CannabisNewsBreaks

WednesdayMar 04, 2020 10:58 am

CannabisNewsBreaks – Sugarmade, Inc. (SGMD) Announces 300% Growth in Budcar Delivery Volume, Eyes $15M 2020 Revenue Target

Sugarmade (OTCQB: SGMD) today announced a dramatic 300% sequential monthly jump in delivery volume in BudCars Cannabis Delivery Service in February. According to the update, the rise in volume follows the company’s negotiated agreement toward a controlling stake in Budcars and its investment in expanding the leading delivery service’s operations and reach in Northern California. Provided recent data on growth in daily orders is reliable and indicative of the impact of the company’s recent measures over coming months, management projects a Budcars top-line run-rate capable of surpassing $15 million in sales in 2020. “Some of our shareholders have suggested that…

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TuesdayMar 03, 2020 1:35 pm

CannabisNewsBreaks – Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Inks Sales Agency Agreement with humble+fume

Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) recently signed a landmark sales agency agreement with one of North America’s leading distributors of cannabis accessories — humble+fume (http://cnw.fm/nt7Jw). An article discussing the company reads, “SPRWF’s new agreement calls for humble+fume to act as the exclusive sales agent for Supreme Cannabis Company’s recreational products across Canada, achieving coast-to-coast coverage while, at the same time, creating an appealing sales proposition for retailers. The partnership establishes the only sales force in Canada able to offer a full cannabis solution that includes the sale of both cannabis and cannabis accessories, which are known…

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TuesdayMar 03, 2020 1:29 pm

CannabisNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) Builds on Strong Cannabis Brand Foundation to Expand into New Markets

Plus Products (CSE: PLUS) (OTCQX: PLPRF), a cannabis and hemp-branded products company in California, has built a brand in the largest competitive market, setting itself up for expansion into new markets. An article discussing the company reads, “From day one, Plus Products’ strategy for growth was to build a brand and product in the largest competitive market and achieve success before moving to new markets. After six quarters with a product sitting at California’s top spot, PLUS has proven to the consumer its commitment to superior products. PLUS Uplift sour watermelon gummy was the best-selling cannabis product in California, and…

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TuesdayMar 03, 2020 11:00 am

CannabisNewsBreaks – Wildflower Brands Inc. (CSE: SUN) (OTCQB: WLDFF) Reports Revenues of $5.5M for Quarter Ended December 31, 2019

Wildflower Brands (CSE: SUN) (OTCQB: WLDFF) this morning reported financial results for the second quarter ended December 31, 2019, including $5,514,502 in revenues for the quarter, representing a substantial increase from $1,410,135 during the same period of the previous year. Per the update, revenues were projected to be down as a result of the sudden drop in vape sales and the close of the company’s Robson store to move to its newly renovated, licensed, 2,800-square-foot facility at Robson and Granville. To view the full press release, visit http://cnw.fm/USq4l About Wildflower Brands Wildflower Brands is a Vancouver-based pioneer in the cannabis…

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TuesdayMar 03, 2020 10:49 am

CannabisNewsBreaks – Cannabis Strategic Ventures, Inc. (NUGS) Announces 91% Sequential Growth to $1.35 Million and Significant Financial Improvements

Cannabis Strategic Ventures (OTCQB: NUGS), an emerging leader in the U.S. and California cannabis marketplaces, today announced robust growth and significant financial improvements for the most recently completed financial period ending Dec. 31, 2019. Cannabis Strategic Ventures reported revenue of $1.35 million for the quarter ending Dec. 31, representing approximately 91% sequential growth compared to the previous quarter. According to the update, gross margins grew meaningfully while operating efficiencies significantly improved. “We’re excited to see consistent revenue growth,” Simon Yu, CEO of the Company, said in the news release.  “In this highly regulated environment, it takes time to scale production. …

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MondayMar 02, 2020 10:32 am

CannabisNewsBreaks – Canopy Rivers Inc.’s (TSX: RIV) (OTC: CNPOF) PharmHouse Receives Health Canada License Amendment for Cultivation Across Entire Greenhouse

