CannabisNewsBreaks

TuesdayJan 18, 2022 12:00 pm

CannabisNewsBreaks – Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) to Centralize Distribution for ‘House of Premium Brands’ in Michigan

Red White & Bloom Brands (CSE: RWB) (OTCQX: RWBYF) is a multistate cannabis operator and house of premium brands. The company, via its RWB Michigan LLC wholly owned subsidiary, has closed on a lease assignment for a 15,000-square-foot manufacturing/processing and distribution facility in Warren, Michigan, and has been issued both medical and adult use (aka “recreational”) licenses. “This Warren facility allows us to centralize distribution for our ‘house of premium brands’ in Michigan and finally report all of our Platinum Vape(TM) wholesale sales on a much less confusing and straightforward basis,” said RWB CEO and Chairman Brad Rogers. “We will…

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FridayJan 14, 2022 12:51 pm

CannabisNewsBreaks – Lexaria Bioscience Corp. (NASDAQ: LEXX) Leveraging DehydraTECH(TM) to Deliver More Effective Oral Medicine

Lexaria Bioscience Corp. (NASDAQ: LEXX), a global innovator of drug delivery platforms, is increasing the effectiveness of orally administered drugs. With oral absorption being the most convenient and widely used route for taking medications, decades of research have advanced the understanding of critical factors controlling oral bioavailability. Scientists are now better understanding the physiological function and formulation functionality that has been used in designing improved and more desirable oral medicine delivery through extensive research. Lexaria is accomplishing this through its patented DehydraTECH(TM) technology. “DehydraTECH improves the way that active pharmaceutical ingredients (‘APIs’) make their way into the bloodstream. This is…

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FridayJan 14, 2022 12:33 pm

CannabisNewsBreaks – Marijuana Company of America Inc.’s (MCOA) Strong Financial Performance Reflects Successful Diversification Capabilities, Organic Growth

Marijuana Company of America (OTC: MCOA) is uniquely positioned to benefit from the cannabis market’s growth and associated opportunities as more states and countries worldwide push for the legalization of cannabis. MCOA offers diverse operations that include its cDistro distribution company, as well as hempsmart(TM) and VBF brands, a premium CBD company and a cannabis nursery cultivation facility in Salinas, California, respectively. In addition, the company is building its portfolio of investments and joint ventures, representing the highest standards of professionalism and integrity in the legal cannabis and industrial hemp markets. “MCOA recently reported a significant milestone, reaching the highest…

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ThursdayJan 13, 2022 3:32 pm

CannabisNewsBreaks – Alternative Products Expo Announces March Debut with Thousands of Products Under One Roof

The first Alternative Products Expo of 2022 will be held March 11–13, 2022, at the Broward County Convention Center in Ft. Lauderdale, Florida. Formerly known as the USA CBD Expo, the Alternative Products Expo features more than 50 expert speakers and insightful presentations, as well as more than 300 vendors providing a look at thousands of alternative products. Presented by 3Chi, the nation’s largest CBN and Delta-8 distributor, the upcoming expo builds on the foundation established by the USA CBD Expo, which had grown to become North America’s largest CBD-focused event. The new event has added a more comprehensive overview…

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ThursdayJan 13, 2022 3:06 pm

CannabisNewsBreaks – BevCanna Enterprises Inc.’s (CSE: BEV) (OTCQB: BVNNF) (FSE: 7BC) Strong Financial Results Evidence Continued Execution, Brands’ Impact on Market

BevCanna Enterprises (CSE: BEV) (OTCQB: BVNNF) (FSE: 7BC), a diversified health and wellness beverage and natural products company, recently released its unaudited financial results for the fiscal quarter ended Sept. 30, 2021. The company saw revenues increase by more than 1,000% to $1.1 million with a gross profit of $356,168, a significant turnaround from the loss of $40,280 recorded in Q3 2020. A recent article quotes BevCanna Chief Financial Officer John Campbell as saying, “As we closed out the third quarter, we delivered impressive revenue growth of more than 1,000%, achieving $1.1 million in sales, compared to $94,000 in the…

