CannabisNewsBreaks Archive - Page 197 of 217

ThursdayMay 03, 2018 11:06 am

CannabisNewsBreaks – Sunniva Inc. (CSE: SNN) (OTCQX: SNNVF) Chooses Okanagan Falls Property for Canadian Facility

Vertically integrated medical cannabis company Sunniva (CSE: SNN) (OTCQX: SNNVF) this morning announced that after reviewing several options, it has chosen a 126 acre Okanagan Falls, British Columbia site to build its Canadian facility. Sunniva Medical Inc., a wholly-owned subsidiary of the company, has entered into a purchase and sale agreement to obtain the entire 126-acre industrial zoned property for $7 million. Closing of the acquisition is conditional to certain due diligence items and other conditions customary in transactions of this nature, although the company’s preliminary due diligence review of the property has been completed. Close of the transaction is…

ThursdayMay 03, 2018 9:43 am

CannabisNewsBreaks – ABcann Global Corp. (TSX.V: ABCN) (OTCQB: ABCCF) Issues Update Detailing 2018 Growth Strategy

Pharmaceutical-grade cannabis company ABcann Global Corp. (TSX.V: ABCN) (OTCQB: ABCCF) this morning issued a business update. “Over the past two quarters, we have enhanced our leadership team, strengthened our balance sheet, improved operational effectiveness, and made significant commercial advancements,” Barry Fishman, CEO of ABcann, stated in the news release. “ABcann is well-positioned, with approximately $130 million in cash, to accelerate the growth of our business.” Per the update, the company’s management team has formulated a growth strategy for 2018 that is focused on several key areas, including expansion of its production capacity, a go-to-market strategy that centers on rebranding the…

ThursdayMay 03, 2018 9:30 am

CannabisNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) Announces Engagement of CFN Media Group

Cannabis-focused research and development company The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) this morning announced that it has engaged CFN Media Group, the leading agency and financial media network dedicated to the North American cannabis industry, to conduct a six-month investor market visibility program to begin on May 3, 2018. “The Green Organic Dutchman is preparing to commercialize one of the largest land packages in Canada in conjunction with leading industry alliance partners like Eaton, Ledcor, and Aurora Cannabis,” Frank Lane, president of CFN Media, stated in the news release. “The company is building a 970,000 sq. ft. facility…

WednesdayMay 02, 2018 11:02 am

CannabisNewsBreaks – Pivot Pharmaceuticals Inc. (CSE: PVOT) (OTCQB: PVOTF) (FRA: NPAT) Targets Several Indications with Wide-ranging Product Pipeline

Vancouver-based biopharmaceutical company Pivot Pharmaceuticals (CSE: PVOT) (OTCQB: PVOTF) (FRA: NPAT) that currently has numerous pharmaceutical and nutraceutical products in its development pipeline. An article discussing the company reads: “Pivot has a number of products in its pipeline that are in various stages of development. These target therapies for pain, inflammation, dermatology, eye disease and cancer supportive care. PGS-N005 is a cannabidiol (CBD)-based topical cream to treat female sexual dysfunction, a disorder that is estimated to affect up to 63 percent of women in the United States (http://cnw.fm/vhE86). The market for female sexual dysfunction disorder therapies is estimated to be…

WednesdayMay 02, 2018 9:34 am

CannabisNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) Begins Trading on the Toronto Stock Exchange

Cannabis-focused research and development company The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) this morning announced that it has successfully completed an initial public offering of 31.51 million units for total gross proceeds of more than $115 million. Each unit consists of one common share and one-half of one common share purchase warrant. Each warrant is exercisable into one common share of the company at the price of $7.00 per share for a period of two years, subject to an acceleration right. Per the update, Aurora Cannabis Inc. (TSX: ACB) (OTCQX: ACBFF) elected to exercise its full participation right in…

TuesdayMay 01, 2018 1:43 pm

CannabisNewsBreaks – Choom Holdings Inc. (CSE: CHOO) (OTCQB: CHOOF) to Close Acquisition of Island Green Cure

