CannabisNewsBreaks

WednesdayFeb 13, 2019 10:35 am

CannabisNewsBreaks – Generation Alpha, Inc. (GNAL) Partners with Seinergy LLC to Offer Lighting Rebates for U.S. Cannabis Growers

Vertically integrated cannabis technology innovator manufacturer and distributor Generation Alpha (OTCQB: GNAL) this morning announced its partnership with Seinergy LLC, an indoor agriculture lighting rebate provider in the U.S. Per the update, the new relationship could provide customers potential cost reductions of up to 40 percent in rebates per light fixture. “As we introduce new products like our new B9 LED light system, we also look for business solutions for our customers,” Generation Alpha Chief Executive Officer Alan Lien commented in the news release. “Seinergy allows us to provide options that help our customers reduce costs and improve margins.” To…

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WednesdayFeb 13, 2019 10:13 am

CannabisNewsBreaks – Youngevity International Inc. (NASDAQ: YGYI) Enters Binding Agreement to Acquire Assets of Khrysos Global

Leading omni-direct lifestyle company Youngevity International Inc. (NASDAQ: YGYI) this morning announced its entry into a binding agreement to purchase all of the assets of Khrysos Global, a Florida-based manufacturer of hemp-based CBD extraction equipment. Per the update, this acquisition is intended to establish YGYI’s newly formed, wholly owned subsidiary, Khrysos Industries Inc., as a global player in the field-to-finish hemp-CBD oil, isolate and distillate market. “I'm ecstatic about this purchase and what it signals for this moment in our company's history,” Dave Briskie, president and CFO of YGYI, stated in the news release. “The purchase of the assets of…

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WednesdayFeb 13, 2019 9:50 am

CannabisNewsBreaks – Earth Science Tech, Inc. (ETST) Signs Distributor for Hygee(TM) in Vietnam; Releases CBD Product Launch Update

Innovative biotechnology company Earth Science Tech (OTCQB: ETST) today announced a distribution agreement to market its Hygee(TM) medical device in Vietnam and provided an update on its CBD product line. According to the update, the company is nearing completion of its first commercial batch of Hygee and, for the next five years, Queen Concept Inc. will be the exclusive Hygee distributor in Vietnam with access to the stock needed for the Vietnamese market. In addition, the company announced the upcoming launch of three products, starting with the PropoDiol throat spray, a new formula developed as a joint venture with Laboratoire…

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TuesdayFeb 12, 2019 9:53 am

CannabisNewsBreaks – Golden Developing Solutions, Inc. (DVLP) Announces Significant Progress Toward Launch of Colorado-Based Supercritical CO2 CBD Extraction Facility

Emerging leader in the cannabis, hemp, and cannabidiol (“CBD”) marketplace Golden Developing Solutions (OTC: DVLP) this morning announced significant progress toward establishment of its new Colorado-based high-capacity CBD extraction and production facility, including a pending equipment order for a best-in-class supercritical CO2 extraction system. Per the update, the system (CO2 rather than ethanol based) is designed to drive the highest purity levels in end production. DVLP management intends to finalize machinery orders within the next 90 days and expects the facility to be fully operational by summer of 2019. “We are committed to driving the bus, not just riding on…

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TuesdayFeb 12, 2019 9:36 am

CannabisNewsBreaks – Supreme Cannabis Company Inc. (TSX.V: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Releases Q2 2019 Financial and Operating Results

Supreme Cannabis Company (TSX.V: FIRE) (OTCQX: SPRWF) (FRA: 53S1) this morning announced the release of its financial and operating results for the three and six months ended December 31, 2018. According to the update, Q2 2019 highlights include: revenue of $7.72 million, reflecting a 359 percent increase from Q2 2018 and a 50 percent increase from Q1 2019; a net comprehensive loss of $1.55 million, compared net losses of $2.03 million in Q2 2018 and $5.39 million in Q1 2019. In addition, Supreme Cannabis strengthened its balance sheet during the quarter by raising gross proceeds of $100 million through a…

