CannabisNewsBreaks

WednesdayFeb 10, 2021 10:10 am

CannabisNewsBreaks – Pure Extracts Technologies Corp. (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ) Announces First Commercial Contract for CBD Oil

Pure Extracts Technologies (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ), a plant-based extraction company specializing in cannabis, hemp and mushroom products, has contracted for its initial commercial CBD oil sale. The company anticipated the contract will result in multiple shipments of its 85% pure CBD distillate offering this year. Pure Extracts’ state-of-the-art, subcritical/super-critical CO2 extraction system produces an exceptionally pure THC and CBD full-spectrum oil and distillate. The resulting distillate can be used to manufacture a variety of cannabis 2.0 products, such as beverages, edibles and vape pens. The announcement also noted that Pure Extracts continues its commitment to increase awareness.…

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TuesdayFeb 09, 2021 1:47 pm

CannabisNewsBreaks – ECGI Holdings Inc. (ECGI) Announces Creation of New Subsidiary, Plans to Enter Cannabis Delivery Business

ECGI Holdings (OTC: ECGI), which plans to operate as Elite Cannabis Group and has been reorganized as an acquisition-oriented corporation with California-based targets of distressed cannabis assets, properties zoned for cannabis cultivation and processing, today announced its second agreement within the fast-growing California regulated cannabis market. According to the update, the company has signed a definitive management services agreement to enter the cannabis delivery business in conjunction with a California cannabis license holder operating out of Lynwood, California. ECGI created Nug Avenue Inc., a wholly owned subsidiary that will hold the contract with the licensed party. “We are continuing to…

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TuesdayFeb 09, 2021 11:49 am

CannabisNewsBreaks – HempFusion Wellness Inc. (TSX: CBD.U) (OTC: CBDHF) (FWB: 8OO) CMO to Serve 2nd Consecutive Term as President of US Hemp Roundtable

HempFusion Wellness (TSX: CBD.U) (OTC: CBDHF) (FWB: 8OO), a leading health and wellness CBD company utilizing the power of whole-food hemp nutrition, today announced that its Chief Marketing Officer, Ola Lessard, was elected president of the U.S. Hemp Roundtable for a second consecutive term. The “Roundtable” is one of the most influential non-profit organizations advocating for national hemp legislation in the United States. This election makes Lessard not only the first woman, but also the first two-term president in the organization’s history. “I am truly honored by the confidence my peers have shown in me by electing me to a…

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TuesdayFeb 09, 2021 11:21 am

CannabisNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Releases Preliminary Q4 2020 Revenue, Forecast Numbers

The Green Organic Dutchman (TSX: TGOD) (OTCQX: TGODF), a leading producer of premium certified organically grown cannabis, has announced its Q4 2020 preliminary, unaudited revenue numbers. According to the release, the company reached $10.9 million in unaudited gross revenue in Q4 2020 for the period, with an increase in quarter-over-quarter revenue of 91%. The company also released an updated revenue forecast. The Q4 revenue is a 235% increase over the previous year. In the announcement, the company noted that the numbers reflect the significant progress and growth achieved in its Canadian operations and sales, which accounted for $8.6 million of the…

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TuesdayFeb 09, 2021 9:30 am

CannabisNewsBreaks – MAZAKALI Announces Closed Funding Round with Sana Packaging

MAZAKALI, a cannabis-focused fintech marketplace, recently closed a funding round with Sana Packaging. A pioneering, high-growth, sustainable packaging brand in the cannabis industry, Sana is focused on a circular economic model for package design and environment healing; the company is also committed to investing resources toward industry education and developing more renewable and regenerative packaging solutions. In the announcement, Sana officials noted that fundraising for the company had been challenging, but with the help and assistance of MAZAKALI, the company was able to close its recent funding, which sets Sana up for success in 2021 as it works to position itself…

