Breaks Categories: News

ThursdayMar 21, 2019 9:41 am

CBDNewsBreaks – Lexaria Bioscience Corp. (CSE: LXX) (OTC: LXRP) Launches its Largest Cannabinoid R&D Program

Biotechnology company and drug delivery platform innovator Lexaria Bioscience (CSE: LXX) (OTC: LXRP) on Wednesday announced that work has commenced on its largest-ever cannabinoid research program, which will also test Lexaria-designed nanotech enhancements. According to the update, the new program is comprised of 11 separate animal studies, each comparable in scope to individual animal studies the company conducted during 2018. Six months ago, Lexaria began its 2019 in vivo study design. All laboratory test articles have been produced and exceed all required quality control thresholds, and the project has now advanced to the implementation stage. The 2019 R&D project is…

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WednesdayMar 20, 2019 11:43 am

CBDNewsBreaks – Phivida Holdings Inc. (CSE: VIDA) (OTCQX: PHVAF) Partners with Green Glass Global to Place Oki Beverage Line Across U.S.

Premium functional food and beverage company Phivida Holdings (CSE: VIDA) (OTCQX: PHVAF) this morning announced its entry into a strategic partnership with Green Glass Global, a leading beverage brokerage firm that specializes in on-premise national accounts for the specialty drinks sector. According to the update, the partnership will focus on placing Phivida's Oki beverage line products in premium hospitality outlets across the United States. “We are really excited to partner with Green Glass Global to represent our Oki beverage brand nationally in the on-premise channel,” Phivida Chief Commercial Officer Doug Campbell said in the news release. “The on-premise channel represents…

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WednesdayMar 20, 2019 11:15 am

CBDNewsBreaks – Marijuana Company of America Inc. (MCOA) Partners with Licensed California Manufacturing & Distribution Company to Acquire Owner Interest, Form JV

Innovative hemp and cannabis corporation Marijuana Company of America (OTCQB: MCOA) today announced its entry into a letter of intent with Natural Plant Extract of California (“NPE”) and its subsidiary, Northern Lights Distribution, LLC (“NLD”), to acquire a 20 percent ownership interest in NPE and establish a joint venture to operate a California cannabis delivery service named Viva Buds. Per the update and under the terms of the LOI, MCOA will contribute $2,000,000 in total cash to the project, as well as common shares with a value of $1,000,000 in exchange for its 20 percent equity position in NPE. In…

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WednesdayMar 20, 2019 10:28 am

CBDNewsBreaks – Redfund Capital Corp. (CSE: LOAN) (OTC: PNNRF) (Frankfurt: O3X4) Enters Strategic Alliance with Cannabis Mercantile Exchange

Redfund Capital (CSE: LOAN) (OTC: PNNRF) (Frankfurt: O3X4) this morning announced its entry into a strategic alliance with the Cannabis Mercantile Exchange ("Cannamerx"), one of the first cannabis and hemp auction platforms to go live. Per the update, Cannamerx is the first fully automated B2B international auction platform for wholesale cannabis, cannabis products, hemp and hemp products and genetics, to recommend certain company’s products and services to their respective customer base. More than 57 Canadian licensed cannabis companies have joined Cannamerx, which has helped facilitate the trade of more than 25 tonnes of cannabis, over $22 million in bids received…

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WednesdayMar 20, 2019 9:46 am

CBDNewsBreaks – The Green Organic Dutchman (TSX: TGOD) (OTCQX: TGODF) Reports Financial, Operational Year End Results

Cannabis-focused research and development company The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF) on Tuesday reported its financial and operational results for the year ended December 31, 2018. Among other highlights, the company ended the year with $263.5 million of cash and restricted cash to continue to fund its facilities expansion and international growth. The company also completed two bought deals worth $101.2 million in gross proceeds and private placements totaling $77.6 million in gross proceeds. “2018 has been a pivotal year for the company. The accomplishments our team has made have been nothing shy of incredible,” the Green…

