its Medford location. Additionally, EVIO received accreditation to test for residual solvent residues at its Portland location. "Bringing pesticide testing fully in-house and expanding our capability with residual solvent analysis will also allow us to substantially increase our…

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WednesdayNov 22, 2017 9:28 am

CannabisNewsBreaks – Veritas Pharma Inc.’s (CSE: VRT) (OTC: VRTHF) (FRT: 2VP) CTL Subsidiary Inks Letter of Intent with FDI of Puerto Rico to Initiate Human Trials of CTL-X

Veritas Pharma (CSE: VRT) (OTC: VRTHF) (FRT: 2VP) recently announced that its 80% owned subsidiary, Cannevert Therapeutics Ltd. ("CTL"), signed a letter of intent with the Fundación de Investigación (“FDI”) in San Juan, Puerto Rico, to conduct the first human study of CTL-X for the treatment of pain. The study of CTL-X, CTL’s lead cannabis strain for pain, will be conducted in two stages to assess the treatment’s analgesic effects. “We are pleased to see Cannevert’s lead strain for pain is finally heading into human trials. It’s important to us to move quickly into this next phase of providing clinical…

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TuesdayNov 21, 2017 9:16 am

CannabisNewsBreaks – Global Payout, Inc.’s (GOHE) MTRAC Subsidiary Establishes Industry Connections at MJBizCon

Global Payout (OTC: GOHE) today announced that its majority owned MoneyTrac Technology, Inc. (“MTRAC”) subsidiary successfully established a presence at the 2017 Marijuana Business Convention ("MJBizCon") in Las Vegas, Nevada. MTRAC chief operating officer, Vanessa Luna and PotSaver founder, Aaron Adler represented the company at the convention. While in Las Vegas, MTRAC took meetings with key collaborators engaged in implementing compliance features that will be required to operate a successful banking solution for the cannabis industry. "I am impressed by the tremendous amount of interest our brands are generating amongst some of the most important individuals in the cannabis industry.…

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