Breaks Categories: News

ThursdayMay 17, 2018 1:22 pm

CBDNewsBreaks – Medical Cannabis Payment Solutions (REFG) Acquires State-Licensed Hemp Company

Cannabis-focused financial services company Medical Cannabis Payment Solutions (OTC: REFG) today announced that it has acquired SpeedyGrow, a Wyoming corporation with licenses to grow and process hemp in the state of Colorado. SpeedyGrow focuses primarily on the extraction of full spectrum CBD. Per the update, REFG has also acquired SpeedyVeg, a proprietary, organic soil nutrient with specific benefit to growing healthy plants and maximizing yield. “We weren’t initially anticipating entering this space,” Jeremy Roberts, CEO of REFG, stated in the news release. “But after careful consideration, the opportunity to expand our footprint in the state-sanctioned cannabis space was too good…

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ThursdayMay 17, 2018 11:32 am

CBDNewsBreaks – PreveCeutical Medical Inc. (CSE: PREV) (OTCQB: PRVCF) (FSE: 18H) Shareholders Approve Proposed Forward Stock Split

Health sciences company PreveCeutical Medical Inc. (CSE: PREV) (OTCQB: PRVCF) (FSE: 18H) this morning announced that during its annual general and special meeting of shareholders on May 14, 2018, the proposed forward stock split of PreveCeutical's issued and outstanding common shares on the basis of five new common shares for each one existing common share was approved by the company’s shareholders. Subject to approval by the Canadian Securities Exchange, the record date for the stock split will be May 24, 2018. On or about May 30, 2018, the company's transfer agent will issue the additional number of common shares to…

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ThursdayMay 17, 2018 10:22 am

CBDNewsBreaks – EVIO, Inc. (EVIO) Posts Fiscal Q2 2018 Financial Results

EVIO, Inc. (OTCQB: EVIO), a leading provider of cannabis testing and scientific research for the regulated cannabis industry, recently announced financial and operating results for the quarter and six months ended March 31, 2018. Among other highlights, the company reported revenue for the second quarter of $732,311, a decrease of $56,415 or 12.1% from the second quarter last year. Revenue from the six months ending March 31, 2018, however, was $1,679,176, an increase of $177,997 or 11.9% from the same period in 2017. "EVIO's second quarter focused greatly on broadening the company's portfolio. With our recent private placement of $5.973…

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ThursdayMay 17, 2018 10:19 am

CBDNewsBreaks – Pivot Pharmaceuticals Inc. (CSE: PVOT) (OTCQB: PVOTF) (FRA: NPAT) Subsidiary Enters Manufacturing and Supply Agreement in California

Vancouver-based biopharmaceutical company Pivot Pharmaceuticals Inc. (CSE: PVOT) (OTCQB: PVOTF) (FRA: NPAT) this morning announced that its wholly-owned California subsidiary, Pivot Naturals, LLC, has signed a definitive manufacturing and supply agreement with Stoney LLC, a leading brand of cannabis products in the state of California. Per the terms of the agreement, Stoney has agreed to purchase Pivot’s suite of Ready-To-Infuse-Cannabis (“RTIC”) powderized products, including formulated capsules for targeted effects, bulk powder for baking additives, single serve stick packs and pet food supplements. Order quantities will be determined in rolling 30-day periods commencing in 2018. “I am thrilled to execute our…

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ThursdayMay 17, 2018 9:57 am

CBDNewsBreaks – Marijuana Company of America, Inc. (MCOA) JV Completes Setup of 10,000 sq. ft. Greenhouse Space

Innovative hemp and cannabis corporation Marijuana Company of America (OTC: MCOA) this morning announced the completion of the setup of 10,000 sq. ft. of greenhouse space in its Washington-based joint venture (“JV”) with Bougainville Ventures, Inc. Pending the completion of an anticipated inspection this week, the tenant grower will be able to commence cultivation in the greenhouse space. The setup marks the first 10,000 of an intended 30,000 square foot facility with the capacity to hold approximately 4,000 plants. "As landlords we are looking forward to providing a turnkey property to the first of hopefully many licensed tenants in Washington.…