British Columbia-based cannabis cultivation firm Choom Holdings Inc. (CSE: CHOO) (OTCQB: CHOOF) recently announced that on May 2, 2018, the company intends to close the acquisition of Island Green Cure Ltd. ("IGC"), an advanced-stage cannabis production license applicant under Health Canada's Access to Cannabis for Medical Purposes Regulations (“ACMPR”). In accordance with the closing, Choom will issue 8,000,000 common shares to the shareholders of IGC and issue 500,000 common shares to a finder. A consultant or related parities of the consultant will receive 536,000 common shares, as a shareholder of IGC, and 500,000 common shares as a finder, which will…

TuesdayMay 01, 2018 11:19 am

CannabisNewsBreaks – Sunniva Inc. (CSE: SNN) (OTCQX: SNNVF) Reports Fiscal 2017 Financial, Operational Results

Vertically integrated medical cannabis company Sunniva (CSE: SNN) (OTCQX: SNNVF) recently reported its financial and operational results for the three months and year ended December 31, 2017. Sunniva completed its first year with a total of C$16.1 million in revenue, primarily generated from its two acquisitions during the period, Natural Health Services (“NHS”) and Full-Scale Distributors, LLC (“FSD”), which contributed C$11.3 million and C$4.8 million in revenue, respectively. Among other highlights of the period, the company acquired 20 acres of land in Cathedral City, California, and 18 licenses to produce and distribute cannabis in California. Other milestones for the year…

TuesdayMay 01, 2018 10:03 am

CannabisNewsBreaks – Global Hemp Group, Inc. (CSE: GHG) (FRA: GHG) (OTC: GBHPF) and Marijuana Company of America, Inc. (MCOA) Acquire Property in Oregon for Hemp Cultivation

British Columbia-based hemp cultivation company Global Hemp Group (CSE: GHG) (FRANKFURT: GHG) (OTC: GBHPF) this morning announced that the company, together with its partner Marijuana Company of America (OTC: MCOA), has acquired a 109-acre agricultural property for the cultivation of high CBD yielding hemp for the approaching 2018 growing season. The Scio, Oregon property contains a high level of organic matter in the soil, ideal for hemp cultivation, and has a history of hemp cultivation over the last two growing seasons. The companies acquired the property for US $1.1 million, which is comprised of a cash down payment of $130,000…

TuesdayMay 01, 2018 9:28 am

CannabisNewsBreaks – Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) Renews Licensing Agreement with Nuka Enterprises

Drug delivery platform innovator Lexaria Bioscience Corp. (CSE: LXX) (OTCQB: LXRP) recently announced a new licensing agreement with Nuka Enterprises LLC to renew Nuka’s DehydraTECH™ license rights for use in its 1906 brand of cannabis chocolates. Nuka and 1906 have also acquired new rights in product categories in addition to the original chocolate formats, including candies, beverages, capsules and pills, and topical creams. “Nuka’s success with the 1906 brand of cannabis chocolates - recognized for their fast onset times, efficacy, taste and unique formulations – clearly demonstrate the market potential for DehydraTECH™. This comprehensive, long-term relationship between Nuka and Lexaria…

MondayApr 30, 2018 12:26 pm

CannabisNewsBreaks – The Green Organic Dutchman Holdings Ltd. Increases Units Offered in IPO

The Green Organic Dutchman Holdings Ltd., also known as TGOD, this morning announced that it has filed an amended and restated final long form prospectus to increase its initial public offering (“IPO”) of units of the company in response to the increased investor demand. The company is a producer of high quality, organic cannabis with sustainable, all-natural principles that is licensed under the Access to Cannabis for Medical Purposes Regulations (“ACMPR”). TGOD is dedicated to becoming the global leader in delivering organic cannabis solutions while setting the industry standard in sustainability. The company holds a unique position in Canada as…

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