CannabisNewsBreaks

FridayMay 10, 2019 3:17 pm

CannabisNewsBreaks – Hemptown USA Anticipates Momentous Growing Capacity Expansion

Hemptown USA, a proven grower of full-spectrum hemp biomass, plans to substantially increase its growing capacity from 110 acres in 2018 to anywhere from 1,000 to 1,500 acres in 2019. Hemptown founder and chairman Rod Wolterman discussed the expansion in a recent CFN interview (http://cnw.fm/1dMr8). An article further discussing the company reads, “This announcement is in line with the Hemptown USA growth strategy. By 2020, the company expects to boost its hemp farming footprint to 2,500 acres located in several states. In addition, more emphasis will be placed on increasing the in-house CBD and CBG extraction capabilities. Through strategic partnerships, the company…

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FridayMay 10, 2019 2:37 pm

CannabisNewsBreaks – Sugarmade Inc. (SGMD) Plans Expansion to Meet Rising Need Amid Kentucky Hemp Boom

A major supplier to the growing hydroponic cultivation sector, Sugarmade (OTCQB: SGMD) is planning a significant expansion of its hemp-cultivation product supplies to assist hemp farmers in Kentucky who are struggling to meet the rising demand for their crop. A recent article discussing the legislation reads, “Jimmy Chan, CEO of SGMD, noted in a news release his belief that hundreds of millions of hemp clones will be needed in that state to keep pace (http://cnw.fm/EU8j1). . . . According to Chan, the hemp industry will require plant clones for cultivation to meet future demand. He cited farmers in Kentucky facing the challenge…

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FridayMay 10, 2019 1:48 pm

CannabisNewsBreaks – Geyser Brands Inc. (TSX.V: GYSR) Anticipates Massive Yield Increase for Third Harvest

Consumer healthcare company Geyser Brands (TSX.V: GYSR) recently announced its successful first test harvest and second harvest as a cannabis cultivator in accordance with Health Canada’s license to cultivate. The company anticipates a 200% yield increase over the first two harvests for its third harvest, which is currently in the ground. A recent article discussing the company reads, “Geyser Brands is a British Columbia-based company producing consumer health care products and brands through a formulation laboratory focused on enhancing the bioavailability and shelf stability of all-natural, hemp-derived cannabidiol (CBD) products. The company’s proprietary NanoFusion technology is at the heart of…

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FridayMay 10, 2019 12:47 pm

CannabisNewsBreaks – The Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF) Anticipates Upsurge in Production Capacity

Canadian-licensed producer the Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF) expects construction at its cultivation facility to be complete by the third quarter of 2019, rising its annual production capacity to 10,000 kilograms. An article discussing the company reads, “The Flowr cultivation facilities feature proprietary, patent-pending systems designed to consistently generate high crop yields. The 84,000-square-foot flagship Kelowna 1 facility is located on a seven-acre property in Kelowna, British Columbia. The facility is engineered to meet pharmaceutical industry production standards for cleanliness. . . . Currently, 10 of the Kelowna 1 grow rooms are licensed for use. Eight rooms are propagated…

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FridayMay 10, 2019 12:29 pm

CannabisNewsBreaks – Sproutly Canada Inc. (OTCQB: SRUTF) (CSE: SPR) (FRA: 38G) Employs Proprietary Technology to Launch Cannabis Beverage JV

Sproutly Canada (OTCQB: SRUTF) (CSE: SPR) (FRA: 38G) recently entered a joint venture (“JV”) with Moosehead Breweries to launch a cannabis-infused beverage line in Canada. An article discussing the partnership reads, “The joint venture’s product line will utilize Sproutly’s proprietary Infuz2O water-soluble cannabis formulation to create a truly natural cannabis beverage experience that serves as an alternative to alcoholic products. The Infuz2O technology is expected to grant the beverages a rapid onset and offset time similar to traditional flower cannabis, for an immediate, controllable and good-tasting recreational cannabis experience lasting up to 90 minutes. Traditional cannabis oils, on the other…

