CannabisNewsBreaks

MondayMar 18, 2019 11:44 am

CannabisNewsBreaks – City View Green Holdings Inc. (CSE: CVGR) Announces Appointment of Alcohol Beverage Industry Veteran as CEO

City View Green Holdings Inc. (CSE: CVGR) today announced that, effective immediately, Ian MacDonald has been appointed as its new CEO. MacDonald is a well-respected and proven leader in the international alcohol beverage industry with a solid reputation of creating and growing profitable and sustainable companies. With over 30 years’ experience in the highly regulated beverage alcohol space and a strong foundation in sales, marketing and executive management, MacDonald has repeatedly transformed companies into award-winning, innovative and industry leading organizations. "City View Green has arguably the best team in the business,” CEO Ian MacDonald stated in the release while discussing…

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MondayMar 18, 2019 9:42 am

CannabisNewsBreaks – Canopy Rivers Inc. (TSX.V: RIV) (OTC: CNPOF) Announces New Joint Venture with LeafLink Inc.

Cannabis-focused investment and operating platform Canopy Rivers Inc. (TSX.V: RIV) (OTC: CNPOF), alongside LeafLink Inc., this morning announced the establishment of LeafLink Services International ULC, a new venture focused on licensing and leveraging LeafLink’s dominant business-to-business marketplace and supply chain technology platform for deployment through regulated international cannabis markets. “We have been very impressed with LeafLink’s deep market penetration and their understanding of cannabis companies’ needs and behaviors,” Narbé Alexandrian, president of Canopy Rivers, stated in the news release. “The number of brands and products within our new cannabis economy has been explosive, making it difficult for retailers to deal…

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MondayMar 18, 2019 9:26 am

CannabisNewsBreaks – The Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF) Announces Online Availability of FlowrRX Products through Shoppers Drug Mart

Canadian cannabis cultivation firm The Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF) this morning announced that its FlowrRX products are now available for purchase through Shoppers Drug Mart’s online medical cannabis site, www.ShoppersDrugMart.ca/Cannabis. This update follows a January 9, 2019, news release outlining a sales agreement between the two companies. “We’re pleased to provide patients with the high quality and consistent products they seek, now with access to the world class patient care team that Shoppers Drug Mart has assembled,” Vinay Tolia, co-CEO of Flowr, stated in the news release. “Flowr’s premium medical cannabis is grown in what we believe is…

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FridayMar 15, 2019 11:57 am

CannabisNewsBreaks – City View Green Holdings Inc. (CSE: CVGR) Assembles Extraction Team, Eyes Shelf Space, Distribution through Growing Portfolio

City View Green Holdings (CSE: CVGR) is focused on assessing and potentially acquiring targets in the cannabis industry through diversification. A recent article discussing this reads, “As part of its strategy, City View Green Holdings has secured Master Grower Mario Meek, an original founding partner of WeedMD, and has assembled an equally skilled extraction team. In addition, City View owns a 19.9 percent stake in the retail-focused cannabis company Budd Hutt Inc. Budd Hutt has access to Alberta retail. This positions City View to potentially secure shelf space and distribution for future products.” To view the full article, visit http://cnw.fm/2fN6W…

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FridayMar 15, 2019 8:30 am

CannabisNewsBreaks – TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) Increases Brokered Private Placement by 60 Percent

TransCanna Holdings (CSE: TCAN) (FSE: TH8) recently announced that its brokered private placement of 5,000,000 units at C$2.00 per unit, as announced on February 20, 2019, is oversubscribed. As a result, TransCanna has increased the offering by sixty percent to a maximum of 8,000,000 units to raise gross proceeds of C$16,000,000.  The company intends to use the offering’s net proceeds for partial funding of the acquisition of a 196,000 square foot vertically integrated cannabis facility in Modesto California, as well as equipment acquisition and general working capital. "We're humbled by the demand for our private placement," TCAN President and CEO…

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ThursdayMar 14, 2019 11:55 am

CannabisNewsBreaks – Phivida Holdings Inc. (CSE: VIDA) (OTCQX: PHVAF) Secures US Retail Partnership for Oki Beverages

Premium functional food and beverage company Phivida Holdings Inc. (CSE: VIDA) (OTCQX: PHVAF) this morning announced that leading supermarket chain Safeway will begin selling the company’s Oki beverages in over 100 stores located across Colorado. Per the update, this is the first major retailer in the U.S. to offer the Oki line of iced teas and waters, which now come infused with 20mg of active hemp extracts. Albertsons Companies LLC, the parent of Safeway, has over 2,200 stores nationwide and is the second-largest supermarket chain in North America. “We are extremely excited to be associated with the Safeway brand and…

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ThursdayMar 14, 2019 11:04 am

CannabisNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQB: PLPRF) Co-Founder and CEO to Present at 31st Annual ROTH Conference

Leading California edibles manufacturer Plus Products (CSE: PLUS) (OTCQB: PLPRF) this morning announced that its co-founder and CEO Jake Heimark will present at the 31st Annual ROTH Conference on March 19, 2019 at 10:15 a.m. PST. The conference will be held at the Ritz Carlton, Laguna Niguel in Dana Point, California and bring together executives from more than 500 public and private companies and approximately 1,000 investors. The event offers investment ideas across a variety of sectors and provides over 4,700 attendees with company presentations, Q&A sessions, panels, and one-on-one meetings for extensive interaction with executive management to gain in-depth…

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ThursdayMar 14, 2019 9:43 am

CannabisNewsBreaks – Wildflower Brands Inc. (CSE: SUN) (OTCQB: WLDFF) Closes $1.8M Private Placement

Wildflower Brands (CSE: SUN) (OTCQB: WLDFF) on Wednesday announced that it has closed its previously announced private placement for aggregate gross proceeds of up to $1,882,000 at a price of C$0.54 per unit. According to the update, each unit consists of one issuer common share and one half of one share purchase warrant. Holders of each whole warrant will be entitled to acquire one Wildflower common share at a price of $0.85 for a period of 24 months. Once resale restrictions have expired and upon the company's shares trading at or above a weighted average price of $1.50 for 20…

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WednesdayMar 13, 2019 2:24 pm

CannabisNewsBreaks – The Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF) Aims to Increase Access to International Investors through Planned Uplisting

Canadian licensed producer of premium cannabis products, the Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF), recently announced that it has submitted an application for its common shares to be listed on the Nasdaq Capital Market (http://cnw.fm/e4TiE). An article discussing the company reads, “A Nasdaq listing is an important step toward broadening Flowr’s access to international investors, company co-CEO Vinay Tolia said in a news release. So far, the company has made massive progress executing its business plan since going public in 2018. Further steps are being undertaken to turn Flowr into a truly global company, Tolia underlined. . . . To…

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WednesdayMar 13, 2019 9:48 am

CannabisNewsBreaks – Redfund Capital Corp. (CSE: LOAN) (OTC: PNNRF) (Frankfurt: O3X4) to Convert Loan to 5.55 Percent Equity Position in Mary’s Wellness Ltd.

Redfund Capital (CSE: LOAN) (OTC: PNNRF) (Frankfurt: O3X4) this morning announced its intention to convert, into an equity position, the first tranche of a convertible secured promissory note with Mary’s Wellness Ltd. (“MWL”). According to the update, Redfund was extended the first tranche of C$100,000 from a C$1,000,000 promissory note it entered into with MWL on October 15, 2018. Redfund will own 5.55 percent of MWL upon conversion of the first tranche, and the promissory note’s remaining C$900,000 convertible balance, secured by a general security agreement on assets of MWL, will remain in place to secure additional tranches. “Redfund believes…

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