CannabisNewsBreaks

MondaySep 30, 2019 3:18 pm

CannabisNewsBreaks – SinglePoint Inc. (SING) Realizes Impressive Revenue Growth in Q2 2019

Technology and investment company SinglePoint (OTCQB: SING) recently reported significant revenue earnings during second quarter 2019. An article discussing the company reads, “SinglePoint filed Form 10-Q for the quarterly period ended June 30, 2019. The company more than doubled its revenue from the same period the year prior; revenue increased from $311,237 in 2018 to $856,859 in 2019 (http://cnw.fm/zPD2V). . . . ‘We are very excited about the growth and path we are on,’ SinglePoint president Wil Ralston stated in a news release. ‘This is another step in the right direction for SinglePoint. We look forward to showing an even larger increase…

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MondaySep 30, 2019 3:13 pm

CannabisNewsBreaks – IONIC Brands Corp. (CSE: IONC) (OTC: IONKF) (FRA: IB3) Reports Q2 Revenues Up 377%

IONIC Brands (CSE: IONC) (OTC: IONKF) (FRA: IB3), a West Coast cannabis holding company specializing in the recreational adult-product market, recently announced impressive second-quarter financial results. An article discussing the company reads, “IONIC saw a year-over-year increase of 377% in sales for the period ended June 30, leaving the company $3.86 million better than the prior year. The sales increase was largely due to an increase in services, packaging and ancillary products to its customers and their downstream sales, as well as an increase in licensing and equipment rental revenue to those customers. Two acquisitions also played into the revenue…

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FridaySep 27, 2019 3:00 pm

CannabisNewsBreaks – Geyser Brands Inc. (TSX.V: GYSR) Achieves 81% Gross Profit Margin in Q1 2019

Global science-led, consumer, health-care company Geyser Brands (TSX.V: GYSR) is continuing to achieve its strategic goals. An article discussing the company reads, “Financial statements for the three months ended June 30, 2019, show Geyser Brands reporting revenues of $79,434, representing an 81% gross profit margin. . . . ‘We have begun to operationalize our manufacturing and processing capabilities, generating our first revenues during Q1. We are continuing to explore new brand opportunities and develop our manufacturing capacity to position the company for rapid expansion as our remaining Health Canada licenses get awarded,’ CEO Andreas Thatcher stated in a news release (http://cnw.fm/Kl8Qm).…

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FridaySep 27, 2019 12:41 pm

CannabisNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Advances Within Competitive Canadian Cannabis Space

Cannabis-focused research and development company The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF), a leading producer of premium certified-organic cannabis, is on a mission to meet the growing demand for organic cannabis in Canada. An article discussing the company reads, “Recently, TGOD received a 100% organic rating from Toronto-based Corporate Knights magazine (http://cnw.fm/9jgNC). The company is one of the few in Canada licensed to cultivate organic cannabis. The Green Organic Dutchman is a pioneer in shifting from indoor farming to greenhouse cultivation, making use of solar energy and cutting electricity costs by up to 90%. Companies leading this effort…

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FridaySep 27, 2019 12:29 pm

CannabisNewsBreaks – Wildflower Brands Inc. (CSE: SUN) (OTCQB: WLDFF) Subsidiary Opens Two New Premier Cannabis Locations

Wildflower Brands (CSE: SUN) (OTCQB: WLDFF), a public cannabis company developing brands that focus on plant-based wellness and health products, executed an agreement to purchase all issued and outstanding shares of City Cannabis, which recently announced two more store openings (http://cnw.fm/8nC5i). An article discussing the company reads, “The two newest City Cannabis stores are on Cambie Street in Vancouver’s central district and in the upscale coastal environs of Vancouver Island’s Comox (http://cnw.fm/IJvI7). The locations provide the company with tremendous accessibility in the region — the Comox location is located in the heart of a summer tourism destination whose permanent population has…

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FridaySep 27, 2019 11:17 am

CannabisNewsBreaks – Cannabis Strategic Ventures, Inc. (NUGS) Issues Update on NUGS FARM Operations

Cannabis Strategic Ventures (OTCQB: NUGS) today provided an update on its wholly owned and operated flagship cultivation site, NUGS FARM. Per the update, product sales from the site commenced in mid-September, with further revenue bookings expected on a continuing basis as a variety of planned crops are harvested. NUGS FARM is presently operating at about one-third of its total capacity. Full operational capacity is anticipated to be reached during the first quarter of 2020. “It continues to be an exciting time at Cannabis Strategic Ventures and at the NUGS FARM cultivation site,” Cannabis Strategic Ventures CEO Simon Yu stated in…

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FridaySep 27, 2019 10:51 am

CannabisNewsBreaks – HTC Extraction Systems (TSX.V: HTC) Reprices Private Placement

HTC Extraction Systems (TSX.V: HTC) today announced that it has repriced its “bought deal” brokered private placement that was originally announced on July 3, 2019 to reflect the current market price of the company's common shares. Per 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 20,000,000 units of the company on a “bought deal” private placement basis at a price of C$0.50 per unit for total gross proceeds of C$10,000,000. Each unit is comprised of one common share and one-half of one common…

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FridaySep 27, 2019 10:18 am

CannabisNewsBreaks – SinglePoint, Inc. (SING) CEO Discusses Upcoming Tradeshow on MoneyTV with Donald Baillargeon

Technology and investment company SinglePoint (OTCQB: SING) was featured on this week’s episode of MoneyTV with Donald Baillargeon. The internationally syndicated program covers money-focused topics, featuring various companies and in-depth CEO and executive interviews that offer insights into operations and future outlooks. MoneyTV is viewed in over 200 million households in more than 75 countries. This week’s program featured SinglePoint CEO Greg Lambrecht who discussed the company’s plans to attend the upcoming National Association of Convenience Stores conference in Atlanta to showcase its American Hemp cigarette product. To view the full press release, visit http://cnw.fm/7aYTJ About SinglePoint, Inc. SinglePoint, Inc.…

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FridaySep 27, 2019 9:47 am

CannabisNewsBreaks – Chemistree Technology Inc. (CSE: CHM) (OTCQB: CHMJF) Voices Support of SAFE Banking Act

Chemistree Technology (CSE: CHM) (OTCQB: CHMJF) on Thursday announced its support for the passage of the Secure and Fair Enforcement Banking Act of 2019 (“SAFE Banking Act”) by the United States House of Representatives. The SAFE Banking Act is anticipated to be voted on by the U.S. Senate by the end of the year. “Chemistree decided early in its history to focus on developing its business in the legal cannabis industry in certain states in the US. Members of our management team, our Board of Directors and major shareholders have long been significant influencers in the legal cannabis industry in…

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ThursdaySep 26, 2019 12:21 pm

CannabisNewsBreaks – IONIC Brands Corp. (CSE: IONC) (OTC: IONKF) (FRA: IB3) Temporarily Suspends Production in California Amid Vape Product Safety Concerns

IONIC Brands (CSE: IONC) (OTC: IONKF) (FRA: IB3) this morning provided an update addressing the recent vaporizer product safety concerns. In the release, IONKF reiterated its concentration on safety and its commitment to self-regulating above and beyond required regulations and quality measures. In light of the recent vaping events, and in response to the company’s concern with illegal and unregulated black-market products in California, IONKF has temporarily suspended production in California until regulators can address the issue. “This is a situation that we take seriously and are monitoring closely,” IONIC Brands CEO and chairman John Gorst stated in the news…

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