Breaks Categories: News

ThursdayJun 07, 2018 10:31 am

CannabisNewsBreaks – FinCanna Capital Corp. (CSE: CALI) (OTCQB: FNNZF) Announces $1M Revenue Milestone for Cultivation Technologies Inc.

FinCanna Capital Corp. (CSE: CALI) (OTCQB: FNNZF), a royalty company for the U.S. licensed medical cannabis industry, this morning announced that Cultivation Technologies Inc. (“CTI”), its first investment in California, has achieved $1 million in cumulative revenue since it commenced operations in late January 2018. “We are very pleased to see the sales performance of CTI which has translated into its first US$1 million in revenue at only a fraction of its capacity,” Andriyko Herchak, president and CEO of FinCanna Capital, stated in the news release. “With its sales team in place building out an ever-expanding distribution footprint, and it’s…

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ThursdayJun 07, 2018 9:29 am

CannabisNewsBreaks – ABcann Global Corp. (TSX.V: ABCN) (OTCQB: ABCCF) Posts Results of Annual General Meeting

ABcann Global Corp. (TSX.V: ABCN) (OTCQB: ABCCF) this morning announced the results of its annual general and special meeting of shareholders that took place on June 5, 2018. During the meeting, shareholders of the company voted on and approved the following resolutions: re-appointing MNP LLP, Chartered Accountants, as auditor of the company for the 2018 fiscal year; fixing the number of directors of the company at six; the election of directors; the ratification and approval of the company’s 2017 Stock Option Plan; and the approval of a future name change of the company, to be decided by the company’s board…

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WednesdayJun 06, 2018 9:40 am

CannabisNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTC: TGODF) Announces Launch of Global Beverage Division

Cannabis-focused research and development company The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTC: TGODF) this morning announced the launch of a global division focused on the beverage industry. Per the update, the company’s senior management team boasts over 125 years of combined beverage industry experience, including time with both international soft drink and alcoholic beverage companies in Canada and the United States. TGOD intends to leverage this experience to provide a strategic pathway into the cannabis market for large-scale beverage companies by way of direct investment, joint venture or other suitable opportunities. As part of a $55 million R&D…

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TuesdayJun 05, 2018 10:25 am

CannabisNewsBreaks – PreveCeutical Medical Inc. (CSE: PREV) (OTCQB: PRVCF) (FSE: 18H) Announces Engagement of Stadnyk & Partners

Health sciences company PreveCeutical Medical Inc. (CSE: PREV) (OTCQB: PRVCF) (FSE: 18H) this morning announced its entry into an agreement with Stadnyk & Partners whereby PreveCeutical will engage Stadnyk & Partners to provide market awareness and strategic advisory services to the company. Per the terms of the agreement, Stadnyk & Partners will provide market awareness services to the company throughout the initial 12-month term of the agreement in exchange for two million stock options, each of which will be exercisable to acquire one common share in the capital of PreveCeutical for $0.08 per share for a period of 24 months.…

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TuesdayJun 05, 2018 9:29 am

CannabisNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTC: TGODF) Announces Agreement for $25M Bought Deal Financing

Cannabis-focused research and development company The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTC: TGODF) this morning announced that it has entered into an engagement letter with Canaccord Genuity Corp., acting as co-lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters, including co-lead underwriter PI Financial Corp. and Mackie Research Capital Corporation, pursuant to which the underwriters have agreed to purchase 3.91 million special warrants of The Green Organic Dutchman, on an bought deal basis, at a price per special warrant of $6.40 for aggregate gross proceeds of approximately $25 million. Per the update, the offering is…

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MondayJun 04, 2018 11:54 am

CannabisNewsBreaks – FinCanna Capital Corp.’s (CSE: CALI) (OTCQB: FNNZF) First Investment in California Secures Distribution to Ten Dispensaries

