CannabisNewsBreaks

MondayMar 01, 2021 10:10 am

CannabisNewsBreaks – Grapefruit USA Inc. (GPFT) Provides Update on MOU with Canadian Cannabis Company, Potential JV

Grapefruit USA (OTCQB:GPFT), a premiere, fully licensed California-based cannabis company, is providing an update regarding the announcement of a potential acquisition transaction. The company earlier announced that a Canadian cannabis company had shown interest in entering  discussions involving an acquisition transaction; those discussions led to the two companies signing a memorandum of understanding (“MOU”) in February. The MOU outlines terms under which the parties could enter into a joint venture (“JV”) that would call for the joint manufacture, distribution and marketing in Canada of Grapefruit’s products, including but not limited to Grapefruit’s flagship Hourglass(TM) THC/cannabinoid time-release delivery cream. “As we…

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FridayFeb 26, 2021 10:56 am

CannabisNewsBreaks – Golden Leaf Holdings Ltd. (CSE: GLH) (OTCQB: GLDFF) Enters LOI for Accreditive Acquisition of Retail Chain

Golden Leaf Holdings (CSE: GLH) (OTCQB: GLDFF), a premier, consumer-driven cannabis company specializing in retail, production, processing, wholesale and distribution, today announced its entry into a non-binding letter of intent (“LOI”) to acquire a multi-store chain in Northwest Oregon. According to the update, the stores are expected to generate at least US$10 million in annual run rate revenue (based on unaudited January 2021 results) and had a net operating margin of 11% (unaudited) during fiscal 2020 (under U.S. GAAP). “The acquisition of this retail chain will be transformative for GLH, as it would further cement us as a leader in…

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ThursdayFeb 25, 2021 10:48 am

CannabisNewsBreaks – Pure Extracts Technologies Corp. (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ) Announces It Has Submitted Multiple SKUs to Health Canada for Approval

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, has submitted a Notice of New Cannabis Product (“NNCP”) application to Health Canada through its wholly owned subsidiary Pure Extracts Manufacturing Corp. The application requests Health Canada’s approval for more than 20 of Pure Extract’s retail cannabis products including cannabis extracts and edible cannabis such as THC and CBD vapes, and three flavors of gummies. Once approval is received, Pure Extracts anticipates offering the products under its Pure Pulls Vapes and Pure Chews Gummies branded…

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WednesdayFeb 24, 2021 2:57 pm

CannabisNewsBreaks – InvestorBrandNetwork (‘IBN’) and CannabisNewsWire (‘CNW’) Announce Expanded Collaboration with NECANN

InvestorBrandNetwork (“IBN”), a multifaceted financial news and publishing company, today announced the expansion of its ongoing collaboration with New England Cannabis Network (“NECANN”) that will encompass NECANN’s full slate of events throughout 2021 and 2022. Since 2014, NECANN has established a strong reputation as a thought leader within the North American cannabis sector, specializing in creating a series of must-attend events that educate attendees, showcase the latest innovations, provide networking opportunities, and offer a variety of investment options. IBN also announced that CannabisNewsWire (“CNW”), a specialized communications platform for the cannabis sector and one of the 50+ brands forming the…

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WednesdayFeb 24, 2021 12:51 pm

CannabisNewsBreaks – Hemptown Organics Corp. Expands Payment Options to Include Cryptocurrency

Hemptown Organics, a diversified hemp company doing business as Hemptown USA, committed to producing premium tobacco and smokable hemp products, on Tuesday announced that it will accept a host of cryptocurrency payments. Since its 2014 inception, Hemptown has grown to be one of the nation’s most respected hemp companies and continues to set the global industry standard for the burgeoning hemp-derived cannabinoid sector, championing the production of innovative and high-quality products. Given the advent of cryptocurrency and its convenient accessibility, Hemptown is pleased to begin accepting Bitcoin, Bitcoin Cash, DAI, Ethereum, Litecoin, and USD Coin. Effective immediately, customers can purchase…

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TuesdayFeb 23, 2021 12:32 pm