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MondayFeb 08, 2021 12:19 pm

CannabisNewsBreaks – Green Hygienics Holdings Inc. (GRYN) Partners with Massive Media, GG Marketing LLC as Part of Strategic 2021 Sales and Marketing Plan

Green Hygienics (OTCQB: GRYN), an innovative, technology-driven enterprise focused on the high-standard cultivation and processing of industrial hemp and manufacturing of pharmaceutical-grade bioactive cannabinoids, has engaged Massive Media Inc. and GG Marketing LLC. Green Hygienics will work with Massive Media to refresh the GRYN brand; the partnership will include building a new corporate website. Green Hygienics will work with GG Marketing to establish sales and distribution. These two key partnerships are part of GRYN’s strategic sales and marketing plans for 2021. As part of those plans, the company is working to launch its 2021 sales and marketing initiatives along with…

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MondayFeb 08, 2021 11:13 am

CannabisNewsBreaks – Grapefruit USA Inc. (GPFT) Releases Preliminary Revenue Numbers, Notes 714% Growth for Calendar Year

Grapefruit USA (OTCQB: GPFT), a premiere, fully licensed California-based cannabis company, announced its unaudited revenue results for calendar year 2020. The numbers indicate that Grapefruit totaled revenues of an estimated $3,672,353 for the year ended Dec. 31, 2020, which represents an increase of approximately $3,221,156 from 2019. The announcement noted that, based on those preliminary numbers, the company is reporting revenue growth of 714% in 2020. The company has spent the last year and a half focused on bringing its patented Hourglass(TM) topical THC/cannabinoid delivery cream to market. Demand for the disruptive product has been robust, the company reported, with…

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ThursdayFeb 04, 2021 3:26 pm

CannabisNewsBreaks – CannAssist International Corporation (CNSC) Pioneers Promising CiBiDinol Technology

CannAssist (OTCQB: CNSC), a biotechnological pharmaceutical and wellness company, believes that its proprietary CiBiDinol technology will be a game-changer. According to a recent article, “the company believes that the amount of CBD needed to achieve the targeted therapeutic effects can be reduced significantly, resulting in reduced costs for both manufacturers and consumers.” CBD-based products “reduce inflammation while providing pain relief.” They are also the preferred option because they are “a gentler way to relieve pain and reduce inflammation,” unlike mainstream pharmaceuticals that have dangerous toxicity levels. CiBiDinol’s high efficacy per dose was the subject of “testing conducted via third-party services…

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ThursdayFeb 04, 2021 2:40 pm

CannabisNewsBreaks – Gage Cannabis Co. Poised Amid Michigan’s 1st Anniversary of Recreational Marijuana Sales

Gage Cannabis, a leading vertically integrated cannabis operator currently focused exclusively on the Michigan market, is positioned for opportunity after the state recently celebrated its one-year anniversary of the legalization of recreational marijuana. A recent article discussing this reads, “Gage Cannabis has been able to partake in the region’s rapid growth trajectory as a by-product of the company’s aggressive expansion plan – one that has seen the opening of six medical or adult-use locations across the state, with a further 10+ locations slated to open in 2021. The company has also announced its intentions to raise up to $50 million…

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ThursdayFeb 04, 2021 2:09 pm

CannabisNewsBreaks – Pac Roots Cannabis Corp. (CSE: PACR) Builds on Success, Launches into 2021 with Exciting Projects

Pac Roots (CSE: PACR), an innovative genetics-based cannabis company located in Canada, recently provided an update to investors and stakeholders following the first hemp harvest on its 100-acre site situated in British Columbia’s South Okanagan Valley. Pac Roots announced the remarkable success of its initial harvest, which yielded a quality far higher than expected. The company also announced that it would process and sell the entire >105,000-pound biomass to Speakeasy Cannabis Club (CSE: EASY).  A recent article covered this as well as the company’s low-cost production capabilities, which Pac Roots believes provide a sustainable competitive advantage and the ability to…

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