Breaks Categories: News

TuesdayJul 30, 2019 9:41 am

CannabisNewsBreaks – Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) Posts Updated Terms to Spring Oaks Acquisition

Green Growth Brands (CSE: GGB) (OTCQB: GGBXF), a lifestyle-oriented cannabis company, on Monday announced an amendment to the share purchase agreement dated June 3, 2019 with Spring Oaks Greenhouses, Inc. Per the amended agreement, GGBXF will acquire all of the issued and outstanding shares of capital stock of Spring Oaks. According to the amendment, the purchase price of $54,650,000 will be comprised of a previously paid deposit of $1,350,000; a cash payment of $2,000,000 at closing, subject to certain adjustments acknowledged in the agreement; a cash payment of $3,000,000 due on August 31, 2019; the issuance of 7,133,297 common shares…

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MondayJul 29, 2019 9:59 am

CannabisNewsBreaks – Geyser Brands Inc. (TSX.V: GYSR) Releases Post-RTO Financial Results for the 8-months ended March 31, 2019

Geyser Brands (TSX.V: GYSR) this morning announced its post-RTO audited financial statements ("Annual Financial Statement") for the 8-months ended March 31, 2019, as well as accompanying management discussion and analysis. According to the update, the Annual Financial Statement represents Geyser’s transitional fiscal year following its RTO and change in the fiscal year end, which is further described in the Notice of Change in Corporate Structure filed on the company's SEDAR profile. “We are pleased with our progress in the first 8 months since completing the RTO.  Our subsidiary, 0957203 B.C. Ltd. dba Apothecary Botanicals, through its strong management, has been…

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FridayJul 26, 2019 9:42 am

CannabisNewsBreaks – Organigram Holdings Inc. (TSX.V: OGI) (NASDAQ: OGI) Gains Access to 60,000kg of CBD-rich Hemp through New Advance Purchase Agreement

Organigram Holdings (TSX.V: OGI) (NASDAQ: OGI), parent company of Organigram Inc., a leading licensed producer of cannabis, this morning announced that it has entered into an advance payment and purchase agreement with 703454 N.B. Inc. (carrying on business as 1812 Hemp). In accordance with the agreement, OGI will pre-fund hemp purchases to receive access to as much as 60,000 kilograms of dried hemp flower to be harvested during 2019 for extraction into cannabidiol (“CBD”) isolate. In January, the company entered into a purchase agreement with 1812 Hemp which granted OGI the first a right of first refusal on 1812 Hemp’s…

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ThursdayJul 25, 2019 10:44 am

CannabisNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) Launches California-Wide Advertising Campaign

Plus Products (CSE: PLUS) (OTCQX: PLPRF), a leading cannabis branded products company in the U.S., this morning announced that it has launched its first California-wide marketing campaign with billboards and other out-of-home media secured in highly trafficked areas across San Francisco, Los Angeles and San Diego. The placements emphasize each of the moods - Balance, Uplift and Unwind – that are highlighted by the company’s new easy-to-use cannabis system that focuses on the science behind different THC and CBD combinations. Jill Greenberg, an artist well-known for her work with celebrities and large CPG and media brands, captured photography for the…

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ThursdayJul 25, 2019 10:34 am

CannabisNewsBreaks – Sproutly Canada Inc. (CSE: SPR) (OTCQB: SRUTF) (FRA: 38G) Announces THR Subsidiary Cannabis Cultivation Results that Outperform Design Capacity by 50%

Sproutly Canada (CSE: SPR) (OTCQB: SRUTF) (FRA: 38G) this morning announced recent cannabis production results at its wholly owned subsidiary Toronto Herbal Remedies Inc. (“THR”). According to the update, the total cultivation output of dry cannabis flower for the three-month period ended June 30, 2019, is 298kg compared to design capacity of 199kg. This represents overperformance of 49.9 percent versus design capacity. “The company has successfully achieved greater than expected results for the harvests from April to June 2019,” Sproutly Canada CEO Keith Dolo stated in the news release. “On a total of nine harvests, the average dry flower yield…

