CannabisNewsBreaks

ThursdayApr 19, 2018 9:42 am

CannabisNewsBreaks – Sunniva Inc. (SNNVF) Announces Plans to Release FY2017 Results on April 24

Vertically integrated medical cannabis company Sunniva Inc. (OTCQX: SNNVF) yesterday announced plans to release its fiscal results for the fourth quarter and year ended December 31, 2017, after market close on Tuesday, April 24, 2018. Per the update, the company’s executive management team will discuss the results during a conference call on Wednesday, April 25, 2018, at 11:30 am Eastern Time. Those interested in participating in this call can dial 1-800-319-4610 or 604-638-5340. An audio replay of the call will also be made available for two weeks following its conclusion. To access this replay, interested parties should dial 1-855-669-9658 or…

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ThursdayApr 19, 2018 9:10 am

CannabisNewsBreaks – Choom Holdings Inc. (CSE: CHOO) (OTCQB: CHOOF) Inks Definitive Agreement to Acquire Island Green Cure Ltd.

British Columbia-based cannabis cultivation firm Choom Holdings (CSE: CHOO) (OTCQB: CHOOF) this morning announced that it has entered into a definitive agreement to acquire Island Green Cure Ltd. ("IGC"), an advanced-stage cannabis production license applicant under Health Canada's Access to Cannabis for Medical Purposes Regulations (“ACMPR”). IGC is currently in the "Confirmation of Readiness Stage" in the application process. Subject to customary closing conditions, the acquisition is anticipated to close at the end of April. "We are excited to secure our second acquisition and increase our total production capacity with another craft growing facility to cultivate Choom's premium handcrafted flower.…

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TuesdayApr 17, 2018 11:10 am

CannabisNewsBreaks – Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) Reports Positive Topline Results from DehydraTECH™ Absorption Study

Drug delivery platform innovator Lexaria Bioscience Corp. (CSE: LXX) (OTCQB: LXRP) this morning announced positive topline results following the completion of its first ingestible nicotine in vivo absorption study. The company is pursuing the use of its patented DehydraTECH™ technology as a new nicotine delivery method. The delivery method, in the form of an edible dose absorbed through the gastrointestinal tract, could potentially serve as a nicotine replacement therapy or as an alternative product format for regular tobacco users. Among other highlights, DehydraTECH™ demonstrated major nicotine absorption performance improvements including 1,160% faster delivery of equivalent peak quantities of nicotine to…

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TuesdayApr 17, 2018 10:33 am

CannabisNewsBreaks – Choom Holdings Inc. (CSE: CHOO) (OTCQB: CHOOF) Secures Cannabis Retail Opportunities Throughout Western Canada

British Columbia-based cannabis cultivation firm Choom Holdings Inc. (CSE: CHOO) (OTCQB: CHOOF) this morning announced that it has progressed the build-out of its cannabis retail store network. The company has applied to the Saskatchewan Liquor and Gaming Authority ("SLGA") for cannabis retail permits in 32 Zones across the province. The SLGA is expected to award the permits via lottery by June, 2018. In addition, Choom™ has secured nine retail locations with applications submitted in Alberta and has secured seven retail locations in British Columbia, all of which are subject to necessary governmental approvals being granted. "We have now established a…

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MondayApr 16, 2018 12:05 pm

CannabisNewsBreaks – PreveCeutical Medical Inc. (CSE: PREV) (OTCQB: PRVCF) (FSE: 18H) Conducts Cannabinoid-based Sol-gel Product Research at University of Queensland

Health sciences company PreveCeutical Medical (CSE: PREV) (OTCQB: PRVCF) (FSE: 18H) recently announced the grant of three permits from the Australian government’s Department of Health that enable the importation of cannabis into Australia. The permits, which have been granted to the Pharmacy Australia Centre of Excellence (“PACE”) at the University of Queensland, will allow PACE to import cannabis plant material shipments for research purposes. An article discussing the company reads: “The intention of PreveCeutical is to apply its Sol-gel technology to cannabinoids for the development of therapies to relieve a variety of symptoms, including pain, inflammation, seizures and neurological disorders.…

