CannabisNewsBreaks

ThursdayApr 09, 2020 10:15 am

CannabisNewsBreaks – Cannabis Strategic Ventures, Inc. (NUGS) Sells Approximately 900 Pounds of Cannabis Products Amidst Coronavirus Outbreak and End of Dry Season

Cannabis Strategic Ventures (OTCQB: NUGS), an emerging leader in the U.S. and California cannabis marketplaces, today announced the sale of approximately 900 pounds of cannabis product from its core cultivation facility, NUGS Farm. According to CannabisBenchmarks.com, the average price of cannabis flower in the U.S. market was $1,588 per pound as of April 3, with prices moving higher over recent weeks. “We believe there are two factors driving cannabis prices higher right now,” Cannabis Strategic Ventures CEO Simon Yu said in the news release. “First, people are reacting to the coronavirus epidemic, which is producing anxiety and an instinct to…

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TuesdayApr 07, 2020 10:03 am

CannabisNewsBreaks – Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) Announces Receipt of Notices of Default from MXY Holdings LLC

Green Growth Brands (CSE: GGB) (OTCQB: GGBXF) today announced its receipt of a notice of default from MXY Holdings LLC (“Moxie”) related to a US$5,000,000 note for which it provided a guaranty as a condition to Moxie extending the loan to GGB Beauty LLC on July 8, 2019. According to the update, the note had a January 31, 2020, maturity date and the parties were unable to reach agreement as to an extension. In conjunction, the company also received notice that its obligations with respect to the previously announced US$4,000,000 termination fee owed to Moxie would also be accelerated and…

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TuesdayApr 07, 2020 9:50 am

CannabisNewsBreaks – Youngevity International, Inc. (NASDAQ: YGYI) Receives Nasdaq Notification Regarding Delayed Form 10-K Filing, Khrysos Subsidiary Secures FDA Rights to Produce Hand Sanitizer

Youngevity International (NASDAQ: YGYI), a leading multi-channel lifestyle company operating in three distinct business segments including a commercial coffee enterprise, commercial hemp enterprise and multi-channel lifestyle company, on Monday announced its receipt of a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC indicating that, as a result of the delay in filing its Annual Report on Form 10-K for the fiscal year ended December 31, 2019, Youngevity is not in compliance with the timely filing requirement for continued listing under Nasdaq Listing Rule 5250(c)(1). According to the update, the letter has no immediate effect on the…

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MondayApr 06, 2020 11:27 am

CannabisNewsBreaks – GP Solutions, Inc.’s (GWPD) GrowPods Can Help Farmers Quickly Provide Ultra-Fresh “Superfoods” to Nation in Need

GP Solutions (OTC: GWPD), developer of GrowPods – Controlled Environment Micro-Farms – can help farmers quickly expand and provide ultra-fresh "Superfoods" to a nation in need, while increasing their income in the process. Net farm incomes are expected to decline another $10 billion this year according to the USDA 2020 Farm Sector Income Forecast. With many row crop farmers barely breaking even, premiums offered for organic and luxury foods are growing even more appealing. GrowPods, transportable and scalable finely tuned automated micro-farms, allow farmers to rapidly and affordably add high-margin superfoods to their business – with cultivation taking place year-round.…

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FridayApr 03, 2020 12:03 pm

CannabisNewsBreaks – Cannabis Global, Inc. (MCTC) Announces Domicile into Nevada, Corporate Name Change to Better Reflect Cannabis Direction

Cannabis Global (OTC: MCTC), formerly MCTC Holdings, today announced a change in corporate domicile from Delaware to Nevada under the corporate name of Cannabis Global, Inc. According to the update, the company plans to institute a corporate action with FINRA for an official name change with that organization and for a change of the stock trading symbol. “We have made tremendous progress as an organization since our reorganization last May, but now it is time for our corporate identity to match our corporate mission,” Cannabis Global CEO Arman Tabatabaei stated in the news release. “Thus, we have changed the name…

