Breaks Categories: News

ThursdayOct 22, 2020 1:31 pm

CannabisNewsBreaks – HempFusion Wellness Inc. Files Prelim Prospectus for Initial Public Offering

HempFusion, a leading health and wellness CBD company utilizing the power of whole-food hemp nutrition, today announced that it has filed a preliminary prospectus with the securities regulatory authorities in each of the provinces of Canada, except Quebec. The prospectus is for a proposed initial public offering of (i) common shares of the company (the “offered shares”) for gross proceeds of up to US$7,000,000 (the “share offering”) and (ii) units of the company (the “units”) for gross proceeds of up to US$10,000,000 (the “unit offering” and together with the share offering, the “offering”). The offering price will be determined in…

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ThursdayOct 22, 2020 12:27 pm

CannabisNewsBreaks – Cannabis Strategic Ventures Inc. (NUGS) Books Over $2.3M September Sales, Eyes Strong Year-End Run

Cannabis Strategic Ventures (OTCQB: NUGS), an emerging leader in the U.S. cannabis marketplace, today announced September monthly performance data, which showed a strong continued pace of growth in sales of cannabis products during the month. According to the update, the company booked over $2.3 million in total sales from cannabis products during September. That compares to $1.8 million in total sales from cannabis products in August, representing a sequential monthly growth rate of approximately 28%. “We continue to see growing market positioning and overall performance despite variable market conditions for cannabis producers over the past two months,” Simon Yu, CEO…

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ThursdayOct 22, 2020 11:53 am

CannabisNewsBreaks – Cannabis Global Inc. (CBGL) Founder Featured in SmallCapVoice.com Audio Interview

Cannabis Global (OTC: CBGL) founder Robert Hymers is featured in a newly released interview with SmallCapVoice.com’s Stuart Smith. Hymers was joined by Jesus Quintero, CEO of Marijuana Company of America Inc. (OTC: MCOA), an innovative hemp corporation. During the interview, the two men discuss the development of MCOA’s work with Cannabis Global, a cannabinoid and hemp extract science company developing infusion and delivery technologies. Hymers and Quintero share the story behind the transition in management that recently took place as well as how Quintero’s team is focused on MCOA’s international expansion and creative new product offerings. A pioneer in the…

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TuesdayOct 20, 2020 11:47 am

CannabisNewsBreaks – Cannabis Global Inc. (CBGL) Announces Addition of THC to Nanotechnology Program

Cannabis Global (OTC: CBGL), a cannabinoid and hemp-extract, science-forward company developing infusion and delivery technologies, has added tetrahydrocannabinol (“THC”) to its Project Varin research program. CBGL is conducting the program in partnership with Natural Plant Extract of California Inc ("NPE"), a licensed and regulated cannabis products manufacturer. The objective of the program is to demonstrate the cost advantages of using the company’s proprietary and provisional patent-pending nanoparticle and nanofiber technologies to change the cost model as it related to adding THC to various products. Cannabis Global filed six provisional patent applications last year, including one which outlined the methods and…

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WednesdayOct 14, 2020 2:58 pm

CannabisNewsBreaks – Hemptown Organics Corp. Launches Premium Smokables Line, Positioned to Compete in $800B+ Tobacco Industry

Hemptown Organics, a privately held British Columbia company, today announced the launch of Hemptown Naturals, the company’s premium line of industrial-hemp smokable products, including innovative terpene-infused hemp cigarettes. The new line positions Hemptown to compete in the $800 billion-plus tobacco industry*. The Hemptown Naturals brand includes a full assortment of premium smokable flower in multiple strains, hemp pre-rolls and hemp cigarettes. The company’s hemp cigarette line is anchored by a 20 pack of “Hemp Stix” – premium cigarettes made with 100% pure hemp direct from Hemptown’s farm and containing less than 0.3% THC and zero nicotine. The company’s proprietary premium…

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WednesdayOct 14, 2020 1:19 pm

CannabisNewsBreaks – The Alkaline Water Company Inc. (CSE: WTER) (NASDAQ: WTER) Expands Flagship Brand to Fill the Void in Club Market, Specialty Retailers

The Alkaline Water Company (CSE: WTER) (NASDAQ: WTER), a producer of premium bottled alkaline and flavored-infused drinking waters and CBD-infused products, today announced that its new 2-liter six-pack packaging for its flagship brand, Alkaline88(R), will now be carried by HomeGoods stores across 500 nationwide locations. “We are excited to announce that our new 2-liter six-pack offering for our core brand, Alkaline88, will be available at HomeGoods stores nationwide,” WTER president and CEO Ricky Wright said in the press release. “This unique six-pack complements our existing line-up, especially our single-serve offerings, which continue to do well in the current environment. The…

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WednesdayOct 14, 2020 11:13 am

CannabisNewsBreaks – Sugarmade Inc. (SGMD) Releases BudCars Q3 Numbers, Report Highlights Sales Records for Burgeoning Business

Sugarmade (SGMD), a leading, multidivisional/multiproduct/multisector supply company, has shared a preannouncement of financial numbers for its BudCars Cannabis Delivery Service (“BudCars”). The announcement notes several new sales records. Highlights of the report include gross receipts reaching nearly $2 million, with more than 60% growth being reported in net sales, customer orders and gross profits on a quarter-to-quarter basis. BudCars has been consistently tracking ahead of expectations, the announcement states, with geographic expansion being a key component to continued growth and success. The company has plans in place to expand into the North San Francisco Bay Area as well as nearby…

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TuesdayOct 13, 2020 10:52 am

CannabisNewsBreaks – Cannabis Global Inc. (CBGL) Expects Increase in Net Assets to $2.39M

Cannabis Global (OTC: CBGL), a cannabinoid and hemp extract science-forward company developing unique infusion technologies and products, today pre-announced some aspects of its financial performance for the fiscal year ended August 31, 2020, including a significant increase in assets reported on its balance sheet for the period. According to the update, Cannabis Global intends to file its full annual report for the fiscal year ending August 31, 2020, prior to the deadline of November 15, 2020. The company expects to report assets of approximately $2,396,558, up from $807,824 as of the end of the quarter ending May 31, 2020. “We…

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MondayOct 12, 2020 11:58 am

CannabisNewsBreaks – Sugarmade Inc. (SGMD) Updates Shareholders on Two Key Initiatives

Sugarmade (OTCQB: SGMD), today issued a letter to its shareholders, on behalf of its CEO Jimmy Chan, that provided an update on coming expansion steps in regard to its BudCars delivery service as well as the company’s vertical integration. “Today, I want to highlight two themes that will help to drive our value proposition for shareholders over the intermediate term: geographic expansion for BudCars and our move to vertically integrate through the establishment of cultivation operations. Together, they represent tangible catalysts driving both top and bottom-line growth,” Chan stated in the update. “These are exciting times for Sugarmade. We have…

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FridayOct 09, 2020 10:29 am

CannabisNewsBreaks – Canopy Rivers Inc. (TSX: RIV) (OTC: CNPOF) Provides Update on Portfolio Expansion in the US

Canopy Rivers (TSX: RIV) (OTC: CNPOF), a venture capital firm specializing in cannabis, today provided an update on the progress of three of its portfolio companies in U.S. markets. The updates come only weeks before the U.S. election, where six states will vote on cannabis legalization initiatives and the potential power shift at the federal level could lead to more progressive policies for the industry. Among the highlights, Canopy Rivers announced the following: TerrAscend Corp. commenced sales from its newly expanded State Flower cultivation facility in San Francisco; High Beauty Inc. introduced canBE, a new line of natural, aloe-based products…

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