CannabisNewsBreaks

WednesdayAug 19, 2020 11:01 am

CannabisNewsBreaks – Hemptown President Shares Sales Numbers, Company Highlights in Investor Update

Hemptown, a diversified, industry-leading cannabinoid company, and its management is focused on ensuring that the company completes a liquidity event in the foreseeable future and plans on providing specific details surrounding its liquidity strategy to investors in the coming weeks. That information, along with sales numbers, timely information about the company’s plans to farm exclusively on its Oregon property, and marketing and processing updates were provided in an investor letter from Hemptown USA co-founder, president and director Michael Townsend. “With the leadership of our new CEO Eric ‘Grip’ Gripentrog, we have embarked on a new brand roll up strategy with…

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WednesdayAug 19, 2020 10:29 am

CannabisNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) To Release Second Quarter 2020 Financial Results During Aug. 20 Conference Call, Webcast

Plus Products (CSE: PLUS) (OTCQX: PLPRF), a U.S. cannabis and hemp-branded products company, will release its Q2 financial and operations numbers on Aug. 20, 2020, during a 5 p.m. ET conference call and webcast. Following the official presentation, PLUS co-founder and CEO Jake Heimark and CFO Nate Pearson will host a Q&A session. Interested parties are invited to participate by dialing 1-866-220-4156 (in the United States) or 1-864-663-5231 (internationally) or visiting (http://cnw.fm/cEh0G); the conference ID is 9094390. Those who are participating are asked to dial in or log in at least 15 minutes prior to the start of the event.…

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TuesdayAug 18, 2020 12:33 pm

CannabisNewsBreaks – Sugarmade Inc.’s (SGMD) BudCars Top Exec Talk Expansion, Strategy on Leading Nationwide Radio Show

Sugarmade (OTCQB: SGMD), a leading, multidivisional/multiproduct/multisector supply company, and its BudCars Cannabis Delivery Service was featured on Cannabis Talk 101, a top radio talk show. During the Aug. 14, 2020, program, BudCars CEO Clinton Walker discussed the upcoming opening of BudCars’ newest hub in Los Angeles. In his interview with the show’s four hosts, Walker also shared the company’s strategic plans to expand throughout California and noted the significant impact the company’s partnership with Sugarmade has had on growth and success in the past few months. Apple Podcast notes calls Cannabis Talk 101 the “world’s #1 source for everything cannabis”;…

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TuesdayAug 18, 2020 9:47 am

CannabisNewsBreaks – Canopy Rivers Inc. (TSX: RIV) (OTC: CNPOF) Announces Date for Annual General and Special Meeting

Canopy Rivers (TSX: RIV) (OTC: CNPOF), today announced that it will hold its annual general and special meeting of shareholders of the company 10 a.m. EDT on September 24, 2020. The meeting will be held at the company’s offices; however, due to health concerns relating to the novel coronavirus and to comply with government and public health directives, Canopy Rivers is urging all shareholders to vote by proxy in advance of the meeting and is discouraging physical attendance. The meeting will be limited to registered shareholders and duly appointed proxyholders only. Shareholders who wish to access and ask questions at…

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FridayAug 14, 2020 1:33 pm

CannabisNewsBreaks – Sugarmade Inc. (SGMD) Eyeing Verticalization to Form Solid Line from Farm to Delivery

Sugarmade (OTCQB: SGMD), a leading, multidivisional/multiproduct/multisector supply company, has continued to report record growth across “every single metric” for its BudCars Cannabis Delivery Service. While the company continues with breakout growth, it also is focused on vertical integration, in a pending move designed to expand its model from seed to sale. A recent article discussing this reads, “In addition, SGMD is looking to grow BudCars through verticalization. Pending approval from the California Bureau of Cannabis Control, the expansion into cultivation would connect the dots and form a solid product and supply line from farm to delivery that would further cut…

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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…

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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…

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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…

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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…

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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…

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