CannabisNewsBreaks

WednesdayFeb 05, 2020 1:29 pm

CannabisNewsBreaks – LiveWire Ergogenics Inc. (LVVV) Enters Strategic Agreement with Specialty Grower QDG Agricultural

LiveWire Ergogenics (OTC: LVVV), a health and wellness company with a focus on special purpose real-estate acquisitions and the licensing and management of high-end and permitted facilities and operations to provide cannabis-based products and services in California, on Tuesday announced its entry into a definitive agreement with QDG Agricultural (“QDG”), an experienced and highly specialized cannabis production company, to begin construction for operation at its Estrella Ranch facility in Paso Robles, California. “With the demand for pure, organically grown and thoroughly tested cannabis products growing rapidly, we anticipate the handcrafted product that will be grown at our California ranch to…

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WednesdayFeb 05, 2020 10:15 am

CannabisNewsBreaks – HTC Extraction Systems’ (TSX.V: HTC) (OTCQB: HTPRF) Extraction Technology Selected for $20M Xprize Competition

HTC Extraction Systems (TSX.V: HTC) (OTCQB: HTPRF) today announced that HTC’s patented extraction technology has been selected to supply extracted CO2 for the prestigious $20 million NRG COSIA Carbon Xprize competition. According to the update, the four-and-a-half-year global Xprize competition challenges teams to transform the way the world addresses carbon dioxide (“CO2”) emissions through breakthrough circular carbon technologies that convert carbon dioxide emissions from power plants into valuable products. Ten teams from five countries were selected to advance to finals after passing a first-round evaluation based on the amount of CO2 converted into products, as well as the economic value,…

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WednesdayFeb 05, 2020 9:32 am

CannabisNewsBreaks – Canopy Rivers Inc. (TSX: RIV) (OTC: CNPOF) Subsidiary Modifies TerrAscend Canada Loan Terms

Canopy Rivers (TSX: RIV) (OTC: CNPOF), a venture capital firm specializing in cannabis, this morning announced that Canopy Rivers Corporation, a wholly-owned subsidiary of the company, has amended the terms of its recent US$10 million loan to TerrAscend Canada Inc., a wholly‑owned subsidiary of TerrAscend Corp. (CSE: TER) (OTCQX: TRSSF). The loan, announced October 2, 2019, included the purchase of 13,243 units, each of which was comprised of: (i) one unsecured convertible debenture of TerrAscend Canada with a principal amount of C$1,000 (the "debentures"), and (ii) 25.2 common share purchase warrants to purchase common shares of TerrAscend with an exercise…

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TuesdayFeb 04, 2020 1:41 pm

CannabisNewsBreaks – Recognized Experts to take Stage in Cannabis Panel Discussion at NobleCon16

Noble Capital Markets, Inc. (“Noble”) on Monday announced that it has assembled a panel of recognized experts of the current state of the cannabis industry to present a discussion titled: “Back Down to Reality? What Investors Should Know about Cannabis Stocks in 2020.” The discussion will take place at Noble’s 16th annual small and microcap investor conference (“NobleCon16”), to be held at the new Hard Rock Guitar Hotel in Fort Lauderdale, Florida, on February 16-18, 2020. Research distribution platform Channelchek hand-selected the panel members, pulling experts from VC funds, CBD companies and various segments including industry staffing, education, supply chain,…

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TuesdayFeb 04, 2020 1:13 pm

CannabisNewsBreaks – Cannara Biotech Inc. (CSE: LOVE) (OTCQB: LOVFF) (FRA: 8CB) Receives Cultivation License for Purpose-Built Farnham Facility

Cannara Biotech Inc. (CSE: LOVE) (OTCQB: LOVFF) (FRA: 8CB), an emerging vertically integrated cannabis company focused on indoor cultivation, processing and medical sale of premium dried cannabis and cannabis derivatives under The Cannabis Act, recently announced the receipt of its cultivation license from Health Canada for Phase 1 of its purpose-built Farnham Facility, in Québec. "After many months of diligent preparation, today's milestone will allow us to start cultivation immediately and to advance our goal of becoming the premiere grower of cannabis in Québec and in due course, the rest of Canada," Cannara Biotech (Quebec) Inc. COO Barry Laxer said…

