CannabisNewsBreaks Archive - Page 251 of 420

ThursdayMar 28, 2019 11:34 am

CannabisNewsBreaks – Therma Bright Inc.’s (TSX.V: THRM) (OTC: THRBF) TherOZap(TM) Technology in Final Stage Testing Against Zika Virus

Medical device technology provider Therma Bright (TSX.V: THRM) (OTC: THRBF) this morning announced that it is in the final stages of in vitro testing and awaits the results of the TherOZap(TM) technology against the Zika virus. According to the update, a top research laboratory in Canada is conducting the testing, and Therma Bright expects to report further information as it becomes available. “To date the research lab has done an excellent job following protocol and testing our device with the aim of reporting statistically relevant results,” Therma Bright CEO Rob Fia stated in the news release. “Therma Bright made a…

ThursdayMar 28, 2019 11:28 am

CannabisNewsBreaks – Global Consortium, Inc (GCGX) Exploring Opportunity to Take One of its Divisions Public in Canada

Global Consortium (OTC: GCGX) this morning announced that it is participating in ongoing discussions to take one of its divisions public in Canada, where it can receive a higher multiple and gain easier access to capital for expansion. Cannabis companies have thrived after going public on the CSE and dual listing in the United States, where opportunities exist at reasonable valuations while the country keeps cannabis in the grey area between state and federal government regulations. Utilizing the Canadian markets to raise capital would open growth potential currently being missed. Global's CPA is nearly finished with consolidation of the financials,…

ThursdayMar 28, 2019 10:21 am

CannabisNewsBreaks – Choom Holdings Inc. (CSE: CHOO) (OTCQB: CHOOF) Enters MOU with Better Choice Company for Exclusive Distribution Rights to CBD Animal Health Products

British Columbia-based fully-integrated cannabis company Choom Holdings (CSE: CHOO) (OTCQB: CHOOF) this morning announced its entry into a memorandum of understanding ("MOU") with Better Choice Company, Inc. for exclusive Canadian distribution rights to its cannabidiol ("CBD") Bona Vida brand of products targeted for animal health and wellness once approved for sale in Canada. Better Choice offers a suite of CBD pet focused products in the form of oils and soft chews under its Bona Vida brand, with several formulations designed to aid the state of good health and well-being in pets. “We are excited that Better Choice has chosen us…

ThursdayMar 28, 2019 10:15 am

CannabisNewsBreaks – Redfund Capital Corp. (CSE: LOAN) (OTC: PNNRF) (Frankfurt: O3X4) Enters Promissory Note with New Portfolio Client, Cannaki Beverage

Redfund Capital (CSE: LOAN) (OTC: PNNRF) (Frankfurt: O3X4) this morning announced its entry into a promissory note with Cannaki Beverage Inc., a Las Vegas, Nevada-based manufacturer of natural and organic functional beverages with core products that include still and carbonated beverages and Nano CBD infused flavored waters. According to the update, Redfund and Cannaki signed the two-year term convertible secured promissory note on March 27th 2019 for $1,000,000 at an annual interest rate of 14 percent. Redfund may convert the note at any time during the term, and the company has a right of first refusal to provide financing to…

ThursdayMar 28, 2019 9:49 am

CannabisNewsBreaks – Supreme Cannabis Company Inc. (TSX.V: FIRE) (OTCQX: SPRWF) (FRA: 53S1) President Recognized on High Times’ List of the 100 Most Influential People in Cannabis

Supreme Cannabis Company (TSX.V: FIRE) (OTCQX: SPRWF) (FRA: 53S1) on Wednesday announced that its President and Founder John Fowler was recognized on the High Times list of the 100 Most Influential People in Cannabis. A pioneer in the industry, Fowler spent over a decade in the medical cannabis sector as a cultivator, influencer, patients-rights advocate and lawyer prior to founding Supreme Cannabis' wholly-owned subsidiary, 7ACRES, in 2013. Fowler’s vision for 7ACRES was to create Canada's leading premium cannabis flower brand and produce high quality cannabis on a commercial scale and, today, 7ACRES is one of Canada's leading premium brands. Fowler…

