CannabisNewsBreaks

ThursdayFeb 28, 2019 11:36 am

CannabisNewsBreaks – Organigram Holdings Inc. (TSX.V: OGI) (OTCQX: OGRMF) to Convert $98M Debentures into Common Shares

Organigram Holdings (TSX.V: OGI) (OTCQX: OGRMF) recently announced that it will exercise its right to convert all the principal amount outstanding of the remaining debentures on April 1, 2019 into common shares of the company in accordance with the indenture governing the company's 6 percent convertible unsecured debentures due January 31, 2020. The company believes this conversion will save roughly $4.9 million in cash interest payments that would have accumulated if the outstanding debentures were held to maturity. It will also remove a substantial liability from the company's balance sheet. Per the terms of the indenture, when the volume weighted…

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ThursdayFeb 28, 2019 9:59 am

CannabisNewsBreaks – Canopy Rivers Inc. (TSX.V: RIV) (OTC: CNPOF) Releases Q3 Financial Highlights and Corporate Update

Canopy Rivers (TSX.V: RIV) (OTC: CNPOF) on Wednesday released its financial results for the three and nine months ended December 31, 2018. Per the update, Canopy Rivers’ full Management's Discussion and Analysis (“MD&A”) and unaudited interim consolidated financial statements for the period are available on its SEDAR profile at www.SEDAR.com and via the company’s website. “With more than $55 million of capital deployed during the quarter, Canopy Rivers continues to position itself as a preeminent investment firm in the cannabis industry,” RIV Chief Financial Officer Eddie Lucarelli said in the news release. “As we continue to see meaningful developments at…

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WednesdayFeb 27, 2019 9:54 am

CannabisNewsBreaks – Redfund Capital Corp. (CSE: LOAN) (OTC: PNNRF) (Frankfurt: O3X4) to Enter $1M Funding Agreement with Cannaki Beverage

Redfund Capital Corp. (CSE: LOAN) (OTC: PNNRF) (Frankfurt: O3X4) this morning announced that it has agreed to fund Cannaki Beverage Inc., a nano CBD flavored water company based in Las Vegas, Nevada, that manufactures still and carbonated natural and organic functional beverages. According to the update, Redfund has signed a convertible note term sheet for $1 million at a rate of 14 percent interest with a two-year term, and the companies intend to finalize a promissory note and security document in the next week. “Partnering with a water company with a strong footprint is a tremendous opportunity for Redfund. Cannaki…

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TuesdayFeb 26, 2019 10:25 am

CannabisNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQB: PLPRF) Launches Redesigned Signature Tins in Continued Effort to Make Cannabis Safe and Approachable

Leading California edibles manufacturer Plus Products (CSE: PLUS) (OTCQB: PLPRF) this morning announced that it has begun the roll out of redesigned tins across the state in order to deliver its popular gummies in child-resistant packaging well in advance of a January 2020 California deadline. The new tins (the first of which available at select California outlets), opened with a press and twist method similar to a prescription medicine bottle, are certified according to the Code of Federal Regulations 16 CFR § 1,700.20 and made of recyclable tinplate steel with a polypropylene insert. “The convenience of our packaging is an…

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TuesdayFeb 26, 2019 9:33 am

CannabisNewsBreaks – Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) Supports Recent FDA Statement on Novel Nicotine Replacement Therapies

Biotechnology company and drug delivery platform innovator Lexaria Bioscience (CSE: LXX) (OTCQX: LXRP) this morning conveyed its support for the Food & Drug Administration’s (“FDA”) February 21 statement titled “Smoking Cessation and Related Indications: Developing Nicotine Replacement Therapy Drug Products”. The FDA’s statement outlined the development of safe and effective novel nicotine replacement therapies to help smokers quit cigarettes, stating that “novel products with different characteristics or routes of nicotine delivery have the potential to offer additional opportunities for health-concerned smokers interested in quitting.” Lexaria recently entered a partnership with a leading tobacco company to use DehydraTECH(TM) technology to develop…

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MondayFeb 25, 2019 1:07 pm

CannabisNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Increases Operating Capacity at Hamilton Facility

Cannabis-focused research and development company the Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF) recently issued an update regarding the construction at its Valleyfield, Quebec, and Hamilton, Ontario, facilities. A recent article discussing the company reads, “Regarding the Hamilton operations, TGOD has modified major systems from the original design. Furthermore, the company has re-engineered the whole harvesting process to enhance production uptime and facility throughput. Therefore, this has resulted in increased productive capacity from 14,000 kg to 17,500 kg. TGOD has grown and successfully harvested numerous crops in the pilot facility. It has also stored product for its forthcoming medical…

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MondayFeb 25, 2019 9:53 am

CannabisNewsBreaks – Phivida Holdings Inc. (CSE: VIDA) (OTCQX: PHVAF) Partners with Flora Research Laboratories for QA and Product Testing

Premium functional food and beverage company Phivida Holdings Inc. (CSE: VIDA) (OTCQX: PHVAF) this morning announced its entry into a new partnership with Flora Research Laboratories (“FRL”), a leading provider of analytical testing and consulting services to the natural products, active hemp extract (hemp CBD) and dietary supplements industry. According to the update, the partnership will focus on quality assurance and product testing for Phivida's active hemp extract infused premium beverages and clinical products. "We are really excited to be working with FRL as they share our same values when it comes to quality and transparency," Phivida President and CEO…

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MondayFeb 25, 2019 9:32 am

CannabisNewsBreaks – Redfund Capital Corp. (CSE: LOAN) (OTC: PNNRF) (Frankfurt: O3X4) Client Wildflower Brands Provides Swag for 2019 Oscars

Redfund Capital Corp. (CSE: LOAN) (OTC: PNNRF) (Frankfurt: O3X4) yesterday announced that its client, Wildflower Brands, was selected to provide gifts for the nominees, presenters and talent staying at the luxury Four Seasons Hotel Los Angeles for the 2019 Oscars. Founded in Vancouver, Canada, in 2012, Wildflower Brands Inc.’s (CSE: SUN) (OTCQB: WLDFF) products incorporate the synergistic effects of plants and their extracts. This year’s Four Seasons Hollywood Swag Bag included an assortment of Wildflower CBD products, with the hemp-based offerings containing less than .03 percent THC. The company's Cool Stick offers quick and convenient relief from muscle, joint and…

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FridayFeb 22, 2019 12:18 pm

CannabisNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Issues Update on Jamaican Operations

Cannabis-focused research and development company the Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF) today provided a detailed update regarding its Jamaican partner Epican Medicinals Ltd., a fully integrated cannabis company with cultivation, extraction, manufacturing and retail distribution licenses. TGODF acquire a 49.18% interest in Epican in June 2018 and has seen substantial progress toward expanding cultivation, opening additional retail dispensaries, and creating a leadership position in Jamaica's medical cannabis market. Among other highlights from the update, the company reported that it has accelerated productive capacity while building inventory in preparation of its planned retail expansion. It has secured locations…

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FridayFeb 22, 2019 11:03 am

CannabisNewsBreaks – Emphasis on Product Quality Positions the Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF) for Success as the Cannabis Sector Swells

By upholding its focus on exclusively providing premium cannabis products, the Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF) is slated to excel in the ever-growing cannabis market. The Canadian licensed producer recently revealed its plans to expand its product line by selling a variety of its high-quality cannabis in clone and seed form. An article further discussing the company reads, “Company co-CEO Tom Flow announced the venture in a news release that highlights Flowr’s emphasis on growing only premium cannabis using non-irradiated production methods that generate high crop yields at low operating costs. . . . ‘This is an exciting and…

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