CannabisNewsBreaks

TuesdayNov 24, 2020 10:04 am

CannabisNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) Announces Q3 2020 Results

Plus Products (CSE: PLUS) (OTCQX: PLPRF), a cannabis branded products company in the U.S., on Monday released its unaudited financial and operational results for the three months ended September 30, 2020, expressed in U.S. dollars. Among Q3 2020 financial highlights, PLUS reported an increase in net revenues to $3.7 million, up from net revenues of $3.5 million in Q3 2019. In addition, the company reported a climb in gross profits to $1.4 million, up from $0.5 million in Q3 2019. “The third quarter was an exciting period for PLUS as we continued our steady progress towards profitability, achieving 40% gross…

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FridayNov 20, 2020 12:12 pm

CannabisNewsBreaks – MAZAKALI Outlines Reasons to Be Bullish on Cannabis Private Equity Sector Growth

MAZAKALI, the online platform for cannabis investments, recently discussed potential of the private cannabis industry in an article titled, “Cannabis Private Equity Investment Opportunity.” The piece further highlights a detailed list of reasons to be bullish on the continued growth of the sector. The article reads, “An industry with over 40,000 businesses and in excess of 240,000 employees has witnessed the lion’s share of capital and media attention going to the fewer than 400 public companies, leaving over 99% of the industry to innovate, compete and grow with an abundance of capital and advertising restrictions. There are many companies who…

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FridayNov 20, 2020 11:32 am

CannabisNewsBreaks – MAZAKALI Explores Rise of Cannabis-Infused Drinks

MAZAKALI, the online platform for cannabis investments, recently explored growing opportunity in the infused beverage sector in an article titled, “Cannabis: Rise Of The Beverage.” The piece reviews the emergence of caffeine, nicotine and alcohol into daily use, collectively taking advantage of opportunity in a nearly $2.7 trillion global market. Each has been “socialized into collective consciences and enjoys a sanctioned time for daily use – known as the coffee break, the smoke break and the happy hour.” The article then explores debut of cannabis drinks to the beverage and nicotine lineup. It reads, “Cannabis has quickly emerged as the…

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ThursdayNov 19, 2020 1:13 pm

CannabisNewsBreaks – The Alkaline Water Company Inc. (CSE: WTER) (NASDAQ: WTER) Announces Second Partnership to Present Alkaline88(R) Products to Entire Hospitality Channel

The Alkaline Water Company (CSE: WTER) (NASDAQ: WTER), a producer of premium bottled alkaline and flavored-infused drinking waters and CBD-infused products, today announced that it has added a new foodservice broker, IBA Foodservice. According to the update, the new partner will present the A88 family of beverage products to the entire hospitality channel. “We now have two formidable partnerships in DOT Foods and IBA Foodservice to help us gain share in the hospitality and foodservice channel,” said Ricky Wright, president and CEO of The Alkaline Water Company. “IBA is a highly respected professional foodservice sales and marketing organization comprised of…

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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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