CannabisNewsBreaks

MondayMar 04, 2019 1:01 pm

CannabisNewsBreaks – TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) Expands Leadership Team

TransCanna Holdings (CSE: TCAN) (FSE: TH8) recently announced the appointment of Arni Johannson as president. Johannson’s experience includes over 30 years operating and investing in both private and publicly traded companies throughout Canada and the U.S. During his career, he has been involved in numerous successful exits across multiple sectors and has served on more than 20 corporate boards. “Once we presented TransCanna's vision to Arni he immediately understood the potential, and agreed to not only be a director, but also President of the company,” TransCannna CEO Jim Pakulis said in the news release. “I firmly believe his operating knowledge…

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MondayMar 04, 2019 12:46 pm

CannabisNewsBreaks – Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) to Conduct Clinical Studies on Oral Nicotine Delivery Utilizing DehydraTECH Absorption Platform

Lexaria Nicotine LLC, a subsidiary of Lexaria Bioscience (CSE: LXX) (OTCQX: LXRP), recently secured research and development (“R&D”) funding in exchange for equity and licensing rights. Utilizing its DehydraTECH absorption platform, Lexaria will execute a wide-ranging series of clinical studies on oral forms of nicotine delivery. A recent article discussing the company reads, “Under an investment agreement by its wholly owned subsidiary, Lexaria Nicotine LLC, a partner, will provide $1 million toward research on nicotine consumer products that use DehydraTECH(TM)http://cnw.fm/DnlA2. . . Lexaria’s partner will receive certain licensing rights to commercialize these DehydraTECH products exclusively in the United States and…

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MondayMar 04, 2019 9:51 am

CannabisNewsBreaks – Wildflower Brands Inc. (CSE: SUN) (OTCQB: WLDFF) Announces Tenth Consecutive Quarter of Revenue Growth

Vancouver-based Wildflower Brands Inc. (CSE: SUN) (OTCQB: WLDFF) this morning announced results from its fiscal second quarter, which marked its tenth consecutive quarter of revenue growth. Per the update, the company recorded Q2 sales of more than $1.4 million, up from $1 million in the first quarter. This increase was consistent across all sources, with the company’s largest sales growth stemming from sales to other retailers throughout the United States. To view the full press release, visit http://cnw.fm/PP5b7 About Wildflower Brands Wildflower Brands is a company headquartered in Vancouver building reputable brands and quality products that incorporate the synergistic effects…

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FridayMar 01, 2019 3:33 pm

CannabisNewsBreaks – Sproutly Canada Inc. (OTCQB: SRUTF) (CSE: SPR) (FRA: 38G) Controls Dosing with Revolutionary, Water-Soluble Technology

Sproutly Canada (OTCQB: SRUTF) (CSE: SPR) (FRA: 38G), through its recent acquisition of Infusion Biosciences, owns revolutionary technology that its CEO Keith Dolo describes as “the world’s first and only truly water-soluble cannabis solution and bio-natural oils.” A recent article discussing this reads, “The technology places control of dosing into the consumers’ hands. The bio-availability of the product, as well as the lingering effects, are shortened. Rather than the standard 45 to 120 minutes of previous products, this new water-soluble solution takes effect in only five minutes. While current products on the market can have lingering effects lasting anywhere from…

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FridayMar 01, 2019 3:02 pm

CannabisNewsBreaks – Therma Bright Inc. (TSX.V: THRM) (OTC: THRBF) Targets $10.7B Skin Care Device Market with Innovative Products and Technology

Therma Bright (TSX.V: THRM) (OTC: THRBF) targets the $10.7 billion skin-care device market with products that leverage innovative technology to address dermatological needs. A recent article discussing the company reads, “The foundation of Therma Bright’s noninvasive, pain-free skin care offerings is proprietary technology that has received class II medical device status from the U.S. Food and Drug Administration (‘FDA’). The company’s products include the InteceptCS Cold Sore Prevention Device and the TherOZap Insect Bite Treatment Device. One focus of Therma Bright’s products, devices and treatments is providing relief of pain, itch and inflammation resulting from over 20,000 kinds of insect…

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FridayMar 01, 2019 2:51 pm

CannabisNewsBreaks – TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) Eyes Potential for Sprawling Northern California Facility

Emerging cannabis branding, transportation and distribution company TransCanna Holdings (CSE: TCAN) (FSE: TH8) recently accepted a Northern California real-estate option agreement with what looks to be significant potential. A recent article discussing intended use for the facility includes a statement from TransCanna CEO Jim Pakulis, indicating, “With the recent $8 million of tenant improvements performed, this is one of the largest cannabis-focused, vertically integrated facilities in California. The intended use of the facility will be to transfer branded companies that we acquire, or that we create, and bring them inhouse. This means we have complete control over our nursery, grow,…

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FridayMar 01, 2019 9:40 am

CannabisNewsBreaks – The Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF) Hires Celebrated Canadian Chef Ryan Reed to Develop Signature Premium Edibles

Canadian Licensed Producer of premium cannabis products the Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF) today announced that it has hired celebrated Canadian Chef Ryan Reed to develop signature edible cannabis products for the Flowr brand. Victoria's 2011 Chef of the Year, and a past winner of Iron Chef and Chopped, Reed will collaborate closely with Flowr's R&D Team to research and develop high-quality edibles to target the needs of a premium client. The company expects the unique, gourmet products will be available for purchase following anticipated legalization of edibles and infused products in Q4 2019. “The hiring of Chef Reed…

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ThursdayFeb 28, 2019 2:44 pm

CannabisNewsBreaks – Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Lives Up to Name with Recent Financial Results

Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) recently released financial and operational results for the three months ending December 31, 2018. An article discussing the company’s Q2 2019 results reads, “With revenues for the quarter climbing to a fiery run rate of $20.6 million, the company is now one of the top-eight publicly traded Canadian licensed producers. Its Q2 2019 revenue was $7.72 million, marking a 359 percent increase over the $1.68 million of Q2 2018 and a 50 percent increase from Q1 2019 revenues of $5.14 million (http://cnw.fm/5qnQO). This top-of-the-line run rate is set to continue as Supreme…

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ThursdayFeb 28, 2019 12:44 pm

CannabisNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQB: PLPRF) Announces Closing of C$25M Private Placement

Leading California edibles manufacturer Plus Products (CSE: PLUS) (OTCQB: PLPRF) today announced its closing on the best efforts private placement with Canaccord Genuity Corp., as lead agent, together with a syndicate of agents, for 25,000 company units, each at a C$1,000 price, for gross proceeds of C$25,000,000. Per the update, Gotham Green Partners and Stable Road Capital were two of the lead investors in the private placement. The company intends to use proceeds from the offering for working capital and other general corporate purposes. “We are thankful for the support we have received from our past investors, and from new…

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ThursdayFeb 28, 2019 12:24 pm

CannabisNewsBreaks – Jefferies Analyst Initiates Coverage on The Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF)

Canadian Licensed Producer of premium cannabis products the Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF) was recently highlighted in an article by Barron’s titled ‘5 Marijuana Stocks to Buy — and 2 to Avoid, According to an Analyst’ authored by Bill Alpert. According to the article, Jefferies, a diversified financial services company, initiated coverage of Canadian marijuana producers on Monday and gave Flowr a “Buy” rating. Owen Bennett, the Jefferies analyst, reports that cannabis will not fall into the pattern of normal agricultural commodities that see major price drops from oversupply. Moreover, Bennett believes that premium cannabis won’t be commoditized and…

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