CannabisNewsBreaks

FridayApr 05, 2019 2:48 pm

CannabisNewsBreaks – Redfund Capital Corp. (CSE: LOAN) (OTC: PNNRF) (Frankfurt: O3X4) Increases Stake in Mary’s Wellness Ltd. through Equity-for-Debt Swap

Redfund Capital (CSE: LOAN) (OTC: PNNRF) (Frankfurt: O3X4) recently completed an equity-for-debt swap, converting its C$100,000 loan to Mary’s Wellness Ltd. into equity. A recent article discussing the company reads, “The equity-for-debt swap converts C$100,000, extended to Mary’s Wellness Ltd. (“MWL”) as the first tranche of a convertible secured promissory note, into equity (http://cnw.fm/yUYY4). Late in 2018, Redfund agreed to provide C$1 million of debt financing to Mary’s Wellness Ltd, under a promissory note, with the option to convert in part or its entirety at Redfund’s discretion at any time during the term. The remaining C$900,000 remains covered by the promissory…

Continue Reading

FridayApr 05, 2019 2:45 pm

CannabisNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Strengthens Commitment to Clean Cannabis Production with Additional Organic Certification

The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF), a cannabis-focused research and development company, recently received its second organic certification at its Hamilton facility. A recent article discussing the company reads, “Organic certification is a big deal for TGOD, big enough for the company to enshrine the concept in its name. Organic cultivation leads to a cleaner product — one free of synthetic fertilizers and pesticides, which can pervert natural growth processes. In May 2018, TGOD’s facility based in Ancaster, Ontario, received organic certification from Ecocert Canada, an internationally recognized world-leading organization in organic certification. Ecocert is one of…

Continue Reading

FridayApr 05, 2019 12:04 pm

CannabisNewsBreaks – TransCanna Holdings Inc. (CSE: TCAN) (XETR: TH8) Closes C$16 Million Brokered Private Placement

Canada-based cannabis company TransCanna Holdings Inc. (CSE: TCAN) (XETR: TH8) late Thursday announced that it has closed its previously detailed and upsized brokered private placement of units, generating gross proceeds of C$16 million. Per the update, an aggregate of eight million units of the company were sold at a price of C$2.00 per unit, with each unit comprised of one common share of TransCanna and one half of one common share purchase warrant. TransCanna intends to use the net proceeds of the offering to fund an $8 million down payment for its proposed acquisition of a 196,000-square-foot cannabis facility. The…

Continue Reading

FridayApr 05, 2019 10:22 am

CannabisNewsBreaks – The Yield Growth Corp. (CSE: BOSS) (OTCQB: BOSQF) (Frankfurt: YG3) Engages The Design Spot to Further Position in $22B Hemp and CBD Industry

The Yield Growth (CSE: BOSS) (OTCQB: BOSQF) (Frankfurt: YG3) on Thursday announced its appointment of specialist New York Agency The Design Spot for strategic graphic design counsel from overall brand direction to packaging, merchandising and point-of-sale deliverables. According to the update, this move to promote stand-out visual identity and branding is vital to differentiate in the growing hemp-CBD market, which could reach $22 billion by 2022 according to a new estimate from cannabis industry analysts the Brightfield Group. The Design Spot and its team of award-winning designers was chosen for notable experience with an emphasis on skin care, hair care,…

Continue Reading

FridayApr 05, 2019 9:32 am

CannabisNewsBreaks – The Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF) Releases Q4 and Full Year 2018 Results

The Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF) on Thursday announced its results for the fourth quarter and full year ended December 31, 2018. According to the update, the company sold nearly 406 kgs of premium cannabis despite having only 20 percent of its Kelowna 1 grow rooms operational in the fourth quarter of 2018. In addition, Flowr reported gross revenues of C$3.3 million and net revenues of C$2.9 million, realizing an average net price of C$7.08/gram after receiving its sales license in August 2018, and broke ground on the first-of-its-kind 50,000 square foot R&D Facility in partnership with The Scotts Miracle-Gro…

