NewsRoom Articles - Page 446 of 605

ThursdayMay 02, 2019 4:20 pm

420 with CNW – Confident Cannabis Raises $12M for Nationwide Expansion

Confident Cannabis, a cannabis wholesale platform, has raised $12m to bring its total capitalization to more than $18m from their inception. The new funding is intended to enable the company to expand its operations into new territories across the country. The Series A funding round was led by Poseidon Asset Management, a cannabis venture capital fund based in San Francisco. Other entities that invested more funds in Confident Cannabis include Y Combinator, Bullpen Capital, FJLabs as well as Greenfield Global and Base Ventures. Confident Cannabis focuses on empowering all verticals within the cannabis industry so that all players, including cultivators…

ThursdayMay 02, 2019 11:47 am

Sproutly Canada Inc. (OTCQB: SRUTF) (CSE: SPR) (FRA: 38G) to Develop Non-Alcoholic Recreational Cannabis Beverage through Joint Venture

As the anticipated legalization of edible cannabis products approaches in Canada, Sproutly is developing an infused beverage lineup by entering into a joint venture with Canadian beer maker Moosehead Breweries The JV creates a standalone company drawing on Sproutly’s water-soluble Infuz2O technology and Moosehead’s decades of beverage market experience The proprietary Infuz2O technology offers the advantage of a controlled rapid-on/rapid-off effect, similar to recreational cannabis use but without being smoked The cannabis-infused beverage market is expected to generate revenues in the billions by 2024 as consumers seek alternatives to alcohol Sproutly Canada Inc. (OTCQB: SRUTF) (CSE: SPR) (FRA: 38G) will…

ThursdayMay 02, 2019 11:21 am

Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) Execs Sign Three-Year Contract Extensions, Ensuring Management Continuity

LXRP CEO Chris Bunka and President John Docherty have agreed to new, three-year contracts The new contract agreements are designed to provide management security with continuity of key officers The company recently canceled 1,140,000 stock options after negotiations with optionees Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) has successfully negotiated new three-year compensation contracts with key officers Chris Bunka, CEO, and John Docherty, president. The agreements offer LXRP and its shareholders the security of pursuing corporate growth within a seamless transition by providing management continuity. The renewal agreements are retroactive to January 1, 2019 (http://cnw.fm/q3UqT). The agreements offer both officers…

ThursdayMay 02, 2019 10:31 am

Earth Science Tech Inc. (ETST) Airs Infomercial, Plans to Add Other Markets and Networks

Company’s TV spot recently aired on Fox News, Lifetime and the Cooking Channel A Shark Tank entrepreneur introduces the commercial by explaining how ETST can address ‘aches and pains’ Infomercial campaign is also available online and on social media Earth Science Tech Inc. (OTCQB: ETST), a biotech company focused on the nutraceutical and pharmaceutical fields, is airing its ‘As Seen On TV’ infomercial in the New York market. During the 60-second spot, entrepreneur Kevin Harrington, an original shark on Shark Tank, explains that ETST’s full-spectrum cannabinoids can help with ‘aches and pains’ (http://cnw.fm/1KOwn). The infomercial (http://cnw.fm/cAk1b) is highly personal, focusing on the improvement…

ThursdayMay 02, 2019 10:22 am

Wildflower Brands Inc. (CSE: SUN) (OTCQB: WLDFF) Expands Cannabis Footprint in Europe with Key Acquisition Agreement

Wildflower Brands is poised to take its cannabis brand into Europe, beginning with Poland, thanks to its recently announced arrangement with major pharmaceutical distributor Two Towers Analysts anticipate a coming cannabidiol (CBD) boom in Europe, where related products are only just beginning to gain attention This and other acquisitions are seen as the first steps in Wildflower’s carefully planned strategy for international growth An agreement between wellness brand builder Wildflower Brands Inc. (CSE: SUN) (OTCQB: WLDFF) and wholesale medicinal product distributor Two Towers indicates that doors are opening to a potential array of important new markets for Wildflower as the…

ThursdayMay 02, 2019 10:08 am

This Week in Cannabis: Good News for Social Use Reform & Cannabis Research

This was a big week for cannabis, especially for social use reform. Below is a recap of the biggest news in cannabis from the last week. Social use reform is approved in Las Vegas and is one signature away in Colorado What happened: The Las Vegas City Council approved a measure this week that would legalize cannabis lounges in the city. It's the first municipality in the state to do so. The Colorado Legislature approved a bill that would legalize 'tasting rooms' within the state. The bill now goes to the Governor for final approval. Why it matters: Social use…

ThursdayMay 02, 2019 4:20 am

420 with CNW – Marijuana Investor Donates Millions to Harvard and MIT for Cannabis Research

Charles R. Broderick, a cannabis investor, has donated $9 million to his alma mater (Harvard and Massachusetts Institute of Technology-MIT) so that the two institutions can conduct research into the health effects of cannabis. The two academic institutions described the donation that they had received as the largest ever private funding into marijuana research. Speaking about his donation, Broderick said that the absence of sufficient scientific research on cannabis has allowed some players in the industry to make claims that may be hard to verify. He added that since prohibitionist laws are collapsing around the world, the time has come…

WednesdayMay 01, 2019 4:20 pm

420 with CNW – Trump Administration Opposed to Medical Cannabis for Military Veterans

The Department of Veterans Affairs has voiced its opposition to three bills that are intended to protect the VA benefits of veterans who use medical cannabis in states where it is legal, allow VA doctors to prescribe medical cannabis in states where it is legal and also expand research into the medical potential of cannabis. The VA officials were speaking during a congressional hearing on Tuesday (April 30). For example, Keita Franklin (suicide prevention national director in the VA department) was of the view that the bill compelling the VA department to conduct research on the medical benefits and risks…

WednesdayMay 01, 2019 12:26 pm

Hemptown USA Plans Exponential Expansion of Growing Capacity in 2019

In 2019, Hemptown USA expects to work on expanding its growing capacity to ensure the production of over one million pounds of biomass This is a part of the company’s expansion strategy, which aims to boost Hemptown’s hemp farming capacity to 2,500 acres by 2020 Hemptown is also working on the development of its premium CBD and CBG oil products, as well as isolates Hemptown USA, a proven grower of full-spectrum hemp biomass, anticipates a significant growing capacity expansion in 2019, as detailed by company founder and chairman Rod Wolterman in a CFN interview (http://cnw.fm/1dMr8). According to Wolterman, Hemptown farmed 110…

WednesdayMay 01, 2019 11:47 am

Plus Products Inc. (CSE: PLUS) (OTCQB: PLPRF) Names New Executives, Launches Mango CBD Relief Gummies

Plus Products recently announced new executives and outlined their experience Mango CBD Relief gummies are already at some California retailers PLUS product line ranked number one for cannabis-infused edibles in retail sales and units sold Plus Products Inc. (CSE: PLUS) (OTCQB: PLPRF) has named Jon Paul as its new CFO, reporting to co-founder and company CEO Jake Heimark. Previously, Paul was CEO and founder of Value-Added Finance Resources, an advisory firm. He replaces Craig Heimark, who has been named PLUS’ chief strategy officer. Heimark remains as chairman, secretary and director of the company (http://cnw.fm/JiuG7). Paul has more than 30 years…