CannabisNewsBreaks Archive - Page 239 of 429

TuesdayMay 21, 2019 1:11 pm

CannabisNewsBreaks – TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) Executes LOI to Acquire Premier Indoor Cultivator Business and Assets

TransCanna Holdings (CSE: TCAN) (FSE: TH8) this morning announced its execution of a non-binding letter of intent ("LOI"), dated May 17, 2019, with Lyfted Farms, Inc. of Modesto, California. Under the agreement, TransCanna will acquire the business and assets of Lyfted, a state licensed producer of high quality indoor grown cannabis with three permanent state licenses for cultivation (nursery and grow) and distribution. “Being a premier cultivator, we thrive on new, cutting edge processes to generate superior results,” Lyfted Farms President Bob Blink stated in the news release. “We're extremely excited about joining forces with the team at TransCanna.” To…

TuesdayMay 21, 2019 11:44 am

CannabisNewsBreaks – Marijuana Company of America Inc. (MCOA) Reports Q1 2019 Financial Results, 504% YOY Revenue Increase

Innovative hemp and cannabis corporation Marijuana Company of America (OTCQB: MCOA) this morning announced its financial results for the first quarter ended March 31, 2019. According to the update, total revenues for the quarter were $114,810 compared to $19,010 for the same period last year, representing a 504% increase. “Our first quarter results demonstrate our focus on laying the foundation and investments to establish our presence in the high-growth cannabis, hemp and CBD markets,” MCOA CEO Don Steinberg said in the news release. “During the quarter, we successfully prelaunched our hempSMART line of products in the United Kingdom and promoted…

TuesdayMay 21, 2019 11:38 am

CannabisNewsBreaks – SinglePoint, Inc. (SING) to Acquire ProActive Nutra; President Featured on Investor Ideas Potcast

Technology and investment company SinglePoint (OTCQB: SING) today announced a letter of intent to acquire ProActive Nutra, a GMP, FDA compliant CBD, mushroom and herbal cleanser manufacturing company. According to the update, the company operates in a GMP-compliant facility and currently manufactures over 30 products for the ProActive Nutra brand and many others as a private labeled finished product. “This is an exciting opportunity for SinglePoint. We have been fulfilling CBD products and formulations for customers already, and to bring that process in-house through this acquisition while increasing our revenue as well is a win-win for SinglePoint,” SING CEO Greg…

TuesdayMay 21, 2019 10:40 am

CannabisNewsBreaks – Choom Holdings Inc. (CSE: CHOO) (OTCQB: CHOOF) Announces SMP’s Receipt of Cultivation License on Sooke Expansion Facility

British Columbia-based fully-integrated cannabis company Choom Holdings (CSE: CHOO) (OTCQB: CHOOF) this morning announced that Specialty Medijuana Products Inc. ("SMP"), of which Choom Holdings is a 9.8 percent equity stakeholder, has received a Health Canada cultivation license on an additional and contiguous site in Sooke, B.C. According to the update, the license was issued and effective on May 17, 2019. “As a stakeholder in SMP, we are thrilled to see SMP receive an additional license from Health Canada,” Choom President and CEO Chris Bogart said in the news release. “As a cannabis retailer, we cannot be more excited to have…

TuesdayMay 21, 2019 10:23 am

CannabisNewsBreaks – Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) and Nuka to Expand Cannabis Product Operations for DehydraTECH Powered Edibles

Biotechnology company and drug delivery platform innovator Lexaria Bioscience (CSE: LXX) (OTCQX: LXRP) this morning announced that, through a major expansion in operations by Nuka Enterprises LLC, maker of 1906 cannabis edibles for high functioning adults, the most reliable fast acting edibles on the market will now be available across the country. According to the update, Nuka plans to exercise contractual options that it acquired last year for use of DehydraTECH(TM) technology through expanding operations for cannabis chocolates and edibles in six additional states and cannabis beverages in three states in 2019 and 2020. “Nuka's astonishing growth since launch is…

