CannabisNewsBreaks Archive - Page 245 of 420

MondayApr 15, 2019 8:30 am

CannabisNewsBreaks – Organigram Holdings Inc. (TSX.V: OGI) (OTCQX: OGRMF) Posts Q2 Fiscal 2019 Financial, Operational Results

Organigram Holdings (TSX.V: OGI) (OTCQX: OGRMF), the parent company of Organigram Inc., this morning reported financial results for the second quarter ended February 28, 2019, which marks the first full quarter of adult-use recreational cannabis sales for the company. Among other highlights, the company reported a record net revenue of $26.9 million (less excise taxes) for the quarter, which represents more than double the net revenue for the previous quarter. The company also recapped operational achievements for the period, including its entrance into a letter of intent (“LOI”) with SQDC and its entrance into a multi-year extraction agreement with Valens…

FridayApr 12, 2019 3:09 pm

CannabisNewsBreaks – Marijuana Company of America Inc. (MCOA) Creating Farm-to-Consumer Vertical Collaboration Among Subsidiaries

Marijuana Company of America (OTCQB: MCOA), an innovative hemp and cannabis corporation, is advancing in its effort to develop farm-to-consumer vertical collaboration between its subsidiaries in the cannabis space. A recent article discussing the company reads, “This month, the company added a push into the tetrahydrocannabinol (THC) product space by announcing an LOI with Natural Plant Extract of California (‘NPE’) and its subsidiary, Northern Lights Distribution LLC, to establish a joint venture that would operate a California cannabis delivery service named Viva Buds. . . . ‘This partnership will enable MCOA to establish itself as a major player in the…

FridayApr 12, 2019 2:50 pm

CannabisNewsBreaks – Why VPR Brands LP (VPRB) Is ‘One to Watch’

VPR Brands LP (OTC: VPRB) is a Florida-based technology holding company that holds assets including patented atomization-related products and technology. A recent article discussing the company reads, “VPR Brands’ current lineup of products includes accessories and vaporizers for cannabidiol (CBD), cannabis concentrates and extracts. The company is also engaged in product development within the vaping market and partners with top international brands to elevate its products within the vaping industry. . . . VPR Brands employs a growth strategy centered on high-performance, high-quality products that build exponential brand equity, awareness and loyalty.” To view the full article, visit http://cnw.fm/A2Umn About…

FridayApr 12, 2019 1:31 pm

CannabisNewsBreaks – Sproutly Canada Inc. (OTCQB: SRUTF) (CSE: SPR) (FRA: 38G) Subsidiary Reaches Key Milestone by Attaining Processing License from Health Canada

Sproutly Canada (OTCQB: SRUTF) (CSE: SPR) (FRA: 38G), a Canadian-licensed producer (“LP”), recently reported that its wholly owned subsidiary, Toronto Herbal Remedies, was awarded a processing license by Health Canada, which will advance its beverage-production strategy. An article discussing the company reads, “Sproutly announced on April 1 that its wholly owned subsidiary, Toronto Herbal Remedies Inc. (“THR”), was granted a processing license from Health Canada that allows THR to produce cannabis oil and related products (http://cnw.fm/RT13i). Toronto Herbal Remedies was already a licensed producer under the country’s Cannabis Act, and the new license sets the stage for Sproutly’s plans to…

FridayApr 12, 2019 12:56 pm

CannabisNewsBreaks – Youngevity International Inc.’s (NASDAQ: YGYI) Subsidiary Expands through Acquisition of Land

Khrysos Industries, a subsidiary of leading omni-direct lifestyle company Youngevity International (NASDAQ: YGYI), recently acquired 45 acres of land for research and development. A recent article discussing the company reads, “The company, which has been named among the ‘Top 100 Global Direct Selling Companies,’ holds a diversified portfolio of goods and services in a variety of markets. Specifically, Youngevity offers products in the top eight most profitable retail categories of health and nutrition, home and family, food and beverage (including coffee), spa and beauty, fashion, essential oils, photo and innovative services. Additionally, the company is seeking inroads to the newly…

