Breaks Categories: News

WednesdaySep 23, 2020 11:01 am

CannabisNewsBreaks – Sugarmade Inc. (SGMD) Signs LOI, Plans to Operate California Cannabis Cultivation Facility

Sugarmade Inc. (OTCQB: SGMD), a leading, multidivisional/multiproduct/multisector supply company announced it has signed a nonbinding letter of intent (“LOI”) to negotiate a definitive lease agreement granting access to an estimated 40 acres of property located in North California. The LOI is with LMK Capital LLC. SGMD announced that it plans to allocate five acres of the parcel for the operation of a licensed, regulated cannabis cultivation company. Sugarmade has other cannabis interests. The company currently owns a 40% stake in BudCars, a cannabis delivery company operating in the San Francisco area; the company also has an option to increase that…

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TuesdaySep 22, 2020 10:24 am

CannabisNewsBreaks – The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Announces Revision of Three-Year Term Credit Facility

The Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1), a global diversified portfolio of distinct cannabis companies, products and brands, announced that it has amended its existing credit facility with its lenders; the original agreement was initially announced on Nov. 14, 2019. The new amended agreement notes that SPRWF has secured a 12-month deferral of its financial covenants related to fixed-charge coverage ratio and leverage to begin in the quarter ending March 31, 2022. The agreement also stipulates that new covenants regarding minimum liquidity and EBITDA will be tested in the interim. SPRWF has also agreed to a 75 basis…

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MondaySep 21, 2020 12:17 pm

CannabisNewsBreaks – Willow Biosciences Inc. (TSX: WLLW) (OTCQX: CANSF) Achieves Scalable Production of Pure CBG

Willow Biosciences (TSX: WLLW) (OTCQX: CANSF), a Vancouver, Canada-based company focused on manufacturing pharmaceutical-grade cannabinoids via synthetic biology, today announced that it has successfully developed a scalable process, with demonstrated production at 500 litre scale, for producing cannabigerol ("CBG") with greater than 99% purity and no detectable tetrahydrocannabinol (“THC”). "Achieving scalable production of pure CBG is a pivotal milestone for both Willow and our industry" said Willow's Chief Executive Officer Trevor Peters in the press release. "The market opportunity for high-purity cannabinoids manufactured under GMP control is expected to be in the billions of dollars in the coming years, and…

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FridaySep 18, 2020 10:57 am

CannabisNewsBreaks – Pac Roots Cannabis Corp. (CSE: PACR) Expands Portfolio to Add 250 Acres in Prestigious Fraser Valley Region

Pac Roots (CSE: PACR) (“PacRoots”), a Canadian cannabis company dedicated to producing premium-quality strains and products by leveraging a genetics-focused approach, today announced the closing of a share purchase agreement with 1088070 BC. LTD., a company existing under the laws of Canada ("1088") and Dave Jonkman and Norm Tapp (together, the "1088 Shareholders" and each, a "1088 Shareholder"). Under the agreement, PacRoots has acquired all of the issued and outstanding shares of 1088, which owns and controls nine parcels comprised of 250 acres of prestigious land in the Fraser Valley Region of British Columbia. "The addition of such a substantial…

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WednesdaySep 16, 2020 12:17 pm

CannabisNewsBreaks – The Alkaline Water Company Inc. (CSE: WTER) (NASDAQ: WTER) Continues Making ‘Great Strides Toward C-Store Strategy’

The Alkaline Water Company (CSE: WTER) (NASDAQ: WTER), a producer of premium bottled alkaline and flavored-infused drinking waters and CBD-infused products, today announced that its flagship brand, Alkaline88(R), is now available in over 200 new convenience store locations and across seven Core-Mark distribution centers. “We continue to make great strides toward our c-store strategy and see strong demand for our single-serve offerings,” said WTER president and CEO Ricky Wright in the press release. “Our flagship brand, Alkaline88, is now available in seven Core-Mark distribution centers, giving us access to thousands of new c-stores across the United States. With Core-Mark representing…

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WednesdaySep 16, 2020 10:55 am

CannabisNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Partners with Chocolatier to Offer Cannabis-Infused Chocolates

