CannabisNewsBreaks Archive - Page 2 of 328

MondayJun 07, 2021 10:40 am

CannabisNewsBreaks – Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) Completes $44.5M in Financial Transactions, Retires $7.7M in Debt

Red White & Bloom Brands (CSE: RWB) (OTCQX: RWBYF), a multistate cannabis operator and house of premium brands, has finalized financial transactions resulting in a net cash infusion for the company of $36.8 million. The transactions provide full funding for the company’s initial budget for its expansion into Florida as well as its upcoming branding and expansion strategy into Michigan; the transactions also provide funding for the company to pay off an estimated $7.7 million in debt. The transactions included the closing of a nonbrokered private placement of 8,445,426 units offered at a price of C$1.15 per unit and the…

FridayJun 04, 2021 9:56 am

CannabisNewsBreaks – BevCanna Enterprises Inc. (CSE: BEV) (OTCQB: BVNNF) (FSE: 7BC) Releases New TRACE Beverage Multi-Pack Option

BevCanna Enterprises (CSE: BEV) (OTCQB: BVNNF) (FSE: 7BC), an emerging leader in innovative health and wellness beverages and products, has announced that it is offering new packages of its TRACE line of alkaline and mineral-infused water products. This announcement is in addition to the company’s recently announced new partnerships, including with leading East Coast distributor Koyo Foods and leading natural product wholesaler Benefit Brand Management. The new TRACE multi-packs are available across Canada and were designed in response to consumer demand for take-home and value-priced options for wellness products; the company believes the new option will increase the range of TRACE…

ThursdayJun 03, 2021 1:43 pm

CannabisNewsBreaks – Pure Extracts Technologies Corp. (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ) Announces Production of 1 Gram FSO Vape Cartridges

Pure Extracts Technologies (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ) wholly owned subsidiary, Pure Extract Manufacturing Corp., has developed a proprietary 1 gram, full-spectrum oil (“FSO”) vape cartridge. Pure Extracts, a plant-based extraction company focused on cannabis, hemp, functional mushrooms and the rapidly emerging psychedelic sector, announced that production has begun on the cartridges, which will be distributed and sold in the Canadian retail market. The cartridges will be filled with a variety of PULL’s 30-plus proprietary cannabis FSO formulations, including Super Lemon Haze, Grand Daddy Purple and GSK. Pure Extracts uses 510 vape cartridges that are produced by a global manufacturer…

WednesdayJun 02, 2021 12:03 pm

CannabisNewsBreaks – Chalice Brands Ltd. (CSE: CHAL) (OTCQB: GLDFF) Announces OTC Ticker Symbol Change Effective June 3, 2021

Chalice Brands (CSE: CHAL) (OTCQB: GLDFF), formerly Golden Leaf Holdings Ltd., a premier consumer-driven cannabis company specializing in retail, production, processing, wholesale, and distribution, today announced a change in the company's stock symbol trading on the OTCQB(R) Venture Market. According to the update, the company's common shares will trade on the OTCQB under the symbol "CHALF" effective June 3, 2021. The previous trading symbol was "GLDFF." To view the full press release, visit https://cnw.fm/CsM7b About Chalice Brands Ltd. Chalice Brands is a premier consumer-driven cannabis company specializing in production, processing, wholesale, distribution, and retail, with 12 dispensaries in Portland, Oregon.…

WednesdayJun 02, 2021 11:28 am

CannabisNewsBreaks – Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) Releases Select Q1 2021 Operating Highlights

Red White & Bloom Brands (CSE: RWB) (OTCQX: RWBYF), a multistate cannabis operator and house of premium brands, is reporting some business highlights for Q1 2021 and 2020 fiscal year. Those highlights include adjusted sales for the first quarter 2021 totaling an estimated C$32.2 million, which is a sequential increase of 2.4% from Q4 2020’s adjusted sales of $31.4 million. The company also achieved positive adjusted EBITDA of C$460,000 for Q1 2021. The company noted that these numbers do not include RWB Michigan, whose assets are currently being migrated to RWB; RWB Florida, which closed on April 28, 2021; or RWB…

