CannabisNewsBreaks

WednesdayJun 12, 2019 9:59 am

CannabisNewsBreaks – IONIC Brands Corp. (CSE: IONC) (OTC: ZRRRF) Completes Acquisition of Vegas Valley Growers North

National cannabis holding company IONIC Brands (CSE: IONC) (OTC: ZRRRF), formerly Zara Resources Inc., this morning announced the completion of the acquisition of Vegas Valley Growers North (“VVG”). The total purchase price of the acquisition is $8,870,000, comprised of a cash payment of $7,620,000 and 2,814,180 common shares of the company, subject to approval by the Board of Directors and the CSE. Located in Las Vegas, Nevada, VVG is a vertically integrated, cash flow positive opportunity with a projected 2019 revenue of $6.6 million, expected gross profits of $3.1 million and EBITDA of $2.0 million. The acquisition of VVG includes…

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TuesdayJun 11, 2019 2:41 pm

CannabisNewsBreaks – Earth Science Tech Inc. (ETST) Expands Product Placement, Market Share through Strategic Partnerships

Earth Science Tech (OTCQB: ETST), a Florida-based biotech company, has positioned itself for success through its focus on strategic partnerships and becoming an international leader in the CBD sector. A recent article discussing the company reads, “Strategic partnerships are key to ETST’s success. In February 2019, the company announced (http://cnw.fm/9jbGA) its entry into agreements with CannaBiz and Dessert Sun Distribution to provide high-grade, full-spectrum products to pharmacies, chiropractors, dispensaries, athletic clubs and clinics throughout the United States. The company has also created a way for other marketers to rebrand ETST’s full-spectrum cannabinoids line following countless white-labeling inquiries. By fulfilling these inquiries,…

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TuesdayJun 11, 2019 9:35 am

CannabisNewsBreaks – Wildflower Brands Inc.’s (CSE: SUN) (OTCQB: WLDFF) CBD+ Wellness Collection Now Available on FreePeople.com

Wildflower Brands (CSE: SUN) (OTCQB: WLDFF) this morning announced that Free People, a bohemian lifestyle and fashion brand, is now offering the company’s CBD-infused botanical wellness products for purchase online. Free People is part of a portfolio of global consumer brands called “URBN” which also includes Urban Outfitters, Anthropologie, BHLDN, Terrain and the Vetri Family. The Wildflower CBD+ Cool Stick, Wildflower CBD+ Healing Stick, Wildflower CBD+ Vanilla Soap and Wildflower CBD+ Lavender Soap are now available under the Beauty & Wellness Collection on FreePeople.com. To view the full press release, visit http://cnw.fm/xVW4I About Wildflower Brands Wildflower Brands is a Vancouver-based…

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MondayJun 10, 2019 3:25 pm

CannabisNewsBreaks – Why Organigram Holdings Inc. (TSX.V: OGI) (NASDAQ: OGI) Is ‘One to Watch’

Organigram Holdings (TSX.V: OGI) (NASDAQ: OGI) is the parent company of Organigram Inc., a leading Canadian licensed producer (“LP”) of high-quality cannabis and cannabis-derived products. A recent article discussing the company reads, “Located in Moncton, New Brunswick, Organigram’s production facility and research & development program includes a state-of-the-art, indoor, three-tier cultivation system, which maximizes facility square footage. Its Phase 4 expansion project is expected to be completed by the end of 2019 for increased target production capacity of 113,000 kg/year (249,000 lbs.). As the company expands its cultivation and processing capacities, Organigram is able to file amendments to the existing…

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MondayJun 10, 2019 3:04 pm

CannabisNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQB: PLPRF) Employs Industry Experts to Deliver Appetizing Edibles

California-based Plus Products (CSE: PLUS) (OTCQB: PLPRF) produces edibles using extracts to deliver a compliant, dosable and appetizing cannabis experience while maintaining consistency. A recent article discussing the company reads, “Experts in numerous fields work together to create the company’s unique edibles. The PLUS team consists of chefs, chemists, food-manufacturing experts, engineers, machinists, visionaries, creatives, strategists and others. . . . The company’s product portfolio includes Refresh pink lemonade-flavored gummies that are precisely dosed with 3.5mg of THC (tetrahydrocannabinol) and 1.5mg of CBD. Its products also include Restore blackberry & lemon gummies, precisely dosed at 4.5mg of THC and 0.5mg…

