CannabisNewsBreaks

TuesdayApr 27, 2021 1:07 pm

CannabisNewsBreaks – Golden Leaf Holdings Ltd. (CSE: GLH) (OTCQB: GLDFF) Announces Record 2020 Revenues of $21.9M

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 its results for the fourth quarter 2020 and the year-ended December 31, 2020. Among the highlights, the company reported record total revenue of $21.9 million for FY 2020, a 39% year-over-year increase compared to $15.8 million for FY 2019. “2020 was the culmination of the transition we began in 2019. We set a course for positive cash flow and achieved that goal with support from vendors, commitment of our staff, executives, and directors,” said…

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MondayApr 26, 2021 3:28 pm

CannabisNewsBreaks – Pac Roots Cannabis Corp. (CSE: PACR) (OTCQB: PACRF) (FSE: 4XM) Eyes Several Expansion Initiatives

Pac Roots (CSE: PACR) (OTCQB: PACRF) (FSE: 4XM), an innovative genetics-based cannabis company located in Canada, has earmarked funds it raised through a completed private placement for several expansion initiatives. The proceeds from the sale totaled $1.34 million and will go towards financing the “installment payments and development activities on its Fraser Valley property, final commissioning of the Lake Country project, brand development and U.S. business development with Lords of Grasstown and for general working capital,” reports a recent article. Fraser Valley is known for its lush and pristine farming conditions: “Only 2.4% of the total land farmed in B.C.…

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MondayApr 26, 2021 3:19 pm

CannabisNewsBreaks – RYAH Group Inc. Closes Reverse Takeover with Potbotics

RYAH Group today announced the closing of its reverse takeover transaction with Potbotics Inc. According to the update, the transaction was effected by way of a triangular merger between RYAH Group, Potbotics and a wholly-owned, Florida subsidiary of the company pursuant to the laws of the state of Florida. The combined public company resulting from the transaction will carry on the business of Potbotics, engaged in the development and commercialization of various innovative technology solutions (both software and hardware) for the plant-based medical industry. On April 1, 2021, the company received conditional approval to list its subordinate voting shares on…

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MondayApr 26, 2021 10:52 am

CannabisNewsBreaks – Grapefruit USA Inc. (GPFT) Releases FY 2020 Financial Report

Grapefruit USA (OTCQB: GPFT), a premiere, fully licensed California-based cannabis company, has reported its financial numbers for fiscal year 2020. A highlight of the report is the company’s 714% year-over-year revenue growth. GPFT reported net revenues of $3,672,353 for the year ended Dec. 31, 2020, an increase of $3,221,157 over revenues of $451,196 for the year ended Dec. 31, 2019, an impressive increase considering the global pandemic. The company also announced that it has focused on renegotiating key terms of approximately $4.2 million convertible notes issued to its institutional investor. As a result of these modifications, the company has eliminated an…

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FridayApr 23, 2021 3:19 pm

CannabisNewsBreaks – Grapefruit USA Inc.’s (GPFT) Hourglass(TM) Is a Game Changer

Grapefruit USA (OTCQB: GPFT), a fully licensed manufacturer and distributor in the legal cannabis marketplace, has created a revolutionary product: The Hourglass(TM) THC+ Cannabinoid delivery cream. The cream solves two problems, the first being that cannabis lovers no longer need to ingest cannabinoids to enjoy them. “For the first time, cannabis enthusiasts can enjoy a full, discrete, convenient cannabis experience without rolling, smoking or vaping,” reads a recent article. Secondly, “Grapefruit’s disruptive cream solves the previous problem of THC and other cannabinoids not being easily absorbable through the skin. Using Grapefruit’s proprietary delivery system, Hourglass topical cream creates a Patchless…

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FridayApr 23, 2021 12:19 pm

CannabisNewsBreaks – Why Sonoma Biologics Corp. Is ‘One to Watch’

