CannabisNewsBreaks

FridayMar 22, 2019 9:32 am

CBDNewsBreaks – VIVO Cannabis Inc. (TSX.V: VIVO) (OTCQX: VVCIF) Subsidiary Receives Health Canada Approval for Vanluven Road Facility Expansion

VIVO Cannabis (TSX.V: VIVO) (OTCQX: VVCIF) on Thursday announced that its wholly-owned subsidiary, ABcann Medicinals Inc., received approval from Health Canada to commence cultivation in the expansion of its Vanluven Road facility in Napanee. The expansion includes production and product development space built to GMP standards and doubles the company’s Ontario cultivation capacity. Cultivation in the expanded area will begin immediately. In addition, the company has incorporated a supercritical CO2 extraction suite for production of concentrates into the facility, which is expected to be brought on-line mid-2019. “The GMP certification of our Vanluven expansion, expected later this year, will enable…

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ThursdayMar 21, 2019 12:53 pm

CBDNewsBreaks – CBDWire to Serve as Distribution Partner for Canada’s Premier Cannabis Industry Event

Multifaceted financial news and publishing company CBDWire (“CBDW”) today announced that it will serve as an official distribution partner for the O’Cannabiz Conference and Expo, Canada’s premier cannabis industry event to be held at Toronto’s International Centre from April 25 through April 27, 2019. The event will feature a wide range of industry-related panel discussions, timely cannabis topics, and offer access to over 400 exhibitor booths and B2B networking opportunities. “The O’Cannabiz Conference and Expo is truly a must-attend event that attracts the industry’s most exciting players in the cannabis space. CBDWire is proud to leverage its expertise and expansive…

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ThursdayMar 21, 2019 12:20 pm

CBDNewsBreaks – The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Receives Health Canada Approval for Expansion of 7ACRES Facility

The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) this morning announced that its wholly owned subsidiary, 7ACRES, has obtained Health Canada approval for six additional flowering rooms totaling 60,000 sq. ft. of additional production space at its facility in Kincardine, Ontario. With this expansion, total flowering room space at 7ACRES’ facility is expected to increase to 180,000 sq. ft., with annual production capacity estimates rising from roughly 17,500 kg to 26,250 kg. “Today's announcement is a major milestone which represents a 50% increase in our estimated annual production capacity. With 18 of 25 flowering rooms at 7ACRES…

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ThursdayMar 21, 2019 11:32 am

CBDNewsBreaks – Marijuana Company of America Inc. (MCOA) Details UK Launch Plans for hempSMART Products

Innovative hemp and cannabis corporation Marijuana Company of America Inc. (OTCQB: MCOA) this morning announced that its wholly owned subsidiary, hempSMART Ltd., will launch its hemp CBD-formulated products in the United Kingdom during a sold-out event in London on March 23, 2019. Per the update, the company has secured a lineup of fantastic speakers for the launch event, with some joining from across the globe by video conference. “We are now ready to start on the global rollout of our hempSMART products. Our software is set to accommodate many countries, our product line has been well developed and we have leaders…

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ThursdayMar 21, 2019 11:12 am

CBDNewsBreaks – VIVO Cannabis Inc. (TSX.V: VIVO) (OTCQX: VVCIF) Starts Australian Observational Trial

VIVO Cannabis (TSX.V: VIVO) (OTCQX: VVCIF) today announced that it will begin an observational study on the use of cannabinoids as therapy for chronic pain. A group of well-known pain specialists will lead the study, taking place in Melbourne, Australia, which expects to provide long-term (24 month) data in order to evaluate the efficacy of medical cannabis in treating pain and further support development of VIVO's portfolio of medical cannabis products. VIVO is funding the effort in the form of a research grant to its partner in the study, Australian Medical Cannabis Service ("AMCS"). “Driven by unmet clinical needs, medical…

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ThursdayMar 21, 2019 10:50 am

CBDNewsBreaks – Redfund Capital Corp. (CSE: LOAN) (OTC: PNNRF) (Frankfurt: O3X4) Announces Launch of First International Hemp/CBD Auction Platform

Merchant banking firm Redfund Capital Corp. (CSE: LOAN) (OTC: PNNRF) (Frankfurt: O3X4) this morning announced the launch of the Cannabis Mercantile Exchange (“Cannamerx”) International Hemp/CBD Auction Platform. Per the update, Cannamerx today reported that 1.5 tonnes of hemp biomass have been listed for auction on the platform, and its team is rapidly onboarding clients in Canada, the U.S. and Europe. “The hemp revolution has begun in North America. We are excited to help Cannamerx create a global path for many of these companies to trade Hemp/CBD internationally and become cash flow positive at a much quicker pace, decreasing their sales…

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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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