CannabisNewsBreaks

ThursdayAug 05, 2021 12:48 pm

CannabisNewsBreaks – Hero Technologies Inc. (HENC) Plans Expansion Leveraging Subsidiaries, Strategic Business Model

Hero Technologies (OTC: HENC) is guided by a strategic business plan that includes cannabis genetic engineering, cultivation space for both medical and recreational cannabis, licenses for production and distribution, consumer packaging, and retail and dispensary operations. “The company is planning expansion in cultivation and dispensary operations into both Colorado, through its wholly owned subsidiary Mile High Green LLC, and Massachusetts, through wholly owned subsidiary MassCannabis LLC,” reads a recent article. Its wholly owned subsidiary, BlackBox Systems and Technologies, which intends to install Cere’s EcoLoop(TM) — a high-tech, low-cost solution for growing cannabis — on its 120-acre property in Fairfield, Michigan,…

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ThursdayAug 05, 2021 12:33 pm

CannabisNewsBreaks – BevCanna Enterprises Inc. (CSE: BEV) (OTCQB: BVNNF) (FSE:7BC) Boasts Unique, Diverse Portfolio of Natural Health Products

BevCanna Enterprises (CSE: BEV) (OTCQB: BVNNF) (FSE: 7BC), a diversified health and wellness beverage and natural products company, early this year completed the acquisition of Naturo Group, marking its expansion in the U.S. infused functional beverage market. The acquisition created an ideal situation for BevCanna to compete more effectively in the traditional functional beverage category. BevCanna is a leader in the cannabis-infused beverage and nutraceutical industry, while Naturo Group’s innovative plant-based mineral beverage and supplement brand, TRACE, and significant manufacturing infrastructure and international distribution networks, form the foundation of an industry-leading health and wellness company. “With the acquisition completed in…

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ThursdayAug 05, 2021 11:46 am

CannabisNewsBreaks – Sugarmade Inc. (SGMD) Eyes Making ‘Big Impact on the LA Cannabis Delivery Marketplace’

Sugarmade (OTC: SGMD) is leveraging its position as a 70% stakeholder in NUG Avenue, a Southern California-based cannabis delivery service. This bodes well for the company as consumers are increasingly relying on home delivery for many goods, including cannabis. California, the largest state economy in the country and the sixth largest economy in the world, also tops the global marijuana market. A recent Forbes article reported that the state’s cannabis sales hit $4.4 billion last year, up 57% from the year prior (https://cnw.fm/6z503). “We strongly believe the LA delivery market is the prime spot for expansion of our business,” Sugarmade CEO…

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ThursdayAug 05, 2021 10:21 am

CannabisNewsBreaks – Grapefruit USA Inc.’s (GPFT) Hourglass(TM) Products Hit the Shelves in One Plant Dispensaries Throughout California

Grapefruit USA (OTCQB: GPFT), a premiere California-based cannabis and hemp company, today announced that One Plant’s eight retail cannabis dispensaries from the California counties of Santa Barbara to Santa Cruz are all now featuring Grapefruit’s Hourglass(TM) Time-Release THC+CBD Delivery Topical Relief Cream. “It is gratifying that we have been able to place the company’s Hourglass products in the One Plant dispensaries throughout California, after months of COVID–related delays,” said Bradley J. Yourist, Grapefruit’s CEO and co-founder. “Grapefruit is confident that as we continue to educate licensed cannabis retailers about the many benefits of the Hourglass time-release THC and cannabinoid delivery…

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WednesdayAug 04, 2021 12:42 pm

CannabisNewsBreaks – Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) Closes on Acquisition of Florida Greenhouse

Red White & Bloom (CSE: RWB) (OTCQX: RWBYF), a multistate cannabis operator and house of premium brands, has purchased a fully operational greenhouse with the purpose of advancing the company’s cultivation and production initiatives in Florida. The 45,000,000-square-foot greenhouse is located on 4.7 acres in Apopka. The company anticipates cultivating and harvesting in the new greenhouse by fourth quarter 2021. Red White & Bloom is currently building its own 114,000,000-square-foot facility, and the new greenhouse will provide near-term cultivation opportunities while that construction is underway. The company is focusing efforts on ensuring the new acquisition meets all compliance standards for…

