Breaks Categories: News

TuesdayAug 21, 2018 10:32 am

CBDNewsBreaks – Marijuana Company of America Inc. (MCOA) Issues Update on New Brunswick Joint Venture

Marijuana Company of America Inc. (OTC: MCOA), along with joint venture partner Global Hemp Group Inc. (CSE: GHG) (OTC: GBHPF), this morning issued an update on its CBD hemp farming joint venture in New Brunswick, Canada. The goal of the hemp project is, in part, to produce hemp biomass that can be used for the extraction of cannabinoids. In anticipation of Canada’s implementation of the Cannabis Act on October 17, 2018, which will allow for the processing of the entire hemp plant, MCOA and Global Hemp Group have commenced preparation work at the 4,000 sq. ft. Bathurst facility to facilitate…

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TuesdayAug 21, 2018 10:29 am

CBDNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Enters Definitive Agreement to Acquire HemPoland

Cannabis-focused research and development company The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) this morning announced that it has signed a definitive agreement to acquire 100% of the issued and outstanding shares of HemPoland in an immediately accretive cash and share transaction. HemPoland is a European manufacturer and marketer of premium organic CBD oils. In addition to providing the company with a route into the European market, this strategic acquisition gives TGOD access to HemPoland’s immense distribution network, premium Cannabigold brand and advanced hemp oil extraction technologies. The acquisition cost is comprised of $7.75 million in cash and…

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TuesdayAug 21, 2018 9:55 am

CBDNewsBreaks – VIVO Cannabis Inc. (TSX.V: VIVO) (OTCQB: ABCCF) Announces Agreement to Supply Cannabis Products in Ontario

VIVO Cannabis Inc. (TSX.V: VIVO) (OTCQB: ABCCF) this morning announced that it has completed an agreement with the Ontario Cannabis Store (“OCS”) to supply the province with high-quality cannabis products. Per the update, VIVO is expected to supply the Ontario market with a total of 16 cannabis products to meet anticipated demand in the adult-use recreational cannabis sector, which is set to open on October 17, 2018. “The agreement with OCS is a significant milestone and we are confident that cannabis consumers in Ontario will appreciate our high-quality branded products,” Barry Fishman, CEO of VIVO, stated in the news release.…

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TuesdayAug 21, 2018 9:29 am

CBDNewsBreaks – SinglePoint, Inc. (SING) Reaches Fully Reporting Status; Posts Q2 Financial Results

SinglePoint (OTCQB: SING) this morning announced that it has achieved fully reporting status by filing Form 10-12G. The company also reported year-over-year progresses for the second quarter and six months ended June 30, 2018. The company reported a revenue increase of almost 100% from the second quarter of 2017 to the second quarter of 2018. The company attributes its revenue of over $500,000 during the first six months of 2018 primarily to numerous positive acquisitions. SinglePoint aims to continue fast-tracking revenue growth through strategic acquisitions and anticipates further organic growth. “As a fully reporting company, I believe we will have…

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MondayAug 20, 2018 9:41 am

CBDNewsBreaks – ChineseInvestors.com, Inc. (CIIX) Announces Launch of Direct Selling Initiative through CBD Biotechnology Co. Ltd.

ChineseInvestors.com, Inc. (OTCQB: CIIX), the premier financial information website for Chinese-speaking investors, this morning announced that its wholly owned foreign enterprise, CBD Biotechnology Co. Ltd., has launched a two-tier direct selling initiative to accelerate its CBD sales into China. The company also announced its appointment of marketing expert Fengxian Xie as president of its CBD Community Center in Shanghai, effective immediately. Per the update, the goal of the CBD Community Center initiative is to establish a new, effective marketing channel to further stimulate demand for CBD Biotech’s innovative CBD-infused skin care products. “I am honored to have been chosen to…

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MondayAug 20, 2018 9:27 am

CBDNewsBreaks – Phivida Holdings Inc. (CSE: VIDA) (OTCQX: PHVAF) Awarded DTC and CNS Eligibility for US-Listed Shares

