CannabisNewsBreaks Archive - Page 380 of 420

ThursdayJan 11, 2018 10:50 am

CannabisNewsBreaks – Global Payout, Inc. (GOHE) Subsidiary Outlines Plans for Cannabis-Focused Token Offering

Payment solutions company Global Payout, Inc. (OTC: GOHE), through majority-owned subsidiary MoneyTrac Technology, Inc. (“MTRAC”), this morning announced that, by way of a variety of key strategic partnerships established in recent months, it has effectively positioned itself to move forward with the co-launch of its regulatory compliant token offering. Expected to launch in the first quarter of 2018, the token will be aimed at offering businesses in the booming cannabis industry an effective, decentralized payment system in an effort to combat the market’s longstanding payment restrictions. “MoneyTrac's primary objective has been, and will continue to be, to serve the legitimate…

ThursdayJan 11, 2018 10:18 am

CannabisNewsBreaks – Medical Cannabis Payment Solutions (REFG) Announces Plans to Accept Bitcoin Payments

Cannabis-focused financial services company Medical Cannabis Payment Solutions (OTC: REFG) this morning announced plans to begin processing payments in bitcoin. Per the update, this development goes beyond the current version of the company’s merchant app, which is available to state-licensed marijuana establishments. “The payment system will offer a unique Bitcoin payment option enabling consumers to easily use the digital currency to make purchases,” Sean Hullinger, chief legal officer of Medical Cannabis Payment Solutions, stated in the news release. “This process allows stores to accept not only electronic payments in US dollars, but also digital currency (instead of cash only). We…

WednesdayJan 10, 2018 11:57 am

CannabisNewsBreaks – Marijuana Company of America, Inc. (MCOA) and Global Hemp Group Announce Results from First Phase of Industrial Hemp Project

Marijuana Company of America, Inc. (OTC: MCOA), alongside Global Hemp Group, Inc. (OTC: GBHPF) (CSE: GHG), this morning released a final report summarizing the first phase of the two companies’ industrial hemp project in New Brunswick, Canada. Per the update, the partners successfully cultivated industrial hemp during the 2017 growing season in an effort to ensure that the plant could be productive under New Brunswick growing conditions. In preparation for proposed changes to Canadian legislation that will permit cannabidiol extraction from industrial hemp, the partners have now turned their attention toward the next season of crops, with a minimum of…

WednesdayJan 10, 2018 11:55 am

CannabisNewsBreaks – Skinvisible, Inc. (SKVI) and Quoin Pharmaceuticals to Provide Opioid-free Pain Relief Solution

Topical and transdermal product development company Skinvisible (OTCQB: SKVI), through its recently entered non-binding merger agreement with Quoin Pharmaceuticals Limited, is planning to create a solution to the opioid crisis that is currently plaguing America. An article discussing this reads: “In response to the substance abuse epidemic sweeping the nation, Congress passed the 21st Century Cures Act, which was signed into law by President Obama in December 2016. The legislation allocates over $1 billion to a variety of programs, some of which will attempt to wean patients away from addictive opium derivatives, a push unlikely to cause any degradation in…

WednesdayJan 10, 2018 11:08 am

CannabisNewsBreaks – SinglePoint, Inc. (SING) Teams with Kevin Harrington to Launch National TV Campaign

Specialized holding company SinglePoint, Inc. (OTC: SING) this morning announced a long-term global collaboration with Kevin Harrington, an original ‘shark’ on the hit TV show Shark Tank and creator of the ‘As Seen on TV’ industry. As part of this partnership, Harrington will work hand-in-hand with SinglePoint to launch a range of services in the company’s cryptocurrency division. “Kevin’s legendary work producing the launch of more than 500 products is just one of the many reasons we are thrilled about this partnership,” Wil Ralston, president of SinglePoint, stated in the news release. “Impressively, 20 of Kevin’s companies have each topped…

TuesdayJan 09, 2018 12:22 pm

CannabisNewsBreaks – Global Payout, Inc. (GOHE) Subsidiary Enters Marketing Agreement with High Grade Management Group, Inc.

