CannabisNewsBreaks

FridaySep 25, 2020 10:54 am

CannabisNewsBreaks– Canopy Rivers Inc. (TSX: RIV) (OTC: CNPOF) Announces AGM Results

Canopy Rivers (TSX: RIV) (OTC: CNPOF), a venture capital firm specializing in cannabis, on Thursday announced voting results of its annual general and special meeting of shareholders (“AGM”). According to the update, shareholders voted in favor of each of the presented items of business, including the election of the director nominees listed in the company's management information circular. This included the election of Garth Hankinson, who currently serves as executive VP and CFO of Constellation Brands Inc., to the Canopy Rivers Board of Directors. John Bell, the board’s former chair, did not seek re-election at the meeting. "We thank John…

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FridaySep 25, 2020 10:28 am

CannabisNewsBreaks – Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Announces Q4 and Full-Year 2020 Results

Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1), a global diversified portfolio of distinct businesses, products and brands, on Thursday announced financial results for the fourth quarter and full-year 2020. According to the update, the company established a platform for strong revenue growth and operational efficiency with a strengthened balance sheet. "Fiscal 2020 was an important transitional year for Supreme Cannabis where we streamlined our operations, reorganized our team, and expanded our portfolio of brands and products that will drive sustainable revenue growth," said Supreme Cannabis president and CEO Beena Goldenberg in the press release. "Looking into 2021, we…

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WednesdaySep 23, 2020 11:01 am

CannabisNewsBreaks – Sugarmade Inc. (SGMD) Signs LOI, Plans to Operate California Cannabis Cultivation Facility

Sugarmade Inc. (OTCQB: SGMD), a leading, multidivisional/multiproduct/multisector supply company announced it has signed a nonbinding letter of intent (“LOI”) to negotiate a definitive lease agreement granting access to an estimated 40 acres of property located in North California. The LOI is with LMK Capital LLC. SGMD announced that it plans to allocate five acres of the parcel for the operation of a licensed, regulated cannabis cultivation company. Sugarmade has other cannabis interests. The company currently owns a 40% stake in BudCars, a cannabis delivery company operating in the San Francisco area; the company also has an option to increase that…

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WednesdaySep 23, 2020 10:06 am

CannabisNewsBreaks – Cannabis Global Inc. (CBGL) Announces Amazon Launch of Hemp You Can Feel(TM) Alcohol Substitute Cocktail Mixers

Cannabis Global (OTC: CBGL), a cannabinoid and hemp extract science-forward company developing infusion and delivery technologies, today announced that its Hemp You Can Feel(TM) hemp-based alcohol substitute cocktail mixers are now live for sale on Amazon.com and Amazon Prime. These newly launched products are in addition to the already available Hemp You Can Feel Coffee pods. "Our in-house research suggests these mixers have tremendous home-run potential as a popular product line," said Cannabis Global CEO Arman Tabatabaei in the press release. "Almost universally, the feeling of having a cocktail is desirable, but the collateral consequences of chronic alcohol consumption are…

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TuesdaySep 22, 2020 11:04 am

CannabisNewsBreaks – Cannabis Global Inc. (CBGL), NPE Collaborate on Multiple Levels Following Strategic Investment

Cannabis Global (OTC: CBGL), a cannabinoid and hemp extract science-forward company developing infusion and delivery technologies, today provided shareholders with more details following the company's recent 18.8% strategic investment stake in Natural Plant Extract (“NPE”). Operating out of Lynwood, California, NPE holds a Type 7 California manufacturing and distribution license, allowing for cannabis product distribution anywhere in the state. Through the newly formed strategic relationship, Cannabis Global and NPE management teams are already collaborating on multiple levels, including the integration of several of the company's technologies in products manufactured by NPE and distributed by NPE's Northern Lights Distribution. "Aside from…

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TuesdaySep 22, 2020 10:24 am

