Breaks Categories: News

ThursdayMay 16, 2019 11:30 am

CannabisNewsBreaks – Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Enters Agreement to Acquire Blissco Cannabis Corp. (CSE: BLIS) (OTCQB: HSTRF) (FRA: GQ4B)

Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) this morning announced its entry into a definitive arrangement agreement with Blissco Cannabis Corp. (CSE: BLIS) (OTCQB: HSTRF) (FRA: GQ4B). Under the agreement, Supreme Cannabis will acquire all of the issued and outstanding common shares of Blissco, not already owned by Supreme Cannabis, by way of a court-approved plan of arrangement under the Business Corporations Act (British Columbia). The arrangement is an all-stock transaction with a total value of approximately C$48 million. “Blissco has built a distinct and authentic premium wellness brand. Through our strategic partnership and prior investment in the…

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ThursdayMay 16, 2019 10:16 am

CannabisNewsBreaks – TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) Enters LOI to Acquire SolDaze Cannabis Snack Line

TransCanna Holdings (CSE: TCAN) (FSE: TH8) this morning announced its entry into a non-binding Letter of Intent (“LOI”), dated May 15, 2019, with Tres Ojos Naturals, LLC d/b/a SolDaze, a limited liability company from Santa Cruz, California that produces cannabis-infused fruit snacks. Under the agreement, TransCanna will acquire the branding asset package, SolDaze. “Having reviewed over 100 branded products in California, we’ve been extremely selective in our acquisition vetting process,” TransCanna CEO Jim Pakulis said in the news release. “Our three mandatory acquisition criteria include SKU velocity, upward trending revenues, and products that differentiate themselves in the marketplace.  The snack…

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WednesdayMay 15, 2019 11:37 am

CannabisNewsBreaks – Canopy Rivers Inc. (TSX.V: RIV) (OTC: CNPOF) Makes Strategic and First AgTech Investment in BioLumic

Canopy Rivers (TSX.V: RIV) (OTC: CNPOF) today announced a strategic investment in BioLumic Ltd., creators of a sustainable ultraviolet (“UV”) crop yield enhancement system. Canopy Rivers' investment of $1.5 million marked its first investment in agri-technologies, specifically focused on the promising fields of plant physiology and UV photobiology. “Canopy Rivers' mission is to build and support a thriving global cannabis economy, and we are dedicated to identifying and investing in strategic technology players throughout the legal cannabis value chain,” Canopy Rivers Director, Business Development Mary Dimou said in the news release. “Led by an exceptional management team, BioLumic's groundbreaking, proprietary…

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WednesdayMay 15, 2019 11:25 am

CannabisNewsBreaks – Lexaria Bioscience Corp.’s (CSE: LXX) (OTCQX: LXRP) DehydraTECH Outperforms Conventional Industry Formulations in Animal Testing

Biotechnology company and drug delivery platform innovator Lexaria Bioscience (CSE: LXX) (OTCQX: LXRP) this morning announced that animal testing has proven that its DehydraTECH(TM) technology delivers cannabinoids to the bloodstream much more quickly and effectively than conventional industry formulations. According to the update, 10 male Sprague-Dawley rats were administered CBD at 25mg per kg of bodyweight in each arm of the Lexaria animal studies. Delivery of CBD into the bloodstream was monitored over a 60-minute duration and, at two minutes, 15 minutes, and 60 minutes, DehydraTECH's LCFA formulation delivered elevated levels of CBD in blood (showing measurable and 475% and…

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WednesdayMay 15, 2019 10:23 am

CannabisNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Releases Q1 Fiscal 2019 Financial and Operational Results

Cannabis-focused research and development company The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF) on Tuesday released its financial and operational results for the three months ended March 31, 2019. Among the highlights, the company is on-track with construction at Hamilton and Valleyfield sites, with Q1 investment totaling $46.9 million, an increase of $7.4 million compared to Q4 2018. In addition, TGOD achieved revenues of $2.4 million, primarily from HemPoland, reflecting a 28 percent increase over the prior quarter. “Q1 results are continued proof that we are delivering on our business plan with executional excellence,” TGOD CEO Brian Athaide commented…