WednesdayJun 02, 2021 10:23 am

CannabisNewsBreaks – BevCanna Enterprises Inc. (CSE: BEV) (OTCQB: BVNNF) (FSE: 7BC) Announces Naturo Group Agreement with Leading Distributor

BevCanna Enterprises (CSE: BEV) (OTCQB: BVNNF) (FSE: 7BC), an emerging leader in innovative health and wellness beverages and products, has finalized an agreement through its wholly owned subsidiary Naturo Group with Koyo Foods Inc. Koyo Foods is a leading Eastern Canadian wholesaler distributor with a portfolio of more than 2,000 products. The contract calls for Koyo Foods to distribute Naturo Group’s TRACE line of products throughout Ontario and Quebec. The announcement noted that Koyo Foods has already received initial orders for TRACE products from a number of retailers. Koyo Foods has built a reputation for expanding its distribution network as well as carrying…

TuesdayJun 01, 2021 2:57 pm

CannabisNewsBreaks – Chalice Brands Ltd. (CSE: CHAL) (OTCQB: GLDFF) Leveraging Retail for Pulse on Consumer Preferences, Trending

Chalice Brands (CSE: CHAL) (OTCQB: GLDFF), a consumer-driven cannabis company in medicinal and recreational marijuana market segments, greatly values its customers. To this end, the company looks at its Chalice Farms retail outlets, located in Portland, as a source of instant customer feedback. In addition, the company has committed to creating a differentiated, inviting and engaging customer experience through an approach to running its retail stores that is similar to the Apple store model. A recent article quotes the company’s CEO Jeff Yapp as saying, “Our retail stores provide a daily report as to what products are working best and…

TuesdayJun 01, 2021 12:32 pm

CannabisNewsBreaks – RYAH Group Inc. (CSE: RYAH) Completes Initial Shipment for Major Plant-Based Medicine Trial

RYAH Group (CSE: RYAH) today announced that it has completed the first shipment of the RYAH Smart Dry Herb Inhalers, which includes a delivery of approximately 10,000 RYAH Cartridges and QR Codes to an international clinic undertaking one of the world’s largest and most comprehensive clinical trials in plant-based medicine. The initial shipment is designated to be used by the clinic in a pilot run in preparation for the previously announced, UK-based study on the safety and efficacy of cannabis and hemp for the treatment of patients suffering from chronic pain. “We are pleased to bring RYAH’s IoT device and…

TuesdayJun 01, 2021 10:52 am

CannabisNewsBreaks – Grapefruit USA Inc. (GPFT) Issues Progress Update for Key Business Areas

Grapefruit USA (OTCQB: GPFT), a premiere, fully licensed California-based cannabis and hemp company, today provided an update with respect to previously issued press releases concerning the company’s progress in certain key areas of its business. “Over the last several months, our Hourglass product team has received extremely positive product feedback and internal reviews from our product testers and retail customers after their regular use of both our hemp-based CBD Hourglass and THC-based Hourglass topicals, which is extremely gratifying for the company and at base shows that the technology works,” said Grapefruit CEO Bradley J. Yourist. “In an effort to keep…

FridayMay 28, 2021 1:18 pm

CannabisNewsBreaks – Pac Roots Cannabis Corp. (CSE: PACR) (OTCQB: PACRF) (FSE: 4XM) Seeks to Expand Production as It Enters Lucrative Market

Pac Roots (CSE: PACR) (OTCQB: PACRF) (FSE: 4XM), a company that uses a genetics-based cultivation approach to differentiate itself from competitors, has thus far focused its efforts on the Canadian market. Recently, however, the company announced the closing of a purchase agreement with the shareholders of Lords of Grasstown Holdings Ltd., a move that heralds its entry into the lucrative U.S. legal cannabis market in addition to broadening its product portfolio. At the same time, Pac Roots has sought “to expand production, most recently through the acquisition of a substantial, 250-acre restriction-free plot of land in the Fraser Valley —…

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