Breaks Categories: News

FridayFeb 15, 2019 9:44 am

CannabisNewsBreaks – Redfund Capital Corp. (CSE: LOAN) (OTC: PNNRF) (Frankfurt: O3X4) Welcomes Wahupta Ventures CEO to Advisory Team, Issues Corporate Update

Redfund Capital (CSE: LOAN) (OTC: PNNRF) (Frankfurt: O3X4) today announced that it has welcomed Wahupta Ventures Inc. CEO Warren D. Cudney to its advisory team, and provided a corporate update and first quarter client financing rundown. Cudney is a recognized leader in corporate start-ups and speaker in the field of health and wellness, most recently specializing in the emerging North American and global hemp and CBD oil and isolate industry. Additionally, according to the update, Redfund Capital has extended funds to three cannabis companies in its first quarter, including RxMM Health, Mary’s Wellness Ltd. and Winterlife Inc. “Redfund Capital is…

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ThursdayFeb 14, 2019 11:11 am

CannabisNewsBreaks – Sunniva Inc. (CSE: SNN) (OTCQX: SNNVF) Secures Additional $4M in Purchase Orders, Expects More Than $55M in 2019 Revenue from Branded Products

Vertically integrated cannabis company Sunniva (CSE: SNN) (OTCQX: SNNVF) today announced that it has secured an additional USD $4.0 million in purchase orders from select retail dispensaries in southern California for Sunniva branded cannabis products. This increases the total to USD $11.5 million in sales orders received to date for products to be sold in the first four months of 2019. Sunniva expects continued sales volume growth and, in 2019, estimates USD $55-$60 million in revenue from sales of its branded products in California, from those manufactured in its licensed extraction facility and through purchase of compliant third-party flower from…

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ThursdayFeb 14, 2019 9:26 am

CannabisNewsBreaks – Canopy Rivers Inc. (TSX.V: RIV) (OTC: CNPOF) Posting Q3 Financial Results on Feb. 27

Cannabis-focused investment and operating firm Canopy Rivers (TSX.V: RIV) (OTC: CNPOF) recently announced that it will report its third quarter fiscal 2019 financial results after markets close on February 27, 2019. The company’s unaudited condensed interim financial statements as well as management’s discussion and analysis for the three and nine months ended December 31, 2018 will be available on www.sedar.com and in the investors section of Canopy Rivers’ website. Additionally, financial results currently scheduled to be released by Canopy Growth Corp. (TSX: WEED) (NYSE: CGC) on February 14, 2019 may contain preliminary financial information relating to Canopy Rivers. To view…

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TuesdayFeb 12, 2019 9:36 am

CannabisNewsBreaks – Supreme Cannabis Company Inc. (TSX.V: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Releases Q2 2019 Financial and Operating Results

Supreme Cannabis Company (TSX.V: FIRE) (OTCQX: SPRWF) (FRA: 53S1) this morning announced the release of its financial and operating results for the three and six months ended December 31, 2018. According to the update, Q2 2019 highlights include: revenue of $7.72 million, reflecting a 359 percent increase from Q2 2018 and a 50 percent increase from Q1 2019; a net comprehensive loss of $1.55 million, compared net losses of $2.03 million in Q2 2018 and $5.39 million in Q1 2019. In addition, Supreme Cannabis strengthened its balance sheet during the quarter by raising gross proceeds of $100 million through a…

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MondayFeb 11, 2019 9:59 am

CannabisNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQB: PLPRF) to Participate in National Cannabis Roundtable

Leading California edibles manufacturer Plus Products Inc. (CSE: PLUS) (OTCQB: PLPRF) on February 8, 2019, announced its participation in the newly formed National Cannabis Roundtable (“NCR”), a campaign aimed at reforming federal cannabis laws and advocating for a rational legal framework. Former U.S. Speaker of the House John Boehner will serve as honorary chairman of the NCR. According to the update, the NCR public policy team, which includes The Liaison Group, Squire Patton Boggs and HDMK Public Affairs, will advocate for a multi-faceted reform agenda that includes: removal of federal restrictions that prohibit medical research involving cannabis; introduction of solutions…

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FridayFeb 08, 2019 9:57 am

CannabisNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Secures Supply Agreement with Ontario’s Sole Legal Retailer for Recreational Cannabis

