CannabisNewsBreaks

ThursdayJan 10, 2019 11:23 am

CannabisNewsBreaks – TransCanna Holdings Inc. (CSE: TCAN) Closes IPO Generating $2.2M in Gross Proceeds

TransCanna Holdings (CSE: TCAN) announced the January 8, 2019 completion of its initial public offering (“IPO”) of 4,400,000 units, issued at a price of $0.50 per unit, which generated aggregate gross proceeds of $2,200,000 pursuant to a December 10, 2018 prospectus. Each unit is comprised of one TransCanna common share and one common share purchase warrant. Each warrant entitles the holder to acquire one additional share at an exercise price of $1 per share until January 8, 2020, under the condition that if the price of the shares on the Canadian Securities Exchange ("CSE") closes at or above $1.50 for…

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ThursdayJan 10, 2019 10:43 am

CannabisNewsBreaks – Global Payout, Inc. (GOHE) and MTrac Begin POS Integrations to Drive Paradigm Shifts, Mass Market Adoption

Global Payout (OTC: GOHE) together with its wholly-owned subsidiary MTrac Tech Corp. this morning announced the release of its system’s API for the purpose of integration with some of the cannabis industry’s leading point of sale (“POS”) companies. Per the update, the MTrac team has engaged several POS companies to discuss integration initiatives over the last few months. Integration will enable these companies, responsible for daily uploads of seed to sale tracking data into each state’s regulatory portal, to add card processing to their systems, merging inventory management and payment processing into one solution. “Since our initial launch in October,…

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ThursdayJan 10, 2019 10:24 am

CannabisNewsBreaks – SinglePoint, Inc. (SING) Eyes Opportunity in 2019, Highlights Company Initiatives and Acquisitions

Technology and investment company SinglePoint (OTCQB: SING) this morning provided insight into the company’s direction, intended acquisition plans and previous successful acquisitions it has completed to date. According to the update, the company has achieved major success in its industrial hemp CBD related initiatives, with its subsidiary SingleSeed.com receiving a steady increased volume of orders expected to be a key factor in driving increased revenue in 2019. The company is optimizing its site with different landing pages and utilizing tools such a heat maps and A/B testing to target enhanced visitor experience and increased conversion of site visits. SingleSeed continues…

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ThursdayJan 10, 2019 9:50 am

CannabisNewsBreaks – Marijuana Company of America Inc.’s (MCOA) Scio, Oregon Hemp Project Ramped Up for Clone Production, Expanded Growing Season

Innovative hemp and cannabis corporation Marijuana Company of America (OTC: MCOA) its Joint Venture partner Global Hemp Group Inc. (CSE: GHG) (OTC: GBHPF) (FRANKFURT: GHG) announced this morning that clone production at their Scio, Oregon High Yielding CBD Hemp project is in high gear for the 2019 season. The partners are preparing for an “as early as possible” planting this year with preparations underway for planting of this year’s crop to begin in late May to early June, providing an additional 45 to 60 days of growing time compared to last year. This expanded timeframe will allow the hemp plants…

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WednesdayJan 09, 2019 3:04 pm

CannabisNewsBreaks – ChineseInvestors.com, Inc. (CIIX) CEO Sees Promising Future for CBD Division as Laws Change Globally

ChineseInvestors.com (OTCQB: CIIX), developer of a proprietary financial news media and content platform providing information to the global Chinese-speaking community, is passionate about the role it is playing within the cannabis industry as laws continue change globally, according to the company’s CEO Warren Wang. A recent article further discussing the company reads, “Wang expressed excitement at being a part of expanding reach into the global industrial hemp industry. The company’s ties to the Asian consumer market are strong, and, with South Korea becoming the first East Asian country to legalize marijuana for medical purposes, Wang is hopeful that Thailand will…

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WednesdayJan 09, 2019 2:17 pm

CannabisNewsBreaks – Therma Bright, Inc. (TSX.V: THRM) (OTC: THRBF) Combining its Thermal Therapy Technology with CBD to Target Chronic Pain

