CannabisNewsBreaks

TuesdaySep 24, 2019 9:23 am

CannabisNewsBreaks – GP Solutions, Inc. (GWPD) Inks Deal with Snoop’s Premium Nutrients to Create Specialized Grow Pods, Become Nutrient Distributor

GP Solutions (OTC: GWPD), the developer of highly innovative automated micro-farms trade named “GrowPods,” on Monday announced that it has signed a deal to become a distributor of Snoop's Premium Nutrients, a premier product line developed in Holland exclusively for the cannabis market. In addition, GP Solutions will produce a series of customized, co-branded GrowPods called “Snoop's Premium Nutrients Pods”, which will come with a 6-month supply of the premium nutrients. The company will be premiering the first Snoop's Premium Nutrients Pods at CannaCon South, taking place September 27-28 in Oklahoma City. “This is an enormous opportunity for our company…

Continue Reading

FridaySep 20, 2019 1:54 pm

CannabisNewsBreaks – Geyser Brands Inc. (TSX.V: GYSR) Demonstrates Growth with Encouraging Financial Results

Geyser Brands (TSX.V: GYSR) recently reported notable financial results for the eight months ended March 31, 2019 (http://cnw.fm/4Wa6M). An article discussing the company reads, “‘We are pleased with our progress in the first eight months since completing the RTO. Our subsidiary, 0957203 B.C. Ltd. dba Apothecary Botanicals, through its strong management, has been successful in bringing its facility to GMP-compliant standards for manufacturing and processing and in obtaining Health Canada licensing for Cultivation and Standard Processing,’ Geyser CEO Andreas Thatcher said in a news release. . . . The financial report features a couple of important highlights that stand as evidence…

Continue Reading

FridaySep 20, 2019 9:55 am

CannabisNewsBreaks – Youngevity International Inc. (NASDAQ: YGYI) Announces Pricing of $7.25M Underwritten Public Offering

Youngevity International (NASDAQ: YGYI), a leading multi-channel lifestyle company operating in three distinct business segments, on Thursday announced the pricing of its underwritten public offering of 290,000 shares of its 9.75% Series D Cumulative Redeemable Perpetual Preferred Stock, each at price of $25.00. The company expects to receive approximately $7,250,000 in gross proceeds from the offering, with the closing, subject to the satisfaction of customary conditions, expected to occur on or about September 24, 2019. The shares are expected to be traded under the symbol "YGYIP" on Nasdaq and will not be convertible into or exchangeable for any of the…

Continue Reading

FridaySep 20, 2019 9:18 am

CannabisNewsBreaks – TransCanna Holdings Inc. (CSE: TCAN) (FRA: TH8) Completes SolDaze Acquisition

TransCanna Holdings (CSE: TCAN) (FRA: TH8) on Thursday announced that it has closed the acquisition of all the outstanding equity interest in Tres Ojos Naturals LLC, currently doing business as SolDaze. TransCanna paid a purchase price comprised of a cash payment of $200,000 (including a previously paid deposit of $50,000) and the issuance of 810,000 common shares at a deemed price of $1.14 each. Another cash payment of $150,000 will be paid on November 15, 2019 to satisfy the remaining cash portion of the purchase price. TCAN and the vendors entered into a voluntary pooling agreement concerning the closing share…

Continue Reading

ThursdaySep 19, 2019 1:16 pm

CannabisNewsBreaks – Earth Science Tech Inc. (ETST) Reports Sharp Increase in Revenue, Gross Profit in Quarterly Report

Earth Science Tech (OTCQB: ETST), an innovative biotechnology company, recently reported an impressive increase in revenue and gross profit for the three months ended June 30, 2019 (http://cnw.fm/2uKk5). An article discussing the company reads, “For the quarter, ETST reported sales of $227,635 — a total that is 36.4% higher than the $166,891 in revenues for the comparable period in 2018. Additionally, gross profit jumped to $113,126 in the 2019 quarter, from $59,409 for the same quarter in 2018. To achieve that higher gross profit figure, ETST placed emphasis on cutting key operating expenses, including marketing, legal and R&D. . . .…

Continue Reading

ThursdaySep 19, 2019 1:11 pm

CannabisNewsBreaks – VPR Brands LP (VPRB) Primed to Profit from South Asian Medical Marijuana Markets

VPR Brands (OTCQB: VPRB), a market leader and pioneer in electronic cigarettes and vaporizers for nicotine, cannabis and cannabidiol (“CBD”), is positioned to profit from the approval of medical marijuana in South Asian markets. An article discussing the company reads, “This news was announced by Thailand Public Health Minister Anutin Charnvirakul, who is also the deputy prime minister of Thailand (http://cnw.fm/N1bal). This is the first time that Thai state hospitals will be administering cannabis oils to patients since the country passed legislation allowing such treatment. . . . ‘This is the outcome of legalizing medical cannabis,’ Charnvirakul stated in a press…

Continue Reading

ThursdaySep 19, 2019 9:52 am

CannabisNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Hosting Analyst Site Visits at Hamilton and Valleyfield Facilities

Cannabis-focused research and development company The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF), a leading producer of premium certified organic cannabis, today announced that it is hosting site visits for analysts at its Hamilton and Valleyfield facilities on September 19-20. According to the update, the company is sharing, for the first time, beyond construction timelines, Canadian production ramp-up and other updates that are available on its website. “We are doing something no other producer has done before, growing premium certified organic cannabis at scale. By leveraging our proprietary growing methods, purpose-built facilities and industry-leading horticultural team, we are creating…

Continue Reading

ThursdaySep 19, 2019 9:21 am

CannabisNewsBreaks – IONIC Brands Corp. (CSE: IONC) (OTC: IONKF) (FRA: IB3) Secures DTC Eligibility for U.S. Markets

IONIC Brands (CSE: IONC) (OTC: IONKF) (FRA: IB3) on Wednesday announced that it has achieved eligibility by The Depository Trust Company (“DTC”) for its shares on the OTC Market in the United States. DTC, a subsidiary of the Depository Trust & Clearing Corporation (“DTCC”), manages the electronic clearing and settlement of publicly traded companies. This method accelerates the receipt of stock and cash, fast-tracks the settlement process for investors and brokers and cuts transactional costs for participating brokerage firms. DTC eligibility enables stock to be traded over a significantly broader selection of brokerage firms, as several firms require DTC eligibility…

Continue Reading

WednesdaySep 18, 2019 10:01 am

CannabisNewsBreaks – Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Releases of Q4 and 2019 Fiscal Year End Financial Results

Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) on Tuesday announced the release of its financial and operating results for the fourth quarter and fiscal year ended June 30, 2019. Among the results, the company reported achievement of its first positive Adjusted EBITDA quarter of $3.2 million, a 90% increase in net revenue to $19 million in Q4 2019, up from $10 million in Q3 2019, as well as a 370% increase in fiscal total revenue to $41.8 million in 2019, up from $8.9 million in 2018. “We end fiscal 2019 as one of the few Canadian cannabis businesses…

Continue Reading

WednesdaySep 18, 2019 9:28 am

CannabisNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) Completes Debt Transaction

Plus Products (CSE: PLUS) (OTCQX: PLPRF), a leading cannabis branded products company in California, this morning announced the completion of the debt transaction previously announced by Plus on September 11 concerning the issuance of units consisting of subordinate voting shares and warrants in exchange for the settlement of certain debt. In accordance with an escrow agreement ancillary to the debt transaction, 50% of the issued shares will be held in escrow until specific conditions detailed in the agreement are met. Per the previous announcement regarding the transaction, all securities issued are subject to a statutory four-month hold period. To view…

Continue Reading