Breaks Categories: News

MondayApr 12, 2021 1:16 pm

CannabisNewsBreaks – MAZAKALI Eyes New Phase of Growth

MAZAKALI, the online platform for cannabis investments, has announced closing of its books on the first quarter of 2021 and opening to a new phase of growth it expects will remain sustainable into the foreseeable future. The company attributes continued progress at the state and federal level, increased acceptance from consumers and law enforcement, as well as impending reform on current industry banking woes as catalysts of its projected growth. “At MAZAKALI, we continue to solidify our platform eco-system and finesse our market offering with new integrations and products,” the update reads, further highlighting various platform expansions. These include the…

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FridayApr 09, 2021 10:57 am

CannabisNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) Releases Limited-Edition Hash-Based Gummies, Announces Virtual Launch Event

Plus Products (CSE: PLUS) (OTCQX: PLPRF), a cannabis and hemp-branded products company in the United States, has unveiled a new product line: PLUS Hash Gummies. The new product is available for a limited time and was released in partnership with Biscotti Brands, a premium hash brand. The orange-blossom-flavored new gummies are infused with cold water hash extracted from the miracle alien cookies (“MAC”) flower, a hybrid strain of hash recognized for its relaxing and uplifting impact. Each PLUS Hash gummy contains 10mg of THC. The gummies will be available at a limited number of California dispensaries and will be available online.…

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ThursdayApr 08, 2021 12:03 pm

CannabisNewsBreaks – Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) Announces Receipt of Medical Marijuana Use Approval

Red White & Bloom Brands (CSE: RWB) (OTCQX: RWBYF) has received approval from the Florida Department of Health, Office of Medical Marijuana Use for the company’s previously announced plans to acquire Acreage Florida. In the announcement, the company noted that Florida, a limited-license state with 22 licensed operators, has been reported as one of the most robust medical marijuana markets in the country; cannabis revenue for the state topped $1.2 billion in 2020. With this key approval in place, RWBYF now anticipates focusing on closing the transaction. The company will work to meet the customary closing conditions that are associated…

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ThursdayApr 08, 2021 10:00 am

CannabisNewsBreaks – Pure Extracts Technologies Corp. (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ) Announces Plans to Launch 1st US Initiative into Dynamic Michigan Market

Pure Extracts Technologies (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ), a plant-based extraction company focused on cannabis, hemp, functional mushrooms and the rapidly emerging psychedelic sector, today announced its entry into a letter of intent (“LOI”) with the affiliate of a publicly traded multistate operator (“MSO”) to form a joint venture (the “JV”) to install a cannabis and hemp extraction system in an existing Michigan facility. According to the update, the MSO has a long history of success in Oregon, offering a family of products that include sun-grown and indoor premium flower, along with patented nitro-sealed indoor and sun-grown pre-rolls and…

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WednesdayApr 07, 2021 12:56 pm

CannabisNewsBreaks – The Alkaline Water Company Inc. (NASDAQ: WTER) (CSE: WTER) Announces New Partnership in Continued C-Store Expansion

The Alkaline Water Company (NASDAQ: WTER) (CSE: WTER), the nation’s largest independent alkaline water company, has announced its latest partnership with CEFCO Convenience Stores, which will now offer Alkaline88’s single-serve products in more than 200 high-volume stores across six states. “Adding CEFCO as a customer is a big step in our continued convenience store expansion,” says Ricky Wright, president and CEO of The Alkaline Water Company. “Developing significant partnerships and adding key customers such as CEFCO will allow us to further grow our c-store footprint in addition to expanding distribution of our single-serve products. The continued C-store growth we are…

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WednesdayApr 07, 2021 11:21 am

CannabisNewsBreaks – Hero Technologies Inc. (HENC) Management, Key Insiders Committed to Holding Shares, Supporting Shareholder Value

Hero Technologies (OTC: HENC), a cannabis company focused on a vertically integrated strategy, today announced that its management and insiders continue to hold HENC common shares and have not sold any shares in the open market, protect equity for legacy shareholders, and communicate company developments transparently. Hero Technologies’ management and insiders are not currently selling the shares they hold, do not plan to sell any shares in the near future, do not expect to issue any more shares to insiders, and do not anticipate any reverse splits of the company's stock. Should the aforementioned change, the company will issue an…

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WednesdayApr 07, 2021 10:43 am

CannabisNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) Announces Completion of Debentures Conversion

Plus Products (CSE: PLUS) (OTCQX: PLPRF), a cannabis and hemp-branded products company in the United States, has completed its previously announced debenture conversion. The debenture, which was due on Feb. 28, 2024, was comprised of certain 12% secured debentures. The announcement noted that the debentures were converted following the terms of the first supplemental indenture, which was dated Feb. 25, 2021, and made between Plus Products and the Odyssey Trust Company. Specifically, the debentures were converted into 5,252,631 subordinate voting shares, which were  issued at a conversion price of C$0.95 per share. An additional 20,005 debentures remain outstanding; those debentures,…

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TuesdayApr 06, 2021 11:35 am

CannabisNewsBreaks – Red White & Bloom Brands Inc. (CSE: RWB) (OTC: RWBYF) Announces Strategic Purchase to Expand Cultivation Capacity

Red White & Bloom Brands (CSE: RWB) (OTC: RWBYF) today reported plans to increase cultivation capacity upon closing of the previously announced definitive agreement to enter the Florida cannabis market. According to the update, RWB has secured 30 double-wide fully enclosed cultivation pods that collectively provide approximately 19,000 square feet of operating space, with 14,400 square feet of canopy. Each unit is specifically designed and outfitted for premium cannabis cultivation. Once online, the units will have production capacity in excess of 7,000 pounds of flower annually and thousands of pounds of trim, with an estimated annual value in excess of…

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MondayApr 05, 2021 10:32 am

CannabisNewsBreaks – Hero Technologies Inc. (HENC) Secures Cannabis Cultivation Zoning Approval in Continued Pursuit of Vertically Integrated Strategy

Hero Technologies (OTC: HENC), a cannabis company focused on a vertically integrated strategy, today announced that its subsidiary, BlackBox Systems and Technologies LLC, has obtained zoning approval for cannabis cultivation on the 120-acre Michigan property it has agreed to purchase for $1,500,000. According to the update, neither the property nor Blackbox received a cannabis license from the Michigan Regulatory Authority (the “MRA”). However, the company did receive approval by the local land use authority to use the property in the future to cultivate cannabis, without which Blackbox could not move forward with the purchase and future cannabis cultivation at the…

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MondayApr 05, 2021 10:15 am

CannabisNewsBreaks – Grapefruit USA Inc. (GPFT) to Launch US E-Commerce Store Featuring Patented Hourglass(TM) Time-Release Delivery Cream

Grapefruit USA (OTCQB: GPFT), a diversified California based cannabis and hemp company, today announced its online merchant has been approved and that Grapefruit will launch its new U.S. e-commerce website in April 2021. The new site will feature the company’s novel line of hemp CBD only-derived versions of its disruptive, patented Hourglass(TM) time-release delivery cream. “Grapefruit is gratified and proud to offer our U.S. and international customers a convenient, one-stop shop to purchase our hemp CBD only-derived versions of Hourglass time-release delivery cream powered products,” said Bradley J. Yourist, CEO of Grapefruit USA. “Until now, Grapefruit’s Hourglass technology-based products have…

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