CannabisNewsBreaks – RIV Capital Inc. (formerly Canopy Rivers Inc.) (TSX: RIV) (OTC: CNPOF) Closes Plan of Arrangement to Pave Way for U.S. Market Entry

RIV Capital (formerly Canopy Rivers) (TSX: RIV) (OTC: CNPOF) has completed the previously announced plan of arrangement involving Canopy Growth Corporation (TSX: WEED) (NASDAQ: CGC). Under the arrangement, RIV Capital, through its wholly-owned subsidiary, RIV Capital Corporation (formerly Canopy Rivers Corporation), transferred its interests in TerrAscend Corp., TerrAscend Canada Inc., Les Serres Vert Cannabis Inc. ("Vert Mirabel") (other than the shares transferred to Serres Bertrand), and The Tweed Tree Lot Inc. (collectively, the "transferred assets") to Canopy Growth. The assets were transferred in exchange for approximately $115 million in cash, 3,647,902 common shares of Canopy Growth (having a value of…

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TuesdayFeb 23, 2021 11:47 am

CannabisNewsBreaks – Pure Extracts Technologies Corp. (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ) Submits Sales License Application to Health Canada

Pure Extracts Technologies (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ), a plant-based extraction company specializing in cannabis, hemp, functional mushrooms and the rapidly emerging psychedelic sector, announced that, through its wholly owned subsidiary Pure Extracts Manufacturing Corp., it has submitted an application to Health Canada to amend its current license to permit the sale of cannabis extract products. Pure Extracts plans to sell such extracts to provincially authorized distributors and retailers nationwide. This announcement comes on the heels of the company entering a distribution agreement with a large Canadian Licensed Producer to distribute Pure Extracts’ vape and edible products. The company…

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TuesdayFeb 23, 2021 11:26 am

CannabisNewsBreaks – The Alkaline Water Company Inc. (CSE: WTER) (NASDAQ: WTER) Enters Strategic Agreement to Distribute Brands Across Arizona

The Alkaline Water Company (CSE: WTER) (NASDAQ: WTER), a producer of premium bottled alkaline water and flavor-infused water products, today announced that it is partnering with Hensley Beverage Company, a local direct-store-delivery (“DSD”) provider, to distribute its beverage brands across Arizona. “We are pleased to announce we have entered into an agreement with Hensley Beverage Company, an Anheuser-Busch InBev distributor,” said Ricky Wright, president and CEO of The Alkaline Water Company. “Hensley is one of the largest and most respected family-owned beverage distributors in the nation. They service all of Arizona, and its customer base includes over 9,000 retail locations.…

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TuesdayFeb 23, 2021 10:00 am

CannabisNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Subsidiary Unveils New Line Hemp-Derived CBD Supplements Designed for Sport Enthusiasts

The Green Organic Dutchman (TSX: TGOD) (OTCQX: TGODF), a leading producer of premium certified organically grown cannabis, has announced that its subsidiary HemPoland has launched CannabiGold Sport, a line of hemp-derived, CBD supplements designed specifically for both professional and amateur athletes. The supplements, which combine CBD with plant-derived ingredients and vitamins, are available in five formulations, with each formulation tailored to different stages of training. Initially launched in Poland, Germany and the UK, the company plans to expand into other European countries; distribution outside Europe may be a possibility in the future. "Expanding our CannabiGold portfolio is at the core of our…

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MondayFeb 22, 2021 12:43 pm

CannabisNewsBreaks – Pac Roots Cannabis Corp. (CSE: PACR) (OTCQB: PACRF) Marks Major Milestone Through Lords of Grasstown Acquisition

Pac Roots (CSE: PACR) (OTCQB: PACRF) (“PacRoots”) today announced the closing of a share purchase agreement with the shareholders of Lords of Grasstown Holdings Ltd., a company existing under the laws of British Columbia (“Grasstown”). Under the agreement, the company will acquire all issued and outstanding shares of Grasstown, a well-established cannabis motorcycle lifestyle brand with a tremendous following and acumen that spawned from the vision of Tyler Hazelwood, founder and director of Lords of Gastown. “This acquisition marks a major milestone for the company with a move into the U.S. Cannabis Market, predominantly in California, with the Grasstown Brand,”…

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