Canopy Rivers (TSX: RIV) (OTC: CNPOF), a venture capital firm specializing in cannabis, today announced that its 49%-owned joint venture in Leamington, Ontario, PharmHouse Inc., received a license amendment from Health Canada allowing for cultivation across its entire greenhouse, which is now fully operational. According to the update, PharmHouse plans immediate ramp up in production in accordance with its offtake agreements with Canopy Growth Corporation and TerrAscend Canada Inc. Under these agreements, PharmHouse has committed 50% of its 2020 output and currently expects to use the remaining 50% of its capacity for both additional offtake agreements and its own private…

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MondayMar 02, 2020 9:49 am

CannabisNewsBreaks – VIVO Cannabis Inc. (TSX: VIVO) (OTCQX: VVCIF) Chair, Paul Lucas, Recipient of Life Sciences Ontario’s Lifetime Achievement Award

VIVO Cannabis (TSX: VIVO) (OTCQX: VVCIF) today announced that its chair of its board of directors, Paul Lucas, is the receipt of the 2020 Lifetime Achievement Award from Life Sciences Ontario. The award recognizes Lucas' exceptional leadership and contributions to the development of the life sciences sector in Canada, his commitment to the community and his passion for improving the quality of life for Canadians. "We are proud and honoured to have the benefit of Paul's knowledge and expertise as we continue to grow VIVO's business," VIVO CEO Barry Fishman said in the news release. "Paul's career is marked by…

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ThursdayFeb 27, 2020 3:48 pm

CannabisNewsBreaks – Why Champignon Brands Inc. Is ‘One to Watch’

Headquartered in Vancouver, British Columbia, Champignon Brands is a research-driven company with a wide-ranging portfolio of artisanal mushroom health supplements designed with the health-conscious consumer in mind. A recent article discussing the company reads, “Champignon’s mushroom-derived, consumer packaged goods (‘CPGs’) portfolio includes its flagship brand, Vitality Superteas. Each carefully curated Vitality Supertea formulation was developed with the intent of helping individuals enhance and enrich their well-being one cup of mushroom-infused tea at a time. . . . Also in the portfolio are Nourish Force Supertea, a blend of reishi ryobus tea mix; Mighty Recharge Supertea, created with lion’s mane tropical…

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ThursdayFeb 27, 2020 2:55 pm

CannabisNewsBreaks – Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) Utilizing DehydraTECH Technology to Power Cannadips Cannabis Products

British Columbia-based Lexaria Bioscience (CSE: LXX) (OTCQX: LXRP) recently expanded on its relationship with Cannadips through a new definitive agreement to provide its patented DehydraTECH(TM) technology to Cannadips' cannabis products in Cannadips’ current California market and throughout the United States (http://cnw.fm/7V8qe). An article discussing the company reads, “Lexaria’s DehydraTECH drug-delivery platform is perfectly suited to improve the dipping experience through its effective, high-absorption technology. Cannadips uses multi-spectrum oils as base ingredients. The oils are rich in high-quality terpenes, which ensure the much-coveted entourage effect. DehydraTECH minimizes the throat irritation usually associated with some terpenes. . . . ‘Lexaria is building a…

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ThursdayFeb 27, 2020 2:07 pm

CannabisNewsBreaks – Green Hygienics Holdings Inc. (GRYN) Appoints New Members to Executive Management Team, Advisory Board

Green Hygienics Holdings (OTCQB: GRYN), an innovative, premium-cannabis cultivation and branding enterprise, recently announced the appointment of three professionals to its management team and advisory board. Per the news release, the company named Kyle MacKinnon as Chief Operating Officer, Todd Mueller as Chief Financial Officer, and David Racz as a new member of the company’s advisory board. The appointments will play a key role in supporting the company's strategy to improve its position as a leader in the North American hemp industry. “Quality people build a quality company and our business model includes ensuring our team is vested. Each of…

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