Breaks Categories: News

TuesdayMar 14, 2017 10:12 am

CannabisNewsBreaks – SinglePoint, Inc. (SING) Expands Presence in Cannabis Industry through Acquisition of Stake in Convectium

Specialized holding company SinglePoint, Inc. (OTC: SING) this morning announced that it has closed its first round of funding to acquire a stake in Jacksam Corp., dba Convectium, the developer of a unique oil filling system poised to revolutionize the cannabis industry. Originally announced at the end of January, the Convectium acquisition is expected to include an overall investment of stock and cash consideration totaling $800,000, which Convectium will use to help fund its growth as well as marketing of its revolutionary 710Shark and 710Seal system. Leaning on the marketability of the first-of-its-kind system, as well as its line of…

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FridayMar 03, 2017 11:21 am

CannabisNewsBreaks – NEMUS Bioscience, Inc. (NMUS), Catalent to Advance Development of NB1222 Human Dosage Formulation

NEMUS Bioscience (OTCQB: NMUS) this morning said it is moving forward with Catalent Pharma Solutions to advance development of a human-dosage suppository formulation of NB1222. NB1222 is the proprietary prodrug of tetrahydrocannabinol (THC) being developed for the treatment and management of chemotherapy-induced nausea and vomiting (CINV). NB1222, also known as the prodrug THC-valine-hemisuccinate, is synthetically manufactured and is not plant-derived. "The global CINV market is a multi-billion dollar opportunity with projected growth as populations live longer, increasing the likelihood of developing a malignancy over time," Nemus CEO and chief medical officer Brian Murphy, M.D. stated in the news release. To…

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ThursdayFeb 16, 2017 9:37 am

CannabisNewsBreaks – Player’s Network, Inc. (PNTV) Uplists to the OTCQB Venture Market

Diversified holding company Player’s Network, Inc. (OTCQB: PNTV) this morning announced that its common shares are now trading on the OTCQB Venture Market, effective February 16, 2017. In order to be eligible for listing on the OTCQB Venture Market, which is designed for entrepreneurial and development-stage companies, Player’s Network was required to be current in its financial reporting and undergo an annual company verification and management certification process. “We are proud to announce this corporate milestone as we execute our plan to add tenure to our 23-year track record as a fully reporting company,” Mark Bradley, CEO of Player’s Network,…

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MondayFeb 13, 2017 9:20 am

CannabisNewsBreaks – ChineseInvestors.com (CIIX) Issues Update on Recent Financial and Business Achievements

ChineseInvestors.com, Inc. (OTCQB: CIIX) this morning issued a news release highlighting some of its financial and business achievements for January 2017, as well as its plans to build on these milestones moving forward. After reporting significantly higher revenues for the three- and six-month periods ended November 30, 2016, the company has now achieved revenue growth for three consecutive quarters, and ChineseInvestors.com will look to continue this trend through its entry into the hemp-based cannabidiol (CBD) health products market. In addition to completing a $5 million private placement, the company kicked off 2017 with the launch of its new www.ChineseCBDoil.com site,…

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TuesdayFeb 07, 2017 9:50 am

CannabisNewsBreaks – SinglePoint, Inc. (SING) Announces Position as a Debt-Free Company

Full-service mobile technology and marketing provider SinglePoint, Inc. (OTC: SING) this morning announced that it is now officially debt-free. The milestone comes as a result of the company’s ongoing fundraising initiatives, which have already resulted in the addition of more than $300,000 of working capital to its balance sheet. SinglePoint has also entered into a Letter of Intent stemming from these efforts that’s expected to result in the securement of $1 million of additional funding. Per this morning’s update, SinglePoint intends to use the capital from these fundraising efforts to support its proposed uplisting to the OTCQB Venture Market later…

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TuesdayJan 31, 2017 10:50 am

CannabisNewsBreaks – SinglePoint, Inc. (SING) to Acquire Stake in Convectium, Creator of Cannabis Industry’s First-of-its-Kind Oil Filling Machine

SinglePoint (OTC: SING), a full-service mobile technology and marketing provider, this morning announced its LOI to acquire an interest in Convectium, the creator of a unique oil filling machine capable of filling cartridges or disposable vape pens for wholesale distribution to dispensaries. Convectium’s 710Shark and 710Seal system can fill and package up 100+ cartridges or disposable vape pens in 30 seconds. “To say we are excited about this opportunity is an understatement. Convectium's 710Shark and 710Seal system is incredible, and its capabilities are unmatched. After looking at hundreds of cannabis companies, finding an acquisition opportunity like we have found in…

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MondayJan 09, 2017 12:58 pm

CannabisNewsBreaks – Medical Marijuana, Inc. (MJNA) Reports Positive Data on CanChew Plus® CBD Gum by AXIM® Biotechnologies, Inc. (AXIM)

Shares of Medical Marijuana (OTC: MJNA) are ticking higher after the company said its major investment company, AXIM® Biotechnologies (OTC: AXIM), received positive pharmacokinetic (PK) data results on its CanChew Plus® CBD Gum, which will be used in upcoming clinical trials as treatment for irritable bowel syndrome (IBS). The single dose study conducted to determine the concentration of CBD in the blood after chewing one CanChew Plus® Gum for 30 minutes showed positive results for the 30 mg dosage. This data will be used to determine the optimal concentration in the IBS patient trial. AXIM aims to provide a pharmaceutical…

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ThursdayNov 03, 2016 2:30 pm

Alternet Systems, Inc. (ALYI) Inks LOI with North American Cannabis Holdings, Inc. (USMJ), Aims for Cannabis Retail Payment System

Shares of Alternet Systems, Inc. (OTC: ALYI) are trading higher after North American Cannabis Holdings, Inc. (OTC: USMJ) announced a Letter of Intent between the two companies, with an end goal of bringing a cannabis retail payment system to market. The LOI is the initial advancement toward a “comprehensive contract” under which Alternet would acquire select assets from North American Cannabis Holdings, potentially enabling Alternet to leverage its financial software industry experience and introduce a cannabis retail payment system. To view the full press release, visit:  http://nnw.fm/i3iLZ About Alternet Systems, Inc. Alternet Systems, Inc. (ALYI) invests in innovative ways to…

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FridayOct 21, 2016 12:50 pm

MassRoots, Inc. (MSRT) Raises $5M, Marking Company Milestone

MassRoots (OTCQB: MSRT) shares climbed 7% Friday morning following the company’s announcement that it has completed its $5.0 million equity offering under its Registration Statement, declared effective by the SEC in August. The company said the offering provides its largest cash on hand in its corporate history and that “these funds are sufficient for the Company to reach cash-flow positive and to scale our commercialization efforts to a much wider audience.” To view the full press release, visit: http://nnw.fm/m9U7T About MassRoots MassRoots is one of the largest and most active technology platforms for cannabis consumers, businesses and activists with over…

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ThursdayOct 20, 2016 12:22 pm

American Cannabis Company, Inc. (AMMJ) Shares Climb on Contract with Canadian Firm

American Cannabis Company, Inc.™ (OTCQB: AMMJ) is up more than 4% in morning trade after the full-service business-to-business consulting solutions provider, and seller of ancillary products to the cannabis industry, this morning announced its new design and consulting contract with a Canadian firm for the purpose of creating a cannabis Licensed Producer facility within the Atlantic provinces. The company said the multi-phase project will begin with the construction of an indoor facility. "The Canadian market is experiencing tremendous growth and we are excited to be working with a client who is positioned to excel within that market. They have a…

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