NewsRoom Articles - Page 402 of 603

MondayAug 26, 2019 1:33 pm

VPR Brands LP (VPRB) Reports 31% Jump in Sales, Uplists to OTCQB Venture Market

Citing larger distributor and private-label orders, VPRB reported revenues of $1.58 million for Q2 2019 The company also reported a 31 percent increase in sales VPRB attained an uplisting to the OCTQB Venture Market VPR Brands LP (OTCQB: VPRB), a multi-vertical, tiered company in the cannabis space, has increased its sales significantly through larger distributor and private-label orders, growing its quarterly figure to $1.58 million for the three-month period ended June 30 to record a 31 percent increase over the same period of 2018. VPRB also reported a 31 percent year-over-year sales increase for the six months ended June 30,…

MondayAug 26, 2019 11:50 am

Nabis Holdings Inc. (CSE: NAB) (OTC: NABIF) (FRA: 71P) Inks Agreement Increasing Cannabis Holdings in Arizona’s Greening Desert

Cannabis investment building company Nabis Holdings is establishing a profile of synergistic and vertical properties across the United States The company recently announced an agreement to gain 100 percent of the membership units in a Phoenix-based medical marijuana asset, including a dispensary in a community that serves more than 132,000 unique patients The acquisition adds to Nabis’ already growing profile in the state, including a broad dispensary network, cultivation facility and greenhouse north of Phoenix Nabis expects its revenues to see a sharp increase during the next two years with its acquisition strategy Vertically integrated cannabis specialty investment company Nabis…

MondayAug 26, 2019 4:20 am

420 with CNW – Missouri Receives More than 2,100 Medical Marijuana Business Applications

The Department of Health in Missouri announced earlier this week that it had received 2,163 applications from companies that wanted to operate medical cannabis facilities in the state. This tally reflects the applications that were received by the time the 4:30 pm Monday deadline clocked. Only a small fraction of those applicants will be given licenses by the end of this year since the number of dispensary licensees required is 192 while 86 licenses will be given to manufacturing facilities. 60 licenses are earmarked for medical marijuana cultivators while ten are for testing facilities. This means that the state will…

FridayAug 23, 2019 4:20 pm

420 with CNW – Federally Funded Journal Reveals How Prohibition is Endangering Marijuana Consumers

It is ironical that federal dollars were used to publish a journal report which blames the federal prohibition of marijuana for putting cannabis consumers at risk since there is no federal guidance on the safety standards that the industry should adhere to. Environmental Health Perspectives, an open access journal whose work is supported by funding from the National Institutes of Health, published this damning report in its edition for this week. The report observes that because marijuana is still considered an illegal drug by the federal government, regulatory agencies like the FDA and the EPA cannot provide guidance to the…

FridayAug 23, 2019 12:18 pm

MustGrow Biologics Corp. (CSE: MGRO) Building Suite of Natural Biologic Products for Cannabis and Other Industries

MustGrow Biologics is developing mustard-based pest control products that can be sold on an industrial scale to help cannabis, fruit & vegetable, turf & ornamental and tobacco producers MustGrow’s non-synthetic focus on alternatives to chemical pesticides grants it a position of responsibility during an era when pesticide poisoning reports are increasing The company is turning its attention to the needs of the tobacco industry and the burgeoning cannabis industry in Canada The ever pressing need to make produce available to people rather than the insects that prowl gardens and agricultural fields has led to the development of a wide array…

FridayAug 23, 2019 4:20 am

420 with CNW – Thai State Hospitals Start Distributing Marijuana Oils

Thai state hospitals have stocked up on cannabis oils and are ready to start dispensing them to patients, according to a press release by Anutin Chanvirakul, the Public Health Minister who also doubles as the Deputy Prime Minister of Thailand. Chanvirakul revealed that Thai state hospitals received a total of 4,500 bottles of marijuana extracts starting on August 7 as a result of the law which was passed in December to make medical cannabis legal in the Asian country. Under this new law, the government will be responsible for regulating the production, processing and sale of medical marijuana products. Companies…

ThursdayAug 22, 2019 4:20 pm

420 with CNW – Study Finds Cannabis Flower Tops Other Cannabis Products in Providing Pain Relief

A study whose findings were published towards the end of July has found that dried marijuana flower provides the highest level of pain relief when compared to other marijuana products. This conclusion was made after analyzing the data collected by an app which allows medical marijuana users to track the effects of the different medical marijuana products and dosage for different health conditions. The New Mexico University researchers wrote that higher THC concentrations in marijuana flower and other cannabis products were associated with better pain relief outcomes among the patients who used the Releaf App to track their medical cannabis…

ThursdayAug 22, 2019 11:46 am

Nabis Holdings Inc. (CSE: NAB) (OTC: NABIF) (FRA: 71P) Enters Alternative Cannabis Consumption Market With 49% Acquisition of Cannova

Nabis Holdings is working toward the fulfilment of its strategic expansion strategy in the cannabis field through acquisitions like the recent one of Cannova The investment goals of the Canadian investment issuer focus on numerous facets of the cannabis industry, including technology development The agreement with Cannova gives Nabis exclusive distribution rights to Cannova’s sublingual strips and all of the related technology Nabis Holdings Inc. (CSE: NAB) (OTC: NABIF) (FRA: 71P) is working toward its strategic investment goal through a recently announced 49 percent acquisition of Cannova Medical Ltd., a provider of innovative solutions for cannabis consumption (http://cnw.fm/zpZ2n). Nabis aims to…

ThursdayAug 22, 2019 10:20 am

The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Gives Outsized Revenue Guidance, Closes on Truverra Acquisition

SPRWF recorded revenues of approximately $19 million net of excise tax for Q4 2019, representing a jump of over 400 percent Supreme Cannabis forecasts net revenue for fiscal 2020 in the range of $150 million to $180 million The company recently closed on its acquisition of privately held Truverra for 14.7 million common shares The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) recently announced preliminary figures for the quarter ended June 30, 2019, and for its full fiscal year 2019 (http://cnw.fm/S1fOo). Preliminary figures show sales of $19 million net of excise tax for the three-month period. The company…

ThursdayAug 22, 2019 9:00 am

Hemp Industry Benefiting from U.S.-Chinese Trade War

CannabisNewsWire Editorial Coverage: While the huge increase in U.S. consumer demand from hemp extracts and hemp product is largely credited as the reason for the boom in the number of hemp acres under cultivation, there is a significant additional part of the hemp-growth story to tell. With a pending acquisition in the cultivation supply market, Sugarmade Inc. (OTCQB: SGMD) (SGMD Profile) appears to be well poised to become a strong pick-and-shovel provider to the hemp industry. Even the large cultivators and suppliers are now getting in the hemp market. One of the first companies of the larger players to make…