CannabisNewsBreaks

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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ThursdayAug 29, 2019 2:59 pm

CannabisNewsBreaks – Nabis Holdings Inc. (CSE: NAB) (OTC: NABIF) (FRA: A2PL) Enters Alternative Cannabis Consumption Space via Strategic Acquisition

Nabis Holdings (CSE: NAB) (OTC: NABIF) (FRA: A2PL), a leading Canadian investment company with specialty investments in assets across multiple divisions of the cannabis sector, recently announced that is has acquired 49% of Cannova Medical Ltd. (http://cnw.fm/zpZ2n). Based in Israel, Cannova is a provider of innovative solutions for cannabis consumption, such as sublingual strips. An article discussing the company reads, “According to Cannova, the use of sublingual strips allows for better control of dosage quantities and an enhanced effect of active compounds. These sublingual strips can be used to achieve an array of goals like pain management, enhanced sleep quality and depression…

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ThursdayAug 29, 2019 2:47 pm

CannabisNewsBreaks – MustGrow Biologics Corp. (CSE: MGRO) Focuses on Optimizing Liquid Pest-Control Formulation

MustGrow Biologics (CSE: MGRO), an agricultural biotech company, is concentrating its efforts toward the development of a liquid formulation that will support fruit, vegetable, turf, ornamental, tobacco and cannabis products. A recent article discussing the company reads, “MustGrow’s scientific focus this year is on using funds to optimize its liquid formulation and to research the potential for cannabis application. In addition, it is looking to bring in third-party products for the cannabis market under distribution and in-licensing agreements. The first of these third-party products includes an agreement with Triangle Plant Sciences (‘TPS’) to offer exclusive Canadian and global access to…

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ThursdayAug 29, 2019 12:54 pm

CannabisNewsBreaks – Organigram Holdings Inc. (TSX.V: OGI) (NASDAQ: OGI) Gains Media Attention Following Four Profitable Quarters

Organigram Holdings (TSX.V: OGI) (NASDAQ: OGI), the parent company of Organigram Inc., a leading licensed producer of cannabis, recently received coverage in a Bloomberg article discussing OGI’s financial results for the last four quarters (http://cnw.fm/sBS4g). An article further discussing the company reads, “Organigram’s Q3 and fiscal year-to-date results represent some of the strongest operating and financial metrics amongst Canadian licensed producers. With one of the lowest cultivation costs per gram and continued discipline on selling, general and administrative expenses, Organigram’s results place it in the top tier of the Canadian industry. . . . As per the Bloomberg article, Organigram’s sustainable…

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ThursdayAug 29, 2019 12:47 pm

CannabisNewsBreaks – Grapefruit Boulevard Investments Inc. (IGNG) Dedicated to Offering High-Quality Cannabis Products

California-based Grapefruit Boulevard Investments, a wholly owned subsidiary of Imaging3 (OTCQB: IGNG), is devoted to offering high-quality cannabis products. An article discussing the company reads, “Grapefruit’s dedication to quality and service means that, in addition to being able to offer a large and diverse inventory of superior cannabis products that can be delivered within 24 hours of order, the company’s wholesale distribution arm will also offer high-quality, competitively priced raw materials to other manufacturers and distributors. Grapefruit’s extraction lab produces high-quality distillate or ‘honey oil,’ a universal product used in everything from infused edibles and tinctures/creams to the ‘fuel’ used…

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ThursdayAug 29, 2019 9:40 am

CannabisNewsBreaks – Geyser Brands Inc. (TSX.V: GYSR) Releases Q1 Financial Results, Provides Solace Acquisition Update

Geyser Brands (TSX.V: GYSR) this morning released its first quarter financial statements for the three months ended June 30, 2019. According to the update, the company generated its first revenues of $79,434 during the quarter and reported $64,690 in gross profit, representing an 81 percent gross profit margin. In addition, Geyser Brands announced that, in connection with its conditional approval of the Solace Management Group Inc. acquisition, it is submitting all information to the TSX Venture Exchange for review. “We have begun to operationalize our manufacturing and processing capabilities, generating our first revenues during Q1,” GYSR CEO Andreas Thatcher said…

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ThursdayAug 29, 2019 9:32 am

CannabisNewsBreaks – VIVO Cannabis Inc. (TSX.V: VIVO) (OTCQX: VVCIF) Posts Q2 2019 Financial and Operating Results

VIVO Cannabis (TSX.V: VIVO) (OTCQX: VVCIF) on Wednesday announced financial and operating results for the second quarter 2019. Among other highlights, the company reported net revenue of $5.3 million in the quarter, representing a five-fold increase from the same period last year. The company’s senior management will be hosting a conference call to discuss the results today, August 29 at 10:00 AM ET. To join the call, dial 647-427-7450 or 1-888-231-8191 using the conference ID 4479716. “The progress our team has made on all four of our strategic priorities positions us well for future growth,” VIVO CEO Barry Fishman stated…

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WednesdayAug 28, 2019 9:46 am

CannabisNewsBreaks – Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) Acquires Second The+Source Location

Lifestyle-oriented cannabis company Green Growth Brands (CSE: GGB) (OTCQB: GGBXF) today announced the closing of its acquisition of Henderson Organic Remedies, LLC (“The+Source Henderson”), which was previously disclosed on December 14, 2018. According to the update, the Henderson location is the second The+Source dispensary operated by GGB in greater Las Vegas, with similar productivity in both locations. “The+Source Henderson has been under our management for the last nine months,” Green Growth Brands CEO Peter Horvath said in the news release. “In that time, we have grown revenue, transactions and gross margin by double digits. Our ability to significantly improve top…

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