FridayApr 12, 2019 12:12 pm

CannabisNewsBreaks – Cannabis Strategic Ventures Inc. (NUGS) Subsidiary Capitalizing on Mounting Cannabis Business Demand for Outsourced Employment Services

Los Angeles, California-based cannabis firm Cannabis Strategic Ventures’ (OTC: NUGS) subsidiary BudHire is ideally positioned to take advantage of the rising demand for outsourced personnel solutions. A recent article discussing NUGS reads, “Supporting this rapidly growing industry is the prime strategy of Cannabis Strategic Ventures. Among the company’s subsidiaries is the aptly named BudHire, an outsourced employment service specifically designed to meet the needs of growing cannabis-related business operations. Research conducted by Glassdoor shows that cannabis job openings are increasing rapidly, with 1,512 open in the United States during December 2018 — a 76% increase over the same period in…

FridayApr 12, 2019 10:16 am

CannabisNewsBreaks – Supreme Cannabis Company Inc. (TSX.V: FIRE) (OTCQX: SPRWF) (FRA: 53S1) to Participate in Multiple Conferences in April

Supreme Cannabis Company (TSX.V: FIRE) (OTCQX: SPRWF) (FRA: 53S1) this morning announced that it will be attending various capital markets conferences throughout April. On April 16, the company’s CEO Navdeep Dhaliwal will be presenting and attending 1-on-1 meetings at the GMP Securities' Cannabis Conference taking place in Toronto, ON. On April 17, Dhaliwal will attend 1-on-1 meetings at the Jefferies' Cannabis Summit in New York, NY. Concurrently, on April 17, the company’s VP Corporate Development, Scott Walters, is set to participate in a panel discussion titled, "LPs Navigate the Quickly-Changing Canadian Market" at the Benzinga's Cannabis Capital Conference in Toronto,…

ThursdayApr 11, 2019 12:50 pm

CannabisNewsBreaks – Supreme Cannabis Company Inc.’s (TSX.V: FIRE) (OTCQX: SPRWF) (FRA: 53S1) 7ACRES Subsidiary Enlarges Facility Space, Raises Production Capacity

Supreme Cannabis Company’s (TSX.V: FIRE) (OTCQX: SPRWF) (FRA: 53S1) 7ACRES subsidiary is expanding its cultivation facility space. The expansion is set to increase its production capacity by 50%, reaching approximately 26,250 kg. A recent article discussing the company reads, “The Supreme Cannabis Company anticipates reaching multiple milestones this year. As of March 2019, the company has amassed growing room space of 180,000 square feet at its 7ACRES cultivation facility. This growth will enable production capacity to increase by 50%, reaching approximately 26,250 kg (http://cnw.fm/6SwId). Additionally, supply agreements are in place throughout eight Canadian provinces. As such, the company’s target goals continue…

ThursdayApr 11, 2019 11:52 am

CannabisNewsBreaks – City View Green Holdings Inc. (CSE: CVGR) to Tackle Cannabis-Edible, Beverage Markets

Vertically integrated cannabis company City View Green Holdings (CSE: CVGR) is following its plan to enter the cannabis-edible and beverage markets. The company just entered into a partnership with a leading Jamaican Blue Mountain coffee company. A recent article discussing the partnership reads, “City View Green has entered into a partnership with Blue Bean Coffee Ltd., a global representative of the leading Jamaican Blue Mountain coffee farms (http://cnw.fm/I2oGQ). Coffee has the potential to play a large role in the edible and consumable cannabis space, and CVGR wanted to partner with Blue Bean Coffee because of the company’s focus on delivering…

ThursdayApr 11, 2019 10:53 am

CannabisNewsBreaks – Sugarmade Inc. (SGMD) Enters Supply Contract with Hempistry, Inc.

Major supplier to the growing hydroponic cultivation sector Sugarmade (OTCQB: SGMD) this morning announced its entry into a supply contract with Hempistry, Inc., as the Kentucky-based hemp cultivator acquires supplies for its hemp micropropagation operation. Per the update, Sugarmade expects the supply relationship to be ongoing as Hempistry expands both domestic and international operations. “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 and Hempistry Director Jimmy Chan…

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