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FridayApr 03, 2020 11:54 am

CannabisNewsBreaks – VIVO Cannabis Inc. (TSX: VIVO) (OTCQX: VVCIF) Announces Partial Debenture Repurchase

VIVO Cannabis (TSX: VIVO) (OTCQX: VVCIF) today announced that it has re-purchased for cancellation certain of its outstanding 6% unsecured convertible debentures in the aggregate principal amount of $10 million, for a purchase price of $9.3 million (plus accrued and unpaid interest thereon), representing a 7% discount to the face value, pursuant to an agreement with the holder thereof. The company, as a result of the repurchase, now has Debentures in the aggregate principal amount of $24.5 million due February 28, 2021. “As evidenced by our recent financial results, VIVO continues to enjoy a strong cash position,” VIVO's Chief Executive…

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FridayApr 03, 2020 10:33 am

CannabisNewsBreaks – ChineseInvestors.com Inc. (CIIX) CEO Provides Update on Company Activity During Coronavirus Pandemic Atmosphere on MoneyTV with Donald Baillargeon

ChineseInvestors.com (OTCQB: CIIX) was featured on this week’s episode of MoneyTV with Donald Baillargeon. The internationally syndicated program, viewed in over 200 million households and more than 75 countries, covers money-focused topics and features in-depth interviews with CEOs and executives that offer insights into various companies and their operations and future outlooks. Among other highlights, this week’s program featured CIIX CEO Warren Wang as he provided an update in regard to company activity during the coronavirus pandemic atmosphere. Discussing the company’s new YouTube program, launched in February, Wang provides an overview of the show with content on his use of…

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ThursdayApr 02, 2020 11:47 am

CannabisNewsBreaks – Delta 9 Cannabis Inc. (TSX: DN) (OTCQX: VRNDF) Implements Numerous Health and Safety Precautions, Maintains Continuous Operations Amid COVID-19 Outbreak

Delta 9 Cannabis (TSX: DN) (OTCQX: VRNDF) on Monday announced its implementation of numerous health and safety precautions to protect customers and staff while maintaining operations amid the COVID-19 outbreak. According to the update, the company has been able to maintain continuous operations of its retail stores, wholesale and business to business (“B2B”) units and has no current plans to shut down its businesses. Delta 9 management continues to focus on maintaining continuity of business while implementing certain policies and procedures, created based on the advice of federal and provincial health officials, to protect the health and safety of its…

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ThursdayApr 02, 2020 9:22 am

CannabisNewsBreaks – Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Completes First Cannabis Shipment to Israel; Provides Corporate Update Regarding COVID-19

Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) this morning announced the successful completion of its first international cannabis shipment from Canada into Israel. Supreme Cannabis partnered with Israel's largest producer of medical cannabis and cannabis products, Breath of Life International Ltd. ("BOL Pharma"), to offer Truverra-branded premium medical cannabis to patients in Israel. Additionally, the company provided a corporate update regarding COVID-19, in which it detailed its efforts to mitigate risk and manage disruption to its operations. Per the update, minor external business disruptions including supplier and third-party testing delays have extended the launch dates for 7ACRES' whole…

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TuesdayMar 31, 2020 11:40 am

CannabisNewsBreaks – SinglePoint, Inc. (SING) Reports Q4, Full Year 2019 Financial Results

SinglePoint (OTCQB: SING) today reported audited financial results for the three and twelve months ended December 31, 2019. Among other highlights, the company reported total sales of $3,343,833 for the year ended December 31, 2019, representing an increase of 189% year-over-year when compared to total sales of $1,154,671 in 2018. Per the news release, the company attributes the substantial increase to the acquisition of Direct Solar in May 2019. Looking forward, SinglePoint intends to continue to find accretive ways to work with investing partners to improve the company’s balance sheet by strategically removing outstanding notes. “The positive operational results in…

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