CannabisNewsBreaks

FridayJun 25, 2021 1:38 pm

CannabisNewsBreaks – Chalice Brands Ltd. (CSE: CHAL) (OTCQB: CHALF) Positioned for Record 2021 Revenue

Chalice Brands (CSE: CHAL) (OTCQB: CHALF) is a consumer-driven cannabis company that recently announced the acquisition of a five-store retail chain (Homegrown Oregon). A Fundamental Research Corp. report initiated coverage for the company, issuing BUY rating and a fair value estimate of C$2.46. The report noted that Chalice Brands’ new management, which includes key team members from Fortune 25 companies, demonstrated their ability by significantly growing CHAL’s revenue and margins in 2020. “The report also pointed to CHAL’s 2020 revenues, which were $22 million, a 39% year-over-year increase through organic growth, as well as the fact that its Q4 2020…

Continue Reading

FridayJun 25, 2021 1:26 pm

CannabisNewsBreaks – BevCanna Enterprises Inc.’s (CSE: BEV) (OTCQB: BVNNF) (FSE:7BC) TRACE Meets New Demographic Through Strategic Agreement

BevCanna Enterprises (CSE: BEV) (OTCQB: BVNNF) (FSE: 7BC), a diversified health and wellness beverage and natural products company, recently announced expanded distribution of its TRACE products into the United States through a new agreement with leading wholesaler Benefit Brand Management. BevCanna creates, manufactures and globally distributes iconic beverages that resonate with health-conscious consumers. Its TRACE line of beverages and nutraceuticals are sourced from deep within the Rocky Mountains of interior British Columbia and developed based on a proprietary plant-based formula rich in iron, magnesium, calcium and potassium. The products are designed to appeal to consumers seeking mineral supplementation as a…

Continue Reading

ThursdayJun 24, 2021 1:50 pm

CannabisNewsBreaks – Pure Extracts Technologies Corp. (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ) Enters Medicinal Cannabis Space Through Strategic Agreement

Pure Extracts Technologies (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ), a plant-based extraction company focused on cannabis, hemp, functional mushrooms and the rapidly emerging psychedelic sector, together with Canada House Wellness Group (CSE: CHV), a fully integrated medical cannabis company, have entered into a medical supply agreement. Under the agreement, Canada House’s wholly owned subsidiary, Abba Medix Corp., will purchase Pure Extracts’ full line of concentrate products for sale to its established medical patient base. “This agreement marks our entry into the medical cannabis space, which will make a significant revenue contribution starting in Q4 and ramping-up in 2022,” said Pure…

Continue Reading

ThursdayJun 24, 2021 12:41 pm

CannabisNewsBreaks – Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) Featured in Editorial as ‘Super State’ Operator

Red White & Bloom Brands (CSE: RWB) (OTCQX: RWBYF), a multistate cannabis operator and house of premium brands, is spotlighted in an editorial broadcast titled “A Lesson in Cannabis: Second Mover Can Be Better Position.” A press release announcing the broadcast observes that, while many look at first-mover status as an optimal position, there can be some advantages to learning from those acting first in an industry. “Look what happened to MySpace and AIM (AOL Instant Messenger) as they faded to irrelevance as Snapchat, TikTok and Instagram exploded in popularity to challenge incumbent platforms,” the press release states. “Second movers…

Continue Reading

WednesdayJun 23, 2021 1:01 pm

CannabisNewsBreaks — Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) Featured in Article Discussing Cannabis Leaders and Lessons

Red White & Bloom Brands (CSE: RWB) (OTCQX: RWBYF), a multistate cannabis operator and house of premium brands, is featured in an editorial published by NetworkNewsWire (“NNW”), one of 50+ trusted brands within the InvestorBrandNetwork (“IBN”), a multifaceted financial news and publishing company for private and public entities. The article, titled “A Lesson in Cannabis: Second Mover Can Be Better Position,” looks at what companies looking to grow in the cannabis market can learn from pioneers in the space. “Even though medical marijuana had been legal in some U.S. states for more than a decade, the substance didn’t gain much recognition until…