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WednesdayMay 15, 2019 9:57 am

CannabisNewsBreaks – Wildflower Brands Inc. (CSE: SUN) (OTCQB: WLDFF) Products Featured at CBD-Themed Baby Shower for Kim Kardashian

Wildflower Brands Inc. (CSE: SUN) (OTCQB: WLDFF) today announced that a variety of its CBD+ wellness products were featured at Kim Kardashian’s CBD-themed baby shower. According to the update, Kim Kardashian, awaiting the imminent arrival of her fourth child, threw the CBD-themed shower to enjoy some relaxation with her closest friends and family. HelloMD curated the CBD-based experience, which included a selection of Wildflower products such as Wildflower CBD+ Pure tincture infused teas and beverages, Wildflower’s CBD+ Aches blend Vaporizer and guest gifts that included Wildflower’s CBD+ Mist Starter Kit, featuring lavender and vanilla CBD soaps, CBD capsules, Cool Stick…

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TuesdayMay 14, 2019 10:17 am

CannabisNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Receives Health Canada Approval to Expand Cultivation Operations into New Hamilton Building

Cannabis-focused research and development company The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF) this morning announced its receipt of Health Canada approval, under the Cannabis Regulations, to expand operations into its new state-of-the-art building located in Hamilton, Ontario. According to the update, planting will start in the coming weeks at the 20,000 square foot indoor facility that will be used for cannabis cultivation. “This is yet another important milestone for our team as we continue to ramp up production with a focus on executional excellence,” Brian Athaide, CEO of TGOD said in the news release. “We have pioneered the…

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TuesdayMay 14, 2019 9:33 am

CannabisNewsBreaks – Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Announces Release of Q3 2019 Financial Results

Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) on Monday announced the release of its financial and operating results for the three and nine months ended March 31, 2019. “Our company is pleased with the results of our third quarter financials and with the progress made thus far on our strategic priorities for the 2019 calendar year. This quarter saw a marked increase in revenue on both an annual and quarter-over-quarter basis. This revenue growth was driven by an increase in our capacity at the 7ACRES facility, a ramping up of our product packaging capabilities and, we believe, consumer…

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MondayMay 13, 2019 12:01 pm

CannabisNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQB: PLPRF) to Present at Third Annual Canaccord Genuity Cannabis Conference

Leading California edibles manufacturer Plus Products Inc. (CSE: PLUS) (OTCQB: PLPRF) today announced that its co-founder and CEO, Jake Heimark, will present and meet with investors at the Third Annual Canaccord Genuity Cannabis Conference on May 14, 2019. The conference will be held in New York City at the Grand Hyatt. Heimark’s presentation will begin at approximately 1:20 pm Eastern Time, and will be webcast live as well as being available for 90 days at http://cnw.fm/t5J5a. To view the full press release, visit http://cnw.fm/5lVMI About Plus Products Inc. PLUS Products creates safe and delicious cannabis food products. PLUS’s mission is…

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MondayMay 13, 2019 11:46 am

CannabisNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Enters German CBD Market through Mediakos Distribution Agreement

Cannabis-focused research and development company The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) this morning announced that its wholly owned subsidiary, HemPoland, has entered into an agreement with Mediakos UG haftungsbeschraenkt. Under the agreement, HemPoland will be the exclusive distributor of Mediakos’ premium hemp CBD brand, CannabiGold, for the German pharmacy market. "With a population of over 82 million, Germany plays a pivotal role in TGOD's international expansion strategy," Brian Athaide, CEO of TGOD, stated in the release. "We are thrilled to be working with Mediakos' experienced team as we continue to solidify CannabiGold's position as a leading…

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