CannabisNewsBreaks

MondayDec 20, 2021 12:31 pm

CannabisNewsBreaks – BevCanna Enterprises Inc. (CSE: BEV) (OTCQB: BVNNF) (FSE: 7BC) Ranks in List of Top 101 Canadian F&B Startups and Companies

BevCanna Enterprises (CSE: BEV) (OTCQB: BVNNF) (FSE: 7BC), an emerging leader in innovative health and wellness beverages and products, has been named one of the 101 Top Food and Beverage Startups and Companies in Canada by Best Startup Canada. The ranking recognizes the company’s leadership position within both the food & beverage and cannabis product categories. Companies listed in the rankings include cutting-edge startups and established brands alike, but each company is known for innovation within their sector, exceptional growth and societal impact. BevCanna was within the group of selected companies that exhibited exceptional performance. In addition, BVNNF was also included within…

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FridayDec 17, 2021 2:58 pm

CannabisNewsBreaks – Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) Focused on Florida Ahead of ‘Massive Medical Marijuana Boom’

Red White & Bloom Brands (CSE: RWB) (OTCQX: RWBYF), a multistate cannabis sector operator, is off to a strong start in building its high-quality flower resource for product inventory at dispensaries throughout Florida. The company has been working to launch growing operations at its Apopka, Florida-based cultivation location, adding 19,200 square feet of production expected to deliver $30 million in annual revenues. The pods were approved by the state health department’s Office of Medical Marijuana Use (“OMMU”) with licensing granted just before Halloween, with five already in use for plant growth at that time with the remainder fast-tracked for output.…

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ThursdayDec 16, 2021 10:54 am

CannabisNewsBreaks – RYAH Group Inc. (CSE: RYAH) to Collaborate with OMNI Medical Services for Cannabis Study in Treatment of COVID-19

RYAH Group (CSE: RYAH), a connected device and big data and technology company focused on valuable predictive analysis in the global medical plant and nutraceutical intake industry, has announced plans for a U.S. clinical study focused on treatment COVID-19. RYAH will be partnering with OMNI Medical Services to perform the U.S.-based clinical study evaluating patients using inhalation of medical cannabis to both treat and prevent the coronavirus. The study, which will run for five years, will involve the use of RYAH’s Smart Inhaler devices and will involve up to 11,000 of OMNI’s patients across the country. Phase 2 of the…

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WednesdayDec 15, 2021 2:45 pm

CannabisNewsBreaks – American Cannabis Partners Leverages Business Model Designed to Ensure Quality, Diversity of End Product

American Cannabis Partners (“ACP”), a sustainable Jamaican experience canna-business innovator, has centered its business model around three key pillars: the acquisition of prime, arable agricultural land; the development of proprietary assets; and ongoing cultivation operations. ACP now operates over 540,000 square feet of licensed canopy space for cultivation spread across the states of California and Michigan, with the company possessing the second-largest growing license within the latter state. A recent article reads, “American Cannabis Partners has designed its business model to help ensure the quality and diversity of its organic end product, a step which should assist in boosting the…

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WednesdayDec 15, 2021 1:44 pm

CannabisNewsBreaks – Marijuana Company of America Inc. (MCOA) Completes Strategic Acquisition, Expands Footprint in Country’s Largest Cannabis Market

Marijuana Company of America (OTC: MCOA), a diversified holding company with operations and investments throughout the cannabis industry, today announced that it has recently completed the acquisition of VBF Brands Inc. A Salinas, California-based marijuana cultivator and distributor, VBF was previously a wholly-owned subsidiary of Sunset Island Group Inc. (OTC: SIGO). MCOA expects that, based on activity since the acquisition was consummated in Q3 2021, the transaction will continue to be highly accretive to the company's EBITDA expectations for 2022 and will work towards increasing production at a nearby Salinas-based facility that also offers exponential growth opportunities with other nearby…

