CannabisNewsBreaks

ThursdayOct 17, 2019 2:58 pm

CannabisNewsBreaks – IONIC Brands Corp. (CSE: IONC) (OTC: IONKF) (FRA: IB3) Capitalizing on Adult-Use Cannabis Industry by Anticipating Market Movement

IONIC Brands (CSE: IONC) (OTC: IONKF) (FRA: IB3), a West Coast cannabis holding company, is focused on exploiting the adult-use cannabis industry by finding where the market is and anticipating where it’s going, especially in regards to technology. An article discussing the company reads, “IONIC Brands is developing a premium and luxury consumer portfolio led by a multistate, consumer-focused cannabis concentrate brand. Its base is on the West Coast, where the adult-recreational-use market for cannabis is booming with the largest volume of business in the world. . . . The company’s product line includes six cannabis formulations presented in three…

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ThursdayOct 17, 2019 10:50 am

CannabisNewsBreaks – HTC Extraction Systems (TSX.V: HTC) Announces Repricing of “Bought Deal” Brokered Private Placement

HTC Extraction Systems (TSX.V: HTC) today announced that it has repriced its "bought deal" brokered private placement initially announced on July 3, 2019 and amended on September 27, 2019. According to the update, the repricing of the private placement more accurately reflects the current market price of the company's common shares. Under the terms of the offering, Canaccord Genuity Corp. will act as sole bookrunner and lead underwriter, on behalf of a syndicate of underwriters, and purchase, on a "bought deal" private placement basis, 25,000,000 units of the company, each at a price of C$0.40, for aggregate gross proceeds of…

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ThursdayOct 17, 2019 9:34 am

CannabisNewsBreaks – MustGrow Biologics Corp. (CSE: MGRO) (OTC: MGROF) Finalizes Liquid Formulation of Mustard-Derived Bio-Pesticide

MustGrow Biologics (CSE: MGRO) (OTC: MGROF), an agricultural biotech company developing and commercializing a portfolio of natural, science-based bio-pesticides and bio-fertility products, this morning announced the finalization of its advanced liquid formulation. The new liquid formulation is an advancement of the company’s signature mustard-derived ‘granule format’ bio-pesticide product. In contrast to the granule format, the liquid formulation can be applied through standard drip or spray equipment and improves functionality and performance. Among other highlights, it has greater efficacy results per volume, a higher concentration of the active ingredient, and lower transportation costs. MustGrow’s liquid formulation work program was completed by…

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WednesdayOct 16, 2019 12:48 pm

CannabisNewsBreaks – Zenabis Global Inc. (TSX: ZENA) Posts Operational Update

Zenabis Global (TSX: ZENA) recently issued an update regarding its facility construction and licensing activities as well as the company’s cannabis production results. Among other highlights, the company reported a cultivation output of 1,996 kg of dried cannabis in August 2019, surpassing its revised forecast output of 1,579 kg by more than 26%. The company remains focused on advancing the construction underway at Zenabis Langley, which is anticipated to reach a total annual cultivation capacity of 143,200 kg upon completion of licensing. “August output was more than 60% greater than any prior month. Through to the end of October we…

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WednesdayOct 16, 2019 12:03 pm

CannabisNewsBreaks – Three Canadian Licensed Producers with Price Target Downgrades

A technical420 editorial published today and written by Anthony Varrell highlights details regarding three Canadian Licensed Producers (“LPs”) with price target downgrades. The cannabis sector, yesterday, recorded one of its best trading days of the year, coming after Aphria Inc. (TSX: APHA) (NYSE: APHA), a leading Canadian LP, released first quarter financial results. According to the update, one of the reasons the move caught attention is because it comes after heavy pressure on the cannabis sector. Canadian LPs such as Aphria have been some of the most impacted during this time. The article goes on to highlight some of the…

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WednesdayOct 16, 2019 9:30 am

CannabisNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) to Present at the Benzinga Cannabis Capital Conference in Chicago

Plus Products (CSE: PLUS) (OTCQX: PLPRF), a leading cannabis branded products company in the U.S., this morning announced its plans to present at the Fifth Benzinga Cannabis Capital Conference. The event is slated to be held in Chicago from October 22-23, 2019. Plus Products will present to an audience of public and private companies and fellow institutional, family office and accredited investors looking for the right opportunities in a crowded and volatile market. To view the full press release, visit http://cnw.fm/S2otp About Plus Products Inc. Plus Products Inc. manufactures cannabis products in California. The company offers cannabis-infused edibles to the…

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WednesdayOct 16, 2019 9:21 am

CannabisNewsBreaks – Canopy Rivers Inc. (TSX: RIV) (OTC: CNPOF) Portfolio Company Obtains Health Canada License Amendment

Canopy Rivers (TSX: RIV) (OTC: CNPOF), a venture capital firm specializing in cannabis, on Tuesday announced that its portfolio company James E. Wagner Cultivation Corp. (TSXV: JWCA) (OTCQX: JWCAF) (“JWC”) received a Health Canada license amendment permitting cannabis production in four new flowering rooms at its flagship facility in Kitchener, Ontario. The additional flowering rooms are part of an ongoing program to expand JWC's existing production capacity. Once fully operational, the expansion will double the facility's current licensed production capacity from 22,000 square feet to approximately 44,500 square feet. “We believe that this license amendment demonstrates Health Canada's recognition of…

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TuesdayOct 15, 2019 2:56 pm

CannabisNewsBreaks – Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Subsidiary Launches Proprietary Sativa-Dominant Strain

Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) holds a diversified portfolio of cannabis brands including its wholly owned subsidiary, 7ACRES. An article discussing the company reads, “Recently, SPRWF announced the initial market entry of Jack Haze, a proprietary strain from its 7ACRES subsidiary. The unique 7ACRES Jack Haze strain is the first of a series designed to differentiate the high-end flower offering of 7ACRES from that of its competitors. That superior quality, the company says, will enable it to maintain premium pricing across Canada. Jack Haze is the company’s first sativa-dominant strain, offering rare sensory characteristics and a…

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TuesdayOct 15, 2019 10:21 am

CannabisNewsBreaks – CannabisNewsWire to Serve as Official Dissemination Partner of Cannabis World Congress & Business Expo in Boston

CannabisNewsWire (“CNW”), an information service specializing in cannabis-related news, announced that it will serve as an official dissemination partner of the upcoming Cannabis World Congress & Business Expo (“CWCBExpo”). Widely recognized as one of the leading business-to-business trade shows and conferences for all legalized and medical cannabis industry sectors, the CWCBExpo is scheduled to take place at the Hynes Convention Center in Boston, Massachusetts, from October 24–26, 2019. “Our network provides powerful syndication with more than 5,000 outlets, which we utilize to distribute press releases and articles that feature Cannabis World Congress & Business Expo’s impressive lineup,” CNW Director of…

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FridayOct 11, 2019 11:55 am

CannabisNewsBreaks – IONIC Brands Corp. (CSE: IONC) (OTC: IONKF) (FRA: IB3) Reports Milestone Q2 Revenues, Completes Transformational Acquisitions

IONIC Brands (CSE: IONC) (OTC: IONKF) (FRA: IB3), a West Coast cannabis holding company specializing in the recreational adult-product market, recently reported second-quarter 2019 financial results, including a revenue milestone of $5.9 million (http://cnw.fm/8Ueu8). An article discussing the company reads, “‘We are very pleased with our second quarter financial results, achieving our focus of increasing sales growth while closing a successful financing for various strategic business acquisitions all in a span of three months,’ John Gorst, chairman and CEO of IONIC Brands, stated in a news release. . . . Several transformational acquisitions were recently completed, adding to IONIC’s multistate portfolio…

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