TuesdayMar 26, 2019 1:32 pm

CannabisNewsBreaks – TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) Receives Promising Valuation from Third Party Accounting Firm on Cannabis Facility Acquisition

TransCanna Holdings (CSE: TCAN) (FSE: TH8), an emerging cannabis branding, transportation and distribution company, recently signed definitive documents to purchase a 196,000 sq. ft. vertically integrated facility in northern California for $15 million. The purchase includes 5.567 acres of land and institutional grade packaging and extraction equipment. TransCanna retained the services of GreenGrowth CPA, an independent third-party chartered professional accounting firm that specializes in legalized cannabis. GreenGrowth was engaged by the company to determine the enterprise value of the proposed business to be conducted by TransCanna on the property. Using two separate valuation methods including both the discounted cash flow…

TuesdayMar 26, 2019 11:41 am

CannabisNewsBreaks – Global Payout, Inc. (GOHE) and MTrac’s Government Relations Team to Speak at NJ Cannabis Insider Event

Global Payout (OTC: GOHE) along with its wholly-owned subsidiary MTrac Tech Corporation today announced that Carol Gabel, a valued member of the company’s government relations team at MGR2, was invited to speak at the New Jersey Cannabis Insider event to be held on April 3, 2019. The event brings together cannabis industry key players in the New Jersey and surrounding tri-state area, offering networking opportunities to new and established businesses in the rapidly expanding market. Gabel has over 20 years of experience in executive management and has worked with hundreds of legislators and elected officials under five different administrations. MTrac…

TuesdayMar 26, 2019 10:40 am

CannabisNewsBreaks – Marijuana Company of America Inc. (MCOA) Subsidiary Partners with MassRoots, Inc. (MSRT) to Promote hempSMART CBD Product Line

Innovative hemp and cannabis corporation Marijuana Company of America (OTCQB: MCOA) today announced that its wholly owned subsidiary hempSMART(TM) has entered into a strategic marketing agreement with MassRoots, Inc. (OTCQB: MSRT). According to the update and under the terms of the agreement, MassRoots will participate in the company’s associate marketing platform to assist in promoting and selling hempSMART(TM) products on www.MassRoots.com, as well as MassRoots’ app and other social media outlets. “We are very proud to have the hempSMART(TM) CBD product line accepted by MassRoots as part of their marketing campaign,” MCOA CEO Donald Steinberg stated in the release. “We…

TuesdayMar 26, 2019 10:33 am

CannabisNewsBreaks – Golden Developing Solutions, Inc. (DVLP) Issues Shareholder Update and Steep Growth Potential Following Recent CBD Acquisition

Emerging leader in the cannabis, hemp, and cannabidiol (“CBD”) marketplace Golden Developing Solutions (OTC: DVLP) this morning provided a shareholder update via a letter from its CEO. According to the update, the company has gained traction in the cannabis space as a service provider with its popular Where’s Weed app and portal, as well as expanded its market footprint to move into the CBD space with its Where’s CBD portal. This sets the stage for what the company believes could be a true gamechanger through its recent acquisition of Infusionz, LLC (“CBD Infusionz”), a premium manufacturer of high quality CBD…

TuesdayMar 26, 2019 9:34 am

CannabisNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQB: PLPRF) Posts Preliminary 2018 Unaudited Financial Results; Reports Estimated Revenues of $8.4M

Plus Products (CSE: PLUS) (OTCQB: PLPRF) this morning reported its unaudited revenue estimate for the fiscal period ended December 31, 2018 of $8.4 million, representing an enormous growth of 684% from fiscal 2017 revenues of $1.1 million. Additionally, the company reported revenue estimates of $3.4 million for the fourth quarter of 2018, an increase of about 32% over the third quarter of 2018. PLUS attributes the surge primarily to sales of its concentrated brand portfolio of four full-time SKUs and one rotating seasonal. The company’s unaudited cash balance rose from $11.1 million as of September 30, 2018 to $22.9 million…

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