CannabisNewsBreaks Archive - Page 149 of 217

TuesdayMar 26, 2019 1:32 pm

CannabisNewsBreaks – TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) Receives Promising Valuation from Third Party Accounting Firm on Cannabis Facility Acquisition

TransCanna Holdings (CSE: TCAN) (FSE: TH8), an emerging cannabis branding, transportation and distribution company, recently signed definitive documents to purchase a 196,000 sq. ft. vertically integrated facility in northern California for $15 million. The purchase includes 5.567 acres of land and institutional grade packaging and extraction equipment. TransCanna retained the services of GreenGrowth CPA, an independent third-party chartered professional accounting firm that specializes in legalized cannabis. GreenGrowth was engaged by the company to determine the enterprise value of the proposed business to be conducted by TransCanna on the property. Using two separate valuation methods including both the discounted cash flow…

TuesdayMar 26, 2019 9:34 am

CannabisNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQB: PLPRF) Posts Preliminary 2018 Unaudited Financial Results; Reports Estimated Revenues of $8.4M

Plus Products (CSE: PLUS) (OTCQB: PLPRF) this morning reported its unaudited revenue estimate for the fiscal period ended December 31, 2018 of $8.4 million, representing an enormous growth of 684% from fiscal 2017 revenues of $1.1 million. Additionally, the company reported revenue estimates of $3.4 million for the fourth quarter of 2018, an increase of about 32% over the third quarter of 2018. PLUS attributes the surge primarily to sales of its concentrated brand portfolio of four full-time SKUs and one rotating seasonal. The company’s unaudited cash balance rose from $11.1 million as of September 30, 2018 to $22.9 million…

MondayMar 25, 2019 12:23 pm

CannabisNewsBreaks – Wildflower Brands Inc. (CSE: SUN) (OTCQB: WLDFF) Adds New Tinctures to its CBD+ Wellness Line

Wildflower Brands (CSE: SUN) (OTCQB: WLDFF) today announced the addition of the Pure and Pure Plus tinctures to its CBD+ Wellness line of products. Pure and Pure Plus tinctures, formulated with hemp-derived CBD, milk thistle and hemp seed oil, are designed to provide relief from inflammation and support healthy liver and heart function. Based on the success of its existing tinctures, WLDFF has added hemp seed oil to the new offering for optimal omega-3 and omega-6 fatty acid ratios in solvent-free formulations that can be taken sublingually via a dropper or used in food and beverage preparation. “Consumers are drawn…

MondayMar 25, 2019 11:19 am

CannabisNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Initiates Growers’ Circle Launch, Domestic Sales to Patients Across Canada

Cannabis-focused research and development company The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF) this morning announced that sales of its certified-organic cannabis have started with national distribution to medical patients. Per the update, a select group of patients across Canada called The Growers' Circle now receives TGOD's first certified-organic flower. The Growers' Circle launch is a limited production rollout of TGOD’s premium product, allowing the company to perfect its distribution ahead of its production ramp-up and scaled rollout this year. “The launch of the Growers' Circle is another significant moment in TGOD's commercial story,” TGOD Director and Chief Executive…

MondayMar 25, 2019 10:56 am

CannabisNewsBreaks – Choom Holdings Inc. (CSE: CHOO) (OTCQB: CHOOF) to Expand to Florida Market Through Investment in Vertically-Integrated Cannabis Applicant

British Columbia-based fully-integrated cannabis company Choom Holdings (CSE: CHOO) (OTCQB: CHOOF) this morning announced its intended expansion into Florida following its strategy to become a multi-state operator. According to the update, Choom, through its wholly owned subsidiary, Choom Holdings USA Inc., has entered a letter of intent ("LOI") to purchase a 95 percent equity interest in a Florida-based vertically-integrated cannabis applicant. “We are very excited to be expanding into Florida and to bring Choom's medical brand into that market. Florida's medical marijuana program is a very attractive opportunity for us seeing that it allows for vertically-integrated operations and it has…

MondayMar 25, 2019 10:06 am

CannabisNewsBreaks – Canopy Rivers Inc.’s (TSX.V: RIV) (OTC: CNPOF) Spot Therapeutics Receives Health Canada Cultivation License, Triggering Long-Term Cash Flow

