CannabisNewsBreaks

TuesdayJul 31, 2018 11:06 am

CannabisNewsBreaks – Marijuana Company of America Inc. (MCOA) and Global Hemp Group Inc. (CSE: GHG) (OTC: GBHPF) (FRANKFURT: GHG) Issue Update on CBD Farming Project in Scio, Oregon

Marijuana Company of America (OTC: MCOA) and its joint venture (“JV”) partner Global Hemp Group Inc. (CSE: GHG) (OTC: GBHPF) (FRANKFURT: GHG) provided an update this morning on their CBD hemp farming project in Scio, Oregon. The 2018 hemp cultivation at the farm, operating under the name Covered Bridge Acres (“CBA”), is ongoing. Approximately 40,000 high CBD yielding hemp plants have been planted on the lower two fields of the farm, on approximately 33 acres. Six different high CBD yielding hemp cultivars were planted this year, half of which were planted as clones and the other half were grown from…

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TuesdayJul 31, 2018 10:28 am

CannabisNewsBreaks – ABcann Global Corp. (TSX.V: ABCN) (OTCQB: ABCCF) Enters Definitive Agreement to Acquire Canna Farms Ltd.

Globally licensed cannabis company ABcann Global Corp. (TSX.V: ABCN) (OTCQB: ABCCF) this morning announced its entrance into a definitive agreement to acquire 100% of the issued and outstanding share capital of Canna Farms Limited, a premium cannabis company in British Columbia. The acquisition enables the two complementary businesses to leverage their strengths prior to the opening of the Canadian adult-use market in the fall. The transaction value of approximately $133 million will be comprised of $22 million in cash and 92.5 million ABcann shares. The shares will be released from escrow in six month increments over a total of 30…

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TuesdayJul 31, 2018 9:55 am

CannabisNewsBreaks – Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) Enters Definitive Agreement with Hill Street Beverage Company, Inc. (TSXV: BEER)

Drug delivery platform innovator Lexaria Bioscience (CSE: LXX) (OTCQB: LXRP), together with Hill Street Beverage Company (TSXV: BEER), this morning announced that the companies have signed a definitive agreement to license Lexaria's DehydraTECH™ for five years on a semi-exclusive basis to produce a line of cannabis-infused alcohol-free beverages to be distributed in Canada following regulatory approval. The purchase price shall be partially paid to Lexaria in common shares in the capital of Hill Street totaling $56,250, which is equal to 419,982 common shares. The issuance of the shares is subject to regulatory approval. "Hill Street's award-winning and great-tasting wines and…

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MondayJul 30, 2018 10:40 am

CannabisNewsBreaks – The Flowr Corp. Discusses Company Activities in Interview with New Cannabis Ventures

The Flowr Corp. was the subject of a recent article by New Cannabis Ventures highlighting the company’s activities as it prepares to become publicly-listed. CEO Tom Flow and Chairman of the Board and Chief Strategist Steve Klein provided an exclusive interview with New Cannabis Ventures discussing its strategy to compete in the booming Canadian market. Per the article, the company is currently building its 84,000-square-foot flagship facility in Kelowna, British Columbia, which is expected to be complete by year-end with an annual production capacity of 12,000 to 15,000 kilos. The company is also designing other facilities, which will bring Flowr’s…

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FridayJul 27, 2018 9:39 am

CannabisNewsBreaks – ABcann Global Corp. (TSX.V: ABCN) (OTCQB: ABCCF) Introduces FIRESIDE Recreational Cannabis Brand

Globally licensed cannabis company ABcann Global Corp. (TSX.V: ABCN) (OTCQB: ABCCF) this morning announced the introduction of FIRESIDE, its first recreational cannabis brand. Per the update, FIRESIDE has been tailored specifically for social cannabis users, based on extensive research and consumer insights. When the adult-use recreational cannabis market opens to Canadians on October 17, 2018, FIRESIDE products will be available in both dried whole-bud and pre-rolled formats. “Legalization will bring a wide variety of different consumers to cannabis, and many will want a high-quality product without having to be an expert at choosing between strains,” Sung Kang, chief marketing officer…

