Breaks Categories: News

ThursdayMay 09, 2019 11:41 am

CBDNewsBreaks – Canopy Rivers Inc.’s (TSX.V: RIV) (OTC: CNPOF) PharmHouse Enters Significant Supply, Offtake Agreement with Canopy Growth Corp. (TSX: WEED) (NYSE: CGC)

Canopy Rivers (TSX.V: RIV) (OTC: CNPOF) today announced that its 49 percent-owned portfolio company, PharmHouse Inc., has entered into a second offtake agreement with Canopy Growth Corporation (TSX: WEED) (NYSE: CGC) for the purchase of cannabis from its 1.3 million square foot greenhouse facility upon licensing. According to the update, the agreement commits an additional 20 percent of PharmHouse's flowering space, in addition to the 10 percent originally committed in May 2018, to Canopy Growth for the next three years. The agreement provides for the delivery to Canopy Growth a minimum of 25,000 kg and maximum of 45,000 kg of…

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ThursdayMay 09, 2019 10:42 am

CBDNewsBreaks – Phivida Holdings Inc. (CSE: VIDA) (OTCQX: PHVAF) to Expand Into Pet CBD Category with Launch of New Hemp-Derived Product Line

Premium functional food and beverage company Phivida Holdings (CSE: VIDA) (OTCQX: PHVAF) this morning announced its plans to launch a range of hemp-derived CBD pet products. According to the update, Phivida's new product offerings will be consistent with the company’s strong focus on providing consumers with healthy alternatives to pharmaceuticals, and fully natural and plant-based health and wellness solutions. “Our mission is to provide the highest quality Hemp CBD natural wellness products for our consumers,” Phivida president and CEO Jim Bailey stated in the news release. “By expanding into the pet CBD category, our goal is to provide pet owners…

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ThursdayMay 09, 2019 10:26 am

CBDNewsBreaks – TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) Enters Agreement with Persuasion Brewing Co. to Produce CBD-Infused Beverages

TransCanna Holdings (CSE: TCAN) (FSE: TH8) today announced its entry into a non-binding letter of intent (“LOI”) with Persuasion Brewing Co., a Modesto, California-based private brewing company. According to the update, the companies have agreed to establish, within TransCanna’s recently purchased 196,000-square-foot vertically integrated facility, a Persuasion Brewing division that will produce a variety of CBD-infused non-alcoholic beers. Under the LOI, TransCanna will have exclusive rights to the private labeled beers created at the facility. “Our 196,000-square-foot vertically integrated, cannabis-focused facility is perfectly designed to have a comprehensive bottling and canning line for multiple types of beverages,” TransCanna CEO Jim…

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ThursdayMay 09, 2019 9:48 am

CBDNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Obtains Supply Agreement with British Columbia Liquor Distribution Branch

The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF), a cannabis-focused research and development company, this morning announced that it has obtained a cannabis supply agreement with the BC Liquor Distribution Branch ("BCLDB"), under the brand BC Cannabis Stores. The agreement with British Columbia's public retailer of non-medical cannabis was negotiated in collaboration with Velvet Management Inc. “With very positive feedback on TGOD products from our British Columbia medical patients, we are excited to offer our premium certified organic products to the recreational market,” TGODF CEO Brian Athaide stated in the news release. “As our two Canadian production facilities come…

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WednesdayMay 08, 2019 11:46 am

CBDNewsBreaks – Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) to Sell Hemp CBD Products in Select Abercrombie & Fitch Locations

Lifestyle-oriented cannabis company Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) was featured in a Bloomberg article earlier this week concerning the firm’s partnership with Abercrombie & Fitch Co. (NYSE: ANF). As noted in the article, Green Growth will sell its Seventh Sense Botanical Therapy body scrubs, bath bombs, cleansing oils, lotions and lip balms in 10 Abercrombie & Fitch stores in Massachusetts, California, Colorado and Nevada. The Bloomberg piece states that the Seventh Sense Botanical Therapy products are “made with CBD derived from hemp, which was legalized with the U.S. farm bill in December and is said by its…

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WednesdayMay 08, 2019 11:07 am

CBDNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Announces Strategic Investment in Califormulations LLC

Cannabis-focused research and development company The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) this morning announced its strategic investment in the newly-formed Califormulations LLC. Per the update, Califormulations will operate out of Columbus, Georgia, serving global branded companies with concept-to-shelf beverage commercialization support, including formulation development, technical services, in-house pilot scale production and contract manufacturing co-ordination. TGOD is expected to work with Califormulations to expedite the U.S. launch of TGOD-branded organic hemp-based CBD beverages, as permitted by local regulations. “We are incredibly excited to partner with Califormulations to further our development of hemp-based CBD beverage products,” Brian Athaide,…

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WednesdayMay 08, 2019 10:54 am

CBDNewsBreaks – SinglePoint Inc. (SING) Unveils National Distribution Program for Promising CBD Product Companies

Technology and investment company SinglePoint (OTCQB: SING) this morning introduced the new “Strategics” program, a strategic national distribution program that will offer qualified fast-growing CBD product companies a route to attain national retail distribution for their products. The Strategics program is offered in partnership with a national distribution company that has nearly $2 billion in annual sales to mass-market stores as well as various regional and national convenience stores. SinglePoint aims to identify and recruit burgeoning companies that manufacture or distribute CBD retail products that wish to have their products distributed nationally. Strategics program partner companies will have additional benefits…

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WednesdayMay 08, 2019 9:59 am

CBDNewsBreaks – Marijuana Company of America Inc. (MCOA) Outlines Plans to List Subsidiary on Vienna Stock Exchange

Innovative hemp and cannabis corporation Marijuana Company of America Inc. (OTCQB: MCOA) this morning announced that its wholly owned subsidiary, hempSMART Ltd., is taking steps to list on the Vienna Stock Exchange with the goal of raising sufficient capital to expedite the rollout of its hempSMART product line in Europe. In line with this offering, MCOA intends to sell a minority interest in hempSMART Ltd. for up to $10 million. Per the update, the company expects that all necessary steps to trade on the Vienna exchange will be completed by the third quarter of 2019. “We are very excited to…

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WednesdayMay 08, 2019 9:31 am

CBDNewsBreaks – TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) Posts Video Tour of Vertically Integrated Cannabis Facility

TransCanna Holdings (CSE: TCAN) (FSE: TH8) this morning issued an eight-minute video to provide shareholders and investors with a visual tour of its 196,000-square-foot vertically integrated cannabis-focused facility. The company’s chief executive officer, Jim Pakulis, discusses the highlights of the facility in the video presentation. In addition, the company reported that it will be providing an update on its senior management search in the near future. “The TransCanna property is significant and takes in excess of 90 minutes for the complete tour. Our goal was to provide a glimpse of the size and scope of the facility through this video,…

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TuesdayMay 07, 2019 11:41 am

CBDNewsBreaks – VPR Brands LP (VPRB) Releases Full-Year 2018 Financial Results

Innovative technology holding company VPR Brands LP (OTC: VPRB) this morning announced its 2018 full-year financial results. According to the update, the company increased its full-year revenues to approximately $4.6 million while reversing its operating loss of over $888,000 into positive territory above $9,000. In addition, the company’s full-year 2018 gross operating margins of 41 percent reflected a nearly 20 percent increase from 2017. “We have all tirelessly worked to build a strong foundation and prove we are capable of maintaining consistent and sustainable growth and still be mindful of financial performance,” VPR Brands CEO Kevin Frija stated in the…

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