Continue Reading

ThursdayApr 04, 2019 3:12 pm

CannabisNewsBreaks – Sproutly Canada Inc. (OTCQB: SRUTF) (CSE: SPR) (FRA: 38G) Fostering Innovation in the Cannabis Industry

Sproutly Canada (OTCQB: SRUTF) (CSE: SPR) (FRA: 38G), a Canadian-licensed producer (“LP”), recently acquired Infusion Biosciences to bring to market its patent-pending aqueous phytorecovery process (“APP”) technology. A recent article discussing the technology reads, “Fundamentally, Sproutly Canada is uniting advanced cannabis cultivation and transformational technologies to redefine the cannabis industry. It is replacing traditional water-compatible solutions with true natural water solubility. This improves the body’s ability to use cannabinoids and makes the effect of cannabis almost instantaneous. . . . The APP technology maintains stability without altering cannabis compounds. Additionally, the technology provides offset and onset times that mirror the…

Continue Reading

ThursdayApr 04, 2019 9:31 am

CannabisNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQB: PLPRF) Launches Mango CBD Relief Product Containing 90mg CBD and 10mg THC

Leading California edibles manufacturer Plus Products (CSE: PLUS) (OTCQB: PLPRF) this morning announced the launch of its newest “Mango CBD Relief” product, which, in each gummy, contains 4.5MG of CBD and .5MG of THC. The new product is already available at some of the more than 250 California retailers that carry the PLUS product line. “Mango CBD Relief is a reimagining of what it means to deliver a high quality CBD experience. As one of the leading brands in California, the largest cannabis market in the world, PLUS is in a unique position to test products at scale,” PLUS CEO…

Continue Reading

WednesdayApr 03, 2019 2:55 pm

CannabisNewsBreaks – Green Hygienics Holdings Inc. (GRYN) Plans to Purchase Ranch as Potential Cultivation Site

Full-scope, premium-cannabis company Green Hygienics Holdings (OTCQB: GRYN) recently announced that it has opened escrow for the purchase of a ranch property near San Diego that consists of more than 824 acres of flat, native grassland pasture. A recent article discussing the company reads, “The company’s announcement about the potential for a cultivation site in Southern California heralds a major step toward its goals. . . . ‘Given that there is the potential to harvest 1,200 to 1,500 pounds of hemp per acre, we can produce two crops per year, and the price of hemp is at an average of…

Continue Reading

WednesdayApr 03, 2019 2:38 pm

CannabisNewsBreaks – Earth Science Tech Inc. (ETST) Expands Distribution into Larger Markets

Earth Science Tech (OTCQB: ETST), an innovative biotechnology company, is expanding its market reach through distribution agreements that will make the company’s full-spectrum CBD available to additional dispensaries and health care practitioners. A recent article discussing the company reads, “ETST has reached agreements with CannaBiz and Desert Sun Distribution to sell its line to chiropractors, dispensaries, pharmacies, health care practitioners, athletic clubs and clinics in the United States, providing deeper reach into the market (http://cnw.fm/nzoI3). In a news release, ETST chief sales officer David Burbash said, ‘We see tremendous synergy between our CBD line and the health care practitioner and…

Continue Reading

WednesdayApr 03, 2019 2:28 pm

CannabisNewsBreaks – The Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF) Hires Renowned Chef to Develop Edible Cannabis Products

The Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF), a Canadian cannabis cultivation firm, recently announced that it would be hiring Canadian chef Ryan Reed to assist in the development of signature edible cannabis products. The company plans to launch the gourmet edible cannabis products in the last quarter of 2019. A recent article discussing the company reads, “Ryan Reed is an Iron Chef and Chopped winner. He won the ‘Victoria Chef of the Year’ award in 2011. As part of the collaboration with Flowr, Reed will work with the company’s research and development team to create new, high-quality cannabis edibles. The…

Continue Reading