CannabisNewsBreaks

MondayMay 23, 2022 11:05 am

CannabisNewsBreaks – Flora Growth Corp. (NASDAQ: FLGC) Announces Acquisition of Masaya CB Brand

Flora Growth (NASDAQ: FLGC), a leading all-outdoor cultivator, manufacturer and distributor of global cannabis products and brands, has signed an agreement to acquire Masaya and its patent-pending CBD formulations, including Masaya Pure. The agreement was made with leading cell biologist Dr. Annabelle Manalo-Morgan, PhD, who created and owns the brand; Manalo-Morgan is a member of Flora Growth’s board of directors and is the company’s scientific advisor. According to the announcement, Masaya’s exclusive CBD oil formulations contain no THC and have garnered numerous testimonials. The brand will be the first offering from Flora Life Sciences in the United States, and the…

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FridayMay 20, 2022 2:12 pm

CannabisNewsBreaks – Sugarmade Inc. (SGMD) Leveraging Dynamic Short- and Long-Term Strategies to Gain Market Share

Sugarmade (OTC: SGMD), an emerging leader in the licensed cannabis sector, last year completed the acquisition of Lemon Glow. The move, according to Sugarmade CEO Jimmy Chan, was part of the company’s efforts to set the stage to improve margins, expand end-market access, and grow, refine, produce, and distribute in the largest and fastest-growing cannabis market on the planet. “The acquisition was designed to position the company to achieve that objective with a significant capacity to scale as demand for California-grown cannabis is expected to increase when federal legalization takes place,” a recent article reads. For the 2022 cannabis cultivation…

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ThursdayMay 19, 2022 3:34 pm

CannabisNewsBreaks – Bright Green Corporation (NASDAQ: BGXX) Commences Trading on the Nasdaq

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. As previously announced, the company has commenced the trading of its common stock on the Nasdaq Capital Market under the symbol BGXX. For additional details, view the prospectus related to the registration statement Bright Green filed on Form S-1 with the Securities and Exchange Commission (“SEC”), available on the SEC’s website at www.SEC.gov. To view the full press release, visit https://cnw.fm/Wh32t About Bright…

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ThursdayMay 19, 2022 2:39 pm

CannabisNewsBreaks – Lexaria Bioscience Corp. (NASDAQ: LEXX) Aims to Deliver Safer Alternative for Nicotine Experience

Lexaria Bioscience Corp. (NASDAQ: LEXX) will soon begin a human clinical study, NIC-H22-1, to compare its DehydraTECH-nicotine pouch performance with that of existing brands such as ON! and Zyn, currently available in the U.S. “Animal testing has already demonstrated that DehydraTECH-nicotine can deliver peak nicotine performance to the bloodstream 10 to 20 times faster than the study’s controls,” a recent article reads. “Lexaria has long held that any form of inhaling chemical substances can be detrimental to health, and its DehydraTECH-nicotine aims to help vapers as well as smokers wean themselves off of those products, giving them relief from cravings…

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ThursdayMay 19, 2022 1:44 pm

CannabisNewsBreaks – Prime Harvest Inc. Selects IBN for Corporate Communications Expertise

Prime Harvest, a technology-focused, full-service cannabis company with horizontally diversified operations spanning various segments of the cannabis value chain, today announced its selection of the corporate communications expertise of IBN, a multifaceted financial news and publishing company for private and public entities. As part of the client partner relationship, IBN will leverage its investor based distribution network of 5,000+ key syndication outlets, various newsletters, social media channels, wire services via InvestorWire, blogs and other outreach tools to generate greater awareness for Prime Harvest. “In the past few years, the modern cannabis culture has blossomed as the industry shifts in real-time.…

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WednesdayMay 18, 2022 11:34 am

CannabisNewsBreaks – Flora Growth Corp. (NASDAQ: FLGC) Announces Upcoming Cannabis Landscape Webinar, Launches Highsman Helix

Flora Growth (NASDAQ: FLGC), a leading all-outdoor cultivator, manufacturer and distributor of global cannabis products and brands, is hosting a webinar focused on the global cannabis regulatory landscape; the event is scheduled for Thursday, May 19, at 4 p.m. EDT. Titled “The State of the Play: Cannabis Regulatory Landscape,” the webinar will feature Flora Growth executives, including president and CEO Luis Merchan, COO Jason Warnock and newly appointed VP of regulatory affairs Holly Bell. The webinar agenda includes an overview of the opportunities and challenges facing Flora and other cannabis companies operating in the United States, Colombia and other global…

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WednesdayMay 18, 2022 11:22 am

CannabisNewsBreaks – Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) Releases Status Update Regarding MCTO

Red White & Bloom (CSE: RWB) (OTCQX: RWBYF), a multistate cannabis operator and house of premium brands, has shared a status update on the management cease trade order (“MCTO”) the company received from the British Columbia Securities Commission; the MCTO was effective on May 3, 2022, under the National Policy 12-203. In the update, the company references its original press release, which announced a delay in the filing of key financial statements and accompanying management’s discussion and analysis for FY 2021, a delay that would extend beyond the period outlined in the applicable Canadian securities laws. The update also noted…

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TuesdayMay 17, 2022 2:39 pm

CannabisNewsBreaks – AmeriCann (ACAN) Announces Positive Quarterly Results, Operations Update

AmeriCann (OTCQB: ACAN), a cannabis company that develops state-of-the-art cultivation, product manufacturing and distribution facilities, today released financial and operational results for its fiscal quarter ending March 31, 2022. According to the update, the company achieved a significant increase in year-over-year quarterly revenue, culminating in positive net income for the quarter. Revenue from operations increased over 52% for the quarter ended March 2022 relative to the same quarter in 2021, an increase of $230,021. AmeriCann set an all-time monthly record in revenue for April 2022 and attributes the increase in financial performance to greater revenue received from products produced and…

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MondayMay 16, 2022 3:14 pm

CannabisNewsBreaks – Advanced Container Technologies Inc. (ACTX) Brings Innovative Solutions, Healthy Food to Where It’s Needed

Advanced Container Technologies (OTC: ACTX) today announced that its innovative modular hydroponic farms can help farmers lower costs and boost production during these trying times. “Rising fuel prices are hitting some farmers hard,” according to Fox News. In addition, unprecedented issues with the supply chain, the pandemic and now the war in Ukraine have made this a very difficult time to be a farmer — or anyone involved with food production. Further, according to the Chicago Sun Times, access to affordable, healthy food is a significant problem that impacts 40 million Americans. Large numbers of people live in food deserts,…

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MondayMay 16, 2022 1:34 pm

CannabisNewsBreaks – Flora Growth Corp. (NASDAQ: FLGC) Announces Strategic Appointment of Cannabis Regulatory Veteran

Flora (NASDAQ: FLGC), a leading all-outdoor cultivator, manufacturer and distributor of global cannabis products and brands, today announced its appointment of regulatory veteran Holly Bell as vice president of regulatory affairs. According to the update, Bell will play a crucial role in Flora’s domestic and global expansion strategy and lead government relations in key international markets. “Holly’s unique knowledge and understanding of the United States’ regulatory framework will position us to make thoughtful, educated and bold decisions regarding strategic distribution, cultivation and sales plans,” said Luis Merchan, president and CEO of Flora Growth. “We look forward to bringing Holly’s expertise…

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