CannabisNewsBreaks

FridayNov 15, 2019 9:57 am

CannabisNewsBreaks – VIVO Cannabis Inc. (TSX.V: VIVO) (OTCQX: VVCIF) Releases Q3 2019 Financial and Operating Results

VIVO Cannabis Inc. (TSX.V: VIVO) (OTCQX: VVCIF), an Ontario-based cannabis company recognized for its premium products and services, on Thursday released its third quarter 2019 financial and operating results. According to the update, VIVO's net revenue increased to $6.3 million during Q3 2019, which represents a 19% increase relative to the same period last year. The increase reflects the ramp-up of the company's licensed capacity, which is expected to generate further revenue growth in Q4 2019. “Our focus for the first half of the year was to satisfy the needs of the evolving adult-use market, provide consistent supply of quality…

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ThursdayNov 14, 2019 1:38 pm

CannabisNewsBreaks – Surna Inc. (SRNA) Reports Revenue of $5.5 Million in Q3 2019, Second Straight Quarter of Record Revenue and Profits

Surna (OTCQB: SRNA) today released its operating and financial results for the three and nine months ended September 30, 2019. The company announced record-setting results in Q3 2019, including revenue of $5.5 million, an increase of 66% compared to the same quarter last year and growth of 31% compared to Q2 2019, Surna’s previous record high. “We are extremely pleased with our second straight quarter of record revenue and profits,” Surna CEO Tony McDonald said in the news release. “We continue to focus on our two key financial metrics: revenue growth and profitability. We also improved our cash position significantly—with…

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ThursdayNov 14, 2019 10:41 am

CannabisNewsBreaks – Canopy Rivers Inc. (TSX: RIV) (OTC: CNPOF) Reports Q2 Fiscal Year 2020 Financial Results, Provides Corporate Update

Canopy Rivers (TSX: RIV) (OTC: CNPOF), a venture capital firm specializing in cannabis, this morning released its financial results for the three and six months ended September 30, 2019. The company's unaudited condensed interim consolidated financial statements for Q2 2020, as well as its management's discussion and analysis (“MD&A”) for Q2 2020, are available under its SEDAR profile and the company’s website. “Headlined by our graduation to the TSX, our business matured during the second quarter as we launched our Strategic Advisory Board and continued to work closely with our portfolio companies as they achieved new milestones,” Canopy Rivers president…

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ThursdayNov 14, 2019 10:12 am

CannabisNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Enters Financing Arrangements for up to $103 Million

The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF), a leading producer of premium certified organic cannabis, today announced its entry into signed arrangements for up to $103 million in funding. According to the update, the financing package consists of three elements: a definitive agreement for a sale-leaseback of the Ancaster Energy Centre; a construction mortgage loan term sheet; and a convertible equity note term sheet. “Our ability to raise capital, despite recent headwinds affecting the entire sector, is a clear show of confidence from our financial partners,” TGODF CEO Brian Athaide said in the news release. “It is reflective…

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WednesdayNov 13, 2019 9:23 am

CannabisNewsBreaks – Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) to Host Q1 Fiscal 2020 Earnings Conference Call

Lifestyle-oriented cannabis company Green Growth Brands (CSE: GGB) (OTCQB: GGBXF) on Tuesday announced that it will release its first quarter fiscal 2020 results after market close on Monday, November 25, 2019. GGBXF will also be holding a conference call with company management to discuss the results at 8:30 AM ET on Tuesday, November 26, 2019. To join the call, dial (+1) 416 764 8609 for the local Toronto line, (+1) 778 383 7417 for the local Vancouver line, or (+1) 888 390 0605 for the North American toll-free line. The conference ID is 54236169. The call and replay will also…

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TuesdayNov 12, 2019 3:15 pm

CannabisNewsBreaks – Kanvas Unveils Smart Pod System

Kanvas(TM), a creator of innovative solutions designed to elevate the user experience for legal cannabis and cannabidiol (“CBD”) consumers, this morning announced its latest innovation, a smart pod system. The end-to-end vaporization solution consists of a comprehensive collection of hardware and software features designed to empower brands to provide reliable, controlled experiences to end users. The device features cutting-edge anti-counterfeiting technology to authenticate each pod that connects with the battery. The inside of the pod system is equipped with Vapetelligence(TM) that enables cannabis brands to define dosing, temperature, terpene accentuation and plume size that delivers a safe and consistent consumer…

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TuesdayNov 12, 2019 12:25 pm

CannabisNewsBreaks – City View Green Holdings Inc. (CSE: CVGR) (OTCQB: CVGRF) Puts Cultivation on Hold to Focus on Extraction, Edibles and Distribution

City View Green Holdings (CSE: CVGR) (OTCQB: CVGRF) today amended its buildout and business strategy to respond to the evolving cannabis market. According to the update, City View will put the cultivation buildout and operations on hold until there is a strong business case to enter the cultivation market, and will focus on extraction, edibles and distribution. The company continues the buildout of its facility with a focus on designated areas for extractions and edibles. “We have been witnessing a surplus in both cannabis and hemp cultivation,” City View Green CEO Ian MacDonald said in the news release. “City View…

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TuesdayNov 12, 2019 12:15 pm

CannabisNewsBreaks – Sugarmade, Inc. (SGMD) Releases H1 2019 Data for Recent BZRTH Acquisition Revealing Over $15M Sales, 25% Sequential Revenue Growth

Sugarmade (OTCQB: SGMD), a major supplier to the hydroponic cultivation and hemp sectors, today released full financial performance data for its recent acquisition of BZRTH, a leading hydroponics ecommerce supplier. Per the update, data for the six months ended June 30, 2019, reveal net profitability on sales exceeding $15 million, which represents 25% revenue growth on a sequential six-month period basis. “We are very happy to present our shareholders and current and prospective investors with a quantitative overview of the financial performance we are integrating as we assimilate BZRTH into Sugarmade,” Jimmy Chan, CEO of Sugarmade, said in the news…

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TuesdayNov 12, 2019 10:59 am

CannabisNewsBreaks – VIVO Cannabis Inc. (TSX.V: VIVO) (OTC: VVCIF) Receives Conditional Approval to Graduate to the Toronto Stock Exchange

VIVO Cannabis Inc. (TSX.V: VIVO) (OTC: VVCIF), an Ontario-based cannabis company recognized for its premium products and services, today announced its receipt of Toronto Stock Exchange ("TSX") conditional approval to graduate from the TSX Venture Exchange (the "TSXV") and list its common shares on the TSX. "The TSX is a premier destination for publicly traded companies and this listing represents a significant milestone for VIVO," Barry Fishman, CEO of VIVO Cannabis, said in the news release. "It also demonstrates our long-term commitment to increasing investor awareness and generating shareholder value as we continue to drive sales in our premium family…

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MondayNov 11, 2019 12:02 pm

CannabisNewsBreaks – GP Solutions, Inc. (GWPD) Announces Launch of “Prolific Soilless Growth Medium” and “Prolific Hydro” on Amazon

GP Solutions (OTC: GWPD), the developer of "GrowPods" - advanced automated micro-farms, and Prolific - a line of innovative nutrients and soilless growth medium, today announced the launch of its products on Amazon. According to the update, "Prolific Soilless Growth Medium" and "Prolific Hydro" are now available on Amazon, where consumers can purchase and start growing high quality organic crops with robust yields. "Prolific is an excellent choice for growing organic vegetables and herbs in enclosed growing environments, such as indoor farms of any size, greenhouses, potted plants, and shipping container farms," GP Solutions President George Natzic said in the…

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