CannabisNewsBreaks

WednesdaySep 09, 2020 2:32 pm

CannabisNewsBreaks – Sugarmade Inc. (SGMD) Has ‘Only Scratched the Surface of What Is Possible’ for BudCars

Sugarmade (OTCQB: SGMD), a leading, multidivisional/multiproduct/multisector supply company, has continued to set multiple performance records and achieve disruptive growth through its BudCars Cannabis Delivery Service. A recent article discussing this outlines the company’s strategic initiatives and quotes Sugarmade CEO Jimmy Chan, who stated, “We are pursuing three primary avenues to drive growth: organic execution, geographic expansion, and verticalization of our supply chain. In each case, we continue to make progress. However, at this point, we have only scratched the surface of what is possible over the intermediate term for BudCars given that all of the growth we have booked so…

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WednesdaySep 09, 2020 2:25 pm

CannabisNewsBreaks – Hemptown Organics Corp. Announces Next Step Toward Ultimate Goal of Becoming ‘P&G’ of the Cannabinoid Industry

Hemptown, a privately held British Columbia company, today announced its entry into a letter of intent ("LOI") with Spectre Capital Corp. (TSX.V: SOO.P), a capital pool company listed on the TSX Venture Exchange. According to the update, the LOI is in relation to Spectre’s acquisition of all the issued and outstanding securities of Hemptown. Once complete, the transaction is expected to result in the reverse takeover of Spectre. “We are excited to announce this next step in the growth of Hemptown as we work towards a public listing that will enable Hemptown to further execute on its M&A strategy, with…

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WednesdaySep 09, 2020 1:44 pm

CannabisNewsBreaks – One Cannabis Door Closes, New Ones Open for Former Canopy Growth Corporation (TSX: WEED) (NYSE: CGC) CEO

Former Canopy Growth (TSX: WEED) (NYSE: CGC) co-founder and co-CEO Bruce Linton was featured in a recent Yahoo! Finance article by Zack Guzman. The piece details “a smattering of new roles” Linton has landed within the cannabis industry since being “ousted” by Canopy’s board, which Guzman describes as having become increasingly controlled by investor and beer conglomerate Constellation Brands Inc. (NYSE: STZ). The cannabis pioneer will reportedly be joining, in an advisor capacity, many smaller companies, as well as “trying his hand as an activist investor” for SLANG Worldwide Inc. (OTC: SLGWF) – a global cannabis consumer packaged goods company.…

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WednesdaySep 09, 2020 12:18 pm

CannabisNewsBreaks – The Alkaline Water Company Inc. (NASDAQ: WTER) (CSE: WTER) Executive to Present at Three September Conferences

The Alkaline Water Company (NASDAQ: WTER) (CSE: WTER), a producer of premium bottled alkaline water, flavor-infused waters, and CBD-infused products, has announced that WTER president and CEO Richard Wright is slated to present at several virtual investor conferences scheduled for September. Those conferences include the H.C. Wainwright 22nd annual Global Investment Conference, where Wright will conduct an analyst-moderated fireside chat on Sept. 15 and the company will participate in one-on-one meetings throughout the three-day conference; the Sidoti Fall 2020 Virtual Investor Conference, where Wright will be presenting on Sept. 23 and the company will be participating in one-on-one meetings Sept. 23–24; and…

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WednesdaySep 09, 2020 11:12 am

CannabisNewsBreaks – Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Effects Debenture Amendments

Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) today announced that the previously disclosed amendments to the terms of its outstanding 6.0% senior unsecured subordinated convertible debentures issued in October 2018 have been effected. According to the update, the company, in consideration of the reduction of the principal amount of the debentures by $63.5 million, among other considerations, issued an aggregate of 116.6 million common shares and $10,769 principal amount of accretion debentures to debentureholders. In addition, the company entered into a supplemental trust indenture to implement the amendments. To view the full press release, visit http://cnw.fm/1N2D5 About Supreme…

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WednesdaySep 09, 2020 10:38 am

CannabisNewsBreaks – Cannabis Global Inc. (CBGL) Recaps Accomplishments, Offers Insight Into Direction for New Fiscal Year

Cannabis Global (OTC: CBGL), a cannabis, cannabinoid and hemp extract science-forward company developing unique infusion technologies and products, today provided a recap of the recently closed fiscal year (Aug. 31). The company also offered insight on its next steps as it begins marketing activities. "It's been approximately one year since we reorganized the company toward cannabinoid technologies and products," CBGL CEO Arman Tabatabaei said in the news release. "We have made substantial progress in our selected technology areas, and based on these innovations, we have designed a revolutionary set of products, which are now rolling out into the marketplace. I…

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TuesdaySep 08, 2020 9:56 am

CannabisNewsBreaks – Willow Biosciences Inc. (TSX: WLLW) (OTCQX: CANSF) to Receive Advisory Services, Funding for Rare Cannabinoid Development Platform

Willow Biosciences (TSX: WLLW) (OTCQX: CANSF), today announced that its subsidiary, Willow Analytics Inc., will receive advisory services and conditional funding from the National Research Council of Canada Industrial Research Assistance Program ("NRC IRAP") supporting a research and development project to advance production of its varin cannabinoids using its proprietary biosynthetic platform. "We welcome the advice and funding from NRC IRAP to support our rare cannabinoid development platform," said Dr. Mathias Schuetz, Willow's vice president of Research and Development, in the news release. "This support is an important catalyst for us to advance our strain development capabilities and will enable…

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FridaySep 04, 2020 10:17 am

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

Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1), on Thursday announced that it will be reporting its fourth quarter financial results for the three months and year ended June 30, 2020 after markets close on Thursday, September 24, 2020. According to the update, the company will host a conference call to discuss the results at 8:00 a.m. Eastern Time on Friday September 25, 2020. Interested parties may join the call by dialing 416-764-8659 or 1-888-664-6392 and entering conference ID 36043231. The call can also be accessed through the following webcast link: https://bit.ly/2GffGyf. To view the full press release, visit…

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ThursdaySep 03, 2020 2:54 pm

CannabisNewsBreaks – Pure Extract Technologies Inc. Ramping Up for White-Label Production

Pure Extract Technologies, a private, plant-based extraction company, will soon be launching white-label production as part of its core services. Upon Health Canada approval of its standard processing license, the company, an expert in extraction, will offer white-label solutions based on custom formulating high-quality oils sourced from both cannabis and hemp-biomass products. A recent article discussing this reads, “As a leading extraction company, Pure Extracts is able to rapidly develop and commercialize extraction systems for plant-based medicine products. The company has a centralized 10,000-square-foot facility built to EU-GMP standards and designed for proprietary and white-label production; the facility is located…

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ThursdaySep 03, 2020 1:25 pm

CannabisNewsBreaks – Pac Roots Cannabis Corp. (CSE: PACR) Announces Closing of First Tranche of Private Placement

Pac Roots (CSE: PACR), a Canadian cannabis company dedicated to producing premium-quality strains and products by leveraging a genetics-focused approach, today confirmed the closing of the first tranche of its previously announced non-brokered private placement. According to the update, aggregate gross proceeds of C$470,750.00 were raised in the first tranche through the issuance of 1,883,000 units. Each unit consists of one share and one warrant, exercisable at C$0.40 per share for 24 months from issuance. Pac Roots intends to close additional tranches of the private placement over the coming weeks that will, in aggregate with the first tranche, raise gross…

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