CannabisNewsBreaks Archive - Page 2 of 386

TuesdayJul 26, 2022 1:16 pm

CannabisNewsBreaks – Advanced Container Technologies Inc. (ACTX) Notes Reports Indicating Agriculture May Be ‘Recession-Proof’ Space

Advanced Container Technologies (OTC: ACTX), the exclusive U.S. distributor of self-contained, automated, indoor “micro-farms” called GrowPods, is pointing to a new study indicating that agriculture may be “one of the most recession proof sectors” because despite economic conditions, people still need food. The Money Made report studied the performance of 12 different asset classes against the S&P 500 during three recent market crashes, concluding that agriculture came out on top overall, averaging returns that are at least 24% better than those of the S&P 500. The company also noted that Small Business Trends News reported that the agriculture industry is one…

MondayJul 25, 2022 11:56 am

CannabisNewsBreaks – InMed Pharmaceuticals Inc. (NASDAQ: INM) Issues Update on Phase 2 EB Trial

InMed Pharmaceuticals (NASDAQ: INM), a leader in the research, development, manufacturing and commercialization of rare cannabinoids, today provided an update on its phase 2 clinical trial using investigational drug INM-755 cannabinol (“CBN”) cream for the treatment of patients with epidermolysis bullosa (“EB”). Based on safety data of the first five adult patients who completed the phase 2 study, an independent data monitoring committee agreed it is safe to allow the enrollment of adolescent patients, defined as persons aged twelve to seventeen with EB. “We are pleased that the initial safety data from InMed’s phase 2 EB clinical trial has allowed…

FridayJul 22, 2022 12:03 pm

CannabisNewsBreaks – Flora Growth Corp. (NASDAQ: FLGC) and Colombian Senator Fighting to Legalize Recreational Cannabis Meet

Flora Growth’s (NASDAQ: FLGC) CEO Luis Merchan recently met with Senator Gustavo Bolivar, a Colombian representative who introduced a bill that creates the framework for recreational cannabis in the state. The bill was introduced on July 20, 2022, the same day that Merchan and Bolivar met. The two gentlemen met before Bolivar, a key author of the bill, introduced the bill to Congress. The two talked about what the bill might mean to cannabis countries operating in the country as well as for Colombia’s growing domestic and international cannabis markets, including both domestic trade and international exports. According to the…

TuesdayJul 19, 2022 2:13 pm

CannabisNewsBreaks – Lehua Brands, Maven Genetics Collaborate to Launch Limited Edition Peach Crème Gelato TerpTonic

Lehua Brands, a California licensed manufacturer and distributor of award-winning cannabis products, in a unique collaboration with Maven Genetics, recently launched Maven Peach Crème Gelato TerpTonic (“PCG TerpTonic”). Maven Genetics breeds and cultivates high-quality, rare and exotic indoor cannabis. According to the update, the limited edition PCG TerpTonic is California’s first single-strain, live resin cannabis-infused beverage. “The moment we sampled a test batch of PCG TerpTonic, we recognized Lehua’s extraordinary ability to formulate a cannabis-infused beverage that showcased the taste, aroma and sensory effect of our flower,” said Shane Ponto, co-founder of Maven Genetics. “This collaboration introduces our genetics to…

TuesdayJul 19, 2022 1:28 pm

CannabisNewsBreaks – Advanced Container Technologies Inc. (ACTX) Offers Solution to Grow High-Quality Crops Anywhere Year-Round

Advanced Container Technologies (OTC: ACTX) is the exclusive U.S. distributor of Grow Pods, environmentally controlled micro-farms that allow the cultivation of ultra-clean crops all year long. The newest projections for the global indoor farming sector, which bode well for ACTX, anticipate the market will expand from US$26.5 billion in 2021 to US$62 billion by 2030. “Offering the ability to grow high-quality crops anywhere, the Grow Pods offered through Advanced Container Technologies provide a controlled environment and the ability to grow year-round. The micro-farms also enable cultivation in a smaller footprint using less resources – huge advantages in a world where…

