CannabisNewsBreaks

MondayNov 25, 2019 2:10 pm

CannabisNewsBreaks – Willow Biosciences Inc. (CSE: WLLW) (OTCQB: CANSF) Announces Receipt of Conditional Approval to List on the Toronto Stock Exchange

Willow Biosciences Inc. (CSE: WLLW) (OTCQB: CANSF) today announced its receipt of conditional approval from the Toronto Stock Exchange (the "TSX") to list its common shares on the TSX. According to the update, final approval of the listing is subject to Willow Biosciences meeting certain TSX customary conditions, and Willow will issue a statement upon TSX’s confirmation of the commencement date. "Listing on the TSX is a significant milestone for Willow. The TSX will broaden our investment appeal and leave us well positioned to execute on our strategic initiatives for 2020 and beyond,” Willow President and Chief Executive Officer Trevor…

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MondayNov 25, 2019 12:44 pm

CannabisNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQB: PLPRF) Announces Date for Scheduled Release of Q3 2019 Results, Conference Call and Webcast

Plus Products Inc. (CSE: PLUS) (OTCQB: PLPRF) today announced plans to release its financial results for the third quarter ended September 30, 2019 after market close on Friday, November 29, 2019. In addition, the company will host a conference call and webcast at 8:30 a.m. Eastern Time / 5:30 a.m. Pacific Time on Monday, December 2, 2019, to discuss its results and recent corporate highlights. Interested parties may access the call by dialing 1-877-407-0784 (toll-free) or 201-689-8560 (toll/international) and requesting the Plus Products Earnings Call or providing confirmation code 13696648. The call will be webcast on the Plus Products Investor…

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MondayNov 25, 2019 11:26 am

CannabisNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Expands Canadian Distribution, Initiates Cultivation at Valleyfield Hybrid Greenhouse

The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF), a leading producer of premium certified organic cannabis, today announced receipt of its inaugural purchase order from the BC Liquor Distribution Branch ("BCLDB"), further expanding its Canadian distribution footprint. The company also obtained a Health Canada license amendment, allowing it to launch cultivation operations at its flagship Valleyfield hybrid greenhouse. With the addition of British Columbia, TGOD now has the ability to distribute its products to a total of 527 retail locations across five provinces, or 82% of Canada's current store count. In 2020, the number of cannabis stores is poised…

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MondayNov 25, 2019 10:54 am

CannabisNewsBreaks – Grapefruit Boulevard Investments Inc. (IGNG) CEO Issues Comments on Recent 10-Q Filings

Grapefruit Boulevard Investments (OTCQB: IGNG), a Los Angeles based company and wholly-owned subsidiary of Imaging3, Inc. (OTCQB: IGNG), today issued comments from Grapefruit/Imaging3 CEO Bradley J. Yourist concerning IGNG’s recently filed quarterly report on Form 10-Q and Amendments 1 and 2 thereto. “Since our last public statement much of our corporate energy has been absorbed by our efforts to complete the Grapefruit audit which for a variety of reasons has taken much longer to complete than we had previously anticipated. One result of this state of affairs has been to put significant time pressure on our CFO, his accounting staff…

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MondayNov 25, 2019 10:10 am

CannabisNewsBreaks – Organigram Holdings Inc. (NASDAQ: OGI) (TSX: OGI) Announces Q4 and 2019 Fiscal Year Results

Organigram Holdings Inc. (NASDAQ: OGI) (TSX: OGI), the parent company of Organigram Inc., a leading licensed producer of cannabis, today announced its results for the fourth quarter and fiscal year ended August 31, 2019 (“Q4” or “Q4 2019”). Among the highlights, Organigram reported a 547% growth in 2019 net revenue to $80.4 million from $12.4 million in 2018, and a 575% increase in 2019 gross margin, before fair value changes to biological assets and inventory, to $37.9 million or 47% of net revenue from $5.6 million or 45% of net revenue in 2018. “Our 2019 results reflected a successful year…

