NewsRoom Articles - Page 482 of 602

MondayJan 28, 2019 4:20 pm

420 with CNW – New Tax Plan Injects Life into New Jersey Marijuana Legalization Debate

A stalemate had developed between the Senate President and the Governor of New Jersey regarding how the marijuana industry will be taxed once an appropriate law is passed. However, a new plan has reignited the legalization debate and a compromise may be reached to move forward on this long-awaited matter. Previously, Stephen Sweeney (the Senate President) had dug his heels in that he would not go along with any marijuana legalization law that set the tax rate at more than 12 percent. Meanwhile, the Governor (Phil Murphy) was adamant that the tax rate should be in the region of 25…

MondayJan 28, 2019 12:19 pm

ChineseInvestors.com Inc. (CIIX) Reports Greater than 50 Percent Year-Over-Year Revenue Increase

Total revenue in the second quarter of fiscal year 2019 up to $648,265 Revenue growth is due to an increase in hemp and CBD product sales, as well as heightened subscriptions totals As the hemp and CBD markets continue to expand, ChineseInvestors.com is expecting even stronger performance through the second half of FY2019 ChineseInvestors.com Inc. (OTCQB: CIIX), developer of a proprietary financial news media and content platform providing information to the global Chinese-speaking community, recently announced its financial results for the second quarter of fiscal year 2019, pinpointing a number of important accomplishments. A revenue increase of more than 50…

MondayJan 28, 2019 11:57 am

Kontrol Energy Corp. (CSE: KNR) (FSE: 1K8) Helps Clients Realize Energy Saving Goals through an Array of Innovative Products and Services

Kontrol Energy Corp. targets HVAC, lighting and water usage to help maximize energy savings for customers Customers see a cost savings ranging from 25-30 percent after implementing Kontrol’s energy efficiency services The company has recently made inroads into the cannabis industry, where companies are seeking ways to maximize profits and minimize energy costs Kontrol Energy Corp. (CSE: KNR) (FSE: 1K8), a leader in the energy efficiency sector, aims to help customers eliminate energy waste, maximizing their profit margins while also increasing sustainability and improving building operations. Kontrol, which was named Canada’s seventh-fastest growing start-up in 2018, offers a suite of…

MondayJan 28, 2019 11:24 am

Cannabis Strategic Ventures Inc. (NUGS) Seeks OTCQB Venture Market Uplisting as Part of Growth Strategy

The company is on target to meet the more stringent reporting standards and compliance requirements for a successful uplisting Niche acquisitions and a vertically-integrated strategy will further enable the company’s sustainable market growth in the years to come Cannabis Strategic Ventures aims to create and control specific cannabis industry niches through focused brand development and acquisitions of hard assets for growth, distribution and manufacturing Los Angeles-based cannabis industry incubator Cannabis Strategic Ventures Inc. (OTC: NUGS) recently submitted its application to uplist to the OTCQB Venture Market, a move that supports the company’s broader, acquisition-based growth strategy. According to a press…

MondayJan 28, 2019 11:03 am

Icon Exploration Inc. (TSX.V: IEX.H) Continues Move into Cannabis Industry Following City View Green Acquisition

Icon Exploration CEO Rob Fia selected City View Green after careful consideration of industry trends and expectations City View Green team offers experience and production potential, as well as a 40,000 square foot production facility and a pending medical license through Health Canada Medicinal cannabis market has been projected to reach $25 billion by 2020 Icon Exploration Inc. (TSX.V: IEX.H), a well-diversified company aiming to augment its shareholders’ investments, is making moves to become a major player in the cannabis industry, which continues to flourish in Canada and the United States due to recent legalization legislation. The company’s goal in…

MondayJan 28, 2019 4:20 am

420 with CNW – Massachusetts Legal Cannabis Sales Hit Nearly $24M during First Two Months

Massachusetts started retail sales of recreational marijuana on November 20 and nearly $24 million worth of cannabis has so far been sold in just two months, according to statistics released by the state. The data released by the Cannabis Control Commission shows that cannabis products worth $23.8 million were sold by licensed dispensaries in the maiden two months since retail sales started. The statistics also show that retail sales have been booming since the first day of legal recreational cannabis sales. For example, the two dispensaries that opened on the first day of legal sales made about $2 million in…

FridayJan 25, 2019 4:20 pm

420 with CNW – Florida Governor wants Smokable Marijuana Ban Ended

Gov. Ron DeSantis of Florida has spoken out against the medical marijuana law and threatened to step in decisively if the legislature doesn’t amend that law to permit patients to smoke medical cannabis. The Republican Governor wants the state to have a new law that puts an end to the ban on smokable marijuana and also loosen the restrictions on the licensing conditions for treatment centers. DeSantis wants this law by mid-March. The Governor feels that Florida voters spoke clearly enough when they approved medical marijuana, so the legislators should pass legislation that is in line with the wishes of…

FridayJan 25, 2019 12:10 pm

Cannabis Strategic Ventures Inc. (NUGS) Assembles Experienced Team as Preparations for OTCQB Uplisting Intensify

Board strengthened through appointment of independent directors Additional talent rounds up management team as preparations for planned uplisting escalate Pursuit of over 20 cannabis licenses from California Bureau of Cannabis Control continues NUGS plans to develop 250,000 square feet of cultivation space Cannabis Strategic Ventures Inc. (OTC: NUGS) recently added a number of cannabis industry insiders to its executive team and board of directors. In October 2018, the company announced the appointment of Alan Tran to its board of directors. Tran brings strong financial and strategic skills to Cannabis Strategic Ventures, having led several successful management, consulting and financial teams,…

FridayJan 25, 2019 11:42 am

High Yields, Low Production Cost Give The Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF) Competitive Advantage in Cannabis Market

The Flowr Corporation anticipates maximizing yield even further, lowering production costs to C$2.05 per gram in 2019 Company seeking strategic partnerships to ensure solid distribution channels and opportunities to advance cultivation techniques Cannabis supply expected to surpass demand, giving competitive advantages to companies with high yields and low production costs Canadian cannabis product manufacturer The Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF) has designed and built 17 cultivation facilities to date, relying on innovative processes to ensure high yields and low production costs. This methodology could give Flowr a competitive advantage moving forward as anticipated changes occur in the cannabis sector.…

FridayJan 25, 2019 10:32 am

Marijuana Company of America Inc. (MCOA) Begins Clone Production Earlier, Aiming for Extended Growing Season

Planting at the Scio project in Oregon can begin in late May or early June, extending the growing season by 45 to 60 days The project has already received Oregon Department of Agriculture registration to cultivate hemp in 2019 Company will cultivate three different strains of hemp, characterized by high CBD content and a very low THC level Marijuana Company of America Inc. (OTCQB: MCOA), an innovative hemp and cannabis corporation, announced on January 10 that clone production at the Scio, Oregon, high yielding CBD hemp project is underway. MCOA and joint venture partner Global Hemp Group Inc. (OTC: GBHPF)…

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