Breaks Categories: News

ThursdayMay 10, 2018 1:58 pm

CannabisNewsBreaks – Phivida Holdings Inc. (CSE: VIDA) (OTC: PHVAF) Issues Corporate Update for the Second Quarter of Fiscal 2018

Cannabidiol infused health product company Phivida Holdings Inc. (CSE: VIDA) (OTC: PHVAF) this morning issued a corporate update for the second quarter of fiscal 2018. Among the highlights, the company noted its completion of a sizable production run aimed at adding product inventory, the retention of Creative Director Brian Schmidt and award-winning global creative agency Sid Lee, its entry into a joint venture focused on cannabis-infused beverages and the bolstering of its leadership team through the appointment of James Bailey as its new chief executive officer. Phivida also closed a bought-deal short form prospectus financing on April 19, 2018, with…

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WednesdayMay 09, 2018 9:47 am

CannabisNewsBreaks – Global Hemp Group, Inc. (CSE: GHG) (FRA: GHG) (OTC: GBHPF) and Marijuana Company of America, Inc. (MCOA) Form Cultivation-Focused JV

British Columbia-based hemp cultivation company Global Hemp Group (CSE: GHG) (FRANKFURT: GHG) (OTC: GBHPF) this morning announced its entry into a joint venture with Marijuana Company of America, Inc. (OTC: MCOA) related to the cultivation of legal, high-yielding CBD from industrial hemp at its newly acquired 109-acre farm in Scio, Oregon. Per the update, the two companies will jointly invest a total of $1.2 million in the development of the project in 2018, with funding being completed on a 50/50 basis. “We are really proud of the hard work our partners have put into this project, as we continue to…

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WednesdayMay 09, 2018 9:21 am

CannabisNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) Exercises C$17.3M Over-Allotment Option Following IPO

Cannabis-focused research and development company The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) this morning announced that it has issued an additional 4,726,500 units at C$3.65 per over-allotment unit, raising additional aggregate gross proceeds of C$17,251,725. After taking into account this over-allotment option, TGOD will have raised aggregate proceeds of more than C$132.2 million through its recently completed IPO by issuing an aggregate of 36,236,500 units of the company. “We are extremely pleased with the markets’ support of our IPO, which is the largest to date on the TSX in the cannabis space,” Robert Anderson, co-chairman and CEO of TGOD,…

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MondayMay 07, 2018 10:37 am

CannabisNewsBreaks – PreveCeutical Medical Inc. (CSE: PREV) (OTCQB: PRVCF) (FSE: 18H) Inks NDA with Global Drug Delivery Device Manufacturer

Health sciences company PreveCeutical Medical (CSE: PREV) (OTCQB: PRVCF) (FSE: 18H) this morning announced that it has signed a non-disclosure agreement ("NDA") with an internationally known drug delivery device manufacturer. The NDA permits PreveCeutical to have discussions with the manufacturer regarding the supply of spray devices for use in the company's soluble gel ("Sol‑gel") drug delivery research program. The company’s research partner, the University of Queensland, has received various prototype spray devices from the manufacturer at the Pharmacy Australia Centre of Excellence, where testing of the devices for the program is taking place. "We are pleased to have signed an…

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MondayMay 07, 2018 9:30 am

CannabisNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) Builds Strong Executive Leadership Team

Cannabis-focused research and development company The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) this morning announced that it has added several new team members. The new executives include Brian Athaide as CFO, Anna Stewart as General Counsel, Mike Gibbons as VP of Sales, Andrew Pollock as VP of Marketing, John Wren as VP of Operations and Andy Corcoran as Regional Sales Manager for Ontario and Western Canada. “We are very proud to introduce these new additions to the TGOD team. These individuals bring a vast amount of experience and proven success in their respective fields. TGOD’s ability to attract this…

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FridayMay 04, 2018 10:58 am

CannabisNewsBreaks – Emerald Health Therapeutics (TSXV: EMH) (OTCQX: EMHTF) (Frankfurt: TBD) Acquires ACMPR Licensed Cannabis Producer