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WednesdayMar 20, 2019 9:00 am

CBDNewsBreaks – TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) Inks Definitive Closing Documents to Acquire Cannabis Facility with Packaging Equipment on 5.5 Acres of Land

TransCanna Holdings (CSE: TCAN) (FSE: TH8) this morning announced that it has signed definitive closing documents to acquire a 196,000 square foot facility on 5.5 acres of land as well as cannabis packaging and processing equipment for a total purchase price of $15 million. Over the past two years, the facility has undergone $8 million in key renovations which have formed specific divisions for nursery, cultivation, manufacturing, extracting, bottling, remediation, and transportation and distribution. The company paid the sellers a $250,000 non-refundable deposit and will pay an additional $8 million down payment. The seller agreed to a carry back note…

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MondayMar 18, 2019 11:57 am

CBDNewsBreaks – Green Hygienics Holdings Inc. (GRYN) Opens Escrow for Purchase of 824-Acre Property Near San Diego

Premium cannabis cultivation and branding firm Green Hygienics Holdings Inc. (OTCQB: GRYN) today announced that it has opened escrow for the purchase of the Potrero Ranch Property near San Diego, California. Per the update, the land package covers 824 acres of flat, native grassland pasture sheltered by surrounding mountains and is ideal for hemp cultivation, with an abundant water supply and favorable altitude and soil pH. The property includes outbuildings spanning 294,000 square feet that are suitable for use as greenhouses or storage. A large built-in cooler is installed in the main building. “Given that there is the potential to…

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MondayMar 18, 2019 11:44 am

CBDNewsBreaks – City View Green Holdings Inc. (CSE: CVGR) Announces Appointment of Alcohol Beverage Industry Veteran as CEO

City View Green Holdings Inc. (CSE: CVGR) today announced that, effective immediately, Ian MacDonald has been appointed as its new CEO. MacDonald is a well-respected and proven leader in the international alcohol beverage industry with a solid reputation of creating and growing profitable and sustainable companies. With over 30 years’ experience in the highly regulated beverage alcohol space and a strong foundation in sales, marketing and executive management, MacDonald has repeatedly transformed companies into award-winning, innovative and industry leading organizations. "City View Green has arguably the best team in the business,” CEO Ian MacDonald stated in the release while discussing…

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MondayMar 18, 2019 9:42 am

CBDNewsBreaks – Canopy Rivers Inc. (TSX.V: RIV) (OTC: CNPOF) Announces New Joint Venture with LeafLink Inc.

Cannabis-focused investment and operating platform Canopy Rivers Inc. (TSX.V: RIV) (OTC: CNPOF), alongside LeafLink Inc., this morning announced the establishment of LeafLink Services International ULC, a new venture focused on licensing and leveraging LeafLink’s dominant business-to-business marketplace and supply chain technology platform for deployment through regulated international cannabis markets. “We have been very impressed with LeafLink’s deep market penetration and their understanding of cannabis companies’ needs and behaviors,” Narbé Alexandrian, president of Canopy Rivers, stated in the news release. “The number of brands and products within our new cannabis economy has been explosive, making it difficult for retailers to deal…

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MondayMar 18, 2019 9:26 am

CBDNewsBreaks – The Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF) Announces Online Availability of FlowrRX Products through Shoppers Drug Mart

Canadian cannabis cultivation firm The Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF) this morning announced that its FlowrRX products are now available for purchase through Shoppers Drug Mart’s online medical cannabis site, www.ShoppersDrugMart.ca/Cannabis. This update follows a January 9, 2019, news release outlining a sales agreement between the two companies. “We’re pleased to provide patients with the high quality and consistent products they seek, now with access to the world class patient care team that Shoppers Drug Mart has assembled,” Vinay Tolia, co-CEO of Flowr, stated in the news release. “Flowr’s premium medical cannabis is grown in what we believe is…

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