CannabisNewsBreaks

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…

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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 —…

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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…

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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…

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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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FridayMay 28, 2021 9:59 am

CannabisNewsBreaks – BevCanna Enterprises (CSE: BEV) (OTCQB: BVNNF) (FSE: 7BC) Inks Deal with Top U.S. Inventory, Fulfillment Technology Provider

BevCanna Enterprises (CSE: BEV) (OTCQB: BVNNF) (FSE: 7BC), a diversified health and wellness beverage and natural products company, this morning announced that it has signed a partnership with an award-winning U.S. inventory and fulfillment technology platform provider. With hundreds of professionally operated fulfillment centers strategically situated throughout the United States, the partnership provides BevCanna access to a reliable fulfillment platform as well as two-day shipping anywhere in the country. “We’re pleased to be able to leverage this unique logistics systems in the U.S. launch of our TRACE line of products,” BevCanna Enterprises President Melise Panetta stated in the news release.…

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ThursdayMay 27, 2021 1:29 pm

CannabisNewsBreaks – Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) Completes Pre-Qualification for Entry into Michigan Market

Red White & Bloom Brands (CSE: RWB) (OTCQX: RWBYF) today announced that it has completed the more comprehensive portion of Michigan’s two-step application process for marijuana licensing through a wholly owned operating subsidiary, RWB Michigan LLC. The Marijuana Regulatory Agency (“MRA”) pre-qualification represents authorization of the company to proceed with its full operational strategy in the state and complete the licensing process for its intended facilities. All application materials, background checks and payment of the application fees have been completed as part of the first step, which is pre-qualification. “Michigan has been one of the highest bars of entry to any…

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ThursdayMay 27, 2021 12:47 pm

CannabisNewsBreaks – Sonoma Biologics Corp. Leveraging Soil, Sunshine to Do Cannabis Cultivation Right

Sonoma Biologics, a producer of high-quality, low-cost cannabis, has passed stringent California quality control laboratory testing year after year and continues to adhere strictly to organic cultivation methods. The weather in Sonoma county also favors its outdoor cultivation practices and, according to Evan Mills, a writer for Future Tense, this is the right way of doing it. “The California weather makes it ideal for growing cannabis outdoors, minimizing the need for climate control or artificial lighting and lowering the cost of production,” reads a recent article. “In To Make Cannabis Green, We Need to Grow it Outdoors, Mills highlights the…

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ThursdayMay 27, 2021 11:43 am

CannabisNewsBreaks – Hero Technologies Inc. (HENC) Strengthens Balance Sheet with Veteran Hemp

Hero Technologies (OTC: HENC) recently received an independent third-party valuation and purchase price allocation for the acquisition of the assets of Veteran Hemp Co. “In November 2020, Hero Technologies entered into a purchase agreement to acquire all the assets of Veteran Hemp Co. from Patriot Shield National LLC,” reads a recent article. Veteran Hemp Co., which offers hemp that is tested, tasted and veteran approved, is committed to providing quality, consistent, delicious product, and it accomplishes this by working with the best farmers in the country, delivering the best genetics, helping at every point along the way, and packaging only…

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ThursdayMay 27, 2021 10:41 am

CannabisNewsBreaks – HempFusion Wellness Inc. (TSX: CBD.U) (OTCQX: CBDHF) (FWB: 8OO) Partners with Olympic Gold Medalist and World Champion Kaillie Humphries

HempFusion Wellness (TSX: CBD.U) (OTCQX: CBDHF) (FWB: 8OO), a leading health and wellness company offering premium probiotic supplements and products containing CBD, today announced an exclusive partnership with two-time Olympic Gold Medalist and five-time World Champion Kaillie Humphries. According to the update, HempFusion CBD and Probulin Probiotics will be Kaillie’s exclusive sponsors in their respective categories through February’s Olympic Games in Beijing 2022 where she is the front-runner for gold for Team USA in both the Two-woman Bobsleigh and the newly introduced Women’s Monobob. “I’m excited to join the HempFusion family of brands,” said Humphries. “When you train as hard…

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