CannabisNewsBreaks

ThursdayJul 12, 2018 9:38 am

CannabisNewsBreaks – FinCanna Capital Corp. (CSE: CALI) (OTCQB: FNNZF) Investment Executes Manufacturing and Distribution Agreement with Phoenix Tears LLC

FinCanna Capital Corp. (CSE: CALI) (OTCQB: FNNZF), a royalty company for the U.S. licensed medical cannabis industry, this morning announced that Cultivation Technologies Inc. (“CTI”), its first investment in California, has executed an agreement with Phoenix Tears LLC to be the exclusive manufacturer and distributer of official Phoenix Tears THC-based products in California. Per the update, Phoenix Tears has supported more than 200,000 individuals through its cannabis brands and products since its inception in 2010. “This agreement represents a significant step forward for CTI as they continue to build out their manufacturing, distribution and marketing businesses of cannabis and cannabis-related…

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WednesdayJul 11, 2018 10:33 am

CannabisNewsBreaks – PreveCeutical Medical Inc. (CSE: PREV) (OTCQB: PRVCF) (FSE: 18H) Issues Update on Sol-gel Program

Health sciences company PreveCeutical Medical Inc. (CSE: PREV) (OTCQB: PRVCF) (FSE: 18H) this morning issued an updated on its soluble gel (“Sol-gel”) drug delivery research and development program, which involves testing an array of cannabis strains for the development and commercialization of cannabinoid-based Sol-gels. Per the update, the program uses five distinct Cannabis sativa L. strains containing an assortment of CBD:THC concentrations, enabling the development of medicinal cannabis products tailored for a broad range of ailments and diseases. The current focus of the Sol-gel program is on preparing formulations containing fixed CBD:THC concentrations that can be utilized with a custom…

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WednesdayJul 11, 2018 9:31 am

CannabisNewsBreaks – EVIO, Inc. (EVIO) Completes MRX Labs, LLC Acquisition

EVIO, Inc. (OTCQB: EVIO), a leading provider of cannabis testing and scientific research for the regulated cannabis industry, this morning announced that it has completed its previously detailed acquisition of Oregon-based MRX Labs, LLC, an award-winning testing lab. Per the update, EVIO has acquired 100 percent of the assets of MRX Labs, including equipment, real estate, customer lists, customer contracts, rental agreements and equipment leases. EVIO Labs Portland intends to relocate its personnel and license to the former MRX Labs Tigard location, and the new lab will operate as EVIO Labs Portland. “We are happy to have completed this transaction…

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TuesdayJul 10, 2018 3:10 pm

CannabisNewsBreaks – As Legalization Approaches in Canada, Hiku Brands Co. Ltd. (CSE: HIKU) (OTC: DJACF) Subsidiary Takes a Look Back at The History of Cannabis

DOJA Cannabis Ltd., a wholly-owned subsidiary of Hiku Brands Co. Ltd. (CSE: HIKU) (OTC: DJACF), recently posted a blog update detailing the history of Cannabis in British Columbia. Dating all the way back to the 1600s, hemp has proven to be a valuable crop in the Canadian Province. Per the article, hemp was grown in parts of Canada since the 1600s as a cash crop, providing the British Navy with material for rope and sails. Years later, doctors praised extracts of the plant for positive effects in treating medical conditions. However, Canada prohibited cannabis in the 1920s, along with other…

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TuesdayJul 10, 2018 12:35 pm

CannabisNewsBreaks – Earth Science Tech, Inc. (ETST) Provides Update on CBD Patent Formulas

Earth Science Tech (OTC: ETST), an innovative biotech company focused on the cannabidiol (“CBD”), nutraceutical and pharmaceutical fields, this morning issued a release detailing the progression of the company’s CBD IP patent formula development program. The company is currently developing three new CBD formulas, one of which is a new type of superfood with unique organoleptic properties formulated from a mix of hemp oil and other vegetal oil(s) and enriched with a highly potent antioxidant. This product is designed to improve the individual’s antioxidant ingestion. The remaining two unique CBD formula products are comprised of a neuron protector and a…

