Breaks Categories: News

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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TuesdayApr 16, 2019 11:53 am

CBDNewsBreaks – Wildflower Brands Inc. (CSE: SUN) (OTCQB: WLDFF) Enters EU Market through Agreement with Two Towers

Vancouver-based Wildflower Brands Inc. (CSE: SUN) (OTCQB: WLDFF) today announced that it has signed an agreement with Two Towers to expand the Wildflower Wellness brand’s CBD+ line of products into Poland. Per the update, Two Towers, a major wholesale prescription medical and over the counter wellness distribution company in Poland, is an extension of Omega Rex, a group of 14 pharmacies operating around the central capital region of Warsaw. “The European market is fragmented with no CBD market leaders,” William MacLean, CEO of Wildflower Brands, stated in the news release. “Our agreement with Two Towers vastly reduces barriers to moving…

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TuesdayApr 16, 2019 11:12 am

CBDNewsBreaks – Canopy Rivers Inc. (TSX.V: RIV) (OTC: CNPOF) Invests in High Beauty

Canopy Rivers (TSX.V: RIV) (OTC: CNPOF) this morning announced the completion of an investment in High Beauty, the creator of the cannabis beauty brand high. According to the update, the company has subscribed for $2.5 million of shares representing 18.4% of High Beauty on a fully diluted basis, including additional warrant coverage. “We have been actively pursuing opportunities in the health and beauty industry, guided by a growing consumer trend of brand new, innovative and functional beauty products. Enter high,” Canopy Rivers president Narbe Alexandrian stated in the news release. “Led by Melissa Jochim, a repeat entrepreneur, preeminent formulator and…

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TuesdayApr 16, 2019 10:48 am

CBDNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQB: PLPRF) CEO to Present at Benzinga Cannabis Capital Conference

Cannabis product manufacturer Plus Products Inc. (CSE: PLUS) (OTCQB: PLPRF) this morning announced that its co-founder and chief executive officer, Jake Heimark, will be presenting at the third annual Benzinga Cannabis Capital Conference on April 18, 2019, at 1:20 p.m. ET. As noted in the news release, Benzinga describes Cannabis Capital Conference as “The premier gathering of cannabis entrepreneurs and investors in North America.” An audience of over 750 institutional and retail investors, public and private companies and media representatives is expected to attend the event, which is scheduled to take place on April 17-18 at the Fairmont Royal York in…

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TuesdayApr 16, 2019 10:18 am

CBDNewsBreaks – TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) Completes Purchase of Vertically Integrated Cannabis Facility in California

TransCanna Holdings (CSE: TCAN) (FSE: TH8) today announced its completion of the purchase of a 196,000 square foot vertically integrated cannabis facility. Per the update, the total purchase price for the property was $15 million. “A tremendous effort by the TransCanna team on closing arguably the largest vertically integrated cannabis focused facility in California,” TransCanna CEO Jim Pakulis said in the news release. “Simultaneous to putting our efforts into purchasing the facility, we've been searching extensively for the key individuals who will be overseeing the day to day operations. We've made great strides over the past several weeks and should…

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MondayApr 15, 2019 10:58 am

CBDNewsBreaks – Chemistree Technology Inc. (CSE: CHM) (OTCQB: CHMJF) Partners with NJ Medical Retail Cannabis License Applicant

Chemistree Technology Inc. (CSE: CHM) (OTCQB: CHMJF) this morning announced that its wholly owned U.S. subsidiary, American CHM Investments Inc., has entered a letter of intent to partner with Applied Cannabis Sciences of New Jersey ("ACS"), a New Jersey-based medical retail dispensary applicant in the state’s upcoming round of request for applications, which is anticipated in 2020. ACS’s leadership team combines seasoned professionals from the legal medicinal and adult use marijuana industry with over 50 years of collective experience and includes over 20 cultivation, processing and manufacturing licenses across four U.S. states (Washington, Oregon, California and Colorado). "We are excited…

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MondayApr 15, 2019 10:35 am

CBDNewsBreaks – Global Payout Inc. (GOHE) Subsidiary Records Processing Volume Increase, Sizable Quarterly Revenue Growth

Global Payout Inc. (OTC: GOHE), together with wholly owned subsidiary MTrac Tech Corporation, this morning provided a shareholder update on MTrac’s ongoing expansion in 2019. Per the update, the company has realized an estimated processing volume increase of more than 5x since October 2018, and it now has more than 50 merchants within the MTrac ecosystem. As a result of this progress, the company’s gross revenue figures more than tripled from Q4 2018 to Q1 2019. “MTrac continues to make significant progress in addressing the needs of present and future cannabis industry customers,” Global Payout COO and MTrac Executive Vice…

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MondayApr 15, 2019 10:32 am

CBDNewsBreaks – Marijuana Company of America Inc. (MCOA) Reports Year-End 2018 Financial Results, 840 Percent Revenue Growth

Innovative hemp and cannabis corporation Marijuana Company of America Inc. (OTCQB: MCOA) this morning announced its financial results for the year ended December 31, 2018, as reported in its annual report on Form 10-K. According to the update, MCOA realized total revenues of $252,135 from its hempSMART products for the 12-month period, which represents an 840 percent year-over-year increase as compared to 2017 revenues of $26,830. “I could not be prouder of the growth and accomplishments our company and team members achieved in 2018,” Marijuana Company of America Founder, Chairman and CEO Don Steinberg said in the news release. “Our…

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