CannabisNewsBreaks Archive - Page 405 of 428

WednesdayOct 25, 2017 11:25 am

CannabisNewsBreaks – FinCanna Capital Corp. and Astar Minerals Ltd. (TSX.V: TAR) Announce Profit Sharing Agreement with Cultivation Technologies, Inc.

FinCanna Capital Corp., a royalty company for licensed medical cannabis, and Astar Minerals Ltd. (TSX.V: TAR) this morning announced that FinCanna will share 50 percent of the profits from Cultivation Technologies’ (“CTI”) interim medical cannabis extraction facility operating in Coachella, California. The new arrangement, which commenced on October 1, 2017, is expected to provide FinCanna with a source of monthly revenue before the construction of CTI’s Coachella campus is completed as planned. As noted in a news release issued on September 12, 2017, this interim medical cannabis extraction facility on the Coachella premises was established in accordance with CTI’s Conditional…

WednesdayOct 25, 2017 9:29 am

CannabisNewsBreaks – India Globalization Capital, Inc. (NYSE: IGC) Enters MOU Related to Import and Distribution of Cannabinoid-Based Therapies in Germany

India Globalization Capital, Inc. (NYSE American: IGC), a developer of cannabis-based therapies to treat a variety of life-altering conditions, this morning announced that it has entered into a memorandum of understanding with MediCann Handels GmbH for the import and distribution of IGC’s cannabinoid-based therapies to pharmacies in Germany. Under the terms of the MOU, MediCann will provide the capital required for the transportation, import, storage, sales and marketing of products intended for the German market. “There are many benefits to developing a strong presence in the German pharmacy market including, a favorable regulatory environment and reimbursement from health insurance providers,”…

TuesdayOct 24, 2017 12:13 pm

CannabisNewsBreaks – EVIO, Inc. (EVIO) Opens Fifth Testing Location in Eastern Oregon

EVIO, Inc. (OTCQB: EVIO), a leading provider of cannabis analytical testing services, this morning announced the opening of its fifth testing location in eastern Oregon. “We are excited to announce our new location in La Grande, OR,” William Waldrop, CEO of EVIO, stated in the news release. “Oregon recently passed OAR 603-048 which requires all industrial hemp and hemp derived manufactured products to be tested by an accredited testing lab prior to being made available for sale. Our new location, is the only lab in eastern Oregon and is strategically located near a significant number of Oregon's 233 licensed hemp…

TuesdayOct 24, 2017 11:47 am

CannabisNewsBreaks – Grey Cloak Tech, Inc. (GRCK) Acquires Eqova Life Sciences

Grey Cloak Tech, Inc. (OTCQB: GRCK) this morning announced that it has acquired Eqova Life Sciences, a medically-focused CBD company, in an all-stock transaction. Located in Denver, Colorado, Eqova Life Sciences develops clinical-grade Full Spectrum Hemp Oil products that are sold exclusively via partnerships with licensed medical practitioners. Per the news release, no other hemp oil company currently focuses exclusively on the practitioner market, leaving it largely underserved. Included in the acquisition, Eqova has approximately $150,000 worth of CBD inventory, which is expected to be sold by the end of 2017. Eqova also has hundreds of relationships with suppliers, vendors…

TuesdayOct 24, 2017 11:11 am

CannabisNewsBreaks – PotNetwork Holding, Inc. (POTN) Subsidiary Enhances Product Line

PotNetwork Holding, Inc. (OTC: POTN) this morning announced that its wholly owned subsidiary, Diamond CBD, Inc., has enhanced its product line with a selection of premium honey products. Included in this selection are the company’s new honey packed straws, which are infused with 10mg of pure natural organic cannabidiol (CBD). Combining the potentially beneficial attributes of both cannabis and honey, Diamond CBD anticipates that these Infused Honey Sticks may offer a new way to enhance wellness and boost the immune system. This morning’s product announcement comes as Diamond CBD seeks to build on its recent success in recording strong financial…

