CannabisNewsBreaks

ThursdayAug 20, 2020 1:16 pm

CannabisNewsBreaks – MediPharm Labs Corp. (TSX: LABS) Secures C$37.8M in Private Placement

MediPharm Labs (TSX: LABS), a global leader in specialized, research-driven pharmaceutical-quality cannabis extraction, distillation and derivative products, has closed a private placement with an institutional investor for aggregate gross proceeds of C$37,822,500. According to the update, MediPharm Labs intends to use the proceeds for general corporate purposes, including building on the launch of its cannabis 2.0 offerings with new product formats and expanding its product and active pharmaceutical ingredient exports. In addition, the proceeds will strengthen the company’s balance sheet in successful navigation through the economic recession created by the COVID-19 pandemic. Roth Capital Partners acted as sole placement agent…

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ThursdayAug 20, 2020 12:24 pm

CannabisNewsBreaks – The Alkaline Water Company Inc. (CSE: WTER) (NASDAQ: WTER) Appoints Accomplished Brand Strategist as Director of Corporate Marketing

The Alkaline Water Company (CSE: WTER) (NASDAQ: WTER), a producer of premium bottled alkaline and flavored-infused drinking waters and CBD-infused products, today announced its appointment of Rosie Cousino as director of Corporate Marketing. Cousino brings over 20 years of experience working with national brands, including Clorox, Del Monte Foods, Nature Made Vitamins, and, most recently, Medterra CBD. “Rosie is an accomplished CPG marketer and brings a wealth of experience and knowledge to our growing team,” said The Alkaline Water Company president and CEO Ricky Wright in the press release. “She brings a wide range of strategic brand-building knowhow to The…

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WednesdayAug 19, 2020 1:22 pm

CannabisNewsBreaks – Pac Roots Cannabis Corp. (CSE: PACR) Eyes ‘Infinite Development Possibilities’ in $3B Agricultural Region

Pac Roots Cannabis Corp. (CSE: PACR) will soon own and control 250 acres in the Fraser Valley Regional District, one of the most productive areas of Canada with agriculture yielding an annual economic value of more than $3 billion. Under a recent share purchase agreement with 1088070 BC. LTD, Pac Roots will soon acquire all of 1088’s issued and outstanding shares (http://cnw.fm/9xnlW). A recent article regarding this quotes Pac Roots president and CEO Patrick Elliott, who stated, “This land has no zoning restrictions and is not situated within the agricultural land reserve, which provides for infinite development possibilities. The addition of…

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WednesdayAug 19, 2020 10:29 am

CannabisNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) To Release Second Quarter 2020 Financial Results During Aug. 20 Conference Call, Webcast

Plus Products (CSE: PLUS) (OTCQX: PLPRF), a U.S. cannabis and hemp-branded products company, will release its Q2 financial and operations numbers on Aug. 20, 2020, during a 5 p.m. ET conference call and webcast. Following the official presentation, PLUS co-founder and CEO Jake Heimark and CFO Nate Pearson will host a Q&A session. Interested parties are invited to participate by dialing 1-866-220-4156 (in the United States) or 1-864-663-5231 (internationally) or visiting (http://cnw.fm/cEh0G); the conference ID is 9094390. Those who are participating are asked to dial in or log in at least 15 minutes prior to the start of the event.…

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TuesdayAug 18, 2020 1:10 pm

CannabisNewsBreaks – The Alkaline Water Company Inc. (CSE: WTER) (NASDAQ: WTER) A88CBD Product Line Now Available in CBD Plus Retail, Online Locations

The Alkaline Water Company (CSE: WTER) (NASDAQ: WTER) has announced that multistate CBD operator CBD Plus will carry its complete line of A88CBD(TM) topical and ingestible products. A producer of premium bottled alkaline water, flavor-infused waters and CBD-infused products, WTER has partnered with CBD Plus to carry the A88CBD product line in all 142 CBD Plus locations across Texas, Oklahoma, Florida, Tennessee, Kansas, Maryland, Georgia and Arkansas. In addition, A88CBD products can be found on CBD Plus’ online store. “Launching in 142 locations across multiple states with one of the fastest-growing premium CBD retailers is a significant step to expanding our…

