CannabisNewsBreaks

TuesdaySep 24, 2019 10:08 am

CannabisNewsBreaks – Chemistree Technology Inc. (CSE: CHM) (OTCQB: CHMJF) Posts Update on Washington State Assets

Chemistree Technology (CSE: CHM) (OTCQB: CHMJF) this morning posted a shareholder update regarding its Washington State assets. Per the update, the company received an encouraging report from the general manager of its Washington state licensee partner that detailed increases from April of 30% in sales, 36% in crop yield and 100% in retail client stores. Chemistree also announced that Sugarleaf requested extra cultivation facilities at the Sedro Wooley location, on the same turn-key basis as currently in place, so it can double its current capacity and meet the quickly growing demand for Sugarleaf branded products. “These numbers are surpassing my…

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FridaySep 20, 2019 1:55 pm

CannabisNewsBreaks – Geyser Brands Inc. (TSX.V: GYSR) Demonstrates Growth with Encouraging Financial Results

Geyser Brands (TSX.V: GYSR) recently reported notable financial results for the eight months ended March 31, 2019 (http://cnw.fm/4Wa6M). An article discussing the company reads, “‘We are pleased with our progress in the first eight months since completing the RTO. Our subsidiary, 0957203 B.C. Ltd. dba Apothecary Botanicals, through its strong management, has been successful in bringing its facility to GMP-compliant standards for manufacturing and processing and in obtaining Health Canada licensing for Cultivation and Standard Processing,’ Geyser CEO Andreas Thatcher said in a news release. . . . The financial report features a couple of important highlights that stand as evidence…

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FridaySep 20, 2019 9:18 am

CannabisNewsBreaks – TransCanna Holdings Inc. (CSE: TCAN) (FRA: TH8) Completes SolDaze Acquisition

TransCanna Holdings (CSE: TCAN) (FRA: TH8) on Thursday announced that it has closed the acquisition of all the outstanding equity interest in Tres Ojos Naturals LLC, currently doing business as SolDaze. TransCanna paid a purchase price comprised of a cash payment of $200,000 (including a previously paid deposit of $50,000) and the issuance of 810,000 common shares at a deemed price of $1.14 each. Another cash payment of $150,000 will be paid on November 15, 2019 to satisfy the remaining cash portion of the purchase price. TCAN and the vendors entered into a voluntary pooling agreement concerning the closing share…

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ThursdaySep 19, 2019 1:51 pm

CannabisNewsBreaks – Wildflower Brands Inc. (CSE: SUN) (OTCQB: WLDFF) Developing Robust Retail Network for CBD Products

Wildflower Brands (CSE: SUN) (OTCQB: WLDFF), a public cannabis company developing brands that focus on plant-based wellness and health products, is expanding the reach of its assorted CBD products to retailers throughout the United States and in legal cannabis markets. An article discussing the company reads, “At the beginning of 2019, Wildflower initiated a strategic New York expansion, making its products available in over 20 health and wellness stores throughout Manhattan. The move was a complete success, as over 40% of Wildflower’s online sales now originate from New York. . . . The company’s expansion and effective market positioning efforts…

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ThursdaySep 19, 2019 9:52 am

CannabisNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Hosting Analyst Site Visits at Hamilton and Valleyfield Facilities

Cannabis-focused research and development company The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF), a leading producer of premium certified organic cannabis, today announced that it is hosting site visits for analysts at its Hamilton and Valleyfield facilities on September 19-20. According to the update, the company is sharing, for the first time, beyond construction timelines, Canadian production ramp-up and other updates that are available on its website. “We are doing something no other producer has done before, growing premium certified organic cannabis at scale. By leveraging our proprietary growing methods, purpose-built facilities and industry-leading horticultural team, we are creating…

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ThursdaySep 19, 2019 9:21 am

CannabisNewsBreaks – IONIC Brands Corp. (CSE: IONC) (OTC: IONKF) (FRA: IB3) Secures DTC Eligibility for U.S. Markets

IONIC Brands (CSE: IONC) (OTC: IONKF) (FRA: IB3) on Wednesday announced that it has achieved eligibility by The Depository Trust Company (“DTC”) for its shares on the OTC Market in the United States. DTC, a subsidiary of the Depository Trust & Clearing Corporation (“DTCC”), manages the electronic clearing and settlement of publicly traded companies. This method accelerates the receipt of stock and cash, fast-tracks the settlement process for investors and brokers and cuts transactional costs for participating brokerage firms. DTC eligibility enables stock to be traded over a significantly broader selection of brokerage firms, as several firms require DTC eligibility…

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WednesdaySep 18, 2019 2:16 pm

CannabisNewsBreaks – HTC Extraction Systems (TSX.V: HTC) Securing Several Hemp Biomass Tolling Contracts

HTC Extraction Systems (TSX.V: HTC), a gas, liquids and biomass extractor and refiner, recently entered into a tolling agreement to process five million kilograms of hemp biomass. An article discussing the company reads, “HTC recently announced its entry into a hemp-biomass tolling agreement, which will involve the processing of hemp biomass for the 2019 crop year (http://cnw.fm/F0npj). The agreement covers 4,200–5,000 acres of hemp in Saskatchewan, utilizing five varieties of Health Canada-approved cultivars as the genetic foundation. HTC will process an estimated five million kilograms of hemp biomass to extract CBD full-spectrum oil (FSO). The company will be paid a ‘toll…

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WednesdaySep 18, 2019 10:01 am

CannabisNewsBreaks – Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Releases of Q4 and 2019 Fiscal Year End Financial Results

Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) on Tuesday announced the release of its financial and operating results for the fourth quarter and fiscal year ended June 30, 2019. Among the results, the company reported achievement of its first positive Adjusted EBITDA quarter of $3.2 million, a 90% increase in net revenue to $19 million in Q4 2019, up from $10 million in Q3 2019, as well as a 370% increase in fiscal total revenue to $41.8 million in 2019, up from $8.9 million in 2018. “We end fiscal 2019 as one of the few Canadian cannabis businesses…

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WednesdaySep 18, 2019 9:28 am

CannabisNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) Completes Debt Transaction

Plus Products (CSE: PLUS) (OTCQX: PLPRF), a leading cannabis branded products company in California, this morning announced the completion of the debt transaction previously announced by Plus on September 11 concerning the issuance of units consisting of subordinate voting shares and warrants in exchange for the settlement of certain debt. In accordance with an escrow agreement ancillary to the debt transaction, 50% of the issued shares will be held in escrow until specific conditions detailed in the agreement are met. Per the previous announcement regarding the transaction, all securities issued are subject to a statutory four-month hold period. To view…

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TuesdaySep 17, 2019 2:30 pm

CannabisNewsBreaks – Organigram Holdings Inc.’s (TSX: OGI) (NASDAQ: OGI) Noteworthy Corporate Governance, Financial Performance Drive Success

Organigram Holdings (TSX: OGI) (NASDAQ: OGI), the parent company of Organigram Inc., a leading licensed producer of cannabis, was recently highlighted in an article by Bloomberg titled, ‘Organigram a Canadian Pot Rarity After Four Profitable Quarters’ (http://cnw.fm/X1kps). An article further discussing the company reads, “Along with the company’s impressive corporate governance comes its equally notable — and consistent — financial performance. This is likely due to its team’s adherence to fiscal discipline, something that can be difficult to find in this industry. Bloomberg noted that, with four quarters of profitability under its belt, Organigram Holdings is ‘an anomaly in the Canadian cannabis…

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