CannabisNewsBreaks

TuesdayMar 29, 2022 1:10 pm

CannabisNewsBreaks – ECGI Holdings Inc. (ECGI) Approaches Key Strategic Moves in Legal Cannabis and Cannabinoid Marketplace

ECGI Holdings (OTC: ECGI) (d.b.a. Elite Cannabis Group Incorporated), a Nevada-based portfolio company pivoting into the legal cannabis and cannabinoid marketplace, today provided current and prospective shareholders with an update on the company’s operations. “We are working to finalize a transaction to acquire key assets that will serve the purpose of granting us our Major Use License for the upcoming year so we can start our cultivation operations in full,” said William Chung, CEO of ECGI Holdings. Beyond that strategic move, the company is working toward several key acquisitions of intellectual property, talent and tangible operating assets within the cannabinoid…

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MondayMar 28, 2022 3:15 pm

CannabisNewsBreaks – Sugarmade Inc. (SGMD) Establishing Competitive Advantage, Verticalizing Operations in Growing Marketplace

Sugarmade (OTC: SGMD) is an emerging leader in the licensed cannabis sector. The company has “set its eyes on expanding its end-market access as a central player in the growing California cannabis delivery marketplace while also developing its in-house cannabis production capacity to verticalize operations in the space,” reads a recent article. “Sugarmade currently operates Nug Avenue, a cannabis delivery service located in the Los Angeles metropolitan area. The location opened in March 2021, and by the end of June 2021, it had more than 10,000 unique members. That growth has continued, and the company now has nearly 25,000 unique…

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MondayMar 28, 2022 1:52 pm

CannabisNewsBreaks – Pono Capital Corp (NASDAQ: PONOU), Benuvia Inc. Enter Definitive Business Combination Agreement

Pono (NASDAQ: PONOU), a publicly traded special purpose acquisition company, and Benuvia, a leading drug developer and manufacturer of active pharmaceutical ingredients focused on cannabinoids, with a growing portfolio of drug products and intellectual property, announced entry into a definitive business combination agreement that will result, subject to the satisfaction or waiver of certain closing conditions, in Benuvia becoming a public company. According to the announcement, Benuvia will apply to be listed on the Nasdaq. “Benuvia has established a strong position in the pharmaceutical cannabinoid market with its intellectual property and manufacturing assets,” said Dustin Shindo, chief executive officer of…

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MondayMar 28, 2022 1:34 pm

CannabisNewsBreaks – Advanced Container Technologies Inc. (ACTX), Grassfire Distro to Exhibit at CannaCon in Oklahoma City

Advanced Container Technologies (OTC: ACTX), which offers a wide array of products including environmentally controlled transportable cultivation systems, unique packaging supplies, in-demand accessories, and white labeling services, today announced that it will be exhibiting at the CannaCon Conference. The company will participate at the event, slated to take place at the Oklahoma City Convention Center on March 31 and April 1, alongside Grassfire Distro, its exclusive partner for reselling some of its packaging and white labeling products and services. “We had tremendous success at last year's CannaCon Conference, and we are looking forward to attending again this year,” said Doug…

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FridayMar 25, 2022 3:25 pm

CannabisNewsBreaks – Lexaria Bioscience Corp. (NASDAQ: LEXX) Optimistic About Its Upcoming, Largest-Ever Hypertension Study

Lexaria Bioscience Corp. (NASDAQ: LEXX) remains committed to enhancing the speed and efficiency of orally-delivered fat-soluble active molecules and drugs. “Through its patented DehydraTECH(TM) drug delivery technology that began development in 2014, the company is offering potential solutions for conditions including, but not limited to hypertension, smoking cessation, anti-viral treatments, and other drug classes,” reads a recent article. The piece discusses significant developments Lexaria has made with its HYPER-H21-4 clinical study on hypertension and heart disease treatment using DehydraTECH-CBD. Given the success of previous studies, the company announced plans for more trials over 2022. “During 2021, we completed research &…

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FridayMar 25, 2022 2:24 pm

CannabisNewsBreaks – InMed Pharmaceuticals Inc. (NASDAQ: INM) Committed to Execute More Programs to Grow Market Reach and Product Portfolio

InMed Pharmaceuticals (NASDAQ: INM) President and CEO Eric A. Adams recently hosted a conference call and webcast in which he emphasized the company’s successful product diversification and strategic acquisition achievements. He expressed his optimism at the company’s expansion into the health and wellness sector as an ingredient supplier and the integration of BayMedica’s operations and team into its ongoing activities. A recent article reads: “While noting how recent product launches have allowed the company to top its revenue estimates, Mr. Adams was also keen to point out its ongoing commitment to launch even more products in the coming months. He…

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WednesdayMar 23, 2022 12:54 pm

CannabisNewsBreaks – Advanced Container Technologies Inc. (ACTX) Engages IBN for Corporate Communications Expertise

Advanced Container Technologies (OTC: ACTX), the exclusive U.S. distributor of automated indoor “micro-farms” called Grow Pods and related equipment and supplies, today announced that it has selected the corporate communications expertise of IBN (InvestorBrandNetwork), a multifaceted financial news and publishing company for private and public entities. As part of the 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 additional outreach tools to generate greater awareness for Advanced Container Technologies. “The USDA has stated that vertical farming practices utilizing indoor micro-farms are no longer…

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WednesdayMar 23, 2022 11:43 am

CannabisNewsBreaks – Grapefruit USA Inc. (GPFT) Premiere Cannabis Concentrate Brand to be Distributed in California

Grapefruit USA (OTCQB: GPFT), an innovative California-based cannabiotech company, has announced that Summit Boys, its premiere cannabis concentrate brand, will be available in the state of California through an agreement with Greenline Distribution of Monterey County, California. According to the announcement, Greenline is an award-winning cannabis cultivator and distributor, and is the creator of its own super-potent Orange Tree and Bananimal cannabis strains. “We are pleased that Grapefruit has partnered with Greenline to secure full-service distribution for its Summit Boys brand in California,” said Grapefruit CEO and cofounder Bradley J. Yourist in the press release. “The highly experienced Summit Boys…

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WednesdayMar 23, 2022 11:16 am

CannabisNewsBreaks – Flora Growth Corp. (NASDAQ: FLGC) New Brand Partners with Greenyard to Expand into Europe

Flora Growth (NASDAQ: FLGC), a leading all-outdoor cultivator and manufacturer of global cannabis products and brands, has announced that its recently acquired JustCBD brand is planning to open four brick-and-mortar locations in 2022 in the Czech Republic and Germany, with an additional 50 store openings planned in 2023. The company is partnering with German-based Greenyard to manage the new retail locations, which are under construction with planned openings in Q2 2022. Flora Growth anticipates additional growth throughout Europe moving forward. According to the announcement, the new stores will offer JustCBD’s complete product line, including gummies, tinctures, vape cartridges, creams, pet…

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FridayMar 18, 2022 1:01 pm

CannabisNewsBreaks – American Cannabis Partners’ Rare Approach Sets It Apart in Competitive Industry

American Cannabis Partners (“ACP”), a sustainable Jamaican experience canna-business innovator contending for first place in the U.S. cannabis industry, relies on proven strategies such as mergers and acquisitions to strengthen its position in a competitive market. For ACP, due diligence is a top priority before acquiring any assets. Its website notes that its sights are set on listings in cannabis-friendly states, cannabis population demand, agricultural zoning, available licenses, and market value. ACP purchases land and equipment in full to keep it debt-free and liquid. After completing acquisitions, the company undertakes cost-effective measures to update and appraise properties to increase market…

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