CannabisNewsBreaks

WednesdayApr 28, 2021 11:36 am

CannabisNewsBreaks – Pure Extracts Technologies Corp. (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ) Subsidiary Signs Tolling Agreement, Takes Delivery of CBD

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, announced that its wholly owned subsidiary, Pure Extracts Manufacturing Corp., has entered into a tolling agreement. The agreement outlines the extraction of 80–85% pure CBD distillate from an initial 500 kgs of hemp biomass, sourced from one of Pure Extracts’ preferred suppliers. The distillate has a CBD potency of over 10%. The announcement noted that the biomass has a specific particulate mill size and runs efficiently on PULL’s Vitalis R200 sub/super-critical CO2 extraction system. The company…

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WednesdayApr 28, 2021 11:17 am

CannabisNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) Announces Amended Debentures Approved for Listing

Plus Products (CSE: PLUS, PLUS.DB.A) (OTCQX: PLPRF), a cannabis and hemp-branded products company in the United States, has received final confirmation from the Canadian Securities Exchange (“CSE”) that its amended debentures have been approved for listing on the exchange. Trading is expected to resume today using the stock symbol PLUS.DB.A. Plus Products is dedicated to bringing balance to people’s lives through nature. The company accomplishes that purpose by offering high-quality products that provide consumers with consistent cannabis experiences. To view the full press release, visit https://cnw.fm/M5ZZh About Plus Products Inc. PLUS is a hemp and cannabis food company focused on…

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WednesdayApr 28, 2021 10:50 am

CannabisNewsBreaks – Red White & Bloom Brands Inc. (CSE: RWB) (OTC: RWBYF) Completes Acquisition of Acreage Holdings Inc.’s (CSE: ACRG.A.U) (OTCQX: ACRDF) Florida Operations

Red White & Bloom Brands (CSE: RWB) (OTC: RWBYF) has announced that, through its subsidiary RWB Florida LLC, the company has closed on the acquisition of all of the issued and outstanding shares of Acreage Florida Inc. from High Street Capital Partners LLC, a subsidiary of Acreage Holdings Inc. (CSE: ACRG.A.U, ACRG.B.U) (OTCQX: ACRDF, ACRHF). Also included in the acquisition was specific owned and leased real estate assets used in Acreage Florida’s operations as well as the sale of 15 acres of property and a 4,000-square-foot office building located in Sanderson, Florida. RWB Florida is Red White & Bloom Brands new…

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TuesdayApr 27, 2021 1:57 pm

CannabisNewsBreaks – The Alkaline Water Company Inc. (NASDAQ: WTER) (CSE: WTER) Enters Strategic Agreement with Creekside Springs Amid Increased Retail Sales

The Alkaline Water Company (NASDAQ: WTER) (CSE: WTER), the country’s largest independent alkaline water company, today announced its entry into a contract packaging agreement with Creekside Springs LLC of Ambridge, Pennsylvania, to produce Alkaline88(R) bottled water products for the region. “This move is important as our retail sales continue to increase. With the addition of major retailers and anticipated SKU expansion in up to 16,000 current retail locations, it is critical to stay ahead of consumer demand for Alkaline88,” said Richard A. Wright, president and CEO of The Alkaline Water Company. “Creekside Springs is a great operator. Their western Pennsylvania…

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TuesdayApr 27, 2021 1:31 pm

CannabisNewsBreaks – Hero Technologies Inc. (HENC) Announces Plans for Profitability, Sustainability in Proprietary Indoor Cannabis-Growing System

Hero Technologies (OTC: HENC), a cannabis company focused on a vertically integrated strategy, has shared estimated numbers for its exclusive indoor cannabis-growing system. The system will feature proprietary technology for aeroponic cultivation and high-efficiency sun chambers from HENC’s subsidiary, BlackBox Systems and Technologies Inc. The company anticipates that the new system will produce cannabis that can be sold at ~$100 per pound and that is grown in an environmentally sustainable process. Traditional methods for indoor cannabis cultivation indoors often require significant amounts of electricity, which result in associated emissions that leave a relatively large carbon footprint. The proprietary system HENC will…

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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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