CannabisNewsBreaks

ThursdayDec 19, 2019 9:21 am

CannabisNewsBreaks – Green Growth Brands Inc.’s (CSE: GGB) (OTCQB: GGBXF) CAMP Animal Face Solventless Rosin Receives Awards at Jack Herer Cup, High Times Cup

Lifestyle-oriented cannabis company Green Growth Brands (CSE: GGB) (OTCQB: GGBXF) this morning announced that its CAMP Animal Face Solventless Rosin received two awards during the week of December 9, 2019. The product was credited as best Indica vape pen cartridge at the Jack Herer Cup Las Vegas and recognized as best vape pen cartridge at the High Times Nevada Cup. “The recognition of CAMP by both the Jack Herer Cup and High Times is a truly meaningful accomplishment. Our Head Processor, Aaron Nino, and his team, along with our cultivation, merchant, and marketing teams, are doing remarkable work to bring…

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WednesdayDec 18, 2019 2:12 pm

CannabisNewsBreaks – Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) Terminates Proposed Business Combination to Focus on Rapidly Expanding CBD & MSO Businesses

Lifestyle-oriented cannabis company Green Growth Brands (CSE: GGB) (OTCQB: GGBXF) this morning reported the termination of its proposed business combination as the market adapts to the shifting macro environment. Green Growth Brands has agreed to repay the advance of $5 million by January 31, 2020 and to reimburse Moxie $4 million in deal fees on or before July 1, 2020, with both payments to be made in cash. There is no break fee to be paid in connection with the termination. The company plans to continue its aggressive growth strategy in both the MSO and CBD businesses. Green Growth’s MSO…

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WednesdayDec 18, 2019 12:20 pm

CannabisNewsBreaks – Isracann Biosciences Inc. (CSE: IPOT) (XFRA: A2PT0E) (OTC: ISCNF) Enters MOU to Complete Cannabis Cultivation Facility Buildout

Isracann Biosciences (CSE: IPOT) (XFRA: A2PT0E) (OTC: ISCNF), an Israel-based company focused on becoming a premier low cost, high quality cannabis producer for both domestic and European export sales, on Tuesday announced its entrance into a memorandum of understanding (“MOU”) for a joint venture (“JV”) with a late stage cannabis farm in Israel. The JV is intended to complete a late stage buildout of a cannabis cultivation facility in an agricultural center proximal to several licensed producers (“LP’s”) west of Be’er Sheva, Israel (the “Be’er Sheva Farm”). Pursuant to the JV, Isracann will capitalize the buildout of the remaining construction…

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WednesdayDec 18, 2019 11:23 am

CannabisNewsBreaks – Supreme Cannabis Company, Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Expands Distribution to New Markets

Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) today announced expansion of Canadian distribution to all ten provinces, with select brands to be available in Québec and Newfoundland and Labrador. According to the update, Supreme Cannabis entered into a letter of intent with Société Québécoise du Cannabis ("SQDC") to supply 7ACRES products to retail stores across Québec. The company, on November 21, 2019, also entered into a formal agreement to supply the Newfoundland and Labrador Liquor Corporation ("NLC") with 7ACRES high-end cultivars. “With increased packaging capacity we are pleased to have the recreational supply necessary to serve new consumers…

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FridayDec 13, 2019 3:32 pm

CannabisNewsBreaks – Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) Focuses on Pioneering New Technologies

Lexaria Bioscience (CSE: LXX) (OTCQX: LXRP) is a global innovator in drug-delivery platforms focused on its patented DehydraTECH-based, drug-delivery technology and formulation development. A recent article discussing the company reads, “Earlier this year, Lexaria moved into its new head office that includes a Health Canada-licensed research and development laboratory that is being used to conduct world-leading research into drug-delivery methods and improvements. In addition to accelerating research in the company’s DehydraTECH drug-delivery platform, Lexaria is also considering issuing a limited commercial release of DehydraTECH version 2.0, which has been shown to deliver 811% more CBD into animal blood than generic…

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FridayDec 13, 2019 2:47 pm

CannabisNewsBreaks – HTC Extraction Systems (TSX.V: HTC) Boosts Output Capacity through Kase Farma Inc. Acquisition

