CannabisNewsBreaks

FridayJan 03, 2020 9:49 am

CannabisNewsBreaks – Illinois Grabs $3.2 Million on Day One of Legal Recreational Marijuana Sales

A recent article on Fox News by Vandana Rambaran highlighted reaction to Illinois becoming the 11th state to allow marijuana sales and use for recreational purposes. According to the article, the state raked in $3.2 million on the first day of legal recreational marijuana sales under the new law where people, age 21 or older, are allowed to possess up to 30 grams of cannabis flower and up to 5 grams of cannabis concentrate. Public consumption is still not allowed under the new law. Nearly three dozen Illinois dispensaries have been issued licenses to sell recreational marijuana, with an additional…

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FridayJan 03, 2020 9:14 am

CannabisNewsBreaks – CannabisNewsWire Announces Re-Engagement as Official NewsWire for Upcoming Benzinga Cannabis Capital Conference in Miami

Multifaceted financial news and publishing company of the InvestorBrandNetwork, CannabisNewsWire (“CNW”), today announced that it has been re-engaged by Benzinga to serve as the official newswire for the upcoming Benzinga Cannabis Capital Conference that is set to take place Feb. 24-25, 2020, at the Fontainebleau Miami Beach resort in Miami Beach, Florida. A variety of well-known cannabis industry players are set to attend the two-day event, in addition to investors, industry experts and innovative cannabis companies. “Following successful past collaborations with Benzinga, CannabisNewsWire looks forward to once again increasing the visibility of the upcoming Cannabis Capital Conference,” CannabisNewsWire communications director…

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ThursdayJan 02, 2020 9:52 am

CannabisNewsBreaks – Marijuana Legalization in Illinois, Michigan Brings Patchwork of Legal and Cultural Snares

A recent article on Fox News by Frank Miles highlighted a patchwork of legal and cultural snares as the marijuana recreational market expands to Midwestern states. According to the article, the December 1 start of legal sales in Michigan and the January 1 start in Illinois brings to the Midwest a climate where some neighboring states allow limited marijuana use for medical purposes, but none have moved to permit recreational use. The Associated Press reported that officials have been renewing warnings against the dangers of “canna-tourism” and carrying marijuana products over state lines. In Michigan, where $4.7 million of recreational…

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ThursdayJan 02, 2020 9:22 am

CannabisNewsBreaks – Youngevity International Inc. (NASDAQ: YGYI) Set to Ring Nasdaq Closing Bell on January 7 in Celebration of Fit Week 2020

Youngevity International (NASDAQ: YGYI), a leading multi-channel lifestyle company, today announced that the company will ring in the new year at The Nasdaq Stock Market Closing Bell ceremony in Times Square on January 7, 2020. YGYI executive leadership, team members and celebrity brand ambassadors will gather alongside company distributors to ring the closing bell in celebration of Nasdaq's ninth annual Fit Week. In addition, YGYI is offering the winners of its Better Health Challenge the chance to launch the year with the company and celebrate YGYI's ringing of the closing bell (https://ygybetterhealth.com). In conjunction with ringing the Nasdaq Stock Market…

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MondayDec 30, 2019 1:37 pm

CannabisNewsBreaks – ChineseInvestors.com Inc. (CIIX) Leveraging Diversified Revenue Streams

ChineseInvestors.com (OTCQB: CIIX) aims to assist investors in making knowledgeable investment decisions within various industries that meet the investor’s financial goals. An article discussing the company reads, “Overall, ChineseInvestors.com’s plan is to focus on its original mission of providing financial information and services to the larger Chinese community in the United States and elsewhere. Of note to investors regarding the company’s CBD initiatives is that ChineseInvestors.com CEO Warren Wang indicated that the company hopes for a Nasdaq IPO of CBD Biotech late in 2019 or early 2020 (http://cnw.fm/SqPN4). Following that, the company would concentrate on identifying an acquisition target for further growth.…

