CannabisNewsBreaks

ThursdayNov 19, 2020 11:06 am

CannabisNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) to Release Q3 2020 Results, Host Conference Call, Webcast

Plus Products (CSE: PLUS) (OTCQX: PLPRF), a U.S.-based cannabis food company, today announced it will report its financial and operational results for the three months ended September 30, 2020 after markets close on Nov. 23, 2020. In addition, the company will host a conference call and webcast at 5:00 pm Eastern Time, also on Nov. 23, to discuss the financial results and its recent corporate highlights. Interested parties may join the call by dialing (866) 220-4156 (Toll-Free) or (864) 663-5231 (Toll / International) and requesting the Plus Products Earnings Call or providing conference ID: 1087279. Additionally, participants may visit https://www.cnw.fm/kUha4…

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WednesdayNov 18, 2020 3:02 pm

CannabisNewsBreaks – Pure Extracts Technologies Corp. (CSE: PULL) Leverages Distinctive 3-Pillar Strategy to Build Success

Pure Extracts (CSE: PULL), a plant-based extraction company focused on cannabis, hemp and functional mushroom sectors, recognizes the power of a carefully defined, strategic business model. Harvard Business Review touts this importance in an article titled “Why Business Models Matter.” The piece notes that good strategies are defined by answering age-old questions and gaining insight on the customer as well as the fundamentals and underlying economic logic that explains how the business can make money and deliver value in a cost-effective manner. A recent article highlights Pure Extracts’ approach in building a strong business model and “its own distinctive strategy…

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WednesdayNov 18, 2020 2:30 pm

CannabisNewsBreaks – Sugarmade Inc. (SGMD) Leveraging ‘Tangible Catalysts’ to Drive Growth

Sugarmade (OTCQB: SGMD), a leading, multidivisional/multiproduct/multisector supply company, recently outlined “building blocks of a coherent and cohesive strategic vision” in a letter to shareholders from the company’s CEO Jimmy Chan. In the update, Chan discussed “next steps to manifest that vision and drive strong and sustained shareholder value as a key emerging leader in the California cannabis marketplace” (https://cnw.fm/9Fk7o). The letter addressed two themes that Sugarmade is leveraging to drive its value proposition, including geographic expansion of its BudCars delivery service as well as the company’s “move to vertically integrate through the establishment of cultivation operations,” wrote Chan. “Together, they…

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WednesdayNov 18, 2020 10:42 am

CannabisNewsBreaks – Cannabis Global Inc. (CBGL) Announces Strategic Acquisition of Ethos Technology

Cannabis Global (OTC: CBGL), a cannabinoid and hemp extract science-forward company developing infusion and delivery technologies and investing in fast-growing cannabis markets, today announced its acquisition of Ethos Technology LLC. Ethos Technology is a Los Angeles-based startup specializing in ultra-secure cannabis transport containers for the commercial cultivation, processing and distribution sectors. Cannabis Global intends to leverage this technology to market a line of secure transport products under the brand name Comply Bag. “Having opened the first medical marijuana dispensary in Los Angeles back in 2004, my organization has struggled with securely transporting cannabis. That's why we invented this unique transport…

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TuesdayNov 17, 2020 2:53 pm

CannabisNewsBreaks – Gage Cannabis Co. Expands Flagship Store to Offer Recreational Products

Gage Cannabis Co. today announced that it will offer adult-use (recreational) marijuana sales at its flagship store in Ferndale, Michigan. Located at 1551 Academy St., the store has been open for medical card holders since September 2019. The company opened its first adult-use retail location in Adrian, Michigan in July 2020 and its second earlier this month in Lansing, Michigan. “We have been looking forward to this day since we opened our doors in September 2019,” said Mike Finos, president and executive vice president of operations at Gage Cannabis. “We are excited to extend the Gage experience to anyone ages…

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TuesdayNov 17, 2020 11:39 am

CannabisNewsBreaks – Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Announces Q1 2021 Financial Results

Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1), a global diversified portfolio of distinct businesses, products and brands, on Monday announced its financial and operating results for the three months ended September 30, 2020. “In the first quarter of fiscal 2021, we made solid progress towards our goal of transforming Supreme Cannabis into a premium cannabis CPG company. We continued to execute on our strategy of accelerating revenue and controlling our costs, which led to sequential growth in consolidated net revenue of 24%. Recreational net revenue grew slightly compared to the fourth quarter of 2020, due largely to higher…

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TuesdayNov 17, 2020 11:01 am

CannabisNewsBreaks – The Alkaline Water Company Inc. (CSE: WTER) (NASDAQ: WTER) Announces Fiscal Q2 Results

The Alkaline Water Company (CSE: WTER) (NASDAQ: WTER), a producer of premium bottled alkaline and flavored-infused drinking waters and CBD-infused products, on Monday announced revenue of $10.8 million for the fiscal second quarter ended September 30, 2020. “During the fiscal second quarter, we made good progress toward our strategic goals, gained market share, launched innovating new products, added leading partners, and expanded into new growth markets, all while navigating through a challenging COVID environment. Our quarterly growth was impacted as various distributors reduced deliveries and cleared excess inventory built in the prior quarter. Delivery and inventory trends continued to improve…

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MondayNov 16, 2020 11:47 am

CannabisNewsBreaks – Crop Defenders Ltd. Featured in Article posted at MMJDaily

Crop Defenders Ltd., a Canadian bio control company, was featured in an article titled “Newly reared Aphidius Ervi strain strong tool against aphids,” which was recently posted at MMJDaily. The article highlights the destruction aphids can cause, the declining effectiveness of a known biological control, and the solution Crop Defenders Ltd. has introduced to the market. "By rearing an indigenous strain of Aphidius Ervi that is two times bigger than its imported peers, we have developed a product that is distinctly superior to anything available in the market, out-performing the other strains in field efficacy by extensive margins," the team…

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FridayNov 13, 2020 1:00 pm

CannabisNewsBreaks – Jupiter Wellness Inc. (NASDAQ: JUPW) Initiates Clinical Trial for CBD-Based Therapeutic Candidate – CaniDermRx

Jupiter Wellness (NASDAQ: JUPW), a leading developer of cannabidiol (“CBD”) based therapeutics and wellness products, today announced its initiation of an exploratory clinical study of CaniDermRx. Jupiter’s prescription topical cream candidate, CaniDermRx, combines CBD and aspartame as its active ingredients in the treatment of first degree burns. While, to Jupiter's knowledge, no double-blind, randomized controlled study has demonstrated efficacy of a CBD-aspartame product in the treatment of burns, CaniDermRx may be effective in this indication based on its dual mechanisms of action. “We are pleased to commence this clinical study in what is now our second indication for our CBD-based…

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FridayNov 13, 2020 12:26 pm

CannabisNewsBreaks – Willow Biosciences Inc. (TSX: WLLW) (OTCQX: CANSF) Announces Q3 2020 Results, Operational Update

Willow Biosciences (TSX: WLLW) (OTCQX: CANSF), a Vancouver, Canada-based company focused on manufacturing pharmaceutical-grade cannabinoids via synthetic biology, has released its financial and operating results for the three and nine months ended September 30, 2020. According to the update, Willow Biosciences reported significant advancement in its operations and strong liquidity. The update reads, “The third quarter represented another significant move forward for us, as we completed our first pilot campaign as part of our final development stage before we begin commercial production, which is anticipated to commence around the middle of 2021. From the pilot, and with our well-advanced downstream…

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