CannabisNewsBreaks

MondayJun 10, 2019 9:24 am

CannabisNewsBreaks – Marijuana Company of America Inc. (MCOA) Portfolio Company Inks LOI to Form Magnolia Extracts LLC, Substantially Build Out Cannabis Facility

Marijuana Company of America (OTCQB: MCOA), an innovative hemp and cannabis corporation, today announced that Northern Lights Distribution LLC (“NLD”) has signed a Letter of Intent (“LOI”) with Alpha Private Equity & Capital LLC to form a joint venture (“JV”) called Magnolia Extracts LLC for large-scale expansion operations to start distribution, delivery and manufacturing of its cannabis products in the city of Lynwood, California. In April 2019, MCOA announced that it has secured a 20% ownership interest and signed a joint venture agreement with Natural Plant Extract of California (“NPE”) to establish a premier cannabis delivery company called Viva Buds.…

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FridayJun 07, 2019 2:53 pm

CannabisNewsBreaks – IONIC Brands Corp. (CSE: IONC) (OTC: ZRRRF) Increasing Market Reach of First-Class Cannabis Brands

National cannabis holding company IONIC Brands (CSE: IONC) (OTC: ZRRRF), formerly Zara Resources Inc., is creating a multistate portfolio of award-winning premium and luxury cannabis brands. A recent article further discussing the company reads, “The cornerstone brand of the company’s portfolio, IONIC, is recognized as the top vaporizer brand in Washington state and is currently available at dispensaries in Washington, Oregon, Nevada and California. The company recently signed a definitive agreement to acquire Natural Extractions Inc., also known as Zoots Premium Cannabis Infused Edibles, which is based in Washington state (http://cnw.fm/1yQA3). Zoots has developed consumer-proven formulas that will be preserved by…

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FridayJun 07, 2019 2:44 pm

CannabisNewsBreaks – Geyser Brands Inc. (TSX.V: GYSR) Expands Production Facility

Vancouver-based Geyser Brands’ (TSX.V: GYSR) licensed producer (“LP”), Apothecary Botanicals, recently secured license amendment approval from Health Canada to update its 7,000-square-foot facility located in Port Coquitlam, British Columbia. An article discussing Geyser reads, “This expansion, anticipated to be complete by the end of June 2019, would allow for research and development (R&D) and processing capabilities in anticipation of receiving its licensed amendments. GYSR’s R&D license is pending Health Canada’s approval of the LP facility, though the company’s facility was recently audited by Health Canada and found to be fully compliant. The company hopes to enhance its long-term success through…

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FridayJun 07, 2019 1:27 pm

CannabisNewsBreaks – Sugarmade Inc. (SGMD) Gains Traction in Industrial Hemp Sector

Sugarmade (OTCQB: SGMD), a major supplier to the growing hydroponic cultivation sector, entered into a supply contract with Hempistry Inc. in April, securing its spot in the newly legal industrial hemp sector (http://cnw.fm/oN32e). A recent article discussing Sugarmade reads, “‘With at least 42,000 acres of hemp expected to be planted in Kentucky and considering an average plant density per acre of well over 1,000, farmers in Kentucky will need hundreds of millions of clones over the coming years,’ Sugarmade CEO Jimmy Chan, who is also a Hempistry director, stated in the news release. ‘When these numbers are multiplied over the many…

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FridayJun 07, 2019 1:17 pm

CannabisNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Expands Cultivation Operations Following Health Canada Authorization

The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF), a cannabis-focused research and development company, recently received Health Canada approval to start cultivation work in a 20,000-square-foot Ontario facility (http://cnw.fm/q5Zvy). An article discussing the company reads, “The Ontario facility, which is part of a complex containing three buildings that will have a combined annual production capacity of 17,500 kilograms of cannabis once they are completed later this summer, will begin planting in the near future. The Green Organic Dutchman expects to produce about 200,000 kilograms (about 440,000 pounds) of cannabis every year when all of its operations reach full capacity, growing…

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FridayJun 07, 2019 11:57 am

CannabisNewsBreaks – Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Enters Strategic Partnership with PAX Labs

Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) this morning announced its entry into an agreement with Pax Labs, Inc. Under the agreement, Supreme Cannabis will become a foundational brand partner and supplier for the PAX Era in Canada, pending federal legalization of the vaporizable products. "Supreme Cannabis is excited to be partnering with PAX to provide consumers with the ultimate vaporizing experience. Together, we expect to deliver 7ACRES' multi-award winning flower extracted into oils exclusively for use in North America's best-selling premium vaporizer, the PAX Era," Supreme Cannabis CEO Navdeep Dhaliwal stated in the news release. "7ACRES has…

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FridayJun 07, 2019 11:12 am

CannabisNewsBreaks – Organigram Holdings Inc. (TSX.V: OGI) (NASDAQ: OGI) Selected as a Canadian Launch Partner of PAX Era

Organigram Holdings (TSX.V: OGI) (NASDAQ: OGI), a leading licensed producer of cannabis and extract-based products, today announced that it was selected as one of the four Canadian launch partners of PAX Era, the premium oil vaporizer created by PAX Labs, Inc. PAX Labs is a leading consumer technology brand in the design and development of premium vaporizers for dry flower, as well as concentrates when they become legal in Canada later this year. “Cannabis 2.0 – the next generation of legal, adult use cannabis products – represents a world of opportunity,” Organigram CEO Greg Engel said in the news release.…

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FridayJun 07, 2019 11:02 am

CannabisNewsBreaks – TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) Closes $10M Brokered Private Placement

TransCanna Holdings (CSE: TCAN) (FSE: TH8) today announced the close of its brokered private placement of 2,000,350 units which were sold at a price of CAD$5.00 each, resulting in total gross proceeds of CAD$10,001,750. Each unit sold comprised of one common share and one half of one common share purchase warrant. Warrant holders are entitled to acquire an additional share at a price of $6.00 for each full warrant until June 7, 2022. TransCanna paid a commission of 7% of the total gross proceeds through a payment of $700,122.50 in cash as well as a corporate finance fee of $150,000,…

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FridayJun 07, 2019 10:10 am

CannabisNewsBreaks – MjMicro Releases Presenter Schedule for June 25 NYC Investor Conference

MjMicro Conference, the next-level investor forum for publicly traded cannabis companies, this morning published the final presenter schedule for its upcoming investor conference at New York City’s Westin Grand Central on June 25, 2019. The one-day invitational networking forum connects private capital investors and attendees with cannabis-related public entities and industry experts. The morning of the event will showcase spotlight presentations before the general audience by Emerald Health Therapeutics, FSD Pharma, and Helix TCS. Following a hosted lunch, feature presentations will be provided by 1933 Industries, 48North Cannabis, CannAmerica Brands, Cannex Capital Holdings/4Front, Cardiol Therapeutics, Dixie Brands, EXMceuticals, Flurotech, High…

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ThursdayJun 06, 2019 3:08 pm

CannabisNewsBreaks – VPR Brands LP (VPRB) Reports Increased Revenues, Reduced Net Loss

Innovative technology holding company VPR Brands LP (OTC: VPRB) released the results of fiscal operations for first quarter 2019. Among other highlights, the company reported continually increasing revenues and a narrowing net loss. An article discussing the company reads, “VPRB’s revenues grew about 31% year over year to $1.3 million for the quarter, according to the report (http://cnw.fm/9zIkG), continuing the trend reported for the full year in 2018, when revenues grew nearly 28% to $4.6 million (http://cnw.fm/VV3lE), and indicating that the company has begun 2019 at a strong pace that could eclipse the prior year if it continues. . . .…

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