Breaks Categories: News

WednesdayOct 03, 2018 11:10 am

CBDNewsBreaks – The Flowr Corporation (TSX.V: FLWR) Enters Strategic Partnership with Ace Valley Cannabis Brand

The Flowr Corporation (TSX.V: FLWR), a Canadian cultivator of premium cannabis, this morning announced a strategic partnership with Ace Valley, a new brand of cannabis products targeted at the upcoming Canadian adult-use recreational market. Per the update, Ace Valley’s curated product portfolio of pre-rolled joints and premium dried flower applies the deep understanding of consumer values and trends held by the team behind Ace Hill Beer to the cannabis market, while also leveraging Flowr’s expertise in cultivation. “From the start, Flowr and Ace Valley shared a commitment to creating high quality, authentic products for customers,” Steve Klein, chairman and chief…

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WednesdayOct 03, 2018 11:08 am

CBDNewsBreaks – Golden Developing Solutions, Inc. (DVLP) Reports Surging User Activity on Where’s Weed App

Golden Developing Solutions (OTCMKTS: DVLP), an emerging leader in the Cannabis and CBD marketplace, today reported an impressive amount of user activity data in the pre-purchase app associated with its newly acquired subsidiary, Where’s Weed (WheresWeed.com). Per the update, the app was developed in 2017 and launched on the Where’s Weed website in January 2018. The app has accumulated 76,000 separate orders placed by customers and $12,600,000 worth of orders placed with dispensaries. “This has become a win-win for both consumer and vendor. It’s a hit. And we fully expect it will continue to be an unequivocal success because it…

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WednesdayOct 03, 2018 10:19 am

CBDNewsBreaks – Earth Science Tech, Inc. (ETST) Provides Update on Progression of CBD Patents, Reacts to DEA’s Shifted Stance toward CBD

Biotechnology company Earth Science Tech Inc. (OTCQB: ETST) this morning issued an update on the progression of its cannabidiol patents, as well as its reaction to the U.S. Drug Enforcement Agency’s recent decision to remove certain CBD products from its Schedule 1 list of controlled substances. Per the update and as previously announced, ETST intends to launch two CBD-based nutraceutical formulas – a neuron protector and a breast protector – under a provisory patent. The company noted that the Quebec Agrifood Innovation Center is finishing the standardization of the formulas and, by the end of October, TransBiotech is expected to…

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WednesdayOct 03, 2018 9:41 am

CBDNewsBreaks – FinCanna Capital Corp. (CSE: CALI) (OTCQB: FNNZF) Investee Company Receives $9.6M Purchase Order

FinCanna Capital (CSE: CALI) (OTCQB: FNNZF), a royalty company for the U.S. licensed medical cannabis industry, this morning announced that its investee company, Refined Resin Technologies Inc., has attained its second purchase order for THC distillate in the minimum amount of $9.6 million, bringing its total purchase orders to $10.4 million. The order was received from a prominent, large volume, California cannabis enterprise and specifies $9.6 million as a minimum annual amount, contingent to consistent delivery and performance. “This multimillion-dollar order from an industry leading distributor illustrates the outstanding reputation and confidence in the Refined Resin team from leading players…

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TuesdayOct 02, 2018 12:19 pm

CBDNewsBreaks – Youngevity International, Inc. (NASDAQ: YGYI) Subsidiary Reports Early Coffee Harvest

Leading omni-direct lifestyle company Youngevity International (NASDAQ: YGYI) today announced that its wholly-owned subsidiary, CLR Roasters, will be shipping coffee earlier than anticipated for its recently entered 5-year sale and processing contract which is estimated to be worth $250 million. The first year of the contract was scheduled to start producing revenue in January of 2019. The first shipments are now expected for December 2018 due to earlier than normal harvest conditions in Nicaragua. "We have 8 million pounds of coffee now in our physical possession at our mills in Nicaragua and we anticipate that our inventory levels will reach…

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TuesdayOct 02, 2018 11:45 am

CBDNewsBreaks – NUGL Inc. (NUGL) Marketing Growth Figures Beat Expectations, Industry Standards

NUGL Inc. (OTC: NUGL), the cannabis industry’s new standard of technology, this morning announced that its marketing growth for user sign-ups and mobile app downloads has beaten expectations and outperformed industry standards for similarly situated technology start-ups. “We’re excited to report our September numbers far exceeded our expectations and well surpassed industry standards for growth,” Ryan Bartlette, CMO of NUGL, stated in the news release. “This month we focused on creating the blueprint for our marketing model. We wanted to prove concept and increase growth quickly and organically. We not only saw great returns on our initial spend but also…

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TuesdayOct 02, 2018 11:20 am

CBDNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Successfully Closes Acquisition of HemPoland

Cannabis-focused research and development company The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF) this morning announced the closing and approval from the Toronto Stock Exchange of its acquisition of HemPoland. In connection with the transaction, the company has paid $7.75 million in cash and has issued 1,968,323 restricted shares that will be escrowed for a term of three years from closing. There is also a contingent consideration of up to 3,047,722 deferred shares based on HemPoland achieving $32 million in EBITDA for the financial year 2021. TGOD will invest an additional $10.3 million in HemPoland to fund innovative product…

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TuesdayOct 02, 2018 10:47 am

CBDNewsBreaks – Phivida Holdings Inc. (CSE: VIDA) (OTCQX: PHVAF) Issues Response to DEA Rescheduling of CBD

Phivida Holdings Inc. (CSE: VIDA) (OTCQX: PHVAF), a premium functional food and beverage company, this morning issued a response to the U.S. Drug Enforcement Administration’s recent decision to remove cannabis component cannabidiol from its Schedule I list of controlled substances. “We see this reclassification of CBD in pharmaceuticals as a good sign that will bolster the growing awareness of CBD as a substance that delivers many benefits, and opens the door for other CBD-based treatments, in line with the recent FDA approval of a drug to treat childhood epilepsy,” Jim Bailey, president and CEO of Phivida, stated in the news…

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TuesdayOct 02, 2018 10:42 am

CBDNewsBreaks – Marijuana Company of America Inc. (MCOA) Provides Update on JV CBD Hemp Operation in Oregon

Innovative hemp and cannabis corporation Marijuana Company of America Inc. (OTC: MCOA) this morning issued an update on its joint venture project with partner Global Hemp Group Inc. (CSE: GHG) (OTC: GBHPF) in Scio, Oregon. Per the update, harvest has commenced at the farm. During the next 10 days, the team will harvest this year’s crop consisting of roughly 36,000 high yielding CBD hemp plants that were grown in an orchard style cultivation on 33 acres. Following the harvest, the hemp will be dried in preparation for storage prior to processing. After the drying of this year’s crop is complete,…

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TuesdayOct 02, 2018 10:04 am

CBDNewsBreaks – Sugarmade, Inc. (SGMD) Takes Steps to Acquire Hydroponic Companies for $45M Revenue Stream

Shares of Sugarmade, Inc. (OTCQB: SGMD) surged 10 percent in early trade, moving on volume of more than 2.5 million, after the hydroponics supply company said it has issued formal proposals to acquire two profitable hydroponic cultivation supply companies in the cannabis sector. Should the acquisitions be successful, the company said it will boost its revenue guidance to $75 million for next year. Sugarmade recently provided 2019 guidance of $30 million. "These acquisitions will not only very significantly boost our top line revenue growth, but will also expand our distribution across the most important sectors of the fast-growing cannabis marketplace,…

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