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FridayNov 22, 2019 12:11 pm

CannabisNewsBreaks – technical420 Highlights Three Canadian LPs that Appear Well Positioned in Burgeoning Cannabis Industry Despite Pressure from Recent Earnings

According to a recent technical420 article written by Anthony Varrell, several leading Canadian cannabis companies have reported quarterly financial results during the last month, and, on average, the market has been responding negatively to the numbers. Although these companies have reported strong growth compared to prior periods, the market has reacted negatively due to numbers that have come in below expectations. The article indicates that the cannabis industry looks to be well positioned to record strong growth going forward. It further highlights three Canadian cannabis producers, including Aleafia Health (TSX: ALEF) (OTCQX: ALEAF), Canopy Growth (TSX: WEED) (NYSE: CGC) and…

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FridayNov 22, 2019 10:31 am

CannabisNewsBreaks – GreenStar Biosciences Corp. (CSE: GSTR) (OTC: GTSIF) Secures DTC Eligibility

GreenStar Biosciences (CSE: GSTR) (OTC: GTSIF), a growth-oriented technology and services company that provides real estate, financial, management and other support to licensed cannabis businesses in the U.S., on Thursday announced that it has secured DTC eligibility by The Depository Trust Company ("DTC") for electronic settlement and transfer of its common shares in the United States. A subsidiary of the Depository Trust & Clearing Corporation ("DTCC"), the DTC manages the electronic clearing and settlement of publicly traded companies. Securities eligible for this electronic clearing method are considered “DTC eligible,” with the method speeding up the receipt of stock and cash,…

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FridayNov 22, 2019 10:21 am

CannabisNewsBreaks – Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Announces Appointment of Global CPG Executive John Griese as Chief Operating Officer

Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) today announced that John Griese has joined the company as its chief operating officer ("COO"). Griese brings over 30 years of executive consumer packaged goods ("CPG") and global cannabis operations experience and, in his role as COO, will be responsible for driving continuous improvements across all operating assets and leading supply chain management for Supreme Cannabis' diverse portfolio of products. “It is a privilege to welcome John Griese to our maturing leadership team during a key time when Supreme Cannabis is evolving into a leading cannabis CPG company. He has over…

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FridayNov 22, 2019 9:17 am

CannabisNewsBreaks – Willow Biosciences Inc. (CSE: WLLW) (OTCQB: CANSF) Posts Q3 2019 Financial Results, Operations Update

Willow Biosciences (CSE: WLLW) (OTCQB: CANSF) on Thursday announced its financial and operating results for the three and nine months ended September 30, 2019. Among other highlights, the company reported that it ended the quarter with around $23.2 million of working capital and $24 million of cash on hand. Willow’s unaudited condensed consolidated interim financial statements and related management's discussion and analysis are available at www.SEDAR.com or on the company’s website. “Over the past few months, Willow has continued to advance its business strategy and achieved several important milestones,” Willow Biosciences president and chief executive officer Trevor Peters stated in…

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ThursdayNov 21, 2019 1:01 pm

CannabisNewsBreaks – Canopy Rivers Inc.’s (TSX: RIV) (OTC: CNPOF) Portfolio Companies Expand for Success in the Growing Market

Canopy Rivers (TSX: RIV) (OTC: CNPOF), a venture capital firm specializing in cannabis, today announced the broadening of operations of its portfolio companies as they position for success in the growing market. The update highlighted several enhancements and expansions, including one company’s launch of a data intelligence tool to assist retailers in tracking sales metrics and understanding their consumers. Another company intends to leverage Canopy Rivers' strategic alliance with Kindred Partners Inc. to expand its distribution network. Included in the update is a summary of key developments for Headset, Inc., TerrAscend Corp. (CSE: TER) (OTCQX: TRSSF), James E. Wagner Cultivation…

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