Emerald Health Therapeutics (TSXV: EMH) (OTCQX: EMHTF) (Frankfurt: TBD) recently announced that it has acquired all issued and outstanding securities of Saint-Eustache, Québec-based 8611165 Canada Inc., an Access to Cannabis for Medical Purposes Regulations (“ACMPR”) licensed producer and its affiliate 9353-8460 Québec Inc. (together, “Agro-Biotech”). Per the terms of the acquisition, Emerald will pay a total purchase price of $90 million to the shareholders of Agro-Biotech, half of which will be paid in cash with the remaining half to be paid in shares. Half of the cash consideration was paid upon closing and the balance will be payable on May…

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ThursdayMay 03, 2018 11:50 am

CannabisNewsBreaks – PreveCeutical Medical Inc. (CSE: PREV) (OTCQB: PRVCF) (FSE: 18H) Obtains Additional Permits from Australian Government for Cannabis Importation

Health sciences company PreveCeutical Medical (CSE: PREV) (OTCQB: PRVCF) (FSE: 18H) this morning announced that it has been granted two additional permits by the Australian Government, Department of Health, for the importation of a second shipment of cannabis plant materials for research purposes and the shipment of dried cannabis materials in accordance with the permits. The permits, which have been granted to the Pharmacy Australia Centre of Excellence (“PACE”) at the University of Queensland, enable PACE to import cannabis plant material shipments for research purposes. The company’s Canadian licensed producer partner also obtained the mandatory Canadian permits to export their…

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ThursdayMay 03, 2018 11:22 am

CannabisNewsBreaks – Choom Holdings Inc. (CSE: CHOO) (OTCQB: CHOOF) Announces Close of Island Green Cure Acquisition

British Columbia-based cannabis cultivation firm Choom Holdings Inc. (CSE: CHOO) (OTCQB: CHOOF) this morning announced that it has closed its acquisition of Island Green Cure Ltd. (“IGC”), an advanced-stage cannabis production license applicant under Health Canada’s Access to Cannabis for Medical Purposes Regulations. Pursuant to the closing, Choom will issue eight million common shares to the shareholders of IGC and 500,000 common shares to a finder. In a January news release detailing the IGC acquisition, Chris Bogart, president and CEO of Choom, stated, “Upon completion of the tenant improvements, [Island Green Cure Ltd.] will submit its evidence package to Health…

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ThursdayMay 03, 2018 11:06 am

CannabisNewsBreaks – Sunniva Inc. (CSE: SNN) (OTCQX: SNNVF) Chooses Okanagan Falls Property for Canadian Facility

Vertically integrated medical cannabis company Sunniva (CSE: SNN) (OTCQX: SNNVF) this morning announced that after reviewing several options, it has chosen a 126 acre Okanagan Falls, British Columbia site to build its Canadian facility. Sunniva Medical Inc., a wholly-owned subsidiary of the company, has entered into a purchase and sale agreement to obtain the entire 126-acre industrial zoned property for $7 million. Closing of the acquisition is conditional to certain due diligence items and other conditions customary in transactions of this nature, although the company’s preliminary due diligence review of the property has been completed. Close of the transaction is…

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ThursdayMay 03, 2018 9:43 am

CannabisNewsBreaks – ABcann Global Corp. (TSX.V: ABCN) (OTCQB: ABCCF) Issues Update Detailing 2018 Growth Strategy

Pharmaceutical-grade cannabis company ABcann Global Corp. (TSX.V: ABCN) (OTCQB: ABCCF) this morning issued a business update. “Over the past two quarters, we have enhanced our leadership team, strengthened our balance sheet, improved operational effectiveness, and made significant commercial advancements,” Barry Fishman, CEO of ABcann, stated in the news release. “ABcann is well-positioned, with approximately $130 million in cash, to accelerate the growth of our business.” Per the update, the company’s management team has formulated a growth strategy for 2018 that is focused on several key areas, including expansion of its production capacity, a go-to-market strategy that centers on rebranding the…

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