CannabisNewsBreaks

MondayNov 05, 2018 12:13 pm

CannabisNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Driving Opportunities for Growth through Acquisitions

Cannabis-focused research and development company The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) recently acquired HemPoland, increasing its opportunities for growth in the European market as part of the company’s international strategy. An article discussing the acquisition reads, “According to The Green Organic Dutchman CEO Brian Athaide, the transaction is a key milestone in the company’s long-term acquisition strategy. It delivers immediate revenue to shareholders while opening up a new vertical for the company. It also provides evidence of the company’s growth toward its goal of having operations in 12 countries on three continents by the end of…

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MondayNov 05, 2018 10:43 am

CannabisNewsBreaks – Aurora Cannabis Inc. (TSX: ACB) (NYSE: ACB) Increases Investment in Choom Holdings Inc. (CSE: CHOO) (OTCQB: CHOOF)

British Columbia-based fully-integrated cannabis company Choom Holdings (CSE: CHOO) (OTCQB: CHOOF), together with Aurora Cannabis Inc. (TSX: ACB) (NYSE: ACB), this morning announced that the companies have completed a non-brokered private placement of a debenture in the principal amount of $20,000,000 in Choom by Aurora, convertible into common shares of Choom at a conversion price of $1.25 per share, with a four year maturity date. The unsecured convertible debenture is subject to a minimum conversion amount of $5,000,000. Following the expiration of the hold period, if the volume weighted average trading price ("VWAP") of the common shares on the CSE…

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FridayNov 02, 2018 12:20 pm

CannabisNewsBreaks – The Flowr Corporation (TSX.V: FLWR) Receives Speculative Buy Rating, $5 Price Target from Clarus Securities

The Flowr Corporation (TSX.V: FLWR), a vertically integrated Canadian cannabis company headquartered in Markham, Ontario with a Kelowna, British Columbia-based production facility, is making a name for itself in the booming cannabis sector. FLWR was recently covered in a research report by Clarus Securities, which was then highlighted in a recent article published by CantechLetter.com, titled ‘The Flowr Corporation could be a big winner in the cannabis space, Clarus Securities says’. The research report describes the company as “one of the very few Canadian licensed producers of cannabis with experience in successfully scaling indoor cultivation of premium product.” Clarus Securities…

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FridayNov 02, 2018 10:06 am

CannabisNewsBreaks – Phivida Holdings Inc. (CSE: VIDA) (OTCQX: PHVAF) Appoints Senior VP, Distribution to Drive Brand Growth, Market Presence

Hemp-cultivated cannabinoid innovator Phivida Holdings (CSE: VIDA) (OTCQX: PHVAF) announced the appointment of its new Senior Vice President, Distribution Greg McCauley. McCauley’s experience spans over 30 years in the consumer products industry, serving in roles with major brands including Jägermeister, Muscle Milk and Red Bull. His experience, skills and network position will assist Phivida in driving product growth, initially with the launch of its Oki brand and to optimize its presence in the rapidly-growing premium functional food and beverage market. "Phivida is delighted that Greg will be joining our team to work with us on this next exciting stage of…

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MondayOct 29, 2018 3:50 pm

CannabisNewsBreaks – Plus Products Inc. (CSE: PLUS) Completes IPO; Begins Trading on the Canadian Securities Exchange

Plus Products (CSE: PLUS) has successfully completed its initial public offering (“IPO”) of 6,153,847 subordinate voting shares at a price of CAD $3.25 per share. The offering resulted in total gross proceeds to the company of CAD $20,000,002.75. Canaccord Genuity Corp., Haywood Securities Inc. and PI Financial Corp. acted as agents for the IPO. PLUS has granted the agents 297,784 non-transferrable share purchase warrants that are exercisable into one subordinate voting share in the capital of the company at the price of CAD $3.25 each for a period of 24 months. The agents also received a fee equal to 6%…

