Breaks Categories: News

ThursdayJan 03, 2019 9:18 am

CannabisNewsBreaks – FinCanna Capital Corp. (CSE: CALI) (OTCQB: FNNZF) Portfolio Company Secures California State Temporary Distributor License

FinCanna Capital (CSE: CALI) (OTCQB: FNNZF) today announced that Refined Resin Technologies Inc., an investee company of FNNZF, has been issued its “Adult-Use and Medicinal – Temporary Distributor License” in the state of California. Refined Resin already holds its temporary manufacturing license in the state and has submitted its application for its annual license. “We are pleased to see the timely acquisition of the necessary licenses as the Refined Resin team completes the regulatory requirements for commercial operations,” FinCanna Capital President and CEO Andriyko Herchak stated in the news release. “We look forward to a prosperous 2019 both for the…

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WednesdayJan 02, 2019 11:35 am

CannabisNewsBreaks – Supreme Cannabis Company Inc. (TSX.V: FIRE) (OTC: SPRWF) Issues Update Regarding 7ACRES Construction

Supreme Cannabis Company (TSX.V: FIRE) (OTC: SPRWF) this morning posted an update regarding its wholly-owned subsidiary 7ACRES, reporting that it ended 2018 with 19 completed flowering rooms and is on track for all 25 flowering rooms to be completed in March 2019. Upon completion, 7ACRES’ greenhouse footprint will span roughly 300,000 square feet, with the total facility reaching over 440,000 square feet. 7ACRES is expected to reach its estimated annual output of 50,000 kg by the middle of calendar 2019, at which time the administrative offices and other facilities are also scheduled to be completed. Additionally, the company aims to…

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WednesdayJan 02, 2019 11:20 am

CannabisNewsBreaks – Sunniva Inc. (CSE: SNN) (OTC: SNNVF) Announces Acquisition of LTYR Logistics, LLC

Vertically integrated cannabis company Sunniva (CSE: SNN) (OTCQX: SNNVF) on Monday announced the closing of its 100% acquisition of LTYR Logistics, LLC (“LTYR”), a California-based cannabis distribution company. Per the update, with its proven ability to execute growth and cannabis space distribution capabilities, LYTR will play an instrumental role in driving Sunniva’s leadership position in California as vertically integrated across the entire value chain, from seed to sale, with the launch of its Sunniva branded product line in Q1 of 2019. “We are pleased to have completed this transaction and we are looking forward to 2019 when the full impact…

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FridayDec 21, 2018 9:27 am

CannabisNewsBreaks – Phivida Holdings Inc. (CSE: VIDA) (OTC: PHVAF) Applauds the Passing of the 2018 Farm Bill; Appoints New Member to Board of Directors

Hemp-cultivated cannabinoid innovator Phivida Holdings (CSE: VIDA) (OTCQX: PHVAF) recently commented on the successful passing of the 2018 Farm Bill. The bill removes hemp from the Controlled Substances Act, enabling the commercial cultivation and production of industrial hemp in the United States. “The passing of the 2018 Farm Bill clarifies hemp production and will bolster the growing acceptance of hemp-derived products containing CBD,” Phivida Holdings President and CEO Jim Bailey stated in the news release. “In particular, we expect it will have a positive impact on both of our Vida+ brand (www.HempVidaPlus.com) and Oki lifestyle brand of beverages, tinctures and…

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ThursdayDec 20, 2018 9:33 am

CannabisNewsBreaks – The Flowr Corporation (TSX.V: FLWR) Acquires Interest in European-based Cannabis Producer

The Flowr Corporation (TSX.V: FLWR), a Canadian Licensed Producer of premium cannabis products, this morning announced that it has acquired a 19.8% interest in Holigen Limited for a cash payment of CAD $6 million. The European-based cannabis company is presently developing large-scale cannabis cultivation facilities and Good Manufacturing Process (“GMP”) compliant production facilities. These facilities are anticipated to provide finished medical cannabis products, pharmaceutical ingredients, and plants and seeds to medical cannabis markets worldwide. Per the update, Flowr entered into an exclusive termed intellectual property (“IP”) licensing agreement to provide its cultivation, facility design and construction IP to Holigen during…

