Breaks Categories: News

TuesdayNov 13, 2018 9:28 am

CannabisNewsBreaks – Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) Launches New Ready-mix Hemp Supplement Powder, ChrgD+

Drug delivery platform innovator Lexaria Bioscience (CSE: LXX) (OTCQX: LXRP) this morning announced the launch of ChrgD+, a water-soluble, ready-mix hemp supplement powder packet formulation containing 2 grams of virtually flavorless and odorless powder per pouch. ChrgD+ integrates multi-spectrum hemp oil processed using Lexaria’s patented DehydraTECH technology, permitting effective delivery of hemp oil into any hot or cold beverage. To create the ChrgD+ premium brand, the company engaged Cultivating Wellness Inc. Tens of thousands of retail buyers in c-stores, grocery chains, specialty retail, and national accounts are reachable through Cultivating Wellness' distribution network. Additionally, the company reported that it will…

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MondayNov 12, 2018 12:25 pm

CannabisNewsBreaks – Redfund Capital Corp. (CSE: LOAN) (OTC: PNNRF) Issues Update on Mary’s Wellness Tea Beverage Brand

Redfund Capital Corp. (CSE: LOAN) (OTC: PNNRF) (Frankfurt: O3X4) this morning issued an update on the operations of Mary’s Wellness Ltd. (“Mary’s”), a best-in-class cannabis infused tea beverage company. Per the update, Redfund is currently conducting active discussions with UK-, Switzerland-, Colombia- and Portugal-based partners to assist in the launch of Mary’s products. The company intends to collaborate with Mary’s team using third party metrics from groups including the UN Human Development Index and the International Labor Association to verify the ethics and quality of the companies from which it sources its tea and coffee products. Mary’s is now working…

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FridayNov 09, 2018 9:53 am

CannabisNewsBreaks – Plus Products Inc. (CSE: PLUS) Brings to Market its Cranberry & Shortbread Gummies: 2018 Holiday Limited Edition

Plus Products (CSE: PLUS) this morning announced availability of its latest special edition, Cranberry Shortbread cannabis-infused gummies. The dosable and discrete product, representing the fourth limited edition that PLUS has launched in 2018, will be available by licensed retailers across the state of California for the 2018 holiday season. “At PLUS, we believe that if you want to build a brand that can extend from California to other states, you need to start by making products that improve people’s lives,” PLUS CEO Jake Heimark stated in the news release. “Our 2018 ‘Holiday Bliss’ focuses on something we believe is important…

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ThursdayNov 08, 2018 12:38 pm

CannabisNewsBreaks – Therma Bright Inc. (TSX.V: THRM) (OTC: THRBF) Details Plans for Cannabis Device-Focused Subsidiary

Progressive medical device technology company Therma Bright Inc. (TSX.V: THRM) (OTC: THRBF) recently detailed its plans to incorporate a 100 percent wholly owned subsidiary to hold device-related technology for the application or use of medicinal or recreational marijuana, including its previously-detailed pain relief device and all related intellectual property. Per the update, Therma Bright has reviewed several device delivery systems for cannabis in recent weeks, as well as personal home growing systems in the wake of Canada’s mid-October legalization of recreational cannabis. The company’s management team expects to review these devices and shortlist the top acquisition opportunities after completion of…

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MondayNov 05, 2018 3:06 pm

CannabisNewsBreaks – Redfund Capital Corp. (CSE: LOAN) (OTC: PNNRF) Funds Winterlife Inc.

