CannabisNewsBreaks

ThursdayFeb 07, 2019 2:19 pm

CannabisNewsBreaks – Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) Subsidiary Secures Key R&D Funding for Oral Nicotine Delivery Using DehydraTECH Technology

Lexaria Bioscience’s (CSE: LXX) (OTCQX: LXRP) wholly owned subsidiary, Lexaria Nicotine LLC, recently struck a deal with a large tobacco partner, securing significant R&D financing for the company’s DehydraTECH absorption platform (http://cnw.fm/12hJT).  A recent article discussing the company reads, “Through the agreement, the partner also has the option to provide up to $11 million in additional research through multiple phased private financings to underwrite LXRP’s R&D. In exchange, the partner will receive certain license rights to commercialize these DehydraTECH products exclusively in the United States and non-exclusively elsewhere. The partner, the largest cigarette company in the U.S., will be obligated to…

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ThursdayFeb 07, 2019 12:27 pm

CannabisNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQB: PLPRF) Utilizes Food Manufacturing Experience to Deliver First-Class Edible Products

As a leading California edibles manufacturer with over 40 years of experience in food manufacturing, Plus Products (CSE: PLUS) (OTCQB: PLPRF) focuses on providing products with unmatched taste and texture that are both compliant and dosable. A recent article discussing the company reads, “Plus continues to launch limited edition products. It recently introduced the fourth limited edition of its market-leading infused gummies – Pink Lemonade. This product is available at select dispensaries in California for a limited time, with a portion of the proceeds from the launch being donated to the National Parks Foundation. Plus Pink Lemonade flavored gummies are…

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ThursdayFeb 07, 2019 10:37 am

CannabisNewsBreaks – Supreme Cannabis Company Inc.’s (TSX.V: FIRE) (OTCQX: SPRWF) (FRA: 53S1) 7ACRES Expands Domestic Distribution Coast-to-Coast Across Eight Provinces

Supreme Cannabis Company (TSX.V: FIRE) (OTCQX: SPRWF) (FRA: 53S1) this morning announced that its wholly owned subsidiary, 7ACRES, has entered into a supply agreement with the New Brunswick Liquor Corporation to supply recreational cannabis to its retail stores and has been registered as a supplier in the province of Saskatchewan. Per the update, Saskatchewan and New Brunswick are 7ACRES' seventh and eighth provincial partners in addition to British Columbia, Alberta, Manitoba, Ontario, Nova Scotia and PEI. “We're excited to announce that 7ACRES-branded products will be available for adult-use in eight Canadian provinces coast-to-coast,” Supreme Cannabis CEO Navdeep Dhaliwal said in…

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ThursdayFeb 07, 2019 10:20 am

CannabisNewsBreaks – Redfund Capital Corp. (CSE: LOAN) (OTC: PNNRF) Engages First Member of New USA Advisory Team to Focus on Opportunities in CBD and Hemp

Redfund Capital Corp (CSE: LOAN) (Frankfurt: O3X4) (OTC: PNNRF) today announced that it has engaged New Jersey based Wingspan Advisors and Jerry Hug, the current director of global operations for Cloud Commerce, a U.S.-based data driven digital marketing company. Cloud Commerce provides data-driven digital marketing services, content creation and media buying to its clients through its wholly owned subsidiaries Parscale Digital, Datapropria, Giles Design and WebTegrity. Hug will be Redfund’s first advisor to the company’s newly-formed USA advisory team and will assist Redfund in positioning its current loan portfolio of branded products throughout the U.S. The Redfund team will focus…

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ThursdayFeb 07, 2019 9:27 am

CannabisNewsBreaks – Canopy Rivers Inc. (TSX.V: RIV) (OTC: CNPOF) to Receive $30M in Additional Capital from Canopy Growth Corp. (TSX: WEED) (NYSE: CGC)

