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TuesdayFeb 13, 2018 10:34 am

CannabisNewsBreaks – Global Payout, Inc. (GOHE) Subsidiary Bolsters PotSaver Sales Team

Payment solutions company Global Payout, Inc. (OTC: GOHE), through majority-owned subsidiary MoneyTrac Technology, Inc. (“MTRAC”), this morning announced that it has expanded the sales team for its PotSaver brand in an effort to extend its reach beyond the San Diego market and into surrounding metro areas, including Los Angeles. PotSaver is focused on bolstering advertising opportunities and providing compliance services for operators in the newly-formed recreational cannabis markets of California. The company has strengthened its San Diego publication’s advertiser base in recent weeks following entry into an agreement with digital media platform operator EyeChronic.TV, and it expects to release its…

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TuesdayFeb 13, 2018 9:21 am

CannabisNewsBreaks – PotNetwork Holding, Inc. (POTN) Achieves Record-Breaking Revenues in January

PotNetwork Holding, Inc. (OTC: POTN), through wholly-owned subsidiary Diamond CBD, Inc., this morning announced its revenues for January 2018, which marked the company’s highest monthly sales results thus far. Per the release, Diamond CBD recorded revenues of $2.19 million for the first month of 2018, marking a month-over-month increase of roughly 50 percent as compared to December’s total of $1.46 million. “We have moved into 2018 with continuing growth in our sales results which has heightened our expectations for the year,” Richard Goulding, MD, CEO of PotNetwork, stated in the news release. “In 2017 we experienced steady growth and with…

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MondayFeb 12, 2018 9:53 am

CannabisNewsBreaks – Pivot Pharmaceuticals Inc. (PVOTF) Issues Corporate Update

Vancouver-based biopharmaceutical company Pivot Pharmaceuticals Inc. (OTCQB: PVOTF) this morning issued a corporate update detailing its recent activity. Per the release, the company has had a “very active” start to the current calendar year, with its management team working to build a “differentiated” company in the cannabis sector by focusing on improving the cannabis consumer experience with scientifically-derived products. Pivot’s notable corporate highlights include its proposed acquisitions of ERS Holdings, LLC and Thrudermic, LLC; its ongoing product development efforts; its growing IP portfolio; its termination of a previously announced standstill agreement; out-licensing of its IP; and its engagement of an…

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MondayFeb 12, 2018 9:21 am

CannabisNewsBreaks – PotNetwork Holding, Inc. (POTN) Releases Unaudited Financial Statements for FY2017

PotNetwork Holding, Inc. (OTC: POTN) this morning announced the release of its unaudited financial statements for fiscal year 2017. Owing to the rapid growth of its wholly-owned Diamond CBD, Inc. subsidiary, PotNetwork achieved revenues of $14.5 million in calendar 2017. Per the update, this trend of strong sales has continued into 2018, and the company intends to report its January sales figures by mid-February. PotNetwork also provided an update regarding its ongoing PCAOB audit in this morning’s news release. Due to factors beyond the company’s control, the audit has taken longer than originally projected. In an effort to combat these…

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FridayFeb 09, 2018 1:52 pm

CannabisNewsBreaks – Skinvisible, Inc. (SKVI) Takes Aim at PTSD-related Suicides through Quoin Partnership

Skinvisible, Inc. (OTCQB: SKVI) is working toward developing a transdermal treatment for post-traumatic stress disorder through its patented Invisicare® technology that could address the devastating number of veteran suicides that occur throughout the country. The company’s proposed merger with Quoin Pharmaceuticals would direct Skinvisible’s drug delivery capacity to boost the bioavailability of Quoin’s promising pharmaceuticals. An article discussing this reads: “Skinvisible, through its wholly owned subsidiary Skinvisible Pharmaceuticals, Inc., has already developed, licensed and sold multiple dermatology and health care products, as well as various medical treatments, using its patented Invisicare® technology. … Quoin’s two lead products are targeting crises…

