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WednesdayApr 18, 2018 9:42 am

CannabisNewsBreaks – SinglePoint, Inc. (SING) Enters LOI to Acquire Phoenician Engineering

Specialized holding company SinglePoint, Inc. (OTCQB: SING) this morning announced its entry into a letter of intent to wholly acquire Phoenix-based Phoenician Engineering, a provider of both consumer and commercial grade equipment. Phoenician’s main products include medical grade grinders for consumers, which are currently available in dispensaries throughout America. Per the update, Phoenician currently has nine issued patents, three trademarks and additional patents pending, offering an opportunity for SinglePoint to expand its IP portfolio and add to its growing asset class. “We are ready to close this deal,” Greg Lambrecht, CEO of SinglePoint, stated in the news release. “We have…

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WednesdayApr 18, 2018 9:19 am

CannabisNewsBreaks – Marijuana Company of America, Inc. (MCOA) Joint Venture Completes First Phase of Greenhouse Construction

Innovative hemp and cannabis corporation Marijuana Company of America, Inc. (OTC: MCOA) this morning announced that its joint venture project, BV-MCOA Management, LLC, has completed the construction of three greenhouses totaling 7,000 square feet. Per the update, this milestone represents the completion of more than 23 percent of the total 30,000-square-foot cultivation facility. “We are pleased to see the completion of the first phase of the greenhouse facilities,” Donald Steinberg, CEO of MCOA, stated in the news release. “Once the security system is in place, we are confident the site will pass final inspection allowing our tenant-growers to occupy the…

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TuesdayApr 17, 2018 11:10 am

CannabisNewsBreaks – Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) Reports Positive Topline Results from DehydraTECH™ Absorption Study

Drug delivery platform innovator Lexaria Bioscience Corp. (CSE: LXX) (OTCQB: LXRP) this morning announced positive topline results following the completion of its first ingestible nicotine in vivo absorption study. The company is pursuing the use of its patented DehydraTECH™ technology as a new nicotine delivery method. The delivery method, in the form of an edible dose absorbed through the gastrointestinal tract, could potentially serve as a nicotine replacement therapy or as an alternative product format for regular tobacco users. Among other highlights, DehydraTECH™ demonstrated major nicotine absorption performance improvements including 1,160% faster delivery of equivalent peak quantities of nicotine to…

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TuesdayApr 17, 2018 10:33 am

CannabisNewsBreaks – Choom Holdings Inc. (CSE: CHOO) (OTCQB: CHOOF) Secures Cannabis Retail Opportunities Throughout Western Canada

British Columbia-based cannabis cultivation firm Choom Holdings Inc. (CSE: CHOO) (OTCQB: CHOOF) this morning announced that it has progressed the build-out of its cannabis retail store network. The company has applied to the Saskatchewan Liquor and Gaming Authority ("SLGA") for cannabis retail permits in 32 Zones across the province. The SLGA is expected to award the permits via lottery by June, 2018. In addition, Choom™ has secured nine retail locations with applications submitted in Alberta and has secured seven retail locations in British Columbia, all of which are subject to necessary governmental approvals being granted. "We have now established a…

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TuesdayApr 17, 2018 10:25 am

CannabisNewsBreaks – Global Payout, Inc. (GOHE) Announces MoneyTrac Technology’s Planned Attendance at Bayked Event

Payment solutions company Global Payout, Inc. (OTC: GOHE) this morning announced that MoneyTrac Technology, Inc. (“MTRAC”), a company in which GOHE currently holds an 18 percent ownership stake, will be attending the Bayked Event in San Diego on April 20, 2018. Per the update, the event will host all of the major cannabis brands in San Diego and will provide an opportunity for MTRAC to continue expanding its network of cannabis companies. “Establishing a meaningful presence in the city that many of us here on the MoneyTrac team call home is something we believe is important,” Aaron Adler, founder of…

