CannabisNewsBreaks

ThursdayMay 03, 2018 11:50 am

CannabisNewsBreaks – PreveCeutical Medical Inc. (CSE: PREV) (OTCQB: PRVCF) (FSE: 18H) Obtains Additional Permits from Australian Government for Cannabis Importation

Health sciences company PreveCeutical Medical (CSE: PREV) (OTCQB: PRVCF) (FSE: 18H) this morning announced that it has been granted two additional permits by the Australian Government, Department of Health, for the importation of a second shipment of cannabis plant materials for research purposes and the shipment of dried cannabis materials in accordance with the permits. The permits, which have been granted to the Pharmacy Australia Centre of Excellence (“PACE”) at the University of Queensland, enable PACE to import cannabis plant material shipments for research purposes. The company’s Canadian licensed producer partner also obtained the mandatory Canadian permits to export their…

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ThursdayMay 03, 2018 11:22 am

CannabisNewsBreaks – Choom Holdings Inc. (CSE: CHOO) (OTCQB: CHOOF) Announces Close of Island Green Cure Acquisition

British Columbia-based cannabis cultivation firm Choom Holdings Inc. (CSE: CHOO) (OTCQB: CHOOF) this morning announced that it has closed its acquisition of Island Green Cure Ltd. (“IGC”), an advanced-stage cannabis production license applicant under Health Canada’s Access to Cannabis for Medical Purposes Regulations. Pursuant to the closing, Choom will issue eight million common shares to the shareholders of IGC and 500,000 common shares to a finder. In a January news release detailing the IGC acquisition, Chris Bogart, president and CEO of Choom, stated, “Upon completion of the tenant improvements, [Island Green Cure Ltd.] will submit its evidence package to Health…

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ThursdayMay 03, 2018 11:06 am

CannabisNewsBreaks – Sunniva Inc. (CSE: SNN) (OTCQX: SNNVF) Chooses Okanagan Falls Property for Canadian Facility

Vertically integrated medical cannabis company Sunniva (CSE: SNN) (OTCQX: SNNVF) this morning announced that after reviewing several options, it has chosen a 126 acre Okanagan Falls, British Columbia site to build its Canadian facility. Sunniva Medical Inc., a wholly-owned subsidiary of the company, has entered into a purchase and sale agreement to obtain the entire 126-acre industrial zoned property for $7 million. Closing of the acquisition is conditional to certain due diligence items and other conditions customary in transactions of this nature, although the company’s preliminary due diligence review of the property has been completed. Close of the transaction is…

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ThursdayMay 03, 2018 10:30 am

CannabisNewsBreaks – EVIO, Inc. (EVIO) Subsidiary Closes Acquisition of Stake in Keystone Labs Inc.

EVIO, Inc. (OTCQB: EVIO), a leading provider of cannabis testing and scientific research for the regulated cannabis industry, this morning announced that its wholly owned Canadian subsidiary, EVIO Canada, has closed its acquisition of 50% stake in Keystone Labs Inc., a privately held Heath Canada accredited testing facility with a GMP establishment license. "We are excited to have completed this transaction and add Keystone Labs to our portfolio," William Waldrop, CEO of EVIO, stated in the news release. "In Canada, cannabis is federally legal, however, there is a limited number of testing facilities licensed to provide services. Keystone Labs has…

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ThursdayMay 03, 2018 9:43 am

CannabisNewsBreaks – ABcann Global Corp. (TSX.V: ABCN) (OTCQB: ABCCF) Issues Update Detailing 2018 Growth Strategy

Pharmaceutical-grade cannabis company ABcann Global Corp. (TSX.V: ABCN) (OTCQB: ABCCF) this morning issued a business update. “Over the past two quarters, we have enhanced our leadership team, strengthened our balance sheet, improved operational effectiveness, and made significant commercial advancements,” Barry Fishman, CEO of ABcann, stated in the news release. “ABcann is well-positioned, with approximately $130 million in cash, to accelerate the growth of our business.” Per the update, the company’s management team has formulated a growth strategy for 2018 that is focused on several key areas, including expansion of its production capacity, a go-to-market strategy that centers on rebranding the…

