Breaks Categories: News

ThursdayMar 19, 2020 3:29 pm

CannabisNewsBreaks – Champignon Brands Inc. (CSE: SHRM) Inks Agreement to Acquire Novo Formulations, Broadens Alternative Medicine Portfolio

Champignon Brands (CSE: SHRM), a wellness company specializing in medicinal mushroom and mushroom-infused products, today announced the expansion of its vertically integrated, alternative medicine product portfolio with the addition of new proprietary intellectual property (“IP”). SHRM recently entered into a definitive agreement, signed March 18, 2020, to acquire Novo Formulations Ltd. (“Novoformulations”), a specialty biotechnology company focused on developing novel and innovative delivery systems for the pharmaceutical and nutraceutical industries. Per the terms of the agreement, Champignon will acquire 100% of the issued and outstanding shares of Novoformulations for a total consideration of 12.5 million common shares in the capital…

Continue Reading

ThursdayMar 19, 2020 9:39 am

CannabisNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) Releases Shareholder Letter Discussing COVID-19 and Strategic Changes

Plus Products (CSE: PLUS) (OTCQX: PLPRF), a leading branded cannabis products company based in California, today released a letter from its Co-founder and CEO, Jake Heimark, discussing the COVID-19 pandemic and recent company developments. “We do not know how COVID-19 will affect our business, but we believe that we are well prepared to respond to this crisis. For our company’s full response and real-time updates on the actions we are taking to respond to this crisis, please visit PlusProductsInc.com/coronavirus,” Heimark stated in the letter. “PLUS continues to have a strong foundation as a leader in the California cannabis market. We…

Continue Reading

ThursdayMar 19, 2020 9:31 am

CannabisNewsBreaks – Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) Commences COVID-19 Drug Delivery Program

Lexaria Bioscience (CSE: LXX) (OTCQX: LXRP), a global innovator in drug delivery platforms, this morning announced the initiation of a program, in collaboration with leading laboratories in Canada and the USA, to analyze the benefits of Lexaria's DehydraTECH(TM) drug delivery platform for improving delivery and effectiveness of certain antiretroviral drugs in the fight against coronavirus disease COVID-19. Researchers around the world are currently examining several antiretroviral drugs, many of which are fat soluble, as possible candidates to combat COVID-19. When administered in oral form, fat soluble drugs are known to present considerable bioavailability challenges in effectively reaching the human bloodstream.…

Continue Reading

MondayMar 16, 2020 9:43 am

CannabisNewsBreaks – Champignon Brands Inc. (CSE: SHRM) Enters Definitive Agreement to Acquire Craft Mushroom Cultivator Artisan Growers Ltd.

Champignon Brands (CSE: SHRM), a wellness company specializing in medicinal mushroom and mushroom-infused products, continues to advance its vertical integration through the addition of craft mushroom production, manufacturing and research capabilities. On Friday, the Company announced its entry into a definitive agreement to acquire Artisan Growers Ltd., a British Columbia based craft mushroom cultivator and supplier. Artisan Growers utilizes a variety of techniques and infrastructure to produce premium craft mushrooms, operating a craft cultivation facility capable of producing an assortment of organic varietals including Lion’s Mane, Chaga, Reishi and Agaricus Blazei. According to the update, Champignon plans to integrate Artisan…

Continue Reading

ThursdayMar 12, 2020 9:29 am

CannabisNewsBreaks – Canopy Rivers Inc. (TSX: RIV) (OTC: CNPOF) Portfolio Company Obtains C$80.5M Debt Financing Arrangement with Canopy Growth Corp. (TSX: WEED) (NYSE: CGC)

Canopy Rivers (TSX: RIV) (OTC: CNPOF), a venture capital firm specializing in cannabis, on Wednesday announced that TerrAscend Canada Inc., a wholly owned subsidiary of CNPOF’s portfolio company TerrAscend Corp. (CSE: TER) (OTCQX: TRSSF), has entered into an C$80.5 million loan financing arrangement with Canopy Growth Corp. (TSX: WEED) (NYSE: CGC) pursuant to a secured debenture. TerrAscend has issued 17,808,975 common share purchase warrants to Canopy Growth in connection with the loan. TerrAscend Canada intends to use the net proceeds toward general corporate purposes, the funding of its Canadian operations, its Arise Bioscience U.S. hemp division, international expansion, and the…

