CannabisNewsBreaks

ThursdayNov 02, 2017 2:19 pm

CannabisNewsBreaks – India Globalization Capital (NYSE: IGC) Aims to Fast-Track Release of Hyalolex in Recreational Cannabis States

As a first mover in the cannabis-based combination therapy space, India Globalization Capital (NYSE AMERICAN: IGC) is preparing for the launch of its breakthrough treatment aimed at reducing beta-amyloid building up in Alzheimer’s patients, Hyalolex. The classification as a combination therapy enables the company to bring the product to market significantly faster than most pharmaceuticals, because Hyalolex does not need FDA approval. An article discussing this reads: “This hugely accelerated introduction of Hyalolex can only be accomplished in states where medical cannabis is legal and where the ailment (in this case Alzheimer’s) is an approved medical condition. In states where…

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ThursdayNov 02, 2017 12:44 pm

CannabisNewsBreaks – Lexaria Bioscience Corp. (CSE: LXX) (OTCQB: LXRP) Announces Acquisition of 100% Ownership Interest in Poviva Tea, LLC

Lexaria Bioscience Corp. (CSE: LXX) (OTCQB: LXRP), a biosciences company that has developed delivery technologies to improve absorption of bioactive compounds, this morning announced that it has acquired 100 percent ownership interest in its majority owned subsidiary, Poviva Tea, LLC. Lexaria previously owned 51 percent interest in Poviva Tea. “This acquisition strengthens Lexaria's intellectual property positioning and we reaffirm our commitment to the ViPova Tea product lines,” Chris Bunka, chief executive officer of Lexaria, stated in the news release. “Lexaria thanks the founders of Poviva Tea, LLC for their assistance and vision in this transaction.” Per the update, compensation related…

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ThursdayNov 02, 2017 11:48 am

CannabisNewsBreaks – Global Payout, Inc. (GOHE) Subsidiary Sells Front Cover of First PotSaver Los Angeles Edition

Payment solutions company Global Payout, Inc. (OTC: GOHE) this morning announced that its majority owned subsidiary, MoneyTrac Technology, Inc. (“MTRAC”), has successfully sold the front cover of PotSaver’s premier Los Angeles edition, which is slated for release and mass distribution on January 1, 2018. “We are thrilled to have completed the sale of PotSaver’s premiere Los Angeles edition,” Vanessa Luna, COO of MTRAC, stated in the news release. “With the new recreational law going into effect at the turn of the new year, we are truly in the most exciting, but also crucial time in this industry’s young history. By…

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ThursdayNov 02, 2017 9:54 am

CannabisNewsBreaks – PotNetwork Holding, Inc. (POTN) Subsidiary Achieves 29% QoQ Revenue Increase in 3Q17

PotNetwork Holding, Inc. (OTC: POTN) this morning announced that its wholly owned subsidiary, Diamond CBD, Inc., reported revenues of nearly $4.5 million for the third quarter of fiscal 2017, realizing a net quarter-over-quarter increase of 29 percent. “We are very pleased with this quarter’s results and forge ahead into the fourth quarter with strengthened anticipation once again,” Dr. Richard Goulding, CEO of PotNetwork, stated in the news release. As recently reported, PotNetwork has retained the auditing services of East West Accounting Services, LLC, a Public Company Accounting Oversight Board (“PCAOB”) registered CPA firm, to provide a methodical review and analysis…

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WednesdayNov 01, 2017 12:22 pm

CannabisNewsBreaks – Algae Dynamics Corp. (ADYNF) Continues Collaborative Research on Safer Cannabinoid Delivery

Innovative biotech company Algae Dynamics Corp. (OTCQB: ADYNF) is engaged in the development of nutraceuticals and pharmaceuticals utilizing hemp, cannabis and algae oils. The company also aims to create a safe delivery method of cannabinoids and is currently working toward this goal with two universities in Canada. An article discussing this reads: “In response to the imperative for safer delivery of cannabinoids, Algae Dynamics has been working with two of Canada’s leading research universities – the University of Western Ontario and the University of Waterloo. This collaborative research is focused on the use of extracts from cannabis oil to treat…

