Breaks Categories: News

MondayDec 03, 2018 11:19 am

CannabisNewsBreaks – Plus Products Inc. (CSE: PLUS) Solidifies Leading Position in Edibles with Acquisition of Cannabis-Infused Baked Goods Brand GOOD CO-OP

Leading California edibles manufacturer Plus Products Inc. (CSE: PLUS) this morning announced its entry into a definitive agreement to acquire the assets of California-based cannabis-infused baked goods brand GOOD CO-OP, Inc. in an all share transaction. The acquisition, valued at approximately C$2.03 million, represents PLUS’s strategic entry into baked goods, the third-largest edibles category, after reaching the top edibles position with only four full-time products. “When Pete and I started GOOD, our mission was to make the best cannabis baked goods products in the world,” GOOD CEO and Co-Founder Mike Appezzato stated in the news release. “Manufacturing consistent cannabis food…

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MondayDec 03, 2018 10:31 am

CannabisNewsBreaks – Supreme Cannabis Company Inc.’s (TSX.V: FIRE) (OTCQX: SPRWF) (FRA: 53S1) 7ACRES Recognized as Canadian Cannabis Brand of the Year

Supreme Cannabis Company Inc. (TSX.V: FIRE) (OTCQX: SPRWF) (FRA: 53S1) today announced recognition of its wholly owned subsidiary, 7ACRES, as the Brand of the Year at the 2018 Canadian Cannabis Awards presented by Lift & Co. (TSX.V: LIFT). The awards celebrate Canadian cannabis, distinguishing the innovators, companies and products that make it great, and 7ACRES was selected by a panel of industry professionals across a variety of sectors in the space. "We are extremely honored to have been recognized as Brand of the Year by the Canadian Cannabis Awards,” Supreme Cannabis President and Founder John Fowler stated in the news…

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FridayNov 30, 2018 2:30 pm

CannabisNewsBreaks – Phivida Holdings Inc. (CSE: VIDA) (OTCQX: PHVAF) Offering Products with Natural, Organic Ingredients to Serve Growing Markets

Hemp-cultivated cannabinoid innovator Phivida Holdings Inc. (CSE: VIDA) (OTCQX: PHVAF) is responding to consumers’ desire for natural, organic ingredients by providing multiple product lines that exclusively use non-GMO, natural ingredients. A recent article discussing the company reads, “Consumers are shifting away from pharmaceutical companies and looking for natural remedies. Phivida is supplying this growing shift with two product lines, Vida+ and Oki. Vida+ (www.HempVidaPlus.com) offers a line of clinical hemp oil extracts and capsules. Oki (www.FeelOki.com) is a new line of consumer beverages and health supplements infused with active hemp extract. Oki beverages come in iced teas and flavor-infused water,…

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FridayNov 30, 2018 10:41 am

CannabisNewsBreaks – The Flowr Corporation (TSX.V: FLWR) Nominates Three Independent Directors

Canadian Licensed Producer of premium cannabis products The Flowr Corporation (TSX.V: FLWR) today announced its nomination of Karen Basian, Maurice Levesque and Dr. J. André de Barros Teixeira to stand for election to the company’s board of directors at its December 28, 2018 shareholder meeting. Basian brings over 25 years of experience in the consumer products, financial services and technology sectors. Levesque has 30 years of experience in the Canadian financial industry, recognized for his broad knowledge, skills and experience in venture capital, financial services and new business formation and development. Dr. Teixeira has an extensive consulting background in the…

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FridayNov 30, 2018 10:09 am

CannabisNewsBreaks – Plus Products Inc. (CSE: PLUS) Releases Q3 2018 Financial Results, Reports Record Revenue Growth of 617 Percent to $2.5M

Leading California edibles manufacturer Plus Products (CSE: PLUS) this morning announced its financial results for the three months ended September 30, 2018. The update provided Q3 2018 financial highlights, including: Record revenue of $2.56 million, reflecting a 617 percent increase over the three months ended September 30, 2017 and a 60 percent increase over Q2 2018; quarter-over-quarter retail sales growth of 104 percent to $8.0 million in Q3; gross margin of $0.38M (15 percent) for Q3 2018 compared to -$0.17M (-48 percent) in Q3 2017; strong cash position of $11.1 million at end of Q3, prior to closing of CAD$20…

