Breaks Categories: News

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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TuesdayOct 17, 2017 9:32 am

CannabisNewsBreaks – ABcann Global Corp. (TSX.V: ABCN) (OTCQB: ABCCF) Names Paul Lucas as New Board Chair

ABcann Global Corp. (TSX.V: ABCN) (OTCQB: ABCCF) this morning announced its appointment of Paul Lucas as its new independent chair following founder Ken Clement’s decision to step down from the position. Clement will continue to serve as a member of the company’s board of directors. “Ken’s visionary leadership has given ABcann a great foundation to build upon and we appreciate his years of dedicated service and contributions,” Paul Lucas stated in the news release. “Having him maintain his position on the Board will help the Company maintain continuity of leadership and historical knowledge. I am thrilled to take on the…

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MondayOct 16, 2017 9:13 am

CannabisNewsBreaks – Global Payout, Inc. (GOHE) Subsidiary Makes Successful Showing at 2017 Southwest Cannabis Conference and Expo

Payment solutions company Global Payout, Inc. (OTC: GOHE) this morning announced that MoneyTrac Technology, Inc., its majority-owned subsidiary, in addition to its newly-acquired marketing and publishing entity, PotSaver, made a successful showing at last week’s Southwest Cannabis Conference and Expo in Phoenix, Arizona. “Attending this event was an excellent opportunity for us to share the vast array of technology and business-related solutions MoneyTrac has to offer to the many new and existing businesses in cannabis,” James Hancock, CEO of MoneyTrac, stated in the news release. “In having had the chance to speak with several different owners of these businesses, it…

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FridayOct 13, 2017 11:34 am

CannabisNewsBreaks – International Endeavors Corp. (IDVV) Enters MOU with Kubby Cryogenics, Inc. to Expand Medical Cannabis Line

International Endeavors (OTC: IDVV) this morning said that it has signed a memorandum of understanding (MOU) with Kubby Cryogenics, Inc. Per the agreement, Kubby Cryogenics will seek to patent medical grade cannabis strains that are genetically profiled to treat specific diseases. The agreement also states that Steve Kubby will immediately become CEO of International Endeavors. Kubby Cryogenics has assembled a team of top scientists and geneticists to continue developing the company’s proprietary cryogenics products. "We will create a dispensary system for legal medical cannabis states standardizing the patient centered, consultation approach while presenting an enticing line of Adult Use products…

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ThursdayOct 12, 2017 9:23 am

CannabisNewsBreaks – PotNetwork Holding, Inc. (POTN) Subsidiary Records 20.9% Monthly Revenue Growth in August, Strengthens Advisory Board

PotNetwork Holding, Inc. (OTC: POTN) this morning announced that its wholly owned subsidiary, Diamond CBD, Inc., achieved record-breaking revenues for the month of August. Diamond CBD’s August revenues totaled $1.76 million, marking an increase of 20.9 percent over the prior month. “As the summer comes to a close, we continue to be very happy with our growth on every level,” Maria Gomez, regional vice president of sales for Diamond CBD, stated in the news release. “In consideration of our recent trend of monthly record breaking growth, we prepare for a whole new level of corporate growth.” In a separate news…

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WednesdayOct 11, 2017 10:04 am

CannabisNewsBreaks – ChineseInvestors.com, Inc. (CIIX) Launches Cryptocurrency Daily Video Newscast

Market analysis company ChineseInvestors.com, Inc. (OTCQB: CIIX) this morning announced the launch of the first cryptocurrency daily video newscast in the Chinese language broadcast from the NYSE. Titled ‘Bitcoin Multimillionaire’, the video newscast aims to provide timely information and analysis regarding all aspects of the emerging digital currency world. “Many Chinese investors are seeking information and education related to the cryptocurrency sector,” Warren Wang, founder and CEO of CIIX, stated in the news release. “Similar to U.S. stocks, as the price of digital currency, such as Bitcoin, continues to increase, Chinese people all over the world are taking notice and…

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WednesdayOct 11, 2017 9:37 am

CannabisNewsBreaks – SinglePoint, Inc. (SING) Announces Completion of $4M Funding Round

Specialized holding company SinglePoint, Inc. (OTC: SING) this morning announced the completion of a $4 million round of funding, $1.2 million of which has already been collected. This total includes a $600,000 investment from United American HealthCare Corp. (OTC: UAHC). With this funding in place, SinglePoint is positioned to aggressively develop and complete its bitcoin payments solution while pursuing additional acquisition opportunities in the thriving cannabis industry. “After months of negotiation, we are beyond excited to close this deal and go after some larger deals that we have in our pipeline,” Greg Lambrecht, CEO of SinglePoint, stated in the news…

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TuesdayOct 10, 2017 2:46 pm

CannabisNewsBreaks – Global Payout, Inc. (GOHE) Subsidiary Finalizing JV Partnership Aimed at Bringing Banking Solutions to the Cannabis Industry

Payment solutions company Global Payout, Inc. (OTC: GOHE) today announced that MoneyTrac Technology, Inc., its majority-owned subsidiary, is currently in the final stages of facilitating an exclusive joint venture partnership agreement aimed at bringing effective banking solutions to businesses operating in the rapidly expanding cannabis industry. The company anticipates significant revenue earning opportunities to stem from this agreement upon its final execution. “The potential surrounding the anticipated completion of this Joint Venture is absolutely huge for our MoneyTrac Technology brand,” MoneyTrac CEO James Hancock stated in the news release. “MoneyTrac was launched almost exclusively to address the many different challenges…

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TuesdayOct 10, 2017 1:14 pm

CannabisNewsBreaks – Grey Cloak Tech, Inc.’s (GRCK) Acquisition Target Eqova Debuts New CannaBio Salve at Denver’s Integrative Medicine Summit

Grey Cloak Tech (OTC: GRCK) this morning said that Eqova Live Sciences, the company’s acquisition target, exhibited at Denver's Integrative Medicine Summit in Denver, Colorado, on October 7, 2017. Grey Cloak signed a Letter of Intent to acquire Eqova Life Sciences on September 19, 2017. Eqova Life Sciences develops clinical grade Full Spectrum Hemp Oil products that are sold exclusively through partnerships with licensed medical practitioners to use with their patients. Eqova debuted its new CannaBio Salve, an innovative topical salve with several aromatic natural oils, at the summit, which was attended by over 200 medical professionals. Eqova was the…

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TuesdayOct 10, 2017 10:40 am

CannabisNewsBreaks – Marijuana Company of America (MCOA) and Global Hemp Group Enter Letter of Intent to Form Joint Venture with Space Cowboys, Inc.

Marijuana Company of America (OTC: MCOA) and Global Hemp Group (OTC: GBHPF) (CSE: GHG) this morning announced their entry into a letter of intent with licensed cannabinoid producer Space Cowboys, Inc. for the purposes of forming a joint venture. Per the terms of the agreement, the two companies will invest $2.5 million in exchange for a 25 percent equity interest in Space Cowboys, subject to their ability to obtain sufficient funding. These funds will be used to expand Space Cowboys’ cultivation operations in an effort to better capitalize on the strong demand for cannabinoid-based products within Colorado’s established legal cannabis…

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