CannabisNewsBreaks

FridayMar 16, 2018 9:59 am

CannabisNewsBreaks – Medical Cannabis Payment Solutions (REFG) Launches Banking and Financial Processing System

Cannabis-focused financial services company Medical Cannabis Payment Solutions (OTC: REFG) this morning announced the launch of its banking and financial processing system, making its services available to the complete legal cannabis industry worldwide. State licensed marijuana establishments may sign up through the company’s website. The company’s advanced payment solution, Green, currently allows consumers to buy items using US currency and will soon allow Bitcoin. “As we’ve stated in previous announcements, we continue to believe our best-in-class security, regulatory compliance and pricing give us a huge competitive advantage,” Medical Cannabis Payment Solutions CEO Jeremy Roberts stated in the news release. To…

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FridayMar 16, 2018 9:58 am

CannabisNewsBreaks – PreveCeutical Medical Inc. (CSE: PREV) (OTCQB: PRVCF) (FSE: 18H) Incorporates Australian Subsidiary

Health sciences company PreveCeutical Medical Inc. (CSE: PREV) (OTCQB: PRVCF) (FSE: 18H) this morning announced the incorporation of its first Australian wholly owned subsidiary, PreveCeutical (Australia) Pty Ltd. Per the update, the company’s decision to incorporate a subsidiary in Australia was influenced by the nation’s strong foundation of academic and clinical research, as well as the government’s commitment to supporting innovation through a range of programs and incentives. “Establishing a business presence in Australia will allow PreveCeutical to better access expertise and partnerships for its drug development programs,” Dr. Maher Khaled, PreveCeutical’s director of international operations, stated in the news…

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FridayMar 16, 2018 9:29 am

CannabisNewsBreaks – ABcann Global Corp. (TSX.V: ABCN) (OTCQB: ABCCF) Announces Resignation of Ken Clement

ABcann Global Corp. (TSX.V: ABCN) (OTCQB: ABCCF), a pharmaceutical-grade cannabis company with production and sales licenses from Health Canada, this morning announced that its founder and director, Ken Clement, has resigned from its board of directors. “On behalf of the Board, we thank Ken for his vision in starting the company and growing it from a start-up organization into a well-funded publicly-traded licensed producer with a bright future,” Paul Lucas, chairman of ABcann, stated in the news release. “We wish Ken well in his future endeavours.” To view the full press release, visit http://cnw.fm/riDc3 About ABcann Global Corp. ABcann holds…

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FridayMar 16, 2018 9:27 am

CannabisNewsBreaks – SinglePoint, Inc. (SING) CEO Discusses Roth Capital Conference on MoneyTV

Specialized holding company 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 recent appearance at the Roth Capital Conference in Orange County, California. Lambrecht noted that the company experienced investor interest during the conference regarding its recently announced effort to create the cannabis industry’s first waste diversion program. “That’s really a first mover on our part, and of course, we’ve hired experts in that field to put…

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ThursdayMar 15, 2018 10:01 am

CannabisNewsBreaks – PotNetwork Holding, Inc. (POTN) Subsidiary Records Over $2M in February Sales Revenue

PotNetwork Holding, Inc. (OTC: POTN), through wholly-owned subsidiary Diamond CBD, Inc., this morning announced that it generated over $2 million in sales for the month of February, greatly exceeding last year’s total of $472,000 for the same interval. This figure was bolstered by the company’s presence at the 37th CHAMPS Trade Show, which took place on February 19-21. Per the release, Diamond CBD received interest from over 250 new wholesale distributors at the conference, recording $270,000 in sales in just three days. This sustained revenue growth has caught the attention of multiple equity research firms. Harbinger Research (http://cnw.fm/zMPQ4) initiated coverage…

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ThursdayMar 15, 2018 9:53 am

CannabisNewsBreaks – Global Payout, Inc. (GOHE) Subsidiary Soft Launches MTRAC Banking Solution for the Cannabis Industry