Canopy Growth Corporation (TSX: WEED) (NYSE: CGC) this morning announced that it intends to increase its total investment in cannabis-focused investment and operating firm Canopy Rivers (TSX.V: RIV) (OTC: CNPOF) by CAD $30 million. The investment will be made through a private placement of subordinated voting shares in the capital of Canopy Rivers concurrent with Canopy Rivers’ bought deal offering of subordinate voting shares for gross proceeds of approximately $55 million. Upon closing of the investment, which is expected to occur on or about February 27, 2019, Canopy Growth’s ownership of issued and outstanding shares of Canopy Rivers will increase…

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WednesdayFeb 06, 2019 9:33 am

CannabisNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Mails SpinCo Unit Warrant Election Forms

The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF), a cannabis-focused research and development company, this morning announced that it has mailed an election form to all registered TGOD shareholders of record as of January 31, 2019 who have an address of record outside the United States. The election form was sent in reference to the previously announced distribution of unit purchase warrants of TGOD Acquisition Corp. ("SpinCo") per its plan of arrangement with SpinCo. All eligible shareholders of record that wish to receive the SpinCo Unit Warrants must complete the election form and deliver it to Computershare Investor Services…

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TuesdayFeb 05, 2019 10:26 am

CannabisNewsBreaks – Supreme Cannabis Company Inc. (TSX.V: FIRE) (OTCQX: SPRWF) (FRA: 53S1) to Release Q2 Earnings on February 12

Supreme Cannabis Company (TSX.V: FIRE) (OTCQX: SPRWF) (FRA: 53S1) a Canadian company dedicated to providing premium brands and products that proudly reflect its consumers, people and uniquely innovative culture, this morning announced the planned release of its second quarter financial results. Per the update, Supreme Cannabis will provide its Q2 financial results for the three months ended December 31, 2018 before markets open on February 12, 2019. To view the full press release, visit http://cnw.fm/su9JS About Supreme Cannabis The Supreme Cannabis Company is a Canadian publicly traded company committed to providing premium brands and products that proudly reflect its consumers, people…

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TuesdayFeb 05, 2019 9:27 am

CannabisNewsBreaks – The Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF) Submits Application for NASDAQ Listing

Canadian Licensed Producer of premium cannabis products The Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF) today announced that it has submitted an application to list the company’s common shares on the NASDAQ Capital Market and has filed a Form 40-F Registration Statement with the U.S. Securities and Exchange Commission. The NASDAQ listing of Flowr’s shares is subject to a number of regulatory requirements that include registration of the common shares with the SEC and NASAQ determination of the company’s satisfaction of all applicable listing requirements. Subject to approval for listing, the common shares will continue to trade under FLWR on the…

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MondayFeb 04, 2019 9:42 am

CannabisNewsBreaks – TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) Enters Option Agreement to Acquire 196,000 Square Foot Cannabis Facility

TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) today announced that, on February 1, 2019, it accepted an assignment of a real estate option agreement from its CEO, Jim Pakulis, to acquire an asset package that includes an existing 196,000 square foot facility on 6.5 acres of land, as well as cannabis processing and packaging equipment. Should the option be exercised, the purchase price of the property is an aggregate of $15 million, payable in cash. Over the past two years, approximately $8 million in tenant improvements have been completed to create a vertically-integrated cannabis facility at the site. The arms-length…

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MondayFeb 04, 2019 9:28 am

CannabisNewsBreaks – Canopy Rivers Inc. (TSX.V: RIV) (OTC: CNPOF) Completes Additional Investment in Canapar Corp., Expands Ownership Stake to 49 Percent

Cannabis-focused investment and operating firm Canopy Rivers Inc. (TSX.V: RIV) (OTC: CNPOF) this morning announced its completion of a subsequent $9.4 million equity investment in portfolio company Canapar Corp. (“Canapar Canada”), the Canadian parent corporation of Italian organic hemp production and processing platform Canapar SrL (“Canapar Italy”). Per the update, this investment aligns with Canopy’s globally-focused growth strategy and is expected to provide the company with an opportunity to capitalize on the rapidly expanding European cannabidiol market. With its most recent investment, Canopy’s ownership position in Canapar Canada has expanded to 49 percent on a non-diluted basis. “Canopy Rivers’ investment…

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