CannabisNewsBreaks

ThursdayJan 17, 2019 11:02 am

CannabisNewsBreaks – Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) Secures Up to $12M Altria Group Investment in DehydraTECH Technology

Biotechnology company and drug delivery platform innovator Lexaria Bioscience (CSE: LXX) (OTCQX: LXRP) today announced that its wholly owned subsidiary, Lexaria Nicotine LLC, has entered into a definitive agreement with Altria Group Inc. (NYSE: MO) to fund the research and development of Lexaria’s patented DehydraTECH technology. The company’s DehydraTECH enhances the performance of ingestible products’ beneficial compounds across four categories that include taste and smell, speed of action, bio-absorption and bioavailability. According to the update, the partnership will explore innovation in oral, reduced-risk nicotine products for consumers, as well as potentially commercialize DehydraTECH for oral nicotine delivery. “This is an…

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ThursdayJan 17, 2019 10:17 am

CannabisNewsBreaks – Canopy Rivers Inc. (TSX.V: RIV) (OTC: CNPOF) Appoints President with Strategic Career Pedigree

Canopy Rivers (TSX.V: RIV) (OTC: CNPOF) this morning announced that it has appointed Narbe Alexandrian as president of the company, effective immediately. In this role, Alexandrian will report directly to CEO Bruce Linton with responsibilities that include leading corporate development initiatives and managing day-to-day corporate operations. Alexandrian’s experience prior to joining Canopy Rivers includes serving as a venture capitalist at OMERS Ventures, where he sourced and lead private debt and equity investments, assisted in raising over half a billion in capital for deployment in several of the firm’s investment funds, and acted as a board observer for several of the…

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ThursdayJan 17, 2019 9:52 am

CannabisNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQB: PLPRF) Launches Fourth Edition of Consumer Favorite Pink Lemonade Cannabis-Infused Gummies, National Parks Foundation to Receive Portion of Proceeds

Leading California edibles manufacturer Plus Products (CSE: PLUS) (OTCQB: PLPRF) this morning announced that it will create the fourth limited edition of its infused gummies - Pink Lemonade. Available for a limited time at select California dispensaries, a portion of this year’s launch proceeds will be donated to the National Parks Foundation. The Pink Lemonade product strikes a balance between sweet and tangy, providing a twist on a classic flavor and precise dosing of 3.5mg of THC and 1.5mg CBD. “Many people ask us how we come up with our new limited-edition flavors and the answer is, our customers. Pink…

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ThursdayJan 17, 2019 9:22 am

CannabisNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTC: TGODF) Names Chief Science Officer

The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF), a cannabis-focused research and development company, today announced the appointment of Dr. Rav Kumar, PhD as Chief Science Officer. Dr. Kumar will utilize his more than 25 years of experience in the pharmaceutical industry to lead TGOD’s Science & Innovation Division. He will also oversee all science-related initiatives, including its science portfolio of global product lines for patients and consumers, driving innovation from concept to commercialization. “We are incredibly excited to welcome Dr. Kumar to TGOD. He is a proven and seasoned senior executive with extensive international pharmaceutical experience in developing…

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WednesdayJan 16, 2019 2:48 pm

CannabisNewsBreaks – The Supreme Cannabis Company Inc. (TSX.V: FIRE) (OTC: SPRWF) (FRA: 53S1) to Serve the Canadian Cannabis Industry through Consulting Agreement with Khalifa Kush Enterprises

The Supreme Cannabis Company (TSX.V: FIRE) (OTC: SPRWF) (FRA: 53S1) recently executed an exclusive consulting agreement with Khalifa Kush Enterprises Canada ULC, an affiliate of Wiz Khalifa’s Khalifa Kush Enterprises (“KKE”). SPRWF intends to develop and launch a line of premium cannabis products into the emergent Canadian market under the KKE brand. A recent article discussing the company reads, “Supreme Cannabis will have exclusive rights to the KKE brand within Canada. It will also have exclusive rights to potential expansion into global markets. This will depend on approval from KKE, as well as the legal status of the products in…

