CannabisNewsBreaks

TuesdayJul 30, 2019 9:41 am

CannabisNewsBreaks – Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) Posts Updated Terms to Spring Oaks Acquisition

Green Growth Brands (CSE: GGB) (OTCQB: GGBXF), a lifestyle-oriented cannabis company, on Monday announced an amendment to the share purchase agreement dated June 3, 2019 with Spring Oaks Greenhouses, Inc. Per the amended agreement, GGBXF will acquire all of the issued and outstanding shares of capital stock of Spring Oaks. According to the amendment, the purchase price of $54,650,000 will be comprised of a previously paid deposit of $1,350,000; a cash payment of $2,000,000 at closing, subject to certain adjustments acknowledged in the agreement; a cash payment of $3,000,000 due on August 31, 2019; the issuance of 7,133,297 common shares…

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MondayJul 29, 2019 3:10 pm

CannabisNewsBreaks – Organigram Holdings Inc. (TSX.V: OGI) (NASDAQ: OGI) Increases Licensed Production Capacity

Organigram Holdings (TSX.V: OGI) (NASDAQ: OGI), parent company of Organigram Inc., a leading licensed producer of cannabis, recently obtained approval from Health Canada for the licensing of all of the company’s Phase 4A buildout plans, increasing its total licensed production capacity to 61,000 kg. per year (http://cnw.fm/A9xoX). An article discussing the company reads, “Once fully licensed and operational, the full Phase 4 expansion is expected to bring the company’s annualized target production capacity to approximately 113,000 kg. of dried-flower equivalents. . . . ‘Organigram’s continued expansion reflects ongoing growth in the cannabis marketplace, including increasing demand as new retail stores…

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MondayJul 29, 2019 3:00 pm

CannabisNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) Gains Approval for Listing of Debentures, Warrants on the CSE

Plus Products (CSE: PLUS) (OTCQX: PLPRF) recently announced the listing of its debentures and warrants from its brokered private placement on the Canadian Securities Exchange under ticker symbols ‘PLUS.DB’ and ‘PLUS.WT’ on July 2, 2019 (http://cnw.fm/nL9u3). An article discussing the company reads, “The warrants and debentures were part of a private placement that raised CA$25 million, with the funds to be used for working capital and other general corporate purposes. . . . The private placement of unsecured convertible note units closed on February 28 (http://cnw.fm/0YuX3). The brokered private placement of 25,000 units of the company at a price of CA$1,000 per…

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MondayJul 29, 2019 9:59 am

CannabisNewsBreaks – Geyser Brands Inc. (TSX.V: GYSR) Releases Post-RTO Financial Results for the 8-months ended March 31, 2019

Geyser Brands (TSX.V: GYSR) this morning announced its post-RTO audited financial statements ("Annual Financial Statement") for the 8-months ended March 31, 2019, as well as accompanying management discussion and analysis. According to the update, the Annual Financial Statement represents Geyser’s transitional fiscal year following its RTO and change in the fiscal year end, which is further described in the Notice of Change in Corporate Structure filed on the company's SEDAR profile. “We are pleased with our progress in the first 8 months since completing the RTO.  Our subsidiary, 0957203 B.C. Ltd. dba Apothecary Botanicals, through its strong management, has been…

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MondayJul 29, 2019 9:28 am

CannabisNewsBreaks – Grapefruit Boulevard Investments Inc. (IGNG) Files Registration Statement with the SEC

California-based Grapefruit Boulevard Investments, a wholly owned subsidiary of Imaging3 (OTCQB: IGNG), this morning announced that on July 26, 2019, it filed a registration statement with the SEC on Form S-1 to register shares of the company’s common stock underlying the $600,000.00 convertible note recently issued to an institutional investor, as well as other securities to be issued to the investor. Now that the registration statement has been filed, the investor is required to fund the second tranche of $1,400,000 in accordance with the terms of the securities purchase agreement. Grapefruit anticipates the second tranche will be funded this week.…

