Breaks Categories: News

MondayJul 11, 2022 11:24 am

CannabisNewsBreaks – Flora Growth Corp. (NASDAQ: FLGC) Names Former Amazon, Boeing Exec as CFO

Flora Growth’s (NASDAQ: FLGC), a leading all-outdoor cultivator, manufacturer and distributor of global cannabis products and brands, has announced a new chief financial officer. Former Amazon and Boeing official Elshad Garayev has accepted the new position and will be joining the FLTC team on the business day following the date on which the company files its mid-year financial results with the Securities and Exchange Commission. Garayev has more than two decades of financial leadership experience, and has worked at Amazon, Boeing, BP and RPK Capital. In his new role, he will focus on FLGTC growth initiatives as well as financial…

Continue Reading

ThursdayJul 07, 2022 11:21 am

CannabisNewsBreaks – Lexaria Bioscience Corp. (NASDAQ: LEXX) Announces Global Expansion of DehydraTECH Licensee

Lexaria Bioscience (NASDAQ: LEXX, LEXXW), a global innovator in drug delivery platforms, today announced that its DehydraTECH licensee Boldt Runners Corporation, owners of the Cannadips brand, has expanded manufacturing agreements to include Europe, Japan and South Africa. “We are delighted with the expansion of the Cannadips brand outside of the USA,” said Chris Bunka, CEO of Lexaria Bioscience Corp. “We continue to work with the Cannadips team on the infusion of exciting new formulations to meet the needs of adult consumers’ changing preferences and will endeavor to always remain one step ahead of the competition.” To view the full press…

Continue Reading

WednesdayJul 06, 2022 2:30 pm

CannabisNewsBreaks – Grapefruit USA Inc. (GPFT) Announces Execution of LOI for DLC Acquisition

Grapefruit USA (OTCQB: GPFT), an innovative California-based cannabiotech company, has executed a binding letter of intention (“LOI”) with Diagnostic Lab Corporation (“DLC”). The letter, which was entered into on June 30, 2022, calls for the two companies to jointly recapitalize Grapefruit and raise $12.5 million of debt financing, which includes $5.5 million already committed from a qualified construction. DLC is a diversified food and agriculture safety company. The funding will be used to complete construction of a cultivation, manufacturing and distribution facility; acquire DLC assets; apply for an FDA 510K approval for GPFT’s patented Hourglass(TM) time release Z-POD THC/CBD/cannabinoid infused…

Continue Reading

WednesdayJul 06, 2022 12:08 pm

CannabisNewsBreaks – Flora Growth Corp. (NASDAQ: FLGC) Announces Results of Annual Meeting of Shareholders, Board Appointment of Brandon Konigsberg

Flora (NASDAQ: FLGC), a leading all-outdoor cultivator, manufacturer and distributor of global cannabis products and brands, today announced that the company’s shareholders voted in favor of all of the proposals submitted for their approval at Flora’s July 5 annual meeting. In addition to the re-election of the company’s six incumbent directors, shareholders also elected Brandon Konigsberg to serve on the board. Further to his responsibilities as a board member, Konigsberg will serve as chair of the audit committee and as a member of the compensation committee. “The addition of Mr. Konigsberg to our board is further testament to our ongoing…

Continue Reading

TuesdayJul 05, 2022 1:18 pm

CannabisNewsBreaks — Cilicon Announces New Partner Program to Offer Variety of Support for Cannabis Vaporizer Enterprises

Cilicon, a leading, globally trusted, product-solution provider of cannabis vape technology and manufacturing, has launched its Cilicon Partner Program. The program is a flexible, collaborative distributor partnership designed to support cannabis vaporizer enterprises in a variety of ways, including developing and expanding product offerings, upgrading product performance, expediting product delivery cycles and reducing product inventory costs. The program is open to all cannabis enthusiasts interested in the marijuana vaporizer market, and the company has started to accept cannabis vape hardware distributors of different regions, sizes, levels and needs to further expand the supply market for cannabis vaporizers. “The cannabis vape…