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TuesdayDec 14, 2021 2:19 pm

CannabisNewsBreaks – Marijuana Company of America Inc.’s (MCOA) Strong Performance Reflects Ability to Execute on Diversification Strategy

Marijuana Company of America (OTC: MCOA) is a diversified holding company that is looking to grow its business and further establish itself in the legalized cannabis THC, hemp and cannabidiol (“CBD”) industries. MCOA recently achieved the highest quarterly revenue in its history and expects to drive continued growth across the entire business. “As part of the financial results for three months ended Sept. 30, 2021 (‘Q3 2021’), the company reported $442,178 in revenue, up from $53,195 in revenue reported in Q3 2020. This represented a 731% year-on-year increase. In addition, the company’s gross profits grew by 297%, from $16,025 reported…

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TuesdayDec 14, 2021 1:36 pm

CannabisNewsBreaks – Cannabis Strategic Ventures Inc. (NUGS) Continues Building ‘Full Farm-to-Sale Vertical Model’

Cannabis Strategic Ventures (OTCQB: NUGS), an emerging leader in the U.S. cannabis marketplace, recently announced the grand opening of its first Los Angeles-based, customer-facing MDRN (Modern) Tree cannabis dispensary. A recent article quotes NUGS CEO Simon Yu on the move, who stated, “We continue to build a full farm-to-sale vertical model, and MDRN Tree is a big part of that vision. It’s exciting to watch the pieces come together, and we look forward to supplying and growing the MDRN Tree brand and continuing to develop a model that will give our cultivation business wider distribution at potentially higher margins. Each…

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TuesdayDec 14, 2021 1:27 pm

CannabisNewsBreaks – Lexaria Bioscience Corp.’s (NASDAQ: LEXX) Study Results Expected to Demonstrate DehydraTECH-CBD’s Effectiveness Against Hypertension

Lexaria Bioscience (NASDAQ: LEXX, LEXXW), a global innovator in drug delivery platforms, today announced that its human clinical study HYPER-H21-3 is expected to complete all dosing and sample collection this week. The study, undertaken to examine the effects of DehydraTECH-CBD upon acute pulmonary hypertension, used a blinded design with administration of a single 300mg dose of a specific DehydraTECH 2.0 CBD formulation compared to placebo in a target group of sixteen enrolled volunteers. Subject to pending analysis of samples collected from the study, blood pressure results are expected to be reported soon. Exposure to acute reductions in oxygen tension (i.e.,…

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TuesdayDec 14, 2021 12:59 pm

CannabisNewsBreaks – Flora Growth Corp. (NASDAQ: FLGC) Announces Year-End Review Webinar

Flora Growth (NASDAQ: FLGC), a leading all-outdoor cultivator and manufacturer of global cannabis products and brands, will provide an overview on the company’s performance at a year-end review; the online event is scheduled for today, Dec. 14, 2021, at 4:30 p.m. ET. Flora Growth CEO Luis Merchan will host the webinar, which will include an update on the company’s 2021 operational performance as well as commentary on its 2022 revenue guidance of $35 to $45 million; the event will also include a Q&A session. Anyone interested in attending is invited to participate. Questions can be submitted in advance for the…

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MondayDec 13, 2021 1:18 pm

CannabisNewsBreaks – Flora Growth Corp. (NASDAQ: FLGC) Looking to Further Increase Share in Global Cannabis, Wellness Markets

Flora Growth Corp. (NASDAQ: FLGC), a company guided by the mission to build a connected, design-led collective of plant-based wellness and lifestyle brands that provide customers with a one-of-a-kind experience, recently announced it had closed the acquisition of Vessel Brand Inc., an industry leader in cannabis consumer technology. “This marks the addition of an exceptional brand builder with a proven track record of not only launching successful cannabis-related brands but also capturing market share in the rapidly-expanding United States cannabis landscape,” reads a recent article. “When making the announcement, Luis Merchan, the president and CEO of Flora Growth, noted, ‘With…

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