CannabisNewsBreaks

FridayJan 24, 2020 12:14 pm

CannabisNewsBreaks – Cresco Labs (CSE: CL) (OTCQX: CRLBF) Enters Senior Secured Credit Agreement

Cresco Labs (CSE: CL) (OTCQX: CRLBF), one of the largest vertically integrated multistate cannabis operators in the United States, today announced its entry into a non-brokered credit agreement for a senior secured term loan in an initial aggregate principal amount of up to US$100 million, with a mutual option to increase the size of the facility to a maximum of US$200 million. The company expects to complete an initial drawdown of up to US$100 million on or about January 30, 2020, subject to the satisfaction of customary funding conditions, and intends to use the proceeds for the expansion of operations…

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FridayJan 24, 2020 11:16 am

CannabisNewsBreaks – AgraFlora Organics International Inc. (CSE: AGRA) (Frankfurt: PU31) (OTC: AGFAF) Receives UK Home Office Controlled Drug License

AgraFlora Organics International (CSE: AGRA) (Frankfurt: PU31) (OTC: AGFAF), a growth oriented and diversified international cannabis company, yesterday announced that Farmako GmbH, through its wholly owned subsidiary Farmako Limited has received its Home Office Controlled Drug License. According to the update, Farmako Limited was awarded the License less than one month following the successful completion of its inspection by the UK Home Office in December 2019. With the License, Farmako Limited plans to commence wholesaling medical cannabis in the UK by mid-year 2020, including importation of Bedrocan products to the UK from the Netherlands for patient distribution. “The UK medicinal…

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FridayJan 24, 2020 9:26 am

CannabisNewsBreaks – SinglePoint, Inc. (SING) President Dismisses Talk of Reverse Stock Split on MoneyTV with Donald Baillargeon

SinglePoint (OTCQB: SING) was featured on this week’s episode of MoneyTV with Donald Baillargeon. The internationally syndicated program covers money-focused topics, featuring various companies and in-depth interviews with CEOs and executives that offer insights into operations and future outlooks. MoneyTV is viewed in over 200 million households in more than 75 countries. Among other highlights from this week’s program, SinglePoint President Will Ralston discussed the company’s solar business, stating, “Solar has been big for 2019 and we plan to continue that into 2020.” He went on to write off any talk of a reverse split for the company. “First of…

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ThursdayJan 23, 2020 1:51 pm

CannabisNewsBreaks – 2020 Benzinga Cannabis Capital Conference to Bring Together Industry Movers and Shakers

The Benzinga Cannabis Capital Conference, the premier cannabis gathering and networking event now in its sixth installment, is headed to Miami next month. Set to take place at the Fontainebleau Miami Beach Hotel from February 24-25, the event will draw cannabis entrepreneurs and investors from across North America to learn about and discuss the growing industry. Benzinga today announced an expansive list of high-profile speakers scheduled to shed light on the hottest topics, trends and insights at the Miami event. "This conference is about bringing together the movers and shakers behind the industry. Hundreds of millions of dollars have been…

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ThursdayJan 23, 2020 1:45 pm

CannabisNewsBreaks – USA CBD Expo Headed to Vegas to Showcase Growing Wellness Trend

Following its successful inaugural event last summer in Miami, USA CBD Expo is heading to Las Vegas to showcase the growing wellness trend rising in popularity across the globe. The upcoming event is slated to take place at the Las Vegas Convention Center from February 13-15 and set to draw industry insiders and general enthusiasts to share expertise and learn about the benefits of CBD, as well as showcase, sample and discover the industry’s latest products and innovations. “After seeing the excitement and success behind our Miami event – where we hosted more than 13,000 attendees - we feel energized,…

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ThursdayJan 23, 2020 12:58 pm

CannabisNewsBreaks – Agrify Completes Strategic Acquisition of TriGrow, Accelerates Plans to Build Full-Service Gateway to High-Growth Cannabis Markets

