Breaks Categories: News

FridayNov 22, 2019 10:20 am

CannabisNewsBreaks – Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Announces Appointment of Global CPG Executive John Griese as Chief Operating Officer

Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) today announced that John Griese has joined the company as its chief operating officer ("COO"). Griese brings over 30 years of executive consumer packaged goods ("CPG") and global cannabis operations experience and, in his role as COO, will be responsible for driving continuous improvements across all operating assets and leading supply chain management for Supreme Cannabis' diverse portfolio of products. “It is a privilege to welcome John Griese to our maturing leadership team during a key time when Supreme Cannabis is evolving into a leading cannabis CPG company. He has over…

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FridayNov 22, 2019 9:52 am

CannabisNewsBreaks – HTC Extraction Systems (TSX.V: HTC) to Acquire California-based Kase Farma Inc.

HTC Extraction Systems (TSX.V: HTC) today announced its entry into a November 21, 2019 share and purchase agreement (“SPA”) with Starling Brands Inc., a party at arm's length to HTC. Under the SPA, HTC will acquire all issued and outstanding shares of Kase Farma Inc., a subsidiary of Starling, and upon completion of the acquisition, Kase Farma will be a wholly owned subsidiary of HTC. Authorized to operate in the areas of hemp cultivation, extraction, refining, formulation and distribution in the state of California, Kase Farma continually strives, through best-of-class methods, to deliver health and wellness benefits of CBD, CBG,…

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FridayNov 22, 2019 9:18 am

CannabisNewsBreaks – Willow Biosciences Inc. (CSE: WLLW) (OTCQB: CANSF) Posts Q3 2019 Financial Results, Operations Update

Willow Biosciences (CSE: WLLW) (OTCQB: CANSF) on Thursday announced its financial and operating results for the three and nine months ended September 30, 2019. Among other highlights, the company reported that it ended the quarter with around $23.2 million of working capital and $24 million of cash on hand. Willow’s unaudited condensed consolidated interim financial statements and related management's discussion and analysis are available at www.SEDAR.com or on the company’s website. “Over the past few months, Willow has continued to advance its business strategy and achieved several important milestones,” Willow Biosciences president and chief executive officer Trevor Peters stated in…

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ThursdayNov 21, 2019 1:01 pm

CannabisNewsBreaks – Canopy Rivers Inc.’s (TSX: RIV) (OTC: CNPOF) Portfolio Companies Expand for Success in the Growing Market

Canopy Rivers (TSX: RIV) (OTC: CNPOF), a venture capital firm specializing in cannabis, today announced the broadening of operations of its portfolio companies as they position for success in the growing market. The update highlighted several enhancements and expansions, including one company’s launch of a data intelligence tool to assist retailers in tracking sales metrics and understanding their consumers. Another company intends to leverage Canopy Rivers' strategic alliance with Kindred Partners Inc. to expand its distribution network. Included in the update is a summary of key developments for Headset, Inc., TerrAscend Corp. (CSE: TER) (OTCQX: TRSSF), James E. Wagner Cultivation…

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ThursdayNov 21, 2019 10:22 am

CannabisNewsBreaks – Lexaria Bioscience Corp.’s (CSE: LXX) (OTCQX: LXRP) Enhanced Technology Shows Rapid Onset of Action in Under 10 Minutes

Lexaria Bioscience (CSE: LXX) (OTCQX: LXRP), a global innovator in drug delivery platforms, today announced its development of additional enhancements for its industry-leading DehydraTECH(TM) platform that delivers THC onset of action in less than 10 minutes in human pilot testing. According to the update, volunteers in recent human subjective pilot tests reported onset in less than 10 minutes from edibles formulated with this latest DehydraTECH innovation. This enhanced version of the delivery platform shows onset that is roughly twice as fast as traditional DehydraTECH and four to six times faster than generic industry formulations. To view the full press release,…

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TuesdayNov 19, 2019 10:29 am

CannabisNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Significantly Expands Canadian Distribution Footprint

The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF), a leading producer of premium certified organic cannabis, today announced its receipt of orders from Alberta, Manitoba and Nova Scotia to be shipped this month, significantly expanding its Canadian distribution footprint. In addition, the company announced plans to launch two new strains in Ontario, as well as the world's first organic cannabis certification program for budtenders. "As we continue scaling up our operations, we are now in a position to start distributing our premium certified organic cannabis products to additional provinces as well as launching new strains," TGOD Vice President of…

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MondayNov 18, 2019 1:31 pm

CannabisNewsBreaks – Supreme Cannabis Company Inc.’s (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Blissco Launches New, Full-Spectrum CBD Oil, Pūr Dew

Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) today announced that its wholly-owned subsidiary, Blissco, has launched a new full-spectrum CBD oil, Pūr Dew. With the Pūr Dew CBD oil launch, Supreme Cannabis diversifies its product offerings, which currently include dry flower from 7ACRES and high-THC cannabis oil from KKE. "We are excited to expand our product offering to include CBD, arguably one of the fastest growing product segments on the market. As Blissco's first CBD oil, Pūr Dew offers consumers full-spectrum CBD and USDA certified organic MCT coconut oil," Supreme Cannabis CEO Navdeep Dhaliwal said in the news…

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FridayNov 15, 2019 12:06 pm

CannabisNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Releases Q3 2019 Results

The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF), a leading producer of premium certified organic cannabis, on Thursday released its financial and operational results for the three and nine months ended September 30, 2019. The company’s filings are available for review via its SEDAR profile at www.sedar.com. “Q3 marked TGOD's entry into the recreational cannabis market with a small pilot in Ontario. We were thrilled to witness such positive feedback on product quality and packaging from retailers and consumers across the province.  Based on the initial response, demand for high-quality flower is strong and TGOD is well positioned to…

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FridayNov 15, 2019 10:04 am

CannabisNewsBreaks – Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Announces Q1 2020 Results, $90 Million Credit Facility led by Bank of Montreal

Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) on Thursday announced the release of its financial and operating results for the first quarter ended September 30, 2019. In addition, the company announced its entry into a credit agreement with Bank of Montreal ("BMO") as Lead Arranger and Agent on behalf of a group of lenders for $90 million of senior secured credit facilities consisting of a term loan of $70 million and a revolving credit facility of $20 million. “In the first quarter of fiscal 2020, we operated through challenging market conditions while integrating new businesses and product planning…

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FridayNov 15, 2019 9:57 am

CannabisNewsBreaks – VIVO Cannabis Inc. (TSX.V: VIVO) (OTCQX: VVCIF) Releases Q3 2019 Financial and Operating Results

VIVO Cannabis Inc. (TSX.V: VIVO) (OTCQX: VVCIF), an Ontario-based cannabis company recognized for its premium products and services, on Thursday released its third quarter 2019 financial and operating results. According to the update, VIVO's net revenue increased to $6.3 million during Q3 2019, which represents a 19% increase relative to the same period last year. The increase reflects the ramp-up of the company's licensed capacity, which is expected to generate further revenue growth in Q4 2019. “Our focus for the first half of the year was to satisfy the needs of the evolving adult-use market, provide consistent supply of quality…

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