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ThursdayJan 13, 2022 2:15 pm

CannabisNewsBreaks – Cannabis Strategic Ventures Inc. (NUGS) Strengthening Position Amid Growing Support for Cannabis Legalization

Cannabis Strategic Ventures (OTCQB: NUGS), an emerging leader in the U.S. cannabis marketplace, is one of the companies set to benefit as a growing number of Americans across various age groups and political affiliations support the legalization of cannabis. While cannabis remains an illegal substance federally, a growing number of states have legalized the substance. Cannabis Strategic Ventures, which is establishing a strong foothold in the industry, is guided by the vision to acquire and scale assets in the legal cannabis market while achieving efficiencies through economies of scale and vertical integration. A recent article reads, “As part of that…

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WednesdayJan 12, 2022 12:57 pm

CannabisNewsBreaks – Sugarmade Inc. (SGMD) Verticalizing Operations, Expanding End-Market Access in California Cannabis Delivery Marketplace

Sugarmade (OTC: SGMD), an innovator in the dynamic California cannabis sector, is leveraging the combination of NUG Avenue’s high performance and new delivery technology as it moves forward with expansion plans. NUG, which opened its doors at its initial location in March 2021, had gathered more than 10,000 unique members by the end of June 2021. This growth has only increased. NUG Avenue has also added new technology designed specifically to strengthen the company’s competitive advantage in its core delivery zone. Additionally, SGMD has submitted all documentation for the opening of a second NUG Avenue location. The company’s management is…

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WednesdayJan 12, 2022 12:49 pm

CannabisNewsBreaks – American Cannabis Partners Poised for Growth Amid Global Supply Chain Disruptions

American Cannabis Partners (“ACP”), a Jamaican experience canna-business innovator, has sought to establish a foothold in two key U.S. cannabis markets – California and Michigan – through a sustainable, vertically integrated model. The company now plans to expand into its third U.S. state in 2022 and its fourth in 2024. The company, which has acquired 12 cannabis cultivation and retail licenses, currently supplies approximately 80% of its whole flower product to third-party manufacturers and distributors; the remaining 20% is used in the manufacture and sale of its exclusive in-house brand, ZÜK. “In addition to its self-sustaining model, American Cannabis Partners…

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TuesdayJan 11, 2022 2:10 pm

CannabisNewsBreaks – AmeriCann (ACAN) Achieves 225% YOY Revenue Growth

AmeriCann (OTCQB: ACAN), a cannabis company that develops state-of-the-art cultivation, product manufacturing and distribution facilities, today announced that the company’s year-over-year revenue growth exceeded 225% from the calendar year of 2020 to 2021. AmeriCann attributes the increase in financial performance to greater revenue received from products produced and manufactured at the company's initial development at its Massachusetts Cannabis Center in Freetown, Massachusetts. Among the highlights for the 12 months ended December 2021, AmeriCann reported an increase of 225% in operating revenue for the 12 months ended December 2021 as compared to the prior year. In addition, the company achieved positive…

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TuesdayJan 11, 2022 11:44 am

CannabisNewsBreaks – Flora Growth Corp. (NASDAQ: FLGC) Announces Completion of First Cannabis Extraction Through New Facility

Flora Growth’s (NASDAQ: FLGC) wholly owned subsidiary, Cosechemos, has produced the first batch of crude oil through its newly constructed extraction facility. FLGC, a leading all-outdoor cultivator and manufacturer of global cannabis products and brands, made the announcement, adding that the 10,500-square-foot plant, which has an annual capacity to produce 15,000 L of distillate, is also taking steps to become EU-GMP certified. Full certification will allow the company to export medical-grade cannabis derivatives to international markets. The plant is Flora Growth’s primary processing location and facilitates the drying and processing of the company’s all-outdoor cultivated flower into finished, packaged dry…

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