CannabisNewsBreaks

WednesdayAug 14, 2019 2:51 pm

CannabisNewsBreaks – VPR Brands LP (VPRB) Announces OTCQB Venture Market Uplisting; Posts Q2 and Year to Date 2019 Financial Results

Innovative technology holding company VPR Brands LP (OTCQB: VPRB) this morning announced that it will begin quotation on the OTCQB Venture Market today. In addition, the company also recently released its second quarter and year to date 2019 financial results. According to the update, VPR Brands reported revenues of $1.58 million for the second quarter of 2019, reflecting a 31 percent increase over the second quarter of 2018. The company saw a similar 31 percent increase for the six months ended June 30, 2019, versus the comparable period in 2018. “The results of putting our newly raised capital to work…

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WednesdayAug 14, 2019 1:46 pm

CannabisNewsBreaks – Youngevity International Inc. (NASDAQ: YGYI) Reports 2019 Q2 and Six Months Results, 21.2% Increase of Second Quarter Revenues

Youngevity International (NASDAQ: YGYI), a leading multi-channel lifestyle company operating in three distinct business segments, this morning reported financial results for the second quarter and six months ended June 30, 2019. Per the update, the company’s revenues for second quarter were $53.7 million compared to $44.3 million in the prior year, reflecting an increase of 21.2 percent. In addition, Youngevity’s gross profit for the second quarter improved to $25.9 million from $25.4 million in the prior year, and net loss improved to ($47,000) in the second quarter from ($614,000) in the prior year. "We are pleased with our quarter over…

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WednesdayAug 14, 2019 12:43 pm

CannabisNewsBreaks – Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) Appoints Consumer Packaged Goods Veteran to Board of Directors

Biotechnology company and global drug delivery platform innovator Lexaria Bioscience (CSE: LXX) (OTCQX: LXRP) today announced the appointment of Brian Quigley to its board of directors. Quigley most recently spent 16 years at Altria Group, seven of which were spent as president and CEO for U.S. Smokeless Tobacco and Nu-Mark, Altria's innovation company, during the time that the existing Lexaria and Altria business relationship was negotiated. Quigley is a 20-year Consumer Packaged Goods veteran with a background of managing complex regulatory environments including for novel and innovative nicotine products, and holds additional deep experience with operations and marketing. “Lexaria continues…

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WednesdayAug 14, 2019 11:48 am

CannabisNewsBreaks – TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) Enters Definitive Agreement with SolDaze

TransCanna Holdings (CSE: TCAN) (FSE: TH8) this morning announced its entry into a definitive purchase agreement for all of the outstanding equity interest in Tres Ojos Naturals LLC, doing business as SolDaze, a Santa Cruz, California-based limited liability company. Per the update, the transaction will absorb SolDaze's branding asset package into the company's expanding asset portfolio, providing what it believes will be significant penetration into the cannabis market in California. “We are very pleased and excited to welcome the SolDaze team into the TransCanna family. We would like to recognize their efforts, achievements and in particular their patience and dedication…

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WednesdayAug 14, 2019 11:02 am

CannabisNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Releases Q2 2019 Results

Cannabis-focused research and development company The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF) on Tuesday released its financial and operational results for the three and six months ended June 30, 2019. In addition, TGODF management hosted a call to discuss the results at 9:00 AM ET on August 14, 2019, and a playback is available for approximately one week at http://cnw.fm/q2yuH. “Q2 was pivotal for the Company as we began commercial production in the second phase of our Hamilton site and expanded our product line for the Grower's Circle,” TGOD CEO Brian Athaide said in the news release. “The…

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WednesdayAug 14, 2019 10:52 am

CannabisNewsBreaks – Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Announces Closing of Truverra Inc. Acquisition

Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) on Tuesday announced the closing of its acquisition of all of the issued and outstanding shares of privately-held Truverra Inc. According to the update, the transaction was completed by way of a three-cornered amalgamation. 2708300 Ontario Ltd., a wholly-owned subsidiary of Supreme Cannabis, combined with Truverra to form a newly amalgamated company that will operate under the name "Truverra Inc." as a wholly-owned subsidiary of the company. Consideration for the transaction, which was previously announced by Supreme Cannabis on July 17, 2019, consisted of the issuance of approximately 14.7 million common…

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WednesdayAug 14, 2019 9:57 am

CannabisNewsBreaks – Canopy Rivers Inc. (TSX.V: RIV) (OTC: CNPOF) to Release Q1 Fiscal Year 2020 Financial Results and Host Earnings Call

Canopy Rivers (TSX.V: RIV) (OTC: CNPOF) on Tuesday announced its plans to report first quarter fiscal year 2020 financial results before markets open on Tuesday, August 27, 2019. According to the update, Canopy Rivers will host a conference call and audio webcast following release of its results. The company’s president and CEO Narbe Alexandrian and CFO Eddie Lucarelli will lead the call, slated to be held at 10:00 AM ET on August 27, 2019. Interested parties may register for and join the live audio webcast at http://cnw.fm/bn3YI and join the call by dialing (888)-390-0546. A replay of the call will…

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TuesdayAug 13, 2019 2:59 pm

CannabisNewsBreaks – Organigram Holdings Inc. (TSX.V: OGI) (NASDAQ: OGI) Develops Technology to Provide Rapid-Onset of Cannabinoid Effects

Organigram Holdings (TSX.V: OGI) (NASDAQ: OGI), the parent company of Organigram Inc., a leading licensed producer of cannabis, has developed a unique, proprietary nano-emulsification technology that is anticipated to deliver an initial onset of effects within 10 to 15 minutes for cannabis beverages (http://cnw.fm/Zg8sD). A recent article discussing the company reads, “Organigram focuses on high-quality, indoor-grown cannabis for both medical patients and adult-recreational users. Its proprietary technology allows for the development of products with a quick onset of the cannabinoid effect within 10 to 15 minutes. To determine the onset of the products, Organigram studied cannabinoid particles at a size…

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TuesdayAug 13, 2019 2:20 pm

CannabisNewsBreaks – SinglePoint Inc. (SING) Advancing Cannabis Initiatives

Technology and investment company SinglePoint (OTCQB: SING) engages in the acquisition of small to mid-sized firms, with a focus on new technologies. Through its SingleSeed subsidiary, the company provides products and services to the cannabis industry. An article discussing the company reads, “Moreover, by way of SingleSeed, one of its wholly owned subsidiaries, SinglePoint is providing products and services to the cannabis sector. SinglePoint is also looking to advance its cannabis initiatives in other ways. ‘Industrial-derived hemp has created a wave of new products and opportunities in which SinglePoint has been able to drive additional revenue and profit,’ SinglePoint President…

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TuesdayAug 13, 2019 1:34 pm

CannabisNewsBreaks – Sugarmade Inc. (SGMD) Prepares First Closing of BZRTH Acquisition; CEO to Call Special Shareholder Meeting

Sugarmade (OTCQB: SGMD), one of the largest publicly traded hydroponics supply companies moving into the industrial hemp space, today announced that it is now prepared to complete the first closing of its BZRTH, LLC acquisition. As a major supplier to the hydroponic and hemp cultivation sectors, BZRTH produces more than $30 million in annual revenues. In addition, the company is in the process of organizing a special meeting of shareholders to elect new directors, including at least two independent directors with no “material relationship” to the company. “It is an exciting time for Sugarmade, especially as the California licensing and…

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