CannabisNewsBreaks

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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ThursdayJan 30, 2020 3:42 pm

CannabisNewsBreaks – Agrify Appoints New Chief Financial Officer

Agrify, a developer of premium indoor grow solutions for the cannabis and hemp markets, this morning announced the appointment of Niv Krikov as chief financial officer, effective Feb. 4, 2020. Krikov will leverage his financial leadership and business development expertise to assist Agrify in meeting the rising demand for its products and services. “Niv is a highly accomplished, strong leader whose broad experience will enable Agrify to rapidly move forward with our expansion and optimization initiatives,” Agrify chief executive officer Raymond Nobu Chang stated in the news release. “His proven record in leading organizational transformation; deep public-company finance and accounting…

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ThursdayJan 30, 2020 2:43 pm

CannabisNewsBreaks – CannabisNewsWire to Serve as an Official Newswire, Platinum Sponsor for O’Cannabiz 2020

CannabisNewsWire (“CNW”), a multifaceted financial news and publishing company part of the InvestorBrandNetwork (“IBN”), today announced that it will again collaborate with the organizers of O’Cannabiz. In addition to serving as an official newswire, CNW will also be a platinum sponsor of the upcoming O’Cannabiz Conference & Expo slated to take place in Mississauga, Ontario from April 23-25, 2020. “O’Cannabiz is Toronto’s premier cannabis business conference, and CannabisNewsWire is proud to once again participate and leverage our comprehensive array of corporate communication solutions,” CNW Director of Syndicated Communications Christopher Johnson said in the news release. “We had an incredible experience…

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ThursdayJan 30, 2020 11:55 am

CannabisNewsBreaks – Supreme Cannabis Company, Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) to Release Q2 Earnings on February 13, 2020

Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1), a global diversified portfolio of distinct cannabis companies, products and brands, today announced its planned release of its second quarter financial results for the three months ended December 31, 2019. According to the update, Supreme Cannabis will release the results after markets close on February 13, 2020. To view the full press release, visit http://cnw.fm/I8FmV About Supreme Cannabis. The Supreme Cannabis Company, Inc., (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1), is a global diversified portfolio of distinct cannabis companies, products and brands. Since 2014, the Company has emerged as one of the…

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WednesdayJan 29, 2020 10:51 am

CannabisNewsBreaks – Sugarmade, Inc. (SGMD) Announces New, Bold Shift in Business Strategy, Eyes On-Demand Revolution of the Cannabis Sector

Sugarmade (OTCQB: SGMD) today announced a new and bold shift in its business strategy toward the virtualization of the cannabis sector as part of the major shift in the U.S. business model toward an on-demand economy. According to the update, Sugarmade will make several strategic moves over the coming weeks as it launches on-demand and related business operations via internally developed initiatives and new relationships with proven sector business operators. “Things are changing in society and in the economy as virtualization proliferates. Many of the most dynamic and innovative growth companies are part of this on-demand revolution and it is…

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TuesdayJan 28, 2020 2:00 pm

CannabisNewsBreaks – TerrAscend Corp. (CSE: TER) (OTCQX: TRSSF) Announces Changes to Executive Leadership Team

Global cannabis company TerrAscend (CSE: TER) (OTCQX: TRSSF) this morning announced that it has made modifications to its leadership team in coordination with the company’s focus on its rapidly scaling U.S. retail, manufacturing, and distribution operations. Michael Nashat has stepped down as CEO but will continue to serve as a member of the Board of Directors and act as a strategic advisor to the company. Jason Ackerman, executive chairman of the company, has been named interim CEO. “While it was a difficult decision, I believe given TerrAscend's premier operating assets in the United States, it is now time for me…

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