CannabisNewsBreaks

WednesdayMar 20, 2019 11:15 am

CannabisNewsBreaks – Marijuana Company of America Inc. (MCOA) Partners with Licensed California Manufacturing & Distribution Company to Acquire Owner Interest, Form JV

Innovative hemp and cannabis corporation Marijuana Company of America (OTCQB: MCOA) today announced its entry into a letter of intent with Natural Plant Extract of California (“NPE”) and its subsidiary, Northern Lights Distribution, LLC (“NLD”), to acquire a 20 percent ownership interest in NPE and establish a joint venture to operate a California cannabis delivery service named Viva Buds. Per the update and under the terms of the LOI, MCOA will contribute $2,000,000 in total cash to the project, as well as common shares with a value of $1,000,000 in exchange for its 20 percent equity position in NPE. In…

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WednesdayMar 20, 2019 10:28 am

CannabisNewsBreaks – Redfund Capital Corp. (CSE: LOAN) (OTC: PNNRF) (Frankfurt: O3X4) Enters Strategic Alliance with Cannabis Mercantile Exchange

Redfund Capital (CSE: LOAN) (OTC: PNNRF) (Frankfurt: O3X4) this morning announced its entry into a strategic alliance with the Cannabis Mercantile Exchange ("Cannamerx"), one of the first cannabis and hemp auction platforms to go live. Per the update, Cannamerx is the first fully automated B2B international auction platform for wholesale cannabis, cannabis products, hemp and hemp products and genetics, to recommend certain company’s products and services to their respective customer base. More than 57 Canadian licensed cannabis companies have joined Cannamerx, which has helped facilitate the trade of more than 25 tonnes of cannabis, over $22 million in bids received…

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WednesdayMar 20, 2019 9:46 am

CannabisNewsBreaks – The Green Organic Dutchman (TSX: TGOD) (OTCQX: TGODF) Reports Financial, Operational Year End Results

Cannabis-focused research and development company The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF) on Tuesday reported its financial and operational results for the year ended December 31, 2018. Among other highlights, the company ended the year with $263.5 million of cash and restricted cash to continue to fund its facilities expansion and international growth. The company also completed two bought deals worth $101.2 million in gross proceeds and private placements totaling $77.6 million in gross proceeds. “2018 has been a pivotal year for the company. The accomplishments our team has made have been nothing shy of incredible,” the Green…

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WednesdayMar 20, 2019 9:00 am

CannabisNewsBreaks – TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) Inks Definitive Closing Documents to Acquire Cannabis Facility with Packaging Equipment on 5.5 Acres of Land

TransCanna Holdings (CSE: TCAN) (FSE: TH8) this morning announced that it has signed definitive closing documents to acquire a 196,000 square foot facility on 5.5 acres of land as well as cannabis packaging and processing equipment for a total purchase price of $15 million. Over the past two years, the facility has undergone $8 million in key renovations which have formed specific divisions for nursery, cultivation, manufacturing, extracting, bottling, remediation, and transportation and distribution. The company paid the sellers a $250,000 non-refundable deposit and will pay an additional $8 million down payment. The seller agreed to a carry back note…

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TuesdayMar 19, 2019 2:36 pm

CannabisNewsBreaks – Earth Science Tech Inc. (ETST) Aims for Dual Listing

Innovative biotechnology company Earth Science Tech (OTCQB: ETST) is currently seeking a dual listing of its common shares on the Canadian Securities Exchange (“CSE”). A recent article discussing the company reads, “In addition, ETST has engaged consultant Derek Lindsay to manage compliance while the company moves toward dual listing (http://cnw.fm/7WTCd). Along with managing compliance, Lindsay will be tasked with implementing an investor relations program and improving communications with investors. . . . ‘Dual listing is a major achievement and one that can provide ETST access to new investors and capital,’ Lindsay, who has solid experience in accelerating the growth of both…

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MondayMar 18, 2019 3:16 pm

CannabisNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQB: PLPRF) Sets Sights High in California Cannabis Market

Plus Products (CSE: PLUS) (OTCQB: PLPRF), already California’s leading edibles manufacturer, is focused on building the strongest cannabis brand to further position itself in a market expected to hit $5 billion in sales this year. A recent article discussing this includes commentary from PLUS CEO and co-founder Jake Heimark, from a Business Television segment (http://cnw.fm/2KM0t), where he states, “Plus Products is a cannabis manufacturing product company, and our vision is to build the strongest cannabis brand. In the last year, PLUS moved from about 12th in edibles in California to being the number one edible company in what is the…

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MondayMar 18, 2019 2:34 pm

CannabisNewsBreaks – Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Continues to Achieve High Revenues within Booming Cannabis Industry

Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) recently reported its financial and operational results for the period ended December 31, 2018. The report highlights the company’s capability to maintain high revenues within the cannabis industry. An article discussing SPRWF reads, “The Q2 report also detailed Supreme Cannabis’ profitability. The company recorded a 359-percent increase in revenue from Q2 2018 ($1.68 million) to Q2 2019 ($7.72 million). The company has also been making moves to stay competitive within the cannabis oil products market, an industry that has been dubbed the next ‘gold rush’ since the 2018 United States Farm…

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MondayMar 18, 2019 11:57 am

CannabisNewsBreaks – Green Hygienics Holdings Inc. (GRYN) Opens Escrow for Purchase of 824-Acre Property Near San Diego

Premium cannabis cultivation and branding firm Green Hygienics Holdings Inc. (OTCQB: GRYN) today announced that it has opened escrow for the purchase of the Potrero Ranch Property near San Diego, California. Per the update, the land package covers 824 acres of flat, native grassland pasture sheltered by surrounding mountains and is ideal for hemp cultivation, with an abundant water supply and favorable altitude and soil pH. The property includes outbuildings spanning 294,000 square feet that are suitable for use as greenhouses or storage. A large built-in cooler is installed in the main building. “Given that there is the potential to…

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MondayMar 18, 2019 11:44 am

CannabisNewsBreaks – City View Green Holdings Inc. (CSE: CVGR) Announces Appointment of Alcohol Beverage Industry Veteran as CEO

City View Green Holdings Inc. (CSE: CVGR) today announced that, effective immediately, Ian MacDonald has been appointed as its new CEO. MacDonald is a well-respected and proven leader in the international alcohol beverage industry with a solid reputation of creating and growing profitable and sustainable companies. With over 30 years’ experience in the highly regulated beverage alcohol space and a strong foundation in sales, marketing and executive management, MacDonald has repeatedly transformed companies into award-winning, innovative and industry leading organizations. "City View Green has arguably the best team in the business,” CEO Ian MacDonald stated in the release while discussing…

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MondayMar 18, 2019 9:42 am

CannabisNewsBreaks – Canopy Rivers Inc. (TSX.V: RIV) (OTC: CNPOF) Announces New Joint Venture with LeafLink Inc.

Cannabis-focused investment and operating platform Canopy Rivers Inc. (TSX.V: RIV) (OTC: CNPOF), alongside LeafLink Inc., this morning announced the establishment of LeafLink Services International ULC, a new venture focused on licensing and leveraging LeafLink’s dominant business-to-business marketplace and supply chain technology platform for deployment through regulated international cannabis markets. “We have been very impressed with LeafLink’s deep market penetration and their understanding of cannabis companies’ needs and behaviors,” Narbé Alexandrian, president of Canopy Rivers, stated in the news release. “The number of brands and products within our new cannabis economy has been explosive, making it difficult for retailers to deal…

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