CannabisNewsBreaks

FridayFeb 01, 2019 3:20 pm

CannabisNewsBreaks – Icon Exploration Inc. (TSX.V: IEX.H) Aims to Capitalize on the Medical and Recreational Cannabis Markets

Icon Exploration (TSX.V: IEX.H), a company working toward establishing its foothold in the global cannabis sector, is planning on operating within both the medical and recreational cannabis markets. An article discussing the company reads, “In what is a win-win situation for Icon, the company has placed bets on both recreational and medical cannabis. This legal market is growing at double-digit rates, and capitalizing on that growth, Icon is aiming to create a well-diversified company that produces long-term returns for shareholders. To do so, it intends to be a leading purveyor of medicinal and recreational cannabis while, at the same time,…

Continue Reading

FridayFeb 01, 2019 10:08 am

CannabisNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Releases Construction Update, Increases Capacity, Confirms On-Schedule Launch of Growers Circle

Cannabis-focused research and development company The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF) today released a detailed construction update on its domestic Valleyfield and Hamilton operations that reflects significant progress toward the completion of both facilities. According to the update, as a result of a recently-identified need for design modifications in the construction process, the engineering improvements enable optimized facility throughput that, combined with organic specific modifications, provide an increased domestic productive capacity forecast from 156,000 kg to 202,500 kgs. The updated construction plan requires increased capital expenditures of approximately $30 million for the completion of the structures and…

Continue Reading

FridayFeb 01, 2019 9:25 am

CannabisNewsBreaks – The Supreme Cannabis Company Inc. (TSX.V: FIRE) (OTCQX: SPRWF) (FRA: 53S1) to Commence Trading on the Toronto Stock Exchange

The 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, recently announced that its listed securities are anticipated to begin trading on the Toronto Stock Exchange ("TSX") on February 4, 2019. SPRWF is also set to participate in the market open ceremony that day. The company’s common shares and 6.0% senior unsecured convertible debentures due 2021 will be voluntarily delisted from the TSX Venture Exchange under the symbol "FIRE" and will start trading on the TSX under the symbol "FIRE.DB".…

Continue Reading

ThursdayJan 31, 2019 3:09 pm

CannabisNewsBreaks – Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) Seeks to Improve Lives through Revolutionary Nicotine Delivery Method

Lexaria Bioscience (CSE: LXX) (OTCQX: LXRP) recently announced that its wholly owned subsidiary, Lexaria Nicotine LLC, has joined forces with one of the world’s largest tobacco companies to fund the research and development of Lexaria’s patented DehydraTECHÔ technology to potentially commercialize a form of oral nicotine delivery. An article discussing the company reads, “Lexaria’s goal is to create an oral product that eliminates the need for inhalation and helps curb the smoking habits of consumers. Over 6 million deaths a year worldwide are attributed to nicotine delivery through smoking. The company believes that its DehydraTECH technology may help the 69…

Continue Reading

ThursdayJan 31, 2019 1:17 pm

CannabisNewsBreaks – The Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF) Reveals Plan to Start Selling Cannabis Clones & Seeds During the Second Quarter

The Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF) this morning announced that in the second quarter of this year it will start selling a wide assortment of cannabis cultivars in both clone and seed form. The cultivars will be produced in the company’s cultivation center in Kelowna, BC, which is designed to Good Manufacturing Practice (GMP) standards and utilizes proprietary systems and processes to reduce the risk of contamination. Flowr believes that once its initial cultivation facility is completed, which is anticipated by the end of the third quarter of 2019, it will be able to produce more than 3.2 million…

Continue Reading

ThursdayJan 31, 2019 12:35 pm

CannabisNewsBreaks – Sunniva Inc. (CSE: SNN) (OTCQX: SNNVF) Announces Changes to Senior Leadership Team to Advance Growth Plan; Featured on Uptick Newswire

Vertically integrated cannabis company Sunniva (CSE: SNN) (OTCQX: SNNVF) today announced changes to its California leadership team to support growth of its branded product lines to be sold throughout 2019. Kevin Wilkerson was promoted to president of Sun CA Holdings, from his former position as COO, and will be responsible for Sunniva’s California operations. In addition, Mary Patton officially joined the Sunniva team as vice president of marketing in December 2018, after several years of consulting with the company, and will be responsible for overseeing the Sunniva brand launch in California later this year. Wilkerson has been active in the…

Continue Reading

ThursdayJan 31, 2019 11:21 am

CannabisNewsBreaks – Phivida Holdings Inc. (CSE: VIDA) (OTCQX: PHVAF) Provides Corporate Update Reviewing Completed Milestones, Strategic Initiatives

Hemp-cultivated cannabinoid innovator Phivida Holdings Inc. (CSE: VIDA) (OTCQX: PHVAF) this morning provided a corporate update that reviewed completed milestones and ongoing strategic initiatives. Key highlights of the update include the company’s progress on retailer roll-out, new beverages, marketing materials and rebranded websites. Based on Phivida’s progress toward finalizing supply contracts with several national retailers, management is confident in an Oki product line retail launch across more than 1,000 outlets in early Q2 2019. In addition, a new Oki beverages production run is slated for March 2019 to support expected demand. The company also provided marketing and social initiatives for…

Continue Reading

ThursdayJan 31, 2019 11:18 am

CannabisNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQB: PLPRF) Secures and Expands Lead in California Edibles Market with Best-Selling Products

Leading California edibles manufacturer Plus Products Inc. (CSE: PLUS) (OTCQB: PLPRF) this morning announced that it has secured its position as the best-selling cannabis-infused edibles brand in California, and, over the prior quarter, it has widened its lead over the number two brand.  Per the update, the positioning is based on BDS Analytics retail sales data for Q4 2018, when PLUS had three of the best-selling branded products in all categories, including flower, vaporizers, edibles and topicals. In addition, PLUS Uplift and PLUS Restore remained the top two best-selling SKUs, and PLUS CBD Relief was the top CBD-only and fifth…

Continue Reading

ThursdayJan 31, 2019 11:15 am

CannabisNewsBreaks – FinCanna Capital Corp. (CSE: CALI) (OTCQB: FNNZF) Enters Royalty Agreement with Multi-Brand Infused Products Manufacturer QVI Inc.

Royalty company for the U.S. licensed medical cannabis industry FinCanna Capital Corp. (CSE: CALI) (OTCQB: FNNZF) today announced its entry into a royalty agreement with QVI Inc. (which stands for Quality, Value, Integrity, doing business as “The Galley”), a Sonoma County, California-based cannabis-infused product manufacturer. QVI is strategically located in Sonoma, California, between the famed Emerald Triangle and the greater San Francisco Bay Area, and it is in the process of refitting its 8,300 square foot facility in Santa Rosa for a large-scale commercial kitchen. The facility is planned to have dedicated spaces for baked goods, chocolate products and a…

Continue Reading

TuesdayJan 29, 2019 12:30 pm

CannabisNewsBreaks – TransCanna Holdings Inc. (CSE: TCAN) Enters LOI for Acquisition of Goodfellas Group, LLC

TransCanna Holdings (CSE: TCAN) (XETR: TH8) today announced that it has signed a non-binding letter of intent to acquire a full service advertising and marketing agency for the cannabis and hemp industries, Goodfellas Group, LLC, from which TransCanna is already acquiring 23 branding agreements. 60 percent of acquisition price (two times the previous 12 months revenues, at the time of execution of definitive agreements, as set forth in Goodfellas audited financial statements), will be paid at closing, half of which payable in cash and half payable through the issuance of the company's common shares. The remaining 40 percent of the…

Continue Reading