Breaks Categories: News

TuesdayMar 05, 2019 9:26 am

CannabisNewsBreaks – VIVO Cannabis Inc. (TSX.V: VIVO) (OTCQX: VVCIF) Subsidiary Launches New Online Medical Cannabis Store

VIVO Cannabis (TSX.V: VIVO) (OTCQX: VVCIF) through its wholly-owned subsidiary, Canna Farms Limited, this morning announced the launch of Canna Farms' integrated online medical cannabis website. As one of the largest online platforms for medical cannabis users across Canada, the store offers products from various cultivators including offerings from the Beacon Medical(TM) and Canna Farms(TM) brands. With more than 40 different cannabis strains and 100 different SKUs, the site is available immediately to registered medical cannabis patients.  In addition, VIVO also announced that Daniel Laflamme has been appointed as Chief Operations Officer of the company. Laflamme will continue his role…

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MondayMar 04, 2019 1:01 pm

CannabisNewsBreaks – TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) Expands Leadership Team

TransCanna Holdings (CSE: TCAN) (FSE: TH8) recently announced the appointment of Arni Johannson as president. Johannson’s experience includes over 30 years operating and investing in both private and publicly traded companies throughout Canada and the U.S. During his career, he has been involved in numerous successful exits across multiple sectors and has served on more than 20 corporate boards. “Once we presented TransCanna's vision to Arni he immediately understood the potential, and agreed to not only be a director, but also President of the company,” TransCannna CEO Jim Pakulis said in the news release. “I firmly believe his operating knowledge…

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MondayMar 04, 2019 9:51 am

CannabisNewsBreaks – Wildflower Brands Inc. (CSE: SUN) (OTCQB: WLDFF) Announces Tenth Consecutive Quarter of Revenue Growth

Vancouver-based Wildflower Brands Inc. (CSE: SUN) (OTCQB: WLDFF) this morning announced results from its fiscal second quarter, which marked its tenth consecutive quarter of revenue growth. Per the update, the company recorded Q2 sales of more than $1.4 million, up from $1 million in the first quarter. This increase was consistent across all sources, with the company’s largest sales growth stemming from sales to other retailers throughout the United States. To view the full press release, visit http://cnw.fm/PP5b7 About Wildflower Brands Wildflower Brands is a company headquartered in Vancouver building reputable brands and quality products that incorporate the synergistic effects…

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FridayMar 01, 2019 9:40 am

CannabisNewsBreaks – The Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF) Hires Celebrated Canadian Chef Ryan Reed to Develop Signature Premium Edibles

Canadian Licensed Producer of premium cannabis products the Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF) today announced that it has hired celebrated Canadian Chef Ryan Reed to develop signature edible cannabis products for the Flowr brand. Victoria's 2011 Chef of the Year, and a past winner of Iron Chef and Chopped, Reed will collaborate closely with Flowr's R&D Team to research and develop high-quality edibles to target the needs of a premium client. The company expects the unique, gourmet products will be available for purchase following anticipated legalization of edibles and infused products in Q4 2019. “The hiring of Chef Reed…

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ThursdayFeb 28, 2019 12:44 pm

CannabisNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQB: PLPRF) Announces Closing of C$25M Private Placement

Leading California edibles manufacturer Plus Products (CSE: PLUS) (OTCQB: PLPRF) today announced its closing on the best efforts private placement with Canaccord Genuity Corp., as lead agent, together with a syndicate of agents, for 25,000 company units, each at a C$1,000 price, for gross proceeds of C$25,000,000. Per the update, Gotham Green Partners and Stable Road Capital were two of the lead investors in the private placement. The company intends to use proceeds from the offering for working capital and other general corporate purposes. “We are thankful for the support we have received from our past investors, and from new…

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ThursdayFeb 28, 2019 12:24 pm

CannabisNewsBreaks – Jefferies Analyst Initiates Coverage on The Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF)

Canadian Licensed Producer of premium cannabis products the Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF) was recently highlighted in an article by Barron’s titled ‘5 Marijuana Stocks to Buy — and 2 to Avoid, According to an Analyst’ authored by Bill Alpert. According to the article, Jefferies, a diversified financial services company, initiated coverage of Canadian marijuana producers on Monday and gave Flowr a “Buy” rating. Owen Bennett, the Jefferies analyst, reports that cannabis will not fall into the pattern of normal agricultural commodities that see major price drops from oversupply. Moreover, Bennett believes that premium cannabis won’t be commoditized and…

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ThursdayFeb 28, 2019 11:36 am

CannabisNewsBreaks – Organigram Holdings Inc. (TSX.V: OGI) (OTCQX: OGRMF) to Convert $98M Debentures into Common Shares

Organigram Holdings (TSX.V: OGI) (OTCQX: OGRMF) recently announced that it will exercise its right to convert all the principal amount outstanding of the remaining debentures on April 1, 2019 into common shares of the company in accordance with the indenture governing the company's 6 percent convertible unsecured debentures due January 31, 2020. The company believes this conversion will save roughly $4.9 million in cash interest payments that would have accumulated if the outstanding debentures were held to maturity. It will also remove a substantial liability from the company's balance sheet. Per the terms of the indenture, when the volume weighted…

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ThursdayFeb 28, 2019 9:59 am

CannabisNewsBreaks – Canopy Rivers Inc. (TSX.V: RIV) (OTC: CNPOF) Releases Q3 Financial Highlights and Corporate Update

Canopy Rivers (TSX.V: RIV) (OTC: CNPOF) on Wednesday released its financial results for the three and nine months ended December 31, 2018. Per the update, Canopy Rivers’ full Management's Discussion and Analysis (“MD&A”) and unaudited interim consolidated financial statements for the period are available on its SEDAR profile at www.SEDAR.com and via the company’s website. “With more than $55 million of capital deployed during the quarter, Canopy Rivers continues to position itself as a preeminent investment firm in the cannabis industry,” RIV Chief Financial Officer Eddie Lucarelli said in the news release. “As we continue to see meaningful developments at…

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WednesdayFeb 27, 2019 9:54 am

CannabisNewsBreaks – Redfund Capital Corp. (CSE: LOAN) (OTC: PNNRF) (Frankfurt: O3X4) to Enter $1M Funding Agreement with Cannaki Beverage

Redfund Capital Corp. (CSE: LOAN) (OTC: PNNRF) (Frankfurt: O3X4) this morning announced that it has agreed to fund Cannaki Beverage Inc., a nano CBD flavored water company based in Las Vegas, Nevada, that manufactures still and carbonated natural and organic functional beverages. According to the update, Redfund has signed a convertible note term sheet for $1 million at a rate of 14 percent interest with a two-year term, and the companies intend to finalize a promissory note and security document in the next week. “Partnering with a water company with a strong footprint is a tremendous opportunity for Redfund. Cannaki…

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TuesdayFeb 26, 2019 10:25 am

CannabisNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQB: PLPRF) Launches Redesigned Signature Tins in Continued Effort to Make Cannabis Safe and Approachable

Leading California edibles manufacturer Plus Products (CSE: PLUS) (OTCQB: PLPRF) this morning announced that it has begun the roll out of redesigned tins across the state in order to deliver its popular gummies in child-resistant packaging well in advance of a January 2020 California deadline. The new tins (the first of which available at select California outlets), opened with a press and twist method similar to a prescription medicine bottle, are certified according to the Code of Federal Regulations 16 CFR § 1,700.20 and made of recyclable tinplate steel with a polypropylene insert. “The convenience of our packaging is an…

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