CannabisNewsBreaks

ThursdayMay 20, 2021 11:28 am

CannabisNewsBreaks – Grapefruit USA Inc. (GPFT) Issues Update Regarding Potential Acquisition, Joint Venture with Canadian Partner

Grapefruit USA (OTCQB: GPFT), a premiere, fully licensed California-based cannabis company, today issued an update to its March 1, 2021, announcement that it had been approached by a Canadian cannabis company to enter into discussions concerning a potential acquisition transaction. The discussions evolved to include development of a memorandum of understanding (“MOU”) setting forth terms under which the parties could enter into a joint venture to jointly manufacture, distribute and market Grapefruit’s products, including, but not limited to, Grapefruit’s patented disruptive Hourglass(TM) THC/cannabinoid time-release delivery cream throughout Canada. A March 8 announcement indicated that the Canadian partner noticed a special…

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ThursdayMay 20, 2021 10:50 am

CannabisNewsBreaks – Golden Leaf Holdings Ltd. (CSE: GLH) (OTCQB: GLDFF) Announces Timing of Corporate Name Change, Share Consolidation

Golden Leaf Holdings (CSE: GLH) (OTCQB: GLDFF) today announced that, pursuant to the shareholder approval obtained at its annual and special meeting (“AGM”) held on May 10, 2021, the company is enacting the consolidation of its common shares on the basis of one (1) post-consolidation common share for every twenty-three (23) pre-consolidation common shares (the "consolidation"), as well as the change of its name from “Golden Leaf Holdings Ltd.” to “Chalice Brands Ltd.” (the “name change”). According to the update, the consolidation and name change will take effect on Tuesday, May 25, 2021, and the company's common shares will also…

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ThursdayMay 20, 2021 10:18 am

CannabisNewsBreaks – Green Hygienics Holdings Inc. (GRYN) Enters Agreement with Leading Mexican Academic Research Institution to Advance ECS Research

Green Hygienics Holdings (OTCQB: GRYN), an innovative, technology-driven enterprise focused on the high standard cultivation and processing of industrial hemp and manufacturing of pharmaceutical-grade bioactive cannabinoids, announced that it partnered with Cinvestav, the Center for Research and Advanced Studies of the National Polytechnic Institute (Centro de Investigación y de Estudios Avanzados del Instituto Politécnico Nacional). The scientific research collaboration agreement is aimed at advancing R&D efforts through the characterization and development of cannabinoid-based products targeting endocannabinoid system (“ECS”) deficiencies in both animals and humans. Cinvestav is a leading Mexican multidisciplinary scientific research institution, ranking fourth among research centers in Latin…

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WednesdayMay 19, 2021 3:44 pm

CannabisNewsBreaks – Sonoma Biologics Corp. Stands Distinct with Science-Based Approach

Sonoma Biologics, a producer of high-quality, low-cost cannabis, was founded by the Caracciolos, who had a background in science, specifically in the biotech industry. This background has influenced the founders’ operations, helping them develop standard protocols for cultivation, precisely calibrated to grow high-quality crops. This approach was key in building Sonoma’s reputation as a grower of ultra-premium Pinot Noir grapes, making it a supplier of these grapes to world-class winemakers in the Russian River Valley of Sonoma County. With the legalization of cannabis in California, Sonoma then ventured into hemp cultivation and has utilized a similar science-based approach. A recent…

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WednesdayMay 19, 2021 2:26 pm

CannabisNewsBreaks – Pure Extracts Technologies Corp. (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ) Poised to Meet Demands of ‘Cannabis 2.0’

Pure Extracts Technologies (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ) is positioned in a market that is still relatively scant for certified extractors able to meet demand for concentrates from cannabis biomass. Having just achieved a milestone moment with commencement of production of 25,000 vape cartridges for the Canadian retail market, the company is set for opportunity amid “Cannabis 2.0,” a post-legalization era in Canada that has seen new consumption trends with accessibility of goods like drinks and vape products. “Demand for Pure Extracts’ Pure Pulls branded 510 Vape cartridges is strong in the provincial markets in Canada,” reads a recent…

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WednesdayMay 19, 2021 2:19 pm

