CannabisNewsBreaks

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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MondayMar 25, 2019 3:26 pm

CannabisNewsBreaks – Jelly Belly Creator Launches New Line of CBD-infused Jelly Beans

David Klein, the founder of the famous Jelly Belly candy, recently announced that he will be launching a new line of jelly beans that contain cannabidiol (“CBD”). The announcement was recently discussed in an article authored by David Aaro, on Fox News titled ‘Jelly Belly creator introduces CBD-infused jelly beans’. Klein has created a new company, Spectrum Confections, which is adding CBD oil to 38 flavors such as toasted strawberry cheesecake, marshmallow, pina colada and mango. The candies will not include THC, the main active ingredient in cannabis. “The jelly bean is perfect for the proper dosage [of CBD],” David…

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MondayMar 25, 2019 2:42 pm

CannabisNewsBreaks – Fox News Article Advises Caution for CBD Use Pending Long-term Data

The lack of data on the long-term safety of cannabidiol (“CBD”) oil was recently emphasized in an article authored by Nicole Saphier, M.D., on Fox News titled ‘CBD oil is the new rage among millennials. But, as a doctor, here's what I worry about’. Among other highlights, the article reminds readers that even though the limited and short-term data on CBD oil is promising, there is not any long-term data yet to further support the safety and effectiveness as a treatment to various ailments. Although there is scientific evidence demonstrating that CBD has FDA-proven benefits for treating epileptic seizure disorders…

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MondayMar 25, 2019 12:23 pm

CannabisNewsBreaks – Wildflower Brands Inc. (CSE: SUN) (OTCQB: WLDFF) Adds New Tinctures to its CBD+ Wellness Line

Wildflower Brands (CSE: SUN) (OTCQB: WLDFF) today announced the addition of the Pure and Pure Plus tinctures to its CBD+ Wellness line of products. Pure and Pure Plus tinctures, formulated with hemp-derived CBD, milk thistle and hemp seed oil, are designed to provide relief from inflammation and support healthy liver and heart function. Based on the success of its existing tinctures, WLDFF has added hemp seed oil to the new offering for optimal omega-3 and omega-6 fatty acid ratios in solvent-free formulations that can be taken sublingually via a dropper or used in food and beverage preparation. “Consumers are drawn…

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MondayMar 25, 2019 11:19 am

CannabisNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Initiates Growers’ Circle Launch, Domestic Sales to Patients Across Canada

Cannabis-focused research and development company The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF) this morning announced that sales of its certified-organic cannabis have started with national distribution to medical patients. Per the update, a select group of patients across Canada called The Growers' Circle now receives TGOD's first certified-organic flower. The Growers' Circle launch is a limited production rollout of TGOD’s premium product, allowing the company to perfect its distribution ahead of its production ramp-up and scaled rollout this year. “The launch of the Growers' Circle is another significant moment in TGOD's commercial story,” TGOD Director and Chief Executive…

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MondayMar 25, 2019 10:56 am

CannabisNewsBreaks – Choom Holdings Inc. (CSE: CHOO) (OTCQB: CHOOF) to Expand to Florida Market Through Investment in Vertically-Integrated Cannabis Applicant

British Columbia-based fully-integrated cannabis company Choom Holdings (CSE: CHOO) (OTCQB: CHOOF) this morning announced its intended expansion into Florida following its strategy to become a multi-state operator. According to the update, Choom, through its wholly owned subsidiary, Choom Holdings USA Inc., has entered a letter of intent ("LOI") to purchase a 95 percent equity interest in a Florida-based vertically-integrated cannabis applicant. “We are very excited to be expanding into Florida and to bring Choom's medical brand into that market.  Florida's medical marijuana program is a very attractive opportunity for us seeing that it allows for vertically-integrated operations and it has…

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MondayMar 25, 2019 10:06 am

CannabisNewsBreaks – Canopy Rivers Inc.’s (TSX.V: RIV) (OTC: CNPOF) Spot Therapeutics Receives Health Canada Cultivation License, Triggering Long-Term Cash Flow

Canopy Rivers (TSX.V: RIV) (OTC: CNPOF) today announced receipt of a Health Canada cultivation license for Canopy Growth Corporation (TSX: WEED) (NYSE: CGC) and its portfolio company, Spot Therapeutics Inc., for its Fredericton-based production and distribution facility. Per the update, the newly licensed facility will operate under the flagship Tweed banner, and the cultivation license initiates a long-term (25-year) cash flow stream anticipated to be approximately $2.85 million per year with commencement expected to begin in September 2019. “The long-term income stream from Spot, combined with our existing royalty portfolio, will further stabilize Canopy Rivers’ operating cash flow profile and…

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MondayMar 25, 2019 9:43 am

CannabisNewsBreaks – VIVO Cannabis Inc. (TSX.V: VIVO) (OTCQX: VVCIF) Announces Health Canada Approval for Canna Farms Subsidiary to Expand Hope Facility, Double BC Production

VIVO Cannabis (TSX.V: VIVO) (OTCQX: VVCIF) on Friday announced receipt of approval from Health Canada for its wholly-owned subsidiary, Canna Farms Ltd., to begin cultivation in the expansion of its Yale Road facility in Hope, BC, resulting in its doubled cultivation capacity in the province. According to the update, production, product development space and automated packaging equipment is included in the expansion that is expected to be incorporated into the facility and brought on-line in mid 2019. The company expects to commence cultivation in the expanded area in May 2019. “Today's approval of the Hope, British Columbia expansion is in…

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FridayMar 22, 2019 1:42 pm

CannabisNewsBreaks — Why Wildflower Brands Inc. (CSE: SUN) (OTCQB: WLDFF) Is ‘One to Watch’

Wildflower Brands (CSE: SUN) (OTCQB: WLDFF) develops and designs brands that focus on plant-based wellness and health products. A recent article discussing the company reads, “Wildflower markets its full-spectrum CBD products to retailers in the health and wellness space throughout the United States and in legal cannabis markets in accordance with regulations marketing its THC and CBD products. . . . Headquartered in Vancouver, British Columbia, Canada, Wildflower employs a unique and holistic business model that encompasses research and development, manufacturing, distribution, marketing and retail. First launched in 2012 as a private company with a cannabis-focused brand, Wildflower went public…

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FridayMar 22, 2019 1:11 pm

CannabisNewsBreaks — Youngevity International Inc. (NASDAQ: YGYI) Launching Two Cannabidiol-Infused Coffee Brands

Youngevity International (NASDAQ: YGYI), together with its CLR Roasters subsidiary, recently announced plans to introduce two cannabidiol-infused coffee brands in May. A recent article discussing the company’s endeavor reads, “Youngevity announced plans to launch two brands of cannabidiol-infused coffees on March 6, stating that sales are expected to begin in May. The HempFX brand is expected to roll out as a direct sales product through YGYI’s large sales network early in the month, followed by full-scale distribution by the end of the month. The company’s CLR Roasters subsidiary also anticipates a late-May rollout of its Javalution brand for retail store…

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