Breaks Categories: News

FridayMay 04, 2018 10:58 am

CBDNewsBreaks – Emerald Health Therapeutics (TSXV: EMH) (OTCQX: EMHTF) (Frankfurt: TBD) Acquires ACMPR Licensed Cannabis Producer

Emerald Health Therapeutics (TSXV: EMH) (OTCQX: EMHTF) (Frankfurt: TBD) recently announced that it has acquired all issued and outstanding securities of Saint-Eustache, Québec-based 8611165 Canada Inc., an Access to Cannabis for Medical Purposes Regulations (“ACMPR”) licensed producer and its affiliate 9353-8460 Québec Inc. (together, “Agro-Biotech”). Per the terms of the acquisition, Emerald will pay a total purchase price of $90 million to the shareholders of Agro-Biotech, half of which will be paid in cash with the remaining half to be paid in shares. Half of the cash consideration was paid upon closing and the balance will be payable on May…

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FridayMay 04, 2018 9:22 am

CBDNewsBreaks – Marijuana Company of America, Inc. (MCOA) Announces hempSMART™ Brand’s Engagement of Verve Integrative

Marijuana Company of America (OTC: MCOA), an innovative hemp and cannabis corporation, this morning announced that H Smart, Inc., a wholly-owned subsidiary of the company, has engaged Kim Castle of Verve Integrative to produce a market strategy and manage a direct response television (“DRTV”) ad campaign to promote its hempSMART™ product line. The company intends to air the resulting television commercial for the hempSMART™ Pet Drops on cable networks in select regions nationally this summer. The company’s budget for the DRTV program is approximately $100,000. MCOA believes that, together with its recently announced EPCO direct sales marketing campaign, the DRTV…

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ThursdayMay 03, 2018 11:50 am

CBDNewsBreaks – PreveCeutical Medical Inc. (CSE: PREV) (OTCQB: PRVCF) (FSE: 18H) Obtains Additional Permits from Australian Government for Cannabis Importation

Health sciences company PreveCeutical Medical (CSE: PREV) (OTCQB: PRVCF) (FSE: 18H) this morning announced that it has been granted two additional permits by the Australian Government, Department of Health, for the importation of a second shipment of cannabis plant materials for research purposes and the shipment of dried cannabis materials in accordance with the permits. The permits, which have been granted to the Pharmacy Australia Centre of Excellence (“PACE”) at the University of Queensland, enable PACE to import cannabis plant material shipments for research purposes. The company’s Canadian licensed producer partner also obtained the mandatory Canadian permits to export their…

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ThursdayMay 03, 2018 11:22 am

CBDNewsBreaks – Choom Holdings Inc. (CSE: CHOO) (OTCQB: CHOOF) Announces Close of Island Green Cure Acquisition

British Columbia-based cannabis cultivation firm Choom Holdings Inc. (CSE: CHOO) (OTCQB: CHOOF) this morning announced that it has closed its acquisition of Island Green Cure Ltd. (“IGC”), an advanced-stage cannabis production license applicant under Health Canada’s Access to Cannabis for Medical Purposes Regulations. Pursuant to the closing, Choom will issue eight million common shares to the shareholders of IGC and 500,000 common shares to a finder. In a January news release detailing the IGC acquisition, Chris Bogart, president and CEO of Choom, stated, “Upon completion of the tenant improvements, [Island Green Cure Ltd.] will submit its evidence package to Health…

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ThursdayMay 03, 2018 11:06 am

CBDNewsBreaks – Sunniva Inc. (CSE: SNN) (OTCQX: SNNVF) Chooses Okanagan Falls Property for Canadian Facility

Vertically integrated medical cannabis company Sunniva (CSE: SNN) (OTCQX: SNNVF) this morning announced that after reviewing several options, it has chosen a 126 acre Okanagan Falls, British Columbia site to build its Canadian facility. Sunniva Medical Inc., a wholly-owned subsidiary of the company, has entered into a purchase and sale agreement to obtain the entire 126-acre industrial zoned property for $7 million. Closing of the acquisition is conditional to certain due diligence items and other conditions customary in transactions of this nature, although the company’s preliminary due diligence review of the property has been completed. Close of the transaction is…

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ThursdayMay 03, 2018 10:30 am

CBDNewsBreaks – EVIO, Inc. (EVIO) Subsidiary Closes Acquisition of Stake in Keystone Labs Inc.

