CannabisNewsBreaks

FridayOct 04, 2019 3:08 pm

CannabisNewsBreaks – Independent Vaping Retailers & Manufacturers Urge Congress to Establish Significant Market Reform

Over 600 independently owned vaping retailers and manufacturers came together to release a white paper today formally responding to CDC claims about the link of e-cigarettes and recent illnesses and deaths. The white paper also outlined specific solutions for policy makers to address the youth epidemic including the limitation of flavors to lower nicotine products sold through adult-only retail establishments. It also suggested implementing an examination of nicotine strength and risk profiles as well as encouraging manufacturers to build age verification tools into all hardware. “Although state health departments and the FDA have continued to link recent respiratory illnesses with…

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FridayOct 04, 2019 2:16 pm

CannabisNewsBreaks – Organigram Holdings Inc. (TSX: OGI) (NASDAQ: OGI) Advancing Toward Production Capacity Increase

Organigram Holdings (TSX: OGI) (NASDAQ: OGI), the parent company of Organigram Inc., a leading licensed producer of cannabis, is advancing on its goal to increase its licensed production capacity to 76,000 kilograms per year. An article discussing the company reads, “Additional construction outlined in phase 4B of the company’s expansion plans is on schedule to be completed later this month. The company plans on submitting the licensing amendment for its remaining 16 phase 4B cultivation rooms this month as well. The perimeter of phase 5 of the company’s expansion, which will include an edibles and derivative product facility and more…

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FridayOct 04, 2019 11:26 am

CannabisNewsBreaks – Ascend Wellness Holdings Receives Recreational Use Cultivation License

Ascend Wellness Holdings (“AWH”) on Thursday announced that the company has become one of the first cultivators to receive state approval to supply the Illinois recreational cannabis market. Per the update, AWH’s Barry, Illinois cultivation facility was awarded one of the first six recreational-use cultivation licenses issued in Illinois. Receipt of this license certifies that the company will be able to supply the Illinois recreational adult-use cannabis market when it launches on January 1, 2020. Additionally, the company detailed its plans to convert its current HCI brand dispensaries in Springfield and Collinsville to adult-use under the Illinois Provisions brand. AWH…

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ThursdayOct 03, 2019 2:51 pm

CannabisNewsBreaks – Investment Interest in the Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Rises Following BMO Block Trade

The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF), a leading producer of premium certified-organic cannabis, is increasing its number of institutional holders following the recent clearing of stock overhang. An article discussing the company reads, “In the wake of the Bank of Montreal’s (BMO) completion of a block trade of Aurora Cannabis (TSX: ACB) (NYSE: ACB) held shares of the Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF), leadership is reportedly pleased to see that 28.8 million overhanging shares remaining from that transaction have been successfully placed, predominately with institutional asset managers. . . . Through a transaction…

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ThursdayOct 03, 2019 2:45 pm

CannabisNewsBreaks – Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Providing Premium Brands, Products to Cannabis Industry

Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1), together with its various divisions and operating assets, is focused on delivering quality products, securing synergistic industry partnerships and employing powerful distribution networks. An article discussing the company reads, “Each of SPRWF’s operating assets is very focused and aims to achieve excellence at its core function. With 7ACRES, the company has created a business that produces the highest-quality premium cannabis at scale. With the recent launch of Cambium Plant Sciences, a cannabis genetics firm located in Goderich, Ontario, Supreme Cannabis further focused 7ACRES’ operations, spinning out its successful genetics business into…

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ThursdayOct 03, 2019 11:32 am

CannabisNewsBreaks – CannabisNewsWire Announces Re-Engagement as Official NewsWire for Chicago-Based Benzinga Cannabis Capital Conference

Multifaceted financial news and publishing company of the InvestorBrandNetwork, CannabisNewsWire (“CNW”), today announced that it has been re-engaged as the official newswire for the upcoming Benzinga Cannabis Capital Conference. Touted as one of the premier gatherings of cannabis entrepreneurs and investors in North America, the event is slated to take place in Chicago from October 22-23, 2019. The Benzinga events are held throughout the year in various North American cities and provide investors the opportunity to come face-to-face with top companies to hear their stories and gain insight surrounding advancements in the rapidly changing cannabis space. The events also provide…

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ThursdayOct 03, 2019 10:42 am

CannabisNewsBreaks – VIVO Cannabis Inc. (TSX.V: VIVO) (OTCQX: VVCIF) Reaffirms Timing of First Harvest at Kimmetts, Unveils 2020 Cultivation Plans

VIVO Cannabis Inc. (TSX.V: VIVO) (OTCQX: VVCIF) this morning announced its expected commencement of the first harvest at its Kimmetts facility in Napanee, Ontario in the fourth quarter of 2019. In addition, VIVO unveiled its plans for the facility in 2020, which include an accelerated planting schedule and the contemplated use of five additional acres of land adjacent to the existing airhouses. VIVO made the announcements during its analyst and investor day held in Napanee, where the company showcased its airhouse technology, extraction programs and progress toward achieving EU GMP certification. “The fact that we expect to be able to…

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ThursdayOct 03, 2019 10:33 am

CannabisNewsBreaks – Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) Announces Opening of 150th CBD Shop and Progress to Capitalize on Holiday Shopping Season

Lifestyle-oriented cannabis company Green Growth Brands (CSE: GGB) (OTCQB: GGBXF) today announced the opening of its 150th Seventh Sense® Botanical Therapy ("Seventh Sense") CBD mall-based shop. The first shop opened in early February, and the update provides a link to watch Green Growth Brands CEO Peter Horvath discuss the growth of Seventh Sense from the Polaris Fashion Place location in Columbus, Ohio. The 150 shops operate across 35 states, and the number of locations is expected to reach up to 200 by the start of the holiday shopping season. To date, of the customers in the consumer database, nearly 20%…

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ThursdayOct 03, 2019 9:48 am

CannabisNewsBreaks – Canopy Rivers Inc. (TSX: RIV) (OTC: CNPOF) Announces Details Surrounding TerrAscend Canada Investment

Canopy Rivers (TSX: RIV) (OTC: CNPOF), a venture capital firm specializing in cannabis, today provided details surrounding its investment in connection with a financing announced October 2, 2019. According to the update, Canopy Rivers has acquired ownership and control over (i) $13,243,000 principal amount of unsecured convertible debentures of TerrAscend Canada Inc. (the "Debentures"); and (ii) 333,723 common share purchase warrants of TerrAscend (the "Warrants"). The Debentures’ principal amount is convertible into fully paid and non-assessable common shares or exchangeable shares of TerrAscend at the holder’s option, or upon the occurrence of certain events, at a conversion price of $5.95…

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WednesdayOct 02, 2019 2:24 pm

CannabisNewsBreaks – Canopy Growth Corp. (TSX: WEED) (NYSE: CGC) Acquires Majority Stake in Biosteel Sports Nutrition, Inc.

Canopy Growth Corp. (TSX: WEED) (NYSE: CGC) announced today that it has completed an all-cash transaction to purchase a majority stake in leading producer of sports nutrition products BioSteel Sports Nutrition, Inc. The deal was highlighted in an article authored by Michael Berger on Technical420.com titled, ‘Canopy Growth Announces Purchase of Majority Stake in Biosteel Sports Nutrition Inc’. Per the article, the transaction offers a substantial platform for Canopy Growth to enter the scports nutrition and hydration segment. “BioSteel has a reputation for being a best-in-class provider of natural sports nutrition products and all of its products are well positioned…

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