MondayJul 18, 2022 1:32 pm

CannabisNewsBreaks – Flora Growth Corp. (NASDAQ: FLGC) Poised for First-Mover Advantage

Flora Growth Corp. (NASDAQ: FLGC) is aggressively pushing its brand and advancing the conversation around cannabis. “In addition, with its able management, Flora is recognizing and capitalizing on opportunities that others are yet to identify, placing it in a unique position that not only gives it a first-mover advantage but also presents a unique opportunity for growth,” a recent article that discusses a research report from Zacks reads. According to the report, 2021 saw Flora’s acquisition of Vessel Brand Inc., a move that allowed the company to establish a foothold in the United States cannabis accessories business while also improving…

MondayJul 18, 2022 12:55 pm

CannabisNewsBreaks – Lexaria Bioscience Corp. (NASDAQ: LEXX) Partners to Propel New, Exciting Growth Opportunities

Lexaria Bioscience Corp. (NASDAQ: LEXX), a global innovator in drug delivery platforms, recently entered into agreements with beverage developer BevNology. “The BevNology collaboration not only includes a commercial license agreement for products with active ingredients derived from hemp under BevNology’s brand but also a manufacturing operating agreement utilizing BevNology’s new, custom-built state-of-the-art processing facility outside Atlanta…. The manufacturing agreement will help Lexaria broaden its production capabilities for its own growing list of B2B clientele interested in purchasing DehydraTECH-powered active ingredients for consumer-packaged-goods brands. Lexaria has already installed all required commercial DehydraTECH manufacturing equipment at the facility,” a recent article reads.…

MondayJul 18, 2022 11:43 am

CannabisNewsBreaks – Prime Harvest Inc. Subsidiary Receives Adult-Use Edibles Sales, Expansion Rights

Prime Harvest, a legal cannabis company focused on tech and parent company to Jaxx Cannabis, has been granted expansion rights of adult-use edibles sales through Jaxx. According to the announcement, Jaxx is Prime Harvest’s flagship retail brand and is driving strong growth for the company, reporting $4 million in sales last year alone. Through Jaxx, which only offers products that are licensed and regulated by California and San Diego County, consumers can order online 24/7 or purchase in a brick-and-mortar retail store and be assured that they are receiving the highest-quality products available. Jaxx offers a diverse array of products selected to…

MondayJul 18, 2022 10:45 am

CannabisNewsBreaks – InMed Pharmaceuticals Inc. (NASDAQ: INM) Appoints Michael Woudenberg as Chief Operating Officer

InMed Pharmaceuticals (NASDAQ: INM), a leader in the research, development, manufacturing and commercialization of rare cannabinoids, today announced its appointment of Michael Woudenberg as chief operating officer of the company, overseeing all day-to-day operations. Woudenberg previously served as senior vice president of chemistry, manufacturing and controls. For the past several years, he has been an integral part of InMed’s executive team, supporting multiple functions within the organization. Prior to joining InMed, Woudenberg had over 20 years of successful drug development, process engineering, GMP manufacturing and general management experience at all levels of various companies. “I would like to congratulate Mike…

ThursdayJul 14, 2022 1:50 pm

CannabisNewsBreaks – Sugarmade Inc. (SGMD) Benefiting from ‘Snowballing’ Fresh Frozen Cannabis Market

Sugarmade (OTC: SGMD), an emerging leader in the licensed cannabis sector, recently announced the first transaction under its contract with Cannabis Global Inc. (OTC: CBGL). “The transaction calls for Sugarmade to produce an estimated 25,000 pounds of Fresh Frozen cannabis, which Cannabis Global will use in its product lines and will distribute to the California marketplace. Sugarmade and Cannabis Global have signed a prebooked, fixed-price contract in the amount of $700,000…” a recent article reads. This comes as a growing number of cannabis consumers are choosing Fresh Frozen cannabis, which is flash frozen immediately after harvest instead of undergoing the…

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