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TuesdayJul 10, 2018 12:12 pm

CannabisNewsBreaks – EVIO, Inc. (EVIO) Expands California Footprint with New Lease Agreement

EVIO, Inc. (OTCQB: EVIO), a leading provider of cannabis testing and scientific research for the regulated cannabis industry, this morning announced that it has expanded its footprint by signing a five-year lease agreement for a 7,370 square foot facility in Palm Desert, California. Per the update, the new facility is centrally located near Desert Hot Springs and Coachella, strategically positioning the company amongst the largest cultivators in Southern California. “Desert Hot Springs was the first city in Southern California to legalize large-scale medical marijuana cultivation causing the area surrounding our Palm Desert location to be inundated by cannabis growers and…

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TuesdayJul 10, 2018 11:21 am

CannabisNewsBreaks – NUGL Inc. (NUGL) Appoints New CFO

Marijuana-focused search engine and online directory company NUGL Inc. (OTC: NUGL) this morning announced that it has hired Thomas Bouse, CPA, as its new chief financial officer. Bouse will replace NUGL CEO Brandon Vargas, who has been serving as the company’s interim CFO, in this position. “Tom has an extensive background with corporate taxes. He also understands how to manage a company’s tax flow in rapid growth modes,” Vargas stated in the news release. Per the update, Bouse is the founder and owner of Pacific Rim Tax and Accounting, headquartered in Huntington Beach, California. He brings more than two decades…

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TuesdayJul 10, 2018 10:37 am

CannabisNewsBreaks – Choom Holdings Inc. (CSE: CHOO) (OTCQB: CHOOF) Appoints New Director of Sales

British Columbia-based cannabis cultivation firm Choom Holdings Inc. (CSE: CHOO) (OTCQB: CHOOF) this morning announced the appointment of Aussie Jiwani to the company’s management team as Director of Sales. Jiwani will be a vital member of the Choom team as the company continues to advance toward being a top cannabis retailer for the recreational market in Canada. "We are thrilled to bring Mr. Jiwani on board as we continue to grow and strengthen our position in the recreational cannabis market coming this October. Mr. Jiwani brings an abundance of knowledge and experience in respect to the sale and retail of…

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TuesdayJul 10, 2018 10:08 am

CannabisNewsBreaks – Sunniva Inc. (CSE: SNN) (OTCQX: SNNVF) Announces Plans to Spin Out and List Canadian Assets

Sunniva (CSE: SNN) (OTCQX: SNNVF), a vertically integrated cannabis company, this morning announced that it plans to spin out its Canadian assets into a separate Canadian entity and to apply to list the shares on the Toronto Stock Exchange (“TSX”) and the NASDAQ Stock Market (“NASDAQ”). Per the update, the purpose of the transaction is to attain the underlying value of Sunniva’s assets on both sides of the border. Upon completion of the spinout transaction, which is subject to various conditions such as shareholder and exchange approval, Canadian assets would include Sunniva Medical Inc. (“SMI”), which is currently building the…

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TuesdayJul 10, 2018 9:33 am

CannabisNewsBreaks – FinCanna Capital Corp. (CSE: CALI) (OTCQB: FNNZF) Executes Expanded Royalty Agreement with Refined Resin Technologies Inc.

FinCanna Capital Corp. (CSE: CALI) (OTCQB: FNNZF), a royalty company for the U.S. licensed medical cannabis industry, this morning announced that it has executed an expanded royalty agreement with Refined Resin Technologies Inc., formerly known as Gram Co Holdings LLC, of Oakland, California. Per the terms of the agreement, FinCanna will fund $3 million in tranches to complete the original royalty agreement transaction that was previously announced under a binding term sheet in February 2018. In return, the company will receive a tiered corporate royalty ranging from five to 14 percent of Refined Resin’s annual revenues, based upon predetermined benchmarks.…

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