CannabisNewsBreaks

WednesdayOct 02, 2019 9:58 am

CannabisNewsBreaks – Canopy Rivers Inc. (TSX: RIV) (OTC: CNPOF) Announces Additional $10M Investment in TerrAscend Canada Inc.

Canopy Rivers (TSX: RIV) (OTC: CNPOF), a venture capital firm specializing in cannabis, today announced completion of a US$10 million investment in TerrAscend Canada Inc., a subsidiary of its portfolio company TerrAscend Corp. (CSE: TER) (OTCQX: TRSSF). According to the update, the investment includes the purchase of 13,243 units, with each consisting of one unsecured convertible debenture of TerrAscend Canada with a principal amount of C$1,000 and 25.2 common share purchase warrants of TerrAscend exercisable until October 2, 2024. TerrAscend is the first and only cannabis company with sales in Canada, the U.S. and Europe with an international portfolio that…

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TuesdayOct 01, 2019 11:29 am

CannabisNewsBreaks – GP Solutions, Inc.’s (GWPD) Co-Branded Snoop Dogg Product Line a Hit at CannaCon South

GP Solutions (OTC: GWPD), the developer of highly innovative automated micro-farms trade named “GrowPods,” premiered its new co-branded "Snoop's Premium Nutrients Pods" at the recent CannaCon South show in Oklahoma City. According to the update, Snoop Dogg, a longtime legal cannabis advocate, developed his product line to offer a quality system that encourages rapid, robust growth throughout all stages of plant development. "Our Snoop's Premium Nutrients Pods were the hit of the show," GP Solutions CEO George Natzic said in the news release. "Not only was the interest level incredibly high, but we are also in the process of closing…

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TuesdayOct 01, 2019 10:50 am

CannabisNewsBreaks – Youngevity International Inc. (NASDAQ: YGYI) Announces Dividend Payment Timing for September 2019 Series “D” Cumulative Redeemable Perpetual Preferred Stock

Youngevity International (NASDAQ: YGYI), a leading multi-channel lifestyle company operating in three distinct business segments, today announced the timing for the payment of its declared regular monthly dividend of $0.203125 per share of its 9.75% Series D Cumulative Redeemable Perpetual Preferred Stock (NASDAQ:YGYIP) for September 2019. According to the update, the dividend will be payable on October 15, 2019, to holders of record as of September 30, 2019, and will be paid in cash. To view the full press release, visit http://cnw.fm/4yYFY About Youngevity International Inc. Youngevity International Inc. is a multi-channel lifestyle company operating in three distinct business segments,…

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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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