Breaks Categories: News

MondayJul 22, 2019 9:40 am

CannabisNewsBreaks – Canopy Rivers Inc. (TSX.V: RIV) (OTC: CNPOF) Announces PharmHouse JV’s Receipt of Health Canada Cultivation License

Canopy Rivers Inc. (TSX.V: RIV) (OTC: CNPOF) this morning announced that PharmHouse Inc., its 49 percent-owned joint venture, has received a cultivation license from Health Canada. According to the update, PharmHouse will immediately commence operations in 190,000 sq. ft of licensed nursery infrastructure. In addition, the company plans to ramp up its entire 1.3 million sq. ft of ultramodern greenhouse space before the end of 2019 to deliver low-cost and high-quality cannabis and cannabis derivative products, both domestically and internationally, for Canopy Rivers’ ecosystem of partners. "This is a significant corporate milestone for Canopy Rivers. We believe the PharmHouse platform…

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ThursdayJul 18, 2019 10:00 am

CannabisNewsBreaks – Choom Holdings Inc. (CSE: CHOO) (OTCQB: CHOOF) Announces Opening of Branded Cannabis Retail Store in Lloydminster, Alberta

British Columbia-based fully-integrated cannabis company Choom Holdings (CSE: CHOO) (OTCQB: CHOOF) today announced that an Alberta provincially approved cannabis retail licensee is opening a cannabis retail store in Lloydminster, Alberta. According to the update, the new store will operate under the Choom brand and is scheduled to open on Saturday, July 20, 2019. “We've been anticipating the opening of this store in Lloydminster for quite some time and we're really excited to finally be able to share our unique retail experience with the local community,” Choom President and CEO Chris Bogart said in the news release. To view the full…

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WednesdayJul 17, 2019 11:47 am

CannabisNewsBreaks – Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) to Acquire Truverra in Preparation for Legalization 2.0 and Global Wellness Markets

Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) today announced its entry into a definitive agreement under which it will acquire all of the issued and outstanding shares of privately-held Truverra Inc. Per the update, the acquisition will be effected by way of a three-cornered amalgamation between Truverra, Supreme Cannabis and a wholly-owned subsidiary of Supreme Cannabis. The transaction is valued at 14.7 million common shares of Supreme Cannabis, with an approximate dollar value of $20,000,000 as of the company's closing price on July 16, 2019. “The recent introduction of Health Canada's amended cannabis regulations creates a distinct opportunity…

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WednesdayJul 17, 2019 11:01 am

CannabisNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) Launches New Look for Cannabis Infused Edibles Line

Plus Products (CSE: PLUS) (OTCQX: PLPRF), a leading cannabis branded products company in the U.S., this morning announced a new look for its line of low dose cannabis infused edibles. According to the update, market structure research from Henry J. Rak Associates guided the rebrand that was designed by Partners & Spade, an agency that has worked alongside brands including Peloton and Warby Parker. The new packaging and product system, which focuses on the science behind unique combinations of THC and CBD, intends to create the right mix of cannabinoids paired with a targeted flavor profile to provide consumers with…

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WednesdayJul 17, 2019 10:52 am

CannabisNewsBreaks – MustGrow Biologics Corp (CSE: MGRO) Appoints Senior Executive with Extensive Regulatory Prowess to Board of Directors

MustGrow Biologics (CSE: MGRO), an agricultural biotech company, this morning announced the appointment of Brian Quigley to its board of directors, subject to applicable regulatory approval. Quigley, a proven leader in navigating complex regulatory environments for novel and innovative products, brings to MustGrow a competitive strategic advantage with over 20 years of regulatory expertise, brand building, marketing and operations experience. Brian most recently spent 16 years at Altria Group, with seven of those as president and CEO for U.S. Smokeless Tobacco and Nu-Mark, Altria’s innovation company. “Brian brings extensive regulatory prowess, brand building and product innovation experience to MustGrow,” MGRO…

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WednesdayJul 17, 2019 10:20 am

CannabisNewsBreaks – Choom Holdings Inc. (CSE: CHOO) (OTCQB: CHOOF) Acquires Interest in Coastal Green Holdings; Extends Warrant Expiry Date