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MondayJun 10, 2019 11:34 am

CannabisNewsBreaks – Green Hygienics Holdings Inc. (GRYN) Secures Multiyear Hemp Purchase Order from U.S. Tobacco De México

Full-scope, science-driven, premium cannabis cultivation and branding enterprise Green Hygienics Holdings (OTCQB: GRYN) today announced that it has secured a multiyear purchase order for the sale of hemp to U.S. Tobacco De Mexico, an industry leader with currently over 20 different brands of CBD hemp cigarettes. According to the update, the company will deliver in total $56.4 million worth of hemp flower to US Tobacco De Mexico for use in the production of CBD hemp cigarettes over the next five years. “U.S. Tobacco De Mexico has an excellent management team and has built capabilities necessary to compete globally, and we…

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MondayJun 10, 2019 10:35 am

CannabisNewsBreaks – Chemistree Technology Inc. (CSE: CHM) (OTCQB: CHMJF) Partner ACS to File NJ Application Under New DOH Program

Chemistree Technology (CSE: CHM) (OTCQB: CHMJF) this morning announced that its partner, Applied Cannabis Sciences of New Jersey ("ACS"), is preparing an application under the Department of Health’s new Request for Applications (“RFA”) program. According to the update, the Department will seek up to 24 cultivation, 30 manufacturing and 54 dispensary endorsements. ACS will apply for all three permit types, as allowable, creating a vertically integrated business model. “When we entered discussions to participate with ACS, we were particularly impressed by the team of industry experts they had assembled, and their deep local knowledge of the dynamic, developing New Jersey…

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MondayJun 10, 2019 10:24 am

CannabisNewsBreaks – Wildflower Brands Inc. (CSE: SUN) (OTCQB: WLDFF) Expanding Production to Meet Increasing Demand

Wildflower Brands (CSE: SUN) (OTCQB: WLDFF) this morning announced that new production facilities are in the process of being built in an effort to meet increasing demand. Wildflower products are available across the U.S. in over 300 stores nationwide, and have recently been picked up by several national retail chains. Per the update, Wildflower has added a second shift at its existing production facility, but capacity is at 90% and the new facility is critical to the company’s growth strategy. “We are excited to get our new production facility up and running in order to meet the demand,” Wildflower CEO…

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MondayJun 10, 2019 9:35 am

CannabisNewsBreaks – Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) to Open Over 70 Prime Locations at Brookfield Properties’ Shopping Centers

Lifestyle-oriented cannabis company Green Growth Brands (CSE: GGB) (OTCQB: GGBXF) today announced an arrangement to open over 70 prime shop locations with potential for more at Brookfield Properties' shopping centers throughout the United States. According to the update, the plans will further expand the company’s physical footprint to approximately 280 total locations by the end of 2019. “Brookfield Properties operates some of the most exciting and visited malls in the country, and we are thrilled to introduce our CBD shops to their centers,” Green Growth Brands CEO Peter Horvath said in the news release. “We know that consumers prefer to…

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MondayJun 10, 2019 9:30 am

CannabisNewsBreaks – Youngevity International Inc. (NASDAQ: YGYI) to Join Russell 3000 Index

Youngevity International Inc. (NASDAQ: YGYI), a leading multi-channel lifestyle company, this morning announced that it is set to join the broad-market Russell 3000 Index at the conclusion of the 2019 Russell indexes annual reconstitution, effective after the U.S. market opens on July 1, according to a preliminary list of additions posted June 7. Per the update, annual Russell indexes reconstitution captures the 4,000 largest U.S. stocks as of May 10, ranking them by total market capitalization. “We are pleased to be added to the Russell 3000 Index and the other appropriate indexes that will come as a result of our…

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