CannabisNewsBreaks

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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FridayAug 28, 2020 10:17 am

CannabisNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Issues Update, Confirms Expansion of Product Innovation Pipeline

The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF), a leading producer of premium, certified-organic cannabis, today provided an update on the progress of its corporate initiatives. Among other highlights, the update covered the company’s successful May launch, in Quebec, of its mainstream brand, Highly Dutch. Given strong sales, TGOD intends to expand to the balance of Canada in late September once it has built sufficient inventory to provide consistent supply to the market. In addition, the update discussed TGOD’s introduction of multiple 2.0 products during the second quarter, including RIPPLE dissolvables, teas and vapes. Based on the popularity of…

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MondayAug 24, 2020 2:38 pm

CannabisNewsBreaks – Why The Alkaline Water Company Inc. (CSE: WTER) (NASDAQ: WTER) Is ‘One to Watch’

Founded in 2012, The Alkaline Water Company (CSE: WTER) (NASDAQ: WTER) is headquartered in Scottsdale, Arizona, and leverages an innovative, state-of-the-art proprietary electrolysis process to deliver perfect 8.8 pH-balanced alkaline drinking water with trace minerals and electrolytes through its flagship product, Alkaline88(R), and various offerings. A recent article discussing The Alkaline Water Company reads, “The company’s commitment to innovation may be most evident in its newest product line: A88CBD. This line of CBD-infused products includes tinctures, capsules, gummies, salves, balms, hand and foot lotions, essential oils, bath bombs and bath salts, as well as CBD-infused drinks, water and beverage shots.…

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MondayAug 24, 2020 12:31 pm

CannabisNewsBreaks – Planet 13 Holdings Inc. (CSE: PLTH) (OTCQB: PLNHF) Announces $15M Bought Deal Offering

Planet 13 Holdings (CSE: PLTH) (OTCQB: PLNHF), a vertically integrated cannabis company based in Nevada, recently announced its entry into an agreement with a syndicate of underwriters, co-led by Beacon Securities Limited and Canaccord Genuity Corp., pursuant to which the underwriters have agreed to purchase, on a bought deal basis, 4,060,000 units in the capital of the company, each at a price of $3.70. According to the update, Planet 13 will secure aggregate gross proceeds of $15,022,000 in the offering (all figures are in Canadian dollars unless otherwise stated), of which it intends to use the net proceeds for working…

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FridayAug 21, 2020 9:59 am

CannabisNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) Announces Q2 2020 Financial Results

Plus Products (CSE: PLUS) (OTCQX: PLPRF), a cannabis branded products company in the U.S., on Thursday released its unaudited financial and operational results for the three and six months ended June 30, 2020, expressed in U.S. dollars.  “The first half of 2020 has been about creating a sustainable economic foundation for the business and continuing to lay the groundwork for current and future growth. We are very happy with the progress we have made on both of these fronts,” said Jake Heimark, Plus Products co-founder and CEO, in the press release. “Compared to the second half of 2019, in the…

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ThursdayAug 20, 2020 1:16 pm

CannabisNewsBreaks – MediPharm Labs Corp. (TSX: LABS) Secures C$37.8M in Private Placement

MediPharm Labs (TSX: LABS), a global leader in specialized, research-driven pharmaceutical-quality cannabis extraction, distillation and derivative products, has closed a private placement with an institutional investor for aggregate gross proceeds of C$37,822,500. According to the update, MediPharm Labs intends to use the proceeds for general corporate purposes, including building on the launch of its cannabis 2.0 offerings with new product formats and expanding its product and active pharmaceutical ingredient exports. In addition, the proceeds will strengthen the company’s balance sheet in successful navigation through the economic recession created by the COVID-19 pandemic. Roth Capital Partners acted as sole placement agent…

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WednesdayAug 19, 2020 1:22 pm

CannabisNewsBreaks – Pac Roots Cannabis Corp. (CSE: PACR) Eyes ‘Infinite Development Possibilities’ in $3B Agricultural Region

Pac Roots Cannabis Corp. (CSE: PACR) will soon own and control 250 acres in the Fraser Valley Regional District, one of the most productive areas of Canada with agriculture yielding an annual economic value of more than $3 billion. Under a recent share purchase agreement with 1088070 BC. LTD, Pac Roots will soon acquire all of 1088’s issued and outstanding shares (http://cnw.fm/9xnlW). A recent article regarding this quotes Pac Roots president and CEO Patrick Elliott, who stated, “This land has no zoning restrictions and is not situated within the agricultural land reserve, which provides for infinite development possibilities. The addition of…

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