Choom Holdings (CSE: CHOO) (OTCQB: CHOOF), a fully integrated cannabis company, this morning announced that, upon conversion of the convertible debenture issued to Choom by Coastal Green Holdings Ltd., it will acquire a 19.9% equity interest in the British Columbia-based cannabis retailer. Choom's interest contains a variety of rights, including the right to acquire 100% of Coastal Green in certain circumstances and subject to regulatory restrictions. Coastal Green has applied to become an approved retailer through the British Columbia Liquor and Cannabis Regulation Branch (“LCRB”) with the intention of opening eight retail stores that would be mainly located on the…

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TuesdayJul 16, 2019 10:26 am

CannabisNewsBreaks – Sproutly Canada Inc. (CSE: SPR) (OTCQB: SRUTF) (FRA: 38G) to Launch Premium BioNatural Oil Products Under CALIBER Brand

Sproutly Canada (CSE: SPR) (OTCQB: SRUTF) (FRA: 38G) this morning announced its plans to launch premium cannabis oil products under its CALIBER brand that utilize its unique and differentiated BioNatural Oil (“BNO”), which is produced by Sproutly’s proprietary Aqueous Phytorecovery Process (“APP”). Per the update, Sproutly initially intends to expand the CALIBER brand of products into oil capsules that deliver 5mg of full spectrum THC cannabis, giving consumers full control to dose in 5mg increments. “CALIBER has been carefully curated with the cannabis connoisseur in mind. The unique benefits of BioNatural Oil, combined with high quality flower grow and genetics,…

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TuesdayJul 16, 2019 9:36 am

CannabisNewsBreaks – Canopy Rivers Inc. (TSX.V: RIV) (OTC: CNPOF) Releases Q4, Fiscal Year 2019 Financial Highlights; Provides Corporate Update

Canopy Rivers (TSX.V: RIV) (OTC: CNPOF) this morning released its financial results for the three and twelve months ended March 31, 2019. Audited consolidated financial statements for Canopy Rivers for the twelve months ended March 31, 2019, as well as its full Management's Discussion and Analysis (the "MD&A") for the three and twelve months ended March 31, 2019, are available under the company's SEDAR profile and on the company's website. “It was a year full of milestones and significant achievements for Canopy Rivers. Anchored by our go public transaction and listing on the TSX Venture Exchange, eight new investments, and…

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MondayJul 15, 2019 9:58 am

CannabisNewsBreaks – MustGrow Biologics Corp (CSE: MGRO) Enters Exclusive Technology Agreement with Triangle Plant Sciences

MustGrow Biologics Corp. (CSE: MGRO), an agricultural biotech company, has entered into a partnership with Triangle Plant Sciences (“TPS”), a division of Verdesian Life Sciences of Cary, North Carolina. Under the agreement, MustGrow will have exclusive Canadian and global access to TP-1000, TPS’s first product in a suite of researched hydroponic technology offerings. Through the partnership, TP-1000 will be made commercially available exclusively through MustGrow in Canada, and MustGrow will also distribute in key registered global markets. “We are thrilled to enter into a partnership with Triangle Plant Sciences,” MustGrow COO Colin Bletsky said in the news release. “The vision…

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MondayJul 15, 2019 9:46 am

CannabisNewsBreaks – Organigram Holdings Inc. (TSX.V: OGI) (NASDAQ: OGI) Reports Q3 Fiscal 2019 Results, Hosts Earnings Call

Organigram Holdings Inc. (TSX.V: OGI) (NASDAQ: OGI), parent company of Organigram Inc., a leading licensed producer of cannabis, today announced its financial results for its fiscal third quarter ended May 31, 2019. “We continued to report strong sales in our third quarter and now have distribution in all ten provinces,” Organigram CEO Greg Engel said in the news release. “In our fiscal year to date, we have generated strong operating and financial results, placing us among the leaders in the Canadian industry. While we saw a temporary reduction in yield per plant in Q3 due to temporary changes in growing…

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