CannabisNewsBreaks

TuesdayNov 28, 2017 10:16 am

CannabisNewsBreaks – Marijuana Company of America, Inc. (MCOA) Provides Update on Cultivation Facility Construction

Shares of Marijuana Company of America (OTC: MCOA) are up 4.81% after the company this morning said that its joint venture partner, Bougainville Ventures, Inc., has initiated construction on a 30,000 square foot cultivation facility in Washington state. The construction on the site that is intended to comprise of a total of six greenhouses is expected to be completed in February 2018. The delivery of the first pre-designed greenhouses stocked with full tracking and reporting protocols is expected to be completed this week. Additionally, MCOA has an option to purchase further adjoining acreage to expand in the area. "The attainable…

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TuesdayNov 28, 2017 9:33 am

CannabisNewsBreaks – Veritas Pharma Inc. (CSE: VRT) (OTC: VRTHF) (FRT: 2VP) Research Arm’s Patent Filing for Use of Specific Cannabis Strain Acknowledged by US Patent Office

Veritas Pharma (CSE: VRT) (OTC: VRTHF) (FRT: 2VP) today announced that its research arm, Cannevert Therapeutics Ltd. (“CTL”), received an acknowledgement letter with the filing number of US 62/558,021 from the US Patent and Trademark Office (“USPTO”) for the filing it made in September for use of a specific cannabis strain to enhance the actions of opioid analgesics.  Veritas CEO, Dr. Lui Franciosi commented, “We are pleased with Cannevert’s latest submission to protect its discovery of a cannabis strain that could potentially reduce the dose and side effects of clinically used opioids while maintaining a good pain relieving effect for…

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TuesdayNov 28, 2017 8:25 am

CannabisNewsBreaks – Global Payout, Inc.’s (GOHE) MTRAC Subsidiary Forms Key Partnership for Sales and Marketing Support

Global Payout (OTC: GOHE) announced today that its majority-owned subsidiary, MoneyTrac Technology, Inc. ("MTRAC") has established a strategic partnership with T&T Financial. The partnership was established to boost the sales and marketing related services that MTRAC delivers in the booming cannabis industry. MTRAC has also been collaborating with other partners in the financial services sector on developing banking solutions for fully compliant businesses operating in cannabis, such as retailers and suppliers. Through its new partnership with T&T Financial, MTRAC receives critical sales and marketing support for the banking services and solutions the company intends to offer to the cannabis sector.…

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MondayNov 27, 2017 9:52 am

CannabisNewsBreaks – Skinvisible Pharmaceuticals, Inc. (SKVI) Enters Non-Binding Term Sheet for Proposed Merger with Quoin Pharmaceuticals

Skinvisible Pharmaceuticals (OTCQB: SKVI) has entered into a non-binding term sheet regarding a proposed merger with Quoin Pharmaceuticals Ltd. per the company’s announcement this morning. The completion of the proposed merger is subject to the negotiation of a definitive agreement and other customary closing conditions including tax, accounting, legal, and regulatory conditions. The new company would continue trading on the OTCQB market under the name Quoin Pharmaceuticals Inc. and is expected to have a robust product portfolio addressing major unmet medical needs. Post-merger, the new company will be 72.5% owned by Quoin shareholders and Skinvisible shareholders will own 27.5%, prior…

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MondayNov 27, 2017 9:15 am

CannabisNewsBreaks – Lexaria Bioscience Corp. (CSE: LXX) (OTCQB: LXRP) Set to Present at LD Micro Main Event; Reports Warrant Exercise

Lexaria Bioscience (CSE: LXX) (OTCQB: LXRP), a biosciences company that has developed delivery technologies to improve absorption of bioactive compounds, this morning announced that it will be presenting at the upcoming 10th annual LD Micro Main Event taking place December 5-7 in Los Angeles, California. Additionally, the company is filing its annual Form 10K which includes financial statements that will be available today at the Securities and Exchange Commission's website (www.sec.gov). Lexaria also said that through the exercise of warrants and a compensation option certificate previously granted, the company has received US $118,913. The compensation option certificate was exercised at…

