Breaks Categories: News

TuesdayOct 24, 2017 10:31 am

CannabisNewsBreaks – SinglePoint, Inc. (SING) and AppSwarm, Inc. (SWRM) Enter LOI to Conduct Joint Roll-Out of Cannabis Mobile Apps

Specialized holding company SinglePoint, Inc. (OTC: SING) and technology development company AppSwarm, Inc. (OTC: SWRM) this morning announced their entry into a Letter of Intent related to a joint roll-out of mobile applications specifically geared to the cannabis industry. Per the update, the applications will be branded and marketed under SinglePoint’s SingleSeed subsidiary, while AppSwarm will provide the necessary technical support and app development expertise. “We are very excited to roll-out these applications,” Greg Lambrecht, CEO of SinglePoint, stated in the news release. “We have worked on projects like these before and now we really feel we have both the…

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TuesdayOct 24, 2017 10:04 am

CannabisNewsBreaks – Global Payout, Inc. (GOHE) Subsidiary Teams with Pegasus Fintech, Inc. to Develop Cryptocurrency-Based Token

Payment solutions company Global Payout, Inc. (OTC: GOHE) this morning announced that its majority owned subsidiary, MoneyTrac Technology, Inc., has established a strategic partnership with Pegasus Fintech, Inc., an innovative blockchain and token accelerator company delivering regulatory-compliant solutions in the financial services, technology, blockchain and cryptocurrency market sectors. “MoneyTrac Technology is aiming to establish itself as the most effective full-service provider of financial technology solutions for businesses in the cannabis industry,” Vanessa Luna, COO of MoneyTrac, stated in the news release. “Pegasus’s cryptocurrency technology will serve as the catalyst for us to develop and introduce a cryptocurrency token that we…

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TuesdayOct 24, 2017 9:41 am

CannabisNewsBreaks – InMed Pharmaceuticals, Inc. (CSE: IN) (OTCQB: IMLFF) Highlights Positive Pre-Clinical Data Related to Biosynthesis Platform

Preclinical stage biopharmaceutical company InMed Pharmaceuticals, Inc. (CSE: IN) (OTCQB: IMLFF) this morning announced results from a study co-sponsored by InMed and the University of British Columbia. Notably, this study is the first ever to report hydrogel-mediated cannabinoid nanoparticle delivery to the eye resulting in enhanced drug uptake via the cornea and lens. “Importantly, this study offers further validation of InMed's capabilities in moving the science of cannabinoid pharmaceuticals forward,” Eric A. Adams, president and CEO of InMed, stated in the news release. “Results like this, combined with our expanding patent portfolio and list of publications, on-going R&D, and renowned…

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FridayOct 20, 2017 11:59 am

CannabisNewsBreaks – Green Spirit Industries, Inc. (GSRX) Fast-Tracks Dispensary Construction on Three Pre-Approved Sites in Puerto Rico Following Hurricane Maria

Green Spirit Industries (OTC: GSRX) this morning said it has ramped up its construction efforts regarding three pre-approved medical cannabis dispensaries in Puerto Rico following Hurricane Maria. Green Spirit has brought in additional workforce to help complete the locations in Dorado, Carolina and San Juan for inspection and intends to open the locations before year end. “Patients in Puerto Rico who have come to depend upon medical marijuana, especially those for whom it replaces pharmaceuticals, need safe and dependable dispensaries that are conveniently located, and it is our aim to help fill the need as quickly as possible,” Green Spirit…

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WednesdayOct 18, 2017 2:43 pm

CannabisNewsBreaks – SinglePoint, Inc. (SING) CEO Featured in Equities.com Interview

SinglePoint (OTC: SING) was featured in an article published by Equities.com in which the company’s chief executive officer, Greg Lambrecht, was interviewed. SinglePoint is a full-service mobile technology provider focused on horizontal markets and acquiring undervalued subsidiaries. The company is currently engaged in two booming industries: cannabis and cryptocurrency. “We believe that when we get through with our cryptocurrency product we're going to have a huge first mover advantage to be able to go into the dispensary and let the customers use Bitcoin or other coins to pay for cannabis. It’s just a huge opportunity and with our technical expertise…