CannabisNewsBreaks – Golden Leaf Holdings Ltd. (CSE: GLH) (OTCQB: GLDFF) Closes Acquisition of Oregon-Based Retail Store Chain

Golden Leaf Holdings (CSE: GLH) (OTCQB: GLDFF), operating as Chalice Brands, a premier, consumer-driven cannabis company specializing in retail, production, processing, wholesale and distribution, today announced the signing of a definitive agreement today, May 19, and concurrent closing of the purchase of 100% ownership in SMS Ventures, LLC, dba Homegrown Oregon, a chain of five retail dispensaries located in Portland, Salem and Albany, Oregon. “Management is excited to combine with Homegrown and fully expects to continue its migration to better valuations for shareholders as we continue to execute our acquisition strategy. As part of our West Coast-focused growth strategy, we…

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TuesdayMay 18, 2021 2:20 pm

CannabisNewsBreaks – The Alkaline Water Company Inc. (NASDAQ: WTER) (CSE: WTER) Announces A88CBD Partnership with Barstool Sports

The Alkaline Water Company (NASDAQ: WTER) (CSE: WTER), the country’s largest independent alkaline water company, has teamed up again with Barstool Sports, a series of network podcasts. As part of the brand partnership, WTER’s A88CBD(TM) line will be featured on eight network podcasts, including Short Porch and Section 10; the brand will also be featured on the social media accounts related to the respective podcasts. WTER’s A88CBD brand sources, produces and refines industry-leading CBD (“CBD”) (cannabidiol) commodities designed to enrich the daily wellness routines of their customers. WTER is committed to creating quality, hemp-derived CBD products, with  CBD sourced from…

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TuesdayMay 18, 2021 10:36 am

CannabisNewsBreaks – Grapefruit USA Inc.’s (GPFT) New CBD Hourglass E-Commerce Store Now Accepting Crypto Payments

Grapefruit USA (OTCQB: GPFT), a diversified California-based cannabis and hemp company, today announced it has commenced accepting cryptocurrency as payment at its recently launched e-commerce store. Grapefruit’s customers who prefer to use Bitcoin, Ether, Bitcoin Cash, Litecoin, Dogecoin or Monero will now have the option to “convert” their crypto of choice at checkout to make purchases. “Grapefruit’s THC-free hemp-derived CBD Hourglass technology-driven products, just like cryptocurrencies and the blockchain, are the future, and Grapefruit’s acceptance of crypto as payment demonstrates GPFT’s outreach to the explosively growing demographic of crypto early adopters and other ‘younger’ buyers who also seek the holistic…

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MondayMay 17, 2021 1:13 pm

CannabisNewsBreaks – Grapefruit USA Inc. (GPFT) Able to Tailor Hourglass (TM) to Specific Needs

Grapefruit USA (OTCQB: GPFT), a fully licensed premier manufacturer and distributor in the legal cannabis marketplace, has, through its patented Hourglass(TM) topical cream, solved the challenge of skin absorption of THC and other cannabinoids, including CBD, CBN, CBG, and CBC. The cream also offers additional benefits. “The architecture of Hourglass gives the company the ability to formulate endless variations of its topical delivery cream to tailor to the specific needs of its clientele,” reads a recent article. “Hourglass is manufactured exclusively at Grapefruit’s Coachillin’ facility by highly trained Grapefruit personnel and is available to the public only through Grapefruit authorized…

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MondayMay 17, 2021 1:01 pm

CannabisNewsBreaks – Sugarmade Inc. (SGMD) Completes Lemon Glow Acquisition

Sugarmade (OTC: SGMD), a product and branding marketing company investing in operations and technologies with disruptive potential, announced that it has closed on its previously announced acquisition of Lemon Glow Company Inc., including all of the company’s assets, interests, property and rights, The acquisition includes 640 acres in Lake County, California, outside of the Commercial Cannabis Cultivation Exclusion Zones; a portion of that property has already been designated for outdoor cannabis cultivation. The announcement noted that the estimated annual potential cultivation yield from the property is approximately 4,000 pounds of dry trimmed cannabis flower per acre per year, which translates…

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