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ThursdayMay 03, 2018 9:30 am

CannabisNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) Announces Engagement of CFN Media Group

Cannabis-focused research and development company The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) this morning announced that it has engaged CFN Media Group, the leading agency and financial media network dedicated to the North American cannabis industry, to conduct a six-month investor market visibility program to begin on May 3, 2018. “The Green Organic Dutchman is preparing to commercialize one of the largest land packages in Canada in conjunction with leading industry alliance partners like Eaton, Ledcor, and Aurora Cannabis,” Frank Lane, president of CFN Media, stated in the news release. “The company is building a 970,000 sq. ft. facility…

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ThursdayMay 03, 2018 9:22 am

CannabisNewsBreaks – Global Payout, Inc. (GOHE) Announces MoneyTrac Technology’s New Office Space in Las Vegas

Payment solutions company Global Payout, Inc. (OTC: GOHE) this morning announced that MoneyTrac Technology, Inc. (“MTRAC”), a company in which GOHE currently holds an 18 percent ownership stake, recently announced that it has transitioned into a significantly larger and more resourceful call center location in Las Vegas, NV, through its sublease with GOHE. The transition is the result of MTRAC’s efforts to grow its inside sales, marketing, and customer care departments in Las Vegas. The new location doubles MTRAC’s potential capacity, providing enough space to add up to 25 sales and customer support representatives. The new office space will also…

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WednesdayMay 02, 2018 11:02 am

CannabisNewsBreaks – Pivot Pharmaceuticals Inc. (CSE: PVOT) (OTCQB: PVOTF) (FRA: NPAT) Targets Several Indications with Wide-ranging Product Pipeline

Vancouver-based biopharmaceutical company Pivot Pharmaceuticals (CSE: PVOT) (OTCQB: PVOTF) (FRA: NPAT) that currently has numerous pharmaceutical and nutraceutical products in its development pipeline. An article discussing the company reads: “Pivot has a number of products in its pipeline that are in various stages of development. These target therapies for pain, inflammation, dermatology, eye disease and cancer supportive care. PGS-N005 is a cannabidiol (CBD)-based topical cream to treat female sexual dysfunction, a disorder that is estimated to affect up to 63 percent of women in the United States (http://cnw.fm/vhE86). The market for female sexual dysfunction disorder therapies is estimated to be…

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WednesdayMay 02, 2018 9:34 am

CannabisNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) Begins Trading on the Toronto Stock Exchange

Cannabis-focused research and development company The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) this morning announced that it has successfully completed an initial public offering of 31.51 million units for total gross proceeds of more than $115 million. Each unit consists of one common share and one-half of one common share purchase warrant. Each warrant is exercisable into one common share of the company at the price of $7.00 per share for a period of two years, subject to an acceleration right. Per the update, Aurora Cannabis Inc. (TSX: ACB) (OTCQX: ACBFF) elected to exercise its full participation right in…

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TuesdayMay 01, 2018 3:25 pm

CannabisNewsBreaks – Medical Cannabis Payment Solutions (REFG) Meets the Demand for an Effective, Cannabis-focused Banking Solution

Medical Cannabis Payment Solutions (OTC: REFG), through its Take.Green website, offers unique comprehensive card processing operations for the medical marijuana industry. An article discussing the website reads: “The interest and activity generated by its new online application process has greatly exceeded REFG’s expectations. The dramatic increase in web traffic reveals the market demand for this efficient, cannabis-focused banking solution. Merchants sign up directly on the Take.Green website (http://cnw.fm/G3PsT) through a quick and easy process, allowing customers and patients to link directly to a checking account at any U.S. bank. Customers are able to purchase medical cannabis with electronic funds, eliminating…

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