CannabisNewsBreaks

ThursdayMay 21, 2020 12:48 pm

CannabisNewsBreaks – Sugarmade Inc.’s (SGMD) BudCars Cannabis Delivery Service Expands into LA Area

Sugarmade’s (OTCQB: SGMD) recently acquired BudCars Cannabis Delivery Service announced on April 16 that it was expanding into the Southern California marketplace (http://cnw.fm/9n3mD). An article discussing the company reads, “‘Our Sacramento locations will pass the $10 million mark for annualized sales within the next 60 to 90 days,’ Sugarmade CEO Jimmy Chan stated in a news release. ‘The growth has been so dramatic that we have had to drastically revise our expectations to the upside, which demands expansion, both in terms of staff and fleet in Sacramento, and in terms of regional expansion into Southern California. As a result, we…

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ThursdayMay 21, 2020 9:32 am

CannabisNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Announces Bought Deal Public Offering with Over-Allotment Option

The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF), a leading producer of premium, certified-organic cannabis, on Wednesday announced the company’s entrance into an agreement with Canaccord Genuity Corp. (the "underwriter"). The underwriter has agreed to purchase, on a bought deal basis pursuant to the filing of a short form prospectus, a total of 37,500,000 units at a price of C$0.40 each, for total gross proceeds to TGODF of approximately C$15 million. Each unit is comprised of one common share and one common share purchase warrant of the company. Each warrant is exercisable to acquire one common share at an…

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WednesdayMay 20, 2020 11:42 am

CannabisNewsBreaks – Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) Obtains Initial Order Granting CCAA Protection

Green Growth Brands (CSE: GGB) (OTCQB: GGBXF) today announced that it and certain of its direct and indirect wholly owned subsidiaries (collectively  the "company" or the “applicants”) have filed for insolvency protection under the Companies’ Creditors Arrangement Act (Canada) ("CCAA"). The company has obtained an order from the Ontario Superior Court of Justice granting the applicants protection under the CCAA. Ernst & Young Inc. (“E&Y”) has consented to act as the court-appointed monitor of the applicants. The court has granted CCAA protection for an initial 10 day period, which expires on May 29, 2020, and is subject to extension thereafter…

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TuesdayMay 19, 2020 12:45 pm

CannabisNewsBreaks – Cannabis Global, Inc. (MCTC) CEO Featured in The Stock Day Podcast with Everett Jolly

Cannabis Global (OTC: MCTC), a Nevada registered, fully reporting and audited publicly-traded company, today announced that its CEO, Arman Tabatabaei, was featured on The Stock Day Podcast hosted by Everett Jolly. During the interview, Tabatabaei discussed Cannabis Global’s IP strategy and extensive portfolio. "The roots of our company is our intellectual property," Tabatabaei said in the interview. "The overall strategy has been to develop the intellectual property first and then move towards building products around that intellectual property, and finally to engage in some vertical integration. We have now filed six provisional patents. Simply put, the intellectual property centers on…

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TuesdayMay 19, 2020 12:08 pm

CannabisNewsBreaks – Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) Announces Update on May Debentures

Green Growth Brands (CSE: GGB) (OTCQB: GGBXF) today announced that an event of default has occurred in respect of its US$45.5 million principal amount of 15.00% secured convertible debentures, which matured on May 17, 2020.  As previously disclosed, Green Growth Brands received, on May 5, 2020, US$400,000 of debt financing from All Js Greenspace LLC (“All Js’) on a secured basis. On May 12, 2020, All Js’ advanced, also on a secured basis, an additional US$400,000 to the company. To view the full press release, visit http://cnw.fm/1jXcp About Green Growth Brands Inc. Green Growth Brands creates remarkable experiences in cannabis.…

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TuesdayMay 19, 2020 11:39 am

CannabisNewsBreaks – Youngevity International, Inc. (NASDAQ: YGYI) Announces Trademark Registration of Hemp FX Brand, Intends to Expand Product Line

Youngevity International (NASDAQ: YGYI), a leading multi-channel lifestyle company operating in three distinct business segments including a commercial coffee enterprise and a commercial hemp enterprise, today announced that the United States Patent and Trademark Office has approved its application for registration for trademark on its Hemp FX(R) brand. According to the update, the company plans to leverage the production and manufacturing capabilities of its wholly owned subsidiary, Khrysos Industries, and begin an immediate expansion of Hemp FX's line of hemp derived products. "We have always found considerable value in our intellectual property across our platform and we are pleased to…

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TuesdayMay 19, 2020 11:08 am

CannabisNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Partners with Medical Cannabis by Shoppers, Bringing Together Expertise, Unmatched National Reach

The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF), a leading producer of premium, certified-organic cannabis, today announced its entry into a supply agreement with Medical Cannabis by Shoppers(TM) ("Shoppers"), a subsidiary of Shoppers Drug Mart Inc. Under the agreement, TGOD will make its certified organic medical cannabis products available via the Shoppers online medical cannabis sales platform. "We're thrilled to partner with Canada's largest pharmacy network, bringing together TGOD's unique expertise in developing high-quality certified organic cannabis products and Shoppers' unmatched national reach," TGOD’s Vice President of Sales, Robert Gora, said in the news release. "We share their vision…

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MondayMay 18, 2020 1:53 pm

CannabisNewsBreaks – Supreme Cannabis Company Inc.’s (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) 7ACRES and Blissco Complete Construction, Secure Full Licenses

Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) recently announced that it has completed construction and obtained full licensing for two of its key assets: the 440,000-square-foot, state-of-the-art 7ACRES cultivation plant and the 12,000-square-foot Blissco extraction facility. An article discussing the company reads, “This milestone step makes Supreme one of the few Canadian producers that operates fully constructed and licensed cultivation and extraction facilities. . . . In March, British-Columbia-based Blissco received Health Canada’s approval on its final licensing amendments, and Supreme announced plans to conduct all extraction in-house from the now fully licensed facility (http://cnw.fm/Tn698). The licensing announcement came…

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MondayMay 18, 2020 9:57 am

CannabisNewsBreaks – Champignon Brands Inc. (CSE: SHRM) (OTCQB: SHRMF) (FWB: 496) Collaborates with TheraPsil to Help Patients in Palliative Care Access New Therapies

Champignon Brands (CSE: SHRM) (OTCQB: SHRMF) (FWB: 496), a human optimization sciences Company with an emphasis on ketamine and psychedelic medicine, today announced its sponsorship of TheraPsil, a BC-based non-profit coalition of healthcare professionals, policy-makers and community leaders (the “TheraPsil Coalition”) seeking legal access to psilocybin for British Columbians with a palliative diagnosis and psychological distress. According to the update, TheraPsil is focused on: establishing safe, and legal access to psychedelic-assisted therapy for those in medical need, efforts to increase awareness and developing safe and effective protocols for psilocybin-assisted therapy through public education and educational training, as well facilitating research…

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FridayMay 15, 2020 3:19 pm

CannabisNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) CEO Outlines Critical Company Objectives

Plus Products (CSE: PLUS) (OTCQX: PLPRF) co-founder and CEO Jake Heimark recently outlined three critical objectives the company will be focusing on throughout the coming year (http://cnw.fm/QVv51). A recent article discussing the letter reads, “‘We have set three critical objectives as a company over the next four quarters,’ he stated. ‘1) to ensure the safety and health of our employees and customers, 2) to continue to establish ourselves as a clear, long-term leader in the California edibles space and 3) to become a cash-flow positive business.’ . . . Heimark then went on to explain that PLUS is ‘capitalized with enough…

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