Payment solutions company Global Payout, Inc. (OTC: GOHE), through majority-owned subsidiary MoneyTrac Technology, Inc. (“MTRAC”), this morning announced that it has executed a sales and marketing management agreement with High Grade Management Group, Inc. (“HGMG”) to guide the development and implementation of a sales and marketing campaign in support of the launch of HGMG’s Apple Vapes products, a line of high-quality vape pens, chargers and oils. “This Agreement is an excellent opportunity for MoneyTrac to play a strategic role in developing effective brand awareness for HGMG's Apple Vapes product line,” Vanessa Luna, CEO of MTRAC, stated in the news release.…

TuesdayJan 09, 2018 11:47 am

CannabisNewsBreaks – DOJA Cannabis Company Ltd. (CSE: DOJA) (OTC: DJACF) Completes $12.5 Million Private Placement

Premium cannabis lifestyle brand DOJA Cannabis Company Ltd. (CSE: DOJA) (OTC: DJACF) this morning announced the closing of its previously outlined non-brokered private placement of subscription receipts, whereby Aphria Inc. (TSX: APH) (OTC: APHQF) and Koicha Partners LP acquired from DOJA an aggregate of roughly nine million subscription receipts at a price per unit of $1.39, generating gross proceeds of $12.5 million. Per the update, this financing is intended to support the strategic positioning of Hiku Brands Company Ltd., the anticipated combined company resulting from the merger of DOJA and Tokyo Smoke. “We're thrilled to have strategic partners in Aphria…

TuesdayJan 09, 2018 10:08 am

CannabisNewsBreaks – Veritas Pharma Inc. (CSE: VRT) (OTC: VRTHF) (FRT: 2VP) Responds to Cole Memo Repeal

Emerging-stage pharmaceutical and IP development company Veritas Pharma Inc. (CSE: VRT) (OTC: VRTHF) (FRT: 2VP) this morning issued a follow-up statement to the memorandum issued by Attorney General Jeff Sessions on January 4, 2018, concerning marijuana enforcement and the repeal of the Cole Memo. In the update, Veritas noted that the AG’s decision largely relates to the recreational cannabis marketplace, in which individual states have allowed sales over the last 24 months. Conversely, the company notes, it does not affect the medical cannabis marketplace. As such, Veritas intends to build on its commitment to advancing the science of medical cannabis…

MondayJan 08, 2018 12:39 pm

CannabisNewsBreaks – SinglePoint, Inc. (SING) Serving Two Major Markets Through SingleSeed Subsidiary

Full-service mobile technology provider SinglePoint (OTC: SING) is engaged in providing solutions to the booming legal cannabis industry as well as the burgeoning cryptocurrency market. An article discussing this reads: “SinglePoint, through subsidiary SingleSeed, has established a proprietary credit-debit card payment processing platform that utilizes bitcoin rather than conventional bank-held currency. While not specific to any industry, with blockchain technology’s capability to create efficiencies in any sector, SinglePoint’s innovative SingleSeed app is designed to provide an alternative payment solution to the unbanked cannabis market. The platform, soft-launched last November with expected full launch in the first quarter of 2018, was…

MondayJan 08, 2018 12:34 pm

CannabisNewsBreaks – Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) CEO Recaps 2017 Highlights

Lexaria Bioscience Corp. (CSE: LXX) (OTCQB: LXRP), a biosciences company that has developed delivery technologies to improve absorption of bioactive compounds, this morning announced the release of a 2017 year-end summary penned by CEO Chris Bunka. The release highlights what Bunka refers to as Lexaria’s “busiest and most productive” year to date, including details about the company’s progress toward strengthening its balance sheet, ongoing research and development efforts related to its patented DehydraTECH™ absorption and palatability enhancing technology, its preparations for increased demand in both Californian and Canadian markets and its ongoing efforts to strengthen its intellectual property portfolio. Bunka…

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