CannabisNewsBreaks

TuesdayJul 10, 2018 12:12 pm

CBDNewsBreaks – EVIO, Inc. (EVIO) Expands California Footprint with New Lease Agreement

EVIO, Inc. (OTCQB: EVIO), a leading provider of cannabis testing and scientific research for the regulated cannabis industry, this morning announced that it has expanded its footprint by signing a five-year lease agreement for a 7,370 square foot facility in Palm Desert, California. Per the update, the new facility is centrally located near Desert Hot Springs and Coachella, strategically positioning the company amongst the largest cultivators in Southern California. “Desert Hot Springs was the first city in Southern California to legalize large-scale medical marijuana cultivation causing the area surrounding our Palm Desert location to be inundated by cannabis growers and…

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TuesdayJul 10, 2018 11:21 am

CBDNewsBreaks – NUGL Inc. (NUGL) Appoints New CFO

Marijuana-focused search engine and online directory company NUGL Inc. (OTC: NUGL) this morning announced that it has hired Thomas Bouse, CPA, as its new chief financial officer. Bouse will replace NUGL CEO Brandon Vargas, who has been serving as the company’s interim CFO, in this position. “Tom has an extensive background with corporate taxes. He also understands how to manage a company’s tax flow in rapid growth modes,” Vargas stated in the news release. Per the update, Bouse is the founder and owner of Pacific Rim Tax and Accounting, headquartered in Huntington Beach, California. He brings more than two decades…

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TuesdayJul 10, 2018 10:37 am

CBDNewsBreaks – Choom Holdings Inc. (CSE: CHOO) (OTCQB: CHOOF) Appoints New Director of Sales

British Columbia-based cannabis cultivation firm Choom Holdings Inc. (CSE: CHOO) (OTCQB: CHOOF) this morning announced the appointment of Aussie Jiwani to the company’s management team as Director of Sales. Jiwani will be a vital member of the Choom team as the company continues to advance toward being a top cannabis retailer for the recreational market in Canada. "We are thrilled to bring Mr. Jiwani on board as we continue to grow and strengthen our position in the recreational cannabis market coming this October. Mr. Jiwani brings an abundance of knowledge and experience in respect to the sale and retail of…

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TuesdayJul 10, 2018 10:08 am

CBDNewsBreaks – Sunniva Inc. (CSE: SNN) (OTCQX: SNNVF) Announces Plans to Spin Out and List Canadian Assets

Sunniva (CSE: SNN) (OTCQX: SNNVF), a vertically integrated cannabis company, this morning announced that it plans to spin out its Canadian assets into a separate Canadian entity and to apply to list the shares on the Toronto Stock Exchange (“TSX”) and the NASDAQ Stock Market (“NASDAQ”). Per the update, the purpose of the transaction is to attain the underlying value of Sunniva’s assets on both sides of the border. Upon completion of the spinout transaction, which is subject to various conditions such as shareholder and exchange approval, Canadian assets would include Sunniva Medical Inc. (“SMI”), which is currently building the…

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TuesdayJul 10, 2018 9:33 am

CBDNewsBreaks – FinCanna Capital Corp. (CSE: CALI) (OTCQB: FNNZF) Executes Expanded Royalty Agreement with Refined Resin Technologies Inc.

FinCanna Capital Corp. (CSE: CALI) (OTCQB: FNNZF), a royalty company for the U.S. licensed medical cannabis industry, this morning announced that it has executed an expanded royalty agreement with Refined Resin Technologies Inc., formerly known as Gram Co Holdings LLC, of Oakland, California. Per the terms of the agreement, FinCanna will fund $3 million in tranches to complete the original royalty agreement transaction that was previously announced under a binding term sheet in February 2018. In return, the company will receive a tiered corporate royalty ranging from five to 14 percent of Refined Resin’s annual revenues, based upon predetermined benchmarks.…

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MondayJul 09, 2018 9:51 am

CBDNewsBreaks – ChineseInvestors.com, Inc. (CIIX) Retains Law Firm; Aims to Open Bitcoin ATM Network in California

Premier financial information company ChineseInvestors.com, Inc. (OTCQB: CIIX) this morning announced that it has retained the law firm of CKR Law, LLP to assist the company in setting up its own Bitcoin ATM network in California. The company plans to launch the first machines in Chinese Communities in the Los Angeles area before expanding to serve other Chinese Communities throughout the United States. "With the regulatory world changing in the cryptocurrency sector, we feel that it is important to retain legal counsel with a proven track record in this industry to assist us in setting up our own Bitcoin ATM…

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MondayJul 09, 2018 9:50 am

CBDNewsBreaks – Medical Cannabis Payment Solutions (REFG) Enters Agreement to Form Nation’s Largest Mobile Hemp CBD Processing Service

Cannabis-focused financial services company Medical Cannabis Payment Solutions (OTC: REFG) this morning announced that it has reached an agreement in principle that will result in the nation’s largest mobile hemp CBD processing service. Per the update, the agreement, made with a subsidiary of Paper Lantern, LLC, will be finalized shortly. Through this agreement, Medical Cannabis Payment Solutions will acquire the rights to deploy groundbreaking mobile hemp CBD extraction labs, which it intends to utilize at hemp farms owned and operated by REFG, as well as those that have entered into processing agreements with the company. “Our mobile extraction partnership is…

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MondayJul 09, 2018 9:18 am

CBDNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTC: TGODF) Posts Letter to Shareholders

Cannabis-focused research and development company The Green Organic Dutchman Holdings (TSX: TGOD) (OTC: TGODF) this morning issued a letter to shareholders detailing the company’s vision under its new CEO, Brian Athaide. Among other highlights, the release discussed the company’s recent activities including the company’s retail first approach, strategic hires, expansion, exclusive licensing deals, entrance into international markets and TGOD’s organic differentiation. As an organic cannabis brand, the company remains committed to sustainability and reducing its carbon footprint by developing some of the most advanced, automated hybrid facilities in existence, helping produce the highest quality cannabis for the lowest cost. Per…

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FridayJul 06, 2018 11:29 am

CBDNewsBreaks – Sunniva Inc. (CSE: SNN) (OTCQX: SNNVF) Subsidiary Advances in Canadian Cannabis Market

Vertically integrated cannabis company Sunniva’s (CSE: SNN) (OTCQX: SNNVF) wholly-owned subsidiary, Sunniva Medical Inc. (“SMI”), received a Confirmation of Readiness (“COR”) notification from Health Canada recently. Attaining the COR is a key step toward SMI receiving a license to produce. A recent article discussing the company reads: “The COR received by Sunniva Medical Inc. (SMI) was issued under new rules instituted in May 2017 by Health Canada under the Access to Cannabis for Medical Purposes Regulations (ACMPR), which removed the necessity for a physical inspection of grow facilities prior to the issuance of a cultivation license. The new regime allows…

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FridayJul 06, 2018 10:22 am

CBDNewsBreaks – Medical Cannabis Payment Solutions (REFG) Ensures FinCEN Compliance via Green Platform

Cannabis-focused financial services company Medical Cannabis Payment Solutions (OTC: REFG) has developed Green, a Financial Crimes Enforcement Network (“FinCEN”) compliant payment processing platform for the cannabis industry. A recent article discussing the company reads: “Medical Cannabis Payment Solutions (OTC: REFG), a financial services company directed at the medical cannabis and banking industries, has been filling the gap for cannabis providers who lack bank support due to federal regulations by providing online banking solutions. First offered only to medical cannabis merchants, the company’s services are now available to the entire cannabis industry through its innovative Green platform. The Green platform allows…

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