CannabisNewsBreaks Archive - Page 122 of 429

MondayFeb 22, 2021 10:48 am

CannabisNewsBreaks – Grapefruit USA Inc. (GPFT) Obtains California Trademark Protection for Flagship Hourglass Cream

Grapefruit USA (OTCQB:GPFT), a premiere, fully licensed California-based cannabis company, announced that it has secured trademark protection for its Hourglass name and logo. The now-protected name and logo are used on Grapefruit’s patented disruptive Hourglass(TM) THC/cannabinoid time-release delivery cream. With the approved trademark, the Hourglass name and logo are now categorized as protected intellectual property rights of Grapefruit USA Inc. That status means that no other company operating in the cannabis space can use the property; the announcement noted that Grapefruit also possesses common-law, first-in-time, trademark protection to Hourglass. In addition, the company has secured California trademark and service mark…

MondayFeb 22, 2021 10:16 am

CannabisNewsBreaks – XPhyto Therapeutics Corp. (CSE: XPHY) (OTCQB: XPHYF) (FSE: 4XT) Announces Expedited Formation of Team to Launch Test System, Also Comments on Lawsuit Against German Subsidiary

XPhyto Therapeutics (CSE: XPHY) (OTCQB: XPHYF) (FSE: 4XT) announced that it has accelerated the creation of a commercial team formed to launch its point-of-care COVID-19 RT-PCR (“RT-PCR”) test system, called the COVID ID Lab. The lab was developed by XPhyto's exclusive German diagnostics development partner, 3a-diagnostics GmbH ("3a"). It is anticipated that 3a will receive ISO 13485 medical device manufacturer approval by the end of February; European regulatory approval should be received by early March. The announcement noted that the market launch team consists of highly skilled clinical and pharmaceutical executives and service providers with the expertise and background to rapidly…

FridayFeb 19, 2021 2:34 pm

CannabisNewsBreaks – Gage Growth Corp. Introduces Proprietary Curated Cannabis Experience to West Michigan

Gage Growth Corp. (d.b.a. Gage Cannabis), a leading vertically integrated cannabis operator currently focused exclusively on the Michigan market, continues to capitalize on the legalization of the recreational use of cannabis in the state by opening its sixth location. The 4,018-square-foot store, the first in West Michigan, is “At this time… only open to medical marijuana cardholders, with orders available for curbside pick-up only.” The company’s focus is “to curate the highest-quality cannabis experience possible for its consumers.” A recent article discussing this reads, “Gage Cannabis accomplishes this by growing its own plants in small batches… Every plant is handpicked,…

FridayFeb 19, 2021 12:23 pm

CannabisNewsBreaks – Willow Biosciences Inc. (TSX: WLLW) (OTCQX: CANSF) Secures $28.75M in Bought Deal Offering

Willow Biosciences (TSX: WLLW) (OTCQX: CANSF) has closed its previously announced upsized bought deal offering of 17,424,800 common shares of the company, each at a price of $1.65, including 2,272,800 common shares issued per the full exercise of the over-allotment option. Willow Biosciences secured aggregate gross proceeds of approximately $28.75 million in the offering, which was comprised primarily of existing cornerstone shareholders and new institutional buyside funds. "We're very pleased with the results of the offering, the proceeds of which will allow the company to accelerate capital spending towards execution of our commercialization plan for our existing portfolio cannabinoids and…

FridayFeb 19, 2021 11:36 am

CannabisNewsBreaks – Benzinga Cannabis Capital Conference to Showcase Industry Innovators, Latest Trends

The Benzinga Cannabis Capital Conference, known as the premier gathering of cannabis entrepreneurs and investors in North America, will return for its tenth installment in an entirely digital format on Feb. 25-26, 2021. The event brings together some of the industry’s leading cannabis companies to shine the spotlight on their latest developments and meet with existing and potential investors. The forum features a series of enlightening keynote addresses and a succession of one-on-one meetings designed to bring financiers in contact with some of the sector’s most exciting and innovative corporations. This year’s event will host a series of live presentations…

FridayFeb 19, 2021 10:28 am

CannabisNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Announces Plans for Valleyfield Site

The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF), a leading producer of premium, certified organically grown cannabis, today unveiled plans to monetize under-utilized assets at its Valleyfield site. In 2019 TGOD made the strategic decision to use its Valleyfield site as a processing hub while maintaining the option to start cultivation at a later date. According to the update, TGOD has now retained the services of a commercial real estate advisor to identify potential buyers for its Valleyfield site, focused on the state-of-the-art hybrid main greenhouse. Multiple bids are under consideration, and the transaction could result in a complete…

ThursdayFeb 18, 2021 11:22 am

CannabisNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Sweetens Premium Portfolio to Add Organic Sugar Bush

The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF), a leading producer of premium, certified organically grown cannabis, today announced the addition of Organic Sugar Bush to its portfolio of premium strains. "When planning TGOD's premium portfolio, I wanted a special strain with a unique Canadian twist, a differentiated product that would appeal to Canadian users," said TGOD's Vice President of Growing Operations, David Bernard-Perron. "Organic Sugar Bush promises to be a Canadian-favourite with its unique terpene profile loaded with sweetness amplified by enriching the living soil it grows in with maple syrup from Quebec." To view the full press…

ThursdayFeb 18, 2021 11:06 am

CannabisNewsBreaks – Grapefruit USA Inc. (GPFT) Announces Update Regarding Informal Acquisition Inquiry, Development of MOU for Potential Joint Venture

Grapefruit USA (OTCQB: GPFT), a premiere, fully licensed California-based cannabis company, today updated its recent announcement that it has been approached by a Canadian cannabis company to enter into discussions concerning a potential acquisition transaction. The discussions have evolved to include development of a memorandum of understanding (“MOU”) that sets forth terms under which the parties could enter into a joint venture to jointly manufacture, distribute and market Grapefruit’s products. These include, but are not limited to, Grapefruit’s patented disruptive Hourglass(TM) THC/Cannabinoid time-release delivery cream throughout Canada. “As previously announced, Grapefruit is not surprised that we have been approached concerning…

ThursdayFeb 18, 2021 10:22 am

CannabisNewsBreaks – Pure Extracts Technologies Corp. (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ) Signs Distribution Agreement with Canada House Wellness Group

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, has signed an agreement with Canada House Wellness Group (CSE: CHV) to distribute concentrate products through existing provincial distribution channels. Canada House Wellness is a fully integrated medical cannabis company. The two companies have entered into a Cannabis 2.0 distribution agreement. The agreement notes that Canada House's wholly owned subsidiary Abba Medix Corp. will carry and distribute Pure Extracts' line of concentrate products. Canada House’s leadership team noted that it was impressed with the Pure…

WednesdayFeb 17, 2021 11:33 am

CannabisNewsBreaks – Pac Roots Cannabis Corp. (CSE: PACR) (OTCQB: PACRF) Enters Share Purchase Agreement with Lords of Grasstown

Pac Roots (CSE: PACR) (OTCQB: PACRF) (“PacRoots”) today announced its entry into a share purchase agreement with the shareholders of Lords of Grasstown Holdings Ltd., a company existing under the laws of British Columbia (“Grasstown”) pursuant to which the company will acquire all the issued and outstanding shares of Grasstown (the “transaction ”). According to the update, Grasstown is 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. “PacRoots is thrilled to partner with such an incredible brand and story driven by…

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