Breaks Categories: News

MondayJun 10, 2019 10:35 am

CannabisNewsBreaks – Chemistree Technology Inc. (CSE: CHM) (OTCQB: CHMJF) Partner ACS to File NJ Application Under New DOH Program

Chemistree Technology (CSE: CHM) (OTCQB: CHMJF) this morning announced that its partner, Applied Cannabis Sciences of New Jersey ("ACS"), is preparing an application under the Department of Health’s new Request for Applications (“RFA”) program. According to the update, the Department will seek up to 24 cultivation, 30 manufacturing and 54 dispensary endorsements. ACS will apply for all three permit types, as allowable, creating a vertically integrated business model. “When we entered discussions to participate with ACS, we were particularly impressed by the team of industry experts they had assembled, and their deep local knowledge of the dynamic, developing New Jersey…

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MondayJun 10, 2019 10:24 am

CannabisNewsBreaks – Wildflower Brands Inc. (CSE: SUN) (OTCQB: WLDFF) Expanding Production to Meet Increasing Demand

Wildflower Brands (CSE: SUN) (OTCQB: WLDFF) this morning announced that new production facilities are in the process of being built in an effort to meet increasing demand. Wildflower products are available across the U.S. in over 300 stores nationwide, and have recently been picked up by several national retail chains. Per the update, Wildflower has added a second shift at its existing production facility, but capacity is at 90% and the new facility is critical to the company’s growth strategy. “We are excited to get our new production facility up and running in order to meet the demand,” Wildflower CEO…

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MondayJun 10, 2019 9:35 am

CannabisNewsBreaks – Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) to Open Over 70 Prime Locations at Brookfield Properties’ Shopping Centers

Lifestyle-oriented cannabis company Green Growth Brands (CSE: GGB) (OTCQB: GGBXF) today announced an arrangement to open over 70 prime shop locations with potential for more at Brookfield Properties' shopping centers throughout the United States. According to the update, the plans will further expand the company’s physical footprint to approximately 280 total locations by the end of 2019. “Brookfield Properties operates some of the most exciting and visited malls in the country, and we are thrilled to introduce our CBD shops to their centers,” Green Growth Brands CEO Peter Horvath said in the news release. “We know that consumers prefer to…

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FridayJun 07, 2019 11:56 am

CannabisNewsBreaks – Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Enters Strategic Partnership with PAX Labs

Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) this morning announced its entry into an agreement with Pax Labs, Inc. Under the agreement, Supreme Cannabis will become a foundational brand partner and supplier for the PAX Era in Canada, pending federal legalization of the vaporizable products. "Supreme Cannabis is excited to be partnering with PAX to provide consumers with the ultimate vaporizing experience. Together, we expect to deliver 7ACRES' multi-award winning flower extracted into oils exclusively for use in North America's best-selling premium vaporizer, the PAX Era," Supreme Cannabis CEO Navdeep Dhaliwal stated in the news release. "7ACRES has…

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FridayJun 07, 2019 11:12 am

CannabisNewsBreaks – Organigram Holdings Inc. (TSX.V: OGI) (NASDAQ: OGI) Selected as a Canadian Launch Partner of PAX Era

Organigram Holdings (TSX.V: OGI) (NASDAQ: OGI), a leading licensed producer of cannabis and extract-based products, today announced that it was selected as one of the four Canadian launch partners of PAX Era, the premium oil vaporizer created by PAX Labs, Inc. PAX Labs is a leading consumer technology brand in the design and development of premium vaporizers for dry flower, as well as concentrates when they become legal in Canada later this year. “Cannabis 2.0 – the next generation of legal, adult use cannabis products – represents a world of opportunity,” Organigram CEO Greg Engel said in the news release.…

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FridayJun 07, 2019 11:02 am

CannabisNewsBreaks – TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) Closes $10M Brokered Private Placement

TransCanna Holdings (CSE: TCAN) (FSE: TH8) today announced the close of its brokered private placement of 2,000,350 units which were sold at a price of CAD$5.00 each, resulting in total gross proceeds of CAD$10,001,750. Each unit sold comprised of one common share and one half of one common share purchase warrant. Warrant holders are entitled to acquire an additional share at a price of $6.00 for each full warrant until June 7, 2022. TransCanna paid a commission of 7% of the total gross proceeds through a payment of $700,122.50 in cash as well as a corporate finance fee of $150,000,…

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ThursdayJun 06, 2019 10:22 am

CannabisNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) Begins Trading on OTCQX Best Market; Acquires Option to Purchase California Based Cannabis Oil Manufacturer

Plus Products (CSE: PLUS) (OTCQX: PLPRF), a leading cannabis branded products company in the U.S., this morning announced that it has qualified to trade on the OTCQX Best Market and will begin trading today, June 6, 2019, under the symbol “PLPRF.” The company’s shares will continue to trade under the symbol “PLUS” on the Canadian Securities Exchange. “Plus Products joins more than 175 companies that cross-trade their shares in Canada and in the U.S. on the OTCQX Market,” said Jason Paltrowitz, EVP of Corporate Services at OTC Markets Group. “Upgrading to OTCQX from the OTCQB Venture Market enables companies to…

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ThursdayJun 06, 2019 9:37 am

CannabisNewsBreaks – VIVO Cannabis Inc. (TSX.V: VIVO) (OTCQX: VVCIF) Reports 2019 AGM Results

VIVO Cannabis (TSX.V: VIVO) (OTCQX: VVCIF) on Wednesday announced the results of its annual general and special meeting of shareholders held on June 4, 2019. According to the update, VIVO Cannabis shareholders approved a number of resolutions at the meeting, including: the re-appointment of MNP LLP as the company’s auditor for the 2019 fiscal year; fixing the number of company directors at six; the election of directors; and ratification of the company's 2017 Stock Option Plan. A total of 122,552,741 of the 294,800,314 company common shares outstanding as at the record date were voted at the meeting, representing 41.6 percent…

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TuesdayJun 04, 2019 11:55 am

CannabisNewsBreaks – Sproutly Canada Inc. (CSE: SPR) (OTCQB: SRUTF) (FRA: 38G) Chief Science Officer Featured in Investorideas.com Interview

Sproutly Canada (CSE: SPR) (OTCQB: SRUTF) (FRA: 38G) this morning announced that its Chief Science Officer Dr. Arup Sen was featured in an interview in a special edition of Investorideas.com potcasts. Investorideas.com is a global news source covering leading sectors including cannabis. In the interview, Dr. Sen discusses Sproutly's recent developments and the company’s approach in the Canadian cannabis beverages market expected to open up this fall. “We will be pretty much standing alone in the field of making beverages that will include natural chemicals in their natural state from cannabis and hemp plants,” Sproutly CSO Dr. Arup Sen said…

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TuesdayJun 04, 2019 11:01 am

CannabisNewsBreaks – Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) Expands MSO Presence Through Agreement to Acquire Spring Oaks

Lifestyle-oriented cannabis company Green Growth Brands (CSE: GGB) (OTCQB: GGBXF) today announced that it has entered an arm's length definitive agreement to acquire all of the issued and outstanding shares of capital stock of Spring Oaks Greenhouses, Inc. Per the update, Spring Oaks holds a medical marijuana dispensary license, received in April 2019, and authorization to operate as a Medical Marijuana Treatment Center in the state of Florida. Under the license, Spring Oaks is authorized to initiate production, processing and dispensing of medical marijuana and marijuana products. In addition, the medical marijuana dispensary license grants the right, but not the…

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