CannabisNewsBreaks

TuesdayFeb 04, 2020 1:13 pm

CannabisNewsBreaks – Cannara Biotech Inc. (CSE: LOVE) (OTCQB: LOVFF) (FRA: 8CB) Receives Cultivation License for Purpose-Built Farnham Facility

Cannara Biotech Inc. (CSE: LOVE) (OTCQB: LOVFF) (FRA: 8CB), an emerging vertically integrated cannabis company focused on indoor cultivation, processing and medical sale of premium dried cannabis and cannabis derivatives under The Cannabis Act, recently announced the receipt of its cultivation license from Health Canada for Phase 1 of its purpose-built Farnham Facility, in Québec. "After many months of diligent preparation, today's milestone will allow us to start cultivation immediately and to advance our goal of becoming the premiere grower of cannabis in Québec and in due course, the rest of Canada," Cannara Biotech (Quebec) Inc. COO Barry Laxer said…

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MondayFeb 03, 2020 11:26 am

CannabisNewsBreaks – Jushi Holdings Inc. (CSE: JUSH) (OTCQX: JUSHF) Announces Upsizing of Financing, Working Capital to Continue Progress on Growth Objectives and Expansion Efforts

Jushi Holdings (CSE: JUSH) (OTCQX: JUSHF), a globally-focused, multi-state cannabis and hemp operator, today announced the receipt of $35.65 million in proceeds and $9.56m of exchanged debt in connection with the Company's previously announced debt financing. "We are pleased with the upsizing of our financing providing working capital that will allow Jushi to continue making progress on its growth objectives and expansion efforts into 2020 and beyond,” Jushi Chairman and CEO Jim Cacioppo said in the news release. “This capital will support our continued investment in each territory we are currently operating in, positioning Jushi to achieve US$200 to $250…

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ThursdayJan 30, 2020 1:53 pm

CannabisNewsBreaks – California Gold Mining Inc. (CSE: CGM) (OTCQX: CFGMF) Executes Second Sale Agreement for Finished Products Produced from Wholly-Owned Hemp Biomass

California Gold Mining (CSE: CGM) (OTCQX: CFGMF) on Wednesday announced its execution of an agreement with a North Carolina-based private hemp-CBD production company for the sale of CBD Isolate produced from the company's wholly-owned, high-CBD hemp biomass. Per the update, the agreement is in addition to one previously announced on January 15, 2020 related to the sale of the company's Zero-THC Distillate. “The execution of a second sale agreement within a few days of executing the first is a testament to the high quality of CGM's various refined products, and management's commitment to achieving positive cash flow in Q1 2020,”…

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ThursdayJan 30, 2020 11:55 am

CannabisNewsBreaks – Supreme Cannabis Company, Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) to Release Q2 Earnings on February 13, 2020

Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1), a global diversified portfolio of distinct cannabis companies, products and brands, today announced its planned release of its second quarter financial results for the three months ended December 31, 2019. According to the update, Supreme Cannabis will release the results after markets close on February 13, 2020. To view the full press release, visit http://cnw.fm/1F2fq About Supreme Cannabis. The Supreme Cannabis Company, Inc., (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1), is a global diversified portfolio of distinct cannabis companies, products and brands. Since 2014, the Company has emerged as one of the…

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WednesdayJan 29, 2020 1:52 pm

CannabisNewsBreaks – Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) Technology Accelerates Delivery of CBD into Bloodstream

Lexaria Bioscience’s (CSE: LXX) (OTCQX: LXRP) 2.0 version of its patented DehydraTECH(TM) oral drug-delivery technology has demonstrated its power to deliver more cannabidiol (“CBD”) into the bloodstream than generic industry-control formulations (http://cnw.fm/4wHA6). An article discussing the company reads, “The company’s 2.0 technology is specifically being developed for effectiveness in helping to deliver its drug payload across the blood-brain barrier, a natural biological system of blood vessels and endothelial cells that bar most drugs from accessing the brain’s central-nervous-system hierarchy. The ability to effectively deliver drugs to the brain is of keen interest to developers of drugs designed to beneficially target the…

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WednesdayJan 29, 2020 9:48 am

CannabisNewsBreaks – HTC Extraction Systems (TSX.V: HTC) (OTCQB: HTPRF) Closes Deal to Purchase Hemp Extraction Company Kase Farma Inc.