TuesdayOct 24, 2017 10:31 am

CannabisNewsBreaks – SinglePoint, Inc. (SING) and AppSwarm, Inc. (SWRM) Enter LOI to Conduct Joint Roll-Out of Cannabis Mobile Apps

Specialized holding company SinglePoint, Inc. (OTC: SING) and technology development company AppSwarm, Inc. (OTC: SWRM) this morning announced their entry into a Letter of Intent related to a joint roll-out of mobile applications specifically geared to the cannabis industry. Per the update, the applications will be branded and marketed under SinglePoint’s SingleSeed subsidiary, while AppSwarm will provide the necessary technical support and app development expertise. “We are very excited to roll-out these applications,” Greg Lambrecht, CEO of SinglePoint, stated in the news release. “We have worked on projects like these before and now we really feel we have both the…

TuesdayOct 24, 2017 10:04 am

CannabisNewsBreaks – Global Payout, Inc. (GOHE) Subsidiary Teams with Pegasus Fintech, Inc. to Develop Cryptocurrency-Based Token

Payment solutions company Global Payout, Inc. (OTC: GOHE) this morning announced that its majority owned subsidiary, MoneyTrac Technology, Inc., has established a strategic partnership with Pegasus Fintech, Inc., an innovative blockchain and token accelerator company delivering regulatory-compliant solutions in the financial services, technology, blockchain and cryptocurrency market sectors. “MoneyTrac Technology is aiming to establish itself as the most effective full-service provider of financial technology solutions for businesses in the cannabis industry,” Vanessa Luna, COO of MoneyTrac, stated in the news release. “Pegasus’s cryptocurrency technology will serve as the catalyst for us to develop and introduce a cryptocurrency token that we…

TuesdayOct 24, 2017 9:41 am

CannabisNewsBreaks – InMed Pharmaceuticals, Inc. (CSE: IN) (OTCQB: IMLFF) Highlights Positive Pre-Clinical Data Related to Biosynthesis Platform

Preclinical stage biopharmaceutical company InMed Pharmaceuticals, Inc. (CSE: IN) (OTCQB: IMLFF) this morning announced results from a study co-sponsored by InMed and the University of British Columbia. Notably, this study is the first ever to report hydrogel-mediated cannabinoid nanoparticle delivery to the eye resulting in enhanced drug uptake via the cornea and lens. “Importantly, this study offers further validation of InMed's capabilities in moving the science of cannabinoid pharmaceuticals forward,” Eric A. Adams, president and CEO of InMed, stated in the news release. “Results like this, combined with our expanding patent portfolio and list of publications, on-going R&D, and renowned…

MondayOct 23, 2017 9:56 am

CannabisNewsBreaks – Global Payout, Inc. (GOHE) Enters Final Stages of Audit in Preparation for Uplisting to OTCQB Venture Marketplace

Payment solutions company Global Payout, Inc. (OTC: GOHE) this morning announced that it is in the final stages of performing a two-year audit in an effort to become a fully reporting SEC company. Upon completion of the audit, Global Payout will immediately apply for listing on the OTCQB Venture Marketplace. “We have been contemplating an up-list to the OTCQB for quite some time and we as a Company feel that now is the best time given Global’s progress over the past few months,” Jim Hancock, CEO of Global Payout, stated in the news release. “The recent acquisition of two revenue…

FridayOct 20, 2017 11:59 am

CannabisNewsBreaks – Green Spirit Industries, Inc. (GSRX) Fast-Tracks Dispensary Construction on Three Pre-Approved Sites in Puerto Rico Following Hurricane Maria

Green Spirit Industries (OTC: GSRX) this morning said it has ramped up its construction efforts regarding three pre-approved medical cannabis dispensaries in Puerto Rico following Hurricane Maria. Green Spirit has brought in additional workforce to help complete the locations in Dorado, Carolina and San Juan for inspection and intends to open the locations before year end. “Patients in Puerto Rico who have come to depend upon medical marijuana, especially those for whom it replaces pharmaceuticals, need safe and dependable dispensaries that are conveniently located, and it is our aim to help fill the need as quickly as possible,” Green Spirit…

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