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WednesdayNov 01, 2017 10:10 am

CannabisNewsBreaks – Lexaria Bioscience Corp. (CSE: LXX) (OTCQB: LXRP) Receives Extensive Patent Allowance from USPTO

Lexaria Bioscience Corp. (CSE: LXX) (OTCQB: LXRP), a drug delivery platform innovator, announced late yesterday that it has received a new Notice of Allowance from the United States Patent and Trademark Office (“USPTO”) related to the use of its innovative DehydraTECH™ technology as a delivery platform for the full list of active pharmacological ingredients requested, including all cannabinoids, fat-soluble vitamins, nonsteroidal anti-inflammatory pain medications (“NSAIDs”) and nicotine. The company expects formal patent issuance within three to four months, with provided protections extending through 2035 or later. “This wide-ranging patent allowance from the USPTO exceeds our expectations,” Chris Bunka, chief executive…

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WednesdayNov 01, 2017 9:44 am

CannabisNewsBreaks – ChineseInvestors.com, Inc. (CIIX) Announces Three Additions to Board of Directors

Market analysis company ChineseInvestors.com, Inc. (OTCQB: CIIX) this morning expanded its board of directors, announcing its appointment of Delray Wannemacher and Patrick Leung as independent directors and Keevin Gillespie as an executive director, effective immediately. Per the update, Wannemacher and Leung will also serve on the company’s audit committee alongside recently appointed chief financial officer Paul Dickman. “We are extremely pleased to welcome Delray, Patrick and Keevin to the ChineseInvestors.com, Inc.'s Board of Directors,” Warren Wang, chief executive officer of ChineseInvestors.com, stated in the news release. “Their financial and industry experience make these gentlemen excellent choices for the Company's Board…

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TuesdayOct 31, 2017 10:34 am

CannabisNewsBreaks – EVIO, Inc. (EVIO) Expands Testing Capabilities at Yuba City Laboratory

EVIO, Inc. (OTCQB: EVIO), a leading provider of cannabis analytical testing services, this morning announced that it has expanded testing capabilities at its Yuba City laboratory in Northern California. The expansion comes in anticipation of California’s new 2018 testing rules and includes a full suite of testing services, such as pesticide, microbiological and expanded cannabinoid potency testing. “We are getting feedback directly from clients on the ground in California that is similar to what we experienced in Oregon back in 2015 when we opened our first lab in Oregon a full year before the official rollout of their testing requirements,”…

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TuesdayOct 31, 2017 10:04 am

CannabisNewsBreaks – Global Payout, Inc. (GOHE) Subsidiary Co-Hosts Cannabis Industry Networking Event

Payment solutions company Global Payout, Inc. (OTC: GOHE) this morning announced that its majority owned subsidiary, MoneyTrac Technology, Inc., successfully hosted a joint networking event last week in Las Vegas with fellow companies operating in the cannabis financial market sector, including Fusion Bank, Integrated Compliance Solutions, LLC and NICCE Exchange. Notably, the event brought together key individuals from different areas across the West Coast who are involved in the fast-growing cannabis industry. “The power of networking and identifying synergistic business opportunities should never be underestimated,” James Hancock, CEO of MoneyTrac Technology, stated in the news release. “From banking solutions to…

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FridayOct 27, 2017 9:21 am

CannabisNewsBreaks – Marijuana Company of America (MCOA) Delivers Distinctive Cannabis Investment Opportunities

Having now been legalized for medical and/or recreational use in 29 states and the District of Columbia, cannabis continues to represent an attractive market for investors, with both the legal marijuana and hemp industries marking notable increases. Marijuana Company of America (OTC: MCOA) is a distinctive corporation utilizing a strategic business structure within this burgeoning industry, uniting a diverse portfolio of investments and joint ventures beneath its umbrella that includes several companies involved in hemp cultivation and the development of optimum cultivation and processing facilities. “For companies like MCOA, the path forward is clear – participation in the legal cannabis…

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