CannabisNewsBreaks

TuesdayJul 12, 2022 4:23 pm

CannabisNewsBreaks – AmeriCann Inc. (ACAN) Achieves Record Quarterly and Monthly Revenues

AmeriCann (OTCQB: ACAN), a cannabis company that develops state-of-the-art cultivation, product manufacturing and distribution facilities, today provided financial and operational updates for its Massachusetts cannabis cultivation, product manufacturing and distribution campus. According to the announcement, the company achieved a significant increase in year-over-year quarterly revenue, reflecting growth of over 36% for the quarter ended June 2022 relative to the quarter ended June 2021, an increase of $213,902. In addition, monthly revenue for June 2022 increased 30% from June 2021. “We’re pleased with achieving record revenue for the quarter and with the strong top-line growth rate,” said AmeriCann President Tim Keogh.…

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MondayJul 11, 2022 1:08 pm

CannabisNewsBreaks – Advanced Container Technologies Inc. (ACTX) GrowPods Have Potential to Impact Global Food Shortages

Advanced Container Technologies (OTC: ACTX), the exclusive U.S. distributor of self-contained, automated, indoor “micro-farms” announced that micro-farms, called GrowPods, has potential to help reduce global food shortages. According to the company, GrowPods provide a way for food production to take place virtually anywhere in the world, offering a way to enhance food security. The company noted that the war in Ukraine has disrupted global food supplies because the country is one of the world's leading exporters of several agricultural products; the conflict has been tied to rising prices and import obstacles. The announcement noted that United Nations Secretary-General António Guterres warned that…

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MondayJul 11, 2022 11:24 am

CannabisNewsBreaks – Flora Growth Corp. (NASDAQ: FLGC) Names Former Amazon, Boeing Exec as CFO

Flora Growth’s (NASDAQ: FLGC), a leading all-outdoor cultivator, manufacturer and distributor of global cannabis products and brands, has announced a new chief financial officer. Former Amazon and Boeing official Elshad Garayev has accepted the new position and will be joining the FLTC team on the business day following the date on which the company files its mid-year financial results with the Securities and Exchange Commission. Garayev has more than two decades of financial leadership experience, and has worked at Amazon, Boeing, BP and RPK Capital. In his new role, he will focus on FLGTC growth initiatives as well as financial…

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ThursdayJul 07, 2022 1:51 pm

CannabisNewsBreaks – Advanced Container Technologies Inc. (ACTX) Poised to Provide Access to Healthy Food in Food Deserts

Advanced Container Technologies (OTC: ACTX) is confident its GrowPods – modular hydroponic greenhouses – could become a valuable tool in efforts to combat food insecurity. With GrowPods, the company notes, cultivation can be moved nearer to the point of consumption, allowing food to be harvested at its peak nutritional value. “Micro-farms, such as ACTX’s Grow Pods, are being evaluated as a potential solution for food insecurity. Last year, Virginia State University (‘VSU’) was given a $500,000 grant to explore micro-farms as a potential solution to what the school called ‘food deserts in urban neighborhoods.’ According to the school, the grant…

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ThursdayJul 07, 2022 11:21 am

CannabisNewsBreaks – Lexaria Bioscience Corp. (NASDAQ: LEXX) Announces Global Expansion of DehydraTECH Licensee

Lexaria Bioscience (NASDAQ: LEXX, LEXXW), a global innovator in drug delivery platforms, today announced that its DehydraTECH licensee Boldt Runners Corporation, owners of the Cannadips brand, has expanded manufacturing agreements to include Europe, Japan and South Africa. “We are delighted with the expansion of the Cannadips brand outside of the USA,” said Chris Bunka, CEO of Lexaria Bioscience Corp. “We continue to work with the Cannadips team on the infusion of exciting new formulations to meet the needs of adult consumers’ changing preferences and will endeavor to always remain one step ahead of the competition.” To view the full press…

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WednesdayJul 06, 2022 2:30 pm