FinCanna Capital (CSE: CALI) (OTCQB: FNNZF), a royalty company for the U.S. licensed medical cannabis industry, this morning provided an update regarding its first investment in California, Cultivation Technologies, Inc. (“CTI”). Per the update, CTI has secured distribution of its Coachella™ Premium brand of cannabis concentrates and vape cartridges to ten dispensaries throughout California. “We are very pleased with the growth and expansion of the Coachella™ Premium brand throughout California and are impressed with the quality of dispensaries that are selling the products. Concentrate and Vape sales generate high margin revenue for FinCanna and its shareholders,” FinCanna Capital President and…

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FridayJun 01, 2018 9:23 am

CannabisNewsBreaks – Global Hemp Group, Inc. (CSE: GHG) (FRA: GHG) (OTC: GBHPF) Acquires Equity Interest in Cash Crop Today Media, LLC

British Columbia-based hemp cultivation company Global Hemp Group (CSE: GHG) (FRANKFURT: GHG) (OTC: GBHPF) this morning announced that it has entered a purchase agreement with Cash Crop Today Media, LLC (“CCT”) to acquire a 50% equity interest in CCT. Per the terms of the agreement, Global Hemp Group will pay a total of $150,000 for its 50% interest in CCT, comprised of a cash payment of $60,000 and the issuance of 600,000 common shares to be delivered to CCT within 15 days of closing. The issued shares are subject to a customary one-year hold period. “Founder Dave Hill has been…

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ThursdayMay 31, 2018 12:18 pm

CannabisNewsBreaks – Aphria Inc. (TSX: APH) (OTC: APHQF) Engages Great North Distributors, Inc.

Aphria (TSX: APH) (OTC: APHQF) recently announced that it has signed an agreement to engage Great North Distributors, Inc. as the exclusive manufacturer’s representative for Aphria’s adult-use cannabis products throughout Canada following the anticipated legalization of recreational cannabis. Great North Distributors will provide Aphria total coverage of all cannabis retailers throughout Canada beginning on the first day of legalization. “Aphria is committed to being the premier cannabis company in Canada and around the world, and this strategic relationship brings us one step closer to reaching our goal,” Aphria CEO Vic Neufeld stated in the news release. “We’re delighted to have…

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ThursdayMay 31, 2018 12:14 pm

CannabisNewsBreaks – Isodiol International Inc. (CSE: ISOL) (OTC: ISOLF) (FSE: LB6A.F) Inks LOI with Sundial Growers Inc.

Global CBD innovator Isodiol International (CSE: ISOL) (OTC: ISOLF) (FSE: LB6A.F) recently announced that, subject to applicable regulatory approvals, it has signed a Letter of Intent (“LOI”) with Sundial Growers Inc. to import CBD isolate into Canada. Sundial Growers is a privately held Health Canada Access to Cannabis for Medical Purposes Regulations (“ACMPR”) licensed producer and currently operates a 31,000 square foot production facility in Rocky View, Alberta. Per the terms of the agreement, CBD will be imported into Canada through a Health Canada approved Licensed Dealer. Isodiol and Sundial aim to execute a Definitive Supply Agreement which will also be subject to…

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ThursdayMay 31, 2018 9:57 am

CannabisNewsBreaks – Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) Outlines Plans to Create Two Wholly Owned Subsidiaries

Drug delivery platform innovator Lexaria Bioscience Corp. (CSE: LXX) (OTCQB: LXRP) this morning announced its intention to create two wholly owned subsidiaries to hold specific intellectual property. The first subsidiary will hold IP related to the improved processing and combustion-free delivery of nicotine and nicotine analogs, while the second subsidiary will hold IP related to the delivery of non-steroidal anti-inflammatory drugs, phosphodiesterase inhibitors and other active pharmaceutical ingredients. Per the update, this proposed structure, which is subject to ongoing legal and tax analysis, more suitably reflects the distinct customer bases and business applications for each subsidiary, allowing the company to…

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