Global Payout (OTC: GOHE) this morning announced that its wholly owned subsidiary, MoneyTrac Technology, Inc., has begun the soft launch of MTRAC. MTRAC is a full-service banking solution driven by software technology features that MoneyTrac acquired through its joint venture with GreenBox. The advanced E-Wallet cash loading machine is backed by blockchain technology that MoneyTrac will leverage to bring to market an intuitive system that offers consumers and retailers in the cannabis industry an alternative to cash payment transactions. "MTRAC is the culmination of months of work and collaboration between GreenBox and MoneyTrac, and we are excited to begin the…

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WednesdayMar 14, 2018 3:12 pm

CannabisNewsBreaks – Medical Cannabis Payment Solutions (REFG) Delivers Innovative Solutions to Cash-handling Issues in the Cannabis Industry

Cannabis-focused financial services company Medical Cannabis Payment Solutions (OTC: REFG) has created savvy innovations and fast-developing systems to solve cash-handling problems. An article discussing the company’s solution reads: “Medical Cannabis Payment Solutions (OTC: REFG) boasts an industry first. Through a state-of-the-art financial services system that is easy to set up and simple to use, the company’s solution to cannabis banking has shown how to solve cash-handling issues, offering electronic payment and e-commerce features. This gives the marijuana business direct and immediate access to funds while still complying with all federal (FinCEN) laws aimed at combatting both domestic and international money…

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WednesdayMar 14, 2018 3:05 pm

CannabisNewsBreaks – ChineseInvestors.com, Inc. (CIIX) Targets Chinese-Speaking Consumers in CBD Market through Online Platform

Market analysis company ChineseInvestors.com (OTCQB: CIIX), through its online platform ChineseCBDoil.com, offers a variety of nutritional supplements containing CBD marketed to Chinese-speaking customers worldwide. An article discussing the company reads: “Having recognized the unprecedented opportunities that lie within the American cannabis industry, the company started laying the foundations to capitalize on the ever-growing demand for cannabidiol-based nutrition and health products. The end of 2016 marked the company’s implementation of plans for its new website, its mobile application and its online distribution of CBD oils for the booming global industry of medical marijuana. Although marijuana use is illegal within the borders…

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WednesdayMar 14, 2018 11:44 am

CannabisNewsBreaks – Liberty Leaf Holdings Ltd. (CSE: LIB) (OTCQB: LIBFF) (FSE: HN3P) and Blox Labs, Inc. (CSE: BLOX) (OTC: BLLXF) Complete Preliminary Input and Analysis in Phase One Development of cannaBLOX

Liberty Leaf Holdings Ltd. (CSE: LIB) (OTCQB: LIBFF) (FSE: HN3P) is working in partnership with Blox Labs, Inc. (CSE: BLOX) (OTC: BLLXF) to create cannaBLOX, a blockchain-based software smart contract platform for the legalized cannabis industry. An article discussing the joint development reads: “Liberty Leaf Holdings Ltd. (CSE: LIB) (OTCQB: LIBFF) (FSE: HN3P) and Blox Labs, Inc. (CSE: BLOX) (OTC: BLLXF) have announced progress on their joint development of phase one of cannaBLOX, the blockchain-based smart contract platform for the legalized cannabis industry (http://cnw.fm/4DmPU). … Blox Labs is working to complete its white paper on cannaBLOX, and a satellite development…

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TuesdayMar 13, 2018 10:57 am

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

Lexaria Bioscience (CSE: LXX) (OTCQB: LXRP) this morning said that it has completed the first study evaluating DehydraTECH™ used in a topical cream formulation for absorption of cannabidiol ("CBD") through human skin. Compared to control formulations, significant increases in the speed and quantity of CBD absorption through skin were proven in the study. Several factors were measured during the study at multiple testing intervals over a 48-hour duration, including the time required to detect CBD skin penetration and quantity as well as the peak amounts of CBD absorbed.  Lexaria's DehydraTECH-enabled topical formulation without the addition of either of the commercial…

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