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ThursdayMay 17, 2018 9:27 am

CBDNewsBreaks – Choom Holdings Inc. (CSE: CHOO) (OTCQB: CHOOF) Forms Board of Advisors

British Columbia-based cannabis cultivation firm Choom Holdings (CSE: CHOO) (OTCQB: CHOOF) this morning named key executives that it has appointed to its Board of Advisors to help drive the brand into Canada's promising recreational marijuana market. Per the update, the newly-appointed advisors are Derek Chan, John Heaney and Bobby Black. "These individuals bring a wealth of knowledge and experience from a variety of industries. Our ability to attract this phenomenal talent is a testament to Choom's vision and strategic plan as we launch our brand in Canada's recreational use cannabis segment. As we rapidly execute our business model we have…

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WednesdayMay 16, 2018 4:20 pm

CBDNewsBreaks – SinglePoint, Inc. (SING) Discusses Recent Supreme Court Ruling on Sports Betting Ruling in Video Podcast

SinglePoint (OTCQB: SING), through a video podcast, recently discussed the Supreme Court’s decision to overturn a 1992 federal law that previously prohibited sports betting in 46 states. SinglePoint CEO Greg Lambrecht and President Wil Ralston discussed how the ruling will affect some of the companies it has invested in, including StakeHaul, the No. 1 downloaded social betting app on the iTunes App Store. “The companies that we invested in two years ago had great traction, great referral programs and great technology in the daily fantasy sports arena,” President Wil Ralston stated in the podcast. “We're really excited that the ruling…

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WednesdayMay 16, 2018 9:50 am

CBDNewsBreaks – Global Payout, Inc. (GOHE) Announces Moneytrac Technology’s Participation at Cannabiz Expo Tech Panel

Payment solutions company Global Payout, Inc. (OTC: GOHE) this morning announced that the technology team from MoneyTrac Technology, Inc., a company in which GOHE currently holds an 18 percent ownership stake, recently participated in a tech panel at the Cannabiz Expo in Los Angeles. Per the update, MoneyTrac observed an immense amount of interest regarding its cashless payment solution powered by GreenBox blockchain technology, MTRAC. “We at MoneyTrac are committed to solving the issues of safety, fiscal compliance, and efficiency for the Cannabis Industry with our unique offering. The technology we are bringing to market will benefit the entire upstream…

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TuesdayMay 15, 2018 12:39 pm

CBDNewsBreaks – Global Hemp Group, Inc. (CSE: GHG) (FRA: GHG) (OTC: GBHPF) and Marijuana Company of America, Inc. (MCOA) Post Update on CBD Hemp Farm Operations

British Columbia-based hemp cultivation company Global Hemp Group (CSE: GHG) (FRANKFURT: GHG) (OTC: GBHPF) and joint venture partner Marijuana Company of America, Inc. (OTC: MCOA) this morning provided an update on the partner’s CBD hemp farming project in Scio, Oregon. Among other highlights, the companies said that garden operations are ongoing at the farm, the initial nursery and propagation rooms has been expanded to an additional attached greenhouse to produce clones for planting in the current season, and an additional 20,000 high yielding CBD hemp clones are being purchased to meet the early June targeted planting schedule. The companies have…

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TuesdayMay 15, 2018 11:54 am

CBDNewsBreaks – SinglePoint, Inc. (SING) Invests in Social Betting App, StakeHaul

SinglePoint (OTCQB: SING) this morning announced that it has invested in StakeHaul, the No. 1 downloaded social betting app on the iTunes App Store (http://cnw.fm/6OWh2). The announcement follows the Supreme Court’s recent decision to overturn a 1992 federal law that previously prohibited sports betting in 46 states. The company intends to work collaboratively with StakeHaul to assist in enabling crypto payment transactions within the application using SinglePoint’s crypto-based payment solution. “While we will continue to focus on cannabis and blockchain opportunities, we are excited that the Supreme Court has ruled in favor of sports betting legalization, giving the companies we…

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