Sonoma Biologics is an ultra-premium cannabis cultivator whose goal is to become one of the largest organic-equivalent, environmentally friendly cannabis suppliers in northern California. To this end, the company has adopted several measures, including the use of solar power and sticking to organic cultivation methods. “Since entering the cannabis industry, Sonoma Biologics products have passed stringent California quality control laboratory testing each year,” reads a recent article. “The company exclusively adheres to organic cultivation methods, reinforcing its commitment to yielding the highest quality cannabis.” Sonoma operates in a region with favorable climate, a factor that has proved beneficial. “As the…

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FridayApr 23, 2021 10:56 am

CannabisNewsBreaks – Golden Leaf Holdings Ltd. (CSE: GLH) (OTCQB: GLDFF) Announces Second Annual Record-Breaking 420

Golden Leaf Holdings (CSE: GLH) (OTCQB: GLDFF), operating under Chalice Farms, a premier, consumer-driven cannabis company specializing in retail, production, processing, wholesale and distribution, has seen a 43% increase in recorded daily 4/20 revenues and a 68% increase in the past two years on the same store footprint. That growth comes as the company eyes additional partnership marketing opportunities in the Oregon market, including a vendor collaboration program, which the company piloted during the 2020 holiday season. In the announcement, the company noted that collaboration and co-marketing partnerships were at the heart of this year’s 420 performance, which saw the…

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ThursdayApr 22, 2021 12:20 pm

CannabisNewsBreaks – Pure Extracts Technologies Corp. (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ) Prepares to Ship 1st Vape Cartridge Orders to Provincial Distribution Channels

Pure Extracts Technologies (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ), a plant-based extraction company focused on cannabis, hemp, functional mushrooms and the rapidly emerging psychedelic sector, today announced that its wholly owned subsidiary, Pure Extracts Manufacturing Corp., has begun production of 25,000 vape cartridges for the Canadian retail market. Demand for Pure Extracts’ Pure Pulls branded 510 Vape cartridges is strong within the provincial markets, and the company estimates approximately $750,000 in retail sales revenue for this production run. The cartridges will be filled with a selection of Pure Extracts’ 30+ proprietary, full-spectrum-oil (“FSO”) formulations, including Super Lemon Haze, Grand Daddy…

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WednesdayApr 21, 2021 3:30 pm

CannabisNewsBreaks – XPhyto Therapeutics Corp. (CSE: XPHY) (OTCQB: XPHYF) (FSE: 4XT) Achieves Critical Step Toward Commercial Sales of ‘Covid-ID Lab’

XPhyto Therapeutics (CSE: XPHY) (OTCQB: XPHYF) (FSE: 4XT) today announced its entry into an agreement with an established German pharmaceutical wholesaler and service provider for the distribution, storage and logistics of XPhyto's diagnostic products in Germany. According to the update, the agreement secures XPhyto a full-service distribution partner for its 25-minute SARS-CoV-2 (COVID-19) RT-PCR test system ("Covid-ID Lab"). "With this agreement, we have secured a strong partner with an established medical distribution network throughout Germany. This is an exciting and critical step towards commercial sales of Covid-ID Lab," said Hugh Rogers, CEO and director of XPhyto. "The company's commercialization strategy…

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WednesdayApr 21, 2021 11:52 am

CannabisNewsBreaks – The Alkaline Water Company Inc. (NASDAQ: WTER) (CSE: WTER) Expands Partnership with America’s Largest Drugstore Chain

The Alkaline Water Company (NASDAQ: WTER) (CSE: WTER), the country’s largest independent alkaline water company, today announced the expansion of its existing partnership with the nation’s largest drugstore chain. Per the update, the chain is now set to carry Alkaline88(R) one-gallon bottles in approximately 8,000 stores nationwide and one-liter bottles in its “open-air coolers” across 1,000 select locations. “We are thrilled to announce that the nation’s largest drugstore chain will now start carrying our one-gallon and one-liter bottles in addition to our three-liter bottle,” said Ricky Wright, president and CEO of The Alkaline Water Company. “Over the past two years…

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