HTC Extraction Systems (TSX.V: HTC), a hemp-biomass processing entity, recently increased its capability and institutional knowledge through the acquisition of California-based Kase Farma Inc. An article discussing the company reads, “Kase Farma is active in the cultivation of hemp as well as the formulation and extraction of cannabinoids from hemp; the company is also licensed in the State of California to perform activities in those areas. At present, the company operates out of a 22,000-square-foot manufacturing facility and is currently implementing a scaled-up, high-throughput extraction facility that will utilize identity-preserved-grown (IPGrowTM), hemp-based cannabinoid biomass. IPGrowTM, according to the U.S. Department…

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FridayDec 13, 2019 2:41 pm

CannabisNewsBreaks – Willow Biosciences Inc. (CSE: WLLW) (OTCQB: CANSF) Holds Potential to Supply Biosynthetically Derived Cannabinoids

Willow Biosciences (CSE: WLLW) (OTCQB: CANSF), an emerging biotechnology company focused on the biosynthetic production of cannabinoids, is well positioned to disrupt the cannabis industry supply chain by utilizing its ability to provide biosynthetically derived cannabinoids. A recent article discussing the company reads, “Willow ultimately intends to biosynthetically produce a variety of cannabinoids using biosynthesis, but its first target molecule will be CBD. The company has a fully integrated leadership team based out of Canada and the United States to handle all stages of the upstream cannabinoid development cycle. Additionally, by having two labs in Canada, where cannabis is federally…

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FridayDec 13, 2019 10:07 am

CannabisNewsBreaks – Organigram Holdings Inc. (NASDAQ: OGI) (TSX: OGI) Receives Health Canada Approval for Licensing of 16 Additional Cultivation Rooms Under Cannabis Regulations

Organigram Holdings (NASDAQ: OGI) (TSX: OGI), the parent company of Organigram Inc. (the “company” or “Organigram”), a leading licensed producer of cannabis, today announced the company’s receipt of Health Canada’s approval for the licensing of 16 additional cultivation rooms under the Cannabis Regulations. According to the update, the expanded license was effective as of December 12, 2019, and the new cultivation rooms represent approximately 13,000 kg/yr1 of increased target cultivation capacity. “This is a dynamic time for Organigram and the industry as a whole. Cannabis 2.0 – the legalization of adult use recreational cannabis edibles, vape products, extracts and topicals…

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ThursdayDec 12, 2019 1:27 pm

CannabisNewsBreaks – 1933 Industries Inc. (CSE: TGIF) (OTCQX: TGIFF) Enters Strategic Partnership with Premium Cannabis-Infused Food Brand Pantry for Production of Edibles in Nevada

1933 Industries (CSE: TGIF) (OTCQX: TGIFF), a vertically integrated cannabis consumer packaged goods company, recently announced the execution of a two-year licensing agreement between its subsidiary, Alternative Medicine Association LC ("AMA") and Los Angeles-based The Pantry Company Inc. ("Pantry"). Per the update, the agreement is for the production of edible products in Nevada and adds a new vertical to the company's portfolio of leading cannabis brands. "We are excited to expand our product offering in Nevada with a gourmet line that will set the standard for excellence in edibles,” 1933 Industries CEO Chris Rebentisch said in the news release. “The…

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ThursdayDec 12, 2019 11:23 am

CannabisNewsBreaks – Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Announces Launch of Sugarleaf by 7AC

Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) today announced the launch of Sugarleaf by 7AC ("Sugarleaf"). According to the update, Sugarleaf is Supreme Cannabis' newest introduction of high-quality cannabis experiences to the Canadian marketplace and widens the company's product offerings, targeting consumers who demand a more refined, milder consumption experience. “We are very excited to introduce consumers to Sugarleaf by 7AC. Following on the success of our Blissco brand pre-rolls and our research into consumer preferences, we determined a premium, ready-to-smoke joint would be the perfect product to launch the Sugarleaf line,” Supreme Cannabis CEO Navdeep Dhaliwal said…

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