October 2019 - Page 2 of 4 - CanadianCannabisWire

MondayOct 21, 2019 12:26 pm

As CBD Shines, Wildflower Brands Inc. (CSE: SUN) (OTCQB: WLDFF) Fuels Growth of National and Global Distribution Networks

The lucrative U.S. CBD market is estimated to reach $5 billion this year, marking an impressive 706 percent increase from 2018 The growing trend is expected to continue, with industry forecasts putting CBD’s CAGR at 107 percent to reach $23.7 billion by 2023 Wildflower Brands is well positioned to take advantage of this trend and expand its market presence domestically and internationally The company’s branded premium products are currently available at 600 locations The cannabis industry is historically a newcomer to global markets, yet legal sales worldwide reached $11 billion in 2018 from only $3.4 billion 2014 (http://cnw.fm/JNd90). The industry’s outlook…

MondayOct 21, 2019 10:42 am

The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Receives Oil Sales License for Blissco Wellness Brand

SPRWF subsidiary Blissco recently received Health Canada licensing approval to sell cannabis oils Blissco expected to produce more than seven million tincture bottles annually Supreme Cannabis says that the subsidiary will make a significant impact on its FY2020 revenues The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1), a global diversified portfolio of cannabis companies including subsidiary Blissco Cannabis Corp., announced that Blissco has received licensing approval from Health Canada for the sale of cannabis oils from its Langley, British Columbia, facility (http://cnw.fm/3oUVy). The highly anticipated licensing means that Blissco now has government approval to sell full spectrum cannabidiol…

FridayOct 18, 2019 12:35 pm

The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Projects Up to $180M in Net Revenues for FY2020

In a YouTube interview, Supreme Cannabis CEO Navdeep Dhaliwal stated that investors should focus on the company’s strong balance sheet Supreme Cannabis reported $41.8 million in sales for FY2019, as compared to $8.9 million in FY2018, marking a 370 percent year-over-year jump; the company also reported its first positive adjusted EBITDA Dhaliwal further noted that the performance of subsidiary 7ACRES is key to the company’s growth The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1), a global diversified portfolio of cannabis companies, projects that its fiscal 2020 net revenues will increase to an estimated $150 million to $180…

FridayOct 18, 2019 11:54 am

IONIC Brands Corp. (CSE: IONC) (OTC: IONKF) (FRA: IB3) Developing Edibles and Infused Beverages Amid Growth in Recreational Use Industry

IONIC Brands is a manufacturer of premium cannabis products with a diverse portfolio The company recently acquired Zoots Premium Cannabis and its variety of drops, gummies, energy shots, and hard candies, sold in Illinois, Washington, Colorado, and Massachusetts IONIC is also preparing to build on its patents for brewing cannabis-infused coffee, tea, and cocoa The edibles market was valued at approximately $2.4 billion in 2018 with expected revenues of about $11.6 billion by 2025 Recreational adult-use cannabis continues to make headlines amid growing legalization throughout North America, providing opportunities for national cannabis holdings company IONIC Brands Corp. (CSE: IONC) (OTC:…

WednesdayOct 16, 2019 11:47 am

Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) Launches Top-Selling Edibles into Thriving Nevada Adult-Use Cannabis Market

PLUS is making strategic moves, having recently introduced the top two best-selling cannabis products in California across all categories into Nevada Plus Products is hyper-focused on building the world’s largest cannabis brand With 45 million visitors annually and sales numbers surpassing expectations, Nevada is an ideal next step for PLUS Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF), a leading cannabis-branded product company with the top two best-selling cannabis products in California according to BDS Analytics, is moving into the growing Nevada market (http://cnw.fm/Hp6zE). The company made the move by releasing its infused-gummies product line, which includes the two best-selling cannabis products…

TuesdayOct 15, 2019 12:03 pm

Geyser Brands Inc. (TSX.V: GYSR) Launches a New, All-Natural Luxury Product Line

The new high-end product line solidifies Geyser’s position as an early mover in the hemp-based health and wellness market STōND features an array of natural skin care and wellness products that are 100-percent natural and formulated with cannabis sativa hemp oil The product line consists of body lotions, massage oils, mud masks, headache roll-ons, joint creams, anti-wrinkle serums and others A newly launched luxury hemp-based product line positions Geyser Brands Inc. (TSX.V: GYSR) as a leader in the cannabis wellness market. STōND is a line of 100-percent natural self-care products formulated with cannabis sativa hemp oil and features a wide…

FridayOct 11, 2019 11:08 am

The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Eyes European Growth

Located in the Netherlands, Truverra Europe is already established in select European markets, providing an early foothold for Supreme Cannabis Supreme Cannabis’ investment vehicle, Supreme Heights, provides European upstarts with access to capital, proven expertise and tools The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1), a company dedicated to growing the world’s best cannabis and becoming a leader in the global industry, is creating inroads into Europe’s cannabis industry through its various subsidiaries. The company is taking an aggressive approach to secure its position in Europe’s rapidly increasing cannabis market, a market worth an estimated $318 million…

FridayOct 11, 2019 10:19 am

Earth Science Tech Inc. (ETST) Seeing Revenue Growth, Focusing on Supplying High Quality Hemp Oil

Earth Science Tech focuses on researching and developing inventive hemp extracts The company has three unique, wholly owned subsidiaries ETST recently reported a significant increase in revenue and gross profit A science-based biotech company, Earth Science Tech Inc. (OTCQB: ETST) operates in the hemp-derived cannabinoids, nutraceuticals, pharmaceuticals, medical-devices, and research and development (R&D) fields. The company focuses on researching and developing unique hemp extracts and making those extracts accessible globally. The company offers the highest purity and quality, full-spectrum, high-grade hemp CBD (cannabidiol) oil on the market. Recently, Earth Science Tech reported a 36 percent revenue gain as well as…

ThursdayOct 10, 2019 1:34 pm

Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) Advances Innovation Research Through Agreement with Altria

The program focuses on the pursuit of reduced risk oral nicotine products that make use of Lexaria’s patented DehydraTECH drug delivery platform DehydraTECH has been studied extensively and both human/animal trials confirm its ability to enhance active ingredient absorption in digestible products The current research could contribute to the development of oral nicotine products that would usher in a new era of reduced-risk nicotine use Global innovator in drug delivery platforms Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) provided an extensive update on advances in its research and development program with Altria Ventures Inc., an indirect wholly owned subsidiary of…

ThursdayOct 10, 2019 11:43 am

IONIC Brands Corp. (CSE: IONC) (OTC: IONKF) (FRA: IB3) Plans Further Expansion

IONIC Brands Corp. is a west coast company which was established in 2015 as a supplier of recreational cannabis products such as cannabis oils and vaporizer products, including vape pens IONIC Brands Corp. achieved a year-over-year increase in revenue of over 377 percent, and it plans to expand into more states across the nation IONIC expects that, by early 2020, its products will be distributed through 318 stores in California and 225 stores in Oregon IONIC Brands Corp. (CSE: IONC) (OTC: IONKF) (FRA: IB3) is a cannabis holding company supplying recreational cannabis products, with headquarters in Tacoma, Washington. The company’s…

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Month: October 2019