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MondayFeb 11, 2019 3:21 pm

CannabisNewsBreaks – California Senator Reiterates Support for Marijuana Legalization

California Senator Kamala Harris recently announced her support of a bill introduced by Senator Cory Booker of New Jersey that would end the federal marijuana prohibition. Harris’ support was highlighted in an article by Fox News titled ‘Kamala Harris, pushing legal marijuana, says she smoked pot in college: 'And I inhaled'’. According to the article, Harris made her comments on "The Breakfast Club," a New York City-based nationally syndicated radio program. Other supporters of the bill include Senator Kirsten Gillibrand of New York and Senator Bernie Sanders of Vermont. To view the full article, visit http://cnw.fm/U7LnB About Fox News FOX…

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MondayFeb 11, 2019 2:24 pm

CannabisNewsBreaks – Cannabis Strategic Ventures Inc. (NUGS) Employs Niche Acquisition-Based Growth Strategy

Cannabis Strategic Ventures (OTC: NUGS), a Los Angeles-based cannabis industry incubator, recently announced its plan to uplist to the OTCQB Venture Market, a milestone that falls in line with the company’s acquisition-based growth strategy. A recent article discussing NUGS reads, “’We have many new initiatives planned in 2019, and we are managing our business operations for growth. This uplisting is designed to demonstrate to our investors and to the marketplace that Cannabis Strategic Ventures is well-prepared for the future,’ Cannabis Strategic Ventures CEO Simon Yu stated in a news release. . . . The uplisting supports the company’s broader growth…

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MondayFeb 11, 2019 2:13 pm

CannabisNewsBreaks – TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) Prepares to Pounce on California Cannabis Distribution, Transportation Markets

TransCanna Holdings (CSE: TCAN) (FSE: TH8), through its affiliate TCM Distribution Inc. (“TCMD”), has secured local licenses in Adelanto, California, and recently secured a California temporary distribution license. In addition, TransCanna also completed its initial public offering (“IPO”) for total gross proceeds of C$2.2 million, which will be used to fund its general working capital for the next 12 months including its entry into California’s cannabis transportation and branding market, per a prospectus filed on SEDAR in December (http://cnw.fm/jvZ7A). A recent article discussing the company reads, “Transporting cannabis products in California remains challenging in the months following full legalization because…

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MondayFeb 11, 2019 10:07 am

CannabisNewsBreaks – Generation Alpha Inc. (GNAL) Appoints New Board Member to Assist in Expansion, Explore New Opportunities in Legal Cannabis Market

Vertically integrated cannabis company Generation Alpha Inc. (OTCQB: GNAL) this morning announced the appointment of international businessman and entrepreneur David Lenigas to its board of directors. Per the update, Lenigas has first-hand experience in the legalized medical cannabis sector, having assisted with funding the building of operations in Canada, Europe, Australia and Jamaica. In addition, he has extensive experience chairing and managing companies on many international stock exchanges.  “I am pleased to welcome David to the Board of Directors,” Generation Alpha CEO Alan Lien commented in the news release.  “David comes to us with an international entrepreneurial and capital markets…

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MondayFeb 11, 2019 9:59 am

CannabisNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQB: PLPRF) to Participate in National Cannabis Roundtable

Leading California edibles manufacturer Plus Products Inc. (CSE: PLUS) (OTCQB: PLPRF) on February 8, 2019, announced its participation in the newly formed National Cannabis Roundtable (“NCR”), a campaign aimed at reforming federal cannabis laws and advocating for a rational legal framework. Former U.S. Speaker of the House John Boehner will serve as honorary chairman of the NCR. According to the update, the NCR public policy team, which includes The Liaison Group, Squire Patton Boggs and HDMK Public Affairs, will advocate for a multi-faceted reform agenda that includes: removal of federal restrictions that prohibit medical research involving cannabis; introduction of solutions…

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