July 2019 - CanadianCannabisWire

WednesdayJul 31, 2019 10:51 am

Nabis Holdings Inc. (CSE: NAB) (OTC: NABIF) (FRA: 71P) Enters California Cannabis Market with Dispensary in Southern Desert

Cannabis industry investment builder Nabis Holdings has purchased Desert Hot Springs’ Desert’s Finest dispensary The new asset gives Nabis an entry point into the world’s largest cannabis industry market, and it is strategically located near the annual Coachella Music Festival Nabis envisions revenues of C$14.8 million this year with a leap to C$167.9 million next year, translating into forecasts of C$4.1 million in profits this year and C$67.5 million in 2020 The remarkable rise of the cannabis industry and its variety of sectors has created a sea change in some market metrics, drawing investors’ risk capital from last year’s newsmakers (http://cnw.fm/MwLZ7).…

MondayJul 29, 2019 11:11 am

Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Announces Plans to Acquire Truverra Inc.

Supreme’s Truverra acquisition is valued at approximately C$20 million Supreme Cannabis intends to repurpose Truverra’s Health Canada-licensed facility to produce cannabis extracts for use in concentrates and vaping liquids The company will gain entry into Europe through Truverra’s subsidiary The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) intends to acquire privately held, Toronto-based Truverra Inc. in a three-cornered amalgamation between Truverra, Supreme Cannabis and a wholly owned subsidiary of Supreme Cannabis. The transaction for 14.7 million common shares of Supreme Cannabis has a value of approximately C$20 million (http://cnw.fm/kZ74p). Truverra’s Health Canada-licensed facility in Toronto, Ontario, will produce…

FridayJul 26, 2019 12:36 pm

Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) Debuts New Look for Cannabis Line

The company’s new system focuses on the science behind unique combinations of THC and CBD The intent of the new system is to reduce consumer confusion related to cannabis products PLUS cannabis products were top sellers in California over the past 12 months Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF), a manufacturer and marketer of cannabis food products, has rebranded its line of low-dosage, cannabis-infused edibles. The goal behind the new look is to ensure clarity and differentiation to its Uplift, Balance and Unwind lines for consumers (http://cnw.fm/PG53x). The new look includes three easy-to-understand banners and colors for the brand, which…

FridayJul 26, 2019 11:03 am

Organigram Holdings Inc. (TSX.V: OGI) (NASDAQ: OGI) Announces Proprietary Nano-Emulsion Technology for Rapid-Onset of Cannabinoid Effects

Organigram’s proprietary nano-emulsion technology is expected to provide an initial onset of effects within 10 to 15 minutes for cannabis beverages The company’s shelf-stable, thermally stable, water-compatible and palatable cannabinoid nano-emulsion formulation allows for the production of both liquid and powdered beverage products Organigram plans to launch dried powder formulation beverage products in early 2020 Organigram Holdings Inc. (TSX.V: OGI) (NASDAQ: OGI), the parent company of leading licensed cannabis producer and cannabis-derived products manufacturer Organigram Inc., has developed a proprietary nano-emulsification technology. This new unique, fast-acting formulation will allow for the production of both powdered and liquid cannabinoid products. The…

ThursdayJul 25, 2019 11:39 am

MustGrow Biologics Corp. (CSE: MGRO) Counters Use of Controversial Pesticides with Natural, Effective Biopesticides and Biofertilizers

A reversal of the federal ban on the use of controversial pesticides linked to potential health disorders illustrates a pressing need for MustGrow’s patented technology for natural biopesticide solutions MustGrow’s research and development program focuses on a portfolio of natural biopesticides and biofertilizers, and it is expanding into the cannabis and tobacco industries Global crop protection is a multibillion-dollar market that’s expected to surge over the next five years The Environmental Protection Agency’s recent decision to allow the use of two chemical pesticides – chlorpyrifos and sulfoxaflor, both made by Corteva Agriscience, formerly part of DowDuPont – highlights the importance…

ThursdayJul 25, 2019 10:31 am

Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) Committed to Product Consistency, Quality for Cannabis Edibles Brand

PLUS Uplift and Restore products ranked as the two best-selling cannabis edibles in California in terms of both dollars and units sold Plus Products has expanded into Nevada through a definitive agreement with TapRoot Holdings Inc. Projections estimate that Nevada will surpass $700 million in cannabis sales by 2020 Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF), a manufacturer and marketer of cannabis food products, is committed to ensuring the consistency of its products as it expands and sees continued success in the industry. PLUS co-founder and CEO Jake Heimark recently reiterated the company’s commitment to maintaining quality and consistency in…

ThursdayJul 25, 2019 10:03 am

Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) Agreement Increases Reach of Ingested Cannabis Absorption Technology

Cannabis users have historically preferred to inhale smoke from the burned plant in order to achieve rapid-onset absorption of its properties, but Lexaria Bioscience is making it possible to achieve similar results through oral ingestion Lexaria’s revolutionary DehydraTECH technology allows cannabis users to eliminate the unhealthy effects of smoking from their routines, and the product is being tested with nicotine as well Cannabis-infused edibles sales are expected to climb from about $1 billion currently to about $4.1 billion by 2022 Consumable bioactive product innovator Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) will expand the reach of its revolutionary DehydraTECH technology…

WednesdayJul 24, 2019 1:49 pm

Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) Launches Microdosing Mints, Evaluates Acquisition

Plus Products is benefiting from new opportunities to expand its consumer base through the microdosing movement The company is moving toward establishing itself as a leading brand in the international market PLUS is exploring a rare opportunity to simultaneously improve quality control, cut costs and grow revenues through possible acquisition Cannabis-infused products manufacturer Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) is creating edibles to support a health and active lifestyle for both new and veteran consumers. Drawing from more than 40 years of experience in food manufacturing, the company makes edibles from scratch using only the highest-quality extracts and kosher…

TuesdayJul 23, 2019 12:20 pm

Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) Stands for Responsible Cannabis Use; Is the Industry Taking Adoption Too Far?

As the legal marijuana industry continues to rapidly expand, regulatory bodies in the U.S. and other parts of the world are facing lobby pressure to ensure widespread adoption Companies like Lexaria Bioscience have opposed such developments to ensure responsible and safe introduction of legal cannabis products for medicinal and recreational use Current Lexaria corporate policies go beyond the legislative framework to deliver sensitive products to people in need while also protecting vulnerable community members The multi-million-dollar cannabis industry is growing rapidly. In the U.S. and other parts of the world, there has been a push for legislative changes and the…

TuesdayJul 23, 2019 11:11 am

The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Innovating in Cannabis Space, Closing on Acquisition

Supreme Cannabis is one of the world’s fastest-growing premium plant-driven lifestyle companies Supreme Cannabis has supply agreements in place throughout eight Canadian provinces The company gained advanced extraction infrastructure and expertise through its Blissco acquisition The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) maintains a diversified, international portfolio of distinct cannabis companies, products and brands. Since 2014, it has emerged as one of the world’s fastest-growing, premium, plant-driven, lifestyle companies. The company’s growth strategy includes key industry agreements and its wholly owned 7ACRES subsidiary. Based in Toronto, Ontario, Supreme Cannabis is working to be an innovator in…

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Month: July 2019