Redfund Capital Corp (CSE: LOAN) (Frankfurt: O3X4) (OTC: PNNRF) today announced that it has signed a promissory note to fund Winterlife Inc. including the premier launch of its new CBD and hemp-based product line, WinterlifeCBD. The WinterlifeCBD product line is free of THC and is entirely organic, vegan and gluten free. The line is comprised of gourmet cookies, tinctures and capsules manufactured in Washington State. The companies inked a two-year term convertible secured promissory note for CAD $1,000,000 at an annual interest rate of 14%. Redfund holds the option to convert the note at any time during the term. Additionally,…

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MondayNov 05, 2018 10:43 am

CannabisNewsBreaks – Aurora Cannabis Inc. (TSX: ACB) (NYSE: ACB) Increases Investment in Choom Holdings Inc. (CSE: CHOO) (OTCQB: CHOOF)

British Columbia-based fully-integrated cannabis company Choom Holdings (CSE: CHOO) (OTCQB: CHOOF), together with Aurora Cannabis Inc. (TSX: ACB) (NYSE: ACB), this morning announced that the companies have completed a non-brokered private placement of a debenture in the principal amount of $20,000,000 in Choom by Aurora, convertible into common shares of Choom at a conversion price of $1.25 per share, with a four year maturity date. The unsecured convertible debenture is subject to a minimum conversion amount of $5,000,000. Following the expiration of the hold period, if the volume weighted average trading price ("VWAP") of the common shares on the CSE…

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FridayNov 02, 2018 12:20 pm

CannabisNewsBreaks – The Flowr Corporation (TSX.V: FLWR) Receives Speculative Buy Rating, $5 Price Target from Clarus Securities

The Flowr Corporation (TSX.V: FLWR), a vertically integrated Canadian cannabis company headquartered in Markham, Ontario with a Kelowna, British Columbia-based production facility, is making a name for itself in the booming cannabis sector. FLWR was recently covered in a research report by Clarus Securities, which was then highlighted in a recent article published by CantechLetter.com, titled ‘The Flowr Corporation could be a big winner in the cannabis space, Clarus Securities says’. The research report describes the company as “one of the very few Canadian licensed producers of cannabis with experience in successfully scaling indoor cultivation of premium product.” Clarus Securities…

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FridayNov 02, 2018 10:06 am

CannabisNewsBreaks – Phivida Holdings Inc. (CSE: VIDA) (OTCQX: PHVAF) Appoints Senior VP, Distribution to Drive Brand Growth, Market Presence

Hemp-cultivated cannabinoid innovator Phivida Holdings (CSE: VIDA) (OTCQX: PHVAF) announced the appointment of its new Senior Vice President, Distribution Greg McCauley. McCauley’s experience spans over 30 years in the consumer products industry, serving in roles with major brands including Jägermeister, Muscle Milk and Red Bull. His experience, skills and network position will assist Phivida in driving product growth, initially with the launch of its Oki brand and to optimize its presence in the rapidly-growing premium functional food and beverage market. "Phivida is delighted that Greg will be joining our team to work with us on this next exciting stage of…

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MondayOct 29, 2018 3:50 pm

CannabisNewsBreaks – Plus Products Inc. (CSE: PLUS) Completes IPO; Begins Trading on the Canadian Securities Exchange

Plus Products (CSE: PLUS) has successfully completed its initial public offering (“IPO”) of 6,153,847 subordinate voting shares at a price of CAD $3.25 per share. The offering resulted in total gross proceeds to the company of CAD $20,000,002.75. Canaccord Genuity Corp., Haywood Securities Inc. and PI Financial Corp. acted as agents for the IPO. PLUS has granted the agents 297,784 non-transferrable share purchase warrants that are exercisable into one subordinate voting share in the capital of the company at the price of CAD $3.25 each for a period of 24 months. The agents also received a fee equal to 6%…

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FridayOct 26, 2018 9:30 am

CannabisNewsBreaks – The Flowr Corporation (TSX.V: FLWR) Appoints CEO to Board of Directors; Engages Independent Trading Group, Inc.

The Flowr Corp. (TSX.V: FLWR), a Canadian Licensed Producer of premium cannabis products, has appointed the company’s CEO, Vinay Tolia, to its Board of Directors. Tolia will be replacing David Towill, who is stepping down from the company’s board effective October 26, 2018. In addition, FLWR has engaged Independent Trading Group Inc. (“ITG”) to provide market maintenance services in compliance with the guidelines of the TSX Venture Exchange and other relevant legislation. FLWR will pay CAD $5,000 per month to ITG during the period of the agreement, which will last a minimum of three months. The primary reason for the…

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