FridayApr 09, 2021 1:17 pm

CannabisNewsBreaks – Pac Roots Cannabis Corp. (CSE: PACR) (OTCQB: PACRF) (FSE: 4XM) Targets Investments that Complement, Further Business Goals

Pac Roots (CSE: PACR) (OTCQB: PACRF) (FSE: 4XM), an innovative genetics-based cannabis company located in Canada, recently acquired a large tract of land (250 acres) in one of Canada’s most productive and intensively farmed areas. “The company is also in the process of completing its 20,000-square-foot cultivation facility in Lake County, B.C., that will allow it to cycle through an elite line of high-grade cultivars across roughly 7,600 square feet of cultivation space,” reads an article discussing Pac Roots’ recent moves. The land and cultivation facility are part of a growing list of investments, given that the company recently completed…

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FridayApr 09, 2021 10:56 am

CannabisNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) Releases Limited-Edition Hash-Based Gummies, Announces Virtual Launch Event

Plus Products (CSE: PLUS) (OTCQX: PLPRF), a cannabis and hemp-branded products company in the United States, has unveiled a new product line: PLUS Hash Gummies. The new product is available for a limited time and was released in partnership with Biscotti Brands, a premium hash brand. The orange-blossom-flavored new gummies are infused with cold water hash extracted from the miracle alien cookies (“MAC”) flower, a hybrid strain of hash recognized for its relaxing and uplifting impact. Each PLUS Hash gummy contains 10mg of THC. The gummies will be available at a limited number of California dispensaries and will be available online.…

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ThursdayApr 08, 2021 1:25 pm

CannabisNewsBreaks – Golden Leaf Holdings Ltd. (CSE: GLH) (OTCQB: GLDFF) Closes on Majority Ownership of Plant-Based CBD Skincare Brand

Golden Leaf Holdings (CSE: GLH) (OTCQB: GLDFF), a premier, consumer-driven cannabis company specializing in retail, production, processing, wholesale, and distribution, has closed on the purchase of its majority ownership in Fifth & Root Inc., a California-based, nationally recognized CBD skin-care brand. Fifth & Root noted that it hopes the move will allow the company to provide innovative CBD products nationwide through the largest and best beauty retail partners in the country. The purchase agreement noted that GLDFF will pay total consideration of up to $1,687,500 for 80% ownership of Fifth & Root. The consideration will consist of $250,000 cash payment…

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ThursdayApr 08, 2021 10:11 am

CannabisNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) Releases Q4, FY 2020 Audited Financial Report

Plus Products (CSE: PLUS) (OTCQX: PLPRF), a cannabis and hemp-branded products company in the United States, has released audited financial and operational results for fourth-quarter and fiscal year periods ending Dec. 31, 2020. Financial highlights from the report include an increase in gross profits of 104% in 2020, totaling $5.6 million in 2020 compared to $2.8 million in 2019; cash balance of $11.6 million; an increase in net revenues of 15% from 2019, with 2020 totals reaching $15.9 million; and a 67% improvement in operating costs. The company also noted several key new product launches throughout the year, including the…

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ThursdayApr 08, 2021 10:00 am

CannabisNewsBreaks – Pure Extracts Technologies Corp. (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ) Announces Plans to Launch 1st US Initiative into Dynamic Michigan Market

Pure Extracts Technologies (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ), a plant-based extraction company focused on cannabis, hemp, functional mushrooms and the rapidly emerging psychedelic sector, today announced its entry into a letter of intent (“LOI”) with the affiliate of a publicly traded multistate operator (“MSO”) to form a joint venture (the “JV”) to install a cannabis and hemp extraction system in an existing Michigan facility. According to the update, the MSO has a long history of success in Oregon, offering a family of products that include sun-grown and indoor premium flower, along with patented nitro-sealed indoor and sun-grown pre-rolls and…

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WednesdayApr 07, 2021 12:56 pm

CannabisNewsBreaks – The Alkaline Water Company Inc. (NASDAQ: WTER) (CSE: WTER) Announces New Partnership in Continued C-Store Expansion

The Alkaline Water Company (NASDAQ: WTER) (CSE: WTER), the nation’s largest independent alkaline water company, has announced its latest partnership with CEFCO Convenience Stores, which will now offer Alkaline88’s single-serve products in more than 200 high-volume stores across six states. “Adding CEFCO as a customer is a big step in our continued convenience store expansion,” says Ricky Wright, president and CEO of The Alkaline Water Company. “Developing significant partnerships and adding key customers such as CEFCO will allow us to further grow our c-store footprint in addition to expanding distribution of our single-serve products. The continued C-store growth we are…

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WednesdayApr 07, 2021 10:43 am

CannabisNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) Announces Completion of Debentures Conversion

Plus Products (CSE: PLUS) (OTCQX: PLPRF), a cannabis and hemp-branded products company in the United States, has completed its previously announced debenture conversion. The debenture, which was due on Feb. 28, 2024, was comprised of certain 12% secured debentures. The announcement noted that the debentures were converted following the terms of the first supplemental indenture, which was dated Feb. 25, 2021, and made between Plus Products and the Odyssey Trust Company. Specifically, the debentures were converted into 5,252,631 subordinate voting shares, which were  issued at a conversion price of C$0.95 per share. An additional 20,005 debentures remain outstanding; those debentures,…

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TuesdayApr 06, 2021 11:35 am

CannabisNewsBreaks – Red White & Bloom Brands Inc. (CSE: RWB) (OTC: RWBYF) Announces Strategic Purchase to Expand Cultivation Capacity

Red White & Bloom Brands (CSE: RWB) (OTC: RWBYF) today reported plans to increase cultivation capacity upon closing of the previously announced definitive agreement to enter the Florida cannabis market. According to the update, RWB has secured 30 double-wide fully enclosed cultivation pods that collectively provide approximately 19,000 square feet of operating space, with 14,400 square feet of canopy. Each unit is specifically designed and outfitted for premium cannabis cultivation. Once online, the units will have production capacity in excess of 7,000 pounds of flower annually and thousands of pounds of trim, with an estimated annual value in excess of…

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ThursdayApr 01, 2021 9:40 am

CannabisNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) Partners with Eaze to Launch Cannabis Gummy

Plus Products (CSE: PLUS) (OTCQX: PLPRF), a cannabis and hemp-branded products company in the United States, has announced plans to work with Eaze Technologies (“Eaze”) to launch a co-branded, limited-edition cannabis gummy. Eaze is one of California’s largest delivery marketplaces for legal cannabis with more than 7 million completed deliveries. The partnership will leverage PLUS’s expertise in providing high-quality, consistent and great-tasting edibles to produce the first edible product for the Eaze Circles brand. The planned gummy will be a pink lemonade flavor and will contain 5mg of THC per gummy. According to the announcement, PLUS has been the top-selling edibles brand…

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WednesdayMar 31, 2021 9:59 am

CannabisNewsBreaks – Willow Biosciences Inc. (TSX: WLLW) (OTCQX: CANSF) Completes 1st Commercial Scale Fermentation Run of CBG

Willow Biosciences (TSX: WLLW) (OTCQX: CANSF) today announced its completion of the first commercial scale fermentation run of its first cannabinoid for market, cannabigerol ("CBG"). "We are very pleased with the yield and quality of our first commercial scale fermentation run of CBG," said Trevor Peters, Willow's president and chief executive officer. "I think it is important to take a moment to reflect on all that we have achieved in just under two years as a public company. In this time, we built a world class industrial R&D team, demonstrated proof of concept for production of cannabinoids through fermentation, attracted…

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