CannabisNewsBreaks Archive - Page 322 of 420

FridayAug 10, 2018 2:43 pm

CannabisNewsBreaks – Canopy Rivers Corp. Closes $104M Private Placement Offering; Enters Definitive Agreement to Finalize Qualifying Transaction

Canopy Rivers recently announced that it completed private placement of subscription receipts for gross proceeds of $104,212,000. In accordance with a brokered portion of the offering, 28,792,000 subscription receipts were sold. An additional 982,857 subscription receipts were sold on a non-brokered basis. Canopy Rivers also announced that it has entered into a definitive merger agreement with AIM2 Ventures Inc. ("AIM2") and 10859150 Canada Inc., a wholly-owned subsidiary of AIM2. The agreement outlines the necessary terms and conditions to be met to complete the proposed business combination transaction. The transaction is intended to result in a reverse take-over of AIM2 by…

FridayAug 10, 2018 11:57 am

CannabisNewsBreaks – Why Phivida Holdings Inc. (CSE: VIDA) (OTCQX: PHVAF) is “One to Watch”

Phivida Holdings (CSE: VIDA) (OTCQX: PHVAF) is a premium food and beverage company that develops foods, beverages and supplements infused with cannabidiol (“CBD”) for global distribution. An article discussing the company reads: “Using encapsulation technology, Phivida uses full spectrum CBD-hemp oil (rich in naturally occurring phytocannabinoids) converted into a water-soluble delivery format, which enhances delivery and absorption of the cannabinoids into the human body – up to an estimated tenfold. … Encapsulated CBD is infused into functional beverages, food and supplements containing a proprietary blend of phytonutraceuticals studied to target a range of health and wellness conditions. Phivida tests every…

FridayAug 10, 2018 9:31 am

CannabisNewsBreaks – SinglePoint, Inc. (SING) CEO Discusses Future Acquisition Strategy in Interview on MoneyTV

SinglePoint, Inc. (OTCQB: SING) was a featured company on this week’s episode of MoneyTV with Donald Baillargeon. MoneyTV is an internationally syndicated television program discussing “money and what makes it happen.” In this week’s episode, SinglePoint CEO Greg Lambrecht discussed the company’s Form 10 and increased revenues in the first quarter. Lambrecht also highlighted the company’s enhanced acquisition targets. "We're really interested in doing larger acquisitions, somewhere between five and ten million," SinglePoint CEO Greg Lambrecht stated in the interview. To view the full interview, visit http://cnw.fm/E5oEw To view the full press release, visit http://cnw.fm/wWv28 About SinglePoint, Inc. SinglePoint, Inc…

ThursdayAug 09, 2018 3:22 pm

CannabisNewsBreaks – Canopy Growth Corp. (TSX: WEED) (NYSE: CGC) and Canopy Rivers Corp. File Early Warning Report Regarding the Close of LiveWell Qualifying Transaction

Canopy Growth Corp. (TSX: WEED) (NYSE: CGC), together with Canopy Rivers Corp., announced in a recent news release that they have filed an early warning report in connection with the closing of the qualifying transaction of LiveWell Canada Inc., formerly Percy Street Capital Corporation, under National Instrument 62-103. Per the transaction, the two companies received a total of 17,589,552 common shares of Livewell in exchange for their common shares of LiveWell Foods Canada Inc. Canopy Growth holds 11,726,364 common shares and Canopy Rivers holds 5,863,188 common shares. Prior to the transaction, neither company held any common shares or convertible securities…

ThursdayAug 09, 2018 9:32 am

CannabisNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTC: TGODF) Announces Agreement with Shopify Inc. (NYSE: SHOP) (TSX: SHOP)

Cannabis-focused research and development company The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTC: TGODF) this morning announced that it has selected Shopify Inc. (NYSE: SHOP) (TSX: SHOP) to create an innovative ecommerce platform for the delivery of medical and future adult-use organic cannabis worldwide. “We are pleased to announce this agreement with ecommerce giant Shopify,” Csaba Reider, president of TGOD, stated in the news release. “We see tremendous value in this relationship and Shopify will play an instrumental role in our ability to rapidly scale and provide our premium organic cannabis to global markets.” To view the full press…