CannabisNewsBreaks – Grapefruit USA Inc. (GPFT) Announces Execution of LOI for DLC Acquisition

Grapefruit USA (OTCQB: GPFT), an innovative California-based cannabiotech company, has executed a binding letter of intention (“LOI”) with Diagnostic Lab Corporation (“DLC”). The letter, which was entered into on June 30, 2022, calls for the two companies to jointly recapitalize Grapefruit and raise $12.5 million of debt financing, which includes $5.5 million already committed from a qualified construction. DLC is a diversified food and agriculture safety company. The funding will be used to complete construction of a cultivation, manufacturing and distribution facility; acquire DLC assets; apply for an FDA 510K approval for GPFT’s patented Hourglass(TM) time release Z-POD THC/CBD/cannabinoid infused…

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WednesdayJul 06, 2022 12:08 pm

CannabisNewsBreaks – Flora Growth Corp. (NASDAQ: FLGC) Announces Results of Annual Meeting of Shareholders, Board Appointment of Brandon Konigsberg

Flora (NASDAQ: FLGC), a leading all-outdoor cultivator, manufacturer and distributor of global cannabis products and brands, today announced that the company’s shareholders voted in favor of all of the proposals submitted for their approval at Flora’s July 5 annual meeting. In addition to the re-election of the company’s six incumbent directors, shareholders also elected Brandon Konigsberg to serve on the board. Further to his responsibilities as a board member, Konigsberg will serve as chair of the audit committee and as a member of the compensation committee. “The addition of Mr. Konigsberg to our board is further testament to our ongoing…

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TuesdayJul 05, 2022 1:18 pm

CannabisNewsBreaks — Cilicon Announces New Partner Program to Offer Variety of Support for Cannabis Vaporizer Enterprises

Cilicon, a leading, globally trusted, product-solution provider of cannabis vape technology and manufacturing, has launched its Cilicon Partner Program. The program is a flexible, collaborative distributor partnership designed to support cannabis vaporizer enterprises in a variety of ways, including developing and expanding product offerings, upgrading product performance, expediting product delivery cycles and reducing product inventory costs. The program is open to all cannabis enthusiasts interested in the marijuana vaporizer market, and the company has started to accept cannabis vape hardware distributors of different regions, sizes, levels and needs to further expand the supply market for cannabis vaporizers. “The cannabis vape…

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TuesdayJul 05, 2022 12:38 pm

CannabisNewsBreaks – Sugarmade Inc. (SGMD) ‘Embarking on a New and Bold Strategy’

Sugarmade (OTC: SGMD) CEO Jimmy Chan’s recent letter to shareholders outlines several strategic opportunities the company intends to pursue. “Noting several significant changes in the marketplace, including an uncertain regulatory environment, high taxes and drop in prices for cultivated cannabis products, Chan observed that numerous cannabis cultivation license holders, including unlicensed growers, have been forced to forgo plans to directly cultivate cannabis this year,” a recent article reads. “Calling this an ‘opportunity to invoke a new short-term strategy while our long-term plans to cultivate at our new Lemon Glow facility are developing,’ Chan explained that for the 2022 cannabis cultivation…

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ThursdayJun 30, 2022 1:21 pm

CannabisNewsBreaks – Sugarmade Inc. (SGMD) Signs LOI Outlining Minority Stake Acquisition of Cannabis Cultivation Property

Sugarmade (OTC: SGMD), an emerging leader in the vertically integrated cannabis sector, has taken steps toward a 40% acquisition of the business and associated property known as RMI Ventures (d/b/a Jerusalem Grade Farm). SGMD signed a letter of intent (“LOI”) agreeing to complete a definitive acquisition agreement that would make Sugarmade a minority owner of RMI Ventures with 40% control of RMI Ventures equity; SGMD anticipates pursuing the acquisition of additional equity in RMI Ventures next year. According to the announcement, Sugarmade intends to leverage the turnkey operation to fulfill its recently announced collaborative cannabis cultivation contract with Cannabis Global…

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