CannabisNewsBreaks

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…

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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. . . .…

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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…

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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…

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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…

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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…

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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…

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TuesdaySep 17, 2019 2:30 pm

CannabisNewsBreaks – Organigram Holdings Inc.’s (TSX: OGI) (NASDAQ: OGI) Noteworthy Corporate Governance, Financial Performance Drive Success

Organigram Holdings (TSX: OGI) (NASDAQ: OGI), the parent company of Organigram Inc., a leading licensed producer of cannabis, was recently highlighted in an article by Bloomberg titled, ‘Organigram a Canadian Pot Rarity After Four Profitable Quarters’ (http://cnw.fm/X1kps). An article further discussing the company reads, “Along with the company’s impressive corporate governance comes its equally notable — and consistent — financial performance. This is likely due to its team’s adherence to fiscal discipline, something that can be difficult to find in this industry. Bloomberg noted that, with four quarters of profitability under its belt, Organigram Holdings is ‘an anomaly in the Canadian…

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TuesdaySep 17, 2019 2:23 pm

CannabisNewsBreaks – GB Sciences, Inc. (GBLX) Sells 50% Ownership Stake in GB Sciences Louisiana, LLC

GB Sciences (OTCQB: GBLX) today announced that it has filed an 8k announcing the sale of its 50% ownership stake in GB Sciences Louisiana, LLC. for $16 million. The stake will be bought by Wellcana Plus at a fee of $7 million in cash at closing, $1 million in cash within 60 days of closing, and the remaining $8 million as an earn out. The profitability of the Louisiana operations will determine the proceeds realized through the earn out as well as the timing of those proceeds. The sale enables GBLX to focus on attaining a DEA license, profitability and…

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TuesdaySep 17, 2019 11:37 am

CannabisNewsBreaks – TransCanna Holdings Inc. (CSE: TCAN) (FRA: TH8) Appoints Consumer Products and Healthcare Industry Veteran Peter Vitulli to its Board

TransCanna Holdings Inc. (CSE: TCAN) (FRA: TH8) this morning announced its appointment of Peter Vitulli to its board of directors. According to the update, Vitulli currently serves as an operating advisor at Windrose Health Investors and has extensive experience spanning 35 years in the consumer products and healthcare industries with both large corporations and entrepreneurial start-ups. Earlier in his career, Peter was president and general manager of the $1 billion North American Gatorade business. He most recently served as president and CEO of DNA Diagnostics Center, one of the world's largest providers of private DNA tests. "I have a long-standing…

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