ThursdayAug 09, 2018 9:27 am

CannabisNewsBreaks – Pivot Pharmaceuticals Inc. (CSE: PVOT) (OTCQB: PVOTF) (FRA: NPAT) Inks LOI with Pharmaflorx for the Supply of Cannabis Oils and Isolates

Pivot Pharmaceuticals (CSE: PVOT) (OTCQB: PVOTF) (FRA: NPAT) this morning announced that it has signed a Letter of Intent (“LOI”) with Pharmaflorx Ltd. ("PFX") for the supply of cannabis oils and isolates. PFX is a privately-held late-stage Access to Cannabis for Medical Purposes Regulations ("ACMPR") applicant located in Gatineau, Quebec. Per the update, Pivot will acquire a minimum of 1,000 kg/year of cannabis oils or isolates from PFX to manufacture its patented portfolio of biocannabis products. Pivot intends to supply both the Canadian and European Union markets with its suite of patented products following receipt of fitting licenses where regulations…

WednesdayAug 08, 2018 2:39 pm

CannabisNewsBreaks – Canopy Rivers Corp. Upsizes Private Placement Offering

Canopy Rivers recently announced that it has amended the terms of its best efforts private placement of subscription receipts in connection with the proposed business combination transaction involving AIM2 Ventures Inc. ("AIM2"). The business transaction is intended to result in a reverse take-over of AIM2 by Canopy Rivers. Per the revised terms of the offering, the company offered to issue and sell subscription receipts at a price of $3.50 each for total gross proceeds of up to $104,125,000. The securities have not been and will not be offered or sold within the United States. To view the full press release,…

WednesdayAug 08, 2018 10:55 am

CannabisNewsBreaks – PreveCeutical Medical Inc. (CSE: PREV) (OTCQB: PRVCF) (FSE: 18H) Unveils Medicinal Cannabis Division’s First Product Development Program

Health sciences company PreveCeutical Medical Inc. (CSE: PREV) (OTCQB: PRVCF) (FSE: 18H) this morning announced the first product development program of the company’s newly created medicinal cannabis division, which will focus on the development of cannabinoids as a preventative treatment for anxiety disorders using PreveCeutical’s proprietary Sol-gel delivery platform. Per the update, the goal of the medical cannabis division’s program is to “create an effective therapy for anxiety that can be administered subtly and infrequently, addressing concerns of currently available treatments for anxiety disorders.” According to data from the Mayo Clinic, common approaches to treating anxiety, such as the prescription…

WednesdayAug 08, 2018 10:36 am

CannabisNewsBreaks – SinglePoint, Inc. (SING) Issues Company Update

SinglePoint (OTCQB: SING) today provided a company update highlighting the company’s increased revenue, recent acquisitions and Form 10 filing with the Securities and Exchange Commission (“SEC”). Throughout the past year, the company has successfully integrated its acquisitions, which has been attributed as a key factor to the company’s increased revenues. For the first quarter of 2018, SinglePoint reported revenues of over $188,000, representing a significant increase compared to the same period of 2017. The company believes that the transparency and credibility provided by its recently filed Form 10-12G will also result in future growth. “We built a solid base throughout…

WednesdayAug 08, 2018 9:51 am

CannabisNewsBreaks – FinCanna Capital Corp. (CSE: CALI) (OTCQB: FNNZF) Advances $1M Capital Tranche to ezGreen Compliance

FinCanna Capital Corp. (CSE: CALI) (OTCQB: FNNZF), a royalty company for the U.S. licensed medical cannabis industry, this morning announced that it has advanced $1 million to its investee company, ezGreen Compliance, which offers a state-of-the-art enterprise compliance and point-of-sale software solution for licensed medical cannabis dispensaries and cultivators. Per the update, FinCanna has now advanced $1.75 million of the $3 million to be funded under the royalty agreement, which entitles FinCanna to a perpetual royalty equal to 10 percent of consolidated gross revenues of ezGreen, subject to certain buy-back options. “The ezGreen team is committed to creating state of…

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