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FridayMay 10, 2019 9:39 am

CannabisNewsBreaks – VIVO Cannabis Inc. (TSX.V: VIVO) (OTCQX: VVCIF) Subsidiary Expands Cannabis Product Sales to Alberta

VIVO Cannabis (TSX.V: VIVO) (OTCQX: VVCIF), a leading provider of premium cannabis products and services for the medical and adult-use markets, this morning announced that its wholly-owned Canna Farms Limited subsidiary has successfully completed registration with Alberta Gaming, Liquor & Cannabis (“AGLC”) to supply the Province of Alberta with its premium cannabis products. Canna Farms is presently preparing its initial shipments for immediate delivery to AGLC. “We are very excited to bring our premium products to the Alberta consumer market, one of the strongest in Canada, and fill some of the current industry supply gaps while continuing to expand our…

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ThursdayMay 09, 2019 3:14 pm

CannabisNewsBreaks – Earth Science Tech Inc. (ETST) Expands Market Reach Through Distribution Agreements

Earth Science Tech (OTCQB: ETST) is increasing its reach by marketing its full-spectrum CBD products to a larger retail audience including large chains, health food stores and independent pharmacies. An article discussing the company reads, “Through agreements with CannaBiz and Desert Sun Distribution, ETST plans to broaden its sales of CBD products, including full-spectrum cannabinoid oil, to large chains, health food stores, pharmacies, chiropractors, dispensaries, health care practitioners, athletic clubs and clinics throughout the country (http://cnw.fm/ecS5s), and this move is only the beginning for the biotech company. ‘The distribution agreements with CannaBiz and Desert Sun Distribution, while important, are only a…

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ThursdayMay 09, 2019 3:04 pm

CannabisNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQB: PLPRF) Strengthens Executive Management Team

Leading California edibles manufacturer Plus Products (CSE: PLUS) (OTCQB: PLPRF) named Jon Paul as its new CFO in April, replacing Craig Heimark, who has been appointed to the role of the company’s chief strategy officer. Heimark will continue to serve as chairman, secretary and director of the company (http://cnw.fm/JiuG7). A recent article discussing the executive team update reads, “Paul has more than 30 years of experience in senior financial management. PLUS co-founder and company CEO Jake Heimark said in a news release that Paul brings with him invaluable knowledge of global financial strategy, robust systems and procedures and strategic planning in…

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ThursdayMay 09, 2019 12:50 pm

CannabisNewsBreaks – CannabisNewsWire Recaps O’Cannabiz 2019, A Cannabis Event Voted #1 by High! Canada Magazine

Multifaceted financial news and publishing company CannabisNewsWire (“CNW”) this morning recapped the O’Cannabiz 2019 conference and expo held at The International Centre in Toronto, Canada from April 25 through 27. Voted Canada’s No. 1 cannabis event by High! Canada Magazine, the conference drew more than 7,000 attendees and key players from the budding industry. “Attending O’Cannabiz was an incredible experience,” CNW Director of Communications Jonathan Keim said in the news release. “The conference space was doubled in size for this year’s event, covering 100,000 square feet, and the expo floor was fully sold out. This attests to the leading position…

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ThursdayMay 09, 2019 11:41 am

CannabisNewsBreaks – Canopy Rivers Inc.’s (TSX.V: RIV) (OTC: CNPOF) PharmHouse Enters Significant Supply, Offtake Agreement with Canopy Growth Corp. (TSX: WEED) (NYSE: CGC)

Canopy Rivers (TSX.V: RIV) (OTC: CNPOF) today announced that its 49 percent-owned portfolio company, PharmHouse Inc., has entered into a second offtake agreement with Canopy Growth Corporation (TSX: WEED) (NYSE: CGC) for the purchase of cannabis from its 1.3 million square foot greenhouse facility upon licensing. According to the update, the agreement commits an additional 20 percent of PharmHouse's flowering space, in addition to the 10 percent originally committed in May 2018, to Canopy Growth for the next three years. The agreement provides for the delivery to Canopy Growth a minimum of 25,000 kg and maximum of 45,000 kg of…

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