CannabisNewsBreaks

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…

Continue Reading

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…

Continue Reading

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…

Continue Reading

TuesdayAug 13, 2019 12:38 pm

CannabisNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) Expanding Consumer Base through Microdosing Movement

Plus Products (CSE: PLUS) (OTCQX: PLPRF) is exploring and exploiting new opportunities to increase its reach within the cannabis industry. An article discussing the company reads, “Plus Products is continually looking toward new opportunities to expand its consumer base. This attention to rising opportunities is evident in a recent launch of a new product line that provides consumers with microdosing options (http://cnw.fm/E8nQm). The company’s commitment to quality and consistency builds trust with consumers who know what to expect from every PLUS gummy and mint. . . . The new microdosing mints provide consumers with the same exceptional culinary commitment, unique…

Continue Reading

TuesdayAug 13, 2019 9:50 am

CannabisNewsBreaks – Lexaria Bioscience Corp. (CSE: LXX) (OTC: LXRP) Subsidiary Receives Health Canada Cannabis R&D License

Biotechnology company and drug delivery platform innovator Lexaria Bioscience Corp. (CSE: LXX) (OTC: LXRP) today announced that Health Canada has issued cannabis Research and Development (“R&D”) license LIC-7NONT76UNW-2019 to its subsidiary, Lexaria CanPharm ULC. According to the update, the license, which carries a four-year term unless renewed, is effective immediately and will allow one of the country’s newest and most advanced formulation laboratories to conduct extensive investigatory work in THC and CBD delivery using optimized, proprietary formulations and techniques. The purpose-built laboratory is permitted at local and federal levels and fully outfitted to produce DehydraTECH(TM) infusions and includes two different…

Continue Reading

TuesdayAug 13, 2019 9:30 am

CannabisNewsBreaks – Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Expects Positive Q4 Results, Provides Guidance for Fiscal 2020

Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) this morning announced its projected revenue for the fiscal fourth quarter ended June 30, 2019 and provided guidance for fiscal 2020. Per the update, the company anticipates net revenue of about $19 million and positive adjusted EBITDA for the fourth quarter 2019. Supreme Cannabis also expects sustained revenue growth during 2020 as its wholly owned subsidiary 7ACRES scales production, new and higher-margin products are introduced, and additional brands start producing material revenue. The company plans to release audited fourth quarter and annual results on September 17, 2019. “Our company has taken…

Continue Reading

MondayAug 12, 2019 1:15 pm

CannabisNewsBreaks – Wildflower Brands Inc.’s (CSE: SUN) (OTCQB: WLDFF) City Cannabis Opens Two New Premier Cannabis Retail Locations in Cultured BC Market

Wildflower Brands Inc. (CSE: SUN) (OTCQB: WLDFF) this morning announced that British Columbia’s Liquor and Cannabis Regulation Branch has issued a Cannabis Retail Store license to City Cannabis Co’s 2317 Cambie Street location and its Comox Valley location on Vancouver Island. Wildflower recently acquired City Cannabis Co, which, with its third and fourth locations in the province, is at the forefront of the BC retail cannabis market. “City Cannabis Co’s experience and history of operations for over five years in the most cultured cannabis market in the world has allowed them to accumulate priceless data that has been used to…

Continue Reading

MondayAug 12, 2019 12:34 pm

CannabisNewsBreaks – Nabis Holdings Inc. (CSE: NAB) (OTC: NABIF) (FRA: 71P) Enters Definitive Agreement to Acquire Vertically Integrated Assets in Arizona

Nabis Holdings (CSE: NAB) (OTC: NABIF) (FRA: 71P), a leading Canadian investment company with specialty investments in assets across multiple divisions of the cannabis sector, today announced its entry into a definitive agreement for the acquisition of 100 percent of the membership units of a licensed medical marijuana business in the state of Arizona (“The Asset”). The Asset, according to the update, is licensed under the provisions of the Arizona Medical Marijuana Act and operates a dispensary in Phoenix, which has been operational since 2015 with proprietary branded products and wholesale operations, including an established distribution network serving more than…

Continue Reading

MondayAug 12, 2019 12:00 pm

CannabisNewsBreaks – Youngevity International Inc.’s (NASDAQ: YGYI) CLR Roasters Awarded Supply Partnership with Hialeah, Florida’s Municipal Services

Youngevity International (NASDAQ: YGYI), a leading multi-channel lifestyle company operating in three distinct business segments, this morning announced that its CLR Roasters was awarded a supply partnership with the city of Hialeah's municipal services. According to the update, the Florida city has a population of almost 240,000 and is serviced by more than 30 local government establishments. The partnership includes all government departments located at the City of Hialeah's Palm Avenue offices, including the Mayor's office and the License and Tax, Finance, HR, and Purchasing Departments. In addition, CLR's branded coffees will be served at the Parks and Recreation Department,…

Continue Reading

MondayAug 12, 2019 10:17 am

CannabisNewsBreaks – Canopy Rivers Inc. (TSX.V: RIV) (OTC: CNPOF) Announces Receipt of Conditional Approval to Graduate to the Toronto Stock Exchange

Canopy Rivers Inc. (TSX.V: RIV) (OTC: CNPOF) this morning announced its receipt of conditional approval from the Toronto Stock Exchange ("TSX") to graduate from the TSX Venture Exchange (the "TSXV") and list its class A subordinated voting shares on the TSX. According to the update, final approval is subject to Canopy Rivers meeting certain standard and customary conditions required by the TSX. Upon receipt of final approval, Canopy Rivers will voluntarily delist its subordinated voting shares from the TSXV and commence trading under the ticker symbol "RIV” on the TSX. "This represents another important milestone for Canopy Rivers and demonstrates…

Continue Reading