CannabisNewsBreaks Archive - Page 103 of 429

WednesdayJun 02, 2021 12:03 pm

CannabisNewsBreaks – Chalice Brands Ltd. (CSE: CHAL) (OTCQB: GLDFF) Announces OTC Ticker Symbol Change Effective June 3, 2021

Chalice Brands (CSE: CHAL) (OTCQB: GLDFF), formerly Golden Leaf Holdings Ltd., a premier consumer-driven cannabis company specializing in retail, production, processing, wholesale, and distribution, today announced a change in the company's stock symbol trading on the OTCQB(R) Venture Market. According to the update, the company's common shares will trade on the OTCQB under the symbol "CHALF" effective June 3, 2021. The previous trading symbol was "GLDFF." To view the full press release, visit https://cnw.fm/CsM7b About Chalice Brands Ltd. Chalice Brands is a premier consumer-driven cannabis company specializing in production, processing, wholesale, distribution, and retail, with 12 dispensaries in Portland, Oregon.…

WednesdayJun 02, 2021 11:28 am

CannabisNewsBreaks – Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) Releases Select Q1 2021 Operating Highlights

Red White & Bloom Brands (CSE: RWB) (OTCQX: RWBYF), a multistate cannabis operator and house of premium brands, is reporting some business highlights for Q1 2021 and 2020 fiscal year. Those highlights include adjusted sales for the first quarter 2021 totaling an estimated C$32.2 million, which is a sequential increase of 2.4% from Q4 2020’s adjusted sales of $31.4 million. The company also achieved positive adjusted EBITDA of C$460,000 for Q1 2021. The company noted that these numbers do not include RWB Michigan, whose assets are currently being migrated to RWB; RWB Florida, which closed on April 28, 2021; or RWB…

WednesdayJun 02, 2021 10:23 am

CannabisNewsBreaks – BevCanna Enterprises Inc. (CSE: BEV) (OTCQB: BVNNF) (FSE: 7BC) Announces Naturo Group Agreement with Leading Distributor

BevCanna Enterprises (CSE: BEV) (OTCQB: BVNNF) (FSE: 7BC), an emerging leader in innovative health and wellness beverages and products, has finalized an agreement through its wholly owned subsidiary Naturo Group with Koyo Foods Inc. Koyo Foods is a leading Eastern Canadian wholesaler distributor with a portfolio of more than 2,000 products. The contract calls for Koyo Foods to distribute Naturo Group’s TRACE line of products throughout Ontario and Quebec. The announcement noted that Koyo Foods has already received initial orders for TRACE products from a number of retailers. Koyo Foods has built a reputation for expanding its distribution network as well as carrying…

TuesdayJun 01, 2021 2:57 pm

CannabisNewsBreaks – Chalice Brands Ltd. (CSE: CHAL) (OTCQB: GLDFF) Leveraging Retail for Pulse on Consumer Preferences, Trending

Chalice Brands (CSE: CHAL) (OTCQB: GLDFF), a consumer-driven cannabis company in medicinal and recreational marijuana market segments, greatly values its customers. To this end, the company looks at its Chalice Farms retail outlets, located in Portland, as a source of instant customer feedback. In addition, the company has committed to creating a differentiated, inviting and engaging customer experience through an approach to running its retail stores that is similar to the Apple store model. A recent article quotes the company’s CEO Jeff Yapp as saying, “Our retail stores provide a daily report as to what products are working best and…

TuesdayJun 01, 2021 12:32 pm

CannabisNewsBreaks – RYAH Group Inc. (CSE: RYAH) Completes Initial Shipment for Major Plant-Based Medicine Trial

RYAH Group (CSE: RYAH) today announced that it has completed the first shipment of the RYAH Smart Dry Herb Inhalers, which includes a delivery of approximately 10,000 RYAH Cartridges and QR Codes to an international clinic undertaking one of the world’s largest and most comprehensive clinical trials in plant-based medicine. The initial shipment is designated to be used by the clinic in a pilot run in preparation for the previously announced, UK-based study on the safety and efficacy of cannabis and hemp for the treatment of patients suffering from chronic pain. “We are pleased to bring RYAH’s IoT device and…

