CannabisNewsBreaks

MondayJan 22, 2018 10:27 am

CannabisNewsBreaks – Global Payout, Inc. (GOHE) Nearing Launch of Official Audit

Payment solutions company Global Payout, Inc. (OTC: GOHE) this morning announced that the official initiation of its formal audit will likely commence in early February, with filing of the company’s Form 10-K expected sometime in March. Per the update, Global Payout’s progress toward this milestone signifies that it has made great strides in developing a strong base from which to build competitive subsidiaries in several key market sectors. “Over the years the core strategy of Global Payout has shifted significantly, from our inception as a prepaid card company to the present goals of incorporating cloud banking features into several key…

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FridayJan 19, 2018 12:33 pm

CannabisNewsBreaks – Medical Cannabis Payment Solutions (REFG) Provides Secure Payment Processing Solution to Cannabis Industry

Medical Cannabis Payment Solutions (OTC: REFG) is on a mission to solve the cannabis industry’s lack of secure payment options. The cannabis-focused financial services company has created an end-to-end payment processing solution to serve both industry retailers and their customers. An article discussing the company reads: “A multi-billion dollar cash business invites headaches and trouble. Tax collection, payroll problems, bill payment, assaults and armed robbery all plague an industry that’s expected to exceed $37 billion in the U.S. by 2024. No other industry of this size suffers through such operational and logistical nightmares. …To solve these complex issues, Medical Cannabis…

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FridayJan 19, 2018 12:24 pm

CannabisNewsBreaks – Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) Eyes Bright Future Following 2017 Success

Lexaria Bioscience (CSE: LXX) (OTCQB: LXRP) demonstrated several transformative developments in 2017. The company’s Intellectual Property (“IP”) was strengthened, it was awarded broad patents, and it secured finances during the year. Now, Lexaria is concentrating on making 2018 an even more fruitful year. An article discussing the company’s recent progress reads: “The company’s stock has performed well over the last year and, given all the progress, may outperform in 2018. Lexaria up-listed to the larger, more recognized OTCQX market, and the company filed an S4 prospectus to re-domicile the company from the U.S. to Canada in an effort to exploit…

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FridayJan 19, 2018 11:50 am

CannabisNewsBreaks – ChineseInvestors.com, Inc. (CIIX) Demonstrates Growth in Investor Relations Revenue; Intends to Expand Program Offerings

ChineseInvestors.com, Inc. (OTCQB: CIIX) recently demonstrated a large increase in its investor relations revenue in 1Q2018 and FY2017. The company remains focused on expanding program offerings for branding clients, including companies that trade in public markets such as the OTCQB Venture Market, NASDAQ and NYSE. An article discussing the company reads: “CIIX revenues from investor relations grew in 1Q2018 to $258,366, up 186 percent from the $90,312 it recorded in 1Q2017. In FY2017, CIIX investor relations sales grew to $808,362, 130 percent higher than the $351,615 in FY2016 (http://cnw.fm/3R8Ki). The company is expanding its program with such things as branding…

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FridayJan 19, 2018 11:41 am

CannabisNewsBreaks – SingleSeed by SinglePoint, Inc. (SING) Set to Launch Payment Solution App

Specialized holding company SinglePoint, Inc. (OTC: SING) is set to launch its SingleSeed platform in the first quarter of 2018. The subsidiary was designed to provide a payment solution to the cannabis industry, a booming market forecasted to reach more than $63 billion by 2024. An article discussing the company reads: “SinglePoint will proceed with a full launch of its subsidiary, SingleSeed, during the first quarter of 2018 to provide a platform for retailers and consumers in the legal cannabis industry to process cryptocurrency payments. Based on blockchain technology, the SingleSeed platform is a proprietary payment processing app that enables…

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ThursdayJan 18, 2018 3:27 pm

CannabisNewsBreaks – EVIO, Inc. (EVIO) Highlights Financial Results for Year Ended September 30, 2017

EVIO, Inc. (OTCQB: EVIO), a life sciences company and leading provider of quality control testing and advisory services to the regulated cannabis industry, this morning announced its financial and operating results for the fiscal year ended September 30, 2017. The company’s revenue for the 12-month period was roughly $3 million, marking a year-over-year increase of 438 percent. Per the update, the majority of this growth came from increased testing revenue, which was up 782 percent over the previous year. “2017 has been a pivotal year for EVIO, especially as we continued to scale the company to meet the industry's increased…

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ThursdayJan 18, 2018 2:19 pm

CannabisNewsBreaks – Earth Science Tech, Inc. (ETST) President Donates 50,000 Shares to Earth Science Foundation

Science-based biotechnology company Earth Science Tech, Inc. (OTC: ETST) this morning announced that company President Nickolas S. Tabraue has committed to donating 50,000 of his personal shares in order to become the first contributor to the Earth Science Foundation. Per the update, the foundation has been formed to help individuals who are in need of the products that the company manufactures, as well as future formulas that are being developed by the company, to meet their specific health needs. “I have received a tremendous amount of positive feedback regarding our CBD-based products from children, adults and elderly patients alike who…

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ThursdayJan 18, 2018 1:31 pm

CannabisNewsBreaks – Global Payout, Inc. (GOHE) Subsidiary Announces JV Agreement with Crypto Value Management System, LLC

Payment solutions company Global Payout, Inc. (OTC: GOHE), through majority-owned subsidiary MoneyTrac Technology, Inc. (“MTRAC”), this morning announced that it has entered a joint venture partnership with Crypto Value Management System, LLC (“CVMS”), a Delaware-based company that has secured an exclusive California license for a cryptocurrency exchange platform. Per the update, this platform will effectively bolster each of the companies and their ability to provide financial technology solutions to businesses operating across a number of market sectors, including the rapidly expanding cannabis industry. “Securing this JV Partnership Agreement with CVMS marks a huge milestone for MoneyTrac and our continued pursuit…

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ThursdayJan 18, 2018 12:13 pm

CannabisNewsBreaks – DOJA Cannabis Company Ltd. (CSE: DOJA) (OTC: DJACF) Signs Definitive Agreement for Tokyo Smoke Merger

Premium cannabis lifestyle brand DOJA Cannabis Company Ltd. (CSE: DOJA) (OTC: DJACF) this morning announced the signing of a definitive business combination agreement with TS Brandco Holdings Inc. (“Tokyo Smoke”), pursuant to which DOJA will acquire all of the issued and outstanding securities of Tokyo Smoke by way of a three-cornered amalgamation. Per the update, closing of the merger is expected to occur on or about January 30, 2018. Upon completion of the merger, DOJA is expected to change its name to Hiku Brands Company Ltd., creating “the first brand and retail-focused, craft cannabis producer, with a portfolio of highly…

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ThursdayJan 18, 2018 11:09 am

CannabisNewsBreaks – ABcann Global Corp. (TSX.V: ABCN) (OTCQB: ABCCF) Subsidiary Receives Import License from Australia

ABcann Global Corp. (TSX.V: ABCN) (OTCQB: ABCCF), through wholly-owned subsidiary ABcann Australia Pty Ltd., this morning announced that it has received an import license from the Federal Office of Drug Control in Australia. Following receipt of necessary approvals, including approval from the TSX Venture Exchange, ABcann intends to supply medicinal cannabis to the Australian market via the Australian Department of Health’s Therapeutic Goods Administration (“TGA”) Special Access Scheme. “This import license is a key milestone towards generating revenue through ABcann’s network of physicians, pharmacists and patients, and advancing the use of medical cannabis,” Barry Fishman, chief executive officer of ABcann,…

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