HTC Extraction Systems (TSX.V: HTC) (OTCQB: HTPRF), a hemp-biomass processing entity, this morning announced the closing of its previously announced share and purchase agreement (“SPA”) with Starling Brands, Inc., a party at arm's length to HTC, pursuant to which HTC purchased all the issued and outstanding shares of Kase Farma Inc. Kase Farma, which is authorized to operate in the areas of hemp cultivation, extraction, refining and formulation in the State of California, is now a wholly owned subsidiary of HTC. In accordance with the agreement, the company retains the management services of Starling, led by highly regarded experts in…

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TuesdayJan 28, 2020 2:00 pm

CannabisNewsBreaks – TerrAscend Corp. (CSE: TER) (OTCQX: TRSSF) Announces Changes to Executive Leadership Team

Global cannabis company TerrAscend (CSE: TER) (OTCQX: TRSSF) this morning announced that it has made modifications to its leadership team in coordination with the company’s focus on its rapidly scaling U.S. retail, manufacturing, and distribution operations. Michael Nashat has stepped down as CEO but will continue to serve as a member of the Board of Directors and act as a strategic advisor to the company. Jason Ackerman, executive chairman of the company, has been named interim CEO. “While it was a difficult decision, I believe given TerrAscend's premier operating assets in the United States, it is now time for me…

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MondayJan 27, 2020 1:02 pm

CannabisNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) to Present at MjInvest.com’s MjMicro Virtual Investor Conference

MjLink.com Inc., a wholly owned subsidiary of Social Life Network, Inc. (OTCQB:WDLF), today announced Plus Products (CSE: PLUS) (OTCQX: PLPRF) as a Featured Presenter at its MjMicro Virtual Investor Conference hosted by MjInvest on Wednesday, January 29 at 12:30 p.m. ET. According to the update, the event provides both public and private cannabis companies a platform to pitch and present their stories to investors through an online virtual conference, while providing a unique opportunity for private and institutional investors access and deal-flow to the best-in-class cannabis companies in the world. During the virtual conference, Plus Products Co-Founder, CEO and Director…

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FridayJan 24, 2020 2:36 pm

CannabisNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQB: PLPRF) Establishing Itself as Strong CPG Company in California Market

Plus Products (CSE: PLUS) (OTCQB: PLPRF), a hemp and cannabis food company using nature to bring balance to consumers’ lives, is executing a strategy to become the world’s strongest cannabis brand by establishing itself as a strong Consumer Packaged Goods (“CPG”) company in California. Following its success in the Golden State, the company plans to move on to new markets, products and consumers (http://cnw.fm/O0fDc). An article discussing the company reads, “In identifying key steps in its plan, PLUS conducted extensive research. As a result, PLUS noted that the strongest companies in the world are typically built by focusing on becoming the…

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FridayJan 24, 2020 2:25 pm

CannabisNewsBreaks – HTC Extraction Systems (TSX.V: HTC) (OTCQB: HTPRF) Holds Strong Position in Billion-Dollar CBD Extraction Market

HTC Extraction Systems (TSX.V: HTC) (OTCQB: HTPRF), a hemp-biomass processing entity, is leveraging its patented Delta Purification(TM) technology that reduces cannabidiol (“CBD”) waste during the extraction process to position itself for success in the booming market. A recent article discussing the company reads, “A hemp biomass cultivation, extraction, formulation and refining entity, HTC is a force to be reckoned with in the CBD extraction market, as U.S. sales of hemp-based CBD products are projected to reach $22 billion by 2022, up from $591 million in 2018 (http://cnw.fm/NSdf3). CBD derivatives alone are expected to generate $900 million in 2020 (http://cnw.fm/pEBb3). These include…

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