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WednesdayOct 18, 2017 11:29 am

CannabisNewsBreaks – Pressure BioSciences, Inc. (PBIO) Enters Collaboration Agreement with Phasex Corporation

Pressure BioSciences, Inc. (“PBI”) (OTCQB: PBIO), a leader in the development and sale of innovative solutions for the worldwide life sciences industry, this morning announced a collaboration with Phasex Corporation, one of the world’s most experienced supercritical fluid (“SCF”)-based toll processors. The goal of the collaboration is to combine PBI’s recently patented Ultra Shear Technology with Phasex’s SCF-based processing methods to enable the development of stable, water-soluble nanoemulsions of nutraceuticals, including CBD-enriched plant oil. “Rapidly expanding markets for non-psychoactive extracts of cannabis plant material, for instance, is an example of a potentially high demand application for our combined, synergistic technologies,” Richard…

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WednesdayOct 18, 2017 10:43 am

CannabisNewsBreaks – EVIO, Inc. (EVIO) Announces Strong Start to Fiscal 2018

EVIO, Inc. (OTCQB: EVIO), a leading provider of cannabis analytical testing services, this morning announced that its EVIO Labs division has already exceeded last October’s testing revenues through the first half of October 2017, with sales surpassing $250,000. “Our national sales team continues to expand EVIO's service offerings,” William Waldrop, CEO of EVIO, stated in the news release. “After an impressive 2017, in which we exceeded our own internal projections, we are starting the 2018 fiscal year on the right track. We are eagerly waiting for the upcoming accreditation of our new pesticide equipment. As mentioned in our 8K, the…

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WednesdayOct 18, 2017 9:33 am

CannabisNewsBreaks – India Globalization Capital, Inc. (NYSE: IGC) Approaching Commercialization of IGC-AD1 in Early 2018

India Globalization Capital, Inc. (NYSE American: IGC), a developer of cannabis-based therapies to treat a variety of life-altering conditions, this morning provided compelling in vitro data compiled from genetically engineered cell lines within an Alzheimer’s disease model showing that, at varying concentrations of IGC-AD1, the expression of GSK3β is reduced by as much as 62 percent. “Based on this and other previously announced compelling data, we are readying IGC-AD1, brand name Hyalolex, in a liquid formulation for commercialization in early 2018,” Ram Mukunda, CEO of IGC, stated in the news release. “We have identified Germany, Canada and certain licensed medical…

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TuesdayOct 17, 2017 12:11 pm

CannabisNewsBreaks – PotNetwork Holding, Inc. (POTN) Subsidiary on Pace for Record-Breaking Quarter

PotNetwork Holding, Inc. (OTC: POTN) today announced that its wholly owned subsidiary, Diamond CBD, Inc., achieved combined sales of more than $3.2 million for July and August. This total is equivalent to 60 percent of the company’s revenues for the first six months of the year, leading PotNetwork to forecast another record-breaking quarter. This projection is further strengthened by Diamond CBD’s early reports for September sales, which the company notes “exceeded expectations” in spite of service interruptions stemming from Hurricane Irma. “We continue to be excited by our continued escalating revenues month-after-month,” Maria Gomez, regional vice president of sales for…

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TuesdayOct 17, 2017 10:29 am

CannabisNewsBreaks – SinglePoint, Inc. (SING) Announces Acquisition of Profitable Denver-Based Company

Specialized holding company SinglePoint, Inc. (OTC: SING) this morning announced its acquisition of a 51 percent stake in JAG, a Denver-based group. Through July 2017, the newly-acquired JAG recorded $600,000 in revenue with gross margins of roughly 26 percent. These results followed full-year 2016 revenue of $700,000 and continued to build on the company’s trend of consistently achieving year-over-year growth since commencing operations in 2014. “We are very excited for this opportunity as it dramatically increases SinglePoint revenues and profitability,” Greg Lambrecht, CEO of SinglePoint, stated in the news release. “We look forward to continuing investing in and growing SinglePoint's…

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