Continue Reading

WednesdayMar 11, 2020 9:36 am

CannabisNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Announces Q4, Year End 2019 Financial Results

The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF), a leading producer of premium, certified-organic cannabis, on Tuesday released its results for the fourth quarter and fiscal year ended December 31, 2019. Among the highlights, the company posted $3.25 million in quarterly revenue ($11.16 million for the year) consisting of hemp-derived product sales in Europe of $2.56 million ($9.88 million for the year) and sales from cannabis products in Canada of $0.69 million ($1.28 million for the year). “While 2019 was a challenging year for the entire sector, we have made significant progress on the operational front and adjusted our…

Continue Reading

TuesdayMar 10, 2020 10:30 am

CannabisNewsBreaks – Choom(TM) (CSE: CHOO) (OTCQB: CHOOF) Continues Expansion of Cannabis Retail Network with 15th Alberta Location

Choom(TM) (CSE: CHOO) (OTCQB: CHOOF), an emerging adult use cannabis company that has secured one of the largest national retail networks in Canada, on Monday announced the opening of a licensed cannabis retail store in Edmonton, Alberta. The latest brick-and-mortar location is slated to open on March 13, 2020. "We look forward to welcoming the community of Edmonton as we share our unique retail experience with the opening of Choom's 15th location in Alberta," Choom CEO Corey Gillon said in the news release. "We are thrilled to continue the expansion of our cannabis retail network throughout the province." To view…

Continue Reading

FridayMar 06, 2020 12:25 pm

CannabisNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) to Report Q4, Year End 2019 Financial Results on March 10

The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF), a leading producer of premium, certified-organic cannabis, today announced that the company will release its fourth quarter and year end 2019 financial results after market close on Tuesday, March 10, 2020. At 9 AM ET on Wednesday, March 11, 2020, TGODF will hold a conference call featuring CEO Brian Athaide and CFO Sean Bovingdon to discuss the results. A question and answer period will feature analysts following the speakers on the call. To join the conference call, dial 1-416-764-8688 for the Toronto line or 1-888-390-0546 for the toll-free North America line…

Continue Reading

ThursdayMar 05, 2020 2:16 pm

CannabisNewsBreaks – Ignite International Brands, Ltd. (CSE: BILZ) (OTCQX: BILZF) Enters Licensing Agreement with Namaste Technologies, Inc.’s (TSX.V: N) (OTCQB: NXTTF) (FRA: M5BQ) CannMart

Ignite International Brands, Ltd. (CSE: BILZ) (OTCQX: BILZF) recently announced its entry into a licensing agreement with CannMart Inc., a leading online provider of high quality cannabis products and accessories, operating as a wholly-owned subsidiary of Namaste Technologies Inc. (TSX.V: N) (OTCQB: NXTTF) (FRA: M5BQ). According to the update, the agreement grants CannMart a non-exclusive license to utilize certain IGNITE brand trademarks on legal cannabis-based products in consideration for certain royalty payments. “The IGNITE team remains committed to delivering cannabis products to every market we target. We firmly believe working with CannMart will provide quality product offerings and a quicker…

Continue Reading

ThursdayMar 05, 2020 1:19 pm

CannabisNewsBreaks – Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) Announces Successful Processing of DehydraTECH(TM)-Enabled Nanoemulsion for CBD Beverages

Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP), a global innovator in drug delivery platforms, on Wednesday announced successful processing of its first DehydraTECH(TM)-enabled liquid nanoemulsion for cannabidiol ("CBD") beverages for one of its licensed clients. Per the update, Lexaria's client expects to soon begin distribution of its line of CBD beverages in select stores across the U.S. Emulsified DehydraTECH processing is an additional service Lexaria can now provide to qualifying clients wanting to formulate best in class ready-to-drink beverages containing CBD. As referenced in a February 13 press release, Lexaria recently added this additional capability to its powder production facility.…

Continue Reading