CannabisNewsBreaks Archive - Page 104 of 429

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…

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.…

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…

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…

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…

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…

WednesdayMay 26, 2021 1:55 pm

CannabisNewsBreaks – Why BevCanna Enterprises Inc. (CSE: BEV) (OTCQB: BVNNF) (FSE:7BC) Is ‘One to Watch’

BevCanna Enterprises (CSE: BEV) (OTCQB: BVNNF) (FSE: 7BC), based in British Columbia, Canada, and founded in 2017, is a diversified health and wellness beverage and natural products company. BevCanna is focused on developing and manufacturing a range of plant-based and cannabinoid beverages and supplements. The company offers end-to-end turnkey beverage manufacturing solutions. A recent article discussing this reads, “BevCanna is a manufacturer of traditional and cannabis-infused beverage brands serving a growing roster of white-label clients in addition to operating a portfolio of in-house and partner brands. The company offers a full-service white-label beverage manufacturing solution.” To view the full article,…

WednesdayMay 26, 2021 1:17 pm

CannabisNewsBreaks – The Alkaline Water Company Inc. (NASDAQ: WTER) (CSE: WTER) Expands International Reach with 1st Caribbean Distribution Partnership

The Alkaline Water Company (NASDAQ: WTER) (CSE: WTER), the largest independent alkaline water company in the United States, today announced its first Caribbean distribution partnership with SaluVid, a division of TraFon Group, who will market and promote the distribution and sales of the company’s products throughout Puerto Rico and other select Caribbean islands. “Our recently announced brokerage agreement with Bellator Group has already led to a new distribution partnership, further advancing our goal of international expansion this year,” said Ricky Wright, president and CEO of The Alkaline Water Company. “TraFon Group has a strong local network in Puerto Rico, which…

WednesdayMay 26, 2021 9:32 am

CannabisNewsBreaks – Grapefruit USA Inc. (GPFT) Releases Q1 2021 Financial Numbers, Chooses SRAX Inc. (NASDAQ: SRAX) as Communications Partner

Grapefruit USA (OTCQB: GPFT), a California-based cannabis company, has partnered with SRAX Inc. (NASDAQ: SRAX), an investor relations and communications marketing firm, to strengthen its brand and product line as well as increase awareness of its new e-commerce site and related affiliate program. In the announcement Grapefruit cited SRAX’s novel data-driven approaches to marketing and the company ability to create awareness of stock as key factors in its decision. In addition, the company has filed its quarterly report for the period ended March 31, 2021. The report included disappointing numbers for the company, including net revenues of $350,815, a decrease of…

TuesdayMay 25, 2021 1:26 pm

CannabisNewsBreaks – Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) Unveils High Times THC Products Across Michigan

Red White & Bloom Brands (CSE: RWB) (OTCQX: RWBYF) has launched its High Times-branded THC products at 23 dispensaries, or provisioning centers, across Michigan. The company reported its overall sell-through rate for wholesale customers after the first two weeks surpassed 60%. Red White & Bloom Brands noted that in June, it will launch the second line of the brand, which includes vapes, concentrates and edibles; those products will be available to an expanded wholesale network of dispensaries. The announcement also noted that RWBYF is planning continued limited product drops and collaborations throughout the brand kick-off campaign. The High Times products…

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