CannabisNewsBreaks

FridayApr 20, 2018 9:34 am

CannabisNewsBreaks – SinglePoint, Inc. (SING) President and CEO Discuss Company Activity on MoneyTV

Specialized holding company SinglePoint, Inc. (OTCQB: SING) was a featured company this week on an episode of MoneyTV with Donald Baillargeon, an internationally syndicated television program discussing “money and what makes it happen.” In the episode, SinglePoint CEO Greg Lambrecht and president Wil Ralston discuss presenting at the upcoming Equities Conference, as well as the company’s completed audits, Nasdaq target, and acquisition activity. “2018 is going to be huge year for SinglePoint in terms of acquisitions. We've also got a lot going on internally with internal project development such as our LastMile delivery application and some of our blockchain solutions…

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ThursdayApr 19, 2018 11:34 am

CannabisNewsBreaks – EVIO, Inc. (EVIO) Launches Canadian Subsidiary, Enters Binding Agreement to Acquire Stake in Cannabis Testing Facility

EVIO, Inc. (OTCQB: EVIO), a leading provider of cannabis testing and scientific research for the regulated cannabis industry, this morning announced the establishment of a new and wholly-owned subsidiary, EVIO Canada, which will serve as the parent company for EVIO’s Canadian operations. Concurrently, EVIO Canada announced today that it has entered into a binding agreement to acquire 50 percent of Keystone Labs Inc., a privately held, independent contract-testing laboratory specializing in quality testing for regulated industries located in Edmonton, Alberta. “Keystone Labs is one of 37 laboratories licensed by Health Canada and one of only three laboratories that hold both…

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ThursdayApr 19, 2018 10:24 am

CannabisNewsBreaks – Hiku Brands Co. Ltd. (CSE: HIKU) (OTC: DJACF) and WeedMD, Inc. (TSX-V: WMD) (OTC: WDDMF) (FSE: 4WE) Enter Agreement to Merge

Canada’s first vertically-integrated cannabis brand house Hiku Brands Co. Ltd. (CSE: HIKU) (OTC: DJACF), along with WeedMD Inc. (TSX-V: WMD) (OTC: WDDMF) (FSE: 4WE), this morning announced that the companies have entered into a definitive agreement to merge the two companies. Upon completion of the transaction, existing Hiku and WeedMD shareholders will own roughly 51.75% and 48.25% of the combined company, respectively, on a fully-diluted basis. Common shares of the resulting entity are anticipated to be listed on the TSX Venture Exchange, subject to regulatory approvals. Hiku and WeedMD are hosting a conference call on Friday, April 20, 2018 beginning at 10…

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ThursdayApr 19, 2018 10:17 am

CannabisNewsBreaks – Global Payout, Inc. (GOHE) Announces MoneyTrac Technology’s Planned Attendance at San Diego EarthFair

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, will be in attendance at the 2018 San Diego EarthFair, which is scheduled to take place this Sunday, April 22, 2018, at Balboa Park. Per the update, EarthFair is the largest free environmental event in the world, and it will feature Cannabis Village, an area dedicated to the promotion of safe and effective consumption of cannabis and hemp products. EarthFair is expected to host 300 exhibitors and attract a crowd of up…

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ThursdayApr 19, 2018 9:42 am

CannabisNewsBreaks – Sunniva Inc. (SNNVF) Announces Plans to Release FY2017 Results on April 24

Vertically integrated medical cannabis company Sunniva Inc. (OTCQX: SNNVF) yesterday announced plans to release its fiscal results for the fourth quarter and year ended December 31, 2017, after market close on Tuesday, April 24, 2018. Per the update, the company’s executive management team will discuss the results during a conference call on Wednesday, April 25, 2018, at 11:30 am Eastern Time. Those interested in participating in this call can dial 1-800-319-4610 or 604-638-5340. An audio replay of the call will also be made available for two weeks following its conclusion. To access this replay, interested parties should dial 1-855-669-9658 or…

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ThursdayApr 19, 2018 9:10 am

CannabisNewsBreaks – Choom Holdings Inc. (CSE: CHOO) (OTCQB: CHOOF) Inks Definitive Agreement to Acquire Island Green Cure Ltd.

