CannabisNewsBreaks Archive - Page 143 of 429

FridayAug 14, 2020 1:24 pm

CannabisNewsBreaks – Supreme Cannabis Company, Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) and KKE Canada Announce Amicable Partnership Termination

Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) and Khalifa Kush Enterprises Canada ULC ("KKE") have mutually agreed to terminate their exclusive consulting services agreement entered into on December 6, 2018. According to the update, Supreme Cannabis and KKE amicably part ways in order to re-focus their resources on opportunities in their respective businesses. Supreme Cannabis will continue to address the ultra-premium category through its 7ACRES Craft Collective brand extension, which recently introduced Pink Kush to three new provinces, expanding distribution to Alberta, Manitoba and Saskatchewan. KKE will continue to build its leading premium brand in the U.S. while…

FridayAug 14, 2020 11:52 am

CannabisNewsBreaks – Canopy Rivers Inc. (TSX: RIV) (OTC: CNPOF) Announces Q1 2021 Financial Results

Canopy Rivers (TSX: RIV) (OTC: CNPOF), today released its unaudited condensed interim consolidated financial statements and management's discussion and analysis ("MD&A") for the three months ended June 30, 2020 ("Q1 2021"). "This quarter, we made a strategic investment in Dynaleo, a cannabis gummies manufacturer that we believe is well-positioned to help Canada's licensed producers and brands catch up to consumer demand for the gummy product format," Narbé Alexandrian, president and CEO of Canopy Rivers, stated in the news release. "We also continued to work closely with our portfolio companies to help resolve some of the unique macroeconomic challenges that emerged…

FridayAug 14, 2020 9:49 am

CannabisNewsBreaks – The Alkaline Water Company Inc. (CSE: WTER) (NASDAQ: WTER) Announces Record Q1 Revenue of $14.2M

The Alkaline Water Company (CSE: WTER) (NASDAQ: WTER), a producer of premium bottled alkaline and flavored-infused drinking waters and CBD-infused products, on Thursday announced record revenue of $14.2 million for the fiscal first quarter ended June 30, 2020, reflecting an approximate 40% year-over-year and 18% sequential increase. The Alkaline Water Company also reported a 57.3% improvement of earnings per share compared to the prior-year quarter and indicated that July’s purchase orders were the second-highest of any month in the company’s history. “Fiscal 2021 is off to a solid start with strong momentum across all our lifestyle brands. We delivered record…

ThursdayAug 13, 2020 3:05 pm

CannabisNewsBreaks – Why Pac Roots Cannabis Corp. (CSE: PACR) Is ‘One to Watch’

Pac Roots Cannabis Corp. (CSE: PACR) is a Canadian-based company that leverages a genetics-focused approach in producing premium-quality strains and products. A recent article discussing Pac Roots reads, “The company began operations in 2012, with activities primarily directed toward exploration and development of mineral properties in Canada. Today, it is focused on cannabis and hemp cultivation, leveraging high-end genetics and specialized cultivars to produce top-quality products. Pac Roots has announced multiple promising initiatives in recent months, including its formation of an outdoor, premium-hemp joint venture with partner Rock Creek Farms in British Columbia and its agreement to acquire all issued…

ThursdayAug 13, 2020 11:07 am

CannabisNewsBreaks – Cannabis Global (CBGL) Repays, Retires Convertible Notes in Strategic Moves to Impact Balance Sheet

Cannabis Global (OTC: CBGL), a cannabinoid and hemp-extract, science-forward company developing infusion and delivery technologies, has announced the retirement of convertible debt, along with additional moves designed to positively restructure the company’s debt obligations. The convertible notes — three in all — represented a total principle value of $178,500; the company also signed an agreement to finance the payoff of a fourth note. These strategic steps are designed to have a marked positive impact on CBGL’s balance sheet for the fiscal year ending Aug. 31, 2020. "The funds we raised from convertible notes earlier this year were used wisely to…

ThursdayAug 13, 2020 10:11 am

CannabisNewsBreaks – The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF) Releases Financials, Achievements for Q2

The Green Organic Dutchman (TSX: TGOD) (OTCQX: TGODF), a leading producer of premium certified-organic cannabis, officially filed its Q2 financial results; the filing also included highlights for the quarter ended June 30, 2020. The report notes that total revenues for the quarter reached $4.83 million, an increase of 58% over the first quarter of 2020, with revenue for Canadian cannabis totaling $2.72 million, an increase of 309% compared to Q1 2020. “Since the beginning of the global pandemic, our top priority has been the health and safety of our employees, customers, and patients,” said TGOD CEO Brian Athaide in the press release.…

WednesdayAug 12, 2020 11:52 am

CannabisNewsBreaks – The Alkaline Water Company Inc. (CSE: WTER) (NASDAQ: WTER) Expands Channel Partner Distribution to Include Leading ‘DSD’ Provider – Mahaska

The Alkaline Water Company (CSE: WTER) (NASDAQ: WTER), a producer of premium bottled alkaline and flavored-infused waters and CBD-infused products, today announced that its entire line of beverage offerings, including flavored waters, will be carried by Mahaska, a leading direct-store-deliver (“DSD”) provider in some of the major markets in the Midwest. “We are excited to announce the addition of Mahaska to our growing list of channel partners. As a best in class provider, the partnership opens an important regional market for us in our pursuit to be a national lifestyle brand across all major retail channels,” Richard Wright, president and…

WednesdayAug 12, 2020 11:30 am

CannabisNewsBreaks – Cannabis Strategic Ventures Inc. (NUGS) Posts Record Revenues in July, Reaching $2.3M

Cannabis Strategic Ventures (OTCQB: NUGS), an emerging leader in the U.S. cannabis marketplace, has released monthly performance data for July. Those numbers — $2.3 million in total sales from cannabis products — exceeded company projections and mark a record sales performance for the company. The report attributes much of this record-breaking growth to its improved positioning in the California cannabis market among partners and distributors. “It would be easy to lose perspective at this point because we exceeded our own expectations by such a wide margin in July,” said Cannabis Strategic Ventures CEO Simon Yu in the press release. “That…

TuesdayAug 11, 2020 10:21 am

CannabisNewsBreaks – The Alkaline Water Company Inc. (NASDAQ: WTER) (CSE: WTER) CEO to Report Q1 Financial Numbers during Teleconference

The Alkaline Water Company (NASDAQ: WTER) (CSE: WTER), a producer of premium bottled alkaline water, flavor-infused waters and CBD-infused products, has scheduled a teleconference to review its financial report for the first quarter. The teleconference will be hosted by WTER president and CEO Richard Wright and CFO David Guarino. The teleconference will begin at 5 p.m. ET on Aug. 13. Investors, analysts and other interested parties are invited to call 1-877-407-3088 (in the United States and Canada) or 1-201-389-0927 (outside the U.S. and Canada). A link to a recorded version of the teleconference will be available on Friday, Aug. 14, at…

MondayAug 10, 2020 2:15 pm

CannabisNewsBreaks – CannabisNewsWire Re-Engaged as Official Newswire to Market Benzinga’s Upcoming, Entirely Virtual Event

The Benzinga Cannabis Capital Conference, renowned as the premier gathering of cannabis entrepreneurs and investors in North America, today announced additional details for its next event. Originally scheduled to take place in Detroit, this year’s conference, slated for Aug. 18, 2020, will be hosted in an entirely virtual format. CannabisNewsWire, a multifaceted financial news and publishing company, has been re-engaged as the Official Newswire to market the event to its many followers via multiple newsletter brands and other subscription-based services, as well as provide each of the participating publicly traded companies with dedicated virtual coverage. This coverage includes amplified article…

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