CannabisNewsBreaks Archive - Page 384 of 428

ThursdayFeb 01, 2018 3:13 pm

CannabisNewsBreaks – EVIO, Inc. (EVIO) Secures Over $5.9M in New Financing to Fund Expansion

EVIO (OTCQB: EVIO), a life sciences company and leading provider of quality control testing and advisory services to the regulated cannabis industry, this morning said it has successfully closed its latest round of financing totaling $5,973,000. The capital raise exceeded EVIO management’s original goal of only raising $3 million to finance the company’s expansion in California. The company intends to use the additional funds toward increasing its infrastructure through California and to fuel an expansion into multiple states throughout the US, rapidly increasing its national footprint. To view the full press release, visit http://cnw.fm/sNGV5 About EVIO, Inc. EVIO, Inc. is…

ThursdayFeb 01, 2018 11:13 am

CannabisNewsBreaks – Earth Science Tech, Inc. (ETST) Expands Executive Leadership Team

Science-based biotechnology company Earth Science Tech, Inc. (OTC: ETST) this morning announced its appointment of multiple new additions to its executive leadership team. Jill Buzan, an established veteran of the natural product sales industry, will serve as the company’s new chief sales officer. Since beginning her career as a sales rep and broker in 1995, Buzan has pioneered many brands, such as Gaia Herbs, Natural-Immunogenics and Sunwarrior, and helped them become leaders in their respective industries. Wendell Hecker will serve as ETST’s new chief financial officer. He brings more than 30 years of corporate experience to the company, including extensive…

ThursdayFeb 01, 2018 10:26 am

CannabisNewsBreaks – ABcann Global Corp. (TSX.V: ABCN) (OTCQB: ABCCF) Acquires Harvest Medicine Inc.

ABcann Global Corp. (TSX.V: ABCN) (OTCQB: ABCCF) this morning announced that it has completed its acquisition of Harvest Medicine Inc. pursuant to the terms of a share purchase agreement dated January 31, 2018. Per the update, the acquisition was completed in consideration for, among other things, a cash payment of $1.5 million, the issuance of 1,056,338 common shares in the capital of the company and additional post-closing consideration related to certain performance milestones, including patient revenue and profitability metrics. Moving forward, Harvest Medicine will operate as a wholly-owned subsidiary of ABcann, but it will maintain its commitment to being an…

WednesdayJan 31, 2018 2:58 pm

CannabisNewsBreaks – Organigram Holdings, Inc. (TSX.V: OGI) (OTCQB: OGRMF) Closes $115M Convertible Debenture Offering

Organigram Holdings (TSX.V: OGI) (OTCQB: OGRMF) this morning said that is has closed its short form prospectus offering of convertible unsecured debentures of the company on a bought deal basis, including the full exercise of the over-allotment option. A total of 115,000 convertible debentures were sold during the offering at a price of $1,000 each, resulting in gross proceeds of $115,000,000 to the company. Organigram intends to use the proceeds from the offering to support the strengthening of its stance within the Canadian and global cannabis markets. The securities have not been and will not be offered or sold within…

WednesdayJan 31, 2018 11:14 am

CannabisNewsBreaks – PotNetwork Holding, Inc. (POTN) Subsidiary Exhibiting at TPE 2018

PotNetwork Holding, Inc. (OTC: POTN) this morning announced that its Diamond CBD subsidiary is exhibiting at the Tobacco Plus Expo 2018, a “must-attend” show for retailers, distributors and wholesalers serving the tobacco and vapor industries that’s currently underway in Las Vegas. Diamond CBD is showcasing at Booth 8126, and its management team will be on hand in an effort to broaden the company’s prospective audience. PotNetwork also provided an update on its ongoing audit process in this morning’s release. “We plan to complete our unaudited financials for 2017 and expect to have them posted early. We anticipate within the next…

WednesdayJan 31, 2018 11:04 am

CannabisNewsBreaks – Global Payout, Inc. (GOHE) MTRAC Subsidiary Announces Potential Partnership with POS Company

Shares of Global Payout (OTC: GOHE) are up 13% after the payment solutions company this morning announced that its majority owned subsidiary, MoneyTrac Technology, Inc. (“MTRAC”) is in the final stage of discussions for a partnership with a leading POS Company. The POS company currently offers businesses in various industries an end-to-end suite of technology services. MoneyTrac’s management team is assured they will work effectively through the terms of the partnership which MTRAC CEO Vanessa Luna, described as “The final piece to a very robust puzzle offering a full suite of financial services to multiple high-risk credit industries.” To view…

TuesdayJan 30, 2018 1:50 pm

CannabisNewsBreaks – DOJA Cannabis Company (CSE: DOJA) (OTC: DJACF) Closes Merger with Tokyo Smoke, Launches Hiku Brands

DOJA Cannabis Company (CSE: DOJA) (OTC: DJACF) and Tokyo Smoke, a trademark and brand of TS Brandco Holdings, have successfully completed the previously announced merger of the two companies to create Hiku, Canada’s first retail and brand-focused licensed cannabis producer. Hiku has established a substantial national retail footprint and a growing portfolio of premium cannabis lifestyle brands including DOJA, Tokyo Smoke and Van der Pop. Common shares of Hiku are anticipated to begin trading on the Canadian Stock Exchange under the ticker symbol HIKU on January 31, 2018. To view the full press release, visit http://cnw.fm/ve5Iw About DOJA Cannabis Company…

TuesdayJan 30, 2018 1:02 pm

CannabisNewsBreaks – AV1 Group, Inc. (AVOP) Names New Strategic Corporate Advisor

Investment and holding company AV1 Group, Inc. (OTC: AVOP) this morning announced its engagement of Jon Fortune as its new strategic corporate advisor. Fortune brings more than 15 years of energy industry experience to the AV1 Group team. “We welcome Jon to our team,” Bryen Beglinger, CEO of AV1 Group, stated in the news release. “He has a wealth of experience and with his expertise in renewable energy, he will be a significant asset. He has a number of contacts in the industry that he is already working with on co-development opportunities, solutions and building customer relationships for our LED…

TuesdayJan 30, 2018 12:32 pm

CannabisNewsBreaks – PotNetwork Holding, Inc. (POTN) Highlighted in SeeThruEquity Research Report

PotNetwork Holding, Inc. (OTC: POTN) this morning announced that it, along with subsidiary Diamond CBD, was highlighted in a recent comprehensive research report from SeeThruEquity. In addition to summarizing industry statistics and PotNetwork’s recent corporate milestones, the research report set an updated price target of $1.25 on the company’s shares. SeeThruEquity attributed this increase to PotNetwork’s strong monthly sales data and 3Q17 filings, which indicate “continued profitability as the company invests in growth.” PotNetwork previously announced preliminary 2017E sales estimates of $14.5 million and, per the SeeThruEquity report, is well-positioned to meet or exceed its 2018E estimate. “It is very…

TuesdayJan 30, 2018 11:23 am

CannabisNewsBreaks – Skinvisible, Inc.’s (SKVI) DermSafe Offers Long-term Protection Against H3N2 Flu Virus

Skinvisible’s (OTCQB: SKVI) innovative DermSafe product incorporates the company’s proprietary Invisicare® drug delivery technology and has proven effective against a variety of infectious germs. An article discussing the topical and transdermal product development company reads: “The main curse this season is the particularly malevolent influenza virus H3N2. It is the most dominant strain not only in the U.S. but in Canada and the UK. The virus, experts believe, is mainly transmitted through the air by droplets formed when infected persons cough, sneeze or talk. These droplets land on hard surfaces like door knobs and as soon as one touches it…

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