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FridayJul 26, 2019 3:12 pm

CannabisNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Upholds Commitment to Quality amid CBD Shortage

The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF), a cannabis-focused research and development company, remains dedicated to maintaining its high standards in the midst of a growing cannabis supply gap. An article discussing the company reads, “TGOD is one of three organic cannabis growers in Canada. No synthetic pesticides or fertilizers are used in the company’s growing process. The company is also dedicated to creating a smaller environmental footprint by using less water and energy, low-cost power solutions and smarter efficient packaging. By growing organically and at low costs, TGOD’s final product demands a premium in the market, thereby…

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FridayJul 26, 2019 2:29 pm

CannabisNewsBreaks – Why Grapefruit Boulevard Investments Inc. (IGNG) Is ‘One to Watch’

California-based Grapefruit Boulevard Investments, a wholly owned subsidiary of Imaging3 (OTCQB: IGNG), holds licenses initially issued by the state of California in January 2018 to manufacture and distribute cannabis products. A recent article discussing the company reads, “Grapefruit owns and operates its fully licensed and compliant ethanol extraction laboratory located in the Coachillin’ Industrial Cultivation and Ancillary Canna-Business Park in Desert Hot Springs, California. The company’s extraction lab produces high-quality, cannabis-derived distillate, also known as honey oil, from cannabis flower and “trim.” THC honey oil is one of the base cannabis commodities that serves as the active ingredient in everything…

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FridayJul 26, 2019 1:44 pm

CannabisNewsBreaks – Earth Science Tech Inc. (ETST) Attributes Increases in Distribution, Demand for Upsurge in Revenues

Earth Science Tech (OTCQB: ETST), a Florida-based biotechnology company, recently reported a 66.4% increase in revenue during the 12 months ended March 31 compared to the same period of the previous year (http://cnw.fm/8cRDp). An article discussing the company reads, “In an annual report, filed with the SEC in July 2019, the company cited expanded distribution, increased customer awareness and rising demand for its branded, high-grade, full-spectrum cannabinoid products as factors driving the impressive performance. By cutting expenses from rising costs as product sales rose, ETST was able to maintain a 38.2% gross margin, the report noted, in addition to seeing a…

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FridayJul 26, 2019 1:34 pm

CannabisNewsBreaks – Golden Developing Solutions Inc. (DVLP) Implements Vertical Integration Approach

Golden Developing Solutions (OTC: DVLP), an emerging leader in the cannabis, hemp and cannabidiol (“CBD”) marketplace, recently announced the completion of phase one of its strategic vertical integration (http://cnw.fm/vBr5G). An article discussing DVLP’s recent move reads, “DVLP CEO Stavros Triant stated that all brands under DVLP will function in collaboration with each other, realizing the potential of every department to its fullest. . . . ‘We’re in a pivotal period of growth in which every department, no matter its specialty, is working at its highest and best use to more effortlessly sustain our success,’ Triant said in a news release. ‘No longer…

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FridayJul 26, 2019 10:59 am

CannabisNewsBreaks – SinglePoint, Inc. (SING) CEO Discusses Acquisition Sales Success, CBD Business and Merchant Services Progress on MoneyTV with Donald Baillargeon

Technology and investment company SinglePoint (OTCQB: SING) was featured on this week’s episode of MoneyTV with Donald Baillargeon. The internationally-syndicated program covers money-focused topics, featuring various companies and in-depth CEO and executive interviews that offer insights into operations and future outlooks. On this week’s program, SinglePoint CEO Greg Lambrecht provided updates on the company’s acquisition sales success, as well as its CBD business and merchant services progress. To view the full press release, visit http://cnw.fm/N31jS About SinglePoint, Inc. SinglePoint, Inc. is a technology and investment company with a focus on acquiring companies that will benefit from the injection of growth…

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