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MondayOct 29, 2018 1:24 pm

CannabisNewsBreaks – Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) Holds Robust IP Portfolio Protecting DehydraTECH Technology

Lexaria Bioscience’s (CSE: LXX) (OTCQX: LXRP) drug delivery platform DehydraTECH employs its patented technology to improve bio-absorption and bioavailability of active ingredients while covering unpleasant tastes. A recent article discussing the company’s technology reads, “Lexaria’s disruptive DehydraTECH drug delivery platform is protected by a robust suite of patents granted or pending worldwide. It has been proven effective in multiple international studies in greatly assisting rapidity and quantity of absorption of a range of lipophilic (i.e., fat-soluble), bioactive molecules – such as those contained in cannabinoids (CBD), nicotine, non-steroidal anti-inflammatory drugs (NSAIDs) and other molecules. DehydraTECH offers a healthier, oral ingestion…

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FridayOct 26, 2018 9:30 am

CannabisNewsBreaks – The Flowr Corporation (TSX.V: FLWR) Appoints CEO to Board of Directors; Engages Independent Trading Group, Inc.

The Flowr Corp. (TSX.V: FLWR), a Canadian Licensed Producer of premium cannabis products, has appointed the company’s CEO, Vinay Tolia, to its Board of Directors. Tolia will be replacing David Towill, who is stepping down from the company’s board effective October 26, 2018. In addition, FLWR has engaged Independent Trading Group Inc. (“ITG”) to provide market maintenance services in compliance with the guidelines of the TSX Venture Exchange and other relevant legislation. FLWR will pay CAD $5,000 per month to ITG during the period of the agreement, which will last a minimum of three months. The primary reason for the…

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ThursdayOct 25, 2018 10:47 am

CannabisNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Details Definitive Agreement for TGOD Acquisition Corp. Spin-off

Cannabis-focused research and development company The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF), alongside wholly owned subsidiary TGOD Acquisition Corporation (“SpinCo”), this morning announced entry into a definitive agreement pursuant to which the company will move forward with the previously announced spin-off transaction, subject to the terms and conditions of the arrangement agreement. Per the update, TGOD will distribute to its shareholders unit purchase warrants of SpinCo by way of a court-approved plan of arrangement. Pursuant to the arrangement, TGOD shareholders of record as of the distribution date will receive 0.15 percent of one SpinCo Unit Warrant for…

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TuesdayOct 23, 2018 11:15 am

CannabisNewsBreaks – The Flowr Corporation (TSX.V: FLWR) Aiming High in Recreational Market with Clean, Radiation-Free Cannabis

The Flowr Corporation (TSX.V: FLWR), headquartered in Markham, Ontario with a Kelowna, British Columbia-based production facility, aims to stand out from other players in the legal cannabis industry with clean, radiation-free product. The company’s new 50,000 sq. ft. research and development facility is the result of an exclusive venture with Scotts Miracle-Gro Company (NYSE: SMG) subsidiary Hawthorne Gardening Company focused on gardening products and systems. An article published by The Growth Op describes the facility as “the birthplace of advanced cultivation techniques and systems,” with capabilities to grow clean, non-irradiated flower. Per the article, the company intends to release 80…

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TuesdayOct 23, 2018 10:46 am

CannabisNewsBreaks – Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) CEO Discusses New Subsidiaries, Intellectual Property in Interview on Uptick Newswire’s Stock Day Podcast

Lexaria Bioscience (CSE: LXX) (OTCQX: LXRP), a drug delivery platform innovator that has developed and out-licenses its disruptive delivery technology, was recently featured on Uptick Newswire’s Stock Day Podcast. Chairman of the Board and CEO Chris Bunka provided an update regarding Lexaria’s licenses and technology. “Lexaria has been somewhat of a pioneer in this aspect of the business. We have been beating the drum on intellectual property since we began in 2014,” Bunka stated in the interview. “We now have over 50 patents outstanding in over 40 countries around the world. Our IP suite is one of the biggest and…

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