Phivida Holdings Inc. (CSE: VIDA) (OTCQX: PHVAF) this morning announced that it has been awarded Depository Trust Company (DTC) and Continuous-Net-Settlement (CNS) eligibility for its common shares listed on the OTCQX® Best Market. Per the update, the DTC manages the electronic clearing and settlement agency serving publicly traded companies in the U.S., providing an electronic method of clearing securities that speeds up the receipt of stock and cash while accelerating the settlement process. CNS, on the other hand, is an automated book-entry accounting system that aims to centralize the settlement of security transactions while maintaining an orderly flow of security…

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FridayAug 17, 2018 1:39 pm

CBDNewsBreaks – Agritek Holdings, Inc. (AGTK) Requests Form 10-Q Report Extension for Fiscal Period Ended June 30, 2018

Cannabis-focused real estate investment company Agritek Holdings, Inc. (OTCQB: AGTK) yesterday announced its filing of an extension in order to properly file its Form 10-Q for the period ended June 30, 2018. Per the update, the company attributes the delay to multiple new corporate developments, including recent debt consolidation and related financings aimed at increasing asset value. “We have every intention of filing our 10Q Report and have always remained fully reporting over the last several years to maintain our uplisting on the OTCQB,” B. Michael Friedman, CEO of Agritek, stated in the news release. “Management is working diligently with…

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WednesdayAug 15, 2018 2:22 pm

CBDNewsBreaks –The Flowr Corp. Secures Sales License from Health Canada

The Flowr Corp., a cultivator of premium cannabis in Canada, recently announced that it has received its sales license from Health Canada enabling the company to sell to the Canadian medical and adult-use recreational markets. Initially, Flowr will offer two brands: FlowrRx and Flowr. FlowrRx is a premium quality medicinal cannabis that empowers patients to live improved, fuller lives. The company’s premium recreational adult-use brand, Flowr, will serve the recreational market when it opens in October. “We’re pleased to have successfully completed the rigorous Health Canada sales licensing process and are excited to begin offering consumers and patients the high-quality…

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WednesdayAug 15, 2018 12:13 pm

CBDNewsBreaks – Phivida Holdings Inc. (CSE: VIDA) (OTCQX: PHVAF) and WeedMD Inc. (TSX-V: WMD) (OTC: WDDMF) (FSE: 4WE) Ink Definitive JV Agreement to Develop Cannabis Beverages Inc.

Phivida Holdings (CSE: VIDA) (OTCQX: PHVAF), together with WeedMD (TSX-V: WMD) (OTC: WDDMF) (FSE: 4WE), this morning announced that the companies have signed a final definitive Joint Venture (“JV”) agreement to develop and operate Cannabis Beverages Inc. (“CanBev”). The strategic partnership positions CanBev as an early mover in the cannabis-infused beverage market, with each company retaining 50% each of the Class A shares in the new company. CanBev’s Board of Directors will be comprised of five individuals, two nominated by each company and one independent director. The partners have agreed to fund capital requirements of CanBev equally, beginning with initial…

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WednesdayAug 15, 2018 11:25 am

CBDNewsBreaks – PreveCeutical Medical Inc. (CSE: PREV) (OTCQB: PRVCF) (FSE: 18H) Inks Licensing Agreement with Asterion Cannabis; Engages Monster Media to Provide IR Services

Health sciences company PreveCeutical Medical (CSE: PREV) (OTCQB: PRVCF) (FSE: 18H) this morning announced that it has signed an agreement with Asterion Cannabis Inc. to acquire a worldwide license to use, manufacture, distribute and sell three Health Canada approved natural health products. Per the terms of the licensing agreement, Asterion has granted PreveCeutical a non-exclusive license to use Asterion's intellectual property to make or have made, use, distribute, sell, offer to sell and promote the products in exchange for a royalty fee payable to Asterion equaling 20% of the gross sales. The licensing agreement’s initial term is five years and…

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