WednesdayFeb 21, 2018 9:28 am

CannabisNewsBreaks – Veritas Pharma Inc. (CSE: VRT) (OTC: VRTHF) (FRT: 2VP) Issues Corporate Update Detailing Q1 2018 Milestones

Emerging-stage pharmaceutical and IP development company Veritas Pharma Inc. (CSE: VRT) (OTC: VRTHF) (FRT: 2VP) this morning issued an official corporate update on its achievements, related scientific activities and growth strategies for the first quarter of fiscal 2018. Highlights include the company’s ongoing search for prospective office and research lab space on the campus of the University of British Columbia, its subsidiary’s progress toward the commencement of human trials in Puerto Rico studying lead cannabis strain CTL-X for pain management, its reception of a Health Canada dealer license through subsidiary Cannevert Therapeutics Ltd. (“CTL”) and CTL’s initiation of a cancer…

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TuesdayFeb 20, 2018 9:22 am

CannabisNewsBreaks – Veritas Pharma Inc. (CSE: VRT) (OTC: VRTHF) (FRT: 2VP) Preparing for Planned Q1 Takeover of Cannevert Therapeutics

Emerging-stage pharmaceutical and IP development company Veritas Pharma Inc. (CSE: VRT) (OTC: VRTHF) (FRT: 2VP), alongside research arm Cannevert Therapeutics Ltd., this morning announced that it is in the process of obtaining a fairness opinion from Davidson & Company LLP of Vancouver, Canada, regarding Veritas’ planned acquisition of the remaining 20 percent of Cannevert in the first quarter of 2018. Per the update, a fairness opinion is defined as “any written communication containing a conclusion as to the fairness of a proposed transaction to security holders, from a financial point of view.” Davidson & Company is expected to perform this…

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MondayFeb 12, 2018 9:53 am

CannabisNewsBreaks – Pivot Pharmaceuticals Inc. (PVOTF) Issues Corporate Update

Vancouver-based biopharmaceutical company Pivot Pharmaceuticals Inc. (OTCQB: PVOTF) this morning issued a corporate update detailing its recent activity. Per the release, the company has had a “very active” start to the current calendar year, with its management team working to build a “differentiated” company in the cannabis sector by focusing on improving the cannabis consumer experience with scientifically-derived products. Pivot’s notable corporate highlights include its proposed acquisitions of ERS Holdings, LLC and Thrudermic, LLC; its ongoing product development efforts; its growing IP portfolio; its termination of a previously announced standstill agreement; out-licensing of its IP; and its engagement of an…

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MondayFeb 05, 2018 9:54 am

CannabisNewsBreaks – Hiku Brands Company Ltd. (CSE: HIKU) (OTC: DJACF) Subsidiary Approaching Pre-Sales Inspection

Canada’s first vertically-integrated cannabis brand house, Hiku Brands Company Ltd. (CSE: HIKU) (OTC: DJACF), through its DOJA Cannabis Ltd. subsidiary, this morning announced that it has received notification from Health Canada that its pre-sales inspection has been scheduled for Tuesday, February 13, 2018. Per the update, the pre-sales license inspection is the final step prior to the issuance of a sales license under the terms of the Access to Cannabis for Medical Purposes Regulations (“ACMPR”). “As there are currently only 26 independent companies with cannabis sales licenses under the ACMPR in Canada, receiving confirmation of our Pre-Sales License Inspection from…

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ThursdayFeb 01, 2018 10:26 am

CannabisNewsBreaks – ABcann Global Corp. (TSX.V: ABCN) (OTCQB: ABCCF) Acquires Harvest Medicine Inc.

