CannabisNewsBreaks

TuesdayNov 06, 2018 1:11 pm

CannabisNewsBreaks – Phivida Holdings Inc. (CSE: VIDA) (OTCQX: PHVAF) Sees Promising Future Following the Removal of CBD from Schedule 1 List of Controlled Substances

Phivida Holdings (CSE: VIDA) (OTCQX: PHVAF), a hemp-cultivated cannabinoid innovator, applauded the recent elimination of cannabidiol (“CBD”) from the DEA’s Schedule 1 list of controlled substances. A recent article discussing the company reads, “Recently, Phivida Holdings talked about the removal of cannabidiol (CBD) from the U.S. Drug Enforcement Administration’s Schedule 1 list of controlled substances. In a news release, Jim Bailey, president and chief executive officer of Phivida, said, ‘We see this reclassification of CBD in pharmaceuticals as a good sign that will bolster the growing awareness of CBD as a substance that delivers many benefits, and opens the door…

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TuesdayNov 06, 2018 11:00 am

CannabisNewsBreaks – Global Payout, Inc.’s (GOHE) MTrac Team to Host Exhibit at Las Vegas MJBizCon

Global Payout, Inc. (OTC: GOHE), together with wholly owned subsidiary MTrac Tech Corp., this morning announced that its San Diego team is set to launch an exhibit at the Las Vegas MJBizCon 2018, the country’s largest annual cannabis convention. The Las Vegas Convention Center will host the event from November 14-16, bringing together major cannabis industry leaders and leading-edge ancillary businesses. Through the venue that expects over 1,000 vendors and 150 speakers, the MTrac team intends to showcase its payments platform to virtually the entire cannabis market. MTrac is widely considered to be the industry’s premier compliant card processor, as…

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TuesdayNov 06, 2018 10:51 am

CannabisNewsBreaks – Sugarmade, Inc. (SGMD) to Reap the Rewards of Explosive Growth in the CBD Market

Hydroponics supply company Sugarmade (OTCQB: SGMD) is expanding in the rapidly growing cannabis industry through acquisitions, including a direct investment in hemp production. A recent article discussing the company reads, “Sugarmade is also positioned to benefit through a more direct investment in the cultivation of hemp for production of cannabidiol, or CBD, a compound with therapeutic benefits. Sugarmade recently committed a million-dollar investment in Hempistry, Inc., which is cultivating an ultra-high-CBD strain of hemp on 23,000 acres in Kentucky. The Hemp Business Journal has forecast that the U.S. market for hemp products will reach $1.9 billion by 2022, with $646…

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TuesdayNov 06, 2018 10:31 am

CannabisNewsBreaks – Marijuana Company of America Inc.’s (MCOA) hempSMART Teams with ‘As Seen on TV’ to Launch Pet Product Ad Campaign

Innovative hemp and cannabis corporation Marijuana Company of America Inc. (OTC: MCOA) this morning announced the pending launch of a direct response television ad campaign in a strategic partnership between its wholly owned subsidiary, hempSMART, and asseenontv.pro (“ASONTV”). Set to release in early November 2018, the television commercial campaign will promote MCOA’s hempSMART Full Spectrum Pet Drops. The drops are formulated with 250mg of non-psychoactive hemp derived cannabidiol (“CBD”) oil, and the campaign will promote hempSMART’s Pet Drops as an all-natural alternative to traditional products in the marketplace. The 60-second TV ad campaign will air in select regions across the…

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TuesdayNov 06, 2018 10:07 am

CannabisNewsBreaks – Golden Developing Solutions, Inc. (DVLP) Issues LOI to Acquire Cannabis Dispensary POS Advertising Company

Golden Developing Solutions (OTC: DVLP) today announced that it has issued Letter of Intent (“LOI”) to acquire a quickly expanding cannabis dispensary Point-of-Sale (“POS”) advertising player in a restricted stock and cash deal valued on a pre-acquisition basis of more than $4 million. “We believe the lion’s share of investment returns for the farmers has already been made. The next phase will be a new strategic landscape in the cannabis sector defined by falling cannabis prices and massive growth in consumer and B2B services as mainstream public adoption accelerates in North America,” Golden Developing Solutions CEO Stavros Triant stated in…

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MondayNov 05, 2018 3:06 pm

CannabisNewsBreaks – Redfund Capital Corp. (CSE: LOAN) (OTC: PNNRF) Funds Winterlife Inc.