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MondayNov 27, 2017 9:04 am

CannabisNewsBreaks – PotNetwork Holding Inc. (POTN) Thrives in the Expanding CBD Market

Operating in the booming cannabidiol (“CBD”) market, PotNetwork Holding (OTC: POTN) researches, develops and sells premium hemp extracts throughout the U.S. and internationally. All of its products are made with federally legal hemp-derived CBD and are available in a variety of flavors and sizes tailored to exceed consumer needs and expectations. The primary operating entity of PotNetwork, Diamond CBD, Inc., produces and markets 15 different CBD brands that have gained international acceptance for both quality and consistency. A recent article expanded on the opportunity, “The future for the cannabidiol (CBD) market remains bright. Brightfield Group recently projected hemp-derived cannabidiol to…

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WednesdayNov 22, 2017 3:40 pm

CannabisNewsBreaks – EVIO, Inc. (EVIO) Obtains Expanded Accreditation to Conduct Pesticide, Residual Solvent Tests

EVIO, Inc. (OTCQB: EVIO), a national leader in providing accredited analytical testing, scientific research and advisory services to the regulated cannabis industry, today announced that it has been granted an expansion to its accreditations from the Oregon Environmental Laboratory Accreditation Program (“ORELAP”), a division of the Oregon Health Authority. The newly expanded accreditations enable EVIO Labs to offer full-scope pesticide testing at its Medford location. Additionally, EVIO received accreditation to test for residual solvent residues at its Portland location. "Bringing pesticide testing fully in-house and expanding our capability with residual solvent analysis will also allow us to substantially increase our…

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WednesdayNov 22, 2017 9:28 am

CannabisNewsBreaks – Veritas Pharma Inc.’s (CSE: VRT) (OTC: VRTHF) (FRT: 2VP) CTL Subsidiary Inks Letter of Intent with FDI of Puerto Rico to Initiate Human Trials of CTL-X

Veritas Pharma (CSE: VRT) (OTC: VRTHF) (FRT: 2VP) recently announced that its 80% owned subsidiary, Cannevert Therapeutics Ltd. ("CTL"), signed a letter of intent with the Fundación de Investigación (“FDI”) in San Juan, Puerto Rico, to conduct the first human study of CTL-X for the treatment of pain. The study of CTL-X, CTL’s lead cannabis strain for pain, will be conducted in two stages to assess the treatment’s analgesic effects. “We are pleased to see Cannevert’s lead strain for pain is finally heading into human trials. It’s important to us to move quickly into this next phase of providing clinical…

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TuesdayNov 21, 2017 3:03 pm

CannabisNewsBreaks – EVIO, Inc. (EVIO) Anticipates Growth Through Imminent Regulation Change in California

Leading provider of cannabis analytical testing services EVIO, Inc. (OTCQB: EVIO) is anticipating the new testing rules for cannabis in California as a potential opportunity to profit. EVIO provides the regulated cannabis industry with accredited analytical testing services to ensure compliancy. An article discussing this reads: “The new more stringent tests are important because EVIO sees California as not only a vibrant opportunity, but eventually the biggest cannabis marketplace in the world. Regimented regulatory oversight is to be expected, including lab testing, the company said. According to the San Diego Union-Tribune (http://nnw.fm/6cpwY), California’s cannabis industry could be worth from $4-$7…

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TuesdayNov 21, 2017 2:48 pm

CannabisNewsBreaks – Medical Cannabis Payment Solutions (REFG) to Provide Premiere, Comprehensive Digital Payment Solution

With growing trends toward legalization of medical and recreational use of marijuana, Medical Cannabis Payment Solutions (OTC: REFG) will provide a first-in-market digital payment solution for dispensaries. A recent article highlights the innovative system, stating, “In response to the overwhelming need to have a private encrypted digital solution to serve the rapidly growing legal marijuana industry, Medical Cannabis Payment Solutions, through subsidiary StateSourced, is bringing to market the first and only first-tier merchant processing operation of its kind. The company is offering a comprehensive structure which tracks sales and tax collection and empowers businesses with an outstanding state-of-the-art client management…

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