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MondayDec 30, 2019 1:24 pm

CannabisNewsBreaks – SinglePoint Inc. (SING) Exceeds $1M in Revenue During Q3

SinglePoint (OTCQB: SING), a technology and investment company, recently reported financial results that marked the largest third quarter in company history (http://cnw.fm/nUi2A). An article discussing the company reads, “Revenue for the company reached more than $1 million as SING continues to see impressive growth in both hemp and solar. In addition to reporting record-breaking revenue, the company outlined plans for continued growth moving into 2020. . . . ‘We have an exceptional strategic plan in making SinglePoint one of the biggest publicly traded companies in the smokable hemp space,’ SING CEO Greg Lambrecht stated in a news release. ‘We believe…

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FridayDec 27, 2019 12:37 pm

CannabisNewsBreaks – MCTC Holdings Inc. (MCTC) Expanding Development of Cannabis Infusion Technologies

MCTC Holdings (OTC: MCTC), doing business as Cannabis Global Inc., is a company devoted to research and development of innovative infusion technologies in the rapidly expanding sector of cannabinoids sciences. A recent article discussing the company reads, “Since MCTC Holdings reorganized itself in June, the company has focused its corporate efforts on the fast-growing cannabis industry, specifically the development of products that build on proprietary research into exotic cannabinoid isolation, bioenhancement of cannabinoids and polymeric solid nanoparticles and nanofibers that can be added into consumer products and applied through the skin. . . . ‘The polymer-based nanoparticles being developed by…

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ThursdayDec 26, 2019 10:36 am

CannabisNewsBreaks – WeedMD Inc. (TSX.V: WMD) (OTCQX: WDDMF) (FSE: 4WE) Acquires Starseed Holdings Inc., Secures $25M Strategic Equity Investment by LPF

WeedMD (TSX.V: WMD) (OTCQX: WDDMF) (FSE: 4WE), a federally-licensed producer and distributor of medical-grade cannabis, and Starseed Holdings Inc., a medically-focused, federally-licensed cannabis company, on Monday announced the closing of the previously disclosed acquisition of Starseed Holdings by WeedMD. According to the update, WeedMD also completed, concurrent with the closing, the previously announced private placement of subscription receipts with the LiUNA Pension Fund of Central and Eastern Canada (“LPF”), for aggregate gross proceeds of $25 million. “We officially welcome the Starseed team to the WeedMD family which together will kick-off 2020 as a very compelling, vertically-integrated cannabis company that will…

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ThursdayDec 26, 2019 10:26 am

CannabisNewsBreaks – BevCanna Enterprises Inc. (CSE: BEV) (OTC: BVNNF) (FSE: 7BC) Announces Expansion of Outdoor Cannabis Cultivation Site to Nearly 300 Acres

BevCanna Enterprises (CSE: BEV) (OTC: BVNNF) (FSE: 7BC) today announced that is has increased the size of its outdoor cannabis cultivation site to 292 acres, up from the originally announced 130-acre site. According to the update, the company has partnered with agricultural experts Clearwater CannGrow Ltd. to grow certified organic sun-grown cannabis on the property near Osoyoos, British Columbia, and the expansion will allow BevCanna to develop into one of Canada’s largest outdoor cannabis cultivators. “Interest in our BC sun grown cannabis has been exceptionally strong, and we're expanding our cultivation and production capabilities to meet the anticipated demand,” BevCanna…

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MondayDec 23, 2019 2:13 pm

CannabisNewsBreaks – Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Employs Strategic Three-Pronged Approach to Produce High-Quality Cannabis, Attain Growth

Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1), a global diversified portfolio of cannabis companies, utilizes a three-pronged strategy to deliver high-quality cannabis and attain growth. This approach has cautiously steered the company through the often-chaotic cannabis industry (http://cnw.fm/25Pmr). A recent article discussing the company’s strategy reads, “First, establish foundational IP and strong core businesses. Second, create differentiated, consumer-driven products across market segments, and third, expand its consumer-centric approach to international markets. . . . Following the first component of its plan has allowed Supreme to build a strong foundation as it moves forward in a burgeoning industry. Supreme’s impressive…

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