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ThursdayNov 29, 2018 10:55 am

CannabisNewsBreaks – The Flowr Corporation (TSX.V: FLWR) Releases Results for the Third Quarter and Nine Months Ended September 30, 2018

Canadian Licensed Producer of premium cannabis products The Flowr Corporation (TSX.V: FLWR) has announced its results for the third quarter and nine months ended September 30, 2018. The update provided business highlights, with financials reported in Canadian dollars, including: Completion of almost $65 million in fundraising throughout 2017 and 2018; culminating in a nearly $36 million raise as part of the reverse takeover transaction leading to FLWR’s listing on the TSX Venture Exchange; Kelowna, BC facility cultivation and harvesting a total of 358,768 grams; Health Canada sales license and entry into supply agreements with provincial authorities from British Columbia, Nova…

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ThursdayNov 29, 2018 10:27 am

CannabisNewsBreaks – Sunniva Inc. (CSE: SNN) (OTCQX: SNNVF) Releases Q3 2018 Financial Results, Reports Strong Revenue Growth

Vertically integrated cannabis company Sunniva (CSE: SNN) (OTCQX: SNNVF) released financial and operational results for the three and nine months ended September 30, 2018. The Q3 2018 update (with figures reported in Canadian dollars unless otherwise stated) includes the following highlights: Revenue of $3.8 million with gross margin of 56 percent; year to date revenue of $13.4 million, up more than 30 percent year over year; initial operations and revenue from the extraction facility; closed $23 million bought deal financing. “We continue to make progress towards completion of Phase 1, the first 325,000 square feet, of our purpose built, high-technology…

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WednesdayNov 28, 2018 9:31 am

CannabisNewsBreaks – Redfund Capital Corp.’s (CSE: LOAN) (OTC: PNNRF) Portfolio Company and Cannabis Strategic Ventures, Inc. (NUGS) Partner Up to Develop Water-Soluble Cannabis Technology

Redfund Capital (CSE: LOAN) (Frankfurt: O3X4) (OTC: PNNRF) this morning announced that Biolog Inc., a portfolio client of the company, has partnered with Cannabis Strategic Ventures (OTC: NUGS) to develop water-soluble cannabis technologies intended to be used as ingredients for cannabis and phytocannabinoid rich-infused foods, beverages and consumer products. Per the agreement, Biolog will develop the new technologies with NUGS and the companies will work together regarding marketing to bring the products to market. “Working alongside Cannabis Strategic Ventures and assisting them to realize their mandate building their products brands using Biolog technology shows collaboration of incubators in the space.…

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TuesdayNov 27, 2018 9:32 am

CannabisNewsBreaks – Sunniva Inc. (CSE: SNN) (OTCQX: SNNVF) Acquires LTYR Logistics, LLC

Sunniva (CSE: SNN) (OTCQX: SNNVF), a vertically integrated cannabis company, this morning announced its acquisition of 100% of LTYR Logistics, LLC, a California-based cannabis distribution company. The primary driver of this acquisition is attributed to LTYR’s strong leadership and proven ability to execute growth strategies using its distribution capabilities within the cannabis space. The company intends to utilize LYTR to secure its position in the California cannabis sector, as the acquisition enables state-wide dissemination of Sunniva branded cannabis products. Kevin Wilkerson, CEO of LTYR, has joined Sunniva as the Chief Operating Officer of Sun CA Holdings, Sunniva’s wholly-owned California operating…

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MondayNov 26, 2018 3:37 pm

CannabisNewsBreaks – Sunniva Inc. (CSE: SNN) (OTCQX: SNNVF) Posting Q3 2018 Results on November 28

Vertically integrated cannabis company Sunniva (CSE: SNN) (OTCQX: SNNVF) recently announced that it will be releasing financial results for the third quarter of 2018 after market close on Wednesday, November 28, 2018. Additionally, executive management of the company will be hosting a conference call to discuss the results and provide an operational update on Thursday, November 29, 2018 at 11:00 AM ET. To participate in the conference call, dial 1-800-319-4610 or (604) 638-5340. Following the conclusion of the call, an audio replay will be available for two weeks. To listen to the replay, dial 1-855-669-9658 or (604) 674-8052 and enter…

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