British Columbia-based cannabis cultivation firm Choom Holdings (CSE: CHOO) (OTCQB: CHOOF) this morning announced that it has entered into a definitive agreement to acquire Island Green Cure Ltd. ("IGC"), an advanced-stage cannabis production license applicant under Health Canada's Access to Cannabis for Medical Purposes Regulations (“ACMPR”). IGC is currently in the "Confirmation of Readiness Stage" in the application process. Subject to customary closing conditions, the acquisition is anticipated to close at the end of April. "We are excited to secure our second acquisition and increase our total production capacity with another craft growing facility to cultivate Choom's premium handcrafted flower.…

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WednesdayApr 18, 2018 2:34 pm

CannabisNewsBreaks – Medical Cannabis Payment Solutions (REFG) Unveils Plans to Offer Bank Accounts to Licensed MMJ Establishments

Cannabis-focused financial services company Medical Cannabis Payment Solutions (OTC: REFG) today announced that it will begin offering bank accounts to qualified and licensed medical marijuana establishments. Per the update, the company’s website, www.Take.green, will soon be updated to allow online applications for banking services. “State licensed medical marijuana establishments should not be sidelined out of the basic banking services they need because of flaws and limitations to our federal medical marijuana policy,” Jeremy Roberts, CEO of REFG, stated in the news release. “Because of our end-to-end payment system, our successful government relations program, our focus on regulatory compliance, we believe…

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WednesdayApr 18, 2018 9:42 am

CannabisNewsBreaks – SinglePoint, Inc. (SING) Enters LOI to Acquire Phoenician Engineering

Specialized holding company SinglePoint, Inc. (OTCQB: SING) this morning announced its entry into a letter of intent to wholly acquire Phoenix-based Phoenician Engineering, a provider of both consumer and commercial grade equipment. Phoenician’s main products include medical grade grinders for consumers, which are currently available in dispensaries throughout America. Per the update, Phoenician currently has nine issued patents, three trademarks and additional patents pending, offering an opportunity for SinglePoint to expand its IP portfolio and add to its growing asset class. “We are ready to close this deal,” Greg Lambrecht, CEO of SinglePoint, stated in the news release. “We have…

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WednesdayApr 18, 2018 9:19 am

CannabisNewsBreaks – Marijuana Company of America, Inc. (MCOA) Joint Venture Completes First Phase of Greenhouse Construction

Innovative hemp and cannabis corporation Marijuana Company of America, Inc. (OTC: MCOA) this morning announced that its joint venture project, BV-MCOA Management, LLC, has completed the construction of three greenhouses totaling 7,000 square feet. Per the update, this milestone represents the completion of more than 23 percent of the total 30,000-square-foot cultivation facility. “We are pleased to see the completion of the first phase of the greenhouse facilities,” Donald Steinberg, CEO of MCOA, stated in the news release. “Once the security system is in place, we are confident the site will pass final inspection allowing our tenant-growers to occupy the…

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TuesdayApr 17, 2018 11:10 am

CannabisNewsBreaks – Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) Reports Positive Topline Results from DehydraTECH™ Absorption Study

Drug delivery platform innovator Lexaria Bioscience Corp. (CSE: LXX) (OTCQB: LXRP) this morning announced positive topline results following the completion of its first ingestible nicotine in vivo absorption study. The company is pursuing the use of its patented DehydraTECH™ technology as a new nicotine delivery method. The delivery method, in the form of an edible dose absorbed through the gastrointestinal tract, could potentially serve as a nicotine replacement therapy or as an alternative product format for regular tobacco users. Among other highlights, DehydraTECH™ demonstrated major nicotine absorption performance improvements including 1,160% faster delivery of equivalent peak quantities of nicotine to…

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