The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF), a leading producer of premium certified organically grown cannabis, has signed a letter of intent with Quebec-based Chocolatier to produce a new line of premium cannabis-infused, organic chocolate at its Valleyfield site. The new product line, part of TGOD’s strategic plans for expansion, will feature high-quality Belgian chocolate and organic gourmet ingredients. The announcement follows TGOD’s decision to transform its licensed Valleyfield facility into a processing hub to support its expanding product portfolio, reducing the company’s reliance on third parties and providing enhanced agility and increased quality control. "As we conducted a complete…

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MondaySep 14, 2020 11:09 am

CannabisNewsBreaks – Willow Biosciences Inc. (TSX: WLLW) (OTCQX: CANSF) to Webcast Live at Life Sciences Investor Forum

Willow Biosciences (TSX: WLLW) (OTCQX: CANSF), based in Vancouver, Canada, focused on manufacturing pharmaceutical-grade cannabinoids via synthetic biology, today announced that its president and CEO, Trevor Peters, will present live at LifeSciencesInvestorForum.com at 2:30 p.m. ET on September 17, 2020. Interested parties may register for and access the presentation at http://cnw.fm/aTrB8. Investors are invited to ask the company real-time questions at the live, interactive online event. An archived webcast will be available after the event for those unable to attend live on the day of the conference. To view the full press release, visit http://cnw.fm/wKZzE About Willow Biosciences Inc. Willow…

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MondaySep 14, 2020 10:05 am

CannabisNewsBreaks – Canopy Rivers Inc. (TSX: RIV) (OTC: CNPOF) Announces Receipt of Statement of Claim Relating to PharmHouse JV

Canopy Rivers (TSX: RIV) (OTC: CNPOF), today announced its receipt of a statement of claim filed by 2615975 Ontario Inc., the company's joint venture (“JV”) partner in PharmHouse Inc., concerning certain disputes relating to PharmHouse. According to the update, the claim makes a number of allegations against the company, Canopy Growth Corporation and TerrAscend Corp. and TerrAscend Canada Inc. (together, "TerrAscend"), including claims relating to bad faith, fraud, civil conspiracy, breach of the duty of honesty and good faith in contractual relations and breach of fiduciary duty, and claims relating to PharmHouse's offtake agreements with Canopy Growth and TerrAscend. The…

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ThursdaySep 10, 2020 11:40 am

CannabisNewsBreaks – The Alkaline Water Company Inc. (CSE: WTER) (NASDAQ: WTER) Adds New Distributor, Builds Momentum in Eco-Friendly Bottle Sector

The Alkaline Water Company (CSE: WTER) (NASDAQ: WTER), a producer of premium bottled alkaline and flavored-infused drinking waters and CBD-infused products, today announced that it has added Valu Merchandisers Company (“VMC”) as a distributor covering Midwest and Southern states. In addition, the company announced that H-E-B will now carry Alkaline88(R) aluminum bottles in 288 stores across Texas and receipt of strong initial orders from KeHE and UNFI, which recently agreed to carry the Alkaline88 eco-friendly aluminum bottles. “It is exciting to see momentum build around our eco-friendly and truly sustainable aluminum bottles,” said WTER president and CEO Ricky Wright in…

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WednesdaySep 09, 2020 1:44 pm

CannabisNewsBreaks – One Cannabis Door Closes, New Ones Open for Former Canopy Growth Corporation (TSX: WEED) (NYSE: CGC) CEO

Former Canopy Growth (TSX: WEED) (NYSE: CGC) co-founder and co-CEO Bruce Linton was featured in a recent Yahoo! Finance article by Zack Guzman. The piece details “a smattering of new roles” Linton has landed within the cannabis industry since being “ousted” by Canopy’s board, which Guzman describes as having become increasingly controlled by investor and beer conglomerate Constellation Brands Inc. (NYSE: STZ). The cannabis pioneer will reportedly be joining, in an advisor capacity, many smaller companies, as well as “trying his hand as an activist investor” for SLANG Worldwide Inc. (OTC: SLGWF) – a global cannabis consumer packaged goods company.…

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