Cannabis-focused research and development company The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF) this morning announced that it has secured a cannabis supply agreement with the Ontario Cannabis Retail Corporation, which operates as the Ontario Cannabis Store ("OCS"). OCS is the only legal retailer of recreational cannabis in Canada's most-populous province. According to the update, online sales launched in October 2018 and, set to begin in April of this year, the OCS will also supply cannabis products to licensed private retail stores across the province. The first 25 retailers that are eligible to apply for cannabis licenses were announced…

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FridayFeb 08, 2019 9:49 am

CannabisNewsBreaks – TransCanna Holdings Inc.’s (CSE: TCAN) (FSE: TH8) Acquisition of GoodFellas to Include Proprietary Simple Brand and User-Friendly Cannabis Kit

TransCanna Holdings (CSE: TCAN) (FSE: TH8) today announced that in addition to the branding and marketing business of Goodfellas Group, LLC, subject to completion of the previously-announced acquisition, the company will acquire its existing in-house brand "Simple". The Goodfellas team, through Simple, has created as a user friendly, smart cannabis package called the Simple Kit(TM) to assist first time consumers to experience cannabis in a positive way. The Simple Kit comes in user-friendly packaging, with a box that can be transformed into a tray when opened, and includes a child proof/waterproof/airtight container/grinder, a portion of cannabis, filter tips, a cannabis…

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ThursdayFeb 07, 2019 10:37 am

CannabisNewsBreaks – Supreme Cannabis Company Inc.’s (TSX.V: FIRE) (OTCQX: SPRWF) (FRA: 53S1) 7ACRES Expands Domestic Distribution Coast-to-Coast Across Eight Provinces

Supreme Cannabis Company (TSX.V: FIRE) (OTCQX: SPRWF) (FRA: 53S1) this morning announced that its wholly owned subsidiary, 7ACRES, has entered into a supply agreement with the New Brunswick Liquor Corporation to supply recreational cannabis to its retail stores and has been registered as a supplier in the province of Saskatchewan. Per the update, Saskatchewan and New Brunswick are 7ACRES' seventh and eighth provincial partners in addition to British Columbia, Alberta, Manitoba, Ontario, Nova Scotia and PEI. “We're excited to announce that 7ACRES-branded products will be available for adult-use in eight Canadian provinces coast-to-coast,” Supreme Cannabis CEO Navdeep Dhaliwal said in…

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ThursdayFeb 07, 2019 10:20 am

CannabisNewsBreaks – Redfund Capital Corp. (CSE: LOAN) (OTC: PNNRF) Engages First Member of New USA Advisory Team to Focus on Opportunities in CBD and Hemp

Redfund Capital Corp (CSE: LOAN) (Frankfurt: O3X4) (OTC: PNNRF) today announced that it has engaged New Jersey based Wingspan Advisors and Jerry Hug, the current director of global operations for Cloud Commerce, a U.S.-based data driven digital marketing company. Cloud Commerce provides data-driven digital marketing services, content creation and media buying to its clients through its wholly owned subsidiaries Parscale Digital, Datapropria, Giles Design and WebTegrity. Hug will be Redfund’s first advisor to the company’s newly-formed USA advisory team and will assist Redfund in positioning its current loan portfolio of branded products throughout the U.S. The Redfund team will focus…

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ThursdayFeb 07, 2019 9:27 am

CannabisNewsBreaks – Canopy Rivers Inc. (TSX.V: RIV) (OTC: CNPOF) to Receive $30M in Additional Capital from Canopy Growth Corp. (TSX: WEED) (NYSE: CGC)

Canopy Growth Corporation (TSX: WEED) (NYSE: CGC) this morning announced that it intends to increase its total investment in cannabis-focused investment and operating firm Canopy Rivers (TSX.V: RIV) (OTC: CNPOF) by CAD $30 million. The investment will be made through a private placement of subordinated voting shares in the capital of Canopy Rivers concurrent with Canopy Rivers’ bought deal offering of subordinate voting shares for gross proceeds of approximately $55 million. Upon closing of the investment, which is expected to occur on or about February 27, 2019, Canopy Growth’s ownership of issued and outstanding shares of Canopy Rivers will increase…

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