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ThursdayJul 25, 2019 9:41 am

CannabisNewsBreaks – Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Expands Executive Team; Appoints New Chief Information Officer and VP of Talent

Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) on Wednesday announced the appointment of its new Chief Information Officer ("CIO") Ash Rajendra, who will focus on ensuring the company is well prepared to execute on its next phase of growth. In addition, Supreme Cannabis announced that Valerie Rother has joined the company and will serve as its new VP, Talent, to steward its human capital and talent development program. “We are excited to welcome Mr. Rajendra and Ms. Rother to the Supreme Cannabis team. Both bring a wealth of experience and knowledge to drive the company's next phase of…

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WednesdayJul 24, 2019 10:39 am

CannabisNewsBreaks – MustGrow Biologics Corp (CSE: MGRO) Announces R&D Program to Build on Study Results, Future Testing of Second Generation Liquid Technology for Tobacco Agriculture

MustGrow Biologics (CSE: MGRO), an agricultural biotech company developing and commercializing a portfolio of natural biopesticides and biofertilizers, this morning announced that it will present its previous research findings in collaboration with Virginia Tech’s Southern Piedmont Agricultural Research and Extension Center in Blackstone, Virginia. According to the update, a program is underway to build on MustGrow’s encouraging scientific achievements, as well as advance corporate collaboration discussions with tobacco industry leaders. MustGrow’s recent appointment of Altria Group veteran Brian Quigley to its board of directors illustrates the company’s belief in this opportunity. To view the full press release, visit http://cnw.fm/b3EIp About…

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WednesdayJul 24, 2019 10:05 am

CannabisNewsBreaks – Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) Enters Global Manufacturing & Licensing Partnership with Hill Street Beverage Co. (TSX.V: BEER)

Biotechnology company and drug delivery platform innovator Lexaria Bioscience (CSE: LXX) (OTCQX: LXRP) today announced a multi-faceted expansion of its relationship with Hill Street Beverage Company Inc. (TSX.V: BEER). According to the update, the companies have entered into a 10-year Joint Manufacturing Partnership (“JMP”) to produce DehydraTECH(TM) commercial products under a new brand, which will be announced. The JMP will produce processed THC cannabis and/or CBD hemp powder for new consumer products under categories including, among others, tablets, capsules, or packets for sale in Canada and for export where permitted. Similar powders as a bulk ingredient for manufacturing processes will…

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WednesdayJul 24, 2019 9:28 am

CannabisNewsBreaks – IONIC Brands Corp. (CSE: IONC) (OTC: IONKF) (FRA: IB3) Finalizes Acquisition of Zoots Premium Cannabis Infused Edibles

IONIC Brands (CSE: IONC) (OTC: IONKF) (FRA: IB3) this morning announced the successful completion of its acquisition of Washington-based Natural Extractions, Inc. d/b/a Zoots Premium Cannabis Infused Edibles. The total consideration for the purchase of Zoots is approximately US $11 million, comprised of US $855,000 cash and issuance of 9,635,150 common shares at C$1.30 per share to the vendors of Zoots, and the assumption of US $606,420 in outstanding debt. Additionally, the vendors have agreed to a lock-up agreement whereby up to 70% of the consideration shares are released over nine months. IONIC will also issue to the shareholders of…

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MondayJul 22, 2019 10:31 am

CannabisNewsBreaks – Chemistree Technology Inc. (CSE: CHM) (OTCQB: CHMJF) Completes Investment in Applied Cannabis Sciences of New Jersey

Chemistree Technology Inc. (CSE: CHM) (OTCQB: CHMJF) this morning announced that, through a wholly owned U.S. subsidiary, it has finalized its investment into Applied Cannabis Sciences of New Jersey ("ACS"). The investment was previously announced in an April 15, 2019, press release as a letter of intent. According to the update, ACS will submit its application in the upcoming New Jersey round of Request for Applications (“RFA”), through which the state will issue 24 new permits comprising of 15 dispensary permits, 5 cultivation permits and 4 vertically integrated permits. "Completing this investment with ACS and being on the ground floor…

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