TuesdayMay 21, 2019 9:30 am

CannabisNewsBreaks – VPR Brands LP (VPRB) Releases Q1 2019 Financial Results

Innovative technology holding company VPR Brands LP (OTC: VPRB) on Monday announced its first quarter 2019 financial results. According to the update, VPR Brands increased its quarterly revenues approximately 31% year over year to $1.3 million, slightly lowered its net loss from approximately $149,000 in 2018 to approximately $138,000 in 2019 and continues to maintain above 40% gross operating margins. “2019 is off to a solid start so far and we are setting the company's pace which will allow us to remain focused on sustainable manageable growth,” VPR Brands CEO Kevin Frija said in the news release. “We continue to…

TuesdayMay 21, 2019 9:21 am

CannabisNewsBreaks – Nabis Holdings (CSE: NAB) (OTC: INNPF) (FRA: 71P) to Participate in Panel Discussion at KCSA’s Inaugural Congressional Cannabis Day Forum

Innovative Properties Inc. d/b/a Nabis Holdings (CSE:NAB) (OTC: INNPF) (FRA: 71P), a leading Canadian investment company with specialty investments in assets across multiple divisions of the cannabis sector, this morning announced Jade Green, Special Advisor to Nabis, will participate in KCSA Strategic Communications’ Inaugural Congressional Cannabis Day Forum. The forum will be taking place in Washington, DC at the United States Capitol building on Tuesday, May 21, 2019. At 10 AM ET, Green will speak on a panel discussing the vast impact the Farm Bill has had on federal food and agricultural policy. “We are thrilled to be joining the…

MondayMay 20, 2019 3:21 pm

CannabisNewsBreaks – Wildflower Brands Inc. (CSE: SUN) (OTCQB: WLDFF) Named in mindbodygreen’s List of CBD-Infused Self-Care Products

Wildflower Brands (CSE: SUN) (OTCQB: WLDFF), a Vancouver-based company with emphasis on plant-based health and wellness products, is featured on MindBodyGreen in ‘14 CBD-Infused Beauty & Self-Care Products That Should Already Be In Your Home’. The author of the article, Gretchen Lidicker, considers Wildflowers' Cool Stick a 'game-changer' in alleviating tight muscles. CBD is a potent antioxidant and anti-inflammatory compound that natural beauty and skin care lines are jumping at the opportunity to add. To view the full article, visit http://cnw.fm/VW2vl About Wildflower Brands Wildflower Brands is a Vancouver-based company developing and designing brands that focus on plant-based health and…

MondayMay 20, 2019 10:35 am

CannabisNewsBreaks – Global Payout Inc. (GOHE) Develops New Revenue Source in Highly Lucrative CBD Market

Global Payout Inc. (OTC: GOHE) today announced its development of a new, second revenue source derived from the multi-billion-dollar CBD industry. The new source stems from a recently executed Independent Sales Organization ("ISO") agreement entered by the company and its technology partner, GreenBox POS (OTC: GRBX). According to the update, Global Payout will receive revenue directly under the new agreement in addition to revenue it already receives from its wholly owned subsidiary, MTrac Tech Corporation. “We have had our eye on this market for some time and are elated to have this opportunity to establish an entirely new revenue source…

MondayMay 20, 2019 10:04 am

CannabisNewsBreaks – Golden Developing Solutions Inc. (DVLP) Acquires New CBD Production Facility, Anticipates Explosive Growth

Emerging leader in the cannabis, hemp and cannabidiol (CBD) marketplace Golden Developing Solutions Inc. (OTC: DVLP) this morning announced its finalization of a lease for a new 25,000-square-foot production facility located in Denver, Colorado. According to the update, the facility will act as the primary production base for DVLP’s wholly owned subsidiary, Infusionz LLC, a premium manufacturer of high-quality CBD products. "This new location represents a powerful catalyst for accelerated growth potential," DVLP CEO Stavros Triant said in the news release. "Our CBD Infusionz segment is bursting at the seams right now. Demand already vastly out-strips supply capacity. This new…

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