Medical device technology provider Therma Bright (TSX.V: THRM) (OTC: THRBF) is developing an innovative pain relief therapy that utilizes its thermal therapy technology in combination with medical grade cannabis or cannabidiol (“CBD”) from hemp in the form of a cream or gel. A recent article discussing the company reads, “In October, Therma Bright revealed that it is also developing testing for a hemp cannabidiol (CBD)-based pain relief therapy that will use creams, gels or salves in concert with its thermal-generation products to target various forms of general or chronic pain such as back pain, arthritic pain and other orthopedic concerns.…

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WednesdayJan 09, 2019 10:57 am

CannabisNewsBreaks – The Supreme Cannabis Company Inc. (TSX.V: FIRE) (OTC: SPRWF) (FRA: 53S1) Gains Conditional Approval for Listing on the Toronto Stock Exchange

The Supreme Cannabis Company Inc. (TSX.V: FIRE) (OTC: SPRWF) (FRA: 53S1) this morning announced that it has received conditional approval from the Toronto Stock Exchange to graduate from the TSX Venture Exchange and list its common shares on the TSX. Final approval of the listing is subject to Supreme Cannabis meeting certain customary conditions required by the TSX, and the company intends to issue an additional statement when the TSX confirms the date on which trading on the TSX will commence. “Graduating to the TSX will broaden our investment appeal and leave us well positioned to execute on our strategic…

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WednesdayJan 09, 2019 9:20 am

CannabisNewsBreaks – The Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF) Inks Medical Cannabis Supply Agreement with Shoppers Drug Mart

The Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF), through its subsidiary The Flowr Group (Okanagan) Inc. (collectively “Flowr” or the company), this morning announced its entrance into an agreement with Shoppers Drug Mart, a division of Loblaw Companies Limited (TSX: L), to supply medical cannabis on a purchase order basis. Flowr will supply the leading drug store retailer with its FlowrRx brand of premium medical cannabis products. Initially, the products will be sold online only as Canadian regulations presently restrict the sale of medical cannabis in retail pharmacies, making Shoppers’ new ecommerce site the exclusive direct-to-patient online provider of FlowRx products.…

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TuesdayJan 08, 2019 2:36 pm

CannabisNewsBreaks – Lexaria Bioscience Corp.’s (CSE: LXX) (OTCQX: LXRP) Proprietary Technology Transforms the Way Molecules Enter the Body

Biotechnology company Lexaria Bioscience’s (CSE: LXX) (OTCQX: LXRP) revolutionary technology, DehydraTECH, alters the way that fat soluble, plant-derived molecules are absorbed into the body. A recent article further discussing the company reads, “Chemicals or intimidating complex ingredients that require disclosure on food labels are not required additions when using DehydraTECH. Instead the edible tech works with commons GRAS ingredients that can be organic and gluten- and dairy-free. It does all of this while still costing partners less than a penny per serving to implement, making DehydraTECH a win-win for the partner and consumer, who both gain from the improved performance…

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TuesdayJan 08, 2019 1:56 pm

CannabisNewsBreaks – Redfund Capital Corp. (CSE: LOAN) (OTC: PNNRF) Focuses on Medical Cannabis, Hemp and CBD-related Companies as Export Laws Begin to Shift in Israel

Redfund Capital (CSE: LOAN) (Frankfurt: O3X4) (OTC: PNNRF), a merchant bank that provides debt and equity funding to mid- and late-stage companies, is currently focusing on medical cannabis, hemp and cannabidiol (“CBD”) related companies. A recent article discussing the company reads, “Recent developments in regulation and research and development in the cannabis space are set to swell the project pipeline of Redfund Capital Corp. (CSE: LOAN) (OTC: PNNRF) (Frankfurt: O3X4). In November, a government committee in Israel approved the first draft of a law on the export of medical cannabis, a move welcomed by the industry, with one commentator (http://cnw.fm/UmSY8)  opining,…

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