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MondayFeb 03, 2020 1:00 pm

CannabisNewsBreaks – LiveWire Ergogenics Inc. (LVVV) Prevails in Long-Lasting Lawsuit with New York Lender

LiveWire Ergogenics Inc. (OTC: LVVV), a health and wellness company with a focus on special purpose real-estate acquisitions and the licensing and management of high-end and permitted facilities and operations to provide cannabis-based products and services in California, announced that it has prevailed in a long-lasting lawsuit with America E Group. According to the update, United States District Court Judge Gregory H. Woods of the United States District Court for the Southern District of New York on January 28, 2020, issued an opinion and order in the action entitled, American E Group LLC v. Livewire Ergogenics Inc. (18-civ-3969) that granted…

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MondayFeb 03, 2020 11:55 am

CannabisNewsBreaks – technical420 Highlights Five “Need-to-Know” Price Target Changes for Cannabis Investors

A recent editorial by Anthony Varrell on technical420 titled “5 Price Target Changes Cannabis Investors Need To Know” reviews five rating or price target changes by leading broker-dealers that were announced in January. These include changes related to The Scotts Miracle-Gro Company (NYSE: SMG), Canopy Growth Corporation (TSX: WEED) (NYSE: CGC), MediPharm Labs (TSX: LABS) (OTCQX: MEDIF), Aurora Cannabis Inc. (TSX: ACB) (NYSE: ACB), and High Tide Inc. (CSE:HITI) (OTCQB:HITIF) (Frankfurt:2LY). “One of the most impactful trends that we have been following in the cannabis sector is related to the activity at the broker-dealer level. When an analyst changes their…

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MondayFeb 03, 2020 11:26 am

CannabisNewsBreaks – Jushi Holdings Inc. (CSE: JUSH) (OTCQX: JUSHF) Announces Upsizing of Financing, Working Capital to Continue Progress on Growth Objectives and Expansion Efforts

Jushi Holdings (CSE: JUSH) (OTCQX: JUSHF), a globally-focused, multi-state cannabis and hemp operator, today announced the receipt of $35.65 million in proceeds and $9.56m of exchanged debt in connection with the Company's previously announced debt financing. "We are pleased with the upsizing of our financing providing working capital that will allow Jushi to continue making progress on its growth objectives and expansion efforts into 2020 and beyond,” Jushi Chairman and CEO Jim Cacioppo said in the news release. “This capital will support our continued investment in each territory we are currently operating in, positioning Jushi to achieve US$200 to $250…

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MondayFeb 03, 2020 10:23 am

CannabisNewsBreaks – MCTC Holdings, Inc. (MCTC) Appoints Cannabis Industry Veteran Robert L. Hymers III as its Chief Financial Officer

MCTC Holdings (OTC: MCTC), a cannabinoid science forward company developing unique hemp infusion technologies, today announced its addition of cannabis industry veteran, Robert L. Hymers III, as its chief financial officer. Hymers, who currently serves as a director of the Company, brings an extensive background in corporate finance, treasury, financial planning and analysis, tax, investor relations, strategic planning and risk management along with a deep understanding of the hemp and cannabis industries. "The addition of Robert Hymers to the management team significantly strengthens our Company,” MCTC Chief Executive Officer Arman Tabatabei said in the news release. “He brings a unique…

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FridayJan 31, 2020 10:51 am

CannabisNewsBreaks – technical420 Highlights Five Cannabis Businesses Positioned to Benefit from Global Industry Growth

Five cannabis industry players were recently highlighted in an article authored by Anthony Varrell on technical420 titled ‘The Cannabis Trade Continues To Be “The Big Long” Amid Rapid Global Growth’. The article identifies Canopy Growth (TSX: WEED) (NYSE: CGC), Canrim Growth Group, Aleafia Health (TSX: ALEF) (OTCQX: ALEAF), MediPharm Labs (TSX: LABS) (OTCQX: MEDIF), and Halo Labs Inc. (NEO: HALO) (OTCQX: AGEEF) as cannabis businesses that are set to benefit from the anticipated growth within the cannabis industry. “An important trend that we have identified in the cannabis sector is related to the expected growth of the industry from a…

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