Continue Reading

ThursdayJun 30, 2022 1:21 pm

CannabisNewsBreaks – Sugarmade Inc. (SGMD) Signs LOI Outlining Minority Stake Acquisition of Cannabis Cultivation Property

Sugarmade (OTC: SGMD), an emerging leader in the vertically integrated cannabis sector, has taken steps toward a 40% acquisition of the business and associated property known as RMI Ventures (d/b/a Jerusalem Grade Farm). SGMD signed a letter of intent (“LOI”) agreeing to complete a definitive acquisition agreement that would make Sugarmade a minority owner of RMI Ventures with 40% control of RMI Ventures equity; SGMD anticipates pursuing the acquisition of additional equity in RMI Ventures next year. According to the announcement, Sugarmade intends to leverage the turnkey operation to fulfill its recently announced collaborative cannabis cultivation contract with Cannabis Global…

Continue Reading

WednesdayJun 29, 2022 12:11 pm

CannabisNewsBreaks – Prime Harvest Inc. Featured in Latest Episode of Bell2Bell Podcast

Prime Harvest, a technology-focused, full-service cannabis company with horizontally diversified operations spanning various segments of the cannabis value chain, was featured in the Bell2Bell Podcast, a part of IBN’s (“InvestorBrandNetwork”) sustained effort to provide specialized content distribution via widespread syndication channels. Duane Alexander, CEO of Prime Harvest, joined the latest episode to discuss to discuss the company, its flagship brand and seasoned management team, recent milestones, and goals for the balance of 2022 and beyond. “Prime Harvest is a vertically integrated cannabis company. We’re based out of San Diego … and we’re positioned to expand into other markets in the…

Continue Reading

TuesdayJun 28, 2022 1:31 pm

CannabisNewsBreaks – Advanced Container Technologies Inc.’s (ACTX) GrowPods Can Enable ‘New Breed of Farmers’

Advanced Container Technologies (OTC: ACTX) today announced that GrowPods — transportable modular hydroponic farms — can help democratize food production around the world. Technology has made farming easier since the arrival of the plow thousands of years ago. Farmers now have access to advanced robots, automated facilities, self-driving tractors, and pollinator drones. With technology, community groups, entrepreneurs, schools, and all types of organizations are enabled to grow their own fruits and vegetables, as automated systems like GrowPods have made it simple for anyone to become a farmer. “GrowPods can be placed virtually anywhere and can grow the equivalent of three…

Continue Reading

WednesdayJun 22, 2022 4:16 pm

CannabisNewsBreaks – Cannabis Drinks Expo Partners with Women in Cannabis Group to Host Unique Expo Session

Cannabis Drinks Expo has announced that it will again be partnering with Illinois Women in Cannabis (“IWC”) to present a powerful session during the upcoming expo event; the panel will focus on developing women-led cannabis beverage brands. The panel will feature an all-woman panel of cannabis-industry executives, with panel members discussing women consumers of cannabis-infused beverages and drinks as well as the implication of portability, palatability and sociability on product development, branding and marketing. Panel members will include Meagen Anderson, director of Highway Horticulture, a midwest vertically integrated cannabis production facility and wholesaler; Lisa Hurwitz, president of Happi, Michigan's first…

Continue Reading

WednesdayJun 22, 2022 1:52 pm

CannabisNewsBreaks – 2022 Cannabis Drinks Expo to Shine the Spotlight on Top Names, Cutting-Edge Innovations

Cannabis Drinks Expo, a super hit business-to-business (“B2B”) trade show, returns in July. With the theme “Growing the Category,” this year’s show will provide the cannabis and drinks industry a unique platform to expand business, explore the segment and source amazing brands. The event will share insight on this burgeoning category and the development of new products while offering existing brands networking opportunities with state manufacturers for national expansion. Retailers and distributors will find assistance to develop store-owned brands, discover ideas for marketing and selling their cannabis beverages and growing consumer market share. Topics will include the planning stages of…

Continue Reading