CannabisNewsBreaks

ThursdayMar 21, 2019 12:20 pm

CannabisNewsBreaks – The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Receives Health Canada Approval for Expansion of 7ACRES Facility

The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) this morning announced that its wholly owned subsidiary, 7ACRES, has obtained Health Canada approval for six additional flowering rooms totaling 60,000 sq. ft. of additional production space at its facility in Kincardine, Ontario. With this expansion, total flowering room space at 7ACRES’ facility is expected to increase to 180,000 sq. ft., with annual production capacity estimates rising from roughly 17,500 kg to 26,250 kg. “Today's announcement is a major milestone which represents a 50% increase in our estimated annual production capacity. With 18 of 25 flowering rooms at 7ACRES…

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ThursdayMar 21, 2019 11:12 am

CannabisNewsBreaks – VIVO Cannabis Inc. (TSX.V: VIVO) (OTCQX: VVCIF) Starts Australian Observational Trial

VIVO Cannabis (TSX.V: VIVO) (OTCQX: VVCIF) today announced that it will begin an observational study on the use of cannabinoids as therapy for chronic pain. A group of well-known pain specialists will lead the study, taking place in Melbourne, Australia, which expects to provide long-term (24 month) data in order to evaluate the efficacy of medical cannabis in treating pain and further support development of VIVO's portfolio of medical cannabis products. VIVO is funding the effort in the form of a research grant to its partner in the study, Australian Medical Cannabis Service ("AMCS"). “Driven by unmet clinical needs, medical…

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ThursdayMar 21, 2019 10:50 am

CannabisNewsBreaks – Redfund Capital Corp. (CSE: LOAN) (OTC: PNNRF) (Frankfurt: O3X4) Announces Launch of First International Hemp/CBD Auction Platform

Merchant banking firm Redfund Capital Corp. (CSE: LOAN) (OTC: PNNRF) (Frankfurt: O3X4) this morning announced the launch of the Cannabis Mercantile Exchange (“Cannamerx”) International Hemp/CBD Auction Platform. Per the update, Cannamerx today reported that 1.5 tonnes of hemp biomass have been listed for auction on the platform, and its team is rapidly onboarding clients in Canada, the U.S. and Europe. “The hemp revolution has begun in North America. We are excited to help Cannamerx create a global path for many of these companies to trade Hemp/CBD internationally and become cash flow positive at a much quicker pace, decreasing their sales…

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ThursdayMar 21, 2019 9:41 am

CannabisNewsBreaks – Lexaria Bioscience Corp. (CSE: LXX) (OTC: LXRP) Launches its Largest Cannabinoid R&D Program

Biotechnology company and drug delivery platform innovator Lexaria Bioscience (CSE: LXX) (OTC: LXRP) on Wednesday announced that work has commenced on its largest-ever cannabinoid research program, which will also test Lexaria-designed nanotech enhancements. According to the update, the new program is comprised of 11 separate animal studies, each comparable in scope to individual animal studies the company conducted during 2018. Six months ago, Lexaria began its 2019 in vivo study design. All laboratory test articles have been produced and exceed all required quality control thresholds, and the project has now advanced to the implementation stage. The 2019 R&D project is…

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WednesdayMar 20, 2019 11:43 am

CannabisNewsBreaks – Phivida Holdings Inc. (CSE: VIDA) (OTCQX: PHVAF) Partners with Green Glass Global to Place Oki Beverage Line Across U.S.

Premium functional food and beverage company Phivida Holdings (CSE: VIDA) (OTCQX: PHVAF) this morning announced its entry into a strategic partnership with Green Glass Global, a leading beverage brokerage firm that specializes in on-premise national accounts for the specialty drinks sector. According to the update, the partnership will focus on placing Phivida's Oki beverage line products in premium hospitality outlets across the United States. “We are really excited to partner with Green Glass Global to represent our Oki beverage brand nationally in the on-premise channel,” Phivida Chief Commercial Officer Doug Campbell said in the news release. “The on-premise channel represents…

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WednesdayMar 20, 2019 10:28 am

CannabisNewsBreaks – Redfund Capital Corp. (CSE: LOAN) (OTC: PNNRF) (Frankfurt: O3X4) Enters Strategic Alliance with Cannabis Mercantile Exchange

Redfund Capital (CSE: LOAN) (OTC: PNNRF) (Frankfurt: O3X4) this morning announced its entry into a strategic alliance with the Cannabis Mercantile Exchange ("Cannamerx"), one of the first cannabis and hemp auction platforms to go live. Per the update, Cannamerx is the first fully automated B2B international auction platform for wholesale cannabis, cannabis products, hemp and hemp products and genetics, to recommend certain company’s products and services to their respective customer base. More than 57 Canadian licensed cannabis companies have joined Cannamerx, which has helped facilitate the trade of more than 25 tonnes of cannabis, over $22 million in bids received…

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WednesdayMar 20, 2019 9:46 am

CannabisNewsBreaks – The Green Organic Dutchman (TSX: TGOD) (OTCQX: TGODF) Reports Financial, Operational Year End Results

Cannabis-focused research and development company The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF) on Tuesday reported its financial and operational results for the year ended December 31, 2018. Among other highlights, the company ended the year with $263.5 million of cash and restricted cash to continue to fund its facilities expansion and international growth. The company also completed two bought deals worth $101.2 million in gross proceeds and private placements totaling $77.6 million in gross proceeds. “2018 has been a pivotal year for the company. The accomplishments our team has made have been nothing shy of incredible,” the Green…

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WednesdayMar 20, 2019 9:00 am

CannabisNewsBreaks – TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) Inks Definitive Closing Documents to Acquire Cannabis Facility with Packaging Equipment on 5.5 Acres of Land

TransCanna Holdings (CSE: TCAN) (FSE: TH8) this morning announced that it has signed definitive closing documents to acquire a 196,000 square foot facility on 5.5 acres of land as well as cannabis packaging and processing equipment for a total purchase price of $15 million. Over the past two years, the facility has undergone $8 million in key renovations which have formed specific divisions for nursery, cultivation, manufacturing, extracting, bottling, remediation, and transportation and distribution. The company paid the sellers a $250,000 non-refundable deposit and will pay an additional $8 million down payment. The seller agreed to a carry back note…

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MondayMar 18, 2019 3:16 pm

CannabisNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQB: PLPRF) Sets Sights High in California Cannabis Market

Plus Products (CSE: PLUS) (OTCQB: PLPRF), already California’s leading edibles manufacturer, is focused on building the strongest cannabis brand to further position itself in a market expected to hit $5 billion in sales this year. A recent article discussing this includes commentary from PLUS CEO and co-founder Jake Heimark, from a Business Television segment (http://cnw.fm/2KM0t), where he states, “Plus Products is a cannabis manufacturing product company, and our vision is to build the strongest cannabis brand. In the last year, PLUS moved from about 12th in edibles in California to being the number one edible company in what is the…

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MondayMar 18, 2019 2:34 pm

CannabisNewsBreaks – Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Continues to Achieve High Revenues within Booming Cannabis Industry

Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) recently reported its financial and operational results for the period ended December 31, 2018. The report highlights the company’s capability to maintain high revenues within the cannabis industry. An article discussing SPRWF reads, “The Q2 report also detailed Supreme Cannabis’ profitability. The company recorded a 359-percent increase in revenue from Q2 2018 ($1.68 million) to Q2 2019 ($7.72 million). The company has also been making moves to stay competitive within the cannabis oil products market, an industry that has been dubbed the next ‘gold rush’ since the 2018 United States Farm…

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