Redfund Capital Corp (CSE: LOAN) (Frankfurt: O3X4) (OTC: PNNRF) today announced that it has signed a promissory note to fund Winterlife Inc. including the premier launch of its new CBD and hemp-based product line, WinterlifeCBD. The WinterlifeCBD product line is free of THC and is entirely organic, vegan and gluten free. The line is comprised of gourmet cookies, tinctures and capsules manufactured in Washington State. The companies inked a two-year term convertible secured promissory note for CAD $1,000,000 at an annual interest rate of 14%. Redfund holds the option to convert the note at any time during the term. Additionally,…

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MondayNov 05, 2018 12:13 pm

CannabisNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Driving Opportunities for Growth through Acquisitions

Cannabis-focused research and development company The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) recently acquired HemPoland, increasing its opportunities for growth in the European market as part of the company’s international strategy. An article discussing the acquisition reads, “According to The Green Organic Dutchman CEO Brian Athaide, the transaction is a key milestone in the company’s long-term acquisition strategy. It delivers immediate revenue to shareholders while opening up a new vertical for the company. It also provides evidence of the company’s growth toward its goal of having operations in 12 countries on three continents by the end of…

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MondayNov 05, 2018 11:37 am

CannabisNewsBreaks – American Premium Water Corp. (HIPH) Appoints CEO as Interim Chairman

American Premium Water (OTC: HIPH) this morning announced that CEO Ryan Fishoff has been appointed as Interim Chairman, effective November 2, 2018. “I am extremely honored to have the additional responsibility of Interim Chairman. When I was given the opportunity to take over as CEO last year, the board believed in my vision for this company. Over the past year I have been able to implement a lot of that vision, and I am looking forward for the upcoming year to continue to grow and achieve the goals that I have outlined as the company continues to transform and get…

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MondayNov 05, 2018 10:43 am

CannabisNewsBreaks – Aurora Cannabis Inc. (TSX: ACB) (NYSE: ACB) Increases Investment in Choom Holdings Inc. (CSE: CHOO) (OTCQB: CHOOF)

British Columbia-based fully-integrated cannabis company Choom Holdings (CSE: CHOO) (OTCQB: CHOOF), together with Aurora Cannabis Inc. (TSX: ACB) (NYSE: ACB), this morning announced that the companies have completed a non-brokered private placement of a debenture in the principal amount of $20,000,000 in Choom by Aurora, convertible into common shares of Choom at a conversion price of $1.25 per share, with a four year maturity date. The unsecured convertible debenture is subject to a minimum conversion amount of $5,000,000. Following the expiration of the hold period, if the volume weighted average trading price ("VWAP") of the common shares on the CSE…

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FridayNov 02, 2018 12:20 pm

CannabisNewsBreaks – The Flowr Corporation (TSX.V: FLWR) Receives Speculative Buy Rating, $5 Price Target from Clarus Securities

The Flowr Corporation (TSX.V: FLWR), a vertically integrated Canadian cannabis company headquartered in Markham, Ontario with a Kelowna, British Columbia-based production facility, is making a name for itself in the booming cannabis sector. FLWR was recently covered in a research report by Clarus Securities, which was then highlighted in a recent article published by CantechLetter.com, titled ‘The Flowr Corporation could be a big winner in the cannabis space, Clarus Securities says’. The research report describes the company as “one of the very few Canadian licensed producers of cannabis with experience in successfully scaling indoor cultivation of premium product.” Clarus Securities…

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