Breaks Categories: News

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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MondayApr 15, 2019 10:16 am

CBDNewsBreaks – Golden Developing Solutions Inc. (DVLP) Reports Record Monthly Revenue Total for March 2019

Emerging leader in cannabis, hemp and CBD Golden Developing Solutions Inc. (OTC: DVLP), alongside recent acquisition Infusionz LLC (“CBD Infusionz”), this morning announced the achievement of a combined total of $590,488 in monthly revenues during March 2019, marking a jump of roughly 800 percent in collective performance on a year-over-year basis. “We are seeing tremendous validation on a strategic level,” Stavros Triant, CEO of DVLP, stated in the news release. “The move to expand our exposure to the CBD space was very well-timed, and is already beginning to pay off. The numbers for March bear that out unmistakably… As we…

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MondayApr 15, 2019 9:51 am

CBDNewsBreaks – Youngevity International Inc. (NASDAQ: YGYI) to Host Conference Call Reviewing 2018 Financial Results

Leading omni-direct lifestyle company Youngevity International Inc. (NASDAQ: YGYI) this morning announced that it will host a conference call on Tuesday, April 16, 2019, at 1:00 p.m. ET to discuss its financial results for the quarter and year ended December 31, 2018. Per the update, the call will be hosted by Youngevity’s senior management, including Chairman and CEO Steve Wallach and President and CFO Dave Briskie. Interested parties can attend the call by clicking this link at least 15 minutes prior to the start time, or by dialing 206-402-0100 and entering access code 634174# at least five minutes prior to…

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MondayApr 15, 2019 9:26 am

CBDNewsBreaks – Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) Modifies Aphria Acquisition Offer, Enters Share Repurchase Agreement

Lifestyle-oriented cannabis company Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) this morning announced that it has reached an agreement with Aphria Inc. (TSX: APHA) (NYSE: APHA) to shorten the expiry time for acceptance of its formal offer to acquire all of the issued and outstanding common shares of Aphria from 5:00 p.m. ET on May 9, 2019, to 5:00 p.m. ET on April 25, 2019. Green Growth Brands also announced its entry into an agreement to repurchase 27,300,000 of its common shares, held by GA Opportunities Corp., for aggregate consideration of C$89 million. “We are pleased to be buying…

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