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TuesdayAug 03, 2021 12:36 pm

CannabisNewsBreaks – HempFusion Wellness Inc. (TSX: CBD.U) (OTCQX: CBDHF) (FWB: 8OO) Closes Apothecanna Acquisition

HempFusion Wellness (TSX: CBD.U) (OTCQX: CBDHF) (FWB: 8OO), a leading health and wellness company offering premium probiotic supplements and products containing CBD, has completed its previously announced acquisition of APCNA Holdings LLC (“Apothecanna”). According to the update, Apothecanna achieved revenue of over $3.8 million in 2020, which now triples HempFusion’s historical proforma revenue to ~$12 million with significant expansion planned for 2021 and beyond. This makes the acquisition immediately accretive to the company. “With the recent Sagely Naturals acquisition and now closing of the Apothecanna acquisition, HempFusion is in its strongest position to date. Not only have we significantly increased…

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FridayJul 30, 2021 1:00 pm

CannabisNewsBreaks – American Cannabis Partners Replicating Jamaican Techniques to Create Distinct Product

American Cannabis Partners (“ACP”), a sustainable Jamaican experience canna-business innovator, is replicating the growing, feeding, temperatures, harvesting and curing processes of Jamaican techniques to create a product unlike those produced by any other grower in the United States. “An important factor in all of this is ACP’s close personal and positive relationship with the nation and people of Jamaica; a deep awareness of needs and not just business numbers,” reads a recent article. “American Cannabis Partners employs a staff that is 90% Jamaican, hand-picked through what the company describes as an extremely difficult vetting process. Selection requires not only the…

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FridayJul 30, 2021 12:41 pm

CannabisNewsBreaks – Sugarmade Inc. (SGMD) Moves Closer to Vertically Integrated Cannabis Model

Sugarmade (OTC: SGMD), an innovator in the dynamic California cannabis sector, has made a series of strategic acquisitions to strengthen its positioning in the industry. The company, already a central player in California’s expanding cannabis delivery space, is focused on developing a full farm-to-door vertically integrated cannabis business model. As part of this effort, Sugarmade recently signed a memorandum of understanding to obtain three non-storefront California cannabis licenses from the Los Angeles Department of Cannabis Regulation, as well as corresponding licenses from the California Bureau of Cannabis Control. The combined licenses provide the foundation for the opening of three new…

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FridayJul 30, 2021 12:14 pm

CannabisNewsBreaks – Chalice Brands Ltd. (CSE: CHAL) (OTCQB: CHALF) Leveraging Perfect Fit in Oregon Footprint Expansion

Chalice Brands (CSE: CHAL) (OTCQB: CHALF), a consumer-driven cannabis company in medicinal and recreational marijuana market segments, recently announced the acquisition of Homegrown dispensaries, which brought a chain of five Oregon-based retail dispensaries under its umbrella. The acquisition, which comes as business is booming for cannabis companies, expands Chalice’s retail stores from 7 to 12 locations in the state of Oregon. “We have been diligently searching for the appropriate footprint expansion for our retail business in Oregon that represented the right fit and to be in a position to fund the acquisition,” Chalice Brands president and CEO Jeff Yapp was…

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FridayJul 30, 2021 11:17 am

CannabisNewsBreaks – The Alkaline Water Company Inc. (NASDAQ: WTER) (CSE: WTER) Announces Strategic CMO Appointment

The Alkaline Water Company (NASDAQ: WTER) (CSE: WTER), the country’s largest independent alkaline water company, today announced that Tom Hutchison has joined the company as chief marketing officer (“CMO”). Hutchison will lead the company in developing and implementing marketing strategies, including exciting new marketing campaigns and product collaborations with Shaquille O’Neal. “The management team and our board are delighted to find such a strong leader like Tom Hutchison to join our team,” said Ricky Wright, president and CEO of The Alkaline Water Company. “Tom will be leading our company’s first-ever comprehensive, omnichannel marketing campaign with the legendary Shaquille O’Neal. Combining…

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