CannabisNewsBreaks

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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MondayMay 20, 2019 9:40 am

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

TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) this morning announced its entry into a non-binding letter of intent (“LOI”), dated May 17, 2019, to acquire the business and assets of Lyfted Farms Inc. Based in Modesto, California, Lyfted Farms is a state licensed producer of high quality indoor grown cannabis and owns three permanent state licenses for cultivation (nursery), cultivation (grow) and distribution. “The Proposed Acquisition includes an exceptional brand, with a range of  high-end flower, growing revenues, fifty exotic and unique genetic strains and a team that’s been a staple in the Modesto valley with over two decades of…

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FridayMay 17, 2019 2:41 pm

CannabisNewsBreaks – MustGrow Biologics Corp. Developing Natural, Patented Biopesticide as Global Market Rises

MustGrow Biologics, an agricultural biotech company, is focused on developing and commercializing its natural biopesticide and biofertilizer. The patented biopesticide targets the fruit, vegetable, turf, ornamental and cannabis industries. A recent article discussing the company reads, “The biopesticides market is projected to grow at a compound annual growth rate of 15.99% from 2018 to 2023, according to a new report issued by ResearchAndMarkets (http://cnw.fm/nq3TK). Growth of the biopesticides market is driven by advancements in integrated pest-management solutions and increasing adoption of organic farming techniques, the March 2019 report states. Rising concerns about the harmful effects of chemical pesticides on the environment…

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FridayMay 17, 2019 2:35 pm

CannabisNewsBreaks – Hemptown USA Utilizes Premium Seed Genetics to Produce First-Class Offerings

Hemptown USA, a proven grower of full-spectrum hemp biomass, works closely with processors to produce premier broad-spectrum cannabidiol (“CBD”) and cannabigerol (“CBG”) oils and pure isolates. An article further discussing the company reads, “Hemptown USA has exclusive rights to one million rare CBG seeds that are genetically programmed to yield 12–17% broad-spectrum, nonintoxicating cannabinoids. The company has a long-standing relationship with Oregon CBD Seeds, one of the world’s most respected cannabis-breeding enterprises. In conjunction with Oregon CBD Seeds and Hemptown USA’s product sciences team, Hemptown will aim to create custom, proprietary broad-spectrum CBD and CBG oils and pure isolates (http://cnw.fm/oS9nW).…

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FridayMay 17, 2019 2:29 pm

CannabisNewsBreaks – Green Hygienics Holdings Inc. (GRYN) Subsidiaries Secure Cultivation, Processing Licenses

Green Hygienics Holdings (OTCQB: GRYN) remains focused on its mission to deliver high-quality and premium-grade cannabis products. The company also aims to expand its portfolio of brands across the United States and then worldwide. An article discussing the company reads, “Green Hygienics recently announced that it has secured licenses for the cultivation and processing of hemp in the state of Michigan (http://cnw.fm/99sJH). These licenses were granted to its two wholly owned subsidiaries, Green Hygienics Michigan LLC and Coastal Labs Michigan LLC. The licenses were granted under the Michigan Department of Agricultural and Rural Development (“MDARD”) Industrial Hemp Ag-Pilot Program launched by…

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FridayMay 17, 2019 2:22 pm

CannabisNewsBreaks – Wildflower Brands Inc. (CSE: SUN) (OTCQB: WLDFF) Products Available for Purchase in LA Natural Beauty Boutique

Wildflower Brands (CSE: SUN) (OTCQB: WLDFF), a Vancouver-based company developing and designing brands with an emphasis on plant-based health and wellness products, was featured in an article in Vouge titled ‘The Hamptons’ Favorite Natural Beauty Boutique Lands in Los Angeles’ authored by Zoe Ruffner. According to the article, Wildflower’s CBD tinctures and vapes have earned a coveted position on the boutique’s shelves. The boutique reports that it has seen its customers "make a real transition into the world of cannabinoids", which can be partially attributed to the artistic style, taste and pain-relief delivered through WLDFF's products. To view the full…

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FridayMay 17, 2019 11:30 am

CannabisNewsBreaks – Cannabis Business Summit & Expo 2019 Anticipates Strong Showing of Industry’s Best and Brightest

The Cannabis Business Summit & Expo 2019, hosted by the National Cannabis Industry Association, is set to take place at the San Jose McEnery Convention Center in San Jose, California from July 22 to 24, 2019. For the sixth straight year, the nation’s most influential, award-winning cannabis conference and trade show anticipates a strong showing of upwards of 10,000 attendees, bringing together the industry’s best and brightest minds to provide insight and showcase the latest developments shaping the cannabis space. The can’t miss event is designed for industry innovators as well as those looking for an entry point to network…

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FridayMay 17, 2019 10:57 am

CannabisNewsBreaks – Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) Announces Acquisition of Second Nevada Cultivation Facility

Lifestyle-oriented cannabis company Green Growth Brands (CSE: GGB) (OTCQB: GGBXF) this morning announced the May 16, 2019 completion of its previously announced acquisition of a Pahrump, Nevada cultivation facility, operated by Wellness Orchards of Nevada LLC (“WON”) and Panorama WON LLC (“Panorama”) for a purchase price of $13,372,162 (CAD$16,749,970). Per the update, the acquisition expands GGB's Nevada cultivation footprint to two facilities and positions the company to supply its retail operations and enhance its current cannabis wholesale operations. To view the full press release, visit http://cnw.fm/7UCar About Green Growth Brands Green Growth Brands creates remarkable experiences in cannabis and CBD,…

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FridayMay 17, 2019 10:03 am

CannabisNewsBreaks – The Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF) Announces Q1 2019 Financial and Operational Results

Canadian cannabis cultivation firm The Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF) this morning announced its financial and operational results for the first quarter ended March 31, 2019. Among the highlights, the company reported propagation of an additional four grow rooms and confirmed that construction of the Kelowna 1 purpose-built, indoor cultivation facility is on track for completion in the third quarter of 2019. “Our team in Kelowna is doing a tremendous job balancing our construction schedule, propagating and harvesting from rooms as they come online, and refining our cultivation process as we dial in our facility,” Flowr CEO Vinay Tolia…

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ThursdayMay 16, 2019 2:57 pm

CannabisNewsBreaks – VPR Brands LP (VPRB) Realizes 28% YOY Revenue Increase

VPR Brands LP (OTC: VPRB), an innovative technology holding company, recently reported its 2018 full-year financial results, which included impressive year-over-year (“YOY”) revenue growth (http://cnw.fm/im4AD). An article discussing the company reads, “The company’s revenues for the 12 months ended December 31 topped $4.6 million, rising nearly 28 percent on the strength of new product sales during the year. As VPR Brands increased its full-year revenues, it reversed its operating loss into positive territory, crossing the $9,000 threshold. Gross operating margins for the year increased by almost 20% to a margin of 41 percent. . . . As product sales increased, the…

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