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MondayApr 16, 2018 10:28 am

CannabisNewsBreaks – Pivot Pharmaceuticals Inc. (CSE: PVOT) (OTCQB: PVOTF) (FRA: NPAT) Terminates LOI for the Acquisition of Agro-Biotech

Vancouver-based biopharmaceutical company Pivot Pharmaceuticals Inc. (CSE: PVOT) (OTCQB: PVOTF) (FRA: NPAT) this morning reported that it has terminated the previously announced letter of intent (“LOI”) that it had entered into for the acquisition of Agro-Biotech. The company is currently reviewing its available legal alternatives to recover the amounts expended by the company in the pursuit of the transaction, as well as additional damages resulting from the non-completion of the transaction. "Despite our extensive efforts, we have been unable to complete the acquisition of Agro-Biotech in accordance with the terms and conditions initially agreed upon by the parties. While we…

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FridayApr 13, 2018 3:35 pm

CannabisNewsBreaks – Pivot Pharmaceuticals Inc. (CSE: PVOT) (OTCQB: PVOTF) (FRA: NPAT) Entering Multi-billion-dollar Industries through Strategic Acquisitions

Vancouver-based biopharmaceutical company Pivot Pharmaceuticals Inc. (CSE: PVOT) (OTCQB: PVOTF) (FRA: NPAT) is developing disruptive formulations for cannabis-infused markets. An article discussing the company reads: “Pivot’s acquisition of California’s ERS Holdings, LLC in February not only strengthened its options for enhanced health and wellness products; the move gave the company added visibility to beverage makers such as beer companies working to mitigate a potential decline in profits as their customers divert discretionary income from alcohol consumption to cannabis consumption. … “The (Ready-To-Infuse-Cannabis technology) family of patents will be transformational for the food and beverage industry. Based on our interaction with…

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WednesdayApr 11, 2018 11:41 am

CannabisNewsBreaks – Choom Holdings Inc. (CSE: CHOO) (OTCQB: CHOOF) to Further Capitalize on the Canadian Cannabis Market with Noteworthy Upcoming Projects

British Columbia-based cannabis cultivation firm Choom Holdings Inc. (CSE: CHOO) (OTCQB: CHOOF) remains focused on branding, building a chain of its own Choom retail dispensaries, positioning its premium brand and acquiring production assets. An article discussing the company’s upcoming projects reads: “Choom has two significant projects. Through its presence in Vernon, British Columbia, it expects phase 1 revenue of $6.6 million, with $15 million from phase 2. A retrofit is scheduled for completion by July 2018, and expansion is planned for the end of 2018. In Vancouver Island, British Columbia, phase 1 potential revenue is estimated at $4.5 million, with…

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WednesdayApr 11, 2018 9:59 am

CannabisNewsBreaks – Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) Announces New Notice of Allowance from US Patent and Trademark Office

Drug delivery platform innovator Lexaria Bioscience Corp. (CSE: LXX) (OTCQB: LXRP) this morning announced that it has received another new Notice of Allowance from the United States Patent and Trademark Office providing claims that protect processes for making specific compositions of matter for enhanced cannabinoid delivery utilizing its DehydraTECH™ technology. This update comes on the heels of the company’s March 22, 2018, announcement of its reception of an additional Notice of Allowance for the compositions of matter. These two Notices of Allowance are expected to become Lexaria’s third and fourth granted patents in the United States. In recent months, Lexaria’s…

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MondayApr 09, 2018 1:00 pm

CannabisNewsBreaks – PreveCeutical Medical Inc. (CSE: PREV) (OTCQB: PRVCF) (FSE: 18H) Schedules 2018 Annual Meeting; Announces Non-Brokered Private Placement

Health sciences company PreveCeutical Medical (CSE: PREV) (OTCQB: PRVCF) (FSE: 18H) this morning announced a non-brokered private placement of up to 16 million units at the price of $0.25 per unit for total gross proceeds of up to CAD$4,000,000. Each unit is comprised of one common share of the company and one warrant with an exercise price of $0.50 per share for a period of 24 months from the closing of the offering. The units are subject to an acceleration provision that enables sooner expiration of the warrants if the closing price of the shares on the Canadian Securities Exchange…

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