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FridayFeb 09, 2018 12:53 pm

CannabisNewsBreaks – Pivot Pharmaceuticals Inc. (PVOTF) Working on Delivery of Smokeless Cannabinoid Options

Pivot Pharmaceuticals Inc. (OTCQB: PVOTF) is focused on providing the health care marketplace with nutraceutical and pharmaceutical options for treating certain unmet needs. That extends to the medical cannabis industry, where the lack of a robust smokeless delivery system has troubled cannabinoid producers. An article discussing this reads: "Transdermal delivery provides the benefit of enabling patients to access a steady stream of medication over a prolonged period with fewer side effects. Pivot Pharmaceutical’s newly created subsidiary, Pivot Green Stream Health Solutions Inc. (“Pivot Green Stream”), will focus on improving the bioavailability of cannabinoid-based and pharmaceuticals. BiPhasix™ has been tested in…

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FridayFeb 09, 2018 11:48 am

CannabisNewsBreaks – PotNetwork Holding Inc. (POTN) Sales Drive Optimistic Share Price Target

PotNetwork Holding Inc. (OTC: POTN) has reported favorable monthly sales data and a strong quarterly filing in its drive to produce high-grade CBD for use in oils, tinctures, edibles and vape liquids. This performance is, in turn, generating forecasts for a heightened share price. The holding company for a number of subsidiaries in the hemp-extract medical cannabis industry, PotNetwork has been named 'One of Five Notable CBD Revolution Industry Leaders' by media outlet The Huffington Post. An article discussing this reads: "A recent comprehensive report by SeeThruEquity highlighting PotNetwork Holding Inc. (OTC: POTN) and its subsidiary, Diamond CBD, projected a…

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FridayFeb 09, 2018 9:46 am

CannabisNewsBreaks – The Green Organic Dutchman Holdings Ltd. Secures Financing Boost for Cannabis Facilities Expansion

Ultra-low cost organic cannabis producer The Green Organic Dutchman Holdings Ltd., also known as TGOD, has benefited from strategic investments by marijuana industry powerhouse Aurora Cannabis Inc. (OTCQX: ACBFF) (TSX: ACB) and other private placement financing, with its total financing climbing to $160 million. The Aurora investment in TGOD is accompanied by a supply agreement providing Aurora the right to purchase up to 20 percent of TGOD’s annual production of organic cannabis, and TGOD will receive additional services from Aurora and its subsidiary, Aurora Larssen Projects Inc. ("ALPS"). An article discussing this reads: “The investment fully funds the expansion of…

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ThursdayFeb 08, 2018 11:38 am

CannabisNewsBreaks – SinglePoint, Inc. (SING) President Featured in Article Discussing Treasury Secretary’s Recent Cannabis Banking Comments

SinglePoint, Inc. (OTCQB: SING) President Wil Ralston was featured in an article posted earlier this week by Green Market Report examining Treasury Secretary Steve Mnuchin’s recent comments regarding the bankability of the cannabis industry. In an appearance before the House Financial Services Committee related to the Financial Stability Oversight Council’s (FSOC) annual report, Mnuchin stated, “We do want to find a solution to make sure that businesses that have large access to cash have a way to get them into a depository institution for it to be safe.” In response to this comment, Ralston stated, “This is a great step…

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ThursdayFeb 08, 2018 11:07 am

CannabisNewsBreaks – Earth Science Tech, Inc. (ETST) Unveils Launch Date for Revamped Industrial Hemp CBD Products

Science-based biotechnology company Earth Science Tech, Inc. (OTC: ETST) this morning announced the launch of its revamped industrial hemp cannabidiol (“CBD”) products. Per the update, the company’s highly anticipated High Grade Full Spectrum Cannabinoids – composed of European CO2, supercritical extracted, organically grown and unfiltered industrial hemp – will officially launch on February 13, 2018, alongside a corresponding marketing strategy, as detailed in early December 2017. Upon release of this product line, ETST will become one of the first companies to market its industrial hemp product as a Cannabinoid Complex instead of CBD, disclosing the milligrams of each cannabinoid. “Between…

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