CannabisNewsBreaks Archive - Page 72 of 217

WednesdaySep 09, 2020 1:44 pm

CannabisNewsBreaks – One Cannabis Door Closes, New Ones Open for Former Canopy Growth Corporation (TSX: WEED) (NYSE: CGC) CEO

Former Canopy Growth (TSX: WEED) (NYSE: CGC) co-founder and co-CEO Bruce Linton was featured in a recent Yahoo! Finance article by Zack Guzman. The piece details “a smattering of new roles” Linton has landed within the cannabis industry since being “ousted” by Canopy’s board, which Guzman describes as having become increasingly controlled by investor and beer conglomerate Constellation Brands Inc. (NYSE: STZ). The cannabis pioneer will reportedly be joining, in an advisor capacity, many smaller companies, as well as “trying his hand as an activist investor” for SLANG Worldwide Inc. (OTC: SLGWF) – a global cannabis consumer packaged goods company.…

WednesdaySep 09, 2020 12:18 pm

CannabisNewsBreaks – The Alkaline Water Company Inc. (NASDAQ: WTER) (CSE: WTER) Executive to Present at Three September Conferences

The Alkaline Water Company (NASDAQ: WTER) (CSE: WTER), a producer of premium bottled alkaline water, flavor-infused waters, and CBD-infused products, has announced that WTER president and CEO Richard Wright is slated to present at several virtual investor conferences scheduled for September. Those conferences include the H.C. Wainwright 22nd annual Global Investment Conference, where Wright will conduct an analyst-moderated fireside chat on Sept. 15 and the company will participate in one-on-one meetings throughout the three-day conference; the Sidoti Fall 2020 Virtual Investor Conference, where Wright will be presenting on Sept. 23 and the company will be participating in one-on-one meetings Sept. 23–24; and…

WednesdaySep 09, 2020 11:11 am

CannabisNewsBreaks – Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Effects Debenture Amendments

Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) today announced that the previously disclosed amendments to the terms of its outstanding 6.0% senior unsecured subordinated convertible debentures issued in October 2018 have been effected. According to the update, the company, in consideration of the reduction of the principal amount of the debentures by $63.5 million, among other considerations, issued an aggregate of 116.6 million common shares and $10,769 principal amount of accretion debentures to debentureholders. In addition, the company entered into a supplemental trust indenture to implement the amendments. To view the full press release, visit http://cnw.fm/iHbgL About Supreme…

TuesdaySep 08, 2020 9:56 am

CannabisNewsBreaks – Willow Biosciences Inc. (TSX: WLLW) (OTCQX: CANSF) to Receive Advisory Services, Funding for Rare Cannabinoid Development Platform

Willow Biosciences (TSX: WLLW) (OTCQX: CANSF), today announced that its subsidiary, Willow Analytics Inc., will receive advisory services and conditional funding from the National Research Council of Canada Industrial Research Assistance Program ("NRC IRAP") supporting a research and development project to advance production of its varin cannabinoids using its proprietary biosynthetic platform. "We welcome the advice and funding from NRC IRAP to support our rare cannabinoid development platform," said Dr. Mathias Schuetz, Willow's vice president of Research and Development, in the news release. "This support is an important catalyst for us to advance our strain development capabilities and will enable…

FridaySep 04, 2020 10:17 am

CannabisNewsBreaks – Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Announces Scheduled Release of Q4 and Year-End 2020 Results

Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1), on Thursday announced that it will be reporting its fourth quarter financial results for the three months and year ended June 30, 2020 after markets close on Thursday, September 24, 2020. According to the update, the company will host a conference call to discuss the results at 8:00 a.m. Eastern Time on Friday September 25, 2020. Interested parties may join the call by dialing 416-764-8659 or 1-888-664-6392 and entering conference ID 36043231. The call can also be accessed through the following webcast link: https://bit.ly/2GffGyf. \To view the full press release, visit…

ThursdaySep 03, 2020 2:54 pm

CannabisNewsBreaks – Pure Extract Technologies Inc. Ramping Up for White-Label Production

Pure Extract Technologies, a private, plant-based extraction company, will soon be launching white-label production as part of its core services. Upon Health Canada approval of its standard processing license, the company, an expert in extraction, will offer white-label solutions based on custom formulating high-quality oils sourced from both cannabis and hemp-biomass products. A recent article discussing this reads, “As a leading extraction company, Pure Extracts is able to rapidly develop and commercialize extraction systems for plant-based medicine products. The company has a centralized 10,000-square-foot facility built to EU-GMP standards and designed for proprietary and white-label production; the facility is located…

ThursdaySep 03, 2020 1:25 pm

CannabisNewsBreaks – Pac Roots Cannabis Corp. (CSE: PACR) Announces Closing of First Tranche of Private Placement

Pac Roots (CSE: PACR), a Canadian cannabis company dedicated to producing premium-quality strains and products by leveraging a genetics-focused approach, today confirmed the closing of the first tranche of its previously announced non-brokered private placement. According to the update, aggregate gross proceeds of C$470,750.00 were raised in the first tranche through the issuance of 1,883,000 units. Each unit consists of one share and one warrant, exercisable at C$0.40 per share for 24 months from issuance. Pac Roots intends to close additional tranches of the private placement over the coming weeks that will, in aggregate with the first tranche, raise gross…

ThursdaySep 03, 2020 10:52 am

CannabisNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) Announces Launch of New Brand – PLUS SLEEP

Plus Products (CSE: PLUS) (OTCQX: PLPRF), a cannabis- and hemp-branded products company in the U.S., today announced the launch of its new PLUS SLEEP brand into the California adult-use market. According to the update, the product line contains four key ingredients to promote good sleep: THC, CBN, CBD, and melatonin. “Each cannabinoid was selected for how it promotes better sleep, but together they have the potential to be greater than the sum of their parts. This is often referred to as the entourage effect*,” said Dr. Ari Mackler, chief scientific officer of Plus Products, in the press release. “We also…

WednesdaySep 02, 2020 3:08 pm

CannabisNewsBreaks – Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) Announces Filing of Prospectus Supplement

Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF), today announced that, further to the previously disclosed amendments to the terms of its outstanding 6.0% senior unsecured subordinated convertible debentures issued in October 2018, it has filed a prospectus supplement that qualifies the issuance of up to 58,300,000 common shares of the company to holders of debentures (“debentureholders”) residing in eligible jurisdictions. According to the update, in consideration of the reduction of the principal amount of the debentures by $63.5 million, among other considerations, the company will issue an aggregate of 116.6 million common shares ("consideration shares") to debentureholders. Debentureholders residing in…

WednesdaySep 02, 2020 12:01 pm

CannabisNewsBreaks – Halo Labs Inc. (NEO: HALO) (OTCQX: AGEEF) (Germany: A9KN) Announces Strong Sales Trend, California and Oregon Operations Growth

Halo Labs Inc. (NEO: HALO) (OTCQX: AGEEF) (Germany: A9KN) today announced that retail sales of the company’s Hush(TM) branded products continue to grow in the states of California and Oregon. According to the update, aggregate unaudited total revenues were approximately $2.18 million in July. In addition, unaudited revenues from sales to dispensaries were $1.94 million, reflecting the largest monthly sales in the company’s history. “Our California and Oregon operations are growing and the sales trend is strong, as we expand the assortment and bolster distribution channels—even as the COVID-19 pandemic challenged the economy from mid-March 2020,” said Kiran Sidhu, CEO…

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