CannabisNewsBreaks

WednesdaySep 04, 2019 10:22 am

CannabisNewsBreaks – Grapefruit Boulevard Investments Inc. (IGNG) Engages Singer Lewak in 2018/2019 Audits

Grapefruit Boulevard Investments, a Los Angeles based cannabis company which has been licensed by the state of California to both manufacture and distribute cannabis products in California since January 2018, has engaged Singer Lewak, LLP of Los Angeles to audit its financial statements. According to the update, the audit will cover financial statements as of and for the fiscal years ended April 30, 2018 and 2019 (the “Grapefruit 2018/2019 Audits”). As a result of its reverse acquisition of IGNG, closed in mid-July 2019, Grapefruit is now a wholly-owned subsidiary of Imaging3, Inc. (OTCQB: IGNG). The financial statements covered by the…

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WednesdaySep 04, 2019 9:34 am

CannabisNewsBreaks – Willow Biosciences Inc. (CSE: WLLW) Engages The Howard Group; Presenting at the 8th Annual Gateway Conference

Willow Biosciences (CSE: WLLW), a leading developer of biosynthetic production systems for high-value, plant-derived active pharmaceutical ingredients (“APIs”) and intermediates, on Tuesday announced its engagement of The Howard Group as its capital markets communications advisor. The engagement is for twelve months at a fee of $9,000 per month, effective August 15, 2019, and is renewable after six months. In this role, The Howard Group will assist Willow with traditional and online initiatives that target the investment community in addition to institutional and retail investing groups. The Howard Group will also provide ongoing commentary on the company’s activities through its blog…

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TuesdaySep 03, 2019 12:58 pm

CannabisNewsBreaks – CannabisNewsWire Enters Exciting Collaboration with CWCBExpo for Two Fall Events

CannabisNewsWire (“CNW”), an information service specializing in cannabis related news, this morning announced its entry into a new collaboration with the Cannabis World Congress & Business Expo (“CWCBExpo”) for two upcoming events. Under the collaboration, CNW will serve as an official dissemination partner for both the CWCBExpo’s Los Angeles event slated to take place September 26-28, 2019, as well as its Boston event to be held from October 24-26, 2019. The CWCBExpo is well known as among the leading B2B trade shows and conferences for all sectors of the legalized and medical cannabis industry, and each of the events will…

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TuesdaySep 03, 2019 12:29 pm

CannabisNewsBreaks – TransCanna Holdings Inc. (CSE: TCAN) (FRA: TH8) Releases Corporate Update

TransCanna Holdings Inc. (CSE: TCAN) (FRA: TH8) this morning announced its appointment of President and CEO Steve Giblin, who will also continue as an executive director for the company while Arni Johannson will remain its chairman of the board. The company thanks former CEO Jim Pakulis for his efforts launching TransCanna and establishing multiple strategic relationships. Per the update, Giblin has led the rapid growth of multiple companies in Europe, Canada and the United States and has worked closely with other industry leading brands with C-suite relationships that include Marriott, Hilton, Bentall Kennedy and Great West Life. "Significant effort has…

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TuesdaySep 03, 2019 10:09 am

CannabisNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Receives Health Canada Approval to Expand Operations into Hamilton Hybrid Greenhouse

Cannabis-focused research and development company The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF) today announced its receipt of Health Canada approval, under the Cannabis Regulations, to expand operations into its new Hamilton, Ontario-based hybrid greenhouse. According to the update, the state-of-the-art 123,000 square foot facility will serve to increase TGOD's premium organic cannabis production as it expands sales in Canada. “We are thrilled to start using this purpose-built hybrid greenhouse as we ramp up our production of premium organic cannabis, an underserved segment of the market,” TGOD CEO Brian Athaide stated in the news release. “Our team pioneered the…

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FridayAug 30, 2019 2:44 pm

CannabisNewsBreaks – The Tinley Beverage Company Inc. Completes State-of-the-Art Long Beach Facility Buildout

The Tinley Beverage Company today announced completion of the buildout of its phase 3 permanent facility in Long Beach, California. According to the update, the state-of-the-art facility is purpose-built and will be utilized for formulation, batching and co-packing of a variety of cannabis-infused beverages, as well as branding, regulatory and beverage-specific DSD distribution-related services. In addition, the company will use the facility to produce its own Tinley-branded products, which, in late Q2 2019, began shipping to distributors from a phase 2 manufacturing facility. “This achievement marks the culmination of several years of design, engineering and construction work, enabled by learnings…

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FridayAug 30, 2019 2:38 pm

CannabisNewsBreaks – Willow Biosciences Inc. (CSE: WLLW) Releases Q2 2019 Results and Provides Operational Update

Willow Biosciences (CSE: WLLW) today released its financial results for the three and six months ended June 30, 2019 and provided an operational update. Among highlights for the quarter, the company reported that it has: expanded its operations to include three facilities located in Calgary, Alberta, Mountain View, California and Burnaby, British Columbia; made key appointments to its management team and board of directors; entered an exclusive Joint Development Agreement (“JDA”) with Noramco; and completed a reverse takeover and raised gross proceeds of approximately $37.0 million. “Over the past few months, we have made impressive progress in advancing our business…

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FridayAug 30, 2019 11:15 am

CannabisNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) Reports Unaudited Q2 2019 Results

Plus Products (CSE: PLUS) (OTCQX: PLPRF), a leading cannabis branded products company in the U.S., today released its unaudited financial and operational results for the three and six months ended June 30, 2019. In the update, the company reported second quarter financial highlights including the following: Revenue increase to $3.6 million in Q2 2019, representing 125% year-over-year growth over Q2 2018 revenues of $1.6 million; improvement in gross margins to $0.7 million, or 20%, in Q2 2019, compared with $0.2 million, or 14%, in Q2 2018. “Our high product standards, growing brand recognition and the launch of our new line…

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FridayAug 30, 2019 9:56 am

CannabisNewsBreaks – IONIC Brands Corp. (CSE: IONC) (OTC: IONKF) (FRA: IB3) Releases Fiscal 2019 Q2 Financial Results, Achieves $5.9M Revenue Milestone

IONIC Brands (CSE: IONC) (OTC: IONKF) (FRA: IB3) on Thursday released its second quarter 2019 financial results as it achieves a $5.9M revenue milestone for the first half of year. The company reported highlights for the quarter ended June 30, 2019 that include completion of a number of strategic acquisitions, as well as a concurrent brokered and non-brokered debenture unit offering raising approximately C$20 million in gross proceeds. “We are very pleased with our second quarter financial results, achieving our focus of increasing sales growth while closing a successful financing for various strategic business acquisitions all in a span of…

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FridayAug 30, 2019 9:34 am

CannabisNewsBreaks – Canopy Rivers Inc. (TSX.V: RIV) (OTC: CNPOF) Portfolio Company Acquires Ultra-Premium Cannabis Brand

Canopy Rivers (TSX.V: RIV) (OTC: CNPOF) on Thursday announced that its portfolio company TerrAscend Corp. (CSE: TER) (OTCQX: TRSSF) has entered definitive agreements to acquire ABI SF, LLC. ABI SF operates a Bay Area cannabis cultivation facility and owns the State Flower brand, which is recognized for its ultra-premium cannabis flower. California-based cannabis producer State Flower focuses on its craft approach to cultivation, using first-class genetics at an Envirocann certified facility in San Francisco. “This announcement is yet another example of TerrAscend delivering on its U.S. expansion plans, providing ever-growing U.S. exposure to Canopy Rivers' and TerrAscend's shareholder base,” Canopy…

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