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TuesdayApr 17, 2018 9:51 am

CannabisNewsBreaks – EVIO, Inc. (EVIO) Names New Chief Financial Officer

EVIO, Inc. (OTCQB: EVIO), a leading provider of cannabis testing and scientific research for the regulated cannabis industry, this morning announced the appointment of David Kane as the company’s new Chief Financial Officer. Kane’s responsibilities will include supervision of all the financial operations of the company, such as financial planning and analysis, internal controls, accounting and financial reporting. “We are excited about David joining the EVIO team. His experience with multi-state growth companies, the cannabis industry, and the public markets provides a unique combination of experience and will help drive the future of EVIO. His experience with the cannabis industry…

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TuesdayApr 17, 2018 9:38 am

CannabisNewsBreaks – SinglePoint, Inc. (SING) Announces Completion of Corporate Audit

Specialized holding company SinglePoint, Inc. (OTCQB: SING) this morning announced the finalization and successful completion of its PCAOB corporate audit. Per the update, SinglePoint has been working closely with Turner Stone and Company in order to complete the 2016 and 2017 corporate audit, and it now intends to take the necessary steps to become fully reporting by filing a Form 10. By completing its corporate audit and filing a Form 10, SinglePoint expects to enjoy improved access to capital, available on better terms for the company, while creating a pathway for institutional and family offices to invest in SinglePoint via…

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MondayApr 16, 2018 12:05 pm

CannabisNewsBreaks – PreveCeutical Medical Inc. (CSE: PREV) (OTCQB: PRVCF) (FSE: 18H) Conducts Cannabinoid-based Sol-gel Product Research at University of Queensland

Health sciences company PreveCeutical Medical (CSE: PREV) (OTCQB: PRVCF) (FSE: 18H) recently announced the grant of three permits from the Australian government’s Department of Health that enable the importation of cannabis into Australia. The permits, which have been granted to the Pharmacy Australia Centre of Excellence (“PACE”) at the University of Queensland, will allow PACE to import cannabis plant material shipments for research purposes. An article discussing the company reads: “The intention of PreveCeutical is to apply its Sol-gel technology to cannabinoids for the development of therapies to relieve a variety of symptoms, including pain, inflammation, seizures and neurological disorders.…

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MondayApr 16, 2018 10:28 am

CannabisNewsBreaks – Pivot Pharmaceuticals Inc. (CSE: PVOT) (OTCQB: PVOTF) (FRA: NPAT) Terminates LOI for the Acquisition of Agro-Biotech

Vancouver-based biopharmaceutical company Pivot Pharmaceuticals Inc. (CSE: PVOT) (OTCQB: PVOTF) (FRA: NPAT) this morning reported that it has terminated the previously announced letter of intent (“LOI”) that it had entered into for the acquisition of Agro-Biotech. The company is currently reviewing its available legal alternatives to recover the amounts expended by the company in the pursuit of the transaction, as well as additional damages resulting from the non-completion of the transaction. "Despite our extensive efforts, we have been unable to complete the acquisition of Agro-Biotech in accordance with the terms and conditions initially agreed upon by the parties. While we…

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MondayApr 16, 2018 9:59 am

CannabisNewsBreaks – PotNetwork Holding, Inc. (POTN) Acquires Cryptocurrency Mining Facility

Cannabidiol-focused holding company PotNetwork Holding Inc. (OTC: POTN), through its Blockchain Crypto Technology Corporation subsidiary, this morning announced its acquisition of a purpose built, climate controlled cryptocurrency mining facility. Per the update, this facility will allow the company to diversify its investments by capitalizing on the lucrative bitcoin mining industry. The state of the art facility features 115 dedicated cryptocurrency mining rigs, which are expected to allow the company to handle future transactions related to its proprietary altcoin digital currency. By solidifying its position in the cryptocurrency space, PotNetwork will look to capitalize on the industry’s recent expansion and strong…

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