Agrify, a developer of premium indoor grow solutions, today announced completion of its acquisition of all outstanding shares of TriGrow Systems Inc. and, indirectly, 75% of its subsidiary TriGrow Brands, LLC. According to the update, TriGrow, backed by leading cannabis industry venture funds including Poseidon Asset Management and Arcadian Funds, is currently the exclusive distributor of Agrify’s fully automated, micro-climate, precision-controlled vertical farming unit (“VFU”) solution to indoor cannabis cultivators. “Agrify’s highly strategic acquisition of TriGrow sets the stage for an exciting 2020,” Agrify Founder and CEO Raymond Nobu Chang said in the news release. “With TriGrow, we accelerate our…

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ThursdayJan 23, 2020 9:28 am

CannabisNewsBreaks – VIVO Cannabis Inc. (TSX.V: VIVO) (OTCQX: VVCIF) to Commence Trading on the Toronto Stock Exchange; Provides Cannabis 2.0 Update

VIVO Cannabis (TSX.V: VIVO) (OTCQX: VVCIF), an Ontario-based cannabis company recognized for its premium products and services, today announced that its common shares are set to start trading on the Toronto Stock Exchange (“TSX”) under the symbol ‘VIVO’ at market open on January 24, 2020. The company’s common shares will be voluntarily delisted from the TSX Venture Exchange in connection with the TSX listing. “The strength of the Toronto Stock Exchange is world-class, and this event represents a tremendous milestone for VIVO,” VIVO Cannabis CEO Barry Fishman stated in the news release. “We believe the TSX listing will increase VIVO's…

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WednesdayJan 22, 2020 10:06 am

CannabisNewsBreaks – Sugarmade, Inc. (SGMD) Places Hold on Reverse Split, Plans Entry into Regulated and Licensed Portion of Cannabis Marketplace

Sugarmade (OTCQB: SGMD) today announced that it has placed a hold on plans to complete a reverse split of its common shares. Per the update, pending a vote by its board of directors, management believes temporarily holding or canceling the reverse split may be the best future course of action. In addition, Sugarmade announced its planned entry into the regulated and licensed portion of the cannabis marketplace, with an emphasis on the California distribution and retail sectors. “For at least the time being, we do not see a reason to move forward with the reverse stock split. However, we reserve…

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WednesdayJan 22, 2020 10:00 am

CannabisNewsBreaks – Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) to Provide Patented DehydraTECH(TM) to Cannadips’ Cannabis Products in California and Across the US

Lexaria Bioscience (CSE: LXX) (OTCQX: LXRP), a global innovator in drug delivery platforms, today announced that it has reached a new definitive agreement to provide its patented DehydraTECH(TM) technology to Cannadips' cannabis products, both in its current California market and across the United States. According to the update, Lexaria's DehydraTECH fast-acting, high-absorption technology is perfectly suited to improve consumer satisfaction and the dipping experience. Terpene-rich multi spectrum oils are base ingredients of Cannadips THC, and DehydraTECH is able to reduce throat irritation normally associated with some terpenes. Inferior products utilize less efficacious cannabis isolate without terpenes that lack the entourage…

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WednesdayJan 22, 2020 9:21 am

CannabisNewsBreaks – Grapefruit Boulevard Investments, Inc. (IGNG) Files Amendment No. 1 to Registration Statement

Grapefruit Boulevard Investments (“GBI”), a licensed and fully compliant California based cannabis distribution and manufacturing company and a wholly owned subsidiary of Imaging3, Inc. (OTCQB: IGNG) (collectively “Grapefruit”), this morning announced that it has filed Amendment No. 1 to its Registration Statement on Form S-1 that was originally filed on July 28, 2019 regarding conversions of convertible notes issued to the company’s institutional investor Auctus Fund, LLC. “We are very pleased to file the Amendment which puts us back on track to complete the Auctus transaction. Pursuant to the terms of our Agreements with Auctus, immediately upon effectiveness of the…

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