CannabisNewsBreaks

WednesdaySep 26, 2018 9:40 am

CannabisNewsBreaks – FinCanna Capital Corp. (CSE: CALI) (OTCQB: FNNZF) Investee Company Receives First Purchase Order

FinCanna Capital (CSE: CALI) (OTCQB: FNNZF), a royalty company for the U.S. licensed medical cannabis industry, this morning announced that its investee company, Refined Resin Technologies Inc., has secured its first purchase order for THC distillate in the amount of $840,000. The purchase order received from a high volume, top California cannabis brand specified $840,000 as the minimum annual amount. Monthly volumes and the related payments may increase based on reliable delivery and performance. “To secure a large purchase order from a top California brand is a testament to the stature of the Refined Resin team and bodes well for…

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TuesdaySep 25, 2018 4:30 pm

CannabisNewsBreaks – The Flowr Corp. (TSX.V: FLWR) Featured in Benzinga Article ahead of Public Listing

The Flowr Corp. (TSX.V: FLWR), a vertically integrated Canadian cannabis company, was the subject of a recent article published by Benzinga, titled ‘Canada's Flowr Corp. Prepares To Go Public, Bets On Premium Cannabis, Eyes Global Expansion’. As noted in the article, Flowr went public via a reverse takeover of The Needle Capital Corp., allowing it to avoid the need for an IPO. The company intends to list on a U.S. exchange at a future date. “Many of the large producers need to irradiate all of their product to pass Health Canada inspection and that hurts the flavor and smell of…

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TuesdaySep 25, 2018 3:05 pm

CannabisNewsBreaks – Medical Cannabis Payment Solutions (REFG) Green Processing System Keeps Customers in Compliance

Medical Cannabis Payment Solutions (OTC: REFG), through its Green FinCEN-compliant processing system, enables patients to link their bank accounts and debit those accounts to make purchases at state-licensed cannabis establishments. A recent article discussing the company reads: “Green allows a dispensary to take electronic payments and deposit cash securely, all in complete FinCEN compliance. Merchants can open an account on the company’s website by completing a Dispensary Merchant Application (http://cnw.fm/K9Yo6). Using the system, dispensaries need not worry about regulatory issues, since FinCEN compliance is incorporated into the transaction processing platform. Medical Cannabis Payment Solutions keeps customers in compliance and retains…

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TuesdaySep 25, 2018 2:58 pm

CannabisNewsBreaks – BLOCKStrain Technology Corp. (TSX.V: DNAX) (OTC: BKKSF) Platform Solves Unique Challenges Faced by the Cannabis Industry

BLOCKStrain Technology (TSX.V: DNAX) (OTC: BKKSF), through its easily integrated BLOCKStrain platform, offers the cannabis market a single-source accountability system. A recent article discussing the company’s innovative platform reads: “While supply chain transparency and verification are ongoing issues for various industries, in an emerging industry like the cannabis market, in which regulations are still being established and the proverbial kinks are still being worked out, the need for a reliable means of seed-to-sale tracking is even more acute. … Until recently, cannabis products were largely available only on the black market. As cannabis availability and legalization now continue to expand…

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TuesdaySep 25, 2018 11:15 am

CannabisNewsBreaks – NUGL Inc. (NUGL) Appoints Cannabis Industry Leader as New VP of Sales

NUGL Inc. (OTC: NUGL), the cannabis industry’s new standard of technology, this morning named Bob Waters, a former associate publisher and sales director of Culture Magazine, as the company’s vice president of sales. Waters will leverage his vast expertise in sales and marketing to drive the development of NUGL’s sales team and assist in the launch of strategic partnerships and acquisitions for the company’s growing stable of cannabis-focused initiatives. “The addition of Bob could not be a better fit for us. Bob is very connected in the cannabis space and has done a great job building his past company’s advertising…

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TuesdaySep 25, 2018 10:19 am

CannabisNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Provides Update on Spin-off Transaction; Subsidiary Intends to Complete Offering of Subscription Receipts

Cannabis-focused research and development company The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF) this morning provided an update on the spin-off transaction regarding its wholly-owned subsidiary, TGOD Acquisition Corporation ("SpinCo"). The distribution record date is expected to be on or about November 16, 2018, subject to execution of an arrangement agreement between the company and SpinCo and receipt of requisite corporate, regulatory and court approvals. Per the arrangement agreement, TGOD shareholders of record as of the distribution date will receive 0.15 of one SpinCo unit warrant for each TGOD share held. Each unit warrant will entitle the holder to…

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TuesdaySep 25, 2018 9:22 am

CannabisNewsBreaks – Choom Holdings Inc. (CSE: CHOO) (OTCQB: CHOOF) Gains Inclusion in the Horizons Marijuana Life Sciences (TSX: HMMJ) ETF

British Columbia-based fully-integrated cannabis company Choom Holdings Inc. (CSE: CHOO) (OTCQB: CHOOF) this morning announced that it has been added to the Horizons Marijuana Life Sciences (TSX: HMMJ) exchange-traded fund (“ETF”). As the world’s first and largest ETF, HMMJ delivers exposure directly to North American publicly listed life sciences companies that engage in the marijuana industry. "Choom's addition to the Horizons Marijuana Life Sciences ETF is recognition of our efforts to building a dominant branded cannabis company. The Choom brand was created exclusively to service the retail recreational market, ensuring curious customers and cannabis connoisseurs alike can 'cultivate good times',"…

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MondaySep 24, 2018 10:46 am

CannabisNewsBreaks – Global Payout, Inc. (GOHE) Highlights Recent Progress of Government Relations Team MGR2, LLC

Global Payout, Inc. (OTC: GOHE), alongside wholly owned subsidiary MTrac Tech Corp., this morning announced that MGR2, LLC, the government relations team engaged by the company, has made significant strides in recent weeks toward incorporating language regarding blockchain in state assembly bills to aid in the development of cashless ecosystems for legal cannabis businesses. “The goal of every legislature intending to implement either medical or recreational cannabis is to do so in a responsible manner that provides for the safety and security of the businesses operating in the industry and the community at large,” MGR2 founder Barry Lefkowitz stated in…

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MondaySep 24, 2018 10:42 am

CannabisNewsBreaks – GreenBox POS, LLC (GRBX) Completes Takeover of Parent Company

Payment-focused technology company GreenBox POS, LLC (OTC: GRBX) this morning announced that it has successfully completed the transfer of all business and assets of its parent company onto GRBX’s books, as planned. Per the update, operations continued normally throughout the transition, and the company remains on track to realize all previously detailed business objectives. “We had a challenge delivering all the required disclosures on time. I am happy to see that the added effort paid off and the process was successfully completed,” Ben Errez, executive vice president of GRBX, stated in the news release. “Our goal of being completely transparent…

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MondaySep 24, 2018 10:38 am

CannabisNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Adds Tim Seymour to Advisory Board

Cannabis-focused research and development company The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) this morning announced its appointment of American businessman, investor and television personality Tim Seymour to its advisory board. Per the update, Seymour is best known for his role with CNBC as a recognized trader and market specialist on ‘Fast Money’. He brings more than two decades of experience as a portfolio manager and capital markets professional to the TGOD team. “Tim is one of the most recognizable finance professionals in America and we are thrilled to have him join our team,” Brian Athaide, CEO of…

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