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ThursdayJul 26, 2018 9:50 am

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

Cannabis-focused research and development company The Green Organic Dutchman Holdings (TSX: TGOD) (OTC: TGODF) this morning announced the appointment of Geoff Riggs as Chief Information Officer. Riggs will help guide the company’s direction on information technology, e-commerce and artificial intelligence strategies to support TGOD’s domestic and global expansion. By utilizing big-data mining and predictive analytics, TGOD intends to optimize all aspects of the company, including product sales forecasting, integrated greenhouse operations, consumer engagement and the development of intellectual property to create an artificial intelligence decision support system for the global cannabis industry. “All modern industries are data driven and the…

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WednesdayJul 25, 2018 2:42 pm

CannabisNewsBreaks – Sunniva Inc.’s (CSE: SNN) (OTCQX: SNNVF) Vertically Integrated Structure Strengthened by Several Subsidiaries

Vertically integrated cannabis company Sunniva Inc. (CSE: SNN) (OTCQX: SNNVF), through several wholly-owned subsidiaries, has operations in cannabis grow facilities, cannabis extraction facilities, medical cannabis clinics and the cannabis white label business. A recent article discussing the company reads: “Sunniva’s seed-to-sale, vertically integrated structure is also bolstered by its Full Scale Distributers (“FSD”) subsidiary, which markets vaporizers and accessories under the Vapor Connoisseur brand. FSD also provides white label packaging and labelling services to over 80 brands in North America, making it a clear leader in the space. It will design custom vapor hardware for any specification of cannabis oil…

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TuesdayJul 24, 2018 11:08 am

CannabisNewsBreaks – PreveCeutical Medical Inc. (CSE: PREV) (OTCQB: PRVCF) (FSE: 18H) Launches Medicinal Cannabis Division

PreveCeutical Medical (CSE: PREV) (OTCQB: PRVCF) (FSE: 18H) this morning announced the launch of a medicinal cannabis division, advancing PreveCeutical’s vision of becoming a global preventive healthcare company. The cannabis division’s responsibilities include bringing various high-quality, medicinal cannabis-based products to market and managing the company's nasal delivery Sol-gel research program as well as any resulting formulations. The cannabis division’s products will include transdermal patches, topical creams, capsules and other methods of administering medicinal cannabis. "The opening of the cannabis division at this crucial moment is very exciting and continues to move the company in an important direction. With Canada's upcoming…

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MondayJul 23, 2018 9:38 am

CannabisNewsBreaks – Phivida Holdings Inc. (CSE: VIDA) (OTC: PHVAF) Issues Corporate Update for Third Quarter of Fiscal 2018

Phivida Holdings Inc. (CSE: VIDA) (OTC: PHVAF) this morning issued a corporate update for the third quarter of fiscal 2018, highlighting the successful transition of its new senior leadership team and its progress toward mainstream commercialization of its portfolio of products and brands. Per the update, Phivida’s recent corporate milestones include the strengthening of corporate governance through new appointments to its board of directors and senior executive management team, advances in product development based on the results of consumer insight research and the implementation of a new national distribution strategy in the wake of positive legislative developments in the U.S.…

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FridayJul 20, 2018 11:38 am

CannabisNewsBreaks – Lexaria Bioscience Corp.’s (CSE: LXX) (OTCQX: LXRP) DehydraTECH™ Platform Continues to Demonstrate its Value

Lexaria Bioscience (CSE: LXX) (OTCQB: LXRP) believes that in the future, up to 80 percent of its total revenue could stem from licensing deals for its patented DehydraTECH™ delivery technology. An article discussing the company reads: “The company’s patented DehydraTECH™ is key to LXRP’s valuation. The technology is being tested in human clinical studies for the delivery of cannabinoids through ingestible means. Results thus far have shown increased absorption rates with reduced time to enter the bloodstream and reported improvements in the taste and smell of edible products. … Lab tests on mice have shown a 50 percent improvement in…

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