TuesdayJun 01, 2021 10:52 am

CannabisNewsBreaks – Grapefruit USA Inc. (GPFT) Issues Progress Update for Key Business Areas

Grapefruit USA (OTCQB: GPFT), a premiere, fully licensed California-based cannabis and hemp company, today provided an update with respect to previously issued press releases concerning the company’s progress in certain key areas of its business. “Over the last several months, our Hourglass product team has received extremely positive product feedback and internal reviews from our product testers and retail customers after their regular use of both our hemp-based CBD Hourglass and THC-based Hourglass topicals, which is extremely gratifying for the company and at base shows that the technology works,” said Grapefruit CEO Bradley J. Yourist. “In an effort to keep…

FridayMay 28, 2021 1:18 pm

CannabisNewsBreaks – Pac Roots Cannabis Corp. (CSE: PACR) (OTCQB: PACRF) (FSE: 4XM) Seeks to Expand Production as It Enters Lucrative Market

Pac Roots (CSE: PACR) (OTCQB: PACRF) (FSE: 4XM), a company that uses a genetics-based cultivation approach to differentiate itself from competitors, has thus far focused its efforts on the Canadian market. Recently, however, the company announced the closing of a purchase agreement with the shareholders of Lords of Grasstown Holdings Ltd., a move that heralds its entry into the lucrative U.S. legal cannabis market in addition to broadening its product portfolio. At the same time, Pac Roots has sought “to expand production, most recently through the acquisition of a substantial, 250-acre restriction-free plot of land in the Fraser Valley —…

FridayMay 28, 2021 12:52 pm

CannabisNewsBreaks – The Alkaline Water Company Inc. (NASDAQ: WTER) (CSE: WTER) Is Making Waves in Megatrend Space

The Alkaline Water Company (NASDAQ: WTER) (CSE: WTER) today announced the availability of a broadcast titled, “M&A Activity Picks Up in F&B Sectors, Including Functional Water Assets Space.” The piece discusses opportunity amid the megatrend in increasing consumer health consciousness towards enhanced water as a replacement for sugary drinks. According to the broadcast, “The Alkaline Water Company Inc. (NASDAQ: WTER) (CSE: WTER) is the largest independent player in the alkaline water market that is expected to reach $1 billion by next year. As the name implies, the Scottsdale, Arizona-based company specializes in producing drinking water with trace minerals and electrolytes…

FridayMay 28, 2021 12:37 pm

CannabisNewsBreaks – XPhyto Therapeutics Corp. (CSE: XPHY) (OTCQB: XPHYF) (FSE: 4XT) Eyes Potential Expansion of ‘Covid-ID Lab’

XPhyto Therapeutics (CSE: XPHY) (OTCQB: XPHYF) (FSE: 4XT), a bioscience technology accelerator, recently received the CE-IVD approval (European certification) of its 25-minute COVID-19 RT-PCR test kits (“Covid-ID Lab”). The approval facilitated initial sale and distribution of the Covid-ID Lab in Germany and, later, other parts of Europe, the Middle East and North America. The company also recently announced delivery of 2,000 units of Covid-ID Lab to an established medical distributor in Israel. This, subject to commercial regulatory approval and subsequent potential product distribution, signaled XPhyto’s entry into the Middle East. “These units will be used for clinical evaluation based on…

FridayMay 28, 2021 11:53 am

CannabisNewsBreaks – Gage Cannabis Co. Announces First-Quarter 2021 Numbers, Corporate Update

Gage Growth Corp. (CSE: GAGE) (d.b.a. Gage Cannabis), a leading high-quality craft cannabis brand and operator in Michigan, has released its Q1 2021 financial and business results. The report included record revenue for the quarter of $17.6 million, an increase of 219.4% year over year, and 67.9% quarter over quarter, as well as gross margins of 26.1% compared to 17.3% in Q4 and sequential quarter growth of 880 basis points. The report noted that the strong quarter-over-quarter growth resulted primary from cultivation capacity expansion and two new dispensary openings. In addition, the company noted that it ended the quarter with…

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