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WednesdayJan 16, 2019 2:02 pm

CannabisNewsBreaks – Icon Exploration Inc. (TSX.V: IEX.H) Employing a Vertical Integration Strategy, Targeting the Cannabis Sector

Employing a vertical integration strategy, Icon Exploration (TSX.V: IEX.H) is preparing to begin operations in cannabis cultivation, refining and extraction and retail. An article discussing the company reads, “Icon has been acquiring top talent, as well. Its management team now includes a master grower with cannabis-industry experience to manage indoor grow operations, as well as an extraction expert whose expertise in developing and launching new products was honed while working in Washington state’s cannabis sector. In addition, negotiations are currently in progress with a private company that is seeking 37 retail cannabis licenses in Alberta, Canada, and discussions with various…

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TuesdayJan 15, 2019 12:54 pm

CannabisNewsBreaks – Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) Subsidiary Enters Definitive Investment Agreement with Altria Ventures Inc.

Drug delivery platform innovator Lexaria Bioscience (CSE: LXX) (OTCQX: LXRP) today announced that its wholly-owned subsidiary Lexaria Nicotine LLC has executed a definitive agreement with Altria Ventures Inc., an indirect wholly owned subsidiary of Altria Group, Inc. (NYSE: MO), to pursue innovation in oral, reduced risk nicotine consumer products using Lexaria's patented DehydraTECH™ technology. In exchange for a minority equity interest in Lexaria Nicotine and DehydraTECH™ license rights for oral nicotine delivery forms on an exclusive basis in the US and a non-exclusive basis elsewhere globally, Altria will fund a milestone-based research & development ("R&D") program to be executed by…

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MondayJan 14, 2019 9:45 am

CannabisNewsBreaks – Canopy Rivers Inc. (TSX.V: RIV) (OTC: CNPOF) Invests in Greenhouse Juice Company

Cannabis-focused investment and operating firm Canopy Rivers Inc. (TSX.V: RIV) (OTC: CNPOF) this morning announced its investment in Greenhouse Juice Company, a dynamic plant-based food and beverage company. Per the update, Canopy Rivers has committed $9 million in a convertible debt financing package that includes secured and unsecured debt, warrant coverage and board representation rights. Greenhouse is expected to leverage proceeds from this financing to supplement its national expansion and initiatives for the development of natural health and wellness beverages infused with cannabidiol. “As a plant-based health and wellness brand, Greenhouse is excited to continue our mission by expanding across…

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FridayJan 11, 2019 12:39 pm

CannabisNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQB: PLPRF) Reinforces its Position in the California Edibles Space through Acquisition

Leading California edibles manufacturer Plus Products (CSE: PLUS) (OTCQB: PLPRF) recently reported the completion of the acquisition of GOOD CO-OP Inc., a California-based cannabis-infused baked goods brand. A recent article discussing the company reads, “This acquisition is expected to enable Plus to solidify its top position in the edibles field (http://cnw.fm/hNsP3). … The acquisition is valued at approximately C$2.03 million and will be satisfied through the issuance of 357,464 restricted subordinate voting shares of Plus. … Currently, Plus ranks as the leading edibles brand in California, and its primary focus is within one of the largest edibles categories – gummies.…

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ThursdayJan 10, 2019 11:23 am

CannabisNewsBreaks – TransCanna Holdings Inc. (CSE: TCAN) Closes IPO Generating $2.2M in Gross Proceeds

TransCanna Holdings (CSE: TCAN) announced the January 8, 2019 completion of its initial public offering (“IPO”) of 4,400,000 units, issued at a price of $0.50 per unit, which generated aggregate gross proceeds of $2,200,000 pursuant to a December 10, 2018 prospectus. Each unit is comprised of one TransCanna common share and one common share purchase warrant. Each warrant entitles the holder to acquire one additional share at an exercise price of $1 per share until January 8, 2020, under the condition that if the price of the shares on the Canadian Securities Exchange ("CSE") closes at or above $1.50 for…

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