Breaks Categories: News

ThursdayApr 18, 2019 11:00 am

CBDNewsBreaks – CBDWire Recaps Cannabis Conference 2019, A Successful Event Featuring Industry’s Best and Brightest

Multifaceted financial news and publishing company CBDWire (“CBDW”) this morning provided a recap of Cannabis Conference 2019, for which it served as a media sponsor and participating exhibitor for the event that took place April 1-3 at the Westgate Las Vegas Resort & Casino in Las Vegas. The conference, presented by leading industry publications Cannabis Business Times and Cannabis Dispensary, offered invaluable networking opportunities with some of the cannabis industry’s best and brightest. “Throughout the three-day conference, we were privileged to interact with businesspeople representing virtually all sectors of the cannabis industry,” CBDW Director of Analytics and Reporting Cami Cox…

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ThursdayApr 18, 2019 10:27 am

CBDNewsBreaks – Chemistree Technology Inc. (CSE: CHM) (OTCQB: CHMJF) Issues Shareholder Update on Washington Operations and California Cultivation Facility

Chemistree Technology (CSE: CHM) (OTCQB: CHMJF) this morning provided an update to shareholders on its Washington state assets and Desert Hot Springs, California cultivation facility development. Per the update, Chemistree’s Washington state licensee partner has confirmed further advancements in crucial areas of its cultivation facility, including the appointment of key staff; upgrading of 288 on hand grow lights in flower and sale of retrofitted lights, with new lights expected to improve crop yields by 20 percent or more; retail points of sale expansion of 25 percent, offering Sugarleaf products; increase of product SKUs by 20 percent, with new products including…

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ThursdayApr 18, 2019 10:18 am

CBDNewsBreaks – Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) Announces Nevada Launch of its First Proprietary Cannabis Brand

Lifestyle-oriented cannabis company Green Growth Brands (CSE: GGB) (OTCQB: GGBXF) this morning announced the launch of CAMP(TM), its proprietary cannabis brand born from the idea of connecting with nature, others and yourself. According to the update, the brand’s debut product, Happy Camper, is available now at The Source dispensaries in Las Vegas and Henderson and marks Nevada’s first of its kind cartridge featuring 100 percent solventless rosin. Through CAMP(TM)'s proprietary extraction method, only pressure and heat is used to create the most natural, premium tasting rosin made from Anslinger and Grapefruit Durban terpenes. “At the heart of what we do…

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ThursdayApr 18, 2019 9:31 am

CBDNewsBreaks – TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) Enters Sub-Lease for Multipurpose Facility in Adelanto, California

TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) today announced that it has entered into a sub-lease agreement for 10,000 square feet of an Adelanto, California-based multipurpose facility. According to the update, the sub-lease agreement covers a term of four years at $2.00 per square foot per month. “As we've represented since the commencement of TransCanna, it's crucial to have a main facility, which we now have with the acquisition of the 196,000 square foot vertically integrated facility in Modesto, and up to five satellite facilities located strategically throughout the state,” TransCanna CEO Jim Pakulis stated in the news release. “This…

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ThursdayApr 18, 2019 9:23 am

CBDNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQB: PLPRF) Announces New Line of Mints, Launches First Flavor

Cannabis product manufacturer Plus Products (CSE: PLUS) (OTCQB: PLPRF) this morning announced a new line of mints as well as the launch of the first flavor, Classic Mint. PLUS Classic Mints contain 2.5 mg THC and less than 0.1 mg CBD each. The mints come in tins with 40 mints each and are currently available at a limited number of licensed retailers in California. PLUS intends to launch the Classic Mints market wide on April 30th at the Hall of Flowers cannabis trade show. “Mints are a logical extension to the PLUS product family as more customers seek out unique…

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WednesdayApr 17, 2019 12:18 pm

CBDNewsBreaks – ChineseInvestors.com Inc. (CIIX) Announces Record Revenues and Year-Over-Year Increases for Q3 2019

Premier provider of financial news and education for the Chinese-speaking community ChineseInvestors.com (OTCQB: CIIX) today released its financial and operational summary for the third quarter of its fiscal year 2019. Among the highlights, the update reported an 81 percent increase in total revenue for Q3FY2019 of $1,444,822, up from $796,304, as well as a 579 percent increase in hemp and CBD sales revenues and 6 percent increase in subscription revenues, all up from the same quarter in the prior year. “This has been an extremely eventful quarter for us, demonstrated by the successful product launches and initiatives that we have…

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WednesdayApr 17, 2019 9:39 am

CBDNewsBreaks – Marijuana Company of America Inc. (MCOA) Announces 20 Percent Equity Acquisition and Joint Venture Agreement with NPE of California

Innovative hemp and cannabis corporation Marijuana Company of America (OTCQB: MCOA) this morning announced its official acquisition of a 20 percent ownership interest in Natural Plant Extract of California (“NPE”). According to the update and under the agreement terms, MCOA has committed to contribute $2,000,000 in total cash to the project as well as $1,000,000 in its common shares in exchange for a 20 percent equity position in NPE. In addition, MCOA and NPE have officially entered a joint venture agreement to establish Viva Buds as a premier cannabis delivery company, from which both NPE and MCOA will share in…

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WednesdayApr 17, 2019 9:30 am

CBDNewsBreaks – Cannabis Strategic Ventures Inc. (NUGS) Congratulates Portfolio Company on New Product Launches, The Ellen DeGeneres Show Appearance

Cannabis Strategic Ventures (OTC: NUGS), a Los Angeles, California-based cannabis firm, this morning applauded its portfolio company The Asher House Wellness on its appearance on “The Ellen DeGeneres Show” which first aired on April 15. Co-founders Lee Asher and Luke Barton appeared on the popular daytime show to discuss their deep commitment to bring dogs out of shelters and into loving homes internationally. In addition, the Asher House team is expanding its suite of product offerings by introducing new phytocannabinoid (CBD) products and plans to launch numerous new dog products in 2019, including “Lillie’s Love Biscuits.” In 2018, Cannabis Strategic…

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TuesdayApr 16, 2019 12:42 pm

CBDNewsBreaks – Green Hygienics Holdings Inc. (GRYN) Enters LOI to Acquire Coastal Labs

Premium cannabis firm Green Hygienics Holdings Inc. (OTCQB: GRYN) this morning announced its entry into a letter of intent to acquire Coastal Labs. Las Vegas-based Coastal Labs was founded in 2014 by Kavan Thanasith and Travis Chrisman with the intention of providing raw CBD products to CBD merchants under the Coastal Pay umbrella. In 2017, it was recognized by San Diego Business Journal as one of the top 100 fastest-growing private companies. Per the update, Coastal Labs has generated various revenue sources by expanding its network throughout different sectors of the industry, with a focus on sales of seeds, hemp…

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TuesdayApr 16, 2019 12:05 pm

CBDNewsBreaks – Youngevity International Inc. (NASDAQ: YGYI) Posts Q4, Full Year 2018 Financial Results

Youngevity International (NASDAQ: YGYI), a leading omni-direct lifestyle company, this morning announced financial results for the fourth quarter and full year ended December 31, 2018. Among other highlights, the company reported full year revenues of $162.4 million; full year adjusted EBITDA of $7 million, up from negative $549,000 in 2017; and full year operating loss of $2.6 million, a 55% improvement from $5.9 million in the prior year. “We are encouraged by the improvement in our gross margins and the significant turnaround in Adjusted EBITDA over 2017. We are seeing revenue stabilization in the direct selling segment and we anticipate…

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