CannabisNewsBreaks

WednesdayOct 14, 2020 11:13 am

CannabisNewsBreaks – Sugarmade Inc. (SGMD) Releases BudCars Q3 Numbers, Report Highlights Sales Records for Burgeoning Business

Sugarmade (SGMD), a leading, multidivisional/multiproduct/multisector supply company, has shared a preannouncement of financial numbers for its BudCars Cannabis Delivery Service (“BudCars”). The announcement notes several new sales records. Highlights of the report include gross receipts reaching nearly $2 million, with more than 60% growth being reported in net sales, customer orders and gross profits on a quarter-to-quarter basis. BudCars has been consistently tracking ahead of expectations, the announcement states, with geographic expansion being a key component to continued growth and success. The company has plans in place to expand into the North San Francisco Bay Area as well as nearby…

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TuesdayOct 13, 2020 10:52 am

CannabisNewsBreaks – Cannabis Global Inc. (CBGL) Expects Increase in Net Assets to $2.39M

Cannabis Global (OTC: CBGL), a cannabinoid and hemp extract science-forward company developing unique infusion technologies and products, today pre-announced some aspects of its financial performance for the fiscal year ended August 31, 2020, including a significant increase in assets reported on its balance sheet for the period. According to the update, Cannabis Global intends to file its full annual report for the fiscal year ending August 31, 2020, prior to the deadline of November 15, 2020. The company expects to report assets of approximately $2,396,558, up from $807,824 as of the end of the quarter ending May 31, 2020. “We…

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MondayOct 12, 2020 11:58 am

CannabisNewsBreaks – Sugarmade Inc. (SGMD) Updates Shareholders on Two Key Initiatives

Sugarmade (OTCQB: SGMD), today issued a letter to its shareholders, on behalf of its CEO Jimmy Chan, that provided an update on coming expansion steps in regard to its BudCars delivery service as well as the company’s vertical integration. “Today, I want to highlight two themes that will help to drive our value proposition for shareholders over the intermediate term: geographic expansion for BudCars and our move to vertically integrate through the establishment of cultivation operations. Together, they represent tangible catalysts driving both top and bottom-line growth,” Chan stated in the update. “These are exciting times for Sugarmade. We have…

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FridayOct 09, 2020 3:02 pm

CannabisNewsBreaks – Pac Roots Cannabis Corp. (CSE: PACR) Believes Quality is Key in Growing Sector

Pac Roots (CSE: PACR), a Canadian company dedicated to producing premium-quality strains and products, has taken steps for strategic positioning as the cannabis sector trends upward. The company’s first step in distinction begins with its focus and expertise in cultivating quality flower. A recent article discussing this reads, “Pac Roots is dedicated to delivering the finest cannabis genetics to its consumers, preserving the excellence of its carefully cultivated elite strains while also working to introduce superior new strains. While some companies may strive to be the largest cannabis grower, Pac Roots believes that the quality of the product is paramount.”…

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FridayOct 09, 2020 10:29 am

CannabisNewsBreaks – Canopy Rivers Inc. (TSX: RIV) (OTC: CNPOF) Provides Update on Portfolio Expansion in the US

Canopy Rivers (TSX: RIV) (OTC: CNPOF), a venture capital firm specializing in cannabis, today provided an update on the progress of three of its portfolio companies in U.S. markets. The updates come only weeks before the U.S. election, where six states will vote on cannabis legalization initiatives and the potential power shift at the federal level could lead to more progressive policies for the industry. Among the highlights, Canopy Rivers announced the following: TerrAscend Corp. commenced sales from its newly expanded State Flower cultivation facility in San Francisco; High Beauty Inc. introduced canBE, a new line of natural, aloe-based products…

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ThursdayOct 08, 2020 3:08 pm

CannabisNewsBreaks – Sugarmade Inc.’s (SGMD) BudCars Featured on ‘Cannabis Talk 101’

Sugarmade’s (OTCQB: SGMD) BudCars Cannabis Delivery Service was spotlighted during a recent episode of “Cannabis Talk 101.” BudCars founder and CEO Clinton Walker joined the program to discuss the history, future and impressive potential of the budding business in which Sugarmade holds strategic investment. Among other highlights, Walker discussed the upcoming opening of LA BudCars and the company’s planned expansion around the state. “We are a Northern California premier cannabis delivery service,” he said during the program. “We procure some of the best flower, edibles, concentrate. We make sure that we deliver with great service and good quality. And we’ve…

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ThursdayOct 08, 2020 1:35 pm

CannabisNewsBreaks – The Alkaline Water Company Inc. (CSE: WTER) (NASDAQ: WTER) Announces Board Appointment of Seasoned Retail Veteran

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 the appointment of retail industry veteran Frank Lazaran to its board of directors, effective Oct. 8, 2020. Lazaran will serve on the company’s audit and compensation committees. Simultaneous to the appointment, Bruce Leitch has decided to step down from the company's board of directors to focus on other business endeavors. “On behalf of the board, we are delighted to welcome Frank Lazaran as a full-time member of The Alkaline Water Company's Board of Directors,” WTER Chairman of…

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ThursdayOct 08, 2020 1:27 pm

CannabisNewsBreaks – Pure Extract Technologies Inc. Positioning as Research Looks to the ‘Magic’ in Mushrooms

Pure Extract Technologies, a private, plant-based extraction company, is positioning for opportunity amid the ramping up of next-generation research regarding potential benefits of functional mushrooms and psilocybin compounds. The company is pursuing a Natural Health Products Site License from Health Canada to buy, sell and produce functional mushroom products in an EU-GMP-compliant environment. This will position Pure Extracts to partner with organizations that plan to develop both functional and psychedelic products. The timing appears optimal as further studies aim to explore the benefits of psychedelics, including potential anti-tumor effects, improved immune function, mental wellness, detoxification and more. A recent article…

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ThursdayOct 08, 2020 10:37 am

CannabisNewsBreaks – Willow Biosciences Inc. (TSX: WLLW) (OTCQX: CANSF) to Support Research on Therapeutic Potential of Non-Psychoactive Cannabinoids

Willow Biosciences (TSX: WLLW) (OTCQX: CANSF), a Vancouver, Canada-based company focused on manufacturing pharmaceutical-grade cannabinoids via synthetic biology, today announced its partnership with researchers at the University of Lethbridge and the University of Calgary. According to the update, the collaboration is designed to study the therapeutic potential of non-psychoactive cannabinoids in relation to intestinal inflammation, abdominal pain and depression. Alberta Innovates financially supports these studies that involve laboratory testing in preclinical models of disease. Willow will be providing four different, non-plant derived cannabinoids for use in the study, which is set to begin in the fourth quarter of 2020. “Willow…

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ThursdayOct 08, 2020 9:55 am

CannabisNewsBreaks – Cannabis Global Inc. (CBGL) and Marijuana Company of America Inc. (MCOA) Enter Strategic Collaboration

Cannabis Global (OTC: CBGL), a cannabinoid and hemp extract science-forward company developing infusion and delivery technologies, has entered into a collaboration and mutual strategic investment with Marijuana Company of America (OTCQB: MCOA), an innovative hemp corporation. As part of the strategic investment, both companies seek to expand the partnership, fully leveraging favorable resources of both companies in response to the diverse market demand for their products. Under the agreement, MCOA and CBGL have agreed to a share exchange arrangement in which both parties received $650,000 in value of shares from each respective company. "We are excited about this strategic partnership…

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