EVIO, Inc. (OTCQB: EVIO), a leading provider of cannabis testing and scientific research for the regulated cannabis industry, this morning announced that its wholly owned Canadian subsidiary, EVIO Canada, has closed its acquisition of 50% stake in Keystone Labs Inc., a privately held Heath Canada accredited testing facility with a GMP establishment license. "We are excited to have completed this transaction and add Keystone Labs to our portfolio," William Waldrop, CEO of EVIO, stated in the news release. "In Canada, cannabis is federally legal, however, there is a limited number of testing facilities licensed to provide services. Keystone Labs has…

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ThursdayMay 03, 2018 9:43 am

CBDNewsBreaks – ABcann Global Corp. (TSX.V: ABCN) (OTCQB: ABCCF) Issues Update Detailing 2018 Growth Strategy

Pharmaceutical-grade cannabis company ABcann Global Corp. (TSX.V: ABCN) (OTCQB: ABCCF) this morning issued a business update. “Over the past two quarters, we have enhanced our leadership team, strengthened our balance sheet, improved operational effectiveness, and made significant commercial advancements,” Barry Fishman, CEO of ABcann, stated in the news release. “ABcann is well-positioned, with approximately $130 million in cash, to accelerate the growth of our business.” Per the update, the company’s management team has formulated a growth strategy for 2018 that is focused on several key areas, including expansion of its production capacity, a go-to-market strategy that centers on rebranding the…

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ThursdayMay 03, 2018 9:30 am

CBDNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) Announces Engagement of CFN Media Group

Cannabis-focused research and development company The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) this morning announced that it has engaged CFN Media Group, the leading agency and financial media network dedicated to the North American cannabis industry, to conduct a six-month investor market visibility program to begin on May 3, 2018. “The Green Organic Dutchman is preparing to commercialize one of the largest land packages in Canada in conjunction with leading industry alliance partners like Eaton, Ledcor, and Aurora Cannabis,” Frank Lane, president of CFN Media, stated in the news release. “The company is building a 970,000 sq. ft. facility…

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ThursdayMay 03, 2018 9:22 am

CBDNewsBreaks – Global Payout, Inc. (GOHE) Announces MoneyTrac Technology’s New Office Space in Las Vegas

Payment solutions company Global Payout, Inc. (OTC: GOHE) this morning announced that MoneyTrac Technology, Inc. (“MTRAC”), a company in which GOHE currently holds an 18 percent ownership stake, recently announced that it has transitioned into a significantly larger and more resourceful call center location in Las Vegas, NV, through its sublease with GOHE. The transition is the result of MTRAC’s efforts to grow its inside sales, marketing, and customer care departments in Las Vegas. The new location doubles MTRAC’s potential capacity, providing enough space to add up to 25 sales and customer support representatives. The new office space will also…

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WednesdayMay 02, 2018 9:34 am

CBDNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) Begins Trading on the Toronto Stock Exchange

Cannabis-focused research and development company The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) this morning announced that it has successfully completed an initial public offering of 31.51 million units for total gross proceeds of more than $115 million. Each unit consists of one common share and one-half of one common share purchase warrant. Each warrant is exercisable into one common share of the company at the price of $7.00 per share for a period of two years, subject to an acceleration right. Per the update, Aurora Cannabis Inc. (TSX: ACB) (OTCQX: ACBFF) elected to exercise its full participation right in…

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