Breaks Categories: News

ThursdayOct 24, 2019 9:28 am

CannabisNewsBreaks – Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) Posts Q4 & Full Year Financial Results, Hosts Conference Call

Lifestyle-oriented cannabis company Green Growth Brands (CSE: GGB) (OTCQB: GGBXF) on Wednesday reported its results for the fourth quarter and full year ended June 30, 2019. Among other highlights, GGBXF reported total revenue for fiscal 2019 of $15.7 million, as well as a 29% quarter-over-quarter increase in revenue for the three-month period ended June 30, 2019. The company is hosting a conference call and audio webcast today, October 24th at 8:30 AM ET featuring GGBXF CEO Peter Horvath and CFO Brian Logan. To join the call, dial (+1) 416 764 8609 for the local Toronto line, (+1) 778 383 7417…

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WednesdayOct 23, 2019 10:21 am

CannabisNewsBreaks – HTC Extraction Systems (TSX.V: HTC) Closes Bought Deal Private Placement

HTC Extraction Systems (TSX.V: HTC) today announced the closing of its previously announced private placement financing of 25,000,000 units of the company, each at a price of $0.40. The offering resulted in gross proceeds of $10 million to the company, from which it intends to use net proceeds for the purchase of extraction, purification and refining equipment and general working capital purposes. Each unit consists of one common share in the capital of the company and one-half of one common share purchase warrant (each whole common share purchase warrant, a "warrant"). Each warrant will be exercisable to acquire one common…

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WednesdayOct 23, 2019 9:47 am

CannabisNewsBreaks – Canopy Rivers Inc. (TSX: RIV) (OTC: CNPOF) and Kindred Form Strategic Alliance to Unlock Industry’s Long-Term Potential

Canopy Rivers (TSX: RIV) (OTC: CNPOF), a venture capital firm specializing in cannabis, and Kindred Partners Inc., a specialty cannabis brokerage and services company, today announced a strategic alliance to provide mutual benefits to both parties, as well as to Canopy Rivers’ portfolio companies. Kindred is a wholly owned subsidiary of Breakthru Beverage Group and leverages deep experience of its sister company, Breakthru Beverage Canada, in working with Canadian provincial control boards, public and private regulated cannabis businesses, licensed producers and retailers to broker regulated cannabis products for the adult-use market. “As we head into cannabis 2.0 and the Canadian…

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MondayOct 21, 2019 10:14 am

CannabisNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) Bolsters Research Expertise with Appointment of Chief Scientific Officer Dr. Ari Mackler

Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF), a leading cannabis branded products company in the U.S., this morning announced the addition of Dr. Ari Mackler as its chief scientific officer. Per the update, Dr. Mackler brings 20 years of medical affairs, communications, and research experience in pharmaceutical, healthcare, and consumer goods industries. The position at PLUS will allow Dr. Mackler to pursue research relationships and clinical trials with private partners and academic institutions in an effort to expand consumer understanding of cannabis and the benefits it may provide. “Dr. Mackler has a long history of helping consumer product companies share…

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FridayOct 18, 2019 1:30 pm

CannabisNewsBreaks – Isracann Biosciences Inc. (CSE: IPOT) Begins Trading on the CSE

A technical420 editorial published on Thursday and written by Anthony Varrell highlights Isracann Biosciences’ (CSE: IPOT) new listing on the Canadian Securities Exchange (“CSE”). Isracann is an Israeli-based cannabis company focused on becoming a premier, low-cost cannabis producer. Per the article, the listing signifies a global opportunity and demonstrates that the company is one to watch for various reasons, including its status as Israel’s first pure play cannabis firm to list in Canada and its plans to execute on a 230,000 sq. ft. hybrid greenhouse that is fully funded. To view the full article, visit http://cnw.fm/XBgj8 About Isracann Biosciences Inc.…

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FridayOct 18, 2019 12:33 pm

CannabisNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Details New Strategic Plan to Cut Financing Requirements while Preserving Path to Profitability

The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF), a leading producer of premium certified organic cannabis, today announced its new strategic plan to reduce its financing requirements while maintaining its path to profitability. Per the update, the company intends to improve agility by reducing capital requirements, establishing a simple way to scale up production as more retail locations open and legal sales increase, and adapting to slower legal market conversion by deferring excess capacity and expenses. TGODF also maintains its objective to become EBITDA and operating cash flow positive by Q2 2020. “These actions are logical next steps in…

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ThursdayOct 17, 2019 10:50 am

CannabisNewsBreaks – HTC Extraction Systems (TSX.V: HTC) Announces Repricing of “Bought Deal” Brokered Private Placement

HTC Extraction Systems (TSX.V: HTC) today announced that it has repriced its "bought deal" brokered private placement initially announced on July 3, 2019 and amended on September 27, 2019. According to the update, the repricing of the private placement more accurately reflects the current market price of the company's common shares. Under the terms of the offering, Canaccord Genuity Corp. will act as sole bookrunner and lead underwriter, on behalf of a syndicate of underwriters, and purchase, on a "bought deal" private placement basis, 25,000,000 units of the company, each at a price of C$0.40, for aggregate gross proceeds of…

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ThursdayOct 17, 2019 9:34 am

CannabisNewsBreaks – MustGrow Biologics Corp. (CSE: MGRO) (OTC: MGROF) Finalizes Liquid Formulation of Mustard-Derived Bio-Pesticide

MustGrow Biologics (CSE: MGRO) (OTC: MGROF), an agricultural biotech company developing and commercializing a portfolio of natural, science-based bio-pesticides and bio-fertility products, this morning announced the finalization of its advanced liquid formulation. The new liquid formulation is an advancement of the company’s signature mustard-derived ‘granule format’ bio-pesticide product. In contrast to the granule format, the liquid formulation can be applied through standard drip or spray equipment and improves functionality and performance. Among other highlights, it has greater efficacy results per volume, a higher concentration of the active ingredient, and lower transportation costs. MustGrow’s liquid formulation work program was completed by…

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WednesdayOct 16, 2019 12:48 pm

CannabisNewsBreaks – Zenabis Global Inc. (TSX: ZENA) Posts Operational Update

Zenabis Global (TSX: ZENA) recently issued an update regarding its facility construction and licensing activities as well as the company’s cannabis production results. Among other highlights, the company reported a cultivation output of 1,996 kg of dried cannabis in August 2019, surpassing its revised forecast output of 1,579 kg by more than 26%. The company remains focused on advancing the construction underway at Zenabis Langley, which is anticipated to reach a total annual cultivation capacity of 143,200 kg upon completion of licensing. “August output was more than 60% greater than any prior month. Through to the end of October we…

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WednesdayOct 16, 2019 9:30 am

CannabisNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) to Present at the Benzinga Cannabis Capital Conference in Chicago

Plus Products (CSE: PLUS) (OTCQX: PLPRF), a leading cannabis branded products company in the U.S., this morning announced its plans to present at the Fifth Benzinga Cannabis Capital Conference. The event is slated to be held in Chicago from October 22-23, 2019. Plus Products will present to an audience of public and private companies and fellow institutional, family office and accredited investors looking for the right opportunities in a crowded and volatile market. To view the full press release, visit http://cnw.fm/S2otp About Plus Products Inc. Plus Products Inc. manufactures cannabis products in California. The company offers cannabis-infused edibles to the…

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