ABcann Global Corp. (TSX.V: ABCN) (OTCQB: ABCCF) this morning announced that it has completed its acquisition of Harvest Medicine Inc. pursuant to the terms of a share purchase agreement dated January 31, 2018. Per the update, the acquisition was completed in consideration for, among other things, a cash payment of $1.5 million, the issuance of 1,056,338 common shares in the capital of the company and additional post-closing consideration related to certain performance milestones, including patient revenue and profitability metrics. Moving forward, Harvest Medicine will operate as a wholly-owned subsidiary of ABcann, but it will maintain its commitment to being an…

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WednesdayJan 31, 2018 2:58 pm

CannabisNewsBreaks – Organigram Holdings, Inc. (TSX.V: OGI) (OTCQB: OGRMF) Closes $115M Convertible Debenture Offering

Organigram Holdings (TSX.V: OGI) (OTCQB: OGRMF) this morning said that is has closed its short form prospectus offering of convertible unsecured debentures of the company on a bought deal basis, including the full exercise of the over-allotment option. A total of 115,000 convertible debentures were sold during the offering at a price of $1,000 each, resulting in gross proceeds of $115,000,000 to the company. Organigram intends to use the proceeds from the offering to support the strengthening of its stance within the Canadian and global cannabis markets. The securities have not been and will not be offered or sold within…

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TuesdayJan 30, 2018 1:50 pm

CannabisNewsBreaks – DOJA Cannabis Company (CSE: DOJA) (OTC: DJACF) Closes Merger with Tokyo Smoke, Launches Hiku Brands

DOJA Cannabis Company (CSE: DOJA) (OTC: DJACF) and Tokyo Smoke, a trademark and brand of TS Brandco Holdings, have successfully completed the previously announced merger of the two companies to create Hiku, Canada’s first retail and brand-focused licensed cannabis producer. Hiku has established a substantial national retail footprint and a growing portfolio of premium cannabis lifestyle brands including DOJA, Tokyo Smoke and Van der Pop. Common shares of Hiku are anticipated to begin trading on the Canadian Stock Exchange under the ticker symbol HIKU on January 31, 2018. To view the full press release, visit http://cnw.fm/ve5Iw About DOJA Cannabis Company…

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ThursdayJan 25, 2018 3:55 pm

CannabisNewsBreaks – Choom Holdings, Inc. (CSE: CHOO) (OTCQB: CHOOF) Debuts Concept of Retail Dispensary; Engages Design Team

Canadian cannabis cultivation company, Choom™ (CSE: CHOO) (OTCQB: CHOOF), recently confirmed that is has embarked on an innovative retail dispensary strategy by releasing its concept of a new retail store design. The company remains focused on engaging recreational and lifestyle brands in the legal cannabis market, and intends to be a major player reaching Canadian cannabis consumers. Choom’s retail dispensary strategy aims to exploit the burgeoning market sector in areas of Canada that permit the private distribution of recreational cannabis through developing a chain of branded retail cannabis dispensaries. In an effort to remain a step ahead of the competition,…

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WednesdayJan 24, 2018 3:13 pm

CannabisNewsBreaks – True Leaf Medicine International Ltd. (CSE: MJ) (FSE: TLA) (OTCQB: TRLFF) Secures New Equity Financing

True Leaf Medicine International (CSE: MJ) (FSE: TLA) (OTCQB: TRLFF) this morning said it has raised C$14 million in equity financing that will enable the life cannabis company to move forward with its medicinal cannabis facility. True Leaf raised C$10M in a Regulation A+ public equity offering priced at C$0.70 per share, making it the first Canadian-listed company to successfully conduct such an offering. Additionally, the company said it is currently working toward the close of a $4,051,654.60 non-brokered private placement via the sale of 5,788,078 common shares at a price of C$0.70 per share, available to Canadian investors only.…

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WednesdayJan 24, 2018 2:46 pm

CannabisNewsBreaks – Liberty Leaf Holdings Ltd. (CSE: LIB) (OTCQB: LIBFF) (FSE: HN3P) Secures $2M in Private Placement

On January 22, Liberty Leaf Holdings Ltd. (CSE: LIB) (OTCQB: LIBFF) (FSE: HN3P) said that it closed a non-brokered private placement financing of 5,000,000 units at a price of $0.40 each. Each unit consists of one common share and one-half of one transferable share purchase warrant. Each whole warrant entitles the holder to further purchase one common share for a period of up to twenty-four months at a price of $0.60. The company also issued 259,485 finder's units with the same entails. The company received total gross proceeds of $2,000,000 from the offering which it intends to use toward fast-tracking…

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