Continue Reading

TuesdayJun 22, 2021 1:21 pm

CannabisNewsBreaks – XPhyto Therapeutics Corp. (CSE: XPHY) (OTCQB: XPHYF) (FSE: 4XT) Advancing Rotigotine Development Program for Parkinson’s

XPhyto Therapeutics (CSE: XPHY) (OTCQB: XPHYF) (FSE: 4XT), a bioscience technology accelerator, recently announced its drug formulation and development, conducted primarily by its wholly owned German subsidiary, Vektor Pharma TF GmbH, are on schedule and continue to expand in scope. A recent article reads, “A Q1 trial announced in January 2021 and focusing on a human bioavailability pilot study of the Rotigotine transdermal patch for Parkinson’s Disease was completed in March 2021. Due to the favorable outcome of the study, the Rotigotine development program will be advanced to include a pivotal human trial.” The article, which documented XPhyto’s advancements so…

Continue Reading

MondayJun 21, 2021 2:05 pm

CannabisNewsBreaks – Pac Roots Cannabis Corp. (CSE: PACR) (OTCQB: PACRF) (FSE: 4XM) on Mission to ‘Deliver the Finest Genetics to Canadians’

Pac Roots (CSE: PACR) (OTCQB: PACRF) (FSE: 4XM), a Canadian company dedicated to producing premium-quality strains and products by leveraging a genetics-focused approach, is committed to quality and excellence, as evidenced by its mantra: quality over quantity. “Pac Roots is focused on elite genetics development and maximizes the quality of its offerings by keeping yields and profit margins high,” reads a recent article. “The company also leverages key partnerships to ensure the superiority of its products. ‘Our mission is to deliver the finest genetics to Canadians,’ the company states. ‘Preserving the excellence of our elite strains while introducing the highest…

Continue Reading

MondayJun 21, 2021 1:40 pm

CannabisNewsBreaks – RYAH Group Inc. (CSE: RYAH) Partnering to Improve Standard of Care, Provide Turnkey Solutions in Plant-Based Medicine

RYAH Group (CSE: RYAH), a connected device and big data and technology company, is working with doctors as well as government and university research centers to reduce the variations in treatment plans and trials. The company, which has developed and uses dose-measuring internet-of-things (“IoT”) devices to collect HIPPA-compliant data to improve future medical treatments, is guided by the need to transform patient care. Key to this focus is utilizing big data and AI to reshape how the world understands plant-based medicine. A recent article reads, “RYAH partners with doctors to improve the standard of care for patients and researchers to…

Continue Reading

ThursdayJun 17, 2021 3:50 pm

CannabisNewsBreaks – Chalice Brands Ltd. (CSE: CHAL) (OTCQB: CHALF) Eyes ‘Record-Breaking Second Half of 2021’

Chalice Brands (CSE: CHAL) (OTCQB: CHALF), a consumer-driven cannabis company in medicinal and recreational marijuana market segments, recently released its financial and operating results for Q1 2021. A recent article reads, “The company reported record quarterly revenues from continuing operations of $5.5 million, an 18% year-over-year increase compared to $4.7 million for the same period in 2020, and gross profit for the quarter of $2.5 million, or 45% gross margin, compared to $1.7 million, or 37% gross margin, in 2020. In addition, the report noted that adjusted EBITDA of approximately 7%, or $370,000, continues the trend from Q4 2020, demonstrating…

Continue Reading

ThursdayJun 17, 2021 12:29 pm

CannabisNewsBreaks – Pure Extracts Technologies Corp. (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ) Announces Shipment of Initial Vape Cartridge Order to Alberta

Pure Extracts Technologies (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ), a plant-based extraction company focused on cannabis, hemp, functional mushrooms and the rapidly emerging psychedelic sector, has shipped its first order of vape cartridges to Alberta. The shipment was made through PRXTF’s wholly owned subsidiary, Pure Extracts Manufacturing Corp., which developed the proprietary one-gram, full-spectrum oil (“FSO”) vape cartridge. The cartridges were shipped to Alberta Gaming, Liquor & Cannabis (“AGLC”), the company’s distribution partner in the province. According to the announcement, consumer demand for Pure Extracts’ Pure Pulls branded 510 vape cartridges within the provincial markets is robust. The order consisted…

Continue Reading