CannabisNewsBreaks Archive - Page 122 of 429

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…

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…

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.…

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…

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,”…

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…

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