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TuesdayDec 18, 2018 2:36 pm

CannabisNewsBreaks – The Flowr Corporation (TSX.V: FLWR) Positioned to Capitalize on Impending Supply Glut

The Flowr Corporation (TSX.V: FLWR), a Canadian Licensed Producer of premium cannabis products, was highlighted in a recent article published by The Motley Fool, titled ‘This Tiny Marijuana Stock Could Be Better Prepared for the Coming Supply Glut Than Canopy Growth and Tilray’ authored by Keith Speights. The article discusses several cannabis industry players, including Canopy Growth Corp. (NYSE: CGC) (TSX: WEED) and Tilray, Inc. (NASDAQ: TLRY). Per the article, a smaller company like FLWR might be more prepared for the impending Canadian oversupply than the companies holding larger market caps. FLWR’s low operating costs will better position it to…

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TuesdayDec 18, 2018 11:21 am

CannabisNewsBreaks – Therma Bright, Inc. (TSX.V: THRM) (OTC: THRBF) Receives Pain Relief Device Prototype, Issues TherOZap Technology Update

Medical device technology provider Therma Bright (TSX.V: THRM) (OTC: THRBF) this morning announced receipt of its pain relief device prototype and provided an update on its TherOZap technology. Following introduction of the first design of its device for relief of general, arthritic or orthopedic pain in October, the company has rapidly advanced its development, received the prototype and identified a research group on which it will initiate efficacy tests. Therma Bright has also sent final prototypes of its TherOZap technology to a top research laboratory for testing of the technology against the Zika virus. “We are excited to announce these…

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TuesdayDec 18, 2018 10:06 am

CannabisNewsBreaks – Sunniva Inc.’s (CSE: SNN) (OTCQX: SNNVF) NHS Subsidiary Partners with HelloMD to Expand Patient Reach, Offer Enhanced Medical Cannabis Services

Vertically integrated cannabis company Sunniva (CSE: SNN) (OTCQX: SNNVF) this morning announced the partnership between its wholly owned subsidiary, Natural Health Services Ltd. ("NHS"), and HelloMD, a leading online cannabis telehealth company, to extend telemedicine services to its patients and provide more Canadian communities with convenient access to medical cannabis advice. According to the update, HelloMD will provide its turnkey white-label services to NHS, providing existing and future patients with online health care practitioner consultation services. NHS currently operates a network of seven medical cannabis clinics in four provinces, and the new option will allow the company to extend its…

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FridayDec 14, 2018 10:18 am

CannabisNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Launches Comprehensive Website Focused on Ultimate Cannabis Experience

Cannabis-focused research and development company The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF) today announced the launch of its new and comprehensive experiential patient and consumer website designed to deliver the ultimate online cannabis experience. According to the update, the website was upgraded to include patient portals, consumer education centers and an entirely redesigned investor section. “TGOD is committed to providing the ultimate cannabis experience for consumers,” TGOD Vice President, Marketing Andrew Pollock stated in the news release. “A website is the first point of contact for most consumers. Those consumers have many choices with respect to their cannabis…

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FridayDec 14, 2018 9:15 am

CannabisNewsBreaks – Plus Products Inc. (CSE: PLUS) Finalizes Acquisition of Cannabis-Infused Baked Goods Brand

Leading California edibles manufacturer Plus Products (CSE: PLUS) recently announced that it has successfully completed the acquisition of all the assets of GOOD CO-OP, INC. Per the terms of the agreement between the California-based cannabis-infused baked goods brand, its securityholders’ agent and the company, PLUS issued 357,464 subordinate voting shares to the shareholders and holders of simple agreements for future equity of GOOD at a valuation of approximately CAD$2,030,000. Of the subordinate voting shares issued, 323,451 subordinate voting shares are subject to an earn-out as previously disclosed. “At PLUS we believe in executing quickly and are pleased we were able…

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