CannabisNewsBreaks

ThursdaySep 03, 2020 10:52 am

CannabisNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) Announces Launch of New Brand – PLUS SLEEP

Plus Products (CSE: PLUS) (OTCQX: PLPRF), a cannabis- and hemp-branded products company in the U.S., today announced the launch of its new PLUS SLEEP brand into the California adult-use market. According to the update, the product line contains four key ingredients to promote good sleep: THC, CBN, CBD, and melatonin. “Each cannabinoid was selected for how it promotes better sleep, but together they have the potential to be greater than the sum of their parts. This is often referred to as the entourage effect*,” said Dr. Ari Mackler, chief scientific officer of Plus Products, in the press release. “We also…

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WednesdaySep 02, 2020 3:08 pm

CannabisNewsBreaks – Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) Announces Filing of Prospectus Supplement

Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF), today announced that, further to the previously disclosed amendments to the terms of its outstanding 6.0% senior unsecured subordinated convertible debentures issued in October 2018, it has filed a prospectus supplement that qualifies the issuance of up to 58,300,000 common shares of the company to holders of debentures (“debentureholders”) residing in eligible jurisdictions. According to the update, in consideration of the reduction of the principal amount of the debentures by $63.5 million, among other considerations, the company will issue an aggregate of 116.6 million common shares ("consideration shares") to debentureholders. Debentureholders residing in…

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WednesdaySep 02, 2020 12:01 pm

CannabisNewsBreaks – Halo Labs Inc. (NEO: HALO) (OTCQX: AGEEF) (Germany: A9KN) Announces Strong Sales Trend, California and Oregon Operations Growth

Halo Labs Inc. (NEO: HALO) (OTCQX: AGEEF) (Germany: A9KN) today announced that retail sales of the company’s Hush(TM) branded products continue to grow in the states of California and Oregon. According to the update, aggregate unaudited total revenues were approximately $2.18 million in July. In addition, unaudited revenues from sales to dispensaries were $1.94 million, reflecting the largest monthly sales in the company’s history. “Our California and Oregon operations are growing and the sales trend is strong, as we expand the assortment and bolster distribution channels—even as the COVID-19 pandemic challenged the economy from mid-March 2020,” said Kiran Sidhu, CEO…

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TuesdaySep 01, 2020 1:07 pm

CannabisNewsBreaks – InvestorBrandNetwork and CannabisNewsWire Re-Engaged by USA CBD Expo for Upcoming 2020 and 2021 Events

CannabisNewsWire (“CNW”), one of multiple cannabis-focused information services part of the InvestorBrandNetwork (“IBN”), today announced that it has been re-engaged by the USA CBD Expo, hosts of the nation’s largest CBD conference network, to serve as the official newswire and provide coverage for the upcoming slate of events to take place in 2020 and 2021. Having successfully collaborated for its premier Las Vegas event held in February 2020, USA CBD Expo has re-engaged CNW for its future line-up, including the upcoming Chicago conference in December 2020, the Atlanta conference in February 2021 as well as the South American conference –…

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TuesdaySep 01, 2020 12:11 pm

CannabisNewsBreaks – The Alkaline Water Company Inc. (CSE: WTER) (NASDAQ: WTER) Announces Increased Brand Presence Across the Midwest

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 its flagship brand, Alkaline88(R), will be available in 1-gallon and 1-liter sizes at all 123 Fareway store locations across Illinois, Iowa, Minnesota, Missouri, Nebraska, and South Dakota. “We are excited to announce that our flagship brand, Alkaline88, will be available in all Fareway locations across six states in the Midwest,” said Ricky Wright, president and CEO of The Alkaline Water Company, in the press release. “Our brand presence in the Midwest is growing stronger by the…

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TuesdaySep 01, 2020 11:21 am

CannabisNewsBreaks – Cannabis Global Inc. (CBGL) Acquires Stake in Licensed California Cannabis Manufacturing, Distributing Operation

Cannabis Global (OTC: CBGL), a cannabinoid and hemp-extract, science-forward company developing infusion and delivery technologies, has acquired a stake in Natural Plant Extract of California Inc. (“NPE”). The strategic move places CBGL in a prime position in the multibillion-dollar California cannabis space. The agreement, which closed Aug. 31, 2020, outlined Cannabis Global’s acquisition of 18.8% of NPE’s outstanding capital stock for $2 million. NPE operates a licensed cannabis manufacturing and distribution business operation out of Lynwood, California, and owns a Type 7 California Manufacturing License as well as a California Distribution license. "This is a significant agreement for Cannabis Global,…

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TuesdaySep 01, 2020 10:52 am

CannabisNewsBreaks – The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) Announces ‘Extraordinary Resolution,’ Amendments to Debenture Terms

The Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF), a Canadian cannabis company committed to identifying new opportunities to grow and strengthen its impressive portfolio, has obtained approval from debentureholders to partially convert and amend debentures. The company announced that holders of its outstanding 6% senior unsecured convertible debentures have approved an “extraordinary resolution” outlining amendments to the terms of the debentures, which were issued in October 2018. In part, those amendments include a reduction of the total principal amount of debentures outstanding from $100 million to $36.5 million; an extension of the maturity date of the debentures from October 19, 2021, to the date that…

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TuesdaySep 01, 2020 9:55 am

CannabisNewsBreaks – Pac Roots Cannabis Corp. (CSE: PACR) Conducting Non-Brokered Private Placement

Pac Roots Cannabis (CSE: PACR), a Canadian cannabis company dedicated to producing premium-quality strains and products by leveraging a genetics-focused approach, has announced a private placement of units, the proceeds of which are intended to be used for upcoming projects and general working capital. According to the announcement, released by Pac Roots CEO Patrick Elliott, the placement of units will be at a price of C$0.25 per unit for gross proceeds totaling up to $2 million, subject to an overallotment option. The offering is up to 8 million units, with each unit consisting of one share and one warrant exercisable…

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MondayAug 31, 2020 1:34 pm

CannabisNewsBreaks – Sugarmade Inc.’s (SGMD) BudCars Driving Steady Growth

Sugarmade (OTCQB: SGMD), a leading, multidivisional/multiproduct/multisector supply company, has announced and continues to expect robust growth and record metrics for its BudCars Cannabis Delivery Service. BudCars is a retail business that offers same-day delivery of a variety of products including edibles, flower, pre-rolls, vapes, tinctures and concentrate across dozens of premium brands. A recent article discussing this reads, “BudCars has reported constant improvement in almost every major metric — from increasing new customers and increasing orders per customer to strong repeat business — since Sugarmade invested in the company earlier this year. This steady growth provides a high degree of…

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FridayAug 28, 2020 2:37 pm

CannabisNewsBreaks – Pac Roots Cannabis Corp. (CSE: PACR) Eyes 2020 Production in the ‘Golden Mile’

Pac Roots Cannabis Corp. (CSE: PACR), a Canadian cannabis company dedicated to producing premium-quality strains and products by leveraging a genetics-focused approach, is partnering with Rock Creek Farms in a definitive CBD-hemp joint venture. Under the agreement, the partners will create a new company and facilitate a 100-acre commercial hemp operation located in Rock Creek, British Columbia. A recent article discussing this includes commentary from Pac Roots president and CEO Patrick Elliott, who stated, “The joint venture team has been extremely busy preparing and planting the 100 acres with hemp-CBD cultivars. We are thrilled with the short-term progress, making it…

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