CannabisNewsBreaks

MondaySep 12, 2022 1:25 pm

CannabisNewsBreaks – Bright Green Corporation (NASDAQ: BGXX) Announces Pricing of $10M Private Placement

Bright Green (NASDAQ: BGXX) is one of the few companies selected by the U.S. government to grow, manufacture and sell, legally under federal and state laws, cannabis and cannabis-related products for research, pharmaceutical applications and affiliated export. The company recently announced its entry into a securities purchase agreement with institutional investors to purchase 9,523,810 shares of common stock and warrants to purchase 9,523,810 shares of common stock, at a purchase price of $1.05 per share and accompanying warrant. The company expects approximately $10.0 million in gross proceeds from the offering, which, subject to the satisfaction of certain customary conditions, is…

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MondaySep 12, 2022 12:31 pm

CannabisNewsBreaks – InMed Pharmaceuticals Inc. (NASDAQ: INM) Enters into $6M Securities Purchase Agreement

InMed Pharmaceuticals (NASDAQ: INM), a leader in the research, development and manufacturing of rare cannabinoids, has announced a private placement agreement with two healthcare-focused institutional investors. The agreement calls for the issuance and sale of 691,245 of INM common shares; the shares will be sold at a purchase price of $8.68 per share in a private placement priced according to Nasdaq guidelines. According to the announcement, InMed will also issue unregistered preferred investment options that will allow investors in the offering to purchase more than 1.3 million common shares. The company noted that it anticipates gross proceeds from the placement,…

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FridaySep 09, 2022 10:13 am

CannabisNewsBreaks – InMed Pharmaceuticals Inc. (NASDAQ: INM) Releases Update on Company Objectives and Programs

InMed Pharmaceuticals (NASDAQ: INM), a leader in the research, development and manufacturing of rare cannabinoids and cannabinoid analogs, is reporting an update on the company’s research/development and commercial activities. According to the update, the company is working to complete enrollment in a phase 2 clinical program in epidermolysis bullosa (‘EB’) by the end of 2023, to advance its R&D efforts on a preclinical drug candidate in ocular disease and to investigate the potential of proprietary cannabinoid analogs in targeting specific diseases. The update included an observation that market demand for INM’s BayMedica naturally occurring cannabinoids is not progressing as anticipated,…

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WednesdaySep 07, 2022 11:35 am

CannabisNewsBreaks – Flora Growth Corp. (NASDAQ: FLGC) Subsidiary Announces Acquisition of Emerging Hemp Flower Market Brand

Flora Growth (NASDAQ: FLGC), an all-outdoor cultivator, manufacturer and distributor of global cannabis products and brands, announced that its wholly owned subsidiary, Just Brands LLC, has acquired substantially all of the assets related to the No Cap Hemp Co. brand. The company anticipates that the acquisition of this emerging brand in the hemp flower market will diversify its brand portfolio and product offerings as well as create an opportunity to expand Flora’s distribution foothold in the United States by providing a unique collection of products with strong revenue growth potential. According to the announcement, the acquisition will offer Flora an…

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TuesdaySep 06, 2022 1:28 pm

CannabisNewsBreaks – Advanced Container Technologies Inc. (ACTX) Collaborates to Provide Healthy Food for Hungry Americans

Advanced Container Technologies (OTC: ACTX) today announced that it has partnered with the Clean Food Initiative and Produce Now to provide fresh, healthy food to disadvantaged youth. According to the update, ACTX will allocate space in one or more of its GrowPods to grow leafy greens, which will be donated to the Clean Food Initiative for distribution to various hunger-related charities. Workers from Produce Now will grow, package and distribute the food. The Food Research and Action Center indicates that over 38 million Americans live in households that struggle with food insecurity or lack of access to an affordable, nutritious…

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FridaySep 02, 2022 11:02 am

CannabisNewsBreaks – Lexaria Bioscience Corp. (NASDAQ: LEXX) Appoints New Board Member

Lexaria Bioscience (NASDAQ: LEXX), a global innovator in drug-delivery platforms, has announced an addition to its board of directors; the company named industry veteran Catherine Turkel, PharmD, PhD, as the newest member of its board. Turkel brings more than two decades of experience as an executive-level leader in both start-up and mid-size pharma/biotech companies. As founder and CEO of Nezee Therapeutics, she gained critical expertise and insight in the space; she also served as president and head of research and development Novus Therapeutics, which was later renamed Eledon Pharmaceuticals Inc. (NASDAQ: ELDN). Currently she serves as an independent board director…

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WednesdayAug 31, 2022 2:30 pm

CannabisNewsBreaks – AROYA Expands Cutting-Edge Platform to Add Automated Irrigation Control

AROYA, a METER Group company, today unveiled Automated Irrigation Control as the latest crop steering enhancement to its industry leading AROYA Cannabis Production Platform. Crop steering technology enables operators of all sizes to bring out the best features of each cultivar. “Many craft farmers remain committed to their tried-and-true manual methods, like physically pouring run-off into milliliter cups, taking notes and running tests by hand,” said AROYA CEO Scott Campbell. “And to their credit, these purists are having success. However, for the independent purists, failing to embrace cultivation and production technology will be their demise. In addition to competition from…

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WednesdayAug 31, 2022 2:26 pm

CannabisNewsBreaks – Lexaria Bioscience Corp. (NASDAQ: LEXX) Announces New Patent in Mexico

Lexaria Bioscience (NASDAQ: LEXX), a global innovator in drug-delivery platforms, is continuing to accumulate international patents; most recently the company received its 27th patent granted worldwide. Part of Lexaria’s third patent family — Stable Ready-to-Drink Beverage Compositions Comprising Lipophilic Active Agents, from which patents have already been granted from Australia, India and Japan — the newest patent comes from Mexico and applies to range of active ingredients including non-psychoactive cannabinoids and NSAIDs. The announcement noted that types of products covered by the patent include specific pharmaceutical product formats along with an array of ready-to-drink consumer retail beverage products. According to the announcement,…

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ThursdayAug 25, 2022 3:45 pm

CannabisNewsBreaks – BioLife Sciences Inc. (BLFE) Expands with Focus on Disruptive Hemp Products

BioLife Sciences (OTC: BLFE) has announced that it will be expanding the scope of its orthomolecular medicine and natural health products division, with a specific focus on hemp products. According to the update, the company will focus on new and innovative product infusions centered around North American-grown, third-party tested industrial hemp with the intention to provide consumers with an array of new and more effective options. “We are so thrilled that BioLife will be focusing on this stream of business focusing on products in the marketplace, which are not only disruptors, but that are beneficial and useful products for consumers…

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ThursdayAug 25, 2022 1:11 pm

CannabisNewsBreaks – Advanced Container Technologies Inc. (ACTX) Featured in Top News Guide

Advanced Container Technologies (OTC: ACTX) today announced that it was featured in Top News Guide’s “Stock in Focus”. The publication wrote, “Following a key announcement from the company yesterday, it might be a good move for investors to take a bit of an interest in Advanced Container Technologies…” According to the report, ACTX stock is above the 20-day and 50-day moving averages of $0.60 and $0.63, respectively. Top News also referenced a recent ACTX press release regarding GrowPods, hydroponic modular farms that can be located almost anywhere. “The addition of one or two GrowPods is going to allow farmers to…

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