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TuesdayAug 18, 2020 9:46 am

CannabisNewsBreaks – Canopy Rivers Inc. (TSX: RIV) (OTC: CNPOF) Announces Date for Annual General and Special Meeting

Canopy Rivers (TSX: RIV) (OTC: CNPOF), today announced that it will hold its annual general and special meeting of shareholders of the company 10 a.m. EDT on September 24, 2020. The meeting will be held at the company’s offices; however, due to health concerns relating to the novel coronavirus and to comply with government and public health directives, Canopy Rivers is urging all shareholders to vote by proxy in advance of the meeting and is discouraging physical attendance. The meeting will be limited to registered shareholders and duly appointed proxyholders only. Shareholders who wish to access and ask questions at…

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FridayAug 14, 2020 1:24 pm

CannabisNewsBreaks – Supreme Cannabis Company, Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) and KKE Canada Announce Amicable Partnership Termination

Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) and Khalifa Kush Enterprises Canada ULC ("KKE") have mutually agreed to terminate their exclusive consulting services agreement entered into on December 6, 2018. According to the update, Supreme Cannabis and KKE amicably part ways in order to re-focus their resources on opportunities in their respective businesses. Supreme Cannabis will continue to address the ultra-premium category through its 7ACRES Craft Collective brand extension, which recently introduced Pink Kush to three new provinces, expanding distribution to Alberta, Manitoba and Saskatchewan. KKE will continue to build its leading premium brand in the U.S. while…

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FridayAug 14, 2020 11:52 am

CannabisNewsBreaks – Canopy Rivers Inc. (TSX: RIV) (OTC: CNPOF) Announces Q1 2021 Financial Results

Canopy Rivers (TSX: RIV) (OTC: CNPOF), today released its unaudited condensed interim consolidated financial statements and management's discussion and analysis ("MD&A") for the three months ended June 30, 2020 ("Q1 2021"). "This quarter, we made a strategic investment in Dynaleo, a cannabis gummies manufacturer that we believe is well-positioned to help Canada's licensed producers and brands catch up to consumer demand for the gummy product format," Narbé Alexandrian, president and CEO of Canopy Rivers, stated in the news release. "We also continued to work closely with our portfolio companies to help resolve some of the unique macroeconomic challenges that emerged…

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FridayAug 14, 2020 9:49 am

CannabisNewsBreaks – The Alkaline Water Company Inc. (CSE: WTER) (NASDAQ: WTER) Announces Record Q1 Revenue of $14.2M

The Alkaline Water Company (CSE: WTER) (NASDAQ: WTER), a producer of premium bottled alkaline and flavored-infused drinking waters and CBD-infused products, on Thursday announced record revenue of $14.2 million for the fiscal first quarter ended June 30, 2020, reflecting an approximate 40% year-over-year and 18% sequential increase. The Alkaline Water Company also reported a 57.3% improvement of earnings per share compared to the prior-year quarter and indicated that July’s purchase orders were the second-highest of any month in the company’s history. “Fiscal 2021 is off to a solid start with strong momentum across all our lifestyle brands. We delivered record…

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ThursdayAug 13, 2020 3:04 pm

CannabisNewsBreaks – Why Pac Roots Cannabis Corp. (CSE: PACR) Is ‘One to Watch’

Pac Roots Cannabis Corp. (CSE: PACR) is a Canadian-based company that leverages a genetics-focused approach in producing premium-quality strains and products. A recent article discussing Pac Roots reads, “The company began operations in 2012, with activities primarily directed toward exploration and development of mineral properties in Canada. Today, it is focused on cannabis and hemp cultivation, leveraging high-end genetics and specialized cultivars to produce top-quality products. Pac Roots has announced multiple promising initiatives in recent months, including its formation of an outdoor, premium-hemp joint venture with partner Rock Creek Farms in British Columbia and its agreement to acquire all issued…

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