CannabisNewsBreaks – The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Announces Revision of Three-Year Term Credit Facility

The Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1), a global diversified portfolio of distinct cannabis companies, products and brands, announced that it has amended its existing credit facility with its lenders; the original agreement was initially announced on Nov. 14, 2019. The new amended agreement notes that SPRWF has secured a 12-month deferral of its financial covenants related to fixed-charge coverage ratio and leverage to begin in the quarter ending March 31, 2022. The agreement also stipulates that new covenants regarding minimum liquidity and EBITDA will be tested in the interim. SPRWF has also agreed to a 75 basis…

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MondaySep 21, 2020 3:48 pm

CannabisNewsBreaks – Pac Roots Cannabis Corp. (CSE: PACR) Looks to Profitable Fall Harvest

Pac Roots (CSE: PACR), a Canadian cannabis company dedicated to producing premium-quality strains and products, focuses on its first-mover approach to produce premium-quality, industry-leading cannabis strains unavailable in the regulated market. The company’s premium-grade cannabis strains are used in a wide variety of products. Most recently, Pac Roots entered a joint venture with Rock Creek Farms to cultivate a 100-acre premium CBD hemp farm. Based on its reputation for producing unparalleled cannabis, the company currently has 100% of its next hemp harvest under sales contract at fair market value. The company’s crop is expected to come in at up to…

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MondaySep 21, 2020 12:17 pm

CannabisNewsBreaks – Willow Biosciences Inc. (TSX: WLLW) (OTCQX: CANSF) Achieves Scalable Production of Pure CBG

Willow Biosciences (TSX: WLLW) (OTCQX: CANSF), a Vancouver, Canada-based company focused on manufacturing pharmaceutical-grade cannabinoids via synthetic biology, today announced that it has successfully developed a scalable process, with demonstrated production at 500 litre scale, for producing cannabigerol ("CBG") with greater than 99% purity and no detectable tetrahydrocannabinol (“THC”). "Achieving scalable production of pure CBG is a pivotal milestone for both Willow and our industry" said Willow's Chief Executive Officer Trevor Peters in the press release. "The market opportunity for high-purity cannabinoids manufactured under GMP control is expected to be in the billions of dollars in the coming years, and…

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FridaySep 18, 2020 1:40 pm

CannabisNewsBreaks – Pure Extract Technologies Inc. Poised as ‘Psychedelic Events Are Going Mainstream’

Pure Extract Technologies, a private, plant-based extraction company, is well positioned to partner with organizations eyeing development in both functional and psychedelic products. The company’s entry into functional medicinal mushrooms and collaboration in the psychedelic space look to be appropriately timed for a sector experiencing rising popularity and growing investment. An article discussing this highlights excerpts from a recent “Forbes” publication, titled “Psychedelic Events Are Going Mainstream, Where The Much-Maligned Mushroom Industry Focuses On Mental Health” (https://cnw.fm/LzAgR). The piece reads, “Psychedelics have been a mainstay for a millennia and appreciated in the counter-culture for decades. In 2020, whether consuming, investing, or…

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FridaySep 18, 2020 10:58 am

CannabisNewsBreaks – Pac Roots Cannabis Corp. (CSE: PACR) Expands Portfolio to Add 250 Acres in Prestigious Fraser Valley Region

Pac Roots (CSE: PACR) (“PacRoots”), a Canadian cannabis company dedicated to producing premium-quality strains and products by leveraging a genetics-focused approach, today announced the closing of a share purchase agreement with 1088070 BC. LTD., a company existing under the laws of Canada ("1088") and Dave Jonkman and Norm Tapp (together, the "1088 Shareholders" and each, a "1088 Shareholder"). Under the agreement, PacRoots has acquired all of the issued and outstanding shares of 1088, which owns and controls nine parcels comprised of 250 acres of prestigious land in the Fraser Valley Region of British Columbia. "The addition of such a substantial…

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