Canopy Rivers (TSX.V: RIV) (OTC: CNPOF) today announced receipt of a Health Canada cultivation license for Canopy Growth Corporation (TSX: WEED) (NYSE: CGC) and its portfolio company, Spot Therapeutics Inc., for its Fredericton-based production and distribution facility. Per the update, the newly licensed facility will operate under the flagship Tweed banner, and the cultivation license initiates a long-term (25-year) cash flow stream anticipated to be approximately $2.85 million per year with commencement expected to begin in September 2019. “The long-term income stream from Spot, combined with our existing royalty portfolio, will further stabilize Canopy Rivers’ operating cash flow profile and…

MondayMar 25, 2019 9:43 am

CannabisNewsBreaks – VIVO Cannabis Inc. (TSX.V: VIVO) (OTCQX: VVCIF) Announces Health Canada Approval for Canna Farms Subsidiary to Expand Hope Facility, Double BC Production

VIVO Cannabis (TSX.V: VIVO) (OTCQX: VVCIF) on Friday announced receipt of approval from Health Canada for its wholly-owned subsidiary, Canna Farms Ltd., to begin cultivation in the expansion of its Yale Road facility in Hope, BC, resulting in its doubled cultivation capacity in the province. According to the update, production, product development space and automated packaging equipment is included in the expansion that is expected to be incorporated into the facility and brought on-line in mid 2019. The company expects to commence cultivation in the expanded area in May 2019. “Today's approval of the Hope, British Columbia expansion is in…

FridayMar 22, 2019 1:42 pm

CannabisNewsBreaks — Why Wildflower Brands Inc. (CSE: SUN) (OTCQB: WLDFF) Is ‘One to Watch’

Wildflower Brands (CSE: SUN) (OTCQB: WLDFF) develops and designs brands that focus on plant-based wellness and health products. A recent article discussing the company reads, “Wildflower markets its full-spectrum CBD products to retailers in the health and wellness space throughout the United States and in legal cannabis markets in accordance with regulations marketing its THC and CBD products. . . . Headquartered in Vancouver, British Columbia, Canada, Wildflower employs a unique and holistic business model that encompasses research and development, manufacturing, distribution, marketing and retail. First launched in 2012 as a private company with a cannabis-focused brand, Wildflower went public…

FridayMar 22, 2019 10:10 am

CannabisNewsBreaks – Supreme Cannabis Company Inc. (TSX.V: FIRE) (OTCQX: SPRWF) (FRA: 53S1) to Launch Premium Oil Products Line to Canadian Market

Supreme Cannabis Company (TSX.V: FIRE) (OTCQX: SPRWF) (FRA: 53S1) this morning announced plans to introduce its oil products line to select adult-use Canadian markets starting in April 2019, with expansion to additional provinces expected by the end of June 2019. Per the update, the products will contain a proprietary blend of highly-purified cannabis oils and terpenes derived from plants grown by 7ACRES. “Premium oils require premium cannabis,” Supreme Cannabis CEO Navdeep Dhaliwal said in the news release. “Our formulation will leverage super-critical CO2 technology to produce a high quality, purified cannabis oil which we re-formulate with the naturally occurring cannabis…

FridayMar 22, 2019 9:32 am

CannabisNewsBreaks – VIVO Cannabis Inc. (TSX.V: VIVO) (OTCQX: VVCIF) Subsidiary Receives Health Canada Approval for Vanluven Road Facility Expansion

VIVO Cannabis (TSX.V: VIVO) (OTCQX: VVCIF) on Thursday announced that its wholly-owned subsidiary, ABcann Medicinals Inc., received approval from Health Canada to commence cultivation in the expansion of its Vanluven Road facility in Napanee. The expansion includes production and product development space built to GMP standards and doubles the company’s Ontario cultivation capacity. Cultivation in the expanded area will begin immediately. In addition, the company has incorporated a supercritical CO2 extraction suite for production of concentrates into the facility, which is expected to be brought on-line mid-2019. “The GMP certification of our Vanluven expansion, expected later this year, will enable…

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